still own it. >> that is like split one for -- reverse split for age. >> i thought it was 80. >> their vs, i don't normally love buying a stock up 6 bucks. >> for six bucks and not a stretch evaluation at all. >> thank you for watching fast money. you get to see how nice i am or not nice. mad money. my mission is simple, to make you money. i am here to level the playing field for all investors. there is always a warm market summer. i promise to help you find a. mad money starts now. >> hey, i am creamer. welcome to mad money. welcome to tomorrow. i am just trying to help you make some money. my job is not just entertaining but to put days like this in perspective. call me or tweet me. we spent so much time criticizing the fed that frankly

it is disconcerting, if you ask me. if you listen to commissioner wisdom, you think jay powell can't do anything right. whenever something good happens with inflation, we are told to not get -- anything bad falls right at the feet of fed chief jay powell. we are told there is nothing to do with the federal reserve's attempts to slow down the economy and everything you do with -- these guys cannot catch a break. even with the dow jones 416. point doesn't mean it gains 1.5 stick -- the nasdaq falls 2.59%. you know who rarely ever get the heat? congress, congress. it is one of the most hated institutions in america, regardless of which party is

running the show. i spent a huge amount of time pushing for the chipset, a $52 billion bill to promote domestic spending manufacturing. we would it be totally hostage to an industry that is mostly based on the other side of the pacific. yes, taiwan, where there is a big hoopla about the speaker going to. we had a semi-cut shortage. i figured it was a slamdunk. we needed congress to make it less expensive for companies to build semiconductor foundries in america. i was so thrown this past. until i found out the bill, now called the chips and science act, would be $280 billion, not $52 billion. this is what is known as a christmas tree bill. the core legislation was so popular, realized he'd get away with attaching all sorts of other asks and guineas. i'm not a deficit hall. it is stupid to spend all that money when all we needed was semi conductor incentives.

then there was the inflation reduction act in 2022 which is a slamdunk rebranding of buyers build a better spent the still. if you're worried about inflation, these big spending bills are not the way to. i think the fed contained inflation that it drives me berserk that the same people who want start breaking jay powell over the coals for not doing enough really have anything critical to say about congress which at this point it may be the reason why we have a lot of inflation. say what you will about the fed. they've raised interest rates to get inflation under control. congress is still in money printing mode. you think we got a labor shortage now? white-collar labor shortage? blue-collar labor shortage? where the heck are we going to find the engineers or builders for these projects in the expanded chips and science act in the inflation reduction act? the private industry is desperate for these people.

the rates down alone it needs 5000 engineers right now and they can't find them. they can't make them entire because they are hampered by supply-chain issues which means they will raise prices just in the fed needs to hold the line. i know all the industries that will be impacted. and once were there is little hope of finding more workers. do not get me wrong, i pushed hard to get the semiconductor bill passed because i was concerned about taiwan's ability. we can't let them be our sole source for expensive chips needed to build sophisticated weapons when china seems eager to invade. it was a huge picture for secretary-general mondo. she is a hero to me. a hero for her efforts to get semiconductor stalled here. where are the other $230 billion come from? this economy can't handle that inflation spur. the whole thing is an embarrassment. which brings me to tonight's -- 15 years ago our economy was about to fall, the fed tightening, tightening. 17

consecutive rate hikes over the previous three years. came on eric to talk about the market and instead couldn't take it anymore. i knew the fed was totally out of touch. a crushing the economy when they thought the economy needed to cool down. i've been talking to the heads of the largest mortgage companies, banks, and some of the top five brokers were begging me to go out and explain. they were going to go under along with many others because the fed was just raising rates to aggressively. i needed their attention. i wanted to stop things so badly. it was obviously that american finance institutions were all about to collapse if the mayor discontinued. i was younger of course. the people from harbor more off the tops of those firms and stays. they were all quietly begging, begging me behind the scenes to speak out but i went.

finally i couldn't take it anymore, so i did. i took on the fed and it was a wildly watched moment, the most pressure of my career. take a look. >> my people have been in this game for 25 years and they are losing their jobs and these firms will go out of business and he is not, they are not. they know nothing. >> creamer? >> i have not seen it like this since i went five bid for half 1 million shares in citigroup when i got hit in 1990. this is a different kind of market. the fed is asleep. >> well, it didn't do any good, things crashed. i gave it a good college try. a lot of people said i was off my meds. even someone who used to work in the morning show at 7:00. we find ourselves at another juncture. this time it is not the fed that knows nothing, it is congress. >> they know nothing. >> these bills could create a level of wage inflation that would make the fed's job much

more difficult and keep inflation raging. in fact pouring gasoline on the fire and they won't stop. they do take the government forever to start this project. it might be the only thing that can save us from ourselves. as i said for the last couple weeks it has peaked. anyone who disagrees must be out of the line and can't read the paper, the web, or wherever you can find it. one of the heads went to the supermarket the other day and stops trading. she said she saw the pain. supermarket is -- >> the house of pain >> sure the supermarket is filled with overpriced food but that will come down because the real cost of food is the cost of the paper, and plastic that surrounds it and those are rolling over definitively. you need to look at the ingredients not the price tags.

same goes for a house. mortgage rates have spiked so much that we are about to have a glut. the bank stocks are telling you that, to. just like the oil stocks are telling you were oil is going in the chemical and paper stocks are giving up the ghost. how can they not see this? because like when i said -- >> they know nothing. fed officials had a good laugh at me check the transcript. these people do not know enough about which i the inflation. the intractable fortune is not the commodity it's the wage inflation. the fed has to him in private industry because the government will be the largest nominal buyer of labor that has been bid up by private industry. i want people to make a lot of money. i don't want people to lose jobs or their homes if the fed has to crush the private sector with higher interest rates. congress keep spending. i don't know how drupal can stop chance of dollars in spending we have the lowest employment rate in decades. bottom line, i am still able. i felt bullish when i saw commodities were going in the right direction and i'm confident about wage inflation to if not for congress. if the rebranded stimulus bill

doesn't pass we have got nothing to worry about. if it does, we can only hope it takes years and years for the government to put that money to work. and once again, when it comes to congress followed new jersey paul. >> this is paul from -- formally from do providence. >> fair enough. you are my neighbor. >> yes, okay. all of my holdings pay dividends. i am considering buying volta which doesn't pay a dividend. what is your long-term view and should i break the mold of not having -- >> we were discussing ulta being down so big today. i think it is an opportunity . we spent some time with dave kimball, the ceo. he is doing quite a good job. dennis and connecticut, dennis.

>> jim, big blue got to you. i want to thank you for everything you do for us little guys. question is about the defense sector, two months ago, the war was all over tv. since then we haven't heard nothing. you don't see nothing on tv. the gains we made in the defense sector, we gave back. it just seems like a flat. would you stay with this? >> absolutely stay. i think he is doing a terrific job. they are more than just defense. that is a very good stock. >> what's going on. >> i wanted to talk to you about ferrari, being that we expect consumer spending to come down later in the year, it

makes sense to invest in a ferrari what would you look at more economical options? >> i look forward very much. i wish i had my jacket that my wife makes fun of me for. i think that is a great stock. it is a little different and a little bit more volatile but a very good company. i am still able. even though i felt bullish ever since june when i saw commodities going in the right direction, i would be confident about wage inflation, too, if not for congress. the semiconductor chips away at amd today after earnings. is the stock to serving of all that selling? i would check in with the visionary ceo physical summit loss is luster.'s attempt to take a second look at the metal? i'm going to the church to find out. should we be circling back to a stock like thermo fisher? i am getting the latest with the company's top grass. day with kramer.

♪ ♪

i was having relationship issues with my old bank. next to no interest, the fees... it was just take, take, take. so i broke up with bad banking and moved to sofi checking and savings. now i get higher interest, pay no account fees, and get my paycheck two days early. break up with bad banking. get 1.80% interest, pay no account fees, and get your paycheck up to two days early. download the sofi app and earn up to $300 when you set up direct deposit. sofi get your money right.

what do we make of these results? last night, chipmaker portable, i can only describe this. let's call it a complicated corner. the earnings were only and mine cash flow came a little below expectations at the same time. they left their forecast unchanged. the revenue for the current quarter was weaker than

expected. they still say they will make the error. that's why stocks sink slightly today after blowing from the low 70s at the bottom of last month to the high 90s. was this really a bad quarter? did it deserve to be down six? when i woke up at 3:30, has anything changed about the long- term story? maybe they are navigating through temporary weakness and pcs. i like it. i happily own it for my travel trust. please don't forget tomorrow's 12:00 club meeting, i want you there. do not take it for me. earlier, i got a chance to speak with dr. lisa sue, turnaround artist chair and ceo. take a look. >> versus was a remarkable quarter. i don't think people understand the strengths, not only because of links, but but because of the new chips you have. i think you should explain to our viewers who know you are implacable and ahead of the

game. how strong our quarterly ratings? >> it is great to be with you here. we are proud of the quarter. we grew 70% year-over-year. we saw all of our business segments grow and led by the data center. we have talked about the data center. we talked about how card players need the highest performance capabilities. we are pleased with the growth. we saw 80% growth there. we have a lot of products coming in the second half of this year. it is exciting for us. >> let's focus on that for a second, you are coming up with a small form factor, a five nanometer. how many other companies are there to compete against when you come to the tech titans? >> there is no question that we are pushing the envelope on technology. as much as we love our current chips, which are in seventh animator, like the lawn for italian cities -- >> the roadmap of italy. >> absolutely. our next best thing is genoa.

generally watches eight this is late this year. it is a brand-new architecture sent forward. it has a lot more performance and capability. that is what large data center and cloud players need. that is what we have been working on. we are very much about meeting and executing to our roadmaps and that is important for our large customers. >> what you said seems to elude people. you are talking about a strong back and. you have the best chips and people are clamoring for them. in the interim, there was an excessive focus on a smaller part of your business then used to be, which is low in pcs. it seems to be the focus. >> what i would say is amd is a bigger company now. if you look at all the pieces we have, data center, embedded, and yes we have some of the consumer facing businesses. you said a, many people have seen it, there is a big big of

consumer headwinds given the back of the situation. we have taken that to account. that is important we do risk the portion of our business. key is we have this great portfolio to balance, depending on what is going on. it is all about getting the best and the data center and the embedded business, getting those ships ramped and getting them to the customers who want them. >> i know the cash flow is disappointing to some. i'm trying to figure out whether that is because you have an inventory build you might not want. some people feel you have chips you can't sell and that is without cash flow number meant. it is a little confusing and more complicated than that. >> absolutely not. we don't have excess inventory. when we look at cash flow, we are growing so much as a company. that means we have to prepare

for the larger second half of the year. there were also tax implications that went from last year to this year as we became much more profitable. the key is our operating margins were strong. you can see that across our businesses, particularly led by the data center and embedded businesses. more importantly it is what we see going forward. even in this backdrop, we see significant growth. we guided for the full year 60% year-over-year. we are very excited about what it will do. >> another thing is remarkable is it is very clear from the lift that the combination has allowed you to get chips that maybe were at least say you were able to accelerate the growth once they march with you. >> very pleased with the performance. first of all as you know, it was a great business. all along they had great exposure to important markets.

they were actually quite supply constraint last year into early this year. we have been able to accelerate that with a larger supply base that we have. what i can say is that they are everywhere. it is nice to see when you look at markets that are not a and b markets, things like aerospace defense, industrial, test and communications. 5g is wrapping in the second half of the year. those are things that i had more capability and resiliency to the overall business. >> should we be looking at the companies of a larger pie and ever shrinking portions of the park >> that was exactly the strategy. that is the strategy we have been on from the beginning. if you think three or four years ago, we used to be 85% exposed to consumer.

today we are 40+ percent data center and embedded. by the time we go the next couple of years, you will see the data center embedded be the largest piece of our business. we like that because that is selling to large customers, businesses, cloud manufacturers. what we are working on is the three year roadmap and what do they need, not just this year, but what do they really need over the next few years? >> worth it to buy more common stock. i was surprised you didn't buy that much versus the allocation you have. >> we do have a strong buyback program. we will continue to be opportunistic through these times. we have a lot of confidence in our business going forward. you can expect us to take the right opportunities. >> my mother always said that comparisons are odious but you did pass intel's market. your stock wasn't five at dinner . you told me that could happen and i was on the wrong course. it was gutsy and i didn't believe you. i was wrong. you are right. how does it feel

to after years and years of the dominance intel to be where you are? >> what i will say, what i really like is the position we have with our customers today. the way we look at this is we want to be the most strategic partner in the high-performance computing market. that is our goal in life. we made very good progress there. i love that our customers are improving their future with amd. >> my conclusion is that you agree with my mother. i want to thank you so much, amd chair and ceo. congratulations. >> thank you so much, jim.

let's talk about gold. this has been a bizarre period for precious metals. i am a big fan of holding some gold as an insurance policy. it's against inflation r economic chaos. in recent years, it has really -- last year we had rib inflation" didn't do much. i thought the corporate was crypto, the people who normally hide money in gold work instead buying crypto currencies because the coin imperium, they built safe store hold a value, nevermind that it wasn't true. the whole crypto ecosystem has collapsed. gold is basically flat. you can argue it's trading like the fact that had no problem

beating inflation. it hasn't been working and had to get inflation in recent years. i don't know why that would suddenly change now. ever since march, gold prices have been hammered, a real ugly downturn. is it time to throw in the towel and give up on gold? not so fast. tonight we are going off the charts with larry williams, a legendary technician who has been doing this since i was is it phase 2 major. larry has written more than a dozen books it's been a host of his own. in which you use constantly every day. on top of that, his recent track record is ridiculous. nobody else wanted to touch the stock market. most recently, it called the l incredible latest earlier this summer. that's why i am going back to him.

in short rams, spotting moments where everyone else is throwing in the towel which means it is time to buy because everybody who is going to sell will have already sold. which that exact same kind of capitulation moment and precious metal. the general population had a miserable track record of coin tops. that is true when looking at a gold. when you take a look at the weekly chart, this is the weekly action going back to 2014. with the commitments of trading report. that is the report i like to talk about what data on the bottom. this report is a fabulous tool. it tracks the future positions of small speculators meaning home gamers meaning mining managers and commercial hedgers. many companies have worked with underlying commodity. right now we are looking at the small speculators in gold.

williams finds that with the small speculators get to bullish is almost always a sign we are near the top. when they get to barash, it is almost always a sign we have got the bottom on our own hands. small speculators are not long, 92,690 contracts for gold which get this is the smallest long position since may of 2019 right before we got a major boost in gold. by the way, i scolds recent peak in march, these small speculators belong to hundred 37,000 contracts, third longest at position in four years. we know that they are on the wrong side of the trade. is leading say just do the opposite they are doing. he points out in the last nine years whenever they're not long position gold has been this low

the actual metal has rallied and the best-selling points all came at moments when they had a large long positions. look at the way it spikes whenever they did. take a look at the weekly chart of the gold futures where there is valuation model on the bottom. this shows the spread between gold and the. right now his model shows that gold is buried under value which we know has been strong. something has been a reliable harbinger of gold rallies in the past, seats wide. one big reason for the recent a performance as the dollar has been so strong. this is another commodity that has dominated in dollars. you know it might be more important than currency fluctuations? oil. williams has a very interesting clinic. he says has been eviscerated because they expected the precious metal with rally in response to high inflation

numbers. you look at the history, gold is generally more responsive to the price of oil than to any other inflation metrics, like the consumer price index. take a look at this weekly gold chart with larry forecast for gold in right. this line is actually just price of oil pushed forward by eight weeks. he loves to do that and it's very responsive. this is been a powerful tool for predicting the price of goal in the past. look how closely the trade together. williams says it is his roadmap. and basically action oil pushed for by eight weeks. he thinks now is the time to buy gold. his forecast says it should be ready to rally here. where do i come down? i know it has been tough to bet on gold this year. right now, the charts may finally be on your side. boy does not make a difference. charts interpreted by the legendary larry williams suggest the general public is giving up on gold and he thinks that makes it the perfect entry

time to do some buying. my view, you don't bet against this guy when it comes to spot and bottoms. he may be the best i have ever seen. let's go to keys in georgia. keys? >> hello, jim. >> i am good, keys, how are you? >> first time caller. as you do for all the retail investors out there, you are awesome. i hope you never retire. >> sure try hard. >> this company reports leslie. what is your thoughts on empirical? >> if you want to earn equal sockets the one to buy. it's the best one company but gold has been a bad investment. i have not backed away from derek as the stock to buy because it has certainly done better than most of them. you have to be a gold bug to buy the stock back. let's go to nick in colorado. addict?, jim. this is nick in hot colorado.

>> we got the same problem going here. what's happening? >> wanted to get your opinion on bell fa? it has the dividend of $1.45, a guild of $1.25. wanted to know if it is a good place to park funds. >> you're not supposed to buy that stock going into a recession. even the bulls admit a session is a possibility. we can't let one day influence our thinking it is off the table, even though you you know i am more bullish than anyone on air. let's stay away from valet. the charts suggest that gold could be ready to rally and might be the perfect time to do buying. much more money ahead including our exclusive with thermo fisher. reporting a beat and raise quarter last week. i will uncover the strengths with the company's ceo made us a lot of money. oils pains is it the text game. does that make any sense? i'll give you my take. over your calls rapidfire and tonight's edition of the lightning round. stay with kramer.

(heartbeats) introducing icy hot pro. ice works fast... to freeze your pain and your doubt. heat makes it last. so you'll never sit this one out. new icy hot pro with 2 max-strength pain relievers. ♪ ♪ the thing that's different about a vrbo vacation home. you always have the whole place to yourself. no stranger at the dinner table making things awkward. or in another room taking up space. it's just you and your people. because why would you ever share your vacation home with someone you wouldn't share your vacation with. ♪ ♪ ♪

in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there.

i don't know, maybe it is the rearview mirror but we have to ask is it finally safe to circle back to some of the companies that have been -- for being what we call covid please? thermo fisher scientific, a no drama company i like to describe as the arms dealer for life scientists in pharma. during the darkest days of the pandemic, fisher made a lot of money selling covid tests and big-ticket equipment for companies developing their own

vaccines and treatments. that was great until wall street went into post covid mode, which is why the stock fell from 672 to 588 today. the stocks fell 90 points in the last month and a half and for good reason. last thursday, thermo fisher put an excellent beat and raise quarter. they fell 20% from admit dubose. i would be surprised if it has a lot to run. but say you are worried about a recession, like so many are. this is the exactly business that you do just fine. earlier today, you have a chance to speak with mark casper, the ceo of thermo fisher scientific. you get a better sense of how his company is doing. take a look. >> many of the people in the science business who had work that came from covid have fallen off a cliff since covid has run its course. you, on the other hand, had one of the biggest turning beats i have seen in 2022. how is that possible?

>> thank you for having me today. we had a really strong q2 building on the gray start to the year and really a great team effort. a team did a great job of building 18% revenue growth and 13% core growth and strong earnings. the business is performing at a high level. it is clear as we look at the industry, we had another quarter of meaningful shared games. >> a lot of people are worried about recession. this time, your business model has changed rather dramatically. for instance, the industrial customer number and the consumables. can you tell us of the new thermo fisher? >> sure. the company has a very experienced management team. we have managed to different environments. if i think about 10 years ago or so, we had about 30% of our revenue was serving the capital equipment type of business.

today, that is less than 20%. 80% of our revenue is service consumables and biotech which is the least economical market and represent 60% of our revenue. that is up dramatically from the financial crisis back in 2008 and 2009. the company has a resilient portfolio. >> when we looked at the numbers and preparation, one thing i was concerned about there had been almost no ipos. to be linked to biotech means he must have a solid relationship with existing biotech's and have faith there are enough companies that will do studies, even if they are not public. is that true? >> when i look at our farmer and biotech and market, the growth has been extremely robust. we had organic growth serving the customer set in the second quarter, similar to what we had over the last few quarters.

and i look at the small customers and large customers, it has been widespread in terms of the strength and whether it is our service business lines or our products again really strong performance. while there are some companies who haven't been able to tap the ipo market, our customers are clearly choosing to work with us. >> i am concerned about a similar issue when it came to ppd. it looks like that is one of those things for you have an existing business. everyone wants to see you do another business. they trust you as a partner. is has worked out pretty famously. >> in december of last year, we closed our largest acquisition in our company's history, which was out in clinical research capabilities to the company. the business is off to a great start. we raised our outlook for that business as well during our earnings call. expects 12% growth organically for that business this year and

meaningfully raise to the increasing associated with it to about $2.00 a share and raise our synergy outlook as well. the deal is running ahead of the deal model. customers understand the capabilities, the benefits of the combination and our team is doing a great job on capitalizing on a market opportunity. >> i remember the original pp you. the most remarkable thing and our filings i thought was money companies who had a dramatic fall off in china because of the no covid policy in the government. whether you like it or not, it has hurt business. somehow you are able to turn but i thought was a certain headwind into a tailwind in china. how is that possible? >> the team in china did a good job. on our last earnings call, we said because the lockdown is in shanghai, we thought china would be a head wind in the second quarter. the team power through it. it was a combination of fundamentally what we do in terms of controlling air pollution, biotech drugs for

the chinese society, healthcare and general. demand has been strong. we are also able to support the covid response efforts in china. we generated $100 million of additional opportunity during the coroner to support the testing regime that has gone on. that combination of activities led to 20% growth in the quarter. china continues to be a strongly growing market for final fisher scientific. >> reporter: last question for me is the free cash flow is extraordinary. the cash is building. i love when you two acquisitions. anything on your radar screen? any kind of industry you want to get bigger and? >> we have a disciplined approach to capitalemployment.

we are making sure we do a great job with ppd. we are actively looking. the choppiness and the economy will create opportunities for us. we are ready to move with the right transaction is available. you will see is the act of overtime and continue strengthen our company while creating meaningful value for our shareholders. >> that is what you have done over and over again. mark casper, chairman and ceo of thermo fisher. always great to see you. thank you for having me. it takes a village to support society and businesses have a responsibility to support that village. ♪ ♪ i am peter akwaboah, chief operating officer for technology, operations and firm resilience. when you think about diversity, the employee network group is fundamental to any organization to provide a community and a belonging environment for the employees.

they provide an avenue to support employees and ultimately it leads to retention of the best and brightest. the employee network represents the community at large, and it provides a good feedback loop to senior management to make the appropriate decisions, which ultimately contributes towards the bottom line. if you're thinking about growing your business, if you're thinking about driving the business forward, inclusion is a strong part of this. i am peter akwaboah and we are morgan stanley.

it is time. and then the

lightning round is over. are you ready? let's start with bob in my home state of new jersey. bob. >> thank you for taking my call. what do you think about mankind? >> know what to say anything about mankind. they love these under $5.00 stocks. i say sell, sell, sell. also we have? let's go to number two. it is claimed wisconsin. click? pressured to and marilyn. >> 4500 of these vehicles. army wants to study his vehicle. in one of its executives wants to work at apple. i'm talking about. >> no, they just lose money. we are done with those stocks. those guys are good-looking. we are saying next on the canoe.

about now, clay and wisconsin, clay. >> thank you for all of your hard work serve. i like those guys. >> i wish they had a bigger year. you have a great winter there. now, we are going to anthony in new york. anthony? okay, jim. calling about verizon. where do you see it going and is it a goodbye? >> i think it is going nowhere. all anybody wants is t-mobile. verizon is stuck in the mud. perhaps they need to rethink their game plan. they raise the price and not everyone will go to t-mobile. i'm not saying sell, sell, sell. i am saying hold, hold, hold. now we are going to david in texas. >> yes sir. you got to come down and have some -- with me. >> they never let me go to texas. it is unbelievable.

i am change to the desk. what's up? >> yeah. this is a position i have held for years. i would love to get your take on it, the trade depth, what do you think? >> i think jeff green is terrific. the fact is the over and biotech stocks are not where they will be. those are the ones that go down even when things are roaring. i am not done. i am still doing more. i am going to mark in texas >> north of austin. >> i can't get to texas twice in a row. i'm changing the desk, what's up? >> they had a pretty nice month. the past year has been rough with earnings coming up this monday. i am interested in short and long-term thoughts on them an hour technology. >> the economist driving business is a hard business. if you want to be in that business, i like tesla. yes, someone give some love to afford.

will go for some love. i love forward. first time anyone has ever thought for is the house of pleasure. let's go to charlie and pennsylvania. charlie? >> jim, thank you a beautiful voice of reason in the best of times and the worst of times. he really helped me get through the last six months. i appreciate it. >> we had to stay in. i'm sorry, go ahead. >> anything you will tell me i will listen to. i'm thinking about the stock showing good relative strength. i have to follow dividend yield. it sitting on the moxie have been talking about the last six months. i'm thinking of community bank systems. >> very interesting you brought that one. it is like another we had earlier in the lightning round. i like it very much and think you should own it right here, right now. that is the conclusion of the lightning round. >> lightning round is sponsored

by td ameritrade. 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.

when i was growing up, there was this magazine called pilots. one of the regular features was to cartoon figures. rufus and gallon. allen would do the kind and intelligent thing. goofiest made the most rash, move and thoughtlessness.

goofiest discharge this market. you have to bet against rufus and the with dell at all times just like when it was in highlights. what is goofiest doing today? buying tech and retailers. goofiest the selling all the oil stocks. as long as oil keeps falling like it is, rufus is going to keep following that playbook and blindly selling the stock unless it is revealed the retailers are not doing well stocks are best highly uneven and that was just bad investments. maybe he will switch. i make this prediction because there are actual programs doing this today. machines are programmed by smartest funding proprietary trading broker returns to buy tax and retell when they sell oil every time crude goes down. it doesn't matter there is less oil being pumped or that they are not pulling its weight. the petroleum reserve we can keep dreaming, it doesn't matter. what matters is the chart of oil. i would say this is a move

because of the short term even rash thinking. professionals use to set up baskets with me set of linkages. now we have etf of all kinds that mimic traders and they suck you into back and forth trading because you're trying to mimic fast trading pros who need to make money every minute. all you are really doing is being goofiest. let me tell you how silly this is. the linkage here is simply false. do not believe it. does it make any sense that mega platforms, the former facebook, is up 9 dollars today apple is up 6 dollars amazon is a five or microsoft is at 7 dollars just because oil is down? we sought microsoft the travel trust. we will talk about it tomorrow at the 12:00 meeting. it shouldn't have been of. these are much bigger moves we have seen after great quarters are reported. takes no sense whatsoever.

oil down three blocks triggers this like behavior. it is worse when it comes to retail. we have no idea how they are actually doing. forget the target last. the only thing traders care about is low prices. the fundamental stink at the companies as they do at walmar . we have learned hundreds of corporate workers he will forget why you about the retailers. you will be ecstatic clueless. the oil stocks, everyone, has to trade down because group assistant distinguish among them. natural resources more than a 15% of highest and s&p. even if oil is done 10 books lower. it goes down. chevron and devon all of which are making fortunes at these levels. it means nothing to the program. what should you be doing? let's talk about that.

if you are going to buy stocks, you should look at individual companies to find out how they are doing and if there fundamentals are good and you should buy them. if they are bad, you should sell them. if they are good for a long time, on them for a long time. today is the kind of day were questionable retailers can be sold at much better prices than you deserve as we sold some tax that went up too much. housing is rolling over. is no way home depot or lowe's can make numbers. i like both companies but i can't. anything house the latest is way too risky when the fed is tightening like this. these are nowhere near as egregious of the sell oil by saying trade. people are selling mugs for apple much more lower than the based on the fundamentals. so much money is indexed to the oil by tech trade that they soar. it is insane. i am begging you, do not take

your cue from him. if you flit in and out like the silly traders, and giving you a promise, it will almost certainly lose money. i always say there is a market somewhere. i promise to try to find it just for youou right here on mad money. see you tomorrow. the news starts now. the big winners and last night, elections, abortion rights and candidates backed by the former president. i am shepard smith, this is the news on cnbc. primary night in a world after roe v. wade. kansas sides with abortion rights advocates in a landslide. and candidates did not donald trump backed have a huge night. how what happened in yesterday's primaries may shape both parties on the