just look like it double bottomed at 69 >> all right the shake shack up 7% after hours. and guy? >> love brian's interview. tellurian, t-e-l-l. >> all right, traveling

market edge puts this oscillator and it comes out every night i pay for it which measures buying and selling pressure in the market as it moves toward the positive, be careful that means there's too much bullishness. mirror image of the downside the sellings become too severe ever since the dppandemic began we have known one thing about

sell offs. when it trades to minus five, it's like a magnet we final lay got it over sold. how long can the strength last here's the bottom line i don't see much on the calendar that could derail the bull until friday when we get to the super price index number, which i expect to be red hot in this market, four days is a lifetime for traders, today was a bird in a hand maybe two in the bush comes next week let's go to stephano in new york. >> caller: loving being a member of the investment club >> yes >> caller: so good so good. >> thank you >> caller: 2021 has been an issue of supply chain issues we seen it all especially

retailers that have reported this specific retailer has opinionbeen to control their own up supply chain issues what is going on with walmart stock? >> you know, you're a member of the investment club, we'll do a thorough vetting of this stock on our thursday club call. i find the action is more disappointing than the actual company which i think is doing fairly well. that said, i mean you'll be seeing a new thing new video with my colleagues you'll see me literally kick myself because i was so upset that i didn't let more walmart go when it was in the high 140s. thank you for the time i think the strength will last this week. it's nothing until friday to derail the bull. i know that sounds like a short term but it's a lifetime for some people. the turbo charge cloud stocks have hit the breaks. what bought the cloud stocks

down to earth. i'm piecing apart the action over the last month so you can make the best decisions. now the damage is done is it time to start picking among the rubble i'll give you some of my takes cnbc revealed, highlighting 50 stocks that are most important to gen z and millennials i'll take a closer look. stay with cramer don't miss a second of "mad money. have question, tweet cramer. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. machin hey lily, i need a new wireless plan for my business, but all my employees need something different.

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. last couple of weeks have been brutal. we kept hearing this meltdown described as a risk off market i think it misses the most important dynamics and it confuses you what we're really dealing with are several concurrent -- you have the total break down in the pandemic place or the decapitation of docusign it's accelerated you have the ipos from the class of 2021. almost all but your struggling they came in way too high. we ahead a record number of deals and that always ends badly. you have the chinese stocks that's opinion slow motion drain wreck. new rules for finally formalized of many chinese stocks that don't comply with u.s.

regulations. bitcoin down 25% from the highest in a month you have some specific retailers that are being strangled by supply chain i'm talking about the stocks, most of which are cloud based software names they trade at sky hoi prices to sales. sales. they have no earnings. this isthe group that is worth focusing on. you know, i've been a huge fan of cloud companies for ages.

many of these businesses are putting up excellent numbers tonight, i want to take some time to do a cloud damage assessment you need to understand why this is happening and how much worse it can get before you start picking at these stocks. then i want to help you pick the best ones to circle the wagons around at the lower level. the cloud is not dead at all but the stock is getting over done first, let's talk about how we got here you have to understand we're dealing with a sector rotation some has to do with inflation worries. there's few things more lethal than high flying growth stocks than inflation these stocks are known aslong dated assets that trade on their earnings prospects many years down the road inflation reerodes the purchasi power of the earnings money managers know what to do they turn against these stocks

plus now investors are worried the fed will tighten sooner than expected it's putting enormous purchase on this entire market. speculative assets tend to trade together they have the same shareholders. that's why you hear the risk off talk all this has create add dynamic where investors are eager to sell later in this kind of environment money managers tend to

accentuate the negative. it doesn't help there's been a couple of ugly quarters. docusign delivered a hideous disappointment last week and the stock got cut in half. even in these, stocks remain down from the highs. here is what we go, we'll soom in and assess the damage we put together 50 names you have the cloud kings, salesforce and workday add another 26 stocks which brings the total to 38

putting ipos like apple. when you look at all the cloud stocks, all 50, as of friday night, all but one were down more than 10% from their highs all but one. on average they were down nearly 33%. median down 29%. a full 72% of these 50 cloud stocks were an official bear market turn within a bull market meaning they are down more than 20%. that's amazing half of them are down 30%. 30 of them are down 40%. 50 have been virtually cut in half the biggest losers are -- thai stuff is so good

the four biggest losers all made their 52-week high in january or february their stocks like zoom were huge pandemic winners in 2020 then pummelled back to earth as the world started returning back to normal monday, lost 39% for no reason crowd strike is down 34% less than four weeks these are incredible bear market moves. only 34 of the 50 cloud stocks we go are expected to turn a profit this year nearly all remain expensive.

only 13 trade at 100 times less earnings that's crazy those have held up bet we are the median down 17% from the peak still nothing to write home about. what we care about are the price to sales rae hoe that's how they have been valued they are trading around 18 times sales. the ones with cheaper valuation have higher valuation. the most expensive aren't doing that much worse than the ones that traded 20 to 30 times sales because the most expensive ones tend to have better stories. the bot tom line, the cloud stocks have been eviscerated i'm digging these cloud

stocks and saying is this the beginning of the cloud sell or maybe it's near the end. i'm getting and see fg any of names that made the index could be worth on it or look at it i'm taking a look and what it means for your port groel. stay with cross-claimer. the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction

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before the break we gave you a much needed damage assessment. the cloud stocks which we talk about endlessly. it was the week in the entire stock market the same thing happened last week and the group still had another monster leg down when will the cloud stocks find bottom and will it be found this way. we don't want that let's turn to history. i think that's our best in particular i want to powfocus on the last great meltdown that's the best way to find clues. for those of you that don't

remember the fourth quarter we got hit with the market wide sell off roughly 20% from peak it was really ugly over the same period the nasdaq was 24% of its value there was such horrible bear market action. i remember calling into the judge's show one day and saying to one who was really saying the market was much lower, enough, enough it was that ugly back in 2018 we got a one-two punch that sent the market into a tail spin. former vice president pence gave a very aggressive speesh just a few days earlier jay powell made some hawkish statements he said he was going to over shoot as long as it meant with crushed inflation.

they done it three times already in 2018 that's too quick, too fast powell told us to accept block rate hikes. on average the 33 cloud stocks plunged 35.5% from peak to trough listen, as of friday's close we already seen the cloud stocks

tumble 33% from their highs this time around. now looking back, that 2018 meltdown turned tout be an incredible buying opportunity with a few notable exceptions. roughly, half of these cloud names have doubled or more from their 2018 highs it's the company known as survey monkey for the most part, buying the dip made sense but you had to be selective and some of these flamed out by early january he eplaced it

powell started cutting interest r rates. we have real inflation now. the price target and levels where the cloud stocks became more attractive. this could help us, right. many of them have valuations 18 of 50 names have single sales price ratio which i have no problem with

if up to start picking among rubble, these have come down enough to help buying very gradually. these stocks trade based on what's known as the at years we should look at the 2023 sales. in a month, 2023 will be next year on those numbers, there are eight that sell for less than times sells. very guide long term prospects these are the ones i like. what about the more expensive col clouds names they can be viable down about 10%.

adobe is a bad fit for this method because it trades on earnings these are very expensive some of these like uil past are 23 seams times other are less than 10%. crowd strike, all last week. how about the 30 to 40 times roughly to 20 to 30 estimates. you probably don't want to pay more than 20 times sales for even some of the strongest cloud stocks in that case mongo db we need to sink about 5% to reach the level based on 2023 estimates. it's climbing higher for the close. unity, which i know i like much. it's got to fall 11% that's after it was down 12%

just today it's nice to even think about them being and spitting distance of 20 times sales. finally, they're the highest flyers the ones that trade at more than 40 times sales snow flake and cloud flair let's say they have to sink to 30 times sales there's not much downside let. it's still more downside we're likely the sell off isn't over i think there could be one more swoon. pick out your favorites and wait for them to sink to even more reasonable levels and reasonable levels at all for others before you start buying much more mad money ahead.

i'm taking a closer look at the names. covid continues to wreak havoc across the country i'm discussing a new concept that might help against the buyers tonight is the lightning round stay with cramer i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. whose resumes on indeed match your job criteria. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work.

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it includes most moves you got to love this list. this is a new index of stocks. stst a perfect combination of senior growth stocks that can be seen as steady winners that can sink or swim this will end and when that happens, you need to have your shopping list ready so you can pounce that's why i want to give you my

top five junior and senior growth stocks from this unbelievably great cnbc of 50. it's all the companies that we love it's all the companies that you talk about with your friends amazon web service s taking over the rest of the world with this incredible cloud infrastructure business i like the devices known as alexa and amazon prime their advertising business is growing so rapidly it could rival the web services interms -- in terms of profitability. no cigarette, alphabet the artist formaforformerly known as google

they didn't must have money to monetize that's a high quality problem. watch google cloud take off. fie near doesn't have much in the way of meaningful competition. millennial want electric vehicles tesla is the only one making them at scale. that's the keyword, scale. it's pulled back hard from its highs a month ago. i think it's got a lot of upside i think cyber security is one of the great growth stories in the world. nobody saw this change coming faster ceo who has turned palo

alto into a powerhouse i know when stocks go down you hear opportunity take it from me, this is rare break in that stocks price fifth and final seep your growth name, how could i not mention that we keep hearing they told their soup pliers they don't need anymore chips because sales are ugly that's possible. the first rule is you don't talk about apple saup ply club. given the improvement, i'm skeptical and judging by the stock's rally, maybe the market is coming down my point of view. how about the junior growth. this somewhere it gets really

interesting. lot of these are uber junior this is tough to choose from the junior growth has been ob lit rated. i always want to find next tesla, don't you now the target investigation to merger with the spac to become public t the federal government isn't giving them the supply they need they don't have the support. they need nationwide gamble and they need nationwide use of cannibas not getting it now i prefer things to be the other way around i see some potential in dutch bros

that's brs it's regional to national. you see starbucks. today it have fantastic. this could be next starbucks but it's early uber and lyft are millennial favorites. there's health care names that could be interesting they'll never be huge. that's what i'm looking for. there's some exciting stories that could be gigantic winners let me give you my five favorites. roblox makes it easy for users to create their own content and share with friends i'm a big fan of ceo david i think you need to treat any further weakness as a buying opportunity. it's a gift. next up, we keep hearing that

retailers don't have enough i venn -- inventory. you know who don't have that problem? it's a company called etsy social security more visible place where younger people like to buy presents that are more environmentally friendly they like the connection with the creator too. don't buy etsy if you're looking for a smooth ride. it's always bumpy. i like air bnb this is an interest moment it's another pandemic play made good it's getting better and better and not thought about it enough. what a nice rally for that one

today. we keep hear when you own an electric car, you still plugging into a natural gas square. i heard that this week what if it's end phase products that help you charge at home in solar energy into electricity. doesn't hurt they are gigantic cash credit for this stuff i think it's the only solar stock that's in it if the long haul i know they're not that good i want them. there's two junior growth fin tech upstart which uses artificial intelligence. the one i like the most is a firm - affirm it's taking the financial world by storm they distrust the credit card industry they have tight knit relationships, including amazon. they want to destroy credit card

and replace them with something more honest. something with no hissedden fee. it comes off as a financial rebel because the younger generation always wants to challenge the man, at least until they become the old generation and they like the man. are these junior growth stocks the most lucrative or the fastest growing? no i think they have the biggest total addressable market and the greatest customer loyalty. something that is vanishingly rare to find among customers if you want something forward thinking, i want you to stick with amazon, alphabet, at least and apple for the senior growth. roblox, etsy or affirm if you want something higher risk, higher reward, classic junior growth creations stay with cramer

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automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. it is time then the lightning round are you ready? tom in new jersey. tom. >> caller: hey, jimmy. >> good to have you. what's up? >> caller: i love you. i'm a member of your investment club i think my stock got struck by lightning. my stock is penn national

gaming >> it's been crushed it's down more than 40%. we're in the height of the gambling season coming up. draft kings and penn may go down later. i think to sell them is a mistake. they're bad but to sell is a police take t-- mistake kenny. >> caller: you are the man >> i try to be the man what's going on? >> caller: gsk >> a 5% yields it's trying to bring out value i think it's doing okay. not great, not bad it's all right to own. income is important. richard in new jersey. richard! >> caller: hey, jim. how are you? >> i'm good. how are you? >> caller: good. love your show love your intelligence >> i'm trying. >> caller: more people on wall street like you. very quickly, i follow the asana

from 93 to 145 any idea or forecast >> i think people are saying, it's too expensive versus salesforce salesforce did okay. let's own salesforce and not that one that's been the way this market is working i want to go to michael in florida. michael. >> caller: what's going on >> i don't know. how about you? >> caller: i was just wondering if dock -- dox going to go up? >> i like it we're trying to find footing for these. they are very expensive stocks they're closer to the bottom let's go to john in michigan john >> caller: hey, jim. i bought the stock that you recommended at 13 and now it's

at 16. >> my place has not been on since the stock was at four bucks. tg, nothing is really wrong. they have done okay. they've got some price target cuts they've made a couple of mistakes let's get mike back on he's the season guy who used to work on wall street. how about we go to scott in north carolina scott. >> caller: thank you for helping us reach the little guy. >> what's going on >> caller: i bought plug power here in the 30s. short interest is running about 90%. did i do the right thing >> it's part of our next gen 50. plug power needs a better rate environment. it needs interest rates to go down for it to go higher we don't have that right now i'm not going to sell you to

sell plug power. i think you can sell it in the 40s for a trade. that's the conclusion of the lightning round. america's incomplete response to the vaccination could be putting your held and money in peril are we moving on any way cramer tackles this risky business, next machin so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim trading™ is right there with you. to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right on the platform. because we take trading as seriously as you do. thinkorswim trading™ from td ameritrade. [voya mnemonic] my retirement plan with voya keeps me moving forward... even after paying for this. love you, sweetheart

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. we learned that 17 people on

norweigan cruise line came down with covid, includie ing one suspected omicron case you might say, here we go gain a cruise ship with 3,000 passengers, what do you think would happen i say not so fast. the ceo has opinion very aggressive about vaccinations. you can't work on his ship or board one unless you are fully immunized and tested negative. we have stoart lowering our expectations many anti-vaxers are digging in their heels. the vaccine can only accomplish so much especially if you haven't had your booster maybe the market is starting to wake up to this realization which is why norweigan stock jumped i think our government has done a very bad job with messaging. i can imagine pfizer and moderna coming forward and saying we should never have prepared the

vaccine for two shot regimen that was wrong they didn't realize how quickly their vaccine would lose effectiveness. they didn't know was there really way to tell a booster can jack up your protection in 95%, but will people still listen? authorities are telling you to get a booster, it would have been much better if we had known this was three shot regimen from the beginning. i think we should all be thinking about a new concept here is the concept i want to drill in your head it's the concept of acceptable risk of covid. if you're going an cruise ship and stopping in poor countries with low vaccination rate, you have to presume there's a degree of risk. if you're not comfortable with that, stay home. sure it could be terrific if we could identify the most immunocompromised people that would be a violation of patient-privacy. the only way this works is if we

vaccinate every one and develop herd immunity. it feels like our approach to pack up. we run anti-strong smoking campaign we haven't banned them if you going the smoke, you have to accept the risk of cancer i think covid will turn tout be similar. you either get vaccinated or going forward you accept the risk of hospitalization or death. if this virus becomes indemic, we'll have to learn how to live with it and move on as best we can. worse case, you're much less likely to catch a cold some may insist that all guests be vaccinated and can make you take a test which i think is the right call the president's messaging needs to change. biden should say you can help

min nimize your chance of gettig sick by the vaccine can't e rads ind rad indicate unless especially one takes it let's move on, take your vaccine. see you tomorrow the news starts now. see you tomorrow "the news with shepard smith" starts now no vax, no restaurant, no store, no back to work i'm shepard smith. this is "the news" on cnbc covid omicron leading to new restrictions and sweeping vaccine mandates >> we're going to do this so that every employer is on a level playing field. one universal standard starting december 27th. >> the rules and the backlash. >> there will not be contributing to the fanfare of the games. >> the white house snubbing beijing announcing a diplomatic boycott of the games