[Music] for the past couple weeks we've seen signs of excess bubbling all over the stock market in all sorts of [Applause] places to the point where I feel like devoting the whole show tonight to laying them all out for you so you're prepared be ready all in all I think it's perfectly reasonable for the S&P 500 to be up 4.9% for the month November given that we got a republican sweep on Election Day with promis of lower taxes and deregulation something Wall Street always Ador plus we got a rate cut from the FED a few
days later the magdis 7 haven't gone crazy either they've actually been pretty tame this month so if it's not in the averages of the mag 7 where's all the excess that I'm talking about frankly it's everywhere it's all over the place we'll have a remarkable rally for one off stocks one day then something similar in another stock the next day you can see it on the crawl at the bottom of the screen every session particularly after the bell and very early in the morning gains in names you never heard of and that's why this week
what during the weekend what we did was this we ran a simple screen looking for us listed stocks that are large enough to talk about on air with total returns of more than 50% 5 for the month of November as of the close last Friday there were 66 darn stocks that fit that bill which is an insane number 66 stocks would take oversiz gains well but people people are really making money provided they are also taking something off the table no money made until something off the table when you diging this list what you find
are several baskets of stocks that people can't stop buying they just can't can't they can't keep their hands off them and some of these are actually a lot less legitimate than others so let's start with the unprofitable Quantum Computing plays because the best performer of the bever at least so far is a company called Quantum Computing that's qut for you home G sub standing 588 that's close to follow by two more Quantum plays d-wave Quantum and ion Q both of which have more than doubled month to date that last one sounds like a TV station
I'm not working for honestly I have no idea what's behind the sudden interest in these Quantum Computing stocks don't ask me to explain the C of either you need a Physics degree to get your head around it and trust me when I say that most of the buyers do not have one while people have been talking about it for years it's still highly experimental but I do know stocks and when you look at the history of qbt do you know that this was a beverage company until 2018 when it pivoted pivoted to being in software
for Quantum Computing now that failed to inspire much interest so in 2022 QT acquired Q Photon which is a developer of quantum photonic systems right now they're building a sem inductor plant in Arizona to make specialized materials for Clum Computing and the stock seems to be running on the fact that they're on track to open this facility in the first quarter of next year and this month they announced the first few orders for their planned Arizona Fab again I have no Edge in Quantum Computing but I do know that qubt is losing money and has
hardly any Revenue through the first nine months of the year it only racked up $311,000 in sales this is six years into the quantum Computing pivot people somehow QT is a $910 million company excessive d-wave Quantum came public via back a couple years ago always reassuring and it's also unprofitable uh but at least it's on track to make about $9 million in Revenue this year is that enough to justify a $647 million market cap the last one ion Q is surprisingly in almost 7 billion doll company after more than doubling this month they're on probable
too uh though ionq is expected to reach 41 million in revenues this year up about 88% from 2023 I like that no disrespect to these three companies but I think people were just reaching for anything with the name Quantum in you know in it quantum this Quantum that that seems to be a theme across all the pockets of excess that we're going to discuss which brings me to the next group anything with AI in the name and that starts with AI unlimited group that's Up 3 49% in the month of November then there's SoundHound AI
up 60% Big Bear AI up 42% C3 AI up 54% that AI unlimited group company was previously known as lever Global until name changes July and hardly had any trading volume before this month when the company completed three Acquisitions in the finch and travel Industries but for now just know this AI un limit is one of the hottest stocks in the market despite having no revenue and no earnings what can you do the other stocks with AI in the name are a little bit more legitimate in that they all have revenues even if they're unable
take C3 AI they're on the show a lot right we we've had them on the show the analysts are expecting 382 million in Revenue 2024 up 23% year-over-year even as the losses have also steadily grown now this thing came public in late 2020 and there's never been much interest in the stocks until a few weeks ago the only Catalyst I can find is that they announced a strategic alliance with Microsoft last week which sent the stock up more than 24% in a single session the stocks now trading at nearly 13 times sales which is absurd
for a company with only 23% Revenue growth again excessive the rapid speculation anything with AI in its name has also bled into the enter software space so take inod data okay which is actually on our homework list right now the company describes itself as a quote global data engineering company yeah and it has AI all over its website in a data is actually profitable and tal relationship been differ to seven customers but multiple short sellers have targeted the company this year including one alleges that mag 7 relationships are vastly overstated the stocks up huge after
inata reported a huge top and bottom I beat earlier this month the darn thing Spike more than 75% in a single day even though the company also disclosed that it's received subpoenas from a sec and Justice in third quarter they say it's related to conduct alleged in a shareholder lawsuit personally I'm not going to pay up for a stock that's being subpoenaed by both the SEC and the justice department to me I'm calling that fraud a bunch of other Enterprise software placement shot up more than 50% for November like Bill Holdings and paler Technologies those
are more just iable but both companies are turned to profit both reported strong numbers earlier in the month but Bill holding sells for 52 times this year's earnings expectation while paler trades at 170 times earnings I love paler I'm calling it a tad excessm I could go on there's applied opto Electronics with 143% return in November they make Optical equipment for the data center there's Canan up nearly 80% which is focused on quote high performance Computing chip design chip research and velopment Computing equipment production and software Services end quote that that's kind of everything right
then geometry which rallied almost 66% it calls itself a quote leading Global AI powered manufacturing Marketplace end quote Pharaoh Technologies a 53% described to as a leader in 3D measurement Imaging and realization Solutions a point a point at a quote is a global leader in data security governance and resilience end quote it's up 50% an indd semiconductor makes semiconductors photonics and software platforms end quote for autonomous driving it's up more than 63% November five of those six companies I just mentioned are unable the loan exception is pharaoh f that's another one that's been around for
ages but investors only started caring about it past month bottom line all right we're seeing signs of excess all over the place people especially in Tech and it's making me a tad nervous if only because some of these stocks simply have good names and almost nothing else if it was just Tech well believe me I could handle it but the excess is everywhere so stick around after the break and I'll walk you through some more of them they money's back after the break coming up not sure if it's the right time to get into the
market Kramer's taking you on a trip down memory lane and letting history be his guide on when to buy stocks next don't miss a second of Mad Money follow at Jim Kramer on X have a question tweet Kramer # mad mentions send Jim an email to madmoney cnbc.com or give us a call at 1 1800 743 CNBC miss something head to madm money. cnbc.com
