Lightning Round: Be careful with Under Armour because Nike is coming back with a vengeance

Wealth Wizards
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2 Video Views·Dec 22, 2024
Mad Money' host Jim Cramer weighs in on stocks including: Cheniere Energy, Arista Networks, Texas Pacific Land Corp., Under Armour, Wells Fargo, Carvana, CSX and Eaton Corp.
It is time for the White Ramp Crasher, brought to you by Cole's Auto Seasoning,
Mr. Hockstetter, and by myself, Seth Sparrow.
And of course, I'm with Stephanie Opsen.
And then the White Ramp is over. Are you ready, Steve?
Time for the White Ramp Crasher, but let's start with John of Michigan.
John.
Hey, Jim. I love the show.
Thank you.
I just wanted to know if I could get a twofer.
I'd like to know what your thoughts were on exporting LNG and Chenier Energy in particular.
OK, I like the LNG market now that we have President-elect Trump coming in,
because he's pro-LNG and Chenier is a terrific stock.
It's up 20 percent a year. I think he'd still do well.
Let's go to Frank in New York. Frank.
Jimmy, how are you after this tumultuous week?
I tell you, what a week. What a week.
Listen, Jim, I'm looking at this stock that I think is really in the sweet spot.
It's got plenty of juice in the tank. What do you think of Arista Network?
Jay, she is some incredible CEO, and that business is smoking hot.
I would be a buyer of Arista.
Let's go to Stafford in California. Stafford.
Hey, Jim. Happy holidays.
Same to you.
Hey, I wanted to get your thoughts on Texas Pacific Land Corp.
All right, this stock has been just a horse, but all it really is is just royalties off of oil.
We have liked it, but it's now going up so much, I've got to tell you, I want to hold off.
Let's go to Tim in Idaho. Tim.
Hey, booyah from beautiful Boise, Idaho.
Oh, it must be great there.
It is beautiful.
Hey, Jim, Under Armour. Kevin Plank's back.
Looks like they have a little bit of a turnaround going on.
Here's the way I look at it. I think it's a great spec.
We have to have a couple quarters that are good.
Remember, Nike just had a real hard time.
Hard to imagine everybody doing well if Nike's coming back with a vengeance.
So let's be careful, but it is a spec and a good one.
Marvin in California. Marvin.
Hi, Jim. A special booyah from Central California.
Excellent. I love them.
Perfect.
Grats to Dr. Kramer and happy National Elder Sutter Day.
I just wanted to thank you and your very hardworking staff for doing such a great job
and making the sacrifice it takes every day.
We do have unbelievable staff. Thank you so much.
We had a great party last night with the team. It was really fabulous.
Thank you.
So last week I took your suggestion and rang the register on some really high flyers
and I was able to pay off my student loans early.
So I want to thank you for that.
Oh, you're quite welcome.
So my stock has a very low price-to-earnings ratio.
Should I buy, sell, or hold Wells Fargo?
I like Wells Fargo right here. I think it's going to be a fantastic year in 2025.
I would be a buyer of Wells Fargo.
Let's go ahead to Kurt and Nevada. Kurt.
Booyah, Jim. It's Kurt from Vegas.
Long time viewer. First time caller.
I have a quick question.
I bought Carvana two years ago at $11 a share.
$11 a share. Well, I'll tell you, you're up a lot.
You take out double your cost, basically.
You take out $22, you'll have caught a double, and then let the rest run,
and I will feel terrific. I won't have to worry about you.
Let's go to Alex in Texas. Alex.
Jim, Kramer, how are you doing?
I am doing well today, Alex. How about you?
Good. I hope the Eagles win this weekend.
Oh, I hope so, too. We need to beat the Commanders.
I'm worried about them. We've got this guy Ben Stoddard on our staff.
He won't stop irritating me about how great the Commanders are.
Enough already. Let's put them in their place. How can I help?
So, I've been holding this thought for a very long time.
Since I was young, really young.
And I just want to know your thoughts on CSX Corporation.
Oh, I couldn't believe the CSX fell this low.
And by the way, I'm going to give you a twofer.
I think the Union Pacific is great right here, too.
These are all worried about tariffs. I'm not worried.
These are really good companies. You have to buy them when they're low.
Let's go to Terry in Florida. Terry.
Hi, Jim. I wanted to ask you about a stock that you recommended in July of 23 and I bought it 206.
And last month it reached an all-time high of 377, I believe it was.
And whether or not I should, it's been down ever since for the past month.
You know, Eaton is a buy-and-hold story.
They've really done incredible work to be able to revolutionize that portfolio.
They are pure winners at Eaton. Do not sell. Own.
And that leads us to the conclusion of the lightning round.
The lightning round is sponsored by Charles Schwab.
Coming up, have some traders on the street turned investing into gambling?
Kramer's revealing why he's calling for an end to the market's newfound addiction to short-term day trades.
Next.
Booyah, Jim. Your integrity makes you the Booyah Saint of Wall Street.
Booyah, Jimmy Cho.
Booyah, Jim.
Quadruple. That's a lot of booyahs.
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