buy. >> all right that does it for us on "fast money. what a fun show tonight. >> a lot of games. >> we have all sorts of stuff in the hour thanks for watching "fast. see you tomorrow at 5:00 "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'll cramer welcome to "mad money. welcome to cramerica other people want to make friends, i'm trying to help you make money my job is not just to entertain but educate and teach you about what's going on in these crazy times so-call me at

1-800-743-cnbc or tweet m me @jimcram mrks e@jimcramer tomorrow morning i think we'll need a weather man because if we get a good consumer price index number, showing the economy is cooling, there's a strong chance it could help us come up with a better forecast. that's huge. most money managers believe the forecast could be weaker it doesn't have to be that way, though, which is one reason we rallied nicely today with the dow gaining 269 points, s&p advancing and nasdaq climbing 1.76%. it was a very broad based rally. done in the vacuum of course of no news whatsoever let me show you a root that could produce a positive outcome for stocks what happened last year working backwards to figure out what the future might hold. i mentioned it might need a weather man tomorrow because

stocks tend to go down when companies face headwinds and they go up when those headwinds turn into tailwinds. we know last year's market was horrendous, worst performance since 2008 and one of the worst since the s&p 500 was compiled but you may not realize there were two markets you had huge losers with the mega cap techs, software, spacs and recent ipos and on the other hand, pretty much everything else for most of the year, the whole market lurched lower together and selling only got worse after fed chief jay powell made a big speech at jackson hole he picked the place to drop the hammer that's what invest gors raised

rates aggressive ly there was one hope going into the event, mthe market rallied since mid june, the market began another sickening slide. they never found any footing i think there were too many of them they were too expensive. nothing in the way of catalyst to get them rolling. they kept getting clobbered and in a lot of ways, they really deserved it because they made so much money but the others like the industrials and banks, they were also in free fall, too housing stocks were hard hit these are companies that are heavily reacted to the fed they had no under pinnings as the pfed released higher rates. that's what investors figured

out powell seemed eager to take on inflation and play tougher than most people gave him credit for. it resulted in one of the worst periods for the stock market the selloff began to threaten the recession with consumer products like coke ol' la or pep sew because the strong dollar was so detrimental to the business i like when they would say ex the dollar, contain the dollar, nothing. it didn't work people sold stocks because the dollar went higher but then the clouds parted. and some of the head wimts turned into tail winds in the middle of october and we saw encouraging inflation data and the fed let it be known we were in for another 75 basis point rate hike, after that they considered scaling back the pace and size of the tightening since then we had a totally by

f -- biforcated market. the companies that make things and do stuff at a profit with relatively cheap stocks saw their shares sore. it was incredible. it was a bull market within a bear market. this portion of the market had a great run since mid october. you know what is still going strong it made plenty of sets the headwinds turned into tailwinds and the dollar peaked and began a fall the same with the yield on the ten-year treasury and supply chains began to adjust the fed succeeded in slaying the commodity beast so the endless forecastslashing because of th strong dollar because of the declines in how things were being produced and the predictions and how higher rates would hurt things, well, they all got tempered even the supply chain. i can't believe they settled

that the amazing thing is despite the down beat returns we got for the overall market, industrial finished stronger. i call it the mighty dow the most exposure to stocks impacted by interest rates by the dollar and commodity prices. it had the most headwinds into tailwinds of any of the indoe sees given the banks started reporting friday, it's important to point out they had been reacting not to how much money they make off your deposit which is a lot but instead how many bad loans they might get hit with if the fed slams the brakes on the economy and banks do better with more loan demand in better shape if the fed doesn't have to raise interest rates as aggressively as we thought now, the fed was with a 50 basis point hike in november and it's working as we saw last friday when we got the weaker than expected wage inflation weaker factory orders and service data. so what makes tomorrow's consumer price index number a

big deal simple we're looking to see if we're nearing the end of the many period where companies can raise prices with impunity without losing market share. we're also at a moment where many stocks caught fire because we're in a news vacuum right before earnings but novak couple w -- vacuum with jp morgan, citi group and bank of america and wells fargo. the bank stocks bottom when interest rates peak. i'm talking about the ones set by the bond market if they spike in response to cpi, i bet they will go down and stay down no matter what they say. that's why we need a weather man to tell which way the wind blows and interpret the data because unless inflation is coming down in all the right places, this earnings season could be rough i only wish we had a good read on wages the best to hope for is the constructed monthly wage number last friday so let's put this together at the same time the banks, the

industrials, the home builders and even the consumer package goods stocks managed to roar higher, thanks to lower rates back in october that our supply management and weaker dollar mega cap tech and friends kept going lower they om started coming back once the new year got rolling and tit closed. it was confusing to many people because they expected tech to go higher with everything else but this group performs poorly where central bankers around the world are slamming the brakes. here is where it gets really difficult if inflation is low enough maybe the tech and industrial rallies can continue. inflation isn't tame, i think the tech started another down

move how about the rest we're projecting big macro numbers but starting friday we make judgments about individual stocks, not broad groups and it will begin to be every company for itself let's go to arthur in new jersey, arthur >> caller: hey, jim, boo-yah from mountainside, new jersey. >> man, great. fantastic. you're like ten minutes from me. what's going on? >> caller: i want to first say happy new year to down and your staff. >> thank you and i'm certain my staff feels the same way thank you. >> caller: my question for you is zillow is now a good time to buy or should i just keep the bottom and wait for a lower price? >> wait for a lower price. they screwed up. they made a bit of recovery but i can't get behind zillow in part because it's too connected with the housing market. we saw kb homes tonight report a not great number i think the housing is okay. i'd rather have you be in other industries starting friday, it's every

company for itself on "mad money" tonight, the market is punishing the fang stocks recently so is it time to d disintangle this acroacronym? i'm finding names atrtractive based on their peg ratio and tech company and can the up trading continue i'm finding out straight from the ceo 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

misso misso miss something? head to madmoney@cnbc.com. man: i'm not slowing down anytime soon. that's why i take osteo bi-flex every day. it's clinically shown to improve joint comfort in 7 days, and continues to improve over time. kinda like us. osteo bi-flex. because i'm made to move. if your company actually practices the values that it posts about, then, yeah... you're on team earth. only at vanguard, you're more than just an investor you're an owner. that means that your goals are ours too. and vanguard retirement tools and advice can help you get there. that's the value of ownership.

like i said at the top, we're in an almost unfathomable moment containing inflation, we don't have a clear picture of how that's going to play out we don't know what will happen tomorrow at 8:30 with the cpi. trying to speculate is a fool's game but that doesn't mean it's not important to have an informed world view. at the same time, we're headed into what could be an ugly earnings season. maybe some of them won't be bad at all when it's tough to get a good read on the picture without being emotional, i like to fall back on the charts because at least they can give us a more quantitative less emotional

sense of what is going on and that's needed in a super charged environment with a couple great days everyone getting excited. tonight, we're running an off the clharts special edition with the legendary top tech in this case and an expert in the space since i was struggling my way through puberty. i didn't really struggle all right. larry has wrote a dozen books which you can find on his website, which is i really trade.com. he's a master of creating forecast his 2023 forecast is now available on the website if you want to see more, it's worth doing. it's an amazing read most important, his record for us has been speck taspectacular. in 2020 when everybody was running away chicken little you know that kind of thing as the market had really bottomed since then, he's made early accurate calls that consistently

made you money so we can't resist going back for a 2023 special look to see what he's saying what does he see going forward you know what? let's do what i like to talk about. a group that's become unfa unfathomable let's start with fang. facebook is meta and google is alphabet we on "mad money" created this a a a decade later the fangs totally collapsed and got worse towards the end of the year and the overall market bottomed as i said at the top, the fang stocks kept working lower frustrating investors that stuck around too long. remember my take, the fangs used to be secular growth stories the economy that could deliver great numbers no matter what even during a slowdown we assumed they could keep roaring because they were taking so much market share from the old fashioned competitors and that

was true five or ten years ago but so much market share to take and when the economy slows, we'll look out now the fangs have become the old line i think they originally sought to replace them and now they are them. they're no longer s er secular t stories and hostage to the border economy, especially advertising like meta and alphabet and got the up and coming competitors it's not easy to talk about. new reality, the stocks have been pummeled but these are huge companies weighted very heavily in the s&p 500 and when you talk to people, they are popular among home gamers. check out the daily action williams sees netflix is the new leader of the gang of four, such a clear case, right? it began with the october bottom going to the bottom. the rest of the fang family is making new lows.

netflix is making a higher low not only did it do better bordea great quarter and great slate of movies in series and that's really, really helped them that's what williams says you need to disintingle the fang names. they don't belong in the same boat he's a big believer in buy what is strong and sell what is weak. amazon and alphabet despite today's action are weak with the rest of tech but let's not get too far ahead of ourselves even though we own these for the charitable trust, netflix is very strong with meta platforms somewhere in the middle. to williams, this is not a case where they will catch up if you win fang exposure, he thinks this chart is screaming that you should stick with netflix or meta but not amazon or alphabet. next up, let's look at the daily

chart of the action of the s&p 500 during early 2021 and 2022 incredible williams points out every single major rally you're feeling it, lasted for what? for 24 days. 24 days. 24 days. how is that happening? isn't that amazing that's it. every single time. technicians often look for the symmetrical moves and while never really explain why, it doesn't really matter. look, it can't -- it is not random these -- they did not throw darts. this is not just paint it's not a jackson and look, this pattern held up during the second half of last year when things got really ugly check it out a 24-day rally in july in august a lot of people got sucked in right there, okay? another 24-day rally where if you stay with the fangs, you did terrible but some of the stocks actually held in there the industrials at the top

so where are we now? look at the recent action the s&p 500. we just started a new up trend here and according to williams, 24 trading day pattern holds, this move should keep going until february 3rd and he wouldn't be surprised if it lasts longer because williams thinks we're in the early choppy phases of a bull market. to him, most of the bad news got baked in last year which sets us up for a better time in 2023 now, here is a bull. here is a guy that's actually bullish. not listening to mike wilson those people come on and say it's the end of the world and the fed this and that. he likes it. forecasts based on cycles. for example if the cycle holds and most of the time i see his cycles hold, he sees the s&p moving higher with a slight dip or stumble at the end of this month. then he sees blastoff.

that's right to an early march high we're here come down here well, you want to be in there or not? i don't want to miss that move i know that even with the nice rebound over the last weeks, the attitude on wall street remains negative but man, it and not pay to bet against this man, larry williams especially when he's making a bold call like this one. those are his best here is the bottom line, the charts as interpreted by larry williams, the dean, the dean of this kind of anal sils and h-- analysts, historical market and netflix should keep working along with it. "mad money" is back after the break. >> announcer: coming up, he's a lean, mean, scream machine cramer shares results from a stock screen you can't afford to stock screen you can't afford to miss, next.

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this year is off to a great start but you can't afford to get complacent the analysts earnings estimates for 2023 seem way too high for me for some sectors especially in tech. i'm betting h many companies wi have the forecast and analysts will have to slash full year estimates with a fed induced recession caused by multiple rate hikes it will be tough this is when we need to stick to the long-term strategy for a market where the fed is tightening i'll tell it to you again because it matters we want the stocks of real companies that make real products that provide real services at an actual profit while i do in returning some of the profits as shareholders,

you, dividends and buybacks, just as important we only want those stocks with reasonable value. it has very little for the meltdown the biggest mistakes last year was thinking that profitability was the stock had to be and the great rate was a death sentence. so tonight, tonight we're running stocks looking for quality names to buy for 2023. okay and centered around what represents good value, specifically looking at what is known as the price to earnings to growth rate or the peg ratio for short. i love to teach. you know that. this is something we all have to learn. the peg ratio, p-e-g

it's a beautiful metmetric take the price to earnings multiple, the textbook way to value a stock versus others and divide it by the company's earnings per share growth rate i'll tell you whether a stock is cheap or expensive and matters when you're doing any exercise about what stocks to -- how they look and compare whether to buy them it's nothing fancy i don't want to scare you. this is simple arrhythmia. it could be justified if the earnings growth is fast enough so we look at the peg ratio to identify potential opportunities but don't forget investors try to hide from the high peg ratio stocks at the end of the year as they love them so far in 2023. to run this stock, they removed every single company that's

expected to lose money we don't want losers we want profitability. first and foremost then we took out everything expected to have negative earnings growth for 2023 we don't want companies on track to have a down year. put that together and gets us to 376 stocks make it tougher. we took out anything to have subgrowth and took out anything with a nose bleed price to earnings multiple, that's the p.e. we don't want high p.e the peg ratio is important this market hates anything with a high price earnings multiple trading out. at the same time, we don't want anything where the price earnings multiple is too low a low multiple is what wall street sddoesn't believe the estimates. we cut anything trading at less than ten times earnings. it's with 227 stocks

time to get even tougher anything with a dividend yield less than 2% because we love dividends. remember how much of your gains over time are created from running -- rolling them in, rolling them in, leaving the dividends run. that left us with 77 stocks. now, on that group we ran a peg ratio screen we dropped anything with a peg ratio above two, meaning any stock where the price earnings multiple is twice the growth rate don't pay twice the growth rate for anything remember that final criteria if it's expensive, the market doesn't like it. at this point we had 40 names left and that's enough to pick out some of our favorites. not easy to get to 500 to 40 is it let me give you my top five s&p stocks that passed through this incredibly difficult rigorous

peg ratio gauntlet first, cisco, sysco. the s-y one. it's been more of less range bound for the last year. right now it's trading atless than 17 times this year's earnings with a projected growth rate of 14 that gives it, do the math, a peg ratio of 1.2 that's cheap you rarely see the peg ratio go below $1 at the same time, they've got a real great story not only can cisco pass on the cost of food inflation to the customers, these same customers are benefitting from an urge to dine out that doesn't seem to be going away even as the economy slows. that entertainment budget is still high plus, it's got nearly 2.5% yield. i love that there is such a lack of competition i like the fact that you can take that 2.5% yield and reinvest it and you almost have to use sysco the company if you're in the restaurant

business next up, one i hardly talk about, johnson controls. they make heating, ventilation and air conditioning systems called hvac secure si ity syste, building maintenance stuff some people are squeamish on this thing for non-residential construction because roughly half their business is from servicing existing equipment i love that annuity. you know who else loves? it jp morgan's critical industrial analyst and that matters to me. he's very good the stock trades at under 17 times earnings, 14% growth rate. 1.2% peg ratio i think it works this year many financials made the list but my favorite is morgan stanley. i like it so much we own it for my charitable trust you can follow along by joining the cnbc investing club morgan stanley spent years transitioning from an investment bank to asset management play,

much steadier business, much less risk, still, it's also hostage to the markets, last year's stock and bonds got crushed so morgan stanley's assets took a real hit and obviously, the investment banking business is awful for everybody. i think 2023 will be a recovery year for morgan stanley if the fed stops tightening in the second half. hard to imagine them doing worse than last year they are making a comeback and if they can hit the consensus, they have a peg ratio of less than .9. as the stocks rallied from below 75 in october to $89 now, i think it's got a lot more upside although you might want to wait until after they report next week number four, one i don't talk nearly enough about but should because it's one that i really like, ralph lauren i know apparel has been a dog thanks to a broad based in inventory glut but the strong quarter in early november nobody paid attention to. they can do much better than the

rest of the sector because merchandise to the on going return to the office that said, the real opportunity for them is overseas raffle ralph lauren's asian business was up with much of china still under lockdown like morgan stanley with a peg ratio of less than .49% makes ate bargain relative to the growth rate and that 2.6% yield is the cherry on top this one has become my favorite apparel stock for its consistency and excellent management finally, there is vici properties which is a kacasino real estate owned with high-end golf courses and wellness retreats this is a gaming play that's safer than a casino because it's always safer to own. just own the landlord and the peg ratio is very low here because the stock sells for less than 14 times funds for operations even as they're

expecteded to deliver 69%. i recommended it repeatedly and like it up here. it's got a 4.65% yield always reinvest those. bottom line, as we kick off 2023, we want the same thing we did last year high quality companies to give us growth at a reasonable price and talking about companies like sysco, johnson controls, morgan stanley, ralph lauren and vici properties let's talk to dave in illinois, d dave >> caller: dr. cramer, congratulations on your eagles earnings, the nfc number one play-off seed. >> i had a lot to do with it appreciate you singling it out and making clear everybody knows exactly what role i played thank you. >> caller: jim, asia pacific index, k web and hsi tech are all up significantly in the last three months as china relaxes its strict covid and consumer

buying policies. alibaba is up out performing large cap u.s. tech stocks so jim, is it time to make an exception to your rule china equities are uninvestable and pivot to the magic carpet ride of ally baba >> they're just going to have to do without me. i think it's a manipulated market doesn't mean it can't be manipulated up i happen to think bitcoin is being manipulated up and solanr, whatever it is, i think she's a cousin of mine anyway, in 2023 we want high quality companies to give us growth at a reasonable price s k

sysco, ralph lauren, vici properties and maorgan stanley. >> fortunes were made and lost on tesla but the real disaster, the constant hunt for the next tease la i -- tesla and calls in tonight's edition of the lightning round so stay with cramer. sla and cals edition of the lightning round so stay with cramer.

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♪ every search you make ♪ ♪ every click you take ♪ ♪ i'll be watching you ♪ - [narrator] the internet doesn't have to be so creepy, the duckduckgo app, lets you search and browse pria blocking most trackers all forf your search history is never tracked, so it can't be shared. and when you leave search, duckduckgo helps keep companies from watching you as you brows. join tens of millions of people making the easy switch by downloading the app today. duckduckgo, privacy simplified. in the last couple months we seen a tremendous rebound from the shares of masimo corporation best known for the pulse ox and monitoring systems this stock got a big boost during the covid era and plummeted last year as the world went back to normal.

part because it was a high multiple stock and in part because the company is an acre session of a consumer technology company that the market didn't care for since then, we got a series of strong results paired with consecutive forecast including the most recent quarter in november where masimo reported tremendous readings with a weak outlook so the stock fell 10% in response to a 52-week low but the number was good and bottomed since the november lows, it has come roaring back from 108 and change to 156. some because they have a bullish invest tore day and also doesn't hurt they just won an international trade commission judgment versus apple yesterday although there are plenty of apples ahead can it keep climbing let's check in with the founder, chairman, ceo of masimo. welcome back to "mad money." >> thanks for having me, jim good to see you. >> okay. so joe, let's catch up because during the pandemic, you were

the gold standard. i know that people like i used your pulse ox. you go into a hospital and there was all your equipment to make it so the doctors didn't have to go in and nurses didn't have to check, certainly lessoned the likelihood of catching covid catch us up since then you've been making very big moves. >> thank you first of all, we were there when people needed us our technology made a difference a study just came out that said when people use our technology to send people home to remotely monitor them for covid, they reduced mortality by 70% and saved over $11,000 a patient that along with the market telling us we're the only thing real out for telehealth led us to be more aggressive

towards the personal health and health sector we see at home and with it, we have just introduced this product i'm wearing called w 1, the first wearable continuous pulse oxometer to save lives and help people get in shape. >> let's talk about other things i once had to do a sleep study joe, $20,000 to do exactly what yours does $20,000 not covered by insurance. some of the hearing things you're doing, fortunes and yours are much lower prices. talk about those they're breakthrough and insurance companies are not helping where you're getting the job done. >> absolutely. investor day we gave a peek of what is coming first of all, we have a product coming that will be used for babies when they come home at risk of sudden infant death syndrome, about 5,000 babies die a year from this this is the first accurate

continuous monitor for pulse ox with temperature and camera that parents can use. secondly, we are very, very interested in improving people's listening and hearing by acquiring bowers and wilkins incredible audio brands come pining it with their adaptive technology we have a technology now that allows air buds and headphones to send a signal automatically to your ear canal, know which frequencies you have lost hearing or need more help with and enhance those frequencies so you can listen better and eventually you can hear better, we plan to have an o ttc plan f better listening and go through the fda for a product that helps people hear better that's about a $50 billion market that we hope to address also, with the wearable that i

just spoke with, the first of its kind, not only does continuous and accurate pulse ox, that's another $50 billion market we're about to go from $10 billion to over $170 billion tam by entering this new consumer health sector. >> that's total adjust able market i got my apple watch i got your watch here. look, there is great features to it no doubt. i always said to people, listen, own apple stock, don't trade it. that's because i'm quite ena enamored of every product. great technology all the other markets you mentioned, there isn't anyone that can touch you why go against these guys on this business. joe, there are big companies, a lot of resources and very good at what they do. >> well, apple is good at taking other people's innovations and repk repackaging them. >> come on, joe. >> i mean it

not just masimo similar situation, tile. the list is long. >> no name calling no name calling. let's talk about advantages you have versus apple. let's do that. >> i'm stating the facts i'll give you another fact we studied our watch versus their watch with pulse ox and we just won the itc case against them at the first step of couple steps to go, we did a destat study and bring in volunteers and had them desaturate. they missed 94%. we caught 100% of those events and accuracy better than 2%. this is a bigger delta than we entered the pulse ox space we're the leader of launching 200 million people a year worldwide in hospitals our delta is bigger. jim, there is a third of our

population with chronic illnesses where they need something real something serious that they can rely on for their health. >> fair enough look, we'll leave it at that i have my apple. i won't necessarily change my view i like the fact that owe is trying to innovate and help more people's lives and we're always in favor of that and everything that he's done is the right -- done with the right thing in mind personal health and taking control of it. i want to thank joe kiani, the ceo of masi. we've used his products during the pandemic and back with a whole set of new ones. thank you for coming on the show. >> thanks for having me, jim ha happy new year. >> happy new year to you "mad money" is back after the break. coming up, cramer wants to hear from you. your calls on the thunderous lightning round, next.

- hi, i'm steve. - i'm lea. and we live in north pole, alaska. - i'm a retired school counselor. [lea] i'm a retired art teacher. [steve] we met online about 10 years ago. as i got older, my hearing was not so good so i got hearing aids. my vision was not as good as it used to be, got a change in prescription. but the this missing was my memory. i saw a prevagen commercial and i thought, "that makes sense." i just didn't have to work so hard to remember things. prevagen. healthier brain. better life.

it is time, it is time for the lightning round. buy, buy, play the sound, and then the lightning round is over are you ready ski daddy? time for the lightning round start with salmon in colorado, solomon? >> caller: hey, how are you doing? >> doing well. thank you for calling. what's going on? >> caller: i got an oil and gas company, the ceo owns sa15% of outstanding stocks and i think the dividend will go higher by 20, 20, 30%. company is black stone minerals. i was wondering what you thought

of it. >> i like this situation but i like oil and gas that is a yield. typical of some of the better oil and gases insiders have been buying i think you have a good situation. let's go to don in florida, don? >> caller: boo-yah, jim. >> boo-yah, don. what's happening >> caller: i'm a member of the cnbc investing club and love the new home stretch to see what you're thinking before the end of the game. >> thank you the home stretch around 2:30 i'm pouring my heart out for this club. what's going on? >> caller: love it love it. you recommended may last year 50%. what do you suggest i do >> they made good presentations the other day. j.j. is doing a terrific job hold on to that. really good reports. like j.j peter in new jersey, peter >> caller: hey, jim. how are you doing? >> i'm doing well, peter, how about you? >> caller: good, thanks. long time fan of the show. >> thank you. >> caller: i'd like to get a

rosy outlook if you can give it to me on company called kura oncology. >> this is a personalized oncology some will work and some will not but you have to understand the risk reward is interesting but only on one of those and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade coming up, there was money to be made by tesla's ride to prosperity and lessons to be learned in its wake. stick with cramer.

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what can i say about tesla this stock made people a lot of money. and then it lost people a lot of money. tesla run from around $15 in october of 2019 to nearly 415 in november of 2021 truly historic.

it made fortunes and established several money managers as visionariries if many of them are looking like one-trick ponies but since then tesla cost investors millions of dollars inspired by some genuine weakness in sales, coupled with the endless stock sales elon musk needed to raise enough money to pay for his acquisition of twitter hey, by the way, as a user, i think twitter is doing fine but that was a terrible business decision now, i think it's terrific if i can that tesla could make so much money for people on the way up it's a living testament to the fact that picking individual stocks can be much more lucrative than sticking your money in an index fund providing you sale them once the valuations reach absurd levels in the end, tesla is a car company and in 2021 its stock transcended the auto industry as the underlying business hadn't if you only look at tesla itself, even after this horrific last year, the long term gains

are still enormous the worst thing about this stock it spawned a whole cottage industry of finding the next tesla. and that's where the real disasters came from. the public lost hundreds of billions of dollars in search of next tesla this is a great cautionary tale you must learn understand how the game works. when a company like tesla comes up with a profitable invention, it creates a halo, inventors including those who worked with musk pitch ideas to venture capital firms and the guys shower money on the idea of what an electric car might look like. they don't know what else to do with the money they got invested the clock is ticking they got two years so why not hunt for the next tesla? given how well tesla was doing at all times, it seemed like a reasonable hunt. but finding the next tesla was always impossible because the best things about tesla were

that they didn't have any serious competition and well, tesla -- tesla had elon musk once there is a second player with any heft, nobody is tesla. that would be a high quality problem for most of the i'm imitation because none of them look to go that far. it pretty darn discouraging. rivian down, fisker down, mikala lost 97.5 one, fraud leulent on. reliant down 94% lightning e motors down, lord town motors and future intelligent electrics down 97.7. i got to tell you something. that's nothing short of disgraceful. but it's exactly how wall street works.

speculators were so chantransfid they would take risks and investments were thrilled to bring the garbage. they don't care. as long as there is money to be made of course, it wasn't just tesla. it was anything related to electric vehicles. i think i want to cut some of them down. charging stocks from 49 to 10. from 24 to 50. charging 64 to 12. all disasters. electric vehicle battery stocks are nightmares 13 132-7. the stocks coupled with the greed of those who funded them and then brought them public all combined to lose you fortunes if you stuck with their stocks. >> the house of pain. >> there are many reasons to lament the fed's stance on inflation. there will be a lot of people

thrown out of work there will be a ton of bankruptcies but one thing is certain, the era where anyone can get money and fool the public is over the tantalizing has ended. and it couldn't happen soon enough i like to say there is always a bull market somewhere and i promise to find it here on "mad money. i'm jim cramer see you tomorrow 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." ♪♪ who believe they've created a better version of something all babies need. ♪ hi, sharks. my name is susie taylor, and this is my husband. hi, sharks. my name is steve taylor. our company is bibbitec,

and we're here today seeking $40,000