buying the fast pitch on shopify. looks like a strike. 56% not buying it. time for the final trade we go around the horn, tim. >> eem. >> bonawyn >> lyft. >> karen >> pfizer. >> guy >> inbegin. >> have a great weekend. "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's always a bull market somewhere. and i promise to help you find it "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to kram erica i'm here to make you money, my job is not just entertain you but educate

and teach you. welcome back to bizarreo is wall street where bad news is good news this morning's jobless claims number came in citizdisappointi high, terrible if you're looking for work, but fabulous for wall street but federal reserve will not raise interest rates any time soon. fed chief jrks powell wants to stick to his guns for growth stock buyers to come out and buy their phase again. that's how the market could roldan with s&p 500 new all-time high and nasdaq where those super gross stocks live surge 1.76%. if you want higher stock prices you need better than expected earnings. >> hallelujah. >> and bad non-inflationary news

about the economy economy. >> 3w50i -- buy buy buy. >> today j powell got a terrific excuse to keep easy money flowing. you know what, that's exactly what is needed after president biden rolled out a massive $2.25 trillion jobs program yesterday. which brings us to our game plan tomorrow we got the labor department monthly payroll they still do that it might be softer than expected given today sub optimal jobless claims the markets closed for good on friday but when we come in on monday we're going to be reacting to the number that comes out tomorrow at 8:30 and once again, bad news is good news, wouldn't shock me if it's weaker than expected on tuesday we'll have analysis from one of the strongest stocks in the market, applied materials. i think semiconductor equipment maker make use that meeting to raise numbers.

perhaps substantially because of that worldwide chip short age we talk so much about so demand for manufacturer equipment is off the charts last night taiwan semiconductor forward thinking company on earth committed $100 billion in last three years, increase from what it's been talking about no wonder koa, lamb research, all have been red hot. later the commodity chip maker will tell a story of incredible demand i expect semiconductor prices to keep soaring so chip makers will meet capacity which means, applied materials should amazingly have more room to run we heard from paychecks. it's a post journey pattern with incredibly payroll prosseror or human

resource consultant has had to deal with this for years now a bunch of negative analytics have been wrong and will stay wrong even if it reports a great quarter. speaking of weakness, i got to get this off my chest, started this morning, i was dead wrong about car max about last week during the game plan i figured this huge car dealer was almost a can't-miss situation. i thought they reported a great quarter because there's such a huge demand for vehicles we just seen carvana that was magnificent. lithium motors, just incredible. but not enough new cars thanks to the chip shortage so how could car max blow it but they whiffed giving us a disappointing top and bottom line miss. the stock plunged 7% today when i read through the conference call, as sick as i was because of the decline, it did make me feel it's a bit of

an over reaction the call rubbed the analytics the wrong way, because we all figured had to have a good number so the pull back might be good opportunity to buy the stock. future will be brighter with the results collegiately they and yes i should have done better for you for the open wednesday we get the weekly mortgage application numbers. need to see tinned momentum in housing, you -- continued momentum in the housing market, will stay if rates stay low because so many are moving from the city to the country. that's why i like that tact y50r tractor supply, in response to the pandemic it 4r50ks -- chythlook-sifsofs -- it looks like folks will work on a hybrid schedule, boosting the housing market for a long time, it's a world that you can

tolerate more commute and get more space, which is why people are abandoning their apartments. next up we'll hear from consellation that was hit the other day, suggesting beer and liquor fantastic grower due to the devastation in texas from super storm murray that has not been talked about enough, it may help their earnings. consellation is responsible for growth in modela and stay close. if washington ever legalized marijuana nationwide could step up the stock they own a huge number how about the dominance in the frozen food aisle. i do worry with all of the other

food companies that might temp per their forecast because of the reopening but it's a big stand out. levi's straus we're huge supporters on this one, we urge you to stick with it and glad we did because it's come roaring back many investors were worried about retail in particular but now love it with this reopening. wish the stock didn't run so much going into the quarter. we know pvh stock was blasted after a big number so let's see how levy's be be haves going into the earnings. finally the producer price index. this is the fear look i see the inflation in lumber, i see it in plastics, in metals and in semiconductors, i think this p prks i number could run who the, so should you be nervous? when j powell vowed to keep

rates low he added inflation would spike. he would saying this would be a bad number next friday we get the spike and the market should be prepared for it because he told us to be prepared doesn't necessarily mean it's totally baked in bottom line, you think we'd press our bet to stay long yesterday i suggested the counter trend rally could continue so far that forecast stands without a cool employment number tomorrow i expect the reopening stocks, banks and industrials to come back to the wall street fashion show some time next week let's go to ezekiel in new york. >> hey, jim, booyah. >> booyah. >> appreciate what you do for people of all ages >> excellent. >> i'm here to talk about king dual dual with ticker tdd. chinese e-commerce company i saw go all the way from 200 to 250

significant pull back do you think it is a buy considering the bad news hitting chinese names. >> i know it's a growth etf favorite i totally get that i have endorsedal alibaba. i could add this company i'm really out there with three stocks that's how much i dislike the shanghai market. i'm going to stick with my three. i understand this is a fan growth fave. jack in ohio jack >> thanks for taking my call, jim. >> of course, jack what's up? >> with people starting to get out more, it seems like for the past month every time you drive by the drive-through lines are always very busy with the recent run up of the stock do you think it's too late to add more to my already holdings of starbucks. >> i own this stock. you can join the club and find more about it. i would not come in at this

level because i think you can get a quick trade and get a better chance but you're right they're hitting on all cylinders, united states is coming back hard for them. congratulations to kevin johnson negotiating a very difficult period, they're taking up a lot of liesmans and expanding. -- of leases and expanding. keep an eye on the reopening stocks we get a hot number look out those are the ones that will go up i'm sitting with ceo of micron to find out about what the chip maker is saying for the future there's an industrial that is red hot and quantumscape ceo will sit with me with an update. dynamic has shifted greatly in the world of spacs, the mergers, as investors have become somewhat apathetic in this space

could it be a buying opportunity? i'm talking to the ceo so stay with cramer. 12 >> announcer: don't miss a second of "mad money." follow jim on social media --

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the whole tech sector came roaring back not sure how much staying power but i'm talking about the booming tech business. case in point got fantastic

result from micron commodity chip maker not so much any more -- micron announced strong numbers. the full run down elevated expectations and gave a terrific forecast for the next quarter. commentary was incredibly bullish. micron seeing strength across virtually every market with excellent purchasing power -- storage problems don't even matter but don't take it from me, let's check in with the president and ceo of micron and one of my absolutely favorite ceos, don't worry about the quarter and what's next. sir, welcome back to "mad money." >> hi, jim, great to be on the show again. >> when the stock was at 40's and 50's you had a premonition but things aren't etherial like that you saw the booming markets

coming but you got to be surprised at the strength of so many different markets. >> we're very excited, jim, about the strength in multiple markets from cloud to enterprise data center to the intelligent edge, smart phones, automative, all of these are driving strong groaning and demand for our products and micron is executing well on the technology and productfront as well is through the pandemic, jim, we have really emerged stronger execution with technology and leadership with our 176 layer nad -- and both for the first time in the history of the company in the industry simultaneously. so we're excited about what's ahead. >> that's why i tell you, candidly, i would hope you to double down by buying koysa japanese chip maker that may or

may not be for sell. you have to admit. demand is strong enough it might be worth doing >> so jim we don't comment on industry humor or speculation. with our 176 layer lan we're the first in the industry starting to shift this product and this will drive our growth of lan business in terms of revenue as well as profitability not only through the rest of the year in 2021 but also we have a solid plan in lan to strengthen the return on investments and in the same time v ram nearly 75% of the business, micron is executing well and the demand drivers are strong in this age of a.i. and data every application needs more memory and micron is well-poised, i believe, to drive stellar financial results over the course of next several

quarters we're very confident in our demand outlook through 2021 as well as '22 as the world economy rebounds from the pandemic. >> now, i thought of you last night, i was listening to the president and i said, look, they want to do something to help build foundries in this country, i said if i were sanjay i'd say that's not fair we'll been building, doing everything you're supposed to do, there is an inequity don't you think? >> first, let me tell you, we're very appreciative of the u.s. government, the congress and the administration in terms of focussing on the need for driving innovation, competitiveness and global leadership for the u.s. semiconductor industry this is clearly important because the semiconductor's form the back bone of everything today in the economies micron, of course, has been, as you noted, we've been with

manufacturing with the fab in virginia and headquarters out of boise,ide hi'd idaho and havinga global footprint of manufacturing in taiwan, singapore, japan, malaysia, china. we're vary diversified which today we consider as a competitive advantage. we really appreciate the administration's efforts and we continue to monitor and look at these trends because as the only company in the u.s. that makes semiconductor memory and storage, which by the way, semiconductor memory and storage makes up nearly 30% of the worldwide semiconductor production so we really are a leader in memory and storage, the only u.s. company we're definitely excited about the prospects of driving greater leadership in research, technology and products through u.s. as well as on a worldwide basis for driving innovation

agenda for our customers worldwide. >> i want to ask you because you've been putting up things but a lot of others haven't, are we running risk, i was listening to your call, that we're going to do something we used to do, cap ex didn't increase much, the volumes and price went up and suddenly everybody came out with more cap ex and we got a bust again. you know, under your stewardship i thought that era was over. i thought we'd just have the big secular gain and then we started getting worried, people could start chasing price and we could have a bust. is that possible >> so jim, we are extremely careful in terms of investing in cap ex and making sure our supply bit growth is well aligned with demand growth skpaektation -- expectations not just quarter to quarter but on a yearly accumulative average

growth rate basis. it's important to have a plan to drive growth to provide high return on investments and keeping aligned with the demand growth. if you look at the d lan industry through the cycle of the last 2016 to the one in 2020 the d ram profitability has remained very healthy, strong margins, strong return on investments, and has shown cap ex is important micron through 2016-2020 has driven revenue growth of 70% we have driven ebita margins of 50% gross margins of 40% on average through the cycle and return on investment of 20%. this micron is very different driving technology and product leadership and financial

strength and of course disciplined growth we're not just about cycle it really is we are a growth story hear. >> you really are and the margins what i remember with micron other times in my life are very different and you are precisely on point with those predictions. i really think it's going to lap multiple years, president and ceo of micron, congratulations on what i think is the best quarter of the whole group great to see you, sir. >> great to be here, jim thank you. >> sanjay just gave you an outlook that's so different from the micron i used to trade in the '90s hedge fund 2000 it's always been boom bust not any more now it's secular growth, bringing it to higher levels "mad money" coming back.

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and only pay for the features they need. man oh, man, is nice to see an electric vehicle spac actually deliver on its promises some stores have gone up in smoke lately don't want to accuse anyone of malfeasance but some of these spacs were way, way too promotional. yesterday roman powell slashed the play by 80% only made month and half ago what the heck. -- kd last night a company that's trying to reinvent electric vehicle batteries say they have reached

a milestone to allow an additional $100 million investment from volkswagen that's why quantumscape rallied up more than 10% stock has been hammered because it's the exact kind of high flying growth stock this is a fabulous fbi w this is a fabulous partnership with -- we got to dig deep with the cofounder, chairman of quantumscape a real business person and has a better sense, welcome back to "mad money." >> thanks great to be here. >> so this is a major accomplish by a company that is so committed. maybe the most committed in the world of the large manufacturers to clean skies, electric fields so explain to people how important it is that they gave

you this $100 million. >> great point, jim. also to your aeearlier point abu sitting expectations we've been careful to do what we say we're going to do. in december we announced the performance data which was pretty amazing data if we say so ourselves. very exciting for the industry followed it up with the federal earnings call with the multi-layer results, a big mile milestone. i don't think folks were expecting it that early and we met the milestone that we set up with v w, we entered into a agreement with them over a year ago and the milestone involved testing a specific set of cells that were designed to bear a specific dimensions at a specified set of power and temperature conditions for specified number of cycles and we're very pleased that the cells hit all those milestones and as a result unlocked $100

million investment so far feeling good about where we are, feel it positions us well to execute and deliver. >> well, i thought of you last night when i was listening to the president. the president saying, listen we really got to jump start this industry it's way too expensive, the average car $10,000 more than a regular car. when i heard you at this battery series was tough, i had to google a lot of words, you're talking about a battery that's safer, faster, cheaper and charges in a short period of time and most importantly something that's not incremental change. it's a seismic change. you got to explain to our people why you're not just tinkering. this is big. >> absolutely. great observation, jim there's a few key things that have been missing that have kept ev's from being competitive

greater engine density for longer range higherpower density. safer operations lower loss longer life. all five of those things we can deliver not by bolting together five different solutions but by making one key change which is to replace carbon with lithium which is enabled by the solid-state electrolyte in the lithium metal anode and hit all five of those benefits in one fell swoop so it's very exciting it's great that the administration is so supportive of this electrified transition that is critical to reduce emissions but our view is at the end of the day, you know, government, you know, policy is not enough you've got to have a product that people want to buy, and we think that people are going to want to buy more evs once they're more competitive with combination engines. that's really the promise of

what we're doing and you're right to identify all five of those things as key requirements to close that or narrow that gap between evs and combustion power vehicles >> you are one of the few companies in this space that has not overpromised but i think people may not know how big volkswagen is and what we need is scale i keep hearing about these projects, 500 here, 1,000 there but if you develop something for vw, tell people how big they really are >> these guys are staggeringly big. they sell north of 10 million cars a year. they're consistently among the top two or three largest car companies in the world and their commitment to electrification is second to none they're going all in to electrified power trains there was some talk about them being renamed to voltswagen. i don't know if you saw their powered a, they outlined a very

bill commitment. we're gratified they mentioned quantum scape, we can play a role there but really, if they achieve their goals of getting, say, a few million cars electrified by mid-decade, that would be on the order of a few tens of billions of sales of ours -- i'm sorry, a few billions of sales, few billion dollars in revenue so it's staggeringly big numbers to be candid, we're not going to be able to build factories fast enough to really address that entire demand that that one customer has, but i think what we're trying to do is build factories as fast as we can to address, really, as much of a fraction of that as we can in the fullness of time, over the coming decade, we think we can really ramp up production to really high levels but in the near term, you know, we're going to try and address as much of that as we can and achieve the revenue goals that we've outlined >> okay. one of your biggest backers is a guy who's actually pretty creative thinker, adam jonas at

morgan stanley he called you the biotech. but he says you've got more financial breathing room because you have the money from vw and you did the equity offering but you have to spend a lot of money to ramp the way you would like to are you okay for, say, three or four quarters at this pace in terms of money >> yeah, i mean, actually, the money that we have in the bank, we now have approximately $1.5 billion in the balance sheet and if you listen to our february earnings call, we said that we expect to spend a net of -- our cash balance at the end of the year will be between zero and 60 million less than it was at the end of last year so overall, we're going to end the year with a very strong balance sheet. the cash that we have in the bank right now is enough to fund our pre-pilot line, which we call 2-a-0 in fact it's the doubling of capacity of that line, it's enough to fund us most of the way through our 20 gigawatt hour

expansion facility with volkswagen in the '24, '25 time frame so we feel very good about where we are cash-wise i think we ran into a tough market and we did our online offering last week, but we're happy that we raised, you know, on the order of half a billion dollars, add that to the billion dollars already on the balance sheet, $1.5 billion. which really is, you know, is a lot of capital for us to be able to execute on the production plans that we have here. >> that's terrific and i think people have to understand that when you hit that milestone, it's a very big test they didn't have to give it to you. they did not have to give him the money. they could have said no but they said yes and i think that the most important client on earth when it comes to clean skies so, cofounder, chairman, ceo of quantum scape, it is such a delight to see you again >> thanks for having me, take care >> back after the break. >> announcer: high hopes for hydrogen

highs in motors is fueling up to become public and cramer's finding out what sets them apart from the pack next ♪ ♪ ♪ cisco. the bridge to possible.

the market lost interest in mergers but can think about buying some of these things as long as we do the homework and we like what we see, which brings me to hyzon motors. this is a company that makes hydrogen fuel cells for heavy duty vehicles like class a trucks and buses that's probably the best way to use hydrogen this is not some pie in the sky story with plans to start marking something in '24 or '25. in february, we learned that hyzon's effectively becoming

public by merging, although the story is a little complicated buzz they're a subsidiary. at the time of the announcement, the stock surged from $10 to just under 20 bucks but thanks to this recent backlash, it's pulled back. still a few bucks below where it was trading before the deal was announced so could this be a buying opportunity or is the stock selling off for a good reason craig knight is the cofounder and ceo of hyzon motors, to learn more about his prospects and business welcome to "mad money. >> thank you, jim, it's nice to be here. >> all right, so, we have had a tough week with some of these stocks in your group they shouldn't ul be lumped together they're all very different companies. but i want you to tell our viewers about this is not one of those pie in the skies you actually have vehicles that work and are in some ways economic >> indeed. so, you're right, jim. hyzon has recently started assembling trucks and buses and the truck in the virtual ride along we did in europe recently was powered by the same fuel

cell designs that have been supplied by the parent company for hundreds of commercial vehicles, deployed mostly in asia previously so with governments and corporations facing this increasingly urgent mandate to reduce dependence on fossil fuels, while heavy transport is a tough sector to address, it's really well-suited to hydrogen fuel cells and hyzon brings substantial capability and real-world experience to accelerate the energy transition in commercial mobility >> when i look at the president's program last night, a lot of people thought it was going to be really about roads i heard it being about ev. ev truck, ev bus, ev car did you think that the president's focus could mean good things for hydrogen >> so, obviously, hydrogen trucks are electric trucks they are fuel cell electric trucks, so i know that ev is often a term that is coined for battery only electric vehicles, but in many cases, it's not only

many use cases where payload is important, where range is important, and where vehicles are expected to be driven by multiple driver shifts in a 24-hour period these applications are really bar better suited to hydrogen than battery-only electric so we see great potential for those back to base operations with high utilization to move towards hydrogen and we think the catchall of ev, it really does include fuel cell electric and we'll increasingly be recognized to include fuel cell electric because today it's probably not so recognized >> it's not but what i liked about what the president said was he understood that sometimes the government has to give the private sector a boost we saw that in south korea with plug power also with china. but how about this new zealand deal for 1,500 trucks? is that just straightout a good deal for hyzon >> look, obviously, that deal for new zealand to deliver 1,500

trucks within the next six years, five to six years for a young company is a challenge, right? but it's a challenge we welcome with open arms, and this is a deal that's also supported by the new zealand government, by the way, jim, you mentioned how it helps when governments provide some frameworks and some incentive for some of these early movers and that's another example where that's the case. but we have the major trucking operators within new zealand behind this deal, so we work with the hearing energy, who's deploying the hydrogen infrastructure but it's really the fleet operators that are behind the deal and underpinning the demand for the trucks. >> so, the fleet operators actually accept hydrogen, why, because it's somehow cheaper i'm sure they never really worried about being clean, are they >> oh, they are very much worried about being clean in new zealand. >> really? >> so, jim, new zealand, you know, markets itself and is actually very proud of its pristine environment for tourism, but even their whole national identity is around, you know, this 100% pure new zealand

thinking process and marketing campaign from years ago so we're looking to convert it to 100% pure h2 from a commercial mobility standpoint. and while the economics today are a challenge to get to diesel parity, there are pathways to get to diesel parity with zero emissions in the next two to three years in many scenarios, not only in new zealand, but also in australia, we see the same pathway in california and there will be more and more jurisdictions where we can bring that to fruition in the next two to three years >> well, that's a terrific story. look, we all want it to be true. we all want to be -- we all want it to be new zealand because then we really would beat this whole climate change issue craig knight, cofounder, ceo of hyzon, a very exciting story thank you for coming on "mad money. >> thank you very much, jim, that's a great pleasure to be here >> you know i'm a believer in green hydrogen i know it's far off, but after listening to mr. knight, maybe

it's not as far as i thought "mad money" is back right after the break. >> announcer: stick around >> may i make a suggestion i would stay with cramer. >> announcer: the lightning round is coming up next. so you want to make the best burger ever? then make it! that means cooking day and night until... [ ding ] success! that means... best burger ever.

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i really hope that this vaccine can get me one step closer to him. to a huge wedding. to give high fives to our patients. to hug my students. with every vaccine, cvs is working to bring you one step closer to a better tomorrow. i'm opening up the lines to hear from you, because it's an uncertain time i want to talk to you. >> mr. cramer, i just wanted to tell you, you are absolutely, positively, fantastic. >> thank you for helping us not panic in times like this the average investor, which we all know and love, you cater to us and we appreciate that for awe all you teach us >> i am not going anywhere you shouldn't either we will get through this together

>> announcer: cramer has your back call 1-800-743-cnbc and let's take on the market together. >> we're going to figure this out. we'll puzzle it over and make it so we're all smarter >> it is time. it's time for the lightning round. and then the lightning round is over are you ready? carrie in georgia. carrie >> caller: booyah, jim >> booyah. >> caller: thank you so much for what you're doing for us young retail investors >> i'm trying. got a lot of work to do. people want to -- s.j. clayton said today, well, people want more education, and that's what i intend to provide. what's going on? >> caller: i would love to hear your thoughts on a charging station company that's strategically placing charging stations in metro cities and with the biden infrastructure plan announced it looks like a

big opportunity. the name of the company is called volta charging. >> tortoise. the tortoise shell i think this is -- there's so many of these electric vehicle stocks these days that i just, you know, i got to have them on, frankly, because i like quantum scape, there's a bunch of others that are good but let's have them on because some of these are really blowing up and i don't want to hurt anybody l let's go to eric in wisconsin. eric >> caller: hey, jim, my company has been up about 30% year to date i was wondering if there's more room to run for caps >> oh, my. i mean, you know, my hat is off to jim, the ceo, why because when the stock was a hundred points ago, he was saying i got to buy stock now, new ceo in terms of outlook of the company. he's done a great job. it's the premier infrastructure play it's a china play. they don't even need china, actually it's a united states play. c.a.t. is real good.

john in new york john >> caller: booyah, jim >> booyah. >> caller: originally from new jersey, milburn deli is fantastic. >> yeah. good sandwich but you got to know immediately if you even hesitate for a moment they'll trample you what's up? >> caller: always the godfather. for the stock i want to talk about, revenue streams, growing market share batteries, autonomous drive, software services, services which will drive margins for years to come and energy, which cathy woods didn't even account for. why is tesla not the best investment with a five-year time horizon? >> the only reason tesla's not going up is because tesla is up so much. i agree with you and i think one of the reasons the growth stock stopped going up is because tesla stopped going up but it's a reason to own it we're finally getting a cheaper than 900, so i'm fine with tesla. larry in florida >> caller: hi, jim thank you very much for taking

my call. >> quite welcome. >> caller: i've been listening to you for 15 years, great show. i just signed up for action plus >> fantastic thank you. >> caller: great, great information. >> thank you. >> caller: jim, i have to say one thing. when you're on vacation, or you got ill like two weeks back, it seems like the financial markets stop for me. please stay safe >> i'm trying. >> caller: okay. >> i had some big back surgery, it really set me back but i'm doing my best with the pt. >> caller: there's only room in your portfolio for a speck stock. i bought one i thought i did my homework. but it wasn't good enough. it's down 35%. the stock symbols are c.a.n. >> yeah, you didn't get to canaan with that one here's the problem i recommend a couple of chinese stocks but, look, you're absolutely right, i do bless speculation. but that one, no i'm not a goer there i mean, look, stick to taiwan. you don't need those guys. thank you for the kind comments.

that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade coming up, for cinema stocks the pandemic has been less welcome than a godfather remake. so, why should home gamers be giving the ceo of amc a standing ovation? cramer makes sense of some move magic next ♪ ♪

♪ ♪ ♪

coming up, medical testimony from the paramedic at george floyd's arrest plus the suez canal investigation begins the news, minutes away booyah, no huddle. >> adam aron, the turn around artist ceo of amc is indeed a modern-day harry houdini he's rescued his ailing movie theater chain from bankruptcy five times since the pandemic got rolling and you know what? i think he's about to do it again. a sixth and hopefully final rescue by asking shareholders to approve his plan to issue 500 million new shares which would be about $4.7 billion fund-raiser at these levels.

judging by the stock's muted reaction, i think he can sell every share and use the proceeds to clean up amc's balance sheet and possibly acquire its beaten-down competitors to become what i call the last man standing in the industry but then again, the market has been expecting the stock and aron is more likely to dribble it slowly so as not to hurt his current shareholders i'm a believer, because aron's done a fantastic job wherever he's done. he's not afraid to break a few eggs to make some delicious omelets, either, done some wild things, pretty crazy commercials. so, is there -- if there's anyone who could handle the pressure of trying to stop a heavily indebted movie theater from going under, it was adam aron, hence the nickname, houdini, given him by the ceo of i max and a bit of an escape artist himself with this 500 million share, again, dribbled out offering, aron is showing you how a real professional uses the capital markets to his company's advantage. just three months ago, amc was

trading below $2 i mean, that's just incredible look at just -- look at this this is the pandemic right and then it comes down to here with the company on the ropes, because they can't do much business thanks to covid, right? as he described it this morning on "squawk on the street," short sellers were leaning all over his stock right here, hoping to pressure it down to zero i mean, literally. i mean, they would -- that, of course, would have made it much harder for the company to raise stocks or in the bond market, it would have been lethal because amc desperately needed the money right here but then the wall street bets crowd started hunting for short sellers. so they swooped in right here and busted the hedge funds that were gunning for amc, just like they did with gamestop their aggressive buying created a short squeeze on amc boom, taking the stock from $2 to $20 in a matter of days look at that, will you that's incredible.

it quickly did then retreat to $5 after the short squeeze ended but it wasn't long before the buyers circled back again. boosting the stock to a nice, good level and allowed amc to complete an earlier stock sale program and really fabulous prices and the buyers are still there so, aron's coming back for more, even, look, if he can sell even a fraction of those 500 million shares, he'll be able to start retiring some of amc's expensive corporate debt at a substantial discount to where it should -- where it's trading, i mean, i got to tell you where this stuff is trading now the company has bonds trading in the 30s that are due in 2024 meaning, they're reflecting almost certain bankruptcy. usually around 95 and they're in the 30s. but that will not happen if he can sell stock right here. so, billions of dollars in stock and take some problems away. if aron can buy back those bonds on the cheap, get this, this offering, as voluminous as it is, would be actually additive to amc's earnings, additive, despite its size plus if they sell all that

stock, amc will be able to gloesht with the production companies from a position of strength the major players in the movie industry have their own streaming services now so they want to release their films as early as possible like disney's doing with "cruella" and black widow. these theaters want to show these movies exclusively for as long as possible and amc can push for a longer window this offering could give aron some negotiating power now, i know when gamestop surged to 300, i want management to sell mass amounts of stock so they could have a war chest to reinvent the business. i still think it's nuts they haven't done a secondary offering up here but they're getting the chance of a lifetime but they're not listening to me. gamestop, why are they not listening to me? because they don't have a gun to their head they don't need to raise money amc, on the other hand, has been on life support, capital markets are the key to their survival. oddly enough, the wall street bets people created a virtuous cycle. they pushed the stock price up, allowing amc to raise more

money, which then used to pay down debt, which makes the company itself even more valuable it's a game changer and it is adam aron working with wall street bets. of course, not really. but they are pretty synergistic. i like to say there's always a bull market somewhere and i promise to try to find it just for you right here on "mad money. i'm jim cramer see you monday th they can tell, they saw george floyd under the cop's knee, and it was clear i'm shepard smith, this is the news on cnbc paramedics responding to the george floyd 911 call tell jurors what they saw when they arrived on scene. >> i didn't see him moving or breathing. >> in lay terms, i thought he was dead. >> and emotional testimony as the victim's girlfriend takes the stand. day four in the trial of derek chauvin. got your shot, still immune six months later

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