about wedding etiquette -- >> you alone had it. >> we're going to do it in the "fast money" widget extra. >> right after the show. >> carlisle group breaking out. >> thank you for watching "fast." see you back here tomorrow. "mad money" with 5:00 for more "fast." "mad money" with jim cramer starts right now. . my mission is simple, to make you money. i'm here to level the playing field for all investors. there is 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. other people make friends. i'm just trying to help you make some money. my job is not just to entertain, but to educate and teach. call me, 1-800-743-cnbc, tweet me @jimcramer. this market is not experiencing a small cap rally. it's experiencing a rally in

everything else but the tech titans. mega caps have become what we called shared donors for every other stock in the market. it's not a rotation at all. it's the great broadening, and we have to embrace it as bullish, not bearish. [ buzzer ] except for the big cap techs that report this week that are stalling out daily and run into selling every day at the close. so on a day when the dow ended up 4.5 points and the nasdaq rose 7.8%, i say we celebrate the market. i want to put examples in your face so you know we aren't being led solely by a bunch of small cap companies. small cap companies are really bad stocks and bad companies. and the stocks are only being bought as part of a larger basket, like the russell 2000, the s&p or even the s&p mid cap 400, which it represents the most undervalued part of the economy.

the big institutions don't have time to examine the smaller cap stocks. that it do the 500 and buy the index itself as an entity because it is still historically cheap, even after this rally. that's the broadening. so the trash. the treasure is companies that do better when interest rates go down, like when the fed starts cutting. the tech titans so rich don't need the public debt markets to prosper, so they don't get much benefit from lower rates. that's not the case with the small caps. you can see why people would sell the tech titans that are already up huge for the year and psych into cheaper small tech stocks as a group even if many of them are just plain awful. [ booing ] >> when you buy an index, you always go to bed. it's not just the russell 2000, which i'm tired of hearing about. let's look at some individual stocks that have tacked on billions of dollars in market capitalization as part of the great broadening that is much more permissive than anything

we've seen in ages so you know it's not some sort of small cap rob, even though you've heard it every day. take mcdonald's. this stock has gotten no love. it's seen as a loser because its meals cost too much. it's a total -- [ barking ] >> so this morning mcdonald's, $188 billion company, not small cap, reported disappointing same store sales, down 1 instead of up.84%, substantial sales miss, 10 cent earnings miss, i saw the numbers and said to everybody in the room, all right, this one is going soar. everyone looked at me, what is he talking about? sure enough,mcdonald's jumped u 4.5. a stock like mcdonald's would have been pelted into submission after reporting such dismal numbers. the market has fallen out of love with the seven. and nobody was disappointed by mcdonald's because everybody expected bad numbers. give me a break. they plan to return to growth including $5 value meals was

enough to get everyone excited about this one. we saw the same thing on friday with the $69 billion 3m and the $9 billion reported on friday. both had a ton of good things to say. bill brown, the new ceo of 3m spent most of the call talking about how he sees many areas where costs could be cut. he saw multiple segments that could grow faster. that's all it took for the stock to rally 123%, what you expect if 3m had gotten a takeover bid. i say that's just playing catch-up as part of the great broadening, although bill is an inspiring fellow. bristol-myers did raise the earnings forecast substantially which is a huge positive. the company earned $2.77. everyone had given up on this one. that put news on a hopeful slew of new drugs got the stock soaring more than 11%, the most in 20 years. a broadening needs bristol-myers. it can't rely ily endlessly on lilly. a new ceo came in and now they're knocking it out of the

park, not unlike 3m with the new ceo. of course, we're seeing a remarkable run in the smaller semiconductor stocks. if you take one look at the estimates, seeing a wholesale redistribution from the once loved nvidia to everything else. take this point. on semiconductor report, and we've gotten used to it missing the numbers, it's like an old shoe missing numbers, but not this time. it beat the estimates. earning 96 cents versus 92. wow. and it rallied over 11%. ceo hussein al kouri had a good out good things to say. we're seeing stabilization in our core market. he went on we expect parts of industrial and energy sector to recover in the second half. not only that, but china is recovering in industrial and auto. boy, they got some big orders from vw brands too. they may be the stock that keeping on giving market cap if the president keeps on antagonizing taiwan. this stock has not been able to rally ever since former president trump made that statement.

out of taiwan into america? sure. makes sense as -- well, as long as it's more bite-sized like a skyworks, sure, the russell 2000 is talked about endlessly, but have you seen the s&p mid cap 400s? vroom vroom! that's me making an auto sound. super funny. laughing on the inside. what's leading the charge? three of the top ten stocks are banks. wow. they've all experienced rallies of tremendous proportions of night. take first financial bank shares of abilene, texas. on july 10 the stock is at 29. now 38. how about number two? you may not know south state in columbia, south carolina, but this powerhouse has seen it's going go. columbia's own banking system, the system's stock was at 19 back on july 10. now it's at 26. every one of these are what you would expect from a takeover bid if you didn't know better. here is something that makes sense. there are three home builders in the on the ten list.

when interest rates go down, these stocks soar. number eight, one of my faves, fortune brands innovations. a fabulous company we've had on, which makes all sorts of high-end fixtures for housing and puts out great numbers on friday. that's exactly what should happen right now in the business cycle. it's fitting. it's fitting. that's kind of the issue with the move. it's so fitting it's almost by rote. i love those new unheralded stocks. we hate the old tried and true fabulous companies. money is coming out of what has been running for a long time and going to cheap stocks. does microsoft report tomorrow really gain or lose from rates? not at all. it doesn't need to borrow money. thursday, the day of days, apple and amazon have nothing much to do with rates at all. even as both their products have cost consumers a lot of money. maybe these stocks can advance, but the bar sits so high it will be hard for them to excite or enthuse when we're at the beginning of a rate cuts cycle. so the bottom line, i guess you're supposed to sell

companies that have nothing to do with rates and buy stocks that can benefit from lower rates? when you put it in that proper context, you know it's got some staying power. at least until the small and medium-sized catch up to the magnificent seven, although if that's what's needed, an awful lot of points will have to be transferred from the seven to the small fry to complete this rotation. i want to start with dave in california. dave? >> caller: boo-yah, jim. >> boo-yah, dave. what's going on? >> caller: well, i've been a club member for almost a year now, and been learning a lot. >> thank you. >> caller: in light of your terrific interview with the commerce secretary last week and their future technology plans, she mentioned texas instruments. that they had a good relationship with texas instruments. is this a good time to restart a position here? >> yes, it is. i'll tell you why. just like on semi reported good

numbers and didn't report good numbers, you have an activist in there, elliott partners, that can make a lot of things happen. by the way, they're in starbucks, and i think they can make a lot of things happen there, and in southwest. texas instruments is a great story company. 2.5% yield, and i think they have a very big meeting that will tell you strategy and stock is going to go up well in advance of that. i want to go to robert in new york. robert? >> caller: jimbo, i miss talking to you. it's been about two weeks. and i got tell you, you're amazing. tomorrow is my birthday, and last time i sang happy birthday to you, if you remember. >> i enjoyed that. >> caller: i know you did. it was pretty cool. >> hey, you know, well, if you like your reviews yourself, absolutely. >> caller: well, jim, i got to tell you, it's been one year that i've been speaking to you, and it's been a thrill of a lifetime to call into your show because you have made me so much money in the one year is my birthday. >> there you go. happy birthday. and i love that. see, i love.

>> caller: happy "happy birthda me, happy birthday to me, thank god for jim cramer, he's made me tons of money ♪ >> don't quit your day job, but i like that. i like the theme of it. i'm going play that on a continuous loop to my wife lisa until she realizes i'm a good guy. >> caller: you're not a good guy. you're a great guy. but let's get on with it. >> just a second. let me get on the phone. no that was a mistake. i made a mistake. i violated all of tv rules just then. and you won't see for the next 40 years. tell me what's going on. >> caller: i love you, jim. this stock has really done well in the last number of months driven by the company's strategic initiatives and market conditions, especially in its investment banking sector. their wealth management sector has been increasing also. i would think if the fed cuts rates, this stock will go much higher. morgan stanley. >> i agree with you. i agree with you on everything on that call, frankly. let me tell you, morgan stanley,

when we do pieces about these big ipos and we get a lot of takeovers, you're going to see morgan stanley go higher and higher and higher. and i want to thank robert from new york and dave in california. they bring it. they bring it every time they call. club member. this is a great broadening trade, people. the big cap and the small cap. get that out of your head look, this is when you sell, you donate great points from the big guys to the little guys. and you know what? i think you're going have something with great staying power because of that. on "mad money" tonight, potato company lamb weston has been getting fried! so is there any hope for the stock becoming a hot potato? i'm running through the latest. and the largest ipo, lynn package in, and the market seems to like it. where do i come down? what is it going to take for the power company to finally break out? i'm seeing where things stand with the ceo, so stay with

cramer. ♪ hallelujah ♪ >> don't miss a second of "mad money." follow @jimcramer on x. have a question? tweet cramer, #madmentions. send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.

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witness the greatness of anna hall on a connection worthy of gold: xfinity mobile. only xfinity gives you the most powerful mobile wifi network, with speeds up to a gig in millions of locations. and right now, get up to $800 off the new galaxy z flip6 and z fold6 when you trade in your current phone. get the fastest connection to paris with xfinity. last week, the stock of lamb weston blew up. this company supplies frozen potato products to restaurants and retailers, saw its stock fall more than 28% on wednesday in response to a truly heinous quarter. [ booing ] worse, this is their second implosion in a row. when lamb weston reported in april, its stock fell nearly 20%

in a single session. >> sell, sell, sell, sell, sell, sell! >> at this point the stock is down 48% for the year, making this purveyor of french fries the third worst performer in 2024. a striking decline for what used to be considered one of the premier package food companies. for the uninitiated, lamb weston has been a leader in the frozen potato industry for more than 70 years. now these aren't frozen, and they really stink. but that's okay. until 2016, it with australia division of conagra. but since the spin-off, it's done very, very well. from late 2016 through late last year, the stock rallied nearly 300%. ♪ hallelujah ♪ now suddenly it's become one of the worst stocks in the market. >> that was easy. >> it now looks like a smarter company even thought about the spin-off. with that decline, we have to ask what the heck is going on? technically, the trouble started when lamb weston reported a year ago, july of '23. there was nothing really wrong with the numbers, the stock didn't seem to care. in fact, it kept sliding for the following months, call it late july to mid-october 2023 as part

of the broader beatdown in the food stocks created by the additional glp-1 scare, the weight loss drugs. the first move is everyone was terrified of new weight loss drugs. they reduce craving for junk food and it brought down practically everything. it can even do this. it can make it so you don't want these. it was -- it was indiscriminate, but at least when it comes to lamb weston, the rise of glp changed the narrative. people love french fries and tater tots and other potato products. so the company kept growing nicely as it expanded around the world. but after last fall we had to reconsider whether that story still works in the glp-1 world, because in junk food, almost all the companies that make junk food are guilty until proven innocent these days. at first lamb weston didn't seem like it had a problem. they reported very good quarters in october and january. things were really going fine with the story until suddenly, they weren't.

the trouble started in april when lamb weston reported a shockingly bad set of numbers. in fact, it was a very bad combination. a huge revenue and earnings miss. ugh. wall street wanted $1.65 billion. the earning shank by 18%, falling to a $1.20 a shares worse, management cut their guide in the most embarrassing way. lamb weston raised the earnings forecast in april. it sure didn't make management seem really clueless. >> they know nothing! >> in april, lamb weston had a legitimate excuse for its sudden reverse of fortune. in fact, they gave a couple of reasons for the weakness at that time. but investors only paid attention to one, the company's transfer to an erp system in north america. when you make a change in resource planning, it goes

poorly, the consequence can be pretty dire. i don't blame anyone for focusing solely on that issue in april, because that's exactly what lamb weston's management did on the call. at the time, even though the stock got crushed, there wasn't a widespread sense anything else was wrong. a lot of folks assumed this was one-off problem that could be easily overcome. remember, this stock has been a total home run for a long time. but if you read the report a bit more closely in april you would have found some clues something else was afoot. management cut their full-year forecast. they alluded to soft near-term restaurant traffic in retail trends in north america and other key international markets. to me it sound pretty serious. remember, this spring is when we started to hearing rumbles about certain lower income corners of the consumer base. but pretty much everybody assumed lamb weston's problems were on the resource planning side rather than in slowing markets like mcdonald's. they happen to be a supplier to mcdonald's. it's just po potatoes, for seve

sake. this time the company declined by 5%. the earns were worse, down 40% year-over-year, coming in at 78 cents a year. you know what wall street was looking for? $1.26. >> the house of pain! thinking was the final quarter of the fiscal quarter too. the earnings still came in lower than their lowered guidance from april. worse still, management issued a very pessimistic forecast for their new fiscal year, talking about $4.35 to $4.85. the street was looking for $6.10. man, that's a big miss. this time there was very little talk about enterprise resource. ceo tom warner didn't beat around the bush, saying, quote, our price slash mixed results were below our expectations while market share losses in the slowdown in restaurant traffic in the u.s. and many of our key international markets were greater than we expected. we also incurred losses related to a voluntary product withdrawal. man, that's nasty. now looking forward, warner warned that, and i quote, we expect fiscal 2025 to be another challenging year. the operating environment has changed rapidly over the last 12

months as global restaurant traffic and frozen potato demand softened due to menu price inflation continuing to negatively affect restaurant traffic, end quote. then he goes on the say this has resulted in an increase in available capacity in north america and europe. we believe the supply-demand imbalance will persist through much if not all of fiscal year 2025, end quote. it's a good old fashioned potato glut, the opposite of the great famine of 1848. maybe we should have seen this coming. this is exactly what we've been hearing from the restaurants themselves, the customers. the ones who raised prices are losing traffic. and the customers that do come in might not be ordering as many things, including fries. i can't believe that because the fries are so good, but it does happen. that means lamb weston either needs to compromise on price or lose its business entirely. compromise on price means estimate cuts. still, at this decline, do we think the stock is a lost cause? i'm not ready to go there.

no. i think you need to be careful for the next quarter, maybe even the next year, but i think they derisked this thing. i smell an opportunity. not those fries. they stink. with the huge pullback. the stock is being cut in half for heaven's sake. now for 12.5 this year's earnings estimates. even if lamb weston disappoints by about 50 cents per share, and you assume it deserves to trade at 20% discount to its historical valuation, that would still make it an $80 stock. up more than 40% where it's currently trading. also, remember by the time we get to next spring, the company will start lapping the easier quarters. we heard from mcdonald's. keep things down, right? keep the prices down, a little more customers are going to come back. honestly, my real concern is the impact of the glp-1 on all things starch. maybe it's the consequence of these drugs. the whole restaurant will be in big trouble. i don't think it's there right now. the higher prices are ss are cr the industry. not enough people are on the drugs, least not yet.

i would be a buyer. i know that's very contrary. so you want to buy slowly because things could get a whole lots were before they get better, but remember, mcdonald's' stock was up today. that matters. over time, i'm betting that the great potato glut will come to an end, and lamb weston will be just fine. "mad money" is back after the break. coming up, a warehouse player of noble descent? don't miss cramer's take on the market's latest ipo, next.

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♪ you might have missed it during the extreme action, but we have a ton of activity from the ipo market last week. four separate companies raising over $100 million, according to renaissance capital. this is the first time that's happened all year. in fact, we got the largest deal of 2024 last week, lineage, a real estate investment trust that operates the world's number one network of cold storage warehouses. it raised more than $4.41 billion. and you can get in on it. there was a lot of stock for sale. given the scale of this one, i think we should take a closer look at it. lineage is a cold storage rollup. they add different businesses together. a couple of investment banker, smart fellows bought their first cold storage facility in seattle, and since then they've made 116 acquisitions to become

the largest player in the industry, three billion cubic feet of capacity. they control a third of the cold storage market in north america. only t closest competitor has only 19%. they use temperature-controlled warehouses and supply their customers with services. they're an essential link in the food chain. their customers include some of the largest restaurants and consumer package companies on earth. we're talking dairy, pork, produce, baked goods and beef. basically anything that needs to be frozen or refrigerated gets in one of their places. this is a standard rollup story. the bankers who created lineage found a very fragmented industry and built a dominant player in a short period of time. now it's the top dog, it can offer more comprehensive services than its small scale competitors. scale is a wonderful thing. let's say you're ordering frozen

steaks off the internet like i do, somebody needs a warehouse to store the stuff in. they benefit from a younger generation that is obsessed with healthy eating. they want more fresh with less preservatives. call lineage. they mentioned they invested more than $1 billion in the past fife years, they moved to the cloud, something management says can help them win business, operate more efficiently. i think they're probably right. but i hesitate the play the tech angle because in the end it is a warehouse company. now let's talk numbers. lineage has grown in sales from $3.7 billion in 2021 to $5.34 billion last year. in terms of profitability, their net operating income grew from $1.13 billion in 2021 to $1.75 billion last year, adjusted funds for operations. this is the key metric for reits. before jumping to $845 million last year. that said in the first quarter this year, the latest set of numbers we have, lineage growth slowed dramatically, even disappeared. revenue was down 0.4% while

operating income was up 1%. and adjusted funds from operation increased by 20.4, which is good but not compared to the 50% growth last year. we need to ask is this the new normal when they god a big boost to growth. beyond that, my one big concern about lineage is all the debt, deal-making over the past decade, actually it's been decade and a half has left them with a substantial debt load. as of the end of march, the company had $9.25 billion of net long-term debt. substantially more than the roughly $5 billion of stock healeder equity at the time. their net get long-term debt was seven times last year's adjusted earnings before interest, taxes, and amortization. that's a very high ratio, not what i want to see. because lineage's debt is so high, they plan to spend all of the $4.4 billion they raised on the ipo on cleaning up the balance sheet. in a perfect world you like to see then use these proceeds to

grow the business. but at least they're taking a major risk off the table. let's talk potential dividends. they plan to distribute half of funds from operations to shareholders. what they made last year, it would have worked out $1.73 per share 202023. with the stock at 86, it represents about 2% yield. not great. the front operations grew by 20% in the first quarter. but i think the prospectus might be a low ball number. a 2% yield sounds about right, not what i want but it has growth. if you like the cold storage business, what should you be willing to pay? we have clear comparisons. the second largest is ameri cold. 3% yield. assume that it's 20% funds from operations growth continues for the full year, lineage is a touch more expensive at 21 times this year's numbers. although i expect the dividend to be lower. if you look at other logistics

reits like pro logicics, they're on, trading at eight times with a 3.1% yield. the valuation seems reasonable. while i don't want to pound the table on this one, modestly positive here. i'd like to see more details before giving a wholehearted endorsement. kind of know where the future growth will be coming from after that last quarter and what the dividend will actually look like, becausethat's why people buy the stocks. with the information we have now, i think there is plenty to like about lineage. my biggest concern is the balance sheet. that's less of a concern after the company used most of the proceeds to pay down debt. valuation seems to be right where it should be which is nice to see after so many ipos from the past five years just zoomed immediately to irrational levels. bottom line, now you know what you need to know about the year's largest ipo, lineage inc. i hope to be able to do more of these know your ipo segments as more companies come public that are worth talking about. although august is usually slow on the deal front, we might see another wave of ipos in the fall, who knows.

it's a pretty positive market right now. let's take calls. let's go to bob in new york. bob? >> caller: hey, jim. how are you doing? >> doing well. how you? >> caller: hanging in there. >> all right. >> caller: starwood announced their dividend for the next two quarters. that's something i've never heard about before. and secondly, what do you think? is he still scaring you away from starwood? >> the problem with the ceo, who he may have declared the dividend twice, if he scares me, i'm not on board. because everybody else can bring him down, even if he is doing well. and that's why i said you know what? i used to endorse this thing for many years. but it's done absolutely nothing. it's not like i missed anything. you get the dividend. but i want more than a dividend if i buy stocks. i want to get a high yielding dividend, if i want a big dividend, i'll just go buy a buy. i don't need the extra risk from being in an industry that this man tells me is not doing well.

let's go to hunter in arizona. hunter? >> caller: happy monday, mr. cramer. >> oh you bet. how about you, hunter, what's happening? >> caller: work discord. i want to know what you think about mwp? >> no, no. i think that yield is too high. that's a red flag. i wouldn't touch that thing. please don't touch it. jeff in connecticut. jeff? >> caller: yeah, jim, long-time listener, first-time caller. your show is great. >> excellent. thank you. >> caller: i own a stock. it's listed in the home builders industry, but it doesn't really build homes. they buy the land, do all the prep and then sell to it to the home build eders, four star, for. >> i don't know forestar. i'm going have to do some work and come back. i think that's an interesting idea to find a real estate play like that. but i really -- you know why. i know tolle, lennar, horton,

pulte. i know all of those, but not forestar. i have to do some work. i don't want to pound the table yet on lineage, but i do think there is a lot to like here. valuation wise, the stock seems to be where it should be. that's refreshing to see. much more "mad money." columbia, did the stock move higher? the quarter's recent mixed quarter is behind it. i'm trying on the story for size with the company's ceo. and on friday, a jury ordered abbott to pay $495 million rempted to premature infant formula. i'm breaking down the verdict and what it could mean for the entire industry. and all tonight's calls in tonight's edition of the "lightning round." so stay with cramer. see, every buy and sell decision before we make them for the trust portfolio. >> they have a portfolio of stocks i could have never duplicated all that information on my own. >> join the club today. go to cnbc.com/joinjim.

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what's happening at columbia sportswear? the outdoor apparel and food wear with big brands like columbia, sorrell, mountain hardware and piranah. last year a better than expected quarter, but management cut the guidance. so is today's action telling us that the apparel -- let's check in with tim boyle to get a better sense of the quarter and where it's headed. mr. boyle, welcome back to "mad money." >> jim, thanks for inviting us here. >> well, i got to tell you, tim, this is the quarter that i'm so fearful of happening around all the world is that we're the slow ones. suddenly out of no, where maybe because it's political, maybe because of problems, we don't know within inflation, but it looks like that our country is no longer as good an environment as some of your other areas. >> well, you know, it's a little bit unusual one, as you mentioned. but secondarily for our company, this is always the smallest

quarter of the year. >> right. >> so any particular issue can get modified and accelerated. we're still bullish on the business obviously, and the u.s. is a great place to live. and the reason our company does so well is because consumers around the world recognize america and especially the american west. so things always get a little turbulent when there is an election going on. and we're just great that we have places in the world that are more robust than here. >> including it sounds like china, where most people are seeing a definitive slowdown, particularly on sports and apparel. >> well, you have to remember, and we've been quite open about the fact that we underperformed in china for a period of time, we've got a great team there. so we're coming out of it, and we're growing. and we've got a really good team there that really understands the market. so there is lots of opportunity for us there. we think that it will be our

largest growing market at some point in time. we continue to brand. >> you continue to innovate. i'm particularly interest in what i will call polar bear technology. i was at this football game. it was the chiefs versus the dolphins. it was minus 9. i was going crazy. will this keep me warm? >> absolutely. you know, that's biomimicry. our team here put together the -- an analysis of polar bears, which as you remember, the fur of a polar bear is actually translucent. so the sun goes through the translucent, hits the black skin of a polar bear, which heats up, and then the fur keeps it insulated and keeps the heat. in we've got a couple of different technologies around that biomimicry. and believe me, this is going to be a real interesting product for us. and a great story and good opportunity for us to tell consumers more about our

innovations. >> and will that be direct to consumer? will i see that in prestige department stores? it will be more of the outdoor wear? >> i tell you what, the biggest representation is going to be at columbia.com where we can really control it. but we have many other customers that are buying it, and it will be available globally. >> i think it's very exciting. i hope you have the scale to pull that off. no one has had new technology. except a battery and jack. that's okay. i want what you got. piralan prana. the industry is slowing down. >> we've been very open when we've been underperforming. we've made changes at prana with the leadership there. we're very excited about the new opportunities there. and similar, with sorrell, where we just got ourselves in a position. and frankly, this is a small quarter for sorrell, very small. but we're going turn those businesses around, and we're well on our way. so we're very excited about the opportunity. and it's going to be -- it's

going to be good. we've really spent the last year managing our excess inventories and focusing on profitably quit dating that stuff. and now it's time to turn our attention to growing the business again across all of our brands. >> we do have a lot of products here including a product that has very soft on the outside. kind of like it. it feels really cool. kind of reminds me of a colorado thing. made in vietnam, titanium, which i see in the upper right-hand corner. that something that we'll be buying in the fall? >> the titanium products are our best products. and we have a quite broad selection of titanium products across sportswear, outer wear, and footwear. and that is a really good opportunity for us to put together our best technologies and our best thoughts about how to keep warm or cool. and, yeah, we'll have lots of available for this coming year. >> any new with performance fishing? i went on a fishing trip with my kids. everyone was jealous because the sun was really bright, and i'm

the only one that didn't get completely fried. >> well, you know, what's interesting is we are going to be -- and available for spring '25 a great product which we call sun deflector. so if you remember the reflective product that we have on the inside of our garments, we've designed a ceramic rendition of that called sun deflector. which means the sun will hit that fabric and bounce off and won't create heat and also keep cool. but that's going to be part and parcel of the next lunar lander which is going to take off some time in early january, mid-december, early january. and that's going to be connected with the technologies of omni heat infinity, which was on the first lander. so we're going to have two columbia technologies under the next lunar lander launch, and

we're excited to promote those and make sure people understand how important they are for not only keeping people comfortable, but keeping technology lunar lander in good health on the moon. >> that's very cool. i got to tell you, i love your stuff. everybody does because it's always something new technology. i hope sorel has a good season. we know that is really crucial to the quarter. but i think it's the technology that's crucial to the company. and you always deliver. and thank you so much for coming on. i hope america picks up when we get to the important quarters, not this quarter. >> absolutely. thanks, jim. i appreciate it very much. >> of course, tim. that's tim boyle, president and ceo of columbia sportswear. you see the stuff. i know the stuff. i wear all the stuff. i don't know about you. "mad money" is back after the break. coming up, pop open those umbrellas and tee up your toughest questions. cramer takes on all comers in the "lightning round," next.

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"lightning round" is sponsored by charles schwab. trade brilliantly. ♪ it is time! it's time for the "lightning round." saying this, buy buy, buy, buy, sell, sell, sell, you play this sound -- [ buzzer ] -- and then the "lightning round" is over. are you ready, skee-daddy? time for the "lightning round." sam in massachusetts, sam? >> caller: jim, we have a stock on 80% on 2021, and that's illumina. >> no, no, lumina. i like danaher. i did sell danaher after a huge battle, but it's a much better company than lumina. let's go to jim in kentucky, jimmy? >> caller: jimmy, happy boo-yah to you. >> oh, man, what's happening?

>> caller: with the recent pullback in bank of america, what would be a good entry point? >> right here. buy some right here. buy some maybe if it breaks 40. this company is selling very inexpensively, and it's a good one. let's go to anne in indiana. anne? anne? >> caller: hello? yep, i'm here. >> what's going on? go ahead. >> caller: i just feel like an idiot. constellation energy, buy more, hold it? >> look, this is a solar play that is a very good company. it's up a huge amount versus a lot of other stocks. it's up 47% still for the year. i think you buy some. please hold on to it. do not sell it. let's go to peter in new jersey. peter? >> caller: good afternoon. i'm sitting here in my new jersey flower garden waiting to talk to a man. thanks for taking my call. >> of course. >> caller: here is my question, two parts. i have a year and a half, two-year time horizon. my question is on your end. what do you think roughly is the outlook over that period time? >> i think the problem with meta

right now it's gone up so much that people are selling meta to buy a lot of stuff in the small and medium-sized range. i don't think that's going to change no matter what mark zuckerberg says. be aware that the stock is in the doghouse right now and it comes out even after it gets even cheaper. vinay? >> caller: boo-yah. long-time listener, first-time calling. i think if you want exposure in india, it's a great way to get that exposure. i think it would be better than buying a whole basket. i like that idea. let's go to scott in california. scott? >> jim, i got say thank you for sharing your opinions with all the experience you have in the market for so many years now. >> thank you very much. i do my best. thank you. >> caller: so i called you a little over a year about a little pharma company that spun off from merck, and at that time, you weren't too warm and fuzzy about that segment of the market, but the whole pharma has been off. but it's been a little while

now. i think o.j. simpson since november they came off bottom and they've been steadily going up. they have a solid dividend track record, and they're profitable, and they're going for a less than six-times earnings. am i missing something here? >> what's the stock? oh, organon. that one is probably not done. and that, ladies and gentlemen, is the conclusion of the "lightning round" -- [ buzzer ] >> the "lightning round" is sponsored by charles schwab. coming up, the verdict is on abbott labs. but cramer isn't done with his closing arguments. next.

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♪ i knew abbott labs was in trouble from the moment that i saw their first specialized baby food lawsuit against them taking place in st. louis, missouri. but i didn't know the extent of the damage. after friday's jury verdict awarding the plaintiff $95 million in compensatory damage, $400 million in punitive damages, a lot worse than i thought. obviously this is an outrage. abbott labs makes a special baby formula at the request of pediatricians and their families. something the american academy of pediatricians strongly favors. the academy says the formula is essential to fighting the effects of necrotizing enter row colitis. it's a condition the plaintiff claims is causing in the formula. the formula is off a last defense for bobbies when they

can't get enough milk. if there isn't enough human milk donation, there often isn't, doctors turn to special formulas made by abbott labs. pretty much the whole medicalized profession requires the formula, a routine or necessary part of care for babies born prematurely. they're the ones that use it. yet lawyers for the lawyers in st. louis arguaed successfully that it not only caused it, but did so with no warning, hence the $495 verdict. i'm at a loss for words. "the wall street journal" called it a shakedown. abbott only makes this formula because it's the right thing to do. the product line only makes $9 million a year. as ceo told me on "squawk on the street," if this product was no longer available, there would be a health crisis. they would have a to be insane not to pull the formula. the same goes for another that lost a similar lawsuit that cost them $16 million. the real issue is our justice

system handles civil trials like a game of routette. it's so capricious, that they're being held to a stronger level like johnson & johnson with no warning label that cost them $2 billion a quart. also in st. louis, missouri, of course, there are 22 women in the family sued j&j for causing ovarian cancer by failing to disclose the baby powder had asbestos in it. even though they never knew about it and j&j says there is no asbestos in the powder at all. with abbott, the penalty is much bigger, even though their special formula saves lives and doctors recommend and use if it. it's not found in cvs or well greens. the idea if this causes anything seems absurd. plenty of babies get it when they live entirely off of milk. it's a redistribution into the hands of the plaintiffs and lawyers. abbott may not be able to make the stuff any more, even though every neonatal intensive care unit in america needs it.

it's so stupefying that the market sloughed off nearly $30 billion from market capitalization since we started worrying about this case. the government doesn't come to abbott's aid. just watches and shrugs. there is a something off about how state juries are friendly to plaintiffs. it's a jackpot. the system we've been living with for a long time is this one. i'm amazed that abbott's stock after opening down more than 4% could rally to more than 50% of close. if this verdict is really upheld on appeal, then you can arc that it's simply not worth it for a drug company to create anything unless you get the users to sign away the right to sue. it's within thing when we're talking about a consumer product that may have had asbestos in it like what happened with j&j, but abbott is only making the special formula for hospitals to prevent a public health crisis. what warning is needed when it's the only way for doctors to save babies who have no help. what is the point of sticking your neck out like that and making something that could wipe out the company if it keeps losing cases? as the journal says, no good

deed goes unpunished, and abbott got punished like it was making a from this formula. in reality, they didn't hide anything. i very much doubt the risk. and the product is a flmoney lor any way. but that's justice in america. i always promise is there a bull market tonight baseball legend alex rodriguez returns to the tank. >> i love your story it is so inspiring it reminds me of when i grew up. >> is ready to raise the bar. >> were asking for $500,000 for 2% in your company. yes. >> i run a lean business. >> how can you sell it so cheap? >> are you going to profit from the enterprise? >> i don't