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tv   Mad Money  CNBC  December 21, 2022 6:00pm-7:00pm EST

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probably pulls back some >> tim, final word >> frank, thanks for joining us puns and awe, boeing, let's wrap it a lot of room, up to 220 one of the best out there and i think you can stay in this trade. >> thanks my mission is simple, to make you money i'm here to level the playing field for all investors. there is 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 make you a little money my job is not just to entertain but educate, figure out how days like today could happen so-call me 800-743-cnbc or tweet m me @jimcramer. you know why i love the stock
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market days like today the dow surged 527 and s&p soared and the nasdaq pole vaulted 1.54%. two days ago we were filled with despair. it seems like everyone on wall street figured there would be no santa claus rally this year the general consensus wasfed chief jay powell is a total buffoon. he raised rates too fast in 2018 to immediately change course kind of that around christmastime he took rates too low in 2020 and then took too long to raise them again this year big time strategists keep coming on air to slaughter the pathetic bulls. trapped in a ring to be teased and killed for the benefit of a charged up audience. according to the conventional wisdom there was no way out powell would tighten too hard and destroy the economy or tighten too little allowing inflation to persist and destroy the collective purchasing power.
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had to be one or the other at the same time, we were terrified that so much inflation refused to go down especially wage inflation that the fed was trying to crush us by crushing wage inflation the only way they know how to do it ain't no stopping us now, we're on the move and then it all changes. like a spell has come over the market and we're suddenly in new orleans saying -- [ speaking non-english and the good times are rolling for excellent quarters from who high profile companies, nike and fedex.
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only nike had a good quarter and fedex had a better quarter than feared but that's all that mattered nike's last few quarters were dreadful because there was too much inventory and not enough shoppers, especially in china a big part of the business inventory was down sales up surprising 6% while europe was good and of course, america great. this was the reliable nike of old just when we thought the days were over but nike is back and the future is looking betteo covid policy that's how a big cap stock drops 12% in a single day. fedex was better long before ththe cliff this year, fedex was known for endless revenue growth with constantly disappointing earnings but now it has a new ceo doing the opposite
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okay the sales forecast but crushing the earnings estimates with the promise of more cost until fedex gets to the point they try to turn a profit on every single package and that is a tall proverble order but the company is headed in the direction wall street wants a pleasant surprise given the overall weakness in the freight business something i teach every day in the 10:20 a.m. morning meeting for the cncnbc investing club. a whole contingent of money managers and the price levels of the s&p 500. they're dead wrong that mentally explains why so few of them saw today's rebound coming so let's go over what happened here if you only care about the fed, it not like we get news from the fed officials every day. the stobck market has the memory
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of a fly we can't see how jay powell or the head of the central european bank is calling for the 50 point base hikes that seems like ages ago the bank doesn't look like that now. if something is negative on a monday like a blast of the industrials call, goldman sachs, great guy very smart and the bright side of bearishness from mike wilson, those calls mean nothing by wednesday, not here, that's not how it works around here it's just not how it works those calls were baked in by yesterday. second and more important are the levels these bears keep calling for. i don't want to be too disparaging but the counter act of negativity, we ran a special off the charts on monday with legendary market larry williams. i don't know if you remember but demonstrates historically speaking the market starts going up around december 22nd. when is that
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that's tomorrow. his conclusion, santa claus is coming to town i went to him today to explain the early arrival when santa was here maybe santa wanted to get ahead of the bomb cyclone and generate better cable ratings no, he said larry, he sent me this chart it tough to be a day early and a day short this year it was a day early and a day to be long he also told me it could be santa prime getting a jump on brick and mortar retailers see where this is? where are the strategists? how come they didn't have this i don't know while i'm not always a huge believer in the charts, the fact is there really are patterns under close scrutiny and few of them are more reliable than the santa claus rally. maybe people makingless contribution to the 401 k or ira or maybe the gloom lifted like a
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weird stock market christmas carol or bear and scrooge embraces the bull. in the end, we don't know why the patterns repeat. we really don't. we do know it happens almost every year at the same time, the thing i hate most about these top down strategistrategists, t thing that matters is the s&p 500 and that's one giant bushel of stocks compared by a pack of bonds. i got cut from it in high school the drama teachers didn't like me because of the girl i was dating i think at the same time. nothing to do with my singing voice. back on topic. stocks are not just bushels of wheat or bails of hay or grain they are huge differences between individual companies, the ceo of snnike, raj, the ceoo fedex aren't strands of hay that could be swapped for any executive. they're real humans who have rallied the troops and come up with better than expected numbers. let me put it another way. we don't trade the nfl
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we follow individual teams when a team gets a new coach like the giants and replaces them with a brilliant man like coach daboll to be the same cast of char aboacters, you don't net know the overall level of play they identified stocks that are poised to put up stronger numbers. the santa claus rally may may be h here today and gone tomorrow the magical thing called the market can resist the signs of negativity and get it done like any under dog can. it's not any given sunday but the bottom line, as much as the overall situation can lend itself to despair after a year, perhaps there are term limits to the bear market even if it's brutal between unhappy grizzlies and jelly stone national park. let's take questions let's go to tyler in california,
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tyler? >> caller: jim, big boo-yah from california ho u are you doing >> doing great >> caller: i'll keep it quick. what do you think of salesforce, crm? >> for the charitable trust we bought some. terrific later saying we sold some higher. it's okay at this point. not great. we do think that in the end, this company is worth more than it's currently selling on "mad money" tonight we're taking a closer look at the horrible performance in technology sector with a few ideas. i think they did well in 2023 and pg&e is on a mission to recreate the business to make it stronger for the future and learning more where they stand and how the real estate sector faired in 2022, a closer look at the cohort and see if next year could be a winner for a hand full of names. so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter
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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 "mad madmoney.cnbc.com. hello, world. or is it goodbye? you know, it seems like hope and trust are in short supply. [clap] now, as businesses we can blame and shame. or... [whistles] we can make a change. [clap] we can make work, work for our communities. create more equal opportunities. [clap] it's time for business to show its true worth. because it's not goodbye, world. it's hello, team earth. [clap] with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders
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before we can look ahead to 2023, we need to look that's why i spent the last week and a half going through the s&p 500 sector by sector by the biggest winners and most intriguing stories for the year you need this because you need the context. we've been going in descending order, energy, utilities, health care and industrials last week and the weaker sectors this week, the material stocks on
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monday and financials last night and really scraping the bottom of the sector. looking at the eighth and ninth base performers technology now and later in the show, whoa. this is an awful year for technology with the average tech stock and s&p down more than 23% and the stronger tech names. the larger more profitable companies with stocks that have held up much better than their younger peers in the nasdaq. this sector is caught between a rock and hard place. high erosion e rrodes the value but when the fed raises interest rates to beat inflation, tech plummets in part because the rich valuations were actually symptoms of inflation. that's inflation in reverse and
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by the number of compocomponent like the other catch all, tech is full of subvariants putting it in fourth place the payment companies like mastercard and visa haven't done that badly are they really tech other than that, 67 and 75 tech stocks in the s&p 500 down double digits for the year terrible place everything the semi conductor has been hit hard as chip shortages turned to gluts. think about micron this evening a chip glut. anything hardware related has been slammed including cramer fav apple down 24% for the year on china lockdown whoas and i insist on owning it, not trading it beginning of the month it will be a little rough because they haven't had enough supply. of course, nothing is worse than software microsoft down 27%, adobe down
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and s&p components are good ones compared to the nasdaq the s&p 500 has strict criteria. you can't just join the index without a sustained period of profitability. even these well run profitable software names are obliterated can the tech sector make a comeback sure eventually for some groups the semis can bottom in maybe a quarter or two and maybe the glut ends and have a chance to rebound next year, some of the hardware plays will face easier comparisons and a higher quality software stock will find footing but this environment is house t -- hostile in tech. you have to be careful some tech stocks manage to work. the top two performers were actually solar plays again, the tech group i think is too much but in phase energy up 73%, in solar edge technology and very distant second up 15%
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honestly, these are more industrial plays end phase inverters which transform solar energy into useful electricity and software to run the system and batteries to restore power when the sun goes down. i've been recommending this for ages because it's a great way to play the growth of residential solar. i'd much rather buy end phase than bet on the solar panel makers because that's more competitive than the chinese dumping panels as for solar edge, it makes inverters while the stock hasn't performed as well as end faphas, both are profitable and getting a major boost for the inflation reduction act. if you want solar exposure you can do worse the third best performing stock is jack henry and associates okay i know, it sounds like a really good tennessee bourbon or something. whisky, kentucky bourbon it's relatively unknown financial technology play and
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sell software and solutions to banks, credit unions and fintech. it's a neat little company all about helping traditional financial institutions offer customers better services and operate more smoothly through digita digitalization it doesn't do anything like those you want like that but better than nothing. more importantly unlike so many digitizers, jack henry is profitable which is why the stock could rally 6% when fintech names got killed, sometimes deservingly. the stock pulled back $30 from the highs over the summer, it's not cheap. i love to wait for more of a pull back from jack henry but i don't know if we'll get one. you got my blessing but remember, it's not talked about much and you have to do a lot of work on it looking down the list of best performers in tech, we find ibm in fourth place up 6%. you know i'm a big fan of the ceo that worked hard to transform this company by spinning off the management
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infrastructure business and focussing on faster growing businesses that's how ibm posted 15% revenue growth last quarter on constant currency basis very i'm impressive for a growth starve company. even better, they're paying you to wait for the real turn around, which i think will happen with that bountiful 4.6% yield and i have four tech plays i like in 2023 oracle, broadcom and palo alto they had a tremendous quarter and didn't get the credit they should have. 25% constant currency growth with a nice earnings beat and stock sells for 17 times earnings and founder larry e ellison are so good, the new acquisition is so great. this is almost a crime against humanity that the stock is so cheap. i can't be sad about it. this thing has a durable business and should be bought. you had that, okay, now you're here and i think you go here all right? now, next up broadcom and this
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is different diversified into a broader range of hardware and software good quarter this month and on track to acquire vm ware and transformational deal that will give them more data center exposure, which matters to me. that transaction might take time to get ready for the approval but in the meantime, they are paying 3.3% yield and stock is cheap 14 time earnings by the way, they gave you a 12% dividend boost, which is not something you do when business is deteriorating and rolled out a $10 billion buy back while the stock is down 16% this year, i think this is the rare pull back that gives you a nice entry point. if the semis can track tomorrow after still one more missed quarter by micron, you might be getting a chance to do some buying at a price probably maybe around here. last but not least is really a very different kind of company cybersecurity and palo alto networks this is not a member of the s&p 500 but the single best run cybersecurity company by far and
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we have a lot of faith that business palo alto reported a great quarter, tremendous profitability and monster earnings beat with a strong earnings forecast. we used to get it all the time from everybody they dropped the growth at all cost mentality for profitable growth only mentality which i care about the stock is hovering above the 52-week lows and i recommend picking up some now right here maybe a little more into weakness i know there is a firm this morning that said lately business is system what soft i don't know maybe that's why you get it down here let me give you the bottom line. this has been a hard year for tech and i'm betting things will stay ugly in 2023 at least through the first half of the year. for every ibm or oracle or b tocks. "mad money" is back after the break. coming up, hop off the grid amd on the trail of profits.
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crer sits down with a powerful interview with a major utility, next oots" has been nominated for best animated movie of the year. ha! ha! and it takes the "shrek" franchise to exciting new places. i am on my last life. it will strike a chord with movie goers of all ages. when you only have one life, that's what makes it special. rated pg. only in theaters. ugh, this rental car is so boring to drive. let's be honest. the rent-a-car industry is the definition of boring. and the reason can be found in the name itself. rent - a - car? you don't want a friend. you want the friend. you don't want a job. you want the job. the is always over a. that's why we don't offer a car. we offer the car. ( ♪♪ )
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sixt. rent the car.
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last week we ran through the best performing stocks over the past year and one surprised me, pg&e, the second biggest winner in the second strongest group. they are up 31% for the year which is shocking because this company used to be a horrible operator, so bad they were forced to declare bankruptcy their equipment kept causing wildfires and overwhelmed by the liabilities but under new management and you throw in the lack of instance, the stock is able to put up a strong performance. they might be able to bring back the dividend some day. i want to hear more about the turn around for the company itself which is why i issued a invitation to management luckily, they accepted so i got a chance to speak with the
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impressive new ceo of pg&e that took over early last year. take a look. patty, you have reinvented the company a lot of people feel has a great deal of risk and isn't the kind of utility that they want to own. i want to give you the floor because it's remarkable what you've done and how you've changed things. >> well, jim, first, i need to let you know that we've met once we met at roots in summit, new jersey in 2015 i don't know if -- i'm sure you don't remember. >> was i polite? >> you were polite but my sister who was with me and only like a big sister can do, told you that you should run my name i guess we probably weren't that memorable but she told you -- >> i failed you. >> she said i should be on your show some day and here i am. >> with that mistake and not polite way to start the
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interview, anyway, you've done a pretty good job here turning it around. >> yeah, you know, jim, we have a very deliberate plan to drive down physical risk and financial risk to the company and i just want to start with the physical risk related to wildfire a lot of people have questions about that we have implemented what we call our layers of protection that have mitigated over 90% of the wildfire risk in our area. we have tools to help mitigate wildfire risk in the short term like right now, our safety settings instantaneously and automatically shut off power in high fire threat areas within .1 of a second if something hits the line because that's what starts a fire whether a branch or bird, something hits a line and as a result this year you'll be happy to know even though we had a 36% increase until the number of high risk days because of the drought, this technology we've deployed had a 99% decrease in the number of acres burned we're having real results and
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longer term we're super excited to talk about the long term plan to underground the power lines we've embarked on a 10,000 mile pro project as climate resistant infrastructure and want more to consider the same as we adapt to meet the changing climate and a lot of people -- >> how do you have the money to do that? you have 8 million trees next to the power lines. when i met you, i remember asking you about that. well, okay, maybe the last part isn't true. >> yeah. well, you know, a lot of people say isn't it too expensive that's the first question. the reality is it's too expensive to not underground the lines. the strike trees we spend $1.7 billion a year removing trees and i say let's save the trees, bury the lines. >> i like that also, you have be committed to allowing people who do solar to -- that surplus make it so it's a good business, to make it
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so that the environment is better. >> well, you know, we're big fans of solar. we think it a very important role particularly when paired with the charging vehicles of the future, we're very bullish on the role they play as a source of storage to match the solar because the only downside of solar is the sun doesn't shine at night so sometimes people want electricity when it's dark. that's what these batteries can provide, they can provide the ability to charge the battery of a car with the sun and then discharge that energy whenever people want it 24/7. >> so if i own a new ford f-150 that's an e.v., you would be my partner? >> for sure. we're big fans of the fort lieli -- ford lightning we have a strong partnership with ford, general motors and tesla making sure these electric
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vehicles are in a position to provide both the transportation resource, decarbonize transportation and what i called triple stack, the triple stack benefit of one decarbonizing transportation, the number one source of carbon emissions in my area and two, we've got the resilience play and then on a peak hot summer day, we can discharge those batteries so they act like mini power plants. it's a game changer. the additional demand for electricity from evs is probably one of the greatest things that will happen to the grid. people say to me, oh, is the grid ready not only is the grid ready but the grid needs evs they will be a resource to the grid and create a low cost clean energy resource. it's a total game changer and we're at the forefront of pg&e. >> i was so there at the creation of diablo canyon, which i remember well versus the haze of meeting you
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it got hated i lived next to rancho in sacramento which everybody hated. somehow you're recreating diablo canyon andelectricity. were you able to change people's minds about the safety of nuclear power? there is a massive effort. i can't take credit for changing everyone's minds but take credit for being privileged to lead the team because of their performance, people regained confidence and trust in the safety of nuclear energy and might surprise you first to kind of high level statistic, pg&e, we're already on the front line of delivering free energy. last year 93% of the eletric we delivered to over 16 million customers were ghg free. a big chunk of that from diablo canyon and i know you love nuclear power, jim my father bought nuclear power plants so i was kind of born for this time and he's very happy up
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in heaven thinking of us ex extending diablo canyon nuclear power plant. we were in the early stages but we were granted one of the doe grants from the -- started by the state of california requesting and encouraging us to consider and then we have to give some gratitude to energy secretary to the deo for selecting diablo canyon as the only plant for the phase one of the deo grant to extend the lives of nuclear power plants so we're the beneficiaries as are the people of diablo canyon to serve this ghg power to the people. >> one last question the fire victim trust, obviously has a duty to the people who are victims but it also is selling the stock of a company that i feel is rad diically under valu because of the ceo and what she's doing. does that play a role at all how great a job you're doing or will they keep selling?
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>> you know, i think we have a shared commitment with the fire victims. they are executing the trust that was part of a negotiated agreement that occurred before i came to dispatch the dollars to the victims of previous fires by selling stock in pg&e. i think that it's important that we make it right and we make it safe and by the fire victims trust, selling that stock creates room for longer term, long term holders, your viewers to get into the stock, look, we're a back to basics utility, we've got a lot of head room in our stock valuation. i have trusted the fire victims trust will sell when they need to to make sure that we fulfill their commitment to serving the victims. but, you know, there is one thing really important for your viewers to know, jim, before we
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go you said many times utilities are in fact a flight to safety in choppy economic times and we at pcg, our ticker pcg, at pg&e are trading 30% to the utility sector we're a double benefit not only as we enter the choppy waters i think a lot of people see 2023 as challenging economic year, utilities are a flight to safety pcg is a double flight to safety because we have head room to grow if you own one utility stock, this is the one with the most upside things are looking bright. >> i have to agree with you. after talking to you, i know i agree. i want to thank the ceo of pg&e patty poppe. so glad you came on the show. >> thank you, jim. i'll come back any time. >> wow. >> announcer: coming up, all i want for christmas is my two front teeth and some reliable gains.
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real estate is under cramer's microscope, next
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when you need it the most. call our warm line at (833) 317-4673 or live chat at calhope.org today. before we break for the holidays, we're going through every sector shining a light on the stocks and the ones that look the most promising for next year to make money and adjustments. we're scraping the bottom of the barrel with tech and now it's time to scrape deeper with real estate as bad aztes tech has be with the sdpr or spider fund, the xlk down 26%, real else st -- real estate is worse with the spider sector down 28% and
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that's the xlre if you want to try to take a gander at that one. in 2022 wall street felt good about real estate because many stocks are real else state investment trusts with high dividends. the real estate stocks get ugly when the federal reserve raises interest rates aggressively because each hike makes mortgage rates more expensive and difficult for good competition like treasuries. it didn't dawn on this market it would be a disaster for the real estate stock until inflation went crazy and the fed started tightening the most aggressive i've seen. most areas of the real estate universe got ugly. residential housing was on fire for two years and peaked several months ago and now rolling over but get this, we found out that existing home sales were down 7.7% month over month in november that's an extraordinary decline. even consistent real estate investment trust has gone down
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and cell phone towers are starting to get hammered the data centers have been hit as the growth of the entire cloud computing cohort slowed and industrial weeds tumbled on e commerce and of course, the retail real estate investment tu trust is awful and things will look worse as the economy slows down and if the christmas season doesn't look good, these will be bad. they were dogs thanks to the rise of the remote work. only need to come in three days a week, you don't need a big tower. this year they've been continuing -- their still plummeting honestly, they may be worse than the software stocks and that's saying something so many jobs are permanently remote or permanently hybrid that businesses need less and less office space even as most people are back to working in person you're downtown you keep seeing these places converted into residential but that's downtown new york there is all these other cities in america
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which when you look at 31 real estate stocks, this is amazing, only one of them is up for the year and that's cramer fav vici properties among the rest, 28 are down double digits this is a harsh one. what can we learn from the top three performers let's take them down, vici is one we've liked for a long time. they own the land under casinos, goal f golf courses and a wellness retreat. the stock is up 9% for the year, which is impressive given the average is crushed and every other is in the dog house. what is the secret of the success to vici? simple a travel and gambling boom and health care kicker, the ranch. i went to that place and couldn't get a beer. people are desperate to go to places because we spent two years stuck at home which is why the numbers in vegas remain incredible vici owned 50% of the real
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estate under the mgm grand and bought the other 50% from black stone. it seems like it's kind of desperate to raise money i like that vegas exposure unlike vici, most of the actual casino stocks have a ton of exposure to the chinese gambling given the restrictions because of covid and inf there is a slowdown in vegas, it sells for 14 times the operation key met trick and usually4.8% yield. i might be a buyer of vici properties here. next up, the second best performing real else state investment trust is iron mountain down 3% you might remember we highlighted this in october. iron mountain used to be a paper document management business, business warehouse full of filing cabinets. but years ago, they realized there is no future in paper so they transitioned to highly secured data centers now, they're also doing something called asset life
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cycle management meaning they carefully help clients destroy old hardware to make sure all the old data gets wiped out. how about asset life cycle m mortuari mortuaries isn't that more accurate they plan to invest heavily in the on going transformation. it a buying opportunity and sure enough the stocks rebounded for the lows at these levels, iron mountain sells for 16 times funds operation with a battle of 4.9% yield. i like it. the best performing real else state stock is pitiful in that it's down almost 9% for the year i'm talking about host hotels and resorts pretty good company. largest lodging in the world focused on up scale properties the strength is about the travel boom i'm not against owning host hotels it's less than nine times funds from operations solid dividend that said, if you want lodging exposure, i'd much rather go
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with the hotels themselves especially marriott international, which is one of the hosts largest ten innants aa largely run company. there are three stocks i like for 2023 realty income, federal reality and prolodges. reality income mostly owns retail properties but i think these retail reads have been punished excessively now that you got a chance to buy at a discount, this has come down a lot. it's so simple the letter o i know that's meaningless but i like it. what are their climaents recession proof. i love dollar general. love it. walgreens, 7-eleven, dollar tree i don't like as much anymore and fedex. this company is a dividend machine and pay a monthly dividend and people love to get a monthly distribution and tend to raise it multiple times a year currently the stock yields 4.6%. i like this one.
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next up is federal reality don woods company, residential office space and retail. what sets it apart is location most of the properties are wealthy suburbs which insulates them from economic weakness and i liked the mixed use combination and federal reality has a terrific leadership i mentioned from a guy who comes on the show in good and bad times and that is don wood the ceo. the stock has not done well, it been a terrific long-term holding and paying you to wait for the 4.2% yield there is a company in the dog house called prolodges, logistics obliterated. it got hit hard and amazon made comments how they had over built the logistics capacity and never really came back from when amazon said you know what? we have too much capacity. you know i think amazon is getting hurt badly prolodge is being hurt because it's doubling down on its business acquiring duke reality,
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another logistics read but that whole sale selloff space purely on vibes when you look at the results, they are fantastic prolodges whichwe've had on a bunch of times had a 97.7% occupancy rate last quarter for heaven's sake. that's the met tric i care about i'm a big believer and the stock has come down to the point it enticing trading 20 times next year's funds for operations still a fast grower. i think that when amazon rationalizes you want to own prolodges. here is the bottom line. real else state stocks are humbled and this continues in 2023 it could get worse as the fed doesn't see the warning signs and keeps tightening aggressively as it has but there are legitimately good stories like cramer fav vici or iron mountain with performers that have suddenly gotten real cheap like reality income, letter o, federal reality and prolodges. "mad money" is back after the break. >> announcer: coming up, cramer wants to hear from you your calls on the thunderous
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lightning round, next.
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>> announcer: lightning round is sponsored by td ameritrade it is time, it is time for lightning round, rapid fire, first one, and the lightning round is over. are you ready ski daddy? time for the lightning round let start with j.d. in colorado, j.d. >> caller: boo-yah i was asking about amc movie theater -- >> you know what we'll take a pass. $5 is where it should be and no higher nick in connecticut, nick? >> caller: jim, how are you?
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>> i am good how about you? >> caller: good, thank you happy holidays to you and your family. >> same. >> caller: i wonder your thoughts by being in a company called tech know glass, t gls. >> good company. usually don't get asked about it good infrastructure and i think that i would buy it if it came in a little bit with a very big run. let go to patrick in new mexico, patrick? >> caller: boo-yah, jim. i'm calling from beautiful santa fe, thanks for taking my call, sir. >> bet you it's still light out there. it's getting dark, short day what's going on? >> caller: please tell me what you think of my stock lp ii laredo >> i prefer pioneer, pxd which i think is much stronger and the charitable trust owns it we're not done, we're going to dave in illinois, dave >> caller: dr. cramer, high mad eagles beaten bears friend
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my stock is best in class, return on equity at nine times, the linkster and i like dr horton. >> horton is a good choice but they trade together. toll is good, too. i think dr. dave and i pr reciprocate in the degree. 25 to 20 and horton both work for me let's go to carson in california, carson >> caller: boo-yah, jimmy chill. >> boo-yah, the chill man is in the house. what's going on? >> caller: my question is about a stock that's got a return on equity of 38% and is trading at a pe of 6.5. the name is master craft boat holdings. >> i think that's a good company we're more familiar with brunswick b.c. more expensive but we like it a lot and that, ladies and gentlemen, is the conclusions of the lightning round. >> announcer: the lightening round is sponsored by td ameritrade coming up, help wanted, one
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full-time ceo. who can make this bird fly and work with elon musk? cramer dives on in, next good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back.
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it is time, it is time for
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elon musk to bring a new ceo for twitter. nobody would want that job good point which is why i'm officially taking myself out of the running right here, right now. he can't just hire someone immediately other than brett taylor the former chairman of the twitter who recently stepped down as co-ceo of salesforce i can't think of another executive whoever stood up to musk and won it was bad we went toe to toe in court keeping him from backing out of the deal giving twitter holder as huge and you can imagine the stock, if the business turned out somuch an undeserving wind fall. we know musk didn't want to buy twitter in the first place unfortunately, he sealed the deal at that point i don't think he wanted to run twitter either vowing to the wishes of a user base vowing to oust him this weekend, including me he wants to stick around in a product role like the founder and ce o of under armor
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second time maybe a charm. personally, if i were head hunting for a new ceo of twitter, i'd want to bring in kevin systrom. the founder of instagram he would be a tremendous choice, one of those rare silicon valley big wigs who possesses more than a slhred of humility there is a mock poll on the drafting site that has everyone being talked about and joked about as ceo except samuel bankman-fried. i can't believe he didn't make it there go to my twitter acc account @jimcramer to see the contenders of this mock hole at this point, it would be okay -- i would be okay with anyone taking over twitter musk just needs a warm body. that's negotiable if he can pull a "weekend at bernie's."
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unfortunately, it can't run on auto pilot tesla is up against real competition so it could benefit from something closer to a full-time ceo. let's think about some of these things consider for instance, the brand-new lucid air that hit germany and the netherlands today limited edition but gets 514 miles per charge and tesla gets 405 at most there is a bmwi 7 luxury electric it dominates with comfort in the backseat and handling in the front. making ideal for chauffeured cars, perfect for the rich more importantly, though, ford and gm are ready to roll in the electric space on mass in the scale. we spoke to mary barra, the ceo of gm and she has a multitude of cars and trucks coming including the soldout electric hummer. my wife test drove one and said it's mind blowing. that's the one that can crab
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walk the one that is ahaze something ford tesla market share dropped from 72% staggering to under 66%, still staggering while ford's market share jumped from 5.5% to 7.5% ford actually is just getting started. next year they're expanding the electric product line and jim far low told me capacity is expanding a lot. mustang, the f-150 truck and add new capacity in europe for two new models and by this time next year we should go from 15,000 capacity per month to 50,000 per month. and ford will break out the numbers including profitability or lack thereof while most old school bury eletric businesses because it's their electric losses within the overall combustion business. that's a reason we own it for the charitable trust you can follow along by joining the cnbc investing club tesla has a century ago ford wap
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if only for tesla's ailing shareholders with the stock down 60% for the year, i'm begging elon musk to hurry back from twitter. his time is too valuable to waste. i like to say there is always a bull market somewhere and i promise to find it here on "mad money. i'm jim cramer see ya tomorrow. investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ with a modern way to send a traditional postcard. ♪ hi, sharks. my name is josh brooks. i'm the founder of on the run tech and postcard on the run. today i'm seeking $300,000 in exchange for 5% equity in my company. if you're anything like me,

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