best thing >> they are fun. >> it is a nail-pieter. >> who is the guy with the khakis. >> steve kornacki. >> he should do the "fast money" poll. >> dhi. >> thanks fo welcome to "mad money." i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm trying to make you money. put it in context, educate, call me 800-743-cnbc or tweet me @jim cramer we can figure out the so-called

macro, the big picture economic situation unevincluding the fed reserve and individual companies or if we're willing to do the homework in the heart of earning season and enterprises are given us the quarterly updates, we can get that but there is a third factor nobody talks about we're going to change that tonight. we need to talk about the dow advancing and s&p dipping and nasdaq declining we have to talk why stocks move. that's the time frame. the time it takes for a good story to come to fruition. this is how the professionals that don't feel left out if you're an armature yesterday, a prominent wall street analyst upgraded amd advanced micro devices shares to the equivalent of a buy rating saying it's time to buy amd as it doesn't reflect the semi

conductor's future that call moved the stock up 10% a remarkable achievement from one analyst suggestion today, though, amd gave back a big chunk of those gains down more than 2% but way lower mid morning. why? because another analyst downgraded from buy to hold. in this case because yesterday's monster run simply doesn't reflect the near term, not the long term but the near term future, which is unremittingly bad and possibly getting worse who is right the bull or the bear? you think they can't both be right, wouldn't you? wrong. they're both absolutely right and this is one of the things that makes it difficult for people to pick individual stocks including amd which we own for the charitable trust because of this timing issue. the bearis ish analysts, amd's

business is awful and shows no sign of improving but over the long haul, the bullish analyst is going to be right because eventually the semi conductor downturn will end and when business comes rolling back, so will the stock of amd. the difference is the time frame. first you need to know that ceo lisa was transforming amd from a semi conductor into a dominant chip maker in gaming, personal computers. take the big data companies and how much money they need to run web services think microsoft talking azure ig they are pumping out chips like there is no tomorrow that's a judgment businesses remain strong but a lot of it came down to double ordering where clients like the p.c. makers place more orders than they need because it's so desperate to keep up with demand they're afraid to miss out some of it is because everyone misjudged the short term of the

shortage, at least the part i'm talking about. at least, roughly as long asevad then clients were stuck with massive amounts of inventor and i overflowing. and still the semi conductor companies kept pumping them out. they're often the last to know they found out the hard way when almost every semi conductor company blew up, meaning the earnings were so poor, so below the earnings estimates they had to preannounce their weak numbers because of the giant inventory glut ever since then the chip maker haves been trying to get back into wall street but they can't. they have made few you are and fewer chips in some cases like micron which has a glut compounded by the unwillingness of samsung to slow lines down and cut back orders for machines to make new chips. that's one way to stop a glut but only if everyone else goes along. so now let's get back to why both analysts, the barclay's

bull and bernstein bear could be right. pretty simple. no let up in the lack of demand for end products and makes no sense for amd to order for chips and still a glut bernstein says the inventory only got worse, not better, which is my volume given the fact pc sales were down in the fourth quarter i think they could be right about an overall continued decline so how can the bull at barclay's be right he actually concedes that 2023 is going to be a big disappointment there is nothing in this upgrade for amd and semis including two charitable trust names, qualcomm that got upgraded and nvidia that received an increase for upside surprises that's really nvidia and it has to do with a particular kind of a.i. platform they have. however, you have to understand how big money managers were.

if you truly believe this inventory glut will end and get back on track, you can't possibly wait until the end of the year to start buying something like amd in anticipation of 2024 if you're an investor and have to buy millions of shares in order for your position in amd to make a difference to your overall portfolio, that takes a lot of time. you want to get in ahead of everyone else especially if it turns out it will reopen china begins reordering chips by the fall that's possible. if you're bernstein bear you're thinking, no one wants to go through the hell that awaits you if you own amd this year so you might as well just get out now. >> sell, sell, sell! >> right into the thing created by the barclay's upgrade, it helps what happened yesterday was short covering the semis are a losing battle ground for ages for the bulls. so why not do a little bullfighting knowing the near term quarters will be bad?

some of the crazy wall street is not enough to think about the company or macro including the fed. you need to consider the reaction and even the reactors themselves i personally believe amd, nvidia, qualcomm could get hurt by earnings but from now on the bulls will use every decline in the stocks to do buying in anticipation of the next up cycle because it always is that way. you always have to jump the gun, you just don't want to be too early but i think we've seen the bottom we're going for thecharitable trust because if you tell members of the investor club, we're willing to be patient for companies and that's what a manmad and nvidia are i would rather them be too early than too late. we saw so many cyclical stocks erupt because so many cyclical are doing really well right now with higher rates. that's the feeling i got from rathyon. same with d.r. horton putting up

amazing numbers and best of all, the design and produced trucks which is fantastic for everything that's goes into a truck and cramer fav and trust holding caterpillar. >> buy, buy, buy >> the one area that seems destine for hardship is tech to enter the justice department decided it wants more competition in the marketplace so taking that shot at google again. ten years ago we coined the term fang on the show the group remains snake bitten fortunately, microsoft, that end never got into fang reported a gigantic upside earnings surprise, very strong cloud numbers. much needed good news after the recent layoff announcement but the bottom line, in the heart of earning season, i need you to understand the reaction is often right depending on the time frame but could be wrong either way, if you have conviction, the reaction can often be a great opportunity to buy, buy, buy or sell, sell,

sell let's start with berry in florida, berry >> caller: hi, jim thanks for the opportunity to be in the show. >> you're quite welcome. >> caller: i've been a club member since the inception. >> thank you >> caller: this is regarding the debacle this morning, my question about wells fargo it represents a larger segment in my portfolio and the result of a failed strategy i am down about 17% with the x day coming up in early february, i don't believe it a sell but i'd like to get an idea whether to buy more or hold >> i want you to piebuy more wes fargo. i have to tell you there was a machine breakdown when i had it down to 40 today and on squawk on the street i said buy every share hand over fest wells 44 and charlie doing managing is a great buy. don't worry about being down 17. take the long term view. the stoblgck was at 62 in februy of 2018. bill in my home state of new

jersey, bill >> caller: boo-yah ski daddy. >> how much do i love that one of my favorite counties in new jersey, for the record. >> caller: still licking my wounds as a giants fan i need your help i'm thinking about reality income corp. i like the dividend. >> i like your idea. your idea is a great one i wish more people had your common sense because letter o is a terrific buy a lot of people don't think of it as growth they're wrong. i like it very much. i'd like to take another -- oh, you know what? i am not going to be able to and, you know what that's a shame anyway, if you have conviction the reaction can be a great opportunity to get in and out. on "mad money" tonight, nascar, where is my helmet, is celebrating the 75th anniversary and i'm learning about the legacy and racing legend jeff gordon joins me as well. energy was the top performing sector in 2022 but not so great

in the second half and now that 2023 is in full swing, what should you do with the service companies? i'm drilling down. logic tech plummeted after prelim earnings so the report is handed in. what did wall street dislike about the story? i'm getting answers with the ceo so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #mat tweets send jim an email to madmoney@cnbc.com or calls at 800-743-cnbc misso miss something head to madmoney@cnbc.com.

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is. sometimes i get a kick out of my job and this is one of the moments. in the past few years, the media has been turned upside down with the rise of streaming and decline of oldschool, cable. throughout this period there is one constant, the popularity of live sports programming. it's a dependable place to put your money you think of the most watched sports in america, you might go to the nfl divisional championship this weekend. i think they will crush it football always does nascar is right up there, too. nascar yeah, the national association for stock car auto racing had the best season overall. get this viewer ship is 114 million total viewers, over 3 million per race those are excellent numbers but we want to know how they brought in such a huge audience. nascar is celebrating the fantastic 75th anniversary by the ringing of the closing bell here at the new york stock exchange exciting you don't get there. we spoke with the president of

nascar and get four-time nascar cup championship vice president of motorsports jeff gordon to learn more about the sports commercial assessment. congratulations. welcome to "mad money. honor to have you here. >> i don't know how we beat that introduction. >> you beat it for years and years. i'm not too worried. co congratulations. it's been a consistent winner. i was at the 600 and saw people buy the products that are advertised on the cars but i want to first talk to you about the popularity and how it reignited. what occurred? >> i think it's a lot of different things for our core fans, it's really about the excitement on the racetrack. so we brought a brand-new car last year. we call her next gen car and that cardell delivered we had 19 different winners of the 36 races so when you went to the racetrack, you didn't know who is going to win and i think that it brought an excitement level we had a more green flag pass

for the lead great competition and then we got a brand-new fan base that's younger, more diverse, more female that is really enjoying what is happening at nascar because of the young stars we had. >> i'm so glad you talked about that because, you know, one of the things that when i went to the dcoca-cola 600 it has a gret fan base i liked what america is, okay? i know that you guys are going to chicago, which to me is everything that's great. the melting pot of this country and i know you won't be in it but describe when this means versus great cities. my friend brian williams always went there what does it mean to go to chicago? >> as you mentioned, it's a combination of a big metropolitan city mixed in with, you know, kind of middle america and the midwest and it just these two kind of cultures that

really combine and really to me, especially in the 75th anniversary of nascar, that's what this year is about kind of the past, present and feature. you look at chicago being what is coming ahead of where we can go not just in the u.s. to a street course but who knows where we can take that and different venues. >> around the world. >> going to l.a. coliseum. coliseums might be an open door for these. i think with the next gen car that opened the door for that and we have a lot of young big superstar making their own name for themselves as well as bringing on a lot of other talent. >> let me ask you. i'm a stock guy. i think of you as dupont how did that work? due mopont is one of the greate american cities and comes to me. how does that association work >> a lot of businesses that come to nascar, if you look at owners and companies and how their

business is sort of interacting and in this case, there was hendrick automotive group, the dealership group he owns and his race team racing obviously being a great platform for advertising. hospitality and all these different events of bringing customers to but also selling paint in the dealerships. >> right i want to talk to you about that because there are a lot of advertising in the world and i think a lot of people are cynical, frankly and putting a brand on a car on close for nascar and there is nothing scenical about it why is that? >> well, it's the quality of our fans, jim. if you think about this is not a charity so these companies want to be on these vehicles because they understand our fans will buy the goods and services on the hood of the vehicle. and it's as simple as that jeff talks about the b to b portion, as well, not insignificant but the b to c

relationships that are there and having the fans understand that and support it and then have the driver kind of mix with those brands, as well. it's a really good opportunity for brands to have an ownership stake in that particular vehicle, right so it's -- if it's the nine napa car, then napa feels like that's their car and their driver is chase elliott. >> will it work in chicago >> for sure. if you think about -- jeff talked about the l.a. coliseum we went there last year for the first time 70% of the fans who came to that race had never been to a -- >> that's unbelievable after all -- for 75 years you reignite no, you're blowing it out. >> i agree so you think about chicago street course, the first ever street course we ever raced in nascar, first time then to do it on lake michigan, around grant park, buckingham fountain, it's going to be -- >> not just about the race the race is going to be exciting

and fun and unique and different bringing in new fans but a whole event for the whole weekend. it's, you know, concerts. >> concerts. >> and street events and places where fans as well as businesses are going to be able to interact. >> i want to go. >> you have to come. >> couple hotels even if it is a top floor to see. that's what i want to do this is amazing. now, you may not know but if you need a driver, i'm the guy i did drive. i was in. >> i've heard about your driving, jim. >> i can't even parallel park. for a moment there i was king. i want to thank both of you and congratulate you on 75th and an amazing career and i have to tell you, i think this is one of the most exciting things in the world. i cannot wait to book, to be, i just came back from chicago. this is just an incredible thing that you're doing. so congratulations to you both and i am just so thrilled you came on "mad money." you are something.

you guys are just -- >> go niners. >> i used to really love it. [ laughter ] >> i'm sorry. >> you were terrific that's steve president of nascar and vice chairman of hendrick motorsports jeff gordon. gentleman, proud to have you on the show. >> appreciate it. >> sensational. >> sorry. >> i'm a little star struck. i tried to see you when i was doing my own driving and i missed you but now i got you. >> you, too. >> headlights and things like that i'm good at "mad money" is back after the break. >> announcer: coming up, can oil services prime your portfolio for profits? this is not a drill. stick with cramer.

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swing, what do we do with the oil and gas complex? look, energy was the best performing sector of 2022 but most of the gains came earlier in the year. the market turned negative on the group as recession grew and fossil fuel prices just plummeted. even though oil prices rebounded nicely over the last month, it seemed sometimes like i'm the only one that still feels constructive about the industry and it's hard to do that with n natural gas but i'm sticking to my guns because over the past few days, we heard from all three service companies and they're the best source of information where the industry is headed. i think they collectively paid a pretty positive picture. friday was s.o.b., formerly said s slumbechlumberger and baker hugs let's hit them one by one. as reported nice top and bottom line was 27% revenue growth. year over year and 73% earnings

growth and cash flow light not worried about that the artist formerly said known as slumber shchlumberger gave u dividend boost specifically about the ability to generate cash unlike a buyback you can walk away from, companies cut through dividends too embarrassing because of the cash flow number, the stock got dinged a little on friday lagging far behind the average but man, if you listen to the conference call like i did, there is a lot to like. it says when it comes to u.s. land drilling, the pace of growth is moderating and when it comes to the rest of the world in offshore drilling, business is booming called it a distinctive new phase in the up cycle. iraq and yet, they went clarazy again. pricing is trending favorably thanks to new technology and also a shortage of equipment and service capacity in certain team

markets to raise rates overall the company is bullish about the year, they expect another year of very strong growth and margin expansion end quote. what is not to like? that's what i'm looking for. we heard from baker hughes in my opinion the worst operator of the bunch. their sales and earnings came in light at the same time the ceo lorenzo sounded more down beat about the broader economy and a positive outlook on energy with supply shortages why? quote him. investment being amplified by recent geopolitical factors, the capacity for oil and gas deter rated and will likely require years of investment growth to meet forecasted future demand end quote. notice years you don't have to worry about the cycle ending tomorrow. that's a key story wells s gradually run dry. producers need to invest since the energy collapse in 2014 they haven't been doing

that huge long term positive for the industry and baker hughes is my least favorite by far. finally, this morning we heard from halliburton, prince hal my top pick in the group. this stock is the largest energy position they gave us a solid set of numbers in line revenue up 31% higher than expected earnings up 20% from the previous quarter. that's previous quarter. operating up 78% year over year and excellent cash flow. like sum chlumberger they gave boost and presumed the buy back and an existing $5 billion repurchase authorization brought back $250 million worth of stock in the fourth quarter. going forward, the company plans to return 50, 5-o. that's fabulous. we want companies that make things or do stuff at a

reasonable price which is exactly what halliburton is doing. how about the future if you listen to the conference call, the future is bright in the u.s., halliburton is where they do a ton of business unlike s.o.b they expect drilling activity to remain strong and service intensity to increase and see the same supply challenges s.o.b. and baker hughes mentioned lead ing to more investment and jeff miller is a straight shooter points out wite demand for oil will sore multiple years of increase investment in oil and gas. they expect activity to grow at least mid teens with activity coming from -- new activity from middle east and lat in america this is dleis excellent news fo halliburton. we have leading positions in key well construction and a strong geographic footprint north america, which is not the core of this up cycle, they

expect consumer spending to grow by 15% this year that's very good market is tight. lead times remain long and halliburton's completion is fully booked that gives them tremendous pricing power. of course, hal has zero credit from the numbers falling 2% today. oil was down today, too. to me this pull back feels like profit taking that's such a horse as well as the decline in oil and gas prices today keep in mind the stock came in way too hot from late september to last week the shares doubled. we took profits for the charitable trust earlier this month simply because discipline demands that you take something off the table when you got a big run. something we've always explained to members of the icnvesting club bears make money, bulls make money and hogs get slaughtered we're not hogs let's put it together. you wouldn't know it from the anemic stocks short term, the three big oil service firms all gave us encouraging outlooks

over the past few days the best two s.o.b. and halliburton not only did great but gave us major dividend boost, you know how wefeel about dividend boost saying they're confident in the future. everyone seems to agree the international business is booming but the one disparity here is halliburton sounds more bullish from north america maybe they're better positioned here maybe they're not stuck with just the ones that we own for the charitable trust, which gives back so much to shareholders instead of drilling like crazy bottom line, after hearing from three major oil service companies, i feel more with the energy with the lowest level thanks to a milder winter. long term, sob, baker hughes and hall burden made it clear unless they spend heavily on drillings, oil and gas will be in short supply fantastic for the oil service industry let's take calls david in new york, david >> caller: good afternoon, jim

how are you? congratulations on the philadelphia. >> thank you. >> caller: number one thing, you're not a broker because you sure don't make me broker. number two, they know nothing and the most important thing, the old broom may sweep that up but the new broom knows corny. still more room to run >> apache got downgraded today because it's more natural gas than others. i hoped apache would get a takeover bid and nobody seems to care the stobck is so low i would hav upgraded it. i like brokers i like everybody let's go to belinda in kentucky, belinda? >> caller: hi, jim so excited to talk to you. >> super. >> caller: about 14 years ago, i happened to believe channel surfing and saw you and your

energy got me interested so i continued to watch a week later. i bought your book did the on life training guide and watched you every since every night. you inspired me. and you're -- >> thank you you're why i do i show you're why i come out here i would have retired going to italy probably, maybe mexico i like those places. no, i'm here because of belinda. maybe kentucky i feel lucky. >> caller: you got to stay on. >> i will. i'm not going anywhere. >> caller: every night for 14 years. >> thank you wow. >> caller: i bought pxd in november for $250. it's price target got downgraded to 241 what's your opinion? >> all right pioneer is run by scott sheffield the highest dividend,

highest yielding stock in the s&p 500. you got great dividends in there and if anything, i want to buy more pxd huge position for the charitable trust and you know what? i want it even bigger and belinda, thank you, those are very, very kind comments keep watching. s.o.b., baker hughes and hal made it clear oil and gas are most likely going to be in short supply for years to come it been seven years here and that's good for the energy sector and fantastic for the oil service industry much more "mad money" ahead including my exclusive with log tech with the work at home boom becoming a thing of the past planning to make up for the difficult sales short fall i'm getting the latest from the ceo and i'm not a fan of buy and hold but buy and homework. i'm giving you my homework guide to handle the influx of information coming at you and more for the lightning round so stay with cramer

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>> we've had a terrific start to the year, haven't we don't let that strength fool you into believing the hardest hit corners of the market are out of the woods. look at logitech everything related to computers is terrible because of this huge clout i keep talking about they announced and disclosed sales were down more than 20% last year. that's year over year over the quarter, over quarter and i've got to tell ya, i was disappointed because the margins came in slower than expected and management had to cut the full year forecast in response the stock plunged 17% and wasn't a single session and it really hasn't been able to recover since then last night we got the final

report and wasn't much in the complete numbers however, while the industry is in bad shape, logitech is a well run company. the stock will get cheap enough to be buyable now that it's selling 15 times earnings. a lot of negativity is baked in. let's check in with the president and ceo of logitech international. welcome back to "mad money." >> hey, thanks for having me, jim. >> you didn't have to come on. you could have said this was a quarter where you were away skiing for the next month but no, that's not you that's not your style. tell us how this happened and how you're going to get back on track. >> you know, we've had such a great stretch for the last ten years i've been here and particularly during the pandemic but we did get surprised this quarter. we saw a pull back in the b 2 b business you saw the announcements of various cost programs across the tech industry and beyond and

consumers bought more on promotion than we're used to those two things hit us which causes us to take numbersd down. we're optimistic and the sec cu l -- secular trends are there. >> at one point in the conference call you answered a question to morgan stanley which rebound can we expect, which market vertical? you say look, we think first is gaming talk to me about that. that's what i believe in. >> i think if i said there were three big areas in our business, gaming, the personal work space, which is my ski hort and offices. i think kind of in reverse order, businesses tend to enter a slowdown later and e momerge later. we saw the b to b entering now and coming in later and gaming which is a still soft and probably come in later and then

it will come. >> i know a lot of people came for that. >> a completely new category we're careful with categories. it's on track so far we launched in the u.s. so i'll keep you posted next time i come on. >> video collaboration, i didn't want to see that get weak. i feel people working from home, from anywhere that hasn't changed. to me some degree got more embedded, i thought video collaboration would be better for you. >> i did, too. i was didsappointed by the collaboration. this is video conference equipment that goes into rooms i think what is happening there is we have a combination of companies cutting spending as they're entering this quarter trying to get their cost under control and then they'll come back and spend again and the

second thing is, really at the end of the day a lot of companies are scratching heads trying the figure out how to set themselves up in an office for hybrid work. we're no different we're probably a little ahead of the curve. that's what is happening this will happen it's inineveviininevitable we have a tech rare -- temporary pause. >> i zoom a lot. i use logitech because looking like a zombie is uncool. there is a huge number of people that don't mind. if you're going to be on tv or anything you want to be represented as yourself, you need a logitech device they don't need to look as bad as they do [ lau

[ laughter ] >> we're not as hard hitting as you. >> when we look at different businesses, i say this tonight on the show, glut is due in. how does a glut end? does it look like? >> glut meaning in -- what is your definition? >> we finally decide that pc, i need a new pc and i got to upgrade and this stuff is so new and revolutionary. my stuff looks too old fashioned. to me with tech is the case. >> yeah, you know, i think what is most likely to happen at least for us is as people do start to get their footprints together for example in the office, companies will move forward with spending and say okay, we got to video enable the offices now. we're busting at the scenes with people in the office two or three days a week and need to be video enabled. and you want people to see

face-to-face like we are now on the work space side, i think it will happen more gradually, which means long term systematic growth i think people -- now this spot i'm sitting in now is part of my home decor so there is no way this will stay like this orever. you're going to eventually want to upgrade it and make it look and feel better and get the highest performing stuff you need and a webcam is a must. >> i'm a believer. why? because i use your stuff in every aspect i find it to be a step up from what other people pay more for that's important president and ceo of logitech. thank you for coming on. great to see you. >> thanks so much, jim. >> "mad money" is back after the break. >> announcer: coming up, cramer takes your calls and the sky is the limit. it's a fast fire lightning round, next.

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it is time, it is time for the lightning round, buy, buy, buy, play the sound and then the lightening round is over are you ready ski daddy? start with neal in new mexico. neal >> caller: yes boo-yah, jim i'm a long time -- >> boo-yah, neal. >> caller: i remember -- >> thank you. >> caller: you were a little speck in the portfolio to keep your interest and my speck was downgraded december 14th and now today since that time it's up about 40% i wonder what you think of quantom scape

>> take the money and run. i don't think you should have that level of conviction in. ian in indiana, ian? >> caller: jimbo last week you talked about the era of selfies this stock made me a ton of money but been beaten down since. what do we think of immode >> it sells below market mobile. i don't get it and that makes me want to look more into it, not just say buy it. let's go to michael in new jersey, michael? >> c >> caller >> caller: boo, boo, boo, boo, boo, ya! >> he's as fired up as anybody since i started the show. >> caller: i got a question about fold is the ticker. >> i think that stock is an ideal speck. i love these companies trying to solve issues like at brmn

let's go to allen in florida, allen? >> caller: thanks for taking my call, jim. i want to talk about exact sciences and lab corp -- >> they're losing too much money to be honest i'm baffled. i'm baffled by how they can lose so much money. that's what i don't like about it let's go to nick in new jersey, nick >> caller: boo-yah, jim! how are you? >> i'm doing well, nick. fellow new jerseyen. how about you? >> caller: very, very good thanks for asking. calling about array technologies. >> you know what say no more. you are looking for a new way. i was talking to ben it's absolutely right we got to find more i think array may be the way to play solar that's i think -- guy has horse sense.

devon, not the ennear gee but devon in new york. >> caller: long-time listener, first-time caller. >> fantastic. >> i want to ask about a passive real estate vehicle. triple net national retail properties nnn. >> okay. i only know them for florida based but i'll tell you this, triple net and lease i like realty income, letter o is my favorite go-to with a monthly paycheck and a very, very close to the same dividend and that, ladies and gentlemen is the conclusion of the lightning round. no . >> announcer: the lightning round is sponsored by td ameritrade make the know nothing work for you. j&j has a study for using caution to your advantage, next.

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this morning we saw a tremendous chaos in the stock market and i'm not talking about

the bizarre commputer error wit the stock and price turning normal no, intellectual chaos, more specifically intuition lunicy. for those who didn't do their homework, the action can be compelling and for the naive, wrong. what do i mean let me give you a classic example. john seson & johnson reported earnings they're a $440 billion company any company to trade in an accurate way reflects fundamentals the stock was down 5% year to date part of rotation out of soft goods and benefitted from a stronger economy anticipation of a soft landing and tightening cycle that's well and good but we know stocks ultimately trade on their ownfundamentals, not a brighte

scythe geist j&j should turn on its own earnings and guidance. it's positive. real positive. the excellent chief financial office dissected the quarter on squawk box the interview confirmed it was a remarkable upside surprise given the ceo was cautious like the beginning of the year. the stock rallied up a buck and a half i did my work and found the consumer division had a remarkable quarter with 6% organic growth it's not easy for a company with n tylenol to have a spike. concerns about the possible loss of key drugs were answered in a very positive way. the key negative was rebutted and a positive and the company's division was hurt by the shut down of china and that was

positive, too. i heard nothing on the actual conference call that would disturb that first upside move other than a moment when joe said j&j is a conservative company. that's a reason i like it so much it's not a bunch of yahoos telling you everything is great and it isn't now you have your assumptions up ended by better than expected quarter. does the stock stay up no there is a huge rotation with pharma there is one problem less informed people and machines, actual machines that do writing see the turn in the stock go down and then and only then do they make up a reason why it's down. oh, i heard that the consumer strength isn't sustainable and the company talked about the slowdown of the economy and possibility china is not coming back i heard everything other than the truth. the stock drops from $169.50 to $166 in almost a straight line this quite frankly is the market on stupid drugs. being driven by wrong headlines,

false assumptions and a belief you can simply watch the stock go down and then make a decision that the company is doing poorly what is going on the market doing calling there are some who know and do the homework for themselves and for others like the investing club like we try to do with j&j and others sueded by the action. these events happen every couple quarters but how about this? look over a ten-year horizon, you'll find nine times we learned j&j is doing badly despite the solid growth and phenomenal balance sheet and that period of time, the stock went from 163 to 168 and that does not include the very large dividend every one of these uninformed declines a buying opportunity. or to put it another way, the market/journalist industrial complex has been faking you out forever. sometimes you need to take counsel of those who know the real expectations and know they are beaten and buy the stock

rather than sell it because of the uninformed and negative action oh, and for the record, what happened well, could have bought j&j at a mice pla nice play because it was unchanged at $168. there is always a bull market somewhere and i promise to find it for you on "mad money." i'm jim cramer see you tomorrow that's egg-cruciating. [excruciating] you can ride it to and from the train station. "i want to be the next scrub daddy." stop the madness. there's more madness! uh-oh. what are you sales? 20 bucks a month. 20 bucks a month? oh! big merchants are going to love this. that's crazy. you are going to get crushed. ♪♪ first into the tank is a business that hopes to be a popular holiday tradition. [ laughs ] ♪♪