upgrade. >> karen finerman. >> first i want to say happy birthday to my brother, marc feinerman. >> oh, happy birthday, mark. >> and i'm going to pick my naughty amazon i bought some today. >> well, you think it's nice. >> thanks for watching my mission is simple, to make you money i'm here to level the playing field for all investors. there's 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 just trying to make you a little money my job is not just to entertain, teach and show why days like today can happen call more oh tweet m me @jimcramer.

mergers, mergers matter. what companies buy each other at a big premium, it tells you stocks entirely, the whole market may just be too cheap that's one reason we were today, the dow surged 529 points and s&p soaring and nasdaq 1.26%, i almost gave up on the nasdaq after a dry spell today we got three deals. all which made me more bullish horizon therapeutics, look at these. these are big prices this was for $28 billion $8 billion thanks to a different bravo and weber, the grill company is taken private for $3.7 billion okay take one by one, put them together each of these deals came at a nice premium and tell you a lot about the current state of the entire stock market. first, amgen, one of the first

big biotech firms had a younger business with exciting drugs at a 15% premium. double where horizon was trading earlier after we started hearing rumors of a deal orphan drugs, super inexpensive drugs that are rare. they tend to be covered by insurance and will be added in 2024 that's quick. my initial reaction was the deal was too expensive. there was a bidding war and horizon and j&j dropping out as the price grew too high. i didn't understand the need for amgen to pay up because i thought the pipeline was a lot i'm getting convinced this is a good deal after hearing from them this is a rare merger that should close quickly because there is no over lap of drugs. no worldwide infrastructure to market the rugs, something tha costs a fortune. a lot to build out but amgen can plug it in

third, the price is easier to justify when you're confident of a big payoff there are a ton of companies that look like horizon thera therapeutics i like that story. bio marin and cgen and so many others the deal is huge we have so many bioteches that have become public and not enough cash to really fund the big trials they need to fully commercialize this stuff that gets approved. i'm involved in one of these it costs a fortune when pfizer bought them for the migraine franchise in may paying $11.6 billion it might signal a skating set of deals one off. since then the market has come down big there are tunnels of big pharma companies that need to pay to pad out the pipelines more than amgen did. look for more deals. next up, let's talk about toma

bravo. this is incredibly important because it's a cloud company losing fortunes, might be a value to someone, anyone even if hated by the stock market. it seems to have a knack for buying enterprise softwares. they bought sell point for 6.9 billion and ping identity for 2.8 billion at sweet premiums. none of the companies were making money they were losing boat loads. this firm raised a fund worth $32.4 billion precisely to buy companies like coupa it's expected to buy many more companies in the space and that's a big deal for the flying nasdaq because nothing is as hated as the cloud software stocks c coupa fell they're basically playing what coupa was valued at in march enterprise software black hole

i like coupa the company we had them on repeatedly. they dominate the procurement software space saving billions of dollars wall street has no time for the cloud software names focused on revenue growth, not profitability. even if they're young enough it makes sense. war on inflation is called it went out and $40 and you can see huge label untouchable software and consumer prices and the fed the next day, well, i got to tell you a lot of stocks will go back down and that may be when we need to strike. coupa taken private feels like a floor of past deals because i never thought the ceo rob bernstein would sell and he's a young guy. i love the company when you see the cloud software

st stocks going priiing private, tn longer shooting fish in a barrel the more sophisticated people, put -- okay. it's put a put under the group it's an important cohort of stocks that have known no bottom this year. no one will think of these stocks as pariahs again after this purchase. picking among the rubble they're not going after the best of breed finally, let's talk about one that shocked a lot of people weber. weber. the grill company. not long ago the last week of october they traded around $4 a share a come down from $14 the ipo price in august last year and rallied to 20 after that deal but turned out to be a pure covid play. why? because grilling outside was the safest way to socialize during the pandemic once the world went back to normal, demand fell off a cliff

and numbers cratered i remember the ceo on the day the company came public, we were outside doing grilling but i was battling about the durability of my weber in many ways, that was the company's undoing. not like you need to buy a new grill every year, especially if it a good grill, a weber 3.7 billion made us rethink how we should hate the pandemic plays and docusign and zoom video. i was surprised trager didn't do much not saying they ignited the rally today. i think the market got so over sold, oil is the leader in the market but these deals certainly gave them -- gave most buyers a lot more confidence. there are a ton of stocks the market has no appreciation for and finding out other companies are private equity buyers value them more highly that's never a bad thing here is the bottom line, if i were just -- if it was one deal,

just one deal, okay, it could be ignored. two deals might raise eyebrows but three deals in an environment this house tail at takeovers, at that point you need to get more positive on the entire asset class because the inquirers are telling you the stocks are too cheap to be ignored. nico in illinois, nico >> caller: jimmy chill, a big boo-yah in chicago for ya. >> portillos and bennys, boo-yah back at you. bennys where my wife had a home run. what's going on? >> caller: well, i want to know about your take on the vix is you're one that mentioned the vix when we get rallies. >> yes. >> caller: if we get a santa claus rally this year, do you think that we'll see the vix rally with it? >> i think the vix will go down. i think that actually after thursday we're going to have some days where there is nothing else to do other than buy stocks and that's what is going to happen all right.

inquirers are saying these stocks are too cheap to be ignored. i thought this was an amazing buyout today could an investment in chew y give you something to chew on or could you be barking up the wrong tree one sector was higher in 2022 and i'm drilling into it tonight. i'll reveal it and whether it can continue roaring in the new year and give you the best i have and after a tough year for the market, i have one company managing to power higher do not mismy es my exclusive wi the ceo of consolation energy will be with us so stay with cramer >> announcer: don't milsz a second of "mad money." follow on twitter. have a question, tweet cramer #mad #madtweets send jim an email to "mad madmoney@cnbc.com or give us a

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. you have to be careful with the beaten down tech and e commerce the vast majority is too risky if they have come down substantially from the highs and get a take like this morning we've learned painfully over the last 12 months they're the definition of what doesn't work when the fed is tightening so let's not fight the fed at every single point there are always exceptions. for instance, last thursday i highlighted four e commerce names. etsy, pinterest, i did that again this morning, shopify and the south american one i like so much i do believe in etsy and

pinterest more than the two others all four behaved like they bottomed they're putting up solid numbers. i think they'll look a lot better in 2023 and start facing year over year comparisons and maybe the tax law selling will end and that's why we called them the comeback kids originally, i wanted to talk about five of them, not four we left would be out, the fifth one is chewy because it was reporting that night and i thought it would be irresponsible to recommend without taking time to go over the quarter. that's not the way we do it on "mad money." i'm not trying to guess a quarter but think long term about a stock and i'm glad we didn't jump the gun. last thursday night, the online pet food retailer reported confusing numbers that caused the stock to really whip saw and opened down 4% and i said man, am i ever going to recommend this one then ultimately reversed and finished up 4% after taking the weekend to do

some homework, i think chewy wa a mistake. it's the comeback play that should be worth speculating on because pets remain even after covid a much sought after thing as part of people's home part of that is because the stock spent the better part of two years in the dog house chewy became public at $22 a share jumping to 35 on the first day of trading exciting time. that held it back a bit because back in 2019 wall street cared about things like over valuation. we weren't fully in speculative mode yet after pulling back to 20 and change when the covid crash hit in march of 2000 -- of 2020 chewy caught fire when everybody realized an online pet food store would be a pandemic winner you see the boxes with the ups trucks like gee, i got to own this one it charged from $20 to 120 in the peak of february where it got a boost from the meme stock because the messiah that became

the chairman of game stop was originally the co-founder of chewy. that said, he has no relationship with chewy anymore. i don't want to talk about that guy which i think is a good thing because i don't want any association with game stop, which i love so much after peaking in february of last year, chewy spent the next 15 months moving lower like so many other covid winners, the stock peaked well before the rest of the market and the darn thing kept falling and plunged back to 22 and change in late may. every penny of the gains since it became public 3.5 years ago we know chewy got a boost but the stock was trading like the growth business sat on its hands for three years and that's not true since then, chewy stock has come roaring back to $52 in mid august for the fed harshly reiterated they will keep raising rates aggressively and the whole market rolled over such an ugly moment.

c it pulled back and rebounded it's not an uncommon pattern but this is not a complicated story. chewy made a fortune when the country went into lockdown and everybody with a pet decided to order supplies from the internet rather than buy in person. that makes sense this company had a remarkable growth rate going into the pandemic and covid gave it a ton of extra juice chewy's active customer base grew from 13.5 million at the end of 2019 to 19.2 million at the end of 2020 to $20.7 million at the end of last year and sales exploited. we got vaccinated and american moved on from covid, there was some optimism chewy might retain the business because a huge chunk was renewed. last year more than 70%. i love that kind of business that is money. but in the end, the stock became extremely over valued peaking in early 2021 with a $49 billion market capitalization, which is

nuts for a company that did less than $9 billion in sales last year this is indeed a retailer getting a software service valuation by the way, begins to amazon, which is where we order a lot of dog food and the whole market turned against the pandemic plays for turning against all things growth a few months later plus chewy had its own issues. it struggled to turn a profit in the market that only cares about earnings and earnings before taxes and amortization not unusual, right you could get away with this spending last year but in 2022 we don't want to hear about it so what's changed? how did chewy stock bottom in may? why am i willing to recommend it they pivoted to profitability. you'll hear me talk about pivot to profitability at the beginning of june, chewy sent the stock up 24% in the session. the numbers weren't that great weaker than anticipated for customers declining margins but

also deliver profit. on top of that, you need to remember that the expectations were insanely low here when chewy reported at the end of august, they delivered a similar quarter with one key difference, their full year guidance implied that the margins would get worse over the next couple quarters and that's why the stock tumbled 8% wall street wants profitability and management that might be hard to come by that brings me to the most recent set of numbers last thursday. the ones that led to incredibly choppy action on friday. this time chewy delivered higher than expected active customers with higher than expected sales up 14.5% year over year and gross margins increased by 200 basis points which is why the earnings came in strong. we got another surprise profit, albeit a modest one. even better. chewy gave us a solid revenue forecast and raised the full year margin forecast rolling back a negative from the last time we rewoported at the end of august remember what i told you many times the first reaction is

the most stupid one and then the stock eventually turned around not only is chewyi heading in th right direction, the most important thing is the company demonstrated ability to pivot which we hate now to a profitable growth business over the course of three quarters giving a solid revenue growth coupled with big earnings beats is what wall street wants to see and so few companies have taken this pivot you can't call chewy cheap but if they put up better than expected numbers, the stock will like like more -- in hindsight a bargain and probably take out where it used to be. here is the bottom line. some of the rebounding e commerce stocks can keep running here, you know i like pinterest. 23 that stock is wrongly priced. it should be much higher you know i like etsy chewy should be one of them and made the profitability without taking a huge hit to the growth rate and that's why i think i should have included it and now

i can in the five comeback kids from the .com era. "mad money" is back after the break. >> announcer: coming up, set your mind on the future as the new year approaches. cramer share as few bright ideas for 2023, next

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every year we head into the home stretch i spend time focussing on the best stories of the last 12 months, the highlight of what worked and maybe see what could happen next year this year is pretty straightforward because as of at least today, one sector posted meaningful gains for 2022. that's energy. the price of oil is down listen to me when you look at the performance of all 11 sectors in the global industry classification standard, nothing comes close. the s&p energy select sector,

the etf is up 53% and second place you have utilities, you used to -- a nice gain to get up to 1% for the year the consumer staples, health cares, industrials are down single digits. terrific everything else is awful if you're looking back to the beginning of the year, energy is the best performing story of all. the moment things sure don't feel that great for energy investors, do they the xl up 10% from the high as month ago mirroring the recent decline in oil and energy is a ka nun drum. major sanctions on russian fossil fuels there were so many cheerleaders at 123 saying 150, 200 we never managed to exceed those highs and in fact, oil started rolling over this summer as wall street got worried about a slowdown and recession means sale oil the price of crude is back down

to the low 70s i don't know if it can hold. like i told members of the cnbc ichb vesting club at 10:20 a.m. oil could fall further, maybe 65 i don't know how much lower between china's economy coming back online, president biden trying to rebplenish the petroleum reserve, my sense is oil has a nice floor developing. the downside is limited. at the same time, natural gas prices held up much better europe is desperate for every molecule remember, you need to cool this stuff until it becomes a liquid if you want to transport it by sea very cumbersome. where does that put us let's look at the top performers of the 2023 top energy stocks up 49% on average wow. as for the best of the best, oxy up 121%, hess up 81 and exxon up

73%. we'll take them starting with oxy. warren buffet's favorite oil company. hard to remember but not too long ago things looked dicey they borrowed money in 2019 after a bidding war with a larger chevron to see the price of oil crater at the beginning of the pandemic. stock plunged from the 80s to $8 and change at the lows in october of 2020 but the same things that made oxy terrible in 2020 made a huge win they are year because the company is incredibly sensitive to oil prices what that means is as oil goes up, the stock goes up more than most would that sometimes oil goes up and stock may go up half as much as oil this flies when oil goes up and that's how the stock more than doubled this year as it pulled back from p77 to 64 today they have gone from fighting for their life to printing money while retiring master chunks of debt in the process and throughout this period, warren buffet kept increasing the

position there is constant speculation he might acquire the whole company. putting that aside, i like oxy has a major position in the perm yin basin in texas, one of the lowest cost structures and made a big investment in carbon capture technology if you think the price of crude can remain flat or rally a bit, oxy is worth owning. i'd much rather go with producers that pay big dividends and those are both the investing club and we've discussed them when we convene thursday next up, the second best energy stock is a surpriser hess. the highest cost region in the united states like the balk and shale. when oil prices are low, hess a dog. when oil prices make a come back, the earnings explode higher and that's why hess could raise the dividend for the first time since 2013 although it has a 1% yield at the same time the company has a bunch of international projects far from locations, malaysia, thailand, south

america and particularly keep making huge discoveries off the coast. put it together and hess is too complicated for me see, i'd rather own a straight forward domestic producer or global offshore play plus, just as hess wins big when the price of oil rises, they lose big when it goes down they're doing well but the stock is a lotless compelling if you think crude will be stuck bouncing between the mid 60s and mid 70s. i'm bullish but pointing it out. there is an incredible come back performer, exxon mobile. one of the two big american integrated oils. this is a great year for exxon putting up 50% plus revenue with the earnings per share doubling. those numbers should come down in 2023 because oil and gas prices have pulled back from the highs but at these levels, exxon sells for nine times next year's earnings and a 5% dividend yield. it should keep doing fine. remember, when forecasts are down for the next year, you're going to see stocks get their

multiple slash and that's what is happening here. just like chevron, the other big integrated oil, they have a nice balance of very strong business today with big plans for a lower carbon future. plus, the integrated model insulates them from pain of lower commodity prices let me give you a few more in fourth place there is one i just haven't talked about called marathon peelte a down stream operator, much better place to be in the market where thepric of oil has fallen. doesn't hurt the stock pulled back more than $15 from the highs the past few weeks compelling next eqt a natural gas play. i like it for 2023 because i expect it to be more durable than oil while crude is back to where it was late last year, natural gas is up 50% over that same time frame and the number one producer of natural gas in america. finally, don't forget the variable dividend energy stock not included in the list but i include them in my list.

we own devon and qakatar. they have come down with energy prices pretty steep, they will be worth buying again as oil gets close to a bottom remember, i'm betting around 65. still cotara has the most natural gas with the high quality oil and gas. anybody that knew that company knew that was the best national gas company of the country analysts keep downgrading this and we keep buying it for the trust. it's that great of a company the analysts are that bad. here is the bottom line. they can't keep downgrading. bottom line, while energy was the only winning sector this year, the stocks have come down substantially from the highs i don't see energy putting up another monster performance next year but i think if you do better than wall street is expecting as the chinese economy starts moving again and the u.s. government starts buying instead of selling oil to refill the depleted strategic petroleum

reserve. now, let's get to some calls let's go to evan in new york, evan >> caller: heevan, that's right good evening to you. >> good evening, how are you >> caller: i got a flash back for you real quick everybody always says they remember you from kudlow and cramer, let's get to cramer from the house of what's happening now? >> oh, yeah, mark haynes boy, he would love it when i would -- mark says would make that joke, he loves ya, he loves ya, jimmy. i miss pop and mark haynes we're all getting older. how can i help >> caller: you had a segment on awhile ago about stocks you really liked and i was surprised because portillos was not on it. now, you had the ceo on your show several times and he laid

out what i liked not to lose the portillos magic and experience that people expect but the last earnings para'tortillos beat eas but the stock has been getting crushed. i feel -- >> evan, that was my worry, see, they issued the stock. mcdonald's is great. chipotle is great. yum is great portillos i was disappointed they kept doing more and more stock. not up to them obviously but just broke my my heart i'm not going to recommend something to people where there is so much selling it just -- insider selling it not right. okay i'm putting it out there like the sandwiches not right now, i don't see energy putting up another monster performance sector because i think the

earnings won't be as good but i think you could do a lot better than what wall street is expecting. much more "mad money" ahead including -- oh, here is a good one. constellation energy second best performer of the year could the company have you seeing stars into 2023 i'm eyeing the potential then i'm trend spotting in the market telling you what it could pay to go against the grain and i think it's a real good idea that we just somewhat talked about and all your calls, rapid fire in tonight's edition of the lightning round so stay with lightning round so stay with cramer. ♪♪ for skin as alive as you are... don't settle for silver. harness the power of 7 moisturizers & 3 vitamins to smooth, heal, and moisturize your dry skin. gold bond. champion your skin. did you know your health has more to do with your zip code

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an otherwise difficult year for the market constellation energy, the electric utility about nuclear

power and fossil free energy, there is a company spun off by exxon before russia invaded ukraine sending energy prices soaring. i've been a big backer of nuclear power because it's the most straight forward way to get the energy so-called inflation reduction act and imported three solid quarters and the stock is up 70% from march and it's been awhile since we heard from management and the second best performing stock in the s&p this year let's check in with joe dimingez to get a better sense how business is doing and why there is so much federal money welcome back to "mad money." >> great to be back. >> joe, it seems like the federal government said this is the example what we're looking for. we're trying to get fossil free in a way to get the skies clean.

are you getting a feeling -- are people kicking the tires here and other companies saying how do you do it >> a lot of hard work. it's technology and people have come to the conclusion that you out lienlined if you deal with e climate crisis and have a reliable eletric system and clean energy resources that operate all the time and base load support for the system and folks figuredout we had that for awhile we have to make sure it's healthy and continues to operate and if it does, we'll be well on our way to defeating the climate crisis. >> i've been a backer of nuclear joe and i've been out there for years and get chernobyl and

fukushima and a series about chernobyl. for every bit of good news, there is always some narrative that makes it seem like it's really dangerous when we know it's actually not as dangerous as people think. >> organizes like the world health organization and others have done statistical analysis that demonstrate it's the safest form of energy production. we've had more people fall off a rooftop and die installing solar panels than ever lost their lives in 50 years of the civilian new cleauclear program u.s. like every power technology we need to operate and we do it better than anybody else on the planet. >> there is also just this incredible lack of knowledge.

>> if you think about the size of a super walmart that we probably all have been in, you can take all of the fuel since eisenhower gave the speech in 1956, the fuel that's ever been produced could be stored inside one of these super walmarts. now, toxicity of the fuel, intensity of the fuel is what we know we also have canisters that we created that will safely store that fuel for hundreds and hundreds of years and they don't need any power to operate and passive systems so we have a storage solution where every gram of waste exists and we know how to storage and battery technology where we don't yet have an understanding of how we're going to treat it and the nuclear industry is far, far

ahead of the pact in that regard like you said, we don't always get credit for that but we keep talking about it and jim, appreciate you talking about it. >> of course i like you talking about hyd hydrogen i'm a gigantic believer the way to treat long haul trucking is have that hydrogen fuel that's the most obvious use of hydrogen fuel, where are we with that in the near future. >> there was a fantastic piece of work done in australia, the news was released over the weekend where with a minor modification to existing diesel eng engines, they could burn diesel in combination with hydrogen and reduce by 85%. where do you get clean hydrogen? we think we can make it at our plants we have a grant where we demonstrated our ability to take nuclear energy and produce hydrogen with electroizers and

take that hydrogen and sell it as for example for long haul trucking and replace the hydrogen in the steel industry, for ammonia and fertilizer and fuels like aviation fuels. as much as i'm a big believer in e.v. technology and battery technology, i think it is certainly the way of the future for light duty vehicles. we're not going to get there for big trains, big long haul trucking and certainly not airplanes because of the weight of the batteries so hydrogen is a way for us to create a fuel that burns in evngine whether airplane engine and trucks and we meet the customer where they are with existing technology and relatively low cost to adopt. >> well, the last thing i would ask is i am very concerned that people keep telling me we're

going to have new nuke plants and people say they got them in canada i've not seen any definitive plans to build a nuclear power plant in this country to make me feel confident it will happen within the next ten years. am i too pessimistic >> i don't think you're too pessimistic in terms of thetim frame. ten years is the right way to look at it there is a lot of developing technologies i think before people start building them in bulk, we're a decade away but you're probably too pessimistic on the technology i'm telling you, i've seen it. it's repeatable. these small reactors are like the reactors essentially that we've been building for the military rate. we could go to coal sites in the past and put it there and the power density is the same thing to produce a lot of energy with

a small footprint of land. and as much as -- jim, renewable's are great and we'll build the lion share that will be renewable's but we need power that operates when you want it we're in the -- we're in the anyway, any time, anything business anywhere you want to power something, anything you want to pow power, any time you want to power, that's what the grid is supposed to do and to do that best, we have to have the resources that operate when we tell them to operate not necessarily when -- >> that's why i think your stock has more room to run and one of the absolute favorites thank joe, constellation energy ceo. >> congrats. you were on us in march before anyone else was. you certainly don't need us to prove that you're smart but we're glad -- >> thank you. >> have a great holiday. >> thank you brian sullivan had a very good

piece today if you want to find more about the fusion hideydrog situation. >> announcer: coming up, cramer wants to hear from you your calls on the thunderous lightning round, next. from one company committed to building a world that works, to three that will focus on a future that does too. this is ge healthcare, creating a world where healthcare has no limits. this is ge vernova, helping generate and move the energy that our world needs. this is ge aerospace, advancing flight for future generations. this is the next generation of ge.

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it is time, it is time for the lightning round. buy, buy, buy, play the sound and then the lightening round is over are you ready ski daddy? time for the lielghtening round

i'll start with jessica in virginia. >> caller: hi, jim, i'm a first-time caller and i appreciate you taking my call. >> thank you for calling >> caller: you're welcome. in light of the problem with the country, what are your thoughts on a company using a non-surgical approach to treatment, ticker symbol is nvo. >> it's red hot. i got to tell ya, look, other than appreciation, i can't tell you a reason to ring the register up so much but got the right products you're on to something let's go to mike in maine, mike? >> caller: how are you doing >> doing well. how about you? >> caller: doing great we met some time ago and our daughters were graduating tulane university and i got a question for you. >> sure. >> caller: i've been pondering the stock, i got a new ceo they're big into health care had declining quarters and, you

know, supply chain issues and just wondering what you think about them for investment for the future and the company is phillips, phg. >> you know, mike, i did love when our daughters got into tulane so much fun that graduation. here is the problem. that is just not a well enough run company. we own for the charitable trust and that's the best run company in the industry, dhr that's the one i'll recommend. thank you for the call todd in new jersey, todd >> caller: hey, jim, boo-yah, how are you doing. >> doing well. how about you? >> caller: good, happy holidays. >> same. >> caller: i'm thinking about adding a position on icon enterprises. i was wondering your thoughts. >> i don't really know what they own so it's like a black box i'm afraid i'll say i own something and don't well enough so i'm being rigorous. i can't recommend icon

enterprises. i'm sorry. how about steve in new jersey, steve? >> caller: yes, jim, thank you for taking my call. >> of course >> caller: yes, i was calling about a stock that you recommended back in 2020 and i made some nice gains on and i sold some of it back in september of '21 it's down 10%. i want to find out your thoughts on -- >> well, i haven't talked about lap corp because that was a covid play they were doing terrific during the covid period and otherwise, that's really been it for me and i have no desire to recommend it and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by td ameritrade coming up, bend the trend? why you may need to go against the grain to get those gains next

you're puss in boots? no habla english. habla espanol? i don't speak spanish either. who is this guy? i'm puss's therapy dog. wanna rub my belly. no, hard pass. puss in boots. rated pg.

twin followers, take oil and gas using so many analysts now turned bearish on energy we have to wonder what were they thinking with the chinese economy opening up and intimate lockdowns and no meaningful production growth in oil and gas and it doesn't seem to occur to the analysts that oil is in much better shape here than it was when they liked it at $123 they would go to 150 back then we thought crude was unstoppable because of the sanctions on russia production china was the wild card. now that the wild card is finally on the side of the bulls, give me a break while i could see crude sinking maybe a couple dollars, maybe mid 60s if this blizzard is on the smaller side, the lack of new supply means oil should be able to hold its own plus every time the price tdips below $70

biden plans to replenish the pa patrol -- petroleum lower. it's time, he doesn't need to do this anymore now, look, we had a nice reprieve from the energy slowings today why can't oil find stronger footing here i got to tell you why. it going to shock you. the chart of west texas crude is ugly and therefore if the chart is bad, oil must be sold. something that happens because oil tends to be dominated by the technicals, not the fund mentals. i don't buy that analysis for a moment cotera got hit the tide is going the right way and the analysts who liked it much higher will be wrong. let me give you another example. the mega cap tech stock you never hear anything positive when someone says something constructive like wells fargo did today, which said amazon could be at an inflection point if it gets the cost down

it's completely ignored. why? well, because everybody hates mega tech. they hate mega cap tech so therefore they hate it amazon and alphabet are hanging by a thread. they can't imagine anything good coming but what happens if amazon or alphabet announces big layoffs tomorrow that said i recognize when money comes out of a group, there is no sparing it. i told investing club members, these mega cap tech stocks have become kcome sources of funds f money managers i bet they will ultimately be wrong but can do more damage before done. you need to be patient with these recommendations. how about the hatred for retail? the stocks of lowes and home depot and doing well, costco disappointed somehow to someone and nothing surprising but the owners are feeling like rats

from a sinking ship. people decided that target lost its edge even sayinging ulta bet got downgraded and didn't come near lu when they reported last week walmart had good numbers down seven points in two weeks and don't get me started on wil williams-sonoma or restoration hardware they're totally despised they are absolutely heinous. only love being shown for the smaller cap names is a t tappestry, the gap i think you should begin to take the other side of every one of these trend following analysts why? because these groups are too beaten down like the stock market today that bounced so quickly. once they got any good news. and once you do get any good news for instance maybe oracle tonight when they did that great quarter. you'll see a switch in directions so rapidly you'll be kicking yourself for missing it. these analysts don't want to take the risk of going against

the grain. i sympathize nobody ever gets in trouble for being wrong in the same way as everybody else but nobody ever won big that way, either if you're trying to make money in this market, sometimes you need to buck the trend 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 sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ neur with an easier and more appealing way to drink healthy beverages. hello, sharks. my name is carter kostler. i'm from virginia beach, virginia, and my company is the define bottle. today, i'm seeking $100,000 in exchange for 20% equity in my company.