Transcripts For CNBC Mad Money 20240713

Times Peterson Foundation poll, only 14, 14, 14 of families own stocks outright. Meaning the market is creating all this wealth for the few, not the many 60 of americans dont even know that stocks are up for the year and theyve advanced 24 hallelujah so after a sedate day where the dow gained 28 points, the nasdaq climbed 0. 05 , lets talk about what the heck is going on here i think its a lot more complicated than simple ignorance. The first reason why people who can afford to own stocks are sitting on the sidelines earning very little, the disastrous bear market at the turn of the century impoverished a whole generation of individual investors who got burned by chasing, yes, the hottest stocks imaginable when the dot com crash hit, it ended the greatest love affair ever told. I was part of it i started the street. Com in 1995 immediately found hundreds of thousands of people with a thirst for any investing knowledge to level the Playing Field. Between the rich and the not so rich at the top we had valuations that were through the roof with unsustainable and even Fraudulent Companies being pumped out by the hundreds by investment banks it was travesty. No one protected the public and individuals lost so much money that they swore they would never come back. But half a dozen years later, investors started wading back in and thats when they got hit with the financial crisis. And once again people lost gigantic sums of money as huge institutions simply vanished i think the onetwo punch of the dot com crash and ailiented potential investors. And the crash of 2015 sure didnt help. Thats when hundreds of billions were lost in minutes because the machines that control the market went haywire people feel like the whole asset class is rigged against them you just dont have a level Playing Field between the hedge funds and the hapless poor investors. The second indignity, individual investors lost all their champions, both on wall street and washington 20 years ago i used to tag team with dick grasso, the former ceo of the New York Stock Exchange through his long tenure at the exchange, dick was tireless promoter of longterm investing in individual Great American companies. His main goal, he wanted people to make money over the long haul by owning the stocks of compa companies they like. We used to call it owning a piece of america and we loved it back then there was a real sense that a rising tide lifts all boats. We didnt hear tons of stories about the ceos making millions while the others get nickel and diamond. Grasso subsequently retired in 2003, in public outcry about his pay package. I got to tell you, he was worth it but the next thing you know, a true champion of the little guy had departed from the scene, and since then, no one has taken up dick grassos mantle maybe it was decision decision to avoid linking to a disgraced class they wanted to run from. Maybe owning a piece of america became a relic, a thing of the past maybe its the joke of having hundreds of etf who lose money or miserable double and triple etfs that separate from their money on a daily basis we used to have leaders who championed owning individual companies. Now we have nobody, or at least nobody with any power. You throw in all the scandals, the chicanery and the completion lack of punishment for the executives who nearly brought down this economy and this country during the great recession, its easy for bears commentators to grab the microphone it doesnt matter theyve been consistently wrong about the stock market, this is a cynical year where saying anything negative sounds smart. If you Say Something smart and something goes down and they play it on youtube, youll look like an idiot. There are these permanent bears that i have a real outsized voice, and something we know thanks to michael semblist, the he has been high quality work on what he calls the armageddonists they do an amazing job out of scaring you out of stocks into bonds, usually at the worst possible moment. They give no credit to ceos at an microsoft or amazon for them its all doom and gloom. Theyre all famous the armageddonists, i know every single one the media is not much better the medium is the message. Relative reporting a positive Economic News on select cable programs, and it turns out there is almost no reporting about positive Economic News my jaw dropped when i saw that it was last on the list of stories that these Cable Networks covered i wish i could share with you, the jp morgan piece of research. Its stunning. Now, of course, i should have shown. Bad news gets better ratings than good news i only get contacted by the National Broadcasters when someone wants to talk about how terrible things are and why you should panic its painful its wrong you think the world is ending, but actually, things are pretty good so i cant really blame people for failing to recognize how much money is being made in the stock market, especially in the best performing individual stocks, many of which we feature all the time here, including tonight, three of them but thats why i felt so fantastic after last nights interview with those two gents from robin hood. Theyre at the vanguard of rekindled interest in stocks theyre leveling the Playing Field. Theyre democratizing owning the pieces theyve already got 10 million accounts up from one million a if you years ago which puts them in the same league as the major discount brokers we know its less money, but man, theyre just start, and theyre starting by owning stocks i love this trend. I know that big money can be made owning stocks i see it and hear about it every day, have all my life. These new investors are doing so well they believe in buying what they know and putting the stocks away they own index funds, but they know that individual stocks can coexist with an index portfolio. Theyll do well owning a piece of america, a piece of progress. You know whats best these 10 million investors, theyre willing to overlook the constant barrage of negative shortterm news to do some longterm thinking and theyre doing it at a relatively young age when they can afford to make back their losses if indeed something goes wrong, and it does the bottom line, dont let the armageddonists and the negativists and the hucksters scare you away from owning stocks there are vast sums of money to be made here, and far too many people are missing out because theyve been frightened away from the whole asset class do not sit on the sidelines. Time 20 get on the field its time to get a piece of a Great American company and let that ceo work for you. Cindy in georgia, please cindy . Caller hi, jim. Cindy, whats up . Caller i want to tell you that i love the show, and i wanted to ask you about something i spoke with you about a month ago which are you still positive about the future of Sage Therapeutics after the miss and n the Clinical Trial results this morning i had such high hopes, cindy. Major depression is such a terrible thing, and it looks like this that sage, you know we i it was just a sad thing. Looks like its not working. A lot of us really felt this was going to be the big breakthrough we knew they had great work on postpartum dr. Jeffrey jones had joined us on the show. It did not pan out i would not sell at these prices, but it was a major blow. It really was. Lets go to kevin in florida kevin . Caller hey, jim, from naples, florida, and a happy action alert member. Oh, excellent, thank you. Caller thank you in may, along with the club, i bought chopper 5 for 250 and got out at 360 like you said in august this past monday, the networks had an analyst on who talked about thanksgiving day, weekend sales and how shopify was up 25 the same period. Yes i am looking to get back in. Yeah, i know. And look, i was doing this thing. I do this thing stocks versus stats for this bull market fantasy show i do. And Catherine Ross who works with me, okay, listen, who is going to have more yard, so and so or shopify . Shopify at 360 shop pie is probably not done. We made money for club members i should have got back in. I felt that there was going to be a revulsion of the high multiples, the zoom videos, and the oktas, the companies i really like. It turns out there is a revulsion right now. I think stay away from shopify stay away. Its better than some of the once i mentioned in terms of how its doing, but its gotten 250 high jay in colorado, jay caller dr. Cramer, booyah booyah, doc. Caller ive been following you for 15 years, tv, books, everything i owe everything to you, and i cant thank you enough for all the things youve taught me over the years. I owe my entire style to you. Will you please call my wife. She is mad at mebecause i don want to take the dogs out tonight. You can make this thing right with her caller i dont blame you, cramer seriously. Thank you caller so bynb, beyond, im following this ive been averaging down right now that thing is down 50 over the last 90 day. Yes. Caller it gets even better the one month relative strength has now dipped below that 30. Right caller so its kind of like indicating an oversold, but to boot you have costco who just announce heard this going to be keeping i thought that was a very significant move by costco, because they are very concerned and quality conscious. Ive done some business with them all they ever care about is quality. And i felt that ethan brown is doing something really great here, beyond here is my approach to beyond. Youve got to think about it in the two, three, four, fiveyear perspective, because its going to be too crazy. But they have a longterm view, and i think that vegans, vegetarians, and nonvegetarians all like it. Im not recommending the stock, but i do think you could own it for the longterm. All right, guys, when we get these dips, youve got to get off the sidelines. Dont put it all at once there is money to be made, lots of it. On mad money tonight, i found a winner in the tariff mitigation business, and it may surprise you ill reveal the name in just a bit. And its one of the best performing stocks of 2019, but can chipotle continue to keep it going into the new year . I got to tell you, its burrito something. I sat down with the companys top executives at one of the new york locations it looked so good, i wanted a burrito breakfast bowl, they dont have them. And shares jumped in december. Im talking to the brandnew ceo and old friend Bill Mcdermott from sap to find out whats in store, so stay with cramer dont miss a second of mad money. Follow jimcramer on twitter have a question . Tweet cramer, madtweets send jim an email to madmoney cnbc. Com. Or give us a call at 1800743cnbc miss something head to madmoney. Cnbc. Com. When it comes to using data, everyone is different. Which is why Xfinity Mobile is a different kind of Wireless Network that lets you design your own data. Choose unlimited, shared data, or mix lines of each and switch any line, anytime. Giving you more choice and control compared to other top wireless carriers. And now get 250 off when you buy a new Samsung Phone during Xfinity Mobile beyond black friday. Plus, you can save up to 400 a year. Click, call or visit a store today. As retail earning season finally draws to a close, the trade war is really separating the weak from the chaff. Buy, buy, buy dont buy, dont buy i told you this industry is full of have and havenots, but now im thinking its a little more complicated than that really we have four levels, starting with the best and going to the worst first we have the retailers that have such Strong Demand they can simply raise prices to pass on the price of the tariffs to you, the consumer this is pretty exclusive club. Last night 5 below blew away the numbers and told us a great story about tariff mitigation. The rapidly expanding store explained that price increases more than offset the future china tariffs. And thats how great their business is. No wonder the stock surged 5 today, and it is not done going higher other than five below, i think cramer fav, rh, the old Restoration Hardware falls into this category. He shocked the lights out, which is why the stock pole vaulted 13 today. Hallelujah even though they still source lots of stuff from china, they dont care about price they care about quality. Nobody goes bargain hunting at Restoration Hardware below these two there is a category that is good but but not as great the larger retailers where the tariffs are naf, not a factor. Target is the best at this they told us the tariffs would be de minimis. They can force their supply, even the chinese to eat the cost of trumps import duties once we get to third category were in the have not territory. These are retailers that are somewhat at the mercy of the tariffs, somewhat more than we expected thats dollar tree hence the chaos on the Conference Call. They havent found a way to mitigate the damage enough five below, a chain where everything is supposed to be five bucks or less but they have a bunch of products selling for 5. 50 and theyve gotten zero pushback from the customers. A at the same time theyre hoping ten below costco, good numbers last night, how much they really might be. Theyre pretty cavalier about the tariffs, but why not they can afford to be because they make so much money from membership fees. I worry about home depot they said only about half of their inventory was mitigated. Not enough to reassure us after unusually sloppy quarter with not great execution and a stock that continues to go down. The in the worst shape, a good company, hasbro, even though the stock is up nicely, they missed the most recent quarter. The toy industry, all made in china. Wait a second, last night, when we heard from the ceo of mattel, he told us that they pretty much solved their china problem i think that stock might be an enticing buy down year at 11 bucks and change finally the there is the fourth category, oh, boy, the retailers that are so screwed up the trade war is basically a nonstory. Macys performed so badly that nobody really cared about the trips. This morning they lost their great number two to a Company Called tractor supply. One of my favorites, but leaving macys for tractor supply. Same goes for the kohls china is the least of their problems just as china and five below are so good, macys call may be so troubled for everybody else in retail, its all about how they mitigate the damage, and now you can run any retail stock through that fourstep prism to find out whether its worth buying or just a hard pass stick with cramer. From the depths of a food safety scandal, this company is sizzling, and investors are placing their orders for burritos and shares. As Consumer Trust has been restored, can chipotle serve up returns for home gamers. A lot of good people have made a lot of money for you. Lets talk about one of 2019s biggest winners, though, Chipotle Mexican Grill this company delivered a phenomenal turnaround out of nowhere. Its stock is now up 90 for the year, making chipotle one of the five best performers in the s p 500. Less than two years ago the Company Brought in brian niccol from taco bell, and he has master minded an incredible comeback invested heavily in technology for digital order and takeout to boost throughput. The lines were so long he rolled out a Loyalty Program introducing excitementing limited Time Menu Items like the delicious carne asada that changed my life. Well, at least on friday earlier today i had a chance to sit down both with brown niccol of chipotle and longtime guest jack hartung, the cfo. Take a look. Brian and jack, you have engineered the fastest turnaround i have ever seen from the depths of a restaurant how did you do it . Well, you know, what we started with, first of all was recognizing whats the core business to chipotle, which is great ingredients, Delicious Food, and great people and we went to work on that. And we put together a new team, which i think are the right leaders. We built the right culture, and thats really driven all the way down into our restaurant, and i think thats why we are where where we are today. And this man never lost faith. No, luckily he stayed the course. And more importantly, he knew how much money you had you bought at precisely the right time how did you know the company was going to come back. Tim, when i joined chipotle in the early 2000s, it was a tiny little company, but i believed in what it stood for. I believed in real cooking and i knew it led to a better eating experience both in terms of taste, in terms of health and the environment as well. My job, from the beginning, was to make sure the economics work. I didnt know we were going to go through the tough times but i wanted to make sure that the economics worked so we continue to buy this great food, continue to invest in great people it so happened that financial strength we built, we built a strong Balance Sheet when we hit tough times, i never lost faith in the brand. I just knew at that time we were going to come out of it. I believed we would come out stronger than ever i wanted to buy back our stock and make us stronger it worked out. You can never predict exactly how its going to work out, but the financial stuff ended up paying off when it turned around. Its how you getting to one of the five best names youre at the top. Sure. So its empirical that youre doing it you guys are doing something ive not seen any restaurant be able to do youre making money on delivery. Youre making money on the chipotle youre making money all the things that can be in things that are losing money for restaurants. How is it possibly you are expanding Gross Margins that are hurting Gross Margins for everybody else the fact is we have a second line that we do all our digital and off premise orders so the fact that this front line right here doesnt get bottlenecked as a result of, you know, all those occasions, delivery, digital ordering, the chipotle where you can pick it up in your car that all happens on a separate line it comes from the same kitchen, gets made fresh to order, and it doesnt have to interfere with that instore experience and i think that is a huge advantage we have, and thats really what we build from. A loft people i think are always trying to figure out how you can have fresh, how it can travel well, how it is healthy it is delicious, and how its inexpensive. Yeah. What are you doing to keep the prices down that made it so people dont pay too much for the finest you know, jim, we started building the supply chain that was built around better ingredients in the early 2000s before it was kind of a fashionable thing to do. We were a Small Company back then, and at the time we were building a supply chain to support our growth we made sure we found efficiencies along the way so we can afford these very fine ingredients. It wasnt something we started in the last year or two. Its been in our heritage for a long, long, long time. Our economic model was built around this idea of sourcing fine foods, doing all the cooking. Our crew is in early in the morning well before the register is open so were investing in labor, but our motto was built around that when we were a very Small Company. We just made sure we kept that all along the way as we went from 50 stores to now over 2500 restaurants. The economic model is still the engine that drives this. One of the things that also helped is ownership. Second, ethos. You came from a different business model, from taco bell a lot of people also were skeptical that, well, wait a second, is that a cultural clash. How did you resolve the two now that youre almost in two years so that it was not something that people said oh, thats heretical and its going to hurt the culture of chipotle. Look, i think i just took the time to understand the chipotle business when you realize what is unique and special about chipotle, those are the things you want to spend your time on and Company Ownership and owning all the restaurants, you quickly realize weve got over 80,000 employees. Right. That make our concepts, our experience terrific to people, and that was a big change. And that was something, though, that i think is a huge asset, because as jack just mentioned, these folks are in here every morning, prepping every morning to give people Delicious Food and get them down the line really quickly ive had opportunities to work in a lot of other businesses. Right and you just have to understand what makes that business special, how do you make money in that business and make sure you got the right culture and the right people and i think you can figure out how to then drive that business accordingly. People tell me in an environment, you cant get the right people you cant get them at the right place. What is the difference with chipotle versus the others where i think you are still getting the aspirational people who want to run their own store you have to believe in people you have to invest in people and you have to have a purpose and chipotle has a purpose with our fooditos the people who come to chipotle, they know about the ethos. Sometimes they interview and understand anderson about the ethos and wow, i want to be a part of that but then you have to invest in them well teach them how to work in a kitchen, thou run a business well also invest in their education outside of chipotle. You can get a fouryear degree at chipotle. We invest in things Like Mental Health and things like that. We want to invest in the whole person we know if we get the right people that believe in what were doing and we invest in them, theyre going to be great contributors for chipotle for as long as they want. To not everyone is going to have a career at chipotle, but while theyre here we want this feel appreciated and were going invest in them as a whole person. The investment extends to even the food chain, something you Just Announced that i think is so rigorous and so not what i call green wash, meaning for show with farmers. Yeah. Thanks for bringing that up. We announced that were going to be supporting Young Farmers in a bigger way and if you want to end up with real whole nutritious food, Animal Welfare practices that are we believe are the right way, you have to invest in the young farmer and unfortunately, its a tough business to get started in, and its only becoming harder and harder so i think we announced this just yesterday that going forward, well be doing grants for Young Farmers. Weve always had a longterm relationship mniman ranch. When you see the differences between factory farming and a true local Community Farm that is a part of a family for a long time, you just see the difference in the way they approach the food, the way they approach their community and really the way they approach the planet so we believe its a critical thing for us to support. If we want to stand for food with integrity, then we have to support the supply chain that delivers food with integrity when you came, in you had to believe that given not just one, but two instances of food issues, which happened to a lot of companies its not just chipotle, did you really think it could turn that fast, that the American People would forget or the American People would love chipotle so quickly that you get the doubledigit same store sales almost in your industry overnight. Yeah. Look, its definitely the results have come faster but what i definitely believe is the brand stood for something special, right as jack mentioned, we have a purpose around cultivating a better world, food with integrity. I believe thats how people want to eat thats how people will eat in the future it was a matter then of just making sure we have all the right practices and processes in place to make the experience as safe, give people the confidence, the trust that they could count onchipotle for every experience we now see the skill, one of the great skills one of the great promoters and advertisers, this new ad campaign it is yours . And the new dishes are they yours look, we are loving the behind the foil advertising. I think it gives people a real peek how you wind up with great food like this and one of the things i love, i heard a comment on our most recent advertising of carne asada. Which is how great . Terrific. Its terrific. I cant get enough of it literally. The thing thats terrific about this is you literally see our guys putting the steak on the plancha. And it happens right in front of you. And thats what were showing in the front of you thats how you end up with carne asada that is so tender, so juicy, so flavorable look, its a real gift to have the opportunity to work on a company like chipotle. For us, when we hear and want Something Like, this were so afraid of lines, were so ray frayed of delays but you did really figure out through put. You figured it out better than anybody. Its been in the dna, right, jack right chipotle who came up with chipotle . That was well before me i dont have the insight on that. Genius. A chef came up with it. Thats why chipotle has a strong food ethos listen, im a finance guy. I could never come up with food like this. It was chef. The beauty of chipotle from the beginning, it was customized exactly what you want along the line, but fast youve got have great people youve got to have customers that really they need to understand the line as well. When theyre in sync, the line moves faster. Lightning. Any other Fast Food Company just kind of a last weird one, but right under here is what many people think our favorite addition is avocado it had really just stymied everyone in the Restaurant Business i know mexican how are you no longer making this to be the subject of the Conference Call . Well, look, fortunately, the avocado crops are pretty robust going forward. Right. But there is always going to be volatility. Were dealing with fruit, and hopefully fresh. Fresh fruit and hopefully it will stay a plentiful situation. But it is one of the things that weve got some volatility to deal with. Were working with other countries, peru, colombia, et cetera to see where else we can get avocados but we never want to compromise on the freshness and the tastiness. Im going to leave it on the never compromise, because even in the depths, you told me you would never compromise and people would come back and thats exactly what happened thats brian niccol, the ceo and jack hartung, the cfo. Congratulations, gentlemen, on this remarkable turnaround. Thanks, jim as ive been telling you all week, the wall street fashion show has turned against the cloud stock, at least for the moment i think youre getting maybe the best chance this year to buy some servicenow is a company that helps businesses automate all sorts of information technology, and much more. Near the end of october, servicenow reported a strong quarter. The stock got hammered from 240 down to 220, a in a couple of days time. Why . Long time ceo gets poached by nike so the company decided to bring in Bill Mcdermott, the fantastic ceo of sap, the german Enterprise Software titan. I told you to buy servicenow because bill is so bankable. Hes the best. And now the stock is back at 273, even though it pulled back a little bit today the cloud stocks out of favor. Lets check 234 with Bill Mcdermott, the newly minted president and ceo of servicenow and a titan when he ran sap. He got a sense of his vision for the company. Mr. Mcdermott, welcome back to mad money. Thank you very much, jim. Its an honor to have you. An honor to be with you. Bill, ill tell you, i dont think anyone in the world is better right now for servicenow. Thank you, jim. Youve got the best rolodex, you have the clients, the knowledge. Thank you. So tell me, why do you want to do it jim, you said it best in your article yesterday. This era for Digital Transformation in the enterprise is the biggest Growth Opportunity of our time. Its that simple and if you think about servicenow and what servicenow does, it creates immense experience value in these enterprises. It makes work work better for people its time for people to be happy when they go to work they should feel the same enjoyment on the digital device at work as they do on sunday afternoon when theyre watching like the eagles. I know, we do, we do. Updating their Financial Information or reading articles. Its got to be simple. And were going bring simple to the world. But youre also going to bring a size and scale that even some of your fabulous coworkers have said in the time since you joined and its been a short time. Yes that. You are a bigtime guy. Im talking about theyve had a lot of great contract, million dollars. Youre a ninefigure guy. Right. You can bring in that kind of business for servicenow. Absolutely. There is no doubt. This week, jim, ive been to 25 different customers in eight different city, and i listened to them, and i know what they want they want to absolutely transform and digit advertise their business the days of the 50year cycle thats gone on where software can be put in enterprises not properly activated, takes too long to get the value out of it are over its all going to the cloud. Its all got to drive customer experience, Employee Experience and shareholder value. There is no quicker way to get you there than servicenow, because here is the idea there is one Public Sector entity i met yesterday they have 85 different systems now, jim, if theyre going to replace those systems and put new ones in, it will be two decades from now before the work is done. We, servicenow, in a matter of weeks will redesign the work flow on the servicenow platform and make an endtoend vision happen whereby in this case Human Capital management can now get managed on one clean portal. Everything is mobile, and all the things from employee onboarding to selfservice to managing their activities can be done in a simple, quick way. Bill we know over time it started with onboarding and i. T. , and i wish we had it so great, so easy but you can take that platform in a million ways now, cant you . Thats the big thing. The beauty of this platform is it started out with i. T. Right and of course its the standard in the industry Everybody Knows that but it goes into Human Capital Management Customer Service management. Think about financials one of the cios today of major bank said to me i view it as my digital assistant. Of course this big transactional systems, but i need one that gives me my information on a dashboard on my phone so i can make decisions in realtime this is also true for governance, risk compliance, anything having to do with running a company, we can do it simple but, bill, if im in any of these verticals in the cloud and you got a guy who ran sap, cant you train your guns on pretty much anybody because i know youre a competitor, but youre also a friend absolutely. But the big thing about servicenow, think of this, jim, we are the platform of the platforms. We dont need anyone else to lose for us to win we actually take the data from those platforms, aggregate it on our simple platform and we create work flows across silos that make companies work, and they Work Together as teams. So now process simplification in the cloud is as easy as point click and done so i know i went to your unbelievable last confab, and theyre legendary in new york. The greatest talks, and everybody is there, including competitors because theyrespec your view, what youve done. Can you work with sap to help grow because you left on great terms. Of course i would sap i consider to be a juggernaut in the Enterprise Application Software space i have 100,000 women and men that are my friends. Nothing can change that. The other thing is there are even Cloud Companies that in some ways have overlap with us i still will work with them. We should have a very healthy ecosystem in software and do what the customer wants us to do one cio told me today, bill, we need you guys all to Work Together because in the end, there is plenty of room for everybody, but we need servicenow to be that enterprise layer of technology that makes processes and work flow simple and thats what we do. Well, i would tell you, and i want people to know this that there is a lot of times people should be cooperating and collaborating, but they dont, because they dont have a man like Bill Mcdermott who wants everybody to win. Yes. Everybody thats the way its been since i met you. Except for on sundays when the eagles have to win that is Bill Mcdermott, servicenows newest president and ceo. And ive got to tell you, as great as this company has been i liked it with sluman iliked it with donahoe, now is its time mad money is back after the break. Lightning round is sponsored by Td Ameritrade it is time its time for the lightning round. Calls one and bieuy, buy, bu sell, sell, sell. And then the lightning round is over are you ready, skeedaddy in ill start with louis in ohio, louis . Caller taiwan semiconductor. Good company, good company. But i prefer nvidia, or on this dip, marvell technology. Buy, buy, buy john in michigan, john . Hey, jim. Love the show. Just wanted to know what your thoughts about gas log partners. I think that that dividend is suspect. I wouldnt touch it. Let them come on air and explain to us how they have the cash flow to be able to do it and that might be okay lets go to arnie in florida, arnie . Caller hey, jim, big booyah from sunny florida. There you go. I wish it was so nice here take me down there whats up . Caller listen, jim, ive been watching bed, bath beyond for bbby, ever since that guy mark tritton came in, and put some good Board Members on it, that stock, i am saying now from 13 buy, buy, buy. And im not done. I like it. There is room for them too lets go to joe in new jersey, joe . Caller hello, jim cramer hey, joe. Caller thank you for my call welcome. Caller with this menscher of oratani financial corp. , should i still hold on to Valley National bank . Yeah, i know its sleepy. You have the compound dividend i thought it would go to 14. It hasnt done that but its a very good company and in a growth stage the problem of course is taxes in the state are so high that i think its actually hurting sally mac. I mean it. Johnny in north carolina, johnny caller hey, jim, happy holidays to you. Same. Caller i was calling about wendys. With all the Health Trends changing over time, is it going toby a good longterm bet . Well, i dont know. I mean, i understand the double super baconator does have a bit of a cholesterol lipitor faction to it. But they have a breakfast thing coming out theyve got 20,000 people coming their breakfast is going to be incredibly strong. You should buy wendys here ahead of the launch for the breakfast, because its going to be terrific. And that, ladies and gentlemen, is the conclusion of the lightning round [ buzzer ] the lightning round is sponsored by Td Ameritrade incs platforms and education. I see awardwinning service, and a trade desk full of experts, available to answer your toughest questions. And i see it with zero commissions on online trades. I like what youre seeing. Its beautiful, isnt it . Yeah. Td ameritrade now offers zero commissions on online trades. Can the biggest winning stocks of 2019 keep up the momentum in 2020 look at Something Like Edwards Life Sciences, longtime cramer fav medical device maker that has revolutionized the treatment of Heart Disease with a noninvasive heart valve treatment taking stock all over the world. Today edwards held its annual Investor Conference in new york city i really like the management forecast depth wall street a little tepid, down 1. 3 dont read too much into the action this is all about the fashion show edwards is the kind of consistent grower i want you in. Its one investors lose interest in every time they feel too confident about the global economy. The dips are to be bought, no sold this remains a very compelling story. So why dont we take a closer look with the chairman and ceo of edwards life science, get a better read. Welcome back to mad money. Good to see you, mike. Good to see you. Thanks. I was going to your presentations and having spoken to a prominent heart doctor you and i know, this is what edwards does they want people to live longer. You that mission, it is clear. Yep, it is simply clear and really, thats what stimulates our team. Weve got this fantastic team. And what turns them on more than anything else, yes, they have nice job, nice pay, nice benefit, nice offices. But its the fact that they have a mission that its around helping patients and helping patients is our lifes work. Thats the end of our credo. And that inspires people to do incredible things. I am fortunate to meet many of your team they have an ethos its riddled throughout the player, its just goodness. Oh, yeah, were into it we have this rare opportunity because we make things like heart valves, we can actually have patients come back and meet the people that created their heart valve and so forth and those kind of bonds and those interactions built incredible sense of responsibility at the beginning of the show today, talked about how people can see and know things, and it produces great stock ideas, but they have to know. My late dad was in hospital in university of pennsylvania and his heart doctor was sensational. He said i like Edwards Life Sciences why . Right now we have to crack peoples chests open its bad they have to stay in the hospital a lot of them dont make it. You can use their thing and dont have to crack the chest cavity you buying no i like some of those. Comes. And the fact is you revolutionized the industry. Its spectacular. The transcatheter aortic valve replacement is incredible. In the past when your aortic valve narrowed, circulating cass yum and less blood came through, the solution was opening the chest, stopping the heart. Now a small hole, in under an hour, you can have your heart valve replaced these folks are recovering very quickly. Theyre only a day or two in the hospital many are not even anesthetized theyre awake during the procedure. Its truly miraculous for these patients youve got some tremendous briefing, rehospitalization for heart patient one year, very high for just the people with that kind of surgery and obviously the cost of the. We hear about how the system, no costs ever go down im looking at the person who has probably saved billions. Well, you know, we call it the triple wave. When you get one of these procedures, we cant always do this in medical technology, lengthen lives, improve caught and lower co quality and lower cost you continue to invent new products for what you call the largest underserved population in patients over 70. Youre dealing with baby boomers who are desperate for the new things that are coming up. What are some of the things youre going to help us with there is some natural processes that just go on as we get older, and these cardiovascular disease is generally a progressive disease. So when youre older, things are going to go wrong. These structures of the heart, its got a lot of different flavors for it, were the ones that really focus on that. We make it our number one focus. Its the only thing that we feel like we need to do there are so many unmet needs amongst these patients, replacing their heart valves and repairing their heart valves are a big part of it but whether its holes in the heart or being able to reshape it, all those kind of things are what we focus on and think we can make a difference on, and whats different today and tomorrow compared to the past is we expect to be able to do it with small catheters, and do a little miracle on the tip of a catheter and have a quick recovery as opposed to what used to be open chest procedures. When i read through, i felt like that the awareness is too small of the great news. People say oh, a chest procedure, theyll be laid up for months people dont understand, regurgitation, its an issue i talked about with my doctor. I looked into your company these are no longer the fatal illnesses because of what you guys are doing how do we get the word out yeah, its a big deal and as a matter of fact, the practice of medicine generally changes slowly it takes a while for us to really come into the atmosphere. We put a lot of energy into creating big evidence, right things that get published in the new england journal of medicine and so forth, but still it takes time. Its sad today that so many patient, even ones with severe aortic stenosis or severe microregurgitation do not seek treatment, and these treatments are getting quite good we try and tell patients, look, if youre feeling dizzy and so forth, see your doctor, go get an ultrasound, get diagnosed and get treated. It will change your life. Do you think theyre afraid that if they find out that theyre worried that theyll die and not realize that maybe this is why they couldnt move . When we talk to patients we do a lot of this they have theyre not so much afraid of death. They want to make sure their quality after life is great. And i dont think they have an appreciation for the fact that these procedures are pretty straight forward and put them on a very different path, and they can go back to delivering the life they want to and do the things important the stock doubles since mike was on the show last i want you to look at the deck its really easy you dont have to be a Rocket Scientist or doctor to understand what these guys are doing, and there is terrific video about what their culture is like for from when they started. Do all these things. Thats mike mussallem, the president and ceo of edward life sciences, a remarkable Company Stick with cramer. It only becomes more entangled. Unaware that an exhilarating escape is just within reach. Defy the laws of human nature. At the season of audi sales event. 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. Thats what happens in golf nothiand in life. Ily. Im very fortunate i can lean on people, and that for me is what teamwork is all about. You cant do everything yourself. You need someone to guide you and help you make those tough decisions, thats Morgan Stanley. Theyre industry leaders, but the most important thing is they want to do it the right way. Im really excited to be part of the Morgan Stanley team. Im justin rose. We are Morgan Stanley. The revulsion to these high multiple High Growth Companies continues tonight with soon nvidia reporting a good number and reporting a not that great number and the stock just being annihilated. In the meantime, i want to caution you, i like servicenow with Bill Mcdermott. You heard him speak earlier. And that is the kind of stock that is going to keep going down with these others, but you got to buy into it, because mcdermott is going to make that company go to the very next level. I said that because i watched this guys career all my life. I like to say there is always a bull market somewhere. I promise to try to find it for you right here on mad money. 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. With a new twist on a wedding tradition. Hi. My name is kimberly aya. And im her son koray, and were from grand rapids, michigan, and our company is funcakes. Were here today asking for 285,000