>> guy >> cyber securities space, mel fireeye into a meeting this thursday you guys are succinct. thank you for watching "fast money. see you tomorrow at 5:00 do not go anywhere "mad money" with jim cramer starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job is not just to entertain, it's to teach, put days like today into context because i know you need it call me or tweet me @jimcramer forget no country for old men. this is no market for young

investors including today where a hideous tech sell off crushed nearly everything. the dow sinking 35 and the s&p plunged 1.04 3% and the nasdaq plummeted 2.55%. if you're a grizzled veteran like me, this market is pretty straightforward. for the younger ones, it can be confusing and terrifying and tonight i'm going to change that tonight, i'm giving younger in investors my handbook of why the stocks will keep winning along with why the stocks melting down will likely keep melting down until they merge or trade at levels too low to be believed or for something that makes the selling stop i dare not know what that be i say this is a market for grizzled veterans because if a company has only been publicly traded for, say, let be arbitrary, a dozen years, it's most likely getting crushed right now.

these modern stocks are what we call in the business sources of funds. and that's what drove today's sell off sources of funds it includes many stocks in the nasdaq where they got really ugly today there are so many of them and they have become untouchable from now if the underlying companies are doing well and we have two tonight they are doing very well. the stocks are so awful by the end of the day they managed to drag down nearly everything. not just the nasdaq if you're in the semi conductor business, chip business and the stock trades on the new york stock exchange, it's been alienated, too. remember, i showed you frito lay chips and a semi chip. one tastes better than the other. i'll talk about that later in the show right now i'd rather focus on the groups that are working. there is always a bull market somewhere. when i say the losers have become sources of funds, we have to talk about where those funds are going. where are the remaining bull markets? remember, 40% of the s&p was up

at the beginning of the day. that wasn't the case at the end of the day and a bad tape like this, the stocks that work stick out like sore thumbs, let's go down my sore thumb stock list. little cinema. okay first, if a company mines or extracts minerals as long as it's not a spac play, its stock is roaring even if it got hit this afternoon al alcoa, their aluminum is used to make cars lighter. their copper is used to build everything especially electric vehicles especially for cars, so it's a good time to be in the copper business i remember when phelps dodge -- that used to be the biggest copper company younger investors probably haven't thought of all the

things aluminum or copper go into i can't blame them if you came into age then, you have no reason to think about alcoa or freeport. what would ever worry about them but the economy is booming now and this is what works during a boom and you have to understand that a boom drives you out of some stocks into the others. i don't care for the oil industry in general. i trust chevron more than any other. i like pioneer natural resources. i can't blame anyone who wants to avoid fossil fuels on prince pill that you have to know why their stocks are roaring here. you need to see these are demand driven, meaning a customer is desperate. then there are infrastructure stocks because we have an infrastructure bill. if you own anything steel, anything that can be used to make steel or move steel or dig holes or take minerals out of the ground, you have a winner. caterpillar is the best bunch. and that acquisition is finally

paying off it mining equipment. plus, they make everything you need to build new highways take terrific holds and move a lot of dirt. united rentals has a ton of machines their renting them, hence the name next up is a company that builds houses t stocks that can find builders, that's the demand from housing that has to do from moving with the cities off the charts. between low interest rates and the covid driven cities, you won't be able to find a nice house that doesn't have multiple bidders meaning you have to pay more than you thought. you borrow the money, which is cheap because the fed wants to keep the economy moving and create jobs. means lennar, toll brothers, d.r. horton. that love extends related to anything with home improve the and home furnishings william so ks-sonoma on the higd and way fair on the low end.

black and decker, we had them on they sell goods and tools to renovate best buy, yes, how about a home theater? winners. if a company makes a consumer product and has a good brand name, that's a winner, too think pepsi co tahanks to a wea dollar these are more acts ever -- attractive because they are competitive overseas and dividends so they get support on days like today. if a company takes goods from one place to another, particularly steel, you have to have something worth buying. right there. moves it from here to there i'm a buyer. j.b. hunlt, norfolk southern. a bank, any bank why? because banks are being reviewed by the government and if they pass the stress test, they get the buy back stock and raise dividends. the financials are early cycle names and make big money when the economy starts booming mall stores incredibly are back.

simon properties good number tonight but i'm looking at l brands, american eagle outfitters, gap. that's the lag trade your stocks did fine today if a company does anything agriculture fertilizer or deer ag colorado, it's a winner all sorts of crops selling at all-time highs you want to be in this business. if a company makes chemicals, they're making big money demand is strong but supply is limited because winter storm yuri took. it's storied and has a buy back, it's stock will attract buyers if it's not a particularly good drug company the market has no problem with imme mediocre houses. the stocks that held up today are the ones that belong to companies with products in strong demand while supply remains limited. remember that class you took you can say the same thing for the stocks themselves, more buyers than sellers.

it's become a supply and demand market, not a market share market or a land that expand market or total addressable market or a go-to market too many younger investors only know what they see in cell phone and apps and games and short positions but they don't know what is right in front of them all this iron and steel and aluminum machinery, in part because those stocks spent years lost in the wilderness and now they found it. the bottom line with a booming economy, everything new is being sold while the old school products also have stocks that are in short supply, which is why they held up so well in the on slot and keep climbing if everything else keeps going down so buy the sore thumbs write them down. take a picture snap a picture these are sore thumbs. i'll throw in steel if you want, too. because the others, well let's just say you got to wait until the coast is clear i want to speak to josh in iowa, josh

>> caller: boo-yah jim from the corn fields of iowa. how are you? >> good. how about you? >> caller: great so i already have a position in domestic steel makers. >> okay. >> caller: i've been looking at adding one of the biggest multi national steel producers and i watched their -- most of their best quarter one earnings in a decade because of the steel shortage and all these crazy high steel prices so i'm wondering your take -- >> no, actually, i like the one, the division they sold off the cliff, clf and let's not forget new core it terrific. it a great, great company. all right. now we're going -- oh, man there is stocks getting killed even in the after hours. let go to john in california, john >> caller: boo-yah, jim. >> boo-yah, john what's going on? >> caller: i want to ask you about narvartis. i've been in the name for years reinvesting the generous dividends. >> right. >> caller: i feel like the stock struggled to break out above 90 --

>> boy, are you ever right about t that. >> caller: time to sell? >> yes i have a half dozen drug stocks i like more than that. the conference call on thursday for the club members of action alerts, go over it you can own bad drug companies and they will work but not those guys i want to go to john, this time john in michigan, john >> caller: hey, jim, i love the show. >> awe, thank you. >> caller: and i was -- i'm a builder in michigan and whatever i've seen lumber prices triple like this, i've never seen them go back down i wanted to know what you thought and what you think of wire houser stock. >> it's a very good company and probably the right way to play this i think at some point there will be a tipping point but probably not until the fall unless president biden says he want to canada or told the canadians we'll take the tariff off, you're going to be stuck with this. they have a lot more wood there

than here. trees, we have a ton of them we need more saw mills the old school companies have products that are in short supply and their stocks are in short supply, too. i want you to remember the sore thumbs i've actually decided to cut the circulation from my finger so you'll remember the sore thumbs when things get better on "mad money" tonight, if you're trying to get a sense of the market's attitude towards cloud stock, look at ring central with the stock cut in half, could the decline be a red flag or buying opportunity we'll talk to the ceo. with memorial day around the corner, i'll see if the starter summer can signal the new investment strategy and an auto company you want to hear about and the analytics are driving business decisions with the covid pandemic pushing companies to data driven digital transformation but will it matter i'm eyeing one company banking on the trend but you may not want to bank on it so stay with the sore thumbs, remember, i'm

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what do i mean when i say a group of stocks has gone out of style on the wall street fashion show wh that's one of my favorite statements the software play and the video kicker that actually competes with zoom. even after plunging from the highs in february, ring central still can't catch it last tuesday they reported a

truly excellent quarter. clean beat the stock got crushed down 20% last week. at this point sinring central i down it rolled back nearly all of the gains during thepandemic of course, there is issues here. the subscription guidance is confusing and they are in a legal battle with zoom but can they justify the decline when the underlying company has strong numbers isn't what we have to know about? let's take a closer look with the founder and ceo of ring central. welcome back to "mad money." >> hello, jim, thank you so much for having me back. >> all right first, let's talk about really good news that you had today it looks like you've got another big partner, maybe the biggest, which is verizon what does it mean? your partnerships have historically produced numbers for your shareholders. >> we have partnerships.

verizon is the latest we announced yesterday. it's one of the top two u.s. carriers, service providers. it's actually along with at&t the two of the top ten worldwide. a few months ago, we announced vote a phone group so that would be three out of the top ten worldwide so we could not be happier with this progress and with this traction and confidence by these major companies. as far as what it would mean, look, verizon is verizon they speak for approximately 40% of our u.s. market we're starting with them with their enterprise segment that's a first for us. so those are companies with 1,000 plus employees verizon happens to be serving 99% of fortune 1,000 companies.

>> of course, we're trying to find out what is going on with stocks and why the stocks seem to be diverging from the companies. the pandemic is proving to be a catalyst to pull forward of awareness and adoption i wonder why people say let's pull forward let's pull forward. >> yeah, no, i think it got misint misinterpreted ring central is not a pandemic story. ring central is growing consistently at 30% for many, many years and as a matter of fact, just last quarter, we showed numbers that as far as growth is concerned, that we lost when the company was less in the service site.

so it's very hard to maintain high growth when you have a large base to grow from. so we are seeing green lights everywhere and what we meant by the comment on earnings is saying look, with the pandemic, people are even more open and more alert to the infras infrastructure these are come cisco, companies like that. so that infrastructure is now dated and needs to be replaced by the cloud with the pandemic hopefully being almost over, we're seeing improving tail winds and actually, we had a very good april, as well. >> good month of april and all that news, could it possibly be this spat that you're having with zoom where zoom says that you're still the marketing to older clients. i know you got ring central

video now. older clients are using zoom and they ask you to stop and you can't to do it could that be confusing people into selling ring central? >> i hope not. certainly we don't see the result i believe that our customers and our prospects are first and foremost are heavy with ring central video which is our proprietary product. most people, vast majority of people are going with rvc to begin with look, jim, there are multiple ways to end relationships and we had a strong partnership with zoom for over eight years and there are ways to wind down gracefully and then there are other ways unfortunately, zoom chose the latter but look, we have our 20-year history and our outlandish partnering with the

best of them verizon being the latest installment. >> right. >> and our record will speak for i ourself. it unfortunate how this played out but the big scheme of things moving forward, we do have a world class proprietary product. it enjoyed by all of our customers at this point, our new customers as well as all of our new partners including verizo. >> congratulations on the win. let's see what happens with whatever is regarded as very high price or sales and priced earning stocks, that's what is going on because that quarter was an excellent quarter you put up founder and chairman and ceo of ring central always good to have you on the show, sir. >> thank you, jim. >> look, it's not -- it's not the company. the numbers were great that's founder and chairman and

ceo of ring, rng take a look at it. if you don't come back, right now these are out of style "mad money" is back after the break. >> announcer: coming up live from new york it's elon musk cramer goes off the charts with tesla and more next

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forget sell in may don't go away that cost you a fortune if you buy the dow jones. if you want to trade based on the calendar, you need to be rigorous about spotting pa patterns that's why tonight we're going off the charts with the legendary technician trading stocks since i was little. great writer written more than a dozen books and technical indicators, too. most importantly, williams is the master of spotting seasonal

patterns that can be games, not game but predictable and we have a big one coming up. the stock can't come up soon enough because boy, we're struggling i'm talking about the memorial day trade. williams is talking about the memorial day trade since he published the secret of selecting stocks in 1973 greatest, the stock today but the overall pattern still works so what is it? i'll show you the chart and i'll show you the history, okay so you need to write down the name of the stock but you'll get validated here you can think of them as summertime stocks. the companies that naturally do a lot of business over the supper, sporting equipment or outdoor furniture or kings ford. maybe that's why clorox stock acts so well at the same time williams points out car sales pick up in summer, too. the auto makers exhibit the same seasonal pattern more uptick in retail sales as

rising tide, this is not to be done tomorrow this is to be done on the eve of memorial day we have other problems but this is going to work, i think, we'll start with the auto makers, specifically one that can't get out of it's own weight, tesla and one that has a lot of adherence, general motors. look at the chart of tesla the line in red is the seasonal forecast, okay so look at that, that's not bad, right? is how it works, if you buy the summertime stocks the trading day before memorial day weekend which is in three weeks and then sell them one to 15 days later, you make a bundle. in the case of tesla, if you bought it one day for the holiday, with a ten-point stop loss order and then sold it ten to 15 days later, the average is an astounding 5 to 8% gain and for tesla holders, sufferers, that wouldn't be shabby. best year for the last ten

years. if you're looking for an entry point, it's not the sat"saturda night live" but this next up, general motors. once the seasonal pattern shows you summer is a testifrrific tio own general motors you averaged about a 2% gain historically in other words, up from late may through mid june, the aurt toe m -- auto headamakers are winners i'm partial to ford but it been stalled. but that's more of a medium term play gm might be the better summertime stock given the incredible quarter they reported i want toens cancel people i don't recommend calls on the show but i know that that is something that could give you, that could magnify the gain here if you want to i'd buy the in the money how about the peure summertime

name the subsidiaries with a 42-year history meaning we have a lot of data to test this season if you want newel the day before memorial day your best bet is to sell it after six trading days the trade is successful every year for the last 42 years if you're willing to hold for 15 days you know you average a larger gain that trades only work in 4 1 of the last 42 year meaning higher risk. the largest retailer of rvs and motor homes in the u.s there is a terrific bull market in rvs they sold so many they came into 2021 with incredibly low inventories which is incredible

for pricing. people who have been hiding indoors feel safe going outside again and even as the great outdoors was always safe let me just say that this quarter was incredible camping world hasn't been around for a long time. williams points out it's the same patterns in the summertime name ifs you bought camping world the day before memorial day weekend and sold it 15 trading days later, you averaged 3.3% gain. this worked every time a pretty small sample size and it can't be a more seasonable pattern and looks incredibly bullish given the fact it had an amazing quarter nobody cared about. finally, let's zoom out as summer comes around people tend to put up wallets and charge on credit cards williams says visa has a terrific track rally based on the seasonable pattern of daily chart, visa should be good to keep climbing to mid june which jives with memorial day data speaking of memorial day trade, if you bought visa at the opening on the last morning before the holiday weekend with

a $4 stock loss and then sold it any time within the next 15 days, you would have made money every year for the past dozen years. the best time to sell based on the data is nine trading days after the holiday. that's what you see with the seasonal pattern that predict as s a rally by mid june. i happen to think each of the stocks works as a longer term investment right now gm, tesla, newel brands, camping world, visa. you don't need to trade in and out of them. i don't like that when you do. you can buy them now, park your money there, as long as you keep up with the homework to make sure the fundamental story sticks out but the bottom line, the chart is interpreted by the legendary larry williams as we approach memorial day weekend, you have an incredible trading opportunity in thesummertime stocks if you pull off the trades and do calls, i bless it. these tend to be moneymakers

let's go to nicholas in south carolina nicholas >> caller: how are you doing i'm talking about ely, callaway. they own top golf with everyone coming out of the lockdown during the pandemic and summer approaching, calloway looks strong to me what do you think -- >> i totally agree with you. i think the world of callaway. this is exactly the kind of stock you want to be in. it a really good call. our viewers are incredibly start. let go to kevin in florida, kevin? >> caller: boo-yah, jim. >> boo-yah. >> caller: i want to ask you about five below stock it done well during the pandemic and it jumped significantly from last quarter innings and changed the business model and don't have items greater than $5 do you think this stock is a good investment? >> it's a good long-term inve investment there are periods five below, there is a moment in time this stock swoons i don't understand it. it tends not to be in congestion

with the news but you have to wait for the swoon because this stock does swoon and i don't want you to get hurt and jim said to buy it today no the memorial day trade has a long history and the chart suggests you have incredible trading opportunity for the stocks but this is -- the test of time. all right, much more "mad money" ahead. i'm sitting down with the ceo of alter x and that is about the digital transformation that nobody seems to care about at all right now. then why -- there are just too many defenseless stocks in this market like that rabbit being chased the social rabbit but gets caught stay with me all your calls, rapid fire in tonight's edition of the lightning round so stay with cramer my retirement plan with voya keeps me moving forward.

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take alter x, the analytics platform with the stock that peaked at 185. tumbling to the high 7 0s. in a lot of it is the rotation out of tech. but it didn't help when the company gave discouraging full year forecast back in february now last week, though, alter x reported a better than expected quarter. they raise d the guidance you see how hard that is it's tempting to declare that alter x has been punished enough but before we call the bottom, this incredible market we need a better sense of story itself so let's check in with mark anderson, he's the ceo of alter x to learn more about the quarter. welcome back to "mad money."

>> hey, jim, thanks for having me on. great to see you. >> it great to see you, mark the conference call was beautiful. i'll pick one line and allow you to explain to people that are too hold to understand they can no longer -- this is a company, can no longer tolerate knowledge workers delivering low strategic output for the enterprise so you're talking about very smart people who work in companies who are using the wrong products and if they use yours, things would go much faster >> yeah, i think so. digital transformation is nice to have to have to have in the midst of this pandemic companies realize they have to functionally and digitally transform and they can't do that unless they transform the skills to knowledge workers. >> i think there is a fantastic client that will give the people the view of what you do.

the u.s. census because we're all part of the census, 330 million of us. they used to do what would take weeks happens in minutes how is that possible >> that's the power of automation and really, what we do for our customers is we take those knowledge workers that might have just basic skills on older 30-year-old software programs and we with a few days of training transform them into citizen data scientists by really using our very easy to use comfortable u.i. drag and drop to really help them get a handle on the data that is just sprawling all over the enterprise and i think it happening with every government, every customer i talked to. >> that's important to know 39% of the global 2,000 currently use you. now, i have to imagine when you can save 4,000 employee hours in a social media company, what you're able to do is make it so

you have a much neater operation and less expensive operation and people who frankly are from an older generation still using spread sheets unless they want to be retrained don't fit into the organization. >> yeah, you're so right, jim. i think, listen, i got a couple daughters in their 20s coming out of school with skills well beyond these old world software platforms but i think the story here is for us to deal with this massive shift that's going on in the enterprise, we've had to transform ourselves. we really started taking a hard look at our go to market and took a look at how we were delivering our innovation and putting it in the hands of customers and we went to work, you know, at the beginning of the fiscal year to really drive a transformation there so we put the right resources in front of the right customers and have the highest predisposition of need for innovation and it started to make a difference as you can see

from our results. >> absolutely. i see you just named a paula hanson chief revenue officer and got a very big conference, the inspire conference may 18. what will we learn at that conference >> gosh, this will be the first ever global virtual inspire and we've got well over 10,000 zellets, i guess i can call them, coming to share best practices and learn some of these best practices and really get accreditation and certifications to be better in their enterprises and i think the thing that they're going to hear loud and clear is we're taking a big step forward with a journey to the cloud that we'll announce next tuesday on our new chief product officers keynote and they're going to learn about these really important partnerships that we've developed, you know, key integration partners on the technical side like u.i. path and snow flake where our customers are looking for us,

the vendors to work together to integrate our innovations so one plus one is a lot greater than two. really excited about paula, as well. >> you talk about pwc, adobe, these are companies we know and if you're in league with them and helping you and you get -- you have yes -- i don't know if any of us speak at the conference but mercedes benz, krakr a k kraft, heinz i know you want to go bigger in the inners of a company. you're going for big i think that's right small to medium is not where the money is right now. >> well, you're right. and, you know, i think, listen, we'll go take care of our small to medium sized customers with partners, you know, important for us to have partners that can build a business that can monetize that for us and deliver those customers with the right class of service but we've really tried to narrow our focus with sales people and customer success managers that

will be pointed at the largest customers. the global 2,000 and large government i think that's where we think the vast majority of the total addressable market is. >> couldn't agree more i was glad about this change in direction. that's mark anderson, the ceo of alter x. look, we're in some sort of sell mode but in the is the company that helped people save a lot of money and be just much smarter thank you so much, mark. great to see you. >> thank you , thanks, jim, take care. >> these stocks will have their day. it is not right now but you got to remember the good ones and this is one of them. "mad money" is back after this >> announcer: coming up next. >> let's make money together what do we got. >> announcer: cramer is bringing the thunder and answering your burning questions in today's edition of the lightning round

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before we get to the lightening round, tomorrow health care exploring the crisis in the lasting effects of the industry join leaders from pfizer, eli lily, the cdc and more and we'll talk with the abbott ceo robert ford, do not miss it register now at cnbc to help returns and now, ladies and gentlemen, it is time for the likening round buy, buy, buy, sell, sell, sell and then the lightning round is over are you ready?

>> caller: how are you, jim? >> what's going on >> caller: i want to thank you for your help. it's been a blessing to me. >> say it on twitter, man. i need help over there all right. we'll go to work >> caller: i want to know about home bank shares, a bank out o they're an american bank -- >> okay, it's a good situation. i like all these thankbanks. i like it. let's go to patrick in new york, patrick? >> caller: aloha, how are you? >> i'm good. how about you? >> caller: you had about a month ago suggested i buy an airline, any one and i did. i picked my favorite, hawaii holdings, hawaii airlines and it's up 37% since then and

almost at prepandemic peak of $30. >> yeah, but it's a winner because we can go to hawaii and not worry about the craziness overseas that's why i like vegas, too it remains southwest air let's go to mike in california, mike >> caller: boo-yah thanks for having me on. >> thank you. >> caller: i got a stock that was a back to school reopening play it's up 190% since i joined it i'm wondering if i should ride it a little longer or ride off into the sunset after ringing the register part of the publishing can harper collins and closed the deal for $349 million. the stock is hmhc. >> i have to -- i can't cuff this one i have to do more work because

from the old days, it's not the same company i'm sorry i'm not readily and on top of it but i have to come back let go to hugh in illinois. >> caller: thanks for having me on. >> glad you called. >> caller: i got a question about a stock i've had for about six months and increased my position in several times. >> okay. >> caller: the customer base in revenue is increasing and they made great acquisitions. i want to know your thought on teladoc health. >> there are too many stocks in the business there is overwhelming supply of companies that do that and not as much demand so i'm going to have to say no, i would not buy more teladoc let's go to braydon in illinois, braydon? >> caller: boo-yah, jim. >> boo-yah, braydon. >> caller: thank you for taking my call.

>> okay. >> caller: i was in college watching your show and i bought cars to purchase my first stock. >> excellent >> caller: my first question is marat marathon petroleum. >> i love marathon it had a big move and i'll continue to buy it it reversed today. it's a really good opportunity i like that very much. that, ladies and gentlemen is the conclusion of the lightning round. c >> announcer: the lightening round is sponsored by td ameritrade coming up, redun dredundant next dant next.

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at the top of the show, i described today's masseacre because i always have to find the bull market. let talk about the victims the golden goose gets killed when there are too many ipos and secondary offerings because they flood the market with excess supply and that's exactly where we are now there say glut of new stock d digitalization and money managers back in charge of stock price movements. we got too many analytics names, too many video conferencing plays, too many video collectors

and app analytics providers and don't get me started on electric vehicles or cannabis the result we're facing a bewildering number of publicly trading companies that do the same thing impossible to differentiate and understand unless you're already part of the industry and most people aren't. why does that matter because these stocks are what i call defenseless stocks. they have no protection against inflation, far too many of them sell at high evaluations and maybe earnings and the value of the future earnings. losing fortunes. countless the play is over when they talk about go to market strategy and the huge potential market what needs the buzz words when the company is growing at a 27% clip but losing boat loads of

money. we have industrials growing at a 27% clip or faster and spewing cash the biggest problem is to figure out what to do it for? growth companies and more balanced policy. those buybacks that you saw, the dividend yield attracts more buyers but the software is a service land that aexpands name and makes them much more vulnerable to sudden stocks and shocks they're defenseless. these companies have to ring the register and wait for the lockup period to come to an end they sometimes have huge gains which is why they're eager to sell if the stock is down 30 or 40% from the highs or more they're defenseless against the spacs out there while there is good spac names, there are way too many bad ones with too much stock sloshing around.

i keep thinking about the secondary. i don't mean to pick on one company but it visible mp materials, we've had them on. the second offering in late march where enemies controlled by james who was on our show sold 4.6 million shares a deal price of $35 of course, that was only a small percentage of the holdings and many insiders sold, too, but that's not the point a couple weeks before the secondary, this stock traded at $50. if you use the weakness to do buying, you got annihilated as mp materials continues to fall as of today and i'm sure they will be upset that i singled them out i could have picked many companies, but they're on the show the tree measure of success is how much you manage to sell before the stock got cut in half there are hundreds of these things and when you consider all the warrants out there, you know the market is going to be overwhelmed with this stuff. this is precisely what i didn't want to happen you won't see the secondary for

caterpillar or eli lilly or stanley black and decker or any stocks i mentioned at the top of the show there are people willing to buy these incredibly risky stocks like cathie wood who did knock it out of the park with her favorite momentum stocks because they were flying but she's having a terrible year in 2021 trunks in large part to the stock glut i don't mean to pick on cathie wood, either she's had an incredible understanding of the orld norma. too much conviction can be a dangerous thing. none of the managers want to own a woodstock. so what is the end game for these stocks that the economy keeps heating up and allows inflation. there is not enough money from young people or efts and too much opportunity for insiders to do it. even though np reported a great quarter last week, it didn't matter because they had done so much stock in the market and that's what they are known as, too much supply, not enough demand the newly hated high risk stocks

are hated and the winners i talked about keep winning and those are the ones you buy when the market goes down there is raualways is a bull mae somewhere and i promise to find it for you here on "mad money" as i did at the top of the show. i'm jim cramer see you tomorrow the pfizer covid vaccine authorized for kids as young as 12 i'm shepard smith. this is the news on cnbc infrastructure attack. the nation's largest fuel pipeline remains offline, held for ransom by a russian criminal gang. >> my administration is committed to safeguarding our critical infrastructure. >> now the first statement from the hackers as multiple agencies work to get the fuel flowing before you feel it at the pump escalation in israel at least 20 palestinians dead and hundreds hurt after a raid at a muslim holy site.