tv Mad Money NBC December 24, 2015 3:00am-4:00am CST
3:00 am
i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to try to help you find it. "mad money" starts now. >> hey i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends i'm just trying to make you some money. my job is not just to entertain but to on the job kate. call me at 1-800-743-cnbc or tweet me @jimcramer. they are over. underperforming stocks have now raised all the cash they need to reimburse their angry investors. >> that was easy. >> the tax loss selling has been taken. and that's how you get a day where the dow rallies 185 points. the s&p jumps 1.24%. and nasdaq declines. the sellers have at long last
3:01 am
you're looking at what happens when the selling stops since oil went higher for guide reason today. in crazy town when it goes higher it's positive. it's because of a decline in inventory. we got an astounding 5.88 million barrels. this market was off to the races. you have to wonder if the oil companies finally cut back to production enough. especially since it's so warm that very few people are burning the midnight heating oil. so now we have to ask which stocks are up artificially and which stocks have rally and staying power and what stocks went down today because they have been such fabulous performers in 2015 that they're right for profit taking as opposed to redemptions or tax loss selling. first let's understand the senate. a new year is always, always, always greeted with optimism. even if it's totally unwarranted.
3:02 am
disneyworld with my little kids and standing outside of the it's a small world pavilion the day after new years in 1996 screaming into a payphone to buy shares in alcoa, u.s. steel, because everyone was so optimistic about the economy's potential growth and i wanted to cash in on that. new years begin with new numbers and when we see the estimates that analysts put out expecting a boom i knew we had to grab for manufacturing and mining stocks with gusto. of course there's estimates and year much less robust. it doesn't matter though. that's how the game was played. i know this because i stood outside of the same payphone at disneyworld three years in a row. '96, '97, '98. not because i was tired of hearing it's a small world after all. it's not the u.s. where hope springs eternal, it's china.
3:03 am
don't hear that china is about to launch a stimulus program. because the new themes are hilarious. we're going to build plants in northern china. it would enable the dirty gasoline to be refined to cleaner american standards since their country's gas is responsible for one third of all of that big city pollution. it's old and decaying. and a massive build up in war planes and ships. particularly labor intensive aircraft carriers. i don't believe any of it. the government is content with the explosion of consumer spending. witness the incredibly strong numbers from nigh kea last night as china is the hottest market in the world for sneakers. particularly jordans. the regime likes the consumption of apple smartphones and coffee from starbucks. did you see the lines at the new starbucks?
3:04 am
they love that latte. i stay that if they're really planning a major stimulus you would see it reflected in the freight which would be soaring right now and not stock under 500. i would expect it to double by now. if this stimulus talk for were real china would need huge amounts of iron and coal and other minerals. if you're buying stocks like caterpillar you have until a couple of days in the new year where you can profit from the hope fumes, i don't know, maybe three or four days in the new year you start ringing the register. yes there's been that much tax loss selling that they're down that much. since all you ever heard this past year was cutting numbers caterpillar. downgrading joy. you don't spring up and stay up and i don't see any improvement
3:05 am
their companies. at the first week i would take the money and use steve millers admonition and run. anything coal or iron or steel. they can all bounce but i'm sceptical. these are all gotten sold coupled with the dreaded amazon. so the direct to consumer curse. almost all the branded merchandise can be bought more cheeply either online at amazon or directly for the manufactured self. big mark downs caused by access
3:06 am
taking gigantic share. this was the amazon quarter to end all amazon quarters. if we get a cold snap, if we ever get a cold snap and gasoline stays low you can own these stocks for a couple of weeks. now i do like the action and think it might have more staying power in the big industrials. i'm speaking here about emerson and dow chemical. they're ridiculously oversold and while they're not doing that well, they certainly aren't doing this badly. you can root around and find stocks more than just trades and i would include dow thanks to its terrific but bashed merger with dupont. lighten up people. that's a good deal. which brings us to the inevitable. the elephant in the room. oil and gas. i think that the redemptions for hedge funds were particularly agregous here in this sector.
3:07 am
number is an outliar because they'll keep pumping to make up for the decline in order to do as much damage as they can to their american competitors. i don't think they feel like they have done their job yet. they haven't seen many oil companies go under. they're still working. with the exception of marathon they haven't seen dividends get slashed. saudi arabia wants to wipe out our marginal producers so the longer they keep oil under $45 which is the level where these companies need to be profitable the more successful they'll be. at the same time by keeping prices low they make it incredibly difficult to drill in iran. that's a sworn enemy. they also know that cheap oil will do more to damage isis than 100 air strikes. to me that means while oil can rebound closer to $40 i don't think they'll let guilty or innocent -- let it go much higher. so you can enjoy the short-term bouts but if you own any oil company with a stress balance sheet i hit the eject button
3:08 am
big moves. i don't know how much gasoline is left for those two to go higher from here. but the limited partnership pipeline, these are different stories. this whole group is ravaged by selling ever since kinder morgan, kmi turned the world upside down with it's hideous 75% dividend slash. i say let these ride as the redemptions were insane in this sector. you have a chance to pick up real performance in the pipeline stocks. you know, i think you can own these for, i tell you, you might be able to own these things for five or six points if it's like a $40 stock. that kind of percentages are to be had. finally take note of what's going down today. what's going down, the companies with the best fundamentals but where the stock versus the biggest profits. like nike, the king of the dow which did report amazing
3:09 am
by a profit taking buzz saw. let these winners be taken down a couple of days and on the second to last day of the year do buying with them. why that day? everyone will have the same idea on the last day and you'll beat them to the punch by buying them the day before. so here's the bottom line. enjoy the end of the redemption and tax loss selling season. remember my frantic phone calls from its a small world though and let them ride for the next couple of weeks but do not overstay your welcome with the stocks i mentioned. the fundamentals are awful for every resource company. almost everyone that rallied today and once again i don't expect that to change any time soon. frank in new york, frank. >> booyah, jimmy. how you doing? thank you for taking my call and kudos to your staff. they are wonderful. >> the staff is amazing. have to do a shout out for tim and regina that can't be here
3:10 am
let me just say i wish they were here because they too run a great ship. how can i help? >> i bought black stone about a year ago. i'm retired. and of course i bought it at 30. ran up to 43 or 44 which was nice and then it backed down to 30. should by concerned? i want appreciation and dividend depreciation. >> no, you're fine. you need them to be able to liquidate some of their holdings and the stock market is unfriendly for the ipo market. i think you're fine in black stone. i need to go to chris in arkansas. chris. >> a big booyah to you from northwest arkansas, jim. >> i've been there and it's gorgeous. how can i help? >> my question is this, regarding sun edison and i know you're not a fan but the company has got work force adjusted debt, lower divet price, benefitted from a tax extension. in your opinion does sunedison
3:11 am
be double down. >> there's a chartest that works for real money. i'm urging you to read the stories by carrolton english who works for the street and does a story or two every day about sunedison and i don't like what i see. if this stock gets to 8 -- sell, sell, sell -- i'm not waiting for 10. how about bill in florida, bill. >> thank you for taking my call. and 65 cents and i was wondering should i buy more? >> no, don't buy more sprint. i think t-mobile started showing it's true stripes starting going up. i think it's going to 45. i want you to be in t-mobile. enjoy it. the fundamentals are for a lot of the companies i just went over.
3:12 am
and unlimited breadsticks but will it provide dough in 2016? find out. and i have a company you can set sail with and could bio tech present you with a happy and healthy new year? i have the bio tech bobble. after a tough ride in 2015 i'm taking a closer look at what's in store, so stick with cramer. >> don't miss a second of "mad money." follow @jimcramer on twitter. have a question, tweet cramer, #madtweets. send jim an e-mail or give us a call at 1-800-743-cnbc.
3:13 am
head to madmoney.cnbc.com. >> okay. what companies can we rely upon in this crazy town environment? you may not have noticed this last friday when the dow plunged over 350 points no one was paying attention but two companies reported extremely impressive quarters that morning. the first of these companies was
3:14 am
garden and longhorn stake. a couple of the smaller brands so what allowed them to go from $58 up to $68 in change? we don care about where stock has been. first of all for years we know that it's probably the most sensitive to the price of gasoline and while they didn't mention it on the conference call you better believe they're benefitting from the price when you fill up your gas tank. however i don't want it to sound like they're only driven by the dumb luck of oil prices. this company has been working for years to improve itself. you know what, i think the efforts are starting to pay off. that's what you saw in the quarter. they have been in restructuring mode going back to late 2013. that was spurred on by a pair of local activist hedge funds pressuring the company to unlock value.
3:15 am
for $2.1 billion. rolled out a ton of cost cutting and repurchased $1 billion of its own debt to clean up the balance sheet. perhaps most important the long time ceo whose leadership had been flagging near the end of the tenure announced he was stepping down in july 2014. a few months later starboard value, one of the activist funds involved here published a 300 page presentation talking about the way they were running olive garden. shareholders voted to elect all 12 board nominees suggested by the activist starboard and the new board appointed the company's excellent chief operating officer as first a temporary and then the ceo. since then they rolled out a whole new round of strategic actions designed to improve the business: he has worked to turn
3:16 am
property. they snuck right in and that was designed to own the land underneath the restaurants and lease it back to the parent company which is a smart way to unlock the value of the underlying real estate. four quarters owns the land for underneath 400 of their locations and they received $350 million in cash. as they're going to use to continue to pay down their debt load. so a lot of work went into turning things around before the company reported a stellar quarter this past friday at a time when the restaurants are flagging or struggling. sure they came in a tad light. same store sales only 2.9% clip. comparable basis but this company has what we really care about which is earnings growth. as they gave you a monster bottom line beat earning 54 cents a share when it came out i thought there was a mistake. that's how big this one was. more important they raised the
3:17 am
now halfway through. they raised the same store sales outlook and increased the quarterly dividend by 14%. dividend hikes still give you 3.1% yield and the board also authorized a $500 million buy back equal to 6% of the company's current market cap. talk about being shareholder friendly, this quarter had everything that you want. so where do we go from here? sure they reported a great quarter with better guidance but you know what, the stock has rallied pretty substantially. you have more room to run. you'd think the answer would be yes after all the things i told you but this is a difficult question to answer. on the one hand they rejuvenated the brand. the longhorn steakhouse is doing well.
3:18 am
back and this new management team developed a wonderful habit. however there is some legitimate worries here too aim store sales growth is decelerating. they'll be hurt next year. many of the restaurants is like that. minimum wage is all over the country and while the price of gasoline is insanely cheap at these levels, let's just say if oil ever makes a sustained move higher it's going to make the stocks. they may be running out of levers to unlock value. the activists here replaced management and spun off the leadership and pushed the core business and that is pretty much the whole activist play book. 9% of the company and now they have a 40% gain from where the stock was when they discovered the stake and maybe they decide to clear the victory.
3:19 am
very much i'd like the stock more on a market wide pull back. especially since it trades at 19 times earnings which is sizable to the likes of other that are similar you have to look at them as being the competitors. they seem to be doing everything right at the moment and i think stock is headed higher long-term but ideally you should wait for the next market wide pull back in order to buy it because you know what one thing we learned, we hate chasing stocks and that's exactly what you would be doing if you reach for darden after this monster run. much more mad money ahead. anchors away. could it be a blessing in disguise? i'm checking out -- i'm not telling you. see if it's a real winner. 2015 has been a painful year for bio tech but could it look healthier in the new year?
3:20 am
what stocks the market is forgiving and is now embracing. stick with cramer. silent night holy night sleep in heavenly peace sleep in heavenly peace 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. i take prilosec otc each morning for my frequent heartburn
3:21 am
3:22 am
3:23 am
one i teased you about was carnival. the world's largest cruise line as long as the price of oil stays down. it's $40 because cruise ships are real gas guzzlers. it's not one of the most. carnival also benefitted mightily from the magnificent turn around that's been going on in the last year and it's really just extraordinary. remember, 14 months ago wall street pretty much viewed the stock as road kill after a series of high profile disasters like the sinking off the coast of italy where 32 people died. to when the passengers were exposed to ebola like the down
3:24 am
ship caught fire leaving thousands stranded in the gulf of mexico with only a few working toilets. >> but with people obsessing what we're miss as good that carnival already started turning itself around thanks to the laip of arnold donald. he has been on the show and he's quite impressive. he has aggressively cut cost and streamlined the many brands and most importantly he has repaired it's reputation which brings me to last friday morning. when carnival reported a tremendous quarter. wall street was only looking for 42 cents and that's despite the fact that they took an 8% hit from currency issues. yes, indeed, the super strong dollar. there was so much going right with this quarter that i don't know where to start. let's try to pull eight part.
3:25 am
carnival cruise declined by 11.2% year over year thanks to streamlining initiatives but mainly because of the fuel costs down 45% year over year. beneficiary not in crazy town. at the same time carnival has been able to effectively raise prices. cost going down, prices going up. that's the holy grail of running a business. the net revenue yield is a hugely important key me trick that's the cruise line equivalent of revenue per available room or rev par in a hotel chain increased on the currency basis. much better than the 3% back in december and increased roughly 8 million shares. not bad for a single quarter since the stock was trading at or near multiyear highs for most of the period. that's a vote of confidence by management that the stock is cheap.
3:26 am
absolutely blowout guidance for the next quarter and the next year. forecasting earnings growth from 15 to 26%. and we can trust those numbers because we heard on the conference call carnival's cumulative advanced bookings are well ahead of last year and it's slightly higher prices too. plus donald says that they expect pricing to keep improving next year and talked about boosting the dividend. currently yield 2.2% and continuing to get the stock back. so there's clearly a lot going right at carnival. the stock rallied from $50 in change at the close last thursday up to 54 and at one point today the stock hit a ten year high before pulling back in the afternoon. does this mean we'll be chasing if we booked carnival at these levels? i don't think so. i would be a buyer of carnival right here. we know they might not last forever but if you're a believer
3:27 am
as so many are that's going to be a huge positive and i'm pretty sure that saudi arabia is committed to flooding the market with crude to put as many u.s. oil companies out of business as possible. but when they decide to cut back on production it's not clear to me that they'll be able to control oil prices like they used to because opec is broken and that's going to be positive for carnival's bottom line. even without the wind fall of cheap fuel carnival is doing well. you don't get to raise prices unless there's demand for what you're selling. we know that carnival is poised to enter the gigantic chinese market in 2017 which could give the company some nice multiyear revenue growth in addition to earnings growth that it's already generated.
3:28 am
the super freaking strong dollar starts to get weaker versus other currencies that would give the company a nice boost. you know what really clenches it for me though is the fact that right now carnival is selling for 16 times next year's earnings estimates. after the consistency this company is putting up that's too cheep. not after these compelling results. it should be higher. let me give you the bottom line. when costs are going down but you can raise prices that's anywhere vanna for business people and right now carnival is precisely that situation. carnival, i'm calling it a buy. let's go to richard in pennsylvania, richard. >> booyah, jim. boy did you have my back back in '09. i bought windstar. you were talking about it. my hair stands up on my arms. it's at $53. i bought that in '09. i sold that stock in '14 for 234
3:29 am
i bought over 100 k. i made 300 large. i was so excited. i got my money back my stockbroker lost for me over the last couple of years. did you have my back at that. it's at 68. what do you think of the growth now. >> i have been recommending mgm now. first congratulations. that's great. that's the one we wanted. i have been using mgm because it stratels vegas and mccauw. if he's upset i'm upset. i can't recommend it. john in florida, john. >> great show, happy holidays. >> thank you. merry christmas to you, sir. >> thank you. i have owned them for several years. at these levels, buy, hold, or sell? >> i am challenged on this. i happened to bump into him who
3:30 am
i think they're both cheap but i -- i made a residence lux not to recommend any cigarette stocks for fear that people would actually start smoking you can take the dividends and i'm not going to recommend the stocks on my show. i don't like what they do. dave in illinois, please, dave. >> dr. cramer from the land of lincoln and home of the world's busiest airport, thank you for taking my call. >> all right. that sounds like a good recommendation. what's going on? >> jim, we know you love delta and southwest but how about alaskan air. >> some cloud downgraded them yesterday. it turned out his parents just escaped from the old soviet union so i can't do that but alaska air is way too cheap. i know it's moved up a lot but i do like southwest. i do like delta but let's throw in alaska air. you have horse sense. it's time to set sell with carnival. the company is in the perfect position to raise prices but
3:31 am
that makes it a buy. much more "mad money" ahead. i'm telling you which stocks are recovering. then the market is in forgiveness mode. plus the stock calls is just ahead in a brand new edition of the lightning round. so stick with cramer. (cell phone rings) where are you? well the squirrels are back in the attic. mom? your dad won't call an exterminator... can i call you back, mom?
3:32 am
if you're a mom, you call at the worst time. it's what you do. if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. where are you? it's very loud there. are you taking a zumba class? enough pressure in here for ya? i'm gonna take mucinex sinus-max. too late, we're about to take off. these dissolve fast. they're new liquid gels. and you're coming with me... you realize i have gold status? mucinex sinus-max liquid gels. dissolves fast to unleash max strength medicine. let's end this. olay regenerist renews from within, plumping surface cells for a dramatic transformation without the need for fillers with olay, you age less so you can be ageless
3:33 am
3:34 am
>> stocks roared into the stratosphere and plunged back to earth after grand standing over the issue of rising drug prices. some gave them a lot to talk about but when you clear away the noise the truth is we witnessed amazing leaps forward and it's worth noting that the nasdaq bio tech's index has still dramatically outperformed the averages in 2015 so as we
3:35 am
on on 2016? regular viewers know that i'm a big fan of the companies i like to call the four horse men the true titans of the bio tech space. while there's hundreds of smaller companies including many that did this for the street 173 and a lot of these are working on revolutionary things these four players often have a hand in them and they're likely to command the most attention from the stock market next year. let's go through them one by one starting with bio gen which is down roughly 12% year to date thanks for concern about slowing growth in one of their big multiple sclerosis drugs. and the company seems to be addressing these issues. they announced a gigantic restructuring plan in the third quarter and it included plans to lay off 11% of the global work force. bad news for the employees but the $250 million in savings, well, it's very good for the
3:36 am
plus the company has new multiple sclerosis compounds along with clinical trials and compounds that treat alzheimer's. spinal muscular atrophy and another ms drug bio tech 16 times extra earnings which is why of course you can follow along and next up there's celgene. it's up $11 or 10% today after being flat for the year last night the company finally settled daf cut patent dispute over their drug cancer drug that gives them exclusivity into 2022 and puts volume restrictions on
3:37 am
that is incredibly important. since they currently make up about 60% of the company's sales. however, we know that they have made serious efforts to diverse diversify their business and might be the best in class treatment for everything and a whole of other auto immune disorders. even after today's run they trade at 21 times next year's earnings estimate. in a growth starved environment i expect the big money institutional managers to sal evacuate over this one. do not be intimidated by how much the stock went up. that's a sign that not everybody got their orders in to get all the stock they wanted. here's a stock up more than 9%
3:38 am
it was up 70%. and it's a business perspective is that eventually you end up with a lot fewer patience. one and done. great thing to have a cure but not a lot of maintenance. expectations are low and makes the innovative cheaper. that's insane. especially since awaiting fd approval on a new antiretro viral drug that treats hepatitis b. the stock reflects all the potential negatives but none of the positive which is makes it bargain.
3:39 am
this is the highest flying fastest growing member of the four horseman with a stock rallying 30% here to date and that's the company's terrific eye care drug that through. it exceeded management's forecast of 50 or 55%. over the summer they improved the game changing new treatment for high cholesterol. part of a new class of drugs people needed more help than traditional stat nts. phase three data company on their formulation for eczema early in the year and the fda to make a decision on whether to improve the company's new rheumatoid arthritis drug in the second half. it's more expensive than it piers. i think the growth potential here is terrific. i like the stock is more than 70
3:40 am
i also like amgen. the fda recently approved the new treatment. including a migraine formulation and new indicatings coming from existing drugs. finally for those of you that want a smaller more speculative play for 2016 i do like radius health. which is a frequent guest on the show. their lead drug candidate a treatment for osteoporosis is being reviewed by the fda. if all goes well they could do a billion dollars in peak sales. also a drug for breast cancer in phase one. and good data on this earlier this month. going into 2016 this market is going to be starred for growth and with so many sectors slowing bio tech is the natural place to
3:41 am
i bet the four horse men riding in and also like amgen as well as radius health if you want something more speculative for the younger members of the audience. "mad money" is back after the break. ugh! heartburn! no one burns on my watch! try alka-seltzer heartburn reliefchews. they work fast and don't taste chalky. mmm...amazing. i have heartburn. alka-seltzer heartburn reliefchews. enjoy the relief. man (sternly): where do you think you're going? mr. mucus: to work, with you.
3:42 am
3:43 am
3:44 am
this might give brick and mortar shoe stores a short-term list but do you think they'll get any long-term benefits? particularly i'm thinking of dsw. >> they have to get it together. i used to think the world of them. they need to fix things. let's go to louie in kentucky. >> booyah from kentucky. i read your book real money. i loved it. >> thank you. >> what do you think about westlake chemical partners? buy, sell, or hold? >> no, we want to own dow my charitable trust owns because it's cheaper and that combination with dupont is excellent. let's go to tom in michigan. >> yes, jim, merry booyah. >> merry booyah back. >> thank you. i'm calling in on car max which i have had. >> no, no, not car max. much better quarter than car max. you have to buy best in breed.
3:45 am
cat. >> hey, thank you for your crazy enthusiasm. booyah. >> got it there, booyah back. >> 67 years of hnr block stock. >> i don't think the quarter was nearly as bad as everybody else thought. how about john in new york, john. >> jamming jumpin jimmy. >> i like that. what's going on partner. >> you brother, all you. all you. i want to wish you, your family and a happy great new year. >> right back at you. thank you so much. >> you got it. my pick is what you told me two months ago. epd. >> epd, they're the first to be able to export oil. this stock is way too low. 6%. no problem with that dividend. i'm saying epd turned out to be
3:46 am
i need another. i'm not done because i'm not done. let's go to phillip in new jersey. phillip. >> hello, jim. >> phillip. >> how are you doing? >> i'm doing well. how about you? >> well it's rainy here but beautiful tomorrow. >> that's all that matters. >> i'm on the jersey shore. happy holidays to all of you on "mad money." thank you for the information you share and the advice you give. >> you're terrific. i'll be down at the jersey shore soon at my house in o.g. >> not too far. i'm calling about opk. >> the stock got slaughtered in the bio reference purchase. i think dr. fill frost has built a great company. i'm not giving up on it because he's not giving up on it. i'm take one more. i'm going to texas. >> booyah, jim and happy holidays from the great state of texas. >> merry christmas. >> merry christmas. i have been a big fan of john huntsman since the early 80s
3:47 am
3:48 am
by t.d. ameritrade. ugh! heartburn! no one burns on my watch! try alka-seltzer heartburn reliefchews. they work fast and don't taste chalky. mmm...amazing. i have heartburn. alka-seltzer heartburn reliefchews. enjoy the relief. we give you relief from your cold & flu. you give them a case of the giggles. tylenol cold helps relieve your worst cold & flu symptoms... you can give them everything you've got. tylenol when cigarette cravings hit, all i can think about is getting relief. only nicorette mini has a patented fast-dissolving formula. it starts to relieve sudden cravings fast. i never know when i'll need relief.
3:49 am
3:50 am
about and we're seeing it all over the place. cvs came out of an analyst meeting and raised the low end of the estimate range. it was an outstanding day but goldman sachs used the occasion to downgrade the stock and it might have been a consequence but did have huge impact. they got 97 to 94 in a straight line. i came out here swinging and said this was ridiculous and it was a terrific opportunity because it's better than expected and one of the best retailers out there. cvs were back above from 97 to 98 and went higher today on no real news. there's so much positive news flow going to come out on its tie up with target. cvs should have never been down to begin with and it will take you right back up or how about general mills which i call generous mills last week. on thursday they reported a miss
3:51 am
growth is continuing to slow despite the annie's acquisition d more nuralnd oanic staps. plus the sale of greeniant eir u.s. retail sales fell 4%. that's domestic. no strong issues there. but general mills continues to buy back about 30 million shares out of 593 million total and the ceo is talking up many of the big changes in the line-ups that could reverse the slowing trends. he gave a very vigorous presentation that made you feel you should own the stock and not sell it. although it fell immediately, a big move, i figure it will only be a matter of time before all was forgiven. they didn't give you that much time at all. the stock is back to where it was before the hideous quarter and then there's celgene. can you believe how many people have written off this stock? in the meantime the company is expected to earn $7.20 a year.
3:52 am
these 2017 numbers putting it at a discount to the average stocks and s&p 500. maybe that made sense when people were worried about the patent challenge and made that 720 cent figure stretch. it's not a joke. but all of that is over now that they made a deal now that gives them 7 more years of exclusivity on the recent drugs. now it's for real and the stock soared up $11 or 10% today and i don't think it's done. what could be the best to rebound? costco got the short end of the stick and the short reading which i dig because my charitable trust owns it tells me that any weakness can be explained away. the stock fell from 168 to 158. it starting to make a come back. i suspect it will clear the mid 160s in a very short period of time. quality retailers don't stay down for long. one more, this is a stock that sank from 109 down to 101 from what was supposed to be a bad
3:53 am
they have a huge overseas business that made the earnings come in weaker than expected thanks to the strong dollar. this is a high quality company and all the business lines did quite well. everyone is so used to seeing them blow away that quarter that they didn't count as much as they could have. both have hair on them. certainly more than cvs but on the other hand they're doing so much better than general mills it's silly to compare them. they'll be the first to be forgiven next and the markets are starting the process of rehabilitation. that's to be expected with a one off sell in a stock of a terrific company. we'll get them talking about the nike. stick with cramer. good thing geico offers affordable renters insurance. with great coverage it protects my personal belongings should they get damaged, stolen or destroyed. [doorbell] uh, excuse me. delivery. hey. lo mein,
3:54 am
chopsticks, soy sauce and you got some fortune cookies. have a good one. ah, these small new york apartments... protect your belongings. let geico help you with renters insurance. covergirl is the easy way to draw attention perfect point liner smudge with sponge-tip to create a smokin' kitten eye lash blast mascara adds an instant blast of volume add a pow to your brow! wow! from easy, breezy, beautiful covergirl enough pressure in here for ya? i'm gonna take mucinex sinus-max. too late, we're about to take off. these dissolve fast. they're new liquid gels. and you're coming with me... you realize i have gold status? mucinex sinus-max liquid gels. dissolves fast to unleash max strength medicine.
3:55 am
40 Views
IN COLLECTIONS
WHO (NBC) Television Archive Television Archive News Search ServiceUploaded by TV Archive on