premium because it's not entirely free still, you could use a put spread collar. that is selling an upside. still maintaining upside exposure >> all right that does it for us. be back next friday at 5:30 eastern time don't go anywhere. "mad money with jim cramer" 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. i promise to help you find it. "mad money" starts now >> welcome to "mad money." just trying to make you some money. my job is not just to entertain. call me at 1-800-743-cnbc. you know i have been screaming from the roof tops that the

period that gbegins today, september 17th, would be a rocky one. i would urge you to take action, maybe go shorter if you're a trader i don't do that. given the market's recent behavior, my only regret is not being even more negative it's not easy done especially if today's total crashing dow sinking 166 points >> sell, sell, sell. >> the fact ta average has been hit is probably the only bright spot i can think of. the decline has started. the pessimism is getting baked in it's highest level since october of 2000 which was seven months into the dot com collapse. that's an incredible data point. sentiment matters.

we need to see this before the market can turn around to me it means that it's going to happen, you may have to do some buying into any serious decline and i've got to tell you, the word emphasis on serious. they are so defensive, you may be bored i don't care about interested. i care about boring and safety as we head into this decline in is not a show about trade. there are times when these historic patterns hold off it may be the most consistent pattern of the last 20 years i've been sharing with you for a very long time and here sit. each time there's a different reason people sell i've seen people dumping stocks because they are worried about another debt ceiling crisis, making it difficult to do business we see heavy selling in everything from drug stocks. even as the vote failed through the industrials. they need stimulus we don't know what's going to

happen i'm not here to pound the table. it's good for the bulls. not bad. let's start with something i've been deflecting. i know this. i should have been talking about it size of the monotstrosity is

frightening. there's just one problem, clie neez communityist party is leaning into communism talking about common prosperity targeting the wealthy. i don't think the enterprise will wonder but i wouldn't be surprise if they let the creditors and shareholders get crushed including the founders who was at one point the richest man in china we are going to get the true lay of the land. any waning in demand, i've got to tell you, the market is not set up for waning demand

i'm excited about them but for different reasons. fedex has gotten hit with a ton of negative commentaries i don't know if they will give us anything good what can i say it becomes the true bellwether the stock has been on fire for decades. they are now integral. i don't know if nay can make every one be creative. they can make anyone feel creative and express themselves. i'm not an ethereal cosmic guy but it's good thing what they do workday last quarter was good. they talked about it on my show. wednesday is fed day that spells trouble. jay powell tell us about the

federal reserve. the media has turned on this man big time i almost feel like it's tools for wall street now. this is a seasonally negative moment i think we have to expect the market will put a down beat spin on what he says. he will no doubt recognize we need to resolve the debt ceiling fast or u.s. treasures can get hit with another downgrading he has to answer questions about the possibility of i'm hearing it all over the place. the economy goes nowhere thursday, all right, on thursday we had two huge quarters costco and nike. i don't expect good things from

either they sell the stock when they don't know you're going to get a consistent number. if that isn't enough for you, get out now. this is a great company and great stock. i expect the clueless to sell costco by it after the quarter, not before as for nike, tough, tough. we keep hearing that supply chain is in tatters because it sources 50% from veet yam. some people worried nike may be the next product chinese government cracks down on. they have been telling us for 15 straight points because they don't think a lot of people feel it this hinge has nine lives. nighke is too hard to short. i know we're all worried about the teldelta variant. i crust them to say things that better but not perfect

i hope the analyst grill them for how hard it is to get help now. they tend not to ask us. it's going to be this. it's going to be the dell analyst. i think michael dell will outline ha his plans are to do for vm ware. as far as i'm concerned, dell is a genius and honestman and he's worth backing. i think he dazzles straight down. you can buy some dell. all right. it's got to be tragt down. finally on friday jay powell speaks again let's hope he doesn't have some sort of do over. he has an encouraging story to tell we're probably headed into a period of heightened negativity.

throw it away less you get picked off by the bears. harvey in florida. harvey >> caller: jim, thank you for taking my call >> my pleasure >> caller: i bought beyond meat at 156 should i hold or sell? >> it's not well on bad take today. i think we don't care where stocks been. we care where it's going to. for that stock to act up $4 and this tape be something good happening, i need you to hold onto it. how about jack in connecticut. >> caller: hey >> terrific. thank you. >> caller: jim, as china makes move to control semichips in taiwan with an invasion and

capture of global inventory advantage. as a club member, what should we pri mmarily do with our investment >> sml is too volatile we shut the chinese down from them it can get hit fp you think you can get out at 62 and get in at 58, i bless that that's a tough trade to do stephen in connecticut it's getting pricey up here. it goes in both directions

really heavily sky high, sky low. taking chips off the table >> here's the deal i'm using $2,000 price target. what i'm doing is making so people feel they can't take profit i don't want to do that. you'd be very wise to take some off here if you feel like that you need to lock in a gain i think you can go to 2,000. you know i'm negative. i've been saying pit people were jumping all over me and that's okay too. market is negative it's also market that can be easily impressed with stock down a great deal we have to keep learning and keep our eyes open on mad money, housing. let's keep talking about it. it's still hot i'm going to check in with the ceo, first time. the september slump is rearing its ugly head.

i'm finding bright spot by giving you a shopping list to buy on the way down. they are boring. boring is interesting right now. with covid cases continue to soar across the country, we got to go to dr. eric. he's the only guy i trust other than dr. gotley. they know the answers. stay with kramer i wonder how the firm's doing without its fearless leader. you sure you want to leave that all behind?

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market while there's still tremendous demand here, lately home builders have been plagued by supply problems, raw materials, logistic, labor costs. they're all out of control what does that mean for the companies that supply the home builders company i'm talking about builders first source the building of material space with the stock that's $20 last summer to $52 and change today let's check in with dave we got a better read on the business welcome to "mad money. >> great to be with you. because i want people to understand the combination of what you want, first i'm going to give a chance to describe and now you're like the big dog in the whole group. >> we are. we're excited about our

platform the company has been reconstituted with the bnc, bfs merger we operate across 39 states. we're in 84 of the top 100 about three quarters of our business is single family housing starts we're serving large production builders we're serving smaller custom and regional builders. we also have about 12% of our business in multi-family arena and about 12% in growing in the repair, remodel space. we got 27,000 every day. >> two issues. you deemed us. you know i'm a big believer in a secular bull market. the thing that's holding it up is supply. they just can't get enough dishwasher, can't get enough

windows. how did this happen in. >> great question. we have been living in this arena for 18 months, probably longer shortly before covid hit, the country locked down. we saw a real up tick in the diy business as well that coupled with our suppliers impact from covid as well. they started to step on the gas and accelerate their production capability many of them were hit with covid related allergies as well. you have all this coming together at this time last year and it just put a significant strain on the entire supply

chain. we're still living with that today. >> now, you're making some digitization initiatives can that help us this country is under homed? >> exactly we they will persist for a long time to come. we did a little research and found out there ant many industries that are digitized that home builders

we have 700 diners in our company that go to work every day and structural component design we see a huge opportunity there getting more official and taking that to our customers. a lot of manual hand offs and files were expected. helping that home buying process to be seamless we see a long runway in the next five years, we think there's a billion dollar opportunity for our business >> good because you're right i have to tell you to be honest, b deere has done some stuff. they are amazing in terms of

driver less tractors let's pick windows tell me why a commodity product made of the most available material in the world is in short supply >> i think it goes back do what i described earlier and whether it's windows or doors or lumber, we heard a lot about lumber. those supply chain challenges is impacted all facets of the supply chain try as they might, the suppliers are working hard to catch up get into the pandemic and the first quarter of last year in 2020, we had a million annualized single family housing starts for first time in 14 years. it's only gotten stronger since that point the supply chain wasn't ready. >> and raise rates to cool things down, what does that do >> i think over time we're

operating in an environment now where we're just bumping off the b bottom of low interest rates we're taking work off the job site and helping our builders with labor challenges and allowing them to be more official to deal with that we think labor challenges will pursue for a long time to come we think there's a long run way before the affordability gets out of whack obviously, there's a limtit i point back to the fall of 2018 we saw housing start slow a bit. we have millennials in the marketplace now. this is hugely underbuilt.

eng i think the interest rates will have to end. >> right now we're really strapped you have terrific vision you have a great handle of the whole group without trying to sell one housing group versus another. i got to thaink you for that. thank you for all that education. we need it >> thanks a lot, jim great to be with you coming up, gets real on reality. which reits should you trust

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. experience amazing at your lexus dealer. age before beauty?

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to be worried about this market. we have the troubled chinese real estate market, the banking sector, the potential for ugly earnings season. there's some disappointing numbers out there. we have the possibility of a federal reserve mandated slow down we have supply chain, inflation depending on how things play out in washington, we could be looking at another bruising debt ceiling. how do you prepare you need list of safety stocks to hold up that you can buy slowly that's what i'm doing tonight. what the heck can we consider safety stock in this environment. safety place by sky high costs plastic bags tonight i'm going focus on one particular group that can prove more durable in this

environment. i'm focused on something that i mentioned to my wife i was going to do. she was like why are you torturing people i have to try to help you make money. i'm talking about the real estate investment trust or reits. we know they have done well this year because investors like the whole real estate when they are concerned about inflation. if the market takes a more defensive posture over the next few weeks, i bet the reits could do better. that's why i produced a list of ten real estate investment trusts that i'm confidemfortabl with ten that i think are worth owning if your eyes glaze over here, i want do you get some visine. these are the stocks that we can buy that we successfully predicted here i'm going to start with my favorite cell tower reit once you put them up, you can lease the antenna space to tons of customers

171,000 internationally. stock has been a fabulous long term performer it's already up 30% this year to date the only problem is the stock had such a run the dividend has pulled 7 to 8% if you want more yield, i'll give you the second one. the domestic cell tower reit which we owned the stock slide to american

tower. i think you could be sold. you can pick either one of these. third now we have to talk retail the shopping center reits have been trading sideways. that's delta my favorite is simon property group. that owns the best malls in america. when simon reported, august numbers were spectacular operations mag nifnificent it's the cheaper it's been simon should please you. you can get name brand merchandise on the clheap i don't care that gives you confidences i know it's not 10%. now you have a 4.2% yield. that's very exciting every one in good and bad times

wants or need a bargain to some -- there you go she's got -- she has nothing to lose but her chains. terrific e-commerce. i've been recommending it for a long time. only 1.9% yield. it's one of those reits that gives you a great total return the stock won't quit that can be bought this is a bunch of data center real estate. that's where all the web services are hosted. this is the best of the group. right now it's 1.3%. it hit a new all time high earlier this month but now pull back 6%. i think it's a good entry point.

the yield is so small. it didn't last long when the last time they have a sell off then a three-day rally back to its highs. this thing is a buy into any meaningful pull back this has the best growth of the ones i'm talking about stock got crushed last year. covid very bad for business. they had to cut the dividend which did shock them this year made a come back she told a great story there's not a lot of senior housing being built. that's great for her business. it's still got 3.1% yield. i got to tell you, it would not surprise me if they raise the pay out back to where it was don't wait for that if you want to own the stock the stock will be much higher by then it's a god send.

it's called innovative industrial properties. it's a reit that's a landlord for the medical marijuana industry this is the only cannibas name we told you to get out at the 40s and 50s. every one got mad at me. this one no sell 2.61% yield. more importantly, being able to raise the pay out for six c consecutive quarters stop fooling around with the weed stocks. they're awful. this is the one to buy nineth is iron mountain. this used to focus on physical record stores. you hire them to sit on your papers since then they embraced the digital future.

star wood properties trust the real estate investment this is a leading of commercial real estate and infrastructure projects i trust the ceo. this thing has a 7.75% yield that would be a red flag no, i'm not worried. pay out rock solid something i rarely say that's rock solid. we're in a treacherous moment here i think it will get worse over the few weeks as i've been saying if you want to have that cash that i told you to have and put it to work, how about picking something with income. here is your list.

again, i know they're not interesting. the last thing we want right now is interesting arnold in pennsylvania arnold >> caller: booyah. first time caller. i love your show the stock i want to ask you about focuses on investing and managing residential aspects it's considered a real estate investment trust before the pandemic the high was 16 to $17 per share. march of 2020, the price of the stock has never recovered. it's still 30% below its high. i need your advice -- >> it's too much of a black box. these companies that are lending portion of real estate and agency and securities they own this is a recipe for reaching for yield that's a mistake watch tonight's show

i have every one of my ten i mentioned that is better than what you mentioned those companies have lost too much money we are in seasonally difficult month. it started today i said it's going to go lower. now i'm starting to give you ideas that you can buy into the weakness now you've got it. that's why i'm recommending safety stocks. this is my real estate investment trust list. many more coming up next week. they will get hit and go down. you can start buying it. mad money exclusive with dr. eric coming up we're now down -- we're like the 36 best. how pathetic how do we fight covid? don't my my exclusive. oil has been bubbling higher but what if it keeps on going stay with kramer

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covid cases finally coming down from the latest peak in all sort of employers man dating vaccinations after an fda advisory panel voted against the covid booster shot for most americans, but also emergency use for plus 65, what role will boosters play in our pandemic efforts should they be called boosters ever since the pandemic kicked off, the most trusted source in the country has been dr. eric topal. maybe dr. gotley

you should be reading everything he writes. his books are dynamite too welcome back >> great to be with you, jim >> all right give us the state of play. just tell us what's going on right, last time we got together, we talked about we didn't have flenough data for t third shots or also known as boosters pfizer was pushing them. since that time, the data has become abun dant and clear for anyone over age 50 pfizer full approval for booster shots and that's what considered at the fda advisory committee today. their proposal failed. there's not enough data for

every one age 16 to get a third shot right now what did happen after that vote went down was regrouping age 65 and people who are at high risk for severe covid that is what is they landed on as the final determination for the vote unanimous to go ahead. >> we like that. we think that's good >> yes it gives medical interpretation. if your doctor feels you're at high risk and also the work force of the health care, there are many people who would be considered at high risk. this is a good compromise. it's a moving target we're going to get more data out of israel, out of uk and other places eventually a lot more people are going to need these third shots. that was always part of the plan from the beginning >> i'm glad you mentioned israel we're seeing israel had the highest ever cases of covid,

worse than any previous surge, despite 8% of population with administered boosters. what is happening there? >> that's a really important point. a lot of people have the wrong impression of israel about how well they are vaccinated it's only 61%. not that much different pr the u.s. of 54% of their total population they got out of the gates fast and got people with their second dose really fast which as it turns out is the liability too because then there's also this waning that starts at four months the other thing is they have a lot of people unvaccinated they got a lot of people who have waned because they are more than four months and that's where they have seen one of the worst delta waves in the world it's starting to turn an now be that double hit of the waning plus leaning almost 40% of their people unvaccinated. >> wow that's much higher than we

realized. you are an accomplished doctor you put these up i'm thinking now with the medical professional has appointment and now i listen to the fda it seems almost alice and wonderland versus what you say. >> there's a will the of happy talk out there it's really not helping anybody. we got to have the hard truth. what it shows is we have more symptommatic infections starting around four to five months it's going to affect all the vaccines, eventually this was never really conceived as a two shot story. it was going to be three shots

>> he was saying you're too quick to -- i say i'll get vaccinated every year. he says be care. you can get an auto immune condition if you get too many boosters you can get hurt if you take too many boosters. >> we don't have any evidence at this point for their being this so-c so-called paradoxical effect we don't have any evidence for that hopefully that won't crop up.

it poses a higher challenge. >> is there any kwquantitative difference between pfizer and moderna? >> there's a difference in the anti-beened p anti-bodies produced there's about twofold more with moderna. the question is what about the length of time there's one new study this week about moderna that says it shows up by eight months this same time of waning maybe what is going on there is remember, there was an extra week of spacing and dose spacing is important pfizer with three week, moderna four that dose was over three times higher for moderna it probably, the waning probably starts later

moderna is putting in for is same third shot. >> i know they are waving me off but i have to ask this question. green pass okay everywhere in europe have it, can't get it. can't go to the movies can't go out to the grocery store. can't eat dinner it's a simple thing. they went from 30% vaccinated to about 75. they will go 100 you can't go anywhere without your green pass. why can't we do it simple solution. >> i don't understand it it would help so much for air travel, trains we really need that. >> i really appreciate it. what you're doing is so special. just keep it up. okay >> thanks so much.

your timing was exquiz it today. >> thank you you're the best. if you did one thing today, will you please follow him on twitter. just so you can be as educated as possible. "mad money" is back after this coming up, a storm is coming, so give us a call. we have the answers to all your burning questions. the lightning round is next. ♪ i'm a reporter for the new york times. if you just hold it like this. yeah. ♪ i love finding out things that other people don't want me to know. mm-hmm. [beep] i just wanted to say... ♪ find yourself in these situations and see who you are.

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it is time it's time for the lightning

round. are you ready? we're going to start with cordell in ohio. >> caller: thanks for having me online the stock i'm calling in is about a type of security i was wondering is this a buy, tltr >> it is a buy they have special technology i wish we knew all the contracts. scottie in indiana. >> caller: august what's your thoughts on lds. >> the only one you can buy is wynn it's 13 billion dollar to make it's crazy lvs has too much and anywhere else to speak of

angela >> caller: how you doing >> i'm all right how about you? >> caller: great for some short time me and my husband love your show >> thank you >> caller: we thank you for all that you do. really appreciate it my stock is clear way energy >> i like these guys it's got a good yield. i think it's safe. you got a good stock it's great choice. i always welcome to kind words appreciate it. >> caller: thank you i would like to know your

thoughts on energy traensfer. >> i can't believe they are still run by the same man. that is a shame. the conclusion of the lightning round. 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. ♪♪ 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. experience amazing at your lexus dealer.

saudi arabia has gotten this reserves at these levels

they're not sellers. i'm not so sure anymore. they got to these levels they would start drilling like cr crazy. they're not drill like crazy this time. today we got the shocker of shockers diamond back energy are doing a $2 billion buy back. what makes it so jaw dropping is diamond used to be the least disappointing. they are the last ones i expect to return capital shareholders we're seeing similar behavior, very very smart company.

their brilliant. they could use the profits to brill baby drill they are giving that money to you. it's a radical change that my lead to production shortfall that's all about supply. natural gas is much more expensive. you need lot of infrastructure to ship it overseas. these companies will all make fortunates look, this isn't -- this industry hasn't gotten capital we got a good example on

tuesday. some criticize this plan as green all about window dressing. i think that's dead wrong. jpmorgan suspending so much money on these green initiatives. what really matters is the best dividend record. it's very gootdd for the market none of this would matter. now it's publicly traded they need to entice the share how olders $75 billion in dividends that's staggering comes to the cost of reduced production those declines aren't being made up by any decreases. futures market might be saying that oil should come down in

next five years and it is. it's easy to imagine up died break doubt. don't be surprised if the oil and gas rally has more legs than i thought going into this month. i would like to see there's awl always a bull market somewhere i'll try to find it for you. see you monday the news starts now. there's breaking news now on cnbc first, we've just learned there's a verdict in the robert durst murder trial and we're expecting that verdict to be read at any moment. second, new developments in the disappearance of gabby petito the police are inside her boyfriend's home in florida right now. we'll go live to the scene in just a moment. and third, those covid booster shots the president's been talking about, they just hit another roadblock. th