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tweet me @jim cramer that's a essential question in this market. we got a serious supply chain snag that's pushing prices all over the place now i think productivity increases will trump price increases which will allow federal reserve to hold the interest rates low and allow stocks to go higher. right now we are seeing this big play out among some of the powerful people in the world the ceo of square reported better than expected quarter this evening dollars become worth to install. when ever you hear people using the term "hyper inflation," what they really mean is high

inflation. hyper-inflation is hyperbole it's high inflation is what they are worried about. we'll get high inflation and the fed will have to obliterate the economy. at the same time you got another cap that's polar opposite. rather than inflation, they're heading for deflation. the power of technology to keep on prices. she's weary the last time she thought inflation will take off and she's wrong. both extremes being too extreme. it's a mistake to focus on this big macro number i want to wrestle with the inflation verses the inflation debate by looking at what happens with individual companies in their stocks which is much more concrete and more important and could help make

you a lot of money today's companies reported making me feel les defendant in cathie wood's decision i always vote for 3m great track record 3m is still following the same plan the stock trade is unchanged despite strong organic growth and driven the stock up big in the morning. general electric was able to overcome higher cost, delivering excellent set of numbers the stock rallrallies nicely ge, very good for steel maker. still the vast majority looks good to me especially aerospace

service, although healthcare is really good. i am convinced new quarter will have a good year in 2022 though. the stock is $128 in the summer because prices will be up again. some other industrial put up terrific numbers and meant nothing to their stocks because wall street is so worried about rising cost, the all better company created bay united technology make up people are worried the real estate market is at the verge of collapse however, chinese property companies only have 3% of voters i think raytheon can bounce back inflation verses deflation plays

out all over the place, every single sector. take united parcel and eli lily. both report incredible number. if you remember the ceo in the last quarter, she promised there will be good numbers coming up people didn't believer her i think united parcel came down and helping chemoproducts lower. there is a ton that bet ups will lay an egg just like fedex did cash and dividends all incredibly strong a second day run so i would not take profits yet how about the controversial of eli lily it was down six and finished up nice three points. most people don't think of this one as an inflation story. that's wrong

alzheimer's, a disease that's causing a fortune, a horrible disease. lily can change that that gets me involved with a slew of brain doctors, count me a believer i was shocked that the stock didn't take off here but especially adding some good use of new dilations the doctors i work with about brains are excited about what lily's drugs does against alzheimer's. take them seriously, even wall street does not. the little rally is the one visible force that can make the feds tighten if it continues along with inflation and house ing and commodities. commodities can go into high prices for companies to boost production, that's something cathie will talk about

we got some good news from tech. microsoft shuts the lights out, azure, cloud business. that's extraordinary a fine number from amd some say knocking out of the park, high performance twitter's number was not exactly perfect. the one disappointment i see surprises me, that was alphabet. the cloud came in weaker than expected i hope it's not a turkey expectations got too high. we have seen this before when you put it together tech had a terrific night. that's good news for the cathie

woods contingency. going forward, we need more stories like ups and fewer stories like 3m. let's go to lenny in virginia. >> booyah, jim >> what's going on >> i have a few comments and a question about gap gap is excellent in the second quarter in august. rates down for the remainder of the second year. potential halo effect of overall sales. it was noted on the q-2 conference call that concerns are factored in their rate guidance the stock is down 62% from the 52-week high >> i am going to say yes these are doing well are they doing unbelievably well like costco? no i think you are buying gap at a

good price i think you are doing high-quality work. let's go to phil in new jersey >> hi, cramer, booyah. how are you? >> i am gloood, how are you >> my question for you is pertaining to blackrock. so i bought blackrock prior to pitch earnings and i know, you know, i had a nice run from earning. i am trying to figure out is this a good stock? >> listen to me, phil, i am going to vote for it next thursday this team is the cardinals they don't have any losses, it's really incredible. they got great receivers, they got a good tight-end

you want to stay along blackrock and if you want to buy some. how about anne in indiana? >> jim, thanks for taking my call >> oh, you are quite welcome >> yeah, we have seen snap and facebook's report. so is apple's privacy policy, we see how that's affecting our ad targeting. is this a red flag or an opportunity to buy snap at a discount >> i think snap isoverly discounted >> not all is bad. there is no doubt about it apple is on a path for its own customer we don't want it to be tracked the next generation is more positive for apple and less positive for the online. snap is coming down a lot though, it made people panic, i think the jury is out that we have very visibly between jack dorsey and cathie woods, we need to see more story about deflation and few stories about

rising cost. better than fear results, could this quarter be the push that the stock needs to break out i am going to talk the ceo oil is continuing to be higher could the rally running out of steam at the top >> top and bottom line beef for the third quarter sends the stocks soaring today i am breaking it down with the ceo to see if this is a new beginning, i am going to talk to the ceo. stay with me don't miss a second of "mad money," follow @jim cramer, have a question #madtweets, give us a call at 1-800-743-cnbc, miss something head to madmoney.cnbc.com. it if you really want it, by jimmy cliff ♪

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. here is a good question. how long will logitech international will be stuck in this they had a huge year in 2020 one of the biggest beneficiaries in the stay-at-home economy. they're up insane comparisons in 2021 that clincludes a nasty 7.5 decline today. the results were better than few. investors headed for the hills i didn't like theinventory number either. it does not help they are getting hit with supply chain. logitech is selling for 19 times earnings everyone even though the company needs to grow

keep taking market shares, most of them are important kcategory let's check in with the ceo of logitech welcome back to "mad money,". >> good to be here, jim. >> when i saw these numbers, these are good numbers the market is very tough can you explain to people which of your positives are secular grower >> i feel like a kid in a candy store. >> all collaborations have been moved for videos we are in there for work spaces, now they're working for hybrid we are in here for gaming which you and i have been talking about so many times. we are in there for streaming

creating, more and more hours are being spent on it. we are in a good position for secular growth >> let's pick on somebody to be sure we know what some of these sellers may be thinking about. >> sure. >> how about via collaboration is a miss? can people look at that? >> yes, for sure, i think where he we are negative verses a year ago we are more than double and we had really strong growth last year we shoulder kind of ahead of, we sold ahead of all yearlong and this year we'll bring it down as a start to promote some we feel good of the momentum that's happening >> we aggenerally say our cash

flow will look like our non-gap earnings this year is not quite that. the reason is we are putting more inventory a couple of things, we made some strategic bets from inventory and tough environment. and the second reason is, this big logistic slow down, i am sure a lot of people have talked about. that has basically kept product in the air freight can more than usual. and by the way, that's also going to rule out a little bit of impact. that may have lured people a little bit although our margins are really strong. we said we are going to have some impact of our margins going forward. two things you can have, predictability or cost for us is predictable and the logistic environment

>> all right, i give your stuff for the holidays i find your stuff, it's what everybody wants. kids are gamers. are you going to have everything we need? >> you know i think we are not immune to this supply chain as everybody has. we just gained a ton of share in gaming, we are up 6-point in market share gaining we'll have a lot of things to buy there. that's a big holiday thing we'll have a lot of stream so i think we'll have plenty for you to buy >> now, what's been left out of all of this and what i am really focus on is the need to have your kind of equipment when i go to net-universe. it requires logitech, how ready are you from that universe >> as i said to start off the show, i really love our positioning, our position is a

meta-verse positions whether you go into the office, can you imagine going to the office and not have a video in the room can you imagine doing audio calls after all this yeah, the meta-verse is what e are set up for >> gaming had no slow down i thought gaming was something we did during the pandemic when we were locked inside. >> well, last year during the pandemic, over 110 million views, it's going nowhere but up i don't think this is just a temporary trend that peaked during the pandemic. this is a long-term train, it will be the biggest collection sports in the world and bigger than anything i can think of we are kind of in the early innings here >> i could not agree more. i am just sprurprised i think your stock will be up

30%, 30 or under, a lot of people don't understand these games and don't understand how compelling it's. it's what people do for entertaining i think logitech is set up for it i think the stock is down enough, you have tons of cash, you can do whatever you want >> i am super excited of where we are i love, love to be the underdog. it takes me a lot of positions to get here. >> i like that you are the dog. bracken darrell, i wish you the best of lock, the ceo of logitech >> thank you, jim. >> you heard him, he's the underdog, "mad money" is back after the break. coming up, extra, extra! read all about it. cramer looking at the market's bubbly crude next

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right now is at the top. markets are inflation. the most important component of inflation is skyrocketing energy price. that's a huge pause for the economy. i know this is a widespread sensitive place that'll continue endlessly. oil move is unstoppable. a lot of people talk about $100 o oil. they think this rally can go why? larry written more than a dozen books and created a ton of his own. i keep on coming back to his

work that includes the bollestdest iv ever seen with larry i bring this up because william has a bold call. you better focus this because he's looking for the top crude oil. why? it's all abouthistorical data and he's i mperical take a look at this. the red line shows you the long/short position of commercial hedgers and they show you what's small speculators and larger speculators and commercial headers are doing with their oil

future i think correctly commercials have the best understanding of the energy markets these are the people vofred in the day-to-day t they're not gambling but you need to know who's the driving force behind these contracts. in the situation we are opening when it's rising, commercial hedgers are lighting up on their positions. well, that tells you williams that knenew buyers probably can. when the black line goes up while the red line is going down, that's a sign that oil is about to peak. that pattern happens four times. four time in 2012 through 2014, now look at the same data for 2021 look at this it's the same pattern. the exact same pattern commercial hedgers, okay red. they are unloading our future

while hedge funds and home gamers have been buying. you see the red going down this is precisely where we get before we hit a peak before. we are trying to think what's going on in the future this is the william -- this is the leading indicator. that's a very strong one, will william cotsi, i want you to check this out with the real valve valuation tool it tells you when a commodity is gottgo gottgotten over bought or sold.

meanwhile when it comes to the seasonal patpattern, the trend not your friend at this time take a look at williams. in normal year we get a season peak sometimes injun, i am sorry, in july oil has been able to buck this season pattern with the price of food roaring at a time it goes lower. going forward, william expects a seasonal pattern to resurface itself so far it has been phenomenaly what about non seasonal pattern? take a look at this chart shows the price of food verses the forecast based on the dollar index in red when the dollar gets stronger, oil gets weaker, you can buy a lot more oil with the same amount of dollar according to williams, the dollar index leads crude about 33 weeks if you go based on that correlation, it's forecasting a

decline in oil this is 33 weeks it's going to change direction because this is going down the red is the leap. >> he finds the price of crude round trip is every 57 days or left this 57 days cycle is going for a top right here a lot of evidence, is it speculations keep onramping up and according to williams' i ind indicator, oil gets overbought you can see oil is trending higher when will that change? take a look. the red line shows you when a trend is changing. as lodge as this line is

underneath the price of oil well then is bullished and all the other charts may not be right. we are not quite there yet he needs to see it go down and then it's over the bottom line suggests that oil could have a lot of they thinks going against it. if it's not quite ready to peak the next couple of days but let's see. going forward you need to be cautious of what has become the easiest trades in the book the one that says crude will continue to rise joe in florida, joe! >> hi jim, himy son i have to d the booyah >> thank you, thank you, what's going on >> you have been high on the energy stock lately. so, chevron and others >> right, i like chevron and pioneer and i like davin

>> go ahead. >> i heard you mentioned bp and petroleum which i own. >> bp is good. if oil goes down, you should trim some bp i am in the mood of getting rid of bp over the trade of 30 >> let's go to jack in new jersey >> hey, what's up cramer, how are you doing, buddy >> i am doing good, how are you? >> pretty good, pretty good. i know exexon. exxon is 19 megaoil, when do you think we'll see this and their numbers and another thing also that chevron and exxon -- do you think they'll merge? >> new yoo, they won't merge.

we don't know what's going to happen with that company >> let's go to judah in maryland, please >> booyah, jim, how is it going? >> delloing well. st >> today i am calling about eog. today it costs $95, do you think i should buy more? >> no, i want you to buy more. its got a lot of crude which is what you want here i don't think you should buy more i think if the stock trends over 100, you want to go in the other direction. the charges interpreted by the legendary technician larry williams suggest that the oil rally could be on its last leg, contrary to what everybody feels. itmay not be quite ready to peak just yet. chart thinks you need to bet cautious of crude going forward. i think that makes sense, much more "mad money" ahead including

my inclusive with santeen, i am talking with the ceo there is one new pieces of facebook's puzzle that could be criticized i could be the biggest and tonight's edition of "the lightning round," stay with cramer i just became eligible for medicare and, can i say? it's so overwhelming. a, b, c, d - all the different plans and all those stacks of mail? i didn't know where to start. then i called humana, and they helped make everything simpler. i talked to a real live agent who treated me like a real live person. she was kind, patient, and she took the time to get to know me and answer all my questions. she told me that an

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over the last couple of weeks, stocks are closing higher while you hear a lot of high growth tech names, you know the usual, we are seeing big gains and more slow and steady in expensive stocks

take santeen this stock has jumped nearly 15% including a 4.4% today >> centene's stock got the cheapest does that mean it's profits or just the beginning of a larger move nowthe stoke broken at $70. let's talk to the ceo of centene. welcome back to "mad money." >> great to be here, jim how are you? >> great, the last time you were on, you talked about the idea that acquisitions have slow down and you adon't need cash. is this a beginning where you expect a giant return back to sh shareholders because of all the

good buys you made >> we need critical mass in this business, acquisition what i say we need to get to $125 billion company. now it's time to -- the cash flow is some one time issue. cash flow is strong and matrix is strong. it's a clean quarter, it's where we want to get through >> you often talk about technology and how you have the edge it was so great and in the conference call, you talked about, you give examples of ai and what it means to keep cost down it takes going for a chart verses ai. i think you tell our viewers they really understand, why technology is keeping the cost of healthcare of centene down. >> one of the examples i used was it takes 18 minutes to go through a chart to preauthorize it

we h we have used ai and with the algorithm that we develop in one second faster than a doctor can type in a request, we can say yes. about two-thirds of all requests are approved it's putting the nurses to work the things they like to do instead of the chart leaders >> i thought that was incredible i am sure there are many examples but certainly clears that the idea that you can't make money serving the let's call the -- there is as huge percentage of people in this country who have not been able to have the advantages and not have the opportunities and they deserve good healthcare. it's clear that centene is delivering that healthcare to them you should be proud of that.

you have to use every single means to keep these prices low for people how are you able to do it in scale? >> i think they uses this is system and the technology you have is so important it all serves as quality anyone can receive care this way, we expect the highest quality with dignity and respect. you do it the first time and do it the right way we are dealing the most vulnerable population and we need workers in this ese days ad age and it has to be healthy and we know it >> another thing you did, there is so much wishy-washy about vaccine mandates it's a public health issue for heaven's sake.

>> i am going to do the right thing. the right thing is to protect those thatcan't be immunized and protect the young children that can't be immunized. the only way we'll get through this thing is to have everyone vaccinated that's what we are doing we are saying it's absolutely, everyone that can't be vaccinated should be and you know we are in healthcare if we are not going to do it, who is >> are we through the vast majority of this terrible pandemic >> i am worried, we still have a lot of people that's not vaccinated which creates a host of problems. if it continues, it's going to get worse and the vaccines we have now may not work on it. i am pray that we are threw it and i hope we are.

>> this is not a secular issue it's not an under class. it's not about red or blue it's about saving lives. you make it very clear you are great for the health business >> i want to add, let's listen to the scientists. this is the safest vaccines we have developed >> yes, very much so safer than the polio shot i took a while ago. >> neidorff, thank you >> glreat to see you. >> "mad money" is back after a break.

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it's time, it's time for "the lightning round." are you ready? >> tony! >> booyah from south florida >> wow, what's up? >> noingthing much >> investment club >> thank you, we are trying so

hard to do a good job for you, we appreciate it >> another thing i want to thank you is most people want to make money of something and you really want to teach it. >> i said that in mexico city. my goal is to teach and i want to do well for everybody let me do well for you, what are you thinking >> i am a dog lover and i have dogs and my daughter has dogs. we both use chewy, now it's coming back up >> we use it too good for toys, stock is down 24% for the year i like it. i think you should buy more. it's in good shape >> let's go to jared in washington, jared. >> booyah, jim. >> what is your take on a digital consultant on

perficient >> yeah, it's very red hot, we have too many of these that's mean and mean and been around for a long time i know you need to go to ithicar in florida >> booyah, jim >> oh, it's so good to talk to you, jim i need your opinion on a berkshire hathaway b >> you are never going to go wrong of buying the share of berkshire hathaway >> huge cash flow and a lot of great brands i want you to stay on that stock. >> karen in virginia karen. >> hi jim, how are you >> i am good, how are you? >> i am wonder full. >> i need some guidance on tmc after i bought it, it tanked

>> canadian company, i don't have much maturity that is going to be. we are starting to see companies get shaken out i don't want to be in that company. let's go to dave >> jim, how are you doing? happy day. >> lev >> lion electric >> now we are seeing the shake out. the shake out says be careful with these names even you have to be careful with -- we'll hold back everybody wants tesla and it's taking all the money from the group. let's go to greg in georgia. >> i am calling about a tech company, they are partnered with

best buy and lowe's. it's in the low 40s. i am talking about pride prod. >> holdings. >> i am sorry, i don't know about that >> let's go to matt right now. >> i have a question about mvst? >> we are not buying any of these. it will have an opportunity to lighten up let's go to joe in north carolina, let's go, joe! >> all right, i was talking about pharmaceuticals.

>> that's the only cannabis company that's going to get the recognition. i don't see a federal company legalizing cannabis like they could. i like jazz. that's a good move >> jared in north carolina >> hey, jim, thank you for taking my call >> plow company out of wilmington syntax spbase i want to get your take on ncino. >> ncino is a winner i want you to buy ncino. that, ladies and gentlemen, it's the conclusion of "the lightning round. "the lightning round" is sponsored by td ameritrade

>> coming up, stick with cramer for a special no huddle. next

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you do not need me to spell out all the reasons that facebook is getting hammered instead, i want to talk about something positive they got going on assuming that mark zuckerberg can deliver we don't know what the metaverse looks like it sounds like something out of the "matrix," right? thursday is holding their connect meta-verse event where zuckerberg will show us his version of what the metaverse will look like what do we need to hear on thursday i want to talk about safety. facebook need to reassure that

they are getting proactive of pr preventing people from the platform i don't know how they can make the platform safe or safer until we see a big push here, i know it's fwgoing to be tough. stock at 315 playing with the house's money what i care about is the new and glorious metaverse itself. it could be the biggest force in tech on thursday, i am not kidding. how you will be able to get together with your favorite artist and writers and past and future in a virtual room it's not that much of a leap to imagine that not you but your avatar can play with lebron or kobe, some sort of virtual nb

deceased game. i want to play with my wife because she plays a mean game. i want to be in the aim same ro. >> my wife and i sponsored a baby heart funds, we work hard to pay tuition for doctors to learn how to do these transplants but they can't practice on real babies, in the metaverse, they can practice on ones on the commerce side, we are talking about virtual malls where you can try these things and get feeds from friends and family i want to use this technology to experience all over the world, maybe learn how to use a car or build a house or put on a cream.

to make all of this happen, we need major players like facebook to back off developers, they have to keep prices low so other companies have incentives. this will not work without literally i think millions of creators it's that big, people, it's that big. now, if all these market, i am sure gaming is the biggest we already have virtual reality games, technology have never taken off. the metaverse is going to definitely change that i think you will feel mighty sh silly in response to the stock i believe they can do it i know this metaverse stuff sounds like in the sky but when so many are telling me

on thursday if zuckerberg spells out what it is, but if he presents it right, you will want to be in it. >> i promise to find it for you right here on "mad money," i am jim cramer covid shots for young kids next week. tonight it's looking good. i'm shepard smith. this is "the news" on cnbc. covid gave-changers, advisers to the fda vote to recommend pfizer's vaccine for kids. >> it's pretty clear to me that the benefits do outweigh the risks. >> but will parents follow through? >> today is definitely a washout. >> strong winds, flooding rain, a nor'easter roars up the coast while the midwest faces the threat of tornadoes. we're tracking the storms. scandal rocks th