not be chasing that right here. the underperformance is not impressive. >> i want to apologize -- kidding around at the top of the show. >> and i got to know julie beale tonight, who i love. thank you for watching fast. mad money starts right now. my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always a good summer and i promise to help you find it. mad money starts now. i'm creamer. welcome to mad money. do you want to make friends? i am trying to help you make more money. my job is not just to entertain but to teach. call me or tweet me at jim

cramer. today might be underwhelming but the rally is pretty darn rare in this market. we had so many one-hit wonders that i figured we would come in today and get whacked. right upside the head. that has been a pattern. you go up and then you get crushed. for most of the day we had a darn good advance. we gave it up in the last hour and the dow only gained 27 points. nasdaq lost .58% but overall i have to tell you this was a victory. why? yesterday the market rallied but it was softer than expected with consumer index. inflation was flat. it rallied again because the index came in lower than expected, too. two pieces of very good news on the inflation front should prevent the fed from hitting us with an emergency rate take

this month before they even -- and it lowers the odds to .7% increase from the return. even with peak inflation painting a bleak picture, it is no surprise that the front weekend but they did not give up the ghost. yesterday tech stocks were very weak and remember facebook, meta-platforms, netflix has been out. they all -- stole two yesterday. today is what led to the market and that was of value. we had a solid mini rotation that moved up a host of stocks that had been laggards because of the recession. it makes sense. most companies make things tougher for cost inflation and then they push the prices through to you. now the cost of goods was tame

last month but they haven't yet cut the prices they charged to consumers and that means -- margin expansion. i don't want to get too excited about today's action because it did fade because there was also a big difference from yesterday's run. we saw interest rates plummet again yesterday which is a relief. we don't want bonds to be with stocks -- and the rates soared today. there was a knee-jerk rally -- addicted for us in last night show. that caused tech to go down. oil and tech don't mix in this market. instead, the value carried us. what passes for value in this market? i say we go down the list. i think these stocks that i want to talk about have got real staying power. first, the banks have been

miserable. why? well they benefit from rate hikes they are big losers and the fed causes severe recession and that becomes likely as long as inflation does not cool. we keep hitting the brakes to get the economy to stop growing and cool down. next thing you know the government is all over the banks and they end up not being allowed to buy back stocks or dividends. they get chopped. as inflation cools that a severe recession is a lot less likely in the banks are more attractive and they get all the upside of the rate hikes. that is nothing, as you know, without the downside of a spike in bad loans so which bank? i like to be very specific on this show. i'm not doing that sector stuff. i can't speak about stocks. well, it's a stocks show.

here is what is going on. we are picking up shares of wells fargo because the regular -- very little of that trade exposure that i don't like at all. by the way, 62 in the first week. 2018. or you can by morgan stanley. invest in a bank -- some risk that the transactions are on freeze -- my partner. that will be great for morgan stanley. i listen to him and i give it to you. another benefit of these inflation numbers, they inflate assets that would be troubled if the fed kept raising rates at such a rapid rate and morgan stanley gets a little piece of that. what else? i am a fan of hewitt oil. like pioneer natural. we had devon once walking the street.

he pulled a compelling story on a 10% yield. 7.5% after the interview and we brought it to the attention of club members of the investing club because i had -- for a very long time. i was very disappointed in the performance of tech stocks today. things have been on a tear after getting -- put in hard fought -- that said i think the market will let you into the best ones and better prices. here's my list of what you should buy if tech goes down again tomorrow. first, one that has really step- by-step come back is amazon. i have been telling you over and over that amazon wins when we have a slowdown because you want to buy things as cheaply as possible and nothing is as cheap as amazon. there's amazon web services, and a big advertising business. companies are throwing their

money -- we are talking about two sites that they are putting a lot of money to and the sites are amazon advertising and google. they are the winners. i was so concerned that this stock might not come in before goes back up. i think you will get a chance to buy amazon. then there is amg. a stack that is been dragged down by competitors. these competitors won't tell you the reason they're having trouble. not because business is weaker or the internet is slowing, it is because amb is slowing them. only in a crazy world of tech would they blame the environment for slowness. i have another one that is obvious. microsoft beat the numbers in the affirmed forecast. now they give you the best for last. a bit of a shocker. disney. yes, disney is not tech but --

it makes too much sense not to buy it. as i will discuss later, wall street -- real company and not just another second-rate streaming video service. in the end even though we cannot sustain today's rally, what matters is that we were not crushed. we have gotten so used to big rallies followed by nasty horrible selloffs and that did not happen today. i am not saying that this is the safest market i have ever seen. i am saying bear markets don't usually offer you this. you go in and get your head -- that is not what happened. if you bought it yesterday you do not feel like an idiot. it will only get better as we keep saying cooler inflation numbers as we saw today and i think we will. here's the bottom line. inflation is not yet tame but it is tamer and tamer inflation

can break the pattern the day after any rally. it makes you feel like a sap for getting your hopes up. you can feel that confidence using back into this market. all i can say is it is about time. greg did >> michigan. >> one of my favorites. >> thank you for giving us -- a voice of reason and common sense. >> you just made my day. it is about the context and i have been around and seen context. what if we got? >> my question is about kellogg. i hold a lot of shares -- until i get shares and three new companies or sell them before the breakup? >> what they are doing is an honor. they have figured out how to make even more money and i

think -- terrific and you have a great investment and by the way, you have one of the few stocks to hit a 50 week high today. congratulations. and michigan does rock. university of michigan, my buddy went there. let's go to carmen. >> hey, jim. thank you so much for taking my call. my question is on visa. i held this for years and i would like your opinion on the firm and -- should switch to either them or stay with the visa? congratulations on your new location. it is great. >> you are very kind. look at this. that is what they always tell me. jim, going don't go over there. it is not lit. i will go anywhere. i don't care. i have to think visa is terrific.

mastercard. you are in great hands. do not do buy now pay later. that is never paid. i was once very much involved with that. stick with what you have which is a visa. and the sunshine state. >> thank you for taking my phone call. i'm calling to talk about pay national gaming with football season right around the corner and p/e ratio, low-cost customer acquisitions, i would think this will be a great stock -- what you think? >> i like it but i will do you one better. there is a guy who has suffered in the wilderness the grapes of whatever and his name is jason robbins and he is a draft pick and we are going with draft kings. a whole new address. dan? >> thank you for taking my call.

>> my pleasure and thank you for calling me by my official name, doctor. when i met am i a doctor of? >> you are a master server. go ahead. >> your thought on dell technology if you think that would be a good long-term investment for shareholders. >> well? i don't know a single person who has ever made any money betting against michael dell. that will not happen on this show. i say buy. tamer inflation is what can break the old pattern of the market. business units, 2.5 billion. i will give you the details. letter o, 625th consecutive

monthly dividends. the monthly dividend company. the largest publicly traded company that turns byproducts into sustainable feed and food. i am learning more how the company is working to better the planet. remember mcdonald's? he buys that stuff. i would say bring it back but i am trying to stay, anyway stay with kramer.

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this week i highlighted covid winners that have continued to thrive even as the world seems to be going back to normal thank heavens and that includes the maker of life science equipment. it is made a mint off covid testing. and business remains excellent. on monday of last week they reported terrific top and bottom line -- raised the forecast on top of giving very encouraging guidance. in response the stock jumped 5%. they also announced a major decision selling food, services businesses to a private equity firm. 2.5 billion, in order to become a pure play on life sciences.

i have wanted this to happen forever. this is the week of division so it will be a better business after it's broken up with a couple extra billion dollars in its pocket. it goes all in the high growth. let's take a closer look, the president and ceo. dr. singh, welcome back to mad money. >> glad to be back, jim. >> i have to tell you sir i love this message. it is a big one. 30% of your total revenues are going. tell us with a new number will look like. >> that is a great question. especially if you look at -- macro uncertainty. it really is focused around high growth, higher profitability, and better operating margins. this is essentially -- strategy around -- of the company. covid provided us the ability

to build a robust balance shee , which as you know last time i was on your show i talked about how we deployed it, further enhancing our presence in the diagnostic markets. those two end markets see a lot of growth and we see continued growth over the next decade. this is an evolution of our strategy to visit high-growth business. >> those of us who are familiar with perkinelmer might be said to see the name perkinelmer go. what were your new company be called? >> i am open to suggestions that you might have but we just started our branding strategy. on a serious note, our intent was the brand name is very much attached to the legacy business of analytical -- enterprise and that was one of the intentions of having a deal with the entity

that has been divested. but this gives us an opportunity to create a new brand around the higher growth, high profile lifestyles that we are building. we will come out with a brand strategy over the next few months. >> it does look like something i wanted in my earlier books, the equivalent of dan heard, those are two companies that were able to go through covid and come out ahead and perkinelmer's was the third. the really aren't that many other companies that do what you do. >> not really. what this does is the creation of the new company -- financial profile -- life sciences center. two billion-dollar plus revenue company with 10% organic growth and 30% operating margin which puts us in a financial profile

of our own and that is something that we intended to do -- now allows us to do that. for the past seven or eight years we really transformed our portfolio around diagnostics -- 7 billion in capital over the past 24 months plus acquisition. the big one being 5 billion acquisition of bio legend which makes us a global dealer in antibody -- so this is again a combination of the transformation that has happened and obviously with full humbleness -- financial profile of our own. >> i think that is fair. one last question. i want people to understand that if the economy slows down or the world slows down there isn't anything about your client that has anything to do with the economy. >> not really. especially as you look at the

resilience that the portfolio provides. essentially we become become a higher run business with free agents and testing. essential elements -- mostly around economic vagaries in the marketplace. for example, reproductive health is focused around newborn testing of metabolic or genetic disorders and we test -- as an example and that is pretty much -- economic vagaries. similarly, the lifestyle businesses focuses on preclinical research. we have had a leadership position around small molecules and with recent acquisitions we are building a portfolio for big clinical research and discovery on biologics. single gene therapy, genomics. using the same channel to bring our positions in those markets.

>> those of the markets i want to -- you have done a remarkable job. i was worried you told me not to worry. you solve that problem. i want to thank you, ceo of perkinelmer, a man of his word who did everything we asked for and more. thank you very much. >> good to be here. >> mad money back after the break.

>> in a world where we are worried about -- it doesn't get much better than -- every month. that is something that

interests you. real estate investments -- 11,400 commercial properties across the u.s. -- exposure to the pay the dividend monthly and -- 4% yield. more important, they reported a very good quarter and -- forecast. strong outlook read growth just like car sales we talk about restaurants and projected occupancy rates. retailers started making comebacks. it is connected to solvency. this is a point where it is only a couple of bucks away from pre-covid -- high-quality tennis so i'm not worried about the business slow down. roy is the president and ceo -- welcome back to mad money. >> thank you so much for having me. it is a pleasure.

>> given my age and if i were allowed to, i would want to check in the mail monthly. not quarterly. it does not interest me quarterly. i like money every month. how did you decide to do that -- we have to go back to 1969 when the company was founded by joe clark when they made that investment in a taco bell that they actually bought from -- founder of taco bell and their ethos was around making sure the shareholders were paid a monthly dividend based on the investments they had made and that particular mindset still dictates dividend company we

trademark -- you deserve it. your 600 20th -- monthly dividend -- earned that title. no matter what happens in our economy. part of how we sort of created -- -- to be viewed as a dependable business the shareholder return and the downside philatelic volatility -- we rank sixth amongst all of the s&p 500 companies that have trading history and that is a testament to how we have constructed the portfolio and it's got that element to it and it is the fourth decline, very

strong clients that have the ability to absorb volatility -- phasing today and that jumps us to a business model like ours which basically has long-term -- resulted in low volatility, predictable streams, that weakened over time. >> i want people to understand that -- retailers had a downturn, let's talk about covid. or 2007 and 2009, people might've thought they should but against real income. when you look at 2020 where people were still unsure of how long it was going to last, with the downside impact was, very quickly we could attend -- started to play offense during the middle of the year.

and even in that year we posted 2% early -- a lot of companies were still trying to figure out how long things were going to be bad and what the total impact was going to be so it really is a testament to the business model we created and the amazing team we had executing. >> i love that it is not dependent upon any single -- even if it is company -- walmart. a friend adam aaron, ceo of amc, a lot of people but against amc and that again proved to be bad. i think he has done a huge amount of research and -- expect ceos ious. >> we don't and again, it is a reflection of the research department that we have. 20 people in that department who basically do an amazing job

of not underwriting -- side of things but the credit side of things and then taking a bet on what is going to happen if the variables that exist today change over time and being able to have a business model -- forecast -- enter into and continue to monitor the ever evolving situations that a lot of our clients find themselves in. it allows them to stay ahead of the game. >> i love this line. the last line is from where we are looking to go, to continue treating the dividends as sacrosanct for our mission. it really is what it is all about. >> absolutely. when we listed in 1994, we had all of our shareholders who were ssentially individual retailers, even today we are a $60 billion company, more than 20% of our shareholders are individual retail shareholders

and some of whom have held -- listing in 1994. that is the ethos that governs all of our processes and allows us to be conservative, a company that is growing at most levels people thought we would not be able to grow and it is absolutely our mission statement -- execute. >> once again, i wish i could own stocks so i could get that monthly dividend to monthly expenses that i have. president and ceo of real econ -- this is a real good one. good to see you. >> absolutely. my pleasure. >> wow. sacrosanct. back in a minute

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>> now that the economy is flowing this would be a good time to keep working even when business is not so hot. sustainability issues. it's a fascinating company. a company that turns food waste and animal byproducts into animal feed. valero produces renewable diesel. but we will get to it. they are rarely compatible. darlings has mastered earnings

growth in recent years. while they reported a mixed quarter the also reaffirmed -- even after a spectacular run it's only 15 times earnings. don't take it from me. let's check in with the -- what it means for sustainability. welcome back. >> thank you. so when we had younger people watching and they are saying are there any companies that are not doing sustainability like a green thing to get people excited, i think your company is dedicated to profitable sustainability, true? >> absolutely. 2008 when i first met you you made -- out of my mouth game we were green before green was cool. 14 years later i sat with you again to tell you what we have

done without. >> animal waste and fats are out there that for other people they should go to the landfill. for you they make fortunes for shareholders. >> absolutely. one out of six or seven animal , the non-edible portion host one of my factories. 270 factories, 20 countries, five consonants, 14,000 employees. we purpose it. recycle. i call it repurposed into these great specialty ingredients and by the way, the animal fats which we used to fright french fries in now go to one of the greatest decarbonization units and solutions, diamond grease all -- >>'s a mcdonald's cooked fries and animal fat and they got to a point where they switched so that did not end up in a landfill, it ended up -- >> and it still does today. all kinds of a mix of oils.

we could have 200,000 restaurants in north america today and we pick up about one out of every two pounds of used cooking oil and we should be down to st. charles louisiana and we put it back as renewable diesel. >> do you have any -- >> you can't ask that. >> the answer is we build a formidable platform. >> you deserve it because what you have done is incredible and i need to ask you about what you think about inflation -- but how about what it means for a company like you did >> the inflation reduction act contained really incredible things for our shareholders. they contained an extension of the tax credit for renewable flu fuel, importantly congress approves it tomorrow, transitions from a blunt of producers made in america and

i'm all about made in america and that is really cool. then it transitions and i saw it had delta airlines and we want sustainable aviation fuel. we think that is an incredible part of deke urbanizing the planets. >> i met with the fantastic person who is in charge of decarbonization and they are the furthest -- airlines. >> they are and we can make a product today but there is such demand for heavy transportation road diesel that aviation fuel just is not there yet. >> it seems like you must be competing with -- as a feedstock. doesn't matter for your prices? >> not anymore. that is the business model. we were 100% tied to corn. >> that is why i was worried. >> it is working.

>> i wanted to ask you about the acquisitions you have been doing. and these have turbocharged you and made you a much bigger company which is then caused -- earnings together. >> the u.s. acquisition, the largest last largest independent rendering company in the u.s. probably number two and used cooking oil. feedstocks for diesel, businesses we run, very creative from day one. let's talk about growing going south to south america. who is going to feed china? they don't have enough water, land, rain, oilseeds to feed the people. we believe long-term that brazil will be a giant pile of meat to feed the chinese growing population. >> okay, one last i have to ask, my wife says you know what,

sometimes we get older and unique collagen. i see a lot of things with collagen and you do have -- alina one of your documents that says it can be used for skin. >> it is one of the coolest things. gelatin and collagen, everything is collagen. you extracted from bones, skins, hides. 80% of it is -- the rest of it goes into an emulsifier and a thickening agent which is yogurt, gummy bears gel caps. >> that is all you? >> that's us and if you do a different process and separate peptides you make a water- soluble product called collagen peptide and that is being used in lots of different retail products out there, i'm not allowed to name them. 40 factories and we are trying to build more around the world. we are incredibly bullish on collagen for hair, skin, nails,

i'm not sure it is working for you -- >> you really were green and are green before everybody. it is your business. younger people tell me give me something that is real and green and randy, chairman of darling ingredients. and we had about 14 years ago. >> thank you. >> that money is back after this break. ♪ ♪

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it is time. the lightning round is over. are you ready? dave in new york. >> thank you. >> calling for my hospital room. what do you think about the stock anders? >> i think that stock is the one you mentioned i don't like, there is another company called iss and it does not -- it does a better job. it has been around longer. thank you for calling. let's go to george in illinois.

>> what's up? >> you tell me. are they lit over here? i'm sorry. go ahead. >> td ameritrade. >> oh, man. buy, buy, buy read it was completely ignored -- i have gotten over it. let's go to karen in maryland. >> karen? go ahead. >> hello? >> this is jim. i was wondering about cc xi and whether it is a hold or sell. >> there something going on with that company quite frankly

-- to understand what it is doing. let me come back on that one and thank you so much for the call. let's go to market wisconsin. market? >> dr. kramer, thank you for taking my call. in the energy sector, ticker symbol is fti, the name of the company is check net fmc. >> i like that company very much. oilfield service. terrific, a great business. great stock. christine in york. >> i am a big fan. how are you? >> i am well, how about you? >> thank you for all you do especially helping me make money. my question is -- i'm looking to do for -- no financials at

35. >> doing such a great job. as rates go up he gets to invest money and safety, safe treasuries at higher rates and it does pay you a little bit more of your deposit and that is what we want because he is the largest depositor of money in the entire country. that is exactly what you need. i like the stock very much. we're not done. we will take more calls in to richard in nevada. richard? >> is this the ayatollah -- >> well, -- what's up? >> will this company benefit from input costs and holed up in a recession? it makes things, makes a profit, and gives some back to shareholders. what does -- letter a -- metal packaging.

>> you have really scraped the bottom of the can. i actually prefer -- i don't know about this one. i think it is terrific. it's really attractive. i need to go to matthew in texas. matthew. >> mr. jim cramer, -- how can i help? >> deep down -- canopy growth. any life left? >> if canopy growth is good that means you have one more reason to buy constellation brands. spt, i would buy it right here right now tomorrow morning. and that ladies and gentlemen is the conclusion of the -- that was easy -- lightning round. sponsored by td ameritrade.

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it's important in many ways. the ceo stopped playing events. he had been defending decisions that had not -- confident about how many -- disney plus streaming services. whether to buy the stock came down to how many people signed up for the streaming service and it was a disastrous stock. discussions -- it became -- guess what happened? disney stock did badly, too. travesty -- second grade

netflix. maybe the single most iconic brand and then it became -- streaming company. instant global name recognition. i don't know about you but i have never been to a netflix theme park but mr. squids wild game is brutal. today we got to -- sink money into. the one that is a winner. that is because the ceo created -- himself. theme park's are making a fortune and because of that -- we are confident the streaming systems will work and so confident we raised the price and they are the essence of the company. the stocks can go higher because they are sold out. they have seen no sign whatsoever of any slowdown and that is what we needed to hear

as shareholders because if they can get away from making -- it will flop because it will always be a quarter or two and that is the nature of that beast. let's go one step forward. first, these disney parks are not just amusement parks. cratered by 18%. it's the same method. they're one-of-a-kind. disney constantly refreshes the experience so it is always worth going back which brings us to the third and most valuable narrative that is not even been addressed but that is the lifetime value of a visitor to the park. since last night they have come to understand -- time for them to go to the next level. buckingham palace. they are one and done.

they are boxes to be checked. we have to see the eiffel tower again. i wonder what has changed. two in one segment. you go back and you go back and you go back again. you can actually build a profile to figure out how much you will spend at the park and then you figure out the value and you have a paid stream that is much better than disney plus. streaming things. it shows how much more money the company is worth the 90 streaming opponents. if it's a balance sheet it was destroyed by overpay because -- not by -- predecessor and if you offered dividends and biltmore parks a balance sheet with no dividends would be a virtual circle. i did not tell them they should

pay up for every stock but disney had a great run today. we just learned the key piece of information. the staying power of the brand is still beloved by fiercely loved fan base. disney can only hope the stock comes down. yes, it is that good of a buy. want to see the search warrant? now it's up to former president trump. i'm shepard smith. this is "the news" on cnbc justice department has filed a motion to unseal a search warrant relating to a court-approved search that the fbi conducted earlier this week. >> the search at mar-a-lago, but will donald trump sign off and what might the warrant reveal? a man with a gun tries to breach an fbi office a police chase and shots fired and now we know where the suspect was on january 6