The nasdaq just inches up. 2 . It spent a lot of time being way down of what a very ugly swoon the house of pain. I get it values is lagged investors are dumping gross stocks at some point today it is pretty much breathtaking fashion. Someone watching these rotations coming and goes over decades of observations tell me how it works well before we gotten the opening bell around 4 00, 4 15 every stock seems to be indicated higher it looks like a big broad base movement that could reverse a huge chunk of last week selloff between five and six being led by tech. There is just one problem. Inge investors have no idea whats coming in the next 48 or 72 hours or however long it takes to count the vote. Everyone is sick of the election they want to make some money in spite of it not because of it. I dont think anything will withstand the fire in the actual Election Results at least not the short term. Traders are determined to make money everyday they are refused to be deter by the virus or the belt box. Viola comes Jp Morgan Research you always love that when someone sends it to you. Be careful, it is 166 pages. No one wants to print it out a lot of trees what does it say it says time to abandon growth to switch back for back. I think it would have been more valuable before te valuable te valuable before tech comes up. Well, thats exactly what happened see i look at the piece, it makes some sense valuations are stretched i love amazon. I cant argue it is cheap stock. The ceo of five 9, he delivered one of the best quarters of the year picture perfect. Zoom video had a great run it is a high trade 50 times sales, not earnings and even apple. Finally climbed high enough to join the over 30 times Earnings Club they are begging for some profit taking same goes for the rest of faang, facebook and netflix and alphabet alphabet did plan such a good quarter. They all suffered hideous. Most of them suffering hideous liquidation. In rotation that money does not disappear in the market. So where did all the tech money go oil, all the oils as the price of crude is down at the lowest level. Chevron up 4 . Did you see the quarter on friday it was so ugly i didnt want to waste my time on it. The industrials, 2 , that i said may grow they missed their quarter after stabilizing and getting a little rally today. Today 5 where are the buyers of 162. Jp morgan was the cheapest i have seen. For this stock, they gained 2 well, i dont know they have found gold in the fall this move was easy as the rotation, suddenly the value stock found themselves at the net. Hammering down the throat. Only a handful of red hots were able to hang in there. Snow flake, the most expensive stocks in market what was jp morgan pieces . As it happens, we got it stronger than expected pmi number today this very morning which sent the rotation. Jp morgan is onto something. As we got closer to the end of the day, tech got its mojo back. It felt that jp morgans report was already in the window. Now before i get to the specifics, i got to tell you i hate these growth verses valu calls. Why . Makes you want to catch it what if the recommended action is wrong what if value is not a coherent category second, rotation is making you suspend any work you have done in individual stocks forget exxon and and techron. Hard to find anything with regular oil, right wrong. The oil business is terrible in rotation nobody wants to let the facts get away with the story. Hello, there is an election tomorrow once we have certainty on the outcome. The value stocks will be spent how do i know this i fear that there is some parts that we keep it from running thank you, jp morgan however, once you find out who the next president is. There are over 100,000 new cases on friday and the pandemic is frankly out of control which is bad news for america whether you like or hate the president good for the stocks, it helps promote digitalization, it helps us working from home regardless of a win tomorrow, well get another stimulus package, maybe later this month or january when ever that comes, it will be too late to offset the economic. Sadly thats when growth thrives. Right here, i love this. I was going to put it right here almost need detectible help. If President Trump wins, hi his if biden wins, well get a lockdown and people are afraid to leave their home. Youre finally getting a chance to sell some strength. Here is the bottom line. When ever you see someone preaching about growth verses value, you got to remember that there is growth, there is value and there is a little known third category called no value the beaten down stock deserves to go lower. The no value names are like roach hotels buyers check in and they cant check out. Unless jp morgan steps in with a bullish piece about value verses growth that gives you a chance to escape why dont we start with clayton in indiana booyah mr. Chamber. Booyah. First, i want to thank everything you do. Thanking my brother harris for introducing me to your show because i am learning so much. Oh, thats so nice. I am working for guys like you lets go to work my question has to do with twitter. I am aware that the company has been under a lot of pressure regarding censorship the stock continues to drop even after fridays 20 shift i wonder if now is a good entry point. Theyre going to recommence the buy back i see no catalyst but it gotten too cheap. Lets go to kevin in indiana. Booyah jimmy. I love the eagles by the way. I know anybody beats the patriots, i love anybody can beat the patriots whatses t whats the problem there it is as lowbar there apple technology. This is a great content delivering company, working with the biggest brand and great Cloud Security government, work from home stock. It is fantastic. And providing good results i dont understand it would miss the quarter really bad it did miss the quarter. I am surprised in your great state of indiana i think coach frank wright is the genius wholl end up in the super bowl yeah yes. All right, rotations that come and goes. I am kind of sick frankly. All they do is turn you and make you trade. Thats not what we are about there is growth and value and there is no value so are the oils mad money, a winner is coming. Preparing demand for its product, clorox, it is back on the rise i am talking to the new ceo. With covid restrictions an lockdown rises in the u. S. , many are looking for ways to pass the time i am going to find out the new company that many of you asked about could elp. It is a dirty business is it time to do a little dumpster driving no, i am not talking about any fantasy teams. Stay with cramer dont miss a second of mad money, follow jim cramer at twitter. Have a question, tweet him him, madmoney, send jim an email at madmoney. Cnbc. Com or give us a call at 1800743cnbc hey, dad hey, son no dad, its a video call. You got to move the phone in front of you like. Like its a mirror, dad. You know . Alright, okay. Hows that . Is that how you hold a mirror . [ding] power e trade gives you an awardwinning mobile app with powerful, easytouse tools and interactive charts to give you an edge, 24 7 support when you need it the most plus 0 commissions for online u. S. Listed stocks. Dont get mad. Get e trade and start trading today. If youre concerned about the environment and climate change, how do you find companies that are driving the right outcomes . If you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities . For nearly 40 years, calvert has delivered competitive returns by investing in Companies Making a difference because we see value in doing good. Talk to your Financial Advisor about investing responsibly with calvert. T you can go your own way sor about investing responsibly go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save hundreds on your wireless bill. Plus, get 300 off when you buy the Samsung Galaxy note20 ultra 5g. Learn more at your local xfinity store today. I told you to circle what runs around the covid bull market covid market is like hygiene where clorox is crushing it. This morning clorox reported higher than expected sales you must never see that kind of number especially from a consumer package no wonder the stock surged nearly 9. More than 4 today can this thing keep roaring . Lets take a closer look with the new ceo of collorox. Congratulations on your ceo job. Thanks jim, it is great to be here i am happy to continue our tradition on joining you on mad money. Oh, you are awesome i am reading this, we are still not at a point where we can meet ongoing elevated demand, i mean demand must be insane because this has been going on for two quarters demand has been incredible, not only on our cleaning and disinfecting products which we have seen demand up as high as 5 but we are seeing broad base demand across our portfolio and with that we are able to grow double digits this quarter were seeing broad base support as we continue to support people as they stayathome and eat more meals at home and cleaning and disinfecting more. We install when we get together, we are always making campfire and always cooking and usi using this obviously we are not alone we hear so many people are doing what you are doing theyre staying at home and cooking more at home about three quarters of people cooking at home than precovid, they are grilling more and theyre doing that for everyday meal occasions theyre using Hidden Valley as they have lunch at home instead of picking up a lunch at the office more people are Drinking Water the one i didnt see coming and i am always worried about this category. We use the ones that smell good which is terrific by the way because the trash smells bad before that. Glads record double digit sales growth i love what you are doing in terms of packaging what we focus heavy on is innovation in a category thats not great with people that have to deal with trash we make it better by delivering trash bag that dont rip and have great scent we Just Launched a trash bag glad with clorox that keeps away the food odor that people are experiencing as they stayathome. Well continue to deliver and well know well continue to have Great Results with this business moving forward. As someone believing in the bull market and hygiene, i was gratified to see that not only you are sticking with good promotion but you have up 30 budget to get the word out to me tells me you are playing offense. Were playing 100 offense thats exactly right we have such a moment here for our brands where more consumers are bringing them into their household across their portfolio and we have seen household penetration thats stable and increasing double in our portfolio year over year we have the highest percentage of people saying our portfolio is superior yon record. We want to take an opportunity to play offense. We are increasing our advertisement by 30 this quarter. Well continue that. We want to serve more people around the world and we have a unique opportunity to do that as peoples behaviors are changing. I have clorox wipes in front of me. I had the discussion with my spouse another wave is coming, stock up again. We dont have enough to handle it i am sure thats occurring in many households in this country and around the world we turn to clorox for help jim, i am so glad you do and i am so grateful to Anyone Around the country who does that we feel privilege. I just want to reassure everyone that our absolute priority is declining as many wipes and disinfecting products as we can. We made tremendous progress and we are running our supply chain 24 7 we are committed to getting as many as we can as we go through this unfortunate second wave one last thing i want to point out that your goal is to have 100 recycle aable and r reusable by 2025 we understand what people are doing in the short term as they are at home and simply using plastic. We are deeply committed to the sustainability goals that we set as a company and thats the signature goal that you just talk about and we are well on our way to get there we want to ensure that we are doing Good Business while doing the right thing for the planet and helping people thrive. Well ensure that progress to ensure that goal so you are going to keep the philosophy of paying people to keep the environment thats right. It was something he instilled in all of us and something i have continued passion for and all of the people here at clorox and make sure we are great people of the environment. What is your personal view of how we are doing here because i know a lot of us think that it really gotten out of control that we lost control of the pandemic judging by this depth of the strength of your products, i had to conclude thats an honest judgment i think there is so much good that people are doing trying to stay home, Wearing Masks and washing their hands and ill encourae would encourage people to do that using disinfecting products. The cases are rising, we want to keep people safe we ask everybody to stay distance and Wearing Masks and washing their hands. Whats the best thing we have right now. I want to thank you very much linda rendle for coming on the show the ceo of clorox. Good to see you. Thank you what a stock. What am i going to say you dont feel like profit cheering on a pandemic but you have to love this. Mad money is back. Hey, our workers comp insurance is expiring. Should i just renew it . Yeah, sure. Hey there, Small Business owner. Pie insurance here with some sweet advice to stop you from overpaying on workers comp. Try pie instead and save up to 30 . Thirty percent . Really . Sure get a quote in 3 minutes at easyaspie. Com. That is easy. So, need another reminder . No, im good. Reminder for what . Oh. Ho ho, yeah need workers comp insurance . Get a quote in 3 minutes at easyaspie. Com. Use a single hr software . Nope. We use 11. Eleven. Why do an expense report from your phone when you can do it from a machine that jams . I just emailed my wifes Social Security number to the entire company instead of hr, so. Please come back. How hard is your Business Software working for you . With paycom, employees enter and manage their own hr data in one easytouse software. Visit paycom. Com for a free demo. Hon . First off, we love each other. That selling carsarvana, 100 online wouldnt work. But we went to work. Building an experience that lets you shop over 17,000 cars from home. Creating a coast to Coast Network to deliver your car as soon as tomorrow. Recruiting an army of customer advocates to make your experience incredible. And putting you in control of the whole thing with powerful technology. Thats why weve become the nations Fastest Growing retailer. Because our customers love it. See for yourself, at carvana. Com. Everybody is laserfocused on the election. I want to help you make money regardless of how things play out tomorrow lets talk opportunity yesterday the dow and the s p kr crawled back a decent chunk. You know what stayed down . Tech thats where we want to go shopping we are not buying into the notion that tech is done we are buying into the notion of opportunity of tech. Remember back in september when the market got flooded gamers stock prices at 17 bucks and people oh, i want a sticker. It did rally to 20 by the end of september as analysts start rolling out their coverages. What a bargain it was. People are startling to take notice we got a couple of calls, i am constantly being asked about it on twitter this Company Makes beautiful products and more importantly it reminds me of logitech one of the great winners of covid19 millions of people need their keyboards and cameras to set up new home office. It may be worth buying into weakness like the recent pull back i think this is an opportunity so of course your gaming deserves to be in the same breath of the big winner logitech video games is one of the great growths of the era there are over half a billion of people worldwide who gaming on their computers. Put it all together, we are talking about a 30 billion market of pc gamers. I think there are opportunities, too. This one is easier gaming head sets and keyboards and highperformance controller and recorder so you can record yourself playing on the internet people love this stuff memory cases and power supply unit and cooling system. When it come s to highend game equipment, every segment they operate. Now you can say all this stuff is commoditized. Their computer cases selling at a 45 premium, their cooling system is selling at a 86 premium everyon their high High Performance it tells you everything you need to know of the strength of the brand. Playing video games but it is becoming a huge business and sport. In fact you can argue this is the closest that republican republicans the First Six Months of 2020, nearly 42 revenue growth, thats a massive acceleration from last years 70 growth we want organic, acquisition is not good the covid related surge business is impressible it is expanding by leaves and bounds from 19 to 26. 7 of course, you are starting to turn profits going for the super predicting of the business, the component side is much more important. It counts for 36 of the companys profit the big money in peripheral, an increase of annual growth rate of 2023. Those are solid numbers. The current covid fuel growth may not be sustainable trying to give you both sides here putting it all together is impressive story. Memory of the tech commodity overtime they expanded to lucrative markets and fancy gaming gears and recording equipment are better businesses than dram modules they got a bunch of competitors with deep pockets which is one reason this company is spending so much. Not to mention marketing so far, it stayed on the offensive and borrowing a lot of money to finance a series of smart acquisition. I think it may hold off and paying deals until they pay that debt down. You need to watch out for cloud base gaming. Companies like google are trying to set upstreaming services where you play your game on their hardware and send it to you to the web just like cloud base inner cloud software. The technology is not there yet. The share of their sells coming from those peripherals that i mentioned. You still need your head phones or mouse or whatever it is a private equity in other words if they control corsair and not you. Either equal trees stay in control or gradually selling down their stock their stock has as totally not insane valuation remember though this thing just recently turned profit here is the bottom line. Crsr a crsr is a publicly traded company next week. Corsa corsair is 23. The low 30s. Dont want to get too bullish. David in michigan. David. Booyah, professor cramer. You are going to save mahiny lie tonight. All right, let me give it a shot my stock is down for the day and more than the s p and it is down in up days. Insiders sold 58 million the last few months. Net loss of 3. 7 ptm. Is this a buying opportunity as i said at the top of the show, we are right now a at what i regard being near the apex of a Movement Getting out of tech and move into value. I think this one is caught, if it was next week at this time you could rally on a quarter that is company of jfrog it got a silly name but it is a good company tech is where you want to go shopping here. As they go down, remember not aggressive because we are not at that apec yet. I am letting you buy small positions because your gaming is coming down. You got to wait for the results. I think this one got upside. It feels like i dont want to say it is logitech much more mad money ahead. Im siting down with the ceo of. If we see a modified lockdown. And our tonights edition of the lightning round. Stay with cramer this is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Ing. Do i feel like a little trash talk thats because of my Dallas Cowboys last night thats not the kind of trash talk we are going for. I mean little trash, as in stuff that gets carded away. The top disposal business, a stock that we like so much that we learn from a charitable trust. This is based in houston and not dallas what a good quarter, that matters because this company is fabulous for the broader economy. When times are good and a lot of construction and generates more business i think thats a lot but dont take it from me. Lets check in with jim fish, the ceo of waste management. How are you . I am good, jim, how are you you are still able to do incredible numbers this must be a combination of savings and a team thats more digital and a team that knows more how to do its job obviously we were down and everybody expected revenues and volume to be down. They were down less than expected so thats good news actually the real story was we can operate this business during covid and well take it for the longterm. You just finished your big acquisition, i am hoping that you will standby what you talked about of the acquisition i think your number would be better the first half of next year well, thats the plan it was long in closing and it took maybe longer than we expected but we are thrilled to have it closed and it closed last week and thats what we plan to do is extend this whether it is digital side of our business lets talk about covid in your company lodging, education, stadiums and restaurants. These are all big trash generators they got to be down big. Is there any hope for them well, so here is the beauty of this business and our company specifically we dont have exposure to one individual segments. We have exposure to multiples and every segment of the economy. They have recovered a bit. Theyll rekocovere more next ye. The beauty of our business is we have essential businesses out there thats been doing well even in march, april and may housing has been good you got this big Housing Developments and that produces a lot of trash it does thats a segment that we have exposure to. It is doing well and the economy had a really good nice bounce back from the number this week housing is going to be a piece of that. Well do well with housing and our construction and demolition business was down in a quarter some of that was year over year comps providing a bit of a difficult comparison we think that housing will be positive for us in 2021. When we look at a biden win and you says if we get one numbers have to come down . Well, we expect if joe biden wins tomorrow that hell likely raise he talked about that, hell likely raise corporate taxes back we moderate it to be 28 we are not sure. It is a bit of wait and see. It is smart to plan just in case it was one moment that i was surprised. How can recycling start to get better i thought there is no place to put the stuff. It was a money loser and if anything i want you out of it. I think there is two reasons on recycling we put new dollar in technology. We opened a new recycling facility in chicago last year thats very few people and almost all digital equipment and that has done extremely well we are doing the same in salt lake city, we just opened that recycled facility and another one in raleigh, North Carolina the other is the demand more Paper Products and plastics have escalated this year. A lot of these Paper Products producing higher demands for us. I am sure there are a lot of card board that frankly of what it is made of. As china gets out of the import business, a lot of it comes out of the united states, that ends up good for us you end up making some head way and esg initiative i want you to talk to the people about this a lot of people feel like all you are about trash but you are being thoughtful about some of this stuff it is important to understand we are the biggest recycle in north america and the biggest trash company in north america we are focused on the east side of esg when we think about some of the investments we made, an investment in the company that turns paper and plastics into a billi building materials, we are excited of our Sustainability Movement here and the remaining aspect of esg. This is the biggest year of the social aspect and we focus on diversity and inclusion. If you are just focusing on this year, you are behind the curve we have been focusing on for five or ten years. We are proud of what we have done you kewent to camden, new jersey, we saw a station of natural gas. Is there any way you are interested in green natural gas, hydrogen specifically on our vehicles, thats an alternative for us right now we transitioned to about 70 of our fleet is c g, natural gas. We can pivot quickly if the Technology Comes along, either hydrogen, we are looking athleta at Electric Company inthe prayer and we can do the same. We can pivot quickly if technology starts to appear viable ithinkit is great because you guys are a leader and you can drive the country towards it jim fish, congratulations on beating and raising on a quarter where some firm didnt know what they were doing. Great to see you, sir. Thanks jim this is not in expensive stuff. It is down a great deal. Some analysts felt theyre going to miss a quarter, they obviously did not do that. Take a look at it. Mad money is back. Tmobiles been building its 5g network for a moment like this. Introducing the iphone 12 pro with 5g. Now at tmobile, the leader in 5g coverage, you can unleash the power of the epic iphone 12 pro in more places. Get 2 iphone 12 pros 2 lines of unlimited 5g for just 100. Only at tmobile. Americas largest 5g network. And sweetie can coloryou just be. Gentle with the pens. Okey. Okey. I know. Gentle. Gentle new projects means new project managers. You need to hire. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database so you can start hiring right away. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. It is time for the lightning round. Are you over k. R. In pennsylvania booyah, whats going on whats going . My wife and i love your show, she says hello as well hello right back to her my company tonight i heard referred to as the amazon of africa and we bought some shares around 6 or 7 and it is up about 16. The company is jumaya. I like this idea now, it is a speck. People told me it is the ebay amazon of latin america. No one listens and boom. I say this is a good speck lets put it that way. I need to go to gary in florida. Gary booyah, professor cramer. Long time and second time today i am calling about cyber gem. Theyre promising and they report november 4th. We dont care about it. Thats in total speck of development. I like the idea as long as you put it in your total speculative column lets go to tim in pennsylvania. Hi jim. Booyah booyah. You are part of the state for the election you betcha. I was watching your show seven months ago nio was around 3. You said it would hit 5 and it was not going anywhere now it is in the 30s this thing did take off i admit i was late to the party to this one. I went down to 2 and it has been the tesla of china i have to give them credit, i think it does play higher. You can blast me all you want on twitter. Better to admitted than to be blasted and hide it. How is that . How about kia in california . Booyah we want to congratulate you. We love you all day and everyday my question for you is good old sabre. The answer is nay, nay, nay thank you for the comment. If you look at the leine items f google, lets stay away from that lets go to robert main marylan. Robert booyah jimmy yeah. Oh yeah i want to say real quick, thank you for being the light thats guiding us all through this dark times. I appreciate it. Trying to stay positive constru constructive lets be constructive together i am a beginner investor, i love Cyber Security and this polling since ipo came out, whats my next move on crowd strike i love crowd strike it is one of the absolutely best that includes the lightning round. The lightning round is sponsored by t. D. Ameritrade we made usaa insurance for veterans like martin. When a hailstorm hit, he needed his insurance to get it done right, right away. Usaa. What youre made of, were made for. Usaa dont settle for silver 1 for diabetic dry skin 1 for psoriasis symptom relief and 1 for eczema symptom relief gold bond champion your skin and the closures of bars and restaurants. If biden is serious of taking his cues from science, here is a good chance hell take these questions away from the states right now if you listen to President Trump, you think of Biden Administration needing a european lockdown. No one is floating that idea right now of the democratic party. Theyre talking about a limited partial shutdown we dont know if any of these will be relevant there is almost three months from now and the time of covid seems like forever still, if biden wins, the federal government will get aggressive of slowing the spread of the virus most of the Companies Already adapted in the new world, preparing for another wave of infections a partial lockdown would be great for stocks if you go to the latest quarter, amazon sets its own target to spend its own earnings on safety they made a huge bet that well have a hard winner if covid cases keep on spiking and why would they supply chain will remain intact. Cant say that about the other guys i think sellers should be sho shortsighted chipotle is one of the few restaurant chains have a comprehensive plans to deal with shutdowns. This hopefully it will not happen third, in door dining place forced to close, we are dominated by dominos pizza. It is all delivering target and walmart, they were vigilant throughout. They have been prepared for biden or trump even if we go back for a full lockdown, theyll be back open like the spring. What else . If a Biden Administration spends a lot more money on testing, you do want to owe more of testing places clorox and estee lauder are fine under the lockdown everybody boys more clorox estee lauder is essential right now because masks give a lot of people acne. We call it masne when you put this on, you will get a big pimple like this one right here that makeup is trying so hard. Go ahead, see it makeup is trying so hard you cant with that bad boy. All these names will work with both of these candidates registrar le regardless of who wins tomorrow. A partial lockdown could get really ugly if Congress Fails to pass at stimulus package i would like to say there is always a bull market some where. I promise to
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