look no further than walgreen's, wba. hoe p-e. >> i'm not a beyond chicken guy, but i like the shake shack chicken shack and i never liked it anyway, so that one is fine >> guy >> no comment on any of that stuff. halliburton, sister, my mission is simple, to make you money i'm 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. welcome to cramerica other people want to make friends, i'm trying to make you money. call me at 1-800-743-cnbc or tweet me @jimcramer. once the high flyers fall apart, they almost become impossible to value.

there's a schism dow gained and the s&p was roughly flat the nasdaq crumbled. it was down a heck of a lot more before short coverage came in. when you see these kind of tech meltdowns it makes you kind of tear your hair out some of us don't have any left you look at the declines in snowflake, crowd strike, salesforce high flying tech stocks are plunging for the same reason big banks are soaring. we have a sector rotation. nothing to do with the companies, everything to do with the nature of the street this rotation is more to do with volleyball than the companies that are pelotoning, i mean plummeting i hate to say i told you so. i've been telling you to transition out of them the new year would not be kind to them. i made that very important i department know it would be

this vicious take a stock like octa this identity verification has great revenue growth but loses fortunes why not? octa is in the identity business their sales have quadrupled. they've owned the whole space which is why they've been able to spend a lot of money for greatness. as long as they kept beating the sales estimates they would raise the price markets and the stocks would go high enough momentum that was the old market. that was when the fed was your friend and now the fed is your foe. suddenly money managers want actual shares. no one knows how to value the stock of okta. the result, okta has gone into free fall. i have no idea when that fall will be broken even when the stock is down 80 points from the high i don't mean to pick on okta

there are literally dozens upon dozens of these nosebleed valuation stocks, okta is just among the best of them that makes it the best house in an awful neighborhood. let's talk about the opposite, john deere they dig things, haul things and plant crops. wanted to move around massive 5 inch slaps from a gigantic dead ash tree, we brought in a deere to do the job. when i wanted to create a path, i used my deere backhoe. a decent chunk is going to deere. fortunately deere only trades at 16 times earnings not sales unlike okta which has seen the share count balloon from 165 million to 155 million deere has shrunk from 324 to 328. it pays a small dividend most importantly, it is a p

prosaic, generic company it has a massive new farm cycle. above all deere is easily understood how about okta many share owners own this one only because they think it was going higher momentum they don't have the first clue what it does beyond making okta's now that wall street is no longer willing to value stocks, they don't know what to pay for it either. more accurately, they don't know how low it can be sold, when the selling will be stopped. no buy back, no dividend, no floor. deere on the other hand has a defined set of shares and the strong possibility that wall street will be able to reward it because of the ag cycle and the infrastructure bill. the stock is 5% cheaper. whether it jumped 6% today the polar opposite of what we've been seeing in the nasdaq. now let's step back from the world of tractors versus identity management software so we can focus on interest rates hedge fund managers have a very similar and simple trade book.

when rates are headed higher, which they are, you have to abandon the stocks of companies that are valued based on the out years because that future is getting less enticing. high inflation means the value will be eroded instead at this point in the business cycle the playbook says you have to go with more tangible companies that make real things and generate real profits. make things. get paid for them. profitable conceptual is out, tangible is in so what's that mean for these two groups at this point if any of these conceptual companies has a revenue short fall their stocks will be obliterated. there's zero margin for error. tangibles? market is there for the giving boeing, 787, 737 max military contracts, you name it. the stock's rallied more than 10 bucks this week. this morning some analysts go up to 2022 when they get their act together i live in hope at this point the stock can

rally regardless because it's back in style in the wall street fashion show another reason we have it. if it actually gets some orders, wowza. today ford came out and said it can make 150,000 electric f-150s for the longest time you couldn't give the stock away nobody cared about jim farley's electric pickup truck. now they appreciate an old dog doing new tricks ford currently sells 12 times earnings i think it deserves a much higher valuation i don't want to slight gm. big interview with phil lebeau and mary bower and they're losing the u.s. sales to toyota. there are other stocks that are flying with nothing going on like wells fargo nesting club name. very inexpensive wells broke out for a second

day. the stock of jpmorgan got slashed. honeywell saw its stock get downgraded with some comps that made me feel like management is out to lunch totally not true that same analyst suggested ge was a better buy they could do worse. it's not as simple as tech versus non-tech. there are plenty of cheap nontangible tech products. these are easily valued businesses that have a john deere like feel. interest rates won't go straight up even as buying yields are ripping today. the fed may not put through four rate hikes but the bottom line okta versus deere is the best way to understand the market okta, deere. no, it's not u.s. versus holmes. okta is guilty of something. it's guilty of being expensive maybe that's the only thing that matters in this market let's go to patrice in

washington patrice? >> caller: hi, jim thanks for taking the call i wanted to ask you about a stock in the apparel space i think consumers are going to go to responsible consumption and they care about esg. the stock is rent. rent the runway. should i pick up more of it in 2022. >> i will say this about rent the runway it is losing a huge amount of money and when i see that, patrice, i don't want it i'd rather there are so many companies in the mall that are making a ton of money, and that's where you want to be. there's a schism between high valuation stocks and the rest of the market okta, great example, company we like very much, versus deere, another one. best way to understand it. "mad" tonight. yesterday we covered the s&p now we're covering the nasdaq. i'm taking a look at the top 20 stocks in the tech heavy index then we're covering the losers to see if some stocks that got crushed could create buy

opportunities in 2022 and can rapid testing hold the key to keep the country open safely i'm talking to the expert in the field. so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to "mad money" tw money" @cnbc.com or call us at 1-800-743-cnbc miss something head to "mad money" dot cnbc dotcom

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because they're so huge. only alphabet managed to make the top 10 that was up 65%. how about the other winners? certainly worth a gander the top performers, lucid group up 280%. the electric vehicle play that came public last year via spac merger in a world where the fed is your friend i can't blame anyone from trying to find the next tesla. lucid looks like a good enough candidate. they're giving tesla a run for their money in the luxury department we're now in a world where the fed is talking about titan which makes these early stage stories a lot more difficult let me put it this way lucid is a $64 billion company that only plans to make 20,000 vehicles this year as much as i love the story, i hate the timing especially with another lockup expiration and deluge coming later this month the last one crushed the stock

we don't know how many cars they've been able to make yet. think about what happened with ford today if they can do 150,000 vehicles, not worth that much more than lucid. that's just for the light model. next there's some overlap between the s&p and the nasdaq 100. with the second, third, fourth biggest winners, moderna, fortnite and nvnvidia let's jump to number 5, marvell tech it's now at 88 during this period the company has grown into a fabulous play on 5g wireless and computing for the data center. when ceo matt murphy took over, marvell was doing well it's become essential to the two best sectored trends out there again, that's the 5g and the data center. i think it can keep working in

2022 this is a real company with real products and real products it was barely off even as the rest of tech was down. talking about 30% organic revenue growth here, people. speaking of chips. the whole semiconductor capital chips has been on fire that's why applied materials can take 82% to become the sixth best performer coming in 9th, asml coming in 11th they're joined at the hip by the etfs rather than being hostage to any particular chip, the semiconductor conductor makers are all about secular growth, being used in business, autos where the amount of semiconductor content has tripled over the last decade i'd be a buyer any time someone downgrades them. i say so what. they deserve to be expensive the demand for the product is tremendous there are only a handful of players left in the space.

they've merged, merged, merged think of them as the limited arms dealers in the semiconductor cold war i'd buy them on any dip, however shallow. you've got to pull the trigger here applied materials had a short fall and the stock still was up 82%. the meltdown of the cloud stocks data door. maybe that shouldn't be so surprising being up 82%. it's in the cloud based monitoring data dog is now profoundly out of style in the wall street fashion show many of the competitors are at a 52-week low. it lost 8% of its value for no particular reason and toppled 3.7% today at least the velocity is slowing. honestly, echos all the newly minted cloud stocks. fairly or unfairly they all tend to sink or swim together

it's unfair, the market's unfair number 8, if you wanted to bet on which of the top 10 nasdaq 100 names could compete, i put my money on intuit, the small business helper that has everything you need to track your credit score, do your bookkeeping. the stock was up 76% i wouldn't be surprised if it could have another monster year. they purchased credit karma and mail chimp even though both companies have stupid names. extending the reach into small business and making them more dispensable. as a small business owner, i don't know what to do without them both are a way to stay organized and keep costs down. i really admire intuit and its management, always have. i am not daunted by the current decline. it's now down more than 100 points from its high even as business is going gangbusters. that appeals to me

we've talked about number 9, kla. let's jump to number 10. normally known as google alphabet stock finished up 65% and some would say it was merely playing catchup. i think it's a little more complicated than that. a bigger hit in 2020 they got a bigger boost last year when the travel industry started showing signs of life spending money it's only going to get better. on top of all of that, a lot of tech enthusiasts this is a year when a man i'm trying to get on the show, thomas curian started winning huge business from google cloud my opinion he could have done it last year but the company lacked the infrastructure to handle customer demand number 11 is asml. the 12th best performer is at lassian, tt-e-a-m.

120k up 6 -- stock up 62%. i was struck by the simplicity and beauty of it not to mention the low cost now again there too many businesses in collaborative software that's putting enormous pressure i like the company, customer base the product seems indispensable. it's totally out of style. if you want to stick with it, get used to pain i don't like or solicit pain, not that there's anything wrong with it. number 13, zscale, how can i help you i like this the same way i like okta they're both about zero trust for identification to keep out hackers. right now there's zero trust for the stock. this is another one that's out of style that needs to smash the earnings estimates i'm calling zscaler even on a bounce untouchable and i like

the company. finally there's amd run by lisa suh. my charitable trust, stock climbed 57%. every year it gives you a few great buying opportunities i bet you get the next moment that closes and it will make them more of a telco my attitude on amd is the same as apple, own it don't trade it. here's the bottom line, many of these nasdaq winners have fallen out of favor and become incredibly dangerous but the more tangible ones, the ones that you can grasp that have -- make something, that do something make them work here. michael in georgia michael. >> caller: yes, sir. i'm calling about bed, bath & beyond since they did that deal with kroger with 2800 stores in 35 states i believe they're going to beat earnings

>> bed, bath is going to report this week. they have to do two things one, they have to demonstrate bye-bye baby is worth the price of the stock and they have to demonstrate the deal that they just mentioned actually is worth something. i don't know about the latter, but the former, i've got to tell you, i think bye-bye baby -- i think harmon is worth a great deal many have fallen out of favor. the more tangible ones can still work the one i'm highlighting here as my fave is intuit, amd charitable trust owns that, marvell, nvidiaand alphabet. i like all of those. be careful of the insider selling of lucid much more "mad money" coming in. what are the ten losers of the nasdaq i'll tell you if there's diamonds in the rough. i'm talking covid's latest wave with the leader in the space

that really knows testing. what's next for the latest meme stocks? amc and gamestop guerrillas, stay tuned you're going to wish i spelled it guer-u-e-r-r-i-l-l-ag-u-e-r-. stay with cramer

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my, how the mighty have fallen when you look at the ten worst performers in the nasdaq 100 from last year, it's shocking how many of these were not post covid related declines. anyone who follows the stock market can name the worst, that's peloton pretty much everything that could go wrong did go wrong. buying a new treadmill, highly fashionable debt and need to raise cash not long after we were told they were fine for

money. it's wonder peloton stock post covid or whatever we call ourselves isn't even lower now tax law is horrific. a bounce cannot be ruled out, but in the end exercise equipment has never been a great business and it will be difficult for peloton to compete as people start feeling safe enough to return to the gym. that's at the oxford english dictionary always good to remember that, that little definition next, i'm going to lump three chinese stocks together in a smoldering tub of gu the second biggest loser, an ecommerce platform down 66%. the sixth worst, baidu and the eighth worse, jd dolt com. you can say i'm a skeptic of china. i just take the regime for what it's worth it's always been terrible with

human rights they're cracking down on capitalism that's bad for business. i want to avoid all of these stocks the thing is, wall street still loves china. as if nothing has changed at all. has a powerful long-term growth strategy there's always another bounce for some cred due louse sucker analyst who thinks the government is about to change course for the stocks that have had enough you need to ignore them. i don't know how simple i can make this. as long as president xi continues his crackdown on wealth, it's too risky to ones own these stocks even carl marx wouldn't recommend communism. remember the shameless bankers, ticker signal mao is still available. if they have any problems, they can get my little recommendation book which is called quotations from karen mao pick a page. here's one sell pinduoduo, baidu and

jd.com very helpful to have the handbook third worst could be under valued that's zoom video. 10% of the capitalization in cash many up to software and enterprise as long as zoom tries to go it alone the price to earnings multiple it trades at 40 times earnings i bet it can get cheaper that's better than where it was last year. 50 times sales full disclosure, my stepson works there. what surprises me with zoom is that the stock keeps sinking even as delta, now omicron, keeps forcing people to work from home. 1 million infections in the last 24 hours and zoom was down more than 2% today. it's almost as if people view this as utility. plenty of growth but not enough to maintain valuation. it would have diversified. could have kept the stock from

plummeting you can't give up on zoom because the opportunity remains enormous it has to be seized if the current strategy can't reverse the downward trajectory. fourth, what happened to splunk? i know it got pelotoned but let's talk about this. this is a cloud based company. why did doug merits leave without explanation. the fact that he could disappear one day doesn't sit well with me how can i buy stock with a company where they say they are making a fabulous transition when he's here today and gone tomorrow right about when they're about to do it, complete the transition i know splunk's market cap has already shrunk 24 billion in 2020 to 18 billion today but so what without transparency it's still a sell even after last year's 32% decline. for now splunk is simply the sound it makes on the way down

i wonder if we have to go splunking to find doug fifth worst performer, docusign. this is more about a stock that flew too close to the sun than anything with the actual business docusign has completely digitized the process of signing documents like contracts when will be the right time to pounce but i'm put off by the valuations because this sells at nearly 60 times earnings over the center rate hike is on the way. that multiple will shrink even if the underlying earnings will soar like zoom, docusign needs to show something, something to show that it's taking advantage of the new found size and reach. so far it has not done so. this is not a niche company but i fear it could end up being like fin tech, destined to fall back to earth and it still might have a long way to go. again, this is a great company, okay this -- i was on this today. it's a great company my wife actually wrote this, bra's off, people, lease is on

jog bra i should have say. skipping down after baidu, we get to the seventh worst performer, activision blizzard we covered in yesterday's s&p 500 and the afore mentioned jd.com and another china loser i have the quotations from chairman mao oops, no, this is another book you can use. this is 50 cents analysis which is probably where it's going ha ha. let me see, do we have anything on -- just reiterate it say the reiterate, sell but if you want another great example of the agonizing process, i want you to look no further than the ninth worst performer. a company, mccardle libre. the ebay of latin america. i've long admired how it's become the classifieds for an entire continent

it continues to do incredibly well, business is fantastic. why did the stock fall the stock sells more than 400 times last year's earnings nobody wants that kind of high flyer in this new environment where the fed is no longer your friend you can try to justify it by saying the $62 billion market cap is too small but that's too amorphous for the market it's come down so far from its highs that i'd rather be a buyer than a seller all thee that's this one talk about tough the tenth worst performer is the charitable trust, ouch, paypal a company with a 20% plus growth rate that got tripped up and its inability to forecast how much business might be lost in the separation process at the exact same time the whole fin tech group went out of style. rising competition from square to affirm, affirm stock has been tough. paypal is the steadiest business in the group you have to wonder if it can trade 36 times this year's, 28

times next year's. down 40. we're going to stick it out for the cnbc investing club. it's already down more than 100 points from where it traded finishing thor off 20% it could take time be careful this stock is one step forward and one step back as we've seen almost exactly the last couple days finally, here's a bonus. t mobile with the stock down 14%. it has repeatedly trounced the numbers. this has become a real mess. competition galore on this list i think t-mobile gives you the best chance of a bounce now it's arguably the best network in the nation the bottom line. looking at the worst performers, there are a lot of names that should keep losing now if the fed is your foe. opportunities if you're willing to be patient. will it stay patient t-mobile seems like a bounce candidate and, i don't know, where in the world is waldo

merit? now i want to go to jason in florida. jason. >> caller: boo-yah, jim. it's jason in miami. we love the show. >> thank you. >> caller: true to form, you are the hardest working man in show business. >> i sure try to be. i was up at 3:30 this morning because i wanted to get the jump on all the bad guys. >> caller: i love it we'd like to talk disney after hitting 200 it had a pretty bad year. we like the subscriber base, we like what's happened with typhoon la green opening, couple new movies we see it as a buy but would love your thoughts. >> i've been putting up stuff for the charitable trust for the product for the cnbc investing club i've got to tell you, i'm a little beaten up by disney i thought it could have a better run. people want to see omicron go through us i think the parks are good the montage, espn correctly. i have ideas finally, yes, disney+ has to have more content and then we'll

feel better, but i am not leaving that stock now you can see i said i'm not deserting paypal and i'm not deserting disney, two losers so far in the year that was 2021. new year, some new opportunities. now you know which of the worst nasdaq performers could be new winners if you're patient. i also tell you which ones could be pelotoned that's right from the dictionary, oxford english language dictionary that i've made up in my head much more "mad money." is it the time we face covid i'm investigating all that was robinhood merriment and all of your calls, rapid fire in tonight's edition ofthe lightning ruinound so stay with cramer 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.

yesterday hit a grim record with more than 1 million covid cases. while that includes delayed numbers from the weekend and under counts it because it doesn't include at-home tests. that's why tonight i wanted to check back in with an epidemiologist from emed he's probably also the nation's foremast expert on covid testing. welcome back. >> thanks so much. happy to be here. >> thank you doctor, i kind of went off the deep end the other day because what happened to me, i was at a party where everyone had to be tested for pcr you had to bring the sheet which said you were negative went to the party and the person i was next to actually gave me covid. and what i've been thinking is

is that perhaps the way we test, which is a pcr in the morning, go to event in the evening may not be the most accurate way to be able to prevent getting omicron. >> yeah. i mean, one of the best things about a rapid test is you can use it right before the event of interest now so if you're going to an event, use it -- i've said if you're going before christmas and new year's or when they were coming up, i said use a test 15 minutes beforehand that will give you the best chance of identifying that you are positive right before you walk into that event and infect other people around you. >> well, i know i've got some tests. i read a great piece in the atlantic i have some tests. i like to test because i work with a bunch of people what struck me is the president said we might have 500 million tests so i never thought it would be a bad thing to have a bunch of tests where are the 500 million? >> well, you know, i mean, they don't exist yet in the united

states they exist everywhere else in the world. the tests are in abundance in europe there are plenty of manufacturers of these tests the u.s. has really lagged in getting them out and what it means is that now we have to be extremely strategic about how we use these because unfortunately despite, as we've discussed for over a year now, we needed these tests. we needed a project warp speed to get tests into american's hands. i've been saying it for over a year we find ourselves here today and now we have to be strategic. we don't have the plentiful number of tests for public use that we needed what we have to do is figure out where are the tests most beneficial we have to be prepositioning these tests in people's homes who are vulnerable so they can get treatment with the pfizer drug early we have to be allowing the tests to be useful after somebody uses it to get a report that they can then use to get a prescription or perhaps going to work, go to a nursing home there's no reason today that

anyone should be walking into a nursing home without taking one of these tests and being able to show proof that they tested right before they walked in, especially with omicron today. >> well, i saw the prices for the tests that are currently available went up again last night. that seems to be incorrect -- wrong to me. i know that maybe the fda is blocking all the tests that we can get from overseas. at the u.k. you can get one every day for free >> yeah. we don't have a lot of market competition in this country. we have allowed testing to be, you know, at the whim of private and public companies if we are going to put public health in the hands of industry, then we have to have the government support it. we heard last summer, for example, that abbott shredded their tests. that led to outcries, but the fact is government should have supported abbott in pre-purchases so that abbott didn't have to take a gamble if we're going to ask companies

like abbott to be the public health intervenors in this pandemic, then our government at the very least needs to support it with all its weight and what we have seen thus far is we have been slow to regulate, we've been slow to get them out in america and we've been slow to support these efforts. >> i've got a statement this weekend from the cdc given what we currently know about the covid-19 and omicron variant, cdc is shortening the time of isolation. everybody i talk to, i deal with a lot of rigorous doctors. no one thought this was coming my doctor said, look -- my doctor's involved with the complex and he said, listen, after ten days and you test, you're okay. but this was five days no test i mean, where's the science for this >> you know, there isn't there was some -- there was reasoning but the fact is, lots of people, you know, i would bet 30% of people at day five post symptoms, especially with

omicron because symptoms have shifted forward, are still infectious they're still potentially highly infectious at day five i do hope the cdc walks it back and suggests that, yes, testing is a crucial component if you're leaving isolation at day five, do it with a test because regardless, positive people in isolation at day five are still some of the highest, highest risk people if not the highest group of people in terms of their risk for spreading to others. >> we don't necessarily -- the engine -- should we get rid of the expensive pcr tests? >> yeah. i've been saying for a long time pcr is too sensitive it never answered the question do we need to isolate? antigen test does. >> i've got to tell you, dr. mina, it's very depressing you could have saved a lot of lives. thank you for coming on the show, dr. michael mina

if you had just listened to what he said, believe me, i don't want to say it would have gone away, but, boy, we would be in a different place. thank you, doctor. i appreciate it. "mad money" is back after the break. >> announcer: coming up next. >> what have we got. >> announcer: cramer is bringing the thunder and answering your burning questions in today's edition of the lightning round

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it is time it's time for the lightning round. and then the lightning round is over are you ready skee-daddy start with kevin in florida.

kevin. >> caller: hey, professor cramer my question is about teledoc. >> too much competition. too much competition in that business don't want to own it let's go to bob in new york. bob. >> caller: hey, jim. thank you for all you do >> oh, you're quite welcome. >> caller: hey, i'm looking at quel threads symbol xm. >> it has a major up side surprise the valuation is such that people don't want to own it until they start making money. paul >> caller: boo-yah from alabama. >> boo-yah, paul >> caller: want to check on a company called otter tail. >> i like it i like the name too. always have. kevin in michigan. kevin. >> caller: hey, jim. boo-yah. >> boo-yah

>> caller: stock is oppenheimer holdings. >> that is one cheap stock it has not participated in the financial rally. i think it should. let's go to bob in massachusetts. bob. >> caller: happy new year and greetings from boston. >> thank you. >> caller: just a quick question what's your thoughts on aca, the old apache. >> apache turned out to be -- krispen stuck it out he's doing good. i think apache works i was quite premature. how about norman in new york norman >> caller: hey, jim. i can't believe i'm actually doing this i've been listening to you for years. >> okay. >> caller: my favorite jimmism is bulls make money, bears make money and pigs get slaughtered highly volatile stock. mosaic the tariffs are running out and foreign producers have a lower

cost structure what's your outlook for mosaic >> it's about the only game in town i think the ferts can go still higher fertilizers. i like it. brian, delaware. brian. >> caller: mr. cramer. >> yes. >> caller: how are you >> i'm good. thank you. how are you? >> caller: i'm good. i'm looking at something with a 15% dividend down nearly 25% from the one year high of $69 talking about iep icon enterprise. >> the problem is i don't know what's in that company i watch it go down, down, down total -- if there was total transparency i can recommend it but i can't. >> let's go to steve in my home state of new jersey. steve. >> caller: hey, jim. happy new year. >> happy new year to you, steve. >> caller: i was looking at drug stocks can you give me your opinion of vertex >> it had a stumble with cystic

fibrosis i like the company i think it's a very interesting drug stock that sells at a low multiple bob in florida >> caller: what's up, jim? >> not much, jim >> caller: ebix. >> ecommerce for the insurance industry so many people want to do that i don't want to be there anymore. too many people facing too few customers. that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade it's been a year since investors piled into amc and gamestop in droves, but cramer's explaining how they might still be setting investors up for failure a year later next.

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what happened to all of those excited robinhood traders who discovered the market in 2020 and what fallen angels like ford and ge? are they making out like bandits now that they're soaring i'm not so sure. i think they got way layed last year i think they're still stuck in the knaus is see eighting run of amc and game stock many like to buy call options or they like to buy the worst of the worst of whatever cryptocurrency is selling at a low price. we're about to analyze the gamestop, amc and brolio in retrospecti think it steere people in the wrong direction.

it started with incredible buying in gamestop when the robinhood cohort thought they should use their buying power and overstayed their welcome then the cheerleaders seized on an icon. co-founder of chewy no longer involved joined the board. over the course of last year it went from 17 to $400 interday before it opened that day. it was annihilation against the short sellers. right here i called in from my hospital bed and told you to sell at 400, which i have forever been viewed great. the stock stayed high until we realized that nothing else was going to materialize aside from the company taking the opportunity to raise cash with ryan pretty much running the show a year later and we are still waiting for the new gamestop same thing happened with amc a stock that went from $9 in may to $62 in june while they raised

enough capital to stay solvent the fishal moves, fantastic, you've made a fortune. since then there hasn't been much of an encore. there is nothing to get behind it at least not in a sustained basis. they would like to bet on something like dogecoin. it was created as a joke the punch line is the entire asset class. the problemcolytes of gamestop and amc even as they became an army of memes all seemed pretty frivolous in retrospect they tried to meme some stocks but these moves mostly failed miserably. wendy's, good company. spike was ridiculous they did the gaming. now periodically you'd see some stocks trading before the market

got out. all of this is such a shame. this was such a good opportunity to get people into the stock market, looking, understanding, buying companies it steered them away from the market sure, maybe the beloved gamestop will turn to something more than a game maybe it can have tens of millions of shares overnight that's what i would do if adam aaron the ceo had the authority. what should these young investors do i think they should use their considerable skills, they identified amc, identified gamestop in understanding what they and their friends use for tech in other words, the fundamentals they should figure out what's selling well in retail they should try to invest in their favorite restaurant chains or favorite websites, okay amc and gamestop, after the first months of games they're traps against the short sellers. going forward i don't see them having much up side unless their ceos find a way to create new

revenue streams out of thin air. either of them had a plan i think we would have heard it by now. happy anniversary to all those people who made money in gamestop maybe it's gone. time to move on. i like to say there's always a bull market stwr i promise to try to find it for you right here on "mad money." i'm jim if to florida and watch joe mess up daily. the new text messages just released by the january 6th committee. i'm kelly evans for shepard smith. this is "the news" on cnbc president biden addresses the nation. >> be concerned with omicron but don't be alarmed, and if you're unvaccinated you have some reason to be alarmed. >> as infections soar to new heights, his plan to ramp up the fight against covid-19. >> they are a game changer. >> thousands o