>> when we started the show today or 15 years ago? >> today, an hour ago, and they all cleared out. i mean, the energy in the room come on people, let's go why do i mention it? the nasdaq is too cheap ndaq >> thanks for watching "fast money" see you again tomorrow meantime "mad money" with jim cramer starts right now. "mad money" with jim cramer starts right now >> 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 trying to make you money my job is not just to entertain you but to teach you and then there were none i am talking about the endless slaughter of the great growth stocks of this year. something that dragged down the averages, dow slipping 97

points, s&p declined .53%. but the nasdaq, yes, tumbled 1.65%. this is an unkind market today it chose to once again lay to waste the stocks that sold at a high price to sales multiples and we have to go over the genesis of this move because it's very stark. and it's causing many people huge losses. and for many people who want to own the supercharged growth socks at superhigh prices, this could be your day no more. i don't want that to happen. let me back up and use this twilight moment to explain the way big money thinks versus the way small money thinks because they're two very different animals. this market has strong sectors, like oil, which we'll be going over at length at tomorrow's 12:30 investing club meeting, or health care, or transports, it also has another cohort, the now hated formerly loved supercharged go go stocks that trade on the price of sales multiples because the earnings

are nonexistent or negligible. that last cohort is under siege like i haven't seen in it years. you might wonder with so many stocks cheap after the blasting the market has endured, who would hold out and stay with these names? either money managers under no pressure to perform anytime soon so they can afford to make long term bets like cathy ie wood, o uninformed investors who got into this in the pandemic, and are now hanging on by their fingalnails. i don't think they'll be able to hang on longer because they don't know what they own eventually, when you don't know what you own, sadly, you get blown out, and your ultimate goal must always be the same stay in the game we can't all be cathie wood with endless money to lose and not have to pay for it ironically, the approximate cause of today's growth stock beat down was a pair of companies we spoke to last night on "mad money," okta and

snowflake, even when inflation wasn't raging, they would have been respected, perhaps loved. they have been plummeting in fairness since they peaked in november you can see. they peaked in november, along with the entire high growth universe i can put up any number of stocks that will look just like this that alone should tell you something. as okta is a cybersecurity play, but you can't escape from your broad rubric of a sector and the turbo charged growth stocks became a lot less attractive when the fed started talking about raising interest rates right here that was it, right there many of these companies have done nothing wrong they are frankly just collateral damage from the fed's newfound fight against inflation. seasoned investors immediately dropped the growth stocks because if you have experience managing money, growth stocks always get killed when intheir is roaring, as it erodes the value of future earnings you may think these companies

are the greatest thing since sliced bread, but the pros no not to pay for sliced bread when there's an inflation spiral. that's them fleeing. that's them getting out of these stocks after a real good run now, there's another group of investors who aren't that knowledgeable about what happens. that's the business cycle. because they're too young or maybe because they don't care. these are people who love the momentum of the stocks they love this okay even if they didn't really understand what the underlying companies actually did they just had faith that their stocks would bounce back at some point in the future. others have done more homework and like the momentum of the business they think it can transcend the current moment they don't see what inflation has to do with any of this, and there's still one group we haven't mentioned, the people who love the buy hot stocks on dips because buy hot stocks on dips was a fabulous way to make money for ages in the great bull market now, over the last few months, these owners hesitate to call them investors, they're not,

because the actual fundamentals of the great growth companies have been unchanged. when those companies reported, they typically beat the sales estimates, delivering hue mongo revenue growth, and that happened right through this period you don't want to look at the reports, you'll never spot this if you just look at the report you would never know this was going to occur they would raise their estimates of the price targets even if it was clear because of inflation the old price target boosts were producing ever smaller gains in stocks and in some cases no gains at all along the way, the dip buyers who traded out when stocks jumped started losing big money. maybe they were buying stocks with borrowed money. their ranks have grown ever thinner as the losses mounted and they came to realize they weren't buying the dip they were buying the grand canyon of drops. they were buying a fall from the north face of everest. the other two groups, beat and raise, and those who love the

momentum of the stocks or underlying business, they have been hanging on for dear life, as inflation continues to erode the faith in growth stocks especially unprofitable growth stocks with high price to earnings i'm sorry, high price to sales multiples because there are no earnings then yesterday came. yesterday was the waterloo true waterloo watershed, first jay powell recognized inflation is accelerating. said he would start trying to contain it by raising interest rates, maybe 25 basis point, maybe more and then okta and snowflake reported after the close okta was just identity and access management, kind of a really good cybersecurity, reported better than expected revenues and smaller than expected loss for the fourth quarter. bingo, right no issues. then the company also issued forward guidance that included, again, better than expected sales but this time, much bigger than expected losses that might have been overlooked in the preinflation era, but

it's unforgivable in the new world, and the stock is not done cascading. reported amazing sales, smaller losses, but then forecasted a slowdown in the growth rate. unacceptable slowdown in the growth rate. ouch that's a nightmare for those who live by the rules of momentum. given there are so many momentum camp followers and so many etfs centered on the businesses that cover this, these two names did literally bring down the proverbial houses of both groups both of them got crushed by these two stocks you have the analysts cutting price targets galore, and there's a tsunami of selling snowflake will be able to come out fine because the ceo, i believe, was merely being conservative in his forecast but why didn't that matter per remember what i said many people who own snowflake only owned it because of the short. they were willing to pay 100 times sales for it at one point. many didn't even know what

snowflake did. maybe they thought it was a meteorological thing what happens now the momentum is gone, the dip is broken, and the thrill is gone i think many of these stocks, well, many of the people who are, i think, i think many of the stocks are done. i didn't want to say that, but i do and the people who own them, they have lost too much money. a lot of them are doing what i was afraid of back in november, going back into cds, money market funds, trying to hide in cryptocurrencies at least it was more fun when they were losing money in dogecoin others are licking their wounds and waiting for better times that may now come, may not so other like cathie wood don't care because they're so dogmatic now, you know i believe there's always a bull market somewhere, and we have one now in natural resources. with another one maybe coming in the staples and health care as the feds hit the brake and maybe too hard, but high growth tech, always going to have some, but wow, it's tough sledding the bottom line is that the era

of beat and raise and buy no matter what, it's over, let's say it's done. it's over for the formally high flying growth stocks still plenty of other stocks out there, but if you're still betting on these bouncing back, let's just say, why don't you pull in your horns because i don't think it's going to work let's go to lucy in california lucy >> caller: hi, jim how are you? >> i am doing fine, lucy how about you? >> caller: great thank you. i wanted your opinion, please, on twitter stocks. lately it's been declining, and i just wanted to know if i should hold my present position or sell while i have some gain >> no, look, it's legitimate question because the stock is down to $33. by the way, that is about where a few years ago pume that it might get taken over, but the fact is it's still a very high price to earnings multiple stock, and we're not recommending those stocks because they are -- they don't do well enough in an era of high

inflation. let's go to rene in new york rene rene you're up. >> caller: boo-yah >> boo-yah, what's going on? >> caller: i love your show. thank you. >> thank you thank you very much. >> caller: i have a question >> uh-huh. >> caller: i have some kmi, the old enron. >> right >> caller: and i have flatlines from canada and washington state. >> right >> all the way down to tennessee. >> uh-huh. >> caller: do you think it's good to buy more >> it's really, a lot of it is in texas they were not really the old enron, which really went under they're a great pipeline company. it's finally coming back yields 5.8 that's the kind of stock i'm liking in this market. i know it's unexciting but it's a good place to be it's certainly ripe at this particular moment. look, it's hard for me to talk about the stocks because i like

them so much, but it's a new reality out there for the high flying growth stocks the era of beat and rise and buy no matter what is over you can own some of these stocks, you just can't own all of them. otherwise your time in the stock market is going to be up and i need you to stay in the game on "mad money" tonight, verizon had a plan to expand their investor day, i'm learning more about the ceo. and then in this market, it's time to take a more conservative approach, so i'll give you a safety stock that works and here's one that's hard block, formerly known as square. it fell today. it has great growth. let's make sense of it with the company's cfo. stay with me

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rallied about a percent today in a very bad market. so don't take it from me let's check in with hans vestberg, welcome back to "mad money. >> hey, jim. how are you doing? great to be on the show. >> i'm doing well. whether it be marc benioff at salesforce or mark zuckerberg at facebook, now meta, they're telling me you're doing things quite different from the old verizon. let's haefrear about the technoy at verizon thatwill make us feel we have a great yield and growth too >> we had a great investor day today. we talked about the platform built the last three to four years with all of the changes with divesting verizon media group, we bought the c-band spectrum, we're acquiring track fo phone which is a premium segment. we have done quite a lot, and we stand with more growth opportunity than we ever had before of course, we have built a network for many, many different

things multipurpose network, as we say. >> we're all very excited about metaverse. i went to facebook today to get something from mark, and they're talking about how this is just the beginning, but it seems like you have more of an inkling of what it's going to look like will everybody be excited about the metaverse or is this something for kids to play in? >> this is very important. first of all, we built the network for immersive experiences at high capacity, low latency. we did that from the beginning we didn't even think the metaverse would exist when we started to build the network in 2017 when i joined it's a perfect match whatever you do in metaverse and et cetera, and when you're starting in that area with metaverse and meta announced today the partnership with them, and actually, that's not even in my numbers for the future because it's so early, but clearly, we have built a network that is so different than anybody else in

the market, that's why we talked to meta and why they chose to work with us >> 5g coverage, you'll have 175 million people at the end of the year, t-mobile tell me they have far more than you and i should not get too excited about your coverage when i think about the coverage t-mobile has. what do you say? >> you need to remember that we, in 28 consecutive times, our network has been the best. we always, and that's the j.d. power. we always build the network with the best performance that is really what customers need we're going to 175 million we're basically putting in one more year to cover with the c-band that we bought one year ago. we're really excited about it, but we have different business case we have the mobility case, the fixed wires case, and the mobile edge compute case. we're several business opportunities on the same infrastructure as well so we feel really good about the transformation we have done here, and you and i talked about this, how we get to growth and this is what is really

enabling us. the things we have done the last couple years is now putting us in this position and that's what we committed to today, we gave our long term sort of long range guidance, which is 4% growth on our service revenue. >> now, let's talk about the network as a service that and metaverse really caught my eye network as a service, we love companies that are software as a service. how are you going to play a role >> the good thing, we don't have service, that is a strategy we had for a long time. what is means is actually we have one network that has multiple cases and we can do the connectivity and above the conne connectivity, and we partner think about everything we do on the content side, we do on the mobile edge compute, work with aws, microsoft, google cloud we have built a model where we find value together with partners instead of us investing in that area and use the service as an offering for our customers. i think we created something very unique and different that cannot be replicated by others

>> i know jpmorgan put out a note after our last interview where they downgraded your stock. the concern was competition from post paid subscribers. now, how does that factor in because we get some of these very interesting technologies. but if we have people who are still saying, listen, they're worrying about sign-ups, aren't we reverting to what has hamstrung verizon which is this one metric people don't care about? >> you're spot on. that's what we tried to explain today. in the mobility case, we have sort of your upgrades, we have a lot of things we can do with our base that's how we should see we're growing. we're also adding new features like play plus we have been talking about later, where we use our network to do distribution so there are many more places to actually grow than only net ads. net ads of course is a piece of

it, but clearly, we have growth way beyond that, and we also go into fixed wires access, nationwide, we're the network, totally new market for us. we also bought trackphone, as we discussed last time, which is a value player in the value segment. that we can grow into. so many different vectors to grow in. that's what is putting this all together for us, and with the confidence we have right now, and the assets we have, we feel really good. >> one last thing, major competitor of yours, at&t, cut their dividend, which is something i found dividend is pretty sacrosanct, they won't crimp the idea your board might think it's okay to boost the dividend from here >> yeah, i think we have a very clear cap allocation priority. we invest in a business, we have done that for a couple years we're now going on reducing the capital intensity in our business we're going down to below 12% capital intensity. and the second priority, of

course, continue to grow the dividend for our shareholders. and that's something that me and my cfo always put in place for our board so they can do it, and then after that, we pay down our debt, and then we come to the repurchase of shares today, we talked about that as well, that we will now start considering to do repurchasing earlier than before. we feel good about the balance sheet and how we can help our shareholders >> that's music to my ears please get more yield, need more income, and it sounds like you're satisfying everybody. always great to see you, sir thank you. >> thank you >> what can i say? verizon, it works. maybe that's all you have to say. it works "mad money" is back after the break. >> coming up, both nature and man have done a number on business as usual.

cramer hunts a stock safe enough for the good times and the bad, next

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it's a safe and easy way to get into crypto. ehh, i don't think so. ♪ ♪ and i am never wrong about this stuff. never. yesterday, fed chief jay powell handed us a stay of execution. when he went before congress and said that the fed would be mrshed its in efforts to stamp out inflation rather than hitting us with a series of auto pilot rate hikes which would be even more disastrous for growth stocks than what you saw today make no mistake, we're far from out of the woods don't get me wrong i say that as something who has a positive bias here i want to be constructive. it's just that many areas of the market remain incredibly treacherous. as i said at the top of the show, take a look at two darlings okta is down 8%. the stock of snowflake, down 15%

just today at this point in the business cycle, it's difficult to own growth strikes that's why i have been warning you away from them since november, remember when i told the club, you want to buy things, companies that make things and sell them for a profit the fed hasn't begun to tighten yet. it could take a while before they find a bottom it's why i dliek the stock of verizon. they make things they charge for. they return some capital give you a little growth, a little income, and why i think i have to break out my hedge fund playbook to see what else could be considered. what else is becoming top of mind, a stock i wouldn't normally be thinking about when the fed is rampant, you want to circle the wagons around some safety stocks, the kind of companies that can do just find even if our central bank hits the brakes too hard and we get a recession. just one problem, many stocks struggle some have been disastrous. some of the food and consumer packaged goods hav burdened by ever rising costs.

if you want safety, you need to be selective you want something that can deal with rising costs because they have scale and superior brands that can command higher prices there are very few of these. in short, you have to own the best you need procter & gamble. this market can be so vicious even this one is tricky. after reaching an all-time high in january, the stock has pulled back along with everything else over the past six weeks. now, i think that's actually a good thing if you buy proctor here at $155, i think maybe you could argue you're getting unjustified discount why am i so confident? because procter & gamble is the safest of the safety stocks. traditionally true of all of the packaged goods stocks as safe havens when we're going into a slowdown, because people are still going to need toothpaste, shampoo, all of these things inflation means many of these companies are far more vulnerable than usual because they're getting hit by rising

raw costs left and right whiteners, surfactants, they cost more, plastic bottles, the freight, they're all going higher not all competitors can cope we have to redefine safety it's not enough for sales to be rescission resistance. you also have to have your earnings be inflation resistant. many companies fail the second part clorox, kimb berly clark. clorox stock is down 16% year to date they did report a hideous quarter about a month ago. kimberly clark had a fine quarter, and then they gave you a dismal earnings forecast due to raw cost. down 10% procter & gamble is different. unlike so many of its peers, its pricing power, something they have earned over time by investing heavily in innovation to make its product superior and advertising to make shire everybody knows its product is

superior they had 6% organic sales growth, half coming from higher volume and half from higher price which they got away with because people like the products the price increases stuck across all five of their main business segments that said, again, they're not totally inflation proof. they gross margins declined by 400 basis points in the most recent quarter but their operated only declined by 250 points. consumer analyst group of new york conference last week, i didn't cover it that much this year, proctor's cfo was candid about the headwinds and about the company's ability to pass on the costs by raising prices. it's not like any of this is new. they have been dealing with high inflation for a while and coping better than their competitors. that's why i believe they're the best of the group. that's not the only reason to think about it a high quality company very generous with its shareholders you want to be able to fall back

on something tangible, dividends. buybacks this company is what we call a genuine dividend aristocrat. meaning they raised their payout every year for 20 years. in proctor's case, every year since 1962 right now, it has 2.25% yield, although i expect them to raise the payout again next month, because april is when they typically do it. last year, we got a 10% boost. that's a lot at the same time, proctor, voracious buyer of their own shares management says they plan to retire $9 to $10 billion worth in fiscal year 2022. at the end of last year, the company had $24 billion in net debt that sounds like a lot, but it's nothing compare today the $370 billion market capitalization, and they're on track for earnings in the fiscal year which ends in june put it together and you can understand why praocter & gamble's credit rating is just a share below that of the united

states the company gets half of its sales from the u.s., 22% coming from europe, 9% from asia pacific, and the rest coming from emerging markets like china, 10%, latin america, 6%, in short, proctor is the potential upside in the faster growing markets but they're not too exposed to any region which means no high inflation can really hurt them china was flat last year because of the covid restrictions. that didn't stop the company from generating 6 % organic revenue growth i remember when unilever used to own these emerging markets now it's proctor you're getting the stock down $10 from its highs in late january. i think they have been weighed down by the competitors. weakness at clorox and colgate like i said at the top of the show, they trade together, even when it doesn't make sense there's also no relief on the inflation front. even as i think proctor can contain the damage, and of course, everything got tossed out in the initial run-up to

russia's invasion of ukraine tr i know that's high, but it is down slightly from historical average, and not much higher than where it was trading in 2019 before the pandemic hit makes sense it wouldn't be particularly cheap given the true safety stocks deserve to trade at a premium after what we have seen with the growth stocks being obliterated. i have told you to stick with the market even in the face of frienting developments over the past few weeks, but you need cash and you need conservative stocks this is one of them. that means circling the wagons around a procter & gamble stock, and proctor is the safest of the safeties mark in california, mark >> caller: hey, jim. hey, i was doing due diligence, as you have trained me to do, on one of my favorite stocks, which is ulta beauty recently, target announced blowout earnings and as part of that, ulta has been putting mini stores into target i was wondering what your thoughts are on their earnings coming out next week >> you are doing your work, i can tell that.

the ulta deal, i know it's early on, but target likes it very much they said a lot of good things you know, i think ulta management is terrific they have a lot of great estee lauder products in they're in a lot of areas all over the country i like the case for ulta steve in california, steve >> caller: thank you for taking the call >> quite welcome >> caller: my question is in the current rising interest rate environment we're having, they have a yield of 4% plus. are they going to be able to pay dividends in this environment? >> i got to tell you, i never thought i would say this, but in the last two quarters, i have come around to the idea that you can own kraft heinz. now, when i say that, it's been a company that slashed and burned and didn't do anything what i call growth but now it's got some growth i think you're fine with that one. i can't believe i said that, but you are. ia y have been telling you this is a tough market but i want you in it. i don't want you to run from it.

i have been saying conservative stocks for the committee that we have, the club for the monday morning meeting. and when i look at this proctor, i'm thinking wow, this may be another one to own it's safer than most much more "mad money" up, including my discussion with block, with fintech under pressure, is now the time to circle back to block that's the old square. i'm checking in with the company's cfo, and then amid a host of sanctions, how much pain can putin take i'm using history as my guide to help make sense of the war in ukraine, and it's not that good, frankly. and all your calls, rapid fire in tonight's edition of the lightning round. stay with cramer ♪♪ energy is everywhere... even in a little seedling.

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how far can the formerly great growth stocks fall before they find a bottom that's what the market is all about now. look at block, the financial technology artist formerly known as square. it was $280 stock, now it's $114 stock, and that's after rebounding 38 points from its lows last week block had a surprisingly good quarter, up nearly 30% an earnings beat, thanks in large part to the cash app payments division, it has done well, cooled off a bit today, but as i told you, everything that was growth got crushed today. what do we do with block now first the i think it's good idea toignore the wild price action so let's dig deeper with amrita ahuja. she speaks about the company, to get a better sense of what's going on welcome back to "mad money." >> thank you so much for having me, jim. >> since i have seen you, the company has changed. not radically, because i know i

asked all the time about different square divisions, but enough to be able to make it so it should be called block. so perhaps you can tell our audience why that change is necessary, because there's so many cool things happening >> jim, we rebranded to block because we are a multidimensional company we're no longer just square, the business that serves small and increasingly larger businesses we're also now cash app and we have emerging initiatives in the crypt o space and with tidal where we could see explosive future growth. we found it twice over already between square and cash app. we're going to invest in a disciplined way, but we're already seeing continued growth. when you think about the fourth quarter, we grew 47% year over year, and in 2021, we're at the scale of more than two times we were at in 2019 on both gross profit and profitability it's because we're operating in a multidimensional and diversified way. with square, we have six products with $100 million or

more in gross profit and with cash app now, we have four products with $200 million or more in gross profit. clearly, we're serving multiple customer needs in a multidimensional way that's what the rebrand was about. >> one of the things i like about you guys, you're customer centric. both of my kids use cash app, that's how i heard about it. i know they're fascinated by the stock market there's a loa lot of stocks that sell for $1,000, $2,000. you come up with fractional peer to peer product for stocks, that's what people want. how is that doing? >> it's doing well, jim. our investing product overall is a great way for people to learn about cash app, come in, explore the feature, and also learn about other ways they can build their network within cash app. when we think about the growth in cash app, there's two key drivers here one is the network effects that bring people into cash app we had 44 million month ly

transacting actives. we were the number four overall downloaded app in the ios app store in 2021. our peer to peer features around equities and bitcoin is a piece of that. we were the number one downloaded financial app in all of 2021. and then the product features. our road map is growing. and if you just look at the last six months, we not only launched the peer to peer feature you're talking about where you can send a friend a piece of a stock or a piece of bitcoin we also launched our teams offering where we can include the 20 million u.s. teens who are the spenders of the future we launched a taxes offering where you can get free tax preparation and get your tax refund five days earlier and we launched cash app pay, which is a way to spend the funds you have in your cash app account, which is part of what makes that investing feature all the more attractive because your money moves seamlessly for you, whether you're investing,

spending, or you're putting it to work in some ort way. it's really that product road map driving that innovation. >> how about after pay as a feature? how is that doing and do you have worries if times get tough, people won't want to pay people were joking about buy now pay later meaning buy now pay never. is it going well and how do you insure people pay back >> yeah, we're extremely excited about the prospects with after pay, jim we just closed a transaction a month ago, and on day one, we launched a product integration with our square online, with more product integrations to come we know that our sellers are asking for buy now pay later they want access to the tens of millions of millennial and gen z consumers who are looking outside of the traditional financial system for credit. and we know that with the integration of cash app's 44 million monthly transacting actives, after pay's 19 million annual actives we have valid quality consumers to send to

these merchants. and so we're super excited about the integration. what i will say about losses is that the team has actually been incredibly deliberate in managing consumer losses as an input rather than an output to growth as a result, in the second half of last year, consumer losses were only up eight basis points versus the first half. that's even as new products are launching and there's an increasing mixed shift to new geographies that are less mature they have been very deliberate 98% of consumer installments were repaid by the end of the year >> that's very good. >> the same percentage we saw in the first half >> one last question, in your terrific quarterly report, you do talk about how fourth quarter 2020, you invested $50 million in bitcoin and then you put even more in bitcoin in the fourth quarter of last year. $170 million is this just to satisfy what customers want, or that because you're a cfo, you're not gambling on bitcoin? >> no, jim, this comes from a

very principled direction. which is that we believe the internet needs a currency, and we believe bitcoin is the most likely contender to be that currency of the internet because it's resilient, because it's based on an open source developer platform, because it's secure, and because it's transparent. and so we are incented along with the treasury investment we made previously, but more importantly, through the product investments we're making to make it an inclusive platform in the bitcoin ecosystem and to invest to lower the barriers to entry >> i like how customer centric you are. i like the fact that the cash app just keeps growing i like the new name because there's too many things happening for it just to be called square. and amrita ahuja, thank you for coming on the show again >> thank you >> "mad money" will be back after the break. coming up next -

>> let's make money together >> cramer is bringing the thunder. and answering your burning questions in today's edition of the lightning round. (vo) right now, the big switch is happening across the country. small businesses are fed up with big bills and 5g maps that are mostly gaps— they're switching to t-mobile for business and getting more 5g bars in more places. save over $1,000 when you switch to our ultimate business plan... ...for the lowest price ever. plus, choose from the latest 5g smartphones— like a free samsung galaxy s22. so switch to the network that helps your business do more for less—join the big switch to t-mobile for business today. ♪

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indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire before we start the lightning round, i want to highlight a very exciting event we have coming tomorrow. the cnbc investing club is hosting the third monthly meeting. we're covering every name in the travel trust, going over our latest initiation and talking to devon ceo, to man of the hour, to get his view of the

volatility club members can view the event tomorrow, 12:30 eastern. if you're not a member, go to cnbc.com/jointheclub ahead of the event so you can get access to the live stream and now, and now it is time for the lightning round. and then the lightning round is over are you ready? let's start with clint in virginia clint. >> caller: boo-yah, jimmy chill. >> whoa. yeah >> caller: first, i'm a long time phillies fan and i'm loving the two-man game >> i caught last night's game while i was working on the club talk what's going on? >> caller: my question is, what are your thoughts on the 3d printing industry and specifically desktop metal >> no, we don't need to do that. we had hp inc. on earlier this week, and they're going to own the 3d industry. you need to be in hp let's go to dave in illinois dave >> caller: dr. cramer.

my lightning round stock today is good for the gander, canada goose. >> oh, dave. you know, it still sells at too high a multiple. i want to point out its inconsistent earnings are not good for you or me we are going to go to kate in georgia. kate >> caller: hi, cramer. how are you? >> i'm good, thank you chill is in the house. what's up? >> caller: well, there's a company i like, and they have organ, fertilizer and renewable fuels. it's darling ingredients ticker dar >> i like it brian sullivan introduced me to this company a long time ago it remind me of renewable energy, i think you stick with it i like that call let's go to ryan in connecticut. ryan >> caller: jimmy chill, how all you doing? what's going on? >> taking a little heat as usual. how about you? >> caller: good to hear. just wanted to ask you about

ti tilray. >> no, the industrial properties way to play it, tilray, the pot industry is a very, very tough industry not unlike gambling, so i'm not there, other than if you look at the piece we did yesterday on higher yield, you'll find it mike in pennsylvania, mike >> caller: hey, jim. first time caller. >> okay. >> caller: i'm in at 37, in at 40, and on the dip >> you know, this to me is a fracking company, a poor man's lows i would rather see you in lowe's i will tell you, lowe's had a great quarter. let's go to bill in pennsylvania bill >> caller: hey, jim. boo-yah to you first-time, longtime my question, my question today is on the stock valvoline. it's boring, they make things and do stuff >> it works for me i'm going to throw in another. going back and looking at

magellan midstream, not pulling the trigger yet, but i like these -- i'm liking the mlps again. ken in georgia, ken. >> caller: jimmy, boo-yah from atlanta, georgia how are you? >> i'm doing well. how about you? >> caller: i'm fantastic you're making me a lot of money. about a year and a half ago, you had the ceo of dow chemical on, and you said it was a steal, a buy. i bought it at $28 it's doubled i'm loving it. >> he was buying millions of dollars of stock and said he had to come on and tell people he was right how can i help >> caller: well, i am looking at another one, i'm a dividend chaser i want a company similar to what the dow is, and i'm looking at rio tinto. >> i like rio tinto here because it's minerals. remember, there's a bull market in minerals and i embrace it that is the conclusion of the lightning round. >> the lightning round is

sponsored by td ameritrade >> coming up, the free world is tightening the screws on the kremlin. but if putin's war drags on, there will be network effects to watch out for in your portfolio. cramer breaks it down next you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪

how much pain can putin take we have thrown a mountain of

financial sanctions at russia. they can't get their stock market open. their bank accounts in other countries are frozen, even in switzerland. we're even taking away the oligarchs' yachts. sadly, though, i think putin can take unbelievable pain america is a free society with a free press russia is a closed society with a government controlled press. you can go to pizen for criticizing the state. it doesn't matter if the russian people have the will to win. it only matters if putin has the will to keep fighting. and like many aging dictators. he's coming unhinged i think putin wants to relive the great patriotic war. that's why he keeps talking about how ukraine needs de denaziification. that's insane. ukraine has a jewish president who lost three uncles in the holocaust. but in putin's head, i ink the he believes he's thinking about how the russians triumphed against all odds in world war ii

and how the russians held out for 900 days during the siege of leningrad, endured incredible hardship without a flinch, but at the end, they had to fall to cannibalism when they ran out of food putin thought nothing of raising grazny, when it won its independence what kind of sanctions would bring him down the west would have to cooperate with china to say no to almost all of russia's oil production, to get there, we would have to strike a deal with iran to let them do business with the world again. that's 4 million barrels, but it would take a miracle to get both china and iran on board, both of which are on good terms with russia, bad terms with us. they might be able to get an extra 2 million barrels out of them we need to find out from the ceo of devon energy if it's even possible, when we speak to him tomorrow on the investing club call at 12:30, and it's

actionable rick was the first of now many oil men and women who restricted production to maximize profits in the end, while we're united in the west, we don't have the horses to stop this madman with sanctions that cut into the assets of his rich friends the ruble can crater and it's no big deal there's some question whether he can feed his soldiers. napoleon says an army travels on its belly, and the rainy season started soon, making it a nightmare for logistics and supplies but putin has big guns and missiles and tanks and plane, and the ukraines have grit for now. my bet is if he's delusional enough to invade ukraine, he's delusional enough to believe he's winning as i see it, the only way to stop the war is with a well-timed palace coup by his generals and that seems increasingly unlike li a grim prospect and one that will put a lid on stocks, along with shortages of pretty important commodities, steel,

aluminum, industrial gases which would be used by the bears to spread spears of industrial and tech shortfalls with a lot of inflation. we need to be prepare for more pain, at least until my sad prophecy becomes the conventional wisdom. there's always a bull market somewhere, and i promise to try to find if jusfofot t r you on money. the news with shepard smith starts now vladimir putin talks to france's macron. the message he sent about what's coming to ukraine. i'm shepard smith. this is the news on cnbc tens of millions of people remain in the country, in potentially mortal danger. >> this is impossible bombing of kyiv, invading from russia >> uacr says a million people that fled ukraine already in just a week. >> i am very angry >> banning