 All right, good morning everyone. It is Friday. Go Eagles. We're on the floor of the New York Stock Exchange. Great pictures. Jim Kramer is here. Jim, let's start with the banks, of course Bank of America. It doesn't matter right now what they're reporting. People decided to sell the banks. Bank of America was absolutely perfect. It had just this consistent great growth. City had one line that was wrong credit card. Losses a little elevated, but they make a lot of money on credit cards. JP Morgan was pristine. Nobody seemed to care. Well, it's not that good. Not a lot of growth. You know, they're paying the price, I think. But this is a group that people don't want and what they want is fang. They don't want health care because they're all trying to figure out the executive order. Now, Obama kept those subsidies alive with executive order. So Trump takes them away with executive order. So UNH down really badly, sent team one of my favorite companies trying to figure out what to do with it. So you've got health care on the run and you've got banks, people fleeing, and they're reverting to fang and that's not what I like. So we got to see if the banks can get some footing, but they don't have it yet. Well, and we'll go on to fang in a moment, but as you write a real money, you know, you shouldn't necessarily go crazy if the banks sell off even when they had a good quarter. I think that the banks have run a lot. I think that there's a sense that this is the peak. Now, in four rate hikes, Bank of America gets three billion dollars more than it's currently making. I don't know any company that can tack on three billion dollars in profit just because of some entity raising rates. There were no loan losses to speak of of any size in Bank of America. It is a bank that has done so much digitizing. The technology is fantastic. But the stock ran for 25. So people say, I'll ring the register. You want to circle back to these, not yet. And a piece I wrote was basically about don't take your cue from the sellers. Go to the work. If you do the work, you'll know that these banks had really terrific quarters. And I've spoken to CEOs of every single one I feel very good about. When I do circle back to these banks, if I'm going to buy B of A or W of C on a yields curve play, wouldn't I want B of A just because they don't have this scandal in the background? Well, B of A is the nation's bank now and the deposit base is huge. And they're the biggest winner when it comes to raising rates. We like Citi because Citi is just trading a little bit above tangible book value and the company's returning more capital than any other bank. Citi, if you don't own it yet for action alerts, you're going to want to buy it on Tuesday. Why Tuesday? Because when you see the selling like this at this level of selling, what you really need to know is that means that there's a gigantic amount to sell. And when there's a gigantic amount, what you have to do is you have to wait till the selling's over. I don't ever let people come in and buy falling knives. You mentioned FANG earlier. It's interesting, Alphabet, Amazon back above $1,000 a share, even with all this negative publicity around FANG. Look, these are companies that are where you buy something. So it's the point of sale. Increasingly, the point of sale is really the only place you can reach the consumer, particularly the millennial and the Gen X, because they don't go to the store like people my age. And I think that what you're recognizing is the advertisers, Ben Hodor, as far ahead of everybody, the Clorox advertiser, putting 45% of his stuff on the web. Now, what happens is you're trying to inspire brand loyalty, but it's really hard to instill brand loyalty unless you talk about sustainability. That's why Unilever, by the way, has such brand loyalty, because Paul Poman said committed to it. But what's happened is, is that the store is no longer the point of sale, the web is. And that's why these stocks are going hard. So when I see these negative headlines about Amazon and Facebook and Congress, just that's. I mean, if they were passed legislation that hurt the earnings per share, then I would be concerned. I don't see anything hurting the earnings per share. When the Justice Department went over after Microsoft, it was clearly going to hurt the earnings per share. These kinds of investigations will not do that. All right, staying with FANG, Netflix getting a price target raise at Goldman and JPMorgan. Yeah, everybody's raising it because they have to. I mean, this is one of those things where their principal revenue source is your monthly payment. And I think, you know, there's something going on here. I'm just going to I'm just going to give you the dichotomy. Your cable bill is really high and your Netflix bill is really low. And if you're strapped for capital and you're just starting a house, just starting a household, the cable bill is too high and the Netflix bill is reasonable. So you may not attach the cable. And that's what is really hurting people at the cable companies. That Netflix, which has quality programming, and if you don't need sports program at that minute, although here, you know, we get lots of sports program here, then what you do is say, listen, I'm not going to hire, you know, hook up cable. I'll pay ten bucks for Netflix and I'll get the entertainment that I need. And I'll get my I'll download my video games. And so a person who's frugal has alternatives. And I think that this is a revolution that's current that people want to watch original programming that is very not responsible because it is so violent or because it is so obscene or because of the strong language. And that's what people respect and want. And I think that they've turned on traditional programming other than if they want to watch it on Hulu. So it is just a major secular change, which is that Netflix is a lot cheaper than your cable bill. Well, I'm glad you mentioned the cable companies. AT&T shares getting slammed. Well, that was right. I mean, they lost a lot of viewers and they're viewing it, losing the viewers to Netflix. So you see ATT down and Netflix up and that makes perfect sense. Now, AT&T has a good yield. I mean, what's your view of all these legacy media stocks? I mean, I think that ATT is doing everything it can. But the reason why you would buy it is for the yield. I always like to have a little bit more when it comes to buying a stock. OK, meanwhile, NVIDIA shares getting that price target raise. That won't go up. I mean, you know, NVIDIA's got giant sellers here. And I actually want all these jokers shaking out. I mean, the piece, the Needham upgrade, the Needham target bump from 250 was very cogent. It wasn't about Bitcoin, it was about data centers and how good the data center business is. And that's true because they pulled up with Jensen Wong, who is the genius who runs the company. And NVIDIA is about autonomous cars. It's about data center. It's about machine learning. And it's also about learning itself, how to learn how to code, how to do things. And nobody else has anything like it. No one has anything like it for gaming. So, but the company's just got a hundred billion dollar market cap. So there's always going to be churning. And if you notice the stock can't get through this level. It had the same problem at 180 and it had at 170. It has to churn and churn. So the traders in you should sell it and you'll be able to buy it back lower and then you'll catch it again. And actually, as you guys bought it at what, 160? We bought it well. You know, we did, you know, we bought Fang, right? Yeah, it's a great holding for you guys. I mean, look, the club has had some good ones and some bad ones. I always like to mention the bad ones. You know, I had GE, I objected that was wrong. I think Flannery's going to fix it. But he hasn't yet. Nule, we were able to sell some high. But Nule also was cratered by the storms and resin prices. And then Apache may be one of the worst stocks I've ever bought. So I think I got to keep that front and center because that's where you learn. And I say these things not to it's very easy to say, OK, well, Kramer's an idiot. He bought Apache. I don't really care what you think. I don't play for dinner. I'm at the stage where I want to say, here's what I did wrong in Apache. I believe the hype. I forgot to figure out where the natural gas could be put because I thought there was pipe and there's a lot of natural gas that have incredible proportions. All these things matter to being wrong on Apache. And that's how we learn, Jim. Yes. Meanwhile, Barclay is downgrading Ford. Ford chair is getting hit. Yeah, look, I mean, that piece is about Mary Barb and GM being well ahead of Ford. I visited Ford's really what I thought was state of the art autonomous driving vehicle, I guess it was well behind GM. I still think that Waymo is the best by Alphabet. But Alphabet doesn't want to talk about it. I got to drive one. And GM is about the pieces about how maybe it should get as much credit as Tesla. Now, GM has been re-rated. It was in the thirties forever, now it's in the forties. Analysts now getting behind it are going to have to deal with the ennui of buying a stock that's up this much. And you like GM versus Ford? Yes, definitely. GM's got GM's very expensive stock. OK, meanwhile, Jim will end with shares of PG&E getting hit from those California fires. You know, I mean, whenever you see that you got to have your records preserved, it scares people. Obviously, if they're really involved at fault in some of these fires, the Public Utility Commission can take action against them. But I don't think the Public Utility Commission is going to take away dividend or something like that. But but the stock is under a lot of pressure because we don't know where it's going to lead. All right, we'll watch that one. And Jim, of course, we're coming off of that Eagles win last night, heading into a good weekend. Yeah, I mean, you know, the Eagles, my hat's so off to Defletcher Cox, who was such a nice man, number 91, who came back. He's a beast. They had a double and triple teaming him, so that let Vinny Curry come in. There was a remark. Wences, it's third wence. I mean, you know, third down, he's best in the league. The defense did not let any runs up. McCaffrey is very, McCaffrey is really good. So he was able to put some points on the board. But but I do feel that who's real? OK, so let's go. Green Bay's real. They're absolutely real. Obviously, Kent City's real. And I think they're going to come out and I think Kent City's going to win the Super Bowl and deservedly so by Andy Reed. I know, you know, I know the the Eagles are real. And then, you know what, we're, you know, are the Falcons real? Not sure. The other guys are just Jags. I mean, we don't know. But there's I mean, I in fantasy, I picked up the Baltimore defense for the Slumped Dickel League because they're playing against the Bears. I mean, there's Bears are so bad. The Vikings are bad. Cleveland's bad. San Francisco's bad. So you got a bad product. You know, the product's got too many bad teams that I just named. I named one. I can name another five teams that are just bad to watch. But the Eagles are not one of them. Slumped Dickel. Slumped Dickel League. Jim Kramer, have a great weekend. Thank you so much for more information on the stocks. Jim, just mentioned, please head to thestreet.com.