that's about as well -- >> giants record -- >> mel -- just so you know, her track record is excellent. bar barrick gold, mel. >> our thanks to the big short guys. thank you for watching "fast." see you back 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 and i promise to help you find it. "mad money" starts now. >> hey, i'm cramer. welcome to "mad money" welcome to cramerica. my job is not just to entertain you, but to educate you and teach you, so call me. from the stock market's perspective, the selections become mega versus maga. wall street's trying to make up

its mind about what it means for biden to drop out with harris almost certainly becoming the democratic nominee. i think the race will shake out with a nominee who's happy to work with megacap tech then the candidate of maga, doesn't necessarily translate into support. dow advanced 128 points. nasdaq, tech heavy nasdaq, that went up 1.58%. pretty much exactly as it should be in a mega versus maga stock world. a lot of people seem very confused by the juxtaposition of harris and biden, just as they do by trump and vance. i am not confused. at least not when it comes to the stock market. tr t they're basing it on the 1800s pop list party. one aimed at curtailing the

power of the money men on wall street. still with the trump vance ticket, this cere can be no dou. old free market republicans have been obliterated. in their place, draw from the rest of the world where the money is left here. tariffs go up and the government makes it harder for businesses to move their operations overseas. the days when other countries threw up tariffs and other barriers to american goods, they're done with trump. in their place if trump is elected, in some cases, will be a pay to play military plan. which you could uncharity bly call protection money. real bad for business but it's meant to make american great again. not business great again. i think that's why the small cap rally has so much staying power just like it did in 2016. that was the last time there was a historical run.

possibly because vance injects a level of certainty and trump relies heavily favored to win the white house. no more lip service. international companies better get their act together with his game plan. the chip nvidia's allowed to make for china conceivably made illegal under a maga regime. how about the other side of the trade? that's more interesting. unfolded yesterday. the kamala harris side. i think harris would be way better for big business than biden. and certainly better than trump. sure, she wants higher tax rates for corporations. i'm talking about an ethos so deep that it's somewhat historic. at their best, the trump vance ticket stands for helping small businesses thrive, keystones of towns all over america before those towns were crushed by deindustrialization. they see that as a huge problem. they want to bring that world back with better wages.

harris on the other hand is a true believer in globalization. much like most of our leaders prior to 2016. in trump's world, taiwan stole our semiconductor manufacturing jobs so now it should pay a price for the protection of u.s. military, but i suspect harris will share the vision of the current commerce secretary who recognizes taiwan is a friend. one that needs to be defended. even as we subsidize our own semiconductor manufacturing in order to get more control over the supply chain. what makes harris different from biden? president biden is someone who by his own admission doesn't know that much about capital. he's arguably the most pro union president in history. off the picket line against ford. that's been biden's approach. an adversary yal attitude to big and small business, but harris, i don't think she has the same view. she didn't before she hooked up with biden. she's an elected official from california. she knows the people who run silicon valley.

the people i know who talk to her regard harris as very sophisticated at what these companies do and she doesn't want to hanker them as biden's done through the federal trade commission and antitrust commission. biden's agency seems to believe big business is bad business. from what i'm hearing, harris has a more nuanced approach. harris has a secret weapon. her brother-in-law, tony west, he's the current general counsel of uber and the former general counsel of pepsico. before that, he was the key justice department official who did his best to fight for the american people against the banks responsible for the great recession. you better believe he knows something about the internet and our great american tech businesses. through the help of west, who i hope would be a close adviser, there could be a conversation between the people who run these companies and the president of the united states. right now, there's not much discussion. with biden, it's done through

the regulatory agencies. the megacaps are often seen as too powerful. in a harris regime, mega isn't per se banned. you may say isn't being kind and civil in understanding megacaps good for our country? you come to me to learn my view of big business? you want to know my feelings about taiwan and whether they should be punished for taking our businesses? no, you don't. you want to know how to make money. i'm saying to you that harris would be more understanding president than biden when it comes to business. she gets that not all businesses are bad. some are good actors. sometimes good businesses do things that aren't great but they don't need to be prosecued to get them to change. i don't want to generalize about what to expect from her but those who have seen her in action, talked to her before she became a team player for the biden administration, generally

seem to respect her as a case by case add judicator. ceo of amazon, president of alphabet. jason wong. that's probably not ever going to happen under president trump and didn't under biden. a lot seem to be unsure about what these companies even do. bottom line. if you're looking to invest in tech, you want a world where tech has a voice in washington, not slashed vocal chords under trump or mute under biden. if you own many stocks of international companies and want to vote your portfolio, harris is more likely to help than hurt. that's more than i can say about anything else and why you saw a mega rally today. tony in florida. >> hey, jim, i just wanted to tell you the last month, you hit a grand slam. >> oh, thank you. a lot of people liked that call. jeff marks did a great job, too. how can i help you? >> this holding that i want to

get into. coffee, it has no sugar in it so it's better for diabetics like me. celsius holding. do you think the biden solo -- >> i have to tell you, this stock seems to go down every day. it's almost as if people felt it had its day in the sun. the numbers haven't been good so the stock is going to track that, tony, until there's some turn and i know it's down from 99 in a straight line from march, but if the numbers were better, this wouldn't be happening. dylan in texas. dylan. >> hey, jim. thanks for taking my call, buddy. i wanted to see your thoughts on hub spot. hubs. >> i think hub spot is too high. i don't think that, first of all, i really don't like enterprise software and i've been dead right to hate enterprise software.

i don't think it's going to recover all that easily. it's too expensive and i hope it makes a lot of money next year, but right now, it's just very, very expensive. i'm down on enterprise software, on hub spot. i like two companies. service now and salesforce. kevin in indiana. >> thanks for taking my call. >> what's up. >> jim, i started investing in the late '90s. the dot com bubble hit and i bailed out. i panicked. then i started listening to you. i got back in on the lows. and the rest is history, jim. >> fantastic. thank you. you had some good calls. thank you very much. >> i manage over a million dollars in the market now and i'm retired, 67 years old. and it's a lot of fun. >> well played, my friend. well played. congratulations. >> thanks for your guidance. >> i celebrate people like you. thank you for calling in. >> i'm just a regular joe sshmo.

i've had this whirlpool stock for a while and when it went down to 88, i loaded up. now it's going up. when interest rates come back, is it going to go up more? >> yes, it will. my concern is that i want them to be able to pay that dividend. i do worry that it is not as well, this deal they did, this international deal, i did not like. i've made that very clear. it's a very inexpensive stock. it can take pain before dip. it reminds me of best buy which you know has been a winner for us but it sure looked like a loser. they're in the same boat. best buy and whirlpool. if you're looking to invest in tech, you want a world where tech has a voice in washington. but what i can tell so far, harris is more likely to help with that than hurt. the stock fell in response. has my thesis changed on the credit card company?

and is the stock up too much to get in the action? say what could happen and wall street was not mhappy with domino's guidance last week. what should you make of the pizza chain that i have so long championed? i'm getting the latest from the ceo. so stay with cramer.

we've seen the global tech outage and the insanity of the 2024 election, one of the biggest earnings reports. from american express. i am a big fan of the credit card company for years and have stuck with it despite the newfound worries. but on friday, american express reported what i thought was an excellent quarter when i got up in the morning, stock finished the day down 2.7%. i think it's another example of american express selloffs that fake you out. it's been a tremendous long time winner. one that rallied 80% from its lows last october to its highs. what is that about? what makes me so confident, first, even though total revenues came in light, when you drill down and focus on profitability, 39% year-over-year including a gain from the fraud detection business. excluding that, that was a o

one-time gain. they grew 21% to $3.49. also looking for $3.24. that's a big time upside. management raised the full year earnings forecast by 65 cents. well ahead of what the analysts were looking for going into the quarter. that's despite leaving the full year revenue forecast unchanged at 9 to 11% growth. let's start, even though i don't agree they're all valid reasons to sell the stock, got to them out there. first, given huge gains, expectations were high. they came in too hot. almost every one of these is when they reported the quarter. people sell the darn thing off. if you want some context, american express was up 3% going into the beginning of the year. get this. that's more than double the s&p's gain. the same time. vastly more impressive than mastercard or visa up 5% and 3%

respectively. even though those have no credit risk. american express didn't get much credit for raising earnings guidance. while the company raised by 64 cents, results for the second quarter got a 66 cent boost from the sell of certified. wall street doesn't care. when you factor in the 25 cent earnings beat, you could argue the new forecast represents a die down for the second half of the year. that and most important third american express had a revenue shortfall. one that represents the showdown from the previous quarter. while management is standing by their full year forecast, the revenue growth has slowed from 11% in the first quarter to 8%. i think this is the most legitimate concern. ooe earnings lines were strong. the final concern is elevated marketing expenses. this is the one i took seriously. while american express consolidated experiences were up 1% which is impressive when paired with 5% build revenue

growth and 8% growth, some keyed in on one line from the report. the company said its 1% increase in expenses quote primarily reflected high variable customer engagement costs driven by higher card member spending and usage of travel related benefits and increased marketing investments, end quote. having to spend aggressively to keep its member and billings growth elevated. that may or may not be true. but if the company's putting up excellent earnings growth, i come back and say who cares. you know why american express sold off on friday. but i need you to understand why that was a mistake and buying opportunity. first things first. let's not overlook the huge earnings beat. whether or not you include the gain of the sale or not, american express has simple, long-term targets. they aim to grow revenues and earnings. in this most recent quarter, they hit 21% earnings growth,

which is worse than what i've gotten used to, but well above the target. this is why i'm not sweating the small stuff. they're killing it. i still think it's not getting enough credit for its remarkable earnings growth. they have real strength with millennials and gen z. their u.s. consumer service business was up 6% with that spending up 13% compared to 5% for gen x and 2% for the baby boomer cohort. as the cfo said on the conference call, quote, these younger card members continue to demonstrate strong engagement and we see they transact over 25% more than our older customers and in some categories like dining, they transact almost twice as much, end quote. they're probably the key reason why amex made the quarter. i love how success they've been

with the younger generation because it gives me confidence that strength can continue for years to come. that elevated marketed budget, it's helping this eem own the younger demographic. third positive, their credit metrics, a major bearish concern. over the past couple of years, there have been occasional worries over credit metrics. on friday, they put up very solid credit metrics. lower than expected. right off rates look benign to me. in fact, the delean rate remains lower. the most we've seen in the past six quarters. even though they raised its dividend by 17% over this year, that's big, it still doesn't have that huge a payout. much of that capital being

returned in the form of buybacks. over the past year, the share is down 3%. go back further, the numbers are more impressive. the share count was 1.2 billion in early 2011 to 7 billion now. represents the permanent tailwind. they turned in another strong quarter on friday morning but for whatever reason as seems to be the case every time the stock sold off in response. i think that's a mistake. you can argue it was due for a pullback but i see this as a very buyable dip which is why you've got my blessing to pounce tomorrow. if you want to. on american express. "mad money's" back after this. >> coming up, does intuitive surgical have room to run after a solid quarter? go beyond the earnings beat with cramer for a closer look, next.

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over the past year, we finally started getting through our covid era medical backlog with people catching up on non urgent procedures. that's been horrible for health insurers that have to pay for it but it's terrific for the medical device companies that are used. we saw a shining example when

intuitive reported a spectacular quarter. they make machines for robot assisted minimally invasive surgery. even though the stock had sold off this month as the laggards played catch up, that all changed with the report. see, these guys delivered strong sales to earnings beat, up 14% year-over-year. wall street was only looking for a buck 54. that translates to 25% earnings growth. both earnings and revenue accelerated from the previous quarter. now intuitive surgical has two main lines of businesses. the razors and razor blades. they sell these da vinci systems then kits. last quarter, they were up 331. robot procedures growth came in at roughly 17%. that's better than the 15.5% number that wall street was looking for. thatrepresents an acceleration

from 16% in the previous quarter. that's actually unlike almost every other company in the previous space. you almost never see a stock surging 9%. this time, they raised the low end of its forecast growth from 14% to 15.5. they also cut their operating expense very good. we heard a lot of positivity. first, we got context on the 17% procedure growth result. there was also a 2% increase in average system utilization. that shows hospitals and surgical centers are getting more use out of the machines. it's the whole medical technology thesis that we like so much on the show. meanwhile, procedures outside the u.s. were up 22%, reflecting strong growth in general surgery, gynecology, but u.s. procedures grew 14% driven by growth in general surgery which off set a mid decline in bare yat rick surgery.

everyone's been worried the weight loss drugs would crush it. down one is not going to crush the story entirely. there's enough business to absorb the impact even though it's jarring. there's the new da vinci five system. made it clear the five launch would be measured throughout the back half of 2024 and early 2025. they're careful about feedback but the early customer feedback has been very good for this one. also called out the success of the digital platform including an app. my untutive. it's now used by 14,000 surgeons. the number of surgeons using it has more than doubled. management believes increasing the reach will be a big growth driver. also, intuitive called out the success of the international growth initiatives, they're seeing success in europe, germany, the u.k. and italy.

although china like with so many other medical device companies, remains difficult. china doesn't seem great for these guys now honestly. it's pretty bad for everyone. finally, there was some talk about all the potential new indications that would be on the horizon with the focus on positive results from rectal cancer clinical trial in china studying robotic assisted surgery. overall, i think this was another great set of numbers. their growth accelerated. only concern is that stock about valuation. especially after its monitor move. the darn thing made a new high total. it sells roughly 70 times. that ain't cheap, but then again, intuitive surgical has always been expensive. in early 2021, the stock sold by as much as 85 forward earnings. it's had an average of 58. while 70 times these numbers is

high, believe it or not, it's not insanely expensive versus its history. i could tell you it's cheaper if you look to the out years. 52 times 2026 earnings estimates. they've beaten the estimate for six straight quarters and the size of these beats is beating. maybe the estimates are too low. maybe the stock cheaper than it looks as has been the case. i believe though although it's hard to say how much cheaper than it looks, valuation has never really mattered all that much for companies with repeatedly explosive growth like isrg, hence why we keep recommending it. as much i like it, it feels like you're chasing with the stock up 10% trading at an all-time high. this company c's firing on all cylinders and fd you don't own the stock already, it should be on your shopping list. we're going to have a market wide pullback. you know we have these. look to this one. we tend to get plenty of these

in august and september so particularly wild election year. i wouldn't be surprised if we get a 5 to 10% pullback and you've got to pounce. that's when you can pick up intuitive surgical. let the market throw it out on some big picture worries then you can buy it hand over fist. yes, it really is that good. yes, it's really worth owning. trey in texas. trey? >> jim, i'm at the age where shaking hands with strangers is quite nerve racking. do i lean forward and show them the double chin or lean back and reveal the receding hairline. fortunately, there's a company dedicated to slimming me down and restoring my once greek god like hair. should this work, is hims and hers a buy? >> i have liked the stock. i did a piece about it when it was in the low 20s. it's kind of stuck here but i think it's got look, the drugs that are like wegovy and

mounjaro and zepbound and i think it's got what you just described and i don't think it's that expensive given the growth it has. the stock is up 128% for the year which is why it's prone to profit taking but i agree with you, trey. i don't care, double chin, her suit, whatever, you're in good shape. g gloria in indiana. >> hi, jim. my husband and i watched your show for many years but he's dwoen to heaven now. our friend called you and said we need to be more diversified since i have mostly health and tech stocks. what do you think about proctor and gamble? >> i think it's terrific. a lot of times, jeff and i battle back and forth. i was thinking maybe at 169, we ought to sell, but i like it still. it's got a 2.5% yield. 2.3. i just think the proctor, you're not going to go wrong with here. they're doing a lot of great things. maybe get 3, 4% growth. it's terrific. rod in new york. rod. >> hey, jim. it's rod from syracuse.

long time club member. >> excellent. >> i'm up 70% this year in my portfolio. thanks for that. >> wow. >> i want to thank you for your work. i want to thank you for your work ethic. inspiring. >> thank you. >> i went out on my own outside the club stocks with one called vir tech pharmaceuticals. i'm up 20% in the last six months. my question is should i trim it, sell it? >> no. vertex, it is just so good. it has cf down. they're working very hard on this. the non addictive painkillers. this is a winning stock. and the fact that i haven't added it to my charitable trust is my fault. i don't want you to sell it even at this all time high. our viewers are so smart. i think intuitive surgical has a lot going for it.

only if you wait for a solid pullback because it just spiked and i don't like to recommend coming in after a spike. much more "mad money" including with the ceo of domino's. then nike, starbucks and estee lauder are all struggling to find their footing but i think one of these companies has a chance to turn themselves around. rapid fire, tonight, the lightning round, so stay with cramer. - [narrator] we just signed the lease on our third shop. my assistant went to customink.com to get new uniforms with all the locations. he found great products, uploaded new art, and had boxes sent to all the shops. custom ink makes it so easy. get started today at customink.com.

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domino's lost over 13%

ralast week. even though they reported a solid beat, wall street wasn't happy with the guidance. management cut their net store growth outlook while suspending the global net stores forecast because of problems at their largest franchisee. so could this be your chance to buy a phenomenal long-term performer? maybe we need to take a little more worry. let's check in with the new ceo to get a better sense of the numbers. welcome back. >> thanks so much for having me. >> i say new but that's only because we haven't seen you that much. i'm thrilled your here because i think people want to know is something awry? because one thing i've said about domino's, this is the most consistent story i follow. >> you're right. i started in marketing in 2010. we launched the new pizarrza an you called us at ten bucks. you did pretty well. >> it's because my kids love it

and then you added the no cheese. vegans. >> we've been very consistent over the years. what i heard from investors when i talked to them after the call was the dpe thing was a surprise. our job, jim, as you know, is to provide only you know, positive surprises. we're supposed to be consistent. there was a miss there. we have to take guidance down like you said 175 to 275. i met domino's ceo don may here in new york a couple of weeks ago. that's what our teams are focused on. >> more than 3,000 stores. >> yes. >> but at the same time, that's not tens of millions of dollars we're talking about. >> jim, we gave a number. our job is to hit it. for perspective on our international business, we've got 40, 50% of our growth is coming from china and india. china just increased their growth targets from 300 to 350 a year. india and the six markets, 5500 stores a year. so when you're a 90 plus markets

around the world, you're going to have some fits and starts and some but the beauty is you have the other markets to round things out. now, the other positive, the other piece of information i got from investors was wow on this u.s. business. because and you know this, you've been covering this. 4.8% and positive same-store sales is a good number but the quality of those sales are through people coming into our stores more. it's through traffic. traffic and qsr now, folks are struggling because prices are a little bit high. >> you say it's not from price. you didn't raise price big. that's not what happened. >> no, we like to think we have profit power. people talk pricing power. we price for profits for our franchisees which means driving the top line. it also means really good value for customers. i think that's why people are coming to domino's now. our value has never been better so today's orders are tomorrow's sales. we increase orders on our delivery business, carry out

business, every single income segment. i don't think anyone's doing that. >> i want to put this dpe to rest though. it's a publicly traded company. why did you not get a heads up from them that there were problems? why did we learn this on the day of earnings? >> yeah, they did announce the day before. the way our process works every year is we budget with our master franchisees. we had a pretty conservative number for them because last year was a little bit tough. we were working together in q2 and it looked like q2 wasn't going to hit. teams got together and said we've got to say something and that's what we did. >> i got it. l let's talk about the things that are very exciting. you very rarely add something. when you do, it's a big deal. you added new york style. how's that going? >> it's great. i call it innovation with intent. sometimes you look and people la la launch products, you wonder why. we launch about two a year with

our new hungry for more. >> mor. that's an acronym. >> hungry for more. more sale, more stores, more profit. how? four. most delicious food. it's all about the products you launch and making them delicious. oper operational excellence. we're delivering 10% better than we were two years ago. we we're now in value. that's why we're getting all these people in and everything is enhanced by our best in class franchisees. the new york style pizza, there are some people who don't like domino's pizza. they're looking for something more thin. so this is a great product. for those folks and we're bringing incremental eaters into domino's. >> now younger people are telling me the offering $3 you tip we tip promo matters because people with pinching. they're pinching dollars. >> the r in hungry for more is

about renowned value. not just value. not just a price point. it's value that people talk about. and so all you tip we tip is it's a $3 bounce back. you buy pizza. you get $3 next time. that's boring. that's not renowned value. but everyone today is pretty frustrated. i was telling you a story earlier about chap stick and was asked to chip for the chapstick. we kind of just changed the messaging and said hey, let's call it you tip we tip but the mechanism the same. >> we had an outfit called 100 x and they measure customer satisfaction and you had the highest in your segment. but they said some of this is because it's the price value. it may not be the super best tasting, although you know i happen to love it, but the fact is you're offering something that seems to be reminiscent of before covid. before things went crazy. true? >> yeah. well, the way we look at value is not just price. it's an equation. the price is the denominator.

the benefits are the numerator. so what else can you give people? one of the things i think is great about our price points is you can use our national promotions on any item. that's a benefit. it's not just the pizza. it's sandwiches. pasta. salads, desserts. most people now are getting whiplash. prices are higher. discounts coming on a certain item. you maybe not want that item. at domino's, you can get anything you want for our national promotion and those are benefits. we feel like the more benefits, loyalty program is another one. >> 30 million? >> i can confirm we're over 30 million but we'll give an update at the end of the year. it's every, we change that program to get more frequency from our light users and it's really working. >> my takeaway is the first thing you said, which is we're not used to getting anything other than positive surprises.

even though it was international and even though i don't think it was $10 per share, it was something that you're not proud of and you're not going to let it happen again. >> that's all that matters. >> and focus on that u.s. business. you'll see at the end of q2, this was a really special quarter. >> excellent. that's what i want to hear. the ceo of domino's pizza, dpz. "mad money's" back. >> coming up, lightning doesn't just strike twice in cramerica. >> boo-yah, jimmy choo. >> thanks for taking my call. >> it strikes every day. c cramer is back in a flash with your questions. next.

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it is time. and then the lightning round is over. are you ready? start with gary in ohio. gary. >> hey, jimmy chill, how are you tonight? >> doing well. how about you? what's going on? >> i am fine. just want to shutout a big for all the buckeyes in ohio and i have a question on a stock here for you. >> sure. let's go to work. >> it has trouble getting traction. it's salesforce. >> it does have trouble getting traction. that's a nice way to put it. i've been kicking myself, sold some higher for the trust, but

we've owned it for a long time. i think it's a hold here. tom in ohio. tom. >> hey, jim. the stock at 213 a share. up over 500%. what are your thoughts on adma. >> congratulations. that's been a rocket. you know, i have to tell you, if i were you honestly, i would take some off the table because you got it so you can play with the house's money and never, ever worry. obviously nailed it and i do like this kind of biological company. but i want you to take a little off the table so i can sleep at night for your sake. anthony in washington. anthony. >> hey, cramer thanks so much. my stock is ousd. made a bunch of money on the way up and i want to see if i should double on and keep going from here. >> we've had this kind of moment here where it's come back into vogue. i would actually take some off the table. it's another part of this big

small cap rally. i think it's gotten ahead of itself. i would bring the register on something. clarence in connecticut. clarence? >> happy monday, jimmy choo. you bet you, man, what's going on? >> let me tell you. i'm a few months older than you and but i've been following you since you took the street.com public. >> oh, my god. 1999. unbelievable. what's happening? >> all right. so, here's my question. after hitting a high of 109 at the end of may, my stock has pulled back 25%. still has a pe of 34. but i want to know do i buy or wait for earnings or just avoid? >> oh, look.

everyone's on the trade. i think it is the wrong thing down here to turn on it. i think we started to see good numbers from nvidia. good pin action from nvidia. i would hold on to that stock. i would not sell that stock. leon in pennsylvania. leon. >> good evening, jim. i'm interested in -- >> i believe that everybody should have one oil. this one's got a nice yield of four. i think you're in good shape. i would hold it. jim in oklahoma. >> boo-yah to you, jim, and thanks for the investment club. what a great resource it is. >> yes. thank you very much. >> i've bought kava when it came out at 40. and it climbed to 98. i know it's in the discretionary con consumer category. it dropped to 80 today. is that just because of the category it's in? >> yeah. i think this one, it has had a

very, very big run. it's up 86%. a lot of the stocks that had very big runs are m ccoming in sales. i would hold on to the stock and if it dropped more, i would do some buying. to austin in oklahoma. austin. >> hey, jim. how's it going? huge fan of yours, man. >> thank you. what's happening with you? >> not much, man. the stock i'm calling about has been up about 28% and i'm not sure if it's too late to buy. it's a search and discovery company. ticker is pins. pinterest. >> i think pinterest you should be buying hands over fist. i think this by the way is along with redditt new companies you have to be in because of the advertising dollars. i like it very much. and that, ladies and gentlemen, conclusion of the lightning round.

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took a bad loss today for the investing club. we dumped part of our position in the disaster that is estee lauder. the high-end or plain expensive cosmetics company has faced downs. those pale on the face of my ill advised strategy to stick with a loser hoping it would become a winner even though their strategy is to bank on a potential turn around in china. it's all on me. i thought he could handle the china downturn but he couldn't. in truth though, china has helped tarnish many a ceo from nike's to starbucks'. both ceos are struggling in their stocks while not as horrendous as estee lauder have been pretty abysmal. nike's ad campaign -- am i bad

ceo, every downturn should be a fall buy. looks like dano. can't just blame nike's downturn on china. the u.s. isn't doing great either. how about starbucks? the last growth stocks that are modern china. shareholders got good news when we learned that elliot management has taken a big stake in the company. now this one makes a ton of sense though and we have some from the charitable trust and we want more now that elliot's in. why? because there's no doubt that starbucks is still great. it hasn't been destroyed by this regime. the company is bogged down by mechanics. difficulty making new drinks. long lines. my hope is that they see how good they are at orchestrated turnarounds and let them come to the table. if he chooses to go against elliot, they're in for the fight of their lives. perhaps starbucks will see the numbers benefit from the lull in the gaza war. starbucks was heavily protested by pro palestinian demonstrators around the globe even though the

company has zero connection with israel. doesn't even have any stores there. estee lauder, i'm not sure if the brand has been tarnished. the elf brand was an arrogant mistake. nike sneakers have been eclipsed by new balance and hoka and on. but starbucks i think is all about the company failing to deliver. elliot knows this business can be fixed and when it's fixed, i believe the stock will go quickly to 90 if not $100. if not restricted, we'd be buying more here and now. can't do it though. my belief is that they fix it or elliot finds a new teao will. a brand so pristine, so good, that i have to be they can find the best leadership and have them right the ship. perhaps ooeeven before the end the year. starbucks is one of the three big china losers that i consider buying because it doesn't have a

demand problem. in fact, it's problem is that it can't handle the demand and that's a very high quality problem indeed which is why we upgraded today and told club members you're getting a chance to ride along with elliot with or without the current starbucks team. i'm jim cramer. see you tomorrow. returns to the tank. you're, like, why america is the amazing country it is. who wants to make the world a better place? i think it's a phenomenal product. what are your sales? loss, 200k. -ohh! -oh, wow. eventually, you got to run a business! and we are. you've been in business for seven years. what's the product?! i need a solution. like, god, please help me. i want 33% of the company... yowza! ...and i will give you $1 million. what?! it's never happened before in "shark tank" history. yay! yay! ♪♪ narrator: first into the tank is a solution