-- rocket. >> pete najarian. >> microsoft best chart. >> according to you. guy adami. >> zrks scaler, look at that sucker. >> thanks for watching fast see you tomorrow at 5:00. my mission is simple to make you money. i'm here to level the playing field for all investors. there is always and i promise to help you find it "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cray america. i am just trying to make you some money my job is not just to entertain you, but to educate and teach you. call me at 1-800-743 cnbc or tweet me @jim cramer how could the s&p 500 close at a record high when we got a

terrifying inflation number this very morning simple when everyone expects an outrageous government statistic, then it isn't actually outrageous when you get it when the labor department reported a red-hot number this morning, consumer price index up 5%, the biggest year over year increase since august of 2008, the market took it viaduct. the dow advancing 19 points. a new high most important, the tech nasdaq climbed 0.78%. inflation winners in the dow underperformed while the classic growth stocks, nasdaq, microsoft, service now, adobe, crowdstrike, amazon and alphabet, they all roared! it's like when you are throwing a surprise party for someone and they find out ahead of time. they usually try to pretend they didn't know just to spare you the embarrassment. today many people pretended they didn't know about the inflation number which is why you got a

faux surprise. it was, obviously, going to be hotter than the projections. who the heck is making these stupid darn forecasts in the first place? here is the thing though when you got a phony surprise, everyone always is afraid that someone's is not in on the joke, that some big firm with a lot of stock will be shocked and say, wow, that's awful, the fed will have to tighten immediately. so, so, so, so, so, so, so, so the fear of clueless big money keeps people on the sidelines. once the number prints, nobody freaks out, the buyers biding their time come in offer the sidelines and bye buy, buy, buy buy! it may not be a surprise 5% inflation seems serious doesn't it wreck the economy? not so fast. this a case where you have to read the fine print. remember fed chief jay powell keeps insisting this inflation is transitory, it will subside

even if the headline numbers currently seem real bad. when you break them down though it sure looks like powell may be on to something. first, the biggest price increases for used cars and trucks, up 7.3% in may, continuing the trend from april. used vehicles alone accounted for one-third of the total consumer price inflation transitory you bet it is. what's happened here is that new cars and trucks contain a lot of senow we have a chip shortage last year covid sparked and exodus from the cities to the suburbs. who thought that would happen? forcing millions to buy cars all the semiconductor factories are at full capacity so they haven't been able to expand production that means anyone who needs to buy a car or truck has to buy used wherever you can find them it goes back to semiconductor shortage and the thing about chips is that the foundries are pumping them out 24/7. plus, there was a fire at a

major japanese facility a few months ago that's coming back online. sooner or later they will reach equilibrium and the market will be flooded with supply this problem, transitory it will resolve itself there is nothing the federal reserve can do we need more foundries more line items. airline fares jumped so what? of course airline tickets are up nobody was flying may of 2020. plus they misjudged the strength of the pfizer and moderna vaccines they haven't grown capacity to keep up with demand. there are nine any new airlines launched this year and there are plenty of planes to be had fares will plummet once these companies are rolling. oil and gas wc this is another supply issue the biden administration is a friend of the oil pacs, right. the trump administration sowed the seeds of oil and gas prices

destruction by encouraging companies to drill and build pipelines. now there will be fewer and oil companies are concerned about environmental issues so they aren't producing at much nothing to do with interest rates. this is another problem that tends to fix itself if you give it enough time when grain prices spike, farmers buy more equipment and plant more crops, which in turn sends prices back down and that is exactly what is happening. go read the deere conference quote. i am in the surprised that dining out costs more. like 150,000 restaurants were closed they haven't been able to make it up in volume due to restrictions now that restrictions are easing, prices should come down or stop climbing starbucks is -- talking about a cup shortage they have more volume because so

many of the independent coffee shop competitors went under. they just misjudged. supply chain glitches tend to be related to freight and plastic plastic prices have roared because we have so many petrochemical plants on the gulf coast and they have been hammered by winter storm yuri. as to freight, we don't have enough truck drivers they need to pay them more whchlt people fret about inflation, that's what they are afraid of. they are afraid of wage inflation. that's what they are scared of before you start freaking out about hyperinflation, remember what we really saw last friday in the payroll report. the labor participation rate, it fell 0.10% average hourly earns up 5% month to month and increased 2% year over year. the average work week actually fell 0.10% i am surprised the numbers are so low

those benefits go away in september. it wasn't that strong an employment number. how about port congestion? i think the pressure goes away when commercial flights restart from asia to the united states they will make a come back lots of cargo normally travels when the passenger plans, not just on the containers and ships. when they fly again, that logjam will diminish. put it all together and it's no wonder the federal reserve is keeping rates low. they don't have to lift a finger most of these problems will sort themselves out great proxy for commodity demand down a great deal. the industrials have crushed today while the drug stocks looked, well, they took off, even as that's exactly the opposite of what you would expect if the red hot cpi number took anyone by surprise. okay, look i am not saying that we've got inflation whipped now. i am saying there are too many things that went wrong last year, and most won't be solved

by higher rates. businesses just weren't prepared to handle a strong economy that's a high quality problem. they don't need a rate hike. time will do it for them i think jay powell's gradual approach is prudent. i am betting he is going to be dead right so we should just simply stop bugging the darn guy already he is doing a real good job. [ cheers and applause >> bye-bye maybe powell's responsible for a big chunk of this rally in the stock market or maybe business is just plain good either way, the only truly non-transitory inflation i see is from that wallstreetbets mob who have gotten it in their heads somehow to inflate stock prices although even that's probably temporary given what happened to the mean stocks in january. and given what happened to them today. let's go to anne in massachusetts. anne >> caller: thank you for taking

my call. i am calling about peloton i am a mom of two boys under the age of 2 you could imagine i love the company, love the bike i am a conservative investor where do you see the stock going? gyms are opening up. the weather is nice. >> conservative investor does not buy peloton. as much as i think the company is well managed it's not the kind of stock -- you need to be looking at a pfizer. by the way, there is no shame to look at pfizer it's not bad i talked about it today in a video i did. you need to be looking at some -- you can buy bristol-myers. it's all right here. i just think peloton is not for you. it's just risky. ellen in pennsylvania. please, ellen. >> caller: jim. >> what's up >> caller: i am a philly girl. >> yes, very strong! >> caller: jim, you are the reason i can retire and my daughter is an investor. >> there you go. there you go thank you very much. thank you. >> caller: thank you my question is about stock you recommended highly and i

invested i don't know if it's a hold, buy or sell. ever since it has gone down, and i am wondering if it's being shorted. if so, could it be a target for the wallstreetbets crowd i would like to see it go to the moon i am asking about encino. >> it's been weaker. i don't think the wallstreetbets crowd is looking at this one this is cloud banki solutions i think it's doing a good job. it was actually based in sunnyvale, people would pay attention to it. they are software works and i am sticking by it even though it's down 14% this year i was just playing with their bell right before the show, although the ringer wasn't in. all right. nothing perfect. powell's gradual approach i am telling you is prudent okay maybe just possible a big chunk.

rally or maybe business is good. either way, the only nontransitory inflation is from the wallstreetbets crowd but i think that's real temporary. what happens to a covid winner once covid is less of a worry. the ceo of perkinelmer to find out how the company is positioning itself in a post-pandemic world. and 11.38 million households adopted a pet during the pandemic is chewy poised to -- i am chewing on latest quarter with the ceo. who is really winning the retail world? i am talking to the man who knows. don't miss my exclusive with matthew boss so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jim cramer on twitter. have a question? tweet cramer #madtweets. sendn email @cnbc.com or give us a call at

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♪ last year we saw life science stocks soar after defective covid tests. now thanks to faster than expected vaccine rollouts most of these stocks have started pulling back because it's clear the covid business let's say is might not be around that much longer what do we do? what do we make of the companies in the post-pandemic world take perkinelmer a maker of life science diagnostic equipment makes sense given that the earnings were twubl double two, right? it peaked at 162 it's now down to the 140s.

possibly in anticipation of an list day later this month. tonight a preview of that event and more how the company is doing with the president and ceo of perkinelmer mr. singh, welcome back to "mad money." >> good to be back jim. >> we got to get right to it recently one of the company's i follow that is a terrific company, we said it, had to preannounce that they did not make projections and the reason is because, frankly, the fant pandemic has tailed off or -- and when we had perkinelmer on last time you guys are the leader in machines that make it so that you can test for covid so what happens now at perkinelmer? >> good question and, jim, you know, the beginning of the year when we gave out our guidance on covid, we were very pragmatic in our approach so unlike our peers, you know, we have in fact continued to see

resilience in our testing. in fact, we have slightly raised our covid guidance for the year. but the rationale around us is that it's not just covid we have more than covid. as you pointed out, in life sciences and diagnostics, we will continue tosiak selcelebrao in our portfolio, and since the beginning of the year we have raised our guidance by 700 basis points for our core business >> now, there have been a series of m&as. i don't want to make anyone think you're just that i like diagnostics applied genomics reproductive health. great new area food, which you have environmental safety you're talking about just a series of analytical solutions all of these can more than make up from what i can tell for maybe a fewer machines being sold that analyze pcr, correct >> absolutely. i think the way to think of it is, as you look forward, you

know, over the past couple of years we've continued to pivot our business more in the life sciences and diagnostics arena today more than 75% of our revenue is fconsumables, softwar and services and this is the revenue stream which will continue to grow as a portion of our business, jim if you just take the acquisitions as an example, right, because of the tireless efforts of our 14,000 employees last year, we had a strong financial performance. and given the agility and innovation that we have, we will be able to deploy the returns from the financial performance back into acquisitions over the last six months we have done five acquisitions, jim, and these are specifically in the area of life sciences and diagnostics. more specifically, in cell and gene therapy and infectious

diseases, two areas which we foresee seeing continued growth the over the next decade. >> let's give the people tan example. something that i had to do a lot of work on to be able to ask the question, you are going to dominate in cell painting. tell people what cell painting is >> so as we look at the avenues of from an assay perspective, at the cellular level, when researchers are looking at, for example, in oncology, what is the basis of how you differentiate in cells so at the cellular and cell and gene therapy is an area of research wesiak celebrated and disproportionate amounts of funding going over the next decade i think cell painting, cell editing, cell analysis, cell storage, cell engineering on the cell c cellular side and gene editing, base editing, these are areas

where researchers are going to be putting their focus on. and we want to be at the forefront of that technology to be able to provide researchers the tools they would need in the arena. in the field which we just partnered with broad institute is in the gem cell consortium is one example in that arena. >> i don't want to misspeak. the pick up in china is fantastic. chinese and food safety. one minute on that, please, because i think that business only can go up >> for us china is close to 25% of our revenue and we are disproportionate amount of revenue in china comes from the diagnostics side. but food is a very important growth avenue for us there specifically around food quality and safety testing recently we completed the acquisition of mazang in china because of covid, there was a depression in that side of the

market but it has come roaring back in fact, in all end markets that we participate in, jim, you have seen a significant amount of growth coming back to pre-2019 levels to be more specific. >> i have to tell you, i think we've heard -- i think the analyst day is going to be unbelievable because what you are doing, no one else is doing. maybe a little bit danaher, maybe a little bit nearthermo fisher you will be the dominant company in the new area of trying to explore and map cells. i think that's a much better business, frankly, even though i thought you dominated pcr. this a longer lasting business i salute you, sir, for what you are doing because it's going to be a multiple year expansion for perkinelmer. thank you so much. president and ceo of perkinelmer. great to see you i hope the analyst day goes well. >> thank you very much and look forward to seeing you again. >> there is only a couple of

life sciences worth owning, guys, just a couple. and this is one of them. >> announcer: coming up, the dog days are summer are here early you have three wins to walk your best friend and get back to your screen chewy joins cramer off earnings next

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♪ is this market finally developing a days for turbo charged growth stocks again? from february through last month most of the covid win wers rapid growth rates saw their stocks obliterated. money managers sold them the ones that really did terribly today the last thing, some of these growth names have gotten some -- take chewy, the online pet food and supply store, a month ago the stock was all the way down to 64. yes, down to nearly 50% from the highs. the last few weeks it's

rebounded to the high 70s. chewy reported a solid quarter today. and the stock went down a little bit after hours. nothing big. even though they delivered a nice top and bottom line beat with a higher than expected full-year forecast, it is struggling to gain traction at these levels so let's dig deem with sumit singh, the ceo of chewy, one of our long-time favorites on the show to learn more about the quarter and what he sees going forward. mr. singh, welcome back to "mad money. >> nice to be here, jim. >> okay. so let's go over some of these numbers. to me it looks like a little bit better an every line what i want to know is a lot of people are worried the pet renaissance that happened through covid, they figure once covid's over, people are going to, let's say, not adopt as many pets, there won't -- the market will go down i look at these numbers and it tells me there could be acceleration. >> exactly right we are not seeing that in our numbers and we are also not

seeing that, you know, data coming back from the short sell partners that we work with, over 6,000 at this point. overall adoptions we believe is up still year over year by double-digit percentages across dog and cat. when you look at the notion about pets coming back into the shelters, that's actually the data does not support that so the pets coming back in the shelters actually matches the rate that we were seeing in 2019, which actually would say that when you balance out new adoptions and pets coming back, there is a lot more pets getting adopted now, which is great for the industry. >> okay. so now one of the things that makes you stand out versus everyone in your industry is auto ship. there are some who say that your auto ship customer sales line was a little bit lighter than we thought. i want to know about renewal of auto ship, because that's what i think determines chewy's future. >> well, over 69%, i think 69.4%

of our volume went to auto ship customers. and the amount of net sales through this program is absolutely phenomenal. you know what's interesting, jim, is we, what we report is customers that are subscribed into the auto ship program if you notice, if you look at the number of customers that we have, so for the number of customers that are subscribed to auto ship, there is half more that behave like an auto ship customer and they just haven't pushed the button because, you know, personal reasons they might live someplace they central a lot, they don't want to be in the auto ship program, they want to be -- we deliver a service that they rely upon, so they wouldn't to write the check themselves the point is that the auto ship program is really meaningful and there is a whole lot of customers, incremental number of customers that subscribed that haven't pushed the button up really pleased with the program. we don't see - >> okay. good to know i know you introduced a couple

new programs this pet description program, people say it turns out i heard it costs a lot of money to adopt a dog.scription program, people say it turns out i heard it costs a lot of money to adopt a dog. medicine can actually go down? >> that's right. we have been innovating behind health care quite a bit, jim our intention is to make health care affordable and accessible for every pet parent out there if you look at telehealth, which we launched a couple quarters ago, it solves a customer endpoint and from a veterinarian standpoint it takes care of qualified traffic or triage or, you know, hours where health care isn't available and we expanded telehealth now to a video feature. so the product is loved even more and extended service over the weekend. so we launched a couple quarters

ago pet descriptions which is a dillard's seclusion, a prescription management platform that veterinarians can use and it reduces clinic costs, makes veterinarians more efficient over 7,000 vet their one clinics are using it we are tremendously proud of these innovations we are bringing into the marketplace that allows the service to be better and cost of service lower which is a net-net positive for everybody involved. >> i want to go back to something you slipped in you said 6,000 sellers >> yes yeah, so 7,000, you know, clinics are using pet scription. and then the shelters that you are talking about is we launched pet adoption services. over 6,000 shelters are now enrolled with the pet adoption service. >> so those who have never adopted a pet from a kill short sell, this is personal, too, it's almost -- but you are always trying to match these things, you are trying to find a dog.

so you are doing yeoman's service. you are doing the lord's work because these animals can't help themselves it's been impossible to find we are trying to adopt one now we go to your site one of the reasons why we use you, and i think it's a difficult thing, you can look at auto ship, the digital numbers, but you do personalization at scale. everyone tells me that can't happen you know our pets. there is a new thing you send pictures of the pets. you send condolence notes. you have something new that you are doing for someone who has a new pet. >> that's exactly right. let's talk about this for a second so we -- there is a couple of ways that we approach customer experience and how we build loyalty into the brand which is essentially the crux of the question you are going after first thing is culture okay customer experience and intentional focus and a deliberate attention to customer

experience surprising, delighting and innovating on behalf of customers is built in the dna of the organization and we practice that on an everyday basis. we don't look for a base of customers. we look at personalization on a pear-customer basis. we have done pet portraits, flowers and birthday cards when puppy's birthday is coming about. it's these mechanisms that allows you to earn trust and when there is surprise and delight it's more positive that's one culture. our culture supports customer experience in way that cannot be replicated very easily number two is an intentional focus on innovation. and i am coming to your point on how do you scale this, right innovation allows you to do two things a, do more for the customers telehealth and i talked about the personalization that we recently launched and innovative

towards. personalized dog tags, et cetera and innovation allows you to scale. humans are great at creative problem solving and the utilization of technology can preserve that high-touch experience, but allows you to bring it to a mass number of customers. and ultimately we are an experience-led company on the back of product and technology and then the third one, jim, is give back. our work with shelters we donated $35 million last year to shelters. this year we now launched a pet adoption service, and customers take notice. we earn our trust every day and we keep that trust and that engenders customer loyalty for long periods of time. >> for the 50 million plus pet owners, anyone who is a pet owner has to listen because it matters. will you go to a kill center and adopt a dog before it is put to sleep? i want to thank you sumit singh. great to see you, sir. always love to have you on

thank you so much. "mad money" is bakkar the break. >> announcer: coming up, be it brick or mortar or point and click, retail runs through the veins of any market. master the industry with the man who knows next there's interest you accrue, and interests you pursue. plans for the long term, and plans for a long weekend. assets you allocate, and ones you hold tight. at thrivent, we believe money is a tool, not a goal. and with the right guidance, you can get the financial clarity you need, and live a life rich in meaning, and gratitude. to learn more, text thrive to 444555, or visit thrivent.com. ♪ i wish that i knew what i know now ♪

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♪ what do we do with retail stocks now that so many are had enormous runs. ten months ago the best retail analyst in the industry started l brands american eagle outfitters and the gap as the lag trade. since then these have doubled or tripled. now we have a huge problem a high-quality one post-covid do we stick with

these stocks closer to back-to-school season or do we ring the register? who are the winners and losers managing director of jpmorgan gets a better reed thanks for the lag trade we shared it with everybody. matt, retail has been unbelievable i mean, every day the stocks have great moves time to ring the recomgister ors there more coming? >> absolutely not. there is a lot more coming in the retail sector, jim so i would start off by saying a couple of factors on the economic front you have savings rates in the mid-teens, debt service ratio at 40-year lows and nearly $12 trillion of wealth creation from some of the stock market gains. that plus you have on the employment front more jobs available than any time in the last 20 years. so economically, i think the backdrop is a home run for

retail and at a micro level, look, as we look at consumer spending we have this chase credit card data here which right now is pointing to the month of may accelerating 500 basis points or up mid-teens consumer spending up mid-teens relative to 2019 pre-pandemic that's actually 500 basis points better than what it was in march and april, and march and april had the government stimulus as an underlying driver. >> that's extraordinary. all right. and you have proprietary data because it's chase we had gap and american eagle outfitters on. i thought their stories were terrific we didn't catch them early stay with them >> absolutely stay with the lag trades lb, american eagle and the gap lb, when i look at the bath and body works concept, mid-20s margin, sustainable double-digit top-line story that's trading at a distressed multiple. we see close to 40% upside in lb

from here. on the gap and american eagle, two of the hottest brands in any opinion heading back to school back to school that could be one that, arguably, in our careers might be the best. physical back to school for the first time in nearly two years, you have that at the gap, which is hitting on all cylinders. old navy is a consolidation play from the closures happening across retals. plus yawn yay's yeezy brand and american eagle, probably, arguably, the hottest prbrand in all of consumer. too much growth within the overall american eagle umbrella with the denim potentially leading to a cycle i know you had chip from levi's on a few weeks ac and he talked about the potential denim cycle. we see it as a potential upside or next beyond back to school where that would be a driver for

the gap. that would be american eagle, levis and a number of other brands that could benefit from an overall fashion cycle. >> american eagle is my bullpen for -- it won't come in. sometimes you have to bite the bullet, right? they are not going to come in big, are they, matt? >> look, again, when i take a step back and think about the underlying consumer, the structural changes that are happening, i mean, you look at american eagle, the gap, l.b., the department stores, they have all taken a cut, and they have cut, you know, some of the slack which is the brick and mortar exposure so i think retail comes out of this a better place on the other side of the pandemic as i look at nike, lululemon, vf corp., higher penetration, higher margin e-commerce as i look at retail before versus after the pandemic, you want to associate yourself with the growth, health and wellness athletic and follow the market share, and the market share to

me, you're seeing it across the discounters, the dommer stores and the off-pricers. >> consumer price index came out today, a little bit hot. it said apparel was hot. if that's the case, maybe i should trade down somewhat t.j. maxx. ross stores. 200 points, burlington are those good, too? >> the interesting thing as we look forward, jim, i mean look, we are watching covid, obviously, for any twists and turns and, you know, could we see a surprise set back. inflation, i think people may be looking at it wrong. for apparel, moderate inflation is not a bad thing it's actually something we haven't had in this sector the overall apparel sector has been deflationary for the better part of the last decade. as i look across the spectrum, there are two beneficiaries. if you are selling innovation and you are selling newness, that to me is the global brands. so that would be nike, your lulu, your vf corp

brands that people want have pricing power. the second side that you brought up, the off-price sector, i think the real opportunity here is a little bit of average unit retail expansion, meaning a little bit of additional price that they can pass through as they index off of the general retail apparel sector can go a long way to leverage the supply chain and distribution cost. that's been the biggest headwind on marches if that turns you have a inflection with the off-price retailers, tjx, ross, burlington, you could own the whole sector. >> people ask me, have i missed it clearly will not from the guy who knows the most matthew boss, jpmorgan thank you so much for coming on the show. >> great to be back. >> guys, remember some of these. gap stores, people said, jim, how could you be so late obviously, we're not late. "mad money" is back.

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>> announcer: "lightning round" is sponsored by td ameritrade. ♪ it is time it's time for "lightning round"! and then "the lightning round" is over. are you ready? "the lightning round." steve in new jersey. steve! >> caller: jim, how are you doing? >> doing well. how about you? >> caller: okay. my stock is in the container shipping industry which is doing

quite well the last earnings three weeks ago saw reason double from last year's march quarter and they raised full-year guidance as well also, there is a special $2 share dividend coming up a recent 8 million share secondary offering the stock i speak of vin shipping. >> that ing is too hot for me. no, that's too hot it had a very big run and those stocks are cooling right now i want you to walk away for a little bit let's go to kurt in florida. kurt >> caller: booyah, jim hey, i invested in [ inaudible ] when it hit the market it went to the moon and came back down. and this one, do you think it's going to do anything special >> i like lieucid i don't like lordstown that's a bad ride. i believe in lucid even as it

was going 80 miles an hour after my back surgery. unfortunate moment i like that one. i think you should own it. joe in new jersey. joe. >> caller: hello, mr. cramer >> what's going on >> caller: it wasn't the same with you out last week i am glad you're back. >> my wife said the same thing she is glad i'm back >> caller: my stock is cad minute holdings -- >> so you are a speculative guy. you like speculation big-time speculation understand that's a up down, down ten as long as you get that. jack in ohio jack. >> caller: hey, thanks for taking my call, jim. >> no problem. >> caller: i got in at a good dividend months ago, add more, take some off the table or hold. ibm. >> i like ibm. i like it here you know, he is doing a good job. remember they are going to split the company. so you are not going to get -- you will get together the

dividend, but you are buying ibm you are going tore growth and i think there will be growth by the way, i like what gary cohn is doing there. he is doing an excellent job, helping out, craft a longer-term strategy george in pennsylvania kichlt how you doing, jim >> perfect how about you? >> caller: good. i am asking about dtmt it's an oil -- >> i know. i like it. i said it this morning on "squawk on the street. these are the stocks, like enterprise, i like one oak after what i saw with the keystone, they ain't never going to get another pipeline afrofd in the country the ones that are existing are going to make money. now sean in florida. sean >> caller: boohoo, jimmy chill. >> booyah, sean. >> caller: i have been watching you since the days of pedlow and cramer. >> i was 13 then. >> caller: okay. i am glad we are doing it over

the phone because i got a face made for radio. >> self-denigration. one of my skills ki. >> caller: i have a company, the stock is up from where i bought it it's about meeting people for less money i like it. i know it has detractors ticker symbol aqb. >> no. it's think it's an interesting situation. then again, i also like beyond meat so maybe i shouldn't be trusted. although i had some this weekend and it was particularly good and no one knew it was even beyond meat. everyone thought i was making burgers. let's go to naj in illinois. >> caller: what's up, jim? booyah >> how you doing >> caller: good. happy to be here i wanted to get your thoughts on the trade debt tpd - >> i like trade debts. remember, those high-multiple stocks, people don't like them now. that's one of the most expensive in the market, roku, snowflake i stick by them.

why? i like jeff green. no, no, no yeah, yeah, yeah ladies and gentlemen, that's the conclusion of the "lightning round" >> announcer: "the lightning round" is sponsored by td ameritrade coming up, don't make a move on memes alone. how can you tell if a stock is really reliable or just riding a reddit rally cramer explains next >> jim cramer, you are one of my heroes. >> thank you so much for helping beginning investors like me. >> when you talk about the market, i just believe that you're spot on, i love it! thank you so much. every night we watch you i have learned and earned. . oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya.

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♪ look at me not everything that rockets higher is a meme stock it's worth remembering that reddit's wall street bets is not the only thing moves like in cleveland cliffs, clean energy fuels, both labeled meme moon shots. let's start with cliffs. one of the cheapest stocks in the entire market. it's an older steel and iron ore producer they have taken advantage of the rise in steel prices we had them on the show when the shock stock market was under 19. i was astonished how inexpensive

it was given there is no new capacity in the steel industry in fact, the mills that have been shut down remain uneconomic at higher prices when it comes to cheap government-supported steel, chinese steel, it turneournamenu president biden is a protectionist against it as president trump was. i am not worried about that. two years ago cleveland cliffs was a storied iron ore company it's hard to make money from iron, which is a definition of an undifferentiated commodity. now thanks to a couple of acquisitions, it's a vert kwli integrated steel maker they had to take on a lot of debt to do the deals now it can pay down the debt by selling stock as it did earlier this year. as the company keeps on chipping away at the roughly $5 million in debt they have, the stock will keep climbing, especially since it's spewing vast quantities of cash

the difference cleveland cliffs has incredible earnings. making a fortune now business is booming. after yesterday's 15% move the stock is cheap when you put it on ebitda basis, cash flow with true meme stops like gamestop or amc you have to spin elaborate stories just to justify owning them. if they keep raising money, something brilliant and you can think, hold it just a second, it could be, i don't know, the valuation might be, yeah, okay, i'll buy with cleveland cliffs just keep doing what they are doing and the stock will continue to chug high early then there is another kind of mistake in meme play it's something called clean energy fuels long-time viewers might remember this the company that built out a network of fueling stations for natural gas-powered vehicles the ceo told a great story about gas is a cheaper cleaner bridge

fuel that could replace petroleum or diesel. of course, natural gas vehicles never took off clean energy fuels floundered, suffering years after years of losses now though the company is pivoted. it's largely in the business of selling what's known as rng, renewable natural gas. and that's 73% of the production this time they have a big supporter in amazon. actually the largest customer. just like plug power, fuel cell play, amazon has a deal where they got -- you know, in the form of bad press if amazon ever exercises the stock n this case amazon's apparently committed to hundreds of millions of gallons of clean energy fuels, renewable natural gas, which is made by capt capt capturing methane from farnls, wastewater treatment plants. they are building 19 station and amazon has 26 stations

the potential for amazon alone is 15,000 heavy duty trucks. fuel solidifies the joint bench relations with clean energy as bp and toe tall. now, we have been burned by clne before they have positive cash flow from operation $300 million in cash i think the company will make a lot of money as soon as next year a shocking development if you remember them from our earlier interviews, then again renewable natural gas has a great pitch. when you extract natural gas from, say, manure, it's the least harmful fuel there, clean hydrogen fuel cells, better than electric vehicles f they don't turn that into fuel, it goes into the atmosphere nanyway it's cheap i mean, what's not to like about

nanu man you're? wallstreetbets might have noticed it but i think they are buys with or without the meme stock affection. i like to say this i promise aisle find it just for you on "mad money. i'm jim cramer see you tomorrow "the news with shepard smith" starts now crow you don't want a covid shot, and you don't want to be punished for it. this thing's coming to a head. i'm shepard smith, this is the news on cnbc fighting back against vaccine mandates, new backlash as the unvaccinated face penalties. >> i feel like they kind of bullied us into this little corner, either you have to do it or you don't have a job. >> are organizations going too far? >> the scale of this is something that i don't think this country's ever really seen, and it's going to get much worse. >> the head of the fbi questioned by lawmakers about the rise