tv Mad Money CNBC October 15, 2021 6:00pm-7:01pm EDT
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that does it for us. we will you back here. meantime "mad money" with jim cramer starts right now. >> my mission is pimple, to make you money. i'm here to level the playing 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 want to make friends, my job is not to just entertain but to temperature you so call me or tweet me has the gloom, gloom that issen
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shrouded us, has that at least been busted? we have a very care back-to-back bull market show great earnings, thank you goldman sachs and the dow jumped 382 points after by big gain yesterday. nasdaq advanced. meanwhile the government has lifted the ban on foreign travel and approved vaccine booster shots. both of these are great for confidence because covid remains the biggest drag on this economy. now of course this is a what have you done for me lately kind of business which means next week we have another gauntlet of earnings all over again. so right to the game play. monday we get results from albertson's. typically i don't like supermarkets the margins are too low. but albertson's keeps expanding its margins. i think we stick with this one i like it since it became
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public tuesday morning we hear from two best of breed operators, write these two down, j&j and proctor and gamble i think johnson & johnson will tell us that its lost the liability issue with the establishment of a new subsidiary to file bankruptcy to manage the claims but that will allow us to focus on the new drug pipeline. as for proctor, i bet it goes like just pepsi co and you could buy them both ahead of the quarter but so you know i prefer j&j we have a slew of airline numbers coming this week with easing travel restrictions i think they could tell better stories than delta did this week they try to talk about the future while avoiding the past especially the last 90 days, you should go by southwest air but i
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think united is the better play. on tuesday there is netflix. now this stock has been roaring thanks to "squid game" and from south korea. it dominates the water cooler clatter and that means netflix should have a ton of new subscribers. aum the more impressive when you consider the show wasn't that expensive to make. astounding company, isn't it also on tuesday, ulta beauty, after spending time at the flagship store in manhattan, wow, the story is still too good to ignore even up here wednesday starts early with results from the semiconductor holdings we know there is a gigantic semiconductor worldwide and you need them to manufacture more of high end chips the technology is so cutting-edge that our government blocks to sell their products to china. if asml gives you insight in how to solve a chip shortage, then
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we get deeper into when lamb reports. but by the end of the day we should feel like we have a dire situation especially if the people's public of china keeps the rhetoric about taiwan. the largest semiconductor manufacturer is taiwan semi. they delivered a great quarter this week. igniting a chip rally. let's hope china stops pressuring taiwan. also on wednesday, we hear from one that -- abbott labs. an earnings shortfall because they made these fantastic at home covid tests but we thought that we had the pandemic under control. and then delta hit and they've been flying off the shelves. i have a dozen of them i wish the abbott labs could get back to the greatness of the medical devices which is why we owned it for so long for a
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charitable trust and you wand want to know more, by investing in the club we put up this qr code and we have to some portfolio names and cogent data for next week delivered right to your in box shortly. and then the telecos now we want to know about new subscriber additions and we want a read through on iphone sales because they give you the iphone sales and that will boost appl sales but i don't think we want to own apple or verizon. you don't buy stocks that are stop going lower you buy stocks because you think they'll go higher. i don't have a calculus for either verizon for at&t. after the close wednesday, we get results from ibm now we placed this in the bull pen last week so we could get a sense on whether it is time to
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pull the trigger for the charitable trust you know who will have a blow out quarter next week, tesla, that's who when you see the raising numbers, the numbers will be insanely good and i would bet on tesla. i hate to use that term but tesla is a good bet. then we have two rails, with csxond wednesday and union pacific on thursday morning. we're be all over these two because i'm betting they could tell us about the supply chain failures i we'll hear that things have gotten worse not better. get used to it we need more technology and more better paid people to be involved in this logistic chain in order to end the nightmare. and thursday we hear from chipotle i think it is a going to be a terrific quarter this stock could be headed to $2,000 something i now have been saying for 1500 points. the brisk has been a total home
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run. you don't get to have to get into the [ inaudible ] and i don't know if the ceo could deliver that lift. i say stay long amd and nvidia that have dethroned intel. then there is snap parent of snapchat online advertisement is gaining ground it is sweeter than twitter i bet it could continue. friday has three that i want to own. honeywell, american best and schlumberger i think we'll hear that that is what we like so that is why we've ahave this position -- an americans did well during the lockdown and imagine how much they could make plnow. they're getting a better than expected numbers as for schlumberger, a price of crude at $80
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maybe it will go to $100 crypto crates, crypto currency advocates are going nuts about how the s.e.c. might grant an etf or two for bitcoin futures and it might be as early as tuesday. they're bidding up crypto and beating the etf will spike in interest i think that interest is coming right now. not after after the trade and it is too heated. i'm thinking of selling some, not all, but some of my ethereum but we've had an amazing couple of days. since september i warned that the market hits a rough patch and it lasts through late september and early october. but once we get through the midpoint then we have to get more sang win. here we are. the calvary is finally here to save the day gregory in california. gregory? >> caller: yes kind sir.
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>> good day. >> caller: i called you just over a year ago on the same company when it was traded around $1,200 a share and you told pme it was a screaming buy and i'm an educated club member and i bought it and rode it up to almost $2,000 a share where it was oh, about a month ago so thank you for that. first of all if i sold it, i would have named my new jet ski cramer. but i'm an investor here i'm not a trader and especially with this one the street had to go up to 3,000 so i was surprised to see it collapse, not 5% like the rest of the market or 10% like other stocks but 25% it went down to the mid 14 hundreds on no news. >> i could tell you. i was an investor in the e-bay of latin america that is too hard but the reality is that we care that it is a great company and
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it is doing very well and i think you're fine in it. i need to go to michael in new york >> caller: booyah, jim, how are you doing today? >> i'm doing well. how about you. >> caller: thank you for all you do. >> you're welcome. >> caller: i have a question about the stock fubu i'm a 23-year-old graduate from the ohio state university, and it shows a saturated streaming space that is very new and seems to be growing as i'm a current subscriber of fubu and the recent partnerships with the nascar, the jets and pay safe, do you see growth potential with the earnings on november 9th >> think it is too speculative for me i signed up for a green bay packers game a year ago and canceled immediately after i saw the packers game i don't think it has staying
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power. now finally aip light at the end of the tunnel. after getting through the seasonally rough patch in late september and early october, we have to get more sang win at the end of the month now it is time to be constructive again on "mad money," i'm breaking down all of the action and which stocks to consider even up here. and then the fda advisory committee voted to approve a covid booster shot for moderna and i'm finding out why you might have amazon to thank and the averages end of the week on a high note, prepare for what is to come i'll be the judge of that when we play mi diversify so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets
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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. don't like surprises? [ watch vibrates ] proactive notifications from fidelity keep you tuned in all day long. so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity.
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from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. now that we've heard from all six major banks, it is time to run our quarterly check in on the financial sector because the banks have reported first and so important for the economy, they set the tone for the entire earnings season it is the reason the market rallied so hard. so let's start with jp morgan. this was a little misleading quarter was solid but the stock came in so hot, up 31% for the year so jp morgan was down four
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points and it was good and at one point up a dollar and those have erased because of the rest of the group jamie dimon did a good job and they had negative loan growth in the consumer business even as management believes that will improve. at the same time dimon said that he'll spend, quote, whatever it takes, end quote, in order to fend off the competition from the financial tech space where companies like affirm are branching out from buy now and pay later and cash banking accounts. >> that means they're getting more promotional with credit card there is nothing to write home from or sell the stock could have rallied a couple of bucks but not when it is compare with what i'm about to tell you. next up we heard from four of the biggest banks.
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bank of america was the star of the show by far. they reported a quarter that was beautiful and simplicity, came in much better than expected, up 12% year-over-year and overall expenses were flat which translated into 58% earnings growth glorious leverage. ban bank of america deposit base grew and standing at $1.9 trillion because they're winning so much business from the terrific online banking platform which i use and love. even bank of america's four main divisions did better than expected and i imagine they could feel confident about the state of the consumer. but the consumer is very flush no wonder the stock jumped 4% yesterday and another 2% today going forward remember that bank of america is the most levered to rising interest rates if you think long-term rates could keep climbing as many on wall street think, this stock will be unstoppable. it is now at $46 and change and i think it won't be above $50. next up let's talk about the two banks that we own for the charity trust which you could
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follow by joining the cnbc investing club i want you to join with me and we're going to have fun and learn a lot. and i'm talking about morgan stanley and wells fargo. i love the stock of morgan stanley because they've been transforming itself into a wealth management business and you could kind of see, i don't know if you could see the consistency just from this, but this is a business that is much more consistent than investment banking. look, they still have good trading underwriting and the m&a. but some new report of a top and bottom line beat of great consistency. wall street was focussed orn the investment management business they came in a little bit in what you expected but they were so strong say versus everybody else that the stock did great. and it didn't initially. initially it sold off. but i think that was a knee-jerk reaction and there was a ton of news but you have to look for
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it even better they're expenses came in much lower than expected although they still have room to run here when i spoke to james goreman on squawk on the street he remind pd us that morgan stanley has a big buy back that could help the stock and it ended up more than $2 and rallied another dollar today despite a downgrade from rbc capital. when a strong shrunks off downgrades it tells me more about the stock. it can with stand. it is trading less than 14 times earnings and after the big push in asset management i think one day it will sell at 20 times earnings so there is not a little room to run, there is a lot of room to run. wells fargo, some people gave up on it foolishly yesterday. not us wells is the worst of the big banks. but we own it for the charity trust?
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why? because it is a turn around and they exploded rallying 7%. think that came because ceo charlie sharp has put the scandal days behind them and now it is ready to play offense. anyone who dumped it yesterday, probably kicking themselves. it is a terrific stock and as we emphasize to the investment club and you don't want to sell and if it comes in we're going to tell you to buy more if your a club member. if wells fargo is the worst of the big banks, citibank is the second worst it doesn't give you much to get excited about. it is not bad. it has been flat since early march. while citi came in better than expected, it did have some issues this quarter. the consumer banking business saw the revenue decline by 5%. including -- that is excluding one time items down 5% even as expensed were up 5%. kind of the opposite of bank of america where sales were up and expenses were flat as expensed went to pay for city to transform itself.
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james frazier is still getting the benefit of the doubt as she should there were no real set backs so the stock rallied and it still feels like it is in the low 70s but it is very inexpensive and selling well below the average intangible book. and finally listen up, because i worked at this place, goldman sachs reported an incredible blow out today it a monster sales in earnings beat normally when goldman crushes the estimates, it is greeted with one time only and sure they did the great but what will they do next quarter. but the stock jumped nearly 4% because wall street is finally learning its lesson. goldman has made so much money even if they didn't make a single penny in the fourth quarter, this would still be their best year in history think about that the best part, even after today's colossal run it is down $15 from the august highs for just over ten times earnings and going higher plus given the goldman sachs recent track record i won't be
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surprised if they smash the estimates in 2022 the same way they did in 2021 is the stock a slam dunk you can never say that but it is good and at wunt point if i made a mistake, leaving goldman sachs, to start my own hedge fund and then on tv but autoi'm happy. but the big bank changes the market it is clear that the economy is in a much better place than we thought it was and so are the old dog institutions learning new tricks just a second. b 24 b 24 never mind let's go to guadalupe in new york >> caller: hey, jim, how are you? i'm a -- member. >> the club. we want to you be in the investment club. but go ahead, what is up. >> caller: i have a question for allied financial i know the interest rates might be going up and is that a stock
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to hold or to sell since i made over 100%. >> look. >> it is a great rebound stock, it is reminding me like wells without the rebound. and if your that much you want to cut it in half and ring the register and play with the house's money for the rest of the game well done. well played. banks set the tone for earnings season and the strength is a huge reason why the market has rallied so hard. these are so much better than expected that they put a lot of new money into the market place and maybe things will be good for the numbers that the economy is in a much, much better place. now we have much, much more "mad money" ahead surely you know amazon and the e-commerce business. and don't make a move tonight because i'm highlighting amazon web schss with the division ceo. he does not do tv. he does this show.
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full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. ♪ earl: - hey barista: - good morning, earl! narrator: - since our beginning, barista: - there he is! narrator: - we've looked to inspire and nurture each other, by asking what's possible? what's possible when we connect? office worker: - coffee's here! narrator: - what's possible when we come together. female 1: - kayla? female 2: - oh. is it ok to hug? narrator: - when we open our hearts. female 2: - this is like the best date i've ever been on. narrator: - when we grow together. narrator: - after 50 years, we've learned that possible is just the beginning. so, should all our it move to the cloud? the cloud would give us more flexibility, but we lose control. ♪ ♪ ♪ should i stay or should i go? ♪
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everybody is worried about amazon e-commerce business can hold up in the face of very tough comparisons versus last year, remember covid which is why the stock is barely up for the year though it did rally 109 points today but the big story isn't the retail business, it is aws. this is the business that invented the cloud computing industry and aws still dominated
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it today and the most recent quarter the sales actually accelerated from 32% to 37% at this point if aws were independent it would be number 54 in the fortune 500 between volaro and boeing. so what is the secret of their success. today we got a chance to sit down with the ceo of amazon web services, you might remember him as the former ceo of tabloid software take a look. >> adam, you run one of the most exciting companies on earth, within a company and i want people to know how fast you're growing, you have accelerating revenue growth and what you would be as i stand alone because you have a gigantic enterprise that you run. >> aws has become big. it is almost a $60 billion a year company last quarter we grew about 37% year-over-year but we, i think, are incredibly well placed as part of amazon. i think it is really good for
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customers that we're focus an owe what they need and not on some of the things that maybe stand alone companies have to focus on >> let's talk about that differentiation. there is a technology differentiation, we used to think the cloud is plug-and-play but you have to design stuff and you have chips that are special and amazon web services is not a cookie-cutter operation. >> no we were the pioneers of the cloud. started serving customers in 2006 so we really got out a number of years before really any other company did. and particularly the old car technology companies were particularly slow to side that this is something that customers needed so we got out first and then we really pride ourselves on being innovators and moving really quickly. >> right. >> so we continued to move faster than pretty much anybody else and so as a result we have the broadest set of services, we have the deepest set of
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capabilities within each service and we're focused on cutting-edge innovation. you mentioned the silicon, our designer of our own chips now which is an incredible win for customers. we have several different chips with more to come. one of the latest is called graphitton 2 which is 40% better than the comparable base chip. >> -- we had a chance to interview him and i was saying, listen, people, what is the real value proposition and he said we cut price constantly we just offer more and more of a bargain. is that still the case >> absolutely, jim we've actually cut prices, i believe 109 times. over the history of aws and most of the times have been in the absence of any competitor pressure to do so. our strategy is really we figure out how to innovate in order to lower our own costs and then we
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pass that savings on to customers in the form of lower prices and we innovate in more powerful, better ways of doing things like compute and storage so at the same price you'd get 40% performance price ratio. >> and now we had the privilege of interviewing stefan venceo before moderna was moderna and i bumped into him and he talked about a safe cracker, there is a trillion different combinations but ultimately you have not been able -- you've not gotten the credit for what moderna has done to save at world and it is pretty big. >> well moderna has done is incredible they deserve all of the credit they have get along with many of the other pharmaceutical companies and we work with pretty much all of them. but moderna was using aws before the pandemic hit and they were running their drug design studio on aws and that
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literally along with some other companies is revolutionizing the way that drugs and particularly vaccines are developed and moderna also moved their manufacturing platform, which is digital manufacturing platform on to aws and we were working with them. this is 2019, early 2020 then of course the pandemic hit. and with all of that experience and all of that capability already in place, running on aws, moderna took a -- would normally be a 20 month process just to develop the first mrna covid vaccine, instead of 20 months they developed it into 42 days >> there it is that is what happens. >> it shows you the power truly of what incredible technology and innovation by a customer, when that meets the cloud, meets aws what could happen. we're honestly just privileged and honors to be part of that success. >> well their first patient that it worked for was right at the
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bottom of the market if you take a look and no one could believe they did it so fast but they used aws. now i see i'm a huge nfl fan i see -- i don't have to play mccaffrey, but i see the fabulous ads now what are they doing in terms of why -- consumers should know it is aws or is there just a branding but it is a great ad but what does it mean for you. >> the nfl is running an entire analytic capability on aws and for consumers what it means is ability to have what we call next gen stats and there is a -- with stat app. they're fun commercials but at end of the day it is about providing nfl fans with more and better information about the game and about all of their favorite players it is good for the nfl baecause it helps them be cutting edge an
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innovative and we've been working with roger and his team there for a number of years. it is a great partnership and we're doing things around player safety so it is not all fun and games some is actually about health and we take that part seriously. >> glad you do now we first met you at tabloid and then you -- mark bennyoff merged with you. and mark i talked to him ahead of time, you left on great terms do you have a terrific partnership with them. >> we do mark is great. the whole team there is great. a wonderful bunch of people. but we have a very important partnership with between salesforce and aws, certainly long predated my coming back to amazon we're a natural partner with the capabilities that we have together and actually earlier this year we announced a significant expansion of that partnership with deep technical integration not just go to mark where data on aws could be
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automatically migrated and surfaced inside of a salesforce and data could be easily worked in side of aws and that application developers have the best of both worlds an could have a really a mesh of aws and salesforce and develop their applications on top of all of that data with very consistent identity and data scheme it is a great one for customers. >> this is part of the great digitization which must have been accelerated by covid? >> mckenzie came out with a study last year, jim, just a few months into covid saying that between march and april of 2020, five years of digital transformation happened in eight weeks. and it is stunning and we saw that in february of 2020 you didn't think you were a digital company, by april you know you were and you saw that in the upside
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and the down side industries like teleconferencing, aws customers like zoom, they absolutely took off and being able to run on the scale ability and elasticity and aws and the cloud were key for them. and of course other industries have a difficult time. travel and hospitality and the ablts to shrink the resource became important as they are trying to figure out where to spend cash so from the upside and the down side, the cloud is very important during the pandemic. but i think we'll look back at the end and say that we have about several years of acceleration of digital transformation. >> i know we have to wrap things up but you and mr. jassy worked together again. >> we did. we had a wonderful leadership team and in fact the whole team at aws, i was there for 11 years previously, i'm absolutely delighted and honored to be back and working with andy but so many of the same leaders that i
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worked with before i've got a great team and we've a lot the work left ahead of us and innovation on behalf of our customers and we're really excited. >> you've done a terrific job. it is long been the unit that i recognize as being the driver for a loll of the success coming up >> thank you and thank you for having me back on, jim. >> of course, adam aws services ceo fabulous ceo and unbelievably good company. >> coming up, master the unknowns, be ready for any market another edition of "am i diversified" is coming up next
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it might be possible that we have finally broken through some of the gloom that plagued this market we have had an incredible couple of days. a rally after a volatileseries of weeks where it was not so hot. maybe things are changing which is why it is the perfect time to be constructive and reassess where your portfolio stands right now and today we're playing "am i diversified" and you told me if you're diversified or maybe you need to mix it up. first up a video call from andrew in florida. what do you have for me? >> hey, jim, this is andrew calling for florida. right now i have about 85% of my money in norwegian cruise line and 15% swen spirit and draft kings and uber and ford, what do you think of that. >> let's take a look at that and like that deshaun jersey and those were good days
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look, the norwegian cruise is my favorite and travel and leisure play but that means we don't need spirit. i wan to pututined health in draft kings an entertainment company, i'm gnot going to say i is the same. uber is the safest of the net stocks and ford having a fantastic quarter and a great year and with the exception of spirit and this man from florida, well played let's go to massachusetts. let's go to matt in massachusetts. matt >> caller: booyah, jim, this is matt coming to you from boston, massachusetts. my top five are amazon, salesforce, coca-cola, home depot and disney m am i diversified enough. >> that portfolio is so good amazon is both an entertainment company, of course and a juggernaut technology company.
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coca-cola i think that jams is doing a good job and i like the yield. we get a little soft drink in there. beverage and home depot doughing amazingly well salesforce is my favorite of the cloud and disney entertainment king, don't worry i don't think they'll take over espn so we have entertainment and one of the greatest retail stories online and we've got beverage, we have tech and we've got a great retailer that is a brick and mortar play for large part i think that too represents a portfolio that we don't need to do anything with and now we have another one from joel in connecticut. joel >> caller: hey, jim, booyah, it is joel in connecticut a big fan. my stocks are amazon, ford, jp morgan, disney, and boeing am i diversified >> whoa, this gentleman is a member of my investment club which i urge you to join a lot of the stokes are
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investment club names. this is what my travel trust is in vested in you have real money invested and i give away the profits. so what do we have here. amazon we already praised that we'll praise it again. ford is str ving an amazing year and if they have all of the semiconductor the stock would be at 21. i think it takes out the 18 top in 2011. jp morgan did great. i know i was critical because the others have done so much better at banks. i beat myself up with boeing where is it? i almost took this out and whipped myself but oh, shoot, okay, that is how i feel and then disney entertainment, travel trust name. and retail, web services, entertainment and yes, aero space but you have to put the planes up in the air and then bank and auto. terrific i'm lastly going to betty in florida. >> good evening, mr. cramer. i'm betty from florida and i
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thank you very much for taking my phone call. i'm calling to ask am i diversified. i have stock in csx, pfizer, robinhood, zimmer bonnet and eaton corporation. and i do have one quick question, could you give us seniors advice on putting money into a stock that would deal with artificial intelligence thank you very much. >> i gotcha. we're going to do both of those things csx reports next week. it is going to be okay not great. and robinhood could go down and eaton had a good quarter not a great quarter. pfizer is good but it doesn't do as well as eli lilly and zimmer bio med is artificial knees and great parts of your body that you need and they've got that you don't so we have medical device and we have drug and industrial and we have financial and we have rail.
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i'm willing to bless that and the artificial intelligence name that you need is none other than nvidia now you don't just name, okay, your dog after a company if the company isn't a great one. "mad money" is back after the break. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping.
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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. david in texas. >> hi, thank you for having me i want your opinion on a tock that i think is good for the long-term. but it has come down quite a bit year-to-date, grwg. >> it skyrocketed and we decided enough is enough we rang the register and never looked back. to jim in new york jim? >> yeah, hi, jim, happy friday. >> same. >> hey, i'm looking for an entry point you were talking up a stock a couple of weeks ago and i'm looking for a good entry point for bio haven. >> i think talking about bio haven since they helped me just
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helps me control my migraine problem. i'm a huge spokesperson for the american migraine foundation and the bio haven pill is extraordinary. and that is enough to be able to continue to carry this stock ever further it is called nur tech. if you know someone or a loved one have a problem with migraine and check out this drug. to lushy ano is washington. >> hey, i'm cramer how is the booyah doing today. >> holy cow, it is me. he told me to chill. what is up >> jimmy chill, i have a quick request and then a take on a stock. i feel like you'ra little hard on david every morning i think everyone on the "squawk on the street" needs to start with ladies and gentlemen, your celebrity guest host of jeopardy, [ inaudible ]. now quick, this company just --
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>> go ahead. >> sorry, this company just reported negative earnings last week but i feel like the stock will go to $50, $60, what do you think about accolade >> oh, man, this is terrible i feel like they were put in jeopardy and you stumped me. i have to do some work and i'll have to come back. i love you i love your attitude and your shstick or whatever. i need to go to sam in massachusetts. >> i'm hip deet in american outfitters with a cost basis of $31 and the contrarian in me, i want to double down. >> i want you to double down this is a very big travel trust. got 3% yield matthew boss one of the favorite stocks right here. it is one of the reasons we got involved because matthew is such a great analyst. he's from jp morgan. they have a great story and it has been without a doubt -- and here me opine on things as i
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admit i was early and wrong and now three with the unusual growth stock i'm not going to be -- let's say i can't be sang win. but i am excited about the p prospect of the future as i'll communicate when i do my talk with the club not long from now. richard in california? >> caller: hi, jim, great show i'm calling about the only -- the only medical company that is -- and images is the heart and soul of all good medicine and insurancer payers are -- with the cost of the 75% lower big pharma needing images for the new blockbuster drugs for the alzheimer's drug and the baby boomers and the small float coat company and revenue and earnings going higher and the third quarter coming out in three weeks is a great quarter and had a nice pull back. >> all right
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>> it is called rad numb. >> what? i misnamed the stock it is come down a lot but this is the kind of health care stock that you like. and that, ladies and gentlemen, is the conclusion of "the lightning round. >> "the lightning round" is sponsored by td ameritrade before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪
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earlier i told you think cryptocurrency is getting over heated but i remain a big believer in digital currency, why? because the youngest believe it is the best value away from the dollar do agree with them sometimes more than others what i think doesn't matter. what matters is i believe that they believe and that is enough it is why i own ethereum but i'm considering lighting up some, i'll keep a core position. for the longest time i said keep 10% in gold from economic chaos for inflation and a little more than a year ago i heard from younger people about how bitcoin and ethereum were better than gold and i'm took the plunge and i'm i'm eagerly awaying what sec and there should be one more pop and that is when you want to ring the register my guess is that the game has
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been stolen before the etf launches that said, if you're worried about inflation in the basement of the dollar as i am, legitimate worries for the first time in ages then you naturally want to own something other than u.s. dollars crypto is that something it is a speculative high risk, high reward way to guard against inflation. gold peaked in june first. it hasn't been working as an insurance policy as all. it is not the only thing that young people could teach us. when you ask them where they want to tore their cash. they don't name a bank, they say paypal or robinhood. they regard these as digital wallets. they feel like de facto banks to me but they're less regulated and gives them more opportunity to do things. younger people don't trust the traditional banks. if you came of age in the wake of the financial crisis, maybe you won't need it. but a big deal to have a brick and mortar entity to show up and deal with a banker that knew
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you. if you're not getting any real service if you go to paypal and you don't have speak to anybody. [ inaudible ] reportsnext week and i'll tell you how they've won over a lot of millennials. with their zel payment platform giving venmo a run for the money and i'm shocked that younger people don't seem to know history. if you need to leave your home in a hurry, you want to preserve your assets. gold remains your best friend for that physical gold. but then they don't think like that all that matters is that younger people keep breaking with the financial order and that is the biggest reason for the strength in paypal and square and there is a firm that can't buy now and pay later f. grew up with the internet why would you want to do anything in person when you could do it online for younger people used to doing
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everything with a click of a button and speaking to no one. paypal makes it easy maybe that is why we have such a big position in this one for the charitable trust and why i keep telling you investment club members that it is a buy right here, right now. i like to say there always a bull market somewhere and i promise to try to find verge of walking off networks and studios scrambling. the impact to the industry and your favorite shows. the j&j booster shot, endorsed by fda advisers. >> the data just boosts protection so much higher, above 90%. >> but what about mixing and matching other brands? the panel takes up the debate.
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