>> yeah, put vertical spreads in amazon qs, iwm suits you well. some are so bad they're good >> all right, that does it for us on "options action. see you back here next friday at 5:30 p.m. eastern time don't go anywhere. "mad money" with jim cramer starts right now there's always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. i'm just trying to save you some money. my job is not just to entertain and educate and teach about days like today call me at 1-800-743-cnbc. sometimes the whole stock market, the whole stock gets

pulverized dow plunged 181 points nasdaq nose dived 2.55%. interesting it was not as bad as the s&p. we had a few of these really ugly markets their classic shake out. that's what i call them. it's systemic like 2008. other than that, every time it makes sense to raise cash, pounce on the stocks weakness. if you got out when i said you dodge about a 4,000 point decline and dow, 11,000. it made so much sense. people were furious when the market came back

everybody in the business world. needs to move swiftly. others prices like crazy causing a ton of inflation many others said i think you're way too optimistic because the cheap money will stay forever. they are doing things they shouldn't do that's why the game plan for next week. i want to highlight which companies are best set up. we settle into what i think will be a feeble midweek rebound but deserving how over sold lit be we have to see what they say ant

the substantial rush ands getti step closer to its break up. are they getting russian inspired energy crisis, i hope so i hope they give us a run down on the ear plug lawsuit and the ground water issues so we don't get blind sided by the two incredibly important items dragging down the whole company. i expected the numbers to be pretty good otherwise. tuesday night is when it gets crazy. we have microsoft which have terrific numbers it's cloud business but it might not matter because it's exp expe expensive. then we got alphabet because people have turned on now because they think online advertising has stopped growing. i think they are wrong because google is a special case we get results from one of my favorite chain, chipotle

it can only be a trade in rising interest rate. they might talk about the need to raise prices to talk about rising labor, food costs have you seen the price of avocados the mind set of the market it might be worth buying own weakness as long as the fed decide to kill inflation now probably not next week you never know when the fed will wake up. wednesday we have after verizon lackluster growth number it's really not a good quarter for all. at&t kind of decent the other day. i'm looking for t-mobile to have its strong results it's a high mobile stock so it probably won't matter. we all have gotten used to boeing being ugly. i expect more ugly the thing is, it should be the ultimate reopening trade as all the airlines are short on planes they need boeing boeing needs help from faa and

dream line given the recent track record, i get where the regulators are coming from. it will say that, what can i do. the stock has been cut in half i think that the will miss the forecast i think they will cut the -- miss the quarter, cut the forecast then they got to buy i'm keeping some power dry to do some buying for the charitable trust. if you subscribe, you get the call before we do. like many of these names have mentioned, i'll have extensive commentary on facebook quarter for the investing club we have been doing these things at 10-20 for members only. we'll spend a lot of time on facebook maybe even some coal orders.

i don't blame them they replace it with natural gas to get the natural gas from russia they are financing putin's war efforts. who knows between that and the elevated price of gold, using a lot of cad equipment maybe they had a good quarter. when times get tough, the company usually shines as mcdonalds. this time there's some russian exposure let's see what happens if the stock comes down then you should be buying the stock in a fed mandated slow down then this little matter of twitter. have they been able to monetize ads. i think elon musk should lower his take over bid. we hear from amazon and apple.

it's possible at this point the market will be so over sold that the numbers could work i think amazon is no resistance but it's still a high multiple stock which means it might not be able to put up much of rally. the market hates high multiple stocks apple is high stock too. wall street stopped treating it like a hardware company. i think it will be very impressive people don't switch from apple they have tremendous brand loyalty. we have this lock ddown in chin. it's hard to imagine any upside. friday is all about oil. i like oil we'll be talking about exxon and chevron. it's the cheapest because it's no longer consistent we own it big for the trust because people like oil and gas.

we're up very nicely i expect good things although some people are concerned about a pipeline that goes through russia i would love to see chevron stock pull back so we can buy more with even higher dividend yield. once again, i want to advise you you need to take a little off the table to prep you for the coming rate hikes. you can put a little money to work on days like today as we did at the charitable trust but only if you have the money to begin with pm without some extra cash, days like today pure torture. let's go do clarence in connecticut. >> caller: i want to let people know what a great vag it's been. >> i think youm rea'll really ey

it. >> caller: my company has a low p/e and it makes a ton of money. it's been down big a couple of days united rental. >> uri sells at a 20 times earning. 11 times this year people think the number will be down next year here is the problem withuri. i don't want to sound too negative but their business is based on buying companies. right now no one will want their stock. i think the stock has to go lower than the $23 than et went down today let's go to andy in florida. >> caller: long time listener. thanks for all you do. >> thank you i want you to join the club like our prooevious caller. >> caller: a couple of weeks ago you recommended dick's supporting good. it's got good flow it's paying 1.8% dividend. there's a huge short position against it is that something we should be

concerned about when we see a dip stock and the fundamentals >> if balance sheet were bad and management bad, i would say yes. i'm not ever encouraging a short squeeze. i'm telling you if they've done the work on this that i have and they would be short. i think they should be after a different kind of company. this is not the kind of company i would lay out on a big short it's too smart it's too well run. let's go to rhett in kentucky. >> caller: long time listener. first time caller. >> thank you >> caller: first of all, thank you for teaching me through the years. it's allowed our family to have a lot of freedoms we otherwise wouldn't have. >> that's what we want it's going to be good and bad times. this will is a bad time but it will g good times. we have to stay in the game. what can we do >> caller: the question i have is during the pandemic, my son played the game non-stop he asked for his money from his chores to be paid with the

online currency of this game he likes it so much, he wants him and me to do an online youtube channel of this together jim, roblox. it's at a 52-week low today. is it worth investing? >> we have a genuine revulsion of everything and anything to doed with the pandemic if it was inside, we don't like it if it's not making money, we despise it you get a good company like roblox i hear everything you said you said here it is, losing a if your honor after being in business for a very long time it's all the way down to 34. it's not stopping. this stock is telling you don't buy me i want you to be ready to take a little money into any bounce we should get a bounce by mid week, next week. put little money to work on days like today but only if you have it first

reporting a strong quarter no one cares we had a caller on it. we'll go back and talk about it. last week, we got the second largest ipo of the year. no one paid any attention to it. what do you make of it it's perfect for this moment today's tape is the absolute best remind der you need to stay diversified so we can play am i diversified to be a little on the defense here stay with cramer have a question, tweet cramer send jim an e-mail to "mad money" at cnbc.com or give us a call miss something head to madmoney.cnbc.com.

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get this poll last night in fact, we talked about it yesterday morning as part of our 1020 morning meeting yesterday morning dinner had reported a truly remarkable of the supporters stock market roll over today top another 5% not because of anything wrong. the quarter was fantastic. it's the market turned really ugly i told doug in ohio it could go higher thanks to its growth rate that's probably the best growth rate i have seen in this quarter. that's why we bought some more of the travel trust yesterday. anything to do with justice. i wanted to circle back and go

into more depth because it's a tremendous business. it doesn' deserve better. i think this is suited for this moment there's very few companies that that regulate to berkshire hathaway that's life science and medical technology they make various complicated big ticket medical machinery they are the envy of the industry over the past five years it's been a huge out performer rallying more than 220%. s&p up only 80% during the same period however, stock peaked last fall along with life science peers i talk about a lot some of that is punishment for the fact that tanner wasn't

exactly cheap. they did get a big revenue boost. they were selling lots of equipment and consumables. even when you back out the gains from covid testing, they would have 8% organic growth.

that's equipment that needs to be replenished think of it as the razor blades model. they are non-urgent medical procedures are making a huge comeback for the full year management forecasting high single digit organic revenue growth when you excludes the covid testing business even with the lockdowns in china, they have left their guidance unchanged it tells you they very confident in state of their business it's easy to understand where that's coming from the diagnostic division is firing all cylinders with the exception of china isn't that logical

you love companies who do business in china. right now you're suffering from it i think the stock will do much better some of the testing sales will go away. the end of the pandemic also means many of the customers can re restart the programs they had to put on pause or deep prioritize i expect to see a lot of investments in treatments. that's what drug companies need to conduct cutting edge verj

we're going to need covid test for long time to come. that's one reason covid testing business came in better than expected in the first quarter. the company has a four in one test for covid they know how to require that brings us to the best part of the story it's a consummate deal maker they have their own business that allows them the buy other business and instantly improve them they have done this successfully for decades. last summer janitor bought a company. it's a maker of plasma and

proteins for the life ciences. fire power to buy healthcare related businesses or maybe they could use the money to buy back stock given this stock has finally got cheap.

end of the quarter was really good the stock market is bad. you're getting it for less than nothing. it's a gift horse down here. don't look it in the mouth just take it leave room the market is fading tremendous buying opportunities but only on the way down "mad money" is back after the break. the bad guys is the winner of the truly moving picture award. oh, stop! you making me blush. it's an action packed animated adventure. show the world that you're more than just a scary stereotype. everyone will love. is this wagging? - good right? [copy machine printing] ♪

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difficult markets like this one where so many stocks are in free fall i always tell home gamer to check the portfolio for volatile through having cash and diversifying that's why tonight we're playing am i diversified i say maybe you need to mix it up let's tart with michael in florida. michael, yoir our first caller >> caller: i kwcalled in before when amd was a trader stock. trading $7 to $9 look at them now my top holdings are amd, ford, at&t and nvidia. am i diversified >> here we go. this is what i'm talking about this gentleman had a great

history. low price. amd is up and things come back down i'm going to say you should be in chevron why didn't i say t-mobile, i don't want to give you growth. nvidia has got do come down. they're spreading a will the of rumors about how there's too many cards in the system amd and nvidia, i know too well. this is one where it will be very difficult to own them both going forward. these are slaughter your pearl situation. i'm going let this fella, because he's so good, pick one or the other to keep amd is cheaper ford reports this week i think ford will be fine. it's got ayield that's doing well the biggest problem is it can't

find enough batteries. right now, you've got two tech and two phone. that's difficult i want to shake things up. i want them to shake up. this should be a health care stock. it should be a health care stock you replace it with. i suggest you buy one that is already reported that is got down today even though it shouldn't have which is united health care. that's my suggestion it's a hard game to play when everything is down you have to be a little more rigor than i can show. i want to go tony in california. tony >> caller: hello, jim and cramer nation this is tony from california i have chevron oil two, google or alphabet. three, nvidia. i costco and lily

pharmaceuticals. love the show. keep it going. thanks so much >> thank you now, again, we see a lot of names from from travel trust it's all sorts of different names and all sorts of different sectors. can't be two clustered you see certain ones that are very high. there's a lot of rumors that it will be heard by a slow down in gaming i think once we see the quarter that will be cleared up. between now and the quarter, you can take pain. you should own nvidia. we had to be season pain taker costco, america's greatest retailer, fantastic gross mortgages doing very well. great place to shop during a slow down in the economy alphabet, i think it will have g good quarter

it's a dieb abetes drug that cae you to lose weight we got an oil, a great retailer. we have a great tech we have a good drug stock and we'll take some pain in nvidia taking pain is the biggest way to make money. you know how much pain i've taken in apple, amd. how much pain i've taken in nvidia the answer is almost unlimited pain that's how you make the most money. i am going to risk repeating

myself that's what we do. we take pain you don't name your dog after nvidia, right. you think you're going to flit in and out did cut some of my position for my travel trust. i have a nice size position with a very good basis. i'll take pain in tech now the c debt, i do not agree with owning c. i think it's over the hump it will come back down morgan stanley one of the best quarters in the bank we sold some this week the stock has gotten too high. trade desk is too high multiple. trade desk is like nvidia.

these are like each other. they are high multiple stocks. i would like to see something a little more down to earth. coca-cola could be down a buck and a half too many stocks trading together with wild and crazy methods. we don't want that proctor. right here i'm putting procter & gamble right here this is now we're doing triage this is emergency room am i diversified. this is not elective surgery thank you for playing. "mad money" is back after the break. ♪ ♪ i came, i saw, i conquered. (all): hail, caesar!

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i'm a firm of the fact we got a decent ipo so far this year the ipo market has been dead as a door nail you strip out the new spac offerings, there's only been 34 deals since the beginning of 2022 they were really tiny. there were times last week we were seeing 20 deals per week. many of us were very big when the fed roaring inflation last november, the deal just evaporated fast growing start ups with no earnings tend to be real dogs when the federal reserve is raising interest rates aggressively the demand for these ipos dried up fast overnight.

the last few months have not been great although the guys are as good as they get now, in fact, 3 h deals we had this year, 27 of them raised 100 or less. most lie small buy big names. this is a liquefied natural gas at the time when the rest of the world is destined to record. these governments don't love it.

you had to up size the deal. it's fully exercise the option and there's tons of it yes, actually demand we have a massive quantity and some other places but the only way to transport is very expensive. got to freeze it down into a more compact liquid which takes a lot of of expensive equipment to put on a boat once you get on the other side of the ocean, you need to convert it back into a gas which

you can then move the pipeline where does it fit into the financial gas. they have flowing ship based liquefied natural gas terminals that can sail to where they are needed. they can dominate the markets. provide as much as 15% of pakistan's natural gas basically it makes it much easier to fientds natural gas producers to get the market.

i got to tell you, the numbers are pretty good. last year it puts us in spectacular 106% revenue growth. i think the ebitda margin is the one to watch it's important to back out the financials of their floating term limits. it's not like it's burning money. they generated 105 million in free cash flow last year what else do you need know about this one one downside is the energy is

known as controlled company. the founder controls the business it gives him 77% of the voting power. he didn't accelerate any of his shares during the other side, the other end of the supply chain. as more as more companies strike deals, they will need infrastructure to unload the shipments. that's where it comes in.

i have to believe they will charge higher prices for the services the ships can set you up to import with natural gas within a matter of months it became public in $24 last week stock quickly spiked to 29.20. since then it's pulled back. it's down to 24 and change because the market is so hideous. probably doesn't help that natural gas prices came down hard this week the stocks have been cheaper

we loorkk to these companies if you're looking for way to participate, i think it's a great way to play it ben, what's up first time and sort time investor i wanted to ask you about sg it's a new ipo that i follow i wanted to see your take on this >> couple guys from georgetown there was a time when i would have said this is the one you want it doesn't make money.

sweet green is too expensive and loses money. it's a sell, sell. jason. >> caller: rumor had it this company was supposed to be the next tesla however, they are down about 23% last month what are your thoughts >> i think ford motor has to sell the big stake in order to build its own factories. i think that will happen within the next month it loses money i'm not changing my rules. since the fed switched in november, i adopted and

recommended sell of a whole bunch of companies i'm not going back the losing money companies, they don't work here. buy me a decent ipo. much more "mad money" made investors are hoping jay powell is looking for a soft landing and smooth landing sometimes it's not where you might expect we got to do a special edition of the lightning round stay with cramer

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it is time for lightning round. >> are you ready >> caller: jim >> isn't that great show >> caller: educating us. >> in a tough market i'll admit thank you for this kind words. >> caller: lay some foam on the run way for me

head winds on the long term su supply chain restraint can this small cap return to its glory days my stock is pg >> i remember when it was actually an armory anthony. >> caller: my question is on -- bausch >> it's going to split into three companies. i happen to like all three companies. i think it will work right now can't do a deal because the market is so bad i'm sticking with joe. joe is a moneymaker. let's go do steve in tennessee >> caller: yes i am interested in what you

would think about dials ink. >> the stocks are hated now. i think you have to wait for one of the semis the big guys really does poorly. thn you can buy it we need to shake out some of the weak hands jules in florida i'm wondering what to do >> there's literally, this is the situation with this. that is the conclusion of the lightning round. coming up, there's no reason to be alarmed. can anyone on board fly a plane. cramer on powell, the fed and

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i'm dan o'dowd aren't just made for traders -they're made by them. and i approved this message. you are watching actual videos of the tesla full self driving technology as recorded by the drivers. from turning too tightly and hitting a pylon... [ expletive ] to swerving toward a pole. jesus. watch the bicyclist on the right almost get hit before the driver takes over. sometimes it seems the tesla doesn't want the driver to take over. i'm trying. this driver had to hit the brakes when the tesla didn't understand a detour sign. ok. here it almost hit a truck. obviously, i had to take over. and here it swerves into an oncoming lane. look at that! often, the tesla doesn't know what it wants to do. what is it doing? or just doesn't know how to turn. jesus, oh my god! tesla's full self driving software for drivers and pedestrians, it's unsafe at any speed.

tell congress to shut it down. the longer we drive this out, the less likely we get it. the less likely we get you hear that fraez a lot. what exactly does a soft landing

look like? let me put it this way many years ago i had a flight come back from a cnbc event. the plane was struck by lightning. we plummeted the lights went out. we stabilized. it was dark and the landing gear would not unfold now, i was writing a piece for my old publication the flight attendant said please stop everybody was praying. i was disturbing them. i said i have full confidence the pilot will find way and the plane will not crash i didn't want to file late i'm that kind of guy when we got do airport, the runway we hit the tarmac. we bounced.

a giant cheer came up. the pilot deserved itd some people think a soft landing is not so. three terrifying bounces and then a rest. how does the federal reserve engineer soft landing for the economy. they need to do exactly what the u.s. air pilot did use up the jet fuel to make it less dangerous we have way too much residual full in this economy needs to be used up. we do it on monday i would have referred 75 basis points this week the fed needs to swiftly dump the fuel by which i mean slow the pace of inflation. there's too much strength of this economy with the series of aggressive

rate hikes, we'll see a cause in home buying and car buying not a disaster as credit becomes more expensive we have to supply. it's a shortage in pretty much everything that goes into a home too. that will change with much higher mortgage rates. how about the lack of semiconductors making the car so expensive. not a problem. right now we have tons of shortages and very few surpluses. we need to change that which is what the fed can do. a slow down in housing will impack retail. you see that demand destruction occur. that's the bounce there means that he want to dump it.

it becomes much easier and the new more orderly start the plane stops at tend of the tarmac it's not easy especially on the stock market like type away on that possibly crashing plane furiously, you must be prepared for the plane to stop. you need to raise cash for the third and final bounce by that point the stock market will already bottom and start to go up. i think we'll getthrough this. you need to stay disciplined put on that oxygen mask and stay in your seat sticking with companies that

return and reasonableablely priced stocks that make things so that you, the shareholder can make money i'd like to say there's always a bull market somewhere. i'm trying to find it for you right here see you monday news starts now. "the news with shepard smith" starts now the top republican in the house confronted with his own words. i'm carl quintanilla in for shepard smith. this is "the news" on cnbc. >> he told me he does have some responsibility for what happened. >> bombshell new audio released of kevin mccarthy ripping president trump over january 6th. what the recordings reveal and what we're learning about mr. trump's reaction. putin's new war goal revealed a top russian general announces a plan that could threaten another european country. mask mandate whiplash. >> we don't feel like the man