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all right good Tuesday morning everyone Happy New Year we a our Jim it's a new year we had an incredible run in stocks last year remember as Bob Lang we tweeted you don't necessarily preclude a debt and up year after a big up here actually the data show the other way but I think I want to put everyone to read Ken Fisher's column today he's one of my favs and a friend in USA Today talking about how Europe could be better than us now obviously the dollar is very weak so that's going to affect a lot of the Europeans manufacturers but I like that call they had PMI up at 60 and that could mean the raising of rates which is going to be very good for the banks so a Europe may be better than the US this year but the US could be strong and I like the idea that the average has been after big rally 12 up 12% the next year I think that's certainly doable I do worry I don't want to see too much euphoria I don't want to see too many secondaries although I think if somebody's company should do them the secondary's I don't want to see her from are from Nasdaq but you know what if we can get tech going and tech is the one that really kept us down the fourth quarter but was great all year then we would see another big rally Fang off to a strong start today which is important because that crews been kept down by I think profit-taking and if that can stay strong we might have a good day speaking of tech stocks Apple is now offering those batteries now and I think that this was one of those things where Apple is a consumer product company and if Gillette put out razors and somehow their batteries burned out then gen2 let would have instantly give you a new razor Apple if you're worried about your battery instantly you get a new battery that's what a great consumer products company does and that's what Apple is unfortunately it's always covered by tech people who simply just keeps making surveys they tell you to sell sell sell and just I've never seen a survey it was they never said buy buy buy every surveys negative how's the stock done during mr.
survey and the answer is mm-hmm definitely I'd say non correlative with the endless sell sell sell surveys and that's one of the reasons why you say you should own Apple not trade it right I mean I saw there was a $20 target from Piper but don't worry in the next few weeks you'll see a lot of damn grades but you'll see a lot because people love to do that they love to make a name by downgrading Apple I think they should be more thoughtful and actually analyzed the world and what it means for the 8 into 10 in 2018 and Netflix was upgraded by McCrery I mean where have they been well I mean the problem with that is they're talking about how it's they favor a sub model versus ad well I think that's one of the reasons why the stock has moved so much I've been talking about them company to company being miles I've hit everybody else well I think that's well known the only thing that I thought was interesting was that they do say that they're not gonna break the bank making original content and that's very important cuz that's been the bear case free cash flow maybe just okay the calls probably right yeah and it also said that Netflix has changed the way people watch TV I think we knew that the Abbott Labs we own Abbott Labs for for the chapel trust excellence plus and two people upgraded it today I mean like we bought it in the forties and the upgrade it down well the answer is they're just beginning to recognize that st.
Jude is gonna help this year that alyre is not going to be that bad so what they're doing and this is going to happen for a lot of companies the next five days they're literally saying 2018 is gonna be better than you think organic growth in the case of Abbott going done going to 5.56 everyone will want to want a Pathan that because that will be one of the great organic growth stories for a 20-18 if that's the case and Jim for the new year marijuana recreational marijuana yeah I mean look I think that Oregon's showed you what or what it mean oregan allows you to do three plans hydroponically and the sales were really fabulous eleven percent of Scott's Miracle Grow is is Mary's hydroponic which is often thought to be marijuana because you can grow it inside we know that we've seen statistics four states that have it recreational which show that there's tremendous demand and I know that a lot of people want to play marijuana stocks I still insisted the best do discuss alright Jim Cramer we'll leave it there there are many more stocks to talk about behind Action Alerts plus calm just make one more point on this is what you're gonna see all year you're gonna see comments like the Disney upgrade today Disney upgrade is based on the fact that you should start thinking about the movies not about ESPN in the first five days there is always a level of optimism that is just like that it has been this way and I remember because in the 80s I used to go with my kid and well 90s but also I in the early 90s I went with my kids to Disney World every single year and I always remember this period because you would get upgrade after upgrade after upgrade it's always going to be a sense that this year is going to be the great year so be aware you get five days of really unbelievable appositives none of which are really revelatory but they can tend to work and maybe investors stop obsessing over ESPN yeah I mean I think the DSP and one of the things that has really hurt that stock is cord cutting but now they're you know if you believe in Fox you got an international where a cable is not that you got India where cables certainly not a big deal yet and you know this we got a recognize that if a movie can make a billion dollars one billions on it that's just a horrible business and I think that people are going to recognize that the movie business with Toy Story 4 with another Star Wars with Mary Poppins which is I think it's going to be a billion dollar movie these are things that people have to start thinking about and if you put those two together you do want to own Disney through this slog until the Fox deal closes and I think the Fox deal will work hey by the way president tweeting a lot of stuff what let's remember president means deregulation help soils helps banks banks first out of chute the the will see a lower tax rate we'll hear some tremendous things about growth Lenoir today upgraded because there's so too few home builders remember Horton and Polti where the two stocks to home builders there were two of the best stocks of the top ten in the SP that would be a piece coming in real money so I really just want to urge that people recognize there's a lot of buoyancy buoyancy that happens it's beginning here and I don't like it because there won't be next week well it's amazing the home builders did so well given the rising rate environment I know in this unbelievable that that Polti and Horton could be so strong the textbooks say you should be selling those stocks I think the shorts are always looking for something to do and what they did was they went up against these stocks and the commodity place whose China look muted but take a look at Freeport it's up at 18 take a look at the home builders they're incredibly strong so the the actual book about what's supposed to happen here for hedge fund managers isn't working and let's watch Facebook Amazon Netflix and Google woods alphabet they all had a really tempted last few weeks if they can rally then the Nasdaq which was the best performer can have another leg in the first quarter all right Jim we're gonna continue the conversation but everyone has to go to Action Alerts plus calm to watch there's a lot of stuff a lot of stuff going to it so much stuff yep thank you we'll see you there
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