As the president’s chief economic advisor and director of the National Economic Council, will Larry Kudro benefit your portfolio?
Jim Kramer told his audience of crazy money on Wednesday that his previous co-host of "Kudlow & Cramer" was exactly what the White House needed.
Cramer first said that Kudlow is to promote growth, which means higher profits and higher stock prices. Growth is a magical elixir that can solve other diseases. This is what Kudler will fight for in the White House.
Cramer pointed out that Kudroh is also an outstanding speaker. He is good at giving speeches to the media and makes his point clearly visible.
This does not mean that Kudro will reach an agreement with President Trump on all issues. He has always been very optimistic about trade and anti-tariff. But above all, Kramer said that Kudro knows how to compromise and will fight for something for our country.
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Executive Decision: PayPal
For his "administrative decision" section, Cramer sat down with Dan Schulman, president and chief executive officer of PayPal Holdings Inc. (PYPL - Acquiring Report). The company's share price rose by 3.8% today and it has risen 13% this year.
Shulman said that the world is shifting from cash to digital payment systems. That's why PayPal now has 227 million users worldwide, an increase of only 30 million during the quarter.
Shulman said that digital payments are particularly important in emerging markets such as China and India, because these countries are skipping checks and credit cards and transferring directly from cash to mobile phones. Digital payments are not only more effective than alternatives, they are also much less corrupt.
Many people think that PayPal is a North American company, but Schulman explained that 65% of their members are not in the United States, and 50% of their income comes from outside the United States. Although only 5% of all small businesses in China export their goods, nearly 80% of Paypal's members do so.
When asked about millennials in particular, Shulman said Millennials have different views of the world, and as older consumers pull out credit cards, they just share the cost of Venmo's meals at home.
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Akamai's new life
Cramer told the audience that the only thing that was better than a good turnaround story was a turning point. It also had an active investor behind him because he highlighted an Akamai legacy stock (AKAM - Get Report).
Akamai was once the king of cloud content delivery, and it is a smooth, secure video streaming company. But the company fell out of favor in 2015 and 2016, as more and more content providers chose to scale down their Akamai streaming media to support their own networks. This allowed Akamai's performance to increase from 24% in 2014 to a median of two years later.
But then in December, Elliott Management, an active investor, took a seat in Akamai and the company has begun to turn to itself, cutting costs and simplifying operations. This is why the stock price rose 64% from its August low. If the company is successful, this is a victory for investors. If it fails, Elliott may promote the sale of the company and it is also an investor's victory.
Turn off tape: SoFi
In the “Off the Tape” segment, Cramer sits with Anthony Noto, CEO of the new-generation privately held SoFi.
Noto explained that SoFi is completely changing the financial situation to help people achieve financial independence in an unprecedented way. He said that people are passionate about the SoFi brand and have helped the company become a great year with a total loan of 12.9 billion U.S. dollars.
Noto said that culture is a key factor for success. SoFi's culture includes having the best product selection, unmatched convenience and fastest approval possibilities, all of which strengthen the company's unique data and indicators and can be good. The borrower is separated from the bad debts.
SoFi's membership base will be the key to the future, and Noto added that SoFi can become a trusted partner as members step down the financial path.
Lightning round
During the Lightning Round, Cramer is optimistic about Lilly (LLY - Acquire Report), Abbott Laboratories (ABT - Acquire Report), Phillips 66 (PSX - Acquire Report), Five Below (Five Acquires Report) and Cintas (Get Report) Report ).
Kramer takes a look at Merck (MRK - Get Report).
No clutter attacks
In his “Shameless Offense” episode, Cramer conveyed his sincere gratitude to his audience and fans, on the 13th anniversary of “Mad Money”.
Crazy money has always been about one thing: helping ordinary people become better investors. At first, the idea of a solo show for stocks seemed a bit crazy, but the show had experienced economic expansion, a terrible downturn, and even returned to the bull market. Cramer said that this is to thank you, which is why he will come out every night to keep you in the game.
Cramer concludes that ordinary people need to manage their own money. Don't let the critics tell you!
