tv Mad Money CNBC April 4, 2023 6:00pm-7:00pm EDT
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going to stick with it a little more >> a theme developing here >> i swapped out a qqq into svi, that's killing me. >> mel, it's not just wall street talking about gold, it's not just main street gold is being talked about on every street. my mission is simple, to make you money. i am here to level the playing field for all investors. i promise to help you. mad money starts now. hey, i'm cramer. darn banks. here they go again.
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now start tumbling 5.2% although it did finish well. you could argue that pending a belles bears tail on the banks is a simplistic explanation. we know banks are still tutoring. no need to push them over on the show but we are beginning to see the effects of our banking crisis and it is making some investors skittish, investors like jamie diamond, who wrote in his annual letter that came up this morning that the crisis is not over and that there is more to come. we are worried about liquidity, meaning do we have enough robust markets to raise cash? we are worried about credit, meaning well banks still lend money to people who want to expand and we are worried about defaults. defaults on big office building towers, defaults on small
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businesses, defaults and all sorts of loans that are needed on money that you have to buy to keep your goods in the store. we are worried about all of those and worried because consumers in pain may not be able to do any buying. where did this palpable sense of fear start to come from? the bomb market, that's where, the bond market. we came in today moving higher, sign of better times to come, pretty calm. we are seeing anything on the horizon that would make anything see my credit would be hard to come b . things are normal. but then we got the latest job openings and labor turnover survey, also commonly referred to as the jolts numbers and there were far fewer job openings than we expected. that could mean that businesses feel uncertain or they're
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actually trying to figure out if they should be laying off people. we also got negative reads for factory orders and goods orders which seem to confirm the idea of a macro environment. it was a trifecta weakness when we figured at least one of those numbers would show some strength. either way, the trio triggered an extreme response in the bond market, which you know, is much larger than the stock market. they were drifting hi all morning then when the news came out, rates spun lower, going down levels with the sense that maybe the fed has already overshot. it is one of the biggest declines we have seen in months. i don't like to play this recession no recession game. if something forces traders to choose a side there is a camp that says owners will fall apart, a camp that says they will be good only for companies that don't need a strong economy and then there is a third group that said strong
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groups you don't have to worry about capital mean higher stock prices. i'm going to be dismissive of all three camps because that is what they deserve. let's cycle the first kit, the one that says earnings are going to fall apart. earnings season is right around the corner but the season does not jibe with anything anyone said and i follow a gazillion companies. sure, there are a handful of tech companies that reported a week quarter and even if jp diamond let loose that broadside about how the crisis is the same with us at the same time he said interest rates could stay higher for longer. that is before earnings. if earnings were about to collapse due to spotted some evidence beyond the decline in stock prices before now. if anything, the collapse of a couple banks could be equivalent to a 100 basis point rate hike from the fed in terms of reduced bank lending. you could impute that rate hike from these falling banks and if
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that is the case, the fed is mostly done. if the fed is done, you know what you have to do. you have to not have the sense that stocks are not where you need to be. they are at the ideal place. always work, always will be. go ahead and scoop some of them up tomorrow morning. we did it for c&c's investing club and i've got to tell you, we are itching to buy more into tomorrow's session. the second camp says the slowdown is upon us, so it is time to buy the defenses. i like the stocks very much. farming, consumer package goods, but just two weeks ago with the same backdrop - some jobs wanted numbers, the same stocks were being pummeled because they were too defensive in the business just is not that bad out there. in the last three days, the safety stocks have had gigantic [indiscernible] it is ridiculous that wall
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street went from believing we were going to have a decent, great economy a week ago to believing now it's about to fall apart and pay any price for safety. that's nuts. to be sure though, we are telling club members that the news about johnson & johnson settling for some difficult litigation and i thinka reasonable price for all is a huge positive. tonight after the close i think we will get some upgrades. the final camp, the one that says you should buy big capitalization tech stocks because they have beautiful balance sheets and don't need to borrow money from banks, are you kidding me? are you really going to buy amazon, betting the stock will trade higher depending on its balance sheet? if you believe that, then you, my good friend, are a more on. this is some new harebrained idea that needs to be locked up with a key and thrown away. you think that if amazon's bad quarter would be saved by a
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balance sheet you really want to buy google because it's going to make a terrific story now that the banks are in trouble? do you know what would make a terrific story at google? how about sizable layoffs and a big juicy earnings surprise, something that seems incapable. regardless of what buyers and sellers are doing you cannot have an extra recession and an expansion at the same time. it doesn't work that way. you can't be thrown for a three yard loss in the three yard gain on the same play. here is my advice. if you have overnight gains and defensive stocks, by all means, take them except for jj. put them back to work in the industrials that are falling apart. you don't even have to dive in. there right on top of the pile. here is an idea. if they are doing well, if you think they can beat the numbers over the long-term, then owned them. if you are betting on tech stocks because they have rock
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of gibraltar balance sheets, you're setting yourself up for disappointment. for over a year, we were worried that the economy was too hot. now something says it might be cooling down? it's ridiculous. i want to speak right now to teach in texas. pete, >> jim. boo yah to you. [indiscernible] >> oh wow wasn't that fantastic? go ahead. >> incredible. my question today is about southern company. their largest subsidiary, georgia power is completing two massive nuclear plant after years of construction, which should be good news. they also have a new ceo. southern company a buy at this time? >> you've got 4% yield but the big problems about that stock
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are now going to be in the past and i think you got a real good idea and again, congratulations to lady tigers. equality is something, isn't it? let's go to tommy in illinois. >> hey, good afternoon and thanks for taking my call. i was waiting on hold and then i was so happy to see -- i'm calling about johnson & johnso , they've been in the house of pain for a while. >> let me tell you something about the house of pain, and one night, it became a whole new address because there is a tentative settlement with the plaintiffs and litigation for roughly $9 billion but that's okay. is going to spread over multiple years and i have to tell you, this is what all the bears said could not happen and what all the bulls were saying is not -- there's like three balls. me, the investing club and --
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that's two, but we like this stuff very much here. susan in california. susan. >> hey, jim. i've got a question. i've got quite a few shares [indiscernible] he said it would not recover for five years. i'm looking to sell it and get into you know, 500 stocks. >> i like this. more than paypal. here is the problem, susan. don't sell all the way down here because if anything, they could probably do better at this point. it is what we call de-risk. that said, i can't -- with apple with buyout pay later, with square in there? there's too much competition. i said i don't need that. today we suddenly got data to show you that the economy might be cooling down and everyone is freaking out. it's ridiculous. tonight we continue our service
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on value versus value trap and take a closer look at the car rental space and see if anything could be intriguing there. work at the market beheaded next? let's go off the charts and find out, and he called in on -- i don't even want to tell you. i want you to watch. you've just got to stay tuned, so stay with kramer. give us a call at 800-743-2622. had had >> money.cnbc.com. ♪ to guide you through a changing world. ♪
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to tell the difference between value and value trap. yesterday we told you there were fires that were value traps will beaten-down automakers represent genuine value if they can break out of the ruts. the rental car companies, hertz and avis are well known brands. these are iconic. they are widely regarded as the best in the industry, but the industry itself is hostage to endless boom and bust cycles. hertz filed for bankruptcy in may of 2020. that inconsistent history is the reason why hertz and avis cell at -- are you ready? -- four and three times earnings estimates. four and three. those are ridiculous, some of the lowest i have ever seen and i don't think they can be justified, at least until you
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look at earnings estimates going forward. hertz is supposed to go for $3.74 last year to $2.26 this year. avis shows a drop from $58 to around $27 using this year's estimates. both starts itself for seven times earnings. remember, though, big investment firms shun companies with down earnings years like the plague even if that down earnings year yields $27. the problem with rent-a-car stocks is that when you look further, multiples grow larger and larger because wall street thinks the earnings are going to go down year after year after year thanks to structural problems with the economy and issues with the border industry. in a way, these two are the exact opposite of growth stocks. their shrinkage stocks. things like microsoft are very expensive near terms earnings
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estimates but much cheaper when you look at the out years. i first discovered in video a long time ago it was trading at 50 times the cummings years earning estimates but when those numbers actually came out, they were much higher than expected and in retrospect, the stock had only been trading not at 50 times earnings, but i just 16 times earnings estimates because the company tracks those estimates. hertz and avis are very cheap on their near-term numbers but they grow better and out years and that's assuming they can make those numbers. for the vast majority of my career i never wasted time with stocks like hertz and avis. there is only so much time in the day. i would rather search for the next nvidia as opposed to something like hertz which often ends up being a lot more expensive and it is not just because i'm worried that an economic downturn will cause vicious price wars although that is happened many times in a recession.
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is the difficult nature of trying to figure out the earnings per share, but the also the value of their fleets. because of supply chain issues our country was not able to build a new car to meet demand. people started buying used cars and nobody had more used cars and hertz and avis. if used cars are going down in price, then you don't have much to hang your hat on with hertz and avis and by the way, that had been the trajectory of late until recently when used cars broke their streak and started heading up again. what if there is a new angle, something so different that maybe the whole exercise of valuing the rental car company on a macro basis is wrong. enter the former cfo and 30 year veteran of goldman sachs. in february of 22, sure took the ceo job at hertz and vowed to turn it into something i never thought it could be, a cyclical stock with growth aspects that cry out for it to trade at a higher price.
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notice i did not say gross stock. i don't want to put that mental and steve yet, that would not be fair but i like the way he is starting out comfortable saying the trans so far this year are looking strong and because of that he is confident in the sustainability of potentials performance, the value of long-term creation and the ability of hertz to deliver sufficient product to customers. he then talked about some very real growth initiatives including ridesharing, electric vehicles as well as the possibility of revitalizing the dollar. i don't want to get short shrift to avis here but that is the point. hertz has been an inconsistent operator for ages, which is why they brought in steve scherr. his greatest strength is evaluating strength in trading. one of his first acts as ceo
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was to harvest some of his fleet back when used cars were in highest demand. scherr only cares about returned assets and potential revenue generation. if a car is worth more as a rental vehicle, he will rent it out, but if it can make more money selling a used car, he will sell it instead. right now, scherr told sarah and carl that his business this morning is going great guns, so it sounds like he is holding, not trading, and i like that because it sounds like a nice look is a snapshot about what the company is doing. he told me today when i asked him if he is a fleet risk manager he said that is what we are, first to recognize the rental car is this is an asset management business. it's about optimizing. it's not about cars anymore. it's not about rail. and he's not just talking about any cars. he has made a commitment to tesla at the same time linking
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with google for ridesharing drivers. again, if it pays more to bundle tesla's and sell them short, scherr will do it because he is a traitor of assets. you have to believe people will still want to travel and it will be cheaper to rent a car than by one, especially with higher interest rates. you also have to believe that used cars will not plummet in value because that will believe hertz is too long an asset that will not hold up and you have to believe corporate accounts will continue to hurt the road and not zoom in as times get tougher and you have to believe we will not have a hard landing because if we get a recession interest rates will be too high for both avis and hertz. bottom line here, it's not the craziest thing to believe hertz can be run better with the smart manager at the helm. that maybe makes the stock worth owning here although of
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now that we have turned the page on the first quarter and earnings season has arrived what happened to the market? we have been on a wild ride ever since the average appeared to bottom six months ago in march was particularly crazy. a series of bank runs not to suffer feet before the market broke down and many financial crisis actually prevented the
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federal reserve from raising interest rates to aggressively and that is what we have been worried about. how do we get in this market we were not sure if the economy is cool or not and the oil prices in the bank crisis and how about a potential recession might be if we even get a recession. you know what we do, particularly when it comes to tuesday's, is it makes sense to take a step back and approach things from a more quantitative direction rather than pound your heads against the wall trying to figure out the quality of stuff and that is why tonight we are going off the charts with carol, a brilliant technician teaching at im academy, stocks and futures academy. you also find her, by the way, at queen of fibs, because she can give us that empirical read on the market and her recent track records. roughly two months ago, gordon
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warned us that s&p 500 would run out of steam by february. what did she see going forward? take a look at the daily chart of the s&p 500. it is always measuring past moves then running them through the prism of fibonacci ratios, a key series of numbers that repeat over and over again in nature. they show up in snail shells and pine cones and for some bizarre reason indeed, the stock market. i don't know why that is the case but i hope this method can help identify important levels for securities are likely to change course. we want predictive. roden does this with both the price on the y axis, and time on the x axis trying to measure most of the scale and the duration of potential moves.
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there was a whole confluence of fibonacci time in cycles right here that came due on the 13th and 14th. at the same time, the market had been plunging straight down into key support levels. when you get that it tells people like brogdon that we could potentially get an upside. we also get a combination on the price seven side running from 3.786 to 3.711. that is perfect fibonacci of it. in the previous decline over the course of february, yes, we dropped 267 points. sometimes these repeat themselves in scale. sure enough, when the s&p bottomed last month it ended up being very similar, 269 points. in response, we cut a healthy value over the past few weeks. so, why bring up the past?
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because brogdon wants you to be able to anticipate this kind of reversal in the future, so i want you to check out the daily chart of the s&p 500. that is more geared to where we are right now. at this point, brogdon thinks the market hasextended to self on the upside, meaning it is a place where we need to start watching for potential pullback, maybe even the one that is starting today. unfortunately this is having a lousy time, too. the s&p has a cluster of fibonacci cycles coming due today and tomorrow. the cycles are approached with a plus or - day perspective meeting the s&p could make a near-term high somewhere from yesterday through thursday. again, maybe it already happened in today's reversal was the first session and near decline. that is what i felt all day. at this point, brogdon wants you to watch this point away from buyback opportunities because even though she is anticipating a near-term reversal, she thinks the overall picture on this chart is actually pretty darn bullish.
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it's trading above its 200th day and its 50 day, moving averages, which is really good news. see where that is? it is above that, plus brogdon also likes to watch both the five day and the 13 day exponential moving averages when the shorter one crosses above the longer one. that is her favorite by signal. right now, that five and 13 combo is currently definitely in buy mode. from our perspective, the longer-term setup is good but short term, brogdon says you might need to brace yourself for pullback possible 12 when that is similar in size to the 269.bruising we got in the first part of march. but, once we get through this pullback the s&p 500 could head toward 4300 long-term and i was talking about this just this morning.
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you know this could be explosive if we got through that level. the one thing that would make her feel less bullish is if the s&p breaks down so hard that it falls through floor supported 3800. it has been a pretty good support and that is definitely 300 points from here. bottom line, charts suggest the s&p is due for a pullback this week and it could be a nasty one but she is betting that any weakness here will prove to be a buying opportunity, not selling. this is not calling for the beginning of something that is really big and bad and we are taking options for the investment club in correlation with something brogdon things could happen with her fibonacci set up. let's go to moe's. >> hey, jimmy chill, how you doing? >> man, i been chilling. i was having my jimmy chill glass with my daughter the other day and i was definitely chill. what's happening? >> fantastic. i want to know what you think about southwest airlines.
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>> i opine on southwest air today -- i got to tell you something, moves, if you don't mind my calling you moves, most come i was upset because i think southwest was best in show but there it is hanging around 31. it does not seem like they have their costs under control. it doesn't seem like they are the outstanding southwest i remember and we've got to get them back on the sean really figure out what is going on, moose, because you're right, it's not working. let's go to xander. >> hi, how are you, jim? >> i am good. how are you? >> i'm good. i want to ask you about netflix. i know last year in june it was about 175 per share and now it has written all the way to 345 per share. you think it is still a buy or which you read it more like a
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hold/sell kind of stock? >> okay, i am a big believer in netflix. i think they are doing a lot of things right. i think they have figured out how to do streaming. they have figured out how to do commercials. the canadian test apparently is going extremely well, so i am a believer in netflix here and i think it is a buy and i have for some time ever since they came out of their funk and we saw that they really know how to do streaming better than anybody. now we are going to go to john in california. >> jimmy, how are you? love the show. >> thanks, johnny. what's shaking? >> listen, i want to ask you about a company that is been on fire. i think they're doing everything right. their stock is gone from 2000 down to 6000 now does back up to 1300 within a year span. ricardo libre. >> hello, no, no. you are wrong. we did a piece talking about the possible winners of this year and we had the airbnb in it and we had the xd and it and it's up 45% since we nailed it
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and you know what? it's not don, but i got to tell you john in california, you got horse sense for even bringing it up. we will return. more mad money and sophia's being beaten down by the rest of the banks. you need my take. you better stick with us. and the teen survey highlighting a host of impressive insights. what you need to know about what teens are doing with their dial. all your calls rapidfire on tonight's edition of rapid round, so stay with jimmy chill cramer.
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ever since the mini banking crisis began a few weeks ago some of them were to the on. some of them should not have been buying because they were too risky anyway. remember, there are other banks in this country beside j.p. morgan. tonight, i have another one not to be confused with jp morgan. it is so-fi technologies. it got its start from student technologies. we have recommended it before here. i
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am sold on the concept. the fact is the stock has been stuck in the mid-single digits since last year and every time it starts rallying, these moves seem to fizzle out. it does not help that they went public through a spec merger. you know how we feel about that here. they are down 40% here. these guys did have the misfortune of coming public in this back in the last year the fed declared war on inflation and then growth stocks like so fi went out of style on the wall street rumbling of the fashion show. what makes me want to recommend it now? i think they could emerge from the current bank shakeup in a better position relative to the competition. at the end of january they delivered great results and came much closer to breaking even on the earnings front.
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if you look at the earnings for interest taxes, they put up a phenomenally better than expected number. at the same time, there earnings forecast was very encouraging which is why their stock jumped 12.5% in response although in true so-fi fashion, at this point it has nearly given back all those gains thanks to the bank panic. as a big student lender, so-fi has been hit hard by the biden administration's moratorium on student loan payments. that is now being challenged in the supreme court though. it is extremely likely the supremes will strike it down, instantly making so-fi more profitable. if you like the story you might want to get in ahead of the potential court ruling. we had three bank runs in a row in the stock market turned against all banks including so fi. however, they are less likely to see the kind of deposit flight shaky regional banks have been experiencing. that is the issue, not credit, but deposit flight.
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i think they're in a great position when it comes to their hold deposit banks. businesses with lots of money are pulling the cash and moving it to say for banks, again, like this j.p. morgan situation because they don't want to get wiped out in the event of a bank crunch given that the fcic only ensures $200,000 but so-fi's customer base looks nothing like that. is there a retail bank. 90% of their deposits are fully insured. younger people can knock out loads of money. about two weeks ago, so-fi announced a checking and savings members can protect their deposits with up to $2 million of fdic insurance by using something they call the so-fi fdic insurance network. this is a partnership they've set out to spread out large deposits to make sure they can get fully and should be on the $250,000 tap. plus, so-fi is entirely digital which allows management to monitor deposits in real time, making them less vulnerable to a bank run.
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but don't take it from me. two weeks ago, the ceo presented at the bank of america electronics payment symposium where he said he expects so-fi to see the same level deposit inflows as it has for the past two quarters which is pretty good. the mini bank crisis is not hurt them at all. we now know unrealized losses can become very real very fast if there is a run, and the bank is forced to sell its bonds at a loss. sound familiar, silicon valley bank? rather than holding them to maturity and getting all of their money back. does so-fi have any problems here? not that i can see. first, their investments are mostly loans, not security.
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more importantly, so-fi uses something called fair value accounting for the loans it underwrites, which means the bank recognizes the change in the value of loans on a quarterly basis and those changes flew right to the income statement. that is very conservative and if that were not enough, so-fi tries to hedge 100% of the interest rate risk on its loans. i wish everybody else had. this is a much better situation than we are seeing and so many of the regional banks. there are other things i like about so-fi, too. for example, on march 10th and march 16th, anthony bought a combined 225,000 shares for roughly $2.2 million. not a huge number. [indiscernible] stepped in and did some buying when the stock got knocked down. the last time he bought his own stock, he purchased 1.6 million shares at four dollars. that worked out pretty well. clearly he has got a lot of conviction or guts or both.
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speaking of conviction, just yesterday, so-fi announced it is buying windham capital management, the in-house buying arm of windham leisure that i just talked about last week. this is intended to be for the mortgage lending operation and it will. we do not know the price yet but i like that so-fi is playing at a time when there absolutely terrified. one more reason i think so-fi could come out of this situation in a very solid position so here is the bottom line. i know so-fi has not worked in the past and i carry it around like a steamer trunk but the fact is the stock is been knocked all the way down to five dollars and change. the fundamental seem strong and maybe getting stronger and you're getting it at a discount here thanks to the mini bank crisis even though it is less vulnerable than the vast majority of smaller and medium sized business banks in our country. i think you have to be patient with this one but long-term, i'm betting get this one and
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nick in new jersey. >> this is nick from new jersey calling about a ghr. >> they had an okay quarter. i'm not going to go against your idea because you've obviously done some research and i think they've been having a good year. that's okay. let's go to kurt in tennessee. >> hey. how are you? >> i'm doing well thank you thank you for asking. >> good. i was calling about ticker symbol sbb g. >> so much on the solar stocks. solar edge okay, son run not so great. let's go to cherry in colorado. >> hello. how are you? >> i'm good, thank you for asking.
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>> thank you for taking my call. you run a fabulous show, i watch it all the time. my question is text arm mobile. >> i see your exxon mobil and i raise you pioneer. i like them a lot better. by the way, there will be an opec cut, so all the more reason. let's go to scott in new jersey. >> hey, jim. [indiscernible] >> i'm not recommending any of these lithium stocks unless they are making money. let's go to dan in florida. >> i enjoy the show. my question is on goldman sach . i have owned it for about five years and it is far off its 2021 peak. should i sell?
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>> no, no, no. i like the stock of goldman sachs here. incredible low price series, not doing any banking. if we are seeing that they make money in this environment, they take the loss, get out of retail, then we are going to like the stock of goldman sachs. >> let's go to darwin. i love this stuff in college. >> calling you regarding [indiscernible] >> i think that there is only one of these companies. java trust owns it. i like boston. i like washington. i like macau. let's go to jared in colorado. jared. >> what's happening, jim. i'm a big fan. i'm looking for ray capital
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corporation, rc. >> this is what is known as a real estate financing small business enterprise loan company to which i said no to every single one since the show began and i have been right. now we are going to go to jim in colorado, jim. >> hey, big colorado springs to yet. >> how much do we love that air force academy show? have us back there. we loved it there. what's going on? >> with the current situation in regional banks, would you be a buyer of ally financial services? >> no need, no need. stick your head in the lions den, it's just not worth it. i need to go to john in florida right now. >> hey, jim. longtime listener, first time caller and club member. thanks for all you do. for the current quarter, this company has a year-over-year earnings in the amount of 22%
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but that falls off in different quarters. they currently have a mean target price of $428. with the market overbought, should i still buy more ahead of earnings? >> mckesson is a charm stock. the whole group is. even cardinal has gotten it together. no fly zone mckesson, none. i would just say it's fine and stay in it. let's go to ethan in massachusetts. >> hey, i'm a college student from westville state university and i wanted to ask your thoughts on denver group holdings. do you think they are a good buy know that they have acquired wwe? >> this is a tough question for me because they are my agent and i don't think it's actually fair for me to opine on it because i have close business
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relationship with the company. i disclosed that. i talked a lot yesterday about the deal they made. i just him uncomfortable talking but a company with which i have a business relationship. that is the end of the lightning round. >> the lightning round is sponsored by td ameritrade. a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠.
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unless [indiscernible] which means you need the teen survey which came out this morning. wall street's research has its blind spots. they tend not to watch progressive. they don't shop much at burlington or dollar tree so they can't make a judgment about the price change but their biggest blind spot, what the next generation likes, genuine young people, which is a huge problem because if you can figure out what the kids want you can make some fabulous long-term investments. in this paper survey i saw some new trends that just shocked me. take for example that teens are once again increasing their use of instagram, of all things. i thought that went out of style. there has been a 300 basis point uptick in instagram use. what does that say about the possibility of an upside
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surprise other than meta-, the parent company, especially considering all the people it has fired or how about the fact that betsy is moving up the teen letter, becoming the sixth most popular site for teens. by the way, steve pop division is now number nine on the shopping list. how about mikey and lulu lemon holding in at the top of the list but decker and hokah brands are doing quite well and you cannot miss the appearance of on holding and is on running show. what a horse that is turned out to be. we respected health beauty for a long time and we own estee lauder. i feel great about both of them. two winners there. survey sends for food, too. when we observed that campbell's old fish is indeed the favorite snack. we just recommended general mills the other day because of its blue buffalo pet food but with that this morning that is nature brand as a teen favorite.
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by the way, 87% ownership of iphones and the watch, which has an unassailable lead. next is rolex but i did not notice how popular apple pay had become, 39% penetration. i still of amazon as well and it dominates the online shopping. netflix still has teen daily video consumption by a wide margin. in reality, your teen years as when your taste start to fossilized. hence why under armour has fallen off the charts as others have come on strong. teens spend more than we think and their collective shopping does indeed move the needle. we
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make sport of wall street research on the show but this survey stands out as something that really opens her eyes and we do think piper center for all the work they do to reduce the truly discerning and market moving product. i like to say there is always a market somewhere. money. i'm jim cramer see you tomorrow "last call" starts now ♪ all right, welcome, everybody, good evening here, good afternoon out west. we have got a jam-packed tuesday show for you and we promise, there is a lot of news having nothing to do with one donald j. trump and we will get to it, but we do have to start there so first up on "last call," a very busy day, shall we say, for the former president that is a live view, donald trump just landed back in florida, that is palm beach international airport. he is expected to head back to
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