Transcripts For CNBC Mad Money 20240713

[ applause ] i want to help you make some money. Are you ready . [ applause ] they secure our skies with a commitment to the shared ideals that bind us as americans. Now mad money takes flight to help give them the tools to secure their financial future. A place where the sky was never the limit. Where falcons fly. This is life at a different altitude we are here to celebrate those who fly, fight, win. From the United States air force academy, mile high, mad money begins now lets fly [ applause ] this year were getting a head start on veterans day the United States air force academy in Colorado Springs. We salute the brave men and women in the armed forces who protect our country. These people right here will go on to be natural leaders with a passion for keeping our nation safe and passion is a terrific thing. I met people who have a passion for jirumping out of airplanes. I declined we thank them for all they do. Now passion comes in all shapes and size ssizes. Cra americans know about investing. I asked ladies and gentlemen if they spent any time thinking about stocks before they toss themselves into a plane to parachute themselves out one candidate said no he wasnt thinking about money, he was thinking about jumping out of a plane. That fellow has his priorities straight i have my priorities too i want to say im here to defend and protect your savings but that may be laying it on thick lets say im your voluntary,een investing coach. The s p rose 2. 6 . Nasdaq advanced 8. 4 i want to talk about something thats nagging me for days earlier this week, this terrific kid, 10yearold kid, his name was luca he called me and said you know what mr. Cramer i want to buy dave and busters every location combined with a sports bar, i told him look i cant recommend it when my daughter was luc as age we would take them to a dave and buster lose fortunes to pick up a 20 cent trinket to me it was a big waste of tame i like dave and buster the concept. Its part of what we call the experience economy but a funny thing happened to experience economy thesis. It turns out cruises, clamping and dave and busters, that doesnt translate into earnings power to say nothing of staying power with the consumer. All right. So the last time dave and busters missed guidance we see the same the thing with some cruise lines like carnival a well run institution and camping. Dave and busters is off the table what kind of stock would be right for a 10yearold like luca i always say dont over think it if you got a kid by that kid in kids shares in disney. Disney plus, why the stock jumped 3 today. When youre buying stock for a young kid, you should go with the stock of a company they know now i personally can think of a brand no better than disney. You need that personal knowledge. Why . This is one of the most important parts of investing i teach. Stocks go down disney is something tangible you can see it you can figure if something is wrong or not you can go to the theme parks, watch the movies its entirely possible it could go off the trails at some point and really great ceos like Disneys Bob Iger they know this thats why when you buy something for a long term commitment you need a Company Stock that wont become be obsolete thats why i cant cotton up to dave and buster. Disney with an incredibly ambitious disney plus plan and a stable of franchises, listen to what i say on the Conference Calls i tell you to listen to. I talk about the inevitably of change to drive it and adapt. Part of disneys dna and keeps us relevant to each new generation and keeping new opportunities for growth if you want a long Term Investment you need a company with a leader and a culture that embraces change and trumps over adversity. Future belongs to young, tough smart people like people in this room which is why disney hired 10,000 veterans since 2012 more on that later who else fits the bell when youre young you have a lot of options you can invest in companies with long term possibilities and wait for the payoff you know what ive seen when it comes to technology, because technology is unbelievable ai artificial intelligence. Voice. Specifically technology lets machines understand what were saying do you know what powers the best Machine Learning its nvidia. Nvidia semiconductors. Not only machines powered by nvidia can learn they understand i think they are the future. For anyone out there under 30, you want some nvidia dont get me wrong, when youre starting to build a portfolio your first step should never be buy individual stocks. Instead you should put some money in an index fund but what i believe people can multitask. The bottom line once you have your index exposure, buy some disney buy disney because of the brand, the leadership by nvidia best technology i have ever seen with my own eyes just like the people at the u. S. Air force academy represent our future, our future protection, and our defense, your portfolio needs the protection and some defense too and thats what those stocks are for lets take some questions. Yes, sir hey, jim, ryan kirk here from birmingham, alabama. I have a question about your 5g conversation we hear about broadband from space. Do you think theres any smaller players worth watching out for as we get the next billion people online. 5g reconfigured itself in the last two years so i have to tell you marvel tech even after a 6 run is the one to buy i like sky works they will be good. Jim, brandon from oregon. My daughter lives there whats the best profile mix for people within the age range of 19 to 25 . I want you to be as aggressive as possible buy a biotech, Machine Learning company, buy a company the thats doing lets Say Something really fancy with the data center because theres a lot of those doing good data center stuff. You might want to do, ill just mention one, beyond meat i know that sounds jim its over valued but one of these Companies Like pinterest nice mix square is very good. What i dont want you to do is buy kellogg or Campbell Soup i dont want you to buy general mills. I dont want you to buy heinz or kraft. Im brandon from baltimore, maryland my question for you with the recent rebound of the biotech index would you suggest buy now . It leads me to believe that it has legs and willing to work look, i think we just talked about what could be good biogen if they have that alzheimers drug and it works, it could be triple if they dont it will lose 100 points not so great generon is a good company. Theres a couple combinations of companies. Let me give you bristolmyers celgi. That deal will close in a couple of weeks your portfolio needs some future protection and defers and thats why you invest in stocks in companies that can triumph over adversity. A special edition of mad money coming to you from the United States air force academy americas air force keeps us safe and guarantee our freedom that we take for granted tonight im highlighting companies that do their part to highlight those that protect and serve. One major theme i spotted in the retail space this earnings season but first a company that hired 26,000 veterans and Military Spouses and it can give your portfolio a jolt wow its happening dont miss my exclusive interview of the ceo of starbucks as we salute our Brave Service Men and women on this very special edition of mad money stay with cramer announcer dont miss a second of mad money. Follow jim cramer on twitter. Have a question . Tweet cramer, madtweets send jim an email to m madmoney cnbc. Com or give us a call at 1800743cnbc miss something, head to mad money. Cn money. Cnbc. Com. On this veterans day we thank all who have served our country. Be able to support the people in the military its hard to feel at home when youre always moving around. I am a 26 year army spouse. My husband retired from the army about three and a half years ago. As a Military Spouse, one of the things that i most often had to do as we moved was reinvent myself so when i started with starbucks, and store managers and Regional Directors all said we can move this job with you, that was huge. That was definitely an incentive when we started with the military initiative and dedicated the store to Military Spouses. People dont understand how hard it is to be a Military Spouse i go through many hardships, overcoming most things people wont know unless they are a Military Spouse. When you are moving and youre a spouse of military, you never have to worry about losing your job, you always have a place to be and a place to go with starbucks cheers. [ applause ] were here at the u. S. Air force academy in Colorado Springs for veterans day weekend. Its something i care passionately about its important to point out that companies natural hire lots of veterans are companies that are well run for now i want to talk about starbucks. Which has done more to support vets than any other company i follow last year the company committed to hiring 25,000 veterans by 2025 they recently hit that goal six years ahead of schedule. Now starbucks is giving up that long Term Forecast planning to hire 5,000 vets per year they are not doing this out of charity. Listen they are doing it because former Service Members tend to be phenomenal hires. Do not take it from me lets hear from Kevin Johnson the president and ceo of starbucks to learn what his company is doing for vets and find out whats going on at starbucks itself mr. Johnson, good to see you again. Have a seat. [ applause ] real, real, real guy. Yeah i have to tell you, some of those people are your own people cheering down there. Jim, we have some starbucks people who are proudly wearing the green apron. Your company does not talk, you walk about hiring veterans too many people sit right there yeah we got to commit. You do more than that. You make it so that these people are the most i say that this is the real path for greatness, put food on the table but also move up in the organization. Talk about the 25,000 vet and Military Spouses and what you did. This idea to hire veterans and Military Spouses came from starbucks partners who were veterans and spouses in 2013 in starbucks they formed a group called the Armed Force Network they got together and noticed there are a lot of veterans who served multiple tours of duty who were returning to the United States and returning to civilian life they said we can do something to create jobs and opportunity for these veterans now in 2013 we had secretary of defense bob gates on our board zoo in classic Howard Schultz style with encouragement from bob he embraced this idea and we set a goal for ourselves to hire 25,000 veterans and Military Spouses. We now are above 26,000 and were at a run rate of more than 5,000 a year and, jim, they make us a better company. You have 62 military families tell us about that our Armed Forces Network of starbucks suggested lets build special Starbucks Stores near military base where people are stationed and their families this is gives them a place to create community with one another and communities that they are a part of so we now are at 62 of these military Family Stores we bring veteran Service Organizations on occasion in these stores to help connect veterans with Service Available to them and were now on a path to probably build over well have over 130 of these stores in the next two or three years. Kevin you look at numbers yes, lets cheer for that. [ cheers and applause my bad my bad wrong moment how do those stores do versus the Company Average . Those stores perform if not at the Company Average, most perform above Company Average. Those are the classic definition of the third place experience where we bring communities together you also are talking about adopting a unit. Youre doing 80 hours of military service pay these are all things that are so far ahead of every other company. I want you to tell them and then well shame all the other ceos for not doing it all right jim tell us about adopt a unit which is fantastic this is where we have units deployed overseas and one of the things we want to do is make sure they have good coffee we have contributed i dont know millions and millions of free coffee to our Service Personnel who are on deployment. And we adopt them and we keep them in good supply of coffee. On our show we care passionately about Mental Health we celebrated because we dont mind being out, may Mental Health month youre the only company that addresses this issue front and center Mental Health commitment for veterans we had starbucks partners sort of raise this topic to us just in the last couple of years. Not loin for veterans, but also just one in five americans are suffering from some form of Mental Health issue. It could be as simple as stress and anxiety, could be depression certainly for those veterans who return from multiple tours of duty, you know oftentimes they have unique needs. As a company weve announced extending our Health Care Benefits to include Mental Health and well being. Much of this is about breaking the stigma of Mental Health. Its encouraging information say its okay to ask for help and well make sure wework together break that stigma and that we provide those services for all our starbucks partners and especially our military vets thats why you and i believe business can be the greatest force for change in our society. I want to speak about the stock for a second down from 99 to 81 i think its ridiculous. Almost as if no one listened to the last call. You had reacceleration in every key line you told me when the stock is irrational you have enough capital to be in there buying if they wont is this an opportunity for starbucks to retire some stock the we returned 21 billion of the 25 billion weve committed to our shareholders we got 4 billion of cash that were going return to our shareholders in the form of dividends and buy backs and right now is a time to back up the truck to buy that stock. You better be careful thats a phrase people use only when they know theres a bottom. [ applause ] i want to give you, because i know how much i want you i dont want to speak for howard just tell people how you feel. I dont want this to be finished and you say to yourself why didnt jim give me a chance to address this well, first of all, its an honor to be here at the air force academy. And to be able to spend time and have lunch with these cadets and be a part of the experience thats created here. And for me to also host some of our starbucks partners to be a part of this is fantastic. Thank you to you and cnbc and thanks to the air force academy for hosting us today its fantastic when do we see our holiday cups we set our stores wednesday night holiday cups hit yesterday and i got to say day one was pretty good. Really . Oh, yeah. Grocery we got roaster on horizon well open the largest starbucks in the world in chicago. New going . In a stunning, stunningly designed starbucks store in an iconic building on Michigan Avenue and i will be there all right i hope you get a little tv for that i want to thank you for everything you do. Ceos out there, he just laid it out for you. Just go do it. Kevin johnson, ceo of starbucks. Stick with cramer [ applause ] hi. I am deployed here in africa would like to give a shout out to my wife and three kids. They are back in Colorado Springs and like to give a shout out to the veterans that are watching and thank you for your service. Announcer mad money at the air force academy is brought to you by boeing. To all veterans and the families who stand by their side thank you. Devices are like doorways that could allow hackers into your home. And like all doors, theyre safer when locked. Thats why you need xfinity xfi. With the xfi gateway, devices connected to your homes wifi are protected. Which helps keep people outside from accessing your passwords, credit cards and cameras. And people inside from accidentally visiting sites that arent secure. And if someone trys well let you know. Xfi advanced security. If its connected, its protected. Call, click, or visit a store today. [ cheers and applause were here at the air force academy celebrating veterans day. A little ahead of schedule i want to point out there are better ways of honoring the brave men and women who fought for our country than telling them how great they are. Nothing wrong with a hand shake or a thank you for your service but nothing on a hand shake and youre hired so tonight im urging you to buy stocks of companies that aggressively hire veterans not because its the right thing to do. This is mad money. Were more concerned about helping you to try to turn a profit in the stock market so you can do the right thing for whatever that may be theres only one reason i recommend stocks because i think they will be good investments. Companies that hire lots of veterans have strong stocks. Turns out having a highly trained highly disciplined, highly trustworthy, highly dedicated workforce who would have thought we just heard from the ceo of starbucks. A company deeply committed to hiring vets and Military Spouses over and over again. Last year starbucks came out with a new goal hiring 25,000 vets by 2025 got there six years ahead of time Going Forward the coffee chain plans to hire 5,000 more every year on top of that starbucks offers expanded benefits and bought starbucks military Family Stores where they can work and transition back to civilian life starbucks stock pulled back from its recent highs. I think its a buy down here is it a back up the truck buy. The ceo says i trust him. Next up theres Jpmorgan Chase that is the massive bank thats made incredible efforts to support veterans they may be better on this issue than any other company i follow. Offering jobs, mortgage free homes and Career Training programs in 2011 jpmorgan under the leadership of jami dimon formed a coalition with several other companies. They set a new goal. 300,000 jobs theyve blown past that one. Hiring 550,000 vets. Thats working jpmorgan hired 15,000 vets since 2011, offered mortgage free homes to military families and enrolled 30,000 participants in a free Career Training program at the institute for veterans and military families also done what you would normally expect from a bank helping people with entrepreneurs by giving them access to capital. When we reached out to jamie dimon he said these brave men and women have great Leadership Qualities and demonstrate exceptional teamwork were fortunate to have them as colleagues and salute them do you think its a coincidence that jpmorgan is the best run bank in america with a stock thats up 30 for the year when you look at the raw numbers. Home depot stands out. 35,000 veterans on the payroll 10 of their workforce from 2011 through 2025 they spend half a billion on veteran related causes home depot knows it can do well by doing good. Disney last night create quarter. More on that later worth noting ceo bob iger started a major push to employ retired Service Members in 2012. Communicated with him before the show he told me hes hired more than 10,000 veterans and providing career support seems to be working out well for disney that stock was the best gainer in the entire s p today. A lot of that is because they are doing this disney plus and i think its going to be terrific. Southwest airlines this whole industry loves military pilots. Southwest has over 8100 employees who served in the military or currently actively serving as well as more than 1400 Military Spouses. Those are huge numbers nearly a sixth of southwest air force. True much competition and some problems with boeing but lately theyve been gaining attitude and southwest rallied 20 since august the ceo has often told me he wants to hire you because he wants to run the best airline. There are a couple of utilities very good on this front. Southern companies exxon. Southerns new veterans bamake 10 of the workforce i got to tell you those are high paying jobs. Walgreen made a major commitment to hiring vets they have a program to fast track that for store management positions. Lets not forget about a little pride here comcast parent coffee this Network Comcast is one of the founding members of chamber of commerce hiring 100,000 military and Spouses Campaign they employed 21,000 members of the military communities by 2021 i tried not to comment on comcast because im not an impartial observers but these guys know what they are doing when it comes to this room, to the vets and shareholders and customers. The bottom line, i am glad so Many Companies are making major efforts to hire veterans both because its the right thing to do. But much more importantly because were mad money. Its Good Business no compromise. Not just some patronizing feel good story when you look over the firms that made the largest commitments their stocks are fantastic performers this is one of those rare cases when you do well buy doing good. Lets take questions yes. Hey, jimmy name is michael wallace. Im from tampa, florida. Im a huge fan of your show. In our junior year we each cadet has the opportunity to take out the cadet loan which is a 36,000 loan, with an extremely low apr. I was just wondering from your opinion, would you recommend taking the loan and if so what would be the best line of effort for it look you guys are involved i should say men and women i think that because of the commitment that you have to our country and to what you do, i do think you should invest but do it in an x fund. If you have some real great insight to have one or two stocks but you should invest that rate is lower than i think you can get from a mutual fund that pays good dividends thats what you should do. Thats how you save money. I salute you for that. I dont understand why the Tampa Bay Buccaneers arent better couple of Wide Receivers yes. My name is Jason Schultz from illinois a Company Called square. With ongoing shift in Electronic Payments theres Great Potential for the company especially with major growth overseas. However the company has not been part of an economic downturn since its ipo. Is it a buy . I like the quarter very much. They put up great numbers. Stock is up. I think the stock goes from 63 maybe up to 70, 75 got rid of caviar. Good move. I hate the food Delivery Business very smart stock went down ever since the previous cfo left to go to a very good project. I think that you are now able to buy that stock at a discount great call all right. To the brave men and women who fought for our country thank you and thank you and thank you and thank you to the companies for hiring them much more mad money ahead. Now we made it to earnings season well find winners and losers in this sector and then on duty to help find the key to investing to the long haul when i take questions from the fabulous men and women from the u. S. Air force Academy Investment club. Plus our nations heroes fire off stock on stock on a special tribute to troops on this edition of lightning rod, cramers mad money so stick around. Hello, im with the United States coast guard deployed in africa i would like to give a shout out to my wife, my kids, my family, i love you and miss you very much look forward to coming home. I would like to say happy veterans day to all my friends that have served with me and will serve with me in the future announcer mad money at the u. P. S. Air force academy is brought to you by boeing to all veterans and their families who stand by their side thank you. [ cheers and applause now that we made it to the bulk of earns season one thing is real clear, retail is as confused as ever with big winners, big losers everything in between. How do you distinguish between the haves and have notes ahead of time. Lets ask the landlords. Last time we spoke to jim taylor, he owns hundreds of open air Shopping Centers, places where people still shop unlike malls which have become bowling alleys and waste lands they are selective with their anchor tenants they want stores that drive traffic and happy to let go of anyone who is not doing Good Business when that lease runs out. We looked over the top ten something jumped out to me three of the top seven are off price chains they are cramer faves, tjx, ross and Burlington Stores. Tj maxx is their biggest tenant. These stocks will continue to roar higher. Look over the other Shopping Center Regency Center supermarkets but still sjx top five tenant and most recent investor presentation, tjx and ross stores as two of the best tenants opening lots of properties they call out tjx and ross as members of the top 25 tenants. Strip, camco, tjx is their largest tenant with ross and burlington top 15. These off price chains are still expanding. So what makes these companies such great tenants i think the landlords love them for the same reason customers do tj maxx and ross are Treasure Hunt stores. You can find deals they buy fancy stuff from department the stores that are desperate to unload their old inventory at a huge discount, they got the cash, and they mark it up a bit and sell it back to you. Thats why shoppers keep coming back they generate more traffic that benefits their neighbors in the same Shopping Center they are all the winners from the road kill losers in the mall this is all about value, people. You simply cant find deals this good online unless you go the websites of these very same chains for people to get up off their couches and shop at a store you have to offer them something they cant get online. Its working tj maxx and ross stores and burlington are in great shape financially. Landlords like a tenant with good credit. Only better than a tenant with good credit is one who has good credit and want to rent more stores from you. Ross stores 1800 they are going for 3,000 burlington is only 700 stores. They want 1,000. What really sets the off price chains apart is their Counter Cyclical nature. Thats an authentic wall streetystreet street jibbarrish. Cashstrapped consumers look for bargains this is a fabulous economy for the consumer in all three of these stocks are on fire but the fact that they benefit from a slow down means landlords can sleep sound at night they dont need the to worry about a ross going under when we have a recession tjx is the top dog its the parent of tj maxx, marshals, home goods this stock has a 17 gain. Its up 32 yeartodate excellent numbers. Tjx has the off price business down a science ross stores compared to ross desfor less, stock is up 34 for the year company is growing rapidly for a brickandmortar retailer. 1,087 stores and opening 100 new ones per year. I like it going into the quarter. Last but not least Burlington Stores is different. Has the same old price model but smallest of the three. The company has gotten much better at manage inventory merchandise flies off the shelves much faster than it used to we own burlington and this week we did trimming because the stock had a huge run in a couple of days. I believe in burlington. But my discipline tell me you need the to take something off the table after a major rally. The stocks of these off price chains are much cheaper than they should be people on wall street wouldnt be caught dead in a the tj maxx. They wouldnt. Not me i just got a nice pair of slacks for 17 missy macys. How do you think i got rich in the first place. Burlington at 24 times earnings. Thats a bargain when you consider the Earnings Growth they have. Let me give the bottom line here the bottom line is maybe the best way to determine who is a good retailer is to listen to the landlords. Shopping Center Retail Investment Trust love, love tjx, ross and burlington the tennessee. So maybe, therefore, you should too. Mad money is back after the break. [ applause ] hi. Im deployed in africa i want to give a shout out to my friends and family at thousand oaks, california i miss you all i want to thank all the veteran for watching this years service. Reporter mad money at the air force academy is brought to you by boeing. To all veterans and the families that stand by their side, thank you. My parents never taught me anything about managing money. The amount of Student Loan Debt i have, im embarrassed to even say. We just decided we didnt want debt any longer. I didnt realize how easy investing could be. Im Picking Companies that i believe in. I think sofi money is amazing. Thank you sofi. Sofi thank you, we love you. It is time this is the lightning round. Were at the u. S. Air force academy. Rapid fire then the lightning round is over are you ready, steve lightning round. Tristan from alabama my question is how do you play the space of mastercard mastercard is a stock that should be at 300 fantastic job this quarter i want you to buy, buy, buy. Im mitch from california what do you think of lscc. Lscc . Lattice semiconductor incredible situation. Buy it i dont know. Okay. Yes. Sir, my question is with nikes leadership changing how twhil affect the stock which one nike leadership New York Times said barker had to leave because of what happened with the women athletes i dont think thats true. I do like john donohue very much its a buy yes. Thats the new ceo hes from service. Did a good job there ob from pennsylvania, philadelphia, pennsylvania anyway what are your thoughts on beyond meat. Beyond meat is hard i think its going to trade between 70 and 80. 70 and 80 until we get a couple of big contracts or the mcdonalds contract. Youre all depending on mcdonalds saying the test of 20 stores will be a winner. I think it will be i like what its doing whats the key ingredient in a hamburger . Whats the biggest key ingredient cellulose. William from long island, new york my question, vista outdoors. Buy disney if you want to be a big entertainment complex. John from washington. Any thoughts on microsoft Going Forward . Microsoft one of the reasons why the nasdaq was up so much is because microsoft broke out. I think sajay is doing a great job. Azure, their data center is on fire i like that stock. At least to 150 very quickly stay long on that one. Im matt from indiana whats your thoughts on Steel Dynamics why why . Newcorps is the one. But i do not like steel. I dont like steel because despite the protection tariffs prices went down stay away from steel please stay away thanks. Hello, sir. I was wondering your thoughts on Companies Like illumina. I think its great. They have a trade acquisition. Next i would buy thermo. Then i would buy illumina. Cole from indiana how do you feel about ford which one ford yes, sir. Oh, such a tough one. This isnt the quarter they cant do it they have got to find a way to get back in china. Make it profitable they have to slim down latin america. I still think they are committed to the dividend but i cant recommend that stock and will not recommend that stock hi, sir, chandler from fargo, north dakota what are your thoughts on alibaba. Alibaba is the only chinese stock i would buy. Single days coming up. Chinese created that holiday to a way to stimulate their economy. No mechanics for chinese communist. Alibaba will have a good number. Ill recommend that stock. No other chinese stock would i recommend. Their financials are okay. This is joe from pittsburgh, pennsylvania what do you think about tesla. About a month ago i bought it for 232 and now its at 337. Its a good buy tesla has made some very good numbers last time. The shorts are telling me please dont hurt people with the tesla. Youre right they actually produced a lot of cars and got the hine deal coming i understand why you want to do that nice for your age. Same as beyond meat. One more ill take one more ill listen to no one okay my wife my name is tommy and im from colorado and whats your opinion on work day. Good quarter. Thats a buy that ladies and gentlemen is the conclusion of the lightning round [ cheers and applause hi. I am wendy deployed in africa. I would like to give a shout out to my husband and children back in california. I love you and miss you all. I also like to thank all the veterans watching this thank you for your service announcer mad money at the United States air force academy is brought to you by boeing. To all veterans and their families who stand by their side thank you. [ applause ] today i had the distinct privilege of talking with some of the brightest and most courageous men and women at the air force academy. Were not done yet were keeping the questions coming members of the Investment Club these cadets have big things ahead of them and its my honor to keep passing along investing strategies to help them win on wall street too. So lets get started hello, im from cedar rapids, iowa i want to give you my pitch on micron technology. Micron ceo has over 30 years of experience in the Semiconductor Industry 64 of microns revenue come from sale microns cash price ratio using average cash flow from the previous four years is four which is substantially lower than industry peers. Its priced to earnings ray show, again using average earns from the previous four years is nine, which is also substantially lower indicating that micron sunday valued. Micron has a Current Ratio of 2. 5 and debt equity ratio of 13 indicating its Balance Sheet is healthy and low debt levels. Its return on Investment Capital which is 15 by is on peer for other semiconductor manufacturers. The two biggest headwinds i see facing micron are trade war tensions with china. I think both of these will blow over in the long term and in conclusion i think micron is a Strong Company thats understand valued at its current price and has adequate margin of safety to qualify it as a Worthy Investment i think youre completely right. The ceo is a genius. Remember when it body after the quarter and stock right there 41 he was buying the stock. You were selling at five times earnings i think it will bottom in q1 i got that from lam research im not worried about the chinese tension. Thats a great call. Thank you, sir. [ applause ] great call. Great call jim, financing ar is inseparable. How are we seeing the integration of ai. How it will affect trading . Integration of ai into trading even Fund Management affect the dynamics. Its an interesting question and i think what will happen is that i know goldman is possib possessed by that. It would be goldman doing the most on it its a definitive edge a lot of guys dont want to talk about the edge they are very committed. Ibm would tell you they are. Ibm is difficult because environment at the integration of red hat its not to me ill tell you the truth i dont think its an investable pest. If i want ai i want nvidia i see big numbers and i see the closing of the deal if we get any cessation of tension with china. Jimmy question was we talked about disney releasing their streaming service next week. Whats your outlook on netflix its a problematic situation. The last sign ups were not that good i do believe a lot of people will be sampling these other services they spend 100 a month. Netflix sign up service is still good i created fang and had it in it and ive been feeling very queasy about having it in the last two quarters. Yes. Jim, big fan. Im an Exchange Student from the naval academy. My question is what do you think the effect of Climate Change will be on the market and given that change how should we invest theres a guy who ran travis and wouldnt write because of this political issue its hard not be bearish on every Insurance Company with Global Warming what i would say is thats my concern. I cant necessarily make money off of it. Natural gas is good but not great, right but what you need is solar but first solar is not a great enough company for me to recommend. I struggle with how to make money. I know how to lose money just own an Insurance Company. Yes. Jim you guys are smart. You know that . You are really smart i do a lot of colleges most of the times hey so what do you think . [ applause ] got to say it. Hey, you know, what do you think about, you know, soap stocks or something. I dont know im nolan from new york Student Loan Debts increase with each passing year what effect will this have on the market in the future only one play i just met the 3d people. Two years away very hard to do. Industrial 3d and thats what will make money. I like the stock anyway. I dont think they will by xerox. Im from pennsylvania what do you have to say to the bears that have been sounding the alarm over the yield incursion. Heres what i have to say they were wrong. They were wrong. They scared million of people out of stocks. For some reason there are people who can come on air, i tell them the armageddonist. They are negative. They that it president hate him or like him i dont care thats not my job they have a bias against hope. If you have a bias against hope you shouldnt invest because hope includes i believe in progress i believe that things can work out in life and i believe that jay powell well see that yield. I just wasnt willing to believe in them and our people who watch our show make money. I want to thank you to the United States air force academy. Im humbled and honored to be here with all of you i mean when it i say you are a true inspiration thank you for your service and thank you to veterans every where. I would like to say theres an open market somewhere. Im jim cramer and ill see you monday [ cheers and applause theyll invest their own money or fight each other for a deal. This is shark tank. Who believes she has a new and improved version of a ubiquitous product. Hi, sharks. My name is ivori tennelle, from irvine, california,