>> playing for a bounce with apple as a proxy selling a put vertical spread. >> mike. >> i like defense and defense. lockheed martin and also one by two put spreads from xle >> see you back here nex lockheed martin, and also an xle. >> we will see you next weekend, 5:30. mad when he starts right now. i'm here to level the field for all investors. mad money starts now. >> welcome to --. just trying to make you some money. but it educates, so call me one 807 43 cbc. or tweet me at jim cramer. every time it looks like they are done, they come right back.

every time you get comfortable, tech wednesday. industrials yesterday. in today. it is brutal and it is completely exhausting! and that's how i feel about this. we have symptoms early today, even as they ended up dipping 38 points. advance point to 22% and 4.2%. today was a roller coaster? we started strong and they got hit in the open morning. right as we were doing our morning meeting call for the cbc club. as usual, it began at 10:20 a.m., and has been looking really good when jeff marx and i prepped for our 10 minute show. but by the time we started, i got crushed. when we finished our 10 minute show, rolled over entirely! at that moment led to a tremendous amount of talent of what i call the dip sellers regroup. the beleaguered -- can no longer take the pace, so they just everything and every

weakness, because it hurts too much. once they are done, the only sellers we have left are the only ones with these, which is what an accident would prove more in the seven box. by the way, that is very positive, because oil prices are the most visible side. they're actually making progress to fight against inflation. a rebound even allows adobe to decline after an essential legend in the forecast. of course, then we get again nearly close, because it is a very tough moment and nobody likes going along into a three day weekend these days. even in accomplice, this is one of the worst groups out there. ditching the oils -- who needs to win? he is going to congress next week to answer questions from the house and senate. i need to say something positive about the oil, as it is the largest, most visible source of inflation. longer-term, i don't think the price will stay down. and it starts to float back to the west. that is why i like the oil so much. we even did some buy in the high-yielding wealth by

capital trust. we will join the cbc investing club. the white house likes to whine about the oil industry. they don't have their votes in congress to make it punitive. they should join up and see which ones they think are right right now. i think that is on the hill. don't just reiterate what he said this week. i hope his will escape inflation, even at the point of causing lots of layoffs. i know it will take a lot of that on the house! we are now entering the roof as part of any chairman's job, where you have to out right admit that he is prioritizing the fight against inflation over job creation. that is never an easy pill to swallow for public service. of course, they will follow them for being too lazy to brace the economy. there is no waiting for power right now. he has to expect except this pinata status and swapping it all around. he especially needs the oil to keep coming down. although like i said before, i doubt that is in the cards.

commemoration of juneteenth, when the last of america's slaves were freed in texas. >> amazing, it took too much after the civil war was over. a disgrace that we must commemorate and remember. tuesday, we get results from the north. this sector has been over for months thanks to higher mortgage rates, but haven't suffered much in downgrades in the holes. this morning though, they finally got hit with a downgrade after driving already 45% from the tide. i think it is still alive and well though. of course it is too high and i wouldn't be surprised if they take this opportunity. now the most controversial builder out there is -- it is the lowest price during the entire -- it is also a little more than two times. now of course, that means well, it usually means that the estimates are way too high. i don't want to speculate, but if it doesn't go down in the reports, i'm going to tell you it will give a green light to watch on wednesday. it might really need the bottom for that stuff. hey, speaking of wednesday, we need to tune in to a company, i only care about this county for

eight years, because it is real good numbers and nobody seems to care. but now we have to see if there is turnover everywhere, including at the top. every portion of this labor is starting to feel the wrath and i want to know they even realize it. it was light on the subject, and plus more portly, they have surveys pick the fed won't start tightening until we see weakness across the board, including wages at the executive suite. you know they've still got a longer way to go than you think. thursday big-name reports starting with tartan, and the capital grille. this stops the hit at multiple target downgrades. however, no actual damage. that's what matters. remember, there is a price in which they represent real value. we might not be there yet. i expect the disappointment, because food and labor and inflation are constantly with the cash-strapped consumer. the old ceo is always in a business with oil prices if that is the case. closing on thursday we hear from fedex.

adding nicely today, as did a week. the shipping company changed and management science and dividend increase, and added three board members because of actor pressure. i don't expect a good quarter. maybe take some profits going to the print. however, i do want to get fedex is read on e-commerce. is it still alive and well? oh, i do we said it was. remember, they imported a good number in the give a good outlook and a lot of people felt that was just way too foolish. they are skeptical now, but where the heck were they skeptical at this time when he was at 700. they get skeptical at 350? sorry, cut in half. finally carmack support on friday. even now that we are at a week number two watch, a used-car channel that carmax has an outside role. sorry for carmax shareholders, but it was a disappointment.

we also want to hear, get this, about repossessions. we haven't heard that term in ages. crucial front against inflation. unfortunately, i think we still have a car shortage because of supply-chain problems. it is decent, but not a great set of numbers. there just aren't enough locals to sell. so many things going wrong at once. i don't like having to root for disappointing early. but now they can only flight inflation by counting down their demand for everything. well, that is what needs to happen. the bottom line, and so we see a pattern of higher employment, lower consumer spending and lower oil prices, just presume you need to sell stocks at any rally, because the fed is going to make sure those rallies are temporary. that's it. i think it was weakened substantially here. the pain might be over faster than you'd expect. let's go to steve in new york. steve. >> hi, jim. how are you? >> long week, steve. how are you? >> i'm doing great. thank you. thanks for taking my call and thanks for taking my call and for everyone especially in these challenging times. thank you, mitch. let's go to work.

>> my session on this. it was about three weeks approximately. a vitamin shop, and other retail brands has been an exclusive -- for $60 a share. do you think this deal is going to go through, and if not, do you think another company will buy call? there is a p.a. system -- >> i really don't like retail here. causes down a lot. if it was a deal, it would surprise me, i admit. i am uncomfortable owning anything when target keeps going down and that is the premier large box retailer. i am reluctant to own goals. that is the way i feel. let's go to katie in --. katie. >> hi, kramer. this is katie jaron from palm beach gardens, florida. >> nice. >> so i thought line technology kicker alg when it was --. i bought it at $202 a share.

i was up $20,000, but now it is back down and it is --, and no --. >> right, right. you know, katie, i was going off with jeff markson looking at our oil stocks. we were up so huge we gave back the games and i want you to know that you are not alone. okay, this is what is happening in the market. you did the right thing and thinking long-term. because you weren't short-term, you didn't take that profit. i'll advise it was this, the line goes back up, because it is not expensive stock. be happy with a 2000 game instead of a 20. we will have to do this together. i so searched every minute, how did i let such a big game gave and co. in such a stock? but i don't think short-term, and we have to be in this together and make sure we take some profits and let the rest run and then we won't feel this

way. troy. >> hi, jim. here from north carolina. >> were back. i want to go to north carolina. i want to go see the panthers. >> it's not going to begin this year pick >> you know, that would make some changes. what's up? >> just wanted to ask you real quick about the six percentage. 4% yield, six-time earnings, hl, is al qaeda -- here, or is it further to drop? >> i think the semis are bad. when i saw it advance with the sox at 96 a week ago, and now 280, i can't count this intel, because amd is taking it to intel. there will come a moment. but right now, right now that group is so ugly. let's see what they say. all right. every time it looks like they are done, they come right back. until we see higher employment, lower spending, and lower oil prices, just presume that rallies need to be sold. maybe we get to the good part sooner than you think.

and jersey stock has been stuck in a rut. we would take a flight to utilities. you know i like to use it. i will talk to the ceo. >> it is one of the most important strategies, so we are playing a very hard game of -- to pass the test. as i just mentioned, bob comstock is been under pressure, but the company under pressure. i am getting the bottom of the recent action with the ceo. so stay with kramer. >> don't miss a second of mad money. follow at jim cramer on twitter. have a question? tweet kramer. hashtag mad tweet. send him an email, or give us a call at one 807 43 cnbc. miss something? had to med money.cnbc.com.

another crazy day? of course—you're a cio in 2022. but you're rea 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 netwo from the most innovative company. bring on today with comcast business. powering possibilities.™

nurse mariyam sabo knows a moment this pure... ...demands a lotion this pure. new gold bond pure moisture lotion. 24-hour hydration. no parabens, dyes, or fragrances. gold bond. champion your skin. 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.

this? this is supersonic wifi from xfinity. it's fast. like, ready-for- major-gig-speeds fast. like riding-a-cheetah fast. isn't that right, girl? whoa! it can connect hundreds of devices at once. [ in unison ] that's powerful. couldn't have said it better myself. and with three times the bandwidth, the gaming never has to end. slaying is our business. and business is good. unbeatable internet from xfinity. made to do anything so you can do anything.

down to the earth, also a group in the market. it's so ugly, hasn't it? it is hard to take, but many of these could be worth buying. the new world's basic utility providing gas and electric service beats out a lot of industrials. this stuff is at 8% for the years, basically 10 days ago. the marketwide meltdown, take a look at the gator stocks. they are just now down roughly 9% of the year. yesterday in new york city, they told great things and ignited some enthusiasm. steady growth, keep stock, only 4% yield. let's check in with -- who has made us a lot of money from this.

welcome back to mad money. >> glad to be here. >> okay, so leo, this meeting i thought was really incredible. we covered three different things. you cover the idea that you have a fantastic base. it is probably the best base in --. you talked about making resilient energy, which means being able to do all sorts of different kinds of energies, but i think that what you really talked about that i left was the commitments that you made. both the people, but also the environment. i always hear a lot of utility and what you say, but it is just an extraordinary performance. which of these higher ranked? >> quality is very difficult to rank them, because they are all important and they all work together, and they are not only important to us, but they are really important to the country and even the world today with everything that is going along geopolitically and the like. but we've got, as he said, to build a resilient system and it

is going to be a lot of investment. particularly as we have more frequent and more severe weather activity. we've got to protect the system from that. in the system that we are protecting some of the most important industries in the world along the gulf coast. they are going to have to not only supply to the united states, but now ever increasing they are going to have to fill the gap in the rest of the world. >> you had a slide about how we need this because of russia! >> correct. correct. >> the thing about russia exporting oil and gas to europe, now they are turning to the united dates and they are turning to the gulf coast. >> lng exports, the commodities that we export, the difference in the commodity of mix between the price of what natural gas is versus what it is in europe. there is a lot of opportunities for us to actually fill that gap and supply the world with the opportunities that we have here in the united states.

>> but at the same time, you've got to keep pushing it. >> correct, correct. >> a lot of people i hear yapping on tv saying that the electric bill is going to get out of control. i read what you doing, it doesn't seem to be the case. >> well, we start with some of the lowest rates in the united states, and we have some additions to the bill. because of the storms that we had, hurricane laura, hurricane ida, that actually created some pressure on customers bills and they are creating pressuring customers bills and over the last decade, we have done a really good job of trying to make our product more affordable as a percentage, so we need to continue to do as much as we can to alleviate that pressure and the investments we make lower cost. one group, which he have a significant amount of that because of those -- >> that is the best part of the country. >> exactly, you have about 60% of sales growth on our part, because those commodities that people make whether it is alkali, steel, lng, the mix of fundamentals for them right now is as good as they've ever been, so they are growing wheat and we've got to keep up, but that growth also helps relieve some of the pressure on the rest of the people's bill. >> you want to have a slide

that our people realize a lot of you are, the factors were really knocked out. are they back online? it is still a long time! >> yes, they are back online. as i said, the fundamentals near and long-term are really strong and are as good as they ever been, if you think about lng, for example. i think today, national gas, and balancing things like $28. well, it is seven or eight here, which is a pretty big spread. and so that, we are seeing a lot of our customers have their investment decisions that are actually trying to move up. it is unique given that the rest of the country is talking about a recession. a lot of our customers are talking about how can we make our investments sooner than they otherwise would, because they need gaps that we need to fill? and we need to be able to fill them for not only our domestic markets, but international markets. >> there was one woman who actually talked about expanding -- is it for nuclear power? >> there is a great hope for nuclear power, and the existing nuclear power plants need to continue to operate.

the country can't decolonize without these existing nuclear. >> we could be like germany. >> well, they are thinking about that again now, and i think we've got to preserve them, but we can't also agree to upgrade those facilities, and our customers are asking us for carbon free products, and we've got this significant amount of capacity already in the nuclear space that is carbon free. politically, that started to become a much more acceptable part of the process, even the administration and department of energy are all trying to make sure that we save the existence. >> it's amazing that we went over everything that you talked about. you know, it is a good company. it is the utility, but now it is a geopolitical force that has everything and must keep costs down in an area where costs are going up, and with the lng facility, the world is now depending on it and this is not what leo got into when he was working at energy pics from the geopolitical significance is certainly something that we

are going to take really seriously. but it also is the most unique decarbonization storage in america, because if you look at the carbon footprint of our customers, it is pretty significant. if you were to rank them as states, our customers alone, just the entergy industrial customers would be the largest omitting state in the country, but they all have decarbonization. that is why they are turning to us for their nuclear power or renewables, and they are willing to work with us in ways to be able to provide products and services to them to get them the cleaning. >> and you raise your, you raise your growth outlook. it is really extraordinary. i think this is a great opportunity for energy. >> we are in a really good position to where you are always planning your business around what happens if things don't go the way i think? >> and today, we've got to put as much effort into what if they go better than we think as we do into what if they don't go the way we think? ready to manage either one of

those, obviously i would know which one i would rather have. >> you have the greatest sports utility in the country. if you want to know this, this is the best. it is the best presentation at one time. it is always the chairman of entergy, my actual favorite. >> coming up. master the unknowns. be ready for any market. another addition of mi diversified is coming up next. >> one of the most powerful energy -- clear 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. 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. 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. 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 ♪

♪ ♪ how's he still playin'? aspercreme arthritis. full prescription-strength. reduces inflammation. don't touch my piano. kick pain in the aspercreme.

's already, we are going to market right now with the oil and natural gas go up and down, and it is really crazy. you don't need me to tell you that. we can all file. but fortunately, we have strategies to protect and one of the strategies is diversification, which can pay for when your sector goes down, but the others might be better.

tonight, we are going to play a little game of mi diversified? i'll tell you if you're folios diverse or not or mix it up a little. let's jump right in and go to frank in new york. frank, you are the first caller. what you got for me? >> hello, jim. this is frank from new york. a big boo yah to you. thank you for all you do and continue bringing the investment power to the people. this market of origin, brutal. i've been recently stopped out of a lot of my positions and i think it is that capital and we directed it to these five stocks. chevron, raytheon, pfizer, sever j, and ford. my question to you, jim, is mi diversified? >> all right, this is a great question, and still doing the same thing that i am. i just took some things from -- but is not memorable for jerry and then moved into some of the soil and they've been absolutely paid after being told it was a pleasure.

let's go through these. the reason they mention is because chevron says you can't have them both in a tent stop, but not in a five. they've got to be replaced. and they put your man in there. now frank, his member and investing club obviously. he had unbelievable numbers, and we saw mr. bussard here was fantastic. fort has been disappointing because of warranties, but also because of a true belief that that is the last thing that you had in your session and i think it is cheap enough right now. it has a good year. pfizer didn't move at all, and it is good news today. it is about being able to give people a little more people like six months old. you know, the vaccine. remove the stock though. they are doing great in defense. we've got to get rid of it. we can keep the auto and keep the drug and keep the defense. i can't have two of many, because look at what happened with the oil. if you had just oil today, you could give up your whole year. so now let's go to zach in minnesota. zach. >> hi, mr. jim, this is zach

from beautiful apple valley, minnesota. hope you're doing well. >> a long ago, where my uncle said -- which people do not work for their money? they make their money look for them. so with that in mind, and after a little trial and error with investment strategies, i decided to just go with what you've been preaching for so long now and get safe stocks with a high dividend yield. i have a few others, but my top five are number one -- number two, marathon petroleum company, npc to get some exposure into the refining are . number three, that devon energy where they are filling it exploration. number four. it capital credit, a rcc. and number five, ibm. which is a position i would like to add more to that is waiting to go down a little bit more. so i ask you, mr. jim, mi

diversified? thank you so much for your time. and take care. >> so thoughtful. so thoughtful. okay, so this is one of those companies that took out earlier incident is, i don't know what they own, which is why i would rather just play it back, okay? because they did well when rates go lower, so i think that goes go. i like wells fargo. it's got the best leverage, and it's got so many things going for it, and it is almost at its low. i understand the desire, this has got a good yield. we got a pretty good quarter last time. just stocks have been holding up. that's all i can say about it, because it is not on fire. marathon, the president is finer now, but they are making so much money, and i don't think you really do anything. devon we've gone forever, but the investing club you can say

well, wait a second, can you on this in this? right now you can't and that's the problem. so you are going to swap out and we are going to swap up marathon pete and we will go red again to humana, because we know the quarter was just reported, and then i talked about it last night. they've got a 5% yield, and it is related to housing. nobody wants housing, but the other european decision that is worth half of the company, and i like this portfolio. it is home and now we got health and we've got oil. we are going to put a bank in and we've got caps. boy is it a complicated time though. that is why we have to play this game, because i can't find the game anywhere. of course, that is our friend chicken, frank. frank in new york, frank! >> all right, jim. a string from hampton bays. i have a real dividend stocks, and i wanted your opinion on b , hold, or sell on these. con ed, duke energy, pfizer, metlife, and tendon login. mi diversified? >> amazing, they are also from hampton bays, and i imagine you will see him at the headcount, or whatever. cal fish, cal fish. let's go over this.

so they are two alike, even though they are both high yield. to tell you the truth, i actually like them better than both, but that is okay. we will -- i am so addicted to healthcare now, i have to put a new one in, and people have to say wait a second, jim, you are going to use humana? but we have pfizer, so maybe that will count. either is a drug, metlife is insured, they are fine. they are doing really, really well. i just like them, because they changed their structure, but now they are back and doing well, and so this portfolio, i like that, because i do think the fence for the state is good. let's add that when in, and i think we will be fine. remember, we got to be diversified now, because it is treacherous out there. let's go to karen in new york. karen. >> hi, jim. this is karen from new york. mi diversified? for calm, eaton, and jonathan controls. thank you. mi diversified? >> wow. that's interesting. first attack, first attack.

well, it is good industrial, not great industrial. we have to swap it out, because we have eaten, because they got the question, for no reason whatsoever. we will keep the industrial get a trade out of johnson controls. once again, we are going to sub healthcare. i am going to put j&j in there. johnson controls, no. johnson & johnson, yes. microsoft, can't own both of those. that is proving to be too hard. they both have trust. and what can i say? we need new healthcare. i will put in a little variety of humana. and then exxon is a fine utility. that is fine, utility, tech, we just put some healthcare in. darn it, we can't do that! j&j, no, we have to -- it makes me so angry. you know what we are going to do? we are going to do an energy company. let's do on david's exxon special of june 22nd at 8:00.

david, exxon, that's what we put in. thank you. i cannot believe that this is the hardest the game has ever been, people. we do not diversify. this market just blows us up. thank you to all of our participants. you know what? those people show up and now that you are allowed to meet people again, i would love to do that. you know, here. my head is rebounding on how far that game is. i've been playing it now for 20 years. we mentioned him on the show. for a tough week, we are stalking like no kidding. getting a buying opportunity for the semiconductor kingpin. we got a check with the ceo, because it was down 10 pucks yesterday. then we are used to think about surprises that hurt the market, but in two scenarios that actually help this pathetic market. and they rapidfire tonight's edition of the lightning round. i hope that is not as hard as mi diversified? stay with kramer.

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. yeah i was so close to the stage when i saw her and she... she pulled me in. wasn't expecting that. it was literally... literally the greatest thing i've ever seen... but i looked pretty hot... so hot. i mean the look on his face... face it! you really missed out on the best time... time of our lives. you really had to be there. when you're with amex, you always have a story to tell. it's never a questi's goin. it's when. ♪♪

bonnie boon i'm calling you out. everybody be cool, alright? with ringcentralnie up on , message, or video, all in the same app. oh... hey bonnie, i didn't see you there.

this market has become a drum house stocks. even ones with great numbers, with supposed to be terrified of what happens to the industry in recession. i think the passion has gone accessible. on the wireless technology titan, and stopping my child trust, which you followed by joining the cbc end investing club. this is down 30 percent from its january highs. we had $10 to climb yesterday. what did you think? some of this is because some people are worried about the mobile market. in attics, for smart phone factory.

it is guilt by association. i see, they don't get enough credit in the auto and oil industry, and the internet is a pain, but nobody was the right now, even the last two quarters were sensational. at this level, the stock sales were just 12 times earnings, 2.5% dividend yield. i think it is cheap, i've been wrong! i think while seat is underestimating how much this company could make, even a nasty -- i t i am going to be right. but let's not take it for me, let's take it with chris shadow. i'm on, he is the president of --. you can understand why this is getting cheaper and cheaper as it goes up. help me, help us. we see the stock go down, down, down, and it makes us think that business has just been shut down. is that the case? >> could to talking to you, jim. look, at the end of the day, all of the growth, and fundamentals of the company remain intact. comedy showing strong execution, operating discipline, since our earnings called, and what we have done is we added volkswagen. we added it to our automotive pipeline, the announced a number of new products across old business, and we completed the acquisition of satellites. so at the end of the day, i

think we see a lot of opportunities to welcome on alto on iop, and in our mobile business, we are executing well. i remind everyone that we are gaining share in the oems that matter. samsung we went from 40% to 75% and we talked about that, and the galaxy is 22. >> now they say -- it is going to be sole-source and samson, gs 23. it had feedback yesterday. stocks went down 10 points. does that make any sense to you? >> look, when you look at the -- we are correlating very well with this stocks. technically, very strong correlation in the entire year. it is really, you know, hard to understand the market right now, but we are really focus on stuff we can't control. at the end of the day, when you think about the mobile market,

you said correctly, we are focused in premium tier, and focused on the share of wallet. we have seen the structure change in the market and have benefited welcome, which is getting sharon samson and executing and sam, that is all new growth for us. at the end of the day, automotive continue to be a strong story for the company. >> has china just totally shut down? are you doing any business in china right now? it will be disappointed when they see it. >> we are continuing business in china. we have, as you know, would expect a lockdown situation. it impacts some of the consumers of business in phones, but we have seen how those things bounce back. and what we have been very focused on in the turn of business is to focus on the high tier share wallet across on or in, and we continue to execute on that plan. >> how about automotive? any new winds? >> automotive continues to be an exciting story. it just came from there. a lot of interesting meetings

in europe. i think it is resonating well with this industry, and really, when you think about automotive, we are winning the future of the automotive out of my conductor business. >> how about gm? >> we know the gm is availing a series of product that everyone is ignoring, frankly, except for the buyers. my wife has simple some business and that it is sensational. that is one person, but believe me, at this point i will take anybody. how are they doing? >> gm is actually one of our most strategic customers. we continue to be very close with them. i think the transformation of the automotive industry with technology is amazing, and gm is actually at the forefront of that. >> now i always thought that 5g was secular growth. now because of the slowdown in the economies that the fed makes one, people tell me that is going to hurt 5g too. isn't 5g the future? and that it is kind of unstoppable? >> i don't understand the comment about 5g and broadband

in general. we all know that 5g is actually going to be the last mile technology that would enable the connected economy. i would just point an example. google this week talking about now extending gcp and entering the 5g private networks. you know, that is in addition to what microsoft had announced with azure operators, as well as of ws. it is believed that the enterprise is going to continue to build 5g. that is why we bought so wise, which is a cloud-based solution added to our facility. we are just at the beginning of the 5g ramp. this technology is going to be there for decades. >> now from the june 1 conversation, you talked about meta-, facebook, virtual reality. no one is giving you any credit for these. you have big projects lined up that you are going to be surprised that you are involved in? >> this is another area where we talk about the growth opportunity in the future. there is another area that we just have at the very beginning of this growth.

and it can continue to announce designs where we have to work 40 different designs. many of those have not yet launched. our virtual-reality and mental reality devices, and you just think about the strength. connection of physical and digital spaces is going to happen, and that is going to be about digital coins of everything from both consumer and enterprise. that is going to be a multiyear growth trajectory as we build the meta-verse, which is the beginning of that. >> now, your stock is at 120. when we saw you last, it was at about 40 points above. do you have -- a huge amount of cash. you are able to do so many different things. are there projects you want to do, or should you just sit back and buy back as much stock because people don't throw away your stock because they don't understand the future? >> that is a great question.

here is how i am thinking about this. we have the ability to continue to do important buyback. you know, we are a company that have -- if we have seen opportunities, we have invested into accelerated growth. we are now looking in how to preserve our ability to do m and a, because as he said, maybe there is an opportunity here given where the market is. >> the means that you are talking to a lot of people. does it surprise you? i mean, you are in the thick of every single growth market. are you surprised that other ceos are silicon valley word very down? you don't sound too down. >> it's hard for us to predict the future, but it is, you know, i am going to give you two answers. the first answer is a lot of this technology transitions, they are -- the trend is very clear, and ome of it is really recession proof. think about for example digital

transformation of enterprises with technology, which has the iop business. you do it for growth and you do it for cross reductions. and the other way to look at this, we are entering some markets that is brand-new for folks that haven't even started. for example, the transition of pc storm. just a couple of weeks ago, they are doing the microsoft build conference and announce the project full tara. they're giving a developing platform to the windows developers with a welcome arm, processor inside for the traditional mark. we haven't even started it. so i feel, you know, we can't really control where the market is, but the technology is driving them in from wealth and technology is still there. everything is still there. well, that is why am not that negative. >> i think that, gosh, i told everyone to buy it from my investment club. i am sticking with it and sticking with you. you have too much in the pipe in the future show, and i thank you so much for coming on mad money. >> thank you. >> i call chris josh, he said he went to kaman?

he said absolutely. he understands the growth of his business, which is multiyear. maybe that's the next eight days! but multiyear. will be back after the break. >> the lightning round is coming up when mad money returns. hey businesses! you all deserve 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 every iphone. ♪ ♪ right now, we're all feelin' the squeeze. we're having t find a new way. but birthdays still happen. fridays still call for s'mores.

you have to make magic, and you're figuring out how to do that. what you don't have to figure out is where to shop. walmart is doing what we always do. keeping prices low for you every day. so you can save money and live better. ♪ what do you think healthier looks like? cvs can help you support your nutrition, sleep, immune system, energy ...even skin. so healthier can look a lot like...you. cvs. healthier happens together. [sfx: street ambience] ♪ ["fly me to the moon"] ♪ ♪ ♪ imagine a community where millions share ideas and trade stocks, crypto and beyond. to the moon?

in other words... etoro.the power of social investing. at adp, we use data-driven insights to design hr solutions to help you engage a top perf, so you can have more success tomorrow. ♪ one thing leads to anotheah♪

stronach it is time. and then the lightning round is over. are you ready? chris in new york. chris! >> boo yah! >> what is up, chris?

>> i am following from new york city, i am a resale investor. i love your show. >> about thank you. >> i want to know, where do you think you are going in the next five to 10 years? >> a fourth percent yield that matters, they just started working on this tremendous new franchise that they bought, and their core drugs are still selling well and they got some breakout new products to do better. i think the general trust goes higher. back to you in california, betsy! >> hey, jim. thanks for all you do. i'm a member of the club, and a go all the way back to larry kudlow. the one thing you and larry agreed on is when interest rates go high, -- will die. i am looking at a video which was at 3:46 in november, and it stopped that now.

will there ever be a time where it will be okay to reinvest in this great company? >> is a great question, obviously got december at 50 billion. it was too big in retrospect we did some selling from the club. that selling was genius, but in some ways it was portfolio management. and that we want to buy back some. should be having about 60 more. that said, you have to buy it gingerly. why? because the sellers just come out of the woodwork every time the stock goes up. but i am with jenison. i am not going to walk away. i am thinking very, very, very long term. that is the way that you handle it. i am going to say fly. must go to eric in new jersey. eric! >> boo yah. my company is a gun/transamerica, simple aeg. >> very good. and very long-term. >> these companies, i like this. these companies do very well. they just take a moment to cycle. i think it is a good one. let's go to kevin in michigan. kevin.

>> boo yah, jim. >> boo yah. >> thinks for taking my call. i've been watching cnbc, and with my dad >> that's what we like! that's what we want to hear. thank you! >> the world of finances. i wanted your input on our ed, which is wanting to figure out what your input is on it. >> you don't like what i have to say. it doesn't make money, and we've got so many good ones in that industry that to make money. i am not going for it, i'm sorry. let's go to jim in california. jim. >> hey, from the valley in california. boo yah. >> boo yah. i'm a first-time caller, and i've been watching mad money for years, and i just wanted to let you know that we appreciate your hard work. >> thank you very much. thank you. >> well, i've been battling for as long as i have been watching your show, but we have been feeling the inflation pain and i've got a couple of questions. currently, temperature putting more than i need to and a

company match on my 401(k). >> i think that is right. >> any reduction in my biweekly pay now would be painful with this inflation. >> indeed. >> however, with the downward price slide across the board, if i can, you think the contribution now -- >> yeah. >> and they have seven more years away. >> and you need the stock, yes. >> my other question is i had purchased a stock that was a share in 2021, and it did 36 and probably should've sold it last week when it was 36. and could tara, it's about the >> the old similac and c.a.p., it is terrific. it is down huge by co-tara, okay? by it. as a joint dividend. lightning round! >> lightning round is sponsored >> lightning round is sponsored by tg ameritrade right there with you. to help you be. me a smarter investor.

with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies tform. because we take trading as seriously as you do. thinkorswim® by td ameritrade

stronach right now everybody is thinking about the next thing that could go wrong for the stock market. we had more surprises. we have barely get getting more about month ago. i don't blame anybody. this market is terrible, but thinking like that is a mistake. tonight i'm going to lay out two possible scenarios. the first, and by the way, it is not actually bush. people. the first involves the word and

war in ukraine. as time goes on, it is clear that russia has got the west over barreled, but -- and we got a global energy shortage, so it doesn't matter worldwide. the same goes for -- obviously, to a lesser extent. we don't know if ukraine will win the war precisely, but it is becoming less likely seemingly by the day. russia is waging a war of attrition, they have more men and -- then ukraine could ever have. our allies in ukraine -- what happens when it comes along and they need russian fuel to keep the heat on? i don't see them sacrificing their economic well-being for the sake of ukrainian democracy. in fact, i think all of these visits in conversations of western leaders, president

zelensky is about prepping him. maybe prepping for some kind of negotiated settlement. it ends up handing a decent sized chunk of ukraine to russia. i am not necessarily saying be over again from france and britain solve the land problem. they ended up giving away the most -- without even letting the czech president -- of course, they will then turn around in the entire country. it is what led to the now pathetic peace in our time statement from minister neville change when. they arrived back in britain after storming out with his allies. history repeats itself. ukraine probably won't get the treatment, but i wouldn't be surprised if zelensky's allies strong-arm into a deal where he's surrenders each part of the country of russia. remember, hundred $10 oil, skyhigh prices. i think it is worth the cost, but i am not confident fans will have it. peace in our time 2.0 would be a travesty for the people of ukraine. it is morally indefensible. but also it would be great news for the stock market, which definitely wants a piece at any price. the chinese government zero covid policy keeps vast laws of

the country in lockdown, and this has been a disaster for the global economy. jenna is only taking these draconian measures, because they refused to embrace western vaccines, and using their less effective homegrown ones. imagine if the president finally gives a thumbs up to the biotech? the biotech vaccine that was just approved for over six months today. that could easily take future lockdowns off the table. china would start making stuff buying stuff again, to helping american businesses tremendously. currently, these american leptons have ruined the chinese economy and they only care about the economy developed over anything else. better part of a decade after his great report turn to greatly battle. in short, he can't keep blocking things down forever, or else he will and of sideline too. could both of these supplies happen? i think it is certainly running the possibility. it is more than 200 days now, when the go to market historian larry williams tells us the average bear market since 1949

has only lasted for 193 days. we are seven days over. i take good news for stocks when either front would be right on time here. i'm not saying either scenario is inevitable, but they are both very real possibilities that you need to consider with starts now another shooting devastates an american town i'm kelly evans in for shepard smith. this is the news on cnbc >> amid a nationwide explosion in gun violence, yet another american community shattered by a mass shooting. >> the person that subdued the suspect in my opinion is a hero. >> tonight, the details on the loss of life and the search for answers. the senate stands adjourned until tuesday, june 21st >> lawmakers leave town without a deal on new gun laws why one republican who walked out of negotiations says he's

do