anything maybe some wipes for the way home cvs. >> tim seymour. >> budweiser king of beers happy st. patrick's day everyone. >> meantime "mad money" with jim cramer starts right now. see you back here at 5:00 for fast "market movers" 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. "market movers" starts now ♪ hey, i'm cramer. welcome to "market movers. welcome to cray-america. it is time to make money my job is not just entertainment to education and teach you how it works call me or tweet me @jimcramer sometimes the last thing you need in this business is an

explanation. there are moments when the action is so darn pointless, so driven by market mechanics, past etf trading,al al goe rhythms i will lead you astray nasdaq jumped, it was looking soggy at 1030. let me ask you this. two days ago we had a dramatic decline in the price of oil, down more than 10% instant analysis said the oil rally was over, done, stick a fork in it we heard there would be a slow down in gasoline because china's lockdown we heard higher prices at the pump were reducing demand. we heard russia was flooding the world with crude to finance its daily atrocities against ukraine. but the truth was more proceed sayic. oil shot up so fast producers didn't have a chance to get to the oil pits you saw tons of buying and

telling. once the oil companies had time to adjust and do future selling prices went back done. nothing wrong with the oil rally. it was a reason to buy, not sell, and the bogus explanations led you astray here is one. williams and sonoma. we have them on the show tonight. as the stock plunged from ever highs the professional money managers were telling my i should never have had the company on because it was laying people off left and right so things must be very bad. they reported last night and we turned they were closing a ton of stores because so much of the business has gone digital. it is better, it is more profitable there was nothing wrong. the bears just worked too hard to generate a coherent sell piece. another guest tonight. experiencing the same kind of bear rate when it downsized its stores they were never starved for business, just didn't need as many physical locations.

this kind of thing happens every day in tech land the bears keep telling me gaming has slowed and the data center must be woozy given, you know, the seeming slowdowns at etsy and shopify. never mind those aren't key accounts we were told to dump the semiconductor stocks, especially nvidia this was a bear raid i heard this bear raid from everywhere, everywhere the only -- there was only one animal i didn't hear it from that's my dog. but as it happens, it is not true see, over this week we spoke to matt murphy. he doesn't work at nvidia but marvel tech which is data centers in partners with nvidia. the real story, can't keep up with demand. people sold nvidia for no reason whatsoever even as the legendary ceo is about to give her always-dazzling keynote at the tech conference next week. this conference, i have to tell

you, when i heard it last year, well, it was the beginning of the metaverse. oh, he is going to show you stuff at this conference that is just going to blow your mind and people sold it because they heard that the data center was slowing. stay the course, people. sometimes it is as simple as extrapolation. this week we spoke with the ceo from honeywell, a company with a great deal of aerospace exposure, but it also has exposure with a ton of other markets as well as strong selling process chemicals, refineries, all sorts of climate control for commercial buildings. it doesn't help the stock, but once the charitable trust holding crosses to the new industries and we stop focusing on aerospace i bet the stock of honeywell will go from 192 to 210. there is more to the space i heard that eli lilly's drug doesn't work so short the stock. they develop a novel way to lose weight for type 2 diabetes

patients may be the largest drug they've had. you have to scramble and buy some before it gets away because something else is happening that is not factored in and it didn't go the bears' way. why does it happen often for many portfolio managers have promised clients they will find stocks too high and blow them lower. they're setting up a shadow boxing situation where hedge funds get short, tell others their thesis so they believe it, by the way it is not market manipulation, they believe it. if the idea sounds plausible the stock goes down causing other investors to panning balk they see it going down. you never seem to know where the next fire fight is going to be so you end up becoming gun shy about staying long a very good stock. what else drives this action this market has a disease called multiple compression

because the fed is hitting the brakes on the company wall street will pay less for any company's earnings streak. the price is compressed triggered by persistently high inflation and we have that the thing about market wide multiple compression is it hits the most richly valued stocks the hardest. this is why i keep telling you companies that make real things, then return money to the shareholders we have finally gotten comfortable with only buying cheap stocks with low-priced earnings multiples, but suddenly this week the high flying price-to-sale names are flying what happened? in november when all of the nearly priced to tell stocks were starting the sliding, no matter how much you liked them, they were getting killed how did they rally now well, because if you sold them because of inflation worries like so many professionals did, then wouldn't you want to buy

them back now that the fed is cracking down on inflation it makes sense to me that's how a short can become a long, at least for a couple of days now, i'm actually describing two different dynamics here. first we have the somewhat desperate attempts by hedge funds to find something wrong then get short, then make a loud public case about why you're right and everyone else should be afraid. the second dynamic is more straightforward. it is the classic hedge fund playbook that tells you to flee the flimsy and hide in the tried but true, but the first dynamic is hidden by the obfuscation of money managers who don't want to admit they're trying to foment panic. the answer to the conundrum is to forget stock picking entirely and buy an index fund. it was a theme today i disagree as i constantly tell cnbc investing club members i think the solution is to stay out of the crosshairs of the young, money-losing stocks, many of which should never have become

public and came too early, and find companies that make things and do stuff you like and then they distribute to shareholders like you generous dividends or buy backs. the key is not to be taken in by plausible sounding arguments that turn out to be untrue here is the bottom line. many investors are leaving what they believe is a rigged casino rather than understanding that the market is not a casino at all, just a place where it is, unfortunately, very easy to make mistakes even the smartest money manager will be wrong a lot of the time. if you are right, 60% of the time you can make a killing in the business please don't take everything you hear as gospel jeff in my home state of new jersey jeff >> jim, how are you? >> good, jim how are you? >> thanks for taking my call. >> of course >> i have been following since the early days of the street dot-com. >> you are dating me to 1996 now. let's go to work. >> okay. i first want to thank you especially for the chart

analysis of give of name technicians because it gives us some conviction about the near and medium term and enables us to stop trading. >> then i will do one tomorrow >> okay. >> i will do one tomorrow for jeff in new jersey i have been debating it. you are on what is up >> so my stock is amongst -- i'm looking for a disrupter type stock. >> okay. >> that i will be able to buy near a bottom and hold and they're usually, you know, disruptors for technology or the business model >> okay. i like this idea i think it is a good idea. very sound >> so i have already taken a position in doma and i can't -- i don't know where the bottom of upstart is but the one i'm calling about is bumble. >> i think bumble has a great content, okay. the stock is starting to come back because people -- you know, it is one of the most hurt since the fed crack down it will do well. i will endorse it but you have

to understand, i don't mean to cop out on this but it is a long-term idea, it is long term. chuck in hawaii, mahalo, chuck >> boo-yah, jim. >> boo-yah >> first-time caller >> okay. >> should we buy amazon before the stock split or after the stock split? >> it won't matter, sir. it is just a ledger, it is literally just -- what will happen is people get stock and it is more likely some people sell shares so it is not a good reason to buy or sell the stock. let's go to nathan in pennsylvania nathan >> hey, jim. it is nathan from pittsburgh it has been a while since we last spoke but i want to thank you from when you did a homework on a stock -- you brought on the ceo. that was element solutions incorporated >> thank you, man. >> thank you for that. >> thank you >> this stock that i'm calling in about is a great company, great financials

excellent fundamentals but bad technicals and bad stock price action the only reason i'm hanging on to the stock is have the potential to be bought out should i hold or sell sonos? >> sonos we shouldn't buy anything before a takeover however, i have to tell you it is a real ly great company and they've done a great job i cannot count selling sonos i think it is too good a company. many investors are leaving what they believe is a rigged casino but the market is not a casino at all it happens to be a place it is easy to make mistakes. the bears make them all the time don't take everything a money manager says as gospel and do your own work. that's what the trust club is about. that's why i started on "market movers" to night, signatures says that weddings will hit a 40-year high this year due to pandemic backlogs. i'm married, i guess i could get

married again. i might have to. how could it help the jewelry kingpin's bottom line? i check in a nice dividend boost this year but which should you keep your eye on i'm sharing my favorites williams-sonoma jumped higher after earnings could the home run continue after a stock that i think is dirt cheap i'm talking to the company's top brass, so stay with cramer ♪ don't miss a second of "mad money. have a question? tweet cramer, #madtweets send jim an mae-il or give us a call at 1-800-743-cnbc missed something head to "mad money" on cnbc.com.

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you know me, i get excited when i get my favorite company, one of the signatures, the parent of kay jewelers jared, the stock surged 7% today. i remember how long it was when art started taking the thing over i have to tell you, signet has sold since the beacon of ever and that's in part because it is widely seen as a pandemic winner they've all been punished, even the ones that should work fine in the current environment sig met managed to find a bottom and continued to roar ever since. the company reported a good quarter, more importantly absolutely good guidance for the current quarter and full year. is wall street willing to give the terrific stock and great ceo the credit they both deserve let's take a closer look now, jenna is the ceo of signet. we have to learn more about the water and what comes next about the amazing turn around story. welcome back to "mad money."

>> thank you so much, jim. it is great to be with you. >> jenna, i'm blown away because you did it again not only that but you gave us a great forecast many things seem to be going your way let's first start with the amazic sales growth that you are seeing. >> i'm so proud of the signet team, jim. everyone has really rallied behind the transformation strategy that we put in place, and it showed up in the numbers. we grew our revenue 50% last year versus the prior year, double digit operating margi goes i think it is exciting we now have the financial fitness to invest in our business consistently and to drive share gains over time. last year we gained 27.

>> it is quite an achievement. >> first and foremost we want to grow the category. we have been attracting new consumers into the jewelry category and into signet's business disproportionately relative to competitors. in a large part it is because of the digital capabilities we put if place we now with our targeted marketing, with our data and analytics we have the capability to target new customers with the right message at the right time, and so they already come to our websites and to our stores as ready buyers >> now -- >> we saw a lot of people come into the category last year. the category was up about 20%, but a disproportionate number of those came into signet >> that's what i want to ask you about. you have some statistics one, the number of weddings, the highest in nearly 40 years is that something like post-pandemic? how does it work out >> yeah, that's exactly right.

people have been waiting for the last couple of years to get married so that they can invite their friends and families to celebrate with them, so this will be a record year of weddings we think between 2.4 to 2.5 million weddings typically pre-pandemic that would be around 2.1 million. so, you know, a double-digit increase what is exciting about that for signet is that people buy their wedding bands only about two months before the wedding. so they might get engaged before, but they're in the market looking for jewelry for that special "i do" moment, wedding bands, of course, but also beautiful earrings, a great necklace to wear once you have your photos taken with the great earrings, of course you want that to be your first-year anniversary gift. so we're surrounding couples on this happy occasion. >> i like the fact there are things you were doubted on, jewelry rental, e-commerce i heard these were things that

couldn't happen. you have triumphed over both of them >> well, it was a paradigm that just wasn't grounded in consumer insight. we know that now 65 percent of our customers and actually 90% of our highest value customers are interacting with us both in stores and online. most of the time they buy in store, but they're back and forth between our channels they're using our achat. they're talking to a virtual consultant, an in-store consultant it is seamless now people thought it wouldn't happen that way, jewelry was only a brick-and-mortar category certainly it is very important our stores are critically important and we now have a competitive, open timized netwo of stores but it is more than that >> extended service agreements i know they are doing well i buy a lot of jewelry, i never thought i needed it but it seems customers want it. i know your style.

your style was not to push anything on people you said it was the old signet, so this must be demand-driven by customers and not by your sales people >> you're exactly right. we did a lot of research on what customers want, how they want to take care of their jewelry we think of it not just as a purchase experience but a jewelry ownership experience if you buy a platinum ring or gold ring, dipping the ring over time keeps the luster. or if you have a beautiful diamond, you want to make sure that prongs are tight over time. we have the largest cadre of jewelers in the country and we can use our extended service plan to bring that expertise to customers when they need it. >> i'm asking because i'm personally involved in this. ukraine, russia. you are making a commitment to the ukrainians and also making sure russian diamonds no longer in the future.

>> well, we are a purpose-driven company, as you know, jim. our purpose is inspiring love. it is something all of our stakeholders really care about, our vendor partners, our customers, our employees as soon as we -- the whole world learned about this crisis we suspended our business operations with russian-owned entities and we made a sizable donation to the red cross. they're an organization who is on the ground right there helping the people of ukraine. we also let our vendors know we wanted them to do the same, that we wanted to make sure that no russian diamonds or metals that came into the supply chain post-this conflict would end up in signet jewelry. they are right there next to us as responsible sourcing leaders to ensure that our supply chain is fully responsible and ethical. that's our signet promise to our customers. >> you are a leader. i hope other people listen to you, both in terms -- i did. i asked my cfo, is this the

one -- i know jenna would never give idly, it must be the charity to give to to help ukraine. your stance on russian diamonds, we always heard it was cheap and what we care about is purpose. sti still an incredibly expensive stock. great to see you >> thank you very much >> what a job she has done "mad money" is back after the break. coming up, shall we call them the aristocrats where can investors go for stocks with big dividend leaps stay tuned and find out.

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i have heard from too many very smart technicians to seem convinced we're due for another downdraft before the market can find a true bottom regardless of the same environment, the rates will be raised perhaps as many as seven times this year. you know i don't like to do it it is the right move long term but in the short term it radically limits the amount of winners in the stock market. it is true you might want to use the moment of strength too reposition your portfolio as i bet 2022 will continue to be a difficult year for all sorts of stocks. like i've been saying since november now is the time to circle the wagons around profitable companies that make real profits or provide real services or most importantly return profits to shareholders via dividends and buy backed why am i focused on dividends? in times of turmoil it is hard

to figure out what wall street will pay per share dividends on the other hand is money in your pocket, hard cash. they make for an unassailable defense against a volatile market as long as the underlying company doesn't decide to cut the payout sure, you want bountiful dividends that are safe. the best way to determine the safety is searching for companies that raised their payouts because that's the confidence for the future. you don't raise it to cut it plus, with interest rates on the rise off dividend boosters can keep up with bond market competition. that's why i want to focus on the biggest dividend raisers of 2022 so far. thankfully, howard silverblatt at s&p do you industries maintains the information and updates every week on the s&p 500 website. after looking at the data we got good news and bad news the bad news, we'll get it out at the end of last year the s&p 500 yield was the lowest it has been in more than 20 years of course, a huge part was because the market ran so much

now it is down 7% per year the aggregate yield is higher. how about the good news? it is very good. according to the data, at tend of last week nearly a quarter of the companies in the s&p 500 have raised dividends this year, 119 of them, 24% good balance sheets. when you drill down on this year's dividend boost they're surprisingly solid 60% of the companies raised them 10%. we're looking for dividends boosts to outpace inflation i want to focus on the 27 elite names. been the group there are 111 i want to share with you pioneer natural resources, devon energy regular viewers should remember these companies, i talk about them all time because they're the oil and gas place that rolled out fixed plus dividend strategies last week payouts are up massively year over year.

given oil has spiked in the last month they should go higher in the near future. devin is the one we own for the travel trust which you can follow by joining the cnbc trust club they pioneered this strategy and have been disciplined about rewarding shareholders as the number one priorities. at this the yield is 7% even after the stock's monster run including the almost 10% gain today. remember, even if the stock is still -- still, say still, the yield is going higher because crude is above 100 i love these guys. by the way, the krceo was guestn the last club call pioneer, 6.3% yield. i like it almost as much as devin. as for cotara, it is more focused on natural gas tom jordan was on recently i like them. why is it lagging? it is more gas than oil. i have one more fossil fuel

stock a little too controversial right now, halliburton the oil service icon that's the newest holding in my charitable trust. they've been disciplined not to drill too much, at least the public ones, not private equity ones, awwith crude over $100 a barrel, that will change they have the most north american exposure making it ideal for the moment we are talking 167% increase i think that's a terrific sign of confidence even as i will tell you right now real-time we are monitoring how control is this russian exposure. we may have to bolt. we don't want to own the stocks of companies that are committed to russia. those are not the companies that you want to own. we care about purpose. next retailers i like tractor supply and best buy. tractor supply is one of the best-run chains in the country i urge you to go to one. this rural lifestyle retailer gave you a 77% dividend hike

i buy a lot of carhartt there but they have buckets of lady bugs fantastic at eating the bugs in your vegetable boxes best buy has come down substantially over the last few months and while the most recent quarter was a bit light, they gave excellent long-term guidance and hit with a 26% dividend boost at these levels, 4.6% yield. i like this one. pretty good. here is a bonus retailer, dollar general. earlier this morning they reported an in-line quarter, mixed guidance, but a 31% dividend boost, now a $2.75 buy back next up is nxp semiconductors, the chip maker essential to auto industry and all communications in industrial and smart home exposure the stock has been hammered but it was driven. the chip shortage is going to continue through the rest of the

year bad news for buying a car, good news for nxp have a dividend boost and buy back no stranger to the show, prologis, the king of the reach in that segment only has a 2% yield but the stock is a consistent long-term winner and keeps up with dividend hikes we simply don't have enough specialized facilities in the company so they should keep winning. how about a bank we own wells fargo for the travel trust huge position which if you join the club you would know. it is a great turn around story, especially with the fed raising interest rates the regulators are being more lenient as these guys clean up their act, which seems to have -- it is still going on well, but it hasn't made -- they allowed wells to put through two dividend boosts in the past year not bad. finally let's not forget about american express where we were yesterday. we spoke to these guys and they told a tremendous story about travel coming back

don't forget about the 20% dividend boost plus am ex loves to buy back its own stock. it is perfect for this environment. here is the bottom line. when the fed is tightened you combat rampant inflation don't overthink it circle the wagons around companies rapidly raising dividends that make things and sell them at a profit, and obviously give some money back to you how about robert in new york robert >> jim >> robert. >> farm income often increases with higher soft ag commodity prices, so i'm considering going long on agco, the number two farm and maker after deere i wonder if higher costs for farmers like fertilizer will cut into their cash flow and ability to buy new tractors? your thoughts, please? >> i've been struggling this it was a nice breakout in deere today. i have to go with deere because i think technologically they've

been the leader. those of us with a deere it is hard to recommend anything else but a deere. what a great machine let's go to alison in mississippi. alison >> yes, sir. my husband retired from chevron after 35 years of working offshore we have a 50/50 balance of stocks and bonds in our portfolio and 12% of those stocks are chevron stocks. he likes chevron because of the dividends it pays. yesterday chevron closed at $157.71 a share, and i was wondering if it would be wise to sell chevron right now and place the money in a cash account and then buy it back when the prices drop >> alison, too cute. i think mike worth is doing a remarkable job people were gasping at this. are you kidding me i think mike is amazing, he really is. i think you have to ride with him. i think you will look back and say, why did i think i could get out and get back in again?

thank you for the call dividends make for an unassailable defense against a volatile market. in times like these circle the wagons around a couple rapidly raising dividends making you feel good because they're doing so good. you don't raise your dividend to cut it i like every one of these companies. much more "mad money" including my exclusive with williams-sonoma. there's a dividend booster, after new sustainability goals we will talk about, i'm learning more about the home retailers mission to do well, do good and not just be a home retailer. then it is time to change the way the fed holds its meeting. jenny will love it all of the lightning calls in the lightning round. stay with cramer

alright, so...cordless headphones, you can watch movies through your phone? and y'all got electric cars? yeah. the future is crunk! (laughs) anything else you wanna know? is the hype too much? am i ready? i can't tell you everything. but if you want to make history, you gotta call your own shots. we going to the league!

♪ sometimes the market can just completely drive you nuts

for instance, whenever you get a dramatic marked wide climb like we had over the last four months you do get incredible buying opportunities but you have to know where to look there are tons of stocks that actually do deserve to sell-off, but there are names, and not that many, but there are some names that get hit so hard for no reason whatsoever and those are the ones you must buy. take williams-sonoma which stumbled in 220s in november to the 120s to the low last month before experiencing remarkable but correct rebound. it is not an unprofitable tech stock. it is a well-run goods home retailer i think it was hurt because there was a sense it was a panned play so no reason to own it once covid recedes. wrong. they delivered a monster 67 cents earnings beat thanks to the fabulous margins even better management gave us a bullish year forecast, talking about mid to high single digit revenue growth some of the retail names are

struggling to retain rise in stocks that's why it jumped even here, 11 times earnings are you kidding me in i bet it can go higher. let's check in with laura albert i have to tell you, when we last met it was 210 you delivered a quarter that was unbelievable in the interim people decided we don't need the stock of williams-sonoma. i think to some degree with the dividend boost and this buy back you have taken matter into your own hand you are not saying the stock is cheap. you are making us know that the stock is cheap >> you know, i think there's a lot of things that wall street doesn't appreciate about our business, and a couple of them are, first, our b-to-b business which i think people are starting to take notice of but they don't know how big it can be as a contributor. it is worth about 500 basis points of comp to us remember, even at that level it

is $80 billion dollar market, stefan holt fractured, underserved and we more than doubled last year and we will do it again the competitive advantages are sustainable product and our ability to design across brands for different types of spaces and scale. also, our -- you know, our ability to ship it to our clients and get it there faster because of our supply chain. that's would be of the things i think is really underappreciated of course, there's a lot of other things, too, from our digital platform to our sustainability in total as a competitive advantage. we know that our customers really care about that then also, you know, our -- not just our digital first mindset but our stores, which are incredible design resources for people to come in and have great help and great designers furnish their homes. >> i think - >> so there's a lot -- yeah, there's a lot -- >> i think you talked about something that's really important in terms of b-to-b and large size i want people to understand.

when i read in the conference call that you were with the mets, the padres, churchill downs, woodford reserve and people think it is a home goods retailer wrong. >> yeah, well, it is also an annuity because people buy from us and they keep coming back i mean we've been working with marriott for a while now, and we continue to add units. we have a great partner who does food and bench, and we have just done 1,000 of their locations and they have a it who more to go you will continue to see the new fun names we mentioned on the call, but also this annuity business with the people we've been doing business with for a while. >> at the top of the show i was talking about how the bears get things wrong at a time they will come and say you love this williams-sonoma so much but i found a store that's closing or i saw people are laid off the reality, and i know you kept people on during the pandemic so it is not your style, but the reality is that you are

rationalizing the fleet and people don't understand what that means that means making more money for shareholders >> well, it is also really important that you keep things fresh, right so we just opened an incredible store in the farmer's market in los angeles, and if anybody has any doubts about the vibrancy of retail they should go visit it because it is a great example of we closed a store in beverly hills that was really dated and that we hadn't spent a lot of money on and the reopening is phenomenal that's just one example of many. there are some locations where we had too many stores, we consolidated we have seen great transfer to a store nearby and transfer to dcc, which we are finally seeing but you know what? there's a lot of great new, you know, lifestyle centers to go into and you will see us open beautiful stores there, too. so it is optimization and it is investment in great stores, but probably fewer >> and the amazing thing is i was with steve square yesterday from american express. he said, people are giving up,

it is hybrid, there's nothing we can do, it ain't never going back hybrid to me is williams-sonoma. >> yes i mean as we enter the endemic stage here, i think two things are clear to me anyway one is people really reprioritized what's important to them and their home is important to them. secondly, people -- you know, they've learned to cook and they're working from home. you talk to a lot of ceos, particularly really good ceos, and hybrid is here to stay why is it here to stay because, you know, done right people are more productive hybrid and also it gives people agency, and people care about that they want to have control of their own leives these are important factors in the home, because if you are home more you care more about how you live in it and what your furnishings look like. >> i will tell you that i think your stock isry ridiculously l.

i think people misunderstood what you are doing but they need to remember you are not a home furniture company. you are da designer of many things this company is way too cheap, laura albert, president and ceo of williams-sonoma congratulations on a truly great quarter. an amazing outlook >> thank you >> guys, dividend boost. okay buy back great numbers. stop thinking small. think big. think williams-sonoma. "mad money" is back after the break. stick around - >> may i make a suggestion i would stay with cramer >> the lightning round is coming up next. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates

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♪ it is time! it is time for the light nick round. and then it is over. are you ready? david in new mexico. david. >> calling from the land of enchantment there, jim >> i love it there what is going on >> i took my dad and my brother went, we went to san miguel and we had some fantastic tacos with that guacamole it was really good >> thank you, man. >> my dad enjoyed your establishment. >> thank you i'll tell pedro. he's terrific. what is up >> i was wondering about -- i got two questions. one is canada goose and the other is google. if you could give me - >> google, my charitable trust

bought some. canadian goose, let me -- i see you with canada goose and raise you with ralph lauren. that's the better one to own joel in new york joel >> boo-ya, jim thanks for taking my call. you make it fun. >> thank you >> rgr, is this a buy or sell? >> it is a tough one for me. i am a hunter but i usually don't recommend gun stocks just because i think that i don't think it is right to it does a good yield and i tell people, look, i like to -- what can i say? it is a tough call for me. tough call it is not -- it is like tobacco for me i don't recommend them let's go to albaro in florida. >> hi, jim thanks for taking my call. i appreciate it. i wanted to hear your thoughts on carnival cruise >> if i have to buy one i will do a region because i think frank del rio has done a remarkable job, but at the same time at this point i would

rather own the worst airline than the best cruise line. let's go to chris in florida chris. >> hey, boo-ya, jim. >> boo-ya. i'm hesitant on a stock, i like the different denied cash flow but the price of the book is pretty high thoughts on western union? >> wow, every time i look at it and think it is good, because they do have some very good management i'm not going to fight you if you want to buy some the management is too good there. they haven't done anything yet but i'm okay with it at this level. marco in wisconsin marco. >> hi. this is marco's mom. >> oh. put him on >> hi, mr. cramer. i wondered what you thought about a stock you recommended in march, that's roblox stock >> i got roblox unbelievely right and it zoomed and then unbelievably wrong when they didn't deliver monthly numbers i think it is a great concept but the market is saying i'm wrong and i'm not going to

disagree with the mark let's go to mike in massachusetts. mike >> jim, god bless you, man >> thank you >> let me ask you about omega health care investors. >> yeah, you know, look, i think it is fin that i want to own in that group they're doing a good job there i feel more certain about that that, ladies and gentlemen, is the conclusion of the lightning round! the lightning round is sponsored by td ameritrade coming up -- does jay powell have a future as the host of "hollywood squares" fed edition? cramer thinks it is time to cancel powell's brady bunch fireside q & as. more "mad money" next. a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support.

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♪ after every monthly fed statement jay powell takes questions from a multitude of reporters, and because of covid precautions they line up in boxes like the old game show "hollywood squares." but just like "hollywood squares" wore out its welcome getting cancelled after 26 season, despite stand-up performances by gil godfrey and whoopi goldberg, 50 bases, 25 bases? what do you think. "washington squares" has run its course don't get me wrong i happen to love transparency, but this particular show of questions about 19 reporters has become a source of chaos and obfuscation. it is a waste of time because we

get so many worthless gotcha inquiries. as someone who has been both a hatchet man reporter and a gotcha target, i get it. who doesn't want to be the reporter who cracks jay powell good for them. but it doesn't do us any good. powell has to put a stop to this ridiculous game. he needs to make it much more like a quarterly earnings conference call. lots of people in business think one quarter is too short a period to measure a company's performance let alone a month, but i have taken my cue from the late andy grove, founder of intel, who argued it is the perfect stretch to hold executives accountable he has a great bit about it, one of the best books ever written he felt you should be able to course correct in a three-month period and if you didn't feel capable of doing that you should rethink your job i think powell is kind of a fed ceo and he should be more like it, transparent but tough and certainly not a reporter piñata. here is my suggestion, jay, cut back the number of fed conferences. take it back to four fed conferences per year

it drives me nuts to watch the fed chief keep taking his questions. shadow boxing off the same queried phrase in different ways over and over and over again worst case, cut it down to every six weeks for quarterly means we only need to experience this nonsense four times a year can we improve the quality steve liesman asks questions that illuminate the situation, but i've decided he's the exception rather than the rule so the fed should have reporters send in questions ahead of time and like what some of the best ceos do in their conference calls they should pick out the ones most on point so they can tell a narrative that way nobody's time is wasted by a ridiculous game show of the same questions again and again in a different varietal. 25 basis point look at this i thought i had 50 base -- yeah, enough with this game. but what about transparency? here is how i see it transparency that doesn't confuse us is good transparency that is short term in nature and often more

hectoring than illuminating, not good no thank you if most of the reporters were asking insightful questions we won't need to change the format. powell has a thankless job already. if he hits us with 50 basis rate hike he may slay the dragon. if he only had to describe his plans for the quarter he wouldn't have to hold his own feed to the kingsfords i'm sure there will be an outcry immediately but the press conference thing has gotten out of hand. you and i know it. it is better than the briefcase indicator of old but the old fed chair was judged by how thick his briefcase was or wasn't. powell can lay it out, if things go awry he can tell us that quarter what must be changed and why and handle the ten best questions that will expose the correct narrative. right now we have a press

conference that's not even worth watching do it my way and there will be more meat, less fat and a very clear quarterly meal i would like to say there's always a bull market somewhere and i promise to try to find it just for you right here on "mad money. i'm jim cramer see yo >> "the news with shepard smith" starts now. putin's got a problem. with president biden convince china not to lend a hand i'm shepard smith. this is the news on cnbc putin's forces stalled soldiers abandoning tanks. >> his war effort is not going as he hoped. >> and new fears that china could heed the call to get involved the new covid wave the omicron subvariant that spreads like wildfire. what we're learning from the united kingdom. the end of the era of ultra cheap mortgages. the rising rate trend and what it means for