applies to up side as well i would wait, buy meta. >> walmart see you tomorrow stock draft. 2:00 p.m thank you for watching back here at 5:00 for fast. 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. "a mad money" starts now hey, i'm cramer. welcome to "mad money. other people make friends. i'm just trying to make money. 1-800-743-cnbc or@jim cramer. and nasdaq dipped .0%.

and all much stronger in the section session at various times. i think it's worth thinking about why it's been so hard to staunch the relentless bleeding of the market. some say it's the high-profile growth others argue it's the fact we have so much uncertainty we know the fed will be aggressive but not how aggressive putin will be crazy but how crazy? and china, how long will they continue to lockdown but as the stock picker from my travel trust, which you can find out what i'm doing by joining investing club, i've got an entirely different take. the chief reason the market is so difficult is we have not so hot earnings yet with, wall street's not adopting the usual posture that's not as bad as fear. forgiveness reigned. within two or three days not anymore. case and point, this is one of

the worst performing stocks in years. going the quarter netflix had already been cut in half they may have thought there's no way the numbers could be as bad as feared, right but they were worse than feared. hence why the stock's nearly been cut in half again the netflix has stung up all services, including spotify. doesn't matter stock's down again anyway. it's an unforgiving market there are tons of stock that can rally now. that have come down from their highs. we need to figure out what can make those rallies possible. what needs to happen for them to rebound and not fall off into the netflix. i've been searching and searching.

first, we have the exclamation and that's for good news meaning the stock's entitled to go up. this is what we're looking for second well, then there's the question mark, chess master, which means it's going down pretty much no matter what. and then the new favorite i really love and it's called the asterisk meaning it would have been a great quarter or more importantly, if it weren't for an asterisk, right and then you fill in the blanks. if it weren't for x. the asterisk may not be doing that well. but they've got a good excuse. so, maybe we'll buy them later tonight, we have al kelly in the show. oh, my god, way better than expected tremendous card growth themal exception boeing russia they had to walk with away from it despite a considerable loss from

shutting down russia, vees issau's numbers were so good how did they do it got to stay tuned. right now, when you think of visa, you should think of this next how about microsoft. here's a stock that was down hard in after hours trading because a new service had an erroneous account that azure's cloud business failed to meet expectations they still trade off this stuff no matter what i do. should i give up just one moment. my executive producer, how many years have i said don't trade after hours if you don't know what you're talking about? 16 years i wanted to clarify that like visa, microsoft had a weakness, in high single digits. whoa, scary. the rest of the business is firing on all cylinders. that's why microsoft was

initially down hard and ended up jumping nearly 5% today. so, all right. now, how about, yes, the ill fatd and we know this from watching a netflix show about chess. we don't remember anything from netflix anymore, right what's the question mark that would be boeing those are the kinds of words you can't say on basic cable or even dot com. let me put it like this. if the world had four or five commercial jet bankers, boeing would be one of a lifetime but there's only two of them airbus we initially quoted a nice rally. some at a nifty profit but we made the mistake of keeping the rest at this point, there's almost nothing going right here i'm almost as fed up as my friend who actually called for ceo's head he mentioned it on a platter like alfredo garcia's.

yes, demanding he be fired i have to tell you the litany of excuses is growing too long. air force ones harrison ford. still no china deal. and fa safety issues boeing just can't get its act together i'm wonder figure maybe it can't go higher as long as calhoun remains ceo. brutal verdict finally, the area i find most increaging the one i think we're going to find in the future, 2022, the most used and that's companies that get asterisk. the earnings get annast * there's something that you can easily explain away. maybe the stock is worth buying because it could get forgiven later. and sometimes good, sometimes

bad, depending on the way it's presented. last night we had texas instruments and apple. the first had a not so hot quarter. stock plunged blink of an eye. sat there. those of us that bothered to read the release, which i did and listened to the conference call, came to the conclusion they had a good quarter just a hole when it came to the chinese client not themselves not caesar so, i put an asterisk on it. texas texas instruments would have had a good quarter with f not for china. stock opened hideously people fleeing like rats on the ship and people accepted the asterisk and took the stock back up where

it closed in the black yes. of course, this is what -- kind of what we have have done for you lately a market. you're probably saying thanks for nothing. so, listen to me you've got an alphabet asterisk. this decline off last night's amazing quarter was an absolute trav sta e everything was all systems go. but there were weakness in the european youtube ad business ukraine's in europe, who would have thought which is how this became a so-called missed quarter i say this is the sign you should think of when you think of alphabet. there's a big war going on so, what were they supposed to do what did you expect? i think we'll look back and say wait a second, that excuse makes sense. you wish you'd done some buying. by that point, you'll be too late and alphabet stocks will be coveted once again

then meta platforms, thee artis formerly known as facebook the second quarter revenue was light but the asterisk said what was that all about guess what many thought they'd dropd and they're up 4%. and they boat at the bottom line and cut four-year guidance, expense guidance by 3 billion. what started as kind of, let's say an ugly asterisk ended up as a beautiful exclamation point. in just a few minutes time here's the bottom line exclamation point, yes, question mark, no and just maybe. and that's where the money can be made after the earnings moll matt. >> matt from st. lewis here. long time, first time, how you doing here

>> i've been chill lately. my daughter told me the message people all love me and i don't need to read them anymore. she said the problem is i'm reading it upside down how could i help >> caller: yeah, april's been a rough month. hopefully may will bring brighter days. >> i agree with that >> caller: i wanted to start off saying thanks for all that you do, real quick i started reading your books out of college ten years ago and they've served me really well. >> should i write another book i've been debating it in my head >> a lot has changed over the past decade. i got out of college and i read back and get rich carefully and look at the times now, yeah, you need to write one for the next ten years. >> then that's exactly what i'm going to do. let's make money together. >> caller: let's do it real quick with, if you make it down to missouri, you have a spot in my duck line

>> it's now on my bucket list. what's going on? sd >> caller: it better be. before this broad based market sell off, it was setting up for a big breakout, similar to what costco, walmart did earlier this month. despite? charge, the domestic retailer seems to be fundamentally undervalued. it's flown under the radar, despite record profits and growth >> record, with record, record what's the name? >> real quick. target >> come on why did we have to spend time on that one that's what i regard as being. brian cornell rocks. not that far from the wife she loves it when i call her the wife the baconators exclamation point, yes, question mark, no asterisk, well, frankly, maybe

and that's where the money can be made. on "mad money" tonight mattel reported for the year and travel is booming and consumer's betting. how about buying visa. and from the f 150 to the first quarter results after the bell, there's a lot to request with ford and people are selling it and don't know what they're doing.

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the wall street journal reported that mattel, the toy maker with the great turn around story has held take over talks with a couple of equity firms. mattel reported the kind of quarter that shows why these pe firms circle they posted much better than expected sales year over year, along with a surprise profit if there's one less element rb wirts that they reaffirmed the four-year forecast than raise the numbers. i would have done the same thing. i'm not concern issed. let's take a closer look the earn it around chairman ceo of mattel. the excellent results and what's in the future. welcome back to "mad money." >> thank you for having me >> the one thing i want to be able to do is it tell people to buy mattel stock but if it there will be no muit

tell, i hink that's a shame because you're taking this to 30 without that can you put these rumors to rest >> as you would expect, we don't comment on speculation and we're focussed on executing our strategy this was the highest first quarter we have on record, both top line and bottom line our momentum continued across the business with double digit growth in barbie, hot wheels and fisher price started the second quarter with strong consumer demand, four-year outlook is also strong and we expect to grow market shares overall, outstanding start of the year is and we're firmly in growth mode. >> there's a guy who bought a company, who's a second-rate social media company the other day with his own money i get that here, i think you are money is and i think people want to bet on you and keep going with mattel this is a breakout quarter

tell me ewith the big movie, "barbie" ahead, you want to say i'm done here? >> the "barbie" movie is going to be an incredible thing. it's in principal photography and we couldn't be more excited for what is shaping up to be an iconic event with an all star including will feral, america f ferrera and more we're very excited and not just the barbie movie but everything going on >> july 21st the old hollywood guy. rrs what are you going to do this is going to be the biggest movie of the year, correct >> it's going to be incredible we have a date we have an incredible story, incredible director, great cast. we could not be more excited for what is promising to be a

stunning, stunning creative execution and representation of what barbie means to fans all over the world >> if it weren't for barbie, idea are be talking about one of my absalute favorites, bad robot. this is another one. hot wheels, cold wheels. now it's hotter wheels how you doing it >> again, one of the most prolific creator of our time, abrams partnering with us to produce hot wheels and in partnership with warner brothers this is going to be another great imagination of another one of our franchises on the big screen a couple of 12 other projects we have in the making, 12 other movies we're producing or developing right now and on top of 13 television shows and series that wore going to put on air in 2022. nine of which are new. a lot of activity, a lot of excitement for mattel content.

>> i was fearful this quarter that china, with covid, would stop making non-essential products are how is it that you did not skip a beat in your mattel supply chain >> well, our supply chain is playing a key role in our suck is ses is. all of our factories are fully operational and we're working in close collaboration with our partners to make sure there's product on shelf to meet consumer demands it's not that we're not seeing challenges but we're able to work through them and meet consumer demand. and this is clearly a key strategic advantage for mattel >> why did you not raise guidance this is not the gain the game wall street plays >> it is the first quarter we have three more to go we focus on execution. very confident about the rest of the year

we reiterated guidance and we focus on doing what we edo best, which is continue to grow the company, continue to deliver profit and create shareholder value. >> it does seem like when i keep coming back to dolls, i think about what you did, which is you realized that there are more people who don't look like, say, me, and my wife. there are people all over the world who look very different and that must be, i think, a continuation, that you recognize what the world looks like, verses what you and i grew up with, correct? >> correct each one of our brands has a reason we make this product and we focus on quality and value for consumers but always about the social message that represents important values we all subscribe and want to live in barbie inspires limitless

potential in every girl is and this has been a key part of the success of this incredible franchise, up 4% this quarter, finishing as the number one global property. and we invest heavily in innovation we deliver the brand purpose and we see that resonating at levels the company has not seen in years. when you compound that and touching consumers on so many levels, you get incredible results. and this is not just with barbie, this is across the entire portfolio and a key part of our success >> so, roblox, looks like people are going out side, not staying inside you have inside things these are things done inside turns out post pandemic you got strong isser why are you the only one who buffed the post pandemic opening? people are staying at home for mattel

>> we have a very clear strategy, very strong brands that resonate and touch consumers. are and we continue to grow our toy business across multiple categories, with across regions and at the same time, we reach and engage consumers in other areas, whether it's content, consumer product or diggal it games. and digital experiences. we see it in games and with the mettaverse that each sold out instantly. we know our product resonate we know what we do touches consumers and we stay sfoeksed on the strategy to grow our core business >> i first met you, you told me be careful now you have a triple and you said you can get a quadruple don't let anyone take the

company from you another fabulous quarter i'll see you july 21st where's my seat? >> exactly >> great quarter wow. i cannot believe how good that was. "mad money's" back after the break. ♪ ♪ visa's knockout quarter in an inflationary world ♪ ♪ ♪ ♪

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♪ ♪ how's he still playin'? aspercreme arthritis. full prescription-strength. reduces inflammation. don't touch my piano. kick pain in the aspercreme. look at that great things can still happen. we got a magnificent quarter from visa. and the stock surged more than 6% that is a big cap stock. and visa gets 4% of the sales from russia at a time nobody

wanted to do business with them. they knocked it out of the park. a $1.65 basis, much higher than expected revenues, up 77% year over year. they had 30% earnings growth and much of that is fuelled by a massive uptick in mortgage actions. visa is one of the rare companies that benefits from inflation. higher prices translate to more money for them it was just the straight out executioner. given the stock's still a long way from its highs last summer, i would not be surprised if they got a lot more room to run let's check in with kelly. and what comes next. mr. kelly, congratulations best numbers of any stock in the dow. welcome back to mad money. >> great to be with you and your listeners. we're very happy about it. >> give us some percentage

numbers. thank you for providing them you make it very easy for things like cross border and how just the payment because i couldn't believe these when i read them >> look, about a year ago, we started a very robust recovery but for five or so hiccup weeks with omicron from middecember to midjanuary, it's been a heck of a good are recovery. with this past quarter, we did 57 billion transactions. 635 million a day, 433,000 an hour and that was up big time over the prior year purchase buying up 7%, 44 up in latin america, 20% in europe, 16% in the united states and even in central europe and middle eastern africa region, we

were up 18% and that's the region that had no volume for the last three and a half weeks of the quarter because of our suspension of our business in russia so, the fact of the matter is is across all industry verticals and most markets, with the exception of some markets that are still somewhat locked down, the consumer is is out spending, out traveling, domestic travel is back over 2019 levels in almost every country and you referred to cross border cross border volume a year ago is only running about 40% of 2019 levels. the last -- year prepandemic year and we reached a around 82% of the past quarter and by the end of the quarter, it was run aring -- exit rate was 19% and for the first three weeks of april, we've been at 94% of 2019 levels for are cross border

travel, which is pretty incredible, considering asia is still very much in a lockdown mode carter's like north america, united states and canada, caribbean and mexico, parts of europe to greece and switzerland are just going like gangbusters. >> isn't it true that you could have very easily said our second largest market we shot so sorry we couldn't do the numbers. i don't think people are realize russians carry a lot of credit cards, don't they? >> they sure do, jim. for it's about a billion dollars of revenue for us on an annualized basis. and it's a very sophisticated market at the end of the day, over the last nine quarters, when we've been going through this pandemic, our people have been working really hard at developing new relationship

ares, increasing the number of credentials out there. getting more acceptance points out there. and weir arer starting to see some of the flow through of that hard work that we've done. and we're not even all the way there in terms of seeing it. and i think that barring something i don't see right mow, i think volume's going to continue to do quite well. and my objective is over time that we're somehow figuring out a way to makeup for the revenue loss of russia won't be easy. and we don't make excuses. we charge forward to make sure we're doing everything we can to grow our business. >> you and i both positive guys. this is what i need -- i need your analysis on this. is it possible the consumer can stay strong but the economy can slow to get rid of some of the inflation. the average working person does

not get hurt and there's acatually slower inflation and we kind of end up in a pret ary great world next year. >> i think drirlts stingtly possible, jim. the reality is that employment levels stay high it seems to be a supply world in terms of employment as we've seen the great resignation and lots of movement of people but the reality is have i think consumers are sick of being in their homes. the pandemic is is fantastic in terms of driving millions of people went to their ipads or their mobile devices to shop for the first time ever online and that's going to be sticky as can be because people realize how easy it is people want to get back out, go visit friends and relatives. they want to start knocking things he off their bucket list again. and after being locked up for

two years, i think they want to get out to stores, new cities, new countries. i happen to be pretty positive that consumer is going to stay quite strong it's possible that inflation slows down some categories typically fuel we see that fuel prices go up. obviously transaction size goes up eventually a consumer will adapt and buy a little less gas, maybe get in the car a little less i remain quite optimistic. >> i'm a big apple cash user i just like it they didn't know how easy it was. and i think if you're affiliated with apple, you're with a winner where is your network with apple? we have a great relationship many fronts in the world and we recently announced a deal where

we're taking over the position and apple cash wallet. and we're very excited about the prospect of that the migration has already begun is and i think in the next quarter or so, it will be fully done we work very closely with the team there we've got a team that works with apple, a team that works with us and they were very innovative, company would a great brand and it makes sense that two companies like ours are working as closely as we can together. >> last question i went to cvs the other day. do you still take cash and they thought about it for a second and are ealized that's no longer a strange question. you gave some numbers of percentage of what was cash before the pandemic and now cash is going away faster than you or i ever thought >> digitization of payments is

taking off it is amaze aing we've seen in latin america 56% of all transactions were cash. one year ago and now it's running at 45/46% that's how you change in a year. it's amazing i still think cash is going to be around for a while. people realize cash is a very expensive payment option it costs money etostore it, transport it, count it there's fraud associated with it, etc. you are starting to see esome merchants who are not acis cepting cash anymore i think will be with us for a while. digitization is one of the great themes out of the pandemic and one of the things driving our business for sure. >> i've got to side that visa is the way to digitization. congratulations on an amazing quarter. >> jim, thank you so much. great to be with you

>> absolutely. this is the type of company you can buy and put away that's al kelly, he's money. coming up, it's tough to build evs but are these evs built tough? ford goes all in on the electric f 150 next (vo) some bonds last a lifetime. some bonds inspire confidence, and some you grow to rely on. these are the bonds worth investing in. for over 50 years, pimco has reinvented fixed income to create opportunities for investors in every market environment. so, no matter what happens you can build the bonds that mean the most to you.

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and while there was confusion, it was certainly better than expected ford reaffirmed a full-year forecast, despite supply chain disruption ares and rampant

inflation, company's really doing well and indicated the semiconductor shortage might ease up in the second half ford announced the full product launch for the electric version of the most popular pick up truck and the line is long to get one. that's the long-term story and we we own this big for are the travel trust let's take a closer look at jim farley the straight-shooting ceo. hear more about why he's optimistic for the rest of the year welcome back >> hey, jim, how you doing >> i'm look athyour numbers and not only do i like the better than expected, i like the cadence. looks like things started out slower but by march and hopefully april, things have taken off. >> yeah. for sure boy, do we are have a lot of demand for our product everyone is saying that because they're sold out but we put a lot of pricing in the market and it stuck >> can we try to figure out

where exactly the strength is? we have this internal combustible engine and the ev group. how should we be looking at ford both are on fire but can there only be one winner >>. >> is. >> that's a good question. i would say it has stronger but at ford, we have the bronco, our trucks that are hot. once the second half,ia start to see the brands produce more, you'll see differences between brands on pricing, based on the freshness of product where we're going to be strong will be the utilities and our newer vehicles like maverick and our commercial vehicles. where we're strongest is on our ev products. that's where erwreally seeing ao

of room for pricing. >> i got to get this straight. we keep hearing about the commodity costs. we keep hearing about the semiconductor, the idea there could be demand destruction. in 58 words or lez, can you put an end to all his nonsense >> the premium freight we're seeing it's basically double what weevl are normally seen. aluminum is up, lithium is up and nickel is up and our suppliers, they don't have the ability to price the consumer like we do. so, they're looking for better pricing and accommodations the pricing has offset all of that i believe we're underearning as a company.

and that's going to give us room to maneuver. >> i talked to three of your predecessors and it was always the same conversation, 7:40 in the morning. fill in the blank. you don't seem to be willing to lose money anyway. >> no, we made money overseas. of all the finance this quarter, outside of china, with the lockdown we made money in south africa. in austral and may 9th holy cow, we have haven't made 9% >> should? story be you have 2,000 sign ups for the lightening i think you have 200,000 sign ups because that's only you could make

what would be the number if you could make 500,000 >> i think the running rate, with at the current pricing, is probably around 200 to 300 i just don't know because we're only capacitated for 150,000 and that's the number of batteries we can get but i think demand is higher than we think ourselves i think we're seeing a very interesting market today more than i've seen in my career our ev business and ice business is strong competitively. but ford has to solve a couple problems and that's on me. first is on the warranty and recalls. we launched on time. that's great for lithening we launched e transit on time. we still have more work to do on warranty calls it's very expensive and we got

to get past the chip issue we had a couple of really bad commodities that held up our most profitable units and we think that's an area we have upside in the second quarter, second half. >> i buy my maverick in march of last year. unacceptable, even though i like the area 51 blue color but you're sold out. i understood it. you're sold out maverick and bronco you're sold out of everything. so, that means you got us put a lot of money in to new factories or am i missing something? >> no, that's the case we got a capacity increase going are where maverick is and on soup isser duty and of course our ev capacity is exploding go from zero to 600,000 in the next 18 months we are investing a lot right now but the pricing is very robust because of the freshness in the

line up and we have more cost work to do at ford that's upside for our financial performance. >> when i hear ev and these numbers, i think all the other countries are subsidizing. i know musk, whatever. let's leave musk out of the question for 38 seconds. i look at it and say the government should help it's in everybody's interest for ford to do well, just like it was in 1940 and 1941 when roosevelt said we need your help what i want to know right now is, is the government going to help you get there these evs >> we will see they need help us in three areas. the first is the most critical we are at a deficit verses china and europe on consumer we need help regular americans transition the f 150 lightening is a great truck. we need continuity and support for regular folks and i'm

talking to the government leaders, so are my colleagues. we need permitting, we need to move faster on mining permitting and faster on permitting for processing to move from asia and africa back to north america >> look, i hope they give it to you because it means a lot to our country and ford motor shareholders i know you've had -- get some sleep, man 48 hours a lot of red bull how you doing it is it red bull >> i don't need any sleep. dprrs i just hangout with you and get the same energy. >> ceo of ford trust owns it and wants to buy more. thank you. >> "mad money's" back after the break. wealth is breaking ground on your biggest project yet.

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it is time and can. >> caller: hey, jim, thank you for taking my question it's pertaining to the mining conglomerate >> a good time at one time, not mow. joseph >> caller: i have an energy company for you. products are highly specialized. the type of oil is up, they do well nov. >> nov, the national oil embargo is a fantastic ceo i say yes to that. richard. >> caller: booyah, mr. cramer. >> booyah.

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now that we finally have a decent day, i can reflect on the rise and falloff robinhood, or at least the stock that plunged to $9 today. they had to layoff 9% of the staff. their hay day is over. i'm a huge believer that can create wealth over time. and some of it has to do with robinhood. what went wrong? >> first, there's a problem with the sale i was probably the biggest believer of the robinhood

revolution, even if you didn't get the best execution in retro spect, not enough time spent teaching people how to invest people were using the app to make decisions about stocks that were, from what i can tell, were a merger of think microsoft and that's what i like the teach if you can't analyze the company withb you can lose robinhood made it so easy as possible and i'll be a champion of access blts this felt like a second wave of democratization of the stock market then the pandemic and government stimulus checks. that created a atmosphere where young traiders felt like they were gambling rather than investing and you want the highest risk, meaning options. my old hedge fund, you may not know i was one of the biggest

hedge fund traders in america. i have more knowledge, believe me in june afflast year, the regulatory authority fined robinhood a huge amount of money. the highest line and some of that was from well-known average ares and the bottom of the pandemic they also said robinhood, quote, misled, quote, millions of customers who received false or misleading information, end quote. as well as thousands of customers who are, quote, approved to trade options, even when it was not approp reeriate the customer to do so. now, you might say so what it's their own darn fault but from my experience, i can tell you it's also the broker's fault.

i think many of the people left, not because they were in a hellish moment but because they were using high-risk instruments without knowledge of what led to risk it's very unusual to lose everything when you buy a stock. but when you buy options, losing everything is the easiest thing in the world i asked whether people were trading options and i was told not to worry about it. they also always, always and we had a fourth always, said they were spending a huge amount of money on education if they did, they did it wrong they made the too easy for people to lose money, period, end of story the 1.2 million customers either weren't suitable for the instruments or weren't knowledgeable enough now they've been blown out and they've taken a a huge hit when you're in a brokerage business, you have to do the bear minimum to keep your

clients from blowing themselves up i don't think they're coming back sure, they should have kben better but in my opinion, the good folks could have done more to keep the young folks from hurting themselves too i like to say there's a bull market somewhere i'm jim cramer see you tomorrow energy as a weapon how the russians are coming for our nato partners. i'm shepard smith, this is the news on cnbc a new tactic in putin's war. russia cutting off gas to two nato nations, the fallout felt across the west. a u.s. marine jailed in russia for nearly three years now free >> after waiting all this time, we're going to be able to hug my kid. >> reporter: who the u.s. gave up in return and the questions about the deal. >> we got a standing ovation for the speaker. >> kevin mccarthy faces his go