tv Mad Money CNBC August 12, 2021 6:00pm-7:00pm EDT
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osp market continues to consolidate. i think they will be a consolidation. and guy? >> the white sox in iowa >> yes, of course, "field of dreams." >> nasdaq, we're here, buy stock. thanks foratin wchg "fast money. "mad money" with jim cramer starts right now field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica other people make friends, i'm just trying to make you money and my job is to educate and teach. do you want to know the secret ingredient behind this market's rally from the bottom last year. i figured it out
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it's the short sellers when the bears bet against the stock, it borrows shares and then sell them but if that bet goes wrong, they're forced to buy the stock back and that buying is like rocket fuel for stocks oh, we had a bunch of examples today. even as the averages were -- dow up 3% and nasdaq up 5% just like ordinary investors will throw in the tell and sell when the favorite stock gets obliterated, short sellers throw in the towel when the favorite targets go up too much the cover of their defeat is evident every day in this market and something we don't talk about enough how the heck do you think we've managed to go six straight months without a 5% decline. short sellers are supporting the bulls if they're not doing it by choice most of the time when someone goes short they have a thesis
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about over valuation, that the situation is very precarious they want fear, they want danger you need more conviction to go short because if you're wrong your losses could be unlimited of course, you had a bad piece of news, maybe a shortfall or a scandal, and boom the shorts clean up when you layer on the hideous balance sheet, it is better for the shorts because you get a possibility of a total break down the stock could go to zero but thanks to a new generation of investors, investors who treat short sellers as prey, we have a very peculiar market. take amc, this theater change has no business being solid after a year and a half of covid. there is a ton of debt and little demand and competition
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keeps getting fierce as we'll hear from disney later tonight which is cleaning up and judged by the positive reaction from disney, it may be a benefactor of a short squeeze going bad both tonight and then tomorrow eight months ago amc was a short candidate betting against it like seemed like shooting fish in a barrel. then wall street bets came along and started ganging up against the shorts pushing stocks like amc higher in order to force the bears to buy them back and that allowed ceo adam aaron to raise $5 billion in inflated common stock more heavily indebted with no revenues might be enough to stave off bankruptcy for the next five years. he did everything to embrace and harness and love the power of the new found eight traders as they call them that.
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and he called them on the call every time shorts go after amc they get smacked down by the legion of bear bombers the analysts are paid fortunes, right, to prediction the directions of the stocks they cover but they're almost negative about amc several of them are still using $1 price targets for the $33 stock and their conviction has not been deterred by the better than expected return this month. they think the delta variant will crush amc because they look at the balance sheet and say who the heck would want to own this stock. camc is no longer trading on fundamentals when you have a group of shareholders faced with immeant bankruptcy buy the stock moreveraciously, if anything happens good at amc, you'll
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catch a double when you talk about amc people think of well game stop, the other major meme, but they're not in the same league game stock is a perfect picture balance sheet and the ceo is in the palm of his ice cream filled hand i'm not saying the stocks are necessary worth buying but you can't short them because the shareholder base will destroy you every time does game stop have a bright future i don't know and i don't care. make they become a crypto deposit center and turn the stores in gaming palaces or make money off virtual reality. i think they're better off keeping their movements vague and that gives them a lot of options. and it is insane that game stop could raise as money much, that is not supposed to be happening. it doesn't belong up here based on the fundamentals, what future
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is there for brick and mortar video games. give me a break. but it no longer trades on fundamentals and as long as they believe in game stop, there is only so low it could go. and contrast that with tesla this is a huge battleground. you have a smart guy with a dream to build the best car in the world and delivered a electric car and with the help of government tax credit and short sellers who kept pushing the stock higher when their forced to buy it back in order to close out to buy stock and that allowed tesla to raise more money. what a circle that was elon musk mabkes it happen because the car is incredible. and contrast that adam aaron at amc. and like elon musk, he had a sense of showmanship but it is a chain of movie theaters they could sell drinks and sold' water and pop and take payment in bitcoin, they offer prepare
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p popcorn for shareholders adam is not going to develop a cancer vaccine you go there to watch movies except this time you could get covid if you're sitting next to someone with the delta variant again, all that means nothing to the wall street bets crew. they don't care about the fundamentals they don't even care about the delta variant. they care about boosting on the back of short sellers. warren buffett doesn't like it but the aips are trying to accomplish, it is a multi-level marking stream meets bull market now you have a army of short busters any time the short sellers get too crowd and the kinds that are libel to attract short sellers they have a degree of protection they never had before these days it is more dangerous to short anything. the other day albertson's put in
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a new cfo, except for wait a second, he did a good job at best buy the stock jumps 20%. because bark clays switched and told people it was okay, there goes to the prop and here comes the cover i don't know where this ends but i could tell you that as long as there are lots people shorting stocks that are popular on internet message boards and there are lots of money managers shorting the market by the weakness in bonds or the delta force, the bears will have a hard time putting this market down here is the bottom line. get this understand it. especially you analysts out there. until something happen that's truly panics the bulls, creating natural severals, this is a a tough environment for the shorts and as long as they know that maybe wait until they have something that scared the daylight out of the owners or anything else. could we start with doug in ohio >> caller: good afternoon. thank you for taking my call
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appreciate everything you do. >> i appreciate you, doug. thank you for calling me. >> caller: i'm buying stocks for the long-term and i know four months is not long-term but four months ago i brat dana her and today it is $3.13 a share. how do you decide when it is time to sell or to the stock -- >> this is by far the best covid machine for people, if you want to test mask most accurate, it is fantastic dana her is a buy, buy, buy, buy, buy, buy. i say take it to 350 no 400 do i hear 450. how about 500. with an army of short busters at the ready. this one is a tough place to be short. the bears are having a hard time putting the market down. on "mad money" tonight, last night bubble reported stronger than expected revenue. look out bears so could the stock be a perfect match for your portfolio i'm talking to the ceo and then with boats remaining in
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high demand, i'm heading to the zok and talking to brunswick top brass to see if can t could cruise higher. and disney had an amazing quarter so could the future remain magical for the house of mouse. i have the exclusive with the ceo. so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.
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last might the dating platform reported fantastic quarter terrific guidance. stock soared 7% today. but it is down from the peak back in february so could this be the beginning of a larger move higher. let's talk to whitney word and to find out where they are headed welcome to "mad money." >> thank you so much for having. it is a pleasure. >> we're talking about revenue increases 38%, bumble app revenue 55%. people were looking for less than that. what caused you to have such astounding and surprisingly good numbers? >> so first and foremost, demand looking for love, looking for friendship, looking for connection this is just a fundamental human need and our platforms are trusted, they're safe, and we drive this opportunity to find connection in one of the loneliest times in history and we're seeing this insanely
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productive growth both through areas where lockdown is still taking place, but also in these markets that are emerging out of the pandemic and we're very, very pleased with our performance. >> i think there were people who felt that the delta variant could stop you and people that felt that the pandemic is not a good time. you've called out several times in the conference call, that indy of all places have strong numbers f. it could be strong in indy, you could imagine there isn't anywhere in the world it wouldn't be strong. >> yes actually during some of the darkest times of the delta resurgence, we were seeing growth rates of 60% year-over-year so this just reinforces to find connection and love in the moments of isolation and this is just universal this is not just in india, this is happening both in the united states but also globally. >> i think it may be universal but you bring a special sauce to it you call it machine learning i think a lot of people think
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machine learning what, does that have to do with love but there is some chemistry to love. >> there is chemistry to love. it is all about the customers. and the customer is coming to aur platforms and finding what they're looking for. we have very dedicated teams that are continuously optimizing machine learning to help you find better, more meaningful matches and our brand is trusted, our brand is a brand that has your back we put the customer first. so when you mix our brand with our exceptional product offerings and our world class machine learning offerings it really served up healthy and equity connections and relationships which is such a fundamental need for humans around the globe. >> let's talk about safety and health to me that is what your company represents first and that may be a special reason why you're numbers are accelerating as around the world they realize this is the safe way for women to meet people >> that is absolutely right. so everything that we've done from day one has always been with the woman in mind
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how do we make a woman not only feel protected but how do we optimize the experience for accountability, for authenticity and for safety through the product and this is a brand that women trust. you saw our exceptional growth with women and paying customers that are women and this is really ultimately the go-to for safe and healthy relationships. and what is so exceptional about our product is that we offer more than just love. and i think that is exciting to investors, this horizon of social discovery and our brand gives us permission to be that leader so as we look across the globe, we're seeing a lot of green chutes with people that both looking for love and plat onic relationships and this is very exciting. >> and i thought that bff you talked about in the market in the conference call and i realized that could be a great advertising vehicle. that is where i want my ad to appear a safe, good place for friends. >> that is absolutely right. and it is all about community and these communities that are
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forming on bumble bee bff and the product is quite amazing so you when i this about optimization behind the scenes to serve this audience with a dedicated product offering to give them the ability to find not just one to one friendship but to build community around one to many and many to many this is very exciting and there is a huge opportunity down the road both for subscription model and advertising as well as you mentioned. and then this creator economy. so when you look to the future of monetization of bff, this is a very interesting opportunity that we've already proven that the subscription model for love is a remarkable one and we continuously optimize and innovate with that. >> but you also talk about how you love growth. and you love growth horizons and you talked about, yes, m&a and plus bumble brew you have brick and mortar, maybe a safe place for women to be
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able to go to. >> that is right when we think about m&a we approach it from a unique lens how could we reach more audiences around the globe as i said, our mission at bumble inc. is to help communities find healthy and equitable relationships around the world so that opens up a really interesting growth horizon both from a build and buy perspective because we have so many shared resources and the central infrastructure where we could optimize our pre-existing products as i said earlier there is such a sensibility with bumble app for women and for badu but we have the opportunity to build new products and also buy new products and then when we move to the coffee shop, so this is very exciting, we certainly are not in the could have shop business. but this is a remarkable opportunity to brand our experience in the real world we have seen that people want engage with our brand. they wear our shirts, our t-shirts, they wear our hats that is never been done before
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in the dating category so because we have this really unique woman trusted brand, why not give them a safe space to go meet in the real world matches could meet, business connections could go and have a coffee, friends could go and have coffee together or share a meal and this is a great opportunity. >> there is a lot of people short your stock 12% of the float is short. from the beginning i thought that was dead wrong. people try to force the stock down and as i was on tv, i said this is a great quarter. i'm girbeginning to think of th all of the companies to get a meme like following, strong demand among 51% of the population obvious flywheel wherever you go and aggressive accelerating rerve growth as more people hear about you, this is a company that could have accelerated revenue growth for many quarters. realistic? for many decades
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for many, many decades and this is a forever company. this is a for ever brand and we are just getting started we do not play day by day. we are here for the long-term and we create impact helping people find the loves of their lives or their best friend or that next business opportunity, that is a life-changing company. and to be able to do that with equitable and healthy you know, that mission of healthy and equitable relationships at the helm, this is needed globally. when you look at the need for women to find good empowering relationships, the global tam is remarkable and so i agree with you. we personally love being underestimated it is a great place to be and we just keep our head down and wee keep being customer obsess and keep being mission obsessed and we're hear for the length run. >> next time we're talk about the two tiers and how that is loved too and all of the innovation you keep doing. but that will have to wait because we've got to be running out of time. but whitney wolf, founder and ceo of bumble.
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congratulations on just a terrific all around quarter. >> thank you so much such a pleasure to be here >> guys, this is a one inexpensive growth stock that many people are underestimated as they seem to underestimate her. i'll tell you, that is a real big mistake. "mad money" is back after the break. >> i'm on a boat up next, the ceo of brunswick. ♪
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some stocks go in and out of style in the wall street fashion show even as the underlying story remains incredible take brunswick corporation for the simple reason that the supply can't keep up with demand giving them pricing power. brunswick just reported another phenomenal quarter i think it is a steal.
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today we got a chance to check in on this one in a more hands on way when we spoke to david folks the ceo of brunswick corporation in front of one of his 420 anniversary edition boats. take a look. >> david, we're at maybe the most exciting place if your a boater but maybe someone who should be a boater you have done remarkable things to get new people in all types. tell me about it. >> we have so many brands, we have 17 different brands and think about our portfolio. 80% of the boats that we make cost less than $50,000 so we have ane entry point for everyone we're also into pro-owned boats and we have the great access model with freedom boat club freedom has 67,000 members now 4,000 boats. it is a shared access model. you pay ajointing fee and monthly fees but it is so
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convenient the boat is ready to go and you drop it off the end. it is the model for you. and now expanding in europe as well. >> i saw that spanish acquisition. what is the up take of people who say, you know what, this is fantastic, i have to have a boat >> quite a bit and actually more recently what we're seeing is since we put brunswick boat news freedom like the serie brand, we were talking about another case of somebody who used the serie freedom and bought one going out of freedom. now what we did find is that most people who joined freedom are not in the market for a new boat they want this particular access model. so we're not cannibalizing our new boat sales really but if people exit freedom, we want them to get into a brunswick -- >> from my advantage, i keep discovering new technology, obviously you have filled these boats with convenient technology
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that is surprising and awesome. >> and you know, there is more coming i think right behind us here is a boston oiler with triple 600 horsepower engine. >> which is insane. >> we love it. but just inside the engines, first time someone has put a automatic transmission you control the boat with a joy stick. everybody who is ever gamed in their life could control a boat like this. so we try love me technology but we want to add value for new people coming into boating who might not be as familiar with the traditional controls this suddenly looks familiar to them whether it is the cameras, whether it is gps, whatever it is, they're familiar with it now. so that is the kind of thing that we like to add. >> and one of the things that the so-called mock on the the stock, boats very cyclical, when things turn down, people don't buy them, the multiple shrinks but navico, technology, the
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whole next wave program, all your parts and accessories, better motors, these are all the great things that are not at all tied to the cycle. >> no, they're really not. jim, 50% of our earnings now is an annuity after market p and a source. >> parts and accessories. >> yes we don't have to have new boat sales. of course we love that but even if people are using the boat, they consume oil and break things or whatever it is so that combined with people repairing their existing boats with our engines and now freedom which is really in another version of annuity, it is a subscription model, that is 50% of our earnings with the highest margin 20% operating margin in the segment. >> my wife has the license i thought she was anomaly. but you have led the way in terms of breaking the glass ceiling for women. brunswick is doing it. >> we are doing it
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if you look at our four divisions, two of them are headed by women. two of the cfo's are women the chief designer for the sea raise behind us is a woman you have to em bed that diverse night your company to get the kind of products that are exciting and entice women into boating. and having that perspective internally is essential to our dna. it is a pillar of our company. >> i don't want to harp on any eg neg negative as and you could pass on the raw costs, the demand, you can't get just -- call up and get that boat. there is enough demand, i believe you could pass on these difficult costs? >> we can. in the long-term we want to keep boating affordable that is part of what we do but we want to cover our costs and we do have some exceptional cost this is year associated with the supply chain. we have implemented cost pricing that covers those costs. >> well you're adding capacity.
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>> we're adding capacity, too. we certainly want to get as many people into boating as we can in the long-term. but absolutely, we have an opportunity right now to price to cover those costs but we price at the lower end, we try to not do it too much so we always have a long-term view >> well david folks, ceo of brunswick, symbol bc you have done i remarkable job. >> thank you very much, jim. great to see you >> coming up cox, plus premier access and more. the ceo of disney has lots of ground to cover when he joins cramer next. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that.
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there are very few stocks that benefit from the pandemic and from the great reopening but i think i found one and it is walt disney. this company just reported a smashing quarter tonight as the movie and theme park business return to normal and the online streaming business came in sharply better than expected i'm blown away but do not take it from me let's sink deep we are bob chapek welcome to "mad money. >> hi, jim, how are you? >> i don't know. look, i'm grateful because of this quarter because it makes me happy. when disney does well, we all do well 18 months you came in almost immediately have to deal with this pandemic across all businesses and yet you grew. you grew almost in every line this quarter how did you do it? >> well, i think it is focusing on what makes disney different it all started with our story telling, told by the world's greatest storytellers. we decided early on in the pandemic rather than to put it
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in neutral and see what happens to step on the gas step on the gas on the the two biggest initiatives that we have going on in the company. one is obviously our direct to consumer proposition with disney plus, but also in our theme park business very rarely do we have to put up with a situation like a pandemic but rather than take it just for the negatives and there were plenty of them, because we had to shut most of our businesses down, we decided that we're going to go ahead and transform our theme park business and reexamine how we maximize the satisfaction of our guests and our park and at the same time use it as an opportunity to commercialize parts of the business that we've not been able to in the past. so we're proud of the hard work that our entire team has done here during the worst of times. >> so, bob, one thing that did amaze me on your call you actually said, look, the reservations are strong. i felt they are a great barometer of the theme park business can you know more about
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thap anybody how it is possible that during the delta variant, hot spots in florida, that the numbers are growing and getting stronger >> consumer trust, jim we have built up a history of consumer trusted confidence. when we opened up walt disney world in the pandemic there were doubters but through things like the mba experience that we have and showed everybody in the world that we could operate responsibly in the midst of this pandemic and we've been operating walt disney world now for about a year and we're very, very proud of what our cast has been able to do. and i think now that actually builds the brand, builds the equity and the trust that a family can come to walt disney world and feel like they're responsibly being taken care of. >> now i want to talk about safety for a second. because you talk about the idea of the brand, what it means. i understand that you have a very tough policy of
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vaccinations we have frank on last night, ceo of norwegian cruise and he's being that way too how does the governor feel about your view in florida because i'm hearing that you are being very, very adamant about vaccinations. >> well, we believe that vaccinations are the key to really mitigating the impact of this pandemic. and, you know, we here at disney don't control what the rest of the world does but we have about a quarter of a million cast members that we think owe it to them to be in the public eye and we owe it to our guests. we have a tremendous relationship with the governor of florida and while we see the whole obligation to be vaccinated and mask wearing, may a little bit differently, he's given us the degrees of freedom to do what we need to do in order to protect our guests, protect our cast and stay in business. >> that means you're willing to fire people if they don't get
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vaccinated >> well, we believe what we'd like to do is convince them it is in everyone's best interest in order to get vaccinated for the greater good, jim. and the greater good includes our guests and again it goes back to that contract that we've got with our guests that we'll operate responsibly. >> fair enough now we can't overlook the fact that disney plus was amazing theres have been some talk that maybe it was peaking to me that is not the case you talked earlier about 230 to 260 million people by 2024, i'm not saying these are a layup from the numbers that i see, to me it seems like your own course >> well, we're very confident in our sub-trajectory and that is really a function as we said in our earnings extravaganza that we had last december, that we were going to really double down on our content investment, particularly across our powerhouse franchises and we're doing that we're starting to see those begin to trickle into the
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pipeline and our confidence only continues to grow as that content now begins to permeate our services and it is not just the global franchises it is the local content that we're developing in each and every countrych it is really going to be a powerhouse line up and that continues to build up the arpu so we're happy with what we're doing. >> you did raise rates it doesn't seem to have dented the sign-ups. >> not at all. our churn rate is down our retention rate is up and we're still adding subs. so it is a perfect indication of what that price value relationship is for the guest and i think it gives us more fuel for the future. >> now i was also surprised one of my favorite is espn plus. i'm addicted to fantasy football you have to know it and be on it the numbers are growing here i remember when conversation with the ceo was how come espn is weighing you down espn plus is weighing you up.
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>> espn plus is weighing us up and i believe our confidence is seeing through the indication of the right deals that we've gone out and secured over the last few months we're in pretty much every major sport, jim and i think that said something about the confidence not only about the brand, espn, but more importantly espn plus. because as you know, each one of these deals gives us the flexibility to evolve from linear and more traditional legacy distribution channels to direct to consumer and that is key for us because then as we see this market place evolve, and as we want to go ahead and be more aggressive on the dtc side for espn, we have the ability to do that. >> that clearly works. that is how we want it those of us who are addicted want it that way now let's talk about your approach. i have adam aaron on, amc.
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he tells me if you want a blockbuster it has to start at the theater. that people want to go to the theater more than ever he questioned the idea that you had a blockbuster start at home. one that many family enjoyed for $30. of course we do have another controversy. we have an actress who feels that you didn't right by her because he doesn't start it in the theater. after this quarter, the adam aarons and the actresses, maybe this is the new reality because i think you made a ton of money, it is not in the conference call but i think you made a ton of money with "black widow". >> i think there is a rapidly growing evolution in how consumers want to consumer their movies certainly there is always going to be people that love the theatrical experience. i love the experience. we at disney love it we've grown all of our franchises through the theatrical experience, but yet at the same time we know because of technology evolution and
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accelerated by covid that there is a lot of people like yourself that want to enjoy the movies at home our movies at home ignore the consumer at your own peril is what i like to say. because we understand that the world is changing and we want to continue to evolve and be on the front end of that wave we don't want to be trailing this we want to be on the front end of it. but we also want to make choices available for consumers so that they get the opportunity to enjoy any way think want to. and we think sl there is a solution just like every time this business goes through an evolution. we think there is a solution that could make everyone happen, all of our constituents invalue chain so everybody gets what they need out of the proposition but we only get that if we make the consumer happy. >> if you have an unbelievable intellectual property, just the best in the world. everybody knows that to me, what i'm hearing is you could do intellectual property without people and caution and i've seen the way that it could
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be done. it is so life like is it better to just do that, the actors and act reses seem a little finicky maybe the contracts have to be rewritten. >> well there is nothing more powerful than the characters em bodedy the actresses that play them scarlet johanson is a great actress and she did a great job on "black widow" and it was a big success as you suggest for us and we don't think that we're ever going to be in a position where their importance to us is in any way diminished. they are the dna if you will of the characters they bring these characters to life and love and affinity to the movies because yes they're action and adventure but also emotion. and we're proud to be in business with a lot of them. we've done lots of deals for our content going forward. and believe that we'll be just fine in the future in terms of
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talent relations. >> one last thing that i find rather amazing that doesn't get talked about enough. everybody is worried about the relationship with china. after reading your numbers in china, they are sharply better than expected. they still love us, don't they >> well, the chinese consumers absolutely love us and as you know, we're going to get luca, our first film in quite a long time, through chinese theatrical distribution so we are glad to have that happen we think we have the kind of content that appeals globally. history shows that and i think once again if there is consumer demand for our titles, whether you're talking about asia, latin america, europe or north america, that is going to reign supreme and we're just glad to be able to take our movies to our audience across the world including china and have a very vibrant business there. >> well to me this is was a quarter that looked like it was post covid we both know it is not post covid so you've done a
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remarkable job and we wish you the best of luck but i don't know if you need luck this is one darn great quarter great to see you, ceo of the walt disney company. >> thank you, jim. guys, look, up 11 is not much i've decided to be more bullish about it >> coming up next -- cramer is bringing the thunder and answering your burning questions in today's edition of "the lightning round. this is the gap, that opened up when everything shut down. ♪ but entrepreneurs never stopped. ♪ and found solutions that kept them going. ♪ at u.s. bank, we can help you adapt and evolve your business, no matter what you're facing.
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millions of vulnerable americans struggle to get reliable transportation to their medical appointments. that's why i started medhaul. citi launched the impact fund to invest in both women and entrepreneurs of color like me, so i can realize my vision and give everything i've got to my company, and my community. i got you. for the love of people. for the love of community. for the love of progress. citi. "the lightning round" is sponsored by td ameritrade
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>> it is time. it's time for "the lightning round. and then "the lightning round" is over. are you ready skee daddy roy in jersey, roy >> caller: hey, jim. thanks for all of the superb work you do for us out here. >> appreciate it. >> caller: i'm calling about a pharmaceutical stock i bought about six months ago that had success with a highly touted cancer drug. and at that time analysts were concluding that the $16 stock was worth anywhere between $29 to $42 i bought it in at 16 and have written this thing all way down to less than $5 today. loss of 70%. the company is terria farm. >> nothing special, sir. honestly nothing special bristol myers stock can't get out of its own way now to mike in virginia.
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>> caller: you put the boo in booyah. >> i always thought that. >> caller: go crimson. i bought this stock because i wanted the dividend but it is turned out to be a growth stock. what do you think about irm? >> iron mountain, why do people not like iron mountain it is -- a dividend has growth i think your spot on i'm liking it. i need to go to brian in oregon, brian? >> caller: hey, jim. you highlighted the speculative bio med company in january of 2020 after a huge note from b of a calling it ridiculous and how did you feel about moderna. >> moderna and crushy, i did like it at 18, 19. here is the issue with moderna you have to buy calls not common stock because it is trading like a banshee. but i believe that band sell has ukrainians vaccines next and now he has the money to do the trial so i'm okay with moderna which i will get the booster of
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september 3rd if the fda allows me michael in new york. michael. >> caller: big booyah, professor cramer once then thank you for everything you and jeff do the action alerts plus >> yes, the club >> caller: i'm a member. >> thank you, man. thank you. >> caller: so real quick, nbda, the -- >> mbda, hey congratulations to jansen wong winning the noise award for the best semi guy of the year and that is, ladies and gentlemen, it the conclusion of "the lightning round.." >> announcer: "the lightning round" is sponsored by td ameritrade >> coming up, make sense of the day's most critical market machinations in no time flat stick with cramer for a special no huddle next
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garland version or the barbra streisand or the lady gaga version. we've had a ton of ipos but i see two legitimate big time stars. two companies that could be the next big thing in their categories and somehow they both reported on tuesday night. i'm talking about dark semi and up start holdings. dark semi is like a linked in for doctors. with a bunch of cloud-based software tools to help them manage the practices up start is using ai, artificial intelligence, to match borrows with money lendering and take a referral fee on each loan. unlike most of the junk that is become public, both of these companies are actually, get this, both companies, they're actually profitable. and today they both continue to explode higher after reporting
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breakout quarters. the second straight day of massive moves. these stocks will never be cheap. but i bet they still have a lot more upside. why? why don't we start first with dock simmy simple docks this is a digital platform that counts 80% of the doctors and 50% of nurses. big pharma has to get to them and the whole industry spends a fortune on marketing my wife would have to go for miles and miles to see doctors all over the country trying to sell them a wrinkle remover not unlike botox sending out sales people are a process. and hospitals also use this platform to recruit, doctors use it to find out about new treatments and it has a bunch of software tools to make it easier for doctors to manage their
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practice including communicating with your patients and if the doctor doesn't have a phone number, it is probably dox imy. some patients will call nonstop. how about the numbers. the last quarter sales doubled year-over-year the ebidta margin came in 43% and looking for 30%. as jp morgan said reiterating over weight. no need for a second opinion as for upstart, they facilitate loans for other banks and this one up start, had has to credit risk they use artificial intelligence for loan origination and so strong that one bank suspended use of fico scores the ceo david gerrard of google made the 30-year-old fico score method obsolete as he puts it fico leaves too many americans
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out in the cold. prediction they will destroy fico as we know it. up start financials are even more impressive. the sales were up 60% and up 1018% year-over-year bet how about that even better, management raised the full year sales forecast from 700 million to $750 million after raising it from $500 million to $600 million a few months ago they made $37 million this quarter. girard wrote me a simple, ai lending is for real and i believe him even as he given to hyperbole, calling it the most transformational change in lending in 5,000 years how reading the david graver 5,000 years of debt, it is certainly a disruptor. stars last for a long time so will dom simibby and up start. put on a small position and wait
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for a pullback to buy more if you get one. they are the best of the best from this year's crop of ipos. i like to say, there is always a bull market somewhere. and i promise to help you try to find it just for you right here on "mad money. i'm jim cramer, see you next time, the news with shepard smith starts now news" on cnbc. >> these forces are being deployed to enforce the safe reduction of american withdrawal. >> american withdrawal in crisis thousands of u.s. troops deploying back to afghanistan. kabul in jeopardy. americans urged to leave as the taliban takes over. covid's origin the wuhan lab leak gets a second look the new information and the
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