tv Mad Money CNBC November 2, 2021 6:00pm-7:00pm EDT
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>> i am going to roll the dice tlt, you can do it ahead, assuming the rates go lower. >> i liked lyft my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere. i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. i am trying to make you money. my job is to entertain you and educate and teach you. call me. on the eve of tomorrow's federal reserve meeting, after seven
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straight upticks for the nasdaq, we have to wonder what does jay powell have in store for us? are we getting too greedy here many investors, especially the really rich ones, believe that fed must slam the brakes on the economy immediately to stamp down inflation they want jay powell to cut out the bond buying and rates and crest the spiral and rising prices if you own alot of bonds, that would be fabulous. these big money guys, in my college days, i would have ld call them overlords. believe that jay powell is asleep at the wheel. worse, they see him trying to engineer a tight labor market but it scares the heck out of business owners. as the inflation needs to see it, powell is a softy. and his policies will only ruin the poor as well as the rich
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which is absurd. but the problems escalate to ridiculous places. my view, the whole debate is besides the point. what powell knows is that we've got shortages everywhere and they can't be fixed by sending the economy into a tailspin you can't get more wheat or corn or semiconductors or oil and gas by raising interest rates i wants to let the situation play out before he does anything extreme that might create havoc in the economy powell wants to give everyone a chance to get a decent job isn't that a nice idea kind of luike the constitution wealthy investors can see the bonds payout gets he roded by inflation, no the in the constitution s that so wrong let's bring in the context of what we learned this earnings season what we learned the last night's interview with the commerce secretary. no chips you might have seen the craziness in avis, the rental car company today. you saw the stock, i he don't know if you saw it, stock ended up doubling. started here 108% gain. kind of a pit stop up here
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the short sellers betting against it and capitulating in a blaze of glory it's not unlike what we saw in game stop. no one is talking about it enough that's why i'm bringing it up right now. it's amazing how wrong some of the bearish hedge funds can be i'm am amaze they had would sho stock. they're just not enough of them. we don't have the cluphips to rp up production. the biggest conglomeration of autos can be found in the rental car companies. this has been a terrible business and there is always a surplus of used cars. but there are no cars now. certainly no surplus cars. the so when avis reported and delivered an extraordinary set of numbers, they earned $10.74 wall street was looking only for $6.52. get this the short sellers were so palpable they sent the stock to
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$5.45. that is gamestop at $400 it was a short seller's nightmare. you're up 100%, they're down 100% just like gamestop got a boost, avis' is because of shortage of cars there are no cars to be found. that has nothing to do with the federal reserve. it has to do with labor market and the semiconductor shortage let's start with labor bosses, rank and file have spoken we're not coming back to work the way we used to deal with it millions of americans have left the city for the suburbs because they know they have to commute to the office. bosses can't make them they can't when you leave the city though, do you need a car to get around. so demand is off the charts. unprecedented. almost everyone in the industry, everyone except tesla is caught looking the wrong way. we don't have enough semiconductors to ramp up new car production and alleviate the
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shortage remember, you're typical new car might have 150 semiconductors in it if there is only 149 of them, they can't make anything the federal reserve cannot produce that last semiconductor. now at some point we can see demand destruction, not long ago the conventional wisdom was that the housing market could keep booming. after a slight increase in mortgage rates, we had a shortage of housing. look at the no it alls at zillow yeah these guys got in the housing game there is a game all right. they realized they were losing money all over the place now they dump 7,000 houses exiting that business entirely why? because they didn't lus ento us as we yell at them constantly about, no, no. they were going down in values speculators chicken out. of course this is very different from 2008 when speculators from regular people with no
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documentation or no money down this time we're dealing with i had idiotic hedge funds. you know that traders run out of steam. that brings me back to the autos. it is possible that cars become too expensive. they'll turn to mass transit or stop moving from thecities to the country. that's fine. that is the premarket in action. we'll see big oil and gas companies cutting back they're cutting back capital expenditures to minimize the carbon footprints. that pushes prices up. that will not continue forever jay powell recognizes it's a matter of time before the oil and gas producers step up the drilling that will leave the issues because it is a by product of natural gas. hoy about corn or wheat. how about rain maker in chief. i say go for it. jay powell is not in pharma. all he can do to stamp out high
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food prices is raise interest rates that will cause people to lose jobs so they can't eat as well if he turns to that as prices going up, i'm willing to take the hit. i know people continue to bet against this market hoping that powell will do something f foolish. i see shorts all over the place. they're being taken out kicking screaming. two companies we told club members and investment club members to buy into the weakness or bed, bath and beyond which looks like another gamestop. that is bby. it could give you some good strategic news after the close and the stock is getting blasted. the bone headed moves won't help the short sellers. so the bottom line, if this market goes down tomorrow, that
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shortage is not going away any time soon. simply aren't enough chips to be had and there is nothing the fed can do to change that other than destroy the economy. which is a lesson of solution for fed chief facing reappointment or not let's go to terry in virginia. >> hey, jim. >> what's up >> caller: i'm calling to talk about chipotle it's at a flat run trading below 50-day moving average. pe is around 72. after recent earnings beat is this an entry point or should we wait my daughter had one in north of albany she didn't like it
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there is one right near us downtown wall street he said it's not so good maybe there is execution issues. i myself think that chipotle is doing well and remain a buyer. let's go to llewis in californi. >> i'm calling about shopify do you think they can continue 30% growth rate? >> i think both these companies have terrific growth paths because they are the backbone of the new economy. that is something craft oriented that seems like it is made for them michael in texas michael. >> caller: jim, i keep missing that easy 100,000. i missed the snowflake from 200 to 300 with 1,000 shares the missed the 1,000 shares. and i want to know if i can keep
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the is,000 shares of disney at $169.70 and hold on to that with the subscriber news and the bad news coming out of china with them shutting down the parks it's not going to go up like this if anything, it's five down, $15 up that's why my travel trust owns it we like that ratio it should be owned and we are buying it as it goes down. notice i says addi said as. can we speak to sonya. >> caller: boo-yah, jim. my question is about upst. upstart. got bad news lately. ever since that bad news it's gone up and down, up and down. i bought this stock back in
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august at $142 just want to hear your thoughts. should i buy, sell, hold i cannot say enough about that company. by the way, some companies are just exploding down. and i think that we'll have to write about them for my investment club product. man, they're getting crushed and interesting points are coming and we're buying them on the way down if the smashgt down tomorrow, thanks to those who blame j, there are buying opportunities to buy on the best themes. on mad, dupont reported a quarter that sent the stock over 8% today i'm pleased to report with the charitable trust next. and estee lauder finished wildly in the green. so could the makeup kingpin add a touch of beauty to your portfolio? and how about the shopping center reporter better than expected quarter giving a boost there i'm getting rid of the space what is on the horizon for the
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we own dupont for the chuild of trust. the chemical played by the rauzing raw costs. and then this morning the ceo ed green dlufrd a good quarter and soft guidance. it may trigger a selloff not this time. what happened after. that on top of the quarter, dupont announced they're buying rogers corporation for $5.2 billion they make engineers components to specialize in industrial supplier to to terrific end markets. they caught fire ultimately finishing the day up 9% could this be the beginning of an even larger rally let's take a closer look with ed green, the executive chairman of dupont find out more about the quarter and this impressive deal welcome back to "mad money". >> good to see you thanks for having me >> ed, if i had to summarize what happened here, you basically overnight went from being a cyclical company with a lot of raw costs and at the whims of the economy to a secular grower with little worry
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about raw cost and faster growth rate >> jim, this is the last big move that i feel we have to make we want to be compared to the best in breed multiindustrial companies. when you benchmark us and do a pro forma the last five years with this newport folio, we outgrow the best multiindustrial companies on the top line. our margins are 300 basis points better than the top group at 27%. and more importantly, to the point you just mentioned, we took significant cyclical out of our earnings going forward and benchmark the class there also at 10% peek to trough earnings it was a major, major move for us to get to this point. and, of course, we added a great acquisition today on top of it they have a lot of core technology behind it >> listen, no longer the chemical dupont.
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i think you're not less and less a chemical company but more and more a high end growth company there is legacy brands that i think you'll be automobile to sell for far more than people talk about is there any way that you can see big numbers for some big old brands that we all know around the world? >> we have a lot of the great brands we use it for medical packaging. by the way, it was a key products during the pandemic year it was in health care settings so it's a great brand. we love it we're going keep it. it is high margin, nice relevant business and our product we're very, very proud inform dupont is kevlar which protects a lot of front line, you know, the police, the firefighters and all that. and it's a great product we're very proud of. >> we're keeping koran by the way that, is picking up
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nice lows of the pandemic. it is used in a lot of commercial construction applications and the markets are coming up very nicely. >> yeah, i like corian it beats my wife buying marble i think it's more durable than marble he is selling some auto. and then buying oochlt i keep telling them is you have a different auto exposure. a better, a futuristic auto exposure so maybe he is explain it or not the same >> yeah. so, look, the rogers port groel is incredible. they're really high in technology which ties right into dupont and the areas they're actually growing the fastest. it is about a third of the portfolio right now. they're very big in the electric vehicles and autonomous vehicles that market, jim, is growing 20% to 30% a year. so they have a lot of great wins coming in that space and then they're very big and have a great presence in it advance. and they go into all the
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vehicles especially into all of the ev vehicles. so we're moving into much higher technical product areas and much higher growth areas. we're the future of the next generation so we really like that positioning. and then rogers has phenomenal positioning in 5-g base stations, wireless infrastructure, consumer electronics. one area we really like is the clean energy product line. they do a lot of technology and wind, for instance, we're picking up a lot of great technology here. again, it meshes perfectly with the large presence we have on our electronics business here at dupont and on top of that, remember, we just bought another company for $2.3 billion on july 1st of this year it brings it more great electronics technology the portfolio is very broad and, you know, really the biggest out there now. and the key is we can serve our
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customers and solve problems for them that most of our competitors can't. >> if you make a sale of the other asset that is for sale, it's not like you won't have a lot of proceeds. i don't want people to think you liefered up. you did the open sut >> yeah. no, we have done just the opposite so we're spending 5.2 dwlr billion to buy rogers and we'll, you know, close on that probably in the second quarter. we announced today that we're selling a bulk of our material and mow bilts division, our m & m group and that's about a billion dollars of that. so we're going to get quite a few billions of dollars for that the reason the sale works and not some other strategic move is that our basis in the company was raised up during the dupont merger we're going to pay tax under 10%
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on this deal it makes the sale very, very shareholder friendly for us. and we'll leave us after we do both transactions with a fair amount of cash left as we go into the late fall of 2022 that we can redeploy. >> well, i think it's terrific remember, value could be dividend it could be more buyback and this is a remarkable transaction. i was very glad on the call when somebody asked if you were done. you said no. that means you're staying and that's what we need. ed green, executive chairman, ceo of dupont. really great to have you on the show >> thank you, jim. >> all right travel trust owns it we were worried. we had to admit. we're not worried anymore. we think this one is wayner still. maybe going to all time highs. "mad money" is back after the break.
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a big company reported a set of numbers and stock opens down hard then we have a conference call upon further review, we know it is a fantastic quarter today we saw that stirmy in estee lauder. the makeup and personal care kingpin and the stock is in the travel trust just tremendous sales and earnings driven by growth in every region, every product category the they're notoriously conservative when it comes to forecasting. the this time it's no different. the guidance was weaker than some expected. and they even slightly cut the full year sales forecast that's why the stock opened down 3% this morning. we told investing club members to pounce. sure enough, once they got rolling, management sounded much
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more upbeat than the forecast. so they made a rapid u-turn and finished the day up 5% i think it has more upside let's dig deeper from the visionary president and ceo of estee lauder and professional teacher and mentor to me to learn more about the quarter welcome to mad money you taught me can you have good makeup, good skin care, maybe good fragrance you have everything this quarter. how did that happen? >> that's happened first of all our strategy is called the strategy of multiple engines of growth which is about making different invests in different drivers of growth. depending on how the market goes, a drufr can always be strong even when some other drivers are soft in this case, you and i talked the last time we were together on the show, we talk about the
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advance. we had very clear in mind when the user of normalized after the covid-19 recovery would have been coming back and makeup would come back. that's what happened, majrle in the wparticularly in the west there was incredible because we came back back to school back to university and all the user case of growth the market back. and we were ready. ready to leverage the moment and ready to serve our consumers at best in this bill. >> okay. so there was a theory going around that if the chinese were against conspicuous consumption, they didn't favor gambling they didn't want the huge moguls making lots of money some thought that they could be hurt because maybe there isa crackdown in makeup and skin care it seems that the exact opposite happened despite covid and outbreak of covid-19 this was the strongest
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grower in china. the party is okay with people having good skin and putting makeup on. >> yeah. first of all, the chun he's consumers are very passionate of beauty and our customer is the chun he's muddle class. the chinese middle class is growing and is very, you know, engaging in beauty more and more beauty continues to be an area of priority for the chinese muddlmud middle class now i was surprised to see brick-and-mortar didn't come back strong. what do you they is behind that? >> brick-and-mortar came back again because the story opened people went out. there was a moment during the quarter. even though america in europe people were so energized to be
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able to be back and have a normalized life. brick-and-mortar really picked up and that's also good to see how at the same time they continue to grow. it was not one or the other. it was a continuation of growth and brick-and-mortar at the same time again, showing the possibility of activity and multiple engines of growth is what we did in the last quarter what is the secret hund a much better gross marge unthan i know many were looking for? >> we do continuously some very good cost savings. we continue to optimize our business during covid-19, even the big pressure we had, we did even more efforts tore business optization second is our mix. our muchl is strong. the new channels, the new
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innovation in products, the new consumer segment we focus on, we tend to make sure that the future is in profitability that means what is new and not less profitable. so the growth is a way to continue profitability that's what happened s our mix our mix is improving every day >> boy, i think that also you are -- maybe it's because reverse mentor your great program you're a huge user of stainstag, snapchat they're working. how do you know about the channels and how they use them >> i know about this channel we have this amazing program the young people of our organization mentor us in a reverse way the senior leaders, all of us, all the senior leaders. so, yes, deaf nuttfinitely theyu aware of the new platforms and also frankly the young consumer
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wants and overall today the generation aspire to so we are led by a lot of people with experience that are never, never touch, never touch, never lose their touch with the reality of the market including the young people very exciting. >> it's a brilliant idea i hope all of this will do it. ways also thrilled to see that ulta which is such a beautiful display of estee lauder, sephora kohl's, these were extraordinary in the united states not the macy's channels, they're working out well for estee lauder >> yeah, the channels are working. obviously this quarter was only the beginning, really the month of september we saw the beginning of growth in this channel. in the new channel but we believe there is a lot of potential. a lot of potential for the future and at the same time, the
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specialty moves to channel and also sephora is the base channel is growing well and is developing well. so ery, very good. and again, on line continue to grow they continue to grow. and so there is a very special quarter in north america is probably our best quarter in a long time. and this was not only due to our amazing retaining partners, but frankly also from the great execution we did imagine that in a period where there is a lot of supply chain distraction, a lot of supply chain issues because of covid-19 and different parts of the world, we were ready with our holiday shipments. most of our holiday shipments will be shipped to the people already in the game. which is rare in this moment >> well, look, i want to congratulate you on just a remarkable quarter everything worked. you have done such -- you have been such a great steward of the brand. that is president and ceo of estee lauder. of thank you for coming on the
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show great to see you >> thank you great to see you thank you for having me. don't forget what he said about reverse mentoring, listening to young people about what they want "mad money" is back after the break. >> coming up, want to get real about real estate? cramer's got a stock that can give your portfolio a new lease on life. next [uplifting music playing]
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holidays, you know it's the most wonderful time of the year for retail you would like to own a real estate investment trust that does retail. something like brooks moore property group they open 400 open air shopping centers. kroger, publix people are fleeing the cities for the suburbs. this may be retail space that is working. no wonder the stock rose from $6 from spring to $24 and change today. it jumped to a multiyear high after they delivered an excellent quarter last night they still pay you 4% yield. thanks to the dip in hike they announced yesterday. so can they keep running let's check in with jim taylor get a better read on the corner. mr. taylor, welcome back to "mad money. >> jim, thank you for having me. >> okay. it's been a little bit since you've been on i was thinking that maybe you can refresh us it's been two years actually about what the strategy is and particularly because you got a
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great anchor strategy that makes it you have good growth and conserve tough people in your stock correctly. >> thank you, jim, we own 400 shopping centers across the sauchlt. we're one of the largest landlords to tjx, burlington, kroger, bellwether retailers and about 60% of our spaceis devoted to anchors it's about 40% devoted to small shops. we really are focused on a value added approach to investing in the shopping centers capitalizing on a low rent basis to put capital work to bring in it better tenants at better rents to really drive out performance. >> i wish -- i need you to go into that more i no he that the near me had this happen. you basically have the leases. and then it looks like the plaus goes dark a little bit people have to recognize is not
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that brick & mortar is in trouble, it's the opposite can you get a better tenant in in and everybody benefits >> it's really great, jim. for example, near where you grew up at ivy ridge, we replace an old tired with a new urban target not only did we get a great return on the capital we unvest to bring target into that shopping center, but as you can imagine, we saw follow on ben fut in terms of lease up of the small shops as well as an appreciation in the average market rent for that shopping center we nvested about $600 million at a return above 10%. impacting over 150 shopping centers across the country really driving not only great roi but great follow on groenl which was something that we talk a lot about this quarter i think the market is really beginning to appreciate how this value added strategy outperforms
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not only in normal times but through disruption as we capitalize on that low rent basis bringing better tenants at better rents and drive very attractive risk adjusted returns. >> at the same time, i think that you are immunized from what a lot of people think is e- commerce but your places are set up to be able to deal with any e- commerce threat. >> well, you know, the pandemic really showed the durability and resilience of our portfolio. these tenants are necessary to the communities they serve they're very proximate to where people work and live so it provides a compelling low occupancy alternative for retallers that rouse particularly through the pandemic the importance of a store to their multichannel strategy in serving the customer and, you know, we're seeing that demand in our leasing pipeline today, jim, in terms of not only what we have signed but to
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commence and also our forward leasing pipeline as well again, with the very best retailers who now fully really appreciate the importance of this store and the strategy in serving the customer >> let's go back to the situation like an ivy ridge. you're right i grew up. what happens is you have an a & p. you have a lot of second and third rate stores near i'll go get a cup of coffee. i stop at chip oooltle and get brisket. you have enough stores in there they don't go to just one store. >> exactly that center truly becomes the center of that community it's no longer really a bricks more property. it's your shopping center. as you mentioned, it's where you go to work out, it's where you go to grab a cup of coffee, shop for that meal.
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you know, there are many uses that these centers can serve for the communities and the retailers that tenant them. >> you know, one thing i like when i look at yours, i get my ideas. i get my stock ideas i saw you went five below. i think it is a real outfit. i want to look at five below i was obviously interested but once i see you guys go in with ollie, not my favorite. my wife said much better than the previous place and home sense makes a lot of deal sense burlington is another one i got from going to one of your shopping centers. it's pretty clear you have the best of the best that america has right now in retail. >> we're very fortunate. our centers are well located and give them the proximity to the customer that they desire. much it's a very exciting time for us, jim, as we continue to improve our portfolio and
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capitalize on great follow on demand from these best in class retailers at you mentioned not only the national and regional players but the great local concepts including philadelphia's own chicken feast which is done very well or iron hill brewery you know, there is an opportunity for us to bring in the right mix. the truly connect with and serve our community and drive the very attractive return while doing so it is part of that value added strategy i referenced. a part of what makes briggs more different in the sense we have older well located centers with attractive rent base that's allows us to bring in these great new tenants, we can make money doing so and then benefit from the follow on traffic and leasing and momentum that these two -- these types of tenants create for our centers >> i want people to understand, it's hard to get a good solid 4% without concern. i'm not concerned at all about
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bricks & mortar. i go to the philadelphia eagles. i want to thank you so much, james taylor, president and ceo of bridgeport. this is a keeper i love yield you should too great to see you, sir. >> thank you, jim, i appreciate it >> "mad money" is back after the break. >> coming up, a storm is coming. so give us a call. cramer's got the answers to all your burning questions the lightning round is next!
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it is time it's time for the lightning round. buy, sell, bay, sell, buy, sell. and then the lightning round is over are you ready? stephen in new jersey. stephen? >> caller: yes hi, jim. i'm calling from livingston, new jersey >> not familiar with livingston. that's okay. what's going on? >> caller: okay. so when biden made a speech, he would like to build 500,000 charging stations. so my question is it a good time to invest in charging stations, blnk >> they're all pretty good something does happen in washington, not so good if it doesn't which issy think they're too risky for me to recommend. i learned my lesson. elaine in illinois >> caller: i'm so thrilled to be talking to you, jim. >> thank you >> caller: i watched you since your kudlow days and you helped me make enough money that i can leave it to my children and my grandchildren and charity.
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>> thank you thank you. you should join the investment club you'll have a great time >> caller: i'm 90 years old. i know you're 30 years younger than i am. but you are my bff >> wow my wife will be jealous about anyone that is nice to me whatsoever i will will take it. i like elaine. >> caller: okay, the stock that i'm interested in is mind cast it filters out spam, so they say. and it's mime. >> one of the hottest stocks you know what? go for it! go for it. you know it's in the right spot. thank you so much for the kind comments whoa boy this is hard lately i hope you'll join the club. now you want to go to jay in hawaii
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jay? >> caller: hey, jim, aloha from maui hey, just want to get your take on heartland express >> i don't know what to think about this stock the stock is at a low. xpo just reported a number of people didn't like it. i think we have to be careful. i suggest you go with ups. by the way, they reported a terrific number. we still believe let's go to bob in illinois. bob? >> hi, jim thank you for your help. i'm questioning awr. that is american -- >> it's a very solid grower. it always looks like it has a low dividend the stock is always doing so well i like the company people have been buying it for years. they can sleep at night. let's not be done. let's go to michael in california michael? >> caller: boo-yah, jim. >> boo-yah >> caller: i'm calling in about
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the stock backed tech holdings >> this say mean stock i'd rather actually, you know, the new posture on the mean stocks is a no comment that way nobody gets hurt. and it just too -- life is too short to comment on a mean stock. let's go to vincent. hi, jim. thank you for your help. >> i hope you voted. i hope you voted today >> caller: i did vote. i won't tell you who i voted for. >> i don't want to know. it's a private thing i just want to make sure you showed up. what's up? >> the stock is zenz it went public this past summer. and had a price target of $3 from from goldman sachs. >> yeah, why don't people like this let's get casio bob on i don't know sulfur solutions a really interesting --
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sometimes i don't understand why stocks are hated i really don't that stock is really hated and that, ladies and gentlemen, is the conclusion of the lightning round! >> the lightning round is sponsored by tj ameritrade coming up is the pandemic making your children dumb cramer cr cramer takes aim at an alarming trend and what can you do about it next. trading isn't just a hobby. it's your future. so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim trading™ is right there with you. to help you become a smarter investor. with an innovative trading platform
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coming up, we're live in va va polls close in the high stakes governor's race, plus the other top races and issues nationwide on the news, minutes away. >> is the pandemic making us dumber i don't know but it certainly making us less educated that's why i think the take way from the disappointing quarterly report of the worst of the season i'm talking about numbers from chegg. both here and abroad if you don't know chegg, go ask your kids in college or graduated recently it is an institution the they got a start in textbook rentals. they were the ultimate racket. the cost of buying them is extortion. but under the leadership of dan
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rosen, chegg turned it through a digital portal what if you don't care or want good graudz? what if you don't want to pay for college in the first place a lot of people are asking themselves those questions that is the only conclusion can you draw from chase last night as well as the interview they had when sarah interviewed him dipt like that at you will higher education is experiencing major slowdown while he believes the problem is temporary, it caused demand for chegg services to plummet. hence why the stock lost another 49% of the value today it's been getting hammered for the last few months. what is causing this weakness. part has to do with rising wages. you can make more money if you immediately enter the workforce. plus, chegg kept talking about the keys, kind of a term they use to explain why college enrollments are weaker than expected a lot of this is covid related
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covid is less than enticing. who wants to pay tens of thousands of dollars to sit at home and take classes over the inter? not me that is the no the only thing hurting chegg. they're getting hurt by the makeup of the curriculum they help people get good grades in difficult courses students are taking -- i quote, fewer and less rigorous courses with fewer graded assign ments they're assigning less work and there is a big spike in pass/fail classes. sounds heavenly to me, unless you want a good education. more people choose to work rather than go to school he also talks about the post covid-19 hangover of mental exhaustion to which i add that when the semester started, we were not post covid-19 at all, we were in the middle of the delta variant. i know he says it is temporary but there needs to be a return on investment when it comes to going to college
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and that also includes student life there something to be said about how to socialize and live on your own tough to offer that experience in the middle of a pandemic. lots of students who ind soup for a full load of classes this year feel like they made a bad decision they didn't want to get burned again. on the other side of the equation, consider the cost. full year tuition and room and board can go to $80,000 in many private institutions you know it's going to $100,000. do you want to come up with that money for a subopt mall experience i worry we're pricing them out of college altogether. i benefited from really terrific professors that real taught real hard classes the idea of pass/fail or guts as we called them at harvard is about slacking off i think it's a bad deal. if you don't want to be challenged, i don't see the point. then again, people tell me i'm a throwback. i hope all the people that skipped college this semester will come back once we finally get past the pandemic. however, i fear we're setting into a bad groove where
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americans start questioning the entire worth of higher education which is not unreasonable due to the cost of higher education they price themselves out. i think it's a tragedy you want a lost generation, if the post covid-19 college trends continue, you better believe we're going to get one i like to say there is always a bull market somewhere. i promise you i'll find one just . election night in america. all eyes on one particular state where the polls just closed. i'm shepard smith. this is the news on cnbc battleground virginia. can republicans turn the state red again? how both parties is a stack up one year ahead of mid-year elections. >> food is the month many alday in the pandemic. >> cdc advisers officially sign off. how soon shots could start going into young arms. >>
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