[ inaudible ]. who came over with nielson who was the better player. great to have you. have a safe trip to miami tomorrow casino's work. las vegas sands. >> two words high and lie i'll see you there thanks for watching "fast money. my mission is simple, to make you money i'm here to level the playing fieldinvestors 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 cramerica other people want to make friends, i want to make you money. my job is not just to entertain but educate and teach call me or tweet me @jimcramer. out with the old in with the old.

we have a tendency in the business to make decisions by calendar, especially the changing of the guard in the new year ladies and gentlemen, it doesn't work it doesn't work for one very simple reason other than the change in the calendar, nothing changed in the economy it's still slowing things change with the fed it's still focused on raising rates to bring down wages. nothing changed with the earnings what is bad stays bad and in some cases, the bad was worse. we got a stupid sucker rally this morning, i mean, unbelievable based on europe that fell apart by the time we did our daily 10:20 broadcast and the dow shedding 11 points as we slip and nasdaq losing 7.6% believe me, it was worse earlier in the day so bad is it going to be another 2022 look, i've been off for a week and a half thank you. let me remind you what was

working and what wasn't going to work in the holidays because again, despite what you may hear about how the new year brings big changes, it just doesn't first, because we're going into a slowdown, the recession proves stocks tried to stay higher, health care, consumer packaged goods were working and we bought a health insurer for the cartable trust i feel good about it the group got hit with downgrades, i don't think they'll make money on the sales at all the non-zero covid stocks work their way higher because now that they're reopening, millions caught the virus but there is no going back at this point, china is headed for the herd immunity although they're getting it the wrong way by letting everybody get sick rather than right away by giving them the best vaccines, herd immunity not great for the elderly. wall street cares that wall street is back in business and

the worst performing stocks were china related and the worst we formers were oils. crude can't find footing if it's above 70, i think this should good yields should come out ahead. there is less supply from russia and more demand from a reopened china. we just told club members the course but it won't be easy if crowd goes to the high 60s down roughly $7 from here why look out for the oils? these are companies with cheap stocks that throw out a tremendous amount of cash flow and will matter to the market. sometimes you have to go against the proverbial grain betting it can change hey, by the way, later in the show i'll make a compelling case for buying the stocks of crude here meanwhile, the semi conductor stocks continue the race to the bottom they are awful i mean, it's incredible, isn't

it in all of them opened up huge the perfect pickoff and that led to real bad trading and ultimately kickouts as this group can't be trusted we had a semi conductor glut last year and i don't see that ending any time soon it's not necessary it's not necessarily getting worse. it's not but you're jumping the gun if you think it's getting better. let's address the elephant in the room and spend time on the mega cap tech stocks they were down last year and going down again today before a late day rally allowed some to finish higher, out with the old, in with some of the old? for the longest time, we valued these stocks like their high growth rates could continue forever. money managers will pay a massive premium for the stocks with endless growth. last year we found out that's not the case they got too big too cyclical, subject to the same booms and busts as every other company now the stocks are crashing back of course the fed bet on

crushing high inflationary growth we've been telling club members if you don't already own apple, you must wait until you see the whites of apple's eyes, which in this case could be a brutal preannouncement interpreted as an apple glut too much pocket. so i believe apple issues are related to supply, not demand. a tough time to own stock but apple is a high quality company. listen maybe you can sell it they're really troubling tesla just reported a short fall in the fourth quarter. it doesn't help that elon musk has been forced to sell so many of his shares in order to buy twitter. this is the worst possible time for him to be distracted because it's the year the major auto makers can saell high quality

electric vehicles. tesla never had competition. amazon and apple have a chance of going higher but might not be easy amazon's fate is in its own hands. forget what we've been doing let's do this. we're going for profitability first and growth second. that's the opposite of their whole ethos the ceo may have to fire up to 200,000 people and let's shut down, hey, i don't know, ten annoying ventures to get the stock moving again. brutal but that's what the market demands apple is interesting because it sells 17 times earnings because it turns out to be an advertising company. the good news is that alphabet has an excuse to shutter costly side businesses and lay off many people that want to accomplish that much including those trying to teach they hired this year. just last year the only kind of advertising that goes up in price is the nfl. they now have it on youtube.

if it turns out you're running an ad company, hey, why not have the best must watch programming to advertise against as opposed to what they had we thought new media was different. all alphabet has to do is run itself like an old media company to get the stock going again i'm not kidding like the old cbs. microsoft is such a quandary can you imagine hiding in a stock that sells at 25 times earnings but ceo knows how to deliver you know what? he's the anti elon musk in every single way finally, there is the debacle that is meta platforms i'll do this because everybody wants me to do it. here is the stock that trades at the same price multiple as a solid company. when the shares are that cheap, you have a lot of leeway to do things and see the stock go up that's soon to be known as reels, the tiktok knock off as china sentiment may spell the

end in the united states i can't tell you how important this will be mark zuckerberg is trying to commercialize something that can't become m commercialized. nobody wants to stick a head set on and look like an avatar somebody help me will i walk into a wall? that's what the metaverse means now. it's not the ultimate shopping wall it's the ultimate hit a wall where the mall would be good you could try on clothes and go to the aisle and do banking. amazon on steroids maybe one day it will be but for now zuckerberg needs to put someone in charge and get the free cash flow growth. it's been negative and finally an aggressive effort to take massive share for tiktok amazing. he's not behind the attack on tiktok remember the old facebook shuttle and getting money to people and stuff we realize that tiktok was the latest venture no, no, now another mr. clean.

the stock can make a comeback but it's way too soon. we have a lot to talk about as the week unfolds we're going over the winners and losers of 2022 that could be the best performers but,the bottom line, if you have one take away, one take away from turning the page on the calendar, it's the meaningless of the stock market. calendar always will be december turns out, i learned this in second grade is close to january, february is not between december -- well, you know the order. the fundamentals are what matters and sadly, we have not turned the page on the economy, just the calendar. hey, do you mind if we go to jeff in florida, please, jeff? >> caller: happy new year, jim. >> happy new year, jeff. >> caller: hey, i'm a club member and a long-time fan of you and the show i'm also a berkshire math away holder is this a good time to add a

position >> yes, yes, buy more burke shir burke shire math away. i know so many people are worried what will happen after -- i don't have to talk about it all i can tell you is it's a very very inexpensive stock it's been a winner in the last three months we are turning the page and the calendar but you have to remember it's meaningless, the stock market and don't let people tell you otherwise. january bodes well for this. no the fundamentals are what matter turn the page on "mad money" tonight the mighty dow had big winners. i'm thinking of the five names to keep cruising higher and this market remains hostage to the fed's fight against inflation and commodity. they're a huge part of it. i have to go off the charts of a hand full of key commodities to see where he stand as the

hickups. can you believe it's the new year can the worst performing dow stocks of 2022 present opportunity this year? i'm giving you five more big ideas for the next year 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 madmoney@cnbc.com or give us a call at 1-800-743-cnbc m miss something head to madmoney@cnbc.com. back when i had a working circulatory system, you had to give your right arm to find great talent.

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year tonight, we're doing the same thing for 2022 but with a twist because there are so many duplicates between the major averages we've had to go deeper this year over the next few days, we're trying to figure out what will be the best and worst performers for the dow, the s&p 500 and the nasdaq 100 but looking at the best and worst stocks for each index in terms of last year's action let's get into it. let's start with my favorites to repeat as winners from the last year's top 15 best performers in the dow jones. here is the top 15 we joke about the mighty dow which is my research champion ben's turn where it turned out to be the best of the best in 2022 because the dow is stronger than the others. these companies make things or do stuff out of profit while returning capital to shareholders with reasonably priced stocks, what worked once the fed declared war on inflation in november 2021 i had a hard time picking from these 15 winners because there are so many good stocks in the

dow. chalked full of potential winners where we expect the federal reserve will engineer a slowdown but not a recession, at least by the traditional definition of recession. two straight quarters. i want to start by saying that i'm doing these picks in no particular order but they'll do the best this year each year there tends on a cluster of winners there is a cluster of dow winners from 2023 as chosen from the top winners of 2022. chevron was clubbed like a baby seal today on oil weakness i say that's good not because i like seal killers, i don't chevron stock got cheaper as it goes down. i'm a big believer in the oil stock for 2023 but not as great as last year going forward you have to be selective with the oil because when the fed slams the brakes of the economy, that puts downward pressure on energy prices, as i said at the top it's okay to go

against the grain if china reopens and russia may be forced to be more rational at some point next year. chevron stewartship. a good ceo in an industry with not a lot of good ceos they will do well if oil does well and will do badly if oil does badly later on you'll hear an expert analysis that says we're near the bottom of the oil range. makes me want to buy more of these stocks from the charitable trust. we do not currently own chevron. we made a lot of money anxious to get back in but we own a lot of others. chevron recognized commodity is one part of the equation and has a policy with 3.3% yield that's not enough to compete with short term interest rates now but you're not going to find that the oil industry you want to go deep, get big yield and go to variable names with the cnbc

investing club but none of these stocks are components. chevron has something on top of the dividend mike came on our show and say he can buy back a quarter of a share count and he might do that and knows the oils can't be oils anymore. he's committed $10 billion to fossil fuel alternatives, so high chevron got hit with a downgrade on a major firm on that news. it's just not the same industry anymore. i like the new trajectory of oil and i especially like chevron. next up, we know aerospace is tremendous sec ular growth for 2023 and a worldwide plane shortage we've seen a lot of deferrals but the airlines can't do that forever. and still remain competitive so if we got an aerospace bull market, you might think it makes boeing the obvious pick. after all, there are only two companies in the world with a large commercial aircraft scale and boeing is one of them. one real competitor. they should have it made

unfortunately, boeing is a poorly run company and i'm too snake bit with it. i can go higher but will do without me i want to recommend the stock and every time i'm bush whacked as they find a way to drop the ball and that's why i prefer the stock of honeywell here is a dominant aerospace company that owns the cockpit for boeing and air space but it's got a tremendous climate control business with indust yell software. i like honeywell because the ceo if he wants to, he can spip off the divisions and that's honeywell's way that are doing okay to make the company more focused. it can work for honeywell. third, last year, we bought proctor and gamble for the charitable trust because i see the worst becoming great tail tailwinds, proctor is sensitive to the dollar and the dollar is peaking and the most sensitive

to plastic prices. think about what you buy from proctor. it's all in plastic, right i think those peaked you want to own the consumer packaged goods group proctor is the best of the best. the dow has great slowdown stocks including coca-cola but i'm going with png nice yield fourth, this is the golden age for industry you don't care about at all the insurance industry right now, they can take your premiums and make a fortune by investing into treasuries risk free at high rates and at the same time raising the premium, that's a formula to win stock. which brings me to travelers this is great to own in the you are -- current environment one of my favorites with chubb, in 2023 we're celebrating boring boring is good finally, picking from last year's best performers, i think johnson & johnson, i said this

on "squawk on the street" this morning may be the best dow stock of 2023 as it spins off the consumer products unit which will be known as kenvue leaving it with the best fastest growing pharma business outside of eli lilly with that blockbuster treatment. change that's given you medical device equipment that's been stalled because hospitals have been worried about covid that's -- it's deferred a lot of business but you can only defer these procedures for so long one of the best makers of heart devices. for $17 billion and i see a smart accusation because he's got a huge business that's let's just say unassailable. how about the consumer businesses being spun out. what can i say listerine, band-aid, tylenol

they buy too much of management's time hence the need for the spinoff but once it's an independent company, it will be poised to take on the industry by acquiring competitors we have this ftc commission, the ftc is really tough on deals probably blocked most things they don't see more consolation. doesn't matter i think this group has been starved. we'll have money and focus and therefore for space because they will do a better job and j&j is great capital and part of my charitable trust and we're sticking with it unless something totally nuts happens it bet it sees 200 here is the bottom line, look at the best performers in the dow, i bet chevron, honeywell, proctor and gamble, travelers and j&j can all repeat their excellent performances in 2023

"mad money" is back after the break. >> announcer: coming up, boom, bust and around the horn again last year commodities couldn't seem to make up their mind but a new year is underway, next meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪

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as we kick off the new year, we have to talk commodities. this year remains hostage to the prices and that's a huge part of what i think is important for whether the fed will be done or not. i'll remind you of something important. at the end of the day, commodity is the end of the boom and bust. not like wage inflation. we have a harsh lesson last year the price of oil or natural gas or wheat gets too high, companies boost production, which pushes pricing back down, that's ecom 101 and when the price gets too cheap, they cut

production and prices and at some point, last spring, though, we convince ourselves that commodity prices could keep roaring endlessly higher, not only stocks in november of 2021 until the prices collapse the second of the year looking forward, you need to understand the boom and bust cycle is a big part of what we talk about this year and that's why tonight we're going off the charts with the help of carly garner, a brilliant technician who is the co-founder of the carly trading. she's the author of "hirer problability commodity trading"a book i read and commodity expert and she predicted the peak of oil over the summer when virtually every other commentator including two i heard today on air that didn't admit it said it was going 150 how did she make that call simple, she never forgot the basis. that holds for so many of the commodities that soared in price last year when russia invaded ukraine. we need natural gas, too momentum oriented money managers pulled capital to get their

heads handed to them when the markets normalized so let's look at this. let's -- why don't we start with oil. i want you to check out this is west texas intermediate crude. think periman. according to the commitment of traders report, this is what we're kind of extrapolating here, there are currently net long 230,000 futures contrast, which is pretty low. therefore it's also the least bullish they've been since 2016. in other words, while the price of oil has come down hard over the past few months, garner points out that's because of a huge liquidation event the money managers got crushed and ended up being forced to sale because they brought the oil futures with borrowed money. they always use leverage threat last year garner was adamant they would get to recruit to places like china and

india and that's what happened for 2023 gardener expects oil to bounce -- write this down. this is a lot of my stuff is based on this. she expects oil to bounce between 65 to 70 a barrel on the low end through the mid-90s or maybe the low 100s on the high end and in the end she expects this channel to be resilient, all right? and that is why she recommends buying the dips like we had today. again, if not for the covid crash in 2020 and russia's invasion of ukraine, garner thinks oil would have worked its way higher in the long term trend. in other words, we would be where we are today with crude at 77, we're near the low end of the trading range which makes you feel more. remember what i said at the top of the show, i like the stocks when i go lower and maybe it's bottomed and garner says any retest of the low would be a buying opportunity, which is why i started and am saying today that i really felt that you could buy chevron. and other oils in bulletins that i sent out to club members and

by the way, 2:00 podcast we do called home stretch. next up, take a gander at the weekly chart of wheat which we don't talk about enough because it has to do with food the price of wheat skyrocketed and 13% and that wasn't just because a ton of pharma but driven by speculators with meat and etf. there is so much buying the futures market couldn't hold it. they exchanged circuit breakers fired for weeks. that's right they actually couldn't handle the etf which so much money pours into versus the actual future eventually the wheat market went back to normal long term up trend between $8 and $10, you can see this year, okay look at this without the war, prices came back down, remember, every commodity is hostage to the boom and bust cycle the speculators that went long

wheat in the spring, guess what? they got wiped out which has -- which pushed the price below $8 garner thinks that's understandable, too. if we can break above $8, she could see it headed to the high end of the range at $10 this year okay go back up she just like oil, she's betting 2023 will be a buy the dips year we don't trade much off of wheat. i look at it for food stuff but for those who trade commodities, it says great viability, the thing i would say is that the fed chief does care about food stuff and food inflation so it's why i bother to put this in okay now, how about natural gas futures? i'm a big part of our country is heated by natural gas. look at weekly chart of the futures. there is a common assumption that gas prices will go up during the winter as people spend more money heating their homes. that's only if we have a cold

winter that's why garner says the path of least resistance is lower through december sure enough, in december of 2021 nat gas got clobbered so we can see it going way down. all right? then it soared when russia invaded ukraine for ultimately returning to a previous trading range in the fourth quarter. this was totally unexpected this decline. then a major liquified natural gas terminal in our country shut down making it harder for american producers to ship this stuff to europe with super high demand and prices got hammered too much glut in this country. in the next few weeks, the plants should reopen to give g natural gas a nice boost which is why i like the stock of cotera it's near 460. look at this this is deflation. even breaking below the 200-week moving average near 375 earlier

today, talk about deflation. look at that remember the fed is targeting wage inflation and deflation can't rule out a violent retest of the late 2021 lows near 350 the sharp reversal at some point in the not too distant future. the specklator has two positive in the middle of last year get obliterated, they get positive at the top and got crushed. the same speculators have gotten too negative and she's betting they will get in the oven. best she wants the freeport lng facility is back online and that proves a ton of natural gas to be sensitive to europe of course, garner says the previous act of resistance on the way back up and that's 460, $6 and $7. but ultimately, she sees natural gas making its way back to the 6

dol to $7 range. there isn't enough pipeline capacity to take it where it should go if the market is tied up as it is. in short, last spring oil and natural gas and wheat skyrocketed in the invasion of ukraine and went to insane levels and traders misread the situation and towards the end of the year, the markets normalized and prices plummeted with move fueled by money managers chased by momentum. garner expects them to mount a comeback here is the bottom line, the charts interpreted by carly garner say the boom and bust cycle never stop and right now that's good news for oil, which we are buying for the charitable trust, natural gas and wheat prices let's take some phone calls. let's go to paul in texas, paul? >> caller: happy new year. boo-yah. >> back to you. >> caller: nrg energy, ticker

nrg. >> sure. >> caller: great free cash flow but they purchased a smart home this summer for 5.2 billion. that was half. since then insider buys but no bids on the market, a lot of accumulation are you concerned with the additional debt balance sheet? >> i actually kind of like this stock. i tell ya, i kind of like this stock. i'm by the way prone to the utilities here because there is a slowdown i think you might have a winner here with nrg. i've written this all the way up and down and all the way back and i like this level. i like the yield i think it looks okay to me. right now last week it was pretty darn good the charts as interpreted by carly garner tells the boom and bust cycle in commodities never stops. remember when it gets this high, more comes out and this low, the speculators are blown out. there is much more ahead

okay i'm taking a look at the weakest dow stocks of 2022 sharing ideas and a new motto for the first half of the year it's the lightning round so stay with chill cramer.

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here is the worst, and i'm going for best of the worst. that's my name for my five favorite stocks for the dow jones industrial i hated the dogs of the dow which is the philosophy of buying the worst performers of the dow betting it will produce superior performance going forward the next couple days

pure auto pilot analysis and i prefer to add brains to the operation. so what are the best of the worst in the dow i'll say this. it's a lot more complicated than picking the best of the best let's start with disney. here is a franchise that has so much going for it you would think the stock would be 40 points higher. it did have a great start rallying $2 but been hurt by the weakness in advertising with cord cutting in cable. theme park closures from covid charitable balance sheet from the foolish fox acquisition that paid too much. disney had bad leadership. initially i was a believer in the ousted ceo that did a great job running theme parks and figured he could extend that but in the end a dismal failure. they alienated everyone and didn't address the balance sheet issue. the last conference call could have been a ride at disneyland he had to go although, i'm not thrilled with the press reports that suggest i played any role here at all.

no more than a sports calling for the head of a football coach to be blamed when the coach is fired. jpex has been replaced by his predecessor bob tiieg iger in a way, that's the problem i have no idea what his plan could be maybe that's why all disney is trading in the 80s and not 120s because nobody has any idea where it's headed. we only know there is a much better driver at the wheel and that is why we've stuck with it for my charitable trust and we write about it constantly and i talked about it today and i continue to talk about it. i'll do so tomorrow probably in our 10:20 show second best of the worst, i was surprised to see american express at the bottom half of the index. that's a testament to the dow. the ceo is ready for an expansion and slow economy most investors are terrified the slowdown will lead to many dit

drives me crazy people don't realize millennials love the chard. american express is right as the rest of the financial tech space, fintech is sun setting. i say good riddance. so maybe companies try to topple this and it hasn't happened. while i also like the visa and master card, their stocks are more expensive, actually twice as expensive they have faster growth and no credit risk but remember, we want companies that make things and do stuff with stocks that trade at reasonable prices and 14 times earnings. american express is more than reasonable i think this is a tremendous bounce back stock although also just had a great deal to help small businesses i'm no longer in the restaurant business by the way because the federal government won't let you own both a restaurant and a liquor company and my wife lisa owns a thing

that i can tell you amx is your best friend if you're running a bar. i wish they roll up the point of sale outfits because i trust these guys more than the fintech bums but no hurry. the stocks will get cheaper. steve, do it you got to make it so it's one stop i got to tell ya, it's the way to make it so american express owns the whole third best of the worst, cisco listen, this is a real quandary for me they sell for 13 timings ea earnings and 3% yield and gets more from the software the growth is accelerating i don't understand what it's doing here cisco is winning business from the data center to the enterprise but nobody seems to care it needs more revenue maybe needs an acquisition for growth and better off lowing slower legacy businesses or acquisitions that didn't work out. i don't know i got to get more in depth on

this one this year but i don't want to give up on a terrific tech value stock in a market that's full of over valued companies if the stocks suffered gigantic declines. watch oracle at this point, we're not betting where the ceo can turn things around that's happened. you're betting that 2023 was the year when wall street recognizes the accomplishments. this is controversial how much of a line. last time i told members of the cnbc investing club i truly regret round tripping salesforce and wish we sold higher levels but any money manager would own up to that mistake and here i am on national tv i got this very wrong for most of last year and nearly 14 years ago the stock traded $8 and got

behind it. the software helps companies boost salesand the numbers hav been excellent so salesforce has come back to earth and ready to bo bounce the stocks will be there i managed an exception and i was wrong. i got to admit when you're wrong. in 2023 we are making a resolution for everyone else on tv please admit you're wrong occasionally maybe even you're wrong about your tie or something. why turn positive on salesforce for 2023 the dollar peaked and that's huge second, there are other companies ripping at the heels, that's all they've done. nip. now those competitors are no longer well funded while the stocks are devastated. causing a talent because so many people in tech are pained. they will pressure much more than they did in 2022 and cost

cuts he's been reluctant to make even though it's inevitable and has to happen. starboard gives him someone else to blame for the layoffs and now it was a gut punch, the co-ceo of mark and maybe that's obvious in the side gig. selling the thing e lelon sold billion. you can't keep playing second fiddle in the main job he needed his own horse to ride i say i like taylor. i can't blame him one bit. without taylor there is plenty to like this is gigantic cash flow the stock should be able to bounce back as it becomes obvious that it's one of the sole survivors on the star force service base there won't be money they don't deserve to be in the bottom half of the dow

full boar demonstrated an ability to be top of divisions that aren't making enough money. what is amazing to me is how well gold man is doing without mnr or ipo i don't think any will come stronger but it hard for them to be worse than they were in 2022. let's call it easy comparison. the bottom line, american ex presence, cisco, salesforce and goldman sachs, much of the dow i'm betting will be adopted by investors you can see through the headwinds to the positives of them all. "mad money" is back after the break. >> announcer: coming up, what's on your mindend cramerica give us a call storming the nyse, next. (woman 1) so i just switched to verizon business unlimited.

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it is time, it is time for the lightning round. playing the sound and then the lighting round is over are you ready ski daddy. time for dean in california, dean >> caller: hi, jim my name is dean. i'm calling from southern california and interested in capital one financial. what do you thinkabout that? >> capital one, people want to be able to sell the banks that have credit problems that's one of the more likely. it will get through this but it's a tough stock to own going into a slowdown. scott in virginia, scott >> caller: yes, sir. how are you tonight? >> i am doing well thank you for asking happy new year to you. what's happening >> hey, i really would like to

find out about rivian. >> sold one on summit avenue i looked at it and said. >> sell, sell, sell. >> steve in new york, steve? >> caller: jim, how are you? >> doing well. how about you? >> caller: doing great listen, i made a ton of money on hertz. still sitting on 4,000 shares. should i hold on to it -- >> you bet you should. you've got going, steve. he's the best. i want to buy that stock for my charitable trust i've been thinking about that. insuring it. as he is pretty good can i go to leslie in california, please, leslie >> caller: hey, jim, thanks for taking my call my wife and i diane are big fans appreciate the call. >> love that. >> caller: she gave me $1,000 to spend at christmas and looking for a little advice. i know you talked about this

stock sll standa er lithium. >> that will turn $1,000 into $300 take a pass. that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade coming up, the new year is young but it's not too soon to shed these risky assets cramer reveals them, next. 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.

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it's not too late to sell losers i fear it will be too late if you wait until the second half first on the list of it's not too late to sell is crypto hardly a day goes by we don't get more headlines from crypto world. we know sam bankman-fried but there is constants all over the place in this industry i know this sounds like inside baseball but it's among major players are signs of a financial world that's falling apart don't take it from me.

listen to this post from john stark a consultant that's used to running the office of internet enforcement who i've known for decades. hef he says the crypto is end fighting and back stabbing, that's what happens in ponzi schemes. ponzi schemes. oh, man. at this point our eyes glaze over when we hear noisy twitter ring fights in crypto world but there are hundreds of billions of dollars still tied up in this stuff including money that you may have and that money will be vanishing before your eyes my view is real simple you can't afford to be a security that isn't a security, one i argue you can't store safely, not anywhere as stark says and i quote, it's all one big hustle again, it's not too late to sell anything in crypto world, anything other than crypto, spacs are a

joke any can be redeemed with dealership but the vast majority of the spacs never should have existed. if i asked you to give me a buying check, you'd laugh at me. when people give spac guys blank checks with no guardian like crypto yet they keep issuing them for heaven sake i don't want you trafficking in a spac, all right? you're a true chatter head if you do, if you saw me on the street and said listen, i bought a spac i'd have to say third, any software company that trades based on price ratio has to be sold now these are not as bad as baseless claims than 20 years ago, they have more to fall. this market has zero appetite for these securities and hundreds of them it's hard enough to own the stocks of high quality profitability enterprise software who needs unprofitable ones, holy cow it's not too late to sell el electric vehicle companies

these are derivatives of tesla, finding the next tesla cost people billions and billions of dollars. as for tesla itself it may be the only legitimate pure play but that's plummeting because it's come back to earth. tesla has come down a lot but never should have been so high in the first place things are only getting tougher now that the auto makers figured out electric vehicles. this year ford and general motors will offer real competition to tesla we'll see a flood of offerings by the fourth quarter. competition is deadly when the business model comes to unrivalled amazon used to be the only web services company than microsoft, azure, gloogle and snow flake bd for profitability. the same thing is happening with electrical vehicle space it's not too late to sell. many of you assume in the damage, look, you assume when you look at these the damage is done, right? it's got to be over. but that's how a lot of people

felt about the .com in the beginning of 2001. there was more downside. that's what i'm expecting from the four groups in 2023. i lived through it don't repeat the mistakes of the .com collapse. there is always a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer and i'll see you tomorrow peter jones joins the tank. peter is the most seasoned investor on "dragons' den," the u.k. version of "shark tank," with 18 seasons under his belt. [ british accent ] i can help you scale this business from a global perspective. that's what i bring to the party. the british are coming! [ laughter ] ocean plastics are one of the biggest environmental challenges of our generation. [ british accent ] we have got the meals for busy people who care about what they put in their bodies. parm: it's a perfect tool when you're multitasking or when you have a coworker like mr. wonderful who keeps on ranting. [ laughs ] this is a lifelong dream realized, to be able to put my passion for music into my career. jones: i could be your perfect partner, and that's why i'm gonna make you an offer. i know how to make this thing huge. i'm afraid you guys might hold me back. who's ready to take the bait?