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tv   Mad Money  CNBC  December 15, 2023 6:00pm-7:00pm EST

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to growth names. soul appeared >> crisper, the first ever fda approval for gene editing. it has been up-and-down a lot of runway for the stock to move high. best of luck to my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always somewhere, and i promise to help you find it. "mad money" starts now. >> hey, i'm kramer, welcome to "mad money", i'm just trying to make you a little money. my job is not just to entertain but to put into context, so call me at this number. we keep waiting for the ball to get exhausted, we think it has
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to be really tired for a stampede but sometimes we forget that it's a proverbial, not at all sort of stocks are down and out but lane old value and growth and even super growth, we can forget that each of the groups has taken a turn for the better. even if it is to with the dow gaining 57 points and the nasdaq advancing 3.5%, over the week, the fed chief powell says now that he's worried about a slowdown as he is worried about inflation. and he doesn't want all of this hard work to end up causing a recession. the dot plot and a quarterly compilation where they can keep the future direction, so that we might be get this come up for three rate cuts in 2024. possibly starting as soon as march, and that spurred a huge amount of buying and the stocks need lower interest rates,
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companies had been hurt by the tightening cycles but retailers, homebuilders and material companies, today the fed president john williams told cnbc, we aren't really talking about rate cuts now. that stopped for the interest rates in its tracks but then did the money be the market, no, it came right back to the super growth stock and companies like salesforce and two cnbc club faves, that just low, quick, the problem is, i bet they don't buy what williams was selling. it was only two days ago that j powell offered, i was worried about that that would be cutting rates, i got there by parsing everything was said and done from the press conference and the dot plot, there was no way that you can argue seriously however we will have to get used to this back and forth as the fed is reluctant to play with an open hand. and with
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that in mind, you know what we will do, let's take a look at the game plan for next week. all right, so monday not a lot of action there, i left it blank, rather than trying to ferment something, that is reporting, but i said no, not that much happening. it's a vacation kind of thing. we early prayed fellow starts on tuesday, that is with fedex after the close, remarkable companies got re-energized under ceo who has given us the holy grail, is cutting costs while revenues are going higher. it's a wonder for two-year we have been behind him from day one. but if there's any shortfall whatsoever, please take advantage of the pullback to do some buying. and a long-term refresh of a company that had been showing for some time, i like this new fedex. i like the e-commerce for the holiday, too. general mills, which has seen its stock fall and made it $65
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now, i would say a lot of that decline because of the fear from the gop weight loss drugs that they could be cutting into their cereal and snack food businesses. with brands like cinnamon toast crunch and cocoa puffs and betty crocker in pillsbury, you would think it would have left everything to be worried except every company from the packaged food industry that is supported so far said they have seen no slowdown whatsoever from these drugs. and after that, what happens, will the stocks go right up, general mills has a fantastic pet food business too. i find it unlikely that any is taking it, or any of those wacky names mind they come up with her once a week shots that can cause you lose about 20% of your body weight but there's plenty of lost muscle in there along with lost fat. and then micron reports, they have a bad habit of when the stock goes up into the quarter, and then causing the stock to severely drop or identify even more aggressive buyers, if you can handle the volatility, by
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some micron and advise him after as these prospects are with expansion, which i think is going to refresh. if the fed falls through with the they talked through on thursday, not what the new york fed president saturday, then micron will be in high demand, there are cyclical chips, we have the refresh cycle coming through pce, and that is something i have been talking about but nobody believes me to be right. thursday morning we will get results from carnival. yes, which includes norwegian, and the caribbean to find a new analyst champion, every single day, and we also cover these stocks to be positive in all of this, and the weather has been terrible, which tends to report legal weaker numbers, i think you will get some upgrades to matter what, as analyst whacks about how cruises represent great value, recently we spoke to cintas, a company that services medium to small businesses, with uniforms and it doesn't seem no slowdowns,
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despite the efforts to slow the economy, i bet we will be stunned that this company can keep putting up insanely good numbers, if the market goes down any days, buy cintas. now i feel the same way about paychex, but wall street doesn't. and it pays a dividend, just be aware, that trend 23 catches its fair share of downgrades, after the close, the most important quarter of the week, nike, i think this one is very much studying the psychology of wall street, the community of analyst that cover nike have turned a bear. there is no sense of worry now, of course then, all the way now they like it, after one after another, they upgraded, i get the sense that even up here, and 121 and change, far from the battle days when they traded $88, there is still plenty of analyst that went to get more positive, therefore i think nike works before and after, finally offend likes to see personal consumption
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expenditure. and, we get those, you can get them every month and frankly, they become a lot more important and i think power really likes them i found myself thinking that this guy, wants to see these numbers because they might be running too hot. but i think we might finally be through with the really scalding inflation numbers, and the question now will be, are the numbers to cruel, here's the bottom line, the market has been weak after week after week after week so people are waiting, but we may not have it next week if ll of these companies report the kind of numbers that i'm expecting, it is the season for upside surprises. and they won't last forever, let's go to chad in washington, chad? >> hey, mr. kramer, thank you for taking my call. >> of course, what is going on my friend. >> now that they finally posted a solid quarter as it finally time to buy the next nike under armour?
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>> no, i don't think so, i cannot go for that one, i don't think it is the next one. i do think when it's a little bit better, i have to admit that, i think the stock can go to 10, i'm not looking for a big move. let's go to sam in pennsylvania. >> jim, how are you doing? >> i'm doing okay, how about you partner? >> i'm doing all right, the hottest buzzword i hear on wall street right now. is about ai, ai this and a idot. everybody is focused on the best gpu, who knows, anyway, as we head into 2024, i think we have to look at some of these large stocks, that could be the next and one of them is nvidia has the chips, and i think snowflake might have the data warehousing ability with their software. and if i had to guess, i think snowflake is going to be a big vest this year, going into ai, what you think? >> i agree with you, i think a lot of companies that want to get into artificial intelligence, then want to spend all the money and go buy
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a lot of nvidia chips and not know to do with them. so you rent the cloud through snowflake and you watch their analytics and you figure out how to use it and then you go back and that is why i think snowflake is going to have a dynamite 2024. let's go to ian in north carolina. >> jimmy, how are you doing my friend? >> trying to keep a sneeze back quite frankly, nobody on tv ever sneezes, so i don't know what to do. >> hey, i got my eyes on hannah finn, but if you keep going up and up, and i can't find the entry point, can i stay away or is there room to run. >> no, you can go higher, this is one of the most rear industrials in the country. wow, what a high. why don't you buy half now and if it ever comes in, which i don't think it well, you will still have something on the books it is really a hot stock. it acts like a big artificial intelligence docket, everyone is waiting for the value to take a rest but that may not be the case with companies reporting next week to give us
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again to report numbers on their spending, patrick doyle, the turnaround artist on a domino's pizza actually tasted has been serving a consecutive chairman and working really hard from restaurant branch international and the company changed some since he has gotten in, so is it too late to get into the stock? check out those great brands, burger king and popeyes, i will give you my take. and then there's a new powerhouse in las vegas, it is called a spear, while it might be a marvel to look at, could be a marble for your portfolio? i will take a closer look at this stock and where i come down and even in record highs, you still have to hold yourself in a little bit of a diversified portfolio, any major market moves, you know when it's going to come down, so i'm sizing a portfolio is where we play the diversified. so stay with -- kramer. >> don't miss a second of mad money, follow jim cramer at "x", have a question, send jim an email at mad money at cnbc
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money.com. or give us a call at 1-800-743- cnbc. missed something, go to madmoney.cnbc.com . (adventurous music) ♪ ♪ ♪
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we need to talk about the sphere, the unmissable new attraction in las vegas, it has become a social media sensation, the big spherical arena that is covered 580,000 square feet of l.e.d. lights, this allows the exterior to turn into just about anything. from a creepy eyeball to a creepy chad jack-o'-lantern. you have probably seen this fear, but you may not know that you can invest in is, it is the primary asset of a company called spirit entertainment, but you need more than excitement, and i'm not sure this one gives you that. but first let me give you this,
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sphere is in the center of the old madison square garden company, best for owning the new york mets and many of the sporting events and a course of bunch of venues and madison square garden. and iconic real estate if you live in new york city. but over the past decade, the madison square garden corporate family has gone through a series of reorganizations, so many that it has really turned off a lot of investors, in 2015, they spun off everything buy the television networks there remaining tv was called msg networks and everything took the name of madison square garden. in 2020 the new madison square garden broke up again, splitting into the sports team business, msg sports and a company that just owns venues, and that msg entertainment brought back the msg networks tv business that was spun off, so how about the sphere, for years, it was a long delayed massively over budgeted construction budget.
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but right before hey finished construction, the company did what more breakup every other venue became the new msg entertainment while the sphere became its own thing named spirit entertainment but also on the tv networks, way separate from the sphere? because unlike every other venue, the sphere is not just an event space, it's also an advertising business, it has become the most iconic site in las vegas, and this fear is asking $450,000 per day, for advertisers to take over exterior screens, that is a business and in the nutshell, spirit entertainment makes money from its sports networks and also includes the direct to consumer streaming product called msg plus and it makes money from the sphere, both as a venue and the world's coolest billboard, the sphere of vent lineups and the residency buy u2, which generated a ton of buzz because the individuals inside of the sphere are just as impressed as the ones outside and they have already booked tons of concerts and they will also host regular showings, that is an experience that includes the movie shot
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specifically from the sphere, and sit seats that shake, kind of like spirit entertainment has a good story but not a good business, is it a good stock because this is mad money, the stock has been a solid performer, up nearly 57% year- to-date but frankly much of these have been based on how cool it looks, and it was choppy throughout the first of the year, as the last breakup unfolded but it started moving this summer, once they turn on the spheres exterior, people can see how compelling it was as an ad space and then there is no pullback and the stock rallied again in early october after the first u2 shows, showed how cool the inside of the venue is. since then, the sphere stock has come in from $43 and change to around $32 today, and it really hasn't been on the positive mild trend. and the new york host reported that the sphere ceo, had quit suddenly after i'm going to
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quote it here, and angry bout of yelling and squeezing i do that. but known as the billion chairman ceo who also owns the knicks and the rangers, not long after we learn that the mayor of london had blocked spheres application for a similar venue, taking some shots at the sphere, and in the process, and then he called it, both the dominant and in congress, and quote what i think is the polite way of saying, he thinks it is that he is, the sphere said that they were disappointed buy the one decision but they were quote, many forward thinking cities that were eager to bring this technology to their communities and i certainly hope so, and the company's long-term growth strategy hinges on building new sphere venues. and the president is not clear where they are heading next, you can build something like this in vegas and pride themselves on having a crazy son but i imagine it's hard to get the permits for another sphere somewhere else paris? i don't know, and they will
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have it figured out, then there was an odd situation last week the stock dropped 55% in a single session for bouncing right back 10% last wednesday. here's what happened. now last tuesday morning, sphere mild $225 million in convertible senior notes, and i just freaked investors out, this is not new debt, new debt that can transform into stock. remember what i told you before, the sphere cost a fortune to build, original it was about to cost and it came in at 2.3 illion, the company already had roughly $750 million, at the most recent corner, which is a lot for the market capitalization, now it's taken even more debt, looking at next year's estimates, they would have leveraged ratio worth five times, and take it from me, that is ridiculously high, and it looks like it will only get worse, that is why the stock is off then it rebounded because the next morning, guggenheim securities upgraded sphere entertainment because
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the convertible note also included some positive updates on the business itself, for example, spheres on actually turn a profit, that is a big deal in the end, a high risk proposition. with her growth tracked of course there entertainment also owns a bunch of regional sports networks but i don't think that is enough to justify recommending the stock but frankly i'm indifferent to the regional sports networks not just because they show next games and not the sixers, the problem is that it's cable. cable keeps falling victim to cord cutting, they do have their own digital streaming service but that is not enough to make me excited about this one, for what it's worth, the analyst who just upgraded sphere last week, he hates the regional sports network a business, it awards seven dollars per share if they sold the tv business altogether, so here's the bottom line, sure sphere is a really cool story, but the stock despite a rough we have no idea as more cities will be willing to build something like this, let it happen. now, while i will be watching this one, i honestly don't want to stick my neck out for it.
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if this fear turns out to be risky. and "mad money" is back after the break. >> after the break, is the stock ticker good for more than just a quick return, raymer placed an order for market wisdom, and he serving it up, up next. we're trying to get to jamaica. stay close and... everything will be all right. i'm ok. i'm ok. you know when you have those moments? that time to reflect. to be like wow! what did i do to get here? (tense music)
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i'm a big believer in the great man theory of investing, some executives with such great trackers, which may not deserve the benefit of the doubt, which brings me to restaurant brands international, which has burger king, popeye's tim hortons and firehouse subs, an old friend of our show, patrick doyle, a turnaround artist ceo of domino's pizza, and he retired, and then i recommend this not because of anyone can get the
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business growing again it is doyle, who has taken a really hands-on as an executive chairman, at dominoes, with one of the single greatest comebacks i have ever seen, back in 2010, he started running commercials about how the bad pizza tasted, he said it tasted like cardboard and then he rolled out a new far superior recipe, he also embraced digital delivery, buy the time it took over to the time he retired in 2018, the stock skyrocketed from $12- $271, not including dust three dollars special dividend in 2012, doyle is great at building new growth, which is exactly what restaurant brands needed so the company is controlled buy a 3g capital, a very smart private equity firm, that tends to be a bit obsessive about cost controls, which is fine enough to grow earnings but can sometimes put a real stun to the company's growth. we spoke with doyle the night he was appointed, he came on the show because we know that
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we were intrigued buy everything he does, and i have to tell you ever since he was behind restaurant brands, the account, the stock is given as a 27% return and outpacing 20% from the 500, but it hasn't all come in as a straight buy, when we last spoke to doyle. restaurant brands but a really good set of numbers, it's not really budget responsive and in the following ways, it got completely sam, about my worries over is just consumer and then my concerns about the weight loss drugs and from the 12th of october, since then, the stock is way down to $73 and change, that is in part because wall street got a better attitude but also because the recent quarter was pretty darn good. when restaurant brands reported in early october, people didn't know what to do with the numbers, they up 10.9%. and it was partly worse expected, up 70%, and growth came in at a touch above the
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4.1 number, that reported in the previous quarter, although doyle would say that he saw 5% buy next year, but most important, transfers give you an 85% basis, and that should keep you worried, look initially, you know, it was tepid, nobody seemed to care enough and the stock actually ended up dropping 3%. but then it stabilized before returning to the market. at this point it is up nearly 7% from where it was trading. and what made these numbers difficult to understand, let's tackle the biggest problem head- on, burger king has been the company's problem division for a long time there was a main driver for the sales, every other chain exceeded or met its expectations here, but burger king had a 7.2% wall street was looking for a part 6%, that is almost an unforgivable difference while the disappointment on the conference call, you heard a bunch of positive developments, burger king has made big progress boosting traffic, and
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traffic was flat this time, that is a big improvement, right now burger king's growth is virtually all on the international side so we don't see it here, those numbers were excellent, including a 5.7 percent unit growth and a 7.6% sales growth. that did the refine. restaurant brands called it a solid performance from australia, uk, mexico, japan and france, most of these burger king locations have a moderate image and half of their sales are from what that number closer to 90% in south korea and china. on the domestic side, burger king is trying to fix itself up, with $400 million in investments, everything from advertising and new quick kitchen equipment, but still in the early days of this turn, as the money gets spent i expect better numbers. more importantly, on the conference call, the ceo noted the enthusiasm that she's rebuilding with the company's franchisees, who are surprised want to invest in their own stores, you don't read that in the news stories but the single most important piece of news there, so restaurant brands can do whatever it can to turn around burger king but none of
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that matters if they can't get the franchisees to work at. this feels similar to the mcdonald's turnaround from about eight years ago, the first thing that then ceo, he did, was to placate the franchisees, who actually seemed in open revolt against the company, now it was time for burger king with a lot of light from restaurant brands, popeye's , from philadelphia, popeye's which is really good tasting, did much better than expected, 7% remember they used to do three or 4% alone, and analyst wanted five, when i spoke to patrick doyle, he said he was excited about the momentum of popeye's especially new menu items like a blackened chicken sandwich and the ghost pepper ways, both of which i mentioned on the conference call, they saw a big uptick in digital ordering, that should help with the food problem, popeye's in the process of renovating their kitchens, but they're really just getting started, burger king gets the most attention and publish on the big you need to know, about
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tim hortons actually represents the large chunk of the earnings, now if you don't know it, think of tim hortons as the canadian dunkin' donuts, tim hortons is making really big problems for restaurant brands, 500 million monthly active users, they have the drive through speed up, and they found ways to bring up more as it is in the evening and afternoons, just very solid. so despite initially selling off, buyers came back to restaurant brands after giving it more thought, it didn't help the stock was a little over two weeks ago, arguing that burger king's business has bottomed, tim horton's canada can grow faster than expected and the stock simply doesn't get enough credit for the strength of its overseas operations, i cannot agree more. i agree with patty doyle when he thinks that restaurant brands can get back to 5% store growth, and the international business is what's going to lead, as for burger king, given doyle's track record with dominoes, i think we can go for another stunning turnaround and popeyes has clearly bottom, so here's the bottom line, we've
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already done really well with restaurant brands, if you bought it right when they brought in patrick doyle, it's now 13 months later and with all signs of progress, it's clear the company has a lot more room to improve, assuming management can deliver, that stock has a lot more room to run. hugo in ohio, go hugo. >> jim, glad to be back on your show and thank you for all that you have done for us. >> thank you for calling in, hugo, what is going on. >> i want to know, if i should buy more, i own a bunch, sell or hold, based on a recent pullback of brown-forman. >>, that is what we call the browns, and the liquors that are brown colored, and right now those are in decline for this country and for the first time in many years, so i'm going to caution you, that i do not think that you should buy anymore brown-forman, i know
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that this is fairly well, it's not what you want to be. angelo in florida, angelo? >> hello jim, how are you? >> i am good, and hello how are you? >> i'm good, i just want to say, this is my first time calling and i love your show. >> library nine, i'm glad you called in. let's go to work together. >> so i have the stock back in june, it has revised over 100% since january, it has been rising 15% over the past month, you have mentioned this stock many times on your show, this is an e-commerce company, and my question is, should i sell at these prices,i'm talking about shaba five. >> i do not want you to sell these prices, i think the stock and go down five or six points i do want you to think about that because the stock is up so much the stock is up more than
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100%, there's always going to be profit takers i want to think long term because it's doing everything right. and therefore it's what you want to be, stay log, mary. >> hey, jim. >> i'm glad you called in. >> i just want to say right off the bat that me and my husband are huge fans of "mad money", and squawk on the street, and squawk box. >> thank you, thank you. you are a cadre for the network and i really appreciate it. how can i help you? >> i am looking at deckers outdoor, and i just wanted to know what your take is on the stock. >> so footwear apparel has always been a dicey group and this stock has moved up so big that i do not want to come in at this level and start buying deckers, i do think it's good, and they have a lot of different brands, but i cannot recommend it all the way up here. it is clear that restaurant brands is a lot more room to improve but if you believe in that we can deliver, and the stock could be heading higher. much more "mad money", the market looking different this week as we reach record highs, is your portfolio ready to handle whatever the headlines do for us, we are playing kramer fake, you can see the
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portfolio and a cramerica can pass the test. and this morning and subscribers, costco has had a storm here, so should we take summing up the table, i'm detailing the fiscal decision and what we ended up doing. and all their calls, rapidfire tonight, with the lightning round, so stay with kramer! after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day. [ clocks ticking ] i'm ruined. with the extra hour i'm thinking companywide power nap.
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the market has had another great week with a potential shift in its policy. but some sectors are doing better than others in this environment. and i want to make sure that you are taking full advantage. that is why i'm playing my diversified. if the approval you is
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diversified enough and you mix it up a little. so let's start with bill in michigan. bill you are our first color, what you have for me. >> while i was on your thing, mi invested well. and i have invested in eli lilly, microsoft, ibm, procter & gamble, and amgen >> >> all right very interesting. buy the way, ibm doing well, i had to confess that the other day. procter & gamble done a little bit but because of its administrative, microsoft doing fantastic. eli lilly our favorite for the trust. and that leaves amgen, i don't want amgen because that conflicts with eli lilly, i would like to ee i would like you to see, i want to see honeywell here, because it is a cyclical stock that is still not blazing through at 52 high, you make that change and then you will be diversified. let's go to michael in california. michael? >> hello, jim.
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>> how are you doing? >> good, i just wanted to get your quick opinion >> sure. go ahead. do you have your portfolio? >> -- >> if you have five stocks sir? >> yes, sure, >> tesla, alto, hathaway, hawthorne and >> alto, tremendous retailer, we have berkshire hathaway, that is a conglomerate run buy warren buffett, ralph lauren is a company that is doing far better than people realize, tesla is an auto/tech company and derek is a gold company, so we have gold, retail, diversified oh, is ralph lauren the same as alto, i'm going to call this apparel, not retail and then we will be able to save it and then you can keep the gold company and keep tesla. that is apparel, not retail.
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let's go to doug in alabama. doug? >> hey, jim, roll tide. >> what's up, man. good, roll tide. totally. >> yes, i have tesla, thor, and exxon, i bought exxon today, and i sold uber today. >> exxon is down big, that makes a lot of sense. albemarle, we have tesla, lithium and tesla, that is a problem, we have tesla and ford, that can be said considered a problem. arm is good gas, we have to break this up here. i will stick with honeywell, i want to deviate too much and here we will put in eli lilly, instead of ford, just because we cannot have one is an auto complex here, and if we have an auto complex and autos go down, everything that you have, it will start heading down and you build diversification that won't happen. how about, -- our last color,
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joseph in florida, joseph. >> hey, boo yeah. >> boo yeah merry christmas. i have a question for you, i'm looking to diversify, my portfolio. and i have shaba five, a firm, verizon, tesla and avalon. what do you think? >> all right a lot of tesla's. all right what someone say, if shopify mostly for econ. and this is the calm fulfillment. i will say that it's okay because of firm can be fined up later for a lot of things, so we have shopify and amazon, some people say those are conflicting but this has amazon at $92 million, i'm going to let that go. so let's say we have to diversify retail and tech complex we have a fulfillment for e-commerce, we have an honored buy now and pay later and we have a tell company. i'm going to let that go.
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i think i myself would not want to own both of these. but i understand the desire to have fulfillment and have this colossus and also include retail, "mad money" is back after the break. >> coming up, cramer takes your calls, and the sky is the limit, it is a bast fire lightning round, next. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪)
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lightning round presented buy charles schwab, trade brilliantly. monday, kicked off the trading day with squawk on the street. live from post nine at the nyse. >> hopefully will have to buy
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more for the canister and bring the party. i wouldn't know, i'm not a scotch drinker. >> scotch on the rocks? >> no, i like this gal, no. there we go. >> it all starts at 9:00 a.m. eastern. >> i love you, man, thank you for all of the wonderful vibes you provide us. i like watching your show. >> i love watching your program every day i love it. >> i've always wanted to say boo yeah on your show. >> we consider you the money market maker. and we thank you for all you do. >> we love your show and we think it is the most entertaining program on tv. >> and it is time, it is time for the trend fast buyer lightning round. and in the lightning round is
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over. are you ready, and it is time for the lightning round, lehman florida, liam? >> jim, i want to bring out the lobster, the market is hot. that is what we are looking for -- >> i missed that. the stock >> alibaba, what are we looking for. >> we are not recommending chinese stocks, it would be fun but recommended but i'm not going to get caught. it can bounce and go. let's go to doug in connecticut. doug? >> a, jimmy. >> what's up. >> i hope you have a good game on. >> is a huge game, i don't like you to be on the road with a 12th man. how can i help you. >> well you made a call on squawk on the street a couple of weeks ago and i have to tell you, right after that i picked it up and i'm up 40%. >> you are the man.
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>> nobodies lost money taking a profit, so what should i do. >> i want to take half off and let the rest run. i think caribbean is the one that is the survivor i appreciate you calling it out for me. let's go to connie. in california. >> hey jim, thanks for all your help. >> you are quite welcome, you son fired up what is going on. >> i never heard of the paradigm until this week, it is good for the long haul. >> it's very good, the equipment is a very well-run company let's go o julian in california. julian. >> my name is jess, i'm a teacher teaching students about stocks and investing, i have a student of mine that wants to ask you a question. >> no problem. >> howdy, jim, i'm calling from the academy of the redwood i
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was wondering about your opinion of the current state of the stock of roadblocks >> this stock goes up and up and up that is not a reason to recommend a stock i will tell you this, that last quarter was actually pretty darn good i need to go to tom in maine. tom? >>, hey jim, a longtime second time, my question is about the eaton corporation. >> at one comment, it won't come in, we actually sold some emerson so we can buy it but it won't come down, and one come down, i really like the stock but i can't pay up here, let's go to dave in florida. dave? >> hey jim, great to talk to you, this is ave from florida. first time caller. thank you. i have received, allegations of the street ipo back in the day. >> oh my, 1999. >> and probably so, for a quick profit i might add. i'm calling to get your view on a provider about semiconductor packagings and services. and something that was recently announced, investing in at $2 million to get a new plant in
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arizona, and identified apple as one of its major customers, and the stock has a 52-week high today, what are your thoughts on the technologies. >> you know david because you know because you have been with me for a very long time i cannot recommend it, if i recommended and it goes down, i feel awful about it. i needed to come in. i'm willing to admit if it keeps going higher, is going to have to be done with but i'm sorry, discipline is more important. let's go to matt and colorado. matt? >> thanks for taking my call. >> matt good to have you, what's going on. >> my stuff is co-part. >> i remember when they were for that maybe 20 years ago, i looked and i cannot believe the steady stream of what they do, was salvage vehicles and parts funding, what a winner that is. you have a good call. gary, in north carolina. gary? >> hey, jim how are you doing
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this evening. >> i'm doing good how are you? >> doing good, sir. my question to you is about marsh and mcclellan. >> marsh, consistent company, just churns out the dollars to buy some and then buy some a little bit lower even if it doesn't go there. but that is just a consistent good company. now going to keep in california. keith? >> what is up jimmy, the winner of my roth ira. last year i called in about a really really cool stock that you gave us called eve tv, i'm really happy with it. and i'm up about 13% this year, today i'm calling about a stock in the same sector, called energy transfer, with the symbol, et. >> and they took down too much depth and i have to tell you it is a winner and thank you for highlighting something that i did last year. and that, it was included on the lightning round.
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>> the lightning round is sponsored buy charles schwab. coming up, ring the register or make a wholesale commitment to this longtime framer favorite, a good problem to have, and we solve it, when mad money returns.
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we had a dilemma, the morning meeting for the cnbc investing club, talking about costco, no up 44% for the year, after a 4 1/2% gain today and how we should probably ring the register or a part of the position, but we couldn't bring ourselves to do it, we couldn't do this because nobody does it better than costco there is another retailer on the world that comes close to these guys in terms of offering the customers value and when you find a stock like osco, that is how i feel after the incredible quarter. they do a remarkable set of numbers that divide all of the talk about a cash grab a company that saw an increase, 229 1/2 million, with consistent growth throughout the quarter had $1.08 billion in membership fee income.
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and they saw goods inflation between zero and 1%, something dropping 20 to 30% in price, and a great news for shoppers. and best of all costco announced they will pay you a one time special $15 dividend. and effective january 12th, who doesn't want a special dividend, no wonder the stock value went $28 in one session, there are so many things that make this company special. so of its incredible assortment of merchandise, and a tight ship and he talks about how costco saw index card for 20 grand, apparently an autographed mickey mantle, nike rookie card in perfect condition, with your name on it, maybe, they saw $100 million of gold and one ounce with no markup, let's not forget the 2.9 million pumpkin pies they moved in the three
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days leading up to thanksgiving. and take my word for it, they are all delicious. when costco reports, there's always an element of miss disbelief, when asked how the company's ability, to accept younger members, and gave them a slamdunk answer quote, if you compare everybody who is always concerned i am over 10+ years ago, everybody would ask, how would you go to the millennial's and it's how you go after the next gen or whatever. and then he hit you with the truth about how great retailers are, quote, at the end of the day we look at the different if you just change their names, the curb seems to be about the same in terms of getting new younger members, they buy less and they buy more as they get older into the 40 or 55-year- old sweet spot and in other words, everyone loves the club and as they get older, they love it even more. how about shoplifting, the bane of retail existence these days, analysts asked if costa had a problem with shoplifting. and thankfully no, which propped me to think, would you still from their own club.
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but i would be remiss if i didn't mention the company's charitable giving, through those checkout donations. and maybe it is the quirkiness and maybe the values and maybe the way to make you feel at home, it's a concept that works worldwide, with great success in china, and i think costco can work pretty much anywhere. and that is why we can't bring ourselves to bring the stock to sell, it is just too darn great, others might feel the same, or it wouldn't have shut up 4%. why can't more companies be more like costco, which pays better than any other retailer. and people love to talk about corporate culture. but they don't have the dead loss weight in training, they have promoted from within, and a forklift operator for the company he started in 1982. and they know you when you going to costco, they know you buy name, i remember going to my costco and the guy said
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high to me buy name, yes, he watches the show and then he said high buy name to everyone else in line. so, we hold onto costco for the travel trust. and no, that is of course not all it does but for the purpose of this show, that is more than enough. i would like to say, there's always a market somewhere. and you can find right here on that money. i am jim cramer, c-1 monday, the last call starts now. i am contessa brewer, and for brian sullivan, now on last call, as a stock set a record, and a classic investment strategy be key to your wealth in 2020 4x we will show you. forget $1.50 hot dogs, what costco and gold bars could signal for your portfolio, plus i can't miss week of insider stock buys involving big time names like disney and forth, we will bring you our exclusive list. home before the holidays, but with an anvil hanging over your

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