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tv   Mad Money  NBC  November 10, 2015 3:00am-4:00am CST

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being against a rate hike and accepting it's not inevitability are two very different things. we need to understand the difference. while you may not like it, you need to start accepting it. first, he get that we can't have ultralow rates forever, even if they're good for thehetock market for the duration. eventually toooouch money chases too few goods and we get inflation. there are reasons we've never had ultralow rates forever. it has to do with the inevitable dramatic decline in our purchasing power. the fed has two mandates, promote an environment for an flourishing economy, and the second to avoid inflation so rising price of goods. i certainly am not in favor of turbo charged inflation. however i am concerned that the first mandate might be upended
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by higher rates. right now, after that barn burner of anmployment number last friday, it's difficult to fret over job losses. i've been worried about the precariousness of our trading partners like china. but china is back in bull market mode, even if the strength is in consumers and not industrial-related. the data out of europe is pretty strong, that i follow. we know a lot of the strength comes from weaker euro. companies that sell in europe rows are taking share from american competitors. that's decidedly bad. but to worry about china or europe, that seems wrong. thererwill be negative reverberations in emerging rkets. that's a given. there's always people caught up in that old trade. that's one reason i'm not crazy about a rate hike.
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them every day for weeks on end. most important, i believe the causing the exports of our dramatically versus overseas competitors. we'll have playoffs as manufacturers can't keep up, as we open borders versus every other country. they seem to be offset right now by additions throughout the rest of the economy. why, with alalthis gloom, do i believe thatat rate hike has to happen? because neither the stock market nor earnings matter when it comes to these things. sooner or later it has to happen. the goal in this show is to help you find a bull market somewhere, anywhere, even when the environment gets more difficult and it will get more difficult when the fed starts raising. when the fed is lowering rates, there are so many great groups to own that the only real issue is to figure out their relative valuation and ich will go up faster. some groups move too far ahead, others play catch-up, back and
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forth. when rates go higher, lots of sectors go down. don't listen to what people tell you, they're just too young. initially, until the economy can handle the hike, you're going to get a lot of losers. beware of stocks around 3%. that 3% yield will be pitted not against the first rate hike, which willlle minuscule, but thehe second or ththd or fourth. they will be immediately talked about in addition to the second one, the moment the fed hikes. it won't really matter that the fed says they're one and done or one and wait. in january we'll get another rate hike. that's just how it goes. again, i'm older, and i've seen it. the same people clamoring for rate hikes will be more emboldened, nonoless. i care about stocks, i'll tell you it's b for stocks, but it's going to happen. if you're buying a stock with a 3% yield thinking it will
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protect you, others disagree, mainly the big hoarders who will sell those stocks and wait for higher rates for long term treasuries. the older stocks say they're peeking. they don't go up with terrific sales numbers anymore because the big money is betting they've peaked already. housing is booming in a lot of people as people realize it's better to buy than rent. but crcrit is still hard to o t. unless you don't need it, i think owning stocks in autos and housing will be a mistake. third, healthcare stocks usually do well when the economy is slowing. remember, the big money is taking its cue from the fed, which is saying things are accelerating, or of course they wouldn't tighten at all. portfofoo managers will listen. retail and restaurants will fare
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growth and retail warm weather. the public has more money to spend because of higher wages. wever, because of higher wage costs that precipitated the fed rate hike to begin with, it will take a long time for the positive of to take home. what can we buy when the hikes start? we saw certain stocks, mainly financials, not go down that much, because institutions want to ownwnhem so badly that thth don't t me in. my trust was itching to buy some of those s scks. the banks will make more money off your deposits when rates go up. circle back to the highest growth stocks because so much money is dedicated to finding high growth names that can maintain strength despite a rate hike. when their stocks come d dn on days like totoy, they want to buy them. think f.a.n.g.
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then one last group to think about, the m/st important of all, even as i haven't talked about it in relation to rate hike. these companies will feel the heat from activists. that's w wre the real value wiwi bebeelt. m&a won't be squelched by this. there will be a lot of potential taover. big companies know the cheap money days are about to end. they have to take advantage of them. the same way you have to borrow money to buy a house before the fed starts tightening. weyerhaeuser's transaction was announced this very y rning. it's important to beat the fed to the punch. i like weyerhaeuser here. canadian pacific, rumors it might try to take over forred for southern. or how about all those things about apache that might be acquired. bottom of those fit this bill that i'm describing.g.
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here's my botttt line. i'm not saying i'm sanguine about a right hike. far from it. however, it is inevitable for december. i know what happens when the first set of rate hikes begin and it's not good for the vast majority of stocks despite what people tell you. they're people who tend to be younger and have not lived through it. that's what you saw today. all i want is for yoyoto know we've been through this cycle many times before and you better get used to it. rocky in north dakota. >> caller: yeah, hello, mr. c. first of all, i want to thank you and stephanie who i see as the prince and princess grace when it comes to taking care of us little ones. t corp. when it cocos to that merger with niagara bank. buy more on the dip, sell, or hold? >> i miss stephanie. jack moore is now my co-portfolio manager on action alerts. i've worked for years with steph
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even. i talked to her all the time. i like key. i like key because i think beth moody is doing a good job. when beth made that acquisition, and you know beth moody's been on our show a lot, people hated it. i think it's an opportunity to get into the bank cheaper than you would if she hadn't made that acquisition. how about mike in my home state of new jersey. mike, mike, mike. >> caller: booyah, a three-ring bar number and bailey booyah. >> that was a high spirited booyah. that was an eagles win over cowboys booy. >> i saw a nice bump in dupont. i want this for r ve years plus in my retirementntccount. i would like to add more. would now be a good time? >> no. i lhink you can wait.
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market after this big, big, big employment number, we're probably in for a couple of days of rough stuff. why don't you wait. dupont is up in a straight line. 63, 64 is fine. mike in new york. >> caller: booyah, jim, thanks for all ur hard work, an honor and a pleasure to speak with you. >> thank you. >> caller: i've been watching bb&t stock in a while as a play on rising interest rates with the fed. it's been up quite a bit over the last a couple of weeks. do you think there's still some upside here? >> when i was frantically trying to find bank stocks to buy, for my travel trust, this is a great opportunity to buy bb&t. i did just what you did, it was up so much. i've got to wait for a pullback. that pullback may never come. all right. it's time to accept that a rate hike is happening. you can't fight the inevitable. now that you know what it can dodo to the stock market, you have toto get used t tit.
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everybody. on "mad money" tonight, one of the hottest cybersecurity names in the game, but is it getting dragged down by competitors? i have the ceo. i know many of you like the stock. i'm revealing what's killing companies ahead of the holiday season. plus the name behind many of those prepaid gift and debit cards that you saw near the cash register. but can black hawk network hang in in the digital age? i've got the exclusive. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to or give us a call at 1-800-743-cnbc.
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head to whenever we get a nasty market pullback like we did today, i think about coming back to companies riding powerful secular trends to see if they're worth picking up in the weakness. take blackhawk, the leading global distributor of prepaid cards and gift cards, serving hundreds of brands and running incentive and loyalty programs for business partners.
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the retail space may be a tad soft right now, more on that later, but the gift card industry has been growing by leaps and bounds. you better believe gift cards will be the number one present going into t t holidays. buy actual publicly traded stocks including household name companies. how about blackhawk itself? the stock has been roaring higher to the point where it's almost double. when they last reported in mid-october, even though the company blew away their earnings estimates, the guidance for the next quarter was more conservativevehan expected. the stock got slslmed, falling 10% in a single session. since thth blackhawk has coming roaring back to the point where it's an only a couple of bucks below its all time highs. will it keep climbing or should we be worried about the weakness in retail in general?
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just to "mad money." >> good to see you. >> ever since you were spun off from safeway a couple of years ago, every time you report, there's this bizarre drop and then you come right back. is it because you're so transparent you actually say things like, we weren't happy with this, this was a little short? because i have to tell you, overall the totality of the call was very good. t i was shocked it went down 10%. >> jeez, i hoped you were going to explain it to me. i was shocked. we were pleased with where we are with our secular results and business forces. it was a bit of a shock. i can't quite decide whether i should just quit giving earnings calls. maybe that's the thing. >> in the call, somethininyou mentioned might happen, i want to talk about it for our viewers. gift cards to give people stuff
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how will that work? >> we created a prepaid card, goes on a specialty rack for gift cards. we've got it testing now in 1500 stores. we did a lot of consumer research. you go to a rack, buy the cardrd give the money at point of sale like y y do for a gift card.d. that card is now loaded. it directs you to a website, a stockpile website, ingenious website, it allows you to register in a matter of a couple of minutes. that $50 worth of stock you get to buy. if you think about stocks, a lot of them are high priced, a lot of people don't know howowo buy stocks or buying $800 ststks doesn't work. buying partial allows us to use a prepaid card. the research told us two things. but 30, 40% of the people are really uncomfortable with
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trading the stock market, don't know how to do it, can't figure it out. there is a big self-use component here. we think a whole bunch of people will get comfortable with stococ because e what we're providinin and then the second one is, gifts for kids or family members, younger people, to teach them about stock. >> this is what i'm thinking about. >> i'm going to give my kid a gift of apple stock. i feel a lot better that i gave him stock and taught him a lesson. >> that's what i was thinking. for thanksgiving i like to send my kids cards, itunes or whatever. i was thinking, i should put in one of yours, bubui'm a not where the test is. >> no, it's only 1500 stores. and that's jt a test. we'll get it going sometime this year into next year. >> this is your big season. >> it is. >> is it also the big season in places like germany? >> oh, yeah. just about everywhere except for the far east.
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>> because i know you're starting to move big into china. >> yeah. >> why are your ebitda, your numbers, so much -- why do you make so much less in europe than here? >> part of it is because around the world, we're behind the curve than we are in the u.s. we're just not as mature. we went for a long time investing, and in any business, you go over the curve in profitability and the mainal profitability is much greater. i think internationally we'll see profitability gains outpacing the u.s.? >> how is the loyalty thing going? >> we made this big move to go by companies basically based on a trend, just like gift cards gift cards are now becoming a bigger portion of incentives. >> right. these loyalty programs for
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you can name all the places, even your own company, where did you get points. and those points you go somewhere to get rewards. it used to be merchandise or travel. every year gift cards become a bigger portion of what people choose. it was a natural place for us. we're the biggest in gift cards. we have all these scale e economies. if we went and got really quality companies, we could build synergies that are natural with our gift card production and see growth, because it is a growing industry. and it's working wonderfully. >> is the irs going to shut it down? i know right now they're okay. is there a certain level where the irs will get involved? >> no, all the gift cards given for employee incentive programs, it's all tax-compliant. our systems do all of that. >> who is powering the technology? samsung? >> if you're talking about the incentive programs, that's all our platforms. if you're talking about the technology to pay for things, apple pay, samsung pay, android
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pay, we're basically putting ourselves inside those payment vehicles, so you can store cards and pay with them. >> this is how you'll stay one step ahead of the posse. >> that's right. >> visa, mastercard will tell you it's going to take time to get out of plastic. >> it will. >> i sure hope the test succeeds and i can give my kids some apple so they can hold it rather than some itunes so they can spend it. thank you so much, bill, good to see you. blackhawk holding. h.a.w.k. stay with cramer. coming up, much of the biotech cohort in the crossfire, including horizon pharma. after giving wall street a peek at its revenue, is it time for a second opinion? cramer has the exclusive with its ceo.
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all right, wait. now, suddenly people get their retails weak and costs are heading higher. now we realize it's bad for business when it's so warm outside in november. now we understand that a higher minimum wage hurts the bottom line of retailers and restauaunts, especially since their earnings have been
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inflated by lower labor costs. now we get our heads around the idea that healthcare costs have gone up enormously since the affordable care act kicked in and premiums are beginning to soar throughout the country. now we know that virtually all retail is being hurt by amazon. okay. now we get that when a company like whole foods disappoints, it won't be able to perform like we want it too. it's not like any of this stuff was hard to see coming. you need to go t tthe store to when i walked into costco, i saw fall jackets. i was wearing t-shirts and jeans. i watched every patron come through. they didn't even look at the humongous display of warmer goods because it was too darn warm to contemplate it. then i went by these beautiful heavy cotton calvin klein sweaters, something i might wear to a aeagles game with a j jsey
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on top of it, maybe a demarco murray. then i said, what was i doing buying two pieces of warm apparel given that it feels like the fall hasn't even started and it's 72 degrees and i was running the air conditioner all night? sure, there's going to be a winter. but not until you see the whites of this winter's eyes do you feel like shelling out for warm clothes. ey've got terrific goods for when it's snowing, but you want a warm northface coat right now at makes you look like the michelin man? i don't think so. when you see these minimum wages go up, who do you think they apply to? they apply to restaurants like mine, along with some retailers like the other ones you go to that i mentioned. and fast food companies, the competitive institutions
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offefeng benefits seem to be dying on the vine. the heck with that. i can only imagine everyone getting these bills at once and we'll ultimate get it ratcheted down so when stocks don't react to downgrades, like j.p. morgan taking down price targets for macy's, dillard's, and other good stores. you might have thought macys peaked, couldn't possibly get down below 50 bucks. where it tried to stabilize hard last week. re it is down another 6%, yielding 3.1%. two years ago macy's had more than 4 million shares outstanding. now it has 3.1. we don't get a bottom until
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compared to the past. right now the headwinds are brutal a a there is no sign of a respite on the horizon. sam in illinois. sam. >> caller: booyah, jim. >> caller: that's my son. how are you doing? >> yes, the strong dollar will hurt monster beverage. only if it hurtstshem. coca-cola will buy the rest. this distribution deal they made with coca-cola is much bigger than people realize. you will feel very, very pro that company. how about we go to matt in north carolina. >> caller: ba-ba-ba-booyah.
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term opinion on panera bread. >> it's been sucking wind. my travel trust knows that. all the e staurants are going down. i think panera 2.0, the revolutionary new way they're going to be doing the stores will help them. i see 5 down, maybe 20 up. w.b. in iowa. >> caller: this is w.b. from des moines. i am a devoted follower and a repeat caller. >> excellent. when we were out there, we did the university of florida. >> caller: we can play some football now. >> unbelieieble. >> caller: with the delayed but impending merger decision, what are your buy, sell, or hold thoughts on staples or office depot? >> no, i don't want to be in any
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one of these. costco and amazon can run over any of these companies. they closed the staples across the street from me. i feel these are uniestable right now. there are too many headwinds at just don't want t tquit. at one point these names will be too cheap to ignore but we're just not there yet. horizon pharma has gotten crushed thanks to valiant comparisons. wow. does it market have it all wrong? i have the ceo. possible the party is over for and a brand-new rendition of the
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stick with cramer. can we finally acknowledge that not every acquisitive drug
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company is a valiant. much smaller $3.5 billion drug company. it's gotten most of its growth by making a series of it's'seen trading like a mini version of valiant. last thursday it was down 56% from its highs in july. more than cut in half. and horizon reported on friday, the company, with just seven drugs on the market targeting rheumatology, and orphan diseases. it had substantially higher than expected revenues. plususanagement gave some e uly spececcular guidance. the stock shot up on friday. horizon is generating whese
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numbers not through ridiculous price hikes or channel stuffing, especially pharmas that it may control or may not. the main driver here is that doctors are writing more prescriptions for the drugs. horizon's growth is organic and seemingly sustainable. don't take it from me. tim walbert is the chairman and ceo of horizon. mr. walbert, welcome back to "mad money." >> appreciate you having me. >> i spent a lot of time on yourur conference call. the reason why you're not valiant, and i know you've got a things i wanted to talk to you about is you use specialty pharma distributors but in a very different way than what valiant does. >> it's a great question. we've been asked, as you may expect, many times. ours is simple. the pharmacies we work with, duane reade, pharmacies that you
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doctor writes a prescription for our medicine because it has a clinical benefit and the pharmacy ensures they get it. they cut out the middle men who haveveinancial incentive t tdo so.. our role is to ensure that the patient gets what the doctor intended. >> you have no ownership position. >> no ownership whatever. >> with any of these specialty -- although they do do 60%. >> we help with the co-pay to make sure the patient gets it for under $10. 96% of our patients are paying under $10. if it's rejected by the managed care plan, we dodohe right thing for the patient, we give them the medicine for free. >> thahas important. whwh you take certain drugs, nsaids, they cause stomach lining damage. >> correct.
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that combines the two. it works to combat the stomach lining problems. how is that selling? >> when you look at duexis, they did $56 million in the 30 quarter. it's on a run rate of $2 million. important, you can't get the same benefits from two generics separately. thatat based on how physicians treaeatheir patients. less than 25% of the time, youou go into an office, is a doctor going to give you a gi protective agent people are not thinking about the downstream harm that can come from taking a pain reliever. doctors think about it. in the rare situation where a doctor says, okay, i'm going to give you a gi protective agent,
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many don't take it. less than 10% of patieies are prprected. that leads to over 1 1,000 hohoitalizations and 17,7,0 deaths each year in the united states. >> why can't another pharmaceutical company knock that off? >> because we did two significant trials with 1500 patients. we've got eight patents for each of these medicine. they're novel therapies that we took the time and spent $800 million for each in buying them or developing them. >> valiant buys companies, they slash r&d. you must clearly recognize while there's good things you can buy, you also have to develop some great orphan drugs. >> absolutely. our focus and strategy changng in september of 2014. we spent a little over $5 million to buy one of our products. our whole orphan disease business is focused on
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developing these products. our medicine for ataxia, these young kids die in their 30s for cardiovascular reasons. we have a treatment that's being studied, we'll have data late next year. if that data is good, we'll be able to benefit these patients. that's a $5 billion opportunity for the company. >> there's an ongoing acquisition you're trying to get done. >> correct. >> i know you can't talk about it's no different from when we had allergan on, they can't talk about it. >> right. >> you also said in your conference call and your notes other companies. >> absolutely. >> this is not precluding you from doing that. >> when it comes to depomed, it depends on the shareholders. from the standpoint of where our additional business development efforts are, we have $7 billion on our balance sheet.
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we've got an ability to add over $1 billion in leverage. we've got the capacity to finance the transaction. we're going to announce at least transactions this year, and two to five a year for the next five years based on our long term plan. half the interview to say you're not valiant, but i know people are confused. tim walbert, there's a ton of work on this one, it's an incredibly transparent company. "mad money" is back after the breaks. americans... ...57% of us try to excercise regularly. 83% try to eat healthy. ...yet up to... 90% of us fall short in getting key nutrients from food alone. let's do more, together. add one a day. complete with key nutrients we may need.
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>> it is time. it is time for the lightning round. you say the name of the stock. i don't know the calls or the name of the stock ahead of time. sell. when you hear this sound -- [ buzzer ] over. are you ready, skee-daddy? time for the lightning round. i want to start with mark in vermont. >> caller: h h, cramer, this is mark fitzgerald in burlington, thank you so much for r l that you do. i'm a cancer researcher. i'm very excited about a cancer immunotherapy company showing great results in clinical trials. the company has had to debt. they have an exclusive contract with mih. i want to take a long position because it's lion biotechnologies. what are your thoughts? >> you've awfully done a lot more work than i have. i'm going to hold off commenting and do more work.
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let me come back to it, sir. obviously you've done the work. i've got to get up to speed because you clearly are up to speed. mark in connecticut. >aller: booyah, jim. what do o u think of american n airlines?? >> i like delta and then i like southwest air and then i like american. that's my order. darren in washington. >> caller: booyah, mr. cramer. this is darren, home of the 12th man. >> where was the quarterback? >> congratulations on the win yesterday. >> thank you very much. that was very meaningful. >> caller: special shout out, still mourning the loss of my uncle to cancer. i appreciate it. teekay offshore.
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like that t eld. garner in tennessee. >> this is a stock too controversial for me to opine on. i need more information. dorie in new jersey. >> caller: booyah, jim. what kind of party do you think >> it may be a party to celebrate all the inventory they have. they should come on the show and explain why we should ever want to own party city because i don't want to party at party city. madon in jersey city. >> caller: long time listeners, first time caller. >> excellent. >> caller: chesapeake energy. >> too risky, don't like the balance sheet. plenty with good balance sheets,
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hers. >> caller: you're sour on bye technologies. i'm way underwatern celgene. >> boy, it's getting tempting. perhaps at below 110. i think will really reap the benefits, it's just not happened yet. allen in virginia. >> caller: time to buy carters? > think apparel is way too hard for this guy. i do not want to be in apparel. i think there's too much of it in the stores.
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i want to know your advice on eros. >> bollywood movies. i have enough trouble watching how lions gate is going down after the close. list of companies to worry it. that, ladies and gentlemen, is round. [ buzzer ] round is sponsored by td ameritrade. i abablutely love my new rk apartment, t the rent is outragagus. good thing geico offffs affordable renters insurance. with great coverage it protects my personal belongings should they get damaged, stolen or destroyed. [doorbell] uh, excuse me. delivery. hey. lo mein, szechwan chicken, chopsticks, soy sauce and you got some fortune cookies. have a good one. ah, these small new york apartments... protect your belongings. let geico help you
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with the feds likely to raise interest rates last month,
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the wagons around high quality secular grgrth stories. with brings me to cyberark. the one red-hot israeli cybersecurity stock is still hot. it's now down 41% from its june highs. cyberark started getting bashed again last week when fire eye, another company in the same cohort, talked about how the overall level of cybersecurity spending is leveling off. we know that cyberark, which has built a juicy niche for itself by helping companies protect what are called administrator accounts, which have become juicy targets for hackers because they control virtual keys to the technology kingdom, is doing incredibly well. after fire eyeye disappointing quarter, cyberark raraed its
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it's a profitable company. it was a classic beat and raise quarter. yet the stock is now down nearly 5 bucks since then. i think cyberark is being held down by the etf that's got the ability to crash the sector. let's check in with udi mokady, the founder and ceo of cyberark software. welcome back to "mad money." >> great to be back. >> good to see you, sir. first, i was on your call, congratulations on your great efforts. revenue. customers. 500 use you. cybersecurity? us.
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>> that's important because fire eye did say that, look, the high profile hacks were in the same so you didn't get the caller, but there is the systemic spend in information technology cyberwar fare, and you were getting a fair share of that. >> we stand out because there's move from securing the perimeter to securing the inside of the organization. and cyberark is poised to get benefit from that. >> you've entered the federal market. i kept waiting for someone to be good enough to be there. how is that going? >> that's great. we've been investing in that for a while. we had common criteria certification. we have ten new customers across legislatate and executive branches. grand names. it's a good beginning for us. >> i need you to talk about what exactly -- it's kind of difficult for some of our viewers to really understand. like for instance, steel. some of thcompanies that you
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companies we should worry abou >> i think that's the beauty of the sector. it used to be only financial services had information security and protecting digital assets. now it's cross-vertical. we doubled in healthcare and doubled in manufacturing. >> what is manufacturing worried about? >> they're worried about their intellectual property, about being in the news if they're hacked, and any information, their customers, their employees. >> the security deal we reached with china has cut the number of hacks. ititoesn't sound like the chinese are going away. >> the hacking is not going away. there are many hackers happy to do that. there are for-profit hackers, as that's not declining. in our sales model we're not it's a proactive measure. >> you have a partnership with mandiant. >> we have a great partnership
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of our customers together. >> ibm is saying, listen, we're really making inroads in cybersecurity. do you see an ibm? >> he did not see an ibm. >> wait a second. you u not see ibm in thisis >> in our space, no. >> but that's where they should be. some pieces of the security but in our spaceou have to be it's a layer that has to be talking to mission critical systems on the inside. we have a leadership role in there. we worked hard to get there. >> that's important. you talk about you need to that's going to continue, right? >> yes. opportunity. company, just to show every
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company in the world needs this. >> you talk about how few companies are actually spending. >> yes. it's a greenfield. we have 2,000 customers. we're happy about that. but for us it's just the beginning. we have to get it to 10,000 customers. >> once you get in, you have a huge percent to o ke care of. >> yes. we showed this quarter, more than 25% of ououcustomers bought three or more e oducts. that's the tip of the iceberg. any new customer we land, and then we expand across the solution base. >> right now obviously the high growth stocks are in a bit of a bear market and people are taking their cue from the worst, not the best. when the smoke clears,ou guys are clearly the high profit winner. that's udi mokady, president and ceo of cyberark software.
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we've got some tough retail earnings ahead because it is just too warm. and that does matter. there's always a bull market somewhere and i i omise to find it for you righthtere at "mad money." i'm jim cramer. see you tomorrow! it's tooudss tuesday, november 10th and coming up on "early today," president obama's immigration plan has suffered a major set back. and toppled by a grad student student. a high speed chase and an oklahoma city police officer's attempt to stop an suv driver. and a preview of tonight's gop debate. thncht the start of a change for "early today" starts right
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