← Mad Money w/ Jim Cramer
Mad Money w/ Jim Cramer
Mad Money w/ Jim Cramer 12/1/25
00:44:24
Listen to Jim Cramer’s personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money. Mad Money Disclaimer
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Known as the pioneer of Paso, Justin Vineyards and Winery produces exceptional wines perfect for enjoying this holiday season. Like Isosceles, their flagship Bordeaux style red blend, Justin Wines also offers unique and thoughtful gifts. Pick your wine, choose a box and add a personal message, icon or logo. You'll also find curated gift sets, library wines, magnums, even custom etched bottles. Start gifting today. Visit justinwine.com and use promo code money20 to receive 20% off your order for a limited time. Fidelity Activ ETFs have the flexibility to shift and transform as markets do the same. So instead of just riding an index, they can seek to outperform it by adapting to market conditions and pursuing new opportunities as they emerge. And while you get the potential outperformance of an actively managed fund, you can still buy and sell it on your terms just like any other etf. Markets can change in real time. Make sure your ETF can too. Look learn more@fidelity.com active ETFS before investing in any exchange traded fund, you should consider its investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus, an offering circular, or if available, a summary prospectus containing this information. Read it carefully. While active ETFs offer the potential to outperform an index, these products may more significantly trail an index as compared with passive ETFs. ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Fidelity Brokerage Services LLC Member NYSE SIPC.
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Hey, I'm Kramer. Welcome to Mad Money. Welcome to Cray America. Other people make friends. I'm just trying to save a little bit of money. My job is not just to entertain, but to put it in context. So call me at 1-800-743-CNBC tweet Meyim Craver in this corner, weighing in at $4.27 trillion is the reigning champ, Nvidia. In the other corner, coming in at around $86,000 is the challenger. Bitcoin at stake is nothing more than the stock market itself and we don't know which will win. If Nvidia triumphs in this high stakes contest will probably go higher. If Bitcoin keeps going down, the stock market's definitely headed lower, which might sound ridiculous, but it's the truth. The price fight is dominated. A session where the so called regular growth stocks look strong, but the speculative stocks looked atrocious. Dow sinking port in 27 points. SB declining 0.53%. Nasdaq just shedding 0.38% a little stronger than it was looking very early this morning. Now, given that everything was down when I came in today and nothing major turned up until Video unveiled an important initiative with Synopsys, an electronic design automation company, I think it is safe to pin any upside that happened in this market today. From the good news from Nvidia, which by the way rallied $2.92, that kind of rally from the world's biggest stock is very important to the overall market. But I want you to understand that Bitcoin has a peculiar, almost unknown hold. Maybe I should say chokehold on much of the market, because as I painstakingly detailed in this weekend's Investing Club Think piece, if you add up all the crypto derivatives, it makes up a surprisingly substantial chunk of the entire stock market. Unlike equities, there's a bet, the farm aspect of crypto that threatens the averages every time bitcoin sells off like it's doing now. Of course, crypto comes in many forms. There are those who hold it as a store of value against economic catastrophe, especially in the form of debased currency. There are those who think it can be used as a currency itself, if not now, that perhaps in the future. There are investors, many of whom have made fortunes until recently. And then there are the speculators who borrow money to buy crypto simply because they believe it's headed higher. Here I'm thinking mainly of a company, an actual company called Strategy, formerly Microstrategy, that simply become a leveraged bet on Bitcoin itself. Michael Saylor, frequent guest on Squawkbox and also the CEO of Strategy, is a true believer to the point where he's been willing to take more than 8 down $8 billion in debt to buy additional Bitcoin. Hey look, that's terrific position when bitcoin's going up, but it's a disaster when bitcoin's going down. There's always a contingent in the market who views Stuff Sailor as a wannabe Humpty Dumpty. They're just wondering if this fall means all the crypto's horses and all the crypto's men won't be able to put strategy together again. The incredible tentacles of bitcoin stretch into so many different areas. Obviously anything crypto mine, but also like quantum computing, uranium, alternative data center energy, even flying cars that may never pass FA muster. These groups tend to all go down at once, leaked by speculative fervor and what's essentially volatile bets on the far out future. It's all rank and taken Together it's dangerous to the market's health. My biggest fear, my nagging nightmare. And it's ignored by Wall Street, I think in part because the whole complex generated huge fees and the industry never met a fee it didn't like. Now let's talk about the force of light in video. Something's been nagging in video ever since the stock touched $212 the end of October. Despite the company's unassailable long term record, the what have you done for me lately crowd has turned on this stock, hitting and booing it early this morning. Even flirted with $172. Now I could regale you with the slings and arrows aimed at Nvidia stock, but let's just deal with the current embrolio. Nvidia was thought to have almost the entire semiconductor market to itself not that long ago. But lately we've seen Nvidia become a punching bag. First, AMD unveiled a competitive chip, one that was adopted by OpenAI. Not long after, Nvidia said it would invest billions in that company and received a gigantic order for semiconductors itself. Then Google announced it was going to expand the production of its own chips, which had always been presumed to be in some by some, some sort of in house afterthought until it showed the world how terrific they were. Then they leapfrogged into possible oil order, possibly an order from mega Nvidia client Meta to Google. To even think that Metta would team up with arch rival Google and anything would be difficult to imagine. But to pay Google rather than in video in order to bring costs down. It's a travesty. And don't Forget that there's Gemini 3 another reason to be able to want something that Google has all on top of that our government saying that China remains a no fly zone from videos best chips. Even though I'd argue that in our national interest to get China addicted to Nvidia semiconductors. But they call me a globalist. Next thing you know, Monopoly with gigantic Chinese profits looks more like it's a China less unhappy oligopolis. Which means the end of Nvidia's big profit margins and the beginning of its lion and winter scenario. Since then the stock's been just a complete nightmare. Sometimes I feel like they should change the symbol from NVDA to to dnr meaning do not resuscitate until today. Today when Nvidia announced an expanded partnership with Synopsys, a company that helps to automate the process of chip development. Synopsys received $2 billion from Nvidia as an investment to cement the relationship. Take a listen to what CEO Jensen Huang told us this morning on Squawk on the Street. This is a huge deal. The partnership we're announcing today is about revolutionizing one of the most computer intensive industries in the world, design and engineering. Jensen on offense now this partnership marries Nvidia's lightning fast chips with the tools of synopsis to create simulations at speed and scale that Jensen said was previously unimaginable. The hope here is that anything involved in the manufacture of any large product can be ordered automated, revolutionizing revenue, sizing the way things are built. Do what this means means attacking a $40 trillion construction industry and making it much easier, simpler, less wasteful and of course cheaper to build any large project from gigantic bulk carriers to aircraft carriers, for example. Let's say this is an example. Boeing spent $15 billion developing the 77 Dreamliner, which translates to around 25 billion in today's market. Got to believe a big chunk of that went to prototyping, something that this technology could allow them to do digitally for much less money. It's more likely that new and old companies would begin to build manufacturing plants that are much less expensive and therefore increase the rate of success. It could be just a productivity enhancer maybe We've never seen this announcement did two things we one it tells you that there's going to be a replacement cycle of immense proportions since everything's built around much slower CPUs versus Nvidia's GPUs and 2 that whatever you may think of that hyperscaler horse race to build out chat bots that we all know that may not be as important now this this announcement has come out. Or to put it another way, there's certainly a lot ride on Google's chips and what they might mean to Nvidia as well as any possible slowdown in OpenAI's growth if Google's Gemini 3 picks up steam and Open Air, closer affiliates in video fold it could be nasty. However, in the end that's a business to consumer strategy and the stock market has historically found business to consumer fickle, hard to game, not worth as much. But Nvidia's work with it with synopsis while almost invisible to you, the consumer has much more potential to actually make a lot of money. Wall street you see loves business to business. This is business to business. Well, this is not just deal stem the selling and Nvidia stock. Oh, it's hard to tell given that we could get a data point Tomorrow. It's so critical of the big data center build out that it takes everything down. Still, though, this deal matters, it wasn't for show, it was for substance. Business to business. And it turned at least that stock around today. The bottom line, I never like to say, well, it's anybody's guess. I would say, however, that it seems like the speculators are going to have their hands full with humpty bitcoin. But the Nvidia backers just got a second win that could be meaningful for more than just one day's action. Let's go to Jerry in Missouri. Jerry, Jim, thanks for taking my call. Of course, sure. What's happening? Jim, you talked about this stock many times and written about it in your new book, but wow, does its price swing a lot. So my question is this. Should I just hang on or is it a good stock to trade around a core position and if so, can you give some parameters for that trade? And I'm talking about Reddit. Okay. I am not going to, I am not going to recommend that you trade around this. I'll tell you why it's at $42 billion. I think this company has within it more quality things to train on, more quality ideas, more quality writing than people realize. It's incredibly undervalued. Steve Hall Hoppin should come on the show. We would go over many of the different sectors. I go into Reddit constantly. I don't know about you. I think it's worth a heck of a lot more than sell for. Let's go to John in Arkansas. John, booyah. Mr. Cramerica, booyah right back at you. John, what's going on? I don't want to get too far in the weeds, but I'm curious about McDonald's stock price, the dividend with respect to commodities. You know, we had mad cow, avian flu, swine flu, fuel shortages. Just your thoughts on that, sir. I appreciate what you do and you know, you are Mr. Crime. Eric. Okay, here's how I think about that. There's two ways I want to look at it. I don't know if you're, if you're on the app of McDonald's or you get the deals every day, they come at you with something that just is just a door buster idea. Secondly, I think cattle's peaked. I think it was, I think was a generational high and it's coming down. And that to me says bye, bye, bye, bye bye. The stock of McDonald's. And thank you for the call. Bill in Massachusetts. Bill. Jimmy, I love how Simple. The club and you and your staff make it for us, people that aren't college educated. I want to understand. I want you understand how much this means to us guys. You give us the information we need, you interview all these incredible CEOs. It's just. You must have an amazing life. I really. I have a fantastic staff, first of all, great staff. But second, I love what I do. And what I do is try to help people feel like that you got a shot. There's so many people in this country who feel you don't have a shot. And that's. You know why that is. They want your fees. They want your money. I don't want anything. I don't want. Okay. I wrote a book, okay? So I want that. No, I got it advanced. It's like, you know, it doesn't work. Let's put it this way. I didn't do it for the. For the price of the book. I did it because I want to help you. Amazing. You're an amazing person, Jim. Thank you, buddy. Thank you. How can I help today? You know. You know me, Boston Bill. I'm your friend. Friend of the club. I love what you guys. You guys stand for American values, which I really enjoy. Tonight, I'd like you to go over a little bit. There was a little incident with cme with Vertical holdings and their cooling system. Could you go over, enlighten me a little more about what happened there and how, if it will or how it could affect Verta. Well, I think Vertiv actually opened down today because people felt that they were somehow involved with what happened with Cyrus One. All I know about Vertiv is their order book is really full. You need Vertiv. That's Liebert. That's the best cooling system everybody knows. I first started buying Liebert in the 1980s, and that was the highest, best form of air conditioning. That's what Vertiv is. That's why everybody loves it. And by the way, I think it's a buy right here. And Bill, thank you for saying those things. You know, you just go over, you have a holiday, your family, they're all asking you when you're done. When you're done. When you're done. How about I said, when do you begin the synopsis? Deal really matters. It has substance, and it turned the stock of Nvidia around. Today, Nvidia backers just got a second win, and it was needed on tonight, the data center stocks have been joined at the hip into one key catalyst that has changed the way these stocks are trading. I'm going to be on what it is and how you can survey the space. Now then we heard from Letter A Agilent last week and things are looking brighter in the life science industry. At last I'm showing you what stocks you should be looking at because I think the outlook just got a lot rosier and you quoted in and you stumped me on four different stocks. Oh no. So we're having a rapid fire homework segment and I'm running through all the names I didn't know what you asked me and some of them. No one of them is real good. Stay with creepy. Don't miss a second of Mad Money. Follow imkramer on X. Have a question? Tweet Kramer Madmentions. Send Jim an email to madmoneynbc.com or give us a call at 1-800-743-CNBC. Missed something? Head to madmoney.cnbc.com on Fox 1 now you can stream your favorite live sports so you can be there live for the biggest moments. Touchdown and catch history in the making. Gabby Meat Box one We live for.
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Indeed. For the past few years, virtually every stock connected to AI and the data center has been joined at the hip and they steadily march higher together. But last month that changed. Over the past two weeks, it's become very obvious that Google's Gemini 3 is now the best of the chat bots, surpassing OpenAI's chat CBT. I know I've totally forsworn chat CBT for Gemini 3. I just find it more comprehensive and better, let's say, at interpreting things. The Gemini 3 improvement was very good news for Google and all the stocks connected to the AI efforts, but it also caused everything connected to OpenAI to get whacked. Didn't help that we've been hearing more and more worries about OpenAI's lavish spending commitments. I mean, come on, this is a company with $20 billion annual revenue run rate. What's going to exit with that? It might be on the hook for $1.4 trillion. So Google stock sort as did Broadcom, which helped make the custom processors that were used to train Gemini 3. Hey, same goes Celestic. Remember that 1 CLS, the contract manufacturer, and a couple similar networking equipment vendors. We don't talk much about Lumentum TTM technologies. At the same time, what we're calling the Open Air complex got hit, and That's Nvidia, Oracle, AMD, Microsoft, along with the data center operator Coreweave and SoftBank, the Japanese investment firm. The Google complex and the Open Air complex used to trade together, but now they started moving in opposite directions. The five stocks in the Google complex were all flat or positive in November, up nearly 18% on average. While the six names in this open AI complex, they were all in the red. They were down an average of 20, 23%. At the same time, we're starting to see another parallel contingent of haves and have nots. This one's the hyperscalers that have good balance sheets, leper scalers that have not good balance sheets. These are companies that have poured tens of even hundreds of billions of dollars into data centers. Think Alphabet, Microsoft, Amazon, better Oracle and some private firms like OpenAI itself and Elon Musk. On a smaller scale, we're seeing something similar similar with the smaller data center operators like Core Weave, Nibius. On Friday, a sales desk note circulated by Tony Pascarella. He's the global head of hedge fund coverage at Goldman Sachs. It broke down the two groups. He says that Alphabet, Metta, Microsoft and Amazon clearly have the capacity to keep spending like crazy on AI, while Oracle, Core Weave and Nebulous, well, they got balance sheets that are much more strained. Pascal points out that the outfits with stronger balance sheets have started performing much better than the ones with weaker balance sheets. We ran the numbers ourselves. The former group was up an average of 1% last month, while the balance sheet have nots were down nearly 32% on average. I mean, it's pretty obvious. That's the fulcrum. Hey, speaking balance sheets, now the Wall Street's getting worried about all the data center spending. Apple starting to look real smart preceding on seeing this whole time they were criticized for that. I don't know about that anymore. Like I've been saying, why should they sell out billions to build out all this infrastructure when any of the generative AI companies would happily pay them tens of billions to be the default chat bot for Apple's ecosystem? Apple's up over 3% in November. It's up over 13% year to date. Big multiple expansion. Now if I were imagining one of these chat bots, I was, and I was up against Gemini 3, I would be running to Apple with my checkbook in hand, hoping they would let me pay them to be the default AI site. But I think only Gemini 3 right now would rank as acceptable to Cupertino. So what we make of this data center divergence first in general I think is actually pretty healthy. I'm never going to root against higher stock prices. You may own one of these stocks, but there was always something unsettling about the entire cohort rallying in lockstep. Now that the investors starting to think a little more critically about which of these companies deserves to be winners, I consider that a good sign stock picking matters again. At the same time, I need to warn you about chasing these ideas. If you want to buy the Google complex names I just mentioned, you're probably a bit late. The gains from Gemini 3 already seem to be baked in quite a move. More importantly, last month showed us how quickly things can change in the space. While Gemini 3 has suddenly become the top dog in general, it's possible that one of the other contenders can make a breakthrough and leapfrog them just like they leapfrog Chat GPT. Hey, just today we learned there's this private AI company I've never heard of, Runway. It's created a new AI video model. It's supposed to be better than anything on the market. And who knows what chat GPT6 will look like. I mean, I'll check it out when it comes out. Maybe with the help of new GPUs from Nvidia, it'll be even more impressive than Gemini 3. And the moves we saw last month will have to reverse or at least moderate a bit. Long story short, if you want to keep betting on the data center, you need to be more alert to what's happening in the industry and more selective with with your stock picking. Finally, let's be careful not to paint with too broad a brush here. For example, Nvidia clobber last week last month on worries about newfound competition. Remember, it's also part of the so called Open Air complex, but let's not forget that Nvidia just reported a blowout set of numbers less than two weeks ago. With excellent guidance for the current quarter and broader market dynamics notwithstanding, Nvidia is still essentially sold out for its latest generation chips. Demand for these things will far exceeds supply. And don't forget what happened today when they announced the deal with Synopsis. Until everything changes or until the company stops being the average, the industry standard bearer for AI developers. You know I got a real hard time getting too negative Jon Jensen Wallace Company. You know that. Once again I say own in video, don't treat it. That is my takeaway. That said, I am concerned that OpenAI feels like a big unsolved mystery. Until we get some kind of resolution about the status of their a clear indication that they'll be good for the money they're committed to spend, or worse, a clear indication that they're not good for it, then we're going to see volatility for the stocks of companies that are most clearly linked and closely linked to them. Unfortunately, that does include Nvidia, which doesn't necessarily need Open Air, but it's on track to receive several hundred billions of dollars worth of revenue from them, either directly or indirectly over the next several years. That's assuming OpenAI can raise money to pay a bills, maybe has to come public and borrow even more money. I don't know. So here's the bottom line. Last month the AI data center stocks finally started trading independently. The Google Complex cohort roared while the Open Air complex got hammered. Meanwhile, the hyperscalers with great balance sheets held it much better than ones with strained balance sheets. Just keep in mind that things change very fast in the space. So what was true last month might not necessarily stay true this month or next year. That said, it's hard to go wrong betting on the companies with superior balance sheets. As for ChatGPT versus Gemini versus everyone else, that changed in a heartbeat. Bitmoney's back after the break. Coming up, there's always a bull market somewhere, and Kramer's revealing an under the radar sector that's been showing strong signs of life. Next on Fox one, you can string Fox's biggest moments live. Get out bigger. I can feel the sweat and I can smell it a little bigger. That was genius. Yeah, that's what we talking about. Fox 1. We live for live streaming now. Streaming is changing the way we watch live sports and your Internet connection can be the difference between catching the game winning touchdown as it happens or hearing about it from your neighbor's cheers. That's why Comcast is building the network of the future. Using cutting edge AI and edge computing technology, we're bringing fans closer to the action in stunning high definition with ultra low latency. It's not just fast, it's game changing. Learn more at comcastcorporation.com sports known.
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As the pioneer of Paso, Justin Vineyards and Winery produces exceptional wines perfect for enjoying this holiday season. Like Isosceles, their flagship Bordeaux style red blend, Justin Wines also offers unique and thoughtful gifts. Pick your wine, choose a box and add a personal message, icon or logo. You'll also find curated gift sets, library wines, magnums, even custom etched bottles. Start gifting today. Visit justinmind.com and use promo code MONEY20 to receive 20% off your order for a limited.
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Time. Last week just before Thanksgiving, I got the chance to speak with Agilent Techniques Technologies, that's an arms dealer to the life sciences industry. A long time ago this stock, known as letter A for its stock symbol, was a great growth vehicle. In the decade before COVID Agilent chart was just a thing of beauty. Then when the pandemic got rolling, the stocks were even higher. And ever since the pandemic receded, things got choppy for this one, but also for the entire industry. The life sciences companies had all the equipment they needed, so the whole group spent years in the doghouse. Lately though, the things just caught fire. Adams now more than 55% from its April lows and that interview with CEO Porig McDonnell on our show was very encouraging. The company had just reported a very solid quarter last Monday night with a 7% organic growth and he made me feel like the business is really turning around. Now some of that's company specific, but some of its industry wide McDonald's playing that they're seeing a big push for reassuring in life sciences manufacturing federal initiative along with the rise of novel types of medicine that require more hardware to produce. At the same time, the Trump FDA turns out to be a lot less disruptive, many on Wall street expected even with RFK Jr at the helm at Health and Human Services. That got me thinking. Maybe it's Time to circle back the rest of the group. I used to recommend these arms dealers to the life sciences cohort. Pretty regular deal. But then if they went out of style at the Wall street fashion show. But if Agilent's turning around, then the same should be true for its compadres. That's why tonight I want to walk you through the best players in the industry. Now first there's tried and true but lately trying Danaher DHR conglomerate that became more focused on life sciences diagnostics when it spun off its water and product quality testing business. As for Alto a couple of years ago, we own Dana for the Chapel Trust. I got to tell you it's been really frustrating for the past couple of years. Even though we bought it during the post Covid washout. Turns out that was early as the stock languished for a very long time. Lately though, Dana has been acting much better. It's up 31% from its Aprils, is up 25% from its more recent low in April. I'm sorry in September. Now get this, in late October in the middle of the stock market most recent rally, Danaher reported a strong quarter driven by solid growth numbers from the company's crucial bioprocessing division which have been so languishing they posted a small revenue beat with a solid 3% organic growth as well as large earnings beat while management really reiterated their full year sales and earnings forecast. That was enough to get the stock. I told you it's been just a hellhole. Get the stock moving higher. Look at Wall street expects Standard to put up its best growth in years in 2026 mid single digit revenue growth and high single digit single digit earnings growth. If they can hit those targets, I bet the stocks keeps running. I still like the stock for the Travel Trust but we bought some stock real low in this one and I'm thinking of trimming it if the Stock jumps another 10 points. But 10 could be a lot. Next there's the biggest player in the group and that's Thermo Fisher Scientific which does a bit of everything, selling big ticket equipment, consumables and services to companies all across the life sciences industry with a new focus on clinical research services followed by by the. That's because of an acquisition they made called PPD a few years ago. Thermo Fisher experienced one of the biggest declines in the group earlier this year, but its stock had a strong recovery since then. It is currently up more than 50% from its mid June lows. You know I feel particularly good about this thermal Fisher because, well, I got to speak with the CEO Mark Casper in late October. He told, he told an excellent story. This was right after the company reported good quarter, a healthy top and bottom line beat with management raising their full year forecast. Casper told us about strength across his businesses. Not only are his commercial and end markets doing great, but even previously tough areas like academia, which really shocked me given the way the government's been. Government itself and China, which has been terrible, were solid and growing in. Casper also called out the reassuring theme that Agilent mentioned last last time. At the same time, Thermo Fisher is also partnering with OpenAI to create new tools and technologies that the company hopes will help speed up the drug development process. A real world use for AI that costs. Well, it goes beyond cost savings. Plus some of the acquisitions Thermo Fisher made recently. They're starting to pay off. The company actually announced another deal a few days after that interview. They're paying nearly $9 billion to buy a company called Clario holdings, which will give them even more exposure to the clinical trial ecosystem. Putting it all together, Thermo Fisher feels like it's back to being the company that I love for so many years. I'm talking about since the show began. They're talking less about some inventory glut somewhere and more about the exciting technologies they're creating. It is such a pleasure to listen to that company now. Now I've got two more small life science arms dealers to round out things. First one's called Revenue. You might have seen that one trade that. That's the life science business that remained when Perkinelmer broke itself up about two and a half years ago. Perkinelmer sold its supplied food and enterprise services business to a private equity firm and that business took the Perkinelmer name with it. The remaining life sciences business, which remain publicly traded, was renamed Revenue. Now after a couple of years of disappointing results where the stock went nowhere, Revenue finally posted some better than expected numbers in October. October and management raised their full year earnings forecast. It was a good solid result from a company that hasn't really given us much in those recent years. And the stock's gotten some traction since then. Revenue is the cheapest of the group, with the stock selling for around 21 times this year's earnings estimates. Finally, please don't forget about one that was always my personal favorite, never owned it. For the Trust Waters Corporation, one of the quieter companies in the space that specializes in liquid chromatography and mass spectrometry, Trichometric Spectrometry now that stuff that you need to be able to do with life science things. For much of the past few years, Waters was holding up much better than the rest of the industry. But the stock got hit real hard earlier this year in part because the company announced a complex deal to merge with Beckton Dickinson's biosciences and diagnostics business back in July. The market didn't like the deal initially in water source stock plunge it was so hard to understand. Things didn't turn around though. Now the stocks up about 45% from its August lows. Now some of that's because Waters arguably reported the best quarter in the group about a month ago. Revenue up 8% on a constant currency basis. Along with a healthy earnings beat, management also gave a nice boost to their full year forecast. Now Waters is still tricky because of that Becton Dickinson biosciences deal. It's expected to close the first quarter of next year. But once that happens, I think it's going to be a much, much bigger player and really I think we loved on Wall Street. Here's the bottom line. If Agilents turning around then I have to believe the arms dealers, the life sciences industry can keep making a comeback. Now that includes Danaher, Thermo, Fisher Revdy and Waters Corp. Check them out. I think they're all worth a closer look. Let's go to Bob in Tennessee. Bob. Jim, thanks for the call. Sure. I really, I really have enjoyed your audiobook. Thanks. Thank you. Well, that took forever. We got it right. People, like people should get the audible. It's a lot more fun. It is Pfizer, is there any growth potential in 2026 or is it a straight dividend play? 2026? Yeah, there is. It's got a. They got a lot of irons in the fire. I think Dr. Borle is going to trace things out in January at the J.P. morgan Conference. I think you might like what you hear. So 6.8% yield until then I would hold on to it. That's my. I would hold on to it. Let's go to Sam in Pennsylvania. Sam. Jim, how are you? I'm good, Sam. What do you. What's, what's up? Good. So Jim, you know, health care has had a lot of relative outperformance and one of the companies in that sector I've been keeping an eye on is Regeneron. Stock is up 54% from its low this summer. So I'm curious if you think Regeneron can keep up the momentum? Yes, down 30 today. Well, that's a bit. Well, it's a 70750 stock. Now let me just tell you something. Regeneron's move has been quiet, but Len Schleifer has been telling me stay focused on what they're doing. They're doing a lot of good stuff. I lost sight of it. I shouldn't have this one and Amgen bother me. They happened without me and that was my bad and I glad you brought it to our attention. All right. I have to believe the dealers to the life sciences industry are making a comeback. So if I were you, I'd check out Dan and her DHR Thermo, Fisher, Revite and Waters Corporation. Now as much for Man Bunny From Enersis to Thredup, if you go in and you stump me on a stock, I always promise to revisit the story and give you my take. Tonight we're doing just that. Then I'm in the unique position of not only being a dollar sign represented by a man, but also a journalist. I'm just sharing how the current reporting cycle is chokehold over this market and I don't like it. It was talked about all day, so little contrarian view coming up. And Oil calls Rapid Fire. Tonight's issue of the Lightning Round. So stay with. Whenever I get a call about a company that I either don't know or or haven't been following lately, I always do some research and circle back to it. Now that we're back from Thanksgiving, I've got a lot of homework to catch up on. Back in late October, Steve and Arizona wanted to know about a company called Seal sq. That's L A E S for you home gamers. CLSQ was spun out of a Swiss cybersecurity company named Wise Key about two and a half years ago, and it built itself as a quantum computing oriented cybersecurity place. Basically, they've worked on technology that can protect you many years in the future when hackers have access to incredibly powerful quantum computing. Now, while there was a lot of interest in the stock at the time of the spin off In May of 2023, that quickly fizzled, stock falling almost 99% from its high in 2023 to its penny stock low in August of last year. Twelve months ago, CLSQ had a market capitalization of just over $10 million. Hey. But over the past year, the stocks caught fire along with the rest of the quantum cohort. Even though it's totally unprofitable and it's only on track to bring in 18 million in revenue this year, but now it's got a market cap of $733 million. In other words, this was a year of magical investing stock. And as I said before, the year of magical investing is over. No thank you. Next up also in late October, Jeff in California about Thredup, which is an online consignment store, one of the world's largest resale platforms for apparel, shoes and accessories. This one came public during the pandemic year bull market in early 2021, but its stock plunged 98% from its 2021 highs to its lows 30 months ago. Similar trajectory to the real real now it seems these stocks are hot again, at least the ones that are left fed UP rallied over 300% in the past year. Stocks started running late last year just after the election, which makes me think people are betting on it as a tariff play. The tariffs make new stuff more expensive, which makes resale products more enticing. Threat apps certainly moving in the right direction after a down year in 2024. Revenues growing again and they're on track to put up 19% growth this year. Their EBITDA has turned positive too. That said, the company still overall losing money and it's not expected to become profitable till 2028. Given this 9,28 million dollars market capitalization, I don't feel comfortable recommending this one as it's never turned to profits is coming public. Sadly this whole industry just, I don't know might not be that good. If you feel compelled to bet on something in this space and trust me, you really don't have to then I pick Etsy, the deepop parent of course as he's not particularly doing well either but at least they're making money and the stocks relatively cheap at 14 times this year's earnings estimates is better than it's just better. And Thredup next in early November, Jim in Florida asked about another consumer facing name. This was Dave and Buster's. Now this one actually knew but I want to do more research to see if there was an opportunity to come. But it was public then went private thinking public. David's in Buster stock has been struggling of late and Jim in Florida is wondering if maybe do for a kind of a Macy's style comeback. Still the numbers are not so hot. Dave and Buster's look set to get its third straight year of negative same store sales and its second consecutive year of declining earnings per share. The company's been doing so poorly that around this time last year their CEO had to resign after several months with an interim CEO. The board brought in an executive from Young Brands, Tarun Lal, who's rolled out a bunch of initiatives to turn things around. Bring back TV ads, changing the menu, decreasing promotions. But it's still too soon to tell if this stuff is working. We'll have a better idea when Dave and Buster reports it just next week. Here's what I'll say for Jim in Florida. Listen, I'm intrigued by the idea of Dave and Buster's turnaround. But with many consumers struggling and the company itself doing so poorly, I'm nervous about trying to get into stock ahead of the turn. Doesn't help that the balance sheet remains a mess. So for now I'm keeping an eye on David Busters watching. Maybe you got a potential turn, but at this point I think it's too early to put money. Finally, let's talk about the one I really like and that's called Enersis, which Sam in Pennsylvania asked about back on November 20th. And this is really interesting. The company's based in Reading, Pennsylvania, designs, manufactures and distributes industrial batteries. It's been around since the late 90s came public 21 years ago. Over the long run, Enersis has been a great growth stock, climbing up steadily for most of the past two decades. But this year in particular, stocks going into overdrive, up roughly 54% year to date. Why? Because energy looks to be a big winner from the AI data center theme. Anything can store electricity is doing big business right now. Now here's the real exciting thing about Energies. While the stocks had an excellent run over the past several months, it's still very cheap. Trading at just 14 times this year's earnings estimates and 12 times next year's numbers, this company has beaten expectations for 16 consecutive quarters. So I trust these estimates. In fact, when Analysis reported a month ago, that quarter was a thing of beauty. 6% organic sales growth, huge earnings beat. Management also raised its full year sales and its earnings forecast pretty significantly. And the stocks, well, let's just say it's been on fire ever since. Really the only negative thing that I can say about Enersys is that you're chasing the stock here after all these recent gains. You know, I mean, they're in the past, but I feel a lot more comfortable chasing when a stock's at 14 times earnings. So I would actually bless buying some enters right here right now and then if it drops, you can buy more and then hope for a market wide sell off. Nothing having to do with Anderson and get even bigger. Overall, I think Sam in Pennsylvania has a good one in Enersys. I was pleasantly surprised to find out this was definitely not a year of magical investing stock. Bottom line, I don't really care for this CLSQ or Thredup. I'm intrigued by the prospect of Dave and Buss return. Not ready to recommend it though. But Enersys, that looks real good at these levels. Bit money is back after coming up, Kramer takes your calls. And the sky's the limit. It's a fast fire lightning round. Next. Let me give you a quick reminder. The special offer is almost over. If you want to follow every market move I make, now's the moment to join my investing club. Don't wait, scan that QR code or head to cnbc.com kramerclub for access to our morning meetings and my charitable trust portfolio. And now it is time. It's time for the white round myself. Don't you cross the way. That's on my stamp. You play this out and then the lightning round is over. Are you ready, Ski? Dead on the light round. Came to the. Let's start with Matt in Texas. Matt. Hey, Jim, nice to talk to you. I'm just wondering about silver. Should I try hecla for silver? Ah, come on, let's stick with those shiny metal. Nico. Eagle was down a couple bucks today. I say all right, now we're going to Travis and Georgia. Travis, Booyah. Jim, I'm giving you a call tonight. Oh, yeah? Yes. I'm calling about an IPO stock that I got invested in and now just trying to figure out if I should should keep pouring money into it or pull out. And that is klarna. I saw the guy on TV today. Made a lot of sense. Sell it and buy it for him. Let's go to Joe in New Jersey. Joe. Hello, Mr. Kramer. Hey, Joe. How you doing, partner? What's going on? Fine. Nothing much. Getting ready for the holidays. I'm halfway through reading your book and so far it's fabulous. Fantastic. Did you get to that part where I talked. Never mind. Thank you, buddy. Come on, Joe, let's go to work. Let's go to work. Yeah. All right. With analysts raising their price target and off of its highs is Newmont Corporation to buy. I like Newmont now. I do like Agneco better, but Newmont is real, real good. And Joe, welcome back. Glad to have you on the show. And that ladies, ladies and gentlemen, conclusion of the Lightning Round. The Lightning Round is sponsored by Charles Schwab. Coming up, Kramer's got a bone to pick with a narrative around the health of the consumer. And he's drawing some conclusions with the holiday shopping season in full swing. Next. Before I got into money management, I was a journalist, first at the Tallahassee Democrat and then at the Los Angeles Herald examiner, like Liam Neeson in Taken. That's given me a very particular set of skills. I learned that the editor is always right. So when the editor had an agenda, my word, not hers, you followed it. Or you risk seeing your story turn on its head, perhaps even killed, if you didn't play ball when you're playing for dinner, my term for when you're writing for dear life, you end up going with a program even if you didn't agree. Now, these days I don't play for dinner, have it in ages. So I can say whatever I want as long as I have researched it and believe it to be true. But the dailies and the wires are staffed with people who have an agenda, including the editors and often the writers themselves. The truth can be an abstraction for some of these people. This matters because right now we're getting a ton of stories about how the consumer is in bad shape. As you can see from recent receipt weakness or stress, balance sheets, credit card defaults. Whatever metric they pick, the approach of the consumer as pitiful has grave, ominous implications. We obviously need a rate cut. Yet the feds and the feds about lower rates. Many companies could be impacted negatively by this top down analysis. Many investors see this stuff and immediately sell, sell, sell retailers and many other things. The problem is it might not be true. This kind of handiwork is what I call thesis reporting, meaning the writers got a thesis, the Hubble consumer and their job is to prove it, even if it means massaging the facts. Why do this? Because negativity sells papers. Unfortunately, this is a false narrative. I can give you hard aggregate numbers like how MasterCard says Black Friday was spending was up 4% more than 4%, which is a reasonable amount. All things considered. I could tell you that credit quality actually is surprisingly good. Or I could go company by company, which is really my specialty right now. I find that other than Burlington stores, every single retailer that's reported is doing better than expected. In some cases much better than Kohl's. The resurgence. The department store with Macy's about to report excellent numbers on on top of Kohl's. The ascendance of TJX and Wal Mart shoppers Now above the $85,100,000 set came to Costco's club members shows a new level of interest that barely existed before the sizable gains in share price for Best Buy was more than just noteworthy. The strength in the dollar stores is insane when you consider how badly that they've been hit by tariffs. Same goes with Williams, Sonoma, Wayfair, and most notably Gap, which shot the Life Sal. It's hard to believe that the consumer's in trouble when so many retailers are doing so well, even with the full brunt of the tariffs in effect. So what are we to make of all this? First, that hobble consumer thesis. You know what? It's wrong even if you consider the spike in buy now, pay later use. Second, let's flip it on its head. Despite tariffs, despite the University of Michigan consumer confidence survey showing negativity, things are actually pretty darn positive. Third, it stands to reason that the consumer's fine, given that jobs are still available and confidence in being employed means more than a survey response. It's very tough to think straight when thesis reporting dominates your head as well as the nation's trading desk. Think you must though, because if you base your investments on bad information, you're probably going to lose money. When in doubt, trust the facts, not the theory. I'd like to say, as always, bull market Summer. I promise I'm finding just for you right here, man Money. I'm Drew Kramer. See you.
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Tomorrow. All opinions expressed by Jim Cramer on this podcast are solely Kramer's opinions and do not reflect the opinions of CNBC, NBCUniversal or their parent company or affiliates, and may have been previously disseminated by Kramer on television, radio, Internet or another medium. You should not treat any opinion expressed by Jim Cramer as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Kramer's opinions are based upon information he considers reliable, but neither CNBC nor its affiliates and or subsidiaries warrant its completeness or accuracy and it should not be relied upon as such. To view the full Mad Money disclaimer, please visit cnbc.com madmoneydisclaimer welcome to.
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Walgreens. What can I help you with today? Hi, I need a last minute gift for a secret Santa. Something thoughtful, impressive. Not a.
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Fruitcake. We've got Ferrero chocolates, artisan coffees, even a spa kit. Any vibe you're going for Whatever.
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Says wow, this guy's great at giving.
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Gifts. How about this premium skincare gift.
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Set? Just needs a.
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Bow. Will look like you planned it weeks.
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Ago. Well, happy holidays, gifts, holiday decor and more. The holiday road is long. We're with you all the way Walgreens.