if we have boosters necessary, i like cvs good for them first time around. i think valuation continues. cvs. thanks for watching "fast money. see you back here tomorrow ap 5:00 for more, don't go anywhere. "mad money" with jim cramer starts -- right now. make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but to educate and teach you so call me at 1-800-743-cnbc. or tweet me @jimcramer. you want to know what works in this market? figure out what millennials want, and then give it to them

when the dow lost 97 points, it was up nicely. the nasdaq advanced only .06 percent. it all started with the tech deals, square buying the financial company after pay, a buy now pay later outfit for 29 billion. square has captured the hearts of millennials, along with gen x and z, with the cash app the reason behind the deal was pristine buy now party later is sa growing opportunity with a number of growth advisers according to the release they put out. merchants embracing ecommerce use buy now pay later to boost sales, and cite consumer preferences are shifts away from traditional credit with millennials with growing spending power enjoy more inclusive, professional, and transparent ways to pay. given the interest charged by most credit card companies, i can't blame them

square believes of the $10 trillion of online payments, 2.is buy now pay later they have a lot of room to run the shares get hammered by ash taj guys, and rallying to close at $272. you need to understand, this almost never happens the pressure alone should be enough to keep your stock down there are entire hedge funds solely to do merger arbitrage. that's why square got hit at first, just kind of another deal have the stock end up roaring higher i was sitting on "squawk on the street," and boy it unfolded right in front of me one research firm after another saying great things about the pay deal plus the company reported the results early, and they were quite impressive

ic i can go through the positive research i'm going to read one clincher, j and p said and i quote, no premium looks too high for buy now pay later because the strengths in square consumer and merchant, are you ready? ecosystem. thanks to the after pay deal, square can compete with its two main rivals, the pure player firm, and its nemesis pay pal. i asked the ceo, why not buy a firm, pure buy now pay later, she shot back that after pay has higher growth with no interest payments, just a late fee, not to mention a global footprint with half its business outside the u.s., and the deal added to square's growth. she said affirm had had none of that followed up with an interview on "squawk on the street," and then the stock was off to the races jack dorsey is the true spokesperson for the company just like the predecessor's cfo, sarah fry e it's a highly

unusual position, he doesn't make himself available to the press at all to me this is about affirm and pay pal and one other buy now pay later, klarna, 90 million customers. at 75 million more than after pay. they're all chasing the same consumers, the millennials, gen z, and all of these stocks are beloved by institutional investors who don't have enough ways to pay the enormous under 30 demographic, and when klarna goes public, it will be worth after pay. it is so much larger here's what's so weird about this buy now pay later companies are totally unregulated. they can pretty much do what they want financially, they cater to a less wealthy cl clientelle that's the exact opposite of the major banks which love rich customers and are heavily regulated because paypal and

square don't have deposits, they have more freedom to lend money to people and businesses that have worse credit, sub prime, keep thinking about that what else lets you invest in younger demographic, they like cord cutting, roku, door dash for food delivery, they're lazy, just kidding but they like it at home and some of us go there, too but take a look. plus, can we not forget one that everybody's already written off? can we not forget robinhood? i know last week's ipo could be considered a bust because the sock dropped below the offering price. i wrote these guys, i was like, use one finger at a time that's something you learn in the business this is the magic show business finger but anyone who's writing robinhood off simply doesn't understand, not vlad tenev, but his customers, young investors

these people worship robinhood, even when wall street was laughing ceo vlad tenev and his company's capital products, the first time the meme stocks, the sign ups never stopped january, first week of february, believe me if robinhood had gotten in trouble, the major brokerage firms never would have reached out for this deal. so many of them hate traditional finance. they don't trust banks because they know they're not big enough to be taken seriously. they don't trust credit cards because they think of them as extortion. they don't trust traditional brokerage houses because they don't like being condescended too. it's something lots of younger people believe, not without reason even my wife who has a successful real estate career, she got booted from the wealth division of a major firm because she hadn't saved up enough money in the account to qualify, and it hurt. she couldn't believe how devalued she felt. she's not alone. people who came of age after the financial crisis, it's taken

that a given that the financial institutions will treat them with contempt. robinhood gave them brokerages when others were charging commissions for trade. everyone else had to follow suit as robinhood branches out into other forms of finance, including buy now pay later cars, i think this army of 22 million users will grow and become more powerful that's why i'm telling you that robinhood can be bought here that's right: i'm blessing the stock. if square can rally 10% on this after pay deal, imagine what robinhood could do if they acquired someone else in the industry, think affirm the stock would soar i know some of these companies are more tangential, but the strength, that scarcity value has allowed them to surge higher at tremendous velocity what matters with square, it has the ecosystem covered. is there any financial

establishment that comes close i can only think of one. tons of millennials signing up as part of ans aspirational move amex is more tailored to the wealthy. the my illennials and gen z, thy don't have enough money. and they want to follow companies that cater to you. what happens if one of the buy now pay later companies merges with robinhood for alternative financial services power house, i think you have another square on your hands, and i personally would love to have another square on my hands, can we please go to joe in texas. joe. >> booyah . >> last week simone biles said she was jumping out of the olympics, and today she's getting back in the olympics, and she's sponsored by a

athletica, is that a buy, sell or hold. >> i think the fundamentals will prove out and the gap stores is a good stock, and i like it, and i think you should buy it. i need to go right now to john in kentucky, john. >> hey, jim. first of all, i'd like to thank you for all the help you have done for us little guys. i don't know anybody else out there on the networks but you. you're great >> thank you very much >> i've been a long time listener, 13, 14 years, ever since your they know nothing rant about the fed >> they know nothing >> that's right. >> and they don't always anyway, my question's about sky works solution, it was down 8 or 9% on friday after recording the evening before. >> you know, john, that quarter was good, and i'm not backing away from william griffin. it was good to the point where i was thinking about it with jeff marks about whether we should make it an actions alert thing, and jeff and i were going back

and forth. we have broadcom, but that was a good quarter don't let anyone tell you not. follow the millennial market square rocketed higher on the buy now, pay later outfit, after pay, i'm updating my status on the social media stocks that you care so much about, and share what you need to know about space, and the dow, s&p 500, lost during today's session, several signs point to the weakness, at least, so could in and out be the time to add protection to your portfolio in the form of gold i'm going off the charts to find out, and there's a new plan for newell brands and i'm finding out from the ceo if the marker of sharpie could make for a sharp investment so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an email to madmoney@cnbc.com or give us a

call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com. i'm 53, but in my mind i'm still 35. that's why i take oste bi-flex to keep me moving the way i was made to, it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support. ♪♪ the ey entrepreneurs access network has a tremendous impact on my business

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this has been a real roller coaster ride for earnings season, hasn't it, especially for the social media stocks. a couple of weeks ago, things started off strong when twitter and snap soared. last week, wall street started taking a skeptical attitude to quarterly reports when facebook reported strong results, this stock gave up the ghost anyway then when pinterest delivered a confusing quarter on friday, well, the stock plummeted 18% in a single session so how the heck do we make sense of the disparate reactions, how

are twitter doing so great, and pinterest falls apart, and facebook can't get request snap, the parent of snapchat, this was so spectacular, sent the stock up 24% the next day. if you didn't know better, you would have thought snap caught a takeover bid when you're running a social media company, you have two goals, grow your audience, and find ways to make money off them snap knocked it out of the park on both counts first off, coming into the quarter, there was concern that snap's growth may slow substantially as the economy reopened, snap's daily activity users grew to 293 million. that's up 5% from last quarter, 23% from last year that's a slight slow from the number of new additions at the height of the pandemic so it's not a pandemic play. in terms of monetization, snap's average revenue per user was much better than expected, especially in north america, we have some of the highest faction rates on earth rather than being hurt by the great reopening, snap is making a fortune off of it.

no one saw it coming it's a terrific value for advertiser, they need to reach a certain demographic, especially now that the travel industry has started spending money on the market again, that's perfect for them this translated into a quarter with stunning headline numbers sales coming at 116% year over year, yeah, 116% snap was earning $0.10 per share. as for the next quarter, management gave encouraging guidance, best of all, they told an amazing story on the conference call. snap is a company that spent years getting its act together by 2019, they finally improved the platform enough to make a phenomenal come back, and that has been aided tremendously by the pandemic but based on these results, it looks like snap can keep delivering great numbers, even when the world goes back to normal based on what's happening with the delta variant, we might want to put a pin in that put it all together, and the stocks have more room to run, especially since it's pulled back a few bucks from the post earnings highlights. it's extraordinary, it's a good

buy here by the way, let me cut to the chase. i am actually looking forward to the day that evan spiegel comes on the show, he's the ceo, he's up big since i got behind him. the executive producer and i share the desire to have evan on so far unrequited, i might add on the same night we got results from snap, we got results from twitter. it was a terrific quarter but less jaw dropping that snap. we care less about the user numbers here and more about the actual financials. that's why wall street didn't mind the twitter's monetizable daily active users, came in a tiny bit light at 206 million, up 11% year over year. i'll take it what matters is that twitter sales came in higher than expected and posted a 13% bees when drilled down there were impressive numbers here. the company's u.s. advertising revenue up 98% year over year. twitter has been focused on monetization for a year. once elliot management got involved, and this time they really delivered, and hats off

to ned siegel, the cfo, it was really good and the revenue guidance came in better than expected it doesn't hurt that twitter keeps working on live audience, super followers, the tipping jar, and shopping functionality. you'll be able to buy products from a brand's twitter page. too few people are paying attention to it. i think they've got a real big business and the stock is a bright future. how about the one that's kind of a real quandary. we're going to explain it. facebook, this stock pulled back after earnings for one simple reason the expectations were sky high it's been a fabulous performer when facebook reported terrific top line beat, 101% earnings t

growth rates to decelerate significantly on a sequential basis. then it got worse, we continue to expect increased ad target with targeting head winds in 2021, from regulatory and platform changes decelerate is bad. significantly decelerate, ouch and that's why many investors, made the quarter as good as it gets from facebook, and the stock sold off, i think if you listen to the rest of the conference call, there was a lot to like, and told us about content traders, and facebook and instagram shops, boy i love those. who came up with that, they become an essential part for small business, and by the way, don't you dare sniff at the meta verse project, it's real my view, don't over think it facebook is one of the cheapest social media stocks, in the entire s&p, even if the growth slows substantially, the darn thing would be a steal here, it

trades 22 times next year's earnings estimates it's hard to believe, isn't it finally, it's the toughest one, pinterest, which you know i like it had been on fire going into last thursday night's earnings report, and remember, there had been rumors that microsoft wanted to buy them, and pinterest dropped the ball and the stock plunged 18% the next in the u.s., down 7% because the environment is so uncertain, refuse to give you any guidance on the user count. that's the responsible thing to do but wall street hates not having a forecast. it's a shame because the sales earnings were amazing. pinterest had the best revenue

growth, up 25% in terms of profitability. the behemoth that is facebook. none of it matters because the monthly user numbers made wall street feel like pinterest was a hobby, and dropped as society started to reopen. i think that 18% is probably way too excessive, and at these levels, the stock has been derisked but at the same time, i am wary of recommending pinterest until they show us their user growth is back on track. for now, we've got to put this one in the proverbial penalty box. man oh man have they jumped that site up with ads it's painful to scroll it's one of the worst ones i go to here's the bottom line now that we've heard from all the major social media plays, i think snap is the best for pure growth okay, facebook is by far the best way to get value or at least growth at a reasonable price, twitter falls somewhere between those two which is why it's between those two, and twitter's good as for pinterest, i wouldn't call it a lost cause, but range

bound until they make the user experience better, and then at last, the audience will stabilize. stay with cramer just in time for the olympics, is it time for investors to go for gold cramer's going off the charts to find out if the precious metal can keep running and find a place on the podium and in your portfolio, next.

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with a bit more thought we can all do our part to keep plastic out of the ocea. zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, with a bit more thought which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. now that we've closed the book on july, we need it figure out where this market is headed in august, though we have big picture, with the delta variant hitting, and the chinese government increase the arbitrary crack downs on big business, that doesn't stop the average from continuing to roll higher you have to wonder f it's taking a temporary breather we're going off the charts with

a help of larry williams, a mythical figure in the world of technical analysis, he has been trading stocks and futures since i was a kid, written more than a dozen books and a host of indicators that we use all the time for a year and a half he has made a series of incredible predictions starting in the spring of last year when he told us the economy would start rebounding in mid may at a time when everybody else thought the sky was falling. i want you to take a look at this daily chart we have a series of different charts williams is the master of cycles, including seasonal patterns red line is the seasonal pattern for the s&p, shows you typically what happens in the month of july, month of august, historically, august gets rolling with a sharp decline, uh-oh. followed by a temporary bounce with the market finishing lower than where it started. williams says that's the expected road map, although obviously the seasonal patterns can't perfectly predict the future they're right more often than they're wrong, which is why we need to pay attention to them.

of course it's not just seasons. check out the zoomed out daily chart of the s&p 500, what bothers williams here is he has seen signs of weakness developing, right as we enter a seasonally difficult period, and once again, you can see what's happening. in blue, you can see the advanced decline line. all right. which measures the number of stocks going up, versus going down on a daily basis. every day you add or subtract the difference it shows the market's breath, and according to williams it's painting a disturbing picture right here right now, since the beginning of the summer, he can point to three moments when the s&p rallied higher highs, and meaning the market went up on not so hot breath. for williams, that's lots of big money managers, selling many of their positions. he has seen this pattern before, and it's not healthy normally the advanced decline line should be making you highs, and that's not happening it means this move could have feet of clay this is going down you would have expected it to go like that. actually, you wouldn't have

expected it to go down like that would be more like it. next, consider the s&p's daily action compared to the on-balance volume. this is a cumulative indicator that looks at volume flow, adding the volume on updates, s subtracting on down dates. the s&p makes new highs, but the on balance volume stays flat okay that's another negative. remember, for technicians, like a lie detector, that means a move is deceptive. one more reason williams is worried about the rest of his seasonally challenged month. over the last two days, he has noticed something else we're seeing what williams calls a specialist trap. this is what happens when prices are trading sideways, and break out to a new high like we saw last thursday, and immediately the security in question rolls over and violates the daily low from the date of the breakup that's exactly what happened, and according to williams' this pattern leads to significant declines that's not good. by the way, the specialist trap

occurred near the peak last year, right as everybody started worrying about covid, obviously co covid trumped anything no one predicted the covid from the charts see what i care about is this reverse. this is lower than that. that's what you need to know we're not done for the moments williams is concerned about the s&p 500. he has a small position in the s&p mini futures is august is set up to be a tough month for the stock market, is there something else that might work instead? right now, williams is long gold for the precisely the reason he's worried at the s&p. i want you to look at the historical seasonal pattern for gold in the month of august. this tends to be the terrific time of year for precious metal. gold usually makes its monthly low in the first few sessions of august right now with the high coming in the last few sessions. even though it's already been running, he continues that run, expects that run to continue

this is a well warn chart, let's say that again, though, there's no guarantee, the seasonal patterns will play out this year. williams likes to look for deeper conditions, like the warning signs he spotted in the s&p 500 stuff. let's say goals weekly chart going back a few years here you can see the seasonal pattern in blue, okay. and larry's valuation model down below. that's in black. he likes to compare commodity prices to the price of treasury bonds, that's what this really is, and that's what his valuation model measures the spread between the difference of gold and treasuries, not only does it have a powerful seasonal trend, that's this. we'll get this, this is really very significant, so we go in july, and this, it's extremely under valued versus the bonds. okay i really like this finally, here's the same with the data from the commodity futures trading commissions, weekly commitment of traders report wl we love the data because it

tells the net positions, to big money managers, commercial hedgers, the actual producers and consumers of each commodity. williams has been using data since 1973, kind of pioneered using it frankly, and you can see the red line at the bottom shows the net position of commercial operators historically, they're buying and selling, an accurate predictor why does it matter lately commercial hedgers have been aggressively buying gold futures with a large and net long position, and if you look at the past action, heavy commercial buying almost always la leads to a nice rally. you've got golden black, you can see we've got commercial buying and a rally. you see commercial buying, and a rally. here's the bottom line the chart by the legendary larry williams, august can be a tough month for the s&p 500, and a terrific month for gold, given the big picture backdrop, that wouldn't surprise me one bit during the original debt ceiling

deda debacle, what happened, gold did great. ray in florida, ray. >> hey, cramer, how are you? >> i am good, how about you, ray? >>. >> caller: i have been a long time watcher, i love your show, cramer. >> thank you very much, what's going on. >> caller: hey, cramer i had a question about cleveland cliff. >> sure. >> caller: about six, seven weeks ago, you said that it was ready for its next leg up, they say down about $1.2 billion in debt, and they're doing more share buybacks in the future this is a company generating a billion dollars of free cash flow per quarter, and will be a huge beneficiary of infrastructure spending. what do you think about clf? >> i like clf. nobody seems to like it except for me, and the ceo, i think they're doing terrifically, and

let me just say, i do own newcorp., which i think is a better company for my -- of which you can subscribe and see every move i make before i make it phil in alaska phil >> caller: yeah, hi jim, how are you doing? >> i'm good, phil, how about you? >> great great summer day >> oh, isn't it? >> caller: yep say, i called because i'm still interested in mp materials corp., and i know that they're going to report earnings on thursday i was wondering if you had any last minute advice for me. >> i think they're making a comeback they got caught in the big dow for the spacs, and insider selling, which is understandable if you like raw materials and rare earth, it's still the play. let's go to rambo in california. >> reporter: this is rambo from

san jose. >> caller: you're one of the best teachers i have had i have a position in industrial that's a play on the worldwide push through diesel emissions, the national need to increase trucking, the stock has a $280 price target from analysts giving a potential 20% upside of 14 x, and pays a 2 1/2% dividend unfortunately i'm down about 10% over the past few months because of supply chain and inflation. the company announces results tomorrow morning, what should i do with my position? >> okay it's going to be like caterpillar, people threw it out, they didn't like the number, and they started all sorts of negatives, and then went in and buy it wait to see the quarter, people probably don't like the quarter, the stock gets hit it's been prepped by the fact that cat had the disastrous, not real disastrous, we straightened everything out the charts suggest the s&p 500

could run out of steam, at least for the month of august. gold on the other hand could be ready to shine much more "mad money" and could the maker of mr. coffee be the jolt your portfolio needs. and into the fiasco, should investors look for opportunities in other chinese stocks. i hear some managers do so i'm going to issue warnings ahead of key reports, and your call, and rapid fire, and tonight's edition of the lightning round, so stay with cramer

cost pressures we've seen company after company report great quarters, or have their stocks just get clobbered by worries about inflation i want you to nak nwl, the

consumer brands, all categories, rubber maid, paper mate, expo, mr. coffee, ball jars, follow me on twitter, when newell reported the headline numbers were fabulous, a clean top and bottom line beat. however, management's guidance spooked the investors, even though the sales forecast was strong, it was the margins, they were disappoint, and that's why the stock tumbled 9% on freud. wall street is worried inflation is going to hit the company's bottom line. i have to wonder if the stock has been punished enough since the sales are very strong. let's check in with robbie, the president and ceo, what's going on -- ravi saligram. >> what a pleasure and honor it is for me, i have admired you for so long, and being on your

show is an incredible thrill for me. >> you're very kind. i have to tell you, i have always had a great relationship with your company, and you have invigorated it it is uniquely suited for an era where we love being at home. >> indeed, jim, i think what is happening right now and it started with covid, and i predict it's going to continue, home is truly the hub. the home has gone from sort of being a passive place where people went home to rest and relax, to an active place. it can be your office, it can be a learning zone for your kids. the kitchen is becoming the center place for the family to congregate, and the living room and family room to relax, recharge, and we have the brands, so whether it's yankee candle, yankee candle, jim is becoming a transition product from the office space to the living room, change the ambience, get a glow, change your mood. cook up a storm in the kitchen

with oster, calfalon, store with rubber maid, i think we've got it, and home is the hub, and we're capitalizing, it's not going to go away because covid goes away. but i think these trends, the fact that there's going to be a hybrid working model still, with a third of the people. i think our brands are poised to really win in the future and we have really turbo charged the innovation machine, jim. >> let's talk about what people have said about cost pressures i am of the opinion that what can go up can also go down there's no reason to think that these commodities are not going to be the same as they always have been, the new factories open and the price comes down. there is nothing, nothing that's not transitory about a lot of your costs >> yeah, i think, jim, look, we did say $460 million of inflation for this year, went up

200 million versus three months ago. that's raising prices, that's ocean freight, labor costs, and some of these are transitory i don't think resin prices are going to remain high in fact, we thought it will probably start peaking around the third quarter. >> i totally agree. >> at some point, in six months, we'll settle down. >> now let's go to your conference call. the paragraph you say, our strategy is to ensure that the whole is greater than the sum of the parts, sir, i question that. i look at the unbelievable brand that is coleman, and then i look at this new brand that the yeti, they're almost even. the whole company is worth about the price of yeti, what am i missing? >> i think great admiration for what yeti has done, but coleman is an iconic american brand, 120th anniversary, jim over time we have neglected it a bit, but boy are we coming

roaring back with innovation on it five minutes, even a clutch like me can pick it up and put up a pin, and it's got enough head room, and we're coming out with a nice fashionable set of soft coolers, great steal belted coolers, so i think innovation is back on coleman, this whole one source product which is rechargeable, i think coleman brand, unfortunately, in the past, some of this got neglected throughout the company but we're putting a major focus on the consumer. >> right >> and meaningful innovation >> now, can i take a look at this candle business and double down we had a nest on recently. i mean, geez you got to add that between private equity and spacs, they'll buy all the stuff you don't want how about a reshuffle here to give you the growth without the inflation. come on, let's do it >> jim, i love our candle

business i think that has so much growth potential, and i think what our team there has really reignited is it's not just candles, jim, it is really about there's so many opportunities, diffusers, wax melts, sprays, auto, and that's a high gross margin business, and very profitable, and look, that's very omni channel because we sell direct to consumer, we sell in our retail stores, and then of course in all the big mass merchants, so it's a great omni channel business love that business. >> one last one, i have the largest ball jar here right now, the wide mouth now i'm probably one of your biggest consumers from ball jar from a point of view of home growing. they're hard to get. finally, i have now got them direct to consumer is that how i should get them, when i go to the stores, they're always out of them. >> jim, i apologize for that the demand for ball jars during this pandemic has just

skyrocketed. and believe it or not, jim, you're not the only one, there's the heavy user, they normally have ball jars in their home, and we're getting a lot of small businesses that use this, and now new york restaurants during covid were using it out to, usin using ball jars to pass our cocktails, a lot of people using it not just canning but storing other things, and we have created a stackable innovation to save 30% space, we're working on manufacturing capacity. >> we need more ball jars, sir i'm so glad you came on the show i think your stock is ridiculously under valued. people worried about the resin costs, you have cleared that up. i think they should be thinking about the offense, which is what you're playing i want to thank ra valley s-- ravi. >> i appreciate it i love your show

i love you. >> thank you so much go to their web page it has all the brands, tell me that not every single part of your house has their brands except for their stock which should be in your portfolio. coming up next, cramer is bringing the thunder and answering your burning questions in today's edition of the lightning round. if your money is working toward the same goals, why keep it in different places? sofi is a one-stop shop for your finances designed to work better together. spend with sofi and get cash back rewards that automatically go toward your goals. like investing in stocks, etfs, and crypto. that's better together. or pay down your sofi debt sooner. that's better together. and that's how sofi is helping millions get their money right.

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>> announcer: "the lightning round" is sponsored by td ameritrade it is time, it's time for the lightning round. and then the lightning round is over, are you ready, we're going

to start with jack in illinois >> caller: hi, my stock has 6% dividends since 2016 my stock is new york community bank >> what can i say, it's got a good dividend but no growth. i prefer growth to dividend. randy in new york. randy. >> caller: hey, jim, big staten island booyah and a new aa plus member here. >> thank you for joining the club, what's going on. >> caller: it's an honor talking to you, my stock, a took a small speculative position in cowue pn >> the financials see very american like. i need to go to david in georgia. david. >> caller: how you doing >> pretty good, how are you? >> caller: good, i wanted to ask your opinion because i was in the opening plays and i -- the price action told me i had to be

wrong. i was in spirit airlines save and i'm under the impression we're actually going to be going through a slow down in the industrial production going to 2 2. >> the problem with spirit is it's not a high quality operator, and also what we're looking for now are companies that are about to get international with an opening. we don't have them i want to steer clear of this group other than southwest i know southwest is not doing well it's the longer term win you have to own the longer term best of breed and southwest at 49 is intriguing to me can i go to ken in florida, ken. >> caller: good afternoon, jim >> hey, ken. >> caller: can you hear me >> i got you, ken, what are you up to? >> caller: well, i wanted to ask your opinion on energy transfer. i remember i think it was last fall, you were negative. >> i don't like the group. the group is this mass limited

part it's been a horrendous group for a very very long time, which et is a big member of it. i say, look, take some profits if you have them, but sell it. i do not like that management. there are others that are much much better to buy david in maryland, david >> caller: hey, jim. >> david >> caller: hi, this is david's mom. >> oh, david's mom how are you doing? >> caller: good. david has a quick question for you. hey, jim, booyah, it's me david from baltimore >> he's got horse sense, what's going on >> caller: i wanted your opinion on plug power. >> plug power has to deliver the number, and i hope they don't hurt you, and do not let you down as they have in the last few times. and that, ladies and gentlemen, is the lightning round

>> announcer: "the lightning round" is sponsored by td ameritrade after the chinese crack down on tech, the service industry and more, should investors be leery of the regulations coming out of the people's republic. cramer is giving his takeon th impact of the rulings and whether or not more crack downs are ahead, next. >> cramer, you are super, you are awesome. >> i'm a first time investor. >> thank you for inspiring me to get in the game. >> your show is the best, i'm so glad you're on tv. >> i want you to know you have transformed me thank you, cramer. 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. ah, they're getting so smart. choose the app that fits your investing style.

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don't delude yourself about the business situation in china. the chinese stock apologists are out in full force. and their arguments, they're nuts they look at the global situation, the chinese uber that got kicked off every app store in china, a few days after the ipo, and say they were in trouble with the authorities, what's the big deal. they look at the tutoring stocks, the for profit enterprises that the government turned into nonprofits it's an aberration the apologists act like we're crazy to be surprised. of course they cracked down on tutoring, it's an communist country, for heaven's sake for 40 years the chinese

government was communist, when chairman mao died, they started transforming their market economy. that's what the chinese people want to invest in. that's what they want. you're fooling yourself if you think that china still exists. after decades of giving the businesses free reign, they decided to put big business in its place. i think this is just the beginning. their government thinks capitalists have gotten too f powerful so they're changing course the apologists are in denial, they have mental lily cordoned companies that make too much money or make the population dumber, that's social media, or that work their employees too hard other than that, play, mr. lincoln, it's all systems go they want alibaba, they live baidu. and online technology platform for agriculture. i say wait a second, we have no idea which kinds of companies the chinese government will

eventually target. none, that's their point they don't want us to know do you want to invest in a country that invests in business for making too much money. that's self-defeating. i see one problem, the communist party, once their influence diminished, they look through the lens of class conflict any business could be targeted i knew those seven communist courses i took at harvard would come in handy. we got slower economic data out of china this weekend, thanks to the delta variant, i think they might need a stimulus package to keep their economy from slowing too hard we spoke to the legendary larry williams, and he threatens how well the chinese communist government and their economy are really doing he thinks it's not that good it could get worse before it gets better. unfortunately we live in a global economy with a strong correlation between the two economies, we could get hurt by their slow down, but more importantly our slow down is going to hurt them me, i'm deeply skeptical of the

chinese government and the defenders. they say the crack down is over. i think this is merely a temporary interlude designed to suck foreign capital, like your foreign capital back in the chinese economy, and it's clearly working if money managers are already going to come on air and dismiss the communist party's actions as being arbitrary but somehow necessary. i heard this one, i love this, authoritarian capital i ism who comes up with this stuff we have seen them take actions and make the smoke clear, lure in suckers who they can rip off. that's where we are now. you can try to play this period of calm. i'm sure they will have alibaba put a good number. who knows, but you never know when they're going to start cracking down again. my view, foolme once, shame on me, fool me twice, shame on me after what they pulled with the tutoring companies, i think it's the height of irresponsible to give chinese stocks a second chance even though wall street is embedded. they're in the same bed as china. they want that money

i don't know how much simpler i can make this. when explicitly communist government forces for profit companies to turn into nonprofits, it's probably not a safe place to invest your money. i like to say there's always a bull marketsome. i promise to find it right here for you on "mad money. i'm jim cramer i will see you tomorrow. the the news a night of comebacks masks once again required in some big cities and simone biles back on the beam i'm shepard smith. this is "the news" on cnbc today we hit 70% of adults with at least one shot. >> america reaches its goal but a month late florida, the epicenter of this new wave pushed to the brink as hospitalizations hit a record high back in action simone biles will compete. the goat's olympic return and her chances at winning gold. taliban revenge killings the u.s.