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tv   Mad Money  CNBC  August 9, 2017 6:00pm-7:00pm EDT

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>> disney. >> pete, where you from? >> minnesota >> you know what else is from minnesota? u.s. bancorp >> see you back here tomorrow at 5:00 "mad money" starts now my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. blame it on the millennials. i'm not talking about the north korean crisis. more on that later i'm talking about so much of the
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turmoil in this market all the big moves i see, both up and down, including today. the dow dipping 37 points, s&p declining, the nasdaq lost 0.28%. underneath, though, there's a lot of rumblings i blame the millennials. they're impossible to getaway from and i have to tell you if it weren't for the fact that i have two millennial daughters, i would hate this generation the generation that demands to be catered to or they cut you off at the knees or at the cord if you're a cable operator everyone wants millennials as customers because they're old enough to have disposable income but young enough to be persuadable. that means you need to advertise on the internet, because that's where this generation resides. that's why 45% of clorox's add
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go to facebook and google. clorox is at 45. second, perhaps because of low wages and student loans, they pay out for very little. we've identified over and over, millennials will pay premium for uber, for air b&b and the iphone and they'll pay up it for makeup they don't want to pay up for cable because they prefer netflix and amazon you need to understand these facts. the facts about millennials, because they're changing the wait companies have to do business consider the tectonic shift we are seeing right now at the walt disney company
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last night we got a one-two punch. first, the company launching a subscription based online streaming service for espn next year to reach those millennials and everybody else disney is planning to cut off netflix in 2019, so they can launch their own competing streaming service. is it smart? is it dumb no, wrong questions. i think it was unavoidable and inevitable if millennials aren't going to watch traditional cable on tv, media companies need to come one a package to reach them or risk being left behind. disney's ceo knows that. the theme park and movie businesses are going strong, so he recognizes that something needs to change if the company is going back to growth mode he's pushing a reset button here, betting it's better to get some of the millennials through the web than to get none of them through cable. i think he's right
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if he can make the online version of espn attractive enough with the super technology of bam tech, which disney just acquired a majority share in, it could be a big win but what about the second thing? why is he doesn't need to cash in on netflix. as much as he needs independence from netflix to prove and validate the value of disney content. which could be worth a lot more. clearly disney believes its spoke is too cheap on the call, disney indicated it's on track to buy $9 to $10 billion worth of stock disney should stop buying back all that stock and instead to make sure they've got the best streaming offers make the content good enough and even millennials will pay for
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it the question is, how long will it take for disney to make this work how fast can espn subscribers drop i think it's a footrace. but at least the narrative has changed to a killer theme park and studio business that's developed a fantastic online technology platform to deliver superior sports programming. the disney can deliver, it can be the kind of aggregator that facebook might be interested in buying for a huge sum. anyone who watched bam technology like i do, the amazing mlb app, it's legitimate it is that good. if he pulls this off the transformation will be huge and showcase how strong disney's theme parks and studios are.
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maybe they'll start talking about the studios and theme parks and how much they matter this is the kind of stock i like to own just a question of execution disney is just one example of millennial domination. estee lauder is on fire, thanks to the selfie generation the stock jumped $2.71 mccormick, the spice king pen, $90 today. the stock zoomed to $95.76 what an incredibly successful offering, mustard and frank's hot sauce. why? almost no calories ideal condiments for the millennial generation that's obsessed with looking and feeling good that's a big reason why i charitable trust owns aller
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rrverallergan they're working on a breakthrough depression drug check out the "time" magazine story that came out about a week ago. and the millennials love staying home playing games while they drink beer and nvidia, they make the best graphics chips for gaming. same with pepsico and those who give up on domino's, you'll regret it. kids hate going to the mall, they like to order stuff online. it gets rockier when you think
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about what they dislike. their love for uber and now lift is so intense that they aren't guying cars like they used to. they're starting to impact car sales. they care about the environment. that's where the prospects for oil and gas could be horrendous. and if you own netflix, the company has been preparing its own digital content for years. with the exception of disney's marble, i think it will be just fine so the bottom line, look for the fingerprints of the millennials. they're behind the love of the moves of so many stocks. disagree just ask bob iger, who is twisting his company into knots to get the younger generation's attention and i think he will succeed. bob in illinois, bob >> caller: thanks, jim i know they sponsor their show, but please don't let that sway
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you. i'm curious about metlife. >> i've got to tell you, like my wife and kids i don't watch the show either. i can't bear to listen to me either, just for the record. i keep my voice down when i go out of town. metlife, i don't want the local stuff. they should come on the show and explain themselves i'm happy to have them john in new york john >> caller: jim, john in new york how are you doing? >> doing all right how about you, john? >> caller: doing fantastic beautiful day today. >> isn't it? try to catch some rays >> caller: thank you much. my question is this, there's one stock that i've beenloving since 2009, all the way up to
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2013 out the tranches i bought, i held on to i'm buying some back now at a higher price i'm not sure if i'm doing the right thing or not >> what is the stock there >> caller: bgs >> they had a terrible quarter, john man, they're cutting them down to size. the numbers aren't there bob cantwell has to come on. they are in the center of the storm, and that's where you don't want to be all right, the millennial power behind this market, wow! they're driving stocks, even the big dogs like disney "mad money" tonight, as tensions rise, are you looking for a stable play in this market
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i'm offering my take on what could be worth it if things continue to escalate and what's the best performing stock on the dow jones this year it ain't apple i'll reveal it and shares are up 80% from a year and a half ago. can the company continue its rise hey, don't leave me. apple had a good day again stick with cramer. >> don't miss a second of "mad money. follow @jimcramer at twitter have a question? tweet cramer at #madtweets send jim an e-mail to or give us a call at 1-800-743-cnbc miss something head to
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them on us we've had nukes pointed at us before i can remember when russia decided to turn cuba into a nuclear launches pad in '62. terrifying to think how close we came to a fuel nuclear war fortunately, the soviets backed down now, this situation in north korea is bad, but it's not the cuban missile crisis all over again. unfortunately, we don't have any good options there for anyone that thinks a military strike is a good idea, you must, must, must read mark bowden's piece in "the atlantic" on how to deal with north korea. there's no way for us to hit him without endangering all of south korea and much of japan. and to say nothing of american bases in the pacific maybe even cities on the west coast. according to experts in the state department and the
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military, we may just need to accept a nuclear armed north korea, because the other options are unthinkable. i would love to take out kim jong-un, but not at the cost of tokyo. of course, i'm not a go-to go on thermo nuclear war, but i am the go-to guy in the event of a thermo nuclear war have cash, gold and velveeta i'm told that it survives even nuclear war. you should always have some cash and maybe 10%, 20% of your portfolio right now. i want some gold for the possibility of a calamity, even as i think in actual nuclear exchange is unlikely
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i prefer bullion i also am standing by my long-liked stock of rangold, which can go much higher it's looking good here i've been recommending defense stocks for ages and i think you can still buy lockheed martin. the second best is raytheon. i didn't care all that much for the general dynamics quarter let's go back to the most important principle, though. the defense secretary and the secretary of state have had to walk back statements made by the president that sounded like we're launching missiles by the weekend. at this point, if either side blinks, we're going to get a rally. i don't want to miss that rally. with that level of cash and gold, your participation in the post crisis rally will be just fine and even if we need to live with a nuclear icbm armed north korea for the rest of kim jong-un's lifetime, i think the market can handle it. much more "mad money" ahead.
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boeing took flight nearly a century ago and hasn't looked back can it continue to soar past estimates? and an exciting acquisition this morning to help people find and discover data with the sound of your voice kit add to earnings? i'm talking to the ceo and the prognosis was positive after the stock closed up here. but after a 30% decline here, should you be worried about the sha shares be quarantined? i'm talking to the ceo so stick with cramer
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because at lendingtree when banks compete, you win. ♪ pop quiz what's the best performing stock in the dow jones industrial average?
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so far in 2017, it's boeing. boeing by a mile the aircraft maker is up more than 50% year-to-date. second place, apple up 39% and while boeing has been doing really well all year, it's taken off over the past month thanks to the fabulous quarter the company reported last week boeing had a 25 cent earning base, and the stock caught not one, two, three, four, but five analyst upgrades in the wake of the report five that's how the stock rallied nearly 10% in a single day while i still like boeing very much, all this begs the question, how the heck did so many analysts miss this one? why didn't these highly paid professionals, the analysts, money managers, see this one coming what caused them to
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underestimate this perhaps the greatest american manufacturer let's set the stage. while boeing has been roaring, it seemed to lose its mojo in 2015 and 2016. investors started worrying about the slowdown in china. even when those concerns abated, it took a while to regain wall street's trust the company's long-time ceo and uber cramer fav jim mcnerney retired march 1 of last year what timing, huh boeing's revenue seemed to be evaporating. by the second quarter of 2016, it was down 1% now, since then the numbers have improved dramatically and i think the ceo is doing an
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excellent job. but i think investors really -- they haven't been willing to give him the benefit of the doubt. however, boeing has been producing excellent numbers of late so maybe it's time we give him more credit. right before the election, the company reported a blowout quarter late last october. even though revenues declined by 9.5%, the company made $3.51 when the analysts were only looking for $2.62. [ applause ] boeing has become a profitability machine. since then, the company has blown away the earnings quarter after quarter. of course, the stock took off after the election like so many other defense stocks the defense stocks, they just won't quick. the next time we heard from boeing in january, we got another top and bottom line beat but the government seemed to be turning into a tail wind from a
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head wind. even though trump criticized the cost of air force one, so far the trump presidency has been a positive for boeing. defense is one of the few areas where the president and the gop controlled congress can agree to spend more money and boeing could be a big beneficiary. when trump travels, he's basically acting like a big arms dealer for u.s. companies. boeing works with companies that respect friendly with the u.s. just since december, they've agreed to tell 110 passenger aircraft to various airlines they've got to be the biggest beneficiary of peace with iran however, the real story has to do with cost savings that's how the company managed to give us financial earnings. boeing has been laying off workers left and right
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last year, the company cut its commercial airplane workforce by 8%, including getting rid of some executives. so far this year, boeing has had 1,880 workers at their seattle facility then in june, they announced 200 more layoffs at the south carolina campus. boeing wants to embrace automation and other technologies in short, the machines are taking over, and it's good for business which brings us to the quarter boeing reported on july 26 wow. it was so beautiful. i didn't even believe it when it first came out boeing's cost and expenses fell even more, shrinking by 17.6%. these cost cuts have been the main driver of the stock's rally. it's how boeing can earn $2.65
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and the analysts were only looking for $2.30. as the ceo put it on one of the greatest conference calls where the analysts were in disbelief, i quote, our teams are delivering better performance in every segment of the business. our robust cash flow enabled us to return more value to the shareholders and invest in future growth and a plan to accelerate pension funding wow. it's straight up, just like a boein boeing clearly wall street was surprised by these numbers you can see the same thing in the analyst reports. multiple firms upgraded boeing after the quarter. goldman sachs, rbc capital, taking the stock from a sell --
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what were you doing with a sell on boeing, guys? to neutral just about everybody raised their price targets as well as estimates. boeing boosted its own earnings outlooks by 6.5% why the heck did so many firms have sell ratings on the stock it was the best performer in the dow for 2017 it's not like this was some kind of stealth jet rally let's look at a couple of firms. goldman added bowing to their sell list in february of 2015. where did they go wrong? they assumed lower sales would transha translate to lower stock prices. when things started getting better, they dug in their heels on the bear thesis rather than capitulating i bet they're kicking themselves in february, buckingham took
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boeing from neutral to under perform. they predicted it would go lower thanks to a series of revisions. whoops, couldn't have been more wrong. morgan stanley takes boeing from overweight to equal weight the analysts explained with the stock up 40%, the risk-reward wasn't as favorable as it used to be. fair enough, but turns out he was available. it's under promise and over deliver. the ceo of boeing has been the master of u.p.o.d. in short, boeing is-- it's kin of -- some would say sandbag maybe more of these guys should realize the company is being conservative
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that's the way they are. of course, over the past few months, stocks going from dirt cheat to moderately priced given how the company keeps delivering earnings, i wouldn't be surprised if those estimates are too low. boeing managed to blow away the numbers last month, because the analysts aren't giving the ceo the credit he deserves while more than enough have gotten religion, there's still a lot of holds on this darn thing, and i believe boeing is being underestimated, meaning the stock could have more room to run. >> buy buy buy ed in west virginia. >> caller: hi, jim general electric has been lagging in the market for a long time do you feel that the long-term prospects for general election justify hanging on to it >> oh, boy, i talked about this
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today in my conference call. i said listen, i feel like it can go down to $23 but i don't want to sell at $25 and get back in at $23 i don't like what we just heard with boeing. that's what i think could happen by the way, live nation just reported a great quarter and we should book the ceo i like that guy very much. any way, that's an aside dare i say, i think the best dow performer this year, boeing, has more room to run that's right, i think boeing is underestimated even up here. there's much more "mad money" ahead, including by take on tableau software and then you keep asking about it, so i'm going to get it lackluster start for the year, worth smring rapid fire, tonight's edition of the lightning round.
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♪ sometimes you have to wonder whether a rebound is for real. take the comeback in tableau software the data analytics firm that saw its stock get cut in half back in february of 2016. lately the stock has rallied 65% year-to-date thanks in part to the rise of big data, i think the software analytics industry has a lot going for it and we know tableau is doing well last week the company reported a nice top and bottom, a growing subscription business. and we love subscription businesses on "mad money."
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we found the company is planning to buy clear graph that enables smart data discovery with the use of natural language technology just ask the question in plain engine lish like ylish and it t into terms now, they want to integrate it to make customers easier to interact sounds like a game changer to me let's take a closer look with the ceo of tableau software and learn more welcome back to "mad money." >> thanks for having me back on. >> before we get to what i think is a very exciting acquisition, i want to point out your quarter. higher than anticipated subscription mix, strong recurring revenue growth and
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good cash low. how did it all come together so well >> well, we're very happy with customer adoption of our subscription offerings we're making a big pivot to allowing customers to purchase subscription rather than perpetual software they've adopted it faster than anticipated. that's producing great results with customers >> some of these customers are amazing. i know you've got your annual tableau conference in vegas coming up in october and i just saw one client, so much in the news today because of price line, expedia but air b&b, what would they be doing with tableau >> a lot of internet based companies with large consumer bases are collecting tons and tons of data and they really want -- that type of company wants to enable pretty much in their company to ask any question of any of the data that they have.
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that means not only having very sophisticated analytical capabilities, but natural, intuitive self-services interfaces so anybody in the company is capable of interacting with the tool you want the software to fall away it's very important for data rich companies like that >> that's a great segue to this acquisition that you made of clear dpragraph. people that don't know how to write code or aren't sure about how to do computer science can still use tableau data by using clear graph. >> that's right, jim so tableau's mission has always been to help people see and understand data. what we're doing with this acquisition is leveraging some of the technology and innovation that's taking place in the space to further that mission even more >> what is the benefit of the combined offering. give me an example about smart data preparation >> sure.
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so if you think about the fact that in large corporations for example, they want to enable tens of thousands of people going forward in the years to come to interact with data ain rich and powerful ways that user in a company might be somebody not technical so what they really need is very sophisticated analytics capability, which is presented in a very straightforward, simple and intuitive way that's what clear graph and the natural language processing technology that they've been working on helps to enable and tableau has also been working on a bunch of natural language capabilities. so the combination would allow an executive, for example, to say what were my sales yesterday? or maybe a more sophisticated question like sew me all of my
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customers in europe who have spent $100,000 or more year to date, all done in a hang wage that makes sense to the person asking the question and they can follow up with more sophisticated questions. >> i'll give you a bunch and you can pick university of georgia, notre dame, we love notre dame, what would a query that one of those companies or schools would ask that would give information back using this new clear graph technology >> sure. well, one example from the enterprise face would be transunion they've just recently standardized on tableau across the enterprise, they're using everything from making good credit decisions to figuring out how to work best in their auto lending group. so they might ask a bunch of
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natural language questions around characteristics of their customer base and do that in an easy way that doesn't require -- in the future will require even less than the drag and drop knowledge required to use tableau today. so we really innovated in a space by taking it from old school business intelligence, coding reports to a natural, graceful intuitive dragon drop approach we've been going forward with our own efforts as well as the clear dpraf technology that we'll be able to make it more inintuitive and less complex >> i imagine if i'm a sales person for tableau, i can go to anybody, a coca cola, anybody at hyatt and hotels and say here's the deal you no longer have to code you don't haveto bring in i.t. and you don't have to get sophisticated people from stanford you can do it yourself
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that seems like a great call if i were a sales person. >> i think that's the vision going forward. machine learning and artificial intelligence are going to underpin so much of what we do going forward. ironically, you have to take a very so fiphisticated approach, it's just going to take time this will be a multiyear process. we think there will be lots of interesting offerings. >> congratulations on the great quarter. i think this acquisition makes so much sense. thank you, adam. the president and ceo of tableau. you should see the way this company has turned around. look at the chart since he got the job. "mad money" is back after the break. i had frequent heartburn, but my doctor recommended...
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> it is time, it's time for the lightning round. [ indiscernible [ buzzer ] and then the lightning round is over are you ready, skedaddy!
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time for the lightning round ian in maryland,' ran. >> caller: boo-yah from the state of maryland. >> oh, man >> caller: first time caller my stock is william sonoma >> i like william sonoma, but it's retailer. matt in iowa, matt >> caller: hey, jim, i just started investing and bought via come >> really? >> caller: yeah, really. >> the day after i bought orpgs they had a frost that wiped the whole thing out. khalil from texas. >> caller: big boo-yah from me and my dad and my brother. thank you for all that you do, including helping me as a recent college grad to navigate the market >> that's what i wanted to hear.
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>> caller: dave and busters. it's come down significantly is now a good time to initiate a long-term position >> a lot of people are worried about casual dining. that place is more entertainment. i like it. miles in florida, miles. >> caller: boo-yah, jim. my grandpa bought me mattel stock when i was younger what should i do with it >> sell it for hasbro. anthony in new york. anthony. >> caller: hey, jim, thanks for having me on the show. >> you bet >> caller: question is about logitech i increased my position on it. >> that seems to be right. i'm not done here. let's go to lucas in minnesota,
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hue cas lucas. >> caller: my stock is sanderson farms. >> it is good, but that tyson quarter is still so good, the stock is still undervalued i'm not a huge bacon eater i like chicken let's go to rob in ohio, please, rob. >> caller: boo-yah >> boo-yah >> caller: i'm from beautiful southern ohio. and i've been following pten >> just follow it, don't pull the trigger. it's an awful stock. that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock
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♪ some biotechs have made major moves, but others are still bouncing on the bottom look at one you look at all the time the stock is down six bucks and change this one has been a roller coaster. opco got slammed back in may the weakness didn't stop there next day, the u.s. attorney for the southern district of new york is going after the company because of a lab they bought two years ago that may have violated the false claims and improperly
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billing medicaid then a day after that, alpha published an anonymous piece for slamming opko for being overvalued but last night they reported a solid quarter, and the stock is now bouncing closed up 5% today there's a lot to keep track of big market they have a chemo therapy induced nausea drug, with human growth drugs so are the bears right to be skeptical of opko or has the stock been punished too much i'm going to give this man the noor to explain what's going on. dr. frost, lwelcome back to "mad money. >> thank you
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great to be here >> dr. frost, you have done some remarkable things. you have five phase two clinical trials, doing some amazing stuff. so ma let i'm trying to figure out the disconnect with all of these things that are working and your stock price. >> well, i won't comment on the stock price, but i can tell you quite a bit about what's going on if the company. >> sure. >> as far as the investigation is concerned, let me put that to rest by saying that we got a call earlier in the year telling us that they were interested in knowing about more what's going on we called back later to get some more information they said they would call us back in april and never did. we've done an internal evaluation and audit and we sound no systemic problems we found a few errors here and there, as you would expect in a business that has so many
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transactions but this sort of thing is routine in the industry. if you look at the regulatory filings for lab corps, you'll see the same thing we don't think that's a very big deal for us. and next -- >> i liked the yoability to diagnose prostate cancer in african-american men that seemed like a breakthrough. >> yes, because african-american men have a problem because they develop a more aggressive form of prostate cancer, so it's important to identify the problem early. and not only that, but people in the caribbean who have some african blood in them, they have -- they formed a more aggressive type of prostate cancer
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it's a great test. if you do the test after an elevated psa, you can eliminate 50% of the biopsies and tells you what your chances are that you will die from this we're doing between 250 and 300 tests a day, up from about four tests a day when we acquired it. but we look at this as just a baseline we think it has nowhere to go but up and we're going to start a very important, intensive marketing campaign starting in the fall, including tv advertising. it's a great product and put us in the urology business. being there and knowing the urolo gi urolog urologiss, we came across a couple of products that have great potential. one is a selective mojlator.
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it's safe and it lowers body fat, increases muscle mass and strength, lowers the psa we're going to develop it -- the only thing missing is that we -- the trial did not show that it shrinks the prostate however, in the dog model, which is used to evaluate drugs of this type, it shrank the prostate 60% after three months. so we're confident we'll begin that trial in a -- in the fourth quarter of this year >> so i look at these and i say, when are gigantic markets. i want to know whether the ur o
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urologists will be ready for the forecast that biopsy thing is the most frightful thing in the world >> you're right. but we have to keep it in front of them, or we're going to make a real effort so that this becomes routine for not only urologiss but many of the generalpractitioners, as well. >> this is the type of thing if you wanted to be able to cut the health care costs in this country, from inspections, stays in hospitals, this has to be the easiest thing in the world to do has the president contacted you? >> well, we have done studies to show that it does cut the costs, and not only that, the biopsy, as you may know, is associated with all kinds of side effects, in addition to the pain. so it's a cost effective tool that's a great value to men. i'm convinced it will eventually become a routine test.
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>> and is that why -- you just continue to buy stock in the open market, even though you -- >> right >> well, let's leave it at that. you've been a huge buyer i know the stock is inex-spentive. >> i always believe in buying -- investing in things i know about rather than things i do. >> dr. frost, chairman and ceo of opko health sounds like they have a lot of things going for them if you ask me stick with cramer.
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after the close tonight, live nation, one of our favorite companies, reports a blowout company. tomorrow, the most important stock in this market away from f.a.n.g., some people believe it should be tin f.a.n.g., nvidia reports. i like to say there's always a bull market somewhere, and i promise to find it for you right here on "mad money." i'm jim cramer, and i'll see you tomorrow
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our phones have evolved, isn't time our networks did too? introducing america's largest, most reliable 4g lte combined with the most wifi hotspots. xfinity mobile. call or go to >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ with a product she believes will help expecting moms feel beautiful. ♪ hey. my name is deidrea haysel. my company is hot mama gowns, and i'm seeking $30,000


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