anything but which is why you should just own the actual oracle orcl >> by the way, the stock was immulex. matt congratulations. "mad money" with jim starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to educate and teach you call me at 1-800-743-cnbc or tweet me @jimcramer. this is what you get when everyone is worried, a market opens strong sure the dow ultimately finished up 260 points, but the nasdaq

ended up down .07% we have a rotating cast of leaders. there's no consistency whatsoever in this market. today the dow up, nasdaq down. tomorrow could be the other way around in fact, i expect it to be. last week we talked about how september 17 marks a significant decline, at least for the last 20 years we rely on larry williams because he can spot patterns before they happen it doesn't look good today, as we saw last week, this market sucks in the obvious and find themselves hit by a tsunami. the dow did manage to hold up today. but it's been suffering serious losses this offers a prelude to a wide-spread sense of buyers remorse. as people chase the dow tomorrow when they should have been buying the nasdaq. it's how you get exhausted, how you get exhausted, how i get

exhausted. it's why i think williams will be right in his prediction that we're heading for a downturn next week. what causes the late swept swoop? we have to take it from tolstoy. each unhappy selloff is unhappy in its own way this time of the year we get negatives that causes stocks to get him. accumulation, disappointment and confusion because buyers feel like they've had enough and have been had look at the market leadership today. every day there's a different group of leaders which of the leaders really has staying power. right now the only sector with true staying power is oil and gas. gas being particularly bad that is the worst kind of leadership granted -- there are set to buy all kinds of industrial stocks every time oil goes up because they think the economy is getting stronger, often but not always at the moment, the algorithms are playing raw. when oil goes up these days, it

only benefits the oil industry good news for shareholders occidental, pioneer, devon energy, chevron, but bad news for any company that consumes oil or gas which is pretty much everybody. i like pioneer, devon and chevron. you can buy the better oil and gas, but don't fool yourself, please they're terrible leaders for the stock market we're talking general custer level leadership when these are the only groups that consistently rally the market is not going to go anywhere why? high energy prices are part of the basket of rising raw costs that plague every single industry and is really starting to get us down when the oil and gas stocks leave, you always get the sense that crude is about to bust out, right? however, i remain convinced that when oil gets a 70, as it did today, the saudis will keep a lid on their american competitors.

the american competitors will drill and that hurts the market share. whet the petroleum goes higher, it translates into lower stock prices if it's transitory, we're not. if it's not, it weighs on me, too. these days we're seeing higher costs through what we call the system classics through the roof. the unholy matrimony of winter store u -- boxes and plastic cups are soaring in price. when you get a cup of coffee, it's more expensive. someone is eating that price increase aluminum, a huge energy user i went and bought a bike this weekend. the bikes were priced between $2,000 and $4,000. are you kidding me no, i'm not paying that price. i got another one, like $700 that's not cheap either. inflation is everywhere. it's hard to find anything

that's the same price as it was a year ago and practically impossible to find anything lower. go on twitter and tweet me if you have anything other than your industrial stock prices it's not just that rising prices are everywhere it's also that we got shortages all over the place this morning 3m, great company, talked about how inflation is higher-than-expected and business is being rocked by forecasts that aren't negative enough supply chain interruptions are endemic. down 6% for auto production when a few months ago they thought it would be down only 3% as if somehow that's on a kay decline. if anything, it's a precursor to what other industrials are probably going to say over the next few weeks many are down for the year without much upside. at the same time, many of the transports are doing worse -- a nice relief rally today, but don't chase. what's incredible for me -- here is what we really want to say.

of course these are known and they're bad, forget about it each time we read these stories, investors act surprised and they sell same with retail almost every retailer is scrambling to get product for the holidays it seems as if much of what they want either can't be found or stalled off the coast somewhere eight days out in the port perhaps a covid-struck port in china or vietnam with the latter complicated by ports that simply aren't scaling today we got a call from the brokerage house that mikey will miss the quarter because of vietnam. the strange thing is tech has been seen as a safe haven and it got bit up all over the place in the last few weeks we don't have a substantive reason to keep buying. there is no gold rush. it can only go up so far without new information and there just isn't any. tech is the most news going in the 17 pgt i don't expect the big move up

ahead of that seasonal weakness. semi con douk task force put on a decent show today. i think it was related to apple's phone launch in the end we see a parade of tech ipos. we can't do anything about that, can we in any given day we can see a relief rally health care stocks went higher banks put on a decent show what do you do wells fargo, that's a stock down hard because of a $250 million federal fine for things the old guard did, not the new one the company's stock lost $20 billion in market cap in anticipation of a much larnler punishment these made up only a fraction of the decline. i don't want to be too aggressive about anything. if that litany of ports, raw costs, over evaluation, we've got democratic leadership trying to raise taxes, and that doesn't -- that said, i doubt they have the votes of the

senate guess what if we don't have enough wage infl inflation, they want to create more jobs but they can't create more people to fill them i have said over and over again today that september is the cruellest month and it's playing out that way once again with rolling corrections all over the place. something that is again typically a precursor to the seasonal decline that begins in just a couple days, something i know traders can be buzzing about. bottom line, right now you're better off on keeping some crash, owning some gold. maybe heed larry williams' warning, do some selling this week september 17th typically kicks off the toughest period of the year i want to start with gary in new york gary >> hey, jim. thank you for taking my phone call. >> of course of course. >> jim, do you think c stock is a good buy right now

>> sea limited it reminds me of libre no one is focused on it. i'm going to encourage you to buy some now and then buy some lower. i do think that much of that company. jay in california, jay. >> hey, jimmy chill. we love you here in downtown l.a. you're the best, jimmy. >> i love l.a. so much i just love it how can i help? >> jim, i bought $66,000 worth of roku stock about two months ago. it used to be called the king of kings, the best of the high flying stocks, but it felt quite a bit. it was up 192% in one year it took a dive for about 30%, fell pretty hard the crazy thing is, jim, it had an incredible earnings report on august 4th it was amazing so question, why did it fall so hard should i actually more now -- >> answer, answer, jay, answer

zoom by the way, zoom topia started today. people are saying that is a pre opening trade. people don't want to buy -- like the video games. people think nobody wants to stay at home anymore can we go to sirnanda also in california. >> hello, jim. thanks for everything. you we're very happy to hear you. i want to ask about intuit the stock is doing great, sold about five or ten million or so. >> yeah. but you know what? they did make a big acquisition after the close to day i think people are going to like the acquisition. let me just say one thing. they bought this company called credit karma people love checking their credit score i can't believe people are on credit karma all day they've got a lot of time on their hands. i like intuit. i think it is changing the way small business does business

i would buy it it's begun september is the cruellest month of all you're better off keeping some cash, owning some gold if you're a trader, made do some selling. yeah, elling on "mad money" today, gold ticks higher ahead of u.s. economic data with the precious metal being unable to break out in recent weeks, what could the future hold for one of the biggest miners, barrick's ceo, i love that guy more to investing in travel than airlines and hotels, i'll take a look at new travel plans that you know about cloudflare is hosting speed week in an effort to highlight the impatience we have i'm talking with the ceo stay with cramer. >> don't miss a second of "mad money. follow jim cramer on twitter have a question? tweet him, #madtweets.

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it's been a lost year for gold prices. kind of a lost year for the gold miners themselves, including cramer fave barrick gold i need you to think of these precious metals as an insurance policy it works when things go back, specifically in times of inflation and economic insecurity a tricky september with s suboptimal earnings, spillover from the communist shakeup in china. for me the ideal way is with the best run gold miner by far, and

that is barrick. let's check in with dr. mark bristow, president and ceo of barrick goal who joins us as the 2021 mine expo gets under way in san francisco. welcome back to "mad money." >> hello, jim. >> mark, i'm kind of caught. i have a couple of pieces here a jpmorgan piece that says your cost is going down and what you're getting down and i have a jeffries piece that say your cost is going up and what you're getting is going up. >> two things. we're not only returning capital to shareholders but investing in our future you and i have spoken about this a lot. this is about a long-term game, a stable insurance policy to investors. >> you have also criticized some of your colleagues who seem both short-term oriented and

unwilling to rationalize costs, but perhaps by merging in equal -- i know you like these equal deals. >> you know, jim, remember you go back to 2010, '1 '1, everyone was encouraging people to get bigger and grow, and now they want the money back. this is a consumptive industry we've got to invest in replacing what we mine, and then we will be able to deliver the value barrick has moved from 2018 with massive debt to no debt, net cash, returning more than 3.7% to our shareholders and investing in our future. imt l it couldn't be better. >> okay. so let's go to what this means one of the things i was doing and found shocking weave had gold in nevada for ages when i see what mark bristow is doing, robertson, newly identify ore shows -- how is it that

we're discovering more gold when this has been 150 years? >> well, you know, sometimes we got confused and we were in a harvest mode rather than a long-term business, sustainable business folk cuts we've got not only robertson, we actually own in nevada the world's best underdeveloped gold investment in the form of gold rush behind that we have four mile. then we have the gap between turquoise ridge and twin creeks, something that was stuck because of the fence that divided the same ore body. we've got huge opportunities in nevada. >> you spent $253 million on gold rush spent to date, and you're still in preproduction. mark, sometimes i think your industry is just too darn hard >> well, it's not because the

rewards are fantastic, jim, when you get there. we've been able to share those rewards with our state, nevada, in times like this, really tough times for the state. we've been able to deliver returns to our shareholders when no one else is offering value. for me, when you look at what barrick is today, it's a combination of three other companies, rand gold and barrick, of course, the nevada assets of newmont which is a joint venture and we bought back acasia we've spent the last two years getting the people right now it's about making sure that our exploration team is really the engine that drives our trade. >> so in your conference call, you talk about the two different relevant prices that you see gold is going to be. the last month that was most relevant, thinking about 1700

price, that was the '21 year budget can it go higher from 1,700, or is that the number we think we're going to be around for a while? >> jim, as you and i have spoken about many times, in rand gold we used a long-term thousand dollar gold price to allocate our capital. we now used 1,200. the bds, we get closer to the spot that's why we get to 1700 looking at the next 12 months. but that's completely divorced of our view of what the gold price is potentially going to go to if you look at the amount of money being printed by the global leading economies and all that money, unlike in 2013, has arrived with joe public in the market, we've got this massive liquidity, and as a consequence of that we have this looming

inflation. at the same time when you print money with an economy that's shrunk, it's like me issuing shares with a low market cap you know, you dilute the very value of that paper. that's the challenge that the world is going to have to deal with, and, of course, gold measures that. >> i've got to tell you, mark, i've got people who say, listen, there's many companies mining gold, it's driving the price down we can do bitcoin, bitcoin goes up gold does nothing, bitcoin goes up why should we be in gold can you explain why that may not always be the case >> you know, the one thing about gold, jim, as you know, it takes the risk out of any investment over the long term if you want to load up on bitcoin, you better have a lot of gold to hedge that risk because the bitcoin goes up and

down, not necessarily in that order all the time. >> look, i'm glad you said that. you know, i've always felt that gold is the value. if people don't own some gold, that's like not having car insurance. a very big mistake mark bristow, president and ceo of barrick gold. you tell it straight no matter what thank you for coming on "mad money." >> thank you, jim. coming up, eat, pray, love to profit? find yourself and find some far-out returns with cramer's travel stocks next >> next, booster battle. the new pushback against third shots, plus what went wrong in afghanistan? the secretary of state grilled on capitol hill.

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(judith) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. what happens when we welcome change? we can transform our workforce overnight out of convenience, or necessity. we can explore uncharted waters, and not only make new discoveries, but get there faster, with better outcomes. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change--

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positive for stocks. they keep being flooded with new supply and that pushes prices down. even when we're drowning in third-rate deals, there are still good ones worth taking a chance on. tonight i'm going to teach you how to do it in the last few months we've seen three relatively high profile travel stocks that you may know the name of i'm talking about clear secure, blade air mobility and wheels up these stocks have performed quite fbadly, that's why i'll give them a closer look. w i'd much rather go bargain hunting. let's go to work here. let's start with clear secure. this is a technology company that handles biometrics. their platform examines your eyes, face and fingerprints to verify your identity their membership program lets

you skip most of the line, although there aren't any right now, for the most part, and go through a much less extensive screening process because you're already a known individual while clear secure got their start in airport security, now they've expanded to a bunch of new companies. they handle health passes for covid-19 along with doing security at a growing number of offices, restaurants, theaters, casinos and theme parks. the most important park. these guys are the most large scale biometric base identification i think it represents the future of financial security. clear secure is going to have a huge chunk of that market because right now nobody else comes close, plus they recently won a major ten-year contract with the tsa to help with enrollment for pre check applicants you know what? that's not enough. let's talk about the numbers those are a little tricky. clear secure doesn't readily

tell you the total number of paid subscribers i don't like that. they only disclose total cumulative enrollments which includes everyone who signed up since inception and they don't break out which service those people subscribe to. problematic because some of these services are free. for what it's worth, the total number up 5.2 million from last year the clear plus air travel program has more than 2.5 million subscribers. that's what we'll go with. when you drill down, clear secure's net member retention came in at 80.6%, down from 85% in early 2020. that means we have 20% churn which is not good. on the other hand, the business held up fine when air travel collapsed when the pandemic him because this is a subscription service. putting it all together, my

biggest problem is the valuation. even after pulling back from its highs, the stock trades at more han 25 times sales, not earnings, sales, which strikes me as very expensive for a company not expected to turn a profit until 2023 at the earliest as much as i like the biometric id story, i think there's way too much uncertainty surrounding the number to recommend a stock this expensive i could maybe justify $30, but $44, huh-uh, too much for me next is blade air mobility, that's a spac deal that closed in may we don't like them because they lose money think of blade as an uber style platform that lets you build helicopter and amphibious sea plane rides in areas where there's a lot of traffic they do a lot of business between new york city and the hamptons think of it as an expensive service for rich people who are too impatient to drive from point a to point b avoiding new york traffic seems

pretty enticing to me. i have not used it that might seem a little provincial they're setting up intercity routes in the northeast, building a network in miami, chicago, l.a., too longer term, blade likes to tell a story act electric vertical aircraft which are more quiet than helicopters and can use more routes. looks like something out of a science fiction movie. when they started trading, the stock got crushed, from $20 in february to six bucks and change in may the stock has been stuck between 7 and 11 after rallying hard over the past month. blade has some pretty impressive numbers. the revenue is up 277% in the most recent quarter, up 73% versus 2019. they're nearly breaking even, too. for me, the best part is the valuation. right now blade has $645 market cap. keep that in mind, even though

the company has 333 million in cast and short-term investments at the end of june the business is valued at a little more than 300 million bucks. even if you use net share estimates, trading only five times sales. i think there could be real demand for this service in cities all over the country, even if you don'tput much stoc in electric vertical aircraft. i wouldn't be surprised if blade can work from nine maybe to the mid steams in the not-too-distant future which makes blade air mobility a buy >> all aboard! >> could president resist. finally, wheels up, a private aviation service with its own fleet of planes. i'm sure you've heard of it. they offer a membership club for private jets even if you can't afford to buy your own cessna. it's like blade except blade doesn't own any services wheels up, two-thirds of the

flight use their own aircraft though they plan to become more asset light. these guys talk about demock tiesing aircraft the average member spends $70 grand a year delta now their largest shareholders after combining with delta's private jets business maybe this part of the story is the pandemic has been great for business it saw active membership grow by 47%, while total revenue up 113% year over year this is a spac stock, it's been hammered currently seven bucks and change wheels up is risky, it's also got good growth and the stock is very, very cheap so you've got my blessing to speculate on wheels up the bottom line, when it comes to newly public companies, i'd steer clear of expensive opaque

companies. these companies are not making money, but they have revenues. it's easy to understand them and i like them and they've got a great reliability. let's go to jason in illinois. >> hey, how is it going, jim. >> jason, it's good, a very good day. how about ou >> not bad at all. the stock i'm calling about is tripadvisor. trip is the ticker, i'm sure you know about it. i bought around in the $40 to $45 range after it came off its high i figured it was a nice spot obviously with the reopening trade it's been a tough trade from them. good news from there, the partnership with amazon's audible, the tripadvisor plus subscription service is going well just want to know your feelings on trip. >> it's a reopening trade. like i said, i talked apt the top of the show, a weird situation where last week travel was bad.

this week travel is good bad, good, bad, good i think in the end tripadvisor is just okay but thank you for the call i want you to take a look at these -- these are the new travel stocks. i'm willing to bless speculating in blade air mobility and wheels up because i think they're too much watch more "mad money" including my exclusive with cloudflare talk about performance this is web security and they have their own content delivery network. we're going to speak to the ceo. last week was a verdict in the apple versus epic case which sent apple stock lower has wall street misinterpreted the headlines? you're going to get my take. coming up, the lightning round stay with cramer >> on closing bell, what apple's latest launch means for trend setting tech and investors plus under-the-radar plays from a top hedge manager.

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some stocks, well, they just don't know when to quit. >> reporter: stocks like cloudflare that helps businesses make sure their applications with operate reliably over the web. it became public at 15 bucks since then it's rallied more than 700%, nearly double from where it was trading this spring how did they pull that up? spectacular results. you may not be familiar with cloudflare it's hard to overstate the reach. at the moment roughly 18% of the internet is powered by their platform and they keep expanding. today we learned they've grown their network by more than 25% where they're now in 250 cities across more than 100 countries by the way, that's exactly why i think the stock is not done. when the two-year anniversary of

the ipo, let's check in on congratulate matthew prince, co-founder, chairman and ceo of cloudflare mr. prince, welcome back to "mad money." >> im, thanks for having me on >> matthew, every time you've been on, three times, i've seen the total addressable market grow how is that possible most company's total addressable market is stack tick yours is ecstatic. how does that happen >> from the very beginning at cloudflare we focused on building something fundamental, a better network we have for the last two years, since we went public, focused on execution and innovation this week is really an example of that where it's speed week at cloudflare where we're reinventing how the internet works to make it faster and faster we've released over a thousand new products in the last two years, as michelle, my co-founder likes to say, we're just getting started. >> now, i do see a contract that

has got to be the greatest contract that you got. i want to know how you win the federal government contract. we talked to a lot of companies who try to get this business you got it. >> in our last earnings call we were proud to announce that when the federal government was looking for a zero-trust solution across any federal agency, comparing us against a number of the other competitors in the space, they chose cloudflare in order to provide our services that's a contract we think is really going to start to pay dividends next year. i think it shows how much we've been able to take the network that we've built and extend it into additional areas, continuing to make the internet, yes, fast, yes reliable, but also incredibly secure for governments all the way down to small businesses it's been incredibly rewarding for our team. >> now, what i like to see from companies these days is a pay -- yours is pretty much buried, i like to see it up front.

strong dollar based retention. 124% up from 115% a year ago can you explain how you can be more than 100% net retention. >> what dollar-based net retention is, almost like same-store sales in other businesses if you look at the customers on your network a year ago, you have some that leave and we're very fortunate that we have a very sticky product, customers stick around, and some that spend more. and those that spend more, if they spend more than those that left, dollar-based retention over 100%. what's been hard about our business is because we don't charge based on usage, we actually have to develop new products and have customers really adopt those products in order for our dollar-based net retention to go up that growth from 115% to 14% over the last year is great

evidence that our product and engineering teams have been able to continue to innovate and customers are adopting more and mao of our products every day. >> i've never seen something you did in a blog post a couple months ago, actual criticism of amazon web services for not passing on savings most people are afraid of amazon web services what made you feel so confident that you could call them pretty much a price gouger? >> i think what we've seen across the scree is that amazon has been really good at driving down prices in certain areas driven them down in compute, in storage. one of the areas where they haven't significantly lowered their prices in ten years -- the ten years we've been watching them -- has been in what they actually charge for bandwidth across their network what's crazy is, when they send network traffic to their network or we sent to their network, and we have a ton of mutual customers. it doesn't cost any incremental

amount my question to them is why are they charging their customers for it when you look at google, microsoft, the other major cloud providers, they substantially discount their traffic because it's cheaper for them when they service mutual customers but amazon doesn't so we're working with them we hope that they will do the right thing and do what the rest of the cloud industry has. but for mao, that's a place they really are gouging their customers. >> i'm sure they're going to be watching and hopefully reach out for comment. now, lazarus and colonial pipe, these are the two i think on your securities side have made it so there's an annuity stream basically. did colonial pipe change the world, everybody realized what was really going on? >> you know, i think one of the things that is the case is whenever we see those types of hacking incidents, they are times when our phone rings we're proud that, whether it's someone that has been hacked or companies that are in similar

situations, that they turn to us in order to have our help as part of their security solution in order to stay online. i think these types of hacks have been going on for quite some time. i don't think we're anywhere close to seeing the end of them. i am optimistic that companies that adopt solutions like cloudflare around zero trust are actually able to get in front of these types of attacks what you see from a number of these companies that have been attacked, they say they wished they had called us sooner. we're happy to help. it's important that we make our services available to not only huge customers that can pay us, but down the rest of the value chain, even small businesses what we're seeing is hackers are looking for anywhere where there is soft vulnerability. it's important for us to be out there in front of it trying to make sure we're keeping them safe no matter what they are. >> one last question i see you own a few of the cryptocurrency exchanges i've been concerned that they'll

be a hack and my money will vanish you are getting these customers. can i ask you whether you would feel secure if you had your money in one of these exchanges? >> i think we've been for a long time, a ton of the web 3.0 and cryptocurrency universe, has relied on cloudflare to stay available and reliable and secure online. one of the things that's been amazing, old adage is why do bank robbers rob banks it's because it's where the money is one of the biggest places that cyberattacks are going after are the cryptocurrency exchanges we have a front row seat for that we're watching more and more innovation from attackers in that space, but we're staying ahead of it, proud of the fact we've kept the cryptocurrency customers that are ours secure and safe and helped augment the additional protections they have on place i'd feel safe using any of those

that use cloudflare today. >> there you go. i want to find out which ones will admit it -- they sometimes put it at the bottom of the site they should all do it so we know matthew prince, congratulations, cloudflare co-founder and ceo. what a run >> thank you. addressable market is the way he analogs the bad guys are very powerful i would take anybody who uses cloudflare vur suss the people who don't. "mad money" is back. >> just chill out. >> the chill master j. >> chill man is in the house he's happy. >> the lightning round is coming up when "mad money" returns. next, booster battle, the new pushback against third shots, plus what went wrong in afghanistan. the secretary of state grilled on capitol hill. >> the facts, the truth, "the news with shepard smith" next on cnbc yeah. stay restless with the rx.

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it's time. time for the lightning round are you ready? don in florida don. >> boo-yah, jim. this is don. i'm an actions alert plus member thank you for making me so much money. >> thank you so much, don. what's up. >> i've got my son donny here, he'd like to say hi. >> hi, donny, this is donny iii, me and my dad like watching your show buy, buy, buy, sell, sell, sell, boo-yah. >> i like that kid >> this is 2% of my portfolio. you had him on five months ago, do i beisel or hold board

warner. >> it won't come until it runs its course we're too far away, wait two more months. darren in michigan, darren >> jim, thanks for the call. one that i was watching on your show back in january, i bought in at $25, down to $12 lion electric. >> that whole group is down badly. i totally understand s i think it is the best of that group. that said, all these got eviscerated. i would hold on to it. >> danny in texas. >> boo-yah, mr. cramer. >> boo-yah >> my question is on academy sports and outdoors, aso i looked at their earnings last thursday wondering if the stock has peaked >> that is ken hicks, it has not peaked i don't know if you heard ken on

tv holy cow, as good as he's always been i like that fellow steve in arizona, steve. >> boo-yah, jim cramer first i want to thank you and your team for the great advise you eve given us, teaching us and helping us gain the courage in investing. >> that's what we want we want you to get the courage so you can make these decisions yourself how can i help. >> i purchased magna international in march at 91.50. it's dropped to the $80 range mostly since then. with what you said friday about september historically, should i take the hit and sell -- >> no, magna is good it's going to make a lot of these incredible asset-like cars if anything i would wait about three, four weeks and then buy more, because magna is real. i need to speak to mark in florida, mark. >> hi, jim congratulations on your eagles. >> go birds, man

they looked real good. fantastic work what's up? >> i'm calling about big five sporting goods it's rated highly, but looking top-heavy. >> no, the sporting goods sector, let it come in a little bit. have you seen dick's it's been red hot. i love this group. a lot of this stuff is sold out, you can't even get everything. i want to stay long. sean in louisiana. >> how are you doing, mr. jim? >> i'm doing well, thank you how about you, sean? >> i'm great a great big boo-yah, man, for everything you do. >> thank you, partner. thank you. >> absolutely. you helped me through the pandemic with your investing advice. >> there we go this team is great looking at virginia, our executive producer how can i help >> on iron mead net.

>> that's a meme stock and we're not meme stock that's the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade coming up, sam water stone was unavailable to break down apple's recent courtroom clash we have the next-best thing, order in the court judge cramer presides next he wa streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders - they're made by them. thinkorswim trading. from td ameritrade. i wonder how the firm's doing without its fearless leader. you sure you want to leave that all behind? yeah. stay restless with the rx. crafted by lexus.

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coming up, booster battle. the new pushback against third shots, plus what went wrong in afghanistan? secretary of state grilled on capitol hill is news is next.

for all the stupidity in the stock market, wall street tends to be a good arbiter when it comes to figuring out if something is good or bad for business, except, except that is, when it comes to losses. last friday a federal judge handed down a decision in a dispute between apple and epic games. at the time it was hailed as a huge victory for epic. apple stock went from 154 to 149. that may not sound like much, but a big move for one of the largest companies in the world one problem with the verdict epic didn't really win in fact, it lost it lost big. because of a bunch of analysts made a bunch of decisions based on an obscure provision of the californianity trust law, we presumed it could wreck the profitability of apple's app store. i made the mistake, too. if you bother to read the whole

opinion, 198 pages, and counsel with counsel, hence, epic not apple is appealing the ruling. they were making the case apple ext extracts enormous fees from software developer, something outlawed by the sherman a antitrust act. apple won on that issue. the judge said they're not a mon nopist apple has to let app developers link to their own non-apple store fronts so consumers can buy the products directly. the judge said apple is giving the users of the phone what they want and what's best from them, both in terms of convenience and security i believe we'll look back on this as a victory for apple. why do you suppose experts got the situation so wrong we've been conditioned to think if the plaintiff wins a

temporary restraining order, the defendant is done for. that's not the case here unfortunately for apple, it's difficult to figure out what they can do. the judge gave them the roadmap, but that's small potatoes to not being in violation of the sherman antitrust act. one of the things i said you should own apple instead of trade it, while the judge seemed to want to find against apple because the company is so darn powerful, in the end being power. does not make you a monopolist lawsuits are messy, not easily factored in. we know 3m is facing groundwater pollution lawsuits johnson & johnson has a boatload of lawsuits for allegedly causing cancer in this epic versus apple

ruling, it's pretty easy it's worth nothing apple won, epic lost, end of story. i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money. i'm jim cramer see you tomorrow the government's new vaccine mandates for private companies tonight, sorting through the questions and confusion. i'm shepard smith. this is "the news" on cnbc backlash over vaccine rules. businesses demanding answers from president biden as the plan for covid boosters faces a new hurdle. texas bracing for landfall tropical storm nicolas gaining strength and closing in. >> right now we are getting ready to go back and pack up and head back to louisiana. >> officials warn of life threatening floods. governor gavin newsom getting help from president biden on the eve of california's recall election as his republican opponent faces this