highs, but mid-20s, earnings growth, mid to high 20s, sales growth, 78% gross margins, looks interesting. >> tim will be one of 3,000 people at shay tea tonight. letter c, melms. >> thanks for my mission is simple, to make you money. i am here to level the playing field for all investors. i promise to help you find it. mad money starts now. >> hey, i am cramer, welcome to mad money. friends, i'm trying to make a little money. i want to educate and teach you. call me or tweet me.

apple, one. fred, nothing. that is all you need to know. the largest company on earth at about 3%. bringing the s&p and nasdaq to new records. despite the fact that they kept the rates unchanged at high levels and they will stay high until we get evidence that inflation is more subdued. how did they rally in spite of the fed? events have overrun verything at once. the consumer price index number that was very cool. much difference than we thought. the actual core increase was better than the .3% we were expecting. the fed will have what it takes to cut rates. so many praises fell.

new vehicles, recreation, eggs, turkey, ham, cheese, milk. the cpi number did not change. the fed put it in when starting the meeting yesterday. before the cpi numbers can be seen from the open market. no rate cut his year. after the cpi, that seemed wrong. although that can change depending on the data. this is just one inflation number that came out. you cannot have a hard line to stance off-line wednesday. they are saying if there are good numbers like today, then the fed can cut. if there aren't, it doesn't have to. it is gradually slowing. it is not superheated. that is perfect.

they are much less. we have no idea who could've changed their mind in response to this number. it seems to have caught them totally by surprise. overrunning the negative expectations causing interest rates to plummet instantly. which brings me back to the stock market. the last few days, we have seen news about big tech that have caught investors by surprise. a bullish set of events taking breathtaking results. especially in the nasdaq. the back to back explosion from apple and then oracle is more shocking and exhilarating. apple started announcing more improvements. they introduced a new product

that can trigger 1 billion upgrades. unless you have the promax. the iphone cannot take advantage of it. wall street and the press were pretty negative. they are more divisions in the analyst or the press. the groundswell support from the actual buyers of iphones shocked wall street. apple is running a percent since this week began. staggering. how about oracle? oracle actually had weaker earnings numbers. that's right. a huge rapidly growing business center. hyperscalers like google cloud. they have come in with gang buster orders. $100 billion worth of demand. that is incredible. that is what the bulls have

been saying all along. generative ai is real and ocular. wall street was blown away and rallied 14.6. for data centers there is a tremendous demand for the wares of microsoft and google. what goes into those data centers? what about chips. taking nvidia stock up 3.4%. that is extraordinary. nvidia just had -- the splits like this since the stocks tend to change. individuals ring the register on two or three of their shares. there is positive news from oracle. turning the stock straight up. i will give you a deeper analysis of my apple stance. non-spoiler alert, i can hear

that you should on both stocks and not trade them. i want to thank the well wishing thank you that we have received for the courageous stance. tonight we have one more set of great tech numbers. it is a $700 billion but came in. this company from the travel trust is trading gigantic lee after the bell. tons of people dismiss these moves by saying they are tech born crazy. j.p. morgan has advance. all of them are down and they are harping on the narratives. i'm tired of these people. interest rates came down on the cpi numbers and they stay down announcing this position.

how homeowners like home depot and lowe's, they burst forward. these are important companies, people. they would be choked by the fed higher for longer stance. and just to be sure, it is no longer reasonable. given the size of these behemoths, they are single industries that have become the single rocket. i am saying that these companies and those that follow them are so in proportion then i think what you are doing is you're cutting off your nose despite your face. let me give you some bottom- line advice here. they both were shocked this week. in a positive way. when that happens, you will make a lot of money if you are in the right stocks. or if you are still fighting

this move. how about we go to -- in illinois. >> hi, jim. i just wanted to hear your thoughts on pfizer with the stock that has been beaten down with a slow price to earnings ratio that has been making acquisitions. >> certainly. let's analyze the situation. low price earnings, why is that? not a lot of high quality drugs right now and prospects. they did by cgm which i really like. i agree with you, i think that you can own pfizer here. ian in pennsylvania. >> first time long time, how is it hanging? feeling bullish on life, my

friend. here is my question. i will cut straight to the chase. my position is redder than your world-famous marinara sauce. down 25%. can you provide some color as to why the stock is so undervalued? do you recommend buying, holding or selling? >> i am concerned. i think the company is good, they fixed a lot of their growth. in the last few months, the growth has slowed. there is no doubt about that. they have turned hard against anything alcohol. i will not recommend alcohol stock even though my wife is an alcohol business. people have turned on alcohol in this country and around the world. unless you are a very special formulation, ain't got nothing for you.

the fed and the tech sector have gotten shocked this week. you are going to make a lot of money if you are in the right stocks. one drugmakers discipline is becoming the key to its turnaround. is nvidia on track to beat a new milestone? later i am talking to the pg&e company. stay with cramer. >> do not miss a second of mad money. follow @jimcramer at x. send jim an email. or give us a call if you miss or give us a call if you miss something, head to our website ♪♪ citi's industry leading global payments

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as we get close to the second half of the year, i want to hear your portfolio for the next six months. prepare for a slowdown. many brown sheets showing up across the country. the fed mandated slowdown that continues despite the weak consumer price index. stocks are down what people are very excited for tech right now. fewer slowdowns than drug stocks. it is a good deal. wait a second. i recommended astrazeneca this week. we talked about them briefly.

i did not expect navarre is to end up on it. the stocks are really stuck in a row. after taking over in 2018. it was not much of a covid play. and at the same time, they started losing enthusiasm. taking a big swing in cardiology. for nearly $10 million. the lead drug acquired in that deal was very disappointing. many anti-inflammatory drugs they wanted to repurpose as a cancer treatment. that is where we came up with this new strategy for novartis. they are focused on cancer and

added less non-core research. we brought in outsiders with a fresh perspective. former a very smart drug analyst. the chief strength growth analyst at novartis. very important for them. in 2022, novartis decided to sell their drug business. again, the generic business is a low margin. this was another step in the turnaround plan making them more of the innovative growth company. last year ended up being a huge year for novartis. it all came together. they made huge girls with their homegrown drug pipeline.

there were very positive breast cancer trial results. they put some of that money to work with 3.2 billion up front. a pair of late stage drugs for kidney disease. last summer they announced a deal to for the preclinical stage. called dx pharma. working with neurological disorders. they begin a new wave of takeovers. wall street is very impressed. at the time of the j.p. morgan health scare, these guys were in late stage 12 to acquire a company called -- novartis worked walked away

after that. before we learned that there was be a bidding war with astrazeneca. i love that novartis did not change that. it shows a level of discipline they did not have four years ago. novartis did smaller deals this year. they are buying a calypso buyer tech. a range of anti-immune conditions. they will shell out ,■.2 billion for a german company with cancer assets. and a rare type of bone marrow cancer. they found out that they will snap up a precancer biotech. anything with no sales here. it is very early.

when it comes to the new drug pipeline, these are all small. know how these add up. that is what matters with these guys. these are very important. like many other big pharma companies, this one is going to face some negative press over the next decade. the tech patent protection for four years doing everything they can to fill the future whole. the biggest patent pothole is named presto. this is a huge drug. we are approaching the peak. generic competition is coming next year. i like the recent numbers. core operating income up 18%. entresto sales were up 13%. not something that we can count on for much longer. those new cancer drugs are not growing like crazy.

they have a multiple sclerosis drug that was approved in 2020 that only started doing good last year after long-term data about relapses. a first strong quarter in april. sales up 11%. same drugs leading the company growth and getting an additional growth from a cardiovascular disease they picked up. this thing had 139% sales growth. novartis published some promising long-term data. this is what got things going. they raised the for your guidance, taking the sales target to low double digits. from low double digits to mid- teens. impressive. what can i say? they keep delivering. that is why this stock is up

51% since 2022. i think it has a lot of room to run. finally they have diane novartis going in the right direction. the company is more focused , more disciplined than ever, with deep pockets to let them develop their own drugs. the bottom line on this one, the novartis story is the strongest it has been for quite some time. this stock is a real winner in a slowdown scenario. mad money is back in a moment . >> coming up, a closer look at the only dome traded club. cramer goes off the charts, next.

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everyone that has watched the show knows that i am a very simple approach to nvidia, the company that is powering the artificial intelligence of revolution. own it, do not trade it. if you traded, you will outsmart yourself. nvidia is a long-term performer. it messes with your judgment. it is a mistake to trade nvidia. they have become the most popular stock in the world.

tonight, we are going off the charts with the help of dan fitzpatrick. the founder of stock market mentor. right now he thinks that nvidia has gone brackets by after a 10- 1 split. that is where desire right now. it is headed at $200. why? we have seen how the markets react to the stocks. the splits enhance the values of stocks at a high value price tag. it makes investors feel more comfortable buying the stock. some get a pullback credit from the split. when you're dealing with stocks like nvidia, people register a few shares and let the rest ride. if this is you, if you have the stock to sell off, that

would've happened already. you can tell how the market feels about a company that fits -- splits their stock. if there weren't enough shares going around or people cannot get enough of it. if it was just liquidation, the stock would have pulled back. if it is something that is below money managers, the stock will not flinch. that is exactly what is happening with nvidia. the stock is down 1.5. those who did not feel comfortable buying a $1000 stock. they will not sell nvidia into a split because why should they? they love nvidia. with investors not selling at home gamers doing ore buying, it has increased even though the stock has gone higher. take a look. when we checked in two weeks ago, he said it was 2000.

he thinks it is still headed there within 12 months. this price chart might be conservative. it is a higher number and the stock is ridiculous. you have to understand the entire story here. they just popped out $100. a phenomenal quarter like last month. people really thought that porter could happen. right on this play on monday, the stock jumped another 3.5% after oracle reported it might have to buy tons of chips from nvidia. it is red-hot artificial intelligence data center. this stock would get overbuilt and you would have to ignore it for a while. is nvidia due for arrest? it's possible. he says that the stock and got

to 50% above the average before the momentum fizzles and needs to take a breather. just look at what was done in the past. in may of 2023. p got a split adjusted price of $40. it was 47% above the 50 day moving average. it has been four months grinding out the base. and then going higher at $50. the stock was not paying off. after a couple months it doubled from 50 to 100. this one is incredible. before peaking in march. this is $1 trillion stock. yes, 47% above the moving average. this period of sideways

training lasted two months before the trade out for big volume breakouts. fitzpatrick said that there is -- it is a coincidence that this thing is in place. hey, we love coincidences. is it so confident to believe that nvidia can keep running. nvidia should be able to climb $140 for the short-term price target. if the stock runs a little bit more before going to a sideways traitor. if we had more, it would go that way. you got me. if nvidia does start to peek at 140, then what? then it would have to rest for a few months. on average stocks will split. i will give you these numbers.

stocks that split will rally 25% over the next 12 months. that will play nvidia stock at 150. they are having an easier time going higher. i agree. in his eyes, it is only a matter of time. i don't think that matters so much. there are some people that buy a stock when it is down. one of the biggest objections is actually the easiest to debunk. there is a $5 trillion market cap. is that insane? never had it before. it must be possible, right? when apple broke through the $3 trillion market a year ago, that had never happened either. nvidia does not need to take market share. ai market is going so fast, it maintains the current position, the company will cleanup. nvidia is the most

straightforward way to better artificial intelligence. nvidia has more room to run. he still sees it headed for $200. nvidia, own it, do not trade it. let's go to melon in michigan. mallon? >> hello, jim, how are you doing? >> i'm good. anyway, my question is, when we look at dell for the next quarter, what can we expect from dell in the next quarter? >> a major neighbor from artificial intelligence. it takes you where you need them. on display at the conference that we all went out to sea. this is a very interesting and

attractive level. the stock went down 131 after people word disappointed in the last quarter. this is a work in progress and you should be a buyer of this stock. thank you for the call. let's go to frank in ohio. >> hi, jim. i'm calling from the great date of ohio. it is the home of the ohio state buckeyes. >> i love that on saturday. that always makes me's file. always. at penn state, they have that going to. the penn state university. >> my question is about mehta. i have been in and out several times. it has been consolidating since the february 1st earnings week. after a pop up. after today's lackluster performance, it was only up

about a quarter point on the day. is it time to unload or load up more of it? >> people are thinking just like you. the biggest concern is if the biggest advertisers are shein and temu. the other advertisers will follow in and they will split the stock. it is buy, do not hold or sell. suggesting that nvidia can keep powering higher from here. going to $200. vic was off after this round, own it, do not trade it. more mad money ahead. i am sitting down with the pg&e ceo to see what the company is working on. apple has shot to a record high this week. my sticking to the owner do not trade it thesis. and then we will have all of

your calls in the lightning round. stay with cramer.

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for the past year and a half we have been following the progress of pg&e that emerged from bankruptcy in 2020. pg&e has had a pretty good turnaround. grade execution avoiding wildfires that pushed the previous iteration into bankruptcy. pg&e put forward some multi- year earning targets. as long as they can make the

numbers. rallying from $10 to 18 and change now. what is the long-term plan for sustainable growth? right here at the new york stock exchange. giving that answer to cramer is the ceo of pg&e. >> thank you, jim cramer it is always good to be here. >> you have made people a lot of money. how did you accomplish what many people think is a troubled situation in america. >> the hierarchy of opportunities. force -- first and oremost, safety. a model that delivers real value for customers. leading to a d carbonized economy in california. >> i have done you a disservice. this is not your first rodeo. you are a boilermaker which is crazy. you actually turned around

another troubled utility in detroit. you did an amazing job. this is a similar blueprint. >> a very successful company. i had the benefit of following in the footsteps of another turnaround artist. i'm happy to bring all of my lessons learned to pg&e. >> affordable energy and is considered to be at odds with each other. how do you have a d carbonized energy system to be affordable and resilient? >> we are growing in california. coming from data centers, that has captured a lot of attention from investors. electric vehicles. they are selling in california. one of our counties, 43% of new vehicles sold were electric. 43%. >> i saw that you had a diagram

in your deck. if it goes like this or that. what i thought was incredible was the customer data center, i do not know if we can hold these up and people will see them. the number of data center pipelines is ridiculous. how much power will be used for these? >> we have a request for 4.5 gigawatts of power. it is a huge addition in california. we shared at the investor meeting today, by adding this kind of load, we can lower the cost for customers by lowering existing assets. this can utilize the grid that is about 45%. we can utilize the grid. >> how much do you need nuclear for? obviously there are is some

funding issues. nuclear power in your state is going to be something that the left hated. in your state, known as a liberal state, it is the best way to handle these problems. >> having carbon free energy is very important. that supplies energy for about 9% of california's citizens. it is an important carbon free energy source. the state extended that plant by about four years. >> incident reductions, the reason i mentioned cms, a decline in incidence due to 2008. how have you overcome the safety issue right now versus when we first talked to you? >> we have improved coworker safety, and similar performance improvement as well as customer safety. we have reduced wildfire omissions by over 70%.

that is when we balance that for high-risk days. the weather was good, the weather was bad. we are ready, 365. we are showing much improvement. >> this is important. a lot of people said that it was an intractable situation the way that trees were cleared, that was the fall of the utility. there's nothing you can do unless everything was buried underground. a lot of these turned out to be false. >> under grounding powerlines is a piece of the puzzle. a very small percentage. the layers of protection, we know, they have made customers safer. and for investors, this is important for your audience. there are protections in california now that protect investors when there is a catastrophic wildfire. our construct in california has changed dramatically.

i provide financial protections for investors so that we can attract capital to invest in the infrastructure that is prepared and climate resisting. >> they were talking about how some of these big titans will have to make deals with natural gas companies. what do you do with the tech titans that want to build in your state but they are not fitting in your plan? >> this is why we are so excited, first of all, to serve as the heartbeat of innovation for america. silicon valley, the bay area, we have a great data center demand. we can serve that by utilizing the grid. infrastructure to serve that which is clean. we are over 60% clean energy being delivered to those data

centers today. they do not have to invest as much to make sure they get the green energy resource that they want. beneficial for all customers. >> when we come out in september, we will see what we are getting into. >> at one of the transmission substations, that is important to california. we transport a lot of energy. we are the transmission company of northern and central california. >> i will put on a hard hat annual take me around. >> i will keep you safe, jim. >> that is the ceo of pg&e corporation. this is a growth utility. i do not have many of those in the book. we have more after the break. >> pop open those umbrellas, cramer talks to all newcomers in the lightning round. next.

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it is time, it is time for the lightning round. and then the lightning round is on, are you ready? sam? >> hello. jim, i wanted to find out if you have heard of the stock called amad? >> there is a better story. stick with something like -- a remarkable run this evening. kevin in new york. kevin. >> hey, jim.

i'm from buffalo. >> hey, my friends are from buffalo. what's going on? >> love it. i like dividends, talk to me about bti tobacco. >> life is too short. they help make it. >> let's go to jason in maryland. >> i have a big baltimore puglia for you. >> what's going on? >> you want to buy texas instruments. it has been too arrogant. they have a stock that is to higher. >> i am rooting for the yankees world series. >> let's do it with pinstripes. i want to ask you about the

variable dividend and devon industry. >> not really as good as it was a couple years ago. that is the better one or diamondback. let's go to. new jersey. gary? >> jim, good afternoon. love the show. i bought this stock 2.5 years ago posts played at 235. it is going down. now it is at 428. should i hold it or sell it? >> we like it. get into the fundraiser for a local hospital because they got one. i'm incredibly impressed. every time it is down, i slam this button because it is so good. now going to joal in florida. >> a few years ago you recommended six dollars per

share. i'm shocked to go all the way to 200. then i sold it. with how many shares i have it floated down to i think, around 90. >> definitely hold on. >> definitely hold on. he did a remarkable job. ameritrade is now part of schwab. it is the fact he is a patriots fan. apple is going to play some big winners. that, is the conclusion is the lightning round. >> the lightning round is sponsored by charles schwab. our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly.

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a truck driver stopped me when i was on the way to nyu. he rolls down the window and he says, cramer, appel, own it, do not trade it. i said, you're welcome. you would think that owning

apple is an easy win. it is hard to catch this massive move in the stock that was the largest company on earth before microsoft got that title. my mantra is only do not trade it. apple is an appropriately run company and is committed to being the best at what it does. you have to stick with stock during tough times. you never know when the bloom of greatness will surface again. owning it is the better strategy. let's look at the research work of gilroy. on january 2nd, with the stock at $192, he stunned us and wrote out the whole rating. and $166 price target. $26 less than where the stock was. his argument, the current share price reflects expectation which is less likely without the innovation rate.

he goes on and says, we await apple to get unstuck on the innovation front to generate upward growth with existing products and to add through new products. he did talk about the possibility of generative ai applications. it did not seem like apple was anything special to him. it drops in three days. at the beginning of february he issues another report. still hold. still priced at 166. he cannot upgrade after a mixed first quarter. seeing further deceleration in china sales. this shows the real tension here. well commentary is limited, there is a compelling opportunity to create new and compelling generative ai products. he wants to hear about those plans which will likely occur at the annual september event.

then on april 19th with worries about china and the slowing market, it drops to 165. bingo. he does nothing. nothing at all. he does not upgrade. apple is back to 196 on monday. four points above where it was trading with a much lower price target. that is unusual. it is supposed to be a nothing burger. introducing new ai capabilities on monday. and that is when he pulled the trigger upgrading his hold to buy. scrapping the 166 price target and slaps on a $230 target. why? there are some important new

features. the critical piece of information was that the functionality will only be backwards compatible to the iphone 15 pro which can lead to an iphone upgrade cycle. good call. he starts with the holdout 192. but he does not upgrade, he only goes positive when the stocks rebounded above where it was trading when he initiated coverage with the old hold call. only does it because they rolled out the futures he was waiting for that were not supposed to happen until september. only then does he say you should buy. and that is why i always say own apple, don't trade it. we never know when they will announce compelling new features. i have faith they are coming. and i'm not trying to criticize this one analyst. but when the stock took out the

price target he did not switch. i don't know why, but there is no truck driver thanking him, because he approached it like a traitor, and missed out on almost all of the recent upside. right here on mad money, i am jim cramer, "last call" starts now. right now on "last call" -- >> i don't think anyone has a definitive answer why people are not as happy about the economy as they might be. >> j powell sounding off, but comments on the job market are raising eyebrows. apple on a run at has not seen in years. have retail investors cashed in? plus, elon musk's moment of truth. the vote less than 24 hours away, but as always, there could be