Skip to main content

tv   Mad Money  CNBC  December 20, 2021 6:00pm-7:00pm EST

6:00 pm
this is a stock down 66% i still think it's pretty attractive business. looks like the tides are turning. sam. >> sam. >> live nation at 100. >> guy >> nio sister. >> thanks for watching "fast." my mission is simankevicius principle. 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 my job is not just to entertain so call me the market got decked today. dow plummeting 433 points, s&p
6:01 pm
plunging nasdaq nose diving 1.4%. i think it's a marvel we didn't take even more of a beating. and we were able to come back rathe rather convincingly from the midday lows. the oddly named build back better bill could have given the economy some much needed stimulus perhaps something we need now that the fed is tapping the brakes and the previous packages, the reign of covid now in its omicron phase is doing a number on our collective psyche, though you wouldn't know it from the spider-man box office numbers this weekend before i go overboard, things could have been worse. let me explain the less than precarious state this is a state where i think you need to stay the course even doing some buying as we did for my charitable trust where you
6:02 pm
can see all the moves before we make them. i think this is a keep calm and carry on moment. first, we're no strangers to covid. those of us who have chosen to embrace the fear going maximum vaccination now accept that it may not be enough to ward off the pandemic this time in the form of the omicron variant. i know i sure couldn't i went to a party last week. monday party filled with people who had negative pcr tests that very day and i still caught it. i made the mistake of not wearing a mask i let my guard down because everyone had been tested that very day, same day, so i felt secure why shouldn't i? what i didn't realize is the omicron strain may be 70 times more contagious than delta that puts anytime the same league as measles, where one kid would get it and the outbreak would spread to the rest of the class the same day i didn't know i caught omicron until thursday i like to use, well, the
6:03 pm
abbott's binex now test. that one tested negative then i had laryngitis during the show nothing new. this time, i stood down from thursday night's taping and used a binex now to test myself sure enough when the show concluded, there were two lines and my heart sank. that's a genuine sample this morning. fortunately, probably because i've had three moderna doses the last one being a full dose, the pain and tiredness didn't last past saturday. i've been on the road to recovery ever since. thank you for all the well wishes today unfortunately, i tested positive again today, so no return to the au office i feel terribly for those fighting for the disease we may soon ought to accept the
6:04 pm
personal risk. though the unvaccinated go to the hospital might not have taken that much needed bid if they had just gotten jabbed. they think i'm teaching. however, if omicron does become the dominant strain, maybe a given, then infected people can't tell when we've gotten sick unless we're all triple vaccinated we may not be able to avoid a hospital situation where everything is overloaded it's hospitalizations. now we'll have dr. eric on the show later tonight he's our favorite covid expert, but in my experience, as long as you're triple vaccinated, getting omicron may not be as hazardous to your health as you thought. that's a positive one that isn't baked into the averages. how about biden's bill
6:05 pm
a lot of people seem surprised so we'll treat this as real news what's it mean for the market? we can call it a mixed blessing or mixed curse on the one hand, if there's anyone out there who cares about the budget deficit, they've got a lot less to be worried about for main street, the collapse of this bill is a real pity because it could have helped lot of people it would have given the economy a boost, but the economy is a little overheated so maybe it's not that positive. at the same time, there were provisions that would have hurt particular industries. pharma has to be happy that's why i've been recommending drug stocks stay tuned more on that later other industries are hurting the electric vehicle tax breaks are gone good for tesla because they wouldn't qualify, but bad for the rest of the industry that group got crushed today solar stocks, eh, also another
6:06 pm
nasty session. what do we do? yes, we do stay the course no need to dump your stocks here in fact, we added to our charitable trust we got a lot of cash put some of it to work remember, we did selling near the highs. i'm not too worried because there's no systemic risk here. even the non-systemic risk is something we've dealt with second, we need to pick stocks oppor opportunistically. this was day one of the selloff when everything goes down. although you did get buyers. day two, take healthcare and consumer packaged goods plays. you might want to pick those up in the healthcare category you also have to expect a rebound in system of the megatech names, the ones that bounced earliest last time we had covid. their case will be bolstered by the great numbers by micron. i think micron's a good stock.
6:07 pm
you may see some retail names bounce tomorrow. nike reported a good number, too. that stock had been straight down remember that historically tomorrow marks the beginning of the christmas rally. santa claus christmas. whatever you know, i don't mean to make, some people call it santa claus rally, some call it the christmas rally. i'm trying to include a -- larry williams, legendary technician and market historian to help us. for the last 20 years, santa claus has showed up almost without fail i know we've got unique circumstances this year, but i wouldn't bet against a santa claus rally here it's got bad odds to bet against the rally or williams. i don't think we've heard the last of the build back better either there will be a slim moderate they'll endorse. it's washington. you've got to keep in mind that the democrats have the narrowest possible margin in the senate
6:08 pm
which means it only takes one guy to hold the whole caucus hostage. i also believe that after christmas, the port situation will be lessened making the market more palatable. oil came douwn big today i don't to say it's a bad market like it's a bad football team. lots of good draft picks and fresh coaches, a lot of luck the stock market can turn on a dime so you need to be on the lookout for stories about how the omicron strain isn't particularly damaging as long as you're vaccinated and boosted. the bottom line, as more people realize they won't have to go to the hospital or take a few days off when they get sick, assuming they've got their shots, i expect the market to be able to mount a comeback let's take som hi, jim as a two-part question given your expertise, do you think the company will be approved for the bank charter
6:09 pm
and do you think it has bottomed out with the recent 40% decline? >> i think it's bottomed out because i think they got rid of all those insider sellers and i don't know exactly when the charter's going to come because the government's quite fickle. but i think at these levels, sofi at 14 is a buy. andrew in california >> hey, jim. one, hope you're feeling better. my question -- >> i am. thank you for saying that. >> my question is onrunning just had their best quarter everyone and seems like everyone loves their shoes. gien their stellar balance sheet and continued growth, do you have any reason to believe the stock shouldn't move higher and any concerns with the competition in athleisure mand f course the ongoing supply chain challenges >> another market for the fed's decision, this would have been the one to own now we've got to go with nike. a terrific quarter in evening.
6:10 pm
now i know it was a brutal day, but you know what? could have been much worse this is a keep calm and carry on moment i think the market is going to bounce back because i think santa is coming to town. all new tonight, stocks slid today as omicron fears intensified. we sit down with dr. eric then we kick off with a break up. i'm circling back the stocks that are breaking up to unlock value and telling you if they could be worth considering and digital currencies have been around for a while now, but 2021 is when the wider crypto world made its mark. i'm sitting down with a visionary in the space and not an angry guy sam bankman freed, not like the rest of the guys i've had to interview on this. we'll find out what the new year means for the crypto currency. so stay with cramer.
6:11 pm
nurse mariyam sabo knows a moment this pure... ...demands a lotion this pure. new gold bond pure moisture lotion. 24-hour hydration. no parabens, dyes, or fragrances. gold bond. champion your skin.
6:12 pm
6:13 pm
early audiences give "sing 2" an a+. [ gasps ] and a 97% on rotten tomatoes. no parabens, dyes, or fragrances. ♪ woo. you can fly away with me tonight ♪ gunter, you're a genius! momma always said "gunter, you're not as stupid as your papa." it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities.
6:14 pm
as omicron spreads like wildfire across the northeast, something i know all too well because i caught it myself, the market's getting obliterated this is incredibly contagious. symptoms don't seem as bad as long as you've gotten your three dose of the vaccine. that's why tonight, we need a covid checkup with dr. eric, a
6:15 pm
fantastic cardiologist turned founder of swift research who's become our most trusted resource in the pandemic. welcome back to "mad money." >> great to be with you, jim >> the first thing i did when i found out i contracted it is i direct messaged you. can you help people understand if they get all three vaccinations, two plus the booster, that perhaps if they get omicron, maybe ooen delta, i'm not sure, but omicron, they may just experience a mild cold that lasts for a day or two. >> right, with delta, the three shots is at least 95% protective so i mean, delta is not a challenge for a three-shot vaccine. with omicron, there's a lot of breakthroughs. five fold more than there were for delta. but as said and as you've experienced, jim, those breakthroughs can be quite mild.
6:16 pm
and most of them have been reported to be pretty mild so far. so that's the great news it doesn't mean all of them are going to be mild how have you been feeling? >> thank you for asking. i actually, i know this is going to sound strange, it's something you and i go back and forth about, but the third moderna knocked me out far more than this illness has third moderna had me asleep for 24 straight hours. i had a terrible headache. i really couldn't lose it. here, i had a could gh, scratchy throat, but wouldn't have known unless i took my abbott binex now. am i rarity or is that the norm? >> that's actually pretty standard right now for these breakthroughs with omicron almost invariably we're not seeing the loss of smell and taste. there's now lab study that is
6:17 pm
show omicron can't get into lung cells nearly as well as delta and prior variants so these are some hints that this could be a milder illness not just from your immunity like you have with the three shots, but something also intrinsic to the virus, but when it gets to the point, jim, when it's better to get an infection of the virus than it is to get the reaction to a booster shot, that's a good sign we're not there yet, of course there's still lots of uncertainties because we're going to see a fairly large numbers of new infections as we're seeing in other parts of the world and a fraction of those are going to be not mild they're going to be severe and we just don't know what that fraction is yet. >> well, one of the things that is worrisome to me is travel the theory is, the reason i contract traced. i went to an event everybody had to be pcr negative
6:18 pm
before the event it turns out there were people at my table who the next day tested positive. had they been next to me on an airplane, they might have texted negative going on the plane and by the time they got to spain or italy, they might have come down with it. how do we control this thing if you're negative in the morning and positive in afternoon? >> that's really a problem and we're seeing that with omicron. it picks up to infectionous levels with a rapid test really fast you do a screening, it needs to be immediately before and they're not perfect. the rapid tests are best when they're done in a serial manner then you have the change in the reading. so yeah, you're bringing up a real vulnerability we can't fully rely on testing and if we're going to use rapid tests, they've got to be as close to the event as possible and that would include travel. >> now i got the new jersey
6:19 pm
department of public health called today they call everybody. they told my wife, who's more infected than i am, said listen, this thing is 70 times more contagious than delta. i don't know what they came up with that number, but say you went to madison square garden, 20,000 people, and a lot of people had omicron is it like when one kid had measles then we all had measles? >> first, it's not 70 times more this virus takes advantage of not only the increased contagiousness, but the so-called immune escape because it just doesn't look enough like the prior versions of the virus so when your immune system basically doesn't recognize it and that's how it can spread so easily that's really what's fuelling a lot of this. but yes, the problem is you're in a room, in an indoor event and tit's going to spread
6:20 pm
this is a real problem that's why we still need to use masks. better masks high quality we don't want to get these infections because it's a roll of the dice right now. if we knew that everybody was going to have a mild infection, that would be great, but we don't know that at all the spread is akin to these other viruses that are notorious for spreading so easily. >> yeah. i had this wishful thinking, oh, my, if everybody had what i had, we would blow through this and the world would be a better place. i don't want to fall prey to that dr. topol, once again, you have been true north. i made you my doctor after getting sick you're such a good man i love it when you're on the show thank you so much. >> thank you, so glad you're doing well >> thank you well, i am doing well, fortunately, because of people like dr. topol who told me not to worry and panic, but to be
6:21 pm
careful. come up, will three big breakouts give a new face to pharma cramer explains what you can do to cash in on biotech's new look, next feel stuck with your finances? move your money to sofi and feel what it's like to get your money right. ♪♪ ♪♪
6:22 pm
move your money to sofi. download the app and get your money right.
6:23 pm
6:24 pm
last week, we sold off because of the fed, today because of the omicron strain and failure of president biden's huge spending bill to get passed but when this pullback ends, and the market's not going back to normal we're in a new world now, one where the fed is no longer your friend that changes the types of stocks that will work in this environment, you want to bet on the tangible over the conceptual companies that actually make stuff. do things. real earnings. real dividends and ideally, realcatalyst. not just the promise of those
6:25 pm
things down the road in other words, you need stocks that are fed proof and with the omicron strain exploding, you need them to be covid proof. which bryings me to big pharma. when you're worry about a slowing economy, makes a ton of sense to park your money in the drug stocks because they do just fine regardless. you don't stop taking medication just because jay powell gives us three rate hikes and you don't stop filling your prescriptions when covid is raging, but it's my job to teach you how to modify winners i want to show you how to find the best ones. right now, the whole group is cheap on an earnings basis to the point where a few drug companies have decided to take their fate into their own hands. that's why blglaxosmithkline an johnson & johnson are in the process of breaking themselves up in order to unlock value for the shareholders and there's substantial value. so let's take these three one by
6:26 pm
one. bhc. we bought this one today for the charitable trust and we told you in the bull pen, put it in there last week. you want more information, cnbc investing club has got it all. now, bausch has become the only story. this is the one that was value, which we hated yeah, the pharma roll up that took on a mountain of debt then collapsed when rates started rising in 2015 the stock just got crushed there was a ton of controversy over their shady business practices and the management team got the boot. see you later. then that's when the board appointed joe papa in five years since he came on the show, he's paid off a huge chunk, stabilized the business, he even fixed the business model to the point where bausch has
6:27 pm
positive growth. then last year, quietly, he wrote out a plan for the company. then this august, he said he'd be spinning off his medical business the aesthetic side which that left behind a pure play pharmaceutical company with some great gastrointestinal drugs. so how much could this be worth if you split it into three pieces they intend to spin all sultan medical next year. had 219 million in sales but they've got fast growth and lots of devices to give people clear, smooth skin i use one and it's amazing fr fraxel really hurts they should be able to generate $171.5 million in earnings before interest taxes. that's real money. how much would the market pay for that
6:28 pm
in mode, it would be worth $5.51 billion. how about the eye care business? gold standard. we have a good comparison. the swiss eye care company if you value them like alcon, it would be worth 21 billion. what about the remaining businesses even if you assume it keeps being valued like bausch, this would be a $6 billion business i think that's conservative. add it up and these three enterprises would be worth 23.3 billion however, the company has this mountain of debt so with that, you end up with a $10.4 billion sum of the parts valuation, which is $29 per share. that's higher than where the stock is trading now again, that's very conservative. jpmorgan published a piece arguing this stock could jump to the high 30s whoa which makes perfect sense to me.
6:29 pm
buying this because we think $29 is the bear case in reality, there should be a lot more next, there's the glaxosmithkline break up they've been working on this one for three years. in 2019, they merged with pfizer's consumer business, created an over the counter power house. this summer, we finally got an update yields 5%. only cutting it by 31% also gave you some encouraging signs for the next five years. i got to tell you. this one is so difficult to get your arms around, but the thing i like best about it is that
6:30 pm
elliot management is in there. a very smartand tough hedge fund they want to bring in leadership i don't know if they're going to get their way, but these situations usually motivate them to deliver for shareholders. still another one to like this third, there's the most jnj break up i didn't know they needed to break up l being behind a best drug and medical device business. i'm a huge fan of johnson & johnson. and the break up i guess because management favors it but you need to be patient for this one because it could take a year and a half to two years to pay off that's too long. that's why i went with bausch. jnj has one of the best drug businesses out there, but it's underestimate. meanwhile, their medical device business the growing like a weed the remaining companies should get much higher, but the consumer business should get a
6:31 pm
higher multiple. they trade at 16 times next year's earnings. proctor, colgate sell for a north of 24 times earnings and jnj's consumer business is at least as good as they are. plus, i think it can bulletproof balance sheet to act as a consolidator in the industry something it can't do as long as it's buried in a larger company that would rather invest in drugs and technology in the meantime, jnj's paying you to wait with a yield sometimes i wish could we own all these for my charitable trust, wouldn't be diverse if ied, but this is a good one, too. but their covid vaccine doesn't seem to be too effective against the omicron strain, but that could give you buying opportunities. we thought long and hard on buying this one or bausch. but jnj should be great, too can't own them all going in next year, you want safety stocks with real earnings
6:32 pm
and catalysts, which is why i like the three big pharma break up stories bausch health, which we own for the charitable trust glaks o glaxosmithkline. let's take some calls. george in florida. george >> hi, jim how are you? greetings from florida >> george, i'm getting better every day. oh, man, you lucky dog what's going on? >> i'm calling about a company that's called nvax and it came out with a vaccine at 90% effective, easier to store than pfizer and has recently been approved by the eu and the w.h.o. so just to try to get your feelings on the company. thank you. >> well, i think these stocks, i like pfizer in this group. i listen to, you know what, they had, they had stan eck on the
6:33 pm
"closing bell. sounded good, but i think pfizer's the only one of the vaccines all right. we're in a new world, people we need stocks with real earnings and real catalysts, too. that's why i like bausch health. glaxosmithkline and jnj. a few weeks ago, sam freed offered a class on crypto. he's doing the same for cramerica tonight. then nobody wants to think about buying stocks as the market gets steam rolled by another wave of covid. that's exactly what you should be doing here. i'm offing up a list of plays. all your calls in tonight's edition of the lightning round, so stay with cramer.
6:34 pm
6:35 pm
if you're 55 and up, t- mobile has plans built just for you. whether you need a single line or lines for family members, you'll get great value on america's most reliable 5g network. like 2 lines of unlimited for just $27.50 a line. only at t-mobile.
6:36 pm
6:37 pm
as we head into the end of the year, there's no escaping that the crypto complex has taken enormous gains for people. well, the most prominent ones have pulled back pretty substantially from their highs there's still a few here to date it's been a giant year this was the year when crypto went truly mainstream. regular viewers know i'm a huge fan of owning some bitcoin or ethereum for speculation as a bit of a hedge, too tonight, we're going to education ourselves with sam i can't believe he hasn't been on the show before the ceo of one of the world's largest crypto exchanges he's one of the faces of the industry which is why he had to provide testimony to the house financial services community welcome to "mad money. >> thanks for having me.
6:38 pm
>> well, sam, i got to tell you, it's an honor to have you because i think you're pretty much a visionary and i think you're a person who understands -- >> thank you >> that some people, we're concerned. i'll give you a great example. i have ethereum now. i made a lot of money with bitcoin. i want my bank, traditional bank, to take my ethereum. they won't can i go to ftx to put my ethereum >> yeah, you can you know, in addition to being an exchange, a place where you can buy and sell ethereum, it's a place where you can hold it and earn interest on it and access it from mobile and everything else. >> okay, now when i read through your testimony, it's clear you are not anti-regulation. but you do feel that this industry can pretty much regulate itself and yet we know there's scoundrels in the industry sam, you know kind of like the law, the bad can drive out the
6:39 pm
good how can you self-regulate or should you just actually say to the, cftc regulates. >> i think it would make a ton of sense for some culmination to regulate the crypto industry i think there are regulators, a lot of it parts over cleanly there are a lot of pretty nasty points right now in the regulatory framework that have to be worked out where various assets qualify, but i think at its core, you know, market's regulation has the issuance regulation make a ton of sense for the industry >> well, that does make you a bit of an outlier. i think there are some people in the industry who basically enjoy the fact that it's not regulated, which therefore makes it far more difficult for us old mainstream folks to want to go with it. your proposal would make it so billi billions of people around the
6:40 pm
world would want to be involved with crypto. how do you get yours to be the prevalent view >> how do we get from where we are today to a truly mainstream global industry that has the trust people have become used to i think you have people going back and forth, this is an insecurity and it has really grave regulatory implications now. where we need to get to is a world in which we say look, some of these things have properties like traditional equities. some are like commodities. instead of arguing about wha classification they have, let's make sure that the sort of regulatory oversight that needs to be there is there and that oversight that doesn't make sense isn't gumming up the industry so i think like asset issuances. having standard controls like you see with equities around the supply, the issuance of tokens would make a ton of sense, but not mandating they fill out forms that one couldn't fill out
6:41 pm
as a decentralized token project. i think with stable coins, i want to think they have what they say they have makes a lot of sense >> do you think there's any chance that you could, let's say, write the located in the united states, right now, you're still offshore if you came to the united states, i think that would help your legitimacy greatly. >> yeah. totally agree. we have a u.s. entity. we have a u.s. exchange that americans can use. i'm in washington, d.c. every month or so talking with policymakers and regulators. we might eventually see more of a unified framework. right now, both sides are still working out what it's going to look like so i think we're a little ways away from that, but i would like to see those come and converge and allow for the same entities to be able to offer onshore and offshore >> one last question i am concerned when i see for
6:42 pm
instance the, say the cryptos that robinhood are trading on. i see this solano. doge i wonder whether my ethereum orbit coin aren't hurt by the fact a lot of people are getting taken in by what you and i may not think are real currencies? what do we do about the doge the ones that are taking younger people's money and may not be anything as legitimate >> notably one side of this is you need to have competition you don't want to just have regulars come in, choose the winner, choose the loser and force all of the market cap into things that might not make sense. on the other hand, you know, you want to make sure that people aren't just buying into scams or things like that i don't think it's a trivial thing to balance it. i think what i'd say is that
6:43 pm
there should be a lot more tranz p transparency about what these assets do. if you want to list a token, list what the use cases of the token is statistics about its usage list its history who holds the tokens to the extent they're large owners and things like that so that at least you can have transparency about what the goal even is of some of these tokens. i think you would find there's a huge -- that have incredible use cases. i think others that might make absolute no sense and have, they're nothing but, and sort of everything in between there. you know, in the end, i think transparency and making sure there aren't outright scams or misstatements in a material way is probably the best thing that you can do there >> well, sam, i really got to thank you. you and i are of like minds about this
6:44 pm
i wish more people listened to you. i think this whole crypto currency issue would be a let's say do well by the transparency you're talking about you're a good spokesman for your organization and for the, say the entire crypto world. the founder and ceo of ftx really great to have you on. hope to have you back. >> of course anytime. >> "mad money's" 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. huh. is that true? geico's been saving folks money for 85 years? yeah, that's right. wait — so if geico's 85, that makes you — are you asking if i'm 85 years old?
6:45 pm
i mean sea turtles live to 150, so...nn — i — i was not. do i look 85? what! no! you, you look young, fff...you...you, you look young for...however old you are. geico. saving people money for 85 years.
6:46 pm
if you're 55 and up, t- mobile has plans built just for you. for...however old you are. whether you need a single line or lines for family members, you'll get great value on america's most reliable 5g network. like 2 lines of unlimited for just $27.50 a line. only at t-mobile.
6:47 pm
6:48 pm
and cramerica. it's time for the lightning round. play the sound and then the lightning round is over are you ready? br fred in new york fred >> hi, jim i would like your thoughts on abea >> true. we are totally against companies that have no -- that was what the fed did. it's going to knock out some good stocks. i don't care i got to be very careful so we're going to say no let's go to sandra in arkansas sandra >> dr. cramer. thank you. i've been watching you for years and with your guidance, i've been able to retire earlier than
6:49 pm
planned, so thank you. >> yes, yes. tell that to all those clowns in the column on twitter don't have ten seconds for me or ten cents. >> a couple of weeks ago, i picked up some shares of a stock that seems to check all the boxes. low pe, high dividends and balance sheet, but it just keeps going down it's enterprise products partners epd. >> i think it's a very good company. it's going down in part because there are lot of people who own these partnerships and keep sellin selling them it's right to buy. bill in new york >> thnanks for taking my call. hey, i'm love to hear your thoughts on cmps >> you know what, that's, it's against depression and i know it makes sense. the problem is once again, i am
6:50 pm
being very tough if it doesn't have earnings or very soon, i have to say no. let's go to mark in wisconsin. mark >> jim thank you for taking my call happy holidays and good health to you and yours >> thank you i need to know if this stock is a lump of coal or good milk and c cookies. the ticker symbol is doma. trades on the nyse name is doma holdings. >> lump of coal. most definitely. to michael in california michael. >> mr. cramer, how are you >> i'm good. how about you? >> doing well, thank you just real quick. i wanted to get your thoughts on mgm growth properties. ticker mgt
6:51 pm
>> i like it i think with a 5.5% yield and some good, it's got very good cash flow. so i think you have a winner and i'd stick with it. santos in new york >> the company pharmaceuticals, ticker ino >> no. came and went. forget it. stay away. don't want to touch it you shouldn't either how about marty in california. marty. >> yes hello there, jimmy my stock is ppgi >> no more blank checks. this has become, you have to understand, the world changing, the fed has decided to go against the bulls. and i know i cannot just continue to dig in my heels with companies that i think are going
6:52 pm
to lose people money because at one point before the fed decided to tighten, i may have liked it. i made a mistake i have to move forward same lessons of the investment club made a mistake explained the mistake, move forward. and that, ladies and gentlemen, is the conclusion of the lightning round. don't let another wave of covid stop you from putting your money to work. this holiday season, cramer's helping you game plan for anything next
6:53 pm
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.
6:54 pm
to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right on the platform. because we take trading as seriously as you do. thinkorswim trading™ from td ameritrade. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care. i didn't have to shout out for help. because you didn't have another dvt. not today. one blood clot puts you at risk of having another, so we chose xarelto®, to help keep you protected.
6:55 pm
xarelto® is proven to treat and reduce the risk of dvt or pe blood clots from happening again. almost 98% of people did not have another dvt or pe. don't stop taking xarelto® without talking to your doctor, as this may increase risk of blood clots. while taking, a spinal injection increases risk of blood clots, which may cause paralysis. you may bruise more easily or take longer to stop bleeding. xarelto® can cause serious and in rare cases, fatal bleeding. it may increase your bleeding risk if you take certain medicines. get help right away for unexpected bleeding or unusual bruising. don't take xarelto® if you have an artificial heart valve or abnormal bleeding. tell your doctor about all planned medical or dental procedures and any kidney or liver problems. help protect yourself from another dvt or pe. ask your doctor about xarelto®. to learn more about cost, visit xarelto.com or call 1-888-xarelto
6:56 pm
nobody wants to think about buying stocks as the market getting steam rolled by yet another wave of covid. that's exactly what you should be thinking about and doing here what works at this point look at what happened in previous ways. megacap tech stocks were the ones that bounced back the fastest. been happening for years take faang these stocks cratered then
6:57 pm
rapidly recovered, rebounding far faster than most now, netflix is easy to understand if you go back to the peak of february '19 netflix plummeted from around 390 to around 290 at its lows in march, but then the stock bounced back hard, break out to new highs by mid april that rhyme means netflix could be a pretty good bet here as are some of the video game plays, like take two and nvidia the online retail fell from 2,170 to below 270 peak to trough it started making new highs in the second week of april i think the second thing could happen again augmented by holiday buying for those afraid to shop in person thanks to omicron, which we know is growing pretty quickly. according to the new jersey state health department who called me today, this variant is
6:58 pm
70 times more contagious than delta, which makes me want to buy amazon right now b google and facebook took it much harder because they're so dependent on advertising they didn't return to their highs until a few months later you could say two out of four ain't bad. i'd say four faang names could be bought. they traded purely on sales that were so popular. put it this way. we own three amazon the making my life easier by sticking to the original name you can follow the trust by joining the cnbc investing club. we sent a bunch of notes today more recently, we've taken to throwing apple and microsoft in with the original faang game in 2020, apple got almost cut in
6:59 pm
half they were making new highs again that june. most importantly, faang plus metropolitan all recovered long before the s&p 500 which took until august to climb its way back e even better, faang kept chugging higher when you look at the makeup, they weren't that impacted by covid. it was insane that their stocks were down so much in the first place and it's insane they're selling off again, which is why i pushed them so hard twice on "squawk on the street" this morning. they're benefitting from new product cycles and because the market's not going to crash like it did in early 2020 in the end, you have to recognize that big cap tech has many secular growth characteristics and the biggest ones that terrific management. which is why i expect their stocks to bottom before the rest of the mark. we don't have the stimulus now, the fed helping us, but we have
7:00 pm
a lot of money looking for a home as they get hit by the omicron weakness, you've got my blessing to buy all six it's that time can't be too early can't be too late. it's just now. i'd like to say there's always a bull market somewhere. promise to find it just for you here on "mad money.". are you sick of covid? and are we doing it all wrong with this omicron explosion? i'll ask the cdc director. i'm shepard smith. this is "the news" on cnbc new urgency as covid cases explode. officials introducing new measures but no lockdowns. >> we can't close down the city every time a new variant comes up. >> and the new data out that's boosting confidence in one vaccine. senator joe manchin torpedoes president biden'

163 Views

info Stream Only

Uploaded by TV Archive on