your brackets. you probably like gonzaga, that's my sense. >> all the way. >> yeah. ha ha. oracle gonzaga. lockheed up big lmt. >> thanks fo my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a will 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 i'm trying to make you money my job is not just to entertain but educate and teach you. why don't you give me a call or tweet me @jimcramer.

a sharp sell-off after the federal reserve told us they'd keep interest rates low yesterday. lost 1.48% but the nasdaq dropped more than 3% allow me to explain. low interest rates are supposed to be good for stocks. but they're not good for all stocks the real winners are the industrials. because they make more money when the economy is roaring. and the banks, low short-term rates coupled with high long-term rates, nirvana for profits in the financial industry growth stocks, they are getting annihilated, especially tech because they're all about the future earnings stream many years down the road. and those earnings, let's just say they are worth a lot less in a world with lower rates and higher inflation and that is the world that many of the big-time investors to you think we've fallen into.

so as a pro i've seen this happen a gazillion times let me tell you how this workth when it comes to your portfolio. at any given time you've got tons of money, money managers chasing the hottest of the stocks specifically they want companies to be able to deliver the biggest year-over-year earnings beats without much risk of an earnings screw up. when the economy heats up, these consistent, great, high-speed growers tend not to compete with the booming bust names like the old-school industrials that generate gigantic upside surprises. you know what, they never can. it's like clockwork. they just might not be paying attention to it because ultimately they come back. but this is like the 20th time i saw other people say they're dead, they're dead, they're dead okay, they're dead for now they're like dogs that are all

over normally when business speeds up like this, you expect the federal reserve to tap the brakes by raising interest rates. yesterday fed chair jerome powell decided not to do that, at least not any time soon party on industrials problem is if they want to buy the banks or the stocks they don't have all the money just sitting there. they need to sell something. what are they dumping? the high growth tech stocks that they always dump that's called the hedge fund playbook even for a sector rotation, this one does feel a little severe. why? supply and demand. our country has created trillions of dollars of tech stocks they're being printed like confederate dollars. well, they seem like it. it makes sense because what works in a stagnant economy is to own tech. we've had decades of stagnation with the financial crisis. meanwhile, there's been virtually no new issuance for the banks and they've been buying back their own shares for

ages or merging in companies that might have been bought at this very moment when demand spikes there's not enough tulsa -- tulsa ply of this kind of stock to go around. even after these bill rallies there are not a lot of sellers in the industrials i used to be a trader. based on my experience you could push a dow stock, like caterpillar, i bet you could jump that stock 3 or 4 bucks if you bought a million shares. $231 million, that's nothing for these money managers it would take multiple billions of dollars of buying power to create a single point up right now in any of the larger tech stocks you might own they're adding new supply even in a time when demand's drying up no buybacks here, keep moving, keep moving. when will this rotation end? when will we know it will be safe to circle back?

first of all, it will be safe. some people say it would never be leaf. i listen and say, god, i wish i didn't have two ears, but i do a controversial claim by powell when he explained the decision to keep the easy money flowing he acknowledged there is inflation building in the system he acknowledged it's going to get worse, get ready then he said it was transitory so there's no need for the fed to take action people laughed at this man lots of old investors, especially bond investors, think powell's lost his mind between his rampant commodity price increases and the stimulus checks that are about to hit, they're worried about inflation. what's up with this guy? i thought he was one of us he's no not. jay powell's a new breed of fed cleave we've got 6 if there is plus unemployment and entire industries being devastated by the pandemic many minorities are being shut out from whatever recovery we're happening. he thinks tightening right now that's his words that's the old way i like to do it. >> they know nothing, they know

nothing! >> this guy knows something, powell knows something as far as powell's concerned it's better to trade higher inflation for lower unemployment, at least till the economy's in much better shape i think he's right and not just because the federal reserve has a terrible history of moving too quickly to fight inflation that turns out to be transitory powell made that mistake himself in 2018. his predecessor jane yellen did the same thing in 2015 they never seem to recognize the cost of a rate hike to the average person in the country. higher you save a little more, i know that. but it's about jobs. higher rates are bad for the economy. powell doesn't want us to take that hit if we don't have to he doesn't want his legacy to be botched in the recovery to have more people laid off after he reacted so aggressively last year to keep the economy from crashing, he was so right, so good. he was second-guessed at that time the s&p dropped 500. it's up 12% when he slashed rates. sunday night, he came in, market

yopped 12% he was more worried this could be a terrible time for the economy. he was right but the sellers were wrong then. and you know what, i think they're going to be wrong again. maybe not tomorrow but the biggest source of inflation, i don't know if you see this, it is rolling over big time i wouldn't get near that who needs a rate hike when crude's down 5 bucks today they're letting loose, putting more production, nothing to do with the fed, right? he can't do that, jay can't get that done. a lot of inflation is related to weather-related shortages. we've got shoatage, the poly ethel thing, producers are jacking up prices. however, that's not a systemic issue. superstorm yuri knocked out capacity in the gulf coast texas, louisiana something like 30% to 60% of production knocked out it's still not come back online. that's not something jay powell

can fix by raising rates the price of lumber has doubled. one year, $20,000 in a big house. but a rate hike won't create more trees nor sawmills. we don't need a higher rate to do this, to get lumber costs under control. it's stupid. we need president biden to pick up the phone and call justin trudeau in canada and tell him, we'll stop our tariff, let's get a deal going one phone call between governments is more productive than a rate hike a lot of this is supply chain issue. the world simply doesn't have enough semiconductor plants. something that could take years to fix in the meantime, low capacity in taiwan and south korea that means if you want to get the chips to the u.s. you need to send them by sea. right now we've got a major labor shortage in our ports. so the darn parts are stuck in the ports. rate hikes won't fix that problem. we send the chips by air or solve the port problem when it cops to semiconductor

shortage, powell can do more as a longshoreman than as a fed chief. this will go away when commercial flights return and chips are put in cargo holds bonders are freaking out about commodities. nearly all of them come down in price once we fix the supply situation. that will make you feel like a dope for dumping your bonds or tech stocks. i think jay powell's right to focus on full employment than low inflation. more important, i bet he'll be right about the transient nature of the commodity increases because he's smarter than everybody else about this kind of stuff he's done a lot of work. i'm kind of impressed. how can you not be didn't come out right. wall street freaked out last year when powell cut rates aggressively and they're freaking out again now that he's decided to keep them too low you know what i think's going to happen he's going to go 2 for 2 and the sellers who feel smug selling

tech growth stocks right now, they're going to goer on for 2 and get steamrolled. good riddance. beam, beam >> buy yaw, jim! i'm mostly interested in stocks, long-term investments, but my boyfriend is more of a day trader and for months i've been trying to tell him that he needs to buy disney and colhold it. i need your expert opinion. >> you should have broken up with him, the stock just had a 50-point move. he's got to start rethinking -- again, didn't come out right i've got to get politically correct. i think you guys have to work this out together, right but in the end, every time disney dips, you've got to hound them and hound them because it's a great stock. and jay powell is a great fed chief. and i mean that. i'm not kidding. i know -- this guy is the real deal and i think he's making the right moves. and i think ultimately, not

tomorrow, the sellers are going to be proven wrong and inflation is going to be proven transitory one man today looking for a way to get into the buzzy ev space i'm sitting down with a magnate international. and a stock player that hopes to solve america's problem with produce. i have the exclusive with at harvest, so 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, madmoney@cnbc.com or give us a call 800-743-cnbc miss something head to madmoney.cnbc.com.

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look at magnet international, makes complicated car parts and assemble complete vehicles for automakers. the business is booming right now, there's a fabulous market in automobiles the tesla rifle chose to partner with to make their electric suv, when we came on the show, we talked about them. the stock's up more than 250% over last year, that's right, 250, selling for a ridiculously low 12 times earnings. seems like a steal let's think deeper new guest, swami, ceo of magna international. to get a better read on where his company's headed, welcome to "mad money." >> oh, great to be on the show, jim. nice to be on the show, thank

you for the kind words. >> first, i've got to tell you, i've been thinking a lot about your company all your work and all your documents make it clear it is a technology company that helps mobility it's a mobility tech company why are people having such a hard time realizing that you are not the old car parts assembler of our different era >> i couldn't have summarized it better i think magna, i like to call it a $40 billion startup with a 60-year history. and we are really getting started because we are an industry that is really high-tech and complex and has an addressable market of $3 trillion and going, going forward still. as we look at the product port portfolio, it's really broad but we have a market leadership position in most of the products that we're presenting. the uniqueness of magna really is besides the system knowledge we have in all the products, we

engineer and manufacture full vehicles that's the uniqueness. and with the mobility changing to service and all the destructions that are happening in the industry, i think we're just getting started. >> okay, swami, let me ask this. in a kind of funny way a lot of people say when you have a party, you can't have enough ice you have too much ice. you literally have so much internal combustible engine, i think it actually camouflages all you're doing with these new technologies >> i'm glad you asked the question think of a car doesn't matter whether you have ice or hydrogen or ev or anything else. you see it have a body and chassis and lights and actuators and seats and so on and so forth. 70% to 80% of our company is that product we have market leadership position in most of those products we generate really good cash if you look at the last three years. there is no peak for themselves,

right? we jump into it $5.8 billion in cash, invested about $4 billion back into the business, and this is what sets us up to be able to invest into the future you can see in the next three years we continue the performance in a similar way so i think this actually helps us to lay the foundation and lean forward in ev and autonomous and mobility as a service. so we are really isognostic. >> i see companies raising money that didn't know they needed the money. here's one for you that i think is a little controversial. you seem to be the only company in your industry that has a handle on commodity costs. you did not talk about how the supply chain is worrisome for you, whether it be plastic, whether it be semi conductors. is that because -- this is what i always thought of you as, you're the best sourcer of parts and chips and plastic or whatever is needed, including aluminum, of any company on earth.

>> jim, i think a lot of credit really goes to the resilience of the management team and the employee base, right i mean, we have the same bonds as everybody else in the industry but we've been able to get through it with the cooperation of tier one suppliers, our suppliers i mean, and the customers working together look, we had to get through the bond sourcing because of what's happening in texas we had the same issue for the semiconductor chips. but till now we've been able to get through it really the foundation of magna is operational excellence. and that's stood by us as we get through some of this. >> we had mr. fisker on. he could not have been more passionate -- that's one of the reasons i was so thrilled to have you on. mr. fisker said, we can deal with everybody, we know how to deal with magna, magna made us a great deal and they are not a customer or supplier, they are our partner can you describe what that partnership means for magna?

>> absolutely. i think what they're doing with fisker is really a great proof point of magna's capabilities and what we can bring to the table, jim, right? not only do we have the system knowledge in bringing ev architecture, the entire package, the flexible vehicle architecture, and do the contract vehicle manufacturing and engineering and integration as we work through fisker, managing the entire rally chain with them, right >> right. >> i think working together at an early stage this way really is capital efficiency in my viewpoint. we're able to get speed to the market, we are able to get advantages of engineering once and deploying many times the differentiation in customer experience is what in this case fisker is doing, and the rest of the staff are able to do behind the scenes and enable mobility. >> it doesn't actually preclude

you, i presume, from doing business with any other company like that. and i know also, i mean, everyone wants to work with apple. apple is never going to say who it's working with. if you say you're working with apple, they're going to cut you off. a big company said, we want to be your partner, you wouldn't have to go to fisker and say, i'm sorry, we have to cut you off? or you can't say to any other company that comes in, we're already working with fisker, we can't work with you? >> doing contact vehicle manufacturing and engineering is not new to us at all, we built 3.7 million vehicles, over 30 models, so that's only one aspect of it and we have done it with different oems recently we just launched the joint venture in china with fox. i always said, if it's the right business case and the right partner, we'll get the footprint in north america too so there is no constraints from

fisker or anybody else this is a model that they've had in the past, and weare really looking forward with many other discussions, right there's many established oems as well as new entrants that are bringing us to the table. >> excellent i'm so glad you came on the show you're a fabulous company. i've revered you guys from when i was a goldman in the '80s. the only one i've felt safe to recommend in a whole sector. great swam swammy, really great to see you, sir. >> thanks, jim, i appreciate i. you want ev, you want autonomous driving, you want someone who understands the supply chain, you want to be affiliated with a place like fisker slower risk, better awards y . coming up, can this company and if up your living space and wallpaper your portfolio with profit sdms cramer talks to williams sonoma in style next.

it's great to have the best on a bad day williams sonoma surging 18% in wake of a simply phenomenal quarter last night for months i've been urging you to look for companies that made a fortune during the pandemic. more important, to keep thriving once the world goes back to normal i've been saying over and over it's going to be williams sonoma why? because they always knew e-commerce even before the pandemic they were the brick and mortar outfit, they leveled e-commerce. they didn't have to do some crazy pivot. now we see what's happening. making fortunes and getting strong letter stronger the president of williams sonoma to get a clear picture of the quarter and what's going on. congratulations, these numbers were extraordinary welcome back to "mad money."

>> thank you thank you, jim, for having me. >> i've got to tell you, you kind of told me how to do it you have to have in-house design capability you have to have digital-first strategy and the one that i know no one can replicate, because i know you, you have to have values and it seems like it's -- i'm going to start with the third one. that's the hardest one to understand for pricing or whatever you want to call it sustainability, diversity, equality, inclusion. i think that's as much behind the numbers as the fact that you know e-commerce. >> thank you we do, too you know, clearly our customers are saying the same thing. and our employees' satisfaction has never been higher. this is really a year that i think we all clarified our values and what was going to be important, where we were going to stick our necks out i'm so glad we made the decisions we did, to pay our people, take care of them, be a close peteam it's amazing we got closer even though we were on zoom i remember calls every day for a

while that we got together together we faced all the terrible events of this year, too, that have been going on too long we said, we can make a difference so we put together our internal equity action plan to make sure that we're addressing what we can address. then also including our communities. we've made some progress there's still a lot to do but we're making great progress. in terms of sustainability, people care about how their products are made. and they may even be willing to spend a little bit more. but what's fascinating about this journey for us when is we started, organic cotton was a lot more expensive than it is today. because people like us who had buying power bought it, the price has come down. and so now, you know, we're hitting our goals for 100% sustainable cotton and a lot more sustainable wood. and coming up we're going to make another great announcement that i'm looking forward, about reducing our carbon footprint. a lot of good stuff happening. you know, as marc benioff says,

values create value, and i believe that strongly. >> yeah, i texted him the moment i saw the numbers. he said, what did you think? a little jealous, by the way even though they're in the dow, they're not doing as well right now. you, on the other hand, were able to see -- i think even he must have been betting against you, 8% short position a lot of people think, they did well because of the pandemic did they not see the different things you did during this period first the flagship, williams sonoma i never thought it had this level of growth in it. what did you do inside the brick and mar for that gave you numbers that you didn't have in the '80s >> i'll just say, first of all, thank you for supporting this story before it was obvious. and this is a long runway ahead. these brands are not that big. they sort of shoot above their waiting in terms what was you think of them. when you look at the size, west elm, not even $2 billion yet you taint total company scale

and market cap and you look at even a relative 7.5% growth, we'll be at $10 billion in five years. williams sonoma make same, you're right, we spent a lot of time pivoting to a contentless strategy, a strategy where we encouraged millennials to cook, and we got a lot more clear about those food trends and how to attract people in that age group. and once people learn how to cook, i mean, you keep cooking. >> right. >> it's fun, very satisfying to feed the people you love and your friends it's something that doesn't go away once you learn to do it we're going to see that continue but then also, just from a strategy perspective, we shifted to a lot more exclusives exclusive product that you can't buy elsewhere. and that really gives us pricing power. we knew that from our other brands but it's been a concerted effort for the last five years to take that percentage way up and we continue to see room to do an even better job there. >> yes i regard it as being -- you talk

about it being a value, quality, but scarcity is the word i come up with. there's scarcity of everything because nobody makes anything as good as you do $10 billion runway people are saying, how can you have them up 28? i'll tell you why. there's an outfit called wayfair. $14 billion in sales frankly, i don't think that stuff is all those things we're talking about in terms of engineering and quality and values and yours, $12 billion it doesn't make sense. i can tell which one's undervalued, the one that has sustainability, the one that has belief systems if you have a belief system that is easily accessible to anybody who wants to buy things, i don't think you hide it, i think you show it. we want you to win this is a big thing. you are a purpose-driven company, and people sense that when they go to your site or when they go to your stores. >> thank you for saying that you know, we're going to just keep focused on that

our people are pushing us, and we love it and you're right, when you look at the scale of our business, i mean, if you say, okay, could we have 3% market cap well -- i mean, 3% market share in the home industry, global home industry business 3% market share, $20 billion so you can do the math and get us, you know -- if you believe the story, which i know you do and i definitely do, about our growth initiatives and our differentiation points and the macro that supports it, we've got a lot more room to grow. >> taert and no promotions. which i love i do love the seasonal stuff you're doing i didn't know you could do it, that you could pivot like that you're doing easter stuff and making good money on it. >> yes we can't wait till people get vaccinated, we can invite our friends and family back into our homes and cook for them and have a cocktail party can you imagine those parties in the fall as we get to do that, what they're going to be like? we're going to be right there. we have some of the most

inspiring products, assortments coming for the holidays. and easter, you know, is off to a great start. that's always a very important indicator. i think more people are going to be able to celebrate easter together this year but let's wait till the fall, can you imagine? >> how about your people coming back into the stores vaccinations are going to help what are you requiring of people can you get the stores fully staffed like they were >> i mean, our people never left, so they're there they're totally motivated. we're taking as good of care of them as we can in terms of vaccination, we're hoping people get vaccinated both our customers and our employees. and we're giving them a little incentive to do that but honestly, the store traffic's coming back. >> yes. >> and the truth of the matter is, last year, unfortunately, yesterday was the day we closed. we closed until the beginning of may. closed stores closed. so traffic was coming back we're looking at how do we comp

2019 you can't look at 2020 because the stores were closed during this period i think people don't realize the upside we have in retail we talk about e-commerce that will be our growth. but this retail recovery is a big part of the story as well. >> no, that's why the stock is not done going up. laura albert, ceo of williams sonoma, best quarterly beat so far in 2021. great to see you >> great to see you, thank you, jim. >> they don't stop when they're going like this. this is a major relating look at what happened yesterday. lenar, a tech company. this is an e-commerce company par excellence with value. it's not done. coming up, could indoor farming reap outsized profits? cramer sits down with ad harvest next

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when the spac attack started turning into a panic about three weeks ago, i gave you a shopping list 10 of the highest quality you can buy on the way down and why. now that the group is down big from its highs we're circling back to the most intriguing stories. let's talk about app harvest, the cutting-edge agricultural technology that's building some of the largest indoor farms. think giant greenhouses designed around sustainability, issues we care about on "mad money." it's intriguing. trying to turn appalachia into an indoor garden for vine crops and leafy greens like so many spacs, the stock went crazy, surging when it became purpose, merging with special acquisition vehicle. coming back to earth just under

$22 today. could this be a buying opportunity? jonathan webb, founder and ceo of app harvest, to learn more about the company and his vision for the future, welcome to "mad money. >> hey, jim, thanks for coming me. >> thank you for coming on we both know, we're growers. we have a broken food system in this country i think in particular it's broken for french vegetables we get vegetables that look good, that are doused with chemicals that tend to come from mexico been on the way for five or six days have very little taste, and nutrition, i don't know. how can app harvest fix this >> jim, unfortunately, not nearly as many people in the media understand this as well as you do you know, our team's certainly been following you, know that you grow in your backyard. we encourage every american household, go plant a garden, the best place to get your fresh fruit and vegetables, in your backyard yeah, we have a lot of problems with our food system here in the

u.s. and the good thing is, there's technology we can use. we can build infrastructure, and we can recreate a better food system that better aligns with people and the planet. jim, we have a long way to go. you've mentioned it in the opening. we've pushed most of our fruit and vegetable production down to mexico it's being shipped back into the country, sitting a week or two weeks on a truck you have epa, it's very difficult for them to track the chemical pesticides being used south of the border. we don't know in many cases what chemicals or the fruits and vegetables the seeds are genetically modified, not for flavor, not for nutrient density, but for transportation, just to get halfway across the country so we have a long way to go, jim, but our company's trying to do what we can to build a homegrown food supply here in the u.s. >> let's talk about the success you've already had you want to build 12 what was we call controlled environment agriculture sites. but i've got some beautiful -- i

guess they're junior beefsteaks that i know are better than mine it's driving me crazy because i know mine are fresh. but yours are fresh too. the success you've already had, talk about it and how where you are is a great advantage for the rest of the country. >> yeah, a couple things, jim. one, from a taste side, we'll throw that to our grower team and martha stewart martha will be back in kentucky with me monday, as will the rest of our board who's been very active and helpful with me we've really deemed this as the third wave of sustainable infrastructure 20 years ago it was renewable energy 10 years ago it was electric vehicles and automotive. right now it's controlled environment agriculture. we can use infrastructure and technology to grow fruit and vegetable with 90% less water, 30 times yield per acre, get the harsh chemical pesticides out of the growing practice where we're doing it to me is as important as how we're doing it, in central april layer shark where we have an abundant amount of rainfall. five of our last 20, 25 years on

state record in kentucky have been our wettest you look at california drying up and drought stricken the southwest of the u.s. drying up mexico is continuing to have water troubles 95% of our fruit and vegetable is water we're just packaging up that rainwater here, using no chemicals, only filtering it with sand and uv, and growing a good, healthy fruit and vegetable that we can get out to market within a day's drive. >> this is very, very important. i'll tell you how it's important. i ask my kids, what do your friends talk about when they talk about robinhood or whatever they say, why doesn't dad ever have a "b" corporation on? this was a couple of years ago a, b, c, it's just a corporation. patagonia, ben & jerry's you guys are a completely clean "b" corporation that people can own. >> yeah, jim, our team and our investors, we think this is incredibly important not only do we have the "b"

corps certification, we're a public benefit corporation there's only less than i think five publicly traded globally. companies have an obligation to people and planet. if covid has not taught us that we're all in this together, i don't know what will but we think, it's not a question of sustainability versus profit. and i had discussions on this earlier today. profit, you know -- purpose is leading right now in the world. >> yes. >> the profit's following. it's incredibly important. yes, we have to have a fruit and vegetable to compete with dirty agriculture, but we're also investing in the communities here, investing in high school by us investing in high school education, we're developing our talent for the future. those ceos that are running fortune 500s and other ceos that are profiteering, you can make the case, jim, are they going to be around, are those companies

going to be around in 10 years anybody that questions this, look at the coal companies that surrounded me here in eastern kentucky >> great example. >> almost every coal company in the u.s. has gone bankrupt. >> all gone. >> instead of looking at how do we transition to a new economy of energy? so jim, we're a public benefit corporation. there's only a handful our take is, our position, is that 10, 15 years from now, hopefully half the fortune 500's will be public benefit corporations we all have an obligation that goes beyond what our core day-to-day business is. >> that's how i feel, we're in total agreement. i love what you're doing everyone in their portfolio should have room for an app harvest. jonathan, ceo of app harvest, great to have you on the show. >> we'll love to host you down. >> that's where i want to go, heaven for growers like me i'm not really a grower, i'm a gardener but i maim "jim's none berto mate toe sauce." don't tell my wife i call it

that. just chill out >> chill man is in the house chill man be king! chill man is in the house, he's happy! >> the "lightning round" is coming 100 "mad money" returns

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it is time it's time for the "lightning round. are you ready? andrew >> caller: hey, jim.

longtime listener, glad to be on the show. >> okay. >> caller: i've been trying to get into cybersecurity the stock i am looking at had a run up to about $294, pulled back about 80 points over the last month my question for you is, do you think okta is a buy? >> i get on this with street.com i said when stocks are down between 17%, 20% for a year, and they're great tech stocks, you've got to think about buying them we know the guy's been able to do literally, i mean, identity down cold. you need okta in any major enterprise, i think you should own okta for yourself. owen in massachusetts, owen? >> caller: jim, big boo-yah from beantown. >> yes, man, what's up >> caller: i'd like to hear something about flood power. i bought in earliered a a great price, and i see they're having some accounting problems right now. but i really want to hang in there, what do you think

>> i encourage that. i've gone up and down these accounting issues. frankly, i think that the auditors dropped the ball here i think they were doing -- this company is doing everything right, andy marks is doing everything right somehow they didn't like what they did, because there was no cash actually involved, and it was just keeping i am willing to say this is not nefarious. it's bad but it's not nefarious. i believe in the long-term, green hydrogen fuel, and that is the best play. chimi in florida >> caller: i was able to buy the stock 25% off its highs. it keeps going down but i'm in it for the own it, don't trade it are you all in with me on chewy? >> have to be. immunization of pets, unbelievable story i talked to petco today, ron cog lin, still good. i think the world of kristin peck this is part of that i know ryan -- look, i keep expecting ryan cohen every day going to check out one of my

ideas for gamestop ryan, call me, i'll give you my cell right now but i'm afraid others would get it. let's go to dean in ohio, dean >> caller: congrats, jim the largest industrial gas company in the world, lindie. >> hydrogen power, it's the best, largest industrial gas company, it has been a monster good stock all these stocks are coming down nowry are would encourage you to buy the stock of lindie. john in florida, please, john? >> caller: jimmy chill. >> chill man. >> caller: thank you for your information and advice you provide on your show it's allowed me to move up my retirement date a couple of years. >> oh, there we go, i love that. >> caller: thank you very much i'm calling about a stock i've been invested in about three years, done very well with, biofuel gebo. >> oh god, people are asking about that left and right, i've got to do a piece on this thing.

lots of people ask me about this stock. it's less than $2 billion. but we're going to do -- thank you for saying that i accelerated your ability to not have to work as hard, as crazily as i am right now, frankly and that, ladies and gentlemen, is the conclusion of the "lightning round." >> "the lightning round" is sponsored by tg ameritrade. coming up, if something seems too good to be true, should you hit the brakes? cramer is cautioning investors to steer clear of broken promises before they break your heart. ♪♪ ♪♪

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all right. sometimes the story's too good to be true witness lordstown motors, another 13% today. this is a company i got very excited about. located in a resuscitated gm factory in lordstown, ohio when the ceo came on the show i was pumped what could be better than a mothballed gm plant being retooled into a factory for pickups and vans, new jobs, clean energy but you never want to let your enthusiasm obscure the facts which is why we brought burns on the show to find out how this great concept might also be a

great investment i couldn't ask him how much money lordstown would make, because it's a long, long way from profitability i asked him about orders thought that was a good, tangible sign of early success, right? here's what he told me in response >> our average order size is about 500 trucks at a time and, you know, most of them by the ceos of these large firms. >> seems solid, right? orders for hundreds at a time, ceo check-offs in metro suspect, though, maybe it was all too good to be tree rigorous short selling firm, i know they put out a brutal report on lordstown. they question how the company is really doing alleging these orders might be borderline fraudulent. harsh words. it was incredibly negative this morning our own cnbc's phil lebeau caught up with burns in an amazing issue to talk about this order issue among other things let me play the interchange so you can contrast it with what he said on "mad money" about orders

>> we query them, we have very robust interest, and that's what they are letters of interest. you can't do any more than that in this stage. so i don't think anybody thought that we had actual orders, right? that's just not the nature of this business. >> i guess, well, i'm one of those guys, one of the suckers that thought they had orders i mean, to me, it's a far cry from the 100,000 reservations, albeit nonbinding, the company previously touted in a january 2021 press release now you can see why the s.e.c. is interested. i hate this kind of thing. it's not just about money. listen to me i hate it because we need all these electric vehicle companies to succeed science tells us it's the only way to trounce the evil of climate change i think we need millions of charging stations, we need many more successful electric vehicle manufacturers, we need better, faster, cleaner battery technology i want to be a believer. i want these companies to prove my concerns wrong.

for example, i was initially skeptical of fisker, then i read about its new car, saw bill mcdermott, great executive, joined the board of directors. got a good deal with magna, we heard about that earlier lieu sent motors, 500 miles on a single charge. it goes into production hear this year. the car's a technological marvel it's killer. so i wanted to know, will you be able to get orders in demand that it's impossible to demand play the tape with all this in mind of what the ceo told earlier this week about lucent. >> we've nearly sold out of the pre-edition, we've just got a few reservations left and our run of 500 very nearly sold out. and we've got a very large proportion of our preorders for the following grand touring version. and our order book is filling

very nicely. >> sounds pretty good. think the guy's a great guy, got a lot going there. what bugs me after the lordstown controversy, when i hear this terrific stuff from lucid, now i've got nagging doubts. are those orders money in the bank or merely letters of intent? are they easily cancellable? same goes for fisker maybe the reservations are meaningless. we don't want that there's a big difference between an actual order, when cash changed hands, and list of companies that might want to buy one, a list of people that are interested, and there's no penalty or little penalty to cancel, 25 bucks, say. i'm pulling for lordstown. i hope all those interested customers place real orders. i want them to come on with a big customer who just took down 1,000 vehicles in cold, hard cash i'm very hopeful about fisker and lucid. i think there's plenty of demand for non-tesla vehicles i've learned a second lesson if a ceo like burns can so easily dismiss his own notion of

what counts as an order, i better start curbing my enthusiasm for the stock when a ceo gets philosophical about basic terminology, you don't want any part of that story, or at least not until they get their house, no, ride, in order look, i always say there's a bull market somewhere. i promise to try to find it for you right here now we can see it. i'm shepard smith. this is the news on cnbc of. the worst of the insurrection is caught on camera the fbi asks do you know these people the graphic videos released today because the feds need your help. nothing is off the table investigation update after the atlanta murder spree did the suspect shout anti-asian rhetoric the sheriff answers. is it time to let foreigners travel to the united states?