 All right, it's Wednesday. We are on the floor of the New York Stock Exchange with Jim Kramer to talk about the markets All right, Jim, it happened Apple unveiling that $1,000 iPhone. What will it mean for the services revenue? Well, I've actually been trying to work on that and it's not easily defined But what I think when you hear a lot about augmented reality, you got to remember what happened last year with Pokemon Go and Recognize that what that's not one off Gaming's the most important force I know right now take a look at the stock of take to take a look at Activision Blizzard, which we own for action alert And I will talk about tomorrow when we have our monthly call and what you're seeing is people will pay up for games So if you have a device that's better for games, it matters If you have an ecosystem, I know a lot of people are saying that this isn't as good as Samsung Well, Samsung doesn't have an ecosystem or else we would all buy Samsung if it's really good and cheaper And it has to do with the seamless nature. I hope you guys I think Apple's so important and I know that a Sarge who's a Is just the best has a really good piece about Apple today And I hope it comes up in your trading stack strategy discussion at 12 o'clock because I think it's that big and that Important for the gross domestic product We're going to talk about that and also that OLED screen on the new iPhone the impact on universal display I mean, we've been you know, this is one of those where I've been so far so long behind universal display and a lot of that is because it happens to be very near My hometown and I've done a huge amount of work on it and that met a lot of people And I just think it's always been for real and there are a lot of people who are shorted And I just think it makes no kids Sense to short it, but I understand now everybody's kind of hearing about it So this is not the time to buy it a lot of people say on my Twitter files It's too late to buy it and I always say the same thing which is yes You have to wait it for another time and I got that way because Karen Kramer ran my trading desk when we were Kramer company would always say a man. Are you kidding me? I mean, are you kidding me now? And you're recommending it for 40 points and now people come in so the answer is Karen Kramer's right All right in the midst of all this Apple news micron technology was upgraded by Goldman Sachs Yes, see microns really important because what's happened is it looks like Western digital is not going to get the flash business If they had then it's possibly that they would blow out flash instead It looks like it's being bought by Bain with Apple They're not going to try to blow up flash just going to try to get flash at a let at a cheaper price So there could be two tiers of flash. That's good for micron prices for the DRAMs have not come down The reason why Western digital is down besides that is because now Western digital is flash Which is good for data center and also it's Distrive which is a really big business right now micron is described and DRAM and both of those I'm sorry micron is DRAM and flash flash is used in the data center and DRAM used in pretty much everything including Apple So the case for micron is that there's going to be another quarter Where it's not you know, this is a stock that historically when it's not going up after reported it was the peak This time it's taken out its high So it's not the peak and I think that the short scramble here now You don't own micron for action alerts plus but you do own broad come We own the higher value part of the food chain. We own NVIDIA, which is not just cryptocurrency Please I mean it's 10% of which some is China But you own NVIDIA because it's intellectual property and we own broad come because that is going to be the most Broad come has the most in the new Apple and I think that what happens if you go back and look at the broad come Conference call with Hawk tan the brilliant CEO He did not raise guidance as much as people thought and I think that's because he knew that Apple wasn't ready to ship In the quantities that a lot of people felt they would so broad come going down as a little dumb given the fact that that hot can If you read between the lines told you this would happen So as as bro come comes down and I can I will hit this very hard In our action alerts plus comm club call as bro come comes down. It's a buy not a sell Staying with Apple though. I mean did the event yesterday bolster your view that Apple is a consumer products company I mean bleach sells at 28 times earnings in this market and this sells at 16 times earnings I think that what people have to recognize about the phone is always the same It's a it's a consumer products company that is the best in the world that has the highest customer service rating And that's what determines it I think that there are a lot of technology people who would come back and say yes But it doesn't have the our machine learning artificial intelligence that we get out of companies that use NVIDIA chips That's not the point. It's not an enterprise product. It's consumer product So if it's a consumer product, you can't view it like it's going to be red hat or Vm Vmware Or service now or sales force for companies that I love stocks I love so it's not like I'm saying, you know, it's got to be one or the other It's a completely different animal and you're not comparing apples to apples But a lot of the technology analysts are in the apples to apples Comparison game, which is false. I I think that you have to be proctoring Gamble analyst a Newell, which has not been a good stock of late for us at actual orders plus want to talk about that too tomorrow's conference call, but These consumer products companies Trade on level of satisfaction and customer satisfaction and there's nothing like apples customer satisfaction Well, you rock your Apple watch every day. Are you gonna get the new one? I got a phone call it during my stop trading and it was really important. I looked down and I changed my game I also use all my reminders. I have it programmed so that when my wife calls I can answer very you know, I know that it's her which is what I need So I don't pull the phone out and be rude. I also use it my daughter has been sending me pictures from this Unbelievable trip. She's taking in Colorado and I look at them makes me smile But I also get to take medicine that I have to take for arthritis and smile And I just find it's terrific. I I didn't buy the last iteration I am gonna look at the next iteration and suggest very strongly that my wife buy it for me without it Maybe just have a picture of it next to her And Jim I couldn't wait to ask you this because Tim Cook was speaking at the Steve Jobs Theater Now you were at Apple Park when you interviewed Tim Cook. Yes. What was it like? Well, I mean it just we were in the pre in the old place and we've got to visit the new one the new one was kind of awe-inspiring, but this is important what people have to realize is that physical plan out there Whether it be Google, which is okay, whether it be Facebook where they're making dorms whether the Apple that it's about sustainability It's about small footprint and I you know, these are things that older people just mouth. So it's got small footprint The younger people who hate packaging who want to know about the environment and who's destroying it This determines where in many ways if you have six or a half dozen who you work with and the Apple Sustainability factor is going to help them get the right people and it could also encourage more people to Participate in this stay-at-home economy, which could help grubhub shares as you talked about grubhub. I mean look I I've had to succumb at bar say Miguel is a bar I run and I've had to succumb to the notion of of people coming by and of takeout Now obviously I don't want to do that because the food is freshest if you eat it there and also because it's a tavern and sell You sell liquor, but I've mentioned it as I have learned from my in The de Barry and I've learned from bar say Miguel. This is how you learn now I'm fortunate enough to done well enough in previous life as a head from manager be able to have these things But I have learned far more from bar say Miguel and far more from the de Barry in than I have from a lot of Wall Street research and the fact is is that I've had to cave to the grubhubs of the world Which is why I recommended it and his company spent on mad money, and it's a fabulous story Callan has a good report about it if you want to read you know flesh out the actual substantive story Moving on Nordstrom in close talks to become private I don't know why people are still reluctant to buy this the north's baby They don't know the Nordstrom brothers that honest is the day is long and unless the stories was story was not refuted I don't think you're gonna be able to I think you can get this at a higher price now One of the things that that we hear about is that you need to be private to be able to take on Amazon No, you just you need to be a visionary you got to bring in lots of different companies You got to bring in Salesforce. You got to bring in New Relic You got to bring in VM where you got to bring in red hat. You have to bring in Google web services You have to bring in Microsoft as you're there's a lot of different companies that you have to bring in that just to be able to just get the basics And I think that that's all has to happen Nordstrom's pretty far along but not far enough now Jim there was so much news yesterday people may have missed the caterpillar analyst meeting Yeah, and caterpillar is a remarkable company in that it's 60 people worried about its survival At 120 people recognize that it's playing offense. It is slimmed down unbelievably It does have because the dollar the you know cost advantage that it's never had over that Well, it's been a long time since it had it over Kamatsu We do have giant infrastructure projects in this country because of storms Where they have to rebuild the rebuilding of roads is done by Florida and by Texas to rich states the Chinese economies come back I know that my friend Matt Horween was telling me don't forget coppers now down down getting getting hard But I'll come back and say aluminum is going back on there are so many drivers for caterpillar in the Essence of the of the analyst day was okay. Here's how we're going to play offense It's been a long time since cats been able to say that All right, Jim and as we wrap up here you mentioned Salesforce earlier But we have one earnings report to watch on Thursday Oracle. I think we're just gonna have a remarkable quarter Oracle Larry Ellison a mark her Software cats you just got a hand it to them. They never stopped They've got a one-premises model, but they've got a cloud model and the stock is very inexpensive And I had us off to them and I was with my friend Tom Siebel yesterday Siebel systems great company and we were talking about how County out Larry and County at Oracle has been a time-honored and Incorrect view and it will be incorrect again. Jim Kramer. Thank you so much. We'll leave it there We hope everyone joins in on our trading strategies round table our conference call tomorrow for club members actually alerts There's gonna be some really good ideas tomorrow at 11 30 that a ap called Jim. Thank you