>> dan? >> yes, the conversation, i would be a stellar at the x hb. >> the folks in athens, ohio take >> my mission is simple to make you money. i'm here to level the playing field for all investors. i promise to help you, mad money starts now. hey i'm kramer, welcome to mad money. i'm just trying to make you a little money. call me, or tweet me at jim

cramer. we keep being told the market could unravel at any minute, that includes the doomsday scenario of how the market looks similar to 2008 and 2001. never mind that those years were terrible as we got hit with some big curveballs. of course on the eve of the biggest non-ski trip to wyoming in history. the market sure didn't see it seriously today. climbing 1.4 with the nasdaq jumping 1.67 percent. >> i think the sense of doom and gloom is scaring you away from very good opportunities that i see every day.

remember how i close the show. there's always a bull market somewhere and it's my job to find it for you. when i was working at goldman sachs one of my partners insisted i always have something to say to help our wealthy or potential clients. there's always a bull market somewhere, which is the philosophy of smart people who don't want to sit on their hands feeling gloomy. there have been times, where there really wasn't a bull market. i always told myself, is kind of a matador, but if you take one thing away from what we've been saying all week. this is not 2008. right now we have a plethora of bull markets.

we've got to have some stuff that you can be ready to buy. just in case we are on the eve of destruction, a meltdown could create some tremendous opportunities but only if you know where to look and when to buy. these will fall until inflation comes down. first, whatever is happening in the world of agriculture. a bull market of insane proportions. it's not hard to see this one. this farm equipment maker sounded pretty mid about it. when i heard the actual numbers though, i was stunned. at how well john deere is doing.

i have total faith in next year for them. there are times when farmers are over planning. this is not one of those times. this is why it has more price target boost response than any other company i can remember this earnings season. i got even more convinced about the market after speaking to scott wine. i happen to like this as well. as a longtime proponent of tractor supply, i know they had the game wired and offered terrific prices in the grain market. all of these traded in mid single digit prices.

breaking the hearts of investors who stayed too long. anyone who's followed the group knows that when the green complex peaks the stocks rollover. ukraine which accounts for 13% of the world's calories, what can i say, talked about visibility into 2023. let me throw in the seed companies. with improving fundamentals that might be able to put through a price increase or maybe even to. one of the rare outfits that still has tremendous pricing power in a world where people are very worried about pricing power. one of my long-term favorites's auto parts. autozone remains the case. as the owner of a 16-year-old car the zone is the best place to get what you need. last time we heard from salesforce, a $10 billion buyback.

that's huge right? i've got to tell you, it's nothing next to autozone. this company had 30 million shares in 2016 and now has less than 20 million shares. there's also advanced auto parts but it missed out last time and i want to get into the zone. keep it simple. third it's hard to tell because the endless series, but there is a bull market in aerospace and defense. the russian invasion has caused the west to get serious about armaments. when you think about armaments and aircraft you should be thinking about raytheon. they are up 12's percent for the year, not so hot compared to the strength of its and markets. right now the united states is only giving you $13 million in security aid. if our government believes russia is run by lunatics who

will launch nukes if we escalate the situation, then we are stuck with that low level of involvement and in that case there are two ways it can play out. either germany and france decide to sue for peace and russia decides to put the squeeze on their desperately needed gas supplies or the u.s. decides to we are going to treat this like a full-blown proxy war. and defeat the russians the same way reagan beat the soviet union in afghanistan. we will need more big weapons in either scenario and that's raytheon. i want to emphasize lockheed martin as well but it's already up. finally a long-term bull market coming out of the inflation reduction act. there are huge claimant subsidies in there, there are parts of the legislation the focus on making the electrical grid more climate sensitive.

i think california's new mandate, that new cars will have to be fully electric 2035, generac would like this. it lowers the price of the companies truly viable. i'm intrigued is what this law will mean. the bottom line, there's always a bull market somewhere and right now they are in agriculture, auto-parts, aerospace, defense and alternative energy. >> doctor kramer. thank you for taking my call today.

i'm a longtime watcher in second time caller. you kept me invested through the market and gave me an invaluable education which helped me hydrate my portfolio and i really appreciate it. >> thank you. it makes a world of difference to hear things like that. >> it's a labor of love but it needs to be a labor of money. what's up? >> i know you are a big fan of morgan stanley, morgan stanley is in the trust and i'm looking for exposure to a financial market but one of the first guess you had from blackrock, i've always been impressed with him, what do you think as blackrock compared to morgan stanley. >> the investing club is meant for people like you. we have morgan stanley, the yield is a little higher.

they are doing a magnificent job at morgan stanley but you are right, larry fink from blackrock, he knows they are both great companies. let's go to jack in maryland. >> hey captain kramer. it's a pleasure to talk to you. bring a subset of your crew down. >> what i say to my crew is bait me. >> i'm an engineering physicist and seeking a little insight into technology. one company that is in my portfolio that i'd like you to comment on, the old spinoff msi. >> i have felt and thank you for the kind words, that i have missed the boat on this stock so many times. it's so good. here's what we're going to do,

we are going to invite the ceo of motorola solutions to be on next week. that's a game changer. there's a lot of positivity, agriculture, auto-parts, aerospace and defense. let's celebrate. there's always a bull market somewhere. don't let the sense of doom and gloom scare you out of stock. on mad money tonight, it is stunning. part two of our fantasy football lineup. so which players and stocks, i will reveal my pics. and i'm finding out what's coming up. stay with kramer.

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>> look at the stock workday go. human capital management and financial planning. this stock is roaring. after close workday delivered a good top and bottom line and also raising their four year operating margin. this stock is substantial. can it keep climbing?

let's speak with the co-ceo. find out more about the quarter. welcome back to mad money. >> thanks for having me jim. >> let's get right to it. this is a rather astonishing report, the kind we used to get one the economy was strong and we had little to worry about. you are either on rating operating in a vacuum or the product you have is so essential. >> as my good friend mark benny i was talking about yesterday, this focus on digital transformation remains unabated. companies are moving more and more things into the cloud and the pace is not slowing down. i'm very proud of the team for what they did in the second quarter. it was really a strong quarter. >> you were actually worried

about things you couldn't control like macroeconomic and geopolitical environments, those did not impact your numbers. how is it possible that things you were worried about didn't impact you when so many were worried about things and may and it turned out to be worse than expected for many. >> i can't comment on the other companies. there's no question that the macroenvironment is challenging for the second half of the year we had a couple deals slipped from q1 into q2, and we were able to close all the deals that slipped. we pretty much just ran the tables across all products, i think the area of strength was financed. the financial applications were really strong and maybe there is some pent up demand there. >> there's a company, that was

trying to be more on this, which is indeed again salesforce. they are relying on you to do what? what is it you do that makes you essential right now to salesforce? >> they have always been a big hr and payroll customer, now they are expanding the partnership to include core financials, planning and procurement. they really gone all in and we've gone all in on the salesforce platform. as you know they have been our best partner for 17 years, and the partnership continues to build. i have a huge amount of respect for mark and our partnership just gets stronger over time. that's what's great when you really find a company you can work with and trust. i think that's where we are with salesforce and i hope they would say the same. >> i'm sure they will.

you got exxon mobil? now that is a company that is basically a leader and there are probably other companies in the s&p 500 that are thinking now they should check them out. what did you do for exxon mobil that made them decide they need you now. >> they have a lot of joint ventures and run a complicated environment. they wanted a next-generation planning tool so they went in on workday adaptive planning. we are almost to our four year anniversary of having acquired adaptive planning. this is a flagship win for us. they will use it for financial planning across the company. it is a monumental when for us. >> i would rather have workday

do this. get the across-the-board collection. do you think about that or is it just stick to my knitting and if something really attractive comes i'll look at it? >> for the most part we have stuck to our knitting, we've had some interesting acquisitions we've done. they tend to be smaller in size and highly innovative companies. in this business is very clear, if you don't innovate you fall behind. so we are looking for the next generation entrepreneurs that might have a product that is adjacent to workday. that was the case for many companies which are doing very well under the workday umbrella. but none of them are huge acquisitions. >> the last question, i try to figure out whose stuff is so important to have in a time

when so many executives are concerned. there are companies you have to go to, can't skimp on and make even more. you need workday in tougher times to figure out whose valuable and who to keep. >> i hope you are right, i think that's the case on the hr side. finance might get delayed a bit but right now we are not seeing the delays on the finance side. the business feels good but we have to be cognizant of the world we are heading into right now and i think everyone sees it the same way. >> i want to congratulate you and your team. that is the ceo of workday and it's always great to have you on the show sir. >> thank you jim. >> we will be back after the

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for all-day comfort and energy. find your relief in store or online. >> every year we get betty -- ready for the nfl season the comeback. i think the fantasy roster is a terrific rock -- analogy for my portfolio. tonight we are rounding out our rosters, with special teams and kickers, i know, less than glamorous positions but they can make the difference. much in the way some of your lower profile holdings can turn

your portfolio around. we will start with the tight end position which is kind of a hybrid role. we want a big body who can both block and ideally catch passes. in terms of production the best- performing tight end last year was none other than mark andrews from baltimore ravens. no one talks about this guy. he's one of the best blocking tight ends in the league and last year he was catching passes better than most wide receivers. he's been putting up great numbers for the past three seasons. for the stock market equivalent? guess what, that's alphabet. alphabet, the old google. it's a quiet powerhouse that many investors have written off because they think it's too bold with advertising. there's really nothing that comes close to running ads on

google. a great return on investment. alphabet is also a major player in cloud infrastructure. they have all sorts of bets on healthcare, robotics, climate science and the potential to make the big plays down the field. just like andrews, alphabet is the total package. for another tight end i'd go with kyle pitts who is entering his second year with the atlanta falcons. he had a decent season last year and many expect more from him. he doesn't have the greatest quarterback to work with in atlanta. you know this reminds me of? none other than atlanta-based home depot. despite a tough environment for retail, you have to be worried about anything, home depot is now down 20% from its high.

similarly if you can get kyle pitts in the fantasy draft i think that's good value. next up here is the flex spot which is of course an invention of fantasy football. you can fill the flex spot with a running back, wide receiver or a tight end. the goal is simple, get as many points from that spot. further flex spot you shouldn't pick the best player. that's the best opportunity to rack up points. even if it's an unfavorable matchup. whatever else they've got going from that week. but to keep with the spirit of the flex spot i will give you two players. the first one is a guy i want on my team. samuel. he plays for the 49ers,

technically he was the second best wide receiver in the league last year but he's a bit of a switch army knife. he can run, catch, he deserves every penny of that new $71 million contract. last year he had not the best season because of the injuries. a lot of people expected this year won't be as good but i think samuel will still be a big contributor. you know he reminds me of? williams sonoma. by the way we are going to be talking to williams sonoma in just a moment. when the pandemic hit, they leaned heavily into e-commerce and made a fortune. in the post pandemic year, many were betting it would struggle that it hasn't yet probably because they have pivoted again. don't be surprised if both samuel and williams sonoma continue to outperform expectations.

for another flex option i'm thinking about coca-cola. you know what i like? not bad. don't do this at home. you know who i like? patterson. he plays for the falcons. you could put him as a running back but, also a wide receiver. he's so versatile he will find ways to get points even on a bad team. i think the atlanta-based coca cola is a good example. the core business is very defensive. i love this jack and coke, i'm recommending coca-cola because it also has some underappreciated growth prospects.

jack and i coke is an old favorite of mine. next is defense special team on the roster, treated as a afterthought commonly. that's a mistake. especially if they can score a bit on their own. the dallas cowboys did very well last year. they weren't necessarily the strongest defense but they were racking up 26 interceptions, eight fumble recoveries, i think the odds are good that the cowboys will continue to be solid. who's the stock comparison? are you ready? it's chevron.

like the rest of the oil, they have a fabulous run in the first half of the year, what makes it defensive is the dividend. like the cowboys defense chevron is not as good as it used to be. but they are making enough money to buy back a quarter of the company. for another option, the buffalo bills had the second best defense special teams last year. their defense was good but the special teams were spectacular. the stock market equivalent? well i've got one for you and it's constellation.

the utility. this is a defense. constellation is up more than 50% since i started recommending it in march because it's one of the few publicly traded places for nuclear energy and everyone has decided suddenly, as well as uranium stocks. stick with constellation. it's a special situation story. finally there's the kicker spot. the best kickers can be big contributors to your fantasy team and you know who i like? justin tucker from the ravens. he's been the most dependable kicker for several years running. he reminds me of the baltimore based space maker mccormick. even though they are still down 8% for the year.

they've had a tremendous long- term track record ever since they bought a bunch of sauces and condiments like franks red hot sauce. i find you can put that on a lot of different things. that's because there's a curse word in that sentence. the company has been hurt by raw cost inflation but otherwise they are pretty recession proof. remember why we do this fantasy stock draft, it's a reminder that your stocks should serve a purpose in your well-rounded portfolio. some are defensive that keep their value, some are high risk or high reward. you need the right balance if you are going to make it through a tricky environment in the nfl or in your portfolio. let's go to kevin in maryland. >> hi jim. >> i'm a beverage guy and i

finally retired. i've always liked monster and celsius. six months ago celsius was down to 40 in monster came down to 70. now all the sudden celsius has shot up to $1.13. how? >> they made a terrific partnership, i've liked these guys for a long time. remember pepsico and coca-cola have gotten much more aggressive. this is a fantastic deal that they made, they struck it with pepsico. but that's why it moved up. thanks for calling. i think the fantasy football draft is a terrific analog. remember every stock should serve a purpose. you need the right balance for defense and speculative stock. could this company add some flair to your portfolio? i will be checking in with the

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for the first time ever, prop 27 will provide permanent funding for organizations like ours. saying yes to prop 27 means more people get the assistance that they nee they get someone to partner in such a way to see transformation come to them. yes on prop 27, because there's no place like home. >> so many home related retailers have fallen apart this year but not all of them. williams sonoma, through much of this year, wall steam -- wall street assumed they would get obliterated. but apparently williams sonoma didn't get the memo. it had to great quarters in a

row. much higher than expected. the stock now surged more than 60% from the close in may, how did they pull this off? let's check in with the president and ceo of williams sonoma. welcome back to mad money. >> thanks for having me. >> so what i've been searching about, all the different retailers and why one would have such spectacular numbers, yours. i never know what you are going to come up with. you have innovation, it's not the same store. i'm just curious to see what you are doing right now that you think is really driving people to come to your site. >> thank you, we have talked about our differentiators, we talk about our multichannel strategy and our values but the thing i think people don't appreciate enough is that we design our own product in-house.

that leads to a culture of innovation. people always thinking about most of our brands that we have invented ourselves. there's so much more to do than just have another brand, there is infill. so we want to keep it accessible which is under the heading of improving everyone's lives at home. but as people age and people have disabilities, people need different things for the home and we want to meet their needs. that's one example. another one is the work we are doing with influencers and collaborators who come in and bring their view of what we should be doing to our brand. we have a great collaboration with sarah samuels sherman. is pretty exciting and i think after the pandemic, people want to be organized in their home.

they want quality organization that lasts, so that's great and i'll tell you one thing i didn't say yesterday, it's pretty exciting, we will be the first home furnishing retailer to provide, and provide digital furniture with roadblocks -- roblox. >> i follow roblox pretty closely and i don't think your competitors would think that would be something that they would know what to do with. they might not even know what roblox is. how do you stay so young ? of course i have to go ask my team, what do i know about haley . how do you stay current? >> we have an incredible team

and i cannot take credit for these things. we have great brand presence and incredible people working for them. if you let these people be creative and innovative they can do more than you could ever expect i feel so lucky and proud of this team. >> i come from a different demographic at different ages, when i look at what you do in the kitchen, i can't get the stuff that you make other than if i say, go to italy or sweden. you seem to have an excellent eye for what i would want, let's say a vodka martini. you are a very sophisticated person with decent taste of the crosses many lines. >> it's so important to engage, everyone's daydreaming about going to italy. when you go on it's all over our homepage. our italy inspired product. it's so engaging and that's the

kind of thing we do. you should go into our store and salivate. you should always want to come with us to see new ideas. >> i think the thing you bought the most of this quarter was your stock. now i knew and told you many times it was insane what was happening. you had the best quarter of almost every single retailer and yet your stock was hit hard. was this because you see what's in the pipe or you are just sick and tired of your stock trading as if it's just a commodity? >> we have a lot of confidence in what we are doing. why not make the investment in your own company when you think it's undervalued. we have a great year ahead of us and multiple years of innovation ahead of us. so it was the right thing to do, i think our timing was good. >> did you ever stop and think, we were a covid plagued, and now that covid is over, what

are we going to do or where you always just confident that you had quality regardless of the pandemic or not? >> i worry about everything so i will start with that. covid put people into their homes more . learning how to cook and working from home. there are some things that have shifted back but not everything has entirely. the truth of the matter is people are working from home, they know how to cook and they are entertaining. now we are looking for quality, you want sustainable products so, if you are looking for those brands that provide that, that is why i think we are outperforming. we are hitting that sweet spot of quality, value and design. people love their homes jim. people of -- don't always spend money on things that aren't important but their homes are important.

one of the best investments they can make. >> the best investment you made was buying her own stock. i hope our viewers recognize you are a cut above the rest. i want to thank the ceo of williams sonoma. thank you so much. >> thank you jim. >> we will be right back after the break. with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting

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>> it is time for the lightning round. are you ready? judy in illinois, judy? >> hi. >> i'm 82 and i hold both at&t and verizon. i've been doing some research on verizon and i'm thinking of selling it but, should i hold onto it and hope for better days? i was wondering what you might think? >> you know something judy i'm not crazy about it. i think over time it's a waste. if it does jump to like 45-46 you're going to have to go. >> how about marvel, is it a

buy or sell? >> they did a good job, not a great job, stock trading down a little bit, why? demand is very good but they can't meet all of the demand. they have some supply issues and is not of a perfect quarter. rob in colorado? >> hey jim long time watcher first time caller, i'd love to get your thoughts on starbuck carrier. >> is another one with a high yield which is a red flag. i do not trust companies with that steak. >> rick in north carolina? >> hey jimmy. i love the program and thank you for the continuing education. >> thank you.

join the club. >> i'm looking at the company with acreage and pipelines. should i speculate with mad money on terrarium? >> i think it's terrific. i would do it. we were turned on the all of this. he was the godfather of the industry. how about zachary in the new york. >> hi jim, what do you think about the owners of kfc, pizza hut and taco bell? >> i think yum is okay, i think mcdonald's is better, i think mcdonald is going to 300. let's go to new york.

>> it's a pleasure to be on your show. >> thank you. i do that early morning tweeting because i was a member of the mainstreet bets team. >> i've been holding this on several resources. i think it's over $42. >> take out your three dollars and let the rest run because i think that is a winner of the company. that is the lightning round.

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>> >> bob dylan famously said you don't need a weatherman to know which way the wind blows. we've had so many escalations from disappointing quarters. it's almost impossible to tell what's going on. tonight i'll be your translator. last night for example, the co ceo of salesforce.com, a stock that i own, said that his

customers are being measured in their buys. that's a word we've heard a lot about. it's an extraordinary statement for someone who's usually a great closer. when you are betting on saying the customers are more measured it means executives who normally agree to take a salesforce product now have to run it up to the ceo and maybe even the board of directors. it's amazing to me that even salesforce which is pivotal to so many organizations has started running into measuring situations. they don't want to add too many new costs going into a slowdown. i think it's a mistake because their software helps you control cost and bring in revenue. also of course eliminate more expensive workers. to be sure, or workday tonight,

in short, measured means it's harder to win business. now there's a similar term that's been tossed around a lot lately and this is one that you really have got to learn that i've never heard until this quarter which is elongated. while measured is not good, elongated is awful. these companies talk about elongated sales cycles and that might sound like it takes longer to close the deal but when you read between the lines, that's the term they use when they can't close the deal at all. when you hear the term you have to recognize the next quarter will most likely be a disappointed because the elongated deals simply aren't going to come through. some terms sound daunting but are easily understood when you know the context. many retailers are reporting an excess inventory which doesn't tell you anything. what you need to know is whether the excess inventory is being disposed of. for example target disposed of excess inventory immediately, allowing them to open the floor

space for merchandise that people actually want. they have cut the price to unloaded unload it. for example bed bath and beyond has a ton of excess inventory made of its own store brands that have instead really sold badly. they need to bring in nationally branded merchandise they used to carry. without clearing the old inventory out the new stuff can't come in, in that sense it doesn't matter that they just got financing, what it needs is sales. finally we've heard a lot about clearing events. that means the company set out a lower albeit disappointing benchmark. this is to inspire you to pull the trigger after the quarter has been reported. no business ever invokes the term clearing and no investors ever think of clearing, if it hasn't already really reset

expectations. it is just too dangerous to do so. just remember these terms rarely mean what they sound like but once you have a translator like me, you can figure out whether they mean by or sell. i like to say this, in the ukraine war zone, big trouble, at a nuclear power plant, i'm sheppard smith, this is he news on cnbc. >> the largest nuclear plant in europe, off the power grid for the first time ever. the dangerous situation, with russians in control. >> russia created this risk and only russia can diffuse it. >> the race to get nuclear inspectors inside . record rainfall, widespread flooding in mississippi.