ph pharma, a good play. >> fxi >> cramer is down there in florida. >> don't say that. that's embarrassing. >> grasso said >> eli lilly >> thanks for watching "fast money. do not go anywhere. go anywhere. special "mad money" live from the university of miami starts right now. >> time is an investor's best friend but it's never too late for a little "mad money" 101 >> class is in session >> ba-ba-ba-boo-yah! >> "mad money" back to school tour >> boo-yah >> the "mad money" back to school tour is burning bright at the equator of capitalism. >> boo-yah, jim and welcome to the u. "mad money" starts now [ cheers and applause

♪ ♪ hey, i'm cramer! most of the country may be facing subbe zero temperatures, but tonight i am bringing the heat from the gorgeous campus of the university of miami. we are kicking off a very special back to school edition of "mad money" other people want to make friends. i'm just trying to make you some money. my job not just to entertain and educate but to put this all in context. so call me at 1-800-743-cnbc or tweet me @jimcramer. all right.

i get it i get it i understand why you're being negative on stocks right now even after a good day where the dow dipped 39 points, s&p roared 1.7% but the nasdaq surged 3.25%. there are a million reasons actually to feel bad about this market especially after this big run over the last two days, everything from the fact we've moved up too far too fast, i mean crazy insane action, particularly the nasdaq, to the realization that nothing much much has changed for the better in the last three days there's still inflation, more rate hikes, gridlock in washington, war in europe, companies are laying off people left and right more important, until a few months ago if you dared to go positive on stocks you got your darn hand handed to you practically every single day yet every day i run this investment club with my colleague jeff marks, who's stuck in new york while i get to be in beautiful miami at the aptly named university of miami. yes, the u like this. not like this as i learned

this is utah i'm at the u anyway we've been coming to this state for months and get put through the stock meat grinder because we own a company called nvidia the big semiconductor company. and the semis just got slaughtered day after day after day. we stuck with nvidia because the chips are the backbone of artificial intelligence. and more important when this kind of stock bottoms it comes back so fast you might not get a chance to get back in. buy it at a better price so we stuck with it and stuck with it. and one day everyone's talking about this thing called chatgpt. but the thing is it starts on nvidia's platform. game changer when the stock was at 108 in october of last year i was taking gas, down more than 60% from its top everyone laughed it made me sick. people on "squawk on the street" said what are you still in nvidia for check nvidia out today it's doubled since then. today i constantly think if you want an ai play look no further than nvidia.

i renamed my darn dog after it very confused for the dog unless you have meat in your hand people thought this story was all about video games, but it's about innovation and now nvidia's powering one of the most important platforms of all time if you played through the pain last year you now got this enormous gain. that's what you have to do or how about meta platforms the artist formerly known as facebook i was on air about how much it hurt, it hurt my trust, it hurt me but i said there was a path for facebook to go forward and the path was something called discipline well, last night mark zuckerberg followed that path except he called it efficiency he changed his stripes he's not spending like crazy anymore. he's firing people all over the place. we don't want that but it's working. and he's spending time away from the metaverse in reels and instagram, even whatsapp and that's what i wanted after today's monster 23% gain the stock's now more than doubled from its lows if you held on. if you suffered, you got the

gain if you suffered you got the gain that's it. of course ideally you would have sold all of these a year ago but getting back in is hard. almost no one is that nimble that's why i always tell you to buy and sell in stages we sold nvidia and facebook at much higher levels and bought some of it back in anticipation of the eventual turnarounds. and they came. we took the pain and we gained but now we've got a whole new set of pain. tonight amazon, alphabet and apple all reported and i think you have to accept the fact these were not meta. they all ran in anticipation of being like meta, though, and that didn't happen amazon had okay numbers but didn't give you the giant layoff people wanted. they hired 800,000 people, laid off less than 120,000. they need bigger layoffs i wanted more efficiency and meta didn't get it alphabet did people forget its advertising base the stock is up seven bucks just today could give up those gains. apple, own it don't trade it

apple had china supply problems it hurt the quarter. we knew that it shouldn't have run into the print what can you do, wait until it goes to 140 and buy m-some back. i wish it were better. but 2 billion apple users that's phenomenal and it's the milestone they announced tonight. i like that. funny thing about this market, though, it gives you gives you tremendous opportunities all the time nasdaq up 7% probably too hot. i like it cold i like to suffer like i did in facebook, nvidia, not because i'm a mass kiftd, although that is indeed debatable but because when the company's well run the pain represents a great buying opportunity. pain, want some? how about buying eli lilly i just upgraded from a 2 to a 1 for the investment club. got a diabetes drug that will likely get fda approval as a weight loss treatment sometime soon doctors may already be prescribing it as a weight loss treatment. but it hasn't gotten fda official nod yet and that tells you there's tremendous demand. if you buy lilly here, you haven't had to suffer. it's already down. so let me give you the bottom

line when companies change their stripes or when they're incredibly well managed or disciplined or efficient or when they rint amazing products and reinvent on the fly you should stick with them. and remember if you like a stock so much that you named your darn dog after it, don't kick it when it's down. buy more let's take some questions. let's go over here we'll start with number 19 >> cramer, thank you very much for being here my name is ruben and my question for you is due to troubling valuations in public markets do you think reits should be pursuing privatization >> they had never done that because they tend to have a lot of debt on the books i think it's an interesting proposal but they love public markets because they like to sell stock and bring in more money and they like the stock itself to be able to buy things. so i think they should hold off. i think they have to be traditional as they are. i like federal realty, frt, shopping centers yes. >> hi, jim my name's david allen. i'm from miami, florida. i have a question about china. now, they recently announced an end to zero covid and china's

both the world's largest exporter and a huge source of global demand for commodities. if you're the federal reserve right now trying to fight inflation, is china reopening good or bad news overall >> it's real bad it's a great question. i know everyone's trying to cheer that china's going to start spending more money. they'd certainly wish it if it were apple it's a commodity inflation-based spur that will be an issue and i think you're really right to worry about it. people are whistling past the graveyard if that market goes back and the way to watch it by the way is watch oil oil hasn't gotten anything, anything since they reopened as long as that stays down we're going to be okay but if that starts flying we're going to be in trouble and the fed's going to have to do maybe more than two rate hikes great question >> thank you >> here we go. >> hi, jim my name's francesca damisa and i'm from boca raton, florida before i ask my question i wanted to tell you how much this show means to me my father died of pancreatic cancer when i was 8 years old, and this show was like one of the few memories i have of him, is watching it with him.

so i'm very thankful to meet you and be here today. [ applause ] >> and i am thankful for you sharing that story of real life. and i'm glad you got to spend the time with your dad i had a similar experience with my ma with kidney cancer it just goes and you got that precious time and i'm glad we could be a part of it. so thank you very much >> yes and i'm actually a premed major. i'm studying to be a neurologist. and so as someone that is not going to school to study investments, what are some ways that i can learn about the stock market and how to invest and then my second question is what stocks do you suggest to build generational wealth that i can buy as a college student >> okay. these are fabulous questions and i think what you have to do when you're -- you've got to get firsthand experience i'm very close to my neurologist, dr. newman. and he suggested i take -- you know, i had migraine problem look, she's spoken for the american migraine foundation, so i'm not revealing some thing

here but neurotech made by biohaven and i pushed it and pushed it because i take nuertech when i get my migraine and it's away in 10, 15 minutes you have to look at what you do and think who is doing remarkable things. you know how hard the brain is but if you find something that can actually affect the brain in a positive way because you know we're mapping the brain now, that's your stock. and it would be perfect. and i like you i mean -- >> thank you so much >> you know, you're why i do the show i mean, my dad and i talked. my dad and i talked after every show and he'd say jimmy, that was the best show ever every day for 12 years >> thank you >> when companies change their stripes you should change too. you've got to stick with them. coming up on "mad money. members of the student managed investment fund at miami herbert business school are going to pitch yours truly on their top stock picks right now! i promise to not go easy on

them you know me. watching young investors, what this she be buying right now i'm listing three smart picks for those with a longer term horizon. and a miami-based ceo who's got an inspiring story came penniless from cuba and became owners of one of the largest hispanic founded infrastructure companies in north america. so stick with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer hashtag mad tweets send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc ss something head to madmoney.cnbc.com.

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i screwed up. mhm. 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.

[ cheers and applause i love it. it's inspiring to see the passion, the excitement from the students here at miami herbert business school at the university of miami. let's hear it. [ cheers and applause in just a second you're going to meet a few students from the student-managed investment fund. these students manage$1.4 million. okay which is actually a component of the university's endowment so they'd better do well these students are the real deal they research, they manage funds. and today i'm putting them to the test just how i used to do at my old hedge fund where you had to come to me, meet me on fulton, that's right next to wall street, with a box of krispy kremes at 4a:00 a.m. if you pitched me a stock maybe you got the job.

i ate all the krispy kremes then i'm much more trim our first pitch. >> anna and i are here to tell you why six flags should be at the top of everyone's watch list landon building just recently opened an activist position in them they're absolutely phenomenal at finding these opportunities. as the business continues to normalize in 2024 i think the real estate value's somewhere at 30 bucks a share the operating company's worth another other 25 i think our price target's right at 55, sushlg upside from here and -- >> so landon buildings is a great company. and they've recently identified vici properties as a potential buyer of six flags real estate they've done stuff like this before they have recently expressed interest in amusement parks and year to date have raised $1 billion to make that kind of investment so for them a $4 billion acquisition of six flags real estate is like scooby snacks >> that's interesting. when i talk to the people at disney, the real estate is huge.

i mean, at one point i even pitched to them a theme park i found 300,000 acres of land for sale in new mexico between denver and austin. and it's exactly the story you told it's a shortage in real estate and theme parks are red hot. if you read comcast over this quarter, i work for comcast, that was the strongest unit. disney's theme parks are all sold out i have -- are we okay with the balance sheet at six flags >> yeah, we're okay with the balance sheet. 2.5 billion net debt i think all in we're looking at a $55 price target once they monetize this real estate. the operating company is basically just our cherry on top and there's tons of upside to landon buildings going after they have the game plan, they've executed the game plan before, they're doing what they always do and they'll continue to be great. >> one last question because i know we have a lot of people but i am concerned okay, in the off-season how do you feel about six flags because i've got one near me in jersey and it's kind of desolate >> so the off-season is going to be made up by the es sccalationn

the ticket pricing for all the consumers that are going to be going there. there's just a phenomenal plan that's been outlaid by loond buildings and the six flags team it's been embraced the activism has actually influenced and very positively seen so i think they're going to do the right thing here >> i like it i like your call i like theme parks i think it can work. and i thank you for that excellent presentation [ cheers and applause okay who's over here? >> how are you doing, jim? i'm originally from southern jersey go eagles. >> go birds! >> and my name's austin ortiz. i'm from o'editionside, new york. >> and today we're going to be pitching you canadian pacific. but first we'd heard that story about you in your hedge fund days and wanted to get you a box of donuts. >> see, these guys are smart it's in the book they read the book that shows homework. that shows preparation i like that. we'll split them up with the staff. i've got a guy here brian who'll eat every one of them. i've got to be very careful. let's go >> we think canadian pacific is a strong buy right now with considerable upside. we're confident their merger can kansas city southern will be approved by the service transportation board later this

quarter. the prospective combined railroads will be the first interconnected railroad between canada and mexico which will allow for greater volumes in automotive and intermodal shipping volumes which is substantially more profitable than the bulk shipping business. we are expecting about a billion dollars of ebidta growth over the next three years >> we believe that canadian pacific is a buy at its current price. their most recent earnings report produced excellent numbers, most notably a 21% in increase in revenue over the fourth quarter of 2022 we expect these trends to continue throughout the first half of 2023 due to analyst estimates of record high canadian grain output all throughout the first half of -- >> let me say first, the railroads are -- they were red hot today. i think without that acquisition i would have said absolutely not. with that acquisition it's goin to be a slow slog because people are worried about the transports right now because they just went up 1,000 points in two days. but i like the pitch i like the pitch very much

yes. >> we want to talk to you about t-mobile, who should be on your radar considering their strong brand -- >> did you see the action today? what was it with the action today on that stock? >> wild. >> not bad >> given their strong brand name and recent increase in subscriber growth, they should be on top of mind. especially considering their increase in 5g infrastructure spending, given their time since the sprint merger. additionally they also have about $5 billion in anticipated synergies to be realized, which should be driving growth for the coming years and in essence, they plan on increasing their subscriber growth as time goes on. >> all right i do need to hear about the competition. and i want to hear about the fact that the stock, what your view is about why the stock went down there's got to be some substance to it. because it did not -- it's popped every single time after the quarter except for this

time >> they did miss their revenue growth targets >> exactly >> although they do have earnings growth about two times the industry average >> i'm in that strock for -- i think that was an okay quarter i was surprised. seibert was on air and i don't think he made the case i think the stock goes lower got to tell it like it is. yes. >> hey, jim, i'm awl ollie from the uk big buy for us in the fund is peloton. every time i go to the gym more and more people are using the app. we don't care for the bike we don't care for the tread. i want them to stop spending money on a rowing machine. they need to get expenses under control. but the subscription business you've got nearly a 70% margin, 300% growth in two years in numbers and a 1% churn we think it can become a real cash cow it's currently trading just over three times subscription revenue. we want management to get expenses down. but we believe in them so we think it's a strong buy -- >> don't worry about expenses. it's barry mccarthy.

he'll chop people's heads off if he wants to. i think he's dynamite. i love the idea. i wish it hadn't gone up to two bucks or i would say i'm going to be all in peloton's a great idea two bucks after that last quarter. but you've got a great idea! contrary i love that! more "mad money" from miami is back after the break >> announcer: coming up, cramer's at the miami herbert business school, connecting with the next generation of leaders but how about the next generation of growth stocks? a look into the future, next

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while we're down here at the university of miami, the u -- thank you. let's talk about the best stocks for younger investors. you might think all stocks are the same for everybody, but that's just not true when you're young and you're first getting into investing, you can afford a lot more risk than, say, a retiree who's done working and has to live off their savings. if you're still in your 20s, you've got decades to make up for any potential mistakes, and you will make mistakes it comes with the game plus you can afford to invest in stories that might take a while to unfold. and that's okay too. patience is a virtue in investing. in particular, i think younger investors should lean toward what we call junior growth stocks these represent smaller, faster-growing companies that aren't huge today but might become something huge later down the line ♪ hallelujah ♪ for example, four or foive year ago tesla was just a wee bit junior growth stocks

well, there's nothing junior anymore about the stock of tesla. so let me give you three of my favorites. write them down. come on, we're at school the first one up is etsy the online marketplace for handcrafted boutiques and sellers that's in brooklyn about ten blocks from my house i've been recommending this stock since 2016 and it was a big winner for us even before the pandemic hit then covid sent us into lockdown and etsy went into overdrive with the stock soaring from $30 in march of 2020 to an all-time high and maybe too high of $307 in november of 2021. like other fast-growing digital plays it ran up to the stratosphere and then we got hit with a post-covid pullback >> sell sell sell sell sell sell >> with the stock plummeting nearly 80% from its highs in less than six months

finally etsy bottomed at 67 last june thank heavens. >> buy buy buy >> but here's the thing. even though the stock's valuation got a little excessive, nothing really changed about the underlying business and that's what matters. it's a business. the stock represents that. while etsy's sales slowed from peak covid levels the growth rate bottomed about 5% early last year and since then it's accelerated back to the double digits possibly higher when we get the fourth quarter numbers later this month that's one of the reasons the stock's been able to rebound back to 148, including a monster 6% run today thanks to the nasdaq catching on fire. you know, i like etsy. i like it because this is a company where you don't need to sacrifice profitability for fast growth they were profitable before the pandemic, and while the earnings have pulled back from 2021 they've now stabilized at a much higher level than precovid not many stocks have done that that's in part because josh silverman, the ceo, is a

visionary. he's amazing and he knows how to execute. more importantly i think etsy embodies the ethos of many of the young investors i see behind me this is a platform that enables you to support small businesses and hobbies working out of their homes, many of them women, which is fabulous, rather than the faceless corporate giants. you know what it is? i took this class. capitalism with a human face what's next? how about one i asked about earlier when i was trying to get the lay of the land here at the business school. how about airbnb which has completely disrupted the lodging industry since its founding nearly 15 years ago full disclosure, while i warned you away from airbnb when it came public in 2020 because all ipos were way, way too hot, i started recommending it too early. you've always got to own your mistakes even though this is a real company with real earnings and real cash flow its stock traded like everyone other garbage ipo last year. the stock only bottomed at $81 in late december >> buy buy buy >> but like so many other growth

names airbnb caught fire in 2023 currently it's up more than -- this is how stocks work. 38% year to date unlike many other resurgent digital plays i think this move is actually entirely justified for the past two quarters airbnb has reported record profits. these are generally accepted accounting principles. something people in business school now not just that adjusted earnings ebidta nonsense. i expect strong earnings again when they report later this month. more importantly i think the earnings estimates for airbnb are way too low. the number one driver of higher stock prices is the ability to beat those estimates right now wall street's assuming airbnb can only put up 7% earnings growths this year i'm betting that's way too low given the current insatiable demand for travel. of course airbnb's going to do well in an environment where travel is more important than ever people want to see the world

at the same time this company is indeed a cash machine. they already had positive cash flow for more than $2 billion in 2021 before they even turned profitable when the fourth quarter numbers are turned in i am betting they'll finish 2022 with more than $3 billion in free cash flow, which is the number i look for. fcf. headed closer to 4 billion this year long story short, airbnb's a great company and if wall street cared about the fundamentals, which they don't right now, the stock would have done a lot better last year but because it was part of the recent ipo crop that no one wanted to touch it languished. now, though, we're back in bull market mode and you know i like that and these guys can get credit for everything they're doing right. finally i got one off the radar screen from when my daughter lived in oregon it's a junior growth company that you might not recognize now but you'll certainly recognize in the future. in fact, it might become so ubiquitous that it makes you sick i'm talking about dutch bros,

which is ostensibly another coffee chain concentrated in the northwest right now. but in reality there's a lot more going on here these guys sell a lot of coffee in the morning caffeinated coffee the kind of like then they do great business throughout the day thanks to the selection of housemaid energy drinks they do everything short of injecting the caffeine directly in your veins. why can't they do that i'd like that. plus dutch brothers is kind of like the anti-star buxz. at starbucks they want to be your home away from home dutch brothers is all about efficiency they don't want you to be at home there they know some people just want their fix, fix of great caffeine, great tasting coffee they've got drive-thrus, kiosks. i like that. dutch brothers is already a powerhouse out west but you probably haven't seen one down here because they hardly have any stores east of the mississippi. they just entered nashville just now way couple of stores and they're building one, one in orlando. one in florida come on. in fact, they're building stores everywhere, though, and that's what makes dutch bros a textbook

junior growth stock. at the end of the year they have 671 locations. management's confident they ca grow that to 800 by the end of the year long-term goal 4,000 stores. i think that's low given how they're taking over the pacific northwest. this one's all about the regional national rollout i love so much at "mad money. last year dutch brothers was hampered by higher labor costs, dairy costs, construction costs. these are all settling down. thank you, jay powell. but if inflax peaked and it shows that it has they will do the number and then some and have a much smoother trajectory going forward. i think dutch bros is a fantastic long-term holding as long as you can get it now, less than 40 bucks. oh, and that annihilator they serve, my favorite coffee drink because it keeps me from sleeping for a whole night that's my kind of drink. bottom line, if you're a younger investor you need to take some risk in your portfolio that's how you have a chance to

generate gigantic returns. i recommend betting on long-term stories that can eventually give you big wins as long as you're patient. which is why i like etsy, airbnb and dutch bros but there's a whole universe of junior growth stocks that are worth owning now, you now you know what to look for >> buy buy buy let's take questions let's start over here. how are you doing? >> first and foremost welcome to miami and qulm welcome to the u >> thank you for having me >> my name is matius i'm originally from brazil latin america has seen a lot of fintech movement and i guess i'm biased being from brazil i took a lot of look in new bank they listed a year ago it and they've been down ever since but it has seemed like with a very positive growth you have growing across brazil, colombia and mexico and they just posted a profitable quarter last year, so what do you think about that?

is new bank another one to look at >> i like you. you've got horse sense i like ricardo leeb roe, original investor. i think nu is terrific, i like it but long term -- it's down because of political turmoil you're betting that things calm down if they calm down you catch a double if they don't it flatlines but you know it's political that's keeping it down, not the numbers. how about over -- what is this where are you putting me right here see, i am just a marionette. they tell me where to be who's up >> hey, cramer how are you doing? my name is yash from jacksonville, florida. my question's about evs. with laws being passed banning the production of gas and diesel vehicles and the increase in purchasing and production of evs are ev stocks such as tesla, riff sxwran ford worth buying? >> riff yvian is up on a short

squeeze. tesla's down enough that you've got to bet with musk as repugnant adding he is and ford's stock is going to get hit because they missed the numbers. bun the ev numbers so that one is for you that's what i suggest. we've got nu, we've got ford and if you're a nunger investor you want to take some risk in your portfolio. i like etsy, airbnb and dutch bros but there's a whole universe of junior growth stocks that are worth owning there's much more "mad money." infrastructure, construction company. what is that that's mass tech they've been involved in some of the most complex projects across the company. and its home base right here i've got the ceo then i want to tell you why speculation is worthy of your -- it's worthy of your cause. but only if you follow my rules of the road. yes, yes i like mosdec! and of course rapid fire lightning round the university of miami edition stay with cramer

meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you start with care, you get a different kind of bank.

over the past couple of years congress has authorized hundreds of billions of dollars in federal infrastructure spending, especially for green energy projects. although it takes a while for those projects to get going because our government is path lojically unable to build things in a reasonable time frame we're starting to get a better idea of where that money's headed which brings me to mastec, which is the infrastructure construction company that i've liked for a long time.

it's based right here in coral gables they make telco infrastructure, wind and solar equipment and lechal transmission lines and natural gas pipelines and they're number one in a lot of these things that's one of the reasons the stock has rallied 50% since just the end of september at the same time mastec is one of the great american immigrant success stories. the company was founded more than 60 years ago by a 21-year-old cuban refugee named jorge mas, who came to this country penniless, saw an opportunity and seized it. now the company's run by his son. he's presided over an 18 mers annual growth rate since he took over in 2007 oh, and he just happens to be a university of miami alum [ cheers and applause and a member of the board of trustees so please join us in giving a hometown hurricane welcome to jose mas, the ceo of mastec! mr. mas! welcome to "mad money. how are you? >> how are you hello, canes family!

>> what has this school given you? what have you learned from being here and what can you still learn >> look around look at these kids i think we can learn from these kids every single day. their hunger, their desire the desire to be better, the desire to dream, accomplish great things that's what this is about. >> this show's about that. i didn't hear anything cynical i heard everything positive. enough with the corrosion. we're positive speaking of positive stories, i don't know if you know but i do my show normally on the new york stock exchange floor and i do it right under the bell something special happened to your dad there i he know shortly after he passed but i want you to describe what he did and what he saw >> well, for my father, look, this is an incredible city this city adopted a cuban american community i'm a product of that adoption i'm a product of the generosity of the city, of the generosity of the united states this is the greatest country on god's earth. and my dad was an immigrant from cuba [ cheers and applause >> yes this is what we cheer for.

>> for him the new york stock exchange was the greatest thing in the world relative to the financial markets and to what he dreamed. so to be able to list his company on the new york stock exchange was absolutely incredible he got to ring that bell for a young cuban american that came at the age of 21 to join the u.s. army, to participate in the bay of pigs insxrags 20 years later he's on the new york stock exchange, it was an absolute dream for him a very emotional moment for him and my family. >> total patriot fantastic success story. how about the opportunity in this country does it still exist? i hear people say it's over. >> i think the opportunities, they're not given but the opportunity to succeed exists in this country better than anywhere elites in the world and i see it every single day with young men and women that dream, that build new businesses, that truly accomplish great things in this country and it's alive and well. the american dream is alive and well we keep talking about all the differences we have in this country politically but the reality is we have one thing in common and that's we want a better future for our family and our kids over and over again and

i see it happen every single day in this country. >> bingo totally right. let's talk about the better future that you have given to shareholders and to co-workers okay number one clean energy. number one 5g wireless, number one nat gas pipelines. this is america's infrastructure tell me how you got to be number one, what it means and what it could mean for the future. >> we started as a telecom contractor, basically digging ditches, putting fiber in the ground, putting cable in the ground and then we expanded we got into gas pipelines. we grew into distribution systems and transmission systems for the utilities. today clean energy we're in the midst of an energy transition in this country clean energy's going to play a huge part of it. we're the largest builder of wind and solar in the country. but at the same time we have to have transition fuels. natural gas is critically important and building natural gas pipe shrines important for our future and our economy and you said it earlier politicians have to figure this out, get permitting laws in place so we can do this quicker so we can actually transition our energy to new sources over time >> and i want to ask you, you --

when people talk about carbon capture, they don't realize, it's got to go somewhere and be transported. that's you >> 100%. and it's pipelines the same as you'd build an oil pipeline or gas pipeline carbon capture's going to be captured on pipelines and transported to deep wells throughout the country. it's going to be ethanol sfils facilities where they're taking the co2 gas, put them in a pipeline and inject them in deep wells. that's part of the cleanup of our technology and our country and our ji it's amazing >> there's a lot of companies whose stocks went up 8% in the last two days. nasdaq a company i know there's going to be very big federal money behind it because of some laws that were passed, some bills how do you stand to do under the inflation reduction act? >> the truth is that our business is growing regardless of government spend. you think about telecom and 5g coming, you think about clean energy but then you add in all the federal spend. we've got $400 billion for clean energy out of the inflax reduction act. we've got $60 billion in telecom funding to bring fiber and broad wand to rural communities.

it's almost windfalls in the industry it's the best time ever in the history of our company it's the best time in our industry >> it's a windfall that you're running the company for your employees and of course for the shareholders that i represent. and i think you're doing a phenomenal job >> thank you we've got 35,000 team members across this country. when i think about the legacy that my father started, he came here with nothing and today tens of thousands of families depend on us and we're giving them a chance to succeed and build their american dream and provide a better future for their families >> and i know he'd be very proud. okay that's jose mas. he's the ceo of mastec "mad money" in miami 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's time for a back to school edition of the "lightning round. "mad money" coming to you from the u in coral gardens, florida. you say the name i say buy buy buy -- then we -- [ buzzer ] call the "lightning round" over. are you ready, skee-daddy? it's time for the "lightning round" at the u go ahead >> hey, jim. my name's nate i'm from orlando you're pretty adamant that crypto is a big scam, it's all rigged but as we saw with gamestop back a few years ago that big firms

have the power to shut down trading if they're losing money like robin hood got shut down. how is that less rigged than crypto with what we saw with ftx? >> it was totally rigged it's okay. it was rigged. i called it out. in one of those movies i called it out i ain't touching it. i like great american stories. i don't like the hokeum. yes. >> hey, jim, my name is kalin. i have shares in netflix and at closing i was up 66% what should i do >> you need to hold on that team is remarkable. it could go down a little bit but that's a great one for the ride we already went through hell with that now you get the pain you had the pain you get the gain stick with it. yes. >> jim, i'm a big fan. thanks for coming to the u my dad too he says thanks for paying my tuition with all your advice i want to ask you about the recent ge split and in particular what do you make of ge health care -- >> ge health care's doing much about thor than expected they have such a -- but no, not yet! they have a big backlog. i like the stock i like the management. i say stay long. yes. >> i'm will from new jersey.

what do you think about draft kings? do you think there's room to grow >> which one >> draft kings >> oh, my god. i talked to jason robinson today. get together with him when i'm out at the super bowl game i think that jason's father was one of the greatest professors this school ever had and i do think his stock can come around but it's got to be 50 states before we get there. got to keep pushing. yes! >> hey, jim, i'm melissa from st. pete, florida. and i'm a current ph.d. student in bioengineering here so i'm interested, is it worth investing in medical devices this year such as medtronic? >> no, medtronic right now is not being run well i hate to say that because it's not nice but sometimes it's not about friends it's about money i want you to stay away from that i like ge health care if you had to do it and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: the "lightning round" is sponsored by td ameritrade coming up, a little "mad money"

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[ cheers and applause i know people all over the country are watching so tonight i want to specifically address the younger people in the audience, including here at the fabulous miami herbert business school i can say young at heart but that's just really not applicable maybe young at wallet. i need to address something i hear a lot about here today and that's speculation i'm not going to be two-faced. i actually like and promote speculation, betting on high risk high reward stocks, but for younger investors only because you've got your whole life ahead if you make back any potential losses and you will lose money. so i need you to speculate wisely so here are the rules of the road first, you can't speculate until you put away enough money in a safe reliable index fund that mirrors the s&p 500. i like to think ten grand before you can start speculating. that way you can protect yourself even if your speculative holdings get wiped out you'll still have a really nice chunk of change left over second, if you're going to take a chance on something speculative, please don't do it with borrowed money. no margin. it's hard enough betting on

risky stocks to begin with why turn to borrowing from a loan shark in a casino never use margin to buy any stock. third you might not want to hear this but if you're speculating you should stick with stocks people today want to talk about investing in crypto. i say that's not investing crypto's not really an asset class either it's an unregulated, often rigged business that doesn't protect your money that goes double for the joe crypto currencies like salon or polka dot or chain link or boo-yah. okay, maybe not boo-yah. sell sell sell don't even get me starthd on doge coin or shiba inu why do we have two of those based on the same dog? i have two rescue mutts. as sam bankman-fried proved it's one giant con. and he did the conning others have to take up the mantle of this trillion-dollar scam don't fall for it. there are tons of stocks you can speculate in unlike crypto they're backed by shares of actual businesses. ihesitate to recommend that because few ceos want their

stocks to get down in single digits do you think the fine people who run bed bath & beyond and i mean that of course insincerely, want their stock at 3 bucks it's up 18% in the last two days and the company's about to file for bankruptcy which will most likely wipe out that stock so what works then i like any biotech that's doing personalization. i first started recommending moderna when it was a speculative $18 stock and its ceo told me they could use mrna technology to make a vaccine for anything this was years and years ago at the jpmorgan health care conference sure enough he did it. moderna came up with a covid vaccine practically overnight. next thing you know the stock went to $497 topped out there august 2021 by the way, if you get a huge win like this please ring the register on some of the portfolio so your plan with the house's money. that's always your ultimate goal, the house's money. now, i do think i like stocks that are involved in artificial intelligence you may have tried chatgpt i used it to interview gandhi. i'm not kidding. i interviewed gandhi he's a dynamite guy. last night mark zuckerberg said

ai is the future and i think he's right conservative is with nvidia their chips power the stuff. it's a known story find a new one finally let me give you one we like for our investment club, and you all know it. and that's ford. ford motor corp. 14 bucks just reported tonight. not great. large unit shortfall couldn't get the parts that's bad but the future is much brighter! you can speculate that ceo jim farley will turn it around 14 smackers. i think i can take the pain. can you? i like to say there's always a bull market somewhere. i promise to try to find it just for you. right here on "mad money." i'm jim cramer signing off from beautiful miami. thank you for having me. and i will see you tomorrow! [ cheers and applause ♪

♪ ♪ narrator: tonight, emma grede, founder and ceo of smash-hit apparel brand good americanng partn, returns to the tank. it's not quite growing at the speed that i think it should. i see a whole bunch of problems. you're selling yourself out of business. "this is bad." i'll do that deal. i obviously would not want to go through that pain again. but i felt like this is my purpose. you are badass women. who's ready to bring home the bacon? -whoa! -ah! -oh! -oh, my gosh. [ laughter ] ♪♪