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tv   Mad Money  CNBC  March 4, 2024 6:00pm-7:00pm EST

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smh. i'd be a seller. >> guy? >> mel was exercised that russell wilson was let go -- >> wasn't surprised. >> she saw this coming. jetblue. you'll see a bit of a relief rally continue. >> all rht, anyofoigthk u r watching "fast." see you back here tomorrow. "mad money" with jim cramer starts right now. 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 cramer welcome to mad money welcome to cramerica. to educate, explain all that's going on so called me 1-800-743- cnbc, the nonbelievers they've had the microphone. they will never stop hitting this market will day the nasdaq
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to decline 1.4%. -- what we all do for a pullback. i've been saying that we've been having a really high casualties. members of the cbc investor club now all too well from the annual meeting. we like this market the whole way up. many of the critics hated it all the way. first they hated a, because we are in a pandemic inspired inflationary cycle. then, they hated it because the mini banking crisis started. now the feds are raising rates, and the economy heading for a hard landing. they hated so much the market strengths concentrated. yeah they hate it because of what they call the a.i. bubble. all along they failed to celebrate their victories. they ignore the high of latium. they ignore the end of the feds tagging cycle. -- all that job growth has been so strong. and they didn't even care when
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the magnificent 7 started -- passing the leadership to the industrials and the -- mid cap stops are still cheap. what the heck is wrong with these people? why can't they admit the market deserve to reilly even if it might go down now. everything that has happened has made a lot of sense to us. i think the eye move is perfectly logical. first let's focus on the fact that it is an election year trump will get the republican nation in a walk, and i know there's a lot of uncertainty there's a lot of prosecutions. but we have an overwhelmingly conservatives bring court. that matters to the market, trump is the most pro stock market present in history. president biden is much less friendly debate business to put it mildly. but to put it fairly -- the dollars in infrastructure has
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been a major boom. especially a believer in industrials. but let's see where the is -- the obvious bubble than ever seem to talk about is crypto. nobody under pace when it comes to its actual worth. it's fourth versus the u.s. dollars palpable. it's a hedge against sky-high inflation brought on by natural data, when we had sky-high inflation. it doesn't matter people still think it is a hedge against inflation. there are exchanged products for bitcoin. the hedgers are out in full force, it makes sense. meanwhile it feels like there are no big point sellers, that is what's publishes about it even up here. just remember to jump ship. the bomb pop in gold confirms the ball in and pull out of crypto. crypto is moving every speculative asset, that's a hedge, gold above 2000 -- . how about the non bobble in a.i..
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let me say they're sure there are stocks that are over inflated but that doesn't mean they can't go higher. i don't really like that the super micro got out of the s&p 500, it was blowing through levels at a pace -- it's doing something really highly proprietary. let me tackle nvidia huge today third largest company in the world with a valuation of two trillion. i've been telling you to own nvidia don't trade it. when the stock was a tenth of what it is now. why not traded? simple, the evaluation is too low. don't just look at today's price, it doesn't help you think of it like this. wall street is expecting nvidia to earn $24 per share this year, and i think that's low. the stock looks a little price selling for 35 times this year's earning assessments. let's go back a year ago, this week. at that point nvidia start
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traded at $238, i thought it was incredibly overvalued. who is only overvalued because the earning estimates turned out to be way too low. it's only selling for ten times the current estimates for this year, 2:38, ten times. we just didn't know they would give us so many upside surprises. in october, a little $400 per share, still selling for less than the average name in the s&p 500 when you look at 2024 estimates. turns out nvidia has been selling out absurd levels. i bet it ends up looking cheap once again, isn't that the opposite of a bubble? let's take chase and it is. word don't you think he deserves his word. he thinks the entire digital world will be turned upside down by generative a.i., not just the factories, not just the owners, i mean everything. this is what is really going
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on. we don't even know how big a.i. is going to be. we've got bits and pieces from, amazon, alphabet, dale talked about -- when you get nvidia the chips they need. amd -- will be talking at an hp conference. all tremendous companies benefiting from the commitment to a.i.. it's undisputed that nvidia is the king of a.i.. how are we supposed to evaluating, except i guess the estimates. what are the bears have? what what is their edge? bubble? these glp wine weight loss drugs, we have a worldwide epidemic of obesity. the lancet raises estimates from eight or nine 7 million to one billion it's an epidemic these gop dash one drugs lower hypertension on top or treating
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diabetes and make you lose weight i think the most important medicines since maybe antibiotics. how are we supposed to value them? the bears one has to make it cheap we can't! what's typically the case we do get a sell-off. the trusty oscillator cells that were not were imponderable we have a labor report on friday, not expecting a strong set of numbers that's not what wall street wants to see. causing serious concern might lead to a sell-off we see what's happening in apple i'm not fretting i'm just expanding i have my shopping list of what to buy. you are never set for a big decline unless you are not short, we can't short stocks for the travel trust but we raised a lot of cash. you can see that when you join the cbc investing club, we make all of it public before we do it . bottom line, i will be ready to buy this market sells off. not immediately, don't take the
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first bite, but they're haters they'll be ready to show score and they'll be like i told you so. and also be like eating tell us anything, just raise your cash and be ready to buy of the market has an inevitable hole back. from this incredible run of november of 2023. >> hi jen this is that from california i'm on your club from the very first day we could sign, up i love it. >> thank you so much, we work our bouts of. here's a man who knows how hard or working. thank you ed, thank you very much. >> my question is this new drug, for diabetes and you know better than me curbs the appetite desire for food and alcohol, how will that affect constellation brands? >> that's a great question, the fact is peer sales have not been hurt. it hurts the hard liquor, not as much here, we don't know why it doesn't act is negatively on
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beer. we think it's because beer has the social component, and hard liquor does not have. we're eyeing, it we're watching, it but it does not seem to have the impact on the browns, and the clears. sandy in arizona, please sandy? >> cramer how are you? >> i'm doing well how are you? >> fine, i was a little careful driving in my uncles -- i saw this big cadillac and i said she uncle joe, that's a great car, he turns to mini says those for other people. mr. cramer, you are a two-year wisdom and two tillage for the rest of us, we are becoming those other people, and i thank you very much. [laughter] >> these people are making me feel. good work so hard yesterday. let me go work for you sir! >> yes sir. >> okay i am a retired data security director, worldwide
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and i opened up my platform this morning and when i saw a tele- -- networks, just made my blood run cold. basically palo alto is facing a gaggle of lawsuits. there is a verdict of 152 million, investors suing them over a big share tumble. three law firms are suing them over violations to security and so forth, is mr. -- not telling us something. >> no, no, these lawsuits -- are on her say a point played every time the stock falls i swarm say someone judge someone stand up and say look we got rid of this when i'll shoot guard change the lawyers to go, we work so hard to make the score. these people don't know what is gonna happen, you have to say, these law firms never stop. it is a disgrace. it's a national disgrace what those law firms to. i disgrace! i will be ready to buy, this
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market sells off. the haters ready to show scorn and say i told you so and i told you so, i say thanks for nothing. prices saying two straight months of gains and that's -- i'm getting in the bottom what's really happening in the energy sector this ceo of coterra. and i'll take a top dividend boosters on the s&p 500 any tips for your portfolio? hotter than the top ten. so what does the solar company have in store for this year, do not miss my exclusive, so stay with cramer! have a question, tweet cramer hashtag mad mentions, send gym an email to mad money at cnbc.com or give us a call that 1-800-743-cnbc. miss something,
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with a qualifying internet package. don't wait, call and switch today! ♪ ♪ ♪ it's been over two years since russia invaded ukraine, of course natural gas skyrocketed 40% of the natural gas comes from the russians. the initial spike have come down hard since then. eight 80%. keeps getting hit. 10% over the same period. national gas had a tough time, some producers pulled out better than others. take coterra energy. it was created when capital oil and gas merged with -- and 2021. it's more natural gas-oriented, bit of reported a solid quarter batter for production. huge free cash flow numbers. cutting back investments, they have the flexibility to pivot between oil and gas, that is huge people take it for me.
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let's check in with tom jordan, and chair and president ceo of coterra. welcome back to mad money! >> good afternoon sham. >> tom this is when your model shines, there are people who are enact gas or getting her, people in oil not being able to take advantage. tell us how great the pivot is, and how you know better to be patient and watch for the recovery gas macro, a few months of recovery is better than staying in the downside. >> jim, thank you for noticing. we built coterra to have -- also a team that is nimble always looking at interations and ready to pivot. there's another element that's critical, we've built our service contracts so we don't have any long term commitments. that means we can move capital from one base to another, in fairly short order as we did with a recent release. we feel pretty solid about
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where we stand. >> one of the things i think people don't understand about oil companies that tend to be very upside, the idea of getting a six month projection is really hard. you get a pretty good steady dividend increase, you get a two-year outlook, you're giving us a three-year outlook and i'm returning capital are individual investors can budget -- like they could any great consumer products company. >> because of our asset quality, and organization we can project a stability of revenue, instability of cash flow that gives us that luxury. we could never predict commodity prices, at least, maybe there are those that say they can but i've never known anybody that could. so, we keep our debt low, we keep our assets -- low cost supplier, really build an organization like a capitalize. >> let's talk about the scale what you're doing with oil, you told us last year, he can't just pivot in a corridor, but
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it seems like your own to be doing -- a huge number of wells are going to be drilled. i know you don't cage production, but the possibility you could have a really bountiful year if oil stays high? >> we always hope for that chin. we don't manage accompanied by production grows, we managed by capital allocation in the most profitable places we can invest. we just got some tremendous projects from our oil assets. particularly in the delaware basin where we have these large projects that really give us capital efficiency, economy scale and set of the future quite nicely. >> one of the things he pointed out, the journal has a story about these companies merging, they have to be very fine companies i have a delight diamondback, i like chevron, and nobody is better than sheffield and you. but are they getting carried away, all of these mergers, today have time thinking about
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this? >> the real question to ask yourself on any transaction is is what's better, a share of the company however, share of the combined company? we have looked at a lot of potential combinations, everybody has, but we feel pretty comfortable where we are with our -- duration, our low cost of supply, and our ability to execute nimbly. we will always be curious, but we like where we sit right now. >> a lot of the commentary, i just don't see that but i rely on people like you to tell me whether it's more bountiful than a lot of these journalists, i would say the armchair critics say. >> the permian basin has been described as a very forgiving basin and believe me it's for given us a long time. we find that with an emphasis on technology and innovation, and
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jim you know what are technology business -- is today, we find that we continually push the margin. continuously improve. and i think we will see that for some time to calm. >> a lot of people are very skeptical, you apparently see the city told me this last year when, i was in dallas anadarko could be a very bountiful area. >> it's tremendous, high pressure, great quality roc. it also has natural gas liquids. so in addition to the national natural gas we have natural gas liquids. butane, propane, abstain and so on that really adds to the revenue stream. it's a tremendous place to operate, and we have some really nice things to do their. >> in the meantime eqt, has cut back to we are watching all of these people come back, they will get some cold weather, or something unfortunate hopefully
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doesn't go on a russia, but you'll be able to ramp up much faster than the other guys correct? >> well, time will tell, i think we are well positioned as we announced our plan our production will decline single digits, five or 6% this year. but we have contingency plans to ramp back up of things look better. the thing we took a little different approach, we've never been able to make sense that of shutting production in. what we want to do is not invest in future wells, or at least put a pause on that and redirect that capital to other assets. >> are you surprised that natural gas has fallen as far as it has? >> i am. but, it's simply, until we get more lng exports opened up or in the weather business. and we didn't have the kind of winter that we didn't have in the past few years and storage isn't good supply. this is just part of managing the business, and that is why
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we have the ability to pivot from one asset to another. that is what we are designed for. >> last question, are you surprised when opec does something. like they did extending the cuts it does seem to matter anymore? >> well opec is still going to be underwriting all prices for some time to calm, but i think there has been a psychology of supply in the global marketplace that people just don't worry about the way they used to. there was a day where any shock in the middle east, and lord knows we seen lots of them, made a huge volatile change in the price of oil. to be honest jam, that's a credit to our industry. i think we created that psychology of supply and we're going to continue to do it. >> while you are a big part of why we have energy independence and security more than we've ever had, tom jordan president ceo of coterra. a fantastic order, this will be a great year for you. >> thanks jim. >> talk to you soon, you'll be
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only at vanguard you're more than just an investor you're an owner. that means your priorities are ours too. our retirement tools and advice can help you leave a legacy for the ones you love. that's the value of ownership. every year around this time i have to take a look at companies that have raised their dividend so most of
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january in february. a major dividend boost is a fabulous sign of strength. companies don't boost their payouts unless they're feeling confident that they can make good money in the near future. we now have the official logs of the what s&p 500 raced their dividends in february. -- he meticulously maintains -- 104 companies in the s&p 500 boosted this year. 30 raise their dividend by more than 10%, within that group i look them over any know what i decided to give you my top ten, share with you so to speak i'm in a benevolent mood today. let's start with the company that had the biggest dividend boost debate. can you believe it? walt disney hiked its dividend by 50%, pennies payer during the pandemic disney only raced it late last year, now they're racing it substantially. that still barely more than half of what they were paying before covid, i have my fingers
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crossed will be more ahead. i see it as a sign of confidence. same with the three billion dollar buyback authorization, 7.5 billion in annual -- by the end of the year, up from 5.5 in the original plan. of course there's also the -- i think he'll be happy either way . on when disney holds its meetings in early april, let's why one why we stuck through this one through thick and then , we did let you down by believing, but now it's coming back. second largest dividend boosted raising its payout by an astounding 33% in january, in top of a -- increase. this is in the middle of a fed tightening cycle, miraculous run over the past couple years despite much higher mortgage rates they are cleaning up because we have a massive sorting shortage in this country. one of the best operators in
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the groove they report next week and i bet it will be a good one. next i like -- power systems. they make specialized power shifts specialized and energy efficiency that reported at 25% dividend boost. it always seems to pop up -- definitely deserves more attention i will say it has the potential to be a major .i. winner so even though the stock -- is already of i wouldn't be surprised -- next are two chains that made thelist dominoes which raised its payout by almost 25% last month and then, -- was put there were 10.7%. -- under the extraordinary leadership of new ceo russell we know, that is delivered a stellar corridor, stop still down from 100 points from when it peaked in 2021, i think it'll reach the size in the next
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year. as for the on brands, kfc taco bell and pizza they had a disappointing fourth quarter but stocks have rallied. a strong four-year forecast, international headwinds that they have been facing should improve over the course of 2024. how about number five, sherwin- williams, the paint company, by 18.2% this intrigues me home depot recently told me that consumers are doing a lot of home improvement is shying away from big ticket that requires financing. so maybe that means they're just painting a room instead of reviewing, it means more sales for sherwin- williams. home building will boom, and this will clean up. next, kind of exciting westinghouse air brake -- also known as wobble t tech. it's a nearly 18% dividend hike, not bad ha?
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i'm a huge fan of the railroad industry hours almost gonna push the hole -- and stay right here. even if individual railroads are hit-or-miss, the equipment supply -- the stocks run from below 100, 242 today but i still think it is a reasonable price. seven pick msci 16% dividend boost, i'm like this for a really long time. henry fernandez running that place. couple weeks ago they were taught by a short selling pretty serious allegations, and i have gone through and i don't believe the charges. at the same time i told you not to bet against msci, this is the country company that creates -- reporting fourth quarter results, they shot the lights out boosted the dividend . you're getting an opportunity here. next is very skin analytics, increased it's pale by 50% last month. they provide risk assessment and
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decision analytics to the insurance industry. i told you it was boring. but it is underappreciated. if that company can keep doing well in the falling interest rate environment? it hurts the insurance industry? people are concerned it's why the stock is trading sideways for several months now, but i bet they will win because they are just that good. or they wouldn't have just given a big dividend boost. finally there is, the k an hr. it's bad now it's great. i won't go into the details too much i want you to join the club frankly but i will say that the industry seems to be bottoming here. i checked with another analyst about how things are quietly humming. it actually lowered is dividend late last year, what a winner that's been. 12% dividend hike -- the full dividend has been restored. i think is just another sign of confidence from this great company. here is the bottom line, if you
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are going over the 30 companies that raise their dividends you've got my ten favorites in this list. i'm telling you write this down is terrific staff it's worth putting on your shopping list. some people are just saying listen it's inevitable to. happened phil -- phillip! >> hey jen how you doing today? >> you know what, i am doing well philip thank you for asking, how are you doing? >> i'm doing what they say down cells in the mid line. i want to start off by telling you that i am one of the early members of your club, and this club -- it's the best in the business jam. >> thank you, i'm trying to tell people they always think i'm being too promotional. you know how much i love it, you see the stuff i pour out in the weekends. what jeff does. we're trying to kill it here! >> that's the whole thing, you don't even have to do it because i'm spreading the word.
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anyway -- >> thank you that's very kind, look at my executive producer she knows how much am i care about this. how can i help you? >> one other thing i want to wish you a happy birthday, a belated birthday to your coworkers. this guy reminds me of u 25 years ago. he's downtown josh brown, it was his birthday a little while ago. >> we love josh. >> he reminds me of you. >> you know josh, a look up, he's the only guy that admitted he had a stock that didn't work. that's why i love. him he's the most candid, terrific guy, and i always want to work with him and i'm so proud that he comes on and says nothing by great things and, teachers, teachers, teachers which is fantastic. >> right, that's the way you are 25 years ago you can be brash, and yet respectful, not afraid to tell a ceo that you disagree. >> you got that right about josh, he is owned by no one and that's the highest compliment i
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can pay. >> now let me get down to my -- you always say never buy a stop on speculation of a merger, or bio. >> right. >> so i've had the stocks for a while, it's gone down so much that it's almost -- it's not even worth it to get out. i don't know what red stone is doing about this, should i hold paramount? >> he asked just hold it, just hold it. you -- are absolutely right that balance sheet is awful, they really need to do something. i was hoping that larry ellis might get involved, my hope is anyone gets involved because they pulled down the whole darn industry, it's crushing its near and dear. thank you for this, and belated happy birthday to josh to. it's a fabulous sign of strength, that's why i think any of those big ten dividend boosters are great, in my
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exclusive with nextracker after highlighting this under the radar solo play, i took a closer look at the ceo. it's been a year since -- so i'm taking the post to the regional banks to see where they stand today. plus all your thoughts about -- the tonight's edition of the lightning round, so stay with us cramer! e anyone you've ever faced. she is capable of mimicking any shape. awesome. i mean it's disturbing, but it's awesome. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.
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by downloading duckduckgo on all your devices today. ♪ ♪ ♪ a couple of weeks ago i talked to you about a company called nextracker a technology plan for that cell panels to move with the sun to maximize the energy production and protect them during brought bad weather.
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they went public last year with a little fanfare, after a quiet start the stock steadily chugged higher. the latest industry of two terrific corners, hiking the full year earnings -- just gigantically! it's up 25% in a single day, the stock had a huge run i think it's still going, it is a gigantic winner of the solar industry balances in interest rates come down this year. let's take a closer look, the cofounder and ceo of nextracker with more about what's going on. here joe welcome to mad money. >> hey jen thanks for having us on. >> absolutely, nextracker one or wind cause you are the system of solar power ecosystem, but people don't understand that there is a skeleton system. >> yeah semaphore we get to what we do it nextracker let's talk about the image in progress . i brought something, a gift for you, these are little solar cells that i'm holding here in my hand. in a solar panel, about the
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size of a desk there are about 75 of these solar cells. if he stack of the cells out of the panel, you can hold them in your hand like a deck of cards. over its life, this generates the same amount of energy as burning 20 tons of coal. what's happened in solar, the efficiency is gone up, the costs come way down, and what we do ads nextracker, we make a system that helps the solar panels followed the sun in the day, and adjust with machinery to realtime atmosphere conditions. generating 30% more energy. >> so if they can give you a big order from sweden where they're not that sunny? >> solar used to be a sun belt thing right now solar -- in are the largest project in the united states is? in indiana. because that panels can harvest diffuse, light scattered, like solar saginaw make almost anywhere. >> class of come down, but also you talk in your documents about an incredible level of energy demand in this country,
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and how much solar will make of it by 2030. >> what's amazing, solar's been the largest single source of new power generation for 3 to 5 years in a row. but, what's being forecast now solar will be the largest source of energy in the united states, and that's been forecast by the energy information administration. not just here at home, nextracker is also serving markets in latin america such as brazil, australia, saudi arabia, when saudi arabia is doing solar you know it's -- >> right that's one thing -- that battery storage system is -- , but a lot of people got burned and solar who watched not our shows, we don't recommend, but b and phase in the sunflower. you are not those, that is not your thing. >> we really focus on is utility scale solar power. we support the residential technology. , it is for corporate for example data centers.
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but also utilities to distribute the solar energy through the wires, that folks that are in apartment buildings, for homes. it could be used for example by steel mills, powering steel mills directly with sour or solar. so these utility scale solar farms are well over half the market, and they are growing added 26% annually compound a growth. >> when i look at your side, i ask everyone to do this there are things that make it so -- hills not hail not a big problem, hail does not destroy your stuff, you've got things they give you an edge over the other guys. >> what we are focused on jim's practical technology adds nextracker, so the systems can work and be reliable through a variety of extreme weather. so, not only are they cost- effective and when paired with batteries can provide firm power in well into the evening, after folks go to bed. but, also hold up for the long term which is why solar is the
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most, strongest new power generation technology, and why nextracker has focused on delivering on our expectations, and why are stock perform so well. >> so competition, we know you've got a begins to your looks like you're taking more. share eve got patterns that snow i can come in and rope you off. >> we have over 500 patents issued impending, we want all solar companies in our space to be successful because not only will we have customers were furthering national energy security, energy dependence, and we saw the need for that when vladimir putin launched this fall war on ukraine and cut off the gas to europe. so now what, we are seeing is the u.s. is a top producer of conventional and energy, but also solar's the largest form of new energy. >> goldman says the really gonna boost -- i don't wanna focus on that i want to focus on the core
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business which is extraordinary, booming with gigantic backlog. >> yes we've seen our -- go out very consistently, we reported that on earnings, folks can download that. the fundamental economics for solar have never been better than right now. not only in the u.s., but also abroad, which is why we are focused on serving a global, international customer mix. >> and why your company is the solar company i am recommending now. that's just the way i'm saying. we discovered, it really the others are just not -- >> i hope you have an opportunity to come visit us and silicon valley where we are headquartered, we also have many offices around the world, we focus on consistent performance. >> now, obviously, periodically there is political pressure against, a different president comes in will you still make money? >> like we grew a lot under a bomber, we grew more under trump, we are growing now, because the economics work. it's not about politics, what
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this is about is fundamental technology. just like growing computers obsolete in typewriters, digital cameras obsolete in film. solar is the next generation that will absolutely fossil fuel like cole. >> fantastic, dan sugars nextracker founder and ceo. you know i've been talking positive, i wish i had been on earlier, my bad bet in a 50 still a great buy. we'll be back after the break. coming up cramer takes your calls, and the sky is the limit it's a fast fire lightning round, next. (vo) sail through the heart of historic cities and unforgettable scenery with viking. unpack once, and get closer to iconic landmarks, local life,
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charles schwab, trade brilliantly. ♪ ♪ ♪ it's! [inaudible] and then the lightning round is over are you ready? yoke >> hey jen how you doing, my >> one thing you guys have that we all love, and we love a sham. >> it's actually all i have. >> that's all you eed. you mentioned a stock a while ago, and i even bought some didn't like it serenics in sold it off, but it's come back some -- [inaudible] wind is -- gonna get its mojo. >> you gotta give it a couple of
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corners, some issues involving their financials, and on mad money we do not back companies with financial center not pristine so we have to hold up. there >> let's go to sankar new york, sinker. >> hi jen nice to talk to you i wanted to ask you about where -- >> it's gotten to offer. me i'm gonna draw the line here i love it but it's since almost triple, i gotta pull back on this one. this one is to -- new sizzling, while you get the point. that was embarrassing. >> let's go to delegate alabama dog! >> hey jen! i want to ask about chewy. >> i think chewy is -- it's been a 17 forever, i'm sticking by my call right now it's -- lawful impeded option that's the issue.
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let's go to thierry >> yeah thanks for taking my call jam. i have heard you say many times look what the kids are doing, or the ladies are doing, and i am introducing an -- holdings. >> and you should stay interesting because you showed we had a hcp saying it's doing very well, i've been saying it's been doing well for a very long time and i'm thinking by my view. >> go to michael in california michael. >> hi jen wanted to get your thoughts on the -- indeed some me semiconductor. >> i'm not is interested in the a gas auto or frequently self- driving i'm just not there does have the sport yet. and that ladies and gentlemen is the portion of the lightning round! the lightning round sponsored by charles schwab. coming out of one big break is looking brittle, but a year
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after regional banks gave the market a jump scare, nobody seems to care. what gives? cramer explains, next. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh.
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♪ ♪ ♪ what a difference a year makes for banks let's look at this year silicon valley bank had a hideous ron it was so swift it seem like you can bring down the whole financial system. every regional bank output through the meat grinder. and it took months for the situation is stabilized but now it's a totally different. world take for example the situation at your community bank is perilous. stocks to box and change often another 23%. what happens? the rest of the banks rallied
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furiously. that's right furiously! what's different this ime? recognize that not all banks are created equal, some banks for a lot of -- then invest it work to be crushed with the short rates very aggressively. s -- u.s. treasuries worst possible portfolio. depends on the success of their silicon valley clients, so when the ipo market for so the idea kind of problem, doing a recap work got out that investors made a noisy exit. ensuring the bank would go under. second when many excellent mutual banks got pain cog pancaked. -- an assemblage without actual intentional deposits. -- known for its white glove treatment of rich people. it is a great deal for the government, but a much better deal for jpmorgan.
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but your community bank went bankrupt a buys signature which was pure folly. i have been warning people to sell like sell, sell, sell, sell. i don't have the access to the -- but you know what, you had a really easy red flag. i'm a real little embarrassed by the fed frankly. we've had a -- kiss of death for any banks talk we don't, know why the fed -- good news here your community bank is largely dedicated. it's very strong in europe. any capitalized bank that requires them, should make out like a banded at q thinking p and see who's gonna do it, i keep wishing they let whilst do, it'll be fabulous for walls. the stock isn't acting that while, putting it mildly. what's incredible this time investors are not worried about community bank roof rail, your reverberating throughout the entire financial system. they know most banks are
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stronger than ever which is why their stocks have been able to rally lately. at this point american banks are probably the best capitalized banks in the world by. far we've jacked up capital requirements in the feds show no mercy. -- even the rest operators are able to handle the fall from a fellow bank. china, they could learn a lot from our financial industry, not like our tech industry. but they don't want to, i wouldn't trust -- of course of america and the terrible economy there still be some -- the banks always take it on the chin when landings caught back and spike. now the fed never really lower the boom -- in the silicon valley bank got away with this high risk for folio, and loose lending standards we count on them to do their jobs, i know i relied on them i mistakenly like the stock, i own that i made a mistake. but the regulators were able to contain the contagious to a couple of the ranks, unfortunately they were too darn cavalier about signature. they had to be a better --
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those guys were clearly not up to the task. maybe feds were worried about concentration, i don't. now we are seeing, it something has to be done. and so memo to the fed for someone who's hated here -- for ages hope for the bass, but be prepared for the worst. i'm jim cramer i'll see you tomorrow -- >> right now on last call, but coin record watch for the crypto continues to find critics one of the biggest backers will join us. ai fears, finding himself in this hussy. elon musk could lose his title. get ready to pay up for sports. the number you soon could pay to watch your favorite team. saudi arabia and russia boosting oil prices.

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