>> whether it be texas, covid, i think vix gives the opportunity to protect your portfolio here. >> guy >> you like tea, you've got to like tm u.s. there's the growth >> thank you for watching fast mad money with jim kramer 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 i'm just trying to help you make money. my job is not just to entertain but teejo educate and teach. call me or tweet me. do we dump stocks wholesale? just get rid of them now that president biden has

proposed a huge increase in the capital gains texas for the wealthy, that's what a lot of people did today with the dow losing 321 points. s&p sinking .92% nasdaq, falling .94% almost all of that occurring when the news broke. we know the 20% capital gains rate has put a great deal of money in the stock market. we can't deny when george w. bush cut the capital gains rate, it was an immense windfall for the wealthy. as my old colleague, larry kudlow, would argue endlessly on our old show, that lower rate would spur investment by the rich, who might otherwise park their money in something that doesn't generate jobs, like muni bonds. that was in bush's first term. oh, he wanted the capital gains tax. i argued they should cut the

dividend tax rate. that's much higher instead, giving people more incentive to own stocks rather than trading in and out of them. i thought it was one or the other, but the bush administration never met a tax cut it didn't like so they gave us both now, if biden manages to jack up the capital gains rate, plenty of people will try to take profits. but let's explain something right now. there are two major problems with that strategy first, it can simply make the tax hikes retroactive so there's no escape. second, and i think much more important, let's get our heads around this right now. it style needs to pass congress, and i'm betting biden doesn't have the votes in senate i can live with taxes. we don't want higher taxes but i can live with it the idea biden has 50 senators who will vote for this is fanciful obama only raised the rate from 15% to 20% let's use this as a teaching moment this feels like a good time to talk about key investing rules that i don't emphasize enough.

especially now that so many people have huge gains in situations that seem increasingly perilous. and might make rash decisions. until the situation has more clarity. one of my oldest rules from my days of helping wealthy individuals at goldman sachs before i had a hedge fund is controversial. don't fear the reaper. by which i mean the tax man. if you're more worried about your tax bill than the fundamentals, you could lose a lot more money than you would ever pay uncle sam my richest clients never wanted to hear this they hated to pay the taxes. they would hold technology stocks that would shoot up in price only to see them destroyed as newer, better technologies took over. i remember trying to get people of out bunch, the burrow, and honey well these were the companies that competed against ibmark. at one point, they were hot as a pistol the faang of the early '80s.

then smaller computers came along and their stocks fell apart. while they survived in one form or another, you had to sell their stocks when the mini computers took over. then you had to sell the mini computer names when those were eclipsed by microcomputers which got beaten by the pc we have intel on the show tonight. they destroyed the tech giants of '80s because it made it possible for smaller machines, this is more powerful than a mainframe in those days. i mention all those things because i watched helplessly as people just, they let their stocks go down the drain because they refused to ring the register they didn't want to pay the taxes. in the end, they avoided the tax man, already, entirely, because their gains evaporated their stubbornness, it impressed me, but not in a good way. if the fundamentals, you need to forget about the tax and sell the stock. that reminds me of another rule that feels real applicable right now. it doesn't matter where a stock is coming from

it only matters where it's going to i don't care what you pay for it you have to figure out what you want to do with it right now and your cost basis has nothing to do with that decision get emotionless people what kind of stocks should be sold regardless of what it means for your tax bill? ask yourself if the company you own shares in might be facing an existential crisis maybe it's a so-so retailer in a series of so-so malls or it has no prospect of earnings and it's running out of money maybe it's a spac with no help you should be a seller regardless of what happens with the tax code similarly, if you have been waiting for a viable pullback, get this this is a completely motivated by taxes sell-off, not by the fundamentals so what are you getting if you have cash? you're getting a buying opportunity right now. all sorts of stocks are being hammered off this presumptive tax hike we don't know if biden will succeed, but these are the same companies they were yesterday, right? as i always tell members of the club, this is one of those

moments where you need to have that shopping list at the ready. all those levels so you can pull the trigger because stocks are being put on sale, not because of the fundamentals of the company. it's yet another reason why i'm constantly saying you should keep a little cash on the sidelines, why you need to take a little schnitzel, a profit, so you have money in case some exogenous threat pushes down the market without damaging the actual businesses of the stocks people are selling that is what is happening. finally, we're not hearing anything about a dividend tax hike, right? i didn't did you? this morning we heard from the ceo of at&t on "squawk box." both delivers excellent earnings with short forecasts that won't be impacted by a change in individual tax rates, but if you truly believe biden will make the capital gains rate equal to ordinary income, maybe you should want ordinary dividend income, taxed lower, more valuable than ever

and that means at&t is now backed up by the cash flow, and dow chemical, should both, well, let's just say they're worth a lot more toord than they were yesterday. these changes to the tax code will make companies with good dividends more enticing. remember, the companies aren't worth more, but their stocks are. even though i think this is highly unlikely, it's always important to be ready for anything if you want to take advantage of this tax motivated decline, don't do it all at once. assuming biden doesn't make the hike retroactive, there could be days of selling pressure you don't want to catch the first wave that just started in the afternoon. but the bottom line, please do not fear the tax man don't fixate on where a stock came from. only think about where it might be going most important, be ready to buy stocks that are getting crushed by tax fears that have nothing to do with the undamentals and watch for stocks with good yields if you're desperate for tax efficient income you should view this sell-off as an opportunity, not a penalty. and please remember that most

people who own stocks hold them in tax favored retirement accounts that will be totally unaffected by this stuff, and have no need to sell anyway. why don't we take called patrick in my home state of new jersey >> caller: thanks for taking my call >> my pleasure >> caller: i wanted to talk about paypal they recently announced they are getting into the crypto game, enabling customers to buy, sell, hold crypto as well as pay for purchases with crypto. what impact do you think it will have on the long term outlook, and is it a good buy at the current price? >> it's one of those news that's a story that is known. there's nothing original to it anymore. we know the same thing about square and cash app. i think that it's not a gimmick. dan schulman doesn't do gimmicks, but it's also not a reason to own the stock. we own the stock for earnings, because it's a world play on the digital economy. allen in california, allen >> caller: jimbo >> yo yo

>> caller: so i recently used this company's technology to make an offer on a house in oregon and one in palm springs didn't get either, but i did it remotely i did it from home i recently bought a car and sat in a finance managers office, and he turned the top of his desk into a computer screen. gave me a stylus and i signed everything no papers. i think this company is a disrupter. i think it has a lot of room to run. the company is docusign. what say you about docu? >> i think it is a great company. unfortunately, right now, people are convinced it's a stay-at-home covid company, and the stock is probably going to go lower i think the fundamentals should matter, but i'm mindful of the fact there is a belief that businesses can't be as good year over year, so what i say is wait for docusign and sorry you didn't get that place in aspen that's a plusace of dreams.

>> listen, be ready to buy stocks that are being pummeled by tax fears, not their businesses this is an opportunity "mad money" tonight, coffee drinkers, pet owners, and home bakers helped to drive the biggest rise in sales add nestle in a decade. i got the ceo. >> and then toy with an investment with mattel i'll sit down with the ceo find out what's ahead, and intel just posted its first quarterly earnings with pat gelsinger at the helm i have the exclusive stay with cramer don't miss a second of "mad money. follow @jimcramer on twitter have a question. tweet cramer #madtweets send jim an email to madmoney@cnbc.com, or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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earlier this year, nobody wanted to go near the package food stocks. it didn't matter what the numbers were they were the biggest beneficiaries of the lockdown last spring, meaning they're up against tough comparisons and a less favorable environment when people can go out to eat again over the past six weeks, they have made a remarkable comeback, either because investors want safety or because people are realizing consumer habits are changing permanently in the wake of the pandemic. take nestle, the gigantic swiss packaged foods powerhouse. this morning, the company reported a terrific quarter. 7.7% organic growth. wall street was only looking for 3.3% their business is on fire, with pet care, vegetarian, candy categories even better, they confirmed the full year forecast indicating this strength will continue.

the stock is now back within striking distance of its highs can it keep climbing let's check in with mark schneid toor get a better read on where his company is headed. mr. schneider, welcome back to "mad money." >> thanks for having me on the program. good to be back. >> i'm so thrilled you're here, for two reason one, because these are great results. but two, these great results were not compromised by all the great things you're doing for the earth. and i think that's important how do you do 7.7% organic growth and at the same time, care more than almost any ceo i know about sustainability? >> well, look, on the first quarter, let me say how pleased we are in a nutshell, we have seen a strong rebounding business in china from very low levels last year, because of the coronavirus lockdowns, we have also seen signs of recovery in so-called out of home business where we cater to restaurants, offices, bars, and hotels around the world. and then, of course, the at-home

business retail continues to be very strong, and of course, this is our wheelhouse. this is where most of our business takes place and to your question, i think the two are connected. today's consumer asks even more than before for sustainability they want to know that we're treating the planet well they want to know we're taking care of the next generation. >> but at the same time, you have written very eloquently that this is not corporate philanthropy this is not about trying to give money away without any sort of regard heedlessly to your bottom line >> absolutely. and look, when you look at the amounts involved, i mean, we're talking significant investments here multi-billion investments over the next few years we have put all of this to a voluntary advisory board to our shareholders last week as participate of our annual general meeting. we got a 95% approval on that. and basically, there's a business case emerging, with a more discerning consumer, the

awards sustain bability and government regulations heightening the levels here, i think there's a good business case emerging and that's what we're pursuing >> in the meantime, i love some of these divestitures and acquisitions which seem very much in keeping with what the next generation from yours and mine like. so why don't you talk about how getting rid of plastic or making it a goal, and then getting into what i would have to describe as fresh and good for the body. >> absolutely, jim look, portfolios evolve over time they have been with our company over more than 150 years and if i had to summarize the present strategy in a nutshell, i would call it good for you, good for the planet. so healthier, more nutritious, fresher, and then packaged and made in a way that doesn't burden the environment and to lower our environmental footprint. >> i find that your commonsense view about this is deeply engrained with why you had 7%

organic. there are so many people, mark, who come on the show, and they actually have ways to justify what they're doing that's bad for the planet, and a lot of them are free riders off what a company like you is doing. how do you make sure that there aren't free riders who take advantage of the money you're spending and the actions you're doing? >> and look, there will always be free riders and it's not different from a situation where someone would say, look, i don't want to be good because someone else is bad. so we have to strive for better solutions and to clearly, i think, the regulatory framework that's emerging around the world is going to be helping us there. for the very first time, you are seeing something like regulatory convergence between north america, western yourm, and the major economies in asia when it comes to climate protection. i think the white house climate summit today is testament to that, and that's a new situation. that hasn't been around before, and so companies that are ready,

companies that do their homework will be rewarded >> another thing you did, i have spoken to a lot of executives. they keep saying they have to wait for the government to be their partner before they take action you clearly are not waiting for that >> you're right. and that's where the consumer comes into the equation. we see around the world, the younger, the better educated, and the wealthier the consumer, the more interested they are in environmentally sound products and practices. and of course, digital these days means that there's total transparency about your supply chain, so people do understand what you're doing for the planet, and they reward the companies that are leading this trend. >> let's drill down on the quarter. pet food, extraordinary. you're in the right place, right time >> pet food has been ticking the lights out, you're right what we have seen globally during this pandemic is pet adoption is way up and of course, pets these days are more and more treated as family members

people really sort of trade up when it comes to the quality pet food science based formulas gaining a lot. this is where research and development is really paying off. >> regained leadership globally, coffee >> absolutely, and you know, coffee is one of those core businesses of ours we were the inventor of soluble coffee of the 1930s. nescafe is the leading brand for that we were the inventor of portioned coffee with nespresso and then we entered into this incredible partnership with starbucks three years ago, which i think has been working to everyone's full satisfaction starbucks' satisfaction and ours, too. >> how can nespresso have a 17% organic growth number? unheard of >> well, i think this is market share gains, but then of course, more people spending time at home, consuming coffee at home i think this is part and parcel of the life we have been living for the past year. and that was brought to us by the pandemic

so i'm not trying to tell you that 17% is the goal going forward, but that's why it's so good to see that underlying that pandemic trend, there's also solid market share gains in the major markets we are >> marget share gains in vegetarian, which you believed in early on because we spoke about it others are starting to catch on, but they're way behind you >> yeah, and you know, for us, this is not only about the burger patty or some chicken substitute it's also about prepared meals think about pizza topics or a lasagna that's vegetarian. we have lots of opportunities downstream with these prepared products to actually utilize the same ingredients but when it comes to the burger, of course, we still have a project outstanding, and that's a cookout, and we would love you to be the judge about who makes the best burger. >> i can't wait. you know, that's in my wheelhouse that's what i do one last question. i'm worried about europe and covid. you are too. where are we i feel like it seems very much

in the balance >> look, i think we have a path to exit this, but it really depends on widespread vaccinations and so when i look at our community support over the past year, initially, it was all about helping in emergencies and doing our best, but now it's all about contributing towards equitable access to the vaccines around the world especially low-income countries. the sooner we get that done, the sooner the world can return to normalcy >> look, i want to congratulate you, uncompromisingly great for our planet, and fantastic for the shareholders it can be done mark schneider, ceo of nestle, thank you for coming on the show, sir. >> thanks, jim think about what this man did. 7% organic growth. fantastic dividend, by the way, didn't mention that. and at the same time, no compromise, helping the planet i like nestle. i like mark schneider. "mad money" back after the break. cramer doesn't play around

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most of 2020's biggest winners had a rough time in 2021 but there's a short list of stocks that keep roaring stocks lie mattel. the cramer favorite toy maker that turned itself around right as the pandemic came along then gave them a chance to make out like bandits we have been behind this one ever since ceo ynon kreiz came on the show last may we got behind it mattel said all along this strength is durable, it will last beyond the lockdown they lost 10 cents per share, they were looking for a 35 cent loss they generated $874 million in

sales. they even had a surprise profit in what is traditionally a money losing quarter could this thing have more upside let's dig deeper with the ceo of mattel, he had a clearer picture of the quarter welcome back to "mad money." >> hi, jim great to be here >> you know, i have to tell you, it's not one thing it's many things you have taken share you're number one in so many different categories when i see a blowout like this, i give the ceo the floor to say how it happened. it's yours >> well, jim, there are no two ways about it. this was a repcord quarter for the company. we are in the strongest position now than we have been in many years. our results far exceeded expectations with exceptional growth and very strong increase in profitability and free cash flow net sales were up 47%. the highest quarterly growth rate in 25 years driven by

strong consumer demand for our products for the third consecutive quarter we achieved double-digit sales increase, grew ahead of the industry, and gained market share globally so jim, what you are seeing is a success of our multi-year transformation strategy, which we believe puts us in an excellent position to continue to improve profitability and accelerate growth. we could not be more confident about our trajectory and future outlook. >> i looked at the barbie numbers and i was struck i said how is that possible? how could you have this kind of gain you're talking about extraordinary, up 86% worldwide, and then i realize they come out to look at tdifferent products you sent us and i see a gorgeous maya angelou barbie, and i see to myself the reason barbie is a winning franchise and you're a winning man and a winning team you're thinking well beyond the way barbie used to be thought about. >> yeah, barbie just continues its phenomenal performance, as

you said, up 86% the growth came across all product categories barbie strengthened its position as the number one global doll property and continued to gain market share in all four regions in the first quarter this is just a tremendous brand. tremendous franchise, and we expect that to continue to go from strength to strength. >> now, i'm sure there will be people who say, wait a second, i don't want to buy the stock because this is really a stay-at-home play. it's a covid play. so how do i know it's going to continue to be great once covid is solved? >> well, you know, while our exceptional growth this quarter benefitted partially for year over year covid related comparisons, we believe the strength of our performance, our results overall, is driven by our iconic brands, the quality and breadth of our product, the world-class supply chain, global commercial capabilities, and very effective demand creation in close collaboration with our

partners we grew market share for the third consecutive quarter. which demonstrates that we're not just riding the wave but are growing well ahead of the industry in driving the momentum and the strength of our performance is also evident when comparing 2021 results to2019, before covid with net sales being higher by 27% in the first quarter of '21 relative to 2019 so we're in an excellent position we're seeing a strong start to the second quarter, including easter holiday, and are planning for another good holiday season. >> now, when i first met you, i was dismissive of your ability to turn around american girl i thought it was a franchise that just had it you have injected new life you now have third consecutive -- i mean, this is just rather amazing. another quarter of what i thought was a dead brand how do you resurrect something that everyone had written off? >> well, american girl was up

22%, just great performance. we're very encouraged by the results and expect improving performance in '21 relative to 2020 american girl direct to consumer online retail was up 73% just tremendous performance. it is one of the most cherished brands in our portfolio, and in fact, across the industry. so a lot to be excited by. the turnaround is working. the transformation is accelerating, and we have great confidence in the continued momentum of american girl. >> let's talk about financing for a second again, when i met you, i said are you kidding me with this balance sheet? yet here i see you have taken out a huge amount of interest expense. >> that's right. with our refinance, we reduced our spend by $40 million on a full year basis. our free cash flow continues to improve consistently our free cash flow in the

trailing 12 months was up four times relative to where we were a year ago our leverage ratio continues to decline. it is now 3.3, down from 4 at year end, and at 7.5 a year ago. so we're making continuous progress on improving our balance sheet, and we plan to use our excess free cash flow to reduce more debt in the near term >> do i have to worry that you did not raise guidance nearly as much as you did well this quarter? i guess i could have hoped i wanted double-digit raise. you didn't give us that. >> this was an incredible third quarter in a row where we grew double digits. and we are seeing continuous momentum we believe we are well positioned to gain momeant frm the full year, and grow market share globally with that performance, we have raised guidance, both top line and on ebitda. top line is now revenue net sales are expected to grow at 6% to 8% in currency, and our ebita

is expected to grow regarding new growth, new guidance of 11% to 15% so good momentum for the company. we're looking to accelerate the growth and continue to improve profit profitability, and we believe we're in an excellent position to do that >> once again, this man came on when the stock was at $8 and everyone said that's a dead franchise. talked about brands that couldn't be resurrected. he did everything he has promised and then some thank you, ynon kreiz. congratulations on an amazing quarter. >> thank you, jim. >> look, it's cheap again. you see stock, even though it went up in '22, it's cheaper because of how great the earnings were. and the balance sheet being fixed. "mad money" is back. coming up, can intel inspire investors to go all in on innovation cramer's got the ceo of the chip making icon fresh off earnings, next

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for decades, intel reigned supreme as the king of the semi-conductor industry. the last few years, it's been dethroned thanks to a surge in competitors and innovation after a series of delayed and not so great numbers, the company ousted its ceo and brought in pat gelsinger to turn things around. since then, the stock has made a comeback, and tonight, he delivered his first earnings report as ceo. results were good. big top and bottom line beat, made impressive by the fact intel preannounced to the up side a month ago however, the stock pulled back after management gave mixed guidance for the next quarter. i think the market's judgment may be too harsh

what matters is the long term vision let's take a look with pat gelsinger, the new zeo of intel. learn more about the quarter and his plans for the future welcome to "mad money. >> hey, jim. it is great to be with you it's been too long since you and i have chatted, and great to be on "mad money" tonight thank you so much for the opportunity. >> it's been many a year and i am thrilled to see you in this role. pat, you are an old hand at intel before going to vmware how has intel changes and how do you have to change intel to be back where it was when you left, where we know it was the world leader >> well, hey, thanks, jim. it really has been, i'll say, it's been my dream job and after my 11-year vacation, as i have called it, and eight great years as the vmware ceo, being back is really a thrill. and you know, the things i have laid out, i said four things we need to do, exculate, execute, execute. we have the have the discipline, the process execution, every

aspect of it, leadership products in every category we're in have the innovation engine alive and well and finally, rebuilding the culture. and as i have come back, you know, all of those have sputtered a little bit there have been execution issues, well reported. some of the challenges in the innovation and our process technology we have to get that back on track. you know, we're an industry category creator we have to have that innovation, and as i called it, the grove culture. going back to andy grove, my mentor for 35 years, getting back to some of the basics data and engineering and being ready to have the tough, direct, transparent conversations. and i'll tell you what we have seen in the short time i have been here. you know, it's like a desert where you have the first rain. right? flowers start blooming all over the place. people are excited people are coming back to the company. and the engine is getting started again. i'll say, intel is back, and so am i

>> let's talk about what has to change and where intel fell back that it has to reassert itself there were questions on the conference call that were a little bit, i would say, pointed about cloud service providing, the numbers. they were down year over year. and obviously, it's gotten to be more crowded you have amd in there, you have arm, nvidia moving in. a lot of competition, pat. how can you leap frog them given the fact that they're all very hot? >> yeah, and overall, you know what we said this last year was a big year where they built up inventories and built a lot of clouds and now they're selling out those instances. so first half was lower just cy cyclicly, and we expect and we're starting to see signs that it's starting to build up as we go through the year for the cloud provider as you say, the space has gotten more crowded they're saying maybe i'll do some of those chips myself we're also seeing others saying, huh, that's a pretty good market

intel got. maybe i can get a piece of the action first, we have to get our own execution back that's what we focused on. we just launched our next generation zon, you know, 50% plus performance improvement 70% plus improvement on ai workloads, so we have to get the execution. but the other thing that we did, jim, we also said, hey, we're going to have a new model for how we work with the industry. we called it idm 2.0 integrated design and manufacturing. and with that, a foundry service capability where they can bring some of their ideas and combine it with our ip and the combination is better optimized toward their environments. before, they couldn't do that with intel now they can the response from the cloud guys has been incredibly positive this new model of innovating and co-working and being able to create more optimized cloud environment, because there are such enormous scale, even modest

optimizations in their cloud environments give them huge gains. so the response from all of our customers we have seen great when i announced this back in march, jim we saw google and amazon and particularly microsoft and satya joined me on the announcem, all of them very positive on the strategy we laid outs. good response, but we have to execute and make it real in their environments >> let me -- you want to execute. same time you're taking the burden of america on your shoulders. you want to build foundries here i was looking at the numbers of all these equipment companies. only 3% of things are made here anymore, pat it's because we're so expensive. but it's also a national emergency that we do it. you have committed to doing it the other guys are kind of taking it free ride or roll. government says it might spend $50 billion on this. why not let the government do it in some sort of partnership, because it shouldn't be on your

shoulders? >> well, you know, what we said, jim, is this is critical it's critical for the industry, for our nation, you know, for the world. we need a more balanced supply chain. what's happened over the last 25 years, we go back 25 years, u.s. manufactured 37% of the semi-conductors of the world today, that number is down to 12%. for something that is underlaying every aspect of humanity, everything is going more digital, and everything that's digital runs on semi-conductors. this is critical the world needs a more balanced supply chain across asia, u.s., and europe and that's what we have stepped into we have said, hey, we're going to put our chips on the table. i just announced a $20 billion factory expansion in arizona i also said we're expecting to announce our next major location later this year. so we're investing we're betting, we said we're ready to go faster, ready to go bigger with further incentives by the government.

and we're seeing great response, and biden's job plan includes r&d, broadband, and $50 billion for semi-conductor manufacturing. we're saying that's absolutely the right thing to do because this decline from 37% to 12%, we want to stop, and we want to see it come back the other way governments around the world invest in this industry. they see the importance of these jobs, the importance of these technologies so in some cases as much as 40% of those that i said $20 billion i put on the table, are being paid for by the governments. we need help to be competitive we need help to go faster. and turn around that response. but we have seen great support from the administration, congress, by both the democrats and republicans, clear bipartisan support everyone is seeing the importance of this, and clearly, after covid, the automotive shortages. all of those have re-enforced how critical this is for our nation, and we're pretty excited to put our chips on the table, but to make them bigger and

broader as a result of government help. >> look, for a long time, i was an intelaholic i worshipped andy grove. i did not under the jerry sanders amd think much of amd. pat, amd is back it's strong. how can you challenge them when they are -- have gotten so much good - >> well, one of the things and let's go historically for a moment, jim. one of the last projects i did before i took my vacation from intel was a server turnaround. and back in 2003, you know, amd did a great job. they did some innovations, intel stumbled a little bit, then we came roaring back. and that was one of the last big projects i did for intel and guess what we're going to do, jim. we're going to come roaring back again. and the hole that we're in over the last several years isn't nearly as big as the one we had back in the 2005 timeframe and the assets that we have now and our process, our product,

our packaging, our software investments, are much stronger so i'll say, boy, we are out to compete. we're going to be aggressive we're seeing really, really good response i mentioned this product launch, the new server for data centers in cloud great response from the customers. we're seeing a strong early ramp from that. so i'm feeling very confident that good execution, you know, good delivery of our process improvements, our software assets, new capabilities like the a.i. we're bringing into these chips,we're on a good footing. >> we're going to hold you to it as we have always done i can't wait to see it it's good for everybody. it's good for the country. that's pat gelsinger, the new ceo of intel, an old hand who is back "mad money" is back after the break. next, saving the planet. world leaders committing to new challenges and goals in the fight against climate change plus, the push to lift outdoor mask rules the facts, the truth, the news

with shepherd smith, next. cnbc this is wealth. ♪ ♪ this is worth. that takes wealth. but this is worth. and that - that's actually worth more than you think. don't open that. wealth is important, and we can help you build it. but it's what you do with it, that makes life worth living. principal. for all it's worth.

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it is time it's time for the lightning round. and then the lightning round is over are you ready? we start with joseph in new jersey joseph >> caller: thanks for taking my call i wonder what you think about a health care company, you could also say is a technology play. they're around 35% since the ipo a couple months ago. what do you think about oster health >> i don't need it because united health reported an unbelievable quarter and there's no flies on it james in ohio, james >> caller: boo-yah, jim. hey, i want to know, is it too

late for me to get in on align technology >> i have been saying it's too late for a long time, and it's not. you know why because this is the quintessential selfie stock. all people wanted -- what a chart. all people want is to look good and feel good, and align does that by the way, just so you know, my wife says i should get align that's not why i want to do it pauline. >> caller: boo-yah, cramer i'm in the house of pain my stock is down 50% do i sell incigo >> we had the guy on, the ceo. i thought he did a decent job. the stock just keeps going lower. maybe there's something he and i don't know i don't know enough is enough not saying buy but not selling it down here i need to go to ken in georgia ken. >> caller: hello, jim cramer, from the city too busy to hate >> well, i like the falcons. i do

chuck robinson is from there that's why what's up? >> caller: should i sell or wait until it gets back to $30, $40 territory. >> that one broke up a little. >> caller: luminar >> oh, you know, we have been looking at these autonomous vehicle plays. i have to tell you, frankly, i'm a little gun shy given the fact that we can't seem to get the technology right i put that one in the more of a long range camp. not anything near term how about we go to trevor in indiana. trevor >> caller: hey, cramer how's it going >> i'm having a good day how about you? >> caller: great so my question is on ptcf. >> are they out of nowhere, huh?

his is a food company that everybody wants to talk about. i think it's got a real good brand name that actually has some pretty good food. i'm not going to be against it i am for tattooed chef, but not aggressive it's very expensive, and that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders—they're made by them. thinkorswim trading. from td ameritrade. 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?

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wall street loves stories that are easy to understand.

when johnson & johnson has a good quarter, we get it. comparisons are straightforward. not just quarter after quarter, but category after category. hey, same thing goes for pepsico. snacks, pbeverages. nobody is confused about food or pepsi. or how about this morning with southwest air reports the seat miles versus the rest of the industry we know who's doing better or worse. it's all apples to apples, isn't it then you have the hard to understand groups. the semi-conductors, and we stumble. what part of our computer is nan, cpu, gpu, rf, you name it how much cell phone exposure is too much who the heck is too dependent on apple? something that can be tough to figure out you don't talk about being an apple supplier they don't like it then there's a hardest of all, i mean, i'm talking about the hardest of the hard when i analyze stocks and you do, too i'm talking about the

semi-conductor capital equipment companies. the companies that make the machines you need to make semi-conductors. like come on, we all know they want smaller, faster, better devices which require smaller, faster, better chips we need them for cars, wearables, cell phones we keep hearing there's. no manufacturing capacity. that's a shortage of factories to make the chips. we know we need lam research unfortunately, it's tough to get your head around last night, lam research reported and the response was incredibly confused. stock volted 30 points only to give it back this morning and then some, plunging to finish the day down $26.71. a pull back in tech, also because people didn't understand huge and ugly swing. i have been a fan since it acquired novelis, the terrific company built by rick hill that made our viewers so much money it has been a juggernaut, one run by tim archer. but here's the problem

unless you're deep in the weeds of wafer fabrication equipment, you really don't know how lam is doing. their conference call, frankly, is a little opaque blah blah blah we know those products are in growth mode, requiring more and more semi-conductors it doesn't tell us anything. you know when you hear about chip shortage, you need to think about lam because they make the machines and to add capacity as fast as possible, but there are only a handful of them. you can count on lam to have strong earnings for years to come because this is the ultimate secular growth story. pretty much every semi-conductor plant in the world is operating as maximum capacity. you can't add more chips without the likes of lam and kla, those are the four major players today, there was huge debate raging behind the scenes about whether this economy is already at peak performance. that's incredible. in which was it would be time to ring the register on the red hot industrials we talk about all the time they have had big runs

they now reflect a much stronger backdrop isn't that how dow chemical stock can get crushed after reporting a magnificent quarter? it's why we get a research report arguing deere is at peak earnings and the stock is down 7%, and why everything connected to housing get kit i reject this. peak performance, are you kidding me we have barely begun to reopen i think the economy can shock to the upside, and many companies have their exposure to europe, and the pandemic is still spreading there like wildfire. however, some companies simply don't need a strong economy. companies like the semi-conductor capital equipment plays, companies like lam research they need the pattern of history to keep unfolding like it always is no matter what, we're going to xeep using more devices powered by smaller, faster chips digitization isn't going anywhere go talk to intel tonight so please don't get lost in the details, and don't fret about

today's decline. especially since it ran up the report if you focus on the big picture, then you know that lam is a buy not a sell when it rolls over just like it did today i would like to say there's always a bull market somewhere i promise to find it just for you on "mad money. i'm jierercrcrm m amam see you tomorrow the news with shepherd smith starts now >> a memorial for daunte wright. his funeral today in minnesota i'm shepherd smith this is the news on cnbc >> earth day, and a planet in crisis >> the united states isn't waiting. we're resolving to take action >> the president looks to reashirt america's role as climate leader while the white house hosts a global summit. >> a surge in attacks on asian-americans, bipartisan breakthrough in washington >> hate and discrimination against any group has no place in america >> the covid-19 hate crimes act sail