gld i want safety. >> it tonight's ranger-bruin game a litmus test game. >> yes. >> bristol myers, bmy into earnings early february. >> thank you for watching "fast. seeing tomorrow mornin 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 just trying to make you a little money my job is not just to entertain but to educate, context. call me 1-800-743-cnbc or tweet yes @jimcramer. maybe we're looking at it all wrong. maybe we're so blinded by big

tech we don't realize that what we're seeing right now is a reasonable pullback after a relentless rally and some highly visible $100 billion and more stocks, virtual purloined letters of equities. that's how i look at today's action dow dipping 252 points s&p declining. and the nasdaq losing .96% what do i mean when i say we're blind bid tech people care more about every nook and cranny of netflix good sign-ups so the stock goes higher than they do about boeing or jpmorgan or a host of other blue chips. yet so many great companies are outright ignored here in large part because the mega cap tech names are much higher profile and have gigantic mind share with the american public we see them as the protagonist of the stock market. and to be fair, for a decade that's exactly what they were.

but that hasn't been the case for over a year now. unfortunately, most people haven't adjusted to the new reality, something we implored people to do at today's investing club meeting you've got to go watch the tape. the real truth of this market is that hundreds of non-tech stocks bottomed in mid october or before then. since then they've been on a gigantic tear, just a huge run, and then this week they took a breather what apd at the bottom in late september the dollar was peaking. then interest rates finished their relentless climb less than four weeks later in retrospect these are two obvious events but hardly anybody wants to believe in the bottom because we're so focused on the sputtering mega caps, the flailing semiconductors. and worst of all, the pathetic enterprise software giants

[ boos ] >> we've been stuck in a purgatory of our own making. consider it a tech tightnik. all right, tech train wreck. we had a bull market based on dollar and interest rates peaking, which were terrific for stocks for a whole host of reason buzz on the other track the relentless beatdowns on the teslas and salesforces and amazons. it's absolutely insane that the second track gets -- i don't know, how about 114% of attention? when i talk about the bull market track, it's not like these are obscure companies, people just look in your wallet all right? i mean, look at it open it up right now i command you. you'll probably see two things you'll see a visa or a mastercard two companies that are worth hundreds of billions of -- visa's one of the largest companies on earth visa's company is highly sensitive to the dollar. bottomed in late october just under 175 then soared to 224 it's now at 220.

look at this you have this rally and you have this pullback. do you think everyone's crying about this one no mastercard i love it because it's simple as ma and mastercard bottomed right along with visa at 276 and then it jumped $381 and even with the pullback it's now in the high 360s look at this this isn't much at all after this correct? in other words, these huge stocks have had monster happy moves in the last few months >> that was easy >> what we've seen this week is really an orderly decline to burn off their vastly overbought conditions i know you're thinking i'm cherry-picking get this it's not too hard. how about the nearly 400 $400 billion jpmorgan you probably heard of him.

morgan, he was really rich a few weeks before bond yields peaked this stock was at $101. it then blasted to $143. i mean, come on! >> the house of pleasure >> i often think of that when i think of jamie dimon and let me tell you -- jpmorgan. somehow it now pulled back to just under 135 despite reporting an excellent quarter last friday and it was a great quarter it was garden variety profit taking and i know how to garden it's zen-like! then there's home depot, a $316 billion company. the despot, which is what i like to call it, bottomed at 266 in late september then moved up to $347 i mean, come on, i want that home depot semiconductor ooh. okay so pull back to 310 as of today. sure, we might have more rate hikes. the housing including the despot but we hear that every time there's a fed meeting.

and it hasn't stopped home depot. we have all these people, by the way. let me save that for later travel's been pretty strong. there's only two companies on earth that make commercial aircraft at scale, and that's -- is that intel and nvidia no it's airbus and the poorly run boeing but once the dollar peaked in september, even though you buy boeing in dollars, boeing's stock started flying from 121 to 216. do you see the pattern here? do you see what i'm talking about? now it's pulled back from 216 to 207. whoo really scary hardly the short decline everyone keeps fretting about. i know it's only $123 billion company, but it's hard to get more visible than boeing this one's been hiding in plain sight. next up we've been buying -- do you ever see any roadwork done, maybe a house road caterpillar. we buy them for the charitable trust. there are hundreds of billions of federal dollars headed toward infrastructure and it has to go

to cat i can't claim early the stock had been a real loser until the end of september but then it pole-vaulted from 160 to 260 thanks to the recent sell-off it's now down to 245 we convened our first investor club meeting of the year today and we talked about how this -- the first of any -- might be the buyable moment >> buy buy buy >> for the nasdaq it's still a bear market. okay for caterpillar it's only a breather in a relentless bull market. go listen to the call i did today at noon, you'll hear my partner jeff marks spell out the whole bull case. now, we all knew that china had a ridiculous covid policy. sooner or later it would have to end because keeping huge chunks of the country in quarantine forever is unsustainable for 1.4 billion people wynn resorts has exposure to interest rates and china, got a bunch of ka seen e!s in macao.

now it's at $99. just a dollar below its highs there's a pullback for you as the chinese government finally came to its senses merck. all right. you heard of merck ever? merck's another enormous company that's been hiding in plain sight. it's massively levered to the dollar because it does tons of business overseas. so the stock naturally bottomed when the dollar peaked since then it's jumped from 84 to 115, no small change and now it's plunged all the way back to 110. $5 after a 31-point run. oh, the humanity look, i could go on and -- they tell me i can't keep doing it, like at one point i have to stop, then i have these people who tell me you can't do it anymore. i've got other people in my ear to stop, you can't keep mentioning stocks. but i have like dozens of them i have hundreds of them. i could go on and on with the same darn pattern and say -- will you put that pattern back i love that pattern! most of these -- you know, 100 billion -- ha ha

i just go like this and people do what i want because it's jim cramer's "mad money" but the obsession with the -- wow, is my head big. can i get out? but the obsession with the mega cap names as one of the most straightforward bull markets i can rell call, while people jump down the rabbit hole of intel or stadium nld vballed on amd the plain vanilla buyers, everything from health care to retail and aerospace, finance all got exactly what you'd expect. these stocks bottom and the dollar and interest rates peaked textbook investing obscured by wild emotions and really some self-flagellation. now they're cooling off after a big run and everyone acts as if the whole edifice is collapsing? so many people come on our network or other media outlets and tell you things are dreadful, the roving bears in sheep's clothing or little red riding bears the federal reserve hand wringing when will the fed be done bringing the pain? >> the house of pain

>> we look for tea leaves from fed officials who give rotarian speeches babbit style. go google it that cause wholesale havoc in the futures. but if that's all you're focused on you miss some huge moves. these -- keeps reverting to that don't say revert back. you don't need to say the word back there you go thank you. these rallies occurred while the peace with china broke down, the war between russiaa and ukraine got hot. they didn't skip a beat when the semiconductors become road kill and the enterprise stocks rolled down so far the analysttargets spent nothing. so let's remember there are two tracks out there the tech track that can't seem to find its footing rooted in about 30% of the market, and the other track, which found its footing months and months and months ago when interest rates and the dollar stopped climbing. bottom line, both tracks are pulling back here. tech after a seven-day pause from its bearish trend the other from natural garden variety profit taking. i think the big blue chips are

experiencing a terp garden variety decline as the stocks digest their gains tech aside from the ones that announced massive job cuts, they're on a permanent vacation to jellystone national park. all right. let's go -- oh, haey, speaking o jellystone national park, that might be in wyoming. so why don't we go to ken in wyoming? >> caller: hi, jim this is a thrill and an honor to speak with you directly. and that's not hyperbole >> same. and you know who else is from wyoming besides you and went to college there? >> i think i know who you're going to say josh allen >> exactly let's go to work >> caller: so i'm getting hammered by a bank stock, which seems okay to me, but i've been catching falling knives since may of last year i'm pretty bloody at this point. so what am i not seeing about signature bank, sbny, that

apparently everybody else is seeing >> people feel it has a little too much exposure to the quick rate increase. remember, there are some banks that just had too much exposure, some buy now don't pay later companies that got hurt too. so yours is hurt by the fact it was not positioned correctly, i believe, for the rapid rate increase now i want to go to peter in charlotte panther territory. peter! >> caller: jim, how's it going boo-yah! >> this is some day, i'll tell you. this is thursday what's up? >> caller: not much, jim here's my question for you coinbase do you think the bottom's in and and what's it going to take for the institutional investors to get back into it >> so coinbase is a heavily shorted stock and that means that even though i don't feel it's any place to be it could have these rallies but it is not in an area that i believe in at all. and by the way, i think that all the -- every one of these

different, whether it be bitcoin, ethereum, solana, anything crypto i think -- >> sell sell sell sell sell sell sell sell sell sell sell sell sell sell >> i can't stop! i think the big blue chips are seeing a temporary garden variety decline as the stocks adjust their gains that's not the case with tech. that could be on a permanent vacation on "mad money" tonight the video game cohort has been volatile since covid-19 hit our shores. what could the future hold for the sector i'm giving you my take then earlier we held our monthly meeting for cnbc investing club members. and we received so many incredible questions from our members that we decided to take some tonight and today cnbc disruptor ro launched a weight loss program i'm speaking with the ceo. so stay with cramer!

fs ps. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com. or give us a call. at 1-800-743-cnbc. miss something head to madmoney.cnbc.com. lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect.

terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. [music - cover of blondie's “dreaming”] at&t 5g is fast, [music playing] ♪ imagine something of your very own. ♪ ♪ something you can have and hold. ♪ ♪ i'd build a road in gold just to have some dreaming, ♪ ♪ dreaming is free. ♪ accenture, let there be change. [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪

♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo.

like i said the other night, if you want to be a good investor you need to understand the diet geist and right now avenue roughly a year of getting used to a post-covid environment the d zeitgeist is a little weird. i think there's a bigger story underneath, the story of how two years of covid-19 changed the

world. so we've been looking at which changes persist, like remote work and which ones have caused a kind of snapback like the post-pandemic travel boom because life's too short tonight i want to zoom in on a huge covid winner that's become an equally huge post-covid loser. the video game industry. when the pandemic struck gaming took off because we were coopfind to our homes and literally had nothing better to do but ever since people started getting vaccinated a couple years ago the gaming cohort has crumbled we need to ask ourselves if this is a temporary post-covid loser or if there's something bigger going on look at the big video game publishers take two interactive peaked at $215 in february of 2021 now it's just over 100 bucks, a level it first reached in 2017 lenk arts going from 150 to under 125 in the same period could be worse but definitely not great. activision blizzard plunged from 104 to the 60s before microsoft gave it a takeover bid and that gave the stock a new lease on

life although the regulators seem reluctant to let that deal happen and this is not some bogus sector rotation where the gaming stocks went out of style but the underlying industry's fine the industry's struggling. two days ago mpd group released some numbers for u.s. consumer spending on video game content hardware, accessories. in 2022 it was down 5% year over year while december was better, up 2% year over year that turns into a meaningful decline when you adjust for 7% inflation. by the way, all that 2% uptick came from console hardware as games and accessories were both down then yesterday we get some european data showing a 13% decline in console and pc game sales in december. last week logitech which comes on all the time on our show which makes all sorts of gaming accessories preannounced a major shortfall. sales down 22% to 23% in the fourth quarter that's pretty shocking their gaming division's been a dog all year and i doubt that changed in the final quarter during the pandemic people

bought tons of these accesses, gaming headsets, high-end mice, keyboards, but it's not like you need to buy new hardware every year, do you the weakness in gaming fits perfectly with what i've been telling you about the zeitgeist. in a world where everyone's got a life too short attitude people would rather he go out and do something than sit on the couch playing video games. they got enough of that in lockdown now they're chasing unique persons, doing things, living life in other words, life is too short to stay at home playing video games. or at least that's how many consumers seem to feel at the moment now, my inclination here is to stay away from the game stocks but there's a reason i didn't talk about this industry along with other post-covid losers last night like the office reits and the movie theater business while gaming's struggling right now, you know what i doubt the problem's permanent. i think it's a cyclical issue, meaning it can come back not a long-term secular one where it goes like this. why? first the newest console is the playstation 5 and the xbox

series x have been facing severe supply constraints for years, in part because they couldn't get enough semiconductors from amd that's no longer a problem in fact, many of these chips have gone from being completely sold out to glutted. maybe that's why amd's down so big today. it's one reason we saw an uptick in hardware sales last month, because you could finally find these machines in stores second, much like film and television the gaming industry struggled with a lack of new blockbusters over the past year. they play like that too. blockbusters there simply haven't been many big titles coming out because covid made it harder to get the stuff out the door look at take two that's the publisher that's been hardest hit. they only launched three core titles last year to put that in context they have five planned for the current fiscal year, 19 more for the two years after that that's covid talking another one, ubi soft because its stock isn't listed here it trades in france but they're a player in the industry you might know them as assassin's creed.

last year they canceled three major titles and delayed another one called skull and bones then last week they announced another three more cancellations and another delay for that same game this is the sixth delay. all i can tell you is it better be good when it gets here, assuming it ever happens we saw the same problem at disney and netflix they couldn't make enough quality content when everybody was afraid of getting covid. nearly everybody at these video game studios can work remotely and remote work is not efficient. now, though, we've been back to normal for a while and eventually that will translate into more blockbuster level games coming out i think more film helped netflix get better than expected sign-ups which was vaulting in after hours trading after a better report this evening finally there's a widespread misconception about the gaming industry everybody focuses on the huge fran chooilzs br where the games look better than in real life. but increasingly the money comes from free mobile games where the studios make money from selling add-ons or from the advertising. while this stuff is much lower

profile it's been a gold mine. that means the gaming industry's more levered to advertising than we realized and tipsing is a cyclical boom and bust business that's currently busting we know the major players have spent fortunes getting into the free to play ad space. activision and blizzard shot up nearly $6 billion for king digital several years ago. think candy crush. take two spent on zingo. but as long as businesses are stuck in purgatory these companies are going no make a lot less money and people aren't going to like their stocks put it together you understand why the video game industry's been such a dog. but most of these headwinds seem temporary. the console shortage already a thing of the past we got more potential blockbusters coming later this year because people can get together and create things and eventually advertising will make a and back along with the rest of the economy after the fed's done tightening when that happens i bet the gaming stocks actually make a comeback too but it may be down

the road i definitely think they have more down side but at some point they'll be cheap enough to be worth buying it's just that we aren't there yet so here's the bottom line. while the video game industry came out of 2022 look like one of the biggest losers in the post-covid era i think it could just turn out to be a temporary problem. not a permanent one. too soon to start bottom fishing here but eventually there will be a bottom. "mad money's" back after the break. >> announcer: coming up, the investing club got first crack but cramer loves answering your questions. and he takes more next

♪♪ for skin as alive as you are... don't settle for silver. harness the power of 7 moisturizers & 3 vitamins to smooth, heal, and moisturize your dry skin. gold bond. champion your skin. if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee, even if it received ppp, and all it takes is eight minutes to get started. then we'll work with you to fill out your forms and submit the application; that easy. and if your business doesn't get paid, we don't get paid. getrefunds.com has helped businesses like yours claim over $2 billion but it's only available for a limited time. go to getrefunds.com, powered by innovation refunds.

the first time your sales reached 100k was also the first time you hit this note... ( screams in joy) save 20% with the lowest transaction fees and keep more of what you make. with a partner that always puts you first. godaddy. tools and support for every small business first.

maybe you've heard but today we had our investing club monthly meeting. it's a total blast if you're not a member you are missing out on so much

we go in tdepth on our trust holdings we take questions from members and i tell a couple personal stories we always run out of time to get all of the great questions we receive so today i want to tackle a few more on "mad money. lets get right to it to our first question blake says hey, jim, boo-yah i'm 23 years old and i'm looking at this bear market as an opportunity to get into some beaten down stocks blue chip stocks like apple and snowflake. how should i position my portfolio with the right amount of risk but grow my capital given my age you're young you've got your whole life ahead of you to make the money back. you have two terrific stocks there, one that is a little more mature, obviously, apple and one that's going to be a long-term growth stock, snowflake. i would actually put probably -- i'd want you to have some cash but you know what? i would put a nice percentage of your excess income after you have $10,000 in an s&p index fund into those two stocks i like them very much. again, i wouldn't suggest that if you were older. let's go now to carol in washington who asks, "gold is

rising to its highest level in years. what do you think of investing in gold right now and if you think that's a good idea what would you use? would you use etf or miners, something else?" okay, this is what i use, which is not an etf for miners but there are mutual funds that have just junior gold and senior gold producers. if you want risk you take junior gold if you don't want risk you take senior gold. some of these gold companies are good the other way to do it is to own gld, which is a very good way. and i have long term been a believer in gold by the way, let me just while i'm at it say that if you're i believer in crypto this is your chance to become a non-believer because i simply now believe it's a sham. it's a travesty of a mockery of a sham, and it's manipulated and i've had it and i want you out okay let's go now to mark in louisiana, where i once went fishing off of grand isle. it was fantastic who wants to know, when trimming a winning stock position, portfolio, is there a basic guideline, a percentage of total shares that you follow when determining the total amount of shares to sell

i used to be able to say -- i used to use firm rules, which was up 25%, sell a quarter the mega caps became mega caps i said i've got to be a little more subjective. i want you to join the club and you'll see, what we do is when we think we're be being piggish and it's more subjective we take a little off as we did for the company starbucks just a few days ago because we said wait a second, we're up more than 25% like that time to lighten up because bulls make money, bears make money and pigs, they get slaughtered. next up is editha who asked this is my first xwraer as an investment club member thank you for joining. i appreciate your insights i've been accumulating small shares of apple, amazon and google is it prudent for me he to continue accumulating shares of these companies at this point? i think if you heard my call today the answer would be no i think they have to be in some of the other stocks we talked about that are dividend arist aristocrats. i want you to get to those dividends, reinvest them and get

a little less heavy in tech because as i said at the top of the call tech's not doing what it should. it got too big and is going to be subject to a lot of selling now let's get to james, who says i know you strongly recommend reinvesting dividends. do you recommend reinvesting in the stock that produces the dividend or just reinvesting the dividend in any stock in your portfolio? no i want you to automatically reinvest in the stock that you're in. was the best way to invest more than 50% of a stock's gain over many years' time is from that dividend. so that's what you must do now on to brian who asks, "what's your opinion on skyworks solutions and broadcom?" they both have low multii am lz free cash flows reasonable balance sheets no debt in skyworks case and consistently meet or beat earnings and revenue expectations yet they seem to get no love from wall street i'm going to give some love right now to broadcom which has a good dividend which i really, really like. reinvest the dividend. very stable business getting less and less dependent on hardware.

it's the right thing the ceo is remarkable for his consistent earnings profile. that's the one peter from my home state of pennsylvania, a big delaware county pa boo-yah. how about a montgomery county boo-yah back at you. with it stopping all home mortgages what do you think of the banks? it's not stopping all home mortgages. the thing to know about wells fargo let's get away from mortgages entirely let's talk about where the stock was and where it is. this stock was in the low 60s literally in february of 2018. it then got hit by a consent decreed problem with really the highest level, janet yellen, saying the bank was poorly run and many, many control difficulties now, this is one of the largest banks in america so you can imagine how many things -- what's happened here is that they do a wholesale overhaul not just of the top executives but even the board.

and they brought in charlie scharf, who's a remarkable ceo and charlie has one by one picking at all these different censures they solved the consumer financial protection bureau one for $3 billion and now they're solving nine more and when they're stop they're going to start buying the stock back hand over fist. wells fargo is the cheapest stock in our charitable trust as i said today in our midday meet sxig want you to get in the club and you'll know more let's go to david in mississippi who asks why has ibm avoided the technology correction? is it because the dividend supports the -- and the answer is yes it has a very low multiple of all the stocks we just talked about it's low multiple even lower multiple than broadcom which has a very low multiple so it's being saved by the fact it's not expensive it's got a long-term plan it shoeld off a division it was hurting people -- hurting the company. and most importantly it has the dividend and the free cash flow to back it up.

all right. well, there you go join the club. you've got to listen to today's call it was hilarious and informative. and if you enjoy it i'm going to tell you, you're going to love it "mad money's" back after the break. >> announcer: coming up, knowledge, tech, and a better you. cramer goes off the tape with a startup focused on a healthy future next

thanks to avalara we can calculate sales tax on almost anything, anywhere, automatically. avalarahhhhh. what if tax rates change? ahhhhhh. filing sales tax returns? ahhhhhh. managing exemption certificates? ahhhhhh. business license guidance? ahhhhhh. does it connect with accounting? ahhhhhh. item classification? ahhhhhh. cross-border sales? ahhhhhh. what about? ahhhhhh. ahhhhhh. do you have those budget markups? thank you. mmhm. [bubbles]

all across the country, people are working hard to build a better future. so we're hard at work, helping them achieve financial freedom. we're investing for our clients in the projects that power our economy. from the plains to the coasts, we help americans invest for their future. and help communities thrive. ♪ 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. i know wall street soured lately on the idea of disruptive technology but we're also on the lookout for privately held start-ups that could turn out to be game changers maybe one day

public companies because they can help give us a sense of what the future might look like and you need that to be a good stock picker even if it's not with this company. which brings me to ro. r-o. that's the direct to patient health care company that aims to smooth out the whole doctor-pharmacist patient relationship they provide telehealth consultations and treatments for range of conditions especially in skin care, sexual health, fertility, and now obesity even in telehealth this company's a leader that's how it came in at number 38 on last year's cnbc disruptor 50 list. and by the way, nominations for this year's list are open now at cnbc.com/disruptors. today ro launched a new weight loss program which includes these very special glp 1 medications. they do lab testing, one-on-one coaching, personalized health care i like this. let's take a closer look with zack reytana, co-founder and ceo of ro, to get a better sense of the future of medicine and maybe

you'll be interested in the company as a patient or perhaps a stock someday. welcome to "mad money. >> thanks so much for having me. >> i've got to tell you this is your first time on and congratulations first of all for being on the disruptor list. it's a big deal. but i think it also means that you should give our viewers a chance to describe what ro does because it's your first tommy. >> yeah, absolutely. i'll take a step back, explain what ro does and then i'd love to dive into the body program. simply put we help patients achieve their health care goals in their most effective and convenient way so patients come to us and they say what they want i want to lose weight and we have comprehensive weight loss programs i want to have a child and we have fertility products and services want to have better sex, improve my skin, my mental health. whatever it may be they say what they want to achieve and we have seamlessly integrated doctor's offices, pharmacies and labs to help them achieve those goals. >> so they come to you guys and

instead of going to, say, a regular doctor and having a checkup or saying i'm interested in this, it's a very specific thing that you want and that someone might want, and that's exactly what you're built for. >> that's exactly right. when you think about the reason that you normally go to a doctor's office you go because you have a particular health or life goal that you want to ach achieve. but normally the burden is placed on the patient, right what doctor they have to go to do they have to go to the doctor, then the lab and then the pharmacy and we've seamlessly ipt graited each one of those components through the lens of that patient goal and then guide them all the way through it that's what we've done with the body program and the launch of it today, which is the most comprehensive and highest quality obesity care for glp-1s nationwide today >> so please describe glp 1s for those who have not heard of these amazing medicines. >> absolutely. just to make it extremely clear, i'm not a doctor >> that's all right. most of the people who run

companies -- very few people who run companies are doctors. >> i'm the son of one and i've seen actually glp-1s have a tremendous impact on my dad, which is one of the inspirations behind the program but glp-1s, maybe people have heard of semaglutide or ozempic or wegovy. they're amazing medications. they're a once a week injection. and they do three very important things when it comes to obesity. they help regulate your sugar levels they actually help regulate your app appetite and they slow the passage of food from your stomach to your small intestine. and it's the combination of these things that have helped patients in clinical studies and is it varies depending on the patient and the medication but on average patients are losing approximately 15% of their body weight over the course of a year now, essential in achieving those amazing results is high-quality obesity care. so patients shouldn't just receive these medications and be left to their own devices, which is why we built the body program. happy to talk about more how

that works but the body program is built to track patients in real time with remote patient monitoring and then adapt and be personalized to help them achieve some of the goals that we have. >> so people -- i know that wegovy kind of lists at $1700 a month. are you able to get people because of your comprehensive program perhaps some insurance for it >> yeah, absolutely. so how the program works is the patients come on to ro.co. they'll start a dynamic online visit. they'll enter in information about their overall health, their history and challenges potentially with obesity, lifestyle, diet, any medications they're on we'll then immediately send them an at-home blood test which will measure their a-1c, their cholesterol, their thyroid, their kidney function, and together those will put together a comprehensive picture of metabolic health they'll have a video chat with a provider and during that dialogue if safe and appropriate the partner will write a

prescription to one of our pharmacies and we'll guide that patient's insurance coverage to maximize obviously their ability to get it covered at the lowest possible price because as you mentioned without it can be very, very challenging for patients and then once they're on the medication ships right to their door they'll get a cellular connected smart scale so they can track the weight in their app and it goes directly to their doctor so he can titrate their dose. that's one of the important things is making sure patients have the right dose and can scale up the results and they have one to one coaching with our nurses and are able to over the course of a year reach out to their doctor 24 times for video chats and 24/7 messaging with their care team >> now, i want people to be clear. even though these drugs are also used by diabetics, they can be used to lose weight. and you don't necessarily have to be clinically obese to be able to be on a program, correct? >> that's right. so the medication is approved -- so semaglutide, both the brand

name and-- but that drug is approved for both diabetes, certain diabetics, as well as patients who have overweight or have obesity they can have a bmi of 27 and have co-morbidities or a bmi of 30 plus, they would be eligible for treatment of wegovy, intended and approved for weight loss that's correct >> look, i think you're doing a great service here i'm glad you're on the disruptor list i want to wish you the best of luck very exciting program you offer. there are many others. we foektsed on the one you just rolled out great to meet you, sir >> you as well if people want to become patients they can go to ro.co. >> all right sounds good. "mad money" will be back right after the break. >> announcer: coming up, cramer wants to hear from you

your calls on the thunderous "lightning round." next

[music - cover of blondie's “dreaming”] [music playing] ♪ imagine something of your very own. ♪ ♪ something you can have and hold. ♪ ♪ i'd build a road in gold just to have some dreaming, ♪ ♪ dreaming is free. ♪ accenture, let there be change. ♪♪ we all have a purpose in life - a “why.” maybe it's perfecting that special place that you want to keep in the family... ...or passing down the family business... ...or giving back to the places that inspire you. no matter your purpose, at pnc private bank,

we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? ♪♪ it is time it's time for the "lightning round" play -- this sound and then the "lightning round" is over. are you ready skee-daddy time for the "lightning round" on cramer's "mad money." i'm going to start with joe in my home state of new jersey. joe! >> caller: hello, mr. cramer thank you for having me on and good luck to your eagles >> oh, thanks, joe i need that. what's going on? >> caller: i currently own dow chemical for the dividend. should i sell and buy a -- >> no, i want you to hold it

it hasn't had a great quarter but ppg report aid great quarter for the first time in a long time which means chemical's going to come back in favor. 5% yield goes to 5 1/2. now we're going to go to dan in new jersey dan. >> caller: hey, jim. boo-yah. >> boo-yah okay that was good. >> caller: my question is sun country airlines, sncy >> interesting small cap stock but why do we have to fool around in that when we've got united airlines with that unbelievable quarter i want to go to david in north carolina david. could be david tepper who owns the panthers david. >> caller: hey, jim. it's dave from ellis island. the big surfing boo-yah to ya. >> well, i'm liking that i'm trying to figure out who we should get for quarterback go ahead what's up? >> caller: i have a reit it looks like it's in the sweet spot it's environmentally friendly, it pays a good dividend, has 11 million acres of timber growing as we speak.

i'm a long-term investor i'm not a trader weyerhaeuser wy >> you know, i'm so -- i think wy does a good job i like it a lot. is it electric no it's just very good. let's go to mark in california mark >> hey there, jim, how are you doing? >> mark, it's just terrific. how about you? >> it's another sunny day in california, man. >> man sorry about that rain. i hope those people get through this period. what's going on? >> caller: lockheed martin buy, sell -- >> lockheed martin people are worried about the republicans and defense budget i'm worried about the ukrainians and defending them and i think lockheed martin plays a key role james tate is welcome on this show any day of the week including saturday and sunday. i'll come in what else do i have to do? let's go to michael in illinois. michael! >> caller: boo-yah, jimbo. >> what's happening? >> caller: how are you doing,

kiddo? i have a two-part question with the rising sales of -- and cpg 10 a.t. what is your thought on dinahvax and would you have ryan spencer on your show? >> well, i don't know ryan spencer. i'm not that familiar with his work i know this is a very speculative stock and i think as long as you understand it's a speculative stock and you can lose some money in it it's fine by me. i need to go right now to craig in my home state of new jersey craig. >> caller: hi, jim just calling about an energy stock. p/e of 10. 9% dividend. it's a company that acquired mark west energy a while back. mplx >> why don't people call with this type of stock i like the company i like the cash flows i like the pipelines. i think you have a winner! i need to go to eric in

wisconsin. eric >> caller: jimmy chill >> chill man in the house. >> caller: february 1st. >> which one >> caller: waste management. >> people are very worried about the earnings it does sell 26 times earnings i wish it would be heaper. i think you can buy it -- jim fish is not going to preannounce at the same time as the tournament how between 145 and 150? that's a good level. now let's go to zachary in new york zachary! >> caller: hi, jim i'm curious as to what you think about national fuel gas. >> i used to like national fuel gas when it yields 4%, 5%. i thought it was going to be a natural takeover at this point i'd rather see you in sempra which has more growth and has a good yield and i like very much. i want to go to jerry in missouri for my 938th call today. jerry! >> caller: jim greatclub call today

>> oh, thank you i want everyone to belong to the club but no no people have objected regina doesn't like it just kidding. she was there orchestrating the whole thing today. what's going on? >> caller: i've been following this energy stock for about a year and i never got in. today on no news that i can find it dropped over 10%. it's a high multiple stock and seems to trade in line with a lot of the semiconductor industry i know you consider it a speculative stock, but is this my chance to get into enphase energy >> i think it's a perfect way to play the inflation reduction act as well as everything else the biden administration has passed. you get days like today where you have to do some buying thank you very much. and that ladies and gentlemen is the conclusion of the "lightning round" >> announcer: the "lightning round" is sponsored by td ameritrade coming up -- what does the news of the day have to do with the basics of

bristol-myers? cramer reminds you about a bedrock rule of "mad money." next aces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo.

when i covered crime as a young reporter, i was constantly shocked that my stories always led the paper. they were always above the fold, as the old-timers say. you could cover a supermarket checker putting a hit on her husband in visalia, wherever the heck visalia was, and it would trump any other news of the day.

people loved to read those stories. the more horrifying the better maybe that's what shakes my thinking about this current stock market being a homicide reporter let me be the most important reporter of the day because i had the most gripping story. not the most substantive but i knew the truth journalism is commerce and i was merely at the vanguard of selling papers that's how i feel about any given sell-off these days. like this one. it's gripping, can't miss. bear market claws. market turmoil it's above the proverbial fold at least until nothing happens and i'm sitting on my hands wait forget another call from the lapd to cover the next tragedy i'm not saying you should ignore this pullback. it's glaring however there's usually more smoke than fire let alone ice and even that rarely has staying power. the first day it goes down we had that yesterday there's a legitimate but mistaken sense of panic. people say i get it bond yields are plummeting which is the bond market's way of shouting we're going to have a hard landing what do you buy on a hard

landing? bristol-myers and its ilk, recessionproof stocks. what the heck does a fed mandated slowdown have to do with the price to earnings multiple of bristol-myers? so today you look at products that can still sell in a slowdown maybe some of them are down. it gives you a chance. day one is very exciting like my old homicide reporting days. day two there's no homicide on the front page it's a more thoughtful day and it doesn't lend itself to hysterical reporting on commentary i don't want to equate for one minute real-life murder which i covered to the pullback in stocks which i cover now those are real people who died it was horrible. i hated my job i felt so bad for everybody. but the media coverage of the market is similar. the sell-off is viewed as a collapse, a calamity, not ever an opportunity the gripping declines turn into next day buying opportunities as things go down but we're so busy we don't see them. if you want a diversified portfolio good stocks of companies that make things and do stuff at a profit you're going to be able to avoid the prurient nature of day one if you can pick up stocks like

procter & gamtball after a good quarter with a 5% organic growth as you got this morning you're fighting below the fold important stories that do well over time. not tomorrow over time. they're not exciting they don't sell papers but they're dividend arif rift catz and i think they'll make you money over time. i ent v know i won't convince people down days are sideshows with no staying power. to truly understand the market you have to go below the fold, though the boring stuff the stuff nobody wanted to read. back when i was a croom reporter, 23, living in my car, desperate to be recognized my editor sensationalized every homicide story in a way i found repugnant. but i was way too poor to put up a fight. well, that's no longer the case. i say avoid the above the fold chaos and buy the below the fold stocks that get ignored because they're comparatively boring

when you're investing the currency's boredom stay away from hysterics or use it to buy stocks like bristol-myers at a discount. because the kind of stocks that could never sell a paper are perfect for your portfolio in this or maybe any environment. i like to say there's always a bull market somewhere and i promise to try to find it just for you right here on "mad money. eem jim cramer see you tomorrow i feel like you're a kindred spirit. we're here today because we have a shipping issue. i don't do failure, okay? we don't, either. what are your total sales? $4.1 million. ooh. wow. you know how to sell. i think what you've done is genius. there is no other person to scale a business like this than me. whoa. you had a problem reading the room. you're probably one of the most impressive entrepreneurs that's stood on that carpet. i just want to back you. i got to turn you into freakin' stars. you want to try to control your own destiny. we have worked so hard to build this company.