Meet Kevin's MadMoney: The Market Crash [Replacing Jim Cramer]

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now hey i'm kevin welcome to mad money

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market started off hot today

it didn't sell back down as weenie baby

fund managers rotated back into

undervalued and severely depressed tech

stocks

the rotation to cyclical and recovery

stocks came to an end

the dow flat just up 30 points today

less than one tenth of one percent

the s p 500 advancing 54 points and the

nasdaq

up 1.14 today a lot more optimism today

as the market is beginning to see a

reopening play

broadening to and expanding to the

entire market

that is the entire economy should

perform well and perhaps will be going

into

a roaring 20s so why bet against this

market

the bond market also stabilized

substantially today with a massive bond

auction today

going a lot smoother than expected

leading yields

to decline in addition we have a massive

bond auction tomorrow

but people are hopeful that we are going

to see the same stability tomorrow that

we saw

today on top of that gamestop gme ran

26.94 today which lately

only seems to be going up tesla nano

dimension microvision sundial neo are

all up 16 to 19

on a day with spax back with churchill

capital up 10.74 percent

chargepoint up 10.9 percent canoe up

over nine percent matterport up over 8.7

and cannabis making a return as well all

sectors that have had a bloody

sell-off since february 19th and no one

seems to know

sell-off more than kathy wood chief

investment officer at arc invest

yesterday kathy wood topped off her

worst

sell-offs in over a year since the

pandemics crash

leading benny to count kathy wood out of

this race

but what did she do she doubled down she

said now we don't think our stocks will

2x we think they will 3x

and today arc invest vons had one of

their best days in over a year

especially as tesla roared back over

19.6

just today but is this buy time and now

to help us make sense of all this in

this crazy market today let's bring in

jeremy from financial education

one two and three jeremy tell us

what the heck is going on out there in

this world today welcome aboard

what are you doing today you buying you

selling well i'm just watching the

market it's going up and down but it's

mostly going up and i'm thinking to

myself oh my gosh i need to go all in

like

right away but no i i took the day off

from buying

i said everybody else in the world seems

to be buying stocks today so i'll take

the day off man

take the day off that's amazing i love

that it's so green it's like

you you know just turn everything off

and go for a walk have you

been buying over the last few weeks and

the madness here

what have you been buying and what do

you expect going forward do you think

we're gonna have

you know when inflation data comes out

tomorrow some big problems we got

another bond auction tomorrow what's

your take

yeah i have been buying and i've been

buying a lot for the past few weeks uh

corsair gaming

crs are been buying that one a lot

tattooed chef who reports earnings

tomorrow after the bell ttcf been buying

that one heavy

gg ttf which you did a phenomenal

interview of the ceo by the way

you did i mean oh my gosh you said you

weren't as educated on the industry but

based upon

how well you did that interview i

thought you were an expert on the jack

jackson industry but

yeah everybody needs to check out that

video and uh yeah i've been buying a

little facebook lately

and a few other stocks but i mean this

market you know

i don't know i do have a little trust

issues with it that's why i think i took

the day off with buying because

you know you see it make this massive

move up i think it was up over four

percent today and it's like

just out of nowhere just boom skyrockets

man that's crazy but uh yeah so uh yeah

i have been buying a lot last few weeks

though

so you're thinking there's a good chance

this thing could come right back down as

fast as it went up

it's a possibility and i am kind of

bracing for that just in case it does

and that's why i wasn't rushing out to

buy any stocks today i mean look at the

move

tesla was up almost 20 percent all these

smokers ain't no joke it's like oh my

gosh man

you gotta be flipping my flapjacks some

of these moves today were parabolic i

mean

i was looking at stocks eight ten twelve

percent today i'm like oh my gosh so

yeah today was a day i said you know

let's see how real this

this comeback is let's see what happens

over the next few days

how do you think the market's going to

respond to inflation inflation

uh man i don't know one side of me says

that

should go up that side of me says uh

there's some worries and maybe interest

rates go up

and then that brings down valuations

more and some of these high-flying

stocks that we saw today

maybe they come down a bit so i'm a

little divided man but right now

you know when i see a day like today i

say let's be a little more cautious

and let's chill back a little bit uh so

that's what i was doing today man

awesome advice from jeremy over at

financial education thank you so much

for coming on

and we'll see you later on millennial

money hey absolutely thank you kevin

you're the man thank you

so jeremy's recommending caution and

he's not wrong it's very common for

stocks to sell off three to four percent

after big gains like we've seen today

but let's listen in to see what graham

stefan has to say graham what's your

take on the market today

are you buying this crazy run-up we've

got today of course

couldn't not how can you waste this

opportunity so throughout the last week

i've been buying in it's been painful to

throw your money in the market and then

see the next day be like

ah darn could have just waited one day

and then gotten an extra few percent but

i've been buying in consistently

whether the market's up or down and

throughout the last few days today has

been fantastic in terms of making

all my money back that i've been putting

in the last few days

that's awesome so definitely happy then

that you bought the dip

are you worried though that tomorrow i

mean we got another bond auction we got

maybe

inflation data coming out are you

worried that this thing's gonna crash

back down to lower lows

honestly i couldn't care less that's the

honest answer

i really it really doesn't matter to me

it's nice i gotta say to look at your

portfolio and be like yes i made the

right

choice it's up four percent today it's

awesome

but honestly i mean it really doesn't

matter either way i've been listening to

your videos too and of course just

you shift your mindset around you're

getting something at a discount and

you're de-risking i've never heard of it

said that way before

but makes sense i like it awesome so

you're buying this and you're picking up

these lower prices what are you buying

something specific right now are you

picking up

are you picking up the tesla attendees

or you're going into uh the arks

oh man tesla has been uh very tempting

to want to buy and i have not

increased my tesla allocation right now

i think that makes up like six

to you it's nothing to me it's like i

think it makes it like six percent of my

stock portfolios like tesla which is on

the high side of things

so i've been buying uh more en phase

more uh s p 500 uh

i bought some etsy so i bought more neo

more uh

tattooed chef uh apple

at i think 117 what else what else did i

buy

yeah so neo i bought a lot in the in the

low 30s i figured low 30s i mean

where's the risk in that and then i

bought actually a little amazon

when it was around like the 2950 range

because i figured

below three it's like you can't go wrong

with amazon long term

but the bulk of that was really in uh s

p 500

oh and then uh ai at uh

70s nice nice so you're picking up on

the deals you have been over the last

couple weeks so in other words for you

if the market dips tomorrow it's just

better for you

right that's awesome

yeah thank you so much for coming on

we'll see you again next time

can't wait now

it is time for the

lightning round we have multiple stocks

on the list today and we are going to

start with square

squares acquisition of title the music

streaming platform put square

in the driver's seat of potentially

selling song rights

via nfts or non-fungible tokens a space

that is

absolutely exploding you have to be

bullish

on this one because nfts could be a big

disruptive force in the fintech space

and square

might be at the helm therefore at a

price of 225 dollars and 69 cents a

stock to me

this is a buy and then of course

we have xl fleets xl fleets

is down over 70 percent

getting absolutely slaughtered

from its highs of over 30 dollars to a

current price of 11.64

as a speculator i am interested in the

stock for a potential rebound

but i have to say as an investor this

one for me is a big

set i am not bullish

next up we have gamestop oh man gamestop

gamestop is one that was all aboard

at 40 but at 247 dollars

it might be time to ring the bell take

some profits on this one and i know that

sounds like a paper hander

but folks you do not want to be on the

front lines of this one

when the time comes for the firing

now folks the next stock we need to talk

about is shift technologies shift

technologies

absolutely crushed expectations making

me

very bullish on this stock with a

valuation substantially lower than

carvana's

not only as a multiple of revenues but

in terms of its potential

growth with profit per car going up and

in-house reconditioning

booming this company is ready to explode

as soon as the

wall street weenie babies

actually realize this is a great company

in a company to be nothing but

[ __ ] this particular stock sft

is a triple bye-bye this company's

revenues have skyrocketed as advertising

expenses increased at a substantially

slower pace

implying much stronger organic growth

and folks

this is the end of the

lightning round and it is also the

end of this episode of mad money by me

kevin

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