conditions >> karen >> yes i like guidance muted. that's okay. i think a little bit there. >> and viking hold,iings a cruise i think it goes higher. >> thank you, carl, for being here. >> thanks welcome to "mad money." my dobb is not just to enter

day, but put this in context because they are crazy. maybe it is just time for others to shine. that is how i feel about the new breaker that started with the salesforce two days ago. the gigantic hardware supplier and integrator. they spent most of the day getting slammed before finishing down just .01%. the dow sword. not bad. both aided by some wacky end of the month that was invisible to all but those who jammed if through. did not seem right to me, but that is what happens.

take a look at salesforce. it was able to balance 16 points today. hardware companies may have more room to run versus the software plays that have had gigantic multi-year moves. we do not think less of artificial intelligence regime. if this data companies sees the stock plunged nearly 24% in a day. by the way, i like engineering software, and engineering period. let's see what's on tap.

there are literally dozens of these companies, and they have been rallying lately. i have been a gigantic believer in the rebuilding of corporate america, which is a big reason

why i like this stock of ferguson. we have them on not that long ago. this is the loan software security company that has not missed its projections. i bet you he does a great job. we want to hear if this competitor to dell is seeing any slowing or price cutting. maybe they can instill some confidence. that is where the seller's remorse will come from. and then we have this company. we saw its stock collapse last earnings season. i like ralph lauren. especially ahead of the olympics. we know that times have gotten tougher with inflation still running.

when i go to my dollar tree i am going to give you a full report on monday about what it was like. campbell soup. it has been doing well as of late. making the best of in okay situation. i believe in him and the company and think it is in solid footing. what killed whiskey and bourbon? what is with the fireball? enough of the fireball. it is like cap'n crunch.

i cannot recommend the stock until we figure out what is going on with the liquor. the people have stopped drinking the browns and the clears. and then we want to find out whether they have decided it is time to stop going down the. reporting after closing this stock it now feels like it is wearing his cement collages while swimming in the river. we know there is some turmoil in other companies, but what matters is whether all of the bad news is already baked into their stock. you know that friday thing where you do not work. of that is over.

when it comes to this i am shocked. they cannot find a footing. i wish that they would merge with someone. i will get back to that. i am beginning to get a little bit nervous about next week. docusign. we keep think they are going to show us something. i am just glad it is not up to me to figure out how to turn this thing around. they should merge with another. like zoom. makes sense. finally we have the most important story of next week,

and that is the labor department's payroll report. how fun is this? help-wanted. i want to be really clear on this. the fed will feel no pressure to cut rates until unemployment reaches the 4% level. until that happens they cannot take action. we can talk about it, but it won't. it is that simple. i have no idea how we have gotten so fixated on the outputs of the labor market. i do not want to root for job loss, but this is really the only tool they have to fight inflation. when people get fired and home is get too expensive you know what they do? they move back with mom and dad . they can no longer afford to live where they are living. they may not be able to pay for

their cars or insurance anymore. that won't happen until unemployment spikes, so i have no idea how we got through all of this roller coaster. what is that about? enough. these changes are determined by friday's numbers but those of you who want the fed to cut so badly that you are staying on the sidelines you better hope we get some weakness in the unemployment numbers. otherwise i will see you in july >> thank you for taking my call. i need some help with pfizer. i do not know what to do >> at this point i think we are going to see some results. it is kind of like a cd with some upside. how about mike

>> how are you? i talked to you two weeks ago and you told me to buy more of the enterprise software stock. in the last two days it has been in crossed. i want to know what you want me to do now with service now . >> that could be an exception. we do not know. they are doing this. they have not missed. they have made. i made a comment the other day. they may be the only one that if you go to actually you might see a service now button. i kid you not. you better hope we get some weakness in next friday's job report.

otherwise i will see you in july. canada gaps new leadership keep it moving? diving into their report. we hosted a monthly meeting yesterday and still had so many questions, and we are going to give you a taste of the club right here on mad money, so i suggest you stay with cramer.

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this is one of the worst weeks for enterprise. i am talking about a cyber security company that had a fantastic night. also brazing before your forecast across the board. that is why it jumped up 8.5 today. what exactly allowed it to buck the downward trend? let's talk to the founder and chairman to get a better read on the situation. welcome back. >> thank you. i am delighted to join you again. >> i am delighted to see you. at one point in the call he said the results will guide our own growth and profitability

even with ongoing customer scrutiny. everyone tells me as soon as you have ongoing scrutiny of large deals therefore you missed recorder. why could you make your quarter despite all of those >> there is real scrutiny out there, but that is to make sure customers can save money when they deploy new solutions. most of the software companies have enterprises spend money for a year or two and then they will start saving money. with zscaler we replace a number of products. it can be firewall or any other product and when they are taken out customers can get better security and better user experience and save money. that is why we are able to deliver great results. we beat our targets across all metrics. we are very excited. >> i'm glad you mentioned that because one of the things i saw

last night was you were talking about taking it $1 million worth of other technology and do it much more. no one else in your business ever comes on and says we actually make good deals for our customers. always they cannot afford not to take us at whatever price it is. what makes you software so exceptional that people actually think it is a bargain >> it depends on technology. think about the television you bought seven years ago for $3000. the newer technology you can buy a better television for $1000. most of the security products in the market today are built on traditional firewalls built in, and it's expensive and complex. is like an electric car compared to a traditional car. when you cover in architecture

it is cheaper and faster and better. that is why we are able to remove a lot of products. look at most of the ecurity companies. you have to spend money. we are able to take out the cost of networking and security appliances and make it easy to operate, but we have to create a justification, and that is why we are able to close deals because we deliver value to the customer even though our price is not the cheapest. >> you do show that they prevented over 2 billion phishing attempts. that was up 60% year over year. incredible how dangerous this game is.>> it is getting more and more dangerous. it is making it easier to do more efficient attacks because they look real. an email coming from your cfo. now you can actually scan and

look for that stuff and figure out what is being generated by other sources. it is a race with the bad guys pick you are fighting a.i. with a.i. to protect our customers. they see valier untraditional security and taking them to this architecture and to protect them against a.i . >> that is why i need the copilot? >> yes. it is more than just cyber. when you are sitting on an island or hotel they do not know what is going on and they get frustrated. they will tell you exactly what the problem is. it could be your wi-fi. we make it easy for customers to figure it out and figure out any resolution. >> another thing i thought was

amazing. there are large banks that do not have your kind of zero trust. they are just out there and do not have anything? >> a lot of people think that just because they have firewall and vpn they have this architecture. there is a lot of misinformation out there. it is the opposite of traditional firewall based security. that is the fundamental reason we have some of the largest customers because we pioneered the architecture. i do not have any legacy security appliances with my business. they have to worry about that. i don't. we go and eliminate

those and save money and do better security. that is what is driving our growth. even the soft market. >> that is such a clear value proposition. let me give you one that really confounded me. you said after expensing a catastrophic cyber attack last year and large financial services new logo customer purchase. did other banks see that and not take you up on this?>> so they do. that is why eight of the 10 largest banks in the world outside china are zscaler customers. that is why over 40% of fortune 500 companies depend on us. that is what is driving our growth. the only thing holding us back is sometimes it takes a lot of time to educate people that traditional legacy is not good and you have to move to the next step, and that is a part of the job my team is doing.>> what i was so happy about reading your quarter frankly was the department of defense,

which i think we could not afford them to be broken into. you got that contract if it has to be the most important contract >> it is exciting, and to me it is not just a business but a mission, and to work with them to secure that is nothing but being very proud of. >> other people every day trying to get into the department of defense? >> every day. it is a big target. every big federal agency is a big target, and it is our mission. we have a sizable research security team. that is telling us what kind of communication is happening out there before any breaches happen. reconnaissance goes on. we are able to see a lot of that put together and try to identify where the bad guys are coming from. this network effect meeks zscaler better than most of the other companies out there. >> is probably one of the reasons why you have been able to buck the trend.

thank you, and good to see you again. >> same. i appreciate it. always fun to be on your show. >> you are very kind. "mad money" will be back.

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it is crazy out there.

they made it clear they have a lot more work to do especially with banana republic. this was a seven dollars stock just a year ago.

as of last night the stock had pulled back to the low 20s, which is pretty amazing. he knocked it out of the park. there is a reason why the stock turned into a rocketship. that is a huge upside surprise. all four of their friends had positive sales. i did not think that could happen.

that is how gap ended up posting that. working in their 4th straight. another huge positive. by that. he was not overconfident one bit.

i loved his tone. we are on a journey to become a high-performing house of iconic american brands that shape culture, but this will take time, perseverance, and rigor. old navy is seeing product improvement across the board. he goes on to say our roducts are being amplified through more compelling storytelling with each brand cutting through with clarity and better different haitian. the stores are a knockout. at old navy they said they are working very hard to make a

balance between value and quality. that is good. that is what they have to do in an environment where most customers are looking for a good deal. these are not big brands, but they were struggling a little bit.

they are apparently killing it with their yoga pants. it was encouraging to see them breathe life into it. they are both brand ambassadors. he is so good at picking out those people. they seemed to have found the right message. i could go on and on because i am thinking this turnaround is real. gap plans to centralize and

optimize. here is the bottom line. if you could not tell from there run today the come back is very much a buy. eventually they will make it harder for gap to surprise the upside. i am betting those estimates are too low. even after today's move it is not too late to fall into the gap. we should go to dan in south carolina >> greetings from south carolina.

>> i am thrilled to have you on the show. >> i'm trying to free up some cash and invest in some of the stocks recommended by the club at. i own a stock that got heavily hit by covid that i know you do not really recommend. it is trading around $15, and i'm trying to figure out when to get rid of it. it's carnival cruise line. they report earnings june 23, so i do not know what the right time or right price. >> let's wait for the quarter. i would much rather see you in almost any stock we own them that one. you got the list, so go to work.

the come back of gap is on track. i do not think this story is anywhere close to being over. much more "mad money" after the break. i am taking questions. we will give you an inside look at what they do every month for our members. cosco dipped lower. i will tell you why they might have one more chance to buy. and then rapid fire. so stay with cramer.

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i would start right here

and i might buy 25. when we get to 80 i might buy 100. the only problem with this is if it goes to 70 you are stuck, and that is something i talked about this week. if there is really a lot of volatility what you do is you use smaller increments. maybe start with 10 and 15 and 25. it is all an art and not a science. next up we have a question. uber has underperformed as of late. down almost 2% in the last 30 days. what is your thought on this stock? i happen to like it very much. maybe there is a little competition, but it is so big

and powerful that i am not that concerned. i would be happy to buy stock in uber right here and right now. the next question. i recently bought at $49. it went up to $65 with in two weeks. i believe in the long-term story, but is it appropriate to book some profits and buyback later if there is a para bolick move like this? it is what i call in unseasoned stock. it has ot been public for very long. we do not know how it is going to trade. each one has a different feel to it, and they had what was something that went right up. i actually allow you to take some profits. i happen to like it. in that particular case you are free to take some. that move was a para bolick move. you identified it, but i will say ultimately that it's a great

stock and you know i want to buy it. now i am heading to kathy in florida asking this. what company should i invest in now to be set up? i like very much what they are doing. i which ge healthcare would do something with them. the problem is that companies have not come forward yet. big cat pharma has not yet

embraced the things that they are doing, and it is their mistake. if i was them i would call and say how do i get out there and tell me how to make the most use of what stuff you have because they have not been the adopters i would have expected. that we have a question from joey in new york. airbnb has been in the bullpen for a while. what are you looking for? i am looking for it to come down. there is a people magazine piece about one of the great new houses that he has. all of the special venues. take a look at my twitter feed right now and you will see. as far as i am concerned he has defied all of the naysayers, and i am going to double down and see if it doesn't come in and get on the sheets. i would like to have more. next up we have a question from fred in new jersey. what books about investing in general does jim recommend? which of his books are relevant

to today's market? a lot of people still think that real money is my best book. it is my most elemental book. i like getting back to even. there are a lot of good stuff about options. if you want to know my all-time favorite business book it is one of on wall street by peter lynch. only the paranoid survive is a fabulous book about business. it taught me a lot about discipline. let's go across the country to frank in the state of washington. why doesn't the stock have more love? this is a very interesting question. i think some is because a lot of people feel it is a little homebuilder from philadelphia. it is most certainly not. other think how long can you make million-dollar homes in this country? it is an interesting question. the answer is we do not have many homebuilders that they are up against. i think they are doing a remarkable job of. the biggest question is how do you not own it yourself?

the answer is i have not always address myself correctly when it comes to the homebuilders because i have always been nervous because i fear rate hikes. i she be more fearful of rate cuts and missing it. both have been amazing stocks. last but not least. she says and summer vacation comes should be be by travel companies or cruise lines? i used to do that stuff. summer vacation. here is the problem. when i used to do that i was one of like 40 people that did that. now ou are dealing with 4 million people looking at that trade. we do not want to trade. we want to invest. we are going to find a solid companies and invest in them. out of the cruise lines the one i like best is royal and then norwegian cruise line. viking turned out to be a

pretty good deal. "mad money" is back after the break. (grunting) at morgan stanley, old school hard work meets bold new thinking. (laughter) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley.

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it is time for the lightning round. are you ready? i am going to start with andrew in south carolina.

>> i am seeing if you think i should bulk up on this a stock or lose weight >> i like the vikings more than i like therapeutics. i say you need to step your game up, partner. let's go to paul in michigan. >> what is going on? i have one for you >> one of the first stocks i ever bought. i say buy. let's go to todd in california. >> hey, jim. thank you for taking my call >> i have one i would like to

pass by you. >> they have two presentations this weekend in chicago. this is an amazing team that they have, and they have fantastic formulations. also heart and this i kind of thing going on, but it is a little far removed. i think there's stuff for breast cancer is amazing, and for lung cancer is incredible. we will go to joe in texas >> what are your thoughts on hawaiian electric industries

>> you do not want to be in that. that is a no. i want you to be in others. i do not care what utility you are in other than that one. that is the conclusion of the lightning round. trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. 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. (traffic noises)

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some stocks just cannot go up after earnings no matter what yet as soon as the decline occurs we run around rying to find out what went wrong. it gets hit nearly every time.

what is there to figure out? it seems to happen almost every quarter. searching for a reason is a total waste of time. yet people cannot resist. they keep looking for explanations. they even come up with plausible ones even though if they turn out to be untrue. now i get a chance to tell you why this is such an amazing buy. it can take several days, but eventually they turn out to be fantastic opportunities. even though cosco has a new ceo and cfo i am not concerned about the transition. he has worked there for four decades. he started as a forklift operator. he worked closely with the ceo. and he is the former cfo of kroger. he does have gigantic shoes to fill though. he served for 40 years.

known to be the primary voice of cosco and one of the best in the business. i can attest he is also the funniest. i think they have a good successor. it was always an amazing production. they have continued their tradition to do everything they can to keep their prices down. despite raising their membership fee. they do not want to do anything to make shopping more expensive then it is. where they can't they have no problem using their own kirkland signature brand. they try to provide at least 20% of value versus the national brand. they even created their own.

while i cannot promise to be able to max the humidity has become famous for i can promise the same level of open dialogue and transparency you have come to expect. to clear up recent speculation i also want to confirm the $1.50 hotdog price will remain in. revenues came in at 58.52 billion dollars. right down the middle of the fairway. after a prolonged drought they are gaining. and they are just crushing it in baker resales. the quarter was better than expected. the only thing that was in perfect was the stock's inevitable decline.

that of course is not new either. this is always what happens. remember to buy if you do not own it already. if it keeps falling keep buying more. i would like to say there is always came contessa brewer in for brian sullivan. right now, a $4 trillion tax fight. should the trump tax cuts be extended? the answer just got complicated. major player comes out against elon musk's $56 billion pay package. is that enough to sway shareholders? plus, and onslaught of severe weather rocks texas and the impact could hit wallets everywhere. we have all that and more over the next hour. last call