tv Mad Money CNBC October 24, 2023 6:00pm-7:00pm EDT
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>> suze orman doesn't like it. dan? >> consumer staples. that coke number was interesting and the expectations were low. consumer staples, xlp looks interesting. >> thank you for watching "fast money." see you back here tomorrow at 5:00. "mad money" with jim cramer starts right 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. you want to make friend, just trying to make some money. my job is to entertain and teach so call me. sometimes, there's this major schism between what stocks are really worth and what their stocks are selling for.
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we had a good session today. s&p climbing, nasdaq jumping .93%. you own a stock and it's reporting good numbers this morning, you were justly rewarded. has it been like that? we've just gone through the longest losing streak of the year. five straight days of finishing in the red but lots of companies reported good numbers during that period and now they're shareholders are under water. this market's plagued by selling based on the big picture and it can create terrific opportunities in individual companies that slip through the cracks. if you can think out a little longer term than this afternoon or next month. on the surface, it seems easy. going into tonight's close, we had terrific numbers from microsoft and alphabet.
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except alphabet reported a slightly weaker line and microsoft, a much stronger cloud number and they diverge in dramatic fashion. consider what the shareholder must suffer when the facts laid out when a company reports then let's overlay the bigger picture. these two trade on expectations but if interest rates shoot up perhaps because of the price of oil, unaccounted for strength in the economy, not something we want to see now, good or bad, those stocks are going to be had lower. i want to demonstrate this. let me demonstrate how difficult this moment really is by analyzing the positive action in key non-tech names that have already reported and we have their scorecard already. i want to talk about coca-cola, 3m, rtx, general electric and verizon. coca-cola shares gained 3% today because the company delivered decent growth with better profit margins courtesy of price
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increases. 3m stock jumped 5% after it beat estimates. and gave you a very positive outlook. rtx told you longer term growth story and stability story. both in aero and defense. not to mention a $10 million buyback. the stock of ge, look at this. 6% after trouncing the expectations and guiding up huge. while the soon to be spun off power division is doing much better. best of all, verizon. yeah. slow growth verizon. it shot up 9% because it mustered up the price. with decent growth at home, broadband and good business numbers. are all these companies doing really well? i could argue yes but only really just against negative expectations. yes, low expectations. it was the difference between these low expectations and the new reality we got in today's
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reports that's what drove these price increases. reality versus what we thought would happen. coca-cola stock for example was down 15% for the year coming into today. that's a lot certain pricing wouldn't hold up. 3m stock was down 28%. off 100 points from its highs two years ago. almost all coming from horrendous litigation risks. what a pollution who used their 30-year plan. some said yes. now, it seems like that risk is finally baked in. pretty much rts was at $97. last time, it was at $73 bought by a charge it took for air cramped manufacture issues. lost a fortune and took a huge reputational hit when they had to replace those engines. still nowhere near its highs. this is the outlier of ge. we know their aerospace division was doing great. we didn't know their power
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business was doing well. that's wind turbines. wow. surprising strong on and offshore although offshore still has a lot of work to do. verizon has been stumbling for aging losing share to t-mobile. for all we knew, the company seemed on track to cut its norm dividend at an 8% yield. always a red flag. turns out, those worries weren't justified. long story short, while it might look easy to pick these household names, coca-cola, rtx, these were difficult to get because the stocks were so hated going in. except for ge. if this were the nfl, i'd say that every one of these stocks except for ge looked like heavy underdogs. but now back to the schism. what companies are truly worth versus where their stocks are trading. think about all the things that had to go right to get to the point where we considered these
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household name stocks to be worth buying on their own. with the exception of ge, these stocks have been exceptional performers. owning them has been a nightmare. you looked like a dope if you recommended them a couple of months ago. these five reported on a rate when interest rates went down. that's been a rarity the last few months. if they reported the same numbers last week when rates were soaring, these stocks might have been pulverized. like everything else. the good numbers would have been irrelevant. got lucky. rates were quiet today. bonds doing nothing. oil went down a couple of percent. if oil had rallied, rates would have gone up and most stocks would have been gone down. third, these stocks could roar because the market's heavily oversold as measured by the s&p oscillator. we tell you to pay close attention to in this cnbc investing club. it came down too far too fast.
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the market is so oversold, still is, this gives you an opportunity to buy but only if rates stay tame. especially if they go lower. not the stock. it's not verizon. it's not fwge. it's the ten-year treasury that's calling shots. that's what makes this market is tricky. you've got to run a tough moment to capture these points. i would argue it's better to wait until the averages are down again before you buy given the nature of this market. i bet there will be another opportunity. i don't think it's worth the risk when the numbers are only counting the futures aren't dragging you down. you could hit on microsoft or miss on google and it might not even matter if rates soar. as long as this market's hostage to oil and treasury, as long as there seems to be only a minor respite from higher rates, as long as we have to worry about the fed tightening again, as long as the treasury department
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keeps its schedule, i think these reboupnds are merely trads and nothing more. once we get to a point where rates are steady evenen at a higher rate, 6% on a 30-year and we have firm underneath the s&p 500, the linkage won't be so pronounced. only then will it make more sense to be aggressive with individual stocks. you can buy them small but not aggressively. bottom line, for now, your best bet is to wait for the next move up in interest rates which will trigger the next selloff in stocks and that's when you buy. or say i missed the moment but the rate linkage might give me another chance. don't get frustrated your stocks didn't pay off for five straight days. if you're able to think longer term, things can work out with companies doing well. but you have to be willing to stay the course. if you can't, consider 5% treasuries until it's more san begin out there. as long as i dislike the
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short-term credit, long-term invesing can be more rewarding no matter what day you do the buy. tom in florida. tom. >> hey, hi, jim. first time caller. and investment club member. >> oh, thank you, tom. >> i have a question about devin energy. den. i'm wondering if devon acquires another company like marathon, for example, how would the me me merger affect the stock price? >> right now is a tough time to own devon. company has not done well. i think it's so much better to go and buy a solid company like ctra, which is doing so well yet isn't anywhere near its intrinsic value and i like the idea of not having to worry about the next quarter. jay in oklahoma. jay. >> boo-yah, jim. hey, thanks for taking my call
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and helping me make lots of money. my question is apple. apple is doing not much lately and i was just curious what your thoughts were on it with the tensions between the u.s. and china. >> look, i've seen in the time since i've been recommending apple, i've seen everything when it comes to china, u.s. with the phones. with problems literally everything and all i can tell you is that i say own apple, don't trade it. does that mean this quarter it's going to be terrific, i don't know. i think apple's terrific. that's what matters. for now, your best bet is to wait for the next uptick in rates because that will trigger a selloff no matter how good they are. tonight, the price of gold has soared over the past month so could investors be sitting on a gold mine and have no idea? i'm saying barrett gold could be the gold mine for your
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portfolio. in tough moments like this, i'm going to the technicals to get a non emotional view of where this market could be headed. and ron shake is out with a new book with how he crafted the fast, casual space. i'm learning more about the big takeaways of his storied career with the man himself so stay with cramer.
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i always tell you to have gold exposure. which we have a ton of right now. which is why the price of gold has rose nearly 9%. that makes the gold miners safe. i think it's been the best run player in the industry although the industry has been tough at times in recent years, but now gold is heading in a new direction. they announced sales this month but rising prices could change the whole narrative. let's take a closer look at the president and ceo of barrett gold. welcome back to "mad money." >> i haven't seen you for a lot while. >> i'd say it's too long. looks like the gold the finally breaking. before we talk about barrick, give us your impressions of
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what's finally happening in the gold market. >> you know, jim, i think the gold price has done well in the last while because the highest interest rates. but the higher gold price is really to your point pointing to a broader risk in the global economy and of course, added to to that as we've seen recently, the geopolitical risk. >> let's talk about your company. obviously, you've got some of the best mines in the world but you've decided to get in quickly to what i'd say very large into something we know as a by-product from the last time we saw you, which is copper. if we really want to own a stock that is a way as a hedge insurance against world turmoil, are we diminishing that because of your copper stance? >> no because of the copper growth we got one is organic. we're not buying it.
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two, it's very low cost. so a big mine in lahaina expanding the one we've got to about 240,000 tons of copper a year. then the mine project in pakistan comes when it's fully developed, 400,000 tons of copper and 500,000 ounces of gold. so as you and i discussed when we merged with ram gold, remember, when we get into copper, we want to go big and pref bly, which always comes with some gold. >> i feel like that your stock's been kept back a little bit like many companies that are kind of industrial. you're an industrial company. like wolkofs. everything costs more than they used to. when do you think those costs can plateau which would make it so you'd be one for one with gold and not exceed the price of gold in your performance? >> you know, the gold equities
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have outperformed for a while. i liken it back to 2012, '13, '14,' 15 after the big boom in 2011 with the commodity process and people have just bought gold. you know, i think we've been working on fixing barrick and now we fixed it and we're ready, have a solid foundation of quality assets. we've delivered significant value to our shareholders. and you know, we're working hard now to get the value of our stock up because it's definitely undervalued. it's always good to work from the bottom up and not sort of look over the cliff of an over valued stock. a good investment. >> i totally agree. now, we had the privilege of having the ceo of costco on recently. they now sell gold at their
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stores and they can't keep it up. the demand is too great. is it not counterintuitive to buy the gold bar when you can buy the company that makes the most, finds the most gold and has an incredibly low cost and you get that for well under the cost of gold you're buying otte t at the store? >> the problem is a lot of gold companies have stopped exploring and they're growing through acquisition. now, that's not a good way to create value in the gold industry as you and i have spoken over the last decade. as you know, i'm very big on organic growth. we've certainly been able to replace all the answers we've mined since the merger. and start growing so now we point you to a significant 30% growth on a gold equivalent basis out to about 2028. >> that to me is the statement
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you have correctly delivered over the long-term. look at your shirt. and it says nevada gold mine. so we've been thinking that the lowest cost, best mines in the world are not necessarily in pakistan but they might be in nevada. >> yeah, that's the biggest gold mining complex in the world. i'm here now with the team. we're doing our quarterly reviews. it's been a fantastic voyage in nevada. and i'll tell you what, this is not a mature mining destination. there's still lots more to find. let's give you an example. since we did the merger with the new mine assets, we've produced over 30 million ounces. we've replaced them and we've distributed $8 billion to the two shareholders. so really created value and we are the economy of northern nevada. >> is there ever a chance you could go back to the '80s and early '90s? i used to tell people just go buy the south african gold.
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they keep raising the dividend. if your stock continues to be this low, will we start seeing a bigger distribution so we'll start buying barrick if you were here at 4, 5, 6% if it doesn't start going up? >> we have and you know, we had a run of buying our stock back last year. the stock cost got very low and we'll continue to do that. but again, going back to our previous conversations, if you've focused on building a value creating business like i was in rand gold, eventually, you make more money than you need to invest in your future and barrick is definitely getting to that point. and then you'll see the growth in the returns to shareholders. >> it is nearly fyive years sine the new barrick. reflections on what's happened? there have been some missteps. you just haven't been able to make as much money as i was hoping. >> well, it's been, it was, we
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did some big deals right off the bat. the nevada deal was a hostile so we didn't do due diligence. we had to just trust the assets that we were going to buy. and we've had to do a lot of fixing. the bottom line is the quality of all the assets that we put together is a high quality set of gold deposits and so now we're starting to see and we had a webinar the other day pointing to the delta between what we believe the value of our businesses and what the market's giv giving us. that's our focus is to tell everyone. there's the big delta. you should buy the stock and we'll work on unlocking that value. i've been a huge believer and i think this stock is crazy under valued. president and ceo of barrick gold.
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another and we've got a huge earnings slate this weekend to the next. in moments like this, i always recommend taking a step back and consulting. why? that's one of the best ways to check your emotions. it's tough not to get emotional when markets are volatile. sometimes you need to take all that qualitative stuff equation and go for more quantitative. tonight, we're going off the charts with a brilliant technician. the first woman on the active trader desk at fidelity and now she's the director of product and education at options play and a final literacy program aimed at women. on chart week, we were warned august would be horrific. thank you. it was. a month and a half before that, she warned the nasdaq might be peaking. it was. she loved the tech heavy nasdaq earlier this year then told us
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things were about to get ugly. amazing calls. i want you the listen. what does she see now? let's take a look at the weekly chart of the s&p 500 equal weight index where every stock represents an equal share of the index. why is that important? well, the regular s&p 500 is market cap which means a dozen megacap companies have outsized influence. that's where the equal weight version comes in. it gives you a clearer road on the other 490 odd stocks. now at the end of july, she predicted that horrific august action, since then we've gotten, we just kept going lower. during this period, the s&p 500 equal weight has pulled back to its 200-week average. right now, the s&p equal weight is facing a moment of truth. she predicts another hideous leg down as more investors capitulate. on the other hand, if the s&p
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equal weight can happen, she thinks that might find a floor of support that stocks can rebound off of. tricky moment. again, just as i alluded to when the show opened. when you look at the moving ar averaging turned downward, wait a second. the 200. look at this. still going higher. remember, that's the floor. right around 55. 5,540. if the s&p equal weight can hold at that level, she believes it can be smooth sailing to the next ceiling of resistance. okay. those are the key levels to watch. most importantly, the floor of support because if support doesn't hold, all right, charts again, one more thing that's has you back against the wall here. at the end of the day, this market is still hostage to treasury yields and tech earnings. the s&p equal weight could be making a stand here. let's see if it can hold on the
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rest of the week. next up, how about the weekly chart of the s&p. we're not doing equal. now the regular s&p. here, you can see a similar picture. after all, every member of the magnificent seven has been bumping up against the floor of support. they have more impact. she says it has a floor of support around 4,195. okay. which comes from the january 31st high. meanwhile, there's a ceiling of resistance at 4,325 right there. that's the august 15th high. she sees it that the s&p needs to hold above these levels or risk a steeper sell off. g again, the problem i said at the top. we've got to check our emotions. what about the tech heavy nasdaq 100? here, we have another index sitting right above its floor of support. that floor is 14,384.
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that level coincides with the gap formed on april 4th of last year. if we can hold above the floor, she says the next resistance might not be until 15,265. that would be a huge gain. but if the floor collapses, the next key support doesn't come until 13,720. you get the picture. why does it matter where these averages hold above their support level? there's so much going against us in this market and the charts are difficult. a lot of money managers take their cue from the technicals. if you know the important levels they're watching, you can predict the next moves. the charts suggest this week could be potentially a major turning point for the s&p 500 or the nasdaq 100. either the lows hold and we get a meaningful rebound or today's positive action turns out to be a temporary reprieve on the way to lower prices, oh, man. watch these key support levels because if she's right, it could
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very much jive with what i'm talking about when i started the show. don in florida. >> thanks for taking my call. big fan of your show. >> thank you for being a club member. have we been working so hard on the club and jeff has done such a terrific job. how can i help you? >> this stock has been in a free fall since posting horrible first and second quarters. reporting this thursday but now boasting a 4.2% yield, historically reasonable pe and a new contract, at what level would you be a buyer of ups, jim? >> well, let me throw you a loopeloop here. if i like ups, i have to like fedex. fedex is in a renaissance. i'd rather see you in that because i think they have a better holiday plan and they're still taking out such a huge number of costs that they have better stead than ups. christopher in oklahoma please.
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christopher. >> i'm excited, jim. if you were a college football coach, you would be brent venables. >> wow. go right ahead. college coaching. there's a guy in alabama that's pretty good there. go ahead. >> high energy and you're cut from a different cloth. >> true. >> i've got uber some calls right after earnings. 43. i'm in the money now but i'm curious as to what you think. >> i'd hate to have a gun to my head on a november 7th earnings report. i do like uber. rather than say i think the calls are going to make money. what's my direction? i think it's higher, not lower, and i think he's a fantastic manager and you know, i don't know. i love college coaching, i was going to say penn state because jeff is penn state. the charts as interpreted by
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jessica suggest there's going to be a major turning point. i agree. i gave you those key support levels. much more ahead. ron shake, the man behind panera bread has a new role. we're going to find out about that and learning more and more about the deal and what he sees in the casual space in a great book. the book is know what matters. earlier, i had a chance to speak to greg hayes. as two land wars unfold in ukraine and middle east, i'm sharing what he wants to make of this pivotal moment and rapid fire. stay with cramer.
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doing the show for the past 18 odd years, we can learn so much from the best executives on earth. the saddest thing though is that they retire. maybe they pass the torch to a younger ceo. maybe they sell the company then we may never hear from them again. that's why i was so excited to see that ron shake, the former founder and ceo of panera bread was writing a new book. one of the top experts in the restaurant space. best performing stocks. the whole time he was running it and he's also involved in the industry as an investor. you know we like right down the block. so shake's new book came out today. i got an advanced copy so we can talk about it. ron, i'm so thrilled. >> good to see you. i'm not retired yet. >> that's true.
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you're more active in investing than ever but you did sell panera. we'll get into that in a second, but first, i want to tell people there's tons of business books that are written and i never have anybody on other than danny meyer, but the way. and i don't because they were platitudes. they don't need much. and they have no salt. this is the opposite. ron, i got to tell you. i felt for you throughout. it was gut wrenching. and if it weren't for the fact i know you personally, i would have said you were one of the most miserable people in the world while you were running panera. >> anyone who tells you there's no pain isn't dealing with the process of the reality. the business owns you. and you need to to go into it with this kind of understanding and commitment. when we had billions of dollars of investor money, 125,000 employees and communities all over the country depending on
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us, you better bet i felt that on my shoulders. >> what bothered me, you followed the journey from the beginning. >> a new jersey guy. >> indeed. i used to go to harvard square. but i know you as a person who took everything personally because you wanted to do a great job for shareholders. people who work at panera and customers. and yet throughout this incredible journey, had two companies come in and say they were bossing you around. they were financial guys. you had ceos who quit on you. there were things that happened in this journey to someone who's a bad guy. you're a good guy. >> it's the nature of the game. a transformation is what companies need. where he live in a pervasively short-term capital market. when i went public 32 years ago, the average shareholder held for four months. today, it's four week.
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you've got those worried about the next inflection point. long-term transformation. if you're going to execute long-term transformation, you better have the personal staying power, the support of your leading investors. i had t row, calfry behind me and every time i had an activist who wanted to short-term it, who stuffed the stock and leave me holding the karkus, every time that happened, i had people who stepped up and supported me. >> my oldest holding, it comes in and gives you a hug. he's a long-term investor. they didn't know you from a subway. >> absolutely. >> that's just wrong. >> talk about shamrock who came after us. >> oil tool company. >> yeah. >> took me aside and said look, ron, we now own 8% of your company. what we want you to do is take one of our guys and make him
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your vp of strategy. i went out to see stanley gold. we had dinner and i remember he said to me, you know, for a ceo, you're not a bad guy. i looked at him, for an activist, you're not so bad either. >> how about another guy who came to you and talked about you making sandwiches for them and you selling his coffee. sounded like he wanted to buy you. yes, i'm talking about howard shults. everything looks great then frankly, i felt like that was one of the great disappointments. that he really led you on into thinking he wanted to buy you then boom, nothing. >> i actually think they did. i think what the problem was and this is the story of starbucks. our stock took off. simultaneously, he told me he was stepping down. kevin johnson was coming in and i think it was very difficult for them to consider that at this point. here's the reality of business.
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we as ceos think we can control things. we can control some of what happens but so much of what happens in business and life is beyond our personal control. >> one reason i love this book because you tell the truth. you use termed, it was disappointing. a gut punch. stock went like this. >> of course. >> almost every day, something happened. panera 2.0. i remember when you told me it's going the turn. there's three stores. i remember when you told me your son went to a panera and it was like a mosh pit. >> it's all there in this book. what i want is less stories and more lessons i can share with entrepreneurs, other ceos, people running large institutions. there's a better way to do business. tell the truth. figure out what matters when get it done. the other thing i wanted to speak to that's different is i wanted to speak to the humanity of this process. what it's like as a person going through it.
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so other people can relate to that. >> i hope people read it before they start a business or take in somebody's money or have a publicly traded stock because you know what, i need people to know it's so much harder than they think and the success that looks so easy when you were doing it, including by the way, the best loyalty program, the best expansion program. measured expansion of which i don't usually see. these were bipry-products and ie another one. kava. >> it's got the potential to be an industry dominant company. this is one of the real ones. many companies go public shouldn't. this one should. >> why? >> because it's in a niche. a category that's powerful. mediterranean. very simply could be the next mexican. it's got bold flavors. it's got the number one diet in america. in addition -- >> cravable wellness. >> it's healthy but it gets to the food itself.
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the flavors are what people are seeking. you put those two together and you have the potential. the trick to kava is it's not about what is promising for tomorrow. it's about what is producing today then replicating and rolling it out. they have that potential. >> and they have you. >> they have our ceo. hopefully i'm there to give them some perspective and experience. >> the reason i focused on the story, listen, people say, oh, god, another lessons book. the lessons are seamless with the stories which are exciting and also heartfelt as you always have been. >> thank you, jim. give me a hug. thank you. >> okay, ron. i've known him for years. the founder and ceo of panera bread, the author of the new book and thank you for the nice words in the book itself. >> thank you, jim. mad money's back in a minute.
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>> coming up, cramer takes your calls a calls and the sky is the limit. it's a fast fire lightning round, next. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. - [soldier] take a look at this! it's possible. - they've left us a gift. - [soldier] i think we misjudged them.
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- i love horses. (birds chirping) - [soldier] we should open the gate. - let's see what charlotte thinks. - [narrator] at crowdstrike, we monitor trillions of cyber events to detect threats and prevent breaches before they happen to keep your business from becoming history. we stop cyberattacks. we stop breaches. we stop a lot of bad things from happening. crowdstrike. protection that powers you. when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's yours free, just for calling the number on your screen. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free, and there's no obligation. you see, medicare covers only about 80% of your part b medical
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expenses. the rest is up to you. that's why so many people purchase medicare supplement insurance plans like those offered by humana. they're designed to help you save money, and pay some of the costs medicare doesn't. depending on the medicare supplement plan you select, you could have no deductibles or copayments for doctor visits, hospital stays, emergency care, and more. you can keep the doctors you have now, ones you know and trust, with no referrals needed. plus, you can get medical care anywhere in the country, even when you're traveling! with humana, you get a competitive monthly premium, and personalized service, from a healthcare partner working to make healthcare simpler and easier for you. you can choose from a wide range of standardized plans. each one is designed to work seamlessly with medicare and help save you money! so how do you find the plan that's right for you? one that fits your needs and your budget? call humana now at the number on your screen for this free guide. it's just
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one of the ways that humana is making healthcare simpler. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free, and there's no obligation. you know medicare won't cover all your medical costs. so, call now and see why a medicare supplement plan from a company like humana just might be the answer. it's time for the lightning round. and then lightning round is over. are you ready? start with charles in florida. charles. >> boo-yah from the waiting room. >> it's a little negative.
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i'm sorry? >> mr. cramer, thank you and bless you for helping a lot of us old people resurrect our retirement funds. >> okay, thank you. thank you. very good. how can i help? >> my question. >> which one? >> moderna. >> okay, look. i think it sells real good. i'm a real believer but they've got to come out with these cancer vaccines because people think it was a one trick pony. i had the shot today. and get your flu shot. get them today. in the building, jogeorge, love it. bob in florida. bob. >> boo-yah from southwest florida. how you doing? >> well. it's a nice part. i lived in southwest florida. what's happening? >> not much. not much. quick question. especially with this new weight loss and new eli lilly drug, i was at this establishment recently.
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what do you think of planet fit in th fitness? >> i have a huge believer before. until they have a new ceo, i'm a l lime time guy. martin in florida. martin. martin? i think i hear cramer. what have you got, martin? >> oh, hi, jim. i would like to know about mgm grand in las vegas. what do you think? >> i think it's okay. the stock's down a lot. we own wynn for the charitable trust and jeff marks knows it better than anyone and i think that is the better one to own. let's dgo to robert in michigan. robert. >> yes, how are you doing? >> well. how are you? >> my question is is at&t a good stock to buy. >> it's not my favorite. i have been negative on verizon. that conference call today was
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very good so i've got to be more positive on that. but i remain a stalwart for t mobile. let's go to jay in new york. jay. >> hey, professor. i'd like to know your opinion on drs. should i buy more? i have some shares. >> i own it. the answer's yes and i don't like to usually be that -- without being paid. qualitative. it's in the right sector. it's going higher. stadwell in washington. >> boo, boo, boo-yah, jim. >> how you doing? >> i'm all right, man. i got to say man i've seen a lot of talking about you, you but you're my brother from another mother. >> i like that. that's a very strong analysis. >> just to get by, i need your
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spectacles. bitcoin's going through the roof. we got something from marathon digital. is it worth pulling the trigger on? >> they've got this etf coming out. i'd rather just own bitcoin. that's the conclusion of the lightning round. >> i awatch your program every day. thank you for being the greatest in the world. we consider you the money market maker and we thank for all you do. >> i love your show. >> we think it's the most entertaining show on tv.
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on the street" and said our country isn't ready to supply two land wars. of course, our government spends a great deal on defense. that's undeniable but the pentagon spent 20 odd years fighting the war on terror. they seemed to forget the possibility of potential warfare. you can tell because we're empties our arsenals to help our allies. take a listen at what he told me this morning. >> it's actually pretty simple. if you think about the last 20 years, dod and the american government has been focused on fighting terrorism. the thought of fighting a ground war in europe was far from anybody's mind. the thought of fighting war in the pacific was always way into the future and again, as those threats have evolved, we haven't evolved as quickly as we needed to in terms of our procurement policy with dod. again, we just needed to focus on what does the war fighter
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need? what do we need to deter these rogue actors? what do we need to do to make sure we can deter them and not have to prosecute a war. >> the u.s. is now frantically trying to rebuild its military stores. the need for more factories, workers and materials succeeded our ability to supply them. i'm not worried about the military industrial complex. i'm worried an ukraine running out of missiles. the mad in "mad money" doesn't stand for mutual assured deterrence. this is a show about stocks, not defense policy. but if you take hayes at his word, it's likely the big five defense contractors can and will pivot if the pentagon asked them to. recommending them in the face of so many civilian casualties --
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but our country's paltry land making capacity makes us a weaker democracy and sooner or later, the white house or congress will change how our defense budget is spent. i think the best might be l3. this company has the foresight to buy aerojet not that long ago turning into itself into a maker of rocket makers. javelin stingers, rocket launchers. these are allies are fighting real wars and real wars burn through this stuff like it's nothing. in a perfect world, we could go biblical, cloud shares, no nation to lift up sword against another nation. i don't know a soul who disagrees but man, after we got out of iraq then afghanistan, it feels like our leaders convinced themselves we have a world peace situation on our hands.
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our world's gotten more chaotic and the government can't do anything about it if we run out of munitions. the replenishment needs to happen right here as soon as possible. i like to say there's always a bull market somewhere and i promise to find it for you on right now on a special edition of "last call",a tale of two tech titans, microsoft moving up, alphabet moving down, and for the same reason. meta in the crosshairs, an historic lawsuit claiming it is targeting kids with addictive features. meta whistleblower frances hogan is here. turning up the chaos to 11. n another gop nominee for house speaker dropping out. detroit's big three, a top union leader will join us. and
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