wide and shallow or short and deep just curious >> wide and deep >> yeah. well, that's the prototypical most amex >> thanks for watching, "mad money" starts right now. my mission is simple there's always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer, welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to teach you call me at 1-800-743-cnbc.

or tweet me @jimcramer dow and s&p and nasdaq surged. nice reminder good things can happen like the president saying might bet stimulus deal with joe manchin or be more flexible with travel ban which sent you have travel stocks and pushed down bond prices to help the banks. spend so much time talking about the fed, washington proposals and machinations, we forget that stocks tend to trade on their own future prospects sure we have a situation with omicron can cause a lot of havoc, but now belief that super infectious new strain could burn itself out, that's positive. if we know corporate earnings

will be okay in omicron, we have a decent shot of making real money even if the averages don't stay as strong speaking of this session, coming into today, most people would think down again after yesterday's carnage. omicron is overwhelmingly dominant strain in this country and didn't know it existed until day before thanksgiving. 73% now? that's terrifying. of course the national split, lots of people don't care, refuse to get vaccinated even as it's 70% more contagious than delta variant, but fact you can catch covid with triple vaccination as i and many of my friends have, it's unnerving, even if it's mild form things looking up, then micron,

not omicron, but micron the company. semiconductor manufacturers of basic building blocks for anything digital last night, you know i like them very much, reported, and i was agape. their business was fabulous, almost every line. this was not supposed to be the case a lot of investors were terrified of a downside surprise, they have up and down cycles, boom and bust business wall street thought it was bust phase, maybe for a year or two not unusual. what we heard from micron was the exact opposite, why it was up so much today no down cycle this time, might have been a pause with too much supply but didn't last for even six months what changed had end markets that micron

plays in used to be hostage to the personal computer. chips. now mitts in anything digital and lot of it higher performance than we're used to the straight-shooting ceo told me a business story last night that call was faster than a speeding -- more powerful than joe manchin. leap the white house in a single bound. ton of stocks. sanjay said the market was strong, making it hard to meet demand, fantastic for amazon web, microsoft azure, even ibm solid reason to stay home and order over the internet for christmas, as someone quarantined who can't leave the house, i didn't believe how much i find myself ordering is there amazon anonymous

meeting nearby good news for microsoft azure, what are you going to do, stop using windows? dare you ibm does matter, and could be a convoluted quarter for them but strength of micron makes me want to pull the trigger after that meta, formerly facebook, they must be doing well, too, and that means it's time to buy amd, nvidia and marvell tech. these three have a lot going for them away from data centers, too, especially amd and nvidia marvell has good 5g, too you're given a chance to buy at

fed and omicron induced discount i've been telling the members of the cnbc club to do. join that. why not? apple, sky exclusions, broadcom, and skyworks, close to being acquired by amd. most care about apple. who can blame them but i'm making assumption that business is even stronger than i thought at apple my goal is show you how far reaching micron is, can carry whole market on its back, particularly the micro techers apple, want to zone trade it best for last, micron made tremendous inroads to auto industry, particularly electric vehicles with batteries and

autonomous drivers that need content. sanjay predicted end to most auto related semiconductor shortages early as middle of the year, this is gigantic this is just gigantic. until this conference call anyone who suggested the shortages would be over soon would be accused of being out of touch of reality but micron straddles every rung of things. major implications for a ton of industries going by what we like for the charitable trust, investment club members know what we think. last club meeting, ford is terrific company own cisco, doing well in software, but worried, micron call alleviated a lot of fear.

automakers can get chips, boost production, setting off chain reaction to push down the cost of used car, principal cause of inflation. gm, can you imagine if they meet 2023 demand, how huge that would be i like ford most, buy ford when things are tight in the chip industry, semiconductor equipment stocks, lam research lrcx is favorite, other bullish reports looked good last night, too. nike told us alive and well, ignited that group, desperately needed then biden thank heavens took the possibility of a lockdown off the table. and sounded confident of a scaled back version of the build back better bill news from micron had the biggest

impact bottom line, i know this is a lot to come to terms with, especially with the santa claus rally in town, most big-name experts wouldn't deign to read about a single quarter from single company but that's their mistake. in this business you need truth-telling tentacles and micron has almost all of them. i want to take calls, start by talking to kyle in delaware. kyle >> caller: holly jolly boo-yah to you mr. cramer. good luck to the eagles taking on washington football team tonight. >> yeah. after the show got to get down there, quarterbacking the washington football team >> caller: calling about corsera gaming, looked positive but do you still believe in long-term

demand and if so - >> look at logitech, can't hold up either, they're at mercy of the supply chain problems. they get solved last angelo in new york >> caller: high jim. question about dick's, bout at 120, buy more or hope it goes up before my wife finds out and kills me >> wow, gee, would like to avoid that particular homicide, most are at home. tell you good news, dick's should bought here and now, ridiculously low, i like it. dynamite quarter i think your marriage and life is safe. for now, based on dick's

some stocks illustrate the big picture for us, micron is one of those. and we saw action today that caused the market to roar. tonight, president biden ready to spend real money on covid testing. 411 from health experts. dr. michael mina is the man on this issue going up the charts to find out how long this could last, and company seeing precovid levels in some business, mobility, stick with cramer. ♪ >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something

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today president biden finally got serious about the omicron strain, not just pushing booster shots but spending real money to bolster the apparatus through federally run testing sites starting nyc and talking about at-home test kits for anyone who requests one. i thought of dr. michael, the chief science officer at e-med, he's the first person who told me about the rapid tests adamant about the need for mass covid testing for ages i want to give him the floor to

talk about the new plan. welcome back to "mad money." >> happy to be here. >> okay. doc, first, last week i went to a party. everyone had to be pcr tested negative, all got our tests. had to do it that morning. went to the event, got covid turns out someone next to me called me, said sorry, i tested positive today sure enough, i got it. how is this possible >> so i think what it is demonstrating, especially you had a pcr test that afternoon right before the event, everyone had pcr right before the event or few hours before, and still somebody got through and unfortunately infected you sounds like you found out next day perhaps that you were positive or two days later >> just so you know, i found out

later that week that they tested positive had i known, would have immediately stopped going to work but later i found out we were positive after all trying to figure out how is that possible you can get tested that day and then be negative and still get it from someone. >> yep this is unfortunately what's happening with omicron, finding it's extraordinarily infectious. that's why it's sweeping across america right now at breakneck speed, you can be negative in morning and afternoon and positive and infectious later that day, even on pcr test doesn't mean testing isn't important but means we have to be extraordinarily vigilant when we are thinking of gathering in big groups can't rely only on a test. never really could rely only on a test, omicron has made it much more difficult

>> but why doesn't everybody know this? why didn't the president mention it why is it only in boston they shut down the events without proof, how can we stop it? something you get tested in morning and get it in the afternoon? >> well, important thing is that most people, that individual must have been just been exposed, not at high viral load yet, i agree it's making it much more difficult, but doesn't mean testing is not useful. there are many days that somebody is infectious that test will turn positive at population level, if someone isn't infectious will be likely tested positive that same day but will be cases 10, 15 or 20% of people will be still negative when they transmit and only turn positive next day. i agree it is making it

extremely difficult to be able to control this virus, which is why it's spreading like wildfire unfortunately means we need to be testing, wearing masks again, potentially stopping large gatherings so we can reduce the fallout of a situation like this where somebody might be infectious >> i just can't -- won't there be -- likelihood of a super super-spreader event, indoor basketball game, couldn't that just generate -- like one person had measles, whole class got it that day when i was growing up could be on the verge of that? >> we could be, but test will catch most infectious people spewing out so much virus might infect 20 or 30 people in a

building closely packed in would be a true super spreader tests are catching most infectious people. my recommendation, when people have gatherings or events, use rapid test as soon as before an event as possible. 15 minutes before an event, pull out rapid test and use it. don't do it a day before, three days before, even if possible five hours before. do it ten minutes before if possible >> okay. while you're here, president biden said would make 500 million tests available. you know the business better, first of all, is this possible second a pfizer drug could be approved tomorrow, would that be a better approach? making sure every company can produce it finally, there's no 500 million around, is there a secret stash?

>> there's not, there are 500 million tests, billions in the world, but u.s. doesn't have access to all those yet but we're working on it. had a slow regulatory process in the united states, left us far behind our peer nations. what's going to happen, we're going to start seeing tests become available in january, and president is trying to make a big push to get americans these tests. like you said, pfizer about to come out we need to use the tests strategically. pfizer drug is going to come out, doing amazing job of keeping people out of the hospital if you use it within three days of symptom onset and positive result. >> right. >> we need to figure out how to use the rapid tests in verified and authentic way. use it in their home, moment they're infected can get the prescription from pharmacy and

start on the treatment quickly won't be able to rely on slow pcr tests, people having to stand in line sick to get started on treatment early it's something we're doing at emed right now, making it possible for people to get started on treatment really, really fast. >> well, that's exactly what we need thank you so much for coming on, chief science officer of emed. true north all the way "mad money" back after the break. age before beauty? why not both? visibly diminish wrinkled skin in...

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what a day with the market roaring back from lows, hey, santa is coming to town. major crossroads, right. what is real, yesterday's beatdown, today's comeback in confusing, highly charged emotional situation, i like to

fall back on something quantitative, empirical, emotionless. when your feelings cloud your judgment, you're not good enough to be in the game. we're going off the charts with help of carley garner, she really knows commodities, higher probability trading, and s&p 500 is a commodity she predicted that price of oil would pull and and that happened may not realize it but it was 80 at the time. and all the analysts gushing about $100 a barrel. wrong. what does she think of the broader stock market, it is a commodity. garner sees two ways holiday could go, keep recovering like today, melt up into new year and

mode moderately beyond of ♪ hallelujah ♪ or this is a head fake and wake-up call she thinks trajectory of the market is unsustainable. at some point next year or sooner, garner predicts that bulls will get a painful reminder that market can also go down ever since the bottom in march of 2020, we've seen a stunning rally with a few shallow corrections. skeptics looked like fools, right? although i'm only one who calls them out but now garner thinks the market is overcrowded, why she thinks it's time to stop being complacent look at this weekly s&p 500 futures, shows you holdings of small, larger speculators and

commercial hedgers we care about the large ins speculators. october of 2018 before a huge decline that didn't run course until christmas eve of the same year don't like those odds, same thing before another sharp correction gets crowded, you run out of buyers and thing collapses under its own weight, i'm concerned about that garner notes that large speculators are short on futures. long stocks, short bonds but unwinds with portfolio rebalance, could be serious carnage. i think so there's a probable could happen next year, will be ready if it does gains in context monthly chart of the nasdaq 100 futures, 100 largest

nonfinancial stocks in composite. 20 months to rally 10,000 points, by contrast last rally saw a 7,000-point gain over ten years. not sure if tech stocks will consolidate gains trading sideways, which would be good or not. last months ugly for a lot of tech but she wouldn't be surprised with more downside lot of them are the ones i say that make no money s&p 500 itself, the daily chart, trend remains higher, too much money, too few assets, pivot line has acted as floor of support for most of the second

half of the year accept for a temporary breach in september and november pivot line, it's often where it changes course or pivots including yesterday. it's around 4500 right now, as long as it holds, garner thinks merry christmas. typical santa claus rally, predicting the s&p could run to 4920 but support falls, it holds, 150-odd-point pull-back from here, uptrend line started this spring, if that floor collapses, too, would be a sign the trend is changing, at which point expects liquidating holdings next floor of support is 4000,

could get ugly longer term monthly chart. rally not as steep as nasdaq, but it's way above the trend, out of balance breaking through a year ago, garner notes that s&p is trading well above its natural upward slope. historically these breakouts see retest of the broken line. expects the s&p to pull back near the trend line, down almost 14%, that's big hit, 14% if we close below 4000, thinks would pave way for larger correction might sound insanely bearish right now, but 3000 or 2600 could be a target if gets out of hand i'm just the messenger here.

relative strength index is overboard. oscillator is minus two, that's different. action over the last 20 years, reading this high could open door to nasty declines remember that commitment to traders report, bullish side of the trade is crowded when bulls panic, you end up with a stampede that can do tremendous damage. garner is not saying cell signal at this moment right now general trend is higher and thinks s&p is likely to rally through end of the year wouldn't be surprised with new highs either santa claus is coming to town. however garner wants you to understand the rally from march of 2020 is extremely unusual, not how markets usually behave doesn't believe it can last forever. as we're hit with rate hikes next year, steel yourself for ugly action, because rate hikes

are bad for the stock market the charts interpreted by garner suggests that s&p 100 could have more upside thanks to the santa claus rally of december. but in 2022, be less complacent, because this strength won't last forever. let's talk to naveen in california car >> caller: hi, hope you're feeling better after covid infection. >> i am. thanks for well wishes, little bit of a strain but i'm back what's going on? >> caller: i'm a longtime listener, fan and subscriber to action alert portfolio, thanks for all you do for main street investors. >> thank you. >> caller: question about a stock, they have a very good

business for fuel cards and cards, investing heavily in corporate payment space, name is fleetcor flt. it has relatively low -- >> i know fleetcor here's the problem these are companies that have fallen very out of favor anything in the payment space, good or bad, is getting slammed. i like it but right now the payment space is not place to be thanks for being a subscriber with the cnbc investing club i no longer have charitable trust somewhere else charts are saying santa claus is coming to town, i did a solo of that in seventh grade, i sang

ahead of everybody else. not staying for long leadership could have done better job handling covid, i'm giving my take uber for helicopter travel with new twists, don't miss the exclusive, and rapid fire lightning round, stay with cramer

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we know the market soured on all sorts of high flying junior growth stocks even as they rebounded today and that's terrific but companies put up incredible

numbers, too good to ignore, blade air mobility, uber for helicopter travel with new twists reported excellent quarter, sales almost 50% higher than expected getting close to profitability and added business lines that make it so they're more than helicopter for hire company, much more. even better, management had commentary about the quarter, reached precovid levels in customer run rate. jumped yesterday and 5% today. maybe a bargain. worth buying long-term weakness? louis look rob is the ceo, welcome to "mad money." >> thanks for having me, jim >> this is a great moment, i know i prefer to call your

company urban air mobility company and you added things i think are terrific but off the bat, when you started this company, you do not plan on 2026-2027 profitability, this could happen quickly, isn't it >> really is, jim. may be flying helicopters today but not a helicopter company, we're building ecosystem for urban air from terminals for the flight, from safety to technology stat, marketing, roots, branding and all our customers as well. we're doing that in the u.s., now in canada. also doing it for moving human organs for transplant with partner hospitals, both building organically and by acquisition,

and doing this right now at 22% flight margins i know you tell your viewers to invest in profitable companies, profitability is choice for us, could do that, but we're choosing to grow past quarter had little bit over a million dollar adjusted. profitability in terms of core business is really at hand. >> rob, i think it's important for people to understand, and lot of people think -- service sh whatever. i have used blade and been a good customer. but anywhere there's a traffic jam, and you want to get to something, just a short distance on the eastern corridor or other places, fans want to travel. but if they miss first quarter of a game -- isn't it possible to run variable routes and make

money every time if you price it correctly all over the country >> absolutely. our job is find high friction routes, take a long time by car, short time by helicopter, priced effectively. could be going to airport for $195 in five minutes instead of two-hour drive from manhattan west side to kennedy could be flying to ups stadium from new york for a game just like you said, or going to philadelphia to see your favorite teams whenever there's friction, events, airport, city congestion, if we can see the dynamic between reducing friction on the road for time saved, cost effective basis, we'll do it. that great unlock coming is electric vertical aircraft, not because electric but because it's quiet no one is building new

heliports, no infrastructure only built with quiet and emission-free aircraft that increases the market. if i can land next to your house and take you to philly game, much more valuable that you getting in car and going to blade terminal. >> i do want to know, people at home thinking how is he going to afford the helicopters that's the business model correct? >> no. we have operators today, 70 to 100% of their business usually they have to go through strenuous audits for safety. they use operator dashboard to manage flights and branding. they learn about our customer service. lot of the economics come from putting six people on six-person helicopter, before blade, 1.5

people for every six seats reduce the cost, marketing, customer service and we give them accounting dashboard, not unlike walmart we cut their costs, they have hours and operators are happy, we're happy. >> one last question, rob, when you first envisioned this, was not a covid issue. where are you in relation to 2019 and are you unaffected by new wave because as long as you need to get somewhere you're going to get somewhere as long as nobody has covid in your helicopter >> good point. revenues for the year were approximately $51 million, 116% higher than the previous year, and up 62% versus 2019 covid year 100% right because mobility business and having chief medical officer that helped us get into that

business, which provides a lot of installation. transplants for human organs are happening regardless of the pandemic, gives us insulation. but we were first to institute mandatory masks on helicopters and mandatory blood oxygen saturation level testing and first to have mandated you must be fully vaccinated to go on any blade flight, long or short haul in the beginning, we were all flames on twitter. you know it well, more than a lot of people. but i think our customers and staff feel safe and it's all in all been great for the company. >> i think you're right. we wrote you up as one of the few that should be bought ahead of time. you have a real business model, a real operator, and no-nonsense

business rob wooesen that'll, come back next quarter, okay >> thanks a lot, jim >> "mad money" is back after the break. >> announcer: coming up, a storm is coming. give us a call, cramer's got the answers to all your burning questions. the lightning round is next. feel stuck with your finances? ♪♪ move your money to sofi. download the app and feel what it's like to get your money right. firefighter maggie gronewald knows how to handle dry weather... ...and dry, cracked skin. new gold bond advanced healing ointment. restore healthy skin, with no sticky feeling. gold bond. champion your skin.

>> announcer: lightning round is sponsored by td ameritrade [ bell ringing ] >> it is time. it is time for the lightning round. you say the name of the stock. i don't know the calls or the name of the stock ahead of time. i tell you whether to buy or sell. play this sound. [ buzzer ]

and then the lightning round is over are you ready, skee-daddy? let's start with john in new york. >> caller: big boo-yah from staten island, new york. >> we don't get enough people from staten island calling what's happening >> caller: that's where the wall street money is. >> i like that, beautiful. >> caller: i like to do -- i did investing, like looking for small companies that i think is going to be up-and-coming. did research on company inty >> i got to tell you, that one makes no sense it's down here. i think it's really good one maybe buy even more than you have i don't get it, i think this stock -- remember this company actually makes money it's real good, big boys are going to come to it. nice call. marc in south carolina >> hi, jim, watching ever since

you recommended regeneron at $5 a share. >> my first guess. >> caller: i know. exciting about this company, amazon are major investors, and one of the most successful biotech firms in history with shares buying hand over fist, flush with cash. 350 million in the bank. naut >> nautilus, that's interesting company. look, this one is too small for me to point and say you're going to love it i got to do work on it does seem strange because looks like they're very involved, let me do work alex in louisiana. >> caller: hey, jim, appreciate

the opportunity to speak with you, wishing you speedy recovery. >> thank you, buddy, really appreciate it. what's up? >> caller: my question is corning. had eye on corning for years because gorilla glass is used across manufacturers and product lines from everything, apple to android, apple invested 45 million this year. >> they're unassailable in manufacturing but there are so many better companies, can't recommend the stock. jim in iowa. >> caller: thanks for taking my call, happy holidays >> same to you what's going on? >> caller: as retiree, i use dividends for income iet pays $8 per year dividend on

the $50 stock. do you think that's sustainable? >> no. i think it's variable, is the problem. i don't know what is in icon enterprises, he doesn't tell us. wish i knew, it's too much of a black box for me to recommend. that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade ♪ ♪ ♪ ♪ ♪ ♪ at cdw, we get today your hybrid organization depends on different networks, different devices and different ways of working. so how do you manage to keep everything together?

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this morning i trashed an alphabet soup of federal health industries for epic failure of leadership maybe president biden was listening, finally taking tough action to address the omicron variant by doing things he should have been doing ages ago. maybe he's watching? wouldn't be craziest thing one thing for certain, glad he stopped deferring to health regulators in this country they've spent last two years confusing heck out of us, answering to no one. not just lobbing bombs, i have criticism and concrete solutions. cdc, nih and fda all over when should have been speaking with a clear voice. second, they need to admit there's a lot we don't know. i learned when i worked at

goldman sachs, i don't know is a legitimate answer. all they had to do was say we don't know anything but that it can kill you when we got the vaccines, just say we don't know if stop new strains, will be new strains, but know you'll be a lot less likely to die if you get your shots. that's it. no false promises, just facts, ma'am, just the facts. how many shots will you need should have left that ambiguous. right now we think we need three but probably need more boosters as time goes on. earlier bogus certainty sickens me many in the drug community knew would be three shots, maybe more should have spent time talking about acceptable risk. if you want to try to stay safe, follow social distancing protocols, take the vaccine, but if you want to live as normal,

risk is on you but too many rushed for definitive statements. they blew it with masks, did nothing out of the game and changing course, wrecked the mask initiative. blew it with vaccines overselling them you can still get covid but virus does a lot less damage i'm really glad the white house is showing leadership and taking charge biden talking about getting vaccinated as patriotic duty, eisenhower style like we begged him to do. and making it easier to get tested like should have done from the beginning, not insurance company vouchers but where is he going to get 500 million promised tests, secret

stash? i don't think they're available. make it more like tobacco. tried hard to get people to stop smoke. didn't work. plenty still smoke, they're assuming risk. don't want them to spread it to us via secondhand smoke so don't let them light up indoors and businesses should be allowed to not let in people not vaccinated, beyond that not much more can be done now that biden is trying to roll out mass testing. nation is too divided. clearly not another lockdown, thank heavens. should be making aggressive push to get everyone vaccinated but if you don't want to get your shots, make it clear you're on your own if pfizer has antiviral to be approved tomorrow and can't make enough, feds should commandeer it under the defense production act and make a lot of other drug companies produce it, too, and it's not that hard to make it's

said all would be easier if they spoke as one with lot more clarity, humility and maybe with the facts at hand. i like to sa there's always a bull market somewhere and i promise to find it for you right here at "mad money. i'm jim cramer see you tomorrow >> covid still surging, but is it time to make a change in guidelines for people who are infected i'm shepard smith. this is the news on cnbc >> battling back covid president biden pushes a new strategy >> the federal government will purchase one half billion, billion with a "b" additional at-home rapid tests. >> is it too little too late plus the calls to shorten the cdc's isolation rules. >> millions online supporting a trucker an a judge sentenced him to more than 100 years i