stay in it trade. >> and karen. >> i like kohl's, i think there is a process underway and which if there is a deal, the stock will go up from here. >> thank you for watching "fast money. we'll seek you back here tomorrow for "fast." don't go see you back here at 5:00 for more "fast." meantime, do not go anywhere "mad money" with jim cramer starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people make friends. i'm just trying to make you some money. my job is note just to entertain you, but to educate you, put it in context call me at 1-800-743-cnbc, tweet me @jimcramer. now i never, ever, ever want to

root against the stock market. [ booing ] because that would be rooting for people to lose money [ buzzer ] but on a day like today, where the averages got off to a not so hot start before bouncing back, dow finishing up 95 points, the nasdaq up 1.21% -- >> buy, buy, buy hallelujah >> as much as i like the comebacks in health care stocks and profitable tech names, i cringe at some of the speculative moves that led us higher every now and then we get a reminder that tons of people don't understand what moves a stock over a reasonable time who. for the investing club i say six to nine months we saw today when traders blitzed up the stock of tesla on early hours when the electric automaker might do a ten for one stocks the darn thing jumped 8% on the rumor, creating $84 million in market cap look, i like it when companies with high dollar amounts do stock splits, you know that.

but in the end i recall the splits don't create real value you can trade fractional shares of tesla so unless this gain is backed up by something more concrete, i expect it could evaporate into the next downturn. i feel the same way about the 45% run today in amc actually, the reverberation of the news of a tiny investment in the speculative gold minor, or the 25% gain in game stop after chairman ryan cohen bought a decent chunk op stock in the open market. i'm calling this all rank speculation. now why did these moves bother me because they're signs of froth and froth is the enemy of the stock market, especially when we're as overbought as we are. more than 6 on the s&p oscillator more than five is beginning to get dangerous. we had crypto went up today. these again are speculative assets when you see speculative assets

soar, you have to worry about the longevity of the recent recovery because froth comes at the end of a run, not the beginning. you know we've had a nice run here speculative stocks have been hit the hardest since the fed announced its battle against the inflation last november. statistics the nasdaq plunged more than 22% from peak to trough. the russell 2000 small cap index plummeted 23%. the heinous renaissance ipo etf lost nearly half of its value. and don't even get me started on the d spac etf it's down more than 67% from its high now you might think it's unfair to judge them from peak to trough declines given that we've recovered from the lows. but real people paid the high prices and many of them likely got wiped out. maybe they've left you need to know the depths of despair that the spac names and the recent ipos dragged people to there is a reason we're seeing so much money coming out of the stock market and it's not just because bond yields absorbed don't get me wrong

this meltdown wasn't as bad as the dot com collapse in 2000 a poyer i lived through as a hedge fund manager and a co-founder of a dot com stock. back then there were many newly publicly traded companies with barely any revenues, let alone earn rns this time more profitable ipos if the new companies were better this time around and in the aggreging a aggregate gatt, thaeb they were, a serious bout of inflation. that's devastating to trade on new potential earnings prospects many years down the road inflation roads to the value of the future earns this flood of ipos and spacs have created an untenable environment once we realized inflation was here to stay many might have been fine if inflation stayed low but once it became embedded, those stocks were doomed let's say you have boring profitable companies, you

wouldn't have been bothered by the bear that's why i'm concerned when i see people trying to make a huge comeback today what would i rather see? what makes sense here and is inherently not speculative i don't want you to outthink this market. you know what you can do you need to have some boring low-price-to-earnings multiple stocks, the opposite of the ones that are hurt by inflation hey, maybe something like alphabet or meta platforms, the old facebook you know both sell at historically cheap valuations? you might want a health care stock that can thrive if the economy does slow down my favorite remains eli lilly. we're all on the cusp of a global famine if we don't get some weather relief and end to the ukrainian war. we know this because we heard it from the ceo of agco right here, the form equipment maker he told us the russian invasion could knock out as much as 13% of worldwide calories. bad news for the malnourished. very good news for the ag

complex. you need a persistent retailer that can keep ahead of inflation because it has something special going for it that's why we own costco for the charitable trust which you can follow by joining the cnbc investing club dave and busters reported tonight and it doesn't look like they could stay ahead. they don't have enough special and most important, and that is a takeaway you must do tomorrow, you need an oil as fuel costs are also getting a boost from the war. oil got hammered today because of chinese lockdowns those are temporary. what's not temporary is an energy supply cutoff from russia pull back -- pioneered a new way to reward shareholders returning a great deal of their tax flows to a variable dividend rather than spending recklessly to drill, baby, drill. costco-related slowdowns hurting stocks oh please. unlike nearly everyone else who comes on television to talk about stocks, i'm a big believer

in owning a speculative stock, even two it's a great way to stay interested in the stock market, interested in your portfolio but in my canvas of investors over the last few weeks, wow, i hear way too many people who want to own nothing but speculative stocks just a boatload of them. not unlike what you would get if you put your money in kathy woods' arc innovation which is speculation all the way down before the feds started cracking down on inflation, we considered these conceptual stocks. they might not make anything let alone make money, but they had a vision of the future back then wall street was willing to pay up for that vision that is no longer the case and i think you'll get burned if you try to push your luck with these spec names more than a day or two you do have my blessing to own one or two if you're young in the set, two is definite but i want you to consider what they are they're long shot at the ponies. they're bet on st. peters in the ncaa tournament. it might pan out and earn you a

fortune. otherwise a ripup. you have to prepare for the possibility that these stocks could go to zero never buy something like amc or game stop with money you can't afford to lose the bottom line, when you see new unseasoned merchandise exploding higher along with names like tesla surging on the rumor of a stock split, it tells you there might be a little too much excitement, a little too much froth in the entire market. one or two of these funds would be fine. but we see all the speculative assets roaring in an overbought market, maybe you need to take a word from chris rock, brace yourself for pain. >> hello, mr. cramer thank you for taking my call >> my pleasure, andy how can i help >> caller: i'm a long-time member in your investment club and really appreciate the investing education you provide us. >> i appreciate your kind words. thank you. >> caller: i did research on union pacific railroad after i heard about it from you, and i found out they're involved in reuse of biodiesel my question, considering a recent buy by chevron is what

brought the stock price back close to 52-week high, what do you think of regi in investing in the future of biodiesel >> well, they've been bought chevron bought them. and it's still one more reason to own chevron, frankly. i think chevron is terrific. by the way, i still like union pacific too. you are a member of the club, but i did sell it too soon when you make a profit, it's better than a sharp stick in the eye. thank you for being a member jimmy in kentucky? >> caller: mr. cramer. >> hi. >> caller: wall marpt has moved up into the high 140s today. a good run today with inflation and fuel prices so high, i've seen walmart parking lots full and the bogeys loaded down. we seeing it move higher >> i got to tell you, i was quite surprised that walmart, which my charitable trust owns, was able to benefit so much from pulling out of tobacco in some cities, and they confirmed that to me. but i've got totell you, have been a seller scaling out of it,

only because i can't say that i'm that crazy at this stage of retail because it has been historically a laggard when the feds mention rate hikes. dan in florida >> caller: boo-yah from sunny florida. >> boo-yah back. what's up? >> caller: i'm a founding member of the investing club, and i really like your morning meetings >> thank you >> caller: you've made me money and i appreciate everything you're doing. >> fantastic this is what makes my day. this is why i come to work, to help people like you let's go to work >> caller: so i own the semis that are in your trust like amd, nvidia, marvell, qualcomm. but there is another one that seems a little different, more like anni ot play that is still down about 12.5% op n the year they're at 16.5 earnings with a yield of 1.62% i want the get your take on skyworks and whether you thought i should be a buyer here given the other semis that i'm in.

>> this is a great question. now skyworks is part of the lesser developed chips that go into apple and i think the stock is too low and too out of whack with some of the others. so i'm going to endorse buying it but chiefly by the way because liam griffin, who is such a good manager and will get you out of that hole. and better than that too over the long-term. when you see so many speculative assets roaring, you have to expect that there is going to be some pain. and i just want you to be ready. we're going to be selling for the investing club that's why i'm clearing that with you ahead of time on "mad money" tonight, how has covid changed the consumer i'm talking to one of the top retail minds on the street who has taught me a great deal and then kb homes is stuck in a tug-of-war between the bears and the bulls. i'm going to share which side i'm on and could abmed, they seem to be

doing many things right. i'm talking to the company's ceo. stay with cramer >> don't miss a second of "mad money. follow @jimcramer on twitter have a question in tweet cramer #mad tweets dmey jim an email at maon@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. [sound of helicopter blades] ugh... they found me. ♪ ♪ nice suits, you guys blend right in. the world needs you back. i'm retired greg, you know this. people have their money just sitting around doing nothing... that's bad, they shouldn't do that. they're getting crushed by inflation. well, i feel for them. they're taking financial advice from memes. [baby spits out milk] i'll get my onesies®. ♪ “baby one more time” by britney spears ♪

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we're catching up with one of the best retail experts in the business, the legendary adrian shapiro, who spent 13 years covering retail at goldman sachs, a true star before going into business for herself. she is now managing director at eurazeo, a french private equity firm where she leads their exciting north american brands division we want to talk to adrienne about the consumer environment, like herschel's supply you have seen that, the high end backpack how about what i'm showing right now, a queen beauty band ms. shapiro, welcome back to "mad money." >> thank you, jim. so good to be here. >> so i got to tell you, adrienne, i follow all your brands and was very excited. i want to start at the top with the new one, which is beekman of which i am looking at a beautiful bridgerton box people know than tie-in with really gorgeous soaps. there it is. tell us how this became the next in your staple by the way, you sent me a

terrific kind of an advent calendar of beekman. i know there is more to it than what we're showing here. go ahead wh why? >> i want to bring the goat to cnbc, the goat of skin care. we look at a lot of different brands a and the category of skin care has been incredibly resilient because it's been all about self-care during covid and i think those habits will stick. what really excites us is that the high lifetime value of the customer younger people are really understanding the importance of taking care of their skin. and so that means you start at an early age so the category was incredibly resilient. we saw a lot of opportunity. why beekman? you know, jim, i'm a student of consumer brands. >> right. >> and it's always about both the product and the people and with beekman, the founders blew up away they've got an inspirational story and a truly powerful partnership with each other. so we're super excited >> so when you get ahold of

these things, what is eurazeo add to it? this is a great boutique band. just like nest when you first showed me nest, i had no idea. now i see nest in a lot of places, and it's displayed beautifully. will i be seeing beekman in a lot of different outlets >> it's a great question what we love about beekman is it's clinically kind what does that mean? they have a hero ingredient product which has real science behind it. it's all about goat milk, which is great for the microbiome, sensitive skin but the best ingredient if you look at any of the products -- i feel like i'm the vanna white these days of private equity but if you look at any of their products, the last ingredient is kindness it's always listed and the brands might come and go, but kindness will never go out of style so the products are kind to your neighbor, kind to the planet, kind to yourself so we love that really special combination where the founder, dr. brent is all about the science. and then josh is all about the

sparkle. so you ask what does eurazeo bring? we're all about bringing the scale. and so we really got excited about the foundation that they have but a lot of people talk about value added capital. but i think eurazeo, we don't just talk about it, we do it well brought our new chairman of the board, mark wray to chair beekman's board. and he is the ceo of beauty counter, and had been the ceo of s shiseido north america and a beauty powerhouse. she had been at shiseido running bare minerals. the two are catapulting this little engine that could to blast off. and so that's really what eurazeo brings to the table. we recognize a strong foundation, a strong founder story. something that resonates with the consumer and then really kind of leverage our network, our connections to bring the talent to execute. and you mention nest

very similar we were attracted to a great founder who had built a great foundation and so it was very similar story there. >> but these are expensive products for the most part, and you also have raw costs that are going up how is the consumer positioned to be able to buy these great products >> well, look, i think it's all about, one, they work, right so again, there is real science here the goat milk is proven generationally, the reason people use it is it actually works for your microbiome. one, it works. and two, i'd sort of say we're early prestige, entry prestige if you will where i think much like nest and beekman are sort of great american brands that are aspirational, but inviting they're not intimidating so they don't overwhelm you with science. it's much more about sort of products that work but that are approachable and kind. >> this question the consumer, strong, weak, worried? when you see your numbers, more

concerned about buying certain things or more concerned about going out? where is the consumer doing? >> so far the consumer is strong we've really seen across our portfolios strong performance. again, we are earlier stage growth equities. so i'd say we've been delivering double-digit growth. and we're thankfully not necessarily hit by the macro yet because of the size of our businesses look, it's been good we have gone through sort of the stimulus, obviously a lot of crises, now a geopolitical risk. so the fact is the consumer has shrugged off a lot so fingers crossed >> well, i think you've got the right products the consumer is always going to buy kind products. they're nice i love that. adrienne shapira, managing director of eurazeo who has done such a terrific job. these are terrific brands. i love this bridgerton package she doesn't even know. she doesn't watch the show. >> it's pretty like bridgerton,

but it has the personality of ted lasso. >> i like that "mad money" is back after the break. thank you. coming up, the bulls and bears are uncaged and colliding over the stock of kb home. which sidewill come out on top stick with cramer and find out, next

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weathertech is the ultimate protection for your vehicle. laser-measured floorliners... no drill mudflaps... cargoliner... bumpstep... seat protector... and cupfone. ♪ what about my car? weathertech. ♪ right now the economy is in a passing bad news is a good situation. we've got the federal reserve poised to raise interest rates rapidly in order to tamp down on inflation. even our usually measured fed chief jay powell is talking about 50 basis points, double rate hikes like they're nothing. whenever the fed is tightening like this, wall street desperately craves any sign that the economy might be slowing on

its own, because that's the only thing that will take more aggressive rate hikes off the table. that's what you get. how do you figure out which is more likely? there are certain industries that punch above their weight class as opposed to the love tap will smith gave chris rock at the oscars last night. kb homes not only are homes the number one repository for wealth for americans, but when you buy a new home, what do you do first, you go with all sorts of furniture. you add appliances maybe you need a new car to get around if you move from the city to is the suburbs. if you want to find evidence that the feds' push to cooldown the economy is working, you just have to watch the home buyers. what a weird moment for housing because of this pandemic the home builders have been minting money as americans migrate to the suburbs and the country thanks to the rise of remote work. yes, a hybrid economy. house prices have risen sharply all over the country, especially in the sunbelt

and the home builders sound extremely confident that this year's strong demand will continue, at least through the end of the year, possibly longer remember, we also have some great tax breaks in other parts of the country where you might want to move to. given the insane rise in rents, by the way, a home could still be a bargain but the home building stocks have been pulverized ever since the feds declared war on inflation because a higher rate translates into higher rates and lower affordability. the high costs of materials and these guys could have a big problem. boy, a lot of things go wrong when inflation spirals, don't they you have a perfect example last week, a real bull/bear case, when kb home, a very well run displayed a quarter. kb itself doesn't seem willing to accept a possibly negative fade management didn't actually lower its full-year forecast they raised some parts of their

guidance sounded pretty defiant on the conference call. according to kb, average selling prices for homes remain great. and despite rising rates, demand hasn't shown any signs of slowing down yet in response, though, the bears won. the stock got hammered 38 down to 33 over the course of last week. but if you believe kb's management and believe the bulls, what an incredible buying opportunity, because the stock now trades at just 3.3 times this year's earnings that's a low multiple, maybe the lowest in the entire stock market personally i think that's from the sign that the estimates are too high but let me give you both sides of the story i want you to make your own judgment on this first you need to know that kb home had been beaten down going into the quarter because everyone knows it's in the fed crosshairs the decline attracted a number of bullish analysts who are entice beside i the cheap valuation and the fact that this company had been putting up good numbers. great earnings reported just in january. now fast forward to last wednesday when kb home delivered

a meaningful top and bottom line shortfall. the culprit? they only delivered 2,868 homes. wall street was looking for 3,180. while the average selling price was higher than expected, up 22%, year-over-year that wasn't enough to make up for the deliveries miss. kb's very strong backlog at the highest level for the first quarter since the housing boom in 2007 but then people remember 2007 and they just want to say whoa, too heavy. more importantly, management reaffirmed the full-year revenue forecast, raised the margin forecast in large part because they expect to see higher pricing. as ceo jeffrey mezger, and he is an old hand, our biggest challenge today is completing homes, not selling them as demand continues to be robust. in other words, according to mezger, kb home has a supply chain problem. but demand for housing is still on fire. they're actually borrowing more money to boost land purchases so they can have more inventory, which is not something you'd be doing if you're really worried about demand, correct? according to the cfo, kb homes'

book value stands at $35.37. which is what the business will be worth if you liquidated everything tomorrow and returned the proceeds to shareholders you rarely see a home builder trading at a discount. it does seem to be cheap versus what they own. but now there is only one problem. it's something a couple of analysts pointed out and what i thought was a contentious conference call during the q&a portion kb home got not one, but two questions that boiled down to hey, if you think your stock is so darn cheap, why aren't you buying it backhand over fist for the company? in response, mezger said he would rather spend it to take advantage of the booming housing market i thought much chance of that. honestly, i was impressed by kb's ability to tell a great story and i can see why some investors would find that ultra low price enticing i've been in the business for more than 40 years

soy question what they're up to. the home builders are cyclical stocks that rise and fall with the economy. sick cams get this cheap when wall street is worried about the earnings estimates maybe what is cheap will turn out to be expensive if sales fall off a cliff remember, the federal reserve is on track to hit us with a series of rate hikes this year, maybe multiple double rate hikes if inflation doesn't cool down on its own. kb home may be confident in demand for housing now, but last thursday we got mortgage application data, it showed an 8.1 decline from the previous week looking back mortgage applications have been down for six of the last seven weeks. not positive that's exactly what you would expect with 30-year u.s. treasuries they've seen the yields rise from 1.7 in early december to north of 2.5 right now that's the highest level since mid 2019 this is the most important benchmark for mortgage rates, hawkish federal reserve will only push it higher. while kb home is a terrific company that has some of the strongest markets across the

sunbelt, i think you would be taking your life in your hands as an invest fer you try to fight the fed. then the question of execution this morning wolf research downgrading, as they put it, closings have come in below or were at the bottom of the guided range the past five quarters and our confidence is in stabilized operations has wavered. how. pretty challenging words here is the bottom line. analysts are saying the home buyers are pulling back because of rising interest rates makes sense. kb home is saying they t real issue they can't make enough homes fast enough due to supply chain. both explanations seem plausible. if kb starts buying back its stock aggressively, i'll be right there with them. if they don't, i'm staying on the sidelines. let's go to charles in tennessee. charles? >> caller: hi, jim how you doing? >> i am doing well how about you? >> caller: doing fine. i had a question for you my wife, she bought some stocks

at lowe's when she worked there about 12 years ago 150 shares it's been going down, down, down here lately. we've lost about 5,000 since december what do you think on that? you think it might go back up? or should i hold on? >> i want you to hold on to it i think marvin ellison is doing a great job. we're about to go into the beautiful spring selling season, which is very big. it's trading like a housing stock. but remember, they do more than just work for home builders, for heaven's sake. they do renovation, they've got great gardening, and it's an improving company that alone makes it worth owning. all right. the analysts are saying home buyers are pulling back because of interest rates. kb home is saying it's because they can't make enough houses fast enough. will the explanation make sense? kb home start buying back stock aggressively, i'll be right there with them. if they don't, much more "mad money" ahead

including my exclusive with abiomed. wait until you hear this one an investment in a medical device maker it's got a real strong, you know congestive heart failure doesn't take a break with a slowdown i'm talk with the ceo. and a new way of leadership of a public company on the backs of shareholders. and i'm discussing why it's front and center when evaluating a stock like amc very speculative and all your calls rapid-fire tonight's edition of the "lightning round." "lightning round." so stay with cramer. hancock, you sign first. no king? gentlemen have you taken leave of your senses. o... who are you going to bow to? no more genuflecting? the people shall have the right to vote. even the stupid ones? yes! stupid people vote? yes! arghh! ♪♪ franklin! hey, i left my cane in there.

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if you think we're headed for some kind of fed-mandated slowdown like i do, you have to circle the wagons around industries that work just fine

even in a not so hot economy, like the medical device makers take abiomed, which makes devices for circulatory support and oxygenation, like their heart pump here is a stock that has been a huge long-term winner. we spoke to these guys a decade ago. the stock was in the low 20s now it's at 321. that's a 1,350% gain that's why we do this, right more recently the stock has struggled because the pandemic caused so many people to delay non-emergency medical procedures but i think this could be abiomed's time to shine. it's a real company with an important product that's in high demand thanks to the prevalence of coronary artery disease it's got real earnings, the stock isn't exactly cheap, but none of these are in this cohort still, it might be work picking up for especially since the recent report was real good. let's check in with michael minogue, the chairman and ceo of abiomed. mr. minogue, after a dozen years, welcome back to "mad money." >> jim, how you doing? thanks for having you back a lot has changed since i've

been with you. >> well, i'd like you to run through some of the changes including what you guys are calling 2.0. it's been a long time since 1.0 for our viewers. >> absolutely. when we met ten years ago, we had 126 million in sales now we're about a billion. we had 70 million in cash. now we have a billion in cash with no debt we had 70 patents. now we have over 1300 patents and 1300 pending and most important, ten years ago, we had treated 7,000 patients now we're over 220,000 patients. and we're able to take our technology with some of the best physicians and nurses in the field, even during covidand produce better outcomes for high risk pci, for cardio genic shock or heart failure we also have the benefit of having two fda emergency use authorizations for right heart failure with pulmonary embolism, and shock as well as cardio

genic shock. we use it with ecmo and ekpela >> some of these are beyond my ken, but i'm thinking all these sound so serious would anyone really not go to the hospital to do this during covid? >> yeah, so that's a great question and one of the things we tried to do with the society is let people know the importance that if you have chest pain or you're in trouble, go to the hospital a lot of folks were fearful, especially older patients. and what we found is that this made the support or the stability even more important so they could -- they're not elective procedures. they're essential procedures. >> right >> so high risk pci. some are having chest pain that is nonstemy. others are arriving to the hospital getting cpr that's where the pump is put in before the treatment so you can stabilize the patient. that's one of our best practices. that's been published and

validated in the u.s., germany, italy, and japan and i'd like to show you a little bit of the pump itself is the pencil, it's smaller than a pencil tip the pump is actually above my fingers is the world's smallest heart pump so this is a 9 catheter. but we're launching a new pump that is in our pivotal study called the impellaecp. and it's even smaller, and it's really for a high risk pci patient so you can put the device in through a 9 french hole and remove it through a 9 french hole. >> how does that get into your body >> sure. so what's unique about impela, and there is animation on our website with our corporate prese presentation, abiomed.com, but the pump is put through a small hole in your leg and pushed up inside and around the aortic arch to go in your left ventricle. so prior heart pumps required a

sawing open of the sternum, spreading the ribs and putting holes in the heart so it's unique because it can be put in minutes through a small hole in your leg but we also have products now for the heart surgeons that can put in pumps through the actual artery in the shoulder that's our new impela 5.5 that allows arm support an those patients can get up, walk around or ride a treadmill getting ready for the next treatment. and we have a pump for the right side of the heart as well. now we could do biventricle support through holes in your leg or artery. >> when i was growing up, congestive heart failure, you die. now it's a treatable disease from a lot of things i see but is the profession, are they up on what you're doing? >> yeah, they are. and it's some great technology and companies out there. so if you're looking at the

valve, that's the door to house analogy. the door down is the cutaneous if you go into the basement, the lights work. that's the electricity if you go into the bathroom, that's the coronaries and stents but if you don't pump the water out of your basement, you'll destroy the foundation of the house. we are the heart recovery company. we're not only trying to keep patients alive, but in able procedures in the kat lab and surgical suite and allow the heart to rest and recover. heart disease is the number one killer we have a growing epidemic we have a growing problem. and what we really want to do is enable the older population to have minimally invasive treatment. we have young moms with myopathy they want to go home with their

own heart. moms and dads having heart attacks and 65-year-olds and above who want the option of minimally invasive procedures, where you can put the impela in and a skilled intervention cardiologist can place stents so that the patients can go home. and 90 days later potentially have improved heart function so we're really excited what we're doing. but we're kind of the next frontier now that the heart pump is where the next revolution is going to happen. now. >> there was an outfit i hate to dignify hem. i'm not going to -- oh, what the hell there is a company that said you do not have meaningful pipeline catalyst, that they're still a ways off i'm listening to you and that can't be true. you just described a whole bunch of catalysts to me. >> today we've got the best outcomes we've ever had. we only dropped one quarter in covid. we grew the rest it was just the first quarter. we actually grew last quarter. it was a record quarter in patients and revenue our forecast is for a record quarter this year, which we're

on track in our forecast and again, every quarter for us is growing sequentially now and is a record. it's because we have a lot of penetration to go for existing products, existing exclusive fda approvals, and we also have the impela 5.5 pump, which is the heart pump for the surgeons but through the axillary >> right >> this has been growing over 150% in covid. there is nothing like it in the world because it completely can unload it can pump the blood future your heart it has sensors on it what we also do with our technology is we allow the console information to run in the cloud. and we provide unique service to the hospitals. we're bedside with our team. we're on the phone, but we're also in the cloud where i can see now 90% of our patients right from my phone. >> wow >> it's called impel la connect. that's why we're able to monitor

and help our hospitals, even with the labor shortages or covid restrictions. >> i got to tell you, i still think there is a lot more to run. these are all very exciting, sir. that's mike minogue, the chairman and ceo of abiomed. we made a lot of money before, abmd i think we'll make a lot of money again. thank you so much for coming on the show thank you for saving as many lives as you do. holy cow great stuff. >> the best is yet to come thanks for your time >> "mad money" is back after the break. coming up, cramer has the answer to all your questions answer to all your questions the "lightning round" is next. at ameriprise financial, our advice is personalized. based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work.

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i am peter akwaboah, chief operating officer for technology, operations and firm resilience. when you think about diversity, the employee network group is fundamental to any organization to provide a community and a belonging environment for the employees. they provide an avenue to support employees and ultimately it leads to retention of the best and brightest. the employee network represents the community at large, and it provides a good feedback loop to senior management to make the appropriate decisions, which ultimately contributes towards the bottom line. if you're thinking about growing your business, if you're thinking about driving the business forward, inclusion is a strong part of this. i am peter akwaboah and we are morgan stanley.

"lightning round" is sponsored by td ameritrade >> tomorrow, kick off the trading day with ""squawk on the street." live from post 9 at the nysc >> you can't beat it you want an apple phone. they give you the phone. you run up the subscriptions the bill comes out at 3:00 a.m. so nobody cease it except future me sometimes i see it as i'm going toe sleep, or getting up but there it is. >> it starts at 9:00 a.m. eastern. >> it is time! it's time for the "lightning round. >> buy, buy, buy >> sell, sell, sell! [ buzzer ] and then the "lightning round" is over. are you ready, skee-daddy? chris in new york, chris >> caller: boo-yah, jim. huge fan of you and the show it is an honor and a privilege

to be speaking with you. what your thoughts on wells fargo? and when are we getting charlie sharpton show? >> i would love to have charlie on he is the ceo and one of the largest positions in the charitable trust wells fargo is the bank stock to own. john in new jersey, john >> caller: jim, how you doing, sir? >> i'm doing well. how about you? >> caller: fine. need your advice, brother. >> sure. >> caller: enbridge. >> i like enbridge wall street doesn't like it. >> buy, buy, buy >> how about juan in nevada. juan >> caller: is this jimmy chill >> you bet it is. >> caller: hey, jim. i'm investing club member, very happy. i already own amd and marvell on your recommendations. >> thank you >> caller: thank you very much and i'm looking for more semiconductor exposure for automotive side. i'm looking at nxp semiconductor. >> i like nxp. they are really the auto semiconductor. >> buy, buy, buy >> i know i should probably have

more auto and less telco, but i like ours too. i think you have a good story there. mike until tennessee, michael? >> caller: hey, jim. how's it going >> doing well. how about you? >> caller: doing pretty well i got a stock down 46% yield to date a net profit margin of about 46% and they just announced a 1 million share repurchase plan. what do you think about immode here >> i like immode i like skin care i like very much i'm going give you -- >> buy, buy, buy. >> it's we they haven't been able the do their ipo yet. 22 bucks. >> buy, buy, buy >> and that, ladies and gentlemen, is the conclusion of the "lightning round." >> [ buzzer >> the "lightning round" is sponsored by td ameritrade coming up, has the dynamic amc ceo once again spun gold for the silver screen stock?

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♪ this is a great one. nothing infuriates professional money managers like seeing amc stock jump 45% today the ceo adam aron came on "squawk on the street" and explain his profit they're aghast at how much the market loves the seemingly nonsensical move what the heck does a movie theater need with a gold mine? at the same time, smart sensible deals can't get any love hp inc. fell nearly 3% after they bought polly, a computer peripherals company that fits with their product line. this morning a very good story on "squawk on the street," to own the remote work business% hybrid

what a crazy juxtaposition in one single hour. i get why this drives professionals nuts gold mine and movie, they aren't two great tastes that taste great together even more aggravating, amc already ran up more than 25% last week on the same news their capital inject has caused a massive rally. a penny stock, silver too that they invested in, prompting already made a lot of money for shareholders it was a good appearance, but 45% improvement on old news? that's a showman for you as for hp, they need polly badly, even though it's growing at a 15% clip because people need a full suite of products to work from home i question why he doesn't make his own accessories. although in my experience, i don't really find the sound quality of his computers that great. hey, maybe polywill help honestly, it's a pretty reasonable move. and enrique has made a ton of money for shareholders but let's get serious here there are many types of mergers, and i have to be impressed by

the way adam aron has been able to make so much money for amc shareholders you know what? can only be called financial alchemy. the reason why this totally speculative investment can work is thanks to a cohort of home gamers who call themselves apes. you might be one of them they love adam aron because he has moved amc stock higher through sheer grit and determination. that's given the apes a chance to cash in of course i have no idea how will take that change. they seem addicted to letting id it ride. they're not that prudent get them to buy into anything he does he probably has more up his sleeve he has rebuilt this almost dead company on the backs telephone apes and it seems they'll support whatever he wants. and it's working now you might ask is it right that it works? does it make sense that amc stock has more than doubled, adding more than $8 billion in market capitalization since its $27.9 million investment in hycroft gold and sir mine? i say you can't argue with the

results. adam has embraced his shareholders to the point they worship him. last week he bought 100,000 shares and now this stock has also doubled in one week the professionals might say this is all some crazy cult of personality. maybe even a dangerous one i say you should try to understand why the cult exists in the first place i think adam aron is being very smart here the movie theater business has been soft because of covid but when other chains went under, he has been able to raise a lot of money thanks to the apes and be king of the category now that the movies are back why not use some of that cash to make some speculative investments with big potential payoffs? frankly, i hope game stock takes a page from the same playbook. in the end these guys are catering to their shareholder base who love speculation. these are individuals. i think most traditional ceos cave way too much to big institutions and not enough to the individual investor. if adam aron were traditional ceo, amc would have gone under but by didn't of his

personality, he changed the shareholder base and that allowed amc to live to play again while making a ton of money for people, by the way, including himself. remember what i said at the top of the show, i champion speculation, you want to be in one of these just promise me, promise me please not to make it your whole portfolio. i like to say there is always a bull market somewhere. i promis it wasn't a gaff the president said he meant what he said. this is "the news" on cnbc president biden doubled down on his comment that putin cannot remain in power. >> i'm not walking anything back. >> but no change in policy he does not want to take down the russian leader. >> nobody believes that. people like this shouldn't be ruling countries, but they do. >> putin's behavior. >> it's outrageous, outrageous, totally ahn acceptable. >> the new signs putin's war goals may be changing