way. had a fabulous vacation. >> it was lovely, but it's better to be here right now and i think nvidia, i misspoke 83%. better than the s&p. i think it's gone too far. tactical short nvidia >> thanks for watching do "mad money with jim cramer" starts right now 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 money. my job is not just to entertain but educate and teach you. call me at 800-743-cnbc or tweet me @jimcramer. there are too many distortions

everywhere we look we don't have good comparisons so we don't know what works and what doesn't when i was writing my speech for this past weekend's cnbc investing club annual meeting, i wanted to compare how companies were doing versus previous years but nothing is working because comparisons just don't fit nothing makes sense. and that's causing tremendous havoc in the market although we got a nice preview of the dow gaining and s&p advancing and nasdaq climbing 6.3% i do not know how long it will last the discrepancies at this moment are too difficult to fathom. let me give you some examples of what we're up against because they offer real glimpses into the contrary nature of the market and why we worry about what the fed is worrying about we worry about what the fed is worrying about every darn day. notice, we waren't concerned about what the fed is going to do but what it sees and doesn't

see. it's so hard to tell with so many of the distortions about to go over with you out there let's start with the most top of mind i want to start with the one-year destruction, russia's war. it's unfathomable vladimir putin could start a massive unconventional land war to take over ukraine today they are supposed to be ex didn't the federal keep serve can't do anything about food and energy disruptions, they must be worried what it means for inflation for you and for me in pocke pocketbooks. for example, when russia invaded ukraine 30% of the calorie got taken off the table and russia couldn't sell the oil supply president biden unleashed the

petroleum reserve forcing oil back down to the low 70s another distortion if you want to figure out the real value of the most important commodity in the world, what it would be worth in a functional economy, right now we have no idea is it 150? is it 50 you know the fed is worried about the former or anything close to it despite having no control over it. why don't they say it? they have no control over it when russia went to war, wheat spiked because it's the bread basket of youeurope wheat's price is plummeting. does that mean the pricein the supermarket will fall, too who knows. the wheat market is distorted and reverbuated. not all sources are negative we never in history had an economic slowdown where auto demand was up, way up, yet, that's what we have now. some of that is because the semi

conductor chain created a shortage with a backlog of demand the demand for cars is so high steel makers can raise prices sky high they raised them again today what is the fed supposed to do with that kind of distortion can't build steel mills. to make thing lgss more tricky,e are meeting the demand for regular trucks they spend fortunes churning out electric versions of the same models for cars and trucks for the combustion never happened before. ever total distortion and of course, there is a hangover from multiple years of federal give aways stimulus checks, souped up child tax credit and student loan forgiveness is being challenged in court i'm extremely sympathetic to student borrowers because higher education is insanely expensive. it will cost 100 gs a year this represents a massive infusion of cash into the system and that is inflationary the tragedy is this stuff would have been great if they did it

back in 2009 when biden was obama's vice president and had the worst economy since the great depression the worry is inflation, not deflation. it is solutions that seem to invade administration. next distortion, housing normally housing is hostage to the fed but the fed raises short rates and somehow mortgage rates don't go up as much as you expect mortgage rates are supposed to go up with a long rate and then the projections are they will go higher but then what happened is bond buyers came in and picked up ten-year paper of what i regard as absurdly low levels because they're betting on a recession. that pushes mortgage rates back down and housing demand made a huge comeback as this happened in a totally wacky january while the fed is tightening like mad that's not supposed to discrepancy, discrepancy how the heck can the fed not keep tightening? if there is demand for 5 million more homes starting with the

families and housing companies can make, the fed has to take interest rates to numerous levels to slow down that the distortion housing is larger than a distortion in autos you just can't gain the price of housing anymore. you can't do it because investors seem unable to stay away from the meager yield from ten-year treasuries. it's irrational. a bunch of delusional self-absorbed have been slaughtered when the ten-years go up and prices go down and will continue to happen if they walked away we'd get an honest price for the where the ten-year would be and that would help combat inflation the fed is stunned that so many bond buyers want this paper. how could they expect that right now, the fed is busy selling hundreds of billions of dollars of this treasury and these buyers don't care. it must be driving the fed nuts the bond buyers same lunatic buyers that don't know what they're doing. next, we have the covid hangover

people hunker down and bought way too much stuff for their home including office setups that brought up the price from furniture to boost to personal compputers so companies ramped u production it turned into a glut in six months why? because we have a pair of incredible vaccines out of nowhere meaning people no longer needed to hunker down. at the same time millions of people decide to retire and go on vacation because life is too short. no tables in history accounted for this movement. the vacations are insanely expensive but nobody seems to complain because life is too short. airline tickets, hotels, no push back we never had anyone embrace the you only live once ethos at the same time. people over the age of 30 thought how long will we have a rational distortion of yolo? if you ask the fed it won't have a clue they don't figure this out they're going to get interest rates right if they can't figure out yolo i could go on and on

when you add up all the distortions they've made, it's insanely hard to predict consumer behavior which is why the fed has little impact. we don't know when distortions will end but there isn't a single thing i mentioned that could have been predicted and almost all of them seem surprisingly immune to the fed's rate hikes given that the balance sheets of most companies are strong and private equity firms seem willing to buy anything hurting, the fed can't cause the bankruptcies you expect after a rapid series of rate hikes the bottom line, nothing is working like it's supported to do and history is a terrible guide because we've never been in this situation before the fed is trying to win the fight against inflation but it feels like the little dutch boy trying to plug distortions and the holes make no sense because this dam should have been busted a long time ago. let's go to richard in oregon,

richard? >> caller: hey, jim, love your show thanks for having me on. >> thank you, richard, thank you. >> caller: you're welcome. quick question on devices to add to my port foll portfolio and wo what you think of ford >> jim farfarley, guaranteed, sd it to me, this quarter will be the quarter he does it, finally puts the numbers together. i'll bank with jim farley as i did with my charitable trust at the annual club meeting and i'll say you can, too jim, your feet are to the fire terry in washington, terry >> caller: hello, jim. >> terry, how are you? >> caller: i have a question and stock opinion. >> okay. >> caller: you always instruct us to do our homework before investing and i'm doing my due diligence in joining the club but want to know past performance specifically how it did in 2022 a down year for the

averages and also, where can i find a list of the stocks in the trust and my stock i'm calling about -- >> you have to go to cnbc -- all of that is at cnbc.com all of what you said is at cnbc.com that's what i'll drive you toward they make indispensable equipment the size of a bus, actually, to be able to make it so you can have great semi conductors at the highest end and i like the stock let's go to folnetti in new york. >> caller: jimbo, boo-yah. >> boo-yah, what's up? >> caller: i appreciate you taking my call shoutout to my older brother for introducing me to your show five years ago and congratulate my baby sister for getting accepted into colombia law school this morning. we appreciate you sharing your wisdom with us. >> congrats. >> caller: i want to know about a stock that's skyrocketed from the 80s to 308 in february of 2021 and came crashing down in

2021 and last year now in the 20s and given the recent steam that those stocks gained throughout the start of the year and possible soft landing through the economy, do you think it's a good time to buy teledoc and hold to the long term >> don't buy teladoc because they're losing a lot of money. take a company like zoom video they're starting to make a lot of money and i like that if you're losing money, that's teladoc and i donl't like it that's straightforward and how i feel nothing in this economy is working like it's supposed to and those discrepkrcrepancies m difficult. should investors spare no investment in valero sent the stock higher after earnings with the ceo and this week end, berkshire math away released the annual shareholder letter i don't think it got enough attention. there is a lot to unpack i regard as being required for a reading invester and tanger is a

great group. what could this year hold? i'm getting the latest from the top brass 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 "mad madmoney@cnbc.com. ♪ to guide you through a changing world. ♪

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i've been willing to endorse because it's an old fashioned spac that raise the pile of money and they're using that money to gradually consolidate the very fragmented bowling industry come on. turns out bowling is a real good business bowlero reported the most recent quarter across the board beat. the stock jumped in response it's up 14% for the year can they keep rolling? let's check in with the founder and ceo to learn more. welcome back -- leo, mr. shannon, welcome back to "mad money. you had to do that he knows i always make up a name when i bowl. you never use your real name because you have to put your funny name i'm beethoven. >> beethoven. >> yes. >> always. >> let's go right to it. >> okay. >> you are a spac that worked. >> well, i think we're the number one despac of 2021.

we're a real company jim we broke through revenue in december we started with a million dollars a year in revenue when i bought the original lanes and now we're a billion. 353 million of ebita we're firing at all cylinders. >> most people are excited about 2 to 3 to 4% comparable sales. what are yours >> 30. >> some say that's preposterous. when you buy a lane, what do you do . >> a full cosmetic refresh fix air conditioning, lighting, parking lots, make it so it's a first class experience from an infa strukrastructure and great asthetic. >> it's a giant inexpensive birthday party we throw when we go to bowlero. you came up with money bowl.

>> a skill based app where you can come in and we give you challenges so the first thing we do is we'll give you $5 to see if you can bowl 100 or more. if you do, you get to pick from a series of three challenges and our algorithm knows how well yo bowled proprietariy and will give you challenges bowl three strikes a game or break 120, whatever it is. the whole point of all this is to get you to bowl the third game our average bowels bowls 2.2 games -- >> i know. i know they always want to leave or too drunk. that's my friends. i always say you got to bowl three because the first one is a warmup. >> that's right. if we get you to go from two to three, probably we can get a 25% increase in revenue, which would be a 50% increase in ebita it's a hauge incentive to get yu to stay and we'll pay you to do it. >> you also own the professional bowling association for those

watching on tv, you can see they have like -- not unlike when you go to formula 1. everyone is wearing stuff they're making money you share that with the actual bowels >> we do yeah, absolutely there is a lot of enthusiasm we do $100 million a year in league business. we're big proponents of sport bowling and really tried to reinvigorate that aspect of the business. >> one i know, my whole team knows the big event in cherry hill. >> yes. >> huge, huge group of lanes what will happen when you get in there? what's the first thing you do? >> well, i mean, it's a great center i'm really excited we just closed on that it needs a cosmetic refresh. it's pretty boring we're just going to revamp it. >> the lights -- >> the lights. well, the lights, the whole esthetic lights, video. >> the playbook? new ones >> six leases signed, we're

under construction, we'll have a hand full open this year we acquired eight bowling centers in the last quarter and big event already this quarter so between buying and building, i'm shooting for 20 to 30 new centers this year. >> is the country under bowled >> well, it is, yeah so back in the peak in the 70s there were 12,000 bowling centers. >> wow. >> and the population is half what it is now so now there are 4,000 bowling centers and double the population so there is one-sixth as many bowling alleys per person as there were in the 70s. >> now, when i tried to buy a bowling alley, i saw there was tremendous money to be made in a revamp i also realized that if you could have, say, waitresses, if you could have a center console drinking you could crush it. you do all these -- it is crushing, right? >> we do it all, yeah. i mean, it's really a very high end experience

i think what people don't understand is our average customer is probably going to vail in the winters. right? it's not what you think. it's a six-figure household income all day long and we have bowling centers we built in the suburbs doing $10 million. that's unheard of in the bowling business. >> the stock is up and it's at the high i saw you sold a lot of stock. >> me, personally? >> yeah. >> i sold about less than 3% of my holdings. >> that's all it is, good. i'm telling people this thing could go much higher and i don't have any conviction about any other spac and not just you have an amazing board but support tif a well. >> you were right from the start and we appreciate that. >> those of us that try to be in the business know this is a fabulous business and you have really figured out how to do it. thank you tom shannon, founder and ceo sold 3% and he's got plenty behind that of which i hope he doesn't sell because i

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♪ this feels so right... ♪ adt systems now feature google products like the nest cam with floodlight, with intelligent alerts when a person or familiar face is detected. sam. sophie's not here tonight. so you have a home with no worries. brought to you by adt. over the weekend, warren buffet released the annual shareholder letter something very much awaited on sand reading. not just money managers. the letter with full humility, optimism wisdom about the market and the individual companies that burke shire invested in it gave us a nice boost today like last week so before we go back to the daily grind to figure out where

the average is headed next, i want to give you highlights there is so much to learn from here last year while the s&p 500 had a negative return, burke shire math away stock was up 4% going back to 1965 buffet is giving you a compounded annual gain of 19.8% slightly more than twice what you've got by owning the s&p 500 over the same period there is a reason he has such an incredible reputation and a reason why i've been recommending the stock the annual letter begins with how berkshire works. they make investments in publicly traded stocks as buffet sees it, whether bershire buys it, they're doing the same thing making bets on the long term process of the underlying business. he and his partner charlie, quote, i love this are not stock

pickers, they are business pickers. end quote. if you're managing your po portfolio, u wow. listen to this, our extensive collection of business consists with a few enterprises and truly extraordinary economics and a large group that are marginal. marginal you never hear a hedge fund manager talk about a back like that marginal in fact, he goes on quote, in 58 years of berkshire management, most of the allocations have been no better than so, so end quote. he made it out of bad investments thanks purely to good luck. this say guy widely hailed as the best investor on earth and buffet says tremendous results come from a dozen or so good

decisions. every five years he makes good decisions that offsets everything else. guys, you don't hear this from anyone this is incredible on top of that buffet says sometimes forgotten advantages of long term investing coca-cola and american express berkshire built large positions in the late '80s and early '90s and didn't touch them. 1.3 billion. since then both companies have raised dividends to the point berkshire got 7 million from coca-cola last year and 302 million from american express. over a billion in dividends that cost 1.3 billion a piece, roughly 30 years ago that's the dividends at the same time, burke shire's coca-cola position is worth $25 billion at the end of last year and ax nnexed position worth 32 billion. weknew them. we knew them back then they were iconic long before

buffet bought them hand over fist next, buffet gives you a quick review of the operating performance with the discussion of the recent insurance acre si aqua session calleded allegheny and buybacks for companies like apple, american express. buffet makes a fiery defense of buybacks as long as they're done at the right price he writes quote when you are told that only purchases are harmful to shareholders to the country or beneficial to ceos, you are listening to an economic illiterate or silver tone demi god. who is he implying here? is he talking about senator warren talking about president biden? he doesn't tell us but it's worth thinking about. then we get a typical dose of buffet's optimism about america. the great american tailwind. it's mentioned over and over again. he never bets against america.

it's worked out good for shareholders and buffet is right putting aside the day to day headlines, the great place to do business, i always like to say none better. finally before concluding with some remarks about tax policy and long term -- long time partner charlie monger and the annual shareholder meeting, which i've not been to, buffet gave you a quick update. at the end of last year, it was the largest owner of american express, bank of america, chevron, coca-cola, moody's, oxy and paramount global and a couple companies, burlington, northern they would be members of the s&p 500. buffet says this constellation of holdings leaves berkshire more aligned than the case of any u.s. company i say yes to that. it's hard to disagree. we could knit pick some of the

individual holdings. paramount seems like a second share company. moody for three years continuing to struggle given the debt is mooted i wish he bought the company that rang the opening bell this morning, s&p global. not a great time in the industry but s&p global did a lot right you know what? paramount pays 3.4% yield and after buffet explained how much money he's made from dividends for decades, maybe there is more to this one that meets the eyes. for moody's you have to remember buffet is a long-term investor he doesn't care about next year or the next few years. in the wake of the financial crisis people are calling the mistake and the stock rallied from the teens late 2008 to an all-time high north of 400 in late 2021 and he didn't panic out. that's the largest lesson from buffet and berkshire heamath aw. looking future, he says

berkshire will hold a boat load of cash and avoid behavior that could result in uncomfortable cash needs including financial panics and unprecedented insurance losses, end quote. wow. he concludes the discussion with a simple line, at berkshire, there will be no finish line bravo. in all honesty,while you can learn a lot from the playbook, you can't maimic it yourself he bought in the 60s and 70s an after 60 years of this, he's got insanely deep pockets. he can afford to ignore the short term he's got license but if you're a regular person with regular expenses you can't afford to be that patient. here is the bottom line, as always, the berkshire htmath aw annual letter e , spend 15 minus

reading it it will take no longer than that paul in minnesota, paul? >> caller: jim, i'm a long-time viewer and club member and very thankful for the wealth and knowledge you and your team -- >> thank you the club, we had a rocking meeting this weekend i think everyone should join the club if you're watching the show, join the club. >> caller: mattel. i i have intel. intel cut dividend in an effort to right the ship and while the stock is cheaper from a p.e. perspective, is it worth holding on to at this point or take the loss and move the money into nvidia since they appear strong in the position -- >> i want you to take the money, paul and split it between the two. and the reason i say that is all you got to do is go read the incredible nvidia conference call, read the part about intel. and you will understand why i feel this way. let's go to lynette in new mexico, lynette? >> caller: hi, jim, yes, this is lynette. i'm an older, long-term invester

and i really enjoy the information you give us. awhile back you liked tractor supply it's doing nicely. do you still like them and should i buy -- >> i like tractor supply very much how long the ceo was the number two at may secy's and incredibl there. i bought a boat load of stuff because i'm going on a fishing trip that's what i need tractor supply has it. do yourself a favor and spend 15 minutes reading the annual letter it is worth it now, much more "mad money" ahead including my exclusive with tanger factory outlets could a discount retail real estate investment trust hold up against a questionable economic bac backdrop i'm getting the latest from the ceo and this weekend we held the first investing club annual meeting in new york. i had the opportunity to hear from you on what you're watching i'm sharing what i learned all your calls, of course, rapid fire in tonight's edition of the lightning round is stay with

cramer.

this is a horrendous time for retail for the last month. between wide spread inventory gluts and worries about a fed mandated recession, most of the group struggled and that w weakness flowed through to the landlord but not all retail plays are created equal and in an environment like this one, the most favored are the trade down names. take tanger factory outlet center this runs dozens of outlet centers where you can find out sorts of off price merchandise they are name brand retailers but have the same stuff.

when you hear about inventory gluts, tanger is often the final destination for markdown merchandise that couldn't be sold at higher prices elsewhere. there is a reason the stock was down 7% last year while the most retail was down double digits including hiring shopping center plays down more than 25% when tanger reported last tuesday they delivered a strong quarter, a nice bottom line beat 97% occupancy rate, same center net operating noi up 5.1% and even better the full year forecast is encouraging which is why the stock jumped more than 4% the next day. so much for sleepily can this keep climbing let's check in with the president and ceo of tanger to get a beater read on the quarter and what comes next. welcome back to "mad money." >> thanks for having me. >> this is truly inspiring i wonder whether as we see a lot of markdowns and people having to clear out inventory, target had to clear out inventory for example, we won't see better

times beginning, you probably already seen it in january. >> that's true a lot of mark down this quarter compared to '21. not a lot of markdowns in '21. we see the customers coming back looking for value and post christmas, they're coming back and coming back even faster. so january has been great and that's bled through into february, as well. >> wow okay that's very important. so many people are worried about retail what i found is most interesting is what will be the case for a tennessee store in september there is something to do when it rains, i go to my tanger factory outlet because it's an experience did you create the idea of experience or happened to become that >> it's evolved. covid had a lot to do with it. if you think about the old outlet narrative of power shopping, putting on your track suit and pumas going from store to store and spending an hour, hour and a half in the shopping

center they are looking for a place to eat. looking for a place to be entertained. looking for a place to gather. so what we've evolved tanger of today into is leaning a little more heavily into the experience and creating better amen itiame, better food and beverage offerings and better experiences for the customer when they get there. >> what will this new tennessee store look like? from the sound of the nashville development, 150 million, 200,000 square foot development. >> we're building a big shopping center er in the south part of nashville. nashville is a great food seen great music scene but now it's an emerging tech scene, too. so we're shopping centers you rely heavily on the tourism and that's a very important part of the business but the permanent population is growing fast we'll have places to shop every day so we're responding with better food and beverage and elevating the experience.

>> talk to me about approximately 10% of your growth area is from what you would describe as short term or popup stores. >> that's right. >> that isn't just hall woweenhn stores trying to get rid of inventory. who does pop up? >> there say mix let talk about direct to consumer brands. they're feeding the popup space now. director consumer brands and did the full brick and mortar instillation and saying we have compress inventory let's try closing it out they can do so in a big box closeout store but can't control your pricing you can't control your product you can't control your positioning. all these brands want to maintain their brand identity and there is a good way of die luting the brands in a larger scale. >> tanger outlet has been public. >> we do a good job marketing. i want to make you part of the tanger club. >> i want to be. >> we'll send you-all these --

yo we're not going send emails you don't want to open. >> for instance, i have a williams-sonoma that i love and what is incredible, i'm getting the same thing i bought an express sewo maker the only thing wrong the bottom right corner of the box was bend and saved me $500. is that what i should look for >> you'll see a mix of all things in the outlet centers first of all, you're going to have a clearance excess inventory. you also have this aspirational customer that is shopping in an outlet septcenter now and a lot brands want to reach the customer, get them to buy their products, get to trade them up into the ecosystem. >> so you already started there? let me ask you one last question, what i used to go to these malls -- shopping centers, i found it was really the lowest of low end

now i see exactly the stores i would like in a high-end mall, the highest of the high. they're at tanger. they're not worried about being at tanger? >> i think there is always going to be a market for their customers. they might have price resistance this is a great entry for them an opportunity for them to come shop a store it's aspirational. we can trade up the customer maybe that customer is used to buying one price point but in an outlet center they may try another price point. great for the retailers, too. >> i urge people to look at this it's been one of my favorites. retail changed and tanger factory outlets become important. president and ceo of tanger factory outlet skt that we've liked since 2008 stay with cramer coming up, cramer takes your

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it is time, time for the lielgt lightning round, buy, buy, buy, sell, sell, sell, play the sound and then the lightning round is over time for the lightening round. start with craig in new york, craig? >> thank you for the respect and gratitude. >> absolutely, sir

i like the stock very much they should come on the show that's how much i like them. they're a leader in many things including a.i. let's go to randy in pennsylvania randy? >> caller: yeah, hey, jimmy, long time listener and first time caller. >> thank you for calling >> caller: i want your opinion on boeing company -- >> i think boeing will come down a little because of the last thing that was announced but i like boeing. i think that this is their time if they don't screw it up. let's go to gina in florida, gina. >> caller: hi, mr. cramer, how are you? >> good, gina, how are you >> caller: i'm a club member, i want to know more about biogen. >> there is a key person from the fda, left the fda and involved with getting approval from alzheimer's the plays went down except for biogen

i think they are in the cat seat i don't think i'd ever say that. rich in new york, rich >> caller: hi, jim. >> hi, rich. >> caller: with the ceo leaving and the stock getting a nice bump, what should we do with union pacific? >> i think you should acrecept e fact the stock like disney will lose a lot maybe as much as ten points and then pounce why do i say that? union to sif pacific needs prec railroading and the stock is a great play i like canadian pacific north. let's go to carlos in new york, carlos >> caller: hey, jim, how is it doing? >> not bad at all. how about you? >> caller: doing great i would like to know -- >> good! >> caller: meta -- >> meta goes higher. i think mark zuckerberg is the most determined to make money for any ceo in the world

he's cutting back expenses he's going to cut back not just operational but capital expenses and he's doing everything he can to right size the table of employment now we go to brian in pennsylvania, brian? >> caller: boo-yah, jim. thanks for taking my call. >> of course >> caller: jim, nokia just rolled out a new corporate logo. the signal they got new business strategies i'm 62 years old will nokia's new business strategies raise the stock $10 million in my lifetime >> i hope you live to 100. they are falling behind everybody else and i don't want you near the stock of nokia. i think it could -- i just think it's just not good enough for you. let's go to tyler in california, tyler? >> caller: hey, tyler from california how are you doing, jim >> doing well. how about you? >> caller: doing good. i want to redeem myself.

i did research and what do you think of ticker vmt. >> i don't know it i don't -- i don't know vmt. i don't know that one. let's go to jay in california, jay? >> caller: yes. >> yes. >> caller: oh, hi, jim, thanks for taking my call, jim. there is a stock out there that i did some research called end phase. end phase after five years, get this, jim, it's up 8,932.6% after five -- >> end phase is a winner. >> caller: so the numbers and graphs show statistically end phase has been the best stock of any stock for the last five years including tesla, including nvidia -- >> yes, yes, yes. >> caller: on a five-year graph. >> absolutely. i think it's a buy the stock is fallen horribly from when they reported a

magnificent quarter and i agree with you and i think it should be bought and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by t.d. ameritrade coming up, cramer recaps a special weekend at the inaugural cnbc investing club annual meeting. investors assemble next

[office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo.

i had the privilege on saturday to spend the whole day with cnbc investing club members, jeff marks and i had the first annual meeting and people learned a ton about us including the interview with carl which was incredible about me we also learned a ton about our members, though. the whole thing is on tape i highly recommend watching it and not just because i love the attention. it's got some very humbling comments and notes about how hard we work to help you to be

empowered, help individual investors and i feel strongly at the investing club is of great value as a companion of what i do here. we let everyone that wanted to take pictures with me and jeff marks do it. why not? in nose those moments i got a s of what people are interested in we did a morning meeting and home stretch, two terrific conference calls and i like to infuse them with what club members are about so it's always worth finding out, mining that intelligence first, everyone seemed hungry for anything related to chat gbt. that was the easy. nvidia enables the programs to have accelerated computing and powers the rural network learning behind this stuff i mentioned last week in the most heavily retweeted offering i made, the story is laid out in the quarterly conference call where the ceo compares it to th

rise of the personal commuter, internet or smart phone app store. breakthroughs that changed everything in our lives. jensen was a lonely voice calling for technology for a long time that didn't get much love until chat gpt made it pop l -- popular. that could be the breakout moment that turns artificial intelligence into an $11 billion opportunity for nvidia that's my number people want to be in that stock and i don't blame them there are skeptics about fang. alphabet, we own meta for the trust. i think amazon is way too hated. where else can you order fishing pants at 5:00 p.m. yesterday and have them arrive at 6:00 a.m. today. the stock will go higher firing tens of thousands of people but seem to forget the service makes them worth owning for the long haul, the service. nobody wants alphabet now because it has way too many enemies with microsoft, apple,

you name it. if the stock wasn't so cheap, we'd throw in the towel right now for the trust. my order has certainly cooled as explained to people on saturday and the fang names have large numbers, same for apple unfortunately. there are similar sense surrounding salesforce where i know some of the large activist hedge funds are not appeased by the recent board changes marc benioff made or the firings. give ceo benioff a little doubt for the wealth and let him work his magic. i know the patience is worn thin among the audience my ultimate take away is there are plenty of people that want to make fortunes in individual stocks or have already done so even though people tell them that they can. so many financial experts will tell you it's impossible to make money in individual stocks they want your money and funds and don't feel compelled to tell you what you're doing wrong. these investors despise that attitude they bride off the notion they can't manage their own money

when they're been doing it successfully for years that's not eye opening that is core to what we do at the club however, it's always nice to have hundreds of people tell you to keep doing it because it's working for them and that's exactly what i'm going to continue to do i like to say there is always a bull market somewhere and i promise to find it here on "mad money. i'm jim cramer see ya tomorrow. most successful consumer products joins the tank. robert knows technology to build stuff. i know how to build brands. together, it's a dynamic duo. always be closing! i love that! -did you see that? -wow! -that's cool. -this is the solution. kyle, that is the winner! barbara's right. your packaging's horrible! i know that. what do you want, mark? what do you want? got to be kidding me. ♪♪ narrator: first into the tank is a redesign