tv Mad Money CNBC July 17, 2023 6:00pm-7:00pm EDT
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>> you and karen go home often together. now you should stop at the blockbuster on the west side and rent heat. don't patronize me. i'm just saying, greatov mie. >> always great to my mission is simple, to make you money. i am here to level the playing field for all investors. there's always a bull market somewhere, i promise to help you find it. fast money starts now. looking to mad money. trying to make you little money, my job is -- -- call me when in hundred 743 or tweet me @ jimmy kramer. the first, one concentrated risk is a zero. that is why am looking at the
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simple. would was on diversified. that gave her tremendous out notes for 2020, which means underperformance in 2021. which is worse? she very visibly gave up on the stock of the video, when it was trading $34 per share. if you're sticking with it for years she finally decided the valuation was too high, she came internetworking contraste , she says check the box ai company. now just under 465, she says check the box ai company. now just under $465. he checked the aa box company, it was the ai company. yet she sold the latest and greatest. to me that compound is a risk of strategy, the element about the copy that she actually owns. does not just her worldview. that is the danger of under
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running and on diversified portfolio. you have to be right every time or else your investors get obliterated. in reality nobody -- the method over the long term, they should not pass themselves. -- the ability -- relying to follow as closely as i thought and uses like coin based, zoom video communications, roku and block fail her in the last years , even in 2023 i will give her that. now it stands to reason, money managers have to recognize that the money companies would see the stocks show off with inflation, no, only tesla -- into this period, the projection rose and fell, from i've hundred and 88 a tie to 72 and change today. the end is when to peek -- had he not recognize -- being commoditized by the likes of
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microsoft and google among others. i regard that is not great work. not saying you would've lost your touch, i'm saying the whole concentrated inventing style is self-contained, you cannot win like that, you are in and out, sooner or later it will blow up in your face. now, let's talk about the -- on the other hand, the opposite of --, diversification is in the core of the company commits at the core of the show, you know it is going to be simpatico to what i'm talking about. i had the opportunity to interview him on friday, his understanding of the nature of investing i find is unparalleled. he is not a technician, he is a strategist, a broad thinker who attempts to guide me through all sorts of situations. -- last friday was loaded with wisdom. listen to this one picks diversification and strong performance we can help clients better maxed out long
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cane liability, achieve operational objectives and streamline the process. his biggest group of investors come over -- the institutional players. actually -- he is using judgment that shows you how money management should be done. i find it learning -- is a great tutorial. for 42 years is a great tutorial. -- competing fiscal and monetary policies with -- shaping returns right now and over the long term. this is a fragmented geopolitical landscape that can rewire, a transition of a lower compartment of economy and the aging population, all of which are likely to be inflationary overtime. what goes around, he acknowledges that while some indicators that show indications -- flowing, the trillions of dollars president biden cut for -- it will be
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inflation, no matter what. we know that it takes longer than we thought, and you know what? these two are very impressionable. they know how to manage the risk environment. as clients are quote focused on outcomes in the manifest in a portfolio of active index, private market and cash picking up, that is called a strategy, strategy to keep you in the best overtime, not a tactic either, headed out of the park or strikeout. now i'm using these two different methods to inside one thing. human nature draws for what is hot. it is a fact of life. -- make it the hottest ever, the reason why people are bailing out in record numbers, even at the flagship -- is that they learned the lesson, a sophisticated manager would require somebody to be the bedrock of your assets. now that is fine too avoid the
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mix, so to speak, as long as you recognize that she is a true goner committee people, on the other hand offer you a menu that will leave you overtime to the safest possible outcome with the least amount of risk. now -- which is right and what is wrong? but if you want to be able to have the best shot of your assets longer-term, you need a diversified strategy in the longer-term, one that keeps you from being blown out from those who are not in the innovation fund . it is a tough lesson, i teach people that they should have most of their money managed in a diversified way, like larry describes, but also owning to stuff that you like, -- to help you find stocks that can outperform the average mutual fund. many of you have come to me because he want to manage your money your self, that is precisely what we want. but, the bottom line, what we
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don't want is your nest egg to be caught a few stocks that might be very wrong for the moment. you don't want to give up on this entire want -- now, that is my biggest fear, black mosques diversified stock is the antidote to that fear. irwin in new jersey . >> hey, jim how are you? it's been a good, how are you? >> is very warm down here . >> a todd, it was 90 this afternoon. what's going on? to make you know, a few months ago we were talking about --'s restricted to do some research, and i went and clicked on industrial, then i went to building products, and i came upon a couple about six months ago, five or six months ago, called builders first choice, and that is also -- it is a
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double for me, which is unusual, really. i wanted to know your opinion . >> well, the team at builders choice floor and the core are they the next home depot? and it slows. and i've been working and all that happens, they keep going up and i'm waiting for the moment. all i can say is congratulations , you hit it out of the park. i sat down on the sidelines trying to figure out and you make the money. well done. doug in texas? jim, i'm an old geezer, i'm 77 and i'm still buying stocks -- >> well, thank you picks five years ago i thought -- thinking it was a good company. they seemed to have their auxin addition don't know how to get it out. so, are they a hole or do i teach them as a company that will go bye-bye? >> this is one of the hardest things. look, they have --, absolutely. but the problem with alliance, they are the ultimate brick and
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mortar in an era where amazon has them crushed and that is just crushing their performance . oh, my take is -- than what i would say is look, if you want the best shot at long-term wealth generation, i think you have to stay diversified so you're ready for whatever the market throws your way, that is the essence of the show. tonight, when we have the smartest audience in televisio , and you call and ask me about fir, i did not know it, shame on me. and i'm doing my homework -- spotted a winner in the infrastructure group. when everybody has been focused on the magnificent seven, there's another co-owner stock that has been quietly rallying. i will reveal what it is and how you can be part of the action. one of my favorite parts of the show is hearing directly from you, so -- investing club
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members that we did not get to the other day when we had our club meeting. we want to hear which one is on your mind. so, say who asked kramer? you don't miss a second at mad money. have a question? tweet him #matt read, sent him an email to mad money @ cnbc.com or give us a call at one 807 43 cnbc. miss something? head to mad money. cnbc.com.
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smartest viewers across all cable television, it's proven time and time again, especially when they call with off the beaten path thoughts. it happened not once but twice during last thursday, i really was not familiar with -- but sure wish that i had been, they have been big winners of late, as all the federal infrastructure authorized in 2021 finally starts to kick in, i got it drill down. we will do the other one later in the week at that time. -- asked about a company called and why are. -- after -- at cars over the weekend, i'm sorry, maybe much more outside. -- explain why we are so excited about this one. it's a good website, if you don't understand the broader things we do more than that on the show, and it is a $2.4 billion holding company that consists of 13 different specialist contractors focused on construction. it handles the construction of
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transmission and distribution lines for fleet to latisse -- that represent about 58% of the revenue in 2022. they also came from the commercial and industrial business and commercial and industrial building, as well as traffic and rail systems. oh, these are areas that are just begging for help. now, it is not really a company -- it is a company structuring the rollup, dating back to the mid-90s, when three of those contracts emerged. might be interested to hear that they date back to 1891, one of the specialty contractors was founded by louis edward myers. he recently worked with thomas edison as a salesman. i like that bloodline. the group is publicly traded from 1992 to 2000 and got
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acquired and open to the company in 2008. for more than a decade they hire overtime, very slowly over the past three years, the group caught fire. the stock is up more than 341% over that period. why? because and why are has had fantastic earnings, a little bit of a dippy or. what an opportunity. i want to assume that they were related to investors and the spending packages. that is certainly a factor. there is 65 billion in the bipartisan infrastructure bill for building thousands of miles of new lines, then there's another 34 volodymyr zelensky -- myr group stand a good chance of winning those contracts. they are the experts in this business. but that is not the whole story. this stockport hires the lineup -- to way that the 2021 --
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after that group was stuck in a pretty narrow trading range, it was not until earlier this year that the starks started booming again. why? because even without the packets, myr was benefiting from powerful -- like the degradation of our power -- you know it used to be -- it has gotten old, they keep building up big when the and solar farms and remote locations which means they need wiring to take that power that is needed, that is the specialty, even if you're talking about solar panels and factories you need wire to get the electricity from the panels, they do that too. at the same time these guys have made a fortune from the data center. the warehouse is full of servers . they even talk about how healthcare facilities -- it makes sense even as modern hospitals are increasingly digitized, these companies that
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nobody really knows about. -- it was sales -- three months later they did it again, they know they are -- but they are not promotional -- management explains that they have benefited the morgue enormously from renewable energy infrastructure, but talk about the impact from the federal spending program, myr group had a lot to say in response, he says without the infrastructure spending coming it comes in much earlier than usual. you know they need to plan far in advance if they want to have all of the necessary labor. that gives the company -- they make people work for them, but you know this is going to be the hardest thing to find more
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labor, these guys i think can pull it off. i don't think we will have a problem with that. the federal spending has helped them, but mainly -- existing companies to go bigger, myr group -- doing it. is has come without the flood of federal dollars. -- later this year as i keep telling you these orders for the club, i always talk about it , they have not even seen the orders yet. that is all 2024 in the last quarter of this year. that is why, despite the big mir group, i think the stock can continue to work. the success has come mostly from teams other than the federal investing center and the electric grid, they are expected to earn not a lot of cover, but they say it is going to earn $5.70 $5.70 per share this year, but given the context of that it looks reasonable to me. at hundred $46 and change, the stock trade and just -- numbers
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which looks good to me, considering that there's greater had -- it does not factor. so, even about this, the only thing i don't like here is that i did not discover this story earlier, i could've helped you more. luckily our viewers help us out and put myr group on the radar. given the stocks rally today driven by catalysts separate from government spending, i don't think you totally missed the move. i would not expect myr to rally another 300% over the next three years, but it has more upside as the infrastructure spending finally -- i say congratulations, george for bringing this to our attention. coming up, is it time to move past the magnificent seven? when it comes to your next high- tech investment, kramer is looking to the clouds. don't miss his forecast. next.
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i was told my small business wouldn't qualify for an erc tax refund. you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. [coughs] good to go. yeah, i think i'll get a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion.
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-- everybody wants to talk about how the magnificent seven have been pushing this higher. you know, there's a whole other cohort -- at work here, working like crazy. i am talking about the one who knows enterprise software, ever since the market bottom months ago, the enterprise software stocks are growing back. you don't hear about them as often, they are not consumer -- they are enterprise -- weekly rate interact with the stuff at work. -- love the enterprise software space. is a passing place to find the real growth stocks. -- salesforce right? what a stockert and for years -- for years, this was the perfect strategy.
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in 2021 the -- ipo, ready for the federal reserve started raising the interest rate and inflation, -- and style, one of the most despised -- of 2022. even has some consumer protection like adobe or if you just use them at the office like microsoft. but just as they got in 2021, the got two -- here. now, the higher-quality ones -- the comeback kid you never hear about, because everybody something fixated on the magnificent seven, nobody cares about these guys. you don't even know these guys, they are beloved by the towns of wall street, i don't want you to feel that we had mad money are reporting this even though they are hard to understand . it it is our job to break them down so you do understand. all week i want to highlight some of the most impressive recoveries in the enterprise software space. i think the moves are well deserved. -- original cost cuts and probable growth -- much more attractive -- than a year or
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two ago. but, there are so many of these, we really need to drill down. here is what we do a little methodology. start with 67 stocks, the wisdom tree cloud -- which i consider the best of the group. the bottom -- last november, now it is down 49% from the quote. -- 67 top, the average game -- 74% okay, we missed it. no, i don't think that we have in libya, but we found that some of the biggest rebounds were with smaller companies, they were the ones that tell you they don't know well enough or don't have enough competenc . so, what we do is we screen out everything -- 5 billion, a writer what i -- inflation, but the only ones with a good -- that is why there's 39 stocks, we think we are looking at the 16 best performers, now we are starting with the top four comeback kids, the first is
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mondo, dog boy, shop if i, you probably know that one, monday.com, then one called hub spot. all of these have more than doubled. the biggest comeback -- although the stock is down more than 30% for the late 2021 hig , if you've never heard of them except the network, that makes sense . it is a database software company. it includes a best in class cloudy database platform called atlas, the rising generative ai -- makes sense or score data, which is why this stock has caught fire this year. i would say that this is the a i move that a lot of people did not understand, but has no percolated all the way. is the icing on the cake, the real story is that they are we starting turning last year, but now -- along track this year. even better than his first
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positive cash flow number this year, -- the possibility cash flow generation, two that are now paying off big, that is what folks should focus on. even i know that it is tough to get behind the nearly $29 billion valuation, but money managers -- to be the next clocking . it they are right, the valuation is much easier to justify. -- kind of a broken record. now next up is shop at five. you probably do know this one, 190% -- still down 61% bakeshop if i is a little bit more typical, it is an e-commerce enabler, the platform powers many big websites. the company has turned over. now, this one is not really an enterprise software. but, it still deserves consideration because it is so darn good -- it is rallied 100%
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this year alone. now, here is one that i have not thought about enough called monday.com, to make the productivity software from 2021. now, -- monday.com has got something going for it. is one reason why it's over 150% since last september -- shop if i, monday.com pivoted the profitability. they are on track to have the first -- in 2023, even better were supposed to be at 700% even though it is a very low number, monday.com is the only one that has the role of 40, when you the revenue quote to free cash flow margin and that the sum is about quarter, the company passes. somewhat obtrusive but i'm giving you everything i've got. the best software company is one that i have not focused on a not called hub spot, 120% up, but down more than 30% from 2021.
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they make customer relationship management. and yes, it is like a junior sales clerk. they've been doing this for years. while these guys have been turning a profit since 2017, they have accelerated dramatically, and 38% in 2021, 50% in 2022 -- 74% this year, cash in the right direction. -- the recent rally has come as the company's revenue post and is decelerating. -- including a 32% increase in 2022. this year the revenue is expected to fall to around 20%. the stock is still soaring. why? because right now wall street cares only about profitable growth. and hub spot is giving wall street the profitable growth. as it goes away from the magnificent seven, they offer stocks that have become the hottest and most individuals
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may not even know, and that's why expending all -- because you need to know the company still works here. even the industrial retailers -- not the larger ones, though, they are stuttering. they're not just making big money, i expect them to get more excited about the growth and the ipo market thaws and we get some new offerings that would likely be underpriced in order to get people back into the stock market. here is the bottom line. despite -- the enterprise software -- last fall. i'm not sure they are all from 20 -- but the best companies have proven to be much more profitable than we thought. i think the stocks went -- i think this will be a lot more endurable than you might expect, the highest quality cloud places are nothing like they were in 2021. they are keepers being kept by the fund managers for hikers, as long as it has a profit, as he was he when we do all of these rollouts this week . i
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think you will like them all. let's go. john? >> hey, hyper pressure kramer. i have got a question about a play i've been looking at for some time. it is our el x, they are dashing a parent to lexis-nexi , the big data in ai, they maintain databases like the comprehensive loss and underwriting exchange were services all the insurance world for losses. what is your opinion on them? >> i remember this company when it was owned by west publishin . i remember it used to be owned by a paper company. i believe, i'm not sure, but i know this, the british company, i have not done the work and i'm not going to tell you i know it very well, because i don't do the homework for you. anthony in north carolina, anthony?
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>> yes, good afternoon. >> what's up? >> so, i wanted to ask you a question about so five. follow cnbc pretty closely, long time listener. sophia seems to be in a spot where they are just about $.30 or so away from potentially being a profitable company, and of course we have the student loan deal that is in kind of limbo, but they seem to have a reasonable, stable port folio, -- is a contributor . >> let me put it this way, we looked them straight in the eye in santa barbara, we talked about the change quickly asked the ceo if this company is really in trouble? what is really going on? he said there's nothing going on other than were doing
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incredibly well. and i have to tell you something, he was dead right, the stock is at nine that i have, all the paypal's are going up, and by the way, robin has gone up, there is reasonable that so if i could go up another 25 or 30% before i would be concerned. the magnificent seven might be a little bit of fanfare but there are other profitable tech agencies such as the enterprising software tech -- might still be out of reach, like the don't bet against these companies. now, we have much more mad ahead, the monthly meeting for some -- investment, we have so many good questions sent in by members we decided to answer some of them tonight on this show. -- so, why am i not panicking like the market did? i will give you my take. -- tonight the lightning round. so, today with kramer.
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there last week we had the infesting group monthly meeting when jeff marx and i go to the thought process for the club, we discussed -- and most importantly -- profession. it's one of my favorite things to do. we always have more time -- but that is okay, that is why we thought we would take the left of the ones i can give you a taste of what the monthly meetings look like. if you are not a part of the club and wanted to be, and i hope you will be a part of it can open the camera or go right here on your phone, scan the qr code behind me, to become a member. i wanted to be a member. by the way, you can always go to cnbc.com/investing club.
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now, here is what it is like. first up we have bourbon in california who asks can you please touch on the ball take epic at one time you were enthusiastic about paypal as i was, one of my larger holdings and added to the press as it went down. my investment is down 70%, should i bite the bullet and sell? >> this is an interesting question, just now paypal is starting to rally, it's moving up again today. what you need to know is the competition got to a point where the companies lowest margins got slashed and slashed again: growth into question. that said, it clearly bottoms, and what you need to know is that i see just a little bit of a rally that is done. why did nike? the answer was we saw a chance to get out at a higher price. but, i will say that the rally has been real, and i expect it to be able to make a little bit of money here. just to sell it yet, okay? let's go to mitch in connecticut who asks -- to vehicles and charging stations,
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can you consider your energy stock at this time for the foreseeable future? -- ap is not really -- at all. as a matter of fact, the only one that i would think about, maybe next year, -- but frankly it is not the way you play. frankly, they just don't have enough exposure, -- we from the club but emerson hoping to play that role, but one thing you might want to do in an ancillary way in ev is eating, it is 205 -- there it's where it was this morning . it is very high. that that, even would be the company that i feel the most comfortable with when you are trying to pickup nothing like that. not the utility. next up we have richard who asks thank you for all the great work in the club, why are the airlines and cruise lines still way under the pre- pandemic prices and is now a good time to invest? >> thank you, they are balancing, we talk about the,
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stop, the balance sheet got very bad during the era that was cobit. and they are working their way out of it. i think delta is very good, we've been recommending that stock next up we have david who asks do you always seek 10 to 12 in cash? or is it part of a defensive strategy? >> it is part of a defensive strategy, the market makes a great deal and as it goes up we want to be ready for when it comes down. because it always does rain . it has been very strong, we own a lot of stocks and -- but we have trimmed because we don't want to be greedy and have the cash ready if the markets decline, now let's go to sky who asks due to apple's lineup, it's now almost 19% of the portfolio, to retain a well balanced portfolio what should be the maximum percent of any stock in my portfolio. we say on apple, don't trade it, that's been our mantra forever. on the other hand we do discipline, discipline always trumps conviction, which means that you should shave some of
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the apple that you own . it is a very tough thing for me to recommend that given my view that you own it, don't trade it, but you have discipline. and the main discipline i have learned for 30 years as, actually about 35, oh my god, discipline trumps conviction, you do not have enough this -- to apple. peter wants to know how do you see the oil market performing in 2024? i don't really like the oil market right now. i think one of the reasons i do -- marsha has -- the ukraine were that sent oil all over the world and has kept the price lower and we did not help, we wanted it all the way done which is why we depleted the reserve. russia is the key and russia will not let oil with, it needs the money too badly, we all just a couple of oil companies, and by the way we just trimmed halliburton for the very reason i just mentioned. next up we have walton florida
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who says -- fortune is rated 121. i have not heard you talk about j bone in a long time, what is your industry? >> don't really like it, but this is the best in the business, and you are right, i have not mentioned it. why not? because i always fear this would be the quarter, it's been inconsistent in my lifetime, but not in the last few years. i need to reopen the books to see if there is not more to it, they are the contract manufacturer for almost every major company i know, the company. so, let's go to casey who asks what he think about the iranian market? i think cam coe is a cold stock, i think the uranium market suffers from that at the most impossible to build a nuclear power plant, i know there are people who say it is -- about to reopen, people will be very upset, i'm not going there. i'm willing to pass on what i regard as speculative and excess. yes, okay. i missed 20% in the last two
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months, but that's okay, you cannot have them all. now, we have a question from lori who asks what would you do if you owned moderna and roku? we try to be patient, but neither stock shows any hope of recovery. if we were to sell we would lose this part, we don't care about warrior stock, i think roku has some upside potential, but moderna has just terrific science, and i would actually buy some moderna, i know that is out of fashion i know -- reese typically a cobit, let's be realistic -- incredibly different technology. i want to bank with it. i think that -- the technology he has is very strong and i would be surprised if he does not come up with something even better looking for his personalized cancer vaccine. what price do you consider good
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entry point? if we don't know any of these shares. so, that's a huge decline from friday from the peak. and i said okay -- this is your chance. now, still done a lot from what it was on friday. i am not a believer to just say it's time to buy. however, i would tell you all, my. wow. okay, how about you buy some now , then you weigh it down 10% and pick up a little bit more, leave some room for another 10% below that, this stock has had a major move, may be the greatest move in my lifetime. that money is back in a moment. there are some things that go better... together. burger and fries... soup and salad. thank you! like your workplace benefits and retirement savings.
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lightning room sponsored by td ameritrade. it is time, time for the lightning round. and then the lightning round is over, are you ready? let's go for the lightning round, let's start with brian. >> thank you for taking my call . >> no problem. i just want to say that my son and i record your show every night, we watch it together, we get great info from you and have lively discussions about our strategies. that's what this show is about, think you so much. what's up? this morning i bailed out of citicorp, which was stagnating for way too long. should i take my cash and go to j.p. morgan? >> i still like j.p. morgan, here it is valued well giving that it was a colossus, that was an amazing quarter to jimmy diamond a company picks richard in california, go ahead
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richard smith by agents all- time -- for the vast numbers of mri -- the company already has record-breaking volume. -- stated rolling out a game changer ai genesis platform. the company's largest -- keeping appointments et cetera. i doubt -- 3000 employees, making this an amish task easy -- goldman sachs recently recorded 7 1/2 million. >> which stock is this? >> this is rad netflix but no, we are all prime positive as a diagnostic company, they are too intense for ge healthcare. -- it is much more connected with biogen -- when it comes to out commerce and dementia. allen in florida. >> jimmy, a big we are to you .
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know what's going on? i need that chill. what's going on? >> listen, everywhere i looked there's a nuclear -- going on worldwide, china 20 new reactors, japan turning on their reactors, becoming a fire train instead of a seller. -- in california got an extension. palisades in michigan need to reopen. -- to invest in the north american -- uranian energy corp . >> i believe, that is much as you tell a positive story about nuclear power, it's still not coming back the way you would like. i actually prefer natural gas to and met -- 50% natural gas, a dollar cost, i like that business. joshua in new jersey, joshua? >> yes, hi jim. i've been reading your book recently . >> i have to rewrite it, i have a new one.
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what's happening? >> i was just wondering unpowered global management, i cannot figure out if it is the income from the fees . >> that's the problem, the reason why i don't recommend is i don't know how it makes the money, i don't know. i cannot opine views, something i don't know about myself. i'm just want to take a pass. ladies and gentlemen, that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back.
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you don't cut prices -- what? you raise them? what the story changes? what if the market is getting competitive and the competitors are nicking your heels? then you cutprice to where you can still sell the merchandise without -- perspective buyers. there is the unemotional weight of the ford f-150 lightning price cut today, as much as 70% for certain models. current orders will be re- invoice. everyone is freaking out about this. which is why the stock sold nearly 6% today. i don't blame anyone for being emotional about that. we know there is a wait list for those who want electric pickup trucks. i spent a lot of time with ford ceo not that long ago, he was -- about production to meet
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demand. the tesla's out there was a truck, -- more electric tux than ford, who -- that really is? well, we on the stock -- played with an open hand, obviously i did not want to see this happen. i know it is big-money for for , the profit center for the enterprise. that is it, i don't know how you get to cut prices like 40 jested to make it up in volume. the good news is the prices of different models are well above where they were, in the custody make each truck is not below what they started out, that is okay. the bad news is that i don't know if the company can still make its earnings estimate, which is now considered to be -- by wall street. no, it does not health if -- came out in the same weekend after watching -- the cyber truck. i believe there are two different markets, one more as a small business owner, -- sub optimal. what is really going on here? i think electric people should
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--, some people -- missed the old-fashioned gas guzzlers, and even -- others say that may now comparison shop, automakers have to price electric vehicles like internal combustion engines, even if there may be a waitlist, why not wait to see how much your new civil rado will cost or take a look -- and of course the cyber truck, unless your costs come down him and that is what is happening with ford, it won't be a problem. but if an auto company does not make electric vehicles, the company will eventually be doomed, we know that. disappointed in the price cuts? yes. now, i do have an f-150 wagon, i thought it was the coolest thing i've ever driven, i never thought it was a commodity to be part of a price war. even as you still sell prices higher than you planned, who knows if this is going to be to a crosscutting spiral. one thing we do know after today is that -- may be off the
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electric vehicle road, all the vehicles have to happen eventually. just happened a little bit earlier than i expect. i like to say there's always one more consumer, this is just for yo i'm jim cramer. see you tomorrow "last call" starts now ♪ tonight on "last call" -- hollywood in turmoil two strikes shutting down tinseltown new projections from spacex that are just out and they may blow your mind. the strange but true coincidence that is apple and at&t telecom giant fall further into turmoil. taxes down the combo that's sending the deficit higher again and it is make it mondays. you're going to meet an entrepreneur who went from broke to a million dollar bakery that and much more over the hour so as always, belly up or buckle up because "last call" i
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