>> i think the chasm is better than people think. >> thank you all for watching "fast money. we'll see you back 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. my job is to educate and teach you. call me. tweet me the hatred for the market -- okay it knows no bounds. >> boo >> i can't blame the haters.

every time you get comfortable someone pulls out the rug. the dow slips. the nasdaq lost. part of the big rally last week came from the financials specifically the comments from jamie dimon. ceo of jpmorgan. how's the banks doing well when the fed rate hikes should make them more profitable it sounded fantastic [ applause ] then today dimon talked about how an economic hurricane could be coming our way so we all better brace for the disaster. what the heck happened the banks he mentioned a week ago. did the sunshine turn to gale

force 5 winds? i think he crushed the market with his comments. whatever the reason when ceos paint an inconsistent picture. it left the s&p 500 flat for may. it is very easy to hate this one. especially if you every playing the game that younger investors turned out to be playing amc that was $62 last year and now trades at $12. after $16 yesterday on the strength of "top gun" numbers. the ceo remains positive on the stock. it is right. it's been right the whole way down took a 10% hit today think about these. look at the parade of horribles. good rx.

prescription drug discount app now wallows at 7 bucks teledoc fallen from $154 $32 now. carvana. see the stock plunge from $370 to $26 today don't forget the electric vehicle cohort lucid gone from 55 to 19 fister from 23 to 10 by comparison test is true but that's sunk from 1200 to 700 and then the quantum scape ev go 19 to 9. charge point 35 to 12. the revolutionary stocks roblox. 134 to 29. automating office jobs it's jumping after hours

timely there's fashion stitch fix from 66 to 8. distinguishes the companies aside from the performance and the fact that almost all of them lose money simple the stocks are where the pain is really concentrated in this market because in many cases they have almost nothing to fall back on instead they are serial issuers of their own stock they look down on because they're for old people old people stocks. no sponsorship nobody to pound the table. we see endless price target cuts one after another after another. the beaten down names represent a fundamental misunderstanding of how you should spend your

money. i analyze the situations going over the holdings in the charitable trust we hold otherses responsible as you will see if you join in tomorrow at noon so let's go over what's going on here that's the only way to learn if the losses they generate first, when you take this kind of loss you can't despair so much to give up on the stocks as an asset class people really did start with a very fine premise. they like the company. they liked it enough to buy the shares a allbirds, cool saved a ton of money used the cell phones and loved not going in person. why not back the safest child gaming platform in the world with roblox?

terrific starting point but the homework or the lack thereof wanting to invest in something is terrific but you have to know the financials is it losing gobs of money does it have the capital to last if you don't ask these questions you're asking for trouble. then you have to ask do they have the field to themselves only so many battery companies that no one can break out and stand out before the money runs out. there's so many competitors that there's no moat to the businesss. when they're collateral damage it is just unnerving. the fed's cutting off easy money. because they put in so much

money everybody can get financing. that's inflationary. surely not the brokers that make millions of dollars off the deals and you. which brings me all the way back to jamie dimon's weather report. what he's saying talking about a hurricane is the inability of the fed to crush inflation without crushing the economy imagine a hurricane hurting the coastal area what house do you want to be in? one that's just an idea that you got trapped in oh, look i'm not against growth. i talked about platforms known as facebook have great balance sheets and big moats many are worried about the future of meta

cheryl sandberg resigned i was concerned about the vacuum she might cause and is the ceo's long time co-leader going to take the whole business with her? she was the growth and prosperity no that is not going to be the case she reassured me about the big bench and the right time to focus on philanthropy. their stock should be bought on this weakness. i will miss the -- steer the companies to small businesses. buy the stock on the weakness. i'll say it again tomorrow in the end the new class of disappointing new investors needs to start over. as i tell investment club members all the way doing the homework about the understood

lying company and knowing how the economy might impact is better than liking the product if you don't know how they will survive a hurricane or a fed tightening or two use the product but don't own as leon trots ski would say the means of production kelly in minnesota, kelly! >> caller: hi, jim. >> good to hear from you. >> caller: great i want to thank nicole for taking my call she is terrific. >> what's going on >> caller: i'm new to investing in the last few years and i have been learning and reading a lot and january came and i was like, what am i doing in this market my brother is very dedicated to you. watches all the time i turned the show on and everything made sense and joined

the investing club and reworking our portfolios but there's one stock that's just a thorn in the side but it's fubu tv i don't know to cut a huge loss and reinvest. >> doesn't matter whether you take the loss or not you have a loss you will get good stuff with the club and wait until the end of the year and if you have the good gains take the loss against it that will be the plan. dino in minnesota. >> caller: thank you for taking the call. >> quite welcome. >> caller: i took the advice back in april 2020 bought the stock now i cashed out of it six months ago and back down to pandemic levels.

what do you think about wayfair? >> all right so glad you asked me this call great calls. thank you. there's williams sonoma that reported the same time as wayfair. it is on fire. buying back the stock. run by a genius. it is all the way down off 26%, down 2% today to 125 that, my friend, is a -- >> buy buy buy buy. >> that's the furniture company you want if you don't know the companies you own will do in an economic hurricane -- thank you jamie for that weather report -- use the product but don't own the stock. you stuck me on lightning round stocks and oil and gas companies reshaped the image is it time to embrace the change i'll give you the oil manifesto.

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♪ got to take time off last week market behaved itself. but something happened on

vacation catch up with the homework catch a breath i come on here every night to answer the questions sometimes stocks i don't know or haven't been following lately. i try to circle back for you to help you become a better investor which we'll discuss when we convene the monthly meeting at noon tomorrow. i hope you'll join the club and join us for that talk. so let's get right to it back on april 20th shannon in florida asked us about atlantica. mostly solar with wind thrown in and 15% of the business is efficient natural gas and heating with 12% being electric transmission assets. mainly atlantica is a renewable energy plan. although they had a south

african kicker it is a dividend play. atlantica came public to the united states almost eight years ago. in june 2020 right before oil prices collapsed making renewables less attractive atlantica plunged to a low of $13 and oil finally bottomed oil at 40 or $50 it's competitive but $115 like now it is a different story very different when they started to bounce off the covid lows it was a fabulous comeback but in the last 6 months it is uncoupled from fossil fuel prices this one peaked last november. fed. falling from $41 at the highs

down to $32 today. that's down slightly from where it was trading when was asked about it i think the pullback is absurd it is a gift this is a good, solid business with a solid production growth over three years with a big jump in 2021. cash flow is steadily rising and that translates into what we like best high dividends it sells real stuff at real profit it is exactly what we like in the high inflation environment where the fed is slamming the brakes on the economy. i think investors have been dumping the alternative energy plays. look atlantica gives you real protection with that dividend and the business is doing well reporting a solid quarter three weeks ago. revenue growth and the stock

jumped because i think early to mid may couldn't find another reason why it went down. i like this one. atlantica sustainable infrastructure is a good pick. it doesn't have much more downside of course there are other high quality utility. dominion one of the great ones of all time this is closer to a pure play. buy it next up may 17 mark, wisconsin. calling about digital bridge i'd heard of it because they had a deal to buy switch next month. digital bridge is a new name for an old business known as colony capital before it rebranded a

year ago it was a reit. last year he was charged with acting as an agent of a foreign government, obstruction of justice and making false statements to federal law enforcement. the old colony capital transformed before the legal troubles in 2019 they bought digital bridge and took that name. before the deal company was hotels and now digital assets like data centers, cell towers in 2021, the shift to digital infrastructure given the stock a new lease on life. then the former ceo got indicted and then stuck between 6 and 8 and hit with the rest of the market and bottoming even after the fabulous rebound.

first i do think that digital bridge is heading in the right direction. the relatively new ceo has a history of investing and they keep expanding the digital side of the business buying data centers. picking up a european cell tower and the $11 billion switch deal owning a portfolio of data centers. the activist investors announced a stake in the company looks like they convinced management to sell in part it is a complicated corporate structure and just isn't that profitable at the moment most importantly you can get

exposure how about american tower stock did nicely from the highs last year. down enough to buy it. i like data centers. bottom line, you got my blessing right here to buy this what a good company. digital bridge what can i say you have better options. coming up, thoughts on oil and gas. cramer's energy manifesto next

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with the nation's largest ip network. from the most innovative company. bring on today with comcast business. powering possibilities.™ space. the boundary of human achievement. the new frontier. ♪♪ eh. ♪♪ it's not time to escape. it's time to engage. it's time to plant more trees. hoo! ♪♪ time to build more trust. time to make more space for all of us. so while the others look to the metaverse and mars, let's stay here and restore ours. yeah, it's time to blaze our trail. 'cause the new frontier? it ain't rocket science.

♪♪ it's right here. ♪♪ ♪ let's talk about oil a few years ago i told you the

oil stocks are uninvestable with no discipline. just as important in times the total difference from the environment is turning them into corporate pariahs. that's no longer the case. they're still fossil fuel companies. only so much to improve with global warming but proven to be better corporate citizens and investing in the decarbonized future even larry fink head of blackrock and one time may be the outspoken critical has come around wants a net carbon world more than anyone i know but as he said in the recent letter the transition is uneven it will not happen overnight

we need to pass through shades of brown to shades of green. and then talked about a renewable era and even hydrogen general rated future see his support because he is a visionary went a long way to convince me that rapid decarbonization is not viable as much as i favored. joe biden seems to have it in for the oil companies in a way that's unprecedented even as the companies themselves gotten going on environment they're going to spend $10 billion by 2028 to hurt the earnings they don't care. the whole industry made changes that are much better for the environment. what do they get from the white house? whiplash biden was telling them to cut

back the drill jg now that the price is through the roof he needs them to ramp up production but this time his administration wants to putt the industry out of business from what i can tell that's not a good way to get companies to do what you want. look we never want to end up like europe ever especially germany hostage to an unfriendly neighbor namely russia russians received $30 billion from the eu since the invasion for energy all this is because germany shut down many nuclear plants to go green even if it's replacing nukes with russian natural gas do you think putin would have had guts if europe had sources

of fuel? no way while the partial embargo make a small difference it's possible putin is stalling for time killing the ukrainians and his own soldiers we don't want that to happen in the united states. we can rely on it for the energy needs. the infrastructure we would have more than enough fuel to make north america self sufficient and then the next point. if you want to see the price at the pump to come down we can't rely on opec to help us. saudi arabia is not coming the rescue nor the strategic petroleum reserve. i get why the white house has a

conflicted line. the american people won't put um with high prices but the biden white house doesn't seem to know how to break bread with the industry. biden published a piece in "the wall street journal" cuts down on inflation treasury secretary yellen talked about unused leases. why do they want to use them she says the canceled keystone pipeline wouldn't have made much difference but it's a signal on the infrastructure very expensive would have brought heavy crude to the refineries. we can't use it with the lighter oil. we were importing crude from russia because we lack the pipelines. you can't make it up if biden really wants the oil

companies to boost production this talk will not help. why would the industry cooperate? here's what the go-to man for energy says. if president biden sends signals that oil and gas is part of a long term solution they would be much more willing to drill aggressively he won't lift a finger to get the price down they would rather print money. how could biden signal a change? propose raising the tax credits. he could say that he recognizes the need for pipelines so the process must be streamlined and he could encourage the facilities that can be used to export to russia the president talked about the importance of liquid if ied

natural gas. more lng exports could end the russian strangle hold on europe. but it won't because the white house can't approach the oil company. in order to appease a new generation of investors. this is a binary choice. can't have both. the white house is trying to thread the needle. bottom line. even if you think the oil companies are a heinous enterprise bent on destroying the environment we have no choice but to embrace them because the economy runs on oil and gas both of which are too expensive without more drilling and that's not going to change by the time the next presidential election rolls around martin in georgia.

martin >> caller: yes, sir. as a result of my brother passing away in 2020 i have an investment portfolio in which the energy refiner is number five in the top position and you mentioned about investing with lithium ion batteries. this refiner bought a stake in an australian company and signed a letter of intent with another company to have ev charging stations and invest in fuel cell and commercial grease from kitchens can we -- my question is, do you believe we can get the kicks out of having philip 66 in the investment portfolio. >> it's an amazing company i like them. i like valero, too

it is a company trying to do the right thing. refining is a dirty business i think the stock is going higher i'm sorry about the loss of your brother but you're doing the right thing for your family. jeremiah in florida. >> caller: long time listener. happy to be on the show today. a company that hit the 52-week high but last week the ceo sold 30,000 shares. diamond back energy. >> travis dice the ceo of diamond back energy is a visionary and it is an amazing company that is certainly welcome in anyone's portfolio. why don't we own it for the charitable trust we own almost every darn one wow! fang is a great company. that's a the new fang.

a toerm i created. some may despise the oil and gas giants but the economy is dependent on them right now and got to embrace them if we get the price of gasoline down at the pump much more "mad money" and the exclusive with centennial 1. can they defend itself in the market i'm reviewing a few companies that might be worth buying if you take a long term view and the calls in the lightning round. round. stay with cramer ♪ ♪ how's he still playin'?

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♪

in this merciless market wall street has no interest if you don't turn a profit. take sentinel 1. saw the stock double wow. peaked last november along with everything else since then the stock is down nearly 70% from the highs after the big bounce last week this is about the wall street fashion show and not sentinel. business is solid. results were pretty good i think more positive than negative monster 109% revenue growth. i think this one's an important b bellwether let's check in with the co-founder, chairman and ceo welcome back to "mad money." >> thank you.

>> you keep winning business and you say you're taking share. can you describe who you're taking share from? >> we take a lot of share from incumbents but today it is a broad based platform that we claim the cloud market, data processing and analytics taking share from incouple bepts that are antiquated and with us the cloud platform is a lot to be had. >> when i take a look at microsoft azure you said that defender had a problem and caught it. you're taking share will with microsoft. >> another vulnerability today in the product line and seeing more customers disillusioned with the microsoft ability to

protect them they need to improve operational is security and less focused on security revenue feels like they go to the sentinel vendors. >> it is a very important time for you. sentinel lab results named the malware when you said it was a wiper. some people say that the russians stopped doing cyber attacks sin the war began. that's obviously not true. >> no. not true and mainly confined to the eastern part of the world but we have seen it already. there's an attack that affected customers across europe.

i want to say that we are seeing less activity anticipated from russia but that can change and keeping a close eye. >> i love the customer wins and the retention. i want to know because the companies have not had stocks that go up because the cash flow may not be as strong or guidance larger than expected and you may fit that rubrick and concerned say the operates loss is too large. >> yeah. look to us it is about investing back in the business. the market opportunity is to big it is about taking the cash generated. we have am l cash on the balance sheet. for us it is about grabbing the market share and optimizing for the long term and see hand in hand improving gross margin.

operating margin improving year over year. we're investing back to grow faster and to grow and grab more market share and incumbents are weak and that's what you want us doing as a growth company. >> an acquisition. identity theft is important. >> yeah. look the threat landscape shifted to exploiting users and plays into that very wide gap that we see today for all cyber security vendors. not many with the ability to protect identities we are one of two. plays into that narrative. we kept the operating expense pretty much intact

the same guidance even though we are operating as another company and doesn't the up the envelope for the year. >> that's a great point and one to be careful on you kept the guidance intact and might have said with the acquisition you can't. that's very important for people i'm not trying to make excuses but this is a better answer about why people are concerned because they shouldn't be given the fact that you made the acquisition. thank you so much for coming on the show i hope to see you soon. >> thank you. >> i'm trying to go over the situations where they every not making money but growing fast so i have a better handle on what you buy so you're not bummed out. "mad money" is back after the

break. just chill out. >> chill master jake >> he is happy. >> the lightening round is coming up. when "mad money" returns your record label is taking off. but so is your sound engineer. 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

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two stocks i'd like input on the first one is nmo >> it is a medical device company. upgraded and the stock didn't go up i'd rather go with danaher hp in texas. >> caller: jim, i'm calling about aussie cascade. >> this is one of those where it's valued as people think it's a doozy of a recession four times earnings. mark in wisconsin. mark >> caller: got a stock on the logistics sector a trucking firm based here in wisconsin. the ticker symbol is mrtn. >> good company. makes things does stuff value reasonably buy. mike in florida. mike mike mike.

>> caller: jimmy chill >> what do you have? >> caller: i wanted to get your opinion on doximity. >> i thought it was a way to get to doctors it makes very little money and yet i stick by it because it will make a lot of money jacob in florida. >> caller: thank you for taking my call. love your show. >> thank you. >> caller: question about at&t i have a large percentage of investment in the stocks and waiting for spinoff. what is your projection? >> i think the spinoff is good for at&t it is good and makes more focused and offloaded a lot of dealt on the worldwide warner. offered so much debt to them

i cannot recommend that stock. at&t is okay now they got rid of the dead megan in new york? >> caller: i just wanted to ask you what your thoughts were on -- >> what about proctor and gamble for the people are belonging to the cnbc investing company ross in texas. >> caller: booyah. i'm calling about idec labs. >> i have the one that kristen peck runs. that is the one to buy and also down 31% steven in florida there are hey,

jim. i was wondering your take on a pharmacology company >> very speculative situation. possibly terrific stuff for covid but it is very speculative and not for me to recommend. it has a -- up 100%. go to joel in california >> caller: jim, joel from los angeles. >> how you been? >> caller: doing all right i feel like i'm stuck in a bad marriage and got so much invested i don't know to walk away or stay with it i read about aviation and i feel i should be leading the faa. i know you've talked about it a

million times and left it. what's the deal with boeing? >> look. one day it will come back. i got tire jd upgrading the portfolio. i think it is bottoming. so what? so many better stocks. that ladies and gentlemen is the lightning round! >> the lightning round is sponsored by td ameritrade coming up, a new meaning to intel inside and a tall order for starbucks, and a tall order for starbucks, next it's your future. so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim® is right there with you. to help you become a smarter investor. with an innovative trading platform sharing strategies to help you become right on the platform. because we take trading as seriously as you do. thinkorswim® by td ameritrade

when insiders sell their own stocks there can be many reasons. could be estate planning issues. divorce settlement maybe a new house. insider selling is nevada positive but not necessarily negative sometimes it means nothing but when they buy the only -- they only buy because they think the stock is heading higher. intel where three insiders bought stock recently like the ceo. home depot which speaks for itself morgan stanley and interim ceo of starbucks paying $15 million on his own stocks.

this may be a tip of the iceberg. what's the significance of insider buying to you as someone trying to figure out what stock to buy sometimes it confirms what you know i like home depot and the rest morgan stanley is a key holding for my chair itible trust. sen teen is tougher. they lost the ceo with a huge heart helping the disadvantaged. where it matters are the cases where it changes your mind for example, these purchases made me more positive about intel and starbucks. insiders can't sell for six months after they buy it without giving up the gains. you know they can't take advantage of something near term but a commitment down the road so what could the three insiders

see at intel i think enamored of the work by the ceo since he himself is a buyer. i found him an evangelist. not just designing can chips but making them here and spearheading a move to open factories in the rust belt why that plan needs federal help and might get but he is not waiting for it maybe breaking ground in july. i think that intel stock is the driver he has big goals up ending the new pecking order. don't forget spin off the mobile eye. supposed to happen soon. can he do it i have had my doubts this makes me find the stock more compelling. the plan is a bold one and makes

me feel confident knowing the people running this show are putting the money where their mouth is starbucks is a company that schultz said is not good that can put a lid on this unionization movement if it does better or hurt margins to pay people more to fend off the unions and has exposure to china. although that might be coming to an end howard is rich enough that the $15 million investment is not gigantic for himself he is running thing tech rarely. he didn't need to buy a single share. i think he's going to take the hit with the workers but reopen china. that to me says wait a quarter or two until the closer to the

moves paying off and might be a buyer and with other insider buyers i would say to buy right now. i will try to find it more i'm ji >> breaking news as we come on the air tonight. i'm shepard smith at cnbc. an active shooter yet again first reported about one hour ago in tulsa now, police there say a gunman opened fire at a hospital. captain richard melvinberg telling nbc news he believes the gunman shot and killed at least three to four people he says several others are injured and that the death toll may rise a live look now at our local station, 2 news oklahoma heavy police presence right outside th