locker. >> dan >> carter fxi. >> guy >> great having you back, mel. take a look at bmy >> good to be back thanks for watching "fast," see you back here tomorrow at 5:00 for more midnight man my in addition mission is simple, to make you money. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now i'm trying to mack you some money. my job is not just to entertain, teach call me or tweet me at @jimcramer

s&p declining. the nasdaq losing 1.39% and it was nasty. a lot of people worry this market has bad breath. we had a tremendous rally. we're looking back, it's been surprisingly narrow. there you got to think apple, microsoft, nvidia, alphabet. we need to broaden the rally or everything goes down as it did today for a few stocks i may be more sanguine about this situation than most my travel trust owns these big cap winners except tesla i understand markets don't thrive when only handful of stocks lead the averages i think managers showed tremendous fear today that the move had at last gotten out of control and profit taking was

there. especially after the robust opening. hence the brutal declines. they were worse at one point today. right now i'm of two minds about the situation. if you're managing money, you need stto show your client whati you own which means you can't afford or stray far from the winning stocks you might look like an idiot you show your investors you brought staples that only work well today or travel stocks like the arirlines or cruise lines that work between covid trains r -- strains the, we have a much harder time to gep it under management you're probably doing worse than an index fund. some share in the last year clients. why the heck do you pay these clowns such huge fees when you can just be in an index fund legit question i've always said you should own and build out an index fund

position before you pick any individual stocks. right now, as i told cnbc investment club members at our first meeting last week, my crystal ball show you want to own shares of companies that do actual stuff make actual things you want tangible stocks not conceptual stocks. this year dozens of companies been created by the wall street venture capital machine that address stuff like marketing and database management and better versions of the same things and these much better, these bet versions have much cheaper stocks it's takes a very special alphabet to leap the new hurdle that i'm calling out they've got dozens of companies that have been created to tap in

set the stock up more than 80% the vast majority have been awful performers just like their d dopplegangers flp arethat are gg hit assuming de ing we don't gey one vaccinated i'm thinking on coke, got upgraded and did well but shows you what i think is prosperous maybe we're making too much of an idea that only a smattering of stocks will let us hire back of america, ford, pfizer. financial, health care, consumer discretionary. they don't draw the same type of attention. all of which got a huge boost every time more money come in.

many you have play fantasy football a huge percentage of you lost yesterday. you're furious at yourselves for not making the league's playoff. if you're fantasy team did make it, you probably had a handful of marquee players you probably had apple and tesla. you have a high ceiling meaning they can go up and up. apple, microsoft, nvidia, tesla are incredible stuff with high ceilings if you drafted them, you did well this year.

it's noatural they want to show the big names, the big winners be that can be drafted at any moment no one says if you hasn't owned nvidia or alphabet, he would have been down that's why i'm not so concerned with the concentration of winners. the money rotates to other groups or stays in the studs and keep winning at the end of the day it's not on my list of major worries. i'm concerned about the federal

reserve. if i'm right, we might get a switch sticking with the football metaphor from a fed chief to one who is dark vader built. that new world, which i hope is not as dire as the comparison, we'll have fewer winners to pick from let's not panic about narrowness of the market. we can make money or one that has better breath, we have to recognize as long as we have good earning and not carpet bobop i -- bombing the economy, then we'll play our studs it will be plenty to pick from the bottom line, don't go too far off the beaten path for now.

it will be harder if the fed lowers the boom. we're sticking with the winners that make stuff. joe in new york. >> caller: this is joe from long island >> what's up >> caller: two weeks ago it was an article on on type one diabetes the individual who took the medication was cured from diabetes he no longer had to take insulin and it was producing insulin it seems like an excellent opportunity and it's a mature pharmaceutical what do you think about it >> i looked at it. i like what i'm hearing. i think you're right to be in

it this is a not speculative pharma company. i think it's a good call by you. let's go to rick in ohio. >> caller: hello, jim. i'm a long time fan. i've been calling you. read a couple of your books. my question is i know you got to follow numbers but don't you have to have a gut conviction about the stocks. you have ibm and what i would suggest is this has got to be a difficult quarter. the companies are splitting up who knows what's going on. you have to wait to see this quarter. this could be a bit of a mess.

i don't want people to panic over the narrowness of the market you can make money for now, there are plenty of studs to pick from and you stick with your studs until year end and through wednesday fed meeting. we'll have to pivot if the fed is bill belichick and not andy reeds. i'm getting the latest on the deal with the head of the research company i like this combo. the one with the border market today after surging, i'm breaking down the latest quarter and getting a read that's one of two. i'm going straight to the source let's see what they have to stay stay with cramer machin

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. this morning we learned about an intriguing small merger in boutique banking. the parent company of silicon valley bank the premiere banking partner as well as sbv, the boutique investment bank is buying the tech focus equity research firm.

they are pick up foffett nathanson. let's take a closer look with craig moffett. congratulations and welcome to mar mad money. >> thank you so much great to be here >> it's a drew come true for a lot of people. they want their own shop they know it's tough out there how did this come about. you don't just wake up one day and be moffett and be really successful you worked at this >> we worked at it a long time i was started with i started mvr nathanson to partner with michael, michael nathanson it was a perfect fit we built a business and really lucky when we added lisa ellis is one of the best analysts i've

seen it's built with a lot of talent. what were you drawn to here? independent is the perfect thing. you're part of larger operation. >> yeah. this was a dream fit in tech businesses like the ones we cover, the innovation economy is the whole story it's where the value creation has come from and the important forces are that are shaping the industry for the big companies we are it these front ends and they have been building a deck banking franchise with really talented bankers and built team of 50 people the missing piece was research

it's like a lot and a quay we looked at this and said it's fantastic opportunity for the clients of both businesses we get to show them new opportunities. get to combine these pieces together at the same time it creates for us this potential to build banking powerhouse that i think can be best in class and number one in the world and technology banking. >> i know you're out for whoever is the client is someone trying to pick the right stocks, make more money will that change >> no. of course not. we now get a window into all these innovative companies in silicon valley that we wouldn't get to meet otherwise and it gives us a vantage point.

it will give us the opportunity to identify new businesses to invest in for our clients. they are generation machines that we wouldn't get the insight into without this combination. >> will we still be able to rely on you you'll still be doing that >> of course there's no change to that. it will be much better position to understand the forces that are shaping the industry all the innovation is coming from small companies this is a giant leap forward for us

>> is there anything that can turn around a force of a verizon. >> i got to tell you, you and i have taken turns on who can be more negative about at&t i finally upgraded at&t to neutral that it had gotten cheap enough i said i can't continue the sell rating on the stock it's continued to go down. the best you can say is a short term trade i don't know you can call it a long term attractive investment even at these valuations because the wireless business is a very slow growth business or no

growth business and at&t is almost certainly going to be a shared lose nerr in that. it's hard to see how some of these big companies compounds value over time. they have really interesting position growing in wireless >> a lot of the action has to do with the fed will have to start tighte tightening you're a company guy do you buy that? >> sure. that they have to tight tennessee or they will obviously affects the way you think about terminal values. at the end o it have day, the cost of money it shapes what

you're going to pay for long term growth. it's essentially the cost of money. when you've got 95% of the value of every stock held in its terminal value because the interest rates are so low, don't be surprised if small change is in interest rates make big changes in stock prices. >> that's true let's leave it there that's ha i'm trying to get across to people congratulations to your team you've done a great thing and i've always counted on you to be the honest broker. you sure are i know that's not going to change new company. thank you so much. >> thanks so much, jim >> absolutely. >> back after the break. coming up, with ups and

doun downs like these, you might think this stock is in the elevator business. which direction will plthey tak now. if you could give me some dance lessons you would be saving my life. how do i know that you're legit? ♪ ♪ yeah, that's more like it.

even when they report terrific numbers, their stocks tend to roll over. there's some exceptions. last monday night we got some excellent results from mongo db. that's beloved by app developers the stock managed to rally more than 100 bucks over the next few days after the quarter and how they do it the numbers were just unbelievable you couldn't ignore them

they have been dragged down from the market is this one worth buying even though the cloud space has become toxic let's check in with dave he's the president and ceo of mongo db. how could you can build faster and smarter if we use your platform than others >> they allow developers to really work easily with data the design to work with the way developers think and the way developers code. so they can build applications insanely quickly more so than any other platform.

>> 1-800-flowers, we have all order from it. what does this get me versus the other guy. more personalization, faster how does it work for me? >> they can see a spike in demand you don't want to build capacity for that peak. you want to scale the demand as you need it. that's one example why people use mongo db

if 1-800-flowers, want to move away from flowers, it's easy to add new skews because it enables people to do things much more quickly. they can offer services much faster than any other fplatform. now you can go to marketplace and go pay as you go broaden the capabilities you can start with less than a cup of coffee a month. get starts up and running and now we have customers running mission critical workloads spending mulls of dollars because they are doing million

important for their business >> you must be destroying the price structure. this must be the most disruptive new way, new platform there is people are making fortunes off of providing this kind of thing that you do. >> we have a lot of customers who come to us who see the benefits of using a much modern platform not only with we cheaper but we deal with the labor shortages. it's hard to attract and retain labor. it's very hard to recruit people >> let's take the gap that has problems gap very much wants to move faster

obviously dap as a retailer are known for stores gap like other retailers had to very quickly pivot to digital first strategy it meeans building features quickly. allowing the customers to engage with you in additional way allowing the customers suppliers and part ners and doing it fast. >> verizon is in a constant battle against sat&t constant battle against

t-mobile they can't do without you. >> verizon is focused on edge computing. >> that is incredibly fast that's on you. >> correct crypto currency is so hot today. you know that better than anyone their business is booming. they need to deal with peaks and trading. they need to have scaleable

platform as the business grows we're proud to be a partner of coin base. >> we have 31,000 customers around the world there's a lot of social proof. we do typically get customers calling us when they see their peers or competitors starting the use us that's really helping us grow even faster. >> that's how you get ten times the number of customers when you became public? >> that's correct. we have grown our customer count

over ten fold. what we're really seeing is a big transformation in the enterprise enterprise is increasingly becoming more and more comfortable running mission critical workloads in the cloud. they are being very thaoughtful you're looking the use technologies like mongo db that's also helping the growth >> wow i learned so much in these ten minutes. your company is something. thank you for coming on today. >> thank you, jim. thanks for having me these guys and snow flake. the only two that growing like this they are going to get a higher price to earnings, higher price to sales multiple because they deserve it

i think there's room in a portfolio for one or two of these. that's about all these guys have to be considered we're back after the break coming up, cramer has a special intersview that will tak you inside the starbucks dispute.

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earn about covid-19, the more questions we have. the biggest question now, what's next? what will covid bring in six months, a year? if you're feeling anxious about the future, you're not alone. calhope offers free covid-19 emotional support. call 833-317-4673, or live chat at calhope.org today. that was some of the starbucks workers in buffalo last week. reacting to the vote to unionize it's the first ever starbucks to

be unionized in the u.s. one of the great untold stories right now is the resurgence of the labor movement while it's not great news for the stock market, i can't blame anyone for their right to collective bargaining. workers at dear got a better deal than first thought and at kellogg. what exactly does it mean for workers at a single starbucks to unionize we heard from ke vip we thaought it was only fair to hear the other side.

>> that's great. i've been with the company for a little over 11 years what i'm hoping to get from this union is a seat at the table it's been a very long time with the company where i've not had any sort of say in my working conditions or the benefits that the company offers or really anything it would be nice to have a voice in that company. company that i love. i wouldn't still be here if i didn't >> can the union have leverage if it's one store? >> that's a great question it needed to start with one store. this is a flu way for the labor movement in buffalo for organized labor.

workers are standing up and demanding they get the respect they deserve for the profits that are earned off of our backs. we need to get them to the bargaining table sooner than late r and negotiate that contract it's that contract that will allow for other stores to want to follow in our footsteps >> you believe they may give a better deal than the 200,000 other workers get at starbucks >> ill never sign a union contract where i was gettingless than i'm getting now i would hope they would. they are a progressive company starbucks always claimed they were a company that stood with their workers and stood with the community and they were a prince among men, better than a lot of companies in this country for

what they offer for their workers. they can lead by example take some of the stigma and fear out of unionizing. nobody knows how to run the stores than the people on the floors every day s >> if you're not taken seriously, would you go on strike >> i think there are options in the future we are their brand i think that could hurt them in the long run

they are a globally recognized brand. it would be in all of our best interest to get to that par gaining table. >> i own a couple of restaurants so i follow closely. i recognize i pay a certain amount but there are other restaurants that pay far less. particularly the franchise i'm wondering whether star buck doesn't pay more than companies who have a similar posture and do what you do >> i think they are competitive in terms of what they do offer in some terms it's even less we have a local coffee chain in the close canadian surrounding areas. their starting rate is more than i make at starbucks after 11 years. >> that's surprising i would think given the fact that starbucks paid $2.3 billion in dividends last year that that would not be the case.

>> yes >> at the same time, there are other starbucks that did not vote in favor of the union would you try to purr suede them they are not seeing the right way or say if we all work together, you don't need the union and we can get things better in buffalo? >> there with only three in the process of voting. one of those is being challenged and more than likely they will unionize that was a store that filed with a significant majority turned upside down when they all moved into buffalo three months ago and have not left. right up the line to the president of starbucks north america who is living in buffalo now.

it's less to the workers not wanting to union and more to what has been thrown to them and the awful circumstances we all had to exist within the last three month offense them all being here you've been there 11 years you like it. i think it's a shame this is happening that you feel you're being intimidated. at the same time, starbucks is the prince you're right >> there may be new hires that are not given all the information. that lends to why we need a bigger voice and a bigger line of kplun icommunication, correct after 11 years i'm aware of the benefits offered to me what i've seep is the cost of

benefits go up and the quality of the coverage go down. yes, on paper they do look like they offer some significant benefits what you also have to take into account is there are a lot of employees at starbucks that these benefits are inaccessible to them. most of them make so far pe low the income threshold that they still qualify for medicaid they don't need the take advantage of benefits that starbucks offer. i would love for them to be the company that they are on paper i think there was a point in history when they truly were what we're saying from the inside is that things are not as wonderful as they appear to be we want to help this company get back to that we had choice. i had a choice as an 11-year partner when we worked through the pandemic and conditions were not great and the company was not looking after us we were not being allotted additional labor do take care of our stores and keep ourselves safe i could walk away from company that i devoted so much of my

life to with people that i really enjoyed being around and customers that i truly loved or try to make the company better from the inside. unionizing seem to be the only way to do that >> when they closed -- you're not an essential worker, an essential store. when they closed, they still paid you, correct? >> we were only closed for a short period of time we were paid a percentage of what we brought in i'm in the saying that's anything to scoff at it was nice to have that option. when we did reopen, we reopened in the same situation of when we closed this was may of 2020 that we reopened we were very much in pits of this pandemic and the company did not step up. we were not given the appropriate measures to keep ourselves safe >> i wanted to give you the floor. i can't devote the show to it but i think this is different time workers are trying to get -- to

do better. i think that's great glad you came on the show. thank you so much. >> thank you >> that's michelle eisen, an employee at the starbucks store. i think it's a different time and i totally respect. i've been a member och two unions fought hard the try to get more money. that's the workers right mad money is back after the break. come up, a storm is coming give us a call cramer has the answers to all your burning questions the lightning round is next. (♪ ♪) whether it's a technology first, (♪ ♪) a fashion first,

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it is time time for the lightning round are you ready? george in florida. >> caller: thank you for taking my call. >> georgia >> caller: do you think neil will delist from the exchange and go to the hong kong exchange my second question, do you think i should get out now >> i don't like it it's too risky i would get out and get out soon bob in new york. >> caller: thanks for speaking with me. >> no problem. >> caller: this company had a common stock offering and an affected dividend and navigating the pandemic my question is if the fed implements the first increase by

4 50 basis points in february or march, how will this impact stard property trust probably g down immediately a couple of bucks. if that's wa your concern is then you should know that. people will sell that kind of stock. it's what they did regardless of the company. nancy in massachusetts nancy. >> caller: happy monday, jim >> happy monday to you what's going on? >> caller: i'm looking for your insights on a stock that represent stores i shop in a lot and enjoy. tjx. >> i think it's unique a lot of the retail stocks. it doesn't mean it will feel pause the retail stocks have been completely blasted. they had a great quarter carl in texas. carl. >> caller: thank you so much for taking my call >> of course >> caller: so last year when you and some of your cnbc cohorts were saying that oil and gas was

uninvestable, i bought shares in brookfield energy partners, symbol bep. >> it's a good company it yields 3.6. this is market that's punishing every stock in this particular field whether they should or not. i don't know that's what they are doing let's go to mitch in new york. mitch. >> caller: hi, thank you for taking my question >> absolutely. >> pfizer coming from its 52-week low of $11.96. now at $12.55 down 15 cents. would you recommend purchasing more shares of the company >> i no catalyst that's the conclusion of the lightning round.

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when a company does well, that doesn't mean their employees do well. when a company can raise prices, they don't always raise wages. i talked about how the economy is booming now the boom is uneven some workers are doing well. some are winning big concessions. others are makinge ie ing the pe known threw unions then kellogg fired 1400 yun uny -- unionized workers to break the strike until you're getting raise, and a lot of people are, it's harder to afford the things you used to be able to buy before the pandemic especially at the superplarkt. when inflation is at 4% plus, it does need to be stopped.

federal reserve only has one real way to do it. cooling down the economy by raising interest rates it's clear that jay powell knows the rate hikes will be bad for people that work for a living. maybe he can catch a break if he can fix the supply chain crisis and make it cheaper to get goods to market. i wouldn't bet on it with a new train of covid lurking interest rates are low i doubt rate hikes would slow down which has pan big driver of inflation. higher rates won't slow down the oil market they are too low impact sales and demand is too quick. prices will not comedown with the rate hike. where can higher rates have an impact we know the market has opibeen creating well. regular investors are getting money from higher stock prices the super rich are winning from insider selling and more traditional insider sells.

that here i -- that can strangle the life out of industries these are two industries that are well above their weight in economy. they can do a lot of damage and add aggressive tightening scenario which is why wednesday meeting is an important moment if you recognize that the economy won't be cool and hitting us with a few rate hikes, he might signal higher rates faster than we like even thoep though he knows much of the inflation can't be solved. he sure can hurt the stock market if he believes tamping down on inflation means tamping down the stock market. it drives me nuts because we can solve so much if the government take harder line of the

pandemic that's what is driving some of the shortages. we have to fall back on the federal reserve. all they can do is raise rates not the ideal solution but it's better than turning into argentina. there's always a bull market somewhere. ai i'll find it for see you tomorrow "the news with shepard smith" starts now dozens missing hundreds of homes destroyed and thousands still without heat or water. i'm tyler mathisen in for shepard smith and this is the news on cnbc searching for survivors after deadly tornadoes ripped through the midwest. >> we just came out of the pandemic and then this just unreal. unreal. >> entire towns destroyed. lives uprooted. >> whenever they need when they need it. >> the death toll still rising. >> of the ones