Transcripts For CNBC Mad Money 20240714

Of maniacs who invest in the stock market nasdaq, declined. 22 , you got to remember that rising bond yields like we got today and much of this past week, make investors feel more confident about the economy. When you see the yield in the benchmark moving higher, it makes you feel like we can avoid a recession. Regular viewers know i think the fears about recession are overblown. If anything, we have had a mild slow down. We could reaccelerate if the Federal Reserve keeps its strategy of cutting rates. Why didnt i buy the argument the recession, because their whole thesis was about the bond market itself. Remember the inverted yield curve when long rates went before short rates, they told us that was an infallible sign of slow down. I thought it was a false tale. I told you that. Treasury yields, our rates are so much higher than the rest of the developed world. You had tons of foreign money flooding our bond market pushing prices up and yields down. Now the smoke is cleared, and its feeling more placid last night i warned you not to become complacent about stocks i feel like investors are bidding up all sort of stocks that shouldnt be rallying at the same time. However, we had some, today, meaningful profit taking, notably in apple, after a Research Firm cut its price target and earnings estimates off an issue involving apples entertainment offering apple strenuously denied that estimates should come down like that people didnt care, they kept selling the stock. Also the giant got hit after reporting some slightly, i would say ever so slightly disappointing numbers. The stock lost ten points to a level that i find interesting. I admit i might be premature, more on that later when we play hostage, no hostage to china all in all, im concerned about stocks i worry that this market wont be able to maintain its rosie hue with the banks, cyclicals, all moving higher, when we have a difficult fed meeting staring us right in the face next wednesday. Lets go back to the game plan, next week starts on monday, hear more about the la memented we wk ipo. It has me a little spooked the market cant seem to bear even 15 billion evaluation for a company that was valued at 40 billion. This whole we work deal makes me nervous. When you have an ipo that cant seem to find aprice low enough to bring public, wait a second, maybe you shouldnt bring it at all. I mean, if we were that desperate, why the heck would anyone want to buy the stock does this stock have the power to knock down the whole market thats the thing about ipos, they have a nasty habit of leaning over to the market lets see if we can price the darn thing, maybe around 10 billion, that might be the level where the mill stone wont drag down the averages, given theres seriously positive Revenue Growth, maybe some can stomach the losses at a low enough valuation maybe. Tuesday, after the close, we hear from two super important companies, fedex and adobe the last time fedex reported management, they had some negative things to say about trade with china, because of the trade war. I think this company has a better handle on the Global Company than the Federal Reserve or the Commerce Department or the white house. Not when you consider the trade tensions theres a stock down 11 from its high thats a rare discount im betting adobe will deliver a Strong Quarter, and thats the most robust part of all technology speaking of robust tech, z sailer, the cloud based cyber securi Security Company is having an analyst. The ceo said its taking a little longer to close big deals. Wall street interpreted that as being competitors impinging on its territory, and caused the stock to crash with the pit action actually devastating the entire group the whole Cyber Security cohorts crumbling, which i thought last night told us a great story on the first show we also get macro figures for industrial production. I am hoping at least for the bulls sake that they will be weaker, weaker than expected because on wednesday, fed chief jay powell gives his latest pronouncement and he needs as many weak numbers as he can muster if hes going to justify a rate cut i dont envy powell here on the one hand, he has the president calling him a bone head for raising Interest Rates too quickly last year which slowed the economy to stable off the phantom of nonexisting inflation. You know i thought powell did a bad job on this. I wouldnt call him a bone job well, i did and now its the president , and he has a Bigger Office than me if powell eases hell temporarily satisfy the president and look like hes selling out the fed, which is supposed to be independent unless he has less than robust numbers to back up the move. If powell doesnt bust, something thats still very very possible, then the slow down thesis becomes a lot more credible and palpable. I know earnings reports will be a side show because its all about the fed. General mills has been one of the hottest food stocks this year, and its an astounding 38 and thats because of some terrific execution by ceo jeff harmanick. This is not the kind of stock you buy when bond yields are flying higher. If powell dldecides not to cut, they will be all over any media outlet you can find. General mills has a 33. 6 yield next up, darden, thats the parent of the cramer fav, olive garden, its been one of the best performers out there. You wouldnt get the move if the consumer hunkered down, worried about a slowing economy. Fedex with world trade darden gif darden gives you a great read on the state of the average american, going home, out to dinner, i know i will be listening. They have been doing a lot of stuff request takeout thats very technological finally, while there are no earnings of note on friday, i think we might be due for a trade update from the president. He has been prone to offer views on twitter about china in the afternoon. They have left us puzzled, if not stunned and i have come to dread the tweets about trade on friday all i can say is you have now been forewarned. We have had a monster good week, its been on a real role i want you to, ive got to guard against complacency, we have a fed reserve meeting next week. If jay powell cant find a way to thread the needle, and president ial pressure simultaneously, this market could have a very rough go of it, next week. Lets go to noor in georgia. Yes, thank you, mr. Cramer, thanks for taking my call. Of course this one is on drrk. Pepper,s it in line where you think it should be. I like the stock. I like the stock very much i think that gam gordon is doing a terrific job i would buy any week, one of my favorites, and not just because i like diet dr. Pepper as everyone knows on a late friday afternoon. The market is going to roll, but you got to guard against complacency. Things may not go the bulls way on wednesday wondering which companies are controlled by the trade talks with china im going to play hostage, nonhostage, and didnt leave investors on the first day of trading. Im going to give you my take, and school is back, and in session. You know what that means home work is due ill turn mine in tonight, and let you know which companies are making the grade hey, theres a couple of bargains, so stay with cramer. Dont miss a second of mad money, follow jim cramer on twitter. Have a question, tweet cramer mad tweet, send jim an email at madmoney cnbc. Com or give us a call at 800743cnbc. Miss something head to madmoney. Cnbc. Com. Whats the next move for investors, the weeks first trading action squawk on the street, monday 300 miles an hour, thats where i feel normal. Having an annuity tells me my retirement is protected. Learn more at retire your risk dot org. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Hey. You must be stevens phone. Now you can know whos on your network and control who shouldnt be, only with xfinity xfi. Simple. Easy. Awesome. Lets play a new game. Lets play i call it hostage versus nonhostage as in which companies are really hostage, and which ones do we assume are hostages. Im going to start with hostage or not hostage, geez, i dont know, okay, the companys going on record saying china only accounts for 5 to 10 of their business nobody cares, no one hears them. Oil is more important than the peoples republic, pipeline construction, theyre more important, yet cat stroke trades like its hostage to china no matter what, and it cant seem to shake it. Nobody seems to care a run from 115 to 132 based on trade talk hopes with more hope and an imminent deal on the horizon, cat stock made up for yesterdays losses and then some today. Big move i say lets say cats totally hostage despite the that is correct it shouldnt be hostage at all cant swing it cant shake it no matter what. Whats not hostage wells fargo, thanks to the rise of ets, these two stocks trade with the rest of the banks which people think are hostage there is not enough individual stock picking in the group anymore. Dea definitely not hostage these two. They are both opportunities down here, versus the compatriots even though those connections are really tailless. Deer, hostage. I think right in the cross hairs of the trade war, if you dont have the chinese buying the crops, farmers wont have enough money to buy gears 3 m, totally hostage, you cannot get a rally in the stock without a turn in china. Too much isnt working in 3m, after the presentation this week, i would argue analysts have to cut numbers. This one is dicey. Not nearly as hostage as people think as we learned last up when they reported, because its recent acquisitions, ca and semantic have diversified the business away from china knows what can happen if youre too late to china like were seeing with sky Wear Solutions good place to go down 10, i say start by using a wide scale the cloud kicks block vm wear, workday, not hostage this is china. Pvh, calvin klein and tommy hilfiger, hostage. They will get hurt by the tariffs. The gigantic purchase of mad money friend of the show, manny churico, the two companies linked with Ailing Department stores like macys, so his buy might be idle but i dont believe that idle insider bias nobody knows more about the company than manning no reason to buy it here had to move on the inside buy news hold it though, nvidia, named my dog after it, no, they did not name the company after my dog. Nvidia, hostage, it needs this deal to close, and the chinese havent checked off on it. If they do get melanox, it makes for the internet of reach out. Yeah, hostage. What about semis like zylex, hostage because so many sales depend on chinas a 5 g build out, they have told you they diversified away from huawei by the way, theyre killing it with samsung, which is why that stock has been so strong most companies that did business with china havent been able to get out of china with the speed of hasbro or rh. Its easier to move furniture manufacturing to another country than it is hightech component construction or assemblage, and even a small amount of china exposure can hurt a tech company. Cisco has very little chinese exposure but was enough to last quarter, telling a nonhostage story that people thought they were hostage why do i go through all of these examples, you better get used to playing hostage, nonhostage, because i dont have hope for a swift resolution to the trade. Earnings season is around the corner, and i expect preannouncers, precisely because for Many Companies, china is still a major source of growth, and it cant get out of there fast enough to escape the impact of tariffs. You need to figure out whos a hostage and whos free and get clear before we get to earnings season i can. The two words whispered at the start of every race. Every new job. And attempt to parallel park. electrical current buzzing each new draft of every novel. typing clicks the finishing touch on every masterpiece. newborn cries it is humanitys official twoword war cry. Words that move us all forward. The same two words that Capital Group believes have the power to improve lives. And that, for over 85 years, have inspired us to help people achieve their financial goals. Talk to your advisor or consultant for investment risks and information. Talk to your advisor or consultant by the way, shes the it wasnext mozart. G day. As usual we were behind schedule. But sophies enthusiasm cannot be dampened. Not even by a runaway donut. We powered through it in our toyota prius. Because a stars got to shine, no matter what. Its unbelievable what you can do in the prius. Toyota lets go places. The market is trying to stabilize. We had a strong week for the dow, Investment Bankers are coming back from summer vacations and see another wave of yearly anticipated ipos you have post mates and of course this we work, im sorry, the we Company Coming soon the thing about this stage of the ipo cycle is youre getting lower and lower quality merchandise. Sooner or later the market will notice thats what happened yesterday morning when smile direct club came public. This is a dentistry company, rather than going to an orthodontist over and over again to get braces, you can get a remote appointment on your computer no inperson business required then theyll sell you high quality clear aligners, a lot less than invisalign stc is a disrupter in the field of orthodontics, so many investors believe it would be a good deal. Instead it flopped i thought smile direct club had potential, at least i did until i saw where the ipo price, 23 was above its proposed range, which was aggressive once i saw that, i figured it might struggle i said so on squawk on the street, even i as negative as i got on this thing, did not expect it to completely tumble and melt down. In case you missed it, stc priced at 23 bucks and immediately began trading at just 20. 55. Think about all the loss, an instant 10 loss for anyone who got a piece of the deal. It only gos wort worse from thee with the stocks sliding to 16. 67 at yesterdays close. Ouch the stock up 12 to 18 and change its still down substantially from both of the deal price and the first trade. Thats pretty demoralizing start for your smile direct club we theneed to ask ourselves, was this break down right, so lets take a closer look because theres a lot to learn from this i havent touched on enough of these ipos, theyre very exciting you get one and forget about it first off, smile direct club does have a cool concept it sounds Like Align Technology with clear removable containers. Without insurance, invisaligns product goes from 3,000 to 5,000 stc, roughly 2,000, more important, if you want to get invisalign, you have to go to an orthodontist and get check ups stc lets you take teeth impressions at home, via a kit you can check in with the dentist via teleconferencing thats a lot more convenient, isnt it stc recently rolled out nighttime aligners you wear them for ten hours at night for whatever reason, you cant wear the normal ones during the day i think the story is practically custom d custom tailered for millennials. It makes you look better on instagram. Thats the story how about the numbers. In the First Six Months of the year, sdc had spectacular Revenue Growth, the gross margin after the cost of goods sold the earnings has depreciation, amortization, at 2. 3 million whats eating up so much money, marketing expenses, in fact, stcs marketing expenses grew faster than their sales. Up 141 year over year into 209 million. Not what i like to see lets go over the pros and cons. On the plus side, what do we have, truly turbo charged growth, while the sales growth from 190 last year, 113 , thats pretty darn good. Not Many Companies can both that kind of number average selling prices are going up always a good sign and the opposite from align technology, had its stock eviscerated because of competitors like sdc arriving on the scene. I companies trended toward profitability, even though its not quite there yet, any substance, those are the pros, how about the cons, first and foremost, theres that marketing cost number. Ideally, you want your Revenue Growth to exceed your marketing and selling expenses, with smile direct its the other way around well have to see. Second, i am always a touch suspicious whenever i see a company with a big inhouse financing arm because in the past we have seen cases where easily financing for the product in question. This hasnt happened but i always think about it. Its in the back of my mind. Thats a lot more pros than cons why is the ipo turn into such a disaster, for anyone who got in on the misfortune of the deal. A lot comes down to the price, 23 was too high even at 18 and change where the stock is right now, its too high for 8. 5 this years back of the envelope, sales forecast, thats very expensive for this industry a lot of technology sells for six times sales. Smile direct isnt a Software Based company, doesnt have a fantastic revenue business model. Its basically the same business as align given that align is profitable, its not fair to compare the price. On the other hand it is growing much faster. This is a market that favors profitability a lot more than growth thats crucial its not just valuation. At the end of the day, the key comparison is align technology, and align stock has been a total disaster of late because it had a very good run because the invisible tooth align business has gotten competitive when the align had the industry to itself, it was great stock. Now youve got stc, 33m, frankl its starting to feel a little crowded. It feels like the Online Food Delivery space where grub hub was the great investment but became a real dog when others started moving in on their territory, which is why its very hard to recommend i think they under priced the smile direct deal too aggressively, misjudged the demand, something that starts happening near the end of an ipo cycle like weve had, not the beginning. Maybe this isnt a great time for ipos of companies with Revenue Growth and profits i dont know what right price is for stdc, i do know i wouldnt pay more than 16 in change for it mike in florida, mike. Jim, its great talking to you. Same. I would like to ask you a question about the stock real real you mentioned the stock a couple of weeks ago, and i agree, their Business Concept certainly is excellent, but on august 30th, two law firms put out shareholder alerts on this stock, and this was related to their ipo and the firms are investigating potential violations of the security laws, but whats interesting, it seems to be having absolutely no impact on the stocks because since august 30th, real real has had nine straight obsessions my question, should i add to my holdings i like real real very much. By the way, my wife just used real real this week and loved it we like this stock we think its a terrific situation. By the way, ever lane, they like it i think real real is the deal, and i would really recommend you buy some more real real. Listen up, i thought smile direct club had potential until i saw where they priced it i wouldnt pay more than 16 which is where it bottomed yesterday, not today now that were finally in backtoschool season, i think its time to do some home work, a massive amount most calls on biotech to see if any under the radar plays could be worth considering, and im under the radar ship maker theres a proxy to the trade negotiations of canine positive chatter about the talks triples out and rapid fire and the lightning round. So stay with cramer. Classical Music playing throughout now that were firmly in backtoschool season, time to engage in a time honored tradition, doing all of our Summer Reading homework at the last possible moment, and man do we have a lot of homework to go through. Every time someone asks me about a stock i dont recognize, i dont follow close enough to give you a reasoned opinion on i always promise to do the research and give you a serious answer im back for summer vacation, i have a lot of names to get back on a lot of companies have come public in the last few years without fanfare and research weve got so much to go through that i actually want to break things up a bit. Thats why were starting with the sector i get the most calls about that is the hardest, biotech, its a tricky group people love to ask about names that dont get a lot of coverage high risk, high reward names, i can look silly, which is why i hesitate to shoot from the hip and prefer to save for later get them a little more rigorously, even if the stocks sound enticing, you need to be careful. When i say their speculative, dont consider buying them unless its with money youre prepared to lose i wish i knew all of these prospects over the top of my head theres so many of them, but many have drugs in Clinical Trials its a very much live by the fda, die by the fda situation. With that out of the way, lets get to it. On may 29th, gordon in texas, asked about sema bay therapeutics this is a Development Stage meaning its losing a ton of money. Its focused on helping people with chronic Liver Disease when we got this call, it was trading at 12. Over the next two months, it dropped to 6 and change and its currently at 5 bucks. What the heck went wrong here. The Company Released some pitiful results from an ongoing phase two. For the redrug in a type of fatty Liver Disease. All you need to know is this drug actually did a worse job than the placebo one bad piece of data and the stock can get cut in half. Sema bay is studying the same drug for different liver conditions they also have early stage sales drugs in the pipeline. Thats enough for me to stick my neck out on this one sema bay is way too risky, even after its crushed june 12th, max in new york called about biotherapeutics, thats another Development Stage company, and this one is in the cancer immunotherapy stage you know if you watch the show regularly that i have been drawn to the stage for a longterm opportunity. They use a technology here called adaptive t cell, they take the t cells and modify them to become more effective at fighting cancer. Treatments for melanoma, Cervical Cancer, nonsmall cell lung cancer and many types of tumors 10 bucks in mid way to 21 in mid june thanks to a bullish presentation at the key meeting, the American Society of clinical oncologists. Then the fda gave the lead drug breakthrough therapy designation for Cervical Cancer and even more positive Clinical Trials. The stock ultimately rallied to 26 in july lately its pulled back thanks to the selloff in the red hot secular growth place down here at 21 i think this is worth purchasing especially since theres a ton of potentially positive catalysts going forward. For speculation only, dont put Something Like this in your retirement portfolio this stock has got what youre looking for. Michael in new york, called in about arrowhead pharmaceuticals, another Development Stage, working to treat intractable genetic diseases by shutting down the genes that cause them to make that happen. They use something called rna interference we have had a bunch of these companies on if the dna is the blue riprint,a is a messenger o arrowhead basically shoots the messenger. They can use it to treat all sorts of ailments. As they have signed some major partnerships, johnson johnson, two stocks tar owned by my child trust, not bad and arrowhead keeps churning out positive data which is why the stock has been on fire what is down 12 since the end of august, thats thanks to the rotation, anything that happened at the company i got to tell you, this one is tough. When i see a stock up 750 in two years, it makes me want to tell you, i think its moved so high, you should ring the register, and if you already own this one, and havent taken off the table, youre being irresponsible. New catalysts with data expected this year, and the company is hosting an r and d meeting over a month. You have my blessing to put a install position in this one emphasis on small, but again, the same speculative rules apply. Fourth, on july is 11th, kevin in californiamented to know wanted to know about regenex bio. I almost think of them of a gene delive Delivery Platform that lets them go in once and fix genetic defects. For more than 20 different product cases. The inventiveness of people is great. The fda approved a spinal treatment. Theyre got their own Clinical Trials going for diseases like age related macular degeneration, which causes blindness and is a very big market the stock has been a real wild trader down 50 from its highs a year ago this week, rallied 25 , that said, it is still down substantially from where it was trading in july you want to spe speculate on the gene therapy, i say fine i like a lot of these. You know that. Im drawn to this group. July 25th, krystal biotech, thi is yet another gene therapy company, focused on treating rare debilitating skin diseases. This has doubled year to date. You know im hesitant to recommend it here even as a lead drug candidate a gene therapy for a condition that causes your skin to blister way too easily has made Good Progress interesting. Why do i like arrowhead and regenex boy and less confident about crystal, because they are plays on particularly Gene Therapy Technology platforms they have a lot of shots on goal crystals focus is much tighter, the other two have high profile partnerships with major pharma and biotech firms. Theyve got believers who know a lot more about this business than i do. Crystal doesnt. If you want a super speculative gene therapy stock, i would rather that you do with arrowhead or regenex bio there are three that are willing to bus for speculation arrowhead, and regenex bio just be careful with them. Younger viewers, listen to me, you have your whole lives ahead. You can make back any losses, one might belong in your mad money portfolio, as long as you have decent risk tolerance as for krystal, and sema bay, too risky for me do you have concerns about mild memory loss related to aging . Prevagen is the number one pharmacistrecommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. It is time, how about that and then the lightning round is over are you ready. Devin in california. Jimbo, my man. Yo yo. Thanks for taking the call. My pleasure a pioneer im managing a account for my kid, and its up significantly im looking to take a trek on a pullback we have been recommending treks for a very long time, but ive got to tell you, this thing is going parabolic, and i do not like parabolic booths, you have to wait for that to come down, and i feel great even recommending it because i use it in my house, with that said, wow, up 50 . Im going to have to say up here its okay lets go to mark in wisconsin, mark. Jim, a couple weeks ago i called you up and asked you if it was time to take profits and end phase, since that time, the stock has been beaten down from 35 to 22 by people taking profits. Right and short sellers are jumping on the stock now because generak is coming into the space should i use in weakness to buy more or clear out. Im glad you asked about this mark, the heat i have taking about opining on end phase in twitter has left me to say okay, its every man and woman for themselves on this one its too hard. Youre right, the shorts are all over it. Im going to say i dont have a view i am going to be the punter, lust like on a special team in fantasy. Lets go to gene in arkansas hey, jim. This is gene in arkansas, im a transplant texan, go horns, and i got two sons who graduated from arkansas so im split personality, go hawks. Had to be something at home boom boom boom. Yeah, ive got a question about an investment i made back in april and its alcon labs, it was off from lavartas. I have a long history. I like alcon, and winners abounding there. You go to alex in new york alex jim, how you doing . I am good, how about you. Great, great. I just want to say my 9yearold son really enjoys your son for your knowledge. Thats kwhawhat i want to he. Rite aid, the equity rite aid, i purchased it before the too risky, too risky. Doug in arizona, doug. Doug. Yeah, hey, jim. Youre up, doug. Hey, its doug in arizona, a big booyah for you, jimmy, been watching you for a long time, i dvr your show every day, made a lot of money on you last year for the star wars in october up from there and dividends, so i appreciate that. But im calming about pg e, tall grass energy. Im not an, people think it will be a higher bid, that is the lightning round. The lightning round is sponsored by Td Ameritrade its late, getting pumped for mad money. That kids got a horse sense, burning down the house where have you been all my life. Muah. Youre my personal shopper this is fantastic. Lets pin the blame on generation x you suck. Its long, its too long. I dont know whats going on. Ive done all sorts of research, read earnings reports, looked at chart patterns. Ive even built my own historic trading model. And youre still not sure if you want to make the trade . Exactly. Sounds like a case of analysis paralysis. Is there a cure . Td ameritrades trade desk. They can help gut check your strategies and answer all your toughest questions. Sounds perfect. See, your stress level was here and i got you down to here, ive done my job. Call for a strategy gut check with Td Ameritrade. Every curve, every innovation, every feeling. A product of mastery. Lease the 2019 es 350 for 379 a month for 36 months. Experience amazing at your lexus dealer. Tonight were catching up on the homework were mig r missss on this summer im not going to cuff it we covered our bioteches, now ive got three more, a small chip maker and a Couple Health care stocks. On july 19th, frank in new york called in about accelerate diagnostics. And this company is actually a company we discussed before, also part of a homework segment back in april. What happens, obviously, i was stuck twice. Accelerate diagnostics is a company that tries to deal with a very serious problem, the rise of antibiotic resistant diseases, bacteria evolve quickly, were seeing more and more of these super bugs that resist most forms of antibiotics. There are ways you can diagnose. The Current Technology takes two or three days to come back when you talk about a serious, it takes way too long, accelerate diagnostics, accelerates the diagnostics, its got a simple solution, their digt system allows diagnostic system allows for faster turn around times, a bacteria or fungus in 90 minutes to figure out which drug its vulnerable to in seven hours the company is having execution issues, the last time i talked about this one, wait for more evidence that hospitals were buying the machines before you did any buying of the stock. They have seen the share rally 10 , thats a little bit better than the overall market. How about the fundamentals, were waiting for signs of better execution you know what, the more i look at it, the more all i can say is that we do not have signs of better execution and theres last two quarters, accelerate diagnostics has missed the modest efforts, the stocks trade on sales, theyre simply not selling as many machines as investors hoped for. Im not ready to recommend this one. Nope dont buy, dont buy. And its got such a good concept. I did want to hit the buy button we need to see results on the sales front before we can accelerate diagnostics and call it safe. Of course management about the 4th quarter. I hope theyre right hope is not an Investment Strategy at the end of the day this is a 1. 1 billion company that did less than 2 million in sales last quarter no thank you, next what else, on july 30th, brian in new york asked me about ttm technologies, i said i got to get back to that one ttm technologies, a chip company, they make printed circuit boards, as well as radio frequency, and micro waver components, it stands for time to market. The selling point is the company is a time critical, onestop shop f youre trying to develop ships and bring them in the market its up roughly 20 in the last six weeks since brian called about it good on you, brian the fact is the stock has been a real wild trader, why, because its the kind thats being hostage to china and for good reason. Ttm gets more than 18 of sales from the peoples republic, and a big chunk goes to uber bad guy, huawei. The huge chinese, pure public enemy number one in the trump white house. The Company Reported a very Strong Quarter at the end of july, at the end of the day, this stock has become a proxy for the trade negotiations with china. You got to watch this thing, when you watch twitter and thats why its been roaring over the past couple of weeks. And every time we have positive chatter about the talks, ttm technologies and others like it catch fire the good news, the stock is quite cheap, trading eight times next years earnings, estimates, not sales, but estimates thank evens, the bad news, it often means they dont have faith in the earnings estimates, ttm technologies is not for me regular viewers know im skeptical about the trade talks. Its hard to get a deal. If i were feeling more bullish about them, there are plenty of potential ways to play in the trade war. What i am saying is pass finally on august 20th, tom in florida wanted to know about med pace holdings, i said i need to do some homework med pace is a Contract Research organization or cro, okay. Basically when pharmaceutical Biotech Companies want to run a clinical trial, they Hire Companies to manage them they want to make drugs, they dont want to manage the trials. Think of them as an arms dealer to the whole drug and med, a facilitator of innovation, picks and shovels, go for gold this is a mid sized, doing a ton of business with small biopharma companies. Med pace has been a huge winner, longer term and recently the company came public three years ago, its now at 85 and change, better than a triple most of the move has come since february of last year. And when you look at med paces finances, you can understand why, steadily ramping, the earnings have followed suit, by the time med pace reported its latest results, management knocked it out of the park, posting stellar beat and rays numbers. Were talking nearly 26 Revenue Growth and an acceleration from 23 , in the previous quarter which translated into 32 . Plus the new forecast was even better instead of 15 to 18 growth, management is talking about 19 to 22 growth. Thats huge, and they paid off all of their debt, which means they could potentially use some bountiful cash to either lets say give you a big dividend or buy back stock in short, theres a lot to like here over the next couple of days the stock jumped from the low 60s to the high 70s, and its continued to climb, and its at 85 and change. Thats the one problem i feel like were pretty late to the story. Especially since med pay sells it for 26 times next years earnings on balance, i like it t. Maybe this is an idea. Maybe you start a small position in med pace. You have my blessing to do so. The numbers are too good to ignore i like this thing a heck of a lot lower because then its something that might happen if we get good Economic News that causes a rotation, secular growth, the Contract Research market has been a good one med pace is a great way to play in fantastic set for the growth trend. The bottom line, finally, were cleared out of all of the homework backlog, just in time for backtoschool season. Going forward, i promise ill do a better job with keeping up with these in a timely manner. Its not right, but we have so much daytoday press. Dont forget, of the last three home work names, med pace is the one to buy, but only on a small position, cross your fingers, we hope it pulls back so you get a better entry point stick with cramer. At fidelity, we believe your money should always be working harder. Thats why your cash automatically goes into a Money Market Fund when you open a new account. Just another reminder of the value youll find at fidelity. Open an account today. Of the value youll find at fidelity. Liberty mutual customizes your car insurance, hmm. Exactly. So you only pay for what you need. Nice. But, uh. Whats up with your. Partner . Not again. Limu thats your reflection. Only pay for what you need. Liberty, liberty, liberty, liberty doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. I can. The two words whispered at the start of every race. Every new job. And attempt to parallel park. electrical current buzzing each new draft of every novel. typing clicks the finishing touch on every masterpiece. newborn cries it is humanitys official twoword war cry. Words that move us all forward. The same two words that Capital Group believes have the power to improve lives. And that, for over 85 years, have inspired us to help people achieve their financial goals. Talk to your advisor or consultant for investment risks and information. Resigning from the apple board, that makes sense. Hes been a great contributor there but now theyre going head to head. Its hard to believe they should stay together. Why should iger give the ideas you need to know to apples board when hes competing head to head. I think it makes sense i dont want to read too much into it. They should not be aligned anymore when they are opponents. Just for you on mad money, im jim cramer and i will see you monday welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. If they hear a great idea, theyll invest their own money or fight each other for a deal. This is shark tank. Shannon and were from san diego, california. Come on, james were two busy moms always on the go. Regan shannon and i met at our kids preschool field trip. After a long day with 40 4yearolds, we were ready for a glass of wine. [ both cheering ] we dropped our kids off with our husbands, and weve been friends ever since. Regan and i both worked in Corporate America for several years, and it came a point in our lives