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Jim Cramer here to share a short preview of my take on the market.
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From today's members only CMBC investing club morning meeting.
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That's one word morning take.
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The president's got his eye on what we're looking at, okay?
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And he has his eye, of course, on the knees.
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What matters to me is is that he does not like to see this market go down.
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Remember, that's what he always said about sleepy Joe Biden.
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No, I don't like to make fun of him, but this is an inflationary environment.
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And that's what he has always criticized Biden on.
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He's not criticizing Biden on the right things.
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Biden really was against the big LNG products projects and slow walk the okays.
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He should be mentioning that.
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I mean, I'm not trying to run his presidency,
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but he doesn't seem that he seems to be off his domestic game.
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And I think that's what we're feeling to something.
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Well, as the war continues on, we are always looking for companies and stocks that could
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have some benefit from it.
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We've highlighted helium shortage could be good for Lundy as helium has been an oversupply
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and that could help their prices.
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And somebody upgraded, you know, they keep upgrading APD.
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That's a second rate company versus ours.
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But another one I was going to mention was when we historically see increases prices
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at the pump, increase in prices at the pump, it's simply good for Costco because people
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go maybe the extra mile or two to get that lower price.
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And while they're at the gas station at the gas station, they'll take a look at it in
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I'm paying attention to this.
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This feels breakout to me.
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I know that the last few numbers have been good and where they're selling things is very
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And remember, they don't make a lot of money on food.
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They try to sell food at a reasonable price.
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We were talking about how the herd may have to be thin because it's too expensive to feed
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Well, you know what?
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One of the areas that people go to is the meat section, which is very big for Costco.
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So I think the Costco is a winner, I'm sorry, I'm looking, I'm possessed by helium video,
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is now down 10 straight points from where it was on Monday.
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And that's just a very disappointing.
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Well, one more on Costco before we get to Nvidia, Gordon Haskett put out some research
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this morning, and they've seen it in the data that there's been a sharp inflection in
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traffic in the first week of March, and that accelerated last week as well.
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