i like call spreads in both, diagonals in the case of starbucks. >> carter. >> starbucks, so bad it is good. bombed out of 46% decline in basing ibm, tremendous relative strength and toying with the prospects of a breakout. >> we will see you back here next friday for "oa. meantime "mad money" 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! well welcome to "mad money." welcome to cramerica my name some to educate you so call me or tweet me @jimcramer it is easy to say it is too hot, jay powell and company, a/k/a

the fed to spike the economy harder that would be wrong. it is not the reason the dow dropped 249 points, s&p lost and certainly not the reason the nasdaq plunged it didn't create any angst it is clear jobs growth and inflation are peaking or peaked which is what we need to do to wipe out inflation today's decline was all about earnings if anything, that is actually more disconcerting to somee like me. take apple, which, you know, i always say you should own, not trade. katy huberty from morgan stanley, the most important apple analyst, penned a report saying apple could miss the quarter because of weakness in services thes funny yesterday i told the investing club apple is the stock in the charitable trust i'm most worried about. good call. not the call i want to make. in tech land there's justifiable weakness, real justifiable weakness and the downgrades can send chills down your side, like the call to sell micron this morning, confirming what we said about a lack of business in

china along with a blush by elon musk where he talks about a super bad economy and big lay-offs at tesla. sub optimal. will next week be a continuation i'm afraid it might be first in the interest of shameless self-promotion we are going back to san francisco. i like to do it once a quarter to tech land not just tech chps but i like it out there because we have to take the temperature of silicon valley and because that's where soap interesting companies are i think s&p is going to start off rocky because even though apple has the terrific world wild developer's conference, the rest of apple has to catch up to huberty's cautiousness europe is sweet, too, thanks to the russia invasion of ukraine it shouldn't be a shocker. what matters is you can't ask for this one you can ask for glut because it is too big you can start buying apple once the medicine is taken because sooner or later china will beat covid and come back online starbucks opened 600 stores

there in shanghai. that makes me feel better. you need to be in apple for that but if youdon't own it yet you might as well wait for the estimate cuts and downgrades before you get it. most people aren't nimble enough to sell apple now and buy it back when the all-clear is sounded. to me it is worth riding out even though i know i will take a lot of pain, knowing a better time will come, even if you have to play thu rough this moment to get there. if you think you can pull it off, god love you. tuesday eli lilly had a meeting to discuss the pipe loon and to discuss the diabetes/weight loss drug i think it is a miracle drug which is why we have a big position in the trust. it might be too late to take action in the stock. better wait for a pull back. in orders words if lilly goes into this, we heard good news there. you won't be surprised and your buying will be met with sellers who are saying i'm selling the news next, the most unnerving parto

the fed-mandated slow downs food stocks haven't been a good place to hide. they usually are the costs are way up think about the food that's in it, the can, the plastic, whatever they can't do more to start raising prices without turning off people it will be a good test of the market's move. smucker's report, the company is energized putting up good numbers of late. the same thing could be say about hormel it took the whole group down, smucker's included it is almost like it looks like hormel i wonder if we get a reversal when the food companies report i don't care for the group if we see a reversal in smucker it tells you all is not lost in packaged food like general mills. everyone is so up seat about gasoline prices but if you want to see the impact listen to cracker barrel call. these guys tell you to it straight and they're on the highway. if they indicate consumer is cutting back on spending and not say getting the apple pie a la mode -- by the way, get a slice

of cheese, make a note of that, we should be worried could you imagine rooting for negative things? it gets me down but we have to soldier through. you want more about the impact of gasoline in let's see what happens when ford reports on wednesday they make those things you see on the road. these things use a lot of gasoline if you are on inflation death watch, this conference call is a must because the company is very well run so it won't be their fault the numbers are weak campbell's soup had a tough time because there hasn't been a catalyst actually, there hasn't been a catalyst to any of the food stock except for sher she because cocoa is a rare commodity it is still cheap. i don't understand why it is cheap but it is cheap. that said, you could do worse than getting a more than 3% dividend in a stock up 5% for the year i like campbell soup's management i bet the stock can work its way higher because management is taking the tough action to beat the numbers. they have a good panoploy of

products the most beloved chain is five below, it is up there with the dollar store proven winners in the slowdown thursday amd is announcing it will be the first time the redoubtable lisa sue can tell us about the new chip company, because they made a couple of acquisitions is doing. i want to hear about the synergy from the recent acquisition. remember, people hate tech right now. it can go back to 93, 95 if it does you want to buy it. i suspect the string of earnings are going to continue. the market has spoken tell using that the stock is not worth owning because the earnings can't be trusted five means something is worried, people are worried i disagree i think the signal is good i think you have to be patient i don't know how many good numbers the ceo has to put up

before people trust her. how about the companies that have become pandemic plays we don't talk about them duke yu sign, they report thursday see a they tell us i think stitch fix can be regarded as covid stock, too i bet their business at docusign is good and okay at stitch fix but it doesn't matter. they're running in place, going nowhere. really painful hey, we know high-end retailers are worried as we found out from gary friedman last night on his rh call. he is perturbed, thinks there will be a slow he is cutting numbers. revenue will be minus one or three. why don't we listen to what the resorts are telling us that would be worth knowing about. this is one of the times where until inflation is whipped and crushed there will be more rocky days like today. how can we not focus on it we get consumer price index on friday i can only use the closely -- cliche closely watched to describe it. be mindful, this data really

does matter. here is an oddity, on friday we get the university of michigan consumer index you know what we need for the end of the year? gloom. it pleases jpmorgan and company. he knows he has to get things rolling on the deflation front we need it to kill inflation i bet we will find the conference is falling rapidly and that's what the fed doctor ordered to get from the scenario from an inflation one to one of full prices. so needed to preserve your purchasing power and your portfolio. david in florida david. >> booyah, cramer! >> booyah. what is up, man? >> i know how much you absolutely like stock that makes a lot of money question is based on their trend of earnings report, does proctor & gamble make the threshold? >> absolutely, 100%. i have to tell you something, this company is not getting respect, 145 with the dividend aristocrat and i think prices could be falling on kmoldities

they buy i think it is a good one buying. travel trust buying, tried to buy more the other day, talked about it i'm looking at 143, 145 for entry stock. al in connecticut. al >> booyah, jim thank you for taking my call, man. >> what is going on? >> well, regeneron's acquisition of the rights of -- was not well-received by the market, now bumping up against the lower end of support do you agree with ceo -- >> look, i talked with lynn yesterday. i have known lynn since he was a first guest on the show. stock was at 5, announced 630. i think he was justified he bought it from santa fe, paid a billion dollars for it they obviously know something. the guy who really is the chief scientist is so amazing that if he thinks that's worth a buy, i think it is worth a buy. george is money. gary in maryland gary >> booyah, jim >> booyah. >> i watch the show every day and i really like it it is really good. i love it. >> thank you >> jim, the stock, cesar's

enterprises, was going to buy at 135 a year ago now they went down to 42 i checked the data, 50 should i keep this, buy this >> they don't make any money so they're not on my list i do think that -- i got stung the travel trust, we did a bad job on it. i owned up on it in the conference call but i don't want to be in that group. by the way, beachy properties which is connected with it, up both on semi and keurig, two stocks we played pretty much i consider myself a positive person but we need a little negativity to kill inflation i bet next week we will find that the confidence is dwindling and unfortunately that's what the fed doctor ordered they got to do it. oh, man, tonight, in the face of a volatile market one of the most important things to do for your portfolio is diverse file that's why we're playing mi, diversify. some retail earnings last week

were pretty good i will cover the ones i think deserved a little extra attention because the stocks have gotten cheap. art best is on the mission to solve a struggling supply chain. i will learn more about their claim with the company ceo we made a lot of money with xpo logistics. stay with cramer 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 head to mad money at cnbc drk. ♪ ♪

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the tape, we saw -- erased during today's session it is time to open the phone lines to the voices of craymerica many may be wondering how we navigate all of this volatility. now is a good time to reassess your portfolio, but i think it is that's why we keep high-grading for the charitable trust and it is why tonight we're playing diversified. call me, tell me your top five holdings maybe i missed some changes. brenda in north carolina, you are our first caller what do you have for me? >> booyah, jim >> booyah. >> this is brenda from lincolnton, north carolina i'm so glad to be on your show today. my top five holdings are duke energy, enbridge, pro proctor & gamble please tell me if i'm diverse

tied >> i think most of the purists that duke is different off enbridge it is a natural gas pipe and duke is a pure utility i see a good yield fro pro proctor & gamble at&t, not my favorite. but she wants yield, yield, year and yield. in this particular moment we need that. i'm going to pronounce this group, i'm going to pronounce this diversified just because i think that johnson & johnson and proctor & gamble are not the same and duke are not the same and enbridge that's how you have to think they're not the same i like that portfolio. let's go to scott in minnesota scott. >> hey, cramer scott in minnesota first time, long time. been following you since the kudlow and cramer days >> holy cow. >> i suspect i'm like millions out there who due to the pandemic find themselves in an unexpected, sudden, early

retirement and in need of income >> okay. >> so with that in mind, my top five holdings are abbvie, chevron, dow, prudential and verizon. so, jim, is it possible to be diversified within a predominantly dividend portfolio? thanks >> does he ever ask the right question this isn't easy. okay first of all, i will tell you what, because verizon is not doing as well as i would like but it has good yield. chevron, good yield. the stock moved up a lot so the yield isn't as great prudential is not doing as well as i would like. dow, we know business is good. abbvie is owned by my travel trust. here is what i'm going to say. drug, oil, teleco, insurance, chemical works as diversification it is just they're not great stocks. i'm going the leave it -- i'm going to swap out prudential and put in wells fargo, okay

because wells' ability to raise business substantially, otherwise i'm going to plus it it is hard to get great companies with good yield here unless you are doing oil and gas then it is easy. maureen in new hampshire maureen! >> hi, jim it is maureen. thanks so much for taking my call >> of course >> i got five stocks i would like to talk about amazon, worried about logistics. duke, nvidia, roku and asml. am i diverse field >> man, this is really hard. okay so roku, we don't even like roku i don't care if it is diversified or not, it is just bad. i do like the area of technology and communications i would like to put disney in there. i think disney is having -- is way too low. the franchise is great, own it for the trust. we do not allow any stocks from china. they're heinous, what the fofrmt is doing over there in

controlling the companies. i want nothing to do with it but why not put alphabet in, okay it is the same thing but it is better nvidia is terrific asml trades with nvidia. i mean that's a problem, even though asml is a semiconductor equipment company they trade together now we have to swap out asml and put in proctor & gamble. in other words this portfolio needs a lot of help. i got to do it so we're going to do proctor there. we keep nvidia because it is a terrific company we go with google here we will keep amazon, because even though -- i'm doing the 24 to one split then disney for entertainment. i know it is major surgery but sometimes you have to get into a little anesthesia, 12-hour operation, finished in three minutes. that's how i work. let's go to rolled in georgia, please rod. >> hey, jim. this is rod from georgia >> okay. >> i hope you are doing well today has been a wonderful day it has been sunny. i have been playing with my tomato plants and putting out

new ones and planting some more. i have a few stocks i need to ask you about. one of them is sigma lithium, sgml it is -- i had it for a little while. i have sold half when it doubled. i sold half again when it doubled again. then i sold 20% when it went up 30 more percent. now i still have a 90% profit on the shares that i still hold my other stocks are ms, ko, hrl and uan. am i divert fied and am i diversified and am i making intelligent choices? >> first, the guy's tomato plants must be beautiful in georgia. i'm worried about my plants because we had too much rain i had to put that out there.

this is va very complicated portfolio. why? some of the companies we have to act differently on sigma lithium i would say no real place for it. i have not liked those stocks this week because the coldman piece came out over the weekend saying they were going to peak and i agree with goldman piece however, you heard he is playing with the house's money why would i tell someone to sell something that is the house's money. we will keep it even though it is not my favorites. coca-cola is terrific. i think change is doing a great job. take a look at the stock here is another problem. i like hormel, but coca-cola and hormel -- hormel, by the way, did not have a great quarter it just didn't it was kind of -- it was sad because i like the company we are going to have to go with hormel and we're going with disney because i have been liking the disney. i think at 108 as i said at my conference call for the investing club, i said disney is

the cheapest stock in the portfolio. morgan stanley is amazing. 3.3% yield financial is great cbr partners, no this is tough. i'm going to bust it i'm going to bust it we have a portfolio that has, if we take hormel out, we are diversified enough but i like -- no, the music. but if you ever have a play with the house's money, you are never going to hear me say sell it, even if i don't like it. because house's money is the holy grail of investing. "mad money" is back. coming up -- these retailers buck the trend can they say au revoire? find out coming up next.

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♪ on a day where wall street is once again tearing its hair

out about the possibility of, yes, a fed-mandated recession, i want to remind you of where we were a couple of weeks ago we just had gotten a slew of hideous retail earnings including the one-two punch of forecast cuts from walmart and target with a terrible couple of days it was it crushed both of their stocks and therefore everything else in the sector within a couple of days we heard from a bunch of other retailers and their results were a mixed bag, meaning there was some good while there were disappointments we got genuine earnings beat last week it continued and we got more positive quarters, something the market was more willing to acknowledge because wall street's attitude had become a lot less negative so what is it that sets apart the retailers that can thrive in this environment why weren't they all wrecked by the same problems that dragged down walmart and target? rampant inflation, supply chain woes and a sudden change in behavior that left them with tons of unwanted inventory let's take them in order before we went on vacation i

told you to expect great things from auto zone, the auto parts chain which reported on tuesday last week. we have a massive car shortage in the you company because automakers can't get their hand on enough semiconductors forcing people to hold on to old cars longer, translating into more maintenance. in other words business for auto zone they crushed it. it is about what wall street is looking for and they're only looking for less than half a percent despite being up against typical performances even better, auto zone earned $29 per share, although a lot is because of the enormous buy back it has been one of the greatest buy backs on the new york stock exchange they still have $2 billion left in the authorization stock caught fire in response. even up here auto zone is cheap at 18 times earnings it is a great story. why is it cheap? because the earnings have been so consistent. a lot of times when you see buy backs you say it is meaningless.

these guys have bought back, bought back and it really returned a great deal to shareholders they benefit by the fact used cars a so expensive so people hold on to their old cars. what about retail winners with more challenging circumstances maybe the most surprising beat last week came from really one of my favorite stocks, williams and sonoma, the home goods retailer that is widely seen as a covid stock because people moved to new homes nevertheless reported a remarkable set of numbers, higher than the 3% consensus massive earnings beat. williams and sonoma didn't raise the full-year forecast, and i would not have in this environment. people misread this company entirely it was a really good quarter. you might think it would be a tough time but they have great management this team is led by a ceo who cares so many about her product has consistently defied the odds

even after the stock monster remained, people don't believe they can continue to make the number i think the risk is baked in and williams and sonoma remains a buy. last week i was at a pottery barn outlet, a williams and sonoma outlet. we could not believe how fantastic the merchandise is i contacted laura and said, look, i can't believe the stuff is this cheap. once then what i come back to, i think the williams and sonoma is an amazing value because the stuff is so beautiful. what about the incredible come back in dollar stores? when walmart blew up, both dollar tree saw it collapse. how could they compete when they don't make that stuff here, you know they got it from china yet when they reported last thursday, except for the candy, reported last thursday both turned in excellent results. dollar general raised the earnings forecast, even though they left the forecast unchanged. it is better than walmart. dollar tree even better, exactly

double the assessment. the company earnings $2.37 per share. wall street was only looking for two bucks. dollar tree at 47% it is unbelievable they raised full year guidance for top and bottom line. they benefited, by the way, so you know because they started to turn around because they have better management than they used to family dollar, still not my favorite, my dollar tree is unbelievable candy aisles both dollar tree and dollar general rocketed i higher last tuesday, they were mostly erasing losses because they sold off on the walmart action. at this point they're flat from where they were when i recommended them at the end of march. before target and walmart, home depot reported a great quarter nobody cared what the heck? why do the dollar stores work when the big dogs are struggling when people worry about a slowing economy, they're

allegedly trading down we have seen people saying things are not trading down to the cheapest retailers and you can't get cheaper than the dollar stores. go to your dollar store and take a look at it you will not believe how nice, in particular my dollar tree is. i have a new dollar general next to me. i don't like it as much as dollar tree but it is a clean, nice store with good prices. then there's macy's which turned in terrific numbers. i have been cautiously optimistic about this one because i believe in the digital track and the ceo. macy's reported though, they knocked it out of the park 10.7 same-store sales growth huge numbers from bloomingdale's it is a great place to shop. people started shopping in person again they realized that an earnings beat pa big chunk of that came from the company's $600 million worth of buy back. who cares? that's a return of capital these were smart purchases buy back is why macy's could

raise full year earnings forecast in response the stock finally was rewarded, jumping nearly 20% last thursday. after the rebound it is only selling five times earnings. macy's is doing great. i think they benefited from the reopening economy but because jeff is a good curator of products by the way, i like blue mercury, too. next up is cramer total trust, total faith, costco. dropped 12.5% in response to the week sure enough costco delivered in line better than expected numbers on every major line number, including same-store sales numbers up the only thing is the ceo was on vacation so he had a stand in but a dynamite call. costco regularly updates monthly sales numbers and yesterday they posted terrific numbers not that anybody cared today. 15.5% same-store sales how do they do that? total sales were 11.8%

the other retailers, costco stock still demands the premium they deserve because they have a fabulous membership business not to mention having better control over the stock of everyone else and don't need to train a lot of people because people don't leave. why? best benefits. everybody i have seen in my costco i have seen for years maybe walmart and target you can't cope with inflation but costco's entire reason for being is to be able to cope with it. on top of the big winners a couple of honorable mentions that didn't beat numbers best buy, better than feared quarter even though the headline numbers were right stocks managed to rally like crazy over the next few days, lots of shorts and didn't blow up it doesn't hurt best buy has an amazing 4 hadn't 4% yield, 1.5 billion dollar buy back. i like the score here very much. don't forget about dick's sporting good. they posted better than expected numbers and slashed the full-year stock. they finished up 10% well, almost 10% why? because the stock had been crushed sbg into the quarter

matt did a good job lowering expectations stores are very clean right now. bottom line, no one made a dime from panicking if you dumped any of these retailers in response to walmart and target you made a very big mistake. you know what? as the market trend down here, every single one of these, every one is a buy david in ohio. david. >> hey, cramer what is going on, my friend? >> i don't know, man i got to see if my plants held up it has been so rainy what is going on with you? >> not too much, man living the dream hey, i have been buying ollie's bargain outlet for about a week since the walmart/target calls, assuming they would be able to benefit from their inventory debacle. since the big lot calls last week i'm concerned about the similarities in the two product mixes. what do you think? >> they report next week did you see the ollie's army thing when you got your ollie's army ticket, it said inflation beaters? they had nothing that sounded

interesting to me. you are making a bet with ollie's right now six months from now they will have better inventory. right now i don't think they have the right inventory let's see what they do for the quarter. i don't think it will be a good quarter, doesn't reflect good inventory. you have to admit when you looked at your ollie's army, weren't you let down i was. dan in michigan. dan. >> hey, jim. booyah >> booyah. >> first time, long time first time, long time. >> all right >> i got a question about calls ksf. >> yes >> i started looking into it and, you know, the dividend rate is attractive. i think the price is getting there, but now i read today that the company is under bid to be bought out and i'm hearing that board members are resigning there. i got a lot of concerns. is that a real -- i mean is this legit or should i -- >> dan, your concerns are valid. your concerns are valid, i have to tell you. this has been a bit of an amateur hour

do they have buyers? do they not have buyers? are they going to change are they not going to change you know what? we have companies like target that are so bash, how can we own a kohl's when we have target stock so low don't forget home depot. let's stick with quality, not what looks like quality. how badly did i have to -- i had to undress myself in front of the whole club of thousands of people because i went with non-quality with american eagle outfitters i don't like them. as i said, this latest better than expected retail earnings are a good lesson in why you should never get too carried away with negativity or emotions look at these. laura albert great numbers in dollar stores jeff doing a great job how can you not love what costco has got? best buy, corey is doing so well dick's, seasonal but right now is the right time. including in my exclusive with art best with the market turning on many logistics stocks could now be an opportunity to buy in

the space. i'm seeing if art best, the woman to see -- it could be the great one, new krrkts eo weep vice we haven't had her on. can we stop talking about the canary in the tunnel it drives me nuts. stay with cramer at fidelity, your dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect.

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♪ for years and years we've had a fabulous bull market in logistics as the ride of e-commerce made gloep supply chains more complicated. what do they know about it then covid hit and the logistics bull got to stampede all over the plates but over the last few months the

group has called in april amazon says they may have over built their logistics infrastructure who else might have too? this may be a weak moment for the stocks but we are still talking about a powerful secular theme, which brings me to our best, that's an integrated logistics company. here is a stock that surged from the mid 20s two years ago to above 120 in december even as it pulled back to 82 over the last five mont. we know a lot of stocks that have done that these levels the stock trade is just six times earnings, maybe because wall street doesn't believe they can make the numbers. let's check in with judy mcreynolds, chairman and ceo of arcbest corporation. welcome to "mad money" >> thank you, jim. so happy to be here. >> well, it is your first time on you got a little bit of a complicated company. people know you as a trucker but

you are more than that i will give you the florida to explain to our viewers why your company is set up in a way that we've seen from time to time logistics and in trucking. we saw it, by the way, when we first started interviewing brad jacobs you have the floor go ahead >> yes well, we are -- we've had some great results over the last couple of years, but we've been on a journey for a number of years before that. i'm really confident in our growth trajectory, in our earnings power, in our ability to successfully navigate whatever the market conditions may impact the supply chain. but we are positioned to perform well through the cycles. we've diversified our service offerings and we've done that in order to really provide the solutions that our customers are desiring many years ago we did some market research, initial market research that told us that the

customers that we were doing business with had so much more that they were spending their dollars on, and so in the last ten or twelve years we've been on a journey to position the company with those solutions we've done that, and it has worked very well our results over the last several quarters have shown that we have had six straight quarters of double-digit revenue growth and seven straight quarters of at least double-digit, non-gap eps growth so we're glad and pleased to be in a position to serve our customer, particularly during these trying times. >> okay. so now let's talk about why the stock market is not according you what i would say is the price earnings multiple you deserve. there are people that believe, for instance, amazon overbuilt there are people that believe that there is no way that you can continue to do what your numbers are if the economy slows because of the fed why should we think that we would want a logistics and trucking company if the fed is

so bent on getting inflation down and you put double digit price increases through, make it so you can't do that anymore >> well, let's see there's a lot there. but we -- you know, we are approaching our customers as an integrated logistics company, and that's key in all of this because, you know, customers have told us they want us to provide more of the services that they need so sometimes their need is greater during times that are difficult for them, where they have soft spots in their revenue growth they'll come to us and ask us, plan with me, help me, and we have 'positioned the company where we have those analysts, those experts that can work through that and combine things in a way that creates efficiency for them and so, you know, we're there for them

we have market growth opportunity that's almost 500 million, and that's grown. >> but -- >> and within our customer base, 5 billion of opportunity just within our loyal customer base >> well, do -- >> so we feel -- >> i agree with you, but i mentioned brad jacobs earlier. he felt xpo logistics was not getting the credit they deserved a beautiful logistics businesslike yours, and he had a great trucking company and he decided, you know what it is two companies and he created a lot of shareholder wealth i mean what happens if your stock -- your price earnings bubble doesn't go up and you can't produce the kind of returns you like, would you ever think of doing that, or do you think that the two are best under one roof >> well, here is the deal. i mean we are very focused on what the customer need is and listening to them. >> right >> and they're telling us that when we sit down with them, our seamless and integrated approach is really where it is at for them we want to be in a position

where we're having that right conversation, and we've had that time and time again. you know, when i first took my role 90-plus percent of what we did was ltl only we came at this from a different place. we've seen the evolution and we know the conversations are right, and we really feel great, especially about our managed solutions which really bring it all together we work through those challenges with our customers >> you're not worried about a slow down right now? >> no. with the opportunities set that we have, i'm not >> all right fair enough. i like that. you know what? it is about time someone said, someone just said, our business is good enough and i'm not worried. i want to thank judy mcreynolds, the president and ceo of arcbest. study this company it may be cheap, incredibly cheap. "mad money" is back after the break. coming up next -

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lightning round is sponsored by - ♪ it is time, time for the lightning round. and then lightning round are you ready? let's start with danny in new york danny. >> hey, jim. good evening my question is about verizon >> i like verizon's 5% yield i wish they had more growth because i don't want to live by yield alone. that's why itch avenue been

recommending the oils, not the telecos. to jerry in california jerry. >> good afternoon, jim booyah >> booyah. calling in reference to oxy. >> look, it has done very well it was not the right call on oxy. it has come back because oil has come back so much. i would prefer to see you in chevron, which my travel trust does alex in california alex >> booyah, jim how you doing? >> i'm good. how are you? >> good, good, good. how do you feel about massimo. >> i think the equipment spells quite well i like the medical device companies. but johnson & johnson has one and they're spletitting into pharma and consumer product and it is a safer stock that punishes companies that sell more than 30 times earnings. let's go to al in california al >> hi, jim how are you doing today? >> doing well. how about you? >> good. the "wall street journal" today

speaks of the -- to the stock that i'm asking you about. taiwan semiconductor was referro in today's journal as having technological leadership and strong pricing power, which is the same mode that you and warren buffett speak of >> yes and no. i don't think they have the pricing power people think they do i do not want to own semiconductor equipment stock at this moment. if i do i would own lam research because i think kim is doing a great job. let's go to raphael in maryland raphael. >> hello, mr. cramer >> how are you >> by the way, my best friend's name was cramer. >> how you like that i'm a c, maybe he is a k though. what is up >> -- i mean at some point it was -- >> total spec. that's all that is, a total spec if you are willing to lose all of the money you put in, then i bless it that's what i'm telling you.

to nick in new jersey. nick >> hi, jim it is nick from jersey pleasure to talk to you. first time caller. so - >> thank you >> i'm calling about philip morris and finding out if it is a good long-term growth and income stock. >> two things. one it is a good long-term and growth stock but, two, you will never hear me recommend it because i think cigarettes kill people i have enough problems on my hands i don't need to push that stuff. that is -- one more. i can't believe we have one more david in florida david. >> booyah, jim >> booyah. >> i got a growth semi for the next decade but no one is talking about it even though it is in the s&p 500. what do you think about monolithic power systems >> i have owned it for many years. here is the problem with monolithic power it sells at 40 times earnings. you know i'm not recommending stocks unless they have a reasonable multiple, then i can't go with it that, ladies and gentlemen, in conclusion of the lightning

round! the lightning round is sponsored by td ameritrade coming up, is the old warning of the canary in the coal mine for the birds? cramer chirps back at chicken little, 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

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can we stop talking about canaries in the coal mine? all day i heard this or that piece of data is the canary in the coal mine. people think, what a cool analogy for recession and it drives me nuts the annoying assumption is the federal reserve needs to cause a recession to stamp out inflation, but i have seen the process play out many times and the economy doesn't always get wrecked. it is concerned that this morning's report was too strong and they will have to slam the brakes semiconductor has gotten soft and basic weakness in chemicals, it could be a sure sign things are about to get rough of course, you have the triad of triage i kind of like that. jamie "hurricane" diamond, ceo of jpmorgan, and elon musk who needs no introduction. all say negative things. musk said he has a super bad feeling about the company, so bad tesla is laying off 10% of

the workforce. we are told, of course, this are c call nares in the cool mine. i'm not seeing it that way he reiterates his view pretty much every time he speaks. he made it clear we could have multiple 50-basis points raises if we need them. powell knows it has a chilling effect on business and it is working. remember when he mentioned we had multiple rate hikes at the end of 2018, that we needed them then they crashed the stock market. we didn't need it then but powell learned the power of his words. he just started out in the job and he is using that power now i salute him for it. he has learned you have to be data dependent and if data says things are still too high he will continue to raise the fed rates. if you look at the unemployment numbers today, pick them down, there are so many more jobs than people to fill them powell can

tighten aggressively without causing serious job losses when we talk about the pain from rate hikes unemployment is the real issue we have the worst labor shortage i can recall he has room to maneuver. everything we are seeing from powell is part of the efforts to slow down the economy just enough that inflation cools down without causing the bad lay-offs what we should be worried about. of course, it is tough to thread the needle and so many people i read and listen to are betting against powell most of the rate hike cycles i've seen we had big lay-offs. if powell can slow down the economy enough for the supply chains to catch their breath, less of a housing shortage, housing rates, i think he will pull it off. the economy may come close to stalling but it doesn't mean the plane crashes. a near stall is necessary to have a soft landing. to put it another way, no bird is dying of asphyxiation here. there is no soon-to-die cool miners there's the beginning of what looks like an orderly slow down that i think will do what we want it is a fantastic combination. it is the best we can ask for

with inflation raging and the federal reserve late to the party. call me a believer, but, sadly, call me the only believer i know except maybe jay himself, or at least i hope so. i would like to say there's always a bull market somewhere and i promise to try to find it for you here on "mad money". i'm jim cramer sunday you monda i promise to try to find it for you. the news with shepard smith starts now >> how in the world did they get it so wrong? i'm shepard smith. this is the news on cnbc investigating the police response to the texas school massacre new reporting on the chief in charge as the gunman killed children and teachers. now, the families eyeing legal action against the maker of the murder weapon. how many new jobs last month? >> oh, my god. guess what it is 390,000. >> why cnbc pro calls it just the goldilocks moment the red