slv. >> all right and steve. >> i'm looking for a biotech bounce for memorial day. thank you to everyone who served. >> same here thank you for watching "fast money. have a great and safe weekend. "mad money" with jim cramer starts right now my mission is simple, to making 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. my job is not just to educate but to teach you. give me a call, 1-800-743-cnbc. right now i declare it and

nvidia freezone. this thing has gotten too much even for me. we have to focus on something else. it seems the market only has the ability to focus on one stock at a time. that is why the dow up four points, the nasdaq jumped. i am thrilled that we can actually look at other companies. even those making computer chips, generate a very i. even if nvidia but the gravity of yesterday so often when up again today i think it is headed much higher. i always tell you to own it, not trade it. i think we can afford to give some of the companies a little love without betraying the ai colossus i like so much. fortunately we have some very exciting companies reporting next week. ones that revolve around whether the consumer is fatigued, taking a break, trying to figure out what to do. on tuesday, the holiday shortened week which is terrible because i celebrate

the holiday like everybody else. i will be planning. on tuesday, we find out if cava is worth its rep today. this seems to be bandied about as the next chipotle. let's see what the mediterranean restaurant chain has to say. what a monster. while we are at it on wednesday we have to ask ourselves if -- i had her people at -- heard people talking about how abercromby stands out. took a monster run from $30 to 150 are over the past year to make the difference. sporting-goods has been a pretty hot category of late for those stories that i've reported. that makes me think that dick's could have another good

quarter. stock is up 30% for the year. it would not surprise me if they should put up some terrific numbers. i am looking for some good golf numbers also. i just mentioned a lot of non- tech companies with stocks that are doing very well. how about nai centric enterprise with most of that stock. how about salesforce that is only at 3% for the year? isn't that incredible? people assume that it is an accident waiting to happen. i think salesforce is doing many things right, but it's not getting credit for it. let's see if the streak changes. and then toast. you go to a restaurant and they put it right in your face any put the card in that is toast. they've been having an investor day. lately things have slowed for the restaurant because of the number of customers. they have proved that the stock is going to fly. thursday, the investing club meeting. get your questions to me and

jeff. we will stay as interactive as we could be with other members. maybe a index fund interacts with you, no. we do. we want you to join. thursday is mostly retail variety. this is posted by the stock of dollar general. i see no reason why that does not continue. i felt for a good number. ross storms and tj maxx both but tremendous numbers. i expect nothing less. they had it amazing quarter. i still think it is a terrific stock. there are two challenge retailers that i'm not telling people to buy right now. we are sticking with them because you have to be in early to anticipate the turnaround. i'm talking about best buy and footlocker. both stocks act terribly as i would say in my old hedge fund which means some shortfalls.

best buy will be this recipient some day of the new wave of pcs with the integrated ai come the fall. we want to be ahead of that. once you are in the stories you will. to get best buy with a 3.5% yield. we will have the biggest pc refresh cycle in history, maybe even bigger than the 90s. i want that exposure. against that is the home depot and lowe's conundrum. kohl's has rebranded to kohl's with sophora. i wonder if we can get a little bit more color and action minute changes in the morning. it will be a work in progress and it will be for many years to come. after the close two companies report. 'go it and tell. i have costco

as one of the big three. we believe costco will report the excellent numbers. as usual if you do not own it please wait for the quarter. stock tends to go down for the earnings of report and rally several days later. you pretty much know how they are doing and it is just not news. dell, i don't know when this one will even pause. ever since we saw michael dell working hand in glove with jensen wong the chairman and ceo of nvidia. dell has become the man to see to hook up your company to the new nvidia supercomputer platform. what else? app stores had an amazing quarter and then had a rocket and crashed. i think they will have another great quarter but no crash. next, lots of people are looking for ai. the semi conductor company that gives the equipment that

connects nvidia to the machine seems very interesting to me. the rest of the business is just kind of reporting. telco starts turning up $100. earlier this week we have some great numbers from elf. some people thought that would connect to the broader cosmetics industry. we keep hearing that ulta is not doing well because they keep being beaten by sephora. i think they are a great company. i don't wanted to get into the freight train of selling. here is one i take personally because i like it so much. cloud fair may make a comeback. i expect the ceo can tell a better tale. if he does i will say you have to own the stock ahead of that. i like it at these levels. bottom line, once the week is

over we are going full for nvidia again. we just needed a week to recharge and then we go back to focusing on the best stock i have ever seen. it's been a whirlwind move but i remain steadfast. own nvidia. i have to start of my home state. let's go to alex in new jersey. >> hey, jim. i want to hear your thoughts on the stock that nvidia invested in. soundhound. >> soundhound comes over as a crawl. it nvidia put the money in and it has not meant anything i'm not going to make a mountain out of this particular molehill. let's go to michigan. >> hello. thank you for taking my call. i really appreciate it. >> what is going on. >> i actually have a question

about spq. this company has been high. honestly, my concern, we see the stock not making any improvement. >> it is straight up. they do have the new ai pc. i think you can probably sell off. this is not breakout quarter that it reports. the next quarter will be break out. i think if the stock goes down you want to pick some up. it is not dell. that's what you need to know. dell is best integrated when it comes to nvidia and you have to get right. we need next week and then we return. let's look at some others besides nvidia although i always keep one eye on that one. on mad money today the safety science company went public. i have the ceo to see what we

can expect from this new to the tape name. if you are shopping for a turnaround story on digging deeper into macy's to see if the new leadership has found the key to success for the brand. do not miss another round of am i diversified? so stay with cramer. >> don't miss a second of mad money. follow @jimcramer on x. have a question, tweet cramer. send jim an email or give us a call at 1-800-743-cnbc. miss something? had to madmoney.cnbc.com.

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roughly 6 weeks ago a safety science company called ul solutions came public. this one popped up on my radar screen because the stop -- stock has soared 50%. the results were pretty strong. is this just the beginning or do we need to worry that it has gotten overheated? why do we take a close look with jennifer scanlan, the president and ceo. welcome to mad money. >> thank you . it is a pleasure to be here. >> we are thrilled to have you. you are a storied name. we grew up in my household knowing if we saw your seal of approval it was the real deal. now you where nonprofit. that has changed and it looks like you are making a ton of money. it is still the most pristine name in the business. tell us the evolution of what

has happened. >> it is such a great story. we were founded in chicago as a non-for profit 130 years ago. fast forward to 2012, we became a for-profit company under one shareholder, the not-for-profit ul standards and engagement. we decided that the best answer for all of us was to take us public which we are thrilled to be a newly public but not newly profitable company. >> why don't you go over -- there are some very defined areas you are involved with but go over the ul solutions overview with the revenue breakdown. it is consumer, industrial, software, advisory, and testing and certification which is really important. >> it is absolutely important. it is our mission to work for a safer world. we aim to be our customers most trusted science-based safety and sustainability partner. we test their products and

provide software and advisory services to help them ensure that their products are certified and inspected and safer than they otherwise would be. almost half of our revenue, 40+ %, is for customers in the industrial space business to business. the other ones are the customers working in the consumer space, business to consumer. the software and advisory segment supports all of those customers across 35 industries that we serve. >> one of the most fascinating things i thought about you guys is this is a place that a lot of people thought i'm not really concerned about safety but it is really the opposite. china. >> absolutely. we have been in china for over 40 years. china is important to the world manufacturers. they had 30% of the world manufacturing. many of those manufacturers are looking to get their products into a north american market or european market.

we are there to help them do that by testing and helping them prove to their customers that their products are safer and compliant with safety standards all over the world. >> we are talking about 80,000 customers around the world. i know that from what i can tell -- i don't know how we can create these things, but europe -- your retention rate among your top 500 customers it's extraordinary. >> it is. the great thing about our business is when you certify the product you need ongoing certification services for the life the product is in the market. we have over 1000 field engineers visiting every single one of our customers manufacturing locations multiple times here to help protect our customers and the manufacturing processes. >> i also know that you are totally up-to-date on the things i spent a lot of time with at nvidia is the digital twin. this digital manufacturing, how do we know if it is any good or

not? you are literally redefining certification because you are actually grading the digital twin, which is the number one. >> it is one of those customers that has been a customer for over 50 years. we were thrilled when they came to us a couple years ago and said, let's work together and think about how they could improve the speed of their innovation process on a complicated, expensive prototype. having that simulation, the digital twin with the application of all of our safety standards and technical leadership associated with the digitization really allowed them to go through the prototyping process faster, get the product to market faster, and the exciting thing is when they go to the all new and improved next round on the product we have already done the bulk of the work. we were thrilled to be by their side on this process and look forward to doing it with many

of our customers. >> that is the most cutting- edge technology today. how does ul solutions have people that know how to do this stuff? >> we have thousands of people who are technical leaders. in fact, two thirds of our 15,000 employees have some type of technical certification. a significant number of those people, over 1000, are in the software and digital engineering organization. the combination of our team that understands how to digitize the safety standards and safety tests combined with hpq that starts with their own digital model, it's a great exercise on both sides that come together to achieve the result to get the market's together. >> one question i had about this market structure. with a big owner be peeling off stock or is that something you might not know when they might to wait a minute not -- or might not? >> i have learned you don't

speak for your shareholders. they get to make their own decisions at the right time. certainly there is great strategic alliance with our parent company. we have a single mission, working for a safer world. we were founded to do research on safety science, standards, public advocacy, and test products for customers. it's a great enterprise and we are really proud to be the commercial arm of it. >> it is a very exciting story that i did not know until it was in front of me. i did say to my staff, oh my god. the good housing seal of approval. i want to thank jennifer scanlan, president and ceo of ul solutions. thank you for talking about your company. >> thanks, jim. >> we will be back after the break. coming up, department store redemption? cramer crunches the numbers on the macy's turnaround next.

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we know this is a tough environment for most retailers. we've seen that over and over this earnings season. the department stores should be getting hit the hardest. something surprising happened on tuesday when macy's reported a tremendous quarter that sent the stock up 5% in a single

day. more important than the quarter, macy's management told a great turnaround story. member, this is the first full quarter under the leadership of tony spring. he was appointed chairman in april. he ran the incredibly successful bloomingdale's division. this was also after they reached a detente with the activist fund that reached up with some other friends for a takeover bid/proxy fight with macy's that was very confusing. they did get two board seats in april but that was very important. who wants to buy the company? the last bid was $24 per share in march. they cast doubt on the ability for financing levels. with all that going on, it felt like a make or break quarter for the new management team and they definitely made it. sales declined by 1.2%. wall street was looking for down by 4.3%. bloomingdale's was up by .8%. blue mercury, a cosmetic

business was up 4.3%. macy's came in with administrative expensive slightly offset. what they made after subtracting the cost, that translated to an impressive earnings bit of $0.27 per shar . that is why the stock really popped. macy's gave very encouraging guidance for the quarter and slightly raise the full-year forecast for nearly every line. when you read through there are a couple of key highlights. macy's plans to rationalize the store cannot and refresh locations they are going to keep open. at the end of last year they had 718 storm -- stores. as part of the spring turnaround strategy announced in february, they are going to close 150 of the worst-performing macy's stores by 2026 including 50 this year the which will allow them to focus money on the good ones. i think it is a smart

plan and a bold move to cut the stores that are working and i don't know how you would ever turn them around. as part of the rationalization effort, macy's said they would start by updating 50 of the good stores. they call it the first 50 program. they want to figure out what works and what doesn't and apply those lessons to the other locations they plan to update. on tuesday they got the first report card on this first 50 program and i will tell you, it is all a's. although it was 1.2% down those 50 stores being updated had comparable sales of three point 3%. that is very good. they explained exactly what they are doing at these 50 that are working. there's merchandising, more elevated products, not to mention in gaping -- engaging with life events. fashion shows, beauty services also boosted traffic. it is working.

overall it is a very encouraging start for the macy's turnaround. i like that. the second order of the new strategy is to accelerate luxury. meaning they want to improve luxury sales especially in the first 50 program stores and grow together two banners, bloomingdale's and blue mercury which is the high-end cosmetics and skincare. customers were responding well to higher-end brands that macy's either introduced for the first time or expanded distribution. there's a lot of new ones. i looked them over and was surprised. as for bloomingdale's and blue mercury they are doing well. the power of looming dallas is its diversification of cross categories and price points even as there are shifts in popular brands. mercury had its same continued strength and skincare and expanded disparate duchenne -- distribution for the popular brand. i like that macy's is actively

looking to grow both bloomingdale's and blue mercury but not in any runaway fashion. why shouldn't they? putting it all together they can to live in on the plan especially when it comes to making macy's more upscale. it has been very successful for a long time even when the rest of the business struggled. at bloomingdale's there's often a line to get into the joint they released expertise on the entire country. i think it's a smart move at this particular moment when the consumer weakness is isolated to lower end shoppers. you don't want to be in the market of cheap right now especially when you deal with the asian marketers like temu and shein. macy's digital operation under new leadership but there is progress being made there also. they are doing a great job of cutting costs.

they highlighted the quarter. listen, it's the early days of the macy's turnaround. tony spring's plan was only announced three months ago. it will unfold gradually. i'm sure there will be highs and lows but we learn to let -- learn to let a lot of progress. i'm feeling really good about macy's at this point. either way, don't forget about the takeover attempt which is still ongoing even though it is kind of on ice. i never bet a stock on takeovers. it's a full's game. bottom line, i see multiple ways to win with macy's. either tony spring keeps pulling off this ambitious turnaround and i think he can do it for somebody else comes into buy the whole thing. nobody believes macy's should sell . the option that it is on the table is a nice fallback. let's go to philip and alabama. >> this is elizabeth.

we are on vacation at lake martin. philip is thinking about his stock profile. here is philip. >> how are you? >> good, how are you. >> i'm doing fine. thank you. >> the other day at school i got in trouble for looking at stocks. i was looking at the cheesecake factory before i was kicked off my computer. i like the dividend and revenue growth. my dad is fearful of restaurant stocks. should i invest or go outside? >> we will discipline that teacher that does not have a clue about where you are going in life. i can tell you are going fire. cheesecake factory has just come back down a little bit. it always surprises me. i think you should own it. i think it makes a lot of sense. i will pay you my highest compliment. you have horse sense. let's go to lori in illinois. >> hello, there. i'm wondering about chipotle.

do you think it will do that 50- 1 split and do you think it is still a good buy? >> i think it is a great buy. they want to be able to compensate employees with actual stock and not just a quarter of a share which is really smart. the guys that run this company are about a smart as i've ever seen. i think it is a strong buy. let's go to jolyn florida. >> good afternoon. the first thing i want to say is i'm a member of your investing club and it's the best money i've ever spent. i've been listening to you for 19 years and i've learned one thing. you're not a financial advisor. you are a financial educator. >> that is so right. >> you have changed my entire life. >> i'm writing this down. i can't thank you enough.

i had an existential crisis going into this weekend because i'm onguard so badly today. i'm so glad i did not take the day off because i would not have gotten your call. i am so thrilled that you called, joel. >> some of the things, i hate to sell certain stocks and i hang onto them. i've hung on for almost 20 years to adobe. it's been quite a ridefor the last 20 years. recently you don't hear too many people talking about adobe. all of the other ai things and so on, it is still a great company. i'm just wondering how you visualize adobe? >> to me there is difficulty. let's take the designer. she has the full suite. she could not afford it.

i bought it for her. she was using when that was not as good as adobe but it costs a lot of money that's what adobe has to wrestle with. they've got a very expensive but by far the best product. i think that he is very strong. i really appreciate your comments. you made my weekend. i see multiple ways to win by holding onto macy's either through these ambitious turnaround efforts or a potential buyer. mad money, lots ahead. it still matters to me as much as ever. where do we stand on the road ahead to lower rates? i'm revealing some signs to keep an eye on. and then in rapid fire tonight's edition of lightning round. stay with cramer.

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it's been a volatile but satisfying week for the major averages. you need to make sure your portfolio is positioned for what might come next in the market. that's why tonight we are playing am i diversified. you tell me your top five holders and i give you little discipline. can be mixed up a little. let's go to joe in new jersey. >> mr. cramer, i'm getting ready to fish for some stripers. >> i will tell you what, i will catch them and you throw them away and i will throw one away also. i have not caught one that is 36 inches in five years. let's go to work. >> this is my mother's

portfolio that is 87 years old and i manage her account. these are the stocks. procter & gamble, coca-cola, cisco, verizon, berkshire hathaway. is she diversified? >> and 87-year-old and smarter than 99% of us. proctor is fantastic. i do not regard at the same as coca-cola. they are different because this is a food and beverage. cisco is chuck robinson and a good yield. i think this deal is good and the stock should have been higher. berkshire hathaway. nobody's ever gone wrong verizon, at one point or another i would have said you do have to mix it up because i don't refer to them as a good enough utility to own. no longer. consumer, soda, tech, insurance, that is perfect diversification. now we are going to tom in

california. >> booyah, jim. >> booyah, tom. >> my holdings are tesla, amazon, thermo fisher, contour, and coin base. am i diversified? >> this is an interesting portfolio. thermo fisher is a scientific device company. tesla, i tend to look at this company as more of an autonomous machine company. kontoor, that is leon wrangler. i love my jacket. coin base the same company that does the bank mostly for crypto. amazon is the world's greatest retailer but also the world's greatest cloud computer company and is just amazing.

we will put that in tech, science, autonomous machine, clothing, and finance. great portfolio. we will go all the way back. my head is spinning. let's go to rocco in new york. >> housing going? >> this is a great day i. i am planting my tomato plants tomorrow. it is the eve of planting. how can i help you? >> it is also the eve of my dad's birthday. happy birthday, dad. a longtime watcher. my stocks are kkr, reddit, waste management, shake shack and meta. >> okay meta is tech , reddit is communications. shake shack is vastly improving fast food company.

kkr is an amazingly good private equity company . and what can i say for wm except that temu and shein and up there? it is a fantastic company. we have tech, dining out, communication, that is perfect diversification. we are 3 for 3. let's press our luck with greg and florida. >> hey. i really enjoy your insight. i appreciate the insight into the portfolio. >> people like to be on tv and i love it when they are on. we are the only show on earth left that puts real people on. let's go to work. >> you are correct. my stocks are broad calm,

chipotle, deckers outdoor, goldman sachs, and in my diversified? >> we know that broadcom does a lot with cell phones. chipotle is the finest in the country. deckers had such a quarter. it was a blowout on so many different levels. vertex is cf but they also have an anti-pain company that is not habit-forming. goldman has been the best performer and finance. we have finance, tax, restaurant, clothing, drug. that is a picture-perfect portfolio. it rocks. we are so not done.

we will now go to lori in connecticut. >> booyah. >> booyah, lori. >> thank you for taking my call. i'm a long-term watcher of the show. thank you for all the hard work you do to help your watchers make money. >> thank you. that's what i want. the let's go to work. >> my five stocks are amazon, honeywell, amd, microsoft, eli lilly. am i diversified? >> lori asks a good question. we will let amazon be cloud computing. honeywell diversified manufacturer that we own for travel trust. eli lilly is probably to me the number one drug company in the world. this is what's important. microsoft and amd. we will have to make a choice. we will have to say we want to keep microsoft. we will have to go with amd.

what we will do is why don't we put that in something i've been looking at all day. let's put in union pacific. that has come down far below where it should. a nice change for added transport. i think it will be a nice mix. i cannot believe we are done. we have such unbelievable portfolios. it makes you feel so great. thank you to everybody for saying it is a great thing. we've been doing it since 2001. coming up, hit us with your best shot. and electrifying lightning round is next.

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lightning round is sponsored by charles schwab, trade brilliantly. it is time for the lightning round. we play the sound and the lightning round is over. let's start with olga in ohio. >> hello, dr. trimmer -- cramer. i've been listening to for many years. >> thank you. >> do you remember the familiar sound of pull janowski? >> go ahead. >> i've been watching for many years. you are a great guy and you keep us going. you are the only one. i would like to know what you think about moderna. >> i still think that they have it.

i've been taking up this. thank you for the kind words. alexander in georgia. >> mr. cramer, it is great to be on for a second time. >> number two, what's happening? >> absolutely. i would like your thoughts on the company executing a rollout consolidation within the united states mechanical electrical and plumbing sector. the company is comfort systems usa. >> hvac is king. i like comfort system. let's go to stephen virginia. >> yes. i would like to know about sunoco. >> i like them. i think it probably stops at 7%. let's go to linda and florida. >> hi, jim. i'm calling about a diversified

company that has a chance in a i and has been posting great numbers and rising fast. what do you think of celestica? >> it is great. it is still expensive. we have hunter in south carolina. >> hey, jim. this is hunter from south carolina. i was just going to ask you a question. i purchased amc around $2.99. i don't know if you thought it purchased a first-class ticket to the moon? or should i sell. >> take your capital out. the balance sheet for the most recent sale of stock is not good. box office numbers are herman does. take out your cash and let the rest roll. now i will go to margie in connecticut. >> thank you for all of your investing wisdom. i recently

made a small purchase in uranium energy. i'm wondering if this is a reasonable choice or if it would be better in the serena? >> which one is it? >> i'm sorry, uvc. >> that is terrific. by the way, i think ge is also good. let's go to julianne in florida. >> hello, mr. jim cramer. it's great to be able to speak with you. >> i'm so glad you called. what's up? >> thank you so much. i wanted to do another take on inspire medical systems. >> this is a company that should be making a lot more than it is. we will have to wait and see if they can make money. and that is the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab.

coming up, don't be a one and done researcher. cramer shares a strategy that will keep you calm, next.

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everybody wants to know if the economy is running too hot or if it's fine. that is the key to the fed's next move. we can't come up with a new report every day. we can't let a single brushstroke destroy the whole painting. that's what's happening right now. yesterday we had one piece of data that was a little bit too strong. interest rates shot up and stocks went down. at the end of the day it was one of the worst we've had in a while because the money vanished. people figured once again forget the fed. it's not going to help us this year. we will say enough already. i came up with an indicator because i want us to base our judgment on the preponderance of the evidence. the preponderance says the slowdown is coming. we see a bunch of signs, not every day but many more signs than a few months ago which is what matters.

stop freaking out like yesterday and wake up to the idea the economy won't go full bore inflation to deflation overnight. it's a bumpy road. we have to continue but not to the point where a single data point kisses on everything else that is happening. i believe that the economy runs on employment. as long as we have strong employment the fed can't get out of leaving interest rates higher for longer. what i've been looking at from bankruptcies to new business formation to new prices coming down, these are all about one thing, predicting when the layoffs will start. slowdown does not start with layoffs. it starts with the decline in business. people that are thinking about expanding and wanting to open a company are the first to react and pull back. ladies and gentlemen, we get it. there's prices and retails, clothing, groceries, cosmetics. people want cheaper, they want generic. they want target. they don't want lululemon

anymore. they want the cheap knockoff. why should we not worry about that? the same thing we are trying to measure. the next step after the lack of new business formation is layoffs. it is firings, disclosures. that is what needs to happen for the fed to cut rates. we will see businesses fail because they cannot get credit. we are seeing that happen with commercial downtown real estate. we see it happening with restaurants. we will see it in retail in a few weeks. we will see something that we did not see possible. residential rent realty vacancies. actual rent coming down. shirt not right now. when you lose your job you cannot afford rent so you have to double up. maybe i have to move in with their parents and that's how the rent comes down. others may sell their homes anticipating a collapsing prices. more houses will cash in before things go south then there is the final frontier of inflation.

they can repeal the business and it can't be denied. stop worrying if one number can up and everything else that has happened. the fight against inflation is going the fed's way. stop obsessing and for heaven sakes, stop trading. trading. i am jim cramer. see you next time. last call starts now. a special edition of last call live from the indianapolis motor speedway we are coming to you ahead of sundays 108th running of the indy 500. the biggest names in racing, business, politics are here. racing is a big-money sport so there's no better place for us to be. an all-star lineup coming up with the captain. an exclusive interview with the ceo with big news to share. a longtime race sponsor. we've got the states governor and the incoming ceo creating