>> guy >> twitter, sister. >> karen >> yeah sticking with realreal, i'll tweet more about it. >> if you have cool cpi number buy tlt tomorrow. >> thank for watching "fast money", don't 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 pmake friends, i'm trying to educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer.

prudence is a vir tue. the prudence is under attack including on a day like today the dow dipped 153 and s&p slipped back and nasdaq down .09%. yet, tonight we need to talk about why being prudent with your money is a virtue, not a vice i wish i didn't have to be the adult in the room but this is what the investment world has now come to. one of the first things i ever learned in this business is that nobody ever got hurt taking a profit i always thought that seemed like common sense. you know, it actually dates back prestock market. it dates to the days when i play the slots in atlantic city with my mom when we hit big, she'd say come on, jimmy, let's come out and buy a sweater. she never wanted to give a big win back to the casino when cashmere was on the line and my ethos you have to do a lot of soul searching before you go against your mother onthese issues when i got to goldman sachs, one

of my bosses called me in not long after i started out because he noticed i had been recommending aggressive ideas. he told me stocks aren't vacuum cleaners, if they break you can't take them back no warranty. you have to be careful with your recommendations. that's where the got the phrase buyer beware with the stock market finally, when i was at my old hedge fund, i learned from my training partner karen cramer a lesson that's a key mantra on "mad money" and that is that bulls make money, bears make money, but hogs, they get slaughtered. now that's one of the oldest lessons on the trading desk but seems to come as a surprise because they don't realize it. you can bet against stocks but take some to the bank. these are core tenants for me.

that's why five months ago i called from my hospital bed and so i thought that was common sense. but the mem stock guys saw it as a decoloration, of war against them i ripped out my catheter up more than 1,700%. remarkable run i figure people should take something off the table. i didn't think it was anything i mean, put it this way not long before i went into surgery, it was for a burst cyst in my spinal column, i didn't mind the short sellers. they watched the video game stock down but they kept betting against it assuming it would be like shooting fish in a barrel they took gains while they had them and had been pigs and in january they got slaughtered now suddenly i was saying the same thing about the bulls who watched their favorite stock go from the single digits to 400. truthfully one of the best calls i made, game stop fell to $40

less than a month later. but the gamestop fan base from wall street bets doesn't matter i was correct. it's meaningless to anyone that recommends selling is the enemy, which is why i've become a hated figure on reddit's wall street bets, probably the most hated person in their universe and that's the betting sheet that is ground zero for meme stock. according to the younger investors or at least i assume the younger given it's anonymous, selling gamestop is a sin no matter how much money has been made. they hate those on the other side of the trade, particularly short sellers but baby boomer eyes like me because of my core tenants. in other words, my learned behavior is worthless to these people that cast anyone that tries to help them even when those people turn out to be right. it could have saved yourself a fortune if you sold gamestop at 400 and bought it back at 40 i understand risk. it's possible to be too prudent. but i'm not against gamestop or amc at these levels. gamestop is currently below

where i told you to ring the register in january and getting hammered and wake up with a terrific quarter management said they would sell 5 million shares in an at the money transaction you won't notice it frankly if you're in the stock. these companies have the ability to reinvent themselves because higher stock prices allow them to raise capital i like that. if you have written them up for much lower levels, take little off the table. these stories can get dinged like gamestop is doing even though the numbers were good and bringing in a couple seasoned amazon alumnis to run the company. great people there is also an fcc inquiry into the trading of the stock but doesn't sound that serious to me or would have been sent to justice and made 26 and it's voluntarily so i'm not worried suffice to say that nothing i heard will stop the people who like it from wall street bets continuing to buy the shares tomorrow morning now, let's look at yesterday's meme stock for a second, wendy's. i like that stock for ages i like eating it and i like the breakfast initiative and they

just expanded to the united kingdom. i like they are continuing to prove the taste with my favorite baconator. the stock went from 23 to 29 i kagree with the chairman shareholder that says the stock is under valued but if i say last night to buy wendy's at 29, after it had been hyped by the website and went to 25 as it did today, i'd feel terrible maybe in the world of wall street bets have we applauded for liking the stock at any price but i suspect somehow many of you would cascade me in this audience again, i'm not against risk. part of your portfolio should be speculative when i call your "mad money", i am one of the only -- i know, i'm the only talking head i've ever seen that actively encourages speculation for younger investors who have their whole lives ahead of them to make back losses. the throng at wall street bets thinks you should be all in on whatever speculative heat they are in and if for some reason you think it's a bad idea on what they're doing, you better shut up or be like me and get

tough. this is it to live to go to school. vacations, for retirement and everything, you know what? that's a problem the crew may not want to hear it to them not another out of touch baby take some profits. bottom line, i can't believe i need to say this eventually that means you need to take some profits because it is prudent to preserve your gains and you don't have a profit until you take it off the table. dave in kansas, dave >> caller: hi, jim i wanted to know where you think etsy is heading.

i'm a seller on the site and everything i've learned over the last 12 months i piled back into purchasing shares in the company. is now a good time to buy more or wait for a dip in the place >> wait for a dip. the stock had a major run. it's a terrific company but could come down without a problem. that money does come down. i want you to buy. joseph in california, please, joseph. >> caller: boo-yah jim first time caller and i loved your book. >> thank you, buddy. what's up? >> caller: in the chicken sandwich wars, tyson foods supplies all sides restaurants shut down market share by sending product into grocery stores beat estimates recorded and i think they will beat them again and now that they are reopening, they're expanding production, opening their first new chicken plant in 25 years in april and the new ceo donnie king is the chicken king at tyson foods and tsn just showcased new plant based -- >> i'll tell you what. let's get donnie king on i've been bias against tyson but

no regime, bring him along and maybe we like tyson. i used to like it very, very much in the old days all right. stop trading patience is a virtue remember, bulls make money, bears make money, hogs often get slaughtered. on "mad money" tonight, after two days of testimony from the ceo of colonial pipeline, why can't crowd strike catch a break? i'm talking with the ceo of this good company and breaking down the not so stable world of stable coins and telling you why it could be time to stay focused on this difficult issue and why some action in the crypto market reminds the former director of what happened during the 2008 financial crisis you're not going to want to miss this so don't go against my mom and stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets.

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cybersecurity stocks get to get back i still looked it up, i mean, i thought it would go up big, right? the stock hasn't gotten much trash. look, i accept the fact there is a rotation out there fast growing secular growth stocks being sold wall street prefers the reopening plays but at some point this is ridiculous we know cybersecurity is a huge issue. we've had two days of testimony from the ceo of colonial

pipeline that got dragged in front of congress vulnerable to a ransomware attack. we had terrific interchanges with palo alto networks which you know is important and crowd strike in particular is doing so well in the latest quarter we got a strong top and bottom line beat 74% annual reoccurring revenue growth that is astounding and the full year forecast could this stock make another run towards the february highs i think this group is amazing. let's check in with the co-founder, president and ceo of crowd strike to get a read on the quarter and where the company is headed. welcome back to "mad money." >> thank you, jim. >> george, you waste no time in your conference call you say at the same time ransomware has aservice site you're talking about, of course, criminal activity and you are saying that even novest e criminals can run a campaign

how is that possible and two, why aren't people hiring crowd strike to stop it? >> well, jim, you know about the subscription economy that certainly has moved to the bad guys they have taken it to a new level. ransomware as a service, you don't really have to know that much they create the software packages they create the way to exploit them they offer it as a service and get a profit cut based upon the amount of ransom that you actually get back. it a very fluid and dynamic market and as you've seen there is tremendous impact beyond the financial piece but the business resiliency element and meat packing plants are being impacted and we have a lot of customers using crowd strike to protect themselves against this and that's certainly is an area of focus for us. you know, being able to prevent against ransomware these attacks and that's why we built crowd strike. >> is this a situation where a bad guy goes into a parking lot and sees one car and all the

buttons are down he sees another with them up he says i'm not going for the buttons down but the doors open. you're the ones with the buttons down. >> that's certainly true in some cases but what we've seen and we've talked about this a few years ahead of whenever this really broke as this movement towards enterprise ransomware and years ago, not that many years ago i should say, it was, you know, phishing email and pay $300 in bitcoin and move on but adversities are taking a page out. they are getting in and staging their ransomware and deploying it using things like microsoft technology to deploy it, which is normal systems management software activating it and then creating a ransom for the company. so it's become a big game hunting as opposed to traditional ransomware.

>> this is argis organized crimd you got the tools to stop it. >> we built crowd strike using a.i. and the power of the cloud, collecting over 5 trillion signals per week so we could identify these attacks and we could stop them and there is a reason why our customers are delighted with crowd strike. there is a reason why we're so far to the right in the garden of magic quadrants and reason we're number one in i.d.c. modern end point is because the technology works and easy to deploy and has tremendous volume for our customers. >> let talk about the fortune 150 customer you got the customer is trying to deploy microsoft defender they found themselves frustrated why? with the complexity cumbersome agents and resulting in less than one-third of the end points protected? so in other words, i mean, this is a major company offering a product that doesn't protect >> well, and that's what we've seen, jim, is that a lot of companies are reluctant to buy from their o.s. manufacturer

they're busy building o.s. and word documents and productivity apps and all those sort of things, if you will. they are looking for a company that specializes in security and has a single agent, single console and built from the ground up. microsoft technology, legacy technology they bought in 2004 signature based multiple co consoles and one of the things is it gives you different levels of production depending on the operating system because they're depending on the operating system to add capabilities to it so that customer got frustrated. didn't have a good deployment. went to crowd strike seamless deployment up and running and protected. >> how many people have the system that colonial pipeline has? >> well, when you say system, i mean, there is a lot of colognil pipelines out there and a lot of old technology, o.t. environments are typically brittle because they use old machines we've seen windows '95 and they

are harder to protect. >> it seems like there are some people that question how many real clients are left and you in the conference call blow that up, say, let's not double what we have. there is thousands and thousands of people who need crowd strike right now. it could be ten times the number of customers that you currently have. >> absolutely. we're over 11,000 customers. we're super proud of our growth on the customer count but in the grand scheme of customers, that's a tiny fraction if you look at some of the other competitors, legacy competitors over the years, they had hundreds of thousands of customers. when you think about the small businesses, all the large enterprises, there isn't anyone in this world who doesn't need cybersecurity. big or small, you're going to need it because the threats are out there. we've seen the impact and everyone needs to protect themselves >> one last question what would happen if the government said all right, nobody is allowed to pay ransomware, if they do we'll prosecute you. would that stop it >> i don't think it going to

stop it because they are going to find another way to get paid. these folks behind ransomware and these sort of attacks is a very well organized well funded business and h.r. departments have tech support and multi language support they are going to find a way to get paid and it's our job to be able to protect our customers and keep one step ahead of them. >> thank you for giving us a dose of reality. i think people just feel like that that's one off or some weird government so uh-uh, they got h.r. departments good for them. maybe they're treating their people well while they rip our country off. george, crowd strike co-founder and c eo thank you for telling truth on "mad money." >> thanks, jim. >> i don't know about you. i'm kind of stunned. the bad guys are real bad, aren't they? george, co-founder and ceo "mad money" is back after the break. >> announcer: coming up, got crypto stuck don't make a move until you hear

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everyone is talking about crypto currency. it's finally gotten so big we need to start caring about the crypto ecosystem, not just whether it's a theory like bitcoin. there is too much money involved, right now we have very smart people pointing to a major weakness in the system i'm talking about stable coins, tether these stable coins are pegged to tradition non-digital assets one might think the u.s. dollar bonds gold tethers grown to become the third largest crypto

currency behind bitcoin and has a market cap of $60 billion with a b. tether is a key source of liquidity for the entire crypto currency ecosystem the irony is most of these things are too volatile to use the currencies bitcoin was up 10% today, which is great if you own it as a speculative asset, something i recommended repeatedly but swinging terrible if you use it as a medium of exchange and that's where the stable coins like tether come in. it is pegged to the dollar, emphasis more of less. you see lots of people trading between tether and bitcoin and using tether to conduct actual transactions often very leveraged. in the last 24 hours, tether accounted for 14% of trading volume and 16% of all therum think of it as the biggest link he between crypto currency the head of the trading

commission and the guy who over saw the troubled asset relief program during the great recession are pointing out there could be serious flaws in the system he's concerned about teether more on that later when we actually speak to him and it's going to be right after the break and the company behind tether that is named tether is banned from doing business in new york by the state attorney general. that's a pretty big penalty given new york is the home of wall street don't you think? you know what that means close to look. before i get into the weeds, i am a huge believer in supporter of crypto. i think it is a good idea to put 5% of your portfolio in bitcoin or athurium. i have a portfolio of crypto i'm not trying to attack crypto here it the opposite. i want a healthy crypto ecosystem in part because of your investments and mine so if there is a problem with teether

it needs to be addressed i told you tether is the link between the crypto economy and real economy some experts worry it's a weak link it supposed to be backed by real assets originally the company behind the thing said, i'll use a lot of quotes because i got to get this right tether's currency is 100% backed by actual assets in our reserve account and can be viewed and verified in realtime end quote then in 2017 they started saying quote, every tether is always backed one to one held in the reserves end quote the deal was these were like digital dollars you could move around faster than a wire transfer however, in early 2019, tether changed the language on the website. quote, every tether is always 100% backed by our reserves, which include traditional currency and cash e kquivalents and from time to time may include other assets and receivables from loans made by

t tether to third parties that may be affiliated enties they are pegged 1-1 to the dollar but you have to wounder whether that peg could be in jeopardy the language started coming after tether with this crypto currency exchange run by all the same people. these prosecutors allege that tether and bit had co-mingled funds, basically bit finished the money so it borrowed hundreds of millions of dollars from tether's cash reserves. less than ideal. as part of the initial court proceedings, tether's general counsel said the stable coin was only 74% backed by cash. so tether is not just sitting ocon a big pile of currency half the assets are short term we don't know which corporations and even though tether doesn't hear much about them playing and are very liquid commercial paper market, which is curious if at some point the economy

goes into a tail spin, some default on obligations tether might not be able to maintain the 1-1 peg on the u.s. dollar extreme but i got more earlier this year, tether settled the case with the new york attorney general and this say major point of controversy tether and supporters argue they didn't do anything wrong or didn't admit wrongdoing, it's true they got an $18 million slap on the wrist that's not much. but they also got barred from trading with people in the state of new york. you go through the settlement. there is some wild stuff in here first of all the settlement agreement says they changed the language in the website lost 850 million to a fortune from tether remember, both companies for awhile tether's coin was partially backed by that loan although it's been paid back tether agreed to start

disclosing reserves on the quarterly basis. we have numbers last month all they gave you is a one-page document with two pie charts and left more questions than answers. 3.9% of tether's reserves are in cash if you want to be more generous by including treasury bills and reverse repo notes it's more than 10% just under 50% is commercial paper and don't know the names and given the size is one of the largest holders of commercial paper in the world but there is nothing wrong with this stable coin backed by short term corporate debt but we need to know whose debt we're dealing with. according to teether, they rated two or above i would rather all numbers and the real issue is why not? do we have to worry about? don't just give us the break down tell us who they are i've been to cayman islands beautiful. they got a clean bill of health but that's not the same as a real audit how stable is tether i don't know

that's kind of the problem, isn't it teet tether is used as collateral for leveraged trading and there is a ton of leverage in the system 100-1 leverage if there is ever a problem with the reserves, you can see a massive underwinding event and nobody could step in to mitigate the damage with the treasury department or fed. it's not changing my belief in crypto i'm in there for speculation as a hedge against inflation. you would most likely see a real run on teether if the chinese shut down their crypto shadow economy. could happen or if there is a huge turn down in the economy jeopardizing come he -- commercial paper or the attorney general couldn't dig up in two years given the importance of tether in the economy, we need more transparency because i am worried about china. why not open the kimono and

agreed to be audited not worry if china shuts down their market bottom line, when you get past the complex terminology, this is a complex issue. they are legitimate liquid and stable or not. that wouldn't be a question if we had more insight into what they're holding. i'm begging for more transparency to put this to bed and erase what very smart pro crypto people fear is the weakest unregulated link and otherwise very strong but unregulated chain. total transparency takes the biggest worry to the crypto world provided what it shows is as legitimate as tether says after all, why don't you show us when we come back, more on the curious case of a gigantic unregulated financial company that's so key to the crypto world as seen by tim let's take some questions, let's go to alex in maryland, alex >> caller: jim, pleasure to be on the show. thank you. >> i'm sorry, glenn, you're on

the show. >> caller: so great investment tips. >> thank you >> caller: talking about marathon digital, ticker mara. let me give you facts. when bitcoin was $19,000, mar was trading $40. it's trading around $26 with good liquidity, about 15 million trading shares per day mara recently spent profits to increase mining power to 10.4. laymen terms, they are going from 30,000 minors to 100,000 miner machines by the time all minors are operational, they will be mining about 60 bitcoin a day at the expense of $5,000. they also left in a contract with an electrical company to limit power cost, assets include over 5500 bitcoins obviously assuming bitcoin stays in the current rate of $35,000 or higher. >> okay. look, okay look, i mean, that sounds like

an interesting speck on bitcoin. to me if i want to take -- look, it's an interesting speck on bitcoin. i'm not going to say more that than that because i don't know the company. if i want to know mining and bitcoin, it's a small part of nvidia because they have mining carts but maybe i'm too conservative for you but look, i certainly blessed that if someone wants a play on crypto mining hey, i like barrack. that's a play on gold mining all right, two things are very certain. tether is a pillar of the crypto economy and legitimacy of the reserves let's call them unclear and suboptimal we need more transparency from them much more "mad money" ahead. my conversation about stable coins doesn't end here what should you do with the an in this evidence of this market? all your calls rapid fire in

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arguing at the time of shock, stable coins crisis a kin to what happened on a major market fund broke the buck so to speak in 2008 because they owned a bunch of paper that became your worst transfer department saved the day by back stopping i got to tell you doing that for crypto currency. because this topic is too important to ignore and i like crypto currency so much, let's take a closer look with tim to get his read on the teether situation. welcome back to "mad money." >> jim, it's great to be here. thank you so much for having me. >> thank you, tim. you know, i like crypto so much and when i started reading about this tether, i said wow, i got to go to a man that knows more than i do to find out whether the risk is real and how it could really hurt people let's say holdings in crypto but more importantly, the world of crypto and whether it's stable enough because of tether.

>> right well, you know, tether has become very important in the plumbing of the crypto markets, you know, and grown to a $60 million market cap some people think all of crypto is gambling. it's like the chips you get when you go to the cash lier and mak it easier to move game to game and don't keep cashing in and out of dollars you move your value around from tether but the problem is what tether is doing with the money that you used to purchase the coins and we now have disclosure about that and while in one way you can think of it like a money market fund one token equals $1 supposed to be invested in stable things, in fact, you know, they are investing in stuff that's not clear whether they can liquidate it quickly and at full value so as long as a lot of people aren't demanding their money back there is not an issue but if suddenly a lot of

people did, i'm concerned there would be an issue. >> now, when i get the statements from the very nice people at tether they say we have much more transparency then i read that new york the ag sett settlement they basically got kicked out of wall street of new york and to me, that's highly unusual and you went to law school with me if new york decides you can't do business here, shouldn't we be more worried than people are >> we should be. some people might say oh, well, the a.g. didn't impose that big a fine and that's true but the important thing is the a.g. required disclosure and now when you look at that disclosure, that's when you get concerned. you know, 13% of their assets, this is 13% of 60 billion is invested in secured loans. we have no idea what kind of loans those are or who they are to they claim 50% is in commercial paper. that's a lot of commercial paper

but i've talked to a couple of people who are involved in trading commercial paper they're not sure they see tether in the markets so i don't know what commercial paper tether is buying but, you know, it all a concern. we need more disclosure. >> now, one of the things i think people will say is who cares? this thing is not that big tim, i got to tell you when i first heard this i was shocked at how big tether is. >> yeah, yeah. that's right i mean, a lot of people would say oh, crypto, you know, it's let the buyer beware it's caveat. i don't take that view first of all, you know, i think integrity in our financial markets is important number one. number two, you never know links and increasingly the crypto world is more and more connected to the main stream financial sector and tether really is kind of tied into our payment system, if you will. it's a digital dollar in many ways so i think we do need to be concerned and i think we need a better frame work of regulation

for tether and other stable coins and that could be a money market fund where, you know, you can only claim it's a stable coin if you invest the money in highly high quality liquid assets and ringing it within the banking sector where it has to be issued with a bank and the bank has to have it back by deposits you can say those deposits have to be parked with the fed. there are other in between measures, as well. a better frame work so we can just be sure that there can't be a run on something like this. >> tim, we have a world that really with regulation prices are better so to speak you have people like you and me, i mean, i started reading about this i immediately called where i keep my crypto i said you're not involved with tether, are you? they said no i said that's a relief to me at the same time, there is most people that say i'm just being

ridiculous, that this is no chance that this could cause a risk tim, how do we like -- how do we really weigh the risks of this darn thing >> right well, you know, there are a lot of people who very much like the fact that it's not regulated that there is some capacity to it you don't know what is going on because a lot of money going to tether is coming from overseas with capital controls or restrictions that would not allow people to do what they're doing. look, my view is always that in the long run, a sound regulatory frame work is better for financial markets. weave we've seen this movie over and over where people said not to worry, you know, subprime mortgages and the derivatives on those are small and outside of the main stream banking system and, you know, look what happened i'm not saying we're due for

that with crypto or with tether, i'm just saying i think a sounder frame work of regulation would be better in the long run for the development of the industry and i'm perfectly happy that people invest in crypto i don't know where it's going. but i think the technology is exciting there could be potentially very important applications of the tech technology look, we're suddenly talking about central bank digital currencies that wouldn't have happened but for bitcoin led to things like stable coins which is now causing central banks around we need a good regulatory frame work around. >> that's exactly what i think that is the chairman and harvard kennedy of school of research and an old friend and classmate at harvard law tim, great to see you. >> jim, great to see you, thank

you so much. >> thank you "mad money" is back after the break. >> announcer: just chill out. >> is this chill master j? >> the chill man is in the house and happy. >> announcer: the lightening round is coming up when "mad money" returns (vo) nobody dreams in conventional thinking. it didn't get us to the moon. it doesn't ring the bell on wall street. or disrupt the status quo. t-mobile for business uses unconventional thinking to help you realize new possibilities. like our new work from anywhere solutions, so your teams can collaborate almost anywhere. plus customer experience that finds solutions in the moment. ...and first-class benefits, like 5g with every plan. network, support and value without any tradeoffs. that's t-mobile for business.

pain? yeah. here. aspercreme with max-strength* lidocaine. works fast and lasts. keep it. you're gonna need it. kick pain in the aspercreme it is time, it is time for the likening round buy, buy, buy,, sell, sell, sell and then the lightening round is over are you ready, ski daddy i'm going to go to mark in florida, mark? >> caller: hi, jim, nice to have you back. >> thank you, mark it was a nice vacation with the

family there what's going on? >> caller: one quick note first, a woman called you yesterday and said she was calling from dallas cowboys country. the look on your face was priceless. now my question. >> it's an issue. >> caller: the ceo of roblox on recently and everything sounded great. i bought some and it jumped up but with no bad news it's plummeted 12.5% from the high on friday should i ring the register, hold on -- >> no, no, no. there was some music publisher suit here but i said when i was in halftime with judge, it's a great long term story. i waffle over how expensive it is but it's a great story. marsha in ohio, marsha >> caller: boo-yah jim. >> boo-yah >> caller: i got a stock i've had since before the pandemic and it's done nothing. it's gtn, global payments network. >> people love payment stocks. i mean, payments, this is a very

good company global payments i'm recommending it. it a very good company i would be a buyer steven in new york, steven >> caller: hey, jim, what's going on my brother? >> not much going on there, chief. what's happening with you? >> caller: i'm very blessed and excited to be here special shoutout to you, my brother. >> thank you >> caller: so, i wanted to ask you about my medicine. >> my medicine i don't know my medicine ben, my research director, help me my medicine. we got to get on that one. i'll tell you. let go to joe in new york, joe >> caller: hey, jim. >> what's up >> caller: good to talk to you. >> same. >> caller: joe from brooklyn. >> yes, we'll see you tonight at bar city miguel. we'll have a chicken tendie together what's up? >> caller: striker corporation. >> striker is an excellent company. i like the device business very much i like medtronic better.

let go to nathan in pennsylvania, nathan >> caller: hey, jim, i want to start off by letting you know that you are by far the best educator i'veever had in my entire life. >> that's the goal that's the goal. thank you, thank you very much that's the goal. must be from the east part of pennsylvania what's up? >> caller: hey, what do you think of stem incorporated >> we looked into stem it an energy storage company and thought it was proprietorry. some say we're aggressive but had a nice run here and that, ladies and gentlemen, is the conclusions of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade coming up, when it comes to your financial future, leave the anecdotes. tipping the cap to hard data and the money it can make you if you know how to use it, next

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in this business, we're taught that anecdotal information is worthless when you put enough anecdotes together, that's not just a bunch of disconnected stories. it's a data set and it deserves to be taken seriously so that you can act on it even and buy a stock. so let me give you my anecdotes. last time i interviewed a legend who has run activation blizzard for 40 years i had him pegged as a genius but not this much. he and his team created a series of incredible products that turned out to be more than just video games and more than just a

game they are a new mode of human interaction and a way to stay in touch with people even when you're separated by long distances. not long after we talked about call of duty on air, i found my world of buzz with people wanting to say how they stay close with family members and friends. everyone from my executive producer's husband and son to her husband's brother and his son, my stage director tells me doing the same thing then i go again on my small plate mexican restaurant in brooklyn, which i'll be tonight and people tell me wait a second they, too, play the game with friends or relatives who they would have long since lost touch with i mean, this is nothing to do with covid i didn't know this so i'm not a gamer this is not my world but when i get that many people telling me about something, it makes me think this is more than just a phenomenon that will end when covid ends it's a new way to hang out with people who might be on the other side of the world.

why does this matter because it's a huge positive it been stuck in a post covid rut meaning the money managers don't want to go near it because they believe the whole gaming industry will get hammered now that people can go out again and comparisons will be too difficult and trajectory kaput i don't buy this anymore when so many people are talking how they have been playing to keep in touch with their families do you think this will end do you seriously believe people who tasted these amazing life like games will say that's it. time to put down the controller, i'm going to the movies? as much as i like what adam aaron is doing to raise capital, i don't think that's going to occur. gaming isn't going anywhere except for maybe up. now, i had the same thing happen with rvs and motor homes i do a piece about rvs featuring thor industries and discover a ceo i know who took an air stream from minneapolis to palm

springs and he loved it. sure, the inspiration may have been covid but that rental is a powerful testament to the growth of the homes and wheels and yes, for wealthy people it wouldn't matter if hotels had kept prices stable and maintain the cleanliness. i don't think they've done either i learned that a close friend of mine's family is tricking out all the air streams, marking them up finding eager buyers this is post covid, people, not during lockdown. the change is real the stock of thor certainly doesn't reflect this new ado adoption the backlog of wars, the stock is down $36 from the highs it crazy now again, this could be anecdotal, a bunch of people told me they like call of duty and rvs, maybe it's meaningless. again, two years ago everyone was asking me about bitcoin. i just missed it thought it was meaningless that was a mistake good thing i decided it was at $12,000. i don't want you to miss the next big thing because i worry

my evidence was too anecdotal when the underlying fundamentals are just so darn strong. i like to say there is always a bull market somewhere and i promise to find it for you right here on "mad money." i'm jim cramer see you tomorrow the news with shepard smith starts now a multibillion-dollar oil pipeline project abandoned and president biden readies for a sitdown with vladimir putin. i'm shepard smith. this is the news on cnbc stepping off air force one and on to the world stage. president biden begins the first overseas trip of his presidency. >> democracies of the world are standing together to tackle the toughest challenges. >> but can he strengthen our strained relations abroad? keeping america competitive. the senate passes a bipartisan $250 billion bill. >> a