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tv   Mad Money  NBC  January 21, 2016 3:00am-4:00am CST

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field for all investors. there's always a bull market somewhere. i promise to help you find it t. "mad money" starts now. hey, i'm cramer, welcome to "mad money." welcome to cray america i'm trying to save you money. my job is to coach and teach. tweet me @jimcramer. it's not panic, it's methodical. it's not nuts, it's not erotic, it's in sync with the rest of the world. there lies the problem with today's climate. one point, the dow plunged 566 points down to levels not seen since february of 2014. and then we got on our rocket ship to where we were close to breaking even before getting one more bruising selloff into the close. dow travelled all over the place
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nasdaq dipping .12%. let's put things in context. we're down 9% for the year. awful and painful development for all of our viewers with nothing in the market or those who are shorting the whole shebang. around 1:00 p.m. we were down 12% for the year. but here's the big but. it may not be hideous enough. in fact, all that decline means is that our stock market is in line with the other markets around the globe. given money managers are global in nature and make decisions based on the stock markets of entire countries or continents, many of their macrooriented investors it makes sense we should be down as much as we are. maybe we should be down more. why? almost every other country in the world has central bankers and politicians trying to stimulate their economies. while our federal reserve is trying to figure out how to slow down our economy.
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it's so ridiculous. while the world is in crisis mode and every other central banker on earth fears a recession, our fed wants to slam the brakes on our economy. it's almost too absurd to say. especially since there were actual real people, at least they looked like real people who came on our air and said it would be good for the economy if the fed raisis rates. quick, find me one of these people. i want to interview them right now. i want to see how they're feeling. why the fed fiddles, we have smart investment managers men like ray dahlia who runs billions upon billion dollars and runs them well. saying this very morning that things could go totally conphooey here if we aren't careful. >> the problem last year is that almost all assets in the worldld went down in value.
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without producing a depression. >> a depression. i don't even want to ponder that word or bring up the notion. still, though, the fact is, that back in 1937 the fed thinking the coast was clear, like it does now, raised rates, and created what's known as a recession within the great depression. we were pulled out of it by world war ii and the need to rearm the nation in order to become the arsenal democracy for the rest of the world. there are so many individuals who refuse to accept the parallel when the fed tightened in december without considering auto production, housing and retail sales were all clearly peaking at the same time that the oil patch was doomed. fed was wrong. it's okay. now this market is fighting for its life. the economy might not be far behind if the fed doesn't somehow repudiate comments made as recently as last friday by new york fed president b bl
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dudly saying everything is hunky dory and we've got to bring on the rate hikes as planned. planned? this is all planned? but don't forget the depression scenario could play out overseas that could drag us down. which is a real problem. our market simply doesn't reflect that potential stress. i could argue for example japan which is down more than 20% from its highs is not that much worse off than we are. we could sink to their level if the fed doesn't pump more liquidity in the system instead of sucking it out. i could contend that germany which down 12% for the year might be better off than we are. europe is easing and germany's numbers are good. frankly, the germans should have a better stock market than ours. tomorrow we'll hear from the european central bank about its move to get the continent moving again. this press reports will probably reporting on can exactly what's going on when we hear our jobless claims. which i bet could show a spike
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judging by recent lof layoffs. the german stock market that peaked in april has fallen down 9,391. a 24% decline. right now we are far from those levels. i could go a step further and argue that germany's is a much bigger beneficiary of oil prices because they don't produce oil. because of stress in our oil patch. they don't have an oil patch. the germans do have an immigration issue and that may cause them to break their discipline and pump money into the economy to feed clothe and house the refugees. finally german will be the biggest beneficiary of the return of iran. 77 million people have been left out of business for a decade. why is their market doing worse than ours? either we should be lower or they should be higher or both. remember, the people who control investments the trigger pullers
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around the world look at countrieieto place money these days. we seem expensive versus these other places because our federal reserve's fight fisted policies. you'd probably be shorting our stock market, especially with the distressed oil loans about to go burst and going on germany. probably doing it right here. what else makes us feel it's not in panic mode? the charts. we bounced around today, buyers came in. i wish they hadn't. we can't get the washout, the sellininwe need to be able to banish the weaker hands. have all the selling dry up. no technical relief. how about earning season? i got to tell you we're seeing something disconcerting on the earnings front, it's brand-new. last year, when we looked at quarterly results from overseas for a big national companies we get two sets of numbers. first was the artificial numbers, the one with the hits from the weaker currencies, the second was the real number.
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if the dollar stayed constant. we loved the comparisons. this year that's changed. the iconic ibm reported number last night that included a $1.2 billion currency hit. you back that out, the number is respectable when you consider the analytics and cognitive business are doing well. they make up 35% of the entire enterprise. nobody bothered to back any weak currencies versus strong currencies out anymore. there is just one real number and it's real bad. nobody cares about what a company would have earned if the dollar stayed constant. it's a huge change and it's not good for earnings. that's doing a couple things to the market. it's making people want to run for domestic stocks a handful of which traded today. united health reported a good number. it's entirely domestic. second, the currency issue is making our stock market look too expensive.
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if you start using the real number and don't back out the weak currency you'll judge the s&p 500 as rich. 17 times earnings versus previous lows like thehene in 2011 when we were at 10 times rnings at the bottom or 2013 when we traded down to 12 times. stocks aren't yet cheap. they're stick in no man's land. we need to see something, a few checks on the check list that will go over after the break. especially anything from the fed indicating the day two for your recession before world wide investors are going to feel comfortable about plunking their money down in the good old usa. mike, in new jersey, mike, mike, mike. >> caller: hey. jim, mike from jersey. sure you're familiar with the area. >> down a block, what's up? >> caller: awesome. despite the changes in the market when a power house like walmart starts closing stores and the stock has been down,
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position with walmart? >> i want walmart to take action they've been adding stores never even thinking strategically about what's the right thing to do. second, i like walmart's yield which isisafe. i ththk that the company i i doing the right thing, 3.2% yield. i would love to see it back in the high 50s. you know what, if you want to establish a long term position in walmart and bought a quarter tomorrow i'd bless that. i don't think the stock is going to go down to the low 50s anymore. kevin in new jersey, kevin. >> caller: thanks for taking my call. yesterday you were talking about sticking to your convictions. i believe in the cheniere energy long term ststy. i've taken a 60%0%ath in this so far. is it my humorous that's keeping in it for long term? >> i think the lng market is the author of the domino effect is a very crowded area.
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it's going to be very tough. i lost faith a lot of faith in the company when sharif zuky left it. i think that they ban whatever the heck happened. i miss sharif. the shareholders do, too. i am not a fan of lng anymore. and i haven't been since they booted sharif. which shouldn't have happened. today's selling was not panic, it was methodical which makes the market so treacherous. another day, another roller coaster ride on the averages. thousand point trip, i made a list and i'm checking it twice to see if this market will find a bottom. t mobile and verizon still the strong single in the top market i reveal. you can't seem to give crude away. i'm taking a closer look at the all important commodity. why don't you stay with cramer? don't miss a second of "mad money," follow @jimcramer on twitter.
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when are we gointo find a way to get a real bottom, not an oversold rally based on key levels of support like we did today. sentiments is about as negative as it's gotten. sentiment can't cause a rally. something fundamental has to change. earlier this year, i put together a check list of what needs to happen before we put in a genuine bottom. i didn't say everything on the list had to happen. i indicated some boxes had to be checked off before we could take any rebounds seriously or hold out for one. that check list was wildly popular, so i'm going back to the well to see how the market is doing. unfortunately once i go down the list i think while a bottom has been elusive. we needed a change in the narrative that it's time for rate hikes no matter what because things are good in this country. all i can say is the president in chief executive of the new york fed, the most influential person just last friday said it's all systems go on the u.s.
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econony and they need to tighten. ititas a flabbergasting speech. it was integral to this round of selling. did you know today we saw the stocks that do best in the recession, healthcare and consumer products companies start to out perform. that happens when people believe a severe recession is on the horizon. i said we need the political uncertainty to resolve itself. whoops as we head to the iowa caucusus, i feel worse than ever. you have to self-professed socialist doing incredibly well being taken seriously in his battle against the person who is supposed to be the anointed democratic nominee. iowa is supposed to be a coronation for hillary. now it's a dog fight. each candidate trying to out bash the other when it comes to wall street. regardless of your political beliefs that obviously is not good news for the market. on the republican side, donald trump, the presumptive winner is
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running as a populist. he's no friend of the rich. there is more uncertrtnty than whenen first put this list together. china has gotten worse. data has become negative and their stock market is in bear territory. no relief at all unless to say it's so bad they have to offer a stimulus package thesis.
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the tooth. we wanted to say a healthy mna market. when i asked the guru this morning about that question he said there's been a decisive cooling in the takeover business.
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no wonder goldman sachs saw the stock get hammered. people think the time of deals have peeked. we wanted the return of a healthy ipo market. forget about it. the ones that came at year end are falling apart y. was afraid we were seeing real peaks in the economy. take a look at the stocks of car max and auto nation, two big auto retailers that are bumping along their lows. you got to believe that sales are soft. maybe really soft. you got extremely weak housing start number today. they're getting hit. i was shocked at how bad that performance was. i wanted to see a worsening stock market sentiment. we're the most oversold we've been since the european collapse in 2011. we have the highest number of bearish news letter writers, ages there, too. maybe checkworthy, maybe not. 13, we wanted to see each the tech leadership, off of it.
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crumbling, including netflix which was up 12 points, then reversed and finished down $0.15. however, today, fang put up decent performance versus the rest of the market. i have to admit the semi conductors were in full blown mode. we need to be expansion of the favorite stocks list. domestic companies with no strong dollar exposure that could benefit from lower gasoline prices. it hasn't happened yet. we see takeover rumors moving the group. here's the bottom line, you eye ball the boxes other than the negative segment you can't make the case we have any other box checked. it doesn't mean we can bounce. however, it does mean that even though we've touched the l lest level for the dow and the nasdaq since august and on track for the worst month since 2009 we have a lot of box checking to do before we can make a case that a
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real bottom will be put in, not merely some sort of trading opportunity. much more "mad money" ahead. even in a tough market i'm on the hunt for high quality players worth investing in. don't miss my interview with the ceo of oracle. you might need to phoning a friend. is it time to call up qualcomm or maybe you need capital appreciation. oil hit $26 a barrel. find out why a trip to your grocery store can help you understand why. stick with cramer! i asked my dentist if an electric toothbrush was going to clean better than a manual. he said sure...but don't get just any one. get one inspired by dentists, with a round brush head. go pro with oral-b. oral-b's rounded brush head cups your teeth to break up plaque and rotates to sweep it away. and oral-b delivers a clinically proven superior clean versus sonicare diamondclean.
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one still one more hideous day at the office. where the average is just collapsed in the morning. before rebounding smartly in the late afternoon. and of course fading near the closing bell. i'd like to use the craziness as a teaching moment to talk about generational investing. i'll ask -- this too shall pass. what kind of companies am i talking about when i compare investments for young or think young and can handle risk versus older folks to make up for losses. how about the big gloriously all american telecommunications companies? your wireless provider doesn't care the foreign markets are falling apart or the price of oil. their subscriber count isn't
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going to be hurt if the fed sticks to its plan to raise interest rates four times this year. even if the economy goes into recession the phone companies will be totally fine. and it's real hard to even cancel a contract with them, not that you could afford to do so and live without our cell phone for a second. i think they all have pretty solid revenue streams. i'm excluding sprint for the moment. stick with me, that's the icing on the cake for this trio. i believe 3 of these big phone companies can see the stocks bounce back. you need to ask yourself a question. which wireless stock is right for you? at the moment you're getting big discounts in verizon. 5.1 yield. i'm talking about the high flying fast growing t mobile. which is now down 14% from its highs.
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it has gotten attractive on its growth prospects. i'm going to ignore at&t. i'm going to deem sprint uninvestable. leaving verizon and t mobile as what i'll talk about. should is be verizon or tee mobile? there's no correct answer to that question. my instinct is to go with verizon. it's an enormous dividend to protect you. you might get a better buying opportunity. this market tends to be a harsh judge of earnings. take a moment to pop o o heads out of the fox hole and stop being terrified. the real difference between verizon and t mobile depends on your risk prile. if you're young and looking for something that's high risk with greater potential, this could be your chance to snap up t mobile. the unmobile carrier. if you're more risk adverse and
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want a stock that can aid in capital preservation and give you a consistent income stream with a potential for dividend boost down the road, go with verizon. these two companies may be in the same industry, comparing them is trying to compare apples and oranges. verizon is the big daddy, 110 million wireless connections and not to mention tv and data business. as well as a major push to deliver wireless video via its recent acquisition aol. it mobile is the uncarrier a company with a irreverent cece who is trying to redefine the industry and take market share by giving customers more appealing service agreements. verizon is still adding plenty of new subscribers, up 1.3 million. the number was down 15% year over year. competition from t mobile is
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pile. their total subscriber account is 62.2 million. t mobile has done fabulous at signing people up. less good at keeping them. post paid churn. verizon has a higher revenue per account. $152 per account. that figure is declining from competition, t mobile. i often think what would happen if verizon talked to me and you and your company about how it could help you do things, make your business more personal. they could kill it. they know everythingbout you and me and do nothing with t. put it all together and verizon
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the first quarters of 2015 with solid earnings. t mobile is much faster revenue growth. upup1.2% over the same period. that figure seems to be decelerating. at the same time, verizon's numbers are more consistent. t mobile is likely to surprise you to the upside. in short these are two different companies, they have two very different stocks. over the last 12 months, t mobile has trounced verizon. 27%. verizon and the s&p have fallen 8%. however, it's worth pointing out ever since 2016 began and the market fell apart verizon is holding up better than t mobile. theyeye paying to wait for ings to get better with the 5.1% yield. mobile is still a growth company. that growth means t mobile can
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verizon sells 11 times. if you want another way to understand the difference, t mobile is a high beta stock. meaning it tends to be substantially more volatile than the overall stock market which is saying something. verizon is known as a low beta stock. much less volatile in the broader averages. it's much more bond market alternative. one thing you need to know while verizon has buttoned up, t mobile is relentless in spoofing the competition. they came up with a drinking game for you to play while you listen to verizon's quarterly conference call tomorrow morning. a little early in the day. take one drink every time they say the young people or take two drinks every time they talk about monetizing something or someone. according to t mobile their poor customers. more important best for last. t mobile stock -- if it doesn't go higher it's going to be taken over. somebody wants to crack into the
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don't be so judgmental. i got to tell you, if you looked at that stock of sprint? it's debt load is worse. looking terrible. i bet it won't be able to keep up with the others in terms of buildout and quality. that's where the payout may come when the foursome become as threesome. if you like most people right now feel like you should be focused on capital preservation, verizon. verizon reports tomorrow morning let's see what they have to say. i wouldn't be surprised if the stock gets strammed. jeremy, in can ask, jeremy. >> caller: howdy, jim. >> what's up? >> caller: i just got a quick question. as a young married accounting
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student, should i invest in my company darden stock due to the fact i get a discount? >> two things, one is absolutely yes because i always want those things to be discounted. i like them very much. don't put too much in darden then you'll have a situation where something go awry you could get hurt. i want you to contribute. in this environment, the industry is as safe e it can t. if you're focused on income, go with verizon. much more "mad money" ahead. things got chillier than usual in davos today. we compete against two giants who frankly are dinosaurs at this point. >> you're not going to want to miss the response to that. how a lessen from the supermarket tells you about this historic -- i'm talking about historic oil price. hint, do you know what bogo stands for? i'll take your questions after
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at what point does it become safe to start thinking about buying a high quality software company like oracle with a cheap stock that's been obliterated over the last seven odd months. we know their legacy business has been challenged. under the leadership of the ceo the company has been making a push into the cloud. in the last quarter, 38%. management thinks that could climb to 50% in the next quarter. they have been hosting a serious of events all over the world with the goal of educating existing customers about their cloud offerings. the latest event took place in new york city today. mark hurd, the ceo of oracle is joining us. i understand you're talking
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your cloud business growing 59%. the next quarter even faster. how can you have accelerated growth? >> we've -- our cloud has grown. and as our revenue has gotten bigger, actually, our growth rate has accelerated. there are a couple reasons for that. one is technology. we've done a lot of engineering, we think we have the best products. our sales force has gotten more accustomed to selling cloud. as we've done it we've gotten more references. and references and sales. customers like buying from other customers and the combination of that has led to great yes. >> what gives you to surety. we look at the stock market and we think economies are falling off a cliff. that kind of generation would indicate not only is oracle doing well but maybe thinks aren't so bad? >> a lot of the revenue we're forecasting we have already bought. it's a provision of delivering it.
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today. the more important thing is bookings. bookings which will be done in the current period. we expect to have strong growth in the quarter as well. it's important to point out -- this is not necessarily cannibalizing customers that you currently have. >> very, very tiny parts of our cloud bookings have come from our traditional applications on premises support business. >> should we be concerned if oracle shareholders you have a tremendous on premises building that will -- actually go down as you win more business in cloud? >> it's a huge advantage. the fact you have an on premise capability and a cloud capability and having those two things work together is a huge advantage. what customers want is to take advantage of parts of the cloud while they still have an on premise capability. they'll have that for years to come. the ability to move work loads back and forth is a huge competitive advantage. >> margins on cloud versus on
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premises? >> just as good. >> give us a world view. your a dominant company world wide. some areas you always dominated emerging growth. it seems to be pulling back to some degree. ololand new world, how you doing? >> i think we're doing well. i mean, we obviously you've talked about our cloud growth. our cloud growth continues to accelerate. i don't try to get into the world economy too much. that's what you do. our job is really given the hand we've got in the economy to gain market share. and that's what we're doing. >> let's talk about that. earlier we had a neil bush read, one time owned a company you guys purchased. was speaking from davos. i'm going to show you a clip. i know that cloud battles and human capital management are fifice. can we see that? >> we compete against two giants in oracle who are dinosaurs at this point but they've been around a long time. >> workday calling you a dinosaur. >> i assume that to be a
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negative connotation. but if in the context of that connotation, he's describing that we're losing, then that would be wrong. >> okay, he has said to me head to head, he wins. that's incorrect? >> we win more deaea than they do. head to head. >> head to head. >> taking any clients from you? >> we've won clients from them as we announced last quarter. they've won clients. it's a fight. but any confusion that we aren't beating them let me clear up now. we are. >> okay. fair enough. can you turn off the oxygen so to speak on work day or other companies that are trying to nip at your heels? >> let me give you a bigger picture. work day, which this guy is running,g,s basically started as an hcm company. human capital management. there is another part of what you would think of as traditional back office functions which is erp. financials, et cetera.
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they've gotten into that part of the market. i think they claim to have 120, 130, 140 of those erp customers today. we have over 1,650. i want to do that math again for you. it's about ten times the size and growing what they have today. >> all right. let's talk about the stock itself. $10 billion in n n in cash. 50 plus billion dollars because you did a bond offering. you bought back a lot of stock. in the interim because the market is so tough, your stock hasn't reflected other than a spike up. what all that buy back has done. given your cloud emphasize which is fast and the buy back why do you think the stock has been 12 times earnings before sales force, microsoft at 18 and sap at 18? >t's a transition. we've invested in thth transition, rnd, building
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capabilities. we've invested in sales and marketing to do everything i just said. to be able to generate the sort of growth that we've described. that growth now accelerates as you earlier described from q 2 into q 3 and 4. the stock takes care of itself. it's been very important to invest into this. we think this is a generational change. we want to be in the leading edge of that. >> i want people to understand what oracle does. ambev, budweiser you do customer work for them. ual, another one we all know. they call you in, what do they do? >> so if you would think of oracle in its traditional business we would do their data management. what you would call their data base business. we now sell the computing infrastructure that houses both that data base and middle ware. we have a large applications business. that business now is shihiing very dramatically to the cloud. where we've invested heavily as
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well. >> okay, to go back to this notion of the triceratops it would seem you would be more nimble even though you're a gigantic company. >> a trick with leadership is for skill to be an advantage. we have invested in rnd it's over $5 billion. i think our yield for the rnd has been significant. we have the ability to have broad distribution which we have as well. we've invested in both to take advantage of what we think is a tremendous growth opportunity. >> last question, everyone know s larry elson. owns 30%. you talk to him much? >> do i talk to him much? >> yeah. >> every day. >> every day he's still very much involveve
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we have great team. it's mysel larry, by the way i want to make sure i'm clear. a lot of people talk about larry, we have a great team at oracle. >> this team sounds optimistic about the world which is important. >> we're optimistic about the world and oracle. we've done the work that a lot of -- these transitions into these generational changes they're tough. takes a lot of talent and patience. i think we've done that. >> all right. thank you so much. mark hurd is the ceo of oracle. great to speak to you.her. a mouthbreather! how can anyone sleep like that? well, just put on a breathe right strip and pow! it instantly opens your nose up to 38% more than cold medicine alone. so you can breathe and sleep. shut your mouth and say goodnight mouthbreathers.
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>> it is time. it is time for the lightning
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round. you say the name of the stock. i don't know the calls or the name of the stock ahead of time. i tell you whether to buy or sell. we're going to start with max in new jersey. >> caller: crarar boo-yah. okay, my man i want to know are you a believer in elon musk are you a buyer of solar city? >> i ain't going to play solar city. you kidding me? we've got first solar to go down that path which is a company that has a good balance sheet and doesn't rely on the government. courtney in texas. >> caller: hey, my question is is it a buy for a long term investment. >> which one? st. mary's no. no. we're not recommending any of these oil stocks fossil fuels we're just against it. the new plan for the next 30 years of this show. let's go to rocky in new york.
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rocky. >> caller: hi, jim. underarmour, they've been up 116% over last year at this time. my question is underarmour going to be stuck this quarter? >> i've been working on a police involving them, columbia sports wear, these are companies that have been hurt by the warm weather. i also think that something will feel that kevin plank is using share. i would defer to damon john. i would be willing to put a quarter of a position on and wait for lower prices. john in north carolina. >> hey, cramer big u.s. army boo-yah to you. >> thank you for serving, back at you. >> caller: hey, with the impending g quisition should i own key? >> i like key, i got to tell you people don't want banks that have energy exposure.
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we have to check whether they have ohio. utica exposure. we're inviting beth moody back on the show. let's go to joe in new jersey. joe. >> caller: hello, cramer. appreciate all that you do for us in this tough market. >> welcome. >> caller: i already own rite aid. i'm looking to add to my position with the merger, hopefully taking place. >> i like it either way i typically don't say this. you're a winner either way in that merger. i think rite aid is a winner. let's not stop there. why don't we go to alex in alabama. >> caller: boo-yah and roll tide, jim. >> roll tide, love it. >> caller: tesla, sell, right? >> no. no. if i say sell tesla my daughter will be like, you got to buy me a tesla for graduating college. dream on.. i think that tesla is a stock that's will never be -- i'm not going to discourage them even
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though i think it's expensive. chris in california. >> caller: good afternoon, jim. i'm looking into buying chipotle? >> i think they're going to come back. even if my executive producer shows me pictures of ones that don't have a lot of people in them. i've been there and i'm still fine, aren't i? this is the deal, they're not going to have a good quarter. buy a little closer to 400. do i bieve in chipotle? i do. i say that even though i'm on one of the worst cleanses imaginable. they're making me hold the kale and the smoothie. that, ladies and gentlemen is the conclusion of the lightning round >> announcer: the lightning round is sponsored by td ameritrade. check this out, bro. what's'shat, broheim? i switched to geico and got more. more savings on car insurance? yeah bro-fessor, and more. like renters insurance.
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more ways to save. nice, bro-tato chip. that's not all, bro-tein shake. geico has motorcycle and rv insurance, too. oh, that's a lot more. oh yeah, i'm all about more, teddy brosevelt. geico. expect great savings and a whole lot more. you're getting 3 here. alright? here goes. p. [ crunching ] oh! cheddar, sour cream & onion, and salt & vinegar. wow! wow! how did you do that?! i can see through the blindfold. [ male announcer ] pringles! let's get these dayquil liquid gels and go. but these liquid gels are new. mucinex fast max. it's the same difference. this one is max strength and fights mucus. mucinex fast max. the only cold and flu liquid gel that's max-strength and fights mucus. let's end this. olay regenerist renews from within, plumping surface cells for a dramatic transformation
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today, is bogo day in the oil market. don't know what bogo stands for? check out these two cereal boxes. when i first heard the term, it was thrown around by a food analyst. bogo is a retail term of art. it means buy one get one. that's right. buy one box of cereal, and get the other box for free. when any food or consumer products company in general is in a price war, usually one of the combatants resorts to bogo to annihilate the competition. nothing strikes more fear in their hearts than a buy one get one price war. right now, oil is caught up in a
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total huhuinger price war. i'm like when the consumer price war is killing the stock market. you see when iran sanctions lifted came back online this weekend, it wasted no time trying to take market share from all the other producers out there. particularly nigeria venezuela and saudi arabia. it's cutting deals some are saying buying one tanker filled with two million barrels of oil and getting a second tanker for free. the cost of the iranian oioiis well beyond the $13 barrel you'd be paying. nigeria is unsteady. venezuela has been decked by miserable political leadership no refinery wants to deal with that country. no wonder venezuela petitioned today for an emergency opec meeting. good luck with that. there isn't an opec car tell anymore. that ended in december the saudis have become opponents. the iranians would love to take
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away business from the saudis. the saudis have lower production costs than the iranians. it's something that happens when you haven't been able to improve western technology. we should all be jumping for joy that the price of oil is coming down. we can't because even though the big banks are signaling consumers are spending their spare change. the only winners seem to be the convenience stores that sell monster beverages and of course any kind of beer. the losers are all the oil producers, the high cost producers in the united states. especially the companies that have hedges coming off on 2016 and trying to cover debt payments made when prices were much higher. world dutch, after reporting a horrible quarter, they're doing the best to defend their dividends. but the small to midsized
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defend their very existence. hedge funds tired of just successfully shorting the stock are turning on the bank stocks that lent money to the producers betting the loans will go sour. it's like a good war meaning it's good for nothing. when oil sinking to $26.55 today, down $2 going lower tomorrow. we've got a whole lot of nothing going on. stick with cramer. here in the city, parking is hard to find. seems like everyone drives. and those who do should switch to geico because you could save hundreds on car insurance. ah, perfect. valet parking. hello! here's the keys. and, uh, go easy on my ride, mate. hm, wouldn't mind some of that beef wellington... to see how much you could save on car insurance, go to geico.com. ah! (car alarm sound it's ok!
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i've got two reasons to take care of my heart. that's why i take meta. meta is clinically proven to help lower cholesterol. try meta today. and for a tasty heart healthy snack,
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new technologygys helping cars get smarter. we'll show you how vehicles are learning to communicate. and one couple from arkansas just found out their adopted daughter had leukemia. we'll show you what the community is
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wow, rally in the semi continues all the the closing. the stock explodes 10%. this is going to move things if another semi doesn't screw it up. there's always a bull market somewhere and i promise to find it for you right here at "mad money." i'm jim cramer.
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