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tv   Mad Money  CNBC  May 1, 2023 6:00pm-7:00pm EDT

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downs. it's had tremendous downs. looks like it's sort of stemmed the losses expecting higher prices going forward. unh. >> all right thank you for watching "fast money. see you back here tomorrow at 5:00 meantime, do not go anywhere, "mad money" with jim cramer start, right now "mad money" with jam cramer starts right now. my mission is simple, to make you sun i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hi, i'm cramer. welcome to "mad money. i'm just trying to save you money. my job is not just to entertain, but educate and teach you. we have heard from two-thirds of the companies in the dow jones
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industrial average and they are going the way of the bulls, not the bears a lot of beats, and few misses to speak of. the dow dipping 46 points, and nasdaq declines .11% this is supposed to be a bad earning season it's pretty darn good. everyone is focused on jp morgan and we will talk about that later. i want to run through every dow stock reported so far. i think the market will be rocky in the days ahead. what i would like though do is dive in the stocks to buy if the market does indeed go lower. particularly the fed employment number on friday we will start with american express. this had a jgigantic quarter people have been selling it like mad.
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i didn't really get it er like american express well, i think it's easy to say it's a clear mess on amgen and one for the bears. i want to think you focused on the dow, a better preprepresente of the health care industry. and boeing, you want to buy it when it has more production. it has more orders right now than it had handle i wish we could go below 200 to get a better story and caterpillar, fail fod rise its forecast it gave the bears free reign to make up stories about order cancellation, and that is what happens at this point in the business cycle they are forgetting all the federal infrastructure i came back from washington after having lunch with mitch
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l landrew. and next, chevron, they have a misfortune of reporting the same guy as exxon no one cared exxon was tremendous what's not to like coca-cola, they just crushed it, as always. they came out with 12% organic growth when wall street was only looking for 10 yeah, a lot of that is incollation. that is not coca-cola's problem. they had tremendous pricing power and solid share takes. a win 's a win dow did okay i know the estimates here are all over the map i want to put dow in the neither here nor there camp. pricing on some was great. others, it wasn't. goldman sachs, they failed to deliver, and i point out, simply, it's been a tough, tough
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run for goldman. and i don't know if they are even giving series thought to how to boost revenue all the small time consumer banking stuff is awful they brought green sky for 2.24 billion they closed the deal 13 months ago and they want to sell it. what an ill-advised purchase this is a bear and ibm, good earnings and decent cloud growth, they brag about how many big companies use them that may be true but the sale to all the companies may not be as big as the bulls hope, i give it definitery to the bears. and honeywell, the stock has been a dog after doing well so long the refining business has gotten better climate control is good too, and
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automation you buy this one, four aerospace, and it mimics what you get if you buy boeing, without the misfiring. what do we make of intel it was hideous but not as hide hideous as you expect. this is the long awaited turn. i hope it's right. it's been a nightmare. it could have been worse, category that is a win for the bulls to some degree. now, if johnson & johnson didn't have the on going asbestos negotiation about talc, the stock would have soared after the quarter. there is a terrific score, and maybe they could have pulled the deal this week medical devices are better than expected people can finally go to the hospital for nonurgent surgery
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total win for the bulls. and the asbestos situation is very bad they have to make it work. mcdonald's, they had a 12.6% growth, people were looking for 9.3. they had a move, like chiplote i don't never buy the move and incrudible numbers from the cancer drug that is turning a fatal disease into a chronic condition. people are talking about six years from now, it's a long time but they bought one to take -- phew new drugs in the pipe microsoft stole the earnings season along with honeywell, and they did it with azure, the cloud numbers. and business software to gaming decisions. we don't know much about what
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they they will do about the stat does but they are using it to generate games and jp morgan can make money in any environment, including one without any investment banking jp morgan, it's like a vacuum for deposits and just today, they bought the carcass of first republic for a song we are learning about that later in the show. 3m, getting a littline agonizin. i don't see a way out of their situation until they put the ground water and cam bat ear plugs lawsuits behind them i think it was a dismal quarter but the stock didn't go down because dismal is what people expected i put it in the okay category. proctor and gamble, showed it the progression. and nobody mentioned rolling back prices to you, right?
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i think this is a line in the sand quarter for p & g i bet we get beat after beat going forward. the company will get profitable. travelers, it's just okay. they can't traction with anything and i was hoping for what with question had had chub, more growth typical earnings, good sales i don't know struggling here. goodernings, okay sales. what do you do with travelers? i think you say, no su verizon, i think the stock is enticing and i put it in the isn't as
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horrible category. i still like humana, and i'm in the presence of greatness when it comes to unh, and visa, i thought the ceo got bogged down in the session frankly i own visa, an amazing way to play the reversion to sanity in the thin tech space. a heck of a lot of wins. not a lot of losses. when i say okay, i mean the stock didn't go down when i say more work to do, they have to figure out a better narrative to get better sales and earnings i would keep those in mind, this category in mind, when we get what we think will be a difficult week they have to fullback because of the fed, employment. you need to know there are stocks there to buy. kendall in georgia, kendall? >> jim, a booyah from atlanta. >> good to have you on the show.
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what's going on? >> thanks. i first bought this stock in february '21, and i kept going on, and i added to my position in the end of year, and '22, it started going the wrong way and i trimmed my position by half. my question is, what is your long term view of paypal and should i start adding to my position >> paypal is an 84 billion market cap and it doesn't have the franchise that i thought it had. it doesn't is the growth i too got hurt, just like you talked about this time from my travel trust i feel like this i say this is -- don't buy in we heard from two-thirds of the bowedow this earnings seaso, and some of these, they need more work. it's hard to tell whether you're going to have a bad week, but this is your buy list, not these. on mad tonight, i'm ranking
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reports from four major tech companies, and a brand new acronym that could be worth watching, and a controversialing to and don't miss my exclusive with a ceo. stay with cramer (vo) verizon small business days are back. april 27th through may 3rd. get a free tech check and special offers. like a free 5g phone. get started today with verizon business. it's your business. it's your verizon. (swords clashing)
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last week, we heard from four of the mega tech titans, and all in all, i think they did
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pretty well. i'm talking microsoft, meta platforms, amazon. they weigh in at 14% of the s&p 500 and some of these, i do find worrisome, and we have to go over them and be careful here. microsoft kicked off everything, along with alphabet, last tuesday night. microsoft posted top and bottom line, and all tloof of the main divisions came in stronger than expected but the productivity, and the intelligent cloud had double digits year over year. be the personal computer was down, that is better than feared there has been a decline in the pc industry. they were down 35% year over
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year they are never complete, and traders constantly jump the gun on this one. two things really stood out here the azure cloud business fa structure held up better than expected 30% up, and a better than expected forecast. i believe they can will taking share. second thing, microsoft says the early leadership and artificial intelligence is giving them a major advantage over the competitors. now, we already knew they were a major investor in open a.i but most people figured a.i. was a longer term story that could takeages to play out nope, microsoft is already integrating a.i. in core process, and they are adding it in areas they want to grow like the search engine, and you have to think about big
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it's not bed, and stocks surge wednesday, and and this is what makes sense to me. i think a.i. is more important than expanding the video game business all things considered, microsoft had a very, very strong quarter. and i really like it and alphabet gave a top and bottom line. it wasn't as impressive as microsoft. most did better than expected, and holding bet every than i feared google cloud was up 28% year over year, and alphabet got better on cost, which is how google cloud turned into a surprise, rather than the loss expected more. it was a stunning turn alphabet is one of the big companies and maybe finally role b back i wouldn't say big role back a buy back authorization, a
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thing you want to see if you want to believe the company believes in itself alphabet doesn't give me better. their expect full year capital adventures to be higher. they expected it to be flat. and management did a good job explaining how the new spend willing go to necessary infrastructure, and plus, they told us they would off set the cost with savings in other areas, like a consolidation of real estate. i hope that is the case. and overall, the results were good and the 3.7% the next day, and not good enough to sell shares today. they are considered about them coming back and taking share from google. along with the advertising business, and a recent lawsuit fired by the justice contempt. i think the lawsuit has merit.
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any share loss will be shared negativitily here. this quarter was a blockbuster meta rallied 138% from the november lows, whoo, going in the quarter, the stocks tacked on 14% gain last thursday. normally, it's hard for the stocks to rally when expectations are already high. but meta's case they. >> reporter: not any where near high enough as i told you. mark zuckerberg delivered an earnings report. in the last few months, he laid off roughly a quarter of the work force it's flowing through the profitability, and it's going to have a larger impact going forward, once they get through the generous severance packages. they were indeed very generous and something they think is miraculous, it wasn't hurt the business the user counts were up
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gigantically they squeezed out revenue growth that with encouraging numbers, and the same time, they had great sales in the current quarter. they are looking for a 2% to 11% revenue growth it doesn't sound like much they also cut the high end of the full year expense. meta is not giving up on artificial intelligence. like moork soft, they point out that a.i. is improving engagement on facebook and instagram. and something they lost tracking ads, a.i. is really working in favor of meta. no wander the stock went higher. and the team starting winning, and that's what is happening
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here meta surged 14% in response. the biggest move among the names by far i think microsoft is doing better microsoft had faster growth and expanded its margins, and meta had slight growth and nearly less margin. meta had more improvement, much less doing better in absolute terms. let's turn to what i regard as being the toughest one right now. let's talk about amazon. amazon gave you numbers on thursday and this was the only mama stock that got hit in response sank 4% on friday. the stock rallied after hours, because the numbers on the surface were pretty darn good. they were past numbers and they came in stronger than expected and showed cost discipline i think they need to make deeper cost cuts. and they have to fire more people only the stock reversing after hours trading, because of a comment. amazon web services, cloud
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business up 16% in the first quarter. but the cadence was very bad throughout the quarter they sailed in april frankly not even in the three months reported, falling to 11%. that a big stepdown. that is suppose thod be the company's key growth given that alphabet and microsoft had a lot to do, made me feel like amazon is fading the market share i feel like amazon web services will see the revenue growth sink below that, and a negative the rest of the business is comin coming on strong there is no reason to panic. i don't want to do this. because i only believe the a.i. probability here could boost the service in double digit growth it means so much data
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it needs the cloud space i'm not pounding the table and the intesting to buy it. maybe 95, not sure yet amazon still needs to do more work and i am of course worried about alphabet's lawsuit and i'm worrie wor worried able bing. they can articulate a strong revenue. just to be sure, perfect, great, some great bad. here's the bottom line april is a good month in large part because last week was a good week. and last week was a good week because microsoft had good numbers. only amazon fell short microsoft was best beating meta by a nose. and a couple furlongs, alphabet, and behind, finishing last is
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amazon, once a total fave of mine we have issues with alphabet, and meto and microsoft is terrific back after this. comings up, the mouse house reports next week. is it going to be magic? find out next. what do you get from the morgan stanley client experience? listening more than talking, and a personalized plan ♪ to guide you through a changing world.
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big story this earnings season is we are finally able to appreciate companies with advance numbers. this weekend might be put on hold as wall street advances wednesday. i am concerned a quarter point and no weight. but it means we have to be on the look out either way for great american companies that sur vise the upset finally i eidentify what you
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know and when you are confused able something. my mantra is buy and home work, i always look for anything to alou me to at lost narrow down a list of stocks worth looking into and patrick, a technician that is a founder of mentor and it turned out to be incredible cost, because everybody hated them the charts can't tell you how a company is doing, but it can tell you how the big money is doing, and you can tell a deal by analyzing the footprints. right now, he loves what he sees in disney. he is under performer. he is going in disney's earnings, a little over a week, and i have to tell you, i'm concerned. he went down late last year, storks are down from a high in march of 2021.
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this is a company that is dragged down by leadership, and what it made me. the leader situation has been fixed. the body decided that the disaster should go, and restored his predecessor, and the kpal the last time he raided disney he started making cuts in the bloated disney clus division, and he says he wants to give it by year end. we heard a lot of chatter about ron desantis they are fighting about how much power state and local regulators have over disney world they say it's politically motivated bus the ceo criticized the governor's critical agenda it's a lot of back and forth, and any potential negatives are
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baked in the stock if i were the governor of florida, i would not want to antagonize the house of the mouse. and fitzpatrick, the question is whether disney bottomed already. and guess what he is convinced the answer is yes. fitzpatrick has shotted a basing pattern here and while the stock's been stuck at a ceiling of resistance today, it's almost exactly, fitz says it's under accumulation big money managers keep buying, and look where disney is coming from back on december t8th. after spending last year, the stock made a high volume reversal at 84 that was a terrific moment disney surged 40% to 118 you had a climax bottom and
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unfortunately, a climax top. the quarter was phenomenal and the market turned negative in february, and disney was dragged down in the month after the last quarter. the stock last 23% of its value and made little of his headway and stabilize march 13th and drifting sideways. over the past six weeks, fitzpatrick pointed out a series of high and lows, and just that the sellers seem to step in when the stock goes in triple digits. fitzpatrick says you want to see low value in a sideways move and buyers and sellers are in agreement, and sometimes higher and sometimes lower. he says you want to watch the bollinger, the lines below and above, that reflect the level of volatility this is something i learned when
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i was in my liaw school dorm they are coming in tighter than any other point. they are wide here that is what we had talking about when he talks about the bollinger bands titlening. and periods of high volatility and back right now, disney can jump out of the congestion and make a big move some of that is because of friday's trading action. you can compare the stock value and the losing location value. means where does it close to in relation to the enter day high or range the disney volume is 34% above -- the purple circle, higher than average and it closed near the high of the day, which is very, very positive for fitz in short, there is late of buying and it came steadily through the close, and that is
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why he thinks it's poised for a move higher, not lower you know, he's a technician and he is worried if it goes below 96.50, you have to cut your losses it means the stock has more base building work to do, and it will be unlikely. you know what i think. he would be a buyer if it went down to that level i want you to take a look at another version and showing some moving out, not the actual prize. right now, disney is experiencing a volatility squeeze and you want to make a cluster of moving averages we have key averages, and they are moving averages from 10 days to 200 days. 2 200 days in orange, and we can see right here fitz likes the picture because
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it clearly illustrates the disney stock is bomb here is the bottom line. the charts are interpreted suggesting disney can be building in a major facing and major breakout if the recent wave of buyers are out, he is probably right giving what we know from the current ceo to cause a breakout for years to come. the report next week, he will be working until they find a successor. but a lot of good things will happen and might be work getting in ahead of the quarter on this one, because i think that iger will tell a good story let's talk calls maury in california? >> yeah, hi, jim pleasure to meet you. >> thank you, what's going on? >> the company that i sort of have been investing in for a number of years in a particular sector that doesn't get a lot of attention is the tv affiliate
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group. which is basically the companies that own the various tv stations around the country. >> sure. >> and the company is scripps broadcasting it's one of the oldest media companies, it's been around 150 years. >> here is my prop with scripps. i do work with different companies. meta, or an alphabet, and they are so much in the mix of betting big ads now, that when you're on a conference call, a pepsi or coca-cola, the big guys are now using the web. they are just not as interested in the traditional tv and radio. and it's really hurt those guys. so i can't give you a thumbs up on it. as much as i would like to give you -- how low scripps is and how great a name ty in arizona. >> hey, mr. cramer how is the munt treating new.
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>> not bad thank you for asking. >> i appreciate you taking the time teed. stock ticker mogg. they recently announced a special olympics to get golf involved in the special olympics and they announced a collaboration with a company called good good it's a move that mnike does to gain tract for the small brands? >> hey, i like the stock i did a suppospiece about it re. i think it's very, very good, and i think it's a terrific idea a terrific idea. disney could be building up to an upset do we think it's worth getting ahead of it? i don't usually say that, but i think it's going to be -- a tell-good story. you buy some before and you buy
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some after that is my plan. that is what i will be telling people was resmed have room to run? it's a complicated i will talk to the ceo and could be huge. and first republic's deposits over the weekend i will give you my take, all your calls in the lightning round. stay with cramer trying to analyze market trends. that's what vector vest is for. our market timing indicators let you know when to buy and sell so you can ride the rallies and avoid downturns. vector vest■s powerful tools give you the foresight you need to buy low and sell high. and while everyone else is looking at the hot stock of the day, vector vest digs deep to find the real moneymakers, the ones you can win big with. timing is everything, so make the smart investing choice today and head to vectorvest.com for your risk free trial.
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and i remember kind of thinking like, "oh my gosh, i think we could be sisters." because i think we looked... yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were my mother and father's banker, you became my banker and now fran is in her third year of college and you're her banker. it's so unbelievable because i'm just 20 years old. [laughing]
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middle device makers are making a comeback after spending years in the wilderness. resmed takes machines to treat
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sleep apnea. it's been a huge winner. when covid hit, the stock exploded from 150 to $300. they expected to do business with people are respiratory problems and that is where it peaked. they have be stuck in the mid 200s, thanks to a horrific recall last thursday, resmed presented numbers, with 31% sales growth and stocks jumped 7% in response, and it gave back a big chunk of that. i think it can have more run to room let's check in with mick farrell, ceo welcome back to "mad money". >> it's great to be back on the program. >> tell us what you have been up to it seems like the opportunities are bigger than i thought.
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>> a lot has changed in the last 2 1/2 years, jim, i call it a perfect storm in our industry. we had a covid pcrisis and we ha to make all the ventilators, and we had to pivot back to the core business a supply chain crisis and the semiconductors, the cell phones and we couldn't get them for medical devices. we had to beg, borrow and steal and now we got the flow back, and as you mentioned, the number two, three, four competitor now has had a recall, out of the market for patients for two years, which meant we had a huge surge in demand, and the stock shot up, the days and weeks that sayed they they were having a recall and we are earning it back in this quarter, finally after eight quarters, withe are able say we have the semiconductors
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we need and we are off allocation. >> let's talk about that our viewers are probably listening saying you have a product that saves lives and you couldn't get semiconductors, and a lot of companies whose products do not save lives and they got more. how is it possible there could be a reckless system of allocation that a life-saving device doesn't get the chips it needs? >> that is a really good question, jim, and i'm a big believer in adam smith and free markets, and together, the whole medical device industry, we got together as a group, and where i serve on the board, 1% or less than 1% of the total number of semiconductors worldwide, so we had to make the case about our devices and show they do save lives, and in our case, we had a peer review publiced study that came out showing a 39% reduction in mortality for patients who
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have a sleep app machine, and that gave us evidence to go to the regulators and we got the supply now and we are all of the outside of the perfect storm, and as you said, we grew 30 plus percent last quarter 40% in the plus side. >> when i talk to patients, the one thing that is clear there is not enough awareness i do aware witness brain issues with different foundations and i am shocked i don't feel there is enough focus on what you do i think there are a lot of people walking around with your illness and therefore, the size of the marnket is much bigger than people think? >> look, it's absolutely huge, jim. if you add up the 1 billion people with sleep suffocation, the millions with pulmonary diz,
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and an asthma, and you add on insomnia, that is 2 billion people on the planet almost 1 in 4 people on the planet that have a chronic disease that we can treat. the biggest competitor is ignorance, and getting the message out and driving the capability for the products to save lives and in patient hands is a huge journey for us the last 34 years. we're not done it's a marathon. we are not giving up. >> let's talk about phillips it's horrific what they did. it's horrible. they cannot revert to where they are. resmed with the other competitors out there, we have
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the capacity to take the whole demand they will get to the doj and get a consent, will they will be back monday or in a year, or two years when the fda entand doj tn they should be back. we a not looking back. we are looking forward at the billions on of people that need our help we are the market leader and we have engaged with digital health jim, we have over 20 million cloud connected devices, and over 14.5 billion nights of medical data on the cloud. >> to me, you are money in the bank i think the real competitor is awareness. thank you so much for coming back on the show it has been too long all right. that's mick farrell. rmd is the story if you want to look into it, and his competitor is coming back. "mad money" is back after the
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break. coming up, cramer takes your calls and the sky is the limit a fast fire lightning round next ♪ imagine, a car that goes as far as it does fast. as sleek as it is spacious. as smart as it is beautiful. introducing lucid air. experience the best. ♪ ♪ i was having relationship issues with my old bank. next to no interest, the fees... it was just take, take, take. so i broke up with bad banking
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(cecily) you're looking pleased with yourself. wh(seth) set up dinot to brag,. but i just switched to verizon. (cecily) so you got an awesome network... (seth) and when i switched, i got to choose the phone i wanted. for free. not bragging.
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(cecily) you're bragging. (neighbor) oh, he's bragging. (seth) who, me? never. oh, excuse me. hello, your royal highness, sir... (cecily) okay, that's a brag. (seth) hey, mom. i gotta call you back. (vo) switch and choose the phone you want, like the incredible iphone 14, on us. (cecily) on the network worth bragging about. verizon ♪ it is time it's time for lightning round. the lightning round is over. are you ready? the lightning round. and neil in new jersey, neil >> jim, thanks for taking my call i would like to hear your feedback on the nio stock?
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>> i'm not a fan of chinese stocks richard in nevada? >> a booyah from nevada. >> what's up, mr. paradise. >> i believe copper is going in a multidecade bull market. what do you think of the recent acquisition of oz minerals by bhp? >> i like bhp with china with a 6% yield let's go to kurt in wisconsin. kurt >> booyah, jim >> booyah. >> jim, the first time i turned on your show, you launched an office chair that busted in ten pieces you were cut and bleeding. i said to myself, i have to take investment advise from this guy. >> thank you what's going >> i'm in the house of purgatory with a medical device maker. the stock going up is a weaker
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u.s. dollar and improvement in hospital staffing. the long time ceo is retiring. what is your position on edwards life >> hey, they just had their first good quarter i don't think you want to bail on them now. let me nick in nick trotter, a two for. joe in pennsylvania. >> jim, than thank you for taking my call. >> i'm calling about volunteer technology 18, should i stay in at this point? >> we don't care what stocks come from. we care where it's going i don't think it's going to go far at all i would like to see new another stock. not that one pap flick maryland >> m and t bank? >> really, it's suffering from the run of other banks that are not nearly as good i think with a 4% yield, and the stock at 120, it's a good stock. i don't want to pound the table on any bank. i don't like regional banks that
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much sinclair in new york >> booyah, jim. >> booyah. >> first time caller i bought stock around 25 bucks and now it's $16 should i buy more with zim >> i think shouyou should stay y let's go to marilyn? >> happy monday. i'm asking about bonds limited for short term growth? >> a "b. you know, no, if we're going to be in that field, we do not want to be in the bung. we want to be in the dear. we want to be in the better play to play it that is the conclusion of lightning round!
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>> lightning round is sponsored by -- coming up, will first republic be the last domino to fall cramer on banking the fed and more next. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back.
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asking the right question td ameritrade. can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - are you a certified financial planner™? - i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®.
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the banking question, the collapse of first republic and the gifting to jp morgan they say they got more than 10 billion from jp morgan that can pay more money that a lot of banks to pay it was a lock to win the contest. what they got is a client list that is second to none and first republic lost a ton of people there is still a lot of good carcass for them to feast on i know this is a win-win-win scenario jp morgan with have a rule they cannot have more than 10% of the country's deposits and you can put tens of millions of dollars to show kfts in and prevent first republic from collapsing that failed. if jp morgan hadn't showed up, who knows? jp morgan at 5 billion from the buyout said they were saving
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themselves here too. most importantly, america wins we didn't really need another regional bank failure. confidence in the system is so low. jp morgan will provide them with a generous home. first, no bank should be giving low to no interest, no whatter what kint of asset they are lending against. i don't care about the lend to risk value is high i'm still scarred by what happened in 2007 to 2009 i don't trust high housing prices they will be known as criticized second what is wrong with it to let the bank and others have excess of loans help for sale when the fed was raising interest rates and we should force them to make good in the event of a run the fed put out a report of what went wrong it's time for the fed to use
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real time artificial intelligence to measure the rate and size of the deposits. you can have tens of billions in seconds. and at least not fast now have do anything about it they can identify it in real time right now, they don't know there is a problem with the deposit until the next day i don't think anyone is the fed is thinking of this. they need to think that money can be fast, and the incredible run of the silicon valley. we have scores of customers, some that are vocal on twitter the federal reserve could have acted sooner it's a simple thing. you can reposition the banking to model other aspects and replacing others can software. we know the software the fed can't do anything with a new technology until they heard about it, and there may be many
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more unnecessary losses. they sill to have little entrust in ai. >> how kit save us call, they will figure it out for you. tell them i sent you there is always a market somewhere. i'm going to find it ♪ today, "last call" takes l.a. the city of angels, we come to you live from the annual milk and global conference in hardscrabble beverly hills, california some of the biggest and brightest minds of the world of business, money, politics, power are gathering all this week. hi, everybody. i'm brian sullivan, and we have a huge hour ahead for you. we're going to be speaking with two of the most powerful pension fund managers in america we look at that jason wright

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