>> tim, what are the best words in sports, tim >> ah -- game seven. >> game seven tonight, as you know, in florida you and savita will be watching it together. >> totally >> come on, canada >> letter c, citigroup tnkouncial theme. >>ha y for watching "fast." "mad money" with jim cr starts right now >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cray americas call me, with a big rollever

and the nasdaq seriously lost. the semiconductor, leaders of the market, got hammered once again. so it's easy to make a case either way could the tech be in a short-term peak and the rest is catching up, or is it big money is moving to the sidelines i say, buckle up it's a tough mom for big tech. after being away for a week, i thought with this much news with what i thought would be a quiet week we need to have a game plan. tomorrow morning carnival reports. we know the tsa is talking about booming travel and the cruise lines, strong bookings, but so far, it's only royal caribbean carnival is down more than 11%

will we play catch-up? everyone knows the good revenge story. the bad news a perception this will be the last good quarter for bookings it keeps dogging the stock after the close we hear from fedex. i think they'll have a decent quarter. by biggest worry is the fed has kept rates high. still, odds are i think we'll get better bottom line results after the close, this is really interesting, too they're now, get this. after more than 14,000%, double check that one, you get a stock that trades at just under 3200 too high a dollar amount for most to buy. my work shows that people tend

to -- we're now sees that with nvidia could it be the same for chipotle inspections threaten to drive up the costs. you know me, i'm not going to deviate from my position own chipotle and don't trade it. i'm not going back on that wednesday is huge. it starts with general mills this is a bit of a quandary. the business is usually viewed as vulnerable to the weight-loss drugs, but blue buffalo is on fire, and if you combine it with yogurt, which is a big winner in the weight loss word snacks, cereal and dough, this

is one of the quiet bellwethers non-ai plays or semi-ai, it's used -- when this stock going higher, it tends to go on and on, even though it's doubled since october. although it often pulls back in response to earnings, gore on bad. at the same time i think that a strong number play change the nvidia setup levi strauss rots, and what a run it's had, with the ceo michelle goss turns it into a revival. david faber often stalks about jeffries financial as an important indicator. i think that jeffries will deliver a good quarter, but i'm also concerned about the results of the stress test we get the results at 4:30 p.m.,

and i'm always concerned that one or two big banking will be viewed as vulnerable that may steal some thunder even if we get clean bills of health later on also, we've got to find out if the federal government is finally buying all the drones they can it's been incredibly slow, with the pentagon -- that's not the wave, though i think ava is a better way. on thursday we convene the monthly investment meeting we'll discuss the travel trust positions. we also, of course, this is also going to initiate a new name, which i think is very important. that means we'll buy something for the trust on the call, plus a second-half look thursday morning there should be fireworks, as walgreens report maybe the ceo has something up his sleeve to stem the bleeding.

i can't figure out how he pulls this one off tough, tough call, but he's a smart guy. he's only gotten the job since last october, but i'll bet something happens. the street is taking down price targets again. i keep thinking that mccormack can get its multiple back. next, treasury auctions all the time these days, don't we? including those on tuesday and wednesday, but the key will be thursday when we see the results of the 44 billion auction sevenh way paper. this could be dicey. that's a huge slug of bonds with action after action. we need to get used to the concept of treasury funds rising, but seeing how they can hammer us on the stock market. this may be an auction too far

there's so much spare money is going into catch, not into a seven-year note. thursday is the presidential debate trump, just trying to figure it out. let me know. friday, a key indicator of inflation to see if it can be tame i'm talking about the personal consumption deflate lord report which could help jay powell figure out the next move that's what people tell me no matter what, by this point of the week, we'll continue to discuss something more to do with the overall comment -- the reason why we pay so much for the megacaps is the growth isn't slo slowing. s not a new prescription, not a new conception, but it's gotten

bigger than we thought pop bob from arizona, bob? >> caller: baba boo-yah. >> how can i help. >> caller: i'm a member of the club. >> thank you. >> caller: i want to thank you for everything you have done for us home gamers. >> i hope to see you on thursday's call. how can i help you now >> caller: i started a position in a company, and i'm down about 30%. i'd like to know if i could get more, hold on our get out. it's five below. >> that last five below quarter was terrible they did say they were making progress in making things better, tick what areally on the sh shrink means let's come up with another word that doesn't sound like

stealing i don't want to buy more, because i think this quarter will not by good i don't want you to abandon it their headquarters is at eighth and market where my mom sold lingerie on the third floor. let's go to riley in california. >> caller: hey, jim, boo-yah i was curious if you thought this was a good look. >> deere is such a quandary. it's a bad forecaster of itself. ben did an interesting piece about what could make it bottom, was it trades so crazily, as i look at ben here i don't know, deere is just too hard it's because they make it hard they forecast so badly. it's possible that money moving from the tech to the sidelines, and the other segments are enjoying a rare day in the sun

i say hold on. we're compare two home builders. then, with crypto pulling back from the highs, the original asset class is a holder of value and the ad complex may be getting crushed here, but one company bucking the trend -- hpe. you're view of how the stock that is found its footing, and made my a believer stay with cramer

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last week we heard from two of the nation's largest home bi bi builders they told an interesting story these stock started rallies over two years ago with the etf more than doubling during that. this time, it was different, because we got a huge housing shortage going on. meanwhile, rates came up so rapidly that existing homeowners won't sell, that means new homes are often the only game in town. how long can that last the home builders started the year strong again, because wall street figured make six rate cuts this year, but as it

becomes clearer, we may get one. homeowner sentiment has worsening, and investors see unsure on what to do with stocks which is why we are watching the numbers so closely what happened? lennar said on monday night, you know, the market hated it, but when kb home reported tuesday night, you saw a different reaction so why did wall street heat one and love the other let's start with the lennar quarter. the actual results were good, a clean top and bottom lines first, the chairman miller used a very, very very, very very bad work he says purchasers remain responsive to increased sales incentives oh, boy, incentives. that's not what you want to hear that's why lennar average sales

price was $426,000, down from the year before. >> they came in -- the average price was below the business estimate 3.65 per share, when analysts were looking -- ouch, because this company has been beating and raising for i don't know how long it's been an idea that's been floating for a while, they're not planning a 6 to 8 billion spin-off in order to become more asset -- and they made substantial progress not everyone loves this idea, in part, because it seems to indicate lennar is more bullish, and there's a lot of uncertainty how this would play out. but why did kb home get so much love they gave us a robust top and

bottom lines their average selling price increased slightly in terms of their guidance they antsed it was just slightly below analysts, but the price became unexpectedly higher more important, kb homes provides full-year guidance and raises guidance. boy, that is brilliant that's a triple play that's exactly what you want at the same time, they guys spent less time for the need for sales incentives to drive businesses the official comments from the ceo, he said buyers remain resilient despite the roll tilt in interest rates, end quote there was some incentive talk. kb homes specifically lamenting

that mortgage rates didn't come down they still have to do that later this year, if rates come down, ever after reviewing the quarterly results, i'm actually more sanguine about lennar that the market seems to be, though i like kb homes a great deal i've been predisposed to like this group for a long time we're simply seeing two different strategies lennar has always been clear about its strategy 4 wasn't steady numbers so it doesn't get backed up with inventory,where a homebuilder can get in trouble that numbe one priority is to keep moving units. they're much less worried about getting stuck with excess inventory. it's the same dynamic we're seeing everywhere. do you cut price the fact that lennar is seeing

big increases in deliveries tells me there's demand waiting in the wings for home builders, and offer people slightly more generous terms, or saying mortgage rates came down, which would be a godsend the most important feature is the trurl imbalance between homes for sale and people who want to buy them remains generally in place we have the housing shortage that's the wind at our back. lennar's has somewhat of an overhang until we see the full details, but i trust they'll make the right decisions again, what makes me like lennar even though one went down and another went up, i'm pretty positive on both stories while this should theorically, the housing shortage hasn't gone anywhere

bottom line, if we get any re relief, that would bring in a new wave of buyers, which is why i think this bull market is far from over. "mad money" is back. >> announcer: put the pedal to the metal. next ♪ there was a tree, down in the woods ♪ ♪ the prettiest tree, ♪ ♪ that you ever did see... ♪ ♪ now the tree has roots that need water to grow ♪

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with crypto continuing to pull back hard from its highs, i want to talk about the original as a great holder of value, precious metals, though shall we call them heavy metals that's what they are -- c'mon, that was funny i'm laughing on the inside because they have felt heavy lately ever since highs a month ago. while they're most by going sideways, it's a big change from the namal runs that's why we're going off the chart with carly garner, she's our terrific technician. three week ago she told us copper week weak, so where set she come down on heavy metals.

after long periods of consolidation. you tend to get the best buying opportunities when the precious metals have no momentum whatsoever right now garner says they're both at an inflection point. she things the latter is a let's talk about the backdrop. check out -- it measures the green back against a basket of foreign -- and garner is very

important to know -- when the dollar comes down, they go up in price, but it's been hovering at between 100 and 107 for the better part of two years, and you can see these are moving averages, but they're a collective view. now, when you look at the williams percentage r oscillator, what is that it's created by a friend of the show it could be due for a pullback this is a williams person, the rsi is although -- and, according to garners that points to a long-term

weakness and it almost looks like a mirror image through the financial crisis. and a boost in silver, it almost always happens if they're eventually coming down, as i do. that's -- higher rates make it less likely -- these are all complex conception so how about the -- the silver

rally ran out of steam at $32 last month, which was an important level. however, the failure to break through that ceiling doesn't mean it's peaked it just complicates things don't forget the geopolitical tension is still with us it's been a strong floor of support, so 2075 is likely the level, the green line, and so she thinking that it's mostly 10% correction >> when you zoom in on the daily chart, there's a much more positive picture

the way it tends to trade over the course of the year, it's a significant low in late june or early july >> it was a bit extra, and now we're digesting these moves. so you have permission to buy golds when it dips, and she says it's going to dip. when you look at the, for gold during the financial crisis, and after massive government

stimulus, gold made a big move before the crisis and two runs around is the crisis >> and in her view, we're now in the third step of what she calls the see, left of support >> we're not over extended here. if gold futures can hold above trend lines. for any serious pain, and then, on the on the other hand hand. if light summer volume allows it to decline, she would recommend

buying aggressively. it's not over yet for these, but don't get too excited. you might want to lock in some ga games. >> know what i think that's actually the responsible approach let's go to mark in iowa mark >> first off, thank you for taken on the work of the investing including. >> i hope you're on the call on thursday i think it will be a good with us >> rand i've seen estimates that put it up around $3,000 an ounce by year end. this was purchased wet before the highs and gold prices. they have met the first quarter

numbers, have a press of 20 times and eps of 82 cents. at today's stock price, would you it be wise to hold this stock, or is it time to ring the regi registers. >> my take is please don't give up on this one i expect it to -- after listening to garner, but then i would buy it, not sell it. there's been oats that have -- my addiction has not been requited the eagle is the better one even up here. wow, ouch. ron in florida, ron? >> caller: jim, how are you doing? >> well. what's up? >> caller: i've been watching the stock, and it's been a nice

slow and steady investment it's got me diversified, out of ai it's been going up nicely. now it's had a nice pullback i wonder if it's in trouble or time to buy more the three-month chart looks really interesting that is crh. >> okay. we have cr hh, as a great industrial, but i'm going to be really candid. they're a building materials company, and i didn't think the quarter was excellent, but others had excellent quarters, and they went down i want to say it's deservedly going down, and i don't north where it stops i have to have them back on. it wasn't give enough quarter. some disappointment. the charts say you my want

to -- i think that's responsible, how does a.p.e. fit into the aie system, plus, that stock has been stinking it up lately, depending on how you want to say it are they -- i'll tell you what i'm seeing and tonight it's the lightning round, so stay with cramer

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>> some of the hottest ai hardware plays have pulled out

significantly. >> sell sell sell sell >> you know what's holding up surprisingly well? hp enterprise, the makers of servers, stoke and equipment this one is interesting. i think it was laid to get into the ai game to begin with. in fact, it was still in the mid teens through earlier this year. management hit us with underwhelming guidance the beginning of 2024 pretty rocky, too wall street didn't like it when hpe reveal the acquisition of juniper networks for approximately $14 billion in

cash knock wanted to hear about a memory company, they want to hear about ai servers. they tried to bring more exposure, but hardly anyone bought that. then the company reported another ugly quarter with disappointing guidance at the end of february, yet the stock caught fire in response to the quarter. when the stock rallies on bad news, as i always say, that's when you know that the bottom has arrived. even as hp enterprise kept trying to pivot, nvidia, about how they were going through the hardware and software, it didn't seem to help after all, nvidia made dozens of these announcements. back then, i spot to a lot of people about i came out here, and said you have to get right with jensen. that means tech companies have to have good relationship with

nvidia at the time, dell seemed more prepared than hp enterprise. they have changed the narrative. just last week the first time put the stock, ahead of the early june reporting because hp -- they weren't getting enough credit, and maybe being too criticized, but the real turn came when the company reported on june 4th they were simply much better than expected. they have a top and bottom line beat, while giving proper guidance for the current quarter, they finally got the ai messaging right, okay, with the ceo devoting most of his prepared remarks to the topic.

he noted that ai systems revenue doubled more than quarter after quarter, to over $900 million. that was astonishing in part because of gpu availability. in fact, nvidia was mentioned ten times on that call and the azure platform to the infrastructure in order to gain more capacity, very bullish, includes openai, and if there are -- if it's good enough for openai, it's good enough for anybody, isn't it? finally explaining, why it should be considered a winner here see, hp enterprise is the leader in liquid cooled systems, increasingly necessary for the hardware he noted that they would be

joined later at the las vegas using conference so they have a clear message, in response, the stock jumped more than 10%, for anyone who missed the ai development, they hammered the message hole last week they announced, and i'm quoting a portfolio of ai solutions, with combined sales efforts to help handled the adoption of generative ai. networking and software with hp's ai storage, compute and the hp green light cloud, et quote and now it will be more competitive. as promised and perhaps most

important jensen huang was there in front of a packed audience. he referred to the expanded nvidia/hpe collaboration, here i'm quoting, as a massive partnership and very big deal. he was pretty excited how they could get ai technology into the hands of more customers. this ecosystem of partners, because of this, it makes it possible for the first time to bring generative ai to every single company in the world, end quote. what an endorsement. i think it's fair to say that it's caught up in ai, that seemed to be crucial nvidia decided to work with them, too, and they're excited about the business you know, i'm excited about the stock. i brit this inning right now, because the whole complex we know is just getting flushed i mean, i'm not a fool >> house of pain.

>> right ened and practically everything has run up hold it, not everything. hp enterprise, that hasn't even after jumping from the mid teens, itnow trades less than ten times it's earnings. that's ten times because hp enterprise was so late to develop its strategy and effectively communicate that strategy, this stock is not nearly as overbought it could go higher that's why i think it could keep going and rallying and rallying, even the hottest names in the space. i think they're taking a much deserved breather. "mad money" is back after the break. >> announcer: coming up, pop open the umbrellas and tee up your toughest questions. cramer takes on all comers in

"the lightning round" next

♪♪

sandals jamaica sale is now on! with rates from $199 per person per night. visit sandals.com or call 1-800-sandals ♪ it is time for the lightning round. are you ready, skee-daddy? brian? >> caller: boo-yah from chicago, jim. how are you? >> i'm doing well. how about you? >> caller: i'm great this stroke in the glp-1 space, and i've been dollar cost averaging on the way down.

how about therapeutics right now? >> you know, i'm not going to deviate for a young company that needs a bit from pfizer, i would say, to go up against lilly is very hard. let's go to barry in wisconsin barry? >> boo-yah i'm talking to the man. >> i like that. >> i be the man, yes >> caller: i'm i'll get right to it pretty today the energy has been given my heartburn deluxe. >> wes eaten -- when the president said that he was going to put a paw on new lng building, that just wrecked the whole story. wes had a great plan if somehow were the president to change his mind -- i don't want to leave wes here. he can come on the show anytime

he wants john in michigan >> caller: how are you >> i'm doing fine, just back from vacation. >> caller: hey, that jacket fits you. >> well, there you go. thank you very much. what's going on? >> caller: i'm a first-time caller and lifetime listener i had a question about a stock from a while back. i was wonder if i got out to early? >> kava, we talk about chipotle, kava feels like it has the possibility of being a chipotle. even though it had a big spike, i wouldn't abandon it. i would look to buy more.

okay jim, the ipo research leads me to my question about rubric, rbrk >> it's a good company, but again, this market hates enterprise soft way. it had a run from 2010 to 2023 these prices it seems nobody is interested nobody cares let's go to chris in florida. counter is >> hey, jim, we talked a few weeks ago. i offered to co-host, the offer is still open. let me know when. >> let me check with the other co-hosts and see how they're thinking. >> caller: my background is logistics. yesterday we had a huge announcement, over a million i'm wondering, should they have been looking at the stock and the company we talked about?

swrd, forward air. >> yes the answer is yes. you've got a bea on things there's great consolidation happening in this industry i thought rxo got a great buy there. sometimes there's winners, sometimes there's loser. let's leave it at that, because people like both sides let's go to edward in new york >> caller: a few days ago she, major pharmaceutical stocks, one of the largest holdings, bris toll meyers squibb. >> it has a good different it's going to take a long time to come to fruition, so, i think it is bottoming. and we both feel like it's -- as we do. that's the conclusion of the

lightning round. >> announcer: coming up, a rare day in the red for this ai darling, a dip worth buying or a blip worth watching? stick with cramer. ♪♪ ♪♪ citi's industry leading global payments solutions help their clients move money around the world seamlessly in over 180 countries... and help a partner like the world food programme as they provide more than food to people in need.

together, citi and the world food programme empower families across the globe. ♪♪ tamra, izzy and emma... they respond to emails with phone-calls... and they don't "circle back" they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours.

the stock can only stop going down when it stops being top of mind. it needs to stop being the object of so much awe. until it disappears from the front pages of our mind, it will probably struggle. microsoft is the stock market's largest company, but just too hard, for many to fathom, as much as i love this country, i don't blame anyone for failing to appreciate. i didn't feel that way going into my vacation with my two daughters in the backwoods of montana. i tried not to focus on the

market when i say nvidia pass microsoft, i thought uh-oh, that's too much for the skeptics to take. sure enough, after a lot of more than 500 billion in market capitalization since the breathtaking, some are saying it's in a real ferocious correct. it does make for a pretty vicious -- the day nvidia passed, i complained to the kids that my buyers turned sellers into panicking, and they dump at any price. that's not a strategy. the fear is stoked by short sellers. they'll just short and short and short. they don't know what they're doing. i told my daughters, the owners and renters don't understand it's better to hold on through the selling. over multiple years of trading

it's never been a straight-unstock it's always been a volume tiff trade that only gravitates higher you request call it a stairstep stock. that's what's going on now it's a rocky moment. many shareholders didn't get to the promised land. this is one of them. i wanted to know why peopleant seem to understand that. we have seen this pattern so many times before. saying that i had unprecedented access i knew that nvidia was revolutionizing everything the chips he is making is the most important part of the ai resolution and just a stock that goes up, end quote, and now is going down, then it's time to say good-bye

you know what? my daughters are right they're wise to my ways. those wouldn't have brought me that terrific leather jacket for father's day if i weren't a true belief i've seen too many selloffs -- it's something we aren't anywhere near to we're still to the year 2000, when tech went too high. the actual slacking will come from those who say intel has something better than nvidia the intel hawks just like to lose money, an expensive addiction. if you think there's no industrial revolution, or the nvidia team hasn't seen the future, i say sell sell sell, or get out now, but if you know, like i do, that nvidia's chips are far ahead of everyone else, that they're ushering in an era, just accept there are moments

you have to take a beat to make big money later on as i told members of the investing club, we are at 2024 beatdown moment, so get ready to take a little more pain before the next round i always like to say a bull mark is somewhere i' >> right now on last call, in the crosshairs congress moving to ban drones from china's biggest manufacturer and wait until you hear why. a bit: beat down. why the newest crib selloff can prove different than others. i will estate wake-up call will get data from two key cities. i wonder if it could be a red flag for housing elsewhere? all that and more over the hour. belly up or buckle up because last call is up right now.