Mad Money w/ Jim Cramer 11/26/24
44:24 Share

My mission is simple to make you money. I'm here to level the playing field for all investors. There's always a more work in summer, and I ponder to help you find that they have money starts now.

Hey, i'm cramer. Welcome to body. Welcome to cry, make friends. I'm just trying to make you a little money, my job, not just to entertain, but to explain itself. So call me one one hundred seven for three cbc requirement.

Remember today? remember? Because they say, textbook reminder, what happens when you decide the magic capsizing stocks are dunk when you think they're right off, when you say the moment you give up on them, what happens they come around while the market b enters dal, inching up one hundred twenty four points of record, although was down at one point.

S, B, advancing point five seven, said, also a record high. Now a point ent. The old favorites rose up as a private and began another run.

I know what they are. The most sand us. reindeer. There's dash name is on dance of the pressure, microsoft, apple, a commit and course poor left behind root off the invidia rainer, let's up.

Here's the company is being highlighted as the second biggest loser in the justice and case against google as google paid apple a lot of money to be that the false search engine. Why this is been what this lodes me. Okay, google, the best on glad apple, which could have chosen computer platform, but the just problem wants to deal smash.

So IT would be tough for apple. IT means, theoretically, because google pays, is some by twenty illumines year for the bridge. Ge, so why does that going up? Something is the residual impact for m piece of research.

Yesterday, more you silly put on polish note, but how iphone upgrade rates are actually improving in the new apple intelligence might be making a difference. Ers, but you know what I want to think, see you tick who is in china right now? Um when president like down, trump is actually talking about ten percent tap on top of you already play on chinese imports.

That shows that he may be the only amErica and business person to truly offer china a great deal and get one in return. In fact, I could gap is up because the china tire could, in my charts, ten percent is the open bid. Then you have to believe that these are a little more collegial than we thought is a good reason for the whole market, right? Not just apple.

If the relationship with china can improve, the texas are big winter too, as long as IT doesn't improve too much, because the chinese have some amazing electric cars that they're already facing one hundred percent of year. Still china's a very important market free on us. The man who s trumps here.

Not only that, but when trump once to slap at twenty five percent tap on canada and mexico and in ten percent one on china, the chinese might see that is an all brands coming in way. Or, boy, of course I did. I ever have the wrong view on canada party is a hot bed of a legal immigration and final smuggling.

Who you think IT amazon's got a not in back markings when prejan it's talking about the strength of bee commerce in the cloud, Normally of dozen. wow. Now you could say so what, but think about this, do you know how many companies would love to get a not like that out of nowhere if they almost never get them?

These companies do. Now the big gain in microbe is a little convoluted. It's only best by port of subpart set of number, sending this travel translate down pretty hard.

Thank hevens. We've been selling a lot of IT ahead of the quarter in response because we saw the only from home people in but co. Corry, barry said one of the standout of the quarter was the a ipc.

Although he hasn't ally broken out. I figured with the domestic computers growing in five one, two percent of top seven percent have to be a barry explained that replacements and Operating drove the games. As SHE put IT quote, we're excited about what's going to happen in the future to A I equal now fact that I actually regarded this as a tepid endorsement, damming with faint prays, so to speak.

What you have to understand, winners get the benefit, the doubt best bes presumed ai numbers can be read as a rousing applause for microsoft. I wish to one of the good reason for wide meta platforms ort today. I mean, there are some of warped POS on comments about how meta smart glasses have taken china by storm.

They're very cool. I get that prety shop perfect. IT could be going up because it's being boiled by the myriad magnificent seven etf. So as it's kind of like, you know, all for one and one for all, we'll go up.

I like the stock to go up being on nothing, but I have no reasons if can never, never come down hard to that's a thit a bit like this. There's not a lot of supply on the way up and on the way down. There's a couples, jane, by back, hoping that IT helps question the world.

That's what I call an s metrical positive. And then there's in video. The root offered norse rainer magazine in seven, and video stock is struggling in a typical poster is massara. We know that nothing's wrong.

We just thought the numbers never terrify, that there's a growing scapes and that things have peaked, that the rate of growth is slowing, that the bank of the books is lesson and that the competition is increasing. Especially means, of course, we hear this every time I want to unpack these supposed day, not that I know who packed them first. Amazon s is not going to go into the high end chip business away from invidia simply needs a regular supply of other chips.

In video has a shortage because they literally can find that manufacturing to meet demand. So amazon makes some of itself is an in video welcomers the competition, if you can called that. I don't want to I don't like, here's the deal.

okay? In video shows the best technology by far. My view IT is no competence. Amazon remains a huge and I I am told from both sides, happy customer. Next day, I really peat.

I have so much trouble with this and that is rolling out software is part of his stack. And I think that many people don't even know that what they have going for. I don't think that people know they have software, which brings me to forgotten this morning, we fan out about a project fuses south and inspires ideas.

I not like what I doesn't dobe they put in this out there and inspire to get people thinking forgotten as symp, his own fabulous boss, explains, is part of the videos. Moonshots is an A I idea factory product. It's not a retail thing.

Even as we can play with IT, what matters is the period gene o puts out ideas that turned out to be very, very big, like actually began from the video of shield, putting a shield TV. As usual, it's a little complicated to explain, but genson put together out to get everyone thinking. And no more than that, no more.

There's a lot of the video is simply a big thing, the sort of thing that good company is used to do all the time. But if they're costly and expensive, they don't get done anymore. I actually roll these kinds of analysis.

They don't depend on the fed, don't have into a washing, the baseball, whatever, with the possible section possible like china. It's just the usual blocking in taking that these companies keep giving you that I love so much. Here's the bottom line, don't encode the mark. The mega cabs don't encode them, don't prove them, don't even attack them, just by, by, by Joseph and canadian Joseph?

yes. Hi, hi, mister crame. My name is joe. I'm from connective. I want to buy one thousand shares of intel corde. Do you think that I might a double or triple in the next two.

three years, I think, go up to know you. And it's just not going to be a rocker's. It's just not I would prefer you to buy a and d. Let's go to shame on my homestead pencil and jim.

listen, as you already know, the talk of the today is all about current. And so my question is we have this american darling, this great friend, nike, and of curious what you think how investors should be viewing the stock with the old potential .

over hank for terrorist in in the coming weeks? What negative? Obviously, the is apple really time in? I will say this, I know it's tempting. I think you have to wait one more quarter.

We may need a theory of the dex quarter before we really feel that l hills got this under control. Let's put a Larry and Flora. Larry?

Hey, jim, with the blue halo acquisition, possible cuts in defence spending and lack of support for ukraine, is all this just too much to start a position in arrow environment? Now I think .

that our environment will be and will have demand for many, many years because they represent the less expensive way to get things done. Remember, environment is unman. Most of the things that the pentagon uses to want are very expensive.

Man, I think we take humans out of equation, if possible. And that's what your environment is, which is why that sock remains a time, as we see from days like today, the moment you give up on this, make you have socks, they come. Working back onion of retail early then in two broke out earlier this month from before falling after early.

I don't understand this one to dig in to what happened to the cover mind turbo tax in quick books plus i'm taking in the C E O P, C maker H P. Ink pressure of today's world. So stay where cramer.

Don't miss this second of mad money. Follow h cramer on x. Have a question. Tweet cramer. ash. Tag mad mansions. Send you an e mail to a mad money at C N B C dot com, or give a all at one hundred. Cnbc, I come.

We could start to wind down for thankful ving. We got a retail earth, this shameful to chapo trust, holding best by crammer fave deport goods, blowing departments or change coals. And I becoming the power retailer, had incredible second act over the P.

S. Couple years. I want to go through these quarters in rap and succession, just like my OPPO crisp man does with his fastest three month covering a which worth of ethical action in the S.

B. N. I can't go faces, but i'm not going to. So let's just call IT the this is seven minutes in retail person, said the states last time president like trump anounced lank, twenty five percent of all goods coming from mexico, canada, long than additionally ten percent tip from any china.

Maybe those are just the opening bid and negotiation, but even if that's the case, types are bad news for retail. So the library killers that important this morning, we're already swimming upstream with that mind. Brilliant ant source reported first.

Now this is an Price chain like see me, see investing clubs stock, T, J, X. And that's been one of the best subset of retail. Unfortunately, Brown to reported soft revenue with one percent same for our sales with while SHE was looking for one point nine percent earning for just a line broken, not also trimmed its four year same store sales forecast.

And while they raised the low and the full year early forecast, the outlook for the car and quarter was mostly below as a. So now the company blamed warm weather, saying there's same for cells would have grown four percent if not for poor sales in cold weather categories. And the IT.

Listen to me if you want. You got got to go with T, G, X, maybe rosters. But T, G, X.

But I think just all time high now, people thought the quarter was bad idiots. After that, at seven A, M, we're got a true of retail reports. Let's take these best towards the best.

Yes, was dig sporting goods in the category, killer in the sporting goods and athletic para space. I am a big fan of this and told you the this stock, if you pulled back five percent in response, the last quite well, IT hasn't recover this. Then today's numbers show you why I am sticking with IT SHE.

Dix delivered a seven cent and speed of two hundred sixties and bases higher than inspected revenue, four point two percent same to our sales worth also was looking for two point seven ticks. Also raises for your forecast across the board is a text book beat raise situation. Now initially, the stock ready able than ten percent in premium and trade, but after open up percent in quite got to fly to drag down by haint action of the rest of il.

And that's when we started to see some criticism of the quarter analysts king about rising invitation ies and Pearl clutching about the fact that the same source cells with was most thing driven by pricing, not traffic. I think they were just looking for excuses to justify why this type is going down. I refuse to play that game texes by by today's test.

Pull back. You're getting a strong quarter for free in that sense. IT feels like T, G, X, next was best by which we for the chapel trust, although cut the position going into the quarter after home deepo and the police, that would be careful.

Big ticket items aren't selling that well. Best buzz results that weren't terrible, but they also weren't great. We can expect that earnings supplying cells really bad. Same source cells with you're down two point nine percent. Company also issued soft guidance for current quarter same store sales and then they lowered before your forecast across the board.

Ch on the covers, while C E O corrib ry explained that the result demand of temper october in the around the election, but SHE said the very was off to good start with total couple sales up five percent in the first three weeks. He also noted the PC so very well in the quarter. Overall though, this has become a trick situation.

And i'd like and i'm glad that we saw most of our position for the travel trust. We told the same sea invest club, we buy this one back if IT reached seventies, but it's still eight thousand change. No, thank you. Probably be a seller, not a bar. The third tailer from the seven was coals, the struggling department store change as a culture list.

We game plan calls to be considered guilty, hold these expectations across the board, miss badly, same for cells, down nine point three percent to that, just a hair below the crucial ten percent, saying you are sell spiral that a very few retailers ers ever come back from. The early that calls per shared, they were down more than sixty percent year management cut every single line year of the every forecasts, which is high end up with the seventy percent decliner stock IT was IT was just miserable. How big was called? Bad enough to see you time kingsburgh, who's really good, had to announce plans to step down, changing the poor guy became permission, probable twenty twenty three.

He couldn't turn things around and see much reason to think that a successor can do much Better. A couple more course like this, and I got to take this could be real existentially, cause finally, salary. And there was apple grain fish. This was very curious. It's been the greatest combat story in retail for a long time, p most of the past years.

But the stock, Peter, late may IT, has spent the last few months trading sideways st, and things didn't get in need Better today as agron report, an impressive court that was nevermore hated how impressive delivered a top bottom line beat with sixteen percent. Same for sales with what he was only look at for a ten point six percent coming raises for your forecast, but probably not by as much as investors would have hopes IT also issue basically inline guide to the current quarter. No, I can we turn on extraordinary C.

E. O friend horwitz told, I think, a great story. Talking about broad growth across all regions, all brands proved twenty one. There's this stock shot up within three percent. I'm someone six percent in prior market try and then IT opened up three percent.

But like dix, the other big way of the day, overcoming flush lower right away and stayed down venture, finishing off more than five percent as we digs. The justification for the decline came off to the fact the abra blaming d salary growth at the core A N F brand sure growth d solar. But from a twenty six percent year ago, the number and deter I D find you to find any other percent comes right now.

Look at every comp. In late may, IT was trading at just over twenty fourteen or south fourteen times stories. It's ten turns cheaper. Haven't say, I say time to step in. And here's the bottom mine, the whole retail out of a Scott wake today after sums they just made their way back into the headlines.

But with five major retail reporting this morning, there is a chance to use the sector y weakness to get the best stores at bargain basement Prices right now tomorrow morning i'll be by of dips and every crime here I am neutral best buy and very enthusiastic brand and down right disgusting by the house of pain there is. A drink now that you have IT, I think that was the fastest seventh retail. I want to think ben soto, who is the Chris burman of our alpha and he did a fabulous b on that break up and the mad money is back .

after the brain coming up. An intuitive investment after last weeks post earnings drop cramer eyes into its potential next.

But everything going on last week, you might have missed IT one in two reported on thursday after close the facile software geter behind turbo tax, quick books, credit common and mail chip. Really what I thought was pretty good core, but to stock tumbled more than five percent the next day. So clearly, the market disagreed.

Harsh judges is actually i've been a fan ent to and I think it's very well run, which why I decide do some homework, circle back. I didn't figure out like you often do what they have been going wrong when IT looks like everything was going right. The timing of this pullback was unlucky because after spending a year most secret y subway, the stuff finally broke out to the upside this month.

And breathin y boop seven hundred and first time in three years, intent ously joined in the shrub rally, swept up in the general euphoria. But then last tuesday, the washing post reported the ellam ask in the vacuum swami, the two leaders of trust department of government efficiency, of course, those want to make IT easy for americans to find tax via mobile. Up IT would be great for our country, but IT would be terrible for turbo tax.

So when two stock got slammed two days before the cure doesn't matter to washington post, which broke the story, admitted that all this is highly preliminary. Plus we already have a thing. We have actually have a tool that you file your taxes online for free.

IT was part of bones in place reduction act in this year. They found they got a pilot program version. It's up and running so far only a little more than one hundred thousand taxpayers using, which I find quite surprising.

But maybe if the scales IT will be a problem for text them the line but given that this thing already exist into IT shouldn't be sealing off in the use of you must version the same thing even though two IT came down into the quarter of the company reported a strong set of numbers, this wasn't clean. Fourteen cent beat, okay, of a two thousand and thirty six cent bases higher than expected. The relevant percent year year.

There are also give me a lot of excess, moving their costers from the old desktop version of quick books to the description based quick box, all mine what that was recording revenue there at the same time into its credit common business good and installing twenty nine percent and clip that easily beat the with stances, strengthen personal loans, auto insurance and credit cards into its consumer group segment, meaning turbo tax only really matters around tax filing. sees. But for what was worth, that was also Better than expected to, in short, these numbers were pretty sad.

Imagine, seem pleased with their performance. So what is the problem? As is so well in the case, the guidance, even though in two would just speak the numbers for the first quarter of the twenty twenty five pisco magazine decided not to reason for your forecast a bit.

No race situation almost always pressure a stock. After that, the guidance for the current quarter was meaningly weaker than expected. They're talking in thirty fourteen percent revenue, but both was looking for fifteen percent.

They said they expect to fifty five to sixty one nies pressure. But the Alice point in three thousand and twenty five cents that guides is the guides you and that's why the stock sold off. That was big.

IT was big. And I don't want anyone for going to get out of dose or dose after just pointing forecast for the current court. However, i'm not you can missed anything wrong. You there or not i'm not see in two IT didn't raise that for your podcast because that's irresponsible. This company has a weird fiscal calender that's hostage to the peculiarities of tax filing deglaze and the quarter of they just reported. Isn't that consequence that but we tell non Christmas or okay? Plus with the new administration coming in there, there could be a lot of changes that might be impact the turbo tax business.

As for the software second quarter outlook, you need to check under the hood year because there are some courts to this quarter and to IT says in quote, expects a single digit decline in consumer group revenue due to some promotional changes in retail channels related to the deaths p offering and quote, but they also made a clear with the quote, again, this only impacts revenue timing and does not impact overall unit or revenue expectations for fiscal twenty five. Basically, the consumer business is taking a temporary hit. No big deal.

These guys have been money good. I trust them on this. What really matters from to IT is not conquer. It's the one that's after. It's the taxi and quarter.

But if you're still worried about into its guidance, keep in mind that we've seen this movie before you that one year to go, the company issued a really healthy beat, okay, but issued light guidance for the next quarter, the next three months, and this is the exact same situation. And you know what happened? Went into a reporter, get effect where they blew away the expectations.

The company declined rations for your forecast back then. Two, but when the twenty twenty four fiscal came to an end, the numbers were completely above initial guidance. Long story short.

And two, its guidance tends to be on the conservation because of their practice of u pod, that they undergo mise and they over deliver, which we love. L made money because a quarterly short for is a lot less likely unclear, not alone in seeing this. Most of the animals who covered IT into IT had positive actions to this quarter, with many region in the Price charges.

That's a really good sign. I agree with these post responses to the quarter rather than the stock reaction, negative reaction. Uncalled IT wrong. yeah.

We saw continuous strength across the company's various species with witness only in areas and two, its intentionally moving away from me like the detox version of quit books and intertech products. Obviously, the biggest surprise the quarter was the much Better than inspected performs from credit comma, if that can continue. IT is great things from to IT, which has been looking for growth drivers away from proper text encrypt ks.

They paid good money for groth credit common, the personal financial matching platform, and then this male chp, which is the marking platform. Now IT hasn't been clear that either one of these deals we're working out great. It's unfair to wonder about that twelve being our meal chip deal.

I mean, really is. But now IT should look like credit combat can be into IT was looking for when each other a point one billion a cash, the five IT was cash stock. I'm sorry, they don't think they did that four years ago.

Now I think that the twenty nine percent sales go from credit is much more important than a conserve guide to the current court. That's what you should be looking. As for the long term threats, the business, the potential dose disruption, I say, let's course that bridge when we can.

Do you remember this is a purely advisory bottom? Like an government funded think tag, they're throwing out a lot of ideas, but whether these ideas go anywhere is an entirely another question. So here's the bottom mine.

I actually think that the stocks going down was wrong. I think you're getting a nice buying opportunity into IT at the stocks. We actually a good quarter with conservation guides.

Sure, there are some long of miss like turbo tax, but the thing everybody y's worried about, a government funded alternative IT already exists and the coming age to be just fine. The franchises is strong, the that can go back up and the opportunity to step in and gets some on the cheap is finally upon. I am a mark, new york .

mark J. I want to talk about a stock that i've been following for a while now. Um it's paypal and I wanted to know what you thought her because that since Alice Chris took over about a year ago, he said that he would be innovating, making for the merchants and that on so forth. And I just reached fifty two week high and I really excited. I want to know what you think about IT.

but you need to stay long. paypal. Ever since that interview that gave in favor my colleague, buddy 炮， friend from scope industry debate, Alice chis, I said, this culture has gone from loser to winner, winner, winner.

Eighty eight dollar dinner. That's where is going right back. Forty two percent, forty two percent eight health ideas.

Listening to me, I think the fears about the government funded ternaux ing to test are over one because is moss, everybody believes. And that's why I think the cell looks like a fantastic opportunity for you. Which one? Everybody, my post H P.

A, then IT throw a serious of the markets access. I'm addressing some people's prick those comments and setting the registry ight of what I recommend, the way i'll be kind of get thanksgiving and where you calls Robin part to the dish in the light around. So stay with crime.

This, we've got this tourist referendum, the demand for a ipc from best buy, you know, the numbers warn all that great ipc made up half of the total service were talking about a premium computer to the wrong windows. Now if the close, we learn more.

When hp n reported the PC and put maker delivered in line or slightly Better than expected sales, the guidance was more cautious than I would have like both for the current core and for twenty twenty five this year. So let's get closer first, not do the guidance first to the previous quarter, and never deal with the guidance from the the presidents share. H, being to learn more resource.

Welcome back to my money. Thank you.

Am great to be here. H, great. And we can. Glad you. I don't want to take my cube from the action because the action is often wrong.

First, I want to hear from you about what you felt about the quarter. You clearly Better than expected revenge. You met the earnings, but there were some disappointed in the margins. Can you unpack this for me so I can understand what really?

yes. So I think I would say in q four, we had solid performance team. We grew the the company revenue grew two percent.

And both business has grow both personal systems and print. We executed well, grow in share in the key categories where we wanted to grow. We grew share overall in in personal systems, special in commercial, we grow shading print.

We executed well our course reduction plans. And this is why we delivered on our non gap E P S. Goals, also on on our freak as flow. So over all that went well from a margin perspective, what do we saw in personal systems? High pressure from a coast side component costs have increased, and we share that in the previous quarter that we expect this to happen. And this is what had an impact on margin of species that we expect to happen to continue the first half of twenty five, which is what what is beside the guide that we provided today.

okay. Well, let's go over the printer side because I, A, B, suspect of printing, and yet you delivered a very fine number. Do you think that was one offer? If that continue that I would think that your guidance was a little .

bit cautious within that. First of all, we are pleased with the performance this quarter. As I said before, we grew share in the harvard categories, and we deliver as long result in supplies. When we look at fiscal twenty five, in line with what most of the animals are saying, we expect the market to slightly decrease. We will perform Better than market that our goal, but we are expect to continue to see pressure both in the consumer side, in the home side and in the outside that will drive over old market down.

Well, let's go over what your partner, corry barry, was saying best by today. She's basically saying that the best is yet to come for A I are not yet, hasn't really happened. She's very excited about the future. How can he be excited for the future? And you have a, let's say, a guidance that is a little more than that would see.

I think we we have been very consistent. What we have been saying about a IP. We have been saying we they would hand have a small impact twenty four, more impact twenty five, a more impact in twenty six.

And I think this is very consistent also with with corsage. This quarter, we started to launch some of the next generation A I P C S, those that have really the powerful employ use where you can run a ei locally. And we have started to see what software vendors are able to do.

The experience says that they are going, they are able to create, and we are very confident in the impact that this is going to have from a productivity perspective. We showed some of you, some of you when you were here. And we continue to be very confident in the really the impact and and the value that this cater would be going to have for us in the future.

Let's rock down on the value. Uh, there. Mark benioff, we know who a wonderful gentleman, has a lot of different thoughts. He has been adamant that the copilot does not have any value added from your experience. Have you had customers say that IT was a disappointment or had almost the other way, almost university say, you know what, I can't .

live without IT.

I think when we have been demonstrated what A I P C can do to our customers, they really see the value that they will have from a productivity perspective. And we have some large customers that have decided to adopt now A I pieces as the P C T that they will be using for their full workforce.

But we think this is gonna take some time because they need to be qualified applications need to be developed to take advantage of the capabilities at this product have. And this is why the the adoption is going to be gradual. We don't think that we are talking about cloud or A I P C.

Both things are going to go exit their activities that makes seems to do at the edge and use A I P C to do that. And this is what is behind the vision and the plan that we are building. But of course, for many other things, the cloud and the solutions that mark is providing are gona continue to be extremely valuable to our customers.

Do you think it's too hard for an individual to know what to do? I add the great fortune of having you are. People walk me through the incredibly exciting things you have. I did feel that had I not been walk through, I wouldn't know how special they really are.

I think there is going to be an effort that we will have to do, that our partners will have to do, whether our software companies or resolves to explain the value these products are going to have. What is special about A I P, C is that the penetration is going to start from the commercial side.

And if you think about how innovation has come to market in the last years has been more from the consumer into the commercial, this is reverse, which means more explanation is going to be necessary. But again, when we amount what customers will be able to do, they really see the value. And they realized that this is the type of product that they going to .

have for their teams. Think big here for second. We've got change. One we've got in video here we see all the excitement. There's just lots of big things, a lot of moon shots and then you get your your packet er PC which you know I have and I do love and I just think it's sensational, but I don't see those particular qualities. I just see a superfast good machine is a super fast good machine enough right now to make IT so that perhaps you could exceed your guidance.

I think superpowers as you are same and super powerful is going to help our goal next year is to grow more in the commercial side. This is why we where we see the strongest opportunity and IT is not only going to be only about the performance of the pieces, it's going to be about the capabilities and the new applications that customers are going to be able to do. So the more applications that will, will be available to bigger the impact that the ipc are going to have.

excEllent. Now looking at your product development, manufacturing patient, your table of contents, I see lots of countries. I only see one entry of china. Is is fair to say that that those are equally distributors that china, uh, shanghai property of the lion share of your manufacturing.

we china continues to be a big part of our manufacturing footprint, but we have been diversifying fairly aggressively during the last three years because we realize that we needed to build a more resilient and supply change. We have been driving a lot of change and now we are a much stronger position. Then we were three years ago when we started this process.

Okay, so what he will, would you ascribe a ten percent type in china to your numbers?

Well, first, val, we need to wait to see what the final tardies are going to be because numbers have been changing into the last week. What I can say is, first of all, the work that we have done in the last years is going to significantly help because we have moved a very relevant portion of the products that will come to the U. S. Outside china. And we have a very competent team that proven that know how to manage these situations that I know as we will know what the new tires will be, will design the right company.

excEllent. So we will stay in touch, keep following the ipc. I understand it's a slower ramp ramp. It's a longer ramp, not unlike what we're seeing with apple with its new phone and an apple intelligence IT just takes a little longer and some of us would like because we think is so exciting. I want to thank and records the president show of h being IT is a joyed you on the show? Ser.

thank you. demon. Help you. Thank to you and your family.

Thank you. exactly. Money back.

And then the lighting round is over. Are you ready to that?

押金 不要不要。 The time looking for up to A P, T, V auto parts.

I am concerned that many other parts baby made in china, we don't know. What had I go with? Let's got a Stacy and George. a. Stacy got your .

traver stc from monte and the here. Thank you for taking my call.

my pleasure.

I'm curious with the upcoming trumpet administration in the A I french, I wanted get your thoughts on this socks. Is that a turkey or is that a buy reka mastic.

I like the story and tell you know what that makes me, that makes me wrong. I knew that that I really had to taken and they still do and maybe get excited about IT. I think that this presenter get a secondary of you didn't hold now I think at five is is worthwhile spect you later it's got a mike mats, mike, mike.

mike buya, jim cramer. And happy thanks giving from the .

same to you, same to you. How can I help .

looking at zoom info technology zi marketing .

company? You know, I not enough specially, not enough more. Let's pass on that. Now we got to ending our point. And good .

morning. Excuse me, afternoon, mr. crammer.

How are you today? I am. And well.

excEllent. I noticed super micro o head little bit of a run the last couple days that takes to get back in.

No, my view is a canning regularity equal sell and I never go back. I will be really happening working to miss another twenty points. That doesn't matter.

Canning regularities equal cell has been saved me millions of let's go to Daniel. And for a Daniel, my brother jim, this is Daniel from amy florida. happy.

Thanks giving to in your family same right back ache. Thank you so much. James, i'm calling on a company called red cat holding.

Take her assistance. L, R, cat, yeah. Um they do flight recorder. I mean, look, they have a business. Red cats has a business.

However, the stock just one of eight hundred and fifty percent, I am lying to pass on eight hundred fifty percent. I don't want to bet this gona go up a thousand percent. It's just not myself. I need to go through Tommy in mission and Tommy?

Hi jim. I'm calling from second on michigan .

the .

first time, holy one time find the show and investment club number k mostly i'm mostly retired to the you. So thank you for everything.

fantastic. I want to .

you hear your thoughts on a local company, dow chemical, the earning call. And since the now this is.

this is a tough one, I think the jim person does a great job. But I IT needs china. IT needs up, pricing go up and needs a much strong economy. A yell six point to nine. A lot of people brought in a fifty staking that wouldn't break down through the five percent level. If you don't have growth and you shot twenty one times earning, you're not going to be able to do anything at these Prices, are going to put a position on but understand that dividing turned out to be deals or not to be not the kind of protection that we thought bill, in which uses bill.

hi jam. I just wanted to, with you, your staff and your families, have your holidays.

H, thank you, bill. Thank you right back in your family too. I've got to help.

Thank you so much. Everything you guys do for us, some new member.

I trim .

up three, three club stocks today. Just guess I didn't want to be a pig. we're.

Trying to make money together. And we're teaching i'm teaching on warning from you this is it's a teaching product. There's never been one like this. I'm very proud .

you can you have to take your profit. That's the the discipline that you talk. I love, we talked, we talked about four months ago about this equity.

And IT was about forty, forty six stars. Sheer, I kicked up tim here. You told me with a double life i'd love.

I called you back. IT was seventy three year, and I got ten more years. Now it's to the roof is ready at my .

I think that IT is fabulous. What can I say? I know it's up a great deal, but I think Steve happens to eat baby's job. I'm not a seller and that many job .

is conclusion of the.

Got a lot of good feedback, one or three part series on fourth and access yesterday. You know what? I actually expected severe blow back because i'm basically saying you need to sell something, anything, just to lock in some games as I see that the biggest thing in investing is turning again to a loss.

And having committed that in many times, I always have to check to make sure that ARM not being too greeting. I thought others would say, how can you ever really sell a winner? All the answer is, sell some, take your cost basis out, and then you can letter ride.

However, there was one place where I was criticize. I got a bunch of ghos saying, and I called the top eclipsed by recommended a first. I need to say that I typically do not read the commence on twitter or x whatever is.

I have pretty fix skin, and even if I can only take so much abuse I can there are just too many people who want to wake me over the calls for subway. I did wrong ten, fifteen, twenty years ago. Or we think it's funny to prove me like the script to comment.

Ha, to me, this is internet to see at its best, i'd like cyp do for a very long time. Most of does. I know there's a consistency of investors who want to buy something that can protect them from our government's positive budget. While there's no proof that you can protect you anything, at least not yet, it's plausible story and it's something that what's just say, sometimes that's all you need.

This business, I hope the american economy can go its way out, the huge deposit hia, higher taxes, but I feared that someday we going to get one of these parties and deck ceiling fights and some White house officials will start talking about a cramdown or a buy back of trade baLance and disco. I am disappointed the obama ministry refuse e longer term, fifty year paper take a band of this ultra law. Interest rates that aren't there anymore would have been a huge money save.

Instead, we have all the short term paper is now being issued at higher rates. What a mistake. So I own some crypto, and I owned IT. Crazes as a head, is the idea that someone in the treasury department two decides to something crazy. Car bond seeth apart, don't left.

Consider executive of order six one o two know IT in one nine hundred and thirty three, F, D, R, reviewer, president issued that order, confiscating goal from the people of the united states of you may, in order to stabilized the banks, remember back them, told the goal. The plan for not turning IT over to the government was a fight about to ten thousand dollars. And that's when ten thousand dolla lot of money where go to of ten years, some joy, one hundred dollars in gold points, and artists intentions were excluded.

But from a modern respect, this was an absolutely same mood. Downside on the market in the contest is great depression, the back and regulations of the time where the fed wasn't a lot to lend more money in less that had more billion. You can see why, if you are did.

But the whole situation was absurd. Now these days, I still have some gold as a hedge. But because IT can be easily configured, dmm once can be done again. I think bitcoin there maybe even some other crypto currency to maybe one day to deficit get under control.

I'll change my two but anyone whose followed me for more than ten minutes knows that i'm A U skeptic about our government government bounds of it's thought that we don't know how to solve the problem is that legislators lacked the political will to do things that are unpopular. Bouncing the budget means making painful decisions to raise taxes or cut spending. Most politicians, Rogers, kick the can down the road and make somebody else do with IT, ideally the opposition.

So I own crypto because those national words are going to go away. Maybe not my time. I going to all the top.

Weird how i've been recommending golden crypt up for so many years and yet they're both year all time has. And I take IT anyway, guy, go back to not read the comments, just eight worth. The aggravation is always work. I just for you here money after you can see next time.

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