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Mad Money w/ Jim Cramer
Mad Money w/ Jim Cramer 2/27/24
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deserves a disruptive partner so let's get started on what's next for your business step up your innovation at t-mobile dot com slash now my mission is simple to make you money I'm here to level the playing field for all investors there's always a more market summer and I promise to help you find it man money starts now hey I'm Kramer welcome to Bad Money welcome to Craig America I'm doing my friends I'm just trying to make a little money my job not just entertain to educate teach you so call me 100 743 cbs tweet me at some Kramer half full versus half empty you can apply that lens to everything in this market these days with a doubt shed 97 points all there has to be inched up point was ever said and then as a game point 37% you literally can see the whole tug of war play out today in the action of one stock apple after word leaked out the Bloomberg that he canceled his tenure project to develop an electric car the stock have been trending down all about a half a point when the news broke in first apple plummeted another half dollar I mean it was incredible which is a lot for this lumbering being kept stocked a real statement from the class half empty crowd but then boom it was off to the races the stock pirouetting and then soaring higher punching through a key level of support 170 956 all the way up to 180 $2.63 a stunning reversal glass half full contingent one in why I think it's because it's going on these optimistic realists and apples embracing efficiency where projects that are going nowhere gets shuttered especially not they need to invest in gender of AI I know I'd rather invest in AI than EV any day of the week and in your efficiency invokes Mark Zuckerberg's you before a monster run for meta even as I believe that apple would find that particular comparison oh yes the market for electric cars is plus or worse as we don't have cars that can be charged as quickly as we can fill up a proverbial gas tank and we have range anxiety without that charging infrastructure apple could be making a product without a market especially one that is a high price car without a market now what a contrast that with vision pro which I know is expensive but bear with me for a second I think that's gonna have a larger market is people more people develop software for the things the winner and not just from the early adopters said go try it on I love it or take the brand new apple sports app sleep fast cool quick updates on going on it's tote board like the more program they can put on that site them and not slow it down the more you want to download it and maybe ultimately pay for it right now it's free that app could be the gateway to sports for let's say four of a device that really doesn't have enough sports how about that let's uncomplicated things and it's certainly more important than electric car now I'm not against electric cars and I think we need to be sure that we're going in that direction ultimately but if you're apple you got better uses for that money right now well I think of the big burst higher what that have happened this market or particularly in the magnificent 7 I go back to Amazon which figure out how to do more with less to get you the package cheaper and quicker but but hey it's a lot of same day these days don't you think I think about meta yes glorious matter with the gigantic layoffs and recognition that you need to give yourself a return on investment for everything sure marks are we're still out there trying to make a better person to something but he's making progress as meta's rape and smart glasses are selling out everything is firing on all cylinders there the fewer people the right fewer people as for apple we have no idea what other big things it's working on so it's hard to say what's efficient for them but I think they're smart to ship that money from EVs to AI AI can help make your cell phones autocorrect a lot less irritating artificial intelligence has synergy with everything else they make whereas electric car would be its own separate thing in a market where they have zero exposure I can do without that speaking of efficiency what we really want to see you and I know where I'm going on this too is some sort of order at Google you know what I don't even want to call it alphabet anymore because heck they never change the symbol and no one else does I'm the only guy I think you calls it out I bet you're there they don't call it alphabet here's something to ponder how many visions how many outposts how many warrants are buried in the sprawling Google intellectual playground first let me bet you've been fooling around with your Fitbit charge six tracker having your four hundred fifty nine dollars done five cents is this tracker is just the one you want Google wasting its time on give me a garment truly a great use of brainpower isn't it what a cracker jack acquisition it's a needle bender let me just check on my phone to see if I can find out exactly on my watch oh there it is fitness audio workout oh no those belong to Apple I'm sorry or how about this Google had at one time two different competitive health initiatives going on I'm not kidding they started one in 2018 that was run by David Feinberg who's actually true health care genius who then moved on to surname when Google dissolved his division why not they already had a business called Verily devoted to health and life sizes two different divisions for health and life sizes at one company I mean what is that novel and survivor it's Google survivor Google Island but Jeff Pope CEO he ain't got nothing for the losing divisions he's speaking losing visions how's it way more doing it's Google self-driving car better any GM's I took a nice ride and before you shut it down I know it's back big deal look I believe self-driving cars are the way of the future I think everything's the way of the future it's easy to say that to say it isn't I'm a what I I think electric cars are the way of the future but they're not the way of the present and while it'd be a shame to see Waymo have a fiasco like GM's cruise head it shows us that there are real safety issues that have them resolved for driverless cars and not just black ice how much money has been spent on Waymo how much more will be spent the lousy performance of Google is indeed the talk of the town we know it's price journeys vulnerable is just a it's a it's a wafer it's the lowest the magnificent seven for reason it might be the worst one we know that it's ever so artificial intelligence have been let's just say episodic but Google's biggest fiasco was taking over the NFL Sunday ticket package burying it in YouTube TV and then doing absolutely nothing to monetize the throwing thing as it could have been they went as far as running cat pictures of the fourth quarter commercials when all of us are doing daily fantasy I'm not kidding we're all doing daily fantasy or plan fantasy they're on pictures of cats cats and I like cats I was once pretty a catch-out spokesman for about 30 second you left and we saw those valuable advertising real estate in the world fourth quarter where every fantasy player's weight of a beta breath then my vision of kittens Google bought this property and they find it no analytics no gambling ads no creative daily fantasy nothing and now we don't even know probably did on it they took one of the greatest franchise of the world to swivel out there with nothing no fanfare no cool stuff like they gave you an Amazon Amazon's got some really cool web service stuff no adjacent programming they bought it in a deep six it as if it were doomed to fail instead of embracing and promoting it have a forbid they gave us the breakdown of how it's really doing profit and loss that's not their style either who is this Google that made it so that we now use co-pilot instead of Google search all the time who is this Google with so many divisions and so many money losers that you feel like you're investing some sort of black box with a license to lose money at 000 I mean there has to be some point where management pushes to a year of efficiency and we finally find out how many different divisions how many layers they have that aren't producing anything and how many valuable franchises that like the NFL Sunday ticket they're just lying fallow here's the unborn is truth about Google that no one ever wants to say because they're afraid in stock will be dramatically higher if it would just do what Apple did today according to Bloomberg they justify everything there by saying it is justified I'm not kidding it's justified cuz well it's justified at Google you know what that's called that's called circular reason I've been a backer of Google for the day came public it's all the record you can say the day the day came public I said it was worth double triple I mean I knew however this weekend at the same BC investing club conference I broke the taboo and said you know what I have no idea who they are anymore alphabet Google cloud services changes name without telling anyone drones the balloons remember them the Fitbit the advertising business that's not as good as trade desk and now I haven't forbid problematic plus the self-driving business that may never see the light of day not to mention a search business that's increased the end result from General AI and a bunch of lawsuits do a lot of lawsuits they're really good they don't wear suits but they got lawsuits the real problem is that the people running Google don't seem to know who they are either they don't need a year of living efficiency they need a year of living dangerously Gators in for the thousands upon thousands of employees and myriad projects that might just be described as dead wood in another era here's the bottom line it's time for Google alphabet whatever I don't even care just stop running as a skunk works for all sorts of ideas that may or may not work and start focusing on actually making some money hmm otherwise let's just say I smell a skunk Daniel New Jersey Daniel hey Jim it's an honor I've been following you and listening to you for 19 years you're the only person at Wall Street teaching the small guy so truly an honor and appreciate you thank you Daniel I mean I sometimes I get hard on companies but yeah we're trying to help people make money I'm trying to teach I like it I'm looking for Gina Gilman she was at my conference this weekend for the investing conference we're trying to teach that's what we're doing when you said 19 years that's what made me think of Regina's that's the one we've been together how can I help you yes sir so I have an energy play market cap is phenomenal at 49 billion PV ratio at 1347 makes money like you say dollar nine per per share operates natural gas pipeline storage and transportation I'm wondering if this is a good investment or if you would recommend something else it's ET energy I like ET a lot I like enterprise to but I like ET a lot and I think that you know what Kelsey Warren I was critical because I didn't like some of the deals that he made everything worked out and he is welcome anytime on the show Kelsey I was tough I've relented and I've liked your stock for a while it's time to come back all right look it's time for alphabet where's the alphabet suit the Campbell suit we have that that's another stock kind of flat line but listen to me all of its got to stop running as the skunk works for all sorts of ideas and just focusing on making money or I'm voting them off alphabet island on that money tonight zoom has been in a tough spot ever since it became market drawing 2020 after putting a strong quarter last night is this the term we've been waiting for hey what are you check let's check him in the CFO then one thing that's in seven name be responsible for driving down the average is I'm going off the charts to see what the technicals are saying about the future and then let's remember hymns and hers well it's escaped the dog asked for the strong quarter I'm learning more about the story with the CEO and I got to tell you this one is one for the book so stay with Kramer don't miss a second of mad money follow at Jim Kramer on X have a question tweet Kramer #mad mentions send Jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com resourceful small business owners know how to get value from the purchases they already make for their businesses each month the enhanced American Express business gold card is designed to take your business further its pack with benefits and features like four times membership rewards points that automatically adapt to your top two eligible spending categories every month on up to one hundred and fifty thousand dollars in purchases per year so you earn more where your business spends the most plus up to three hundred ninety five dollars in annual statement credits on eligible business purchases at select shipping food delivery and retail subscription merchants and with flexible spending capacity that adapts to your business and access to twenty four seven support from a business card specialist you can continue to run your business with confidence the MX business gold card now smarter and more flexible that's the powerful backing of American Express enrollment required terms apply learn more at American Express dot com slash business gold card in life we're often driven by the search for better but when it comes to hiring the best way to find candidates isn't to search it's to match with indeed indeed to matching and hiring platform used by over three hundred million global monthly users according to indeed data need quality candidates fast use indeed for scheduling screening and messaging and you'll connect with candidates in no time and it's not just faster 93 percent of employers agree that indeed delivers the highest quality matches compared to other job sites according to a recent indeed survey and here's the best part listeners of this show get a seventy five dollar sponsor job credit giving your jobs more visibility at indeed dot com slash mad money just go to indeed dot com slash mad money right now and support our show by saying you heard about indeed on this podcast indeed dot com slash mad money terms and conditions apply need to hire you need indeed what's it gonna take for the stock of zoom video to get screwed back it's now been four years since the pandemic changed our lives forcing people to work from home and turning zoom into a household name but if you're searching in 2020 the stock spent the next couple of years getting pulverized as the world returned to normal didn't help they started faces from real competition heavy hitters like Microsoft Salesforce for the last year this stock's been bouncing around between the low 60s and the mid 70s but last night zoom reported terrific quarter a sizable top and bottom my beat and a strong for your earnings forecast even as the revenue guidance came in a tad light on top of that management roll out of one point five billion dollar buyback which is pretty significant for twenty billion dollar company no wonder the stock shot up eight percent today so could this be the beginning of a turnaround hey let's check in with Kelly Stegelberg she's the CFO zoom video communications to get a better read on the quarter and what comes next is Stegelberg welcome back to man money hi Jim thanks for having me I'm so I'm so glad you're here because I felt that there was so much to your beat I thought that this was one of those numbers Kelly that could be the beginning of something big but I want you to walk us through what led to the beat because it's pretty significant yeah so we were very pleased with our Q for results as you highlighted we announced revenue a little bit over one point one four billion dollars which was ahead of our guidance we also had very strong operating margins of 38.7% and our free cash flow was up over 80% year over year at 333 million dollars and that was a result of a lot of hard work this year focusing on expanding the platform momentum and zoom phone you know we're starting to see a lot of great wins with contact center also work vivo and stabilization in our online segment so all of that led to a really positive result for the quarter well I mean yeah I think people some people just don't even bother to open the deck under your company I saw this which really was exciting me customer traction highlights appeal for AI and customer experience solutions Broadcom is a remarkably tough and good company hot 10 Giaja worldwide liquor company can you kind of give me a sense of what these companies are doing with zoom that makes it so that there's really some traction here yeah so as you said Broadcom was a brand new customer win for the quarter so thrilled to have them joining the zoom family they bought our zoom one bundle which includes not only meetings but also team chat and phone so I think what they recognize is the total cost of ownership coupled with the amazing ease of use and reliability you get from from the platform and as you mentioned they're very focused on total cost of ownership so this is a great solution for them and then Diageo has been a great customer of ours using both meetings and phone for several years now they expanded into zoom contact center as well as zoom virtual agent so you know they've seen how we've transformed their meetings and their phone experiences and now are ready to leverage that into contact center and our virtual agent well it seems like a natural now the decision to make that giant repurchase how are you going to do it it's not it's not an accelerated kind of you're just gonna be there on days when people just don't think the company's doing as well because yeah we all know that you have a lot you've certainly in cash I mean huge amount of cash your incredibly conservative company which I like in uncertain times but this this buyback could be very very significant for a company like zoom yeah so first and foremost our priority is investing for top-line growth that's right so that means you know organic through expansion platform and go to market but also potentially in organic however as you just highlighted given the strength in our balance sheet with seven billion dollars in cash and no debt we feel and we also guided that we expect to generate free cash flow and FY 25 of approximately one point four billion dollars again so that gives us a lot of flexibility that we can do both meaning we can continue to look for opportunities to either accelerate development through tech tuckins or do potentially something more transformative while also now providing returns to our shareholders by executing this buyback and as you said it will be done in a very measured way throughout the year we will look for opportunities we set up a buying program every quarter so we look at where the market conditions are and that's how we decide how we're gonna execute this through the account you did use the word transformative you're telling me something really big came along you might want to use some of that cash hoard to make your company more relevant say for AI at this point something like that you know we look for inorganic opportunities across the whole staff it might make sense to add something where we're already investing to potentially you know accelerate that but the context center could be AI we also look at opportunities that sit next to us like I think work vivo is a perfect example of an acquisition that wasn't already in our core but has been a great addition to our platform and portfolio okay so today was one of those days where my my PC is in HP was slow which means they want you to turn it off and put it back on and sure enough what happens they must have done I was going to interview they it opens up to a to teams it then gives me three separate pages for teams I don't want those pages I use zoom and I want to go right to where my PC is but now that's not any trust I guess that's just what they can do huh yeah so what we hear from our customers all the time is they love zoom right they want to use zoom as you just indicated you're one of those nobody loves teams they they get sort of forced into this situation sometimes based on other decisions but we're really focused on continuing to provide a platform that provides limitless human connection and by continuing to innovate and provide great products to our customers at an amazing total cost of ownership and by that way we're just going to continue to solidify their love all right well the most important reason why I use zoom and many others it started with remote work what is the state of remote work in this country right now yeah so we have customers that are fully remote still they've chosen that as a way of working because of the flexibility provides to their customers and frankly potentially on the savings that they're seeing they've made it work all the way we have customers that are fully back in the office and then a lot that are somewhere in between in a hybrid or potentially a structured hybrid approach the great thing is that zoom has tools to support them no matter where they are in that work journey we have of course the meetings platform that everyone has known to grow in love we can stand it with phone with content and then we have an amazing rooms and events offerings as well we also have expanded recently into like work space reservation so that you can reserve your desk in the office and we know you're coming in for lunch for example so really working on expanding a platform that meets these customers no matter how they're embracing their employees work style well I gotta tell you Kelly I'm first of all I'm toward you came one today because this is a very positive day for zoom second I listed all those things and I think people have to refresh their view of zoom they look at some 2% revenue growth number versus say 17 for work day and they decide that that's the future maybe that's the past I think there's a lot of good things happening here and I'm thrilled that Kelly Stuckleberg zoom videos CFO came on the show and I always enjoy talking to you thank you thank you Jim it's great to see you absolutely man money's back after the break coming up own it don't trade it but do chart it Kramer checks in on Apple's trajectory next brought to you by Eden Vance the symbol of advanced investing what's inside your ETF with Eden Vance high yield ETF you know inside you'll find smart bond selection from a specialized team with deep fixed income expertise get to know what's inside EV HY the symbol of high yield done right at Eden Vance calm slash CNBC before investing perspective investor should carefully consider the investments objectives risks charges and expenses the current prospectus contains this and other information and is available at Eaton Vance calm read the prospectus carefully before investing not FDIC insured offer no bank guarantee may lose value not insured by any federal government agency not a deposit investments involve risk principal losses possible distributed by four-side fund services LLC what do we do with this market now that it's incredible recent run has cooled off a bit we'd ask to be 500 parking above 5,000 the average have gotten a major boost from earnings season but you got to ask yourself how won't get this last and plus given that we've got this surprisingly resilient economy the federal reserve is a lot less likely to swoop in with a series of aggressive rain cuts something many portfolio managers were frankly betting on put all together we got this really bizarre situation was little in the way of precedent normally you expect the stock market to be in real bad shape after the Fed takes up short rates by more than five percentage points yet the market's doing great because the underlying economy hasn't suffered much and so many terrific companies keep coming up with regular sharing new products just an unusual market all around isn't it it's so hard to get your berries I find the same thing I'm looking at the tape each morning saying what's going to happen today so that's why tonight we're gonna go off the charts for the help of Jessica and skid that's right she's the first woman act trader desk at fidelity she's now the director of product and education options play and she's also the co-host of the market make her podcast it's just got a real good tracker of late with us she pretty much called a bottom in the averages in late October right as it was happening and amid J-ru went backwards she told us we should expect a good year in 2024 even if there's might be some turbulence in the spring if you go back to that point a lot people were very worried that we're gonna have a big sell-off since then the average of indeed caught fire and while she's not ready to go negative she's actually feeling like the tech heavy NASDAQ 100 could be could be losing steam now that'd be a serious problem because tech has once again become the most important leadership group in the market it's about 25 percent of the market frankly so take a look at the weekly chart of the NASDAQ 100 that's the index that's made from the hundred largest non financial companies in the NASDAQ composite it's gonna point out the NDX is still in a bullish trading cycle you see it's going up right but she sees the trend losing strength what does she mean by bullish trading cycle okay it's gonna place to look at the 13 week look at all these different moving averages okay the 26th week in the 40 week because averages but they because the 13 week translates into a quarter right 13 weeks and a quarter is our baseline unit of time for evaluating anything in this business right now the 13 week 26 week in 40 week moving averages are all slowly upwards I don't know what she's worried about here however in skip notes that when you look at the Bollinger bands and I know it's might be hard to see but that's this John Bollinger come up they're really good you can see that that's the in casing these things how about that that's an important volatility indicator the bands are these purple lines above and below the price action you can see the NASDAQ 100 is no longer hugging those bands which was what it was doing she she says that often happens when a rally is fading and end a stock or an index is about to start trading sideways by the way I'm a sideways guy but some people just say ooh I don't want to do that it's just going sideways as in skip season the NASDAQ 100 has a floor supported the 13 week moving average which currently stands as 17 1 8 oh okay let's call it right right right different all right hey but that's nearly 800 points from here that's a big decline in general this is still a positive chart but it's just keeping an eye on the moving average convergence divergence line or the MACD that's down at the bottom okay that's a key momentum indicator if the index makes a new high while the MACD makes a lower high well that's bad that says we could be looking at the top we're not there yet but it's something we should definitely watch for next check out the weekly chart of the S&P 500 now this gives us the is a little simpler the S&P is also in a bullish trading cycle and in general this is a much more positive chart to be looked at before because it's made what's known as an engulfing candle pattern engulfing candle that's where the candlestick has a higher high and lower lows but ultimately we finish the period up okay in the black so to speak to in skip it means that the rally is likely to continue at the same time yes we blew through a ceiling at the 138.2 percent Fibonacci resistance memory just covered that the other day how these things don't resistance levels and that's now becoming new floor of sport that's a Florida 5033 down almost 50 points from here if it keeps climbing the next key Fibonacci resistance level will be 5296 nice huh that'd be fantastic game however in skip is adamant that the S&P depends on the NASDAQ 100 because this rally can't keep going with up to this position from tech and we saw what she saw just now about the NASDAQ 100 all right now how about the S&P 500 but an equal weighted fashion which measures all 500 components the same instead of weighing them by market cap this is a great way to sense the breadth of the market without outside the influence of the mega caps take a look at the weekly charger the inskip inskip says the S&P equal weight recent strength shows clear signs a broader participation that's very good the analysis now running up a ceiling of 6 5 5 8 and that's where it made it's made a lower high in January 2022 when the market had just started rolling over as it sees it the S&P equal weight needs to clear the hurdle before the normal S&P 500 can start making highs again got to clear this she wants to see the equal weight close above 6 5 5 8 okay a weekly basis before she's willing to pound the table but luckily that's up only a few points from where it's currently trading finally let's address the weekly chart of the second largest company in the world at least by market cap says let's talk apple now you know I always say the same thing I say own apple don't trade it instant says own it don't trade it but do chart it inskips concerned about apples impact on the next act 100 the S&P 500 because such large computer both indices make sense she's worried because she thinks apples in a consolidation mode it could be at risk of a falling into a bearish trading cycle as the 13 week moving average is now sloping lower 13 okay see this this is what she's most worried about that sloping lower 26 and 40 weeks moving average they're flattening out but we can't have this break down there we just can't the good news is can point out that apple does have a nice floor support at 180 dollars okay point one any point for two that's where it made a weekly high on January 3rd of 2022 by the way I'll write before the tech bear market crushed us the bad news the stock's only about two bucks above that floor if it breaks down it's going to says there's another floor support at 174.44 but apple drops below that level she'd start to get pretty concerned and by the way right before they announced that they're gonna get out of the car business this thing was threatening with this level so let's understand it's like a magnet in the end inskips sees a market with a lot of moving parts the NASDAQ 100 appears to be losing losing momentum and she says it's only natural for it to pull back after such a strong rally the S&P 500's war two whether it can keep going keep running higher comes down to the regular components which you can see it in the S&P equal weight and the mega caps like apple right now the equal weights showing strong signs of breath but it needs to rally a little bit before she feels really bullish at the same time she's watching apple like a hawk because of apple breaks down below 174 and change it's so big that it could throw off the major averages here's the bottom line the charts is determined by Jessica and skip could go either way which is why she says to focus on the S&P equal weight breaking out a few more points to the upside or Apple holding above its key floor support if both of these happen we're in paradise but if the equal weights equates stagnates while Apple pulls back hard she thinks S&P 500 and the NASDAQ 100 could be due for a pullback and remember again she was adamant that we were gonna have a big rally at the end of the year so she's not idle okay let's go to Dan in Illinois please Dan hey Jim I want to get your opinion on a infrastructure stock one that you don't hear very often they reported earnings last night the name of the company is sterling infrastructure the symbol is SPRL it operates in three segments infrastructure of course which includes data centers warehouses that takes up about 45% of the revenue transportation they work in highways airports rail storm drainage and lastly building solutions concrete parking lots etc well I think yeah I think you have a winner here Dan but I it's frustrating to me I have an infrastructure stock for the travel trust I wish I had five of them what can I say I said that this weekend at the investing club these are the stocks to own and as far as I'm concerned yours looks as good as the others it's not better so I say good work by you are we're our viewers are broad set of readers who's the uses I used to work in the street.com where we just readers our viewers are doing a terrific job putting great ideas in front of me keep them coming the charts are driven by Jessica didn't skip our toilet right now and she's looking at a couple key names like Apple and the eat well-weighted S&P to see which direction this market go if both charts hold up and even break out the new eyes then this thing can keep rolling but if they reverse course then we can be it's worth a real pullback what's where my money hit including my exclusive with hymns and hers rocketing over 30% hard today if they're earnings out of here with that's about then another big mover biking therapeutic sort over a hundred percent on positive results first weight loss drug but I think this is an important lesson on how to handle your winners. I'm sure what I would do with the stock and of course spoiler calls rapid fire and tonight's edition the lightning round so stay with Kramer. Look at hymns and hers hell from run up 31% of anyone the best performers the entire market. You've probably seen the ads for this online held play that lets you speak to doctors online and subscribe to fill your prescriptions after drugs help you with skinned or baldness mental health weight loss or whatever we now use them as we call sexual health. Hamns and hers came public via SPAC merger a few years. I guess a couple years ago yes and like so many other SPACs it got annihilated in 2021 and 2022 even less than five months ago it's still trading at just five dollars and change but since then it's been screaming higher versus stock nearly doubled earlier this month then a lacto tactical on another huge move today after the company reported what a magnificent quarter last night. Imagine if you're terrific for your forecast could this be one of those rare post-spac stories that boss them into a high quality company. Let's take a close look at the engine do them. He's the co-founder chairman and CEO of hymns and hers. Mr. Doodle won them and money. Thanks for having me. Well look I got to tell you this was some quarter and this is your first time one so why don't you just give us a basic overview of your platform and the health services and what's the value proposition for customers versus say some of the others that are out there. Yeah so hymns and hers is simple we help people get access to world-class care from the comfort of their home. They can pick up their phone while sitting on their couch talk to a licensed provider get a personalized medicine and have that delivered to their door in just a couple of days for somewhere between 30 to 50 dollars so it's mass market it's affordable it's clinical excellence and and it's going after the things that people really care about you're talking about categories like weight loss and mental health and dermatology and sexual health like you mentioned. These are some of the categories that are the most emotionally resonant categories to people when they wake up in the morning it really drives how their day goes and we're helping them take on those challenges and get them personalized care for them. Let's talk about that I find that a lot of the areas that you talk about your product roadmap you're cutchy I mean a lot of people don't want to talk about them they're uncomfortable yet they really do want to talk to a doctor it's just they don't want to talk to other people about it. Is that how you kind of how do you pick up categories to emphasize? You know in the core specialties we offer there are over a hundred million people struggling in this country right so they are massive every household in the country is struggling with one of the categories such as weight loss sexual health dermatology mental health and what we're doing is breaking down barriers to get access that could be making it more affordable it could be removing stigmas like you mentioned making people understand that these things are common and normal it could be educating them that there are personalized treatments we can we can make and manufacture for them that actually work and ultimately what that is doing is bringing a lot more people into the market we disclose in this past quarter that revenue is growing very robustly we're taking massive share both from peers and also bringing new people into the market and it's because of that barrier breaking that that's the result. And the new people progression is really quite stunning in terms of how many you've added just say in the last 18 months. That's right we are over 1.5 million subscribers on the platform and I think what's really interesting about this Jim you're talking about a health care industry that is $4 trillion and that has truly yet to be disrupted by modern consumer care and what I mean by that is customers can't pick up their phone get access to price transparency and choice and then make selections and that's exactly what we're offering and so when I see 1.5 million subscribers on the platform today what gets me excited is adding 10 or 20 million subscribers to the platform because I really believe in this $4 trillion health care market the majority of customers are going to be going through a platform like him's and hers in the future it's just better it's better care it's more affordable and people love it. Someone told me they said oh Jim don't emphasize those guys that all they do is they send you to GOP-1s so I went on I went on weight loss I put on my numbers they're about 25 questions I asked that's okay you should ask 25 questions it shouldn't just be like in the waiting office where you check your weight and then they sent me to met foreman and now I don't know met foreman I know people taking it as a wonder drug but what would happen if I said you know what I don't want met foreman on one GOP I mean they would I then be speaking to a physician and they might say that met foreman's better for me given my profile. You know that's the beauty of the platform is you can have real conversations with real specialists so within a minute you can connect on your phone get access to specialists that's licensed in your state and then have a real conversation and have and have a discussion about the pros and cons of different options. This is one of the hard things about healthcare today for customers is you go and you get prescribed whatever they give you and the reality is is with Google today and the internet today people want to have choice and they want to be a part of that conversation and part of that that discussion and with the personalized infrastructure that we built which allows us to prescribe and manufacture and compound different medications and different dosages for your specific needs it gives customers that ultimate choice and you're making something you're speaking of choice you're making some tough choices about what you're trying to cover I know you're targeting PTSD insomnia substance abuse I know these are undercover areas because they're so tough but you don't care you're going to the toughest ones right. You got to go straight from the toughest ones and we know these customers exist that's why I think we're so excited by the robustness of this year we put out guidance just yesterday I'm over a billion in revenue this year and net income positive so a full year of profitability and the momentum is driven by these tough categories right solving the hard problems with technology with pharmacy operations to deliver great clinical experiences to the masses at very affordable prices. Well I got to hand it to you I mean it's uh it's something I think people should check out I checked it out geez these guys are some rigorous processes that you have it's not just some mill it's not a health mill it's a rigorous process I'm going to thank Andrew and do to me is the co-founder chairman sealed hymns and hers H.I.M.S. we're coming on it's great to have you on the show sir thank you. Thanks for having me. We have monies back here for the break. Coming up, Kramer takes your calls and the sky's the limit. It's a fast fire lightning round. Next. Before we get to the lightning round I need to let you all know how fired up I am still about the investing clubs annual meeting this past Saturday. On top of my state of the market member Q&A and talking about the club's portfolio we had a special segment going through the history of mad money with our own very special executive producer Regina Gilligan she was on stage with me sharing some behind the scenes secrets and stories for almost two decades of the show for the first time ever we should go behind the scenes with this limited time warfare to the club catch the highlights or the whole meeting on demand here's what you need to do just scan this code or go to CNBC.com slash flash sale to learn more and now it is time for the lightning round and then the lightning round is over are you ready skiing daddy talking to the lightning round occurs as much over Dean oh how Dean hi Jim how are you I'm good how are you Dean good I I'm a charter member of the investment club still with you I love it thank you thank you for being there thank you yeah well my my stock my company started out as a real estate investment trust it is now a profitable global alternative asset manager the name of the company is digital bridge group yeah I remember what it was the real estate investor said why did they do exactly what they're doing you're quite right and it's a good stock our viewers are so smart it's a really good call by you I thought about the other things I was in boca let's go to Dennis in South Carolina Dennis hey Jim Booyah I'm a long time first time excellent South Carolina I'll call them about one of the largest food packages in the country they're reporting this week what do you say by sell or hold active evergreen oh man that's a gun to my head I can't do that as much as I'd like I happen to love the package in business and we've seen some really good numbers for a bunch of the packaging companies I can't do that I don't know it well enough let's go to Steve in Texas Steve hey Jim I'm great show how's it going it's going well Steve how about you excellent great talking to you actually what's your opinion on and has a bush you know I've looked at it time and time again I keep coming back to thinking that Constellation Brands has better cash flow more opportunities and has a wine business that it could sell that's why the trust owns that Bill Newlands is going to be faithful to shareholders and they have someone familiar management on the board I like that one let's go to George in California George Booyah Jimmy Till this is George in fact hound love it what's up I have sound hound A-I-S-O-U-N well that's just an Nvidia play Nvidia mentioned it Nvidia whatever they mentioned I think getting getting pictures that's my next one because that's mentioned by Nvidia and that I'm going to push it up a lightening round The lightning round is sponsored by Charles Schwab When a market gets too speculative you'll see these gigantic single day runs in individual stocks like what happened to Viking Therapeutics today these guys announced that their clinical stage GLP1 weight loss drug could work even better than the fully approved ones from Eli Lillian over and worse the excitement from this trial data sent to stock to this atmosphere had only from $38.85 up 121 for some for today look at your already only guess what you just hit the jackpot you know that now because they filed an offering for three hundred fifteen million dollars tonight post act post jackpot they'll probably raise a lot more than that though when you've hit the jackpot on a speculative stock you need to take your money and walk away at the very least sell half the position so that you're purely playing with the house's money that's a terrific place to be it's especially true for Viking Therapeutics because when you do the homework when you see what they have their drug doesn't actually seem to rival lilies not in terms of time the market not even in terms of weight loss if you're using apples to apples comparisons if you believe today's headlines Vikings beating Eli Lillian because their phase two data showed that the Viking candidate led to more weight loss than you get from the jar the drug lily company has in the market but that's the wrong comparison you think lily isn't working on their only improved GOP one drugs right now of course they are in fact they've got a drug in phase three trials that perform simply the Vikings compound that's their only phase two plus in these situations guess what a tie actually goes to the incumbent we often find these situations where no name pharma alpha comes up against a household name pharma so it will come in like lily and let's just say the regulators they kind of treat them a little differently lily and no one in order to score you have the GOP ones in the market so there's no particular urgency when it comes to improving and extremely similar product from some company they may never have heard of I'm not saying they block something like this but like it or not it gets held to a higher standard and the approval process tends to take longer more important Vikings than it is from a phase two trial not phase three so it can still be years away from commercialization even if it got approved tomorrow though they don't have the ability to manufacture the drug at scale maybe Viking can find a deep-marketed partner but even then they'd struggle to make a real dent in lily sales purely because they lack the production capacity hence why we keep sticking with lily for the charitable trust the 350 million dollar or more shares that they could sell file to sell and get tomorrow could allow the stock to go higher as people might have thought that they would even do a bigger offering but it won't get them to the finish line on this drug and that's why once again you need to ring the register on Viking here especially if you bought it when I profile it as a homework assignment just last May we said it was time for a great spec of the stock but that was when the stock was lower much slower since then it's up 267 percent but really you don't want to be the third or fourth drug going to get into particular business as chief spokesperson for the american migraine foundation i'm going to shoot supper for my great i take a once-in-a-month injection called aim-of-ignus made by Amgen the FDA blessed at first and then it'll also prove to other drugs that were similar one by lily and one by Teva major companies my doctor kept me on amgen's drug because it worked in typical experience you don't change to a new one if the old one works because it's too risky but think of it like this Teva no one nor is amgen and you legally are all companies that know the game and play by the rules they do gigantic phase three studies the kind that await Viking if and once they get his weight loss drug approved those clinical trials cost a fortune i use percentage of them fail so again a phase two study by a no name pharmaceutical company that's suddenly better on weight loss from current standard but basically one part with what lily's got in the pipeline consider yourself lucky today you hit the powerball winner don't stick around too long and give those games back even if tomorrow's offering is successful i like to say there's always a more market somewhere i probably try to find it just for you right here oh man money i'm jim kramer see you tomorrow last fall starts now all opinions expressed by jim kramer on this podcast are solely kramer's opinions and do not reflect the opinions of cnbc nbc universal or their parent company or affiliates and may have been previously disseminated by kramer on television radio internet or another medium you should not treat any opinion expressed by jim kramer as a specific inducement to make a particular investment or follow a particular strategy but only as an expression of his opinion kramer's opinions are based upon information he considers reliable but neither cnbc nor its affiliates and or subsidiaries warrant its completeness or accuracy and it should not be relied upon as such to view the full mad money disclaimer please visit cnbc.com forward slash mad money disclaimer this is rob will height founder of the will height law firm if you've been seriously injured in an accident you want will height to handle your case awarded best law firm in 2023 colorado drivers know that when they're hit we hit back harder our firm stands up to insurance companies who want to keep the settlements down big accident win big with will height get your free case review right now just call 303 good law today or visit will height wins dot com and chat with us 24/7 that's 303 good law or will height wins dot com