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tv   Mad Money  CNBC  November 29, 2022 6:00pm-7:00pm EST

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bruno. >> we're get new picks for next year all right. thanks for watching "fast money. it is a tough year "mad money" with jim cramer starts right about now starts right about 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'm trying to save you money. my job isn't just to entertain but educate or explain this stuff so call me or tweet me @jim kramer
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>> stop rubber necking you want to start buying when the action is over but what if the action is still ongoing? why get involved in the pileup i'd much rather use wayz to avoid the accident entirely. i think this is an essential point on a sedate day when the dow inched up. the nasdaq lost .59% right now you know that, i know that the there's got to be some value. there's got to be some value somewhere, doesn't there doesn't this how can stocks be down 50, 60, 70, 80%? that was my reaction when i read a research report downgrading roku which had already plummeted from 500 to the low 50s and i saw after the downgrade the
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stock failed to go down. there was something akin to rubber necking analysts that recommended it rode that buy all the way to the stock's high of 490 and change then rode it back down and jumped off here in the 50s >> the house of pain. >> with the stock failing to go down we finally took it off the buy list i thought to myself, uh-huh, does not have to be the bottom the clearing downgraded, no downs can't we finally consider roku derisked can't we finally start -- buy, buy, buy. >> roku! then you read the report and there should be no reason to buy this thing roku is losing money the losses are going to get worse. they're loses market share they have no real mode their advertising business is on the decline. there's no reason to think roku's bottom other than dramatic irony, some guy who
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liked it all the way down, abandoned ship and the stock didn't react there is a real reason i'm not taking roku or even the analysts might look silly to downgrade a stock that's off 76% there's a reason they through in the cap. lots of problems and no solutions. there's no reason to own it unless you're expecting a takeover bid but nobody would want to acquire this thing unless you get it for much lower and that's assuming the deal doesn't get blocked by the federal trade commission. >> we knew nothing. >> which has become ferociously anti-merger. roku is one example of what i'm weary of i'm worried they're watching the pileup maybe they can't extricate themselves from the pileup many are indpeed like roku.
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they have nothing going for them people think they can't go lower. where is crowdstrike this evening? a fine company that guided lower and fine, what caused it macro economic headwinds ouch i've been through something like this before during the dotcom collapse some 330 companies became public only a handful made it out that's right, only a handful made it to the promised land at every step there were people who had to take a stab at it that's how we felt, a stab there's something a luring about -- alluring, hard word for philadelphians to say. why not get it much lower for
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people foolish enough to buy the same stock near the peak aren't you so much smarter than they are it's alluring, but you know what there's no real logic to buying a dog. all you're doing is guessing whether the stocks aregoing down you aren't analyzing a company, bridge stock from company, we teach that all the time here when you looked at the tech stocks and bought because they were down 50, 60, 70, 80%, what you missed is you were buying a huge piece of paper. who cares if it's down 80% from the high where there's a high chance that the business is going under. of course not only during the dotcom era, many are making money. i don't want to confuse this these are a much better crop than we had. i bought the street dotcom public i know what bad is these are better look, we just had them on. zoom video no danger of them going out of business but the stock is down from 588 at the height of the pandemic to just under $70 now
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that's still a loss. zoom's a lot lessee sensual in a post covid word. it's still doing $5 billion in cash that's huge. stock's only worth 20 billion. but i could have said the same thing when it was valued at 25 billion or 30 billion or 40 billion. well, it's better than its analogs in 2000. that kind of analysis would have lost you a fortune they think it can only earn $3.53 next year. you're looking at a down year. maybe zoom can reignite itself i think you use that 5 billion in change to change your stripes. certainly possible we interviewed kelly steckelberg. look up parts of conversations by key words
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if you bought it based on an interview, you're now down 10% do you know how many times people have tried to find the bottom in zoom betting that it can't be like 2000 because it's very profitable, very good business and it hasn't mattered at all? zoom is among the best of the enterprises. there's so much money. people are buying scompanies based on a price to sale please, price to earnings. don't buy stocks that are losing money! even if the sales are being hurt by a slowing economy again, to some extent these tech stocks have been somewhat de-risked, i'll give you that. they're down a great deal. they won't be de-risked until a
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cost and whose stock is being brought down by crowdstrike. the stocks are few and far between. there is a reverse -- no, it's aggressions law. the bad stocks are driving up the good i'm not against owning some tech at all we own some problem ones you can follow along by joining the cnbc investing club, i wish you would. we teach every day even the higher quality techs are down a great deal. they got hit yet again today if you want be to own tech here you have to know what you're getting into in this environment it takes a lot of patience. there will be pain >> the house of pain. >> and ultimately some will produce gains, but not quite yet. however, you don't have to own tech that's the point of what i'm talking about. i say put on wayz. i learned. go down other streets. industrial street, food street, drug street, oil street. when you go down tech avenue, the police wave you by and say,
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there's nothing to see here. keep going bottom line, why rubber neck when you can invest in stocks in companies that have a lot going for them i think that's much better than sifting through the wreckage of tech simply because their stocks are down a great deal and you figure enough is enough. sadly for the bulls history says that's just not true ann in indiana ann. >> caller: jim, thank you for taking my call >> of course, what's up. i'm a super happy club member. so grateful. >> thank you. >> caller: i'm long lilly stock. i have some calls. i'm up 80% could you coach me up about how and when to trim and close the position >> sure. first of all, i don't want to advise on options and i would take the props even though we have a huge position in eli lilly. everyone is saying lilly's
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alzheimer's drug is not better than others. it's early stage i know their antiobesity drug is going to be the starve late 2023 sell the calls, keep the cannoli. stop rubber necking, that's my suggestion to anyone who's hoping to find a bottom in the train wreck that is tech on "mad" tonight, emerson electric i'm taking a closer look then can the rally off lows keep going? i'm getting a technical look at where this market could be headed, and if it's iffy oh, and dy com's opportunity you asked about it in last night's lightning round so stay with cramer. >> announcer: don't miss a second of "mad money." fool @jimcramer on twitter
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have a question? tweet cramer #madtweets. send jim an email to madmoney.cnbc.com. or call us at 1-800-743-cnbc miss something head to "mad madmoney"madmadmon. we all have a purpose in life - a “why.” no matter your purpose, at pnc private bank we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why?
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well, we fell in love through gaming. but now the internet lags and it throws the whole thing off. when did you first discover this lag? i signed us up for t-mobile home internet. ugh! but, we found other interests. i guess we have. [both] finch! let's go! oh yeah! it's not the same. what could you do to solve the problem? we could get xfinity? that's actually super adult of you to suggest. i can't wait to squad up. i love it when you talk nerdy to me. guy, guys, guys, we're still in session. and i don't know what the heck you're talking about.
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industrials keep putting up good numbers i think they can keep working which is why i want to take a fresh look at emerson electrical they transform themselves. they made a big industrial software addition and emerson is now primarily focused on automation technologies. they pitch this new strategy and they rang the closing bell afterwards we got a chance to sit down with the architect of
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this transformation. his name is lyle carson and he's the president of emerson electric take a look. >> lisle, this is an amazing transformation i first saw this company when it was an incincerator and valves this looks like what most people would like about an industrial of the future. i want to give you a chance to give us some information. >> thanks, jim good to be here. thanks for having me it has been a very active 22 months we worked with our board of directors to execute that direction. through uncertain economic times we were able to deliver and transfer the portfolio we had one clear thing in mind to create a cohesive, high growth, high margin, high free cash flow automation company, a company that is connected in its main cores of automation with a
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technology staff that is unparalleled in the industry, diversity of customers and industry and most importantly, jim, optionality on m&a which we have in a $230 billion tam. >> these deals are hard to do. congratulations for even getting them done. there are some people who feel like, well, that's it. i think you've got a platform to do ten years of emerson. >> you're absolutely right i think we identified four adjacencies today for m&a activity going forward obviously $8 billion of after tax proceeds once we close the climate technologies proceeds with blackstone. you mentioned that transaction again. it was a challenging time in the markets to do that our hats off to their commitment but now we have a lot of optionality. four adjacencies technology alignment
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customer alignment and most importantly end market diversification. >> when i look at the overall, i think of this. a company for people who are watching the show, they want to find stock, a company that is doing something that -- to make it so there's less waste, that is a greening company, so to speak, that helps the other companies try to, that's not green washed, that actually is about the future >> yeah. >> all of these different companies have a couple of things in common, which to me make me feel like you're helping everyone become a better corporate citizen and to me that's -- you're the only company that's doing that that i know of. >> it's a phenomenal set of cards that we have if you think about four critical macro drivers over the next let's say decade, you think about digital transformation >> right. >> the us oo of data and how that enables customers to go to top quartile performance you think about energy affordability and security we all learned about that the
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hardware europe is struggling with that we have a role to play there sustainability whether that's decarbonization which we're working very closely with our customers globally or new energy sources where we have a tremendous energy portfolio. lastly, it's the near shoring of technologies >> right i love that. >> life sciences, energy you can think about that >> you have four critical areas. disruptive measurement technologies when i first met emerson, you measured things. >> that's right. >> now you're measuring things for the way the future is. do you have software people? engineers? who's doing this internally for emerson? you have good partnership and software exposure. >> phenomenal. jim, we have 5,000 r&d engineers over emerson half are software engineers, the other half are mechanical
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engineers. and 25% of our sales today, today are of products sold -- developed in the last five years. the vitality of the portfolio is very important to us, and we'll spend over 6% of sales in r&d as we go forward and that number will go higher. >> also, growth is increasing with every single divestiture. i want to talk about one metaphorically so people understand the arc of what you've done. >> yes, sir. >> when i met mr. knight, great predecessor of yours, what he talked to me were valves, heating and air conditioning and the incincerator the garbage disposals. we regard those as being wasteful we now compost to me, that's metaphorically, you are that journey you don't want to be in the home incincerator, but you want to be saving the environment. >> aligning the portfolio to
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growth secular macros is really what the investment was about. a plus b equals c, it makes sense to a customer, investor and innovation perspective as well that automation portfolio we have today, you think about the stack of technology, the sensing elements, the control elements and the software layer on top enables us to bring that to a customer and solve significant problems. >> 70% of emerson sales tied to sustainability enabling technologies to me, i looked at every single one of the companies that claims to be automated. there are some that come on the show they're fun. you're the only automation company out there. this is a remarkable transformation you're not done. should we expect to see more >> i am so excited, jim, both mechanically and with m&a. we've done a lot in 22 months.
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we have a phenomenal management team, great board of directors and i'm excited about the future. >> you've mentioned it's been tough times. the trajectory of your stock since you've gotten involved, congratulations. >> thank you. >> you're doing great things for the shareholders that's lal he's the president and ceo of em mer son, emr it's all easy, bite size and you should read it and own it. "mad money" is back after the break. >> announcer: coming up, will this stock make you skip to your lu the at leisure standard bearer next - addressing climate change requires effort from all of us, now and for generations to come. - join dylan and me as we get personal about the environment and how we can each do our part. - watch our conversation on peacock.
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for thebetter part of the last year the market has been an
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absolute horror show as the bears rampage and the bulls drown under a tide of red ink. the federal reserve was having a war against the inflation without wrecking the entire economy. can this rally keep going or will the rug get yanked out from under us again we had a great run before the whole move collapsed back then commodity prices peaked and applauded from their highs. but jay powell crushed our hopes making it clear we were still looking at a series of super sized rate hikes i think this time is a little different. we've made a lot more progress the federal funds rate is 150 basis points higher than it was in august and we fixed most of our supply chain problems. and there's a major component of the problem all the way down the food chain but it is tough to get a rear view in this
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environment which is why i like to step back from my own judgment calls and try to be, i don't know, a little bit more detached take a more quantitative approach tonight we're going off the charts a brilliant technician teaching at im dth academysfx she thinks, i didn't want to hear this from her, but we did, got to get more cautious let's go over first with the s&p. this is a daily chart of the s&p 500. lately this picture has been looking a lot better for the bulls with the daily moving averages turning into a nice floor of support, okay remember, these are all the key ones however, borodon wants to give you a heads up she sees the s&p approaching a hurdle on the way up if it can't jump that hurdle, she thinks we're heading down.
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borodon wants to look at past swings and various permutations, sometimes one to one for whatever reason, they do tend to repeat themselves. there is no logical reason that i can think of why this would happen but there's no denying a common pattern borodon said this put on a 539 point value. there's your number. if you look at the recent runoff the october 13th lows, what happened the s&p put on a very similar rally, 542, 530. that's rounding it very similar too last year given, again, however, many swings tend to be similar in size borodon says there's a point you have to keep an eye on
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why is it important? look what happened after the s&p peaked on january 4th. we got a nightmare decline index fell 1,327 points into last month's lows. i mean, this is horrendous borodon is saying we're not going to repeat it she thinks this might be doing that she has symmetry projections and her pivanicci method there is a ceiling between 40 1 and 4043 we're right where it really matters. last week the s&p tried and failed to break through the ceiling, okay? and since then has pulled back doesn't help that the ceiling of resistance is really close to the s&p's 200 day moving average. that's this one. see the ceiling? the purple line? it also tends to act as a ceiling when you're coming in from underneath it borodon thinks it's a good point
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to take profits. what's it mean she's not saying the rally is toast. the s&p needs to clear this hurdle it needs to break out of last week's high of 4034 or else we could be more vulnerable to the down side. she sees this as a make or break for the s&p 500. i did not want to hear that, but it doesn't matter. this is a clinical way to look at the market. what would be a more bullish chart? let's switch it. i'm depressed already what's happening in the nasdaq. check out the daily chart in lululemon. in borodon's eyes, this is a pretty compelling picture. you know i'm extremely happy of lululemon. borodon likes the chart because you can see a clearer pattern of higher highs and lower lows. plus this is trading higher and the 250 day moving average we're good on that something like that is a green
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light for chart watchers borodon follows a different traffic light. she likes to watch the 5 day and the 13-day exponential moving average. when the 5 day goes above the 13 day, that's her buy trigger. when it goes below, that's the sell in borodon's eyes, these are r the times with the prices. starting above 13 points from where it's currently trading as long as lulu can clear this hurdle, next target 454 which would represent a fantastic run. she likes lulu's chart as long as it doesn't fall below a 340, that's down 425 bucks. i checked with a couple of analysts, some store checks and
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everything jibes with what you see here finally, for big picture bullish chart, a simple dia. unlike the s&p 500, the dow has the same technical advantages. borodon points to a clearer pattern of higher highs, higher lows we've got this going here. while all the moving averages are on the side of the bulls her only hesitation with the dow is she's waiting for a new buy signal she's bochg a 30 minute chart. each tick represents 1/2 hour. that said, the dow's done a good job of clearing important hurdles. borodon wouldn't be surprised to see the etf go from 338 to 358 isn't that amazing you think this would have to be in sync with the s&p no they're divergent.
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i am in agreement with her make things, do stuff, return capital, pay dividend. you asked me the store's major averages i bet it stays that qua throughout the rest of the year. it confirms again. these charts are due for some near-term turbulence if they can't break out. there are still stocks she likes, lululemon and she likes the dow jones industrial average. let's take some calls. why don't we start with russell in new jersey. russell. >> caller: boo-yah boo-yah. the boo-yah. how you doing, jim >> wow, i like that. triple boo-yah you can always use those on a tough day. what's going on? >> caller: i wanted to know what you thought about mat, mattel -- >> it has not been acting well, which bothers me i know hasbro's been very weak
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the last quarter was not perfect but we know they've got a lot of big movies a lot of entertainment and i think you wait until the end of the year and pitch them up i did not love the last quarter. how about steve in california? steve? >> caller: hi, jim the question i have is that in 1972 i made my first investment in the stock chevron i bought it because my grandfather worked for chevron it was called -- >> standard oil of california. >> over the years i've accumulated the stocks in dollar cost averaging i know it pays a good did i have have i dent. do i keep it or sell it? what's your advice >> some of these are tax accountant questions you have to look at what you have in your portfolio i can only think about the value
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of chevron i think chevron is a stock that should be owned. so my take, maybe the lights are going up, but i think chevron is a fantastic company. the charts interpreted by kyle could be in for near-term turbulence lululemon and the dow jones will be back including that -- i didn't know it well enough it bugged the heck out of me we worked all around the clock and giving you the investment case for it. stop following the hard money. i wanted to see it right here rather than intel.
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every night i come out here, i try to answer everybody's questions to the best of my ability. a lot of stocks out there. but it is the lifeblood of the show interaction, me, you every now and then i get a question i can't answer. one that is truly intriguing one that reveals a question about the current market paul in texas called toll ask by dycom industries dycom had just reported last tuesday and on the surface, wow, the results looked pretty strong yet the stock immediately lost
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more than 17% of value i couldn't give paul a clear answer besides saying dycom is okay it requires a lot of research before buy can figure it out when the stock was at 17%, that's either a fabulous buying opportunity or maybe the mother of all red flags so which one is it i felt like i had to come right back on this i felt so mistified but let's give you a little background dycom is what's called an e&c company engineering and construction that serves the telecommunications company which accounts for 89% of the sales. when telco firms lay down new fiber, dycom is probably in there doing the building last week we profiled jacobs engineering. it's more diversified. the take away was jacobs is a
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buy. as you start coming through in 2023 if jacobs can thrive here, well, you've got to wonder why not dycom. the generic case for this stock, it's pretty straightforward. we have an insatiable demand that requires constant new investments from the telco industry including high capacity fiber networks and building those just ain't cheap doesn't hurtthat the federal government is throwing a ton of money at broadband including $65 billion, that's a b, in last year's big infrastructure bill most of that is earmarked for under served regions and that's what dycom could do a ton of work there's a problem with the bull case after melting down in 2018 and 2019, wall street lost interest, dycom caught fire in 2020. it kept on running for a few weeks ago. buyers started looking ahead to the next telco which is less
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about cell towers and connecting fiber optics to the home until a few weeks ago this was one of the biggest winners of 2022 the they reported a series of magnificent quarters in march it had a big revenue beat very strong guidance late may they did even better. huge revenue beat transferred into a huge 40% beat so far so good going. august, another beautiful set of results. a sales bonanza, however, in august the forecast for the next kwausht ter wasn't quite as we've got in the low to mid teens. i know, i know after some of the disa disappointments we've seen, a lot of companies would die for that
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the we're going to 23 to teams by early november the stock had made a new high at 122 its highest level in nearly 5 years and within two bucks of the all-time high back in 2018 but in any -- big but. in the runup to last week's ear earnings don't forget the rules then dycom reports and it was impressive they earn 1.08 pretty amazing up 22%, so far so good unfortunately management was conservative with the forecasting end. this time they predicted single high growth which is a real deceleration and less than the
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analysts were looking for. how did the stock fall 70% i think what tipped it, the comp's call. steven neilson, straightforward guy, talked about the business potentially being affected tz by, here we go again, macro east, it's harder for them to buy some money that it is strong they won't be pulling funding because of higher rates. we could stretch to find more negatives. i also think there are questions about repeat customers even verizon which does carry a lot of debt, i don't want to
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think of this. my sense is dycom sold off because of the story investors are terrified of turning a win into a loss and they've rushed to the register the decline definitely it just wasn't it's not put it there but their backlog has grown for two straight quarters it should give them a nice boost. according to management the feds are reviewing where that money is needed and the decisions will be made by june when they'll start making investments that makes next year perhaps fantastic quarters >> paul in texas, you've got horses remember we like it and we won't
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buy until june next year they start fighting it the federal trough, although not immediately. they'll get back on that in infras infrastructure "mad money" is back after the break. coming up, cramer takes your calls and the sky is the limit it's a fast fire lightning round next lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business.
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>> announcer: lightning round is sponsored by t.d. ameritrade it is time it's time for the lightning round. and then the lightning round is
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over are you ready, skee-daddy. the lightning round. let's start with phillip in >> caller: boo-yah, phillip. i'm a long-term listener and member of your investment club. >> bingo. >> caller: thank you >> yes, man, that's what i want to hear. we're teaching, teaching, teaching how can i help >> caller: i saw your strategy to change our core position. this company has a good long-term value and an rsi near 65 the price is approaching the $195 price target. with that is it time to sell my morgan stanley -- >> we did trim a little morgan stanley as you know. that's the kind of stock we like here remember, we are not in the price to sales nonsense, we are in real companies, real things, morgan stanley is one of those
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let's go to rick in michigan rick. >> caller: jimmy chill >> the chill's in the house. >> caller: me and my dog murphy are long-time listeners and big fans of the michigan wolverines. >> two like my friend adam schefter and murphy and the dog. giving him a houtout what's going on? >> murphy and i are in the dog pound. 70 pe. stock is intuitive surgical. >> yeah, okay. in another time i would say, listen, i think you just own it but i'm now even gun shy on the 50 times earnings in those stocks i would tell murph to be very careful. i don't want murph to have -- you get the picture. rick in california >> caller: boo-yah, jim.
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>> you are my goat greatest of all teachers why are you still doing this i'm teaching, did this, did that i'm teaching how can i help >> caller: please share your thoughts about autozone. >> so i read a piece this morning, price target of autozone and i could not believe it they are still buying back stock. they are doing the slow motion takeout of themselves. i like that stock very much. auto fleet 13 years. brian in georgia brian! >> caller: hello, jim. hope you're doing well i've enjoyed your show for several years. thank you for that. >> thank you. >> caller: hope you had a wonderful thanksgiving. >> we had a good time. i cleaned out things that got backed up. what's going on? >> caller: i'm interested in your thoughts regarding gartner,
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inc. >> that's a solid growth stock you may be the first caller on it the 30, 35, 40 times earnings. i don't want to recommend it but it is a very good company. how about craig in connecticut craig? >> caller: hey, jim. interested in your position in sofi >> every time i say this thing is okay, then they bounce it this time it's something, i think crypto it didn't seem right to me i don't know i liked it at six, five, four, but anthony is a goodman i think it will make money eventually the first bank stock morgan stanley is the better thing to own. that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade coming up, the mercurial money is chasing china but cramer has a strategy that may be a bit
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it's embarrassing how much wall street is willing to chase anything connected to china. truly desperate buying in all the chinese stuff this morning at the same time bitcoin rebounded, metal showed signs they have life into them yes, people buying cybersecurity, cloud stocks 15, 20, 25% sales. to which i say, wait a second. why not buy something cheap with a more concrete story? why not invest in the banks? hear me out. this market really loves value, not high growth. we want cheap stocks of
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profitable companies that return capital to shareholders. that's what's worked over the past year. when it comes to profitable growth at a reasonable price, i think the banks have it all over everybody else the best story out there i've said this many times before but when the fed rapidly raises interest rates, the banks instantly become more profitable they pay you next to nothing for your deposits? then they take the money and invest in two-year treasuries risk free. more than 4.5. that lets them practically print money and i think the analysts have yet to fully bake it into their calculations of course, the banks lose in a high inflation environment because people pay back loans in the future for dollars that are worthless. it seems like the feds are kind of beating inflation at least based on the last of the cpi rating they can get crushed by bad loans. something i'm not too worried about and that is the best determinant of whether you're going to default or not. on top of lending there's
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something that's often overlooked it's more than a year that we've had any sizeable underwritings once it moderates its position you will hear right here, that the flood gates will be open there are a huge number of companies that want to become public no activity in the public market for a year they've been piling up during the tightening cycle sometimes they say less aggressively, a 50-basis point hike i bet that lid will blow off if they do that, investment banking makes a huge comeback. the major bank stocks are not trading like anything good is going to happen like that. they're one of the cheapest groups in the market even after a huge run i'm giving you that. a huge run from the bottom i'm not saying we're at the bottom you know if you are a member of the investing club how much i like this story. jpmorgan trades at less than 12%. bank of america trades just under 12 times earnings. morgan stanley, sells for closer
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to 14 times but it's got a 3.4% yield. goldman trades at 11 times earnings my alma mater, 2.6% yield wells fargo, right in the middle, less than 13% earnings, 2.5% yield but if the underwriting business comes back then the banks would be incredibly compelling down here. even though we missed this i'm not talking about this, right here now you have high net interest margins, decent yields and you get the earnings that come from investment banking they can buy back shares it's so cheap it will be likely to crush it. i'm not saying you will be immunized. i'd much rather own the fina financials thinking someone dumber will come along and take you out of your positions at higher levels. i know we're not catching the bottom of the banks but catching bottoms is risky
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you you're playing a dangerous game if you catch the high flying stocks but if you buy jpmorgan or bank of america at 12 times earnings, that's not a game, it's an investment i like to say, there's always a bull market somewhere and i promise to try to find it for you right here on "mad money." i'm jim cramer see you tomorrow i think this is great. i love it. this is kind of your "oprah" moment. you get a foam roller! you get a foam roller! everybody gets a foam roller! so, we're currently pre-revenue. -ooh! -wait a minute. wait a minute. -aah! -[ grunts ] we retail at $128. ouch! ouch! -oh, man, you're dead. -i haven't seen a dime. you're in a bad deal. you want to license the platform? -of course! -that's not gonna work. it could also put you out of business. complete waste of your time. -i-i... -i disagree. ooh! -there's nothing here. -ooh! i think you're gonna get crushed like the cockroach you are,

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