as far as alcoa goes, if you believe in the global growth story, and i do, i think alcoa has a lot ofun as well. > >why have these 2 decided to not get caught up in the rally? > >alcoa was a big function of the world economy not doing well and that's starting to change right now. ibm i think is worried about their products and how they're gonna be able to fit into the future tech boom---maybe the cloud area. but they'll figure out a way. ibm has been around a long time and for good reason. > >what's your confidence level as to the strength of the economy with these 2 stocks? > >getting better and better each year---each month i should say. the economic numbers we have been seeing of late have been getting better and better. the last gdp, a nice revision to 4.1%. i think that will continue. you might have a drop in the 1st quarter of next year but i'm not too worried about it. global growth seems to be starting to pick up especially in europe. if china can maintain its level we're gonna be in good shape. > >are we vulnerable to backwards---maybe a little bit of a slide in 2014? > >you'

alcoa makes aluminum glass shields for battle bound cars.t" sequel ranks number one again in the u.s. and canada. it raked in $31 million. 2" opened a second. >> and we have not seen it yet. as we had to break, it is time for today's pulse number. that is how much the world's richest lottery has paid out in spain. gave 400,000ize euros per ticket. it is a welcome reprieve for spaniards from brutal economic problems. ♪ >> welcome back to "the pulse," live on bloomberg television and radio. >> to the markets. a little lighter on volumes, but let's see what is going on. caroline hyde is going to tell us. >> we are still holding onto our gains at the moment. spain just heading into the read. overall, we are still higher. the dax up by almost 14%. the ftse 100 also trading up. a bullish sentiment. the imf optimistic on the united states in terms of growth. they say the budget deal in washington, the federal reserve starting to taper, that removes an awful lot of uncertainty. of course, the data backs it up. third-quarter gdp of more than four per

many old he is a miserable start to sell from home is an organization including alcoa to do is seeking to impose a shriek with a snorkel and study the boys a dog once again it's been great to see if the futures serious christians who make up ten percent of the population and a serious threats. destroy the ongoing prosecution assyrian christians by islamist militants sought complete contentment on sunderland echo few other world leaders is the canal on the flight. zion here in washington but seemed to be center for the performing arts has teamed up with jewish music group from music that had tory attack. to create a special hanukkah events designed to celebrate the role of the clarinet in jewish music. through music and prayer that was founded by charles and robin krauthammer. mr krauthammer says that their goal is to bring jewish classical music to a larger audience the music the line and expanding people's perception of just what constitutes to this music. there are elements of jewish kosher jewish museum of. there has to sue a new occurrence. no discovered them play. we want to bring

in this particular case, the alcoa building, the structural members are on the outside of the building. so you can see it right away. what's the danger with this building? glass. good. glass. so you have your typical office. what are some of the hazards here? remember, earthquake island, what are some of the hazards? the lights, glass windows, yeah, glass we already talked about, the bad things. how about all the book stuff? building is still standing but everything else will fall right on top of you. bookcases, you want to secure those; right? this is what's going it happen. if you as nerts you went in there and got a report that there may be people trapped, where would you start looking for them? upper floors and void spaces. again, we talked about glass. are these people a little too close, do you think? did they give you a rule of thumb how far away to stay from buildings. well, actually 1 1/2 times the height of the building. so if you are in a 30-foot building -- you already did the math -- you want to be 45 feet away. glass falls out, too, do you think it just falls straight dow

norm back in two thousand and seven new york gave five point six billion dollars in taxpayer funds to alcoa the giant aluminum corporation in two thousand and four new mexico handed out two billion dollars in corporate tax breaks and subsidies to software giant intel just last year oregon lawmakers forked over just over two billion dollars to nike to keep or create only five hundred jobs in that state all across america states are handing over billions and billions in taxpayer dollars to giant corporations to try to attract new business or keep existing business and these so-called mega deals are on the rise according to the organization good jobs first one thousand nine hundred ninety one the total annual value of corporation luring mega deals was around one billion dollars in two thousand and seven the annual value stood it eight point three billion dollars there's a bigger picture to all of this these mega deals are pitting one state against the other in a competition over who can hand over the most money to corporations and the corporations seeking these mega deals are driving a nationa

. >> we will have more on israel of the show when we talked to this ceo of alcoa, and that is comingter the break. in the meantime, it is 26 past the hour, and that means we are on the markets, and julie hyman is here. another record high? >> another record high for the s&p and a dow, and a 14 year high for the nasdaq. nonetheless, getting a lift. a couple of different factors. first, you have the imf saying it is going to raise its forecast. it was not specific. forecast ofy had a 2.6% gdp growth next year, and we did have christine lagarde saying over the weekend that she was even more optimistic in part because of the progress made in washington in terms of budget talks. also helping matters, apple officially inking the deal with china mobile. the best-performing of the three major averages, and then finally we are heading into the santa claus rally, which is the last week or so of the year. of other markets, let's take a look at the dollar. it is dropping against most of the major currencies today, so that is the flip side of the dollar falling after having quite a rally. ame pro

. >> can we talk to dennis about alcoa. it seems like it wants to break out.eat holiday. >> absolutely. thanks so much for watching. we will be back on thursday with a show. don't go >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm just trying to save you a little money. my job is not just to entertain you but to educate and teach you. so call me at 1-800-743-cnbc. tonight, i'm letting you in on something big! the method to my madness. i know this show is the craziest,

it will come from alcoa's cleveland facility.he fox business network, giving you the power to prosper. ♪ cheryl: time now for the fox business. vice-president of equities with me now. all right. u.s.a. a favorite stock for the year is and has been duly and sciences bringing up the stock chart now. last year showing viewers are company. what you like this nine beast alike for 2014? >> we still like it. we would expect that it will continue to do well. the prices and will not be as rapid as we have seen this year. it is still the market leader, but we really think that the story going for it is the under appreciated pepsi story. recently approved delhi had molecule now named in areas like oncology. cheryl: want to stay in the farm sector for a moment in the year take. if you look at their share point the stock is a 92 percent over last year. an amazing run, but if elected glaxo's smithkline the stock is flat. is this a moment or use a look at other names in the space that might be undervalued right now? >> we would certainly agree.

on top of that you look at the material stocks like alcoa and u.s. steel, i think there's going to be a building boom in 2014. >> all right. thanks for your time. interesting call. all right. let's get at this. 10 to 15% over the next two to three months for most people out there is short term and is deep enough to be concerned about. >> i don't think it's going that well. here's why. think about how that trajectory would look. it would either be a water fall. >> it would be a policy. >> some big catalyst would be out there. they are probably not. i know that's a contraryian call. the other way it could happen is is a slow grind. people are generally positive. any slow grind is going to be bottomed out pretty quickly by buyers. >> all the leaders are going to roll over and technically that's going to make everybody very bearish. >> to tim's point, everybody wants 10 to 15% correction until they get it. then when it's there it looks like the world is coming to an end and people run from it. i think that is exactly what tim is saying. as much as we lik

>> i think alcoa and strength in aluminum, strength in steel stocks is indicative of global economices and i think that's what we have to get our arms around is that things are doing better every where around the world than they have been for quite some period of time. here we are five years after the great recession and growth is beginning to pick up every where around the world. so pay attention to what all could squa is doing. pay attention to what big steel is doing. pay attention to what the railroads are doing. pay attention to what the shippers are doing. that's the basic things of global growth. >> pay attention to what the ten year is doing. as he eke up to that 3% level or more, mortgage rates will go up. it slowed our markets, slowed our economy over the summer. i think that really could be the governor on any really move to the acceleration for this coming year. so while i'm kind of positive -- >> it's the builders that have -- pulte homes which tells you to some extent this is pro cyclical. >> you don't have broad revenue growth until you have gdp growth and you don't ha

the table, and then we caught a rotation out of the soft goods companies like heinz and into the alcoaseels because the economy seemed to be accelerating and nobody wanted that consistency of earnings and they wanted year over year gains of great magnitude. money always seeks out the greatest growth at that particular moment. please remember that. next thing you know, heinz is down 9%. it wasn't the heinz fund, but heinz was emblematic of the portfolio's exposure, and these stocks, as you know from am i diversified, they all tend to trade in lockstep one with another. given that the fund had a down 10% clause, the partners had a right to get the money back immediately. i sold the heinz and all of the rest of these kinds of names and cleared my head and started over. i never underperformed like that again. it was the right move for a hedge fund because not only was i able to reconfigure, but those stocks didn't come back into play in a positive play until the crash of '87 when people felt we were headed for a recession. it was a valuable lesson. these stocks are simply terrible. they're

whatsoever that it will hurt them and by the way, they dropped by the bottom, hewlett-packard and alcoawo that i am thinking could have been that case. and if the real dustin 24 posted the fake dustin 24, he tweets this question, sell into strength, thank boss, one of my mantras, sell into strength, buy weakness. i care about the price i buy a stock at. if you chase you won't get a good price and therefore the odds dramatically go against you when it comes to making both long-term and short-term money. a tweet from @scott_juba. need a place to stay when visiting mom and pop at mountainside, are we ever. room 14 in particular. we love kids at the place. we don't like dogs. we like kids and i'll serve breakfast on the weekends for you, and by the way, i can make poached eggs martha stewart style. a little vinegar. let's go to a tweet from @officedrone, which of your books would you recommend for a more experienced trader/investor real money was the book written as a handbook for people who came to work at my old hedge fund, otherwise "get rich carefully" is more in sync with the current m

look at this pop for alcoa, burger king of more than 3%, 3 am, fedex, despite all the troubles with shippingng this in time for christmas under the christmas tree from ups and fedex, both of those stocks hit new 52-week highs today. david: as we have been saying, 2013 was a record year for the markets and so many good ways. also for some of these high-flying stocks, netflix got 300% return, best buy 250%, sell xeric meet -- waking up gains of two under and 50%, hewlett-packard, will any of these names to keep that momentum going next year? lets start with netflix, jeff. you are a better man than i am. you admit when you are wrong. netflix, when this year started out, 2013, you did not have a lot of hope. >> i was one of these people who thought that it was overvalued, like could go wrong, people were expecting perfection, but one of the narratives was valuation did not matter as much as puns like myself thought it did. it was more about multiple expansion. i mean, it won the emmy award for their original programming. it is going briskly overseas, 20% revenue growth year-over-year over year,

-@remember alcoa back in 2007 gt a sweet deal from new york state that was just about five billion bucks7 billion bucks in tax breaks over 16 years for boeing. boeing is saying it will announce where it is going to build next tuesday. so that tuesday deadline is coming up next week. we'll track this developing story. i'll tell you a dozen states vying for this. we haven't seen a fight like this terms of giving tax breaks to company like boeing in a very long time. send it back to you guys. david: i never heard of $8.7 billion -- liz, you've been looking attacks for years now. have you heard of one that big? >> no. it's a whopper and over 16 years and start in 2024. it's a big one to date. that is the biggest one we've seen so far. david: $8.7 billion tax break. cheryl: washington has a union issue they have a problem with the engineers. david: i take one 10th of that. >>> you don't have to be on the cell phone or the web to have the government tack you down. the government is developing a spy in the sky to watch the earth. you have to see this to believe it. its scary stuff details comin

i'm warming up -- you know i like alcoa too because they're the biggest maker of two million screws in a plane. but it's a really terrific company. i'd be a buyer. as rates jump, the fog will continue to spread. do you have your battle plan? i just gave you mine. "mad money" will be right back. >>> coming up -- nice view? hilton worldwide is planning the hospitality industry's biggest ipo to date. wall street may be lining up to book a room, but are there better accommodations available? keep your reservation with cramer to see which stock may deserve a long-term stay. and later -- lone star shining? everything's bigger in texas, especially its monster oil and gas finds. but there's more than one way to play this trend. texas capital bank shares has been cashing in on the economic boom. should you make a deposit? find out in cramer's exclusive. all coming up on "mad money." don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmo

alcoa. it seems like it wants to break out. merry christmas and have a great holiday. >> absolutely. thanks so much for watching. we will be back on thursday with a show. don't go >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm just trying to save you a little money. my job is not just to entertain you but to educate and teach you. so call me at 1-800-743-cnbc. tonight, i'm letting you in on something big! the method to my madness. i know this show is the craziest, whackiest, random most bizarre thing on television. but i also know you won't find investing advice this good anywhere else. you know that, too, or else you wouldn't be watching. unless you're one of those people that tunes in just to see if tonight is the night the show really does go off the rails! which after multip

>> clearly alcoa. i didn't ride it all the way down, but a painful, rather sizable loss, especially in the context of an up market. and the miscalculation was in terms of their underlying assets. they weren't as high quality as i thought they would be. so i'm out of it. however, it was two to four-year play, and now closer to four years. and, hopefully, i'll get even when i go back into it. >> we talked about, you know, in our starting lineup, if you will, what your view on the market will be in 2014. you're staying lock. >> staying long and strong. nothing's changed. i take that back. you know what's changed? the economy globally is improving ex-china, which i think is still a house of cards. europe, we're seeing a better economy. actually seeing job creation there. france aside. but that was never what really drove the economy there. so you're getting rid of tapering, gives nobody an excuse to blame the fed for not coming in. you have to be in. and when you take that in conjunction with what i think

i used to call and say i want 100,000 alcoa, i want 100,000 phelps dodge. why?ope springs eternal for heavens sakes. we're in a hope springs eternal. there's no more phelps dodge, it's freeport and people will come back. mark my words. i'm going to say something bold. the market can no longer wait for alcoa. this is klaus kleinfeld's year. the stock was at 18. it's klaus's year. >> and the cd, those cds that were earning a lot from five years ago, as they roll over, what are people going to do? are they going to go on that five year and make something difficult to see or are they going to come in? everyone is going to say they came in at the top. i have heard that since 8,000 they came in at the top. well, that wasn't the case. people have to drop their cynicism and drop the polemics. it's a good market, bernanke is a smart man, they've done a lot right. before this country got so cynical and paralyzed by bipartisan, we didn't say it doesn't count because it's made up with dollars bought by the fed. it didn't matter. you can take those dollars and go buy ethan a

you also get all the other zinc led, aluminum or go with alcoa.ning index has been one of the most hated index of the year. maybe it's poised for a bounceback. >> should they not wait until after the end of the year for those doing tax loss harvesting -- equities are up 30%, you have to be careful with some of these beaten down names before the end of the year, aren't you? >> people i'm talking to are saying just that. they'll wait until the beginning of the year even if there is a rise up. one trader said if you look at where we've been in terms of shifting out of gold into equities, even if we have a taper, if there is any fluctuation in the equity market, could we see gold get a bounce, even with a taper? that's something to watch and a lot of folks don't know the answer of how much is baked into this market. but the sentiment that's going to have to shift overall. >> remember when everybody thought gold would never go back to $1,000 again? how long ago was that? >> no no back up. >> back up. >> oh we'll never top $1,000 again. what was that, l

the top gainers today and this week in general, some other states united states steel, gar garman, alcoae s&p 500 and some of the companies that have seen the biggest gains in the last couple of days. >> is this is a short move or an early sign of what is to come next year, do you mean? >> well, i think so when you look at something like united states steel, for example, there's a lot of risk involved and a lot of ifs. i've been reporting this all week. when you look at steel there's a lot of potential, especially if the economy starts to get legs underneath it to see is that industry come back in a big way next year. >> if i could put a cherry on top of the sundae simon has put together. this is why you see the greatest level of wealth disparity in this country since the great depression. >> that's the point i'm making. is it sustainable? can you keep it running or do you get another generation of politicians that really harmgz the people that are arguably do well at the moment. >> history tells us the answer to that question. the answer is no. >> nathan? >> it's not a $64,000 question.

but we don't get earnings season until alcoa and that gulf between now and let's say the nfc championship'll try to put it in a nice light is so far from here that we're going to have to -- >> you mean eagles -- >> how'd you know? >> broncos, come on. >> win out, win out zip have to tell you it's too far and that's the big issue for me, which is the earnings are going to be pretty good i think but they're so far away. in the interim we do 3%, maybe people start talking about the fed impotent here, all that kind of talk, which by the way, the real estate investment trust have been signaling this. they're like hammered relentlessly. >> they never really got off the map from when we first started hearing. >> finally we got a year where shorting the ten-year worked. after years of saying this will be the year, that finally worked. >> i told you so. >> we're 176? >> we're up over a hundred basis points. >> look, the numbers for mortgages are bad. a lot of people think that's bad for banks. that's a risk business that's not as great as the no-risk business of paying you 0.8 on a five-year cd. c

aluminum company alcoa up by nearly 2%, along with iron ore chris natural resources, and just one of carl, a nice bullish day for the material stocks. >> all right. thanks a lot, dom. >>> 2013 was a good year for tech, but what does 2014 hold? jon fortt joins us with his predictions next, but first, let's check the scorecard to see how he did in the past year. he predicted apple would tweak its iphone lineup. he was correct. we saw the 5c come out. he said samsung would press its independence from google. and jon predicted a shake-up in the industry with barnes & noble, hp, nokia, most at risk of crumbling, not bad, hp was the only one to fight that fate. he was 3-3, essentially. let's see what 2014 has in store for his view. >> reporter: 2014 should be a big year for wearables, because we should expect apple to finally jump into the game. i mean, yes, we've been looking for something like an iwatch from apple for what seems like year, but since ipod revenue is below $300 billion, it's time for them to jump into the game. remember "reservoir dogs question" scene, where they're pointi