something else not good. >> bono win? >> i will be looking at j and k from the sthort side. >> dan. >> i like buying on the gap lower. >> see you back here tomorrow at 5:00 for more "fast. don't go my mission is simple to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm trying to make you a little money my job is not just to entertain but to educate and put days like today into context call me 800-743-cnbc tweet me @jimcramer.

when you think a met trick is in control of the market, the market changes with it that's how i feel about tomorrow night when we get the results of the midterm elections where republicans seem likely to pick up seats the prediction rocketed through the market all day leading to nice gains dow surged and s&p jumped 9.6% and nasdaq gained .85% how big could this election be for the market look, it wouldn't shock me if the gop took commerce. given wall street sees president biden as anti business you can expect the market will be thrilled with republican victory. plus, wall street always loves divided government because it means that washington can't do anything. so what exactly does it mean for us first, the good news for the

bulls, the averages have rallied after every midterm from election day through june 30th of next year it's happening every period since 1930 according to amazing work the gains are almost always substantial but the last five post midterm runs have come on the low side, roughly the high single digits but 100% is a pretty darn good percentage. so let's give it that historically strong pattern. i also think any change of either the house or the senate will be regarded as the sign of things to come in what could be a critical presidential election in 2024. now, that's a big deal for the stock market because joe biden is not a friend of the market. in fact, i never seen a president in my life who cares less about stocks, something even mentioned to me a couple decades ago riding on amtrak to washington it's admirable that biden doesn't take his q from the averages but my opinion means nothing here wall street hates it in comparison to the last guy that measures the size of the gains

and stock market, something he pointed out on a daily basis so you should indeed get a pop on wednesday if the republicans take it. what's the biggest winners going to be? first oil and gas. simply the drillers oil service place including halliburton which we own for the travel trust, which of course you can find out more by joining the club, the cnbc investing club and i wish you join and there is sob, the old schlumberger and the oil and gas producers different from the service companies that need more pipelines to bring their product to market. banks are also big winners because the gop win means less regulation the biden administration is considered incredibly anti bank so buy the major jp morgan of wells fargo, the latter a big position in the travel trust these stocks are moving up, up, up because of the feds increase in rates and in anticipation of big gop victories tomorrow night. finally, we can expect the mergers would thaw immediately

upon the election of the republican president the only deals with private equity firms taking down privately traded companies it rare two publicly traded companies try to merge and when they do, it's hard for them to survive the gauntlet however, and in many ways this is more important and we talked about it all, there is a bear case here too. first, if we get a divided government, the non-elected executive agencies may really double down the criticism of big businesses that's especially true if they sense biden's reelection may be in danger. i expect the ftc to fight kroger's attempt of acre quisit of albertsons. big win. so the next years could be incredibly negative for m&a, not good for gold man sachs with

serious out performance. these fed officials care about what would happen to your paycheck if an anti competitive deal is approved you may not like that but that is the law of the land so go try to change the law if you want to second, i'd expect the federal energy regulatory commission or ferc to do everything in it's power to stop the pipeline they have the power to do it if biden wants to get reelected he needs to lower gas prices and more capacity can make that happen there is only so much oil to release from the reserve if he stops depleting it, i think gasoline prices would spike rather rapidly third, i could easily see an investigation of the banks for not passing on more of the profits they're making from investing in risk free treasures at a high yield but paying you much less for the deposits in your savings account if the gains seem unfair, what do you call it

collateral damage to slow down the economy. you have to wonder if the president won't call for an exa examination. it's an unsophisticated way to look at things fourth, coal is a very important line item for the. >> reporter: -- railroads. exported a great deal of this. but the president's hatred of coal could lead to a tariff and if he wants to escalate things, he could ban the sale of coal that may end up there. when trump was president he chose to be tough on china by slapping tariffs on goods we import biden on the other hand targeted the chinese tech agency because it's adjunct to the military i bet we see a pop in the semi and semi equipment makers if there is a republican sweep but that will be short lived as executive agencies keep ramping up sanctions the biggest issue to be able to

test the midterm thesis is the funding of the debt. this is what a lot of people are talking about. member, the debt ceiling crisis from 2011, the last time republicans took congress with a democratic president could happen again what a disaster. we might need to worry about the government defaulting on its debt maybe we'll get hit with credit downgrades like before this is what i'm most worried about about divided government the market took a 19% hit the last time we had this fiasco i think it will play havoc with the averages but came out of the last one just fine so i recommend being ready to buy, not sale after the debt ceiling crisis gets resolved recognizing it will be treasury theater. in the end, i think today's move was a knee jerk presumption a republican victory tomorrow night will lead to higher stock prices and ignores the fact there are executive agencies and

the agencies aren't accountable commerce they might dig in heels if it helps them going into 2024 and ignores the possibility of another debt ceiling crisis. the bottom line, if the market runs tomorrow in anticipation of a republican sweep, be aware we had a big move and it might be, well, we might -- that may be all we're entitled to for now unless rates go lower, which they're not or earnings get better, which they haven't because there is a lot that stays the same even when congress changes hands let's go to shannon in south carolina, shannon? >> caller: hey, jim, we love you in south carolina. >> awe, thank you. i like the barbecue in south carolina fantastic. fantastic barbecue what's up? >> caller: i'm asking you about the artist formerly said known as square. >> yes. >> caller: and the three to five-year time horizon on that. >> i got to tell you that's a fintech company and the fintech companies are still, even after

this incredibly over valued because they're all competing with each other. here say $37 billion company and maybe it should be a $20 billion company. there is no telling what it's worth because it doesn't make any money. so and when it does, it's incredibly over valued let's go to david in pennsylvania, david? >> caller: boo-yah, jim. shoutout from the philadelphia suburbs. >> absolutely. go ahead >> caller: hoping to ride the eagles wave to february in the super bowl. >> we don't want to jinx them but i'm with you, what's up? >> caller: wanted to get your take on a couple e commerce stocks, specifically one shopify specifically how it compares to the giant competitor amazon. >> okay. i think shopify like etsy are two survivors of this period what they're valued at is hard this is valued at $34 billion but it is -- it is the power behind so many small businesses that i think it is worth something and if anything, it's worth more than what it is

selling for. all right. if the market keeps running tomorrow in anticipation of a republican sweep you need to be aware that we've already had a big move based exactly on that happening. on "mad" tonight shoppers looking for a bargain heading to the outlets. could it present a market for home gamers? how much worse could it get for big tech names we got an exciting turn today. let's check out the charge and see and fell today after an % investor day so a buying opportunity is consistent for many years i'm getting the latest so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer #madtweets send jim an email to

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it's been a big year for a lot of the mall retailers but the worst things get for the industry in general the better things get for the off price chains to buy up excess inventory from the big chains from next to nothing and for the point of this interview, it's a great opportunity for tanger factory outlets, owns 37 upscale open air outlets where you can find all sorts of merchandise. i happen to love mine in river head long island tanger outlets are the name brand known for tremendous value and that's what works here

sure enough, what the company reported for a comfortable both t -- bottom line beat and occupancy is 95% approaching prepandemic levels same net operating income, which i like to look at up more than 5% and pay a big dividend and keeps going up take it from me, let's speak to the president and ceo of tanger factory outlets with a better read on the quarter. welcome to "mad money." >> thank you great to be here. >> one thing is absolutely certain. we know that from your predecessor from mr. tanger. you seem to be in the universe there are companies that really want to be able to get rid of their merchandise and do it at their own stores, not just dump it off into the channel and you also have tremendous growth including nashville and palm beach. it seems like if you don't mind me saying it, there is a lot of

people that go to your place doing pretty well looking for the real bargains and you have them. >> that's right. well, our customer is a value shopper. they want brand at value and we live to the intersection of those two things where brand meets value. we're not a discount -- we're in the a discount retail company. we're not selling commodity at price. we're selling the best brands at the best possible price every day and take this holiday season with promotion on top of it, we're the only place to shop. >> yet, at the same time and we -- i just came back from palm beach and i got to tell ya, palm beach is not an area of inexpensive area again, that kind of in the same way that you're right next to them, the hamptons you've got locations that are like a rainy day for people. >> if you look at the lineup of brands in the shopping centers, those are the brands they want ralph lauren, michael kors, coach, under armor, best national brands and

international brands and the customer is coming and not only that, they're staying because we're doing a much better job of adding food and beverage outlets in the past, the food and beverage business was nonexistent but now, we're thinking about that and getting better experiences and better amenities for the customer, et cetera they are staying longer, building bigger baskets and staying longer. >> you said look, we know there is a lot oaf f retail very few retailers are closing stores so it's not like you're looking at the list of tenants and you should be worried about them and i know gap is big for you but there is nothing that says that gap -- gap the store isn't doing that well but gap the balance sheet isn't bad. >> don't forget. gap is three brands, gap, old navy and banana republic and athleta is rolling out they will be a future occupier on space going forward but for right now, look at ban

that -- banana republic. people are dressing to go to work and to travel and banana republic is reaping the benefits. >> premium has some that loft, ann taylor, historically the management had tough times but you're okay with them. they're pretty important leaser of your leasable area. are we okay there? >> yeah, we're fine. some of the brands have some of the biggest comps. again, going back to dressing for work, dressing for events, dressing for travel. that's right in the sweet spot of those brands are delivering to their customers. >> and simon properties, we're very close to simon. spark group is simon and their brooks brothers, lucky brands. are there enough locations that simon properties own discount that they could take these back or they need you >> you know, they've got pretty sophisticated real estate people around their side and doing a really good job.

for us, they want to be in shour s -- our shopping centers too brooks brothers renewed a lot of leases but continue to grow the portfolio. really important brand for us and benefitting from that dress for work and events, et iscetera a lot of brands are particular lay ly successful now. >> you can go to williams-sonoma outlet, they got $1,000 merchandise but it's a channel for them and very important channel for them and they don't want it to go into a bargain do you find companies like that don't want to see their stuff at alis and want it at their own to not bring down their brand >> that's part of the leasing pitch. we're getting new brands, the first thing we talk about is you can control your product and the placement. you can control the pricing. not a lot of channels allow that you go into a big box, it's classification merchandises.

polo shirt is a polo shirt is a p polo shirt and you differentiate your brand put it in your own environment where everybody has an opportunity to buy the things they want. if they're a fan of the brand, they can buy the entire brand from children's to grandparents to home, to beach, to everything. >> everything. now, look, i'm not too critical of the community but they never noticed that you raised the dividend twice i mean, obviously you raised the dividend twice not because you think you'll do poorly that's a very aggressive decision that had to be based on the fact you looked at long term because you can't change the dividend you must look long term and realize you can afford to pay more. >> well, we -- first of all, returning to shareholders is a great use of capital for us but additionally, we feel pretty good about our rents and our pricing power. right now, our rents are at a low, probably one of the lowest

in any retail channel right now and historically, we're probably low double digits so we have an opportunity to continue to push the rents. we had six consecutive quarters of rent spread growth and it's just from pushing rents and we'll find from retailers, first of all you said in the renewals, they're not closing stores right now. the stores are built, they're depreciated and cash flowing positively and not a lot of retailers will close a positive cash flowing store if they have to spend capital to replace the store. >> i don't know. i feel you justify onc our confidence in your company, which is long standing i'm talking about 2007 is when we first decided we liked your stock. that's steve and he's tanger -- you might remember steve tanger, still executive chairman >> yes. >> we like the stock skt. "mad money" is back after the break. >> announcer: coming up, no need >> announcer: coming up, no need to advisor will work with youtd

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all right. how much worse can things get for the big tech titans now that they've collapsed? i'm not talking about today's bounce the last couple weeks are down right apocalyptic for so many tech companies we used to think of consistent winners. bad times. not anymore, though. with a few exceptions, the fundamentals have gotten much worse for feng and friends but not just the numbers are ugly. these stocks went out of style a year ago literally a year ago this week and this earnings season has confirmed that wall street made the right call now, despite today's pop, things have gotten very ugly and there is also a psychological opponent because the big tech outfits keep making the biggest

supporters look like morons. that makes things harder for the stocks how much harder? tonight because we have to be objective. caroline teaches at the im accused me sfx pabecause we gott get a better read. this group is confounding. specifically want to look at three of them, amazon, alphabet and nvidia first, you need to understand what changed take a look at this daily chart of amazon. this is going to blow your mind up from back in 2020, the good ol' days, the house days at least for this particular breed of internet stock. obviously, not so good if you're living through it. boroden says this is the old paradigm where amazon had an incredibly bullish technical setup. the stock was in great shape making a general pattern of higher highs and higher lows at the same time the stock traded above the 200-day moving average and 50-day

have to be above this and this, pretty much but look, look at this all the time plus boroden likes to look at a particular buy trigger when the five-day moving average, the blue line, okay, crosses above the 13-day and boy, have we ever seen -- look at this so clear, right? every time red line you got to pounce, got to pounce, got to pounce, always right. that's when she thinks that it's a great setup. exactly what we had in amazon two years ago. so what did we get we got one of the greatest rallies i've ever seen in my life more importantly, every time amazon pulled back in 2020 you can savely safely buy the dips e out like a bandit but it gets people killed in 2022. check out amazon's daily chart boroden points out it's almost the exact opposite of what we were looking at in 2020. amazon made a series of lower lows and lower highs forming a

clear negative pattern see? lower, lower, lower, lower the stocks below both the 200-day, that's this one and it's 50-day, that's this one, these are crucial for moving average trigger the five-day versus 13-day is in bear mode. this crosses that, okay. it's under note the 13th day this is terrible take a look at that. everything that could be wrong is wrong with this stock and boroden knows this chart does not support buying the dips she thinks you take your life in your hands after you do that even if the stock is e viserate. there is one more thing she's looking at here. she likes to take past swings in the stock and then run them through the prison of the

fibonacci ratios for scales price and duration, time right now she says amazon has a cluster of fib fibonacci cycles. if amazon can finds the footing, boroden thinks it's so negative, any rally should be short lived. if the stock does bounce, she recommends you ring the register what could make her more positive on amazon the first thing that would have to change is the exponential moving average crossover we talked about that right here. she won a few days of upside that would allow the five-day to cross back above the 13-day. thatwould be the first indication of a short term rally but that by itself doesn't mean the stock bottomed if it goes up like that, we're not necessarily going to call bottom so what can ir say if they made the big, big cuts they need to make we'd see this

break out. clearly, she does not agree with my thinking. next up, how about the daily chart of alphabet, the artist normally known as google boroden says this is in a similar position alphabet is trading below both the 200-day and the 50-day moving averages, we see that the 200-day is this. by the way, let's call it -- appreciatively below it has a general pattern of lower lows and lower highs, that's what we see over and over and over very negative exactly what they hate the five-day exponential moving average is below the 13-day, again, just awful and that's her personal signal. she's saying sell this in her view like so many big tech names, quite a lot of technical damage is done to alphabet over the past few weeks. they turned real bearish and boroden doesn't believe they can shift back overnight it's possible to get over sold rallies. the stock has a lot of resistance on the way up

a bunch of ceilings running from 88 to 93 that's pretty far from here. given the lack of anything bullish in this chart, boroden wouldn't bet on alphabet breaking through this ceiling. so negative. now, there is one beaten down tech stock that's actually showing signs of improvement and that one is nvidia although boroden stresses this one still is not out of the woods. after spending roughly a year lost in the wilderness, nvidia started bouncing which is really incredible because boy, it's bouncing on bad news in fact, the five-day moving average has now crossed above the 13-day i don't want to obscure that that's crossed above the 30-day. it's fired the long term pattern in nvidia is heinous and that's the long term is this one, okay, down look at that down, down, down, okay boroden says the short term pattern looks a lot better since the october lows, the stock is actually made a pattern

of higher highs and higher lows. this is important for me because they preannounced a bad quarter and then they did it and it wasn't good and the stock bottomed that's very positive to me that's only a possibility. boroden says nvidia is not out of the woods yet because the stock still is trading below the 200-day moving average, which is very far above here. and of course, the longer term pattern going back to last year remains incredibly bearish if nvidia can maintain the recent momentum, she points out the stock is facing major resistance between 147 and 150 and now around 152 it needs to jump serious hurdles if it's going to get the groove back and that's hard to imagine. if you want to make the short term better, she sanctions it but says that's a big risk i say that to someone who is a big believer and i told investing club members endlessly, this isn't a good market and i can tell you, the bounce even though she says the

best one, i sat down and thought about the stuff she's saying it is inconclusive. bottom line, the big tech stock ha s have been hammered from the highs but suggests it probably isn't safe to start bottom fishing. amazon and alphabet simply aren't in by the dip situation like i said, a little more positive about nvidia because it started to turn but she says don't get your hopes up for too long i hope that's not the case doug in north carolina, doug >> caller: hey, boo-yah, buddy, how are you doing? >> doing well. how about you? >> caller: doing good. doing good wanted your thoughts on the home builders, dhi in particular. they seem to be holding up even though the market itself seems to have had emergency brake pulled we have earnings coming up this wednesday. wanted to see your thoughts on them as well as lennar and kbh and the sector as a whole. >> this is a situation frankly,

doug, the stock should be lower. the increase in mortgage rates is so aggressive that it's very hard for me to hear them say anything good. maybe this time is different and they got their act together better but cancelling rates will be high. i don't want to own them maybe buy them after and get themcheaper. marcus in new mexico. >> caller: 300,000 acres set for disney but not listening to me how can i help >> i got a quick question for you. etn or abb on the grid. >> wow. >> caller: abb is cheaper but etn had better five-year stock performance. >> that eaten conference call was a thing of beauty and they are the ev charging stations they can convert this whole country into a situation where we could be solar generated. it's much more better than germany and only sunny in germany 27% of the time for

heaven's sake. i like your call the chart is interpreted by carol boroden to make a bottom fishing call amazon and alphabet aren't in the dip situations and nvidia a little different much more "mad money" ahead including my exclusive with u fullty companies like nisource fintech was a market darling i'll give you my take and all i'll give you my take and all your calls, rapid fire in can he stand on his own... s will help you get there. as you plan, protect and retire. ♪

tonight's edition of the lightning round so stay with lightning round so stay with cramer

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all right. what happened today to the stock of nisource. utilities are the second best performing because these consistent dividend stocks you circle wagons around during a fed mandated slowdown. the descent forecast held an investor event at the new york stock exchange where they announced the results from a business review introducing long-term forecast talked about going net zero on carbon emissions pretty soon 2040 given the stock plunged 6% today, sure seems like wall street might have been skeptical to plan but the whole utility group got bit by the negative pin action from dominion energy. that's why we need to take a closer look with the president and ceo of nisource. welcome to "mad money." >> good to see you, jim. >> it's an honor to have you on. nisource is a stock i've been recommending since the early '80s for tremendous consistency.

there is nothing said today that had anything to do with the consistency of continuing to pay a good dividend. >> that's right, jim we have a good long-term plan 6 to 8% growth between 2023 and 2027 with 8 to 10% rate base growth so we believe we're a very good long-term investment. >> the areas you're in indiana, kentucky, ohio, pennsylvania, maryland, these are areas of great growth in our country, aren't they? >> so there are some customer growth in our areas, we grow half a percent per year with respect to the customers but important thing is they use a lot of energy, a lot of electric and natural gas so we're excited about the prospects and great jurisdictions we serve. >> you do have a tremendous wheel turn you've got a big lift coal into what i think was a hydro a lot of really great stuff, alternative energy. how is that going to go? maybe people -- i'm trying to

figure out are people skeptical to make the transition >> no, there is a lot of confidence we have 14 renewable's in the state of indiana retiring coal and our utility by 2028. those projects are on schedule really excited about that. what the customers will see is an increase for the renewable's but a decrease as we shut down the coal plants and we don't have to buy coal to fire the plants it will be a huge benefit for the customers in the long term. >> i tell you. i don't think solar, we always worry about germany and did germany go too fast. is this something your should be concerned about if you're a rate payer or shareholder of m import is really important in nisource we have reliable, affordable clean energy set for our customers for the long term.

>> i'm glad you mentioned affordable last week we had a couple restaur restaurants saying they missed their quarters like cheesecake factory because of energy. have you been able to keep it stable >> we have been able to keep energy costs stable but the commodity price, the cost of natural gas today is over $7 so we're trying to work on really being able to be in a position to help our customers through the winter. >> are there people who are asking for a break right now >> well, what they're asking for is help. they're asking for programs with energy efficiency. they're asking for communication and payment arrangements we're proactively arranging to provide those things but our objective is to help manage this transition. >> we had an employment number on friday which was incredibly strong and on the other hand, we have many people that live paycheck to paycheck and people often forget that. are the paycheck to paycheck

people really getting hurt here? >> i think what is really going on in the industry for us especially with the commodity prices really high is the paycheck to paycheck people are really challenged for this short period of time over long period of time, we expect the commodity prices to go down. we're here to help the paycheck to paycheck people get through the winder and make sure they have affordable, reliable energy they need. >> you're selling some nipsco. it was private and bringing it public you mentioned if you needed to, you could use at the market stock sales. for people that like the stock, i don't know if i want that pressure of the aftermarket but the nipsco gives you breathing room. >> what we announced today as part of the process, we'll sell up to 19.9% of our utility in a tax efficient way. what that does is it allows us

to not issue aftermarket stock until after 2025 so that gives us a lot of room to work and keeps us relatively stable. >> now, since 2015, continuing increase in dividend, i know that's up to the board but i didn't see anything today that made me feel like that the stocks should be down this much other than dominion because it wasn't like you said you have to take a pause on the dividend the dominion, maybe that was just the bounce back dominion is a great company and you know that as well. it seems like you are on more solid footing. >> nisource we're committed to our dividend 60 to 70% payout ratio and continuing with the endeavor. >> you do have when i look at where you are in ohio, you're right there. does it matter because you're not really in the transmission business does the matter they are there. >> it does matter. it gives us a competitive advantage. the closer you are to the available gas reserves gives you

a competitive option on the price of natural gas our customers pay slightly less than customers not near it. >> i got to tell ya, i think it literally unfortunately dominion really did color what happened at nisource. there is nothing in here that isn't anything but positive unless people feel it's too much of a stretch to become all this natural. sounds like you got that under control. >> we're excited about the future and process our plan was good and excited to execute on it. >> one thing people need to know is that you may think he's a colt fan, maybe ohio fan but he's from norristown he's an eagle fan. lloyd yates, president and ceo of nisource. go birds. >> announcer: coming up, cramer takes your calls and the sky is

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with american made products at weathertech.com... it is time, it is time for the lightening round play the sound and then the lightning round is over. are you ready ski daddy? time for the lightning round let start with danielle in new jersey, danielle >> caller: hi, jim thank you for taking my call i love your show. >> thank you, danielle. >> caller: a small cap energy stock that i'm considering but i would love to get your opinion. >> small cap, it's not a dice roll because it's a legitimate company. i prefer it gives you the

dividend you know in the investing club we bought cotara good yield so last week told members of the investing club cotara is the one to buy how about dave in illinois, dave >> caller: cramer, my man. >> it's dave. >> caller: not a bad market day today. >> no, it feels good might have some gain what is going on >> caller: this is the sweet stock of the market health care and is a cash flow horse so dr. c, am i reaching for a falling knife? lnth. >> no, no, dave, you sum surprid me coming with a good name investing club name and you know the club a good idea and you always bring it when you come to show she showed up yesterday. let's go to bill. >> caller: jim, this is bill in florida. the question i got is about a

stock called kd symbol. >> it's a reseller ibm reseller i know martin schroder would say it's more than that. i have to be conscious the stock isn't that good, however, the stock does seem to be bottoming and i think martin is shrude enough to take the stock the $9 stock is up 10% if it comes down a little, do a little and make some money let's go to jamie in california, jamie? >> caller: boo-yah, jim. >> boo-yah what's up? >> caller: i'm a member of the investors club. >> thank you. >> caller: ai, antero resources. >> you remember the club, they have that combination dividend and growth i like so much and misinterpreted on friday but very inexpensive and i'm not going to say anything bad about it let's go to daniel in new york,

daniel my brother >> caller: how are you how are you doing? >> good. how are you? >> c >> caller: amazing what do you think with tesla >> tesla has got the worst chart i've ever seen and that's driving things i'm still a believer people are very worried mr. musk has to sell a lot of tesla to pay whatever he hasn't paid for the twitter. i say that tesla is not cheap but i'm not going to let the chart determine the fact it's a descent situation and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by t.d. ameritrade. coming up, if this sector needed a loan could it reject its own application?

its own application? to you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! e of thee to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade.

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now, fintech death rattle, it never seems to end. we've witnessed a steady decline of financial technology stocks, affirm, buy now pay later has went up since tech names peaked. the buy now never pay joke makes the rounds a couple times a week upstart to short out borrowers plummeted to 18 over the same period all-time low looks like the borrowers, well, think approve they might not have good credit as good as we thought when rates rise suddenly. bad loans jump to critical levels but they disagree there is sofi like a digital bank but the stock has fallen

28-5 coin base by nature is fintech collapsed to 429 paypal is legitimate business but the margins are slehredded h stock is 77 now. that's when happens when you grow much more slowly than you used to, more slowly than wall street expects square known as block, a company i talked about is selling for 289 to 62. these are stunning there is two things you need to know about all of these fintech companies. first, they have innovation because there was nothing much left to invent anyway. second, they're probably all over staffed given the fact they thought business was on fire until the fed pivoted a year ago. people emulated best offerings apple is about to launch buy now pay letter you don't pay them, they'll take your phone back. there wasn't much with finance come up with something new it probably doesn't work well and rapidly rising rates are just plain dangerous. then there is the digital real estate plays so many companies try to tell us

we needed better technology to make this industry i more efficient. docusign during the pandemic but the covid stocks are hated post pandemic c compass and zillow went to $2 jefferson is on the two i think. zillow got into flipping homes saw the stock fall from 210 from the february 2021 highs to 33 even as they abandoned the home selling business they're struggling i didn't like the last quarter because of the slow down in home sales. the conference call was horr horrendous it is hard to top carvana when it comes to fintech. this digital used car retailer made a ton of sense when used cars were hot. because of higher interest rates, sales are falling fast, used cars depreciated substantially last month

carvana was up in the summer of 2021 and hit $7 today. even after the company raised a bunch of money at high levels, last week the fiery auto analyst of jp morgan wrote a piece titled, funding outcomes uncertain removing rating and price target and laid out a bear case for carvana to put the stock at 10 cents. a dime yikes. now, hope springs eternal on the fintech world in this car companies, founders are hopeful to sell real estate. the automated used car vender model to allow you to buy a used car and take it back from the garage, by the way, it seems too difficult in an environment where it's much harder to get financing. i tried it once. it was good. such a negative story was told the stock was halted for trading at one point today because

sellers are overwhelmeddisconce. how much worls can -- worse can it get for fintech all the kings horses and men cannot put the money you lost on this group again i like to say there is always a bull market somewhere and i promise to find it here on "mad money. i'm jim cramer see you tomorrow it is the eve of the u.s. midterm elections. issues like inflation and layoffs are at center and interest rates march higher. for the first time in years, more americans say they will be voting with their wallets. meanwhile, corporate earnings reflect the same anxiety consumers are becoming more selective where they spend their money. businesses are culting back on spending and hiring, and it's time for some perspective. this is