it is still a play in the long run. >> s&p up 1.5%. maybe a character change. one year ago, oih was probably at this level, oil was at 70 bucks. it is not linear, but it's aean rsoto buy it. >> thank mad money starts now. hey, i'm kramer. welcome to mad money. i'm trying to make some money. my job is not just to entertain you, so call me at 100 743 cnbc, or tweet me at jim cramer. at moments like these, it is easy to forget why we ever even liked technology stocks in the

first place. even if tech got approved today, at 47 points, they were jumping 2.28%. why after another or people -- they are clear that they want nothing to do with almost anything in the sector and not just those in the entire move this week. it is a selling opportunity. sell, sell, sell, sell! both have been absolute disasters. and in the whole year, much worse than the already bad averages. the really serious downgrade, they have some critical commentary. it is hard to not get away with the negativity. what we remember is while we like tech to begin with, we do know that there is a slowdown in less money will be allocated to technology. we know evaluation got too high last year because they were in

the system, but also in part because many of these companies were wildly over earning during the pandemic. it was really hard to tell that they were. to throw in the towel now, i heard people doing, it was just bought for $346 to 158, or amd from 164 to 79. that seems overly extreme. they weren't worth what they were selling four back at their highs, but do they really deserve to be as much as they are now? first of all, i need to back up and explain what is going wrong. what four people for so many years. put simply, we confuse the one time only purchases tech by individuals by the height of the pandemic. so use a secular trend that could last forever. we didn't understand the work from home., which was entirely on/off. we didn't understand the work from home wave either in the computer and gaming sales and misjudge the buying and velocity of what was really needed. now before we get too quick, nobody saw mass work from home

coming, and nobody knew that it would end. what looked like an ephemeral trend then lasted long enough to seem like a universal trend. now it is feeling like an uneven, sporadic trend. in that bizarre scenario, who knew if every house would need a new heavy-duty pc headset and dear, or maybe 60 million homes? who would need it? would it be three or 30 million americans, or 33 million americans? how about the europeans? no one knew. then we have three ways of covid, and everyone from walmart to target to amazon to get this work from home thing that can't last for too long. or to work from home forever! so who knew how much hardware to buy or how many warehouses to rent or how much tech heavy infrastructure was needed to meet demand. the whole chain didn't know. everybody, top to bottom. it was an entirely unpredictable scenario, including amazon, that usually has uncanny instincts with

artificial intelligent insights. into this vacuum, it's the growth of roku, ansi, and so many others that seem like great secular growth stories. then they turned out to not really be cyclical, but actually won off plays in the pandemic. something like that has never happened before. that is why so many of us got it wrong. it was almost an impossible forecast. but an uncertain scenario will error on the side of having more product and making more product, not less. when you go that way though, you run the risk of overproducing. that is precisely what happened attack. as one by one, companies recognize the internet which had been put into hyperdrive and switch back to something resembling say simple drive. something that was too much supply coming in and not enough demand for everything tech. and out of nowhere, china locks down its economy to deal with covid, because they have been handling vaccines and then russia fights ukraine in a psychotic war of aggression. both influence the industry.

we are all familiar with tech. but companies alike came to believe that previously fickle consumers have been turned into serial gobblers of all things tech. finn tech, right? i mean like the paypal's of the world. logitech, which we liked very much, but you have to have them here. some companies seem to have insatiable consumer exceeded the tepid enterprise market, which is usually much, much larger. in other words, the consumer market looks like it was bigger than the enterprise market, so everyone filled in info from them. then out of nowhere it reversed and it was up. china switching to a vaccine based system rather than a lockdown base system. now there is a glut of unbelievable proportions for consumers and a true dirt project for the enterprise.

the traders were cut with her pants down. making things even worse, of course, the fed had to take into account the headlong boom to not crash and to keep it out. in that environment in retrospect seems pretty obvious that tech stocks would be wiped out, which is why it went so negative on most of the effort. what wasn't obvious now was that the analysts and commentators would only realize what was happening what i just told you about just now, not back in november! but now, near the bottom of the cycle. they have finally been becoming negative. just when i believe that they should be going positive. tuesday morning talking with the enterprise is getting stronger, and they will soon be worked off. all people heard the consumer side this week. samson came out last night and said that they aren't as fast as we thought. almost instantly people said that the quarter was banned. it wasn't! i wouldn't be surprised if this sparks and much more lasting around intact. why do i think tech now has the

eight-hour? because first the chinese consumer has been coming back and second, more importantly, the are getting as much as he would expect with the slowdown. and in many ways, they are managing the counters as it always does. you can lay off lots of people with new technology and figure out how to make things more cheaply. do more with less technology. you can make better products for tech. all of this is happening now. the smokescreen with the underlying rise of corporate demand is now playing out and playing out fast. many a cycle, i know you can't wait for the inventories to burn off or have online advertisers come back. it makes it look really bad like right now. that means most analysts will only turn negative right here will be wrong. there several months too late. remember when tech society is. to improve an enterprise of a consumer's life with something faster and more intelligent and more hopeful.

the enterprise needs 5g wireless high-performance computing, more than ever, to keep up with command. it doesn't need more pcs or printers or low-end cell phones. it needs top-notch cybersecurity. the bottom line, you need to recognize that tech could have more than just a temporary balance. and these are the companies that provide new life to the enterprise. even as harriet florida. harriet! >> hello there, jim. hey, jim, i held onto my shares of dick's sporting goods, which of course are underwater. but i was wondering, what are your thoughts on specialty retail and gks in particular? >> okay, i have been like more than i like the retail group. one of the reason that i like addicts is that i think will win hobart is i almost think it is sexism. i'm not kidding. there is no reason why that stock should be so low. i bet she would come on every day the week that she is

fabulous. you need to recognize that tech could have more than just a temporary balance. at least if you're looking at companies bringing new life to the enterprise, on the consumer side, i'm not saying that it is good. it is still ugly. tonight, speaking to the enterprise side, c-3 ai had a strong showing this week. so they read a continuous run with the ceo. that is time to get defensive if you want to with a stock like coca-cola. and levites reported second quarter and i'm running through the numbers fresh off the release and they look pretty good. so stay with cramer. >> don't miss a second of mad money. follow at jim cramer on twitter. have a question? tweet cramer at hashtag med tweets. send jim an email at mad money at cnbc.com, or give us a call at one 807 43-cnbc.

had to mad money at cnbc.com. your questions answered, and jim's charitable trust moves. join today at a very special price.

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with a qualifying bundle. what is the deal with the stock of c-3 ai? they focus on artificial intelligence and machine learning. we know the stocks were very much out of style with the fashion show right now. but this thing is not plummeting roughly 89% from its highs. not long with the public. i got a call about c-3 ai from richard in novato last week. what i can say is it has been a horrific performer even though it is run by veteran software -- with nearly $6 million back in 2005. that is why it issued an open invitation to come on the show and explain why he thinks the market has got the stock wrong. i'm always willing to open the

bookcase here because i respect him. anyway, he brought things done from 50%. even his most recent quarter was widely panned. let's check in with him, the founder, chairman, and ceo of c- 3 ai to get a better read on the company. mr. seymour, welcome to mad money. welcome to mad money! >> jim cramer, nice to see you. >> tom, i've missed you. it's been many, many years. so ready to run the show. why don't you give people a chance who don't know you your history and what it led to and what c-3 ai dots. >> okay. this is my fourth decade of the information technology industry. i was involved in starting oracle and building that company and one of the guys who ran it. in 1993, remember we started the systems. it was a very rapidly growing cash positive profitable business where we invented the market and we had about 80% of

share in crm's and customer service before we sold that company to my friend larry ellis and january of 2006. >> and a considerable profit. at a considerable profit for where they were in it. >> was a good business. i think that was the most rapidly growing enterprise software company in history. we went from about 2 billion start of revenue in the first few years. in january 2009, we started c-3 ai, and we've invested about $1 billion into building a software platform and a set of 42 applications. so they take this in the enterprise application software market as a recall, when we started this in companies, it is about half $1 trillion market today and in manufacturing and erp.

and the crm and supply chain and what have you. and the systems enable companies what their cash was and what the inventory was or what the customer return was or what their device failure was or what their esd footprint was. okay, so now we will be doing it at c-3 ai as we build a platform that we call the c-3 ai platform and about 42 enterprise applications. now we have trillions of dollars invested in these enterprise applications and applying the platform to these s.a.p. indentations oracle implementations, salesforce implementation, j.d. edwards implications, what have you, we make them predictive. so by predictive rather than telling us simply what our inventory values were six

months ago, it'll tell us what they need to be. in the next 180 days in order to meet the demand function. rather than telling what customers left, it'll tell us in advance which customers are going to leave us so we can save that. rather than telling us which devices failed, it will tell us which devices are going to fail so we can have that. >> all of the predictive nature, but i also have to be a little more predictive about your earnings. now you mentioned that it was cash flow positive. he made money very fast. now when i look at what happened so far, a lot of these don't seem to be disappointing about the growth outlook or like a faster path to profitability. the must first of all that you've never done anything in your life these people look like you are 24 and you just decided you know what? i'm going to take a lot of money and put it in a furnace. i know you as a guy, who when i read, it is a fourth corner hide under your dash, reaffirms out. that is someone who is saying,

you know what? they are making a judgment may be too early about your body of work. or that we grade you by the number of cfos you have. so we've got to take it at on the people who say that you are not on the right path and explain to them why they could be very wrong about c-3 ai. >> well, if we look at enterprise ai, this is a $600 billion mark. we are the world's leading provider in the space and a quarter of the million dollar software company. we are growing last year and i think at 30% growth rate, which is the top tech growth. we had $1 billion cash in the bank. 900 and you know, roughly $1 billion cash in the bank. i think last quarter, we sent $15 billion in cash. so fast math, okay, we will run out of cash at this rate in 60

7/4. now this is important to understand, jim, and it is true. this is not my first rodeo. this is a structurally profitable business. by structurally profitable, i say 80% gross margins. it is not that hard to run up cash profitable business with 80% u.s. margins. and so it, you know, we have a clear path to profitability. we are spending i think 46% of revenue on marketing, but we cut that down to i'm sorry, 43%. we cut that down to any reasonable number. we could throw this into cash positive profit in actually 90 days. >> but tom, shouldn't you do that in order to be able to -- look, i know you don't want to answer people that have never done what you accomplished -- but investors were saying look, i'm in this thing. i know it is bankable. i want to see right now this year that he can't make a lot

of money from -- >> and for me to throw this in a cash positive business in 90 days, which i can do, would not be in the best interest of the shareholders and not in the best interest of our customers. we have a clear path to profitability in the next, you know, let's say 6/4. with 29% of revenue. our expenses establish technology to 44% of revenue. nobody spends 44%. >> no, i agree. i am an advocate on this one, tom. you and me. you made me so much money to be six minutes that it is wrong. at the same time, i understand that the market is jumpy and jittery about companies not making money. you when i know that that may

be wrong at this time. but i also at the sentiment it is not completely -- >> jim, you know i have an honest perspective about this. i think we are likely to have a bloodbath in the next two years. i've seen this movie before. it is going to get ugly out there. it is an ongoing concern, we have $1 billion cash. >> unfortunately, i do have to lead at that going along. i am with you. i've got a seat. it is a tough line, but you are a bankable person with you for 25 years and i'm not going to change and i'm going to the show. chairman and ceo of c-3 ai, thank you for coming on the show. >> thank you, jim.

>> coming up, cramer's got a fresh take on a bubbly icon. should you be sipping this stock on the rocks? next.

[music - cover of blondie's “dreaming”] [music playing]

♪ dreaming. ♪ ♪ dreaming is free. ♪

sometimes it's the best idea is the most obvious ones. we learn the stocks. i was skeptical about some of them, but there were also some that i liked very much. including coca-cola, the fifth best in the world stock for six months of the year. we had a lot of ground to cover on tuesday, so i couldn't get the story. i see it as a fabulous stock for the moment. of course, i have been recommending this one from the beginning of the year with

interest rates causing economic slowdown the wall street latex is that you need to hide in the defense of the stocks. coca-cola is practically a textbook example of beverages. that makes them when more attractive a comparison with company starting to put up their numbers. that is a huge reason for the performance here. so far it's been fighting with its hands tied behind his back. why? because we've also got rampant inflation and those higher costs of been eating into the companies bottom line. covenants like coca-cola, they have a monstrous earnings, making them track even more. so tons of commodity prices have more or less crass, especially aluminum, corn, and sugar. i'm thinking the next few quarters could be positive. you take away the inflation problem, and we are back in your typical slowdown where stocks like coke tend to work higher. let me put it like this, even

in the face of this awful inflation, coca-cola was already doing really well. when the company first reported its first results in late april, the numbers were significant. we are about 18% organic revenue growth. they doubled what people were looking for. substantially high revenue, fueled by stronger pricing and stronger buyers. even better, coca-cola is operating margin jumped 40 points year over year. much higher than anyone was looking for. these are really good numbers, okay? and that is because pricing was so strong. now people just can't get enough of the stuff. in the end, but translated to off of 58, seven basis, with 16% year-over-year earnings. even with a much younger dollar, which is bad news for a big international company like this one. of course, the company had to bend over backwards to fight and cancel inflation. with classic and practicing, management says that they were finally adding new capacity after holding back for a long time, melting prices down. more broadly, coca-cola got in touch with their customers worldwide and found a way to do

this more efficiently. one of the things that i really love about coca-cola is it is kind of like a united nations and they get together and we will be able to figure it out together in a very loose confederation how to do it best in each country. the funny thing, even though the stock rallied a bit right after the first quarter, the whole market almost immediately started rolling over. we just brought on the stalk of coke too and at this point, it is only 5% that reported a great quarter. while that is much more than the more than 9% but we've had over this same period, it is obviously not good. weird thing is i think that it is only gotten better in the last 2 1/2 months. it makes me so confident. what makes me so confident that this is going to get and take out it's high is well, first, again, this is textbook management. it is a high inflation environment. remember, a lot of people -- not me -- we are going through a serious recession.

it is exactly the company that we like here, one that makes real stuff, turns a profit, returns those profits to shareholders with dividends in the buyback, and also has a reasonable evaluation versus its historic pricing. when i say coke is recession proof, i mean people keep drinking soda even if the economy goes into a tailspin. the same point, it is more attractive now that they have come down from the recent highs. and it is right in line with the last three years. i think 25 times earnings is reasonable given that this company is just under 18% organic growth and is one of the best growing companies in the world. secondly, coca-cola has got a food service business serving restaurants and now they are no longer letting covid control behavior. that business is making a huge comeback. the food business is up against very easy comparisons right now, making this an excellent time to own the stock of coca- cola. third, booze! they are giving -- last year,

coca-cola launched --, which is a hard seltzer. it is a hard seltzer with --. topo chico's filter is fantastic, but when they put it together, it is amazing. it is very competitive. they did very well in the first year. even though it was only available in the country, i like the one in two brands which were everywhere. i am a big fan of pineapple flavors and coke just launched a simply spiked -- but on top of that, they announced a partnership with brands. this thing is everywhere. they did the blizzard in flavor. i think i'm a teenager again. if you told me that this would be the best is growing trademark in business a couple of years ago, i would've left in your face, but that is exactly what it is! apparently the flavor is already a mixer. not apparently, i know it is. it's what i use. anyway, there is the jack and coke partnership. just last month, coca-cola

teamed up to create a candid jack daniels and coke cocktail. including jack and coke zero and jack and diet coke. i've had them. wow. it is launching out of new mexico this year first with the rest of the world. this one seems like was obviously done to me. just to be clear, lisa goes for the coke zero. i vote for the diet coke. they are still being crushed by inflation. this has been the biggest challenge, but now prices are finally going in the right direction. you know cornerstone from its 2020 april highs? 23% decline over the past few weeks. a lot of corn syrup in the stock. sugar is down from the simple highs. these are hugely important inputs. aluminum is done 41% from its peak in march. they are down 18% year to date. as we saw from today's uptick in jobs, i would be surprised if the labor issue problem gets solved in the not too distant future. the only way an area that coca cola is worse off is the dollar.

it is deflationary too. it means that it transformed into fewer feedbacks. not good, but currency fluctuations are easier. the bottom line, so far in a very bad year for the stock market, coca-cola has been one of the really consistent winners out there. these guys were already putting up great numbers when inflation was insane in the first quarter. now it is so many of the key costs that have come down dramatically for the highs on the whole thing is run by the brilliant, irreverent, restricting james quincy. i think coke's results will only just get better. now we are going to go to joseph in texas. joseph. >> hello, jim. >> joseph! >> i followed your story in your show for many years. it is a pleasure to be on. >> thank you. thank you very much. >> yes. i'm a big fan of the company and have been buying since the

glory. just kind of here in there. >> look, i'm not recommending stocks that are losing money. that said, i will tell you that that stock has played enough time in purgatory that i think it actually may be bottoming. and when they cause for someone else in the business of soft drinks, or in the drink of business of fruit drinks to buy only to finish their stable. is very big for the stock market. coca-cola has been one of the few consistent winners out there. i think coke's results are only going to get better as the year goes on. with levi's, fresh off of earnings. what levi is able to tell us about the state of the consumer, and also just terrific results. i will talk to the ceo. the game stop pop today coming up. is this the related panels that make the stock worth buying? i'm going to give you my take and then you can go and read it in twitter and say. on tonight's edition of the lightning round, stay with

cramer! claimant

i'm going to keep telling you in many cases, this market has gotten too negative. that's been my theme for a full week. let's look at levi strauss and company. we know that the space is been absolutely hated. the maker of levi is in the stock plunge with 16 and change today. posted a buffer to go low. it is a close up. levi strauss posted an excellent set of numbers. 23 said basis. higher expected sales of 20% year-over-year. it's when we do look at it. everybody is worried about costs, but the markets were in a resiliently environment. they reiterated. can't blame me

for being cautious. overall, let's call it much better than expect it. don't take it for me, let's check in with the president g levi strauss. >> it is great to be back here with you again. i'm looking forward to see you here in person at your brand new studio. >> i sure hope so. thanks so much for mentioning that. these are outstanding numbers. i try to figure out whether people just got too gloomy because you've been executing a high level. it is incredible, or things have accelerated and we should be more positive about the consumer worldwide? or is it something in between? >> well, you know, the levi's brand -- i've said before here at our investor day a little bit more than a month ago -- it's never been stronger. the strength that the brand clearly showed that last quarter , it is up 20% and we delivered really strong revenue results on reported base 15, 20% on our

constant currency basis. really strong margins, our gross margins were 58.2%, which was equal a year ago in light of all of the cost pressures and everything else. is a testimony that we've only taken. you know, the revenue growth was a combination of both really strong unit growth as well as average unit retails being up 80%, reflecting the pricing that we've taken. the business has momentum. we, as you said, reaffirmed guidance with a full year coming off of the beach this quarter and they have an element of conservative is him. we've got a ton of confidence in the business based on the momentum that we carry through this quarter. >> i think you should because going to say one point that i went to that they were taking a page out of the nike playbook. but when i saw the two numbers, i am thinking they are taking a page out of your playbook that was were extraordinary. you've really gotten aggressive

since he's given that up. >> it goes all the way back almost, you know, almost 11 years since i joined the company. director consumer has been a focal point of our strategy for the last 10 years. it was 20% of the company's business when i joined. it is now 37%. this last quarter was 30% of revenues and we set a very ambitious target of director consumer being 55% of our business five years from now. it is strategic for a couple of reasons. number one, we can control how the brand shows up in what the consumer's experience is in our own stores and on our own e- commerce site. number two, we get all of the data on the consumer experience as well, and that overtime is going to become really, really important. then you know, most importantly, we bring the brand to life in our own retail experience and that is you know, that is what driving our results over the last couple of years. it is gross margin created and

more structurally attracted business for us. we are committed to it and we are going to invest indoors and out about 100 new doors a year every year for the next five years and we will have about 1500 operated stores in the next couple of years. >> i think those are great. one of the things i am excited about that is in them is beyond yoga. you know, at the end of the day the person who is actually so they could be a billion-dollar -- i do see it, i think it actually could be bigger than that. maybe it's because my eyes are too big for what lulu has done, but it is just a great concept. >> we are really pleased with this acquisition, jim. it's really early days, but we just opened up for a first retail experience with a pop-up store at the grove in los angeles and opened on june 25th. we talked to really good start and what consumers experience this brand, the product is really differentiated. a super soft talk about it. and we've now got what we just recently introduced.

we brought this brand -- it'll be over $100 million this year. we didn't buy because we thought it was going to be hundred million dollars brand and we could -- billion dollars in the not too distant future. once we cross a bully and then it is on the 2 billion. we think the opportunity here is really significant, and it is going to become an ever increasingly important part of our portfolio as we continue to diversify this business. >> now i was surprised at the reinvention of dockers. now dockers is kind of an order branch of, and you and i both know that i can i got foot boat into different departments. it is coming back, isn't it? >> it is. in fact, they treated this quarter and has been treated for the first half of the year. the performance of this business, we take a very

different approach to running it. we carved it out very separately and in the past we have run the dockers business with parts of people who spend most of their time on levi's, and it just wasn't working. so now we have a fully dedicated team. it sounds really simple, like why didn't we do this a long time ago? we got a fully dedicated team. that means everybody who works on dockers is only working on dockers. they have true skin in the game on this and we are almost running as of the company's private equity and it's one of our assets and the results speak for themselves. the businesses really turned around and we are attracting the younger consumer or e- commerce business is on fire. they are beginning to take the shape of levi's business and more international business. both of those are structurally than the traditional wholesale business, which is where it had been stopped for a real long time. we are pleased and very very optimistic about the future. >> you know that i am a very

big fan of armand saying he had dinner with him recently. he talked about the priorities. the growth dry. when you talk about growth, about opening stores and you got that 2 billion+. i think the stock goes to 30 if you buy back 200 million of them. he mentioned the private equity and stocks were ridiculously cheap. you and i both know that. there is a dividend and that is one way to do it, but people just think that is too too big. if you brought them back, you have the capital to do so. maybe you should do it. >> our leverage ratio is at decades low right now and 1.1%. we've almost got two points of liquidity as well, and so that is not the issue that the board did approve with $750 million share buyback to be pretty aggressive with that. we returned $80 million in

capital and shareholders through both dividends and share buybacks and we are going to continue to be aggressive and bring back our shares. it was priced at 17. we've been unfortunately punished and pummeled with the rest of the industry, but the business -- there is no question. we are a far stronger, far better company today than we were when we went public in march of 2019. and evaluation is a real opportunity for smart investors and we are real happy with our investor base with a lot of long investors in the stock and we've been very concrete about our return of capital that is going to be something we didn't do at the time of the ipo. i believe that is going to continue to attract investors

that were really interested in the long-term ride in the long term potential of this. >> i think it is just a ridiculous achievement i know people are too gloomy and they had a recorder again. i want to thank you and i hope that you see them in person again. the presidency will be much faster. graduations on the quarter, sir. it is great to see you! thank you very much for talking with you, jim. >> coming up next. >> let's make money again, what have we got? >> cramer is bringing the thunder and asking your burning questions in today's edition of the lightning round.

lightning round is sponsored by td ameritrade.

>> it is time! the lightning round! are you ready? eric! >> hey, yeah, jimbo, from san francisco! >> what's going on? >> yeah, good to have you. i own a bunch of dh gigi. >> i don't know what to make it. visio brought it on a stock from the 20s. i thought it was going to bottom there and then it went down again and then at 18, i don't know, to me it seems like the bulls are going to win on the side. let's go to bob in massachusetts. bob. >> hey, jim. things for all you do. looking at the national gas space. i know you like --. i'm looking at something a little bit cheaper. how about comstock resources? >> comstock resources, very cheap stock. i'm glad you mentioned, devon. we have big, big positions in the oils for my travel trust.

there has been a lot of nice things being said about the travel trust, and i hope people watch monday. we are going to do a big club meeting. let's go to horace and marilyn. chorus! >> hey, jim. i'm a first-time caller from maryland, and i want to thank you for all of your advice over the years. >> thank you. thank you. >> like many others, i am struggling in this fair market. i would like your opinion on the stock purchase of a much higher level. i wonder if i should sell or buy more of moderna? >> i think that is the really real deal. i think it has not come down enough. i would want to own moderna. i do like pfizer more than moderna, because it was really really smart acquisition. let's go back to robert in colorado. robert. >> hi, jim. i'm calling about okay ee.

i am wondering if i should keep it for the long haul a checkup with a? >> oh, no. keep it. look, i know -- i'm good friends -- well, it's been a long time. walled is one of the best people i've ever seen when it comes to oil and gas. i think that is a fantastic stock with a great yield. i think you should own it. okay ee, a great stock. tom and rhode island. tom. >> boo yah. >> shields in the house. open some stocks, people are controversial. what's up? >> we have seen the decline in the auto industry. what is your thoughts on genentech going forward? >> you know, they do a lot of really good stuff inside of a car. a good deal. i'm going to say that i'm starting to warm up to autos. nobody is warming up to autos except for me and i was like to be the only guy. >> already, jim, great show. i was going to ask about -- >> i think it is a 12 times earnings or too good of company.

and that, ladies and gentlemen, is the conclusion of the lightning round! >> the lightning round is sponsored by td ameritrade. >> coming up, cramer sees a big opportunity for this ultimate stock. does game stops future lay in the meta-verse? stick around. >> cramer, you are super! you are awesome. >> a first-time investor -- >> thank you for inspiring me to get in the game. >> your show is the best. >> i want you to know that you have transformed me. thank you, cramer.

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we all love stocks was, don't we? we know that it didn't change any at all. but companies are doing incredibly well, maybe the expect -- so when game stop in and say 4 for 1 split last night, possibly something good going on that i hadn't heard about. when i checked the press release, lo and behold, all it said was the additional shares would be distributed to july 24th. no medical the stock took off of course because it is controlled. they control the action and they can pick it up and never really see that with the slightest positive catalyst.

they just go do it. now i don't know if the groupies and ministers will ever come to grips with the actual problems here. of game stops fundamentalist, which are, for lack of better term, powerful. games up will more than six bucks per share, this year only about four dollars per share with next year and better still by i don't know, maybe, maybe better than the short stick anyway? companies aren't able to take these losses by stealing stock to its shareholder base. only individuals who are deeply in love with the concept could only stock to be sustained losses. but what really drives me nuts is that somehow even though the entire gaming has been crushed because people feel safe to go outside again, these people still can't get enough money to throw at game stop. here's what we know about gaming. first, covid europe took enthusiasm for video games. which means less demand all around. second, according to cory barry, the fact that the ceo of best buy doesn't expect any new hardware lunches of this year or the next. the latest consul cycle could be soon running its course. plus the hardware side could become problematic. in normalcy post-pandemic, there was a lot less reason to

invest in a fancy gaming set up. there are even the best operators like take two interactive that are struggling. jim stop is far from that. frankly, it is a superfluous operator. now the company is shutting under stairs. that is good very hands automatic. ostensibly led by brent cohen. i hope he's inventing new things, but i'm not sure about his investing as of late. he recently cut a bunch of money at bed bath and beyond at around $15. it is still five bucks, even after a huge today driven by insider by. game stop shareholders are clearly betting that this time he is leaving user focused on the game stop. not bed bath and beyond would bring new ideas. fortunately, with game stop, cohen, and his rabid reddit followers who cheer on nonstop every day on twitter.

well, i come bearing just like new idea that could save this chain. even if it doesn't work, it's not like this is lost to us. right now all of the meta- platforms, virtual reality, it doesn't emphasize it. even though vr is one of the few areas where people are likely to buy something in person. hey, you want to try the headset before you pay up. we know that facebook is betting on the meta-verse. they think it is the future. having game stop should just go all in and become basically the brick and mortar arm of meta platforms. i'd even go to mark zuckerberg and begged visit permission to be known as the meta-store. there would be many iterations of metas across the platform. we've already had a few. i can think of better places to swap them out because he get money to do and when they have the ability to do that type of thing is game stop. games up can hire reps for mehta. they might even be able to make mehta pay for the reps! i know virtually they haven't been able to come on yet with the consumer, but selling physical video games is no

future. people can just download them over the internet. that is the point to stop once a future. they need to make a big bet on something new. i think the meta-verse is their best chance to stay in business. maybe it doesn't work, but unlike their current business model, there is a possibility of success. like i said, more work in the summer. i am jim cramer. see you next boris johnson says he's stepping down as british prime minister. what does that mean to the u.s.? i am shepard smith and this is the news on cnbc. >> i want you to know this is the best country in the world.