1800743cnbc. Or tweet me. Maybe it is take your parents to workday. The dow is down 98 s p is declining at 2 . Another strong day if you are over the age of 40, the only way to catch the bigge biggest winner is to stay in touch with your children i am always crediting my four blended family kids ideas that i would never picked up at all without them thats right children make you a better investor look at snap the parent of snap chat rocking 30 higher after reporting a stunning revenue of a much better expected earnings gilead up 90 . This is all the people talk about today. That user growth is everything we had brilliant advertisements. Hes claiming a small window of time that we can create havoc that lasts a lifetime. Once you passed 25, you are much likely to switch to a new shampoo or tooth paste so how do advertisements reached the younger demo now we have a whole generations who cant stand commercials especially snap chat advertisers want those eye balls before those how do i know snap i am not the target audience but my young daughter loves those augmented photos when a company was becoming public, i got to sit down with the ceo, evan spiegel. What did i do . I took a picture with him because i want to show how cool i was with my daughter snap chat got the product was irresistible with my daughter. Ever since the Company Fixes the android app. How about pinterest is up 9 today . One of my daughters is a baker shes coming up with cool ideas, something exotically good. She was getting a lot of those recipes from pinterest someone who started targeting website, i thought pinterest could own the whole youngest travel leisure cooking in fashionato nothing focusing our attention on our website like not being able to go anywhere or do anything including going to restaurants. Thanks to the global pandemic, the number for pinterest are phenomenal your kids wont be able to help you discover cool software, theyll show you the way for paypal way back in 1980, i could not wait to get that macys credit card my daughter had a Credit History with paypal dating back to 2005 because she ordered so many stuff from amazon. What else . In my time you drew this is the 21st century, kiddoes so she used adobe it is why i stuck with the stock even when the number got choppy. I told the ceo about her facility with this product i joke that you need kids in middle school to truly understand the greatness of these companies because these kids want to tell a story. What can you do as an artist making your own design you can sell things directly on etsy which is what my daughter did. Next is a Virtual Store using shopify. My daughter wanted to sell her stuff without setting up a physical showroom and i figure hey, Shopify Google may be in trouble with the federal government for being too good now i discovered google and teachers told me backtoschool that kids were using it to cheat on their homework and it is our job to police it and stop it the stock could triple from where it opened. The stock was at 80. It is now at 1600. You tell me whos moous. Only on twitter would that be a reason to trash me in the summer of 2019, my eldest daughter rented a tesla and drove from oregon to San Francisco and said it was the most fun thing she had done in ages a car . That made me and my wife tried one. Okay, thats it. Buying the stock it is a 60 bucks and all the people who loved tesla hated me. I waited until 60. Facebook and apple and netflix and all the names i got from my kids i didnt know anything about facebook until someone on the street asked me if i had a Facebook Page and my kids helped me set it up. Net fli netflix . I know it reported not so hot numbers tonight and the stock dropped 7 today then there is apple. I realized that apple had Something Special way back when my daughter asked me for a move . She wanted one in a new color because it was a fashion accessory. She needed more options. Now apple is at 116 i have been pounding the table ever since dont trade it my daughter who was at the bottom of her resume about 150 points ago the workday product, the graduation parties at chipotle, disappointing number tonight how about beyond meat at 40 . Notice many of these ideas stood through the test of time and survived the time. I say these companies had more top than the peaks of 45,000 feet. Here is the thing. If you just listen to the professionals, you would have ended up in some stupid etf that eliminated the single stock risk that would create amazing rewards they dont tell me about. On wall street you always want to know early and early you have to listen to young people who are in their early years does not mean you can skip their homework a lot of kids like myspace, those did not work too well. I want to go to joe in pennsylvania good afternoon jim. Good afternoon joe. My question is about opco and with the nba and nfl and many other sports and as well as opcos fda approved drug which could be a major contribute to covid19 this stock is stuck in the mud of any i can recall. Opka do have great drug for vitamin d. How about we go to mark in florida. Mark hi jim. I am back for some of that great insight you so generously share. Oh man, you are a nice guy. I have a question of Tractor Supply two days ago if price target was raised to 167, i read yesterday their price ahead of tomorrows earning is 150 with an anticipated move of 5. 5 after reporting. The earnings are expected to be lower than the previous quarter. Would i rather have a case of splits or should i buy more . Okay, i dont want to play on the quarter. It is a concept. It is a gentleman farmer and what people are doing during this covid era i am not willing to get a traffic supplys bad quarter it would be strange, i would buy more because it is where the people in are going. Mark in iowa. Booyah to jimmy in the deep freeze yes we have a lot of eiowans here. I was trading just under 50 to share a little above below 57. Recently reported of per share profit flat up to 2 , not the down 2 expected earlier what would be a good price level to buy more verizon . We were grilling him. In the end, we were down in the canvas i say verizon is correct stay in touch with the kids. Kids will make you a better investor the more the better. On mad money, there seems to be a bull market on everything auto and also in housing and i can get behind the ceo of the latest power house in the oil patch. One of the most anticipated ep play comes public next week. I am talking to Henrik Fisker. Get off my back and stay with cramer dont miss a second of mad money, follow jimcramer. Have a question, tweet cramer send jim an email or give us a call at 1800743cnbc. Miss something head to madmoneycnbc. Com this is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Right now we have got a raging bull market and anything with automobile exposures and especially the ones that deals with new and used cars you heard us talking about cars, alo along with carmax, lithium motors theyre both cleaning up for the postseason these guys acquiring smaller de dealerships and combining them into incredibly valuable within five years, much growth around 13 billion in sales, Lithia Motors. Thanks to the current boom market they may be ahead of schedule last month they announced a spectacular result for the Third Quarter and this morning when they reported their number, they beat expectation this company worths more than a 7 million market cap. Lets take a closer look with the president and ceo of Lithia Motors welcome to mad money, brian. Thank you for having me, jim. You are the number four company in the s p for a ten year total shareholder return. How come most people dont know you . We stay humble and we keep our head down and we focus on our consumers. Now, when you do that it is very clear that you are a kind of a 360 company you are a company that drives a car to you and takes it back to you and all these things we hear allegedly that carvana invented, you have been doing it for a long time. Lithia got to plan to take over the world, why cant you go head to head with carvana to get more market cap we are in the forefront to be able to roll out our drive way strategy which is an ecommerce solution providing body part works as well as vehicles which directly to consumers home we have a line that we say that you can have your car service in your slippers and most importantly over the next few years well be rolling it out market by market in the country where you cant step foot in a dealership again if you so choose to. I bought a car using carvana, it came and i didnt like it and they took it back. Theyre the only people in the country that do that, is that wrong . Well, with drive way now, there are 20,000 vehicles online, all used at the current time we have a sevenday return policy and no questions asked as well come q1, well have more vehicles online and well be the first to be able to provide a sevenday no questions asked return policy as well on new vehicles thats fabulous let me ask you something why are cars selling like mad when we are in a recession and millions of people are out of work fortunately a lot of people have extra money in their pockets because theyre not taking vacation and buying coffee when theyre going to work because theyre working from home. Be being able to buy a car and now buying a car online as well. People understand that i have always been told that if you want to make money, save up and buy a dealership dealerships are one of the great moneymakers and i have tried with some friends, theyre expensive. You got the market cap and the cap to do it you are buying it up and all over the country, correct . Thats fair we made a little over a quarter billion dollars in net profit in q3 which is a good start to be able to buy even more. Why would anyone sell one no one in the family wants to take it over people told us are you kidding me our sons and daughters want this, we are not selling it to you. I think there is three. Obviously it is about what am i going to do about my business after the facts and those triggers are what drives the decisi decisioning. Our acquisition is at three to five years relationship with the seller to be able to be there when they are choosing to exit and many times those sellers end up being part of our business as well and staying with us for a longer period to make the transition smoother. Well, there is a beautiful park called a lithia park. Whats your connection because thats where my daughter and i went 20 times. Whats your connection to lithia park well, there is a lot of connection there the most memorable to me is that my grandfather not on the lithias side but on the moth mothers side. Now my house, two houses sitting in the middle of that park and we are glad to be back and move into the community where i was born and where your daughter was able to go to college for a number of years and we really miss her being here. She loves your house and trees and especially the fall where you had the best follow i cant imagine foliage in the country thats bryan deboer. Mad money is back in a moment hey, son no dad, its a video call. You got to move the phone in front of you like. Like its a mirror, dad. You know . Alright, okay. Hows that . Is that how you hold a mirror . [ding] power e trade gives you an awardwinning mobile app with powerful, easytouse tools and interactive charts to give you an edge, 24 7 support when you need it the most plus 0 commissions for online u. S. Listed stocks. Dont get mad. Get e trade and start trading today. I like Pioneer Natural Resources and Parsley Energy great management and great acreage. Lets talk to the ceo of pioneer match ral a Natural Resource and parsley you have always been a big believer but in a bigger part. I never nuuh like this part that they are so strong in why do this deal now yeah, jim, really it is all about putting the best two companies with the best inventories together in creating a Larger Company with a better Free Cash Flow profile i have been on trecord last year adopting the model and slowing growth down and increasing your Free Cash Flow and regarding to a based dividend which we have and both companies having a strong base. I introduced the dividend concept. By bringing the two companies together, we create a Better Company with a better Free Cash Flow profile and a better increase variable dividend matt, you are a young gentleman. You taught me about esg, the possibility that it could be liked by companies and managers worrying about global warming. You want to give it up you are not going to be running the company. First, i want to hit on the esg component. This accelerates all of our objective. Our strategy was to pay down debt jim, it accelerates all those objectives, 18 to 24 months ahead of schedule. As far as the team is concerned, i worked at pioneer, they have an amazing team and i am comfortable on what could be done i am ex triumtremely excited ton the board. You talked about three to four investments when it is over . You really think it is going to be that tough . Yeah, i was referring to there were four investable companies today. Eventually those other seven independents are going to have to do what matt and his board gets theyll have to merge together and create a Larger Company but most of them have too much leverage, it will take awhile. I see continue consolidation in the industry and creating 10 billion plus companies over the next several years all this acquisition happening right now. Do people believe that oil is not going to go back to 80 whats driving it . I think whats driving is the low premium transaction. Nobody is paying a market premium, chevron and oxy, once somebody starts a low premium deal, chevron started it, it shows the wave in the future i do believe most transactions will be done with very, very low premium transactions plus, it comes back 20 and up to 40. At least we are at 40, we are all making money this newco combination of brea even price we can grow 5 a year and pay our based dividend and have a 35 wti. Thats fabulous matt, one of the reasons people get mad at me, look the industry is not investable i dont want to blame you. You were the one that told me, there are flareups all over the place. It is not right, we have to clean up our act now do you think that your thesis starting the gain some currency all they kept on talking about was esg. Thats right, jim it is the three ps as i call it, perfection, pollution and profit well deliver on those three and it is combined the rest of the industry better get with it or the trend is going to move by quickly we have to put the pollution problem which counts as emissions. We have to put that front and center and improve in every single facet and get there aggressively we did so with the recent acquisition and well continue to press on that as a combine company. As we start generating profits, thats going to help the Company Increase the per session of the industry the polymers inside the n95 mask that comes from our industry and saving more lives we have to deliver more in a friendly manner. I know your son started parsley. I know he was not on the conference call. I know that at one point you retired and you were not happy and you came back. If we buy pioneer and we buy it near covid and who knows when things will get better, are we getting isnt it true. I am goi you i am going to stay here longterm. And we have Matt Gallagher i heard about your story, i feel sad about your restaurant. I did enjoy new mexico and fly fishing, i am glad i am back on the wheel. I dont want to work until i am 80 years old, i promise you that there you go. You got one thats investable. It is the one that i am talking about. Everybody, listen up, this is the one to buy if you want one scott sheffield, the pioneer, Matt Gallagher of parsley, who taught me so much of what Oil Companies can be mad money is back after the break. Some things are good to know. Like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. Something else thats good to know . 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Everything from overthecounter medications and vitamins, to firstaid items and personal care products. Best of all, if you have medicare and medicaid, you may qualify for multiple opportunities throughout the year to enroll. So if you want more from medicare, call the number on your screen now to speak with a licensed humana sales agent. Learn about humana plans that could give you more Healthcare Benefits; including coverage for Prescription Drugs, dental care, eye exams and glasses, hearing aids and more. A licensed humana sales agent will walk you through your options, answer any questions you have and, if youre eligible, help you enroll over the phone. Call today and well also send this free guide. Humana, a more human way to healthcare. Here we go next week one of the most anticipated electric vehicle place comes to public. I told you to stay clear of this one because it is too early, it is an early company. We got a ton of push back. Ev space lately the story gotten more positive the company added bill mcdermott. A Major Partnership with magna international. Fiskers vehicle is not expected for another two years. Is this story too early . It deserves a lowscloser look. Lets check in with Henrik Fisker mr. Fisker, glad to have you on mad money. Great to be here, jim, i love the show thank you very much youre considering the best designer of cars in the world. But, do we get more than just the design when we buy this new spat, more than just a good looking car . The car industry is the most complex industry in the world. I have been through a lot of difficulty i have taken Lessons Learned thats elon and myself at the end of the day, i have been through it one of the most important things is getting a car on time and at quality and at the right price point all in terms of build ing materials. Thats what we are doing thats the most significant deal we may ever made everyone says you are a great designer, within the industry, some people says this. If you can get the ocean, your suv built in a big number number to make a go with it and you are making too much money than your company can get. We have a pretty firm build the materials, we have a firm program plan and the cost is put out. We are not starting from zero. When you start a car from zero, you dont know what the cost is going to be. We have selected a platform that they have developed over the last 2. 5 years we have all the cost for this platform we know what the cost is going to be to bring this vehicle to market it is going to be less than 1 billion which is effective in the car industry we are racing over a billion dollars with a spa that wont happen in this case now lets talk about that your judgment is that you need x amount and you got it. Your past record we focus on the fact that you had some failures. We went to bill mcdermott. Bill has done a great job. He wrote today he goes, i believe in great come back especially in the foundation designing huge markets, henry wants this. He focuses on great come backs what is in your track record that he says come back matters we launched that car 1. 5 years before the tesla model s was launched that was super risky day with battery and etc. Today we are using two of the largest Battery Companies in the world Battery Technology has matured and secondly, we are not focusing on improving to people that we can manufacturing a car better than toyota or gm or voe voe or volor vol or volkswagon. We want to do it to the best ability. This platform is shared with another oem. We get volume from day one now if thats the case and if all that sounds so good, why one of these spaks i want to be able to have an ipo with Henrik Fisker, i want to own a piece of you why . You are making a great point. Spak ha spac offers you this possibility of getting a billion dollars in or case. We have an incredible case private equity fund. It offers us to get fully funded all the way to production. We could not do that we would have to wait much longer and later and then we would have to go out and wait private funding. Been there and done that i dont want to sit a thousand venture people around the people and listen to great ideas on how to make a car, it does not work. Tim cook in fairness, hes on the suppassembly line. You will be able to have control and magna is not fisker, thanks for the design, i will talk to you later thats a good point thats exactly why because magner investing 6 by fisker, we are joined by the hip we are tieing their shares into the milestone that we achieve to start the auction which is the final milestone of november 2022 phil lebeau has been reporting gms and tesla and ev and i got evs everywhere there are enough room for all these evs. If i was making 100,000 vehicles, no where the next frontier is affordability with a cool electric vehicle our vehicle starts at 37,000 and we make a profit from it thats the key we are going into a market that nobody want s to go into thats what we are doing we dont have to put a lot of dollars in each car. We dont have a deal of margins. We go deirectly to our consumer. Henrik fisker, you have to come back to the show i like what mcdermott said about you. We have open minds here on mad money, we are thrilled to be with you thats Henrik Fisker. Great to be with you. I dont know, i am leaving it to up to you i kind of liked it mad money is back after the break. [announcer] if youve tried college but never finished, snhu lets you transfer up to 90 credits toward your bachelors degree. [woman] it doesnt matter how old you are, you can do it. You can finish. [announcer] finish your degree at snhu. Edu. Iphone 12 and iphone 12 pro are here on verizon 5g. Whoo this new iphone, plus verizon 5g. Game changer. announcer with the coverage of 5g nationwide, and, in more and more cities, the performance of 5g ultra wideband, the fastest 5g in the world. Whoa. I downloaded a whole movie in under 30 seconds. How is that possible . announcer preorder today, and when you switch, get iphone 12 on us. I want this phone. announcer this is the 5g phone Everyone Wants on the 5g americas been waiting for. Only on verizon. If youre concerned about the environment and climate change, how do you find companies that are driving the right outcomes . If you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities . For nearly 40 years, calvert has delivered competitive returns by investing in Companies Making a difference because we see value in doing good. Talk to your Financial Advisor about investing responsibly with calvert. It is time it is time for the lightning round. Are you ready . Donald in new jersey donald mr. Cramer, how are you i am doing well, how about you . I am from new jersey, my stock is yetti should i buy it . I think yetti is perfect. It got unbelievable platform i need to speak to matt in new york matt jim, a big booyah i love upstate new york whats going on . Awesome, awesome. I want to know about manpower. Better times are coming i need to go to sal in new york hi mr. Cramer, how are you doing . I am doing well give me your tech on Howard Technology they like Lockheed Martin but l 3 harry is not bad lets go to pedro in florida. Whats your take on draft king look, i do some work for draft king the stock is not down. Gambling is going to be legal in every state of the union the next few years i dont know, maybe start a position i watched the stock go down and it is the first time people ask me about it. I think it is a good place to start. Lets go to dan in florida dan. Hey booyah jim from Wesley Chapel i am good my question is regarding to walgree walgreens. I have been holding them quite a while. You are not alone cvs and walgreens are in the same boat. Nobody wants to own them i think walgreens is over sold at 5 it is Worth Holding because they got a decent Balance Sheet and theyre not all destroyed by amazon. Lets go to patrick in massachusetts. Booyah, jim boeing. I dont know what stocks are coming up. I just emailed right before this jeff marx, 164, we got to buy more boeing for my travel trust. Lets go to jose in georgia. Booyah, jim, i want to say thank you for everything you do and most importantly i want to know that if it was not for you i would have never bought the bottom of this market. Thank you thats all thank to you because you are the first one in manager to scream buy. Thank you very much. I thought it wasover done exactly what do we got i want to pick your brain on a personal holding of mine, mgp ingredient it is kind of like what you do with these ingredients. I always liked it. It represents a great value. Terrific value now we got to go to joe in california joe. Booyah jimmy yes mr. Trader joes from escrow california we are 30 of all water born near parks containers are just sitting. Text tainer. I have got to look into that. That concludes the lightning round. The lightning round is sponsored by t. D. Ameritrade eah, you going to place it . Not until im sure. Why dont you call Td Ameritrade for a strategy gut check . Whats that . You run it by an expert, you talk about the risk and potential profit and loss. Couldve used that before i hired my interior decorator. Voila maybe a couple throw pillows would help. Get a strategy gut check from our trade desk. We keep on hearing about surging homes equity loans the stayathome do it yourself economy. Even lockdowns have been lifted for months, millions of people wont be going back to the office until we get a vaccine. Thats why this do it yourself story is here to stay regardless of the election. The question is how do you play it just in case the market drops because people sell because one guy wins or another. To get the best name, jimmy choo went back to the well. Lets start with the obvious ones if you are remodelling, you get supplies some where and thats home depot i dont think it will be 10 however, there is a good chance well selloff the next few weeks, either leading after the election or afterwards when that happens, you got to be ready to pass on these Home Improvement stocks they benefit from covid19 what if we drill down . The number one thing people told me theyre doing the fixing test i should know. I was fixing mine. He came on the show when azek came public. This company is sitting there right for the grab of 37 it is hidden in plain site last night another friend of the show reported its quarter. If you are going to do any remodelling, you need wd40. The more time people spend at home, the more theyll spend on Home Improvement t next is whirlpool, a lot of people buying appliances and thats what they have been doing with their money they want high quality products at reasonable prices the Company Reported a Strong Quarter after a close. The stock sells more like 12 times. It is ridiculous a lot of people are paining, ti too. You have to go with sherwinwilliams, too. We got a couple of airconditioning shoutouts. The only one to play is carrier. They have a lot of industrial commercial exposures, too. What else . Okay, a lot of landscaping and kit chep kitchen redo there are a lot more companies in remodelling but these are the best there is only one complication, when you got a bull market like this one, you dont wake up and buy. You have to wait for a pull back the next time we have a nasty selloff, here we go your buy list. There is always a bull market some where and i promise to find it just for you right here on mad money. I am jim cramer, see im Shepard Smith on cnbc, and this is the news. Go out and vote go out and vote. The candidates and their very different campaigns. President trump hosting big rallies. Joe biden hunkering down for debate prep, unleashing his top surrogate. We cant just imagine a better future. Weve got to fight for it. This is historic. This is a real change in tone. The pope makes history voicing support for samesex civil unions could this lead to a major shift in Church Doctrine deported and
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