文字起こしMad Money w/ Jim Cramer 1/10/22

ジムクレイマーのMAD MONEYの文字起こしになります。米国株を英語学習を通じて投資したい方に向けて作りました。皆さんの反応を見て改善点や英語解説などい追加して行けたらと思います。とても有益な番組なのにジムの英語が難しくて悩んたのをきっかけにこのノートを作成しました。 聞き取れない部分もあるのでご了承ください。是非Podcastを聴きながら合わせてこのnoteをみれば、様々なアメリカ英語を聞くことでリスニング力を鍛えることが出来ると同時に、タイムリーな米国株投資情報を得ることができます。イイネ！と思った方は投げ銭いただけると嬉しいです。

‎Apple Podcast内のMad Money w/ Jim Cramer

0:47 Cramer Welcome to Mad Money. Welcome to okay America. I'll do a new friends just trying to make you some money. My job is just to entertain but educate and teach you so call me at one 800 743 CNBC or tweet me at Jim Cramer. When everything's going down, it can't just stand there. It got to do something. Warren Buffett famously said, unlike baseball, there are no called strikes in this business. And that is true to a certain extent. But as long as interest rates remains low, and even after this move, they're still Oh, I think I think advantage of the clients like this and find something to buy one of the babies that are getting thrown out with the bathwater. Why bother to buy anything for daily today with Dell Watson. 63 points as we declined point one 4%. And then as that kept amount of furious come back, just to finish up point, oh 5% many reasons. First, if you want to be a good investor, you need to buy stocks when you're getting low prices, at least low relative to just a week or two ago, like when the market was in freefall this very morning. You had to buy the NASDAQ when it was most ugly. In this sense. I think Buffett could be wrong. Maybe there are no called strikes in this business, but they're certainly missed opportunities. When you see a big decline. Big decline like disappointing the NASDAQ, it sure feels like a cold strike if you do nothing. And then the market goes right back up like it did today. We know that many people like to buy a rising market because they fear missing out. They're trying to buy high and then sell higher, but sometimes they simply buy high and get crushed. The thing is if you buy now you're buying low or at least much lower than we were a few weeks ago. That's how you can avoid kicking yourself for buying stocks near the peak. Even if we have more downside at least you're not coming in at the high right. We've managed to catch the low tape some revise for the Investing Club my child will trust but that was because when things are most ugly, my discipline is to look at the ugliest stocks and the best companies Nords the stocks that are down the most of really good companies and do some buying as SARA EISEN told you when she recapped our move on closing bell today. Second, the leader on the downside in this market, the stock the start the whole decline, frankly, was Adobe, the $250 billion software Titan. If you're getting it just has been hideous, getting slammed once more this morning, trading as low as 490 $7. Adobe finished that they upped 3% to 525. I chronicle this today was one to one Twitter Believe it or not. Well, this company's very profitable when it reported mid December, its results were widely panned. Since then big tech has been wobbly. Then on January 4, UBS slashed assessment for goby and downgraded the stock saying that the business isn't making a comeback. It's actually down to you. Now I don't think that's necessarily true. Now, I had Adobe CEO at Johnson and Orion on this show after the company reported and Changsu. Well, I thought he said a lot of good things. He doubted that there was any slowdown to beat to begin with, let alone one that was continuing on with him. Now it's true. There were some lines that weren't perfect. However, Adobe below $500 where it was at today's lows is a very different beast than the Adobe that was at $680 A couple months ago. In other words, unlike so many other stock pontificators, I think price matters and it isn't factored in enough to people's thinking. It's no shock that Adobe turned today. It felt too far from where it was historically trading. Investing Statway was right now getting in on a high quality stock a much better price. Despite there being no real evidence that the business deteriorated since they reported the quarter. price matters. That's what you need to know when I say eyes when Adobe price matters. There are reasons to hold your nose and buy. Some very smart businesses are actually taking action here, which tells me that the lower prices are creating real bargains for other companies. Remember there are two ways to value a company based on what investors will pay for the stock and based on what another firm might pay for the whole enterprise. I famously told David favor by partner in the morning zillion times. It was too early to buy Zynga that's that mobile game maker I got let's dig into the company turned profitable last year only to see the stock plunge from $11 to $6. Late last year. Now again that was that sell off that began you know right around the time of Adobe. I think the video game business is simply too competitive, especially the mobile side. But today Take Two Interactive bought Sega they bought it Call it for nearly 13 billion in cash and stock. That's a 64% premium to where it finished last week, but so well below were traded on the NASDAQ was still high for high flying in the summer, saying this stock may not be worth much to any given investor. But it was worth a great deal to another game maker that wants to smooth out its earnings. As take to CEO Strauss Delic told us when I asked him about the deal this morning. Again, public investors aren't the only buyers out there. When a stock gets too cheap. Another company might pants sure take to stock they get slugged on the news plummeting $21 Well, you know what, I trust grass. He knows his business better I do. Smart people taking action. A fourth consideration when the stop what you're saying is true for the bonds, then it's possible that the decline can reverse if bond yields ever stopped rising. We're all used to seeing to see stocks that can go straight down. But bonds tend to overshoot in a particular direction given short periods, and then the correct in the other direction. Today we saw bond yields a surge in the morning for going lower in the afternoon, and finishing the session up very slightly. Now that became a clarion call for traders to scalp or come in and buy the dip, usually the intention of trading out at the end of day and by the way, the scalpers really won today because when rates turned, they continued to go down, and that gave you that window to buy. Now, obviously the scalpers aren't the best kind of investors or traders, but they do show you this market interest rate sensitivity can cut both ways. And anyone who thinks rates can just keep moving inexorably higher, simply has not studied the way the bond market works to be sure face go higher from where they are today than stocks Samsung got crushed earlier this morning will be beat up again tomorrow, except this time, investors will be looking to buy the dip not selling because they saw what happened today. Fifth, the stocks had typically bottom first when they were in the throes of a decline. The Food and Drugs and consumer staples all couldn't sell as well in the morning, as we would expect. Give me a sense that not everything will be would get obliterated. They don't necessarily produce a market by bottom but you can pretty much count can't have a bottom without them. They're the ones that always bottom first. Now I actually worried this 100 To play books for them, bottoming wouldn't happen because almost all the staples have supply chain problems or wall cost issues. But the ones that reported keep telling me that they bed pricing power coming in and the consumer won't resist the price increases, decent place to be, or at least a place that is working. Okay. When I say working it means that remember I told you quartz bottom like 10 points ago. It's working right now. It's not where I want to be, but it's working. Now there are a couple of things that still disturbed me about this market. Many of the industrial winners have yet to really start coming down although some did fall in the last two hours. We need them to go lower. In the end everything corrects environment like this one. That's the last shoe I also don't like how well two shoes I don't like how the bank stocks are looking. Now they are coming in way too hot to the earnings on Friday and next week. When that happens unless you say we're predicting a major earnings breakout because the Fed I expect the branches to pull back. Unfortunately, these are bankers not tech guys. They aren't prone to making such bold projections. Meanwhile, financial technology oh my god FinTech there really is no bottom. You know, I follow PayPal and travel just owns it. It's been a mistake. The decline in the stock is horrifying to me. How long does it have to go before the solid conclude that it's just no longer worth dumping? Not at these levels. Incredible. Now the pattern this part of the market is to rally off the lows and then open higher the next day, perhaps massively higher bonds keep rally rates keep going lower for coming in a bit between 10 3011 That's what makes them so hard. If it opens up tomorrow. It's very difficult to figure out what to do. It's another reason why I keep stressing you need to do buying into the weakness of ugly days like today like buy terrible trusted. So the bottom line if the market opens down tomorrow, you should look for something to buy. But if it opens higher, take a pass remember that when important index like the NASDAQ trades at a three month low, you have to at least buy something that's being thrown out because they can't all be that terrible. Market cap Connecticut mark. 9:15 Yes, Jimmy chill yo got a show idea for you. And then I got a couple of stock picks. Okay. Sure idea is you do a segment once a week called do the math, where you show us how to value different companies like say five nine, you do one week, the next week you do a bank, we show us how to do the price to book alright, 9:36 you know, I think that remember a lot of what I do is try to be as successful a pot as possible. I like that idea to try to figure out what the book value is for safe city and owning the stock. We've done it a couple times. It is you know I try not to bore people candidly it's harder to understand I tried to make it put some sugar in it so that people like it stock pickers market right now. Well, I gotta try to educate and And it's like when I took the bar exam, he took the bar exam as a dry subject yet to make come alive. And this professor has made it come alive as far as 559 You know that we that we have liked it we trawl upon we think it's terrific mark and I'm not going to back away from it. That's someone that Zoom video tried to buy. Let's go to Kate Georgia please Kate. 10:20 Hi Kramer how are you? 10:22 I am good. How are you Kate? 10:24 I'm good. First of all, one is say like I've made several wise sound decisions and there's a direct correlation of being part of the investment club. 10:33 Oh, that's terrific. Thank you. Thank you for sure. Try it out and we're out there. But that's great. I want people to join it's very important to me so go ahead. 10:42 So a while back, my son asked me what stock he thought you know, I should recommend for him and I liked is RG Intuitive Surgical. And I said let me see if I can do a little bit more due diligence. And it was blessed enough to come on the show and ask you about it and you recommended it as a buy. And he got it and I got more of it but it's gone down and I feel like we're moving well through the pandemic I mean I know things are rough right now but I feel like things are gonna get better and elective surgeries will go back up again and I'm wondering if this is a good place to add to my position with it. 11:23 Yes, I think you've got this right take I think that that is just doctors are hurt by COVID because people got don't go in and use the procedures just worried about getting it as is peaks is RG is going to be a stock that goes back up. Fortunately not that much off it's law of its high but just enough to really make it tempting because it's about a little bit more than 10% which is perfect. Now if the market opens down tomorrow, you gotta look for something to buy. Okay, um, you saw what happened today. If it opens up higher in interest rates start going higher again, whether you got to save this. Oh man money tonight. Analysts are rolling out their full year outlook notes for 2020 to one introduced repeated among the crowd. I'm taking a close look at Uber and sharing if I think this is the stock to buy for the new year, then this weekend sports betting became legal in New York state. So could some winners emerge on Wall Street if the group's decline? I'll give you my take. And Dex comes up today reporting preliminary fourth quarter results. I'm going straight to the source to get a read on an amazing stock and a great company. That diabetes equipment maker that I think is just so good at Dexcom so stay with Kramer. 12:36 Don't miss a second of Mad Money. Follow at Jim Cramer on Twitter. Have a question. Tweet, Cramer hashtag mad tweets, send Jim an email to Mad money@cnbc.com Or give us a call at one 807 43 CNBC miss something head to Mad money.cnbc.com. See, CNBC workforce Executive Council is a premier group of C suite Human Resources executives from leading companies across the country. It offers a members only portal and chat plus exclusive industry content. With access to Breaking News calls and digital networking experiences. The network and resources HR leaders need now applying to the workforce executive council at CNBC councils.com/wec. 13:39 As 2022 gets rolling, this is the time when the analysts love the roll out their full year outlook notes on what I'm watching pretty closely. I'm looking for the best ideas for you. This year. There's one that I've seen repeatedly, I took them by surprise, probably you to Uber Technologies. Now it's certainly a curious choice. Uber came public 20 years ago, and in that entire time, the ride sharing stock, let's just say it has been completely dead money. 14:07 In fact, it's down more than three bucks from its IPO price. But suddenly there's a surge of optimism for Uber no less than five different sell side research firms both just had named this stock one of their top ideas for 2020. And you know what, I think they've got a point, because this could be the year when Uber finally works. And by the way, is very rare to see such unanimity from people who really didn't care for before. Now, if you're worried that I've lost my mind, I get that. But given that I know I've spent the last couple months warning you away from tech stocks with no earnings and Ubers definitely not possible. Their core ride sharing business has been hammered by the pandemic right now. The Omicron numbers are looking real bad. Even though some pettiness outbreak will peak sooner than most of us expect. Simply this is just so very good. At the same time Uber's got regulatory worst worst of all the tight labor market means they've had to deal with a major driver shortage which translates into Higher fares for their customers, sometimes much higher. But Uber report its latest quarter November the headline numbers were better than expected, even at positive earnings before interest, taxes Depreciation Amortization for the first time ever. But a few weeks later, the Federal Reserve got more hawkish home market turned against unprofitable growth stocks in terms of earnings per share, like GAAP, you know, where they actually have the numbers posted, like EBIT DOM burger brawl, and that previous percent this one taught me from the mid 40s, mid 30s. Now, it's recovered to $43 and changes today. So Uber doesn't really fit the pattern the kind of stocks I've been telling you to own for 20.2. So why the heck am I pound the table right now? All right, let me give you the bookcase. First of all, this is now well rounded business for the first time that I can remember, originally, Uber came public, the rideshare division was doing well. But their delivery platform Uber Eats was horrible, really struggling. At the same time, the online delivery services were all locked in a bitter struggle for the market share that made it very difficult for me to make money. Then the pandemic hit and while there was great, a great, great business for for delivery, it was all for the cab business because there was nowhere to go. You also were scared to get the cabs. But if we can finally beat COVID This year, which is what I expect if drama, cron spreads for the whole population, then the ride sharing division would be in much better shape so you can look at it now I think about the future could recite this industry has changed radically thanks to consolidation, the few remaining operators now with previous business how this okay, these numbers are pretty telling 2019 UberEATS lost 1.4 billion on a 1.4 billion in revenue number. Whoo. In 2020, the revenue exploded to 3.9 billion, they still lost 873 billion in the most recent quarter, though. UberEATS had 97% revenue growth, and they nearly broke even on Earnings Before Interest, Taxes, Depreciation Amortization basis. As for the ride sharing business, it's all about a return to normalcy post Omicron. One reason this new variant is pretty so rapidly though, is that many people are already living their lives like we won't be there because they've been vaccinated, or basically just don't take the virus seriously. In the third quarter Uber's ride sharing revenue grew by 62%. Well, you gotta remember they were up against these comparisons last year was so lovely. Once the Omicron wave peeks, I bet those numbers get even better. Then there's a division, you know, I've been focused on I've had the CEO of it one. And I think it's going to be a major contributor, maybe next year, not this year, Uber freight, which is basically the same platform, but instead of drivers and passengers, it matches drivers, truck drivers with loads of freight that need to be moved. Right now our whole economy is being squeezed by a supply chain crisis. And Trucking is a huge part of that which makes Uber freight more central than ever. They just acquired another free company called Trans placed for 2.2 5 billion. That gives them a lot more scale and brings us business much closer to profitability. It should break even by the end of the year, and then next year, I think would be a major contributor. Hey, speaking probability. That's the other part of my thesis. Like I mentioned earlier, Ubers already profitable and EBIT dot basis is the most recent quarter you saw that at a monlam long term interest rates are rising sharply anticipation of several rate hikes from the Fed, and maybe as many as four could be five. Well, investors have no patience with money lose companies Uber's pivot to profitability is happening just in time. If you look at the analysts estimates, the company should be able to generate 1.4 billion here we go again, in Earnings Before Interest, Taxes, Depreciation Amortization this year, but that never grown is 3.63 23 5.5 billion 2024. In terms of actual earnings per share, those should go positive next year. In other words, Uber about to become an earnings growth story. And that's what I still want. I mean, look, I would love it if they're consistently profitable. But remember, I also think companies that break into the black are meaningful. Third point this stock got hammered by the quote sell off last year, but then a bottom and mid sever and it's been holding up much better than the two high fliers. What turn things around on December 4 14th. CEO, Dara cos was sorry, reveal that Uber had just recorded its best week ever in terms of overall gross profits of gross I'm sorry, gross bookings. While they haven't fully recovered from the pandemic, the ride sharing business had its best week since COVID. Hit blue every business had its best week ever. This is a really good sign. Meanwhile, a month from now you've got a major catalyst who reports on February 9, then the next day, they're holding an investor meeting halfway through my birthday very significant, where I think Mashable will paint a very positive picture about their company, not Nestle about me. Finally, we're starting to make. Finally we're starting to hear positive chatter about autonomous driving. And this is so important because this was initially when I dreamed of Uber what I thought was the big difference maker will be when they got rid of the drivers. But that turned out not to happen. And now it's getting to be on the cusp of something really big. I don't want to bet on this specifically because the headline risk is enormous. But it gives you a nice long term kicker it's finally there, because Uber be a lot more probable they can start cutting human drivers out of the equation and I think they will be able to eventually when you look through the bush analyst reports in this one they have a similar set of arguments. The analysts log Ubers delivery business they especially love health care Getting into groceries. They're salivating over the pivot to profitability. They see Ubers terrifically opening play not just because it means more ride sharing business, but because getting over COVID should also help solve the labor shortage something I believe in firmly, bras most important, they liked it Ubers cheap, not until you avoid stocks to trade, multiple sales, not earnings, but over now trades at just three times sales. And that is a real bargain. If business keeps picking up remember, this is one of those stocks where when it pivots, it should pivot big not like this, but like this. Here's the bottom line. Uber is not a slam dunk. You still got a regulatory risk and Omicron risk vom con lingers. They put a damper on the rideshare recovery, but I think we'll reach a point where the positives outweigh the negatives. I can't believe I'm saying this. So you got my blessing to put on a small position Uber, you can buy more into weakness of the stock pulls back if the NASDAQ also likes to test its low. Remember, I expect the investor meeting could be a month from now. Major positive catalysts but I like Coover stick with Kramer 21:03 coming up. States are getting much compiere letting fans roll the dice and Kramer wants you to play it smart. Odds are you'll want to see what's next on Monday. 21:24 At 9am on Saturday morning, all my sports gambling officially began became legal in the state of New York. While we have legal in person sports betting before it was mostly at a few casinos upstate far away from the city. But now we've got four online sports books we got DraftKings FanDuel, which is a subsidiary of flutter entertainment, sees your sports book and bet rivers which belongs to Rush Street in Racket. New York is now the most popular state to legalize sports betting. We're talking about potential for millions more customers whoever said watch the road this weekend. I don't know about you, but it's kind of struck me as incredibly bearish. I mean, there's a reason all these sports gambling stocks have been crushed lately. Penn national was the worst performing game in the entire s&p 500 last year, down 40% It's down 67% from its highs last March. DraftKings which is the most high profiles online sports. Betting pure play has done just as barely down 41% last year. Those are hideous declines and the representative of the porter group. You won't find any stock in this industry anywhere near its highs. Why? Because the industry is just too darn competitive. Too many players competing for too little business, which means there's not much room for any of them to clean up. Let me walk you through what happened in New York and now explain what this means for the businesses kind of a seminal moment. Now this has been in the works since last April as part of the state's last budget. Then they started taking proposals from various gambling companies. Two months ago New York pick nine operators from mobile sports betting the four that already launched plus five others Valley bet from Valley's bet MGM from MGM Resorts winner active from Wynn Resorts, then Resorts World which is subsidiary of a Malaysian company and points bet which trades in Australia full disclosure NBCUniversal CBCs parent company is investing points but the SAT this state, the state picked this Saturday to watch sports betting and made a lot of sense. You know why? Of course right? Because gamblers will be able to wager on the last week of the NFL season and all the playoffs as well as the Super Bowl. Not to mention tonight's NCAA championship game between Alabama and Georgia. The four companies that want two days ago were the ones that had already passed New York State's writing requirements. The other five are still going through the process, but the proof was expected to come fairly soon. The thing is, as we watch the launch, the thing that stood out the most was this plethora of deals that were available from the get go. There's so many promotions it's ridiculous. Caesars was offering free enter hours free bets to anyone who signed up, then they matched 100% of betters initial deposits up to $300. So if you sign up with Caesars and positive spin jars, then you'd have $7 to bet with. They really want to get you into the digital casino match that cost of acquisition. DraftKings offer new customers the chance to bet $5 to any money one week 18 NFL bet meaning easy bets with no points break every one you get $200 Free Bets. moneyline bets really used to win because you just pick a favorite like the Buffalo Bills. They crushed the jets of Sunday 2017. I mean, of course like he could have picked the Colts but you know what I mean? FanDuel is big promotion involves tonight's NCAA championship, you can bet $5 in either team to win the game. And if your pick wins, you'll get $150 cash payout. Unlike DraftKings, which gave you the 250 I turn it off in free bets. Vandals offering real money that you can take out immediately. Of the four bet rivers had the least attractive potion, but they still give people 100% deposit match up to $250 So if you put that into a few dollars, she could gamble 500 And look these deals didn't stop with the initial bonuses. Many of the online sports books continue to offer sweetheart options in order to be able to acquire new customers on Saturday. She's just had this deal where you can bet up to up to 20 dollars in New York Knicks scoring a single point in that negative against 25:06 the Knicks You bet. Well, let's just pick that up. But no team is so bad that they can't make a single basket. DraftKings lets you bet $25 on either the jets or the bills, scoring a touchdown. And they're making the same goal for tonight's NCAA championship. Touchdown. Obviously, there's some caveats here. Most of the winnings we're talking about aren't actual cash rewards that you can withdraw instantly. They're credits you can use to make bets on each platform, you need to make another bet and win if you want to see real cash. But man, when you look at the overall situation, these online gaming companies are throwing money at people in order to win market share. And remember, there's still five more sports books that haven't launched yet. If the industry is already this competitive with four players, imagine the deals you get when there are nine. On top of these promotions, all these outfits are spending a fortune on advertising York is just is not a cheap media market. Now, you could argue that these promotions are all worth it. We're talking about temporary upfront costs to learn long term customers. Tom Reid, the CEO of Caesars was on Squawk Box this morning, and he said they had almost a million individual bets in the first 39 hours. But Caesars, the most generous by far is promotions. So I've got a wonder how much they spent to lure in those gamblers. They're losing money. And every gambler. Here's my concern these plays, they're shelling out all kinds of money to bring in customers. But these days customers have no loyalty. If there are eight other players, all of whom are offering similar promotions. Why wouldn't you just keep switching until you use up all the best deals? On top that tax rate for online gambling in New York is astronomical. They're taking a 51% percent of gross revenue, not earnings, but revenue. And that's on top of the $25 million licensing fee. I mean, talking about racketeering, on the subject of illegal activities, obviously, there's still a huge black market gambling business, and there's no telling you that will go away. Remember most bookies will give you credit. The downside be what happens to you if you can't pay. I like the fact by the way that you can't no credit for these sites, because people will get really do a lot of things I think we were responsible. earlier last year, there was a ton of optimism about the scale of the opportunity for online sports betting. But as we see what the reality looks like, there's tons of competition for market share and little way of profits to bed because profits are what this market wants right now. That's why everyone is every single one of these stocks has been obliterated. That trajectory looks a lot like what happened to the cannabis stocks a few years ago. Although gamma is in much better shape because cannabis is still waiting on us legalization at the federal level. But after Canada legalized all the cannabis stocks soared. Want to come back to Earth we realized the competition would be incredibly fierce. Now we do have we got to see Florida and Texas and California. They're not open yet. Those could be terrific. And we know that there will be last man standing but before you can think about buying the sports candidly stocks, I think we do need to see consolidation, we need to seek some copies being taken out who will be the last man standing. We think the gaming companies with fiscal students casinos do have an advantage right? They already have the infrastructure. But DraftKings has a deep Portus, by the way FanDuel is got the majority share right now. Another one to watch is a spy app, and it's called sports entertainment acquisition. We introduced it on our show. It's run by irk Woodman. He's a former Goldman Sachs m&a banker, and it will be soon as supergroup its whole purpose is to roll up the industry. That's a pretty interesting, attractive issue. But the bottom line until we see fewer commercial deals and more m&a deals. He's on my sports gambling stocks. They're very difficult to own even as I am tempted, as I said, they speak about Penn that and refuse to think that they are trying to put in a bottom. Adam in Ohio, Adam. 28:52 Hey, Jim. Well, the show. Thanks for taking my call 28:54 you Adam, what's up? 28:56 My question is recently one of your investment club bulletins. And then again recently, on your show, you mentioned this stuck as quote dead money. So I was wondering if you could provide a little bit more clarity on exactly what you meant as well as with my cost basis of 101. any guidance on what I should do buy sell or just hope to break even my stock is when 29:19 I said that? Yes, I did. I was very critical myself with when I've been beating myself up. I would have put the posted on my forehead with when but I didn't obviously I did not know about Omicron Delta. And I didn't know the trend will crack down and have such a lockdown. The reason I said is dead money is we'd have to see COVID end. And we have to see the Chinese relax. Maybe after the Olympics before the stock runs United States doing very well. The CEO retire which I didn't want that many, many things have gotten wrong with win, but I still think it's worth considerably more to someone else not unlike win, win. Look like you remember until today we didn't think that Did that take too would find a lot of value, right? When we looked at what happened when they went to buy? Man that sucks down there when pricing Yeah. But I have to tell you if someone were to buy when it would be like Zinka being walked by, take two. And that's what you have to hope if you're when focus should not be part of the equation. But you know it is I don't want to say it's too early to buy when but it's going to get to a level where you just can't afford to not be in it. It's just not this one. I think these online sports betting stocks are too dangerous to own right now, but they are trying to bottom we need to see more consolidation and fewer commercial deals. They are like wind which is one of the companies we just mentioned. That was MacPro made money including my excuse with Dexcom. After sharing some key trial data for one of its products, JP Morgan's healthcare conference earlier today, I'm talking the latest with the CEO then coaches across the NFL got the chop today. Some warranted some not reveal how this compares to the stock market how to help you make money with your portfolio in order to cause rapid fire tonight just the lightning round. So stay with Kramer. 31:13 The last couple of months have just been brutal for expensive stocks, net goods even the best ones like Tex con, the maker of continuous blood sugar monitors that have transformed the way people manage diabetes. Now this has been one of the best growth stocks of the past five years is those who watch this show knows running not running from under $60 the end of 2017 Were we featured even lower, believe it or not $659 last November. But thanks to that mandated growth Apocalypse that sounds punch 240 $6 change. Now today the company presents the big JP Morgan healthcare conference, how are they reported fourth quarter sales results are basically in line with estimates also issue conservative guidance for 2022. Now you know me I have often said this company promises to under the under promise and over deliver but Wall Street's not inclined to take any chances and therefore the stock tumbled about 2%. Today that was down much more than that rallied nicely close. So could this be the Buying Opportunity? Or do we need remain kosher? Let's check in with Kevin sereis, the Chairman and CEO of Dex con to get a better sense of where his company's headed. Mr. Sarah, welcome back to Mad Money. Good to be on Jim. Okay, so I've got to tell you, it's a little bit of a letdown Kevin, when I read what the standard of care is here. And even after all that you've done, the standard of care remains the finger stick? 32:31 Well, by many people it is Jim, I think we've shifted that largely in the insulin using community. But in the non intensive insulin space, we still have a ways to go. 32:41 Well, that's important. That's important because you talk about access and awareness. Obviously, I know people say Well listen, I see their commercials at 530 on CNBC, and I come back and I say, because I do some work with some other health issues. The awareness always shot, the lack of awareness always shocks you, when you see a great product that is not yet in the marketplace. Well, no, 33:04 no, and it happens all the time. You know, I think I've told a couple of stories. I have a bunch of friends of my fantasy football league, and somebody went and saw somebody wearing a Dexcom. And they told him the story they had to go through to get it because their doctor didn't know who we were. And it happens all the time. Jim, we've got to get that message out further and further. And then we can can drive more access to the product for reimbursement perspective as well. 33:29 Well, how do you get against to understand that it could be good for all kinds of diabetes. 33:34 We've done a lot of things we have a study, we talked about the mobile study, where we use the product on people on basal insulin only saw the same results we've seen on those and intensive insulin management. We've seen our type two studies over and over again, show massive reductions one of our companies work with well, Doc, I referred to the study this morning. For people who had an average average glucose value above 180. They put them on Dexcom for 24 weeks, and the average reduction in the average glucose value was 54 points. No drug can do that. That's a tremendous win for us. And it's it's creating a body of data is getting some people to take some chances and pay for it. Jim, we're just trying to push all the buttons to get there. 34:19 Now when I saw you last, which is of course before COVID, I thought that the size of the the actual product was was pretty small. The new one the seven 60% reduction, from what I saw with you last 34:33 60% reduction from the G six it's a little bit bigger than a nickel, little smaller than a quarter a little bit thicker. You don't even know you have it on your body. And again, that will open up doors because people look at that say I can do that. That's not that big of a deal. And we're very excited about this. 34:49 We know how is it possible that this epidemic seems to be accelerating? When we have when we do have awareness of diabetes itself? What is happening that this thing is Still exploding. 35:02 It's just lifestyle and a buildup of poor habits over a number of years, a lot of its genetics to, in all honesty, I meet people who just have this history of diabetes and type two diabetes in their family. And it just doesn't doesn't go away. But I think where we can make a big impact is this is exploding by giving people the information when they first get diagnosed, and they first start treating this saying, look, here's what you need to do to keep this from getting worse. That's where we can have a big, big impact in the future. 35:34 But I wanted a thought with COVID, where it's very clear that I keep hearing all of us have heard for the first time, comorbidity most of us did not know that word, comorbidity, diabetes, comorbidity diabetes, you would think that people would say, Okay, well, maybe I have to change my lifestyle. And because I can't afford to have this disease, and then contract COVID? 35:55 Well, you know that that is one aspect, I think, for us the comorbidity in the COVID environment has been to use in the hospital, because the hospitalized number of patients with diabetes, particularly type two diabetes, has been very big. And that gave us a window to get our product into the hospital and start gathering data. We're now running a pivotal study in that hospital scenario to whereby we hopefully can get our G six into the hospital and make patients and caregivers lives much better for everybody, not just these places where we've gotten a you know, the exception and the ability to go in. 36:29 And one last question. I was surprised at how lacking in penetration you are internationally. So that anyone who says Well, look, this thing's tapped out. It's not that depth domestically. But internationally, it's kind of yet really haven't started yet. 36:42 No, we haven't. Jim, we've, you know, if I go back five years, we had three employees overseas, we've grown a $500 million business internationally. And it's not enough. We have to build infrastructure over there. We've got the right products coming over there with our Dexcom one product that we're launching, G seven will launch first in the international markets, we're very much looking forward to that. And we've made it much easier for international patients and physicians to get onto the system and we need to keep pushing there. It is a very, very key strategic pillar in our in our future growth. 37:16 Well look, congratulations on all your success, the stock price does not reflect all all the good things that you're doing. But obviously the market doesn't like this kind of stock right now. But that's we've seen you and I've seen that many times in the past. You buy it when they don't like it, like but great presentation today. Thank you. Hey, thank you. Okay. And fantasy football didn't even get to talk about weather where he where he did, but probably did better like industry. Kevin Sarah chairman, CEO of Dexcom guys, he historically has given conservative guidance to don't freak out that the stock was down on what was a great presentation and monies back in. Just chill, chill. masterkey The Chill man is in the house. He's happy. The lightning 38:02 round is coming up when Mad Money returns. 38:12 It is time and then the lightning round is over. Are you ready? See dad gotta let him Let him talk with Jay in Arizona. Jay. Hi, 38:28 Jimmy, chill. Are you doing? 38:29 I'm doing well. How about you? Great. 38:31 I have a stock I've had for a while. It's at the end of phase three. And it's at the bottom of the scale. I want to know like to know where it's going. Then the stock is called zero v ru 38:46 versus eight three PR are important breast cancer indication that I believe was you know, they just got Fast Track designation by the FDA this morning. It's five bucks. It made no sense at this time that you asked me I put it up on the news. How about we got a mark in North Carolina Mark. 39:01 Hey, Mr. Kramer, Mark. Cool. Of course. I'd like to ask ask you a question about Neo ticker symbol nio no 39:12 not recommending that not recommend and Chinese stocks in particular go like that stock. I just feel like there are people want to speculate all the time on China that this is a different kind of China than what we're used to is a communist country. That does not seem to favor capitalist development any more. Let's go to rollin in Virginia rolling. 39:33 Hey, thank you, Jim. Thanks. Take my call. Oh, you suck I'm interested in is a Southeast Asia Super App has got over 670 million users currently. ticker symbol grab gr AB 39:46 Yeah, we thought that was interesting. When we looked at it. We like it. I mean, it literally is just got more much more than just Uber. You know, it's a delivery. It's got everything. It's a foods more. I liked. I liked it. We liked it. When we looked at it. Let's go to that. Green New York please Zachary 40:02 Hi Jim Happy New Years to you. Oh yeah of course 40:08 I'm curious your take on the stock International Paper and on the cheap stock but always a cheap stock and I don't want to stock it's always a cheap stock. I want to stock that moves higher. Let's go to John Indiana John Paul matter of the closing bell. How are you ma'am? Thank you very much. Almost What's up, Mark global holding what's your take my friend. I got to relook at it. Because this is involving smartphones and smartphones are under pressure here. And that lady jovens inclusion of the 40:45 lightning round is sponsored by TD Ameritrade coming up, inspiring season for NFL head coaches, which stocks should be on the chopping block of your portfolio. Kramer has more next. Tomorrow kick off the trading day was squawk on the street. I'm from post nine at the NYSC 41:16 is too early. David months it goes back years car I think that Strauss Zelnick changed the whole narrative in terms of whether it was totally devising. We used to get of course, during Zynga as tough as yours. They were right by the way because the stock kept going down and we would always have a joke here is 41:34 it all starts at 9am Eastern 41:44 Wow, that really came from this morning, didn't they? Don't be the ones that aren't there yet, regardless of whether they might be building something big. Talking about stocks and talk about the Miami Dolphins booted Brian Forrest bears Firebat Nagy, the Vikings cut loose, Mike Zimmer, and the Broncos dumped Vic Fangio within minutes of losing to the Kansas City Chiefs. Now this is a time honored tradition, the football coaches who disappoint their owners. Face Black Monday, the name of the day if the season ends, and the organization blows out the losers. I bring this up because it's very reminiscent what's happening in the stock market, where so many formerly big names have been purged. While there are some true losers who deserve the boot. Many of the coaches who created winning teams didn't deserve be fired. Maybe the teams are worth picking up and the coach was the problem. Maybe the owners were impatient and a more patient ownership would have kept things together. That's how I look at some of the stocks that I tossed out today, especially earlier in the day with this readout big, just like many stocks that got hit this morning. I believe some of these firing coaches were actual winners. Others were building some installers hadn't go. My feeling has always been that if you that if you want to be a dispassionate stock picker, you need to leave the stock universe to find a new perspective on your portfolio. So let's consider this football coach fire he says a learning list started with Mike Zimmer from the Vikings. Zimmer coach the Vikings for eight years and they disappointed multiple occasions, they only made the past three times. I think Zimmer's analogous to the kind of stock that's been losing for a long time, and probably should have been kicked out of your portfolio ages ago. If you own a stock has been a serial underperform with no hope of making money. Like a lot of these biotech stocks, frankly, that sucks to be sold. They're the coaches, the bears the Broncos after just three seasons each. I'm not sure they that you had enough time to consider the merits of these fires. But ask yourself if you're looking at a stock that hasn't lived for three years, would you buy it now? Would you bet on the Broncos the bears to win just because they've been written off? I don't think so. The possibility that teams might do a lot better without these coaches. Well, I don't know. They don't have a lot of talent pretty slim. But then there's Brian Flores. The coach was truly turning his team around for is it 24 25% 24 and 25 record but the last two seasons were winning once I liked that I'd be glad to be the head coach to the dolphins as they have come from laughingstock genuine contenders. Floors got fired anyway, you want to find stocks, like the dolphins who fired floors, okay, because floors may be because the team may be on the club. Now you might say who needs these teams when I come by Bella check and the Patriots were reading the chiefs. The answer is that unlike the Sox I've been talking about those stocks have not been obliterated. These teams that fired their coaches, they're cheap. The good ones rarely give you an enticing entry point. You don't want to pay up the good merchandise when you can find other good merchandise, but at a better price when the theme of tonight's show is price matters. That's why we like the stocks that are similar to the Miami Dolphins once they have the right trajectory but still get tossed out to to the impatience of sellers. It reminds me of more of Dell Technologies. It just started getting great isn't the beginning of the turnaround. But the portfolio managers got impatient with that with his brief downturn from the 90s. So they acted impulsively and booted as if it were a bad company, not a one that stock. You don't want to feel similar to a stock I talked about earlier in the show Uber, a turnaround story. It's starting to get more credit, but it stock got flushed late this year. So think about coaches rightly and wrongly fire today. You've got true losers that need to be sold in your portfolio. You've got ones they're doing okay, not really improving. Too tough to own this kind of dancer maybe. But if you get a chance to pick up an improving team, that's all set for you to buy because it got sold out prematurely. One with a winning record the sales earnings, that might be the merchandise worth by, I like to say there's always a bull market summer. I promise. Try to find it just for you right here. Oh, Mad Money. I'm Jim Cramer. See you tomorrow.