take a look at the final trades for this monday evening thanks for watching "fast. see you back here tomorrow at 5:00 for more "fast. in theeaim "d ne mnte,mamoy" with jim cramer starts right now. i'm here to tllevel the playing field for all investors. i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to mad money just trying to make money. my job is not just to entertain you but educate and teach you. call me or tweet me. the long knives, they're out for jay powell hardly day goes by without

someone taking a shot for being too slow i think it's ridiculous because today, he said he's willing to raise interest rates at even faster as the situation gets out of control s&p dipping. the nasdaq losing .40% you can't ask for more than that i give you a snapshot of what he is facing. it's not easy. you need to understand this business cycle is not like any other. he's not like any oh fed chief he's better. first, there's been some monumental changes in how we live our lives courtesy of covid-19 while many have gone back to normal, many other, including some of the largest ones haven't. if you work in a business that can be conducted remotely, odds

are you aren't coming back to the office that often. three days might be the most for many especially if you have children these people are not coming back to work. what does that have to do with the fed? simple there's enough people in this country who can afford to buy a sec h second home, outfit it nicely and work from there. that's a gigantic shortage historically even four months would be considered tight. there isn't supply there either. i don't think it would have mattered here. remote work has become a game changer. why doesn't lenar build more homes? more important the land for the second home is not available because of environmental or zoning regulations it can't be negotiated fast enough surely, powell should have seen

that coming. if it's so pronounced that people didn't want to come back, the fed reserve, let alone the chief should have seen this coming i disagree powell, like many people, never thought the pandemic would last this long. we got another more contagious strain you could say powell should have had the data i say what data. the cdc director was just on cbs this weekend she revealed they haven't been able to get good data from many states because they can't compel governors to release it. i think he's a smart guy we can't expect him to do a better job of responding to the pandemic than our own health authorities. it's been a public debacle

the other day public health is outside of the fed purview it's not fair. you can't blame them people want to see their family, get married, take trips. they wouldn't change even with higher interest rates. third big change, the state and local tax. people are flooding to the sun belt especially arizona, georgia and texas. p the last two are incredible. california, florida, they have far allowlower taxes. it matters now because, remember, trump's tax reform package got rid of the state and

local deduction for federal income tax maybe this is something powell should have seen dcoming the mass migration has shocked the home builders. why wouldn't it shock him too? it was so hard to figure if you're going to a new country or if you fear getting covid from riding public transit guess what you have to have an additional car. the automakers had to come up with forecast based on nothing special happening this year. let alone a pandemic that make cars more essential. why not just make more semiconductors we're not like that. we can just in time inventory. it's the lowest variety that typically carry the lowest margins. the semiconductor manufacturer rather make high for the data center that's where be money is now we have a shortage

it's going be a shortage no of course it's not the semis of short supply everybody has to pay up and inflation became in the housing cycle. food started going up if there was a lockdown and you got your food from essential service tours but had to pay up to get everything they needed there's no worse place to have a war that russia. the gas station of europe invading ukraine, the bread bas

d -- basket of europe if ukraine can't harvest or export its wheat, we're looking at a global food shortage. if the west won't by russian oil and gas, that gives you an energy shortage. the other day, jay powell has been insanely bad hand of course he's falling behind. hence why he said the fed will move from here on out. feel free to blame them for not seeing what is coming. never forget that powell has been asked to do the impossible here so many things should be slowing the economy and cooling inflation naturally yet nothing has worked out the way we expected or the textbook said it would. just a crazy moment where he has to contend with a ton of forces that are beyond the fed's control and do it in a way that no one is good enough to navigate the armchair chiefs who will under his agenda

herbert in florida herbert. >> caller: i got these questions. ag, pc and intel >> which one what was the first bun >> caller: agtc. >> agtc. we're not following those little dollar stocks. i will tell you that i think that intel is still not a stock you want to own. there's too many others that are doing far better intel has to cut a lolt of price in order to get the customers it needs. that's not so good eddie in indiana eddie. >> caller: hey, jim. how you doing? >> i'm doing well. how about you? >> caller: fantastic thanks for taking my call. you recommended a stock in january fp

is it time to trim or go long? >> it's great win for the investing club disney is a longer term play i think disney is a strong buy right here let's go to wayne in california. wayne. >> caller: mr. cramer. >> yes >> caller: thank you for taking my call. i have followed you for years. i read your books. >> thank you difficult i want to thank you for your willingness to share your wisdom with little guys like me. >> thank you thank you and the kind nature. go ahead >> caller: my situation, i have a position in gm sh i do see general motors as a

long term winner in the ev space and i just wanted your opinion about whether gm's current stock problems are temporary and it's safe for me to continue tiptoeing into the shares or if there's something more fundamental underlying the downturn and maybe -- >> i think it's temporary, sir thank you for giving me the opportunity to talk about this first of all, i think it's a self driving unit that they are way lead on. i don't know if you saw that deal this week where they got out soft bank stock. i like their ev strategy i think it's just terrific it's one of the stocks when people say the stock is so expensive, i say how about the stock of general motors. powell has been asked to do the complete impossible. i think we should see the long knobs. he's contending with forces far

beyond control but he will contend well today's action made last week's rally look extra intiesing something in last week see what it means going forward. how did kroger get its groove back i'm taking a closer look at the supermarket chain. how could powell's move impact a financial staple stay with cramer

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the s&p 500 only had four up weeks this whole year. last week's 6.1% run was the best performance of benchmark index since november of 2020 when we first started hearing the covid vaccine were ready before we get too carried away, you need to understand we're just not out of the woods yet. we can sold multiple chargers and technicians. some were adamant this was yet to put in. rather than a sea change, something that would make it so the market is different, you need to think of giving an opportunity to reposition your portfolio. these levels are the chance to sell the most beaten down stocks

and pivot into the names that the thrive in rising interest rate we can't just dismiss this move as a temporary counter trim. the fact is you almost never see the s&p evolving 6% in a single week this can teach us a great deal about the current moment it's not just the s&p. all the major averages were up more than 5% first of all, how did it happen? let's talk about the ingredients that make this kind of rally possible because it is so rare first, you need the market to be down so hard that it becomes a coiled spring. ever since russia invaded ukraine a month ago, the average has gone into a tail spin. that's on top of the fed mandate decline when jay powell decided it was time to crack down on rampant inflation. the week before last was ugly.

the second worst week of 2022, at least so far. that continued last monday but on tuesday, all of the major averages turned around turned around and they department running through the end of the week with the tech heavy nasdaq leading the way why? because we got a host of meaningful when it was full. when russia invaded ukraine, everybody figured it was a wet paper bag. last week we realized the opposite it's more like russia is paper tiger. albeit a paper tiger with nukes. at the same time the price pulled back from its highest which is always as positive because oil is a gigantic tax on the system crude rebounded hard today west texas up 7% that's the major reason why the averages are getting hit last wednesday, we had the big bad event that every one on wall street was worrying about. the fed meeting. fed chief jay powell did what we

wanted he explained how you get tough on inflation, preparing for a series of additional rate hikes and ensuring that inflation moderates. we need to kill inflation now. persistent price increase are bad for business and bad for you. powell is giving us what we need he was even more aggressive in his comments today you had all the necessary ingredients for a fabulous rally that was -- some bill kauld a relief ral by. some people say it was the real deal what led the way higher last week this is really interesting to see the make up where you look at the biggest winners they were some of the most beaten down stocks in the market even the pot stocks caught fire in the end in short some of the risky stocks had a per tfect time.

they were due for a bounce if you listen to the government sounded like they were rediscovering their root turns out this kind of thing is terrible for the economy who would have guessed last week the chinese government made some reassuring moves to keep their stock market stable i have zero faith in the chinese communist party. i'm recommending avoiding anything out there obviously, it's good news from the second largest country says it's supposed to be less anti-business. some of therapy strength is they have fallen farthest from their high they will bounce the hardest president at the same time the form erp her high flier went ou style. they trade op tn their earnings

prospect in the future it's something you have to take from me. you have to trust me the fed cracking down on inflation with last week's rate hike is good news for these unprofitable growth stories plus the ipo door has opinion completely shut. it means nobody needs to sell something to buy something new you know the pain and the money software stocks might be coming to an end when something like an cloud base financial plan platform catches government from a private connect firm of some note like it did this weekend. they don't like to pay up. the possibility of more leverage for many of these names. let's go sector by sector. we ran a screen on the russell 3000 we cut anything smaller than $2 billion and sorted by the biggest winners.

you had huge gains think door dash had a tremendous quarter. etsy, great quarter. ebay better than expected. amazon terrific quarter. overstock, okay. you had a fast break louse run in airlines. at the same time we saw the exclusive move in the semiconductor group. nvidia up nearly 20% same goes for the credit card stock, social media, all sorts of software names. what do we make of this move the most important lesson of last week is you never want to get to negative. once the market gets oversold, it doesn't take much in rebound. i know so many people who sold the day before this rally happened second, when the whole market roars, you need to understand not everything has the same

staying power. some other groups look a lot more durable that should work just fine in rising interest rate environment as long as we don't have a full blown recession. what do i like i like macy's here six times earning. delta. in particular, american express. the bottom line, while the last week gave you a tremendous opportunity to reposition, it has not changed my fundamental thesis we have the narrower university of potential winners stick to profitable companies with real products or real services especially ones that return capital and will make this through this whole period together stick be cramer. coming up, how did kroger get its groove back. >> rush down the aisle with

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we're always searching the new high list for potential winners. the list has gotten more limited. you got some energy names, some ag stocks and some health care winners. pretty much what you would expect in the business cycle there was a surprise entry on the new high list that came out of the nowhere i'm talk about kroger. the largest in the entire country. you got to understand, the -- right now we have the worst inflation we have seen in decades. you think that would be bad news for kroger but this stock at $62 and change earlier this month.

a new all time high. it's pulled back about 11% to the mid-50s but still up 25% year to date and close to 60%. that is impressive more than that, it's shocking be before the pandemic, kroger spent years in the penalty box then you got a boost when covid first hit and we went into lockdown forcing millions of people to cook at home that was two years ago most of the other pandemic winners have rolled over kroger spent the last couple of years steadily churning higher before exploding to new highs at the most recent quarter. how could a soup market chain be doing this well? kroger has been doing well for a while now. they put up excellent numbers in 2020 and 2021. march 3rd, the supermarket king delivered a blow out set of numbers.

kroger's margin is doing fine. i thought they were going to get slammed. that's how they posted a 17% earnings beat. that's extraordinary kroger gave us a bullish forecast for 2022. talking about how low the mid digit earnings growth, which may not sound like much but is very impressive in the grocery business a lot of the strength was caused by panic short sellers closing out position in a kroger short gone wrong the stock came back down which is why it's back in the mid-50s. the question is how did kroger manage to put up such excellent

numbers in the midst of i f inflation. i mean tremendous. remember, kroger is not just any grocer they are the largest grocery chain in the country 2,722 stores across 35 states and washington, d.c. that gives them clout. the ability to lean on suppliers and keep the goods -- cost of goods sold low as possible, lower than anybody they have a good private label business they knock off store brands, stuff they make themselves it's a really good brand kroger gets 20% of sales from private labels that's profitable than selling somebody else's nationally branded merchandise. they have gotten creative of drawing in traffic now give the kut mers few-- customers few rer rewards not all this is beniep

laths month the new york times wrote a headline, business booms at kroger but workers have left behind, end quote. how many of their workers are homeless or rely on government assistance because they are so poorly paid. wall street doesn't care how the sausage gets made. it's like a dollar filled sausage. second ran kroger keeps winning? this is not your father's supermarket chain. listen to this >> we're so focused on the customer and so focused on what's right for the customer in five gryears.

that's including our system where people can go in store and shop, shop online, do pick up and delivery all those things are connecting with the customer and it's driving our profit business. they have given kroger a higher margin channel, allowing ing tht hold down their own cost kroger has some houge partnerships they have partnered with door dash for sushi delivery.

they use these outside partnerships to fill the gaps in their business and help attract customers. it makes goingenticing it's an anazing i ing story. right now kroger stock sells for under 15 times that's a touch expresencive for a grocer. this company is poised to keep beating the earnings estimate like they have done for the last nine straight quarters the best things about kroger is

it passes the marathon man test. we normally circle the wagon like the super marks we have the worst inflation in decades which is bad news for the whole industry, except kroger which we know is coping just fine. here is the bottom line. we know kroger is safe because they are doing great now if the fed kaudss an actual recession, this stock will only get more attractive because it's what money managers like to own when worried about a real slow down sk jim in north carolina. jim. >> caller: this is jimmy ice man in north carolina. i was call about chipotle. i love it. love the food.

i bought it. this is real money cash money this is not monopoly money >> i like the stock since 300. i like it at 1500 and i'll like it at 2,000. dennis in maryland >> caller: how are you jim. >> yeah. >> caller: i've been an oil fan for decades. you said invest in company that make profit and pass on inflation. you said you like the company at 36 and now the earnings growing. as sales gro directly with inflation an distribution from

for the 1,000 to 2,000 coming to america. is unfi a better buy today at 42 given 20% cost earnings. >> he realized it's going i and the multiples. that's brong this is company can do unfi is a buy. again, on chipotle, i'm a believer kroger is doing create right now. it's much better than i thought. it's only going to get more attr attractive money managers like to own stocks like kroger when worried about a slow down. i'll reveal what i think needs

to get done. rapid fire tonight the lightning round. stay with cramer [bat swinging] the aflac pre-pain show. aflac! ohhh, mark is about to become a living piñata. luckily, aflac will help cover his unexpected medical bills. aflac? [whimpers] i don't think he has any candy in there. am i at least going to get hit hard enough to forget this? nobody is going to forget this, ever. [bat hitting] ohhhh! i'mma call his momma. aflac! ♪ aflac! official partner of march madness.

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sometimes the best story is hidden in plain sight. take steeple financial it's been one of the best in the last 25 years ever since he took over in 1997 the stock is up roughly 4,000% when you look under the hood here, the numbers continue to hold up. steeple posted five straight years of record earnings it's got a rapidly growing

business it's poised to benefit from rate hikes. ron is the chairman and ceo of stifel financial he's got a better hand >> glad to be here hope all is well to me, this is a good day for stifel sd >> there's no question we suggested with three rate increases. our net interest income would be up 50% that's a quarter of a billion

dollars. i think the most dovish dot is for six rate hike. rising rates is good for stifel. >> i have to tell you, sometimes i feel terrible that i don't know the situation myself. the growth that you have is far greater than the wealth management number. you're far greater than all the others on the list how are you doing that >> well, we're gaining market share for one and we're growing across all businesses. jim, we're a very diversified firm we have wealth management. we have bank we have constinstitutional equiy we're growing in canada, the uk, europe, asia and israel. all over the place i just feel that we are taking advantage of what happened to the financial services industry after 2008 we're filling that void.

>> you spent a lot of time talking about recruiting now, when i speak to the big investment banks in europe, all they talk about is resignation you are getting the right people how are you doing that >> it's a word that is overused but it is culture and entrepreneurial spirit our bankers, when they do well, we pay them bell we give them a lot of tools to compete. when we look at almost every market, we're looking at people. the good thing is what's amazing to me is i don't really need head hunters people are calling me, and that's good. >> why is that i know it's great brand but is there people that recognize if you go to stifel, you can have a pretty good living >> i think people realize that if you come to stifel, you will

sh share in firm's success. it's a base system and peopl that are productive and entrepreneurial want to be recognized and here they get recognized people are coming here >> do you think people realize, general, fourth largest u.s. equity and investment bank, these are spectacular figures and yet when you're on my show, i feel like i have to tell everybody because i'm afraid they don't know you. >> the street is kind of fun that way it has a long memory it remembers when i joined stifel, our revenue was 100 million and 40 billion that growth is hard to understand for a lot of people they don't see it. that's why i'm glad to be on your show. i want to share our story here >> you're right to for instance, we happen to be big fans of a fellow by the name

of bryan jordan. he's the ceo of first horizon. chronically undervalued. i'm looking at what you're doing and i say why aren't you 100 billion dollar out justice of the peace f-- outfit. it's the best there is >> i really appreciate that. we built this firm on the institutional side around our res research and i believe it's second to none i hear you the one thing is i know bryan jordan he's a great guy built a great bank he got a great price we got a ways to run here. we're going to continue to gain mark share i'll tell you that >> i'm a little worried. 2021, great year for ipos. this year looks tougher. do we have to worry?

>> well, for the first quarter, look anyone can look at the deals and see that equity, almost any way you want to look at it, equity is down 75 to 80% in the first quarter you have renewed inflation you have the digitization of the world. people help move capital around will be busy a firm like that is stifel our advisory backlog has never been greater it's been volatile >> i'm so glad you came on i want you to tell your story. this is the best way to do it with you this bank is doing so much better than so many others in

this group the symbol is sf thank you for coming on "mad money. >> jim, my pleasure. >> this is a lihidden gem can a company help you live a better? we're not talking about just any company. but the one in your neighborhood, and in 4,700 others just like yours. helping you live a little better every day. ♪ ♪ hey, i get it, commitment can be scary. but not when you're saving up to 15%

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it is time time for the lightning round

terry in florida >> caller: hey, jim. i want you to know that happy -- i think you're the most dynamic, attractive person on television. i'm a veteran caller i just like know what you think of ppg >> i try to get my wife to watch the show i think it's down too much i think it's okay. i would buy the stock. jack >> caller: what is your thoughts on >> you have a software portfolio that's meant for housing i think it's much needed and reminds me a bit much. let's go do ralph. >> caller: hi, jim

in terms of diversification, for an elder investor to have as more than sort of a portfolio, almost as a proxy for go fund. >> what's the stock? >> caller: vrk >> i think that's a lot for any one particular company let's cut it to 20% so becan sleep better at night. scott in wisconsin. >> caller: hello what are your thoughts on felk and is the dividend too high >> i think the dividend is too high for what's going on right now in ukraine, i think lit be good for next year. they've been such heartbreakers but i think that will work michael in georgia michael. >> caller: yes eey. >> another one

it will work because oil is so high even though i don't like the ticker model we have a great pick i want every one to join >> the pipeline company is in strong demand. as much as i like, it like epd more i will back it let's go to marla in tennessee. >> caller: greatings from rocky top. >> how are you >> caller: i'm kind of busted with the ball going out the basketball bracket we have lady coming on strong.

>> all right >> caller: looking for a truest financial. >> i like it almost every quarter they are in the right place where wealth is. very smart run back. i think it's a good place to be. i like truest. that's the conclusion of the lightning round. plenty of players have perform to put this energy crisis tout to pasture cramer puts it all in perspective, next. trading isn't just a hobby. it's your future. so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim® is right there with you. to help you become a smarter investor.

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. with crude oil soaring to $111 a barrel today, it's worth asking what in the world dioes our country want to do with our vast energy stockpile. we could break open if we wanted to this administration seems out of touch with what's happening with oil and gas in this kun tremendous and it shows in all sorts of same ways

right now we have a global energy crisis and we're not doing anything to take advantage of it. let's start with pipeline. we have a ridiculous amount of natural gas and we could become the world's largest exporter because western europe is almost entirely hostage to russian natural gas. what has the biden administration has done? i woiuldn't be surprised if we'e in a moment that it's devolved to a federal agency that the president can control. unfortunately, it's definitely against building more pipes. we need it to bring it to terminals in the southeast these terminals are enormous and expensive. nobody wants to build a new one if there's going to be problems getting natural gas there. it wants to cross-suit niez new pipelines for environmental

jfts i don't want to lose sight of the big picture which is our allies in europe need a source of natural gas from somewhere other than russia. i caught life or death justice sure nobody want a pipeline built in their pack yard but nobody wants europe depending on russian gas. the administration should be doing everything it can to promote the pipelines. same thing with russian oil companies. there's a simple reason. it cost too much to get our own refined product. it's something called jones act of 1920 which makes it borderline impossible to move oil unless it's shipped into an american built ship which we make almost no ships here that flies an american flag there are so few ships that fit

that model almost all are foreign flag and it means it's cheaper to take russian oil. cheaper than moving it to texas. there needs to be a lot of communication. the president understands producers can ramp up and make us less dependent on other countries. right now the oil companies don't want to open tbecause they are not sure the prices will last there's no youurgency with this president. oil kpacompanies have not been d actor. we need to expedite the pipeline approval process and get a dialogue going between the

kwwhit house and the oil industry to produce production the best thing question do to help ukraine is to replace the russian fossil fuels with home grown american ones. question do this but our president must get on board. i'd like to say there's always a bull market somewhere. i promise the find it for you right here on mad money. see you tomorrow the news starts now. the war. on the verge of a stalemate. >> the russians have been flummoxed. they've been frustrated. >> the concerns about what putin will do with his forces stalled. the mounting atrocities and ukraine's refusal to give up territory. the supreme court confirmation hearing for judge ketanji brown jackson. >> people should know precisely what i think and the basis for my decision. >> what republicans are saying and th