operator love the acquisition in the cro space and they're sand bagging with $125 million of synergy 12k3w4rz . >> guy >> hope elon musk doesn't at us. oracle >> 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 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 a little money it's my job, not just to entertain but to teach, educate. call me, 1-800-743-cnbc. or tweet me @jimcramer listen to me throw out your economic textbooks. trash the stock treatises.

ban the bond histories they don't matter anymore. everything we thought we knew is wrong, or at least that's what today's action was saying. [ buzzer ] with the dow gaining 305 point, the s&p jumping 1.11% and the nasdaq pulling 1.13% what's so unnerveg about that, about the tape simple the dow jones industrial averages hit a new high right as interest rates cratered. the dow's most cyclical of the major indices. when it breaks records, that means the economy is supposed to be booming, correct? and when the economy is booming with strong inflation, interest rates are supposed to surge, not collapse like they did today you can't have a boom and a bust at the exact same time, can you? today, until today, i would have said that's impossible see, i am expecting a boom, something i find more confirmation of every day. this morning i interviewed ed

bastioner, ceo of delta. and he agreed with me that we could be on the cusp of the greatest boom in american history. unlike me, ed's not given to insane or some would say inane hyperbole. suddenly the bond market is behaving as though a boom is not only not in the cards, but maybe a huge slowdown is so what's real what's fake? are we looking at a roaring '20s scenario or will we soon be dead in the water in other words, is it time to rotate out of the industrials and swap into something more defensive, something like the most hated group in the entire market, something like health care surely they can't both be right, or can they? before i get into this dilemma, i know many of you couldn't care less if you only focused on electric vehicles or maybe crypt stow currency or game stop, the idea that interest rates could plunge while everyone is fretting about

inflation, that's a real nonissue for you these people are single issue investors. you know single issue voters only care about gun control or taxes and ignore engverything else a single issue investor only caring their own stock but for professionals who collectively run trillions of dollars, the money men and women whose whims pretty much set stock prices, that's what they did. >> buy, buy, buy. >> sell, sell, sell! >> the scenario that played out today is simply not supposed to happen you can't have copper, oil, lumber, plastic, freight all roaring while interest rates are dropping like an anvil at the empire state building. when we get this bizarro confluence, a monsoon in the stock market desert, it's because a left for dead sector made a remarkable comeback i'm talking about health care which somehow became the cheapest group in the market right in the middle of the

pandemic and versus its history, it's incredibly cheap. this cohort has fallen so out of favor that it finally represented an enormous value. it was just waiting for the single to move and the single, what happened? given how monumental that move was, i bet it's far from over. yet the dow hit a new high based on strength in health care not the cyclicals. first, though, it set the scene. for most of last year, the stay at home stocks roared while the go about your business stocks wallowed but once we realized that pfizer moderna vaccines were right around the corner last november, the great reopening stocks took off, and they haven't looked back since all sorts of experts like to come on tv and frame this as a tug-of-war between growth stocks and value stocks how many times have you heard that, right? with value roaring over the last six months, but you know what? i think they're being whifflely obtuse, not unlike the warden in

shaw shawshank value stocks are only value stocks when they're cheap. it's not about growth versus value. [ booing ] it's about secular growth companies that can thrive in a weak economy versus cyclical growers that only do well when the economy is on fire we didn't have the rotation into value, for heaven's sake we have rotation of the cyclicals. the secular growth stocks, well, they've been crushed but today that move stopped in its tracks money rotated back into the newly beaten down tech stocks, yes. and the real high growers. but it really rushed into the health care names. yeah, health care. the most forlorn sector punished endlessly, to the point where even pfizer, a fabulous company, good yield that's making a fortune from covid vaccines had been in retreat. it didn't matter the group was out of style in the wall street fashion show

at least it was until today. yes, today the health care cohort, wow! aided by -- really all started in the morning excellent earnings from united health yeah, unh, the insurance provider which happens to be a component in the dow jones industrial average on top of that, this is something that just shocked me elliott management, the brilliant activist hedge fund, it turns out that they've been building a significant stake in glaxosmithkline. both stocks jumped about 4%. gsk, wow any way, the high spirits e extended to the downtrodden eli lilly, where shareholders, including my charitable trust, have suffered immeasurably, the pain, the pain from the vicious panning of the company's alzheimer's drug the rally also ignighted regeneron, which has a terrific treatment for severe covid that helps get people out of the hospital faster. remember, this is what they gave

trump. somehow neither the cdc nor the nih has gotten behind regeneron's terrific job i think this is total negligence by the u.s. government the governor of the besieged state of michigan gretchen widmer painted its praises in a speech yesterday, giving the stock new life cdc, nih, will you stop putting the hate on regeneron? medical stocks all rallied hard today. how hard even the beleaguered johnson & johnson managed to go up now the market didn't overlook the fact that we got some blowout retail sales numbers, allowing retailers to roar and because interest rates went down signaling lower infection, the secular growth stocks that we all know and love, twilio, okta, they just soar that's what happens when interest rates go down big on the other hand, the banks gave up the ghost, not because they put up bad numbers, but numbers are real good one, that one later, but because the smart money was betting that fed chief

powell would have to raise rates to combat inflation. that's such a cliche and good news for the banks. but when you see bond yields plummeting, that suggests those rate hikes may not be coming any time soon. to the banks can just get viciously pummelled. where do i come out? i still believe jay powell is right. the current bout of inflation means interest rates can keep falling. when nearly everyone is betting the same way like everyone thought how rates were headed higher when they came in today, the market tends to make them look like knuckleheads so i'm calling today a real knucklehead day. or to put it another way, i think the left behind health care stocks are now coming back to life at the expense of the cyclical growth plays. and you should grab one before they take off. buy, buy, buy! bottom line, the health care cohort has wandered in the desert long enough, and they're now surfing the dow jones river. take it to new height, eaven as

they were supposed to be drowning in the deep, never to be seen again. i say we take calls. say we go to gisela in florida gisela gisela you know what? i think -- as much as i love gisela and think she is fabulous, we should go to frances in new jersey. >> caller: boo-yah from new jersey even though i'm not sure that means. >> yes no one is. it's just been used for 16 years. if you can figure it out, let me know >> caller: in january, the chairman of grand pack was on your show. he talked about his company's efforts to reduce environmental impact by replacing petrochemical packaging. >> yes >> caller: he was looking at sustainable properties like paper. so we support that effort and we bought the stock. >> yes

>> caller: but it's not really going anywhere >> well -- frances, i -- i hate to ever dispute a fellow new jerseyian, but it is up 40% for the year 40% is pretty good it's obviously not as good as bitcoin. but then again, it's actually something that's good. any way, thank you the left behind health care stocks are now coming back to life at the expense of the much beloved until today secular growth plays and the cyclical growth plays, i got to tell you, they're going to be benched from more health care for a couple of days or two. you got get one. pick one i like eli lilly because everybody hates it on "mad money" tonight, imagine waking up, brushing your teeth, and quickly swabbing your nose or where your tonsils used to be to test for the coronavirus, whether you feel sick or not this reality just got closer as the fda approved two rapid antigen tests to be sold over the counter. i'm positive, and not falsely.

i'm going to talk with dr. michael mitta about what it means. and energy seasons kicked off with big banks reporting i'll parse through the numbers and tell you what really happened and give me an a, give me an e, george floyd a me an o it's one of the hottest stocks and the ceo joins me tonight super-duper exclusive and that's the ceo of american eagle outfitters >> don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an email at madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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we've done a great job of getting people vaccinated in this country but we're not out of the woods yet, weapon the j&j vaccine on hold until we figure out this blood clotting issue only about a quarter of the population has been fully vaccinated we've got these crazy new covid variants flying all over the place, and people are starting to lower their guard there are now places all over the world where new cases are exploding, including our own michigan this is why we spent the past year pushing for more widespread testing, especially in the cheap rapid antigen test, the ones you can take at home it's not too late to roll out mass testing as we head towards one last severe outbreak do not take it from me let's check in with our favorite public health expert, dr. michael mittal he is a professor of harvard's th chan school of public health to get a clear picture on the pandemic dr. mittal, welcome back to "mad money." >> thanks very much. happy to be here

>> all right, so, doc, yesterday 75,267 cases of covid in this country. 932 people died. does that have to happen >> this doesn't need to be happening. we continue to focus exclusively essentially on the vaccines, and that's important, absolutely but we have had for months and months now since the middle of last year other options on the table as you've mentioned. frequent use of rapid tests, which themselves can help to stop the spread of outbreaks and stop them from becoming outbreaks and continuing to spread across this country >> well, i have -- you were kind enough to send me a step by step guide for covid self-testing this was a british document. you sent me a bunch of them. i do it every morning. i want to be sure i'm not going get anybody sick

why don't corporations do this because if they did it, holy cow, things would calm down massively. >> well, many, many companies around the world are starting to do this. many governments are actually starting to use frequent testing as a means out of this pandemic. in the united states, we've been quite slow to get these types of tests authorized we've been overly cautious about potentially putting a frequent test in people's homes we should have been able to make these accessible and available to all americans many months ago. these are simple to use tests. there is a whole plethora of different kinds of these tests that are available across the world. and the u.s. just needs to really start thinking through other means to keep this virus under control besides a sole focus on the vaccine, which as we know is working, but it's not going to be an immediate overnight solution here. >> now, i do know that

coronavirus update, the fda continues to advance over-the-counter and other screening test developments. we're there. will i be able to go to cvs or walgreens and finally pick up a very low cost test that i can test myself every day? >> so the fda did after all this time, they actually did authorize two tests for two of these really inexpensive rapid tests for over-the-counter use one was the avid test and one was the quidell. i don't work for abbott, but i have one of these boxes here this is what they look like. so i think people can start to think about how to potentially -- you know, that they'll be able to go to the store and actually pick up some of these tests and be able to purchase them right there on the shelf and bring them home and use them that will happen but what we need to happen first is we need to scale up the availability very much we also need to ideally have the government subsidize the cost so that the average american isn't paying much money for these

tests and can actually use them on a frequent basis. >> how about this great city citicorp initiative. that seems to be another way where we could make some progress >> america's companies are wanting to really push this forward, because they want the get their businesses back in session safely and so the companies like citibank are really looking at how does america, how does our industrial complex essentially bring employees back into the office safely even when transmission is ongoing. that is a study to assess whether or not these simple rapid tests can work in people's homes. and so citibank employees are using the tests every monday, wednesday and friday and if they're positive, they don't go to work and ideally, this approach is going to stop spread in the workplace. >> well, look, i got to tell you, dr. mittal, you've been

spot-on this whole way we would have just, if our country listened to you, i have to tell you, there would be just such a different profile against this llness. i want to thank you for coming on that's dr. michael mina, assistant professor of epidemiology who has taught me more than anyone else about this pandemic thank you so much, doctor, for coming on "mad money." >> absolutely. >> "mad money" is back after the break. coming up, don't be overwhelmed by the torrent of ten fugues cramer navigates earnings season, next

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did you know that petco, don't get mad. is now a health and wellness company? their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room. great idea. ♪ ♪ petco. the health and wellness company. ♪ earnings season kicked into gear yesterday with the usual tripper header big banks that's jp morgan, goldman sachs, and wells fargo. and then today we got more calls

from bank of america and citigroup. these tend to set the tone for the rest of the entire reporting period and this time i was worried because the financials had run so much over the past six months but man, the numbers were really good i mean fantastic goldman shot the lights out. with the best quarter of the bunch. jp morgan gave magnificent results. even if the market reacted harshly, sending the stock down nearly 2%. i think the sellers got that way wrong. and while wells fargo's quarter was really okay, nobody expected anything great from the worst of the big banks, which is why that stock jumped 5.5% on the news. again, i was pretty worried about this coming earnings season, but they delivered, taking that concern off the table. so what do we do let's take them one by one, figure them out, starting with goldman sachs. this stock only rallied 2% yesterday, and i think that's actually a little ridiculous as chris from opko said, goldman had a pretty good year this

quarter. ba dum bump. i'm bringing back the old name i'm calling them golden slacks these guys had record revenues, more than double what they had last year, and up 44% from the previous quarter even better, goldman racked up record earnings 18.66 per share. wall street was only looking for dead bucks and change. give me a break that is a staggering beat. their annualized return came in at 31%, highest levels since 2009 a lot of people felt they could never do more than 10% when you drill down, goldman isn't firing on all cylinders. the investment banking business is booming record backlog of ipos, merger advisories it's all terrific. golden markets from golden slacks division is booming strength in cross equities as well as fixed income, currencies and commodities. management just on fire. record net revenues from

consumer and wealth management, yep, booming another record quarter what more can i say? before the quarter, analysts were expecting goldman to earn $44.22 this year now they're thinking about $41.29 so figure this out even with the stock at 339, it could have a lot more upside if it traded at ten times earnings. this would be a $413 stock, ten times earnings this is a premier investment bank i'm betting that is where it's headed, especially now that goldman is allowed to buy back st stock. next up, a healthy dividend boost if the regulators let them have it? the window for insider sales is right about now. be careful the stock drops, but that will be your opportunity. buy, buy, buy! >> next, jp morgan, the largest bank in north america. this was the second best report although the market seemed to disagree and investors sold the news but make no mistake, the numbers were fantastic they delivered $33 billion from

managed revenue, up 14% year-over-year when wall street was only looking for 28.5 billion jp morgan earned $4.50 per share. that's up 477% versus last year. up 19% from the previous quarter. the analysts were only looking for $2.77. you know, i call that a 62% beat the big sources of strength here were corporate and investment banking as well as asset management two divisions where there is a lot of overlap with something like goldman so why did this stock sell off here is the thing. unlike goldman, jp morgan is pretty much evenly split between ordinary banking and investment banking. but the ordinary banking numbers carry more weight because they're less volatile. the vast bulk of this beat came from investment banking, though, along with $5.2 billion reserve. it's one off plus, there was some softness on the traditional banking side yeah, loan growth was tepid. jp morgan firm wide net income

better than expected while average loans to the consumer and community banking actually, they declined 7% year-over-year as americans continue to clean up their personal balance sheets they don't need loans. they're flush. my view, i'm not particularly worried about the softer numbers at all in part because debit and credit sales were up 9% more importantly, though, while the banks would benefit, they've got a pretty good situation right now. low short-term rates, coupled with long-term raising rates, meaningful except for today. meaning they can pay you next to nothing for your deposits and then get bigger risks from your return from the u.s. treasuries. i've got to tell you this one's on sale you got to buy it. the fabulous investment banking numbers, they're not just going to vanish overnight for heaven's sake there is really not much episodic here. i think the pullback from jp morgan stock is a buying opportunity plain and simple and clearly somebody agrees because the stock started rebounding today jp morgan, i'm pounding the table. how about wells fargo, which gave the worst quarter yesterday but paradoxically had the best

performing stock, up more than 5% when i say worst, they still delivered a 35 cent earning with expected sales of 2% versus last year when you drill down here, though, these results were far from perfect now wells had some truly ugly average loan numbers down 8% in consumer banking, down 19% commercial bank. even down 5% in corporate investment banking remember, jp morgan, the investment banking business was fabulous but traditional banking was a lot less impressive? wells fargo is predominantly an old-fashioned consumer bank and a worse one than jp morgan the addition of a big chunk of earnings came from the release of $1.6 billion in reserves. that's what these companies can dole this things are better. they know they needed them to cover loan losses. that's a one-off and their expenses remain stubbornly high. i'm very surprised but wells fargo stock roared yesterday because this is viewed as more of a turnaround story than a banking story, which is why we actually own it for my

charitable trust, which you can follow along by joining the club it's a better buy than jp morgan because the expectation are much lower for wells. and yesterday they absolutely cleared that low bar 18 months ago, charlie shore, a banking veteran, tough guy, took over as ceo, and he is doing everything in his power to right the ship he doesn't need to deliver perfect numbers yet. he just needs to show his investors that he is making progress, and that's exactly what he did. there is so much more room here to make money. charlie knows that finally, let's talk bank of america and citigroup, the two that reported this morning both stocks got hit today, but that has more to do with the curious decline in interest rates. i say curious, because that's normally what you would expect when we have great jobless claims number and fantastic retail sales citigroup a nice surprise, although the beat came from massive $3.9 billion reserve there is that thing again. this is the kind of one-off pause that nobody seems to be getting much credit for. just like the banks reported

yesterday, citi's got a lot of strength in the banking side but the consumer side was a lot less impressive. what matters here? first, the company is making a push into asset management, especially overseas. it's got a strong brand overseas smart move the administration was stanley better than expected, something we had been hoping for they're shutting down a lot of money losing geographies, something only a brand-new ceo jane frasier can really do if i had to rank this quarter, i would put it right below jp morgan's last but not least, let's talk about one i really liked that didn't get any respect at all. bank of america. i don't know if you saw them, i thought was pretty good, will from sarah, the closing bell it got the worst reaction from the market i'm going to say that the market is wrong it tumbled nearly 3% today i thought it was insulting even though they posted a top and bottom line beat like everyone else, i mean it was good bank of america has the most rising interest rates, though, because they have the enormous

deposit base and not much of an investment banking business, or at least this quarter. but their net interest 16% and then treasury yields got hammered today hence the sell-off that's it. there was nothing particularly surprising in the quarter itself do not despair if we get a couple of rate hikes, this is the one to own. and we're going get it eventually put it away. don't sell one less thing to worry about now that earnings season has gotten rolling the banks are doing pretty darn good, even if the stocks don't necessarily reflect that fact. i am still bullish on the financial, especially investment banks like golden slacks and wells fargo. after these numbers, the banks have gotten dirt cheap believe me, they will not stay that way i'm thinking of going to zack in virginia zack >> caller: what's up, jim. i want to start with a big boo-yah. >> i like that that's a good way to bring things out what's happening

>> caller: oh, not much. i'm calling about swear, ticker sq i have a position in it. and i'm looking possibly to add some more because i think not only did it get a boost from bitcoin, but i also see it as a nice reopening stock so my question to you is should i buy some more or should i jump ship >> man, you got horse sense. you asked me what to do with it, i would say it's got that bitcoin that is just unbelievable in their square app. and then it's got the -- it is a great reopening story. i think it's going to have stan substantially better than expected earnings. i want you to buy more i rarely say that after such a big run. and also of course boo-yah i'm bullish on the financials. i know it didn't look like it today today, but today was wrong. the banks have gotten dirt cheap and they won't stay they with a. even though the stocks went up, the earnings went up much more hey, much more "mad money" ahead. american eagle outfitters has

the hottest retail concept in the mall, and the mall is not dead ceo joins me tonight to talk about it in a very rare interview. don't miss my exclusive. then bitcoin, nft, ethereum, they're creating plenty of buzz in the market, but how important are they really? give you my take and all your calls in tonight's rapid-fire edition of the "lightning round." so stay with cramer.

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i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room. great idea. ♪ ♪ petco. the health and wellness company.

♪ last night american eagle outfitters preannounced some incredibly strong results for the first quarter, which still has two weeks left

ahead of their appearance at the jp morgan retail roundup conference today, and that's the big conference for retail. we've been following this teen apparel chain ever since last summer when my favorite retail analyst matthew boss over at jp morgan started pushing it as part of his lag trade. that's l brands, american eagle outfitters and gap that's why i started recommending american eagle outfitters six months ago. since then it surged to 34 bucks. after the numbers we saw last night, it isn't done i think it's got more. first quarter revenues should exceed $1 billion. that's up substantially versus the first quarter of 2019. yes, and that is the closest precovid comparison. even better, operating income has more than doubled over the same period. no wonder the stock jumped 4% today. i think we should take a closer look with jay schottenstein. he is the executive chairman and ceo of american eagle outfitters so exciting. to hear more about this preannouncement, mr.

schottenstein, congratulations on the results welcome to "mad money," and how did you do it? >> well, jim, thank you for that we did it for the past -- we've been doing it for the past like year our people have been very focused. our stores have been a very welcoming place. when you good in our store, you feel safe to shop. many of the consumers love shopping in our store. they feel safe our merchandise is right we've been on target you look at the hottest store in the country right now. we only have 26 consecutive quarters of double-digit comps we're about to have our 27th quarter, which may be closer to triple-digit comps and meanwhile, american eagle is the number one brand for 15 to 25-year-olds for denim, number one for ladies for denim, and number three for men for denim we've been doing it a long period of time

>> well, let me ask you, a lot of people say the mall is dead these numbers are better than almost every direct to consumer catalog, stay at home, web how are you able to buck that trend or are all the rumors of the demise of the mall completely false >> the mall's not dead the mall is still alive. it's just right now people are still going and shopping, but people have to be careful. in our stores, like i said a second ago, we practice proper protocol we're operating, it's amazing, the sales we're doing. like this quarter, you know all the store ss are coping and we'e doing it at a 50% capacity we're very excited about the future of the mall and we think when things get better and the pandemic goes away -- we're still in the pandemic -- but when it goes away, we could be looking at the roaring '20s

>> oh my you're the -- you and i are totally in sync. that's exactly what i said to ed bastian from delta today this is the roaring '20s one thing i don't think people understand, the denim cycle. we had levi's on recently. the denim cycle is most powerful i've ever seen, jay. >> well, we're so excited about the denim cycle because we are -- we've been pushing down for since 1992 and like i said a second ago, we're the number one brand for the 15 to 25-year-olds we're the number one for ladies denim. and with all the silhouette changes going, we think we'll get the biggest benefit of it. so we're very excited about it >> all right let's talk about the brand that my kids love my kids are in their 20s they're not teenagers. airy, jammies. well, that's what my daughter calls them

leisure wear, stuff that they can hang out in, but also go out. i mean, this brand which is probably unknown to many of our viewers, you've got to give us a little explanation of how this is right now i think the most powerful brand in all of apparel. >> in f you look at her name ari, we were one of the architects of the body positivity movement. we were the first retailer to not touch up the models. we have a team that's led by jen foyle who are so dedicated to this brand, they are the brand they live it they breathe it. they think it. and it's real. we -- we encourage people to feel good about themselves to be optimistic and to have self-love. and the team is really focused

i mean you know, part we have a new line called offline. it's offline by ari, which is going to be in the athleisure area and we have certain lanes right now, we can't keep them in stock. as soon as they come in, they go right out. as a matter of fact, it's amazing these lanes have gone so fast that we get 40, 50,000 a week shipping monday from overseas they arrive thursday in a distribution center. by saturday they'll be in the customer's home and never even hit the store. >> wow well, look, jay, i got to congratulate you this. is stunning. and i love why i think the idea of no pressure, i think the idea of which my kids like. my kids just like it and it feels like it fits and makes them feel great. and that is something that you've done that few others have accomplished jay schottenstein, chairman and ceo of american eagle. congratulations on just an amazing couple of years, not just a quarter >> thank you >> thank you "mad money" is back after the break.

just chill out >> the chill master j. >> the chillman is in the house. he is happy. >> the "lightning round" is coming up, when "mad money" returns. 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. intuit quickbooks helps small businesses be more successful with payments, payroll, and banking. did you know that petco, is now a health and wellness company? their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room. great idea. ♪ ♪

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they were small retail-targeted transactions. now, it's over 200 billion dollars a year in issuance. we've seen a full spectrum of projects being supported by green and sustainability bond transactions. everything from more energy- efficient ice cream cabinets, to better forestry and farming, through to developing affordable and social housing. the bond market is a natural home for sustainability. buying green bonds is not just doing good, it's good business. i am navindu katugampola and we are morgan stanley. business, it's good business. you can turn your frontline reps into bottom-line superheroes. (keyboard taps) (bubble pops) now, his emails always strike the right tone.

- [crowd] hooray! - [diana] learn more, at grammarly.com/business. keeping your oysters business growing - has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo "lightning round" is sponsored by td ameritrade it is time, it's time for the "lightning round." >> buy, buy, buy [ buzzer ] >> and then the "lightning round" is over are you ready, skee-daddy? time for the "lightning round. oh my -- gisela in florida, gisela >> caller: hey, cramer

how's it going >> couldn't be better. how with you >> caller: good, good. finally got on so here we go. my big question. my family invested in some jetblue when it was at its lowest, and now it's been oscillating between the 20s and 21s for some time. we sold some off, but we still own some do you think that we should sell the rest that we have, or is there a chance that it could reach a new high in the summer when everyone feels confident with the vaccinations and starts flying again >> gisela, listen to me. this is the halcyon moment for jetblue. i want you to own it and if it went down even $2, i would -- >> buy, buy, buy >> buy more. how about we go to ed in texas now. ed >> caller: yeeha, jimmy, how is it going >> i like that chillman has been fighting with the people in the mentions column not. what's going on? >> caller: hey, i got a stock.

it's got a pretty low p ratio, a good dividend, and it's been exploding ever since the pandemic started i wanted to see what you thought about big lots, ticker symbol big. >> big lots is not as bad as it used to be, which in this market is high praise it's a buy gary in illinois, gary >> caller: yeah, hi, jim i bought jmia at $60 per share and it's now around $34. do i dollar cost average or what do you recommend >> no, no, no. i'm not a fan. you got to go to another money, maybe angry money, crazy money but "mad money" does not like joom yet it's a cut loss situation. i am not done. lydell in mississippi, died legal? >> caller: how you, mr. cramer i am calling about -- >> i am doing well boo-yah to you this stock is going down along with all the specks.

i like latinski. i know this is a bad day for the group. let me give you a two fer. we need right now jagdeep singh on because they trade and they're trading bad. need more information. i need to go to bob in maryland. bob? >> caller: well, mr. cramer, it's good to talk with you, and i want to thank you for being so generous in sharing your insights >> thank you, man. thank you. >> caller: an testing company called neo general momic >> after today's thermofisher and markas expert, none smarter, i'd like to have them on air, particularly because they're from ft. myers, florida. one of my absolute favorite towns. yes, i like knee joe genome.

>> chris >> caller: what's up >> not much. how about you? >> caller: not much. what's your opinion on old republic ori? >> all right now no one has asked me about old republic i think in the 37 years i've been doing the show, and it is a -- it's really 16. it is a great company. absolutely great i'm it's god a good yield, good balance sheet. >> buy, buy, buy, buy, buy, buy! >> you've got a keeper there, my friend i'm going to dave in ohio. mr. chillman, how you doing? >> chilling, chilling, chilling. cleveland, john rockefeller was from euclid avenue. go ahead. >> caller: not for long, though. so utility stock, but a hit causing a one-time adverse materials billion. the stock have istra corp.

my friend, my friend, you are so close to american electric power and you come with vistra corp. you're going adp that is the conclusion of the "lightning round." >> the "lightning round" is >> the "lightning round" is sponsored by td ameritrade ♪♪ ♪♪

♪ are we living in interesting times? dangerous times? encouraging times? ridiculous times

[ buzzer ] how about just the times we keep trying to characterize this moment, to judge it by the standards of the past, because we see so much strangeness day after day. believe me, i get it we have people trying to put prices on things that didn't exist. think nonrefundable tokens others with messianic zeal, pointing at things that are huge like bitcoin and telling us the rally has only just begun. there are signs that inflation is raging with lumber and copper prices roaring we have housing prices through the roof retail sales are booming, up nearly 10% last month. and we just got the lowest jobless claims numbers since the pandemic hit, sending the dow and the s&p to new highs doesn't that mean that fed chief extra powell will be forced to slam on the brakes to prevent the economy from overheating and inflation taking off as i said at the top, that's increasingly becoming the consensus view, at least in the media and to a slightly lesser

extent, wall street as well. there is a sense that everything has gone completely crazy, hey war. >> hallelujah! sell, sell, sell >> and this will all end in tears. when i hear those worries, i want the take the other side of the trade. why? first off, only about half of americans even own some stock, right? i mean some way, shape or form many of these keep these holdings locked up in their 401(k)s. that means the rally hasn't impacted most people they either don't have stocks or they're buying and holding investors who never take profits. so higher stock prices really aren't particularly inflationary let's stop kidding ourselves about crypto currency. we don't know how much money is really in krimt toe right now, but we do know it's concentrated in very few hands. again, not that inflationary third, nonfungible tokens are still tiny they just get a lot of air time because they're fun to talk about. i was involved recently in an auction for "time" magazine cover. it was the fabled "is god dead"

issue from april 6, 1966 i decided as an experiment and i had to go to my coin-based wallet and buy some ethereum, because they wanted it to be in ethereum and bid for the rights of the cover not the commercial rights, just an easily copied image that happened to have a digital serial number. i put in a bid at 20 grand worth of ethereum. for a long time it looked like i was about to get it. but right at the end someone else came in with 100 grand of ethereum is that iconic nft is really worth? why not 30 grand how about 140 grand? or as my wife lisa said, how about nothing? she was horrified as i bid 20 grand for what, exactly? if you can't use it, if there is exclusivity, what is the point other to say it has chain block or whatever? i tried to explain, look, if i had gotten that nft at 20 grand, i might have been able to flip to it a guy who wanted to pay

100 grand. of course, if anybody said to me about a stock, i'd read them the riot act what if you buy it and it does nothing or goes down the whole thing is an exercise in greater fool theory less nonfungible tokens than nonfungible tulips, right? kind of true nonfungible tulips i'm wrong. have you seen the tulips that just came up in the last couple of days? like that "time" magazine cover, they're priceless. [ gunshot but let's step back for a second what matter here is that nfts are so small with so few people involved they have virtually no impact on anything this is really fun to talk about. and honestly, that captures this moment in a nutshell there is a lot of stuff that is very exciting, but very little that has much to do with the real economy. i am tempted to invoke with beth here the whole crypto stories a tale told by a meme full of sound and fury sig fight

nothing. and i say that as somebody who likes crypto you know what's not sighnifying nothing? how about the real economy there are 7.9 million americans counted as employed than there were before the pandemic 7.9. the unemployment rate remains almost double where it was at the beginning of last year only about a quarter of americans have been fully vaccinated a little more than a third have got at least one dose. that number won't be going up as fast as we'd hoped because of this odd pause for the j&j vaccine. those numbers, well, they're what really matters, not the bitcoin or ethereum or nft rallies, or even the gains in the s&p 500. everything else is, well, it's a well contained sideshow. there is no speculative mania. there simply a series of exciting developments. but those developments aren't putting people to work, or even creating anything aside from carbon emissions in short, it's a big mistake to worry about irrational exuberance from this stuff until a lot more people have been put

to work, and we just aren't there yet. and we should stop pretending that these paper gains are putting real dinner on the table for millions of struggling americans. i like to say there is always a bull market somewhere. i promise to try to find it just for you right body cam video released in chicago. a 13-year-old boy shot and killed by police i'm shepard smith, this is the news on cnbc simply put, we failed adam. >> the city's mayor calling for calm as she addresses chicago's history of violence that's taking lives >> we've got to do things differently. >> the then cop who shot daunte wright makes her first appearance in court as the victim's mother grieves. >> there's never going to be justice for us the defendant speaks in court. >> have you made a decision today whether you intend to