 Hey, good morning. It's Tuesday. We are on the floor of the New York Stock Exchange with Jim Kramer to talk about the markets and Jim The Dow closing in on 22,000 President Trump weighing in on Twitter. Yes, just we don't pay enough attention to it I hope on your roundtable. That's that's 11 that you go around and say are people not paying enough attention to it And why because I know the president thinks that the mainstream media I guess of which were part of I did not Has not addressed it well enough since I talk about it every day I find well, maybe I'm not mainstream. Maybe I'm somewhere else, but look, I happen to think that We're a little extended. I said that yesterday and in my action alerts bulletins But why I say a little standard because we tend to get money to come in in August at the beginning But near the end of the month has often been very hard So we just want to go cash need to cash and Jim in terms of what's driving the Dow You actually say Boeing is the new thing. Well, but yeah Off-handedly but Boeing the analysts were very against both the analysts There were very few analysts who believed in Boeing believed in the cash flow believed in the 737 believed in the Dreamliner and they were proven wrong and The order book there's a 10-year order book and I really think that people have to recognize that Boeing is the industrial engine of our country Just I'm like Caterpill very much but Boeing is when you think about industrial might that's what we are in this Aerospace GE and I technologies could read through too, but she's got other problems. You know, I technologies doesn't Honey, well very good too. Yes, let's talk about some earnings. We had Pfizer reporting. Yeah, you know Pfizer's a bond It's just a bond. I don't see any needle movers you every time I see the Pfizer quarter I recognize why they needed to do the Allergan deal which we own for action alerts I do think Pfizer was smart. It spun off animal health. That's hurt Lily We love Lily, but then again, they didn't get a very good price I I'm confused by Pfizer and why they haven't done more breakthrough work. I really am Generics were a rough spot for Pfizer too. Yeah, and I just don't get I don't get why Pfizer is It has said it had such abilities to be able to really shake things up and do great things They have not distinguished themselves. Why do we like Lily? Lily's got a kid an oncology pipeline Louise got a bunch of drugs that I think would be very big and they were turned down on a very important Rheumatoid arthritis drug that is selling like mad in Japan and also Europe So I think the FDA should relook their negative about RA Because Americans deserve that drug Jim. Let's move on to retail We know you've been concerned for quite some time under armor reporting earnings and job cuts under armors This is what has to happen to get a bottom. I mean, you don't just you don't just create a bottom by starting to Turn up you you have to crater things not unlike Nike two quarters ago, which really cratered things So I am I'm not a fan of under armor as much. I really like Nike. I think Nike's back and it's important It's interesting. I like Nike pvh Columbia Sportswear and Vf all companies. I like okay I buy recommend their stocks have all been flying here and that's because in many ways the suppliers have done quite well So keep in mind that the suppliers doing well now the brick-and-mortar places have been moving quietly off I have a piece of real money about that. The people should read that Amazon brick-and-mortar But for under armor. I mean it's Steph Curry. Is that enough to move the needle? I guess not no under armor still Look, they've spent a lot of money getting endorsements They've spent a lot of although Steph would say hey listen, I like this brand whatever Look it takes some time They they didn't understand that Adidas was going to come in and the effect of impact of Adidas nor did Nike by the way They didn't understand the shift in what kind of clothes people wanted You know a little bit less performance a little more style And they were too bullish on themselves and this was a humbling Statement that they put out and I happen to like Kevin Plank very much, but Humility had not been a strong suit for a while. It sure is today All right now the sneaker business not looking so great a foot locker which had its price target lower to credit Yeah, you know foot lockers are really really good company. So when I looked at that I said Is that going to be a bottom and foot locker but foot lockers in the mall? I keep thinking about that Starbucks T Ivana and how the mall just even you know, they were thinking about having stores that would still stay open They didn't the malls a graveyard But you know what it's a graveyard that still makes a lot of money if you look at Simon Properties numbers Yes, which were extraordinarily good. It's mall to mall You have to understand that there's a lot of malls and shopping centers where people companies are desperate to get in But those are companies that tend to have something it can't be Amazon If you take a look at the most recent shopping centers that Federality has almost only about eight percent out of a hundred percent are what we would regard as being Amazonable stores and enterprises All right shifting gears now snap won't be allowed into the SMB 500 But that seems to be the least of their problem Well, you know snap is there people who really think an intro sort and good friend of mine was saying well You really want that pool of capital to come into your name? I come back and say I have been with many execs who wish they were not their companies were not part of the S&P Because then their stocks are dragged down even if they're doing great things by cell programs. So overrated as an issue Do you think we're seeing a backlash against companies with multi-class shares? Well, this is backlash. Yeah, yeah Let's also talk about your mad dash segment. You talked about micron technology Yeah, look micron it reported a couple quarters that were really blow out the stock didn't go up That is typically the beginning of What is a rollover because it's a boom bus stock? I've been waiting for some analysts to break ranks and say sell micron. I mean Seagate Had a terrible quarter. That's disk drives micron is DRAMs and flash Western Digital had a did not raise guidance. That was disk drives their disk drives and their flash Glam research has said don't worry. There's not too many capitals Semiconductor capital capital equipment orders that would make you feel that there's that there's about to be an inventory glut The stock is saying otherwise the stock is saying there is a glut and the DRAM prices went up too much It's really hard to figure out But that stocks got to go back over 31 or else I think people someone's going to break ranks and say this part of the cycle is now over It's no longer equilibrium. There's too many DRAMs in the system. If that happens the micron breaks to 20 very quickly Are staying with this space NXP semiconductors and actualers holding they report tomorrow. Yeah, now NXPI is a takeover stock They're being bought by Qualcomm Qualcomm by the way very interesting Option trade I would say the 45s and maybe the 55s Out two months if they can beat Apple. I don't know if they can Qualcomm desperately needs NXPI But NXPI is at over a hundred and ten that deals not about to close Normally the time value of money would indicate that that stocks should be down two bucks from where it is That to me is a sign that people are not going to tender to the takeover Because and we're not recommending people tender at action alerts Why because if you look at where Skyworks is and you look at where a Vago is you look at where it which now Broadcom look where Nvidia is you look at where Corvo is you can make a very strong case very strong case that NXPI Should be up another ten dollars and it's not worth tendering to that 110 Offer that Qualcomm's giving you Qualcomm needs NXPI. That's a lot of auto near-field communications internet of things They need the diversification away from even though they've got some away from cell phones We'll look for your action alerts bulletins another stock. We're watching square. What are you expecting from Sarah Fryer? I like square the issue with squares. It's run so so much We at Bar St. Miguel, we like their caviar product We've not adopted their a registered product because the registered product is really designed for companies that need cash Because square can look at your receipts and advance that money We decided we did an analysis and just felt that it wasn't worth our while But if you're a small business that has cash flow, you're always trying to worry about your cash flow Then I think that they make a really good product the stock was undervalued when it came public a lot of people Didn't like what's so-called dorsi taint taint because he was running both companies But square is a good handy product for small medium-sized businesses that are cash constrained All right, and then finally the ultimate e-sports stock take two interactive. Well take two They are not the ultimate e-sports stock. That's Activision Blizzard. They want to be an e-sports stock by using NBA 2k we'll find out about that but e-sports is over Is overwatching course League of Legends? I think take two would like to be more of an e-sports story It's going to be red dead redemption. How we doing in terms of the time of that Mafia the mafia series, which I like very much, but it's not a consequential quarter now because the company So diversified and grant that thought I was all these iterations a non consequential quarter has still been good for take two So I think that I'm not that worried about the quarter But it's not why you own the stock and we have been taking a very hard look at Activision Blizzard For actionlers plus calm because we think it is cheap, but we'd like it to go lower So that's where you are do not forget on this on your round table I would love to hear whether the youth whether the people on the table, and I know I hope they don't default saying listen I'm a gold guy. I'm a bond guy. So listen me. I'm a structured credit guy because that would be unfair Does the president is the president's brief right against the mainstream media that we don't talk about Dow 22,000 enough I spend Every night of my life talking about how the markets good and doing well even last night addressing why I'm still Constructive up here. I think that perhaps the mainstream media either. We're not mainstream media here What we do with the street or CNBC, but the presidents are tuned into may have money Which he's been on and recognize that every night when we do these highs We talk very positively about wealth creation and what it means. Well, you do some fantastic work. So we're grateful Thank you very much Jim Kramer. Thank you so much and yes Please check out our round table coming up at 11 a.m. Eastern and for more of the stocks to mention Please head back to the street comm