today and walmart breaking out. >> eww, mexico etf. >> very international tonight. thanks for watching "fast money. see you back here at 5:00. don't go anywhere. "mad money" starts now. jim crar starts right now >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money," welcome to cramerica people make friends, i'm just trying to make you money my job is not just to entertain but to educate and teach you call me or tweet me @jimcramer interesting action i don't mind talking about the dow up 104 points. nasdaq, 1.9% jump.

wow. every since we got over the pandemic, wall treat has punished the stocks that thrive during the worst days of covid-19 the so-called pandemic names they have been written off as return to normality losers they have either been dead money or totally toxic to your portfolio. and boy, have they weighed down on the nasdaq. that is until today. i'm not sure why it could be because elon musk took a 9.2% stake in twitter a stock that performed admirably in the early days of the pandemic and has done awfully since. it could be because some institutions think some of these beaten down companies need a second look. let's take them one by one, starting with the poster child for pandemic stocks, peloton this stock traded up to $171 early last year before crashing down to $20 in one of the biggest swan dives i have ever seen too much inventory, possible cash crunch, poor management,

the works. even as manager john foley is a brilliant guy. doesn't matter the crash and burn of the stationary bike stock, peloton needed to bring in someone new unbelievably they snared barry mccafe the subscription mastermind who worked his magic at netflix and spotify, with mccarthy at the helm, i am bullish on peloton. i think it's worth owning as a long term bargain, and today's run makes sense to me. how about the other pandemic poster child, zoom video paging the doctor, zoom flew way too close to the sun right? our mr. sun, coming from $588 to $94 in less than 18 months that is a move that's totally reminisceabnt of the dotcom era there's one difference, the dotcom obliterations weren't

viable zoom was viable. it's still fairly expensive. trades at 35 times earning zoom simply must do something other than being a well managed video conferencing company too many competitors there will be nothing special about a video phone suite if they don't do anything, if they remain as they are where say count me out i feel the same way about docusign an incredibly valuable product that will keep being used and even expand its reach because their digital contract signing platform is just that good but with covid receding, nor deals will now be done face-to-face because that's the tradition and lots of businesses are pretty high bound. they're going back to some of their old ways the fact that docusign still sells at 56 times earnings after its plummeting from the high tells you it never should have been up here in the first place. so why would it stop at $112 okay, so much of being cooped up, so much, meant watching something, anything on

television and that's why roku caught fire. but the stock flew from less than $60 to $490 an adserb climb driven by money managers roku sells at 79 times earnings. the stock dropped 7% because they extended their deal with amazon, although i never thought that deal was in doubt i'm betting this will be a one-day move now, very complicated because of what happens later in the show doordash fell from north of $250 to below $75 before rebounding to $127. i have high hopes for this company long term. notice i said the company. because it's losing money, i can't recommend the stock. this is an environment where profitability is king. it has locked up a bunch of the country with its delivery network. and please stay tuned as we will

have the biggest threat to doordash coming up right on our show how about shopify? how about etsy why anyone thinks these at pandemic plays is beyond me, but that's how the stocks have been trading. i know shopify is no amazon, but they never claimed to be, and i think it works longer term, but the company still needs to grow into this market cap nice move today. as for etsy, now this one i have no idea how to value this one. nobody else does either. its market cap seems way too small at $17 billion versus its opportunity. the online marketplace for handmade goods has created just so many companies, but i'm really thinking about all of the women who have been able to finally get a company and etsy has helped them. that is a long-term bullish trend. they built a huge platform and i think the stock deserves to trade higher how about paypal an online payments company that had been growing at 20%, even as

they spent years on ebay i like paypal because it seemed like it was on track to become the best worldwide bank, that would justify the $200 billion market cap plus. i was wrong. paypal will be lucky to have 18% growth this year i don't think they can do that whether a growth stock sees that deceleration, it gets crushed beyond all recognition that's what happened with paypal plummeting from $310 to $92, where it started bouncing. if you believe these guys can reaccelerate that growth rate, the stock is a buy at 26 times earnings it doesn't hurt that wells fargo just initiated coverage of paypal with an overweight rating, a $1.25 trillion dollar rating but i got this wrong, and bought it for the travel trust. this one is a loser. and will remain a loser, and it's quite painful finally, i want to include amd,

which surged above $160 last year and fell to $99 in late january. amd's two main businesses were cpus and graphic chips and many people believe we're seeing a pc slowdown because once you built your home office, who needs another computer but use your exposure to gaming and that remains strong. they're also a heavy hitter in high performance computing, aaugmenting by their acquisition of the cloud build-out, the the ceo lisa su was on "squawk on the street" this morning talking about a 30% growth rate, yet the stock sells at 27 times earnings that's not ridiculously cheap, but it's normal cheap. it's an enterprise oriented business ime it's not a consumer company. when you see the so-called pandemic plays roaring without an upsurge in covid, you have to

thak thake them on a case by cae base some will be one and done moves but the higher quality names have overshot their downside and can bounce for more than one day before they run out of steam aaron in california. >> hello, jim. thanks for taking my call. >> of course >> caller: thanks for all you do for us >> thank you what's going on? >> caller: okay, my question is about square or block as it is now known. >> right >> caller: i bought square around $32 because you tell us to buy what we know. i'm a jewelry designer and i use square at my art shows so my concern is with its exposure to bitcoin now. i have ridden square up all the way to $289. i still own it, and it's no longer at $289 my first question, do you expect it to get back anywhere near there now that it's attached to bitcoin? and second question, should i consider owning bitcoin because

i now have exposure through it with square? >> well, bitcoin is beyond my canon. i own ethereum, i can't own stocks but i own some ethereum and i like it. my problem with block, formally square, is it's still at very high multiple, and we're trying to stay away from the very high price to earnings multiple stocks you're big on it, up 11 points today. i think you should take a little off the table even though it was much higher at one time. john in colorado, john >> caller: boo-yah, jim. >> boo-yah what's up? >> caller: first time long time. my stock is a silicon valley stock, but it's not a faang stock. they wept on to resist an apple buyout given your track record of naming great pets after great companies, should i call my next puppy dog adobe? >> well, that kind of depends on the breed.

i would tell you this, adobe is where it was after they reported the so-called bad quarter when they came on "squawk on the street" and i thought told a competting story and i want to be long adobe, not out of adobe. you have a good one, not a dog namer, but a good stock. >> some of these pandemic plays that are surging will be one and done moves they absolutely will these are not great stocks because there are things wrong with every single one except for amd. i think the higher quality names have overshot the downside and can bounce for more than one day. on "mad" tonight, qualcomm, talk about a stock that flamed out. a deal for advanced driving system, so could the deal drive the stock higher i'll talk to the ceo then with the first quarter of 2022 in the books, i'm recapping the action, highlighting the winners can calling out the underperformers, plus the wonder truck made a special visit to cnbc today i'm asking the top brass of start-up group wonder group all about the company's plans.

1,000 of its food trucks on the road just this year. stay with cramer don't miss a second of "mad money. follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. (vo) verizon is going ultra! and now you can too with the offer you just can't miss. with 5g ultra wideband in many more cities, you get up to 10x the speed at no extra cost. plus six entertainment subscriptions, included! like disney+, music, gaming and more!

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two month ago, qualcomm got hit with a miscertainly of jus justice. they reported a magnificent quarter, but they kept going lower. they're down 18% since they

reported to the point where it sells at just 13 times earnings. i think they're being pigeon holed at the smartphone play even thethey have a bunch of different other businesses that's why we're buying it so aggressively for the travel trust. it seems to have the same idea because today we learned they completed the acquisition of river. that's going to drastically expand their advanced driver systems business can this deal force wall street to acknowledge the reality there is a lot more to this company than phones? certainly looked like it today stock jumped nearly 5% let's take a closer look the president and ceo of qualcomm is here to learn more about the deal and everything else the company has going for it welcome back to "mad money." >> very happy to be here, jim. talking to you i won't miss it for the world. >> i have to tell you, i am very excited about this deal, as you know because we have talked a lot about it can you tell people about the strategic merits of the deal and what it means for qualcomm, i

think which is now going to be a leard in adas some absolutely this acquisition, it's a very important milestone for qualcomm if you remember, when i just became ceo, i had no choice, not what new ceos want to do, i had to put a competing bid offer to acquire this asset and the asset now, i have a proven computer vision stack, the driver policy combined forces with the qualcomm rnd, and our soc, and that is a great platform for adas here's what's different about the qualcomm adas. it's an addition to our additional chassis we're building an additional chassis for the automotive industry, and it's scalable and open our vision, jim, we need to get scale with assisted driving and autonomy we can bring this from the premium car down to entry level cars in multigeneration, and

it's really a multi-tier open scalable platform. we have gm working with us for the super cruise we announced bmw and a lot of interesting things coming into the future super excited about adas and the automotive business and hopefully investors will realize they're more to qualcomm than phones >> mary barra told me she's incredibly excited about what you have got and why she chose you. now, there are companies like mobile-i and nvidia, they have options too. why would you go with qualcomm over those others? >> look, interesting thing about what we're doing is our dna comes from mobile. and you're not going to put a server in a trunk of a car if you look when mary barra was a ces and opened a trunk and they show a little box with passive cooling only and said this is where the entire autonomy is running, this is what qualcomm can do, and the

other thing that is unique to qualcomm, we're providing adas, the entire digital cockpit solution, the connectivity with the car to the cloud, and the cloud service platform it's about providing truly additional chassis so there's a lot of competition out there. we expect that but i think the success we have in the short period of time is because we come with something which is very innovative and scaled >> what does it mean for the company? how many billions can it be this year, the next year, the year after? we need people to think of qualcomm as a different company? >> yes our automotive now is in excess of $13 billion of a contracted backlog. we say in the next five years it's go to show up in $3.5 billion and we expect it to get to $8 billion in the decade. and you know, honestly speaking, the type of messages we're getting back from the largest oems and the oems that have

already selected qualcomm, i think there's a lot of opportunity for us and it's going to be a big business and $13 billion of contracted backlog is not small >> i know we're in a quiet period so you can't talk directly about the numbers but a lot of people have been saying maybe this 5g cycle really isn't so special maybe it's not going to mean that much. now, no one knows 5g better than you, sir is that true >> okay, so let me tell you, let me answer your question and say what are investors not getting right about qualcomm we're more -- we're more than a c comes company. we're about providing connected processors in in addition to what we do with handsets, the different certification is working, but handsets is also very good. here's what investors are making the wrong comparison they look at what happened in 3g and 4g and say look, 5g cycle may be completed and it's going

to slow it down. look what's happened at qualcomm today. i'll give you some math. android is 85% of the global handsets our fiscal '21 revenue were 40% higher in revenue than our highest competitor we're focused on share wallet. we also have the processor for the premium and high tier. and just look for example at the galaxy from samsung. if you look at the galaxy, which is the number one competitor of apple. the galaxy s-21, our share was 40% to 50% the galaxy s-22 thatgist launched, we climb up to the order of 75% >> if that's the case, why aren't you buyic back a ton of stock at 12 times earnings there's no better investment than your stock? >> yeah, look, we have -- we had increased our dividend we talk about annualized

dividend targets, high single digits, low double digits growth rate and we are going to continue to look at the buyback, but we want to maintain strategi flexibility also for m&a because we see diversification working for the company. it's working in auto, working in iot, and we want it to grow faster >> boy, do i agree with you, and you know that. i want to congratulation you on the acquisition because it changes the mosaic of qualcomm, and some analysts better realize because this train is leaving the station. christiano is the ceo of qualcomm great as always to see you, sir. >> likewise. thank you so much, jim >> thank you >> okay, you know my travel trust owns it. we talk aggressively about it for the club we have a club call on thursday. i'm going to talk about qualcomm again. "mad money" is back after the break. coming up, winners and

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last thursday, the first quarter ended with a whimper the s&p 500 finishing down 5%. its worst performance since the first quarter of 2020. the past is ugly the future is at baes confusing. even on a good day like today, you have people freaking out about how the inverted yield curve means we're headed for a recession, especially since the federal reserve seems eager to raise interest rates aggressively we're getting early signs inflation may be going on its own, which may mean the fed might not have to hit the brakes on the economy so hard either way, a difficult time to

get your head around that's why i want to give you a sense of where we are right now. we have a full quarter worth of data about what's working and what's not as of 2022 first quarter. so what can we learn from the action really interesting take away here let's start with the obvious, the first quarter was bad, real bad, but the pain was not distributed equally. dow jones industrial average and s&p 500 only pulled back 4% to 5%, while the tech heavy nasdaq plunged 9% russell 2000 small cap tumbled 8% the benchmarks have rebounded hard from their lows the dow and s&p which are mature companies, bottomed february 24, the day russia invaded ukraine but the nasdaq took longer it didn't bottom until three weeks ago. since then, it's rallied more than 15% for a much larger bounce than other indices and people stayed bearish and a lot of analysts got bearish which they should have been bullish. what does this tell us here's my theory the first part of the quarter, january and february, was driven by fear.

specifically the fear of higher interest rates and the fear of russia doing something crazy in ukraine. whenever fear reigns, it's the high multiple stocks that get sold first however, in march, after the russian invasion turned into a stalemate, sending oil and grain prices into the stratosphere, we started worried the fed might have to get more aggressive in its fight against inflation. as soon as people talked about multiple 50 basis point rate hikes that changed the calculus for the tech stocks. many are regarded as secular growers meaning their business can do fine in a fed mandated recession, so tech came roaring back while the more balanced averages like the dow and s&p have lagged. plus, let's not ignore the fact, very simple, the nasdaq has bounced the hardest because it was down the most. when they first caught fire in march, a tonf the strength was short covering from bearish investors betting against the stocks since november and wanted to ring the register never blame a short seller for

striking to take a profit. now, there are two factors that have drove the action in the first quarter. interest rates which i already mentioned, and energy prices oil finished the quarter at $100, and while it's still up 40% for the year, it's down substantially from its highs last mubonth the price of crude is caught in a fight between geopolitics and worried about a fed mandated recession that will crush demand so now, let's talk winners and losers so we get more granular giveb these incredible runs, the energy sector was the best performer, up more than 37% in the first quarter. ia knew that was going to happen i hate markets that are led by energy because it's an army led by general custer. the followers rarely make it out alive. only the utilities managed to rally in the first quarter, which is amazing because they're classic recession resistant stocks aep was phenomenal in the first quarter. everything else was down, some a little like the financials, the

staples, industrials, and health care some a lot like tech, consumer discretionary, and communication services the latter group crushed by mega cap stocks, yes, like facebook and netflix. how about individual winners and losers the five best performers in the dow jones average were chevron, okay, travelers. much better than expected quarter. american express, opening around the world. gal, a bunch of price increases, and caterpillar. an oil and insurance company and a credit card company. the worst performer in the dow, shocking, home depot this is without them ever saying anything bad they told it straight, didn't give you much of a forecast, followed by nike, salesforce, 3m, walgreens. home depot and nike are in there because of worries about housing and the consumer in general. doesn't matter nike had an excellent quarter. salesforce owned by my travel trust is a great company that belongs to a hated group.

3m is guided by litigation they can't get a handle op. walgreens can't get any love because it didn't raise its guidance and so it's written off as a covid winner. how about the top five in the s&p 500? now this is very interesting because of course, you have occi, oil. mozayb, fertilizer a lot of this is russian shortage then apa, which is -- i'm sorry, halliburton which is a stock owned by the travel trust which i like that's because we believe that oil companies are going to be drilling more than they currently are. a lot have shut down apa is one that i'm really interested in. this is one that's largely natural gas at a time when natural gas is needed around the globe. watch that stock it could be good going to be able to get a pipe to get it to market too. and then marathon oil, which speaks for itself. of the top 20, 16 are energy plays, three are ag plays, the last is a tech overstory well, what else was there? if you weren't in oil and gas,

you did poorly the losers, e-pin, which is a software and tech consulting company that has a lot of emp ployees in ukraine, belarus, and russia tough situation. then etsy, talked about that at the top. paypal, very out of favor, and netflix. i have to tell you, i saw after the close that paypal got recommended by wells fargo maybe that helps it. ipg photonics. this is interesting, a laser company with significant operations in russia if you look at the biggest winners in the nasdaq 100, you'll see very interesting stories. there's splunk, the data an analytics company that is making a comeback because of the new ceo, gary steel. up tw28% in the first quarter then activision blizzard the video game takeover story because it's being bought by microsoft. you have a couple drug stocks with a good pipeline vertex pharma, they have a

possibly nonaddictive pain reliever, and astra zen scaw which is number six, but i'm including it, and then is the utility, classic recession proof stock, and then dollar tree which is turning around thanks to a push from an activist investor we talked utlast week when we said we still like dollar general more, but dollar tree is okay you can learn even more from the losers and a lot of these we covered at the top of the show, but it's worth delving deeper because this is what the story was for a lot of different funds there's a paypal, netflix, zoom, video, and facebook. horrible, right? paypal belongs to one of the most hated groups in the market. too many fintech plays netflix and facebook both which are now changing the name to meta, had quarters that were viewed as extremely disappointing. big number cuts. as for zoom, it's a pandemic stock that as we mentioned desperately needs a new narrative in what feels like a post pandemic world. i told club members i would buy

facebook, now meta platforms, aggressively i said it several times at the 10:20 meeting. i think the second half could be huge for them. next up is align technology. that's the maker of invisalign braces i don't know what to say they keep putting up good results. the stock is cheaper than it was before covid and then lucid group we went out to see the electric vehicle startup, down 33%. they missed their numbers. finally, okta. a cybersecurity stock that lost nearly a third of its value. they also got hacked, and people don't expect a security company to get hacked. not a great advertisement. here's the bottom line this market is screaming we're headed for a fed mandated slowdown that could become a fed mandated recession if we get more signs that inflation is cooling on its own like the pullback in oil, then some of the hardest hit stocks might end up looking pretty enticing, including some that i talk about at the top of the show sydney in virginia, sydney

>> caller: yeah, boo-yah, jim. >> boo-yah what's on your mind? >> caller: i want to know about whirlpool, it's been down a lot recently overall, it's a good price or a value trap >> i think what happened is they aren't able to make all the machines they need to make and people feel when they finally catch up, they'll have too many machines you have 4% yield. you got mark bitzer, he should come on. i think that stock is a buy at six times earnings i have to do more work on him, but the way to do it is to have him come on. he's an articulate person for the case for whirlpool i like your question and you should buy it. if we get more signs inflation is cooling on its own and some of the hardest hit stocks might end up looking pretty darn enticing much more "mad money" ahead including something i'm really

excited about. top brass of food tech group wonder group, and then jpmorgan ceo jamie dimon released a letter to shareholders, i'm sharing my key takeaways and who should take cues from it, and all your calls rapid fire. tonight's edition of the lightning round. stay with cramer

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picture this you pull up and have the menu for bobby flay's steak at your fingertips you punch in your order and wait for the meal to come to you. unlike how this would normally play out, they don't make it in the restaurant the food is prepared en route

inside the delivery vehicle which looks lake a food truck and they fire, finish, and plate it outside your door and serve it to you as soon as it's ready. i had this magnificent experience multiple times courtesy of a new company called wonder which operates in northern new jersey but has planned to expand across the wealthier parts of the tristate area wonder is it latest venture of mark c lore, hey, that's a prety good track record, which is why we want to learn more about this new business before it goes mainstream tonight we had a chance to check in with marc lore himself, the founder and ceo of wonder group, outside one of his wonder trucks right here in our studio in new jersey oh, man, i love this story take a look. >> all right, marc, i had the privilege of the wonder, but many others haven't yet. i'm in jersey. tell the rest of the country what awaits. >> yeah, sure. so wonder is basically mobile restaurants. that's the best way to put it.

we have created 17 restaurant chains from scratch, vertically integrated across 17 different cuisines, everything from a bobby flay steak at sort of premium side down to pizza, burgers, everything in between, mexican, chinese, japanese, italian, middle eastern. the truck basically pulled up in front of your house, cooks the food at a high speed convection oven in a matter of minutes and brings it to your door piping hot. >> here's what we thought when we ordered we think we're giving you a beating. we think you can't possibly be making money because we order so much that's wrong, isn't it >> we're vertically integrated if you think about it, there's one person on the vehicle that drivers and cooks. the average drive time is only eight minutes given the order density. so it's not very expensive in terms of drive time, and all of the cooking is done fast because we have engineered the food and spent a long time and a lot of money investing so a lower skilled or lower trained person could cook the food with largely

with the push of a button very quickly. we can turn out really high quality food all the heavy lifting is done in a big central commissary kitchen where we'll par cook the food, but the food is cooked on the truck. it's an oven no microwave >> it was delicious. i also ordered some liquor from you guys you're doing that, too >> yeah, absolutely. >> tell me, it can work anywhere, can't it >> it can. because these restaurants are mobile, we don't need a high amount of daily volume to make the restaurant economical, so at $1,000 a night, very profitable. a restaurant can't go into many areas because there's not enough revenue to support the brick and mortar infrastructure. we can go into areas restaurants can't go into. that's a reason we're doing sowell, we have turned capx into a veritable experience, and we can go into an area quickly and launch 17 cuisines and make them available to everyone without having to put a stake in the ground and having to find a

piece of land. >> look, there has to be tremendous r&d because this is not just a heater. >> we have 80 r&d food engineers and scientists working on this for a long time, to be able to pump out that sort of quality food again, with someone who is, you know, i'm going through training three days, i can be on the truck cooking bobby flay steak you don't need to be a serious chef to turn out this food >> you're a serial disrupter this one seems like winner take all to me, it really does. you're first, you have a great board. you have the capital when people -- when people download the app, they're shocked at what's offered. >> yeah. >> you did it. >> yeah. i mean, we're only in 20 towns right now in new jersey, but we're growing fast we're adding about ten mobile restaurants a week, and yeah, starting to really ramp up now >> okay, so my friends in manhattan say, it's a suburban

thing. i wish you could come out and see me that's not true. it can come to the street. >> we wouldn't zun person on the truck, the model would be different given the order density. you would have a driver, somebody cooking, and then a runner you could imagine we could cook wood fired pizza in about three minutes and four at a time imagine in new york city, you're turning out four pizzas and they're going a block, delivering the pizza and running back >> you have got some really high profile partners the pizza is unbelievableering but they're all big name people. how did you get them involved? >> you're talking about th investors? >> the chefs the chefs are the best >> bobby flay, nancy silvertone in l.a., marcus samuelson. >> i didn't see him yet on the app. >> he's coming he's coming. so is ramen noodles. i knowia like those. >> look, i am a serial orderer frankly because i didn't believe

it and when we heard it was you, frankly, we just knew from jet.com, we knew it had to be just totally disruptive. you do not get involved with something unless it completely upends how did you know you could upend? >> that's like any entrepreneur, you have a vision for it, you think you can upend, but not until you do it, and we exceeded expectations i didn't know you could cook a bobby flay steak in minutes and have it come out perfect every time >> i have seen you in every one of your ventures, but i have never seen you this excited. this is for real >> i'm really excited. everything i have been working on, you know, in my life, has led up to this this is it >> we do have tremendous consumer inflation we know that consumers are hurting. honest to god, i thought this was a great bargain. is that possible that you are actually coming in under if i went to the restaurant in some cases? >> yeah, it's definitely if you were to order in from a delivery

aggregator it's cheaper than that no fees associated with it, and we do have the steakhouse. we also have two family style concepts where you can feed a family of four for $40 we have the taqueria mexican, and the regular. >> you give much of your portions -- people have to know, look, i'm not salesman for you but we just think this thing is a wonder we just think that we were so afraid you were losing money on everyone and you close it, that's not the case. >> not when you're vertically integrated $1,000, food is $250, you have one person, you have some depreciation there's a lot of money to be made here. >> it will be made national wide you're not stopping in jersey. >> we're going to continue to scale it >> the restaurants don't mind, even though it could conceivably, i guess, you still want to go to a samuelson restaurant so do you have the money to be able to do this? >> yeah, we have raised quite a

bit of capital so far, and we're not -- i mean, we have plenty of capital. hundreds of millions >> what's the biggest challenge right now? >> biggest challenge, we have worked with some really big challenges now it's just buckle down and execution. so to add ten mobile restaurants a week, and then eventually 20 and 50 a week, that's the challenge. so it's the traditional scaling issues >> one last question people are always talking about, well, pandemic, we have to be at home do we still want to be at home i guess so eating at home if it's a great meal >> give family more time to sit down and have a meal together. our mission, we believe everyone has a right to great food. that's nutritious, dense, affordable, sustainable. and yeah -- >> one last question i have to admit, we did chinese and we did bobby flay one night. is that all right? you don't mind >> that's okay again, given the drive time,

it's only eight minutes, it's not that expensive >> we didn't want to be the reason you didn't stay in business >> two trucks. two trucks away. >> marc lore, founder and chairman of wonder group guys, just go on the app you won't believe what awaits you. thank you, marc. >> thank you >> coming up, a storm is coming. so give us a call. cramer's got the answers to all of your burning questions. the lightning round is next.

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and then the lighten round is over are you ready? kyle in illinois kyle >> caller: boo-yah, jim. from the windy city of chicago >> how much do we love chicago here yes. what's up? >> caller: i am looking at the new conductor supplier company what are your opinions on klic >> they're very well run company, but i have to tell you, i like klac better and my favorite is lrcx. that's the one to buy. kevin in nevada. kevin. >> caller: hey, jim. wanted to thank you for everything you do. >> you're a good man thank you. >> caller: also wanted to bet your take on psec. prospect capital corporation >> this has come up to me several times and i don't know what's in. they have to open their books to let me show -- to know how they get that big yield so therefore, i'm gun shy. amado in florida

>> caller: boo-yah, hello from the coast in florida what do you think of the stock auph is it a game changer >> it hasn't been so far let me tell you how i approach this one you can add this as your spac. it's not been a great speck before, but it's down a lot, but i do not think their lack of success so far has not been great. michael in california. michael. >> caller: boo-yah, jim. >> boo-yah >> caller: i'm a loyal investing club member. i look forward to the meetings every morning. >> yes, 10:20, me and jeff thank you. what's up? >> caller: you guys are fun. and i appreciate your insights on the market, individual stocks, and managing a portfolio. >> thank you >> caller: i'm calling about, wanted to get your opinion on a small digital advertising company. they have only been public over

a year they're profitable and they have a pe ratio of about 27 >> okay, what's the name >> caller: pubmatics >> i know them very well, and i have to tell you, they're good, but you have to stick with google google is best in show you know that because you're a member of the club, right? and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade coming up, what can home gamers and the white house learn from jamie dimon's annual letter some bankable takeaways next

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the scum of the earth, you have to read jamie dimon's annual letter to jpmorgan's annual shareholders arve year, it's incredibly well thought out and full of good

ideas. even if you're a card carrying communist who despises banks and ceos, you should still read the letter his thoughts about where we are as a nation really hit home in this perilous time i think his annual letter should be required reading for every politician, and frankly anyone else who wants to make america a better place as he says, at a minimum, we should all agree we need regulations and policies that foster growth rather than crippling innovation and investment, but it's not enough. they also need to be consistent and reliable as someone who started and run many businesses, i say many regulations feel arbitrary and capricious he points out we need to build a new strategic and competitive framework for our allies, especially when it comes to china. he does believe the west needs to take a harder line with the prc because there's no fairness in our trading relationship. he has what i think is a totally inspired idea here he says we should ask the chinese government to give

humanitarian aid to ukraine. never mind that the people's republic is russia's number one ally he makes a point china's trade with the u.s. and western europe total $3.6 trillion last year. the trade with russia was just $150 billion considering that disparity, we would be nuts not to lean on china to commit to helping ukraine. they need all sorts of nonmilitary assistance right now. of course, china probably won't go for it, but even if it's a brilliant churz in trolling, it's a good idea it's time to put china on the spot to see who they really side with he reiterates his plan for energy security. we could work with allies in europe to provide them with all of the liquefied natural gas they need and then help them make a seamless transition to renewables and he wants a strong america that respects all of the citizens with a more equitable labor market one that he honors what he calls the dignity of work now, i hesitate to say much more about the more ethereal topics

because his his torically large pay package means it's hard for a lot of people to take him seriously, and when he talks about equity in the labor market, well, that's the market we have made as a student of his letters, this one is far more downbeat both because of the war in ukraine and the fractured politics, but it's more practical in terms of ways to blunt china, build better relationships with our allies and improve the standing of business, kind of a very if you're running for president, you would say these things what i wish most is our president and his team study the letter, not necessarily for strategy but its tactics. like it or not, business is the most powerful force in america most powerful force for social change i'm not saying that's good or bad. it's a fact. unfortunately, the biden administration has alienated big business other than commerce sectitary gina raimondo, few seem to have the pulse, not just of industry, but what's going on in the

corporate world. they don't get it. i think that's a shame you can learn from anyone, even the ceo of the biggest bank in the world. i like to say there's always a bull market somewhere and i promise to try to find it for you right here on "mad money." see you tomorrow the news with shepard smith starts now answering a new stage of putin's war. the white house says it could last months, or longer i'm shepard smith, this is the news on cnbc civilians slaughtered in the kyiv suburb of bucha satellite images confirm people dead in the streets for weeks. the ukrainian president on scene calls putin's carnage genocide >> he is a war criminal. >> the white house to announce new military assistance and details russia's new military strategy. one arrest and a search for suspects after the mass shooting in sacramento. >> the scale o