Transcripts For CNBC Mad Money 20240622 : comparemela.com

Again today. Dow advancing 70 points and the s p climbing whats going on here . Why the heck are Money Managers leaving the very best in order to pick at the raggedy rest . When i say nobody likes these stocks i say most of the bigtime Money Managers and an acts vift that we interviewed yesterday just didnt want to go to those areas. They didnt seem to like or trust these businesses. For example, bill akreman, smart guy, made companies with restaurants and railroads, said he fears buying into businesses that could be wiped out by a disruptive competitor virtually overnight. He likes Companies Like Warren Buffett describes a business that can be taken down from the proverbial better mousetrap. The Money Managers who repeatedly year after year have gone back to the stock because theyre cheap, have given in and surrendered and theyre not able to take the pain anymore. The house of pain too hard to analyze, and you what . These Money Managers might very well be right theoretically. I think its time we speak truth to power and say just how wrong their thesis are playing out right now. The hottest stocks in this market aside from takeover stocks are companies with Disruptive Technologies and the financials. I know you can miss both of them and im sensitive to what these bigtime Money Managers think of as tech and what they fear. House of pleasure. The house of pain theyre in the wrong address. Take intel. Last night the once greatest growth stock of the Previous Year reported a big upside surprise, and the stock immediately jumped 10 and as always the people who bought the stock didnt listen to the Conference Call and revealed themselves as the special idiots that belong on an anonymous wall of shame because we cant identify who they are. But when you listen to the Conference Call you realize that intel far from being a buy is another tale of woe and a business so levered to the personal computer that all of the good work with the acquisition of altera just isnt enough and it gave up almost all those gains in regular trading. Stacy smith, the companys sensational cfo said intel had been models midcomputer dlierngs but oops it turns out that it is and i quote kind of down in the high Single Digits. Ouch the other only other striend thats declining in that rate is the coal business. Im not kidding. Listen to the csx Conference Call and you see if youre getting ready to low single digit decline in coal and now its seeing the high Single Digits and lumps of coal and pcs, who would have think it . Trying to reduce its dependence on personal computers for the cloudbased products and so is hewlettpackard, but they cant outrun the decline. Hey, ibm and oracle and what youre trying to expand in the cloud and they cant outrun the declines and the rest of their core businesses, either. So i totally get the reservations by these big money men because what they think of as tech is rapidly getting outdated, but i wonder if they know software and data and the provider of Analytics Software is better than anything legacy and we hit another alltime high. I wonder if theyre familiar with service now and only a few points off its high with one of the companies out there. Sure the companies can be disruptive and not yet in their formative periods. I didnt know anyone liked facebook yesterday and yet other Companies Keep writing checks to facebook and then they get 200,000 back in business and its the preferred way for everyone to advertise who is trying to reach the younger people and every time im trying to reach millennials and he turns it over to facebooks advertising people and they seemed to all have Computer Science degrees who are smarter than anyone to keep the customers. Again, thats another company that doesnt seem to come up ever and then there is google. One that no one talks about and vrpt talked about it for ages and thanks for nothing, because the stock rallied up 3 on top of being up 10 in regular trading on expense discipline and no doubt ordered by the new cfo, the one that weve been talking about that will be the game changer there. Morgan stanley and thats why we turned positive. Lets not just use information tech. How about biotech . Where were these big time Portfolio Managers with receptos which i may have next week or celgene on the acquisition . They were nowhere, thats where, because they see farmers, merck, glaxo or pfizer and noboth businesses with dubious pipelines. Theyre looking at old pharma and not new pharma. Lets go there. I didnt hear anybody talk at all about the entertainment worldwide, netflix. Sure, the tech is infused with creativity, but its tech nonetheless and it reminds me the Pacific Ocean with no pearl harbor in sight. No wonder it rallied 18 today alone and is the bestperforming stock in the s p 500. Of course well have more about netflix later in the show. The last few years everyone wanted it and that was great. They were awful and now theyve given up on the banks just when the most important expense is coming down and coming down hard. The legal expense. The Justice Department the Justice Departments bank grand inquisitor tony west has left the building. Hes going to pepsico and that was the signal right then and there when he went to raise the numbers of banks. Yes, the yield curve with interest that can tell us what you get in the deposits is going higher because of money demand and because the fed will raise rate, but what these Money Managers miss is the fear and loathing of the Justice Department and believe me it would have taken the artistry of cramer fave writer hunter s. Thompson to describe the bizarre, byzantine world that the big banks have been forced to pay. Some of these banks have paid billions in Legal Defense and end up billions to the United States and fines. I could have argued like my former hero former ceo of wells fargo that wes might have done better by putting bad guys in jail rather than having shareholders. You caught the beginning of the major run in all of the big banks when wes left to Greener Pastures of pepsico. Right then they should have gone, hold the buy, but they were too busy thinking inside the box. The swing factor was legal expense, and the bank of america or citigroup or j. P. Morgan for that matter and the people of Goldman Sachs who seemed to be a quarter behind are still being hit with big litigation fees and thats yet stocks lost almost a percent today after it reported but in the end i come back to the fact that these Portfolio Managers are creative with finance and plain whooped with finance itself where the real action is. I say theres more than one way to skin the cat. Heres the bottom line the big cat, the lions and tigers they dont live in the cages that these Hedge Fund Players hunt in. Youll find them hidden in the big game of great open spaces where theyre harder to find but a heck of a lot more profitable when you nail one. Why dont we go to michael in my home state of new jersey. Michael . Caller booyah, jim. Booyah, michael caller how are you . Could arent be better actually. Thank you. How about you . Caller good. Is it a good time to invest in financials like the Carlyle Group with the recurring fed rate . We dont need to be in those. We dont need to be a hero. Weve got the wells fargo. Lets not outthink this thing. Were back with john who is always better in the show and i dont take it personally when he slights me and doesnt go on it. [ crying ] how about ben in new york . Ben caller big booyah from white plains jim. Good afternoon, sir. White plains near my sister. Whats happening . Caller great stuff. Exciting news today in the stock market. Ive been looking in this one company for a number of years now and the supply for oled and ppg. I know they just had a management change. What are your feelings on this . Is it still something to buy . I was personally stunned and i was on tv with carl and david on squawk on the street and i saw bunch is retiring and becoming executive chairman and carl asked me what i thought of it and im sure chuck bunch picked ape great guy and hes one of the most bankable ceos ive had on the show and i said the stock will go down without him if hes retiring and the stock went down and i have to recalibrate. I think chuck bunch is that great. I have to recalibrate. Hes one of the greatest executives in america, and i wish him the best of luck and i be hes staying executive chairman but it did make me feel wow i like chuck bunch. Ppg is good and i like chuck bunch. Janice in california. Janice caller this is janice in chico california. I covered a homicide i covered a lot of stories in chico. Whats going on . Caller id like to thank you for sharing your knowledge and advice all these years. Thank you. Caller heres my story. Last year i decided to follow what carl icahn was doing and even though something really good happened after the close today im really concerned about hertz. Is it a sell or a hold . No. This after the close put is closer that ive been looking for to be able to say and coulding irregularities no longer equal sell for this one and it cut the earnings per share by 11 cents and theyre in good shape and theyll also do the spinoff. I want you to hold on and i say congratulations for being patient enough to be able to profit ultimately from hertz. Times, they are achanging but the big Money Managers are listening and not all of the big cats live in a hedge fund cage. Sometimes you have to take a walk on the wild side to bag a real winner. On mad tonight, the only way to score huge gains and just look at the prosaic Dominos Pizza with the Yellow Banana peppers and its up 11 and today ill ask if he can keep bringing in the heat. Then oh my netflix it went up another 18 today. Is it too hot to handle . You dont want to miss my take. Dont miss my exclusive with the ceo of keycorp, stick with cramer theres something in the water. Are you making deadly mistakes or getting the most out of your money . Cramers got the answers on the key commodity on wall street before its too late as chart week continues tonight. Dont miss a second of mad money. Follow Krim Jim Cramer on twitter. Have a question . Tweet cramer madtweets. Send jim an email to to madmoney cnbc. Com and give us a call at 800743cnbc. Miss something . Head to madmoney. Cnbc. Com. There are only four companies out there that have a higher percentage of their business outside of the u. S. Than us. Sure a speculative biotech stock that works out can give you like receptos of over 550 but if you think thats the only way to make big money, youre seriously mistaken. Take dominos the location with 700,000 locations across the globe. I think dominos is a better example of how to make money in the market because this stock has given you a staggering 1,000 return since i got behind it in january 2010 and its up 704 since i interviewed Patrick Doyle more than five years ago and this is the terrific stock that goes higher and higher and higher, year after year after year and even though dominos has run up 23 year to date im convinced that its got more room to run thanks to the brilliant allfranchise Business Model and its rapidly growing business and the Fabulous Technology that lets you order customized pidz as through their app or through a text message or twitter. This morning dominos reported another topnotch quarter off a 79cent basis and more importantly a staggering 12. 8 pertz increase in domestic samestore sales and the increase in the International Numbers that would have been a heck of a lot higher if not for the super freaky strong dollar. Rather than going higher dominos stock dropped 3 today, and i told you that was going to happen because the stock runs up ahead of the quarter and it has a tendency to sell off no matter how good they are, plus the companys cfo announced hes retiring and thats something wall street doesnt like but you know what we have to find out more. Patrick doyle, the president and ceo of Dominos Pizza and youre worried about the quarter and where it is headed. Patrick, you said it just a fantastic quarter, right . It really was. Just terrific. Couldnt have been happier with the way the quarter went. And every time we see your absolute best quarters you know your stock goes down and thats usually because people know how bankable you are. I saw nothing other than the cfo so im asking pointblank, the cfo is younger than i am so why is he retiring . Hes going to go do some hunting and fishing. Hes just ready and hes been here 16 years, and mikes been a phenomenal part of our success. Sad to see him go but he deserves the opportunity to go do some other things he loves, and weve got a fabulous replacement in jefford. Jeff is terrific. Hes been training for this for 15 years here at dominos. Hes going to be great so theres absolutely nothing to worry about that. All right. Terrific. You have a lot in this quarter and you talked about the reimaging in the stores more than ive seen in a long time. Is that because when you reimage a store it does better . It does. Not a lot on an individual store, but were becoming more and more convinced that as were getting a mass of stores done its helping to drive this terrific brand momentsum that we have. So what were seeing as more and more of the stores are done and theyre not seeing the old dominos its just elevating the overall brand and what people are seeing in the stores is consistent with what theyve seen from the food, the service and the technology. So we think its definitely contributing to some of the momentum that weve got. Now, when i see something on the Conference Call like for instance that you have an emoji that people use, i want to know if its cute or is it add . Weve been trailblazing on the creative with digital. Were not giving out specifics on how the mix is going with all these platforms, but whats absolutely happening is as we keep coming out with all of these new things that were doing around digital, its keeping dominos top of mind. Its showing our customers that were responding to the ways that they want to access the brand, and thats clearly been a big part of whats driving all of the sales. Both domestically and around the world. Thats what i wanted to talk about, which is that i think advertising is different for youth. Advertising is looking at an emoji when you skreel through emojis and advertising is looking through your twitter following and advertising is checking your facebook. Those are, would you say equal now to your unbelievably good tv spots . You know, i think from a straight spend perspective, its not yet. We still spend a lot more on television but as we see the rli continuing to build on these Different Things you know both kind of the paid advertising that we do in social media and plus the overall presence there and the ability to order there through, as you talk about the emojis through techs and tweets and all of these things its driving kind of awareness and relevance with our customers and particularly the younger customers and clearly a big part of our momentum. You have very good breakouts this quarter. I always tell you, you guys are so transparent. I absolutely love it. The july investors presentation and you really make a very clear point that its still coming from the smaller mom and pop people that youre taking. Youre not saying listen were wiping out pizza hut with the Samsung Smart tv and our android or apple watches. Youre not saying that. Youre still saying that its taken from the smaller person right . Yeah. If you look at going back five years now, probably six share points in the pizza category have gone from the smaller players to the big players, that has been and continues to be the big story and, you know clearly weve been growing more than anybody over the last few years but pizza huts big. Theyll get their act together and theyre doing things to get more momentum there. The big story is that the Major Players still only have 40 of the pizza business in the u. S. Weve been getting more than our fair share, but if we can keep that momentum going, theres a lot of growth thats going to happen for us. Do you think i cant leave out the fact that there are other companies that are in the quick serve business. Do you see any take away from a mcdonalds that a lot of people feel its lost their way each though i know anybody can make a comeback. I think part of the lesson day, what we worry about the most and the financial metric that i am most concerned about is how are the franchisees doing and how are the stores doing . If theyre making a great return, theyll continue to invest in the brand and theyll be energized about it and were seeing that come through from store builds. So you know mcdonalds will get it together. Its a phenomenal brand. Its one of the Great American brands. Theyre going to get it there, but if youve got that energy from your franchisees which we clearly do domestically and internationally, that feeds the overall momentum of the business more than anything else. We dont talk about that a lot and people feel mcdonalds have lost the franchisees. Another great quarter and its amazing. The market gives us buying opportunities because they think its always over. It has arent been over. Its got more years ahead and Money Managers<\/a> leaving the very best in order to pick at the raggedy rest . When i say nobody likes these stocks i say most of the bigtime Money Managers<\/a> and an acts vift that we interviewed yesterday just didnt want to go to those areas. They didnt seem to like or trust these businesses. For example, bill akreman, smart guy, made companies with restaurants and railroads, said he fears buying into businesses that could be wiped out by a disruptive competitor virtually overnight. He likes Companies Like<\/a> Warren Buffett<\/a> describes a business that can be taken down from the proverbial better mousetrap. The Money Managers<\/a> who repeatedly year after year have gone back to the stock because theyre cheap, have given in and surrendered and theyre not able to take the pain anymore. The house of pain too hard to analyze, and you what . These Money Managers<\/a> might very well be right theoretically. I think its time we speak truth to power and say just how wrong their thesis are playing out right now. The hottest stocks in this market aside from takeover stocks are companies with Disruptive Technologies<\/a> and the financials. I know you can miss both of them and im sensitive to what these bigtime Money Managers<\/a> think of as tech and what they fear. House of pleasure. The house of pain theyre in the wrong address. Take intel. Last night the once greatest growth stock of the Previous Year<\/a> reported a big upside surprise, and the stock immediately jumped 10 and as always the people who bought the stock didnt listen to the Conference Call<\/a> and revealed themselves as the special idiots that belong on an anonymous wall of shame because we cant identify who they are. But when you listen to the Conference Call<\/a> you realize that intel far from being a buy is another tale of woe and a business so levered to the personal computer that all of the good work with the acquisition of altera just isnt enough and it gave up almost all those gains in regular trading. Stacy smith, the companys sensational cfo said intel had been models midcomputer dlierngs but oops it turns out that it is and i quote kind of down in the high Single Digits<\/a>. Ouch the other only other striend thats declining in that rate is the coal business. Im not kidding. Listen to the csx Conference Call<\/a> and you see if youre getting ready to low single digit decline in coal and now its seeing the high Single Digits<\/a> and lumps of coal and pcs, who would have think it . Trying to reduce its dependence on personal computers for the cloudbased products and so is hewlettpackard, but they cant outrun the decline. Hey, ibm and oracle and what youre trying to expand in the cloud and they cant outrun the declines and the rest of their core businesses, either. So i totally get the reservations by these big money men because what they think of as tech is rapidly getting outdated, but i wonder if they know software and data and the provider of Analytics Software<\/a> is better than anything legacy and we hit another alltime high. I wonder if theyre familiar with service now and only a few points off its high with one of the companies out there. Sure the companies can be disruptive and not yet in their formative periods. I didnt know anyone liked facebook yesterday and yet other Companies Keep<\/a> writing checks to facebook and then they get 200,000 back in business and its the preferred way for everyone to advertise who is trying to reach the younger people and every time im trying to reach millennials and he turns it over to facebooks advertising people and they seemed to all have Computer Science<\/a> degrees who are smarter than anyone to keep the customers. Again, thats another company that doesnt seem to come up ever and then there is google. One that no one talks about and vrpt talked about it for ages and thanks for nothing, because the stock rallied up 3 on top of being up 10 in regular trading on expense discipline and no doubt ordered by the new cfo, the one that weve been talking about that will be the game changer there. Morgan stanley and thats why we turned positive. Lets not just use information tech. How about biotech . Where were these big time Portfolio Managers<\/a> with receptos which i may have next week or celgene on the acquisition . They were nowhere, thats where, because they see farmers, merck, glaxo or pfizer and noboth businesses with dubious pipelines. Theyre looking at old pharma and not new pharma. Lets go there. I didnt hear anybody talk at all about the entertainment worldwide, netflix. Sure, the tech is infused with creativity, but its tech nonetheless and it reminds me the Pacific Ocean<\/a> with no pearl harbor in sight. No wonder it rallied 18 today alone and is the bestperforming stock in the s p 500. Of course well have more about netflix later in the show. The last few years everyone wanted it and that was great. They were awful and now theyve given up on the banks just when the most important expense is coming down and coming down hard. The legal expense. The Justice Department<\/a> the Justice Department<\/a>s bank grand inquisitor tony west has left the building. Hes going to pepsico and that was the signal right then and there when he went to raise the numbers of banks. Yes, the yield curve with interest that can tell us what you get in the deposits is going higher because of money demand and because the fed will raise rate, but what these Money Managers<\/a> miss is the fear and loathing of the Justice Department<\/a> and believe me it would have taken the artistry of cramer fave writer hunter s. Thompson to describe the bizarre, byzantine world that the big banks have been forced to pay. Some of these banks have paid billions in Legal Defense<\/a> and end up billions to the United States<\/a> and fines. I could have argued like my former hero former ceo of wells fargo that wes might have done better by putting bad guys in jail rather than having shareholders. You caught the beginning of the major run in all of the big banks when wes left to Greener Pastures<\/a> of pepsico. Right then they should have gone, hold the buy, but they were too busy thinking inside the box. The swing factor was legal expense, and the bank of america or citigroup or j. P. Morgan for that matter and the people of Goldman Sachs<\/a> who seemed to be a quarter behind are still being hit with big litigation fees and thats yet stocks lost almost a percent today after it reported but in the end i come back to the fact that these Portfolio Managers<\/a> are creative with finance and plain whooped with finance itself where the real action is. I say theres more than one way to skin the cat. Heres the bottom line the big cat, the lions and tigers they dont live in the cages that these Hedge Fund Players<\/a> hunt in. Youll find them hidden in the big game of great open spaces where theyre harder to find but a heck of a lot more profitable when you nail one. Why dont we go to michael in my home state of new jersey. Michael . Caller booyah, jim. Booyah, michael caller how are you . Could arent be better actually. Thank you. How about you . Caller good. Is it a good time to invest in financials like the Carlyle Group<\/a> with the recurring fed rate . We dont need to be in those. We dont need to be a hero. Weve got the wells fargo. Lets not outthink this thing. Were back with john who is always better in the show and i dont take it personally when he slights me and doesnt go on it. [ crying ] how about ben in new york . Ben caller big booyah from white plains jim. Good afternoon, sir. White plains near my sister. Whats happening . Caller great stuff. Exciting news today in the stock market. Ive been looking in this one company for a number of years now and the supply for oled and ppg. I know they just had a management change. What are your feelings on this . Is it still something to buy . I was personally stunned and i was on tv with carl and david on squawk on the street and i saw bunch is retiring and becoming executive chairman and carl asked me what i thought of it and im sure chuck bunch picked ape great guy and hes one of the most bankable ceos ive had on the show and i said the stock will go down without him if hes retiring and the stock went down and i have to recalibrate. I think chuck bunch is that great. I have to recalibrate. Hes one of the greatest executives in america, and i wish him the best of luck and i be hes staying executive chairman but it did make me feel wow i like chuck bunch. Ppg is good and i like chuck bunch. Janice in california. Janice caller this is janice in chico california. I covered a homicide i covered a lot of stories in chico. Whats going on . Caller id like to thank you for sharing your knowledge and advice all these years. Thank you. Caller heres my story. Last year i decided to follow what carl icahn was doing and even though something really good happened after the close today im really concerned about hertz. Is it a sell or a hold . No. This after the close put is closer that ive been looking for to be able to say and coulding irregularities no longer equal sell for this one and it cut the earnings per share by 11 cents and theyre in good shape and theyll also do the spinoff. I want you to hold on and i say congratulations for being patient enough to be able to profit ultimately from hertz. Times, they are achanging but the big Money Managers<\/a> are listening and not all of the big cats live in a hedge fund cage. Sometimes you have to take a walk on the wild side to bag a real winner. On mad tonight, the only way to score huge gains and just look at the prosaic Dominos Pizza<\/a> with the Yellow Banana<\/a> peppers and its up 11 and today ill ask if he can keep bringing in the heat. Then oh my netflix it went up another 18 today. Is it too hot to handle . You dont want to miss my take. Dont miss my exclusive with the ceo of keycorp, stick with cramer theres something in the water. Are you making deadly mistakes or getting the most out of your money . Cramers got the answers on the key commodity on wall street before its too late as chart week continues tonight. Dont miss a second of mad money. Follow Krim Jim Cramer<\/a> on twitter. Have a question . Tweet cramer madtweets. Send jim an email to to madmoney cnbc. Com and give us a call at 800743cnbc. Miss something . Head to madmoney. Cnbc. Com. There are only four companies out there that have a higher percentage of their business outside of the u. S. Than us. Sure a speculative biotech stock that works out can give you like receptos of over 550 but if you think thats the only way to make big money, youre seriously mistaken. Take dominos the location with 700,000 locations across the globe. I think dominos is a better example of how to make money in the market because this stock has given you a staggering 1,000 return since i got behind it in january 2010 and its up 704 since i interviewed Patrick Doyle<\/a> more than five years ago and this is the terrific stock that goes higher and higher and higher, year after year after year and even though dominos has run up 23 year to date im convinced that its got more room to run thanks to the brilliant allfranchise Business Model<\/a> and its rapidly growing business and the Fabulous Technology<\/a> that lets you order customized pidz as through their app or through a text message or twitter. This morning dominos reported another topnotch quarter off a 79cent basis and more importantly a staggering 12. 8 pertz increase in domestic samestore sales and the increase in the International Numbers<\/a> that would have been a heck of a lot higher if not for the super freaky strong dollar. Rather than going higher dominos stock dropped 3 today, and i told you that was going to happen because the stock runs up ahead of the quarter and it has a tendency to sell off no matter how good they are, plus the companys cfo announced hes retiring and thats something wall street doesnt like but you know what we have to find out more. Patrick doyle, the president and ceo of Dominos Pizza<\/a> and youre worried about the quarter and where it is headed. Patrick, you said it just a fantastic quarter, right . It really was. Just terrific. Couldnt have been happier with the way the quarter went. And every time we see your absolute best quarters you know your stock goes down and thats usually because people know how bankable you are. I saw nothing other than the cfo so im asking pointblank, the cfo is younger than i am so why is he retiring . Hes going to go do some hunting and fishing. Hes just ready and hes been here 16 years, and mikes been a phenomenal part of our success. Sad to see him go but he deserves the opportunity to go do some other things he loves, and weve got a fabulous replacement in jefford. Jeff is terrific. Hes been training for this for 15 years here at dominos. Hes going to be great so theres absolutely nothing to worry about that. All right. Terrific. You have a lot in this quarter and you talked about the reimaging in the stores more than ive seen in a long time. Is that because when you reimage a store it does better . It does. Not a lot on an individual store, but were becoming more and more convinced that as were getting a mass of stores done its helping to drive this terrific brand momentsum that we have. So what were seeing as more and more of the stores are done and theyre not seeing the old dominos its just elevating the overall brand and what people are seeing in the stores is consistent with what theyve seen from the food, the service and the technology. So we think its definitely contributing to some of the momentum that weve got. Now, when i see something on the Conference Call<\/a> like for instance that you have an emoji that people use, i want to know if its cute or is it add . Weve been trailblazing on the creative with digital. Were not giving out specifics on how the mix is going with all these platforms, but whats absolutely happening is as we keep coming out with all of these new things that were doing around digital, its keeping dominos top of mind. Its showing our customers that were responding to the ways that they want to access the brand, and thats clearly been a big part of whats driving all of the sales. Both domestically and around the world. Thats what i wanted to talk about, which is that i think advertising is different for youth. Advertising is looking at an emoji when you skreel through emojis and advertising is looking through your twitter following and advertising is checking your facebook. Those are, would you say equal now to your unbelievably good tv spots . You know, i think from a straight spend perspective, its not yet. We still spend a lot more on television but as we see the rli continuing to build on these Different Things<\/a> you know both kind of the paid advertising that we do in social media and plus the overall presence there and the ability to order there through, as you talk about the emojis through techs and tweets and all of these things its driving kind of awareness and relevance with our customers and particularly the younger customers and clearly a big part of our momentum. You have very good breakouts this quarter. I always tell you, you guys are so transparent. I absolutely love it. The july investors presentation and you really make a very clear point that its still coming from the smaller mom and pop people that youre taking. Youre not saying listen were wiping out pizza hut with the Samsung Smart<\/a> tv and our android or apple watches. Youre not saying that. Youre still saying that its taken from the smaller person right . Yeah. If you look at going back five years now, probably six share points in the pizza category have gone from the smaller players to the big players, that has been and continues to be the big story and, you know clearly weve been growing more than anybody over the last few years but pizza huts big. Theyll get their act together and theyre doing things to get more momentum there. The big story is that the Major Players<\/a> still only have 40 of the pizza business in the u. S. Weve been getting more than our fair share, but if we can keep that momentum going, theres a lot of growth thats going to happen for us. Do you think i cant leave out the fact that there are other companies that are in the quick serve business. Do you see any take away from a mcdonalds that a lot of people feel its lost their way each though i know anybody can make a comeback. I think part of the lesson day, what we worry about the most and the financial metric that i am most concerned about is how are the franchisees doing and how are the stores doing . If theyre making a great return, theyll continue to invest in the brand and theyll be energized about it and were seeing that come through from store builds. So you know mcdonalds will get it together. Its a phenomenal brand. Its one of the Great American<\/a> brands. Theyre going to get it there, but if youve got that energy from your franchisees which we clearly do domestically and internationally, that feeds the overall momentum of the business more than anything else. We dont talk about that a lot and people feel mcdonalds have lost the franchisees. Another great quarter and its amazing. The market gives us buying opportunities because they think its always over. It has arent been over. Its got more years ahead and Patrick Doyle<\/a>, president and ceo of dominos. Thank you so much for coming on mad money qwest. Thanks jim. I know the perfect quarter and what i mean its perfect. Its exactly what it should be. Mad money qwest is back after the break. There could be more than monsters lurkinging in the depths. Chart week continues tonight with gold. How can you find buried treasure in the oncebooming commodity without capsizing your capital. Xramer is charting your path to profits coming up. At ally bank no branches equals great rates. Its a fact. Kind of like shopping hungry equals overshopping. When youre not confident you have complete visibility into your business, it can quickly become the only thing you think about. Thats where at t can help. At ts Innovative Solutions<\/a> connect machines and people. To keep your internet of things insync, in realtime. Leaving you free to focus on what matters most. At ally bank no branches equals great rates. Its a fact. Kind of like mute buttons equal danger. That sound good . Not being on this phone call sounds good. Its not muted. Was that you jason . It was geoffrey it was jason. It couldve been brenda. I do not have the words to describe the sheer amazingness of the Conference Call<\/a>net fliks had last night after its most remarkable quarter. Hallelujah when david wells and chief content officer ted serando sat down with mark mahoney from rbc, im not even sure they realized what they were going to do and say. Did they know they were putting on a clinic about the new world of content and video consumption . Did they even anticipate it themselves . Because honestly this quarter, the one that came after the brilliant 7 for 1 split was so special i cant even count all of the ways i loved it. No wonder the stock rallied 18 on the news it should have rallied even more and 150 to close at 115 is a very reasonable target and its in sight, people. It is the house of cards of Conference Call<\/a>s compelling from start to finish. Its a conversation where you get to learn about how this companys Management Team<\/a> thinks outside the box and its extraordinary. So allow me to try something different. Im going to give you the overall impression of what i heard here rather than just enumerate what went right, but let me work backward because this is about making money and not critiquing events and netflix is the most beautiful horse in the race and its the american pharoah, and best in s p show. Its patently ridiculous to believe that the opportunity is reflective even in the 49 million market capitalization. In terms of viewing on the internet and in terms of original content and in terms of technology whether it be hardware or netflix buttons are being built into the Television Sets<\/a> before netflix goes to japan or in terms of making the Cable Companies<\/a> play ball. The growth path is way too big to be complained and i laughed because of the piece of research that discussed the path to 100 but i was wrong to scoff although its a common mistake to make as even the ceo has admitted hes tried to call the top of this one. There is the factor that Goldman Sachs<\/a> laid out today that 400 Million People<\/a> plus mighting a target for netflix. Netflix is a target anywhere and its the bargain concept thats ruling here. You get unlimited viewing for one glass of beer in manhattan including tip per month. Everyone can afford this thing and next year they plan to be everywhere including china where theyll release crouching tiger hidden dragon 2 its not being dictated by what the movie houses demand. Its customer first, it could be edgy, it could be tame seriously, funny, any language and it is algorithmically and perhaps they realize it more than anyone and they dont want to give away the algo and how amazing is that . Fourth and perhaps most important, they dont care. They dont play by the rules and netflix makes the wrong projections and not because they want to underpromise so they can overdeliver and they dont seem to know how good they are and how beloved they become. They know if they keep giving people what they want terrific entertainment for a low price, i can go on and on about this quarter and lets just agree to do one thing. Stop saying holy smokes and netflix is bigger than x, y or z entertainment company. Get used to it. It should be. Its not restrained by an older infrastructure thats meant only to produce content or to distribute it the way that lets just say the prenetflix world was. Its a company made for this moment. The internet viewing era worldwide and at this point it would take a colossal effort to screw it up. The bottom line netflix really is that good and all you have to do is read the Conference Call<\/a> and you know why i think 150 is realistic for this stock. Stanley in florida. Stanley jim cramer nice to talk to you. Same. Caller i own time warner cable, and as you know, theyre being taken over by charter. Right. Caller time warner pays 3. 75 a quarter. Charter pays no dividends. What happens to that dividend . Well youre going to be owning charter. You know this is over. Were not arbitrageurs, you need to take the money and move on. Oh lets go nowhere what a blockbuster. I could arent even count all of the ways i love netflix this quarter. All you have to do is read the call which most of you havent, so please do. Much more mad money qwest ahead including my exclusive with the ceo of keycorp. It rored a biz of a miss this morning. Did it just give a great entry point and then a special chart week Treasure Hunt<\/a> and im taking a deep dive into gold to see if the precious metal can start shieping again and a special edition of the lightning round stick with cramer what do you got to offer us today . Balance transfer thats my game bank you never heard of, thats my name haa thank you. Uh, next. Watch me make your interest rate. Disappear. Theres gotta be a better way to find the right card. Whatever kind youre searching for, creditcards. Com lets you compare hundreds of cards to find the one thats right for you. Just search, compare, and apply at creditcards. Com. A one, a two, a three percent cash back mom has always been one of those people who needs to keep busy. If shes not working in her garden, shes probably on one of her long walks with bailey. She was recently diagnosed with a heart condition. I know shes okay, but it concerned me shes alone so often. So i encouraged her to get a medical alert button. Philips lifeline offers the best options to keep her doing the things she loves in the home she loves. If she ever falls, or needs help, i know we can get to her quickly and with her condition that can be critical. And even though she doesnt typically go far from home, the button always goes with her. These days, shes still as busy as ever. Just the way she likes it. Innovation and you. Philips lifeline. Lifeline is americas 1 medical alert service. Visit philipslifeline. Com caregiver today or call this number for your free brochure and ask about free activation. So for its not been a bad week for the big banks and j. P. Morgan and citigroup and bank of america. What they each year is expanded for the first time in ages and weve seen a solid performance of some of the solid regionals. Against this backdrop what are we supposed to do with keycorp which reported a quarter as mixed by the investment community. More important as ive been telling you repeatedly, the main metric for the banks is the market and they saw it decline by ten basis points year over year and not to mention down three basis points and which is the main reason it got dinged down today. The stock is up 15 since we spoke to the ceo in january and at this level its looking cheap and the gigantic discount to u. S. Bancorp. The chairman and ceo of keycorp and learn more about the quarter with the companys prospects. Miss mooney welcome back to mad money. Hello jim. Delighted to join you today. And i think its kind of what ive read. Second quarter, 15 miss on higher costs which more than offset robust i bank or Investment Bank<\/a>. Do you think thats an accurate judgment . They do have a buy on your bank. I will tell you, we had a very Strong Revenue<\/a> quarter across our Bank Including<\/a> a record quarter in Investment Bank<\/a> and i do think we were in line with what we expected but the expenses came in at high side of expectations but i dont think we should lose sight of the fact that we have 4 Revenue Growth<\/a> in the quarter and that was very strong. So what do you think of expenses Going Forward<\/a> . You have integrating Pacific Crest<\/a>, a tomorrow that i talk about all of the time and the opportunity is there to be able to streamline and take some costs out and be able to have more leverage next quarter . Yes. As you look at year over year any of that does not include Pacific Crest<\/a> because we closed that transaction in the Third Quarter<\/a> of last year. We integrated it and we have one platform and it has gone very well and as we look at it its a nice contributor to our performance going far ward. You have a sales force, and it could be called by one salesperson going in for the rest of the year . Actually what we do is we consider therm specialists to our core banking platform and our Corporate Bank<\/a> so as people have Technology Needs<\/a> or needs for technology Investment Bank<\/a>ers, we bring Pacific Crest<\/a> in and they come with their own set of clients where we have the opportunity to introduce them to keys products and capabilities. Its a nice synergy and were very pleased with the acquisition. You know key has the nationwide footprint and some pants s parts of the country that look good and some that youre worried about . As we looked across the board it was strong in all areas both in the community and Corporate Bank<\/a>s and we have 10 commercial loan growth year over year and as we looked at it it was solid revenue trends as well as Growth Trends<\/a> across the franchise. Do we have concerns . When we were in the marcellus and the utica area which say keycorp area we know that there was boom but now it seems that that area slowed. Are you concerned about the oil and gas lending . For us oil and gas lending is a modest exposure. Its only 2 of our outstanding lobe s loans and as we take a look at the utica and marcellus shale areas, production has remained steady over there. So as i look at it i still think the drop in oil prices and gas prices is beneficial for consumers and good for businesses as lower input costs and as i look at it from a credit quality and earnings perspective for key its a modest exposure for us and im not concerned about it. How do you feel about new business creation and Companies Getting<\/a> credit and homeowners getting credit . Is the government giving you a hard time at all about trying to give people loans. I know you like to loan who otherwise might say in the old days we might let you lend and right now i am not comfortable. I do not see constraints to our ability to underbright and create new good business. We have strong standards and growing our loans 15 consecutive quarter on commercial lending and weve grown the consumer books and wellwritten and commercial borrowers as well as consumers have deleveraged and they have good capacity and we do not see constraints to approve prudent koeth. Well have some rate hikes coming up and maybe one this year comfortable with that for Keycorp Keycorp<\/a> . As we look at it shes been pretty pretty clear that the potential is present and we are modestly sensitive at this point so we are positioned to benefit from a rate increase but i think were also hearing that the pace of rate increases after the initial part of the story, and i think were all hearing that it will be a very measured rise and so we dont see any big spike in interest rates, but whatever benefit we get well see it in our nim and well see it in our Net Interest Income<\/a> and well be positioned from an asset sensitivity point of view to benefit. Beth are you comfortable with the banking that Pacific Crest<\/a> is and very easy underwriting because these are nuts and bolts Great American<\/a> companies and the Pacific Crest<\/a> companies tend to be more exotic to say the least. Pacific crest for us was largely sits with our Investment Bank<\/a>ing group within our Corporate Bank<\/a>. There are some, but more limited lending opportunities out of it but it sits well with our Investment Bank<\/a>ing and Capital Markets<\/a> platform where we are able to give advice create advisory capacity syndicate loans and help raise debt and equity so it really fits in that part of our bank more than it does from a generator of loans. Excellent. Beth mooney, chairman and ceo of keycorp. I think well see better quarters the rest of the year. Thank you so much. Good to talk to you. Mad money is back after the break. Want bladder leak underwear that moves like you do . Try always discreet underwear and move, groove, wiggle giggle, swerve, curve. Lift, shift, ride, glide hit your stride. Only always discreet underwear has soft dual leak guard barriers to help stop leaks where they happen most and a discreet fit that hugs your curves you barely feel it. Always discreet underwear so bladder leaks can feel like no big deal. Because hey, pee happens. Get your free pair and valuable coupons at always discreet. Com it is time its time for the lightning round [ indiscernible ] and then the lightning round is over. Are you ready, skeedaddy . Well start with tom in california. Tom caller hi, jim. How are you . Real good. How about you . Caller great. My question is Im Still Holding<\/a> on to some apache apa. Should, you know on, hold or sell . I do not like apache. The oil group is under tremendous pressure and that is one i do not want to own. Joe in new jersey . Joe . Joe, joe . Caller yes. Kramer. Yeah thank you for taking my call. Of course my stock is where i bank at. Valley national bancorp. I know Valley National<\/a> bank and ive done business with them and that stock could go higher and it has a good yield, too. How about Mike Mike Mike<\/a> in new york. Booyah from long island. My family had a shed there, whats going on . Caller nothing much just you know monitoring the stock market and listen i have a question about one of the stocks i have in my ira. Ive been collecting it for its longterm growth potential. I just picked up more on the dip, 1463. For its this is nick. How are you doing . Good, how about you . I have a question about skyworks. Should i buy hold or sell . I like sky works, and i think it goes higher and now im going to speak to bill in pennsylvania. Bill . Yes, sir, mr. Cramer. A quick question about b g foods. They seem to be stuck at 30. We spoke with pal from General Mills<\/a> and it seems to be in the 150th year. Greg in california. Greg . Booyah to you, jim. Caller booyah jim, my stock is a biotech stock with a pretty good pipeline. I want to know if its a candidate to be acquired. Its isis pharmaceuticals. I like isis. Its not been the one that ive been really recommending hard here and it has many Different Things<\/a> in the pipeline and its fine. James in nevada. James . Hi jim. This is james from henderson nevada, and the Products Company<\/a> that pays 2. 83. Power Automation Technology<\/a> is not my thing. Dont buy no. Its just not my thing. Lets go to ava in florida. Caller yes, jim. Hi. Hi. Caller i just want to tell you they first became aware of you in the early 90s when i read an article in one of the financials written by you about intel. Yes, indeed. I had a good call. Caller what . I had a good call on intel in the 90s. Caller you certainly did. Thank you and you explained why they were so volatile and that changed my whole investing life. So thank you for that, and my stock is kmi. Kmi is part of a complex that is down a lot with the opportunity, and it yields more than 5 . I think it can go down . Spend more maybe 34 and 35 and i would buy more even there and that, ladies and gentlemen, is the conclusion of the lightning round the lightning round is sponsored by td ameritrade. What are you working on . Let me show you. Okay. Our thinkorswim Trading Platform<\/a> aggregates all the options data you need in one place that lets you visualize that information for any options series. Okay, cool. Hang on a second. You can even see the anticipated range of a stock expecting earnings. Impressive. Whats up, tim . For all the confidence you need. Td ameritrade. You got this. For the last few days weve been hearing from some of our favorite technicians and its part of the annual chart week and thats when we sit down with the best chartists i know and well learn more about the motive analysis that they have and get the perspective on individual stocks and the whole market or commodities. Tonight we have a chance to catch up with our resident commodities expert carly garner. Shes a Brilliant Technology<\/a> who is cofounder of the carly trading and author of a traders first book of commodities as well as being my colleague on realmoney. Com and we want to know what she thinks about copper. The allimportant metal that can give you a great view of how economies around the globe are doing and i use it to monitor china as well as gold that has been trading lower in the last few years. Any on the bottom here . Carly, good to have you. First thing well talk about is copper and as you mentioned its contrary. Copper has been in a massive downtrend for months now, but what makes me think that maybe things could be possibly coming to abend is if you look at a longterm trend, the last time that we traded below 2. 40 in copper is the 2008 financial crisis and barring any repeats of those types of nasty fundamentals, i think there is a pretty good shot that the trend line overall will hold. Wow. But let me ask you quickly because this is important, if chinas stock market collapsed could that be like that . Well, thats the caveat, of course. Anything can happen. If a disaster, absolutely that could happen for now im thinking that the 2. 40 will hold and if it does well run into resistance at 2. 80 if we are looking at 3. 60 or the high 3. 80s. And ill believe it when i see it. Next up . One of the reasons why we think copper might be on the upswing is the seasonals. Its provided by mrci and theyre well known in the commodity circles and if youre familiar with the Research Center<\/a> incorporated and what this resource tells us is when the Copper Market<\/a> is generally most likely to see peaks and valleys and the most likely seasonal low is all of the way back here and this is actually from july through august is when we normally we shouldnt be at a level when you see a springboard. This ignores fundamentals and this is over the last 20 years and this is what copper tends to do this year. All right. Youre turning me into more of a believer. We like to look at the previous copper chart was a monthly chart and this is a weekly chart and were seeing if there are any clues that are telling us maybe were dead wrong on the monthly chart but so far so good and each time they get to the over sorry, oversold areas we start to get a nice little bounce here. You can see it each time however, this time we happen to be also not only are we a little oversold, but weir right on the send are trend line and these two instances that weve seen that before weve had a nice little run. That will be something. It will. Obviously, theres ri resistance here and if we break through, off to the rateses. Very contrary. Okay. Next up. As you know we come on the show a lot and talk about the co2. You explained the commitment traders report. And the idea is cftc separates traders into three category, the large speculator the small speculator and the commercial. We like to look at the big money and see what theyre doing because a lot of times they get overzealous and they get a little eager to be too long or too short. Right now we think they might be too short. Every time theyve gotten a position in excess of 25,000 contracts the markets bounce. Every time . Every time. And were there. So its compelling to us. Maybe were wrong. No. This makes im kind of liking what youre saying. Next up. Lets switch our focus to gold. Gold obviously has much different fundamentals and were on chart week and we were here last week talking about gold and honestly nothing has happened and the chart didnt lie to us and it still held the general trading range, but it didnt do anything either. Weve been trading sideways and people are shunning the market. Gold doesnt pay dividends and its not going anywhere why hold it . When people are jung the market thats when i get interested and youll notice this is actually the co2 report again and weve got not a similar situation to copper. Its the opposite. Speculators are always net long gold and you would have to go back 15 years to see a time when they had net short positions. Right now theyre only net long which historically is very very low. So they have plenty of ammo if something heads the other way, theres money to push it. Lets get another. Oh man. Thats a downtrend. Carly, thats a downtrend. It is. Last year we were talking about gold and it was right here and its held the range and hasnt done anything spectacular, but i think it might. Maybe were finally do, especially if we can get help from the dollar. Meaning what . Meaning if the dollar turns around and goes lower, a lot of the weakness in gold has been 100 due to the dollar so thats a big factor here but if we break here i really think we can see at minimum 1400 or 1500 in the dollar does. So lets just figure this all right here and gold could be ready for a bounce and copper who has been a huge downtrend . Thanks her big call my colleague at realmoney. Com who has the sucks seeded with her calls. Stick with cramer. At ally bank no branches equals great rates. Its a fact. Kind of like shopping hungry equals overshopping. When youre not confident your companys data is secure the possibility of a breach can quickly become the only thing you think about. Thats where at t can help. At at t we monitor our Network Traffic<\/a> so we can see things others cant. Mitigating risks across your business. Leaving you free to focus on what matters most. Can it make a dentist appointment when my teeth are ready . Can it tell the doctor how long you have to wear this thing . Can it tell the Flight Attendant<\/a> to please not wake me this time . The answer is yes, it can. So, the question your customers are really asking is can your business deliver . At ally bank no branches equals great rates. Its a fact. Kind of like mute buttons equal danger. That sound good . Not being on this phone call sounds good. Its not muted. Was that you jason . It was geoffrey it was jason. It couldve been brenda. Weve been talking about how google, nobody seemed to care about it anymore. Remember not that long ago we said it had not moved in about 18 months each though they put in a new cfo ruth porat who was the cfo of morgan stanley. Tonight we saw the trues of her labor and we finally got what i know ive been looking for, expense control. This company had been spending way too much without getting any results and now that seems to be in the Rearview Mirror<\/a> and that is why google is up big, and ive got to tell you something, i dont each think google is done. When you see stocks this big thats the beginning of new sponsorship and i always say there is always a bull market somewhere, and i promise to help you find it. Im jim cramer. See you tomorrow bugs. theme music playing ill get it. Scrubbing toilets. Thats it. Its all in a days work. revs . When youre a millionaire. These folks invest in hedge trimmers, not hedge funds. They turn d. I. Y. Into r. O. I. And thanks to hard work, incredible passion and a whole lot of mud sweat and tears. Theyve turned their dirty jobs into filthy riches. Smells like money tonight meet a concrete pourer who paved his way from a humble shed to a 4 million mountain retreat. This is what dreams are made of right here. A rodeo racer who turned a lifelong love of horses into a sevenfigure steed empire and two best friends with fancy educations","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia802700.us.archive.org\/29\/items\/CNBC_20150716_220000_Mad_Money\/CNBC_20150716_220000_Mad_Money.thumbs\/CNBC_20150716_220000_Mad_Money_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240629T12:35:10+00:00"}