the first time out, right, mel, don't you love the power pitch. >> absolutely. >> one of the best segments. >> "fast money", yes. >> i like the way mastercard traded today off its all-time high, traded well, ma. >> all right, thanks for watching "fast money." see you back here tomorrow at 5:00 n'go 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 trying to make you money. my job is not just to entertain but to teach, put it in context, educate, call me at 1-800-743-cnbc or tweet m me @jimcramer. you know what we want? a normal stock market.

how about earnings how is the sales how is the sector? what happens if the fed raises rates? who knows. on a crazy day today where tech let us down and the nasdaq and s&p we keep acting like this is an unusual time. this is anything but usual i mean, think about it we're living in the shadow of a pandemic only about 35% of the country has been fully vaccinated. we celebrate the fact fewer than 40,000 people caught covid in america yesterday. that's really bad. we seen a number like that now, we'd still be in lockdown. at the end of september, we were in panic mode. the truth is we got used to the pandemic and fewer deaths and the hope of heard immunity as more people get the vaccine. covid is very much with us our efforts to combat covid and

get the economy roaring again created incredibly unusual circumstances. we have what might be what considered to be overly generous unemployment benefits that make it harder for businesses to find workers. we have to pay $22 an hour to match unemployment benefits and we can't afford it we have to close people applied for work but don't show for the appointment it's hard for businesses to adjust to a world where the workers can do fine without a paycheck we've got eviction freezes, hundreds of thousands of business closed. we don't know the protocol for anything, masks or no mask, cruise or no cruise, will people become compelled to take a vace do we have to take a vaccine nobody knows this could be completely historic the reopening trade everyone loves is about the expectation that the vaccines will stay positive working, fighting against covid. and that the covid veariants ar

crushed and we can go somewhere, any anywhere that's actually open. i like the turn away from the government data and go directly to the business people i trust who have done so much to stem this pandemic. people like robert ford, the ceo of abbott labs they pioneered testing for covid and make all sorts of devices for diabetes, the heart, the brain among so many other organs, abbott can help us make sense of the moment. that we can develop a world view that puts things in perspective. i spoke to robert ford at cnbc healthy returns event earlier. take a look. i happen to have in front of me two tests, i've used it. why have i used it i went out of the country and i wanted to know i was okay. i wanted to know as we get more and more vaccinated, will we use it less or is it going to be a fact of our life no matter what

and see it at cvs in stockpile >> from the beginning, as you know, we went all in and went all in, jim, because we knew that, you know, we had a responsibility to develop the diagnostic leadership to develop the test not only for pandemic phase but also for vaccine phase. you know, if we rely solely on vaccine which we've done an amazing job from the development to the rollout but if we rely solely on it, it's not as complete as you'd like whether it's the penetration rate of vaccines, we know that some states have higher rates than others the longevity, we have to learn a little more about how the booster strategy is going to play into this and the mutants so we always believe that covid was going to be part of it and sorry, testing was going to be part of it but not the testing we remember from a year ago, in your car for four hours, $150 wait four or five days, right? you're holding up in your hand is where we see that to the

vaccine strategy, which is rapid testing at affordable price, which is accessible to everybody and that all comes together where together with the vaccine rollout, we'll be in a better spot to get back to normal i think a lot of progressive companies that want to get back their employees back to the office, schools with kids, hotels with guests, i mean, you name it. to think about buying these tests and providing them free of charge to your employees is definitely a way to kind of augment your strategy of bringing everybody back and opening up vaccines plus testing. >> okay. let's talk about something even bigger it a coalition you provided. future pandemics searching for covid-19 variants. when the federal reserve

surveyed money managers, what they are most worried about are variants are we over doing it or absolutely right to be worried that could derail the economy? >> well, i think you have to -- i think what we've always taken a view here is that because of our experience in infectious disease testing, we have a group we call them the virus hunters, jim and they're constantly looking, constantly looking for new viruses and in this case, we set up a team to be able to monitor all the mutations that could exist and i think if we're ahead of it and put the resources in place and we partner, because it can't be a u.s. thing, you have to partner with all the countries and universities, all the different collection sites, that's the way to go. if we sit back and say okay, it's done, we should be worried. if we work to monitor, to chase these mutant, these mutations, i think that's the way to do it and we've been in this business, you know, for, you know, over four decades doing this.

so this is the way to do it and it is a broad coalition. >> it's the fda and cdc and i'm never sure what to listen to. >> listen, any response like this you half coordinate against with all agencies here in the u.s. but even with other governments, so we're working with -- we work with the fda and nih and other academic institutions outside the united states in other markets and that's how you got to do it. >> so, let's -- let me get to something that's a sensitive topic in my house. my wife got the j&j. i got the moderna. she only had the shot once i had two. but it looks like from the percentages that i'm going to be in better shape than her should she be testing much more because she got the j&j, which is on a percentage base known to be less effective?

>> i would say -- i wouldn't make a distinction between testing to what the industry has done and vaccine has done is incredible and i think that you could still carry the virus, you can still get the vaccine, just easy frequent testing like the product that you pulled up, i think that's the way to go about it independently of which vaccine you've taken. >> in a crowd go overseas, take it with you, right >> that's the other thing i think the cdc is now allowed for you to be able to take these antigen overseas and test them and show that result of proof to be able to come back into the u.s. so that is another great step forward and again, you could probably stop by the pharmacy near your airport or soon you

might see these in airports. it is around 20,000 pharmacies in the u.s we'll probably get to 30,000 by the end of the week, jim so there is going to be plenty of availability to test. >> you guys are pros with testing and those of us who had kids that played sports or us, we didn't even know about it but concussions. you have got something that tests for concussions, which we think many people involved in sports are the high school sports and junior high sports. where are we with this >> all during covid, we're doing everything with covid testing but have the pipeline and what our scientists are able to do to keep the pipeline going is spectacular is a rapid test to detect mild concussions or traumatic brain injuries our team was able to identify the two proteins that get produced when you have a traumatic brain injury and we've

been able to develop a test for it this is the actual instrument that will go into. the current test, you take the sample of blood and got a sample and put it into the test we're working on a trial now to be able to do whole blood and with kids to be ableto prick a finger, put it on the cartridge on the test on the instrument i showed you and get results that motivated us if you think about the elementary schools and high schools, 100,000 plus institutions all doing sports and, you know, the current methodology today is if you think you have a concussion and get taken out of the game, you go to a hospital to maybe do a c.t. scan. this test once we develop the right clinical data to be able to deal with kids, you can do a test in 15 minutes and get the

result right there and if it's negative, then kids can go back into the game. >> that was robert ford, the ceo of abbott. on "mad money" tonight, a firm has all you could ask for for a good think tech story but with the market firmly against the names, is it worth considering here i'm sitting down with the ceo. and roblox report the for the first time as a company. i have an exclusive with the ceo and a remarkable comeback but could the company behind the li likes, i've got the ceo. stay with cramer >> announcer: don't misa 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

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even if tech stocks are down, look at a promising financial play that uses tech to give consumers install ment loas when they are trying to buy things they went from $49 at the ipo price to 90 at the opening mid 140s but in three months since then the stock is relentlessly hammered and goes down on good news for example, last night a tfirm reported a genuinely great quarter. top bottom line beat with much higher than expected sales and a surprise operating profit. the volume was up 83% year over year and gave incredibly bullish guidance and raised full year

numbers. stocks started ticking up and we woke up and firm shares got crushed. this morning it was down 18% come on, a new all time low. when tech rebounded, they were able to make a come back but finishedd down 3% as long as you're patient, i think this one is worth picking weakness but don't take it from me let's check in with the founder, chairman and ceo of affirm holdings to get a better read on the quarter and where the company is headed. welcome back to "mad money." >> thank you for having me. >> max, it's been too long, by my account five years and you've been up to great things but in particular, i want to hear about a firm in your own words so people can understand the value proposition for the consumer and the merchants can understand the value proposition for their book bo books. >> super simple. if you're a consumer and tired of paying late fees and trying

to read the fine print that credit cards are sticking with you with to make money for you, choose affirm. we're integrated in all kinds of exciting merchants all over the web and we treat you right personaling late fees, never done anything gimmicks, it's a great way to pay for things online you can use it as walmart, you can piebuy peloton with it. on the merchant side of the equation, it's a really, really powerful way of driving transactions theresumers that put down credit cards and will pay for things over time is great but not if you have compounding interest and that's exactly the alternative we are consumers use affirm with honesty and transparency and merchants get more buyers that

seek that as they consider purchases. >> when we think of honesty and transparency, we think of shopify. they are a frequent guest on the show and could pick anyone, obviously to affiliate they picked you. how is that relationship going >> it's great. actually very, very excited so just yesterday i had to correct myself as you implied, we have an exclusive partnership with shopify and we've been testing all the technology and plumbing for about a year we're just about to bring it to g.a. next month and last 30 days, we start to slowly bring on some of the merchants on shopify so in a press release, i said 10,000 merchants are alive. between the time i drafted it and the earnings call, it went up by another 2.5,000. we are very, very excited about this something i've been waiting for and building towards for quite sometime. >> it makes plenty of sense and the merchants are incredible

including walmart. the largest merchant they've been with you pretty much forever, haven't they >> yeah, great partnership. >> now, i wanted to ask you some people said to me, look, be careful on this one. once things open up people aren't going to be shopping at home using affirm but i think the best measure of the opening is travel and leisure and when i looked at the numbers for travel and leisure, i had to believe that you are an opening trade as well as a closed trade. >> that's exactly right. in fact, here is a cool stat so we grew 50% year over year so this really important quarter we just reported is still being compared to with the precovid quarter. so travel was growing pretty well if you go predpandemic and collapsed so the growth is pretty great but if you compare sort of the last quarter to the one we are reporting, it's tripled.

so travel is experiencing incredible secular groetwth as a sector we announced partnerships with icon, which is a ski pass provider we have verga as a customer. we announced american airlines and deal to vacations. we're really primed to take advantage of the recovery of traveling and ticketing. on the flip side, what is really cool is we just trained a huge percentage of americans that buying things online is actually completely okay. my mom is well into her 70s and boxes have now have been coming to her door for the last year and i don't think she's going to quit i think online shopping is going to be much more of a thing we basically took a 20% leap and we're not walking back from that we're well primed to take advantage of online and offline. >> buy now, pay later, klarna, pa paypal, field getting too crowded? can you distinguish enough

you're not concerned about profit margins. >> i think we're quite unique. we are first and foremost a technology company exactly as you just pointed out and we go where others can't because we can build solutions. i think it great to be a marketing company. it great to be a sales driven company and it's wonderful and fund mentally, partnerships like walmart and shopify because we can scale with the largest partners and build the best solutions, something that really, really fits to build for them that said, there is actually a lot of room in the market the mpl is the single largest, fastest growing piece of payment worldwide and yet, it's still just under 2% of overall e commerce we have a lot of room to grow for everyone obviously, i'm bias. i think we'll win but there is a lot, a lot of commerce to still bring. >> one last question, there was noise on the call, which was about peloton, which actually is a great company and i know i think it's a terrific company.

obviously they had a misstep that was tragic. i shouldn't be thinking about peloton hurting a firm even though it's a big percentage of your business. i need to know should i be worried if peloton sales turned out? >> no, so i think you're exactly right. first of all, it is tragic and i am very saddened for what happened but i do think that peloton is taking the issue right head on and, you know, john is really stepping up to do what is right. i'm very thankful for what they have done for us as a business and i think the partnership is incredible for many years and they're just fine. they make great products and will do what's right and we'll be there with them we stated everything about financial expectations it's not going to have material impact on us and very bullish on

the partnership going forward. i don't think you should be worried about peloton. >> that is my concurrence but if i didn't bring it up, people would say come on, jim max, we would have known what happened and the stock would have had a big move. the founder, chairman and ceo of affirm a product we like very much and good to see you back on the show, sir. >> thank you so much i'd love to come back any time you'll have me. >> now, look, i mean, the market doesn't like these stocks today but you know it could be tomorrow that people realize the growth of this company "mad money" is back after the break. >> announcer: coming up, welcome to metaverse cramer sits down with one of the hottest trends, next

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♪♪ look at roblox run

but you know what? there is one, roblox is turning things around. they make digital tools to help people redesign their games. they can share them and beloved by children. i can't believe when i ask around, this is the game the platform i should say when roblox reported the first quarter, they knocked it out of the park on every single key met trick bookings, daily active users, hours engaged and cash flow and monthly updates april numbers were good. i like the whole style, the letter, so clean stocks shot up 20% today it's back above where it started trading on the day of the direct listing in march can it keep climbing i know the answer. we'll hear from the founder and chairman and ceo, he is just putting together an amazing company. welcome to "mad money." >> jim, hey, thanks for having us on the show pleasure to be here and we want

to reach out to everyone in our community who still struggling with covid it's a big day for us but we want to acknowledge everyone is having a tough time. >> your communications with shareholders are heart felt and addressing issues with covid up front, you could have talked about numbers the best i've seen but you have larger issues and i do, because it is "mad money", want to say that you have the fastest growth of any publicly traded company i know. >> awesome, thanks, jim. every day 43 million people come to our platform to play, to learn, to connect. we believe this is an amazing way for people to come together and we seen a lot of that over the last year as people haven't been able to come together in the real world. >> a lot of people tell me, jim, this is going to end when things open i couldn't be more convinced that in this particular case people discovered and if anything, judging by the live concert you had, judging by the

engagement where people are just discovering it by the day that it turns out that we're very early in the infant stage of a great secular trend of roblox. >> this is a great new e hmergi got c category to bring people together and experience entertainment together and over the last year, we saw more than play we saw people connecting we saw people hosting birthday parties. we hosted a lot of concerts that are amazing so as you know, it's very early in this emerging category. >> it funny. i was with my trainer whose daughter loves it and i said is it safe? he said look, as far as an atmosphere that you can be online, it's the safest i've seen i know you guys work hard to keep it that way. >> yeah, we're -- we learn in hard safety is our top priority and we have an optimistic view that

when done right, we can foster civility we're optimistic our platform can help make the world a more civil place by what people learn on our platform. >> talk to me about roblox, roblox seems to me if my children were younger and they were good, rather than giving them an allowance or money, i would be buying them this. i would be buying them extra and that's what parents are doing. >> yeah, it's exciting because we've created a virtual economy powered by over 8 million creators who are making everything on roblox all the experiences, avatars, clothing is created by creators. robux is how they turn the hobbies into large businesses, studios with 40 or 50 people and we're excited there is a lot of progression from learning to hobbiests to small developers and ultimately to large studio

on our platform powered by this virtual currency. >> it's important to talk about something from 1989. people think this came out of nowhere and you have worked forever to be able to address issues that i like this i'll use the term you can explain it to me, two terms. metaverse and human co-experience. i came across these in your documents. i need help. what are they? >> yeah, we don't -- first off, there is a lot of sci-fi writers, authors that have been talking about this for a long time the metavers ee in immerse3 d environments that will become more and more realistic. they're a great way to connect we'll have an education in addition to reading and watching videos students will go to ancient rome

together and experience it schools will have sister cities around the world we're prototyping the town halls as a way to connect. it's really what this platform and technology we believe can bring. >> i do think that there will be people who will say how much robucks will be used i look at it as the replacement of tv that yes, people will do exercise and they're going to read books but they will use tv less and roblox more. >> we -- i mean, we want covid to end and we want everyone to get outside and get back to normal and be outside and do that great stuff what is really interesting about metaverse experience is they're not just consumed, they're interactive. instead of watching the video about ancient rome, we'd go there and feel what it's like. these experiences will get more

and more realistic azs technoloy advances. >> portfolio managers who don't know kids don't know the stock which is why i'm so conto dent your stock is going to go up substantially that i picked your stock in the cnbc stock contest because i'm convinced as people who don't have kids or people who have grandchildren know about this and your kids, you're reaching the older audience. this is one that will gain steam over time. i'm not kidding, dave. i feel very strongly i would not have picked this as the best stock that you have between now and the super bowl, which is the length of time that we have. you've got a big runway. >> jim, out of respect to you and appreciation for your show, i have to say -- [ laughter ] >> you are too much. look, i thank you for selecting our show you can go anywhere but you knew i love your company and i think what you're doing is fabulous,

dave i really do. >> thank you, jim and thanks to our community. >> oh, yeah. it's a real community. and everyone has to check it out. dave, founder and chairman, ceo of rblx, roblox. thank you so much. guys, i know it sounds strange a stock can be up ten, 11 and i'm telling you to buy it. i'm telling you to buy it. "mad money" is back after the break. >> announcer: coming up, after turning in a sparkling earnings report, can the magic continue for j 2 global cramer has the ceo next. when you buy this tea at walmart, walmart can buy more tea from milo's. milo's can create new jobs, jobs for people like james and lacey and me. me, i love my work family. family here and home,

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when an economy booms, so does advertising

now that digital media company with a cloud service kicker, you might recognize for some their brands they are spinning off part of the process cloud business i like them both here. what we care about more is this core digital media business because j 2 global gets the bulk of the revenue from advertising and stock is on fire more than doubling from the lows last july and we know business is good because last night the company reported yet another blowout quarter, third in a row. tremendous 52-cent earning higher than expected sales and management risaised the guidance for good measure it would have been up more if we got one of the worst days of the year so let's dig deeper with the ceo of j 2 global to learn more about the quarter and his vision for the future. welcome back to "mad money.." >> it's great to be here, jim, thanks for having me. >> so first, the company is

doing so well i'll ask the obvious question, why do you have to split it in two. i love what you're doing. >> we have two great companies we have an hcit company called consensus and the remain great internet business and honestly, i think they're both under appreciated and part of the reason they are under appreciated is that their inside of one company by splitting them into two, we give them dedicated management dedicated focus, their own balance sheets and two investble companies. this will create a tremendous amount of value and it great to do it from a position of strength. >> i get that. you did have a nearly 40% growth for your digital media segment and i want to see that pure. i want that pure play. that's the fastest of the ones i follow in digital advertising. >> absolutely and i think look, i think the forces of

digitalization have never been stronger and they map really well to the portfolio of the company. >> i didn't think yesterday we had a bunch of people saying we have the peak online and i think that you would tell me since i've known you for a long time that's actually probably a false narrative. >> i think it's a false narrative and i think the report you're referencing, i think it was talking more about the multiple expansion that's taking place in parts of the industry unfor unfortunately, we haven't. >> let's talk about consensus for a moment i have to tell you i didn't believe until i read deep into yours -- there was a raid against you. you said let me do the numbers and then we'll do the stock. i said a fax business? i mean, a fax business but it turns out that there are -- that fax is the way some people do things still. >> look, and remember, this is a cloud fax and digital fax

business at consensus that we're spinning off which is not the machine and physical paper based business that you may know if you think of it differently as a document transfer business where medical documents need to move in a hippa compliant secure t fashion, this business does that conne consensus in the near play to me is to cloud. longer term where the company is really focused is going from a document centric to a data centric construct. when we see medical records today, that's often a document what consensus is trying to do is turn that into data and make that data freely movable across the entire health care ecosystem. it's an exciting company does 340 million of revenue. it has margins of around 55% great free cash flow it going to do very well on its own. >> you have a history of doing

mna and i look you doing mna people say he's doing that mna again. it may be the best mna guy i bet. i want you to do mna are there still prospects out th there? >> absolutely. we're ensuring the internet business, the digital media business will be well capitalized to continue on our program and sis maystem atpproa. we want to grow businesses we feel have a unique path to creating value we've been very good at monetizing audiences we've done it in places and ways that others haven't and we think it's a playbook we can continue to run against acquisitions in the verticals we're in as well as verticals that we'd like to get into any high value vertical where we can get valuable audiences that show real intent is where we'd

like to be focused. >> for these deeply involved in this and there are many, you've got an interesting breakdown of your performance marketing was the biggest 47% subscription only 22. display 30 some. do you want subscription to be bigger people tell me subscription is a better business. >> i look at it as reoccurring rev revenues there is a great deal of predictability you know, a great deal of stability in those businesses. so i don't have a favorite amongst the mix. i think the most important point is that we have a mix. so we're not a single mo monicamo monoization company. the ability to extract multiple rents from our audiences is core to what we do certainly some periods of time some will perform better than others but having the diversification is the most important part.

>> you put together an empire and it will grow and grow. people want both pieces but for different mind sets. ceo of j 2 global well done, sir. >> thank you very much jim. >> yeah. remember, someone took a very big shot at these guys unfair and all they did, they didn't want to come in and explain themselves, they just said let's do the numbers and see what happens. i see what happens you get $120 stock "mad money" is back after the break. >> announcer: just chill out. >> this chill master j >> the chill man is in the house. >> announcer: the lightening round is coming up when "mad money" returns

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it is time, it is time for the lightning round, buy, buy, buy, sell, sell, sell and then the lightening round is over are you ready ski daddy. let start with david in michigan david? >> caller: boo-yah mentor cramer good to see you back in the set. >> good deal love being here. what's up? >> caller: oh, my stock has been crashing since dinosaurs roamed the earth. i'm wondering what in the world is going on with avgo? >> you're in it for action alerts it a high multiple stock and has a lot of people spooked because it makes parts for apple that's crazy it supported by a dividend and decided we'll bless it we think it too cheap to sell.

let's go to joshua in new jersey. >> caller: how are you doing, buddy? >> i'm doing great i'm doing great. what's up? i do a lot of p.t. at 3:30 in the morning. what's going on? >> caller: i see you upp early and late at night still doing shows. >> i got a lot to do i got a lot to accomplish and i don't have a lot of time what's going on? >> caller: ccj looking at uranium and mining trying to think outside the box here -- >> it's not -- periodically we get these. there is a site called uranium cycle going. i have to tell you, i think that you want to hop off the uranium s cycle. thank you for the kind words let's go to a.j. in new york, a.j. >> caller: boo-yah, jim. love the show, the whole family does and they're all watching now and coming up on saturday for my graduation. this is a great way to start the week. >> because younger people watch this show and we're thrilled

what's going on? >> caller: jim, i have a question for you about contour brands i bought in november at -- >> i love contour brands because i'm a denim believer i'll throw in levis -- no, i'll make it a three-some gap stores all of them work i like your style. now i want to go to michael in maryland, michael? >> caller: hey, jimbo, it michael from wis ki bo whisky bm maryland. >> new city for me what's going on? >> caller: i was into e.v. and heard you talking about hcapita. i purchased itat 783 is this a hold or dead money >> dead money. dead money got to be honest could have a little spike the way the woodstocks did today but have to be careful because to me it sounds like that button i need to go to amy in connecticut, amy >> caller: hi, jim, i'm a

long-time listener and action alerts member. >> yes, join me on the grill thursday what's up? >> caller: i want to know about chipotle mexican grill >> chipotle had to raise the workers' wages from 13 to $15. if there was a place on earth to pass on the costs, it's going to be cmg i think the stock is a buy it's the best run and i trust them i would buy chipotle i need to go to david in new york, david? >> caller: hey, jim. big boo-yah. >> boo-yah back. >> caller: so i'm calling today about discovery inc. >> yeah. >> caller: i bought it right after the sell off there i got it at about $42 a share. >> okay. >> caller: and since then, it's gone down. >> right remember, david, we don't care where a stock has come from. we care where it's going to and i think discovery is just okay

i'm going to say it's just okay like viacom is just okay that's not enough for me to say buy a stock. i need to go to robert in florida, robert. >> caller: big jim, boo-yah. >> what do you got >> caller: i want to ask you about e.t. energy transfer and after this pipeline fiasco. >> they are call going up. you happen to be in the one that's the biggest not my favorite. i like kinder morgan and enterprise public partners but the whole group is working being brought up by an etf with all pipelines and everyone is buying them and you can stay long but i prefer you to be in the best in breed. i need to go to greg in florida, greg >> caller: hey, jim, how are you doing? >> great how about you? >> caller: great thank you for asking i love your energy. >> thank you. >> caller: i was calling on ali financial. >> what a horse that is. you know what? it's still the cheapest

financial. i wouldn't sell it and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by td ameritrade coming up, stocks stop at zero but we prefer they not get there. cramer checks in on the tech sector, next i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪

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people keep asking when will tech bottom? when will the pain stop? when can they make a comeback? how do they say the same thing, let the stocks tell you. let them be your guide how do you hear what the tech stocks have to say this morning a slew of tech stocks got crushed and bounced back but they were the most expensive stocks out there we're not talking about senior growth names like apple that traded almost a market multiple. the winners today, they're the equities i call the woodstocks in honor of cathie wood from ark investment while wood and her funds on a variety of stocks, the ones she loves are great companies, just with highly valued stocks. spotify and square the underlying companies are doing great, their stocks got

too high when rates went higher and inflation heated up and sp spent the last few months rolling over the bounce back tells me the high flying tech stocks in some cases have come down enough from their highs that you can start, don't put all, start some positions and what am i talking about? tesla. tesla can be bought here something we talked about last night off the chart segment because larry williams thinks tesla is a great memorial day play, it's more than that. of course you want to buy close to the holiday but you have my blessing to start buying now if you don't have any the stock is down huge however, while you can start building a position and buy them on the way down, i'm not ready to call bottom in the woodstocks there are a few problems we had high expectations for p.c. sales this year but notebooks weakened dramatically and kills the narrative. if we have lower notebook sales, what is next how do you own h.p. inc. do we need to sell best buy? they go into laptops with

processers from intel and cramer fav. the ladtter is diversifying the whole food chain may be at stake. can we trust micron. how about texas instruments? can we buy the red hot semi conductor equipment or are they no longer red hot. the ones supposed to make a fortune off the chip shortage. not yet. when will they be safe to buy? not clear. for many fast gun and high growth money managers, it's looking like 2022 could be a down year for the companies. we'll have to wait to see economic numbers on inflation and that would send the woodstocks down, too second problem with calling a bottom, as great as the trade has been for retail and travel and homes the end of the lockdown is travel for tech. when the home office is built out, many companies are saying enough is enough we're not going to take your zoom calls woodstock name anymore. see us in person or not at all is there a problem

we have a ridiculous glut of enterprise and financial tech stocks there are so many of these you can't possibly separate the bad from the good. you have so many unless a company has something unique like roblox with the loving fan base growing around the globe, with user generated content for some big gross margins, can't stand out. we can't make enough robloxs which is why the stock shot up there are no knock offs but maybe there are too many outfits like affirm. too many companies that use technology to differentiate themselves if they are terrific with great management. a very crowded pool without a lifeguard and they keep throwing more stocks in plus, again, don't forget especially you younger er investors, if interest rates go higher, don't touch the stocks that price to sales basis rather than earnings. when will tech bottom? you have to take it case by case and sadly now, only so many cases are working with many more that won't work and some that are just fooling us.

let me put it another way, the woodstocks got really over sold and reboundedbut until we get to memorial day, i think this part of tech is merely a short term trade and not an investment. i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. developing news out of the middle east, and a pipeline problem that's a whale of a thing to solve i'm shepard smith. this is the news on cnbc the east coast oil pipeline still down who runs it? why so many unanswered questions? and when will this end the fallout, early pandemic style panic buying. >> these next couple of days i think will be challenging. >> gas lines grow in some areas. gas prices hit a six-year high where the troubles are and how to avoid them. dramatic escalation.