Subtitles section Play video Print subtitles MAKE YOU MONEY I'M HERE TO LEVEL THE PLAYING FIELDINVESTORS THERE'S ALWAYS A BULL MARKET SOMEWHERE AND I PROMISE TO HELP YOU FIND IT. "MAD MONEY" STARTS NOW HEY, I'M CRAMER. WELCOME TO CRAMERICA OTHER PEOPLE WANT TO MAKE FRIENDS, I WANT TO MAKE YOU MONEY. MY JOB IS NOT JUST TO ENTERTAIN BUT EDUCATE AND TEACH CALL ME OR TWEET ME @JIMCRAMER. OUT WITH THE OLD IN WITH THE OLD. WE HAVE A TENDENCY IN THE BUSINESS TO MAKE DECISIONS BY CALENDAR, ESPECIALLY THE CHANGING OF THE GUARD IN THE NEW YEAR LADIES AND GENTLEMEN, IT DOESN'T WORK IT DOESN'T WORK FOR ONE VERY SIMPLE REASON OTHER THAN THE CHANGE IN THE CALENDAR, NOTHING CHANGED IN THE ECONOMY IT'S STILL SLOWING THINGS CHANGE WITH THE FED IT'S STILL FOCUSED ON RAISING RATES TO BRING DOWN WAGES. NOTHING CHANGED WITH THE EARNINGS WHAT IS BAD STAYS BAD AND IN SOME CASES, THE BAD WAS WORSE. WE GOT A STUPID SUCKER RALLY THIS MORNING, I MEAN, UNBELIEVABLE BASED ON EUROPE THAT FELL APART BY THE TIME WE DID OUR DAILY 10:20 BROADCAST AND THE DOW SHEDDING 11 POINTS AS WE SLIP AND NASDAQ LOSING 7.6% BELIEVE ME, IT WAS WORSE EARLIER IN THE DAY SO BAD IS IT GOING TO BE ANOTHER 2022 LOOK, I'VE BEEN OFF FOR A WEEK AND A HALF THANK YOU. LET ME REMIND YOU WHAT WAS WORKING AND WHAT WASN'T GOING TO WORK IN THE HOLIDAYS BECAUSE AGAIN, DESPITE WHAT YOU MAY HEAR ABOUT HOW THE NEW YEAR BRINGS BIG CHANGES, IT JUST DOESN'T FIRST, BECAUSE WE'RE GOING INTO A SLOWDOWN, THE RECESSION PROVES STOCKS TRIED TO STAY HIGHER, HEALTH CARE, CONSUMER PACKAGED GOODS WERE WORKING AND WE BOUGHT A HEALTH INSURER FOR THE CARTABLE TRUST I FEEL GOOD ABOUT IT THE GROUP GOT HIT WITH DOWNGRADES, I DON'T THINK THEY'LL MAKE MONEY ON THE SALES AT ALL THE NON-ZERO COVID STOCKS WORK THEIR WAY HIGHER BECAUSE NOW THAT THEY'RE REOPENING, MILLIONS CAUGHT THE VIRUS BUT THERE IS NO GOING BACK AT THIS POINT, CHINA IS HEADED FOR THE HERD IMMUNITY ALTHOUGH THEY'RE GETTING IT THE WRONG WAY BY LETTING EVERYBODY GET SICK RATHER THAN RIGHT AWAY BY GIVING THEM THE BEST VACCINES, HERD IMMUNITY NOT GREAT FOR THE ELDERLY. WALL STREET CARES THAT WALL STREET IS BACK IN BUSINESS AND THE WORST PERFORMING STOCKS WERE CHINA RELATED AND THE WORST WE FORMERS WERE OILS. CRUDE CAN'T FIND FOOTING IF IT'S ABOVE 70, I THINK THIS SHOULD GOOD YIELDS SHOULD COME OUT AHEAD. THERE IS LESS SUPPLY FROM RUSSIA AND MORE DEMAND FROM A REOPENED CHINA. WE JUST TOLD CLUB MEMBERS THE COURSE BUT IT WON'T BE EASY IF CROWD GOES TO THE HIGH 60s DOWN ROUGHLY $7 FROM HERE WHY LOOK OUT FOR THE OILS? THESE ARE COMPANIES WITH CHEAP STOCKS THAT THROW OUT A TREMENDOUS AMOUNT OF CASH FLOW AND WILL MATTER TO THE MARKET. SOMETIMES YOU HAVE TO GO AGAINST THE PROVERBIAL GRAIN BETTING IT CAN CHANGE HEY, BY THE WAY, LATER IN THE SHOW I'LL MAKE A COMPELLING CASE FOR BUYING THE STOCKS OF CRUDE HERE MEANWHILE, THE SEMI CONDUCTOR STOCKS CONTINUE THE RACE TO THE BOTTOM THEY ARE AWFUL I MEAN, IT'S INCREDIBLE, ISN'T IT IN ALL OF THEM OPENED UP HUGE THE PERFECT PICKOFF AND THAT LED TO REAL BAD TRADING AND ULTIMATELY KICKOUTS AS THIS GROUP CAN'T BE TRUSTED WE HAD A SEMI CONDUCTOR GLUT LAST YEAR AND I DON'T SEE THAT ENDING ANY TIME SOON IT'S NOT NECESSARY IT'S NOT NECESSARILY GETTING WORSE. IT'S NOT BUT YOU'RE JUMPING THE GUN IF YOU THINK IT'S GETTING BETTER. LET'S ADDRESS THE ELEPHANT IN THE ROOM AND SPEND TIME ON THE MEGA CAP TECH STOCKS THEY WERE DOWN LAST YEAR AND GOING DOWN AGAIN TODAY BEFORE A LATE DAY RALLY ALLOWED SOME TO FINISH HIGHER, OUT WITH THE OLD, IN WITH SOME OF THE OLD? FOR THE LONGEST TIME, WE VALUED THESE STOCKS LIKE THEIR HIGH GROWTH RATES COULD CONTINUE FOREVER. MONEY MANAGERS WILL PAY A MASSIVE PREMIUM FOR THE STOCKS WITH ENDLESS GROWTH. LAST YEAR WE FOUND OUT THAT'S NOT THE CASE THEY GOT TOO BIG TOO CYCLICAL, SUBJECT TO THE SAME BOOMS AND BUSTS AS EVERY OTHER COMPANY NOW THE STOCKS ARE CRASHING BACK OF COURSE THE FED BET ON CRUSHING HIGH INFLATIONARY GROWTH WE'VE BEEN TELLING CLUB MEMBERS IF YOU DON'T ALREADY OWN APPLE, YOU MUST WAIT UNTIL YOU SEE THE WHITES OF APPLE'S EYES, WHICH IN THIS CASE COULD BE A BRUTAL PREANNOUNCEMENT INTERPRETED AS AN APPLE GLUT TOO MUCH POCKET. SO I BELIEVE APPLE ISSUES ARE RELATED TO SUPPLY, NOT DEMAND. A TOUGH TIME TO OWN STOCK BUT APPLE IS A HIGH QUALITY COMPANY. LISTEN MAYBE YOU CAN SELL IT THEY'RE REALLY TROUBLING TESLA JUST REPORTED A SHORT FALL IN THE FOURTH QUARTER. IT DOESN'T HELP THAT ELON MUSK HAS BEEN FORCED TO SELL SO MANY OF HIS SHARES IN ORDER TO BUY TWITTER. THIS IS THE WORST POSSIBLE TIME FOR HIM TO BE DISTRACTED BECAUSE IT'S THE YEAR THE MAJOR AUTO MAKERS CAN SAELL HIGH QUALITY ELECTRIC VEHICLES. TESLA NEVER HAD COMPETITION. AMAZON AND APPLE HAVE A CHANCE OF GOING HIGHER BUT MIGHT NOT BE EASY AMAZON'S FATE IS IN ITS OWN HANDS. FORGET WHAT WE'VE BEEN DOING LET'S DO THIS. WE'RE GOING FOR PROFITABILITY FIRST AND GROWTH SECOND. THAT'S THE OPPOSITE OF THEIR WHOLE ETHOS THE CEO MAY HAVE TO FIRE UP TO 200,000 PEOPLE AND LET'S SHUT DOWN, HEY, I DON'T KNOW, TEN ANNOYING VENTURES TO GET THE STOCK MOVING AGAIN. BRUTAL BUT THAT'S WHAT THE MARKET DEMANDS APPLE IS INTERESTING BECAUSE IT SELLS 17 TIMES EARNINGS BECAUSE IT TURNS OUT TO BE AN ADVERTISING COMPANY. THE GOOD NEWS IS THAT ALPHABET HAS AN EXCUSE TO SHUTTER COSTLY SIDE BUSINESSES AND LAY OFF MANY PEOPLE THAT WANT TO ACCOMPLISH THAT MUCH INCLUDING THOSE TRYING TO TEACH THEY HIRED THIS YEAR. JUST LAST YEAR THE ONLY KIND OF ADVERTISING THAT GOES UP IN PRICE IS THE NFL. THEY NOW HAVE IT ON YOUTUBE. IF IT TURNS OUT YOU'RE RUNNING AN AD COMPANY, HEY, WHY NOT HAVE THE BEST MUST WATCH PROGRAMMING TO ADVERTISE AGAINST AS OPPOSED TO WHAT THEY HAD WE THOUGHT NEW MEDIA WAS DIFFERENT. ALL ALPHABET HAS TO DO IS RUN ITSELF LIKE AN OLD MEDIA COMPANY TO GET THE STOCK GOING AGAIN I'M NOT KIDDING LIKE THE OLD CBS. MICROSOFT IS SUCH A QUANDARY CAN YOU IMAGINE HIDING IN A STOCK THAT SELLS AT 25 TIMES EARNINGS BUT CEO KNOWS HOW TO DELIVER YOU KNOW WHAT? HE'S THE ANTI ELON MUSK IN EVERY SINGLE WAY FINALLY, THERE IS THE DEBACLE THAT IS META PLATFORMS I'LL DO THIS BECAUSE EVERYBODY WANTS ME TO DO IT. HERE IS THE STOCK THAT TRADES AT THE SAME PRICE MULTIPLE AS A SOLID COMPANY. WHEN THE SHARES ARE THAT CHEAP, YOU HAVE A LOT OF LEEWAY TO DO THINGS AND SEE THE STOCK GO UP THAT'S SOON TO BE KNOWN AS REELS, THE TIKTOK KNOCK OFF AS CHINA SENTIMENT MAY SPELL THE END IN THE UNITED STATES I CAN'T TELL YOU HOW IMPORTANT THIS WILL BE MARK ZUCKERBERG IS TRYING TO COMMERCIALIZE SOMETHING THAT CAN'T BECOME M COMMERCIALIZED. NOBODY WANTS TO STICK A HEAD SET ON AND LOOK LIKE AN AVATAR SOMEBODY HELP ME WILL I WALK INTO A WALL? THAT'S WHAT THE METAVERSE MEANS NOW. IT'S NOT THE ULTIMATE SHOPPING WALL IT'S THE ULTIMATE HIT A WALL WHERE THE MALL WOULD BE GOOD YOU COULD TRY ON CLOTHES AND GO TO THE AISLE AND DO BANKING. AMAZON ON STEROIDS MAYBE ONE DAY IT WILL BE BUT FOR NOW ZUCKERBERG NEEDS TO PUT SOMEONE IN CHARGE AND GET THE FREE CASH FLOW GROWTH. IT'S BEEN NEGATIVE AND FINALLY AN AGGRESSIVE EFFORT TO TAKE MASSIVE SHARE FOR TIKTOK AMAZING. HE'S NOT BEHIND THE ATTACK ON TIKTOK REMEMBER THE OLD FACEBOOK SHUTTLE AND GETTING MONEY TO PEOPLE AND STUFF WE REALIZE THAT TIKTOK WAS THE LATEST VENTURE NO, NO, NOW ANOTHER MR. CLEAN. THE STOCK CAN MAKE A COMEBACK BUT IT'S WAY TOO SOON. WE HAVE A LOT TO TALK ABOUT AS THE WEEK UNFOLDS WE'RE GOING OVER THE WINNERS AND LOSERS OF 2022 THAT COULD BE THE BEST PERFORMERS BUT,THE BOTTOM LINE, IF YOU HAVE ONE TAKE AWAY, ONE TAKE AWAY FROM TURNING THE PAGE ON THE CALENDAR, IT'S THE MEANINGLESS OF THE STOCK MARKET. CALENDAR ALWAYS WILL BE DECEMBER TURNS OUT, I LEARNED THIS IN SECOND GRADE IS CLOSE TO JANUARY, FEBRUARY IS NOT BETWEEN DECEMBER -- WELL, YOU KNOW THE ORDER. THE FUNDAMENTALS ARE WHAT MATTERS AND SADLY, WE HAVE NOT TURNED THE PAGE ON THE ECONOMY, JUST THE CALENDAR. HEY, DO YOU MIND IF WE GO TO JEFF IN FLORIDA, PLEASE, JEFF? >> Caller: HAPPY NEW YEAR, JIM. >> HAPPY NEW YEAR, JEFF. >> Caller: HEY, I'M A CLUB MEMBER AND A LONG-TIME FAN OF YOU AND THE SHOW I'M ALSO A BERKSHIRE MATH AWAY HOLDER IS THIS A GOOD TIME TO ADD A POSITION >> YES, YES, BUY MORE BURKE SHIR BURKE SHIRE MATH AWAY. I KNOW SO MANY PEOPLE ARE WORRIED WHAT WILL HAPPEN AFTER -- I DON'T HAVE TO TALK ABOUT IT ALL I CAN TELL YOU IS IT'S A VERY VERY INEXPENSIVE STOCK IT'S BEEN A WINNER IN THE LAST THREE MONTHS WE ARE TURNING THE PAGE AND THE CALENDAR BUT YOU HAVE TO REMEMBER IT'S MEANINGLESS, THE STOCK MARKET AND DON'T LET PEOPLE TELL YOU OTHERWISE. JANUARY BODES WELL FOR THIS. NO THE FUNDAMENTALS ARE WHAT MATTER TURN THE PAGE ON "MAD MONEY" TONIGHT THE MIGHTY DOW HAD BIG WINNERS. I'M THINKING OF THE FIVE NAMES TO KEEP CRUISING HIGHER AND THIS MARKET REMAINS HOSTAGE TO THE FED'S FIGHT AGAINST INFLATION AND COMMODITY. THEY'RE A HUGE PART OF IT. I HAVE TO GO OFF THE CHARTS OF A HAND FULL OF KEY COMMODITIES TO SEE WHERE HE STAND AS THE HICKUPS. CAN YOU BELIEVE IT'S THE NEW YEAR >>> CAN THE WORST PERFORMING DOW STOCKS OF 2022 PRESENT OPPORTUNITY THIS YEAR? I'M GIVING YOU FIVE MORE BIG IDEAS FOR THE NEXT YEAR SO STAY WITH CRAMER. >> Announcer: DON'T MISS A SECOND OF "MAD MONEY." FOLLOW @JIMCRAMER ON TWITTER HAVE A QUESTION, TWEET CRAMER #MADTWEETS SEND JIM AN EMAIL TO MADMONEY@CNBC.COM OR GIVE US A CALL A
B1 US stock calendar apple market tiktok dow Jim Cramer warns that negative forces are still pulling down the economy in the new year 8 1 WP posted on 2023/01/04 More Share Save Report Video vocabulary