today. >> and blackstone all-time high today. >> blackstone. >> there you go. that was a fast final trade. thanks for watching "fast money. "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 but teach you. call me or tweet me @jimcramer it was a dream today being back downtown again there was so such symbolism to

be on the new york stock exchange that made me feel like the old days where the action is what's the real point of this? wall street. i don't want to get too much into the down day where higher interest rates spoofed the market s&p declining .08% and for me it was a double wall street homecoming the first time being when i was hired by goldman sachs 40 years ago, the second time shortly after the legendary mark haynes passed away and i started working on "squawk on the street." granted, it was a bit jarring sitting side by side reunited since the pandemic hit the floor is slow and being careful, which i like. it still got what made me want to come there in the first place. my parents took me to the gallery when i was 5 no security back then and a nice trader gave me a roll of ticker tape next time i went as an employee of goldman sachs, a helpless

studge and knocked me over until they felt i wasn't worth knocking over anymore. the stock market equivalent of what trade web does but i think it's still there what drives it in some cases stocks like gamestop and amc that have stunning moves as they are bid up and keeps winning both have taken advantage to raise capital to fix the balance sheet. we don't know what gamestop is planning amc wants to be the most powerful movie theater chain in the world. perhaps part of a larger hospitality theme and maybe adam aaron gets it from the resorts, star ward hotels and norwegian cruise lines to say nothing of a successful ownership stake in the 76ers where he trusted the process that has him in the playoffs so many professionals are on vacation, making it easier for home gamers to really assert themselves if not take over.

the new york stock and change is real and symbolic functions and offerings, at least the ones versus the nasdaq and a feeling of tremendous excitement as traders crowd around the post of where the offering is to figure out what it will open at we're at pose nine once a hub of trading. we witness the principles of companies ring the bell if the promise is comical what i love today suggests the pandemic may be waning people jawboning over the price of goods on a day like today that means giving traders big acokoccountsa picture what a stock looks like and people willing to pay higher prices you can't give secrets in 20 years of trading, never knew who was on the other side is forbidden you want to feel a sense of you'll see a curveball or changeup nowadays care about the floor lk

if they care enough to ask, today would have seen more sellers than buyers. that's a funny phrase as in why did stocks go down more sellers than buyers that's insight you don't need to be selling stocks of buying at these prices except lower prices. and however, this weekend, treasury secretary janet yellen said this economy is strong enough to handle or welcome higher interest rates. that's what causes sellers what is known as hit bids all over the place, knock something down. we're talking about a stock new corp it's the second best performer in the s&p 500 upcoming into today's session. at one point got crushed those who own the stock might be thinking a rate hike from the fed means that business will cool and the price increases in

steel will no longer stick because everything that uses steel other than infrastructure might be hurt by hater rates construction car loans will be more expensive how upset are the owners new corp bought a terrific metal panel for a billion dollars. something good for business and sent the stock into further or bit but today sellers overwhelm the buyers and bid to 5 and change a week after the stock was at 110 it's a fabulous buying opportunity. new corp has multiple years where it does well when the cycle gets going so we bought some for the travel trust and follow along at actionalertsplus.com but the stock put me down. it comes down cheaper. sellers don't agree. that's now how it played out everywhere we saw buyers and really working on we saw it on the floor on this

buyers in one furious moment willing to pay more. in other words, they took several offerings that were several dollars above where the stock was trading. the sellers simply didn't have time to cancel their offerings, something we see daily in amc or gamestop does the floor still matter? a lot of people ask me that. i think so it can provide more orderly markets and give referees if something goes wrong it a fair place to do business the big box is upstairs as they call it between big brokers but a shrine to capitalism at its best occasionally it's worse. nothing or at least i hope nothing can take away from the beauty of traders fighting for you to buy and sell ipos at prices that meet the depends of the buyers and sellers so about being back for the third time on wall street and hope that one day you can come see the trading in action yourself it's an electronic charge. that's right an electric one. stocks change hands. something that makes you feel small compared to the forces

that move the market the bottom line, though, never forget that thefloor is all th way a supermarket with the merchandise being stocks except unlike an actual super market, more of a institution can't pull that across and let's look at it differently another way, nobody made money going to the movies but made a lot of money buying the amc. brian in oregon, brian >> caller: mr. cramer. so good to see you on the trading floor this morning. >> thank you i love being back there. how can i help >> caller: i love chipotle for the food and growth but year today, it's a disappointment they consistently beat estimates with a target of 1700. i've been a recent buyer in the 1400s. the ceo was very optimistic for the consumer conference. how do you feel about the high multiple stocks trading below the 200-day moving average >> surprise. the worst restaurants are going up and not the best ones chipotle is the best

you have to stick with it. it's a terrific opportunity but i've been right for 300 and right for the last 150 i've been right far longer than wrong and the stock is a buy and thank you for coming on the show bart >> caller: yes, jim. hello. good afternoon. >> how are you >> caller: i'm doing wonderful thank you for having me. >> all right >> caller: i had a question about stock that i recently purchased, kinder morgan or kmi. >> sure. i think kinder morgan and this is tough i like pioneer for growth. okay i like chevron for yield and i like kinder morgan as a pipeline company because it's really well run and it's time again for kmi to do well i actually like them back on the show that's probably not possible but i do like them let's go to jack in my home state of new jersey, jack?

>> caller: hey, jim, what's up, buddy? >> not much. how about you? >> caller: the last administration was about deregulation one of the industriesthat was deregulated is the chicken industry poultry sped up production lines and now the cdc is operating for s salmonella in 43 different states and in 2017 the usda publish as rule to deregulate inspection and six months later meat packing plant workers are hit the hardest by the pandemic and all infected with covid-19 last weekend a cyber tech resignation in the meat industry jim, i think something is up now that the biden administration is about to do a 90-day sud did in what caused the pandemic my question is did the pandemic have anything to do with the food regulation, how many doors would that open for beyond meat? >> that's a price situation and belief that the service business like the cafeterias will come back and that's what i've been

saying and pounding the table. that matters ultimately what will matter is we're just going to realize that cows are real lousy energy distribution whatever they cause methane and as much as i like them, it's an inefficient way to get protein look, some may think the floor doesn't matter anymore but it's an important shine to capitalism for better or worse. t-mobile is giving the competition a run for the money. as it works to bring 5 g to all but after 42% run over the past year, can the stock sore i'll talk with the ceo and amazon founder jeff bezos said he'll fly to space but can the stock of amazon sore as well i'm going off the charts to find out and trade web had been a covid year winner and with the monthly transaction volumes in april and may, it seems that traders who turned to the company during the pandemic are sticking around. i'll talk to the ceo to find out what it means for the stock so

stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to "mad madmoney.cnbc.com. (naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do. we help clients enjoy a comfortable retirement.

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good moranagement is priceless. look at t-mobile some brilliant branding and last year's merger with sprint, t-mobile is a heavy hitter now it's marking capitalization

that is bigger than the clown shows, att two companies running circles. they have been crushing them the gap keeps widening since the end of 2019, t-mobile is up 80% and verizon lost 7% and att plunged 25%. some of that is a sprint deal but comes down to execution. the major phone carriers are rushing to build out the 5 g networks and availability to speed, t-mobile has the best 5 g in the nation. they went from the uncarrier to the uber carrier no wonder t-mobile puts up tremendous numbers wall street was looking for less than a million so how much longer can they keep this up and is 5 g too far away to make a real difference? let's check in with the relative will you new president and ceo of t-mobile and the guy that came up with the uncarrier ad campaign welcome to "mad money." >> thanks, jim. >> i'm going to start with

something that was so hard for me but we'll boil it down to why you're winning it's propagation it's time to market. in english, tell the viewers what that means? >> fantastic you did it for me. for the last few years competitors have been confused and distracted confused media was the future and sin synergy and radio wavea don't property katagate from to the future was 5 g mobile internet pure play, something the rest of the industry is waking up to and unfold in the mid band spectrum when we pursued the sprint merger. >> i know a lot of what you're talking about is 5 g we're in the 5 g yet we're in a 4 g world i could argue verizon and att have the edge on and you

thinking in the future, great. i'm in the now guy tell me why they're doing better than you now >> last year apple and samsung had 5 g. every phone everybody gets today is 5 g you're right back up into 2010 verizon and att led it sprint and t-mobile were distant third and fourth and verizon and att made the rules of the era. those rules sucked they were terrible for customers. we changed the rules guess what we're making the rules for the 5 g era because we're way ahead. miles ahead. and those rules will be customer friendly and it's going to be able to monetize this lead over the decade we'll hold on to this 5 g lead for the entirety of the 5 g decade that's the latest round of network technology. >> coverage better or worse than the other guys >> way better. we cover 295 million people with 5 g today. now, their 5 g extended range is about the same speed as lte.

ours is twice as fast because we have dedicated spectrum on it but the real place it starts to showcase the lead is what we call extended extra capacity, ultra capacity 5 g we're covering 140 million people with that today compared to like or 5 million with the other guys and we'll be at 200 million by the end of this year. 200 million people with a form of 5 g that's eight, ten times faster than lte like 325 mega bits per second, faster than your wi-fi covering 200 million people this year puts us years ahead of the other guys >> being at home >> absolutely. it's one of the uses for it. look, if you can have a wireless connection that's faster than most people's wi-fi, wouldn't you sell broadband through it? you know, while the rest of the guys are trying to scramble to figure out how to get fiber or millimeter, we're bringing competition today. we're covering 30 million homes

today with 5 g home broadband available on the market now and it's 100 mega bits per second and this is choice 42% of this country has no choice with their 100 mega bit per second bronad band. no choice. no competition that's unamerican. we're changing that right now. >> you have product leadership and value leadership and experience leadership, but how about balance sheet leadership there is a time when sprint's balance sheet is in tatters. the stock was at $2. now you have a better balance sheet. can you really fight with the big boys yourbalance sheet versus verizon and att. >> well, look, we think we'll be able to deliver within a leverage of 2.5 and corporate grade family investment grade securiti securities we'll deliver up to $65 billion in free cash flow during the five-year plan in verizon. this is a company that's

translating the promise of our merger into synergy and value creation we have the where with all to defend it years to come -- >> but att slashed dividends they havemore cash flow. they slashed dividends they can go against you. >> well, you know, it's interesting. it took them years to figure out the future was 5 g mobile internet pure play but unfortunately, they don't have a hand of cards. part of it is verizon sprint $55 billion at att nearly that much on spectrum to catch up to t-mobile only to fail to catch up and that is not great for their balance sheets. >> so how about your relationship with deutsche they want to be bigger in your company, which i think is incredible because salt bank is out but d.t. wants to be a huge force right now. >> absolutely. remember, for the entirety of this successful journey, d.t. has been our controlling

shareholders so nothing is different there. stand alone t-mobile were 63% and fell below 53% even though they continued for soft bank shares they want to get back above the 50% at some point but just getting back to where they've always been, nothing news worthy there. >> all right just as soon as they really felt it was time to cash out, they would and they're not. they're going bigger because i think they see the future and i think the future is 5 g. i had to talk about the others but i see what t-mobile has done and you have run rings around everybody else mike, president and ceo of t-mobile thank you for coming on the show. >> great to see you, jim. >> what can i say? it's the best one. it's been the best one, it remains the best one it's the best uncarrier there is "mad money" is back after the break. >> announcer: coming up, prime day draws near can the charge tell the secret of amazon's success. cramer tackles the technicals next

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the only thing better than the stock of a great company is the stock of a great company that has a great chart so as the world goes back to normal, i want to go back to one of my favorites as the show began, amazon. now there are a lot of skeptics that see this as a covid winner a stock that suspect in a world where it's safe to go shopping again but they got it dead wrong. amazon has a lot going for it right now right now in terms of the business and the charts. forget the jeff bezos is launching itself into outer space next month what matters is hand picked successor remains earth bound. the fundamentals are fantastic when amazon reported, the stock didn't get much lift

that's where it peaked part of that is there are easier ways to make money in the market since amazon should be up against tough year over year comparisons going forward because now we've lapped the pandemic how many times have you heard that i disagree amazon is firing on all cylinders right now. the retail business has taken on a lot of market share in categories i think the stuff you used to get at the drugstore once you order tooth paste -- i do that. i have 47 tubes of tooth -- i don't know what to do with the stuff because i've done a subsc subscription paper towels online, same here i'm betting that habit doesn't go away. it's too easy. even now that it's safe to shop for tooth paste and paper towels in person again, the tooth paste will pile up in the basement forever. amazon prime is one of the best things on earth. a library that will get bigger now that they're buying mgm. one reason it's not been knocked

out is because amazon. it remains in excellent shape and amazon invented the business and accelerating revenue growth up 32% year over year. amazon is seeing many enterprises embrace the cloud because they're sick and tired of managing the infrastructure which is really expensive. this is one of those powerful long term themes that will chug for years and years. amazon is a three-legged stool and the third leg is online as verti tiz -- advertising. it's come back buying ads again after spending a year on hiatus. amazon breaks everything down into retail, web services and the other but the other is advertising and that is growing at are you ready 77 clip. according to loop capital, amazon's ad revenue is 2.4 times larger than snap, twitter, roku and pinterest combined and growing 70% faster put them together and they are worth 240 billion.

when you adjust for the larger sign of the ad division, loop capital says this business alone could be worth 900 billion for a company that accounts for half of the market capitalization nobody thinks about. advertise something the smallest piece of the pie here. it's a biz worth hundreds of billions of dollars given where the stock is trading, i'm saying you're getting it for free best of all right now, amazon has a major catalyst coming up r something i held off buying because it's prime day coming up yes, shopping holiday where prime members get huge discounts. i'll get myself father's day presents i expect prime day to do huge numbers and see people are shopping online the stock should rally. if you want to nail the timing, you know what you need to do dig into the technicals. let's go and nail this one down. let go to the charts with the help of none other than larry williams the legendary technician trading since before i learned how to drive, let

alone manage money larry has incredible track record with spotting cycles and spectacular cycles most notably let me just say you better listen. through september, the blue line here shows the seasonal pattern. okay in amazon, meaning how the stock it typically rallies and taking off in june. that's why he recommended it for short term, a trade that paid off beautifully this year. now that the stock has gotten through the draft that wasn't that severe, honestly, by some people felt it was severe but i couldn't handle it he thinks the pattern will compete meaning amazon is poised to rocket higher to the moon as

yolo says or whatever. of course, it's not enough to make him pound the table not by itself. good charts also look for confirmation keyword from other technical tools so check out the bottom of the chart. that red line is williams', he got his own indicator. he's got a bunch of proprietorry gauge. it tells you what the big money is doing with amazon you see a major pick ju up in institutional buying as the stock pulled back. look at this buying when it's going down and buying like that is extremely bullish i'm zoom in the past few months, all right? the purple line is known as the on balance volume. that's a step up for us. that's what happens when you go on vacation. it buys when the stock makes a

lower short term low and on balance volume line refuses to go down. purple line. this kind of bullish diverging is what they trade we got a new one over the last couple weeks the last time this happened in late march, the stock made a major move higher. this is beautiful. next up, year ago williams developed his own spin on the accumulation distribution line measure of volume flow that looks at the trading pattern of market professionals not to show coincidence but predictive the glowing example is the meme stocks and set prices where they are buying and eloquenselling. williams likes to look for diverging when the stock goes up, okay, but this green line goes down that's bearish when the stock goes down but the green line goes up like you see in the last couple weeks, that's very bullish yet another reason williams likes amazon here. what else? williams is the master spotting

short intermediate term cycle in a stock action projecting forward so take a gander at this when it comes to amazon, he thinks the most dominant medium term cycle lasts for 60 to 65 days on average 61 days when you lay that cycle on the action, you can see it call for a low in early december, and june, right now it's kind of -- well, this is where we are markets don't always follow cycles is there is nothing guaranteed about this methodology. what this chart illustrates is based on the history, amazon has good odds of rallying from sometime this week right here through the middle of july don't you have to get on board don't you have to? the bottom line, right now both the fund mental and chart is interpreted by larry williams are screaming at amazon as a buy and spent three weeks cashing a

buy and ready to roar. you know what we ought to do let's run it by alexa. alexa, is the stock of amazon a buy? well, there, for everyone who has an alexa that see scements t duke in arizona? >> caller: boo-yah jim. >> boo-yah. >> caller: thank you for taking my call. big fan of your show. >> thank you. >> caller: i have a question concerning alibaba, the amazon of china. >> yeah, i like it. >> caller: it's been staggering at 217 -- >> well, the government has been kind of hammering it the government is not been the way i like it to be about unless any chinese stock but this will roar and come back first i say get long or stay long. i don't say that a lot about any chinese stock, no way, no how. the charts are screaming, screaming, screaming that amazon is a buy alexa, tonight's chart, there is much more "mad money" ahead over

the past few years, one of the best secular themes has been the electra offinancial market three letter word for plenty of power. i'll tell you which if any could be worth considering and all your calls, rapid fire in tonight's edition of lightning round. alexa, who is cramer stay with cramer (♪ ♪) whether it's a technology first, (♪ ♪) a fashion first, (♪ ♪) a science first, (♪ ♪) or a first for us all (♪ ♪) whatever you hope to achieve

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we know covid changed the world but as we close the curtain on the pandemic, we need to find stories on where things won't change back.

we need permanent transformations. take the dig itization of bond markets. think phone calls, we know this business would go electronic eventually which is why i pounded the table on trade markets. when it came public a couple years ago. that story went into over drive when covid shut down the trading floor. i got behind this in the mid 30s and i wouldn't be surprised if it has more ups. it keeps reporting monthly transaction volumes. once you go digital, why would anybody go back. don't take it for me, let's dig deeper with the co-founder and ceo to get a better sense where the company is headed. welcome to "mad money." >> thanks, jim real pleasure to be with you. >> okay. so you know we've been a big supporter of yours from the days where you were focused on rates trading but you've got a much more diverse platform right now with rates, credit, equities including efts i want you to introduce yourself

to people about how you're a much bigger company than when you started and taking share and names. >> yeah, well, look, it's been a run for us we started the business in 1997. we actually raised $8 million in capital and started trading in 98 daitd, started in the treasury market. we were the first firm to actually allow institutions to trade over the internet treasury markets and over the last 20 years, what we've been doing is adding asset classes and expanding our reach really around the world so now we have network of customers connected to trade web, trading in all sorts of asset classes and efts and a broad network of 2500 institutions trading different products i would say what our real

differential as a company is over these 20 plus years is the people in the company and what i like to think of as collaborative innovation and it's this innovation where we've been building new functionality, new bits of software that allow our customers to trade more easily electronicty in fairly complex markets. this innovation is the biggest driver. >> let me ask you something. you got a competitor market access a number of times what is your advantage over them >> yeah, i think, you know, the trade web advantages are in part some of what is happening in the markets in terms of digitization and that applies to everybody but the core core of what we do is this very diverse offering. we trade now roughly a trillion dollars a day. that's the average for the first five months of this year it's a vast market with a lot of different instruments and our customers like the fact that we

can offer things in rates and in credit and etfs and this is a big advantage. we've been doing this for 20 plus years so we have a huge network of customers, 2500 institutions integrated into our software and markets and that allows us to extend into new asset classes and regions. we're actually in over 65 countries around the world so the combination of all these factors is really gives us a big advantage. >> lee, i want to talk about something that's important to our viewers and really important to me, which is the climate bonds initiative this is a new world and if you're not on board, frankly, go home tell me about this climate bonds initiative it's very significant. >> yeah, it is it's an important thing for our people, our employees, our investors and clients. if you look at the numbers in

climate bonds in sort of the esg space, that number has surged for us so if you were starting to put out numbers but look at last year so 2020 compared to '19, we had a 60% increase in the amount of those bonds that have been traded electronically so what we've been trying to do is focus on this in a genuine way and we're an electronic bond network so trying to highlight the bonds. the numbers were over 80 billion we were trading in terms of climate related bonds. we think that number will continue to grow and we're trying to do things at trade web to support the attention, the focus and the ease with which you would have in getting in and out of those bonds. >> who does the bonds? i'm sure our viewers at home say listen, i mean, i want to own a climate -- really, i'm saying they will say i want to own a climate bond or fund who does it, who issues it and

why should we think it's good? >> interestingly, it's a wide range of both companies so corporate bonds but also governments now, governments around the world are starting to issue bonds that are focused on climate related activities so we're starting to see more issuers, more focus and attention and i think one of the interesting things about trade web is we have all the different client segments on the market. in addition to having this breath of all fixed income i instruments from government bonds to credit bonds to etfs, we have a diverse client segment. we have institutional markets and retail markets the financial advisors who can access bonds on trade web directly so it's out there for everyone i think it's a question of getting comfortable with it, getting comfortable with the credit that's associated with the offering and then just education. >> and finally, your tieup with amazon web services data

exchange seems to be to me a differential. >> yeah, look, there is no doubt that the cloud is a big part of the future for everybody, and we're spending a lot of time our team and focussing on it and how we can best deliver into the cloud because we know that's the future and how things are going. so we started with amazon and looking at a lot of other options in terms of how we can deliver data to meet our customers so you can reduce the amount of hardware which by the way is a positive for your environment and efficiency and absolutely so how people interface with the crowd -- >> they're not going back to the way before the pandemic, are they >> no, i don't think so, jim i think it's the fact the

digitization is a trend, a secular trend that's been happening throughout different industries as you're well aware. it will continue in the bond markets. there will be more and more digitization look, we trade on our system, we trade a trillion a day the markets part of our system trade 6 trillion a day. >> there you go. >> we're still just touching the edge of this. >> well, i think it's a great secular growth story co-founder and ceo of trade web. >> thank you so much, jim. >> look, this is a cut and dry story. pick up the phone and say i want to buy bonds that's a silly way now just do this everybody makes the bottom line. "mad money" is back after the br break. >> announcer: coming up next. >> let's make money together. >> announcer: cramer is bringing the thunder and answering your burning questions in today's edition of the lightning round

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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 i over are you ready, ski daddy time for the lightning round let start with roxy in new york, roxy >> caller: hi, jim, how are you? >> good, how are you >> caller: fine. thank you for taking my call i'm a new investor and appreciate your show my question is what are your thoughts on novavax? >> even after today's run in moderna, i prefer moderna stock over novavax because moderna can

do more than novavax ever can. tony in new jersey, tony >> caller: yes, dr. cramer, i would like to start off on phillip morris international. >> i don't recommend tobacco stocks but it makes a lot of money and very good. i hesitate to say buy phil morris but it's a good company let's go to alex in california, alex >> caller: boo-yah chill man >> yo, man, what's going on? >> caller: so, my stock i'm going to need hampton to get into this chopper. what do you think about blade? met him years and years ago. $10 stock probably staged at $10. i'm not going to recommend the stock. let's go to bet sey in virginia, betsey >> caller: i love your show. my question is about team

symbol i'm worried about the over valuation and -- >> i think you have to worry about the valuation because that's why the stock is going down i think it's a very good company but no company can grow as fast as it has. it's got a $57 billion market capitalization that is way too much and i think it's a lot of -- there is a lot out for the guys bill >> caller: boo-yah, jim. >> boo-yah. >> caller: i've been a fan of yours for 15 years. >> yes, thank you for being in the club thank you. what's going on? >> caller: i've been in exact science for quite awhile and i'd like to know your thoughts on exas. >> kevin conway is running a great company and found a lot of different ways to help people and while the stock is down it happens to be one owned by a lot of momentum. i'm a buyer. terrance in new york, terrance

terrance >> caller: yes. >> you're up it's chill what's up? >> caller: hey, i'm calling about igts -- >> i can't believe this igt continues to go higher this is compputerized gaming and they are the only game in town they can go higher still, it's a huge winner. gary in north carolina, gary >> caller: hey, jim, long-time listener and watcher and first-time caller. >> fantastic what's up? >> caller: with today's action hopefully relief is headed our way. >> that's a total speck. sir, that's a total speck. that's not the thing i like but if as long as you recognize it's a speck, be my guest that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade

coming up, feeling desperate to pick a craze, join a craze, any craze? pick your poison with cramer's help next. ♪♪

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neverending trap of interest and payments and debt. ♪♪ what does make the meme stocks, crypto currencies and non-fungible tokens appealing? it's the money but there is something else going on, too, that we got to talk about. where else can you get a few buddies together and reel yourselves into being right through sheer subborness whether the celebration of assets to talk about in miami or amc and

gamestop, they are about traders taking assets that wouldn't go up without them. consider the case of the struggling movie theater chain that is a mmc last week they raised more than 580 million through 8 .5 million shares and sold 230 to a hedge fund with profit pretty much ins instantly. normally they get crushed by amc worked higher as the crowd of meme investors kept buying and buying and buying. why not? the ceo is doing everything right. not only to clean up the balance sheet but grow the business as the world goes back to normal. the same shareholders up 56 today because they're overwhelming sellers like nothing i've ever seen three weeks ago i warned sellers to stay the heck away from amc and take it higher

the higher the stock goes it easier it is for adam aaron to raise money and pay down debt as we come out of the pandemic, they are finding themselves in the last man standing situation because competitors have gone under giving them the power to dictate movie theaters, they ar in growth mode and who knows where that will take them. do not forget that adam aaron is a houspitality king from previos jobs gamestop isn't much different. buyers have so much firepower, they can make sellers look like jumps regardless of gamestop when it reports this week. ryan cohen the chairman i say nothing beyond vague plans to expand a new industry as long as there is no real road map, the buyers can dream up whatever they want. gamestop over valued sure by any traditional metric it's re ridiculously expensive i have to go back to bill murray who said in the classic "meat

balls" it doesn't matter given that nobody has seen anything like this except for the last big runup in january, they can keep beating themselves right as long as they stick together, that will probably happen eventually but take your life in your hands if you try to bet against them crypto is easy there are so many people that are crypto millionaires by sitting on the stuff that's created unshankble but as long as the throng is there, they should be able to bounce back especially the big names like bitcoin although i think bitcoin will take longer to bounce back. as for non-fungible tokens, when you get enough rich people pushing new assets, eventually the less rich one, the nft market is falling apart but wouldn't shock me if they jawbone these higher since there isn't a two-way market you don't need to own all of them it's worth owning one at least as a way to ride through the throng just ride with them as a

hedge against inflation by government printing press. pick whatever you want just be ready to gradually ring the register after very huge gains. i like to say there is always a bull market somewhere and i promise to find it for you on requested m"mad money." i'm ji dark side hackers shut down a pipeline and took millions in ransom today, tables turned i'm shepard smith. this is "the news" on cnbc. >> the old adage follow the money applies and that's exactly what we still do. >> the u.s. strikes back, recovering millions from the colonial pipeline hacker. and mer tirrell on the new drug just approved to treat memory loss. vice president harris steps on the stage, he