Transcripts For CNBC Mad Money 20240713

Card image cap



when the buyer's shares about guyer that tells you the market approves of the deal one of the main reasons why all three major averages had record closes today dow gaining 191, s&p jumping 0.57% and nasdaq 0.23% you have to wonder why they took so long. eliminating commissions on trading, well, they're going to make it on credit balances that forced the rest of the industry to follow suit. because the others made a lot of money from commissions their stocks were clocked. but charles schwab took advantage swooping in to buy td ameritrade for $26 billion and now they have 5 trillion under their belts. ♪ >> house of pleasure >> i remember goldman debated it schwab is less than 20 billion from you and gaining on you. very to wonder if schwab at this point has a better business model for the future particularly for millennials unless the apple credit card turns out to be huge goldman has catching up to do and could double its assets and still not come close to the new schwab a lot critics worried about how much was paid for tiffany. given that the stock was at 9 buc 0 bucks a little over a month ago. tiffany's had some pretty darned horrible numbers worldwide and didn't understand the new retail world defined by high touch. for years the jewelry chain missed numbers frequently by the strong dollar which hurts tourism and one time blamed trump. who knows. they always had something. you think of the riot ideas hong kong that should hurt companies it hurt he stay lauder d did you see them complain that may have hurt sales but it didn't matter. it's not just if you're in the premium category, like estee or understand high touch, tiffany's will learn that too. i'm sure lvmh has been a marquee account for salesforce.com the salespeople seem to know everything about you when you shop at one of their stores. tiffany on the other hand seem to draw a blank when you walk in when you're selling high jendz jewelry you want toast who work this recognize you, remember your preferences, suggest idea, i bet their numbers will soar after this takeover closes soar even in takeovers where the target surged -- has surged higher acquired stocks have surged higher, novartis, snapped up medicine companies and paying a price 340% higher than when medicines was in the beginning of the year. what happens the stock rallies a bit. why? because they're buying a twice a year injection that lowers your cholesterol. novartis' considerable heart franchise i thinkwe'll find ou the fewer the heart attacks, the more novartis will look like a genius for buying this if they're being rewarded for snapping up other companies it tells me they may be cheaper than you think and many may be cheaper. once you see this action other businesses are encouraged to make deals too so you can expect more mergers going forward it's axiomatic, people it will happen what industries are likely to have more activity first, yes, is retail, we have way too many stores in this country. a major bifurcation and that doesn't mean kohl's, gap or macy's will get bids they're cheap and profitable look, my charitable trust owns kohl's i'm dumb but can anyone figure out how to reverse their fortunes there are underperforming chains that represent attractive moves. the quarter wasn't given the respect it deserves. thriving business. oh, by the way, don't you give up on bed, bath an beyond, not with that new manager, no way. second, there are way too many software company and cybersecurity, call center, splunk is up again cyberark, crowdstrike, zendesk, can they all be independent? i don't think so oh, and here's goes palo alta slouching back after big run after big run. sorry. third, there are tons of high quality bioteches out there with stocks that should be much higher we have j.b. on last week. how does that stay independent if biogen's alzheimer's is as promising as it seems -- abbvie and bristol-myers, look how they've done more on that later fourth, we have about a thousand more banks than we need. maybe 2,000. i know a lot of that is because the regulators don't want to let the big dogs become larger than they are but banks with specific technology can do so well. we have too many payments companies, if square can't get its stock price moving what a natural, right sixth, nothing needs more consolidation than the online food delivery business i think uber would explode higher if it sold uber eats to grubhub. certainly better than the current strategy or put the quote mark there is. semiconductor mergers tend to be problemic because most need chinese approval if nvidia is ever allowed to buy melon knox, that could change the numbers. how brilliant is jensen that you saw last week? jensen and everybody else. you say that about bezos if china is willing to play ball, it would make a ton of sense for nxp semi, skyworks, maybe they all come together boy, that would be fabulous. these potential mergers don't all have the beautiful synergy of schwab/ameritrade where the combined company with reduce money and lay off people that work there the elegance of marrying lvmh as sophisticated touch with tiffany. you don't always get a whole new drug pipeline for $9 billion but my point stands. some companies may be too big too be acquired. i'm tired of hearing how expensive they are if they were so expensive we wouldn't see all these deals i think it is a very, very, very, very, very, very good sign maria in michigan, maria >> caller: jim, maria from detroit here ebay i've had ebay for a few years now and with this stubhub -- selling off stubhub, i wonder what to do with it. >> you want to hold on it will be a slow grind. not a lot of growth. i prefer paypal. the other part of it it will work its way higher, i actually think that's okay it will work its way higher as i see some work their way higher including this ameritrade. what a deal that was for shareholders how about matt in texas. matt. >> caller: hey, boo-yah, master cramer-san i'm a retired boomer and been in the markets about 30 years or so and still a grass hopper next to you. i want to take profits from the younger generation so togging about a stock, rvlv, revolve >> i think it's the future >> caller: 35 and i averaged it down to 100 shares to 28 and it's -- i'm in a position to where i could average 200 down to 23. >> i would do it it's an e-commerce fashion company and fell out of favor. a lot of companies that weren't making a lot of money or losing money but they're okay they're going to make 50 cents -- i think it's a buy. i think it's actually turning right here too i would buy it now let's go to tom in new york. tom. >> caller: hey boo-yah, cramer. >> boo-yah >> caller: i've beseen a cd comg to retire soon and want to invest in gold bullion. >> i'll give you my sense on gold i like the gld historically i have said that people who buy gold should keep it in a deposit box. better to keep it there in another country too just for pure security. it is an insurance program that's how i view it and you can't be insured well enough after today i am tired, i am tired of hearing that stocks are too expensive. these deals are a very, very good sign. if the market goes down tomorrow and want to tweet me an yell at me here's what i have to say, i like this one. with news that bristol-myers completed its move, what is the next move? pvh reported after the close and missed on global trade conflict. can they stay in fashion and get this, i've got the exclusive with former dupont ceo ellen coleman taking the reins of a 3d printing start-up. i'll get the outgoing ceo who is staying on stay with cramer >> announcer: don't 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 1-800-743-cnbc miss something, head to madmoney.cnbc.com. i'm a regular in my neighborhood. i'm a regular at my local coffee shop and my local barber shop. when you shop small you help support your community - from after school programs to the arts! so become a regular, more regularly. because for every dollar you spend at a small business, an average of 67 cents stays in the community. join me and american express on small business saturday, november 30th, and see how shopping small adds up. non-gmo, made with naturally sundown vitamins are all sourced colors and flavors and are gluten & dairy free. they're all clean. all the time. even if sometimes we're not. sundown vitamins. all clean. all the time. only one thing's more exciting than getting a lexus... ahhhh! giving one. the lexus december to rembember sales event lease the 2020 nx 300 for $329 a month for 27 months. experience amazing at your lexus dealer. i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. we are solving problems that improve lives. last week the biggest merger of the year was consummated when a drug company and bristol-myers bought a down and out biotech celgene. i've been bullish since it was announced back in january and good a chance to speak with the ceos of both companies already a big writtener. the new bristol-myers is a pharmaceutical co-loss sos with a phenomenal cancer immu immunotherapy franchise and something promising from op teva one reason it's been rallying hard let's take a look with giovanni, the ceo, to learn more about what the future holes for his combined company welcome back to "mad money." good to see you, giovanni. first, congratulations just a remarkable achievement by you. a lot felt i don't know if it could be done. give us what the new bristol-myers looks like >> well, thanks for having me. it's a great time for us, really important moment the new bristol-myers squib is a leading bio farm father company that can transform the lives of more patients through science. we have the number one cancer company in the world and leading franchises in cardiovascular medicines and a lot of things have happened that are good and every franchise we have leading blands, growing businesses and working on seven new medicines to launch. you may remember when we last got together, i mentioned six launch. >> yes. >> where two medicines have been approved by the fda and a seventh one had positive data. we're getting ready to launch that as well a great pipeline great people this. can a growth company and very well positioned to succeed. >> now, it's not just enough you give a stock with 3% yield but given us what's known as the bristol-myers squibb vcrs, that's a term of art, vcrs particularly younger people. >> the c vr, we will make if three medicines are approved the good thing is we are on track. it is something we've always said we'll be happy to pay and we are on track with those. >> including some that could have gigantic, gigantic markets. >> you know cha our multiple opportunities in the pipeline. the first is our leading position in cell therapy with karti. we'll go to the american society of hematology conference, there we have a lot of data. we have phase 3 data for one of our programs >> that's this great conference. >> great conference for us and we'll be filing that medicine by the end of the year. it's just one of several products in our pipeline which is really exciting. >> the thing that you're not getting nearly enough credit for and i don't get it it's a wonder drug is he will -- eloquist. >> it's important and i'm proud of what the teams have done. so it is a medicine that is used in patients with a disease called atrial fib bringation it has a best in class profile and become the leading agent in the world and the third quarter we had sales of almost $2 billion with over 20% growth. >> people don't talk about it. >> there are three opportunities to continue to grow it the first one is continue to gain market share. we've done it extraordinarily well the second one is that many patients are diagnosed they're not yet treated and the third opportunities, there are many patients that have not yet been diagnosed and announced a partnership with fitbit because through technology we think we can increase the number of patients that get diagnosed early with eight dryial fib bringati rillat oichlt. number -- >> i remember when my father just got a-fib there's one drug and none others will be used >> it's continuing to gain share. i the leading agent in the world and it's the first oral anticoagulant in the u.s the trends are positive because the profile is the best profile in the class. >> didn't want to spend too much time on it but you spend so much talking about others optivo keytruda, game, set and match. that's not the case. >> another important progress we've made two phase three studies in cancer or it in conjunction with another one and we'll have a role to play in first line cancer. it is a growth franchise and the next frontier is the early stage of cancer. what we call adjuvant. if you start treating cancer earlier there is a real opportunity to make a difference for patients and well positioned there so obdivo is a growth fran thi crise. >> when bob ran, he the price gouging that celgene charged too much for some. what is your view? what the politicians can do and also end of life drugs which i do think that there may be something -- a rational economist may not agree with, say, a grieving kid. >> well, let me say, we take a responsible approach with pricing alt bristol-myers squibb we'll do it in the future. i think the issue of drug price something important and from our perspective there is a real need for policy changes because medicines are important only when they reach patients and there are issues with affordability in the u.s. because of benefit/design issues so from my perspective we need to all be working together we as a leading company are actively working with members of the administration, we work with our peers at pharma because i think it's important to promote policy solutions that improve the affordability for patients that's the real issue today in the u.s. >> okay. now, let's talk patents for a second the plavix patent negotiated well by bristol. the avopro people are concerned you bought revelman when it goes it will be revealed that you didn't make long-term money. this company has been uniquely able to handle patent close. will that happen with -- >> that's the nature of our business as you've said we've done it well before. renewing our portfolio is really the rational for the acquisition of celgene when you think about the new bristol-myers squibb, we will be much better positioned in the second half of the decade to renew our portfolio and some losses of exclusivity and have a broader and deeper pipeline. we have seven medicines that we're working on launching we have over 50 medicines in phase one, in phase two, we are much better positioned to renew our portfolio through this losses of exclusivity than we were before. it was the rational of the deal. i'm actually even more confident today than we were when we -- >> 1 months ago, fantastic one last one that has always dogged the company celgene that we had high hopes for, maybe i got too excited about. oh sa -- ozanimug >> it's one of the important products in our pipeline and as you know it's been filed with the fda and regulatory authorities in europe. we expect an approval by the fda in march and that's in multiple sclerosis, the first indication. next year we'll have data from the phase three program in us ra tiff colitis, big unmet need for patients a good example of the many growth opportunities of bristol-myers squibb at the beginning we are well positioned for growth and i am feeling more optimistic about the new company than i was when i last came to see you because of all the good things that happened this year. >> you're very understated and not a hype artist. you've been very even about this this is the most exciting i've heard from you i don't blame you. steer one expensive great franchise. dr. giovanni carforio from bristol-myers myers squibb at $56 you can buy and put away. "mad money" back after this break. we've gotten real mixed signals from retail. some doing bad, some doing well. i've been telling you not to extrapolate from any individual retailer take pvh behind calvin klein and tommy hilfiger real roller coaster of a year and bottomed to 67 august and since then on fire rallying up to $100, pvh reported a good quarter is what we got company posted a solid top and bottom line with management raising full year analysis europe, amazing. tom mir on fire. calvin klein better than feared. i found these encouraging. let's dig deeper with the chairman and ceo of pvh, find out more about the quarter where his company is headed. welcome back good to see you. >> how are you >> manny, i'm thrown to me these numbers indicate that the market is anything but promotional and yet you call it competitive and promotional. i think the united states is but your broad panoply of business, you can't call promotional if you're doing the kind of numbers you're doing. >> a fair callout. this north american market but i would also say we have a big exposure in greater china and the challenges we're facing there with hong kong and the china consumer in general, that's what we were talking about, our fourth quarter lann holiday, i think we've tried to take a conservative approach to it if the trends that we're seeing continue, we'll do better than we're projecting but we felt given the uncertainty that's thought there around six less shopping days between thanksgiving. >> good point. >> all these things we felt we had a really strong third quarter. let's put that through and let's hold tight on the fourth. >> how about mall versus nonmall. mall versus online what i'm seeing the promotions in the mall are amazing but some of the others aren't that promotional. >> i guess i have to just differ a little -- go tell me you're in the business. >> your opening segment talked about there's some strength and where there's some weakness. i don't think it's all on mall or off mall because some of the players you described had tough off mall performances. well, apparel, i i have to be honest apparel is a segment under more pressure than others and i think to be horns this time last year, such strong business going on in our sector that we all bought into a bit of that trend. >> right. >> and we've been cleaning inventories having to do with pressure as we've gone forward and that's timely behind most of us, you can see interest our balance sheet inventories were projecting them to be flat to down slightly so i think we've got the business back in a good place. >> well, that's perfect when you're going right into christmas. you don't want your big discounting -- use some more cold weather too much warm weather at the beginning. >> look, i think that did impact especially the beginning of the third quarter. we always want to see the season get started, get some really brisk cold weather and get off to a strong start so that backdrop clearly you saw some of our key customers have a tough time with it. >> okay, how about europe, it looks like it's extraordinary. >> yeah, our business is just off the charts >> how is that possible? >> the strength of the tommy hilfiger brand overall, 2.2 billion euro business there. and our calvin business which is about half the size also continues to grow so we saw, you know, double digit or top line growth there continued growth in margins and feel really good about that business >> all right i've been letting you go on heritage, down 13% and i know have you this izod commercial with that secretary raid quarterback from last night. >> tough night >> that could hurt your sales. that guy i don't know we'll take that offline but do very to start worrying about heritage. >> heritage is a reflection of what's going on in mall retailing. >> okay. >> you know, our key customers, macy's, kohl's, jcpenney that, business is struggling it's about 10% to 12% of our sales less of our profits, it's a small piece. i think we have the contain, it won't hurt us but last year was doing so much better and kaupg up in the whole retail dynamic in north america. >> now, where are you making stuff these days how much china, how much other places >> our exposure in china for america is probably between 10% and 15%. >> that's pretty low. >> as we go into 2020. >> you've been whittling that down the whole time. >> i think if you go back four or five years ago we were close story 35% to 40%. >> if the president is listening, he's got to be happy. >> yeah, look, i've got a strong feeling i don't think the way to resolve these things is through tariffs. i know the president keeps saying well, tariffs aren't impacting the economy but to be fair the tariffs haven't really hit the economy at this point. i mean, you know, there was those initial tariffs, $00 billion of goods that got taxed and 15% but now all of a sudden december of this year, the tariffs are coming on apparel and $500 billion of goods that will be tariffed it's going to have an impact on the consumer i think we could all manage it in the short term with the hope that it would resolve because you could put on your vendor base to do certain things but long term it has to work on both sides. >> no, hit by the time of the election. >> the worst part about it is the uncertainty. i'm sitting here on december 1st the thereabouts and don't know what costs will be january, 15% tariff, 25% tariff or 0%. >> this is why the enterprise is hurting. big companies don't know what to budget you're not going to be a big spender. you have taken -- i don't want to call it a downsizing but restructuring you've done at calvin klein, huge impact. >> you started to see the impact this quarter sales were only up 1%. but earnings were up 7%. improved margins we've moved out of some product categories and we've also licensed product categories to g3 on the women's side in our jeans business which i think is going to be a big win for us and them the overall profitability in margins in north america in this tough environment, calvin, if you look at operating margins up about 400 -- >> huge for apparel. when the stock got to 70 some thought it was cheap. >> look, i made a personal decision to invest $10 million in pvh. >> you called the bottom, man. come on. didn't you buy it right around there. >> i bought it as soon as i could right after the engagement release. >> any come with a six handle or -- >> no, it was the seventh. >> good buy. >> yeah. look, it's just the faith i have in the business model, the diversity of our brands and our people i mean, what else is there in this industry? and i think our long-term multiple is historically been between 14 and 17 times earnings, even with this improvement we're trading at slightly 9 to 10 times -- >> it's crazy. >> i understand because of all the uncertainty people don't know personally i can take a longer term view, look at it and say over the next 18 months i know we'll be competitively positioned and our multiples should move to 13 to 15 to 16 times earnings. >> i know jamie dimon got incredible when he called the bottom you didn't get enough. that was some great buy, but, right, faith in yourself and your people. that's what did it. >> only on paper because i'm not a seller >> that's all right. i want others to be buyers that's the chairman and ceo of pvh. flagged that buy for you when he made it. may not be done. "mad money" is back after the break. my parents never taught me anything about managing money. the amount of student loan debt i have, i'm embarrassed to even say. we just decided we didn't want debt any longer. ♪ i didn't realize how easy investing could be. i'm picking companies that i believe in. ♪ i think sofi money is amazing. ♪ thank you sofi. sofi thank you, we love you. ♪ a lot of people believe the 3d printing is the future of manufacturing. although if you look at the action pure play 3d, you know we have not liked it's clear the market has been flat lining for years. it is great for making one-off wrote -- prototypes. what it was a way station. carbon, privately held company, came up with an alternative. digital light synthesis. they use light and heat to transfer a pool of resin into an actual product allowing them at mass scare and used from autoparts to personalized football helmets last week there was a new wrinkle. we learned that carbon co-founder and ceo dr. joseph di si money was transitioning to executive chairman with ellen coleman, the former ceo of dupont taking over as new president and ceo of carbon. quite angendorsement, one that suggests this company is entering the next stage. let's talk to them and get a better read. what is the future for carbon. thanks for coming on very exciting to have both of you. ellen, you're a big-time ceo so what attract you to this private company that is on the launching pad. >> well, right after i left dupont a got a call from carbon who said and i want to see this technology first thing i did was check joe desimone and they said he was the real deal, fell in love with the technology and feel all my years in manufacturing that this technology could really bridge to a digital manufacturing platform and do so at a scale and cost that was relevant in manufacturing. and so joined their board and i've spent the last 3 and a half years there and this transition came up. i thought it was a great opportunity. >> so, joe, we talk about at scale and actually real product and we've got some here. maybe you can point them out what this one does it seems pretty impressive. >> that's a fully by joe material digitally printable material that serves a mechanical function in the body but after a few months is fully bio absorbed and transitions to your own tissue >> that's extraordinary and this has been approved. >> no, it's on its way. >> on its way. >> on its way but we've been working with j&j for year. >> what are some body parts it works with >> surgical politics to help you post surgery maintain structure. we think it's available for linking nerves back together. >> which has never been able to be done. >> shoulder repair mesh, all sorts of applications. >> that would be the holy grail. i could see why someone like you who understands both health care, understands enzyme, understands things that are really ethereal would be attracted to in. >> application development, something dupont honed over decades. the front end has to be applying knit ways you optimize that model and you can really get that scale and get up that curve very quickly. >> wow now, alan is on the board too. old friend of the show when he was at ford. i see you doing business with ford but lamborghini which i think has maybe the greatest engineering in the world so what is your role there. >> so, what's awesome, traditionally polymer parts are molded and casted, injection molding. a $300 billion market. that is really cumbersome to introduce new products we craft parts with light and have the very first 3d printed parts ever on a production vehicle out of detroit ford announced in january we've got parts on the ford mustang, f150 truck and replacement parts on the focus and on lamborghini electrical connect series a $60 billion market these are all molded, 90% of the warranty issues in cars today are electrical failures. 90% of those are caused by failed connectors. our partners, our customers now have designs that are twice as good that they've ever seen from molded designs and so it really opens up new ways of product innovation. >> now, ellen, is your view that this is one of those companies where you could see it come public one day or have you had enough of that after the last thing? >> well, i tell you, the fun is going to be in building it out those decisions are down the road if you think about where we started with adidas and think about the performance factors that went into the creation of that midsole and now we're taking that and parlayed it into a specialized bike seat and working with riddell we've learned so much about optimizing the front end in the file we've learned so much about what has to happen post processing to get a really excellent part for our customers and taking that ecosystem and process and the digital manufacturing be at the center and really scaling that. >> we know about the 3d not so great some of these other ones that are kind of falling by the way side but hp has tried this they're still not getting any scale. is it because of this -- the digital light synthesis, that's the difference between what they're doing and you're doing. >> yeah, this is an area around 25, 30 year. >> with all this promise. >> a lot of promise but it's been a prototyping technology. we've cracked the code on how to do 3d printing 100 to a thousand types faster we've really focused on materials that have the properties to be a finished part and we have an amazing business model, right we have the world's first piece of manufacturing hardware ever to go out via subscription model. infinitely upgradable. up stall base that's growing approaching a thousand printers in 14 countries and with that it's got really good visibility and revenue because contracts are going beyond three years now and it becomes an important part to future prove people from obsolescence. >> why now why get started in/whole new thing. >> i always said if i would go back full time it had to be compelling it had to be something i really was passionate about and joe has built a phenomenal team of entrepreneurs that are just have been tremendous to work with as a board member and even bet story work with as a ceo and i think really pulling us together in a way as we can scale, i think, is just going to be a lot of fun working with joe continuing to work with joe i think is going to be a great opportunity. >> well, excellent congratulations to you and to you. >> thank you. >> this is a private company that's ellen coleman, the new president and ceo of carbon and joe desimone, co-founder and executive chairman very exciting company. see the football helmets tonight. riddell is everywhere. that's their technology. inside the helmet is really important. "mad money" is back after the break. it is nice. his haircut is "nice." this is the most-awarded minivan three years in a row. the van just talked. sales guy, give 'em the employee price, then gimme your foot. hands-free sliding doors, stow 'n go seats. can your car do this? man, y'all getting a hook up and y'all don't even work here. don't act like i'm not doing y'all a favor. y'all should be singing my praises. pacificaaaaa! with employee pricing, get $4,107 below msrp plus $1,000 bonus cash plus 0% financing for 60 months on the 2020 pacifica limited woi felt completely helpless.hed online. my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555. it is time it's time for "the lightning round. >> buy, buy, buy. >> sell, sell, sell. [ buzzer ] >> and then "the lightning round" is over are you ready, skee-daddy. time for the lightning round start with ashwin in california. ashwin >> caller: hey, jim. how are you doing? thank you for taking my call. >> my pleasure >> caller: yep my stock is cprd >> you know, it is just a fantastic company. we recommended it a long time ago and should go back to it it's been fantastic and will stay that way. a great little american company to tell you the truth. let's go to abraham in new york. abraham. >> caller: boo-yah, jim. this is abe from brooklyn, new york how are you? >> good. >> caller: i love your show. i own shares of sonos. >> the stock just broke out and looking pretty darn good i'm confused why it is so strong because i don't think business is that good but up 57% for the year i would take a little off the table. devin in west virginia devin. >> caller: hey, jim. happy thanksgiving to you. >> same. same >> caller: your take on elastic. >> it's just one more company that does the same thing it does the data digital investigation and analysis no i've had it. no not one more i'm not going to endorse one more i'm fed up let's go -- now they'll be mad at me. i didn't mean it it is a generic fed up kelly in illinois. >> caller: hi, jim how are you? >> i'm good. >> caller: i'm calling about molson coors. >> they have not succeeded ginny in rhode island. >> caller: hi, jim big boo-yahs from barrington, rhode island love your show >> thank you. >> caller: your input on the opportunities and pitfalls out there. would like your opinion today on car gurus. >> which one. >> they're all good. carmax is good autonation is good and yours is good i mean look at that industry that is a great industry you have 4 for 4 let's go to dave in florida. dave >> caller: jimbo, how are you doing? >> good. how are you, dave? >> caller: i'm great thanks costco, i've own i had it for about a year and a half. she's had a good run what do you hi. >> it will mark some time. people are worried it'll be one of those big boxes not like target i think that any time this stock has been down in the last five years you had to buy, buy, buy but i would buy more if it came down and would certainly not sell the stock let's go to dexter in california dexter >> caller: hey, boo-yah, jim i came across this stock the other day, pivotal software. pvtl now, it did a few funky things, just wondering it it has momentum for next year >> no, i mean, we got a takeover situation going on there we're moving on to the next one. we're moving on to the next one. we're done there they got a proposed deal we're not arbitragers. dave in illinois. >> caller: dr. cramer. hey, it's up over 60% on the year it meets the rule of 40. it's not ateryx. >> it's alter and rx that guy is a genius we're buyers buy, buy, buy. should have bought that and that, ladies and gentlemen, is the conclusion of "the lightning round. [ buzzer ] when you shop small you help support your community - from after school programs to the arts! so become a regular, more regularly. because for every dollar you spend at a small business, an average of 67 cents stays in the community. join me and american express on small business saturday, november 30th, and see how shopping small adds up. the amount of student loan debt i have, i'm embarrassed to even say. we just decided we didn't want debt any longer. ♪ i didn't realize how easy investing could be. i'm picking companies that i believe in. ♪ i think sofi money is amazing. ♪ thank you sofi. sofi thank you, we love you. ♪ is it finally time to buy some stock in -- >> buy, buy, buy. >> -- uber it was down roughly 6% on the news the ride sharing company may lose london. oh, boy, that's gigantic with 45,000 drivers. why? because transport for london, the regulatory body that governs cabs in london found 14,000 ubers were driven by impersonators, someone who had no insurance, it was a nightmare but wait a second. the company says 14,000 made up less than the rides they facilitated and no incidents they've solved that and going to appeal tony west, the general counsel who is incredibly savvy will make that case for uber there and in the interim the service will still be available in london pending resolution but it's not a slam dunk like most municipal regulators for london tends to protect the interests of what amounts to a guild of cab drivers, not like new york where the medallion holders have very little this is by no means an open and shut case which is why it downsed back closing down 1.5% more important reason, the lockup on insider selling expired three weeks ago, the longest in history if not the largest and now most of these new shares have been di jetted put away the former ceo has sold $1.5 billion worth of stock this month. nice a lot of people cashing out f they're done selling stock can rally. on any good news over this month told you wade back into lyft and it climbed more than 10%. as for uber i told you to wait to see how the expiration plays out and that's safely in the rearview mirror. of course, i don't want to get too aggressive it continues to point out things it did wrong what we heard from them the last time they reported was a commitment to discipline that puts uber in sync with well-run publicly traded companies and makes it feel a lot less like those overhyped venture capitalist companies we saw in san francisco. their uber eats food delivery business, that's responsible for big chunk of the company's losses, 15% of their market accounts for half of the unit's losses, that's incredible. suggests if they dropped those markets or if uber sold it to grubhub you could see a gigantic jump in the stock. door dash has unlimited funding and it's private if uber combined with grubhub and took out a competitor it could be a big positive. i'm not sure the market would fishily understand what's happening. longer term if the food delivery business gets rationalized the way the ride-sharing market ras rationalized you could make an investment case for it on engagement before tax, deappreciate yaks, 2021, n not '20. the calendar about to flip one argued it could have 90% upside keen on this idea of uber gets going to grubhub i understand there's tremendous skepticism i disliked it from day one i was only enamored of uber freight, the trucking business has made great strides to lower costs in this country. now uber's management is almost done playing defense overhang insider selling behind them i'm betting the stock can go higher from here which is why it is time just after that bounce off the london low to do some buying in the stock of uber. so stick with cramer first 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. or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. at fidelity you'll pay no commission weveryone, looknk isn'tat your phones. the design thinking, the digital engineering, security, blockchain, and we will be first to market! yes. when we do we launch? unfortunately, in 2 or 3, hours. why the delay? cognizant is helping banks use digital technologies at scale to advance speed to market. ( ♪ ) sure, the content's easy. but then you have to connect, download, edit, reformat, output, save, send, upload... still uploading... and maybe eventually post. this isn't working. introducing samsung business video solutions. with the galaxy note10, you can shoot, edit and post thumb-stopping videos, all from one device. samsung business solutions. let's go over it hpe, disappointing revenues. kn there's going to be profit-taking after the initial run. i always say there's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer i will see you tomorrow. >> narrator: in this episode of "american greed"... two grannies in jail ... caught on tape.... their cold-blooded murder for money plot is finally up. >> jimmy covington: they already killed two men and were gonna murder me. >> their story... is about to unravel... >> ed webster: they just fed them and housed them like animals, just for the sole purpose of killing them. >> and it sounds just like something out of a hollywood movie... >> i think i still could not really get my brain around the fact that these two geriatrics had executed this guy.

Related Keywords

Bristol , City Of , United Kingdom , Brooklyn , Illinois , United States , Hong Kong , Texas , Pacifica , California , Jimi , Sichuan , China , Florida , Rhode Island , Hollywood , Michigan , London , America , American , Schwab Ameritrade , Ellen Coleman , Tom Mir , Jimmy Covington , Calvin Klein , Jamie Dimon , Sofi ,

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.