>> dan geearing up for miami. >> we spent time talking about the big tech names if you own those like tim is talking to his clients about it how you don't want to be long in puts in the qqq. they look cheap to me. >> thank you foratin wchg "fast money. "mad money" with jim cramer starts right now. e got pleasantly cool inflation numbers. the averages didn't do much.

dallas has 60 points. that is a decline, 6.3%. will that pattern continue? i want to get to the game plan. first, minimum to corporate america. what are you doing reporting next week? so many companies tell their story next week. nobody will pay attention to you. you deserve better. a single earning comment could wreck the entire bull thesis. we have the most important piece of data. i know the ceos are not going to listen. they will soon understand that they can control this stuff. we have a different day or week. please don't take any immediate action or anything from next week. we have so many misleading signals. we are going to be dramatically reduced. with that caveat be out of the way? let's look at the calendar

events, and what you need to watch for, not act on. watch for it next week. monday is steel day. these are two of my favorites. we know that this pricing would not have been crushed. we don't have many steel companies left. the ones that we do have left are pretty strong. they have enough business to keep the pricing up read they have tremendous scarcity. just so you know. you have to like businesses that are protected by the u.s. government. nothing has been more protected from overseas and stuff right now than steel. pfizer, is reporting that it is too soon to look at what companies are doing. that is destroyed right now.

you can hear the prognosis. general motors, reports on tuesday, that we will no doubt hear about closing sales. electrical vehicle on that, for difference. trying to look at interest rates. they stop no matter what they say. the labor report shows a big chunk of rages. -- wages. we have a corporate example of traffic jams. they try to give you a heart attack every three months. microsoft, alphabet, starbucks, amd. minor pieces of data that can move. they are telling us about the copilot ai sales. we have the pro-palestinian protest. i say bizarre because the starbucks has no connection to

israel. these are the companies that we believe to be in suppression. unfortunately, they must address on these protests. the company can commit a comeback from you. today's true intel, right off the race. i'm looking at clues that the defense is looking to come down with. this is depending what they are going to do. don't listen to them. they don't know anything. they thought they could finally clean that up. 737 max inventory was right here. they are back in purgatory. once we figure out how much purgatory cost, we are going to look at the stock.

america crushed it today. it was so much different, looking a lot like visa. we have better results as it has been put up with consistently strong reports. this is a situation that i have long admired. thursday, i'm just calling it insane. it is going to be reached out from a portfolio. i like honeywell to do something transformative. they are trying to look at it. this is thursday night. pandemonium. we want to know ow much amazon is going to advertise.

this is the advertisement. we have iphone guidance for next quarter. mehta, looking at everything from that universe. they think they were actually undivided with his attention. this is what they were doing. finally, 8:30 a.m., we get another report. we have 4% unemployment. this is a serious app. they were trying to take the idea of a trade cut. we are losing ome credibility when they look at it. this was with certain possibility. they know it is cooler still before they take action. chevron repeatedly reported on this. that's not the case for a couple of years.

i think exxon has the edge once again. we are going to have a pretty good sense of how five of the super six are doing. i canned tesla last night. the super sixpack is so important in this market, we are going to do our best to give you the bottom line. you should expect that next week is going to overwhelm the best of the professionals. don't think of doing anything yourself unless you have already made up your mind beforehand. you might not care about your short-term performance. i want to go to glenn in my home state of new jersey. >> how are you? >> we love jersey, and we are doing well. how are you? >> i want to know about glp. buy, sell, or hold? i hold it in my portfolio. >> interesting company. not my favorite. i don't want to prejudge. we are looking at problems from

the red sea. the byproducts have had too much of a move. i think they do very well. the one that is best to sunoco, thank you to brazil for that good reference about how good they were. patrick, in texas. >> sparkling city by the sea. first-time caller. longtime listener. ever since one of my economic students came today, and said that there was this zany and funny mad money on tv. the guy with a goatee. >> it was a long week. i just finished my week on a good note because of your phone call. thank you. >> if i could give a shout out to my past and present economic students in business economics. texas a&m university. >> i went to the show for texas a&m.

fabulous school. thank you. absolutely. how can i help you? >> i wanted to ask you about organic and plant-based oriented grocery stores. we have two in our little town. natural grocers is too small to discuss on the show. sprouts farmers market. it has about 400 stores, in the southern part of the country. it has always een seen as the poor cousin of whole foods. since they got new management in 2019, they have really started to change the shopping experience. the stock price movement reflects that. up 60% from last year according to gdp. do you think it is time to ring the register on this one? >> no. i think you correctly encapsulated everything here. it is doing quite well. it is profitable, growing, and it sells for 18 times earnings.

i think it is still a buy. i have been to one of them. i think it is an exciting place to shop right here. so many of them tell stories. i hope that you will listen. don't take immediate action on any company, even if it sounds good. on mad money tonight, test the post earnings. are investors coming around for the idea that there are more plays out there that are worth watching? i'm sitting down with the ceo in caribbean, and in brooklyn. fica is the fourth best for years and years, the best performer. are we looking at how predictive analysts are coming into 2024? they got shelled last night. i'm going to talk with the company. a new ceo at the helm, adding a dash of spice. do not miss my exquisite. stay with cramer.

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what do we do with the electric vehicle maker? have they fallen out of love with the whole product category? i most likely looking at end of america becoming the most

viable one. they have mixed fourth quarter production. the question is, do you look at this as a buying opportunity? we are trying to stay close to the story. a lot of heads when it is on the road. joining me, the ceo of rivian. take a look. >> what are we doing here in williamsburg and what we call the space? >> i'm excited to have you here. this is our brooklyn space. we are sitting next to the rivian are one -- r 1 less. >> you are the other company that is going to make it. no need to emphasize the first car. that man sells himself. tell me why you are going to

have success in this area? >> this is the set of the first launch products. we have a truck, and the suv. the releasors is the flagship for the brand. initiates the world what we are doing, and why we are building our products, our brand, and our company. we have the commercial side of our business. the first customer for us, is amazon. >> you actually mean down in scale. we have seen other outfits that we have come to know. they did not have to be boutique. you have already made a lot of product. >> this was from the last two quarters. this was super exciting. now, we were trying to get a lot of them. >> we were just trying to shoot. we found something that we might be interesting in this

category. as the stands out, how to come up with this? we didn't have enough numbers. i know it is so distinctive. how did you do this? >> we didn't have a heritage. they were looking forward to this. amazing opportunity. we had hundreds of different front ends. importantly, this is a sense of importance. the stadium sheet was light. a lot of versions is what we went through. >> do you expect people to be looking?

>> immediately, you can connect and identify with what our cars are. >> this is so important. at first, in fact, you have a very tight relationship with amazon. how is this happening? >> you are both the investor. we have the largest opportunity that is right here. we have brought investments. they are trying to get it going. >> we have 10,000 amazon

delivery vans that we built. they have a much better set of creature comforts. >> my understanding, is that amazon would take everything that you could make. we now have the right to sell to other companies. why is amazon going to be the best company in the world? >> we were trying to diversify beyond. the benefit of having worked so closely in developing this, is that it wasn't them sending us requirements. we worked to understand how the drivers are trying to deliver spaces. we have things like getting in and out. we have driver positioning and visibility. lots of iterations working closely. >> the other day, elon musk, we

are going to mention his name. how are you dealing with the notion of your price point, and how people can afford it? >> these are flexure products. they have been designed to operate at a higher price point. really, with the goal of building a brand. the next set of products will be creatively, r 2. they will be smaller in terms of form factor, but a much month -- lower price point. what we are also seeing, which is important on this, is the level of penetration across multiple segments. we are picking up suvs, looking at sedans. they were really attracted to the brand that we put together in the product proposition. >> there is some certain resistance that we have looked at. a friend of mine, the ceo of

hertz, talked about how he has too many teslas not working. not that functional. people are worried about range anxiety. they are worried about not enough charging stations. how do you reflect these? >> this represents in terms of transitions, one of the biggest that the auto industry has ever seen. moving from combustion powered vehicles, to electric. they have new supply chains, and new infrastructure around charging. new consumer understanding behaviors. charging is a big network for us. >> we know how long, for something like this. >> you can do an 80% philip reed we have partnered with tesla to access their network.

we think this is a key enabler over the next few years to continue investing in. we are charging infrastructure. customers have the peace of mind going through d.c. >> we have numbers that have already been described. some feel that initially, a big worst of interest. you have made more cars than you can sell. i can't determine that to be the case. i get that you are selling everything that you make. >> there is always speculation around demand versus product. i think because of our commercial vehicle business, we have intricacies around the delivery. i think they don't take their commercial bans really from the middle of the year to the end. they are focused n the business part of the year. we end up building some inventory. this has been burned down over the course of the actions.

>> where are you in terms of the tax credits? this would be the nirvana for tax credits. >> this is entirely designed around achieving your tax credit. these vehicles still qualify for half of that. this is for tax credits. you are trying to look at this. you have access to the full $7000 credit. >> we just have one more thing. there was an initial burst of people who want to do the right thing for the environment. that is safe. what do you say to this? >> first, we have to take a step back in the long-term. to me, there is zero debate that there is nothing like

this. we have existing policies all across the world. most countries, that's 2035. in the united states, including california, they have included this to 2035 as well. the policies are going to be driving us to conversion rates. what we as an industry can do, is look at the interesting choices for services. what we are witnessing today, is a lack of choice. not enough vehicles across price points, and other form factors, trying to get people liable alternatives to their combustion vehicles that they have been buying for. >> they need to be great? >> across different price points and segments. one of the things that have been so excited about with the two programs. the price point is lower. it fits right into that market. this program is the best selling vehicle over $70,000. >> what i want to do is have it sell itself by getting a ride

from you. how about that? >> okay. >> the founder and ceo of rivian. let's go for a ride.

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i have a deep dive into fair isaac corporations. they are being the keeper of the fica score. the consumer credit risk, and the united states, as well as 40 of the countries, at the time, this was a great company. sadly, it was nearly 50% as of last night's close. this was in response to legitimately a questionable action. does this change the story? they were trying to reiterate the forecast. this was supposed to be better. this was the enthusiasm. this was for a very long time. >> thank you so much. >> let me pause this. this was very necessary.

these are things that we did not necessarily think they could do. we thought there were things one time that didn't feel like there was some slowdown to your business. >> we are investing heavily in our business. i don't think there is any cause for concern. >> we feel like you are not getting enough credit. this is a dramatic expansion into software. the money that you're putting in software, it makes it so that you are going to have this higher than it is. >> i certainly agree with you. we don't get that much recognition for our software yet. everyone has heard of us for our scores. we are the cornerstone of the risk credit ecosystem. those who know about the service industry, they know us. we have very big investments,

looking at the next generation crm. they are all really focused on how they should have these different consumers. our software is the most natural way for them to do it. the investments are going to be paying off. 40% year-over-year, has been here. >> is this a situation that you have been in? i know you love our stuff. >> this is totally part of the expansion. think about it and take a step back. we have the sports business. it is a very efficient, low- cost way to make a credit decision about the consumers. we dominated for 35 years. software, lets us bring in additional data. it lets us apply analytics to a wide range of data. you have diminishing returns after the credit file. you still have some cool

content. you still have some value for these incremental bits of data. we apply fancy analytics, and we have an even higher quality decision. >> they have, on our show. they have said that you are obsolete. they are using a high-powered lending decisions that are much more accurate than what you get. i want to give you a chance to say that person was misguided in making that charge. >> i would say misguided when making the charge. that person is a big user of fica scores. this is the most predictive data set, making through this decision. if you want to know, is someone going to pay you back in the future? this is going to be in the

past. the fica score is built on that. you can have more data sets. you can have more data value and improve the quality of these predictions. they have their secret sauce. frankly, you are out of your mind. that is fine. we encourage that. this was the cornerstone of this whole thing. >> we were trying to look at what they are going to be using. this is democratic. you somehow discriminated it. these are numbers. it seemed to be wrong to charge the data so that some people

never get credit. i was making sure that i ask them that. >> it is not accurate. we don't have more of a fairway getting credits into the hands of consumers. it is a very large population. we found that it passes regular actions. we have different lending things. this is a bandit. we don't have this too. we encourage it. the fica score is always a starting point. >> the last thing i wanted to ask you, one of the reasons we featured it, without the people with think that you can raise rates. the company would really get it. the answer was that people didn't really get it going. we did not correlate these

mortgage rates. >> it is interesting. there is definitely a relationship. we have rates coming down. there is more of a mortgage score. however, volume is not feeling the same. as soon as there is a price lever, we have other products where we innovate and sell those. they are countercyclical. we have our resiliency index. we have product designed to offset some of those expenses. >> we are getting these again. i want to thank the ceo for coming on our show. really good. thank you sir. >> thank you. >> mad money, back after the break. to duckduckgo on all your devie

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i things turning at mccormick? spices, sauces, seasonings, here's what is happening. this is what is happening since higher costs. the company reported yesterday that they even look at some mixed numbers. this forecast is different. the stock rallied 4% yesterday. i think management laid out a very credible plan from boosting buying growth without mac suffice -- sacrificing markets. we are going to the ceo and

president of mccormick. i'm looking at some of the finest household brands. if you look in my pantry, t is the same as this pantry. and yet, the growth is not what it used to be. i'm trying to figure out why. i always buy your brands. i thought everyone does. >> thanks for having me. i'm in my first four months as ceo. this is my first full year. i'm really excited and optimistic about where our business is headed right now. as we look at 2024, it is a year of investment for us. we are focused on, is really addressing some of the things that you just said. really driving the business with a lot more volume and growth. we have a lot of big investments in advertisement. we are taking a look at price points. think about price gap management a little bit more. we have more innovation that we launched from last year. this is going to be an exciting year for us.

we are looking at the year with some realistic expectations. >> you were talking about plus or -1% growth. this is one of the greatest companies of all time. >> as we look at our business, we are putting a lot more investment in that volume and growth. we are going to shift by the time we get to the second half of the quarter. >> we have been around 30 years ago from april. famously, they were slashing their prices. everyone said it was a bad idea. it ended up being a big turning point. the other guys, i would never buy them. i'm a choosy consumer. is it possible that if they took them all down, you can start over again? >> you spend a lot of time come standing -- understand the

consumer actions. they are putting fewer items in the basket. they are trading down to some smaller unit izes too. as we think about the consumer, we are trying to creatively stretch the dollar. that is what we need. our products are looking at the right price points. we are looking at the volume of growth again. this is after a period of really high inflation. >> at the same time, when you have a hot brand like this, i would think that there is a lot of price flexibility. i don't know any other hot sauces that anyone else would ever use. >> value is important to the business. so is margin. we have to think about balancing all of those. >> i was shocked. this morning, i was looking at the ceo of all of this. 11%. people were dining out.

isn't it counterintuitive? >> it is hard to look at the consumer trends. they still want to treat themselves. they still want to go out. whether or not it is at home, or eating at a restaurant, it is really good for mccormick. we operate in both spaces. this is a good opportunity to think about it. consumers are thinking about how they are going to stretch that dollar. they still want to splurge on themselves. we are going to see growth in service. >> you guys have some price spots. can you put more money towards them? does it not work a lot? >> we are thinking about growth in those markets. this is an important region for us. this is including china. we have a long-term market for us. increasingly investments too. >> some of our viewers are saying what does that mean? is he trying to come up with many more hot sauces? are they advertising more? are they giving the stores more

to put it in a better place? what is going to be going through your minds with these investments? >> it starts with supporting our brands. when we look at it, it is increased advertisement. we also think about increased innovation. 2024, we have been launching more innovation than we did in 2023. we are really rolling out a new package for our core product. this is a renovation, if you will, about our packaging. consumers want freshness in our category. we designed it so that before we package it off to the consumer, we remove oxygen from the bottle so that it pays more fresh. when they open it, they get a snap. you can put a measuring spoon in there now. people want to see the spies name and the best buy date printed on the lid. we are delivering a lot of what consumers are looking for. listening to what their needs are to make sure that our brand experience is the best. >> rethink everything to some

degree. you can keep raising the price. it doesn't work. i have one idea for you. if there is a team and it goes all the way, and it is from baltimore, will you bring out once again your baltimore raven old bay canned? what about san francisco? >> we love all football teams. we love baltimore and he ravens. it is going to make our way on the pack. >> i bought 20 of them. one of them was always on my table at our old site. i hope that you do it again. i love this more than anything on the table. those of us who know the brands, know that your brand is going to figure out a way to make this thing. the stock is blowing up yesterday. everyone knows that they have a handle on it. ceo of mccormick, thank you for coming on. mad money, back after the

break.

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of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) it is time for the lightning round. >> [ inaudible ]. >> then the lightning round is over. are you ready? lightning round. starting with peter in oklahoma. peter? >> jimmy. i'm sending you a picture.

boo ya, from yukon, oklahoma. >> dynamite. what is going on? >> telling about cge. do we buy or hold? >> we like these guys so much. this is all of the energy that i like under one roof. good call. martin, in new jersey. martin? i love it. martin? martin? why don't we go to california? >> what is happening? how are you? >> boo ya. >> perfect. >> i'm worried about the digital platform. >> i feel badly. i can't get into it. you have the tension. you have people not paying up

anymore. >> let's get to peter, in illinois. >> that predates me. what is happening? >> this is the roller company. >> it is so cheap down here. it is really good. i'm trying to check in with my executive producer. she almost jumped in. this was a big thing. terminator two. he was loaded down. anyways, trust me. gary in wisconsin. gary? >> boo ya. boo ya friday. >> boo ya friday is right. >> i'm paying $300 a month in premiums. the medicare advantage from united health, i have a lot of

investments. united health. the premium is $18. i get healthcare, vision, hearing, dental, just go to the gym. over the counter drugs, and all that stuff. >> i'm going to tell you right now, i'm not touching that. that group is in a massive reset. as much as i respect the work of all of these companies, they have no idea what is going on in their own business right now. i cannot recommend a company right now, or if i was in the boardroom right now, they would be saying -- [ inaudible ]. anyways, there it is. ladies and gentlemen, conclusion of the lightning round. >> the lightning round is sponsored by charles schwab.

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at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi

and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today.

every earnings season, there is a constant battle between headline readers, and investors with institutional knowledge. more often than not, institutional knowledge is what wins the day. take the pit action from intel. last time intel reported decent numbers, but had decent forecast. it dramatically low cross markets, this is a dramatically huge burst of selling.

it is sending out shots, all of them. down 12%. plenty of weakness in their big competitors, including amd 2. there could be a broad selling weakness. all of these stocks should get hurt. see if you have any institutional memory. you would know that intel is in a dogfight. this is with them over large customers. of course, they will not tell any analysts for that matter. the margin for the forecast was so dismal. that is the reality. this is why you had to buy into that initial recent stock. he was going to continue to do so. how about american express? this was spectacular. much better than expected. this is going to go much higher. why? in november, they told us that october sales were going to be like. we have plenty of short-sellers in stock. the trick here, you need to

know that a hedge fund hears that there is weakness. the stock is going to keep going up. they instinctively want to short that six ways to sunday. many hedge funds know what you might pull. these short-sellers were hung. there were too many people betting against the same stock. with the great guidance, we get the short squeeze of incredible portions. they even repelled them into positive territory. united railroads, you are right. the machine company, tends to be collaborative misses. it is enough to surprise them. sure stock 70 points. it that is not fundamental. short-sellers, admitting that they blew it, having them closeout their positions. when they want to get out, they need to. -- buy, buy, buy. >> you might have sold them up a couple of bucks.

two reasons that i rarely advocate trading on the show. i treated professionally for many years. if it is a need for speed situation, you have the high speed traders that are going to be buying within milliseconds. they are going to be buying much faster than you can. most traders don't have long term institutional knowledge. they have lots of spots where they tend to behave. stocks behave in different ways. yesterday, we sold the travel trust. it a company that i love very much. we were right in sympathy with the united rentals. big machinery, scissor list, i have been with them many times. they make sure to let me know that they don't use cat for their rentals. companies can instantly change. maybe they bought a bunch of them for the fleet. they have united rentals numbers. that was nuts. it changed the risk reward for the stock. moments like this, sadly, the actual worth of the company is not paramount. it is the battle of the bulls versus the bears.

this is going to determine the stock's direction. you are at the mercy of the mechanics of the market right now. that is a tough situation, even when you know how those mechanics work. i would like to say this as always, this is a bull market summer. we will find it right a deep fake red alert. pictures of taylor swift flooding social media. maui wild fire six months later nearly $1 billion actually reaching victims? we will uncover surprising answers. plus the race against the screen. prime video users bracing for a rude