, the worldwide exchange tomorrow. >> clean energy might be a part of it. >> ai-based clean energy storage. >> like it. my mission is simple, to make you money. i am here to level the playing field for all investors. i promise o help you find it. mad money starts now . hey, i'm cramer. welcome to mad money. let's try to make a little money. my job is to teach you, so call me at 1-800-743-cnbc or tweet me at @jimcramer.

let me ask you a question. what kind of market shrugs off a massive piece of potentially highly inflationary legislation that is definitively better for stocks while at the same time ignoring tyson foods quarter and a hideous preannouncement from nvidia? somehow after all of that, we had a great day. the dow inched up to the nine point, the s&p shed a few points. congratulations, day. the markets lost their mind or it is so bullish, i almost can't get my head around it and i've been around for a long time. why don't we do this? let's unpack this. that sounds like a luggage company. let's start with the inflation reduction act. i'm sorry, inflation reduction act. it is hard not to laugh. will not reduce inflation. on one hand, i am an environmentalist so i am thrilled we are getting big legislation. as a human who has to live on

the planet. on the other hand, my job is to help you make money in the stock market. from that perspective, this bill is helpful. for instance, it is bad news because it allows medicare to negotiate down drug prices again. that is great from a human perspective. when i talk about that, some say i'm not human but you don't care about my humanity, as much as i would like you to. you care about my perspective. the company that could be hurt the most rally big today and that is just a marker of this counterintuitive insanity. you might think this is a good thing, but a tax on buybacks is absolutely bad news for prices. i get that there are a lot of reasons you might support this bill as a voter but as an investor, i'm sorry, it is sub optimal. i've got pushback from people saying you just don't understand. well, what is there to understand? it is bad for capitol and good

for the environment. nothing wrong with that, but we can't pretend it's not true. in the long term, sure, we are better off by stopping climate change and that is a genuine existential risk. the biggest asset aggregator, but short-term the inflation reduction act is throwing a ton of money at an overheated economy. that means it will break even harder. again, what you want is my interpretation of that. if i were chairman powell and i saw the strong employment number on friday, i would be hard-pressed not to call a special fed meeting this month with another 70 point rate hike. this bill contains another $200 billion worth of nonsense spending and will cause major wage inflation because we simply don't have enough engineers and computer scientists. hey, for that matter, not enough people in the irs. wage inflation, not commodity inflation, is the inflation the fed is so worried about because

it is so darn sticky. it could take years for this spending to hit. that is a real possibility since our government is dysfunctional. all right, enough with the soapbox. i am out of the closet. i like the bill for the planet. long term, good for stocks. rebranding the inflation reduction act? come on. i want you to make money in the market. i don't want you to lose money, so i told you how i feel. with that in mind, let's go over our game plan. okay, tomorrow we will hear from emerson electric. this is an industrial company that got a little better today by selling its business to whirlpool. it makes garbage disposals. i love mine. don't put your hand in it. these are for homes. whirlpool is all in on housing. i think it pretends a stronger emerson down the road. i am on the lookout to put this name in my portfolio.

now ralph lauren, high-end operation. right now, it could spell over to every shelf, even high-end. after the close, we have a huge winner from the inflation reduction act. that is called a plug power. the bill supports cheaper hydrogen and that is what plug power needs to be more than just a niche fuel producer. it was very important for plug. that said, plug has not done well on earnings day. you need to be able to think about that before you pull the trigger. we also heard from a unity. we know from the previous announcement today, gaming is weak. this eaten down stock might get hit even harder. by the way, take two to close this very week. we don't want to be in u. the one sector that seems to swing is cybersecurity, which means we should get good numbers on reports wednesday.

now these guys, their security focus on the privileged accounts, the top level of each company. it is often their best in show. we also get results from wendy 's. i am concerned most of the quick service restaurant chains cannot hold their gains because of inflation. i want you to be careful as much as i think it's great and my life loves them. i expect the to be red-hot. will they wait until september because there is no august meeting? it depends on how hot this number is along with the consumer price index on thursday. i think the latter number will be cooler, but it may not matter because the fed is concerned about wage inflation and cpi is what fuels that. i want to put in front of me that if both numbers are scorchers, we will get a surprise august meeting. although it will not be a surprise because i just told

you. and a big rate hike. why would i wait if i were the fed? i wouldn't wait. here's another one i am itching to be good. this is the walt disney company. this has been bouncing up and down like a bad space mountain ride. this stock only seems to go down, like netflix. it's incredible because before that, it traded on espn subscriptions, which are also down. i don't get it. why is disney being like this as a subscription company? this is the best entertainment company in the world, but it languishes. disney needs a better balance sheet for sure. you can follow by joining the cnbc investing club . it is too heated for me to stay down. let's see what they say at close on wednesday, but i bet we will like what we hear. hey, can dutch brose recover from their terrible miss last time? it's stock sure has. it is a beloved brand. that can only get you so far. i love going there with my

daughter when she lived in oregon. that's not a great reason to buy a stock though. we will see if wednesday's earnings can change there. meanwhile, the stock bounced back terrifically. more b parker has been hammered. i wonder if it won't go higher given so many of its composite raise have finally started turning around. by the way, i'm talking about the stock, not the company. like so many others, warby parker 's stock took off when they went public. when people saw the results, they dumped them like there is no tomorrow. now tomorrow is here and i bet like other recent ones, it will move up on the quarter because there is a gigantic shortage going on with 2000 stocks. so many issues have had this trajectory. this is not what we call a tele- straighter in the business, but when my kids were five, it goes like that and like that. how is that?

we also have toast. it is amazing to me how so many small companies are seeing their stocks go higher, even if nothing good is happening. maybe they never should have worn down so much. you know, the same thing can be said about rivian , the electric vehicle maker. their stock is going down like crazy. this will not benefit from the inflation reduction act because there are huge electric vehicle subsidies. i prefer tesla. we will be talking to oshkosh later and they are benefiting too, but theirs does not have the same profile as tesla. finally on friday, we got the university of michigan. i put this indicator in this because it has been so abysmal lately that it is affecting the market. i have to know when will people start feeling better about things? almost everyone that comes on air has a world-weary tone and it is a bizarre nature for an economy with the lowest unemployment and highest inflation in decades.

here is the bottom line. don't forget, despite the earnings, the fed is still in charge of this market. a week ago, it looked like they may ease up but after the redeye jobs number, i am worried they might lower the boom on us even before september comes. let's take calls. let's go to mark in florida. market? >> hi there, jim. it's great to speak with you. >> same, mark. thank you. >> i enjoy the monthly meeting very much last week. >> it has been a tough time. thank you very much. that call is still available. how can i help? >> my question, there have been a few downgrades but finland and it norway are buying their helicopters and their missiles are sent to the ukraine and spent on the space force. is this a buy, sell, or hold? >> i am with you. i think it is a buy. we've liked them before at american tower and we like him

at lockheed martin. he is a likable. buy, buy, buy! a week ago, it looked like they might ease up but after the red- hot jobs number in the passage of the ira this weekend, i'm worried they might lower the boom on us and may be before a september meeting? from fire trucks to tackle vehicles, oshkosh is buying the world's most complex vehicles and i'm sitting down with the company ceo to get a firsthand look at some of the information. there are a handful of stocks that have worked through covid and have staying power. i will name which ones you should continue to watch. and one of the best numbers i've ever seen since the new york stock exchange, where we are right now. i am checking in to learn more about what went right this corner, so stay with cramer .

don't miss a second of mad money. follow @jimcramer on twitter. have a question? tweet cramer . send jim an email to madmoney@cnbc.com , or give us a call at 1-800-743- cnbc. miss something? head to madmoney@cnbc.com . i love the morning meeting because it is unrestrained and unplugged. 10 minutes, we give you everything you need to know about the market. >> can the coda to join.

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what do we do with the stock of oshkosh, a company that makes all sorts of vehicles for defense and municipalities including this big beautiful electric fire engine behind us? typically you don't want to own machinery when the federal reserve is aggressively raising interest rates. for example, what oshkosh

reported last month, the stock got hurt but it has stabilized and their electric vehicles just got a lot more enticing thanks to the passage of a big climate bill this weekend, so let's take a closer look with the president and ceo of oshkosh operation to get a better read on where his company is headed. mr. pfeiffer, welcome back to mad money. john, it has been a rough year for earnings, but not a rough period for orders and i think a lot of that is because you represent the best of what the people want in this country. electric vehicles and safety. tell us about the transition of oshkosh to this world where you are number one? >> sure. we have a record backlog. our order rates are strong. in fact, they would be stronger. we are holding back the orders because we are getting into 23 and 24 with the order rates, so business is strong. like everybody, we are having supply chain disruption hurting our ability to produce as fast

as we want and it is creating manufacturing inconsistencies. we have a lot of initiatives to combat that and we will get through it. our pricing will catch up with inflation and that will continue to manifest itself in the near term, but our technological investments, that is what is driving the company. it is driving the backlog. it is driving our business to grow significantly over the next several years as customers want to adopt new technology, new advancements. it helps productivity, sustainability, the total cost of ownership. it just helps in so many ways and we are at the forefront of that technological innovation. >> the bill going into reconciliation, they call it inflation. let's call it climate control. everybody seems to be going this way. the electric vehicle will be the vehicle choice for what you call aging fleets. we can't have these get old, correct? >> that is correct. firetrucks in america today, it is an aged fleet.

if you look at the age, the market is continuing to rise. it's a great opportunity for us to introduce new technology. this is an electric fire truck. it is headed to portland, oregon. portland fire and rescue cannot wait to get their hands on this vehicle and it will help them continue to modernize their fleet with technology, which is fantastic for everybody in our community. >> we've got the postal service, so very much involved. >> yes, the postal fleet will electrify that over the next 10 years. they put about $3 billion to assist the postal service into the bill you just referenced. that will help by more electric vehicles faster. everyone wants more electric vehicles faster. we are ready to deliver them. we go into production with the postal service next year and you will start seeing them on the street at the end of next year. >> i don't want to get ahead in this story, but i know you had

issues with supply chain and inflation. the bill happen this weekend. there are many items that truly benefit your company. >> oh, absolutely. they put $3 billion specifically to help postal service electrify the fleet and put charging infrastructure in to do it. remember, there are tens of thousands of post offices across the country. they need to have the infrastructure to charge the fleet and we will help them do that as well. >> i admit, when i started going through the stuff, i was a little grand that our defense department is not partnered with nato to buy military vehicles that eastern european democracies want. could the president call you and say listen, we want your great american company to be making vehicles for nato right now because we need them more than ever? >> well, sure. we supply 90% plus of the tactical vehicles. those are the armored vehicles for the department of defense,

but it is more than just the department of defense. it is all of our allies around the world and particularly those in eastern europe. they need vehicles more now perhaps then they thought they did a year ago. unfortunately because of the invasion of ukraine, that certainly helps with regard to demand for our product in europe. >> is it possible you could be in line to give ukraine of vehicles? >> absolutely. sure. >> that would be terrific. what people need to know, a lot of your materials or vehicles are made in wisconsin. that is good and also problematic. are there enough people in wisconsin to work for oshkosh? >> we are expanding capacity in appleton, wisconsin today because we want to make more vehicles faster and we see the market is there to do it. we will continue to grow our business for several years going into the future. appleton, wisconsin is where we

make these products. we will keep making them in appleton, wisconsin. we will get the workforce we need. right now we are working on the supply chain to keep pace with our desire to manufacture vehicles faster. >> now the ability to leverage a record backlog. are you going to be able? you are not a guy who will promise anything at this point. will you be able to deal with the expectations? there is an idea that somehow these retractable problems can result themselves. >> we love the backlog that we have. there are two things in there. it is the persistent inflation and the supply chain disruption. persistent inflation, we will get ahead of. the fact we've got long wait times and big backlogs mean there is a delay from the time inflation starts until we catch up. you saw that in the access equipment.

600 bases improvement last quarter. we will continue to see the price manifest itself as we manifest that higher price level quarter to quarter. the supply chain disruptions are the ones we are really working aggressively on because that is what is holding back our ability to produce. >> is that semi conductor a thing for axles? where does it come in? >> jim, i wish it were just one thing. semi conductors have been an issue. sometimes it is axles. sometimes it is rubber hoses. it goes across the board and we are working with the supply chain to keep adding capacity to deliver us the volume we need . >> when you come out would you say wait a second, we don't have this. we don't have that. that rim is not there. steel is going down in price. >> yeah. yes, sometimes we show up for work monday morning at 7:00 a.m.

for the shift and something that was supposed to be there is in there. our production people are good, really good. they shift the round and make what we can make but sometimes it is hand to mouth. >> wow. john pfeifer, president and ceo of oshkosh, thank you for being here. coming up, what part of the stay-at-home boom have room to run? cramer looks into which winners will wilt and which are warriors next. cnbc podcasts on the go wherever you get your podcasts.

the last nine months have been absolutely brutal for any stock that is considered a

covid errant winner. they have no staying power now that they are no longer in pandemic code. we have been combing through countless reports and transcripts. some are called winners like they actually have legs. while they thrive during the pandemic, they continue to thrive this year, even as we are mostly behaving like a covid is an unfortunate fact of life. it is not even as bad as the flu! that is not from me. i just had to say that on air. i've noticed seven in particular, seven stocks were i say all aboard because they look really strong. i will take you through them one by one. let's start with an easy one for you to remember. let's start with amazon. this was the most shocking of all. after going back from its high in november, this one got dicey in april when they started talking about how they made a big mistake assuming covid errant levels of demand would continue and spending way too much on infrastructure.

at the time, i thought they had too much warehouse space and hired too many people, putting itself in a very difficult position. when amazon reported its most recent quarter in late july, they sounded incredibly optimistic. the headline numbers look missed. they're operating at much higher than expected thanks to the amazon web services. they are booming cloud infrastructure business and there was a surprising resurgence of their north american retail business. the sales guidance was great too. amazon reduces 100,000 people and spending a lot less to build up capacity, which means the company is about to get substantially more profitable. more importantly, they keep putting up excellent sales numbers because amazon has become so ingrained in people's lives. now that we can stop worrying

about out-of-control costs, we can focus on what we love about this company in the first place. they are the king of e-commerce and cloud infrastructure, which is why we have them so big. next, we have to talk about a trio of medical companies that people mostly don't associate with or talk much about. i am talking about thermo fisher scientific and perkinelmer. these are the life science industry and that they are winners because that doesn't stop from covid. i have been recommending all three for ages. they had a rough year because they all did a significant amount of business during the height of the pandemic related to covid testing. that has created tough comparisons. member what they did one year and the next year out doesn't look as good. a lot of people are worried on how the stocks will go up after these comparisons. over the past few weeks, we have learned that they are much more durable than anybody thought. they each reported excellent quarters. a big top and bottom line beat.

they gave a very robust guidance for the current quarter and the stock jumped at 9% and has continued to climb ever since. i love dan her because they are geniuses at new businesses. it doesn't hurt that 75% of danaher business -- 75%! i love that. hey, then a week ago, we heard from thermo fisher. they boosted their four-year forecast. we spoke with thermo fisher last week. i think this is a total steal. i think you should buy thermo fisher. buy, buy, buy! last thursday, they reported a much more modest revenue and gave encouraging guidance for the rest of the year. they are working on restructuring. we will hear more about that

when we speak to them on thursday, so stay tuned. next, let me give you another surprising one. i may have given them a hard time this morning, but i was positive. door dash. this food delivery company came public in may of 2020 and had a huge run it through last november because delivery services were essential when no one felt safe going out to dinner. they lost 78% of its value to its lowest in june! while doordash saw those levels, no one was expecting anything great from last thursday, but maybe we should have because doordash delivered a tremendous quarter. despite fears the business would fall apart as life went back to normal, doordash had a result of 25% year-over-year. they haven't seen any changes with consumer engagement, which is extraordinary. it seems boot and delivery has become an ingrained habit very quickly for u.s. consumers. it will not just go away when

we decide to move on with our lives and return to the office. while wall street is still worried that doordash could get hurt in the recession, it is clear we don't have to worry about a change of habits in the post covid era. with what he's already done here, congratulations. all right, how about another cramer favorite ? cosco. you know how much i love costco. they peaked in april and got hit hard after worries of a recession. the same worries that dragged down the rest of the retail. in fact, they have incredible buying opportunities. this stock has come roaring back. i don't think it's done. i think it can really roll. they put up excellent numbers from last month. just stunning figures. i don't think this ever should've gotten hit in the spring. this was ridiculous, quite frankly. costco is different than other big-box stores. they have a small selection of merchandise at extremely low

prices because they buy it at amount of extreme bulk. when you are worried about inflation, costco is the best place to go. plus, membership bases grow nicely both before, during, and after the pandemic. this one is when i have not talked about enough and i say shame on me because they are incredible. i'm talking cvs health. the drugstore and pharmacy, after spending years lost in the wilderness, cvs made out like a bandit after covid hit because their stores became a key hub for vaccine distribution . that got millions of people in the door and they stayed! wall street never stopped worrying about what would happen and that they had no replacement for the vaccine traffic. that is why they pulled back from 111 in february and it slows in mid-june. last wednesday, the ces manager reported a strong quarter.

wall street expected a small decline. more importantly, they raised their full-year earnings forecast, hence why their stock raised more than 6% in a day. the ceo took over 18 months ago and is doing such a great job. i like the new cvs, especially with those minute clinics in the stores. and the possibility of buying signify, a home healthcare company. that is a great fit. 12 times earnings. bottom line, wall street wrote off the covid winners, but a handful of companies have proven to be real state power giants and we are sticking with their stocks. >> hey. how are you, sir? >> i'm doing well. how are you? >> i'm pretty good. >> good. so, what have you got for me? >> is starbucks a great company to invest in right now? >> as i said in last week's

investment club meeting, i think starbucks, if we added it to the bullpen, we are on the verge of pulling the trigger. that is how well i think they are doing. you could do a lot worse at $85. i say buy, buy, buy! let's get to mike in south carolina. >> i want to know how you feel about j and j. >> i know they will get hurt by this legislation. no. johnson & johnson is breaking itself up, doing the right thing. it should be bought aggressively. that is what i think of johnson & johnson. wall street wrote off the covid winners but a handful have proven to have real staying power and i think it is absolutely worth sticking to their stocks. after reporting a top and bottom line second quarter, i'm

learning more on what is behind this with the company ceo. nd in a shortfall earning today, what does this mean for the future of the imaginative tech company that i like so much? i will give you my take. and at the lightning round is coming up, so stay with

cramer .

lately some of the internet plays have come roaring back after spending most of the year in purgatory. take cloud flare with the cybersecurity kicker. in other words, they held businesses and short they can operate reliably over the web. from november through last month, the stock was losing 8% of its value. last thursday, cloudflare reported 54% revenue growth and a surprise profit fueled by

gigantic customer wins. this will also raise the for your revenue forecast. it surged 27% on friday. probably never should have been solo in the first place. i would not be surprised if cloudflare has more room to run. don't take it from me. let's check in with the ceo of a cloudflare. mr. prince, welcome back to mad money. >> thanks for having me. >> matthew, it is great to have you on the show. what i am most depressed about, you gave a great quote recently about the recession. you said whether we are in one or not, recessions suck. they hurt everyone. no company is recession proof but some are more recession resilient. tell us why a cloudflare is more resilient than others. >> you know, cloudflare is all about making sure whatever you are doing online is as fast, reliable, and as secure as possible. whether we are in a recession

or not, whether we have a recession coming or not, hackers will not stop hacking. people classify us, our customers classify us as a must- have, not a nice to have. what we are seeing over the first half of the year, even though the economy was having a challenge and it was harder to sign up new customers, we saw the highest retention rates in our customers and people continue to use our services like crazy. >> but i have to tell you, the retention is great but that list of customers you must have got, the variety, the state of arizona, a gigantic retailer, a company that does recruiting. this is a great mosaic of customers. how come all of these customers need a cloudflare so badly? >> anyone doing anything online needs cloudflare. we make the internet the secure place it should have been from the beginning. i love the diversity of our customers. large and small. every geography you can think

of. we are seeing that response across that. that is where the strength and the resilience of our own revenue and growth come from. >> all right, so let's drill down. there was a moment we talked about a future 500 energy company that signed a 784,000 three year deal. they have been using z scaler. in order to take someone out, that is a monumental win. what was the selling proposition of cloudflare ? >> first of all, i think that jay is a great ceo. it's a great company. they have built a really innovative product in the space but they are often not particularly scalable, not particularly fast. if you're using them the other day, you can see how they slow down the internet experience. we have been able to replicate all of that security that you have without the pain of slowing the internet experience down. the most innovative

companies have chosen cloudflare but increasingly you are seeing anyone trying to reduce their cost, to reduce their score tickets are moving away and moving to cloudflare. >> well, i did like that moment in the call where you talked about how you really only want one better. i mean, you've got to save. the ceo says look, you've got 1 million people spending money but is there one we can use? it keeps coming out to be cloudflare. >> that's right. i think a year ago, people were throwing money at problems. over and over again, they stacked vendor on top of vendor but in these more difficult economic times, people are trying to figure out how to save money. what we have done is really pivot our message to talk about how we can do that for our customers. we are hearing time and time again customers want to move more functionality behind cloudflare and make us that

single pane of glass for anything they are doing online. >> matthew, one of the things that has happened this quarter, we are no longer happy with revenue growth. you did give us a surprise comment. there is something internally you have decided, do you know what? the goalpost have changed. we have to deliver profit no matter what. or is it the same old a cloudflare and you are happy with the revenue growth and you don't have to be concerned about the earnings? >> we are really focused on revenue growth, absolutely. but most importantly, cash flow. we want to make sure we are generating more cash. we have committed to being cash flow positive for the second half of this year. we're optimizing around cash flow and we will reinvest it back into our company. i expect we will be right around the break even from an earnings perspective but generating a huge amount of cash. when you have the growth of rate that we do, that is like the business we have and the opportunities we have.

>> you are justifiably correct that the internet will not go back to boxes or brick and mortar, however there is a notion that there has not been as much internet traffic as before. are you seeing a slowdown in any way, shape, or form? >> there are a lot fewer people sitting at home streaming netflix. your business is ependent upon the bits throwing flu your network. people are going to go back to work. they are not sitting around and watching netflix and chilling as much. because our business isn't built on that, we don't charge based on the flows, but it helps our business. people are paying us just as much for the services we are providing, but the cost goes down. we are a security company first. it has really been -- right now is almost the best time for us because we can provide that secure service and be that

critical infrastructure and not have as much traffic flowing through our network, which is a positive thing. >> well, look, i've got to tell you, matthew, you surprised a lot of people because you gave us promises and you delivered on time. i want to thank you, matthew prince, ceo of a cloudflare. great to see you. >> next time in person. >> mad money is back after this. coming up, cramer takes your calls and the sky is the limit. it is a lightning round next.

lightning round is

sponsored by td ameritrade. it is time for the lightning round. play the sound! the lightning round is over. i are ready, steve? hello, everybody. let's start with keith in california. keith? >> jim, thanks for taking my call. i am calling about enterprise products. >> i know them well. i think it is a perfect stock. all right, let's go to -- how about jason in the new yorker? hi, jason. >> i am looking for somewhere to put my last few paychecks from my summer internship. i am wondering what you would suggest? >> it is expensive stock, but i would say morgan stanley. let's go to mark in arizona.

mark? >> all right, jc. >> there is no stopping the darn thing. all right, we are not done. let's get to anthony in michigan. anthony? >> hi, jim. how are you? >> i'm good, and then he. how about you? >> after talking to you, i'm fantastic. with the inflation reduction act or without it, whether or not design systems should be a long- term buy? >> i think it's fabulous. it has been one of the best performers since the show began. at one point, i owned a 4% of the company. i think you've got a real winner there. why don't we go to cabin in new york? devon! >> i am calling about on broad

capital group. >> when i see it specially financed, that means you have no idea what they're really in. going into a possible recessio . i want to get to eric in delaware. eric? >> jim cramer, thank you for what you do. >> thank you very much, eric. what's up? >> i last year i talked to you. what is your take? >> i felt good. i felt good because you know i felt they were run of the few spots that has any staying power. reese in michigan? >> hey, jim. i love the new set, by the way. >> oh, isn't it great? i love it too. what's happening? >> what are your thoughts on stem? >> that is one that i have felt you would get more out of stem

then we have and so i don't feel -- i often sat at my own investment firm, i'm not the call when it comes to that energy storage solution. and that, ladies and gentlemen, is the conclusion of the lightning round! >> lightning round is sponsored by td ameritrade. coming up, trouble in paradise? cramer's thesis on an old favorite may be changing. you will not want to miss what is next on mad money. i love you, man! i've been watching you since day one. thank you for the great advice you provide us. >> i watch her program every day and i love it. >> i always want to say boo yah on your show. >> we consider you the money market maker and we appreciate all that you do. >> i love your show.

>> i love your show. it is the >> i love your show. it is the so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. most interestingyou two are all. have a great flight. thanks. we'll see ya. program ♪♪

say it ain't so. without this company was nothing other than electric imagination, but today we found out that there are very real forces dragging

this company down along with so many others. yet today they announced a stunning shortfall thanks to a high performance computing and cryptocurrency mining. it was devastating pretty much ever line. blamed a slowdown in spending, a supply-chain wall, too much inventory. these are things that happened to every company, not to nvidia . now i am not backing away from my long steady position. i did find the release depressing because i wanted to believe a company as creative as this one would never be weighed down by something like the economy. maybe the best way to scrutinize the shortfall is to say that there are parts of the economy that were once red-hot that are not anymore and everything touching them is in trouble, even for a great company like nvidia. that is certainly the case for

video games. they have a platform for the dazzling, but fewer people are playing games. that is something we can surmise from tonight. it doesn't matter how lifelike they are. if there is no demand, then who cares? it is too darn early. you can be a visionary, but the market's vision is about a mile out and that's it. i want to believe that nvidia can bounce right back. i really do. you only preannounced when you are sure that things are getting worse, not better. investors, please don't get your hopes up. the fact is many companies have been blindsided by two things, the end of covid and of course, the fed's aggressive rate hikes that people do not count on a year ago. we have to go outside and connect with people in person again. consumers want to have fun outside the house and can make for life leg videogames. these days, we don't want

lifelike. we want life. as a potential slowdown, we know that is not the case. we know they are the integrations that matter. nvidia doesn't seem to have that. it is a little like intel . it is being left behind. although i really do hesitate to use those two in the same sentence. the other side is more ominous. over employment is too hot. the fed wants spending curbed. and yet they didn't know that nvidia had that tug . you didn't know that. you thought it was immune. nvidia lacks the forces to make a comeback. it has too much consumer exposure and not enough enterprise. when it does have the enterprise to curb the fed, does that mean nvidia is done as a stock? it does mean the expectations should reset more accurately. the stock was down 40% a share. they have been resetting, and

now we know why. it is a dismal come up, but i think it is one of the world's best companies. now after all of that amazing work, they will have to prove itself all over again. i would like to say there is always a market summer just for you right here on mad neney.y.m i'm jim cramer. i will brand new tonight. former president trump has just sent out a statement saying that mar-a-lago, his home in the palm beaches is as he put it, under siege, raided and occupied by a large group of fbi agents. new reporting tops our news tonight. plus searching for a potential serial killer. i'm shepherd smith this is the news on cnbc four men ambushed and murdered, all muslim, all of them shot. >> we will not stop until this perpetrato