the time being i'm trying to have it repainted and maybe bring some nice curtains in. it's always good to have, you know, the accoutrements in your background liand room raider will do me a sod my mission is simple, to make you money i'm here to level the playing field for all investors. there is 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 make friends, i want to make money my job is to educate and teach call me at 800-743-cnbc or tweet me at jim cramer the growth selling may be over and the value selling may have begun. hey that is my takeaway from

today's action a good day where the dow gains and the growth heavy nasdaq rally 3.41%. wall has discovered why like growth and disliked value for years on end so allow me to explain the timeline for almost the entire month, two things were self-evident, growth is dangerous and value is seth the growth stocks went untujered and we know that historically higher rates are a head wind for growth names it is been a nightmare that we've been trapped in since jay powell turned hawkish in late november some didn't get the memo that growth had gone out of style until netflix reported and of course netflix imploded and that was a week and a half ago. reporting unexpected slowdown that caused the stock to shed

more than 20% of the value and bringing down a whole cohort but the pain has been so intense for so long that rather than marking the beginning of the big growth sell-off, i wonder where the netflix meltdown was more like the day new mon we hava big industrial value, reporting sub par numbers that made us suggest the legitimacy of the rally er that feeling the sting of supply chain woes and port congestion and worst of all covid. yes, they have had to work hard to staff or to overcompensate the freight needs and the semiconductors in every aspect surprised and they realize that the manufacturers need older chips. sure they're being produced but not as many as we need and the pesky port problems are the heart of the supply chain crisis finally covid, they can't send people to work from home they need the workers to show up

at the factory in person but this is a breeding ground for the virus. put it all together and the industrial value stocks looked lot less like safe havens than people thought they were but that is not enough to turn the market on its head they needed to remove the sting of netflix and the fed's harsh turn to make that happen they needed a champion a reminder that growth could still produce good results and you know what it came along in the form of service now. yes. we got it last wednesday when service now reported a tremendous quarter one devoid of supply chain woes, covid problems, port congestion, delays and semiconductor shortages, those were all of the problems of the value industrials not a cloud base software stock like service now and boeing reported and every problem under the sun, something you never see from growth

stocks nasty cost overruns and charges. oh, i had a conversation with boeing and conversations with service now and they were so different. bill mcdermott came on squawk on the street and he was so bullish. the amount of business surface business is doing, the juggernaut versus the ground that is boeing now the night before microsoft reported that growth haters came out in full force betting there had to be something wrong related to azure saying that the after hours trading but when the cfo amy hood had some good things to say about azure midway through the conference call, knowledgeable buyers took microsoft right back up to the 290s again no semiconductors. thursday we got apple, which delivered fln astounding quarter, only dinged by production woes. yes, inflation was mentioned but it didn't really play a role

an management did say that product shortages had already been solved for the first quarter. a great company that makes things that makes profits. but at same time a fin tech, one of the older ones but a fin tech mastercard reported a blockbuster quarter and even mentioned cross border business was picking up that is travel related business. it is a covid reopening with no supply chain or factories to get sick at. then on friday, robin hood, reported one of the worst of the year the stock ends up higher we didn't learn until later that night, that cathie wood, was creating a bottom herself with her investing. but the fact that she could even do that matters tremendous then chevron, the darling of the value bulls, missed numbers. how is that possible given the rise of oil? well it turns out there is a whole lot of moving parts to opening oil. it was a rude awakening that value in the oil patch is mighty

hard to understand reed hasting we learned that bought $20 million of his own stock at an average price of $388 a nice discount from today as $427 price why would hastings does that doesn't he know that streamk services are stuck in the mud. i think the answer is simple insiders buy for one reason. they believe the stock is going higher does he know more than us? he's the ceo yeah, i think he did and reminder, remember how the growth stocks sell-off started a long time ago back in november do you know that netflix traded as high as 700 back then this company a full site of content coming oust post covid had the stock down 50% that was cut in half what else. just when he thought that the bulls deserted tesla, credit suisse said tesla is still the winner in the newest industrial revolution, the end of the internal combustion engine and

great hold to buy. and what may have been the exact bottom of growth, perhaps the appearance this morning, this very morning on "squawk box" of matthew tuttle the creative guy who fathered an etf that bets against cathie wood or woods as he called her with the fund that had gained 61% since the peak of growth investing in november. bulls make money, bears make money. but pigs, slaughtered. how long could this growth rebound rally last as long as the value stocks have to deal with supply chain and semi and covid worries plus there is a virtual shut down of software analytics companies that save money with realtime great on boarding. spacs are being bashed left and right. take away the bad growth that makes nothing or selling next to nothing and the real growth stocks could shine i've never been a true believer

in the growth versus value dichotomy. i prefer to look for quality companies with great management, regardless of which category they belong to i don't want a company that makes excuses, even when they make sense that is a nightmare. beaten rays will take sense for me i want to make a lot of money doing so at this point there is so much money invested in value stocks that it won't be an overnight shift and i'm sure some industrials have overcome, otis elevator looked at numbers down upon because then the stock snapped right back think that is because it didn't have these curses. but i'm betting that is a rarity meanwhile two big semis, serious logic and fin reported great numbers. these were immediately greeted with higher prices in the after market the bottom line, if you want a value stock here, pick one where we know there aren't any supply chain, semiconductor or covid

woes otherwise, it is going to be tough without owning some prediktsable, profitable growth. george in california >> caller: hey, jim. thanks for your valuable work on behalf of retail members i'm a charter member of the cnbc investing club and the information for members is excellent. >> oh, your terrific i hope you watched the 10:20 morning meeting. we have such a good time doing it. >> caller: i do. it is terrific. >> fantastic than thank you, and look forward to later this week when we have our call what is going on. >> caller: so my question is about semiconductor maker sky works solution they did very well last year but with apple as one of the largest customers, how at risk is sky works if apple as reported in the press plans to replace sky works chips with apple's own chips. >> that is always a probability. sky works is doing well.

liam griffin is doing well and at mxp semi that you could own sky works so i would own it going into the quarter which is later in week. on the third quarter how about patricia in illinois >> caller: hi, jim investment club member. >> oh, thank you. >> caller: just wanted to tell you quickly that you're wife is a lucky woman to be married to such a smart guy. >> oh, well that is very kind. i may have to just record that and put it on twitter. where she will most certainly not see it go ahead >> caller: my stock is skin. yourecommended it about six months ago i bought it at about 17, it is trading today at $14.20, should i buy more or hold. >> he went to my unbelievably dermatologist this weekend to say, is this thing, does this thing work, the actual device that they have, she said it is terrific the stock is a spac and becauses it as spac it goes down.

had they bought you through traditional ipo it would do well but beauty health care was a new product and a new ceo and i would not sell at this level even though it is a spac because it actually may be worth something some day i've never been a true believer in this growth versus value dichotomy. i prefer to look for quality companies with great management no matter what category. if you want to pick a value stock, pick one where there isn't supply chain or semiconductor or covid woes. there are some out there take those on mad tonight, a top and bottom line beat, could frankers continue to work in this market. i like these guys i'm checking in with the company's top brass and what effects could quantity tateive easing have on commodities and it is different than you thought and plus silver gate capital has tied itself to crypto. but given the recent volatility, what should you make of the

legacy bank now. i've got the ceo 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 e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

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or, ask how to get a visa prepaid card with a qualifying bundle. s with close the books on january, on a high note. maybe you spend less time ringing our hands about the stocks down significantly and more time focused on the one that are up. take collin fast bankers that is

the number one player in san antonio and corpus christi we know the regional banks make more money when the feds start tightening and they're already in great shape last thursday they reported an excellent quarter and send the stock surging 4% don't take it from me. let's check in with phil green, the chairman and ceo of collin fast bank. welcome back to "mad money." >> it is great to be here. thanks for having me. >> i'm very excited about your expansion. we know when we saw last each other last about how great things were going and some of your markets, and i remember talking about san antonio. but now houston, dallas, how this working these are important markets. >> they really are these markets are really tremendous i think some of the best banking markets in the u.s we've been in both of the markets but we needed to be much larger and we decided in 2018 to undertake an expansion which would basically double our foot print of physical locations over two-year period. we finished that in 2020

and announced that we'd be doing the same thing except we'll be tripling our number of locations in our dallas market for additional 30 locations there. the thing to remember about houston, is it is exceeded our pro forma. we were about 113% over deposit pro forma and about 178% of the our loan pro forma and about 130% of our household pro forma. so things have gone very well for us there. >> now we know that a lot of banks have gotten quite used to this when they want to go to an area, they buy another bank. you have chosen an organic strategy why is that superior >> you know, the reason that we decided to do it was because we had invested in our business enough so that we demonstrated we were growing customers. if our organic business had not been growing the next page in anybody's playbook is let's buy some androll somebody up and i works out. but we made the investments. we had the success and so any

time you do acquisitions, particularly in a market where we already were, we risked diluting our brand, our culture and our value proposition and also with investing as i call it with our income statement as opposed to our balance sheet, we allow the benefit of this strategy to go to our shareholders who are current shareholders have allowed us to grow into a company that could grow organically as opposed to paying that to somebody else and that's been successful for it us. >> you had expose to oil and gas and i love that but i also see so many people migrating to texas. do they know your bank if they go there do they want a texas bank if they put roots down? >> we found that we've had great customer growth and we hope that we're reaching an inflection point. let me give you a few data

points on our consumer growth, which include people that move to texas we're up by, in the 2021, we exceeded our full year record of new relationships by 210% of that record. which was pre-covid 2019 we grew14% in just the houston market for example so we're seeing people migrate into texas and we're seeing people accept the frost value proposition and we're expecting to see more of that. we grew 27,000 consumer relationships in 2021. >> now, there was a moment in the conference call where you did talk about how there are many, many competitors to some of the markets and about how you lost 64% of the deals this quarter i've never heard anyone actually say, you know what, we didn't win this many. that is a badge of what, that you will not lend to people where you might have a chance to get loose? >> what is means is we'll loose

a deal on structure rather than price. where we're price competitive, but i like to say, there is no green pasture on the other side of the fence of great credit quality. it is a waste land out there and so we'll lose a deal on structure, we don't like to lose on price and things are getting more competitive i think compared to last year, the deals we lost, about mid 50, about 55% of the deals we lost around structure, it is about 65% this year. so it is getting a little bit more competitive out there as people reach for structure in order to get asset yield. >> and then i also noticed that you are paying more to get people that is now part of what i keep hearing. where are you on inflation, sir? does it have to just keep going up and up? >> you know, we've been hearing about inflation on main street for a long time now. in fact that is one of the reasons that we decided to continue to build our liquidity for the advent of higher interest rates because we just

saw that they have to happen i'm not so concerned about the things like supply chain and those kind of things i'm more concerned and i think the biggest concern of our customers is in labor. it is in people. how do you get people. because you could make a new trend, you could make a new ship but they're not making a new 21-year-old. i think it still takes 21 years to make up and so you're leeing labor costs go up and that is where i think we've seen inflation set in in the most fundamental way. >> i like your strategy and your bank and i love the new areas in how you're doing it so it is not like you buy and somebody else's not so great assets and thank you for coming on the show you've so so well for the shareholders phil green, good to see you. >> good to see you, jim, thank you. >> this is a great bank in a great market that is what you need to look for. not all big money center banks are as good as some others "mad money" is back after the break.

>> coming up, options trading should be handled with care. care to learn how to play this market cramer goes off the charts next

we have a counter intuitive piece for you. for last couple moves every one has been terrified about the fed new attitude if you understand what the fed's new tightening cycle means you need to know the history and history tells us that things doan fall apart simply because our central bank has taken its foot off the gas pedal that is why tonight we're going off the charts with the help of carly garner, a brilliant technician and the author of

"higher probability commodity trading. i hear views all over the place. let's take a look. she points out that even though the fed is tapering back bond purchases, we had two years of massive easing when the fed pumps billion dollars by buying bonds. but according to jay powell, they're not going away until march at the earliest and if history is any guide, the overhang from a bazooka blast could last for months. but for years. because qe massively increasing the supply of money and when there is lot a money floating around you tend to get higher asset prices maybe it is start to love the market quantity easing when covid nearly destroyed the economy so in terms of monetary policy, garner thinks the current moment feels like where we were after

the financial crisis, 2010 and 2011 this is a period where the fed injected massive liquidity into the economy and nearly all assets moved highler together. take a look at the monthly chart of goldman sachs going back until late 2005. back in 2010 we have a explosive move higher. corn, soybean, wheat, natural gas and gold and silver and that strength extend news stocks and even u.s. treasuries in part because there was so much money floating around the system now fast forward to today. it is now been almost two years since jay powell pulled out the bazooka to deal with the crisis. we could be in from 2010 to 2012, where they were at rid levels even with the fed taking its foot off the gas pedal, garner thinks it could take a year or two to create the liquidity

since 2020 when is when this initiated. corn, after the last 20 years, we see corn made a run from $3 to $8. partially fueled by easing we saw a similar rally last year followed by a period of consolidation. she thinks corn could be headed for round two of the rally later this year, just like how in 2012 we got round two of the post financial crisis rally some of the commodities have already run. this is a weekly chart of oil. which is up to $88 a barrel today. the rsi that we look at, the relative strengthindex, it is an important momentum indicator which suggests that the upside could be limited at this point she also sees the potential for resistance around $90. also when you look at the commodities, the futures trading commissions and the cot report,

most are long here and that means we could approach a peak and garner won't be surprised to see oil pulling back to $71 and it is below that level it might got to $62 but because of the overhang, she wouldn't expect it to get much more than that if she's right that oil has gotten ahead of it, then think about what would happen. the fed would be winning its fight against inflation. a big decline in oil prices might translate into fewer rate hikes. that is something that the bears never think about. what else could work here. garner thinks that oil has got and head of itself she said precious metals like gold and silver could have more room to run. nobody likes those that i know that is what we saw in 2010 and 2011 silver never recovered to anything close to those levels cheb out the weekly chart. i shares, treasury bond and etf, and that is the ticker, tlt.

right now wall street has gotten pretty darn bearish on bond markets because they translate to higher bond yields and that is what you are supposed to get when the fed is talking about raising interest rates but despite this pullback, garner knows that u.s. treasures are at a long-term bull market and it is holding up nicely right above a powerful flow of support and that is the floor right there. while wall street has already baked in the prospect of several rate hikes, guardian ser not convinced. if jay powell takes the janet yellen approach to tightening, that could play out over years not months as most investors seem to expect what she is saying is what i was saying at the top, you can't think that everything is going to collapse. again, i want you to go to the history. in 2011, the tlt rallied from 90 to 124 this is before this. but with the help of easing and even with the taper right now, the fed is still buying treasuries through march

i think powell doesn't want to get as -- as the wall street is thinking and he's being more measured with his rate hikes and no one is thinking that. how about the stock market take a look at this monthly chart of the s&p 500 over the last couple of decades in the short run, the s&p still looks like it has room to move lower. so that is that little break right there. she thinks that will happen. but once we work out some of the fraugh froth, she thinks there is still so much liquidity in the system. when the fed started raising rates in late 2015 we caught some early volatility but the s&p resumed the long march higher because we've seen to priced in several rate hikes in advance. garner thinks we're headed for a period where bad news for the economy is good news for the stock market because weak economic data means the fed won't have to raise interest rates as aggressively as we expect and by the way, what doesn't work, growth stocksch but garner

said we could still take a serious short-term hit before things stabilize be aware of that the s&p 500 has a floor of running between 3900 to 4,000. but that is down at least 11% from where we are now. that is a big hit. once the final, we get that shakeout, she's optimistic that the medium to long-term future for stocks is good in short, because the monetary stimulus is over, that doesn't mean they won't be propped up by the money supply the fed may be tapping the breaks but we're merely decelerating from a fast situation and we know from the last cycle that the after effects of the easing could linger for years the bottom line, the charts is suggesting that 2022 could be a strong year for most commodities and the bond market and even the stock market even with the fed hitting the brakes she thinks the momentum for the last couple of years of money printing will continue to push the asset classes higher something that frankly, almost no one is predicting

let's go to forest in florida. >> caller: hey, jim, i'm a long-term follower and i really like the morning meetingize. >> oh, thank you at 10:20 with me and jeff marks. i i want everybody to get into the club because we tell a good story together what is going on. >> caller: -- bounced to 8% but it is still down 15% on the month. you tell these don't usually act this way what is going on with next era >> that is, geez, i know that a lot of the utility has been running. ir was running in con ed i think that they've got an ev charging that we knew from a long time ago. that could be it, and they're talking about a hydrogen fueled network, too but all i know this is a fantastic forward thinking utility and could be bought still. jay in wisconsin >> caller: booyah, cramer.

>> booyah. >> caller: from milwaukee wisconsin and i'm calling about courtera energy, ctra, formerly cabot oil and gas and i was wondering what before earnings -- >> you could buy it. i like them very, very much. it is a great combination. a really well -- tom jordan used to come on the show. we have to get tom jordan back on the show. he is a fantastic ceo. you got a winner there so any way, it is a buy right here, right now. if history is any guide, 2022 could be a strong year for most commodity, the bond market and even the stock market. the charts interpreted by carly garner suggested that momentum for the next couple of years of money printing will continue to push the asset classes higher. doesn't that make sense. much more "mad money." including my exclusive with silver gate capital. could a bank be worth looking at in this market i'm talking to the ceo then the weekend i opined by the

fed on twitter and i'm discussing why i think betting against the fed chief will continue to be a fools errand. i'm feeling lonely on that one and all of your calls on the edition of "the lightning round," so stay with cramer. >> you've seen him in the a.m. and in the p.m but cramer is working hard to give you an edge on the market all day, every day >> this is something that we battered around just this very morning when jeff marks on my new program the morning meeting -- >> sign up for the cnbc investing club and don't miss an episode of the brand-new morning meeting. >> we want you to be your own portfolio manager and that is what the club is about

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as cryptocurrencies have become increasingly mainstream, some financial institutions have begun engage the economy in 2013 these guys became the first mover in the cryptocurrency universe. they now have a 24/7 payment platform where customers could transfer real and crypto assets like bitcoin and there has been some speculation that silver gate might launch its own stable coin we have to find out about that they just bought technology from facebook this is a very unusual behavior for a bank most players have avoided the crypto like the plague but it is terrific for silver gate stock which surged to $107 and change today. it was well over $200 in november before the growth stock meltdown but still i think it is a very intriguing story we have a lot of questions because the regulatory issues

here are thorny. so let's take a closer look with allen gain to learn more welcome to "mad money. >> thanks for the opportunity, jim. it is great to be here. >> well, first, i think congratulations are in order i have a release in front of me. silver gate purchased the block chain payment network assets from dm. could you tell us what you got with those and i don't know if you could reveal how much it is cost, but how much do you think it is worth? >> sure, well, we think that the potential worth is off the chart. when we think about using the block chain technology for payments and remittance, that the u.s. dollar backed stable coin industry today has well over $100 billion in dollars trading across the block chain however that is primarily used for cryptocurrency trading and where we see the opportunity in the future is, as i mentioned for payments and remittance, global remittance. and we think the opportunity is

just huge. >> now, theoretically since facebook was involved, they have a tremendous amount of technology that would take you a long time to develop otherwise. >> that is at the heart of what we've acquired today, is the technology, the -- essentially the proprietary technology, jim, and then open source technology and you put those two together for a regulated financial institution. it is very important that we satisfy all of the regulatory requirements but it also has to be able to be used around the world and as you mentioned, the facebook engineers that develop this over the last couple of years are truly world class engineers. and we don't have a direct relationship with facebook

we were working last year with dn and got excited to take the reins and bringing a stable coin to market hopefully later in year >> now, i have my money at a traditional bank and i asked them to let my transfer my ethereum there and i want it under run room and they said i'm sorry we won't deal with ethereum why are you dealing with regular people and crypto and yet the institutions that i talk to just think that is an an anthema. >> it is a great question, jim and what you're pointing to is really where we saw the opportunity back in 2013 i joined silver gate in 2008 and at the tame we were a privately owned bank with a little over 300 million in assets and today we're over $600 billion in assets but we were growing nicely

during the first five, six yeayear after i joined the bank and we were struggling to find deposits to keep up with our loan growth and that is really where we saw an opportunity because there were legitimate bitcoin-related companies sh this is 2013, so it was before -- you just mentioned ethereum, ethereum wasn't even issued yet when we got into this business and i think that is really key our customers have come to really rely on us because we got in way back in 2013, started banking the institutional community, folks and the institutional investors, the cryptocurrency exchanges, and brought a regulated framework to this industry and we've become a little bit of a good housekeeping seal of approval for the cryptocurrency industry. >> i'm glad you mentioned that because i want two things. one is i want a stable coin from an outfit that the federal

reserve could recognize and think it could be good and another thing i want the cftc or the s.e.c. would like the stable coin i feel like right now it is unstable and almost wish we have federal reserve protection think silver gate may be do it, if you do it, you could own that market. >> well, sure. well i think what you're pointing to is the fact that there are existing stable coin projects in the market. >> right >> some that are more trusted than others. we happen to bank all of the regulated stable coin issuers in the united states. they all use the send, which is our proprietary platform it is a global payments platform the acronym is the send and it is allowing our customers to transact 24 hours a day, 7 days a week around the globe. and the existing stable coin issuers use the send for the minting and burning the cre apgs and the the redemption of the

stable coins, but again those are primarily used for a cryptocurrency trading and where we see the opportunity is creating a stable coin that could be used by folks like you and me to pay for things it was kind of the other nat promise of bitcoin but folks don't want to spend their bitcoin with all of the volatility but the block chain technology is here and so we think that is what a silver gate issued stable coin -- >> now the stock did get hit fed tightening and people thought you should benefit to me the stock is down so much. this is a good bank also has crypto as opposed to a bank that i should gauge everything by interest margin which is not what i want silver gate for. fair >> yeah. so, it is an interesting question because from a traditional banking lens, you know 99.5% of our deposits are

noninterest bearing. and so that is -- i think it is, i'm not sure if there are any banks out there that actually have 100%. so we're pretty darn close but the primary reason that our deposits are noninterest bearing is because our customers are relying on the liquidity that we provide over the silver gate exchange network and the ability to move the money 24/7 so we keep those funds very short. in terms of duration and in terms of how we invest them. but importantly, in a rising interest rate environment, our earnings should do really well. >> all right this is terrific i'm so glad you came on. regards to dennis frank, who i knew very long time ago at goldman sachs. and that is alan lane, president of silver gate capital i like this one as the way to be able to have a stock with a lot more than coin base. thank you so much, sir great to see you >> thank you, jim. great to be here.

>> "mad money" is back after the break. >> announcer: coming up next, cramer is bringing the thunder and answering your burning questions. in today's edition of "the lightning round. (vo) america's most reliable network is going ultra! with verizon 5g ultra wideband now in many more cities. hey, it's mindy! downloading a movie up to 10 times faster than before. whoa! is that done? (mindy) yep! (vo) verizon is going ultra, so you can too. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme.

your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire all right. before we start the lightning round, i want to an exciting event. this friday we're hosting the second ever cnbc investment club monthly meeting and breaking down every stock in the charitable trust and taking your calls and speaking to a ceo guest, this friday at 12:30

p.m., go to cnbc.com/join the club for friday if you want to be part of the action. and now, it is time, it is final for "the lightning round." and then "the lightning round" is over. are you ready skee daddy let's start with kenneth in new york. >> hey, jim. how are you doing? >> i'm doing well. how about you? >> caller: i'm going okay. i want to ask about dover corporation, ticker symbol dov. >> i like the quarter. we're looking for companies that make things and do stuff but it does have some of the industrial problems that others have but i'm going to say you could hold onto it gary in missouri >> caller: yes, jim, long time viewer, first time caller. >> thank you. >> caller: i have a question about proficient i brot some of it and got a $40 cost base on it and last year it had a crazy year and wouldn't

start selling off and i wented to know what you think about it now. >> this is one of those companies that sells at 60 times earnings and we've been saying that unless it sells below 50 times earnings, which is still a great daeal, we cannot recommend it let's go to brian in new jersey. brian? >> caller: booyah from the garden state. >> fantastic to be home. what is going on >> caller: so i'm looking at norwegian skruz line i understand it is not profitable at some point, but looking at them dark and gloomy coming out of covid recession is going to be hopefully beneficial like to your your opinion. >> it is my favorite i have to tell you, that all of these companies need such a break. i just don't know whether they're going to get it in time to make it so their good tocks but i don't know if they'll be good stocks. to steve in pennsylvania

>> caller: booyah, jim a pleasure talking to you. i'm a member of the investment club my question is on will power watson. >> that is a very good insurance broker i happen to like that business very much. i think that is a stock worth owning and that, ladies and gentlemen, is the conclusion of "the lightning round." >> announcer: "the lightning round" is sponsored by td a ameritrade. >> coming up -- don't lose sigt of the big picture, even when you're focused on what's happening right now. and thinkorswim® is right there with you. to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right on the platform. because we take trading as seriously as you do. thinkorswim® by td ameritrade

okay, i posted a tweet this weekend that i didn't expectto be all that controversial. fascinating that not a strategist i have read that said jay to pull this off so let me explain here what i mean what is jay powell trying to pull off he wants to have a soft landing. if you imagine the economy is a airline, he wanted to slow down to land the plane with no real turbulence most comment airors have given up on powell they say he's behind the curve meaning he's failed to raise interest rate fast enough and now he has to slam the brakes to play kauchup because the economy is so overheated and he's been so wrong

according to the critics, powell did himself no favors last week when he put out a dovish sounding statement that sounded quite hawkish during the press conference the difference in tone has given money managers room to speculation. the treasury market is pricing in five rate hikes and some are saying six because he's behind the curve or even seven which would mean a rate hike for each of the fomc meeting this year. i beg to differ. why? because the first tightening cycle he provided over in 2018 he didn't know the power of his own words so he caused stock market and economic bedlam when he vowed to hit us with lockstep rate hikes. a few months later he to change course he doesn't want that to have to happen again his handling of covid and the mission to return the economy to full employment has succeeded beyond our wildest expectations. give him a break second it makes a ton of sense

that he's trying not to lock himself into a particular course of action. i've listen to all of the important conference call this quarter so far and the three choke points are the port log jam and the supply chain crisis which includes a lot of covid reated absenteeism that has driven up wages. as we know from ryan peterson, the ceo of flex port which monitored the hub in los angeles and long beach, many of the issues created higher cost in shipping come down to prohibitive clauses by the long shoreman, the last powerful company. he told us they're at the heart of the issue the port of oakland could make a great deal of difference and truckers are only paid an average of $66,000 a year. it is a hard job pay them more and get more truckers these jobs are nottin tractable. next, the chip shortages had to

do with lowen chips that most semiconductor stopped making because the profit was too low if you make long-term deals rather than buying chips piece mel than the shortages will end. the chip shortage is over at apple. sure i know they're the biggest most powerful client out there but the fact is they did have a sh shortage and now they no longer have one and now the nation is coursing through covid. families just took a huge hit with the childcare tax credit expired which may force people back to work as for covid, we know quarentine is a bad problem for businesses. right along with people being let go because they refuse to get vaccinated once omicron runs its course, the first place to get covid on mass, i think these problems could go away and there are other things that could help stamp out inflation. plants coming back online in the gulf and the possibility of a collapse in some commodities that have gotten ahead of them like oil as carney garner

speculated about but jay powell wants to have more aces in his hand then he's legion of critics like to believe. there is always a bull market somewhere and i promise to try to find it just for you right here on "mad money." now, the russians are blaming us, as the war drums beat i'm shepard smith, this is "the news with shepard smith. russia and the united states, intense talks at the united nations, as a new sign emerges that putin may be nearing an invasion. more trouble for boris johnson. parts of a damning report finally released into the party-gate scandal at downing street. >> i want to say sorry i'm sorry for the things you simply didn't get ri