earnings reports. i want to make sure you have it in your portfolio. >> steve? >> who is the worst messager on the street in the large cap tech space? alphabet. they're terrible. i'm long the stock, they've got to figure out their message. alphabet. >> thank you for watching "fast money." see you back here tomorrow at my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always more work in the summer. i promise to help you find it. mad money starts now. hey, i'm cramer, welcome to mad money. i'm just trying to make you a little money. my job is not just to entertain, but educate and explain these records. call me. forget art official intelligence for a minute. right now this market is often in the grip of authentic

stupidity. the dow gained. nasdaq jumped 9.5%. and how does the play happen with your judgment? especially when so many companies are doing so many things right? let me give you some examples of some positive things that were turned into negatives by authentic stupidity. take the selling yesterday. it is the best performing drug company of our year. thestock opened up about $35 yesterday, but slowly and surely worked its way down to finish off just over $1. that decline can largely be attributed to authentic stupidity because there was so much about it. and i'm not just talking about it, their diabetes and weight loss drugs because a ton of great things about those things. and first, the weight loss drug might work and that is a type of fatty liver disease. and if this wonder drug could

work against serious liver disease, we could be talking about 15 million more people than we thought that could be taking this drug just in the u.s. alone. and when they unveiled their phase two clinical trial results and those numbers were suddenly positive. 74% of participants urged less than 13% for those who got the placebo. this result was so new, so hot off the presses that they were caught by surprise with one saying it wasn't spectacular. and eli lilly people, very gracious as always and too kind to suggest that they were powered by authentic stupidity. and they answered simply that the information was too new, so new that they have not been able to communicate the results of the fda yet. these trial results for big unmet needs like they could accelerate the approve of drugs

for fatty liver disease and yes, the liver. until recently this kind of tribute might have been contributed to non-alcoholic liver disease. but they include heavy drinkers. it's a gigantic group. i expect bigger tests. and maybe several, maybe one senator around those who have two drinks or more a night, and it is entirely possible that they will grant them that approval and the drug in question is already on the market for diabetes and weight loss, so safety is not in question. the second positive, lly unveiled the fda should release this very quarter on their alzheimer's disease drug, which has substantial benefit potential. again, this is eli lilly. can you imagine where the stock would go if they give them a thumbs up in the next few weeks? and those using the authentic stupidity co-pilot dumped the stock furiously because others were dumping it. something they barred and flagged to me as being dump as wood. and today the stock rallied $20

back. second example. people jumping in to buy shares in new york community bank the other day to find out the company lost their chief risk officer and chief audit executive, and they had not disclosed it in time, which is a part of the course from this outfit. given 60% of the bank loan book is in the now despised high risk commercial real estate category according to morgan stanley. it took degenerative national stupidity on this one. i know that they use deep learning to catch the bad guys. what i didn't know, some traders use small language bottles to figure out what stocks to sell. they always seem to dump the cybersecurity stocks even though this might be the strongest theme of our you. shallow learners, yes, as opposed to deep learners, fleeing the crowd strike over the last few days, but they came flooding back today. and a not strong cybersecurity company didn't blow the quarter. authentic behavior perhaps they

should never sell. but the best by far and the best example of authentic stupidity or perhaps its close cousin, natural might be from a nameless da davis analyst, who on january 2, assumed coverage of apple with a neutral rating. that's why the target of $166. almost $20 below where the stock was trading at the time. the headline, i like this one, waiting for innovation, assuming coverage with the neutral. why? because they believe $185 price, right? they think it should go to $166, why? because well the $185 price reflects, and i'm quoting, "expectations for significant resumption of growth, which is less likely without an innovation breakthrough." we await apple to get unstuck on the innovation front. willing to upgrade the stock to a buy.

if you start the stock with a hold at $160 on the thing, then something is going very wrong. apple off the rails perhaps? maybe you've got to get out. now after am recorded on february 1 this unnamed analyst has talked about mixed results in order for the company to see meaningful growth, it will require them to get unstuck on the product innovation front. we may be witnessing a case of natural stupidity on our hands. the same analyst got a chance to experience it firsthand. what do you know now? today he's upping his $166 price target. the one that they will take to $200. why? because as they headline, game

changing innovation is back. this product is a sign apple can still innovate on the hardware side, and will be in poll position for what we now consider a validating category of spatial computing. he says represents the significant leap that they promise early reviews. i'm speechless. it's not like they were unknown the week before when they slammed out for the lack of innovation. so many of us have tested the device, given the qualities were pretty well known. if you look at any of the whole reviews, they are ridiculous. why bother initiating the coverage of the stock if you have not done your homework on the new big product? this is pure authentic. this is what keeps people out of good stocks. this piece, it this one right here. this one, this is exhibit a for the prosecution and why you need to own apple, not trade it. and now there are plenty of authentic stupidity that produces the same answers. and they both tell you to own

boeing, right? they say because the stock won't go down. artificial intelligence says there are only two companies in the business, an airbus, it's sold out. there are other instances too. authentic stupidity caused people to sell chipotle off the weakness of mcdonald's. even as they said they saw no decline in sales. maybe fresh and natural food as much as anybody else, that's pretty worth going to the board for. who knows what the authentic stupidity will tell us to do tomorrow with the monster moves, however we're seeing in afterhours trading with disney. and the ladder up almost 30%. boosting their forecast. a partner of nvidia in their domination of artificial intelligence software and hardware. another stock i tell you to own, not trade. there are so many people who want you to trade. but the bottom line, each day on this front is a reminder you can't just assume all the moves on your screen are products of any intelligence especially during earnings season when the market is overrun by idiocy. when you see some action that

doesn't make sense, keep in mind authentic stupidity is a perfectly plausible explanation. stocks should be going higher. if people just understood what was really happening. let's go to kyler in nebraska. kyler? >> hey jim, thanks for taking the call. >> super micros is on quite the run year to date, but their ceo says there is an easy path to $30 plus billion rev. from a forward pc standpoint, the stock has gotten cheaper with the recent guidance. do you think it's a good long-term hold? >> long term, yes. by tomorrow, i don't know. one of the things we've seen, like eli lilly yesterday, some of the stocks pulled back when you get a chance. but when we heard supermicro ceo, i had to tell you, i was quite impressed. let's go to sharon in minnesota. sharon? >> hi, first i want to say thank

you. and we had a time with the financial adviser. and we didn't realize how much they were charging and it was in the thousands. they made more than i did. and i know your father would be so proud of you. and i remember in the investing club, and i think it's a bargain. i find you honest and transparent, and i really do appreciate that rare quality. my question with ai going to need more energy to support it, what do you think of nee? >> your thinking is very good. and just to be clear, i come from the brokers industry. i'm honored about what you say, and i know that pop did love the show. he used to call me every night, and said i was the best show ever. you know what, my daughter does it now and i love it. when you see some action that doesn't make any sense especially during earning season, keep in mind there's a

new thing. it's not ai, it's as, authentic stupidity. it's causing a lot of perfectly plausible moves look like they're good, but they're dumb as wood. and elf has become the ultimate tiktok trend and this quarter proved it. i'm digging into the beautiful report turned in by the cosmetics company as i sit down with the ceo. after big moves from gordon and gm. do these stocks still have room to cruise? and the update on the space, and mattel is fun, they want to see some changes. i'm hearing from the ceo who has had an amazing turnaround. let's hear what he has to say. stay with cramer.

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plus, ask how to get up to a $1000 prepaid card with a qualifying internet package. don't wait, call and switch today! that was the newest director from elf beauty, the cosmetic company. it's been one of the greatest stories of our era. what's happening from the stock? and it's gotten 5% response to

last night's earnings support, coming up with an impressive number. and management raising the four-year forecast across the board. highlighting several areas with the gain market share. the stock jumped correctly 7% in pre-market trading, but actually gave that up. so what happened here? let's check in with the chairman and ceo of elf beauty and find out what comes next. welcome back to mad money. >> thank you for having me. >> well, if i get to vote on commercials, i don't have to see the others. i just saw the funniest one. we were laughing about it. what makes you think that this one -- what do you want this one to do and to tell america? >> well, what we want it to do, first of all we want to continue to broaden our awareness. that was the reason why last year we partnered with jennifer coolidge, dramatizing the number one item in color cosmetics. this time we decided to do the national buy. we are partnering with judge judy as you just saw, and the cast of suits. this time we're dramatizing

you don't have to overpay for makeup that you can have with the filter, and to have the best of beauty at the fraction of the price. >> now i'm glad you mentioned that because i decided when looking at my wife's cabinet, there are $30 bottles and there are $6 bottles. and they seem very much the same to me. now they seem very much the same to my wife. you have figured it out, sir. you recognize that people are paying too much for cosmetics. you are really upending the entire paradigm. it's resonating in target, wal-mart, cvs. tell us about the amount of shelf space that you have taken that is monumental. >> well, i think what we are being rewarded by is being the most productive brand in color cosmetics on the dollar per basis. we're the number one brand at target, the longest national retail customer. we are looking to replicate that with other retailers. i'm happy to announce we're picking up space at cvs, at wal-mart this summer, with shoppers, drug mart in canada,

boots in the u.k. and it's a reflection of the tremendous growth we're driving. >> i do want you to tell people that i could put words in your mouth. but just in terms of where your stock has come. look, you first came on, stock was in the low teens. that's 1,800% return in four years. i mean that is rather remarkable. you have been the best performer of almost every stock that i follow. >> well thank you. i really appreciate that, and i'm appreciative of the team. but i think there are three things that are driving that. first is their exceptional consistent category in leading growth. we just finished the 20th consecutive quarter growth, averaging at least 20% growth over the entire time. second, it's tremendous white space that people continue to see in us. we are highly confident, we can again double our share in color cosmetics. skincare international, an even bigger opportunity. but probably the most important thing that i point to is the high performance team. we are unique in the consumer space. not only diversity of our team, but that we give every single

employee equity in the company every year. so we have a passionate team of owners who are united and our mission to make the best of beauty accessible to every eye, lip, face, skin concern. >> you may have many millionaires who work for you? >> we have some people who created wealth and we want them to create wealth because they are driving exceptional returns. >> let's talk about what's happened over time in your customers. they may initially be, look, you serve an underserved group, demographic. but has it not changed to the point where there are a lot of people who say middle to upper income who just say you know what, this stuff is great. i'm not going to overpay anymore for this kind of thing? >> well, you know, we are already seeing that with gen z. we're not only the number one brand with gen z, but that goes across every income segment. our segment includes more people in the franchise, picking up millennials, gen x.

we partnered with a rising latinx star, creating our song in spanish. we continue to work with hayes panics, bringing more consumers into the franchise, which is one of the reasons why we're doing a super bowl ad. >> we've seen brands resonate in the united states. and therefore they resonate overseas whether it will be in south america, south korea, europe. what are your international plans? i know they are happening right now. >> they very much are as i mentioned our international business was up 119% last quarter. most of that growth were the first two countries we entered, canada and the u.k. last quarter we entered italy in italy and quickly became their number one brand. not only on that side, but also across prestige. we found two things. one, our value proposition resonates all over the world. second, given our strength in social media, the italian consumers knew about e.l.f. long before we got there. we have big plans to continue to

expand our brand. >> you're the first person who taught me tiktok could be huge. i thought it was a strenuous point. how did you know and how explosive is that channel for you? >> well, you know, our strategy is we want to live and follow where our community lives. so we are always looking at what is engaging them, where are they spending their money? particularly among gen z, they're spending a lot of time on tiktok. we're now a four-time tiktok billionaire. but we are not limited to tiktok. we also have our own channel on twitch. the last quarter we actually did a branded experience for roblox. that's the number one experience on the platform and 96% rating over five million plays. and it also continues to help us broaden our audiences including gen alpha. we're pleased with the strength we have across the various social channels, always being native, and always looking to engage and entertain our community. >> i'm glad you mentioned your team because i have met many of your team and they are

ambassadors, and by the way, they are very happy when you came on our show. remember you were in the low teens. but they love you and they love your brand, and they love the customers most importantly. i want to thank you for coming on the show. look forward to watching your ad real time on sunday. i mean he's the chairman and ceo of e.l.f. beauty, and this stock is headed to $200. thanks for coming on. >> thank you. >> e.l.f. is such a winner. we're not backing down now. mad money back after the break. is detroit committed to it an electric future or is there a u-turn ahead? stick with cramer.

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for much now i've been warning you away from the electric vehicle space because there is just much less demand for these things than really anyone thought not that long ago. instead the future still belongs to the internal combustion engine, which is why i pound the table for general motors three months ago. it turned out to be a good call and came right as they began to plummet, making it more affordable. fast forward a couple months in the electric vehicle stocks, well they started collapsing. now after ford recorded last night, ford and general motors are winning autos and winning

auto stocks for 2024. let's start with the stock of gm, which is up an incredible 45% since i recommended them on november 9. in late november, gm is racing about the united auto workers this fall and rolled out an incredible $10 billion accelerated buy back plan. and now to the number, this wasn't even a $40 billion company at the time. on top of that, they rolled out a 33% dividend boost and they roared for weeks on end. gm started trading sideways and that is where it was stuck into last tuesday when they reported again a remarkably strong quarter. we knew the quarters would be solid. thanks to the november business update, but they were all far better than anyone expected. gm posted a huge revenue beat along with a big earnings beat and a very robust forecast. in fact their items are stronger than anticipated. still looking for $775 per share. they could do $8.50 to $9.50. people expected less than $3 billion in cash flow. gm said $8 to $10 billion. in a perfect shareholder letter

published alongside their report, ceo mary barra talked about the combustion engine while being disciplined in the electric vehicle site. she only wants profitable growth there at any cost. on top of that barra made it clear that there will be an increase. sales of $16 million units. now between the quarter and the guidance and in that zone, all indicated that gm is a new place to be played in. buyers seemed confident too as the stock popped up 8%. since then, you know what, it has kept running. if you are gm's hot streak, i was wondering what ford might be able to do given they rallied 24% from when i pushed it in november through last night's close. i was more than a little concerned that they might not be able to keep up with gm. but last night ford turned its own excellent set of numbers and had a huge revenue beat. monster earnings beat. 29 cents per share. looking for 12 cents, and their

guidance was even more impressive than the actual result. and more than doubled the $2.49 billion number that analysts were looking for. they are seeing tremendous strength in pro. that's their commercial business and good numbers from the internal combustion engine. and by all of that, it should be flat or higher full year u.s. auto volume. they are up 18 cents per share. and the stock has 4.7% yield. if you add in the 18 cent special payout, ford is up 4.6% this year. why did it jump 6% today? they are now holding off on moving to a second generation of electric vehicles at least until they know how to make them without losing money. before they were going full board electric no matter what

the cost. and thankfully ford could be more deliberate with the transsuggestion. in the meantime they are focused on hybrids, which is really hot right now. 40% hybrid sales growth this year up 20% last year, led by a hybrid version of their iconic f-150 pickup truck and by the maverick hybrid. it's fantastic. and now while i like gm and ford because of their strong internal combustion engine, i'm not ready to throw in the towels long term. and when you look at the great automakers, it's clear they aren't willing to give up either. they aren't given up on electric, but slowing down the transition because they don't want to foolishly pay up for electric vehicle growth at any cost. they only want profitable growth going forward. they keep emphasizing this, profitable growth. they don't want to make any vehicles they lose money on. that is the promise they made for us when they took over the range not long ago. ford is making so much more with $15.65 billion operating profit just from the commercial and consumer internal combustion division that they could afford to burn $5 billion in electric

this year and still be left with a pretty profitable company. i sure hope they come in at 4.5, but i don't think they will be able to. how profitable could ford be? they issued a special dividend, both positives. in the end, the strategy that i laid out last year is working. we bottomed both ford and gm on november 9. since then they've been roaring. i'm confident they are the right way to play the auto industry in 2024. bottom line, gm sells for less than five times, 1.2% yield. and ford portrays less than seven times, nearly 5% yield. i bet these estimates will turn out to be way too low and both stocks could keep climbing higher. in a market with not that much value left in it, count ford and gm as two stocks that you haven't missed out on yet. let's take the calls and go to martin in my home state of new jersey. martin? >> hello, jim. how are you? >> i'm good, martin. how are you? >> good. and now i would like to know about rivian.

>> sure. >> and it's losing money every vehicle they make. like how can they sustain that? >> look, martin, you're right. i mean we went to see rivian. if there is another company that can ever be a tesla, meaning successful ev company, it is going to be rivian. i think they have remarkable management. i think they have great vehicles. i think you're going to see the company lose money for a long time as tesla did. if you recall me when tesla was 50 and losing money, i said look, i want you to cut and run. people would be hounding me forever. i didn't say that. i think rivian is a long-term hold. there will come a moment of inflection and then you wish you bought it and that is where i come out on rivian. gary in virginia, gary? >> jim, thank you for taking my call. i'm looking to add oil and gas company to my portfolio, which i don't have yet. i was wondering your idea

about mpc. >> you must have been reading our minds. i turned to ben who is our major domo research man for this show. and i said you know what, when is the last time we did a piece talking about how great marathon p is. the company is making fortunes. you've got a winner. i would buy it. it is just a few points from the high, but it makes a ton of money. after hearing from both ford and gm, i am even more confident now there is a right way to play the oil industry in 2024. the median term future still belongs to the internal combustion engine, which is why the stocks keep climbing. remember these are hybrid companies. and the barbie movie in the rear view, can investors make some money in this toy maker or do we need to sit there and listen to what the activists have to say and see what occurs? i'll get the latest from the ceo. snap plummeted today. the report signals an important moment for the ad space. i'll reveal what it is.

and all your calls, rapid fire, tonight the lightning round, so stay with cramer.

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are we ready to buy some stocks on mattel after a mixed set of numbers after they closed tonight. the numbers were not great and the top to bottom line missed. there is a lot to like. some real positive growth for your earnings forecast. and plus they announced a billion dollar buy back. that is nothing. can they get rolling again? let's take a look at the crisis and the chairman and ceo of mattel to find out what's going on.

welcome back to mad money. >> it is great to be here with you. >> okay, i'm glad you're with us. i've got to tell you, you did the number. you have a good outlook. but you are in one tough category. i think maybe you could describe when you came on last time. you said look, jim, barbie, not the magic. some very tough time for toys. is it the time for toys or is it toys in general? >> well, jim, we have the very strong fourth quarter. double digit growth in the bottom line and significant margin expansion. the year as a whole was a milestone year for the company. in addition to the incredible success of the barbie movie, we extended our leadership in key toy categories, gained significant market share overall, and strengthened our financial position. you know this year, we generated over $700 billion free cash flow, which is more than 2.5 times the prior year. we are now just announcing today a new share, $1

billion share buyback program. we are in an excellent position to continue to execute our strategy. >> well, thank you for the buy back program. as you know, there is an activist involved. i think the activist may not understand where you have taken the company from to where it is now, but i get that. people on wall street, it's what have you done for me lately? and they want you to separate the chairman from the ceo, and some other requests that are coming from american girl. but the fact is you said look, here is what's happening. barbie will be unbelievable for us. it's going to be great. but remember there is not barbie 2 yet and not a new thing in the hopper. i have to tell you that i think you have been very, very candid that you don't know with the economy where it is and where younger and also less well off people, what they are going to do to buy. you have created what i think is what looks to be the right attitude towards a tough business trip.

>> look, we have guidance positions with mattel for continued execution. we are emphasizing growth and profitability. gross margin expansion, and strong cash flow generation. we expect to grow in 2025 both in earnings. with the strong balance sheet and our continued expansion of margin, we are positioned in the company for long-term growth. >> i agree with you, but the stock is not going higher, which makes no sense to me. that's what i'm trying to figure out. like why doesn't the stock go up more? i have to believe looking at hasbro and people decide you know what, no matter how exciting toys are, it's not the future. roblox is the way of the future and gaming is the way of the future. what you have done is created an artistic power house, but i want more people to believe in what you and i say. >> well, we have been executing on the toy strategy very strongly and very consistently. we are continuing to grow and innovate our ip

strategy. we have done the same in television, digital, consumer product, publishing, location base entertainment. you'll see more of that execution happening this year. wet announced a new $200 million cost savings program that will continue to strengthen our position not just in terms of cost savings, but also how we operate as a strong enterprise that is positioned for long-term growth. and the toy industry, we expect it will continue to grow over time. the fundamentals are strong. we are very happy with our business on the toy side. in addition to that, we expect to grow on the entertainment side of the company. >> well, do you have discussions? i saw you have two new board members. i know the power house. i don't know julius. but from the background looks pretty amazing from carlisle. is the product of discussion with barrington or are you kind

of on your own saying listen, good ideas, but we need to come up with those ourselves? >> well, we always welcome feedback from our investors, and we are happy to have a conversation with our shareholders. we have been in a quiet period, and we haven't spoken to our investors in this time frame. and you can imagine the share buyback, the new board members, all of our various activities have been in play for a while. and we will continue to focus on execution. i can tell you without getting into details, as a management team, we always look for ways to create value for our shareholders and continue to improve, strengthen, and optimize our operations. >> well, one of the things that you do, and i am proud of the things you've done with mattel. you have made mattel look like the world, not just the way it was when i was growing up. i'm looking at some of the new products, and i'm looking at uno, whatever team wins this weekend and in the super bowl, you've got a product ready.

i've been telling mccormick to do the same thing for spice. tell us about some of these new things and how quickly you can react. the old mattel would react a year later to what happened. >> yes. we are very much about embracing culture, creating cultural moments, cultural attach points, and make sure that we take things that are timeless and time them. and we're very good at that. you'll see the super bowl product with our little people collector, which is really exciting. this is what we do as a company, what we did with the barbie movie, where it became a culture phenomenon. it wasn't just a movie, but a societal event. and we look to continue to create these moments and the special connections with people who buy our product. this is what we have evolved as a company, what we think of people who buy our product. not just as consumers, but as fans, having the emotional

relationship with our product. this is what really was behind much of our success over the last few years to become more important, more relevant, and more connected to our fan base. >> can you explain to people as you explained to me multiple times that barbie is not one and done. your idea is to have this to be an entertainment power house that makes toys as opposed to the toy company. just a one off movie. i mean maybe there is something big with disney princesses ahead. these are all within the things of your dna. >> that's right. we own one of the most iconic portfolio of children and family entertainment franchises in the world. and we've proven with the barbie movie, which is a showcase for how our brands resonate outside the cultural aisle. and that was just one example. but our vision for mattel films, one example is

to collaborate with film makers to make standout quality movies based on the iconic brands that will resonate in culture and the global audiences. and the point is that our brands, they are so much more than toys. and there is so much exciting opportunities for us ahead. >> one last thing that you did flag that you were worried about the consumer. now i think we have two consumers, doing incredibly well. you know that there will is inequality in the country. they are not doing that well. where are we? what is your prediction for '24 for whether we have where even will be able to afford your toys? >> well, we expect '24 to be relatively soft, a softer year, but not as soft as '23. but what we do as a company, we will have multiple price offerings, and make sure we cater for different consumers, different demographics, with different products. a wide variety of product. this is what we excel as a company in understanding the market where we operate and

driving the demand. creating demand for our product and continue to engage with fans of all ages, all over the world. >> well look, i think you've done a remarkable job. i was surprised to see the activists. but these are times where it just happens. i've seen you turn around this strong company. i think you've done an amazing job. i remember it was half this price, and you told me to get interested in it and that is what i remember. i want to thank the mattel chairman. thank you for coming on. good to see you. >> thank you, jim, thank you. mad money back after the break. coming up, pop open those umbrellas and tee up your toughest questions. cramer takes on all comers in the lightning round next.

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it is time. and the lightning round is over. are you ready? let's start with martin in new jersey. martin? >> good evening, jim. how are you, sir? >> i'm good, how are you, mark? >> excellent, excellent. well, you've got a patient bull here on the phone. the question is about the digital world acquisition. >> that is kind of a political speck. that is a political stock. i don't have much to say about it. all right, there are other people who are more, i'll tell you inclined to comment on that. let's go to keith in new york. keith? >> hey, jim. from the hamptons, bro. >> see you soon in six months.

what's up? >> and two-part question. i want semiconductors performing very well as the world's number one foundry, they're growing, aggressive growth plan. they are building new plants in arizona, germany, we just heard about japan. they will be a power house in about 36 months. geopolitical risk the only thing holding back the stock? >> i think that the reason why it sells at a lower multiple than other stocks is the geopolitical risk, which i think is overstated at this moment given the fact china seems less inclined to take offensive action. it's a great company, what can i say? >> let's go to natalie in georgia. natalie. >> hey, jim. >> boo ya. >> i'm calling about cls. >> that is a contract manufacturer. i like them. they are kind of the unknown cohort that used to be very much

talked about. you have to go in there. let's go to allen in arizona. allen? >> hey, boo yah, jim. and i've seen the stock surgeon. but with temu spending so much on ads and facing stiff competition from giants like amazon, alibaba, jd, and wish, do you believe investing could be an investment? >> i don't want to use the term invest. you can trade these because i believe the prc is desperate to move the stock market up including pdd. i was surprised alibaba reversed today. i know the government wants that stock higher. sounds strange to say that, but i know it's true. sam in colorado. >> jim, how are you doing? >> i'm doing well, sam. how are you? >> i'm all right, jim. one thing that i'll tell you now is commercial real estate, and all the disruptions that's going on particularly with office. i think we should take a close look at the feds recent

confidence on the interview. and there seems to be alittle bit of latency going on there. nonetheless with all the destruction going on, what company in particular that seems to be benefiting from it? my question is has all the good news on the stock helped? >> they trade like semi conductor stock. i like tte very much. and with that ladies and gentlemen, the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. coming up, gen z is still stuck on snap. so why did the stock just report a billion dollar loss? cramer explains next. ameritrade is now part of schwab.

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when we were growing up, we had a plethora of different places to read or watch or listen to something. we read newspaper in the morning, and the evening for me. and we would watch 3:00, 6:00, 10:00. we read times news week. and of course, we would listen to the am radio station. we didn't have fm back then let alone spotify. all of these chalk full of some ads. and maybe we talked about it, a process that we would listen to ads and search out where to find the product, and try to figure out the cheapest price before finally buying the darn thing or maybe not. the ultimate winners were 3:00, 6:00, and 10:00 because tv reached everybody. they destroyed everything else in journalism because they had more customers. well now we have a new 3:00, 6:00, 10:00, but they aren't on tv. it means meta meaning facebook and instagram and amazon.

no latency. you see the price, you buy, the next day there it is. best of all their ads are targeted. in the old days when you advertise on tv or radio or newspaper, you fully acknowledge that you're reaching millions of people, most of whom who didn't care about what you were selling. what a waste of money. but no more wasting money with alphabet, meta, or amazon. you're reaching exactly the people you want and no one else. which brings me to snap. here is a social media company that has 414 million daily average users, an increase of 39 million year over year. monthly active users surpassed 800 million on their way to one billion. you might think a company with that kind of growth would be a huge winner, but there's a problem. snap has a lot of young users, so young that they don't do anything on it. snap reported last night that the company is excited about the user growth, translates into flat revenue growth, having a difficult environment. yet they quoted about how terrific things were. however left out of snap growing was a net loss

of $1.3 billion, hence the hideous 35% meltdown today. how can snap be performing so badly. meta didn't have a challenging operating number. mid-20s growth for heaven's sake. you think snap and meta are in the same environment, but i say not so fast because snap's audience is too young. snap's viewers are not the demographic that pulls the triggers more than what it was growing up. oh yeah, that's still in business too. when you have an ad-based business model, you need to be where the shoppers are, not where the children are. snap makes a guessing content, but you make the content, you on facebook and instagram and youtube. you, and the seller pays for the ads on amazon. no wonder why snap is still losing huge amounts of money. the model is terrible. it's possible to have journalism that can make money on the web, but tends to work in conjunction with television or some kind of subscription based business model. those can make money. but for most other media, i think we need to just accept the fact we're back in the world of 3:00, 6:00, 10:00. without the expensively made cops and firefighters shows and

now hospital dramas. other than amazon prime, which comes up with its own programming, these companies can outsource that to their user base, while having the kind of targeted customers that i could dream of as a kid, which increasingly is a very long time ago. i promise to find it just for you right here on right now on last call, is the magic back at disney? speaking out to cnbc. the stocks moving big time. 's economy is really healthy as it appears? we will ask consumer king about that and what a sports super app could mean for his houston rockets. original roller coaster, fresh drama unfolding for new york committee bank and other banks. just call him bill everyday ackman. the legend making a stunning move to retail. and the x