tv Mad Money CNBC November 15, 2021 6:00pm-7:00pm EST
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half years, all through covid. a big shout out to harry pointer on the back of that, what else could my final trade be woof and that is pet co. >> thank you for watching "fast its eamoy. igrt to be here 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 a special west coast edition of "mad money. welcome to cramerica other people want to make friends. i'm just trying to help you make some money my job is not just to entertain but to teach so call me at
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1-800-743-cnbc or tweet me @cramer it's almost been a two-year hiatus why come back here it's simple. this is the innovation capitol of the world innovation is what makes stocks go higher. you need some sense of the future when we teach you how to pick the right stocks for yourself or match your portfolio with the cnbc investing club. now on any given day there might be teams that trump tech that was true today. dow slipped 13 points. s&p edged down fractionally. nasdaq declined .04% it is the heart of retail season we hear from the big box stores. the industry is going in on omni
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channel, direct to consumer. in other words, tech if you're running a store that's still using the old ways trying to keep track of inventory by hand, trying to intuit what customers want based on gut instinct, then you're toast. retailers need the customer relationships software like salesforce what twilio can give you and all of it is powered by high speed computers that are run on nvidia, amd, intel where you can go intoa real estate investment trust. the one that was bought by american tower without these special tech accout accoutrements, you might as well fold up shop it's not just retail when i got out of school i found myself in goldman sachs. you might be working at square, upstart, robinhood, affirm another one on the show tonight.
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these places harness the power of artificial intelligence to disrupt industries or they empower the individual versus institutions what am i personally looking for out here in silicon valley that i hope can make you money? number one, how they're using artificial intelligence to replace humans we're living through the great resignation. in september we had 4.4 million people quit their job. that's 3% of the total when you think of artificial intelligence, i have to come back to nvidia everyone views this as a semiconductor company. if you want to go to the next level of climate change, stopping fires, developing new medicines, then you need speed and humans simply can't calculate anywhere near as fast as computers and the computer's a lot smarter than we are. then there's conversational artificial intelligence. it lets computers come across
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like actual people that's five9 it will speak to you later in the show it will ultimately get to people but you have to get to the other kind first second, there's the meta verse when people hear this, they think of facebook. the company that changed its name to meta platforms unity software the tools you need to develop video games and now metaverse experiences. i think unity's technology can put you in the middle of any football game or having cameras on all players so you can isolate the ones you care about most for your fantasy football teams. mine has won two in a row. who gets to the metaverse first? let's see. who gets it? that's roblox, they got it ahead
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of facebook. my money is on roblox it makes it easier for users to create their own digital experiences. if you go back to the interviewee had last week with dave zuki, it's the zuk, not the other zuk who is developing 15 years 20 minutes down the road maybe al l gore invented it and nvidia dominates artificial intelligence i make no secret of how much i love this. i might rename my dog nvidia a lot of people freak out when they have a $750 billion valuation. that's three times the size of the next largest semiconductor company. you can't pigeonhole this company as a mere chip maker no nvidia's a creation company
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creating the ability to have machine learning to solve problems we didn't know existed. go watch visionary ceoen sen wong it's a beautiful kitchen soaring beautiful classic call music. the composer is a computer, yet a machine. sounds better. third theme, electric vehicles rivian is in california, the south not the north. here in silicon valley, we have lucid. it just won the motor trend car of the year award. it's not even out. it could be just in your brain we're going to see tomorrow who doesn't want to be the next tesla? who doesn't want to own the stock of the next tesla? that is the real driver here fourth, how did financial
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technology become a west coast obse obsession? it's a great thing the east coast does financial innovation we develop securities. on the west coast, they're more into engineering than financial engineering. you want a tech one banking, you need to talk to people who run square and you need to speak to max glevchin from affirm he's trying to cut the credit card companies out of the consumer lending because you know what? they're now getting generations trapped into their financial chains another concept. another reason to come out here. when i got out of school in the early '80s, my goal was sim pat particular could he with wall street i wanted to make as much money as was legal without breaking the law. if you had a cause, you could
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take your profits and donate them the smartest people come to the west coast and many come here with a purpose at the end of the day winners make a lot of money. way more than at goldman sachs in the east it's a source. in the west it's like a weird byproduct. is it possible to make money and do good at the same time i didn't used to think so. most of my life those things seemed unrelated at the best the bottom line, the more i come out here, the more i do need to come out here, it's true you can do well by doing good. maybe, just maybe it's like bob dylan. i want to come out here because i was so much older then i'm younger than that now. let's take some calls. let's start with cabret in ohio. >> caller: boo-yah, jim. the number three ranked cincinnati bearcats. maybe they'll let us into the playoffs. >> why not it seems they discriminate
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against the team. >> caller: they are. my question is about dell i got into it after q1 after your recommendation and i had a good return. after their split off their vm ware, do i keep both or sell one? >> if anything i would buy more i think this is one of the great stories of the era and doesn't nearly get the credit. i think you should buy more of that stock let's go to scott in north carolina scott. >> caller: jimbo, boo-yah. you are a national treasure. infrastructure bill. jacobs engineering or its competitor quanta services >> quanta services let's go to mike in new jersey mike >> caller: hello, jim. thank you for the clear thinking that you share on stocks and companies. i don't work for the airlines but i work for an airline that is a united airlines hub
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a lot of people must be going to the beaches in suit and ties i can't even find a parking spot this is before the holiday rush. why is united allies and now when planes are jockeying for runway stations taking off every two minutes. that shouldn't keep united down 45%? >> no. i like the stock very much it's my favorite airline used to be southwest used to be love. i no longer love love. i like united airlines and i think you should buy some. innovation drives the market which is why i'm so pumped to be back in san francisco. some of the things i have my eye on this week will be ai, who invented the metaverse just kidding evs, fin tech, yes, e&s&g. for the first time in two years "mad money" is taking over san francisco. the top brass at five9
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twilio, netflix, lyft, small business the stock down 14% over the past month, time to take some action? i don't know warren buffett made a bigger bet on chevron than he has i have the exclusive with mike worth so stay with cramer. don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.
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when a tech over target backs away from a murder, that tells you they're pretty confident about the future that's exactly what we saw at the end of september when five9 walked away from zoom video. when five9 reported last monday it was one of the best quarters. the numbers were amazing in response the stock jumped 15% but since then it's given up some of those gains thanks to the inflation freak out. the stock is down 24% from its august peak and it's even fallen a few bucks from where it was trading. i don't know if that was right let's take a look with the ceo of five9 to learn about the quarter. welcome back to "mad money." >> thanks for having me back, jim. >> rowan, i'm going to give you something. every business in the world other than an occasional mining company or fishing company needs
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a contact center why does every biz need a contact center >> you have to talk to your customers. things have gone more digital and versatile. the contact center is the virtual door to your customers people want to talk to businesses they're engaging with that's the reason every business needs us to do what we do. >> when i look at your company and i think about what happened, i say, you know what, i'd like to have a real view of what's going to be in the future. you happen to have a virtual financial analyst company? >> yeah. >> could you give us a preview of what you're going to say? >> absolutely. this thursday we're having our financial analyst day. five year outlook. >> 500 year? -- five year? >> yes we didn't skip a beat with discussions with zoom. we're back stronger than ever, ca candidly we're talking a lot these daze days about first and foremost how to get all of those companies that have bad customer service on to a modern platform
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service like ours to get them modernized and a better experience we share that distaste for companies with bad service ee kind of help them fix that. we know so many businesses are struggling to hire so we have an ai and automation portfolio that's helping them drive efficiency at new levels they've never seen before. >> let's talk about artificial intelligence what kind of virtual assistant can you give me so i don't necessarily have to try to find someone and pay them double what i did before the pandemic? >> we have inda, industry leading technology it's backed by google and amazon the hyper scalers. we use that to deliver a conversational and delightful experience this is not the frustrating bots we've seen 80% attach to --
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>> attached are people >> yes 80% of the businesses that are buying our software are adding the ai into the sale so they can take advantage of these efficiency gains. >> everyone knows the brand under armour >> yes. >> why do they need a call center there's an example tell me how it works >> sure. take any retail company really often you're not -- you're buying online. >> right >> you have a product. you have a problem you have a question. sometimes you can't get the answers that you need so you want to be able to contact and connect with a human being that's part of what we deliver but we deliver all of the other technology for under armour to directly engage with their customers. my son, huge under armour fan for brands like that, they need and want to have a direct connection to their customers and we help provide that >> so let's deal with it one, the customer and what can
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you give a company can you show something, a matrix about what people like and don't versus their own people? >> there are tons of leads ai provide insight between the customer interaction all of the customers come to the website, what are they clicking on, what are they interested in? you'll see when they call, why are they calling we'll transcribe the calls in real time and provide insight as to why are people calling? what are they asking about >> i have spent a lot of money in certain places and i have never donnie business. they don't know any better when i get -- if i had your system that i'm calling, would they at least know i've dropped $1,000 in the last few months there? >> absolutely. that's the first thing we want to do for customers is make sure that a business knows who's calling or connecting so that they can provide customer mized and personalized service the reality is the reason why you're still seeing that, four out of five businesses haven't modernized their contact center. they're still using legacy
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technologies hardware switches sitting in closets with dust on them and that stuff just doesn't handle the new experiences that customers want and that's what our cloud software provides. >> if you're the ceo of one of these companies, you must realize they're losing business to the guy who's got you >> absolutely. especially modern consumers are much more demanding than some of us old guys, right they are looking at these businesses and they're saying, if you don't give me great customer service, i'm out. i'm going to switch to another brand. >> exactly that's what we do. we're all ready to go any time we want to you know i think your consistent numbers, 30 year -- enterprise doing incredibly well. i think the stock has come down too much versus what you're doing. to me, you don't need zoom. >> we're just fine as we are and we're really excited about the future. >> rowan is ceo of five9
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a lot of great tech companies give you some down beat guidance. wall street doesn't always appreciate that approach take twilio that helps huge companies like nike, lyft and netflix connect with their customers via phone, text, video, whatever you want twilio stock has stalled out in 2021 it's due to rotation in high flying growth stocks twilio has gotten into the habit
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of reporting spectacular results. i think they're giving realistic guidance people want hype they want a better than expected sales forecast to go with better than expected sales. stocks sank nearly 18% although some of that is because the company's well respected coo changed. it's down 33% from the highs let's take a closer look with jeff lawson. get a better sense of where he's heading. welcome back to "mad money." >> thank you, jim. >> thank you we were trying to find growth companies not up for nomination. great growth but most down and yet i think that some of this is just an over reaction because it was actually darn good quarter i didn't see anything in it that made me think organic growth is going to slow down dramatically. >> i think it was a great growth as well. we've guided to multiple years
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ahead. 30% annual growth. that speaks to the size of the opportunity ahead, what we see as how we're going to capture that opportunity it's interesting we have this usage based pricing model. that can provide small fluctuations up, small fluctuations down and ultimately over the long horizon is a real powerful driver of our long-term growth against this really great opportunity. so i think that's what some investors are looking at when we look at it, we think the fundamentals of the business are looking at we have segment to our portfolio that is allowing us to tackle this generational opportunity to become the leading customer engagement platform for b to c companies to build that business. >> let's take it head on here's mazuho. decelerating organic growth presents near term pressure. you are growing at a rate that was ridiculously high. now you're growing faster than every other company anyway
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that doesn't sound like anything to be concerned as some of the analysts are >> our growth has been in the range of high 50s to low 30s and at nearly $3 billion revenue run rate those are astounding numbers. i feel great about the fundamentals of the business this is in the range of where we've been i feel like, again, this is just part of that usage based model can fluctuate up, a little bit down ultimately this is a great business that is helping b to c companies build their relationships and drive their businesses foorward and that's a opportunity that is the greatest opportunity in enterprise software. >> i'm glad you brought that up. let's go back to the real world. you talked about the digital giants and how that you have to be able to take them on. you've got to be able to take them on and you have to do it with a realistic amount of money and really only twilio offers anyone the ability to take them on >> you think about the digital giant. amazon, facebook, google
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they know so much about us because of how much they use their products and they use that understanding to personalize every touch point, every visit to the website, mobile app, every time they talk to us it feels relevant and personal because of that they're building great digital relationships with us now every company that i talk to is saying they need to build the same kind of digital relationships with us, their customers -- >> right. >> -- as those giants do it takes a huge investment in data, in systems, in the applications of engagement in order to actually get as good as those digital giants have and that's what our platform is enabling those companies to do so we take the data that a company has about its customers, all first party data, assemble it into a profile of that customer so you know oh, jim likes this, he likes that, he doesn't like this and then use that knowledge of you to personalize that website experience, that mobile experience, their marketing, their sales programs, even the customer support all of those touch points can be
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personalized and made as good as those digital giants do and the stakes couldn't be higher. if a company doesn't have a direct and unbreakable relationship with its customer, then it can get disintermeade eighted by those digital giants. pay a tax to apple, amazon, et cetera nobody wants to be doing that. >> one of the things as a small business person, i always think it's -- it's hubris and the big giants they're taking advantage i want my customers to be my customers. >> you want them coming to you first? >> yes >> especially because those giants don't know, they're fooling you. they do a great job of that. i would prefer to have it so that my customer knows that i care and it's real you're offering that at scale to smaller business and medium sized business >> yeah. think about the great digital businesses we had great businesses on stage at our signal conference last month. we had intuit, pileloton
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they're talking about how they build a great experience that understands their customers and is able to personalize it. intuit shares. before they started using twilio, they had three segments. it's like 100 million consumers. they divided them into three segments people didn't read our emails and it wasn't that great using twilio, they diced that audience in and they can taylor that in for who you are, where you are. are you going to file taxes, high income person, first time filing taxes dial that in and when they did that their engagement was up 30%. >> they had a nice acceleration and i'm sure you're part of it. >> great example, right? >> one last thing. george hu, he's an exec i have it i said to jeff that was going to happen completely expected. i think the analysts gave you a raw deal by saying this was an unexpected thing
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george, i've known him for a long time. this was business as usual. >> george let me know a while ago that he thought his career was he wanted to move up to the bigger role. there's only one bigger role inside of twilio, that's me. george and i executed a very thoughtful execution plan to our chief revenue officer, mark boraditsky who's built the sales machine from the beginning great leader there handing the coo responsibilities over to our cfo who's been taking on operational roles for the past 18 months, growing his operational purview in the company so this was a very thoughtful transition of george into whatever he does next. >> those who don't know this man, they don't know george or geoff. i was able to check this out it was not what some of these analysts say a nice interchange as he told me, you remain his best friend. >> we had a great bench able to transition those
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responsibilities. >> thanks, jeff. i think this is such a good story. we finally got it at a discount and that is very hard to get jeff lawson, co-founder, chairman and ceo of twilio "mad money" is back after the break. coming up, the fintech forecast calls for future flexibility. can affirm help you pay for this season's holiday goodies and leave a profit in your portfolio stocking cramer's got the ceo next.
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should investors be putting it in their portfolio >> what do you do when a red hot stock goes into roller coaster mode i'm talking about one that dominates the buy now pay later stage. in the past week it's gotten pretty volatile. last week affirm got hit and then a suboptimal quarter from upstart. stock punched $24 last wednesday and jumped $18 on thursday after affirm reported a generally strong quarter at these levels it's still down 20 bucks from the high could this be the chance to buy one of the hottest names of the year at a discount let's check in with max. welcome back to "mad money."
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>> thank you for having me. >> we're going different than the typical nuts and bolts you said there's a dramatic rerouting of the flow of intellectual capital people who needed a mission, a chance to fix the problems of the financial system isn't that really what affirm is about? >> it is i'm glad somebody was paying attention. the foundations of our team is the young idealistic people to join the quant fund of the moment that's not what i want i want to make the world a better place in the way of financial technology to think i was supposed to go squeeze the market to the last penny, i'm going to put the penny back on the table and give it back to the table those are the bones of affirm. the mission runs through the people from the very beginning. >> how many people work with you, i say with, had say,
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parents, who they watched be in the chains of credit cards >> well, i think all of us have some kind of a story to tell not necessarily all of -- not everyone is young at the same time i came to the u.s. as a teenager got my first credit card at the age of 18. promptly missed the minimum payment and missed my minimum payment and took my a decade and a half they say, oh, my god, the same thing happened to me it happened to my parents. they had to sell the house short. >> there are two companies that have been fabulous growers of late, shopify and amazon both of them went with you how much of why they went to you is that ethos and how much of that is just you have a better
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mousetrap? >> there's a handful of reasons and i think both shopify and amazon and walmart, to mention another great partner of ours, and the majority of our merchants first and foremost, the ethos of staying with a customer, being there for the customer, knocking the customer when they're down is important to them. amazon loves to talk about their customer obsession shopify is there for the regular guy, so on and so forth. that connectionwith the customer is powerfully important to them. that's what we're bringing authentically. that said, we are an engineering shop we build great software. they need someone who can be there and handle peaks and ebbs and flows of traffic and that's who we are and you have to take a scale, underwriting. if you are not careful, you can end up on the wrong side of
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credit losses. that's a one way door. there are others in the space. we have buy now pay later. why do you keep talking to affirm i think it's the customers that tell me to talk to affirm. it's not max levchin bragging to me you don't do that. >> i think our customer list speaks for itself. we are partnered with 60% of the united states ecommerce space. we weren't chosen randomly we have the most customer centric point of view. we know what we're doing managing risk and we know how to fund our transactions. capital markets execution becomes a critical aspect on a business like this combined it's hard to find. >> one last question, before i came out here i talked to a large credit card company and they said, how do you think
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we're going to make money? so many people default on us, how much are we going to make money if we don't charge a huge amount i'll put it to max. >> my numbers speak for themselves, if you look at delinquencies after 30 days, we're keeping it at 2% last i looked that is a stat that, you know, coming back to pre-pandemic levels a little bit, but it's a great number my favorite stat about affirm isn't that, it's the 15, 16 million transactions we process, zero dollars, zero cents in late fee deferred interest, hidden charges, whatever fee you want to throw in, we don't take that. people pay us back when the pandemic hit our customers would call us, i want to make sure i make my affirm payments you have been so good to us.
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if you treat people right, it works out. >> i agree with you. that's max levchin, co-founder of affirm. we had a moment at 67, you have to buy it. i'm unwavering "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 a special west coast edition of "mad money. play this out. and then the lightning round is over are you ready, skee-daddy. start with cassy in new york cassy? >> hello, jim. thank you so much for all you do for us little investors. >> all little investors. i was among the tiniest, what's going on. >> caller: i joined your club. listen, i saw the interview the coo of sue relic but the stock went down. all of a sudden 30% it went up the other day. what is going on >> cassy, it had one of the most incredible quarters. congratulations for sticking with it. let's go to curtis in new york curtis >> caller: hey, jim. how you doing, man >> i'm doing good, partner how about you? >> caller: i'm doing pretty good real good i need a birth tai
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boo-yah for my sister, danielle. >> danielle, happy birthday. >> caller: all right, jim. i mlove momentum trading and it includes draft kings i've been holding and adding since may of 2020 even though they just missed on q3 earnings. i think it's still a long-term investment. >> here's the problem, curtis. right now it is like a war out there. buy, buy, buy. that does not mean that draft kings is not the best. they've got to stop killing each other and when they do and people realize they're spending too much money per customer draft kings does well. that's my long-term stick with it, short term -- it could be a house of pain. let's go to bill in pennsylvania bill >> jim, man. with the gop looking like
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they're going to spark one up here what do you think of grow corporation? >> i didn't like that quarter. i know it looked on the surfaces like it, but it's the same old good quarter but it did not have the organic growth i don't like. i don't want you in that stock i think it's not right let's go to jesse in texas jesse? >> caller: thank you for taking my call, mr. cramer. >> hit me, jesse hit me >> caller: i need your opinion on himex please. >> no. no we're going to go over there and buy taiwan seven i don't like to be too asian centric. they've let us down time and again. let's go to ram ma in new york rama >> caller: yes, boo-yah. i love your show. >> thank you >> caller: behold enron, kmi should i buy some more >> that wasn't the old enron
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some people were involved. but know long, long left long after that disaster. i happen to think that kmi is inexpensive. a downgrade the other day. they made it sound like things were bad the world is short on pipes. i think it works let's go to rebecca in new york. rebecca. >> caller: hi. i'm so happy to talk to you. >> right back at ya. >> caller: i love you so and i want to thank you and your staff for doing a great job. >> i've got great staff. they came out west with me what's going on? >> caller: now that the evs are getting more popular, do you think it's a good idea to buy stocks in companies like s sub power -- >> i want to hole plug power we had a gigantic run in plug. this stock takes the pull back after a big run so let's be a little careful now we're going to rick in florida. rick >> caller: how you doing, jim?
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>> i'm so -- >> caller: my question is about 3d systems >> sell, sell, sell, sell, sell, sell, sell >> it's had a very big run and to me it's time to call it quits, 3d. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by t.d. ameritrade coming up, this company's acknowledged the need for clean energy, but could rising oil prices mean a quick return for home gamers? cramer sits down with chevron next when traders tell us how to make thinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web.
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if you ask questions, peaked a lot of reasons to think fossil fuels put in their highs late last month you might want to adjust your approach to the energy stocks rather than the boom and bust independent producers. you can go with a big oil integrated producer. my favorite, integrated is easy it's chevron when chevron reported late last month they shot the lights out they gave me a plan to gradually lower the carbon intensity of the business with $10 billion in capital investments to make it
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happen this is an oil company that's trying to be more environmentally friendly so don't take it for me let's check in with mike worth to catch up with the terrific story. welcome back to "mad money." >> terrific to be here. >> i'm going through the quarter, wow, they really did it they're saving that money when oil was 100 bucks. that's right, i have to consider esg. mike, there is a moment where you just have to say, i want an oil company because it's a good oil company. why should i be worried about what will happen ten years from now? >> jim, we've been around for 142 years and we intend to be around for many, many decades to come we believe the future is lower carbon and so we believe we can deliver higher returns to our shareholders today, strong did i have gend growth, share repurchases, really strong cash flow and prepare for a lower carbon energy future through investing in technologies that will grow and be a more
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important part of the energy systems in years to come >> i agree with that people say your company has to decarbonize at a pace that will wreck the company. some people want to legislate you out. you say some of them are pipe dreams >> look, we've reduced the carbon intensity of our production of oil, gags, reduced methane emissions dramatically we're a top quartile producer in terms of oil production, gas production as long as the world is using what we generate, we think that it should be provided by those that are the most efficient. we tend to be more carbon efficient. as long as the world is using our products, we continue to improve. >> for instance, i saw you bought 60 cng retail sites
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i see you doing things, hydrogen i see you doing these things where it looks like you're placing a lot of bets in different technologies which are going to work or are they all we don't know yet >> we're working in areas where we think we can create competitive advantage and strong returns by building on the capabilities, assets and customer value chains that we serve today but introducing new technologies and new products into those compressed natural gas, we're working with dairy farmers to take emissions from dairy farms that otherwise go unabated and get them into a compressed natural gas fueling station. we're building value chains with existing customers and dramatically lower carbon emissions. >> when i first heard you say that, give me a break. turns out i know this is mother nature but cows are horrible
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pol polluters. methane. >> cows emit methane from both ends we can look to reduce knows emissions. we're serious about our traditional businesses and faster growing, lower carbon businesses that will be part of the future. >> how about sustainable aviation fuels >> it's not only possible, we're delivering it. it's difficult to envision flying planes on batteries they don't have the energy densities of liquid fuels. we have to create this in larger quantities our refinery in los angeles, that will be a bigger part of our business no doubt. >> do you think -- you're spending a lot of money in developed technologies people will take advantage of them after you build them. >> people across our sector and many others are trying a lot of different ideas and i think innovation is good
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i -- look, we want a lower carbon future. where the innovation comes from, neighboring technologies somebody else can develop. we have the balance sheet, engineering capability, project capability to scale these things to make a real difference. >> let's bring it back to the stock. warren buffett bought more stock. he's the top ten shareholder i know you treat all shareholders the same. do you like to have any back and forth with mr. buffett >> berkshire hathaway is a very large and greatly valued shareholder. i've been out on the road the last week talking to shareholders across the country. i think they like what we're doing and they have an optimistic view about the future. >> do you think there were shareholders who were not shareholders were bumping it up. >> they may add to their positions and new shareholders want to see financial
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performance and they want to see responsible stewardship of our business against the society's expectations today we invite new shareholders to come in and we want to increase our positions. >> are you surprised some u.s. producers are still being disciplined? we know if we pumped everything into this country, oil prices come down. >> i think most producers in this country have committed to shareholders they're going to return capital and be responsible as opposed to chase growth. >> that's what they did for years. how do they get religion since rockefeller they've been spending like mad. >> well, the industry has a history of this. this time it's different we'll see if that holds. to this point, we'll see if it has held the companies that break from that i think are at risk of being singled out in a way that's not positive. we'll see. the world needs our business today and for many years to
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come >> i think you're right. i really do. it's a good dividend and a good buy back that's mike wirth, chairman and ceo of chevron i promise to find it for you here on "mad money." i'm imr jim cramer see you tomorrow "the news with shepard smith" starts now . prosecutors called kyle rittenhouse a wannabe soldier. the defense says he was attacked by the mob soon a jury will decide. i am shepard smith, this is the news on cnbc closing arguments in the trial of kyle rittenhouse. the teen accused of murdering two protesters in kenosha. the defendant's future is in the hands o f the jury a tragic development in the astros world al nine-year-old died as the search for answe
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