on sp 1. >> mike khouw. >> if you have opportunity to unwind rsx do that, unh diagonak "mad money" starts 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 people want to make friends, i'm just trying to make you money. call me at 1-800-743-cnbc or tweet me at jim cramer just when we get an amazing labor report, one that shows excellent job growth, a lot of wage inflation, a dream come true for the stock market, we

couldn't appreciate it because we caught a noight mare out of ukraine. so instead of rallying on news that should make fed chief jay powell's job a lot easier. we sold off again. the dow slipping 188 points. s&p tumbling 1.9%, and the nasdaq plunging. the ukraine situation is turning into an absolute nightmare, one that no one can stop except vladimir putin, and that's not happening. we all wish we could do something to stop this crisis, but russia is a nuclear power, and looking at putin's unhinged behavior, we don't want to give him a chance to use them i know it sounds like no hope, but as i told the investing club in our monthly meeting earlier today, we have to keep our eyes out for potential winners no matter what. the rails are soaring as a way to move commodities, especially coal which has become red hot. consider any oil stock, any oil service stock, any utility stock or the safety stocks we talked

about just last night. they're working even as tech rolls over no matter what they say. look at the drug stocks. will you so what does next week look like i don't know i think we have to go to our game plan because you'll see how treacherous the market can be. we're going to have to parse through the weekend's ukrainian news on monday because we now know it matters much more than pretty much anything that's here, including employment report big data, the most important report there is. the decline in stocks after the unemployment report was eye opening, but on monday we have to consider what i think is one of the most exciting battlegrounds, kohl's, with an analyst meeting. this is a fure financial class activist investorses claim management isn't doing enough to bring out share value, and the company buying back stock hand over fist. now, that's a pretty hefty job you could say what do they have to do to make activists happy? i love unsatisfied activists

i think kohl's is now a win/win situation for you. the activist pressure will grow. tuesday, we hear from a puzzling one, dick's sporting goods, a stock that's down nearly 5% for the year i think it could be worth owning a quality franchise with a terrific ceo and a business that i think should thrive post covid. i know retailers have been up and down appearel was so bad today, to th point many retailers have become too hard to call this could be a buy before and after the quarter. after the close, we have three kites of hated stocks reporting. first we have mongodb, that's one of the many database software companies growing fast, but losing a ton of money. not too long ago, wall street used to love a company that grew fast and lost a ton of money now they feel total contempt for them next is bumble, the online dating platform with the stock down 75% from initial highs. maybe romance is dead. then there's stitchfix, the

online apparel play with a stock that plunged from $75 less than a year ago to $11 today. all of these names live in the heart of the bear market we're experiencing, so tuesday night will be a great test to see if any of them have fallen far enough to mark a bottom. anything is possible i recommend taking your cue from how the stocks behave. if it's even a little positive on uncertain earnings, you may want to find growth names in the sector with similar profiles making money and do buying wednesday, campbell's soup reports. it's worth watching because we have a newfound love for food stocks we have a great quart from hormel they likes the mccormick quarter. now we have to see, maybe campbell's gives you moderate gains. i think if they do a decent quarter, it will fly remember, there is always a bull market somewhere they do have to get the raw costs down, though if they're going to please wall street, they have to not talk about supply chain you know, i'm a huge believer in cybersecurity.

and with the wave of attacks by the likes of russia, china, and north korea, they couldn't be higher also crowdstrike, where the ceo has built an excellent business. we saw him on recently i suspect crowdstrike will deliver great number on wednesday after the close, but once again, if inflation spikes that day, something happens bad with ukraine, what i say here won't matter spacs have become laughingstocks with only the extremely long term oriented cathie wood seeming to champion them anymore. on thursday, i have got one i want to see whether they can wake up the spacs. we hear from a company called wheels up, the highly promotional private jet company with a stock down nearly 70% since the spac merger closed can wheels up say anything to breathe new life into their stock because they're a boisterous bunch over there. i bet they'll tell the story loud and clear, but what matters if whether they can turn a profit this is a cohort that didn't think profitability would

matter, at least not in the next few years. now it's the only thing that matters. if you want to know what stock has the best chance of roaring higher, i put my bet on ulta beauty this is quite frankly amazing. could be the loyalty program i bet the numbers will go up a great deal post covid. it's well run, it has great customer affinity, and it's a fine growth story. ulta has it all right here except it's not now and has never been a cheap stock sometimes that's what happens when you're the best of breed, and you know i always say buy best of breed. after the close thursday, we get results from docusign. when they can shake off the covid stock moniker. docusign is such a great company with such a good product, and we know it's been used all over the place. the stock trades as if its growth is a thing of the past. sometimes i wonder if the thing has to spend a year in purgatory to see how it does versus the current quarter.

like zoom, covid's doppleganger, it's a very good company with a very, very bad stock hey, how about rivian? the bloom is sure off the rose for the electric vehicle stocks, aren't they, after the november peak in growth stocks. rivian is a prime example. this market has no time for money losers it wants companies that make and sell stuff for a profit. especially when they return the profit to shareholders that's not the case for the electric vehicle players that have been losers for ages now. rivian is practically the poster child for this group, maybe lucid is on thursday, ebay holds its investor day i'm always getting questions about thips one. it's a pretty clear story about an exchange where you can sell anything to me, that's worth something. but they did report a mixed quarter. let's sue what the new slimmed down ebay really looks like. finally on friday, we have an incredibly important analyst meeting, at&t. this is a company with uniquely terrible management.

we're talking wall of shame bad, but hope springs eternal for many of you who watch so i'll listen to see if there's any reason to think remotely positive about this incredibly poor performer if you're wondering whether we could have another hideous week ahead, ask yourself, do you see the war in ukraine ending any time soon? yeah, that's what i thought. how about jacob in north carolina jacob. >> caller: jim cramer, boo-yah >> boo-yah, you got me >> caller: yes, sir. i enjoy those picks you posted with your dog on twitter, by the way. >> i love my dogs. >> caller: yes, sir. thank you. i love your show love your show >> and a shout out to chuck robbins who is dealing with the death of his dog, and we all know that these -- unless you have a dog, you just don't know what it means. go ahead i'm sorry. i got off base what's up? >> caller: yes, sir.

my question is about regeneron i know it's a stock you like i got in late. the stock has been range bound for several months but it's outperformed the idb my question is, is it going to face tough comps ahead in the next few months due to the lack of sales >> jacob, if that competitor had delivered, then yes. but they sure didn't so i think you're in the cat bird's seat with regeneron i think that everybody thought their product was going to be dinged that product is harder to challenge than anybody realizes. i think you're in good shape why don't we go clear across the country to denise in california. denise >> caller: hi. listen, intel got out from president biden at the state of the union address. and i want to support u.s. manufacturers. but i'm down 10%, and was contemplating the sell what's your opinion on intel

right now? >> oh, pat gelsinger, congratulations on the shout out by the president yields 3%, the group is hated. very low pe. there are some high growth stocks in that that are just being shredded a lot of people saying there's a lot of inventory in the system the bears are in charge. i think intel is not a stock to own. i'm sorry. it's just not. not with all these great growth stocks going down every day. if you want to predict how the market will react next week, just ask yourself if you see the war unukraine ending anytime soon that will tell you on "mad money" tonight, splunk is out of its fuk, soaring higher today with news the bank will approve gary steel taking the helm could it be worth considering? don't make a move. he joins me tonight. then we'll find out. >> then, allbirds hasn't left the nest since becoming public down 20% in the last week alone. what does the move signal for its company and its peers.

>> and twinkies are said to last a lifetime, but could an investment in hostess last just as long? i'm sitting down with the ceo and he has game, so stay with cramer

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rally. take splunk, the data monitoring and cybersecurity company. they reported a shockingly strong quarter the company delivered a monster revenue beat and earned 66 cents per share, and analysts were expecting them to lose 21 cents. even gave excellent forecast for the year. in the worst cloud stock tape i have ever seen but given splunk is still down 27% from the november highs, more than 40% from its peak in 2021, i'm wondering if this is a long turnaround and you need to be in. let's check in with gary steel, the incoming ceo of splunk to get a sense of his vision for the company. wow, gary. welcome back to "mad money." >> thank you great to be here, jim. >> it is a joy to see you. and you made so much money for people at your predecessor company. i have to ask you point blank, why bother if you did great. you gave a great return.

it was a fabulous run. why go to splunk >> you know, i think splunk is an amazing company and i'm really honored to be here they had just a tremendous history of phenomenal innovation they have a great product, and they're central to what everybody is worried about they're worried about their cybersecurity posture, worried about managing complex apps and splunk is in the middle of all that i think it has a tremendous future and i love to be part of this journey >> but there are a lot of people who said splunk had been leaderless doug had been on the show a number of times and then he vanishes we don't know what happens to doug, but we know this a lot of people want splunk's business, they want to take it away, and it's a competitive industry what have you seen that made it the right thing for you? >> yeah, what i see is an incredible customer loyalty with 95% of the fortune 100, with very deep relationships. customers who want to buy more, and i feel like the positioning,

the innovation of the company is amazing. and as you commented earlier, splunk closed out a phenomenal quarter and a phenomenal year, and i wanted to thank all the splunkers for that, so i'm stepping in at a great time. just great positioning and i think we have very optimistic path forward >> i always thought doug would come on because you would have the side that monitors the data and then you added unbelievable cybersecurity. you are mr. cybersecurity, and you have seen what's happened. and i have to tell you, you taught us this thing is getting out of control and it did what are you seeing in terms of russia what are you seeing in terms of china? what are you seeing in terms of the ransomware and guys with bitcoin, you field me that was happening. how bad are things >> i think in this very unsettled geopolitical climate, customers and organizations around the world need to be on high alert and splunk is right inthe middle of all that we can be a tremendous partner to our customers and there's

incredible value we can deliver because it's getting more complicated, not easier. and splunk really gives you the inside visibility you wouldn't get from any other product so i feel like we're well positioned to really be a great partner in these troubled times. >> you had an amazing role, and everyone was using you we often talk about how there's another guy out there, microsoft, a great company, but it wasn't their expertise. it was yours are you able to open that rolodex and bring some of those customers over to splunk >> i sure hope so. i built a lot of relationships when i was at proofpoint i had a phenomenal run there just a tremendous experience for me and i hope to bring a lot of that experience and relationships with me. >> i think it's important to note that you had, what, 70-plus consecutive quarters of growth at proofpoint. that consistent. >> something like that something like that. >> i mean, you know, splunk has been a little more episodic. can you change that? >> you know, i hope so i think i can be a stabilizing force.

a stabilizing force for the company, a stabilizing force for our customers. and deliver the next chapter for the company which i couldn't be more excited about >> doug used to come on and say we're almost to the point where people recognize the subscription revenue and recurring revenue stream, but we're not there yet. where is splunk in making that great conversion >> you know, splunk really turned the corner this last quarter with cresting there 3 billion of arr, with phenomenal growth at that scale so i think it's going to be simpler and easier from this point forward, and i'm just looking forward to leading us from where we are. >> do you -- who are the partnerships with splunk because i know it's really important in this business, i had okta the other day, you know okta i was saying who are you partnering with? they said we do business with everybody. we have to do business with everybody. and splunk, are you, because you know all these companies who are the companies you work with >> very robust partner

partnership against resellers. everyone wants to work with splunk it's because of the incredible inoovation and products we have and offer and the role we're playing as a critical piece of infrastructure for companies so i couldn't be more excited about the opportunity with partners because i think it can be a great accelerant to the business here. >> i always viewed splunk as a u.s. company i think the growth is international, because that's where everyone -- look, europe is being hacked like mad they just don't talk about it. can you change that to make it so it's a different ratio? >> i think i can and there's clearly plenty of opportunity outside the u.s. splunk has done a great job building the foundation for that growth over the coming quarters, so i think i can be a catalyst for it >> and give me one last thing. the u.s. government is not being funded well. and yet the most obvious target for hacking, for email, for everything is the federal government how much danger are we in with the fact that the government is well underspent when it comes to

cybersecurity? >> you know, i think we're in a different time today i think every organization, whether you're a government organization or you're a public company or a private company, and no matter what size you are, you have got to be investingin cybersecurity. there's no choice. and in particular, in these turbulent geopolitical times it's more critical than ever i think one of the reasons i'm standing here is because i'm so excited about the opportunity to drive growth in our business, because of the role that splunk can play to help organizations whether they be government organizations or private organizations, i just think there's a tremendous opportunity here >> i'm glad you have always been a great friend of the show, and splunk, same thing, always great friend of the show i love the businesses that you run. i want to thank gary steel, the incoming ceo of splunk, which by the way, changes my view of this company rather radically, as did that quarter thank you. >> good seeing you >> keep your eye on this one it's there "mad money" is back after the

break. >> they might have a place in your closet, but after their recent sell-off, cramer is sizing up the new foot wear and apparel stocks on the street to see if these retailers deserve a place in your portfolio, next. staying up half the night searching for savings on your prescriptions? just ask your cvs pharmacist. we search for savings for you.

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and kids can be kids. order your american made products at weathertech.com. at the end of what was definitely one of the most difficult weeks in the market that i can remember, i think it may be the perfect moments to survey some of the devastation in the stock market. see if we can learn some lessons. not necessary buy stocks but lessons about the beaten down nasdaq and the ipos we have seen which continue to lead the market forward in the last couple of years we have had a flood of ipos and throughout this whole period, i

warned you many of them were just way too dangerous to touch. i said it to you again and again and again. well, they had strater fearic evaluations that i knew had to crash to earth, but before the fed started signaling it was ready to tighten, it wass easy o convince yourself these newly minted stocks were worth owning. but we have to review what happen sode it never happens again to you tonight i want to focus on some of the most recognizable brands that became public in this period these were kind of showcase brands now, we have seen their stocks annihilated. it's not because i want to toot my own horn. it's too late for that i was warning but it's because i think shifting through the wreckage can help you become a better investor so you know what to avoid, not what you should buy. so let's start with one that all of my friends were crazy about when it came public, a company called allbirds. that's that ecofriendly footwear

brand that came public in november at $15 a share before jumping to $32 at its peak just later that day since then, it's been all downhill i didn't want to talk about this one until a month late whr allbirds had come down to $16 and change but even after that epic design, i told you to stay away because the valuation was insane looking back the problem with allbirds and its fellow travelericize you had way too many naive investors buying this thing without any regard for the price. simply because they like the brand. they wore the shoes. right out of the gate, this unprofitable little shoe company was valued at a ridiculous, absurd $4.7 billion. when you consider that it's on track to do just over $350 million in sales this year, with only a 25% to 30% growth rate, now, that's not bad at all, but it's not worth 13 times sales either maybe 13 times earnings. even in a forgiving market, that loves high flying stocks with no earnings, something had to give

here even when allbirds had pulled back to $16 in december when we first covered it, it was valued at roughly 6.5 times sales i said don't think about buying it before it drops below $12 we weren't negative enough allbirds broke down to the late teens in late january and fell to the high single digits in late january last thursday, we saw something interesting. allbirds reporting the second earnings report, and its results were slightly better than expected the full-year forecast was solid, however, management's guidance came in a tiny bit late initially, there stock tumbled 12%, but then the market bounced off the lows and it finished the session down lightly that turned out to be a trap in the six sessions since then lbirds has falls another $2 or so an percentage pass, that's huge. the company is valued at less than $1 billion at this point. that's really the problem here, when the momentum turns, it's impossible to say what an

unprofitable consumer product like allbirds is really worth. there's just no telling where it will find a floor. so why i'm tempting to say there isn't much downside left to the stock at $6 and change, you can't say that with any certainty, no matter how much you like the shoes next up, another footwear story. different, though, a little more positive the swiss company that makes performance running shoes. this came public at $24 back in december jumped to $40 in the first days of trading before pulling back to $30 by the end of the month we covered it in october when it was still in the high $20s i was conflicted on this one because unlike allbirds they're profitable the valuation didn't seem too crazy, but i couldn't recommend the stock because it makes n nearly all of its shoes in vietnam. given they took aggressive action to limit the spread of the delta variant, i was worried because that would me the mother of all supply chain problems

when these guys reported the first quarter out of the gate in november, the results were truly excellent. stock soared, but that was right before the growth stock sell-off i have been talkinguct endlessly. as a result, the stock has plunged 60% from its november highs. the omicron strain is now surging in vietnam so it's possible the supply chain issues are worse than expected of course, the supply chain is the only real negative here aside from the fact the stock has gone out of style on the wall street fashion i talk about. at some level, i think onholding will be worth picking at, but i don't go if we're there yet and there's no reason to be a hero you can afford to take your time third newly minted apparel play, did i ever tell you to steer away from this one rent the runway. the extremely cool service, not stock, but cool service, that lets women rent designer clothing, on a one-off basis or part of a subscription program subscription programs always attract people because tlir

there's annuities to them. the stock jumped to $24 before going lower and finishing the first day at $19 really bad sign. i didn't bother highlighting it at the time because the financials were so toxic even though rent the runway has an incredible concept as a business, they're practically burning money. chimney, put it right in the chimney, right in the fireplace. when the company reported its first quarter out of the late and early december, they had terrific user growth we knew they were going to have that terrific revenue growth, but they lost nearly 88 million dollars. when wall street was looking for a 65 million dollar loss that's horrendous. since then, the stock has been more than cut in half, justifiably. rent the runway seemed to find a floor in the mid-single digits between 4 and 6 for over a month, and you can argue this has the makings of a decent reopening story. however, i don't want to stick my neck out on something so deeply unprofitable. if you want to own an apparel stock, you know what i would

rather buy macy's it got zero credit for their quarter because the tape has been so ugly they have the added advantage of being cheap, trading less than six times earns. let me give you one more quick hit, real real, an online consignment shop for luxury goods. my wife uses it. last wednesday, they reported a mixed quarter that i thought was discouraging, at least in terms of the forecast. even their adjusted earnings for interest, tax, depreciation aren't expected to turn positive until 2024 no thank you here's the bottom line i hope you learn from the losses in these public stocks which i tried to get you out of. when you see a massive flood of ipos, it's a bad sign. i think you could have saved yourself a lot of money. how about steve in maryland? steve. >> caller: how are you doing, buddy? >> oh, man, we had a big investment talk and i got a kick out of it even though the market is bad, and i feel so bad about

ukraine. >> caller: i feel you. first off, i would like to thank you for always pointing out important it is to diversify that's helped me a lot over the years. my stock is callaway callaway acquired top golf about a year and a half ago. it's my understand top golf was a very good acquisition. is that true also, is the acquisition of jack wolfskin turning out to be a good choice? you never hear anything about that >> you know -- >> jim, i have had this stock for maybe two years now. would you hold this stock or take the profits >> it did say something about how it's having some problems with making the investments. they said they tend to put financing transactions indefinitely on hold and i think that really freaked people out because i gotta tell you, i like it i like it a lot. and it's come down a great deal. i'm with you look, i think it reflects the

negatives here i think it's a real good company. i'm going to go to rambo in california rambo. >> caller: boo-yah, jim. this is rambo in san jose. >> how are you doing >> caller: thank you for that great call this morning. that was wonderful >> i know it's a tough tape and we own some growth stocks and it's been tough, but we do our best what's up? >> caller: jim, i really like nike i know that this was a club name last year. and we sold it in the $130s because of fears of how china was going to affect it that was right before the huge short squeeze that drove it above $170 the price is back again to the low $130s. the china fears have been put to rest for the most part analysts have a price target of about $180 on it right now, and the stock has a forward pe of about 29x. is this a good time to buy back into nike? or should i be concerned that inflation -- >> we made good money on it, and then we left it, but we obviously left it too soon

here's what i'm worried about with nike. i'm genuinely worried about the vietnam problem. because of omicron it's hurt a bunch of companies and i think it could hurt them, too. so while i like nike, i cannot stick my neck out on it, although i will tell you, i think a long term investor who puts some in at $130 and then puts some on at $120 if the quarter is not that good will do fine because they are cleaning up and doing great direct to consumer thank you for the kind words so i'm not positive or negative on nike right now. i just fear owning stocks with vietnamese connections boy, i love vietnam. i just wish -- terrible covid. remember, when you see a fld of ipos all at once, that's a very bad sign i hope you steer clear of these names and save yourself a lot of money. now much more "mad money" ahead. could hostess, yes, twinkies, give your port foal kwloe something to snack on? i'm sitting down with the ceo to find out if shares could offer up a sweet treat then, missed today's investment

club monthly meeting i'm breaking down all i learn from the devon energy ceo. you do not want to miss this and rapid fire night's edition of lightning round stay with cramer staying up half the night searching for savings on your prescriptions? just ask your cvs pharmacist.

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when the fed is about to raise interest rate, the hedge front playbook says you need to circle the wagons around stocks and less followed categories, the packaged food companies. but this is tricky because many of the so-called safety plays are struggling with inflation to the point it's eroding their earnings power that's why you need to be selective when you're searching for safety you only want to own companies

thet can cope with the current environment. companies like hostess brands, the maker of twinkies, hohos delivered a nice top and bottom line beat. they rolled out some encouraging long term growth targets, stock barely budged in response. i think that's partially because it's been on a terrific roll so can this thing keep climbing? let's take a closer look with andy callahan. we have to learn more about the quarter. mr. callahan, welcome back to "mad money." >> great to be here. >> i have to tell you, i never thought i would say what i just said because i'm looking at a forbes november 12, 2012 headline that says why hostess had to die and the story was that it's now shut down and is going into final bankruptcy yet i'm looking at a man who would tell me that never happened >> that's the power of the hostess brand, twinkies, ding-dongs, and building products and quality that they love and doing it in a very

responsible, disciplined financial way. and we're on a roll. >> it does seem to me that you have cracked the code. a lot of people were telling me, listen, just pandemic stock, but when i look at yours, i think it's the opposite. i think when people are out and about, it turned out they liked your product more than just one point during the day >> snacking, we focus on five occasions. it's a $91 billion snacking market, and where we focus is $50 billion, and it's been growing beforecovid, during covid, and it will grow after covid because some structural consumer shifts. consumers love sweets. they do it differently they snack portion control, but it's unmistakable, the trends. >> i was worried when i started seeing of course, gasoline is out of control, and a lot of the raw costs of packaging i said, i sure hope that it doesn't make them struggle because you have reallyculean w back are you okay with the costs? >> they're real. we're dealing with supply chain

challenges, like everybody else, we're dealing with inflation like everybody else. we just came out of a year with double-digit inflation and despite that, we held gross margins relatively flat. and while we invested in growth, and we grew, you know, as you saw nearly 12% and our eighth consecutive quarter of at least 9% growth. and we're doing it because we have pricing power we manage mix, we're proactive about it, we're very agile to get after it so we're well ahead of it. and the team is just doing great job. that's what happens when you have a disciplined business model. >> you sell yourself short i like the innovation. caffeinated doughnuts. their time has come. >> we got -- all right, so the growth in the category we have been responsible for 65% of it last year, 40% over the last several years, and a lot of it is due to innovation baby bunts is off the charts, and the boost which is brand-new going in now, over a billion

impressions with consumers it's gone viral. going to be a great new idea >> i have a idea this brand had been kicked around there were these private equity guys involved and stuff. you have taken it from the view that you like the product and you work backwards it is the original sin, and you got that and you obviously love these products and that's why i think it's working so well. >> well, i love our consumers, our consumers love the product i do i'm a consumer it always helps to be a consumer but we have invested in quality. we have invested in innovation and we're just getting started the growth in front of us is unmistakable we're really just getting started, jim we lead the industry in growth at industry leading margins. we're going to maintain them and grow ahead >> is that why you have strong free cash flow when the company used to have weak free cash flow >> so i have to give credit to who i call the second founders

coming out of bankruptcy, they said structurally up a system that enabled us going through the warehouse which was cheaper, we focused on the right products and got rid of some of the legacy and it set up a system with our agile model that we have been able to unlock by investing in consumer, innovation, advertising, take that extra margin and invest back in growth that model has been beautiful. since we have invested in those capabilities, our growth has taken off as i just said so structurally, we're better. then we have been able to unlock it by inviesting in quality. >> when the company was in trouble, i kept hearing you had legacy product portfolios. brands that were declining because of a shift in consumer behaviors. was that just not true >> that's just not true. they snack differently now consumers do we all do. but the amount of occasions of consumer snacking continue to

increase the way they snack is different. we give consumer portion controlled products that fit with their lifestyle whatever occasion is, whether it's morning sweet, whether it's a lunch box, whether it's an afternoon reward so the occasions are up. and we give them products that are very convenient portion control. and if you do that with the high quality experience that they come back, then you're going to continue to grow and we have unlocked the growth engine on this business with advertising, consumer connection, and bringing a whole new generation into the brand. and baby bunts, brand-new, crispy minis, brand-new. a boost with caffeine doughnuts. i had an old saying in my job when i first started at kraft, jim was the ceo, he said there's no tired brains, just tired brand managers that's true. we revitalized to a whole new consumer base and generation >> you did make one mistake. you did not send me a box of the boost doughnuts before the show. i mean, come on, man

>> that's a done deal. >> you sent me that email how well you're doing, i figure we have you on. next thing i know, there would be a giant pyramid of boost doughnuts. but no, you didn't go there. >> maybe they were saving it for someone who needed the energy. but jim, it's on its way >> you know, you're a joy. i wanted to believe because i love the product but i was so skeptical you made me not skeptical. and you make me feel like this is the one to own. i want to thank andy callahan who gets it. a business person who gets it. president and ceo of hostess brands twnk, easy symbol really good to have you on the show again thank you. >> great to be here. >> absolutely. "mad money" is 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.

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it's not peanut butter. ♪ the peanut butter box is here ♪ i'm out. pet prescriptions delivered to your door. chewy. . it is time time for the lightning round and then the lightning round is over are you ready? let's go to richard in nevada. >> caller: hey, skee-daddy i know you're high energy so i'll keep it tippy they fit the balance sheet, have a decent dividend and solid buy back four times the copper of a gas powered vehicle. 20% of their byproduct is gold and you get a molly kicker

do i have more sense with this, fcx. >> still incredibly cheap. i was thinking about trying to buy this or barrack for my travel trust because copper hit an all-time high today and these guys have great assets i think you really have game with that one. sarah in my home state of new jersey sarah. >> caller: hi, jim thanks for taking my question. >> sure. >> caller: what do you think about progress software? it seems to be trading at a fairly attractive multiple for a software company >> i agree and i have always thought that maybe it was going to get a takeover or something because it is so cheap, but there are so many databased software companies i can't own it unless you think you can get takeover and the justice department and ftc seem to be conspiring against takeovers. jason in florida jason. >> caller: what's up >> oh, jason, i don't know we had a great club meeting today. so happy i got to talk to like 15 different people in the club what's going on?

>> caller: i'm calling about this stock that i bought because i wanted to be part of the future i'm talking about space, the final frontier virgin galactic. >> yeah, i tell you, i agree that space isthe final frontier, but i don't think it's an investable frontier just the final frontier. let's go to andrew in new york andrew >> caller: hey, calling in from the absolute ludicrous money investment group how are you? >> i'm doing well. how about you? >> caller: excellent i'm calling about a manufacturer and distributor of rail and outdoor living products and accessories with residential and commercial markets in the u.s. they reported earnings for q4, missed and experienced some margin erosion trading near a 52-week low, the ticker is trex what are your thoughts >> yeah, this thing has gotten -- to tell you that this

thing is out of favor is ridiculous and people also think that home sales are going to get weak. they did not do what i wanted to see. they only beat the number by a little bit i have been expecting beat and raise, beat and raise, and then thurnings per share was terrible so the answer is no thank you. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade >> earlier today, devon energy ceo joined cramer for the monthly cnbc investing club meeting. stay tuned for a highlight from the interview with the energy titan. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center.

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about your investment decisions, upping capital budgets, trying to grow more, you know, you really have to think about inflationary pressures and you also have to think it will be maybe a year when you start seeing that production really come in. so i think most companies publicly traded companies such as ourselves will be very thoughtful, very cautious. we had some head fakes

we understand the concern about commodity prices right now but we just need to be somewhat patient and disciplined and stay focused. >> look, if you want oil to come back down, we desperately need the exploration production companies to start drilling like crazy. but it's not happening hey, that's really my takeaway from talking with rick he's the ceo of devon energy, by the way, the number one performing stock in the s&p last year, for our cnbc investing club's monthly conference call rick is one of the most thoughtful ceos i have ever met. first sat down with him in a helicopter touring the balkan sea 11 years ago he pioneered a new way of running an oil business when he decided to hold back on drilling and returned half of devon's free cash flow to shareholders thanks to the dividend, the stock now sports about a 7% yield. even from the miraculous run from the low 20s to the high 50s today. i love when i talk about him, i

greedily wanted him to do more drilling i figure with west texas crude at $115, as it is now, after another big jump today, it would be worth it to open the spigot make more money. no dice. rick said it just wasn't going to happen. see, he thinks this could be a temporary blip, and by the time he brought the rigs on that he was talking about and did the drilling and got the new wells up and running, it might be a year from now, and who knows where oil will be then he pointed out the oil futures could be lower soon. and after the remarkable run, i have been eyeing halliburton, a terrific oil service company waiting for disciplined execs like rick to give a little and maybe start losing some of the discipline and up spending on wells. i thought this price would be irresistible for them. i was wrong. so the bat is staying on my shoulder, but if halliburton stock comes in, i want to buy

it, because all producers won't be as disciplined as devon in the end. they need all the rigs they can get. they want the gas flow they alone could give me enough room to make the call to buy halliburton. but let's go back to rick for a second if you watched the club call, and i think you should, you now know why i think devon is such a fine company it has incredibly low costs. $30 a barrel, and those costs are still coming down thanks to the wpx merger with devon. plus they're using this moment of strength to pay down debts so they won't be stretched. conservatism rick has a commitment to scaling back the carbon footprint too. at the moments, oil represents about 4% of the s&p 500. it used to be much higher. i would say that's wrong it should be much higher now with companies like devon being extremely disciplined. i take calls during the monthly meeting and one caller asked what would be a good hedge against the craziness. i said simple, owning an oil and gas stock. i should have made it easier own devon energy

that's your insurance policy against continued geopolitical chaos. maybe that's one -- that's the only one you need. wow. i would like to say there's always a bull market somewhere i promise to try to find it just for you on "mad money. i'm jim cramer see you next time the news with shepard smith starts now russia makes gains in southern ukraine but is still stalled in the north i'm kelly evans in nor shepard smith. this is "thenews" on cnbc. we are not going to move into ukraine, neither on the ground or in ukraine air space we'll end up with something that could end in a full-fledged war in europe. >> russia's attack last night put europe's largest nuclear power at great risk. >> it's not only an attack on ukraine, it's an attack on the global security of europe. >> the kremlin must cease