>> amazon, i like it long. financials, i like them short. >> tony? >> nike put diagonals. >> mike? >> amazon. >> all right, that does it for us. this is "mad money" starts now. hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to keep you from losing a lot of money my job is not just to entertain but educate and put days like this in context. call me or tweet me @jimcramer in the stock market and only in the stock market, words speak

louder than actions. that's how it works when the region fed president says things on cnbc and knocks done the entire stock market. the dow tumbling 533 the s&p sinking 1.3% and the nasdaq losing .92% yet, this morning the st. louis fed president came on air and said we could get hit with a rate hike as soon as late 2022 given that fed chief jay powell told you not to worry until, say, late '23, i can't blame anyone for feeling surprised or spooked for bullish comments but the truth is, this is exactly how it is supposed to be done. this is so well orchestrated powell says he wants to be sure that the economy keeps growing, but we're reminded we need to be wary of inflation. by the time the actual rate hike rolls around, late 2022 or 2023

nobody will care i couldn't orchestrate this better myself and i've been through every tooightening cycl since '81. these guys are total pros. they can crush inflation by the interest rates that's the good news the bad news is the sell off probably isn't done. as we talked on monday with the help of larry williams, that technician we like so much, history says we're in for a series of miserable days this is a pattern that's held true for 22 years. and it means we could have another, say, down two or three days before the late june swoon comes to an end. so why don't we start there with the recognition that the fed is in warning mode and warning mode just like when the warning mode goes off in your car can be brutal bullard, guess what? he's speaking out monday and if he wants to, he can walk things back, but i don't think he will. that's why i suspect that we

aren't yet out of the woods. let's see what bullard has to say. if he don't drop the 2022 hate hike talk, i expect averages to keep getting hit with money flowing into the high growth stocks by midday perhaps late day, the thrive in a slowing economy and adobe and nvidia and fullout construction farm equipment, oil plays, industrials if oil falls to other commodities lower. yet, commodities of all shapes and sizes are retreating after an unprecedented run because traders are suddenly worried the fed will lower the boom on them with a series of swift rate hikes. it's been done before. it will happen again some people say we're getting mixed messages for the feds. i mean, that's why on tuesday, well, we got to pay close attention to jay powell. if he wants to take the bullets out of the blunder blust, he

can. h his comments are too useful. consider powell and bullard good cop and bad cop but i can tell you in real life both of these guys are good guys if powell doesn't defang bullard's comments and the market falls, that's the time to do selective buying in higher growth stocks like adobe or amd or amazon, which is about to have prime day which is really a two-day shopping ex tspree that happens on monday. i saved $16 on saturday. it's time to return to reality with two earnings report, winnie and k.b. homes we know the industry is on fire but hasn't mattered to the stocks at all. four industries are basically sold out of motor homes for the year, and yet, when reports it go no lift whatsoever, maybe if

they tell a good story, thor can move, too. many think of it as a pandemic way because they are a cleaner, safer way to take a vacation maybe the stock goes down. k.b. homes confirms everything that leonard said yesterday morning. the home builders are cyclical but won't be knocked down by a few early rate hikes that are still a year or two down the road provided the home builders speak in unisom about the market if k.b. homes does that i would circle back to lennar because it's been the biggest beneficiary and just reported a magnificent quarter wednesday night, good conference call. reporting on thursday morning and tech consultants greatness continues to elude people. i recommend listening to the conference call because it's a great source of information how businesses can improve their efficiency by going digital. they help you go digital but also have a lot to say about the overall demand for tech

harbor that is strong. thursday night we have two make or breaks for the market nike and fedex the other two are the most problematic, the dow stock because we're expecting a big number from the u.s. business but at the same time the possibility of a weaker chinese number, think boycott is very much on the table. we sold nike a long time holding the charitable trust you can follow along at the actionalertsplus.com club because we don't want an overly aggressive analyst to make a name for him or herself and the ceo on the conference call, hey, john, what do you think about religious freedom in china can you imagine? don knows a great guy. that's a tough one china is a big market for them his answer could crush the stock. still, if nike could make the numbers and dodge that question, ithat they will be rewarded great story but not ifchina stays as important as its been

fedex is a fantastic situation but may not be able to maintain. when united parcel spoke, theluy want great profit margins. fedex can do both and has the edge over both i'm saying the next time ups reports, i'll be more for the travel trust we sold some higher because it's a good story in a extremely negative reaction by an analyst that took me by surprise on friday we have the best read on small and medium size business formation by paychecks. typically the stock comes in hot and gets clobbered when they say good things. this stock has been clobbered ahead so a good-bye going into the quarter. the market is down, down, down, this day you buy paychecks the last time we had them on the show they didn't have a pickup lift at all business formation, judging from my own experience, they might change their tune

this quarter we also get the single most important heads up about the biggest source of inflation in the entire economy, that's used cars we'll get it from car max. yes, car max reports and will tell us what we need to know about the biggest jumper it wasn't referenced what chairman powell talked about used cars are a big problem. the auto makers can't keep up with demand because of the semi conductor shortage so people with used cars are buying need cars desperately used and buying them for the price of new cars we have finally a break in commodities, we need to hear that used cars have become more plentiful. unfortunately, i doubt that's what we'll hear from car max could be tough bottom line, on monday i warned you today and next monday could be very ugly and then you can start picking things up late on tuesday or early wednesday look, remember, we're going for singles and doubles next week. there is no need to swing for the fences in this new market,

you're only going to strike out. i want to go to david in my home state of new jersey, david >> caller: hi, jim thanks for taking my call. >> of course. >> caller: from sunny summit new jersey. >> yes, hill topper. >> caller: i bought ticker nwl on the day before the memorial day weekend as you and the larry williams charts recommended. >> yes >> caller: the shorter holding period recommended expired with the stock down but not below the stop, the longer holding period suggested ended today. the stock is down about 8% after the fed announcements the last few days and your strong recommendations to continue to buy stocks that offer good returns is newel brands a buy -- >> oh, it's a buy. look, this is a multi year turn and will actually transcend the

sup summer it reminds me of the old, old newel. i'll stay long the stock fellow hill topper let's go to jack in missouri, jack >> caller: hey, how are you doing, jim >> not bad, jack. >> caller: first of all, i need to thank you for your action alert. it wonderful. >> i hope you liked yesterday's conference call. i threw everything at you. >> caller: and your staff and even all the folks at cnbc helped me all day and i like to see you in the morning and finish up in the evening but -- >> i actually would love to just tell everybody in the staff that because everybody needs to hear it we've been working really hard go ahead, let me help. >> caller: four and a half years ago my wife and i started investing and after all of your help, we are financially secure for the rest of our lives. >> there you go. that's why we do it. that's why i haven't retired there we are i'm right here i'm not going anywhere because of you, jack, in missouri.

>> caller: back in march, i purchased some boeing, about 100 shares of it and it really hasn't gone anywhere do i need to hang on to that -- >> gentyes, yes, i think peoplee worried. thank you for the kind comments. people are worried they might do a giant equity offering. i said over and over again i don't think this quarter is good i've been saying i think the stock goes lower that said, i do want you to buy it okay so earlier this week i warned you that today could be ugly, wow. by the way, i'm expecting even more paint on monday after that, maybe we'll start picking among the rubble and i'll be here to help on "mad money" tonight, does today's decline following comments from a top fed official have you searching for plays that work in a slow growth economy? which stocks to add to your shopping list and plenty of people boarded kathy's ark i'll take a closer look and the dominos keep fall income a global supply chain.

demand is pushing capacity to the brink but could a private company help the shipping indust industry find a solution and more space on the containers don't miss my sitdown with flex port and stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #mad tweets send jim an email to cnbc.com or call 1-800-743-cnbc miss something head to "mad madmoney.cnbc.com.

that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum!

at t-mobile we believe you should get more. introducing magenta max. unlimited premium data that can't slow down based on how much smartphone data you use. plus netflix on us and taxes and fees included. only at t-mobile. the leader in 5g [ "me and you" by barry louis polisar ] ♪ me and you just singing on the train ♪ ♪ me and you listening to the rain ♪ ♪ me and you we are the same ♪ ♪ me and you have all the fame we need ♪

♪ indeed, you and me are we ♪ ♪ me and you singing in the park ♪ ♪ me and you, we're waiting for the dark ♪ when you think the market is leaded lower, when you come out with specific days where it's

likely to fall you're not allowed to be shocked by the ugliness of the action. yet, that's how a lot of people seem to be feeling after the one-two punch of fed chair jay powell acknowledging they need to raise interest rates in 2023 and then st. louis fed president jim bullard telling us on cnbc the rate hikes might come as soon as 2022 at least the late portion. obviously, the stock market never likes anything that signals higher rates might becoming sooner than expected. when it comes to the fed, wall street is shared of its own shadow that's how the market always reacts that's one reason, the major reason why larry williams technical work early in the week, monday because he spotted a late june swoon pattern that's played out every year for the last 22 years. his conclusion, if you want to do buying, you should wait until the closer, let's say, to the end of next week and not this

week of course, when the stock market is down, there is always an impulse to do something, anything to react to the decline but sometimes the best thing you can do is nothing. i think it's too soon to buy the dip. both because of the calendar issue and because there will be more people reacting to the bullard interview on monday but i also probably think it's a little too late to sell. once we get that washout, i recommend buying tech because tech historically is what works when investors are worried about slowing growth i can hear the objection slowing growth isn't the economy supposed to be red hot we have a strong economy but there were many areas that em soed to be over heating and now cooling down rather quickly. we had a bunch of shortages that produced a bunch of higher prices but they are taking care of themselves thanks to the magic of the free market, something jay powell predicted the complex swooned reminder us no matter what you hear they are self-regulating. commodity is the first to rollover that's great news for the

consumers commodity prices were a very big reason the price of food keeps going up and up meanwhile, we had a surge in chemical prices of winter n number -- storm yuri prices will come down, lumber, so i, corn, copper, you name it. it's falling yet, we're getting inflation under control strictly through the fed's jawboning. we didn't need a rate hike we just needed them to float the idea of some rate hikes two years from now that way whenever we get the actual rate hike there is not a giant sell off it's being baked in now. this is the cake being made today but say you don't believe me maybe you think tech analysis a bunch of hoe cus pocus.

i say fine put that aside let's look for something that works in this environment with a strong catalyst coming, something like amazon. next week on monday and tuesday they have their big prime day sell i'm buying a pair of binoculars unless you want to buy them for me and i think this is going to show you how strong the franchise is post pandemic prime day is the stock i can see buying we got a piece of research pointing out the retail business is on fire, prime day is going to be great, web services is worry and best of all, advertising business could bring in 28 billion in revenue with gross margins. that's a huge number you have a catalyst, incredible data point and a group that works when people are worried about a slowing economy. i give you my blessing to buy am s -- amazon on monday if it's down otherwise take a pass. "mad money" is back after the break. >> announcer: coming up, her

company has been taking the competition to the wood shed with bold positions. what do you need to know right now about wall street's woman one working crew wall street explains next. we face the world head on. never hide. let's get to work. yeah! ♪ ♪ whoa. that's what i'm talking about. right now, you're planning for your future.

whether it's a bigger family or taking care of the one you already have. you deserve to work with a company that has been invested in planning for the future for nearly 170 years. learn more at massmutual.com for nearly 170 years. hey, it's good to see you. the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. cisco. the bridge to possible.

age before beauty?

why not both? visibly diminish wrinkled skin in... crepe corrector lotion... only from gold bond. hyper growth stocks have shown promise. we're not going back to the speculative mania of 2020. why not? last year these turbo charged growth stocks benefitted from what i call a powerful vcircle there was so much money it would send the stocks higher to lure in more money. the best example, look at arc invest the family of exchange traded funds led by cathie wood, arguably the best money manager of 2020 who made people fortunes

with some terrific called shots like pushing tesla and bitcoin at much lower levels much lower really fabulous. thanks to her incredible performance, woods' funds were flooded with money last year something we talked about five months ago how this cash came in gave her a ton of firepower. bet against the hyper growth stock, you bet against cathie wood with a bazooka. they went out of style as investors rotated into the boom and bust cyclical stocks that make the most money in a rapidly expanding economy. i warned you that ark's funds suffered from a glaring flaw of ridiculous lack of diversification so as cathie woods' favorite holdings lost momentum, the etfs got hammered i'm more concerned with the fun flows meaning how much new money is coming into the coffers to

manage five months ago, ark was benefitting from the virtuous circle i talked about. kath cathie wood has more money in and pushed it still with more money. while ark invests etfs peaked in february, the flows continued through april. there was a by the dip mind set given woods' tremendous track record, lots of investors kept throwing money at the funds on weakness but you see that's no longer the case. buyers can only take so much under performance so in may ark experienced the first month of negative flows and over a year and a half so far the negative flows continued through june ex rebounded through lows with the hyper growth stocks bouncing off the bottom, the bulls have a lot less firepower because cathie wood no longer has a bazooka. look at ark invests largest funds. they have eight etfs but the top

three dwarf the rest they surged from $125 at the beginning of the year to under 160 at the february highs, 125, 160. okay these are all really good charcharts of head and shoulders patterns falling to 119 as of today at these levels, ark's innovation fund is down nearly 5% for the year. a and p is up 11%. nasdaq is gaining 9% other the same period. the largest holdings are tesla, teledoc, roku, shopify and zoom. these are great companies but widely viewed as covid stocks wall street lost interest in once people start getting vaccinated in large numbers. there is a general revolution of the fund down 7% including 25% plunge from the february highs once again, same pattern you got ark and then ark next generation internet which is only down less than 2% for the

year even as it falls 25% from the february highs don't get me wrong cathie wood is still an incredible long term performer since the end of 2019, her five largest etfs are up 100% deeve deservingly so she's a wizard the small er funds have done better than the larger funds but tonight we're not really trying to evaluate cathie woods' performance. that don't interest me we're trying to get our heads around the ark invest phenomenon in itself so let's talk fund flows. whenever there are more buyers than sellers of etf third party market makers will effectively create new shares. they buy up all the underlying stocks then turn the stocks into the etf issuer and receive a corresponding number of new shares when that happens, it's called inflow and like i said before, inflows create circles

ark invests funds benefitted from enormous inflows and out flows if there are more sellers than buyers than etf shares can be redeemed. third party market makers will turn in their units and get a basket of the underlying stocks in return, which they then sell and that will obviously put downward pressure on the whole basket of stocks in the etf. heading into february, seeing massive inflows more than 8 billion in january followed by 8 billion in february and would have been closer to 10 billion if not for malssive out flows. as some investors got spooked when they started to collapse. ever since we highlighted the ark invest phenomenon, we've been watching the fun flows in tedious detail once march rolled around, cathie woods' favorite stocks got clocked but her funds brought in money. 781 million is a lot of money.

april was a real battle ground ark had heavy inflows early in the month followed by severe out flows in the last couple weeks in the end, ark finished with 120 million in total inflows, net positive there was still money coming in but a lot less than january and february last month it feels like investors threw in the towel according to data from bloomberg, may was ark invests first month of out flows since october of 2019. for the whole month the entire family of funds sold 1.9 billion in out flows june is looking less ugly. as of last night, ark invest has over 10$100 million of out flow with the weakness during the first week since then there is improvement but not enough to outset the earlier damage remember, as wood is always quick to point out, always, always, always she does not run a mutual fund and does not suffer from redemptions. i repeat, she does not suffer from redemptions the in flows and out flows

matter performance buzz they force third party moneymakers to buy or sell the stocks she owns as they create redeemed shares of the fund. it seems clear the ark invest phenomenon is no longer in play. we're not seeing major out flows here but the era of cathie wood propping the stocks up with her buying bazooka appears to be over of course, now that wall street is fixated on the idea they might tap the brakes, the stocks could come back into style but don't expect them to zoom. here is the bottom line, when you look at the if youfunds flok not propping up the stocks which makes the recent rebound feel more significant to me maybe if this group coming climbing, she can get the bazooka back until then, it will rise or fall on their own >> caller: big fan.

>> how can i help? >> caller: real quick. shoutout to susan visiting from maine. i have a question about alcoa. i bought a bunch and sold half a month and a half ago and wondering what i should be doing. >> you ought to sell it. i think it's going to roll over here it's been way up too far up these stocks, these action commodity stocks are coming in so let's do a little selling don't want to give the beginning u up the hyper growth stocks could gain again. shipping complexities that reck shayed across the globe and congested ports with consumer demand i'm talking about a private player working to manage the unknowns and then does your portfolio have what it takes to succeed in this market i'll be the judge of the most

popular segment i have am i diversified tonight's calls in tonight's edition of the lightning round stay with cramer that's why i get up in the morning! i have a secret method for remembering all my hr passwords. my boss doesn't remember approving my time off. let's just... find that email. the old way of doing business slows everyone down. with paycom, employees enter and manage their own hr data in one easy-to-use software. visit paycom.com for a free demo. ♪ ♪

when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪ at cdw, we get your it staff to delihas be readynology to take on new challenges. that's why we built an office obstacle course ... to prepare our people for anything. you're late well, cdw amplified services experts will consult with you to design, orchestrate and manage your most complex technologies to help you quickly overcome any obstacle ... without all of this. oh, that is better. who's that? oh, if you want coffee, you gotta get past tantrum. you're in for a brewed awakening. for technology that moves you forward, trust cdw amplified services

whenever you hear about people griping about inflation, remember the underlying cause often involves fixable supply chain problems for example, look at transportation right now we have a multi month bag lock at the port of los angeles dock workers are trying to clear before the busy season in august, the christmas season believe it or not. thanks to a new covid outbreak in china, they have a pile of

shipping containers so large you can see it from space. so how do you solve the ocean freight problem? increasingly businesses are turning flex port which is a privately held software company that uses data analytics to help clients manage the global la joyc - lo logistics. they came with a great way to find companies and while still small, it can be a significant player let's take a closer look with ryan peterson, the founder and ceo of flex port to learn more about the platform and global shipping crisis. welcome back to "mad money." >> thanks for having me on. >> boo-yah right back at you all right. so tell me something, ryan, everyone says this is intractable. there is nothing we can do i look what flex port does and i say i want to hire flex port what is going on here? >> there are solutions hertheres

technology today to deploy this. for one, you have a problem if you're trying to ship something, it's hard to get space on a boat they are all full and the price is really high however when we looked across all the containers we ship 400,000 containers we're shipping right now, they're only 70% full we can put more stuff into containers simple solution. we're working with clients to put more stuff in the containers but not more containers on the ship have the technology to tell your customer when the stuff will arrive because if you can at least tell them, hey, it's delayed, maybe their willing to buy. a lot better than out of stock, right? >> right. >> there is a few simple solutions available now and don't cost a lot. >> is there a possibility, tell me what it's like if i were at the los angeles port would i be thinking i better go through the panama canal and go to baltimore

is it that bad >> you know what you'll have the same problem over there it doesn't solve the problem it really is that bad. the best way for us to understand this as ordinary people is a traffic jam. we've all been stuck in one. you're not in a traffic jam, you are the traffic jam. what happens with a traffic jam until the flow, it's not enough to return the flow to normal you have to go way below normal and with the consumer demand from services over to goods, this huge surge, right, it created a traffic jam and now we've had a real decline in capacity of the world's logistics networks and until we get the flow to go below normal, it's really going to be very hard to resolve and so that's a big part of where we think technology can play a role here. how do we stuff more stuff in these containers? how do we help to manage the process and the price mechanism where containers right now, it's costing about four or five times more to ship

a container, that will lead to real inflation about 3 to 5% impact on the final price of goods that are shipped by ocean, which is almost everything. >> we got to get that down it's a lot of commodity prices coming down. this isn't let's say i ordered a big order of sonos, which my wife just did for a house and i say to them, look, i need it. we have a big october party. i want it installed. can you spend it by commercial jet, put it in the hold of a commercial jet can you help me with that one, too? >> you might be able to afford that, jim, but ordinary people cannot -- >> i'm an ordinary person. my wife isn't. >> 50% of the world's air freight flies in the belly of passenger planes and they're all grounded because of the pandemic. >> so maybe there is hope when they're not? no >> as you know, i think that is the real solution is wait it

out. nobody likes to hear that. as consumer demand shifts back towards partying -- i went to a party the other night. it was fun i remembered what it was like and i think you'll see dollars shift back and decline but it may take awhile with christmas season coming up. >> we've been hearing about a shortage of toys, again, because of this. let's say you were czar, the czar of toy it is, what would you do to get those toys from china to hear? >> the first option i've mentioned is like hey, let's make sure we maximize all the space we can get. >> right. >> we live in a free market economy and you can pay more which not everybody wants to hear but you can pay more and there is an opportunity to pay extra to get prioritized and that's kind of what you have to do right now if you want to get loaded and beyond that, you know, there is not a huge amount you can do if it's coming into europe, we're seeing a lot of people use the chtransibari n

railroad. >> are you kidding me? that's where we are? >> that's where we are it's fascinating times and it's not pretty, and one analogy i'm using with my team is sort of wedding planning is if you're planning a wedding for someone and they tell you they really want to do it outdoors, that's cool and they won't get mad at you if it rains as long as you tell them here is the probleability of rain and he is options you can maybe mitigate and pay extra for an indoor space as a backup we're planning weddings in seattle in the middle of the winter right now that's the way i'm looking at it. >> let's do this it never -- there was a lot of times it wasn't like this. when can we expect things to get back to normal or is normal just out of question? >> you know, it's almost fun k funny to hear the word normal because we had trade wars for the last three years and a massive port strike not that long ago on the west coast

we've had really actually the opposite problem we have today five years ago the price of freight had never been cheaper we're talking now like 20 times higher than it was six years ago. it is like -- i don't believe there is a concept of equal l libirum. you'll see as consumer shifts are like normal, like going out to restaurants and traveling and stuff, the dollars have to shift off buying stuff and as that happens, i think you'll get something closer to normal but who knows, maybe swing the other way when people find out their company ordered too much inventory and are sitting in unsold goods and, you know, the economy is never a static thing. >> ryan, i just told people there is like 15,000 containers on these boats nobody believes me am i even in the ballpark of the jelly bean count >> they hold 20,000 teus but that's a 20-foot container

equivalent unit. half of that is a 40-foot container, which is the real container size so you're not too far off. >> well, it's just remarkable business and i hope you continue to help your clients get the stuff because when i look at the names and i am somewhat ordinary but i got to admit, i use a lot of that stuff and i want it here as fast as possible. >> we're working hard. we're working hard we want to get you that sonos for your new house. >> we need it for the october party. that's ryan peterson, founder and ceo of flex port, still private. wish it was public great to meet you. "mad money" is back after the break. >> announcer: coming up next. >> let's make money together what do we got >> announcer: cramer is bringing the thunder and answering your burning questions in today's edition of the lightning round

ok, at at&t everyone gets our best deals on all smartphones. let me break it down. you got your new customers — they get our best deals. you got your existing customers they also get our best deals. everyone. gets. the deals. questions? got it. but, why did you use a permanent marker? because i want to make sure you remember. i am going to get a new whiteboard. it's not complicated. only at&t gives everyone our best deals on every smartphone. (vo) this is more than just a building. it's an ai-powered investment firm with billion-dollar views. a cutting-edge data-security enterprise. yes, with a slide. a perfect location for the world's first one-hour delivery. an inspiration for the next workout cult. and enough space for a pecan-based nutrition bar empire. it could happen. this is where dreams become brick and mortar. find yours, on loopnet.

ready to shine from the inside out? try nature's bounty hair, skin and nails gummies. the number one brand to support beautiful hair, glowing skin, and healthy nails. and introducing jelly beans with two times more biotin.

it is time, it is time for the likening round buy, buy, buy, sell, sell, sell and then the likening round is over are you raeady ski daddy tom in new york, tom >> caller: he llo cramer and boo-yah from brooklyn new york. >> jimmy chill says thank you. what's going on? >> caller: i got one great stock for you. with 151% growth year to year, with square like potential, what is your take on sofi >> i'm a buyer of anthony. he does a great job but candidly he's been my friend since 1995 so you can say wait a second,

cr cramer likes noto too much dexter in california. >> caller: boo, boo, boo-yah, ji jimbo. why a how are you? >> having a great day. you? >> caller: i'm enjoying the sand and surf and nice to see everyone opening. >> i like the garbage truck that interrupted me during my nap today. >> caller: it's all good happy it friday. >> indeed. >> caller: happy to get out like i said more importantly, i'm happy to ask you to analyze a company that you've had on the show before you liked it, the stock sold off, wonder if this is a good entry point for good rx. >> i like it and the coupon business but i have this bad feeling they're up against amazon in somew way, shape or form people always fear amazon.

i say you have to stay away for now. it's got an amazon issue i need to go to joseph in florida. joseph >> caller: what's up, my man how are you doing? >> well, how are you >> caller: good, good, happy birthday to my dad and happy father's day a ashford hospitality trust. >> they are able to refinance the preferred. not my game, not my style. i say sell, sell, sell mark in florida? >> caller: hi, jim, i hope you're well. >> doing okay. how about you? >> caller: i'm fine. jim, this is a hard market to figure i'm watching good companies like deere and williams-sonoma plummet. >> it's amazing the stock is going down you're completely right. i don't think it should be going down the problem is it's up 48% and everybody is trying to nail down profits but laura albert is doing a great job. i'm a buyer, not a seller of williams-sonoma and i'm not done because i'm going to sar iah in

ohio. >> caller: love the show i'm a first time caller. >> thank you. >> caller: i need your thoughts oc on a stock that makes tv, vizio. >> people have given up. it's wrong to give up. i expect it to come down a little more as people are in panic mode vizio, i say let it go to 18, maybe 17 and then i would -- joe in north carolina, joe >> caller: big boo-yah, jim. >> what's up. >> caller: aci what are your thoughts. >> people don't understand what the company does and the people who don't understand what the company does, they are bailing and that ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the likening round is sponsored by td ameritrade. coming up, master the unknowns, be ready for any market. another edition of am i

diversified is coming up next.

on a down week for the market, its always good to take a step back and evaluate the hold hold hol holdings never put your eggs in one basket diversification is the best way to play the environment like the one we have. we heard you cramerica is tonight we're bringing you a special friday edition of am i diversified. call me and tell me your top ten holdings first a tweet from @jrhammer 327. five of my long term holdings areerksdeere, chevron and amjen. am i diversifidiversified?

thanks, jim. chevron, my favorite large cap oil with a good dividend, a mgen okay, d deere one of the greate in the earth and costco, semis, oil, retail, medicine, and machinery. oh my. i mean, that is just -- if there is a way to start having am i diversified, it's with jm hammer's portfolio let's go to tyler in tennessee. >> caller: hey, jimmy chill. tell me about some of these stocks in my portfolio. >> okay. >> caller: i got ibm, fsr, face k fisker, apple and alibaba. >> all right i say we go to work right now. okay freeport stock is down ten points this week largest american copper company. ibm is putting in two starting

to act very well fisker, yes, giant speck auto. apple, you know it will be don't trade and alibaba, one of the few chinese stocks you have a chinese, let's call it retailer, chinese amazon. we have the greatest american manufacturer apple, people don't think of it as that but i do a copper company, a technology company and an auto company. i like it, it's different enough these two do not conapplicant. they don't play any more in the same areas unless you have an ibm cell phone i don't. let's go to betsey in california. >> caller: hey, jimmy, this is your number one california fan. >> holy cow. i thought there were others vying but i think you're the one so go ahead. >> caller: i'll tell you amat is my first stock. >> oh, okay. >> caller: and because primarily it observes the cramer rule of 40 with a growth of 24.88% and a profit margin of 22.35%,

although it had a rough day today, it's still up -- >> i know. really down badly today. i thought that was unbelievable. >> caller: it was primarily because gary sold 4.8% of his stuff. >> gary did? >> caller: gary did. dickerson. yeah. >> yeah, gary dickerson sold that we have to see whether it's related to options go ahead that's a big slug. >> caller: i know. it is. i think it will be fine. rh is, you know -- >> sure, of course >> caller: that's before, that's before the europe expansion, that's before the alpine stuff. >> okay. >> caller: and you know what, jim? when they open that texas restaurant and the texas location, they're booked solid through the end of august. >> i looked at the yacht the yacht is really beautiful. >> caller: oh my god, yes. the next one is boot barn which is up 74.04%. >> another recommendation

yesterday. absolutely. >> caller: denim, denim, denim, denim and work boots. >> right >> caller: the next one is black stone cannot say enough things about stevie schwartz. >> local philadelphia, absolutely. >> caller: i knew you'd point it out. >> yeah. >> caller: the last one is generac. we have four seasons in california we have summer, we have fall, we have spring and we have fire. >> i like that i mean, it's like earth wind and fire all right. let me go to work on this. look obviously first of all, betsey knows more about stocks than almost anybody including me but we got generac up ten points today at one point we love heading, air conditioning it's a generator for when your stuff goes down. the insider selling, boot barn another good recommendation yesterday and the stock is undercover and black stone great

private equity and rh gary keeps hitting it out of the park so we have -- i'm sorry, got to call it this still got to call it furniture i don't mean to. i can call it gallery. generator company. semi conductor capital e kwi789 a -- equipment. no over lap there. clay in florida. clay >> caller: boo-yah, jim. >> boo-yah, clay. >> caller: i'd like to have youyour e advice on five stocks. >> you ready >> yeah. >> caller: alibaba, csx, roblox, max r technologies. >> okay. >> caller: and merck jim, am i diversified? >> certainly playing right knows the rules. drug companies acting well csx very good railroad, alibaba good with chinese, amazon, roblox but it's software and then max communications,

railroad, drug, chinese, amazon and a child's game platform. yes! everyone won today i like to say there is always a bull market somewhere and i promise to try and find it just for you here on "mad money." i'm jim cramer see you monday the ne"the news with shepard sm starts now there's trouble brewing in the gulf of mexico storm watch. i'm shepard smith. this is the news on cnbc state of emergency the gulf coast braces for the threat of a tropical storm millions of americans in its path a warning about the new fast spreading covid delta variant. >> it's a variant that is more easily transmissible, tends to be deadlier. >> the white house struggles to hit the july 4th vaccination goal tonight the states most at risk. lawmakers sound the alarm. >> wheels up out o