Mad Money w/ Jim Cramer 11/21/24
43:10 Share

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

Hey, i'm cm. Welcome to make money. Welcome to cry, make friends. I'm just trying to make you a little money. My job not just entertained, but they're explain.

So call me one one hundred and seven for three B, C, or eat me at there's a reason, the reason I have this button on my sound board. It's the sound of the strike of a ball hitting the head pin, sending the rest of the pin's flying. Always a beautiful sound and always surprises and IT.

Always, like last night in video, a bold us. Strike and today's starts of all kinds, korean and skinned vibrated and rocked a simply glorious sound. They said, the average story with the double P, P, four and six to puts as beginning point by three percent.

And then that's that advancing point of three percent in view. Now with apple, microsoft, es fighting over, who gets to be the largest company on earth right now? It's had to have with apple, three point five trillion from thirty eight verses three point four five trillion.

Yes, that's right. right. Nosing out apple as a chm, microsoft suddenly fAllen away behind the winter. More drops off, even bigger than what pole make them mistake about in video strike last night is oping. Some distance between IT and the rest of the field of the numbers are staggering.

A company just a few of you heard of said recently as two years ago, when I was markey, cap was just five hundred billion invention book, thirty five billion and revenge last quarter with the net income of twenty eight, seventy five percent gross marges. Those dovers are prosperity, great posture, sly, just a particular ramper. Now, a year ago, so many critics were claiming in video was ably expensive, traditional, fifty times four ward earnings people left at me for championing the similar over various evc, the star.

Well, when we see the actual numbers, IT turns out that a year ago, and video was really in twenty, twenty times former n, that's how incredible these roads release results were in that respect. IT was cheap, cheap, cheap. That's what happens when the company out runs the estimates.

And as i've told you repeatedly, and videos been out running the estimates for a decade, super expensive. A perfectly reasonable that the stock that is in videos, his wife loved IT for so long, how do they do IT? Oh, in videos rolling, not one, but two balls down the lane, one being so computing and the other being artificial telesis.

It's all happening. The CEO j. Wang and his team, maybe the best bowlers of all time figure speaking, of course, this point on school in the street, my famous part of carl continues, started off the show by asking me what I thought about in videos quarter at the time.

The stock was down a bucker two. I was, I was, I wanted to hit the stock of champion to the point of vertical, but then I step back in at a pause for moment, not my strong group. And I said, Frank, i'd never seen anything like what's happening in NVIDIA. Never, just never.

And even though the stock was down despite nineteen, nineteen firms raising their Price targets this morning, I said this stock simply not capturing the seismic shift that's happening here, see invidious disrupting everything we know about as as if there are only so many supporters when IT comes to the demand for their technology. We've heard to called in saying, we ve heard of called enormous last night, after what was staggering. I think even jensen, struggling for analogy gies at this point, like when I was talking about how one use, one use for the latest and greatest ship, blackwell is open eye, which he said is something can pretty new, like the iphone.

The iphone compared to we think the iphones is, is once in a life time invention. But when you go through the invidia o, you realize that the iphone may be smaller by comparing school. In the end, that was just a single device, no matter how revolutionary in video chips they are. We making the world as we know.

If there's a trillion dollars with the computing power that you replaced by invision, there's trillions of dollars in factors that need to be built with the invidia on the verse, there's trillions, ic me said, the legal work, forecasting, supply chain manage, engineering and most of all, coding, where you can just speak to the machine and tell us what to do in plain english rather than a programing language trains to be made in unites. And you must plan to give everybody, human like robot, to do the dirty work. The drown stuff is positively shake experience.

I've been thinking, maybe it's pensions world, and all the men and women are merely players. Or going back to them will proceed. Bowling logy.

This putter was so urgency that IT closed whole sectors to fly in different directions. First, the positive gensec tic clear, and we don't have enough power now to handle all the demand from these machines. So that causes power producers like consolation energy.

And this apply IT poses the case for of the data center place, meaning verd dover and eaten the picks and shoppes of the data center. They can soar. Jon dropped that there are some memory shores perhaps related to hide band with chips.

Oh, that's my grand simo. Mu been waiting for that to our optical product, which is backbone plumbing. Oh, that's more vel tech antha connector or company gets a shadow so it's stock jumps are all classic action.

And then I went to write this down because it's something you're going to be here and over and over again. I want to be ready. It's called agenticity A G E N T I C new word agenticity for a whole new former computing where you have agents in your organza powered by in video was, say, salesforce, among others, getting a big shut up.

Mark bending of CEO of sales worth has been talking about this asian force, a product capable of creating billions of vanion gentis. What does that mean? Let me give an example. Today, I want, want to speak to a doctor about the results of the test I took monday. I called, I got the use of automated recording.

Idiot, who knows nothing about me with four different choices, which I needed that repeating because they went so fast that I press two in order, speak to someone who might be remotely related to the person I want to be. But they went. So then I got back in the first three there, I got to a you, but I was the wrong woman who transformed the right person, who wrote my number down but didn't get my name.

And I never got to call back anyway. In the agenticity world, I call an asian answers. IT knows my name because IT recognized by number IT calls up my record. S P.

If I wanted to speak to the dock I saw earlier in the week, I would say yes and and IT would asked me for a detailed message, which would be given to the docker. If you could answer the question by itself, though, because IT has all the information you need to handle frequently ask questions. That's agenticity conversational, non existing agent, all power.

By invidia, you get a human. I say, I don't want to human. I went to agent.

So salesforce goes flying along with the century service. Now, some of some goes for companies that are aimed the process, kids and utah. I'll believe a little downside was this kind of a music on a huge upp date.

Microsoft stocks dam, one dollar and seven, nine cents, met us down two dollars, three cents. Amazon false, four dollars and fifty, he sense, in testu ses, two dollars and three, nine years. why? Because these are ambitious s biggest customers.

For most year, we were hearing the court that the spending an video PS couldn't last. They couldn't continue to man can continue our world supply. But those are a pack wise.

The the man is accelerating because the pay off is so great, great gencer for every dollar their customers put in the make and five smackers, that means they have no choice but to buy these chips because they need to be relevant in jenson's world or else. So forget about the idea and videos. Talk is all about the head war.

me. I think the strikes we saw role last night are just the early frames we may be with seeing nothing short of a turkey. I have a bread or even a six baggar.

Let's tried at three, four, five or even six strikes. A lot of frames, a lot of, again, here's the bottle. And I never thought I say this, but I too am about to support what's happening in video is so pausing that IT defies description.

Our minds can comprehend IT fortunate. We don't have to just IT as the technology in the smart to do IT for us. I'm going .

to Robert in new york.

Robert I.

Robert special, they have a year good.

Everything good. I went by slip from new york to bomb B. I get to take gm. The airlines are just a night, a nightmare I .

really to meet. It's unbelieved, jim.

Let's talk about a stock that has strong scale and big profitability growth with come sale growth a point one percent over the past five years in the first half of twenty, twenty four hundred, and the revenue grew sixteen percent year over the year, five point seven billion dollars. Most dogs have a true on target of sixty four hours of share. They have a new CEO scot boat, right? Has been with the company for a long time.

And I think you to keep there in the boat, right? That's my opinion. Ah the name of this company in the jim, you went on the air and you call the bottom on this stop once you again, you do IT again, okay, and you've done at a hundred times.

You've done that so many times for me, you you did with a firm. You maybe one hundred and three percent the last six months. sure. You make me one hundred and .

ninety percent elastic. Can push me here. I U M O embarrass.

Is this the baby?

Which one is Polly? what? I S, I got new CEO name is going like, I think with the boat right thing with that, please get the boat right.

I think to do is actually about it's going to go back to a tight think of six light box. And I appreciate all this kind commerce that I don't let me what's happening in video is so positive that IT doesn't do describe the right description. I don't have any more words, no more support.

We don't have to be the export because we got tense mark go ventures on my money onions short sale. Muddy waters came out with the report on craft of out beauty. But just how seriously should be just taking these claims? I'm get the other side story of the cosmetics company, C E O.

Then IBM spirit. Al, keep climbing at a strong quarter of investment the time and later. Well, later i'm selling to a very special x glue.

I'm coming you from the high seas. We are on disney treasures, the latest in a beautiful .

wanna ships experiences the power of C N B C prose. Best deal of the year. Track your portfolio from every angle on one optimize perform cc pro friday terms frictions ly.

Yes, morning E I was shocked to see a report from an altho muddy waters research to high profile shorts selling firm about their new position in crime fave e beauty. The value in a cosme explain the allegations were serious. Muddy waters points to publicly available import data, knowing that else imports have fall and precipice precipitous.

Ly, i'm sorry, but IT hasn't had much impact on their sales or immediate their conclusion. They think managements lying about the numbers. At one point yesterday, the stock was down fifteen percent, although I had ordinary finished off just two point two percent this morning.

The couple respond. They say the mural dise doesn't show up in the public import data because they followed a request for confidential with customs import protection. Basically, the public import data hasn't been coming.

Most of the stuff since february seems pretty reasonable. So is the case close here? Why don't we talk with tyring a me? He's the chairman and CEO of elf beauty.

mr. me. Thank you so much for your and back to make money.

Well.

thank you for having me. okay. So let's start. And I am going to to do some ready here because this very difficult, I don't want to get, I don't want to scrape myself, and I know you don't want me to do either.

This outfit, money waters are saying, you seem to be selling product you do not have. And then and hear something you do go to jail for. As we know, you materially overstated revenue over the last three years. Another thing that you going to jail force to say, revenue could be overstated by hundred and thirty two hundred eighty eight million from fourth quarter four to second quarter 8。 So with these things, which are criminal or charges, but how do you fun?

Well, first of all, the report was absolute nonsense. They are claims that I couldn't see import data from us as because we ask the us. Customs and border protection back in february to make that confidential for competitive reasons.

So our facts basically unraveled their entire report. The whole basis was on their import data. The facts are we just finished our twenty third consecutive quarter of net sales and market your growth and our companies, extremely healthy, has terrific controls on inventory and revenue recognition and is very well run. So I mean, this is a short select on to manipulate the stock down at the expense of other shareholders. And we put out the facts and our investors.

like when you told them exactly, we just told me what was the response.

Well, we issued a statement broadly to everyone, to the entire market. Um they could save themselves a lot of embarrassment if they just all and as he can you tell .

us about this asking me before they went out with, just call you and say, listen, you lied about everything and you belong in jail and what you have to say but they did not do that.

No, they did not. Do I need their intention obvious you they should have done that, but their intention was just to try to drive the stock down. And now that the facts are out there, you saw the stock actually increase today because people saw what .

the real thing let's cover what else they said. And look, I don't know them from adam, and I knew you for a long time. We recommend your stock at sixteen, so your money go with me.

So far, they say that you did change the way you did your accounting and that, that could lead to some of the problems were talking about the they said when you take the product has changed. They say it's a very difficult. It's about having to do with when you take ownership of your cosmetics. S, have you change your policy about doing that?

No, we did that ages ago, and there's nothing there's nothing weird about that. We used to take possession of our inventory when IT reached our warehouse in california, but we are paying insurance in all the vessel. So we thought a more prudent thing to do is take possesion of our inventory when IT left the port and on the ships that we are paying in insurance on.

So it's pretty straight forward. We have disclosed IT got out every ten q, ten k that we've had. So there's nothing there either. So again, a lot of inaccuracies and a lot about nothing.

Well, okay, so then you know is what we check with them. I'm going to read this one he just read i'm sorry about my had been like this what I got to do. In addition to the import data, muddy waters confirmed with three of else's four major suppliers that else's purchases have declined this counter year, one of the suppliers stated else purchases were down due to else working down its inventory baLance. It's telling IT else's response in the weber talk about now failed to address our finding else inventory increase could not have been due to a sourcing process change. I'll see you.

Yeah no total nonsense. If you take a look at our last quarter or q two, we grew net sales forty percent. We look at our consumption on Nelsons or connect extremely strong.

And in fact, we built up inventory to build a meat. The strong demand that we're seeing, not only in the us, but also international. International up ninety one percent last .

quarter to respond by why other cosmetics companies were doing badly. But is that not true? Having done well a lot of work with you and a lot of work with the cosmetics species, that you are gaining a tremendous mt of share because Frankly, you offer a value Price. And that has been to the great, a concern ation of other companies who are stories had raising Prices year to year year for everyday cosmetics.

Well, that's right. Our mission is to make the best of beauty accessible every eyes, lip and face. And it's a winning formula.

In fact, this last quarter, we picked up one hundred and ninety five basis points market air on top of three hundred and thirty basis points last year. This is our twenty three consecutive quarter of ring our market chair, and we're not the number one unit. Our brand in the us. Number two hundred dollars with a clear line of site in color r cosmetics for market leadership, we have two the fastest growing brands and skin care and elf skin and niches. Um and we have an incredible opportunity internally to continue to expand our brands international.

And how is your business with target had bad numbers? Just say, how's your business with target to because that are done to alter and have your business with all to.

yeah. So our business is strong at both customers. Both are terrific partners. Target is actually a longest standing national retail customer. They actually reported good numbers for beauty.

IT was a bright spot form where the number one brand with over twenty percent of the entire category were also the most productive brand that alter Carries. And so we have great business with them. And I think IT really points to that winning combination of our value proposition powerhouses, innovation and disruptive marketing engine.

So what happens now? I mean, the firm says these things. And if they're true, obviously, I made A I been around long enough.

I'm a lawyer to know that these are very serious allegations. Are do they take the allegations back or or maybe the way the business worse? IT just doesn't really matter.

Yeah, I think IT doesn't matter. I think as soon as investors saw what the truth is, which is we asked our important to be confidential, the a lot of companies do that for competitive reasons. They don't have any argument there. Instead, what you have to look at is the facts of just how a stronger our growth has been and how we're winning in the marketplace. And that's really the real news.

I will look mud waters does have more to say about this. You know, i'm going to come to you. I'd like to, i'd like to be fair, went to mute waters.

Their statement, I think when you make statements like this, you got to back him up and you gotta check with your sort. You got to check with the person that whose reputation you're trying to, who's that's cricket. And I don't think cricket was played here, but I appreciate that you coming on and clarifying things and if they have more play, i'm happy to win them too.

But I want to thank you so much. Trying to mean C, E O of health, beauty, good season goal is to empower you to be Better. James teachings, I was able to .

learn and become financially independent in my regional.

Join the cloud with jima's best deal of the year at cnb C2Com sla sh clu b, like for friday, terms of restrictions, supply.

I got a feel good story for you in a great month. The company called kindle a holds the information technology infrastructure services. Come IT was one of by IBM three years of now this supposed to IBM boring legacy business.

Yet there's nothing boring about kindra. Now two years go, the couple reported Stellar quarter talk of oure percent of that. Then today, they held an investor meeting with some very bullish to finish targets.

What happen? Stock up another fourteen percent. Can you keep running? Lets check in march, is the chairman cy of kindra holdings find out this is to welcome back to me one.

Thank you. too. Nice to be here. okay. And we gotten tell this story because a when you got from off from my B, M, I kind of was interested. And what thought you might have a good story to tell, but you specially sent, you know what, let's wato things are really good. How did you get where you are?

It's a great question. And and look where we start to meet a lot to prove. So we had to prove that customers really would value the work we did.

We had to prove that we could invest and get paid for the great work we do. We had to prove that we could get back to growth. And so IT took us three years.

which, by the way, you told me you would be a long time, you didn't tell me can be over to say you did you make that point?

Backlog based business. So even as we sit here today this year, this fiscal year, only half of our revenue is from what we've put in the back. Like haste le comes from my B M.

But what we talked about today in in our investor day, we laid out a path that we called triple, double single. We're going to triple cash flow from here for the next three years. We're going to do that by w in our profit, and we're going to do that by by sustainable single digit revenue growth.

So it's all coming together now and it's again a backlog. Big business takes a little time to work through, but it's also a very powerful financial model. So in addition to talking about long term targets, we also announced our first share of purchase authorization today because we're confident in the future.

Again, you told me that you do want to come on to you able to generate signal enough cash to be able to do substance that congratulations. I want people to understand the number of when you took over, you went from an adjust to protect income loss of three hundred and eighty six million in fiscal or twenty twenty two. To now you give you gave pretext income growth guides of positive foreign sixty million dollars.

That's a gigantic win. So some less got to be because you have new lines and you're able to do things that you couldn't do when the company was embedded. Nia, that's exactly.

So we got really two things when we spent out. We got an ability to invest, which we used to invest and create a platform called control bridge. We invested in our own skills, and we invested to build new capabilities that allowed us to reposition the firm.

And then we got a freedom of action. Obviously, we were part of a mission in IBM, and now we have our own mission, and we use that freedom of action to move really into the ecosystem that matter. So in in just these three short years, for instance, we went as an example from doing business with hyper scales.

And around the hyper scale, work from zero can be a billion dollar revenue stream for us this year. So we've executed to play that we called the three years focus accounts to, to get to reimagine the relationships we have a advanced delivery to improve our service levels, to improve what we do for customers, while at the same time a reducing ah how much of cost us to do that and then alliances. And that was again building out really deep, meaningful relationships without hyper scale.

People understand the previous business was really just flat out. Service business sold expensive everywhere, and then no one really expected to make a lot of money. IT wasn't supposed to in some ways, but and people felt, therefore, IT couldn't. But you didn't feel that way. You felt I could make a lot of money.

absolutely. So I think, I mean, I knew this business well. I knew the role that the people who were being spent out played in our customers environments. And so we have the best ine's doing the most complex work that run the most important workloads. We run the banking systems and the telecom systems and the supply chains. And I me, so I knew that this group of people did really important work and could get paid for IT and could create value for customers if we could invest and if we could use our .

freedom of action. Now IT does seem so. People understand that IT looks like there's a lot of outdated infrastructure in cyber security. So maybe something feel like what I missed IT. But judging from what i've read, there is a lot more business in front of you that many, many companies needs your help.

So it's exactly so for us. The complexity that exists in the world that moved to cloud, the resiliency, the regulatory action, all of that is a tail win for us. And none of this is getting easier. And companies are also trying to figure how I take advantage of what's next, how do I take advantage of gena, how do I stay up, keep up with the regulatory environment is always changing. All of this is a tail in for what we do now.

You had an imation number of large deals. Again, I think that those those were details that wouldn't you wouldn't be able to pursue, correct, when the company was embedded, certainly not because we couldn't .

bring the capabilities that these companies were looking for with the breath that we have today. And we couldn't have worked with the microsoft assure and the googles and the AWS is, and we couldn't work with we couldn't work with this APP the way we do now. So so that allows also the relationships to become bigger.

Now how do you have all this free cash flow? Because I was very concerned when you started that you wouldn't have this until maybe four, five years. You really kind of got this much fashioned. You could.

So the careful really does come from the profit growth that we had. A couple of things in our fact pattern that made us have a very high tax rate for the first couple years, but all of this were now working our way through. So so for us, as we again, the triple and the double, triple cash flow on on basically a bit over two x the profit base. So it's really driven by profit growth, and the cash flow does come out of this business pretty readily.

Now are you taking business from others? Or this is all new business because are other there are a lot and sold some firms out there that I know do very well and you and I both know they are. Is some of the business from them or is just all best?

Um IT is IT look at a bit able if we've been very focused on our existing customers. And so we've been very focused on growing the let share with that customer base, and we've done very well with that. But at same time now as we start to head into really pursuing more aggressively new customers, and by the way, in the last years, we've picked up three hundred plus new customers .

as well about the I can you .

have a great we do. We do all over the place. So so yes, we're really focus on growing our wallet share with our existing customer based. But of course, we're adding new customers because they're coming to us. They see what we've invested and they see the skills we have and they see the trust their customers have with us on mission critical systems.

Well, look, all I can say is, congratulations, you're very much a man of your bird, and I love to see those. We don't have any mistake. Thank you to mark shuter, chairman, sale of kindle.

Ll, symbol's. K, D, I know your local. I miss why I know marn IT is true that it's been an amazing break up, but should be a lot more ahead. and.

Earlier this week, disney cruise line welcomed its newish ship, the disney treasure, during a Christian celebration and the hudson, and never right here in new york city. Regular viewers know that I think this, this is part of disease experiences. Division is one of the companies the most promising opportunities.

So when we heard how close the news ship was in the office, we just had to take a walk. In fact, we got to sit down with josh a marrow. He's the chairman of disney experiences, and take a tour of the disney treasure. Look at this.

Josh, a feel like with the eighth wonder of the world disney treasure.

tell us about IT uh and this is our sixth ship in our fleet. It's incredibly exciting to take this one out on the high seas in late december sh'll be sAiling out of florida, like all of our ships in our fleet. This is all about story, deep story, deep detail.

That's what difference differentiates these ships from everything around here we are. Art reward the story of a laden right here in our our grand hall, but so much to explore on the ship, so much for family, so much for Young kids and and adults. We've got all disney characters on the ship of marvel.

We've got star wars. We've got coca. We've even brought some of our properties from our parks onto the ship. So clearly we are excited about.

but that is new, right? The disney IP that are using live show that never been seen before. These are different for business.

Yeah for the first time on the disney treasure, we're actually bringing stories and intellectual property from the parks on to to the ship. You and I just had a chance to to check out the hand. Imagine parlier, which I think people are going to go crazy for a lot of our theme park. Guess those that have have visited our theme park in the past, we know that three quarters of them, they actually want to come and crews with us and they will in next five years. So it's important that we take all of the intellectual property that we have around the company and we put them on full display on these ships.

We're excited about that. To talk about that as someone, my choice is big position in disney. This particular part of disney ah I would say was not accessible, didn't know about IT tell us about this. What fits into the most is.

yeah, well, we've in this business now since one thousand ninety eight, we launched our first two ships and we came into into the space and we essentially created family cruizing. The guest that come on our ships today, four and ten say the only reason that they're cruizing is because disney is here. So that's pretty powerful.

We've created space. We also know that when guest get on any one of our shifts, when they step off, they tell us they had an incredible time. Some of the highest ratings that, that we have across the whole company take place here on these ships.

So after the first two ships in nineteen ninety eight, we started developing the treasure is our is our six ship. Each one of these investments has very healthy returns on IT and is powerful for the whole company. To be able to take the stories that you might see in a theater or in a theme park like we talked about and put them on full this way here.

Now you do have a number of ships coming up, and IT shows me that division is going to be very important in, even for any pressure, are because you didn't have a great return investment on the first raise.

Yes, absolutely. This is our sixth ship. We got seven more coming.

So by twenty thirty one h we have thirteen ships in in the water. We see a big opportunity here. Obviously demand a is very, very strong for a fleet.

And fiscally, you're twenty four, we had a ninety eight percent occupants y rate. Uh, we know that the world is looking for more disney. These are brand ambassage for us that we can literally take take around the world. And so we're very bullish on what this can look like for the secondary.

The same time I was looking at at the some of your competence, and I happened to be very proud the industry right through covered two because I thought I just happened enough people, enough seat you to know it's just a really different dynamic. But people will never stop cruising has been my view, and that was certainly the case. But you are able to make a little bit more than some of the others per creese. Now what are you doing to make IT? So it's up more lucrative for shareholders.

yeah. So we're always thinking about value, how we driving more value for our guests. And that comes really in the form of story. Number one, you've seen IT on the treasure today. Everything that we do here, there is so much detail and and everything is steep in a story from the wall disney company that's incredibly powerful. Nobody else has that on top of that. If you look at the entertainment, the moana show, for example, that's on the ship to, absolutely, it's a phenomenal shell, the dining in the way that we orchestrates dining with, with story and unbelievable service. There's really so much to explore on these ships that really differentiate them for the rest of the cruise industry.

Now when I look at is the different we went to all the different ars and restaurants are you have some areas that are for children and some if people are watching, if their parents are watching, they can also have a long, long time while the kids are able to do all the things, which is very different from most places that I know that you can take your kids.

Yeah, glad you notice that there is literally something for everyone here. The kids will go crazy in the kids clubs. The parents can have the finest dining that they may have ever experienced.

Ed, before the shows are broadway quality. There are spaces for the families to come together and spend time together that what they choose to do. So there's S A ton of flexibility on these ships, and that's evidence by the profile of the guest that we see coming to visit with us.

And you know what happens after they leave. They say they are coming back again and they do. So we're proud of the experiences that we deliver.

Now I know people don't see the backstage in terms of knowing those things, but you have a close relationship with mark bin off and with sales force. And you know more, you have the data. So IT seems to me that what you ve been able to do is that if you take your cruise, people might know did you might know some of the things that you like, which you make IT. So a lot more fun then if just just, just showing up on the ship. Yeah.

it's a very powerful thing about the wealth. Is the company the information that we have across all the segment of the business, but we're making sure is that we serve our guests in the best way we possibly can. If we know what you like, you are going to get serve that. If we think you might like something across the company or in disney experiences.

we're onna guide you that way this time about you. I know that you've been in different parts of disney how you ended up at this shot yeah well.

first of all, I love my job.

I love what we have to do.

what i've been with the company for twenty six years and will be twenty seven in just a few months. I started the dishy land resort. I started in finance, and i'll tell you what the moment I got here, I realize how special this company was.

Anytime an opportunity came up, I said, i'm willing to do that. So i've been in multiple segments. I've had a chance to travel around the world, I lived in in asia, and i've had a chance to run some of these unbelievable experiences that we have around the world. So incredibly privileged and .

lucky to be in the role of and tell me about why this one is IT give you the thiel what? What would I experiences if I went on each four to each room, each dinner? Because I know that what you looked around. But I want people understand this. There is something for everybody here.

There absolutely something for everyone. And by the way, IT varies by shift. This is the treasured. This ship is all about adventure. So the shows that will be on the ship, like moana, they're different, and they kind of elicit different feelings.

The dining will be a, we have marvel dining here, for example, in coco dining, so you're able to have unbelievable food, but literally get pulled into a story. And I think we are in the most powerful things about these, the ships. And by the way, everything that we do with disney experiences, these are cast members and our crew members. You came across quite a few of them today. They are best in in class and making sure that families and the adults and kids have the best experience they possibly can have.

And where we headed, what will be our first, first destination?

What are we going to be doing? Well, this ship will be in florida, and we'll do an eastern curving cruse seven nights and western curvy cruise. So the destinations are are beautiful.

We have two a of our own islands gym that we take care of, our of our private, yes, of private islands. They are spectacular, getting great food, great beaches, great activities for the kids and in the family. So there's time to do.

And when when i'm finished the trip, this is a trip, it's important naval network goes and that comes back. Am I able to go on this in asia? Can I go a chip? Where else to the disease cases go?

yeah. So as we continue to developed ships, we will look at kind of the globe as an opportunity for us. So we have a shift called the disney adventure, which will be sAiling out of singapore.

So this is going to give us a chance to address a brand new market force. We don't have a theme park in singapore, as you as you probably know, uh, there are a lot of people, three point five billion families, three hundred million income qualified family. So we think we have a huge opportunity to introduce new fans to disney. These ships are basically brand ambassadors. We're able to tell all of our stories in one place and take Daisy to places that we haven't been.

But we got different business wave season how we do in because IT does matter, you know that everything matters to bob bigger and how the company is doing.

How's IT look at? Well, i'll start with this. You're twenty four, ninety eight percent occupancy on these ships.

So clearly, a lot of demand coming into and through wave season or already booked at ninety percent for for q two. We can see into q three as well. Things are going very, very, very well. The reality is that just love these these ships. So we're feeling very polish about you.

Thank you just now so much for showing us around this beautiful ship and won't ish you the best of luck with everything? Thanks to chairman disney experiences. Thank you, everyone.

And then the lighting round is over. Are you ready, James.

jim, and change in sounds airline. Ina, I wanted to get your thoughts on help incorporated. No, josh or questioners. company. sure. You know.

I have to tell you that until I saw that mark bert li is the C. E. O.

I didn't really have much in store for this. But vertically is a winner and a hitter. I think this Oscar health books is back in to be.

Let's take take a hard look at. Let's put IT that way. I've got that miserliness the show. It's good to chat new jersey chat.

Jim, thanks to take my .

call first. What's up?

I wanted to get your opinion on a opening a position on a delegate egg play that certainly praise for around twelve dollars as a Price earnings ratio under ten dollars. And recently got a pop when David in horn mentioned at last week, a of conference particular is cnh new. How and .

what's a second second rate? Or Frankly, I mean, got during there, I actually copied at less, which this copy did not move even with euro are doing that well today. I want to go with best breeds. Best breed is john dear, let's got a change economic Charles.

Hi jim. Thanks to the picking my call. All right, I had unretire many years now you and i'm trying to increase my given an income and I had to cool, good questions.

I was wanting A, B, G, S. And P, H. And I wanted to get your opinion, jumped the .

letter tilt of grape and terrific. But the former B, G S is a total loser, and has been a loser for many, many years. And I cannot stand by the fact of even thinking that, that division is safe.

I used to speak to the company quite a bit. They have not been able to delivered many, many quarters. So they they earn the appellation loser. Let's go to Jason. Could a Jason?

Hey.

jim 普 雅普 雅。

hey, we love to show my kids and .

I like every night. Thank you. You do wanted to get your thought on rocket lab. You don't need my food from rocket lab. It's one of those stocks to people are just gonna because they love the name.

They love the business is not a bad company by any means, but IT is up three hundred and five percent. I like to think that I missed, but I know people can't resist. It's moth the flame, but I gone to how close the moth is to the flame. Greg and flat, greg.

oh yeah, jim.

how we do and I do well, how important very .

well here to i've open this stop for a long time and twenty twenty three, i'm up over a thousand percent right now. I don't plan on sellin. In fact, after today's correction, I plan on buying more.

But I love with the T E. O. does. He's the man, the miss the legend. Michael sailor, the stock is microstrip.

What A B M S T R we used to call that myr. M str ve got to tell you to big coin play, I prefer to actually on bitcoin. I know that I try put some ort of short and I can tell bitcoin that's a winner. And that lady was conclusion of the lady around.

This bar get really loved the short buster playbook, where you find a happily shorted stock and bet that the companies, in even slightly Better shaped than people think lately, is like to some enormous winds. Take snowflake, which reported last night, snowfall is a rent the wrong way company, with the runway being the A I data cloud. This is always good idea.

You want to consume the cloud without having to make a huge spending company. You want to figure out of artificial intelligence is right for your company to try with this no free subscription. And if you like IT, you can stay with snowfall.

Yesterday, we learned that major companies, our stay with snowflake, bolstering its growth and bring gross margins way up. Copy is got a strong core business in new products that are gaining traction, and IT is a new partner ship with in throat, which is a popular AI platform, is heavily back by amazon. So IT was great quarter.

That's not the whole reason why the stocks is thirty three percent today take over and and to the point where the stock had attracted to the core of haters, high haters, people who are Betty heavily against they figures still flat would be beaten by completer that might be taken care. IT was in a worth for short. Now you can recited just the belief that this company couldn't shoot strain if the less that we know that's not true.

So place to and pretty n well. So there's no one more reason to pett against IT, which means the short sellers needed to buy shares in order to close out the position where they lose even more money. And that's how you get this kind of move.

These stories are popping up everywhere. He told, yeah, there were strong march and youth by that lots are Better than expected line items. Of course, even though we to know a transaction state the same for cells were really still down to point nine percent.

Business is not booming. It's just wall street was looking for same store sales to be down three point eight percent. Some flat is lowest, four point eight percent.

In short, IT was Better than fear. We called that. B, T, F. The short cell's thought wm cinema would explode because the verge business had to be bad, and that helped sales when business turned out to be fine. The short tees IT was dead at that point.

The shorts panic and race to buy blackstock in order, close up the positions. The shorts always panic when their trades fall part. Because unlike wrong, if you are short seller, you can lose a lot more than one hundred percent of your best.

But if the stock goes up too much, take a look at some other heady shorted stocks. Just been bs, carbon d three or sixty percent year insurance business revenue up two and fifteen percent. Upstart voto fin tech name of seventy five percent.

That wasn't purely from buyers who like the company is that was also, in short ells who were betting on the stench of failure. Instead, these couples ends up smelling like roses in the shorts. Were forced to buy in order to close out their position.

And crazy, the stock of giant deer have really short because there were several reports are saying IT would disappoint this every morning, but the farm equipment company report are Better than feared set of numbers and its stock ward thirty two box took up a lot of other construction stocks with IT. Of course, when a couple really does think of the joint that can be vary awarding for shareholder, the shorts win. But there is a dangerously assessment game.

Stocks can only go to zero, but in three day can climb to infinity. When you're short snows like you're carbonate, or eliminate, or upstart or dear, you might be dreaming of his ero. Now you have the nightmare of infinity. So when the shorts no longer have elected to stand on, they must become buyers. If you're a shoulder, there are your worst enemy when they're talking about a stocky in zero.

But once the stock start, sorry on any good news, the shorter are your best friend because their force buying is like a rocket fuel and they can stop the proposal while you or you just get to go along for the ride. I like to say, as always, one work, someone I prompt, I find IT just few. But you mean money, i'm to clam. See more.

All opinions expressed by gym m. Cramer on this podcast are solely cameras opinions and do not reflect to the opinions of C N B, C, N B C universal or their parent company or a phillida's, and may have been previously disseminated by cramer on television, radio, internet or another medium. You should not treat in the 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 ion gram's opinions are based upon information he considers reliable, but neither cnbc nor its fillies and our subsidy areas where its completeness, accuracy and IT should not be relied upon as such to view the full mad money displaying, please visit the N B C dot com forward flash mad .

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