appear bad spabs ipoe that's a good spac. you buy it into the low teens. >> guy >> nasdaq in earnings on wednesday. >> all right thanks for watching fast see you back here tomorrow at 5:00 mad money with jim cramer starts right now. >> pie mission is simple, to make you money, i'm here to level the playing field furor al 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 trying to make you money. my job not just to entertain but educate and teach you. call me or tweet me @jimcramer listen up, we got two markets here that's right w

what we've got is. >> the house of pain. >> the house of pleasure. >> the house of pleasure has walls made of traditional stocks that hold up under scrutiny but the house of pain has been falling apart and today, the the walls came tumbling down dow sinking 123 points, s&p losing and nasdaq tumbling .98% where the house of pain resides. we got the market made up of the old-timers who know how the business cycle works when the economy is accelerating, they have a host of stocks to buy and the good old fashioned cyclical as the economy reopens these are the stocks that have driven the market to new highs they're the stocks of the roaring '20s, the boom stocks. the ones you have to own as the world goes back to normal. well, then you have the second market oh, that second market the one that's dominated by the

younger cohort drown in by no commission trading and easy to use robinhood app and exciting stocks that made people feel, well, let's just say we'll get the next tesla all right. the old school players own stocks that the second has never heard of they own emmerson electric i mean, those names mean nothing to the younger crowd they wouldn't know a honeywell if it hit them over the head they would rather slit their own thoughts than own j.p. morgan or wells fargo. too boring yet, that's exactly what is working lately up fo unfortunately, what is working means nothing to the generation of investors they want excitement excitement is great when your favorite stocks go higher but a nightmare when things go bad and things are going all bad for this group generally speaking, this is a strong market with lots of fabulous winners and the average with a new high.

happy days are here. i talk about it every night. there are stunningly bad losers and they tend to be owned by who? the newcomers. i want to spend time on the furniture, the tables and chairs that we discover when we walk into this house of excruciating pain who do we see first? we see tesla yes, here is a stock that had been going up on a straight line until january. hey, did you know this did you know tesla is basically unchanged for 2021 tesla. sliding ever lower after the peak when it joined the s&p 500. seasoned investors know not to chase stocks up huge when you have a big gain. you ring the register but navest traders can't exist. you have to sell the news, not buy it again, until a few months ago, tesla was the greatest stock story told up 1,200% this is the stuff dreams are made of. tesla's incredible run, the run brought in legions of young

investors. they bought the stock but no, they were never happy with just the stock, right they had to buy the call options two and get more leverage and b borrow money some of the firms don't let you borrow call options work great when stocks are soaring but when stocks stagnate or go lower, there is nothing worse especially the out of money or let's say the -- well, the in the money, at the money, oh my, they all got worthless because tesla has stopped going up now, some of that is because the sector rotation with money managers swapping out a fast growing stock for the boom and bust cyclical and it doesn't help the news flow on tesla is suboptimal we had a terrible accident that left two people dead because there were nobody at the wheel seems like you can't blame tesla, seems like the driver,

fon non-driver tesla is in the dog house. you have the lockdown stocks that benefit from the pandemic lots of investors fell in love with zoom. it plunged from 588 to 324 third, they love the cruise stocks, which is great those got crushed. down, the balance sheet is bad and worked like a charm because the stocks were over sold. now the cruise lines are stalled with the cdc that seems determined, i think, to put them out of business. now, that may not sound too bad, but when a stock stalls out, the people who own call options get their guts ripped out. you own calls on the cruise ships, you have been gaffed. fourth, the most devastating wing of the house of pain, the spacs. so many people chase these electric vehicle spac plays to find the next tesla and maybe some will be gems but for now it's collapsed we had quantom scape the

projections are aggressive and don't account for the possibility of failure with the stock down 76% from the highs, it's a battery of broken dreams now, hey, it could be worse. the rival romeo power is down 80% from the highs after the mother of all number cuts. where for are tho romeo? you can say the same thing about lucid motors or fister lucid is an amazing car company but merging with churchill capital a is mess. up 94% for the year. looks good, right? you think it's good? the stock traded as high as 64 a couple month s ago. yeah, 64 at 19 buyers got too carried away speculating about the terms of the lucid deal even the best are struggling and pete materials that mines rare earth minerals and did a secondary offering and bingo, stock from 51 to 29.

all the charging station stocks are walloped and anything that touches an electric vehicle, van, truck, lordstown motors, ni nikola let's not forget about stocks like fuel cell plug power. they are trying to make hydrogen fuel cells a reality but rack up big orders but there is no shift to green hydrogen. instead, you have irregularities, they equal sale. sixth house of pain, peloton hey, these guys have been doing business with high tech exercise equipment but dealing with the fallout of a horrifying video from the u.s. consumer product safety commission that made me never want to go near a treadmill again. it's a real life video of a toddler getting pulled underneath the machine with his rubber ball. it is one of the most frightening things i've ever seen hollywood couldn't make something as scary as that clip.

meanwhile, bitcoin got hammered this weekend on worries about potential regulation, vicious margin call. i keep telling you when you have a big gain, you need to chaching i can go on and on about the house of pain versus the house of pleasure. if you're in the plain old fashioned equities, you're really in the years. you're still in the time however, if you just started out and you've never been bloodied like so many of us veterans, are you gathering up the tears have you had enough of mine? last year's biggest winners haven't just been left behind but turned into epic money losers meanwhile, the boom and bust cyclical shrug off with a plum bottom line, if you contain your losers, the winners will take care of themselves but if you try to hold the line in the house of pain, your portfolio is going to be beaten to a pulp i think we should go right to rudy in, texas

rudy >> caller: jim, thank you for taking my call and welcome back to the studio in the morning. >> yeah, how about me? next, you can make fun of me and i can see it >> caller: my question is i know you know it well, i had options for the past couple weeks 1and the stock and semis so i didn't take a haircut on the deal. >> i need a haircut but my guy isn't vaccinated i'm not going to a barber unless they have vaccinated it's tripled when you get a stock up this much, it will stall on good news understand that stock is up so much that it could not go even higher on the number i think we go to jimmy in kentucky, jimmy? >> caller: hey, jim, happy boo-yah. my question is about walmart the card is going on sometime

this year with $35 billion or more do you believe you'll see walmart go up soon do you recommend a buy >> no, no, i went to my walmart this weekend and you can eat off the floor. i don't know why you'd want to eat off the floor but you could. when i see the lower prices immediately a lot of the material made in china but the bargains they have and it was packed and i love my walmart i know that sounds nutty but i love my walmart and you should, too. the stock is going higher. all right. we've got two markets if you contain your losses, the winners will take care of yourself but if you don't, on "mad money" tonight, is your portfolio up for grab i'm telling you what to make of the largest spac marger we've seen and maybe it won't gaffe you. then, why constellation brands could offer a case study on waiting to buy on a pull back. but first, looking for positives in the retail space? i'm buying opportunities with

the man that knows so stick with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to money mad dot cnbc.com

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bounce forward, with comcast business. . as we get into the meat of earning season, we see momentum from retailers the apparel space. the blowout from levis and american eagle outfitters last week we had them on the show. with the great reopening upon

us, we're a gigantic believer in retail but what is the best way to play it i want to know which is why we're turning to the best retail analyst in the world no hiyperbole, it's tree. they hosted dozens of executives at the seventh annual retail roundup conference you have to go there if you're in retail and this morning published a bullish recap. i got to get to it and find out what is going of in the business so manager and director and senior retail analyst extraordinary, j.p. morgan, matt welcome to "mad money." >> great to be back, jim. >> this is the seventh time you've hosted. when i read your pieces this morning, i'm beginning to believe that you think this may be one of the most bullish times we've ever had in retail. >> jim, i would say the tone across the conference was optimism and having covered the stocks for more than a decade, it had to be the most bullish

tone across the board. both from the low end all the way up to the high end the key to me, though, you have the near term dynamic where we have governments assistance and that wasn't where the confidence lied the confidence from these management teams is we have a strong consumer before this started and now you have a strong setup after you have debt ratios at 40-year lows and savings in the mid teens. we have a strong consumer and structural changes all of these companies are operating with less inventory on hand, e commerce is the highest margin channel that's going to be higher structurally going forward so you have companies that i think are operating at a higher level exiting this pandemic and many that i think are set for a very strong setup to come out of this crisis a lot stronger than they entered. >> okay. so matt, a lot of people told me this move is done. obviously, from what you said, that's a grave mistake to feel that the move is done. >> i think we're in early innings here i think if anything, we're in

wave one of a multi wave recovery for this consumer and for retail meaning if i look at the categories that these companies were talking to, what is happening is you're seeing continued strength in athletic that's tied to cause welalizatin continued strength in home connected to nesting and the consumer is more mobile and if i think about the waves of recovery here, the first quarter we raised numbers across every company we cover and we think that nearly every company beats street consensus across retail the second quarter will be tied to vaccinations and a more mobile consumer. the third quarter, i think, is where into the back half of the year things really get exciting. we had companies that were siting likely the best back to school for consumer on tap, maybe the best of our careers when you have a denim cycle, i know you hadley levis on, you h

additional stimulus with the child tax care credit and on top of that, we have this continued consumer where i think europe kicks in towards the end of the summer and potentially global tourism might even be a 2022 next leg catalyst. i think we're in early not even middle innings here in terms of this recovery. >> let's take a case in something you brought attention to and thank heaven we've been referencing which is the lag trade up over 200% for three names. i would presume those are done sounds like they're not. >> not even close. if we think about the lag trade, l.b. has a bath and body works concept that comes out of this pandemic in a much stronger position with a bigger market share opportunity. the second was american eagle. you had jay on the show last week to me, ari, which is owned by american eagle might be the

hottest company in consumer now so you have that underlying and inclusive trend with a tie into that denim and the third would be the gap where if i think about the gap now going forward, we have a string of catalysts, a old navy takes share and you have continued stimulus as i sited and the kanye yeezy and banana republic tied to the reopening and all of these subsectors are tied to the denim trend that people may be under estimating this is a looser fit and if this kicks in come the back half of the year, you have a cycle that could tie into the tops and footwear where multiple companies additionally sited in the global brands, tied to that we think nike, lululemon and vm

corp. >> this is great so many people feel like they missed it. it will be my mission to tell them not only have you not missed it, but there is maybe at least a year ahead it sounds like i want to thank you for coming on your conference is the gem it the one that everybody cares about and i really appreciate you going on "mad money. thank you. >> thanks for having me back. >> absolutely. that's mack boss, manager of department stores and j.p. morgan i hope you heard what i heard, there is much more ahead for retail, the consumer, the stores, the theories i like it. "mad money" is back after the break. >> announcer: coming up, do your homework drink responsibly and make "mad money" we break down what just worked for a star in the constellation of cramer favs, next

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listen to me every time i tell you to buy on a pull back, i can practically hear you grown, why wait simple you wait because the market always is giving you ridiculous pull backs for no legitimate reason so a little patience goes a long way. i'll give you a textbook case. i'll give you constellation brands, the company known asc car -- corona when i read the commentary, i was lukewarm the analysts downgrade here, price target cut there when we had ceo bill newlands on the show, all i could think of is who the heck is selling this darn stock i would have called them at one time morons but those days are over

constellation has double digit growth in the beer brands including 30% for pacifico which used to be the best seller at the mexican place. this company is the only real grower in the whole packaged good space can you imagine? the stock should be a slam dunk. so what happened here? constellation management tends to be conservative this time the outlook concluded 1 billion to 1.1 billion in capital and highly elevated ad spending for new plroducts. the analysts want that cut i mean, they're just thinking please and they wanted a big boost for the dividend and a stepup in the buy buyback. constellation really maintained the previous capital return forecast why? these capital -- these analysts who cover this segment, the consumer, they don't get it. they're not giving you a bigger dividend because constellation

has so many opportunities to invest in. they would rather spend the money growing the product lines the way a tech company does, not a ketchup company. sure enough, the stock is now up $3 from where it was trading before the avalanche of selling started. constellation is a shockingly positive story that got another no growth packaged goods play where we only care about cost control and capital returns because they got nothing else to crow about all right. what does make constellation so much stronger than every other company i follow in this segment? first of all, this company was condemned for having growth prospects. don't get me wrong, i love dividends but when they say they have so many opportunities they need to spend money on digital advertising. that is a high quality problem nearly everyone else in the industry is trying to close plants, do more with less. that's not how constellation

plays it a 30 to 35% increase in capacity is not a sign of weakness. it a sign of strength and confidence it's a positive, not a negative. the analysts were incredible about the spending and angry but given the company's track record, i think they should have been excited second, while madello, corona have done well during the pandemic, the biggest market for the beers is of course, bars and restaurants. now that the great reopening is upon us, they're spending big on social media becoming a big sponsor for ufc to boost market share. this is their moment third, madello is the number three brand by dollar sales in america. modello. you remember heineken? they moved 145 million cases last year. that's a staggering amount for any import it's the only imported brand to

surpass 10 million barrels they are doing so well they don't have enough supply to meet american demand. there arewhole swaths of new york it's impossible to find the best seller, which is mod modmodello es special. i can't get it at my bar not because we can't have it but there is not enough to go around could you imagine for bud or coors had that problem last year constellation launched ka corona hard sel it was said it's grown 40, 50% given the incredible brand recognition, i bet they will be challenging truly, something we bet we will maybe hear about on boston beer when they report on thursday my only concern is when i spoke to james quincy today from coca-cola, he did say that

topico is taking share big in texas but look, it's a marathon, not a sprint fifth, pacifico is a tremendous success story. this long neck beer is a huge hit among the genz crowd something i can attest to personally this came out of nowhere i remember when the last ceo said he'd make a big push with pacifico remember keystone? you remember -- guys were so rich you probably don't remember anyway, i couldn't believe my ears, all right? i said with that price point you were going to make a fortune and he said no, no, he figured out constellation could charge much more in america for a beer that's so cheap in mexico and sure enough, it's glowing at a 30% clip at a much higher price point and that's with covid still raging you'll see that brown bottle, yellow label, you'll see it everywhere get this, they're not done

i think they can do the exact same thing, the premiumization of victoria. it hasn't pushed very much in the quite yet. i it's a beloved and expensive bottled beer in mexico it will be next after pacifico run its course one thing taught is premium. last quarter they sold leaving them with top shelf brands fabulous italian wine, kim crawford, the prisoner i had some this weekend which is expanding across a host of wine categories this group grows at a 2 to 4% clip it's about to step up. constellation is conl ttrolling interest in canape growth with legislation spreading from state to state, your portfolio needs a play sooner or later, it will happen at the federal level that said canape growth gets a bad wrap because the former ceo

spent money like a drunken sailor david kline took over ceo of canape many question as the preferred way to play legalization because they lose so much in canada. the stock certainly has not been the best performer but i think the market is under estimating the value of the constellation partnership. they know how to produce taste people love. they already got several marijuana beverages ready to be shipped as they refine in canada i bet canape, get this, it's a bold prediction turns profitable and will be a huge win for constellation. profitable look there are a lot of run offs and it couldn't be open because of water shortages i bet the mexican government will reward this huge employer, modelo does a ton of business in texas that got hit hard by super storm sandy and a new line could cause earnings to take a hit in the second half.

here is the bottom line. with the good news, i thought constellation would sell off for a little bit and rally again as investors figure out the positives. it recovered faster than i expected after the hit, the stock took a day to start moving up so the next time you wait for a pull back of a high quality stock, you need to be ready to pounce the moment that gets hammered for no good reason, which is exactly what happened with stz much more "mad money" ahead. a spac deal that is too big to ignore i'm letting you know if you should grab it and with the leadership change of gamestop, is it game on or game over i'm giving you my take and i got diamond hands yolo partners and all your calls, rapid fire tonight's edition of the lightning round so stay with cramer

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look, at this point i know you're sick of the spacs, the newcomers. the whole group is toxic and the market totally lost interest because the losses are horrific. i've been warning you about the spac lash for months now telling you we simply had too many of these deals and a special purpose acquisition vehicle would collapse under its own weight every time we stick our necks out for the hand full of hire quality players, well, guess what happens last week, though, we heard about the largest spac merger yet and i got the tell you, i've been looking it over and it's too big to ignore. this growth, which is run by a very smart guy brad of venture capitalest with a hot hand had a

snow flake, roblox and is grabbing forces with grab. it will be a $40 billion deal. i know, i know i blanched 40 billion. does that mean 30 or 20? eventually all these deals won't be spacs they will be regular companies and we want you to get to know the best of them grab in particular is not a fly by night electric vehicle startup. this is a real company, albeit one you're probably gnot familir with grab is a combination of door dash, instacart, lyft. that is one of the fastest growing regions on earth and it a super app and makes a bunch of services into a single platform. the last time we talked about supra was 15 month as i go i said it was a great story but it felt like the stock was too expensive. i was wrong.

the stock was at 40. now it's 250 i don't want to let another one of these get away from me even if that means wading into dangerous spac infested waters to take a closer look. the thing about grab, it's a great company but also totally out of sync with the wall street fashion show it's a rapidly growing digital play at a time when money managers want smokestack stocks and coming public via a spac merger this is not a gun to your head situation where you need to buy something immediately before it takes off for the stratosphere. some of this is out of step with the market but longer term, i got to tell you, i think it could be a winner. it's got great prospects so if you get a chance to buy on weakness, you might want to pounce because the growth is willing to shell out a fortune for it and because it's a spac story, it's what trades now and the symbol is agc. let me give it to you again. agc.

what makes me like this one? god, i can't believe i like it okay grab is taking the number one spot in ride sharing, food delivery and of line financial services and part of the world in early stages of digital transformation grab operates in a region that's twice the population of the u.s. with more room to grow and southeast asia online delivery has 11% market penetration, 21% in the united states ride sharing three, us five. electronic transactions, just 17 of the total payments in southeast asia we're 82 as digital continues to take share, they see the total adjustability market growing from 52 billion last year to more than 180 billion by 2025 but it's not just the future that looks bright. unlike most spac plays, grab is doing incredibly well right now right here almost all want to come, not this one last year the company had volume of $12.5 billion surpassing

prepandemic levels and more than doubling the 2018. across southeast asia, they control 72.8% of the ride sharing market and 23% of the digital wallet payments. covid is fabulous for the delivery business driving roughly 300% growth last year that translated into 50% plus revenue growth for the company and the company made real strides towards profitability. the ride sharing business is generating positive earnings for interest, taxes, depreciation and all six of the largest markets. the food market business is ebitda positive. that's a big deal. this is not a regular spac, a loser. longer term grabs projects it can rise at a 47% compound growth rate through 2023, even the least impressive part should be able to expand at a 23% clip. unlike the quunited states, six out of ten are unbanked or under banked, meaning grab is an opportunity to by past traditional banking all together

and set everyone up with digital wallets instead of paypal alternative. the governor of malaysia used grab to distribute stimulus payments we know to take it with a grain of salt or a whole container of mortins. grab is actually in business now. this is a real company with a real forecast, not an electric vehicle playmaking guesses how many years it might take before they have a product, let alone sales or profitability how much could this be worth right now the spac merging with grab has a stock that trades at $13 and change that's up slightly from where it was trading before we started hearing rumors of the grab deal a little over a month ago when we got official confirmation last tuesday the stock has a choppy session only 10% to $15 and change however, immediately starting selling off the next day because we know that spacs are bad, right? it's to the point where now it's given all all the most which is pretty shocking. that means if you buy it here, you're not paying any spac

premium. when i heard 14 goes to 40 in two years. seems like a huge jump he did a great job of putting concerns to rest during the extraordinary experience of halftime report with scott wapner long story short, in the last several quarters grab experienced dramatic growth so it deserves a higher valuation but the current price grabbed at more than $52 billion trading at 22 times sales forecast. pretty ex ppensiexpensive. albeit with much higher growth rate at these levels, grab feels a little rich to me but i think it gets a lot more attractive to pull back to 1150 or 10 bucks. i wouldn't be surprised if it drifts down to the single digit because the market has little interest at this story at this moment that's good. you'll be able to get in at a discount the bottom line, grab may be the

biggest spac deal so far but it's also the least spac like. it a real company. rapidly growing company. real business and it's spac backer has agreed to a three-year lockup on the shares, three years meaning they will not crush you with a wave of selling the moment this gets lift i don't love the price right now but if you wait for some weakness and there probably will be, you got my permission to do some buying. stick with cramer. >> announcer: coming up next. >> let's make money together what do we got >> announcer: cramer is bringing the thunder and answering your questions in today's edition of the lightning round. with a bang, energy and change came to every part of our universe.

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it is time, it is time for the lightning round, buy, buy, buy, sell, sell, sell and then the lightning round is over. are you ready, ski daddy let's start with jim in new york, jim? >> caller: hey, jimmy chill. >> yo, chill back. what's up? >> caller: how are ya, brother >> all right they have been hitting me hard on twitter kind of like that. what's going on? >> caller: all right listen, my stock that i'm talking about today is down about 30% from the size including 7% again today and it seems all the online casino and sports betting in several states including in new york that penn national gaming should be a ben f beneficiary.

i want to know your thoughts. >> to tell you the truth, i don't know how new york will do betting. i think pen nat is doing well. football is what people bet on, not the other sports i think the sports book that pen net has is really good so i'm going to stick by the stock. but it is still up for the year and understand there is a lot of hot money in pen nat let go to mark in florida, mark? >> caller: hi, jim, thanks for the insight you generously share. >> that's nice thank you. >> caller: my question is about a stock i know you like. i bought it 12 days ago and dropped. do you think i should sell williams-sonoma, hold or buy >> no, no, hold williams-sonoma. it goes in fits and starts it marks time, goes down a little bit and reports a great quarter and rallies. i think you have to be in for

that again, i think that they will do a fantastic job. i saw the r.h. catalog came this weekend. that stuff is gorgeous that's a two for i think r.h. will have another great quarter. >> caller: boo-yah, jim, how are you? >> good, how about you >> caller: doing great, job, doing great. jim, look, i have this -- i target the value stock called financial services. >> right, mortgage >> caller: yeah, i did get it around, what, 64ish or something but now i see the stock going down to 58, 59, stuff like that so wondering -- >> i think you're fine i think people are trying to figure out whether it's got anything in particular that others don't have in mortgage lending. i don't think it special enough to be exciting for me versus owning j.p. morgan or bonkank of

america. dane in california, dane >> caller: thanks for having me on the show. >> great to have you on. what's going on? >> caller: i'm in a tough patch. i bought $73 you had mentioned was a good company but now it's just kind of going down and down and i really don't know why -- >> well, i think that first of all, you had compass come and a lot of people feel like raels stat -- real estate peeked there are a lot of people in line promoting the holdings that i think will go away because the chart is bad and they got burned down here i think you're okay but it's a $4.9 billion valuation and that is a little too high for a company that doesn't have anything that special. i know they think they do. i apologize but i don't see it let's go to paul in massachusetts, paul? >> caller: hey, jim, thanks for taking my call i hope you and the crew are doing well you guys do an amazing job.

>> thank you >> caller: i'll keep it short and sweet. what doe you think about the stock micro vision >> this stock is so -- this is what i call a true battle ground stock. okay it's got a gigantic short position the people who are short it are always getting hurt by the people who just want to crush it so i think it's a battle ground and you have to avoid battle ground stocks. there are better fish to fry allen in michigan, allen >> caller: hey, jim, how are you doing? >> good, how are you >> caller: good. my question is about united whole sale mortgage. that's not a good-bye. >> well, matt, that was matt who played for the national champion at michigan state team that i know that from internally. but i've got to tell you, the guy came on. i thought he quit himself well interest rates have come back down don't sell the stock we have time for one more. let talk to them mike in california, mike

>> caller: hey, jim, i've been watching your show for 20 years, keep it going strong. >> thank you. >> caller: my question is regarding a post merge stock that is down from 25 to $7 it is time to buy asts >> holy cow. i hate to end the lightning round on a question i don't know the answer to but the spac business has been grim i got to do more work on a $7 stock that broke the buck. let me come back, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightenning round is sponsored by t.d. ameritrade coming up, activists are whistling dixie as game stop sherman is sent marching is it corporate strategy or fog for the reddit rebels? cramer breaks it down next

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i think we have a first on our hands, game stop encouraged the ceo george sherman to step down after he delivered a 772% return on the stock near to date after today's move 772% and he got shown the door all right. now before you say i've been

mentally quarantined, game stop is a weird situation the move in the stock has little to do with management and little to do with ryan cohen who started a huge position in the stock last august. the reddit crowd got behind game stop because they believe in his leadership this is a case where the ceo is along for the ride he didn't have to be along for the raid maybe he wasn't pushed maybe he wanted out of an increasingly crazy situation gamestop put its fate in ryan cohen's hands but we don't know what cohen is thinking he talked boldly about digitizing gamestop and the envision embraced by a legion of younger buyers, the posters on reddit's forum he co-founded chewy where current management makes sure you know he has nothing to do with the president of chewy. even though digital gaming already has well entrenched competitors, my personal view it's not that much like mail

order dog food as one of his -- [ laughter ] as one of his last acts, sherman sold a bunch of stock that allowed it to clean up the balance sheet and have a war chest, i encouraged but was hated for. what matters now is the plan, assuming there is a plan we don't actually know if ryan cohen has a plan he certainly hasn't shared with us but the buyers believe in it. if gamestop really wants to harness this meme stock energy, they could turn the 5,000 odd stores into bitcoin banks where you can exchange dollars for crypto crypto currencies at good prices and rename cryp game to set up gaming palaces where winners are paid in a theory ritz better than sticking with a hardware business doing okay now because of the playstation and

xbox consoles. but doesn't have much of a future these days. everybody downloads games. i think there is a reason cohen is being caged as long as he does nothing, the stock can keep going higher but the moment he tries something and it doesn't work immediately, people are just going to move onto the next stock. the next stock will bet especially that sherman is gone general sherman. the march to 770%. look, some of these younger investors are banding the market and david, the goldman sachs fantastic research analyst publishes a press we know and this is about the slowdown in buying from individual investors and it's the younger investors, i think. listen to this, while online retail brokers daily average trades are up year over year, the growth in trading dropped sharply from the peak of 250% in august 2020. meanwhile, he says call option volumes are back down to last

year's lowest levels that's all the younger people who got completely blown out buying calls on tesla and gamestop at 300. what is happening? some of it is what i said at the top, direct reflection of the poor performance of tour row charged growth stocks that younger investors love and the meme stocks like gamestop to gain the heights they captured in january a lot of people bought gamestop above $300 and they bought it calls, too so it hard for them to get excited when it's back down to the 160s no wonder there is so much shareholder. of course, the intensity of the crowd is heated. there is chatter how keith gill, aka rory one of game stop's biggest chafr ons has doubled the size of the multi billion-dollar position thrilled at the departure but with sherman now, this is ryan coh cohen's baby he no longer has a fall guy to be blamed by any decision the anonymous posters don't like the hope the crowd is a plan b

beyond game stop because there will be nothing left to stay ab about the story. memo to meme creators get diversif diversified. there is always a bull market somewhere and i promisesomewhere see you tomorrow, "the news with shepard smith" starts now. \s the jury now has the case of the man charged with murdering george floyd the closing arguments by prosecution and defense. i'm shepard smith. this is the news on cnbc >> when he was unable to breathe, the defendant continued beyond the point he had a pulse. >> what a reasonable police officer would do. >> cities and states brace for a verdict. day 15 in the trial of derek chauvin. good to go everyone 16 and older now eligible >> look at the data. thda