you, your knowledge about sports is -- valero into earnings on the 26th look what that stock did today. >> thank you for watching "fast money. for more fast we'll see you tomorrow "mad money" with jim cramer starts right now. 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 jtrying to make you a little money my job so entertain, teach, call me at 800-743-cnbc or tweet me @jimcramer. this is a time of tremendous

opportunity but also a time of constand t mistakes that can cot you fortunes if you don't know what to watch out for. other than obsessing over today, dow gaining and s&p advancing and nasdaq climbing 0.1%, a nice contrast to last year's bull market i want to bet you ready for earnings that could change everything that's happened since the year began this is the most chaotic time of the year companies don't coordinate when they report so the process is nuts take friday morning, we got a bunch of bad wells fargo, jp morgan, citi group, bank of america. these companies are trying to give me a heart attack there is simply no time to make considering judgments. we get foolish judgements and nothing more but the truth is complicated. we want to know if the banks are

seeing seeing others are trying to become asset gathers to take on less risk like morgan stanley jp morgan wants to offer all things to all people from investment banking to trade to wealth management to consumer banking so wells fargo trying to deal with the sins of the past, how much leeway the regulators have that might -- what can they do in the present? it's very confusing. there is no way you can compare these banks with any specificity. kind of like comparing zebras with giseles or giraffes with hi hippos makes no sense but we do it. they are pitted against each other. first rule of earnings season, do not succumb to instant analysis no need for it investing is honestly not that time sensitive as long as you don't put a gun to your head

second rule of earnings, the first move it's often the wrong move when i got in this business, companies would release earnings to match to the consensus of what the analyst were looking for and do it by hand putting more weight on the analysts with better track records and judge whether it was really better or worse than expected. that is out the window these days we have so many services providing consensus for sales and earnings if the companies report any line item weaker than those estimates, then their stocks, well, they just go down. >> sell, sell, sell. >> forecast cuts are disastrous because we are still in a bear market, despite the action of the first few days of the year, forecast boosts may not be enough to move stocks higher there's a rush among the services first and rush among traders to be first, too this haste is totally unnecessary if you're inclined to make instant judgments that are often computer generated,

play draftkings. it will be more fun and lucrative. these though jerk reactions to the headline numbers don't take into account what was said on the conference call when the cfo gives you the forecast in the most important moment of the entire exercise. but the conference call is where all the important information is if you buy or sell before it happens, you're betting to lose money. more on that later third rule, please, don't take your queue from the tape during earnings season i mak most of my decisions without looking at the stock i only check it for validation afterwards i say how wells fargo is going to do on friday and compare to the reality of what the stock is going to do. this is a complicated situation. anyone that takes action immediately, you're guessing investing is not guessing. if you have a view of what you want to hear from a given company, you should forget taking action during earnings' season i believe in buying and holding with homework. if you haven't done the

homework, don't buy the stock. definitely don't buy it because you heard someone say something good about it on tv, including me you need to know how you feel about a company yourself before you pull the trigger you need to know what you're looking for from the results i can help but in the end, it's your call this morning "squawk on the street" we talked about how famous investors feel about the market now they change their mind and often do on the spot so there is not much point speculating in fact, i started my charitable trust and created the investing club to show you how jeff marks, my friend and i arrive at these decisions. it doesn't make them right but shows you how we got there everything we decide because that's what i wanted even if it is of course pretty embarrassing, how can i teach if i don't see or understand why i'm doing what i'm doing everyone else, i mean everyone else plays with a closed hand because informing the public

isn't their job decescription a so darn embarrassing professional money managers, i want you to know how it goes on and what matters is earningearn' season is treacherous. don't make it worse by taking action before you thought through what is going on don't take your queue from the tape or some talking head. fourth rule. if you haven't read the conference call, you won't do as well as the person who has often times, the question and answer session is the single most important part because you can tell whether the analysts are truly happy with the quarter by their reaction to it. if you get a positive question from an animalalyst, you might a potential upgrade the next morning. get two or three conversions on a conference call and it could be time to pass because the stock will get major endorsements finally, rule number five, if you're not a professional money manager and you don't have a gun to your head, you don't have to

do anything. in fact, the best thing you can do during earnings season is read the conference call at your leisure. until you know everything in it that you need to know. then you'll know if it's a good opportunity in a stock because the quarter was widely misinterpreted and that's by the way what i think happened to constellation brands, stz with a stock that cratered last week is working its way back in a methodical rational fashion, which is why we're sticking with the charitable trust this is corona a aa corona these don't usually come out the same day but maybe a day later if you're looking for good information, the interviews on "mad money" with ceos that seen the stocks obliterated are telling. if they're saying they're going to be big buyers with the com company's money or their own, you may have a terrific opportunity. that's what happened when the

ceo of constellation brands came on he made it clear the company would allocate money for buybacks given the huge decline in the stock in the very day session. so that's what you're looking for and of course, you can see so the stock goes down here on an over reaction bill comes on "mad money" and says things are not actually nearly as bad as people think and the stock is working its way back to the point with a terrific piece by one of my favorite analysts from gold man sachs saying it's been misunderstood and time to buy. earnings season is three 12 weeks in the whole year, 12 out of 52, thank heavens it's the hardest time to make decisions because there are so many decisions to make that increases the odds. so the bottom line, be careful, be prudent and no matter what you do, don't be fast. this is a tortoise and a heir situation. take it slow because you want asab on your side.

phil in california, phil >> caller: hello, jim. i'm a first-time caller and long-time listener my question is on tesla. the valuation suggests an incredible growth and the company is a gracious user of cash however the demand for their cars is slowing down and they also have a lot of competition as well with most of these companies selling at around 10 times earnings what do you think of the valuation of tesla right now >> okay. well, look, the other cars are american they have internal combustion engine i see these going away when i look at tesla, it's come down a great deal. it's not one of my favorites but let's remember it is down a lot. elon musk is distracted by twitter but i don't want to count him out and it does make a lot of money you said it burns a lot of cash. the important thing is it's extremely profitable per car jeff in new york, please, jeff >> caller: hello, mr. cramer,

this is jeff from western new york, buffalo bills country. >> oh, my. so great that that young man has come back, isn't it? that's fantastic what's going on? >> caller: the stock i'm calling about is retail stock that's up 50% since october. all three of my kids have asked for their products and their friends at school are wearing it and old guys like me wearing the recently acquired brand, hey dude what do you think of crocs. >> i like crocs. my wife isn't happy with them. they gave me a pair of eagles crocs. it will continue it had a remarkable move and is very, very inexpensive on earnings so crock s is a winner. be careful, prudent and no matter what you do, don't be fast. with the natural gas price collapsing what does it mean for

coterra energy i got the ceo. the action of home builder stocks is flying what gives i'm going off the charts to find out. and come on and join farmer jim as we go off the tape to learn more about back to the roots a company working to change the way you and i think about gardening. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweest. send jimm an email to madmoney@cnbc.com or call us at 800-743-cnbc m miss something head to madmoney.cnbc.com.

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what do we do with the beaten down largely natural gas plays like cramer fav coterra energy we own for the charitable trust. they caught fire after russia invaded ukraine with more limited access to gas, western europe is desperate to import gas from the u.s this is created by the merger of the capital oil and gas. we bought it for the charitable trust because it has a dividend policy and huge yield 10.9%. lately the price of natural gas has collapsed now down 64% from the highs last august and coterra is facing company specific issues. that's why the stock has fallen from 36 in june. let's check in with tom jordan, the president and ceo of coterra. welcome back to "mad money." >> thanks, jim thanks for having us. >> tom, we know that we have a

very low price for natural gas right now but that's weather related but what do you think about the long-term constructive demand for natural gas and oil with the way coterra is set up >> we have a portfolio we have and natural gas is somewhat ironic if you go back a year ago, the forward strip was about where it sits today and we were thrilled then a year ago and today we're hanging our heads because of the year we've had. but prices are constructive on both oil and gas and our returns are really extraordinary at current conditions. >> all right now, you did return in 2022 profiting $4 billion to shareholders including tremendous progress on the big buyback and obviously the cash dividends. do you feel that your properties will continue to allow you to maintain those large payouts >> without question. we have great properties

we like the mix of revenue between natural gas, natural gas liquid and oil we're 50% natural gas. 50% liquid and that gives us stability through price cycles we can never predict the price, go forward but we can control being good at the business, being disciplined in our investments and really managing a prudent healthy balance sheet. so we're in grate shape. >> all right so tom, you know a lot of people question to me, for instance, i'm reading a report recently that talks about the idea of whether there was a true impairment that happened and i'm going to read the sentence the question is 32 to 36% decrease for the shale properties in pennsylvania and 25% of the reduction related to the scc five-year rule the reason i bring this up, a lot of analysts are split about the idea how good cabinets assets were going into the merger. >> well, let me just begin this way. i was just reviewing our economic results in 2022 through

our drilling program and i had the pleasure of overseeing two of the very best economic returns i've seen in my career one was in the permian these are performing extraordinary well and jim, you know it's about investing cap capital. that's how you maintain your cash flow for the long haul and great duration there i would love to answer any questions you have on the reserve issue but these are terrific. >> that does matter. for instance, there is just a wide range of people trying to assess what coterra. an example, we got a report today very bullish that says natural gas accounts for 70% of coterra production by 40% of the revenue but you gave us natural gas, natural gas liquids explain why it's so hard for people to understand the fact that you have terrific two different companies put together with one great ceo why is this so hard?

>> well, one is we don't look like anybody else and people are always trying to put companies in a box and comp them with their peers and coterra really is a new entity. that's why we were excited in bringing the assets together we have some of the best assets in the sector, stability of cash flow and an organization that will go at any challenge we face but what we're hard to compare with others and we get it. we'll have to perform over time and i really look forward to silencing our critics as time goes on. >> i have to tell you one of the critics mentionedto me about coterra, imagine a cold winter in europe and russia had done better in the war, we'd be talking coterra at 50. you've got the worst natural gas market ever and you still intend to return a lot of capital shareholders. >> well, i don't get the let's give tom a break very much, jim so you keep banging the drum [ laughter ] >> all right so let's get back to some of the

natural gas geopolitical situation. where do you see we can max out given the factthat you don't have a lot of pipe coming. if you did, it would be a dream come true for coterra. >> well, the nice thing about coterra is we have great assets in the permian in addition our ability to bring additional gas volumes are not solely const constrained. we do long for a new natural gas pipeline so i remain an hopeful on that. we continue to push that we have a lot of different levers to pull when it comes to growing gas volumes. >> will you continue to buy back stock at these levels or are there natural gas properties you should buy because things have come down? >> well, right now, when i look at the sector and assets on the market, coterra are some of the

best ways to buy reserves. we'll discuss that at our board meeting next month but we remain committed to the philosophy of a buyback and i -- we've talked about that at length it wouldn't surprise me to see our board want to continue to do it. >> and last thing i wanted to know, i was with someone big in your industry yesterday and said well you ought to ask tom are we the most powerful force in oil and gas in the world today >> i think without question. the united states, if you look over the last 20 years and see what happened in the united states when we went from crippled and completely on a melee of energy dependent sto becoming the largest producer and compare to europe over the last 20 years where europe went from 68% depending to 98% to a single supplier with russia, the

united states is at a cap. we have the strongest security of any nation in the planet and support our allies i hope we don't squander that. >> well, i'll tell ya, if it's people like you and bob, i doubt you will you're a great spokesperson as you have been for years since you've behave been coming on th show tom jordan president and ceo of coterra. thanks for coming on appreciate it. >> thank you, jim, always a pleasure. "mad money" is back after the break. >> announcer: coming up, will this year offer a home field advantage for housing? cramer goes off the charts, next

every time you hear fed chief jay powell talk about taking unpopular measures to

meet inflation, you have to believe him. we finally got slowing economic data, terrific maybe the fed will be less aggressive but i want doesn't mean the rate hiebkes are over far from it. maybe a 25 basis points, you know, but there comes a point where i think you and i understand the negativity starts because the market is a forecasting machine, we tend to bake in the negativity long before the bottom, before the fed finishes tightening, for the most threatened by higher rates. stop getting hurt. of course, that's why the attitude on wall street is overwhelmingly negative even though we had a nice rebound since last week and this year is good so far. things are starting to -- still getting worse, though. the fed is not done bringing the pain unless we get a multitude of data points that say otherwise and i'm not just talking about a cooler cpi number on thursday however, that doesn't mean stocks in the impact industry can't bottom we need to figure out if the bottoms are sustainable. so tonight we're going off the

charts with help of long time friend of the show dan fitzpatrick. regular contributor to real money.com. he points out something interesting. we all know the fed is going to keep raising rates to slow down the economy. they say that over and over again. they want to beat inflation. we know rate hikes have the most direct impact on housing because mortgages get more expensive and demand evaporates so you think the home builders would be awful stocks here but the chart should tell you a very different story. this is kind of a strange, strange thing. in fact, every single home builder outperformed fitzpatrick basis some of these are upward of 30% but the action. if you believe the conventional wisdom there is nothing i'm about to show you makes any sense at all look, this is a tremendous time

of uncertainty we don't really know what the big picture of inflation data will look like over the next few months we don't know what the fed will look like. we don't know when jay powell will stop to make them smaller or pause for a bit, wait for more data. sometimes when the fundamentals are unnoble, it makes sense to forget the big picture speculation, the fundamental speculation and just focus on what the darn technicals are telling us, the charts as fitzpatrick sees it, the charts are streaming it's not too late to buy home builders. you should be buying hand over fist check out the daily chart of the dow jones u.s. home construction index, which contains the major home building stocks putting aside everything we think we know about the fed and inflation housing, fitzpatrick thinks this looks tremendous and points out we're looking at a classic reversal pattern okay look at this see. this is the -- we see -- we got the shoulder, the head and the shoulder that's called an inverse head

and shoulders pattern. looks like an upside down person so i like to draw it like that okay and with a lower head representing the bottom between two shallower shoulder bottoms not to be confused with a sham po -- shampoo. you get lower lows and a higher low that signals the reversal is at hand. the idea a series will ultimately turn into a base of sideways trading action. that's what happened at the home construction index from last april through late november. okay so that's what you're looking at where the index finally started breaking out as fitzpatrick sees it, the home builders bottomed in june, all right, right here. and the group finally formed a new up trend in december and see that blue line it's broken out to a new high. so again, this is that long term shoulder then that head and then the shoulder again and it does make perfect sense and it has

broken out it doesn't make sense home builders would bottom. we got negative on everything that gets hurt during the recession during the spring and summer maybe the stocks are too down and out. by the way, they're actually going down a bit of late another counter intuitive thing. as you can see from the bottom of the chart which shows the relative strength index of the home construction index versus the spy, s&p 500 etf this is an incredible out performer. the chart says something good is happening as the hedge fund playbook what we think of when you become a hedge fund manager, it's too early to bottom fish. hedge funds would be shorting the home builders here betting the fed will -- jamie diamond said rates could go up to 6% he runs jp morgan. this would be a disaster if that's the case. so far, it hasn't been maybe the chart senses something we don't in that case he wants to pick the strongest of the bunch and that is lennar, len among the

best front players of the industry out performing 91% of the market with a steady relative strength line it's a clear winner allows the environment. at the same time analysts protecting 2023 will be a down year for lennar. how is that possible usually that's bad for stocks but the chart has been doing really well. as fitzpatrick sees it, there is a very good chance the negativity already has again been baked in and that is really what you're talking about in this baked in i really want everybody to understand that because it's entirely, it's impossible to get your head around it if you think well, right now this is going up when the fed keeps tightening. channel -- this is lennar daily chart. fitzpatrick notes the stock bottom last june, okay last june. and is now won more than 50% of the lows high volume reversal in june this is where you check the volume see that after getting clobbered. lennar came roaring back with a massive volume spike

and that means we had emphatic buyers and those buyers were right. back in october when the s&p 500 printed a new low and everyone was terrified the fed would have to obliterate the economy, lennar was up 12% from the june low. this is rather incredible. take a look at this. tells fitzpatrick there is a strong demand for the home builder. that's not all he likes all of lennar's key daily moving averages are headed higher with a 50-day above the 150. the 50 is red. that's going above the 150 and get this, the 150 is above the 200. that's exactly what the charters like to see because it signals we got a healthy up trend. 200 is green this -- the blue just passed that that's very important. fitzpatrick identifies four key phases of the move lennar broke out above the key moving averages in late october. we can see the breakout. second, the stock broke out of the base in early november break away okay at that point, lennar topped out

at $90 and you can see that this is the $90 level creating a new ceiling of resistance 3rd of december it blew through the ceiling as we got more encouraging data the $90 ceiling becomes a floor. okay lennar held at 90 and pushing higher to 96 that changed as of today confirming the up trend. look at this this is when the fed is having the most aggressive tightening in its history while fitzpatrick would like to wait for a pull back, he thinks you might not get one. that's why he wants to stick with lennar unless it breaks down the 50-day moving average up 50% from here in which case, yes, his thesis is done for. so it's got to go down below that let me give you the bottom line of the counter intuitive segment. the chart is interpreted by dan fitzpatrick suggests week looking at a truly counter intuitive bull market and that's not supposed to happen at this

point, the bulls keep running anyway maybe it can continue with lennar being the leader and the one to buy let's take calls let's go to bob in new york, bob? >> hey, jim. a few weeks ago, you were speaking with berry of starwood and at that time you mentioned that you would be running to a stock. a short time after that you did an analysis and thought highly of matters a glaring omission in that analysis with starboard and i can't square that circle can you clarify for us. >> great question. what happened is i became a little more queazy about commercial real else state given the fact that given a lot of buildings people have in the city are kind of emptybecause of the way that the work from home movements occurred. i still believe in, berry, i want berry to come on the show and break down star ward properties did it once before and immediately went to 24

barry sternlick is always welcome. he's the ceo of starwood property and i would love to have barry come on to answer that exact same question just asked. the charts are interpreted by dan fitzpatrick suggests we're looking at a counter intuitive market in the home builders and lennar, len could continue being the leader and the one to buy much more "mad money" ahead including my sitdown with the cofounders of back to the roots. company helped 5 million families grow their organic root i'm hoping to tune out the distraction and focus on what matters in this economy and to your holdings, of course, your calls rapid fire in tonight's edition of the lightning round so stay with cramer.

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we got the great fortune of being able to do this show for nearly 18 years and one of the most rewarding things for us is when we see a company we pr profiled grow up into something major in an industry so near and dear to my heart, gardening. back in 2016 we spoke with a company called back to the roots, a privately held startup selling indoor gardening kits and ready to grow products with argan in organic ready to eat food. six and a half years later, sales have grown to $100 million. in fact, it's expanding to become a full service outdoor gardening company. yesterday we had a chance to catch up with the cofounder and co-ceos of back to the roots take a look.

welcome back to "mad money." >> thanks for having us, jim. >> excited to be back. >> you were here 2016. >> yes. >> wow. >> what were your revenues then and now? >> we've grown quite a bit, jim. we've gone -- we were roughly $10 million company back then. we've grown 10 x in terms of consumer sales it's been a crazy last few years since we were on, we're super excited to be back. >> and i can tell that you are no longer just indoor. you got a lot of things going. give us the big plan. >> we expanded from indoor gardening kits to outdoor. 100% organic with focus on sustainability and have organic pete free soils, vegan, 100% plant and mineral based fertilizers. make it easy to grow organically. >> my wife would say if it's organic, it's too expensive. >> yeah, that is in most

categories, that's actually the case where there is a premium to be able to grow organic food or any category with soil, it's actually really a cool opportunity we have our soils at a discount to conventional soils. >> you're telling me that -- because you know i'm a gardener. >> yeah. >> a pete free actualdirt is - >> 100% organic, jim. >> is cheaper than the other stuff that i buy. >> that's right. >> national -- we have national manufacturing now so obviously, it's got to be blended all regional to be able to get to the economies of scale what we've done now and really have done over the last couple years. >> i did the mushrooms and they were delicious. >> i love it. >> these are what i plant in my, you know, i've got one whole box just for spice and my tomatoes these are all -- this is your next gen line. >> we have over 100 varieties of

organic seeds, flowers, leafy greens really focus on edible gardening. a huge transformation. this category was stag innnant r decades. >> yeah. >> younger people coming in. people growing edible food, not just lawns and huge focus on sustainability people wanting to remove t toxicity from their garden it's fun to see the transformation and what we've been doing the last ten years. >> we've been at this a decade we feel this is our warmup. >> overnight success people hear this and say wait a second, have they compromised? have you compromised on values and i see you are a b corp, meaning that is the seal of approval. >> we -- yeah. being a b corp is so important for us sustainability has got to be accountable and measured what we love about the b corp, it's measurable and one of our partners, walmart launched this

project letting suppliers track their emission savings we're a project guru the highest level of sustainability achievement. three years running. any opportunity we have to lean in and measure and track our sustainability met trrics is important to us. >> i know it's still too far from gardening season but when i get there, where do i get to get the products >> this is crazy we started in 2016 we've reached 15,000 stores and what makes us proud is the opportunity to make accessible to all we want every single family, every single kid, jim, to be able to garden at home. >> you're right. what happened to the magic mushrooms, i know they're not that but delicious still doing it >> yeah. we have a whole line of indoor grow kits you can find accessible at your local store one of the things, too, the grow kit line and really just got us into every single home, every single classroom in america and

jim, we talk about this is about the next gen as well we want to get not even like millennials. we want genz one of the things we partnered with target and wanted to play it live with you but didn't have it ready but wanted to get -- we have a fortnight and target parp paranear ship. we literally just launched a video game around urban gardening. let's get kids and genz to get excited about gardening. >> missed that look, everyone knows i'm a gardener i did the mushrooms. it was absolutely terrific i'm so excited you're doing this this matters greatly not just for people who have never gardened, this is where you start. for gardeners like me, this is the stuff we've been waiting for. co-ceo and co-founders of back to the roots -- >> jim rch, can i say one more thing? next gen, 5 and 6-year-olds. so literally this may, we'll be

going -- have you heard of the home depot's kids workshop >> yes. >> 500,000 kids will be out there and we're donating kids over 10 seed packets per kid so 500,000 kids will be growing 100% organic seed packets. >> i'm so proud of you guys. doing it all right "mad money" is back after the break. >> announcer: coming up, cramer wants to hear from you your calls on the thunderous lightning round, next. how do we show strength and stability? (eagle call) a mountain? a tree weathering a storm? (thunder) lions? nope. (lion rumbles) we do it with our people. osisko development is a premier gold mining company with a

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it is time, it is time for

the lightening round say the name, pie, buy, buy and play the sound and then the lightening round is over are you ready, ski daddy time for the lightenning round start with carter in maryland, carter >> caller: hi, my name is carter i want to say hi to my business teacher mr. mark nvidia >> nvidia is a terrific company but sells at a very price earnings multiple and we have stocks that sell at well, well above average price marketers so we -- lte pulled back for the charitable trust. still have some, though. let's go to mark in new jersey, please, mark >> caller: hi, jim. >> mark. how are you? thank you very much. what's on your mind? >> caller: okay. i'm looking at your position on ev ghost stockg term. >> i would love to recommend it.

i was going with ben about the charging stocks but our biggest fear is again, losing money and does not fit our criteria anymore more what we recommend on "mad money. let's go to richard in new york, richard? >> caller: hi, jim, happy and healthy new year to you and your family. >> thank down, richard, same to you. what is going on >> caller: calling about aqua power and utilities. supplier of gas, water and renewable energy for canada, chile and bermuda. they lost the earnings estimates. the stock has -- >> right, i know when they missed -- here is the problem. that stock yields 10%. that to me unless it's an oil gas company is a red flag. i cannot just say i like it. that's that level i get nervous. let us do more work and come back i need to go to brad in minnesota, brad? >> caller: hi, jim i like your show. >> awe, thanks, brad, thank you

for calling. what is going on >> caller: i know a lot of insiders get this. >> i used to really dislike this company. i felt they were problems and i didn't think kelsey had a real good handle on finanfinancials e.t. is a very good stock. i can't believe i've said that but times change and it's become a better, better stock and i'm with you on it i think it's done a good job let's go to joe in illinois, joe? >> caller: boo-yah, jimmy. >> boo-yah boo-yah, joe boo-yah. >> caller: i like your stocks on medical property trust thank you. >> this one i don't like that particular part of the real estate investment trust. i think they are too high yielding, which therefore causes me to be concerned that they will not be able to make the distribution that happens to be the way i look at them it a broader sweeping way but it

has kept me out of trouble over multiple years let's go to mark in massachusetts, mark? >> caller: boo-yah, jim from massachusetts. how are ya >> excellent doing fine how are you? >> caller: very good wanted your take on a massachusetts company acls. >> just reported unbelievable numbers. i got to tell ya, some of these companies in this business are doing amazingly well and you have to hand it to them and end the negativity when they're doing well and that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightenning round is spon sosored by td americary friday coming up, there is something new every day. cramer shares an approach of the market tailored to you, next

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let the data develop and forget the endless commentary. the u.s. economy is not a game it's going to do what it's going to do and it's meaningless for anyone other than powell every day we get some sort of update about it, some piece of data some fed official that impacts bonds and the stock market it's a very compelling parlor game and inspires concentrating, gives people like me an endless swell of content let me ask you, is that what we want should we really try to guess each day out much the fed will tighten or tighten at all? do we truly want to figure out

what jay powell is likely to do from scratch every single session? that feels more like investing it's why i started the show tonight how to handle earnings, not how to handle today's last half hour of trading everyone has an opinion but this chatter is a foolish guessing game you're much better off searching for quality stocks that work regardless of what the fed does. if you play this parlor game, you're liable to be captured by fear and miss the main chance. we know the fed said it depending on the data but want to err on the side of stamping inflation. that's what the staff says each time the market reacts because somehow regard as new information, frankly, that is just silly the real information comes from the economy itself jay powell is not going to stop or even pause the rate hikes until he sees disinflation that's what he's told us take the man at his word for heaven sake. commentators act like every

piece of information is a game changer. last friday, we got three different software macro numbers lower than expected wages, slower factory orders and a weakened read on the economy for a couple days heard about the importance of the numbers non-stop and forgot them entirely thursday we'll get a new consumer price index number, either too hot or not. we'll have another wave of commentary about what the fed will do. maybe it will be completely -- maybe will undo the rally from last friday and spare more speculation what will happen next i say this is all an idle guessing game and should stop. the data will come in as it comes in the fed will make its decision the way it wants to. i don't know a soul who is correctly predicted all of jay powell's actions during this tightening cycle, however, i do know hundreds of people that got it wrong including fed presidents, governors current and former and most importantly, a host of billionaire hedge fund managers the data is the data people are predicting a minus

0.1% number for the month over month cpi reading. ter terrific if it comes positive, lots of commentators tell us it's doingble too hot. 0.5% or more, we'll hear the fed really needs to crack down because it's crazy out there be ready for a crash landing here is what you really need to know we're trying to own not rent the stocks of companies that make real things and do real stuff at a profit we want companies that return some of those profits to shareholders we want their stocks to be priced relatively, let's say, reasonable to the market that's the plan. if a given piece of data allows us to invest in a company that fits that criteria we'll buy it for the charitable trust. if not, we'll hold off that's it. that's called investing. don't play that part of the game investing great companies sk don't let nonstop fed speculation keep you from doing that

believe me, the chatter probably kept more people out of good stocks than in them so don't be confused do not be scared find things you like and let the market come to you there is nothing more to it. 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 tomorrow sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ with a better solution to a school-day dilemma. hi, sharks. i'm cyndi. and i'm paul. and we're here today seeking $150,000 investment in exchange for 15% of our lunch-box company, yubo.