"options action. "mad money with jim cramer" is up next. have a great weekend, everyone 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 tierying to mk you some money call me at 800-743-cnb krr or tweet me @jimcramer. got a serious of numbers from january that were way too high and the hotter the economy with

new jobs and inflation galore, the worse the stock market will behave the market is trying to find its footing but can't without cooler inflation numbers. it's kpas it's kpas bper rating it turns out january's data was robust for the economy and got a host of progress and more against food, housing and wage inflation. the strangest thing is we all knew this. we all know that january defied higher rates but i need to warn you. the fed will keep tightening until we get major numbers that show a real victory. until then, there is no sense of fighting it. the market has to go lower the good news is we're getting over sold and the bad news is we haven't bottomed yet not everything is bad. if you want positives in the

game plan look in further than the burke shire math away. producing a nice counter to the negative news. i hate to label burke shire rosie and roses are perennials but i expect a list how the mighty u.s. market transcended a 19% fed fund rate so a 6% handle won't be devastating if that's where we're headed we need to say it wouz because y else will. we're hosting a cnbc annual meeting. club members can watch and stream live at cnbc.com/investing club/live at 10:30 a.m. we'll bring it join the club. there are a lot of over valued tech stocks out there. i'm very critical of the companies that don't turn a profit but some have a positive earnings like workday and zoom video that report monday after the close. only one of them is growing, though, and that's workday

both companies have earned restructuring that include layoffs. if zoom shows any growth at all, this stock will go higher. and i sure hope it does. i'm rooting for them if workday can celebrate the growth it too will roar. not everything has to go down, people on tuesday, target starts things off in a quarter that tends the set the tone for the whole day we may have to deal with the fact there is a ton of weakness in retail in general i'm worried target shares may have to revisit the lower levels down 25 points at those levels it will be a buy but until then, it's up in the air. how about that at the same time chevron has an investor day event oil and gas prices have fallen so hard it might not matter what they say the last quarter wasn't up to snuff. the stock has gone up according to wall street i want to hear chevron's view but the stock is in no man's land what else? goldman sachs has a big investor meeting on tuesday i like this one. the stock is very inexpensive here selling for 10 times

earnings and this is as low as the earnings are likely to get because the capital market business is more or less dead now. can i get more dead? i don't think so i think the financials are the group to watch and goldman could ignite a rally after the close, we hear from amc entertainment. this is a wild one the ceo is a brilliant salesman of his stock i bet he tells an amazing story how the movie chain is doing well and everything great. terrific and great, the popcorn, anything my response as my wife always says whenever i go on a ridiculous rant/jag, have at it. knock yourself out i don't know what else is there to say about amc? wednesday brings results for lowes. big, big store, blue box, big sign wall street expecting nothing big. that's perfect for the ceo when he tells us a darn good story with optimism for the spring i like lowes because the stock is seasoned by the meltdown by home depot fascinating. after the close, salesforce crm

reports. controversy about this led by different activists, hedge funds. i got to tell you i'm betting it dies down and perhaps i know this will sound surprising but i know my partner david favor and i have been talking about it marc benioff will get back to business and they can stop bothering him? i'm not sure how salesforce business is doing to determine how the stock does that day. the stock trades like a nightmare, though. we have a small position in the charitable trust i wish we owned more he can deliver that doesn't mean that the stock is going to rally when we see the number all right. let's not bury the lead. we should have started with it right here wednesday belongs to elon musk when tesla holds an investor meeting. most of these affairs are quite dry. you think this one will be it will be wild. you can't gain real surprise, not talking about a faux self-generated surprises but genuine shockers i think musk can take aim at his

competitors who simply isn't been able to challenge him yet the latest being lucid that reported hideous numbers one look at the stocks tells us these small electric vehicle plays can't keep up and i hope ford fixing the battery in the f-150 lightning before the time tesla speaks or musk will have fun with ford. i enjoy him. i enjoy his banter i enjoy what he's up to. i got to tell you, i think it will be real lights out stuff when he speaks i like the stock thursday, we got more retailers. all right? including three that could be very compelling because of their valuations and because of their stickiness the first two best buy and macy's, they are dirt cheap and that intrigues me although neither will blow the doors open and the one that's sticky is kroger because they're able to raise price if the food price goes up but the fed, they want to see kroger sales go down, frankly. they're not looking specifically at kroger but you know what i mean we want to stop inflation wherever we see it and it's really bad at the supermarket. after the close, costco reports.

we own this for the charitable trust, too the stock has a bad habit of going down on any news, even good news, that's how bad the market is right now. it's only going to get worse because we're in a retail bear market i say this, i say if those of you that have a constitution to stomach risk, you have my blessing to buy costco if it goes down on the quarter finally, friday we get three people from the fed speaking oh my god. can i take the day off i'm looking at my executive producer can i take the day off because of these three laurie logan, along with michelle bowman. remember the board of governors. any one of these people can sink the market they do it we've been dealing with a strong january number i want to at least see the february numbers before we dim the market again bottom line, we can get individual good stories next week but for now, the market could still head lower until wed a just to the prospect of more aggressive rate hikes to curve

the persistent inflation short term bear, longer term bull john in florida, john? >> caller: boo-yah, jim! >> boo-yah, john what's going on? >> caller: hey, most travel stocks are not coming out of the park but expedia is broken do you see any help for them what should i do with this >> i like expedia management i was so impressed with the numbers fogle put up at booking. 25 today that stock could be much higher. by the way, airbnb is not gone going higher stop knit picking, frank in new york, frank? frank? >> caller: hey, boo-yah, jim. >> boo-yah, frank. how are you? >> caller: good. good jim, got a question on disney. >> sure. >> caller: a lot of your investors on television and media saying it's a stock to buy, yet, it's nowhere near the 205 that it was and also, i'm

confused by all the movies doing so well but the stock is not responding. >> yeah, frank, look, i got to tell ya. my charitable trust owns it. i had to sit through a ridiculous presentation saying warner broths is the new disney. how about disney being the new disney time for bob tiger to step up and becounted. how he will deliver numbers while looking for a successor because the stock is down a great deal and i bet some people are unhappy it's down this much. let's go to john in massachusetts, john? >> caller: hey, jim, i think you're a rock star at what you do so for that we thank you. >> no, my wife doesn't like it she calls me a mosquito celebrity, she tells me it's an o at the end of mosquito it's an a. what's going on? >> caller: g.e. health care a spinoff from electric, i have an 89% gain in the stock. i think i might be starting to

smell like bacon who do you think >> even beyond meat bacon. it's time. let's get serious, john. take half of that off the table. a real winner. bulls make money, bears make money and hogs, don't be a hog all right. we can still get some individual good stories as we don't give up and we are probably closer to a bottom than anyone thinks but for now, it's not so good. "mad money" tonight, despite a tough market landscape, train, t-r-a-n-e let's get to the ceo are invest tors getting a buying opportunity? last night another good yield reported solid results of introducing guidance for the rest of the year i liked what should investors be watching from beachy in 2023 don't miss my exclusive and stay with cramer.

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we spend a lot of time about slowdowns but some companies seem to defy the headwinds take trane technologies with heating and air conditions with a refrigerator you've seen on the road and haven't seen it you think they would struggle with overall exposure but trane

keeps putting up excellent numbers. they reported a blowout quarter and issued a phenomenal full year forecast. the stock held up well how did they pull it off let's check in with the chairman and ceo to get a better sense of story. welcome to "mad money. this is fantastic. >> thanks for having me. >> for the only people out there including my daughter that said dad, can you find me a company to make the planet cleaner i got in front of me a man that says our goals are de decarbonization and sustainability you got the floor. >> our company is founded in our purpose to challenge the purpose and what is sustainable in oil when we look at in our industry, heating and cooling of buildings represents about 15% of all global greenhouse glass. >> 1-5%. >> 1-5 heating and cooling of buildings. if you add on food waste, it's

another 10%. it comes from the way it's being transported. we're in a sweet spot in trane technologies where we have 25% of the greenhouse gas we can go after and decarbonize it. >> you said something unbelievable in the conference call i won't forget. being broken means too much energy explain that to people. >> what we did was we realized early on that if you think about a building and ten years ago we used to think it's not cooling, it's not heating properly. something is broke in the system that's now transformed to we're connected to buildings we're connected to assets and now something is broke when it's consuming too much energy. so we don't roll a technician necessarily just when something isn't properly that isn't worki working binarily. >> your passion is clearly to make it so that there is less carbon and it seems like that

you have a huge amount of technology a lot of really fantastic scientists that work at your company right now. >> we sure do. we have scientists that this is an incredible story. usually you don't find the incumbent that's a disruptor what we were able to do is in a traditional building, you have a cooling plant, usually a chiller plant and you have a heating plant, usually a boiler. what our team did was combine the two into one system. we call it a thermal management system we have eliminated the need to use fossil fuel for heating. when you think about the 15% of carbon for heating and cooling of buildings, the majority of that comes from the heating side because it's fossil fuel and the efficiency levels you get by combining these systems, they could be 3 to 4 times more efficient than the conventional system. >> i know you mentioned that in conjunction also with europe which we know is far ahead of the united states in terms of fighting global warming. that must be a very good seller.

>> yeah, i mean, our business in europe is just a fantastic fourth quarter our revenue growth in the fourth quarter for our commercial hshhvac was up. >> that's incredible people think europe is more abun dant you're not just saving the world but making money for shareholders. >> that's right. 30% of the revenue is from surfaces it's now becoming more connected. it's becoming more digitized and it's just a fabulous business that we're very proud about here at trane ee technologies. >> your cfo says our share remains attractive trading below the calculate value. most ceos and cfos never willing to say the stock is cheap. that's up to you you did work and modelled what your company should be worth. >> we have we're looking at the value and we have a lot of firepower to buy back shares. >> more than $3 billion? >> more than $3 billion.

and when we're in that situation, we'll -- we have a balanced allocation strategy we'll pay a competitive dividend and look to reinvest in our company. the way we've been successful is through this relentless innovation and creates a fly wheel. we're always going to look at great investments and share buy back and mna to make sure we deploy 100% of our free cash flow. >> when i first met trane, you were part of a company you are just trane now and it works, does it >> i look at -- i'm very proud of our success in 2022 organic revenue up we delivered again strong cash flow this business is very vibrant. it's growing the meg a trends around sustainability intensify. >> you made it clear you had supply chain issues. those are in the past. by the way, you're not raising the alarm.

you're not saying inflation that will be such a negative you have to ask for numbers this year. >> that's correct, jim i would tell you supply chain, our team has done a fantastic job with the supply chain. unfortunately, it's not 100% fixed. it's not back to what i would call normal. it will get better over time and we're seeing a gradual improvement. >> people should understand when you build a chip factory, when you build a battery plant and data center, that's your bread and butter. >> there is a lot of cooling capacity required. >> can you tell us about what the -- i laugh but the inflation reduction act might mean for your company >> it will be a tailwind one is a tax credit hit and rebate, which is where funds will flow from the fed to the states and each state will have a little different frame work they will operate in we think that's a tailwind in the back half. >> 2024, 2023 is schools. >> that's their funding. >> right. >> so in 2022, in the education

vertical, our equipment orders were up 40%. 4-0. >> these are better than tech numbers, people. this is what you're looking for in this environment. i want to congratulate you trane is a great company chairman and ceo of trane technologies i've always loved this business. you've done great stuff. thank you very much. "mad money" is back after the break. >> announcer: coming up, our winds have changed blowing for this power player. cramer plugs in with aap after earnings next

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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. ♪ now that we're getting hotter than expected inflation readings, the chances of a nasty fed mandated recession have gone up, which means you might have to swap back into traditional slowdown stocks. you know what i like i like utilities one of the best performing groups

take american electric power, aep. 5.6 million customers across 11 states ap returned over 10% last year we love it despite the hideous downturn and average pulled back 5% in 2023 i bet that rotation will reverse real soon. suggesting a.p. as usually reported a strong quarter this week we see them selling unregulated renewable energy portfolio. nice callus. let's dig deeper with the new ceo of american electric power welcome to "mad money." >> thank you for having me a pleasure to be here. >> thank you, first people need to know you're not new to american power you're an old hand. >> that's right. i've been here for awhile. i got to tell you stepping into the ceo role at this time where we are in our space is not a more exciting time than this today. >> i couldn't agree more when you're in the states that are heartland and heartland is doing better when california is laying off tech guys and the east doesn't know what to do. you must be busy industrial,

commercial and residential. >> that's absolutely right we focus on it every day we're a utility company but really in the economic development business when you think about it, right? we're constantly trying to spur the business activity. really important to us. >> one of the biggest bills ever was this chips act it looks like ohio will be a beneficiary. i have to check in to see if there is enough power. you produce low castost power f tech. >> it's a great thing for the state of ohio. in general the entire service community will attract more businesses across our entire footprint, matter of fact, think about the commercial load that's gone up has been as a result of that effort trying to attract business and industrial same thing. two-thirds of the growth has come from our economic development efforts that happened in the past, fantastic. >> i talked on the morning show let's get bus tickets where the action is. happens to be in your area there are things that are difficult to understand.

you've been trying to sell one regulated business kentucky. you have this unregulated renewable business talk about the shuffling the first thing people say is that shuffling going to mean lower dividend >> no, it doesn't mean anything about a lower dividend it will propel the growth or enable us to invest in unregulated business we'll take the dollars from both sales and we'll spend $40 billion making sure our customers are able to receive reliable clean energy over the next five years. >> now, nick aiken your pred says sore was teaching me how he wanteded to go as renewable as fast as possible tell me your plan. i know you have a very aggressive i think very aggressive game plan and gold is terrific. >> we do no change in terms of what nick told you we're in a great position. aep does have one of the biggest transformation stories so that's another reason why it's an exciting time for us. >> sure. >> we're going to spend of the $40 billion i mentioned to you, $9 billion is on renewable's in

the next five years. >> that's very good. in 2006 when i first saw you guys, you were basically a coal based utility. no way to describe that after this. >> absolutely not. it will change dramatically. >> nuclear is something we have been batting around. i'm pronuke kind of. are you able to do small format nukes where your nukes are now and maybe have good reliable clean power? >> we're actually looking into the technology now i think it's going to take all of it. it's going to take all the different types of sources of energy over time we'll look at nuclear and see how that fits into our portfolio, absolutely. >> give me a profile when the industrials are really booming what is it who is building? what are they doing? >> we're attracting all sorts of different businesses to our footprint. we have variability. that economic development aspect of the business bringing those to service territory

why we like the industrial customer business so much is it has a cascade effect these jobs come to the service territory, more jobs, more commercial load. we have a bigger denominator and makes customer rates easier to manage this product has to be affordable. >> people have been saying natural gas is down low. does that mean american electric power makes more money i don't want to tell people that's too simple. you can explain why you're not levered to it. >> we pay close attention to natural gas prices what we want to do is make sure our customers are able to afford our product. when i think about the renewable investment we just talked about, the reason renewable's make is much sense, it takes the fuel volatility out of the portfolio. we have natural gas. it takes all of it if we take some volatility out, it allows my customer to have a more stable rate. >> some people say listen, i don't want them to get rid of

renewable's but they're selling something that seemed like a good business. >> yeah, it's a great business discrete portfolio and unregulated so not necessarily the core business. if we can monetize that and tak the dollars and channel it back to the regulated business and invest on the regulated side of the business makes sense. >> i'm waiting for something to happen with kentucky when i deal with a utility, it's not like a transaction that you're dealing with, a big tech company. >> no, no, we're dealing with regulators that's what we do. that's part of our fabric. we're focused on getting the transaction completed because we want to make sure the customers get the power continue to be delivered to them. >> is it the delay of your just, let's say, not substantive or is the delay something we should worry about that maybe the deal gets shot down >> we're entirely focused on making sure it happens that deal includes loss of customer savings so that needs to happen for the state of kentucky and service territory so what we're doing with the

regulator is making sure we're ticking and tieing and scratching every itch they threw to make sure the customer gets what it needs. >> terrific for people that are shareholders i want to thank julie, the new ceo of american electric power "mad money" is back after the break. >> announcer: coming up, investing is no game so how have casinos helped this stock hit big? find out next.

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the vegas strip. this is the only play that gives you a positive return. think about that last night, vici reported a solid quarter again good enough to send the stock higher but got dragged down the market can pull down anything going down 5.7% not a lot. can these guys keep putting up good numbers let's check in with the ceo to find more about the quarter. welcome back to "mad money." >> jim, good to see you again. >> five years i saw you. it was a goldman deal. look for the deals where the stocks don't go to a double at the premium. look for good, solid businesses. turns out from that period, you're the best. tell us how you got in the s&p 500. >> it was about five years ago we rang the bell if i told you then, okay, jim, over the next five years, the

s&p 500 and nasdaq will both deliver identical cumulative total return, 48, 49% you would have gone it's okay but not great. over that five-year period we delivered 110% total return. so more than a little -- more than a little two x s&p 500 nasdaq and using a strategy of getting bigger to achieve the goal of getting better right? we greatly improved our port follow grow and balance sheet and got to a size where the s&p 500 brought us in faster than any read in history. >> congratulations that's quite a big one there is a terrific piece that says -- this is september 23rd, the raep that never sleeps that means you're always on the lookout and make a lot of deals. >> we do make a lot of deals it's the way in which we grow and create value so as we announced last night with earnings, our guidance for 2023 is 10% growth and distributing cash flow at the mid point of guidance. you take that 10% and you

compare it to consensus on s&p 500 which isn't great and combine that with our dividend of 4.5% and for your investors, the combination of earnings growth and dividend is a good proxy for total return. >> i'm so glad you said for your investors. i heard people talk about trading in and out of stocks you don't trade vici you own vici there was a transaction, my partner in the morning show david favor talked about the black stone eloqureal estate tr and problems they're a good partner i love black stone at the same time, you were able to close a fabulous deal with them that i think is going to be great for shareholders. >> it is going to be a great deal for shareholders. we're able to do the deal with a valuable partner black stone with whom we're still in partnership because we have liquidity.

right? they called literally mid november by december 1st we had a deal to announce the reason we could announce is because we could pay for it. we could pay for it because we've been one of the most active raisers of equity on wall street during our first five years. >> okay. so you're watching and you're hearing well, wait a second, jim says it never sleeps just did a canadian deal for canadian gaming properties and sell lease back. how do i know if i buy the stock monday morning that monday afternoon he's going to do a big offering and i could have got a better price >> the issue of equity is it is through the issuing of equity they grow. we grow distributeble cash by buying properties and adding earnings that benefit everybody. i've had investors say to me hey, you're always raising equity it's diluted and that's only if earnings go down if we issue equity to make everybody's earnings go up it's a creative equity raising to raise the value of your stock

every time as new earnings get incorporated with an equity. >> how are the non-vegas buys doing? including some that are kind of fun for kids some clean living stuff. >> they're all doing really well we have a sec cuular trend now we have two big demographic age waves, you and me ageing -- not ageing but baby boomers. >> i got younger since last week. >> you did. >> you may be the exception. >> i want to know how that deal was because the last time you were on the, canyon ridge deal had been struck. >> john goff and i were here in late october we were so excited with canyon ranch austin austin but what wee the opportunity to do with john and the team globally. the need for wellness is only going to increase as we go forward. >> that's great. you're sold out. these are all sold out proppro prop

properties if you try to go to canyon ranch, you can't people say okay, how -- what are they doing with their distribution how do we find the dividend, what distribution we'll make >> yeah, so thank god this week is over, right >> kind of [ laughter ] >> i went to philly yesterday. i liked it. >> there's a lot of good reasons to buy the s&p 500 dividend yield is not one of them. >> i know. it's pathetic. >> okay? so take that 1.5% and combine with the consensus earnings growth and depending who you want to listen to, it could be negative nine and others could not be great look, if you buy individual stocks, i would recommend in this climate start with the dividend is it solid? is it weather tested did the dividend hold up during covid? we grew our dividend in covid. so is it a solid dividend? can it grow? 10% earnings growth. buy a dividend that has the chance to grow and the worst thing that can happen is you

have money in your pocket at the end of the year. >> from the day i met you and i love that deal and i did -- it didn't pop, it was a great deal. you've been a moneymaker congratulations to you and all the people that own your stock. >> thank you, jim. >> the ceo of vici properties, v-i-c-i. this is what i dream of, a really good executive building value over time for people that want a distribution, a good one. thank you. >> thank you, jim. "mad money" is back after the break. >> announcer: coming up, cramer takes your calls and the sky is the limit. it's a fast fire lightning round next for businesses of all sizes, there are a lot of choices when it comes to your internet and technology needs. when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security

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all right. before we start the light eening round, i want to tell you about something so special happening tomorrow the first ever cnbc investing club annual meeting right here in new york city gathering of investing club members and jeff marks and i will spend the day talking portfolio, stocks, markets and the best way we know to do that is meet you in person to become better investors we'll take lots of questions if you want to be at the next event we do, scan this qr code on your phone and i really want you to be there. you got to join the club now, and now, it is time, it is time for the lightning round stock, buy, buy play the sound and the lightning round is over. are you ready ski daddy? time for the lightening round.

let's start with shad in nebraska. >> caller: hey, jim, what's your outlook on ten >> a lot of people like to bet ink pen should come on the show after it did that deal the stock is like 29 bucks it went up to like 80. let's get them on because gambling is hot again. paul in mississippi, paul? >> caller: hey, jim, so cool to be on the phone with you i appreciate it. >> it's cool to be on the phone with you, paul what's happening >> caller: i want to thank you for bringing along young investors out there, specifically my son andy in san diego and his younger brother in hendersonville, tennessee, corey. these kids these days are so far ahead of where i was in my 20s. >> oh, and they love the show. it's great we went to miami everybody loved the darn thing my audience is getting younger as i get older how can i help >> caller: got a pharmaceutical stock in mind growing revenue and equity

$12 million in cash. this is the largest supplier of insulin on earth what can you tell me about n-v-o? >> sold out. the stock had plateaued. stay on it we'll go against their weight in diabetes drugs and it's a very, very good company but be aware the trust owns eli lilly coming up fast on the far turn. they can win at the finish line. let's go to john. >> caller: boo-yah, jim. >> boo-yah, john. >> caller: down here at the east coast. getting ready for the spring got to bring my car to the shop. i want to know if e.t. is going to come up to the principle -- >> it will i didn't like it for a long time because i didn't like that darn balance sheet but they had figured it out and it's just -- what can i say it beat the balance sheet out of me let's go to brian in new york, brian? brian? >> caller: fly, eagle, fly

what do we think about big, changing the style of health care >> i'm just. let me recover i needed a breath because i'm friends with howie rose man and may have to talk to him after the show he's the general manager i got to tell you not because i don't like you brian might be a nice guy. that's a bad stock i think you should -- >> sell, sell, sell. >> it's ugly stuff, too, it's ugly i brought some home for my kitties, what are you doing to me clearance in utah, clearance >> c clearance? speak to me. >> caller: hello >> clearance, cramer, how are you doing? speak to me. >> caller: boo-yah, jim. >> boo-yah, chill says boo-yah. >> caller: awhile back i talked to you about zinga you said it was a thing to look at i went ahead and bought some and take two has bought them out and

i can't -- >> oh my take two is so low they did not have a good quarter. by their own admission, they got -- they need fresh titles. they will do it i would not sell the stock. it didn't go down a lot. that is a very, very good sign we're not done year. we're going to anthony in florida, anthony >> caller: hey, jim, i wanted to thank you and your staff about the monthly meeting we had in miami. i loved it and i'm -- >> was that great? >> caller: i'm a lifetime member of your club. >> yes >> caller: thank these guys for all that. >> oh, my. anthony made my day. we have the club meeting i have to go home tonight and work for four hours. i want to work five hours for anthony. what is going on >> caller: i called you about c chewy and bought it at 55 with the downturn, i used it, my daughter uses it is it a buy -- >> they have to make a lot of

money first. they have not done it the way i wanted i need companies that grow and also make it profitable. profitable growth is the answer. if chewy shows me that, i will indeed hit this button but right now, i got to hit the -- >> don't buy, don't buy, don't buy. >> we're not done, clearly let's go to joe in new york, joe? >> caller: jimbo, boo-yah. >> boo-yah >> caller: so i want to get your thoughts on palintir technologies. >> the guy was cursing on the conference call. i could do without that. they don't have the business i need to see. that company is what i call big hat and no cattle. let's go to brad brad >> caller: hey, jim, how are you doing? >> i am doing well how about you? >> caller: i am doing well

i recently joined the club and i appreciate all you are teaching us. >> there you go. thank you. thank you very much. thank you. >> caller: hey, calling about acls. >> under valued company. i think when you get a semi conductor company from beverly mass they have to be good. i want them on the show before i opine on it too much that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is spon sosored by t.d. ameritrade coming up, make a list, check it twice. cramer shares key homework strategies ahead of tomorrow's special cnbc investing club annual meeting next

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when i drew up the checklist, i've learned to stick with it. at the beginning of the week i told you what we needed to see before we commit a lot of money to buying stocks for the charitable trust tomorrow we convene the first

annual investing club meeting and i found myself on the checklist in anticipation. let me give you a thumbnail of what i'll be talking about tomorrow to demonstrate how a good checklist can keep you from doing something foolish like putting a lot of money to work in an ugly situation first, no bottom until we see long-term interest rates stabilize. this week they did the exact opposite response economic data we have a lot, especially today. initially seemed like they peaked a few months ago. i liked that i think we can challenge the four and change rate from october with the ten-year at 3.95% we're back to early november lows. rates is simply going the wrong way so are dollars second, we need to see super extensive stocks go lower. >> sell, sell, sell, sell. >> another box definitely not checked as these richly valued stocks actually enjoy a resurgence this week that is bad news for certain third, we need to see the

recession resistant stocks get love as money managers call us around headed for a january recession. believe it or not, that's what we want to see that worked this week but when the dollar started soaring again, there goes that neighborhood in the moral words of survivors jeff, got nothing for you. of course, not everything is horrendous here. the banks out perform, something going good the broader market was not as good as the banks because there say wide spread belief capital markets can't get worse and traditional banks will coin money if the fed keeps raising rates. they can take your deposit and risk free for better return. that outweighed an increase in bad loans. as i've told you for years, a market led by the financials is a market i like. it's a bull market i also thought we'd begin to see a die cod me of the retailers. the higher price chains let's say do okay but they're struggling i didn't expect to see such a temped number from home depot.

who wants to invest in renovation when you don't have the confidence your home will go up in value? i don't. there are real issues here really becausewalmart. walmart stock looked like it would come and break out to 150. the stock got hammered without differential and doing well, we know wall street will keep throwing out the proverbial baby with the bath water that could change this week because we have a ton of new retailers reporting. maybe someone could rally? i don't know why care about retail? it's like the banks. could be an i'm pormportant leai group. it would be harder for the market to bottom final check box, the market needs to get over sold somehow and we simply aren't there yet until today, we actually got less over sold i'm hung up on the s&p oscillator i followed since 1986 because it has a great track record until it's minus five we're in a trench war situation got to keep your head down this is not the moment to go

over the top and try to buy something we're only down half as much as i'd like to see after this evening that's out right discouraging. that's why we have a check list and the decline was anticipated almost perfectly by that list. i like to say there is always a bull market somewhere. i promise to find it here on "mad money." i'm jim cramer see you monday these sharks. these if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ i live with my husband, jason, and my two kids, wesley and clara. my husband and i are both doctors. i'm an ophthalmologist, and he's a cardiologist. i don't think some people realize what it actually takes for a woman to get ready in the morning. there's hair, makeup, and that's before you've woken up the kids to get them ready. we're gonna be late. my product is unique,