really >> just the beginning. >> he said, we have bigger fish to fry she's so spot on >> i try >> pinterest gets caught up in this wave, as well >> all right, thank you for watching "fast money." "mad money" with jim cramer starts right now my mission is simple, to make you money. i am here to level the playing field for all investors. there is 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. i'm just trying to save you a little money. my job is not just to entertain but to put everything in context so call me.

to anyone who still insists this market is just about amazon, alphabet, medic, nvidia -- i urge you, think again. we have so many winners right now it's insane. when the market opened up, then close down, dow dropping 31 points, you want losers? well, the magnificent seven. apple is down 12% for the year. tesla is down 27% making it the worst performer in the entire s& p 500 but all sorts of other stocks were flying. i'm not just talking about the new trunk media technology group. this actually even worry me. they seem like main stocks, predatory buyers.

i know the myriad bears don't want to hear this. sometimes it feels like i'm walking down jelly stone national park, not wall street out here but look out. this really does have legs, even if you are down on the nasdaq. we are getting more companies involved. some of the strength comes at the expense of the mega camps but here is an idea. let's go over the top dozen performers because rather than a magnificent seven is more like a dirty dozen. the best performer, a company called supermicro. this is not the end of nvidia. you could argue supermicro counts as a mega cap pin action stock. that's not fair. this company provides the racks in the data centers, more of a pick and shovel story for the cloud than artificial intelligence. it is more than an offshoot of nvidia and it's gettable. speaking of nvidia, it is the second best performing company

for the year. remember, it opened up then went down. one day thou does not a sellout make. i'm just trying to make a point about what is been working be on the stock of nvidia. number three, independent power booster constellation energy which has a huge focus on nuclear energy. that is up more than 58% for the year. that's a utility, for heaven sakes. our nation is short on power so it's a good time to be in the electricity business, especially renewable nonfossil fuel with mega cap clients. number four again is amazing. it is dekkers. i remember years ago when deckers introduced hookah under its previous ceo but they never gave up. i guess now it's a real threat to nike.

you say tesla, i say deckers. number five is meta-platforms. what can i say, when you fire a lot of people in your revenues go higher, that is [ inaudible ] so meda is now printing money. six is micron, modern chipmaker. you could say it is all about the storage needed for our visual intelligence and that is true. that's a little more than ai, isn't it? beyond high-performance chips, micron is the broadest semiconductor play. then there is general electric. this one has been a nonstop stock. the best way to invest in the booming aerospace business given that boeing has had way too many problems. the remaining company is a pure

play on engine and in just service. this stock has been a monster performance in the new ceo is committed to the easy to understand pure play that he has committed and when the deal is finished next week i but it goes higher still. number eight is marathon petroleum, which is a refinery, of all things. marathon has 13 refineries. it is our nation's largest refinery system. it is the kind of stuck people want right now. not a cell phone company with chinese exposure even though i think that is shortsighted. you could argue that eli lilly is a mega cap but it's not one of the magnificent seven. it has been broadening for a while now thanks to this revolutionary drug for weight loss and diabetes. this is actually addressed by

larry fink, ceo of blackrock coming up in our interview momentarily. by the way, the strike is an extremely short supply all around the nation. and it is walt disney, which is finally roaring because the board of directors wants to find -- fight off techcheck -- nelson peltz. western digital has actually been a money loser of late but you want to be in the stock when it flips. it is like micron but with a weaker portfolio and finally once again, there is eaten, the online industrial that is focusing on the energy transition. we need the transition if we are going to be what larry fink calls pragmatic about our

energy. you want to manage your energy in a responsible way and that is what eaton allows you to do. that is what we will discuss from the investing club convenes tomorrow. you can say wait a second, there is too much tax. i could point out wells fargo or the retailers. more on those later. how about ralph lauren? then there is the run we got from mccormick today, the spice company. it joins hormel and general mills with an upside. that rallied more than 10%. food stocks, i thought you told me they were dead, jim cramer. no, i never said that. or, how about supposedly? right now their average store is doing a little over $3 million per year but typically is able to get that to 4 million. i can pick huge winners from energy. transportation,

utilities, aerospace not to mention other retailers, insurers. how about the autos? companies that cater to small and medium-sized businesses, these are all popping. in short, there are simply too many winners to name right now. it's just a very strong market and it is a rising tide. commentators are somehow afraid to celebrate the strength of this market. i understand that as someone who is happen to say something really positive then the next thing you know is a negative, leaving them stuck with a youtube video that makes them look like morons. no one wants to go out on a limb staying positive.

that's just business. there's no way they can say wow, this is great because they are too afraid. instead they just point out charts and let people draw their own conclusions but when you look at all the groups that are winning here, how can you not like this market, and like it much more if it goes lower, which at this moment, would be very much a gift, so you can do some buying. i want to go to yvonne he in connecticut. >> how are you doing, jim? i've been watching your show for a long time and i'm also a club member. >> thank you. fantastic. how can i help? >> in the industry's recent dip last week, what does lulu lemon's outlook look like? >> i am now beginning to believe that there are people who have figured out the formula and are coming after it. there is the new gap, re energized, and i just think let's just put it like this. the competition has heated. richard in california.

>> jim, thank you for taking my call. jim, the stock you mentioned is shake shack. i've been watching it for a while and noticed a jump on last quarterly earnings. i'm thinking of entering a serious position. i have an opinion and wondered if you could take a look and see if you have a buy or sell opinion. >> i tell you, it hasn't had a big move. we think rob lynch is a terrific ceo. i do think this stock needs a bit of a pullback because the sales are very high, but i like where you're going because i like the management. to anyone who is close is, i urge you to think again.

even if it goes lower, we've got so many winners right now it's kind of insane and i think if they come down, that is a chance to buy, not sell. on mad money tonight, blackrock ceo larry fink is out today where he starts a conversation about the long-term issues he thinks are important to you and i'm sitting down with him in a rare two-part interview and what to stay focused on including retirement. then, should investors take a gamble with stock at these levels? i think it's an amazing moment for retail so i'm giving three names i think represents straight for the cohort.

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very few things are really required for being in this business. definitely, the annual letter to shareholders from blackrock founder and ceo, larry fink. black rock is the world's largest asset manager so what

is behind the share? two topics, helping people save for retirement in a world that makes this very difficult and infrastructure, how capital markets can raise money to build and repair everything we need. given what has happened in baltimore this morning, it's hard not to see the need for new infrastructure. earlier, we had a chance to speak with larry fink, who is obsessed about trying to get younger generations to save money and invest it in our capital markets. they just are not doing much at all right now. take a look. >> this is perhaps the most important of your letters and i've read every one of them because frankly, you are laying it out. there is a generation of people who will never catch up unless they read this and understand that as a nation, we just don't [ inaudible ] >> look, i write about fear and hope. i think one of the major components of fear for so many people is how can they have financial independence but more importantly, for so many, how can you live your later years with dignity and decency, and we don't talk about the whole crisis of retirement, and this

is not just a u.s. phenomenon. this is a phenomenon worldwide now. last year, i traveled to 17 different countries and i've never had more broad conversations about the need to think about retirement, whether it is in a middle-class developing country or it is a very advanced, developed country. they are rethinking about how should we be thinking about retirement. in the coming years, we are going to be doubling the number of people over 65 years old, and we are not preparing society for that, and one of the big things for me was there is not a day that does not go by we don't talk about the miracles of drug discovery, especially when we talk about the weight loss drugs in the power of what they are doing, the miracles of what they are doing in terms of helping kidney disease and joint disease and heart disease

and diabetes. there are numerical's coming on related to dementia and slowing down the pathway for dementia. we are extending life. these are miracles. these are blessings. >> but these are younger people. they don't know how to invest. they are scared to invest. they are intimidated. they don't feel they have a penny and worst of all, they do have no hope and they tell you when they confront them that that is the realistic position, no hope, because our generation have reason to be hopeful and they don't. >> i don't think also the younger generation knows where and who to listen to. more of them are listening to some form of social media. they are not reading anything longform anymore. we were blessed that we had longform media, where we really learned about issues and more fundamental issues. but, even back three, four years ago we didn't talk about retirement. we never talked about things like retirement before, but now

we must. we have no choice. >> you know, they feel that they can't afford to retire. they will work till they die because they have no money. they have huge college tuition, and no one tells them how to put money away, and they would tell you how? what money? inflation has destroyed me. i'm 23 and inflation has already had the best of me. >> well, when you and i were young we actually had worse inflation than the young people do, too. we had much larger inflation so we are going to get by this, but we need to be thoughtful about how to build that process and i am bullish on these young people. they are smarter than we were at your age. they have more global understanding of the world. they can -- they're going to be put to work and find wonderful opportunities if they put their minds to it, if they have the energy behind that. >> but how the -- do they do

it? they feel disconnected. they don't want to put themselves in our shoes because our shoes are too big. they have no bootstraps. they've lost their trust in the country. >> i think the lack of trust in our country is one of the huge issues of today because they don't know where and who to listen to and i really do believe we, as leaders, you in your role, my role, we have the larger responsibility of speaking the truth with facts, with consistency, and i think this is what my letter is doing, talking about some of the big issues we are afraid to talk about. i am an optimist. >> yes, you and i both are optimists. >> i am an optimist because we talk about many of the problems. you read the front page every day and it is full of many of the problems. however, what people don't realize is if we talk about these problems, we generally mitigate them. in fact, most times the problems never get as severe as

we think. the most times when we never talk about these problems, the problems get worse. to me, that is one of the focus in retirement. we don't talk about it. it's not today's problems. it's not about the moment. building a nest egg for retirement takes 30, 40 years so i understand a lot of young people don't even have the money to live a proper life but there are many working in fine organizations, fine companies and we all have that responsibility to help them down that path. >> one of the reasons i really love this letter as it is filled with optimism. you genuinely believe we can go out of our problem, and you actually provide a solution. we have millions of jobs in our country created by being pragmatic about energy. i thought it was terrific. >> right. this is afraid i have heard --

phrase i've heard across the world. we have to decolonize and make energy at afford and -- an affordable level. this energy pragmatism that i have heard worldwide, but what i'm hearing from so many countries, there aggressively to carbon icing but at the same time, if they are growing at 8% like in india, there still using coal and they must use coal because they don't want to be dependent on opec. they are growing their economy with more and more investments in energy, with decarbonization. that is the future. that is why i am talking about infrastructure. we need more public private capital put to work so government can be spending more money on other issues. >> there is a belief that with no cross coming down, with food being so expensive, with college tuition leaving a lot

of debt, it is almost foolish to try to save. this is their view, because how are they supposed to pay rent if they are saving? >> look, life is full of trade offs. we all have trade-offs, and if you don't have enough for rent, obviously you're not going to save for retirement. but, there are many people who are renting and having a role in a job that are ultimately through their work, they are able to build some form of nest egg and the key is putting that money to work. it is not keeping money in a bank account. it is about the compounding of a return and building retirement over a long horizon. >> but, how do we make it so that retirement investing is more automatic? >> good question. 57 million americans do not even have retirement. >> are they can work till the die, larry? >> unfortunately, they have --

but here is the blessing. i just said we are all going to live longer. that is a massive blessing. most people in this country do not have backbreaking jobs like we had 200 years ago. what is wrong about working longer? we have to change our psyche. first of all, every human being needs a purpose, and most people find purpose in their job, and their family, and it is a balancing act. everything is a balancing act. i do really believe that investing allows people that platform, that background to grow, and to have the ability to have money when you stop working to live with dignity and decency. >> how do we convince them like we were convinced by our parents? we are going to make more than they did? i knew from day one, my father said you will make more than i do and that is what is going to happen to you and i had that every thanksgiving. you are going to make more than i do.

no kid i know thinks they are going to make anywhere near what our generation did. >> i am more bullish on that, jim. you know, there is so much room for innovation. at the same time, we wereat a lucky part. we were in the lucky era and, but we were in a lucky era because we have the foundation of growth as an economy, and that's why i'm calling -- we need to be thinking about not cutbacks. we need to be thinking about how do we grow, how do we build? if we start building out our infrastructure and start working on digitization and decarbonization, we are going to create a lot of jobs and wages are going up. this is why i've been talking about higher inflation for longer, and i still believe we are going to have higher inflation than most people believe in much of that is going to help those who are worried. i mean, wage inflation is continuing.

food inflation has moderated in the last six or 12 months, but we did not account for how much inflation we had in late 22 and early 23. if you add up food inflation, if you add up the way you measure inflation back in the 80s, it actually was close to 12% for the average person. >> bore -- more with blackrock chairman larry fink coming up.

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when you get a chance to speak with larry fink about some of the most important topics in finance, you've got to stretch that conversation as long as you can. take a look at my very wide ranging in optimistic conversation with blackrock ceo, larry fink. let's go over the social media thing you started with. there are a lot of people who think the system is rigged against them. i never felt the system was rigged. i never felt there was a system. >> i don't think the system is rigged against anybody. it's not personal.

i don't think the system is rigged but i believe the problem is we don't know who to listen to. we have such extreme views. you know, we are not basing everything on facts anymore. we are basing it on opinions, even newspapers are more opinion papers now than news. we have to get back to the facts. we've got to build dignity and decency again. we've got to believe in each other again. i mean, one of the things that my parents taught me and i'm sure your parents taught you is you've got to believe in yourself. it starts with you. you know, i believed in myself. not just that i could earn more money than my parents. actually, i never thought about it in that frame but i believed in myself that i have a real chance of doing something, and i do believe you know, i see more young kids who are joining blackrock. they believe in themselves. they believe they have a future and i don't think it is as stark as how you are framing it but there is a large component

of society that is saying exactly what you said. >> can we teach it? i'm and i felt like i was doing something for 19 years with mad money. i finish your letter i don't think i've done anything. >> my letter is really about optimism in the pathway to move forward and i do believe we all need to be focused on a pathway to make more people have hope. when more people have hope and less fear, then everything you are framing, we need to have pathways that create more hope and more certainty. >> right now people believe the deficit is too big. how about if they bought shares in an infrastructure fund, which is trying to combat the way that our country does business? >> there are many great opportunities. i'm a big believer in infrastructure. >> airports are obviously public private partnerships. this is what we are talking about in the money that they

can charge to do it is high, and that gives us a chance to invest in something that is more than just a bank account. >> and you witness when the private hands are involved in these airports, the quality of services better. smaller lines, you know, just a better -- there is more money going into fixing it up to make it a great service. >> right, and i'm talking about the global infrastructures partners buy, because we all think the government doesn't work and yet, here we are in the london airport in the government did work. >> they sold it. >> that was terrific. this is part of the energy pragmatism. we can let these companies drill. >> that is why we are partners with occidental petroleum. the largest direction or

capture in the world i said that in my letter. we must work with these energy companies, not against. here we are black-market becoming one of the largest companies in investing decarbonization. >> we've owned over $180 billion in traditional energy companies. i mean, we are working with them, with one or two other projects with traditional energy companies both on nontraditional energies and new opportunities and i do believe it would be great opportunities for investing. then you want to intersect ai, you intersect ai in the power of information and data. >> we don't want to go to stanford with ai. >> coding is in english now.

we are going to be democratizing information and that is going to empower more people to have more opportunity but more importantly, we are going to need huge sums of money to invest in these data centers. >> yes, we do. >> if we are going to be the leader and when i've talked to every other country, every other country wants to be a leader in ai and they are going to be investing in this and building data centers. in every data center, people want the carbonized technology, wind or solar, so we are seeing this life. >> i show my daughter is about to be 30 she is going through

the letters and she takes her phone out and she takes a picture of it. i said what are you taking a picture of and she goes i'm taking a picture of the total return since blackrock's ipo. she said this is what you need to show people, dad. you've got to show people that they can make far more money than they think. >> this is why i have always been against people keeping all their money in a bank account because you know, in every country i've done that chart almost in every current almost every country, including japan, you do better owning equities and keeping your money in a bank account over the last 30 years. >> this is a picture that speaks $100,000. you can -- we can get this word out. you, me, others who feel the same way you do about capitalism. we can get the word out. >> think about if you want companies were heavily into ai or you invest in companies who are creating these new drugs for weight reduction or companies that touch everybody like lemon or chipotle. these stocks have done unbelievable. >> people must read this letter in order to be optimistic enough. we think

(grunting) at morgan stanley, old school hard work meets bold new thinking. (laughter) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities -- we thank chairman and ceo of blackrock. larry, your best one. >> thank you.

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when we've got a strong market like this one sometimes it pays to not overthink it. tonight we are going off the charts with the help of down pit -- fitzpatrick, host of his own podcast, the fit factor. remember back in late january, fitzpatrick pounded the table at nvidia and supermicro, two obvious winners and know they are both dramatically higher.

now, fitzpatrick is ready to pound on one i did not want to pound on. he's ready to pound the table on draftkings, the online betting platform that has shown no signs of slowing down. this is actually turning a sizable profit this year. fitzpatrick knows this is been outperforming 96% of all listed stocks, putting in the top 4% and when he looks at the charts, he sees strong signs of institutional buying. still, big money managers have anointed draftkings as a winner and they keep buying on the way up for quite some time. what gives him that impression? first take a look at the weekly chart of draftkings. the stock is in an up trending

40 week moving average and 10 week moving average. both long-term and short-term trajectories are strong. back in 2022 so let's go back here, draftkings printed a double bottom reversal pattern and since then it's been pretty much an unstoppable double pattern reverse. the stock is into its 10 week moving averages with the shorter-term 10 week which is in red crossing over the long- term right here, the longer- term 40 week. this is what technicians call a bullish crossover. that marked the beginning of an uptrend, when that is still chugging along just fine. if you extend the 40 week moving average out, he thinks that is that moving line for draftkings as long as the stock continues to hold above this key moving average, fitzpatrick thinks the stock should be able to continue marching higher. of course if it breaks down

below the 40 week moving average, then he says all bets are off and you should be taking profits. understand that is the way tacticians think. fitz is confident that draftkings can keep marching higher. when a money manager with deep pockets decides to build a position in the stock, thereby and could be almost endless. check out the volume bars down at the bottom. over the past several months, fitzpatrick noticed the tallest volume bars are all green. i know it's difficult to see the green but look at that piece for instance. during pullbacks, the red buying bars are much shorter. this kind of buying pattern is the hallmark of institutional buying and that is very good for anyone who wants draftkings. let's zoom in on the daily chart. you can see a bunch of things going on here. first, throughout the uptrend,

fitzpatrick notes that the stocks had multiple big breakdowns below its moving average. that is the floor for him. typically, a breakdown below the 50 day would be a sign of trouble. however, we drill down on these three periods when the 50 day did not hold their all relative to week five so it you have to measure the volume. if it is low then it tells you it is not a true decline, not when you want to take action on so for fitzpatrick this means that every time the chart starts getting ugly, so we cans got shaken out but sure enough, each time the stock went down, it came back above its 50 day moving average. the spike in volume shows you the real market, what is really going on. that is what we saw with the chart, lots of institutional buying. was the chart evaporates, buyers come in with lots more power. from february through mid-march

the stock was trading sideways. they were making a series of lower highs and hiding -- higher nose with -- lowe's with a pinching dynamic where low volatility stocks end up being primed for big breakouts and that is what happens. it is like a bunch of buyers suddenly realize that march madness was upon us. what can i say? the moment the ncaa tournament started, draftkings caught fire. it makes sense. at this point,it's a little bit overextended but the 50 day

moving average, which is the first real floor of support, remember, that is why fitzpatrick recommends maybe being patient, maybe waiting for a bit of a pullback. right now the stock is at $48 in change while the 50 day moving average the sender just 52 -- $52. maybe you want to see if you can get a better entry point. if it breaks down below the 50 day moving average, fitzpatrick says yes, be ready to bolt. i like draftkings. here's the bottom line. even though draftkings has already given us some incredible gains, the stock could have a lot more room to run. that said, wait until it cools off before you buy. you know what? i like march madness. i think he's going to be right. >> coming up, hit us with your best shot. and electrified fast fire lightning round is next.

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it's time for the lightning round. let's start with david in tennessee. >> hi, i want to thank you for doing what you are doing in giving information to people because we know information is power in the market. >> i actually want earnings leverage right now which is like people in iowa like wells fargo and morgan stanley.

turn into investing club tomorrow afternoon when i talk about that concept. >> hi, jim. what is your outlook for visa? >> i like visa here. i like the settlement that was announced today. i think it's going to clear their heads a little bit. this stock is too close to its all-time high. if it comes in a little, i would be a buyer. rich in colorado. >> hey, jim. thanks for taking my call. we think joining the club is the smartest financing decision we've ever made. >> thank you. what have we got? >> i wanted your opinion on huntington ingalls industry. >> this is a good navy contractor that has had a good run but i think it can go

higher. it's a winner, not a loser. how about we get a gary in north carolina. >> i want to tell you i run across a stock that i really like, a small-cap calledchart industries. symbol is gtls. >> you know what? this is a company we on for a long time. it's absolutely terrific. you are onto a good one. very good for industrial gases. let's go to robin new jersey. >> my kids are interested in stocks. i'm looking at ae come. the last five years it's had great appreciation and growth, but revenue is down. do you see the stock continuing to reside in the house of pleasure? >>they can make a lot of

money. that is why you have that. they're a very shrewd selector of business. that said, the stock is at its high. we are not going to buy stocks that close to their hive when the market looks soggy like it does now. we wanted to come in a little more before we buy. and that concludes the lightning round. >> lightning round is sponsored by charles schwab. coming up, these three retailers have tackled the doubting thomas's. can the bagger return for your portfolio? stick with cramer. trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, 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. rylee! from rylee's realty! hi! this listing sounds incredible.

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i keep hearing about how the consumer is weakening and there is real trouble brewing under the surface in retail but i've seen some -- i've never

seen so many retailers doing so well all at once. sure there are some retailers struggling. aside from that, it's an amazing moment for the industry. costco is delivering insane numbers at a time when everyone is supposed to be so cash- strapped. they have the lowest prices and they are doing a gigantic amount of business per store. third, target has still got it plus there stock is substantially cheaper than target. -- walmart. almost everyone i know gave up on the gap years ago when old navy slowed in their flagship, gap, vanished as a factor in retail. no more. under ceo richard dixon there is a giant turnaround going on for old navy and gap. how did they do it? the old-fashioned way, better merchandising. dixie spent a ton of time on

brand reinvigoration. he is executing at a super high level, expanding by 530 basis points. gap was built on strong product narratives with brilliant marketing. of course, gap has been through so many ceos that you think oh, same old promises but the stock is up 33% this year and that tells a better story than anything i could say. how about williams-sonoma, this ceo has the chain firing on all cylinders. the gross margin expansion from sheer execution has been too great, the earnings magnificent. goldman and morgan stanley both thought the margin improvement would flatten out so when that both happened they had no choice. a combination of great merge in icing and -- merchandising and

e-business first strategy has the stock up. finally, let's talk dick's sporting goods. right now, nike is hurting. under the incredibly underrated lauren hobart, the company has delivered a merchandise margin explosion, more than 300 basis points picked up over the pre- pandemic 2019 level. nike getting trashed? no problem. plus this new format is laying waste to the estimates. they did 2.8% growth. that's a gigantic surprise and that is how this stock has rallied for the year. i present these three notches because they are performing at an ultrahigh level but because the analyst almost universally disliked these three stocks. people just did not see these

numbers coming. they were so caught up with the fed in the business cycle that they forgot the big picture. retail is about having the right amount of exciting merchandise, just enough inventory,