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tv   Mad Money  CNBC  October 8, 2021 6:00pm-7:00pm EDT

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about 85 to the downside volatility on these are expensive. i would suggest going out to december and look for a put spread >> good to see you for the week. we will be back next frida my mission is simple to make new money. i'm here to level the playing field for all investors. there's always a bulwark in summer and i promise to help you find it. "mad money" starts -- now! hey, i'm kcramer welcome to "mad money. making friends, making some mun. my job not just to educate and teach you, but call me or tweet me@ me@jimcramer not sure what to do? how about doing nothing? unfortunately people cannot
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resist doing nothing and trade and trade and same in addition beating to a pulp. i felt about the discouraging payroll report never heard of the delta variant. knew we were going through a severe outbreak, people would rather stay home and that go into work these weak numbers shouldn't have come to as a surprise to anyone it meant jay powell is given a pass to avoid tightening in the face of the delta variant and gave up with the dow dipping nine points and nasdaq losing .15% why? oil prices took off again sending flow back into the energy stocks. look, same list i keep giving you. devin, chevron and all went nuts today again.
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every time that oil goes up 50 cents, still, this week recover from an early sell-off finished strong enough to go to the indices with a decent head of steam what's in store for us let's look at the week. all right. next monday is meme madness day, because we get the box office results from "no time to die." and no one else cares at all about being the son of brooklyn. i do all right. if the bond movie is strong runners and gunners these meme apes, their word, not mine, will bid up amc relentlessly. one thing for certain. bond does well tweet to limit about those box office numbers once had 70 million views. the kind of guy not shy how his shareholders make out like bandit if the trajectory
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continues. even though they like to bet against the man. amc stock overvalued by mow metrics, sure i said at the conference last week the stock is worth what people are willing to pay for it the answer is higher if the bond box office is huge next up on tuesday, we hear from a company that, it's only $30 billion. listen to me a proxy. a proxy for industrial growth. im's plies everything to build something. barring new developments of course from washington you should expect traders to go overboard. you should see the fast money. not "fast money" but fast money -- on wednesday it's almost impossible to determine how the market will react to jpmorgan's results this is a well didn't return company in the habit putting out terrific numbers but terrific @and not to justify the run in the stock typically not. yet overanxious traders bid it
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up right? between 6:00 and 7:00 in the morning. only to be bogged down by other traders who hate it. find a line they don't think is good haven't bought jpmorgan by now, you can afford to wait see what happens blackrock reports too. a huge asset gathering almost as if they have a monsters port i say that numbers wouldish considered much better than expected even though not knowing what the numbers are. i don't know a soul that believes they won't be excellent. blackrock saves its stock. itching to buy something for a trade this is the one. reference incredible knop matter what can put a blank number and people would draft it in the first round. next up airlines seem to be talking every day. like they can't shut up. delta reports wednesday morning still people will be surprised how bullish they are about prospects of return of international travel and done quite a bit of flying since the pandemic peak i've seen planes get more and more full go to europe, though, conscious of the green pass.
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showing you're vaccinated, e could use it over here but don't have political will. de delta air would do a lot better with a passport policy to handle the delta variant. i asked commerce secretary about it, she said not in the cards. america is not as aggressive on this pandemic. so far behind. of course, take the whole live or die ecos literally. and you've heard of the investment here on cnbc. go like this -- can you see it over here? this is it see? hmm? hmm? you know so if you want to -- that's how i think. right? it's like, look, this is the rehearsal. when you catch the later one, much stronger. if you want to see us in action read our reports next week on morgan stanley and wells fargo two positions reporting thursday morning. numbers get unbiased analysis wall street won't give you
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doing this a long time we give it to you in plain english how good or bad the quarters are even if we screw up we say it. no analyst ever does that. give it to you in the time you need to make a considered decision pride ourselves on that and work for you not the big institutions not trying to encourage favor with people who run these companies. that's curry, like, you know -- the accent i'm betting morgan stanley's results amazing, and wells fargo's not as bad as it used to be good news for both -- banks had a big move but behind the broader market in terms of price term ratio lionel financials and oils stock get hit next week we're going to be buyers i can tell you that. thursday results from bank of america and citi group we know citi remains the consumers and bank of america, breakout long-term going stronger,
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interest rates what they need to move the needle hearing from dominoes. it's important a winner since we said buy it at ten about a decade ago i think going to beat numbers again. delta variants made people hunker down again in their homes. try the no cheese button, try it hit it a second time big boom for delivery of pizza doing the best and walgreens, horrible stuff. wonder if anything would move it up however, the stock's down so long, kind of looks up to me any positive news could send if higher i can't imagine what the positive news could be people who run it maybe have an idea if not, i'm out here hammering the heck out of it on friday goldman sachs, i expect -- under control. management strong. thinking i'm pretty cool people going back to strong. even m & a limited by a government that suddenly cares, antitrust doing well
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goldman sachs tracks earnings. don't chase it invest club members compare all banks make shurg we have the right ones if we get it wrong we will own our mistake as embarrassing as that is. i don't care finally, jp hunt nation's third largest trucker reports friday and hope they can explain what's going on with finding truck drivers. it's a nightmare pay them more! trucker shortage in america. pay people more. maybe that's one reason downgraded here's the bottom line still at thetail end of a historically weak moment and a lot more later in the show know need to be a hero next week unless we get a very steep sell-off based on ex-och kniss shock with not much to do with the economy. right now not so hot maybe kind of cold jobs report is just right going into earnings although i expect total case-by-case trading, all next week.
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love -- joanna in florida >> caller: boo-yah, baby been a longtime listener anyway callining about blackstoe a darling a long time. a one-year chart hardly took a dip. went up to 136 in september. now down to 116. i bought it at 28 in 2018 and have a lot of shares of it o'wanted to know what's happening to it? >> well, the kinds of stocks rolling over a lot of people feel a lot more deals happening. othering moving on to another part of the cycle. my take. you have too much of it. big gains. i need you to -- play with the house's money by
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taking some off the table. you'll do that on monday morning, please. sounds like you're a very nice person who likes me. i'm give ug that go to stephen in new york. stephen! >> caller: jim, thanks for taking my call. >> good to go. what's happening >> caller: calling on behalf of my and your second biggest fan my sister lisa in st. augustine, florida. >> wow leaped right over my two daughters. but that's okay. i mean, they have mixed emotions go ahead about the show, i mean, about the show >> caller: i love the new invest, game changer. >> club is fun we make love in the club -- not really i have his book by wait. right here and see that just in the bucket >> caller: recommendation or the firm that was magical, thank you. >> caller: my question with the recent partnership between crowdstrike and -- what are the overall benefits going forward
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for crossstrike from the partnership? >> i worry about them. i love george, really do pate oh alto never commanded a better model palo alto. i do think if you buy palo alto right here you have all bases covered beside the path. catch aurora fan not coming in at all why? no flies on t-a-n-w. susan? >> caller: welcome to my favorite -- i love you, man. calling from land. giants and dodgers hey, i want to tell you first about your investors club. first switched i thought, shoot. another paying thing then the other day noticing there's no charge. you announced on the air why you were doing that. actually makes my heart very excited. >> holy cow. >> caller: investors new and old. thank you jim for that. >> thank you it's time. reached today where it's just time
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that's like, no commish! don't want your money. give you analysis i see, i don't play for dinner. let's go to work >> caller: so about five weeks ago talked upstart bought some. down a tiny bit. i note the stock is nurnl. your f unusual what is your -- >> thank you for the kind words about the club, everyone think about it like this i think this stock reminds me of shopify at 200 and got to 400 and i said, ah, know what? a big win. no much more. upstart on everything! amazing. this one is the way. artificial intelligence loans, it's the way to go how about those nice people that like the club? look, it's worth it. it is worth it i'm just getting started you don't even know what i got going down the line's. right now in a seasonally weak period of the market
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no need to be a hero just right for earnings. watching the troubles threatening the holiday season how do we make sure all of our presents appear under the tree or i'm talking private player flex hear more about the success and our ports and what it takes to fix them for the last 21 years late september through early october has ban toueen a tough time for market we're bouncing back, what's next going off the charts to find out. a few weeks ago stopped me on elements solution. turning homework on the stock to see if this specialty chemicals company can create an interesting opportunity. just might stay with the investing club and stay with -- cramer >> announcer: don't miss a second of "mad money." follow @jimcramer" on twitter.
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send jim san email to madmoney@cnbc.com or give us a call missed something head to madmoney.cnbc.com.
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by now you've heard about all the huge shipping delays all over the world especially across the pick gigantic backups causing tons of supply shortages for regular viewers you knew it was coming we talked back in june, a software company using gaming to manage logistics. said it would get worse before
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it got better. it certainly has gotten worse. now coming down. figure out, is the worst over? more importantly, what can we do to make sure it doesn't happen again? check in with ryan peterson, founder of flexport to get a better idea where we stand in the shipping crisis. welcome back >> boo-yah, jim, thank you for having me on. >> glad to have you here you knew it was coming you say if they have it then i know they have it. >> definitely have it. seems to be getting worse and worse by the day. >> really? even though we hear things maybe china slowed a little, making it even better. the jam-up, the number of boats in, that are in the pacific, just getting worse right? >> yeah. i mean, right now there's 51 container ships waiting at anchor not unloading. waiting offshore in long beach a little better than last week it was 72.
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the week before, 45. hard to say it's getting much better seems to be about the same. >> okay. people tell us, 77 now back -- you're saying that's not the way you analyze the situation? >> a spike pretty bad reality, 51 ships. it's usually 0 where we want to be. shouldn't have to wait pull up to the port and unload the boat. >> why aren't they getting this thing solved >> a great question. not sure we have the catchall solution unless we get the whole industry together solve this a complex systemic problem systemic problems are, market failures, hard to address as a single actor within the chain. >> we know that the solution will be technology when we hear situations as i hear, oh, truckers aren't using their slots. they can't unload this or that, that says one or two things. either as as if we're back flb
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1950 and have a rambunctious group -- or hold it. haven't put our minds to this. figured out technologically to make it go away, and that would do it. i get the sense you've got solutions to problems that we keep hearing about don't have solutions? i think long-term solutions that require major investments and probably government action by automated ports or i love the idea of a boring company company to not drop containers right into los angeles, they have to get on the 405 and stuck in traffic right away bigger picture things about dredging, infrastructure and real things but that takes too long we don't have time 78 days until christmas. got to get the products into stores and consumers' hands. my daughter is waiting for her presents and we don't have time to work. short-term solutions involving technology, and maybe at important as anything is how do we get the whole system to work
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together on the tech side, if you look at it right now a truck driver has to come way speck container number and pull up to the port at an appointment slot that is given to them >> right. >> that means the port has to figure where's that container? probably buried under hundreds of other containers in the stack. very inefficient got to get to a technology place where the drivers can show up, give them first container. picture south weft get on the plane, people got to go. give them a container. mobile app showing where to go all right built, have sew change contract relationships and change the nature of some things. >> you have it already you have what we need? >> hey, know what? i'm pretty sure we can solve this don't have a lot of time 78 days. >> right. >> and frankly, a big part of what it means everyone recognizing how important the mission is now. >> right. >> put me in charge of everything, which would be a fun
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job. one of the first things i would do, why are we doing this? christmas is coming up only got 78 days we need to remind everybody why we're doing this, all of these truck drivers, everyone. work in-house the next 78 days figure why we're doing this and drive the trucks out of the part. >> listen, costco goes rents its own ships. is that smart? >> hard to say the big quo -- pretty smart in the short-term big questions companies doing that how do ocean carriers who own those ships react? kind of competing with your vendor at this point. >> yes. >> i don't think they're going to be super thrilled, because costco and other companies not able to rent the ships for everything therefore, will they be able to get space on the other ships that already exist or say, i'm giving the space to whoever didn't rent their own ships. >> right right. now, i keep hearing that even if
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we move all wait around. went to baltimore, went to philadelphia wouldn't matter. why is that? >> well, it's a much longer journey. a lot of ships too big to goama. not the right vessel type. reduce capacity in the network remember, ship needs to turn around go back and pick up more containers. >> right right. oh, boy. look, i think that what you're describing about the idea of just having technology of knowing where the container is, it's kind of shocking. i think most people think they already had it >> i think we all expect that the world works like the way that the, logistics world and commerce works the way your electrical grid works. flip the lightswitch you're controlling a power plant generating more electricity just for you. not what happens when you buy something. you buy something actually behind the scenes are people placing phone calls emailing
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excel attachments. pretty old school way of working. we're trying to bring the participants together give them a plat perform technology can connect them to one another to drive efficiencies across the chain and much better reliability out of the system. >> hate to say it, seems like ration in ratio rationality is not triumph fant. wait a second. think about 2022 i mean -- >> it's a disaster for customers and businesses out there if we don't make christmas, when you make your money. call it black friday turn in the black right before christmas season without that i think the american economy's at rick and trying to get growth going, keep the growth, most important thing in the economy in the world, really if we're all, our economy is healthy we can pay for everything else people want. if it's not, really disastrous >> look, fair enough glad you're doing -- i wish you
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had better news for us i'm glad you set us straight that this thing didn't get better overnight thank ryan peterson who first alerted us of this problem long before anyone else told it thank you so much. santa -- ah -- i don't know. santa port santa -- flex? anyway, thank you for coming on the show. >> my pleasure. >> look, this thing is not going away good news you heard might be tech error not good news for us as an economy. "mad money"'s back after this. >> announcer: coming up, boozie from a september swoon let the leaves be the only thing falling this october cramer sources out seasonality, off the charts, next
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the last 21 years the period come late september early october has consistently incredibly insistently been the absolute worst period of the calendar i've spent the last month warning about this period now it's coming to an end and averages bouncing off los. so what? i started warning you, legendary larry williams -- [ applause ] -- larry's a brilliant market historian and chartist technician trading stocks futures since i was an acne-covered kid desperate for clear zil even maxup eastern max factor written more than a dozen books, but this is a, what you would -- the businesses of what have you done for my business is very unforgiving.
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lately truly keep going back to him nailing the bottom last year when most investors completely gave up the market his advice eerily right now pretty much hopefully digested it, pretty much so now that the late september sales trade comes to an end, start buying not so fast. set the stage. williams is a master of coming up with forecasts based on either seasonal appearance on non-seasonal cycling he spots in the action beginning of the year showed an unusual forecast for 2021. look at this all right? pretty exact this is general road map for the stock trajectory this year no indication of a bear market at the time. his forecast a bullish year. the most part dead right predicted buying opportunities in april and mid-july. exactly what we got. predicted usual september meltdown exactly what we got. now this forecast with another prediction
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a major turn to the up side. near the end of october. just look at williams' forecast paired with the dow jones industrial average stunning how close so right full disclosure, i don't like to leave in the charts. i'm a fundamentalist at heart. make stock decisions bottoms up how the under lying businesses are doing. like it or not, this often works and always include in my thinking can't afford to avoid a powerful tool because in theory it really shouldn't work we don't need no stinkin' theory some dismiss the charts at astrology. if i knew any astrologist who could make money in the stock market, i'd like their work, too. larry is no astrologist. my invest club works because i don't want to be on the other side of it okay in the end, we don't need to know why the method works. we only need to know williams
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has been remarkably accurate in predictions and now pointing to a terrific year-end rally that could start. don't get too bullish yet. when exactly is soon now we take a look at the chart of the market's true seasonal pattern from data -- this is going to surprise you. data from 1923 through 2020 y points out going by the calendar nearly a century, stocks rallying around october 29 doesn't always happen, but on average the period from late october, don't say 29. use late october, through late december typically strongest time of the year for the market. in the past short sellers consistently punished and longs consistently rewarded. i think you've got to approach this the same way we approach that late september swoon. historically the worst time of year for decades we told you to be extra cautious didn't know why the market might get hit. right? knew it was a period of heightened rick when the market
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is fragile maybe that's all we needed the same logic, can't tell you why stocks might rise end of month. williams showing us headed into a period of heightened wars. as if the pieces that come out viewed possible? not just a seasonal pattern. williams likes to hunt for non-seasonal cycles. patterns that repeat take a look. right now the most active cycles a 47-day cycle and a 150-day cycle. according to williams growth forecasting a meaningful low -- at end of october. so we've got two different chart techniques both from the same album. called confirmation. get specific remember when he predicted late september swoon? williams told us that the best time to sell historically on september 17th i hit you with that, like a mallet over and over and over again. it was right then had you to close out your
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short position opening roughly 14 trend right. how about the end of october trade? what's the best way to buy the s&p futures if you want to play this according to williams bought s&p on the 22nd trading day of october using a 2200 stop loss order and holding a position for three days, would you have made money in 18 of the last 18 years. come on! all told the trade made you about 16 grand however, held longer, six days, after she goes down, only would have made money in 17 out of 18 years however your total gains nearly doubled in short a reliable trade with longer term legs one problem. how do you buy the s&p on 27th day of october when this year october only has 21 trading days wouldn't that be november 1st? williams said same data first trading day of neff, pattern's even better. bought the s&p futures on first trading day of november, 2,400
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dollar stock order, held two days, made money the last 31 years gains run to 18 grand. if you bought on the first trading day of november held six days trade a little less reliable only worth 30 out of 31 times, but total gains jumped 42 grand. more than doubled. will this pattern continue no guarantee work in 2021 but worked the last 31 years and was on a roll last 18 months i wouldn't bet against him maybe i would start it earlier maybe i would. maybe start it in, maybe, through october, bottom line we get closer to end of october and beginning november the chart interpreted by the legendary larry williams suggests the stock market could really roar maybe it's time to get a little more constructive as we near the historic glory days. bill in florida. bill >> caller: hey, jim. i have most of my retirement accounts invested in vfc stock. >> really?
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>> caller: it's -- you can see it's done nothing in the last few weeks. >> yeah. >> caller: what do you think about the outlook for that >> um -- i wouldn't sell it here got almost 3% yield. um -- i -- i don't want to sell it right here but there are better powell stocks i don't want you to pan it but i do want you to think as it gets higher you should lighten up on the stock. all right, look, these are really incredible things i know i think about this with my investment club we're not traders. always cognizant when you get a year over year end of october, well, i'm interested charts interpreted bylegendary larry williams suggesting it could really roar getting closer to end of october early november much more "mad money" ahead. whmp a viewer called in a few weeks ago and called about a solution, i was stuck. turning in my homework now that i looked at it, a chemical company. kind of like what it's got then the government and the
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you know that if you belong to the investment club driven by the homework whether in the club or on the show before earnings season is in full swing next week got to catch up with homework here. when i can't answer a question i take time, do research, circle back
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a more considerate response. my memory can't remember three weeks ago nathan in pennsylvania asked about a company called element solutions, si i knew a specialty chemical company i didn't really know kind of felt i knew, but at least it turns out i just knew it by its old name, platform specialty products this was originally a blank check company set up by martin franklin a longtime friend of the show made investors and hopefully you, too, a fortune back at the old jordan even had these guys on the show a couple times way back in 2015. not long after the company became public and started acquiring smaller specialty kem c c c chemical then got burnt down to early digits by 2016 the stock didn't do much bulk of the next years and forgot about it
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branded elementsin 2019. however, business gotten real good real fast since the economy turned around. surged mid single digits to just under $23 today including a 30% gain so more importantly how do w know it won't fall apart as it did five years ago understand, when the company back public in 2013 platform specialty products we were in the golden age of roll-up it's blind check companies becoming public trying to consolidate and industry making acquisitions that was there game plan did deals in a short period of time and old ceo ridiculously but jovially promotional the stock in 20s came on the show claimed headed for 200. i said, 200? he said, yeah, 200 anyway -- then the federal reserve started raising interest rates making it more expensive for roll-ups to borrow money and headwinds went through damage to
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platforms and markets. agriculture melted down electronics hit. offshore oil totally collapsed automobiles peaked a rough time for the cyclicals even tougher for roll-ups. platform stocks pulled apart during the same period when value went under huge pharmaceutical roll-up, similar mod's. then made a ton of aggressive acquisitions and paid for it when they ran out of targets and interest rates went higher and product specialty products sold in the high 20s, we gave up wasn't worth the trouble however, starting a few years began to turn itself around. 2019 sold their risk to life science agriculture business and the company supported managerial shake-up bringing in a young, new ceo decided to focus on autos, electronics and graphicsened reran the business as element solutions the new element solutions specialty with complex products other manufacturers use.
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make a silver-based dye used as adhesive in semiconductor production get 63% of electronics 30% come from industrial and specialty including autos, high-speed printing, high-design faucets to chemicals let you transfer a images on pack amps pretty diverse maybe too diverse. element solutions seen the stock come back for the single reason all end markets are indeed better after seven straight quarters of negative organic growth the business turned around in the fourth quarter of last year thanks to booming demand for cars and smartphones two of the most important end markets. since them not only the company organic growth turned positive, it's accelerated in a big way. first quarter element solution hs 11% growth. amazing. second quarter 30% keep in mind up against easy comparisons. for the last three quarters element solutions delivered a
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series of better than expected numbers but the company consistently getting excellent guidance, too, and rolled out in fourth quarter of last year five cents per share bumped up to six dplen cents. not the point. the important thing companies don't raise dividends unless feeling really confident about the future element solutions has its balance sheet under control. didn't like that either. could finally afford to make modest acquisitions again, play offense. beginning last month bought a specialty chemicals company for an industry, $500 million deal amazing how many there is. one of the things going for it all together they have a lot going for it who wouldn't want a company with all of this right now? the company a lot more disciplined than when it became public kind of like a drunken sailor. what do you do with the stock?
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pulled back from highs over the summer element solutions trades earnings estimates too low a slight premium to tu dupont and element solutions a steal if you believe its end markets can keep going personally not in love with a conglomeration of businesses it's too hard. that's impedding oil production. not good news for esi. i don't like that hedge bet. bottom line, solid turnaround story even if there are cleaner ways you got that to put in a small position here and pulls back, buy more a neat little company. i don't know if it's going to 200 but "mad money" is back after the break. >> announcer: coming up, a storm is coming. so give us a call. cramer's got the answers to all of your burning questions "the lightning round" is next.
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>> announcer: "lightning round" sponsored by, td ameritrade. it is time "lightning round." what's up? sell, sell, buy, sell -- then the lightning rounds are you ready? lightning round, and jerry >> caller: yeah, jim how ya doing today >> doing well, thank you how about you, partner >> caller: really good a lot to take. kind of stalled out. going down, down, down seems to be a little stall now. got the great tip you gave should i hold it or -- get rid of it. >> the 30s should i removed at 120?
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i don't know my thinking doing a great job. and what you have to do ride it down a little and then buy a little more, but not yet let's see if it can find a bottom go to josephine in california. josephine! >> caller: boo-yah >> boo-yah >> caller: my call -- >> saying, boo-yah. >> caller: your thoughts on this stock? >> so high ford, investing club, right about this, has a position in. i like ford more than lucid. ammario in massachusetts ammario! >> caller: boo-yah, cramer. >> boo-yah. >> caller: get my phone. all right. thank you for your insight and analysis, sir, you helped make me a lot of money over the years. thank you for all you do. >> thank you. >> caller: my stock, what to do with my position in lpsn live person. >> live person -- live person -- you know what?
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have them back on but they did lower when they were reporting's may say they didn't, that's the way i read it and why it ain't going higher mark >> caller: boo-yah, jim. >> boo-yah. >> caller: looking at novacare. >> a wild stock trades on every single approval that it gets i still stick by the fact that it's a device that is given people many more years of life not backing away from it robert in connecticut. robert >> caller: jim, boo-yah. club member. how are ya >> thank you for joining the club what's going on? >> caller: moderna, bought it when the explosion started, and significantly lower. made serious money off of it really concerned now that profit is gone. down 150 points -- >> look, got all excited about this one and it's now, i think, kind of peaked we got to threat come down i don't want to touch it yet i have to tell you
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look, it's time of the oils. that stock will actually go up in oil starts going down kid you not. and conclusion of "the lightning round. >> announcer: sponsored by td ameritrade. coming up, is this bizarro world or has a can-do attitude taken hold in one important area of washington. find out why a friend of the show is just a woman president biden needs in the commerce catbird seat -- next. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests.
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club with jim cramer g get the move it's jim is making before he makes them join the investing club right now. in pro football they have a very simple saying -- let's get this done! in washington it's the opposite. we can't get it done but every once in a while you get a sense congress might actually accomplish something important. that's happening right now with commerce secretary's big push to get $52 billion to develop new semiconductor foundries in the u.s. foundries making much needed chips for american manufacturers. think auto companies
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a long time designed chips here, reigned supreme. over time like many other businesses semiconductors started outsourcing with much cheaper labor costs. we down compete. and chips as global foundries have a lot of manufacturers overseas when you look at the industry as a whole, we now lag far behind taiwan, south korea and for decades, that was fine now we've got a severe chip shortage and proving our own foundries is way too fragile the secretary knows this a business person. it needs to change and championing the $52 billion in the infrastructure bill set for the semiconductor industry by this point lost billions of dollars in sales because of not enough chips they're not the only ones. same time chinese government knows this, too, and they're not our friend they know america is way too dependent on semiconductor
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production we know about what the auto industry needs taiwan is a close u.s. ally. really close we need to do everything to protect them from china's provocations including encoachment on aerospace many don't seem to care about our economy would be devastated if we lost access to their chips. i was encouraged us troops stationed there helping train their '. somebody gets it we were told this morning, time senty semiconductors and can't stay that way. i said ford would be, everything can be made at these new foundries really good jobs here in the u.s she said many others would join too. and soon going public, latter being a possibilitybecause customer needs everything they can get. if the last year taught us anything, we don't have enough industrial capacity in this country. anything the government can do to change that is a gigantic
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positive ford our nation of course it is washington construction jobs might be u unionized but semiconductor foundries run and built by other facilities but aren't because they sell at such low price points poor use of production capacity. plus maybe the bill just doesn't pass, rely on congress, right? however, i think this is one area where you need the government to coordinate, because the appreciate industry is not getting the job kun too big. losing too many good jobs because the world doesn't have the capacity to make chips nobody want to build a foundry for cheaper ones, gross margins way too low versus ones that go into, say, the data center, the cloud. seems like about onnious time for the government to step in. no one else is taking them on. not an nfl coach did star in rugby. a much rougher sport i get shes gets it done and hope marks the beginning where public and private partnerships in our
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country. used to call this kind of thing industrial policy. our trading patte epartners do d why they've run circles around us for decades we should do it, too i like to say always a market somewhere. i promise to find it for you right here on "mad money." economists thought things were getting better but now we get the numbers. i'm shepard smith. this is the news on cnbc >> i see 194,000 that is real low >> the jobs report misses. hiring slows >> maybe it doesn't seem fast enough we're going to make it faster. >> cause for concern or another bump in the road. the committee investigating january 6th now threatening criminal charges against steve bannon as the white house blows a hole in the former president's legal strategy

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