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tv   Mad Money  CNBC  December 23, 2021 6:00pm-7:00pm EST

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out there. >> thank you bonawyn. >> xlv, a technical setup, wants to break through apprecia yteou appreciate you watching. "mad money" is next. have a great day 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'm just trying to help people make money. santa's not only coming to town, he came early.
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santa claus rally got rolling on monday and he's leaving us presents the dow gained 185 points. and, hey, why not? we've gotten some great news on the covid front the past couple of days. even though omicron has exploded across the country, the government has finally gotten serious about testing. it's looking like the strain is less lethal especially for the fully vaccinated throw in the antiviral pills which you can take when you're symptomatic. the pandemic has been downgraded from a hurricane 5 to a tropical storm. stocks are prepared to rally hard purely on the strength of seasonal patterns, fund flows and as you can tell, the absence of bad news, nothing's
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happening. it really is the most wonderful time of the year, at least if you own stocks so as you wrap up 2021 i think it's the ideal time to give out fantastic presents how about the cramies named after me because it's my show to those who helped us make money while handing out lumps of coal. let's make it an throwlhrow sit. the first cramie goes to fooesz. pfizer it's genius. pfizer stocks have languished. into the pandemic wall street was worried. now with the antivax boosters and the pill they sell tens of millions of these if they can make them. can't make them fast enough. runs from 37 to 58 doesn't even
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go far enough. i am stunned that our government didn't take its cue from pfizer and tell us that we probably need three or four vaccinations to stay ahead of the covid 'y. instead they called it a booster. pfizer was always concerned. they've been so consistent second kramy goes to them. the back of the best chips for gaming autonomous driving. it is perfect life like imitation that is can be used to make a digital twin of pretty much anything. whenever you hear a term like meta platform. talking about the potential of the meta verse know that it's going to be powered by the likes of nvidia. it's the enterprise side that gets me excited.
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in order to help businesses come up with better designs and eliminate most importantly waste. it's one of the biggest stories for the rest of the century. what manufacturer wants to shut things down as it figures out how to improve the processes and waste less much easier to use a digital twin meanwhile, it won't be long before we have digital avitars i bet they make far fewer mistakes than humans speaking 28 different languages. i know the chips are what really matters. under the leadership of the visionary ceo, the company's leaving the rest of the industry in the dust. the next one feels a little trite. elon musk. with the exception of ford's mustang mach-e he took the stock from $8 and
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some change to $20 elon musk remains the king of electric vehicles if not the king of all tax paying capitalists. i'm joyful now fourth cramie, we often don't salute the oils. devon nergy. the stock jumped from $15 to $40. he's got the ceo title and he has discipline the new devon is a different kind of oil company. it rewards shareholders rather than spending like a drunken sailor on new wells. it has an 8% yield by no means do i mean to sleight scott sheffield. he's done pretty much the same thing. in the old days discipline and oil men almost never belonged in the same sentence. that's all changed pioneer's trying to be cleaner
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and leaner final cramie, apple. rallied 33.5%. largest company on earth this is one year where the analysts wouldn't stop downgrading and reporters wouldn't stop trashing all you had to do is ignore them own apple, don't trade it. with the awards out, who deserves a lump of coal for costing us money people's republic for china. for decades it was communist in name only. now it's turned to the roots it's stopped every major stock from alibaba to j.b. company. the own shares are dumped by penn 7 the government ordered that. i'm not kidding, has president xi lost his mind not at all in order to tamp down on internal decent, he's stomping on the rich. people love it
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next i have to say the spacs and their shameless sponsors have done more to harm the economy since the dodd frank collapse. i wish the sec would shut these deals. why do people keep buying them a fool and his money is easily departed by a spac now the market's drowning in supply of both ipos and spacs. third lump of coal, i don't like what biogen has done with the alzheimer's drug and the fda went against the panel of doctors who actually analyzed the things. alzheimer's is worse i'm putting my money on eli lilly. their drug comes up for fda approval next year while we're hitting the shame. can i say that mo, larry, curley are the cdc, fda and the nih
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even when they're right they're doing damage they have divg messages or no messages some shoot from the hip, others say nothing. i know the biden administration wanted to defer to the scientists but they've taken that way too far finally, let's not forget about att wrecked by management. company destroyed one of the most pristine balance sheets in the industry it had to cut the one thing investors wanted from the company, shameless just shameless bottom line, look, i don't want to be a grinch 'tis the season to be jolly so let's just say that with the averages up nicely it's certain that santa claus has been hanging around town. let's take some questions. let's go to steve in california. steve. >> caller: boo-yah, jim, and major props for playing kirk >> thank you >> caller: you're welcome.
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as an employee i can purchase shares pretax with a 15% discount what do you think of loeds >> take as much as you can i think lowe's is going to do well market analysis. revitalize the chain i think by the way it will be another year for making your house look better. lowe's is a winner i look it very much. let's go to cory in massachusetts. thank you very much. >> caller: jim, thank you very much i've been a caller and avid watcher. i can't believe arena pharmaceutical. >> how do you like that? how do you like that >> caller: crazy pfizer has the kind of money to take a lot of shots. what's going on? >> caller: not much. thanks again for having me on. i've been trying to find some stocks that have been peaten down with the pandemic, right? i've been looking for strong network effects. got to tell you, this guy is a world class ceo. they've been executing as you know very good throughout the
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pandemic what are your thoughts on uber they were able to get a profit going this past quarter. curious to get your thoughts on the long-term aspects. >> first, thank you for the kind words. i have to tell you, corey. i saw 35 last week suddenly it's at 44. that shows me there's a lot of tax law selling that is now gone i agree with you it's well run. i think it has a chance to have a big year in 2022 thank you for those words. santa claus has been hanging around town this week and the spirit of giving i've handed out presents to those who are on this year's good list, pfizer, nvidia, elon musk, devon energy, pioneer resources and apple. on "mad money" as we hunker down, i'm going to sit down with the ceo boxed to find out if the public company could be the perfect investment for the moment before we close the door on
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2021, i'm talking about the destruction of the spacs and destruction of your capital and plenty of the plays that could survive the backlash it's the season of giving. to celebrate i'm highlighting one private company to give back i hope you'll give back too. and stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet kram jerel #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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through the next few weeks of the omicron breakout, i'm going to try to break out myself soon, there's a new company that's the perfect fit for the moment i'm talking about boxed which is like a digital big box retailer for consumables. it became public by merging with a spac and trades under the ticker boxd as in dog. they first joined us in march of 2017 on top of the eservice division they have access to the ecommerce platform take a closer look with shay wong co-founder and ceo of boxed. more about his story and the company's business mr. wong, welcome back to "mad money." >> thank you so much for having me, mr. chill.
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i remember that interview in 2017 i promised we'd go public and here we are years later. >> well, thank you i remember that interview well i looked at it again today i was so hopeful then and here it is. it's happening why don't you tell us about the growth since then because it's pretty spectacular >> yeah. you know, since then it's just been a wild run for all of us. so our business has flourished our business has diversified a bit. we've been servicing more business customers since we last chatted. about 25% of our revenue pre-covid became b2b covid provided headwinds you mentioned how we're poised for the post covid growth. the business business comes back we're well poised to take advantage of it. >> let's talk, chien, about software as a service angle. a few years ago amazon basically gave let's say its infrastructure for small to
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medium sized business to shopify. it was the dumbest thing amazon has done, the smartest thing shopify has done you sound like you've figured out how to help other businesses without giving the the goods tell us how that's worked particularly in asia >> what we've found is that actually this software and entire technology infrastructure that we built is valuable not just to us but to other folks as well we've began licensing it out and working with other gigantic companies as well. starting with asia, in the east and they can use the software and technology we've built we continue to hone it so it's a symbiotic relationship as the software gets better, that helps the benefit of us in the u.s. as well. >> since we've known you for a long time, i need you to think about this i would have thought there would have been fewer redemptions when
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you did your term for spac i wonder whether you think, geez, maybe an ipo could have raised us more money the reason i say that is i know you as a great company a lot of people i know have used you. how did that work that it was much less than the 259 million you would get? >> gross proceeds ended up being 189 million. the pipe that we raised and the folks that didn't redeem ended up being about 200 million in the traditional ipo we probably would have raised a little bit less than that given our market cap still sub a billion. it's a tough moment for spacs. we're one of the few that the street has responded well o. i think it's because of the story. i think it's because of everything we do and have done
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overall, man, it wasn't the easiest process in the world to despac. >> no. i think you have a great company. i was so glad to see it above 10 we've been so tough on the spacs but to me you give people a little sense about how the millennials, this is a very well known brand among millennials. some of the older people think, listen, if it's not costco, listen it works for people in the suburbs and the country. a lot of people in a hybrid home and also in the city must be doing terrifically >> yeah. you know, that's absolutely right. and partially why i thought anyone redeeming i was -- you know, i don't know why they would, especially given right after we debuted it it spiked up to 16, 17 bucks. if they had held on a few hours they would have seen great returns. overall is the starting line we'll continue to service the customers and continue to grow
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the software business. in our latest s4 filing we took up our revenue from 12 to 17 million this year and took up next year's number as wempt a lot of robust growth there also a really bright future for the overall business >> then one last thing, i need people to understand as much as i love costco, big position for my charitable trust, your actual cost model is as low as possible you don't have people checking people out and you don't have brick and mortar other than the fulfillment centers. >> yeah, that's right. that's absolutely true also our demographic is really different. the last read really surprised a lot of analysts on the analyst day close to 70% of the customers as of our last survey said that they lived out in the deep suburbs or in rural areas all across america these are people who don't have a costco or anyone else close to 30, 60, 90 minutes next to their home so we do think the demo fwrafk is a little bit different as
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well >> well, look. it's terrific. i've come a long way from 2017 congratulated. ceo and co-founder of boxed. i revel in your success. thank you. >> thanks, jim "mad money" is back after the break. >> announcer: coming up, as the curtain falls on 2021, the spacs are taking a bow cramer names his winners from a space that's claimed this year's calendar as its own next
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before we close the door on 2021, we need to tie up one of the biggest and strangest stories of the year. i'm talking about the rides and fall of the special purpose acquisition companies. the spac attack followed by the
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spaclash the blank check companies use the money to make purchases. this is the busiest year on record for traditional ipos but also the busiest year by far for spac fundraisers and spac mergers. as i've told you time and again, the spac deals have been disastrous for the public shareholders, disastrous however, they keep coming. a spac is a guaranteed win unfortunately, it's also proven to be a terrible deal for most of the companies that have come public merging with spacs as well as for the regular investor who got in too late, the general
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trajectory for the spac stories is lower and you'll rarely go wrong if you simply steer clear of a particular one or the whole group. but there are still some post-spac merger winners i think anything that can survive the spac lash deserves a second look. we've been following a group of stocks created from the deals that now have 193 names. when we look through the top 25 all up from the $10 benchmark. that's where all spacs start trading. while these winners tend to be down huge from the highs earlier this year, you know what, we've had some interesting stories when we look at the top 25 spac stocks they're a bunch of electric vehicle plays two, lucido and fiskr. you have a pair of electric vehicle battery companies,
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quantum scape, very controversial and the less known edifex you have charge point and wall box both of which have real sales already. yeah even as of course they're still losing a ton of money. the number one performer is mp materials. that's mary peter materials. they're the number one producer of rather earths in the western hemisphere you need their materials to make all sorts of technology including special types of vehicles stocks are down 17%, hard to say only but in this case only down
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17% from the peak in the spring. that is pretty darn impressive from a spac name there's one called luminar advanced driver assistance and autonomous driving it's not radar they use lasers to ping rather than radio waves the problem with these electric vehicle and adjacent stocks is most of them are very, very, very, very, very, very, very long way tfrom turning a profit. that's the last thing you want in an environment where the fed is getting ready to raise interest rates i keep telling you you want tangible stocks here, not conceptual ones. other than the materials these are all darn conceptual. what other groups are you in there's stem we've had them on. company that makes smart energy storage systems that allows them to power towards the toggle grid that one has excellent bookings.
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then there's archia, which is a renewable natural gas play that's a space i really believe in and will spend a lot of time on in 2022 you have package food names like utz brands and tattooed chef which makes plant-based foods. stick to the big dogs because they can pass on the rising cost to the consumer. then the top 25 spac stocks though there are three that caught our eye here that -- one of them you see all the time trading in the coral underneath. this is more of a conceptual stock but i like the stock matterport can scan real life spaces in order for digital twins. very useful for construction, office management and real estate development when you first heard the digital twin, it was jason wong and nvidia
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while the company is a long way from profitability, you know what, this could be decent speculation. it's a blessing. just be sure to put on a small position here and use any weakness to accumulate on the way down 2022 is not going to be a year for speculative stocks second is in the current environment. that's called open lending this is a lending enablement platform for the auto financing market basically they help lenders determine the credit worthiness of borrowers they're a technology tool from lenders. at a time when it's booming, there's tremendous demand. i like this. more importantly the company is putting up terrific numbers. they reported more than 49,000 loans certified using the platform up 138% year over year up 98% open lending should be able to earn a little over $1 per share this year which means the stock currently sells for 23 times
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earnings that's earnings. you didn't hear me wrong, earnings it's only that cheap because the group is expected to disclose next year. you have a good entry point. right now open lending is being weighed down by, yes, the chip shortage which is hurting auto production fewer cars equal fewer auto loans. after what we heard from micron, i wouldn't be surprised if they could overcome that sometime in the middle of next year. that's why i would be a buyer. the negatives are baked in finally there's a company called blue owl capitol there's a spac merging with two comp companies, owl rock capital and dial capital partners. both part of the private equity. owl rock is part of a private equity firm.
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dial is the other side of the business makes minority investments alongside hedge funds and private equity firms if they need more cash when it's trying to buy something, they can turn to these guys for help. niche but smart. it's a buy while most spac stocks have been hideous performers, there are still some winners here and a few are even worth buying. i am blessing matterport for extreme speculators, open lending for auto loans and blue owl capital as an arms dealer to the private equity space you know what, i think we should take some calls and we're going to start with alex in indiana. alex >> caller: hey, boo-yah, mr. cramer how are you doing and merry christmas to you >> boo-yah same to you, partner
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what's snapping. >> caller: i'm good and i hope your wife is doing better. >> she is doing better i ring this and she comes. so i think things are better until she knows i just did that and then i'm getting divorced. whatever go ahead >> caller: it's good to hear she's getting better my question i'm calling in is i have a 3 to 5-year investment and i've been interested in this company called skills. unique partnerships with the nfl. they recently acquired rt digital marketing company with a reach of half a billion users. the cto stood down for supposedly health reasons. i'm not too sure about buying more of it it's went down 12 to 8 bucks one of the things that got me interested again is that it's -- it got a lot of insider buyers it has the ceo and cro the ceo, mr. paradise, he sold
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his business he built to intuit with a huge interest of around 22%. i'm just not sure that there's anymore shorts that can really push it down further i'm wondering, is this a good time >> they're losing a lot of money so i'm not going to urge you or suggest that you average down. they do have sales growth so i don't think you need to sell it. it's not necessarily putting good money after bad but they need to make money before i'm going to urge anyone to buy a new stock. thank you for the kind words let's go to mark in pennsylvania mark >> caller: jim boo-yah. how are you, my friend >> i am good how about you, mark? what's going on? >> caller: wonderful i'd like to thank you first for introducing march technology so far i am up 31.5% i own about 500 shares for the
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last two years i have made some money and recently i lost my shirt and you mentioned on your show a while back stay away from companies with high pe ratio and no earning in this rising interest rate environment so my question is should i liquidate my 500 draftking shares and cut miloszs or hold on please? >> look, penn national is one of the worst performers don't touch it as new states become -- get licensed, these guys have been winning but there are so many players in it that that's why i think it's going to be in this cost battle position game and it costs a lot of money to get it i would not sell the stock thank you for the nice words 2021, the year of the rise and
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the fall of spacs. the spac winners are few and far between, but i like this matterport for extreme spending, open loans and blue owl capitol as the arms dealer for private equity space in the spirit of holidays i'm buying one private company that's giving back with a point and a click and i hope we encourage others to do the same. aisle find out if it can serve as a template for other businesses and we'll talk about the non-farm payroll companies and all your calls, rapid fire and a happy holidays edition of the lightning round so stay with cramer ♪ ♪ ♪ digital transformation has failed to take off.
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because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work.
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as we wrap things up for the year, how about a feel good story before the holiday weekend. get rid of scrooge regular viewers know business is the powerful force in america. even the ones that do, there are so many bads about it. what does this look like maybe it looks like seladon financial roup it's been in business for over three decades. last year as covid wreaked havoc across the country and helped fuel a wave of unrests, seladon supported more for charities a portion of the commission from every trade they executed is directed to a charity of the client's choice. not only does this help raise money it introduces people to a host of charities that maybe they've never heard of otherwise. this sounds like a great program, maybe even a template
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for all of us. let's take a closer look with darryl hurst and suzanne welcome to "mad money." >> thank you, jim. >> darryl, let me start with you. i think this is a terrific idea. i wish more people would do it i want to know how it came about and whether it's working on a day-to-day basis >> so it's actually been some long-time in the thinking. certainly with covid coming around we thought this was a great opportunity to do something and god knows the world could use a little help and we were in a position to do so we'd like to do that it's really a collaboration of all the management at celadon. suzanne has been great in helping us it's got multi-facets. a lot of people can participate. we just hope to do a little bit of good here. >> suzanne, tell me about some
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of the -- what matters is how easy is it it's very difficult to give money, particularly stock, to charity. it's a big stumbling block you seem to have found ways to go beyond it >> that's right, jim i have personal experience with that i ran a capitol campaign for an organization i belonged to about three years ago. we got about 30% of our donations in appreciated stock it took us months to clear the stock and it was just onerous documents, notarizations, et cetera, et cetera. so when we decided to establish the celadon foundation, we wanted to make sure that we had a technology platform that could expedite the movement of the stock and the liquidation of stock. so here's how it works as you know, jim, we have two sleeves of clients our bread and butter business is our money management business,
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meaning that money managers use celadon financial group as an execution platform to buy, sell options, equities, fixed income, currencies, whatever the investment that they're trading. we have decided that we would take a percentage of those commissions and allocate that to the celadon foundation for donation purposes. so, therefore, a money manager cannot only talk to the fact that they are doing this program but they can talk to their investors that are very, very interested these days as to how much support money managers are giving to causes such as esg, diversity, equity and inclusion, programs of invest -- in responsible investing, the nature conservancy, working woodlands, climate change, et cetera by using the celadon foundation
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they can demonstrate to their client base that a percentage of those commissions are going to designated charities this is a very important sea change the second group of clients is we're finding we're getting enormous interest from charities and they are looking to ask their donors for appreciated stock. why? because the market is at an all-time high, jim you know this. >> right for investors -- rather, i'm sorry, for donors they're very excited about having the opportunity to give stock as opposed to just a cash donation. >> okay. so, daryl, i am a big believer in doing business with companies that do something for charity. that's one of the reasons why i like salesforce. that's one of the reasons i use them has this given celadon more of a
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name in the businesses by the way, i want to em if a 150iz. that's not bad i want everybody who's charitable to get more business done >> right so i don't know that it's really blown up yet we're kind of in the formative stages but we've got everything in place now it's taken months to get here, jim. we're pretty excited about what's to take place as we enact this we're seeing a lot of interest. it seems to be coming together in a very fruitful manner. we have a lot of people who are interested and, fair and accurately, you said you like to give business to other people. we're around we just feel good about giving something back that's really what it's about for us >> darryl, has everyone embraced it does anybody say i don't care what you do? people looking over the list, looking at some of the ones you've selected. is it interactive? >> it is interactive and we've had a lot of great feedback. we've had nobody who said this is a terrible idea other than
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they said how can you afford it? because the commissions these days are somewhat slim there was a race to zero celadon is not involved in that race and we get to participate in this. this is why this came about. >> it's a nice story on the eve of -- not christmas eve, but on the eve of what wall street celebrates as christmas eve. >> not yet. >> that's daryl hurst and suzanne of celadon "mad money" is back after the break. >> announcer: 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. gunter, you're a genius! momma always said "gunter, you're not as stupid as your papa."
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it is time it's time for the lightning round. and then the lightning round is over are you ready skee-daddy start with ian in florida. ian. >> caller: hey, jim. this stock has had a tough year and is near an 18-month low. it was very popular last year and you recommended it at much higher prices. what is your opinion now for penn national? is it a buy at this level? >> i like penn national. i think it's a winner. it's done a lot of good things gambling is a very difficult job. the stocks are in a terrible war so, i mean, don't expect
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anything near term but i do like penn national. >> let's go to clint in california clint. >> caller: merry christmas, jim. >> merry christmas to you. >> caller: i've been watching this stock for a while i think it should be doing better i'd like to know your opinion and if you think they're going to get their fda approval. the company is vericel vcl. >> they have revenue i totally agree with you i think it's a buy they have good technology. a company will want to pie them. stick with it. let's go to leslie in nevada >> caller: hi there. how are you today? >> i am good, leslie how are you? >> caller: good. listen, i've had this plug power, plug, for over a year and it's $29 and i bought it at 52 so what should i do with it?
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>> okay. now the reason why it's down is because we don't like the speculative stocks anymore once the fed starts raising rates i continue to say that of you. you have to make something and sell it at a profit. that said, it is a spec on the h hydrogen economy let's go to ira. >> caller: hey, jimbo. love yeah. mean it. how you doing? >> doing fine. how about you? >> caller: i'm doing great wanted to ask you about b.p. midstream. bp is going to acquire bp midstream. what should i do with them >> man, you take profits on that you won. you hit the lottery with that one. i was shocked that they did that by the way maybe it bodes well for the others that was a major home run. let's go to johnny in north
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carolina johnny >> caller: hey, jim. i'm calling about a company i like a lot i'm worried about the stock in the rising rate environment. 30% up, now i'm 30% down on it next door kicker kind. >> yeah, you're right to worry because this company doesn't make any money but i would say let's put some away. the fabulous sarah friar is a money maker. i have to say i would be very happy to pick some stock up for that one at $8.80. that, ladies and gentlemen, is the conclusion of the lightning round! >> the lightning round is sponsored by t.d. ameritrade >> announcer: coming up, make things, do stuff and profit. can it really be that easy cramer gets back to basics with the fundamentals that could make you money next
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it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪
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we spent a lot of time ruminating on the labor department's monthly nonfarm payroll report the single most important piece of data we get employment is a huge implication for the federal reserve. makes sense. maybe we don't spend enough time talking to the payroll
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processors like marty mucci from paychex. it's focused on small and medium sized business the marty runs a remarkable company. wall street views paychex as a pile of float. how much interest they can collect by holding on to their client's cash before they mail out the checks yeah, it's risk free they say the company's hostage at short-term interest rates paychex has become a 360 degree source of truth for all things business and importantly smart buyer. that allows them to continually be able to beat the estimates. as the number two payroll processor, they have their finger on the pulse more than almost everybody what we're seeing is a remarkable businesses and newer businesses that are expanding like crazy the service businesses order
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brick or mortar and like the two million companies or the hundreds of millions filed around etsy. i filed these and this is the most bullish they have ever been now that the fda has approved antiviral pills, i think you'll see the pace of hiring slowing even more. many people are scared i think these antiviral pills without causing wave inflation the difference will bring in tons of workers off the sidelines. at the same time it will help develop the supply side. that is the choke point. i don't think i'm over stating this with an effective treatment for the virus we could return to the good old days of 2019 when we had strong growth without much in the way of inflation.
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sure, some of our work is directly related to covid and it's impacted trying to get product to the market. especially in transportation, then we could be in a situation where the economy is strong enough to handle rate hikes without missing a beat i don't think they change the value of the stock market. 2022 is the year where we invest in companies that make things, provide actual services in order to make actual money if you invest in unprofitable companies, i think it will blow up in your face in the new year. i hesitate to recommend anything here i know many of you wish i would but profitable companies that
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can survive and the job growth keeps coming, maybe 2022 will turn out to be a lot better than most of us expect. i like to saythere's always a bull market somewhere. i promise to try to find it for you. see you next time. "the news with shepard smith" starts now the covid quarantine mandate shrinks but not for everyone i'm contessa brewer in for shepard smith. this is "the news" on cnbc guilty on all charges. a jury convicts former officer kim potter for the death of daunte wright. >> we have a degree of accountability for daunte's death. >> tonight the fallout from the verdict. omicron spreading fast >> we're almost seeing it jump by 10,000 every day. >> new year's eve celebrations in jeopardy. what new york just announced plus the new study offering signs of

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