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Transcripts For CNBC Mad Money 20240713

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Ad, charlie the tuna got shot down sorry charlie. Starkist did not want tuna with good taste, they wanted tuna that tasted good i dredged it up because today the market rejected charlie. And they went with tuna that just plain tastes good solid real, clean copies with no flaws and consistency. If you look at the averages, this would have seemed like a sedate day nasdaq declining 2. 30 when you dig deeper, there was a major rotation out of the charlie the tuna stocks. And in to plain old albacore packed in water. It started yesterday when the banks reported better than expected especially with the curb of them being able to make money off of your deposits. The banks have so many other robust earning streams that we dont have to fret about the yield curve as much as we once thought. There was an 8 Revenue Growth and the stock roared from 116121, it was a bank to be it was pointed out the consumer continues to be quite strong, end quote. Hey, gloomers and doomers, listen to jamie. The market gave back some of the gain today even Goldman Sachs who missed projections told a good story. They put their buyback on hold, now they are resuming the repurchase program, hey, isnt that consflikz then today bank of america put up huge numbers with great growth. Their Digital Business is so good i think of it almost as a tech company that happens to be in banking bank of america has 38 million users and they have nine million active users these are extraordinary numbers, millennials, they are luring in older userf america, tells us tt consumers are in good shape. Their Banking Division had 7 loan growth which is why the earnings have staying power. And the lone losses are low. How satisfying are the numbers Warren Buffett has 10 of bank of america and he is asking for more soon it will be granted and he will be in buying hand over fist the banks showed consistent Earnings Growth and very few people expected them to. They are supposed to be hostage to the fed the big banks can decouple from the trade wars i know the Commerce Department released ugly retail sales numbers. Down. 3 in september but the banks tell a different story. They have become the ideal names for the starkist style market. Yeah, they are not flashy. They are just tasty. What else . Love extended to the Healthcare Companies that reported beautiful numbers. With stocks that got to deep value levels johnson and johnson rallied nicely investors gushed over the growth after the management reassured us about the lawsuits. They are going up against opioid lawyers, and i felt better after the call unh has habit of delivering terrific results but it has not managed lately, its a managed care situation Elizabeth Warren wants to replace them with medicare for all, and this time, fears were not enough to keep unh down. More on it later big dow stock. And then the beaten down transports its not taking much to put down a stock that is selling for 7 earnings it make sense that the market fell in love with united rentals. There was not pin action to the rest of the transports but they rallied somewhat. And csxs stock was advancing in after hours trading. Lets look at those that the market rejected. Sorry, charlie sell, sell, sell. First cramerfave workday held an analyst workday i was shocked, not at the slowing, but the slowing, but not the reaction if they slow at all, the reaction will be incredibly negative the market has no patience for Software Enterprise companies that do not grow in aggressive path aggressive pace. Service and adobe was down graded today adobe, downgrade had slowing in the commerce offerings which handicapped the company last report but the negative pin action extended to sales force. Even though they did shoot the lights out when they last reported we will hear from the chairman later in the show. This selloff is guilt by association. But theres overlap of the substance of the adobe down grade and sales force. Can the rotation last . I dont think its permanent i dont think so it never is. Consider this evening, ibm, and high valued netflix, reported, ibm laid an egg, stock is being savaged after the bell netflix trumped estimates and is roaring in to tomorrows estimates. They will need to report terrific mark terrific growth before the markets forgive them. I think cvs, which owns aetna will put up fabulous numbers in november i know many of you watched last nights democratic president ial debate with elagz with elation if you favor redistribution of wealth, and with horror if you dont. Both groups put up great performances the bottom line, todays winners are immune to the fallout from the trade war. They can create terrific earnings from the consumer or healthcare businesses that have nothing to do with china nor session, that was enough to do the job ian, in pennsylvania, ian. Caller Pumpkin Spice booyah to you, sir. Never too late for that one what is up caller calling about American Eagle out d fitters ao, get it . Ao. Yeah, i get it. Caller i know you dont love the mall space but they have been beaten by amazon only, but the stock has been beaten down this year currently trading at nearly yearly lows but is a solid dividends stock with price to earnings under 10 and after Holiday Shopping and back to school, do you think its a good sleeper pick right now ian, it could be a trade. I have to stick by the knitting, its watch time. Amazon, costco if im not watching i aint buying. Ali in hawaii, ali caller aloha jim, i had a question for you oxident oxidentam paying 8 deffident. Do you, if your opinion, is it a good buy no. Caller should i keep aaccumulating it a couple of years . No, the company is payi inin percent to Warren Buffett. He has first dibbs, i dont like occidental. Theres major rotation under the action today mad money tonight, mark says that capitalism is dead and needs a reboot im talking with the sales force founder and United Healthcare sparked a rally yesterday, but what does it mean for the managed care sector. Im investigating and its fintech player that could be worth considering, so i will reveal the name. Stay with cramer announcer dont miss a second of mad money. Follow jim cramer on twitter have a question, tweet cramer. Mad tweets. Send jim an email, to madmoney cnbc. Com or give us a call at 1800743cnbc, missed something . Head to mad money. Cnbc. Com mark is the founder of sales force. The guy practically invented the cloud. He is a believer in business as an agent of social change. Just yesterday, he published a boom called trail blazer. Earlier we got to talk to him about it take a look. Marc, you are comfortable talking capitalism and we will talk about it and i want to talk about joel for a moment. I want to talk about your father for a moment and i want to talk about your grandfather, these were the inspirations, arent they why we are here today for all of us, our families are of course, our core values for me, i had a family that was committed to Civil Service and the state of the world my grandfather was a huge part of that and i wrote about him in the book we published a number of photos with my grandfather that i did not know existed he was a huge influence on my life, and always reminding me to do something for something else. Developed b. A. R. T. , the greatest transport system. He created b. A. R. T. , it was his idea to have a monday monorail system, because he was a supervisor in San Francisco for over a decade in addition to being a great Trial Attorney so, he a huge vision for our local community. Next in your life, steve jobs and Larry Ellison, two polar opposites, i would say both influential in your life. By the way, both Close Friends and steve jobs had a huge impact on my life unexpected impact. I would have dinner with him, and he would say, hey, come and see me, we need to talk. And i was, you know, in my 30s and im starting my company, i was super cautious, i was afraid of him i had worked foreh eed i hadr him, and i had held him in high esteem and i still do and he gave me invaluable advice, he said think of the future, think of an application economy. Paid off well for me at the same time, you started a company after the journey there, 1999, most people were out to make quick money. They wanted to sell their company, bring it public and cash n you were immediately about using it as an important platform nor change, and one, one, one, determined to give back when everyone else was taking in i want can give gratitude to Larry Ellison for that after working at oracle for ten years i was pretty burned out. I was not feeling great. I ended up taking a sabatical, and i ended up talking about that in the book and larry said, marc take a sabaticle and i went to india, and then i got great advice, which was to think of other people while you are building the culture of your business and i decided to do it when we started salesforce now theres a lot of points to the book that i felt the trip to india and the time off, all the things are great lessons for everyone who is trying lead a better life, not just about trying to figure out capitalism. But, you said that capitalism, as we know it is dead. Who killed it . Capitalism is dead, we need a new capitalism, we need a new sustainable fare, a more equitable capitalism we need a capitalism that values not just shareholders. And of course, i love shareholders, but as important, stakeholders who are the stakeholders the customers, employees, your partners and San Francisco, its our homeless you know, that you were there with me walking the streets. Right its our Public Schools it is our planet, we have many stakeholders not just shareholders your shareholders, i believe, let you down on a nonacquisition, before we get to it, what is the phrase, big man down mean . What it means is, my shareholders are a key stakeholder. They are a critical part of how we run the business and i listen to them. Even though i can be a visionary and see where things are going, and see incredible potential, im also guided by my shareholders its one of the reasons we have consistently improved the growth margin you are avoiding the issue, you are avoiding the issue, was there some sort of karma or sup superstition, when you were on your way to buying twitter i was in two meetings to buy twitter and it was with the Bond Companies and they ended up giving us great ratings. So they didnt know that my leg was gushing blood, and i had ripped my achilles and meniscus and had fallen on the pavement, and it was probably a omen that the shareholders were not going to be happy. They may have put me after the buy out talk is done, stock plummets to 16 marc, at 28, you would have crushed it what a great way to figure out what people are doing. Dont you regret it . I mean, come on. Jim, i believe so strongly that i have to value all of my stakeholders that if you have a belief that guides you like that, then, i believe that my shareholders are always going to give me the right direction. As my customers and employees are. By the way, as the local school kids are i was just at one of the local Public Schools in San Francisco, opening a new playground, giving a speech they brought the kids in, im looking in the kids eyes, when i am looking at the kids eyes and i said, yes, of course, you are one of my Key Stakeholders i have to be thinking of you we are one of the biggest employeers in San Francisco. Are the elementary children not a stakeholder. I thank you for that. You are right. You dopadopted a public scho. Every ceo, everyone can, actually, adopt a public school. The Business Roundtable, the majority agrees with you. Theres something called greenwashing. Meaning they are taking the view that they should care, but then they dont do it indeed, just word where is the Business Roundtable in your mind and how about all the executives who claim to be taking in other stakeholders but really are same old, same old. The Business Roundtable which is the ceos of the Largest Companies in the world have said exactly this the purpose of a corporation is all stakeholders as important as all shareholders that trying choose between the two is a false choice. That is what we think. When you talk to alex gorsky, the ceo of johnson and johnson, the chairman of the Business Roundtable, this is what comes out of the credo of johnson and johnson, and not just them, jp morgan chase, and ibm. The Top Companies in the world are pivoting to the new capitalism about stakeholders last night, democratic debate the democrats seem convinced that the evil might be amazon. Evil might be facebook the most powerful company, the trillion Dollar Company is microsoft and they are skating arent they too powerful in the way that Satya Nadella stole linkedin from you when i thought you had a deal with them they are the Largest Company in the tech industry, and platform not for social change not for social change. Not for social change they have a Consent Decree with the fed. And i think Amazon Wed Services is important web services is important. Sales force is important it provides a set of choices for customers. You scared me a few years ago when you told me to buy, the book goes fleet. Its a terrifying book the chinese attacking our defense, and making us lose in a war. Are you worried about that thats actually not my interpretation of the book we never talked about it so, my interpretation of the book and why i recommend ghost fleet for everyone to read Artificial Intelligence is one of the huge part of the Fourth Industrial Revolution that we are going through right now. Ai has tremendous opportunity. The technology is not good or bad, its what we do with it that matters there will be dramatic consequences when Artificial Intelligence is applied to the military we can use ai for good as well i showed you how we have a drone in Santa Barbara with ai, who spotted a great white shark headed to a surf camp and they were able to get the kids to the beach. Theres other good things for ai, we want to keep our eyes on both you are right, business can be a force, a platform for social change. But marc, how about if social change, if you dont believe it . We believe, i believe in social change for good. But its a two way street. You could use it for bad you can see social media today, can be used for bad and probably is. And facebook is probably the new cigarette. Its bad for you its addictive can we take it back they are after your kids, jim. They are running false ads and providing data to 10s of thousands of partners without the knowledge of their users its a company that should be regulated and broken up. It has too much data and comingling the data to great influence on you capitalism needs guard rails thats the point of the book its a very important part of the future of technology as well but, if you open the door, you have then, show trials of executive last time they have a show trial of alex gorsky, you and i both know saved more lives, is deeply committed to stopping suicide among veterans and he was mentioned last night as somebody who should be prosecuted you could go wild with the stuff about business jim, this is why we have antitrust authorities worldwide, embedded in every major Government Agency to keep an eye on it government has to do what it has to do. The fcc can modify the regulations, i wrote about it in the oped in the New York Times monday and said, hey, tell us who your stakeholders are, and your stakeholder return all companies can do that easily now. You are thecoceo does a coceo has time in your day, and i know your schedule, apologies to lin up front, does a coceo have time to run for president . Dont dodge it my book is about business being a platform for change. I believe that as a ceo, sales force, could have a power. I could never be a politician, i will never run for office. I do know how to build a business on all stakeholders and what i want to do is influence everyone from the intern to the c to the ceo that they can b platforms for change and improve the state of the world i want to theyll everyone, i have pages but my friend, monica langly helped you write it its a read as tough as i have read on some executive its tough on yourself and i love it. And thats how you really learn. Yes. Business is the greatest platform for social change marc benioff, and a author of a must read, im ripping pages out. Thank you so much. Great to be with you, jim pacifica ted goin oneighbor yes. Takin it off road Station Wagon . You know its an suv i know for fact your suv does not suck. Why is that . It aint got that vacuum in the back we got to go. Vacuum in the back, hallelujah have we finally learned to stop worrying . And love the managed care space . For once the managed care stocks, think healthcare, have been hammered. Wall street is terrified that Elizabeth Warren will win the democratic nomination. Senator warren wants to establish medicare for all, a sing payer system that will drive the managed Care Industry in to oblivion, its not just the left wing field that wants this most want to crack down the managed Care Companies joe biden is the only serious contender that is willing to go to bat for the current system. He is running on amended, dont end it platform that is probably good for the managed care players. But over the last few months, he lost his status as the frontrunner as warrens stock went up, the managed care plummeted i get it we should pay less if the singer payer is on the table. Thats why united health, the best of the breed saw the stock investors sold first and asked questions later. Yet the whole group has been in the doghouse, at least until yesterday. See, yesterday as i mentioned at the top of the show. United health had a true bel blowout quarter they are focusing on all the money they can make right now. The stock went up yesterday, and its not done. It has more up side. It had a little downturn, at one point it was here and came back. It has more up side, why going in the quarter, there was a sense that unh had a lot to contend with, for example, just last thursday, it was down graded with the worries of the managed care sector. I found the piece frightening. Theres an obama obama related tax going back in to effect next year and the percent of the premiums that pay out to cover the cost of insurance claims. Now, not everyone was negative here i told you to buy unh in late september when it pulled back to 215. Thats what we did with my Charitable Trust and you can follow on by joining the club. I thought it was overblown and the stock got cheap, too cheap to ignore. When unh reported yesterday, they knocked it out of the park. It was a stunning quarterback that prove today naysayers wrong. They had a nice top and bottom line beat. They wrapped up the prepared remarks and they laid it all out. That the growth would likely come in the lowend of the 1316 longterm forecast. That may sound negative but you have to understand what wall street was working for the it was expected to are 11 growth that is another reason why we have the nice upward move that was totally justified. Even better. They addressed the new tax that everyone was fretting about. Hell yes, the costs would be manageab manageable during the question and answer session, jeff putnam the cfo, he told a story about cost, he said, we deny to see costs well controlled we continue to see costs well controlled they are not being torn apart by run away inflation that is how the medical ratio loss held study we know the biggest baddest future what drove the stock down this way, until it bottomed, what is that, like i told you before the knock on managed care is that the stocks will be eviscerated if senator warren wins the democratic primary. The companies could be destroyed if she wins the general election unh is not compatible for all with the medicare for all. Warren got the frontrunner treatment at last nights debate and she had by far the most amount of time, it was like she was debating herself at the end. Doesnt it mean that we have to take the fears seriously i think they are baked in to the stock. That is why i had the take this is why i had the cake on the set. Maybe they are more than baked n lets say warren wins, can she pass medicare for all . Speaker pelosi said several times she is against it and chuck schumer, has said over and over again it, he is against it. Many other candidates on the debate stage were against it they think the cost is prohibitive and they worry about the optics of taking away the choice of private care the democrats retaking the senate, this is all that has to happen by a wide margin before medicare for all could happen. I mean, anything is possible but is it likely when president obama had a 60 seat super majority in the senate, he could not pass a public option. Even if the democrats win every Competitive Senate race every one. They will only have 54 you cannot pass this kind of sweeping legislation with a slim majority, especially when your own party is divide odd the issue and divided on the issue. What if biden takes the nomination then the single payer worries go away and unh should be able to trade at, get this, i would say, maybe as much as 20 times earnings which would send the stock back to 330. Up more than 90 points from here what if trump gets reelected . Same thing if warren wins its an ordinary victory, and not a landslide, you can take the crisis off the table for the managed care the whole Health Insurance base came down too far, too fast. When unite Health Delivered a fantastic report, it came back the political unrest is baked in to the share price that means that unh, unh, even after yesterdays magnificent growth, is a buy, buy, buy stacy in florida. Caller well, im a registered nurse okay. Caller i tell you, you performed a and dont know better you helped me to get to the point where i can retire before retirement time and it all has to do with the things that you say. But there was one stock that really powered through quite a bit. And it is called aflac. Sure. Caller i dont know if you remember, but you were clowning and had your face almost to the camera lens and said buy it, and if you dont buy it, it will be sorry. Let me tell you what the stock did. Not only did i double it, not only did i triple it, i quadrupled it and then i sold it all at a profit. Let me tell you something, my burning question to you right now and im a travel nurse, i save lives, coasttocoast but you are saving my financial life, i got to tell you. You have made me a millionaire at the age of 55 not kidding you. On a nurses salary, i must tell you. Forgetting about all that, is aflac again a buy . I dont want you to go whack t want you to go back to it. I prefer the managed care stocks, unh, that is cheaper im grateful, so grateful. I had people going saying i was a clown for like 30 years. I was in my 45th reunion, and people were saying, hey, look at him, he was a clown then you make me feel like a happy clown if you want to call it that way or somebody who did a good job and i appreciate it. The managed care stocks have been in the dog house, until yesterday, they have been sprung the risk has been baked in, its a buy, stay. But in my mind im still 25. Thats why i take osteo biflex, to keep me moving the way i was made to. It nourishes and strengthens my joints for the long term. Osteo biflex now in triple strength plus magnesium. With time, comes change thats for sure. And when those changes might help more people, especially those in retirement, i think its worth talking about so, aag is introducing a new jumbo reverse Mortgage Loan so you can now access as much as 4 Million Dollars in cash, tax free, from your homes equity. Aags new jumbo reverse Mortgage Loan can give you more taxfree cash than ever before. If youve had your home for a while, its probably worth a lot more today. So why not use that appreciation for anything you need maybe its some home repairs, or updates to make it more comfortable so you can stay in the place you love. Its a viable effective way to support your other investments long into the future, and another way aag is working to make your retireme. Better. Dont wait. Get your info kit now is this market ready to fall in love with the financial tech stocks all over again. The companies had nice consistent growth and the stocks gave exposure to the Financial Sector without the risk of actual finals. Fintech lost luster and the banks have gained it the feds are going to juice the economy by cutting rates wex, the corporate Payments Company that handles fuel cards and travel cards and health care and Employee Benefits. Earlier this year the stock was red hot and then reported a Strong Quarter we have to go in the beginning of august and then it was clobbered. Since then, it has rebounded to 208 and still well off the highs. Can wex get the stock groove back, lets check in they are promoting a new initiative, its aimed at teaching people to use Health Savings accounts thank you for being here thank you for having me. I know you had a presentation and you are doing work with hsas and people say, what is it reminds me when they said i. R. A, what is that its important for you to understand it can defer payments around Health Care Payments if you have a high deductible plan, the employer probably has an hsa, often the employers will put money in them. So, that is one way of saving and on top of that, you defer taxes if you use them for appropriate reasons. Okay, so why have most americans been and you have great stuff. Why have people, dont feel like they are in the center of the healthcare eco system and employers dont feel they have friends and benefits, given you have an hsa . Its lack of information. I think people are intimidated around the concept of an hs a and fsa theres all the terms. Its part of what we are trying do with the event is make sure people are educated. If you are interested, hsa day. Com. We have information on that. Is it something that your hr person at the company has to know about could an individual who has got his own or her own business get an hsa they can. You can get it through your employer you can actually get it through our partners and our partners include bank of america, includes hsa banks theres a number of other providers that you can go to outside of your Health Insurance provider how much does it matter for instance, health and Employee Benefits was 83 million, up believable growth in Second Quarter 2019 kum can yu get it to be the largest piece of your company . Its growing, and we think if you look at the mix of the business, it will skew towards the things outside of fleet. The end i saw it in a couple of notes that your travel and Corporate Solutions business had gotten just a tad slower, with a high multiple stock that obviously was a ding. Is it any way i know you are can that pick up or was that the analysts being nitpicky the growth we had in the quarter, we felt good about it if you look at the trends around business volume, the volume is off, just a little bit i would say, kind of acrossed all of the industries compared to what we have seen historically that is, you know, part of what we are experiencing is, you know a little bit of softness just in terms of same store sales. They are still growing, 21 is still a good growth number but softer than what we have seen sgloum how about the chevron and shell deals . They are huge we are seeing the benefit of it now. In case people dont know what i mean when i say the shell and the chevron, can you walk people through it is a great opportunity to buy the stock of wex, it would help people to understand better. Sure, sure, what the Oil Companies have done, is outsourced their commercial card portfolios. Fru if you are a business and you want to have a card associated with a brand to pay, we are often the backbone associated with that. And both shell and chevron decided to outsource Sales Marketing and Credit Collections and the technology to us that is terrific. I know you have done well in the company. Another thing, hsa, so i want people to understand it. They want to go to the pc and do what hsa day. Com hsa day. Com yes and its that my old friend yes. Fantastic that is melissa smith, for wex, you do not see them behind the scenes, but they make a lot of money. Mad money back in a moment tell him were flexible. Dont worry. My dutch is ok. Just ok . Tell him we need this merger. Its happening. just ok is not ok. Especially when it comes to your network. At t is americas best Wireless Network according to americas biggest test. Now with 5g evolution. The first step to 5g. More for your thing. Thats our thing. I am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. You mighyour joints. Ng for your heart. Or your digestion. So why wouldnt you take something for the most important part of you. Your brain. With an ingredient originally discovered in jellyfish, prevagen has been shown in Clinical Trials to improve shortterm memory. Prevagen. Healthier brain. Better life. Stand up if you are first generat crowd cheering ent. Stand up if youre a mother. If you are actively deployed, a veteran, or youre in a military family, please stand. The world in which we live equally distributes talent, but it doesnt equally distribute opportunity, and paths are not always the same. Im so proud of you dad. [man] i will tell you this, Southern New Hampshire university can change the whole trajectory of your life. uplifting music high protein. Low sugar. Tastes great high protein. Low sugar. So good high protein. Low sugar. Mmmm, birthday cake pure protein. The best combination for every fitness routine. It is time lightning round. And then the lightning round is over are you ready . Geno in california gene caller hi, jim thanks for taking my call. They purchased bio seal, which is an established company and has contracts with several professional sports franchises yes caller 10,000 stores in addition to the partnership, Distribution Network put them in a powerful position for their cbd we need a ceo, if we had a packaged good and ceo, the stock would go up. Constellation needs to by more stock or they should do a buyback something good has to happen phil in new jersey, please, phil caller booyah, dr. Cramer. Booyah. Caller i notice the stock doubled, do you think he would buy them longterm yes, mark casper is doing a great job. By the way o the call yesterday, they were talking about it being the best area. I lock the stock phil in florida, phil . Caller booyah, mr. Cramer im calling in reference to the purchase of Alder Biopharma on buy back kaching, kaching, you have a big garngs lets go, lets go, lets go ian in pennsylvania, ian caller hey, cramer hows it going. This is the second ian in the same time, from pennsylvania what is up caller i want to know what you feel for home group . If its not walmart, amazon, costco its been a loser justine in florida caller thank you for taking my call. Over the last few days, i have been dumpster diving for Procter Gamble that is not dumpster diving its a pretty good stock i like it at this level. They have a great quarter. They are doing a good job. Been down for a couple of days but all the stocks are down. Lets go on joan in maryland joan caller i want to tell you how grateful i am to you i really have done extremely well with you. Awesome thank you. Caller i i bought shop and i bought it at the highest point and it dropped down, should i hang on to it i want you to hang on, i have reports next week. The 29th, talked about it in my action words plus. Com club we like the stock very much. Interested in buying it back after the stock comes down, but i dont want you to sell the stock. If anything, be a buyer. Lightning round announcer the lightning round is sponsored by Td Ameritrade us only on what you want. Okay, its got screeners and watchlists. And you can even see how your predictions might affect the value of the stocks youre interested in. Now this is what im talking about. Yeah, itll free up more time for your. Uh, true crime shows . British baking competitions. Hm. Didnt peg you for a crumpet guy. Focus on what matters to you with thinkorswim. And now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Whatever happened to dividend protection . How can the stock of macys give you a 9. 6 outside yield how can bp offer 6. 6 yield even though they have more than enough cash to increase the payout. And how about schlumberger, and action alerts. Com name how about kohls, they have been a millstone and makes my angry and with the 5. 3 yield, stocks cannot get real lift last week, i pointed out that dividends protect the stocks of safe consistent companies in the environment. Think utilities and nonreal Estate Investment trust. Everything else is not putting up much a defense. They are all perceived as being growth challenge and schulmberger is going to miss the challenge. And nobody wants to catch a falling knife, even if it has a big dividend, and same for pipeline and partnerships, that have yields, but no growth and then, no buyers. Utilities are doing great. Their earnings are consistent, not episodic, and its the stock that lets you sleep at night, now that they closed on their deals. Nothing like a merger in utilities that will give you a growth that stock is a buy. Right now, my favorite is its merging, and again, because they have only have a few more years of patent protection, they assume abbvie is going to run out of growth. Abbvi bought allergan for a 63 billion addition to stock. They are going have growth because of botox, and maybe the most important, the pill for acute migraines. As the Spokes Person for the american migrain foundation, i will predict its going have going have a great bet this bill is on the verge of being improved and it will boost next years earnings note to the fda i could use it now, please, along with millions others the netflix may change things along with ibm, but lets deal with today, i think abbvie is the way to go it and has more room to run. Stick with cramer. And why is that . It aint got that vacuum in the back, whoo sucking stuff up what else are we gonna find . We got to go. Vacuum in the back, hallelujah get 0 financing for 60 months plus 2,250 total bonus cash on the 2019 chrysler pacifica. You should be mad they gave this guy a promotion. You should be mad at forced camaraderie. And you should be mad at tech that makes things worse. But youre not mad, because you have e trade, whos tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. Dont get mad. Get e trades simplified technical analysis. People expected netflix to miss the earnings n but they blue it but they blew it away and the stock rallies. So that stock is getting slugged, i know its hard to figure it out. Ibm was a disappointment, and netflix, a positive surprise i like to say it as always, theres a bull market somewhere always, i promise to find it for you. Im jim cramer and i will see you tomorrow 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. Is a couple with a followup to a very successful product. Hi, sharks. My name is matt griffin. And im his wife, pastry chef emily griffin, and were from carmel, indiana. We own bakers edge,

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