continued f-v demand, a good play. >> karen >> i didn't think lowe's was that bad down a lot wait two more days and buy some. >> dan >> lilly is getting close and happy birthday to my dad. >> happy birthday. >> nice, nathan. thanks for watching "fast money. see you back here 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 is not just to entertain but educate and teach you about stocks so-call me at 800-743-cnbc or tweet m me @jimcramer. every morning so many people

come into the market with the same attitude, maybe today is the day interest rates go down and the rate goes higher it didn't pay off with treasury yields marching higher, the dow edged up five and s&p lost 4.7% and the nasdaq shed 6.6% these buyers can't resist because they can't believe the benchmark ten-year treasury has a 4% yield i get it the ten-year was 1.7% a year ago and couldn't run so much so fast and 2.5% in late march and hit 3% a month later as it became clear the fed would get increasingly aggressive in the fight against inflation by mid september, talking about 3.5% and peaked in february -- sorry, october 4.33 4.33 keep that number in mind at that point we saw signs that the fed was beating inflation and the economy was calming down higher er mortgage rates.

christmas was so so. we heard of tech layoffs bed bath and beyond, yeah. we were wrong, very wrong. everyone was wrong january turned out to be one of the frontest months in years there wasn't a rush to buy goods but the gods of travel visited every family ai airbnb, numbers are surreal. listen to jeffrey, the ceo of w wynn, the middle class customers continue to spend more on travel than they ever have. and they're staying longer than they were back in 2019 end quote or how about brian, ceo at a ai airbnb, they demand it remain strong booking increase 20% we had the highest number of active bookers ever in q 4 and

he says that despite involving uncertainties and said it's abundantly clear the consumer loves to travel right now. mark the ceo of hyatt told us his company is enjoying a revenue per room recovery that's quote unlike anything we've previously experienced end quote. very often about the first quarter given they saw in january. it's inexplicable this is happening unless you think life is too short and you have to see the world now that covid is running its course we talked about so many distos and discrepancies, we're at a weird place history isn't a guide to the economy one of the discrepancies, you think the credit balances get drawn down no, not this time. they seem to have gone nuts in january. they are spending like crazy, just not at most retailers now, i think that's why lowes joined home depot putting up good numbers and fretted about the state of the consumer going

forward because february may not have been that good hence today's ugliness target seemed fairly confident, wal walmart, too it didn't matter kohl's colored it negative everything got crushed the reason february is shaping up to be a tougher month than january, you can only spend so much money so fast with your credit card but retailers may not want to acknowledge it, prices at the supermarket have been unleashed and nobody knows how to get them back down again and that leaves consumers with less discretionary income. it's about inflation, the inflation that allowed food purveyors to put up magnificent numbers and green giant, cream of wheat among many others as the ceo said last night, quote, the primary challenge we face at the onset of the year, inflation, inflation, and inflation continue to plague us end quote. that's horrible for the consumer but great for bng because they are the ones raising prices and why the stock ran 28% today.

cnbc put up a great graphic showing this morning showing cereal bakeries up 60% and dairy plus 14. 8%, fruits and vegetables 7% we can't sustain this. so you have to ask, why did dow finish up? there is real value being created with the linking with the bond market. they believe we don't -- we won't take out the peak of rates from last fall they're beating they will see wheat as we get more february numbers. could the buyers be right or whistling past the bear market graveyard? yesterday i would have say they are foolish optimist and whethe they reported good numbers or mixed ones like lowes what is behind that sales

collapse simple lowes said we're starting to hear something offline for the major retailers. the consumer ran out in february done, not spending people still spending fortunes on travel. travel looking good. i'm wondering if things will taper off sooner than we think a sensation in travel a big falloff from january means the fed doesn't need to tighten which in turn to keep treasury yields from mikinge making hight that we are hearing about the trade down people aren't trading down to retailers that are cheaper we need to hear about the curtail we're not getting and the hunger we're not getting it we need to hear more ceos like dutch bros tell us while it was really difficult to hire baristas months ago, now there is thousands of resumes coming in the problem for the moment, the weakness is anecdotal and rents coming down and find a hand full of markets housing markets went soft in

january because of higher mortgage rates but yesterday a big home builder said january was very strong. a real comeback. in fact, they said this was a positive continuing to february. the ceo told us quote, certainly bodes well for a strong spring selling season end quote that's not what you want to hear if you're worried about the fed's fight against inflation. i've been adamant we won't see a true topout in interest rates until food, wages and housing stop going higher. the foods told us food inflation is still raging and it's far from finished. they are saying there will be a strong spring selling and maybe we'll see a break and what is happening with dutch bros continues to be the number right now, we're negative 3 for 3. i'll change my tune if we get more data. so far only from the retailers that's not enough. they can't all be like salesforce that exploded higher. we'll speak with the ceo marc

benioff later in the show. bottom line, those who think rates are peaking now seem bullish to me. let them get slaughtered in the bonds and the market can have a rip storm rally. first, we need more soft economic data or the bonds or what is left of them need to get wiped out right now. robert in new york, robert >> caller: jimmy, boo-yah. how are you doing? >> boo-yah back at you what's going on? >> caller: good, good, what do you think of domino's pizza in the future >> i think they're struggling. i think they will continue to struggle until they get thei costs under control and more drivers, that's a real problem for them let's go to stan in california, stan >> caller: hats off to justin, used to hang with his son on the west side while he had a tape reader on the dining room table. >> i loved him justin is great. how can i help, man?

he's missed. >> caller: with starbucks, the traffic returned to the u.s. stores the pacndemic in china impact i not taked in and dampened the stock from a high of 108 with expectations for a recovery in china coupled with a door busting summer for u.s. stores is starbucks a bargain buy here, a 101 buy? >> my charitable trust owns it we write about that of course, if you belong to the cnbc investor's club, i feel strongly and this is not the coffee in the oil, the oil in the coffee, whatever i think it's fine. what matters to me is china is coming back with a vengeance and you'll do well in the stock. those who think rates are peaking seem bullish by the way, we have marc benioff. take two fell after earnings, should they take a second look at the stock i'm talking to the ceo salesforce reported after the bell was the quarter as good as activists we're looking for? let's find out from the man and the medical device space is a tough corner of the market as we

emerge from the pandemic so is there room for a fabulous growth story? you don't want to miss my exclusive so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet crimer #madtweets send jim an email to madmoney@cnbc.com or call us at 800-743-cnbc miss something head to madmoney.cnbc.com.

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what do we need to see before the video game space with make a come back

consider take two active, tto. the massive 2 k basketball franchise. nearly a month ago take two reported a discouraging quarter clear top and bottom line miss with down beat guidance and the ceo owned that the stock rally 7% and given up some of those gains since then, its out performing the brotder ma -- broader market year to date. when the stock rallies on that quarter, the stock news is baked into the share price earlier today we got a chance to speak to the straight shooting chairman and ceo of take two interactive and i want you to take a look. welcome back to "mad money." >> nice to be here good to see you, jim. >> we have a full month since the quarter. i have to tell you, i get dejected about the quarter you know why you sounded dejective. is there reason to be

optimistic >> i wasn't dejected we have never done that before generally the news is better than expected, not worse and i take personal responsibility for that i think there was an element of seriousness because it is a serious matter but i remain every bit as optimistic as i ever have been. >> that's important. >> about the industry -- >> i wanted to hear that sometimes i listen and i say all right, well maybe when jeffreys comes out, it's a franchise picks and says the quarter becoming normal. i don't want to hear that if i'm a shareholder. this is now the new normal. >> no, i don't believe it's the new normal at all. we call it as we see it. we always take responsibility for the situation we're in and the future is indeed very bright. >> well, barrett says a hit driven business is susceptible to volatile performance. somewhat true but you have hits that are perennials. >> i think one of the points that we made is we're blessed with all these hits. so the titles we put out in recent memories have all been hits, critically the scores have been high.

the disappointment is that the market is under some pressure and we've seen that not just at our company but at our competitor's companies, as well. i think we performed better in most instances so it titles that are hit titles will perform in the fullness of time but near term, there was pressure on the numbers. >> at the same time you announced a very aggressive cost cutting program that involves i would think layoffs and that is something -- that's a way to make the bottom line but not the top line how do we feel about that? >> we have a three-part strategy try to be the most creative, innovative and efficient company in the entertainment industry. i think we're ticking the box on creativity we're an innovative company. i think after ten years of upward sloping curves to the right, it was time to take stock. we've over achieved the cynergies we expected to obtain with the merger with zinga and wanted to take a good, solid

look at the cost of the entire take two enterprise. we don't expect mass layoffs that's not part of the problem we're able to tune up efficiency we've gone through a bottoms up rebudgeting and i feel good. i think we'll exceed our cost production targets and come out of this leaner and more energetic than ever before. >> when can i relate the nba to nbc, your product, into leagues of nba because i think this could be a breakout every year i think that. it's been good could it be great? could it blow up >> well, look, our nba title really is great. it's the number one sports title in north america title this year was the highest rated title we've had. it's an extraordinary title that is sold in over 8 million units. current consumer spending is up. my team is up 50% year over year i don't think we could be happier. that said, there is a lot of room for growth. the number one title worldwide remains fifa. >> right. >> soon to be renamed. so there is plenty of

opportunity for growth and the nba is focused on international markets, which i think will drive a lot of growth. we're very well penetrated domestically. >> it is clear zinga was good. people that doubted zinga were wrong. it's good. >> it's highly creative to our business is that what you're supposed to do >> listen, i'm trying to figure out the equation that gets me to 128, not 108 now, you don't have to do that you just put out the quality content and things will occur but i'm looking at the pieces and saying right now, i don't know if they have the horses until he reports another quarter to be sure that this thing can take off again. >> well, it's always been our view that the market is always right at any given time. we show up we do our very best work and we tell it the way it is. i'm really ptimistic we have more than 80 titles coming and have a lean, mean, energized team 50% of our business is mobile and the fastest segment of the interactive entertainment

business that's the fastest growing segment in the entertainment business we're seeing reflected, a reflection of the mixed recession i believe we're in. >> i know. i know especially for certain products. if i'm marriott and you're hyatt, you're saying i can't believe how great it is. >> or live events businesses. >> i think that the numbers from live nation are out of control. >> yeah. >> let me ask you one last thing. you actually -- you're skeptical of hype and said that. you gave the high sign to a.i. >> i did and i do. >> why >> because i think it's a great tool not to give the high sign to a.i. would be like saying hand calculators 25 years ago were not going to be a good thing to say as people did 25 years ago, oh my god, nobody will have to learn math turned out to be wrong. the expression of a.i. in chat gbt and others will be a

terrific tool to increase efficiency but won't substitute for human creativity. >> true. when i'm at nvidia, i think of you. when you see things more than life like and actually are you yourself, it would turn it into things that blow us away with more rate s and power. is it possible to do an entire refresh of what jensen and nvidia is doing? >> not just nvidia there is plenty of companies doing great work yes, we're still in a sort of technical deficit, which is to say there is great opportunity ahead. >> right. >> we haven't reached a technical part in the business as i would argue for example the movie business has that's at least ten years away we'll be able to do live action in a computer. doesn't mean everything will look that way. mobile isn't going to look that way. it shouldn't will we have that ability thanks to nvidia and other companies? we will. >> okay. one last question, i think that's fabulous and that's the way to look at take two. but what if i'm an animal list

a -- analyst and saying he guided down, and missed the numbers, do i ignore that. >> show up every day, deliver results, the rest will take care of itself. >> i'm a believer. the ceo of take two active "mad money" will be back. >> announcer: profits down, pressure up. marc benioff joins cramer, next.

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what are the activists going to say now i saw the numbers salesforce created. cloud kingpin has been besieged which is why i took time last night to defend the leadership of ceo marc benioff. i'd love to say i hope so.

a terrific top and bottom. $10 billion to the buy back, something the activist have been calling for. there is $16 billion and the stock is screaming higher in after hours trading and defending the activists. let's take a closer look with the co-pofounder, chair and sales salesforce. >> great to see you. >> good. >> i understand how you can have and buy back is incredible. >> the profitability frame work

that we laid out but jim, we have hit the hyper space button and decided it's time to go. we weren't going to wait two years to fiscal year '26 to deliver profitability acceleration we were going to do that right now and that is what is happening. >> explain to people, people are looking for -- they're hoping for say 30% margin you hit it give or take these were numbers that everyone -- all of the six people were like whatever. they're saying can't do it he can't do it he won't take the medicine he won't do it you took the bought back more s. it is rather amazing the things they told me you couldn't do you're doing. >> jim, this is now one of the largest software companies in the world. one of the most profitable one of the highest cash flows, one of the greatest market s shares in one of the most important markets of the world crm.

salesforce has done it all you can really see here, jim, at the tiptop of the quarter 29.2% margins in q 4 that's really becoming our north star we can see that 30% margin target that we've all been talking about or really heading in that direction and that's a very exciting moment but also so is revenue in the quarter and you can see we've delivered more than $31.4 billion in revenue for the year you know there is only a few other software companies that have ever had such an incredible revenue acceleration and jim, that's not all we delivered amazing cash flow more than $7 billion in cash flow for the year and you're right, we're doing an incredible buy back we accelerate our buy back from 10 billion to $20 billion and we've already bought $4 billion and this is because we're a huge cash machine we're going to continue to do what's right for our shareholders -- >> there is an article in the "wall street journal", it's good until it gets bad. the truth is you're a business person okay you've always been a business

person the people that work for salesforce that get a job anywhere else is the best place to work. we know this how many people have you actually had to lay off? i know you made an announcement that indicates to me you're pr pretty much done with layoffs. >> jim, we've -- we are, you know, we are really looking at not just the short term restructuring but long term restructuring of the company, we're looking at profitability but also productivity and performance. we're looking at prioritization of our products and improving shareholder relations. this has been our strategy that's how you see us delivering these amazing numbers but as i mentioned, jim, we're not done our profitability is our highest priority that's a key part of it. we've even hired bame to come in here and tell us the opportunities to go farther? i'm very excited about what is possible ahead in the future. >> why did you need bayne when you have an outfit like elliott

partners that's willing to sit down and tell you what they think and they want more board members, which seems odd given the numbers you gave them. >> well, jim, you want bayne in here because they're the world's leading company in helping organizations at scale in size like we are and really taking their margins to the next level and you can see that's what we are doing. we're accelerating our margins we've also, you can see, accelerated revenue and cash flow, all of these things are in this quarter's results and they're the leader in helping us to achieve that. >> these hedge funds move the goalpost will they say okay, that's great. you did everything we wanted we got a new slew of things and want matthew mcconaughey placed on the cross right now. >> we're a big company i'll tell you matthew mcconaughey is an amazing person and done incredible work for us. you've seen the spots. they're award winning and transformed our brand and given us a level of awareness certainly in the consumer market that we never had and we're

lucky to have a spokesperson like matthew mcelcconaughey most companies would love to have him. >> no more organic growth. all they do is tack on growth. it seems like boston scientific and ford may be examples of organic growth. >> jim, we have an amazing product. you see for the first time at dream force. we're entering the age of a.i. and as we enter the age of a.i., it means that every single one of our customers is going to need our data cloud. data cloud is a product that sits inside your enterprise and works with the sales cloud or service cloud or marketing cloud, our commerce cloud. all of our core products and then what it can do is help to connect not only our key products like with ford. it's already connected to the data cloud and then, i know because i'm an owner, i receive text and emails directly from our data cloud as i hit different kind of thresholds with the product performance so it is a customer engagement

layer. it's an intelligent realtime automated system that sits within our clouds to help take advantage of artificial intelligence so you have the best connectiviity with your partners it's a key part of the organic growth strategy and one of the fastest growing quarters. >> i sit back and say what was marc doing did it take six activists to get this accomplished? because these had -- the profitability had not been the major focus. it had mtn't been, growth it seems like profitable growth. did it take the feet to the fire of people that may not even know say technology as well as you? just guessing? >> jim, it's always been our plan and like i said, at dream force we laid out our profitability frame work but look, in regards to the activists, jim, let me tell you this we can learn from everybody. >> right. >> we do learn from everybody. i love learning from everybody and as i've met all of them,

it's been an amazing journey for me one of the men i love is mason at value act i have to tell you i have a huge appreciation for him. we've worked with him now over the last year. he was at dream force and came with his founder who is amazing long-time friend of mine and you know, they laid out a strategy for us that was incredible on distribution, on pricing, things that we could not have really understood maybe because mason was on the board of microsoft. >> right. >> so he's able to bring all that kind of expertise to us now. i was so impressed with mason and value act and jeff, too, that i put mason on the board. so salesforce has a great new board member, mason, i wouldn't be more excited about him and we also are adding marvin, the cfo of mastercard, amazing financial expertise and you know arnold very well. incredible executive the ceo of carnival three amazing new board members.

jim, that's five new board members in the last 16 months. >> there are people that may not be appeased. they may say we want more tech people we're not happy with the numbers or we think the numbers are temporary. what do you say to the people that assist board members? robin was there. >> i know these people they're fantastic. >> ebay. >> our board members, we have the best tech experience -- mason did i mention from microsoft? >> yeah, yeah, okay. okay. >> tech expertise on our board. >> why did these people decide that you, your stock was at eight with an unbelievable performance. why did they decide that you were the cash cow they were going to go after? why do you think they're done?

>> jim, i can't speak for them it certainly wasn't a typical moment you can speak to that. you follow the company. >> of course. >> since 2008 when i was on your show and -- >> and you weren't afraid to come on. >> i can't remember exactly -- what's that? >> it was at 8 bucks and you weren't afraid to come on. you told me why i was wrong. you were right i ate crow on tv because you were right i want to know, are you thinking about leaving this firm? are you thinking about leaving this company >> yeah. >> you are >> jim, i love this company and i've never been more exciting about the future of salesforce we're moving into this a.i. world and it's going to be more important to have technology and interface with your customers than ever before and salesforce is the number one company in the world. we'll be the. >> you -- glue between every company -- >> do we need a co-ceo and will you commit to working until 2033 >> jim, if you're working in 2033, which is what you told me

i am, too. >> you weren't supposed to tell that i do intend -- you weren't supposed to say that that's all right one last question. are you still having fun why didn't you say the heck with ya >> jim, i am having fun and you know that because, you know, you're at dream force and i've never been more excited about our customer success we hit record low attrition. i've never been more excited about the innovation in new products coming out to the company. i can't wait to show you the demos of the data clout. i hope we can go look what ford is doing and boston scientific and f 1 and amazing companies hooking in the most impressive a.i. technology to connect with our customers in a whole new way and jim, i am excited that we have created the third largest software company in the world and we're still going. >> with the reexhilaration of growth and operating cash flow, larger buy back than we thought

with true granularity and margins we didn't think you'd hit for several years and if people are still upset with you, marc, maybe they need to join a different ohan >> jim, we can embrace everyone in our hearts. our heart is big enough for everyone this is all about love. >> it's also about the numbers never forget that. marc benioff, founder, chair and ceo of crm great numbers. congratulations. >> business is the greatest platform. >> totally. >> see you soon. >> "mad money" is back after the break. >> announcer: coming up, an intuitive stock to pick? cramer lays us in on this med tech company with surgical precision, next. i think i'm ready for this. heck ya! with e*trade you're ready for anything. marriage. kids. college.

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when will the medical device space get over the post covid hangover we thought they would make a comeback but the group had a very tough time last year. take one of my old favs, the maker of minimally invasive surgical systems for a long time this was one of my favorite stocks but in 2021 soared into the strikeatospheren got obliterated in the peak of 2021, i asked for half of the value from under 370 to 108. since it rebound ted to the 220 2023 has not yet, i emphasize yet, has not been a good year for them the company is growing nicely but not as fast as wall street hoped. the stock is down 50% but this

may be an opportunity. let's check in with gary to see what it takes to get back on track. let's check in with the ceo. welcome back to "mad money." >> jim, pleasure to see you again. happy to be back after a little spell. >> thrilled you're back. i want people to understand why i've always believed in your company quite simply, the four aims of improving the patient access and experience. >> that's right. one of the things that our customers talk about is the quadruple aim and our job is to help them do that. this is a hospital based concept and the quadruple aim is better outcome for patients, better treatment experience for patients, better experience for the care teams that provide the care and lower total cost to treat per patient episode. those are four aims. we're a highly an lit tick company and we want to measure ourselves. we have and used real world evidence to do it and that's the basis for our conversation. >> have the headwinds of 2022 started to diminish? i'm talking about staffing

problems, supply chain problems? they've got to be becoming less headwindish so to speak. >> yeah, it's an interesting question we'll start at the top what's the core demand side? core demand side is patients in seeking good treatments for underlying conditions and we're seeing patients come back into the health care system, some of whom stayed out of diagnostic pipelines in the pandemic and a delivery side. delivery of care that side is two-fold. one is can we supply the supply chain teams have done a fantastic job in a supply chain environment. we're starting to see that get a little easier. >> okay. >> but we have a lot of different products and components so easier doesn't mean it's back to historic ease. >> can you tell us -- look, you're a powerful client anyone in the world will want you as a client. how can someone say to you we don't have what you want >> we've done a great job and i have been really thankful for

our supply chain partners to find the parts we need because we're a critical care company in health care. having said that, it's taken a fair amount of effort and engagement with those players to make sure we retain supply sometimes all the way down to the raw material level but that's what our teams are prepared to do. >> do we have to worry about the financial health of hospitals and if they become a problem >> we can demonstrate using their data, real world evidence from electronic medical records that we are a financiallyfective and profitable way for a hospital to deliver care we've seen inflation in the labor costs and i think we can be part of that solution for them, not a part of the problem. >> okay. how about china? lockdown and starting to see anecdotal evidence things are coming back with a vengeance there. >> yeah, it's -- our history there has been demand is really high for high quality health care that's a market that has a national quota in our kind of environment of surgicalrobots. they're going to limit the

amount of supply that's there but their use of those robots, typically recovers quickly after covid waves so we're encouraged. enthousiast enthusiastic. >> no new refresh. presumably if yo davinchi system, is there a need to upgrade. >> they are getting better every year with new products and software upgrades. we always work on new generations of systems so we're working on those things and we've brought entirely new platforms to the market. a single port platform called sp and soft robotics platform that we talked about last time we were together called ion, both of which are having a nice performance. >> ion is up 200% but is that too small? >> i think we're still in early innings for ion. i think that growth is being driven by its appropriateness for the clinical need, which is investigating distal tumors in the lung and doing biopsies.

that looks great and customer response is fabulous. >> fantastic. >> i think that product has long legs in the existing indication and future indications. >> all right i've got to ask this in every meeting. doctorless surgery could it happen? we've seen so much with accelerated computing. i don't want to go overboard about what it can mean but could we -- could the machines do better than people >> there are certainly subtasks that make sense. i want to talk about it in terms of layers. first layer is can you assess and evaluate big data, high quality big data we made big investments and real process helping hospitals understand their own data. the next one is realtime guidance the last one would be automation it will come in stages expect automation in subtasks like radar adaptive cruise control rather than the whole thing at once. >> thank you very much gary, i have to tell you it sounds like something the headwinds are diminishing.

if you're betting against intuitive, you have done well. the ceo of isrg where the headwinds are diminishing. "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

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♪♪ we all have a purpose in life - a “why.” maybe it's perfecting that special place that you want to keep in the family... ...or passing down the family business... ...or giving back to the places that inspire you. no matter your purpose, at pnc private bank, we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? ♪♪ >> announcer: lightning round is sponsored by t.d. ameritrade ♪ ♪ it is time, it is time for the lightenning round, rapid fie you tell the name of the stock and i say buy, buy, buy or sell, sell, sell, play the sound and then the lightening round is

over are you read dy ski daddy? let's start with tommy in illinois, tommy? >> caller: hey, jim, good evening. >> good evening, tommy. >> caller: i want to ask about -- yeah. i want to know -- i'm trying to stick with cyber ark. >> i like cyber ark very much. my favorite as i've said in one of my charitable trust zones is palo alto. jerry in missouri, jerry >> caller: hey, jim. >> hey, jerry. >> caller: this company reported this evening that's taken a beating. do you think the reaction is over blown in snow flake >> you know what i haven't heard the conference call i owe frank to listen to the conference call. i'll take a pass i know the weakness but it's the real deal. let's go to gary in nevada please, gary >> caller: hello, jim. thank you for taking my call. >> of course

yeah you have a stock, gar? >> caller: what? >> oh, do you have a stock, gary looking for a stock. the lightning round stock? lightning round. go ahead yes, go ahead, gary. go ahead we may have to move on from gary i apologize. let's go to lamar in ohio, lamar. >> caller: jim, how are you doing? >> doing well. how about you, lamar what is happening? >> caller: trying to relax the rest of the day and just to let you know, i've been watching you since "america now" when you were on there with larry ckudlow back in the day. >> 23 years. how can it help? >> caller: cardinal health, buy -- >> i like it it's up there. it finally is. it's doing really well and restructured it's a very good stock to own here i like cardinal. it's best on this little dip

let's go to mark in wisconsin, mark. >> caller: dr. cramer, thank you for taking my call. >> my pleasure >> caller: scott had an outstanding interview with david today. >> he sure did congratulations, scott. >> caller: during the course of the interview they flashed some screens with stocks on it and one caught my eye in the i.t. services ticker symbol is kd name of the company is kendryl. >> the stock made a very good move off the bottom. if they can get practical in the next two years, it's a winner. that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by t.d. ameritrade coming up, white shoe washout? cramer takes a top to bottom

look at where gold man goes from here, next

the other day i was talking to david faber, my stock friend. i asked about goldman sachs. he wanted to know my personal take on goldman's move to embrace banking. make no mistake, that's what they were doing or at least trying to do with their consumer bank named marcus and expansion of it into every other facet including goldman's 2.23 billion dollars acquisition of green sky of loan originations they bought at the top of the fintech craze and world of credit cards. i told them i was floored by the entire effort. the goldman sachs today feels nothing like the goldman sachs i worked at in the 80s

this move is against everything i was taught when i worked there. i cringed at the idea of the consumer banking business but not as much as the name marcus, even as it is named after the founder of goldman i didn't like it from day one because i was taught not to like it by who how about by my goldman elders, real titans of the business. when i worked in security sales, my division in the day, the golg golfs to hunt elephants. we weren't supported to waste our time with anyone that wasn't a millionaire. if i tried to bring in someone with less than a million dollars in assets and told to politely usher them out the door. why did they only want incredibly rich clients? the same reason we rob banks that's where the money is. the former ceo wanted to get goldman off the cyclical roller coaster in under writing business when he decided to pit to the consumer. he figured maybe it could smooth things over and they get enough accounts, they could make real

money. when david came in, he doubled down on the consumer strategy. yesterday, though, he talked to andrew and finally admit there had are real issues with the business he mentioned that goldman tried to do too much too quickly and added the execution of the areas of this wasn't good end quote. i think that completely misses the point. he's got it wrong. it's not really an execution problem. gold man's consumer business should be packaged and sold. >> sell, sell, sell. >> to someone else, maybe someone will buy it so the company can go back to the roots. to me, the consumer division is a huge distraction from elephant hunting. this is a country that created tens, 20, tons of multi millionaires and billionaires. there are amazing companies that came public where the broker could focus onlinie lining up t next generation, not giving people loans to buy refrigerators they may pay back or not with credit cards with a real margin. frankly, frankly, it's insane.

gol goldman's real business was a cash cow, the real business is so good. it's had poor execution simply because the people that run it are no longer in the driver's seat of the overall company. i think it's time to let the wealth management division run the joint. that's the division that wouldn't let me bring in a client who was worth really $900,000 merely there is some good news. goldman is so lucrative, the stock had a total run of 70% since solomon came in. morgan stanley is up 135% during that period because unlike gold m goldman they went all in on wealth management. g goldman needs to get rid of everything and pay a big dividend, which would result in gigantic multiple expansion because you wouldn't pay a big dividend if you don't have confidence some call me a total bow zo for doubting the strategy the 900 people that worked with me in 1984 would agree the firm is

going in allude ludicrous direcn it's not too late to change course when you're running investment bank, elite is part of your business model morgan stanley gets it and until goldman does, too, it will keep lagging behind 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 ya tomorrow. investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ my name is tony devine, and i'm from bristol, pennsylvania. my product is going to revolutionize the way we train for basketball. finish! finish! oh, let's go. use that left hand! i've been a basketball coach my entire life... let's go! and i always felt like there was something missing,