>> shout out to quentin tarantino and all of the pools and people that owned the houses that tim cleaned. >> i'm sure he performed a very good service. >> and he cleaned the pool, too. >> letter "m," melissa. >> thank you for wchating "fast hey there, i am cramer. welcome to mad money. call me, one 807 43 cnbc. do you know why this market won't broaden out beyond a few gigantic objectives? i will tell you why.

pool corporations. that's why. i landed on it being exactly what it is. building, fixing, maintaining everything pool related. swimming. last night, they revealed that they were drowning in the deep end. this was a horrible, declining business. this was a stunning ripple of pain. this is from vast parts of the market. s&p advancing 3.9% from the tech heavy nasdaq. they have pool exposure and more ai leverage. still jumping up 1.6%. unless you own a pool, you may know the corp.. if you know any stock related housing, you are looking at one of the better days that you have had in 2024. the infamous pool corporation says that quote, persistently, we demand from new pool construction, and activities will be down 15% to 20% for the year. not just construction, but

remodeling activity could be down as much as 15%. pool went very deep into the deep end. they blame the consumer. she is in spending on discretionary goods. including swimming pools. they have outdoor living projects. that's why the business establishment is going up 8%. this is from the corp. alfred phillips his outfit. we saw something that was remotely related to a house. lowe's, home depot, outdoor stores, fortune brands, fixtures, cabinets, carpets, they all got pulverized. frankly, i haven't cared for bull corp. corporations, but it might be enough to build a new pool in california. you are in one f those ironic droughts. is this the company? is it right for the company to blame the consumer? are people really raining in their discretionary spending? carnival, the cruise line

company, reported a record- breaking set of numbers today. what is going to be more discretionary than a cruise? this is truly hard to figure out what the consumer is inserted -- interested in, or what they are willing to spend on. because of that, we have wild stocks like this. we come out here for the last five years. we are recommending these big tech plays. this is why i don't care one bit about whether this market blows out or not. what am i supposed to do? is this until we all start buying pools? that makes sense. we should put all of the stock taking in the hands of pool aficionados. should we just ignore it when we get incredible pullbacks and enterprise oriented actions like this because of pool? i'm always trying to find for you, the stockton parent companies that are doing great

things, and continue to do great things regardless of the cashback or the homeowners. on the other hand, i'm not going to draw at all to the socks that may not work, is some of the reserve officials say they may or may not cut rates. that puts me in a position where i tell you to own some stocks that may at times it moved to buy. microsoft had just done. apple had just done it. amazon or apple have just done it. i own them. i would like to see them. i would love to see the market right now. i'm not going to help brought it out myself. now with my charitable trust money. i'm looking at the consumer. only to find out the consumer doesn't want the new pool, or anything that can help hold it. now ridiculed as part of some bubble that is going to hold tomorrow. i don't know about consumers out the back window. to build or not build a pool? that is the question.

don't make me figure out what they are doing with the big cut rates. this is not about what they could be. they are going to build more houses. they still don't want to sell it. i can sit here all day and listen to every single one of these actions. this is what they have to say. they love them. all of them are just looking at the stage now. they have their interests. this is the only part that really matters. i say thank you. who cares about these anyways? what does that have to do with invidia? let's call it. it is simply bigger. this is versus the customers at invidia. they have no idea that they should put up a pool to increase the value of a home. the pool customer is strapped. they have matured. the pool customer might prefer to swim in a pool.

they are frustrated because they might need a home. how about invidia? how about its customers? how about amazon, alphabet, and microsoft? do they make worries? do they look what they are worried about interest rates? companies that can pay cash don't worry about interest rates. they are worried about the cleveland fed, minneapolis fed, or any other regions like st. louis or philly. it is like this ice hockey team in the same city. investment companies care more about ice hockey teams than the fed officials. they can't buy the hockey team. is invidia a customer for we are -- for real? are you kidding? do any one of these companies buy any chips? the other guy will think anything that customer is going to lose is there. if amazon were to lose today, they said they are going to make their own ships. they will go so far behind in cloud and for structure that the clients would truly migrate to microsoft in a heartbeat. they can't wait for amazon to

have a competitive gibbet. that will kill the business. from the recent decline, it is easier to own, not trade, but to own sherry is -- share areas. also, a clueless consumer. if you are trading, you end up missing rebounds like today. that is what today was about. bottom line, doing things straight, i'm not going into the deep end. we have the greater participation. i'm simply going to stick with the stocks in the best companies in the market, and tell you about them. if that leaves me hand over bid with invidia, then so be it. robert in new york. >> hey there, jim. i love calling your show. i think you are so awesome. i ran out of a steakhouse right now with my friends to call you. you give me the best advice i have ever had in my life. >> are you having the cowboy? are you going for a top walk? >> i'm actually having the porterhouse. >> are you with someone else? you have a doggie bag?

>> i'm probably going to eat the whole thing. >> table winter. >> [ laughter ]. >> i have to tell you, you brought up a very good .4 or five days ago were you told everybody to get them on the way up. you have to pull some money off the table. you are right on the mark. it is easy to make it on the way up. >> everyone is a genius on the way up read they own the triple x zy google net. nasty buy. >> you are exactly right. that is why you are the man. >> thank you. let's trade some money. >> the company seems to be about undervalued by 20%. most analysts are looking at this thing as a buy. they are doing it with a ton of business in macau. i think this is going to definitely boost the revenue. are you a winner? do you have a way that is still

a win? >> a win is ridiculous. thursday at 12:00. what do we have to do? what are they doing wrong? the answer is, they are connected in any way, shape, or form in china. that -- how they act. i have got to tell you, this stock is way too cheap. i'm not going to walk away from it. it is going to 85 before he goes to 100. that is what i think is a win. if you think we are going to dive headfirst, this is part of the market. do not hold your bad breath. i'm simply going to keep treading water with the best companies. companies like invidia. by the way, how about a little thank you for the man tomorrow? you don't care. you are thinking about the next thing. uranium. on mad money tonight, the consumer discretionary stocks that are working are giving the consumers a good deal. what about investors? i'm here to tell you -- i got kinda fired up right there. immunization is going to be the

blackbird for a while. i buy could make you a fortune. i will tell you why. we learn that you are using charging microsoft. you have trust violations. this is another thing, whatever. no. you are trying to figure out what is really going on. stay with cramer. >> don't miss a second of mad money. follow cramer on x. have a question? tweet cramer. send him an email to mad money cbn seat -- cnbc.com. call one 807 43 cnbc. had to mad money .cnbc.com.

[thunder rumbles] ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪ with the price of just about everything inflating these days, you may wonder why mint is deflating the price of mint unlimited

from $30 a month to just $15 a month. well, it's easy. we know a great price on a great product is better than one of those things. right? does big wireless really believe that these things actually work? ( ♪♪ ) ( ♪♪ ) this one will never see the light of day. all right.

this year got real ugly for

retailers. there are some stories that make out like bandits. this brings me to cramer favorite. bargain outlet holdings. i always like tjx. let's focus on apparel. this is all about the general merchandise. this is what they call that program. i understood the composition. i love the place so much. i thought i might be promoted. then, tragedy struck. this is going to be with mark butler. this is the regional to national story. one of the most charitable people that i have ever met in

business, suddenly died. stock is coming through. we are looking at some supply shortages all over the place. we had regular retailers. they didn't have anything left over to sell. since then, the stocks are working their way back. into the supply chain crisis, and when the levels normalize, they started getting all the merchandise that they could get. this is gotten better and better. these all prices change. they put up tremendous numbers last year. when the counter flipped to 2024, they went sideways. investors tried to gain some net. in march, the company also rolled out the conservative forecast. it didn't have much luck. maybe they are worried. right around when they were selling off in april, people started to look at the consumer.

anytime you hear any consumer related hammering, it should make you want the off-price place. poole corp.. it is what ollie's is looking at. they have too much merchandise, and other choppers are looking for deals. ollie's, reported a fantastic quarter. sales are up 3%. higher than anticipated revenue, nearly 11% from the year. it is worth margins. a percent earnings over a 65% base, that is up 49% from last year. as the ceo put it down, our unique visits metal is doing exceptional values from the greater merchandise that our customers want and need. at prices 20% to 70% below the factory stores. everybody loves a bargain. bargain is our middle name.". on top of that, ollie's, made similar forecast only two months after coming out of that forecast. i love that. how did they do it? this is going to be the

closeout industry as a whole. they are being supplied by large manufacturers can't be coming out with new and improved products. many retailers are supplying them with the old stuff off of their selves -- shelves asap. this was given the week that we had seen lowering compasses. do you know what is interesting about this quarter? positive surprise. ollie's, seem to be gaining some traction with hiring consumers too. they noted with that quote, ollie's, is continuing to see a trade down of higher income consumers,". they are completing -- considering the $200,000 household income range. this is more affluent than you expect from shoppers with bargain outlet going through their name. if you remember -- are a member of the army like i am, orange, yellow, it just pops in your email box. the bargains aren't palpable. so positively, grade dancing

like opportunities, just that i had to go in here. why do i need to be caught dead in that ollie's store? stop worrying about if everybody sees you there. some bargain brands have mentioned that they are pulling back from lowering their even consumers. from ollie's managers, and real estate is considering a cash-strapped trade they noted that when he comes to the industry as a whole, and i'm quoting this again, underpenetrated and lower rate income consumers are here. he added that quote, lower in crumbs cohort is relatively stable." let's talk about that. his people are stable. the industry is growing nicely. management is saying that quote a number of eager players buying and selling closeouts are striking.". they are looking at the former $.99 only stores. this is located in the auction. this was excited.

just because they are paying cheap for key places. they said that shrink was wall street's action. this remains elevated. they told us quote, they have a little bit of a plateau. they have 10% of the stores. this is from below the half shrink problem. they have been working hard to figure out these problematic locations. this is part of the loyalty program. 14.2 million members, and these members represented 80% of the total sales in the quarter. i am not trying to tell you to get a list in the army. i think we are doing it where you can save so much money. this is going to be looking with some price targets. this is going to jump from 82 for the border. this is just over 90.

this is just after they pulled back to the mid-80s. this is the j.p. morgan analyst. i think this is the best retailer in business. he points out that he is still looking at the discount for the pre-pandemic -- this is better growth than we had in 2019. let me give you the bottom line of this incredibly true story. they want a good deal from the swimming pool. this is the retail from the best bargains. they got through some tough times. this looks prime to keep running. they had a monster move up more than 25% over the last month. i take ollie's to the highest level in three years. maybe he needs a breather. maybe not. this one stays hot. this one is going to fit the company perfectly. early ollie's fan, this is a product in the arms of cheapskates and for the list. i have to say, it is good to see you again.

mad money, is back in a moment.

- "best thing i've ever done." that's what freddie told me. - it was the best thing i've ever done, and- - really? - yes, without a doubt! - i don't have any anxiety about money anymore. - great people. different people, that's for sure, and all of them had different reasons for getting a reverse mortgage, but you know what, they all felt the same about two things: they all loved their home, and they all wanted to stay in that home. and they all wanted to stay in that home. - [announcer] if you're 62 or older and own your home, you could access your equity to improve your lifestyle. a reverse mortgage loan eliminates your monthly mortgage payments and puts tax-free cash in your pocket. call the number on your screen. - why don't you call aag... and find out what a reverse mortgage can mean for you?

- [announcer] call right now to receive your free no-obligation info kit. call the number on your screen. -unnecessary action hero ... the nemesis. -it appears that despite my sinister efforts, employees are still managing their own hr and payroll. why would you think mere humans deserve to do their own payroll? because their livelihoods depend on it? because they have bills to pay? hear me now, paycom! return the world of hr and payroll to its rightful place of chaos or face a tsunami of unnecessary the likes of which you have never seen! as some of the markets hottest groups take a well-

deserved breather, we find ourselves in worsening -- worsening signs of a weaker economy, fast talks will be doing just fine even if we send a quote battle to the finish line. this is going to scare you into making a losing world. i'm trying to explain to you right now. i'm going to circle down to an old thing on a favorite theme that we had put onto the show for a while. this is the dehumanization of pets. they are trying to spend more money on their cats and dogs. this is overdrive during the pandemic read once the pandemic subsided in the post-covid arrow was gone, pet adoptions and slowed dramatically. pet prices seem to be one of the first items that got inflation related pushback. now i think the post-covid drought is over. i like the group again. if you have pets and you want to try to profit off of the thesis, i'm going to give you a

retail play. i'll give you a pet food play that i think works right here and right now. the online store for pet healthcare products, you name it. some of them make me think that the pet food thesis is back. from the pandemic, it peaked at $120 for 2021. it shrank dramatically in the stock got obliterated. $14 and change in just two months. that is an 80% decline. they don't go that much lower than they are solid. since then, it was on the move. a different mood today, they are still trying to work. i didn't see them coming. we should have done this yesterday. despite his rally, i think this is still interesting. we first came back on the radar. this was in december. a long time the chewy favored investors that went well. obviously, it was going down at that point. i was impressed by how much the company played insured.

they had 70% of tales from the printable recurring auto ships. these were the plans that i have. i love the supreme court businesses. it doesn't fall off of a cliff. in other words, chewy is a lot more reliable. i thought that seeing them strong and confident that you could buy around it, they did well. according to munster, they had a 55% growth year-over-year. sales were only up 3.1%. they talked about green shoes and new pet ownership for the first time since 2022. this was an emotional environment. introducing profitability. in response, stock jumped 27% the next day. chewy kept running and running. for me, this quarter wasn't a game changer. you can make a legitimate case for chewy evaluation even if they are looking at it right now. the stock has fallen 34 times this year. it sounds expensive, but listen to me, they turn in a couple more earnings beats like the one they just did, and those

turn out way too low. even if the estimates are right, this is from four times more earnings. this is going to pay the price. next, these are one of the favorites when you talk about this one. this is roughly six years ago. they made the right move. you saw what they did. they make treatments for companion and animals and livestock. just like they did in 2021, they spent a couple of years going through the liner. they fell 79% before finally finding the floor. this was last summer. it was that kind of floor. since then, they doubled. when we spoke to the ceo over this year, he explained that they have six potential blockbuster treatments in the pipeline. they have been said to come ut in the next few years. this includes the antibody drug read sorry, i don't know how to pronounce that. it is usually lethal if left

untreated. this is going to be built for cats with diabetes. previous standard care, two more shots per day. i used to have six cats. you are taking your life into your hands. last time they were on the show, they were targeted from this semester. a new ceo, imagine the deal. keeping his job, getting board seats. this is going to be a hopefully helpful smart interest in there. this is going to be turning higher since. 19 times earning, it is not stressed by any sense of imagination. i love this. the company got approval for the type of cattle feed. it basically makes cows less

flatulent. huge. stop joking. it is an interesting environment. cows need so much methane. no doubt, they are trying to make every cow take this. it is stupid. i didn't mean that. i have owned two cows. they are dumb as plywood. they are not that bright. let's leave it at that. i feel bad now. i think it is a potential blockbuster. they are going to take that methane pill immediately. if you have been keeping up with this one, they do not have a methane pill. primarily, it is a packaged foods play. this has not fallen. in fact, they were making new actions. they have a major pet food business.

they intentionally rationalized. they did not incorporate anything. $2.4 billion. they left with a much smaller pet food division. it's all about big name brands. i once ate that on the set. this was the show's first year. i got sick. i had to stop doing the show for a half hour. i threw up, then i am back. this is feeling like a much better business. pet food sales grew by 11%. you impacted the brands that you sold. if you want the pet food play, maybe hold your nose and buy smoker. do not eat that. this is how they're going to play. this was the same rally. every other brand belongs to another one of these big packaged food companies. general mills, colgate, nestle. this is the narrative in pet food. this is going to grow to the

defense packages. they are coming off of a solid quarter. by the way, while everybody is still looking at it, pet food businesses are just imported to do $1 million in sales. pet food marketers are suspiciously hard too. in a tougher market, we are trying to look at these economists. this is going to be in absence for a long time. if you want a direct food play, this is optimistic. again, stay away from the methane pills. let's go to reggie. >> hey there. great to be here today. >> what is going on? >> pepsi company and lay's potato chips in atlanta.

i know you like it. it has been down. down about 40%. the last few days, it has gone up. it is good. i want to ask the expert what is going on with that stock. >> if you look at the relative performance between pepsi and coca-cola, this is everything you need to know. they are up this year. they are really important. this is going to be something that is viewed as the crosshairs. i think they are right. this is why i think right now coca-cola is a better buy than pepsi. even after this differential. mike in texas. >> professor cramer, good to talk to you again. how are you? >> i'm good. >> summer is in full swing. we are talking about costco

today. this is a different portfolio. over the last week, it pulled back a little bit. i want to get your take on this. is this a short-term pullback? should i be adding this to my position? is there something fundamental going on here? >> first of all, thank you for your commission and calling me this. let me say something. i do a lot of work with my partner with the travel trust. the stock dropped 100 points and no one even knew the difference. you had to be buying. we are always looking for a discount to buy costco. that's the way i have been doing it for the last 20 years. when the stock goes down, you buy. this can work in almost any economy. i have been trying to take chewy, which has moved up a lot. out of the doghouse, and into the house. much more mad money, and i am

here to see what makes a competitor when i moved down with the ceo. as i was getting ready for the thursday monthly meeting, we had one important thing when it comes to investing holding national corporations. i hope you know what it is, and how you should handle these investments. we are going to have the lightning round. stay 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. ♪♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

this is clem. clem's not a morning person. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round out yours.

this morning, european regulators had microsoft with a new ruling. they violated antitrust -- violating teams with a more

popular software. at first i didn't really much care. your bluffs were going after tech companies. that is like the honeypot. i became more concerned. i'm looking at my initial reaction. teams applications have been inviting guests on my computer for years. i never liked it having shoved down my throat just to use word. i hate that it pops up uninvited when i turned the computer on. it is not a big deal for me. you close teams, opens them, and move on. what if they are doing the exact same thing to the enterprise to push the cyber tutors -- our security folks? especially microsoft thing lacking by some cyber security experts. they have dropped the ball on some big data breaches. heavy officials are becoming more vocal about this issue. including the cofounder, chairman, and ceo. we have known these guys for years and years. this is really important. listen up. this is new to me. welcome back to mad money. >> things are having me.

great to be here. >> we have known each other for a very long time. i was surprised to learn that there are issues here. we should be concerned about microsoft maybe being a little bit too strong, and make it so that customers may not be able to take what is necessarily the best cyber security product for them. you do have something in interest with the cyber security product. how the business is transacted right now, it is going to even be a better way if everything is going to start off fresh. they have another upper position more than anyone else. >> i think this is a really important discussion. this is an important battleground. the battle is between monolithic platforms, versus choice and innovation, even flexibility. that choice, innovation, and the ability -- flex ability, can benefit customers. they had a great experience.

they mentioned this with the teens installing. that is a big deal. when you get to the cyber security realm, innovation means security. imagine if someone like crowd strike 10 years ago, was blocked out of innovating, and created the amazing security platform and grid. imagine if we could have something like these networks, to help combat against the threat. imagine if we could have something like okta. if you really wanted to talk about it in 20 years, you have a program called active directory. this was getting old, dated, and had a lot of vulnerabilities. trent watt -- okta, came in and innovated. it is more than just security, it is about choice. what cloud infrastructure are you going to use? what is the best device as we move into ar and va are. who is going to move those components?

how are you going to get logged in? how is that secure? the stakes are really high. we have come down clearly on the side of independence. >> i'm glad that i have been on microsoft since 1985. he's been a close friend of mine in college. they seem like smart guys with tons of money. they have recognize that the leader of microsoft, they have made mistakes. why shouldn't i just say that in microsoft i trust? >> money is one thing, but i think it is going to spur innovation. nothing spirited like competition. competition brings out the best in everyone. the more that companies are forced to compete and face the threat of disruption by not competing and innovating and building better products, even addressing their users better, that is what is really going to keep everything moving forward. when we talk to our customers, we see it in our own data. if you look at the users of office 365 in the okta user

base, which is our most used application, those companies also use zoom 50% of the time. they also use google workspace 48% of the time. they want to have that flexibility. really, in the ecosystem right now, there is a bifurcation between companies that want to maybe cut costs, and to skimp on technology, even go down to the monolithic platforms. there are companies that want to innovate, move forward, build new capabilities, and use the best infrastructure and security tools more clearly on that side of the line. >> let me ask you something. cyber safety review port, recently found that microsoft security culture was inadequate. it needs an overhaul. it hits me when i go through their findings, that perhaps there is a culture that is in a software culture and advisory culture. this is a culture that is trying to do industry things with artificial intelligence. there is the security culture. they are not incompatible, but

maybe in this particular thing, is it not the kind of culture that i just described that microsoft has? >> i think microsoft is trying to innovate. they are trying to do things. it is a massive company. they have a lot of amazing products and a lot of amazing successes. when you look at it now, you are seeing signs that they are maybe not as innovative. think about it, their entire ai strategy is based on partnering with another company. that would have been unthinkable 20 years ago. clearly, the innovation and the spur to innovate in the company is not what it once was. i think the more that we can have competition, choice, and flex ability with this dynamic ecosystem of companies fighting their hardest, and striving forward to satisfy the needs of users, in support of these use cases, they are better off for all of us. >> i cannot speculate behind what kind of cybersecurity they

are having. this is a business. this is just been a horrendous hack. i can ask you this. do you find that it is your experience that you see a hack, it is quite the commerce department? do you first see to yourself that i am looking at some site -- sort of microsoft backdoors? i thought the europeans were just coming down on one of the companies trying to shake the money tree. >> honestly, my first reaction is going to be if they are a okta customer. even if they are not a okta customer, we have had our own issues with our own security issues. microsoft have had their own internal issues. my first thought, how can we help? this is more involved. how can we make the industry better and more secure? how do they not have to deal with these things? one thing we know from the data, broadly speaking, 8-10 attacks is because of the

identity-based compromise. they stole a password and bounce around on an ellipse is an account that was not locked down like it should. we have the security posture across the board. this is from all of your identities. this is a big benefit to the companies that do it right. they were working hard trying to build the best product in the market. you can see it in the results. the margins are expanding. the evidence is right here. >> you were looking enough to admit that you guys were going to hack it. one last question. do you think that bundling per say is going to be competitive? if you talk to them, and you mentioned palo alto, they have another organization. platform organization seem like they are bundling. i don't want to just slam

someone. i like a bundle sometimes. >> i don't think so. i don't think bundling is any better. a lot of times, this can benefit customers. we are going to customers and saying that we want to bundle identity. we want to be the single supplier for our customers. we think there is a lot of value in that. companies can have 2 million members. there have to be points of consolidation in bundling. it is making sense for the customer. you can't let companies bust out of a bundle. bundle or nothing. you prohibit choice. you prevent natural desire of the customer. this is what i think is crossing the line. >> obviously, i have microsoft going. i did not know this issue well enough. i have a quick look deeper into it. i'm so glad that you came onto mad money tonight. thank you for your issue in

the cities wisdom on this issue. we have to figure out what is going on. i want to thank cofounder and chair ceo of okta. always good to see you. you are invited on to talk about this i'm not trying to shut you out. thank you, todd. [crowd chanting] they ignored your potential, and mocked your ambition. but it's not the critic who counts. with every swing and block, your game plan never changed. ♪♪ some still call it luck. let them. because you know what it's always been. inevitable. ♪♪

♪♪

- "best thing i've ever done." that's what freddie told me. - it was the best thing i've ever done, and- - really? - yes, without a doubt! - i don't have any anxiety about money anymore. - great people. different people, that's for sure, and all of them had different reasons for getting a reverse mortgage, but you know what, they all felt the same about two things: they all loved their home, and they all wanted to stay in that home. and they all wanted to stay in that home. - [announcer] if you're 62 or older and own your home, you could access your equity to improve your lifestyle. a reverse mortgage loan eliminates your monthly mortgage payments and puts tax-free cash in your pocket. call the number on your screen. - why don't you call aag... and find out what a reverse mortgage can mean for you? - [announcer] call right now to receive your free no-obligation info kit.

call the number on your screen. happy birthday, max. yesss! i'm joan the phone, here to show you four easy ways to stay safe online. ♪come on!♪ ♪we can secure our world!♪ ♪online security depends on you and me.♪ ♪install updates,♪ ♪make better passwords,♪ ♪think before you click,♪ ♪use multiple factors.♪ ♪that's how we can secure our world!♪ learn more at cisa.gov/secureourworld it is time. it is time for the lightning

round. [ inaudible ]. and then the lightning round is over. let's start with rose in california. >> i just wanted to get your quick thoughts. harper financial i.d. >> i tend to not like the insurers because there are so many different variables i do like chubb. this fellow, chris swift, has come in and fix harper. he deserves the premium that stock was getting. let's go to christopher in california. >> hello. i was wondering what you thought about smc i stocks. >> smc i is like invidia times seven. it is too hard. are you kidding me? alexander, in georgia. >> mr. cramer, it is great to see you on mad money for a third time.

i'm looking at the inside of your company from the supply businesses. the company is called title i landscape. what are your thoughts? >> they ought to go into the pool business. it would go very well with the landscaping business. ladies and gentlemen, that is the conclusion of the lightning round. >> lightning round is sponsored by charles schwab. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. ♪♪

go deeper with thinkorswim: 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. ♪♪

as i get my thoughts in order for thursday cnbc best meeting, i keep finding a common theme. they are trying in any way shape or form. you better be sure that you have everything else button- down. china is not going to surprise the upside. china's economy is doing poorly. plain and simple. they're trying to defy the intellectual badness. any thing to do with china is typically far and few between. many people in this country believe that china is still an economic powerhouse. they have great opportunities. this was exhibit a today. where have all of the chinese ipos gone? this is a sigh of relief. we have a journalist and outlet that is going to expose the travesty of chinese ipos. they have been so staggering that wall street finally put their foot down. brokers can't afford to keep jumping -- dumping merchandise off to their clients.

isn't that where they went with the story? that is not where they went with the article. the chinese have made a couple of deals here. not their own broker standing up to their customers for once. quote, as the relationship between china and the united states deteriorated, it has become increasingly difficult for chinese companies to find a foreign market where a listing might not be jeopardized by political scrutiny." this usually is his thinking. with xi jinping, he is driving his community back to something towards communism. chinese companies have trashed our investing public for years now. treating the american markets as a feeding trough that should have never been brought to public to begin with. when you go back to when this decade began, and look at the 14 chinese ipos that were larger than 500 million, you would be how -- astonished how horrendously they have reported. down 69%.

down 83%. one-stop shop for all real estate companies, down 24%. electric vehicle business, down. only two ipos north of 500 million are still more so where the became public. many of them are far worse. it is a disgrace. don't get me wrong. things used to be different. a long time ago, we got major money. now we are looking at relations that china have soured into a new cold war. this is a trade war. it is almost as if they have gone out of their way to bless the markets with this nonsense. i will go a step further. if you don't know any better, you could write a story with this headline. they will no longer punish investors with ipos from horrendous chinese companies. this is the destruction of american life savings because of some offerings. initiating a pause as they try the best.". that is not how it happened. i'm just glad it ended.

i just wish it was our government. i wish they did this by standing up to you. they were trying to protect the american investment public area they did us a big favor by stopping. i just hope it stays that way. we are finding it just for jim cramer. "last call" starts right now. right now on "last call", high voltage. big news that could shake up the entire car industry. trouble on the home front? a unique company's warning and throwing cold water on hopes for the economy. a.i. in the sky, navigating your next flight. we get all that and much more over the hour. as always, belly up or buckle up, "last call" is up right now.