energy play here >> karen >> yes, i am staying short hyg, two ways to win with rates and credit spreads widening. >> dan >> yeah, paypal starting to get close to my buy level of $70 >> thanks for watching "fast money. we'll see you back here tomorrow at 5:00 for more my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you a little money my job not just to entertain but educate and teach you. call me at 800-743-cnbc or tweet me @jimcramer. we have to figure out why inflation is so sticking

why it won't go away that's the biggest question. to get your head around this market, nothing is as important as understanding why inflation is so darn persistent. not earnings, not valuation, nothing. every day we get more data and lately it's not encouragiencour. the dow dipped and s&p dipped. a little better. so i'm thinking let's do the darn federal reserve's job for them and explore why this nightmare just doesn't end despite seemingly endless fed fund hikes with possibly many more to come we'll go through the principle areas the fed says is losing the battle against higher prices food, housing and wages. the first food is a bummer between the russian invasion of ukraine and the ensuing economic sanctions in russia, we lost access to 13% of the world's c calors 88% is available the basic food goes to the

highest bidder that's something the fed has no control over jay powell can't snap his fingers to end the war and plant a lot of corn. the genetically modified seed companies and precision fpharma are doing their best something else comes along to roll it back bad harvest, invasion swarm by insects. something just keeps going wrong. while this kind of thing happens all the time, we usually have a lot more slack in the food chain doesn't equal more of the supermarket. not this time. but, but, foranyttunately, somey has a solution walmart. the largest retailer is working to get their food prices lower but, i got to tell ya, for two years the food company had the run of the joint and take a load of the prices, seven, eight, nine, ten increases but seeing backlash walmart may have all the branded product you want but also got

their own much cheaper brand private labels you can find them with all sorts of private label names from walmart. the most boring one is called great value but that's the one working. the price increases are so stark i'm less worried about food inflation because great value is holding things down. not a catching label but listen to this. say you want a can of green giant, green giant asparagus spears those are delicious. $4.98 for as -- asparagus. you don't want to pay $3.5 for a bag of rios. how about $2.88 for a twist and shout knock off. the ceo of mccormick doesn't like the push back

mccormick sells frenchs mustard for more next to it you can get 20 ounces of great value more $.98. twice as much for barely half the price. would you know the difference? is a blob of yellow, here is another blob of yellow bragg apple cider vinegar $6.86. wait a second, walmart's house brand is $4.98 it's not owned by katy perry orlando bloom. do you care? the fed needs to stop using the branded prices more people shop at walmart and customers are getting better prices if their willing to trade down so to speak and not even delve into low prices for fruits and vegetables, even of the organic kind how about housing? this is a catch 22 for the fed toll brothers has done a fabulous high and reporting a terrific set of numbers. that's not what the fed wants. worse, business picked up since long-term interest rates

levelled in the fall makes sense. the ceo pointed out, quote, there are now exist a deficit of anywherebetween 3 and 6 millio homes in this country end quote. in short, we have a huge housing shortage and while the fed can raise interest rates to tamp down on demand, it tamps down on supply this is tough. as jay powell acknowledged, you got 75 million millennials entering the prime home buying years. many of them want the american dream and apparently won't be deterred by high mortgage rates. when the fed tighttightens, they can't cash out buyers but make home buyers think about more houses because they will get nervous. don't forget, we have an ongoing migration from high tax states to low tax states because trump's tax reform capped the state and local tax detection so they're willing to pay more, too. they're willing to pay more because of salt. yeah, unlike previous rate hike

cycles, the home builders have tremendous discipline so buyers have no choice but to pay up rates could go up much more than this and might not hurt the cycle. finally, wage inflation that is sticky because we have a great labor shortage we can make the immigratio policy less restrictive which would help but that's too controversial. what can the fed do? they can take interest rates so high the companies need to lay off a ton of people to avoid going under. we've had drifs and drives of layoffs in tech but we need to see gigantic bankruptcies to get wage inflation under control heaven knows we need bed, bath and beyond to get liquidated already and see retailers closing stores and people to stop traveling and going out to dinner even the tech company ties firig people on mass get good severance and take extended vacation that's not what the fed wants that said, we are getting some real carnage but it's just now happening, although we'll fight wage inflation how recent is it

how about last night last night a zip recruiter that builds itself as a leading online marketplace for job seekers gave you a simply h hideous forecast and sent the stock down 22% today we think the fed just needs to be a little more patient it will get things straightened on the wage front. zip recruiter represented 42 million active job seekers this year this is not a one off anecdotal. as put on the conference call, i'd start by saying things as plainly as possible, which is clearly we're in a macro economic slow down and it's cooled among small and medium sized business and he said quote this looks to be an industry wide phenomenon and by the way, end quote, there is no clearer seasonal rebound, employers are decreased and willing to pay for highers. many companies are executing layoffs as they tighten the budget we never want to root for people to lose jobs but that's actually what the fed wants to see.

i think last year's monster rate hikes have started to have a real i'm pack in the economy but it does -- it takes time these people, these fed people come on and say the meeting notes, maybe we should do 50 do they really know? do they know they don't know. i think you have to wait meanwhile, we have a lot of incidental inflation indicators and apparel is allegedly strong but tjx the largest discounter and own tjmaxx and marshalls and new goods coming from retailers. when tjx is doing well, the rest of the retailers aren't doing well one reason to raise prices, natural gas dipped below $2 today. the lowest since september 2020. that could reverberate throughout the system. oil down again at the pump but the big three, bottom line, food sticky because of geopolitics and agricultural issues but start asterisksing the walmart number and housing about demographic trends and

wages, look, if a recruiting company just told you today, last night, that things are getting tough, well, that's signaling there is a big slow down so maybe, just maybe the fed is on the right track. dave in north carolina, dave >> caller: hey, jim. first time caller. nice talking to you. really appreciate all the work that you do. >> thank you. >> northp grumman pulled back. your out look? >> it will have a good year and people are under estimating the situation in ukraine and they'll have to reup and we'll have to build more armaments and they are a great stock in that environment. how about john in new york, john >> caller: boo-yah, jim. what's up? >> boo-yah, john not much, just doing the show.

what's going on we you >> caller: not muchment here with my dad just watching the show how are you? >> i'm good. what's going on? >> caller: not much. we started to use the platform and rent our condo in st. pete i was in at $170 and sold before it dipped. i want to know if i should get back into airbnb. >> yes, airbnb had an amazing quarter. we had stocks that would bounce back where there was misinteration from the ceo the ceo told you-all these things were good the analysts didn't believe it, the stock is going higher and not done going higher. trey in texas, trey? >> caller: jim, i took the position in energy transfer back in july. mistaking it for a red bull competitor and i'm up about 30%. i want to see if you think it worth holding on to in 2023 or if i should take profit and find a growing energy drink brand --

>> no, no, no, energy drink, i like that. good, monster, energy. e.t. is doing well i didn't -- i was reluctant. i do not like the balance sheet. e.t. is a good situation food sticky because of geopolitics and ag, housing can't be overcome by higher rates. wages rumble of a work force slow down maybe the fed is on track when it comes to wages "mad money" tonight, the reit is stuff on the march ted i'm finding out more with the investment trust and crock is short in the industry. could it be worth trying on for size i'm checking in with the ceo and an under the radar e.v. connection i'm learning more from the company's top brands so stay with cramer. >> announcer: don't miss a second of "mad money."

follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an email to madmoney@cnbc.com or give us a call at 800-743-cnbc miss something head to dmeynbcomaon.cc.m. lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast,

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what do we do with the real estate investment trust? we got a cramer fav federal reality with mixed use properties in rich suburbs and good, including a fantastic full year forecast but the stock is down a couple bucks since then because bond yields started rising again making the 4.1% dividend yield less enticing this is a very well run company.

parts of the country with the deepest pockets so maybe they deserve the benefit of the doubt. don't take it from me. let's dig deeper with don wood to learn more. welcome back to "mad money." >> great to be here. thanks for having me. >> i got to tell ya, people don't understand people are saying real else state is location. it is. not all real estate is created equal. you're shopping centers, not shopping malls, not office real else state people don't understand the durability of your category. >> i don't think there is anything more important than to look at history as an example how the future is going to perform and the bottom line is, jim, and we've talked about this before, we've been around for a really long time we've gone through recessions. we've gone through 20% interest rates. we've gone through a lot of different wars, a lot of different things over the period of time. there is not another read that can say it's increased its dividend and shareholders every single year since 1967 there is none.

when you think about well, how can that happen? we're not borrowing to pay that dividend so effectively, that can only be a real estate portfolio that continually grows cash flow year in and year out when you talk about 55 years, though, that's in a different league of everybody and that's why i think we're going to prove in 2023 after a really good 2022 that we're a different kind of shopping center company. >> people have to understand that you'rr occupied space is o the charts up 170 basis points over last year now, that's incredible given the fact that so many people are worried about a recession. >> it is what is crystal clear, crystal clear is that the best thing to come out of covid in the entire period was the elimination and notion that bricks and mortar weren't important. that we're social creatures and need to physically get out there and shop and eat in great

restaurants and work in the gym. that is not a dead category. people thought about it. it happened a year earlier than we thought we watched that resurgence put us back to our record levels of earnings of 2019 sooner than we thought with a really nice pipeline about where we're going. but it's not all real estate created equal. it's got to be good stuff and that's what we do, selectively choose one after another. >> some people say they are levered to bed bad and beyond and tjx. you actually address head on, you called in the conference call you actually talked about bed bath being expected bankrupt but they're paying you $15 per square foot. i bet you can't wait for them to leave. >> look, you want to have those stores come back over time. >> right. >> you don't want them all at once. >> right. >> nobody does effectively, when you have the

best real estate, though, the likelihood that we will have most of the best bed, bath and beyond continue to perform and to pay through bankruptcy, is much more likely than the portfolio that doesn't have the same level of quality locations. the other thing to think about let's take bed, bath and beyond and throw party city in there, tuesday morning. >> regal. >> all them together less than 1% of the revenue base that diversification of not only tenant base but of geography, the diversification of property type, not just an cchor choppin

centers. >> they turn down the sp-- if t fed takes you to 6%, you're not sitting with cranes all over the place. >> if development is part of your business, you need three things you need to understand three things how much it's going to cost, what the rent is going to be to support it and how long it's going to take. here is who i know today, i feel more comfortable than i have in a year, a little more than a year what it's going to cost and what the rent is going b to be. i'm not comfortable on the timing we'll turn up the acquisition spiket because we do it all. >> given your record and i'm telling you it's amazing i'm saying that. you didn't say that. you get the hardest time from these analysts i mean, listen to me they were like when you raise the dividend during the recession, man, you're so reckless this time it's about some mixed use instead of single tenant out in california, people are worried about you and we're from home. >> here is what is going on. it's not work from home. i have great examples about that. >> eloquent the us. >> hit's a risk off environment.

>> right. >> and so simple business plans that don't have development as a component or redevelopment or acquisitions or other components like that are more in favor. well, that's fine for awhile. >> right. >> but at the end of the day, real else state is a slow growing business and so having more arrows in the quiver has for our 60-year history been one of the key did i have remember yeah -- differentials of the company. we'll tell you that. you're right about the analyst side if you look at over the last decade, decade and a half, our average multiple on ffo has been in excess of 20 times earnings today we're trading at 16. it is remarkably under valued in my view -- >> i can't believe because you're an inflationary hedge you are what you buy when there is inflation. >> for sure, for sure. i can tell you because of inflation, we are having an easier time raising rents. we're having an easier time

getting contractual bumps of 3%, sometimes 4% per year in those contracts. it is a very good time for what it is that we do for a living and i need people like you to give me the audience to be able to talk about it. >> the problem is some others in the index aren't doing as well there are a lot -- >> sure. >> b properties aren't doing well anywhere, are they? >> you said it to start this thing. because we're all reits, that's not -- we're not all equal just like pepsi isn't the same as coca-cola, et cetera. it does take a little more to dig in and understand the differentiations people are not interested in digging in these days. >> they're not. >> not like they used to be. >> what about some general i want people to own a stock where the yield keeps going up, not because the stock is going down for heaven's sake. >> absolutely. if you do sit today and buy us at this kind of price and get a

4% yield, a 4% yield that is -- i mean, it's not, you know, for sure going to stay forever but man, oh, man, that's a big part of our business plan for that continued dividend increase. whether or not there is, you know, a appreciation or deductin >> you make a great case you're deserving the great case. don woods ceo of federal reality investment trust frt leaving the stock behind not since you started but since we started. "mad money" is after the break. >> thanks for having me, jim. >> announcer: coming up, time does slip on the stock that's good sold? cramer is going feet first to see if this company has the right fit, next.

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everything old becomes new again like crocs a huge hit with generation z crocs came back during the pandemic the demand is still there. everyone as the stock got e eviserated up more than 170% including 15% gains so far this year they seenmajor gains from hey dude which is a brand they brought a year ago during the covid era wind fall. thanks to the recent market wide saleoff, the stock is back to where it was trading before the company reported an excellent quarter last thursday. sounds enticing to me. the ceo and welcome back to the show. >> thank you for having me back. >> i'm trying to tell people crocs isn't just crocs. thank of hey dude. a year from now we won't think it's just crocs. already it's a three-legged

stole stool, isn't it? >> it is the classic clog is super important to us. it's a big piece of the business that generates a lot of profit it's what we're uniquely known for. if you look at 2022, 27% of our business actually came from the styles that are represented by hey dude ca causal, materializations for 27% of the business, clogs were about 54% of the business and 10% of the business was in sandals. we're much more diversified and diversified nationally, as well. we have substantial business here in the u.s. but our international business has been growing very strongly on the crocs side and we'll take hey dude to theinternational marke starting this year. >> all right let me take that one step further. last year banged up everywhere but your forecast for this year showed very little growth in the u.s., tremendous growth internationally. a lot of people say to me, listen, when it's international,

the big growth, look out that means they've tapped out the domestic how do you respond to that >> yeah, i mean, look, i think we got to be prudent as we plan our domestic business, right so we had a nice growth here in the u.s. last year as we look at this year, we're very confident we'll get double digit growth across the portfolio we're concerned about the u.s. con consumer we're confident about the front half from the u.s. perspective we can see strong trajectory in our dtc business we can see our auto book from the whole sale partners, clearly, we have more growth profess prospects internationally but we have to plan cautiously. we feel like crocs will benefit from a constrained consumer because both of the brands, crocs and hey dude sell at moderate price points. e thi

we think the consumer will be restrained. >> you said you're cautious about the consumer you said hey dude inventories are admittedly elevated, which caused me to say well, wait a second, if they bring it up, why should i not bring it up so why don't you fill us in on how that is going? >> yeah, yeah, as we look at inventory management, we think the health of a brand is based on how well you manage inv inventory. if you manage inventory tightly, you keep yourself, you keep your working capital under control and allows your room to bring in on a frequent basis. last year, we brought a lot to the crocs consumer late last year and the hey dude brand is new to the consumer period what we've tried to call out when we're identifying that was that our crocs inventory is in great shape. we'll turn those four times. hey dude is higher than we'd like to be we have prepurchasing doing preacquisition but we're very confident. we'd like to keep control of

in inve inventory. we're not a brand to push to the whole sale market. we want to keep control to make sure we're selling it in the right place at the right price it just a callout we wanted to make to investors. >> given your close affinity to direct consumer, you probably had a better handle on the inventory than any company i'd deal with. >> super important, right? if you lay your inventory out of con control, the only thing you can do is pull the price lever and promotional lever and that's not where we want to be for the brand. we think four times terms is super important and we spent a lot of time and focus on that. that was really hard during the pandemic, right? as you've seen inventories were stopped and ballooned and then -- so, but we kind of feel like we're kind of back to a more normalized place this year so that's a great place to be. >> as a prudent business person

that you are, you talked several times about being committed to working towards deleveraging quickly. that's because you did pay a lot of money for hey dude, immediately worth it and 1.7 billion in debt as of the last quarter. how do you keep the resist from 2.3 billion borrowing all together, how do you keep resisting to selling a huge slug of stock for the company >> i don't think we need to, right? so we generate a lot of cash flow so if you look at last year, close to a billion dollars of ebita and if you sort of minus cap x and do adjustments, we're generating various significant cash flow so we can afford to pay down debt quickly. we paid down $550 million on borrowings we're peak leverage 3.1 times purchasing hey dude and finished 5.52 times and promised the markets of the investment community that will be down below two times at mid year point. that's important because it's a

convenient in our high yield bonds at which answers from repurchasing stocks. so once we get past mid year we have options that will generate a lot of cash. with we can pay down stock. we can invest in business. all of those things. i don't think we need to sell stock at this price. we can deleverage by paying down the debt and we can -- we have plenty of options about what we want to do with capital in the future. >> last question, there is a -- throughout all your conference calls, this is a theme that newness sells. how do you keep coming up with new designs? we have people in the audience saying i can design something for them how do i do that if newness is the driver, we have people in the audience that want to be part of the newness. >> yeah, we -- you'd be amazed how many inbound suggestions we get from consumers and also our customers, retailers, as well. absolutely i'm glad you picked up on that theme. newness sells. we see that in the crocs brand and hey dude brand

behind me on the wall we see the echo clog and product we introduced late last week. and prospects it's important to the consumer looking for the new and latest and you combine the latest and greatest product from crocs at an approachable price point. you can pay 50 to $60 for a brand-new item and feel great about it that's super important if consumers wish to send us some suggestions, feel free to do so. we'll take everything under consideration. >> i bet you actually will i know you do because i've seen the different designs and i of course, made up my eagles' shoes i can send to you. others can do the same thank you to the ceo of crocs, incredibly successful company and terrific, terrific three-legged stole of shoes. good to see you. >> thank you, jim. >> "mad money" will be back after the break. >> announcer: coming up, can

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life science stocks finally recover from the post covid hangover during the darkest days of the pandemic they had new highs but as the world went back to normal last year, these stocks got steam rolled the industry didn't deteriorate but got over difficult year over year periods the comps. the sectors, think about thermo fisher, perk and elmer, there is

another major player that don't get enough credit for, which is waters corp and they reported a mixed set of numbers their actual results were excellent. clean top and bottom line beat largely because they gave a cautious earnings forecast for the current quarter. it's been a week since then and the stock is down nearly $20 if waters is being conservative, this could be a great buying opportunity. we got to find out what is going on let's check in with the president and ceo of waters to get a better read on the quarter and the prospects. doctor, welcome back to "mad money." >> hi, jim, how are you? >> i'm good, how about you >> excellent all right, you made a terrific acquisition why which i think is good you also had an excellent quarter. the stock unfortunately went down to me, i can't tell where whether the stock is a buy or sell that's not my job. i can say nothing seems to be out of the ordinary at all if anything, the ine acquisitio

additive great year. >> we have coffin stand currency on a 14%, 15% from the previous year fantastic year high double digits really good results for the full year we have had terrific, terrific commercial momentum and introduced new products in the bio pharma space and food testing space for testing molecules and now we've started our third leg of the journey, which is the acquisition of biotechnologies. so super excited about the future and really, really great results. >> let's take the middle leg which leads to ground water contamination. not unlike what is happening in east palestine where we have

potential ground water contan na -- contamination from a ground wreck. tell us what you measure in the ground and how dangerous it is. >> jim, unfortunately, what's happened in ohio, we're not as close to it but talking about taking that as an example, i mean, as you know, these are forever chemicals. i was reading an article, no quantity however small is small enough to not cause any medical, long term medical impact, right? we want it detected at the lowest level possible. we introduced an instrument of very high intensity instrument last year that detects small quantities of p fast it's like having a teaspoon of sugar in an olympic sized pool we can tell you how much there is and what it is. we're partnering with public

health solutions around the world where we can test drinking water, food, et cetera across the globe and make sure we can get rid of it from our food and water sources and many of our indust indus industrial customers are talking to us. a problem but we have a very sensitive instrument that is helping our customers. >> right people want to see the danger of p fast look in further than the stock of 3 m because they have a p fast problem let's go to the positive side. fabulous video on the website about what you do to measure and make lithium batteries safe. i think that's a technology people want to know more about. >> yeah. look, i mean, our fastest growing segment across the whole business is battery testing. we are a thermal analysis products are used by customers to do testing of the electro chemistry, and basically the top

five electric vehicle manufacturers are customers. they use our products to test not just what is in the battery but ensure the batteries don't over heat over time. our products are used across th chain of battery testing. >> we talk about bye,uy bio log. what do you guys do to help make biologics successful >> 40% of the pipeline is biologics like mnra and cell gene therapies these molecules are of course terrific they save our lives. they are highly effective but th they're expensive and take time to develop we want to know each and everything about these molecules, right as waters do an incredible job

of understanding these waters. a protein has amino acids in the protein. think of mnra molecule, we want to know the acid in the mnar the instruments allow us to measure the chemistry exquisitely and with the biotechnologies we're able to look at the size of the moll tour, the shape and that is an important role how these work. in order to reduce the cost and speed up development, we need to find out each and everything about these complex molecules and already had that capability at waters from the perspective just added another leg to the stool with the acquisition. >> what i like so much is that you have very few competitors at a time when the economy is slowing down and you're insu instrumental, which is fantastic. i want to thank the president and ceo of waters corp great to have you on the show.

thank you. >> thank you, jim. always a pleasure. >> "mad money" is back after the break. coming up, cramer takes your calls and the sky is the limit it's a fast fire lightning round, next. what do you get from the morgan stanley client experience? listening more than talking, and a personalized plan ♪ to guide you through a changing world. ♪ lomita feed is 101 years old. when covid hit, we had some challenges. i heard about the payroll tax refund that allowed us to keep the people that have been here taking care of us. learn more at getrefunds.com. the first time you made a sale online was also the first time you heard of a town named... dinosaur? we just got an order from a dinosaur, colorado.

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>> announcer: lightening round is sponsored by t.d. ameritrade. it is time, it is time for the lightening round buy, buy, sell, sell and play the sound. and then the lightning round is over are you ready, ski daddy i'll start with joe in new jersey, joe? >> caller: hi, jim

love your show. >> thank you what's up? >> caller: i'm getting close to retirement and i have about 25 cents of my retirement fund in burke shire er sure m-- buhire away. >> stay long i need to go to john in new jersey, john >> caller: yes, mr. cramerica. i just want to let you know -- >> that's me. >> caller: my friend and myself have been watching your show for so long and we love it anyhow -- >> thank you, thank you, john. >> caller: trading around a 52-week low and a good dividend vfc. >> well, vfc i got to tell you, good dividend but because the stock has fallen so much because they cut the dividend. ben is doing his best but vf corp, i don't like apparel and i

don't like that. if you need apparel, i'll go with ralph lauren. roger in minnesota, roger? >> caller: hey, jimmy chill. i have a question about what i owned in the past, looking to get back in. it's topping around the 200 level here is this a good stop -- >> yes, i do think -- look, i think that the company has got it i was listening to phil lebeau unbelievable one and two in california for e.v. the best product stay long. tesla. how about paul in new york, paul >> caller: boo-yah, jim. great to talk to you thanks for taking the call. >> of course, thank you for calling. >> caller: thank you teza -- >> nothing distinguishing. no, no, no, no sell it. nothing distinguishing it's not unobtainable but none i like tesla more. it's not a drug company. how about jerry in california, jer? >> caller: yeah, bueno

hello, jim, hello. i wondered about mckesson. >> no, they just print money unbelievable bill in georgia, bill? >> caller: bill. >> hey, bill i'm jim. [ laughter ] cull c >> caller: jim, nice to meet you finally. love the show. thank you for all you do for us. >> thank you >> caller: hey, been enjoying watching the market turn and feel confident about what is ahead for our friends in i.t., great news by nvidia this evening. outlook pretty bright, i think, for land research but when you look at the different growth areas from a.i. to enterprise, cloud, et cetera, all of that needs to land somewhere in high performance global shots so i want to get your thoughts on

equinox. >> that is hard. some people feel it's an endless war of e commerce, me, i think the stock is up a lot and doesn't offer much of a yield. hold it. good short i have to admit. let's go to darrell in tennessee, darrell >> caller: jim, thank you for the work you do for us listeners. >> sure do try. >> caller: the stock i had today is gilead sciences. >> you know, it just doesn't do anything for me. it's just not doing anything interesting. they don't have any new drugs i want they don't have the great trials going on i say go with eli lilly because much better situation. let's go to steve in pennsylvania, steve? >> caller: hey, jim, boo-yah. >> boo-yah. >> caller: marine corps veteran and a long-time listener and first time caller.

thank you for taking my call. >> thank you for serving what's going on? >> caller: i want your take on eqt. >> eqt jeff marks and i addressed that. we had a home stretch program until 2:00 and i got to tell you that's great if you think that's the bottom, it's time to -- buy, buy, buy! that ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by td ameritrade coming up, starbucks may or may not be on the verge of an all in power transformation but cramer is taking a lesson from schultz and shares it next

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yesterday, howard schultz introduced the new olive oil infused coffee drink and came on the show and said it was transformational a bit of a definitive needle mover for the world's largest coffee chain it's a good time to talk about what it means to move the needle moving something large enough to impact the share price the larger your company is, the more it takes to move the needle and starbucks is indeed $120 billion company. when i heard schultz pitching this new drink as transformational, a couple

things went through my head. maybe this is hyperbole and maybe a cup of coffee with italian olive oil in it. how could that move the needle l? schultz knows the coffee business better than anyone including me so when i heard about this drink, i took a dallop of my own home grown olive oil. then again, i'm a stock guy, not a coffee guy we own starbucks for the charitable trust and learn more about that by joining the cnbc investing club schultz turned it into worldwide colossal something more impressive than my at home stirring and a spoon full of olive oil is healthier than using this creamer. maybe oleato will bring it into stores if that's the case, this could eventually be a needle mover down the road but that's not a reason to buy the stock now ahead of the international launch still, as a menu addition, it could be a winner. so what is a real needle mover

at this moment first, you need to know they are few and far between despite the endless claims by executives we got one on the show last night and it wasn't oleato palo alto networks the ceo told us they've got $6 billion in cash. that means -- you know what they can do about that? the money allows them for the current macro i economic weakne. palo alto is currently taking market share for everything. of course, a lot of dumb money out there. people see good news from palo alto and the cybersecurity cohort in this case, what is good for palo alto is bad for the compe competitors. sle shredding other companies. he can crush rivals under the weight of palo alto's balance sheet. that's a needle mover. keep investing club fav palo alto above others. there is an element of time here palo alto's mown untain of cashn

move the needle but have something different, chat gpt. there is artificial intelligence and a lot of different stocks went up and down but, check -- this gbt thing, it's powered by nvidia is it a needle mover for nvidia? i don't know after sifting through the quarter it might be the case what a great company that is you rarely see needle movers in businesses, forget it. they don't exist the rise of fracking, oil and gas that worked. needle movers much bigger than an edge. come p competitors but might not move versus wells fargo when someone has something transformational to move the needle, you have to ask two things, one, who is making that claim and two, what is the time frame. for palo alto, he's money and the future is now.

for howard schultz at starbucks, he's bankable but the company is too big too move the needle any time soon as i love it in nv nvidia, i trust that guy any day of the week still a buy. i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer see you tomorrow peter is the most seasoned investor on "dragons' den," the u.k. version of "shark tank," with 18 seasons under his belt. [ british accent ] i can help you scale this business from a global perspective. that's what i bring to the party. the british are coming! [ laughter ] ocean plastics are one of the biggest environmental challenges of our generation. [ british accent ] we have got the meals for busy people who care about what they put in their bodies. parm: it's a perfect tool when you're multitasking or when you have a coworker like mr. wonderful who keeps on ranting. [ laughs ] this is a lifelong dream realized, to be able to put my passion for music into my career. jones: i could be your perfect partner, and that's why i'm gonna make you an offer. i know how to make this thing huge. i'm afraid you guys might hold me back.