Transcript
Jim Cramer (0:00)
Meet Venu on the NYSE American Symbol.
Jim Cramer (0:03)
Venu Disrupting a multi billion dollar live.
Jim Cramer (0:06)
Music industry, Venu owns and operates upscale music venues outdoor amphitheaters with seven revenue sources $166 million in assets Luxury suite sales of $77 million in 2024 $200 million expected in 2025 56% year over year Growth venue on the NYSE American.
American Express (0:29)
Venu when you're with AMEX Business Platinum you have the card that works just as hard as you do. You give 150% to your business and so does your card. With 1.5 times Membership Rewards points. On select purchases you earn rewards that can take your business further. And with complimentary access to more than 1,400 lounges globally, including the Centurion Lounge, you can stay up to speed no matter where your business takes you. That's the powerful backing of American Express terms and points Cap applied. Learn more@americanexpress.com AmExBusiness.
Jim Cramer (1:03)
My mission is simple to make you money. I'm here to level the playing field for all investors. There's always a bull market somewhere and I promise to help you find it. Mad money starts now. Hey, I'm Kramer. Welcome everybody. Welcome America. People make friends. I'm just trying to make a little money and we're going to do that. My job is not just to entertain them, to educate. Good teacher. Call me 1-800-7-3 CBC tweet me at Jim Cramer. Be nice when we value stocks in this environment tend to think of how they'll fare in a world of rising long term interest rates, cheap how or how to perform under the new presidential regime. We care about the sector and how it's behaving, but how about the companies? How about the people who run them? We don't talk enough about the people who run the enterprise around here. In some, not all situations but some that is all that that matters. If you want to make huge amounts of money, which you do the transcendence of the enterprise thanks to the leadership of a great CEO, why not celebrate it? Hey, stop denigrating it at least. So in a day where the average did well with Dow gained 169 points. SB climb 0.52% Nasdaq advanced 0.25% you know what it may pay to think bigger instead of just being in the tech battleground out here every day. Tonight for example, Apple reported earnings. Now we knew coming into the quarter that iPhone sales might be light and China sales might be sluggish. And that's exactly what happened. IPhone sales of around 69 billion were light versus expectations more than 70 billion. China sales did decline 11% year over year and missed the consensus expectation by more than 2 billion. There, there. I got it out. I got the bad news out. You wanted it, I gave it to you. Of course that ignores the fact that Mac and iPad both beat expectations handling. Nor is the fact that the increasingly important line grew 14% beat expectations. Well, it ignores strengthening margins in Europe and the rest of Asia, maybe outside of China. It ignores all that's coming down the pike for Apple and I later health care, which CEO Tim Cook continues to believe will be huge for the company told me that tonight. And then on the call the company actually gave better than feared outlook for the current quarter. Look, guess what? They'll beat growth low single digits. You know what? Then the stock had to flip positive because there's so many people betting against Apple. Go figure. But you know what as but you know Apple don't trade right? But I have to tell you, I do want more out of my stocks and just better than feared. I am tired of tech just sitting there and people arguing about all the time. It's getting boring to me and that's why I want to go far afield. Tonight suggest that we look for the companies with the best new coaches because we know a great new coach with a fresh look can easily turn around a company. And I want to know them. For instance, I want to start with someone we had on the show last night making more money for you than any company. I'm talking about Kevin Hockman. He's the CEO of Brinker. Hey, just because it's small doesn't mean you can make money. There's a rule. You may know him as the parent of Chili's. You probably eat one unless you're like really rich and you're like one of those oligarchs that Biden was talking about. It's a chain of 1200 casual dining restaurants in the U.S. try they good rings. A few years ago, Hockman departed a high level job at Yum Brands where he ran KFC in order to take the helm of Brinker. That was Norm Brinker was the guy who run it. That's where they got that name I'm following. You know, I followed the company from when Norm Brinker was alive. My kids like Chili's. I always liked the price point, the convivial crowd and of course the baby back ribs. But I never liked the stock. Nothing special. Marginal, meaningless and then less Than three years ago, Hockman came roaring in as CEO and it's never been the same. He simplified the menu. That's too hard. That's what they have to do with Starbucks too. He gave you a value meal dinner under 11 bucks. An inexpensive terrific mixed drink with real good tequila, special management and a real by the way. And a delicious dinner for everybody. I saw it on Tik Tok. The result? The stock's now up more than 340% in just the past year. Yeah, you're fighting with. You're fine to get Microsoft and get that 1%. How about 3? How about that? How about the 300 plus if Baker goes to 200 and hey, it's already 182. Do you know that it's a 10 bagger? The legendary Peter lynch, the former manager of the Magellan Fund and the author of One up on Wall street, the best business book ever written, talks about how the goal of every investor is to hit a 10 bagger. I think Hockman is going to give you a 10 bagger. I wish tech could still give you one second, there's where I have my cup of coffee this morning. Starbucks. When this stock was beaten down to 77 bucks, the company announced that the old CEO was out. And Brian Niccol, the incredible and creative executive who turned around Chipotle during its dark days, would now be taken over. Immediately. The stock took off. I kept thinking Starbucks would go down at some point with travel trust owners that wanted to buy more. But it never did. That initial on the high 90s never looked bad. In fact, when the company reported this week, the stock powered ever higher to the point where this very big Dow company is now up over 40% since the last CEO got fired. Why didn't the media focus on how Starbucks missed its numbers? That's what I heard. Yeah, I call that headlineitis, the inability to capture the story in 12 words or less. Here's the answer. First, Starbucks the coffee might be good, but Starbucks the company was really poorly run and Starbucks the stores disastrous. I mean that's precisely the kind of job Brian knows how to do do. It's what he did at Chipotle. In fact, it's almost as if you were born for this job. What it reminds me of, and I hate this pains because it's another team. The Washington Commanders. The Commanders, yeah. When the fabulous Josh Harris bought the club from billionaire buffoon Dan Snyder in their first year they get in the NFC championship was manifest destiny for both. I have to tell you that after Interviewing Brian the other day he spent the last three months figuring out what's wrong with Starbucks and he's already taken actions like putting names on the cops, bringing economists table back, offering porcelain cups to those who stay and spare no detail. Uncovering the COVID on the darn outlets that represented the end of the third place coffee house because you could have a cup of coffee now with the juiced PC symbolic. How about realistic? Next? How about Larry Culp at the old general election, this company really stunk up the joint for so long you almost had to believe GE was merely a practical joke played on the market. Larry Culp didn't think it was all that funny though he raised some cash by selling some good stuff because he knew every turnaround has to start with a balance sheet. Without a good balance sheet, the turn would be still born. Then he split the company into three separate businesses. GE Health Care, GE Vernova and GE Aerospace. Now I remember going out to lunch with Larry and saying to him that this power business was bleeding so much money the spin off had to be disaster. He challenged me. He said look at the division's languishing. Sure. But he told me not to worry. He worked to get the company an investment grade rating. Then everyone would want a piece of it. I almost took my Diet Coke. I don't know how far Larry can see around the corner. But now G.E. vernova is a beloved company, the hottest one with men. Momentum traders can't get enough precisely because it makes the turbines and windmills. They call them turbines. I used to call them turbines and windmills that you need to power all those new data centers. He pointed Scott Stranger to run what became GE Vernova. The stocks started trading independently 141 about 10 months ago. Now it's at 383. Oh, and don't forget it's also going to be the company that builds small modular nuclear plants that everybody loves so much. I'll give you another one. It's kind of funny. This one is Nikash Arora. When he took over at Palo Alto Networks Panw, a once powerful cybersecurity company that had fallen behind the others, people thought turning his business around was too big a task. At best he'd just be a deal maker and a so so one at that. I knew cash is brilliant competitive guy whom I wanted to bank with, which is why we bought the heck out of the stock when he got put in. That's the character to speed the way. Now Palo Alto had a $19 billion market capitalization when Keshe took over on June 6, 2018, it's now worth 123 billion. He created 104 billion in value. Hey, one more. How about this one? Bracken, Daryl. He left Logitech for the challenge of turning around the broken clothing company VF Corp. A little over a year and a half ago, stock was trading around 19 bucks. Heinous balance sheet. In July of last year, he sold off VF Corp's hottest brands to Essler Luxottica for 1.5 billion in cash. It was. It was good. Good brand. He had to do it. But Darryl, he needed cash. Sure enough, the company reported great quarter last night. The stock shot up to almost 27 bucks. Finally, let's give IBM. Christian is due. When he took over IBM, he didn't know what it was at anymore. Who knew what it was morning more than the stock trade around 110. Christian took it from a hardware outfit with the consulting arm. Spun off the legacy businesses. Prindle and Kendall's doing well too, by the way. And guns the stock to 258 as of today. Now it's almost 50%. Software gusher. Cash flow. Darn things shot up 13% in response to a great quarter. What a winner. Best of all, I think that gain is sustainable. So here's the bottom line. Not all publicly traded companies are hostages to forces beyond the control. Like a Chinese outfit we never heard of that has just made it so that all we talk about is I wish. You know, we get. I have it. I have it on the app. It's called Seat Geek. That's what I'm calling it from now. I got really good super bowl doing. Seat Geek. Isn't that what we're talking the Chinese AI company? All right, enough already, right? With the seat gig. Sometimes when you bring in a great new CEO, they're offering me stocks in the 40. He's right. See the seats on the 40 right here? But the seat, they can turn around the whole business, giving the investors spectacular gains. Even tech blinds us like mustard gas. Telling you on Mad Money, we're never going to stop searching for opportunities to make you money. Not just to argue about stocks. I want to start with someone like Kyle in New Jersey.