vimarsana.com

And thats what happened today with the dow roaring 217 points, s p 1. 4 and nasdaq flying up 1. 82 . Think about the sequence of events just over the last couple weeks. First the fed says things arent Strong Enough for them to raise rates, economys not that good. Secondly china putting up very weak numbers. Third, Major Industrial Companies Like caterpillar tell us business has slowed down maybe dramatically. Nonresidential surveys show a pause in building. Fifth, we hear major mineral mining like alcoa, six Delta Airlines just talked about developing wide body airplane. Seventh, that powerful engine of job creation the oil and gas industry has gone almost full stop because of an epic glut in all things energy. Finally, eighth, the c only yesterday we heard the Worlds Largest retailer, walmart, sing the blues. About the need to spend a fortune in order to stop the death by a thousand cuts of weaker same store sales. You put all these together and you get something weve seen happen time and time again in periods of economic softness. Buyers cut loose from the industrials, and they go for the gusto. They return to their always first love, the stocks of companys that have hypergrowth no matter what the state of the worlds economies. And where is there real growth and corporate revenues in profits regardless of the econo economy . The first place you look is biotech. This is a sector switched from bull to bear overnight. Its been a oneway ticket to sheer hell for weeks now augmented by fears that the democratic president ial candidates in their first debate will call for wholesale rollbacks major profit source for some of these companies. Price increases. But with an economic slowdown its now become obvious to everyone and with the democrats choosing to do nothing more than make off paying comments about the power of big pharma, buyers today returned to that group and they returned with a vengeance. Poster boys both 3 today. Regeneron returned as di brmn. Got hammered after that great interview we had with ceo jj it was in days of yore monday. Now its up 12 from the bottom a couple days ago. Or look at radius vaulting more than 21 , why . Nothing. No news whatsoever. The companys bone dead drug nothing new. Biotechs back. My terrible trust has been buying biogen declining from 480 in march down to 254 earlier this morning. Roared higher only close up to more than 11 smackers. Thats no coincidence. Its a sign of growth, love, desperation. Within investors looking for it wherever it can possibly be found right now. Or even in the future. The hunt, it is on. Second, people are flocking to the internet stocks again. Yes, the internet. It has been a the house of pain for anyone who entered lately, more like an apartment complex. Google supposed to be a new favorite after broke itself into alphabets began to trade like alphabet soup no insult meant to campbells. You see facebook . Its hard to call a stock up more than 23 this year a dog, but lets just say lately its been spending a lot of time in the bow wow chateau. Someone released hounds today and facebook showed some reok rity. Amazon has become the mortal enemy of the largest bricks and mortar retailer of the world. Bit of a delayed reaction but today investors seem to reawaken and now its taking share from everyone stock exploded higher up over 17. There must have been some shorts looking the wrong way on that one. And lets not forget the internets moral equivalent of the beaten up biogen. Imalibaba. The chinese amazon started roaring again in part because the Chinese Consumer has to be heartened that the fall of shanghai stock market seems to have halted regardless of who or what halted it. We know alibaba founder put out a mea culpa going talking about how his companys longterm is strong. Atlas alibaba up 3. 24 this session alone. You want a group thats really been gripped by the roaring, raging rotating bear, take a look at the molling of the Cyber Security stocks until today that is. The best of the group Palo Alto Networks is now on fire. Oh, fire eye, not yet but palo alto up six bucks today. Can the others be that far behind . Remember the cloud that once area of intense growth been shunned of late. Magnificent quarter, people do you own your home yawn you know how that catches. Salesforce. Com atracked 160,000 people at dream force conference and did a ton of business but nobody seemed to care at all. I like the pure growth that work they generated said so ceo when we were in San Francisco. At the time i felt darn lonely because i was really the only one and i was clearly being drawn out by a course of hey, hey, you, you, get off my cloud. With the hunt for growth back on though its now cloudy with a chance of profits. The stocks are finally getting their due each one of those stocks i mentioned rallying more than 2. Everyone the formerly loved gross Semiconductor Names that have now been mauled by every bear in the forest managed to stage a bit of a rebound. Sky works, semiconductors and cuervo really become the four stooges. They actually went higher, at one point they seem to be recognized as actual bargains when you consider all the consolidation occurring among the lesser actors in the Semiconductor Space it might not last. As in not so fast, larry, but maybe these stocks are being upgraded from the stooges to the marsh brothers with the disappointing cuervo acting like zippo after a night of cuervo. How great is the gusto . People are willing to overlook the transgressions of netflix which reported disappointing Domestic Subscriber number. I kind of like the call, but no counting for taste. The problems with netflix, theyre like vegas, they stayed netflix. Some ano, maam malieanomalies, theyve been in like 35 years of loving stocks with the least expensive being citi group and the most out of whack being goldman sachs, which is always traded a huge premium to book value. Today though we got a real wake up call. Goldman sachs reported earnings at the low end of expectations. That rallied 5. 45 after opening down about 3. Citi group blew away the numbers in the book value actually exceeding the stock price pretty dramatically. Investors said enough already its down so long looks up to me and paid as much as 2. 25 at the close. Remember how these rotations work though. You cant get comfortable. No way. In world you can argue buyers simply reverted to the most ridiculously oversold groups in the market, high growth in banks. Heres bottom line, huge moves to the upside tend to be ephemeral so lets enjoy this growth while it lasts. Lets go to luke in texas. Luca. Boo ya, dr. Cramer. Whats up . Which one do you rather own, visa or mastercard . Take that gun away from my head. I like both those guys. They both have great ceos. Theyre both inexpensive. I am not going to choose one over the other right now because i think theyre actually both cheap versus their growth rate. And i also, you know, its split the difference i was trying to be like solomon. Lets go to less in texas. Les. Just want to let you know im glad to talk to the man that always finds a bull market. We have to find it. Thats right. Daily one. Whats up . Im calling about yahoo . I own the stock but i wanted your opinion on what to do about the situation. Im down about 30 . We dont care about where a stocks been. We care where its going to. Ive been saying avoid alibaba and own yahoo. Right now alibaba is on fire and yahoo i continue to believe is worth more than it is trading for. Thats how my stance on yahoo. Im sticking by it. And i think the new stance is that alibaba i think is bottomed. And ive been very negative on it. Michael in texas, michael. Caller howdy, jim. How are you . Caller doing well. As an investor, not a trader, my questions about Molina Health care. Hillary clintons tweet seems to have broken the stock but i cant find any bad news on the company. I got to tell you, it looked like a clean quarter. It looked terrific. It did not matter. Got hammered any way. And thats a much better coming than molina. The group is under a little bit of pressure here. Investors are reaching for growth wherever they can find it. I say enjoy the move but dont rest on your laurels. Mad money tonight power pelts the activist investor known to shake up the street. And tonight im pointing out his latest target that could have the power to move higher. Then there are new doubts surrounding a fed rate hike in 2015. What impact could it have on the economy . Im sitting down with the ceo of bbnt nice quarter to find out. And huge milestone on wall street with old familiar faces. Ill tell you all about it. First, youre not going to want to miss this. Coming up. We believe strongly that the future of health care is enabling the individual to take ownership of their health. Its a multibillion dollar startup. And one of the largest Profit Companies in Silicon Valley. But today theranos is under fire on exaggerations it exaggerated Ground Breaking blood tests. Is it still on track to revolutionize health care . Cram cramers got the exclusive with its Ceo Elizabeth Holmes just ahead. 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. Some neighbors are Energy Saving superstars. How do you become a superstar . With pg es free Online Home Energy checkup. In just under 5 minutes you can see how you use energy and get quick and easy tips on how to keep your monthly bill down and your Energy Savings up. Dont let your neighbor enjoy all the savings. Take the Free Home Energy checkup. Honey, we need a new refrigerator. Visit pge. Com checkup and get started today. When the activist hedge fund run by nelson peltz historically its been a very good idea to follow in his footsteps. In fact, when i was writing get rich carefully, i realized that nelson peltz was the only activist investor who allowed you to consistently beat the market if you piggybacked off of his ideas and bought stocks after the news broke that hed already taken a position. Dont get me wrong, plenty of activists, plenty of managers can beat the market, but they only get to disclose or have to disclose once a quarter which means you almost always pay higher price for the stocks because stocks tend to spike once the news breaks then a famous activist gotten involved. Nelson peltz is so talented that its all worth buying his favorite stocks even if you have to buy into the spike that always comes with his announcement of the size of a new position. Its incredible. We went over and over. It always it was hard to find where it didnt pay. So when peltz partners announced itd become one of the ten largest shareholders in ge calling General Electric undervalued and underappreciated and travel as high as 45 in 2017 up from 28 right now, you Better Believe that got me very excited. Of course even though peltz has a terrific track record, we dont buy a stock just because he likes it. That would be amateurous. We do our own work here on mad money. Its a good place to start. And i have to say when you do the research its darn easy to understand why he has such a bullish longterm view of General Electric. Quick caveat, i said longterm. I think General Electric is likely to be a terrific investment. Company reports tomorrow morning. My guess is the quarter could be pretty much in line what the companys been saying of late. Thats why im highlighting the stock today. I want you to be able to buy ge in any weakness if it sells off tomorrow. I expect it might be gripped by the newfound rotation out of the industrials and back into hypergrowth stocks like the biotechs. But if you believe the recent now stalled industrial rally can reignite, why pick up an electric versus any others in the group . Simple, ge has been going through a radical transformation and doesnt get nearly enough credit for what it has done of which i think has taken a lot of bravery and courage. First and foremost, General Electrics now pretty far along in the process of jet setting the financial businesses that really hurt it during the financial crisis in order to focus on doing what it does best, being a high quality industrial manufacturer. In the summer of 2014 the company spun off its private label credit card business and since then aggressively divested itself of financial businesses including this latest move we learned about on tuesday where the companys selling commercial lending and leasing business to wells fargo for 30 billion. Once finishes selling off these businesses likely to happen next year the company will be able to file for dedesignation as a systematically Important Institution meaning among other things use dividends and buybacks no longer subject to such intense government regulation. That will be a Huge Positive as the companys been ham strung by that strict branding. The other big change at General Electric in recent years has had more mixed results. Im talking about the companys move into the oil and gas space via series of acquisitions from 2010 through 2014. This oil exposure has recently held the stock back. But i think we may have finally reached a point where all the negativity about oil can be baked into ge share price. If oil does manage to have any sort of rebound, could be unexpected upside. General electric has a lot going for it on its own. Now enter nelson peltz who triumph fund announced taking an enormous stake in ge monday of last week. When news broke had been in informal talks with management since 2013 and said theyve been doing their Due Diligence for several months including on site visits and meetings with leaders of ges various business units. Statement was crucial because it indicated the ceo is willing to work closely with peltz rather than fighting him, something would be a real bad idea just witness how dupont stock slammed since outgoing ceo got into a pointless proxy battle with peltz and how it rebounded once coalman announced resignation. Let me read you part of peltzs statement about ge position. Which by the way and i think this is always terrific and i love this, its available at the triumph partners website. Go read it before you think about buying. Please read it. Its a very encouraging quote. And it is at recent discussions with jeff and his team have solidified our belief that they are highly motivated to fully deliver on ges transformation and share much Common Ground with trion on ways to improve longterm share value. Translation, management will be accepting of things of huge buybacks, larger dividends maybe once theyre no longer handcuffed by the systematically Important Financial Institution rule and that will be some time next year. In fact, trian believes could return over 40 of its current market cap to shareholders through dividends and byebacuyb of 2015. Thats spectacular. These activists believe ge can rally when i read it i said i dont know but peltz has been so strong and so good 40 to maybe even 45 as soon as the ends of 2017. Thats not bad for a stock currently trading 28. And get to that target based on a 2. 20 per share earnings forecast. Cutting cost, buying back stock and most important creating a more efficient capital structure. Thats what nelson peltz is really a wiz at doing. Plus believes General Electric is already on the right track with transformation and the stock is undervalued because wall streets yawning. It simply doesnt appreciate the strength of the longterm story here. They take they made big changes and nobody seems to notice. I have to agree with them. And given that it seems pretty clear peltz will now help surge the ego makes the story more compelling. I think tomorrow mornings Earnings Report has potential to be fairly ho hum. Theres nothing probably new. That could disappoint those expecting some big pop in the stock like peltz got in for like that. Come on. Between ge oil business and exposure to china, i think it will be a good quarter. Maybe not a blowout. Remember more than 80 of the companys sales have nothing to do with either oil or china if you are perturbed about either. And rallied 20 since bottoming in late august, any sub par performance is likely to cause profit taking. Heres bottom line, now that nelson peltz is involved with General Electric, i think you need to join in and buy this stock after the Company Reports tomorrow morning. I bet you could pull back and get an excellent entry point. Even if the stock doesnt come down. And i like what they say on the Conference Call perhaps thats just the price we have to pay for the excellent longterm performance i now expect from this iconic Great American industrial. Joe in florida, joe. Caller hey, jim. What do you think of berkshire hathaway, buy, sell or hold . Buy. Unequivocally buy. Collection of assets, the way the companys been run, the man behind it, these are all reasons to own the stock. By the way you notice the word own is important. Own it like youd own a house. Dont check it every day. Check your house every day . I dont. Well, couple times a day, but thats just because, well, i dont get there as much as id like. Larry in michigan, larry. Caller hello. Hi. How are you doing . Im doing well, how about you, larry . Caller very good. Thank you for taking my call. Appreciate what you do for the small investor. Thank you. Caller weve been accumulating Valero Energy and Marathon Petroleum company. Right. Caller and their earnings are solid. They have a fivetime earnings over dividend payout, a low p e on both and yet when the oil prices go down they go down with them. And yet i dont see that theyre tied to oil. I dont know what im missing. Okay. The only thing youre missing is that theres always a group of people who think at any given moment that oils about to spike. I do think its going higher. And when it spikes it hurts the margin of these refiners, but refiners have been fabulous investments. Refining business is a commodity business. So at all times when you own a commodity stock, youve got to remind yourself that its okay to have one foot outside the door. Ge has a lot going for it on its own. And now that nelson peltz is in the mix, you need to be ready to join. And i expect you might get that opportunity when it reports tomorrow morning. Much more mad money ahead. Its one of the most valuable Silicon Valley startups and its coming under fire today. But there are two sides to every story, arent there . Ive got the exclusive with the ceo of thernos what she has to say about the accusations from the wall street journal. And possible positive news how come some of these regional players dont miss my call. And the lightning round. Stick with cramer. Lately one of the most exciting privately Held Companies in Silicon Valley has come under fire. Im talking about theranos, the Diagnostics Company with the ultrafast fingerprint blood Testing Technology thats aiming to upend the entire Traditional Health care establishment by making it easier, less expensive and much uncon shenable for you to get tested for a whole range of issues. Ceos been payrolled to Steve Jobs Company valued as much as 9 billion in most recent round of fund raising. But also they have their critics. This morning the wall street journal made a pretty scathing article about the company. Proprietary testing devices may be inaccurate and basically accusing theranos of deceptive practices. Cites a former employee that claims of the 213 tests only 15 are performed on the companys proprietary edison diagnostic machine. The article was pretty brutal. But here on mad money we know something. We know there are two sides to every single story, which is why i think its important that we speak to elizabeth holmes, the founder and ceo of theranos whos coming to us this afternoon from boston where shes attending a meeting of the board of fellows at Harvard Medical School to give her a chance to answer the charges raised in the article. Welcome back to mad money. Its great to be here. Thank you. Thank you. Elizabeth, i have to tell you in all my years i cant recall a private company that i have candidly many have never heard of getting this kind of attention and scrutiny. What do you thinks going on here . This is what happens when you work to change things. And first they think youre crazy, then they fight you. And then all of a sudden you change the world. I have to say i personally was shocked to see that the journal would publish Something Like this when we had sent them over 1,000 pages of documentation demonstrating that the statements in their piece were false. But were doing things differently. And were working to make a difference. And that means people raise questions. And thats okay. But in this case it was pretty disappointing to see that after every single one of the sources that we spoke with who the journal had contacted told us that the statements that were being attributed to them were false or misleading. And the only sources who were left were ones who wouldnt speak with us who on their own website say they now do business with lab corp in their office. Or in the other case demanded in writing that we pay them in cash up front 2,500 for an hour to talk to them about their statements to the journal. Did the journal know what you just said . Did the journal know everything you just said before they wrote their article . Of course. Absolutely. Okay. Pretty negative article, so let me ask you. I know youve talked to us about your partnership with walgreens, one of the best retailers out there. Great drugstore chain. Cleveland clinic, one of obviously the most admired health care facilities. Did he either call you today and say we got to rethink our relationship . Absolutely not. Were incredibly blessed to have partners who have worked with us, have actually seen our technology and unfortunately in this case we offered to bring our technology to the journal offices to show them the technology they were questioning running firsthand and they denied that request to show it to them. But cleveland clinic, walgreens, so many of the other partners we have have seen our technology, theyve worked with us, theyve used our systems and they understand what were doing. And they understand that when you try to change things people react to it. All right. So let me get this straight. You offered to bring the test to the journal. So presumably you would have been comfortable say 100 different people at the journal taking your test, matching them against quest or lab corp and you were perfectly willing to have that happen . Absolutely. We offered to bring our devices to their offices. And what did they say as a reason why they didnt want to do that . Because the story needed to get out immediately. Well, lets talk about that. Even though theyve been reporting on it. They said, again first of all its the wall street journal. This is not the National Inquirer here, but they did say they pursued you for an interview for five months. You declined an interview request from the journal for more than five months. Last week the company said she would be available but her schedule didnt allow it before the publication of this article. Why not just sit down with them . Its a reputable outfit. Why not sit down with them months ago and explain your side of the story . Sure, yeah. I mean, the journal actually had a member of their Editorial Board write the very first piece on theranos. And that person came to our lab, saw our systems and really got insight into our work. That was about a year ago. I published my oped in the journal. And unfortunately in this case the reporter focused on sources who we knew in 2004 and 2005 who were the people who had said to me that there was no way i was going to succeed and be able to build this kind of company. And focused on, you know, questions like asking whether i could prove that i actually invented the patents that my name were on. And those are not very fruitful conversations in the context of engagement. But when we had the opportunity to engage with more people in the journal we said we absolutely were ready to sit down and do that. And unfortunately they offered a threeday window in which we had told them i was not available before it was a quote unquote necessary to get this published. Lets talk about the substance of some of the charges that were raised. For instance heres just outright sentence an assertion, theranos hasnt disclosed publicly it does the vast majority of tests with traditional machines brought from Companies Like siemens, a. G. True or false . So this is taken completely out of context. Starting when we launched our services in 2013, we put on our website that we do venus testing, so blood draws from the arm the traditional way. And starting in 2015 we announced and it was published in San Francisco paper, in fortune, i talked about it in an interview i did with forbes that we made a decision to expand our test menu to include all the specialty and es tiric tests that are traditionally run only very infrequently but cost a huge amount of money. And we believe is part of what we do that one of our greatest innovations is making these tests available at extremely low cost. Okay. So we expanded our test menu and made these test through venous draws. We updated our website to reflect that. So, yes, we have a huge number of tests that are available through our lab. But instead of charging 10,000 for them, were charging 2. 99. Okay. This is listed on the walgreens website. Weve put it in our own press and its been out there. How many tests can your device edison do . The wall street journal says it can only do 15 out of 240. Yes. So we had communicated to the wall street journal that we have submitted over 130 presubmissions to fda with tests running on our proprietary devices and have been taking those through the fdas submission process. Every test that we offer in our laboratory can run on our proprietary devices we bring tests up on our proprietary devices based on the frequency with which theyre run. So at any given point in time were running the tests that are most commonly ordered, but weve also done a lot of work as part of this commitment that weve made. And its been very controversial that weve actually become the First Company advocating for fda regulation of labdeveloped tests. And as part of that we have said that we think that every labdeveloped test really should go through the fda submission process. And so weve been consistent with it. And in fact we even just recently took our nanotainors through the fda clearance process and sent submissions and for those and as part of that process were not even using our nanotainers except for fda cleared so everything run on our platform getting to the point that is fda cleared. One last question. Obviously theres some dispute here. The journal doesnt make stuff up. Why not just have the study of hundreds of people theranos versus lab corp. Say, listen, were willing to do it, were willing to do it now as lab corp is quest. Just say it right now on air quest, lab corp, we want to do a headtohead 200, 300, 400 patients. What do you say . Yes. Weve already done it. Absolutely. And its actually even published in our fda decision summary from the summer from a 900patient study where we got fda clearance of the exact system that the journal is questioning and demonstrated venous versus finger stick across a huge number of patients. It was 889, i think, for that test. And weve done that over and over again for every single test. Excellent. Elizabeth holmes, founder, chair and ceo of theranos. Thank you for coming on mad money. Good to see you. Good to see you too. Read the journal, listen to our interview. You make up your mind. Stick with cramer. George johnson can not fly. He can not see through doors. His speed, anything but superhuman. But when it comes to health care options, george found helpful information and resources at aarphealth. Com this makes him feel unstoppable. Well, almost unstoppable. Discover real possibilities at aarphealth. Com today and tomorrow take on the world. Heres a Company Making series of smart acquisition. 1. 8 billion cash and stock suddenly bulk up presence in the midatlantic. This came right after bb t closed on purchase of bank in kentucky. Its almost as if this Regional Bank is using this moment where rates are low but the economy is Getting Better to start expanding across the rest of the Country Building a more than regional footprint. Bb t reporting three cent earnings beat higher than expected sales increased by 6. 6 year over year. Thats one of the reasons why the stock rallied but the whole cohort went up. Bb t still only a couple points above 52week lows and at these levels trade 1. 6 times which is lit l more expensive but not that expensive you want to shy away from. Find out more on the quarter and where this bank is headed. Welcome back to mad money. Thanks, jim. First, congratulations. Fastest growth of all the banks i follow. But are you surprised by the general action in all the banks today including banks that have much Slower Growth than you have . Well, i wasnt really surprised, jim, because i think the lead up into the announcement period was pretty much down beat. I think theres been a lot of conversation about the economy and i think that translates over into, well, the banks are going to have a bad time. And as you know theres a lot of talk about the largest banks trading income and so i think that was kind of a general lackluster view. And while all of our earnings are not fantastic, they are a lot better than i think people thought. So you get a positive kick appropriately in the market. Do you think also were finally getting away from the notion that the only thing that matters is whether the fed raises rates or not . I do, jim. This whole thing about the exact second that the fed is going to raise rates has been so overblown in my personal view. I mean, first of all we should raise rates because we have crisis rates. Were not in a crisis. But if you raise rates a quarter or half or three quarters, it cant do any harm. Can only do a little good. People nobody is not borrowing money today because rates are too high, right . I mean, you can raise rates a lot and its not going to stop somebody from investing in something that makes sense. If you raise rates, savers will have a little more money to spend. So it will be stimulative. So i think the practical business persons just not worrying about when theyre going to raise rates. Theyre just trying to run their business. It does seem from your footprint that in your area people want to borrow more, youre lending more. Is some of this because of regulatory environment, no owner being as critical . Or is it because of optimism and a belief that if you borrow money and build youll make more money than if you didnt. I think its the latter, jim. I think there hasnt really been a change in the last several quarters with regard to regulatory constraints. That is still constraining, but its not substantially constraining that it will stop people from making investments. Whats really happening is people are finding that they need to invest. You know, weve been in eight to nine years where people have not made investments and fundamental infrastructure, buildings, equipment, rolling stock, and even though you may not still feel great in terms of optimism, at some point you know the trucks are just running off the road. You have to replace them. So i think people are saying, okay, im just tired of waiting, im tired of feeling negative, im turning a little positive. Im just going to go ahead and invest. And thats spilling over into borrowing. Should we be concerned at all one point in the Conference Call off the charts that you say its going to moderate a little in the fourth quarter. Is that a sign of weakening in the u. S. Or is it just seasonal and we should expect that . Its just seasonal with us. We have a very strong Third Quarter because we have a number of seasonal businesses that grow really fast like Insurance Premium finance. We finance a lot of all terrain vehicles, jet skis, that kind of thing. So that was seasonally up. So our seasonality impact will go away so well see some softening in the fourth. That has nothing to do with underlying economy. We think underlying economy is growing at about 2 . Its going to continue to grow about 2 to 2. 5 . Its not wonderful, but its not bad. And so we look forward to the remainder of this year and next year about the same steady pace were operating at today. One last question, why were you the only major bank that actually took advantage of this period and snapped up other companies in other regions that youre now filling in . Because its clear from this quarter that it was definitely the right strategy to take. Yeah. We decided several years ago, jim, to make all of the necessary investments in back room, infrastructure, our governance. Really frankly the requirements that the regulators have imposed appropriately so on institutions to be able to be in a position to acquire. So the regulators i think will clearly tell you its not about the acquiree, its about the acquirer, if the acquirer has taken a positive attitude taking proper investments and regulators acknowledge that which they have in our case then theyre quite ready for institutions to be acquiring. I cant speak for my peer leaders, but i would just say from our point of view we have felt clearly that weve done the work, were in the right position to be able to make acquisitions, weve clearly done it. And theyve been approved. I think theyll be approved in the future. But we do have to continue to invest in the infrastructure to make sure that our Risk Management systems are okay. Well, anyway, congratulations. Terrific quarter. Your stock deserved to go up. It wasnt some sort of etf that took it up. Ceo of bb t corp. S, good to see you, sir. Thanks. Good to see you, jim. Mad money back after the break. It is time. Its time for the lightning round. Hear the sound and the lightning round is over. Are you ready . Time for the liegening round. Going to start with rob in florida. Rob. Caller hey, jim. What do you think about loredo pe trtrol petroleum. When theyre all down go for high quality. Got a good deal. Its controversial go with etp for a little yield. How about we go to eric in new york. Eric. Caller hey, jim. Im interested in your opinion on the following wellrespected name, the carlisle group. Well, ive got to tell you my feeling is that while the c Carlyle Group is well respected, i have been partial on this show to the blackstone group. Steve schwartzman i think hes got a better profile. Lets go to alex in massachusetts oh, lets go to dave in new jersey. Dave. Caller yo, jim nice. From my home state. Hows it going . Caller its going great, man. Nice tasting put on by jets. We got a big game on monday night. Im really focused on it. All i can think of other than the show. And the wife, you know. Caller i cant thank you enough for the teachings you sprout to everybody every single day. That is what im trying to do. Caller you are the man, cramer. My question for you today is box, box. You dont buy unless you think its going down. Thats always been my philosophy on insider buying. Stocks at 12, does seem cheap. Pure technology, see that since we profiled it last got the pure ox je nated growth. I like jeff in california. Jeff. Caller jim, hi. Pofi, i thought it was an overreaction, sure enough got back about half of it today. Do you like the stock you think it will come all the way back . I got to fell you, understand the way i work. I leave here i see the stock down 40. I pull files, read things and i have to tell you at the end of the day i had no idea. So id be a fool to tell you its a buy or a sell because i could not understand a word about why it was down 40 or up 20. Thats no go for me. How about jordan in connecticut . Jordan. Caller a big millenial boo ya, jim. I was calling today to ask about elnk, earth link. I know earnings are november. They had a nice run this year, but how do you feel about it now . I was talking about this company literally today saying they got to come on air. I cannot believe the run theyve had. Until i speak with them directly, i do not want to opine earth link because that stock is up a lot. And that is the conclusion of the lightning round. The lightning round is sponsored by td ameritrade. Working 24 7 on mobile trader, rated 1 trading app in the app store. It lets you trade stocks, options, futures. Even advanced orders. And it offers more charts than a lot of the other competitors do in desktop. You work so late. I guess you dont see your family very much . I see them all the time. Did you finish your derivative pricing model, honey . For all the confidence you need. Td ameritrade. You got this. Also for cnbc, jim cramer. Hey, mark. Good to see you. I got choked up today. Only for a minute but even the cynical beast been through the ringer countless times as you know had to get sentimental this morning when i sat down with the gang on squawk box for the 20th anniversary of our Network Signature show. There i was the call into my right and andrew, becky quick, david faber to my left bantering just like the old days as if time had stopped when i first walked on that squawk set ions ago. Of course the cast of characters has changed over time. When i first walked on that squawk box set it was to sit next to the legend the giant of a man the late great mark haines. Emotions only described as a triumph given ephemeral is the word typically comes to mind when you think about Television Shows and the longevity of squawk box makes it virtually one in a million a true rarity worth celebrating anything but ephemeral. I remember the first time mark haines brought me on the show. I had been arguing via emails telling his wrap on this or that stock was plain wrong. That was when i used to scream at the set. He challenged me to come on. I demured, too bald, too fat. He said who cares, show up, banter, argue. Ive been doing gigs on Good Morning America where banter was not on the agenda. Its like that when you have a short period of time on big Network Shows because you have to get a blunt message across quickly. But i wasnt ready for what was awaiting me. First mark didnt want to talk to me. He was the ultimate dont leave anything in the locker room guy. He wanted me to go in the ring, who knew within a few minutes i realized we were in an intellectual zoo of bulls and bears. And i loved it. How could you not . You had to be on your toes every minute. Who knew where the next question is going to come from. First i remember telling mark i thought i was awful. I said i was way too crazy. He said, no, it was fabulous. Just like that i became a regular. You know, you were a regular by the way when mark haines gave you a nickname. And soon enough i was reverend Jim Bob Cramer of the church of whats working now. To be left out in the open as i was worked over. It was the most thrilling thing i had ever done in my professional career and ultimately its why im here tonight in front of you. I cant tell you how gracious the whole gang was this morning. I always say when i think we did a good one i say, guys, i really liked that show. Right after. They all agreed. Thats what you live for. Walking out i started tearing up and said to carl, geez, that was pretty darn special after all these years. Of course david the fabulous critic reminded me i was right when i said earlier i had lost a couple inches of height since we started 20 years ago. So the sweet nostalgic moment came back with riveting reality, where did those two inches go . Still, i want to say thanks to the whole gang including the late mark haines for changing business journalism from something that was drab, boring, painful even to inciteful, analytic and profitable not to mention entertaining. Heres to 20 more years. Jim cramer or cosmo cramer. Is this really jim cramer . It really is. The kids great. Thank you. Its what sparks ideas. Moves the world forward. Invest with those who see the world as unstoppable. Who have the curiosity to look beyond the expected and the conviction to be in it for the long term. Oppenheimerfunds believes thats the right way to invest. In this big, bold, beautiful world. When theres little to no growth from the world economies, Money Managers always gravitate back to the hypergrowth stocks that do not need strong economies, and they leave the others. Its called rotation. Out of overbought into oversold. I promise to find just for you right here on mad money. Im jim cramer, and i will see you tomorrow. [engines roaring] raise the roof [yelling] hi, im jay leno. All hi, jay hi, everybody, how you doing . And this is a show about cars. Its fun to drive cars that are really different. And motorcycles. And, well, anything that rolls. Its like driving a twostory building. [tires squealing] ah explodes. I love the smell of napalm in the morning. Yeah or makes noise. This is jay lenos garage. [tires squealing] get out of the car, sir. [bleep] tonight. Hey, we dont need no trial. We got our own law in this town. Lets go get em, yeah [all cheering] come on, yeah they put me on a 70yearold motorcycle ive never ridden before on the hills of San Francisco

© 2024 Vimarsana

vimarsana.com © 2020. All Rights Reserved.