>> when you have not heard me talk about recently. xpi is down 33% year to date. it is up basically 20% from june 16. i think there is a long runway for the stock with a lot of tailwind. >> we will see you back here tomorrow at 5:00. mad money with jim cramer starts right now. my mission is simple. to make you money. i am here to level the playing field for all investors. there's always a bull market in summer and i promise to help you find it. mad money starts now. hey, i am cramer. welcome ted madden money. i will try to make you so many. i don't just entertain but i also teach you. give me a call. it is messy out there.

it is messy out there. days like today s&p dipped. nasdaq dipped. i think i know why it has been so messy . there are some new crosscurrents and undertows we need to accept that. not every company and every sector is performing at the same level. some are doing okay. if it keeps getting blasted almost daily, they might be worth buying. when i first got in business at goldman sachs i was told that 50% of the top stock performance come from the sector. those were the good old days. with the proliferation of ets they do the best to homogenize or un-homogenize the companies. they homogenize the publicly traded companies.

doesn't it feel like up to 90% of the stocks come from the sector? it feels like a heavy gravitation. i want to remind you that no two stocks are like. more important, it is often a travesty of a mockery or a sham. on days like today i am so steamed. i feel like opening themselves and spewing scalding water on the purveyors of the tech ets. they have to some degree ruined the values of individual performances and made it much harder to make money on individual stocks which has always been a great way for americans to make money. it can still be done. let's go over a way to do it. i want to give you some

examples. there is a perception that all packaged food companies are the same. you hear that all the time. they are all home by inflation and supply-chain problems. the thing that have kept their stocks been attractive for the long-term. this morning a company that we all know, you just have to go to any pantry in this country. general mills gave organic sales up 85%. they expect growth to accelerate and putting them through 6%. this is everything from individual stocks. it is fantastic. it has an emphasis on the highest and pet food. it was remarkable. you know what is so funny? excuse me.

do you remember, i used to throw away the rest of the stuff and eat these. we know that kellogg created a lot of valuable asset plans but general mills is doing exactly what we want. they jumped to a new high today. i think it would be higher if it was not being dragged down by marketwide negativity. this is an amazing quarter for these guys. a little reminiscing to when i was young. this has been a nightmare ever since netflix recorded a miserable quarter. let's say for a second it's just disney plus. you can understand why netflix brought it down. when you go to the netflix themepark who greets you? the squid games? disney gets no credit whatsoever. that is arguably its most important business.

people go to those parks because they love the franchises. could they build a park around queens gambit? how about a tender swindler attraction where somebody uses your american express to go on a shopping spree? i can't think of anything that would be good for a netflix themepark. disney has five cruise ships. morgan stanley put out a slam job on carnival. it was designed to make reservation holders worry about the deposits. do you think anybody is worried about getting the money back? i am pressuring my wife to go on one, just so you know. she needs to get a little bit more open-minded. i'm talking about the themepark on the colorado and texas corridor. put it in new mexico.

they already call it the land of enchantment. i will not charge you for this amazing idea when you do it. then the former facebook. they have something going on with mark zuckerberg saying that his reels is only up slightly. the meta-verse will really be exciting. i agree with him. he's a smart fellow. it is nothing more than a struggling digital advertising company. the most egregious and unsatisfying and aggravating is the semiconductor stocks. we got heavy downgrades in the semiconductors and mike rounds. it is also. after some intel price cuts i was ready for the negative pin action in my favorite amd and

sure enough i got it. even i was not ready for that. the brilliant ceo of amd may be the biggest turnaround artist of all time. i think it is crazy. not only is it high performance computing. she has exposure to the internet of things, airspace, infrastructure. it is nothing more than a process for pcs. you will miss the big story. that story is very good especially at a 52 week low. the only thing worse than the softening amd is the pullback of nvidia. they just announced a revolutionary partnership with the german industrial titan

for artificial intelligence for the use of digital twins. i spoke to both of them today and this is not some idle partnership between two companies that ends the moment it is mentioned. siemens uses nvidia's a universe to make it. they mentioned the concept of the digital twin. the simulation that can improve on the current iteration and be much more efficient. think of it is the next frontier of computer-aided design. it is a simulation that it can stand in for real-world. do you think technology should be lumped in? do you think it is the same thing versus being teamed up

with accenture, amazon web services, microsoft sap, all which are joining forces together to use this? it is increasingly an enterprise oriented chipmaker. that is much better businesswise. frito-lay has more to do with semiconductors and nvidia right now. frito-lay makes chips. nvidia is the stock that i like too much. no two stocks are like. i'm not guaranteeing a soft bottom at disney or meta-or nvidia. these are not problems with milk. we are not cows. stocks are all different. some of that is a lot of pressure with no sell by date, just up by date. can i go to chase in south carolina? >> it is a privilege and honor to talk to you.

>> right back at you. what is happening. >> not much. not too long ago you gave some great advice but i was wondering what you thought about mexico. >> i think coca-cola is great. i have had a jack and kite diet coke and jack and coke zero. it is incredible. i prefer coca-cola because of the incredible open-mindedness about jack and coke. it will be monstrously good. it takes great and less feeling. jean in maryland. >> thank you for taking my call. >> i'm wearing my philadelphia eagles super bowl championship t-shirt today. it reminds me of yesteryear. speaking of yesteryear,

>> it is just five years. how he is coming back. he's got us. i'm not concerned. go ahead, i'm sorry. >> i appreciate you saying that. these stocks that are down 70 that 80% remind me of 2000 when you could pick it up for $20. what is going on here. >> it is a little bit split there. i think that there is a belief that internet e-commerce has slowed and slowed dramatically. only want to do is go out and spend. we want want to sit around and wait for amazon. i think it is going to take at least two quarters before we do not feel that way. stocks are all different. not every sector is performing the same. pinterest announced that there cofounder and ceo will be

transitioning. we will get the latest on that and what the future will hold. and then rolling over for inflation. a potential sigh of relief. we will find out how low they can go. with recession fears top of mind, what is the state of a small and medium-sized business? i am getting a read from the ceo of paychex. stay with cramer. >> don't miss a second of mad money. you can tweet him or send him an email. or give us a cl alat (800) 743 2622.

lemons. lemons, lemons, lemons. look how nice they are. the moment you become an expedia member, you can instantly start saving on your travels. so you can go and see all those, lovely, lemony, lemons. ♪ and never wonder if you got a good deal. because you did. ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria.

visit indeed.com/hire and get started today. there's a reason comcast business powers whose resumes on indeed m more businesses thana. any other provider. actually, there's a few... comcast business offers the fastest, reliable network... the protection of securityedge™ and the most reliable 5g network. want me to keep going? i can... whether your small business is starting or growing, you need comcast business. technology solutions that put you ahead. get a great offer on internet and security, now with more speed and more bandwidth.

plus find out how to get up to a $650 prepaid card with a qualifying bundle. at xfinity, we're constantly innovating. and we're working 24/7 to connect you to more of what you love. we're bringing you the nation's largest gig speed network. available to more homes than anyone else. and with xfi complete, get 10x faster upload speeds. tech upgrades for your changing wifi needs. and advanced security at home and on the go to block millions of threats. only from us... xfinity.

>> what do we do with the beaten-down social media stocks that are very much out of style even though i think they are tremendous purchases. pinterest, a profitable company can see it get crushed with all things gross. they announced that the chairman and ceo was stepping back to become executive chairperson while bringing in a new ceo, bill ready. he comes from google. he was in charge of commerce and payments. i think this makes a lot of sense. right now, they make the bulk of their money from digital advertising. i think of it more as a shopping platform because it is where people go to find stuff they might want to buy. i like this. let's take a closer look with ben silverman. is the cofounder and executive chairman.

welcome to mad money. >> thank you for having us. >> i have to ask you. i know you love your job. when i saw it was so much fun. it was just pure joy to go to your offices. $2.5 billion in sales and now it is nearly $3 billion. it is profitable. is this the time to leave as ceo? >> first, thank you for having us. i love pinterest. i have left running it. i am really excited today about having bill step in as the new ceo. he has a ton of qualifications that will help us to accelerate. and go as a place where people go to get inspired where they can get inspired and take action. i am really excited about it and i'm excited to stay involved in the as executive chair.

>> i know about pinterest for my kids and my wife. everybody knows that's what you do. i'm going to put you on the spot. i was texting with my daughter today. she is a bigger. i asked her what she thinks of it. she said, i love my mood boards whether it is for decorating my house or planning a wedding. i asked her if she had ever bought anything on pinterest and she saidno . you have all those categories that are fantastic. >> i think that pinterest is really uniquely positioned as a platform. there's tremendous information and discovery on a platform. it's a tremendous number of categories. they also have intent. they are there for that purpose.

as ben was just describing, there's a lot we can do to help them take more action on that intent. whether that is making or doing or in some cases buying. there are ways that we can do that. how do you get more closely connected to a place where you can take action. it is tremendous potential to help people do more on a platform and do it in a positive and engaging way that is quite unique. >> would a mood board be cheapened in any way? i know that i have researched this concept. i kind of like the fact that it is not for buying, so to speak. >> i think it is a great place. if the forum people of engaging with. the thing we have to make sure that we do is make sure we make it easy for people to take action when and how they want

to take action. i think that is something that we have heard a lot from pinterest users for years that they want to be able to take action on these things for designing a home and planning birthday parties. these are all things where you get right ideas and you do not want to necessarily have by and shoved in your face but if you see something you want to take action on, you want to be able to get to the way you are going to do that. i think it is a unique thing that pinterest has as both the inspiration and discovery and intent and one platform. >> it is a total inspiration. everybody loves it. at one point 478 million people. only on wall street would that be regarded as something. 430 million is just a huge

congratulations. but i have to ask you. does wall street make your job tiresome? >> we care a lot about our investors. it's one key thing that we talked a lot about when we talked about taking a lot of this role. it's how to create an amazing experience for consumers. i am really excited. the company has a great pipeline of new projects that are coming out and creators for some of the shopping things. we have doubled revenue since the beginning of the pandemic. last ear we were profitable. we are excited to take those resources and invest them. i think that will make everyone, starting with the users, including investors, really excited. >> in your last letter, i love your letters. he wrote in q1 of 2022 the

engagement declined primarily due to pandemic influence growth . then as well as lower search traffic largely driven by the google algorithm change. you were sitting with the person that may have been involved in that. how did you hash that out? >> we have not talked a lot about his last job. we've been talking about his current job. i'm excited to bring in bill with his experience running global technology and customers on a really big scale. having the privilege to build and grow in a number of great platforms. when i look at pinterest, i see something that i think is quite special and quite unique. people come to the platform for daily inspiration. take shocking shopping as an example.

it is a lot more for buying than shopping. if you think about how people shop in the real world, a huge part of that is inspiration and discovery. i think pinterest has a great opportunity to bring that into the equation and mary that up with the ability to take action. that is something that users have organic demand for as we bring in some more and more. >> i know that paypal is interested. i know that microsoft is interested. those discussions never really went anywhere and i have to presume that they won't, now that you have veteran that transitioned to deputy chairman. >> i will take that one.

i am coming to pinterest because i think it has a great potential for a long-term, enduring company. there will be a lot of opportunities for how we can build the company. looking at the organic innovation and the way the company is leveraging not only build but buying partners as well. partnering with shop if i. there's a number of dimensions for how to grow the business. i think it has great prospects of a long-term enduring company for something that is unique and not fully solved elsewhere. i think it is a fantastic place to be. >> i love your company very much. you have always been great to mad money. i hope we have been fair to you. i want to thank ben silbermann , who was a hero of mine. and bill, the new ceo of

pinterest. remember, ben is not going anywhere. he is still the executive chairman. we will be back after the break. >> coming up, it is a commodity confab. cramer with the latest off the charts. (vo) some bonds last a lifetime. some bonds inspire confidence, and some you grow to rely on. these are the bonds worth investing in. for over 50 years, pimco has reinvented fixed income to create opportunities

for investors in every market environment. so, no matter what happens you can build the bonds that mean the most to you. pimco, a global leader in active fixed income.

if we are ever going to get this inflation thing under control, we need commodity prices to come down. fortunately, many of these things had started rolling over. it's just the beginning. so we are going off the chart with carly garner. she is a commodities expert. she is mailing them. in her view, commodity rallies are inherently unstable. she thinks that commodity

rallies are incredibly compelling. they are also temporary. if you are getting copper, oil, or we it's not like you are missing the stock. commodities to pay dividends or have tiebacks. that makes them very unattractive to lower term investors. you know i don't like short- term trading. that's why the commodity markets can be extremely volatile. so when there's a personal commodity ballistic can take new players by surprise. let's go into this. take a look at the goldman sachs commodity index. this is comprised of 24 different exchange traded futures contracts across five sectors for the last 50 years. they point out that commodity prices tend to trade through the 70s 80s and 90s. then it moved up to a new range

in the 2000s. that is where it stayed. even after the recent commodity boom it is back to where it was trading before the financial crisis hit. that is why garner is a big believer in the idea that they have staying power. the adoption of new technology that makes it cheaper the farm, with fracking we had a massive oil and gas climb. this is important. when commodities get to in an's expensive that's when prices come back down. than the commodity collapsed waiting to see what happened. the commodity rally is a commodity collapsed waiting to happen. now for the last 20 years of

action. there's a boom, a bust, a boom, a bust. it is pretty amazing. garner said that everyone of these past commodity boom markets were super cycles. they keep going up forever. if somebody came on air when it was 150 and said it will go to 30, it would have been left off the air but that is exactly what happened. in 2011 we had an oil and agricultural boom that was fueled by the arab spring uprising against oppressive regimes. it felt like higher commodity prices were the new normal. that was the peak we were heading into a decade-long. you

might think it is crazy to bet against oil here. i am partial to oil. they think that these commodity boosts are a lot more sustainable. this was a monthly chart going back 30 years. it is a few years from the pandemic. if not for covid and the war in ukraine we would will be still be in a bad place. look at was. this is awful. once the supply shock wears off we will be left with oil prices closer to the long run equilibrium which would put it right back here. that is the futures contract. if you look at this.

it's a magnet for pricing for the last 20 years. that is the full term. she is not saying it's going to happen to me. just one more burst upside. she just wants you to understand that commodities can go down as swiftly as they go up. so that price sounds crazy given that governments around the world are becoming hostile to fossil fuels. garner does not think that will last. when gas prices go through the roof, it is a different story. plus there is russia. it's not like their oil disappeared they are just selling it to china and india instead europe. the bad news if you own oil stocks, i know that it is worrisome for me. it is very good news for cash- strapped consumers. that is another component that you talk about.

think about the monthly prices going back to the 60s. corn prices have increased gradually over the decades like a staircase. it usually trades in the high range and once every 10 or 20 years it moves up a step. it is mostly traded between three and 460 with that exception of temporary spikes. garner says it is possible. even if that happens she would expect a new quarter to be around five dollars. so seven dollars to eight dollars per bushel will not be the new normal. the longer corn prices stay high, the more money farmers will spend boosting production which only pushes the prices right back down. there's no reason to think this time will be any different. it might just take a little bit longer because a lot of corn is taken off-line in ukraine. this boom and bust cycle is inevitable. that is down 33%. that was in early june.

you can try to fight them but history says you lose. you can still see some short term upside. she thinks it is leveling out. it could get ugly really fast. could give the general reserve a break and maybe the stock market as well. >> hello. i'm happy to talk to you. i am a huge fan. on one of the few college students that is looking for value. my company deals with mining commodities but theoretically should be doing well during high inflation. however, the company is located in south america exposing it to political instability and there's always a chance that jerome powell could successfully shutdown inflation.

the company is vale. >> thank you for listening. the one thing that is concerning is it has become brazil. i think it is too risky to own. let's go to stephen california. >> how are you doing? i love your show. >> what is going on? >> i need your help. i have two stock questions instead of one. one is cf industries holding. it is sort of like crypto going up and down. wondering if it will ever go to the hundreds again and then a question about apple. >> the problem is cf industries is it is boom bust. if you have boom bust and it's been booming you will get a bust. no matter what you do and that is what happens because it

costs very little to get into that business. sell that and be aware that i disagree with carly on oil. i think there are reasons why we are not producing as much as i was told we would. the reason commodities boom is not long for the world. it is time to be prepared because things can get ugly fast if there is too much complacency. watch more mad money including my exclusive with paychex. we will talk to the co. then i am putting the negativity in the context and sharing if it is overdone. we will have your calls and rapidfire lightning round. stay with cramer.

all right. things were looking up until a couple of months ago. this paycheck processor and human capital services provider was strong in the market. it has pulled back lately due to recession and mass layoffs. when paychex reported a really good quarter , the stock might rebound i thought. it looks like i was too optimistic. the pace of small-business job growth slowed and everything else was going right like the fact that they have seen no sign of a recession. this could be a buying opportunity. let's check in with marty to get a better read.

other than out one little bit about me, this was an extraordinary quarter. we are not seen anything bad. >> it is a real mystery to us as well. we had another quarter of double digit growth. we are not seeing signs of recession at this time. >> what i heard was away from that one line is that the margins are terrific. with the fed raising rates things are good. the number of new clients indicates to me that people are still starting businesses.

>> they are starting businesses and we are still getting good and solid sales. we are not seeing losses go up and they are added employees. the biggest thing is a little bit of a slight slowness in the new job growth really because they cannot find people. it's not about a recession starting at this point as far as we can see. >> i was thinking is there still covid? we have a ceo on that told us that covid is no longer as bad as the flu. where do these people go? >> that is a good question. we certainly hear from our clients that they are wondering, where are the people. they are raising wages. we saw that for the 12th consecutive month. i do not think it is covid related at this point. i think it is a shift in the job market. people want to do other things

where they can be remote or hybrid. they are going into service and leisure and hospitality as much as they were before. >> a lot of states have gotten very involved with payroll. they have made a lot of different roles to make it so that an employer may let go of an employee and not realize the ramifications. has paychex been helping people recognize all of this with legislation that has made a lot of people more litigious. >> that is the fastest-growing part of the business. the hr outsourcing is growing and the number one thing we get asked about was hiring and terminations. how can i hire better and how can i engage my employees better and how can i terminate if i have to? small businesses have a difficult time. they do not have the experience of a larger business does. that's why the hr business is

growing so quickly. >> i want to urge businesses out there to listen to what he said. so i just wanted to call up the margin in the quarter. it is back on a client base. when you say invest back, what are you investing back in? >> we invested back to our employees with bonus plans and year end bonuses. we gave money to the charitable foundation that we have. we also our marketing and product development. this was a good time to invest back in clients, employees, and shareholders. >> what can all of these new,

what was afloat look like. i like your company as a growth company. >> it is definitely a tailwind. every 25 basis points is worth about four and a half-million dollars to us on an annual basis . >> the federal government, all of these job bills, do they have things that will be very complex and people need to go to paychex? >> they are coming to us with things like government subsidies and how did they get those dollars. we have the paycheck protection loans but also employee

retention. it has given an average small business like ours about $180,000 in pure subsidy that they can invest. government regulations, we really use that to support our clients. >> that is a great point. once again, to me i'm going to say that it is ridiculous. great to have you on. thank you again. >> every time we recommend this stock it has worked. i am doing it right now. we will be right back. coming up next, cramer is bringing the thunder and answering your burning questions in the lightning round.

did you know your health has more to do with your zip code than your genetic code? that doesn't seem fair. we agree. but where you live determines access to doctors, green spaces and fresh food. that's why we grow our own. smart. we don't think it's right that some people are healthier than others just because of where they live. that's why we're delivering food to areas with less access to it, and helping schools teach kids about gardens. wish they'd taught gardening at my school. you would have aced it. introducing elevance health. where health can go.

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

kick pain in the aspercreme. lightning round is sponsored by td ameritrade. it is time. are you ready? allen is on the phone. >> i was watching cnbc and i saw the ceo. she said in the near future i think we will need clean and domestic energy to keep cars charged. uranium energy. what do you think? >> i agree with you but there

will not be a nuclear power plant built in this country. i have been doing so much work on this. whether it be three mile island or chernobyl, it will not happen. let's go to know well in iowa. >> i am calling about the last few weeks it has been going down and rebounded a little bit earlier this week. ntr. >> it's another one of these fertilizers. ag and corn. brenda in florida. >> how are you? >> good. how about you? >> i am doing great. i just wanted to tell you that you are in the restaurant industry i have an opening and i am going to work it. >> congratulations. that is great. >> i know that you have one that you love. my question for you is oxley.

>> let it coming. those stocks are in for sale. you can buy them low. that is the conclusion of the lightning round. >> lightning round is sponsored by td ameritrade. jim will explain why right now could be a dangerous time the market, next. tomorrow, kicked off the trading day with squawked of the street.

thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. 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

there comes a point in every bear market like this one where you need to be aware of being too negative. i think that is close to where we are now. the market has three problems. inflation, supply chain, warren ukraine, the chinese government's ill advised stamp out of covid with an alibi slot down. this has caused us to get hit with a double whammy of higher inflation and lower earnings thanks to the loss of key markets in china and eastern europe. here we are almost in the second half of 2022, i'm going to suggest we need to be less negative than before when we conjure up these obstacles. when things change you have to change your mind. when you do that you must the goodness through the trees. what is changing? while we are still feeling the effects of the china lockdown,

as we know from nike and as we will hear tomorrow, nobody seems to be acknowledging that china is already starting to open. that is huge for companies that do business over there. i have pictures of the restoration of indoor dining at a starbucks. part of my negativity stemmed from the slam shut of so much of the country. if you want to look at china through the lens of an american company i think starbucks is a lot more eliminating. two large consumer packages could come today. supply chain problems are really easing up. that is great news for inflation. third, nothing short of a massive collapse in commodity prices. the balloon is bringing it down 40% from march highs. housing is down from the same. silver is a key industrial, commodity and is coming down 24%. corn, cotton, and soybeans are still up too much.

we are getting reports that suggest that many of these are peaking. good news for corn prices because cows go through that like it is candy. only oil and natural gas remain up to date. natural gas has fallen 32%. i wish i had an answer for that. the warren ukraine is key. it's not like russian oil production has stopped. they just have to sell it to countries that don't care about sanctions like china and india. this market does not seem to care about them at all. lower term rates are up a bit from where they were a year ago. if you look closely, these are more impacted by the fed. bond traders will overshoot with the rate hikes because they do not recognize how much damage they are doing to the economy. i have to tell you, if you listen to what we are and they should be listening for the damage. the commodity basket is important.

it is mainly targeting unemployment, not the commodity basket. if we get two labor department numbers, not one but two soft payrolls that means it is easing up and being too negative will turn out to be a huge mistake for you and for me. just like being too positive was six sooia tomorrow the news with shephard smith starts now >> big changes at nato and u.s. troops getting a new home i'm shepard smith. this is the news on cnbc boosting america's military presence in europe >> we're going to make sure nato is ready to meet threats from all directions >> tonight, vladimir putin responds, as his bloody war rolls on >> r. kelly going to prison. the king of pop soul convicted of exploiting his stardom and wealth to sexually abuse women and girls. >> robert kelley is away and will not be able to harm anyon