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tv   Mad Money  CNBC  November 8, 2021 6:00pm-7:00pm EST

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>> yeah, i went long realreal, it's like i'm buying it here >> dan >> jetblue will fly high >> guy >> caterpillar, sister "mad money" with jim cramer starts right now ♪ my mission is simple to make you money. i'm here to level the playing field for all investors. there's 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 kramer. i'll try to make you money my job is not just to entertain but educate. call me or tweet me. this market, what can i say? it has a keen eye for the obvious. it feels like you can just buy the news and consistently make easy money
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easy money, including today with the dow rolling up 104 points. s&p edging up .09%. nasdaq advanced .07%. historically you had to buy before something good happens, and then sell -- >> sell, sell, sell! >> -- the money loaded up and crushed fins when stories broke, often leading to big losses for anyone who blocked the news. i should say anyone uninformed enough to buy the news not this market though the new pattern is insane. if you have experience, it works against you. that's right, because it is making fortunes for the newcomers, new people investing. i salute it. let me give you examples that are classic. let's start with newport, the nation's best and largest maker. we own this one. we have written bolt after bolt about them being a new winner from the passage of the infrastructure bill. the stock has been very tough. if you tried to trade it you got clobbered. i have defended them as best and cheapest way to play recovery in
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auto sales and construction. i didn't bother thinking about the infrastructure bill anymore because analysts downgraded a stock, arguing the good news on the infrastructure is probably baked in so forget about it. these professionals would have been right if we had the same kind of institutionally dominated stock market we had for the past 20 years, but we don't. in the old days once we found out that congress finally passed the infrastructure bill, you might have seen nucor's stock open up a point or two, but the heat-seeking sellers came in and lit up the buyers. in the end they might have blasted it down to below where it was a week ago. oh, but it is a new market that's no long totally dominated by big institutional money makes. individual investors got the power. when the bill passed sellers were nonexistent nucor jumped five points, some selling came in, but rather than questioning the stock more buyers came out to meet them which is how they finished the day up three becks i haven't seen anything like this individual investor movement since before the
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dot-com crash in 2000. it has been that long. who is doing a little buying i suspect it is you, the home gamers, or as they're de ricively known on wall street retail investors retail meaning nobody, not on this show. now the retail, you, running circles around the professionals and i salute you nucor was too obvious for the pros regular individual investors, no doubt they wanted to be sure the bill would actually pass before they pulled the trigger, then they started buying hand over fist i don't think they're finished then the rock stocks this is a great story. these are the companies that make aggregates we need for road building these stocks have been going up since biden won the election a year ago why? because he campaigned heavily on infrastructure spending. i tried to get people in the stock, but i fell in the same trap as the so-called smart money. i was worried that the infrastructure bill was already baked into the stock given it is
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up roughly 29% year-to-date. stones instead of a huge piece of federal legislation i focused on state road building. who didn't know that the companies would make a fortune with the infrastructure bill i say it like it is a rhetorical question but the public didn't know they're now flying again for the point they sell for 35 to 41 times earnings, these are companies that make rocks, for heaven's sakes, not metaverses this morning when i got up to work i saw caterpillar was up 7 points i couldn't believe my eyes didn't you have to buy cat last week so you could sell the news today? no these infrastructure plays all have too much follow through it is like, hey, i see the tractors and backhoe loaders and excavators, let's buy some it worked for tesla, didn't it it is working for cat and it also works for deer because deere has backhoes remarkable let's buy the stock. it is not just infrastructure. look at amd and nvidia two of our favorite
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semiconductor stocks i think amd will take market share from intel i have been saying that since it was five we own this one for the trust and anyone that gets the bulls knows we recommend it because of a big product introduction coming out today at this point we learned amd won a big contract from facebook to use its hyperscale chips it should not be a surprise if you have been following the story, but most people obviously weren't following the story which is why the stocks surged 10% today. as for nvidia, a $308 stock we have been championing. it jumped get today. tomorrow the ceo will give his keynote, the most important speech of any tech executive, maybe any ceo. if i'm right how stocks keep winning on the obvious, it literally won't be too late to buy nvidia stock tomorrow. in the past the professionals would have annihilated anyone who stuck their head up to buy the stock. it is 136% run-up. come on. you can see the pros mowing them
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down now the home gamers are at the wheel and they're being rewarded for owning great stocks like nvidia not flitting in and out on the announcement what else? we all know international travel restrictions soon will be lifted, right? we both know that. we weren't quite sure when the company most linked with international travel is american express. don't leave home without it. i watched the stock. they expected typical sell to the news reaction once it occurs sure enough, buyers came flooding in today. the stock was up three bucks on the removal of restrictions. finally the most obvious of obvious, the electric vehicle and charging station plays subsidized by the deal we saw vehicles go into the passes all the whole time. it doesn't matter which charging station you bought over the weekend, all rallied and then rallied big again today. i would ring the register on the charging station place, because
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subsidies are so far away but i hesitate to name them. let' let's put it together. when you hear about professional money managers underperforming the market is because they think everything good is too obvious, everything like this they end up betting against these stocks they are probably short every single one of these companies. everything but the bottom line, the professionals keep being wrong because these new buyers aren't used to the cyclical trading ways of wall street and retail that they can -- you know, that they can pick off. these new individual investors, the home gamers, they hear good news, buy good news. it is a new world, more straightforward, less pessimistic and you ignore the optimism at your own peril can we go to sherri in california sherri >> hi, jim >> hi, sharie. >> thank you so much for everything you do for us here, for your insight into the market >> thank you >> my question to you is
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regarding western alliance bank. it is a bank that the stock price has gone from $44 at the beginning of the year to $124. it is trading almost three times book value would you say it is a hold, buy more or take some profit >> oh, i think three times book is a lot to pay. for the trust beyond wells fargo, i tell you the truth, at this price i would rather own wells fargo than western alliance thank you for the kind words thank you very much. can we go to anne in arizona anne >> hi, jim thank you for all you do for the individual investor. >> you're quite welcome. thank you. >> i own pintrest and it hit a high of $89.90 this year and now it is back down to $46.55. >> right >> should i hold, sell or buy more >> i would actually like you to hold it. i think that pintrest is good. i now see that given the fact paypal is down so much tonight,
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that one of the reasons why they had to be interested in something in pintrest was they needed the growth and pintrest has it i would stay long that stock and if it drops more buy it. let's go to peggy in georgia peggy. >> yes, hello. >> how are you >> fine. i'm calling about 3m stock >> okay. >> i started buying it in 2005 it was -- it kept going up to $140 and now it is back to 180 and it doesn't seem to be going anywhere can you tell me what is wrong with it? >> well, it has had a couple of setbacks it has a lot of raw costs going up it has a problem with ground water, but it is a very expensive stock now. it has a 3% yield. it is still over dividend aristocrat i would not have been in the stock here but i know many stocks are going higher and it probably makes you feel like you are in the wrong one, but i'm telling you i think it is fine to own right here. all right. the new buyers aren't as cynical as traditional wall street players. it is more straightforward
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ignore the optimism at your own risk on "mad money" tonight with ha new ceo at the helm, is the container store ready to organize your home and portfolio? i'm checking in with the company after last week's support. then gearing up to make a public debut, but with so many players in the electrical vehicle space how does this stand up to the crowd? i'm cruising through the company ahead of the ipo then no ev plays without a solid set of tires so i'm talking to the head of one of the largest players in america, good year, to see what is on the horizon for the company. they don't do very many interviews and it will be exciting i suggest you stay with cramer don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to mad
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demilitarize money@cnbc.com or give us a call at 1-800-743-cnbc miss said? said to "mad money" at cnbc.com.
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♪ don't be too quick to give up on the so-called covid stock. some of them can keep working even as we round the corner on the pandemic consider the case of the container story. here is a stock that exploded higher as millions of americans decided to spend more time organizing their home. that's why the stock rallied to $19 and change at the start of the year the container store stock rolled over with the stock pulling back to the high single digits last month. last week the company reported a magnificent quarter, talking about a huge top and bottom line beat, 11% sales growth, looking profitable plus, the guidance was
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fantastic. in response the stock jumped up nearly 20% last wednesday. after this move it is still selling for barely more than ten times earnings so could this thing have more upside let's check in with the new president and ceo of the container store who joins us in his first broadcast interview since taking over in february. welcome to "mad money" >> thank you, jim. great to be here >> tell us what brought you to the container store. you have an unbelievable background, could have worked anywhere why this tell us. >> well, there's quite a few reasons i joined the container store. i think first and foremost, the culture is unbelievable at the container store. we've got seven foundational values that really help us ensure we do the right thing everybody lives those values and you can really see the passion, the resilience, the excitement in the stores through the service that we provide. so culture is very important to me so i enjoy that.
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at 21 years at sapporo, and it really attracted me to the container store. the second reason, i would say it is the unique value proposition that the container store brings there's not many retailers that i know that not only dedicate almost 10,000 skus to organization and storage needs, whether it is in the home area, pantry, kitchen, garage, you name it, we have it. but we also have a unique custom closet business. it is an affordable alpha line which really our customers love and it has the test of time. it is a modular system that grows with the different milestones that our customers enjoy over their lifetime, all the way up to our luxurious business which is what you see behind me. this is our laren, exclusive line that we carry it is a customized wood-based system and i got it done for my
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office and it looks spectacular. >> let me stop you there for a second did you say wood is that wood >> it is a wood-based system, yes. >> so that's -- i mean a lot of people feel there's too much plastic at the container store you are talking about a wood, custom-made project. maybe turn around for a second because it is obvious -- in zoom no one does anything this is great. so you are saying that was custom made and that i could have custom made, not just the ceo? >> absolutely. we offer it to all of our customers. you can go all the way from the metal-based system, which is our alpha unit, all the way to the wood-based system. i tell you, the big difference outside of the custom closet line is the in-home services we have an opportunity not only to design this, what you see behind me, in your homes, but we also have in-home organizers that help you understand how best to put your system together i think that's being a
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transformational moment. as i have experienced it firsthand, i have almost 17 different spaces built throughout my house. >> all right >> the game changer for me where i was able to truly experience this transformational moment of organization and storage was when someone helped me on this, how best to organize you know, i would make runs to costco and i would buy a lot of product and i didn't know how best to organize them. with the help of our organizers, she put forth a system that works for me, and to this day four months in we still have a unique system. so it is like once you unclutter, you cannot go back. >> all right i like that. that's why -- that's why i like -- i take the clutter bug quiz now, that and you have a lot of different organizational people. now, just because people themselves don't know how to get organized, i mean we weren't taught it. why -- i mean i'm trying to figure out the total addressable market of people who need help being organized.
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>> you know, i think, well, the addressable market we have seen is $20 billion, but i think it is far greater than that because as you rightly say, there are a lot of folks that just don't know how to organize it is not something you are taught, and i think people are struggling they know and they tell us all the time that they don't like the way that they're living their lifestyle, they can't find things, they end up spending a lot of money because of over purchasing, and i think once you understand the powers of organization and how freeing it can be, how you are able to really improve your productivity, your emotional well-being, you know, even saving money, when you stop wasting product, it can be that changing people are looking for solutions. they're like, help me understand the method, help me understand what products i can use, and once they've experienced it, it is very much life changing it is transformational moment, as we call it. we have over 10.5 million club
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members and they tell us daily how the container store has really helped them improve their lifestyle. >> okay. so are we in a situation where these various issues that people have in terms of labor costs going up, in terms of supply chain, do you have those under control? >> yes i mean like most retailers, you know, we're not immune to price increases, raw materials and transportation costs but, you know, we have an amazing planning and supply team and they work extremely hard to understand how best to navigate these choppy waters. there are certain things we can do, that we can control pricing, so we've pulled back a bit on our promotional cadence, really bringing to life a lot of discovery moments in our stores. that's what i think our customers have really come to appreciate we see it in our nps scores at 78 our customers tell us they love to be able to finally discover the great products we have in our stores we put a lot of specialists, trained specialists on the
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selling floor to help our customers make the most out of their projects, make the most out of their spaces. we have a store presentation that invites excitement, that you can play with the product and understand what we have to offer. i think those things have really helped us move away from the promotional cadence and bring about an air of excitement in our stores you see it in our numbers. >> all right that's what we need to see i know that it was the most profitable quarter you have had, and i think you guys are on the right path it is great to have you on the show that's sattish mahotra, president and ceo of the container store. thank you for coming on "mad money" >> thank you for having me inexpensive stock? only ten times earnings, seems to have a lot going for it i want you to take a look. "mad money" is back. it is said to be one of the largest ipos in history, but should investors put the pedal to the metal or hit the breaks
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on rivian? cramer is getting behind the wheel and giving his take next
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♪ this market now, it has become flooded with ipos it is ridiculous we had more than 400 deals this year, not even counting the spac mergers. here last week alone 15 traditional ipos we have 11 more scheduled for this weekfall i said it before when the deals won't stop, like it is right now, every ipo is guilty until proven innocent there's so much that you need to exercise a degree of skepticism, especially because the wall street promotion team is so good at hyping them up and so much money to be made occasionally there's an ipo that is genuinely enticing here this week we have one of the most eagerly anticipated deals
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of the year. rivian automotive, the electric truck maker that is expected to become public on wednesday which is why we wanted to profile it today for you. to many investors rivian looks like the second coming of tesla and the underwriters have taken it from 67 to 72 level all the way to 72, 74, given that the company plans to offer 135 million shares, talking about a $9.85 billion fund raise, which would make it the sixth or seventh largest ipo in u.s. history. at the midpoint of the price range it would be roughly $63 billion company. a brand-new company here, brand-new stock, 63. given these highly anticipated ipo spike dramatically out of the gate, the actual evaluation could be larger. if rivian can trade up to 79 it is a $79 billion meaning it has
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similar capitalization as ford motor. if it goes to 100 it is bigger than gm. we used to hear the comparisons when tesla was on the way up now nobody cares there's a widespread sense you can't judge the electric vehicle space by the traditional yardstick of traditional automakers, makes no sense in a big budget we can say it about tesla, because tesla delivered even if the stock was hit today because elon musk decided to ring the stock after a facebook poll. tesla is on track to make nearly 1 million cars this year keep that in mind. rivian on the other hand is in its infancy and as of october only delivered 156 vehicles. yes. 156 electric pickup trucks most of those went to their employees so we obviously have a size difference. has wall street lost its mind? legitimate question. are money managers willing to
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value a company that barely has a product at more than $60 billion or is rivian the real deal you need to know it is not a fly-by-night electric vehicle story out of nowhere this company has heavy hitters as backers that's where we're going to evaluate if you want to know why there's so much excitement for the story, why so many believe rivian could be the next tesla it is because amazon and ford motor were early investors and they continue to pour money into this thing amazon will own about 19% of the shares they've also placed an order for 100,000 of rivian's electric vans, more on that in a minute plus, it is possible amazon will buy more stock in the ipo, which point it could end up owning more than 20% of the business. you don't often see amazon throwing money in an electric vehicle place and these guys are not stupid but amazon doesn't have experience in the auto background ford will over a $7.5 billion
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stake. ford is only an $80 billion company because that stake is meaning follow for them. ford plans to launch electric pickup trucks and vans next year making them a direct competitor to them. will ford sell its stock to build batteries and the like we don't know. i would redeploy if i were ford ceo. why fund the competition what does ford see in this thing. it is a five-seat passenger pickup truck in september that just came out -- as of last week they only produced 180 of those things in total, but now they're ramping production of the pickup truck and they have an electric suv coming next month. on the commercial side working on an electric delivery van, the one amazon is putting in a huge order for. it is only in its infancy. by end of the year, rivian only plans to deliver ten of these
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vans on consumer they have 55,400 orders for the pickup truck and suvs and those are real orders where customers put down $1,000 deposit. it is not just like, hey, i would like one they expect to fill the backlog by the end of 2023 on the commercial side they have an order for 100,000 vans for amazon which is incredible that order could carry the swier commercial business for years. i bet amazon would take every vehicle rivian makes they have a factory that could make 150,000 vehicles a year when it is up and running but they don't expect it to happen until late 2023. which brings us back to the initial question can we really justify a $62 billion valuation for such an early-stage company which begins trading wednesday? given they've only just launched their first vehicles, you can't really judge this one based on the financials, can you? what about the production forecast all right. based on some back-of-the-envelope map, they have the capacity to produce $4.5 billion pickup trucks and suvs per year.
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we don't have a price for the vans and we have to assume amazon is getting a bull discount even with that i have to figure they have the capacity to make $3.4 billion worth of vans a year rivian could do $8 billion to $9 billion in sales with current install capacity in that case a $62 billion valuation would mean the stock is trading seven or eight times future sales keep in mind it will take a couple of years to produce that many vehicles even with the machinery in place while it is easy to sketch out the story of rivian as the next tesla, it is difficult to ramp up production like this. we forget, we really do, but tesla struggled a lot before the company became a well-oiled machine. producing electric vehicles at scales is tough. plus, even if everything goes right for rivian, this industry is getting, you know, a little crowded here, right. when tesla was starting out, there was nobody else. rivian has ford's f-150 lightning on its heels along with the hummer.
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i could see rivian's stocks soaring even though the valuation is the same. people buying this thing won't care about valuation more than they cared about with tesla. bottom line, if you believe in rivian you have my blessing to speculate but i would prefer to stay on the sidelines and get my electric vehicle exposure from the ford motor company which is why we own such a big position for the trust. it set one more new high today mark in florida. mark >> hi, jim it is a pleasure to speak with the man who so generously shares his knowledge and time >> oh, thank you thank you very much. i appreciate that. thank you. what's up? >> i really have to thank you for some great recommendations like amd, unity and big five, and they've been tremendous for me >> oh, thank you >> all right my question is about lithium motors about two weeks ago lithium reported a huge earnings beat in positive guidance. the company is expanding rapidly, continuing to buy new dealerships. the stock soared up about $40
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and then came down during the day to only up about $5, and by the close of the following day it was below the price from before the earnings report the stock price seems to have stagnated. what is your outlook for both the short and long terms >> i think a lot of the companies that sell used cars have been stalled because they can't get enough inventory i think that brian deboer, who lives in ashland, oregon, lithia, is a winner. he is adding to his dealerships around the country i think that stock is a buy even though you might have to wait a little bit listen, if you are a ride-or-die rivian fan, you have my blessing for speculative but i prefer my ev exposure from ford. next, good year tire after a $3 billion acquisition earlier this year, could the stock be poised to cruise higher then cramer next door hit the markets earlier today, this social media company has an advantage in the space that other it don't see to have
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and then tonight's edition of the lightning round. stay with cramer
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♪ should you let supply chain worries of raw costs scare you away from some of the better auto and auto-related stocks judging by the incredible quarter good year tire and rubber reported last week, the answer is a definitive no. recent acquisition of cooper tire, another company i like, good year has taken over the industry they're practically printing money. the last four quarters were better than expected but last friday they posted a magnificent 43 cents earnings beat, yes, beat that sent the stock soaring from 21 to 24 in ooh singa single sen
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the analysts underestimate good year and the management. until they raise their estimates accordingly i think it keeps going higher let's dig deeper with the chairman and ceo of the good year tire and rubber company to learn more about the company welcome back to "mad money". >> thank you for having me good to speak with you >> you can correct me, it is the best quarter i have ever seen from your company. >> well, it has really been a tremendous one, jim. i have to agree with you i'm so proud of the team you know, you said some of it. you know, we gained market share, our sales were up 42%, up to $5 million, volume up 32% we had the highest price mix we had in nearly a decade in addition to that we raised the synergy target we had from the cooper transaction i got to agree with you, jim >> you don't get to raise price and have that share unless you are technologically beating the pants off the other guys, and that's true. that's what you are doing, isn't
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it >> well, you know, there's great competitors out there, jim but, again, i have to tell you my team did a great job and i think the quarterly performance speaks for itself, particularly the share number >> let's talk about the intelligent tire i love this concept. tires have been tires for too long, sir. >> well, you know, jim, i couldn't agree with you more you know, tire intelligence is really the next step of what we have to do to contribute to this whole new moenth ecosystem emerging we have a technology called sight line by good year and essentially, jim, with the sensor in the tire we can measure, not only pressure and temperature but also wear and load and ultimately friction marry that with the tire data we have, and the proprietary algorithms we have and actually starting to predict performance of what will happen to the vehicles those tires are on. that's really exciting jim, if i can say, you know, i watched a show this morning, you
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know, early on brian had gaddick on and that ev vehicle, tires are so important to that. we are working with them, have a small investment as part of our corporate venture capital fund you had a major u.s. company on that you asked them about the transportation fleet those are the types of technologies we have that's going to help them achieve their performance and sustainability goals with those intelligent tires. >> and we were talking about tesla, which everybody is -- let's put it this way. anybody's technologically inclined in the auto businesslikes yours, how is that >> exactly >> let's talk about what you triumphed over you had greater levels in retirement and turnover, therefore more long-term hiring needs post covid you talked about how it was difficult to increase production at pre-pandemic levels because of nonproductive levels, meaning workers being trained. what is happening here tell me, are people just not showing up to work how can people just suddenly
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start retiring how much money do they have they can decide they're going to retire >> jim, i think it is a great question you know, some of the covid absences i think we all understand, but we saw early on that the level of retirements was much higher than we traditionally had, and certainly than we expected i'm not sure i have an answer for you, but what i can tell you, it is very real you know, we still have difficulty with qualified, finding qualified workers out there. we have increased absenteeism. as you said, as a result we've had accelerated hiring we have a lot of training going on and, of course, those make our factories a little bit less efficient and have a little bit higher cost. jim, i hate to say it but it probably will be with us as we get to q4 and into 2022. i think it is the reality. we are putting steps in place to make sure we deal with that proactively to continue the performance we've had. >> now, these are difficult issues to combat, plus you have
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the car shortage because of the semiconductors, yet you are still able to have this level of profitability. what would happen if things go right? >> you know, jim, it is really a great point, and you know the chip shortage has been all around us. we talk all the time it has been really difficult to make predictions or forecasts on where the oe volume is going to be we have been positioned pretty well on the fitments we're on so we're pleased with that but forecast is difficult. there is a silver lining, and the volume shortage of chips has allowed us to focus on meeting customer demand robustly and rebuild inventories. the silver lining is we all know that the oe manufacturers will start building cars again. that means they're going to take care of the customers because of the robust demand and they're going to rebuild inventories for us, we see that sort of extending the duration of this
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volume recovery we've seen post-covid there is a bit of a silver lining in there i think. >> rich, i like that tip can we say that the u.s. is taking back its rightful place in tires >> well, you know, jim, i would like to say that, you know, as the last u.s. tire company we're very proud of the progress that we've made and, you know, you and i talked about it last time. we had the tariffs come in and, you know, jim, interestingly enough versus 2019, actually imports are up a little bit, but from those four countries that were impacted by the tariffs, they're slightly down. interesting if you look at it, their landed cost has actually gone up based on the math that we do, about $40 a tire, 20% that really -- you know, that really is transportation, is certainly raw materials but also those duties again, we monitor this closely >> right >> i think some of that is
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coming into the market that -- you know, that certainly is helping us in the industry as well >> rich, are the raw costs going to keep going up because at a certain point won't we run into resistance, we will just keep the tires that we have >> you know, jim, i do think that raws are going to go up, certainly in the fourth quarter and as we look to 2022 as well we saw this very similar coming out of the great recession, we saw raws go up precipitously back then. you well remember, $100 oil, natural rubber up to $2.65 a pound if my memory is right. as that happened, we were able to offset that with costs and price mix. i do think that at least in the near term we might see raws moving higher and, you know, fourth quarter we feel pretty good about where we're positioned with the price and mix that we're seeing. as we get into 2022, you know, you are right on we are going to have to look for opportunities on price and mix to offset not only raw materials
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but some of the other cost components jim, we feel pretty good about the ability to put those programs in place. >> well, look, if you are feeling pretty good about it, i'm feeling pretty good about it you have a very inexpensive stock and two great companies put together, obviously two plus two equals five from what i can tell, rich thank you for coming on the show >> jim, thank you for having me. >> absolutely. >> appreciate it >> rich kramer has changed the stock, he changed the company. this is a company we didn't care that much for on the show, but you get cooper together with good year with technology and you have got a winner. good year is one you should be thinking about "mad money" is back after the break. just chill out >> chill master j. >> the chill man is in the house. he's happy >> the lightning round is coming up when "mad money" returns.
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♪ >> it is time! time for the lightning round then the lightning round is over are you ready? steven in texas. steven >> hey, jim. how are you? >> i'm good. >> steven in texas, ten billion gallon booyah to you >> i'll take anything ten billion at this point. what is going on >> i want to talk about mgm. want to know what you think selling the mirage hotel will do for their bottom line? into quite a bit of mgm, in the mid and upper 30s. where do you think it is going >> i like mgm. i think they're doing the right thing, becoming more focused
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it has a lot of good management at the top i think it is good, but tomorrow wynn reports wynn, which my channel trust owns, will determine if they're into mgm right now i don't know -- i can't tell you how goode wynn is going to be because i think it is the future we like, not the past how about dave in kansas dave >> hey booyah, mr. cramer i want to say thanks for all you do for us little guys. >> you are quite welcome >> hey, i bought some of the migraine medication maker about 18 months ago at 33, which it is now almost 140 what do i do now >> tomorrow it reports after the close. i happen to like the company very much. unfortunately, i had to take one on friday, which is their proprietary medicine i would take out the house's money, that's what you should do remove tomorrow all of the stock -- you know, take out as much to be equal to net 30 and let it ride because you can't lose money because you are playing with the house money
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let's go to tyler in california. tyler. >> hey, jim. >> hi there. >> how are you today >> i'm doing okay. how about you? >> i'm all right so i had a question about go to. >> $3 stock. all right. look china has kind of made it into a nonprofit. it is a kind of a dice roll and i can't offer any intelligence on it other than it is pure speculation that the chinese will let these companies go back to the way they were i don't think they will. let's go to matt in new york >> how you doing, mr. cramer >> doing well. how about you? >> very well thank you. i'm going to ask you about british american tobacco, a very diverse stock with very high yield. they purchased rj reynolds back in january of 2021 they also came out with the ebola vaccine and they were first to come out with the covid vaccine in june of 2020.
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>> right but i'm not going to recommend that on the show grateful to have a show on the network but one of the things i have to do with responsibility is say no. in the same way i said we have to ban the darn, you know, things that people use that i can't stand, which just drives me crazy to hook a whole new generation, vaps a whole new generation hooked on this stuff i'm not going there. ryan in virginia >> hi, jim i can get a booyah nor the department of veterans affairs >> absolutely. booyah what is up >> i want your take on alibaba it feels like the stock is under valued and way too much risk priced in. >> i know people want me to recommend this stock and i know that -- i know that i have felt that -- look, if i say this is uninvestable it probably will go to 180 that's how you feel when you don't go to a game and it is the
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one game that they win, but i know i don't want the 18 points. i know it sounds crazy i can find another 18 points elsewhere. so i'm not going there let's go to jack in new york jack >> booyah, cramer. >> booyah. >> i'm following the stock, my tech >> really? >> are you familiar and you thoughts buy, sell or hold? >> i don't know. they have proprietary technology that i think is cool i have liked the stock and i will say it is okay. ladies and gentlemen, that's the conclusion of the lightning round. >> "the lightning round" is sponsored by td ameritrade is it still cool to be kind? next door soared in its first day of trading and cramer is weighing in on the company's mission to make the web a little more neighborly, next.
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today kind triumphed over mean we all know what mean is on the internet it is the coolest place on earth, from the constant anonymous on twitter to the incitement of violence on facebook but then there's kind, k-i-n-d, the stock symbol for next door which came public today via spac merger the cfo of square, the de facto ceo, took over the next door media site when it was a fledgling business that couldn't accept checks for advertising. they turned into a company with $52.7 million in sales in third quarter alone, accelerating revenue group. they now serve 280,000 neighborhoods around the globe, not just in the u.s. this morning she explained to me the appeal of being kind, how next door wants to promote the spirit of being a good neighbor. >> our whole reason to be here is to ult vat a kinder world
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where everyone has a neighborhood to rely on. we think it is good for the world and great for business, too. >> look, i have known saracens she schooled me way back when square was $12 she told me to stop bashing the darn thing and start recommending it because of its out size potential for growth. i'm glad i took her advice how could i not? she laid it out for me since then square rallied 224 points when she left square there was a ton of speculation about where she would go next and a lot of people were surprised she chose next door. sarah grew up in northern ireland during the troubles and she was struck by the way the catholics in her neighborhood rallied around her family even though they were protestants when a bomb went off and blew out their houses windows, the whole neighborhood stood out she wants to spread that worldwide, something sorely needed next door attracted a lot of people that needed help figuring out safety protocols the hybrid workforce continued to keep the focus on the home
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after the lockdown ended as someone who covered homicide for a living many years ago, i have to tell you i am aware that there is an insatiable appetite for violent stories to attract readers. now we have social media with many algorithms attracting traffic to the most incendiary posts. most of the internet is a carnival of cruelty. i suspect they will never do anything to stop this because anger attracts more eyeballs always i see it next door puts that notion to the test. to put it another way, like fences, good next door posts make good neighbors. there's still plenty of heinous stuff on this platform because every neighborhood has its share of horrible people but the company is trying to take things in a kinder, gentler collection and it is working. i haven't liked many of the spaks because too many lost too much money next door already rallied 17% today, but i think it will work. next door's success in social
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media might cause the rest of the industry to rethink its ascension proech maybe it is first step toward cleaning up the wild west of anger, disappointment that makes up so much of the web these days i would like to say there's always a bull market somewhere and i promise i will find it just for you right here on "mad money. i'm jim cramer see yo investigating the astro yn world tragedy. new images from the hell in houston. i'm shepard smith. this is the news on cnbc concert goers crushed alive. >> you go to a concert to have fun. you don't go to a concert to die. >> eight dead, at least a dozen others hospitalized. >> it was unnecessary and could have easily been prevented >> lawsuits and investigations mounting emotional reunions >> this is your grandma. >> the u.s. lifts international covid travel bans. the new rules and the rush to pr

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