tv Mad Money CNBC August 1, 2023 6:00pm-7:00pm EDT
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eamon javers quick final trade here, tim. >> ccj >> karen >> short tlt, just in front of this bond issuance >> dan >> i'm long tlt. it hasn't been great i'm going to add a little bit. >> guy zb zb >> little bit. "mad money" starts now >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica just trying to make you a little money. my job is not to train you, but to educate you august is a tricky month this one could be especially tricky because the market's
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getting too frothy for my taste. now, what does frothy really mean beyond some sort of pejorative connotation involving overenthusiasm s&p backs 77% and nasdaq declined.34% a market that likes. when you get a game stop situation, a bunch of home gamers join forces to push up stocks, things get really frothy very fast. the stock went from $4 to 400 before falling off a cliff
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again. if you want to spot froth, keep an eye on the soaring stocks and figure out if there's anything real behind this boost or if they're phoney before we get too negative, maybe it would pay to do a little investigating maybe not everything is frothy maybe some stocks actually deserve to trade higher. hey, can you imagine maybe many do. i got to, let's do this. which actually have substance. so we can draw conclusions about how dangerous this moment really
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is >> quantumscape, up 66%. this is a battery technology company geared toward electric vehicles given there was no other news, this one feels ridiculous to me. they've been using money for years. and the shorts got busted last month. my verdict, sell, sell, sell danger zone, will robinson okay froth death one. second, roku wait a second. these guys reported dramatic upside because their platform has become indispensable crazy as it sounds, i think this one made sense roku had been written off as irrelevant that was clearly wrong a much better situation than we thought. might be worth buying but i can't recommend it here because the company's losing money hand
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over fist. still, their platform is flourishing with consumer packaged goods ads it's incredible. i'd say here. they had genuine growth this quarter. nothing looks like a bank run. i love the idea. i think the stock is 42% is justified. especially when you remember it's still down huge from its highs. no froth same goes for number four. zion's bank. from salt lake city. i can't tell you how many times i've heard from people because they know i've got shows that this bank was bleeding deposits from the eyeballs. hedge funds bet against it just
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like zion had net inflows. even though the stock was up, i bet it's going to have more room to run no froth number five. tandem diabetics care. very tricky. this company just got updated from what they say is the world's smallest, durable insulin pump they had positive net income only once in the past six years with sales in the last three year years, not so hot. stock was up 42% last month. too frothy right here tandem no thanks. coinbase up 38% great last month federal court rules crypto currency sold to individuals are not securities as part of a long running battle between the sec the ruling gave coinbase permission to keep doing what it's doing, which is merchandising a lot of coins
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yesterday, another federal judge said the same. said the opposite position in differing case so this is far from settled. tough one. coinbase reports on thursday and now i want to wait even as there's a 23% short position, enough to send the stock through the stratosphere if numbers are good jury's out right there. turns out, sofi took out a tremendous amount of deposits. they have 6.2 million members now. we interviewed the ceo when the stock was at 4 bucks when asked if the stock was in trouble, he said no. he was right stock jumped 37% last month. probably not done.
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so far, the banks that are rallied deserve it but key numbers deliver weaker numbers weaker yet in this environment with such negativity toward the already downtrodden regional banks, didn't really matter. both stocks rally respectively might seem frothy but in the case with the 6% yield i think should be bought the stocks never should have gone where they went to. too cheap right here. lyft reports next week after the stock's 33% run last month some on the backs of the shorts i'm going to say frothy. sorry, david i have to say like i see it. david, i have to address that
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because he's one of our viewers. number 11, palantir. this is a real cybersecurity company with real customers that has real money and sales even though its stock jumped 29% in july it's more upside. you can see in the morning on the thing underneath the tv, it looks like it's going up i think palantir is right here medium froth robinhood. number 12. they've rallied not because of its new retirement program but because cathie wood bought a ton of it before switching and being a seller and blowing out of it yesterday. you know what, i think that will take the air out of this giant money losing stock that was being very nice there by saying that and could give up much of the 29% gain from last month froth. number 13. newell totally justified its 28% gain
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right now, it's done uber nonfroth. plus it's profitable i think newell's not frothy and can work its way higher. i can't believe i said that, but i like the management team finally, comerica. it rallied last month and i bet it has more upside given it has innate earnings power and a great name anti froth the bottom line. when you look at the biggest winners in the russell 1000 last month, i'm happy to say the vast majority of these stocks aside from quantumscape and robinhood represent real substance
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not just froth later in the show, we'll document some real froth but these stocks, i think most deserve their july gains but when you go under the hood, it's a lot more grounded than we thought. ian in florida >> hey, jim. big boo-yah from florida >> oh, good to have you. what's going on? >> oh, just living the life. >> that's what i said this morning. last night when i was studying at 11:00, looking at different stocks, this is the life that i have chosen. go ahead >> there you go. investor club member as well >> yes >> i wanted to ask you about netflix. what's your thoughts on netflix? i'm long >> i think netflix has the second tier they're doing with a little sub first of all, i want the netflix guys to come on because i revere them i've got to tell you, i am sick and tired of them not wanting to
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come on because i like them so much i think the stock goes higher. tony in florida. >> hey, jim. >> tony -- >> be a club member for life >> yes, we are doing so well for the club i got an off site i'm running, it's 42 days of club just kidding good to have you what's up? >> also, so friendly, knowledgeable and help us out with everything we need and i want to thank you for that >> thank you >> this company is getting better each quarter and i have a small position and hopefully you'll buy a lot of stuff. what do you think about chewy, if i should add to it? >> it's close to home because you know we lost marley. my wife's got another dog coming this is from an alabama kill center rigatoni i'm telling her we got to get pictures from chewy. i'm a big believer and so is ben
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stoto who has a dog by the name oof reagans and says leave reagans out. i like chewy ed in new york ed >> hey, jim. i was wondering what's going on with jnj in the spinoff? >> so kenvue, it's a really interesting split off where they're going to have a big buyback. the problem is not jnj it's one of my absolute favorites in the world the problem is the bar and their inability to settle to make it so the people most needy can get the money and everybody can move on so one of the great american companies has left the portfolio and it drives me crazy because i think jnj's fan tastic trey in texas. >> in an effort to break my dangerous habit of texting and driving, i bought a motorcycle >> do you wear a helmet? >> i certainly do, jim
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>> then you're cool. go ahead >> i just wanted to let you know i'm currently forming a retirement focused bike club the sons of 401. >> holy cow. how do you like that now, i think the 401 should not put harley -- ira. i would not recommend harley davidson because it's espepisod. unfortunately, harley doesn't have it so i have to say no to that by the way, ed, club member, unbelievable tony, club member. these guys understand that all i do is work for the club. someone's trying to tell me i have to go faster. these stories are reasonable reasonable snapbacks, deserving. it's not really frothy i'm not kidding. it's not all right. "mad money" tonight, what do you have rock steady.
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that stock fell today. then we are continuing shark week where the heck is my shark for heaven sake? we are going to be with fib queen. she's finally coming here to the studio you do not want to miss it because shark week continues on "mad money." don't forget, pinterest, they report after the bell. i'm running the numbers with the company's top graph so stay with cramer
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now this most of the year, it collapsed today, plunging more than 7% widely panned quarter. now this one's tough seemed like it was rallying because of real, tangible secular growth like the push toward reshoring after the supply chain crisis during the pandemic semiconductor build up, automobile batteries when the company reported though, they delivered and missed, disappointing revenues and earnings lowered its full year forecast for new order growth but, and this is a huge but, rockwell raised its full year sales guidance that's a rare miss and raise quarter. the problem, one of the key distribution centers, the company struggled to upgrade its capacity so could this be a buying
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opportunity or just a wobbly quarter? the chairman and ceo of rockwell, welcome back to "mad money. >> thanks, it's good to be here. all right. it's pretty clear if you dig deep, go under the hood, there was something that occurred in the company that was one time only that made it so you did not cut your estimates but actually you raised them. maybe you can explain to people. this could be a big opportunity. >> sure. over the last year, we've been looking at all parts of our operations to look at how we increase the capacity to handle the current and future expected growth so it started with redesigning our products to be more resilient. so that we made sure that we would have the component supply needed it was adding equipment in our factories and that latest move was to add capacity in our u.s. distribution center. and while we factored in some
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time for the move, it lasted a little bit longer than we expected in may. the shipments have since recovered in june and in july but that shifted some of our business, some of our revenue from q3 into our fiscal year quarter four >> so be sure there were no cancellations. no pushouts. nobody saying you know what, we don't need need plants instead, it was just happened to be this changeover >> underlying demand remains strong still guiding to 15% organic growth for the year in terms of shipments and we took steps during the call today to talk about the strong set up for fiscal year '24 in terms of orders continuing at a high level of between 8.5 to $9 billion. plus backlog that's expected to be with us at the end of our
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fiscal year of between 4.5 to $5 billion. >> some of these businesses i think should be aware of are amazing. for instance, semiconductor, up high teens tell us about that you're really at the center of what we know is the big buildout in this country but we can't do it without you >> there's a lot of industries that we look at that are in the middle of or maybe in early innings of generational high levels of investment so plenty of objective evidence that for electric vehicles and for batteries and semiconductor, we're looking whether it's to increase capacity in new technologies or it's to reduce geopolitical risk, that we're going to see investment continue on a multiyear period in these areas and semiconductor is a great example of that as we're providing the facilities management systems the way for transport. motion control
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cybersecurity. assessments and remediation. there's a lot of opportunity there. >> when i look at what's going on around the world and i see we're trying to hard to automate, i keep thinking what taiwan semi told me. america doesn't have enough people to do the things they used to o. they don't have enough people to build things have we just been left behind because of our decision to go service and not industrial >> i think we're waking up to the fact it's so critically important to have that skilled workforce in the plant to utilize the technology the technology means nothing without the workforce, an enabled and engaged workforce who's comfortable with the technology and those two things working together are going to give us the opportunity to compete and win in semiconductor
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and in all these other industries >> who's going to do it? you have to find people. you're competing against companies who do the same thing. we do have to pool of talent to make it so you just pick and choose >> i think we have to widen the aperture and make sure companies recognize it doesn't necessarily require a four-year degree to be able to excel in these technician level jobs. we've talked before on this show about our academy of advanced manufacturing. we take returning service people and in a 12-week, hands on program, equip them with the skills to thrive and to help these companies compete and win. that's just one example. >> the next question i have is that when i met with, i've been telling people please don't bring up ai unless it's for
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real nvidia's telling me they can create a factory that's a factory before it's real and save a lot of time and cut a lot of waste have you seen these digital twin factories? >> yeah. we're just scratching the surface on some of the positive uses of ai in fact, we work with nvidia as we look at their industrial metaverse to be able to combine our simulation tools for factory equipment and to put it in a larger context of an overall factory. we're doing it with solar panel fabrication facilities and in think this is going to be a useful technology to help bring to the left if you will, a commissioning time to get this new capability online faster >> i'm glad we went over, it was not a rare miss, it was a changeover therefore the hiccup so when a stock goes down like this, high quality company, you can buy it.
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the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ to help us interpret the charts tonight, we're going to carolyn, the brilliant technician who runs a training room also teaches her methodology at im.academy you can also find her on twitter at the queen of fibs and this is a fantastic book by her. so you want to know more about the kind of thinking that she
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does a big believer in price cycles runs them through the prism of ratios i'm always surprised how well it works and boy, does it work. tonight, we're going to hear about one of her favorite setups the royal set up just to help you understand how she thinks to you can do a lot of this at home. carolyn, way too long. welcome back to "mad money." >> thank you so much >> you're such a pro i'm going the give you the chart, you go right to work. >> i'm going to talk about the royal setup, but before that, i want to remind everybody at the price clusters, another great set up this is an example in bitcoin, this is a daily chart. this is basically where i had multiple price relationships we had a low to high retracement. another low to high 1618 extension and also a 100% projection of a prior swing
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projected from another high. they were similar because this swing was 59.88. this was 59.50 besides that, we had some timing this high to low was 16 bars down so was this high low. that's what we're looking for. a trigger for you. time and price coming together >> both. >> in this case, we had a price cluster that came in at 18,987 to 18,261. it held, held, triggered and rallied over $11,000 within the next month >> you can see both time and price using our work major home run in bitcoin. next next, okay this is a daily chart of jpmorgan and this is an example of what i call a royal set up. it basically has all the daily
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mo moving averages on the right side for example, it has price above the 200 simple moving average, 50, and i use a 513 ema combo. with the five being above the 13, that is also bullish so basically, when we see that, what we look for is either a symmetrical pullback or price cluster. in this case, we ended up having a couple of levels between 141.08 to 141.39 it hit the zone. it held the zone and again, we'll wait for buy triggers but we saw a nice, healthy rally. >> terrific call now you also saw an example of a royal set up in the price of a company about to report this week this is amazon but it's historical so help us here >> okay. so again, take a look at where we are relative to the moving averages when you hit the actual zone what i saw was a cluster that
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came from a symmetry projection of prior swings. we also had an extension 161.8 extension at a retracement and i think more projection. cluster came in at 124 to 12 125.08 it held, it held >> again, this is not suggesting you should buy amazon ahead of this quarter >> no, no, no. past examples to understand how to look at it in the future. >> why don't we have another daily chart of amazon shows you what you're looking for in terms of buying triggers >> actually in this case what i wanted to show was that there was also timing at the same time that we hit that key price area and one of the things that i look at again, i look at symmetry both symmetry and time so notice a lot of these prior declines were trhree to five trading days so that was included in the timing besides
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three other cycles that came together between the 10th through the 11th and i believe the low was made on the 10th again, nice rally up in that area >> incredible. now to broaden things out. this doesn't apply to just stocks by the way, we have a chart of the spydr. can you explain that to us >> same thing. i love the fact we're above the 200 simple moving average. >> do you start with that? >> you can look at all of the charts that have the averages in the right place and then a pullback and you'll probably have a royal set up. >> they're so similar. and we don't know why. again, we don't know why but they are similar >> they just tend to be. you'll see it on many, many charts >> how often do you want to see, if you only saw three of these, would you want to go there >> if i only see one, it's still
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good as far as i'm concerned it works that way. >> in general, what are the others that are just intriguing now? that you think are, i usually send her an e-mail saying what are you looking at >> actually, some of the markets that are still in the position for royal set ups would be like apple, nvidia. amazon and i think google >> really? >> so there are still quite a few. i just keep on setting up the pullbacks until it doesn't work anymore. z >> i love what you do. we've been together for many, many years and you've been, here's the way i like to put it. far more right than wrong. >> thank you >> thank you so much we're coming back to "mad money. stick with cramer. >> coming up pin for the win? earnings for this social media stock are in see if it's a pretty picture next
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if we learn one thing it's that the digital business is making a huge comeback now pinterest, solid revenue beat and a huge nine-cent beat great quarter. thing's up more than 40% from may. meaning many of the positives, maybe they were baked in i wouldn't be surprised if it's got more room to run thanks to the efforts spurred by activist investors. let's dig deeper with the ceo of
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pinterest. welcome back to "mad money." >> hi, jim thanks for having me >> bill, i've decided if you're going to reach gen-z, which nobody's been able to, the place to do that is pinterest. are they doing any shopping on your site? >> yeah, thanks, jim we're really pleased with our results this quarter coming in better than what we guided on top and bottom line and users. but most noteworthy, it was our best use you are growth quarter in more than two years and we decomposed that, you asked about gen-z. it's our fastest growing cohort and they're engaging more than prior cohorts. particularly to your point on shopping, shopping is working on pinterest. this is one of the big things when i came in a year ago is more than half the users on pinterest are there to shop but actionablety was low as we're bringing that shopable content on to pinterest, we're
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finding it's driving great engagement 50 plus percent improvement. and that accelerated quarter on quarter from 35% last quarter. so we really feel good about the user growth, the deepening engagement and getting more inspiration to actionablety. >> i said something this morning on sq"squawk on the street," do' anyone talk about ai unless it's for real i actually think your recommend days are working and they're resognating with your users and they're taking advantage of them >> we are feeling really great about next gen ai. nearly a year ago, we started going deep for relevancy moving from cpus to gpus and getting to recommended models 100 times larger than what we were using the year before that resulted in a 10% lift in perceived relevancy by users, getting to 94% which in the world of search and
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discovery is just unheard of so we're seeing great progress there on the organic engagement side and now we're bringing that to our ads platform where our ads models are 100 times larger than they were a year ago and that's leading to a fantastic benefit. >> i usually don't like to be, i like to be empirical she's a parsons graduate she's genteel. doesn't want combat. letter x, formerly twitter, is about combat isn't that going to be to your advantage that people want a genteel, kinder place to go? >> well, i'd say there's a couple of things that really make pinterest the first is that most of social media has the user in entertainment mode
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on pinterest, more than half the users are there to shop. they're in a lean forward mode so that's different than much of the rest of social media a second thing you were touching on that has been a big focus for us is that we want pinterest to be a more positive place online and we are investing heavily in making sure that we are doing things that lead to better emotional well-being outcomes for users. we launched recently a can with a digital wellness lab our inspired internet pledge saying we're committed to making sure we're using ai in a way that's going to help users come away with a platform we're seeing really good progress there and it's resognare resognating with users so both those things, the commerciality and positivity really cut in with our users
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i'm looking at your european numbers. got to bring them up it's blowout for you is it possible to do it? >> yeah. it's a great point, jim. we have approximately 80% of our users outside the u.s. but only roughly 20% of our revenue give our take. so we've been undermonetized across the board as we're leaning into that. we've been able to grow our monetizable supply on our platform 30% plus even while driving engagement up. it's really encouraging to lift montization across the board as we look into international markets, those are growing faster than the u.s. markets but we're early on and there's more runway to go >> i was doing a thing for travel looked all around pinterest and then still left your site to buy. when will be so natural that i would never think to do that >> we're making good progress there. one of the things you touched on
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is that we've been really focused on shopping as a vertical over the course of the last year and made fantastic progress there with things like mobile -- to take you straight into the buying experience we've expanded that technology more recently into other categories like travel so we just launched our travel catalog built on our shopping catalog technology and that's helping users not just dream of where they want to travel but actually see things like hotel listings and the ability to go click and book knowing the availability and the pricing of those things right on the platform with a really seamless connection to the travel provider where they're going to satisfy that intent. so the shopping efforts are great in terms of how much more they can do shopping but they also really work for inspiration to action across other verticals and categories on the platform >> one last thing. i need a better recipe than jim's better pickles i need something spicier and less sweet going to give me some good
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pickle recipes >> absolutely. again, we talked about next gen ai and those recommendation models being 100 times larger. it's those kinds of things we can do more of and as we think about where next gen ai goes, ai's only as good as the signal in which it's acting and people curate on pinterest. we got a unique signal about not just what people are looking for but how they're putting together greato outfits or recipes. that's letting us make more powerful recommend days. we have a unique signal to apply. >> i'm counting on you it was a great quarter doing fantastic work so glad of all the things you're doing. bill ready is the ceo of pinterest. "mad money's" back >> coming up, your calls on the thunderous lightning round next
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it is time and then the lightning round is over are you ready? paul in massachusetts. paul speak to me, paul. >> jim i'm in verizon got it in the mid 50s. i feel like i should have got out when buffett got out bought it for the dividend still hanging on to it i think that was a mistake, however, should i throw in
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>> hold on here's the problem, paul the fact is we don't want to buy a stock just first dividend that's not growing verizon to me has lost its way i don't think its management is crisp. i think it's going nowhere steve in missouri. steve. >> boo-yah, jim. thanks for taking my call. >> you're welcome. >> i've been watching you since 2015 and i thank you very much for helping me retire. >> that's the game that's the game. that and the club. i love it. let's go to work together. >> i bought 9,000 shares of pack west back in march at the low and i'm doing pretty good. you were right -- take them over should i sell off? >> congratulations, my friend, you are a visionary. steve from missouri, he showed us richard in new york. richard!
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what's up? >> good. thank you for taking my call i'm a fan of all that you do us investors are blessed to receive your guidance and advice and i thank you kindly made it to retire. >> i just feel great i was miserable a few moments ago. now i feel fantastic king what's up? stock? maybe? that's it. all right. hey, never look a gift horse in the mouth. dolan in rhode island. >> hi, jim i'm dolan's mom. he has a question. here he is >> with their hydrogen engine that their partners in toyota, should i invest in the stock or leave it alone >> which stock is that paclar it's fabulous. it's a great american company. i'm going to give them a two for
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was he's a younger fella and commons. how about jamie in michigan. jamie. >> hey, jim. how you doing? appreciate all your advice and your knowledge, as always. >> well, okay. >> my question today is about a stock that tends to be more seasonal but with everyone remodeling instead of moving more, seems to be the trend. i was wondering your thoughts on u-haul >> means i got to rely on the tremendous larry williams. very inexpensive stock i like everything you said about it and i'll add to it the fact it is going higher even though it's up 30% for the year we're going to steve in new york st steve. >> how's it going there, mr. cramer >> pretty good it's a dry august so far what's up? >> yeah.
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i've been holding bp for a couple of years. with everything that's gone on with earnings this morning, would you continue to hold it? >> i thought the earnings -- i do not buy stocks beyond i read my books to yawn. i don't buy stocks to yawn i don't think there's anything there that's exciting to me. lori in massachusetts. lori >> hi, jim thank you for taking my call a company that develops and manufacturers custom security screening and weapons detection systems. right now, they're in sofi stadium on the west coast, on the east coast, in between -- consists of healthcare, casinos, amusement parks. they're everywhere and appear to be breaking out. they're approaching one billion and i want to know what your thoughts are on evolved technology >> i was doing the work for ldos
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and i prefer it to yours i thought they had a great quarter but you've got a good one, too, but it's my favorite that, ladies and gentlemen, conclusion of the lightning round! >> coming up, it seals freshness. can it help seal your financial future cramer takes on tupperware, next 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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if you've been going through the notices and growing concern doubts, you might find there's something good to say about tupperware, the kitchen container. i don't know if you've been watching the stock which has moved from 61 cents to $5 in less than two weeks. this has become the latest meme stock in a long line that includes bed bath and beyond, game stock and amc i want you to understand that tupperware no longer has anything to do with the company. stock is worthless but you could say the same thing about the -- you have in your hand. you says you shouldn't by a lottery ticket that you shouldn't by a stock that represents the future of earnings or lack thereof tupperware only has 44 million shares outstanding there's the tell we call these controlled situations here wbecause the
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stock's controlled by the memesters. too much debt, too many misfilings, too many financial weaknesses and too much mismanagement. in the old days, this company would have been delisted by now instead gets a notice and it's still allowed to trade here's where it gets interesting. we know it's profitable but owes a lot of money they might not meet those obligations. before the memesters, that was a death sentence they see a low dollar stock. they decide to run it and gun it and see if it sticks if they can push the stock high enough, the company, if in good standing with regulators, can issue more shares to raise much needed cash. then instead of a vicious cycle down where it becomes a footnote, it becomes a virtual circle upward where they can create new shares and sell them to raise capital like amc and
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game stop did. i used to have the ceo on about eight years ago when the company was very well run. since then, it's had real bad management tupperware status is going to get its financials ready this month. if they can do that and the memesters stay in pump mode and management does a secondary offering, dump mode, this company should be able to live to play again. is it an amc which hangs on and pays it debt or game stop or bed bath and beyond which only bought itself more time before going under. my bet is simple if they get the filings in time, if they sell enough stock to pay down enough debt to be in compliance then call rick ownings, 77 years young, to take over again, they could save this thing. there. that's your megamillions lottery ticket the odds don't favor it. the odds favor bankruptcy. if anybody's listening, i just gave you a game plan to save
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what was an amazing, empowering company that gave millions of women a tremendous livelihood and financial security would be a shame to see it all fall apart would be great if the memesters could keep it alive. always a bull market somewhere i'll try and find it just for you. i'm jim cramer. good tuesday. breaking news. two stories that investors will need to consider tomorrow. first, the long-term yes credit rating has been downgraded from aaa to aa. investors are reacting to the news. futures are lower, but well off the low. and former president trump has been criminally charged in connection with his efforts to overturn the 2020 elec
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