experience for the panthers. >> it will be. you'll be watching courtney will be watching. >> who won't be, that's the question >> panthers fan. >> it's core mining. no delean. thanks

>> under 1140 up 7% today. is it just luck? we get caught up in a crazy maelstrom. the s and p in subpoint percent. asking is it too much? or as the bears would put it, enough already. there's two schools of thought about this. the ringer, one of my favorite analysis in the stock, put out a piece this morning. then there's minimum analysis. given how long we've owned this i've got my own opinions. i love nvidia. they are an intellectual powerhouse. they traced out what.

>> to give you perspective they had 26 point

>> even the world's largest pc makers treat them with deference publicly because they so instrumental in supply. then he goes on to say this will entail when they face it. they've had to face the content of his candor. despite their colossal size, nvidia supplies to the most savvy users. the game enthusiasts. their market capitalization is up $132 billion. the powerhouse in gaming eventually did indeed make this but it did mean that they could do no wrong.

they never lost their --. on that one particular area. they could mimic this. and that's why they pretty much 08 i. they are talking about how they are a roadmap for predominance here. they are the promoter growth company with $240 billion of the next three years. they've got amazing gross margins. the stocks could be incredibly cheap and it's worth paying more. there's plenty else mentioned in the report including analogies to apple. it's not just righteous that i

value so much, stacy raskin from bernstein has been adamant that you need to purchase nvidia especially since it's inexpensive for its growth trajectory. to give bullish perspective, the stock market mentor, the regular off the charts contributor has a lot to say on one of their fundamentalist. as he puts it, if you think ai is about the peak of development than they are over by a mile but if you think that they are in their infancy that investing in anything is the key to underperformance. the average price target is at 1074, 3% above where the stocks trade. his 52-week target is 2000. as he puts it i think that

there's a high probability that it will hit the print before the ball drops in times square. this is the chart here. it's easy when the fundamentals are ridiculous and even numbers are the only reliable metric. even numbers, like evens and odds kinds of thing. how does he get there? look at the weekly chart. it's more than doubled since the stock went up in january. amazing. the first leg of the run. he's betting he could double this again by the end of the year. it's a depiction of the future of ai as well as nvidia's future. of 100% from one even number to the next, lather, rinse, and repeat. his quota is one thing to try to catch up but when you try to catch a leader in the keep scrolling, it becomes nearly impossible. it's not something that's a result of anything that they did specifically. so what he's really saying is that this is not nvidia it's ai

and nvidia happy's happens to embody both of those. they are a great company and it's a great stock but it's still a stock in the end. other inputs for fundamentals, there's not enough money to go keep the rally going than the stocks are down today. all the placements seem to be for sale so perhaps they could raise enough money to keep purchasing. the company doubling in value without crushing the rest of the market because the money has to come from somewhere and i think that happens early in nvidia. valuation depends on inflation just because they could spew cash does not mean that we will value the future cash as much as we do now. even if there stock is not immune to the stock market, and i should also add the all market. so you've got to be cognizant

that the stock could go down a little bit giving you better opportunities. they haven't repealed the laws about what the stock is doing. that doesn't mean i agree with these bullish projections that they are giving. for me this means own nvidia and don't trade it. let's go to ross in california. >> ross, what's up? >> we had been talking about stocks as a play for their data for generative ai. i'm wondering what ou think of yelp when you think of their compilation of data over the last 20 years? >> they don't have earnings momentum and i don't want to key you on that. i mentioned that with getty

images, it's not been a good run there. i have to be careful about what i think could do better. i'm going to say they are in the not category. how about leo in texas? >> thank you for taking my call. i'm a longtime fan. i want your opinion on sterile labs. >> i like that, they are a little high but i think for the companies that have gone public they are involved in a halo. let's let this one come in because there's too much halo to the new ipos. they are all trading at high levels. let's go to leon in pennsylvania. >> good evening . >> how are you? >> due to the lackluster performance of the stock over the last three months should i be concerned about this? >> stock does not act well that said i know there is value there and i think you've got to recognize that the stock could

be damaging but the value will continue and i think they are doing a great job and own a huge number of copies and on a date or center business. hold on but be prepared for a rocky moment. even there stock, we cannot exempted. that is why i think we need to be behind this but it could be a better way to go. the aforementioned nvidia -- with stocks. i'm looking at some recent splits to share how this could impact your investing the strong consumer confidence number, the economic take on this could give you whiplash. seeing where the major index could be headed. there is a good quarter at the beginning of the month. so investors getting a buying

opportunity ahead of this meeting. stay with kramer. she runs and plays like a puppy again. his #2s are perfect!

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a piece of the company. let's take a look. i'm going to ask you 150 people i saw this weekend who called me. they also want something that i know is potential and they want us stocks play why can't you give this to us? >> we will think about it but today is not the day. >> we have tried stock splits in the past . the stock purchase.

>> maybe it certainly did. most of the time when they announce it the stock goes higher. this is why we have been talking about recent case studies were more companies should do this kind of thing. there's the 10 for one stock split along with a $10 billion buyback. they give you the same rationale that jensen gave you.

they want a better chance to participate in the company's stock plan. lamb stock was having a good year up 20% thanks in part to the numbers from late april but in response to the buyback they finished up at 6.4%. this came from sintas for small and medium-sized businesses . there was the four for one split. management said that they were doing this to increase the success and ability for employees and investors. they had reported a strong quarter march. the stock jumped 6.5% over the three weeks following this announcement, they saw a tough downgrade last thursday. they pulled back from several only slightly above where it was before the split.

it made no sense to me so it is clear that the news was good in general. it's a blip on the stock and it will get its mojo back by the time the split happens so let's take a look with this one. this was the 50 and one split. they announced this in mid march. when we spoke with the cfo he told us the company had been thinking about the split for a while but it didn't make sense until recently so they are doing this to give themselves more flexibility when it comes to competition but they set a lower dollar price would make it easier for the separately matched accounts especially with allocation. if you are trying to mimic this

but you don't have enough money to purchase a share of everything and the person in charge of your account could skip some high dollar amount stocks which means the 50 and one split means that they no longer need to make this decision. he said that there was little to no pushback from the money managers. they usually hate stocks and then they pay commissions for shares. i heard the answer and i was surprised that there wasn't more pushback. on january 3, walmart announced the three and one split. cmw film wanted to make it easier for employees to hold these shares. they are up almost 18% though it's hard to say how much there is with stocks. with two strong quarters. either way, they have the three and one stocks. not to be clear, there's the stock guarantee with gains. there's a split from this year with cooper company. they announced one and 15. they didn't have much of an impact on the stock and it's down since the announcements. more often than not this brings

schemes so let's wrap up where this starts with vidia, they split the stock before. the stock was at 2.6% and by the time it was enacted on july 20 they had an 8.5 split announcement and they continue to move higher over several months more than doubling this and topping out in november 2021. that's when that they will have more with inflation and between the announcement and the split you would have racked up 28.5% with the last time being, people probably are thinking why should this be any different? >> the stock should matter at all but in theory looking at those that are announced, for reasons ranging from quick access to shares for employees and small investors to the halo effect let's just say i agree with this one, stock splits are a good thing.

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>> what are we going to get with this market? the occasional sign with the consumer number, makes it harder to get a concept of this group a little bit?

the rest of the markets fall behind. we've gone from dow 40,000 less than two weeks ago and now at 39,000 now. i'd like to take a step back putting my own opinions about the economy aside, consulting something more empirical and quantitative. that's why we are going to go off the charts. the director of product and education at the options play as well as the coast and founder of the market maker podcast. on april 10 she told us the largest for the stocks would go back in style. she nailed it. their growth bottomed out a little more than a week later. let's take a look at the daily chart of the s&p 500. at the moment, they noticed

something ominous here. it's what is known as a bearish engulfing pattern. something that has the potential of an uptrend which isn't something we want to see. this is what happens when you get a down day that they can't only charge this but the engulfment moves higher. the s&p thursday last week, not that long ago, there was a meltdown from the previous five days of trading creating this area of concern so you see where we are. the s&p had a flow of support at 5250. right around the little where the index gap was up on the 15th. at the top of the gap this coincides with 5265 support levels from march when the index was peaking there so you can see what she's doing there with all that activity in this level with the engulfing pattern. if they could hold of love the 5250, 52-65, setting p the accumulations, breaking down

below the level, the s&p would risk falling to the next major level of support. look at this, this is the snp longer-term weekly chart. on the weekly you could see the next major support level comes in at the 13 weeks moving average which means we are looking at the redline. this currently stands at 5170. it could be more confidence this picture. it remains in a bullish trading cycle. what does she mean by trading cycle? they take a look at the average. the 40 week moving average, the standard unit of time in the stock market, that's not for two weeks. as long as the three-quarter moving averages are movie moving upwards you've got a bullish trading sector.

you want to see the price rising quarter over quarter. so as long as it hangs in there above 5170, we are lightly above that. this will include the average and she feels confident that we remain over the median turn so we have to hold this above these. to me, you understand her trepidation. the market is full of haves and have-nots. what happens when we move the mega cap's in this instance? this is occupied with market capitalization. moving that one out, you've got to get a more portable market that you look at the s&p 500 equally which is a variation where every stock is weighted the same. that way they don't overwhelm things. looking at the equal weight, it's something that we don't spend a lot but we suggest it does. the snp maintains the core of support. see that one is right here and here.

this goes back to the higher high that they made way back in january 2022 like we showed you. that's an extremely important level because the decline has been met with rampant inflation. there's also the conversions of their equal weight, the 13 week moving average at six at 6681. there's this flow of support which is really good. of course the floor hasn't been the only tell. in early april they broke down below the level experiencing that decline but now this is above water so they are feeling more confident about this support. we have to continue to just -- it's empirical about what's going to happen. of the 11 sectors it's got notes that three of them are in a bearish trading struggle. these are discretionary. at 7.5% of the s&p 500 these sectors mean that they represent more than 18% of the market isn't bad.

obviously this one is the strongest right now. this is real estate so now i want you to take a look at a weekly chart of their select sector spider fund. not only is this in a bearish trading cycle with the 13 week and 26 week and 40 week moving average beginning to flatten but at the 200th week, the moving average has been breached on the way down so you are looking at this right here as it's been taken out and according to instinct, going below this level leads to more drawdowns in this sector. they make a weekly close above the 200 week moving average at $37.18. that's pretty far. 1326 and a 40 week moving average. so here's the bottom line, the charges, there could be a

decisive moment for the s&p 500 with real risks in the daily chart and while she still feels good about the long-term did we get hit with a nasty selloff? that paints a different picture but there's key support levels so this feels relatively bullish. this makes a lot of sense to me. cautious optimism. >> a club member and your main man in chicago. >> i like to have a main man in chicago and i appreciate that. what's going on? printed this interest rate sensitive stock almost fell to its 200 day moving average today. jim, should i add now to my position in be ldr? or is there more room to fall? >> oh my, you know how much i like this company but commentary from home depot and lowe's was not constructive or instructive and it makes me concerned. there could be another leg to

fall here. let's put the difference here, going to 150, let's do something. we have to wait. let's go to trey in texas, tre . >> jim, i consider myself an a millionaire and i want to thank you for the life you've made possible for me. >> thank you, it's been a long day and you made me feel terrific. >> there was a time when spending $160 on seven pairs of boxer briefs wasn't an option for me but now nothing touches these cheeks but lulu lemon. i want to own this stock but i pride myself for never overpaying anything. that said, do we buy here or wait for a better price? >> i'm still stunned about the inside with your boxers. i'm going to try to put my head together and say to myself, we've got to wait for lulu lemon to report. all the signs are, it's too soon and i've got to tell you, i feel that there will be a time

to do have lulu lemon but that time is just yet. i think that there's a little more time for us to wait. the charts are interpreted by jessica, she could be decisive on s&p 500. let's look at these support levels, that optimism, it makes a lot of sense to me sense to me. it's crucial. i didn't think this eek would be is crucial but i saw these charts but we have much more money ahead. cloud companies investors down on thursday, we've been spending a lot of time trying to gain insight with consumers. i will share insights from where we stand which could be different from where you hear on the air and then we've got the lightning round so stay with cramer .

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what do we make of a pullback in shares? earlier this month they delivered a top and bottom for defense that was coming in as expected. they thought it was a softer forecast with great results for cloud. only 15% and as you recall there hasn't been much since then then they got things trapped with investor days down on thursday. there's the sneak preview with matthew prince, the ceo of cloudflare . >> thank you for having me. >> let's get to it, last quarter was a good quarter and

there were no flies on it but this sense that ou had macro concerns and that this reflected in what would be a bit of a shakedown. any thoughts about what happened that day? somehow it came out as being that you were very concerned about the future. >> i think i am concerned about the future and anyone watching the news couldn't be super confident about the future and so we are in this unique position where we are at the frontlines of a lot of the global conflict going on right now so there's this unique view into that but in a strange way as the world gets scarier and better and better for our business, i'm concerned about the macro at i'm confident about the future of cloudflare. >> give us a little neak preview, could you project stronger earnings for next year because of what you've seen right now? >> right now we see a lot of uncertainty in the world.

so i think that we are prudent and how we would think about that but the world continues to demand connectivity cloud to cloud that they provide and so us being able to secure much of this with 25% of it, we are absolutely critical to make sure that the internet will function and perform for the businesses. >> i want to look at what the internet is versus what it should be so this is kind of a jerryrigged thing so what should this look like in order to be secure and connected? >> you know, the internet was a science project. it wasn't supposed to be successful. there was another project that was secure internet so we are stuck with this duct taped together thing and cloudflare's mission is to build a better internet . we mean an internet that's more secure and reliable. it's faster and more efficient because it's amazing with 4 billion people connecting online but showing fully the work we do with these organizations making sure that they are as private as possible

when we talk about a better outcome what we are talking about. >> you're talking about in general what i think is most exciting in your business. they had a quarter where the security was very good but the content delivery was not so good. so where are you in terms of the way you would grade yourself and what turned out to be a difficult or almost a zero sum game in the process delivery business? >> we never thought of ourselves in the content delivery business but as a connectivity cloud, how do you connect anything together? with any computer science problem would be keeping a problem logged locally. we've been the disruptor in that fix. we needed to make things faster around the world and really the core of who we are and the reason why we get great companies that rely on us, we are making the internet better

on these different metrics and that's just something different from what the other companies are doing. >> you've got new customers, is it just such a dogfight with these companies that are kind of wounded and maybe making deals that you don't want to match? >> that hasn't been our experience. our experience has been landing great customers is something that we continue to do . something we will feature on investor day. the it department behind the porsche technology system needs to make sure that the cars that are increasingly computers on wheels are faster connected and cloud is powering back for them across the world. that's the customers they get. there's also the innovation engine that we are releasing new products so the customers we have are expanding and

expanding using more of our services and we are becoming the network and the fastest use opportunity there. >> i want to talk about losing a large social media customer and i'm thinking, that's not really what you would be doing anyway, right? >> i don't know the details of what optima is doing but we don't really think about them because when we started cloudflare were three rules. don't hire jerks, the second was don't lose on price, the third was make sure not to go after any of optima customers because we saw that as a business that was in decline but we thought the future was how you build a better internet and that's what we've delivered. >> is talk about something you're doing , going to the people though this could become problematic. you've really made this great.

we have a president, previous president who's said that the election is rigged if he loses so how can we demonstrate that's not the case or is that not -- you won't be able to do that? >> you know, we cannot solve all the problems around the election but we are sitting here with the new york stock exchange one of the foundational institutions of the united states, democracy built cloudflare . i think all of these technology companies with the ability to do something to protect the structure, it's our responsibility to do this so we turned the project after what we saw was a foreign interference and everything that happened in 2016. i'm proud of what we've done around that. we really stepped up with our expertise to make sure that the

election is secured. our team is standing by to offer our services at no cost to any election official within the counties, states, anywhere in the world. or than half of the u.s. states are using the technology to make sure that they don't interfere and we want this to not be part of the story. it doesn't mean that there will be other challenges but the part we could help with we think it is our duty to make this secure. >> a little bit of a square up on what will happen on thursday. what are new initiatives you could be thinking about? i know that you want to unveil some big things but perhaps give our audience a preview. >> we bundle our investor day with the user conference so that all the customers of cloud flare can come together. one of the things we are excited about is what we are doing with ai, building a model where you use it that that will run on networks so we've rolled

our inference capability to keep out 150 cities around the world making sure it's fast nd reliable and secure. that it could be local so that whatever you are doing, that ai feels like it's a person standing next to you in whatever culture or whatever location you're in. we are really proud of the world we fit here. >> congratulations to the closing sale and it's been a big couple of days. matthew prints the ceo and founder of this. net. mad money is back after the break.

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it's time for the lighting around. let me tell you the lightning round is here. are you ready? let's start. what's going on? >> booyah jim. i want to ask you about a stock that recently was clobbered when it had its reported earnings but it's been rebounding since and i want to know you what you think about it? that company is dated him. >> workday was not as good as i would have liked. let's hold off for a day.

>> thank you for taking my call. i hope you and your loved ones are healthy and safe. >> you're very kind. they are good. what's up? >> i'll cut to the chase, excel technology, a tls. >> that stock , that company is a good standing duck. let's go to greg in ohio. greg. >> i've been a first-time longtime caller. tg na. >> i hope that you will be on our club meeting on thursday. it should be a good one. this is with tv stations, i don't care for anything involving this. it's not where i want to be. it might be good for others but let's go to rocco. how are you? >> i'm doing well. what's going on.

>> these are up 52% year after year and with that announcement conference in june. >> apple was up by $2.30, $.40 at 5:00 a.m. and then they proceeded to give this up the whole day because the rest of the market was under a lot of pressure but interest rates are going higher because of the auction and people are fighting their nvidia purchases. let's go to nick in florida. nick. >> hey jim, how are you today? >> i'm good what's up ? >> i'm calling about an d.o., is it a good growth stock? >> moving may have but it happened. involving dementia, i sure hope

that they solve it but they have not. i know it's in the pipe. let's go to sal in new jersey. sal. >> how are you doing jim? i'm a first-time caller and a longtime listener . thank you for your common sense advice over the years it's been helpful. i appreciate it. my question is about bristol myers. up 6% of it ends, what do you think about this? >> i think that you'll be paid to wait for these things but it's going to be a long wait and if i wanted to be paid to wait i'd rather have pfizer than in bristol misers. let's go to matt in massachusetts. >> i think i dressed up a good one for you here. gl dd, ernie here.

>> i haven't looked at great lakes stretching stocks. i will have to take a look at that one. i like saying the name but it's not good enough around here so let's go to gary in nevada. gary. >> hey jim, thank you for taking my call. i'm considering adding an investment management company to help that with my portfolio. i want your opinion on t. rowe price? >> i think it's a bargain. you have a 4% yield. it's done so many good things for the investors. i'd love to join you in earnings now i think it's a great idea. eddie in new york. >> hey uncle cramer. i appreciate you breaking all this down for everybody . it's like having an uncle in the business. >> thank you very much. >> you're welcome. i want your opinion on -- harboring between 21 and 23.

>> i'm no longer going to say that's a stock to own because i cannot figure out what they do. that is the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. 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.

>> we spent a lot of time trying to figure out data points that are all over the place. a big >> reporter:, a side of coke, mcdonald's. there's also bloomingdale's are

blooming lemon rather than trading down to coals. we learned last week bloomingdale's is doing great. there's a divide between the haves and have-nots. it's not new. let me tell you about the very rich they are different from you and me. one of my favorite lines from a great book in 1926, the rich really are different but the difference between 1926 and now is that there are more rich people these days for a variety of reasons. their spending habits don't have a lot in common from the past. they are going for the $90 hamburger or the $5 discovery box, there is a routine. the rich aren't interested in do-it-yourself home renovation. they may not know it diy stands for because they would let a contractor do it.

they won't sacrifice the house that they bought for cash or 3% mortgage to get a new home with a 10% mortgage it if they've got enough cash to buy it outright they will be willing to get into a hitting war for their home. their home base, they throughout the whole discussion because they don't seem to mind paying up for something that did not miss the ball. we are wasting our time trying to figure out the consumers desire to spend. even if they find that they don't have as much flexibility because the do what they want to do in business but in terms of consumption the haves and have-nots have very different habits and trying to average the mountain this gets you nowhere. i'm making vast generalization so don't take me too literally.

last call starts now. right now on "last call", the virgin roads, why two big indexes are doing something they rarely do. is there trouble brewing in the friendly skies? any warning has american and other airlines down the big now. close lining the sports books. one of john d rockefeller's own can is sliming exxon mobil. why the other shoe could be