Transcripts For CNBC Mad Money 20240713 : comparemela.com

This years no different while the averages got hit and dow dipped 120, and the nasdaq only slipping three basis points, in fact, the nasdaq, though, is up more than a percent for the year while the other averages are barely positive and the tech part of the index which is what im focusing on tonight is pretty much on fire yep, today we saw remarkable moves and all sorts of tech stocks after analyst after analyst issued bullish recommendations that reverberated throughout the whole sector pit action this is a special time when the analysts survey their universe and make predictions so far the predictions have been positive as they pretty much are every year but why not theres plenty to like better than expected quarter from a company that you probably never heard of called microchip bolsters a host of semiconductor stock, Analog Devices with a big upgrade. Both of those companies are seeing Strong Demand you always have to buy these stocks coming off the bottom thats what ive been telling you over and over again even though it might have been caused by them turning the price around worth 4. 70 or 8. 78 on an upgrade. Given an overall weaker take thats an astounding performance. They sound off at ces for only the Consumer Electronics show. Its all bullish lisa su talked about Strong Demand for her data, pc and gaming chips and gave us a spectacular blueprint for future sales. The brilliant cfo of nvidia tells us how inference chips, actually thinking chips are becoming a real part of the business closer to genuine Artificial Intelligence than most think and last time reflected in the actual earnings per share. What else . If customers are buying semiconductor in record numbers the chip numbers need more capacity they go to kla and Applied Materials and lam research no wonder their stocks are soaring. Executives are showing off all sorts of new devices and seeing excitement for 5g. 5g ripples through everything from Skywork Solutions and Marvel Technology and talking about the wonders of it later in the show maybe youll believe me then elon musk gave a rosey outlook for teslas chinese demand a did a jig because he cant contain his excitement tesla is going to be selling 150,000 cars from the chinese factory that didnt exist. Didnt exist 12 months ago took 10 months to build. Take oh, none of the American Companies could build Something Like this. This is up 150 since may and its got more room to ruin the cloud kings continue to romp as one analyst after another names them salesforce jumped 10 bucks this week alone stuck in the 150s forever. We got a big endorsement of twitter for merrill lynch. Including the facebook which is on an outright tear and cybersecurity stocks rocking defense, just today we got an upgrade in the laggard fire eye. 3 an upgrade i could go on and on, the point is tech stocks are reacting to every single positive upgrade. Every single data point and the stocks buy, buy, buy. Go higher. Should we be shocked at the strength despite how iran is ready to wreak havoc for us killing one of their top generals i myself am torn history is on your side. For the last three years since President Trump was sworn in, tech stocks have rocketed higher in january january 2017, nasdaq composite rallied 4. 3 , last year the nasdaq blasted to the moon up 9. 7 now the nasdaq index itself, the composite is not to buy. There are way too many drug stocks and those are the exa opposite of the tech stocks im talking about here those are safety last stocks you know, look, on the other hand, these january tech rallies, they dont always have legs in february of 2018 you had a onetwo punch of an economy that was too darn hot and a series of dangerous bets made against the volatility index or vix. What else . Youre not early this time around last year we came but the jay powell bear market with the foolish decision to raise Interest Rates while promising more rate hikes in 2019. As soon as powell changed his tune the averages caught fire. This time around theres no spri springboard. Weve had a major run. That said the trend is driving so much its real and longlasting lets take 5g. This is the year when 5g networks should take off any company with a decent amount of exposure will win from the Semiconductor Names i already mentioned all the way up to apple. Second, digitization i know i talk about it forever but its still in its infancy and gives you room to buy a seasforce or workday or adobe. My Charitable Trust just trimmed service now i mean trimmed salesforce had to the stock is up 10 bucks in 2 days third, a decontinue tiff shortage of social media stocks, twitter, facebook and snap thats about it. Advertising remains strong dont forget trade desk. Many believe that were about at the level where we have to be a moron to buy stocks up here. We have an unpredictable president who has provoked possibly serious retaliation from iran. A number too hot for the fed to justify rate cuts. If we get a strong labor report the money types will crawl out of the woodwork. Theres hope based on a stronger tech market by growth great trends that transcend these worries. I read my twitter feed and see what the critics are saying. Theyre saying ive gotten too negative as a palms to my eldest daughter ive become jimmy cho. Thats what she calls me i saw the tina turner play i dont want to fight no more. What iran has planned for us you can understand why someone might join that. Im not a garden variety bear. Im not even neutral too many opportunities the bottom line is im simple frying to be respectful of the power of hope melded with the strength of the technology complex. I want to buy these stocks but keep in mind, you have to be prepared for an exogenous event that causes a pullback that will give you opportunities to buy at lower, less expensive levels mark in nevada mark caller hey, jim, go, blue. A longtime listener, firsttime caller in the past you recommended marvel its been hovering around 25, 26 is this stock only a play in 5g space or hold it youve good to hold it. It is biding its time. Its reshuffling its debt. Its getting rid of low marriagesen, cut things like wifi, moving aggressively into 5g and when its done it will be the purest 5g play there is by marvel hey, how about alex in pennsylvania alex caller hey, jim. Its nice talk to you. Thank you so much for everything youve taught me i appreciate it deeply. Thank you, man. Caller question about gw farm m ive been in that stock for some time now. Each time it goes down 5 , 7 . What do you think . Is it time to let go of that or keep holding on . I think you can hold on to it gw pharma is the pharmaceutical. They create cannabis that is used principally right now for epilepsy for young children. I dont want to give up but i can understand your frustration. To carlo in florida. Carlo. Caller booyah, jimbo. Carlo here in coral gables with my daughter mia and olivia and want to know about square. Were not very happy and the n nonaggressive nature of the cfo. Can you let me know if its time to sell or hold . I struggle myself i struggle myself with square. Jack dorsey is in africa everybody is online all the time maybe it shouldnt matter. I think theyre doing incredibly well the stock is flatlining they will have a meeting soon where i think youll feel better about it we have an upgrade today i say you buy square, not sell it guy, listen, hope is springing eternal for tech just like it did last year and the year before and the year before that. On mad, dollar, dollar, billya more attention to the greenback. Then ive got 2020 vision on the sportswear companies nike, under armour columbia who will make the cut . Ill reveal and gadgets and gizmos aplenty. The discussion of the ceo of cvs so stick with cramer announcer dont miss a second of mad money. Follow jimcramer on twitter have a question, tweet cramer, madtweets send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc miss something, head to madmoney. Cnbc. Com. Do you have concerns about mild memory loss related to aging . Prevagen is the number one pharmacistrecommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com what are you doing back there, junior . Since were obviously lost, im rescheduling my Xfinity Customer Service appointment. Ah, relax. I got this. Which gps are you using anyway . A Little Something called instinct. Been using it for years. Yeah, thats what im afraid of. He knows exactly where were going. My whole body is a compass. Oh boy. The my account app makes todays Xfinity Customer Service simple, easy, awesome. Not my thing. For the past year we havent had spent a lot of time worrying about currency fluctuations. The dollar strong, not great for exporters and it had become a recurring problem for all multinationals but now something new, Something Different something positive its happening for companies a weaker greenback and we got to see hoi weak it can get. Currency markets are not my prove convince but thats why im going off the charts with the help of carly garner a brilliant person and author of high probability Commodity Trading because she thinks the weakened greenback could be poised for a major breakdown and once that happens it will bleed into everything else, stock, bond, commodity, not just the multinationals the weekly chart of the dollar index. It measures the value of the u. S. Dollar against a basket of foreign currencies the blue line here, okay thats the 1 eyeweek moving average. Garner is not a huge believer in using that to come up with price target, many technicians are but when you look at the longer term ones she thinks they can give you a helpful, big picture view. When it comes to dollar index weve seen over and over that when it breaches the 100week moving average, well, you tend to get a significant move. You can see, boom, thats big. Wow. Could really get clobbered 2014 it broke out above the 100week moving average and seemed on a colossal rally and the dollar index from the low 80s to the triple digit and the move totally changed the landscape in the markets with oil and gas prices plummeting and hurt the earnings of a lot of multinationals. 2017 the dollar index broke down below its 100week moving average before plunging from the high 90s to the high 80s garner points out after our currency weakened we saw rallies in oil, gas and gold not just priced in dollars but bullish fundamentals giving them a boost. She brings it up because once again the dollar index looks poised for a major, major breakdown. The march futures are currently trading near 96. 50 the relevant strength index is down at 41, meaning theres still plenty of room for more selling before the dollar gets oversold if the greenback breaks down and takes out it this level, if it goes below the 100week moving average, garner thinks it will alter the balance of the currency and Commodity Markets while the dollar index has a floor of support at 93, she expects traders to be caught off guard and thinks it will plunge to 88. 25 if shes right a lower dollar will drive most prices higher, something maybe the fed will be worried about. If the move happens gradually garner believes it will boost the stock market because so many big multinationals would benefit however the dollar is lower rapidly, that could trigger uncertainty. Weaker greenback is bad news for u. S. Treasuries because coupon payments become less valuable. Check out the monthly chart of gold prices. The Precious Metals have been on a tear and probably because the dollar has started weakening igniting a fierce rally. Uncertainty drives gold too. Its gotten big lift from geopolitical worries if you think were headed to war with iran, well, you know as ive been saying over and over again cash and gold, cash and gold right . However in the absence of a big breakthrough in the dollar garner would expect prices to peak sooner rather than later and sees it the precious metal is pricing in the decline to the low 90s. At this point theyre nearing their major ceiling of resistance and its nearing overbought levels meaning weve come up too far too fast but if we get the breakdown in the dollar that garner is anticipating she could see the precious metal break out above its ceiling at 1605, next, 1793. Maybe we test the 1900s. Now we havent seen that level since 2011 although she doesnt think thats likely. Without a meaningful decline in the dollar garner thinks gold will run out of steam this is striking to me make it all the way back to 1250 whoo and if that level fails, she thinks it will go to 1,115. This weekly chart of gold with the commodity futures trading commissions, a commitment of traders report or c. O. T. Report which shows you what theyre doing. We care mostly about the large speculators, money managers. Lately theyve gone all in, all in gold. This is do you know this is their largest net long position in gold in history well, garner believes there will be more upside but its gotten crowded and good reason to believe its gotten way ahead of itself look at this everyone is recommending gold. Ive been recommending since the show began and i think 10 of your assets should be in gold. Ensure your house and ensure your portfolio what else gives garner pause, u. S. Treasuries. The daily chart of the tlt in types of geopolitical turmoil wouldnt you expect this to go higher because bonds are a safe haven but that hasnt happened the tlt is trading sideways, less volatility. As far as garner is concerned the gold market and bond market both cant be right. Bond traders tend to be more levelheaded. Ooh, ill take a lot of heat on that but its true w that in mind she is assuming remember, you can attack me on twitter. Im not going to respond assuming that gold is overreacted and treasuries have underreacted even speculators are usually long gold. But when you zoom out that actually makes sense last year u. S. Treasuries got a huge boost from the rest of the world. Foreign bonds paying negative Interest Rates so investors sent their money here the rest of the worlds Interest Rates have gone higher so theres now less overseas cash flooding the bond market she expects the market to be decisive except when it comes to Treasury Bonds weaker dollar should send them lower. Right about the lower she expects tlt to head to 130 from 137. That would be pretty dramatic too. At which equates to the 30year treasury yielding about 2. 5 up from 2. 3 . Might make a brief run at 142. Before then but garner is betting it will be rebuffed and she recommends selling into strength sell this etf. Okay thats important a lot of trade remembers in that thing. The bottom line, the charts as interpreted by her tell us its time to start paying more attention to the action in the dollar and its about to plummet and betting on a big breakdown, not this little one weve had so far. Good news for gold bad news for u. S. Treasuries good news for American Companies that do a lot of business overseas i hope shes right and want to see higher earnings for our International Companies that could detroit it higher. If shes right thats precisely what we will get stick with cramer. I can. The two words whispered at the start of every race. Every new job. And attempt to parallel park. electrical current buzzing each new draft of every novel. typing clicks the finishing touch on every masterpiece. newborn cries it is humanitys official twoword war cry. Words that move us all forward. The same two words that Capital Group believes have the power to improve lives. And that, for over 85 years, have inspired us to help people achieve their financial goals. Talk to your advisor or consultant for investment risks and information. Talk to your advisor or consultant because its tailored to you . Take the personal assessment and get matched with a proven weight loss plan. Find out which customized plan can make losing weight easier for you myww join today with the ww triple play let me get you up to speed on my favorite stories, the sports wear bull market. Last year during a rough period, sportswear roared higher it has been my fave rallied nearly 37 Columbia Sportswear gained 19 and even the down and out under armour finished 2019 up 22 . Although, of course, it was done with a lot of turbulence but all three of these companies have experienced some big changes over the past few months we got to reconfigure here nike and under armour, new ceos and columbia lost its longtime chairwoman Gertrude Boyle mother of tim boyle and we offer tim and his family our condolences we know this group fascinates you so have to ask what does the future hold for the big three . Lets start with nike. Last year the big worry with nike was whether theyd be able to maintain momentum in china despite the trade war. Boy, it turned out to be total nonissue and forged strong relationships with the Chinese Government and able to keep delivering incredible sales even before we got the phase one trade deal last month, probably the best performer in china along with, yes, apple and starbucks. New fear in late october we learned their lo longterm ceo could be stepping down for his replacement the board decided to bring in john donahoe then ceo of service now and formerly ceo of evacuatebay. He is set to take the reins next week i think he is a fantastic choice you need to understand parkers handing donahoe a truly tremendous enterprise able to put up terrific quarter after quarter after quarter. It was a clinic. Theres a reason these guys are the biggest footwear and Analog Devices<\/a> with a big upgrade. Both of those companies are seeing Strong Demand<\/a> you always have to buy these stocks coming off the bottom thats what ive been telling you over and over again even though it might have been caused by them turning the price around worth 4. 70 or 8. 78 on an upgrade. Given an overall weaker take thats an astounding performance. They sound off at ces for only the Consumer Electronics<\/a> show. Its all bullish lisa su talked about Strong Demand<\/a> for her data, pc and gaming chips and gave us a spectacular blueprint for future sales. The brilliant cfo of nvidia tells us how inference chips, actually thinking chips are becoming a real part of the business closer to genuine Artificial Intelligence<\/a> than most think and last time reflected in the actual earnings per share. What else . If customers are buying semiconductor in record numbers the chip numbers need more capacity they go to kla and Applied Materials<\/a> and lam research no wonder their stocks are soaring. Executives are showing off all sorts of new devices and seeing excitement for 5g. 5g ripples through everything from Skywork Solutions<\/a> and Marvel Technology<\/a> and talking about the wonders of it later in the show maybe youll believe me then elon musk gave a rosey outlook for teslas chinese demand a did a jig because he cant contain his excitement tesla is going to be selling 150,000 cars from the chinese factory that didnt exist. Didnt exist 12 months ago took 10 months to build. Take oh, none of the American Companies<\/a> could build Something Like<\/a> this. This is up 150 since may and its got more room to ruin the cloud kings continue to romp as one analyst after another names them salesforce jumped 10 bucks this week alone stuck in the 150s forever. We got a big endorsement of twitter for merrill lynch. Including the facebook which is on an outright tear and cybersecurity stocks rocking defense, just today we got an upgrade in the laggard fire eye. 3 an upgrade i could go on and on, the point is tech stocks are reacting to every single positive upgrade. Every single data point and the stocks buy, buy, buy. Go higher. Should we be shocked at the strength despite how iran is ready to wreak havoc for us killing one of their top generals i myself am torn history is on your side. For the last three years since President Trump<\/a> was sworn in, tech stocks have rocketed higher in january january 2017, nasdaq composite rallied 4. 3 , last year the nasdaq blasted to the moon up 9. 7 now the nasdaq index itself, the composite is not to buy. There are way too many drug stocks and those are the exa opposite of the tech stocks im talking about here those are safety last stocks you know, look, on the other hand, these january tech rallies, they dont always have legs in february of 2018 you had a onetwo punch of an economy that was too darn hot and a series of dangerous bets made against the volatility index or vix. What else . Youre not early this time around last year we came but the jay powell bear market with the foolish decision to raise Interest Rates<\/a> while promising more rate hikes in 2019. As soon as powell changed his tune the averages caught fire. This time around theres no spri springboard. Weve had a major run. That said the trend is driving so much its real and longlasting lets take 5g. This is the year when 5g networks should take off any company with a decent amount of exposure will win from the Semiconductor Names<\/a> i already mentioned all the way up to apple. Second, digitization i know i talk about it forever but its still in its infancy and gives you room to buy a seasforce or workday or adobe. My Charitable Trust<\/a> just trimmed service now i mean trimmed salesforce had to the stock is up 10 bucks in 2 days third, a decontinue tiff shortage of social media stocks, twitter, facebook and snap thats about it. Advertising remains strong dont forget trade desk. Many believe that were about at the level where we have to be a moron to buy stocks up here. We have an unpredictable president who has provoked possibly serious retaliation from iran. A number too hot for the fed to justify rate cuts. If we get a strong labor report the money types will crawl out of the woodwork. Theres hope based on a stronger tech market by growth great trends that transcend these worries. I read my twitter feed and see what the critics are saying. Theyre saying ive gotten too negative as a palms to my eldest daughter ive become jimmy cho. Thats what she calls me i saw the tina turner play i dont want to fight no more. What iran has planned for us you can understand why someone might join that. Im not a garden variety bear. Im not even neutral too many opportunities the bottom line is im simple frying to be respectful of the power of hope melded with the strength of the technology complex. I want to buy these stocks but keep in mind, you have to be prepared for an exogenous event that causes a pullback that will give you opportunities to buy at lower, less expensive levels mark in nevada mark caller hey, jim, go, blue. A longtime listener, firsttime caller in the past you recommended marvel its been hovering around 25, 26 is this stock only a play in 5g space or hold it youve good to hold it. It is biding its time. Its reshuffling its debt. Its getting rid of low marriagesen, cut things like wifi, moving aggressively into 5g and when its done it will be the purest 5g play there is by marvel hey, how about alex in pennsylvania alex caller hey, jim. Its nice talk to you. Thank you so much for everything youve taught me i appreciate it deeply. Thank you, man. Caller question about gw farm m ive been in that stock for some time now. Each time it goes down 5 , 7 . What do you think . Is it time to let go of that or keep holding on . I think you can hold on to it gw pharma is the pharmaceutical. They create cannabis that is used principally right now for epilepsy for young children. I dont want to give up but i can understand your frustration. To carlo in florida. Carlo. Caller booyah, jimbo. Carlo here in coral gables with my daughter mia and olivia and want to know about square. Were not very happy and the n nonaggressive nature of the cfo. Can you let me know if its time to sell or hold . I struggle myself i struggle myself with square. Jack dorsey is in africa everybody is online all the time maybe it shouldnt matter. I think theyre doing incredibly well the stock is flatlining they will have a meeting soon where i think youll feel better about it we have an upgrade today i say you buy square, not sell it guy, listen, hope is springing eternal for tech just like it did last year and the year before and the year before that. On mad, dollar, dollar, billya more attention to the greenback. Then ive got 2020 vision on the sportswear companies nike, under armour columbia who will make the cut . Ill reveal and gadgets and gizmos aplenty. The discussion of the ceo of cvs so stick with cramer announcer dont miss a second of mad money. Follow jimcramer on twitter have a question, tweet cramer, madtweets send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc miss something, head to madmoney. Cnbc. Com. Do you have concerns about mild memory loss related to aging . Prevagen is the number one pharmacistrecommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time<\/a> they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com what are you doing back there, junior . Since were obviously lost, im rescheduling my Xfinity Customer Service<\/a> appointment. Ah, relax. I got this. Which gps are you using anyway . A Little Something<\/a> called instinct. Been using it for years. Yeah, thats what im afraid of. He knows exactly where were going. My whole body is a compass. Oh boy. The my account app makes todays Xfinity Customer Service<\/a> simple, easy, awesome. Not my thing. For the past year we havent had spent a lot of time worrying about currency fluctuations. The dollar strong, not great for exporters and it had become a recurring problem for all multinationals but now something new, Something Different<\/a> something positive its happening for companies a weaker greenback and we got to see hoi weak it can get. Currency markets are not my prove convince but thats why im going off the charts with the help of carly garner a brilliant person and author of high probability Commodity Trading<\/a> because she thinks the weakened greenback could be poised for a major breakdown and once that happens it will bleed into everything else, stock, bond, commodity, not just the multinationals the weekly chart of the dollar index. It measures the value of the u. S. Dollar against a basket of foreign currencies the blue line here, okay thats the 1 eyeweek moving average. Garner is not a huge believer in using that to come up with price target, many technicians are but when you look at the longer term ones she thinks they can give you a helpful, big picture view. When it comes to dollar index weve seen over and over that when it breaches the 100week moving average, well, you tend to get a significant move. You can see, boom, thats big. Wow. Could really get clobbered 2014 it broke out above the 100week moving average and seemed on a colossal rally and the dollar index from the low 80s to the triple digit and the move totally changed the landscape in the markets with oil and gas prices plummeting and hurt the earnings of a lot of multinationals. 2017 the dollar index broke down below its 100week moving average before plunging from the high 90s to the high 80s garner points out after our currency weakened we saw rallies in oil, gas and gold not just priced in dollars but bullish fundamentals giving them a boost. She brings it up because once again the dollar index looks poised for a major, major breakdown. The march futures are currently trading near 96. 50 the relevant strength index is down at 41, meaning theres still plenty of room for more selling before the dollar gets oversold if the greenback breaks down and takes out it this level, if it goes below the 100week moving average, garner thinks it will alter the balance of the currency and Commodity Markets<\/a> while the dollar index has a floor of support at 93, she expects traders to be caught off guard and thinks it will plunge to 88. 25 if shes right a lower dollar will drive most prices higher, something maybe the fed will be worried about. If the move happens gradually garner believes it will boost the stock market because so many big multinationals would benefit however the dollar is lower rapidly, that could trigger uncertainty. Weaker greenback is bad news for u. S. Treasuries because coupon payments become less valuable. Check out the monthly chart of gold prices. The Precious Metals<\/a> have been on a tear and probably because the dollar has started weakening igniting a fierce rally. Uncertainty drives gold too. Its gotten big lift from geopolitical worries if you think were headed to war with iran, well, you know as ive been saying over and over again cash and gold, cash and gold right . However in the absence of a big breakthrough in the dollar garner would expect prices to peak sooner rather than later and sees it the precious metal is pricing in the decline to the low 90s. At this point theyre nearing their major ceiling of resistance and its nearing overbought levels meaning weve come up too far too fast but if we get the breakdown in the dollar that garner is anticipating she could see the precious metal break out above its ceiling at 1605, next, 1793. Maybe we test the 1900s. Now we havent seen that level since 2011 although she doesnt think thats likely. Without a meaningful decline in the dollar garner thinks gold will run out of steam this is striking to me make it all the way back to 1250 whoo and if that level fails, she thinks it will go to 1,115. This weekly chart of gold with the commodity futures trading commissions, a commitment of traders report or c. O. T. Report which shows you what theyre doing. We care mostly about the large speculators, money managers. Lately theyve gone all in, all in gold. This is do you know this is their largest net long position in gold in history well, garner believes there will be more upside but its gotten crowded and good reason to believe its gotten way ahead of itself look at this everyone is recommending gold. Ive been recommending since the show began and i think 10 of your assets should be in gold. Ensure your house and ensure your portfolio what else gives garner pause, u. S. Treasuries. The daily chart of the tlt in types of geopolitical turmoil wouldnt you expect this to go higher because bonds are a safe haven but that hasnt happened the tlt is trading sideways, less volatility. As far as garner is concerned the gold market and bond market both cant be right. Bond traders tend to be more levelheaded. Ooh, ill take a lot of heat on that but its true w that in mind she is assuming remember, you can attack me on twitter. Im not going to respond assuming that gold is overreacted and treasuries have underreacted even speculators are usually long gold. But when you zoom out that actually makes sense last year u. S. Treasuries got a huge boost from the rest of the world. Foreign bonds paying negative Interest Rates<\/a> so investors sent their money here the rest of the worlds Interest Rates<\/a> have gone higher so theres now less overseas cash flooding the bond market she expects the market to be decisive except when it comes to Treasury Bonds<\/a> weaker dollar should send them lower. Right about the lower she expects tlt to head to 130 from 137. That would be pretty dramatic too. At which equates to the 30year treasury yielding about 2. 5 up from 2. 3 . Might make a brief run at 142. Before then but garner is betting it will be rebuffed and she recommends selling into strength sell this etf. Okay thats important a lot of trade remembers in that thing. The bottom line, the charts as interpreted by her tell us its time to start paying more attention to the action in the dollar and its about to plummet and betting on a big breakdown, not this little one weve had so far. Good news for gold bad news for u. S. Treasuries good news for American Companies<\/a> that do a lot of business overseas i hope shes right and want to see higher earnings for our International Companies<\/a> that could detroit it higher. If shes right thats precisely what we will get stick with cramer. I can. The two words whispered at the start of every race. Every new job. And attempt to parallel park. electrical current buzzing each new draft of every novel. typing clicks the finishing touch on every masterpiece. newborn cries it is humanitys official twoword war cry. Words that move us all forward. The same two words that Capital Group<\/a> believes have the power to improve lives. And that, for over 85 years, have inspired us to help people achieve their financial goals. Talk to your advisor or consultant for investment risks and information. Talk to your advisor or consultant because its tailored to you . Take the personal assessment and get matched with a proven weight loss plan. Find out which customized plan can make losing weight easier for you myww join today with the ww triple play let me get you up to speed on my favorite stories, the sports wear bull market. Last year during a rough period, sportswear roared higher it has been my fave rallied nearly 37 Columbia Sportswear<\/a> gained 19 and even the down and out under armour finished 2019 up 22 . Although, of course, it was done with a lot of turbulence but all three of these companies have experienced some big changes over the past few months we got to reconfigure here nike and under armour, new ceos and columbia lost its longtime chairwoman Gertrude Boyle<\/a> mother of tim boyle and we offer tim and his family our condolences we know this group fascinates you so have to ask what does the future hold for the big three . Lets start with nike. Last year the big worry with nike was whether theyd be able to maintain momentum in china despite the trade war. Boy, it turned out to be total nonissue and forged strong relationships with the Chinese Government<\/a> and able to keep delivering incredible sales even before we got the phase one trade deal last month, probably the best performer in china along with, yes, apple and starbucks. New fear in late october we learned their lo longterm ceo could be stepping down for his replacement the board decided to bring in john donahoe then ceo of service now and formerly ceo of evacuatebay. He is set to take the reins next week i think he is a fantastic choice you need to understand parkers handing donahoe a truly tremendous enterprise able to put up terrific quarter after quarter after quarter. It was a clinic. Theres a reason these guys are the biggest footwear and Sportswear Company<\/a> in the world and they offer customers a constantly improving digital experience have you seen the store in midtown fifth avenue if you come to manhattan from out of town, go to the nike store. It is incredible a wonder the companys digital apps outperform all other channels driving 38 of digital growth. If you read their last Conference Call<\/a> did you know the word digital appeared 47 times digitization thats where nikes focus is thats why donahoe is such a good hire. Remember, he spent years Running Service<\/a> now, a cloudbased company that helps his Companies Save<\/a> money hes exactly the kind of executive you want if youre trying to grow your Digital Business<\/a> you might worry service now is an enterprise play while nike, of course, is the ultimate consumer focus company but before, he ran service now, donahoe was the ceo of evacuatebay and understands both sides and understands the consumer and had him on so many times. I know hes got it down. Mark parker is staying on as executive chairman the stock is currently selling for 29 timesearnings estimates but if you dont own it at that kind of price wait for some exogenous issue pullback in other words, something that isnt involving nike that causes the market to be brought down. You reach for this one okay, next up you dont reach for this one under armour this story has a lot of hair on it wall street bald is beautiful. Hair is bad. Its like finding hair in your soup for ages under armour one of the hottest Growth Stocks<\/a> around 2015 it slammed into a concrete retaining wall, 2016 2017 got more competitive and growth slowed it was a 00 plus stock in 2015 but by november of 2017 it had plunged to 11 bucks. But thats where it bottomed now after spending years lost, they started turning itself around and had a nice run in 2018 in the first half of last year at its peak last july the stock was up 57 for the year but then it hit another wall at the end of july the Company Reported<\/a> very disappointing quarter. Grim guidance, then it got hit again two months ago when the wall street journal published a bizarre story stating that under armour was the subject of a big federal accounting probe that sent it from 21 to 17, however by the end of last year it rebounded to 21 and change because the most recent quarter was better than feared the big change here in late october under armour announced that kevin plank was resigning from the ceo job though staying on as executive chairman and brand chief. His replacement, patrick frisk who took over as chief operating officer in 2017, and for that he spent more than a decade working with good one, timberland, north face a good pedigree. My view, the accounting probe is contained. I think the scrutiny is overdone i dont want to take it off the table. Cant do that but its not important. I wish i could be more sanguine about the Actual Company<\/a> prospects. Unlike nikes leadership, theirs feels too much of more of the same this Company Needs<\/a> a bit of a new vision although i think if kevin came here right now with mr. Frisk we could get that vision explained but right now i feel like i just feel like the market is too cruded for what theyre offering and know this is this hover is doing well but it just seems i dont know it seems lost in the shuffle kevin is adamant hes been instrumental in the companys recent turnaround but it hasnt always gone smoothly while theyre in great shape under armour is in the middle of a turnaround, even hard for a person as accomplished as those two. Those stocks have roughly the same valuation but consistent high single digital growth i hope patrick can pull it off i like these guys. The accountle scandal may be lets say much ado about nothing. But the actual fundamentals show me last but not least Columbia Sportswear<\/a> which you might recognize at mountain hardware, this has been an incredibly performer at the depths of the Great Recession<\/a> to 100 as of today. The story here is more of a tragedy, late last year, the longtime chairwoman and boyle family matriarch passed away an took a company not far from bankruptcy in the 0s and turned it into a 6. 8 billion powerhouse it was very much of a Family Business<\/a> and her ton is taking over as acting chairman. Why do i were this up . For years ive been hearing speculation that the passing of ms. Boyle could put columbia in play meaning it opens up the possibility that the Company Might<\/a> put it up for sale my view i dont think thats going to happen. You should never buy a stock purely because of takeover speculation but they are a well run company. While im recommending it up here and it doeshave some exposure to tariffs, here you have it, made in china i do think like nike, if this one comes in, you want to pounce on it. Heres the bottom line, weve seen a series of big Management Changes<\/a> in the sportswear space in the recent month but im going to reiterate i think its worth sticking with nike, buying columbia on a discount and under armour still has a lot to prove before i can bless owning its stock. Lets go to tracy in california. Tracy. Caller hey, cramer i am a marathon runner and my Running Community<\/a> is obsessed with wearing lululemon do you think there is more room for the stock to run no pun intended. I love that the answer is, yes, i think lulu is not done. 233 and alltime high today. I think lulu is incredibly well run. Its been well run got a new ceo. It is just terrific. And even up here its a buy. Lets go to gerard in South Carolina<\/a> gerard caller hey, jim. How are you . I am good, gerard how about you . Caller good. Sorry about philadelphia i was rooting for them. Yeah, me too. I was going back and forth with my friend today. Im trying ill put it behind me soon but i just want carson wentz to get better as fast as possible. Caller good point. Okay, jim, i started a position in revolve on your recommendation they missed their last two quarters do you still like it. Yeah, i really do i know that i know the stock has come down a great deal but its an ecommerce Fashion Company<\/a> that i think i actually had a debate about this with my daughter who says, dad, youre a little too bullish on this company i think its got a terrific, terrific fashion presence and im not backing away from it i think its fine. All right. Theres a look, theres a powerful sports market bull market going on. Nike and columbia, you get that exogenous event everyone is talking about. Think of these two when it happens. More mad money ahead for decades this company has been focused on the next big thing. Dont miss what harmons ceo has to say about the future of Technology Live<\/a> from ces music to my ears dumbfounded by tesla but for reasons that may surprise you and all your calls in lightning round. Stay with cramer oh, your mom just texted. Shes landed. And shes on her way to our house. What. I thought she was coming next weekend. I got it. Alexa. Start the coffee. Set the temperature to 72. Start roomba. We got this. Dont look. What . Dont look. Lets move. Mom. The lexus es, eagerly prepared for the unexpected. Lease the 2020 es 350 for 389 a month for 36 months. Experience amazing at your lexus dealer. On the open road this company is delivering. Music the way it ought to be heard. As the 5g era is near, can you connect to the future with harman every january the Tech Industry<\/a> assembles in las vegas to show off their new products at ces, the Consumer Electronics<\/a> show its wild. This years ces got rolling yesterday. Today were checking in with one of my favorite Consumer Technology<\/a> plays harman, the maker of all sorts of audio and visual technology for the connected car and home sound systems and headphones i bet you got something from harman in your house three years ago it was acquired by samsung we loved the stock now it remains a subsidiary of the tech titan even though we cant own it directly we can benefit from the managements expertise dinesh is the president of harman and we get a sense of what he has cooking now that ces is in full swing welcome back to mad money. Great to be on your show, jim. You know, dinesh, i miss you very much, not just because of what you did with harman but because you have unbelievable insight. Tell me what it means to have sold 100 million headphones. Jim, were in a pretty good place right now. You know, on the consumer side, we are gaining one new headphone customer a second, 32 million new customers in one year so happy and we have come from number nine position to number three and the Fastest Growing<\/a> ahead of apple and sony and bose, couldnt be happener in but ces is buzzing and its very different from last five, seven years what i have seen so Something Special<\/a> is in the air. Its not about unique Cutting Edge Technology<\/a> but finally these things like augmented reality. Artificial intelligence, smart everything, smart display, passenger economy, 5g. Theyre starting to come together to create a solution and companies are coming together to create a collaboration finally putting it all together because one company cannot do it alone im happy to see what im seeing right now. Dinesh, lets talk about say use the example of gaming. Gaming is maybe the most popular thing in the world right now and harman is now doing some things in gaming making it so that youve got the best Quality Technology<\/a> to go along with the unbelievable games why did you move into gaming so aggressively so, jim, weve been in headphones for past 40 years the recording reference headphones were made by jbl but entered into consumer headphones and this year im very proud that jbl launched a jbl quantum, its a patented technology which really tracks puts the gamer in the context and contextual especially you can do with many headphones but this gives you immersive 360 view of up to 40 channels so we believe this is the Fastest Growing<\/a> category, 35 billion market in 2024 and we want to play big in that. All right so, dinesh, this morning, a very Katherine Ross<\/a> who works with me at the street said, jim, maybe youre making too much of 5g is it possible its overhyped . Please tell me, dinesh, its as big as i think it is jim, youre the master but youre asking me so ill give you my view. Look, 5g has been hyped for last many years the same time we all know without 5g we could not really apply ar and ai, the smart iot, the smart displays, the passenger economy, the shared mobility this morning i was part of bmws announcement that first 5g enabled would be in commercial car in 2021 and that would be supplied by Harman Samsung<\/a> and this is going to go spread like wildfire so 5g is here and, jim, 5gs 100 times faster than 4 g and by the way we never had 4. G in real life, we only used 3, 3 1 2 so 5g will take us 28 minutes to download a movie it will do it in 5 seconds and allow the bmws, tesla and gm to take the sensor from car, take it to the cloud and have no latency, autonomous driving initiatives. Connected lifestyle. Connected professional side. Connected life the whole Office Environment<\/a> so 5g is real its happening this will require standards across United States<\/a> this will require Global Public<\/a> private partnership its mature and under application now. I see split if its that fast and im holding up my 11, why do i need cable tv . I mean, it sounds faster or equal to cable you know, this is an interesting word a lot of new players have entered. Those who are streaming live, they launched latest movie from netflix in the theaters same time as coming on netflix. A lot of content creator are coming and privately people like you and i if we have competition we are streaming live so i think this is going to be a play who can give you high quality relevant content on time everywhere any time and on time and has to be High Resolution<\/a> without buffering. I hate buffering 5g will take care of that. Im excited about consumer side where we are able to bring end to end samsungs capability from chip, from compute platform to the mobile to 2 1 2 billion phone, the whole network and this company understands User Experience<\/a> and when you bring that together in home, in car and in enterprise i think were in a pretty good position to leapfrog and i think thats what will define but this definition will not come alone from Samsung Harman<\/a> this will require a partnership with microsoft, with google, with amazon, Companies Like<\/a> ten cents in china which by the way we are showing collaboration and my dear friend from salesforce. Com, i know you love them and i love them we have a bmw car showing full application of salesforce. Com without destruction as a passenger, you can really orchestrate your pursuit from the car so its 5g which will make it realtime with no lay tennessee. I want to be clear it wont happen next year or this year. I think its 2021 and then after that its going to really spread okay. Look, thats enough for me to be able to start visiting in what i regard to be a tidal wave and i want to thank you so much to dinesh, president and ceo of harman great friend of the sir. Mad money is back after the break. upbeat music [narrator] at Southern New Hampshire<\/a> university were committed to making college more accessible by making it more affordable. Thats why were keeping our tuition the same for all online and campus programs through the year 2021. [woman] i knew snhu was the place for me when i saw how affordable it was. I ran to my husband with my computer and i said, look we can do this [narrator] take advantage of some of the lowest online tuition rates in the nation. Find your degree at snhu. Edu. Announcer lightning round is sponsored by Td Ameritrade<\/a>. It is time its time for the lightning round. Buy, buy, buy. Sell, sell, sell. [ buzzer ] and then the lightning round is over. Are you ready, skeedaddy. Yu in florida. Caller thanks for taking my call. Of course caller with only ag being the greatest and best thats coming up, what do you think of American Power<\/a> okay, American Tower<\/a> is trading right now on what the judge is going to do on the merger between tmobile and sprint i say wait a few days, stock is coming down and then youll get a better chance to buy to gerard in new jersey. Hey, jim. How is it going tonight . Going really well how about you . Caller pretty good im looking for a price target as well as a time frame on mattel i think you know, we had mattel on just a few weeks ago and the stock has been motoring higher and it could go to 17 or 18 without a problem they have fixed the company. Im a believer in mattel lets go to robbie in new jersey rob. Caller jim this is rob from dirty jersey. How are you tonight . Im from clean jersey im doing well whats going on . Caller i love to hear it its the garden state, chief. Caller okay. Well, listen, jim, i bought a position in isee, i bought it at 1. 8 aa share. Veric and closed at. 44 i got a stop in at 7. 50 to sell 25 . I got another stop in at 7 to sell 25 and i got another stop in at 6. 50 to sell the remaining 50 . All right you know, robbie, i dont know the stock but what i would do is take your money out. Take the cash that you have in it and then if you want to keep the stop loss. I dont like them, you go right through them take some profits then let the rest run i want to do more work and congratulations. This is what invest something about and speculation. They both work for me. Jeremy in texas. Jeremy. Caller im calling to see what you think about neo. The thing got pancaked. On 60 minutes and got hit all the way down the only chinese stock i recommend is alibaba which is a Great Company<\/a> and ive used them and its very good lets go to lauren in connecticut. Lauren caller hi, jim booyah. Booyah caller im calling to ask you about ever bridge. Evbg. I got to do work on that one. Im in the never bridge camp walt in florida. Walt caller yes, sir, hey, jim, a big, big booyah to you, brother. How are you tonight . Im doing fine. How about you . Caller im fine. Thank you very much. I wanted to inquire about a stock that im looking at. Its pei also known as preak. It didnt sound that good and made it seem like it was going to turn the thing around 16 yield. Im worried. I want to stay away from pei i wish it were doing better. Valerie in florida valerie. Caller hey, jim, happy 2020 booyah to you. Right back at you what is going on. Caller i want you to know im a big fan, watch squawk box all the time and maried to a philly man like you. Want to ask about chewy and i love dogs. Were in the same boat. We love dogs and we love chewy this is a situation where i feel like the love of the product and the fact that its got great growth is okay for me and okay for you. And that, ladies and gentlemen, is the conclusion of the lightning round. Announcer the lightning round is sponsored by Td Ameritrade<\/a> this piece is talking to me. Yeah . So what do you see . I see an unbelievable opportunity. I see bestinclass platforms and education. I see awardwinning service, and a trade desk full of experts, available to answer your toughest questions. And i see it with zero commissions on online trades. I like what youre seeing. Its beautiful, isnt it . Yeah. Td ameritrade now offers zero commissions on online trades. Apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time<\/a> they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com so people are dumbfounded that teslas stock can be worth almost as most as General Motors<\/a> and ford combined. Thats right an 84. 5 billion market cap gm, 50 billion ford, 37 billion we hear this griping every time tesla takes out an important level. I remember the consternation when a group bigger than ford and gm now almost the size of the two of them put together dumbfounded at their stock that it hasnt gone higher. Why . The stock market loves growth. This market in particular cant get enough this is a chart of growth, people teslas growth in space, investors will pay for it. Ford is shrinking. Nobody wants to pay for stagnation plus, tesla has a rapidly expanding business this china, all the more impressive when you consider fords China Business<\/a> is in big trouble and gm just told us its Chinese Business<\/a> will be down this year just like last year, it fell 15 and people mocking the fact that elon musk did a jig on the shanghai stage where he unveiled the cars he built a new plant in 15 months ford and gm would be struggling to get it up in 18 months and more in the habit of closing factories than opening them and musk says it can get capacity up to 250,000 the guy can dance naked after those accomplishments. I dont care more importantly these kind of comparisons between the old guard and new ones, worthless. Wall street will always pay much more for Fast Growing Companies<\/a> with fabulous prospects. I remember in the 80s when merck and cocacola, pepsicola, u. S. Steel then gm, ford we were all agog it had to be wrong no its silly this incredible bull market at the beginning of 1981 has been about one thing and one thing only, growth if you have it, your stock is worth more than a Similar Company<\/a> and the same industry that doesnt have it unless theres growth its a loser in the eyes of growth oriented advisers. I dont see ford or gm being acquired they hope that theyre being paid to wait for a turn. Crucially value investors, the che cheapskates, thats what they are. Thats why you cant compare a growth stock to a value stock and appeal to entirely different audiences. Most audiences like growth now, i got really bullish on tesla about 150 points ago when it became clear the company can make money maybe a lot of money as soon as next year. At the moment youre getting another wave of conversion from bears to bulls 20 is still short for a couple of positive earnings that can raise 2 billion if it needs it on a dime. What else made me go bullish elon stopped tweeting and stopped insulting the s. E. C. Someone threw a rock at the unbreakable window of a tesla new pickup truck and no one cared. In fact, it skyrocketed. The ford and gm versus tesla comparison is just a parlor game tesla has electric vehicles. Thats the future. Gm has an electric vehicle that one wants. Wake me up when tesla is double the value of ford and gm put together thats when i might take a pause in my bullishness only if ford and gm gain in value if they decline a double is too easy stick with cramer. Announcer tomorrow, kick off the trading day with squawk on the street. Live from post 9 at the nyse what . At the end of sdmress a seen. Well, okay, i have a lot to say and not a lot of time. All right . And i got to do enough Free Association<\/a> to stun you. Im like, huh announcer it all starts at 9 00 a. M. Eastern. Knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Oooh, well. Im good at my condo. Oh. I love her condo. Nana throws the best parties. Well planned, well invested, well protected. Voya. Be confident to and through retirement. See how to keep people moving, to keep a city moving. With esri location technology, you can see what others cant. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Created by apple, not a bank. With a better way to track where you spend. A new level of privacy and security. Daily cash you get back every day. And no fees. Not even hidden ones. Oh, and if you happen to be somewhere that doesnt accept apple pay yet, theres this. Nice. Ight that doesnt accept apple pay yet, welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. If they hear a great idea, theyll invest their own money or fight each other for a deal. This is shark tank. First into the tank is a couple with a product hoping to emulate the best part of a favorite breakfast food. Hi, my name is chris pouy. And i am tiffany panhilason. And our company is called cow cereal milk. And were asking 250,000","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia803106.us.archive.org\/31\/items\/CNBC_20200107_230000_Mad_Money\/CNBC_20200107_230000_Mad_Money.thumbs\/CNBC_20200107_230000_Mad_Money_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}