like apple and tesla buying a put spread in both names. >> mike khouw. >> if we're nearing an intermediate bottom with, just to put a little bit more on the downside xli diagonal put spreads. >> "mad money" with jim cramer starts right now. week 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 is always a bull market somewhere. and i promise to help you find it "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job is not just to entertain but do a lot of teaching here so call me at 800-743-cnbc or tweet me @jim cramer i know that there have been more spark. we even rallied at the end of the session. gaining 9 points as we inch up

.1% and nasdaq sinking 23% but that is not tell today's story it is tough to enjoy the bounce because anyone who trusts in a rebound is mauled by one of the most vicious bears i've seen that is how you get seven straight weeks of losses you're never going to 2001 days before we find something this terrible at some point you think the sellers would say enough already, all right but that could take a long time. this is not my first bear market however, this is my first bear market where many companies are doing incredibly well and corporate earnings and balance sheets are in great shape, and it is that brutal disconnect, the come uppence that we had going into the top list that makes it so difficult to believe how bad the market is and that is why i say let's get this over with the fed needs to raise interest rates rapidly and shock the system and preserve the value of future earnings by tamping down inflation. and the worst is that i could tell you there would be an a moment in the fed acts decisively and the sellers say

enough, i've sold everything that needs to be sold and need to you be in the market when that happens until then, what happens in a real bear market like this one is that every time you start to suspect it might be over, as you did say at 10:00 this morning, you are lured into the bear cave and torn to pieces and the bear throws you out at end of day so will next week be one more or does today's bounce start a reprieve that is the theme of tonight's show there could be no sustainable rally until inflation is ripped offer by a series of large aggress of rate hikes. whatever it takes, that ideally stops short of creationing recession. until then this action is slim with it would we mount a significant recovery if either russia withdraws or china opens up you would even need one of those. and with that preamble let's look at what is available and make some decisions about next week

on monday we hear from zoom. signaling that the bear market when it collapsed last year. the sensational gentleman who p pioneered zoom when it took it to $588 in october of 2020 and it has been downhill ever since. what happened here zoom once a pioneer is now the eight track or beta max of the current era. failing to develop anything beyond that the knock out competitors like web ex or microsoft. until zoom comes up with something game changing to augment their business, the stock is dnr, which means in hospital terms do not resuscitate. tuesday prepare for some post traumatic stress because we have retailers. best bay starts with what everyone expects will be a best quarter. this is too grim to tempt fate by trading at 7 times earnings is a growth stock. that is crazy low. which is not crazy love. and also it also yields 5%

but anybody who buys anything of late feels brainless you want a winner, i suggest you head no the zone, auto zone. this auto parts chain buys back the own stock faster than the bear could bite it with new cars, supply chain and omicron, semiconductors, sos, auto zone crushes it tuesday night is going to be the -- it will crystallize all of the things i'm talking about because toll brothers reports and it is a good example, their a fantastic home builder that has deliver a mig nif sent set of numbers last year and since then the stock has shed a fifth of its value. it is even cheaper than best buy selling for less than 5 times earnings they think the earnings will be cut in half if not more. now how about this wednesday's nvidia core holding, a travel trust which you could follow by

joining the cnbc investing club and i urge you to do so. the action ahead of this quarter has been hor end usa, creating the impression that nvidia is going to report -- at one point it was down $14 when i talked to jeff my partner, how bad do you think it will be i just don't know if anyone will care any more. next up, what did williams sonoma do to cause the stock to be cut in half since november. here is what incredible. nothing. this thing trades at seven times earnings pretty insane and i bet the ceo has to be screaming mad. she delivers quarter after quarter and still sees the stock shrivel and in the end of the nationwide home office buildout. the consumer is traveling now. that is good they need a home office at the next place you're staying at i think she's good i think the stock cut in half is too much thursday morning starts with macy's five times earnings. means that professionals think

they're going to miss it by a mile like kohl's yesterday. i feel things are not falling off the cliff at macy's. if you listen to what target had, what they didn'tsell, wha didn't work macy's is filled with what didn't sell. today ross reported last night that was so off the the mark that management started the call by howing howe disappointed they were in themselves and blamed ukraine which made me disappointed in them the doppelganger is punished by association. the tgf did just fine. it might be a buy. but then the lights went out you could see better than ever that's mazing how costco the stock has turned into a huge underperformer and the costco the company couldn't be doing better but you invest in the stock and not company. and while i like to think that earnings matter, the sebctor is so hated that anything less of a monster dividend and buy back

might not be enough to help the stock. friday with a incredible shrinking stop of canopy growth. if this stock is going near the price where it traded, canopy needs national legislation promoting the use of marijuana like when the lights wend out. they need a cannabis conservative corp. i'm sparing some company that are in real trouble. i could have devoted time to dollar tree. but they need us to send us some 50 cents merchandise i didn't mention gap, but dangerous. now that we're down nearly 20% from the high and traded there intraday, we could only say the highs were not inflated an not worth considering we need china to reopen and russia to withdrawal from

ukraine and the fed stomp inflation with a 100 basis point rate hike. only one of those three is within america's control and in indiana, ann. >> caller: jim i feel like grateful club member it is good to hear you voice. >> thank you i'm working all weekend on club. all weekend. what is going on. >> caller: i know you do so, as a club member, i'm about 11% in the energy stocks in a couple of them. and i saw your off the chart segment, am i too late or greedy or other wise to buy some deep in the money calls on devon. >> well remember, i want you to get that dividend in the call owners don't get the dividend. i think the dividend is going higher and that is -- and the best i could do is thank you for being in the club which is sensational. devon has been a big win for us and it will continue to do so. why don't we go to richie in pennsylvania >> caller: jimmy, how are you

doing. >> good. check in with you. >> caller: first, i commend you. powell needs to raise the rates. >> yes, he does. the average person cannot afford what is happening at supermarket. he has to go to the supermarket. >> caller: i agree with you. my question is, american express, i've been getting offers for years 0% for a year. how am i making any money. >> the car business has been fabulous for them and i think the stock is a buy because people are traveling again and steve said if you go back and watch our steve interviews it is the card itself making them a huge amount of money and that is why i've been recommending the stock but nobody seems to care but thank you, richie and have a good weekend now look, if we want the market to stage a meaningful comeback and if you stick with us you'll hear how technically had could happen we need china reopen and russia withdrawal from ukraine and the fed to curb and stomp inflation. no fool around

100 basis point rate hike, shock so the system. one of those three is within american's control tonight, [ inaudible ] talking to the ceo and then i was looking forward to the retail this week and that was wrong. i'm taking a look at what happened it is kind of a -- let's just say an autopsy and after weeks of pain, could the bottom be in sight and i think it is pretty compelling so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something ado dmeyc.m.co

i may be close to retirement, but i'm as busy as ever. and thanks to voya, i'm confident about my future. voya provides guidance for the right investments. they make me feel like i've got it all under control. [crowd cheers] voya. be confident to and through retirement. hey businesses! vyou all deservent something epic! so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like one's that re-opened! hi, we have an appointment. and every new business that just opened! like aromatherapy rugs! i'll take one in blue please! it's not complicated. at&t is giving new and existing business customers our best deals on every iphone. ♪ ♪ zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, which saved investors over $1.5 billion last year.

that's decision tech. only from fidelity. this is xfinity rewards.

our way of saying thanks, with rewards for the whole family! from epic trips... to jurassic-themed at-home activities. join over 3 million members and start enjoying rewards like these, and so much more in the xfinity app! and don't miss jurassic world:dominion in theaters june 10th.

at the end of what we know is a brutal week except for last 15 minutes, we're in full doe fence. not ragion, it is recession-proof names. that we talk about all of the time steady growers utilities do just fine in the slowdown take dominion energy that has some regulated electric business with a natural gas pipeline and liquified natural export terminal in maryland and a growing portfolio of renewable power projects you get all of this for just 20 times earnings i know that sounds high but not when you get safety. because it is a 3.25% yield. there is reason why they are up 5% let's check in with bob blue, the chair and ceo of dominion energy welcome to "mad money.

>> jim, thanks for having me i appreciate it. >> before we get started tell us about your day today and nuclear power because we're huge fans on a clean energy that works that may be about to have a resuscitation in the united states >> yeah, i think you're right, jim. we have operating plants in virginia and south carolina but today i was in connecticut, the secretary of energy jennifer granholm was there to talk about the value of nuclear to carbon free reliable electric grid. and for us those terms are important. we want to provide reliable electricity to our customers that is what they care about the most and the great thing about nuclear is in addition to being ca carbon free, it is a work horse. the plants run 90% of the time and we could counts on them to provide elect on days like today it is hot and it is going to be that way all weekend as you know. >> now these small modular

machines, these incredible little machines that they're doing in canada and poland, can we build them here >> i think the answer is probably yes we can build them here and certainly our company is looking at that opportunity you're talking about the advanced small modular reactors. it is not the big ones like we operate today. smaller scale. as the name applies -- suggests. modular construction and reduces the construction risk. allows for some scale with that kind of manufacturing. we think there are a real opportunities for that that is definitely something that our company is looking at and if it pencils out for our customers we think could be a clean way to provide energy. >> and secretary jennifer granholm will have to get some help because it is too costly right now. but it would be a game-changer for us meanwhile, may i just say, as we start to talk about dominion, that i was a huge fan of the

late tom pharrell. austy great man. >> we all -- we all were, jim. it was a tragedy that he passed away a tragedy obviously for his family he was very close to you but for his dominion family as well, we just announced earlier this week that we're naming our downtown corporate headquarters in his honor, which is very unusual at our company because absolutely something that he deserved and that our employees support a great deal because of the kind of leaders he was for our company and the industry. >> and he complained to me, he was the first one it that explained liquified natural gas and he was going to turn it into something that was good. i was very skeptical he did it and then he also explains how you could have the lowest cost cleanest power and it will bring including the west coast tech companies to your area does that continue to happen after the unfortunate passing of mr. pharrell

>> yeah. it definitely will continue to happen and he taught me more than i could possibly recount to you. be wee see strong data certainty growth at our company. it is by far the fastest growing part of our electric load. we expect it to continue for quite sometime so we're going to need new sources of generation and those companies are asking for cleaner sources we're happy to provide it we think we could do it in a cost effective manner. >> now you have a thing called the cash carbon right program. how come my utilities don't have that i think there are a lot of people that would like to be part of it. >> it is a opportunity for our natural gas customers to completely offset their carbon footprint but -- by $5 a month purchasing offsets that the natural gas that they use at home, the carbon output of that is completely offset it is very effective cost effective for customers we think it is an opportunity

for customers who want to do that to reduce their carbon footprint and it is one of a host of programs that we have to help our customers reduce their energy consumption, make it cleaner, while we're also making our generating fleet cleaner. >> it is not fair enough to inject you into a debate but it is not incredible that if you and your dominion energy plan including nuclear, including carbon, where germany's plan, the world would not be in the fix that it is in right now. >> yeah, i'm definitely not going to jump into a geopolitical debate. i'll leave that to others that are smarter than i am. we're focused to continuing reliable and affordable service to our customers that is sustainable. that is what we thant us to do we expect to be able to do that. >> but you would admit that you're mosaic of power is cleaner than others and

therefore you didn't need to decommission nuke, you didn't need to be able to make it so that you couldn't offset that natural gas that happen be produced in a foreign country and if you do your darn best and that is all you could do and if you get ahead of it, you might have a unreliable grid. >> no question about that. and the nuclear contribution to our clean energy portfolio is substantial. as you know. so if we tried in this country let alone at our company to stop operating our nuclear power plants, there is simply no way we could achieve decarbonization goals wext a goal to be net zero by 20506789 we need to continue to operate the nuclear plants that we've got we do it safely. we do it reliably and we do it very cost effectively for our customers. >> that is one of the reasons why when mr. pharrell was alive we said to people, what should we own, and i said dominion,

dominion and i'm so glad that i could continue to say dominion, dominion dominion thank you for coming on "mad money." >> thank you keep saying it jim. we love to hear it. >> i will. "mad money" is back after the break. >> coming up walmart and target may have issued a one-two punch to the brick and mortar earnings parade but is there hope elsewhere on the retail roster? find out, next

wealth is breaking ground on your biggest project yet. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. ♪ ♪ wealth is watching your business grow. worth is watching your employees grow with it. ♪ ♪

at adp, we use data-driven insights to design solutions to help you manage payroll, benefits, and hr today, so you can have more success tomorrow. ♪ one thing leads to another, yeah, yeah ♪

♪♪ age before beauty? why not both? visibly diminish wrinkled skin in just two days. new crepe corrector lotion only from gold bond. champion your skin. i can't believe i was looking forward to this week earnings season has been pretty spirited i hope that when we started hearing from the real pros, the retailers we might get a nice reprieve i tell you that hope is not part of the equation.

retailers gave us ai death sentence on tuesday and wednesday, we heard from walmart, home depot, target and lowe's. only home depot was good that is where the professionals shop lowe's weigh was okay: and walmart and target were too horrific for words can't even use them for this show the big box chain with changing consumer preferences people are not longer spending like we're in the pandemic they're spending like we're back to normal and traveling but neither walmart or target saw it coming they ended one a lot of useless inventory that will drag down earnings for months. and they to pay off that inventory because of the inflation in the system. that is why i've been adamant that jay powell has to move quickly and the two largest retails collapsing was enough to make you tear your hair out. we saw double-digit declines in a host of retailers on wednesday.

when absolutely no news other than the fact that target which we like so much, brian cornell is such a pro, missed so badly you didn't feel any comfort in this group because that company did so poorly. but the big four aren't the only that reported this week. some of the small players did well and we want to highlight them tonight we're looking at the other retail because i don't think they were talked about enough. we'll take them in con logical order. on wednesday we heard from tjx and bath and body works. it is an off price retailers and buying excess inventory for next to nothing because they want to clear their inventory out. and then sells it to you with a nice little markup while the results were mixed, earnings beat and the guidance was decent and the full year forecast was encouraging. but if you know why it managed to rally, it is because the

company preys on the weakness of other retailers. for several quarters they couldn't get their hands on excess merchandise it was not promotional until now. but with this glut and you when see walmart and target struggling, you know tjx won't have a problem getting good product. on top of that they committed to a major buyback. even if the stock did get clipped today. at $57.84. only $4 from the low down 23% for the year. this is the buy of the season. okay this one of course tjx is the exemption the rule is more like bath and body works which surprised me. this is one of the best concepts in retail but it has been clobbered because it is seen as a pandemic play. and it looks like the severals were right well bath add body works put a accident set ever results they slashed the full year earnings forecast which the last thing you want to see and the reason is because their investing in technology and the customer loyalty program but in this

environment nobody cares about long-term. the reason for a guy down, no one cared. so the stock -- while we were still licking our wounds, we got from bj wholesale and kohl's and they offer discounts and i shouldn't say that costco is a better operator. but it is the same format. the results were excellent the same store sales up 14.4% and the earnings come in better than expected. bj gave you less detail about how they make that number happen still nobody quibbled because the stock was down double-digits the day before and the rest of the industry is falling apart and that is how bj stock jumped 7% yesterday as for kohl's, this is tricky. they feel a takeover officer and john dusky, you might have seen him on sara's show earlier, had you a lot going on in the quarter. there is also sub optimum.

wall street was expecting them to be up not to mention a huge earnings miss and kohl's cut the full year forecast only sephora is doing well and the stock man anled to rally because it was down 11% the day before and also because of the possibility of a takeover. beyond that management has seen improved trends in may that is very hopeful and they predict the year could continue to be better as they roll out more store locations. remember they got that from penny's. and kohl's has the buy back and in the second quarter, they should call me the programs are not how you do it i used to be involved and i know better so just -- well i'm a tv business guy now but anyone using accelerated revenue. that is something brokers talk you into because they didn't want to do the dirty work stop it already. but the possible sale of the company. something the board has resisted i can't see how they could get as much.

maybe that is why the stock pr plunged 13% today. this is too hard to call it is a too much of a battleground and next up is children's place. it is tiny kid place, kid focus add chain. and jane elser runs it and i thought the results were not good it did bounce 10% after opening lower because people thought it was down too much on wednesday but the buyers were clearly wrong the stock came back down today more than 4% again, too much of a battleground even though i think they do a good job ar the close we heard from the worst, that is ross stores people thought it would act like tjx but unlike tjx, ross stores are in terrible condition. weaker than expected earnings and horrific guidance. management thought they could get 3% same-store sales per year and now they're slashing forecast they only issued two and a half

months ago management didn't give us much detail what is going wrong here in order to offer a clear vision, i thought that was ill-advised. they were pretty vague on a conference call. they sited ukraine woes like they were based in eastern europe or something. very strange not encouraging. that is why it plummeted 22% the conference call was incoherent ouch the weakness took down the price and even though we just got a better set of numbers from tjx we have a lot of memory in this space. and the wildest one of all, footlocker of all things i was worried because nike is a major supplier as they have made no secret they are trying to cut out the middle man direct to consumer and they gave us a bleak forecast in february and then this morning they delivered a better than expected quarter and told us the full year results will be toward the upper end of the previously

issued ugly forecast they have a better handle than many other operators i don't love footlocker, but it is better than fear the number and single-digit price to earnings multiple, dividend north of 5% and no wonder footlocker is say fair retail stock that was higher than last friday let me give you the bottom line. while retail is off. it is not awful. most stores may be struggling but a few are doing quite well and tjx is a buy and bj's i'm okay and footlocker is okay for a trade. and bj gives me some hope for costco next thursday now jeff marks, my partner with -- who runs the charitable trust. w we were inclined to buy more costco today we decided to hold off why? because the market is too fickle too fickle to make a stand jim in florida jim?

jim? >> caller: jimmy chill. >> how are you >> caller: i'm wonder. this is jim from naples florida. i want to thank you for the help and wisdom throughout the 19 years i've watched you my question is on webber grill i mean a staple company in the united states, but the stock down more than 46% year-to-date, do you think this as is good entry point. >> i'm so glad you mentioned it. and i couldn't believe how this stock has just fallen apart. it is a real company and it can make money. and i think at this point in $6 it is a buy. but, sir, i have no catalyst, i don't know what gets it back to $10. i know that at $6, i do not think you could get hurt at this price on webber. but you may have to just wait. it won't go up overnight while retail is off right now and some it is just a battle

ram, it is not awful tjx is a buy and foot lock ser a trade and much more "mad money." we've endured so much pain so could a reprieve be in sight i'm digging into the technicals. you want to see this i think it is really really positive and i thinking the market has less to do with the ten-year and the seesaw action and all of your calls in tonight's edition of "the lightning round. so stay with cramer. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

what's on the horizon? the answers lie beyond the roads we know.

we recognize that energy demand is growing, and the world needs lower carbon solutions to keep up. at chevron, we're working to find new ways forward, through investments and partnerships in innovative solutions. like renewable natural gas from cow waste, hydrogen-fueled transportation, and carbon capture. we may not know just what lies ahead, but it's only human... to search for it. lemons. lemons. lemons. the world is so full of lemons. when you become an expedia member, you can instantly start saving on your travels. so you can go and see all those lemons, for less.

at end of an ugly day. to turn positive near the close, give us a reprieve after another terrible, horrible flo no. good

week we were down 20% intraday. i realize this market is not giving good reasons to own stocks it is hard to believe. that last half hour. we've seen one implode and dragged down and huge change in consumer behavior and the vibe shift from pandemic era spending habits to post pandemic spending traveling, including traveling and nearly all of the major players were caught off guard. ross stores and walmart, don't get my started and this is very big when the market comes down so far, so fast, the pain eventually ends and when it does you get that rally you wish you were part of it. it is just as rapid as the decline like at the close of today. not many see the bounce coming this market will make you feel like the world is ending it always feels awful at the bottom until the bulls abandon all hope at which point everybody who was going to sell has finished

selling. that is what it felt like at 3:30 today and that is when stocks stopped going down. anyone who tried to call bottom in the last couple of weeks is second guessing themself but take your feelings out of the equation, so we're going off the chart with larry williams. he's a technician and market historian that has been in this business since i was a kid he's created a dozen books and all of which you could find on his website, i really trade.com and he's sticking by his projection that we're at an inflection point and he has a track record going back for decades an the most reliable technician everybody was acting like the sky was about to fall. but i don't think it is april 2020 bad by the way, you have to go back to 2001 find a long streak of this negativity. 22 years is a long time.

and right now, you could say 21 years but when you look at calendar, you'll see that it was this -- it's been two decades since we've had this discouraging activity and they are seeing encouraging signs within the discouraging signs we all know about i want to you first look at this chart of the s&p 500 futures this is very revealing and this is the futures in black and the advanced decline or a.d. line in blue this is a cumulative indicator that measures the number of stocks that are going up on a daily basis versus the number that are going down. advance decline line is important because it gives you a sense of the market's breath williams sees it as a tfr w terrific way to see strength or weakness and while the s&p spent the last week getting smashed to oblivion advanced decline line has been holding up much better in fact it is working its way higher

did you know that? this is what is known as a classic bullish divergence when the index goes one way and an important indicator goes in the opposite direction according to williams, this action decline line is incredibly positive for the market it tells you that from the perspective of breadth, the worst of the decline may be behind us. when i saw this, i have to tell you, i told a dozen people about this and no one believed me. and check this out this is the zoom out, the daily chart of the s&p futures paired with another crucial indicator this is the unbalance volume index. this measures volume flow and adding on up days and stracting on downp days. [ inaudible ]. williams pointed out that based on the on balance volume action,

you could see that volume is already starting to dry up on the sell side. selling is dwindling you saw that in the last half hour even if the s&p 500 made new lows, the on balance volume line has held up surprisingly well. it hasn't gone down that much and lately it looks like it is down to floor. to williams, this is what he expected to see in a down market where some maimer money managers have started buying stocks more aggressively and sellers are disappear. take a gander at this. this showing the s&p futures versus williams out the indicator which is in green. while the markets kept going on, selling by insider has abated. they know more than we do. and sat the same time, lock at bottom of the chart. commitments of traders index which shows you what professional money managers are doing with futures trading

commission even though the market is down, williams see the professionals are buying here. and that often sets up significant rallies. we had a similar moment in february when the s&p was going down but they were both buying and set up a nice bounce this is not a mirror image but very similar and then there is the valuation. he's not just a technician, not that there is anything wrong with that but he's an engineer of data. look at this it is on the bottom line in blue it tells you a lot reich now his valuation index has reached extreme upd valuation territory. when it get this is low you end up with a rebound. not every time quite frequently. so this is a hideous market. when you check out the important technic ago metrics, the signs are buried within all of the negativity and the averages are about the bottom finally, larry loves to look at history of the action and spot cycles that he thinks he could use to try to forecast the

future check this out this is what i mentioned this morning on squawk on the street. when it comes to the s&p 500 he said the dominant cycle tends to last 75 days before starting all over again right now that cycle said the s&p is ready to run. right here right here and if the cycle holds, williams will expect it to run through mid to late june i'll take it has the rebound williams looking for already started? maybe that was what the last half hour was about. take a look at the zoomed in chart of the s&p futures from may 9 to today williams points out that today we had an outside bar where both a higher high than the previous day and the lower low coupled with the down closure of futures and whether it clowes on friday, that is a lot to ask for the market typically rallies based on his work there have been 77 days like this since 2000 since the year thou. 66 of them kicked off rallies.

85% chance that today was the day where you had to start here is the bottom line, i know it is tough to believe anything positive at this moment, but i said the same thing in april of 2020 and that is when larry williams made one of the best bottom calls again when we look at people who are historians and know the technicals and statisticians and he said this is it, i wouldn't bet against him. i trust his redictions more than i despite this market. and i say that as someone who really does hate the tape. stay with cramer chill out. >> the chill man is in the house. >> "the lightning round" is coming up when "mad money" returns.

another crazy day? of course—you're a cio in 2022.

but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want —your team, ours or a mix of both. with the nation's largest ip network. from the most innovative company. bring on today with comcast business. powering possibilities.™ (mom allen) verizon just gave us all a brand new iphone 13. (dad allen) we've been customers for years. (dad brown) i thought new phones were for new customers. we got iphone 13s, too. switched to verizon two minutes ago. (mom brown) ours were busted and we still got a shiny new one. (boy brown) check it out! (dad allen) so, wait. everybody gets the same great deal?

(mom allen) i think that's the point. (vo) iphone 13 on us for every customer. current, new, everyone. on any unlimited plan. starting at just $35 all on the network more people rely on. cal: our confident forever plan is possible with a cfp® professional. a cfp® professional can help you build a complete financial plan. visit letsmakeaplan.org to find your cfp® professional. ♪♪

it is time it's time for "the lightning round. and then "the lightning round" is over. are you ready skee daddy starting with brian. >> caller: hi, jim thank you for all of the research you do and helping us protect principal and make money. >> thank you i worry about it every minute, i have toel it you every minute let's go to work >> caller: thank you set up your staff for the call, great people and -- >> totally. >> caller: i'm visiting accelerant energy which you did a segment back on in early april. >> i went over this that just the other day, we still like it. i'm saying buy and we're going to valerie in colorado

>> caller: hi, jim, thanks for taking my call >> how are you >> caller: i'm going great thank you. how about you today? >> it is a decent day. thank you for asking >> caller: good. good well my husband is in your investment club and we enjoy watchk "mad money" every day >> thank you very much >> caller: we love your show and in february you had on your program the ceo of signet and we liked her and thought her stock would be a good investment before valentine's day and it was but since then it has declined in value so our question to you is -- >> well i have to tell you. >> caller: should we buy more. >> i want to you buy more. i think gina is the real deal. the stock sells at five times earnings and it is a stock very depressed by the fact that country is off the rails and inflation. i think she's great and i think that stock is i buy. let's go to tamer in new york. >> caller: big booyah to you

from staten island. >> chill has been very kind of late thank you. very kind. that is my wife. that is talking. what is happening. >> caller: thank you for all of the work to help small-time investors like myself to make money this these terrible times. >> that is the goal. >> caller: with the fed raising interest rates, is this a good time to get into bank of america. >> absolutely. the stock has gotten so cheap that it is just -- look if you do to 7 or 8 times earnings, but that is the fault speaking it doesn't have a lot of defaults i'm a believer to clayton in kansas >> caller: booyah to you. >> right back at you what is up >> caller: hey, i'm going okay just trying to make sense of the markets out there. i have a question for you, block chain, tike ticker riot. and this is a proxy for bitcoin. agree somewhat but i also see long-term

potential with this for bigger companies an organizations in the future and integrated block chain technology to help protect their personal data. sales transactions, et cetera. however the current sell-off has been painful to watch it go down. >> here is how we have to look at this. you have the right to everything you just said and i think you absolutely should own it as it was speculative situation. but please don't have too many of those that is all i'm asking you could have one i disagree with you but that's two sides to the story to zachary in north carolina >> caller: hey, jim. thanks for having me i'll give you a good old u.s. army hoo yah, in memorial day coming up. but i want to get your opinion on if zynga or zula, alpha still a good buy. >> no it is done zynga get the bid and take the money and run. and that is, ladies and gentlemen, it the conclusion of

"the lightning round." >> announcer: "the lightning round" is sponsored by td ameritrade ahead, on "mad money." clean-up in every aisle. how a trip to the grocery store might change d.c.'s approach to inflation. next

facebook's products harm children, stoke division and weaken our democracy. teens blame instagram for increases in the rate of anxiety and depression. it's not great when your customers are voting with their feet and deciding to kind of walk away. facebook's parent company meta dropping more than 26% last week... that is more than $230 billion in market share value. when will there be accountability? how many more people need to be harmed before mark zuckerberg listens?

sometimes i wonder if the policy makes don't go to the supermarket to know what is going on in this country it is shocking to see things you used to pay $12 for like a t bone is now $16. flank steak, it has gotten expensive, the grain and the box and the freight all drives cost up fruit, have you seen it. i got one grapefruit for the price of two and it wasn't even as good. and maybe you haven't been car shopping my daughter's got stolen and totals she had to trade down to get something she could afford, used this weekend i dread seeing how much everything is going to cost but i wouldn't be surprised if those in the fed or those in the white house haven't gone shopping in ages they now it is time to call a

emergency meeting. now rate hikes wouldn't impact the biggest source of inflation. our oil companies are aren't pumping enough and we don't have enough firing capacity to turn that crude into gasoline that is a bottleneck something that will only be addressed by congress because of a widespread belief that the refiners are rigged against the consumer it is not the case it is tough to build refining because nobody wants to live next door to one but even putting aside oil and grades, where the inflation is all about the war in ukraine, 13% of the calories from ukraine of the world, it is spread throughout the rest of the economy and the fed needs to act because they need to make it stop everyone is getting away with raising prices as a matter of course as a small business person, i could tell you this cannot stand. in the 24 hours since i first proclaimed that we need 100 basis point rate hike as a starting point i was shocked to hear so many people that agree with me.

everyone in touch with the real world recognizes that the fed has to get aggressive. i now believe that our market has been struggles so much not because of that ten-year treasury that everyone thought was so all empowering. or recession fears it is much more because stocks what are we called long ated assets they trade based on the sum of the future earnings. high single-digit inflation means they nyhigh single-digit earnings growth just to stand still. as for the companies with no earnings, their worth a heck of a lot less if anything because of inflation it is their whole value proposition about the distant future where the purchasing power of a dollar could be a lot less than it is now because of inflation. that is why wall street turned against the stocks a high inflation environment is -- making it so you don't want to own those stocks they're not worth speculating. but that could change if jay powell said that he cares more about your pocket book than your stom portfolio

he needs to make sure that regular people could keep up with inflation and the fed only has one tool in its arsenal, raise interest rates to slow the economy which will create gluts and will put downward pressure on prices like in this week's apparel but if you're going to slow down the economy, it is better to get the damage in all at once. powell's counter approach is going to kill inflation by a thousand cuts. it is going to take too long and it is going to be way too ingrained when he's finished so it won't happen. until powell takes control of the administration, i will not recommend a single money i'm just not going to. much of what we do is odds based here all i'd be it doing is putting you in an awkward situation that will likely yield losses yes the stock market will go higher on a 100 basis point hike higher it is better to keep your bat on your shoulder removing only for

companies that make a real thing with a stock reasonably priced and returns capital to you the shareholder. when the fed gets decisive until then, caution remains the watchword. i like to say there is always a bull market somewhere. and i try to find it just for you right here on "mad money." i'm jim cramer see you next time, the news with shepard smith starts now the. and closing in on wall street. i'm shepard smith. this is the news on cnbc the s&p 500 dips 20% intraday. but goes positive at the close >> eighth week in a row, lower for the dow. seventh week in a row lower for the s&p. >> sara eisen breaks down the market swings. elon musk responds to a report that a woman accused him of sexual misconduct wild accusations, he calls them. the details and what's happened to