original crypto king. >> bryan kelly happy buddy, we miss you. >> 50 today. >> blackstone continues to go higher. >> nice. all right. we will do an nft for a hard rock cafe my miegs mission is simple to make you money. "mad money"ssion is simple to me you money. "mad money" starts now o hey, i'm cramer. welcome to "mad money. welcome to cramerica my job is to educate and teach you so-call me at 1-800-743-cnbc or tweet me @jimcramer

cleanup on aisle 7 you have to brace yourself for the mess because you need something from aisle 7 or means nothing because you have nothing in that aisle and have no reason to go there. the dow lost 86 points and s&p advanced and the nasdaq rallied with the s&p and nasdaq setting new record high closes, we've got a series of aisles that badly need cleanup industrials and fie shnancials d it's tough to keep merchandise on the shelves most people insist on seeing the stock market as a totality rather than thousands of different stocks it's like the supermarket. there is the freezer aisle it's not the same as the fresh produce. they are different you often hear people treating them like an undifferentiated mess when rich money managers come on our air, 1sometimes they are trading the market and most individual stocks try to take a

sizable position it's easy to flip in and out of the futures, which can take every aisle. you don't have to do that, though, right? you can just avoid the mess and head straight for the clean aisles staying strong. if you get a cleanup on aisle 7 situation that takes down the entire market, think of it as a buying opportunity for the other better isles or entirely if you really want to own a melssed up stock, maybe they are too low and you can do it. so, what's the difference between a good aisle and bad aisle? you get a crowd stuffing their cards with anything that moves in the senior and junior growth stocks now the economy could be cooling down or the federal reserve might be about to slam on the brakes to tamp down on inflation. too many rice cakes before the show once the fed starts a tightening cycle, money managers swap out the cyclical boom and bust stocks and they swap into the secular growth stocks.

that playbook was a huge driver of today's action as swift traders are trying to get ahead of that call so what they are doing is selling these now because they think others will sell them later. then there are aisles where there is liquid all over the floor and boy, that was industrials today where the glass is flying and there aren't enough mops to clean up everything that was the bank aisle where people are slipping and falling after j.p morgan talked about a 38% decline in trading revenue ouch that's much lower than expected. of course, once one jar gets knocked over, it tends to take down everything else in the aisle which is why goldman sachs and bank of america got hammered as the latter told a very positive story this morning on squawk box i don't know if you caught it. good that ugly trading number from jp morgan is a serious mess and real problem you have to expect some analysts will cut numbers and downgrade the bank stocks tomorrow that's why you can't get ahead

of them too quickly. how about the other aisles for the most part, nothing really news worthy happened. that's what makes some of these moves so disconcerting to people for example, nobody said boo about caterpillar yet the stock fell through the fourth straight day. now, some might say that's because biden's infrastructure bill stalled and down 30 points from the highs but i think that misses the real driver to me cat is falling because there is a perception the federal reserve will have to change the posture at wednesday's meeting. that's wrong but a lot of people are assuming they will have no choice but to tighten the red hot consumer price index number. that's why the dows got hit today but not the nasdaq the dow is full of stocks that would be crushed if powell gives the inflation people what they want that's this group. okay this group actually does well but i'm really focused on these. to these people need to listen to what powell actually says rather than presuming he'll stick to the feds playbook

see, i really got to make this play see, powell is different he's thrown that playbook out the window i think powell is very committed to an easy course even if you believe inflation is out of control. he wants to keep rates low so that the unemployed and the disenfranchised get descent jobs if the costof a stronger labor market is above average inflation, so be it. whether you agree with powell or not, he's been very up front that this is the plan so i'm willing to wade into the beaten down industrial aisle and start picking up bargains tomorrow the mess has still yet be cleared. this group not this one. how about the aisles that are bustling all right. what is there for you if you like me you believe that inflation is running its course and the fed knows it, too. let me introduce you to these two terms. these are what is driving a lot of stock market action right now and a lot of people don't know them because they have gone out of style i want to bring them back.

there are senior growth stocks and junior growth stocks as much as i love the term fang, that is my acronym for facebook, amazon, apple, netflix and google, we need to broaden out and call them senior growth stocks because there are so many other senior growth stocks that are being put in the card. for example, we had a big move in adobe ahead of the earnings on thursday. that counts. this stock that had lost the lift not that long ago actually hit the all-time high today. it better be good when it reports. microsoft works. nvidia, right? after a long time, sales force and the money flows into the financial technology plays so that means square and paypal. panic buying maybe fintech should have its own aisle then there are the junior growth stocks, smaller and faster growing than their senior components there is, for instance, by these types are roaring.

there is twilio. there is roku, which is the cord cutting kingpin and crowd strike and etsy, the online market for hand crafted goodness based in brooklyn and docusign a way to close deals after the pandemic the stocks are beloved by cathie wood with incredible year in 2020 but struggling in 2021 until recently often she seems to keep these stocks by herself. now, i am not against fang and friends. i've been a huge supporter of the senior growth stocks especially amazon but i'm beginning believe it's time to examine the stocks in the aisle where people slip on copper and lumber and iron because those are going down if you think as i do that the fed will keep the fires going, you want to own a steel stock or heavy machinery play cleveland cliffs is down $2

if caterpillar comes to 200 let's buy it i sanctioned energy stocks because many of these companies changed their suboptimal ways, chevron, pioneer and exxon these are the companies that thrive when economies around the world are growing and that's what i expect. the bottom line, until we see the fed's eyes, the whites of their eyes on wednesday, you can expect the action to look like today where we had lots of traffic in the junior and senior growth aisles with shoppers fleeing from the messy industrial and yes, bank stock aisles let's go to tina in illinois, tina. >> caller: thank you for choosing this over law or journalism, jim. >> thank you you're very kind you're very kind i don't regret it one bit. work hard here and i love my team so much what is going on >> caller: you guys are awesome. i bought bumble back in

february i liked the women first narrative bumble bff and bumble business and two of my adult children have chosen it as a way to meet people even with today's bump, i'm down 33%. i know you recently said it's not a stock you would own. would you suggest i buy, hold or sell -- >> i like the company very much. the stock is a tough stock to own right now but the company is great. whitney wolf herd should come on and we'll talk together and see why i think -- actually, you just told me i think what you found is what everybody is finding around the world and that stock should be bought, not sold let's go to john in florida, john >> hey, jim, how are you >> i'm good, how about you >> caller: good. it's a pressure to be talking with you here is the question, right around april, may last year i bought clorox because the pandemic and everybody trying to

clean. it was a perfectly good and reasonable stock to buy and paid $210 a share now i can't find it on the supermarket store shelves. i hear things about supply chain. the stock is at $178 i don't know what i should do. should i buy it? buy more of it, sell it or sit tight? >> it's in no man's land here is the problem. the stock only yields 2.66 i like that stock when it yields three. it's down 13 for the year. that won't endeer par people. it's a great company and you have to hold it until it hits 3% until we hear from the fed wednesday, expect to see lots of shopping in the junior and senior growth aisles of the supermarket and shoppers continuing to abandon these two very messy aisles. on "mad money" tonight, you've heard the june swoom but the

month winds down and we head into july, how should you approach the averages? i'm going off the charts to find out and i'm talking the state of small business with the ceo of american express and especially the interview from miguel and after a big day for bitcoin, i'm sitting down with the crypto firm that climbs the transactions are faster and cheaper than bitcoin could it present real competition? you won't miss that. 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.

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now, we're at a weird moment here with the dow jones pulling back from the highs. it's the nasdaq doing well i mean, right now everybody is focused on the wednesday fed meeting. lots of money managers seem worried about inflation except bond traders who are usually the first ones to freak out. okay i think we need to take things, let's say, one week at a time rather than getting dragged into the inflation debate or the bogus growth versus value false narrative, i want to help you navigate by looking for patterns so that you know what to watch for and that's why tonight we're going off the charts tonight again with larry williams. he's a figure in the world of technical analysis and starts with williams. he's been trading stocks, futures and commodities since before i learned how to drive and written more than a dozen books and created a host of

indicators every trader does most importantly, though this guy has been on a roll. i can't believe it last week larry's chart told him to pound the table on amazon so we didjust that and since then the stocks jumped nearly 200 points but especially finding seasonal patterns and cycles that repeat themselves year after year in the spring he told me to buy the retailers. last year gave us a terrific thanksgiving trade and a powerful fourth of july trade and last april when everyone thought the world was ending, williams made one of the boldest calls i've seen in my career and predicted the economy will start rebounding from covid by mid may which means it's time to buy, buy, buy i was skeptical. many of you were but tonight we're going back to the well because williams has a new pattern he wants to highlight. last year we talked about the fourth of july trade and how to make good money buying the s&p 500 shortly before the holiday

and selling it williams likes the fourth of july story but before then, there is a late june swoon think of it as the prefourth of july play and that's what we're going to talk about tonight. williams has been at this since the 1960s and found stocks get hit near the end of june ranging from a moddist dip and that's why he recommends selling the s&p 500 towards the end of the month and maybe buying it back a few sessions later you don't have to short the market but if you're nimble enough to trade, this might be a good moment to try to sidestep some pain so when would you sell take a look at this. i'm about to show you it's almost science fiction this chart shows how you would have done if you sold it on the trading day in june. assumed you closed out the trade four days later. if you sell in the last week of june, you typically lose money the second to last week is when you ideally want to ring the register again if you're so inclined you can go short.

a in particular, you would have seen the best performance on the eighth or ninth last trading day of the month in 2021, write this down, it means selling either this friday or next monday, the 18th or the 21st you got those dates? friday or monday i need you to write that down because i think it's going to happen if that's the sweet spot to the sell, how long before you spot back in? check out this table look at the last 22 years, if you sold the s&p on the eighth of the last trading day in june and brought it back on the first profitable opening after three days, you made money 50, 60, how about 100% of the time however, if you waited a little longer and sold on the first profitable opening after five days, you actually made the most money if it worked 21 out of 22 times. the only year that didn't work was in 2011. that was a crazy roller coaster market that kept being slapped around my european financial whoas and debt ceiling crisis. i'm not that worried

i mean, that ain't bad if you want to see this table in chart form, it looks like this even if you're not nimble enough to dump the s&p and get back in a few days later, you need to be awarepattern next week will be ugly based on williams' analysis, shorting next week would be a good strategy. if the s&p starts getting crushed, you're up against a powerful seasonal trend. start bottom fishing don't read too much into it and extrapolate it don't try to find a deeper fundamental reason to justify the weakness you know what? think of it as the weather remember, this seasonal pull back is followed by a nice rally right around the fourth of july, something williams told us about last year. if you bought the s&p 500 a couple days before the july 4th holiday and sold it into the first opening a couple days later, you would have made money 21 of the last 22 years. before that jump, though, you need to get through the late

june swoon if all this sounds like astrology, sell the s&p right after the summer solstice, i get it williams is not an astrologer. he tried to run the numbers doing computer simulations on the equinox and solstice but couldn't find anything that worked late june swoon has nothing to do with your star sign and everything to do with a long established 22-year historical pattern. i don't know why it works. i absolutely certainly would not bet against it the charts interpreted by larry williams suggest the s&p 500 could get hit. if you're nimble, sell the s&p next monday and swap back in at the end of the week. if you're not nimble, watch out for the weakness because it could create a nice buying opportunity. let's go to james in connecticut, james >> caller: hey, jim, first time caller from connecticut. i want to first thank you for

all the great content you provide for free you've saved me a lot of hassle. >> that's nice you got that espn guys up there feel the same way at bristol, i think. how can i help >> caller: so i'm looking into dave and busters i haven't opened a position yet. i cut my eye last week with their strong earnings report it seems like they're building on the reopening momentum. they showed -- they started the quarter with 107 the stores opened. they have 138 open and brian jenkins seems pretty confident moving forward. >> first of all, i totally agree about brian. second, i agree the company is doing well when i see a quarter like that and the stock didn't go up and the nasdaq has been on fire like it is, i questioned whether you shouldn't wait for next week at a lower time i don't like how that stock is acting in relation to the quarter itself jim in new york, jim

>> caller: jimmy chill, how are you today? >> the chill man is so nice on twitter. i don't know if you've noticed i'm completely chill, what's up? >> caller: listen, thanks for all you do you gave us a couple of suggestions for a trade starting around memorial day. i guess based on a seven-year chart if i remember correctly. >> correct. >> caller: and you know holding them fora period of time one of the stocks i purchased was cwh. i purchased it around 44 it's been tanked a little and i had to stop at 39.88 with everyone wanting to venture outdoors with the pandemic, it seems that there would be a penalpent up depend for camping supplies are they on the margin squeeze due to higher cost >> i think it's the margins and the stock had a big move off the

bottom i do think that thor up 16% now and had a great quarter down 5 today makes more sense for what to buy thank you for the kind words i like tho all right, the s&p could hit a rough patch next week. if you're not nimble enough to swap out, i recommend using the weaknesses i talked about at the top of the show to do buying of high quality stocks. much more "mad money" ahead. i'm hitting san miguel with the ceo of american express to find out how the company is supporting small businesses like that one then, i'm talking with the new kid on the block don't miss my sit down with the ceo of salana to find out how it giving bitcoin a run for the money and forget the man why the pushers of meme stocks are sticking it to them eselveso stay with cramer

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we need to stay on top, following the money. when it comes to 35payments, it doesn't get better than american express. earlier today we got a chance to venture out for a fully vaccinated sitdown with steve, the chairman and ceo of american express at my small plate mexican restaurant in brooklyn take a look. steve, you have the pulse from anyone this country. i get a feel there is a fabulous roaring '20s going on as the pandemic ends. >> pleasure to be with you today in your restaurant which is just recently reopened. >> yes. >> yeah, when you look at the u.s. economy now, i think it's really starting to come back i mean, you've got van nccinatis where more and more people are getting vaccinated you had tremendous support from

the government from ppp perspective, stimulus, credit numbers are not like anybody thought they were going to be. when i look at my credit numbers, my numbers are lower. people have money to spend they have discretionary money to spend. what do consumers do consumers consume. they will spend and the last thing i'll say that gives me hope here, when i look at the travel numbers, our travel bookings in may were 95% of what they were in may of 2019. >> without international. >> that's u.s. bookings without international. >> that's extraordinary. >> it's unbelievable. >> how about restaurants how are they doing >> doing great you know, look, restaurants are probably about 85% of where they were in 2019, but the people that are really spending in

restaurants millennials. 130% in april of what they spent back in 2019 and so we believe that that's going to continue to move forward we also believe that by the end of the year in the u.s. we will have a full consumer recovery from a travel prospective and globally we'll be about 80% of where we were in 2019. >> first of all, that's amazing because the defaults are so low but second, the millennials, you got a line on younger people everyone wants american express. as soon as they're old enough, how did that happen? >> from experience i think what happened was as we looked at what people wanted, what my kids wanted, what your kids wanted, we live with millennials, what they want is access and experiences and what our card provides is more of a lifestyle brand than it is a payment process. >> you can get lots of payment products can you get a payment product to enhance your life and ability to lead your life and with the

programs that we have whether it's fine dining, you know, credits for travel and so forth, millennials like that and millennials with the first ones that are back traveling now and eating at restaurants and so forth. >> we talk about millennials, they support small business but the only people who have really supported small business the whole way from the great recession is american express. why? >> small businesses, life blood of the economy most of the people in the united states make communities vibrant and we started supporting small businesses, small business saturday over ten years ago. as this pandemic started to reach a pitch, we realized we would need to do something again to support small businesses and so you know last year in the summertime around this time, we launched a 12-week campaign globally, 18 different countries, $200 million to support local small businesses card member offers and small business offers. in fact, i'll give you an exclusive. next week, we are launching

another small business campaign $100 million campaign we'll start that next monday and that will go through labor day to support small businesses we also did is in the throws of the winter months, we had an order in to help out campaign. we wanted consumers to go to their local small restaurants and order in and be able to support them we did dining pavilions. we did preservation for historic restaurants. we provided grants and so forth. we really get behind small businesses because small businesses are important k customers where someone will come in and dine but small businesses for us are big consumers of our card product and look at small businesses, they use our product to run the businesses. >> let's talk about that you're breaking some news today. >> that's right. >> one of the things that we look to that we've had to just do patch work is how about the payroll? how do we handle the register? do we go to some of these

outfits that just started when we don't know? can we go to american express? >> look, we made an acquisition during the pandemic of cab pbage is a digital platform that has everything a small business needs to manage the cash flow so whether a working capital loan, you know, a transaction banking account, you know, card integration and so forth we brought into the franchise we had to make amex ready and when we did that, today we just launched that we're the first small business checking account, the transaction account, which we launched this morning and we think it will be a big hit. >> and you're giving higher rates than the competitors i saw that the balance, which every dollar amount matters in small business. >> absolutely. >> so 1.1% up to $100,000 and the interesting thing about what we're doing here with cabbage is taking a fintech platform and combining that with a scale business and so when you look at

our business, we're the number one small business issuer in the united states and the number one commercial card globally so take the agility and digital platform, combine that with scale and we think we got something really special here. >> last quarter i loved that and now that you're going to the fintech for america condition exp -- america condin express, it l enhance away we would love to be american express connected and cabbage doesn't. it will really help to do that. >> i think what is important for us is we really want to be an important partner for small businesses and i think cabbage will that do bump we before we did cabbage, we had a restaurant system and during the pandemic, we reduced and eliminated fees and what we're seeing now is double the reservations and more restaurants go digital. >> one last thing i want to

mention. your support for minority for african-american business extraordinary how much you're doing? >> access to capitol mentor ship and leadership training and so forth, look, when you look across the united states i think it's really important we support black restaurant owners and minority, ocean, latino and so forth and we've tried to do that and i think it will make a difference to the economy. >> as someone who knows small business, you're actually there. it's not just idle you're absolutely there. american express chairman and ceo. wow, great to be with you. >> thanks. >> announcer: coming up for every interest, there is an app. who is getting these apps made and helping connect investors to the crypto cramer makes an introduction, next

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even if you're not well versed, this year there is a new block chain that's gaining steam that offers faster transaction speeds at a lower energy use profile. how important is that? the amount goes into crypto currency is appalling. it's more energy efficient the company that created solana labs invested to further develop the technology and seed new projects i fully admit i'm in the fight for crypto and i own bitcoin but trying to keep up with the

ecosystem surround thing one, it's worth a closer look even though it's private. let's check in with the co-founder and ceo of solano labs to learn more welcome to "mad money." >> awesome to be here. thank you for having me. >> i got to go right to it i think you're really, really impressive history and there are people who have made fortunes connected with you so i need to know first of all, why does your company exist and second, why do we need it >> watching the revolutionariry technology that's enabling people to go, you know, person to person without any intermediaries but bitcoin is way too slow for that. solano is there to enable the 1 billion people to go connected. >> let's figure this out way too slow the way i like to compare is let's say a visa we have american express on

tonight. they do so many calculations per second, so many things per second you tell me atherum and bitcoin don't work that fast >> no, they can basically handle a city the size of berkeley, california that's where they crap out. >> why because your decentralized finance or have a better mouse trap >> so, those secntechnologies ae about ten years old and what they are based on are quite old. they are based on tech myself and most of the folks that come out leverage from our expertise in the wireless industry and optimize to take care of hardware that gets faster and faster and benchmark this to 65,000 tps, the speed of visa and our sights are bigger than that and our seed level deck, we set the block chain of nasdaq

speed so we want bigger drag ins than just payments. >> so why don't we switch to solano it sounds commercial and the other guys sound antique. >> there is thousands of people already are switching, so if you want to call it switching or call new tenures coming into the space and building applications, we saw a massive influx. >> there was a really brilliant article by mark cuban. i'm sure you know mark he was saying that i should ask about your revenues and how running this is different from running any other business. >> yeah, financial decentralized networks, the revenues, i think it's too early for anybody to give you a good answer on that and i think reality of this is that this is the next stage of software eating the world and this is eating the financial world. over the long term, finance

makes money off volumes and aum. i believe those networks over the long term will make money or generating revenue for the underlying holders based on volumes but this is kind of like me telling you 1996 that us sharing pictures with our friends will be half a trillion dol dollars. it's too early. >> i got it. look, i started business in '95 with no hope for revenue and made a lot of money. not as much as i would have loved but i get you. if i thought about the revenue, i never would have started let me ask a couple other questions that are important what kind of applications run on sol solano >> one of the coolest things that was when we launched the network is a central limit order book if you heard anything about decentralized finance you may have heard about the thing that runs on athryum. what runs on it is the same fact

that runs on nasdaq and finance and ftx. you know, people thought this was -- we were crazy for trying to do that and that's the really fundamental building block of finance as prices skyrocket is figuring out capital risk at a particular price and that is running and generating information that all these other applications that manage risk and capital which is what's now called defi building on top of it a lot are coming into the space using the order book to build new ways to match capital and risk and generate yields and returns for traders and investors. that's really cool. >> this is starting to make sense to me as someone that worked at gold man hoping for this technology one day rather than voice i get this but i never believed it could happen. one last question, we're concerned about this outfit tether because it doesn't have the balance sheet we like. some people say if you don't

emphasize tether you don't know this is the biggest risk to the system i have to believe we don't have to worry about tether. >> there are alternatives to digital dollars. we're the second largest network that's over half a billion-dollar already circle is i don't know if you know the kind of rock star entrepreneur that's been billion- building businesses for 20, 30 years. these are real digital dollars if you want to have the experience of crypto money, the digital dollar you get your wallet. >> i'll do it. i'm stunned. i heard if i put you on it would blow my mind i haven't had my mind blown in a long time. you just did it. co-founder and ceo you've got it. i mean, you've got it. >> okay.

>> it's great. >> appreciate it. >> it happens. "mad money" is back after the br break. >> announcer: coming up next. >> what do we got? >> announcer: cramer bringing the thunder and answering your burning questions in today's edition of the lightning round what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley.

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and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. it is time, it is time for the lightening round buy, buy, buy, sell, sell, sell and then the lightning round is over are you ready, ski daddy i'll start with lucas in

minnesota, lucas. >> caller: yo, jim cramer. big backwards boo-yah for this crazy system that doesn't run on fundamentals anymore i think that the vaccine stock is all teed up but i don't think a lot of people realize we have a billion and change to put in the arms of people all over the world. my question is on j&j. >> look, j&j is a teflon stock it goes up in matter what and that's the reason there is a big drug pipeline and why you should own the stock. i need to go to clay in florida, clay >> caller: boo-yah, jim. >> boo-yah. >> caller: hey, i'm looking to add another stock to the sector. i've already owned max r technologies and virgin galactic and looking to add la kid

martin. >> let's go to matt in california. >> caller: jim, i'm calling about a major player in the business that has a massive footprint in the united states to benefit from an infrastructure bill that's in decline. >> it's time to pick some up remember, that does well if there is a housing boom, i know it's got a bad chart that's what is sending it down maybe wait a week or two but boy, that's a good company let's go to john in ohio, john >> caller: boo-yah jim. >> boo-yah, john. >> caller: hey, we watch you every night here at oxford but i gotto ask you, when yare you going to get excited >> huh >> caller: i like to see you excited. >> i will get excited. i came in hot every night here. >> caller: hey, i'm telling you viac, v viacomm.

>> i like that they have given up the ghost let's go back to them. i think they will have a pretty good fall and i like viacom here they did a good job and it's time to buy it let's go to alex in new york, alex >> caller: jim, long-time viewer, first time caller. talking about a pennsylvania based diagnostic company that just received fda approval for a covid-19 rapid home test jim, what are your thoughts on the technologies ticker osur -- >> i know it's bethlehem that gigantic bass on twitter. nice people follow me on twit thee these days the problem is there are so many guys doing this. uh-uh, can't do it i'm sorry. that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade coming up, marvel at the mania

but don't put your money where your memes are cramer drops a little common sense. next

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new rule, there is no way to stick it to the man with the stock portfolio. if you're sticking it to the man like the meme stock pushers, you're sticking it to yourself we saw a post on the wall street bets about gaming, high-end computer equipment and all i could say is here we go again.

i figured the stock would jump 8 or 9 points and come in and short the stock. slamming anyone who bought it near the highs sure enough, they finished up 11% but bought at the open when it was was bumped, you lost big money and closed at $36. look, but you got to think who can blame the short sellers for taking advantage they have the meme people working for them let them pump to sell high i like it. it's a good company.ly early on and became public. stocks don't go up for no reason they have a kcatalyst at reason to buy not just the hope it will be the next meme play there was no catalyst here and the short wrap is a reason to buy, yes, 18% of core share stock. beginning wear a little thin don't you think? i can hear someone saying cramer you love logitech so why can't you get involved and buy it. it's an insane business.

true logitech stock up 33% for the year and course air is down slightly year to date after fading as i told you it would but the two aren't exactly comp. logitech has a broader port follow fo - portfolio and safe for people to go out again reporting at a fantastic gigantic earnings beat this time around but the stock got plastered because wall street lost interest in the gaming stocks the same thing that plagued the group. activism blizzard up 7% down more than 10% i have to question the staying power up 11% today on nearly 65 million shares traded when the actual close is only 31 million shares buying people just flipping in and out of this endlessly. again, i'm a big believer in the gaming space more generally but if i own a stock, i view today's

action as an opportunity to take profits only after the meme people give it a try tomorrow morning. why would i do that? every week it seems like there is a new meme stock and the moves rarely stick wendy's, another company i love with a stock that was taken up by the wall street bets crowd last monday. they pushed it to just under 30 and at that point many hedge funds came in and shorted the stock because the meme guys had no thesis and crushed it what did they recommend? they said it had good tweets that chicken tendies and of course, the clencher quality of the salad so of course, the stock quickly plummeted back to 24 crushing anyone who bought it near the highs and the meme people help make fortunes for the baby booming well suited short sellers that they claim to hate but doing their bidding i used to wonder why wall street bets was focused on amc and game stop and didn't try to branch out but looking more and more

like they don't have the fire power branch out that's why when someone wants a new meme stock the people that make money are initial buyers that may or may not be pumping and dumping and short sellers who come in when the share price is impossibly high and never got such an opportunity than i've ever seen in my life other than the wall street memes do for them except for amc and game stop at the end of the day they started going after pet co symbo wolf i can tell you it didn't have that great a quarter it wasn't terrible it certainly wasn't as good as chew chewy. they would have more love given their savior ryan cohen of gamestop was one of the co-founders. maybe they pumped petco again tomorrow just remember, when you buy a stock because of a meme of reddit post, you can't expect it to have staying power.

they are open to $40 and change there. at that point you were already too late if you miss out on that initial move, you should keep your bat on your shoulder and wait for the next pitch i like to say there is always a bull market somewhere and i promise to try and find it for you here on "mad money." i'm jim cramer see you tomorrow i'm jim cramer "the news with shepard smith" starts now a live look at a fire that authorities say could burn for days evacuations and concerns for the environment. and seeking solution to violence in america after a weekend of murders and injuries across the nation. i'm shepard smith. this is the news on cnbc violence surging people's fears growing multiple cities report mass shootings over the weekend >> the building is pretty much consumed this is goin