it's fine. >> this is going to be a feisty set, tim >> yes >> krischris kreider, huge "fas money" man >> wednesday night, baby we'll be there >> do you have a final trade >> rig >> all right thank you for watching "fast money. see you back here tomorwith jim 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 make friends. i'm just trying to make you some money. my job isn't just to entertain but to teach you s call me at 1-800-743-cnbc. or tweet me @jimcramer. i took the dow 40,000 in my hand, i had it right there and noticed the bill, the writing, couldn't be a finer basketball

cap then i put it down not on my head but on the desk of my day job on "jacsquawk on the street" i wouldn't put it on was i concerned about a jinx the dow dipped and the nasdaq gained 0.65% led by the semis. i don't think not wearing the hat was about a jinx but something more pernicious, frankly. back in the '80s and '90s we celebrated each millennial milestone on the way up. they were hard fought and sometimes they were trapped when the dow was stuck in the 2000s from july of '87 to january of 1992, a crash like we had in october can do that sort of thing. other times we breeze through the milestones lost some hats, beautiful days then came the turn of the millennium and while the dow held in there the 77% collapse of the nasdaq was too much for people to handle

a whole generation of investors vanished many never came back those that did came back, they got crushed by the great recession when those round numbers reversed and reversed hard and cut by more than half at the bottom. that's when i gave up on the hat. what good was it when the dow is at 7000. it did get that gloomy before march of 2009. i'm beginning to rethink my negativity about the hat what is so bad about celebrating the immense wealth creation? granted i know the dow isn't as representative as the 500 but it still resonates. why embrace the hat? first, it has been almost 20 years since the great recession. that decline was bruising because we had what was known as systemic risk, being the entire economic system was in jeopardy. as i survey the landscape here, i just don't see anything like that happening now, you could argue that we didn't see it the other time either, but au contraire, a lot saw it coming. i was screaming about the danger

>> they know nothing >> back in december of 2007 for heaven's sake. that was so long ago that two new generations, millennial and gen-z may have forgotten it. you know, some of these guy, gen-x. maybe it's ancient history, however, these are meme who for the most part still have a very negative view of the stock market in their financial future i think they want to make money in it but they don't know how. maybe they need to be lured back in by being a little more positive. that's really the issue. we, my generation, the baby boomers have closed the door we're often pictured as the last generation who believe we have it better than our parents i wonder if not showing interest in dow 40000 many i doing my job? maybe i should demonstrate conf competence there are 30 stocks in the dow the winners are not last 10,000 points is a fight, american express, caterpillar, merck. before the top five stocks

jpmorgan where jamie dimon told me succession is well under way is 8 it's not five years anymore and limit buybacks and high prices caused that stock to tumble $9 or 4.5% today. what matters to me, though, is that dow 40000 was a team effort not just tech, the biggest worry surrounding this market, it's been led by a handful of tech stocks, but this workhorse venerable index is truly diversified enough to show you many areas of the economy are still doing well these stocks should have been hurt by the fed's 11 straight rate hikes they should have been crushed. they should have been annihilated by supply chain problems none of that happened. again, maybe give me the dow 40,000 hat third is the biggest issue what the heck is the matter with celebrating when stocks go up? don't we want to make money? don't i want you to make money we have so much negativity that surrounds us we're drowning in it all of a sudden something

positive falls into our lap, a major milestone has passed does it make sense to scoff at it 42 years ago with it hovering the 1080 and started my lifelong obsession and i was surrounded by people who told me i was out of my mind for want tock recommend stocks and had people tell me i would crush everyone when the market was a giant joke when i got my chance to do so, what happened, i was in there with words of caution with people who knew a heck of a lot more than i and saw recession and didn't buy into ronald reagan's uplifting act so what happens? first the dow drops back to 777 since 1982 i applied to work at goldman sachs because i thought i would be right and i was one of two who got hired when the dow was back over 1000 and felt i was in jellystone national mark bears on tech, bears on finance. bears on i boo, bears on the government

nary a bull in sight but the stock market, well, it left those people behind. except for a couple of times when the bears were in charge you got to admit when you get a run from 1,000 to 40,000 there's a little celebration but are we supposed to be as underconfident and negative as when the dow was at 1000 should we be skeptical do we believe in nothing certainly not the idea the stocks deserve to be at these levels that they should be much lower, that the brights aren't real, no benefit of the doubt for the bulls. we do need to acknowledge the reality however temporarily they got to these levels they're just higher than they used to be because the companies of these stocks represent are doing so well that they can make you a ton of money if you sell some of these stocks right here and want to take profit, you can. you are note going to knock these down the prices are the prices. so maybe bring me one of those

hats i'll wear it proudly for what the dow has accomplished, not what it will accomplish. we went from 1,000 to 40,000 i can bear witness sure, we can go down we went from 1,077 when i got started. i could have tossed the dow 1,000 hat and become a lawyer. i didn't great call here's the bottom line, i'm not asking for noisemakers or champagne, but a baseball cap with the dow 40,000 on it, that's where we were supposed to be if i listened to my bearish bettors 40 odd years ago furnishes out -- >> they know nothing. >> miller in colorado. miller. >> caller: hey, how is it going today, this is miller from denver, boo-yah. how are you doing? >> i'm doing well. what's happening >> caller: i'm doing well. first time on the show i wanted to ask you about alibaba's stock. it had evaluation for quite some years now -- precash flow is improving. wanted to get your thoughts on the stock and risk investors should be aware of. >> i was talking to my buddy dave tepper who has a huge pox,

one of my thousand bosses i had at goldman we both admit, one of the cheapest -- it is the cheapest stock in the world if you can stomach owning a stock that is from china, buy it it's what i have to say and buy some more if it goes down. to tom in california tom. >> caller: boo-yah, jim. >> boo-yah, tom. >> caller: i appreciate the tutelage over the year. >> thank you. >> caller: my question is tesla, buy, sell, or hold >> great question. it's what i call a down stock. there's the preponderance -- people come in and do want to sell it. i don't want to bet against this stock down here at 174 but would buy it in scale. that would mean buying the same at 100 25 here and 25 at 150, 25, 125 and 100 at 25 -- and then 25 at 100. that's the only way to recommend it it is a falling knife right now. anne in indiana. >> caller: i'm a grateful club member. >> thank you. >> caller: thank you for everything. >> i hope you liked the piece

this weekend about, yes, nvidia. >> caller: yes, but i'm still back on the piece, you know, about cutting your losses or battling a stock was world class. ah >> anyway, thank you for that. >> caller: constellation energy. you do the piece, then i hear, you know, it's like there's dow's jim fitterling and heard on the piece street, "wall street journal," yada, yada, yada what about starting a position >> i'm for it. we've done another work with ceg and joe dominguez to recognize this is the power company, all the hyperscalers want, it is the cleanest power, nuclear power and i think it can be bought let's go to paul in florida. paul >> caller: boo-yah, sir jim. >> yes. >> caller: this is paul from florida, and we've been listening since 2002, so our

question is this, what are your thoughts on monday.com, symbol mndy, and have you looked at the options? >> well, i know a lot of people feel it's going to get a takeover bid i can't acknowledge anything -- i don't know anything about a takeover bid but know this monday is a very good salesforce.com -- mini salesforce.com maybe a junior salesforce.com is the way to put it and they're very smart people. i would not bet against them okay maybe have to bring me a hat, dow 40,000 i'll wear it proudly for what the dow has accomplished i don't know what it will do in the future but i do believe we must have faith. it's the right call. on "mad max" tonight, contour brands has been outwearing the apparel sector finding out what is make the parent company fly off the shelves.

then all aboard norwegian crusie lines. i have the ceo to see if their latest quarter will go higher. and palo alto sitting down with a boss to see, well, it looks like, let's just say, another tough day. stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on x have a question, tweet cramer, # #madmentions send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com.

>> no application fee if you apply by may 31 at university of maryland global campus, offering online and hybrid courses and lifetime career services. learn about our more than 125 degrees

and certificates at umgc.edu. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire norman, bad news... matchii never graduatediption. from med school. what? -but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... i know... faster wifi and savings? ...i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc?

♪ is this is generally a tough time for the apparel face but

some companies are doing better than others. take contour brands, the denim specialist known for wragge ler and lee jeans. it's up 75% and while it stalled in the beginning of '24 they reported a great quarter at the beginning of the month and delivered an excellent beat and raised set of numbers that sent the stock up 8% in a single session and now it's 15% since the quarter. how are they doing it kontoor, their former parent company and spoke to scott baxter, chairman, president and ceo. take a look. >> tell me the journey through a pandemic, inflation, all of the above, we survived and thrived and we're doing well thanks for having us on today. >> of course, now, the wrangler and lee that i knew when i first met you and before, radical

change and it's on the gross margins which we care about on wall street but also utility the doors, the direct to consumer, these have all gotten very hot >> yeah, we've expanded our d to c business in a significant way and digital business was expanded in a significant way and expanded our categories. we're in the outdoor business now and grew our outdoor business in the last few years from 100 million to 200 million. in the t-shirt business. now we're our own company and have permission to do the things accretive to our balance scheidt. what we make, we pour into our company. >> i also want to point out from our point of view you pour into the dividend >> yeah. >> which is what our viewers like. >> took a nice dividend increase and buying some stock back so real pleased with how that's going. >> let's talk about the positioning of wrangler. those who follow country music have suddenly discovered your brand even though it's always been a great work brand. >> yeah, well, jim, i will tell you, we've been in the country

music business since 1947 when wrangler came out so it's been a brand that's been around forever but we are number one in denim, number one in bottom, number one in tops and hopefully you saw this week one of our star entertainers that's part of our portfolio, lainey wilson had an amazing night at the academy of country music awards winning female artist of the year and artist of the year so congratulations to lainey and have a collection with her in the fall where she helped us design it so we're really looking forward to that launch >> okay, now, this is the kind of thing i want to hear because i've always felt these are two solid brands, very undermanaged previously but i also want to just talk about sport and work i am an atg guy. but one of the reasons i am, you're cheaper than another brand called carhart but i think every bit as good if not better so you're doing something -- maybe it's the product genius, i don't know how you're getting there. i want people to know it. >> we're running a good business

with a really good team. we've just put our nose to the grindstone and work really hard but from an atg perspective, we think about it like this, that brand being attached to atg brings a lot of consumers into the marketplace and now they like us for that but we've always been known for being a great brand with incredible value. at a price point that every consumer can participate with us >> it's funny, the consumer these days, gen-x, gen-z, they go to google and look and you come in cheaper than everyone in the space, so you must be taking a lot of share. >> we've been taking share now for about eight quarters and we talk about it on our call lot so it's been very significant and we've been very pleased with it as you can imagine and got good channel partners and really passionate consumers, plus, some of the things we're doing around collaborations have been really successful. >> well, speak to me about that because that's something new too. >> yeah, so, for instance, we've got stout, our women's collaboration right now and did daydreamer and just kicked off

our new lee golf line. you know, we did some insight work now that we've gotten past our erp, so if i can give anybody any advice don't spin a company off and do an erp implementation at the same time then have a pandemic but we got through that so thousand we can think about our consumers much more intelligently and one thing we learned our male lee consumer overindexed to watching and playing golf so we kicked off that line that is doing well. >> let's talk go something that fell in your lap, what you're wearing. i know that you're not a fashion company. but denim has become the most fashionable theme in women's closets and in department stores. >> i can tell you this, one of the things that happened, you know, good and bad, some good came of that pandemic and that is everybody went casual, jim. you know, offices, buildings, you know, restaurants, weddings, it doesn't matter. people used to dress up a little more but now it's fashionable to wear denim we make a lot of great denim in a lot of different styles and designs and silhouettes so

catering to the customer and giving them what they want because our team is really listening. >> that's going to be cutting in, i think, to athleisure and i know you're not a denigrator of anybody. that's not your style at all but i will say one of the reasons i think the lululemon stock is coming down is what you bring to the party. >> our consumers like it and i think what's happening for us, we're hitting other channels and categories and that is how we've been successful and starting to operate better globally which has been important we've got a little time under our belt the pandemic is behind us a little bit i think you're starting to see what the company will look like post-pandemic and how it will operate post-pandemic. >> the analysts seem to be wondering what's going to happen to china i'm going to go there just because i know that i think your brand could resonate bigger than it has. >> we've done a nice job in china but we've hit a tough patch during the pandemic and coming out of that now, one of the most important things we have to do right now is refurbish our stores so we are making a capital investment right now as we speak in our

stores 600 must stores in greater china to go ahead and make sure we continue to resonate with that consumer there. >> okay, one last thing, in your conference call last you talked about green chutes but when i look at the numbers people might be concerned wait a second, the industry itself hasn't bounced back but the green chutes, isn't it happening? >> it's happening right now around our business. we're kicking off new products with a big second half planned from product introduction and our innovation and pipeline has been very strong it's been strong for years and we're not slowing down. >> i've got to tell you, i'm so impressed from the time i first met you and for the five years and what you've done, it's terrific scott baxter, president of kontoor brands one of my favorites. so glad to have you on the show. >> "mad max" will be right back. >> announcer: coming up, cruising for profit? why it's anchors awayeigh for te ship shape stock next

[crowd chanting] they ignored your potential, dissed your achievements, and mocked your ambition. but it's not the critic who counts, and you know that. from the beginning, you couldn't be stopped. ♪♪ breaking resistance with every swing and block. ♪♪ your game plan never changed. ♪♪

so enjoy this moment. ♪♪ the one they said you'd never live to see. ♪♪ some would still call it luck. ♪♪ let them. because you know what it's always been. inevitable. ♪♪ ♪♪

power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley lately a lot of people have been worried the travel bull market might be on its last legs and in some area it seems to be inflating. parts of travel are still doing fantastic. consider the case of norwegian crusie lines holdings, one of the major publicly traded cruise lines. they held an investor day event

at the new york stock exchange in fact, they raised full year earnings after already raising it less than three weeks ago and it's up almost 8%. can it keep running or use today's bounce to jump ship? let's talk to harry sommer mr. sommer, thanks for being here. >> thanks for having me. >> it looks like those who think that some travel on its last legs has to be wrong after you raised numbers and be so, let's say, buoyant about the next couple of years. >> listen, we see cruise demand continue to be fantastic we target the middle and upper tier income consumers and they continue to be doing well in the current economic conditions, great confidence, great booking patterns, great book position for the future. >> i think people should understand this is something i knew oceana, the haven side, you have an element that almost no one believes is possible in cruising, a very value for what

is definitely something that would normally if you were on land cost ten times that how do you do it >> listen, we have a very efficient platform we manage our expenses great and we are super laser focused on delivering fantastic guest experiences. what we do on norwegian with haven which is what you're referring a luxury ship on a ship great for multigenerations, maybe the rich grandparents want to be in pure luxury with all the amenities, butler, concierge, private dining but still have the amenities of a big ship with lots of entertainment, other dining venues, lots of activities to do at night. >> i am quite familiar with roi, many of our viewers are but rox, what is that >> a new term we tried to instill that people have a balance between return on experience which we call rox and return on our investment which we call roi. if we can balance those together we can unlock a great experience and unlock great financial results. >> i can tell that there are

people who are loyal to a fault. jason, our director, will only go on norwegian. >> we love him >> you should but there are people who just are norwegian and there are people who are royal caribbean people. >> sure. >> but what defines someone who is norwegian >> listen, a norwegian guest loves the freedom and flexibility we provide we have wonderful ships, all state-of-the-art, all well maintained and lots of different dining experiences, lots of different entertainment. we visit hundreds of ports around the world we take people to places they want to go and we do it right. we do the guest experience right. >> i also know from my then 26-year-old who took a norwegian cruise that the idea of who is on these cruises is complete -- i mean, in terms of, like, what -- what older people might think. younger people recognize the cruise is frugality and value and that means to them in a world where they're always worried about money which they have to be, inflation, it's the

only way to have luxury. >> we appeal to older customers but millennial and gen-z is the fastest growing segment. they're coming and enjoying it and see the value for the money but also appreciate the guest experience these are consumers that value experiences over things and the cruise provides experience >> now, it seems to me that you're -- one of the reasons you can afford to be bullish, it isn't like they're pumping out ships every single day there's a limited supply of the ship you have >> listen, there are only three companies in the world that build ships and i don't think there's any more coming online when there are only three companies that build ships they can only pump out three, four, maybe five in a bumper year. it's a 3% supply growth and when you areinherently constrained by 3% supply growth there's lots of room for pricing. >> i followed your industry for a long time and you did something today that i really got to -- you had a captain speak which shows me you are laser focused on what the customer is about because we're

used to hearing executives but a captain spoke about what the experience is. >> patrick, our captain, yeah, our chief of vessel operations, 25 years of experience in the industry, he knows what he's doing. he's not just a title captain, he actually captains ships and he was on ships from one of our competitors but with us today. he has a -- he's been a tremendous value added with knowledge, expertise but also a tremendous ally in changing the culture in the company >> you're also using a.i. to change the culture a.i., a lot of people say, wait a second it's -- everyone claims they have it but you have someone deeply involved to make -- is there we have a resident expert, scott kelly. he does a great job for us he is actually known in the industry and recently had a keynote address at a silicon valley conference, that's how well known he is but he has a vision it's not just he talks at conferences. >> that's all right. >> but both on day-to-day stuff like marketing copy and website and translations and fixing

things like guest interactions but also on more deep fundamental things like revenue management systems, itinerary planning you know, we don't have it all figured out. we're still -- >> i followed your career for a long time. you have a lot of things figured out. >> okay, thank you so much but we are super focused that modest investments can have outsized gains on the a.i. front. >> what's important for us, we're a little pedestrian but you've got the same revenue growth as royal versus, say 2019 but you're at 12.6 times 204 the other guy is a little higher but you have lower debt. there's something wrong with this picture your stock -- i mean, i am preaching to the choir but your stock should be higher. >> we're happy the investor day we had was acknowledged like the market, up almost 8% i think we had not put out long three-year target, the other cruise lines have and we put them out and we believe they're a compelling message to the market 12% roic delivered by three

turns and return to historical margins and believe the combination of those three factors unlocks value for our shareholders. >> you do have debt come due i was looking at it, 1.7 for 2024 but you have no problem. >> no. >> no problem paying that at all. >> a lot of the debt ends up being refinanced anyway. the debt we have to pay out of pocket is 800 to $900 million a year and generating $2 billion a year even more in the out-years and have the money to pay that down and have a strong balance sheet and continue to grow the fleet. >> great investment. one last question. did you ever for a minute in the depth of covid believe that you guys wouldn't come back? >> that's a really good question i'm sure there may have been a minute but we worked really, really hard. a word i won't use on tv we worked hard to get to where we are and i'm proud of the team and everything we did. >> you should be congratulations, you know we've been a backer of yours for many, many years and i thank you so much my daughter had a good time.

thanks to you. jason, our director thanks you, dylan thanks you we're big cruisers >> come back soon. >> harry sommer, ceo of norwegian crusie lines and "mad max" is back after the break at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real.

at corient, wealth management begins and ends with you. we believe the more personal the solution, the more powerful the result. we never lose focus on the life you want to build. it's time for wealth solutions as sophisticated as you are. it's time for corient.

some would day here we go again. palo alto reported for the third straight quarter their stock got clobbered. as i told you repeatedly the immediate reaction is not the right reaction every line item was great, even better, management raised every line of their full year forecast

why a fly in the ointment. now, by the way, that's million with an "m" that they came in. that was enough to crush the stock in after-hours stock anything like the last two quarters, the pull back could be a terrific buy opportunity don't take it from me but let's talk to the chairman and ceo of palo alto networks welcome back to "mad max." >> jim, nice to see you again. >> people are selling the stock right now and i want you to tell me why those people may not know as much as they think they do. >> well, jim, we just came off our earnings call, and all i can tell you is we had a better quarter than i expected. an uptick faster than i thought and part of that was we went out with this idea last quarter we were going to platformalize our customers and discovered and shared with analysts our arr goes up by a multiple of ten to 20 times and became the right strategy last quarter. we did 65 deals this quarter on

platforms. i didn't expect 65 i need to do about 65 to 70 for the next five years to have $15 billion. this came out of the gate really fast and part of it was something you've talked about, we had some -- large breaches in the market, we were called in to go help fix those breaches that allowed us to generate tremendous amounts of opportunity for ourself, but it was an amazing quarter i think the billings is a broken metric in the market >> you have to explain that because obviously the people who are selling disagree with you and disagree with me, because i don't think billings is the correct way to look at the company. i look at backlog and rpo. those seem like a better way to judge but these people think this miss and it is a small miss should trump everything that you're saying. >> well, jim, our rpo grew 23% it's been growing over 20% consistently for the last three years. our implied bookings which is the amount of business we get in ticked up from 10% to 17% this

quarter, billings is purely a function of which customers i choose to take money up front from and which ones i agree to enter billings my business is there the cost of money is an issue. i choose not to take all these customers and start financing them i say, fine, you can pay me when you're ready that causes the metric to get jilted around. our profitability is amazing and ou amazing and free cash flow is great. >> i think some people don't seem to think it matters that in the biggest hack of maybe our lifetimes, united health, they called you in. now, if they called somebody else in the conversation would be like how come you didn't get the call, the 5 million somehow is more important than the biggest crime, cybercrime maybe of our era how did you get that deal? >> well, jim, look, it is a strong partnership we have with them, and we work really hard with them and make sure we get all the pharmacies back and get

health care working back in america again. that allowed them to get confidence with us and comfort that what we had was what they needed they had a large vendor sprawl that allowed them to consolidate and put everything on the next generation capabilities that allowed us to have our largest deal in the history of palo alto i mean, there is another hack out there which is also in the health care industry where they have declared on the website they called palo alto in. >> i did not know that that news has not broken yet another -- >> it's under way. >> i know you probably can't disclose it. i will have to do my reporting hat and figure out what that was about. let's do some reporting on this ibm deal what does it mean? what does it mean in numbers because people don't seem to think it matters for reputation? i do what do the numbers say? >> well, jim, as we said on your channel, not your show, a few days ago, we came together and said, look, this is an iconic deal in the history of cybersecurity, something ibm hasn't done ever and gone all in

on the palo alto portfolio of products and merge them with ours and sell them to us so we are now will be the owners of q radar sass which is a product we launched 15 months ago and that's a product they'll sell for us, a thousand at ibm will sell it for us we paid $500 million and acquired $100 million of business in sas and the operation to market as many as their on-prem customers, it's multiples of their sas business and that's amazing it puts us squarely in the top three players in stocks where we are not a player 15 months ago this is a market fully driven by a.i. that's the solution we have delivered to the largest health care provider in the united states. >> can you tell me, there's a major opportunity for cybersecurity in washington with thunderdome, i would think that you are certainly part of the picture there. >> yes, so we have said last quarter we were the ones who were qualified as thunderdome

vendor and then it went to its own machinations with a vpn recently, zero vul ye -- vulnerability, a lot came back to us so we're working our way back into all those to try to get the access solution deployed and as i said, it won't happen as one big deal but it's going to happen over time and we'll get our fair share. >> i have to tell you last quarter was a miss i was upset about it when i saw the numbers, i wasn't upset. i said he did what he said he would do and more. because the stock was pushed again on friday, because the stock was pushed into the quarter, i think that there were people who got a little too bullish versus a great quarter s that weigh how i look at it. i don't have any other way to look at it. >> well, jim, as i said, you know, we've seen this recovery much faster than i expected. we are very excited about the upcoming pipeline into our biggest quarter into q4 and see tremendous amounts of opportunity.

i have personally inspected the top 500 opportunities at palo alto over the last 90 days there's tons and tons of opportunity. i think our strategy of getting platformization is the right strategy this market in cybersecurity needs a platform like we have, the work bays, we aim to be that platform and aim to be the first $15 billion company in cybersecurity and i hope we get there. >> what did the cisco spelunk deal mean for you? i like both those guys, you know >> look, it is an opportunity for us, because that reaffirms to the market that you need a large a.i. enabled data link to deliver great security outcomes which is where our xim product is targeted. as customers, you know, see m&a and acquisitions and get nervous and we hope the optionality and we want to get a chance to prove it >> i do have to go back to the health care. this worries me. is it another health insurer

that got hit i mean, i personally have been hit by one of the ones that i've been hacked and i know what it's like to be hacked and people call you endlessly pretending they know your stuff will be another one like that where individuals will be hurt and individuals will get called because they sold the this was to the bad guys? >> no, jim it's just -- it's out of the public domain. it's just interruption of some health capabilities which we're trying to work hard fast with our client to make sure we bring them back up and running >> can you -- look, you're not a b to c but what do you tell a person? we're all getting these calls. we know where they're from emanating from people who bought this information from a major health care insurer and getting calls you're entitled to certain programs all stemming from this darn thing when will this end and people go to jail? >> well, jim, i think we are seeing more and more enforcement lately we are seeing the various agencies of government start to coordinate so i think i'm hopeful about the

enforcement actions the government can bring and have seen they've gone ahead and thwarted attempts so i'm cautiously optimistic about what's going on from an enforcement and organization -- organizing perspective in terms of how they are. the hacks are here to stay, unfortunately. i think we'll see more and more hacks going into the election and more and more deep fakes and a.i. being used to try and scam people it is the wild west. so all i can recommend to everyone double-check everything make sure you're sure who you're talking to is the person you're talking to and make sure you find other ways to validate this is a real call or engagement. >> look, nikesh, thanks for coming on. nikesh arora from palo alto networks "mad max" is back after the break. thank you.

new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo >> earning a degree doesn't have to mean starting from scratch. at university of maryland global campus, it means building your next success on the foundation of life experience. umgc values the successes you've already achieved. that's why you can earn up to 90 credits from prior learning and life and job experience toward our bachelor's degree programs. no application fee if you apply by may 31 at umgc.edu.

>> announcer: lightning round is sponsored by charles schwab. trade brilliantly. it is time, time for the lightning round, play the sound. [ buzzer ] >> then the lightning round is over gabe in michigan gabe >> caller: hey, jim. how are you doing? >> i'm doing well. how about you. >> caller: good, thank you hey, longtime viewer, and club member here. >> thank you >> caller: looking at i think we agree on this company with the outlook of ago bbbott labs >> the outlook is fabulous there is a lawsuit involving its competitor lost the case and i think this

is not going to be a big deal but it doesn't matter. people know what happened with j&j and they're scared we're waiting till at least it gets to par or 100 to be able to buy more but we believe in the company. tony in illinois tony >> caller: first-time, jim >> got you. >> caller: mad chi-town boo-yah to you. >> fantastic boo-yah one of the best today. what's happening >> caller: so, i'm calling about a stock that i have seen described as a discount, poor man's substitute for vmware. it traded 66, 67 times without closing and this month it's up 20% and 72 do you think it will come back in or where does it -- where is it going to go >> it's what the market wants right now. enterprise software. enterprise cloud platform. they don't seem to care about the valuation and just buy, buy,

buy, i have too much discipline to recommend that at this level for nutanix. >> mitchell in texas >> caller: how are you doing >> extraordinarily good day. how about you? >> caller: oh, wonderful hey, i got a great stock for you. at least i think they reported 10% same-store sales growth last quarter. the stock is a good one. what do you think about -- >> ever since my daughter introduced me to bros, i've been a confirmed user and buyer of the stock, recommender of the stock for you. it's a little bit junior -- too junior for my trust but i like it joe in new jersey. joe. >> caller: hey, mr. cramer, thank you for taking my call. >> thank you, joe. what's going on? >> caller: hey, about two years ago, i sold this stock at around $28 a share on your

recommendation and made a small profit it's come down to around $13 a share, and with an impressive q4 result, it's canada goose a buy? >> i'll put my trading on. when i see a company report that kind of number that good and doesn't go up, i say, ain't nothing going to get this thing going. let's stay away. let's go to sanjeev in texas. >> caller: i have to say thank you so much. i watched you from when my daughter was in diapers and now she's in college >> i hope she watches. >> caller: her love of stocks. >> oh, great great. great day. that just made my day. thank you. how can i help >> caller: thank you invest and the stock i'm interested in to get your take on is mirror gtx, mgtx is the symbol >> this is the view on that

stock. it is a worth this spec. you want to be there because it's limited downside and some nice upside and that, ladies and gentlemen, is the conclusion of "the lightning round." >> announcer: the lightning round is sponsored by charles schwab get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab.

how's the chicken? the prawns are delicious. oh, i have a shellfish allergy. one prawn. very good. did i say chicken wrong? tired of people not listening to what you want? it's truffle season! ah that's okay... never enough truffles. how much are they? it's a lot. oh okay - i'm good, that - it's like a priceless piece of art. enjoy. or when they sell you what they want? yeah. the more we understand you, the better we can help you. that's what u.s. bank is for. huge relief. yeah... ♪

in a normal market stocks trade on earnings expectations you beat the expectation, you raise your forecast and that forces the analysts to boost their estimates and then your stock goes higher. if it beat the expectations but leave your forecast untouched your stock goes down because that's not good enough and woe to the company that misses the one or both you might as well be delisted. oh, it's a tough call. one that the whole market needs to run through every three months most recently microsoft gave you an outstanding beat and raised the quarter as did netflix and alphabet they haven't looked back how did that happen? simple the key ingredient is that wall street's expectations stay low

while business accelerated beyond what anyone anticipated sometimes when i see these moves i think we're actually getting the quarter today that the analyst didn't expect until next year which brings me to wednesday when nvidia reports. now, a year ago the expectation for them was low in retrospect they didn't see the demand from alphabet and oracle and didn't think it could charge as much and didn't believe the company could meet demand even with lots of help from taiwan semi they just didn't see it coming allowing huang to deliver one of the biggest surprises in history. this time, though, i'm cringing. full of trepidation. i still love them but expectations are much higher than i'd like. i wrote a piece about the golden quarter these guys reported a year ago now the analysts have extrapolated from the great numbers and keep saying incredibly positive things about what's coming. it's almost like nvidia is some artist that just got discovered

last year and his paintings have gone up and up in value every quarter. it's ironic. something i called jensen huang the modern day da vinci. he has an uncanny ability to see the future by the original da vinci is the most expensive it's based on something absolute, but in reality that's not how it works jensen speaks to this moment as the iphone moment, 2007, a good time to split apple. a great place to bet against the company? i don't think so given that the stock is down 191. i would say it was a spectacular buying opportunity he compares it to when microsoft combined with intel to make a terrific personal computer they were in full swing in 1990 when microsoft traded at just $1 and change on the split adjusted basis. buying opportunity and bares it to the steam engine which is tough story pull buying opportunity and maybe that's what's happening here

not a beat and raised quarter but a change in history. hence, why i always tell you to own nvidia, not trade it i've said it for years because i believe it will change history just like the iphone or pc or steam engine i wish i had simply stayed long in pc players for my hedge fund and not trade them endlessly, something i stopped doing when we bought microsoft for the trust. i didn't start making big money at apple until i stopped trading and sat on the darn thing. i feel the same way about nvidia why did i trade in and out of them every time they caught fire i feared the expectations. i thought they got too high. i worry about that now with nvidia but only from a short-term perspective for those who insist on buying today and want to get out wednesday evening. the ad revolution is ongoing and can last for years look how long apple's lasted of course, apple's stock has stumbled many times during the period and the nvidia story might appear to be over on wednesday if it can't keep up with expectations. i'm sure swung will pull the plug if you believe in what they're

doing, it's just a bump in the road so i say forget wall street. don't let your expectations near term get too high. see, that's the real danger. i like to say there's always a combul market somewhere. right now on "last call", the worst, best economy ever. what does that mean? what does it mean for your money? and, the presidential race. we will speak with scott saif. microsoft unveils its newest ai tech. will it beat the competition? it's not called the widow maker for nothing. natural gas prices are suddenly skyrocketing. hot or not? home prices hit a new record for deals in prime locations could finally be coming. a shot in the abdomen, weight-loss drugs are abou