tv Mad Money CNBC November 27, 2023 6:00pm-7:00pm EST
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>> oh. dan? >> yeah, given the data and the pricing dynamics in those glp-1s, maybe long lilly, shor novo. >> i'm going to go a little silver for you, paas, sara. >> all right, thank you. thank you guys for having me. >> thanks for being here. >> always fun. "mad money" 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. other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to explain what's going on in the market. call me at 1-800-743-cnbc. or tweet me @jim cramer. many stocks ended up being too
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low versus the numbers they were reporting. even as the market took a breather today, s&p declining, we're overbought, and we can expect profit taking. there's been a lot of money made very soon. a breather's warranted. big runs like the one over the last four weeks. something has changed beyond sentiment. you can always have too much. that's not what's happening here, people. we're dealing with a market that was too punished versus the actual fundamentals, and it's worth examining how that happens. i think it holds the key to the next phase. i don't want to minimize the fact that interest rates look like they peaked in late october. and the fed is tightening. we're doing a week long series of what works if rates have truly peaked. and it's true, let's say it becomes suspect, but if you take
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interest rates out of it, you simply cannot have such a powerful move as we've just had without something changing in the real world with individual companies' prospects, not just in the animal spirits of the market. let's go over the things that matter and the things that change for the better. why don't we start with exhibit a, the $1.1 trillion company that is nvidia. worked for 20 years to develop graphics cards that could be used to generate thoughts, to actually think for you. for a couple of years, even as it amazed those who saw it, the technology went big, and a year ago, we found out about chatgpt from open ai, a chance to work with sam altman from opening up for years. he was ready. he had a supply of chips. he had the ability to make more endlessly, and he could sell them for big prices. last year we thought nvidia would earn $4 per share in 2023. instead, thanks to the power of
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ai, and the demand for all of those chips, do you know they're going to earn maybe $12 per share? while stocks didn't go up because people are willing to pay more for the same earnings, that's what we call multiple expansion. we prefer when they go up because the earnings turn out to be much better than expected. nvidia is experiencing both kinds of rallies, mostly it's about the huge numbers. why should we care. we don't want to pay more and more for the same earnings. they get more expensive and they get risky. we want stocks to turn out to be reasonably priced. that kind of rally is sustainable, and even after nvidia stock advanced 230% this year, the best performer in the s&p 500 is the stock to own, not to trade. when you consider how much nvidia could make, it's cheap on both current earnings and future estimates. it was -- he points out trading
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is 20 times next year's earnings. that's below the magnificent 7. cheaper than microsoft, cheaper than apple. gone bonkers for actual earnings, thanks to ai. same goes for microsoft with the copilot platform, a product you pay for separately, being viewed as indispensable for sources i talk to. adobe is making a profit with it, may not be included in current earnings efforts. many others might follow with actual raised earnings from ai. again, i'm just trying to drive home the point that at this moment last year, last year, we had no idea that this thing could be happening, none. this tangible thing that would lead to earnings. we love microsoft. and those gains could be a loser because love disappears quickly. multiple expansion equals love. paying for higher earnings
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equals rigor, we have rigorous projections for ai, of course, not all tech smooth on ai. we had a glut of pcs. as so many people bought new computers for the home offices during the pandemic. we're now almost through the glut, which has led to steady rallies in the stocks afof amd, it's a huge upcycle and when it works, it works big. right now, it seems as though the semiconductor rallies are driven by multiple expansion. when we see numbers for pc related companies, i think it's going to be an nvidia situation, the stocks turn out to be cheaper in retrospect because the earnings for the companies i mentioned, i think they're about to soar. then there's another group of stocks that has been hurt unnecessarily, but are now free to bounce back. not long ago, there was a fever from novo nordisk.
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managers dump every beverage stock, massive adoption by the new drugs. something that could happen over time, but not anytime soon. they knocked down the whole food and beverage cohort. i think they have created bargains. the snack food maker, i think we realized these new drugs immediately turn the world upside down. the food company stocks have gotten cheap, the beverages are cheap. even the alcohol too cheap, even after the recently bounce, which was made, of course, by the fear of the gop ones, not the bond markets. we own eli lilly for the travel trust. we tell club members, though we don't expect the demise of the processed food industry, we think eli lilly's drug for diabetes will be among the best selling drugs of all time. get this, if i am wrong, lily's stock is way way too high. sometimes what you have to do is you need to make a bold move, not a gamble, but a bold move,
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if you're trying to make big money. we are making a bold move by sticking with eli lilly. what else? wall street figured higher mortgage rates would annihilate the housing stock. they too experienced a gigantic dip when the fed continued the relentless rate hikes. hig higher rates didn't do much to damage profitability because we have a housing shortage in the country. they can't put them up fast enough. the homeowners didn't need to cut prices like we thought they would, and the stocks ended up being cheap. housing punches above its weight. man, it would play a big reverberation raw. there are whole cohorts we aren't sure about, and these are going to be what we have to count on for the next leg. okay. earnings for banks, underwritings, mergers not so much. health care stocks can't get out of the way or will they look back and say, they were cheap.
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makes sense. retail stocks, incredibly weak. again, perhaps that's just amazon doing the grim reaper thing. if earnings don't grow, the stocks won't go higher. i bet amazon will have higher earnings, and you should stick with it. it can keep delivering. do you think we can go higher from here? i think we have reached our limits from paying more on the set of earnings. same with the food and beverage stocks and housing. those are big chunks for the market. they got us here. if we're going further, another group will turn out to be too cheap, autos, travel and entertainment, a better earnings story out there we do not know yet bottom line. the market needs new heroes to go higher, at least one, ideally more, otherwise we're going to lapse into the multiple expa expansion thing. did it does mean the rally from here would be a lot less sustainable, and yes, a lot more dangerous. let's go to alden in oklahoma. >> hi, jim, thanks for taking my
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call. >> of course, how can i help? >> caller: i had a great experience at best buy in tulsa recently when i bought a new cell phone. and accessories i added and they were just phenomenal with me. i left the store not only elated with the right cell phone. i had bought a $49.99 extra plan that would enable flexibility on returning the phone. turns out, i got all of these perks, and they're marketing the store, the people. i was just blown away by it. >> you should be. when i saw the earnings last week, i actually liked them, and i think the world of kocorey berry, it's an inexpensive stock, and yields 5%, and you should be a bye bye bye of that great one. austin in pennsylvania, austin. >> caller: booyah, chill man. >> what's happening? >> caller: i'm a proud costco
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number. i just got gas for $2.87 a gallon, so i'm pretty pleased. i have been holding the stock for a while, the company is entering the all time high of 600. is costco as strong for 600 as jake elliot's leg? th >> that's a miracle leg you're talking about. i don't know, i think costco, 64 yard field goal in the rain, that's what i like. the market needs some new heroes to go higher. otherwise we're going to lapse into pure multiple expansion and that could be unsustainable. so as the company that spent much of last year in the dog house ready for higher, if you think that interest rates have peaked, where should you be looking in this market? i've got the answers, and microsoft security business has 15,000 partners, backing its $20 billion operation from within. i'm learning what's behind the juggernaut's division. so stay with cramer.
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competitors. and since then, the stock has vaulted 9%. can you keep climbing, the cofounder and ceo of wyix, welcome back to "mad money." go? >> when i contracted with you years ago from my restaurant which i have now had to sell, i was amazed with how much you could do for me. i think about ai, you are integrated to the point where i think i would be a much better business person. i want you to fill us in on what it was like eight years ago versus now if i used wix? >> well, i think, first of all, you had to create your web site to sell. large adi, which allowed ai to lay out and design the web sites for you. we actually interview you and enabling the ai to create a web site that fits what you need, create the content for you, the content for you, image editing,
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something you have to hire a professional is something we're adding into the products, and that is something that you can do automatically, and there's a long optimization, for example, how to be found on book. thi google. this is another thing we launched based on ai. for us, the challenge is always the friction between how much effort you need to place on a web site to be great to other small businesses actually afford to put in ai's a great enabler to reduce the friction and create results. >> i think that people have to understand that if i hire wix now, i can drive conversion much better than the so-called old wix, i'm going to call it. different things that you're able to show me as a small business owner that will get people to commit to coming to my place or spending money at my site. and now, what makes it so can you actually prove how much better conversion is with your new tools?
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>> well, we always measured that. i don't know that this is specifically from eight years ago, but it's by many many many tens of percents. and we can see if you know, just the ability to be found on google, always dramatically improved because we are allowed to create more rich content. that's a hundred book of likes, and a dozen improvements. so probably 60% better or more. >> wow. now, wix studio, i mean, you're talking about all the partners are crazy about this. we didn't even know what the studio was. fill us in on what that was? >> it's recently launched. we have always known there's using ways to use web sites for their customers. we never address them in this specific way. we always use the same product, what small business es did, anda few years ago, addressed them differently.
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instead of a few hours with a web site, they spent every hour of the day inside of wix. built a product for them, wix studio. it's professionals. it's very easy to use, but is full of capabilities, that you wouldn't want a small business to be exposed to. all of those things are now available, great to use, the product has been launched a couple of weeks ago, and i'm rg right lane happy with the results. >> i think that's exciting. i want to check it out myself for other stuff i'm working on. now, you are based in israel, there have been -- it's been a time of great turmoil. your company is headquartered in tel aviv. just tell us what it's like there. elon musk is there today. i know there's been great concern about how businesses, i know that money is not more important than life, not making any of that kind of comparison. how do you stay open in a period that so many people have been called up for the war? >> so first of all, i think it's extremely hard. i think emotionally, a lot of us
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felt a tremendous amount of grief and worry in the last -- since october 7th. i think that people behave differently, you know, to fight inflation for most people. the opposite is hope. and hope means doing something. the lot of people came back to work just for that. we are a global economy, so we're leaning more on offices outside of israel. most of the people are back to work. of course we have i think a 15% in reserve service. so, but we are back launching product. release the studio, release the ai product, we are doing a lot of really cool things now again, and i think in some way, this is actually unifying the company more and energizing people because they know, you know, what we're doing is actually meaningful for the country, and of course for the company.
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>> and just give you the last word. you know, i feel terribly for what is going on there, but you said your company's worldwide. i see it looks like to me that a huge percentage of your business now in the last few years is not united states. >> well, yeah, i mean, first of all, if you're talking about our customers, then absolutely. and we always had global reach. 190 countries, and the business is growing very well. if you talk about our employees, then you also have europe, ukraine, finding another war party, a bit more -- we had a very interesting couple of years. how to manage crisis, and hopefully next year will be a bit more boring in those
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regards, and we continue growing. i think to see how all the companies unified around pushing things forward, even in a hard time, it's just amazing to see the kind of talent we have and the strength, mental strength they have. >> i wish you the best of luck, not that you need it. your company has evolved in a way that's so special. and i'm thrilled you came back on, and i'm glad that you and your team are well, and i wish you the best of luck. >> thank you. >> okay. the cofounder of wix.com, i've been an a slclient, an amazing company. what's to come if rates have peaked? cramer picks apart the power companies next.
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this market has had a spectacular run since the late october lows, s&p climbing 11%, nasdaq jumping 13.5%. a lot of this move as i mentioned at the top of the show is because the bond market gave us a stay of execution. in fact, now that long-term treasury yields have pulled back substantially from the past five weeks with the ten-year going from 5% down to 4.4% today is feeling more like a full presidential pardon for the stock market. better than a couple of turkeys. if you believe interest rates have peaked, then that creates a benign market, and there's good reason to believe that they have peaked. when you look at the federal fund futures, wall street believes that the fed is done raising interest rates, and if anything, we might be getting rate cuts by next summer. the scourge of inflation doesn't go away that easily, and prices need to retreat. given how much inflation has come down, i'm convinced that the fed's job is mostly done. why does it matter?
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our entire categories are stocks that are borderline untouchable when rates are on the rise, especially the high yielding dividend names that compete directly with the bond market. that's why all week, we're running a series on sectors that are safe to buy. many of you want to have high yielding stocks. i'm going to start with utilities. this is the group to own, if you believe interest rates are done going up. cvs are quintessential slow down stocks. you don't stop paying your electric bill because of a downturn. and completely have to borrow gigantic amounts of money to meet the obligations. that's more expensive if rates are lower, more to you, the shareholders. bond yields are coming down from highs. utility stocks are feeling safe. can't be sure, but i like them. they are very beaten down. do you know, the utilities are the worst performing sector of the year. down 11% for 2023. 2023, even if you're bouncing
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off the lows. you got to ask yourself which ones are interesting and safe, and raise their payout. let's start with sempra, a couple of regulated utilities in southern california. a distribution facility in texas, the growth market, and an energy infrastructure business, including some great natural gas pipelines in mexico. some l and g, liquified natural gas, and a number of products. stock has pulled back 16% since it peaked 14 months ago. lower natural gas make the business less attractive. i think interest rates have played a bigger role, as the 3.2 dividend yield doesn't pay you enough versus what you can get from treasuries risk free. competition is too tough. what wall street has been focused on big picture things beyond sempra's control, the
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company kept its head down and is continuing to put up strong numbers. we have this stock in our bull pen for the travel trust. we have been thinking hard. we need to free up space for the portfolio first. let's not forget american electric power. how many times have they been on? that's the columbus, ohio, based utility. one of the largest electricity producers. when i spoke to the ceo earlier this month, i marvelled at the low growth, up 7.5% in the last quarter. the third straight quarter where this number has been over 7%. american electric power is in the economic development business, which is a good business to be in, now that we're seeing a resurgence of domestic manufacturing. including the plant intel building in ohio. that's competitive with the ten-year, and the stock is cheap. selling for 14 times next year's earnings estimates. i think aap is just a straight out buy. right here, okay. more importantly, it gives a
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road map for utilities in a world where interest rates should be. we want attractive markets with enticing yields. i like a couple, entergy, another excellent region. it's become liquified gas hub. citing a bullish update from management at a big utility industry conference earlier this month. simply entergy has some of the largest rate increases in the industry scheduled over the next few years, and the company resolved litigation issues that have been holding stock back. 14.4% yield, it works if you believe interest rates are done going higher. here's one i didn't like, southern company. massive construction project. they're building the first new nuclear plants in the country in more than three decades. they have been way behind schedule, and massively behind
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budget. they reached the payoff stage, the first was serviced this summer, and the second coming online early next year. that means we can go back to focusing on the core business in electric utility in alabama and georgia. solid economically, with a stock that offers a 4% yield. i'm a big fan of nuclear and so is the federal government. finally, let's talk about my favorite utility come back story. pg&e, the old pacific gas and electric. it has been a fantastic performer. pg&e is all about execution. avoiding major setbacks. that's exactly what they have done. in theory, pg&e shouldn't be a name that benefits from interest rates topping out and rolling over. i'm still including it, all the utilities might start paying dividend again, surprisingly soon. when we last spoke to patty in september, she told us about several catalysts ahead, including a decision for the rate increase proposal for the next several years and the potential reinstatement of a
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dividend. they already got approval from the california utilities commission to raise prices by 13%. which allows them to create a plan with revenue factored in. that intern will likely allow the board of directors to feel confident that it can pay a dividend again. stay tuned on that front. i believe in poppy's leadership, which is why i'm sticking with this one, as it's rebounded hard from its lows. here's the bottom line, if you believe that interest rates have peaked. this will be a terrific time to build up exposure. the four dividend plays, as well as one non-dividend play which has too many catalysts to ignore. i'm going through the rest of the groups that are viable. again, with long rates retreateding from their highs. joe in new jersey. >> caller: hello, mr. cramer. thank you for having me on. and a very impressive win for your eagles yesterday, what a game. >> they know how to play. they're gamers.
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congratulations to them. how can i help you? >> caller: i have owned cisco systems since 2010. and i've been reinvesting the dividends every quarter. with the earnings beat, but a miss on the guidance, should i continue to hold on? >> i want you to hold on, but you're going to have to hold on. two quarters may be too long for a lot of people to wait, but i think it's going to be two quarters before i feel like we're going to see the growth you want. joe, that is up to you. i'm not going to say stick around for two quarters. i'm going to say it will take two quarters to solve the problems, and thank you for calling in. pat in texas, please. >> caller: good afternoon, jim. >> hi, pat, how are you? >> caller: i'm doing fine. this is a good afternoon in texas, and i hope you had a good thanksgiving. >> had a great family thanksgiving, thank you. >> caller: i want to thank you for all that you do for keeping
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us amateurs out of the deep end of the water. >> i have to tell you, pat, i think we're all amateurs, just trying to help each other, including some of the people who come on air who say they're pros. how can i help you? >>. >> caller: i want to talk to you about biogen. i have had it for a while. it just made a new low a couple of weeks ago. i have been trying to find out what they're doing about this alzheimer's drug, and apparently it's not launched yet. do you know if they have ever started dispensing it? >> i think both biogen and eli lilly expect something big to happen next year. the problem with biogen is it's being lumped into the general drug group, and you're seeing that group. talk about any drug company, and you'll be seeing the same reactionment thank you for the nice words, pat. if we all hang in together, every day we try to fig out what's happening in this market. i'm glad you called in. people believe interest rates
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have peaked, this would be a terrific time to build up utilities. it's a beaten down group. if you think the economy is slowing. much more mad money, cvp of security, new integration of ai into cyber security offerings, i'm learning more about how the company is quietly disrupting the sector's biggest players, and trying to figure out how we have strength in businesses amid a fed hitting us with the most aggressive rate hike cycle in 40 years. i'm revealing what's changed in the company and helped to keep it robust. all of your calls, rapid fire in tonight's edition of the ayitcrerd.roun st wh am. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado.
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we've heard about some huge cyber security incidents. clorox, mgm, caesar's, with these breeches costing millions of dollars to fix. it's a good reminder we like the best cyber security stocks because they're offerings are essential. they have to do it. did you know that one of the biggest players in cyber security is a division of a much larger company? we're talking about microsoft. they do $20 million in cyber security revenue. that's bigger than palo alto, crowd strike combined. it's only one piece of a much larger enterprise. in fact, we most commonly hear about these guys when some other cyber security vendors talking down their competition, including right here on this program. microsoft's the leader here. why don't we do this? let's take a closer look. she is the corporate vice
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president in microsoft security, and i tell you, while i'm just glad to have her here. welcome to "mad money." >> thank you, jim, it's great to be here. >> i want to get right to it. i feel like that we have had many people say things about microsoft cyber security. how about we hear from microsoft what cyber security means? >> absolutely. to start with, cyber security is about trust. and today 1 million customers around the world use microsoft security. they trust us to protect the organizations. and we have a unique seat at the table because we are a leading software company and security company, so every single day, we process 65 trillion signals, and we use these signals to understand deeply what's happening on the front lines of security. nation state, ransom ware, and there are three things we need to watch out for, speed, scale, and sophistication because we're seeing unprecedented threat landscape. as an example, we're seeing
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4,000 password attacks per second. >> per second? >> what company can really try to take on that defense. >> and that's why we feel security is a team sport. here's what microsoft has done for that. all right. because to address these attacks, we have to do three things really effectively. one, we have to be able to see, like have visibility because we cannot protect what you can not see. >> okay. >> that's why those 65 trillion signals matter. second, you have to protect comprehensively, a lot of people talking about platforms and end-to-end security, what does comprehensive mean. we protect the house, and the roof, the foundation, the faith and also the neighborhood. microsoft has the largest end-to-end security portfolio, and we protect data, devices, identity, infrastructure, cloud, all of that. we have the superpower of generative ai, which is helping us defend at speed and scale, given the cyber shornl tage wit
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$3.5 million right now. that's a unique approach. and that's why our customers trust us. >> the bad guys have generative ai too. they have increased just from your own work. in the last year, tenfold password attacks from last year. now, if they have ai, if they're bombarding us, how can we hope to stop them? >> first and foremost, we need deep collaboration, and partnerships. bad actors work together. we, as defenders need to work together. >> north korea, china. >> north korea, china, iran, russia, vietnam. so many. we have to make sure that we as defenders and organizations work together. public sector, and private sector. we also have to make sure that we leverage ai for real good. it has this power to elevate the human potential, and it's going to help us solve the most serious of challenges. security is one of the most serious of challenges. and the advantage we have with
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ai is we have data that we can train this ai on to understand security. i'm hopeful with these collectively weakened chains, the asymmetry and the threat landscape. >> tell me, we have had george kir issue on -- kirsch on a number of times. i imagine that if i am a ceo of a company, maybe it's belt and suspenders, why wouldn't i want everybody? microsoft might want crowd strike. how do we deal with the ceo who says, look, i really want more than just microsoft. is that okay? >> first of all, we partner with the entire ecosystem. we are partnering with 15,000 companies and organizations. 300 security vendors are building on our platforms, and the way we address this is no one company can do this without others, and we go back to two things that we're doing, fundamentally building secure software, and we have initiatives like secure future
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initiative, which is how do you code for today's ai world, and secondly, we make advanced tools available for all defenders, everybody can use it, and we work with our ecosystem to make sure tools and technologies work together. and we are simplifying security for others. >> i want you to put me in the secret room that you have. someone is studying china, what china is doing right now. what would you expect at this very second china might be doing to hurt united states businesses? >> i think you have to step back and not just look at china but look at the whole world to look at how all the operators of threat attacks are acting. there's of course espionage, ip, and geopolitics. they're constantly looking at what are the economic advantages that they can have. there's financial crime. today, cyber crime costs us $8 trillion a year. that's expected to escalate to 10 trillion. there's a lot of financial, lucrative financial crime happening there.
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we have to track all actors. we are tracking 300 unique nation state and financial crime actors today. that's up from 200 last year. >> we don't play offense at all. can't you work with the defense department, and say, look, these are the guys, and we have to target them right back. >> we have to defend ourselves and we have to protect comprehensively. our approach has been let's prevent the attacks we can prevent. let's detect everyone, and affe everything and let's respond as effectively as we can, and this is why ai is going to play a big role in cyber security. >> within the organization, i mean, you have just a gigantic amount of cyber security, did someone report to mr. nadella and tell him what's going on? >> satya has made a big bet on cyber security. cyber security is core to our business and osto microsoft. it's mission driven. >> and a big bet on ai. we do a lot of threat intelligence briefs, front and center of everything we do.
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even as we look at responsible ai, secure future initiative, securing ai and governing ai are all at the heart of it, and microsoft has security and privacy into everything we do. >> last question, what can we do. you've got people watching, and they're hearing, and i don't want them to be scared. it's ocbvious we're being overwhelmed. what can an individual do to protect themselves? >> we have to understand what we are up against, and we have to recognize that cyber security is about everyone. not just some people, you, me, consumers enterprises, we have to understand the threat landscape is relentless, and there are three things we need to do. this is where microsoft plays a big role, one protect comprehensively, use generative ai, copilot security, it's a game changer, revolutionize security. and as we use ai, we need to secure, and govern, and use tools like the microsoft portfolio to do that. >> i know that you are the leader in ai, which is fantastic news for all of us who use
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only at vanguard you're more than just an investor you're an owner. that means your priorities are ours too. our retirement tools and advice can help you leave a legacy for the ones you love. that's the value of ownership. it is time. time for the lightning round. and then the lightning round is over. are you ready? time for the lightning round. let's go to catalina in new
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york. >> caller: hi, jim cramer, booyah. >> what's going on? >> caller: i want to know what you think where gold is going to keep going up or is it going to stay like it's been going down, going down? >> no, no, i think it goes up. remember, it's an insurance program. all it is is insurance against everything else you have. can't expect to make too much money on insurance but i still think you will. let's go to kit in washington. kit. >> caller: how are you? >> i'm good, kit. how are you? >> caller: i'm good. i want to thank you for all your stock tips. i remember eight years ago, when i bought pop eye stock. >> got a nice bid on that one. >> caller: it tripled. >> did a great job for shareholders there. she should be applauded. how can i help you now? >> caller: i still have generac,
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it's one of my big losers. >> i think down here it's okay. it turned out it had a lot more to do with interest rates than we thought. you buy it, and basically pay it off in interest. plus the actual cost of the thing. interest costs are going down. i think it could have another 10, 15 points to run. please hold on to it. christopher in south carolina. christopher. >> caller: booyah, this is christopher from south carolina. i love the show. love the picks, i wanted to get your thaoughts on a drew bulk, and they're doing a buy back program adds well. stock is golden, ocean group. >> it's the best of a lot that i candidly do not like. as you know, because you watch the show, those companies have gone boom-bust, just had boom, i fear bust. let's go to fred in pennsylvania, please, fred. >> jim, how are you doing?
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>> current club member. >> caller: my stock is guardian health. >> gene sequencing, i would rather seen danahur, a more conservative way to play it. . let's go to craig in florida. craig. >> caller: dr. cramer, happy monday. >> oh, man, monday, that means there's a lot more days ahead. that's all right. we're ready for them. how can i help? >> caller: this name is mentioned weekly, in fact, i have called in before about it, and it was just a matter of time that the shares reflect what the company is doing, quarter after quarter, the bears will set this thing free. jimmy, what else is it going to take before the market realizes what a powerful disruptive brand anthony nodo is creating at sofi. >> let's talk about hunting bank
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or regioning financial, wells fargo, talking about bank of america, they're suffering from the same thing. i think that anthony is doing better than the other guys. stay long sofi. this stock is up substantially from where it was. doing a great job. let's go to jim in wisconsin. jim. >> caller: thanks for all of your tireless work. >> thank you, jim. >> this stock has had a tough year. tell me about walgreens. >> i think they have to cut the dividend in half and show a plan. without a plan, i can't recommend it. and that, ladies and gentlemen, is the conclusion of the lightning round. the lightning round is sponsored by charles schwab. coming up, make ends meet and make your portfolio work overtime. shopify, small business, and the underground economy. cramer has more next.
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inspiring things i have seen. offering everything from point of sale to shipping. so $4.1 billion in sales and the platform for black friday. up 22% from last year. we can put the data into the mosaic, people are spending so much, should be worried about an overheated economy. we don't have brick and mortar, and amazon reportedly spent $100 million, driving more traffic than usual at their site. who knows what could have happened if the game had been the eagles versus the bills, a nail biter, rather than the dolphins rolling jets. until we have all the data, including the tallies, brick and mortar numbers, we can't get consumer spending. shouldn't try. maybe that's the one way to look at it all. maybe we should use what harley's shopify says about the state of entrepreneurials in the country. i want you to take a look at what he told me this morning on "squawk on the street." >> over 30,000 of our merchants for them black friday was the best sales day ever on shopify. and if you look at the globe,
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there's a really cool easter egg, which, jim, you're going to love this. you're a fan of small business. 13,000 merchants had their very first sale ever at the start of black friday. when you see the fireworks on the map. the purple fireworks, that's a brand new entrepreneur hitting their first sale. >> i love it. seeing how small, medium sized businesses are empowered about how we can have such a robust economy, despite the fed hitting us with the most aggressive rate hike cycle in years. basically give you everything you need for ecommerce. there are sites, and gizmos, making small businesses competitive. we talked to wix.com, you can use artificial intelligence with adobe's fire fly to figure out colors that work best. you can game social media and figure out what you can get to get the word out by using your friends to sign up.
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you can design tiktok videos that go viral, and if you can't figure that out, hire someone who's great at for a low cost per hour. intuit will connect your paperwork. it's not expensive, nor is twilio, to send things that they would be interested in. all the ways it's easy to run a small business, you're free to create something that someone else will buy. you're unencumbered thanks to technology, and artificial intelligence is going to make it easier to figure out what people want, making your business more valuable. as the ceo of adobe says, it will augment your ingentluity. this gives people extra money to make ends meet. it inspires entrepreneurs who might work at jobs they hate or alas, not work at all. this is not an underground economy, it's an economy that gives enough tools to change everything in commerce. that's the reason why business can be so robust because they now have the tools to triumph
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over much higher interest rates. sometimes i think that these days with all of this technological ammunition, a small business person is only limited by the height of her own imagination. i'd like to say there's always a bull market somewhere and i promise to try to find it just for you right here on "mad money." i'm i'm contessa brewer in for brian sullivan tonight. elon's damage control. the tesla ceo visits israel amid of storm of controversy. will it be enough to calm investors ahead of this week's first cyber truck delivery? what's behind a sudden surge in respiratory illnesses in china? we have a special report. if you thought instagram content was questionable before, wait until you hear what a new report just uncovered involving children. a 2024 election twist. wher
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