tv Mad Money CNBC February 3, 2023 6:00pm-7:00pm EST
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tesla and elon musk not liable for securities fraud in that tweet case you can get more details about the verdict on cnbc.com. that does it for us here on "options action. we've got a mark that's all kinds of crazy keep i 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. wel welcome to a special miami edition of "mad money" coming to you from the amazing telemundo center other people want to make friends, i'm trying to make you money. my job is to educate, teach, call me 800-743-cnbc tweet me @jimcramer.
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breathless i'm breathless this morning the labor department reported our country created over a half million jobs last month more than twice anyone was expecting. these numbers up ended the entire thesis a recession is just around the corner even though this is supposed to be a good news is bad news market, we ultimately didn't get hit that hard. dow dipped 128 points, s&p claimed and the nasdaq lost 1.9% given how bullish the market is and how much it's gone up. that's a remarkably shallow decline. this number gives the fed more leeway without choking us off but if the economy creates a half million jobs, what a country. it's hard to see getting derailed by another rate hike could possibly happen. it's not like i've been saying over and over, we're in bull market mode. you can see the strength of the stocks in downside surprises
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this one probably really took you. it reported weaker than expected numbers last night after initially opening down, it then rallied furiously the stock finished up nearly $4 for heaven's sake. the largest company. how about that with the market's newly forgiving attitude in hmind, wht is up for my game plan next week monday morning starts with the company called tyson foods if you want to know when we see inflation at the supermarket, tyson can tell us. this is a must listen to conference call. can't buy it yet can't touch it too much disappointment over and over and over again. after the close we got simon properties we're down in south florida. we're coming to you from the fantastic telemundo center and i talked to business kids and a
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bunch were interested in the real estate investment trust surprising you usually don't get those. it's usually about crypto. these kids are smart they know not to ask about nothing but crypto i said it's a tough time for many in the business given the remote work and enclosed plays don't seem like anything to write home about there is a lot of problems with retailers. can simon properties, the largest mall cut it? you know, it's hard to say but these are real smart guys. they may pull a rabbit out of a hat by get a heck of a conference call. belle le we'll learn about that we'll run through the stocks for the charitable trust and one of the most interesting ones is linde. the industrial gas company that's natural gas, not gasoline they announced they will be increasing exposure to hydrogen in california, which tells me that hiydrogen fuel cells may have a chance. they report tuesday morning and stock got clubbed today.
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after the close chipotle reports and given they are hiring 15,000 people for something called burrito season, i have to believe business is phenomenal i know the stock is expensive on this year's earnings estimates but i think the estimates are too low. many people call in and they ask about end phase energy because it makes inverters that convert solar energy captured by solar panels really cool. i always say the same thing. if you believe that solar could be bigger, then it is now that end phase is the right stock for you. this is a winner we've liked it for awhile. a lot of people were asking me why is cvs health a real bow wow? just disappointing well, it's not the company it's what we call the covid hangover stocks too poorly because the year over year comparisons can't be beaten. we had too many vaccine seekers turned shoppers last year but maybe there is another reason in particular, do they have the
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staff, can they afford the staff because you know you need a lot more people these days because so many items are under lock and key. yeah, just to get a razor, just to get shampoo, i want to know how much it's costing them that could be the problem. and so is the fancy word for stealing we'll hear from yum brands they will have good same stores figures and sticker prices being too high i think young could do better on the strength of kfc, taco bell and pizza hut. reasonably priced plays. we have one of the most exciting earnings affairs ever. disney's quarterly report. the former ceo took over the current ceo after they were fired in part because the last quarter was terrible igor hasn't had a chance to breath but i bet things will return to normalcy under
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leadership because it was normal when he was there. we owned disney for the charitable trust and our position got obliterated tell you good and bad. it got obliterated by previous management i think happier days are here and we're holding on and no longer for dear life thursday morning we hear from big pharma there is negative press about the high handed way these guys went about protecting the price of the best selling drug for auto immune diseases, really tough stuff and does a good job. they are findly losing exclusivity after years of fighting off generics that would have crushed the gross argins. that game is over with they have to deal with the consequences of losing patent protection let mel a tell you something, i management addresses that, i got to tell ya, if they're forthcoming i think the stock will go down and maybe even go down a lot i just don't know if abbvie has enough for one of the biggest
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drugs in history when we get a commodity collapse like today, i want to reach for the packaged good stocks because you can see the raw costs declining in realtime. typically they don't get much lift unless the economy is deteriorating. how can you say it's deteriorating if 500,000 people got hired? just in one month. that's why i worry about the stock of pepsi co-thlorado co t on thursday. remember, pepsi is a great company but it can report a quarter that people actually don't like because of the macro data after the close, we hear about the highly controversial paypal. that's controversial because it used to dominate the online payments business and now the field has gotten so crowded. i mean, just like everybody is in and their margins are getting hurt earlier this year, paypal laid off -- early last week, yeah, like the beginning of the week, oh, boy, having too good a time
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here early this week, paypal laid off 7% of the staff in a bid to cut costs. you don't do that if you're feeling good about your earnings hey, by the way, we found out the fastest growing part of apple's juggernaut services is finance business including payments that will be a fierce competitor who needs paypal when apple pay is build into your phone i use it we also got an animalalist meet. they make drones for the military they have thousands ready to go but the government doesn't seem inclined to pay for them too bad, the drones are far more efficient. i hope management can explain what went awry here. the pipeline business lost the way thanks to the administration's friendly attitude towards gas and that hingered the stock 6.5% yield.
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i like these guys. payout back. when they report friday, we need to know the state of play on natural gas and fuel that seems to be headed below $2. how did that happen? just collapsing. we swing wildly from not enough to way too much natural gas. it's just a nightmare for the producers. but fabulous for creating disinflation jay pauowell's favorite remember the new rubbermaid reports on friday and a compelling turn around will it continue can it be sustained or should we hold on that beautiful dividend 5.7% seems like a reasonable proposition. bottom line, i don't know if we can continue this week's pa bizarrely bullish behavior but it's worth sticking around some stock you're up a lot, we can talk about that with members of the cnbc investing club if you did, all i can say is congratulations. you've battled all the bears and you won. let's go to jerry in missouri,
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jerry? >> caller: hey, jim. i'm a club member and i wanted to ask you a question about this rental car giant i purchased -- >> sure. >> caller: -- the company when in bankruptcy. when it came out i was awarded common shares and warrants i'm thinking of adding to my investment down quite a bit. i want your opinion if you still like this company and that is should i buy one, the shares or the warrants or does it matter >> it doesn't matter what's the stock did we say at the beginning? >> caller: the stock is hertz. >> what matters here is this and i recently had a question about this you know it's getting really expensive to rent a car and there will be people that say it costs too much money and i won't do it. it's run by steve the cfo of
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goldman sachs a real good businessman. if anybody can pull a rabbit out of a hat, it's him some things are getting too expensive and i don't like it. i don't know if we can continue the bullish behavior but worth sticking around and maybe trim it if you own stock coming in on "mad money" tonight i'll talk about this stuff we have a debt crisis in the u.s. but why does it seem like nobody is worried about it i'll layout what you need to know and you called me on far fetch and origin materials i'm turning in my homework tonight and surging after a big earnings beat, what a stock. what drove the growth? stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com. or give us a call at
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how come nobody cares about the debt ceiling the stock the market is curious period the debt crisis is a problem with a man-made absolutely unavoidable incredibly stupid one but it's not an issue at this exact moment. we know that because we've seen this movie before. in the summer of 2011 not long after republicans took control of the house of representatives, during the third year of the last democratic president, almost exactly the same setup as now, we had the same debt ceiling showdown
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our government went past the ceiling, treasury took special measures to stretch out the cash we heard about all these things. it calm down to the wire and one of the major ratings agencies of downgrading the united states credit rating thanks to risk of a totally voluntarily default. voluntarily. they went over the line in mid may and had enough money to make it through to early august but then the negotiation between congress and the white house went nowhere just like right now. from the may highs to the august lows, the s&p 500 lost nearly 20% of its value, 20%. of course, not all of that was the debt ceiling europe was having a horrific debt crisis beut it was the inability to make a deal the market got e vis rated during that period on a completely ill advised move, the s&p plunged more than 17% to put that in perspective during the entirety of last year, the s&p
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fell 19.4 percent but everyone was panicking. and it felt terrible just imagine if we had a similar decline over the span of a couple weeks the last debt ceiling crisis did get resolved the obama administration and house republicans agreed on spending cuts. the debt limit got raised in early august problem solved here is the thing. once the situation stabilized, the stock market bounced back. the s&p finished 2011 flagged for the year what a buying opportunity. despite the sovereign debt crisis and fukushima disaster, it was barely dinged by the end of the year. i remember that period people told me i was way too bullish after the debt ceiling agreement. i said no, that was the problem. i think it's a major reason nobody is freaking out now fool me once, shame on you fool me twice, shame on me at the same time, even if people
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are going to worry about this, it's too early to start worrying like we saw in 2011 the majority of the debt ceiling came in the two weeks before the government ran out of money we're definitely not there yet we got to watch. but we're not there yet. when we hit the debt ceiling, janet yellen started taking so-called extraordinary measures to cover the bills without borrowing money. most of these are mundane accounting maneuvers, holding contribution to pension funds and borrowing money for exchange rate fluctuations, that kind of thing. yellen said these measures can last until early june. that's four months away. the biden administration is negotiating right now with house speaker kevin mccarthy to come up with some kind of deal. they made zero progress depress so far zero but they had a lot of time to work this thing out. the white house doesn't plan to prioritize these negotiations
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until tax day in mid april they're not concerned. if you're inclined to worry about the debt ceiling, don't expect them to get worked up until may but they will in may for now, the showdown hasn't even started yet once it does start, there is a possibility things could go wrong, very wrong. while speaking of mccarthy made encouraging noises about the most recent negotiation to president biden, it is really clear that he and his caucus will demand some kinds of cuts and who knows if the white house is doing to be willing to go along with that. plus, unlike in 2011 in order to secure his job, mccarthy had to adopt a rules package that eliminated something called the get part rule which allowed the house to raise the debt ceiling without an actual vote in the past now it's going to be much harder now republicans seem eager to have this fight and while i think the worst case scenario of a default is unlikely, it certainly a possibility. democrat or republican, you have to start caring about this in a few months
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what does the worst case sen near owe look like once the treasury runs out of cash, the white house has to decide what they stop paying for. the principle when the bonds mature, horrible maybe all sorts of started planned spending gets pushed back social security or medicare but people will be worried so while we don't know what this would look like, it's definitely bad. you know how i keep talking about the winners of the big infrastructure bill and last year's so-called inflation reduction act, those projects will get suspended if the debt ceiling doesn't get raised and if things get so dire that social security payments stop happening or veterans lose benefits, that will have an immediate negative impact on the whole economy but i'm sure biden would agree to some spending cuts nobl nobody wants to be the president who screwed up social security but as we get closer to the debt ceiling deadline, you better believe we'll see more headlines about how we can be headed for a
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real economic disaster at the same time, given that most interest rates are determined by assigning some spread to government bond yields, these government bonds will plummet sending interest rates soaring. if we can't believe in the full faith and credit of the u.s. government, what can we believe in you have to expect a major freeze and don't get me started on currenciuacurrenciuay fluctus there is something that could trigger a constitutional crisis in itself. i heard smart people say biden could ignore the debt ceiling because there is a provision in the 14th amendment to the constitution that says and i quote, the validity of the public debt of the united states shall not be questioned end quote. i don't think the supreme court would buy that argument but who knows. also the treasury in charge of the mint, get this, technically, when welooked at this thing, there is nothing stopping them from minting some coins with insanely high denominations. just creating money out of thin
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air kind of like crypto. crypto is not backed up by anything ridiculous solution to a ridiculous problem either way, i don't see the white house trying to do anything real crazy unless the negotiations go totally awry and the government literally runs out of cash this summer. let me give you the bottom line, this is a very difficult to understand situation because it's man-made but you have to worry about the debt ceiling but not yet. because the actual showdown comes at some point in may or early june once the money runs out. if history is any guide, that could cause a major decline in the stock market but if we follow the 2011 pattern, you know what i'm going to want you to do? i'm going to want you to -- >> buy, buy, buy. >> because it will be a buying opportunity. "mad money" is back after the break. >> announcer: coming up, don't wait until the last minute to get that homework done cramer file as report on two companies with a story to tell, next
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. welcome back to "mad money." from the magnificent telemundo center in miami. that's right we might be traveling now and yes, it is a balmi 86 degrees here in miami. this isn't a vacation. this is a working trip maybe not tomorrow we didn't leave obligations behind when we headed to florida for a couple days. one of the obligations we take most seriously is our homework i love to field questions from the audience from every show but whenever i get one, i can't answer it. you know what we do? we take time to do research and come back with a considered response and tonight, we've got two of them and they're both fascinating. one good and one bad last friday, rick in pennsylvania, no doubt an eagle's fan asked about
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farfetched, ftch an online retailer specializing in retail fashion. you may not have heard because it a british company only 21% of the sales come from the united states. they got a slick platform, too, not just farfetched but other grands like stadium goods for sneakers and street wear or new guards they also have a company called ynap that owns net, the online luxury retailer with extremely rapid delivery with boxes that appear magically on the stairs in front of my house almost every day. amazing. what a great company unfortunately, none of that meatermeat matters right now. farfetched is losing a ton of money, which we don't like and leads to profitability which we destain so far as i can tell they got impressive revenue growth that hasn't flowed to the bottom line they don't have positive earnings for interest, taxes,
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depreciation and focused on ebita a generous measure of profitability, they had one profitable year, which was 2021. of course, we were still in the covid economy. speaking of the covid economy, this stock caught fire during the darkest days of the pandemic surging from $6 in march of 2020 get this to $73 and change in the highs two years ago. many of the most speculative stocks were going nuts when they peaked since then the stocks plummeted to just under $7 and that's after nearly doubling from the lows in december. quite a move since the year began. farfetched lurks lower after management held a particularly discouraging capital markets day. normally when companies do these things, they want to paint business in a positive light but this time, farfetched gave us disappointing long-term margin guidance, get this, the stock lost 35% of the value in a single session can you imagine if you own that?
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since then it's made up the rally and all things speculative that got rolling within the new year this is a gift if you own far fetch you're getting a chance now to sell. >> sell, sell, sell. >> at a higher level than it should be. if you don't own it, i'm not a fan, not even for speculation. by the way, these days i'm not a fan of luxury retail too many surprises even r.h. formerly said restoration hardware cut the forecast this very evening no thank you next up, also from last friday, they really stumped me was michael in maryland and he asked me about origin materials, orgn with an environmental kicker this is a story we covered before back in december of 2021. all right. it's a former spac name. you know i don't like spacs but at the time, it was trading at $6 and i gave you my blessing but only for speculation roughly 14 months later, origin stock is roughly the same level up slightly but the market is down 10% over the same period.
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if you ask me about this a month ago, it would have been a much worse situation. origin is back to the levels thanks to a furious rally over the past few weeks again, just kind of like farfetched, you know what i mean this stock bottomed at $4 and change late last year and managed to rally almost 45% since then again, part of that rotation to all things speculative in 2023 so where do i come down on this one? honestly after a little over a year, i have the same attitude you got my permission to speculate providing you know you're speculating, meaning you should only buy with money you can afford to lose this is a great stock to talk about yesterday, a business school at the university of miami. it turning the carbon found in cheap, widely available non-food bio mass like sustainable wood residues and a useful material they capture that carbon in the process, which is why these guys refer to themselves as quote the world's leading negative carbon
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company. end quote. nice environmental angle but what makes this extremely speculative is that the business is just getting started. this is what they call on wall street a prerevenue company, which means they're not selling anything right now at least for the next few months when we first addressed it at the end of 2021 origin didn't have operations. they were building the first facility i was willing to take a chance because they had 4.2 billion in off take agreements and capacity reservations and they had major players, pepsi, nestle, which is known for environmental bent and ford motor, which is known for missing the quarter among others i also like that origin had the backing of frank mitch from research by the way, they're the best chemical company -- he's the best chemical analyst i know so how has this story changed? we'll start with the last point. origin has the backing of frank mitch. all six that cover the stock like it. five buy ratings and one hold. no sales as for these off take agreements and capacity reservations, they
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more than doubled the book since the last time we talked about it at the end of september, they had $9 billion of off take agreement. and capacity reservations. that's a nine fold increase since we first learned about origin and coming public via spac in february of 2021 for the best news, last friday, the same day that michael and maryland asked us about this one, the company announced the mechanical completion of the first manufacturing facility in canada they say they still need to commission it. we should just take a bottle of champagne and hit it it should be up and running as we head into the second quarter. origin has a second facility in louisiana. the story improved since i first talked about it. of course, we're at a very different part of the business given the labor report, i'm not worried about the materials will hold up because i don't see a recession if at all. bottom line, farfetched is
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too -- can't h had to do it. f farfetched origin materials is a fun and i say that because you know i'm not against speculation, a fun single digit stock that is worth betting on but remember, it's pure speculation meaning it's extremely high risk let's go to frank in massachusetts, frank. >> caller:, hi, jim, how are you doing? >> frank, doing well how about you? >> caller: very well thank you. >> excellent. >> caller: i am an investor who is strengthening enhancement investment skills by being a decade's long viewer of both shows and i want to thank you for making me a good amount of money. >> you're too kind finish the week strong with that kind of comment. thank you, frank. >> caller: i have a fairly large core position in a stock hershey symbol hsy
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i just wanted your thoughts on short and long term acquisition in a long term kind of diversified income portfolio, jim. >> thank you for the kind comments second, michelle came into that company turned it around and just reported an amazing quarter. i would not touch it i would continue to be in hershey. she has done remarkable job. i had the pleasure to meet her at a conference and told her to come on. i got to follow up and get her on the show for you. fantastic great investing and thank you matt in tennessee, matt >> caller: yeah, boo-yah, jim. >> boo-yah, matt what's happening >> caller: hey, my question today has to do with hbi, m hanesbrand they eliminated dividend i have it in my dividend portfolio and i was wondering is it a good play to go ahead and keep it and hold on to it or
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should i continue accumulating shares until they work out the internals and get the debt taken care of? >> all right matt, let's think about this do we want to buy shares that want to get rid of a dividend. nobody does because things are going well well sell that stock and find a better one that's what we have to do with hbi and a lot of people bought that for the yield a lot of people are buying it. we said forget about it. farfetched, well, how about this it's farfetched for me too farfetched no reason to mess around retailers have enough profit with the profitable ones but origin materials is still cool it actually might be worth betting on for pure speculation. much more "mad money" ahead including my exclusive with elf. that was once purely speculative when we had him on and now blue chip could an investment bring some pro pretty profits to your
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portfolio? after a blowout jobs report, what caused the market to jump higher i'm revealing the reason behind the moves and all your calls rapid fire in tonight's edition of the lightning round so stay with cramer. at adp, we understand business today looks nothing like it did yesterday. while it's more unpredictable, its possibilities are endless. from paying your people from anywhere to supporting your talent everywhere, we use data driven insights to design hr solutions and services to help businesses of all size work smarter today. so, they can have more success tomorrow. ♪ one thing leads to another ♪ (vo) is three hundred and ninety-one thousand four hundred
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the latest in another string of great quarters with much higher than expected sales translating into a monster 25 cent earnings beat off a basis yet more than doubled wall street easiest mitt and raise the full year forecast substantially. no wonder elf stock jumped 15% yesterday for tackling on another 3.6% today remember, this was not a good day in the end adding it up, the stock is over 45% since we last talked to them in november. the only question now does it have more room to run? so let's check in with the chairman and ceo of elf beauty welcome back to "mad money." >> thank you for having me always a pleasure. >> these are rather unbelievable numbers. i rarely see a company report twice of what people are looking for so what is your business doing right now that's allowing you to continue to crush expectations like this >> well, you know, i think it's a continuation of successful strategy we've been executing
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for more than four years this is our 16th consecutive quarter of net sales growth up 69% and grow adjusted ebita and built 150 basis points of market share and really three key drivers first and foremost overall value proposition, we make the best of beauty accessible to every eye, lip and face and power house innovation we can make products you could previously only see in the arena and third, exceptionally high marketing and we know how to engage and attract consumers i think all three are working together to continue our momentum. >> i'm not sure people realize going to ulta and target, you talk about value, i have a page from your deck camo concealer, $31 and yours is at $7. how is that possible >> well, you know, our entire company is geared towards offering high quality extraordinary value. it's the way we're integrated
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between innovation program and supply chain and everything we do we take great joy in terms of being able to bring that value to our consumers and obviously, they're responding with tremendous sales of our products. >> now, you've been in target. now it seems like a long time. you started it was brand-new i was in a target recently and the amount of space, say, a ruler is remarkable versus where it was you're taking share. you got to be taking share of the companies. >> we are. we are targets our longest standing rational retail partner cares about beauty we had a great track record with target in fact, in the last year, we passed nutrigena and we continue to pick up a ton of share there and they are rewarding us with more space this year and
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continue to support the brand and really we're seeing that across the board a number of different customers really supporting elf based on the growth we deliver, the consumer we deliver, which is important in the innovation. >> you're getting consumers in all sorts of different ways from other guys, correct? you're a big presence on tiktok, you understood the web very early on. >> that's right. that's a big driver. for us, we're the number one brand amongst teens and a big insight for us is let's live where they're living we're the first pbeauty brand o tiktok, the last challenge had 15 billion views we had our own channel on twitch we were the first one on being real so becontwe continue to innovat we do unexpected things. so this last quarter, we had an insight where most women will decide what their look is of the day based on the weather forecast so we partnered weather
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channel. >> brilliant. >> meghan trainor and elf and created a glow report with the liquid filter back in stock and that one activation alone had 5.7 billion views. six times when we see during the holiday season so our team continues to find fun and creative ways to entertain the community and they in turn reward us. >> in the meantime, i cannot leave out you have always been rewarding to the communities that help you and you've done a huge number, huge things with charity. i want to give you a chance to talk about what you do just corporate. >> for us, it goes hand and hand we're a value purpose led company and we really care about our values, which is really empowering and supporting our community. so we give to different charities. we do employee matches my wife and i personally match every donation, as well. it's really important to us as the values of our company to make sure we're being right by
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our community and extends to the brand values our super power is not only premium quality at great prices with broad appeal but also i think the only brand that also is clean, vegan, cruelty free and the only beauty company that's fair trade certified because we want to make a positive impact. >> my kids are well aware of that i put this stuff in my wife's closet she thought she was using a high priced company she said i like it more. the answer is pretty much everywhere because that's how good you are and how great your company is what a run $69.74 when you first started the stock was $15. congratulations. that's the chairman and ceo of elf beauty what a winner. i got to tell you, it works in inflation and recession. "mad money" is back after the break. >> announcer: coming up, cramer takes your calls and the sky is the limit. it's a fast fire lightning round, next.
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with paycom, employees do their own payroll. no problems, no surprises. [narrator] schedule a demo at paycom.com and make the unnecessary, unnecessary. [ cheers ] i'm bringing the heat from the gorgeous campus of the university of miami. >> i'm a big fan thanks for coming. my dad is, too he says thanks for paying my tuition. >> heard that story about you and your hedge fund days and want to get you a box of donuts. >> these guys are smart. it's in the book they read the book shows homework and preparation join us in giving a hometown hurricane welcome to jose moss,
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the ceo. >> look at these kids. we can learn from these kids every single day their hunger, desire, opportunity to succeed and exist in this country better than everywhere else in the world. >> i want to tell you how much this show means to me. my father died of pancratic cancer and this shows one of my few memories with him, watching it with him. i'm thankful to meet you and be here today. >> you're why i do this show i'm jim cramer signing off from beautiful miami. thank you for having me. ♪ ♪ powerful day i want to thank you to the miami herbert business school for your hospitality and passion for what you do and what we do. we love the you. and i got it right and now, and now it is time, it is time for a special miami
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telemundo center lightning round. take your calls, rapid fire. buy, buy, buy, sell, sell, sell and play this sound and then the lightning round is over. are you read y ski daddy? time for the lightening round. dwayne in louisiana, dwayne. >> caller: hey, jim, i am a club member and wondering about a stock that i'm playing with the house's money. that stock is cintas. >> such a good company i would love to listen ring the register with more let it go. one of the greatest small business companies in the world. okay let's go to arra in ohio, arra >> caller: boo-yah, jimmy. >> boo-yah. >> caller: cathie woods arch fund is a large position in zoom she has corporate clients and in my opinion, corporate america seems to be gravitating towards similar tools like microsoft and google making zoom potentially
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obsolete professor, whose side are you on >> i think zoom is a tough call. they're great people we had kelly on the show terrific guy the problem is the business model. they're just not making enough money. they need to merge with some and they tried to merge before and it failed. they need a merger let's go to pennsylvania, sean >> caller: yo, jimmy chill >> sorry the chill man was not chilling yesterday. i was sweating holy cow what's going on? >> caller: so, i want to talk about safer bet in the money line for the super bowl corsair? >> no. all right. look, corsair is gaining pa riff y -- per riff yell they're second rate, second rate
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logitech let's go to jack in ohio, jack >> caller: thanks for your help, jimmy. >> much appreciated. what's up? >> caller: hey, looking to add to my dividend income on a pull back pioneer natural resources. >> definitely. scott sheffield swore to me he would be the highest yielding stock in the s&p 500 not because the stock went down. i think that at 220 may be one of the best investments you can make because it has a 10% yield backed up by cash. let's go to save ray in colorado, ray? >> caller: hey, jim, thanks. i'd like to follow up on your segment about dividend aristocrats, your thoughts on 49 years in a row vf corporation, vfc. >> i am very worried it's run by the great ben in clorox a terrific way by the way, how about linda doing an amazing job fantastic quarter. let's wait to see what he says before we jump he's the thoughtful person on
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the show and tell us how they are doing it let's not pull the trigger until then mark in new jersey, mark >> caller: hey, jim. i wanted to see what you think about afc space mobile trading around $6. >> only for just a huge amount of speculation, i mean huge because i think that's a tough one to own and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by t.d. amer ameritrade coming up, today's job number turned plenty of frowns upside down but a bear is a fool fool's errand. cramer goes
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. is this a great country or what there are rare moments when common sense intervenes the stock market today was one of them. they created 517,000 jobs. fabulous 3.4% unemployment, the lowest since '69. staggering good news for wall street in the good news is bad news mode since the fed started raising rates to tamp down inflation. the more good news we get the more aggressive the fed needs to be with rate hikes today we got some of the strongest employment numbers of my lifetime. however, with that job creation, wage growth didn't really accelerate you can argue it cooled from the previous month though it did come in higher than expected that's what allowed stocks to
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more or less hold off at least until the end of the day it could have been a real breezing wednesday when the fed raised rates by a quarter of percent, they weren't ready to fight inflation. today's labor report, powell celebrated the disinflation and told us he's not happy with the rising cost. we don't have enough people to fill, we have enough people to fill the jobs that are buying offered. powell can create more people out of thin air and change immigration policy and workers from overseas but raise interest rates to the point we get a hard landing meaning lots of people get thrown out of work and willing to work for less that's tough medicine. is there another reason with tremendous employment number i think think of a few a lot of people are betting we're headed for a recession after this number today, that's near impossible. too much job growth. anyone that thinks the fed has to swiftly cuts raids clearly
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fooling themselves but a lot of people making this wager they're wrong. >> boo >> give them both. the hard landing cohort botched it this time powell once again got it right own up, fellas honestly this story is simple. for ages we haven't really thought of ourselves as a growth country. we increasingly saw america with increasing growth, no warehousing, little natural resource development no more. these industries are hiring like crazy. my take is the comeback for the reaction today for a move lower in the afternoon has to do with faith, faith and thinking there won't be a recession faith that the fed wants to hit us with one or two more rate hikes will be fine that's relief and sell price of what this country is really about. opportunity. even in a good news is bad news market, if the news is good enough, you're not going to get that much of a negative reaction and more than a half million jobs created last month is good news that makes you feel insane
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for worrying about a recession if the fed wants to raise interest rates quarter of quarter this economy can handle it that's the take away and yes, i reiterate is this a great country or what? i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer see you monday makes its money off make-believe, tracii hutsona blends in well, dangerously well. schwartz: tracii comes across as a former model, actress, up-and-coming entrepreneur. she's married to an ex-football player. she was fun, very sexy. keach: we learn all about her from her youtube show. and it's called "homeless millionaires. as the owner of a concierge company, she promises clients the good life that only she can access. they would film in big houses, in fancy cars, on vacations. we're at the ritz-carlton in grand cayman.
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