>> you like his clan. >> one of your heartbreaks was not getting into georgetown, tim and i obviously did and have members of the georgetown media alliance there, take a look at l.lero, me >> thanks for watchingmelms. >> thanks for watching "fast money." see you tomorrow at 5:00 for more "fast money." "mad money" starts right now. my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to make you a little money. my job is not just to entertain but to educate and teach you. call me. 1-800-743-cnbc. tweet me @jimcramer. when the book is written on this economy right now, it's going to come down to something that is pretty pedestrian. it's going to come down to

chips. the chips in this bag and the chips on this rack. i know it sounds like i agimmick. maybe it is. but if you understand the zeitgeist of this market, if you really want to get it, these two types of chips tell you a great deal of the drama going on in the stock market and in the entire country. so on a good day when the dow advanced 130 points, s&p gained 1.03%, nasdaq jumped 1.51% -- ♪ hallelujah ♪ allow me to explain. let's start with these chips, the semiconductors. right now there's a veritable feeding frenzy for the chipmakers. investors can't eat just one. the etfs are going crazy. buyers are chomping down on this stuff like piranhas in the amazon basin. nvidia, obviously the not disputed leader of the group is up 87% year to date and 757 from its lows just 17 months -- 757%,

people. on the other hand, though, this bag of chips is under assault. the price of a bag of potato chips has risen 45% while the cost of producing them has increased by about 40% over the last few years. but unlike semiconductors potato chips haven't gotten any better over that period. same product. much higher price. the first, nvidia, has gone up so much that if you own its stock you wouldn't know the difference between the cost of this bag of generic chips and some name brand lay's. these prices would mean nothing to you. that's the beauty of investing well. but for most americans they can't invest well. because the cost is everything. informed costs are at the heart of the dilemma facing americans. you have to eat and eating's a lot more expensive than it used to be. the pandemic led to a level of price increases that we hadn't seen in decades. back in 2019 here's a good example. a basket of food costs 156 bucks. now it's 210. most americans don't have enough spare money to buy a share of nvidia for heaven's sake. 36% of americans have more

credit card debt than emergency savings. another 19% have less than $1,000 in savings altogether. put it all together, only 45% of americans have more than $1,000 in savings. there's not much left after buying nvidia, is it? let loan a chip. we'll get into that in a second. what they make goes to shelter. and goes to gasoline. food is disastrous. and if you're eating store brand potato chips you probably can't invest in microchips. ah, but for thes have what can i say? i've been investing for 45 years. it's difficult for me to find an analog that can even rival this moment. sure, there were periods when texas instruments led this market in the '80s. there were long stretches when you had to own intel in the '90s because it was unstoppable. in the interim there could have been a chip that could ignite, amd or the old national semi. but nothing like nvidia. maybe the personal computer revolution comes close. but not of late. see, the contrast between thes have and the have nots i find is

disconcerting and i hope you do too. the cost of food is sapping the average kurnl and it seems like no one has the ability to do anything about it. yes, costco reported tonight and the fantastic retailer is trying to hold the line on pricing using their signature kirkland brand. it's working, at least if you're a club member. the stock is off after hours but there's nothing significant to explain that other than the fact the print, or the quarterly results, remember, they report every month so there's no surprise by the last month. now, kroger, though, reported this morning and this is a -- led the s&p 500 because they've been cutting prices where they've been introducing their own private label brands. they're going to do 800 private label brands this year. that's how you keep costs down. meanwhile, endless versions of personalization digitalization is causing sales to go up while bolstering their margins. walmart's keeping tabs on suppliers and wants to keep prices the same but try as the great retailers are doing, and they are trying, they can't get prices back to pre-pandemic levels. it's just not working.

the presidency may hang in the balance of this bag of chips and food that surrounds them in the grocery aisles. even though we've got low unemployment voters really, really hate inflation. in this group of chips the ones that are so abstruse and cut your hand if you're not careful, these guys, well, let me tell you something. these are what we call chips for the enterprise. right now the enterprise, which are corporations, is the place to be. thanks to higher -- the reum hsun of student loan payments the consumer's totally strapped. consider the semiconductor aisle. these chips are incredibly expensive but they deliver businesses such a big return on investment that it makes them addictive. now, on instagram recently mark zuckerberg let you know that he can't just eat one. he said meta will have 350,000 super high-end nvidia h-100 graphics processing units and the computing power quifequival

of 600,000 by the end of the year. a single chip costs over $40,000. most americans need to be careful of how many potato chips they can afford or they wouldn't be buying these knockoffs, right? the ironic comparisons don't really stop there. i mean, i know it's a little bit of a dramatic license i want to take but what's really driving the demand for the nvidia h-100s? generative artificial intelligence. machines that think and accelerated computing which allows these thinking machines to work at lightning speed. we didn't know all that much about these twin concepts until the orders started flowing in to nvidia right about the same time that many discovered the wonder that was chatgpt. gpt. but how about potato chips? the only thing that can drive these chips down in price are than the furious attempts to hold the line by costco, walmart and kroger, the new class of weight loss drugs known as glp. glp-1. gpt, glp. glp-1 made by novo nordisk and

eli lilly. if you can afford these drugs or get your insurance to pay for them you really can stop at just one potato chip, if you need them at all. go right by that aisle. not interested. you need to think of the glp-1s as willpower enhancers with a secret weapon. they make really great tasty things kind of taste blah. yesterday jack dam's had really bad numbers. like every other company challenged by glp-1s brown foreman claims the class of drugs didn't do anything. the truth is whatever you imagine jack and coke would taste like after a hard day of work just imagine you're drinking some brown bubbly soda water that's expensive because that's what it fields like when you are other on glp-1s. no wonder female don't want to pay for the privilege to drink it. i about the same token potato chips don't beckon when you're on these drugs they practically eliminate cravings for junk food sxak holl if enough people take these drugs then the chips stay on the aisle and the price comes down. the glp-1s are the accidental price cutters. you're watching this show, which means you may have bought nvidia or amd or broadcom which indeed is trading down in after hours

after a request g. quarter but lighter than expected revenues and no boost to the full-year outlook. you might get a good chance to buy some broadcom next week probably want to do it a member of the club will tell you everything. maybe one day the productivity gains we make from these mike are chips will make potato chips more affordable. maybe the -- right now the bottom line is the paths of the people who invest in the microchips or the enterprises that buy them are very different from the paths of people buying knockoff potato chips and perhaps never the twain shall meet. at least unless something big changes and i've got to tell you my crystal ball can't see that far. i want to go to isaac in utah. isaac. >> caller: hi, jim. thanks for your time, first of all. i'm the founder of the cramer double anniversary fan account on facebook and instagram. my question is do you think

general electric will continue to outperform its industry yes or no? >> yes, nice conversation with larry culp all the time including today. you saw what happened when -- up another seven. 52-week high. extraordinary performance by larry. and yes, in candor i have to disclose i worked for ge and have ge stock. that stock goes higher. rose. >> caller: hey, jim, from your old hometown of philly. a question about micron. i have a small position and i was thinking about adding to it. it seems to sort of not go up as fast as some of the others and i just wanted your expert wisdom and insight if there's anything in the company that i might be missing. >> okay, i've studied micron over the years and i think they would say i'm as good a student of micron as anybody else he's ever met. when you have these moves in micron they tend to last for about 18 months and they go much further than they have already.

the scrum that was up today but i do think if you can get the stock in the mid 90s to high 80s i want you to pull the trigger immediately and buy some more. let's go to ted in washington. ted. >> caller: hi, jim. boo-yah. >> boo. >> caller: just wondering, jim, we've had starbucks since day one back in the '80s. of course it's split many times. two or three years ago when howard schultz left it was 124. today it closed at $90. >> indeed. >> caller: what is your professional opinion, jim? >> lakshman narasiman is the ceo. he's been doing a good job. he gave some talks in new york. i heard what he has to say. i think the problem is twofold. one is that china is just really, really tough right now. i don't know when that's going to be able to wake up from its slumber. and two, there were some protests at his companies' stores that i think were illfounded but they happened. and that hurt domestic. domestic not great and china not

great, and that's producing the $90 stock, which to me says buy it because neither one of them is going to stay like that. that's what we're doing for the trust. pick some up. let's go to robert in new york. robert. >> caller: hey, jim, i've got to tell you, you continue to steer us in the right direction. >> thank you. >> caller: you saved me over $50,000 in the last seven days. okay? and you did it by -- you said viking is not the one that came out with this, that nvo, ba, ba, ba, ba. i pulled money off the table. i made a ton of money on it. >> oh, thank you. when i see too much enthusiasm i do want to pull back. i told club members today i wish broadcom hadn't run up into the quarter. i don't like that endsless enthusiasm. viking had way too much enthusiasm. it was too hot. had to take the profit. how can i help you now? >> caller: exactly. we never mess up when we listen to you. >> no, i make -- look, i just try to make fewer mistakes than i do good ideas. >> caller: well, whatever you're doing, keep doing it, jim bo.

>> i will. i'm not going anywhere. anyone think i'm going anywhere? >> caller: no, no, no. >> i ain't going anywhere. what's up? >> caller: anyway, the average price target for the stock i'd like to talk about is $173. this is based upon 23 wall street analysts with 12-month price targets. the highest analyst is saying 263. the lowest is 75. so you've got this company, i own it at a buck 25. i'm not going to tell you -- don't say i'm a pig for not cashing in. but should we cash in our coins on coinbase? >> okay, look, i think coinbase is in a unique position. a lot of people are short it. people didn't think the s.e.c. would find a way to look the other way when it came to the etfs. there's going to be an ethereum etf. i would not sell this until the day of the ethereum etf. when that etf starts i think you're going to get a good price and that may be where you want to unload some this is momentum stock that's heavily shorted. for people who are aggressive it's a real good situation.

all right. the paths of the people who invest in these microchips are on a very different path from those who are buying these or knockoff potato chips. and sadly the two probably will never meet unless something big changes. and i sure wish it could but i don't control that. on "mad money" tonight the fortune brands the company behind moen and master lock has its finger on the home repair market. let's hear what he has to say because that market's been stalled by high rates. then from home fixtures to home building i'm also learning more about faux wood deck from azek on how the company's able to have a top and bottom line beat because decking is still something selling pretty well. stay tuned, gap reported after the bell and with the new ceo at the helm how's this company fairing? you do not want to miss what i think is going to be a blockbuster story. so stay with cramer.

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how do we feel about everything connected to housing now it's crystal clear we won't be getting anything close to those half dozen rate hikes wall street was expecting just a couple months ago? take fortune brands innovation, formerly known as fortune brands home and security which makes water fixtures like the highest end fully automated gorgeous faucets, premium doors, composite decking products all sorts of locks and other security products. here's a stock that rallied 33% last year with the entire gain in november, december after

long-term interest rates started coming down and decent 2024 up 6% year to date but suddenly lagging the broader market now in part because we don't know how quickly rates are going to come down. when fortune brand innovations reported at the end of january they gave you a solid top and bottom line beat with a healthy full year forecast and this is what's really important, extremely robust cash flow but management earnings guidance for current quarter came in and spooked people. it was down 4% the next day. rebounded of course since then. so what do we do with it now? let's check in with the ceo of fortune brands innovations. mr. fink, welcome back to "mad money." >> thanks for having me. >> if you had told me you could do this level of business with rates going up gigantically and still have this free cash flow and buy back a ton of stock i would have said it's impossible. how are you doing it? >> first of all, the market is a lot better than people give it credit for. you had the biggest affordability crunch in 50 years, in 50 years, and consumers still stuck around. you saw it through the home

builders building more houses, people are buying houses. so there's been resilience but then inside of that we focused on our own transformation and really looking for the parts of the market that had what we call supercharged growth. right? >> you've shuffled the portfolio and you gave out 4s and 6 of spades and you got back with kings and queens at aces. and one of the things i thought was so incredible, in innovations you dominate. and you dominate in a way that's good for people, good for earth, good for the workers, and i think you should just talk about that because rarely do you ever see a ceo say we've got a product that's good for everybody. >> it's the coolest thing and it gets me out of bed every day. we've taken something that was a shower head and faucet business and we've turned it into a whole home residential water management business. and it starts with our ai powered product. you and i have talked about that in the past. it's not just ai yesterday but do this for about four or five years. but it can read water throughout your whole house. it can shut off your main if you're going to have a catastrophic leak, completely

save your house, save it from being damaged, save it from mold, and use a whole ecosystem of products around it to make it even better. it's a game changer. but your point, those leaks cost our planet not just water but a ton of carbon. and we're going to put an end to that. >> and i think people are starting to realize if you bought a nice house because the sometimes were good and rates were low, it's worth it to think oh my, there's going to be a vicious cold snap like we had in kansas city, minus 9, and your house is going to just be destroyed. >> yeah. we saw exponential growth through the southeast, places like texas with those bursts in january. huge growth in interest, online conversations. so you see consumers. >> outdoors there seems to be a little more sensitivity to rates. when you have those really premium doors and really premium decking it seems like it puts pause for a moment that repair and renovation, people are pausing a little bit. i would have thought by now they would have said i have to stay

in this house dpforever because have a low mortgage rate, it's time for my place to look better. will that happen? >> that's a fairly big new construction business and so you saw more of a dip and then a bump back and then you're right, r & r's been a little slow to come back but we're seeing it sequentially get better month on month, quarter on quarter, and i suspect you'll see it get back to a very healthy growth rate of 3 1/2 to -- >> you obviously have conviction because you take the free cash flow when the stock is after a good run but it's going to be paused. it seems like you're buying as much as you can. why? >> because we think there's huge value. and we're very strategic about it. we look at our strat plan, we look at historic multiples. and we decide if there's value to be had in the stock and there is. >> you haven't been surprised like the rest of the world that the chinese real estate market would basically in our terms

crash. it's only 7% but it can still hurt. >> yeah. >> what happens there? >> i think it changes from what's been a new construction-led market to an r&r market. and overly developer led for many, many years. and now those cities are getting old and our share's really concentrated in the big cities. so as they get older we're seeing growth in the r&r channel. and our team's done a great job keeping that business as profitable as the rest of the company in managing through the downturn. so it's great optionality for the future. >> it's not -- i never thought at one point, i saw you this summer, that i'd have to start hearing about the red sea, cape horn. you have to worry about where you get your products, and it did add to your cost, correct? >> well, it added to inventory. so we put about ten days' more inventory on the water just to be safe. taking care of customers and consumers is the number one priority. i expect that will come out by the end of the year, but we just want to be kushs, cautious and you do learn with a complex

business we have inventory all over the world moving all the time. >> i was struck by -- i thought you would be doing more at this point in security because you have a trusted brand and if you have a trusted brand -- you can put that on anything, nuclear war doesn't take that stuff out. how concentrated do you want to be in that particular vertical? >> look, i think the right part's security. we closed on a great acquisition in june which was yale and august for the u.s. and canada. and now we're in the process of bringing that business together. but the real unlock, it was for us to get our hands on that team and their connected product know-how. so as we bring that whole business together with the help of that team it gives us a lot more optionality to look for really, really good parts of that market to add on in the future. >> a lot of people tell me they're always looking for little acquisitions. you guys are in the market all the time for -- you just want to go higher and higher end? is that the trick? >> it's got to be a brand. it's got to be a brand that's innovation led, that's got a moat around it that consumers

are willing to pay for it and we can innovate behind. >> you've done a remarkable job, this year starting much better than you can expect. i understand why you're buying the stock, it's the right thing to do. nick fink ceo of fortune brands stock innovations. terrific stock. had him on last may. it's been a great one. "mad money" is back after the break. >> announcer: coming up, making the outdoors feel more like yours. is a sunny season approaching? cramer has a patio player on deck. keep it here.

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as you know, take we're taking a hard look at the building products space where we've got a bunch of stocks that have been running just as hard as the home builders. consider adeck which makes composite material products that are used as alternative to wood. it makes for great decking that requires far less maintenance as i know because i'm all adeck. just a few weeks ago they turned in an impressive quarter with top and bottom line beat with management raising full year forecast. can you keep running? let's dig deeper with jesse singh president and ceo of azek to learn more. welcome back to "mad money." >> so great to be here. thanks, jim. >> jesse, so glad you're here. we talk so much about tech on the show because we think tech can be up 40%, 50% on the year. i think you're up almost 100% since we saw you last. >> yeah. >> how'd that happen? >> first if you step back and look at our business between our

timber tech brand and our azek brand, we built a business over a long period of time. our ten-year cagr is 12%. our focus is long-term performance and there's times when the market recognizes that performance and we're clearly happy with the progress but we think there's a long runway ahead of us. >> if you told me that a building products company was going to have the worst rate in history and you were going to have these numbers, i would say that's not possible. you've got some sort of secret sauce going here. >> if you take a look at our markets the vast majority of our markets are wood. and so for us we play in a market that is actually four times the size. so we're constantlyconverting wood into our types of decking or exteriors. and that's always an additive growth element. in almost any cycle we tend to be very, very resilient. if you look at our calendar year performance in 2022, we grew 4%. last year in 2023 we grew 10%. there's a resilience here that's

just long-term and we expect to continue. >> why is repair and renovation so much better in the decking of repair and renovation, the best most solid growth of anything to do with a house in how'd that happen? >> first there's been a long-term focus on the outside of the home. people have started to look over the last decade at their square footage and it's a terrific opportunity to expand square footage. and in our particular case as i said, it's a very resilient sector but between new products and constantly converting the market and expanding the market we're able to sustain those double-digit -- >> this is before i met you but i subsequently told you i had to do my shore place every five years and i haven't done it in a very, very long time because i switched to this azek. the guy told me, jim, why do you keep using wood? the wood proposition is something that's in our heads, i think. when i heard how much is recycled then i feel better. but then when i hear how much is

flame, that it doesn't propagate flame-i said everyone should be getting an insurance break if they use the stuff. >> we've got a proprietary line made out of recycled pbc. 60% pbc. one of the benefits is it looks like exotic hardwoods, it's almost indistinguishable. one of the side characteristics of that is it's class a flame spread, so it meets certain incredibly high standards of not propagating flame, which of course in a lot of geographies you think about embers floating from a fire, it will not propagate that flame. and so we're seeing really nice growth in those areas that want high aesthetics, which we provide, environmental sustainability, and then also the ability to really make the house safer from potential fires. >> you and i know that nothing sells itself. you've got these -- you've got a great sales force. but it seems like wherever you go you seem to take share from the big boxes, from all the stores. it's almost as if when i first met you that you didn't have a big chunk of these big places

but now you're the guy. . >> yeah, we have -- we play in two channels, the pro channel and the big boxes as you said and the diy channel. because we've got such a great value proposition, those 200 salespeople focused on contractors, a differentiated product, we've been able to continue to expand our position both in the pro, the pro channel, you know, think of builders first stores, those and the retailers. it really comes down to servicing the customer better and both those channels recognizing we've got a differentiated product. >> i know you just added -- you added some space in aliquippa near pittsburgh, and someone on the conference call said but wait a minute, trax has got huge capacity coming on. that didn't seem to faze you at all, did it? >> over the last couple years both of us have added a lot of capacity. we tend to operate on focusing in on value.

that capacity is necessary for us to continue to expand the business. the fact that more capacity is coming online to us is an indication of just the future trajectory and then the capacity we added in pittsburgh is really to focus on a wood look type siding that starts to -- and an adjacency for us where we can convert cedar to our types of materials. so part of our expansion play is through the azek brand moving into adjacencies including really specialty siding. >> now, you're also a finance guy. you brought back a huge amount of stock. you've got a great reputation for knowing when the stock is low. you put the money when the stock's low, you'll buy the stock, but as it goes up obviously you're looking for opportunities -- well, what a chart. what's next? at these levels what's the right thing to do? >> yeah, we throw off a lot of cash. if you just look at our balance sheet and where we're going, we should have a reasonable amount of cash at the end of the year. as you mentioned, we took out about 7% of our shares in the last two years. we would expect to continue that

process of using our capital to continue to buy. we expect the stock to go up. and then we are selectively going to use that capital to reinvest in the business, do tuckin acquisitions and if necessary continue to make the balance sheet better by getting rid of some expensive debt. we've got a lot of capacity to do a lot of things with that cash. >> good for your house, good for the planet, good for the shareholders. not bad, jesse. thank you so much. jesse singh, president and ceo of azek. i urge you to look at this stuff and the stock. i mean, i couldn't believe it. and i did not know the guy. i was like one of those satisfied customers. i should have bought the company. "mad money's" back after the break. nice to meet ya. my name is david. i've been a pharmacist for 44 years mainly because i just love helping people. as i got older, it was just a natural part of aging,

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i'm a sucker for a good comeback story, and comeback stories don't get much better than what we are seeing right now from the gap. after just over six months of new management this company's looking stronger than it has in ages. after languishing for years the gap brought in richard dixon, formerly of mattel, as its new ceo. he took over in august and by november he already delivered a much better than expected quarter. at the seam time we weren't sure how much it came down to new management. now gap reported again. company earned 49 cents a share. analysts looking for 23 cents. along with higher than expected revenue and flat same store sales wall street -- i love the gross margin story too. the stock was up 88% since dixon took over and now it's moving higher in after hours trading. how the heck could he pull it off? we've got to know more about this story. let's take a closer look with richard dixon. he's the new ceo of the gap. find out more about the quarter and what comes next. mr. dixon, congrats on the quarter and welcome to "mad money." >> thank you, jim. it's good to be here. >> well, i've got to tell you,

your reputation precedes you. mattel loves you. i knew the guys at jones. they thought you did a great job. i want to say from your first conference call you seem to be enjoying yourself in a job where i have to tell you other people felt they were toiling at a factory. >> come on, it's fashion. fashion is fun. it's entertainment. we mean so much in the world. our brands are recognized around the world. it's a storied company. it's an incredible opportunity. and i'm having a lot of fun. >> now, you're starting off correctly i think with your priorities. maintaining and delivering financial and operation rigor because that's what i was most worried about. i was afraid to recommend the stock because i thought who knows, maybe the cash disappears. you went the other way. that was your first. before you even got to energizing culture and strengthening platform and taking the brands better. >> look, the quarter shows the results of that. we exceeded expectations. both top line and bottom line. we gained market share. and all of this has been driven by the strength in our two

largest brands. but the efforts we're making in operational and financial rigor. that's what's showing up in the numbers. we expanded our gross margin by 530 basis points, operating margin by 570 points, our inventory is down 16% versus last year. so we're starting 2024 with a great inventory composition and new energy. we closed the year on strong financial footing. we're just under 2 billion in cash on the balance sheet. and we're entering with renewed energy on the reinvigoration of our brands. but we're going to continue to operate with discipline against strategic priorities, operational and financial rigor, and that's what's going to enable us to really reinvigorate this incredible portfolio. >> i think that helps you get someone like zac posen. when i mentioned zac posen's with gap the first thing people say to me is give me a break. then they say hold it, just a second, i saw the ads, i like the look. you're attracting people that maybe the old people couldn't attract. >> listen, this company is a

magnet for talent. these are legendary brands. and zac posen is one of america's most celebrated designers. zac's creative expertise, his cultural clarity, it's consistently evolved american fashion. and as he gets more immersed in the business his influence will be considered really carefully and the continuity of our brand reinvigoration will be a lot about creativity, design and cultural relevance. we are thrilled with zac. and there's lots of incredible talent at this company just being unlocked and incredibly excited about the future. >> when you say you're taking share, say, for gap, who is it coming from? you don't have to necessarily pick out a company. but i'm trying to figure out -- in the old days one of your ceos said we've got great data, so we're going to take share from xyz. it never happened because the data didn't -- data wasn't fun. it's great to have but it wasn't fun. you're winning from some people -- places that have lost their way. because it's really remarkable the share take here.

>> look, i think gap is a great story to spend a little time on. we've been reigniting this brand and drawing on what the brand was so special in the first place, really taking on-trend products and amplifying it in new ways that only gap can. we're using music. we're using fashion as entertainment. and we're taking basic product, linen, denim, wovens, pants, and we're amplifying the narrative around these categories and driving share growth. ultimately kids and baby, it's an incredible category for us. underrated in the context of its recognition. and we have incredible strength. old navy is the number one kids' and baby brand in the u.s. gap inc. owns nearly 9% of the market. we've got incredible proven capabilities that resonate in this category and others, and it's our opportunity to continue to accelerate, becoming an even more important player in this segment, denim, active. we've got enormous opportunity with our capabilities. >> those are so huge that you

can't even bother i guess to focus right now. i know you've got -- banana republic. i was at your story outside of bethlehem and it was gorgeous. everything was gorgeous. the prices were good. the people who worked there were fine. i did a major shop there. and yet at the same time i know you're not even really starting it yet. you could make that into one hell of a brand. >> i love it i'm glad you're a fan. it is a great brand. it's also by the way a sizable brand. this is nearly $2 billion with scale. it's got a competitive footprint that represents a particular opportunity within our portfolio. broad-based consumer in the premium space but really valuing style, luxury fabrics at great prices. the look of the brand, as you see, it can take you from adventure, travel, office, evening out. the brand's aesthetic as we've dialed this up, it's headed in the right direction. it's going to take some time to re-establish the brand's momentum, the team that we have

is working really hard to strengthen the fundamentals. as i've said many times internally, retail is detail, and we need to drive more consistent results, strengthening the fundamentals. but it is a great brand waiting to be unlocked for the future. >> i made a mistake recently, richard, for one of my wife's 52 birthdays she's had in the last year. i went to this site shein. and it is temu. i think they're sending me everything to flood the zone. are these a problem? we're back in the landfillville. gap is a much higher brand but these guys have price points that are ridiculous. >> look, the apparel industry is a competitive one. it's cutthroat. we have iconic brands. and we have a strong store footprint with the number two e-commerce platform, apparel business in the country. we have incredible heritage. we have a tremendous opportunity by ourselves to reinvigorate these brands.

we react to trends quickly but we're not fast fashion. there are commitments to deliver style, quality and value. and as a house of iconic brands we take great pride in the trust that we build with customers who come to us for value and our values. >> all right. but let's -- >> we have a legacy -- >> i'm sorry, go ahead. finish up. i'm sorry. >> i was going to say we have a legacy at gap of creating positive impact in the communities that we operate in. not just what we do, jim, but how we do it. we take great pride in our purpose. >> i'm a believer. what can i tell you? i saw in that last conference, you are real. richard dickson, president and ceo of gap. richard, thank you for coming on what is definitely a major turn r a storied group of stores that we all want to win. "mad money's" back avenue the break.

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it is time! it's time for the "lightning round" on cramer's "mad money." play until this sound and then the "lightning round" is over. are you ready, skee-daddy? time for the "lightning round" on cramer's -- let's start with duval in california. duval! >> caller: hey, jim. boo-yah from sunny california. how are you? >> i'm good. how about you? >> caller: doing good. first-time caller but i've been listening to you. thank you for sharing all the wisdom. >> thank you. thank you very much. >> caller: my question today is about a social media management firm, market cap about 3.3 billion. revenue last year, q4 was up 34% from the prior quarter. and it's sbt.

crowd social. >> i have to look at that company. the stock is not making money. because the company has not made money i've said no but that doesn't mean i should be totally closed minded. let me given it more work. let's go to joanna in california. joanna. >> caller: hello. >> hi, it's jim. what's up? >> caller: oh, hi, jim! boo-yah! thanks for taking my call. >> of course. >> caller: so by the way, my boyfriend is an avid fan of yours for years and made me fascinated about your show. so what do you think about mankind? is it a buy -- >> it's one of those that's just been hanging out there forever, is finally starting to look like it's going to have an earnings breakout but i'm one of those people who's jaundiced about it. i've got to wait to see if they can come up with something. i just can't go in and say looking better. i'm not going to go there.

edwin in georgia. edwin. >> caller: 21 years listening to you and a big boo-yah to you. >> oh, fantastic. thank you for watching. what's going on? >> caller: i've got a question about wyatt platform. how do you feel about buying that or getting in at -- >> if i want a bitcoin miner i'd rather just own bitcoin. or the ethereum etf that's going to be coming. either one is superior. let's go to jeffrey in massachusetts. >> caller: how are you doing, jim? >> i'm doing good. how about you, jeffrey? >> caller: do we wait for a drift? >> i've been doing a lot of work on dutch bros. they had this big offering and the price held. the stock did not break down. that said to me that maybe dutch bros is finally turning. they overexpanded. i was upset they did that because it's such a good brand. they seem to have gotten a little more religion, they're slowing things down and that's going to make it so it's a stock to own. i need to go to bill in california. >> caller: hey, good morning or

afternoon. >> hey, bill, what's up? >> caller: not much, jimmy. i'm looking at the name transocean. >> too down and out. i've been around the -- i've just been around the oil patch too long to know that if you're going to buy anybody in that space you're going to have to buy s.l.b., the old schlumberger or halliburton or nobody. and that's really simple as it comes. how about craig in florida? craig. >> caller: kraig in the sunshine state. good evening, sir. >> how are you? in the southland. what's happening? >> caller: jim, this is the third time i'm calling in about this name in the last year and a half. i know how you feel about it and the ceo. and at this point none of us are interested in how it went from 4 to 8 inside of a year anymore. we're tired of hearing how great this company's doing and it's never traileded over -- even in this raging bull market. 25 years of investing i've never seen a growth story so strong and a stock so weak. i'm asking you on behalf of a very large community of

committed fed up retail shareholders who have just about had it, can we please get mr. nogo on your show to reinspire his bullish sofi shareholders? >> sofi. okay. what happened is this stock ran and it did this 1 1/4 convertible senior note and it crushed the stock. i don't blame the people wanting to have that money at that price, but that's what hurt it, sir. and i still believe. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: the "lightning round" is sponsored by charles schwab. the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab. so this is pickleball? it's basically tennis for babies, but for adults.

it should be called wiffle tennis. pickle! yeah, aw! whoo! ♪♪ these guys are intense. we got nothing to worry about. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? got him. good game. thanks for coming to our clinic, first one's free. [ragtime piano plays] the adversaries are back! [gasps] ugh. sheriff, i got this. protecting your business from cyber attacks can be unrelenting. today's adversaries move fast. crowdstrike moves faster. crowdstrike. we stop breaches. only at vanguard you're more than just an investor you're an owner. that means your priorities are ours too. our retirement tools and advice can help you leave a legacy for the ones you love. that's the value of ownership.

horse races are a given in this business. ♪ but you can't get too caught up in the racetrack if you're trying to make big money. this morning we learned that novo nordisk the giant danish farnlsical company may have passed eli lilly in a race to develop a pill version of the revolutionary weight loss drugs. right now these glp-1s are all injections. lilly's working on a pill too.

and this pill caused patients to lose 7 to 8% of their body weight after 12 weeks. not bad. not as strong as the injectable version but a major advance for someone who doesn't want to take i ashot every week. today, though we found out novo nordisk's pill amasetrin is superior with an average of 13.1% weight loss. not bad, huh? and so far it's been safe and well tolerated. of course it will be several years before either of these pills reach the market. more important, though, armchair students of this horse race know lilly's been really tight-lipped about what it's working on but i have to believe they're not far away from a pill that can offer similar levels of weight loss. still there's an obvious question, we own lilly for the charitable trust, why not sell it and swap it for nove o. nordisk after the news? there's room for both companies. second, what may matter the most right now isn't necessarily the actual particulars of the drug as the production capacity to make it. lilly has doper pockets than

novo and is pouring the money into factories around the world to meet demand. third, doctors writing prescriptions foor these glp-1 drugs seem agnostic about the shots. they treat them as interchangeable. you just try to get what's available. the novo pill might be the holy grail, something far superior to what lilly has in the works. but the odds don't favor that. there's plenty of room for both companies but at the moment we want to own the company with the production capacity, unthe one that might have an ephemeral lead in the glp-1 pill development horse race. lilly's zepbound shot is considered to have better weight loss than novo's wegovy, also known as ozempic. doctors seem to treat them as interchangeable. we're supposed to swap out of novo and lilly? there are horse races all over the place. take cybersecurity, palo alto gave disappointing guidance versus crowdstrike last night which sent its stock into the stratosphere yesterday. palo alto's nakesh has taken a

firewall company partially through acquisitions transformed it into something that can give customers a soup to nuts cybersecurity offering. meanwhile george kurtz from crowdstrike says his technology is best in class while offering a lower cost of ownership and a seamless installation. palo alto's platformizing making sure all yurp security bases are covered. is crowdstrike ahead of palo alto right now? the stock says absolutely. crowdstrike's been the better bet in recent months. but the cybersecurity world is colossal with more hackers than we ever imaginaged a few years ago and palo alto can come back with something competitive to what crowdstrike's offering right now. they're both run by very smart people. they both can pivot and make changes. is the old firewall business that palo alto was built on in steep decline? it sure seems like it. however -- do i wish we owned crowdstrike instead of palo alto for the charitable trust right now? of course. but only for this past month. for the past three years palo alto's up -- crowdstrike's only up 80%. you need to stay up on these

horse race situations but resist the urge to believe one contender can pull away from the competition for good right now the jockey is just as important as the coach. george kurtz and nakesh aurora both great ceos and this industry's big enough for the both of them. i like to say there's always a m mbubullllarket somewhere i p to try to find it just for right now on last call, can't stop won't stop. the market makes him the record. three very big names could be signaling even more gains to come. a strange market dynamic that could push shares of nvidia above 1000 in just two weeks. the wheel coming off, really. breaking developments around a new mishap on a boeing jet. nothing to see here, the economic milestone you likely won't hear about on the state of the union. new ev's are unveiled but there is something buried