thing she does is magic. how about that, guy? [ laughter ] >> jeff? >> as i said earlier, i would fade this big move in roku i just think the growth is going to be challenged the stock is too expensive where it is. >> is the invisible so in crypto. thanks for watching. i am 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. just trying to make you some money. call me at 1-800-743-cnbc or tweet me @jimcramer. know something wall street can be a pretty darn negative place [ boos ] there's always that something

that scares you into selling stocks when maybe you should be including today. dow only advanced 35 points. nasdaq jumped 0.64%. we learned this morning that pfizer can keep you from getting sick especially with omicron overtaking the more deadly delta variant as the dominant strain in the world over. [ applause ] you think that would be terrific news, right? [ "hallelujah" ] not if you work on wall street raise interest rates to tamp down inflation take covid away, and then the fed becomes a lot less friendly. now, some of you may be wondering why the fed raises rates at all why would they deliberately make

the economy worse? you know what? that is actually a legitimate question we all gloss over it way too much here. but it's got a clear answer. they do it because they want to stamp out inflation that would otherwise wreck your personal power, make difficult to retire. walking a tightrope between a healthy job market and stable prices well, i'm a lot more in favor of easy money than most commentators, i'm not going to pretend that inflation's still a big deal made it borderline impossible for business and wasted everybody's savings, disasters can often bring on things that we don't even want to think about. when the economy's weak, they can give us a boost by keeping rates low. but when the economy's strong like it is now and there's minimal inflation meaning prices aren't rising like crazy, they can sit on their hands and leave rates unchanged. jay powell wants to create as many jobs as possible. he said that many times.

but if inflation is no longer transitory, and that was his word, if it's getting embedded into the system and the economy's doing great with very low unemployment, then the fed just can't stand pat powell just told us that he's retiring the word transitory from the lexicon which means sooner or later he's going to have to bring the pain on and that's why good news is suddenly treated as bad news by the stock market for wall street the end of the pandemic mean the fed has to tighten more aggressive eyely. and that's why we got not much of a rally despite this great omicron news now i've never liked this kind of thinking. after spending 40 years in this business i've learned how to be an optimist. why? well, think about it because when i got my start the dow was at 1,000 now it's at 35,000 if i allowed every rate hike to scare me out of the stock market, and i have seen many of them, my old hedge fund would

never have gotten off the ground, and i wouldn't have been able to have this job and the good life i've had because i've managed to put a lot of money into the stock market in the old days and i think that it's pretty clear that 1,000 and 35,000 is a pretty darn good trajectory. so here's how i view the pandemic from a stock market perspective. you need to take the good with the bad. commerce is improving and the world is getting healthier the bad, by no means outweighs the good here. in the early stages of a rate hike -- of a cycle, the first tend to be greeted with some positivity because the fed endures the strength of the economy. people like to say the fed is saying good things, as long as you have that mindset that you can view what's coming with a clear head now let's go what can cause other speed bumps. first is friday when we get the consumer price index numbers this drives me crazy even more than i already am. how do these tenned to be

totally disconnected from economy? i bet this time will be no different, but it'll be jarring no matter what within seconds of the cpi data coming out, we're going to be hearing that the fed is not just going to taper, but they're going to start raising rates and they're going to raise them asap and that will sound scary. you need to keep a cool head for starters high inflation numbers come from oil and gas prices, both of which have come down big from their highs. car prices keep rising and i don't know how to fix that without solving the semiconductor shortage we're going to talk to ford tomorrow and you're going to hear that again. there's a high demand of orders as people fear mass transit because of the pandemic and low carb production because they can't get all the semiconductors that they need to finish them. the fed will tamp down demand. we go through this every month second worry, we don't go through this every month

ukraine. you know that the russian government's decided something has to be done, something about ukraine, which vladimir putin increasingly views as a nato outpost. he's willing to send the army to get his way. putin's building up troops along the border it's hard to predict what autocrats will do. but there's a real chance he invades. wall street would hate appeasement because i doubt our government or the e.u. will accept that. and you never want a situation where nuclear powers will go head to head i won't tell you to buy stocks in international turmoil until i see the response if russia invades ukraine, the stock market's going to get hit. does it make sense to sell stocks ahead of this prospective event? well, here's what i'm doing, we've raised a little cash from some very big wins

if stocks get hit off of geopolitical worries or hyperinflation fears, yes, it could be a buying opportunity. but did we sell because we're truly worried about that stuff no took some profits because they were right to take i'm an optimist. i've watched the dow go from 1 ins to 35,000 in the course of my professional lifetime i am concerned but i'm not worried. but we've raised some cash i anticipate panic when other people get worried, stoke fear in the media and i felt that bulls make money, bears make money, but hogs i do not like inflation but could be unpleasant further down the road i don't think rate hikes can do much more supplied bottlenecks i accept that the fed may need to break the cycle of price increases for all sorts of goods and services the only way they can do that is

with that blunt instrument of higher interest rates. bottom line here, as long as jay powell doesn't threaten us with a series of lockstep rate hikes. that's the worst as long as you recognize that some of this inflation is indeed transitory, not all of it, some, then i think we're going to get some great buying opportunities. santa claus rally. [ "hallelujah" ] vinnie from my home state new jersey, vinnie >> hi, jim, thanks for taking my call >> of course >> i just wanted to check in with you on amd. i know you took some profits last week, and i've been following amd for about five years now. and they seem to be doing a good job there. my question for you today, if you could, what are your feelings about amd going forward? and do you think today is -- or some time very soon? >> vinnie, you're absolutely right. we took a little for the travel

trust off. but that was because we were being pigs we've had such a big gain in this the stock is up 58% this year. we've had it for a while i think that it was actually the right thing to do because it gives us the room to buy some back if it does have some sort of 10 to 15% drop. it won't be based on what lisa sue's doing. she's doing a remarkable job based on fear in the stock market bryce in arizona >> boo-ya, jim i appreciate what you do >> thank you >> what i'm calling about, they have a great moat around their business they seem to dominate in this space. the current pd ratio is a lot higher than what it's averaged in the past. so, with that said, is it time to add to my position or wait?

stock is lindy, ticker lin >> we're going to have a call tomorrow on the travel trust of the investing club the stock went up. this is what's industrial gas company. we've had them on. a new ceo is to be coming. but this is a company that is integral to everything from hydrogen to oxygen, from delta and omicron and all the other covids what bothers me is that the downgrade was basically saying we have a new cycle, this is not the cycle for that no, we are not buying that stock because it's a cycle it's a secular grower. so the answer is i could buy some now and i feel really good about the situation. secular grower, not cyclical as some imply i can see us getting some great buying opportunities as long as powell recognizes that some of this inflation, not all, but some is indeed transitory and

doesn't threaten us with a series of lockstep rate hikes which could cause a bear market. could the stock add some green to your portfolio? it's come down a lot so i'm going to take a closer look then the market has been on a wild ride ever since omicron why do we go off the charts on the s&p? see what you can expect. and life sciences told, really because of omicron worries, these are heart procedures should investors take a second look at the stock? it had a fantastic thing i've goth the ceo. stay with cramer >> don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc

miss something head to madmoney.cnbc.com. tomorrow, investing club members can talk to cramer live. >> it's exclusive access for my best ideas for the new year. scan this qr code and become a member of the cnbc investing club today >> tomorrow, 12:30 eastern ♪ move your student loan debt to sofi. earn a $1,000 bonus when you refi— and feel what it's like to get your money right.

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give your business the gift of savings today. comcast business. powering possibilities. ♪ as we pick among the rubble of the growth stocks that have been laid to waste over the last few weeks, how do you know what's worth loading up on now we spent a lot of time talking about how to identify opportunities in the beaten-down cloud sectors. but what about the other groups that were right in the blast way? like the ipos from the class of 2021 radioactive, right now, in a world where wall street's been worried about inflation and the possibility of rate hikes from the federal reserve, as i talked about at the top of the show, you've got to expect money managers will pay less for what we started calling the conceptual stocks, as in they've got a concept but they don't have a well-defined path to probability. many of these names will come down huge from their highs

they're probably no longer expensive. doesn't make them cheap, though. it doesn't necessarily mean that they're worth buying here. so let me teach you how to evaluate a newly public conceptual stock, a company that everybody loves that debuted with a bang and then totally collapsed last month you know which one i'm focused on focused on sweetgreen, the casual restaurant chain that had the misfortune of becoming public a week before thanksgiving the stock instantly became way too hot so we decided to circle back to it hoping for a lower level. and it looks like we've gotten one. that lower level's arrived, which means this one now is definitely worthy of consideration. doesn't mean it's a buy, just means it's no longer trading at psychotic levels sweetgreen's ipo priced at 28 bucks. it's supposed to be right around here it was above the proposed range at the time. then it spiked to 56, an intraday peak, closing around 50

bucks, pretty spectacular. now that's a huge move for a salad team this kind of move is what you'd expect from a company that's disrupting an entire industry and hardly anyone in the restaurant business can claim to be doing that. salad is a service, salad plus i don't know smart salad? you don't normally see this kind of hike for a company that deals with leafy greens. over the next two weeks wall street started freaking out about the omicron variant and then the fed which erased -- and sweetgreen was back to $24 and change this is why you have to be patient. thanks to the growth rebound this week it's back to $33 and that means it's still down 40% from its initial highs, which is what made that he think it's time to start talking about sweetgreen i did that on purpose. even here though, sweetgreen's got a $3.6 billion market

capitalization does that make sense i think sweetgreen's got a strong concept this is an environmentally friendly sustainable often locally sourced salad chain. they talk about their food ethos in the ipo perspective it's pivoted hard since the pandemic got going the numbers look really good the guys behind it are smart what's not to like other than the price? see, there's a reason i say sweetgreen's got a strong concept, though, because this one's very early in its growth trajectory so far they've only got 140 locations across 13 states and the district of columbia that's tiny. when you buy a stock like this one, you're paying for the future growth trajectory of the restaurant base. i've got no problem with hunting for the next big thing in the regional restaurant space. again, we're talking about this because i think it's darned

interesting. but there are a lot of things that can go wrong along the way, which is why you need to do your due diligence for these super speculative stories. there's no difference between here and here other than the fact that the market collapsed how about the numbers? if you're looking for the next regional to national growth play, this one does it sweetgreen gives you what you want to see. putting up new places all over the place from the end of 2020 fiscal year through late september they grew from 119 locations to 140 locations they were generating $3 million, but by late september they had recovered to, say, 2.5 million in the first nine months of the year the company had 21% sales growth that's coming off a very low space. still before the pandemic, 15% same-store sales growth since 2019 those are really fantastic numbers. sweetgreen had positive restaurant-level margins before the pandemic

very encouraging these numbers are back in the black. with the world going back to normal, they can deliver some impressive targets each restaurant should cost them $1.2 million cash returns are extraordinary so i've got to tell you, i am torn here on the one hand sweetgreen's very much on trend. they're speaking the language of the modern consumer. i see lines outside the sweetgreens when i go by them. probably doesn't hurt that the company was founded by a bunch of georgetown graduates. on the other hand, we've seen a bunch of these better-for-you food stocks that initially roared and then imploded plus, i've got to wonder how big can a salad chain get in america? you're paying 10 to $15 per meal if you go to sweetgreen so it's not exactly a bargain compared to other fast casual places. money managers will get attached to companies that are popular on

the east coast, especially new york city, ignoring what's popular in the rest of the country. i wonder if they were overestimating sweetgreen's mass appeal one other concern, you don't often see a restaurant coming public when it's losing money like sweetgreen. the other two recent ipos, dutch bros and portillo's roared out of the gate and then rolled over but those two companies are actually turning a profit, whereas sweetgreen's losing money even on adjusted earnings for interest, taxes, depreciation and an amortization basis. valuation, how do you value something like this in the absence of earnings? with its current market capitalization, sweetgreens currently trading as though each of its locations is worth more than $25 million let's take chip chipotle

sweetgreens deserves a premium for its growth trajectory. but chipipotle never skipped a beat even during the pandemic. i think you're better off sticking with something tried and true that's best of breed and that's chipotle. if you really want to be in this one, i think you can afford to take your time because this might not be the best moment to bet on a nascent regional to national restaurant growth story. that's it. again, i am a huge fan of the concept. i just don't like the price. remember, price matters with cramer this one can be a lot less risky if it goes to lower levels stick with cramer. coming up, is the santa claus rally in our future? cramer goes off the charts to

find the market's holiday spirit, next next, new data on how pfizer's vaccine stacks up against omicron. plus, the labor movement hits starbucks inside the effort to unionize >> the facts, the truths, "the news" with shepard smith next, cnbc tomorrow, investing club members can talk to cramer live. >> it's exclusive access for my best ideas for the new year. scan this qr code and become a member of the cnbc investing club today >> tomorrow, 12:30 eastern

[uplifting music playing] ♪ i had a dream that someday ♪

♪ i would just fly, fly away ♪

♪ how do we get our bearings in this wild, wild market? it's just been one rollercoaster move after another i'm always telling you to panic is not a strategy. but it's not just panic. i very much believe that if you want to be a good investor, you need to do your best to take emotions out of the equation, especially when the market's whipsawing up and down like this one way to do that is by falling back on the technicals, the charts because they're almost purely quantitative so tonight we're going off the charts with the help of mark sebastian, a brilliant technician who is the founder of optionpick.com to help steer you right over the past month, about

month and a half he also gives you a sense about what's going to come next. remember, sebastian's our resident and volatility expert he likes to analyze what's happening in the broader stock market versus the vix. usually the vix and the s&p 500 trade in opposite directions but when that pattern breaks down, it's often a sign that the market's about to change course. if you follow this methodology, sebastian argues you could have foreseen the wild action over the last weeks coming. this is the s&p 500 and the vix going back to early october. on october 21st, the volatility index bottomed at 15 at the same time, the s&p was at 4 or 5 for the next month the s&p continued to rally nicely. strangely, we got a powerful warning because the vix rallied too, albeit slowly that was a classic sign that the market was getting too hot

when the fear engage rises it tells you that you could be in for a beat-down. fast forward a few weeks later the s&p peaks and the vix explodes here's the thing sebastian points out the s&p's currently about 150 points higher than where it was trading when the volatility index bottomed in october. in fact, from the peak on november 18th to the lows last week, the s&p only fell 4% over the same period the volatility index shot up from 17.59 all the way to 31. now that's not the kind of volatility sebastian associates with a mere 4% drop. the vix was screaming was the world was ending, while the s&p quietly grumbled it was concentrated on the t tech-heavy nasdaq. the nasdaq doesn't cut it. really it was all about the kind

of high-growth tech stocks typified by cathie wood art flagship innovation etf. its holdings are closely watched. she publishes all her holdings i get the holdings later after the markets close. remember, cathie wood was the best money manager in 2020 you don't get that title easily, even if she's had a rough year in 2021. she did win the super bowl, and i think she's got a great eye for what investors want for richly valued growth stocks. now let's take a look at how arc innovation the s&p 500 only took about ten days for arc innovation to put a topout after the vix bottomed october the 21st then the etf gradually moves lower over the following three and a half weeks dropping from 125 to 107 at the same time, the vix was rising from 16 just under 20 now let's zoom in on the past few weeks.

arkk innovation held up well when the market sold off on black friday because we were freaking out about the new covid strain and many of these are stay-at-home stocks. but the vix explodes higher and arkk innovation really rolls over right when they were liquidating stocks left and right. you see this goes whhh what he calls a negative feedback they sell their favorite tech stocks, then the many cathie wood watchers start worrying about what she sells next. that causes more people to withdraw their money from arkk's etfs which translates into still more selling it's not people pulling out of her fund it is people selling the etf which then reverberates to the stocks sebastian believes that arkk innovation has now clawed its way out of the abyss and it doesn't hurt that the volatility index has come back if you're watching the engage to get a sense of whether or not this rebound is for real, the

vix says it is for real. we know these high-flying growth names were at the center of the blast radius when everything fell apart but what does this mean for the broader market now that they're makingcomeback next why don't you just take a look sebastian likes what he sees here even when the s&p's flat on a day like today, the vix keeps going down rapidly that tells him the traders are getting rid of heir crash insurance. the vix measures the implied volatility and s&p options lots of money managers like to use options. they can keep climbing out of their fox holes. more days like today, and the volatility index keeps coming down he thinks this sets us up for, what do you think? yes, that santa claus rally i keep talking about that is said to happen later this month, and the s&p soaring from 4,700 to possibly as high as 5,000.

let me give you the bottom line here the chart is interpreted by mark sebastian have been a pretty good guide for the last few weeks. and they're making him feel bullish about the s&p 500 through the end of the year. let's go to kevin in illinois. >> jim, booyah >> how are you doing >> i'm doing all right kend ril holdings doesn't seem to be doing real well. what's your opinion? >> i know this isn a word that i overused in the stock market and it's cheap there's really billions in revenues here. if i own the stock, i would wait to see what happens. it's got a very small market cap versus its sales but i'm not in a hurry to say you've got to own it right now let's go to stephen in my home state from new jersey. >> this is a member of your cnbc investing club

>> well, i sure hope you'll be on our conference call at 12:30. it's going to knock your socks off. [ laughter ] >> i've been a longtime investor in gold and silver as the hedge about inflation. i've done rather well over the years and wonder if it's time to cash in and move over to the new hedge protector coinbase now that it's come down so much. with the threat of inflation in the horizon a real issue, with all the hard asset protections, are you concerned with its recent market volatility, and would you favor a move to coinbase rather than actual bitcoin? >> well, i cannot talk my own book here, and i can't own any stocks, but i do own some ethereum remember, i've always felt that gold and now crypto are good hedges why did i pick ethereum? because that's the one i find most people are transacting in i'd rather own that than i would own coinbase

i do think that that's a better hedge than the actual common stock of a coinbase company. tonight's chart says the charts are making feel pretty bullish about the s&p 500 through the end of the year. i agree. i do think there's a big dip but i like what i see. we've got ton as head including one of the most exciting companies i follow and i know these guys personally. could the medical devicemaker be well positioned for a post-covid breakout of the upside what a pipeline. then there's one key theme that is bringing some of the wall street's biggest companies into the forefront of profit and change and tonight's edition of the "lightning round." so stay with cramer.

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♪ as we head toward 2022, we're starting to get a sense of what should work next year with the fed turning less friendly, we prefer tangible stories over conceptual ones meaning we want companies with actual earnings and earnings growth especially if they've got a re-opening kicker. the medical devicemaker with terrific noninvasive heart valve replacements and surgical monitoring gear. this has been a long-term fabulous winner. but it did take a hit last year because covid made it very difficult for people to get surgery. they sold off hard on omicron worries but in the last few weeks it's come back with a vengeance. they laid out some pretty bullish forecast for next year this thing's within four bucks of its september high. i'm wondering if it's going to break to the upside.

let's check in with the chairman and ceo of edward life sciences. let's get a better picture of where we're going. michael, welcome back to "mad money. >> thanks, jim my pleasure to be here >> i want you to try to give people, there's kind of a nice story. and the story is you save lives, you get people out of the hospital faster. it's much less messy what happens in the hospital, and you're saving the system maybe billions of dollars. is that a good read on what you talked about >> it is we're very fortunate to be in the business of helping people have longer lives, better lives. and, at the same time, save the healthcare system money. we call that the triple win when we get that right, we are in a position to transform care and then we end up with a rewarding place for people to work and a rewarding stock as well and we help a lot of patients along the way. >> well, you know i mentioned my late father's still alive, and he talked to me about a thing

called taver and i pretended to know what that is. it's trans cathic aortic valve replacement. >> it was approved in the u.s. ten years ago. this is our tenth anniversary of approval in the u.s. and even though it was revolutionary at the time and there were some spectacular statements made when it was approved, it has improved dramatically over that period of time we've been able to make the system smaller and less invasive there's been less complications, the patients recover faster. there have been remarkable improvements over the years. now these are becoming procedures that happen routinely over 800 hospitals across the u.s. >> now, you were talking about pretty much the whole product line's going to have some very interesting achievements and milestones in 2022 why don't you run through some of those

because to me it says that this story is not done. >> oh, no. as a matter of fact, we are just getting started. so, we're going to have nice sales growth, double digit and earnings growth even faster than that in 2022 but what's most important is we're going to be advancing our agenda in these valves we think that opportunity is not penetrated much as all. in terms of the number of people that should get that therapy, we're at very low percentages. and one of the ways we're attacking that not only is to improve our technology but to do important clinical trials that demonstrate when you postpone treating your disease, it's not good for you it leads to more heart disease so we think taver is going to grow significantly that's the biggest component of edward sales we also have real advancements coming forward in our surgical heart valve business where people are transitioning to our more durable tissue treatments instead of people getting

mechanical valves, it might mean that they have a lifetime of blood thinners instead they can get a tissue valve and feel comfortable that they're going to have the durability they need to avoid another surgery. and in critical care we've got transformations going on that rather than just monitoring patients and looking backwards in terms of how they're doing, we're able to apply algorithms and be able to be predictive and smart about what might be coming and help clinicians head off problems so, we've got a lineup not only of growth, but it's going to be a big year of investment we routinely spend 17, 18% of our sales in research and development. we're investing in infrastructure, new capacity, and especially this new research, which is going to be important in the years to come >> so, you have a terrific section, page 10 of the deck critical care shifting focus to smart recovery so it's not just the operation itself it's something after that.

i thought this was ingenious and you should talk about it for us. >> yeah. so, in critical care, we have a reputation of being able to be highly accurate in terms of monitoring a person that's going through a big surgery or in an icu. and one of the things that we measure is pressure, and pressure waves very accurately what we know is that when patients have low blood pressure condition for a while during their surgery, their recovery is not merely as good as a matter of fact, there's mortality associated with that so, by being able to have large databases and smart algorithms, we're able to give clinicians, and often it's an an thesologis to say there's an 80% chance you're going to have a low pressure event in the next few minutes. >> what you're doing basically what i love about edward lifesciences, the earlier you get tested, you get checked, the

earlier you can use your valves, and the earlier -- as soon as after the operation you're prepared to be able to help people there too i think both these things mean that the market is really -- i'm not saying it's in infancy but you've got a lot more ground that you can make up and make for shareholders >> there are a lot, jim. one of the points we made during the investor conference, today the sales are around $10 billion. we think that's going to approximately double to 2028 to around $20 billion these procedures are getting better you take something like taver that you and your father experienced, to some extent. these are procedures now that instead of open heart surgery, you have a procedure that's taking approximately 45 minutes, the patients in many cases are not being anestheticed and the patients are going to

their home and those are very important factors for patients it begs the question that why shouldn't you treat this disease like you do cancer why do we wait till the disease is extreme and severe before it's treated one of the things that we hope to prove with these big clinical trials that we're doing is that earlier treatment is better for the patient. >> well, i know it is. i think this is a great idea it can be preventive you don't have to wait until the event. and that's because you guys really have the doctors thinking about this, which i know from personal experience. okay, that's the chairman and ceo of edwards lifesciences. this is an amazing topic michael's done incredible things to save lives. the company is extraordinary "mad money's" back after the break. coming up, a storm is coming so give us a call. cramer's got the answers to all your burning questions

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"lightning round" is sponsored by td ameritrade ♪ it is time for the "lightning round." ♪ and then the "lightning round," are you ready? i'm going to start with kenneth in new york. kenneth? ♪ >> hey how are you doing, jim booyah >> booyah, kenneth what's going on? >> thank you for what you do for investors. >> thank you, buddy. i appreciate it.

>> i want to ask you about an electric vehicle stock >> you know, i got to tell you, kenneth, evgo, i know it sounds good but i have really pulled in my horns. i like nphase energy that is the one i like i've looked at it from the great 50 millennial index, the nextgen 50 it's a better company. david in california, david >> hi, jim david's here from newport beach, california >> lucky guy what's going on? >> not much going on i love your show >> oh, thank you very much >> i love everything you do for us jim, i have a question i've been investing on a company called bit commerce holding. and their growth and revenue looks really good. but the stock is down. i don't get it >> well, i think that this is involving the concept of the concept. i've been saying conceptual versus the tangible.

this is a conceptual stock the company's losing a lot of money so it's lost its muster as we raise rates it's a strange interaction but it's tried and true. and that's why that stock is going to have a hard time here but thank you. let's go to anthony in new york. anthony? >> yes i own ldi, loan depo >> i'm going to tell you that, look, it's at 5 bucks. do i want to tell you to sell it at five bucks? i don't expect a lot of upside how about steve in illinois? >> jim, my stock is -- >> yeah. oh, gosh i know i should be more enthusiastic about some of the these stocks but, again, i'm focused on what the fed's doing, rates are doing, what the recovery's doing. and in that situation you don't want this stock. let's go to ted in new york. >> booyah!

>> booyah. >> alibaba is my golden goose. >> your golden goose could be cooked i don't know it's down 46%. i'm not going to tell you to sell that said, any time that i have said china's a green light in the last three years it's been wrong. so i'm starting to learn don't be wrong let's go to deedee in texas. >> hi, dr. cramer, thank you for taking my call >> you're very welcome, deedee what's up? >> my question is about harley-davidson ticker symbol -- >> i think they're reinventing themselves i like what they have in the stores but then, again, they have to get younger. they keep trying to get younger and they can't and some of the foreign companies have terrific, terrific brands. i'm going to give you the no sign on that one let's do andrew in missouri. andrew >> booyah, jim >> what's up >> the looking at knbe

knowbefore >> this is a software security company. i always defer to my betters my betters are palo alto and that is the "lightning round" [ buzzer >> the "lightning round" is sponsored by td ameritrade coming up, can america's key companies reinvent their way into a profitable future cramer shares a cautionary tale or two that you won't want to miss, next ♪ tomorrow, kick off the trading day with "squawk on the street." live from post 9 at the nyse >> they don't make those [ laughter ] they're very heavy >> i'm using the google box. this is a really cool thing.

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tomorrow, investing club members can talk to cramer live. >> it's exclusive access for my best ideas for the new year. scan this qr code and become a member of the cnbc investing club today >> tomorrow 12:30 eastern. coming up. >> new data on how pfizer's vaccine stacks up against omicron. plus, the movement to unionize hits starbucks on "the news" minutes away >> the facts, the truth, "the news" with shepard smith next on cnbc ♪ they say necessity is the mother of invention. but reinvention is what makes you a necessity. yet, companies almost never get enough credit for reinventing

themselves supporting bank of america and honeywell with a downgrade rubbed me the wrong way because this is a company who seems to reinvent themselves all the time but may seem to be running out of theme the thermostat division picked up steam darius describes the philosophy of his predecessor and if you've read dave's book "winning now winning later," you know that means adapt or die so when i see honeywell getting hit, if there's a problem management will simply reinvent the business all over again, which is what makes this stock a necessity for your portfolio let me give you another example. chevron, were these guys really planning to spend $10 billion to create cleaner forms of energy and reduce their carbon footprint? as a matter of fact, 10 billion is more than triple what they wanted to spend not that long ago. but the ceo wants to make sure that chevron will still be around in 2050 and still be dominating the energy industry

that's why it's going to be featured on my 12:30 p.m. investing club event tomorrow. reinvention is a big reason why i like ford motor, too we're speaking to ford's ceo on tomorrow's call. he's got a whole new technology business that will let you take your ford truck and use it to receive orders via the cloud, maybe for that new deck in, and they'll have all the materials ready for you as soon as your truck pulls up there will be dramatic declines in waiting time, which is huge considering the infinite wait times related to anything construction these days. reinvention can also mean you're breaking up your business. its elevator business immersed with raytheon. they got a lot of the same criticism back when it happened even successful ones might take a little while to pan out for shareholders for example, i very much respect

the johnson & johnson and general electric for break up into smaller, more rational sectors. the new companies can focus on what they're good at and borrow money in order to take over the respective industries. obviously these are the success stories. over the long term companies that can't change often cease to exist. anyone remember the old typewriter business? it tried to reinvent itself and it failed. now there are probably 40 years of people who never remember smith corona you shipped the film off to kodak in new york and then you get it back. that company diversified into pharma but they didn't address the core decline and, boom, got them nowhere. the great reinventors they're powerful forces of change that

constantly remake on the fly not only themselves but sometimes entire society got to consider all the things management can do to transform the whole enterprise and that's what i like about capitalism there's always a bull market somewhere, and i promise i'll findfofor r t t i iyou right are we protected from the covid omicron variant or not today new data and very good news i'm shepard smith. this is the news on cnbc sd >> pfizer announcing a third shot does protect against the omicron variant. >> they were similar to what two doses did against the older strain >> meg breaks down new data. instagram ceo grilled. >> instagram sees a do