MAD MONEY 文字起こし07JUL21

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MAD MONEYを聴きながら合わせてこのnoteをみれば、様々な州の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！

窶皿ad Money w/ Jim Cramer: Mad Money w/Jim Cramer 07/07/21 on Apple Podcasts

0:46
Hey, Craig, welcome to Mad Money. Welcome to America. I've been wondering friends, I'm just trying to make some money. My job is not just to entertain, but to educate and teach. So call me one 800 743 CVC or tweet me at Jim Cramer with the first half of 2021 in the rearview mirror. What are the major trends that define the last six months? And can they tell us anything about the next six months so we can make some money off them after day where the Dow gain 104 points sbbs point three 4% new record and NASDAQ edged up point oh 1% nothing to record. I see a lot to like in the second half. However, I recognize that there's some real negatives here breath is bad. Treasuries seem to be signaling some sort of slowdown with yields falling ridiculously low levels. I mean, that's why tech keep soaring because those are the type of growth stocks that thrive when the economy cools off. But those are not major themes. They're just the kind of daily repertory that makes you little to no money. It's not why you come here. We want longer term trends that we can return to time and time again to make money. Tonight I've got several of them seven tectonic shift diff punish shifts, tectonic shifts for seven seven, which happens to be July 7 777. I thought it was cool. Alright, anyway, first, this is one that doesn't get enough attention to David Faber and I talk about constantly, we can't believe no one thinks about it. That's an outfit called engine number one not he ever heard of them before this. They nominated three members for Exxon Mobil's Board of Directors, their weights a proxy fight against management and the premise that the world's biggest oil company wasn't doing enough to protect the environment. And they won the whole battle it cost him 12 million. JOHN D must be rolling over in his grave. The engine number one, when was a major wake up call to anyone who thinks you can safely ignore environmental, social and corporate governance, focus investing. That's ESG for sure. To me, it says if you're destroying the environment, we're coming for you be prepared for challenge. If these guys could spend just $12 million to win three board seats at the most storied Oil Company of all time, you better believe their strategy will be repeated, especially since it looks like the index funds sided against management. second theme that's let's build the West, the hybrid workplace. And one of the most surprising aspects of the pandemic was the ease with which businesses embrace not coming into the central office five days a week, what starters, emergency measures now become commonplace. Even as the world goes back to home, many people continue to work from home. Nobody saw this coming. Don't come when you did home and retail sales have spiked as people spent their stimulus money setting up home offices in the suburbs, while buying entirely new sets of clothes. They moved to the country. Some banks are insisting that people come into install sense of teamwork. But it looks like the majority of large enterprises have accepted that hybrid work is here to stay. They didn't twist their arm very long. Now that has caused a boom of so many things, housing cars, it's a major reason why inflation spiked over this year. Fortunately, fed chief Jay pal obviously understands that the spike in demand caused by the transition to hybrid work is temporary once role transition. So there's no need to raise interest rates because of that, by the way. Where's it? Where's Jay worden?

3:57
Third, disturbing. The Chinese government has taken a hard turn since President Biden was elected. They're clear. They're clearly going forward in China. President Xi seems to be testing us almost daily, doesn't he? Most recently, with the huge losses he mandated was about privacy. He mandated losses after the DD IP mandate. I always asked CEOs worldwide companies what's the biggest worry increasingly they're afraid China will make some kind of push for Taiwan. Now, this case the center of world war three, these are government's tacitly committed to protecting Taiwan's autonomy. Is that likely? Probably not. But the risk is much higher than at any time in decades. I think she will squeeze Taiwan until it breaks his way. I actually don't know how he's going to do it. But I know he's going to try for theme while oil tastes and deserve a break here. I think we're gonna begin to hear a lot about $100 crude Why? Because in the first half, we got a new anti fossil fueled White House that caused oil companies to rethink their plans. They're much less eager to drill justified misspeak business. Meanwhile, demand is soaring. None This matter if Saudi Arabia won't, it would boost production or at least get an OPEC agreement but they're enjoying these higher places. Prices way look without renewed production both here and abroad. The oil producers in the Permian Basin should see their stock shoot higher crude is about the only commodity that hasn't rolled over. I just don't see how I can right now. So Devin, Chevron pioneer natural resources, those your three they are investable. 50, we have way too many overpriced IPOs we're fairytale land now mountain like it really is just the.com period, it's 1399 2000 where companies come publicly ridiculous high levels, because there's a ton of demand and we had no idea how to value them because the the venture capitalists keep bidding, bidding up and they're not gonna let the deal come below or they just paid and that means insiders can just tell the underwriters here's the price. I saw this happen at the street calm in 1999. Radical overvalued valuation by the big investors who examined the cops thought the cup is worth a fortune. I fought the billion dollar opening hammer and tongs. We don't want an overpriced overheated IPO market. Too many needless deals. It's like anything can go public. Hey, why don't we take public buy coffee cart guy Maqsood, where every day is Friday, it's right across the street and exchange. No Deal is too small. It's ridiculous. And it always ends badly when this much merchandise is created this rapidly. With insider selling coming up six months from now and will be just a monstrous and notorious pace once insiders can sell it is going to get ugly. Theme number six ransomware attacks have gotten so out of control that we hear about them constantly. How about the ones that haven't happened? How about the small businesses they're targeting? I'm not kidding. They're targeting small and medium sized businesses. I notice we have a bunch of cybersecurity companies that are very good at stopping threats. Think CrowdStrike Hey, this new Sentinel one, aka z scalar Palo Alto Networks, most businesses have dramatically under spent on cybersecurity. Many haven't updated the system at ages. It's embarrassing childsplay for hackers to break into them, especially when they've got state sponsors in Russia or China. We need to be able to play offense which is the best defense just as deep inside. That's a privately held out but we don't last week the guarantees you won't get hacked. And it's all about playing offense. Right now. We're all waiting for the next big hack. The Equifax target of our era hasn't happened yet. But I think it's just a matter of time, especially now that cryptocurrencies allow digital ransoms to be paid with hardly a trace. I don't like the criminal aspects of crypto, I've railed on that. And I worry about the stability of the crypto ecosystem, which is under attack from China and has a weak link in the form of tether the third largest cryptocurrency backed by question resources. We need to see what kind of commercial paper tether rose I don't know a bond guy who has sold them paper in this country. Do you let me know on Twitter, call me a terror skeptic. Finally, there are the meme stocks. I used to think that it was decent name for the game. These traders are playing back when it was just AMC GameStop at the end of January. Oh those were huge successes still are and both stocks are now basically controlled by the Reddit contingent. I think it's fine if these people want to bankroll AMC GameStop by bidding up their stock slot in the company to sell shares incredibly elevated prices, AMC is taking a breakout, but that doesn't make them good investments. As we saw when both stocks got obliterated today, I marvel at the craziness of what's happened to the stock of say new egg new egg commerce, a Chinese direct seller of home computer parts among other things, which rallied 148% Today on 75 million shares on a change in how we can assemble PCs to customers who design them 148% means there's the latest mean stocks feel like a game of musical chairs where people trade 10s of millions of shares in stocks with very small floats. They these are just one day games where the original traders bag the stocks then dump the stocks, otherwise known as bgl. Bag them, they got them and they liquidate them. They're playing bgl. I'm going to examine all this from foul play. I wish this is you and join me. Bottom line. There are seven themes for the seven days, seven days of the seventh month. I think you'll have staying power, which means they can be relied upon to make you money either on the long or short side. Now that we've entered the second half of 2021 Jimmy Joe wants to take questions. Seth in Texas, Seth. Hey, how's it going? Jim? Chef, it's never been better, frankly. How about you?

9:09
Oh, fantastic. deserve sir. So really quickly Pinterest. I feel like there's multiple x potential with only 26 cents per average user compared to Facebook and $32 in the United States. What do you think long term and short?

9:21
I think that it's very hard to knock the stock down because we know that Microsoft apparently was interested in buying them. I don't think that Ben Silbermann wants to sell I think it is a good it's a kind gentle site, like next door. And I like the stock it was undervalued for a very long time. Can we get a bow who probably knows in Florida? Oh.

9:43
Jimmy, thank you for everything you do with actual ertz Plus, on retainer, my friend, my friend. Thank

9:48
you, buddy. You know, I'm driving. I'm going crazy working on that thing. Let's go.

9:54
My question today is about Schlumberger with oil at $75 per barrel airline In bookings are above pre pandemic levels production remains at 5.8 million barrels per day below pre pandemic levels. And with the reopened economy as far as summer travel coming back, hurricane season and holiday travel right behind that with its strong balance sheet, and its recent 15% dip from a ties would this be a buying opportunity for slumber j

10:23
I'm gonna fire three different analysts who covered and hire you. I have to tell you that I think this guy is doing a real good job. I think they've really gotten together. I am surprised how well they've got it together and I share with you general enthusiasm for slumber j which is still the best in the industry. No offense Halliburton, you know, I love you. Alright, on the seventh day of the seventh month, I'm giving you seven investable themes for the rest of 2021. What made tonight last year millennials top baby boomers for the first time is new car buyers. Do you know that those windows were nearly twice as likely to shop for and buy a vehicle entirely online. So that's why we're going to sit down with the CEO of parvana. Notice it's bought to find out if the trend could then how much longer could the market keep climbing I'm going to take let's go up the charts. Take the temperature of the averages. And it's David versus Goliath when it comes to the trade desk versus Google or find out how the former could come out on top when I sit down with following the watch of its latest platform. So stay with Kramer.

11:29
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 get an edge invest like a pro access CNBC live streams around the globe unparalleled access to CNBC experts actionable investor insight and ideas start your free trial today@cnbc.com slash Pro.

12:16
Couple weeks ago I highlighted a pair of dueling analysts reports about the stock of carvana. That's the web base us core retail it's been an incredible long term before one of the best there is came probably 15 a little over four years ago. It's now $315. Even though carvana has been a longtime Kramer fav we momentarily sided with the bear channels that had nothing to do with the company itself, which is tremendous. And everything to do with the possibility of difficult comparisons the second half, not to mention the fact that stocks had huge run. I'm also concerned about what happens to the used car market once the automakers ramp up production. But given this company's incredible track record, I want to give them a chance to tell me why I'm wrong. So let's check in with Ernie Garcia, the third the co founder, Chairman, CEO of carvana get a better sense of where his company's headed Mr. Garcia, welcome back to man money. Thank you. Thanks for having us. Okay, so Ernie, why should I not be worried at the second half of the year when we know that people can go back to meeting people? I don't need necessarily to do it automatically. They can meet people because we've got the pandemic under control. And perhaps car companies can produce more cars, which might reduce the value of used cars. And everybody's moved to us to move. So maybe everyone's already bought their cars. Sure. Well,

13:29
I think there's a lot going on there. I think there's been a lot going on and macro economy over the last, you know, two years give or take, I think to us we focus on is, is our customers and focus on ourselves. And I think if you look back to you know, q1 of 2019 versus q1 of 2021, the auto industry is a really similar spot. From a macroeconomic perspective, we had a pandemic, and then we had stimulus. And then we had, you know, vaccination rates and more stimulus. And we've had supply constraints that all these things that have happened. But the industry is flat, you know, if you look at 2019, q1 of 2021 q q1, the industry in general is flat. If you look at carvana, you know, we've grown by two and a half times we've grown our GPU by 12 $100. We've levered up by 600 basis points. So I think you know, what we do is we focus on our customers. And by doing that, we think that we're well served in the long haul and will continue to do that. And we all think the macroeconomic environment right now at least is is great. But But in the end, you know, all that matters is the quality of experience you deliver to your customers, your unit economics compared to your competitors, and then how good a job you do executing every day when you come in.

14:26
Okay, so Ernie, let me understand your business model. I told you that I bought a car and returned it. I don't know how much that cost you but the goodwill that you bought from me is huge. I have to feel like you can let overpay a little bit from dealers because you have a goodwill model. But I haven't been able to figure out how you've improved the gross profit per unit and a goodwill model.

14:52
Sure, well, I mean, I think it's it's a lot of hard work over a lot of time from a lot of great people inside the company. So you know, we're pretty deeply vertically integrated company. When you buy a car from us, it's a car that we bought, probably these days from another customer. It's a car that we've put $1,000 of parts and labor into to certify and bring it up to our standards car that we're going to deliver to you ourselves, you're going to probably get financing through us, which we provide using our own services. And so because we're doing so much of the work, there's just fewer players in between. and it puts us in a spot where we can invest in low prices, but also invest in a great experience for our customers.

15:23
But you do admit that in times, you do overpay a little bit versus a dealer when you buy a car.

15:30
Well, so I mean, I think listen to any company can make mistakes here or there. But I think it all comes out in the averages. So I think there's very clear ways to, to see that inside of our financial reporting. If you look at our wholesale profit per wholesale vehicle, that's when we buy a car from a customer and then we go sell it at auction, instead of selling it retail, we report our profits are on those cars. And on average, they're they're very good. And they've been improving year over year. So I think your team does a great job with that as well, because we have access to so much visibility of so many consumer facing transactions, you We put a lot of effort into being really smart about how we value cars and paying the right price. And then you know, because we have that simplified model, we pick up the car from you, and then we sell it directly to other customers if we can or go sell it wholesale. If it doesn't meet our standards, there's a lot of costs removed from the system. And so we can give you a great offer and still make money ourselves.

16:15
Alright, so Ernie, look, you're you're looking to add 1500 workers, if you're debuting in the fortune 500 gratulations, the third fastest growing company ever to get into fortune 500. How do you find 1500 workers they mean that is in this environment is impossible to find the people you need.

16:33
I think I think finding great people is always hard. But I think if you've got a company that has a real mission, that's fun to work out that's lucky enough to be enjoying a little bit of success. It's a pretty exciting prospect for a lot of people. And we put a lot of effort into making that prospect exciting. You know, we've recently gone to $15 minimum wage, we put a lot of effort into our career pathing you inside our inspection centers that you brought up 80% of people in the line lead position were promoted from within the company. So we've got a really nice offering for different people across all the different operational functions to come in and work in carvanha and be a part of what we're building.

17:06
Okay, so I see lithia Motors every week, they seem to buy another dealership or two dealerships. They claim that they're well known. They're nice guys, but they they think that they can take you on? Is there room for lithia and carvanha. And room, let's throw them in.

17:23
Like, you know, there's, it's a big market, it's a big market with 40 million transactions. And last quarter, we're a little bit less than 1% of it. Yeah, that said, we've got big eyes, we think we've got the best customer experience out there. We think we've got the the best business model and the most scalable business model. And so, you know, we're focused on growing really fast, you know, through all the different channels that we discussed earlier. And, and we're focused on our customers, and we're focused on us. And we think that that'll serve us well, in the long run.

17:47
Oh, one last question. Let's just say that you want to continue to grow the way you are growing. Can you make Can you be profitable, say in two years, despite, in other words, your growth is astounding, but your gross profit would indicate that you might be profitable in 2023.

18:06
So I think we've made a ton of progress. And as you said, prior to the pandemic, we drew a triple digit rates every single year and every single year we also levered even on margin, we grew gross profit per unit. And we've continued that. And so you know, we're continuing to grow really quickly. We're continuing to grow gross profit per unit, your last quarter, we had negative 1.3% EBIT margin, which is a huge improvement over 600 basis points from just two years prior. So I think if we keep serving our customers well, and we keep kind of benefiting from scale and all the work that was putting into it. Our prospects are very bright.

18:37
It sure does seem that's the case. That's Ernie Garcia, co founder, Chairman, CEO of carvanha. Once you Congratulations on fortune 500, this third fastest grower to get in. That is terrific. Those are perfect numbers. Great to see you, sir. Thank you. Thank you. Look, I mean, look, it is just it's a good competition. And the short sellers really did get this one wrong. They're running good business, and they're going to start making money. Money's back in

19:03
hope springs eternal. But in the dog days of summer, the mixes in go off the charts with grammar and face down the fear index. Next. Cutting Edge invest like a pro access CNBC live streams around the globe, unparalleled access to CNBC experts actionable investor insight and ideas. start your free trial today@cnbc.com slash Pro.

19:38
Here's rich keep asking. I listened to you and you say how much longer can this market keep climbing? s&p 501 Stop flirting with new highs, bond yields plummeting signals a surprising lack of competent economy right and it's not just foreign buying. When when the benchmark 10 year Treasury pays you just 1.32% that may be the bond markets way of telling you business might be weaker ahead For the stock market, it's got horrible breath. Like mass breath, meaning not many groups are working out no amount of Western listening can can make a better bad breath often comes before a sell off. Plus the volatility index, also known as the fear gauge had an insane spike yesterday, we're pulling back near the end of the session, as the market rebounded from its lows, that tells you the people are getting worried. So now we got to ask what could drag this down? Well, maybe it's the stimulus one, maybe two deterioration of our governance relationship with China, we can easily spiral into another intense trade war, or possibly worse, if something insane happens in the Strait of Taiwan. There's been a huge military buildup in China, nothing would surprise me, given their Supreme Leader increasingly seems to be taking a cue from Joseph Stalin. Although even Stalin was crazy enough to start world war three, and an invasion of Taiwan could do just that. I mean, look, these are legitimate concerns people, lots of reasons to wonder if the bomb might be on its last legs. So what do we have to do tonight? We're going to take the temperature of this market. Yep, we're going off the charts for the help of Mark Sebastian, man, this guy's been real race breed technician. So the coat He is the founder of option pit calm, as well as my colleague, real money.com our blog. Now Mark has a great track record, both for us on the show and of course, his professional career as our resident volatility expert. He's gotten it very right right now. He's got a simple message. Jimmy chill, this market can rally for much longer than you think. Why? Okay, what is the saying this is really an emotionally positive. Okay. Remember that the CBOE volatility index, the VIX for short, has a strong inverse correlation with the stock market. When the average go up, the VIX tends to go down and vice versa. When they both go in the same direction. That means stocks are about to change trajectory. Remember, we're always looking for a trajectory change. That's catalyst. And that's why we care about the fear gauge. It's why people got nervous about yesterday's VIX bike I know I did, even though the volatility index did exactly what it's supposed to do when the s&p 500 goes lower. Alright, so now let's look at the pictorials here. This is the VIX spike, okay. that we saw. This is a chart of the volatility This is over the last 18 months. Okay. If you're worried that the VIX is headed higher, and therefore the markets Nope, nope, we are. Sebastian says Hold your horses. Let me come over to this side. Because what you can see is that it's quite obvious that if you're worried about the VIX, well, you're not that smart. Last year when the pandemic got rolling in February, and we realized there was no going back the stock market crash. Now I'm going to go back to here, okay, like Vanna White of charts are, and the VIX soared into the stratosphere. Since then, no, Sebastian points out that the volatility index has been in a huge downtrend making consistently lower lows and lower highs while the stock market roared. That's correct. That's what should happen. That's rational, it's reasonable. Next, at the beginning of April, the VIX finally broke down below 20. Since then, that's been a powerful ceiling of resistance, okay. It's only managed to get above 20 on a whopping eight days during this period, and the longest has been able to hold about that level was during a three day stretch in May specially makes it clear that the volatility index isn't exactly it seemed to go higher, and still within the same downtrend that defined his trajectory for the last 15 months. reasonable. rational. He put out the crazy popular shoe. Let's zoom in on the action. the VIX jumped from 15 this is an accurate you can see two minutes from 15 to nearly 18 at its highs before pulling back to 1644. Close. But other than freaking out about the spike though Subash wants to put it in perspective. First off whenever we come off a long weekend. Did you know this the volatility index is pierces what's known as the weekend effect. Oil SQL that makes it rally about point 8%. On top of that the s&p 500 sold off yesterday morning, which is when the VIX jumped the most precisely what it's supposed to do. When the s&p recovered most of its losses, the VIX gave away most of its gains, reasonable, rational normal. So when we when we finally get a sustained self sufficiently, look at how the volatility index is moving in comparison to the market. So now I want you to check out this pair of daily charts. The first is the s&p 500 and then it's over the VIX, okay, so

24:09
when the market rises, and the VIX goes up along with it, that's usually means we're approaching a top surprising reliable single. Remember, they call it the fear gauge reason, when the fear keeps climbing, even stocks rally that tells you something is wrong. But what happens when the s&p jump to a new high in recent weeks? Well, look at this from June 22. to July 2, the s&p advanced 106 points. Was the fear gauge rising along with it. No, the VIX was going lower, just like it's supposed to when the market rallies over the same period the volatility index fell from 16.66 to 1507. Briefly giving you the 14th. In other words, the market accepted that rally there was no spike in fear. As long as the VIX goes down. When the SP goes up, Sebastian says that the rally is likely to continue that it's a strong one and there's no reason to panic about Yesterday is VIX spike, because it happened when the s&p was going down. We now we know what it looks like when the volatility index rises along with the market, because that's what happened in April. Okay? Just this right before the s&p got slammed. But that's not what we're seeing. Now you can see this thing goes up. And then that predicate that's it predicts the client. Sure, there are a lot of potential risks. But you know, I am so concerned about China actually kept me up last night. I'm concerned about that book because I'm worried about this Joe Stalin thing. I'm concerned about the signals to the bond market. There are all sorts of ways this market could be derailed. But the bottom line the charts is interpret by marks. Bashan suggested the s&p 500 is headed higher, that Jimi chills got to chill. And the negative trends I pointed out at the top of the show will be some of them shouldn't lead to anything too frightening. Yesterday showed us the VIX can give us out quick violent move higher when the market sells off. So there's some fear lurking but that fear vanishes when stocks go up for now Sebastian says that's what really matters. You only want to do I want to go to Cammy in Texas Cammy

26:07
UTM. I'm a longtime fan and sure appreciate all you do for us home gang. Thank you. Great. My stock question is a reopening play on Las Vegas. In abuse. This pullback is an opportunity to buy but the stock goes down another 4%. So want to know if I'm missing something or should I buy more stock symbol when?

26:27
Great question. Okay, my chapel trust bought more today? Why don't we find more? First of all, I think people don't understand the way this business works. Okay. This is a business that is connected to China. And right now China has another wave of illness. And China's kind of doing things that are making so that people are nervous about spending. Las Vegas is on fire. I say you buy off the Las Vegas and you buy this ahead of football season. We bought more the stock acts terribly. But that's okay. We think it's a good stock. I want to go to david in Michigan David. We are Cramer, Oracle of CNBC. Oh man, you're nice to say that hey Oracle's a big page. See that some three bucks. Okay. No, I didn't know. It's flying after that. Not great quarter good.

27:15
I opened a position in Caterpillar relying on a reopening infrastructure bill is set on 12% since I bought it and I don't see any good news. Is it a sell a holder?

27:26
No, no. That means what you had to do is just kind of separated from the from the infor bill. It is doing incredibly well. Bumblebee is doing Tripoli. I actually want to put the stock as a stock that is resting. I'd be a buyer, not a seller of the stock of caterpillar. Alright, look, I went to marks best yesterday because I was really worried. But that's right. And I was I wasn't Jimmy Jo. And he says no. The chart suggests that as long as the VIX falls when the s&p climbs, the rally is likely to continue. Hey, we got much more Mad Money, including my exclusive with trade desk. Hey, they're taking on Google. Could the company's approach to advertising be a winning strategy? I've got the CEO fresh off its latest launch. Plus so now now now he want to buy apple? I'll tell you how you what, you might have missed the bottom. And actually, who made you miss the bottom? It's a vindictive piece. Just kidding. In order to cause rapid fire in tonight's edition of the lightning round. So stay with Kramer.

28:38
What do we do with the COVID winners that sold off hard earlier this year, before rebounding like crazy in the last couple of months. Take the trade desk that's a Kramer fav technology company that helps businesses manage data driven digital advertising campaigns, and they are really good at streaming video. This stocks been a gigantic long term winner as advertising dollars continue to migrate from traditional channels to the Internet, and that's their strength. But in the first few months of 2021, the stock got cut in half as the world went back the wrong side to sell the trade desk. They didn't even ask questions. Now it doesn't help the big tech giants like Apple and Google Keep announcing new privacy features that will make it harder for advertisers to track your activity on the internet. However, thanks to the rotation back into fast growing tech stocks, that trade desk has come roaring back since its lows mid May like many other stocks. That includes By the way, though 1.4% gain today after the company announced a new digital media trading platform solimar which I think could be huge deal. Well there JB got a chance to speak with Jeff Green is the founder Chairman CEO of the trade desk. Take a look. Jeff, this is a huge day. Solomon solimar Why is it important?

29:51
solimar is really important because there's this really important moment that is happening right now for marketers around the world which is they're expected to do more with less and because As of the global pandemic, connected TV has just been on the rise. And so they need a new product to meet all of these new and changing issues that are facing them. And that's what this product is.

30:10
All right. Well, look, I think that we all know that Google is the king of advertising, both getting ads, but also reading ads. How can you a little company, Jeff, take Google on because that's what you're really doing?

30:23
Yeah. So we are taking on Google, I wouldn't call them the king. I think that's still I think the throne is still up for grabs. But the reason why they've done so well, is because they've monetized google.com and youtube.com. really well. We think that advertising is less about navigation, like Google calm and more about winning hearts and minds across a very competitive media landscape, which has hundreds 1000s of different properties, websites, apps in it. And so we just want to make certain that we're objective Lee deciding which ads and advertisers should use an objectivity is something that Google doesn't have, because they're trying to monetize their sites, okay,

30:58
before it gets the advertisers Tell me as a consumer, why I want sold more. And what is due for me that's better than before.

31:06
So right now, especially in connected TV, but also in journalism, also, in music, there's a tremendous amount of pressure on the internet for it to perform. And so what for me, so performed, meaning that you generate enough revenue to pay for the content that you're creating. And so as you have perhaps seen on connected TV, you used to only see somewhere between zero and two ads per break. And now you're seeing that start to go up. And so the vision that we have for the internet is to preserve the quid pro quo of the internet, where you see relevant ads in exchange for free content. And if you can make those relevant and leveraging data that is extremely sensitive to the consumer, then you can make it so that you are only showing two ads, three ads that are highly relevant, highly effective, and most importantly, that generates the revenue so that the consumer can keep getting the very best of TV and journalism and music. And then also those companies can stay in business. Without that happening, something falls apart.

32:06
But a bell went off in my head, when you said sensitive data, we are seeing hacks everywhere. Do I want my data exposed,

32:14
you definitely don't want your data exposed as it relates to anything that's personally identifiable, or anything that sensitive to you. Most people that are trying to sell you soda or chicken or whatever, are not interested in any of the personal sensitive data. They're much more interested in macro anonymized data so that they can make more informed decisions and just put relevant stuff in front of you. And that's what makes the internet work. And that's the sort of internet that we're trying to create for us. And for our kids, like

32:40
there's an old say that advertising, texting reaches half the people you want. But we don't know which half that goes away with so much.

32:51
That's exactly what solimar is after is trying to help right size, the insight and data for marketers so that they can leverage their data to make more informed decisions. But also for us to point in an obvious way at what's working and what isn't working. Let's let the machines make the decisions that they can make, which is effectively to run math. But let's especially empower the people that are doing the buying, so that they can provide relevant ads for people and they can be more effective, so that that flywheel spins faster. And the quid pro quo is preserved on the internet.

33:25
Let's talk about a gigantic company that has come to you and you have a great relationship with number one retailer in the world, not Amazon, Walmart, what are you doing for them?

33:33
So I think Walmart has had this institutional epiphany, which is that instead of leveraging its data simply to create a media business like many of the big tech companies have done, and they could easily do that, right, they instead decided to partner with us. And then we together would, would do what they call close the loop, which make it so that when you're showing ads at the very beginning of a process about any particular product, whether it's about soap, or about soda, or chocolate, anything it took to make it so that you can show the efficacy of that advertising spend at the end of the funnel when people buy it. So if you can close the loop between what's bought at a Walmart and what ads are shown, then what helps Walmart is that every product owner in the world is optimizing their media spend to sell more product at Walmart. They've been the first to trailblaze this new way of doing things and and really sustain the open Internet, but they will not be the last.

34:31
Okay now. I am very proud of the fact that I interviewed you very early and felt that you were David versus Goliath. I continue to believe that most people are sensitive though they're afraid to go against Google, but you're doing it now. You still have Wall Street pieces like this. The cookie lives for another day for in favor of Google then hear Davidson saying not the blowout some expected I mean, should we be worried that trade desk is biting off more than it shoe?

35:00
No, I don't think so. And the reason why is we are not trying to compete with Google at their own game. So they're, they're this big entity. And we're small and agile, the way that you compete with Google is not to go head to head. It is instead for us to join forces with hundreds 1000s 10s of 1000s of other companies who just want a competitive market. So instead of trying to control the market, we're trying to create a competitive one. And we want to empower lots of other people. We are not trying to disrupt advertising, we are trying to enable all of these companies who've been in the space for a long time, so that the landscape is competitive and sustainable

35:41
wellness question. I have big companies with a high dollar price to split. So the individuals, we all want your kids, one, everybody wants to be able to get them. And you did do a 10 for one split, which I think is what people should do. Why did you do that?

35:57
So it was honestly to make it more affordable for the average stock buyer. And so I like to believe deeply in empowering a more democratic market, whether that's the equities market, or the advertising market, and we just want more participants that's exactly what we

36:13
got handed to you because you're doing a lot of things that I think are bold and difficult and yet you do it with a smile and you do it with joy Jeff Greene, founder and CEO of the trade desk Thank

36:23
you so much. Appreciate it. Stick around man make a suggestion. I would stay with the lightning round is coming up next. And then the lightning round. Are you ready ski good ones go to Bobby. Bobby. Jimbo, Bobby from San Jose, good to have this gym owner and he

37:01
says he's got a great security component is doing incredibly well. I just kind of leave it out of the equation. That is my bad Matthew prints. I apologize videos show your dog in Oregon, where my where my daughter used to live dog. Again, I'm bullish, most advertising tech. What about ticker mg and a magnet that's kind of in this book. I'm going to say something to you. Jim is not the same. But Magnus is in the advertising solution business. And when it comes down to a solution, I'm going to send you to the trade desk. Okay. Scott, Minnesota Scott. Fetzer Kramer, we are. First off,

37:43
I'd like to thank you for your wisdom and your show. For us home investors. Thank you for the question as my show, which is why I look forward to each episode.

37:55
Episode is that we put together an episode every night. And how can I help you sir? I recently purchased an interest in this company on last week's pullback. That was another 5% flood today. Is there concern for blackberry? Okay, I went over the last quarter pretty closely. And you're they have a lot of patents. But it's not a great company. It's a meme stock at times, but I'm not going to tell you to sell it because the meme says you're going to get it going in and it's just not that bad. A company so I think you're okay, but there's no catalyst. Let's go to Brian in Pennsylvania, Brian. Hi, Jim.

38:35
Thanks for taking my call. Brian. I hear you what's up. I just want to say my son is a robin hood day trader and he

38:41
turned me on to your show over a year ago and I've been hooked ever since. I love that and I hope your son cleans up Robin Hood isn't democratizer and I love that

38:50
he's been doing good. Yeah, Jim I got a question. There's a stock that I started buying at the end of December after some ups and downs is up about 20% on my average cost now it's six months in with analyst price targets all over the place for this stock wanted to get your opinion. Should I sell hold or accumulate more of empty materials?

39:09
Okay, I've gone back and forth with with with tins keys to CEO and I am I mean, look, I wasn't happy with a lot of selling. I am happy with their business. I think the business raw materials is good. I hope they can move everything from China. I want you to stick with it. Okay. I do not want you to sell Npw materials. Rocky in California rocky for you, Jimmy chill. Talk What's going on?

39:37
I'm calling about an exciting medical company that's killing cancer cells and extending and saving lives of pancreatic cancer patients is relatively inexpensive and growing. It also is working on a COVID booster shot. What's your expert opinion on immunity bio I

39:53
bio is pure, pure spec but there is nothing wrong with that as well. long as you know it's back. I bless it the Jimmy Choo buses by and latest is the conclusion of

40:11
the lightning round is sponsored by TD Ameritrade coming up, pick the apple. Id Apple on the apple. Just don't trade the apple. Kramer goes Old Testament on cupertinos naysayers You are a

40:39
first time investor he for inspiring me to get in again. Your show is the best. I'm so glad you're on TV wants you to know that you have transformed me.

40:48
Thank you Cramer. Jim Cramer, you're one of my heroes. I look forward to your show every week night. Thank you so much for helping

40:58
beginning investors like me when you talk about the market. I just believe that you're spot on. Oh, I love it. Thank

41:04
you so much every night we want to I have learned and earned

41:22
everybody loves Apple again up here. The stocks have set a point away from its all time high yet now people can't get enough of the stock of apple. Where the heck were these bulls back when Apple was at 116 in early March. What was so wrong with it back then? Well, everything if you listen to the bears, or at least everything they could throw at the stock to keep regular people like you away from it. When you look back at what people were saying when the stock was nearly 30 points lower. Well, let's just say it's enlightening. Here's some sample headlines for important publications on March 8 that is the day Apple stock bottom. Listen to this. Apple falls toward three month Whoa, bear market now inside. Not exactly that stuff up. Now Apple is famous for muzzling its suppliers. The first rule of Apple club is don't talk about Apple club that makes it difficult to figure out how the company's doing because the suppliers give you nothing. Oh, but that doesn't stop the press from trying. Notice I didn't say lying, hence this headline from a Japanese publication. Apple slashes planned iPhone mini for first half the article is devastating. Listen, the US tech giant is cutting orders for all iPhones by about 20% preggers plans in December. According to sources familiar with the matter. piece goes on to say that Apple initially told suppliers they needed components to make 100 million units for the first half of the year. But then they cut back to 75 million units. The capital off with this line. Apple declined to come for the story. ominous that article appeared in UK Asia on March 10 when Apple's 119 I have no idea if it was right. But I do know these kinds of subpar storage notoriously inaccurate. They're always a major reason I always tell you to own the stock don't trade it because these terrifying headlines so often are just dead wrong. The most damning piece appeared in Barron's when Apple's Apple stock is 121 bucks. The title, Apple shares are lagging the market, why the stock could continue to underperform. Okay, so this one's saying it's going to continue to go down. I happen to be written by a very good writer of savants who had known for years. This piece kicks off with the sentence. Is there something wrong with apple? Wow. The premise of the story was historical, not as terrible historical. At the time, the stock was down more than 9% for the year and it lagged the s&p by almost 11%. Barron's went right to the most quoted and I'll start Apple 22nd. At from Bernstein. He told the reporter that Apple had outperform last year earnings grew but the stock rallied even more, and said that there are quote, no obvious factors such as new products that might drop this drive the stock higher in the immediate future. Wait a second. How about 5g with the wireless providers for all over each other to get this phone to consumers in order to win them over in the hotly competitive American market. And that seems pretty big to me. Finally, quoting Tony's research, the piece argues that Apple's valuation is still rich compared to where it's traded historically, and the company's up against some tough comparisons the second half for the iPad and the Mac. Here's the last line of the piece. sagging Aigis conclusion, there's no rush to buy apple. Now this savage article in a similar interview appeared on March 5, when the stock was at 121. Apple fell five points to 116 the next business day after this piece ran. It was the absolute bottom. Of course not everyone got this wrong. Dan Ives is born the stock and pushed it hard over at Wedbush Recommended just a couple days after the bottom 119 you made the very smart argument that salt made for a great entry point. But what matters what galls me is this. It was very hard to pull the trigger on Apple in March, when most of the experts were committed to scaring you away from it. Still one reminder that it's simply not worth trying to flit in and out of this great stock. Apple is a fantastic long term story. So forget about the commentary, and simply own the darn thing. I like to say there's always a bull market somewhere, and I promise to try to make to find it for you right here on Mad Money. I'm Jim Cramer. See you tomorrow. The news with Shepard Smith starts now.