>> did he miss us as much as we missed you? >> yes. >> people wonder they say melissa is nice and i'm like, no. you just saw it in real life. when good things happen to

bad stocks, i get nervous. lately, we have seen a lot of low-quality stocks rallying purely because too many hedge funds shorted them at the same time. it has been a lot of action. today, with the dow sipping 58 points and the nasdaq 1.19% it was worse most of the day. the short-sellers, they actually wanted. in this case, it is a good thing. there is a contingents out there as some sort of brilliant strategy. it is not the case. first of all, it is not a strategy. i like to think of it as a high risk test took tactic that can

blow up in your face. starting with the volatile bed bath and beyond. if you just go to turn things around. bed and bath got a total makeover. customers didn't like it. the same scores failed to an unfathomable -23. -27 when it comes to the main store. triton -- the stock of recently fell to four dollars and change in the reductions are horrendous. at the same time the beautiful balance sheet has gotten so ugly that the credit rating has been downgraded to near bankruptcy. less than 6 weeks time, this stock, this stock flew from four dollars to around $13

where it peaked yesterday. why? something could happen? no. the have a ton of short- sellers. it is made up of 42% of shares at one point. bed and bath rally, they want to short squeeze but nothing good of the company. the stock finally broke down today. people like me were talking about how the company may take advantage of this momentary run-up, to sell 10 million shares to fix the balance sheet problems of course, they start issuing shares that resolve and sends it lower, isn't it it and our conundrum? in other words, if you are beating up the shorts, hoping you will be forced to

cover as the stocks retire, they may take advantage to do an equitable offering that crushes you. >> they alienated their entire client base. how about another example? i believe this company -- i like the model. however, the financial technology late last year and this stock has been obliterated and dragged down by the fact they are on the hook for a lot more loans than we thought. it is just staggering.

they have a 4.8% delinquency rate which is distinctly suboptimal. i have got to tell you. a lot of people thought i gave the company a hard time when they were on the last time. i did that to help save you money. last night, the company delivered the full report and guidance for the current quarter. next thing you know, they opened up to almost 10%. why? a short squeeze. 38% is short. that is a tremendous rally over the week. they ran the stock up this morning hoping they could force the short-sellers to compete. then, there is amc. the one that is a movie chain theater. wait a second. here is the case with the

company reported better than expected revenues and a whopping 59 million in attendance. here is one where the fundamentals are getting better. amc lost $.20 when they were looking at $0.23. it is clear amc is off of the critical list. no more of this. he is using preferred shares which are filled with short busters who called themselves. even borrowed the term. there was some initial confusion or that it was of course bad. however, the positive numbers did not appease them and they pressed initially. been the launch came back and ran the stock up in a matter of days. when it got there, the short squeeze vanished and the stocks were coming back down. all i can say is amc is truly doing better, which makes it a terrible short. a rare case where they have the

fundamentals on their side. >> i used to love this one. beyond meet! it ran from 38 to 40. 37% short for this one. i question the ultimate trajectory. much more than i ever thought it was capable of losing. more importantly they are not winning where it matters. major fast food chains like mcdonald's. they put out a scathing piece pointing out that beyond meet filled its trial and mcdonald's use the trial to sell that. we see the same thing from panda express. the entire run was about the short squeeze. on a day like today, that is not enough. who of can be considered? away fair holding up surprisingly well after

miserable losses that abandoned during the worst of the pandemic. for them to do well the furniture retailer says it can go back to the positive. you will probably get squeezed. may i suggest tap away in sonoma which is much cheaper. finally, there is game stop. what am i going to say about this one? it actually had to pay taxes thanks to a deal and has been offering. it has only a 23% short business. when you look at the core business, came stop is at a short percentage.

a game stop is one of the worst that is struggling. i call this option avenue. even though the stock is overvalued, it feels like a push . they have the financial flexibility to reinvent and so hopefully as a companion and training tool to the meta-verse quest prada. the original stock is losing money hand over fist. it doesn't have a short decision . why? i think they have been burned too many. came stop and got a halo around it because the short busters are so limitless. in a market that is presenting ample opportunity to lose money, i can't endorse the money in the hope of engineering a short squeeze. sooner or later you will end up with a day like today where the tactic goes up in your face. >> carlos in new york -- carlos? >> cramer, thank you for taking my call. my 16-year-old son sent me a

message and said he has an investing 80% of his pay and stocks. he wants to know where should he invest his next pay. kraft, heinz, or intel? >> remember this, obviously, you know this. we want your advice. my son wants you to tell him. >> give me something else. how about we are giving him to j&j. we are not going to let him do crafts, heinz, or intel. we stand for youth on mad money. that is our plan. we are not backing away from it. >> let us go to kenneth in new york. >> hague, how are you doing? >> i am doing well. how are you doing? >> i am doing okay. i wanted to get your thoughts on jenna rack holding. >> i like the company very much.

it is your hope in a grand universe. i say goodbye to generac. >> how about peter in new jersey. >> >> jackie and i have a couple of stocks that we are not treating but holding through facebook and google. if you're going to add into it, if there is any life in it, snap. what do you think? holding it for two years? >> no life. we are going to have to worry about snap for now. i like both of the other stocks better. the one on google has gotten in trouble with the justice department as well. that is my game plan for you. >> i can't endorse the money losing stocks in the hope of engineering a short squeeze. a lot of people feel like it is

a fair warning with bed bath and beyond. sooner or later you end up with a day like today where it blows up in your face. remember today. mad money tonight, should investors use the dip and take the interactive? >> the restaurant business has struggled with inflation on food. some are going straight to the experts to learn about the impact on food service in the u.s. planet fitness failed seriously today. what happened to cause the company to lose harder in gains and the can they come back? i am breaking down a report with the ceo. stay with cramer.

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we know it is tough to be the best house in a bad neighborhood. that is my gut reaction the

previous forecast pulled about a $2 million contract. i am wondering if this wasn't a kitchen see quarter or all of the bad news right now. take a closer look. straight shooting chairman and ceo takes the interactive software. >> they were joining us. some people see the thing that there was a recession resistant resilient nature to gaming. it is work that never came out

of your mouth. >> we would love to say the --. tell me how the blend is working and why you think it can work for long term. >> it is going really well so far. one of the biggest reasons the company's stumble in combination is when culture doesn't fit. we were pretty sure from knowing

a different demographic. because we combined with finger, which has the best collection bullishness:. >> to engage you have to buy the property in the first place

. >> people are worried it is not recession resilience but you have great touch and library. suddenly, you have got this business that hason the mobile side of these forever franchises that keep delivering over many years. is the biggest

entertainment franchise in the history of entertainment. rocks hard at work we have launched a subscription pet fracturing. that too is going so well i

find lines that are so daunting. i have been doing this for a long time. is present should not play for you. thank you so much. , this stock is below.

all of the bad news is and. i am saying this is the right level.

away back in 1985 -- in new york, you the tenant, loose smoke. because the company hha.

>> i always recommend requiring versus a welcome back commencement. congratulations on everything you are on. >> i know. i have known forever but i am excited. you do so many different things i imagine being able to free to do on the projects. >> i think any responsible company at a point says we better have a good succession plan practice something i have been thinking the.

>> it is the organization. the organization is ready. later -- >> i think and more importantly than all of the amazing experiences he was in a presidential role. over the course of three years, he has earned so much trust and respect from the team. when i made this announcement last week, you could tell when your team is happy. they were throw. >> out it is about food,

culture, hospitality. do you believe that? >> i believe that more than ever. what i am going to spend my time is to work at the business culture. one is -- your food taste better. today i had a meeting with one of our general manager. let other people stuff they are better. >> you didn't mean to. you're talking about franchises but when you come on into the in 2009 would you know? a lot of them pretty much avoided people. >> it started when you weld out the big tray of food besides olive garden, there was aaa, mcdonald's and pizza hut. diplomas have been in the the problem.

>> it is always based on three things. with the quality of the leadership? what is the quality of the culture. you said why don't you do a whole hospitality index. i would be glad to do it. i have looked at companies the way i look at our own restaurants and i say who were the best leaders who are the best places to work. where do employees love it the most? which are the companies, irrespective 16 are there in.

>> let me ask you. know implications and just didn't come together? >> major implications. when was the last time you had a big ipo in the stock market? >> the stock market itself nothing can get there. >> with of the guys up there. i was just on the phone early today. a great relationship. unfortunately, you can have a great partnership but we couldn't raise the market. we have until next spring to do a deal. we will do the best job we can as we did with nara to do something imaginative that is

not atypical's back. as you may recall, we were going to take the treasury of $300 million, which is sitting in the back of philadelphia somewhere. we have that and we will find something that we think is really good for the stockholders. >> there are aspects of the restaurant business had your tip strategy. also, everything has gotten very expensive. you have always been someone wants people to have that inexpensive meal. what is going to happen? i think people will get priced out of regular places. >> yeah, it is no fun. no restaurant i know likes running out of money with which to pay its team. inflation has cut both ways in the industry. first of all, there is no question menu prices are higher than they have ever been. guess what it translate to. if you have a tipping model, servers are making more money

than a they have ever been before peak we believe tips should be able to be shared with everyone in the restaurant. what we do at our restaurants right now, in addition to permitting tipping for our team, we pay a percentage of our revenue to our nonslip eligible employees, also known as cook's. in an odd way, the inflationary time we are in, while it is very hard for people to pay rent and all their expenses, they're able to make more money. it has attracted more people to come into the restaurant business. for the first time, we are on equal footing in terms of our talent count as we were in 2020 when we first have to stop. >> that is good. i don't want restaurants to close because there was nobody to work at them expect that prices are so high. >> it has got to stop somewhere. unfortunately, it starts with food supplies. have to pass it on. you can't go out of business. >> they have got to be thinking about that. it can't just be done at the local level. >> i want to thank the

executive chairman of daniel. hundred percent positive except when my wife turned me down when i asked her to get married at the modern. you are married. >> something went right. >> we will be back after the break. health as well. cramer has got a stop that may harbor a little bit of both. stick with mad money. ♪ ♪ ♪ ♪ ♪ ♪

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what just happened with planet fitness? they saw it stock bottom in mid-

june before running from 61 to over 81. i feel it is a pretty good quarter. suddenly we get an expected revenue that evens out. more importantly they reiterated the forecast for the guy coming in response they dropped nearly 6%. many investors throw in the towel, which i think is wrong. i don't think the story has changed one bit. the eo of planet fitness is here. >> forget all of the mumbo jumbo. 3.3 million teams have come into the fold. that is the most astronomical number. you are talking about nearly 15% of all teens and high school teens in this country. they go to planet fitness. >> in almost 60 days they

signed up. >> we saw this previous to the launch of the high school summer pass aware teens come in no charge. their older counterparts were joining 150% of normal for pre covid. they realize it is important. then we open it up to high school kids and it took off even more so. we did this in 2019 and only had 1 million. >> we know they should be really involved. what happened in that is they got much sicker.

25% of the 2019 participants they have joined over the timeframe. 5% of the parents are members. this is really phenomenal. this is a great upside. >> you did have a great plan for people to get in. they like the plan. the number of people that got in and stuck around, i get it. >> usually after sign-up the parent sign the waiver. >> you don't have to sign up in person. >> they don't want to have to bring their parents and with them. they can do it at home. >> also felt when i read this, that i thought only owning a

franchise must be great. you did not add that many franchises. i think it is good. it is considerate to the people who have franchises. that way they can make more money and bring in more people. >> we don't really bring in many franchisees. they are sophisticated and been with us for 10-20 years. we are only about 120 groups that make up the system and drive this. >> someone asked you how did you get to be a franchisee at planet fitness. that is what you want. one of my friends had five of them taxed out. it has been a great investment. i think they let you cash out and you count kaplan. >> initially you are going to buy into one of them.

>> give me -- tell me what is happening in the country in terms of what you see. we know the teams, but you know the wrap on our country. remember the people said everybody gained 35 pounds? are people back? >> they are coming back. >> they are way ahead. we have 5 1/2% of every ginger zee a member. we are slowly getting them back. the rejoin rate is at about 30%. it is 30% more than pre-covid. it is time.

we told america to sit on the couch. now, we have got to get them back. it is not as easy. >> some of the other services didn't have good numbers. are people coming back? >> i am in favor of this. >> are people going back? >> they are definitely going back. they thought it was more than just the waistline. it is more than going the beach. it is mental health. all of the surveys we have seen, they realize that. that is what covid is showing now. with everything else going on and inflation, there is a lot going on.'s a you have been behind the counter. you know this. >> this is the most positive trend in this negative country. right now, we are not going off

with inflation. we do what is right by the member and we will win. we will figure it out. i think as long as we stick to our guns and don't waiver, we will be fine. >> one last question. you never had a shred of doubt. everyone told me. you never had any doubt. >> no. a $10 membership? you don't have juice bars or heavy weights and aerobics? >> this thing -- you came through with this, that is why i feel like the start -- you brought a lot of stock lower but the fact the stock was down it is a crazy market. your franchise turned out to be

unsellable. >> one day is one day. >> fair enough. >> chris rondo, ceo of planet fitness. someone who came out the other side and is doing great. we will be back after the break. bubbles bubbles bubbles bubbles there are bubbles everywhere! as an expedia member you earn points on top of your airline miles. so you can go see even more of all the world's bubbles.

it is time. play this out. then, the lightning round is over. are you ready? in texas, dan -- dan?

v jim, thank you for taking the phone call. i want to ask you a question about a liquid natural gas startup. >> we need all of that we can. how about scott in indiana? scott? >> jim, i love the show. glad to be here. i want to ask you about a company that has the cash flow and increase subscriptions that is drop off. >> i think that is because nothing will happen unless they get a takeover bid. i will have to say path. let us go to roger in florida. roger? yes, thank you for taking my call.

>> ali baba chinese stock, i don't recognize or recommend any chinese stock. i have had it. they break your heart too many times. and rico in new york. and rico? >> how are you doing? >> doing well. how are you? >> good, my man. i can't figure this one out and i need your help here. >> look at the revenue. i don't get it. >> people don't want to unseal companies at this point in the cycle. even though that one yields nucor. how about basil in florida. >> all right. what is going on with 23 and me. >> it never gained any traction. it can't get traction. i saw the ceo and i said you

know what? no mojo. the stock has no mojo. that is an intentional term for not going anywhere. let's go to barry in florida. barry? >> i think j.p. morgan chase has reached a point of inflection and has started. let us go to don in texas. don? >> i appreciate what you do for us. >> thank you. >> you are a smart man. one of the best companies in the world. that, ladies and gentlemen, it is the conclusion of the lightning round. coming up, a cramer favorite maybe playing the wet blanket. answers, next.

segment president biden signed the act law. the legislation championed by the commerce secretary gina raimondo has a monumental act of perseverance. it is not economical. it cost too much to set up in too much to operate.

longer term, we need these facilities badly. they are the biggest winners because they make semiconductor manufacturer equipment. they just got blown out by the capital equipment budget slash and burn. how worried should we be about the massive number cut? we have seen this movie before. is lower and flows in price depending on short-term demand . had not 1 but 2 in 2018 then in 019 when the stocks literally did get cut in half. not coincidentally that was the last crypto quoted.

it has been cut in half again. i think it could go even lower if we get a second negative which i think is a very distinctive possibility. why not give up on it entirely? with told the investing club members that we don't want to buy it back until we figure out there is another shoe to drop. only after the drop. why hold it at all? after the second of 2019 it was one of the most breathtaking runs. they only will have much broader implications. that is where the big wins will be. they aren't the numbers yet. short-term is in the crosshairs of crypto and gaming. coin base reported terrible

numbers which solidifies the crypto spiral. those aren't the future. hopes of that will be a scene of the fat of the past. this morning the cfl told investors that the crowd is slowing too. i did not hear that while we interviewed the ceo. this was a new negative. they really brought the market down. is wasn't a tough sell. we just heard from them last week that the cloud it's very strong. could my friends be any bad cloud? evidently isn't such a thing. we do know they make the highest chips and micron makes the lowest. i am back with amg. he was were i come out on this whole thing. we know they go with electric speed often because they are double ordering when things are good and block with heavy discounts when things are bad. we are in the glut phase of the

semiconductor cycle. historically, this phase has been a good time to buy, not a bad one. i think you have to buy this to sell the peak. it is something i tried to do ever since the first time he broke down in the early 1990s. i am betting this time will be no different. boy, does it never hurts to the and. the day after the raid on mar-a-lago, digging deeper i'm shepard smith. this is the news on cnbc the search warrant for documents allegedly taken to the palm beach mansion, but is the larger case actually about something else new reporting, and legal analysis the political fallout from the doj move >> trump 2024. >> the trump faithful demanding answers. >> i know doing this 90 days before an election wreaks of politics. >> calls for the justice department to explain what's happening.