different views about where they see different products >> we've got earnings, the fed starting tomorrow. so it's huge yeah all right. mike wilson of morgan stanley tomorrow, also michael of aries. back for day two my mission is simple, to make you money i'm here the 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 a little money my job is not just to entertain, educate but tell it like it is call me or tweet me @jimcramer fang is dead not because they changed the darn names

they did that years ago. fang is dead because it's becoming less and less relevant and useful to the future direction of the market. on a day where the market came in soft and the dow slipping, s&p losing 1.30% and the nasdaq tumbling 1.96%, it's time to ponder the demise of something we created on "mad money" a. funny nickname for stocks. facebook, amazon, netflix and google they changed names to emphasize they're larger sprawling businesses than they were once, even though neither name has any pull or interest let alone gravity. let's go back to the original name so did you the new ones never seemed to catch on we know what google does what the heck is alphabet. we used facebook and don't frequent the metaverse sorry. plus the acronym didn't anticipate the ascending of apple or tesla or microsoft. hence that latest fang plus m. come on. let retire the whole thing

please this week we get earnings from meta, amazon, apple. other than apple these companies made themselves irrelevant thanks to their lack of predictable on contempt for the process of reporting meta is unkcommunicating from get-go we're trying to see if mark zuckerberg is working from the universe i don't know the good news is meta stock has come down where i think the stock is incredibly cheap if they were simply to spin off what's app, the value proposition would be obvious it soared since '885 so i can't pound the table. a black box that's too little. amazon is how many people are willing to fire. if they fire a lot, then the stock sores. if they don't, the stock goes

down because e commerce is a percentage of retail sales from 16% to 24% at the peak of the pandemic and now falling back to 22%. okay amazon has barely done any firing or consolidating. that is ill advised. by the way, it doesn't matter how much they're making amazon web services i bet they won't tell you explicitly they might give us a read on advertising. maybe they don't i hope they do maybe they don't does amazon worth a trillion dollars? yes, if it lays off a lot of people netflix, although, only $157 billion company it didn't keep pace this is the only fang component that's thriving but too small to matter they put out a forecast, thank you. they beat it stock goes higher. they don't beat it, stock goes lower. whether they can beat it is like any other tv studio and you can figure that out. netflix isn't special anymore. alphabet is harder

like meta, they offer no easy way to understand the business they have all sorts of health care operations, a.i self-driving cars. they bought that for a song but now it's probably worth half a song i'm hoping to see a way to arizona to get to the super bowl maybe i can hail one maybe i can't. alphabet in short is a total mishmosh there is a name better than alphabet is alphabet worth 1.2 trillion got a huge cash position own it for the charitable trust but not enthusiastic for the stock at the moment because we lack -- it looks transparency as stock pickers but it's too cheap. not that great a reason, not that bad a reason. the magic is lost as with meta because these turned out to be largely advertising businesses and right now advertising is awful. that's what clients stop spending on and a slowdown and advertising recession is a terrible thing to waste. this is no close situation

they would be better acknowledging that they're challenged on throwing on clothes. problem seems they seem contempt playing pretend. that's what annoys me. doesn't make thenm expensive bu it's difficult too difficult. in short, i believe fang is worthless as a name and acronym because of share nobody cares anymore because you can't figure out anything. why don't companies -- we don't want companies we're tired of companies that won't admit there is a game going on i certainly don't blame them for wanting to be opaque who wants to answer to anyone? if you're the head coach of a football team, do you want to answer to fans and ticketholders? no, of course not. i think these companies give you plenty of details and good stats but take it or leave it process and they're public nfl teams are private. they act like wall street is willing to give them the benefit

of the doubt, but that hasn't been for awhile now. hence the huge frustration, the erratic nature of which they trade. benefit of the doubt that's totally vanished. all right. now, just so you know not everyone is in contempt. let talk about the biggest and the best let's compare to apple that reports on thursday and wasn't the original fang. apple's remarkable company tells you a great deal of how they are doing to make informed decisions whether they're buying or selling. with apple you can figure out how many phones are in play and how many people reup when the contract is up and how much that customer might be worth. we have nothing like that for meta, alphabet or amazon they have selling for 23 times earnings, which is less than consumer package goods company that make bleach tooth paste own the stock, don't trade it.

you saw meta and alphabet have lower multiple multiples. they are less meaningful because they have no less insight whether or not they can make the estimates. now, i'm not saying these companies are unkimportant. they are too big to be ignored make a decision about their enterprise, not earnings but what you think about the scythe geist. it would translate into higher valuations but don't ask me how they're going to do when they report this thursday because nobody has an idea except maybe the most upper echelon and they say nothing, nothing at all to anyone that's one of the reasons the market has driven back to the banks, cyclical and retailers and transports and health care there are objective ways to compare and contrast old fashioned companicompanies. they don't just issue new shares willy-nilly, they pay people cash on the barrel head and play the game they like playing regular

dividends. they buy back stock. they recognize their maturity. they understand there is a process all companies should go through. you can say no, jim, warren buffet doesn't play the game sure but he is generous he's never claimed burke shire math -- burke shire math away was anything unlike burke shire math away they don't know anything about buffet buffet has an incredible ex extremely long track record. a few years ago, fang could get away with it, too. but not anymore. the magic is gone. they got to play by the rules. all that's left right now is skepticism let's take calls let's go to steve in north carolina steve? >> caller: hey, jim. >> steve, what's up? >> caller: i'm an objection club

member and been doing homework as you suggest. >> perfect >> caller: so a couple of weeks ago, you were using certain met tr -- metrics to narrow down a list of five stocks to recommend. this one didn't make the final cut but on the board before the trim to the final five. >> indeed. >> caller: the company has a pe of 10 and a 3% yield what are your thoughts on netapp >> that was a subjective list. netapp we had mixed feelings on. a good yield we couldn't figure out what the catalyst would be to buy it. we had no catalyst so steve, patience is warranted if there is a situation with no catalyst. let's go to richard in maryland, richard? >> caller: hi, jim, long time, second time and thank you in advance for your help with my question in february 2020 you said

positive things about a well integrated multi service company and the name of the parent company of u-haul. i checked it out and bought shares for my ira. my net gain after selling shares on the way up is now 135%, thank you. the past -- >> nice. >> caller: this past november the stock split 10 for 1 and distributed the new shares as non-voting tracking stock. the tracking b shares pay 4 cents per share dividend so i'm curious what you think. i've got these two sets of shares, which one should i consolidate into does it matter to you? >> you know what i know this just happened. i saw them ring the morning bell and before i just said you got to do a or b, i have to do more work because when i saw it, i realized i should have brought the stuff home i said look at you ringing the bell i didn't do the work a lot of things happening right

now. i apologize. i'll get on it and come back to you. the magic of fang is gone. all that's left is skepticism. opaque, lack of transparency but they're not warren buffet. on "mad money" tonight, it's been a strong start of the year for the ma rrket but there is a resurgence in the stocks that might call speculative, some might call risky is it time to change your plan and add speculation to your port portfolio? i'll give you my take. did the market bottom or are we in for a rude awakening some day soon i'll go off the charts to find and then, could prologic be right for your company stay with cramer

>> announcer: don't misa ss a second of "mad money." have a question tweet cramer #mad #madtweets send jimm an email to madmoney@cnbc.com or call us at 800-743-cnbc miss something miss something head to "mad momadmoney.cnbc.co. [office ♪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. want more from your vitamins? get more with nature's bounty. from the first-ever triple action sleep supplement. to daily digestive support. to more wellness solutions every day. get more with nature's bounty. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

i screwed up. mhm. matching your job description. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck.

as we come to the end of january, we've seen something remarkable the out performance of all things speculative, whether we're talking spacs, recent ipos, nearly all the worst performing groups with the biggest winners of 2023 and warn you away from them and recommend more mature companies than the real dividends and cheap stocks

and you know what? i'm not backing away from my view wall street got too speculative? a bunch of reasons getting hammered by selling offsets and money managers buy them back in january. down 37% and the dow fundamentals this month's repurchasing season, second, more importantly, wall street is now a lotless worried about the federal reserve thanks to a series of cooler than expected data points and the fight numbers. put it together there is a wide spread sense the fed is winning the war against inflation. the rapid rate hikes are having a negative back on the economy

they are to some degree. if that's the case, it's reasonable to assume the back off even further with the tightening efforts the fed stops hitting the brakes, wall street says it's safe to buy all the stocks crushed by the rate hikes. everything speculative gets killed in a tightening cycle because these are stocks that trade on the future earnings many years down the road when inflation is ramped. they are worth less money. once people convince themselves that the fed might sport cutting interest rates for the end of the year which is what the fed future market is predicting, owning speculative stocks become less dangerous and that's what is going on. they're just jumping the gun here they expect a conclusion and then they expect a cut it's crazy that's how bullish they are. at the same time, if you think the fed might ease up because we're headed for a hard landing, that's a reason money managers would rotate out of the stocks you find the dow jones average and back to more speculative

tech names that make the nasdaq. these speculative stocks are about the long haul. if you own something for the future five years down the le a slower economy that's ark-like investing. ka the cathie wood that's what happens between people reversing moods, the tax law selling season and the negative economic data that's convinced them not fed will go easier on us, the whole speculative emphasis made a gigantic come back there is only one problem. i'm not buying it. t i don't think they're ready to declare victory and i would be surprised if they cut rates by the end of the year. we have a bunch of softer macro economic data points but higher than expected numbers more reasonably we got the preliminary global purchasing data for january, which was stronger than anticipated, the fourth quarter gdp reading was terrific up

2.9% wall street is looking for 2.6%. labor shortages across the bulk of the economy, a lot of companies outside of tech are hiring what's the problem with the more robust economy nothing if you're a regular person but bad news for the highly speculative stocks if the fed is willing to slow down the pace of the rate hikes and get a soft landing thanks means it's safe to own the economically sensitive stocks, the one i've been saying to buy. the one you might find the mighty dow by comparison, buying a cohort is hard to justify when the cyclicals look poised. where are people getting the idea the fed is finished people buying the spacs or cloud software plays, enterprise software getting off size. while inflation cooled down somewhat, we're a long way from where jay powell wants us to be and the gdp number could empower the hawks and fed that want to keep raising rates indefinitely

and consistently the fed is trying to kill inflation but in recent weeks, commodity inflation is rising from its grief lumber up 30% year to date and metals, dr. copper so important for economic growth up 10% at the highest level since last june while natural gas keeps getting crushed by the warm weather, oil is moving up several points from the lows earlier this month. commodities are important. they were the first sign that inflation might soon be peeking last summer. the fact they rebounded hard now is not a good sign maybe the fed bought the titan more than we thought through the heart of inflation, which is wage inflation and that's a battle that the fed fears losing and they fear that more than anything excuse me. there have been no signs that wage inflation is cooling. that's the main reason why the fed is continuing to tighten remember, keep that in front of you. wage inflation is the problem.

i don't think the fed will be super aggressive i'm not in that camp i expect 25 basis point rate hike this week like everybody else nothing more than that but i fear inflation is on the rebound. there are plenty of ways that they could be more hawkish than expected, maybe in the techs, maybe in the press conference. wall street is expecting one more rate hike this week and maybe they will do that. they can simply leave rates higher for longer. the future market is forecasting rate cuts. that would make hard for the speculative cohort and look, i could go on and on we've already highlighted charts from larry williams who thinks the tech heavy nasdaq is headed for a major rough patch. he's great on the calls. remember what he likes, the workhorses, cyclical, not the show horses, the ridiculously over valued nasdaq names and of course some of the crypto and all the rest of that plus let's not forget most of these speck names haven't reported earnings yet. plug power, hydrogen engineer he

play up from last wednesday and announced a huge short fall. the stock got obliterated. that might be the templet for the big money users after a day where speculative stocks got pounded, not too late to sale. it's dangerous to earn stocks that goes double for anything super speculative that could fall flat on its face. don't be afraid to take these kinds of stocks off the table. i'm really urging you to make sales right now of the stuff that is junk that's run up along the good ones. you know what is junk. you know what in your portfolio should be going up because they're not doing well bottom line, don't get ahead of yourself with the federal research they made a remarkable comeback but jay powell can put an end to that by hitting us where a couple hawkish sentences stick with the companies that make real things or provide real services at a profit and have you. >> sell, sell, sell. >> the speculative stock you made real good money on because it's time to go.

"mad money" is back after the break. >> announcer: coming up, bears or bulls the market's near future could be decided this week find out what to watch for, next ♪ ♪

a cyber-attack can grind everything to a halt. cisco security keeps your company moving forward. because if it's connected, it's protected. cisco.

♪♪ 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? ♪♪ here is a question i thought everybody was asking about did the market really bottom or is this whole recent rally nothing more than a dream? the rude awakening started today. more averages traded, take it out of the equation. assess the situation with the help of mark sebastian. a brilliant technician and the founder of option pit.com. i've been following his stuff

for more than a decade we need a better read of the action because he's a volatility expert and volatility could be the key to understanding the moment i like this as a way to let's just say put it in perspective first, look at the daily chart of the s&p 500 you can see clearly we made an important low in october that's pretty clear, right from a technical perspective, a new low doesn't necessarily mean anything for charters, the real change came more recently when the s&p 500 broke out above the downward sloping down trend. boom, right here, right? sebastian points out from the s&p's peak in january last year to the high on march 29th to the next lower high in mid august to still one more lower high in december, the index couldn't breakthrough the ceiling of resistance we seen that several times from several charters the market l will come back dow.

a few days later, the 23rd the s&p did break out and we stayed above it for six sessions that makes people excited including me, as long as it's broad. this chart is broken in negative pattern. it's held us down for more thathan a year we need to look at the cboe volatility index and compare it to the s&p because this gives you a better read on the underlying level of fear interpretation they normally go in opposite directions lower stock prices equals higher fear so that's what you expect at pivotal moments they move in the same direction saying a trend is about to change because a rally with rising fear is not going to last and a selloff with decline will be short lived. make sense check out the daily action in the s&p and vix to 2021. the two-year low was october 21st and we highlight that when the market was starting to crest. you know, right there.

okay about a month before the fed declared war on inflation and the bears started going on a ram rampage, after that october 2021 low the vix spent the next two and a half months rallying like crazy and when the s&p was rising bad sign for any move higher right? sure enough it marked the peak for the whole market this was foreshadowed and nothing but down then after the peak, the vix and s&p going back and plummets. the volatility index peaked in march but that wasn't the bottom for the stock market, not even close. why we ask about last ebastian w what happened when it made a new low. check this out from last february to the present moment now talking about right now. okay see, every time the s&p made a new low during this period,

sebastian notes the vix actually peaked at a lower level. okay at the same time, let's look at the next chart, just about every lower high for the s&p saw a lower low for the vix. okay so what was going on here? how can the market be at new highs while they show wall street is getting progressively less frail the vix is a way to measure the perceived future volatility, it does a good job measuring the overall level of the fear gauge for good reason. here is how sebastian sees it. what is the scariest part of a horror movie not the ax murdering but the scene before when the suspension is building and waiting for the killer to jump out of the closet and bam. to sebastian, the bulk of last year was the ax murdering. the most terrifying point, the jump scare happened in the first quarter of last year and he points out another thing

the new lows and volatility index have been bought and the s&p is almost immediately sold off hard some of the vix pops have been shorter like we saw last may or december others have been longer like the pop we saw in august that accurately predicted the oncoming obliteration of the s&p 500. look at this boom now, let's zoom in on the action the s&p and the vix over the last month so we can talk about the current moment sebastian really doesn't like what he sees on the 13th, the volatility index made a new low okay since then the s&p continued to rally. the s&p low. do you see that? the s&p. yeah continue to rally. this is the black line remember, when these two lines move in the same direction, it usually means you can't trust the action in this, in the s&p not going to be working because while the market is rising, the

fear is rising, too. you have both of these, s&p going up and fear going up sebastian thinks we're absolutely going to see a retest of the floor of support at the 200-day moving average if that floor doesn't hold, he wouldn't be surprised to see the s&p plunging around 3400 so if that doesn't hold, he thinks we're going much lower this is assuming something goes very wrong this week maybe a much hasher than expected fed meeting he's not sure whether the bottom will hold. if the s&p can bounce with the 200-day moving average, the purple one that bounces here, or even if it can stay above the 3800 line, which is right here, then rally for a couple of days, well, then, maybe we would be okay take that as a sign the rally is for real if that floor doesn't hold, he can see the market revisiting the fallo lows. if it makes a lower high rather than a high one, sebastian would be a buyer because he suspects that would be the bottom

shoots up and go lower the bottom line, the chart is inter interpreted by mark sebastian. they can avoid a major decline feeling optimistic about the future and gets clobbers, he sees more downside watch the averages, watch the volatility index to see if the action is telling the truth. i'm feeling better than he is but we'll have a much clearer picture in a couple days and you know about the vix interchanges with the s&p and not signaling good things as i think the s&p is broadening out and i am in a better, more, i'd say, bullish fashion. let's go to brittany in california, brittany >> caller: hey, jim, i just wanted to say thank you for what you do for us home gamers. >> thank you, brittany. >> caller: you helped me with a down payment when i was 26. >> that i just love to hear. because then i can tell lisa, my wife, see, i'm helping people which is what we're trying to

figure out thank you very much. >> reporter: -- >> caller: i bought this at 480 back to the bottom of the trading range and small position and got hit by the downgrades and i'm like did i not do enough research on this stock because i'm looking at lockheed martin and they pay half. do i stick with my guns and go in at 430 right now and double down and go more at 400 or do i go with lockheed >> great question. i happen to be a huge fan of lockheed martin and raythion but because they have fallen so much, i think it jumps that whole queue and becomes the one you should be buying so brittany, you're in great shape and i'd buy more tomorrow. thank you for the kind words it means a great deal to me as did the kind people that told me this weekend that they enjoy what we do on the show thank you.

tonight's charters believe we're at a crossroads. if the s&p 500 can avoid a major decline this week he gets optimistic if not, more downside. very difficult crux moment. there is much more "mad money" ahead. after reporting a top and bottom line beat a couple weeks ago, i'm digging deep torer to see t quarter strength and it's been two years since the market with game stop and amc. what is the real take away about what happened? i have a very tough look at what happened and i'm going to give you my take. and of course, all your calls rapid fire in tonight's edition of the lightening round. of the lightening round. so stay with cramer. ♪♪ i was having relationship issues with my old bank. it was just take, take, take.

so i moved to sofi checking and savings. get up to 3.75% interest, and earn up to $250 when you set up direct deposit. sofi. get your money right. you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. lomita feed is 101 years old this year and counting. i'm bill lockwood, current caretaker and owner. when covid hit, we had some challenges like a lot of businesses did. i heard about the payroll tax refund, it allowed us to keep the amount of people that we needed and the people that have been here taking care of us. see if your business may qualify. go to getrefunds.com. ♪ looking for something like this?

super heroes are everywhere. in our movies, communities, and running our small businesses. and they can grow online securely with mastercard tools, extending their reach far beyond the storefront. because when you see the super hero you can be, that's priceless. mastercard is proud to support black panther: wakanda forever. ♪♪ i was having challenges with my old bank. lots of red flags. fees, penalties. so i broke up with bad banking and moved on with sofi checking and savings. now, i earn higher interest on all my money, and pay no account fees. sofi. get your money right. (vo) wells fargo lets you know where you stand with your fico credit score. what if you knew where you stood with everything?

like your future in-laws... (boyfriend) hope you like cats... (hero inner thought) i hope your parents like me... they're whispering. (father in-law) the kitties like her... (hero inner thought) can they tell i'm allergic? (mother in-law) tears of joy... (father in-law) welcome to the family! (hero inner thought) whew! (vo) like knowing where you stand? when it comes to your credit score, you can with wells fargo.

okay is the finally safe to go back to prologis? for years this was indeed one of my favorite stocks look to last year. what rolled over is major e commerce like amazon maybe they over invested in infrastructure i never believed the logistics slowdown would hit them because they keep putting up great numbers like the rest of the market, though, the stocks hit the bottom in mid october and since the $98 and 127 and change and reported another excellent quarter a couple weeks ago the full year forecast was mixed, nobody seemed to mind because the stobck came down so traum dramatically can the rebound continue the co-founder, chairman and ceo to get a better read on the situation. welcome back to "mad money."

>> great to see you again, jim how are you? >> doing great, how about you? >> i'm not as good as you are after that game last night. >> i had a feeling you were going to go there so i did the unthinkable on tv. yes, the eagles are great. anyway you had a fantastic quarter. and then you gave what i thought was softer guidance than i expected, given the fact 98% i think you could have been 101. so i really got to understand what distinguished between macro concerns and how prologis is doing. >> there is a disconnect between macro and our business and the explanation is the level of inventories. retailers and other people have been running to catch up with the need for inventories and they're still not there because of all the supply chain disruptions. they didn't get the goods that

they needed at the right time so they had the wrong goods at the time that they needed the sales and discount and everything was a mess as that supply chain normalizes, levels of inventory have to go up to a, a more normal level and two, to account for resilience in case something bad happens in the future so we figure invep ntories rebounded maybe two-thirds of the way but another third to go. we're about 10, 11% higher than we were precovid in terms of inventories -- sorry, 10, 11% higher than the bottom of the covid period and we think there is probably another 7 or 8% to go so that ultimately drives demand for our product and it's really, really hard to build new warehouses where people want

them so high demand and tight supply give us pricing power and high occupancy. >> should we think the e commerce companies are going to build the inventory or also brick and mortar >> the all are the brick and mortar people have been behind the eight ball, you know, covid proved they needed a distribution strath egy for the online division. everyone is going omni channel while amazon has clearly slowed down because they really stepped on the gas in 2020 and 2021 now they're digesting that all the other guys are running to catch up with them. so the demand, if anything, has diversified. now, you know, is demand quite as crazy as it was a year ago? no, a little off of that during a ten, 20, 30-year cycle, i would tell you demand was in the top 5% for sure.

>> i think that's very important because i remember during the absolute bottom of 2007, 2008, your business really hung on and most people's businesses didn't because that's just the nature of how you guys do i was concerned, though, by there is a moment in your call where you say my sense is that customers don't have quite as much fomo, fear of missing out, as they did before are the customers more complacent and don't realize they should be using prologis enough >> that's going too far i think. i think when there were 10 or 12 people bidding for every piece of space that came up, people were almost trained to grab the space and then worry about whether they really needed it and the price on the economics now, they have a little bit more time to think about that and i would still say for each piece of space that comes up, we have more people looking at it than we do during normal part of the

cycle. it just not going to stay at that crazy level that it was a year ago and frankly, amazon was leasing pretty much everything from under them during that period of time and that's not quite there. it's a very healthy market and believe me, i'd be the first one to point out if there were any cracks in the story because of credibility reasons and the like. >> absolutely. >> we just don't see it. >> how about the acquisition >> we're really pleased with that we got all the cost energy immediately and i would say we're 7, 8% ahead of where we thought we would be in terms of lease renewals and activity in the portfolio. so i'm feeling really good about that. >> now, if you -- one of the things i am concerned about, i look at what amazon is doing it makes me nervous that the other guys may say if amazon is not doing well, we should not invest this much you're saying that they -- they still want to, even if they see amazon slowing down?

>> yeah, so, you know, i can almost or anyone can look at specific examples and say okay, this is really bad news. i won't name names but clearly some retailers that are not doing well and if you want to look at those, you might conclude that the market is very weak that's not the case. we lease over a million square feet a day. >> wow. >> just wrap your head around that a million square feet per day. so we're seeing customers from all walks of life and overall level of demand, if i were going to characterize it, if one to ten is the range, we're at sort of nine to 9.5 we're not 12 like we used to be last year. >> well, look, that 12 was unsustainable. you almost have to sell your stock when it's 12 look, i think things sound good. by the way, on your credibility issue, you've been 100% and i absolutely appreciate what you

say and i know if it was not going well, you'd say it's a rough patch and you're not saying that and that's very important. so i want to thank you the co-founder, chairman and ceo of prologis. great to see you, thank you. >> nice to see you, as well. >> "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. how do we show strength and stability? (eagle call) a mountain? a tree weathering a storm? (thunder) lions? nope. (lion rumbles) we do it with our people. ♪

prizefighter... ...meets trailblazer. ♪ ♪ classic meets modern. ♪ at morgan stanley, we may seem like a contradiction...and we are. ♪ ♪ at 87 years old, we still see the world with the wonder of new eyes, ♪ helping you discover untapped possibilities ♪ and relentlessly working with you to make them real. ♪ partnering to unlock new ideas, ♪ to create new legacies, ♪ to research, innovate, collaborate, ♪ and build the way to transform a company,

industry, economy, generation. ♪ because grit and vision working in lockstep puts you on the path to your full potential. ♪ if your company actually practices the values that it posts about, then, yeah... you're on team earth.

it is time, time for the

lightening round buy, buy, buy, play the sound and then the lightening round is over are you ready, ski daddy start with tom, in tennessee, tom? >> caller: jim cramer. >> yo, tom excellent. >> caller: excellent to talk to you. thank you so much. >> thank you >> caller: thank you for the recognition of us veterans. >> absolutely. thank you. to all of you. >> caller: the best compliment i can give you is i read every b book i'm a carter member of the club. >> yes. >> caller: true story here with the help of the dvr and iphone, have i watched every episode since day one. >> holy cow. you are true thank you. thank you very much. thank you for serving and thank you for that

>> caller: you got my attention when you left the ckudlow and cramer. >> good guy. larry is a good guy. how can i help >> caller: hey, listen, feeling good about regional banks. u.s. spotlight at huntington bank and others in the past. regions financial, great yield, good p.e. ratio. >> it's an excellent stock i like regions financial very much and tom, i think it's a terrific buy even at these levels don't forget wells fargo, which is even cheaper and going higher five years ago peaked at 62. it can go higher stur stewart in ohio. >> caller: how are you >> good. how about you? >> caller: great, the metals are soaring like your eagles and i got a good one for you calle

valet. >> it would be soaring if it was in the united states but it's in latin america and people think there is no way anything good can happen i will bless it for a trade. why? because copper is starting to fly which means valet can fly. it is a rocket ship. let's go to rick in pennsylvania, rick >> caller: hey, what's up, jim congratulations on your eagles, boat did. >> thank you, partner. thank you very much. >> caller: hey, i'm looking at a stock lumn, they got a higher cash flow than the market cap. >> i actually don't trust liumon they are a dangerous stock i'll try to keep you out thank you for the comments about the eagles go birds go nick, and that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. a

america trade.

[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.

two years ago the apes descended on the market. other than endless potty mouth griping, they barely have a pulse. looking back, all i can say is good riddance to the lunatic fringe in the financials that somehow thought they were doing something admirable. there was nothing admirable at all. they busted the short sellers but the shorts come back in the situation of a looming financial nightmare and allowing game stop to sell stock which possibly kept them from going under what you can't say is anything was accomplished other than bringing in individuals that served sprite for breakfast and despise anyone who in their minds represents

wall street. now, other than extremely low dollar amount stocks, they play no substantive role whatsoever there was odd compliments when they pushed up game stop they directed an outfit and the second the whole world they seem to thrive on investing as represented by the robinhood app. the shorts causing immense pain for robinhood that came close to for sell the hearings amounted to nothing because there was really nothing, not enough movement, not an event, not app ethos. at the time i was having a rough back operation, a cyst that busted open in my spinal chord, four-hour operation. that's the price now $121. i was well enough to watch television so u calli called fry hospital bed and urged everyone to sell. i said it multiple times i said the company is worth nowhere near what game stock stock was selling for.

i said bulls make money, bears make money and pigs, guess what? they get slaughtered and game stop. that's pure pig behavior the top. the common sense was considered tired. the apes wrote it off. at that moment the squeeze was so random the stock traded to above 100 before the opening bell i've been velf vilified becausei said sell, sell, sell. filter out the worst stuff the old gang did their best to help but being top ten most hated, hard to help. more hated than vladimir putin some days? there is an accomplishment for you. this story isn't about me. i'm an example how they treated their supposed opposition with pure hatred and vile anyone who wanted on ordinarily

ran out of money game stop and amc got in on the way up and not out from a dollars and change to a high of 45 in december of 2021 now it's back to $5. you also have one of those $2 ape shares, as well. the best result is that both companies stayed afloat because of these clowns. because of these ill informed investors. ill informed -- because these clowns i have no doubt amc would have gone under for game stop, we're waiting for something but at least now they have enough cash to fly on here is what is sad. these new people got in and thought it was us versus them situation and it wasn't. they were rebels without a cause. they knew nothing about game stop they only knew there was a guy they followed to the end of the earth, ryan cohen who totally bagged them in bed bath but a warrior forgame stop they made friends with the ceo of amc and joke is on them

fantastic insider selling at a great price. in the end, here is the real take away. the apps could have been contenders and now sore losers that probably moved on to crypto, which will be the next financial charter house. i like to say there is always a bull market somewhere and promise to find it here for you on "mad money. i'm jim cramer 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 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.