tv Mad Money CNBC October 1, 2024 6:00pm-7:00pm EDT
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and gap stores. they have momentum. we won't see for a little bit. we'll see earnings in november. >> steve? >> i think night swift transportation has more steam left behind it. >> tater tot. >> let's go mets? i mean, there was no enthusiasm there. my mission is simple. to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now. hello, i am grammar, welcome to "mad money". welcome to cramerica. i am trying to make you a little money, my job is not just to entertain but to put into context, call me at 1-800-
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743-cnbc . or you can tweet me at @jimcramer. ironic firing missiles at israel, something that did hurt the market and s&p sinking, and the nasdaq, but despite the geopolitical turmoil, which i never want to downplay, tonight i want to spend some time celebrating the quarters that just passed because of remarkable thing happened, when you look at the 10 best performers in the third quarter, we discover that this formerly narrow market has totally changed its stripes. i brought myself on knowing stocks and to be my own chatgpt but the winners this quarter text every microprocessor implanted in my little head. no fang, it was like robert altman's the player, no julia roberts, so rather than dwelling on the possibility that the middle east keeps escalating. we will do something constructive, focus on how we can finally have a real broadening out of the markets,
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and that so many called for, this was the quarter that we got the revenge of the little guy companies, the ones you can really hear about outside of of course our lightning round, that is why i want to highlight the s&p 500's 10 best performers, and we will do them in ascending order, this list is devoid of barn burners, which is what i like it so much, these are companies that you can sleep at night with, they actually may put you to sleep. the 10th best is exxon enterprises, the company that builds tasers as well is a digital management business, axon's stock has been red-hot, for ages. so it is no surprise that it rallied in the third quarter, it seemed strange that we don't talk about the stock more but it's a part of the broadening of the winners column. and, it hits close to home, stanley black & decker which is a big position. why because we want to invest in a company that tends to
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outperform when mortgage rates go lower and people fixup their homes. after years of lagging the market, stanley black & decker has come back with a vengeance of 39.9%, it was rallying in anticipation of the rate cuts. you know the big growth is not even there yet but i bet i can keep running, number eight is -- vistra, a power nuclear power plant, that includes two nuclear reactors, we have seen its insatiable demand for clean energy for data centers and a hyperscalers that use them, it has exploded to the point where microsoft is getting one of the three reactors, one of the reactors, to reopen. not the one that had the meltdown, so vistra was up for the quarter, now 218%, for the year. hard to imagine the utility making the move but carbon free electricity has become one of the hottest commodities out there, taking out a whole bunch of stocks and vistra is front
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and center. number seven, we have gotten used to people coming on here and warning us about the looming demise of commercial real estate, well someone better tell the people at cbre, which does everything for commercial real estate, to evaluation property management, the fact of the stock to be up almost 40% for the uarter tells me that maybe we should think twice before being negative on commercial real estate, you will always get a takeover in the top 10, the sun really came out of left field. kellanova, created when the old kellogg broke itself up, being bought for a huge 35 $.9 billion price tag. now almost no one saw this one, because we are constantly told that the our dying category. mars clearly doesn't think so and nobody knows junk food better than they do, that is why the stock of the kellanova was up almost a 40%.
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fifth, we think of home depot, another trust, being the place for professionals to buy the products, they need to put up new houses and renovate old ones but they housing supplier for the pros is actually builders first source, a wholesaler, that we have feature repeatedly, the stock is up 41.1%, you cannot wait for builders first source to put up big numbers before you buy, this is an obvious rate cut winner, so you have to get in ahead of time. in this business, anticipation cannot make you wait. when you think about what goes into construction, flooring is a necessity and flooring is synonymous with a company called mohawk industries. and, not to mention pretty much everything else you can step on, mohawk is a national buy in a rate cut cycle which is why the stock jumped 41.5% last quarter, this is well ahead of any turn in the earnings. number three, palantir had put up some good numbers but it is known as a huge following of individual investors.
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spelt buy its flamboyant city, now a little more than two weeks ago, the wall street journal published this incredible piece, headlined, "the fanatic amateur investors behind beta10", gave some great insight to the avid fan base that rejoiced when the stock joined the s&p 500 last month. now, they came in on top of the admission and helped the stocks short up 46.9% for the quarter. next, it wasn't that long ago that many about general elections power division, the company spun off, for nova as a part of its bid to become a pure play on aerospace, i know that the ceo, and lyrical, the mastermind of the breakup, how confident was he in the credit rating for the power business, which includes natural gas plants, nuclear power, and they had nothing to worry about in fact the spinoff came at the perfect time the stock was a home run, in the third quarter, power generations, become a phenomenal growth story, ugly duckling, into dynamite squad.
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how about a company that manages insurance exchange for people who want to buy policies, it is called erie indemnity, that is like lake erie, the best performer in the entire s&p 500, not a lot of that had to do with the stock admission to the index which brought in a slew of automatic fires but, erie indemnity, managed the exchange, $10 billion in premiums, around 7 million policies enforced, when the fed cut rates, insurance companies went wow, this one is emblematic of the group of winners, that dominated the third quarter. erie indemnity is success is erie. next time you hear about this market is made up of a few winners, you should remember this list that i went over, the recent rally is all about companies that you haven't heard of, or maybe a little bit word of mouth, that benefited from lower interest rates or the endless need of the power or security. it is a remarkable list of
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documents a real broadening out of the winners, it is a sign of where we are heading. i may not go that far but clearly we need to start digging deeper to find winners going forward, they are no longer as plain as the nose on your face, or the tech in front of your eyes. let's take some calls, is go to frank from new york. frank? >> welcome back, jim. i love the show last week. they went great. >> i am so glad, thank you. it is really sensational. it means a lot to me to hear you say that because i do need some time off periodically to recharge the batteries. how can i help you? >> you are the hardest working men in the business. both teams are struggling right now, maybe it is the world series i hope. >> i will take that, i will take anything from philadelphia at this moment. >> so i have a question about lift, i use both lyft and uber as a customer. right now i'm only using lyft, they have better pickup times and better prices, and i told you that i drive, and drivers
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seem to be doing better. they take care of them better. i told you back in august, it has been on fire lately. the new ceo seems sharp. >> i like david very much but i will tell you, frank as good as lyft is, and i like david very much -- i have to tell you that uber is a juggernaut, they are doing so many things right, that is the one i do prefer. let's go to my home state of pennsylvania, keitha pennsylvania, keith? >> hello, mr. cramer, how are you doing? >> doing all right, recovering from a hernia research array. >> be very careful, i had a quadruple, i went back and i started lifting and i was all wrong. take your time! >> i appreciate that. a few weeks ago, you had on there, and you seem to be impressed with the stock. , but it is still kind of consolidated and still on a leg down now, i guess the support is closing, and with what is
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going on, do you suggest, what would you suggest a good price point would be for an entry point for elf? >> candidly, i liked it so long, that i kind of lost track of the fact that the group itself has become such a bear to own. i am reluctant to say bye because it is in freefall and i find stocks in freefall, we have to wait. they will tell us when to buy. it is when they bounce, not until then. listen, the next time that you that this market is made up of only a few winners, i need to remember the list that i went over. it is a remarkable set of names that will show you just how broad the winners were in the third quarter. which was a sensational quarter. aaa has had some changes, with the former ceo moving to starbucks, i'm taking a bite at them but the latest for the company's top brass. and then the solid quarter,
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sending the stock higher, so the stock had some spice to your portfolio, we will have these latest numbers, you do not want to miss my exclusive. and, announcing plans to retire, after successfully turning around. i am hearing more about the transition with that terrific executive herself, so stay with cramer! >> don't miss a second of "mad money", follow @jimcramer on "x", have a question? tweet cramer at #madmentions. send an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. this is something? head to madmoney.cnbc.com .
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let's say you're deep in a show or a game or the game. on a train, at home, at work. okay, maybe not at work. point is at xfinity. we're constantly engineering new ways to get the entertainment you love to you faster and easier than ever. that's what i do. is that love island? when starbucks poached the ceo of aaa, its stock shut up
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on the news, but aaa's stock stumbled that same day. but a great executive, but chipotle is not a one-man show, a fantastic company with a deep ench, we checked in with scott right, the chief strategy officer. take a look. -- let me ask you a serious question, how long will the brisket be available? >> that is a fantastic question, we will have a brisket through the end of the year, maybe a bit longer, depending on supply but, we are super excited about that it is performing really well on the market. >> you may think that you have jackie or, you may think that is of the sea fish question but there is no real difficult transition year, one of the smoothest and easiest, the stock dropped 6 1/2% when it happens, and it comes right
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back. jack, is that the secret of chipotle , the kind of horizontal fabulous nature that you all have, and there is just and egos that we don't see. >> true, chipotle is a purpose to cultivate a better world and the folks in this organization, i'm talking about from the top, through me to our leadership team, all the way down to the group, we spend a lot of times in the restaurants before we came here everyone believes in this purpose when he whole organization believes in that person is you can create amazing things, we have a lot of momentum behind us in a lot of opportunity. >> let me tell us a little bit about yourself, we haven't seen you one, obviously you are a person, who was a part of this seamless transition and we want to get to know you. >> i will love that and welcome the opportunity, thank you. so i have been with the organization, leading operations organization for over seven years now and we have grown the brand from 2300 restaurants, 2/3500 restaurants today.
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we have a world-class people organization, that has really been driving and executing against our strategies for the past several years, and it has served us exceptionally well. what i am most excited about, jim, the future and where we are going, in the early innings and what this brand is going to be, so on our path to 7000 restaurants in north america and through international expansion. >> let's talk about that today, in dubai, it sounds terrific the first restaurant is opening, the second in the area, but it is a franchise. a partnership, that is something that i didn't expect from chipotle. >> our first license agreement, with a group that we are very happy with the partnership in the early phases of the partnership today we have two restaurants opening in kuwait, with the first location in dubai tomorrow actually. >> that is very exciting because i have always hoped and i have sent this to you for a long time, if it works in the united states all over, it is a natural overseas, but you guys have always been very considered and a little bit
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slow, i think but tell me about the worldwide expansion plans. >> so we have a big opportunity worldwide, we have been very protective of our brand it took us a long time, we've had incoming request for a franchise opportunity, for at least a decade, we have got to know the group for the last three or four years and finally, came to the conclusion that this is a world-class group and they are doing a great job. and in europe we have opened about 10 years ago or so, we didn't quite get the food dialed in, we did get the supply chain dialed in, there were little differences all along the way and what we do want to do is build out the brand, this is about growing for growths sake, we want the brand to be fantastic. and, we are getting very close, davidson who did a great job in canada, now overseas in europe, they did a fantastic change in the last 12 to 18 months, and i do predict that, europe is going to be a growth vehicle for us.
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>> that is sensational because i don't thank you were about to run out in the united states but i love chipotle, everybody has watched with aa and it seems to be a natural everywhere. >> it is doing really well. i will tell you, the business is on fire we love what is happening up in canada, we will grow canada, somewhere in the neighborhood of 5% this year, and that is going to continue to grow, in that market in the coming years, what we are really excited about the opportunity, and we think under the leadership we are starting to move the needle and saw the economic challenge there, and we have a model that we like, we think we can grow that aggressively over the next few years. >> that is highly unusual, you have a new cfo today and it is terrific, that was your job i thought you were going to leave, honestly you're not happy with just having any other transition you will come back into a new position, will you continue with premium ingredients and affordable prices and attractive markets? >> i hope so, i have been talking about those three things for the last 20
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something years and frankly the fact that you remember it and more important than that, our team remembers it and we had our whole management team, our managers across all restaurants back in march, and we talked about how special it is to have those three things, affordable food, and so we keep reinvesting their business, and as long as we take care of those three things with running great restaurants, and is to fantastic job, the future is very bright for us. >> another thing that i love about chipotle, is when i meet with people who work at chipotle, they are treated with dignity, they have people looking you in the eye, people who are often owning stock, you have quietly talked about money and i respect that in business, quietly created quite a few millionaires. >> we have through the years, it is pretty impressive what has transpired over the last seven years, buy being with the organization. we have gone from around 80,000 total employees to just over 120,000 today, and our team members are the absolute backbone of this great organization, without them we would enjoy the success that we
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have today, we continue to lean into what we believe to be the best culture in the business, the industry leading benefits, and development opportunities. >> now i would be run not to mention, because we had such a great relationship, he got me to read this book that he talked about, and suggested that i read it, and this was to me, the most ai book i have ever read, and this is just learning how to integrate ai, you have done tremendous, i'm not just talking about machines that are drawbacks, but they work throughout, but you have a platform of ai, how is it going? >> it is early days but it is going quite well, we will bring technology, to make the experience for our customers better. the thing that we are not going to do, is remove that personalization, they are going to have the eye o eye contact and we will serve you along the lines, so you can get exactly what you want as a customer but there are things behind the scenes likely before a restaurant was open, better
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time-consuming tasks, and if we can make those simpler, they will have a better experience, they will be happier buy the time we open up the doors and customers come in. and customers will have great experiences as well. a lot of this technology doesn't exist, it is not off- the-shelf but that is okay, we are taking the long game here, we will work with outside partners and custom developed some of this innovation, so that the entire experience for our crew will be better. it includes things like -- which will and cordy avocado, that device doesn't exist, but we are creating it, the bolt will be made automatically, so that our crew can spend time, doing other things including servicing the customers, so we are very excited, it is early days, but we think that technology, and ai in particular can be big for us. >> we have things like a dual grill mentioned, i point this out because it matters, we know that there are places that fail because it is bad, you guys just seem like you are not content, with just being a
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great restaurant, you are a great restaurant that gets people through and happy, that is also chipotle, >> i think the value proposition of chipotle is grounded in high quality ingredients served at abundance, at a speed which you can't get anywhere else at an affordable price point, when you bottle all of those things together, you can really create this guest experience, that drives customers back into the restaurant, speed is important to our business, our customers are very busy people on the go, with families or jobs or what have you, jim, so it has always been our imperative to move them through the process as quickly as possible, leveraging automation, allows us to deliver that experience even more efficiently and fluidly, and again to jack's point, remove those mundane tasks that are so repetitive, that the members don't enjoy doing it all. so we have a great plan for the future, >> excellent, on that last call, you did talk about how you may have hit a point of resistance in california, you can't just keep raising the price, how do you feel about
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the consumer right now and how much they can absorb and let's throw in the fact that i don't know about you guys, and, it is just too big, i feel like it is a bargain but i also have sense of the idea that there's a lot of people around the country. >> so we watch it very close throughout the country and we continue to have very strong value scores with high scores for the amount of food for the money and the quality of food for the money. frankly our read on california is less about resistance to the price increase and more of a macro impact we look at the restaurant industry the restaurant transactions are down for everybody, and it really doesn't matter whether you took a small increase as some companies did, and a very large increase as some companies did, we took an increase about in the middle and much across the board, there was a pullback from the consumer, there is more of a macro resistance to inflation in general in california, but we watch that very closely because it is the three things and is one of the three things that is affordable, we are not
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going to give up on affordable because we don't just want some people to enjoy chipotle, we want everybody. >> i want to thank both of you, it is an honor to have you, this is a great chance to be able to talk, i am so thrilled, i think you might have wanted to do some other things, >> we need this guy here. >> we all do. all of your customers need it. chipotle's interim ceo, is president and chief strategy officer, it is nothing but fewer joy to have you on "mad money". >> thank you. coming up, give your investments a little about, cramer spices it up with a stock that will bring the flavor. up next. cnbc, live ambitiously.
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this morning we got results from mccormick the leading maker of spices and seasonings, numbers are solid, mccormick has delivered a new quarter, up 23%, outperforming the s&p 500 we have more of the same, mccormick better than expected sales, for the first time in nearly three years we have to talk about that, throwing some strong margins at a 16% earnings. on top of that, they raised therefore your sales forecast, no wonder the stock is almost there. so can it keep climbing? let's check in with brendan foley, he is the ceo and president of mccormick. welcome back to "mad money". this was the quarter i have
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been waiting for. how did it happen? >> we called out 2024 as the year of investment back into the business, and we are seeing great results from doing that. the third quarter was important for us, for growing total company volume, a lot of it is because we have the right programs in place. >> it also seems that innovation got a ton of it. there seems to be an undercurrent of gen z, people thought it got too expensive to go out, you are the antidote to that. >> consumers are looking for value and we are doing the right things across the business, if flavor is a small cost of any meal but it has so much impact, so we can see a lot more consumers now, shopping around and having to flavor a lot more meals because they are making it from the produce department or buying the steak, they need montreal steak. >> so you also have something else going on, when i check with people, there is kind of an odd cold about what you have. french's mustard, i want the mustard that my parents had. mccormick spices doesn't go bad i love it.
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and then this crazy stuff, that the social media for your stuff which is not done buy ou but is organic, is causing people to buy whatever they have got and they are selling out. >> you're talking about our finishing sugars, we just came out with these it is an insight. we are testing flavors all the time online, and we are selling products to consumers and then we asked them to write back how they are using them, so we sold this english toffee and we got feedback and they said i'm adding into my coffee and all of a sudden we are known for kind of creating pumpkin pie spice, and so we said, well let's make a whole line around finishing sugars, and you can add them to write hot back drinks, and these things do take off, and we will have the right insight with the consumers. >> is that a lab or people you have, that no, what the future
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is bringing, how do you know? >> this is the most important thing we do, identify where they will start the mainstream and hid them on the marketplace, that is what is happening with the finishing sugars the same thing is true with authentic mexican, so, this is a part of our job, we are always identifying new trends, that is what is fun about the flavor business. it is changing all the time. >> what happens if i'm not sure, how about something like this? >> this is interesting, we are finding out that what is really working with consumers, they are thinking a lot more about their spending, they want to try new flavors they do want to explore what they may not want to spend as much as they would normally, so we will try a new flavor that is what we are finding that is working with the many franks, this is a small version of what we have up there, i love the creamy buffalo and we are seeing a lot of terns from that. >> we also know that there is margin proof, not necessarily something that someone who would care about that yes, the big trigger pullers in the business want to see it improved, as a pretty significant. >> across the business we will put a lot more investment into
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the business and also expanding margin at the same time, and part of our program really helps us deliver that and we have really had a strong third quarter as a result of a lot of that activity. >> i have to tell you, something i have been struggling with for a long time because of his gop dash one issue, but you don't have any problems. >> we have a portfolio that really appeals to everyone, whether you want to eat as healthy as you are trying to or even if you want to make a dish, that you really savor and love, our product range really applies to any household, or any cuisine, that is a great part of the business, it is an ingredient based business, all about flavor and no one really sacrifices on flavor. >> also if i go with frank's or any branches, i always say to myself maybe i shouldn't, no calories but it is pretty darn close to no calories. >> it is a pretty healthy product, so is the master that you love. >> my daughter said i love the french is because it is like when i was growing up. >> yes, and it is naturally
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yellow. >> but again, there is kind of a believe, that this is the brand that is in everybody's pantry and everybody's kitchen. the universe alley, it doesn't end in america, either doesn't? >> a brand like branches and franks red-hot goes global, but these are brands that appeal to a wide variety of households, either growing up with them but these are brands that really we think the country loves. >> i want to get too far ahead, and you have a very important investor day meeting, but if you like you don't get a company that triggers into some volume growth and then it goes back down, i would like to be there, at the inception. am i willing to think that it's okay to believe this could be some sort of >> we see continued momentum in our business, and we have been investing in that already but there is more growth ahead. we are not satisfied with the growth that we have, we are
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going after more and it will be healthy volume growth. >> i understand that your e- commerce volume is really gangbusters right now. >> it is doing well, a big percentage of that market keeps growing, they're looking for convenience, whether it is retailers out there. people looking for the convenience to be able to buy online and then go pick it up and we're seeing a lot of growth there, and the key there for us is to have really good content and be the consumer with where they are. and just be available. >> are you out of any of these, will you have trouble finding any of these? >> we will kind of test the marketplace and it sold out immediately, we will bring them into stores the holiday season. >> congratulations to you, you have done a great expansion and you have been known to be innovative but everybody is jazzed up about mccormick right now and it is on you and your team. >> there enough. >> thank you, the president and ceo of mccormick, you guys you know this stuff it is in your
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do we do with the stock, with the ceo that is planning to retire in november, let's go straight to the source, she's the outgoing ceo, of signet jewelers, welcome back to "mad money". >> thank you, it is great to be with you. >> it is bittersweet, i think that we must celebrate someone like you because when you came in, and we did go out to lunch and i remember, i said why are you taking this godforsaken job , and you told me, that you turned it around and how did you do it? >> i had spent five years on the board of directors before i came in as the ceo where i've now been for a little bit more than seven and i saw the brilliance in the team, this is a team with great expertise, with passion who was ready to drive change, and together we have transformed this company strategically, financially and culturally. i never could've done something like that on my own. i have done it with the support of the entire signet team. i saw that from my vantage point at the board level and
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was excited to come in and lead the charge. >> i will go back to seven or eight years ago the washington post i told you these when you took the job i said wait a second, eight years ago, in its current day then, is signet a diamond empire or a finance company i would say maybe you are going for a pawnbroker job and then hundreds of that this is a tough one, sexual harassment, discrimination at the jewelry company, from 2017, you did a root and branch turn at this company. >> it is really exciting to see where the company is today, jim we are an entirely different company from where we were, seven or even 12 years ago. strategically we have invested to create a dynamic portfolio of retail brands. we know that based on our data, that these brands, from jared to sales, to blue nile appear to 80% of jewelry comforters --
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customers we only have a 9% market share that is up about 50% during our transformation with a lot of headroom for growth, so we are excited about that financially, we have invested in the important things in the business. in services and in digital presence, e-commerce, was up four times, so really a great story there, and and culturally, we are an agile and innovative team of diverse thinkers. people come to work at signet everyday and bring their best ideas, that is what we see. >> you also told me when you took the job, i have to first fix the balance sheet, how was the balance sheet versus when you came in? >> the balance sheet is in great shape, we have been able to more than double liquidity. our debt is in a very healthy place, our leverage ratios, so we feel great about what we have been able to do on that front but we feel even better about what that has enabled us to do. we have been enabled to invest
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in our stores and people and a lot of the capabilities, in digital and data, i was just talking about and those investments are not in any way exhausted, there is a lot more juice to squeeze from those, so i'm very excited for the momentum in the business and the trajectory and the future signet has ahead. >> so tell us about your successor. >> yes, so i have been in discussion with our board of directors for more than a year, about my eventual retirement. it has been a very disciplined governance blood process, they were having meetings and i was participating in developing the criteria that we were looking for, you know for more than a year, and we really wanted someone who was a retail expert, and, jk coming in behind me has more than 30 years of retail experience across a number of different companies and we wanted someone who had a track record of leading growth, which he does, in multiple environments and we
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wanted someone who knew how to leverage these investments, like services loyalty, and our capabilities, which he does, and we wanted someone who would both preserve and grow our culture, and he has a great track record on all of those fronts. >> you also know that the total return, for signet, and that s going to be very big shoes to fill, frankly. >> well, you know what, a company that is certainly not one person and his transformation has been broadly led, and i believe, that we have one of the very strongest teams in retail, and they are ready to welcome jk in, and they bring a lot of expertise, and they will bring fresh thinking, change is great for driving results. >> and my colleague wanted me to ask you, where are we in the engagement boom? >> yes, it is coming back and
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we have been predicting that based on covid, there would be a local, followed buy a three- year tailwind, we have begun to see that tailwind kicking already, we have just announced our earnings a couple of weeks ago, reaffirming our annual guide, and sing a strong back after the year, and a part of that for sure, is the inflection point that we have seen in engagements, all of our external and internal data says the three-year tailwind has now begun. >> i want to congratulate you for what job you have done for shareholders, we will wish you all of the success in the world, that you would have done a remarkable turn for a scoring company, and the ceo of signet jewelers, best of luck, best of luck whatever you would like to do. >> thank you so much i appreciate it. >> "mad money" is back after this. >> lightning doesn't just strike twice . >> thank you for taking my call.
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as a leading global asset manager, pgim has established a track record of helping investors capitalize on growth opportunities. pgim investments. shaping tomorrow, today. ♪ ♪ >> it is time, to start the lightning round. and right at this sound, and then the lightning round is on, are you ready, let's start with steve from virginia. steve? >> yes sir, this is a true honor to speak with you, jim cramer i truly enjoy watching
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your show. >> you are too kind. >> i am a member of the club. >> thank you, i appreciate that, let's go to work. >> so my stock symbol that i'm interested in is nano nuclear energy's. >> i'm aware of it, let's be honest, that company loses a lot of money, if nuclear energy is going to come back, it would be small form reactors and that would be the place to be. >> let's go to stephen from louisiana. >> and a big yeah from shreveport. >> i love shreveport. >> that a stock has been kicked around like a tiger. >> it is time to buy, then i just the middleman, i think the stock has had way too big of a hit, it is now selling at a below-market multiple. don't buy it all at once, buy in a pyramid style. and then wait for to come
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lower, truman in california? truman? >> it has been a while, jim, good rosh hashanah to you. >> same to you and your family. how can i help? >> and a shout out to my triplet nieces on their birthday. let's get down to business. >> you are lucky, thank you. >> i would like to focus on data energy center suppliers, it lends itself to say natural gas is the most likely supplier, for data centers, nuclear is great but it takes so long, and so much regulation overcome. data centers need the energy, 24/7, 355 days, with consistency. looking at our product mix or a peer play, natural gas exposure in the u.s., trying to find a heavy natural gas producer at a reasonable price with a viable risk and reward. and i'm looking at paying, and diamondback. >> diamondback is a little bit too much for me, we bought the
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old capital oil and gas, and we think that is a better when you have it from the club today and i think it would be better placed to do that one, thank you for the great well wishes. what's go to jonathan from pennsylvania. jonathan? >> and a big booyah to you. >> how are you doing? >> i am good man, when you were here, i will meet you at mccool's, and buy you dinner and a beer, but they give her all of the patients you have given me. >> i went there last year, you had a good call. how can i help? >> the company that i am calling about, it is a little pricey and the return on equity is a little bit below the return average i wonder if it's a problem that the return equity is a little bit below average, do you think that is a problem? >> i don't think it is much return equity, i think it has a huge multiple for its growth rate, and that is worrisome to me. i'm going to have to say we have to come back with something that is less
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expensive, let's go to jerry from new jersey. jerry? >> hello, jim. i have a question on arthur daniels from midland, as i have gone through, not as a short- term catalyst, i know they have faced a lot of complex challenges and so forth, that have been discussed in the financial media, that they could be construed as a valued trap. but there are some opportunities i see, in terms of it at a two-year low, >> you know what jerry i hate to say it because we are both from jersey, but i think it is the value cap, it has been there forever. i can put you in that one, we have to get something with more growth. thank you for your call. and that is the conclusion of the lightning round! >> the lightning round is sponsored buy charles schwab!
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went over the biggest winners in the remarkable third quarter, and it was obscure, a motley crew of 10 in stock that had more to do with power generation and rate cuts. we don't have any famous fast- growing medical companies or cybersecurity juggernauts, mini of which have been taken to a newfound hill to undisclosed location, the watershed, you know where i am finding the stocks, how about that last, that is right you want to find a former market darlings, take a look at the bottom of the s&p 500 for the quarter, the component that finished dead last for the quarter, down 49%, was none other than super micro computer, integral to the growth of artificial intelligence, let's iron here, investors have spent so much time thinking that they close their eyes, they will hit a home run, this last quarter demonstrated that if you backed the wrong ai horse, it can send
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you straight to the glue factory. supermicro is a good company even if it went to insane levels earlier in the year but at the stock market is going to have a long-lasting move, it is to be powered buy new stocks, not the old meters that are clustered around ai. and they will exhaust momentum, don't get me wrong, i still believe in ai but i believe in nvidia, own and don't trade it, i'm sticking with it as i see it dumped all over the place. why? i think nvidia could have a big year in 2025. even as i suspected the weakness could continue, but you can no longer afford to go on autopilot with the magnificent seven, those days are now over. those stocks had enormous moves earlier in the year, and it's time for fresh blood to drive to new highs. how about high-growth medical stocks, there is money managers that love these things but classic growth stocks like moderna, down 34%, and the medical device maker, down and moderna has been following up with anything big enough to mood
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decks, printed money for years, with its blood sugar monitors, essential for people with diabetes, now abbott has a cheaper version that is selling well and shareholders are worried buy the weight loss drugs will shrink the total addressable market and here is something telling, the fourth and fifth worst performers on the s&p, dollar general and dollar tree. at the beginning of the quarter, they had skyhigh interest rates, isn't that good news for dollar stores but not this time they now got some real issues, one, things to inflation, it has been hard for them to price things that a dollar. you were supposed to dump the dollar stores when the economy turns around, that happens. and most importantly, dollar stores have become victims of smarter shoppers, who know that they can get better bargains from walmart. walmart well back prices on thousands of items, sowing the seeds of destruction for the dollar store complex. dollar general and dollar tree have results as a bargains when
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it comes to their stocks or their merchandise, one thing is certain, wall street, the complex of analyst, money managers and corporate finance traders, they still act like the new losers will be winners soon enough, while the winners are all one-hit wonders. i say, dream on, this move could be here to stay. i like to say as always, on "mad money", i am jim cramer, see you tomorrow! this is "shark tank." ♪♪ (cattle lowing) my name is dan holtz. and i'm liz holtz, and we live in warren, vermont. and we're the founders of liz lovely cookies. ♪♪ (dan) liz lovely cookies are all-natural, gourmet, vegan, gluten-free cookies. they're the best you're ever gonna taste. dan and i are high school sweethearts. we've been together almost 20 years. you wouldn't believe the hardships
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