Mad Money w/ Jim Cramer 11/13/24
42:34 Share

Cnbc has quick and easy to understand business news updates at the open midday and close every weekday. Markets, money and more from wall street to main street. I, C N B C, Jessica edger, follow and listen to C, C, business news updates wherever you get your pocket.

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They have money starts now. Hey, i'm cramer. Welcome the money.

Welcome to cramer. And people make friends. I'm just trying to make you money. My job, not this time, but that get teach. So call me one hundred three. But when you look back on this market in this year, this moment, we can see two things. First is a steady and yes, to be five hundred and then some moves that you like, but were really reality.

It's easy to just park your money in index fund is that that's the commercial ism and they did OK in forty be inching up point two cent now in. But I think you should own more than just an index fund because buying individual stocks with special characteristic is how you can make up some really serious games that includes often scorn specular socks. Far too often when we become sops, when we talk stocks, so many experts thinking of you venture past the index, you could fall off some sort of interest that makes any gains, no.

And why? It's as if the huge what the points you couldn't gain simply don't count. But that people is nonsense. No one in bag is ever going to say where to saying did you make those kids in covina? I mean, that is very you need to be those if you really buy car vana and become when should purchase ordination were forward?

The banks don't care where the province come from, people, and you should neither that I mentioned, you would have made a lot more money from carving carbon a than the much less specular situation I just mentioned. That's why I come to d to pray. Speculation here, I want A T, V, actually does please, and show you how well you could have done if you pick some high far for portfolio, and we held on them, hold them for the long ride, along with your project, precious index funds, tomato s including one for the other.

So tonight i'm going to tell the stories that dogs are relived, more than two hundred percent, twenty percent, the captain sation one band, because brand is something not enough time to go over all of the smaller ones, and because IT is so joyous to see people making so much money. Investing in new Young companies may be unit to think of that, I give you ten of going into ascending, or first less. I was tremendous, ed for wealth creation, including the outstanding gains from a rocket line.

As a soup do not space company, he has been up putting up a putz. R satellites. There were only exponentially over time. They just reported fifty five percent revenue growth with a dollar one point eight five billion door backlog.

Rocket lab, I got ask about this one all the top of that when you know that i'm calling accessable because you could listen to our cars and you went up, bought IT and today's wrong to do things. Up over two hundred and forty percent for the year. The second ball gainer in this group of just followed stocks is the most sale, and that's carbo group, which reported last night.

This casual died in change this party to be the mediation version of poli. It's up over two hundred and forty two percent of the year. cotting.

Today's point, five percent. One point was up so much more because the world were up. Eighteen percent was looking for top point.

The best thing about kova is this one was indeed accessible. Men of you have IT. They're and enjoyed right now. The stocks stashed a little thin, with each trust on the chain worth nearly forty eight million and way too expensive.

Ve, but who's to say to seventeen billion, our chain might not eventually make its way to propose these levels, which is over eighty billion dollars. Next we have, oh, l teer, the cybersecurity company events contractor that is headed to the cold status, cold stock status, like games, topics of words, good G O, Alice corp. Talk the big game and told the recent quarter when pounds, your sort on an amazing, amazing three months that verified his chest pounding and ratify the stocks run itself, took fifteen percent for the year.

Yes, stone Better than video. The big gains have come from revolutionary defense of public contracts that they could bring our stodgy military barcy more than the cyber d warfare era. By the way, these guys really excel one thing, definitely the the process highlighted industry back, not j pilots, a real company.

Here's an old line industry that makes custom engineer equipment rol electricity. The machine is primarily used by women gas companies, but lately pal become the supplier of choice for those who need critical electrical man's drifting data set applied up almost two hundred and fifty percent for the year. That's speaker data centers.

They consume this seemly and less, less electricity, don't say, which is why an india power production via is on the list of almost two thousand and nine percent for the year while the vast majority of its power generation caution fossil fuels. It's sixty percent natural guest one so cold. This just got nuclear power.

And it's making some big investments in renovations. Six monkey ana drop a single digits later year, I pound at the table saying the people love this slow Prices in general term policy, having bought a car for them, and then send IT back when my wife didn't like IT. No counting for tax people, carbon was in trouble.

But then they ve got big backing from the craters, allowing them to reduce the date and the rest of history. The stocks, three hundred and fifty three percent for the year, house of place. And again, I think he was getting, if you won't take some risk. I seventh, A S T space mobile, this company that i've got a lot of calls about the need a satellite maker that product deal with vice and agt IT has how smart phone connectivity while in gobs and gobs of money, it's a space stock in spaces love right now. Hence, why is up over three hundred and sixty two percent this year.

Next, if you want, the president wants to do a strategic picture reserve, he might work by stock in microstrip gy, which owns two hundred fifty, two thousand and hundred and twenty big coin at the end september, which of eleven point four per thousand and two. This was another company. Is that seem cockeye? Because he was in another IT was not as a business intelligence software company, there are many other aller companies have tried to mimic microstrip es vivid.

But why on a pretender when you can own the real thing, the one that's up really four hundred and twenty percent for the year? Not all these big specular winners are money. Losers take up love in, which helps software developers create apps while spin business for twelve years, and still like a love in first out.

No, doesn't reporting earnings important? Thirty four million dollars. I don't expect three or that's called A B IT has mobile analytics, an in house gaming division and it's got an AI power opposition platform, the parlier, but loves and that's how you get more than six hundred and twelve percent a year today.

That right, six hundred twa percent on the company really isn't all that specular. Finally, the best performer of views are crazy from nuclear power. You know that you heard all time.

Well, how about new scale it's built in. You are this ones on the come, so to speak, because it's losing a fortune developing the news of the future, so called small modular actors. Yet it's so beloved that I bet I can raise a ton of money once IT lens, a big hyper scale contract i'm calling on a long years.

Stax, what is up six hundred and fifty nine percent for the year? Now, people of mind, there are plenty of other names that i've had had great specular runs once something just came up. Guys, still a, we should get one of the hardest online platforms out here.

When i've been pushing all the way stocks S A two eighty percent, while loves is definitely in access, why who's going read IT was available to anyone who spends too much time on the internet, which is most of us. And here's a huge cabin i'm not endorse ing. These stocks appear given how much everybody run.

I am simply saying that specular stocks have a place in your portfolio. And all these were specular to one degree or another, except loving a small position. Anyone of these winters could have translate performance of a much larger chunk of money in the S.

P. Five hundred index from and therefore, I don't think it's nearly as ages. People bother to complain about the bottom line. Let's remember this list of frothy stocks and think of them the next time you're about to ignore a stock for being too speculated because these games are often the speculating wisely, which should be the key for trafic launch performance, of course, only when melted with index fines. Jerry and mizi, Jerry, my pleasure chair.

What's up? However, last time we talked IT was october the twenty fourth, and you are on an oil rig in the gulf of mexico. Yes, I was.

And I remember reginia gogin did not get sick at this while the chief felt great place, of course not who's like over here. He was on the oil rigg with me. Bit meant, puts them closing.

H looks fat as okay, great, let's go. Well, look, when anyone acknowledged you're onna all weit, i'm always going to think of Virginia. Okay, so I asked you about a beaten down solar energy stocks and he told me not to sell down there.

But now that we have a new president elect, its way down even further yeah under my interface or not you know it's weird the president act, the president luck actually like solar um but the market believes that that doesn't mean anything in all of the anything that china anything is got up may need. I say us subsidies is something you want to avoid. I think you ve got to hope for about thirty to be nine.

Go for bounce, but then go because IT just doesn't have the horses look specular stocks do have a place for for, for not. And with the right amount money allocated to them, the returns that a translate form of a much Better position in in s five hundred index plan. If I got individual stocks, I would certainly know one to spect in a situation I can all my money tight, fresh office invest day.

I'm hearing what maaster card is planned for the future with the C E. O, that with long way to invest sider a pair like really income this reason division four out of more than twenty five years, i'm serious worth watching that to pull back the company, stop Price and put the bell. I'm going to do the major tech way of my post turning is with the CEO didn't talk a run too much. Stay with C.

C, N, B, C has quick and easy to understand business news updates at the open midday and close every weekday markets, money and more from wall street to main street. I'm cnbc Jessica, adding a follow and listen to C, N, B, C business news updates .

wherever you get your podcasts.

Always keeping tabs in the big credit card companies because they had their finger on the pulse of the economy and not just our economy. The world take meh recovering supporters some quarter, a couple of.

So take mesh court held them invest for me, where they presented some long term plans from twenty, twenty five and twenty talk about revenue growth in the high end of low devil dies, which which I don't have a lot of like this company also of future where to get this, you can conduct credit card transactions online tippled biometric information like your fert or facial recognition rather need to manually end your car details every time. So I take a close to look with Michael. Me back.

He's the C. E. O. Of match card. Get a great where the company. Me back to my money.

Thanks for having me.

I'm very happy to be, well, torture about, we should go to how big you are, how many cards you have to get to the biometric. Because if that would make all of our lives so much either, let's start with the scale of this five hundred billion dollar that people don't know enough about, how many she's touch.

three point four billion master card payment credentials out there. We are talking billions at master card.

How many countries? Uh.

two hundred and twenty countries and territories. So basically around the world now, including china.

Now, when I looked at you at the numbers, I I keep thinking, well, isn't IT all tapped out? Doesn't everybody have a credit card that needs one? But then you've got some figures about what about cash and checks and they're still mind bogin how many people still in the stone age.

So we look at around the world now, it's it's, it's an uneven picture. We have highly digitized economies, but we also have growing economies. Think africa, think that america, think of asia.

Of course, in africa, ninety percent cash. But go to europe. S why am from italy, germany, significant amounts of cash, thirty, forty percent for the industry.

When you just look at art, new consumer to merge type of payments you pay in the store for good or service. IT took the industry multiple decades to card twenty three trillion dollars. And he would say that a lot to your question, does everybody have a car?

There's another eleven truly and out there. And that is with a growing economy. So the Price is always gonna grow.

But one other thing that is happening, which is a big opportunity for us, is there's all these emerging new business models post covet the delivery economy. There's a shared economy, there's the gigi economy, which turn what used to be one payment into multiple payments. Thank you.

Order food. So you order food in a restaurant. You pay with your cod, fantastic.

You order food online and have a delivered as three payments, at least to the korea, to the restaurant, to the APP at such a. So plenty of opportunity in terms of growth. Now.

I like the fact that there is an underpants travertine as you too is. I never think about government, health care, housing. Still, these are these are not digitized .

and not digitized in convenient ways. So you occasionally there is near to this check payments. There's not that much cash. There's a lot of check payments. But just imagine as easy as paying with your card tremendous potential as cost them more effective for the companies involved and for the consumers.

Now I think all of us can believe that we're still like in two thousand typing in our credit card number, which was trying to look and see what that is, the cbc and what why is IT that these are even relevant these days.

But he shouldn't, they should. Just today we made an announcement, and by twenty thirty, we want to a do away with one time passwords. We want to do away with key your a your hard number into an online side.

IT should be as simple as IT is in a store. What do you do? You tap is a highly secure payments tap.

You walk out with the good to services when you paid in a restaurant. Why doesn't work like that online while I can? The technologies there is called toga ization.

You basically take your card dentists, the long sixteen digit number and nobody can ever remember. And you put IT in a one time token, and that is provided by your bank to the merchant. And there you go, nothing to be putting in.

And the next step really is when you open your phone today, your biometrics are stored in the phone of you recognize your finger printer, your face or whatever. Why isn't that possible when you're on your brothers do the same thing? That's exactly what we pushing for. So goodbye to one time passwords. Hello to one click, check out of the biometrics .

authenticated realized that you are the forefront of cyber security and that's why a twenty thirty you actually have the to make that call. Most other companies do not have the cyber security that you have.

Yeah, it's been a very strong suit. I may we grew up the payment space, but the question was from the beginning, how is a master of payment and more secure payments to be built up whole of capabilities around fraud management of the thenk ating that is that really genes buying? Is that really Michael who's receiving the payment and so forth? Now went into device biomes ics.

How faster you typing is that could IT be you or is somebody else? Different pressure geolocation um information. There is many pieces of information that not personalized data point but h data points that can prove with high security that this payment should go through.

So we've been a force .

in cyber security. Now we've going beyond that and say, you look beyond the transaction, what a cyber security threats. So we are ready study come a very strategic partner for our customers, banks, large merchants, to talk about cycling ity. In general, you add up a whole part of our services business that's not pure payments. It's almost forty percent of .

our revenue today know that and that you are up. And I would also want to imagine you drop, drop that number about china, how big china become very quickly. I know russia out didn't even blink.

Numbers won't hurt at all. China additive lad remark, only nine percent of your world is light, but you could probably double that. Given the nature of those economies.

significant opportunity were truly global. Know we talk about the earlier two in the twenty countries and territories, tremendous potential in a geographies around the world. China, very unique for us as then we have a domestic license in china, which we had last year, and we're now building out the acceptance of payments that the chinese banks are issuing cards in china.

The unique difference here is for the chinese consumer, they used to have a call and only work in the country. They had a different card that used to work and abroad, going to be one t tremendous potential. And the chinese economy, you know, up and down and left, right, that is not so much our concern. We're in a tool into the hands of the chinese consumers and connecting in the change chinese economy to the rest of the world.

It's a nice driver. Now I will need you in the time of to settle that I have with my colleague, David favor and car, continue the morning. I continue to say that europe is much stronger than people realize.

We get that from amazon. I've got that from apple. I've got that from from back. And in there, thirty three percent of your business is europe, thirty four percent in north market. Tell me how strong your police.

So euro trust has been a tremendous growth story for a couple of reasons. First of all, europe was catching up on digitization ation or higher levels of digitization in the us. Um now europe es got caught up and that was really in the wake of covert is everybody learn new habits, that was the same here, but that was just the same over there.

But starting from behind now catching up. So that's a tremendous driver. Um the second a driver really is tremendous share gains for us.

So on the base, we have heavily invested in europe, in our infrastructure, in our technology and in product propositions. And that's on consumer consumer side as well as on uh the commercial payment side. So if you look at the U K.

Now, a third of the U. K. Debit card business is with master card. I was a very different picture five, six years ago. If you look at some of the big pan european banks, like only credit, no strategic partnership with which we announced doctor banks to T, G. Partnership with which we announced so been a tremendous story for us and where now a leader a in europe.

Well, I think you've got quite groth potential for many, many years. And I push to tell people executive growth, many doesn't want to do with the economy IT just happens to be these bigger trends that Michael back seat you of mastercards. Ri, thank you so much for come on in your very big game.

My thank jim, my back. C, N, C, exclusive home depot, C, E, O decor on the home, improving in street, the state of the economy and consumer spending trends stay ahead of the market. School box tomorrow, six A M D C N B C.

But very strange moment here that serves committed to cut in short term inter face, but long rate step at the bomb market sort, and that's holding back all sorts of stocks, especially the high yellers that most directly compete with bonds. Take real income corp, the real state investment trust that owns more than fifteen thousand properties.

Most retail focus is reads, famous verge, reliable monthly divided payments, which currently even more than five point five percent substance. Better than you get the pop over the stock will be a lot more entity of one range. We're going down rather than going up.

Don't forget these guys have different a rish really income rally, twenty percent in the third court, anticipation of that first rate cut from the fed, but as long rate of climbing lantz in october. Governments, the stain, crush, even matter that we reported very soil quarter early this week, even raising us for your forecast. So what do we do with this high quality divided stocks now that has pulled back from his house? Let's check in a sweet roy and he's the present in CEO of really income to have a Better sense of what time. Welcome back to my mind.

Thank you very much for .

having the gym. okay. So help me here. You know you're reporting great numbers. The dividend safe keeps being raised many, many years. We love the monthly dividend. We look at the stock and we presume that there must be something wrong. Could you please explain the people that IT has much more to do with with long rates and IT has with your portfolio?

Exactly right gim. Um the exogenous factors here is absolutely the tania treasury. Um even if you just look at what's happened over the last six, seven trading days, a post election results, um it's um it's it's trying to find where the settling out period is going to be.

And it's gone up about thirty, forty basic points uh, during that period, which obviously has an impact on our stock. You know the things that we can't control a like you said, trodden our ability to continue to perform regard dis of the volatility that we are experiencing. That's what this company is built on.

Um we are a highly diversified eighty billion plus enterprise value company that believes in in in distributing dividends. And we've done that since art listing in ninety four every year. And um I think these two will pass.

Um the market is trying to adjust. One of the policy is that uh will come through what are the priorities of this policy and what's going to be the inflation expectation, uh, longer term. And as soon as that happens, um I do believe that, that backdrop will be very conduced for us to continue to perform.

I have to believe that historical the relation between said the long term abn and you is such that if you bought IT when the stock broke down and this has happened twice to me with your company in the last decade, IT has always been the right thing to do. And i'm therefore pursuing, at least historically, IT would be the right thing to do IT again.

yeah, you're are absolutely right in a rising interest in environment, which is what we experience, you know from ninety six to to almost two thousand six in that time frame, the ten year was trading, not the five percent wasn't necessary rising interest rate environment. But IT was an elevated tania treasury. Um we continue to perform uh we grow our air proper share, which is a proxy for our earnings at a five percent level.

Then in an environment when you look at two thousand and eight, two to twenty twenty two, whether the ten year was something the in a slightly not two percent, we still continue to perform uh and and and generate earnings, not the five percent. So for us, it's not really where the treasury um the tenured treasury ends up. You're right.

In the short term, there's an inverse core relation is just one that volatility is out of the market and we have a stable backdrop to execute on transactions. Um that's what we are able to do. And so uh, like I said, uh, there's a bit of a feeling out process by the market to to absorb one of the policies that are going to dictate the next three to four years. And once that happens, um I think we'll be in a good place to continue to to be that neat .

least company of choice. So let's be sure that some people saying to me, jim, your west grayer, they've got a big decision, a ten position of gentle big with wall Green, big with dollar try. These are no longer the kinds of credit that you want. How do you respond to you .

know for me there are the headlines um and and we discussed this during our earnings call last week when they talk about six hundred got us uh wall Green stories closing down and the reality of the of the situation is we have thirteen wall Greens coming uh you know how these expirations this year and all of them uh were were not renewed. And so uh it's a similar story with with our family dollar situation.

Uh, in our history we've had more than one hundred leases renew and we've recaptured north of one hundred and six percent hundred and seven percent uh renewal spreads. And so you know the reality does not sort of match up with the headlines. IT is true that family draw ler as a brand uh is is going through some some growing pains.

And you know that was one of those uh um M A transactions that dollar ory did, which has been sort of come to pass. And but that two is going through a repositioning. And I think we we've touched on this before, uh, in your show, gm, you know we buy asset that we believe has A A slew of alternative tenants ready to come in.

And even in a situation where we do get back uh, assets, we are very confident in the our ability to reposition IT. And that's that's been the case on some of the family dollars um that that we've actually protectively approach family on and said, you know can we have those back? And uh because we've had a couple of uh, very large national retailers who want to accept into that position. And so uh, we feel very confident about our ability to continue to uh to produce results uh, regardless of some of these headlines that dominate um you know the news.

Well, I am so good you said that I have to me, is this an entirely ted to you? Very, very large. You get this kind of break to be able to buy your stock, which is a straight up stock.

I want to thank summer. Roy is the present CEO of really income letter o monthly, given different risk out for more than twenty five years. Their bodies backup the breakfast.

What do you make these results? We just got cco systems, the networking tighten with rapidly growing software poses for the past couple years. We waited patient for this good and turns up around as customers work through access hardware.

I think water during the pandemic ally this August, the couple shut the lies of thirty percent from the August lows through today's close. Thanks could point another very strong set of numbers for cent earning be off and eighty seven, seven bases higher than expected. Cells, even Better managed, give excEllent guides for the car and quarter.

In recent for a year forecasts, they have quick pop when the numbers came out, the stocks sell back down and look that we can control that. But this is going simply really too much going into the quarter, growing future of outside or maybe people are going just realized that is a very the source of chock. Robin is the chairman s of the systems of the quarter is to use lations strong .

corner A G M. Thanks for having me today. I'm really proud of what the teams have accomplished in you reference the strong finish to the quarter of the strong guide that we put out there.

We saw strong demand. We saw strong AI demand. So we're pretty pleased with where we ended up.

IT looks like that it's a recovery across the board in the enterprise, and even coco has gotten Better. How could we be getting all Better all around the globe, including, by the way, europe?

Yeah, so gym, if you look at the the product orders that we put up, this is excluding slunk just on the organic side, clearly, they are positive with spunk in there. But we saw europe and asia boats up in the teens. We saw the amErica is up in the single digits, but you have to Normalize that or if you Normalize our U S.

Federal, which was a little bit of drag given the continuing resolution and and the fiscal responsibility act, as we talked about on our call. I mean, overall orders were up mid to high teens, not withstanding us federal. So we saw strong demand everywhere else.

Image teco, which we saw return to positive strength. H, we saw some activity in europe. We saw activity in asia pacific. And then perhaps the most exciting area for us was our cloud customers. Those web scales, there were a triple digits year of a year and four, the top six were individually up triple digits year of a year. So we saw great baLance around the world and across.

I think it's poor to point out that matter. A is obviously a great customer and doing a ton of business and that I have ten to think that matter is probably baby ahead of everybody right now. Terms of money we're spending to do A I and to introduce new products. This has become a great costume views.

They are great customer. They came out and recently talked about their use of one of our products in their back in networks and well, let them explain the use cases as they see fit. But I think it's is indicative of what we're seeing with with this AI evolution.

We see the success we're having and that what's called the back in networks where these training models are running. We have both the infrastructure underneath the GPU. We're selling super spine infrastructure, which basically connects different clusters of AI.

And then we actually provide both systems and optics, which is really important. The optics are very important to actually connect that back in training network to the traditional cloud front network that actually serving the enterprise. And then there's tons of great stuff gone on the enterprise as well. So AI is really become or is really coming to life.

I do need to hear what are they doing with a shock. There's spending a lot of money. A lot of people who filter are overspending and they must be using IT cords are smart companies. They're not just throw money away.

Well, I think what they are doing is they're preparing for the access is going to come when the enterprise begins to build applications. We talked about what's happening with the enterprise customers today, and there's two things that we see happening as a result of AI. The first is they're upgrading their traditional technology infrastructure just to be ready.

I think the pandemic is an example caught me off guard. They weren't quite where they needed to be in this A I way. This coming.

They want to be ready. So they are upgrading other technology, which is what you saw with our enterprise performance. The second thing is many of them are beginning to deploy AI applications, which once they get to scale, that's gonna.

When I think the the the web scale in the cloud players who have been building out these train models, those enterprise applications will need to utilize both the data coming out of those models as well as capacity on the front into those cloud at ork. So these are smart customers, and I think there they see the long game here. And I think they see as the enterprise build out those applications.

they're monetized that further. I agree with that when I talk with these people are flying, they tell me, listen, if we don't spend, we're going to unbeliever demand and we're already they're they're batting on the demand, but they know what the demand is. They can see that in their point.

Now speak of something that I have wanted for a long time, description revenue, when we first started talking about in the thirties, in the forties, in the the fifty seven percent. This is fabulous growth margins to me. This of all the numbers that I thought tonight that would make me want to buy the stock in the ID sixties, IT would be this subscription revenue.

You know, jim, when I first took over, we said this was a journey we were going to go on. And I and we've made so much progress in really hard to get people's head around IT, but getting to fifty seven percent of our our revenue coming from recurring streams gives us more predictability. IT gives us more of our our outlook becomes clear to us, it's good for our shareholders because IT gives in more predictability.

And candidly, our customers are actually liking the consumption model because what IT allows you to do is to provide continuous innovation to them. When they're buying something wanted a time, one at a time, they have to pay for the next thing to get that innovation. And when they have a subscription, you just keep feeding the new .

innovation and new capabilities. And so is good for our customers. When you get a about a poon customers now a Better cisco 的， maybe a new cisco 的。

it's a gym. If you think about what all the technology infrastructure that our customers use from cisco, we can now take all of that data and and injured ted into that splendid platform that our customers have investing in. So our customers have a splint platform now.

They they get all the security insights that they were getting from sprung before they get the security insights that they get out the cisco security products. They get performance information that's occurring in the networking devices that they have. And now they have a complete view of their technology infrastructure.

So when they have a problem, they can quickly determine, do I have an application problem, problem? Do I have an infrastructure problem? Or do I have a cyber issue? And getting to that remediation more quickly is so important to our customers, and that's what we think .

we can do uniquely with a bad question out, security wouldn't grow as much as I to grow faster that's able to do IT. And I wanted that recurring revenue because is ridiculous to pay only sixteen times for require ing revenue with a good baLance shein, a company that is doing everything I want to thank chuck Robins. Just go CEO and chair another terrible quarter and they have to back the break. Thank you, chuck.

Yesterday we continue bed money flute to service on the heels of veterans day, where we take questions from veterans. We had so many amazing calls, we decided to continue the mission today. M, Y.

That we should be commemorating vets all year, not just one day there. That's what my that taught me a long. time.

ago. So now and then over. Are you ready? A gma pick.

shout out to all my process and sisters at the Richard coffee shop and mortial you also recognizing working home vetter over thirty years and you're the rest that moved here.

I did.

My question is, did my question is american water works I want to show about six years ago, and I just want to see if you still think is a long term hold.

It's fine. Consist in, I mean, when great interest go down this hands to go down with a Better take long term. This one is pretty long term.

I like IT, and thank you preserves. Let's go to just in and put just in. Hi, jim.

Thanks for your .

continue support for the troops, of course. Hey, my questions in regard to amazon, do you think that with more established tech sector companies and reducing given in payment, that's going to be a catalyst frame is on the post? Well, take what a cats rame is on is that they are crushing IT. I think this holiday season, they are happy.

These guys, you're doing so many things, right? That last quarter was tremendous. But the key is, is europe and that's the delhi is gonna move in high? I want to go to David and corner.

David, do you see anta taken my call? My start took a feting on the last only call. I've already recovered a lot of those losses. What the future look like for microsoft oh, you know, IT shouldn't take a beating. I thought the name it's got of brian and part of brian u 7UA memory .

of my daughter anna brook already shed all sim and unverified。

Please give her shout out. My dog is A V G. O. Thank you. I give your daughter become child out. And who and I had to tell you i'm taking up or i'm point for her.

And I also import for boy com if I can be so very strictly to make stocks up with with health. And I had to because that's my job. I am a dollar time represented by men, and I do think that brokers should do well.

I don't know whether this goes going to hurt IT today with its light guidance because I think very let's go to Michael and new jersey. Michael bin, we're making fun in the yard, so i'm set them with the truth is that over for D. J. T.

You know what? IT was never, never, really. It's kind gonna share. The Green bag practice I about are not going to do this weekend.

And they look at this thing is a very hard stock to value and maybe it's keep things because I can't OPPO IT. That said, I should does trade like a crazy one, doesn't. Let's go to Bobby in catchy Bobby.

Hi jen. Hello from the great state of conductive. Sure is I do for our our military veterans to watch the show daily, appreciate all the inside much.

Talk like you ask you about this. Go army. Okay, now go go army. Pretty tty good team this year. okay.

So this is what soon as a business development company that has a very big field. Um but I do think that over time, you're gonna ish that you could start peeling somewhat. That's what I want to do.

Let's go to kenna mission in canada. Long time follow a view in your show. jim.

I would appreciate your opinion about the third quarter earnings report released yesterday on sound town ai and what your thoughts are about the future of this company, please. I was quite surprised that this stock guide is crushes IT. Did the quarter wasn't really that bad? I think if you buy the stock five and six, you get a nice street. And that conclusion of the light around.

Tomorrow, the day around noon, I will be viewing my child l trust holding stock by stock to figure out of how the fair under the second trump administration that's the us. Seem to see investing club club monthly meeting. But I think it's trick is tRicky because there's a talk award administration between your traditional publicans, prof.

Market and regulation and vice president elect kd events SHE right now with willing ism is that the ETC and the just partment two institutions of power, very trust the ones you can block murders. Acquisitions will be much less hostile and deals than the current biden regulars. No, I look, I see with that wish and it's what going to be telling you if you member the club at a month of being, Frankly, it's hard to imagine a more anti business group of characters than the ftc lindon and the just partant shopping kenter who runs the any trust vision.

Oh, they were incredibly harsh. Detect tides and brutal tard. Almost any proposed merger, for my perspective, invest. This is all bad news for people who own stock, even in the rare cases where the regulators were justified, blocking merger still hurts the stock market.

Attempt justice right now, a separate live nation entertainment from its multiple venues, from its ticket master division. See the nations CEO. Michael o.

Pino is hoping to something, we expecting a more sympathy of curing the trump justice department, he figures, will be a more traditional back and forth that's a little more continue, less brain standing. You know, I think he's right. I think it's probably true, but maybe our assumptions are wrong considering the voice of j.

Evans, whose expressed tremendous interest in the Justin partment and there's no friend of either big tech or big merges when any trust fence is a populous. Can't google right now just want to break up google because IT regards the companies going up all this, your vans called google, quote, one of the most dangerous companies in the world, and quote, and he said that should be broken up. And if you google are left in institution, he doesn't want as ideological foes controlling the floor information, I think, have to stretch if google so live in, why the hacks is the bite administration of trying to crush IT.

But who cares what I think i'm not the vice president like you supports this afternoon indicate the trump one's fortis when my gates as his attorney general and he took to a about critics of google and as announced, he wants them to obey the antitrust rules is previously bought by the I administration plus the great paradox, xy of context ate politics. Jane vans actually said back in february that lead a con that's the ftc commission is and I quote the best person within the biden administration and quote, adding, I like a lot of things lacon is doing equal. That's not saying praise people.

That's praise he's called for by parties and regulation and oppose and inflate to his own devices. I think you back just departments to break up. Google works in for sharer. This will be the trump administration, not the vance administration.

If you still band, he get a nato entire corporate bias in hubley logy a local, employ arco steel MERS with japanese, copy A K steel and proceed a co socky emerged to A K proceed to up in his home count of middle town, which in ohio is a series of cost cutting measures that Frankly, can only be described as repetitious capitalism. It's pretty devvarman ating. If you read that, he now seems incredibly wary of burgers that tend to throw many people out of working the name of corporate profits.

Now, the end the day, politicians, politician s they can turn on divers suits the current moment. But this is hard line about google. Suppose that left in bias you that might check a corporate president, electric, who didn't exactly get a lot of support from big textile.

Now that's why it's sharey difficult to determine what's a trump ck and what isn't. See, I want to a curb enthusiast for trumps anti trust regulators. All that said, the stock works is pretty done well and their bite despite any trust.

That's why I say don't well too much the ftc or justice when you make your investment decisions, money will be made by us regardless. Just don't be surprised that the champions are just regular, are little more like canner or con than you could ever have imagined. Like says always, book market is summer.

Pms are five. Just fear here my money. I'm your member sermo.

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