Mad Money w/ Jim Cramer 12/5/24
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Their money starts now. Welcome to create friends. Just trying to make a little money.

My job is not just time, but to explain what that's going on here because it's crazy. Call me hundred. Like, that's IT.

I give up bit. You win there. I said IT. Now you can either say, I just called the top big point, or say, cram's given up on stocks, just wants to swap in as something as bigly sense like them when the president lack gave the high sign to so on, they were the deal was to forty eight pots as we dip point when I present next, like the point nine percent after bit trans one hundred thousand dollar level last day before back today, I wanted discuss big coin.

Really I do not an attention ment of stocks, but in an addition stocks, I come to praise bitcoin, not period. First, let's just tell the idea that i've never believed in bitcoin. Now if you searched youtube, you can see that I first brought this coin of september fifteen, twenty twenty one knows is just over ten thousand dollars. So no top called me.

Now next year I am for the record, back in April twenty twenty one, I decide to to anticipate an auction by the nf t for the iconic is god dead time magazine cover from April eight eight of the united six, even though I had no idea what a fungi able token was, little on a not fungible one. The transaction had to be done in the theory um so so I didn't ally import an undisclosed amount of a theory um try to win. I lost the ocean but forgot to sell the theory um I want I discovered the are I appreciate so mildly that I was able to cash out and buy a large farm and I just lose location.

So you may think i'm calling the top by celebrating big in a hundred thousand hours. I say, oh, contrar moon fare. I've been recommended for years just like god and about get lucky and there I D because Better be lucky still.

I found myself struggling to feel relevant this morning while talking to my partner, David favor. We're write over there. This is where I should go.

You don't probably realize IT. I write over there. okay? I was squad on the street, and I was really down. I was glum charm, and I was like, wow. When there was script of money being given away by present elections, I, I told you that the federal go in bitcoin, if you want, back in bitcoin, stood a little. Lesson seventy js, trump promised to establish a strategic bitcoin reserve and make amErica the crypto capital of the world, the stock.

And you a conviction trump, a trip nazi win, right? His endorsement was, aren't club as sent during a fever national speech home if cyp ta was going to define the future I wanted to be my minute and made the USA equal whether or not you think it's good policy quit is good for people and critical let's be labor or the strategic big cum ser thing for a moment while the nash felt trump with the biggest cypher dot mining firm exacts to talk about this, if this war oil, and he met with the biggest oil exact promised that he built a reserve and then shared his plan with the public for did IT well, you would want a Better hundred. But then happy yesterday, and my colleague into a certain stable comforts.

I heard that chief j. Pal talk about how he believes people are buying bitcoin as a store of value like go because there's emotional transaction done in bitcoin. I've always endorsed keeping out the ten percent of your portfolio and goal is a kind of insurance against the world.

Li, but for years, and I also saying a final time to gold, I think the federal budget fits and impossible levels. I only waited to a currency back by the full faith in credit of a country that was thirty six million hours. Sure, you might have been all in bitcoin.

You know what? terrific. Me too. But what if I told you there are indeed other ideas hidden in plain site, in the stock market ideas.

If you could have owned the other ninety percent of foil that wasn't bitcoin. What are we start today? I want to say happy anniversary.

The costco switch, just that, excluding regular and special different. Costa came public box sixty seven a share, december fifth. Yet today in one hundred and eighty five.

Yesterday, costa hit in all time high of nine hundred and ninety one dollars. Take that bitcoin. okay? Maybe you weren't a liver.

You were a child in your child. And ninety five, maybe you know, costco from, no, no. Let me give you four grade stocks. In retrospect, read obvious winner, even as we might not have known that at the time.

I say you put one thousand dollars in amazon at its IPO85 thousand nine hundred and ninety seven， you know, that would be two million, nine hundred and forty thousand and six hundred and fifty seven dollars a bookstore, online or future retail and advertising power is one of the greatest business of all time. Averon web services, two point nine million that is staging then. There's the most obvious winner ball, the one thousand years at the time of po, june nine.

Easy, easy, right? You now have two, three hundred twenty ships. Thousand and twenty dollars began too longer. Okay, I get that alright. What's the most love stock in this market to this? I'd say it's pointin, which is a righi example because that couples is pretty OPEC like the end of these.

If you have bought one thousand dollars in now obvious pound to your IPO little over four years ago, you'd have seven thousand, one or eight, seven dollars tips, return 哦。 And told to that moment about right back from yesterday, travel. Now let's really go there.

Okay, let's do this. Desperate to call attention to what I said could be the greatest stock ever. On june twenty, twenty seventeen, I took the extraordinary measure of renny ing my dog ever rest.

From then one, I said he would no longer be ever rested. His name would be in video. Now you use to this cris one to take that day and investing one thousand dollars in the video.

You to have thirty seven thousand, three and nine and nine dollars. That's right. One thousand and thirty seven thousand nine dollars. I watching the video, a guy on the forty change, no more about from here.

Talk about how this dog response to the name in video, especially if you have a tea bone in your head, which specially, to my rather harsh point, yes, but coin holders gratulations, you had a chance to run ahead. The president of lex promise to create a teaching bittorrent reserve. Good for you.

So in another desperate camp for relevance, just like with the average to invidia transition or making, you would be somewhat diversified if you miss the point, if you buy some today, hold IT is the president that just would would be too much to ask that you throw in some stocks as part of apple foil, go with some the most obvious teams I don't care, actually like him, costco, amazon. The important test, the infact ating palencia, the can I have adequate is in, we want to this with the child trust cost school, this you might purchase them, supply, be a membered simply investing club, or even keep up on. My point should be, obviously now, right? Well, we could become the bitcoin network, especially president like trump.

Christian dust is the bitcoin nation. I actually think this modern investing in just only script currencies. You got the costco with that must must membership card, right? The amazon point that wilmut ly caro, I love that guy. And you could own the stock of the Richard person powful in the bitcoin nation. Iran mask in vidic dog is the best of there are bitcoins, part of the most obviously diverse portfolio in recent history by and holding staff can be just as looked at as buying bitcoins six days, interbred, drop down the race. Or maybe just maybe you can make you even more money by the mind, I say on about stocks and crypto to that way, if chop ever gets around to saying you have to buy tesla or you have get to and if they're diversified with costco, amazon, palm, tear in video, tesla and bitcoin than what the heck gratulations es here, which is precious. Maybe Richard will play dar texas dar.

不要 jam。 Person wants to set up to my family and set up in queen new york, and also set out to the edit how their community are.

I like both my wife from queen, so bored there. She's from flushing they ever held that is no is IT can't flushing. What does that about? Okay.

tell me about IT. Yes, this company of look at that has the ford pe of fifteen, that a four percent divenuto and has a very popular car game underneath called magic. The gathering i'm talking about has glow tickle H A S.

What I just told someone from his brow the other day that I really like your stocks that is just seems to be too cheap for me that is gotten hot in all that whole of all these other stocks and be it's overlooked. I like you, you got horse, since must be with the thing in queens, you know, because I I think favorite from there about kena was constant. Ina.

hi jan, yeah. Many mta from delvin was concern where skull sAiling is just as important too. He clear you. You, yes.

good to night. Yeah, good tonight. OK.

hey, camera you gave IT, you're all as my family love you. Uh, my two college sons watch your show and you'd love live search companies because you're in busy.

That's what I want. That's how people get wealthy. Now you want to make mistakes. We all do, but that is the prescription for wealth.

Can I help you? You know, well, so I started requiring eighty and two stock in nineteen twenty seven through an E A, and chose to hang on to the amErica c and S B, C. Partnership because I believe in the company culture and product, I seen the Price go down the fourteen and go at heigho four in a role coach.

However, because of the dividend, i've never sold. So with CEO, john, thank you. New strategy of discord ing, additional debt by giving up on the media pursuit like one media and drug T B, and instead focusing on its core connectivity business, wireless and fiber networks. Should I continue you to be a loyal a and t supporter and hope I can reach forty four dollars again or cash now on its recent rise?

And first, thank you. Concern and for a year, endorse for what we do here. I will tell you, I want you to hold this. I think the tank is pulled IT off.

I think it's great that he changes to and I think the stock goes higher and will play as we take going to pick one hiding one hundred thousand dollars level. It's worth for memory that by and holding stocks has problem, can be just as good as bitcoin. You take more of people you want to I say it's worth doing both cases.

So that's my plan. I made money on break the little servings from discount store change, doar general and five ow, and do try and see if the names are worth keeping in your card after tough scratch. Then this year, obvious place was full of performers booking out those.

I can tell you where I stand on red IT and many others that have soured since joining the market. What's the head of time clear up started for some mixed anal cometary. I'm putting their ports head ahead and we're going where eye on down. So stay what.

Cramer, don't miss you of money. Follow h. Cramer on x have a question.

Tweet cramer, ash tag mad mansions, send you an emailed a mad money at C, N, B, C, com. Give at one hundred. Cnbc, that com. Once a destination for powerhouse, now of money making powerhouse, driven by money, power and faith, cities of success saw leg city for me, cement tenison. C, B, C, serious sex one twelve.

Have the doll stores found a gotten too cheap after the masses of the client this year? Since yesterday, we've got ten dollar general dollar tree and fight below, which is dollar store chasing. And for the first time in several cause, you know what? The news wasn't all that terrible. Let's take them in.

Our dollar reported yesterday morning, but the stock that was down another fifty percent for the year going in the quarter exception tails weren't exactly sky high, but at least they were finally the low enough for dollar you to deliver a clean top and bottom be with one point eight percent same to ourselves, also looking for one point three at the same time. Imagine you raised your forecasts. Turns out dollar aries taking market here.

You've got more traffic and customers are spending more on each visit. Traffic is especially strong with their family dollar subbrand, which has struggled since they bought at years ago. I that kind of struggling really much surprise.

Now only year the dowsers have been hammered because I only dowsers anymore. They had to raise Prices to offset the high cost, plus they cater to lower income whose budgets we know are most stretched down. Trees found a way to cope, though Carry more cheap food with consumers.

Now can partly half of their sales. It's a big and that's with the chopper really one. Unfortunately, as they have, the business is still the question, which is nine, their shape.

But you also quite out the service of the multi Price three point o store for a, which offers various Price points as a way to retain their value proposition while still Carrying hier march of prox companies converted on the seven hundred and twenty stores to the three point of format less or bringing the total number of converted stores approach me two thousand and hundred. These stores now produce roughly thirty percent of dolly's revenges. And the same store shells, three point three present, very good, have get this consumers of six point six percent.

Of course, IT wasn't perfect to beat the expected prety managment called sr transl with the expected december will be impacted sure holidays. And turns out the R N D five fewer selling days between thanksgiving and Christmas this year doesn't help the dolly still looking for new f. This also the question, potential terrace, which could use some serious to damage to the whole group.

Nmc o. Michael. He noted that when they last out with the trade of war issue, dotty was able to, quote, medicate the majority of the potential impact on negotiating lower costs with our suppliers, changing products expects or pax sizes or dropping nine economically items.

He wanted to say that all three of these options, I once to instill the back and call, I think, but I know IT won't be cheap. Next up, last time we heard from five below and know about you, I change where everything's five box or less. You know, this was good because the stock shot up more than ten percent today, although again, it's on very low levels.

What happened? I five livered a month, twenty five n substantially harder, expecting rathers and safe for sales, up point six percent. But walsh IT was looking for a four percent to close that those chemistry used be vivos made a lot of progress since the total impose.

In the second question, they actually had to prevnar ced disaster back in july, along with the news that they're present. See on joe anders on the show couple times had step down from the rolls to ursus the interest kind of l speak for fired made the judge to pec A I don't know about him. Since then, fight blows has been focused on improving the value of the products and the instore experience.

And I think it's working for a long time. The key death differentiation for this business was this ability to put the identity new trends capsized on them, give you kind of a treasure on experience for its customers. The huge change source cells be tells us their backs on track, with magic calling out tail ones and tech style, and Candy always like the Candy.

The assertion, along with a strong seasonal state itself, which gather, represents over a half of the business. As for the current quarter, fibulas, the holiday seasons off to a sale, start with back friday, we can come in in line with their own expectations, even though they face the same shorter holiday season. Everyone else margin also announced that the COO in current interm CEO kind of bull continue role o park new name forever twenty one take you the range of the permanent O A permanent o of five.

A lot of people like that. It's encouraging. But the usual is a tough road ahead. Tensor tires parted in by the second trip. Administration like dog, they have a bunch of texas that useful to set the damage from high tiers.

You see, making that happen won't be easy because in a standing sixty percent of five merchandise country, china found there's doar general dg, which reported this morning. I like five world. This stock barely budge because dolphin's results for more mix.

I do they expect the revenue power that earnings miss critical, but that takes may be to the big hrk anes in the southeast. So doar general, same for shells. Were Better expected, driven by one point one percent increase in average transaction amount, add point three increase in traffic maker, but Better than expected.

Like the tree dog, general sees difficulty. Th in the consumers category, unfortunate consumers Carry some of the lowest margins of their sort. While the quarter ended on a high note with sensor cells growth being strong, october managment know that the last full calendar week, both Augustan september, where the weakest of the quarter test into customers are living paycheck to paycheck still instruction this stretch budget, and that is of opto.

Magic also mentioned that the heightened promotional environment president throughout quarter, and they expect that to continue into the next next year, sub off to. So after here from the discount general guang, where do I come down these at the other day? Most of the dollars were named, got too cheap.

But look ahead, you've got some real problems. They compete with the amazon and walmart. They are compete with each other, and a new road of trump rs could be pretty door and costly.

oddest. Ly, I read through these times calls, I found most of ordering what these dollars stores are. They really offered Better value than a walmart, or coca, amazon walmart, doing great.

Why make the things are yourself by only dollar or dollar general stock bottom? I if I had to pick one of these names, i'd probably go to fly below. You've got a Better formula than the standard dollar scores. And i'm here to here for a more about this new CEO and what she's bring to the table. IT is a standing invitation to come on the show and explain why fiber is worth getting even more excited about that I am right now that money .

is back and to the brain coming up has twenty twenty four draws to a close cram's reviewing this year's class of ipos and giving mistake on what the last twelve months of public they use signal about this market next. In the some lake valley lies an american success story.

The more success is here, the more .

success that comes .

driven by money.

power and faith. If so, do you have to break? And i've had to do a lot of that.

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In this boom market, even if you took a breather today, oh, i'm not shopping tonight. You need to stay level head i'm not boring a page from public enemy tell you don't be the hip. But I D be remiss not to say that are definite areas of access out there.

This is kind of a traffic cop of designated driver, someone with a sop. I'll be at school in perspective to bounce out the relentless potions that we all feel that's tonight. I feel compelled to tell to call out another where things you're getting frothy and that's the best performing ibs of the year.

Once like a real favorite of mine, reddit, once we reached december money measures loved the piles into the year's biggest winner. Even they're already up. You redit has been a part of that process yet.

The stock of reit, which I have repeatedly understand praise, is already up over three hundred fifty. From where came public in more I P O Price, thirty four hours open, fifty change and since, and several look back, searching to one hundred and fifty three years today. Now don't get me wrong again.

I love read IT the stop. I love read IT the number I love in the business. A little more mixed redit the message for or platform, but only because some of those sub reddit are four people who make me look comment about in R.

A. I was worried this become a cold stock, but after speaking to cope banter and see Steve f. Hutton in may, right after to read a report about quarter I uly embrace, stock companies told pro really where to get this job, since I really support upside the Price.

Upside the Price is a truly unique property in the digital advertising space, the best way to reach certain consumers and certain attracting demographers. No one else is getting to these groups. So again, i'm giving you my credentials as a reit lover, not a here been a born.

The stocks since made the latest quote reported the end of the top thing of beauty is not one of the stocks search forty two percent the next day, but the crazy thing is just keep going up and up, taking the stocks hit all time. I have one hundred eight and change on twenty first, but after quick pull back the one three week, it's found another win. I back to the one actives I say to of IT.

But here's a problem with the stocking up. When triple wear was when we spoke to hopen in may and early double work was when we last spoke to just five weeks ago. Yeah, a little excessive is by IT around to twenty seven billion lars minuit's, twenty to thirty times twenty twenty six cells or forty one times twenty twenty earnings.

But that's before interest, taxation, depreciation, immensity. And i've got to tell that I don't think is anything this level are very rich, ed, by any conventional standard. By comparison in the social media gold standard, which is made a platform stranger just seven times the twenty twenty six revenue estimates or less than twice times.

This is twenty twenty six evita. Now again, i'm going to cave IT. You could do argue that, that deserves me as premium because the estimates are still too low, even at for three beetling raised quarters of the game with accelleration revenue growth, anything feels possible, but to me is incredibly hard to justify this kind of valuation.

I think you have agree with that. But rather than mattering you about how the stocks too expensive, I won't explain how this have because it's not just read. It's one example. Nearly all the best performing ipos, vir, have shot up to absurd levels at this point, in part because we just haven't seen that many deals in twenty twenty for scarf ue. According the renaissance able, the IPO research from we've had only one hundred and thirty nine initial public gulphs year.

And while that's up thirty one percent from last and still down you from three and ninety seven deals and deals despite unless recognize the IPO market still meaningly below twenty nine, twenty eighteen, twenty seventeen levels, I think it's more bind. Now some of these figures, many coups, were hoping for interest strates to come down for the can possible. And in some ways, we still haven't gotten over the great I be a bus of twenty two plus the best.

Private companies don't really have to come publicly more. They can raise much capital they need in the private market. These days, many people thought we get a huge IPO from data bricks, me included.

This is a data storing. And late, the complete deal will never came through them. And now we know why data bricks is working on a five billion doll fun racing round that would value the company 15。 They don't need the public market.

We're just one of the highest five starts in the world OpenAI a very six porch explain a one hundred fifty seven billion dollar radiation october tons of planning from Michael and a sot bank ill on my space. X remains private IT was five to two hundred ten billion and a tender opper of sheres, or the sheer, apparently weighing a simmer transaction, this time three hundred and fifty billion. Just like test the space ex can now get that trump premium.

And IT doesn't need need to come up with that happen. If these can be did come up, they did have to answer the couple s analysts and investors every three months, not to mention the sec, the scoring change, change very hard, as if a small of venture captain is going to sign these companies ever growing valuations, give more the money they need. They have zero need or insurance, Frank.

I think it's way too difficult to come public in this country. I hope the new ministration does something about is wrong. Why is the matter? Because the great couples that do come public suddenly have real scarcely value. Again, it's not just read IT. When you look at the seven best performance from the IPO class twenty twenty four, all the ones that have more than double from the offer Price, you can see the same dynamic.

There are just aren't enough deals, we need more IP OS gets in a lange language of three and six percent, is a land and resource managment company, controls two and twenty seven thousand surface seekers in the old permit base. This become more the hottest st areas of the market. If just see text as positive, lank word is, is, is a good, perfectly.

So this stocks more than quite you from its offer Price. The r hole is up two hundred twenty 2 percent in ni ero patient defensive can be components speaker。 That's a high area too.

So the war as stereo labs is an A I infrastructure. ay. Not many of these have come public, so I stares up two hundred and twenty percent american health care.

It's a play on outpatient care, senior housing and other hot areas. And health care is zoom up one hundred forty one percent. Boat specially holds.

T, F, G. These are both insures copies with premiers at the highest levels in years. These shine new objects in a hot sector at both double. So we did know what's happened in the space. I think this broth and IPO and is a result effect we simply have and had as many IPO as we'd expected this year.

Think about IT with the best performers, the best performers putting up such particular games, you think probably how companies would be brushing to come out 了。 But that just hasn't happened because there's so much more venture capital money floating around and it's so difficult become public. How long can this last at least until we started seeing many more ipos with much more money being raised.

And when that happens, you just started seeing people sell this year's top performing apis to raise funds for the next big deals. That's the typical tale of the market. These appeal cycles don't run out of steam until we get flooded with new supply and there is no more money left to buy stocks.

But we're knowing near that point early. In fact, we seem pretty dn far away from these new hires should be happening. Here's the bottom one.

I'm begin you to remain grounded in this environment of incredible services. If you one of these ipos is double, triple or quite, you but wanted sell some your position so you're playing without of money meter. All these games are purely on paper until you ring the dorm register.

Yes, there's a good chance that you won't make as much money because what i'm saying, but there is also a good chance that you have no regrets if the market ever takes a big IT and these red hots cool l down, dramatic something now again has going to happen. H and don't worry, if that happens, you can always get right back. And IT to this is lower levels with that company took up the table. But the really great news here is you ball read IT when I first recommend that you can always take some of the table and play with the houses, money making IT impossible to lose, let's take course, is going to .

jaw in new york jail. Hi 我。

I am good.

You will have a you going fine. Thank you so much for taking my call. sure. My stock, my friend is oracle. Um there are news to do in a few days, so I don't know, should I hold this? What's your outlook?

Okay, it's fun. You know this. I talk a lot about winners, my terrible trust.

I have to tell you that I took, I took a hit oracle because I kept waiting for the turn to occur, but the turn is now occurring, is up gigantically, about seventy six percent. There wouldn't be anything we taking a little off the table. I wouldn't mind doing that. But someone might just say, jim, you told us to get out a bit much slower. S so therefore my credibility is not as great an oracle as many as talked me talk about but I still thank you for your trust that's going to john and am washing john.

Human and chill .

man is in town. What's happened? We're chilling here. By the way.

what do you think about Vivian stack were okay, two thousand and twenty five.

I don't like the autos I live in. I think here's a safe bet to stay alive, which is what I care about. But as far the common stock, I think they should keep praising money is really hard to be an auto company. I need to get a robby in calf.

Robby tim boyer from california.

What's well.

a few weeks ago you said to hold off on super regularity, but I want to back the truck up. What do you think? Um okay.

So this is really a difficult one for me. And the reason is because because of my discipline of accounting, regular sell, but I can't violate. I've been saying for a while now and I can't deviate.

There are the other people say, you know what is worth the risk, but my rules that are grounded forty years investing, say, canny regularity, is just not going to be something I can recommend. Or they are minning. Now you have to stay gravity.

This jugan viral is going to provide, please. And if you do want some of these red hot ipos and you guys into someone because of my reward was pushing, i'm suggesting you you sell some of that position ers. So you're playing with at least some of the houses money very much warn that money had.

And couldn't I look at the ball bear cases for upstart exertion, contradicting angles then I think a closer look at today's crip the moose and giving you my latest and proper taking this tape of all your calls. Of course, rapid fired. I 只是 外 流量 to stay with。

Maybe see some crazy moves in the financial technology space. I think people are betting the top ministration of very much for lacy fair attitude on the regulating front. Ever since you action, the pinted gains have been remarkable.

Fifty person forms of fifty percent and thirty. And those are a big voice. The small one is really even harder.

That's right. Tonight I want to focus on one prick, their first tech play. You might be famous than the show up start. For those who who don't remember, I started a consumer letting platform that connects millions of consumers with over a hundred banks and credit unions that use the compound AI models cloud software to make lending decisions. At the same time, upstart is a good deal winning on its own.

This company came public at the very end of twenty twenty, and IT was one of the hot stocks in the plant for much of twenty twenty one, rising from an IPO Price of twenty hours to an all time. I have four hundred one dollars in mid october twenty twenty one. And then I just collaged what all the other hot test stops to twenty one, all the way to a webb dollars that IT slows, made twenty, twenty three.

Even though recovered from those levels, IT took a long time for a charge to get this group back. By late during this year, I was still traded just twenty three dollars and change barely up from a slow late twenty, twenty, twenty IPO Price in the last few months. So IT has caught fire cluded the seventies, including a forty five percent game just since the election.

I bring this up because are all this week, we saw two different analysts take drastically different positions on upstart. On monday, jp, more, even as they raised the Price, are critically from forty five to seven. Then on tuesday, return t atlantic, upgraded upstart from neutral to measure the tripping, the Price is taken from thirty seven to ninety five dollars.

Couldn't the same organizers are saying that the funds basically over while the ribbon nalls seeks to be, just get start, who's right? I love these animals face of situations because they ever want to study the best arguments for and against a stock. And that allows us to get to the core of this show.

And by the way, if you own in because you a lot more staying power, you will feel lot Better. And if you don't, okay, we make you soon. Why don't we stop with more negative view from japan morning? This was actually part of a broader sector note is adJusting rating for the nine stocks in the ana.

An analyst regional Smith fin tech coverage universe, the j moran animals noted that the aggregate market capable these nine fin tech talks had increased by sixty seven and billion dollar here a day with a sense ly all that valuation coming after the fed's first rate cut in its september. While lower rates are definitely good for many of these companies, the I don't believe they are that good. The every one team didn't come out against the whole group though.

They like shop fy, the e commerce enabler, and a firm which does buy. Now later, I couldn't agree more. You know, I think both copies are critic.

But for upstart specifically this morning, kid, no longer countless, and stocks evaluation, they are get less time to stock. Was in the high seventies, IT was doing thirteen billion dollars and analyzed loan origination bim eight times current run, right? And it's true.

I've start financials are much, much worse than they were three, four years ago. Specifically, the company is much less revenue these days. There is expected to bring in six hundred million this year versus eight hundred and forty nine million.

And twenty one of charge currently unprofitable to where IT was pretty money at back in twenty twenty one. That's because people were much worried in getting loans upstart back in the days when interest rates were super low. On the other end of stars of dollars, stock be in late twenty twenty one, but it's merely as sad for our stock now.

So IT certainly reflects a fair amount of determination. And in the spirit of fairness, we should know the consensus expectation for twenty five and twenty twenty six are much more bullish and upstarts current numbers couldn't return to profitability next year if the losses in the last two years. As far as i'm concerned, you should be basing your stock pips on what's expected for twenty twenty five and twenty six rather than what's expected for twenty twenty four, which is over the rest of four weeks.

But James is not wrong that at the moment, this couples a hack a lot worse than I used to be in what is the bulk ase for a upstart from red o analysises on clinch got some interesting ideas in a conventional little summer. Right at top of the note, he explains that of now had two concepts, res of positive, very surprised with encouraging guide. But following the most recent only report about a month ago, he sees, quote, a clear positive inflection in fundamental, and quote, which, in his words, quote trivet almost entirely by the companies.

Is latest AI innovation equal ai? Beyond that, Robert and landlady, that there are still upside potential from falling us interest rates, which makes sense to me. Basically, the argument is that the worst behind up started this point as long as the think keeps cutting rates, that's unquestioned.

true. But then the return, ala. Said he believes up starting get to two and fifty dollars the next five years.

Now that would represent a two and percent game from here. Perhaps not wanting to sound unreasonable, he really raises Price talk from thirty seven dollars and ninety five dollars. Now the three plus page upgrade from reb.

Bert land that goes into much more detail than that, giving context for the reason, Better than expected results, offering detail. And i've started new A I technology, also getting into some of the new growth opportunities. One three lines of credit, the els.

Also, I argue that upstarts Price studies molti should expand as the company goes, quote from fin to tech. That's super fuddy. I'm looking for the inside swear.

So where do I come down in the upstarts situation lock? I recognized the things do look Better for the company today than they were then. They have really, for the most of the past few years, I call me skeptical about the business, especially now the stocks already moved so much.

IT was shocking up quickly of starch business fell apart when the fed started tighten. Twenty, twenty two. Much of the bushes here comes down the fact that the factors are friend again.

But I think wall street get a little ahead of itself by expecting substantive number recuas push, I don't think are going to happen. Economy just too strong to marry that. If doesn't, am I worry about a sharp will struggle make those numbers more? Probably I am still not really totally a bit of sorts.

A I learning technologies, all that different from what a banks using traditional fighter, of course, can do bothering. I like to start a fight. But if in the day the real problem here is we have no idea how to value the stock wall street expects upstart to earn just over one dollar per share in twenty six.

So the stocks basically trading at nearly seventy times and out of your number that I don't have a lot of conviction in, plus as long as I started, retains an interest in the loans and originate IT deserves a trade like more of a financial and less of a text. Here's the bottom line. While i'm truly happy for the upstart buls I really am i'm not ready to join their camp yet, especially considering how much the stock is already run, I think were circling back of big sell up. But you know what, I prefer shop fy or a firm over upstart. No matter what the fed does, that money is back at different.

Coming up claim or takes your calls and the sky is the limit is so fast, fire lightning .

around next.

And then the lighting run is over. Are you ready? Now show jim first fall.

I love the show makes for the hard work you and your team put into. IT team puts a .

lot of hard work and become, and early. We stay late. How can I help?

R, I. Jm, so I was looking for a man chipmaker A, I infrastructure position. No data center.

I get you. And I came across a company called vertige holding sibel. BRT. Here's prop.

You just came across IT.

Others have come across IT. One before we've had them on and really, really well. And it's up like ten talks now, but here's what matters if you buy some and then let IT come.

And you know what, i'm fine. I just don't want to buy all at this level because IT is very high. Let's go to Steve in and .

roll and Steve in cream.

Oh, thank you. Fine.

right? First time in one time .

was very good. Thank you.

And what I wanna say, thank you to your cooks in the best. And my stock is sound. How I H my finally .

have been student, and I is our chief scientists, also reason we realize how we cw IT finally broke out. I thought I never would. And like a day is, once they go power about like this, you usually had a couple days of probably, but then please kitching kitching.

I could not believe that would probably have I do that to have, but you finally happen. Let's go to race, ebt them. When you race .

a gma. Take old H O O D.

right? This is what I call, this is what I call an upstart. alright? Everyone suicide.

That this is the fin tech want to buy, they come on. They're been high promotional at dinner iron reversal today, which I typically don't like. I think it's had to thirty five. We can revisit IT there. Let's go to Patrick in california at rick.

The the plan. Thanks for taking my call.

of course. Thank you.

My question today is about limbaugh holding.

alright. Now this is an a fact. This is what we have been getting.

A lot of structure places. No problem with that of going to go there. I insisted you going into train or Carrier are wrong with this.

If you know this, this is this back. I like the others because they're not back. How about we? A granic couperin grand.

Hi jane. Thanks to take in my call course. You, I just want let you know that i've been a very happy member of the clock to the gay one.

Yes.

I want to let you know that because of you, I made my first purchase of the via back in August of twenty seventeen.

Well play, well play. We made a lot of money together then. Thank you so much.

Thank aliza of games and one and bring the company is to our attention.

I is one gencer. He's a remarkable man. Thank you going. I want to ask you .

about the futures guy work solutions, and it's OK. I also want to ask you about this.

I, I, I was talking all day about that. I take IT ridiculous that someone put one hundred and eth is much until liam ripped as an amazing CEO. I think you have to suffer through one quarter or even two course before you get a turn. IT is going to take that long. What do we go to trade and taxi trade.

jim, as soon as you walk into my off, as you see a picture of my wife and I on our wedding day, serving as a constant reminder of just how lucky I am to owners in your taxi.

I mean, I was closed to mean you. I get that I am a close word myself ahead. I look like Bruce .

wing when I put this bad boy on welcome the way enterprise. My question is, do I end up with that man money? If I loaded the vote on Daniel stock here.

you know I am avoid of anise stock pretty specific because I did not really understand IT. But I notice this boat that's not enough. I'm going have to do a full work up on saa problem. I'm a oni guy is going to jail the jersey joe.

Hello, mr.

cramer. Thank you. Have been pretty .

good doing some Christmas shopping. And I just want to know with a fine line of a power and all that I buy is routed in a buy a here at.

okay, I have been on ever since portrayal that he came in. I have just thought this was one unbeliever situation, and i'm doubling down right now. I think he goes hard. I like R, L, and that.

The lighting road is sponsored by Charles swab.

The boring of traditional investments with any other attempts to make money has start to get a little ridiculous. I think what else going to say when I hear that Robin is considering a move in a sports betting? Yes, IT could take the form of a vent contracts, like the one's Robin who had put out there for the interdiction 项。 You may dismiss IT, but the news was defended enough to momentary knocked down the chairs of sacco.

Gaming comes, I got the drift. Games flutter a pen, enter tame, which is behind the S P, N. bb. That's a statement of tena fair. Well, one first, as I had heard at the top of the, i'm fine with alternative investments like trip those as long as they are part of a diverse by portfolio.

Look, if you insist, all, although i'm uncertain ly against IT, you can make delhi fantasy football is part of polio for I care I heard some government air today will pretty shame, talk about experiment with some mean points of the holidays and i'm sure be politics and find good idea me. I was thinking more about in a different, different crat. Oh, I forgot.

Just give me some those point. But let's step back for a second. We've been running cautionary pieces all week about the problem of being cocky when buying expensive stocks, the only nothing, the building of a higher filled with the stocks of companies that lose money.

I don't want you to buy stocks when the Marks overboard, which is why we keep pounding that into the heads to see we see investing club members, perhaps to the point of little, create overkill. You know why i'm a hard liner in this stuff them because anything and everything can go down. Like many of the great stocks that went down today, I keep stressing this point because while this all seems so easier on winners and stick with them, in retrospect, IT wouldn't feel so easier if these things were going down too.

We've experience in unprecedented and pretty much everything. And I do mean everything you might think now that you're a plan, investment, whatever the heck you're invested in and you probably rich, at least on paper. But let me throw in something else that you need to consider for whatever as you think you have province in, whatever non fungible token, whatever so long, whatever joba, whatever red away chip stock you're up, you join you most in vatican do not actually have a profit until you sell something right now.

Sounds like a whole rendered sound, right? Jim crame, we're heating the cash rated, but like some old cogers calling me and making me poor, that I need a bit, he keeps me my mythical change of poverty. I say that you need to imagine a world bar access, not only go up and go down.

Imagine a world where the bank doesn't take former profits and losses. I remember speaking about some stocks that proceed to double and even triple back in the turn. The lots of people listen, but they either didn't hear me when I said he had to get out now in mid march or point of two thousand where they chose not to list.

If you didn't sell, the dog comes at that point. You know what? You actually rushed your shirt and you ve been up huge, as my late modern always said, is all funny games until somebody got heard. So go out your kids over the holy deck, the holes with bowls of holly. Don't forget the vice meme stocks and maybe even put some of percent to when he comes down the chimney to give you kiss. He'll like them a lot more than the played of cookies you've been put now form and as long as he reads the registered on his part of his position, he too can let the rest ride I like says always more Marks my promise by just for you at your my money and you paying, i'll see more.

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