value? very interesting >> bk? >> if you want to play the rise in energy, exxonmobil, good dividend and they get good spreads. >> dan >> i like carter's charting of the xlp, the consumer staples etf. i would be a sell other after that too. >> thanks for watching "fast." see you back here tomorrow at 5:00 for more "fast money. meantime, "mad money" with jim cramer starts right now. thanks" meantime "mad money" with jim cramer starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there'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 i'm trying to make you some money. my job not just to entertain, but educate, context, call me, 1-800-743-cnbc or tweet me @jimcramer prepare for the worst, expect the worst.

hey, that's been the market's attitude for weeks now as the fed continues raising interest rates to cool down the economy. i know that sounds crazy on the day when the average spiked into the close. the dow surging 932 points s&p was soaring, 2.99% get this, nasdaq rock 3g.19%. but there's always a sigh of relief when the fed does what we expect them to do, even if it's the largest rate hike in 22 years and it could be more of a sigh of relief, but buying, when something unexpectedly positive occurs when steve liesman asked if the fed is thinking of going 75 basis points at the next meeting. talk about prepare for the worst and expect the worst with the market readying itself for another plunge and you saw it abo table. >> buy. >> we were off to the races including those who know and is

paid to be short at every turn this year. it was amazing it was i was watching and thinking all right, it's going to go down what is going to save it the shorts are coming in, the sell the futures. boom. close. case closed. no 75. today put behind us and the 75 basis points hike is no longer ahead of us, i get to go back to earnings season mode even if we got the non-farm payroll report from friday. and for my observations until the 75 basis points hike was removed from the game plan i could tell we weren't getting the pin action that i hoped for when i go bowling as i did just last week. what does that mean? you can't get a 27 or 310 in this, even if like me, you have your own ball and shoes. or put it together another way, before the 75 basis points was taken off the table, you go

bowling, hit the pin and it would fall like a does without hitting the nvidia pin, as if the two in the same business didn't share the same joy of strong waters as they do but we found out that jay would be measured, something i've been telling you all along, and nvidia pops almost 15 out of nowhere. boom right on the 75 basis points if you look at the time cue it's incredible. just when that happened, suddenly nvidia is worth 15 more points it's nuts. but it's how much the market cares about rates versus facts and it's hard to believe because it's just so stupid. one thing that's sure, by 9:30 tomorrow we will forget what powell said about the next meeting and focusing instead on some other thing that is equally as irrelevant. why? simple because people are unsure what a 50 basis points rate hike will do to the economy. starting tomorrow we'll once again prepare for the worst and expect the worst and people talk about how people will buy fewer

homes or cars, whatever, that's what people do as long as money managers are unsure, which they are, they'll keep selling things they shouldn't. today's late afternoon rally notwithstanding, wall street's bias remains negative. i've seen this moment many times in my career, so i know what's going on through the head. i am going to give you a deep dive into their cranial structure and tell you not how stupid they are but how they think. if you think they're stupid, good like first, first there are people who feel that this whole situation has gotten out of jay powell's hands they watched him talk about how inflation should flatten out today and they haven't didn't want to listen because they've made up their mines powell is out of touch, lost it, that he is a stooge. a lackey like paul, who said yesterday, that the lackey stooge fed chief should resign.

these people are sellers of everything after the fed meeting they were grateful, so many others were willing to take powell seriously, give me a chance to ring the register at higher levels these guys see powell as the lightweight so far behind the curve he's made himself irrelevant they think we're in for repeat of the late '70s, keep talking about the early '80s, i traded then, it's different when the fed took rates to the low teens. i bet some of these billionaires who think powell is a stooge has gigantic short positions here although they won't want to talk about them number one, jay powell is a stooge then the second group. they think powell is irrelevant for a different reason between the lockdowns in china and war in ukraine the global supply chain is so messed up they don't blame powell. they see this as a total situation. these guys are wildly -- are wild sellers

now, i'm going to let you in to something, i want to whisper it, just you and me, these are people who fear that russia is going to drop a tactical nuke on kyiv these are people who fear that china is going to invade taiwan, who think that our country is weak and the russians and china are strong they will never say this out loud because it makes them sound like they're crazy remember, this is between you and me this camp is secretly very afraid, wake up afraid, go to bed afraid they think millions are about to die from the mad men in the kremlin unless it's killed and world war iii is here and don't care what jay powell says because jay is not talking about how everybody is going to die. look, other than the predator that everybody is going to die doesn't rash with me can we have those horrible things we can have every horrible thing. anything horrible can happen these people are sellers because of china and ukraine and this.

they are -- they changed the numbers so i have to look around where is my scared it's in here they're scared better pretend i know where the button is. they're scared and don't want to tell you because they're afraid to even tell you the truth. but they're scared then the third camp. these are the people that think that powell must crash the economic plane because the economy is too high. they've got 11.5 million job openings and 6 million seekers while powell can talk, they don't believe he can break inflation unless he aggressively jax up interest rates and wanted 75 and the 1.75, and 2.75. this wants to sell everything in the strength because when they hear kill inflation now, they take it to mean kill the economy now. they want 1,000 basis points and they want him -- they want anything they are pulling for a crash landing. stooge fed, scared to death

camp, pro crash landing. right there you go then there's my camp i don't know how about this i'm the constructive camp. i think the consumer is strong jobs are plentiful i think powell can raise rates reasonably in a decent time frame and do a great job and prices will come down, autos get expensive. funding gets expensive so we won't have a car shortage and too many used cars, some of the used car dealers go under. want to borrow money to start a business and it's reckless you might not get the money. plenty of people who leave the stock market because they need the cash but i think leaving the market is a mistake because powell happens to be an incredibly thoughtful, good, public servant who is doing amazing for example, he did take off the possibility of 75 basis points triple rate hike off the table, right. in my camp, we respect his

judgment, and his knowledge of history. so we take the stooge off the table. in my camp, russia backs down because we send is the ukrainians better weapons than they have and china decides to stop starving its own people in my camp there could be no necessary crash landing because he doesn't want one. during this period we have to watch how individual stocks behave we can't trust prices because we nef know when someone else might be joining one of these three other camps because of the overheated economy thesis. they probably sold on the rally today, they will sell tomorrow, because this is who they are if you're in my camp you own stocks here because there are plenty of companies that can do well, even when bearish turn out to be right. if you think we're in for jimmy carter era inflation buy the oil stocks like i talk about, members only, if russia and china are driving us towards a

dangerous world, buy the defense stocks they were on sale today. lockheed martin, palo alto networks fed mandated recession, buy the food and drug stocks my camp, you buy good companies. like amd like an nvidia you buy the banks. they're going to make more money off you. get the 310 spare, might hit the strike this is what happens good things. good things can and do happen. the -- remember banks get more profitable when the fed raises the short rates and the banks continue to pay you pennies. by the way, you buy tax, only profitable please because the money losers aren't going to make it to the promise land. the bottom line, let people who think powell is in over his head, the people who are scared to death every morning, and let the people who think that he's a fool and has to crash land, get

out. let it leave all the good stocks to us. richard in california. richard? richard? >> caller: good afternoon, jim i'm calling from palm desert my question is, qualcomm, you had the ceo on a few months ago. i got in a little bit high i know today was a good day for it, as the rest of the market was, but what do you feel about the future >> just won the vw contract, probably the biggest in the world for electrifying and the gm deal. the stock selling 11 times earnings, going to be a gang buster quarter he's one of the smartest people i met and the stock belongs at 175, not 145, why i bought the heck out of it for the investing club remember, remember, remember, okay, let the people who think powell is a stooge, get out.

the ones who are scared to death, get out and the ones who think it's going to crash, get out. you and me, let's stay constructive "mad money" tonight, gxo logistics, reported first quarter results after the bell, breaking down the numbers and revolve plummeted. i don't think that makes sense i'm an influencer and learning more from the company's top brass. finally clorox, hey, you know what, don't drink it, just buy it stick with cramer. don't miss a second of "mad money," follow @jimcramer on twitter v a question, tweet cramer, #madtweets send an e-mail to "mad money" at madmoney@cnbc.com. give us a call at 1-800-74cn. 3-bc miss something head to madmoney.cnbc.com.

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♪ we have company after company complain about higher supply chain cost, came up with the fed, the logistics stocks have been awful performers this year gxo logistics, outsourcing business, just last year, stock started trading at $60 jumped 105, mid november since then back to the low 60s nothing really changed with the underlying story tonight, gxo reported another impressive set of results. 8 cent earnings, 51 cent basis, inline sales, better management raised full year organic sales growth from 11 to 15%. given that stock sells for 22 times earnings could this be enough for gxo to get its groove back malcolm wilson, the ceo of gxo logistics to get a read on the

quarter and where the company is headed welcome back to "mad money." >> thanks for having me back on the show, jim. >> so once again, malcolm, it's driving me crazy, i think your stock had absolutely nothing to do with your business. i mean, when it went up it made sense. you're solving logistics problems went down, didn't make sense, because the market hates stocks. the gxo thesis of you being able to help a company with their logistics is totally intact given this quarter, correct? >> absolutely. absolutely jim, you know, in the quarter, what we see is consumers are confident, the spending online, they're back in brick and mortar people have gone back in the shopping malls and for gxo, we're seeing that a stellar level of organic growth. 19%. a record for our business. lots of new consumer contract wins, implementations.

it's been an outstanding quarter and that's the reason we've raised our top line guidance for the full year. >> i'm a company that's got -- i hear, i complain, my spupply chain is bad, can't get this to here, my shipping guy says see gxo, what would gxo say? >> we'd be delighted that's what's happening with so many customers that trend we've been seeing for the past few years, exactly what you've just outlined, jim. more and more big organizations are seeking to outsource their logistics. they're seeking to take the benefit of organizations like gxo, where we bring innovation, we bring technology, and enable the workplace, enable the work, warehousing space and that's bringing efficiencies, high gefls of quality and more safe for the workers in the warehouses team as a win-win environment. in the end the consumer is benefitting. >> do you say sometimes, look,

this is -- we better do truck than train, better to do ship than truck do you try to tell people, look, maybe you're not doing it right. this is the cheapest and fastest? >> yeah. absolutely our customers come to us normally with a huge amount of data and knowledge and experience of their business we take all of that information, we analyze it in great detail. we use all of the experience in our company, all our team members, we put together a solution invariably nowadayses that involves a lot of automation, about 30% of our warehousing stock, over 900 locations are highly automated we've redesigned the supply chain problem, the warehouse environment and that's what brings all that efficiency, high level of service, to the customers and that's really important today. >> all right now amazon came out on their conference call and said basically they had over hired, too much infrastructure, maybe

too many warehouses. is that an opportunity to figure out what to do with the excess >> warehousing space is still at a premium. manufacturing development is not yet caught up with demand. i don't think there will be any hardship in filling up those warehousing spaces for us, we're a big user, one of the largest real estate users of warehousing space on a global basis, and so we're conserving lots of warehousing space. >> now what happens when you send someone to xpo, your -- i guess your partner, but your -- you guys were together a long time would anyone say, all you're doing is sending me toward brad jacobs, that's not right i want the best rate >> you know, listen, that's part of our dna we come from that heritage we like that company very much

it's a good company. but people want to work in gxo they see that we have created a great place for people to work you know, it's really important when you're trying to attract the best talent and that's the name of our business for all of the high levels of automation that we deploy, people are still the main asset that we use in our business great place for people to work is super important and we work hard at doing that and listen to our team members it's a constant effort for us and we're very pleased to do that it helps us tremendously >> now, i know i'm not sure whether you can mention a specific win, i was hoping like i got a razor company, basically this is where you get told, look, we have a direct to consumer business, we're not sure how to handle it and you say, don't worry about it, gxo will take care of it >> absolutely. and that's the hallmark of our business that's why we're so busy as a

company. you know, our sales pipelines, that's the business that we know is likely to be one thing in our warehouses, later in 2022 or '23 or '24 they're consistently record highs for two quarters, over $2.5 billion. of sales pipeline. that's amazing that's what's giving us confidence about forward trajectory we're always pleased and delighted to help our customers. they like working with us and giving us more and more of their business excitedly more organizations, never outsourced until past, are coming to gxo and helping us to help them solve problems and we're delighted to do that. >> look, as long as i keep hearing there's supply chain problems i want to start thinking wait a second, do you think that there's nothing you can do go buy gxo. i want to thank you, malcolm, ceo of gxo

the fact that the stock has nothing to do with the earnings, which does nothing but go up great to see you, sir. >> thank you for having me on the show. >> once again, this is what i'm saying the stocks have divorced themselves from the company. you hear supply chain problems, here's the supply chain stock. right now you say, wait a second, nothing to do with each other. that does not last they eventually do come together talking about that tomorrow on the cnbc investing club meeting at 12:00 "mad money" is back after the break. as the retailer gone out of fashion on the wall street fashion show cramer is talking to the company after guidance sent the stock plunging next.

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plunging on a strong quarter and you got to wonder what is wrong with the sellers take revolve, the online retailer like a digital department store these guys reported excellent quarter, the clean top and bottom line beat with 58% sales growth and strong operating measures across the board. the stock got crushed today, down nearly 15%. why? management pointed out they have tough comparison coming up which means the growth rate is going to slow, to which i say duh. the law of large numbers the reality of year over year comparison first quarter of last year people were staying home to hide from the pandemic. there was no reason to shop for nice clothes second quarter when people started getting vaccinated on mass, the growth won't look as strong by comparison, but thanks to today's monster decline in the overnight increase in the earnings estimates the stock has become cheaper could it be a buying opportunity. let's take a closer look with revolve group's brain trust, mike karanikolas and michael

mente. they're the two co-founders/co-ceos. welcome back to "mad money." >> thanks for having us. >> mike, to you first, i am concerned that several times in the conference call people were saying you had an unbelievable quarter, why would you possibly say that 30% for the next quarter is right, when the momentum you have is so good i want to get that off the table. i think that's what drove the stock down maybe it drove it down inc incorrectly. yeah i think so we communicated that comps were going to get tougher in the second quarter and growth was going to go down on a comparative basis. three-year comp perspective we're doing fantastic. almost all of our metrics are all hymn high, new customer ads, our stickiness with customers in terms of per active customers. we're feeling great and think the customer is feeling great. it's a tricky comparison when comparing to a period where people were still in a pandemic

mindset in most of q1, to q2 where people were getting back out. michael, your model, i love your model. my wife is in business like your model. we're looking for influencers and people who love it the people who talk. people who basically think that revolve is a great thing not unlike my daughter, by the way. i wanted to know whether the model still works in a post-pandemic era? >> oh, the model works incredibly well. our game has evolved i think one thing we've seen is that influencers are broader and more important than ever we've been strong with instagram influencers and now the emergence of tiktok that opens up a new avenue to connect to our consumers. by all metrics with revolve, tiktok didn't exist in a meaningful way, last time we had a revolve festival, leaning into that has been incredibly valuable for us to reach our consumers and really effective

ways and emotional ways and cost effective ways as well. >> i have to tell you, i want to know why we don't have one say in east hampton or one in miami? these are big events and people want to go to them, but they're in the west. people in the east, i know, are just begging to go to one of your festivals. >> that is something that is a definite very much a possibility. the festival was just a magical experience i had the time of my life. i think everyone had the time of their lives, a special moment after so many years of not having these experiences i think everyone appreciated it like never before. more to come for us for sure and we will be on the east coast in the back half of this year. >> mike, one of the things i was bummed out about, i have been adamant that people have to be buying stocks of companies that are profitable, even new or old, they're profitable, that have a feeling that it's important to grow and make money. your free cash flow is

extraordinary. it's nearly five times in three years. why do people not understand you are not just another money losing company in the apparel business that came public during that is period >> yeah. i think our long-time investors understand and are big supporters of us it's a matter of getting the word out to more investors out there. there's some traders that will push the stock up, push the stock down, reacting to small trends in monthly momentum, but if you look at our track record, 0 years of profitable -- 20 years of profitable growth, groeg every year, profits every year but 2008, we're different from other companies out there. >> these companies, mike, they're online and suddenly feel they've put stores up and to me, what that says is, they have no faith in their model they'll tell you no, we have to return, we want the presence on the street is it the truth if you're doing what you're doing with the two great brands, off lot of other ideas, it's -- to have brick and

mortar >> 100%. we think long term there can be opportunity there, but we have so much going on in our core business 58% growth in the first quarter alone, record new customers. we doubled our increased -- nearly doubled our increase in active customers from a previous record we set a couple quarters ago. there's no need to get into other avenues. long term, might be a possibility, but certainly not for us now. >> excellent mike m, you mentioned tiktok i watch reals too. what i'm seeing done with my 13 pro looks better than on my tv or online. doesn't that make it so the resolution and the visibility ability what you have, michael, is even stronger now than ever >> more than ever for sure the resolution, the quality, the app production of video so much easier than in times past and not just quality, but the intimacy with, you know, the influencer, with the tiktoker. the connection that consumer has

that really communicates our message in strong ways i don't think other channels enable you to do. i think our strength in the influencer market and production and emotional message we're communicating is getting across and shows in all of our metrics. >> michael, if you had the ability to have the money to build a department store on fifth avenue, or throw the -- whatever that cost, throw parties that equal the cost of that building, what michael, would have a better return on investment >> definitely throwing the parties just because, you know, as busy and amazing as fifth avenue is, there's not billions of people walking down the street and i think what we're able to do is get billions through social media i think that's already proven and already really clear, the better way to go from our perspective. >> that's why the stock should have been up, not down plain and simple, what should have happened, didn't happen mike karanikolas and that's

michael mente. thank you for coming on. you're the new world i don't care i know this because i have my eyes open. others seem to have their eyed closed "mad money" is back after the break. clorox's products have a place in your home but after reporting the quarter, does the stock deserve a place in your portfolio? cramer in checking in next. join the cnbc fantasy stock challenge and get 100k in virtual bucks to play the game, create your virtual portfolio, track your progress, trade to win and play for free. go to cnbc.com/stock challenge now. door, and move on your schedule. yes! when life's doors open, we'll handle the house. (all): all hail, caesar! pssst julius! you should really check in with your team on ringcentral. oh hi caesar.

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♪ sometimes better than feared is all you need. exhibit a is clorox. the consumer packaged goods

powerhouse that reported a decidedly mixed quarter monday night, saw the beaten down stock make a tremendous and worthy comeback normally at this point in the bias cycle they would be recession proof stocks these days we have a problem, most consumer product companies are being eaten alive by inflation. the stock has been an awful performer and wasn't much optimism going in the quarter and people were short it then clorox reported numbers not great or even good, but were not enough to turn the stock around. the gross margins were crushed, down 760 basis points year over year they saved shaved 20 cents off the full year earnings forecast. the gross margins better than expected in the previous quarter. overall, clorox delivered a 39 cent earnings off a basis, higher than expected sales and announced another round of price increases for july which should help with the margin compression. the stock opened down a couple bucks yesterday, but it reversed and finished up 3% today tacked on 1.4%

a lot more room to run, especially if the fed can quickly kill inflation don't take it from me, dig deeper with linda rendle, the ceo of clorox. welcome back to "mad money." >> great to be here, jim. >> linda, point blank, i mean you returned a growth. i know a lot of people were saying well, you know, be careful. i like growth and you've got organic growth and there's no reason why your stock should have to bear the pain of a company that's shrinking you're not tell us about it >> yeah. we're really encouraged, jim, to see the continued strong demand from consumers across our portfolio and that's certainly translated into top line results this quarter for the first half of our fiscal year we were lacking 27% sales growth in a year-ago period. this quarter as we happened a more normalized environment we were able to put organic growth on in three out of four segments, the vast majority of our businesses and three grew in double digits. we were able to grow market share.

we feel terrific about the demand consumers have for the portfolio and opportunity to continue to grow in the future. >> you do ascribe some of your growth to somewhat etherial concerns i'm going to lay them out and you tell me why these translate into dollars bedrock, of leading brands, purposeful and targeted participation strategy, discipline in the dna and believes in the link between its impact on the world and long-term value creation for shareholders how does this translate and how do we know that's why people are buying >> yeah. jim, the most important thing that we manage are our brands and they are incredibly strong with the consumers we're in nine out of ten u.s. households our brands are deemed superior by consumers 75% of our portfolio is deemed superior by consumers which is a record high for us what that means, these brands are household essentials they need to run their everyday lives and are really great value for them that enables us to invest in innovation and invest in our brands through great marketing

spend in addition to taking the pricing action to recover margins over time. >> july comes around, you put the price increases, maybe the fed tightens too much, does consumer say you know what, i don't need glad bags or renew life i can go with generic glad bags and i see these other guys that got some junk that's probiotic does that happen >> we have a long lift of giving that superior value to consumers and we would expect that to continue even in a period where the consumer is under stress we've seen that in times where we've experienced recession before in 2008, our categories were resilient and we grew the vast majority of our brands we feel confident in our ability to continue to attract consumers, give them innovation and superior value they crave and we believe they will choose us based off of our brands and brand superiority. >> i love cats why do i get fresh step? >> you better get fresh step

outstretch because it is one of the best liters on the market. in addition, it's a sustainability win, so it's a concentrated liter and allows a consumer and you, jim, to change your liter box less frequently it's more convenient beshgs for the environment and great value. >> do they like it >> the cats love it and people love it. what's -- that's always important. we want our cat friends to love whatever we put in front of them. >> i have finicky ones the disinfecting mist. tell me about that >> the disinfecting mist was part of our journey of how we help people ensure they have the environment around them that are clean. we've had a long growth way in our business and this is another foray into a convenient form it's off to stroong start and the wonderful part it's not only a great disinfecting experience but another sustainability win for the consumer as it's a refill model and something we can invest in for years to come. >> and are your people who come up with sustainable ideas

getting the pay increases we like from clorox >> absolutely. you know, sustainability is built into the dna here. we've had a long belief that societal value is absolutely tied to how we deliver shareholder value and our teammates feel incredibly passionately about the purpose of our brand and delivering on our commitments as a company. >> you have something that you're eyeing right now that would be another group or maybe fit into one of your categories? because what i always like about clorox is that you'll come on and there will be something that i really like that's now part of the clorox family you will fix up and make better are you always on the lookout? you have the cash. >> always looking, jim, absolutely you know, the first place we always want to do is invest in our base business and we have places our brands we already own can go and proving that with innovation we're always open to looking across the environment and seeing are there other brands we could bring in and leverage our world-class capabilities to grow. >> when i fly united sigh it's cleaned by clorox.

i always say, i don't need the thing they give you because it's cleaned by clorox. i never saw it anywhere else i want my stadium cleaned by clorox goy to a stadium, one of the dirtiest places i go, if i saw clorox i would feel better i like the clorox name post pandemic why aren't more companies partnering >> we've got lots of partners and more interest. united is a great example of a partnership where they are a commitment to safety and our commitment to safety matched up and we were able to deliver the consumer experience where you can be reassured when you get on a united flight i will be reassured when i get on my flight tomorrow with united and we're doing that where we're offering the consumer a better value and businesses the opportunity to leverage the clorox brand to ensure that space is clean and disinfected and consumers know it. that continues to go well for us, and we see that as a strategic growth runway moving forward. >> my wife carries the disinfecting wipes everywhere.

and before she sits down on the plane she wipes it down, even if it is united that was a habit she did not have obviously before the pandemic that's never going to change that is her new habit. how many other people are like my wife? >> lots of people are like your wife who have realized they want to control the environment around them and so we've launched a lot of packaging opportunities that allow consumers to do that more conveniently not just in the canister but flat packs and smaller packs to put it in their bag and control the environment around them and we continue to see people even as we move into this endemic phase, continuing that increased cleaning and disinfecting behavior. as a result, we have a larger business than we did prepandemic. >> we had brian on last night for airbnb when we go into an airbnb we always expect to see the wipes now it's just -- it's the sign that they care i wish the hotels did, but it's a sign that people care because you have a great brand and everybody trusts it. i'm glad you had this quarter. the breakout quarter for organic growth and i think there are

going to be more linda rendle, ceo of clorox, congratulations. >> thanks so much, jim great to be here. >> absolutely. guys, 3%, got the growth back. clearly know what they're doing. best brands. linda rendle from clorox pl "mad money" is back after the break. >> just chill out. >> the chill master. >> he's in the house and happy. >> the lightning round is coming up when "mad money" returns. check out this vrbo. oh man. ♪♪ come on. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪

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lightning round is sponsored by td ameritrade hold it. before we get to tonight's lightning round i want to invite

you to join me tomorrow for our monthly investing club meeting it's going to be informal and punchy we'll be doing it starting at noon this time do not miss it i am promising you a show of shows. we're going to dig into the wild market together, make a plan for, you know, something that we can maybe -- and now it is time, the lightning. the lightning round is over. are you ready? the lightning round. going to buy i'm a buyer. >> caller: hey jim, long-time follower and investment club member i have a question for you, health getting ready to split, buy, hold or sell? >> you have to buy we wanted to buy more today and we ran out of time this is being put on sale. shorts all the way down. it is ridiculous i wanted to to buy a huge slug that's how i feel for the trust.

i'll mention that tomorrow jeff in arizona. >> caller: boo-yah, jim. following you since your first book >> whoa. i should write another. >> caller: you should write another. >> i think i will. >> caller: my question is on acnr, accenture. >> they crushed that stock the business is fantastic. they had a great quarter i'm saying to people buy, buy, buy. to jeff in ohio. jeff >> caller: yes, sir. this is jeff from ohio calling about the stock celu >> right near where i live and one of the higher risk stocks out there. be prepared to lose everything, but otherwise make money if it works out. go to gilbert in tennessee >> caller: boo-yah from memphis, jim. >> how are you >> caller: great my stock is manulife. >> they take on too much risk. i'm not there for the 5% too much risk in the common stock.

to jeff in florida jeff >> caller: hi, jim hey, i own a quite a bit of marvel and i like the stock, i want to keep buying more of it >> well you should i mean, this company has two businesses, high performance computing and 5g we know that those are the two strongest areas that has no pc business, no gaming. marvel is the stock that we've been buying, buying, buying for the travel trust and i think you should do so too to michael in south carolina michael? >> caller: hello, jim. >> michael. >> caller: thank you for taking my call. one of my favorite dividend stocks just reported record q1 earnings, positive guidance for the rest of '22, strong balance sheet 4.5% dividend year can iron mountain climb much higher from current levels >> wlafs the stock i iron mountain.

>> buy, buy, buy. >> the conclusion of the lightning round. >> the lightning round, is sponsored by td ameritrade. cramer's got a latte to say about the latest commentary from starbucks' top brass he's brewing up his take next. take control of your financial future, with the new madmoney.cnbc.com. cramer's ceo interviews, full episodes, analysis, even your own sound board. plus, special access to "mad money" 101 with rules and techniques to break down the market for all investors. >> the red flag that makes me drop a stock immediately. >> everything you need, right when you need it the new madmoney.cnbc.com.

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next, new siliconurveillance for the manhunt in alabama am bir heard takes the stand in johnny depp's defamation trial. >> the facts and news, with shepherd smith next cnbc. let's say you come to me a couple days ago and ask my thoughts about starbucks i thought it was a well run company. i'm addicted to my triple cappuccino always have a good time. yesterday's conference call i listened to founder and ceo howard shulz rebuke the team talking about how the company is falling behind let me read it to you. quote, looking ahead, try to imagine thousands of vastly more

productive and efficient starbucks stores reconfigured to align with today's customer behavior and build around technology to deliver increased speed of service, improve labor management and reduce costs and elevated partner and customer experience end quote. now if you haven't been following this starbucks story, the previously ceo kevin johnson had been doing a good job in most of the areas where the company operates we found out they had 12% same-store sales growth in the u.s., a number that happened under johnson, not schultz sure, china was awful but they got rolling lockdowns there. not like anything a ceo can do. more importantly, johnson was brought in from juniper networks he had been on the board of starbucks, but from juniper a tech company to try to figure out how to make the stores work better automate the stores. maximize the food input. he did it brilliantly. they've had a couple stores

unionize, but that's not a starbucks specific problem we've got ultralow unemployment giving workers leverage across the economy hence the sudden resurgence of the labor movement, not just at starbucks. putting aside the nine companies issues, i think kevin johnson deserved better. he did an excellent job and while schultz put a stop to the buyback something shareholders didn't love. maybe coffee and service will get better, but i didn't realize it was bad in the first place. maybe i should have been going to dutch pros. i don't blame should for being unhappy about the unionization the more entrenched the union gets, the less he has over the stores is this happening because ken johnson was out of touch schultz seems to think so. i beg to differ. so many lost their way during covid while starbucks became one of the winners it's popular blarly in the afternoon because out of nowhere, and that's beyond

schultz or johnson, afternoon cold drinks became one of the beloved offerings. i do think kevin should have realized the digital payment system discouraged tipping that was a blind spot to be solved the aggressive buyback was too big for the balance sheet to handle once china went down in shutdown mode. we're told starbucks was poorly run. i balk at that putting everything else aside, no one can say kevin johnson compromised the taste. their coffee held up, something i was worried about when a tech guy took the helm. the truth is a little more subtle, nuanced, complicated howard schultz built the business, and he has every right to make things better but there's no need to be so dismissive of johnson who got dealt a tough hand with covid. the baristas had to work different hours, some hit hard by the virus, shift around all over the place, this person there or that there. johnson juggled everything well.

today we saw his last quarter on the job and it was good enough to send the stock soaring nearly 10%. so maybe the guy deserves a little more credit i like to say this always a bull market somewhere, i promise try to find it for news with sheparh starts now one question to the fed chair sent the dow soaring we talk to the man who asked it. i'm shepard smith. this is the news on cnbc >> the fallout from the supreme court leak on roe v. wade. >> what are the next things that are going to be attacked >> the new polling on what americans want and how big companies are reacting to pressure to take a stand >> it is essential that we bring inflation down >> so borrowing just got more expensive. >> first half a point rate hike we have seen since back in 2000. >> what the increase means if you want to buy a home or car, and what