siri >> i agree with dan on that. and i agree on home depot. i like from the valuation. lowe's had a good day and i like home depot aspsx >> all right "mad money" 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 want to make friends. i'm just trying to make you some money. my job is not just to entertain you, but to educate, teach, and put it in context. so call me at 1-800-743-cnbc or tweet me @jim cramer. the market about to break again?

yesterday door dash came public at a sky-high valuation, and the stock nearly doubled today, wow, how about this airbnb came public at 68 and then opened at 146, more than double ♪ hallelujah so we have to ask ourselves, is something going off the rails, or -- >> all aboard! >> -- it was otherwise a very sedate day the dow slipped 70 points. it put you to sleep. nasdaq gained 25.4%. does that ever go down but after a prolonged bull market like we've had, it's only natural to wonder if things have gotten out of hand in some parts of this market, and that the overexuberance can be contagious to the other part. should the money-losing airbnb really be worth $100 bill? when it burns cash every day let's posit some things right now before this incredible euphoria does get out the of control. it has not yet, okay

and turns into a monster that devours us all first, i want to do something that i know from the youtube that's going to be running six months from now i know i'm going regret i'm going play devil's advocate and imagine a world where the action in airbnb and doordash is fine, is rational, normal even, and their valuations are perfectly realistic. how the heck does airbnb stock realistically double right out of the gate? you can argue they underpriced the deal dramatically because they're great guys who wanted to reward people who got a piece of the offering too hard to swallow? what if airbnb and doordash, for that matter, simply didn't know what they were worth, and maybe the next snowflake, manna from heaven that's the data, they came public at 120, opened at 245, and now trade at 373 how do you argue with a guy who bought that at 245 and you say it's too much money and he says wait a second, it's at 373 why?

why did he own it? because it goes higher why are you holding it because it's going even higher i think snowflake is in a league of their own their software saves companies massive amounts of money but airbnb might come close. they own the rent to home vacation space their business is fantastic right now because with covid everywhere, it's safer to rent a house than stay at a hotel what floor you on? anyway we should just say congratulations to ceo brian chesky and leave it at that. congratulation, brian chesky but doordash, they're simply one of many delivery services. they may be the largest. they still compete with uber it's and grubhub who recently sold itself to a european. maybe grubhub got ripped off anything is possible we can take this one a step further. if you love using airbnb and doordash all the time because of the pandemic, then why not own their stocks ooh. it's such good circular

reasoning. why doesn't -- who wouldn't want a piece of an iconic company that you interact with in your day-to-day life? it just feels good so what if their stocks are currently worth more than all their competitors put together didn't your parents tell you that comparisons were odious mine did i think that this precept is what drove a lot of the buying hey, i like the company. airbnb is fabulous geez, who doesn't -- i'm not going out to restaurants doordash is great. let's play lucifer's first buddy here assuming that doordash buyers are right and everyone else is wrong, you can say this all makes sense because at least is worth $544 billion and the stock up for the year and everybody likes that one so why not buy it? everybody likes it right you see that flatulence button let's buy some tesla now, in the bond market, we call tesla the bellwether, the bellwether that's a piece of paper that all of the other bonds are priced

from they're priced off it. by the way, you know what? it's actually an agricultural term, bellwether yes, the bellwether is a castrated ram. with a bell on its neck that leads the flock of sheep around. right now tesla is the bellwether that shareholders of airbnb and doordash follow who am i to say that a castrated ram can be wrong okay enough of the cast rated ram i bet it is wrong when the deals are being priced wrong this part is broken. how do i know that arrogance? of course. 21 years ago, i brought a company public it's called thestreet.com. it was a money losing enterprise -- no, it was ab an uber money losing enterprise that was beloved during the tremendous .com bull market. who else besides another market watch had such a great online publication. online only. all the other guys we were up

against, they were printing on dead trees cut down in canada, shipped to new york, bundled up, unbundled, thrown on to your lawn cold off the press. back then we weren't going for profit oh, no we were going for first mover advantage. still, i knew we had a big following. what i didn't know is there was a legion of fans who wanted in so badly to the deal, the deal of the street coming public at 19 that they came in with a huge amount of market orders and the stock opened in $62. i was screaming at the syndrome scat desk to open the stock lower, please. everybody who buys this is going to lose money. please don't open it this high i begged them. i begged them. they could care less in fact, what they said was there was nothing they could do. the public was coming in with market orders, no limits, and the people who got a piece of the deal didn't want the silt. so they're going to get 62 bucks when they buy. now i could have -- they could have priced the deal so low given the level of the band, but

they wouldn't do that. they said they couldn't control things they couldn't price it low, and that the buyers were -- well, what they ended up saying was the buyers weren't the usual institutional customers who wanted it at a certain price and would stay away from it at another. they were so crazy for the darn stock, that they bought it with market orders and they just didn't care what they paid so what happened well, the stock jumped up immediately to $66 after opening $62. jumped up. 66 bucks around 10:30. and then it never sold at those levels again it was the highest it ever traded instead, it began the long sickening slide down to $1 and change a few years later with nary a stop in between hey, at least we stayed in business more than 300 companies that came public during that period ended up going under these are major dominant player 245s have real staying power, and i do not think their stocks are about to roll over any time

soon there is way too much momentum, joy even but do they deserve it or are the mechanics of the market broken once again like they were for when the street came public, when it was supposed to open around 19 and then 20 and end ed at 62 before the pandemic, i was worried about the delivery industry because there was so much competition but now doordash has a huge number of customers. airbnb is unique but it's also spawning its own imitators. it's got expedia gunning for them but again, i think airbnb is the winner and all-time champ. i'm not trying to compare arab and doordash that's not it. what i'm trying to do is compare the way stocks work, okay? doordash, yeah, airbnb, they're much, much better. i'm just doing it to illustrate what happens when the stock market breaks down, like it broke down during theing thei dm

era. goldman sachs couldn't control the stock price at the ipo nobody wanted to it open at 62 not the buyers, i couldn't sell it it was locked up what i fear is the same thing is happening again. i know that three founders of airbnb are now worth $10 billion on paper hey, i was worth $360 million, at least for one afternoon i sure wish i could have sold some of the stocks at 66, but you couldn't i wonder if chesky and company wished they were unlocked. maybe they can get an early unlocking. every day now we see some stock explode higher, and electric vehicle, maybe a biotech like greenwich life sciences which only rocketed up nearly a thousand percent yesterday on a breast cancer drug gsi. $5 one day 57 the next and 72 today epic run, 48 hours so what do you do? just because the ipo market price and system is broken, do you sell them? do you buy them? do you short them?

we definitely shouldn't short them betting against the two flyers is dangerous the european central bank just today said they need to take a more dovish approach china is booming and through it all interest rates remain incredibly low. money is cheap plus, we're to be flooded with vaccines, including the approval tonight of the pfizer fax by an fda panel which will now recommend yes to the fda itself, oh, i don't want to short anything in that environment honestly, it's not that the stocks are ridiculously overvalued what if the rest of the market is ridiculously undervalued? what if the rest of the market is dirt cheap? it's a stretch to say the market is dirt cheap. with know it isn't by any means. but the backdrop is too positive to bet aggressively against anything here. if you own something that is up huge, i think maybe you ring the register on part of the position shorting, though, that's even crazier than buying airbnb and doordash at these levels, which by the way probably won't work at this point. at the moment, shorting these

stocks, i'm calling that financial suicide. taj in tennessee, tej? >> hey, from chattanooga, tennessee. >> i love that town. what's going on? >> caller: i'm one of the young robin hood investors you mentioned. thank you for sticking with the little guy >> thank you i was all over today trying to figure out i don't want to hurt the little guy. i don't want him to get in our out. i want him to own stocks like doordash and get that big gain i don't want to lose that opportunity for them >>. >> caller: on lmnd, the stock shot up 30% over the past six days thanks to bullish wall street estimates i think the company has a lot of disruptive long-term potential within the insurance market, but i'm wondering if you think it's too expensive to buy now or i should wait for a pullback >> tej, great question and i have been a huge fan of lemonade i read an article online goldman sachs has been displaced by reddit.

there is so much hype in it right now. i liked it at 50 can i like it as much at 100 i just can't i just can't i can't like it as much. i feel like calling my mommy mom, i can't like it as much it's just doubled. like it's a lemonade stand and not an incredible insurance company, or at least a broker of it, so to speak. all the young people what you doing buying some insurance. okay, look there is a lot of craziness in this market. but fact remains the backdrop just way too positive to aggressively bet against anything here. it's the ipo process that's broken on "mad money" tonight, has stitch fit together a way to win in a retail with or without covid crisis definitely with the covid crisis hey, let's talk to the ceo then, we've seen some spectacular reduce but is the market get ahead of itself i'm going to go through the plays. you're going to love that piece. and some people are still

weighing essential care out of fear of coronavirus. who can blame them how does it affect the business of edwards lifesciences? oh, i just got some toll life. oh, man, that collision is too expensive. i'm just going get the regular stay with cramer >> don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer, #madtweets 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.

♪ we need to talk about remarkable run in one of my favorites, stitch fix, the

online advisory service that's like having your own digital personal stylist who sends you new clothes and accessories every month, or every other month, or every three months this seems like the perfect fit for the stay-at-home economy but even as the stock came roaring back from the lows, it reported somewhat imperfect quarters in june and september losing a little more than wall street expected. on monday night stitch fix reported again, and this time they knocked it out of the park with a solid top and bottom line surprise profit. even better, they put up 3.8 million users, guidance spectacular. since then the stock is surging from $35 before the quarter to $59 and change today i hate to jinx, but this one is pretty darn intriguing i am on with katrina lake, the bankable founder and chairperson of stitch fix toler more about the quarter. ms. lake, congratulations and welcome back to "mad money." >> thank you thank you for having me. >> so katrina, this was the highest success rate ever in

fiscal 21. you use a term, success rate it's not what other people say explain it to us so people know why stitch fix stock went up so much >> yeah, so when we talk about success rate, we are talking about when we ship items and fixes, we're sending clothes largely sight unseen you don't know what's coming in your fix so it really requires a lot on our part to know what's going to work for you, to know what's going to be the right personalization combination for you. so with success rate, what we mean may be the is what is the percentage of items you're keeping in those fixes and that was at our highest level ever in the history of the company. it's been on a steady increase, which is really a testament to the combination of data science and our stylists and really ten years of scale and getting better and better at this business >> it was surprising, katrina. i saw that there was 37% short position and i was thinking well, who would want to go to the store during a pandemic when i can get great clothes at very

inexpensive prices that are meant to look good on me for a very reasonable price from stitch fix what didn't people see >> yeah, i mean, we've been public now for three years, and it's definitely been an education process. when you're in a business that is really disruptive, we now have many ways that you can shop with our recommendations, but our core fix model, the notion of we're going to send clothes to your home sight unseen, you're going try them on and expect they're going to work, that's a really radical different way to shop. and even direct buy, which we've launched, which allows you to shop directly from our recommendations, even that is a radically different waif to shop we're not showing you millions of things on a website and expecting you to filter and sort throw those things we're showing you a small subset of things we're highly confident are going to be right for yo that are right for your occasion, for your price point, for your size. it's almost this promise if you would walk into a store and the whole store was relevant for you and exactly what you wanted and was going to fit you great,

that's kind of the promise of what we're delivering digitall at stitch fix. and i think that's a very radical new way of doing things. it has taken time i think to bring people along in that story. >> i know it's anecdotal, but i decided to poll as many people as i could about who used stitch fix. and one of our best people who works with me, cat meyers, she said i get my box. my box arrives today and sure enough, she looked at it and said i like everything. that is highly unusual for anybody but stitch fix you have those algorithms. you have really smart people, and they tend to match her story is not long unlike a dozen other stories that i heard. >> i appreciate it thank you, kat and that's a really hard thing to do. to your point, one of the metrics that we share that is really compelling this quarter is we have a successful first fix rate of over 80% the way we define successful is our very first encounter with

you. the first time you're trying anything from us in that that encounter when we ship you things, 80% of the time you are not only buying something, but you are also responding to the survey question that we have in a positive way, saying that you're excited for your next fix. and so even i think that's a testament in our very first interaction with you that we can know you that well to be able to get you something you're going to love and also have you be excited for that next transaction. that's something that it really took ten years of investing in our data science and ten years of this fantastic data that we've collected to be able to do that >> i think your ten years is well spent, because i think that stitch fix takes the guesswork out of looking good, out of feeling good, and out of -- and also preserves people's time i don't think people recognize, but you do, because i know how your day works because i've seen you in action, that people's time is the most precious thing and stitch fix saves that. >> that's exactly right. and i think especially during

this pandemic, i think people are realizing just how time consuming even buying things online can be. if you're trying to type in jeans and a search bar and trying to find things that are right for you, that's not an efficient thing to do. that's not a good way to spend your time. and so, you know, what we're finding is that during this time, especially during covid, it's a time where there is a lot of change that happened. people are really open to trying new things, and people are reprioritizing in their lives and realizing that there are better ways to do things and spend their time and stitch fix fits into that equati equation >> i hear too many people come on aren't you pulling through, won't it slow down i thinking maybe it was a great front porch for stitch fix people came to look during covid and now they love it, and they're doing more and more buying each time. >> yeah, look, it's a challenging time in apparel for very obvious reasons when we're all at home and not seeing friends and family and not going reasons, there is many fewer reasons to

buy apparel. the whole apparel industry is really struggling right now. but even in the face of that, we're seeing double-digit growth we're seeing the high eest for new client growth. i think it's a testament to our ability to take share during this time. and we really think about it as a way we can really prepare for the years ahead where i think there is going to continue to be a lot of destruction and a lot more market share moving that is potentially something that we can benefit from >> totally agree i can only imagine what you will do when you can actually go somewhere. right now you can't do anything at all katrina lake, congratulations. great job. great quarter. great year >> thank you >> thank you so much for copping on "mad money. that's katrina lake, chairperson and ceo of stitch fix. have i admired her work ethic and what she has bltui, and now it's really starting to pay off. "mad money" is back after the break. next, the vaccine. from approval to your arm, how the roll-out will happen plus, cannabis state of

mind an exclusive look into jay-z's newest empire. >> the facts, the truth, the news with shepard smith, 7:00 eastern, cnbc.

♪

the new wave of sizzling red hot ipos hitting the market, a one-two punch of doordash and airbnb well, maybe it's time to ring the register on another group that we've been featuring and praising, a group of red-hot stocks that have gotten a lot of love from speculators in this market i'm talking about the electric spacs. high-tech electric car start-ups that came public during reverse mergers with special purpose acquisition companies, spacs lately we've been watching the space closely buzz the electric vehicle space is on fire while i warned you away from some of them, i recommended a few that i thought were too good to ignore. quantum scape and lum i luminar. you have to be a responsible

speculator stocks can get overheated which is important to take profits while you have them. when it comes to electric spac names, that time, that time is now. these stocks have gotten out of control. so i'm begging you to take something off the table. just trim your cost basis for all i care play with the house's money, as long as you sell something, okay especially if you bought it on my recommendation. you can always get back in at lower levels, and i'm very confident that lower prices could be in the cards. specifically, there were four electric spacs that i recommended that i think now have gotten too hot for me in other words, if i were doing the piece right now, i would not be recommending these, but i did then they are quantity come scape, luminar, they're a little nutty, a merge were arrival and hennessey capital merging with canoo. when i thought about highlighting them, i thought they could all catch fire, even if they shouldn't. and that's exactly what happened let's take them one by one,

starting with the hottest of the hot. let's talk about one i like called quantumscape, because it's emblematic of this whole move quantumscape is a great company that made you a massive amount of money if you bought it on my recommendation in late october these guys are developing a better lithium battery a couple of months ago we got a call from nick in new jersey who wanted to know about kensington capital acquisition. that's the spac that quantumscape eventually joined forces with in order to come public next in the running for caller of the year, frankly, because this stock rallied almost 400% since then quantity comescape checked every speculative box you can imagine. the big limiting is the lithium-ion battery. even the best won't last as long as a combustion engine with a full tank of gas, and the technology hasn't improved much. when tesla rolls out a car with a longer range, it's usually because they added more weight to the battery pack.

and that's where quantity comescape coming in. they've been working on a solid state list yum battery with a longer shelf life, faster recharging times, much less risk of catching fire and they're even cheaper, costing 15 to 20% less than the current standard what is not to like? even though the company is early in its life cycle, years before this technology hits the market, please, quantumscape's batteries have already been tested by volkswagen, which likes them so much they invested $100 million in this business that's a pretty good judge of all things cars. in short, it is a phenomenal story. so when the stock was trading at 13 and change, i gave my blessing to buy some, especially if it came on a pullback to 10 to 12 level which it promptly did a few days later however, after the election, kensington capital closed on the quantumscape merger and this jumped 36% the day they put out their prospectus and rallied 57% the day the deal close and another 27% the day after that by the end of november this is a $47 stock, and that's not

unique the whole electric spac sector had a great month in november. i figured the group might cool off. nope it went under rally for six straight session, on insanely high volume, including a spectacular run from 58 to 75 yesterday. think about this the darn thing was at 38 a week ago. you hit the lottery here of course, there have been some legitimate catalysts the merge were kensington capital and in that day they had great interview with "squawk on the street's" david faber. i love david faber some people think i hate david faber. like david faber it's only marc benioff doesn't like him anyway, good interview with jag deep singh and he told a very compelling story. and we're going to have him on the show next monday this last weekend they got a great run-up in barons because it is a great story. but maybe we've reached the

point where it's been skyrocketing on the same news every time the company issued a press release where they talked about releasing performance data on the battery, but there is nothing new in the release they told us the battery can charge to 80% in just 15 minutes. but that's something we knew will month ago when i see a stock skyrocketing on the same news endlessly, that makes me nervous i thinkthe latest leg higher must have been a bit of a short with the people betting against quantumscape, not unlike what happened with stitch fix let me come at this from another angle. at these prices quantumscape is valued at more than $34 billion. when kensington capital merged with quantumscape, they are environmentaled at 310 billion how about sales? they believe they can make 3.2 billion in revenues in 2027, seven years away right now the stock is trading at more than 10 times 2027 sales forecast and to me that's expensive

listen, i love quantumscape the company. i believe they have a real chance to revolutionize the electric vehicle business with their battery technology but the stock i think has jumped the short. yeah, i'd take some off the table here trust you would get a better price down the line when the warrants get called in something that happened to other electric spac stocks. of course, quantumscape is just the poster child for an unsustainable move across the whole group. let's talk about luminar which makes lidar systems. they exploded higher since i recommended it at $18 last week. their technology is terrific for autonomous driving but since it merged with the spac sponsor, the stock soared toe $47. it's already started pulling back to 34 today but it's still way up. i like them at $18 but if you dent take something off the table in the mid 30, i think you're asking for trouble. right now selling for 14 times management 2025 sales forecast

and i think that's too expensive. but look, if you think this is just -- it doesn't matter. son of tesla i get that it's not even son of norwegian cruise lines next up is cgi merger. and that's joining forces with arrival, a british company working on electric vance and buss with a very cool microfactory concept i wish i had come up with that term that can revolutionize manufacturing. i recommended ciig last week at $21. i said better in the high teens, but it's now $31 and that's pulling back over the last couple of days. again, a little something off the table, please. go buy yourself a nice -- i don't even care if it's cash anymore. i don't know maybe you get one of those itchy wool sweaters. how about one of those fishermen sweaters finally, hennessey capital is merging with canoo with a modular design platform. i gave my blessing to dip your toe into this one last friday, $13. now it's at 22, giving a 64%

gain in laciless than four days. i don't want to be responsible anymore. i'm thrilled, but i don't want to be responsible for it because it's such a great win. here is the bottom line. i like quantumscape. i like luminar i like arrival, and i like canoo as companies, but you see, listen, stocks don't always go up price does matter. and these prices have gotten out of hand. as for the other electric spac plays, i don't even like them at lower levels which makes them even more dangerous up here. sometimes when you have a big win, you need to declare victory. you need to ring the darn register at least take out your cost basis so you're playing with the house's money when you let the rest run then you can never lose a thing. much more "mad money" ahead, including my exclusive with the ceo of edwards lifesciences after its investor day how is the company positioning itself as covid continues to rang on? then, i finally found one thing everyone in washington can

agree on it's about -- nah, it's a reveal all your calls in tonight's edition of the "lightning round. so stay with cramer.

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when the pandemic hit last spring, it didn't just shut down nonessential retail, restaurants and made everyone go home. no, it also crushed the medical device industry because hospitals had to postpone all sorts of emergency procedures. but with multiple vaccines right around the corner, the medical

device stocks are makinge aing comeback take one of my faves, edwards lifesciences, which makes products for heart disease, critical care and monstering these guys are geniuses. they made a big splash with their non-invasive heart valve a few years ago. incredible today they made the case for its business at a virtual investor conference kicking things off with a bullish outlook for 2021 and the stock jumped 2%. i wouldn't be surprised if it's got much more room to run. let's check in with michael mussallem, the chairman and ceo of edwards lifesciences to get a better sense of where his company is headed. mr. mussallem, welcome back to "mad money." >> hey, jim, how you >> well, mike -- >> i hope you and your family are doing well. >> oh, we're doing okay. it's a bummer time, though, right? you had a virtual meeting instead of the real deal and i know you like people so it must be tough to do. >> it is i can't wait the get back to our in person. >> well, there was something in

your -- yours one of the most clear you. did not need to be a cardiologist to be investor day. but something disturbed me you actually discussed the notion that hospitals in some cases have stopped treating patients with structural heart disease? mike, that's insane. >> yeah. it's a good point. so this has changed over time. when covid first hit, and hospitals were very concerned about being able to handle that giant wave, they not only stopped elective procedures that >> stopped everything. they emptied their icus so they would be ready since that time, they've responded much better. so at that time, they stopped much of these procedures for structural heart patients. and these patients do not wait well so it meant that a number of these patients ended up in emergency rooms. a number of these patients frankly didn't survive

not a good situation at all. fortunately, the physicians and the folks that run hospitals have adapted very well since that time, and they've started to find a way to both handle their covid patients and their structural heart patients. now it's still concerning because a lot of these patients have been scared away, and they're nervous about entering the health care system that they might get covid. so it's a tough time on patients, but we feel like we can see the end in sight >> well, with edwards lifesciences products, for the most part, it's not nearly as dangerous or as let's say onerous on the patient who has to stay in a hospital. one of the things, you've got so much in the pipeline that makes me think that you are going to get people in and out for some incredibly complex heart procedures >> yeah. you're exactly right, jim. so this is -- this is the magic of procedures like transcatheter aortic valve replacement

here is a procedure that can be done in an hour often. happen without anesthesia, and patients can go home the next day. so the burden on the system is much lower you don't consume icu beds and it's been really important factor if they would have had to go through open heart surgery, very different kind of story. and so it's really helped during this pandemic. >> let's give people an example. for example, you're doing a trial for asymptomatic patients. that's got to be a lot of people and a lot of people are incredibly vulnerable. how is that going? >> yeah, so thanks for that. the indication for treating these folks with these heart valve disease called aortic stenosis today is if you have symptoms you should be treated i guess it makes sense but just think if you apply that to cancer. oh, you shouldn't treat a patient with cancer until they show symptoms? we don't think that that's true at all we think that the disease is

what really kills you. it can hurt you. so we're running a trial to prove just that. randomizing patients, that this patient will get a transcatheter aortic valve atlanta plantation and this patient will get the watchful waiting that today is indicated by medicine. and we're betting that the indication will say there is a better way to do this, better way to treat patients. >> you've also got some things -- for instance, i don't mean to mispronounce brazilia. my cardiologist says this is really the hidden heart disease, calcification. and until i read your stuff, i thought there was nothing for it >> yeah. so what's so important here is that we try and build devices that are really durable. and even when we have the technologyof a replacement heart valve, the same processes go on our body to calcify and

make those heart leaflets stiff. so if you can treat them in such a way, and that's what resilga is all about, so that they don't calcify, then you can get many more years of life it's a by-product of this aggressive focus that our company has and the aggressive emphasis that we have on research and development we spend 17, 18% of our sales on research and development, probably twice the typical company in medical technology. but it's the idea that we can continue to advance technology >> i should point that one of your competitor, no need to name, couldn't really do a product that has given you more room what you're doing is incredibly complex. and really, only edwards is the guy who can do it here remarkable company >> yeah, well, thank you for saying that, jim it's our employees they're incredible you know, through this whole pandemic, we've been part of the critical infrastructure of the health care system our people never stop. the people that were going in to hospitals every day to help

patients have great procedures, the people that worked in our supply chain that. >> went in every single day, and we didn't have any shortages throughout all of this it's been an incredible effort and it really helps that we have this focused strategy. >> right. >> in medical technology, many companies are diversifying we've decided to stay laser-focused on structural heart disease and critical care technology because those patients are dramatically underserved. >> that's why you're the best there. adon yssallem, good to seeou "m mey" is back after the break.

"lightning round" is sponsored by td ameritrade ♪ >> it is time! it's time for the "lightning round. >> sell, sell, sell, buy, buy, buy! [ buzzer ] and then the "lightning round" is over. are you ready, skee-daddy? the "lightning round." start with anthony in new jersey anthony? >> caller: hi, jim first time caller. action alerts member >> thank you >> i want to thank you for helping me do so well in the market and pay off my niece's student loan >> the stock came in a little bits today but it is going to be along with walgreen, you'll be able to get the vaccines i think that's going to bring two -- jj, get that one. but you'll come twice to a cvs and i think that is going to be very good for the business larry merlot, excellent job this morning on "squawk box." john in pennsylvania, john >> caller: hey, cramer aquaculture is growing due to

diminishing food supply in the oceans aqua bounty approval to sell their salmon in the u.s. and canada in june >> right look, they just did a big equity offering i saw it get knocked down. kind of an interesting story i'm going talk to ben and we're going do a piece on this thing boy, it's so hot, i got to figure out what is going on. i need to go to ben in ohio. ben? >> caller: good evening, mr. cramer >> yes >> caller: i'd like to hear your shots on cheesecake factory. >> they had a really good quarter versus what we thought could happen they are what i call an essential restaurant they are grog to survive i wish they didn't call themselves cheesecake factory. they have a menu that includes many things that are very good for you, not just all cakes that are fattening. i think people should know that, because it's an actually pretty decent place and i'm in the restaurant business let's go to joe in new york. joe? >> caller: hey, jim. thanks for taking my call. >> of course >> caller: i want a position in

the company cgi inc. >> yeah, none of these -- i know these guys from the old days it's a canadian company. i don't -- [ buzzer ] >> i don't do a lot of work on the canadian companies i'm not trying to discriminate i love canada, but that has not been my bailiwick. i need to go to tom in new york. tom? >> caller: hello, cramer and boo-yah! >> wow that's very special. >> caller: thank you, thank you. with 71% growth in the last quarter and oncoming sports betting platform, what is your take on bo bo tv >> we're going entertainment tv, but look, you know what that means? we're going to be in disney. >> buy, buy, buy >> one of the greatest days ever that's called genuine hyperbole. and that, ladies and gentlemen, is the conclusion of the "lightning round"! [ buzzer ] >> the "lightning rod"un is sponsored by td ameritrade

you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪

♪ the democrats and republicans in washington, they bring on almost nothing, but they're always happy to come together and denounce facebook as a monopoly. yesterday the federal trade commission in 46 states filed an antitrust suit against facebook in an attempt to break up the business they all accuse the company of

using its monopoly power to suppress and stifle competition. in particular, the ftc excoriates mark zuckerberg to put the kibosh on threats. think zbrams and whatsapp. they even have a 2007 email from zuckerberg where he says it's better to buy than compete the ftc argues that what facebook did when they snapped up instagram, which was running circles around them in mobile photos was to stifle competition. they say what facebook did when whatsapp threatened their messaging position is to put down competition i don't know i mean, what's the real crime here the ftc says that facebook, quote, suppresses, deters, hinders, and eliminates personal social network competition, which in turn deprives their advertisers of the benefits of competition. these practices have put a powerful protective moat around facebook that is simply unacceptable to the federal government the ftc wants it to stop, and they're willing to force a

breakup to get the job done. my view. i'm going to tell you, i'm more than a little confused the ftc says facebook was being anti-competitive when it bought instagram and whatsapp, but the ftc approved both those deals. i think that they think that was wrong what they did themselves i wish they would tell what's did change from when they approve them antitrust enforcement has been a joke in this country for ages. now the regulation want to bring it back, but only for certain select high profile industries i think that's the wrong approach first, there is no sign whatsoever that advertisers are being screwed over by facebook if anything, it's the exact opposite if you listen to gary v., that's right, gary, the digital marketing guru, he made it clear that facebook and instagram represent the biggest bargains on any medium, including television, radio, and print well, gary has done extensive work, i've interviewed him on this for pricing for his clients, and he far vels at the cheapness of facebook ads.

they're the biggest bargain, he says honestly, if the government really wants to go after these guys for anti-competitive behavior, it would make much more sense the accuse them of predatory pricing, deliberately undercutting its rivals to knock them out of contention second, let's be clear facebook is not a social media monopoly they may own instagram, but they don't snapchat they don't own twitter they don't own tiktok, all major players. when i analyze these companies, it sure doesn't look like facebook is doing anything shady to hurt them not at all the idea that mark zuckerberg has some secret anti-competitive agenda, that doesn't jibe where the fax. facebook, strangely, i think, has always played about an open hand about what it's good at and what it isn't. if you listen to the conference calls you know exactly what the company needed to do to become better they beat themselves up about it any competitor could have read the tea leaves and frunt-run these guys and that includes

facebook's deep pocketed partners like amazon that could do it, right? like apple could have done it, like alphabet could have done it, microsoft could have done it put it all together, and i don't think the ftc has much of a case at all who is facebook hurting? what harm have they done why should the ftc overturn its earlier decision to bless the instagram and whatsapp deals we don't know. but they did bless them. the real argument here is that our country should go back to an older, more stringent attitude toward antitrust law but if that's your case, you need to actually explain why we need a different regulatory regime and that's a pretty big change let me put hit the way if the ftc wins this case, it will have a chilling effect on business because what potential acquire wants to risk buying a company when the regulators might change their minds about the deal eight years later that's a terrible precedent. so memo to the ftc and all the

state attorneys general who want to break up facebook, even if you think big tech has gotten too powerful, well, this is the wrong way to handle it, even if you don't like their politics. now i want to draw your attention to something that is airing tonight on cnbc at 8:00 p.m. it's called "the path forward: race and opportunity in i'm shepard smith on cnbc. and this is the news >> our plan is to take their recommendations into account for our decision-making. >> panel approved. now we're one step away from rolling out the first covid vaccine. tonight, the timeline. what still needs to happen before anyone can get a shot in the arm. streets barricaded, booby traps set for police, dozens arrested the