start of march madness gonzaga all the way. that was my call >> i know. i know >> nice job. >> it's incredible what you do >> it's amazing, right >> oracle, all-time high orcl >> all right thank you all for watching "fast money. see you back here tomorrow at 5:00 meantime, don't go anywhere. "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 cramerica other people want to make friends, i'm just trying to make you money. my job is not to just make you money but educate and teach you. call me or tweet me @jimcramer what do you do with no inflation coupled with an astonishing 4

million vaccines distributed on saturday evening except the stay at home stocks that's exactly what people did today. dow gaining 374 points, s&p climbing 1.44% and the nasdaq jumping 11.67% picture perfect employment numbers from the stock market. you had a gigantic number of jobs created 916,000 tar better t -- far better than expected craving growth without wage inflation. if you work for a living, you want a raise but the big money managers like it when you work for less, which is how you get growth without inflation. any nirvana for stocks this gives jay powell the green light to hold rates low. powell wants to return to the economy we had before the pandemic remember, we had the lowest

unemployment rate in 50 years and that can happen if we get everybody vaccinated and well on our way there. maybe we repeat. the one obstacle if we get hit with a wave inflation. powell may have to slam the brakes on the economy but it doesn't seem to be translating into wage inflation. that makes sense they often times don't en intertwine oil got crushed today. i like his hand more than that of the inflation now because nothing is more important to stocks and bonds than the labor department report we got just friday so let's take a closer look at a couple important sectors that roared today first, there is fang, yes, my acronym for facebook, amazon, netflix and google they're exactly what you invest in when tech stops rolling over and safe to put money to work. you don't put it in the highest

growth, you put it in fang what makes them attractive simple, they haven't moved they are behind the market facebook is one of the least expensive growth stocks trading 27 times earnings despite the fast growth it's where advertisers want to be and reach people amazon is not cheap but down for the year, something the pros love when they are trying to figure out what there is to buy. it's reasonable when you have amazon to keep customers they picked up during the pandemic and remember, they spent $4 billion to make sure that the workers were protected you may think they weren't but that's what they spent meanwhile, apple got lift after tim cook gave an interview where he didn't throw cold water on the idea of getting into the car business tesla reported terrific numbers so anything that can turn apple into a tesla rival can get moving the real draw for apple is the price action, the stock is down 5% for the year as the s&p is up more than 8% too juicy to pass up own it, don't trade it

how many told you to trade it in the last two weeks over and over again? wrong. netflix didn't do much because it had a big run last week and there is a bizarre alphabet, clearly the reopening stock. alphabet is up 26% for the year. you know why it's lagged so far behind the rest of the group last year that got plenty of room to play catchup. like facebook google is remarkable the best way to reach consumers. the stock performed slowly because of travel ad cancellations. now those ads are coming back with a vengeance so not too late to buy the stock even though it had a remarkable move. old tech boars people. nothing more boring than microsoft. it will make its numbers no matter what. and really blow them away if corporate sales pick up. fang and microsoft have been held back by inflation you don't buy classic growth stocks if that's not an issue. they can get a new lease on

life second important group is the semis, leaders the chip shortage shows no sign of abating when that happens, the estimates are going higher, maybe a lot higher a chip shortage started is being sent into all sorts of devices, anything connected to the internet of things micron came here and said the memory chips are both in short supply and just been deramped. demand is sensational, 5 g we don't have enough manufacturing capacity there is not enough semi conductor capitol equipment. land research, kla they have an analyst meeting where they expect them to explain how far ranging the shortage might be. the semi conductor complex worked today in an it is passion of that presentation third group that's working despite the chip shortage, it's autos. now it didn't take much to ignite ford and gm a push for a pair of stocks trading on 11 to 12 times earnings. that gives them a lot of room to run.

i like the call because the company is committed to i can maing calls around the globe where it can do it profitably. that sounds silly. who would try to make cars that lose money the old ford, that's who this company used to be on a mission to make cars everywhere, even if unprofitable the new ceo scraped that mission and the hope is his stock is too cheap to ignore. with the production and movement had, i've been recommrecommendi, many it's still too cheap after this run. what else? we know the country is reopening and travel is coming back including airline stocks but cruise lines are still stuck in port the stocks roared anyway because they fired a shot across the cdc bow with a rigorous case why his ship should be able to sail starting july. we'll learn more what is going on and how nothing seems to please the cdc so what happens to the market now? i think we'll hear that if you can't stay this good, that's -- can't stay this good, it's a

party. all that stuff it can only go up so far on the news that things are getting better and after the news, we're finally about to hit earnings season these record highs have come ban the backs of the stay at home stocks almost making a come back this is the fuel i say almost because we got a weaker than expected automatic data report last week that suggested the economy might experience weaker growth that made people worry we might be headed back in some sort of covid induced slowdown, the variants now that new cases are picking up between friday ea's terrific number, a slowdown is taken off the table. we do have new threats coming into the market at all times we have reports of declining activity from individual investors but we're going to see more money going into index funds, which by the way helps explain why the fang names were able to rally as they're a huge part of the s&p and that money moves them higher. i hate to think that regular people are giving up on individual stocks but index funds once again seem to be the default investment that said, you have to be more

circumspect. updates for the travel trust, we trim the position. you can see what we did by joining the actionalertsplus.com club, little positions, little trims. i'm also always wary of markets that go straight up but the bottom line, it's so unusual to have low rates and low wage inflation even as the government is throwing money at so many families in the federal reserve committed to creating jobs we'd rally in a situation like this one it's what is supposed to happen when things go so right with the economy. let's go to sunny in arizona, sunny? >> caller: boo-yah, chill man. how are you? >> doing well. how about you? >> caller: i'm good, sir thank you very much for taking my call. >> good deal. >> caller: quick shoutout to my boys and girl friend bridget what is an icu nurse at the front lines of the pandemic. >> tell her thank you for what

she's doing because that's an unpleasant place how can i help you >> caller: in june i purchased shares of a stock analysts predicted would be a drive to work stock with the recent pivot to podcasting, i'd argue it's not a stay at home and return to work stock so my question with recent bond yields rising, is this one of these growth tech stocks i could trim a little bit or buy more at the levels spotify technology. >> i've seen this stock come down and come down hard. i agree with you, sir. look, i think this stock is more versatile than that. i actually am inclined to be a buyer of spotify as some people try to cut numbers you got a good call and hello to the people you mentioned today's rally is justified when you look at the rare combination. this is very rare. okay so you've got a little wider distribution here. yes, low rates, strong job creation, stimulus checks but big days like today you got to be disciplined i like to trim winners just trim not ring their register on all

of them. on "mad money" tonight, i'm sitting down with the ceo that said covid is a catalyst for the change in the market structure that could be here to stay don't miss my exclusive with market access and cruise lines asked the cdc to start cruises in july. i'll sit down with the ceo to see if it's time to set sail with the stock and we've seen an increased focus on esg consid considerations for investors there is focus on the environmental access but what about corporate governance i'm sitting down with a private player who hopes to help so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcamer on twitter. have a question, tweet cramer #madtweets send jim an email to madmoney@cnbc.com. or give us a call at 1-80 1-800-743-cnbc

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now that there is light at the end of the covid tunnel, what happens to industries forced to digitize over the past 14 months? some stocks are starting to go down now take the bond market, going into the pandemic 70% of investment bond trades were handled manually once the lockdowns went into effect, they were forced to go digital and led to a banner year for the companies to facilitate electronic trading. they had them on a bunch overtimes and been a great stop. it's been just a fantastic performer in 2020 but lately it's been stalled. in part because the world was soon to go back to normal in part because february trading volume is a little light but if you think bond trader wills stick with digital transactions, this could be a terrific long term story and after the close tonight, sure enough market access reporter returned to market trading volumes in march

for many fixed income cat gor categories let's get a clearer sense where the company is headed. welcome back to "mad money." >> jim, great to see you. >> rick, a lot of analysts said you know what? we'll start annualizing year over year and it's going to show things are slowing down which is what we started seeing in february i'm looking at the numbers that came out this evening and that's not what i see. >> that's exactly right, jim we had a great quarter and all things with tremendous support they had for the trading platform around the world but, you know, look, you know the story. these are going to be tough comps for any companies like ours in the trading and exchange space given the huge volumes that went through last spring and i came into march thinking that if we could get anywhere close to last year's levels it would be a big win and we surpassed last march and set new records. so it was a great month for the

business and really a great record quarter, as well. >> okay. now, a lot of people are saying there will be record treasury issues but the fact is as good as treasury trading is, that's not where the money is, correct? >> well, you know, we like the credit space there is money in the government bond space around the world but, you know, listen, our focus is primarily credit markets, high grade, high yield emerging markets, municipal bonds and other credit instruments that historically are less and it's been a great business for us and continues to grow and we've been the fastest in the space for the past decade and feel proud of the results in the first quart tore kick off the new year. >> in 2008 we had a lot of credit swaps we heard it would be open markets and we'll know what is going on didn't happen. now they did credit swaps. i was hoping things would be much more transparent, they're not. what can market access tell us what is going on in that market?

>> well, i'd say, you know, it's a good question. we're involved in the cds market and as you know, gunser pushed for central clearing of the index swaps and that helps to prevent the kind of things we've seen the problem with the over the counter market is most clients will have 20 or so swap counter parties and whether you're an individual or prime broker, it's really hard to get a gauge on the risk of your client and so the amount of leverage that's being carried by some clients is greater than people know and clearly a move toward greater electronic markets, more electronic trading, more central clearing, all of that helps at the margin. >> okay. let's talk about morgan stanley piece. trade web is giving your competitor market access a run for its money and they're saying they're gaining share against you. i'm not seeing a big pickup in

share or decline in share by your company of late am i missing something >> well, no, i think you've got the story right, jim if you really want to get to the crux of the story, you have to get to the financials, right if you take a look at 2020 and especially if you drill into credit trading revenue, you will see that once again, we were the biggest grower in the space by far. so our lead actually expanded during the course of 2020. the one thing everyone need b t to be aware there are no reporting standards for a fixed income everyone has their own way of doing it and including things we wouldn't think about including and i think the only way you get to the facts is to follow the money and when you do that, you'll see we were again the fastest growing company in the space and the lead within credit expanded even further. >> it's been the whole way since you came on the show rick, what do you make about

this green bond market it seems big. >> jim, it's big and will only get larger there is tremendous demand for green bonds from investors all around the world and we're starting to see a real pickup in both corporate and municipal bonds. we're excited to be out in front. we believe we got the largest green bond venue today and we're making it easier for investors to identify and trade green bonds. very excited to see that market develop and we think it will be a big growth story over the next five years. >> all right how about china bond connect will the chinese let you in there? they have a huge market and we should be able to trade there. >> we're optimistic. we we will get approved. we're working and we believe we have the largest institutional emerging market franchise in the world. china is being added to both develop market, government bond

ind indasees and we're hopeful we will be approved in the not too distant future. >> investors seem to be interested in long-term goals and growth some of the analysts always are focused on margin. 1% margin this, 1% margin that i think you got a clear view for our potential investors what you believe about the long term. >> we have a great margin business already and margins expanded nicely last year to 54% but we're really focused on h maximizing this long term growth opportunity and requires a lot of investments we're not managing the business to short term margin we're really trying to capture as much of this opportunity as we can longer term for our shareholders and margins will fluctuate up and down. we have a highly profitable business but the most important thing is capturing this fantastic opportunity for long term growth. >> in that sense i shouldn't say

there is a ceiling on electronic trading, right >> answebsolutely not. in the core products we think we're the leader for u.s. corporate bonds high yield global em but our share of the markets on average is 17%. the vast majority of the rest is still being conducted through telephone and instant messaging and i think over the years to come you will see more and more of that go electronic as both dealers and investors see the trading efficiency and cost electronically. >> clear to be the only way. that's why i'm sticking with you since we first met and a great invest ment and doing a terrifi job. founder, chairman and ceo of market access. great to have you back on the show. >> thanks, so much, jim. >> you think long term there is nobody better than this man. i've known him forever he's a moneymaker. "mad money" is back after the break. coming up, crew stocks

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sailing sooner than we know. the cdc refuses to lift the no sale order after the cruz lines have presented pretty rigorous safety plans including a vaccine requirement. last month the cdc rejected the cruise industry's calls to lift the no sale order. the regulators keep calling for a phased reopening the industry put out another call for a pasted resumption as quickly as possible and norwegian cruise line is holding the fastest growing operator went one step further and published a letter to the cdc with detailed proposals how that can cruise starting july 4th

they are basically daring the cdc to turn it in response to stocks shutout more than 7% they have the best performer in the s&p 500 after a move over the past six months. can this plan work let's check in with the president and ceo to hear about a safety proposal. welcome back to "mad money." >> jim, good to be with you, always. >> frank, i'm a little confused. i see people going to hotels traveling in airplanes and going to casinos when it comes to cruising, when it comes to the cruises, somehow the cdc says whoa i don't think these guys can do anything right. that's how i read it what do you do in response >> we read it the seame way. it's time to get back to cruising we have a solid plan the plan we put out to the cdc today is comprehensive it's robust. it is a corner stone, everyone on board will be vaccinated. plus we're going to incorporate

all the protocols that the health and safety panel put together so combined, it's ironclad, jim. i don't want to say i'm daring the cdc to do anything, but i want to hear any feedback that suggest that this is not the best way to come back and cruise again. i challenge you to tell me of another venue anywhere that has this kind of ironclad health and safety protocol in place not any building, not a casino, not a hotel, not a theme park, not an airplane, not your corner drugstore, not your grocery store, nowhere cruise ships will become the safest place on earth. >> frank, it not like -- correct me if i'm wrong there are no ships sailing and we have no data there are ships sailing outside this country where we have plenty of data nothing happened. >> my colleagues have done -- my

pi peers have done a fast tactic j -- fantastic job. several cruise lines in asia have been cruising with a lower prevalence of covid than anywhere else on land. they handled each one with grace, no cruise has been interrupted or cancelled midway. they handled them beautifully and that's without having vaccines on board. imagine how low the rate if any there will be on board a vessel is everybody is vaccinated look, we feel confident about this plan. i've said it many times, jim, i will not put the safety and health of any of our guests or crew of the communities we visit unless i am 100% sure we can deliver a health and safety environment. i won't put my 88-year-old mother who is in a wheelchair on board until that's the case and i believe this proposal we put

forth today in the cdc does that. >> frank, let me say, see if i can poke holes in it how about we don't vaccinate children so they will get on the ship and they could give people covid? >> look, at the beginning in order to create the confidence that all of us need that the cdc needs, our past guests, our travel agent partners, our suppliers and all of us, we want to start in the safest manner possible and that is no loopholes, everybody on board has to be vaccinated and over time, so look, jim, several things will happen over time over the next three, four, five months we see that there will be a vaccine for children pfizer has stated that for children 6 to 12 years old over time as many people get vaccinated in the u.s. and around the world, the prevalence will decrease. all the scientists tell us that. that is a universal conclusion and so this is not permanent

in fact, we don't want to have to dictate that everyone has to have a vaccine, but i think that's where society is going. the doctors, the sicientists, society believes the vaccine is the game changer and we agree. the cdc themselves stated last friday that vaccinated travelers at very low risk of traveling so they encouraged it and said they don't need a test. they don't need to be quarantined and we want to be treated just like every other travel tourism and hospitality sector out there and we have not been and we've been patient and working with the cdc but given the lower prevalence of cases and the cases do occur, the intensity of the disease is much lower. the vaccines are ramping up. 165 million americans have gotten at least one job. 4 million a day now growing to

likely 5 million a day in the next couple weeks. we're not asking to cruise today. we're asking the cdc to lift the conditional sail order effective july 4th that's three months from now, jim. think back three months ago -- >> what about the variants how about the variants >> i'm sorry. >> peopl variants the cdc is worried about. >> everything we hear from the scientists, not from the ceos but scientists is that the existing vaccines are effective against the variants remember three months ago when only a few thousand people in the u.s. were vaccinated >> right. >> today 165 million three months from now when we're asking to cruise again, everybody who will want a vaccine will be vaccinated the situation will be completely different and we have -- we're asking the cdc to look forward a little bit, not to look backwards. look, the guidelines that the cdc issued specifically for the cruise lines on friday, a couple

of hours after they said that the people can travel if they're vaccinated were deeply disappointed we want backwards. having three colors to figure out the ship status, we have four. >> before we least could somewhat understand what they were doing, after friday i simply had no idea what they were doing it just seemed like we'll confuse the picture, make it so anybody says they want to cruise, well, listen it's all on the cruise lines that are not doing the job that's nonsense. do you not have an unbelievable number of bookings i'm looking at the ocean 2023 sold out within one day. the 2022 bookings. let people cruise if they want to cruise. >> jim, what we're looking for is to work in the meaningful way with the cdc we want -- we think this is a perfect example of what a public private health partnership can look like president cdc could come to the table and talk us to, discuss with us what their

concerns are and let us tell you what our plans are let's come together. in terms of demand, jim, i said in the earnings call four or five weeks ago we're better booked for 2022 at this point of the booking cycle than we've ever been in our history including the record year of 2019 pen pent up demand is real in the cruise space 15 million americans didn't get to cruise last year. 30 million worldwide and by the time if the cdc lets me cruise july 4th, it will nearly have been 17 months 17 months. >> right. >> since we operated. >> how many -- are you able to take care of the air contact, the pressure rooms that go in the hallways, all of that fix snd. >> all fixed we spent tens of thousands of dollars to update the air filtration and built quarantines and increased the number of icu beds but quite frankly, given everyone is vaccinated you don't

need them because nobody will be that sick if they have covid on board. so we have done -- listen, i'll put the burden on anyone tell me what else we can do? >> that's where you are. >> if society is moving towards vaccination as a way to solve this problem, we just solved it. >> i agree with you. you've answered every single objective i can think of i don't know what they want at this point other than to say you can't cruise no matter what and that's what they're saying, frank. i'm glad you spoke up. this is the right thing to do. let's find out what they want. thank you for coming on "mad money." >> thank you, jim. guys, look, i've been skeptical but if they do everything, once people are vaccinated, what else is there what else do they want people should cruise we should let them thank you frank. president and ceo of norwegian cruise lines and the best

performer in the s&p today. >> announcer: coming up, is your investment in good hands one man is changing the way companies find the stewards who populate your portfolio and he goes off the tape with cramer. next

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in the past couple years wall street developed a cons conscience suddenly, the environment, social issues and when investors care, management has to care social aspects of climate change, corporate governance because high level decisions can be opaque so i want to look how

companies decide who will be on the board. a privately held executive search platform aiming to revolutionize the entire industry when a company wants to make a high level hire, they bring in a head hunter and find the right candidate and want to turn this into a continuous process. pay the manuel subscription and they help their clients work proactively to identify quality candidates even when they're not actively hiring that way you can have a deep bench of talent ready when you need it i'm intrigued. let's take a closer look with the founder and ceo of director research to learn more how he's shaking up the industry. welcome to "mad money." >> thanks for having me on the show. >> of course can you please contrast the old search process that includes a retainer fee of 150,000 one and done versus of what you're offering to companies? >> okay. so let's start with this, the lug legacy search industry is a profession that generates 5 to $6 billion it's organized but the top five

market and typically a search is expensive and incredibly inefficient and very reliant juggling 15 to 20 active searches at a time we saw an opportunity where technology and data can come together and we created a single platform that contains the data with the director, ceo and level one executive in every company of the world so you either are a director or aspiring to be one and we put that into a platform and made it available 24/7 equally to companies and candidates they now may look continuously for director candidates and executives way ahead of need. >> why would anyone still go with the old 150,000 one and

done search when they can start analyze k peing people they cant consider if they haven't seen them >> our platform gives boards assurance that every candidate who should be considered in fact is i mean, we're talking about planning the most important body of a corporation, the board of directors and you ask yourself did you go through director succession planning? do i have a level process that will assure a regular change of water so to speak as we go in and look at the director's ideally succeeding one each year why you would look at a one-time fee when you can have a subscription and the idea we make the data available to everybody equally and lower the cost dramatically of conducting the search. >> let me cut to the chase we have the situation in georgia where i think a lot of people

feel wait a second, major league baseball pulled out and coca-cola pulling out saying this law is no good and we goodellg good delta and a lot of companies. the boards look white to me. i mean, being one of the reasons because it's cronies the ceo knows someone they went to school with they don't think of people they've never seen before. what can you do to make it boards are more diverse? >> well, the first thing to do is to ask yourself who should we know and to get rid of the chums, mif you will, on the boards. >> right. >> the vast majority of directors are age 65 and older and you're right about the composition even with gender, jim. only 16% of the board members are female so there is a lot that we should do in terms of broadening the issue of diversity and inclusion and it

starts with equality of opportunity. you first need to be in a place where you can be considered. the platform is designed to do that there is no excuse anymore for someone to say gee, we didn't know about that person we're shifting the conversation in terms of board composition from what do we know to who should we know >> let me ask you, are there enough director jobs out there that directors search can make enough money to build a publicly traded company one day >> at the moment there is 272,000 directors in the world that direct about 49,000 companies. of those 272,000, 31,000 are age 70 and older and most sit on 1.5 ports. just think about that. in the u.s. the numbers are twice. so one in five directors in the united states are age 70 and

older. there is probably 45,000 searches that need to be done over the next two to five years in order to replace the directors who will retire due to age. >> that to me sounds like you're needing it and glad you brought it up. i've been on public boards where the ceo hires friends and i would love to be able to say how about hiring director research as a way to block the cronies because you need something that says wait a second, i think we ought to look at people we don't know. >> well, probably the most important aspect of the platform is that it brings to form a network of people that the board members may not know. >> right. >> and what we do is we present those but we establish the affiliation. so for each candidate, if he or she knows or is related to a board member, one or two levels

deep, we explain to the board how that works but we don't start with the premise of who do we know >> right. >> we'll end with the premises who do we know after we've gone through a proper vetting of the candidate. >> i think this is a very simatic way to be able to deal with these things. thank you, ken taylor, friend and ceo of director research making big changes, thank you, sir. >> have a good ervening. >> "mad money" is back after the break. just chill out. >> is this chill master j? >> the alcohchill man is in the house. he's happy the lightning round is coming up when "mad money" returns the lexus es, now available with all-wheel drive. this rain is bananas. lease the 2021 es 250 all-wheel drive for $339 a month for 39 months.

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it is time, it is time for the lightening round, buy, buy, buy, sell, sell, sell plain and simple and then the lightning round is over. are you ready ski daddy? let's start with andrew in new jersey, andrew >> caller: big south jersey philly boo-yah to you. >> there you go. give you gino's boo-yah. what is going on >> caller: thank you for the invaluable website my question is around someone you talked about and that's fsly i have a small position -- >> i like it i like it. it's caught up in the zoom, peloton, caught up in the z scaler it's regarded as a high multiple stock but i wouldn't sell here i think this one has room to run to the upside, maybe not all the way back but certainly the upside stanley in north carolina,

stanley? >> caller: chill man, what is going on >> not much. you tell me. >> caller: happy belated easter to you i wanted to ask about taijuan semi i've been on it for a little bit and i want to know what you've withi been thinking about it >> hottest in the world, taijuan semi has so many orders. buy at these levels. tim in new jersey, tim >> caller: greetings from louisville, new jersey, jim. >> what is going on? >> caller: i want your thoughts on an under the radar pandemic play a syringe company that announced revenue up 95% over 19 and had 1,000% increase. what are your thoughts on retractable technologies rbt >> they are -- look, they are going to get many, many orders because they have a retractable that makes sure you don't get stuck. that said, i think this stock

right now is not going to be working and i would not be a buyer of retractable let's go to martin in florida, martin >> caller: hey. >> martin, you're up. >> caller: how are you >> all right how about you? >> caller: doing well. goev. >> okay. this is a -- all right, still one more electrical vehicle play remember -- look, let's have them on the show this group has come very, very tough as you know and i have to just say right now there are other ways to make money that are easier how about trey in new york, trey >> caller: trey. yes. >> yes, this is chill, what's up, trey >> caller: yes how do you feel about the ev sector being that it's cooled off, neo >> it has to come down too much hot money in some of these. i recognize that that doesn't mean i don't like them i'm saying the stocks have gotten, the sellers are really

kind of everywhere let's go to john in new york, john >> caller: hey, jim, how are you doing? i've been following you since the kudlow and cramer days. >> that dates me. >> caller: forget jimmy chill. you should be called jimmy the ice man of equities because you never panic. >> no. that's what they used to call me had the hedge fund i have ice in my veins. >> caller: stay the course. >> what are we talking about >> caller: i'm baffled i hope the management knows what they're doing here plug power. >> i have to get them on that i have to come on before i say listen, the coast is clear i love hydrogen power but we got to find out what is going on and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade >> announcer: coming up, score

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welcome to acceptance. i kept telling you tech stocks

wouldn't be able to bottom until individual investors worked through denial, anger, bargaining, depression and acce acceptance now that we reached acceptance, that's how they snapped back how about a dramatic decline in participation. 35% drop off from traffic at robinhood alone with volumes less than half what they were in the hay day when game stop reigned supreme as those volumes were unusually gigantic. a day last week with volumes at levels close to the slowest days of last year, christmas eve and the day after thanksgiving that tells you this new class of individual investors may have been blown out accepted their defeat. yet, just as these young home gamers got their $1400 stimulus checks, they gave up on the market and the institutions have taken back control of stocks so what happened here some of it is wide spread belief the market is rigged in favor of the professionals who never get shutout the way robinhood shut individuals out of the game stop some of it is because their

favorite height growth names got crushed as the s&p 500 rallied in the first quarter creating a sense stocks were making money most of it is because many of these young people stuck in the same kind of stock, the fastest growers like snow flake or zoom or cannabis cohort or electric vehicle spacs all of which started getting hurt after relentless moves higher or maybe they bought game stop in the 300s or tesla in the 800s. sadly, the journal story quotes an individual investor saying he's not going to watch the stocks anymore he has confidence in them and he knows they will bounce back even though he has big unrealized losses that's what the acceptance stage looks like many stocks absolutely won't come back at least not to the levels we saw a couple months ago. those prices are out of reach because professional money managers moved onto the great reopening plays like the red hot industrials and transports and now today the fangs. you'll hear a lot more about how

this market has pivoted from growth to value but that frame work is incredibly misleading. we've had a rotation from secular growth stocks that can deliver good earnings and any environment or maybe great sales to cyclical growth stocks that can deliver great earnings but only when the economy is booming. industrials can be considered value stocks here. the banks are cheap but not compared to where they were a year ago what crushed these individual investors wasn't a rotation from growth to value. it was a lack of diversification. they only owned two kinds of stocks, the mean plays and the richest tech stocks with the tech concentrated in tesla and it's i'mmitation hopefully tesla can bring stocks back this is why i'm always preaching the importance of that plain old boring word diversification. you need to know more than just the go go stocks if you have staying power in the business because when the go go stocks fall apart it happens fast you also need some boring

stocks, pedestrian businesses like financials or retailers, the rails. these stocks have little appeal to the robinhood crowd because brokers aren't educating them. a lot of these places offer no help and pros have no insensitive to help. look and take losses so they can diversify by swapping to other groups i hesitate to say anything critical about the wall street bets but the hand full of gamestop and amc did no one favors how about new names, guys? now stories, good ones to make us money so we can dig in and learn about them help us. of course, it's not too late for the rest of the market more sell offs in the fang and semi conductor rebound you can sell something now and put that money to work on weakness or you can switch over to an index fund if you don't have the time to pick out a portfolio. don't put the statement in the drawer i'm begging you not to wait for the former market darlings to come all the way back.

i guarantee there is a better use for your money for parks considered too expensive now that the economy is reopening and the institutions say there are better fish to fry i'd like to say there is 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 tomorrow the"the news with shepard smith starts now ♪ ♪ strip away what you don't want, like added sugars and preservatives, and what's left is the good stuff. the real fruit and vegetable juices of naked. strip down to naked. how great is it that we get to tell everybody how liberty mutual customizes your car insurance the real fruit and vegetable juices of naked. so you only pay for what you need? i mean it... uh-oh, sorry... oh... what? i'm an emu! no, buddy! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪