earnings here. >> yes. the reverse etf, of the tesla. and 10%. >> instead of chastising, we could learn from the energy companies that have done so well in the environment. truck and my mission is simple. to make you money. i am here to level the playing field for all investors. there is a market summer, and i promise to help you find it. mad money starts now. hey, i'm kramer. welcome to mad money. i'm just trying to make you a little money. my job is not just to entertain, educate and teach you. call me, or tweet me,

@jimcramer. we are trapped in the idea the federal reserve rules the business world. we forget the people who actually run businesses won't just rollover for a slower economy. they keep trying for you the shareholder, come hell or high water. maybe that's why i like business so much. today we saw what happens when you take the fed out of the equation. and remember how much money can be made by picking regular old stocks. nasdaq up 1.76%. now, all day, there were headlines exporting stocks were going up because we got a stronger than expected gross domestic product. that is a classic misdirection. it's wrong. we are in earnings season, but

there are a lot of snapshots, and many of them are wrong. many of them delivered good numbers. the federal deserve officials with their dogma about how the economy must be destroyed, we've got a chance to see what stocks look like when the underlined companies that are run well give us their report cards. let's do this. let's take down what you can find in the stock market. when you aren't sitting around paralyzed in fear waiting for fed meeting for fed meeting before you invest. in other words, let's talk about how you do quality stocks if you weren't scared out of your wits by worries about a fed mandated recession. let's start with not elon musk, we will get there eventually. we will get to the ceo of chevron, mike. he knows who really owns the

company. you. you, the shareholders. last time he announced a $75 billion buyback with wrist, which together send chevron stock up nearly 5%. it's one of the largest world companies, but at $75 billion buyback more than you 25% of the share count. of course if there is anything the biden administration likes more than you the oil industry is stock buybacks. they put out a statement, for a company that claimed not long ago it was working hard to increase oil production, heading out $75 billion to shareholders is an odd way to show it. increasing supply, and reduce across the american people. end quote. i would love to lori gasoline prices. but chevron is a business. that's not the way rockefeller ran standard oil. business is business, not a

public owned utility. plus mike wirth behind-the- scenes trying to work with washington, which does not care for this, to come up with plans that would get more oil to market. chevron spent $10 billion to reduce greenhouse gases. they made that announcement, because it was so big versus everyone else in the industry. the company has always been on oil production. they plan to increase it, 3%, which is a large amount. and how expensive it is to drill. in indonesia and thailand, hey, whitehouse look at the asterisk. if president biden really wants to lower gasoline prices he needs to cut a deal within the industry and streamline the pipeline construction process. we have tons of oil in this process, but we can't get it where it's needed, because there's so much opposition to pipelines, including from the white house, signaling out

chevron, committed to growing, while independents are returning cash to shareholders by barely growing? it's just unfair and ill advised. shareholders, it feels like a cheap shot to me. how regular people invest and one of the richest men on earth, sure, mike wirth. you can own shares in it too. chevron is doing great and wants to do more, and there is no give, easier pipeline placement, without, again, the oil the president wants. next, how about tesla? what did it do to preserve that 11% rally? it beat the numbers big-time. lester, tesla, 1.3 million cars at an astounding 17%. $12.6 billion net income alone. sellers constantly told me this

company was about to run out of money. wrong. cash machine. musk recently cut the price of his cars. and what happened next january they are seeing their strongest orders ever, orders that are twice the rate of production. it was a warning shot to gm, who might think twice about ramping up electrical vehicle production too fast unless their earnings take a hit, because they have lower prices for what they have now. okay. and then there is the best dealmaker in america. i learned from day one when the feds tighten it, you are supposed to sell or short every company you can find. a lot of trade stocks, down. but they reported an amazing quarter. but so prices were down. they wanted to prevent 2020 from being a record year.

these were true blowout numbers. the opposite of what is supposed to happen at this point in the business cycle. on the show later, didn't sit around acting terrified, because some fed gasbag says the economy is too hot, and we need more vicious rate hikes immediately, no. he runs his business, and his getting ready for all the federal infrastructure money that's going to rain down on nucor. this is a bizarre economy where the rules don't apply. you are supposed to run from retailers, but the stock of cramer tractor supply jumped 6%. how does that happen? simple. it is now run by a real merchant, and the place for th , i know it's a mouthful, ut they are trained to make it so rural areas are doing better in

america, post covid . he added style and made it less intimidating to go to. sometimes they made newbies feel unwelcome or even foolish. to contractor supply is strength in its stock. how about salesforce? it certainly could use a new board of directors that might be coming. we are hearing from bloomberg that the ceo has come to terms with investors, and even management, and adding fresh faces to an older board. salesforce, not 25% year to date. finally, i can't think of a worse stock going into recession to own, just a total showdown, then you the stock of united rentals. is a highly rental service for construction companies.

stock shot up almost 10% today. that is a better than expected, and the bears are betting against appeared the legacy playbook with what you are supposed to do in rate hikes have been shredded. it's confusing if you are on permanent negative autopilot and only a pay attention to the feds. if you watch individual companies, these will be a lot less surprising. bottom line, i have said over and over, during earnings season what matters is companies and the ceos with the smarts to direct them. remember today, it's exactly what happens when you are fed blind and corporate constructive. michelle in nevada. michelle? one hello, jim cramer. >> what's happening? gigafactory? >> northern nevada, but yeah .

>> i was speaking more state wise, but yeah, i hear you definitely, definitely. >> i am a long time listener. i have a stronger financial future because of the way high of that i have educated myself. determine thank you. join the club. the club is the next level. go ahead. >> yeah. so i have a small holding at albertson's, and i have enjoyed a little appreciation there. i've been watching the headlines. in fact, i got my dividend, last friday. >> oh yeah, the special dividend, congratulations! >> it was a nice little pocket full of money. i'm wondering what you think the future of albertson's is. >> um, it's done. i think, just move on. you got what you want and move on. i have to tell you, i like the

stock at kroger very much. i think that rodney mcmullen is doing a terrific job. and i wanted to come back on our show, i think that would be nice. i think he is a gem. i've said it before, i'll say it again. during earnings season, what matters is companies and the ceos with the smarts to direct them. they will keep trying to win for you, the shareholders, come hell or high water. what's the secret sauce to this deal? mccormick has lost spices of late. what it's going to do to bring the stock back, and bringing the heat you, i'm going to dig into that story with s.a.p . where does the deal stand now? i'm getting answers with the company's top brand. so, state with cramer. >> don't miss a second of mad money . follow, to 19, on

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look at the stock at nucor. from 100 to collect september, all the way to just under $170. now, a percent moved today, and what i can only call a stunning quarter. coming down from their highs,

is not supposed to happen. this time they delivered big revenue, on a 416 basis. this is all the more impressive, because nucor announced two weeks ago, before the end of the quarter, and today's numbers were much better. at the same time, management gave bullish comments for the quarter. you need to sell stocks at this point in the business cycle, but with so much federal infrastructure spending about to hit, and so many smart acquisitions, i want to stick with this one. don't take it from me. let's check in with the disabilities. welcome back to mad money, neil. >> thank you, jim. i appreciate you having me today. i have to tell you, the investments you made in the future, in the future, last year, when everyone told me you would be lucky if you earned, say, 8-$10 and 2023, are already paying off. can you tell me about adding

capability and not capacity? >> yeah, absolutely, jim . our team is firing on all cylinders. you are seeing a combination of 31,000 like-minded people executing at a very high level generated over $40 billion in revenue. 11 1/2 billion. all of that, jim, to say, and you know this, that share our profits with our team. for what our team produced to approach $1 billion that will return back to our team officer level. i couldn't be more proud of how they are executing but the acquisition you mentioned is going well. it was the largest acquisition in our history, which we acquired last summer. expectations at that time, about $230 million, at about 13

x multiple, bringing that incremental down to about 9. so they have done an incredible job . highs continued as we move forward. >> so i think there are people who have heard prices went down, actually significantly. we would presume a company like nucor has no choice but to follow that down. but, instead, even gave mid-december guidance and crushed that guidance. can you explain to people at home how prices going down does not necessarily correlate with how nucor does? >> yeah, absolutely. the clean, sophisticated

producer, prices softened in 2022. our products divisions earned records performance and record highs. quite frankly, most of our product segments that we move into, into the market spent all time highs and profitability, and again we expect those trends to continue well into 2023. >> you mentioned the terrific, let's take distributions you made to your workers, which is fantastic. in 2022, that's about the number people thought you had earned. there's tremendous mistry between how you could give out that much and then come in next year even stronger. what is in the dna at nucor? >> it begins with the team members. i couldn't be more proud to serve alongside them.

our strategy, we talked about that nucor position today, not five years away, that we can provide those steels that are required today. $55 billion in funding, trades to about 27 different projects, of which, that advanced manufacturing sector is discerning. and they want cleaner products. nucor can help them meet their object lives and me sustainability now, and well into the future. as we think about infrastructure, the ira, automotive, as well as the chips. >> i am glad you mentioned the chips and the ira. i have the privilege of being friends with some of the largest companies that will be the contractors. they want to talk to me, and i said where does nucor fit in? they said you have to understand we have to get the contracts, put them out for

bid, and then the money just goes to nucor. [ laughter ] i mean you both said it. it seems to me of all the spending for infrastructure, for bridges, for tunnels, for the big plants in ohio, all i keep hearing is that this is coming nucor's way. can you handle all this? absolutely, bring it on. we couldn't be more excited. our team is ready, we are well positioned and funded and structured. we will meet the needs, and again, the capabilities. we don't care about growing, size, in terms of capacity. we are providing a differentiated proposition in the game, the demand today from our customers is to meet their incredible needs in terms of safe, sustainable steel, delivered on time, and the right quality. we are able to do all of that today. >> do you think people know

you are the largest recycler in the country? >> i am sorry jim, what was that? >> that you are the largest recycler in our country? >> we are the largest recycler in the western hemisphere, yeah, and we have been for a long time to read as the green movement has come to fruition over the last few years, nucor has been the artist recycler going back for a long time, and again, we are not staying where we are at. while others invest hundreds of millions of billions to get to where nucor is at today, in five and 10 years, we are going to continue to accelerate that growth in driving our carbon footprint down to next to zero. and again today, we can provide net zero steel in 2023. we expect to be pushing million tons in two places in the automotive sector. in the hvac sector and manufacturing sector.

>> well, look, i think that the numbers going to be gigantic for this year, but even bigger, according to my sources. i don't disagree with it. thank you, leon topalian. great to see you on the show, again. >> thank you, jim. i appreciate you having me. truck and coming up, is it time to put the spice on ice? mccormick joins the show after an earnings report that just doesn't have the kick. 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.

mccormick, the big maker of spices and hotspots. this company has been struggling for a bit now. the packaged food stuffs have gone up, you know that. they had to raise prices to offset prices like other companies. we had them on the show, but some think that may have driven away customers. let's find out if that's true.

first, i need to know more about that. sales, down 2% year over year. now there are many different reasons why that happened. not only is there consumer division slowing, worse, their came in below consensus. 5.8%, today. what will it take to turn this story ran? let's take a close look with the chairman and ceo of mccormick. when you look at what comes next , it's great to have you back. >> it is great to be with you again on your side. >> everybody knows china is a tough place to do business. we could talk about the strong dollar, i want to talk about these brands and how they are not as elastic as people think. give us a view about why you

are so calm about the future. is it because of the product? some strange one-time things have happened in the past. >> 2023, i want to be clear, underlying trends that drove our business in the past are still fully intact, consumers want great flavor. there is an ever-growing demand for flavor. the second thing is to manders consumers want to cook at home. from the pandemic through the pandemic, it continues to be up today as we face economic tough times. and people of cooking at home. it has been an outlook for creativity. it helps bring families together. these are all trends that are really supportive of our business. >> are there people who will go up because things got tougher individuals, who are buying the lesser known brands? i have always thought i could buy mccormick or a house brand, and it's also mccormick. >> you know, a lot of the big

brands with trouble with supplies but we were able to keep supply solid. our business has grown, and we have grown market share. and consumers want value. value doesn't necessarily mean the lowest prices. so bigger sizes, you know, in many cases, our products are part of the solution for the consumer's overall grocery basket. it's a great way to stretch hamburger into taco filling. innovation has been introduced, great products like our lowery spices that fill the price gap between our redcap brand and store brands. what we are seeing with this one as we launched it, consumers aren't trading down, they are trading up from private labels to the brand. consumers want the emotional lift and quality of the brand. >> why was so much of the

discussion today about service levels and what's going on outside the home? because, i think there are supply-chain issues there, but there was a lot of time service. but this is not one time. >> that's exactly right. this demand is not one time . >> no. it's sustained. and there are a lot of challenges on services. we went through the whole pandemic, and even through last year. but our service levels to our customers are close to the pandemic levels now. we are over the hump on all that stuff. we see minor issues here and there, but services are looking good. that was part of the discussion on the call, jim. >> discussion got cold and caught on that. >> that's right. service levels got pretty good in the fourth quarter, last year, and we restocked retailers, and restocking is what made the fourth quarter look weaker maybe than it

actually was. real consumption, through the scanner, consumers were actually buying, was actually the strongest consumption quarter of the year. >> that's what i wanted to hear. i also wanted to talk about, when i go to the store i just don't see french's yellow that i am so used to to. you've got many different ones, which we like, because mustard has no calories. from my restaurant, i felt like if you could extend the brand, there are remarkable things happening in just the regular spice aisle. i think perhaps people didn't talk enough about what is the proprietor. mkc and there's a lot of variety out there, jim. i'm not surprised you saw varieties of mustard. everybody knows when you go to the store you see dozens of varieties of hot sauces. but there are a few brands that only matter. french's number-one mustard in

the u.s.. it has been on allocation through the whole pandemic, because we couldn't get enough packages to keep up with demand. we took it off allocation in the fourth quarter just by being off of allocation we have almost two full share points of the market. >> i imagine that is the case for your hot sauce . there are supply-chain issues, but this is the new mccormick. >> and that's what it's us confidence on the outlook going forward. the consumer demand is there. it's the same thing on the other side of our businesses. our food service business has been a rock star through the year. we have gained a ton of marketshare. the flavor part where we supply flavor to our other cpt companies is really slow. >> and this is on everybody's table, at home, and honestly,

jim, it's harder and harder to find a restaurant that doesn't have this. >> i'm going to look at it like this. the economy, there are a lot of people who won cyclicals. there are people hung up on technology. we believe, in a diversified portfolio. high quality companies that do well overtime. that is what ccormick is. and i wish the analysts, regular people at home are not focused on it, but i got a lot of good things that happened were buried within certain issues they are worried about, that i believe will be straightened out in 2023. and that is because i have confidence in you and what you said at the very beginning. and i'm sticking with you, and i'm sticking with mccormick. >> well, thank you, jim. i present and ceo of mccormick. people don't trade down, they stock, and make more at home.

stay tuned. coming up, amid b jocuts and an industry slowdown, s.a.p. has issued amends. we all have a purpose in life - a “why.” 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? 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. ♪ this feels so right... ♪ adt systems now feature google products like the nest cam with floodlight, with intelligent alerts

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we spent a lot of time her , bringing our hands about the enterprise slowdown. but not all are created equal, some are holding up a lot better than others. take s.a.p. much the coming up specializes in what's known as exercise resource planning. it bottomed in late september.

since then it has gone from about $79-$114. better expected revenue, but seemingly big earnings list,. when you look at income it was solidly higher than anticipated, and that's what matters. today, daniel e2 percent. but it is clear s.a.p. isn't seeing the same struggles as the rest of the industry. i really like this company and the power it has, globally, with so many kinds and walks of life. we spoke to christian klein, ceo of s.a.p. i hope you like it as much as i do. take a look. >> christian? it is great to have you on the show, and given the fact it's the first time , i would absolutely love you to describe to the people how integral you are to so many companies around

the world. >> yeah, thanks for having me, jim. why didn't you invite me earlier? >> because i am an idiot. your company is so important. >> [ laughter ] no, no. >> there is a company in the world that would not think of you when they are trained to do some kind of reorganization or get better. and you guys are behind so much. >> 100% right, jim. actually, 99% of your customers in the show, are also my customers, s.a.p. customers. 400,000 customers, one s.a.p , in car finance and car supply- chain, manufacturing wing, procurement, and s.a.p. is more relevant than ever when it comes to business transfer mission. we talked about resilience, and it's also about giving all of these enterprises into sustainability and help them to have transparency. and this is what s.a.p.

is about. >> so let me ask. you are a big company. you , porsche, bmw, whatever, now those are your companies, they would know you and know to turn to s.a.p.. what say, nba, how would they know to turn to s.a.p.? >> also the nba knows us really well, the nfl knows us very well. even more important, they are using our software. >> everybody does love you, i checked. but i'm saying, it is so interesting, we very rarely find huge european companies that are behind the scenes doing so much in our country. and, i just want people to understand that there is a lot of things that no one else seems to know how to do, but you. >> yes, no, indeed. the united states is our biggest market. today, we have a strategic partnership. they want to work

in auto manufacturing, they need a supply-chain, they need smarter decisions, and this is where we are helping. >> let's go over there , he's an incredible manager. we knew him when he was with american tower. yuko you do you hear him say, i have to make this company more streamlined? when he calls you, and i'm sure he calls you, what does he say? and what do you offer? >> it feels like you are part of this call. >> i've always wanted your company, one. i think you are a remarkable company. and there are many who cannot take a move without you, and i want people to understand what you regard as understandable. >> coming out of economic

form, there are pressing needs, but what are companies have in common, first off, how can i transfer my company? take utilities. how can i become a problem or or resilient supply chain? my supply chain is disrupted. s.a.p. can help to enact with all my suppliers. and first, i have to take care and act on sustainability. and s.a.p. has the data, not only from my company, but we connect your supplier. >> when i look at it, there are two parts, let's say he required a lot of companies, you don't have any idea how they all work, the accounting business. you go to s.a.p.. what you are doing in the cloud, they are both integral to what your company does. >> absolutely. often times it is also how

s.a.p. got started. then when you are running finance, why not run payroll with s.a.p.? handling all my services with s.a.p.? when i do that i want all my logistics with s.a.p. this is how we are expanding our footprint. now we are running the world's largest companies, and we are running the whole value chain. often times, betting on s.a.p. very important, we have huge system of 2000 partners, because this is a joint transformation enhancing the value of our portfolio and its partner holding on our platform, new innovations. >> you also are restructuring a streamlined, some would say, what was the point of that? i know there were people who you let go and i'm figure out if that had anything to do with a weaker economy, or if you wanted a stronger s.a.p.

>> first, when we reported earnings today, our backlog isn't 12 billion, growing 4%. we want to grow our business by another 25%. so the business is in a really good shape. why restructure? because we are winning in our calls for volume. we are winning in supply chains. there are other areas of the portfolio where we say, hey, we want to lift and shift investments to this card to further expand market share, to further increase the competitiveness of s.a.p., to make sure not only in 2023, and in the years ahead, we see more in the cloud. >> we have had them on the show a number of times. we think their company is great. aba didn't quite fit in with the corporate portfolio, and that's why you are looking to sell the rest of it? >> it is a great product.

they have a great partnership. but to get out, hey, maybe there is a potential sale of s.a.p. because what we are doing today we can also can continue to do while we can significantly enhance the value for our shareholders. and this is why we are moving in this direction. >> you have an amazing job. i am honored to have you on the show. you work at a very important company, and you completely understand american business as well as business around the world. that is christian klein, ceo of s.a.p. first time on the show. thank you so much, sir. >> things for having me, jim . i

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it is time. and then the lightning round is over. are you ready? let's start with hb, from texas. >> hey, jim, boo-ya.

my little girl loves to watch your show, she says hi. >> i love cc. >> thank you. we are looking at southern. >> i like the fact that southern, it gives you 4% use. i'm going to bless the idea and reinvest those dividends. next, we are going to go to ji , in pennsylvania, like me. jim? >> boo ya! it's jim. don't give up the ship , you are my longtime investment captain. >> aye-aye! >> mountain pass. mp, mountain pass, one of the few that i have ever liked. elon musk and he says listen,

the sky is the limit for the metals that go into this car. these are rare metals we want to get out of china. i say thumbs up. mp materials. now we will go to keith, in georgia. keith did. >> thank you. it saved me a ton of money. i appreciate it. one excellent, oh, excellent. >> listen, so i know you like the services sector. stock in the sector, pc, rs, they blew it out of the water, 12% gained in one day and that's what you do. they gave great guidance, and

it looks like -- >> exhibited the same problem, which we own for the travel trust. some scrubbers and members of the investing cnbc, it is frustrating. same thing happened here. you are going to make a lot of money. stick with the stock. how about we go to david, in pennsylvania? david? >> maestro, how are we doing? >> i'm doing fine, how about you? >> not bad. [ laughter ] >> it's just beginning, and we don't know yet. >> it's been a nightmare . we are strong. what's up? >> marv l reed >> marv l is a great company .

high-performance computing, and less pcs, much less with gaming. but it gets lumped in. so i have to tell you i don't want to buy until the reports. then we will take a solid look at it. it is run by a guy named matt murphy. if you do it now it will be just fine. how about we go to joe, in new york? joe. >> boo ya , jim. >> familial boo ya . >> i missed do you think? >> he likes the chinese automakers. who am i to go against the smartest man in the world? and that, ladies and gentlemen is your lightning round! >> the lightning round is sponsored by td ameritrade.

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we still have a labor shortage in the country. we learned trying to hire 15,000 people for burrito

season, at chipotle. i've never heard of burrito season. they will have a hard time finding those 15,000, because workers are being laid off right now are unlikely to take those jobs. keep in mind the only missed layoffs we are seeing are intact, specifically enterprise software or digital media firms, like salesforce, google, or meta. even if they were interested in the burrito option, they have been given nice severance packages, enough to coast on for a long time. if they are smart that is exactly what they will do. it gives them time to canvas what they want to work for her it. so far they have accrued 20,000, but they need thousands more. in the end that chipotle has to hire from the same service sector pool as other restaurants and retailers. that is where the sticky

commits. they have more bargaining power which translates into higher wages. they can then spend that on all sorts of stuff which pushes up the price index. if you are running the federal reserve, part of your job is to make price stability. unless they take interest rates so high that things like tripoli's burrito season doesn't happen anymore. i have no idea what it takes to cancel burrito season. yes, the fed is making real progress against inflation. and dr horton says they are showing weakness. a truly punishing quarter, talking about a challenging demand of 2023. at the same time, dow chemical reported weak results.

in europe, sky high energy prices make it hard to handle. what are they going to do? i don't want to cancel burrito season, but i think they will not be able to expand their business without immediate return. the economy holds its breath a bit and catch up. eli lilly spending to expand its operation. its fda drug will probably be used for weight loss. i think these plans get shelved once rates are too high. but maybe it stops before the feds can crush inflation, simply we don't have enough people in the country, and they can't create them. that is a fortunate and unfortunate thing. anyone in america will be able

to find a job, and that's fantastic. those jobs will have better pay and better wage conditions. the working conditions are terrific. the downside is everything gets more expensive. those with no job offer will never be able to keep pace. i like to say this, always a bull market summer. here on mad money, i'm jim cramer. see you tomorrow. can i counter? ohh! just listen to what you're doing right now. i'm so frustrated listening to this. you're a walking billboard of inspiration. you have done nothing to prove to us that you can execute. but guess what, kevin? that can be us. when i ask you that question, i'm expecting a clear answer. you might be my next husband. i don't have to make a deal here today. i'll just marry you. [ laughing ] ♪♪ kev. fantastic. pump. pump.