days out, and xop, buy puts on the shortside. >> gentleman, it's been great being with you that does it for "options action." we'll be here next friday. do not, i repeat, do not g 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 trying to make you a little money so-c call me at 1800-743-cnbc or

tw tweet me @jimcramr the dow surged 701 points and the s&p shot up 2.8% and the nasdaq pulled 2.56% we expected the economy would run hot and employment would escalate and wage inflation would skyrocket out of control and booming facts. ism services data showed the cost of service remains too high it was all just -- instead, we got something very different despite the headlines of a strong labor report we got a bullish inflection with wage inflag coming lower than expected and orders down right weak and what spurred the rally,

something i didn't know was sold a soul would expect. put them together and this is a huge win for jay powell. the fed chief and by the way, he is much maligned but looks like he may be landing the economic plane without the need to phone the darn runway. these numbers were so weak i felt dividend stocks might not have a tough bond market as good as the macros were for the market, they will become a side show when we actually start getting earnings reports and that happens at the end of next week but let's not get ahead of ourselves with the game plan on monday morning the jp morgan health care conference gets rolling and we'll hear multiple good stories from these companies, especially johnson & johnson on monday and eli lilly tuesday. both of which we own for the

charitable trust we'll be talking about them in the home stretch 2:30 p.m. program if you want to know what they've been saying. you know these are two of my favorite companies and you should own them. we also hear from one of my favorite smaller fi er financiaa company called jed jefferies the large banks reporting at the end of the week they got hit with downgrades, jeffries say all systems go, buy the big financials ahead of their earnings now, tuesday, brings us albertsons and this is a case of both inflation, how much have prices really gone up at the supermarket and what's the word on their attempted merger with kroger over the weekend, i wrote an essay called market power and inequality it was in the harvard law review this is one of the most anti

merger thinking i've read. i spent a lot of times studying this stuff at harvard law. the most emphatic moment is when he talks about and i quote spectacular failures of anti trust with the poster boy being the previous merger of albertsons and safe way. a predecessor to the current kroger deal. back then albertsons sold over lapping locations to a smaller competitor that quickly went bankrupt then they brought back dozens of stores i think way too much of a hard liner but she's right to be angry. i know someone at kroger must have read this before they went ahead with the deal. they can fight the ftc in court and probably should win although at this point, you're probably gambling on which kind of judge they get next, the fed cares about wage inflation and less than spectacular numbers we got today made people feel safe buying medals and chemicals and home

builders but are we really safe? on wednesday, we get results from kb home you better pay close attention because the fed wants lower housing prices kb is the first to report after the most recent rate hikes so we need to know if the sales are finally being impacted by higher mortgage rates and more important, our housing prices finally coming down. remember, today's macro numbers are a prelude to declines or that's how wall street sees it kb will tell us if it's happening. thursday we get the consumer price index and that's an important piece of the fed puzzle, not like today but a hot button if the cpi is cooler than expected we'll get another good day but not as much because that weaker ism serves with the thing that spurred the rally we won't have to wait long to find out how important the cpi might be because st. louis federal president sends bullard speaks today he gave a presentation

theyindicated concerns about the slowdown of the economy, could be genuine and doesn't want to be too dogmatic about rate hikes he's no longer a voting member of the committee which is why it calls the shots so he might not have as much sway as he did with the media. friday, let the games begin. wall street turned cautious if not negative thanks for nothing but wall street is worried about loan losses and build reserves to get ahead of the weakness rather than focus on positives from higher interest rates remember, every rate hike instantly makes the banks more profitable it's nuts this group has fallen. on friday we hear from wells fargo down 20 points from where it was trading five years ago. the dow jones was at 25,000 and now at 34,000. wells has the most room to run and i think it will do just that which is why it's one of our

biggest positions for the charitable trust expect j.p. morgan to put up fine numbers but this went from 101 in october to 138 now. that's big including another two points today and bank of america should deliver consistent numbers and there is black rock. expecting to talk about sluggish assets, i'm betting the technology will allow them to beat the numbers finally, maybe we can get to the bottom of the decline in the united health group because of potential short fall because they are the size of the work force but we spoke to lisa gill yesterday, she questioned if it might be a combination of news out of washington like democrats nominate someone that tax further left than joe biden. lately, there isn't much talk about price gouging by the health care industry but that could change depending on who ends up running for president. bottom line, the street is

prepped for huge disappoints once the results start rolling in next week that's maybe the most positive thing i can say but i'll take low expectations over high any day of the week. william in michigan, william >> caller: hey, thanks for taking my call, jimmy. >> my pleasure, william, jimmy chill at your service. what's up? >> caller: hey, one is pays a divividend in the second month the quarter and one pays a dividend in the third month of the quarter. is it okay to own both, epd and pxd? >> i care more about diversification than i care about anything else and one is a pipeline company they're both excellent companies. but they're not why you necessarily buy these stocks you buy it because you think it's going higher. i like pioneer best. that's the one you want to be at the street is prepped for huge dispiappointmen disappointments. maybe that's the best thing i can say ahead of earnings

season everybody is negative ahead. not so bad i'll take low expectations over high any day of the week on "mad money" today, yesterday was a tough day for the market but a tougher day for silver day so why does crypto fall? does it mean to you? >> 2022's biggest losers in the nasdaq were bigger i'll look to the bottom 25 stocks to see if anything can have an enticing buying opportunity for the next year and drone manufacturer will shed light how the war in ukraine is preparing defense contractors and the bottom line 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 miss something head to madmoney.cnbc.com. [office sounds] ♪upbeat music♪

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around.ank that knows your business grows your business. this digital age we're living in, it's pretty unbelievable. problem is, not everyone's fully living in it. nobody should have to take a class or fill out a medical form on public wifi with a screen the size of your hand. home internet shouldn't be a luxury. everyone should have it and now a lot more people can. so let's go. the digital age is waiting. just look around. this digital age we're living in, it's pretty unbelievable. problem is, not everyone's fully living in it. nobody should have to take a class or fill out a medical form on public wifi with a screen the size of your hand.

home internet shouldn't be a luxury. everyone should have it and now a lot more people can. so let's go. the digital age is waiting. last year was a bad day for the market, wasn't it? but a worse day for silver gate capital, the crypto outfit that tumbled 43% before it was even another 2.3% today even before that decline, this was already down more than 90% from the all-time highs. a little over a year ago the good example is stocks can go lower at least know it's zero. why do we do it silver is part of an echo system and a great example of everything that's

wrong with the industry. oh my god, right with this group. on wednesday night, this crypto bank made a series of horrifying disclosures, which is why it's now getting creamed. and if we don't address it tonight, i worry that the market capitalization will strengthen to the point where i'm no longer allowed to talk about it on air. first, understand what silver gate does. this used to be a california based community about a decade ago they pivoted into crypt o an especially the crypto currency exchanges. they got very early at a time when most banks wanted nothing to do with anything bitcoin related. back then it was only bitcoin. something that's eessential. they operate the silver gate exchange network or sem for short which is a payment network. they let you send u.s. dollars to other silver gate customers instantly 24/7 like crypto

transactions and much less cumbersome the other big component is money lending. silver gate offers u.s. dollars and willing to take bitcoin as ka lateral they were working to a money market fund that allows you to go in and out with little friction, something i said repeatedly is the most dangerous link in the crypto change. circle gate came public in late in 2019. great timing the stock rallied to $239 in november of 2021 along with the bull market in crypto. if you look at the chart of silver gate versus bitcoin, they're practically joined at the hip. remember, anyone who wanted to become a major player of crypto needed an account on silver gate's exchange network sen and as these outfits made more money, they had more deposits to leave with silver gate of course, when crypto started crashing a little over a year ago, silver gate stock crashed, too, which is how the stock came back to the 20s not long ago hey, live by the bitcoin, die by

the bitcoin. still, it's the last couple of months everything started going real crazy ever since ftx a top crypto exchange went under november a mid a gcascade of flood accusations. they lost 76% of the value and this is when things start getting really ugly. turns out ftx alameda research controlled by sam bankman-fried had accounts with silver gate accounting for roughly $1 billion of the company's de dep deposits think had $12 billion of digital deposits so, you know, that's a pretty significant chunk, right? a big chunk of the business gone overnight. on top of that if there isn't legal risk from ftx, any relationship with sam bankman-fried represents reputational risk, which is why silver gate is forced to defend itself to a bipartisan group of angry senators who wrote an open

letter to the ceo accusing these guys of being at the center of the improper transmission of ftx customer funds end quote and there might be legal risks, too, as silver gate is hit with at least one class-action lawsuit over this. there may be many more litigation it won't be cheap. worst of all, after the ftx implosion, there was a huge level of uncertainty that caused deposits to worry if silver gate would have enough money and that's a concern that's hit everything in the crypto space and rightly so because on wednesday night things got much worse. silver gate preannounced stats for the fourth quarter and these numbers were out of a horror movie. they had $12 million in total deposi deposits get this they're down to $3.8 billion we're talking about a 68% dec decline in deposits. to me, that sounds like a bank crime. how did silver gate cover these

withdrawals? they borrowed more money but that wasn't enough so ended up selling $5.2 billion of debt they held as investments to cover these with drdrawalswis they had to sell at a loss adding it up, silver gate lost $718 million in the process. how bad is $718 million? how do we put this in perspective? okay that number far exceeds all the money silver gate has earned since it pivoted to crypto in 2013 at the peak in 2021 the profits came to $75 million so to cope with this digital bank, they lost nearly ten times as much money as they made in their best year suboptimal to put it lightly remember that staple coin they were developing? silver gate is taking $196 million charge to right off the entirety of the investment when we spoke to the ceo less than a year ago, he said stable coin technology would be off the charts valuable. although i guess he didn't

specify which direction off the charts but that's how you get a 43% single day selloff in a stock that was already off 90% from the highs. so what is next? when you look at the scale of the bank run here, it's remarkable that silver gate is still in business. most banks that get hit with 68% withdrawals such as short period likely would go under, maybe a testament to surviving all of these crypto charges that are going bust left and right, nothing seemed to be wrong with the infrastructure honoring withdrawals. good for them. remember, silver gate is a natural bank that makes this less of a clown show than the rest of us normally an insured institution would never have the bank run that silver gate had but silver gate's customers are all concentrated in one industry with needed cash i don't think they're withdrawing out of panic they're withdrawing because

they're under water and need to cover too many obligations at the end of the day this is a crypto bank where all sorts of crypto institutions are collapsing bank of america hit silver gate with a brutal downgrade from neutral to under perform taking the price target from 37 to $8 and that feels generous to me. if you don't believe ftx will be the last crypto bank exchange, you shouldn't think about owning something like silver gate, even cathie woods has given up on it. then again, the legendary bill miller owns it because he's a bitcoin believer and sees silver gate as a way to play it and recommended it this afternoon on the network. for once i'm more inclined to side with miller the most la egitimate cryptos a silver gate can possibly stay afloat, it's way too risky for you to go near a story that's deteriorating this rapidly "mad money" will be back after a break. >> announcer: coming up, dogs of the daq?

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the collapse of the nasdaq 100 over the last year feels like the.com crash the 25 worst performers make money. they're not trading at a crazy price. some got businesses, others getting hit by the business cycle. stocks were disastrous but unlike 2000, 2001, the crash, most of them are worth something. most of the losers at the bottom of the nasdaq litter could make a come back this year. i'll get to it this is a profitable company that should make a lot of money in 2023. they dominate the entire

category to cut back on spending aggressively now that potentials can't get funding. so how come airbnb stock got crushed? simple guilty by association. people this is a covid ben fiseficiarya became public. to many on wall street it's indistinguishable. sure, we're going into a slowdown but the last time the ceo came on the show, he talked about how well the business was holding up only for people to interpret it as positive comments in the most negative possible light drove me crazy when it happened shouldn't come as a surprise every high, former high flier that's brought low, nobody wants to give these guys the benefit of the doubt as much as i believe in airbnb going forward, that doesn't change the market's attitude you want to buy it, you have to buy it gradually on the way down don't just buy it all at this level because you heard me say something about it if you buy it all at once, you're a "mad money. all right. moving to buying for the

charitable trust, i suspects worry it will be stuck as a trading vehicle forever. and we don't like to trade for the trust. this has a mote around it. next up, we got not one but two beaten down semi conductors too risky to buy people certainly were going crazy about it today even let's say through the end of the year, they definitely will both come they will be unbelievably strong buys by the end of the year. i feel the need micron the commodity chip maker and the semi conductor micron makes flash memory chips, the basic building blocks and lambert makes machines to f manufacturer that's not true. it's a great company but a cyclical one a classic boom and bust

business we're in bust mode at the same time micron competes against samsung which i believe is selling these chips right through their cost to take the market share i don't like that. not a smart strategy it's not right it hurts some sung's competitors and micron micron needs to see a pick up of demand in pcs and cell phones. the stock trades above book value when micron will be worth and liquidated the business so there is value here but nobody will take it over so that will be a moot point. like i said before, it's too soon to go all in on micron here you need to wait several months before it's safe, however, you can't wait until the glut is over before you buy. once there is a sign of a bottom, this will bounce back like crazy always has you have to get ahead of the real bottom, not the trading bottom not now because i expect this quarter to be weak and there will be more guide downs we're beginning to analyze the

weakness wait for the ugly results but by the middle of the year, you're going to want to start accumulating the stock i feel the same way about lamb research a tremendous semi conductor maker. nobody wants to touch lamb because the chip makers don't buy much new equipment when demand falls off a cliff makes sense. this should be a down year micron, you can't afford to wait around too long after the next bad quarter because lamb stock will bottom months before the business does. the near future could be ugly as they fall to please wall street by cutting orders. they will probably over cut at which point they will place more orders at the end of the year. so much manufacturing gets done in taijuan and they are vulnerable to a hostile chinese government but china needs to stabilize things at home before they do anything crazy beyond the borders. it was a part of a broader rally. there is no reason to chase

them not because of the fortunes. nothing has changed for the better other than the stock prices for these two stocks. but it's good they can rally at all given how much wall street disdains them. i was surprised to see the alum y -- aluminum they make the best gene sequencing machines out there. there is no doubt about the quality of the product that said, if you want life science exposu exposure, i'll send you to something else that's down it is down huge, a nice catalyst as they're about to spin off the slower growing walter quality business the best reason to recommend this stock is that it's an ideal takeover candidate when it gets cheap enough, somebody will want to buy it. but a few years ago, illumina spurred and we have a federal trade commission that's incredibly hostile some deals will get done, the odds for takeover speculation are much worse than they used to be and i'd rather stick with the covid testing business that got

a big boost and china unleashed massive outbreaks and finally letting millions of people leave the borders. danner was hit by a couple downgrades by the potential order. i urge you to think of this company long term. don't worry about the short term every time it's a difficult with any product line, management has quickly fixed that difficulty, whatever they need to do to do well for shareholders, it has done and i think we'll do the same thing now finally, i want to sneak in qualcomm they are anticipating they will lose iphone orders in 2024 but because of technical issues with apple itself's possible they might keep some orders from next year that possibility is not in the numbers. qualcomm dominates key parts of almost all high-end cell phones but expect the future lose of apple kept the lid on the stock for ages maybe that lid comes off at least long enough for them to diversify into the auto market where they're making a huge push to become the de facto brains of

electric vehicles. qualcomm locked up gm. i can think of worse partners. with a 2.6% yield the stock is far from expensive bottom line, out of the nasdaq's biggest losers, i think qualcomm, land research, micron and airbnb will work this year although not necessarily the first half and maybe they're down so long it's looking up to me and don't forget, alumna which i think will make a comeback, too. let's take some phone calls. let's go to scott in new hampshire, scott >> caller: jim, how are you today? >> scott, i'm having a good day. how about you? >> caller: i'm doing great. >> okay. >> caller: i'm calling about hamsbrand. where do you think they'll be 1 stock and rally the companies with low multiples don't touch the stock. that's a very competitive brand.

very competitive part of apparel. so let's not go there. let's go to eric in wisconsin, please, eric >> caller: hey, there, jim. >> hey, eric. >> caller: i got a question related to portillo. growing up i was five minutes away from the closest one in my hometown and now in wisconsin i see lines jam packed around the corner what are your thoughts on the stock -- >> it's driving me crazy it's at 16 when i went to portillos recently, it was so terrific the stock is down $9 straight. you're right buy it and put it away thank heavens someone called me on this because i believe portillos represent as great bargain here all right. the nasdaq's biggest losers, i think qualcomm, land research, micron, airbnb and let's not forget alumna could work in 2023 much more "mad money" ahead including my exclusive with the drone market as global demand rises. let's check in with the ceo with

a great order backlog and the quarter closed with a nice rally. what was the one take away i'll reveal. it has to do with yesterday's closing comments and tonight's questions in the lightning round so stay with cramer. technology lets you monitor your pet when you're not at home, but to monitor threats to your hybrid workforce wherever they are... you need more than technology. you need cdw, who gets to know your business and can design and deploy custom solutions, with pre-configured hp notebooks with hp wolf security. ai-enabled threat detection and remote management protect your endpoints 24/7, giving your defenses some real teeth. bummer. hp makes always-on remote security possible. cdw makes it powerful.

coming into the new year, we can't assume what worked in 2022 will work in 2023. stay close to the best stories which brings me to aerovironment including explosives put to good use in ukraine like so many defense stocks, they roared up 38% but it came

last spring after the war started and since then the stocks are bounced around between 80 and 100 and the last quarter was missed the way wall street thought of it part of this is because even though the products are making it to war, we're not selling as many drones and robots to ukrainians as we should be that's my view our government only wants to escalate so much so what can we think about this going forward let's check in with the chairman and ceo of aerovironment welcome back to the show. >> great to be with you, jim. >> i got to ask you. this must be the single best time to be in the business of drones because for the first time, we have a land war and it's the safest way for soldiers to be able to be in battle and win. >> that's precisely true, jim, and it is an incredibly exciting time for aerovironment

i've been with the company for a decade we've delivered tremendous value to our shareholders and customers. stock has went from 20s to close to 80s now but i believe never has the opportunity for growth and prosperity and creation been better and better than today. >> what people need to understand, there is a piece of equipment called the javelin, which is a very expensive missile and you have to be very close to what you're trying to assault and then there is your products tell me the difference. >> switchblade 600 is a better alternative to a javelin a javelin can go three to five miles of basically range so where you can hit it. you also have to have eye on the target when you fire in it, you must be physically able to see the target through the scope of the javelin war head, the weapon some switchblade 600 has an aniti tan

war head it can fly for an hour you can take out targets far, further away than what javelin can take you can find a target, prosecute it and there is a lot more other technology that allows it to be extremely precise. >> the natural question is are we trying to go for win or a tie? sounds like if we use your equipment for ukraine, ukraine would be able to destroy a whole column of tanks. >> i'm a firm believer that if ukraine had two to 4,000 switchblade 300s and 600s, the outcome to the war would be different. >> how many do they have >> they received about 1,000 of them -- >> but you have the capability to do that >> we have multiple factories right now in the united states that has the ability to produce thousands of them, multiple thousands of them today. >> how many has nato bought? >> we have received authorization to export switchblade 300 and 600 to 20

allies around the world. so far we've been announcing four of them, france, ukraine, united kingdom and lithuania. >> so you have record backlog with those >> we're at a record backlog we had close to $400 million in backlog which is really historic and i believe that's just the tip of the iceberg i believe that will continue to grow over the next several -- >> you had, what, a potential billion-dollar huge order. >> that's right. we have an army feature tactical jump 20 group three, which is a bigger one that can carry switchblades on it we waon increment one of that which is considered to be the replacement. that's a billion dollars record for the u.s. army. we're the lead provider of that. we were sell lected as sole soue so far and i think that will lead to a much bigger acquisition. >> it would seem for a lot of people worried about a recession

that seems to prevail and these have nothing to do with economics. >> no, our business, we're in the most exciting category of technology we're a defense technology growth company we've been growing we'll have strong growth this year and expect stronger growth next year. our business as i see it today given the conflicts around the world, the uncertainties around our allies, appetite for growing their defense in robotics, we're at the heart of that there is no company i can think of that is well positioned for this potential growth and momentum than aerovironment. >> how many does taijuan have? >> taijuan is a good candidate for receiving thousands of them. we're working with them with many allies. many are in the propertcess to the approval to do exports and get acre squisitions through fon military sales. >> if ukrainian soldiers want to destroy as much armorment as the russians had and have thousands

of different -- of your best drones, what is really the negotiating factor why don't they have them >> primarily the ability for the u.s. d.o.d. to place a contact with us is number one. >> you're an american company. >> the u.s. government has to actually place a contract and order to buy these -- to provide them number one, number two, the only supply chain constraint we are facing to some extent is the war head that's government furnished equipment. the switchblade 300 we secured that and in the process of delivering more who in turns provides to many allies. >> a ukrainian soldier wants to destroy a tank, safer way, javelin or your product? >> our product hands down is far, far more superior the switchblade is unmatched and the track record of the success

in the last decade is unravelled. >> you'll see record backlog, great balance sheet, great management you've done a terrific job i don't know this is it. >> for a decade the prosperity in the creation is never greater. >> when i saw you last time, you said no defense use and talking agriculture. i wish it was just agriculture that's not the world we're in. congrat congratulations. this stock is a winner for the rest of the year and beyond. thank you so much. great to see you. >> thank you great to be with you. >> "mad money" will be back after the break. >> announcer: coming up, cramer wants to hear from you, your calls on the thunderous lightning round, next. lily! welcome to our third bark-ery.

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it is time, it is time for the lightening round play the sound and then the lightening round is over are you ready, ski daddy time for the lightenning round robert in new jersey. >> caller: hi, jim, what do you think of glw, the stock -- >> it's fine it's fine. it's fine. let it come in let it come in all the other tech stocks are down let it come in i want to go to josh in arizona. josh >> caller: how are you doing, jimmy? >> i'm doing good, josh, how about you? >> caller: all right i have a stock that i've had for quite awhile i need to know if this thing is a broken stock or have any lights on?

the name is pharmaceuticals. >> they don't have anything which is why the stock is down at five. i'm concerned about it let's go to john in florida, john >> caller: hey, how are you doing, jim bayou. boo-yah. >> boo-yah >> caller: [ laughter ] listen, can you do me a favor and give me insight on hqi >> health equity expensive stock. another one of these stocks not making much money. i think we have to take a major league pass on that particular situation. let's go to arson in -- arson? arson in california, arson >> caller: gentlemen, sir, jim, hello in arminenian. >> okay. i just learned something what's going on. >> caller: mbli.

>> i have the lightbulb lights owned by intel just a subsidiary. i think you should hold off buying mobile eye now. if tesla comes down ten, i'd rather buy tesla i'd rather go to michael in virginia now, michael? >> caller: hey, jim, thanks for having me on. >> my pleasure. >> caller: i've been building a large position in this company for the past year that's been doing really well and it's up 4% today. seeing these big lime green trucks driving around eve everywhere, lime green dumpster looks good what do you think about gfl, green for life. >> i'm a waste management guy. the green trucks, they have bad business, too. republic service is good i looked at yours before old friend of mine played ice hockey with told me about it bob in new jersey, bob >> caller: jimmy chill --

>> chill is here >> caller: from new jersey. >> loving jersey what's happening. >> caller: jim, you know your retail history do you remember two guys >> two guys from harrison? >> caller: you got it, man. >> unacceptable. not great situation the two guys. >> caller: that was for trust, right? >> that's right. vno. turned it in what's up? >> caller: my stock is chart point. >> that's a tough one. you know that. i've been around and you have been around. charge point is too speculative for the show couple years ago would be fine but this market doesn't allow you to like it doug in florida, doug? >> caller: hey, jim, how are you doing? >> doing fine, doug, thank you for asking, how about you today? >> caller: doing great i want your thoughts on bumble, bmbl. >> we like stocks -- you do things but they have to do it and be very, very profitable and we're not seeing the kind of profitability that makes me feel like that stock is inexpensive

zack in minnesota, zack? >> caller: mr. jim, i've been wondering if i should add to my position in suburban propane >> it's okay i like enterprise product partners and the problem is propane market is historically let's say too volatile and erratic for me i want to go another one, i want to go to brian in colorado, brian? >> caller: hey, jim, rocky mountain boo-yah to you and happy new year. >> major rocky mountain high john denver boo-yah, what's up >> caller: hey, i wanted to ask about a company i followed for years. what is your opinion on exxon enterprises. >> rick smith did a great thing, gone beyond tasers it's a terrific law enforcement package i think is really good for everybody. i like it. let's go to mike in illinois, mike >> caller: cotera energy. >> i'm tired of the bears.

it's the best natural gas company and a great oil company and people should stop picking on it. great situation. ctra is for me i'm not done i want to take another call. let's go to tom in wisconsin, tom? >> caller: hi, jimmy how are you doing tonight? >> man, having a super time. how about you? >> caller: doing good today. >> good. >> caller: i've been a long-term follower of you first with action alerts and now with the club. >> thank you the club rocks what's happening >> caller: i got one i need your advice on. >> okay. >> caller: this one doesn't go with a criteria. but give it a shot. >> man, okay >> caller: new scale power the symbol smi. >> if you want small nuclear modular reactors, i have to send you to constellation energy. that's whose got it. i'd rather own -- i'll do a two-for. constellation energy and ma

madello, corona that's the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade coming up, when the going gets tough, the tough get to work cramer on why desperation is no recipe for resurgence. next blah

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. be careful with conventional wisdom, it might be too conventional that's my take away from today's amazing action you know i'm as irrepressible as

it gets. there is a reason in every show there is always a bull market somewhere. i genuinely believe it we've had a problem, one bull market after another we had the oils. then we lost them. crude sickening plummet from well over 100 to the 60s, of course, when oil wasn't 100 we had a ton of people saying it was going 200. to 70. some said it would go to 50. there is no doubt that oil has been sent to the slaughter house. at least turned more of a steer market so definitely not bull. we had a bull market in health care suddenly we don't know if biden will run for reelection. the guy is 80 years old. if he doesn't run you can expect a new crop of democratic candidates to spend the race beating up on big pharma we had retail. we had a infrastructure stocks people got i'mnpatient but not

here yet that brings me to the real dilemma i face every night. last night i got home and couldn't figure out where the bull market might be besides maybe gold perhaps because crypto is blowing up in front of our eyes. anyone who likes how fiat is untrustworthy. worse, probably obvious that some very big cap stocks have cast over everything amazon fired 18,000 people and maybe they should have fired 180,000. salesforce lays off 10% and not enough and too good for its own good on and on, these companies are so huge it weighs on the averages and on my shoulders it's discouraging. i was discouraged. especially with a bunch of people telling me i was wrong last night when i questioned whether the world was ending i got home too late but my wife lisa said i look so down i said i don't like it when people are losing money and i felt like i told 40 people this

week they had to sell what they were interested because their stocks may not hold up in a recession. it crushed me to be this negative when i know the cavalry couldn't be that far away. it hasn't felt this bad except the financial crisis sure enough, the cavalry came this very morning, just this very morning and with a set of cooler than expected macro numbers, look, they don't make bad stocks and good ones awful numbers don't become upside surprises but today is a reminder there is always the darkest before the dawn rhythm if not moment the markets and you forget that at your own peril. the bears will be back next week what today showed us is that if you took counsel only of your fears and not your opportunities, you madel less money than you could have. you milsessed the best performa.

let's remember today's run keep it in mind when we come home for a cocktail slumped in a chair willing to give up a hope the stock, let alone the market will rally again i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer see you monday er he's a small town choir director. - my wife and i, we're both teachers. - he puts his whole heart into everything he does, and that's what i love about him. announcer: looking to hit the highest of notes... - whoo! [grunts] it's a lot of money, and it could change my life. announcer: and when the banker challenges him one on one... - she wants you out now. - the curtain's going down on you tonight. announcer: bryce gage may surprise everyone... - that's a good board. - that's a lot of money. announcer: by showing off his game. - he's going to slam-dunk this $1 million. - whoo! yeah! - we're with you all the way.