tv Mad Money CNBC December 22, 2021 6:00pm-7:00pm EST
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>> you know what i like cisco, dinosaur with a dividend. >> guy adami >> beaks, airbnb in nantucket. >> airbnb in nantucket thank you for watching happy holidays noon,"t ar rhtig w. airbnb and than nantucket. >> "mad money" 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 cramerica other people want to make friends, i just want to help you make money call me at 1-800-743-cnbc. tweet me @jimcramer. is covid on the run?
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we know better than to say happy days are here again. we did get some positive news today that made us feel we were seeing the light at the end of the tunnel dow gaining 261 points today we got three pieces of incredibly positive news out of nowhere. first good news looks like the monster that is the omicron strain isn't as deadly as many of us feared, especially if you've been vaccinated in fact, it's already been burning out in the places you've seen it. it's falling off a cliff in south africa it's ravaging us here now. it should peak within a few weeks. even if it doesn't, the fact that it's less deadly means it's less likely to overwhelm the health care system
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second slice of good news, we got the pill we need to stop covid in its tracks. the fda finally approved pfizer's drug when taken quickly after the virus, stops it 85% of the time this pill can be taken at home may be the biggest game changer of all right now it's only approved for people of high risk but it could quickly be approved for everyone else pfizer could only make a couple hundred thousand doses now, we could scale that up if the u.s. scales up the defense production act. even if the government does nothing, pfizer is confident they can make 120 million pills by the end of next year. that's it. that's just -- that's just fantastic news finally, get this one. scientists at the walter reed army institute are testing out a vaccine they believe works
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against every strain of covid. that could truly put an end to the pandemic all we have to worry that short term some hospitals will be overwhelmed with omicron victims. if you are vaccinated it's far less likely to put you in the hospital i got over it quickly. wouldn't have even known i had it not ideal but far better than we thought. so what does that mean for your portfolios it's not mad science, it's "mad money. first, i think we can take the positive for the lockdown off the table. spring of 2020 you saw one industry after another get obliterated. that is not going to happen this time schools wouldn't close we don't have the political will to close all sorts of different enterprises. worst case, might see social distancing restrictions but i doubt we shut everything down.
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a one shot vaccine on the way and the trajectory of south africa we're not going back to march 2020 second, once we get through the next few weeks we can resume the scenario that i like so much that means going places and doing things that's why the cruise lines, airlines, hotels and payment stocks are all flying. if you care about balance sheets, that means you should buy norwegian cruise, delta, marriott and visa or master card, the latter being a big position for our investing club. the credit card names aren't cheap but they're better than the banks. you want stretch names i have a couple of them. the biggest is wynn resorts, wynn it's been clocked by covid. it does matter then there's the elephant in the room disney with the big slate of upcoming films and theme parks and disney
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regaining it if you watched the interview with bob iger, didn't it make you want to buy some finally, there's chipotle. it's making a ton of money from the drive throughs before the rest of the place is open. it's called a stalemate. the stock is doing nothing i think people are worried that the omicron strain meant lockdown i lee peat, there will be no lockdown even if there were, chipotle did great. third group that works, we almost always get a rally in cyclical stocks at the beginning of the year. they take a look at how the companies could do not how they will do very hopeful hope springs eternal in january. i know that sounds silly but it happens every single year especially when the economy is in decent shape. just today i saw an analyst upgrading caterpillar.
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you want one david faber gives me a hard time about this one boeing it can't be that long until china ungrounds the 737 max and the faa green lights the 787 we're up on it it's not like wynn which is just -- i don't want to say catastrophic boeing, we're up one i think you make a strong case that the stock is ready to make the next move now. i know things won't ever go back to normal. it's just not. i don't think we'll ever get white collar workers to go back into the office u, more on that later. people who say not today, maybe tomorrow there's a back to the office backtrack. we have to go through massive omicron outbreaks in the next two weeks. you test for it, it's negative, you think it's okay. you still give it to others and then turn symptomatic. i was a particular covid donor
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but so were people to me knowing that they had it you wonder how come it never ends in the nfl when they test every day. we have an actual emergency room doctor from harvard who has a plan for dealing with the hope of omicron and it would give us a middle ground. lockdown off the table there are enough boring economists with nothing but time and data on their hands saying supply chains are stretched, housing is too high, which it is, and corn is too high, credit is too easy. the fight tighten more aggressively taper, not taper what kind of life is that? four things they can say a month ago when we first heard about the fed's pivot the market was terry fight. the last two weeks we discovered something a lot more frightening. you should be very afraid of omicron if you aren't vaccinated actual fear of life versus fear of fed if you believe the negative economists who want the fed to
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raise the rates, buy the bank stocks they're on sale. as well as growth tech stocks. the same that worked after jay powell was getting hawkish, you can buy again. the bottom line, no, happy days are not here again happy days could be here soon. maybe you buy some stocks accordingly. let's take calls let's go to joe in my home state of new jersey. joe. >> caller: hello, mr. cramer hope you're feeling better >> man, i'm feeling terrific i ran a marathon this morning. well, i mean, i went up the stairs okay that was a marathon. what's up? >> caller: i put a buy order of $35 on canada goose and it executed >> okay. >> caller: they had reported better than expected earnings the last quarter and with them not using real fur in their coats should i hold or sell it
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>> well, i've got to tell you, i am not enamored of it. really cold weather, buff the main reason is they should have done more than be canada goose by now i say time to move on. let's go to ken in california. ken. >> caller: boo-yah, jim. how are yeah >> i'm doing well. how about you? >> caller: i'm doing well, sir hey, listen. i've got a question for you. it's no secret retail stocks have been getting absolutely bombed lately. i'm someone who likes to invest in real utilities so it hurts me to see people up huge on these i'm currently in the hole on ticker jwn for nordstrom so i'm wondering, it kind of fell off a cliff at the end of november there with the supply chain issues i'm wondering, would now be a good time to double down, ride out the storm or should i cut miloszs and run? >> if they had no debt this
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would be a lay-up because they hired someone to be able to explore spinning off rac if they do that, they have a ton of debt. therefore, what you'd be getting is you'd be getting something that's worth a lot more in rac and you'd also be stuck with another thing. i have to tell you, i think the stock will trade at 25 realize that they own rack but beyond that i'd rather own jenner rack than rac. >> let's go to tyler in tennessee. >> caller: hey, jim. thank you for all that y'all do. i've been holding this stock adding to my position for years. i am currently in the house of pain i should have known better after learning my lesson with the netflix and starbucks. i thought chinese amazon was different. i have a long term view and wonder if there is a level to buy more buy, sell or hold alibaba? >> okay. alibaba is down about 50%.
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as soon as you say sell alibaba there will be some yahoo firm that will buy it what happens the next day. someone says i want to buy alibaba. the chinese communists say we're communists, what were we thinking we're not capitalists, we're communists that's what hurt the stock market happy days may not be here yet, but there is some light at the end of the tunnel so i think you ought to do some buying. travel trust if you are looking for names. sign up with the investing club and you'll get some real good ideas today on "mad money. tonight the omicron variant is wreaking havoc across the country. i'm talking to a doctor in the know eli lilly exploded hard but after pulling back are the investors getting the buy back from the drug kingpin with the best pipeline? i'll give you my take. paychex jumped today
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i'm going straight to the source to see what was behind the strength it's not just the economy, it's paychex 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 dth cnbc dth com.-n-b-c dth com. 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.
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better than delta variant. omicron replicates 70 times faster than delta in human airways. you can catch it even though you're vaccinated. it's less damaging if you had three shots. that does matter the new strain spreads like wildfire do we need to worry we'll get overwhelmed again? you know lockdowns are off the table? they're always off the table is there anything we can do to stop that from happening tonight we're talking about dr. jeremy faust he's an emergency physician at brigham & women's hospital in boston he's an instructor at harvard med school and by the way front line doctor who's written extensively about circuit breakers, short-term measures and stop the spread. rather than shutting things down for a few days or a week, it could prevent hospitals from being over run let's talk to dr. faust. welcome to "mad money," sir. >> great to be here, jim
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>> okay. so, doctor, i think that there's this false dichotomy americans seem to think everything should be wide open or they're going to be locked down you've come up with a very common sense, practical way to keep systems like the 100% hospital capacity in counties all over this country already in business without a vast shutdown can you describe your circuit breaker solution >> sure. the idea is that if someone has a heart attack or has covid, we want them to be able to be treated and get the life saving care that they deserve and that we can provide, but if the hospitals are over flowing for any reason, we can't do that and those are preventible deaths so the idea here is to find the places leveraging real time data that we used to not have and we can leverage that information to identify the places where the bad combination exists and that combination is not enough hospital beds right now and too many covid cases in the
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community right now being diagnosed that tell us that even if a small percentage of those people get hospitalized, that number will actually lead to the hospital beds being too full in several days from now. that's something that we can anticipate and we can actually react to in time so i think that's the best part of this is it's narrow, it's nimble and it does an achievable thing that we can all get behind we want to have access to the life saving care that our system can provide. >> now, dr. faust, we got the news from the fda today about the pfizer pill, 89% -- 89% helpful. will that do anything to reduce the circuit -- the need for circuit breakers and then against that, the unvaccinated aren't some of those hospitals just kind of going to be massively overrun by omicron >> it really depends omicron is so complicated to think about because on one hand it could be that if i get omicron right now i'll be fine but i can't go to work
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so is there another doctor who can fill in for me so there's a capacity issue we have to watch. that's one big thing that's why i think mobilizing things like national guard that has doctors, that's a great idea, in case health care workers can't go to work in terms of things that can change the circuit breaker threshold, because that's what you're getting at, jim, things like medications might do that, things like higher vaccinations might do that. what's great about the dashboard and what i wrote about, it takes a lot of that real time data into account so, for example, if the usual rate of hospitalizations goes down, we actually know that and we pull that data automatically and say, you know, it used to be that 4% of reported cases were hospitalized we're seeing it's only 2% so we can adjust for that. look, the hospitals can anticipate they're not going to be as overwhelmed as maybe they would have been a month ago. so the nice thing here is that
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we're relying on real time data so that we don't make the wrong call >> now obviously i think that there should be counties all over the country calling you you publish a map that i think is going to look very polyannish in a couple of days it has counties that are completely overwhelmed. have people been saying, dr. faust, what do we do we don't know how to predict this >> not really. the idea we can do this is new and novel. i came up with this and went over it with an epidemiologist literally over the weekend i sent this idea to federal officials and yesterday or today i can't remember sent this dashboard saying, give this to local officials and let them run it because every single county can see where they're at there's some discrepancy between federal data and local data. it's a prototype
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the idea is anyone can just go to the dashboard and see if we have a situation in which they're already at capacity, we think they're going to be soon and, yeah, i'd love to see this tool in the hands of officials so they can make the call. look, we're close but we're not there. maybe let's reduce indoor dining capacity to 50%. maybe let's make sure the arenas are having a different capacity or maybe we have to do a little bit more than that, it gives them enough time to act. because we know how the transmission of the virus works and we know how long hospitalizations last and what the lag will be. we can give this information to officials who can go back in time it's actually actionable >> yeah. it's actionable and it's practical, which is what's been lacking so much. dr. jeremy faust, you are an
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unbelievable follow on twitter you have a great newsletter and you've done a fantastic job throughout the pandemic. thank you for coming on "mad money. brigham and women's emergency hospital thank you. >> thank you. >> stay with cramer. >> announcer: coming up, investors may have swooned at a mid month lily lead, but how does omicron change the calculus for a company combatting covid find out when "mad money" returns. early audiences give "sing 2" an a+. [ gasps ] and a 97% on rotten tomatoes. ♪ 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." age before beauty?
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and not just generate sales. if you don't know what it's going to be as i saidat the top. earlier of the week i told you about three of my favorite drug companies. break them up. break up their darn businesses in order to unlock value tonight i found another one, one that is the best of the current moment i'm talking about eli lilly. lly. the $250 billion big pharma indiana powerhouse that i like so much that we talked about for the charitable trust join the cnbc investing club now we started building a position in lilly back in october. since then the stock has caught fire this is up more than 50% after a monster run the stock is falling out for the fall which is when we pounced on it for the
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trust. that's what we like to do. we buy weakness. last week that bet paid off. last wednesday lilly held this incredibly bullish investor day. it fell $25 for 10% which is the ridiculous single day move since then it's pulled back hence why i'm talking about it tonight. i wouldn't be surprised if it's got a lot more room to run and reverses position and goees higher we'll go into what happened last wednesday. when you are looking for a drug stock, the single most important part of the story is the pipeline the new drugs that they're working on lilly has the best pipeline in the entire industry. the bets have started paying off over the last few years. a lot of stuff doesn't work out for drug companies not for lilly. this goes back a long way. starting in 2014 lilly began delivering 20 new medicines over the next decade.
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7 of these drugs, 7 could do north of 3 bi$3 billion in sale. they're not just blockbusters, they're mega blockbusters. the spider man of this universe. 58% of lilly's core revenues contributed 76 percentage points and it will be many years if they lose the patent protection. remember, this was a decade long plan they have a few new products in many cases bigger than what they have now. more specifically in recent years lilly has prioritized several items. dna or rna-based medicines in terms of economic impact, obesity is one of the largest global health impacts. causes one out of every five adults to lose it.
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as for alzheimer's, it has an enormous untapped market as we've seen with the mrna covid vaccines na work so much better than the alternatives lilly has two of the most highly anticipated product lunched in the industry the alzheimer's treatment that has surprisingly strong clinical trial data as opposed to b bio gens and trezepize two of the most valuable projects we've ever worked on and maybe the most valuable projects in the industry right now, end quote two. they both belong to lilly. they expect to get fda approval in the first part of the year
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and the alzheimer's drug in the second half. 2022 is the year of eli lilly. how big could the two drugs be according to jpmorgan, it could be a $15 billion opportunity or greater while the other could have peak sales of over $10 billion just from diabetes it could be worth even more if it gets approved as an anti-obesity pill. that fabulous pipeline is the reason this stock has caught fire lilly has great management they know how to execute over the last five years the company's operating margin has risen from 20.7% to 30%. kind of remarkable and through 2030 management thinks they can bring that up to the mid to high 30s depending how much they invest in r&d.
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they're spending money investing and their profit margin is going up we have a lot of positive news first, lilly gave you an incredibly bullish outlook management said they expect revenue to be roughly flat they forecasted $8.50 to $8.65 per share. wall street was looking at eight bucks. that's 8:15 to 8.20. they're guiding for another 200 basis points for operating margins. that's also part of the reason why it went up so much management gave you robust long-term forecast they have limited patent expirations. they have a bunch of products in 2024 including the two huge ones next year that should be able to support top tier revenue growth in a decade. lilly wants to raise the dividend, buy back stock and use
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it in the current environment. over the last five years lilly has been the best performing drug in the stock market it turned over 300%. nobody comes close except for nordis how have they been able to do that lilly gave us data the projected sales of the late stage pipeline drugs, lilly is getting much more bang for its buck either they've gotten very lucky repeatedly, i tonight know about that, or they simply figured out how to do it better, right they're better than the competition and that's what i'm betting on there's a lot more to like here. lilly has a great oncological platform and they could do $425 million in covid antibody sales next year although i'm not counting on that i could go on and on but the point is this stock has a ton of terrific catalysts
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bottom line, lilly exploded higher because its future is balanced in the last few days the stock has pulled back from the highs and now you're getting another bite at the apple. i think you should take it speaking of take it, take phone calls from jim in maine. jim. >> caller: hello, jim. how are you? >> i am good how are you? >> caller: good. very good. i want to wish you a speedy recovery from this damn virus. good luck to you >> yeah. it's made us tired but we're fighters how can i help you >> caller: jim, i was calling about a stock that i've gotten beaten up lately and in the past it's done well the name of the stock is canopy. i was wondering if it's -- >> canopy growth >> no, i'm not recommending any of the cannabis stocks they need too much right now to make it go
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this stock is interesting. the stock was downgraded again today to sell. almost everybody has it at sell. it's holding at 9. if you want to buy it for a trade, it's fine i don't like the cannabis stocks because i think that you need help from the government and when you need help from the government, you're in big, big trouble because the government is not going to help anybody all right. now lilly's future is balanced use any weakness to get in much more "mad money" ahead including my discussion with paychex. how is paychex doing it's one of the biggest payroll processors then home is where the work is give you a handful of stocks that will continue to rise in the home office which isn't going to change even if we beat omicron. all your calls, rapid fire in tonight's edition of the lightning round so stay with cramer
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ask your doctor about xarelto®. to learn more about cost, visit xarelto.com or call 1-888-xarelto want to know why the fed feels confident enough to tap on the brakes in this economy even though we have covid all over the place? look at paychex. that's why they exploded higher today this is a company that's the second largest payroll processor in america with a big outsourced capital management right now paychex is doing very, very well. now this morning they reported a blowout. 11 cents earnings beat off an 80 cent basis 13% year over year much better than expected numbers. even better, management raised the full year forecast for the second quarter in a row. six months ago they talked about 10 to 12%. now they're saying 18 to 20.
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no wonder the stocks surged higher paychex has a habit of reporting stronger numbers these results were too good to ignore do not take it for me. let's talk to marty muci what comes next, mr. muci. welcome back to "mad money." >> thanks, jim thanks good to be here. >> yes marty, now look, you had the highest year over year growth in new annualized revenue in over five years you guided things up significantly. what is happening in this country and happening to paychecks that you can do this >> well, jim, you know, you're seeing some -- certainly some tail went as we're seeing macro improvement. we're continuing to see jab growth we're adding clients we're adding employees and work site employees to our clients so more checks. that's helping revenue really, great execution on the sales side we had our best sales quarter in
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the first half of the year in our history and we're having still almost near record retention of our clients >> now you also had amazing gross margins. some of this is because i think you guys embraced technology in a way that many white collar firms have not done. talk about some of the things you've done to make it so there's money flowing right from the bottom line. >> sure. we've automated an awful lot of the service function so we're there for clients the way they want to do it so it can either be through chat, automated chat bots, they can self-install many times to our sure payroll model and even some of the paychex flex products. they can start to on board themselves that not only pleases the client but it saves us a lot of calls and allows our payroll specialist to do more to help our client >> i thought it was interesting,
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someone was worried about inflation. you are bizarrely a net beneficiary of inflation >> well, yeah. you know, you see one as interest rates rise, that's the expectations now of course you know that helps us quite a bit on the float. we haven't gotten a lot of that float in the past but we have about $4 billion in client funds that we hold at any given time and we earn the float on that and so as interest rates rise, that will help us. also i think from an inflationary standpoint it gives us a little bit more pricing power. it also is -- there is some real growth from our clients though that we're taking advantage of more revenue per client we're getting from them as they buy more services. >> now speaking of services, i'm trying to understand this, but retirement is at an all-time high you actually make money off of retirement. >> yeah. yeah, jim. we hit a new client milestone.
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over 100,000 clients now we're one of the leading providers of 401k plans. as you know, it's a tough time to attract employees and retain them they're looking for more benefits for their well-being. one of those is retirement more businesses, small and mid-sized businesses are looking to offer retirement plan second, many states have now offered mandates and required mandates that you must have a retirement plan almost no matter what size business you are some are already in place and some like california will have penalties starting in june if you don't have a retirement plan for your employees >> you've also become a trust adviser. i'm not crazy about the rules. the rules make sense, i'm sure pandemic rules things when you call an hr department, they really don't have that expertise but you've developed it at paychex. >> well, we have and a lot of it is automated technology.
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we help our clients handle a distributed workforce. even if you hire someone bring them into our payroll system or hr system without any paperwork at all if you have issues with vaccinations and how to track them, we've introduced a product that does that the team has seemed very agile it can respond to the covid needs. >> marty, the stock's been remarkable you're a conservative steward of cap capital. great yield and great dividend i want to congratulate you in getting the chairmanship not just ceo. >> thanks, jim hope you're feeling better. >> okay. absolutely thank you, marty
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over are you ready skee-daddy i'm going to start with kathy in california kathy. >> caller: hello, jim. a great big boo-yah to your brain. i'm so excited to talk to you. >> wow my brain says thank you my brain comes right back at ya what's going on? >> caller: exc exelon it's banking on it growing greatly in the next five years >> i think you're right. i think it's terrific. it's a couple of bucks ahead of itself you have a winner there and my brain thinks so too. let's go to mike in washington mike, mike, mike >> caller: hi. i want to say thank you, jim, for your expertise and for sharing it >> oh, thank you thank you. what's going on? >> caller: well, i'd like to ask you about -- i'd like to get your thoughts on clean energy, clne >> well, we are in favor of companies that are actually making money now there was a period where you
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could get in something and not make money -- and the company not make money and you do okay that company has to deliver on the earnings, it just has to. >> let's go to conrad in new york conrad >> caller: hey, jim. happy holidays >> conrad. same to you. >> caller: all right thank you. jim, i'd like to get your opinion on care trust reit i like your opinion. >> if i'm going with assisted living, i'm going to bentos. i don't want to go to the group in general it's too hard right now. too many things can go wrong because of omicron betsy in california. betsy. >> caller: well, hey, jimmy. two things, one, i hope you feel better okay i really do. >> thank you >> caller: i do belong to your services because, of course, they're the best now here's my question here's my question, jim.
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i have never heard you discuss this stock it's a financial the profit margin is 29.35%, better than your morgan stanley. the growth is 22.0, better than morgan stanley one year return is 56.8 and the stock i'm talking about is actually a sponsor of your show, which is schwab. so i'd like to know -- >> i like schwab very much i have been a client of scquhab. >> morgan stanley sells at half. schwab is a great company. let's go to david in florida david. >> caller: hi, jim big west palm beach boo-yah.
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i'm in a house of pain. >> which one which is your pain house >> caller: well, c3 ai do i buy more, hold it or sell it >> no. it has to make money that's the whole point if they're not making money, we're not recommending them. we have enough problems with the ones that are making money the only one that's not making money is snowflake and frank sluman let's go to dan in kansas. i love it. the chiefs dan in kansas. dan. >> caller: that's right. boo-yah, jimmy chill, from the land of patrick mahomes. >> oh, man i hope kelce is okay >> caller: how are you doing today? >> i'm making a comeback i'm a little more -- you know, i'm fair i think if the quarantine should end. i play by the rules.
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what's going on? >> caller: ignore the haters as one of your disciples i own a high growth tech stock that has actual earnings. should i add to my position in the trade desk >> you know, jeff green is real. that company is real i wouldn't mind you buying more of that stock. i think they're a terrific company. let's go to steven in new jersey steven >> caller: boo-yah, dr. cramer this is steven from new jersey first-time caller and long-time listener my question for you is roblox. >> oh, i like bazookie that is one of my meta verse names. that remains a solid meta verse name and my favorite that we've not mentioned in 36 hours as i like to tell it. we're not going to end let's if to harold in new york harold. >> caller: boo-yah, cramer happy holidays >> boo-yah same >> caller: i wanted to talk to
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you about the stock i have is lumina lazr should i keep it, sell it, what should i do? >> look. i saw there was an article in some publication saying ford is ready for a fall as soon as i read that i say go buy some ford. companies that make money is what we're looking for in the ev, ice space and that, ladies and gentlemen, is the conclusion of the lightning round >> announcer: the lightning round is sponsored by t.d. ameritrade coming up, if home is where the work is, will home focused stocks be where the profits are? cramer ids a key secular trend you won't want to miss next. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective.
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and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. alright, here we go, miller in motion. wha — wait, wait, is that a... baby on the field?? it looks like it, craig. and the defensive linemen are playing peek-a-boo. i've never seen anything like that before. harris now appears to be burping the baby. that's a great moment right there. the ref going to the rule book here. what, wait a minute! harris is off to the races! we don't need any more trick plays. touchdown!! but we could all use more ways to save. are you kidding me?? it's going to be a long bus ride home for the defense. switch to geico for more ways to save. earn about covid-19, it's going to be a long bus ride home for the defense. the more questions we have. the biggest question now, what's next? what will covid bring in six months, a year? if you're feeling anxious about the future,
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once again the home stocks are leading the market it's become too hard for employers to wrangle people back to the office. home is where the work is. or omicron a big backlash by the bosses against the white collar rank and file to continue to work remotely jpmorgan was going to host their incredible health care conference in person they canceled it ces. huge conference for the consumer
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electronics show game on. now it's looking like it's postponed. omicron is sweeping the nation it's called the so what factor nobody wants to host the super spreader event so what if we aren't in person i know we thought the lockdown stocks were played out this time another shutdown seems it is off the table. however, there is now a sense of even the most pro on premise executives that it's over. white collar workers will keep working from home because the home is now a real good office which brings me back to the stock market there is a white collar, top white collar it is getting a second win what works good here first and most important, williams sonoma.
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i simply cannot believe how far the stock has fallen when we were in san francisco. in a world where everyone is talking omni channel, this is more omni channel than anyone else in the company. the stock has fallen 50 points from the high. even as the business has gotten stronger and stronger. when the bosses fail to wrappingle employees back in the office, those will outfit their offices with furniture from williams sonoma. that makes no sense to me. the stock can fly here the bosses love their houses why don't the bosses have their rooms made up by williams s sonoma they'll come and do it for you rh they had a monster quarter the stock is down gigantically i can't emphasize enough how unusual that is. finally, talk about an opportunity to buy a tesla i think the new opportunity is
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core tesla buyers. they can plug it in. we do have some in those parking lots what about tech? i don't think there's going to be another wave of personal computer done waste of money to buy a new one. that feels played out to me. now that the big dogs are being forced to stay home cybersecurity will become a huge issue for them many are trying to address problems the one i rely on as a thought leader when it comes to hybrid work is palo alto networks he has a device for your home that i can see every top executive considering now that home is where the work is. i know that covid seems like it's on the run. we've seen how omicron peaked in south africa the execs who prided themselves to bring it back seem like cruel task masters i think many will throw in the towel and adopt an if you can't beat them, join them strategy.
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that means those who make the most money are about to build themselves pa lasch shan home offices. you want to profit with that because bosses, remote work, it's here to stay. i like to say there's always a bull market somewhere. i promise to try to find it for you here on "mad money." i'm jim cramer see you tomorrow "the news with shepard smith" starts now a new way to fight back against covid plus mandatory self-defense training for the not so friendly skies. i'm contessa brewer in for shepard smith. this is "the news" on cnbc america overwhelmed as cases spike, but now a new weapon in the fight against covid. >> the first pill that you can take at home. plus an encouraging new study about the severity of omicron. long lines building up at airports across the country. >> wear your mask, getting vaccinated. >> the christmas travel forecast ahead and new training for flight attendants. >> g
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