karen? >> i'm going to sell some upside calls against it. >> dan nathan? >> tmlt. thank you all for watching, helping us make it 16 years. we'll se my miegs -- mission is simple to help you make 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. wel welcome to cramerica other people want to make friends. i'm trying to make you money my job is not just to entertain but teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. tech was back. these were rallied like it's 2020 which is how you end up

with a session where the dow dips 113 and s&p ticks down .08% but the nasdaq jumps 6.3%. at one point it was higher before everything folded at the end of the session the whole group felt tempting. there is just one problem with tech the fundamentals see, their much worse than wall street seems to believe. key reason why the huge gains didn't last and shouldn't be expected to. today we got a clear counter trend rally in the morning albeit one that fizzled late in the day based on big institutions and the later than expected wage inflation, which is the fed may not have to tighten as aggressively as we thought. this kind of rally is seductive. it looks like the real thing it lasts longer than you expect because there is nothing in the way. earnings season kicks off this week but we don't hear from tech companies, not for a week or two

do you get that. you see, the move, the move is as we saw at the beginning of the day, the move was wrong. it was wrong what are people doing? they're selling health care. they're selling oils, industrials, area space. all the groups that are cheap versus the long-term prospects and they were clobbered and by the end of the day many of them represented great of timopportu. meanwhile the tech stocks when they report it's most likely they will tell analysts that their forecasts are too high yes, number cuts when they report so let's do this because it was such a complicated day. let's break down the whole session. so you really understand, okay because today's tech led rally may havebeen tradeable but it wasn't something that we find as much more important on "mad money. it wasn't investable see, at the end of the day, we want to be investors it's a better strategy over the

long haul especially because you can't really be a good trader unless you do it as a full time job but you can absolutely be a good part time investor and that's who we're trying to teach here what do i mean when i say the tech rally is not investable this started friday when we got cooler than expected economic numbers and the service sector were softer than we thought. in response, yields tumbled and when that happens, the whole stock market tends to roar many stocks are headed lower and the worst performers were tech those multi billion-dollar mega tech companies and also, the enterprise software companies. so you could say that those were certainly due for rebound because they had been hit so hard that's why tech seems to snap back the hardest economic data and the fed will be willing to stop bring us the pain there is nobody at the fed saying that.

i don't blame anyone for trying to trade the moves i was doing it full-time the economic data means more fed action in november of 2021 than naturally a green light to buy the tech in the short term again, you can't gain this unless you're running as a full-time job and even then it's hard for everyone else, we buy stocks because we're betting on the underlying companies we want to own the companies doing better than wall street expects and avoid the ones doing worse. these short term sector rotations like we saw today, they're irrelevant because they can't lost think renters, not owners. the fundamentals look at the action two key groups you understand what is really going on here there is tech, which short today and health care, which got no love whatsoever. many of the big hedge funds are known as catalyst driven we heard a lot of good things about health care ahead of this big jp morgan health care conference that started this

week in san francisco. even had lisa jp morgan's top analyst at the conference on the show last week all the best stories, well, let's say a bit up in advance so today the conference started and it turned into a sell the news catalyst situation there wasn't enough new money coming into the market to see something like j&j johnson & johnson fantastic long term story that got clobbered when the ceo predicted numbers skepticism by many turn into a rally where almost everything health care got crushed. i like that. i like it. at the same time the tech stocks kept the rally going as big sellers took a break perhaps because there were buyers coming into the market for once i don't know tech rally began red hot and ran out of team when a couple fed officials reiterated no plans to take their feet off the brakes still, this run was secondducti.

it can pull people in even if it's short lived -off you might have found it seductive. how will tech rally? very easy for stocks to come untethered from the underlying business in the short term if the companies get serious about the bottom line because it changes their complexion let's talk about long-term cramer fav salesforce up today last week these guys announced they would lay off 10% of the work force and on friday 10% may not be enough. they made a series of expensive acquisitions and the integration isn't as riggous but salesforce is one of the best run plays if they need to let go more than 10% of their employees to get things really going and humming. you have to think to yourself what does that mean for the rest of the industry? they have almost no spending discipline meaning there is still a lot of fat for them to cut as the economy cools off wall street loves these layoffs right now and if salesforce can

do this, maybe microsoft or alphabet or amazon can amazon said they would let go of 18,000 people but not what they need to do alphabet and microsoft may need to make cuts if economies don't improve and looks like they aren't from theperspective, it's good they are getting religious on cost cuts long term it's not good tech is struggling and the industry needs to fire tons of people we want strong revenue growth but these days with tech we'll take you there there are other signs that things are less than swell in the markets, too lieuululemon a fantastic growth announced shade down for earnings small and the stock got crushed down $30 or 10%. on friday afternoon macy's had a less than ideal holiday season and i see it other than disco discounters, there won't be a lot of money to be made in the retail stock may see drop 1.70.

what makes this more difficult is that we don't have new money coming into the market in fact, we have the opposite. people are continuing to pull out the money in droves. yeah, they want to be in cds and very nice high yielding treasuries so hedge funds want to buy tech. they need to sell something else to fund those purchases and today, they sold health care and retail these short term rallies are all about -- they're all based on a theme. not how the underlying companies are actually doing so they have rarely been able to have staying power. for the charitable trust, we used today's rally to do the opposite we made tech sales because business is deteriorating and the fed isn't coming to the rescue any time soon for the tech stock at the end of the day i expect most to miss the estimates and almost always leads to lower stock prices it isn't easy to be disciplined. it isn't easy to ignore stocks that rally ten, 11, 12 points as many stocks were doing earlier this morning to suck people in

seductive. if you bought that, you were betting there is another 10 or 12 points down in the future uh-uh. you ended up losing money today if you did that. the bottom line, just remember, if you are buying tech here off some weaker macro numbers, you're not investing you're simply gambling and if you're going to gamble, you know what? might as well go blackjack go play blackjack at the casey know odds are better. tony in pennsylvania, tony >> caller: jim, this is healthy new year for ya, big jim. >> thank you, tony, thank you. >> caller: how are you doing, buddy? hanging in there >> doing good. hanging in like everybody else what is happening? >> caller: my stock is shake shack. long term hold or shake up out of my portfolio? >> one of the things we have to do at times is say do we like the product and is the balance sheet okay can they do well this is one of those situations where the company is not making as much money.

i think it can make more money but the product is good. we all like the product. i think it's a hold. i don't think it's a buy and i think -- thank you, tony, for fine comments. trey in texas, please, trey? >> caller: jim, everyone is looking for the next fang stock except me. i'm personally looking for the next chipotle and jim, i think i found it in sweet green, what do you say? >> no, you know, look. first of all you're absolutely right to look at subway and fang i have a problem with sweet green. they surprised us to the downside i was a little let down by them. i did not think they did that good a job i can't necessarily tell you to buy chipotle but chipotle is the better buy matthew in georgia, matthew? >> caller: hi, jim, how are you doing? >> doing well, matthew how about you? >> caller: very good question i had for today i wanted to ask is i have home depot stock for the last over 20 years. i used to work for them but it was a long time ago.

i have about 200 shares and i'm trying to figure out if i should divers diversify. i had more than that but i sold some off. >> i'll tell ya, matthew you're in good hands with home depot. i'm trying to teach people something, in 2023 i'm trying to everyone emphasize i don't know how this quarter is with home depot it a great franchise we like to shop that and excellent management and that says to me own home depot. not for the quarter but for the duration now look, i know it isn't easy to be disciplined. i'm trying to teach it please remember if you're buying tech here off some weaker macro numbers, you're not investing. you're most likely gambling. on "mad money" tonight, shooting the lights wis without the earns so can the package foods shoot it out of the pack to do if you missed the five best trading days 0 the year

i'll give you my advice. it's been a year since the constellation breakup. i got the ceo to find out how the company is working to transition to a cleaner future 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 adhe to madmoney.cnbc.com.

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in a deteriorating economy, you want to circle the wagon around recession proof groups like the packaged foods stocks

last thursday we got a blowout quarter from the parent of birds eye, marie calenders these guys delivered a big top and bottom line beat with 8.6% and wall street is looking for 6.3. even better. it can rally 6% on thursday and friday isn't that what we're looking for? those are good numbers look under the hood a lot of that came from better pricing strong enough to offset buyings down i think if the brands are strong enough, the answer is yes. so let's check in with sean conley, the ceo of conagra brands welcome back to "mad money." >> love the new set. >> thank you thank you so much. yeah, we try to make the most of it you've always said in your pantry you'll find conagra things since we spend so much time at

home, we have everything you sell not just that, it's in the freezer. why don't you tell us what is doing really well because the numbers were extraordinary. >> a lot of people don't realize conagra has been through a massive transportation and today two-thirds of our sales are anchored in two key strategic domains, frozen and snacks frozen is where we started innovating the entire space and wow is it working. consumers are buying frozen food and convenient and we completely changed the quality and packaging and when the pandemic hit and more people are working from them, there are structural reasons to eat more breakfast and lunch at home. that's a home run for us along with our snacks business but in frozen, we sell it all we sell vegetable foods like bird's eye and classic favorite like marie callender we got something for everybody. >> you also had some issues with

supply chain how did this come together supply chain, sales. >> this is an inflation super seek l they can knnavigate with great brands, great processes and great people it's a process you get hit with higher costs and announce your pricing and wait about 90 days to let pricing go into effect and margin compression but once you get on the other side, you start to see marge in recovery. the good news is throughout that demand for our products is resilient and sales are strong. >> that is a combination for sustainability i shouldn't think that this is it and then after that it's going to go down all the things are in place. >> absolutely. there is no question that innovation is the backbone to everything that we're doing successfully in the marketplace. six years ago, we completely changed the innovation capabilities and do it all in house.

it's best in class and spans the total portfolio from frozen to snacks to staples and the proof is in the pudding working in the marketplace. throughout covid we had among the highest sales in all of the food space and we've held on to a lot of that demand even as covid has subsided and the inflation cycle hit. that's a testament to the innovation quality that we've sper dul introduced to the marketplace. >> you don't understand the younger person's thirst for frozen foods and also, on a pricing basis just as good quality but less expensive. >> well, that's true i heard you talk about trading down last week and there has been a trade down within food but the big trade down is trading spending your food dollars away from home to spending your food dollarsfor stuff you eat at home. why? it's a lot more affordable but on a relative value basis, they're an extraordinary value particularly versus the away

from home alternatives people aren't going to make choices while trying to make their household budget work. >> when i look at my popcorn in my pantry. we have a bunch of different brands why have as many brands? >> we have about a billion-dollar popcorn platform at retail. it's angie's boom chic-a-pop and of course, one of the founders of great popcorn, oroville is one of the recommended brand i recommend to buy the kernels. >> we got the swiss mix, the duncan mines like my mom grew up and when you grow up and she uses it and you use it you've got brands that are popular that you're to some degree, they keep reinventing. not like the same old, same old. >> look at duncan mines. you have a jar with the partner ship with dolly parton

now dolly and making have come together baking is one of dolly's favorite past times so we thought it would be a great partnership and it's been a home run for the category and our brand. >> bird's eye. it turns out when i'm at home i have a microwave, i have a steak on the grill and boom. >> the strategy is inknow vat. last year the big launch was buffalo cauliflower wings so like a chicken wing but it's buffalocauliflower we scouring the earth. we don't have to invent it ourselves. we can adapt it into our brands >> it's between bing tv and working at home it's a period designed you think you can continue >> you know, the old saying don't waste a good crisis and we would not have been able to take advantage of the crisis in terms of introducing consumers to our products and getting the response we got had the products

not been developed in advance and we spent three years in advance of the pandemic completely changing this portfolio to be built for the modern age and then we introduced it for the first time to a lot of households that never seen these before, young consumers in particular during the pandemic and guess what? they're coming back again and again and bodes well for the future. >> i got to tell you, the conagra way is working and you've delivered congratulations. the best of the food stock just a remarkable period but true to your word, every bit that happened you said on our show would occur. congratulations to you "mad money" is back after the break. >> announcer: coming up, sometimes it's justified find out what happens if you missed the five best trading days of the year next

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for the better part of the last year, i've constantly been asking the same question why bother with this heinous stock market why own anything when the general trend is downward? does it make more sense to swap out? the whole asset class that maybe swap back in at a lower level? that sounds great in therapy it's impossible to swap out and back in. the timing is almost always off. unless you're running money professionally and have a talent for trading, you're simply not going to be nimble enough to make it happen and very few have that talent. why? it comes down todays like friday where the dow surged and s&p soared 2.8%. going into friday, wall street was feeling real down beat about the future people felt the economy was too strong so the fed would have to bring the pain with more

aggressive rate hikes. >> the house of pain. >> which would only translate to more losses for the market but then we got very surprising numbers. while the headlines from the labor department's payroll report made it sound like we have an over heated job market, wage inflation came in weaker than expected and that's what the fed cares about. a little later, we got worse than expected factory orders and a much worse services pmi readout. next thing you know, we're off to the races i certainly didn't see it but got a lot of flak telling yo the night before i wish i could say wait a second, you know what? tomorrow morning the clouds will part and the sun will shine. i didn't i just said it's the darkest before the dawn so i can't claim any sort of victor are you would have been sweet but i can't. the point is just when everybody had lost hope, we got some major data pointing showing the fed is making real progress in the war

against inflation and the market roared these incredible moves when you least expect them which is why i'm so hesitant to give up on stocks entirely. you need to keep some positions on and use weakness to buy more as we had in a lot of software space today because when the term comes, oh, does it come fast if you try to swap out then swap back in later, there is a very big chance you'll miss the updates that come out of left field and you can't afford to misthem by the way in the good years when a lot of the game have a very short period of time so don't we give a case study showing what would happen if you miss the best five trading days of the year. and we'll use last year's data even though last year was a bad year obviously, these five days didn't help you to the point you would make money and the dow sunk 8.8% and nasdaq lost 19.4% and nasdaq plummeted 33.1% it would have been so much worse

if you tried to trade too aggressively and miss the best days of the year when it was down 19% you would be off 32% if you missed the best five days of the year it does matter and stay focused. why? imagine in a great year almost all the performance will come from a few good days that's how it works. the five best days are missble let me take you through them one by one the fifth best day for the market in 2022 is made fourth when the s&p jumped 2.99%. this was a dark time the s&p down 12% for the year going into the session russia had invaded ukraine and the fed hit us with a 50 basis point double rate hike with the promising of more tightening to come but powell, fed chief powell made some encouraging comments about the fight against inflation and that was enough to send the market soaring. of course, the turn jornlarounds premature and hit us with four

consecutive 75 basis point hikes before going back to the level again in december but seemed good at the time you can argue it wasn't worth getting in the rally but if you got out better than may 3rd and never got back in again, though, again, i'd say that's a mighty tough move to make kind of like selling at 10:30 a.m. today when things look perfect. next up, we got a big 3.06% rally on june 24th, which was at the time the biggest gain. at this point the bad news is good news dynamic. we were desperate for bad economic data that would show the fed could be less aggressive and on that midsummer friday, the university of michigan consumer sentiment index, boy, you can go pretty far to find things that hurt or help, hit a record low reading of 50 for june this late june rally ended up being the cherry on top for the averages, plus, if you got out on june 23rd and never got back in, you're down nearly 100 points from where the s&p 500

closed today the three best days of the year came in october and november on october 4th, the s&p jumped 3.06%. this was after a horrific period where we realized inflation was here to stay and the fed might have to go scorch earth on the whole economy. the averages have been plummeting for a month, a month and a half at this point and i think wall street just got too negative as i think happened late last week plus october 4th we got job opening and labor turnover data that showed a massive decline in job openings, clear evidence the fed was making progress in the fight against inflation and this came on top of another huge rally, the day before after we got some soft isn manufacturing data the averages didn't bottom until two weeks later but you would have been kicking yourself if you miss that move let's go out of order for a second because the best day of the year came on november 10th at this point we made quite a come back from the lows but november 10th was explosive.

the s&p surged 5.5% that day this was when we finally got a cooler than expected consumer price index reading and everyone realized inflation might have peaked in response, treasury yields plummeted and the market roared. finally, we got the second best day of the year, november 30th, this 3.1% run came after three-day losing streak for the s&p 500. what happened? jay powell talked about moderating the pace of future rate hikes, giving the whole market a shot in the arm last year is far from the best example. it was an awful year nobody would mind missing the entire thing and i understand that. and i know that in someways that proves that maybe my five dates here don't mat there much but if you look at 2021 when the s&p 500 surged 27%, you would have only gained 15% if you missed the five best days of the year that's even more dispositive in other words, a huge percentage of your annual gains come from a hand full of days any given year and that's why

it's dangerous to go in and out of the market especially because those days come after periods of maximum pain where you're most likely to give up on the asset class. how about last friday? we didn't hear a lot of bulls come into that magnificent move and we've been using this strength to lightening up for the charitable trust if you peel bearish, you got my blessing to lose your cash position the bottom line, don't give uppup on the market entirely when it snaps back, it snaps back fast and it's a tragedy to miss out on the days where stocks rarely roar let's go to joe in new york, joe? >> caller: joe from long island. how are you doing, jimmy happy new year. >> i'm doing well, i'm doing well what's shaking >> caller: sure you're happy about your team from philly. >> they're good. they're good guys. i like them. >> caller: the stock which i've had, you know, reasonable descent success with i want to get feedback it's general mills

i found it to be a stock which is almost like a contrarien stock where the stock market is down, general mills is just plugging away and i want to get some sort of feedback. >> joe, you got it dead right. that's precisely what is happening. they bought that food company, that blue buff was brilliant and managed to be able to do -- they just kind of extended it all the way and i've got to give it -- you know, jeff is so good at his job and he's really -- people didn't like the blue buff when he first did the acquisition bu he made it special and it's a terrific stock to be in. you have to stay the course with stocks because when the market snaps back, it snaps back fast and you don't want to miss out much more "mad money" ahead. should you be circling the wagons with the dividend yield or sometimes that's not a bad thing. this market is giving you a chance to sell what you shouldn't be owning in the first

place and i'll and plain and you're not going to like it, some of ya i don't care all your calls rapid fire in tonight's edition of the lightening round so stay with cramer ♪ ♪ at adp, we understand business today looks nothing like it did yesterday. while it's more unpredictable, its possibilities are endless. from paying your people from anywhere to supporting your talent everywhere, we use data driven insights to design hr solutions and services to help businesses of all size work smarter today. so, they can have more success tomorrow. ♪ one thing leads to another ♪

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we spent a lot of time talking consolation. we have talked about the company that spun off consolation. the mid atlantic and midwest, exxon completed the breakup unloading the power generated business or become a pure play

on transmission and distribution this is what we want to circle the wagons around, 3.1% dividend yield doesn't help it doesn't help at all this is one of my first stocks i bought let's take a closer look with the new president and ceo to learn more, mr. butler, welcome to "mad money.." >> hey, man, thank you for having me. good to be with you, jim. >> thank you s calvin, i'm from philadelphia which is pico and if you're from chicago, you probably know you are maybe well, i guess with the largest perk of number of people across the company. >> we serve from jersey to the eastern shore of maryland to washington d.c. and of course, the largest utility in northern illinois based in dhikchicago. >> you have a 6 to 8% annual growth rate.

how is that possible >> it's possible because we're come hmitted to investing $29 billion. what is exciting about that $29 billion, it's done in partnership with our regulators and legislators. and when you think about that $29 billion, jim, not one project is over 1% of that capital investment so it's relatively risk free and it's going to the things that matter most to our jurisdictions around reliability, resiliency, energy efficiency, decarbonization and that $29 billion translates into a rate base growth of $17 billion. which is the all most equivalent of the size of come ed and that's how it's possible. >> wouone of the things i really like is when you read through the earnings reports and deck, you make it clear you're about reliable power and affordable power. most of the ceos in your

position, the dividend which is great. i'm interested in hearing about how people can afford power. >> affordability is key for us when you talk about you and i both had a conversation about the cities that we serve our cities are major urban markets but also we serve rule america, we serve coastal america and affordability is a key piece because we have neighborhoods that are significantly under resourced and we recognized that a dollar increase in their bill is a significant increase so we lead with affordability. we have conversations with our regulators and having said that, we're driving it by our energy efficiency program with rural class. connecting our customers, we connected our customers across our cities to over $450 million in aid to help them pay. we know times are tough. but that is why we do this

our regulators are also asking us to do more because they need that system to be reliable and we're investing but we have to connect the dots. >> last year, the reliability was there for your company. >> thank you, com ed was ranked number one in terms of reliability and that says a lot. when they're serving northern illinois based in chicago, that means a lot to our customers and i give a lot of credit to that leadership team but across the board, our operations is in the top of all utilities so reliability is the driver. no one cares about the innovative things you do and when they go to flip the switch to turn on the stove, they don't have reliable power and we know what starts it and we start there each and every day. >> now, because you're in everybody's home, i have to hope the inflation reduction act that has climate control issues that

are addressed, somehow that will help exelon. has washington gave you help at all? >> it has. the inflation reduction act as well as the iaja are significant pieces of legislation and why it's so important, it allows us in a deeper way to partner with our jurisdictions, the communities that we serve. we are partners with them in grant writing to encourage and e expedite their transition to clean air, to decarbonization. we have example after example when we partner with school districts and partner with major industrials to give federal dollars to speed up their process of cleaning up their stack and that's what is exciting about the billions of dollars that are coming in to the mid atlantic and illinois. >> last question i mentioned earlier on, this is the first stock i owned.

philly electric people then changed to pico do you find shareholders are ex exelon users >> when you have the opportunity and responsibility to serve 10 million, you connect in so many different ways you're in people's homes and businesses and the relationship is personal. so when i come in and talk exelon they have stories of pico like you do and family members that worked there for generations. there is a connection with your utility we don't take for granted and go out each and every day to really strengthen that bond because we're going to show up each and every day and as you know, jim, those men and women, they're out there when it's the worst and keeping your lights on and gas flowing and we don't take that for granted and i know our customers don't, either. >> you're doing a fabulous job i love that 3% yield i like for reliability that's what our viewers want i want to thank the exelon ceo

kevin butler thank you for coming on the show. >> thank you for having me. >> excellent "mad money" is back after the break. >> announcer: coming up, cramer wants to hear from you your calls on a thunderous lightning round, next.

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has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. it is time, it is time for the lightening round play this sound and then the lightening round is over are you ready, ski daddy let's go to marsha in washington, marsha

>> caller: boo-yah, seattle, seahawks style will they go bankrupt -- >> we don't want rite aid. buy cvs. they had good things to say at the jp morgan conference that's the one to buy. let's go to mike in new jersey, mike >> caller: hey, jim, thanks for taking my call. >> of course >> caller: i'm right down the road in palisades park and my question is about adma -- >> this is the type of stock it's a $3 number it's a great spac but losing money hand over fist i think it's very biniary. john in georgia, john? >> caller: good evening. boo-yah, cramer. >> boo-yah >> caller: hey, by chance met you in an airport a few years ago and you had kind words for my military son. thank you for that. >> of course thank -- tell him thank ou what's up? >> caller: i will.

my question is about a large industrial distributor that generates a lot of cash. one of thirty eir partners is e. the company is wtc w westco international. >> i like this plain vanilla company. let's go to james in new york, please, james? >> caller: hi, jim how are you doing? >> i'm doing well, james, how about you? >> caller: doing great what do you think about at&t stocks >> at&t -- first of all, t mobile is the class of the field. att is not as bad as it used to. tempted recommendation there let's go to simon in new york, simon? >> caller: hi, jim first time caller, long time fan. >> got ya. >> caller: so i'm really curious about what your thoughts are on next decade, ticker next

i'm a big fan of lmg i'm just not sure. >> if you're a fan of lmg, let's go to cempra with jeff who runs an unbelievable company doing great things out west with lng people aren't thinking about him nearly enough. that's the one to be in. let's go to ming in new jersey, ming >> caller: boo-yah, jim. >> boo-yah. >> caller: i know you love the ench and i also have this stock for a long term but also holding airy just under $15. how do you feel -- >> solar tracking. interesting spac play and if they make the money they're supposed to make this year, then i think you'll be in very good shape. let's go to lester in illinois, lester >> caller: how are you, sir? >> i am good, lester how about you? >> caller: i hope the family and you are well this year got a big question i look at you for investments.

the question is my company's phrase got a lot of those years. get your opinion -- >> too speculative for me. sorry. that's too tough losing too much money and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is spronsored by td ameritrade coming up, get while the getting is good. opportunities in crypto and china are there for the taking but the window closes fast next

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got to hand it to this market, every now and then it gives you a terrific chance to sell what you shouldn't even be owning. >> sell, sell, sell. >> today's selling opportunity is crypto and china with a tech side dish earlier in the day the chinese stocks and crypto plays rally today. coin base had a huge move higher 15%. those have been waiting for these to bottom are probably thrilled they bought them hand over fist probably do the same thing tomorrow i actually i think that's a huge mistake. i don't expect them to roll over tomorrow or the next day they tend to last a couple days to play out and the stocks in question are so low they have some room to bounce however the history weighs in favor of selling these things maybe two, three days from now. let's start with china we've all seen what is going on in the people's republic because of the communist party zero covid strategy, they created

unrest at the same time, nobody wants to do business for the country that's constantly locking down vast sloths of the economy so finally, the chinese government flipped from the most strict covid poll sealicy in thd to no covid policy in the world. this is not a free market capitalist regime. the communist party can't prop up all the stocks but some of them all the time and helps lure foreign investors at which point they take the support away and you're left holding the bag. how about crypto today's rally was recovery and market manipulation. there is nothing happening here that makes the enterprises more valuable than friday it's just simply a reprieve, not just from crypto currencies going down because they have no economic value but also from the endless that's so obvious after the collapse of the sam bankman-fried empire there are many more shoes to drop here because there is so much manipulation and so little regulatory over sight.

don't take it from me. listen to john stark who worked in the enforcement division for 18 years according to him and i quote, never insecurities fraud history have prosecutors had such a unique bevy of canaries, turn codes, snitches and tipsters expect more crypto runs to trigger more crypto defendants to be charged and more crypto story to be told end quote i know there are many constituents that favor both of these tainted asset classes. the brokers want to bring anything chinese public and the cost is huge because the stocks tend to do quite poorly. the problem with investing in the self-professed communist country is the government can and will do whatever it wants to private industries couple years ago the communist party felt big business is too powerful so cracked down on tons of enterprises and the brokers don't care they just want to collect the fees from bringing these chinese companies public, however, crypto meanwhile has been revealed as a den of thieves

with market manipulation not saying the high level players are crooks there are plenty of honest true believers but crypto is a fraudster's paradise no regulation. everyone is asking like the collapse is complete and no more shoes to drop so they're taking up crypto currencies of all flavors once again to me, this is a terrific opportunity to load anything connected to crypto including stocks like coin base. again, there are a lot of people with deep pockets and big megaphones that will do anything they can to drawyou back into crypto and they tend to succeed right up until the next scandal, the next manipulation story causes it to come tumbling back down first it goes higher those who need it to go high push behind the scenes, we'll hear more good news for coin base or from a chinese stock that hasn't made a move or the chinese gambling paradise has come alive and then it ends so enjoy these while

they last but don't forget to exitbefore the next leg down because with these suspect assets there is always another leg down i like to say there is always a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ that 8 out of 10 people suffer from. ♪ hi, sharks, it's great to meet you guys today. my name is katherine krug, and i'm the creator of betterback.