"br "bridgerton" mel, you don't have to shrink your way out of things. tim filled me in on that earlier in the show. lockheed martin continues to go higher here. >> ew. that's all i have to say. thank you for watching "fast money." see you back here tomorrow at 5:00 for more "fas"t. "mad money" with jim cramer starts right now. my mission is simple to make you money, i am here to level the playing field for all investors. are promised to help you find it, mad money starts now . >> high, i am jim cramer. i'm just trying to make good money . my job is to try to explain what's going on, tweet me @jimcramer . closing about

41,000 for the first time ever. the plunge: 1.39%. and the nasdaq, plummeted. 2.77%. if you only owe the big tech stocks, let me tell you something. this day might make you want to give up on the entire thing, i bet some if not many will do exactly that. yes it was that ugly. i have to try to prevent that. before we get into it i want to say something about the stock market and what it means to me. have always been amazed at how compelling the market can be. i'm always trying to piece things together. i know something else. most people just don't care about it rather than be burdened by the difficulty of managing their own portfolio. i spent an hour where all we

did was talk about which stocks win or lose, it's a critical issue of course rotation starter next thursday, most in boxers say mostly homebuilders and what goes into a home in home depot. i've to you very few people prepare for a gigantic inexplicable rotation. winners in to losers all at once. they really had a wall and they really do poorly in they've had their days in the sun in reality , frequently explosive earnings growth only when rates go lower. on friday we had a fairly broad- based rally, i wasn't clear why the big cap stocks were out of favor.

then we got the events over the weekend that trump is extremely likely to win the election. suddenly the mega kappa tech winners became huge shared donors to the loser stocks who have done nothing for ages. the shift from winners to losers mirrored the politicians they have sold out america. they have closed the factories, laid off the workers and made the merchandise more cheaply overseas it's right out of the late 19th century who have crucified mankind. how does this translate to stock worlds? it means buying the stocks of

small to medium-size businesses, something you can read about in jd vance's memoir. if you read it differently you would actually think it is a left-wing manifesto of some sort . it is to the point where he have's indicate -- has indicated , the mayor fits perfectly with today's action. it is a game over for the big dogs even if you thought their part of the problem not the solution. there like please i've got to get out now, get out now. is much as i'd love to

tell you that all of today's action made sense, i couldn't even continue boosting the bank stock. i just can't believe it, in fact i know it's not true. days like today do not encourage people to invest in individual stocks. all of those stocks were down badly, why don't people only fabulous individual stocks. the reason is simple. most people are not diversified. and for giving up especially if they're all a part of the same sector. a bunch of people wanted to know why i stick with such losers like best buy instead of just going all in. i was actually upgraded from buying the stock of four. what a loser.

for best buy, the secret was to stay in the game. i concentrated on gains we got on honeywell, if i didn't have them if i had nothing i'd say get me out of this stupid casino i'm done with stocks i can't take the pain of. i actually can handle the pain. if they just parked their money in a fund, the 500 and good bad and in different stocks, you are resigning herself to a great deal of mediocrity. i wanted to be side-by-side i know you won't stick with those stocks if you are undiversified.

and tomorrow you are finished with them. while you could argue that lower inflation it was time to sell that, the small-cap stocks and sent them to the moon in five days time and that's what you witnessed. what matters is that you are now getting a chance to bring the register and start making a list of what is being thrown out, that's what we've been doing, why do that? people like to chase and they hate to buy down they like momentum and they hate freefall. they are inclined to panic and they toss out great stocks because of fear, they only owned stocks because they were hot well you know what, they are not hot anymore. we just had our third day of this

rotation. that is when they kind of run out, too late to buy those stocks for sure. for all my years down here. what can i say, i don't know you most certainly are watching the show. >> i am good, i am good. i just wanted to say thank you for everything you do. >> these are trying days, aren't they? >> oh yeah, oh yeah. >> if we had only just on united health and johnson & johnson we be geniuses. >> of course, of course. i have a question about mcdonald's. mcdonald's is 13%

down and as we know we have, what should we get back from this company? >> i will tell you that when you buy mcdonald's it has tended to be a great poll. like united health, like coca- cola, these great brands, people can't get enough of them so what will happen as it may not even be that good of a quarter. that's hello it's come. down 12 to 15% for mcdonald's that's a pretty good price to get. days like today where we saw a real market, market wisdom, we have to stay diversified. the transport, i'm giving you an update on what the site is

telling us. you won't want to miss that. it has been such a winner. stay with kramer -- trip cramer . >> don't miss a second a mad money. have a question, tweet cramer. send jim an email at madmoney@cnbc.com. miss something? head to madmoney.com

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brown shoots, you walk -- here about people talking about green shoes, brown shoes are the opposite. they have given the federal reserve the confidence. i start talking about brown shoots . dig trucking company that owns warehouse and fulfillment centers the 12 punch was the first sign of a broader weakness in the economy, i picked it up and believe me everyone has kind of caught on sense. i want to update you on what we have learned from the latest numbers, these are two companies that are integral to the u.s. economy. down 77 percent, down 25% as integrated capacity solutions

division. we both saw 9%. brutal . it fell by 24%, higher insurance and claims equipment related answer and personnel related expenses. the net interest expense thanks to higher rates in debt balances this trucking company doesn't give formal guidance. it is even more important than usual. as bad as the numbers were, the call was somehow worse. about when will things get better, they really went after the company's new ceo. i thought it was a very painful call. here is what you need to know, the most important gateway. he refused to call a bottom.

they said and i, quote, we are closer to calling some kind of". investors fled from the stock. this big pullback, only giving back about three days worth of games. the middle of last week, it finally took off alongside and the whole transfer index so obviously the transport index was wrong, everything goes up and we pick off individuals that didn't do that well. a little over half of the game they said, not so fast. so what do these numbers mean for the rest of the transports? cnbc's global supply chain reporter had a fantastic piece

where she knew that many logistics directors are calling an end to the recession. the strategic analytics automotive which tracks trucking digits, he said to cnbc, quote, when i look at the trend, what's pretty clear here is compared to last year, we now see strong restocking trends. also got the impression that she tried to call his call. you don't want to make that risky shot it's too much of a gamble. she did have the opportunity to do so, related to imports for retailers but she chose not to. you don't want to say something positive and you may regret it later. let's bear with her.

the stock has been a much better performer even though it collapsed in april. it has been rising ever since. >> slightly better, they have a key probability effort, all of those are very very positive. i don't know if you caught the ceo this afternoon but i think he was much more confident about how things look. they came in at a solid 96.1. those are very good numbers. the full-year forecast, and more competitive operating environment, this time around they only tighten their funds from operations while keeping the mid point the same. they mostly reiterated the numbers, not bad. we continue to out

perform, it is some -- improving . that is very positive. it was a solid up date no real setbacks . you gain about 1% today. let's get back to the original question is what we call the macroenvironment. i feel better about the economy but only slightly better. still need that rate cut. you probably feel worse about the transports in the entire economy but improvements towards the end the corner and considering the fact that simpson just took over at the end of the month plus more positive at the end of the industry, i'd say the trucking

business is at least bottoming right now. there improving from three months ago. when you layer the comments i certainly feel better about this warehouse situation than the last time they reported. the bottom line, these are just a couple of clues that we will get on transportation we want the pain to stop even though we can't talk too much improvement that we need from the fed particularly we've got to have one.

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>> for the past week the most beloved stocks, they have been selling like crazy. when former president trump saying they should pay more given that the manufacturer would be brutal for the industry, negative pin

action spreading in to the related areas, hp enterprises for service, what a great company, the equipment. in other words, all of the winners from last year we did talk about them in today's meeting if you want to go, they got hit hard today even though it hasn't run anywhere close. i want to give up on what i consider the next industrial revolution. they have less downsides. specifically i am talking about hubble. and distributors, and solutions that allow data to be

distributed back and forth and behind the meter solution used by owners and operators of nonresidential buildings and critical infrastructure. over the past seven years hubble moved toward a higher tech product like smart meters especially the lighting space. here with me, this is cool stuff. hubble is going from a company to a company that mostly sells into the utility market. why does it matter? given that the demand for electricity is off the charts, the and mark is now must -- much faster. best of all they carry much higher margins so they make much more on everything they sell. they now have major exposure to some of the strongest secular themes.

again, that is what's going on. we are trying to find good companies to buy into the week. first there is rhe sure, companies bringing back manufacturers in the united states. these domestic manufacturers have led to major projects all over america and they need to connect and they are there to help them do it. the projects, mine they will result in energy growth which will help with utility customers too. the second major thing, grid modernization. it hasn't been updated in years, nobody can put money to it. no one thought it was going to grow. it hasn't grown for years. that's why keep telling you that is a great business. the $30 million combined with infrastructure bill and the so- called inflation reduction act,

maybe i will stop being so sarcastic about the name, this is great news for hubble. many of the products have energy transmission that's exactly what we need to modernize the grid. there is sustainability and alternative energy. when solar farms get built and plugged into the grid, hat means more sales of hubble's products. helping to build owners efficiency and lowering the cost help hits the sustainability goals. many big companies have those goals. some little ones too now. how-tos hubble benefit from the ai field, when they expand the production or transmission -- more important, hubble came on my radar in march when a company is part of a presentation it is about the increasing complexity. i didn't know anything about this. we now need ai to manage the

grid. facilitating two way power flow and manage costs as energy gets more expensive and resource shortages and upgrades have to occur. there is a startup. and earlier this year they announced a partnership that specializes in smart meter technology. there the first company to embed the platform in the smart meter systems work you always tell me please tell me what they're up to and this is one of them. you can't expect much anytime soon. seems very focused on this project and more generally on using ai to modernize the grid. he also wants to had the grid generate less heat obviously reduce the carbon footprint.

just 3.3% of hubble sales this year, one of the fastest growing businesses, hubble has also acquired a company called pcx a couple of years ago which makes modular power solution for the data center. great relationships, they are involved in the early construction phase with data centers, they're all down right now so this is why we are presenting this is now. they represent a foot in the door for hubble. why do i bring up hubble on a day like today when the stocks are down 6%? shouldn't i be focused on something? you are not chasing the stock. how about i come here. going to 400, that is called being a chump. this is when you come in knowing that it could go here, maybe here, but it's not going to go here. anyway, the stocks are already

pulled back it doesn't mean it's going to bottom here, it just hasn't had the insane short-term moves. it doesn't deserve to be telling off hubble's last quarter was a strong. just imagine it had the change. they report again in two weeks. why i don't have any reason to be negative, i'm not recommending this as a one quart of place. here's the bottom line, more than a year and a half into the ai boom we are now at the point where many of the most obvious ai winners are well known stocks that can easily fall prey to declines and that is why i am researching the relatively under the radar place.

it has a good business now but will do even better as the ai team takes off and they build new data centers everywhere. regardless of who is president. with go to peter in california please, peter? >> i know it has an ai play i've had to stop for at least six years, i making a 250% profit is this still a hold or should i pick some profit? is mike it is an inexpensive stock. we did take some profits in this company. why? because it ran up so much. i'm not going to tell you that you shouldn't, that said it's not that expensive and it's a really good business. this too shall pass. it could go to 160. you should be a buyer not a seller. i'm okay with it. tom in new york? >> good evening. >> good evening, what's up?

>> thank you for taking my call. >> let me start out with great monthly meeting today. kudos to you and everybody involved. >> i think they're going to come down, we have capital one doing some buying and that's what you are doing. how can i help? >> i called you a while back on a cybersecurity startup and i was wondering what your thoughts were after the solid first quarter numbers? >> i continue to like it i think it makes a lot of sense there are a lot of companies that do that, i just said i wanted rubric on air because i think it is a very exciting company and it's been a big winner and it was still up today. thank you for the kind comments

about the meeting. this is the hardest meeting that we've done and i can't tell how many years we buy stocks that are going down and we know they are going down it's very tough to tell people to do that. >> most ai winners are known. i want to look for under the radar names and i've come up with hubble. i think it will really start to shine. these groups are in down mode. bummer, i'm seeing if it continues to climb complaints of high prices and smaller portion sizes. >> it has become a bit of a pinata, i will give you my take. to stay with cramer .

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>> now that we've heard from the big banks tried to get results from the smaller regional banks. it was because of increased competition and what is the hottest region of the country, that is why they dropped nearly 6% today. it's white still up 16% think about that how concerned should we be about this new competition? the chairman ceo, the quarter mystery. >> thank you, thank you for having me.

>> are they giving toasters down there? >> not toasters yet but it's pretty close. it tends to be very aggressive for money market and deposit rates we see a lot of specials in the marketplace and what we experience is a little bit of a shift in what we've seen in previous quarters, we had about 1,000,000,000 1/2 dollars that was at what we would consider back book and base rates that essentially repriced in defense of offers we were very cautious about not contacting our customer base, we wanted to ensure that we protected our customer relationships, our client relationships and so we matched offers and it raised the price of deposits overall. if you look at the first part of the quarter, that we saw

interest rates out on deposits actually dropped april to may and it started to accelerate with the competition in the june conference. >> you are a solid bank you are a good operator. you were in the hottest area of the country. there are tremendous growth are good -- markets. you see they continue to shrink the balance sheet and our customer base is very strong it's and great markets, a lot of competition coming in to these marketplaces and it drove a little bit of increase in cost we are going to defend our customer base and we think about it in the long term not from a quarter to quarter basis. >> let's talk about the loan business. if you're in a gray area, i read through this part.

the 60% alone value, there are not tall buildings that i'm worried about basically seems that all the worries the people have are not being justified. >> i think, commercial real estate is one of those things that is going through a bit of a down cycle but it's not something that keeps me awake at night as you said our commercial real estate portfolio is very diverse half of our office portfolio as medical office which tends to be 100% fully absorbed when we look at our office portfolios, we tend to loan to nine story buildings or less. i think we have eight loans it's geographically diverse across the foot print. the commercial real estate is under a bit of pressure. it's not something

that keeps me awake at night. >> tell me about what happens. to some of the banks realize we are not going to a business or do we just stay at a dogfight for a long time and you can give us the return that we want? >> i think it's gotta be an interesting environment at least for the remainder of this year and i think you got the convergence of two major things. one is reasonably obvious with the presidential election coming up that what that means in terms of regulation, taxation competition and the economy is likely to be a different outcome depending on who wins the white house and congress the second is, is the fed going to cut rates later this year? when and how much? when those two questions get resolved the economy ought to start to accelerate loan starts to pick

up a little bit. it is going to be a bit of a dogfight as you suggest for the remainder of this year but i do think we see optimistic reasons to feel good about 25 and beyond. >> we have a lot of people that watch the show, if you wanted to be savvy, is it time to maybe bring the register in nashville and go over to memphis? >> it is an interesting question. we had great momentum in nashville for example for the last couple of decades and it continues to grow very aggressively. we have a lot of things that are going on that are very attractive in nashville, excuse me, in memphis. we are seeing x, ai build the facility here we are seeing a lot of positive reasons for memphis to accelerate and i think it's true of a lot of the base it is that we have around the footprint whether it is birmingham, huntsville, we

think we have a great footprint with a lot of opportunity for and migration and strong economic growth. >> do want to expand beyond that footprint? are there places that you can, that you know that these out-of-towners don't understand that you could make a big hit in? >> i think we have the opportunity to continue to invest in this 12 state footprint that we have. we are undersized in a number of these market and we can continue to be very aggressive and competitive in those and continue to invest in places like i mentioned memphis being one but you've got houston, dallas, and texas you got the entire state of florida essentially. you have atlanta georgia, you have the carolina up toward raleigh, chapel hill. we see a tremendous amount of opportunity to invest in this

footprint and i don't think we need to expand it. >> i don't want you to. you need to go down market. >> i want to thank you, you are always a straight shooter. love having you on the show, thank you. >> okay. back after the break. (man 1) can you hear me now? can you hear me now? can you hear me now? (dj) can you hear me now? (runner) stay with me now! (teens) oooo! (woman 1) mírame ahora! (woman 2) get em now!

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>> it is time, with the review,

play the sound. and then the lightning round is over, are you ready, chris in alabama, chris? >> good evening cramer . >> bouillon right back at you, what's going on? >> i am on a 17% toboggan right now with environment inc. >> there people in the pentagon that think that maybe they're charging too much money. i think this is the best bang for your buck so to speak that is why it is considered to be too expensive. i like it though., we go to kristin and florida, chris? >> hey, chris, i have to start with go birds.

>> what is up? >> i love it i am all about the logistics in the transportation industry. there are two quick things that i wanted to ask you about. just yesterday lineage talked about an ipo with a $19 billion evaluation. i think it's really massive. more importantly a stock that you and i talked about a few weeks ago you weren't entirely sold on it, i think it still has room to run. look at the last few days. >> the rest of the group has been carried off, the stock is down 60% losers will be winners. these are the slow ones now. the times are changing. you might get bored. let's go to bill in massachusetts, bill? >> i feel like opportunities are marking, jim. >> i trade off some of my text

starts, i got lucky. but what i did was i showed them the video last year and put that all into meta-. >> well played. well play. >> thank you. you are the only one, when i trimmed it, you are the only one to say that there was nothing wrong with taking profit . >> okay, what's happening? >> ecstatic. i'm interested in dynamics, you gave me the green light and i'm doing great on it and i'm happy i want to buy more. >> i can bless that because it's not expensive stock and it's a great company that i've been dying to come on the show but i have had very little luck. me my luck is about change. we're going to go to anna in new york, anna?

>> hi, so great that you took my call. i'm from westchester new york. i work for an escrow company we were bought out in 2019. so, my stock i purchased six teachers for about $2800 back then it is worth about 20 12,700 right now. buy, hold, or sell? >> this is under heavy pressure. there is big rotation going down on it. i think it's going to go for a couple of days. keep your powder dry. that is the conclusion of the lightning round. >> lightning round is sponsored by charles schwab. >> coming up, give the people what they want, cramer on lessons from chipotle and more. next.

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>> sometimes it is about the why, as and why the heck is the stock going down? there is a beaver around chipotle fever this is raising price and shrinking portion size. here is what the ceo ad to say . >> we've always said we want to get people great portions, we give them what they want. >> you have not shrunk the portions? >> we never have, from the beginning of time i think there were billboards the said

burritos as big as her head, that has never changed. our teams are focused on giving people what they want. >> they go, that was good enough for me. >> you know what, if he says they haven't shrunk the size, i believe him, case closed. but what i've realized is that sometimes there are issues that dog a company, they can't just be put to rest. who cares about the reality of the situation, all that matters is that fully commits to its customers. positively feedback has actually been declining. purchases dropped two to point since april. despite what the ceo told us. what did he do? to put the weight to rest, we

consumed 75 like for like sample labels and turns out the consistency, quote, very widely with some locations serving bowls that were 33% more than other locations. what that says to me as we would love for every bolt to be consistent, there is no plan to reduce the portion size, the standards don't seem to be consistent from location to location which makes it harder. is on people think that polio shrunk the sizes it's going to be a tough stock to own. i think you have to wait until this blows over and everyone comes to their senses.. here is what matters, i trust chipotle, i believe they deserve the benefit of the doubt, i don't need to weigh 75 volts but i'm not the one that needs to be convinced. and until they get a handle on this perception, owning stock could be pretty painful. i really like the work that shows that dominoes is at the top of the pizza heap versus

other top scorers with 61 highest best, how do i use this? simple. i like this stock at dominoes, that is been the case ever since may of 2022. and the time dominoes stopped, -- on my own research. back when the former ceo started turning his around and urged me to yes, eat dominoes, but with hunter x i have empirical data which is

always better. it does mean you will be better with this research than without it. for the record, i wish i worked with zachary at least once on that chipotle piece, because i would be happy to eat all 75 bowls, because that is how much i love the taste of chipotle. i promised i would find it for you on mad money. i am jim cramer."last call" starts right now. right now on "last call", is the dam breaking? one of the democratic parties biggest donors giving a major warning to president biden. we have the breaking developments. the trade wars, chip stocks slammed on new plans from both president biden and trump. china back solar factories crushing american competition right here on u.s. the soil. why are american factories falling so far behind ? all that and more, so belly up or buckle up. a very busy "last call" is up right now.