gets rate exposure >> tim. >> oracle, you deserve that, folks. check it out. thanks for joining us today on "fast money." melissa lee you know what happens next, "mad money" with jim cramer starts 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 trying to make you a little money my job is not just to entertain you but to educate and put days like today in context. so call me at 1-800-743-cnbc or tweet yes mt. jimcramer. well, it sure took long enough eight rate hikes from the fed. a couple 25 basis point hikes,

two 50s and four 75s delivering with the speed of a machine gun. yet fed chief jay powell hasn't hit anything until today. today we realized that the speed of the rate hikes is threatening commercial real estate, crypto, and the whole startup economy thanks to the closing of the ipo market that's a real casualty of this fed tightening cycle so what happened to today? what caused the reversal from the usually green board in the morning to a board that's drenched in red with the dow plunging 544 points, s&p plummeting 1.85% and the nasdaq nose diving 2.05%? simple the bank stocks collapsed. all of them. big. small. regional national lending. savings. it didn't matter see, these aren't the battlegrounds where the fed

wanted to fight inflation. remember, that's about wage inflation that they're worried about. but it turns out they're the battlegrounds for the fed suddenly winning how did it unfold? i heard a lot of misinformation but i'm not going to let you git away with that i'll tell you the truth about what happened because i have been through three bank scares in my career i'm going to give you all the information i have now, which is going to be steeped from that knowledge. first, we are beginning to get a slew of furious downgrades in the commercial real estate investment trusts. we're seeing worried notes about s.o. green, furnato, two once giantnow tiny office reits because of the pending collapse of commercial real estate thanks to the persistence of, yeah, work from home it's all about the remote economy again. it doesn't matter that the real problems are only concentrated in a couple of cities. and that's notably new york and san francisco. it doesn't matter that the buildings are old and not of great use to anybody, maybe other than as residential properties the market's woken up and

decided that every bank that has commercial leases, meaning pretty much all of them, will get crushed by those commitments. i do think that this part of the equation is overblown. there's a lot of good buildings out there. but we are indeed watching the train wreck right now of wework play out again can you believe it this time with a difficult debt restructuring that i don't even know what's going to happen. he we don't know how things are going to pan out here but i think this segment will be contained. that was considered wildly bullish. no matter, every bank stock under the sun got obliterated. welcome to day one of the commercial real estate pandemic. of course it's not just the real estate portfolios that might be be at risk for instance, we learned today that svb financial, that's the parent company of silicon valley bank, had to raise $2.25 billion in one day that's a tremendous rate, tremendous fund raise. one day. because it had some very serious portfolio losses it shocked everyone because this is a very good bank.

not suspected of problems. i'm used to these guys they're, i don't know, pretty sturdy i thought. now, these losses weren't real estate-related they're ipo related. svb financial has a long history of being the banker to the future stars, the stars that are about to have initial public offerings in the not too distant future great business normally. but what happens if they can't come public because there's no appetite for ipos? well, hold it. that's exactly what's happening now. suddenly venture capital-backed companies that looked like they were sure bets to come public soon and soar, well, they're now very risky suddenly loans made against those short bets, illiquid, not yet public, common stock, that was the collateral they're even riskier we didn't know how risky until today when this outfit needing more capital -- its reserves we don't know how much but he we know there's now the possibility that the next bill gates or jeff bezos may not be

able to pay back their loans that they made against future stock that was going to come public and be, i don't know, red hot. and the collateral will end up being maybe much less than the companies they work for if they can't come public. think about it if you can't come public and every day you need more money and you've borrowed money against that common stock that you hoped would come public one day, you're in a real jam, aren't you what happens if you you need more money well, this is what happens we also learned that svb's financials, their own investments in the balance sheet, namely the billions of dollars from treasuries out three years that they have are way underwater now the fed raised them that quickly. as the banks scrambled to sell more than $20 billion of those securities it locked in a loss of roughly $1.8 billion because they need capital now. they have to sell those treasuries at the best prices rather than be able to keep them till they came due now, mind you, in any other market treasuries bought out three years and change wouldn't be under water and wouldn't

require losses to be taken and capital to be raised but when you think about it, we are not -- we're not in just any kind of market the fed's incredibly rapid rate hikes are finally starting to bite they're beginning to rep seemingly safe portfolios of treasuries but even as -- a year ago that's when bonds went down in price. svb's stock plummeted a bone-chilling 161 points extraordinary 60%. was that an overreaction not really because until this morning i didn't have any inkling there was anything awry, nor did almost anyone else the collateral damage to most of the banks was provd v profound because not only did we start fearing the commercial real estate loans we also became petrified about loans made to people in venture capital-backed firms that may not make it and suddenly we had to worry about how underwater their treasury portfolios might be? treasury's supposed to be the closest thing to a risk-free

investment out there but they're not risk-free if you have to sell them before you reach maturityand you get the principal back finally, crypto's become a pain point again. because the first national bank of crypto also known as silvergate, now being wound down how did that happen? just as svb was the banker to silicon valley start-ups silvergate was the bank to crypto exchanges while they've recovered from the ftx fiasco all sorts of crypto-related businesses keep imploding so the bank of crypto never really covered it is gonzo. gonzo as in ain't got nothing for you. now, few banks are like silvergate but some are indeed like svb i think svb's been overly punished after today but who cares? let's think about it the fear is just too palpable. i also think the pin action in the rest of the bank stocks is too severe but unlike most public companies they can't defend themselves, they can't say hey, buy us, we're in trouble because trouble's determined by the regulators, not them and the regulators are never going to go

out on a limb for the banks. that's why we see the banks getting shelled you don't instantly say a-ha let's go buy the stock of jpmorgan, which i actually think is in good shape against any commercial real estate issues and they didn't make risky loans to start-ups and they wouldn't even accept my crypto which is at last collapsing although i don't have anything now it's too early we just had day one of the recognition of how fraught banking stocks can be. let's give it a couple days. however, don't forget the market was indeed flying this morning before the bad banking news overwhelmed the tape it was flying because we had a weak jobless claims number at 8:30 this morning causing interest rates to finally come down economic data a sign that the fed might not need to tighten as aggressively going forward good news for stocks but svb and silvergate cast such a pall over the market it swept all optimism out the door will it change tomorrow? first we have to endure the travails of a once large european bank credit suisse which had to delay reporting after a last-minute s.e.c. inquiry never a positive sign then we need to see that

february employment number it's pretty good -- if it's cool in any way, shape or form i think there will be plenty to buy because i simply don't expect the flurry of svbs or silvergates because they are indeed niche players that collapsed. they're niche. they're not broad. they're not representative of the industry and they'll be in the rearview mirror soon enough i'm not saying that about the cascading regionals or schwab, which was off big today. but i am staying open-minded as my charitable trust just doesn't have enough good bank stocks and i'm on the lookout for one bottom line, keep your eyes on non-form payroll prize a weak jobs number means it's time to invest in fast-growing tech stocks when no other svb or silvergate-like disasters unfold eventually even the bank stocks will be worth buying now, again, as traders think there will be plenty more issues to come, but soon if the fed no longer has to keep up this metallica jam session of rate

hi hikes, we're going to have to start doing some buying. let's go to dawn in michigan dawn >> caller: hello, jim. boo-yah. thank you for taking my call >> boo-yah, dawn how are you? >> caller: i'm good. i wanted to know if i should buy more, hold or sell my stock in johnson & johnson and what do you think the future holds for the stock? >> okay. this is one of the worst runs on j&j i've ever seen some of it's related to talc we own the stock unfortunately for the charitable trust i've liked it for so many years. think it's a good 3% yield yes, i know it's got lawsuits. i know they didn't win the lawsuits the company is splitting up. i don't think you're ever going to get this stock for less than 14 times earnings. i think you have to buy j&j. i've been wrong. for my charitable trust on j&j but at 3% yield i would buy this stock. it's down 14%. like that! let's go to russell in new york -- oh, no, we don't have any more time for more calls because i went on so long about the banks and i apologize. and i apologize for my throat. i tried to raise some money for a very important cause that my wife's involved in last night and i shot my vocal cords.

a weak jobs number means it's time to invest in fast-growing tech stocks. eventually even the bank stocks will be worth buying but oh, not yet. on "mad money" tonight one of our favorite technicians larry williams has a new call on amd i'm digging into the charts and seeing what he sees. then the snacking theme is back and better than ever a welcome break from the banks so where do i come down on my favorite stocks of the group i'll give you my take. and on a day like today where the market gets crushed you have to look for some names that can hold up in the face of volatility so i'll be doing dividend antidotes yes, i think your portfolio can always use one of those. 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 e-mail to madmoney@cnbc.com. or give us a call at

1-800-743-cnbc miss setng ad to madmoney.cnbc.com.

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all on the largest, fastest, reliable network. from the company that powers more businesses than anyone else. call and start saving today. comcast business. powering possibilities. how do we get our bearings in a perplexing market to say the least where we're constantly trying to figure out the federal reserve's next move in the seemingly endless fight against inflation? the other day fed chief jay powell warned that he'd have to get more aggressive with his rate hikes in order to cool down a still overheated economy then today we got some weaker than expected jobless numbers indicating that maybe things are moving in the right direction again, at least from the fed's perspective. and sometimes you've got to pull out, pull right out of this macro stuff and you've got to put it on hold, find a more reliable way to navigate your way through the market not that the macro doesn't

matter it sure does but two months ago when we thought the fed was ready to declare victory and that didn't turn out to be the case, conventional wisdom says they still need to slam the brakes on the economy. who knows where it will be another two months from now? especially with the collapse of the bank stocks. and that's why i want to take a more quantitative approach tonight we're going unemotionally off the charts with the rep of old pal larry williams, legendary technician, market historian, who's been the top expert in this space before i was lieutenant rooney in arsenic and old lace at springfield high larry's create aid host of proprietary technical indicators if you go to the website ireallytrade.com more importantly he's got a phenomenal track record spleernl in the last few years. remember he's the one that called the covid bottom spring of 2020. everybody else thought the market was going to be stuck in lockdown forever he also caught the most recent rally we had in 2023, which was if you remember a pretty good one. i love featuring larry's work because he's always searching for patterns for unemotional patterns

for cycles that repeat themselves over and over throughout history he's more of a market historian than a typical chartist. we don't necessarily know why these parents seem to keep repeating. but the fact they've done so in so many times means the odds are more likely i think to be on your side. which brings me to his next big call, one that's been puzzlingly strong until today amd. the stock of amd the semiconductor company run by the brilliant lisa suh he's noticed a cyclical wave that takes place in amd's stock roughly every three years. this wave has produced rallies 84% of the time. that's money since the stock began trading all the way back in 1980 in other words, we've seen this setup 14 times before and it's worked on 12 of these occasions. that's what you call a high probability trade. that's actually the name for it. so first take a look at the daily chart of amd with larry projecting for what it might look like if the same pattern plays out this time. from the right -- from right

about now through october the stock has been up 84% of the time during this period historically. what exactly does that mean? let's look through some examples of this pattern through the last couple decades check out amd's chart from 1999 through the first half of 2000 we know one swallow does not mean summer's here so the next chart shows the wave pattern for the last 20 years which each of the occurrences of the pattern so we can gain some perspective on what to expect this year. williams' wave cycle predicted an up move in amd from october of 1999, now we're going back there i know, through may of 2020 and that's exactly what we got. with an explosive rally right at the end of the dotcom bubble and remember, we're trying to catch these moves. we're trying to catch discrete moves here fast forward three years the next time the passport kicked in was february of 2003 it roared as the second leg of the cycle kicked in that june,

taking the stock to new all-time highs. completely unpredictable except by larry the next time in 2006 okay, it didn't quite work out. williams' wave cycle predicted a rally in mid june of 2006. but while the stock got a bit of a lift in a bear market it quickly gave back those gains. although the declines got worse once the wave pattern ended. even though the pattern didn't work in 2006 at least the stock caught a breather during a broader decline. so it's relative the wave came again in late 2009 this time it predicted the action of amd perfectly. what a run look at this i want that run. especially after today the stock ran up through the spring of 2010, which is exactly what larry's pattern called for. obviously it doesn't always work this well. it didn't work at all in 2006. but the point is identifying cyclical patterns with a high probability of success it worked like a charm in 2013 amd caught fire a couple of months after the wave cycle predicted it would and then the

move tapered off in late summer in line with the pattern when the next cycle came in 2016 the stock's trajectory fit larry's pattern incredibly closely. another great rally that tapered off exactly when it was supposed to the last time this pattern came due was in late 2019 and early 2020 amd began rallying in 2019 about a month before the wave pattern came due then it continued to roar, went off track when covid hit but quickly came roaring back as part of the second leg of this super up cycle now let's go back to the daily chart of the action this year. williams likes what he sees here i think this part jibed with the stock today before we had the bank situation and this stock's been on an up trend in recent months which suggests to him that this year it will be in phase with the wave pattern. remember, the one time this pattern didn't work in the last 20 23 years was in 2006 when the stock was already experiencing a steep decline before the wave as supposed to hit.

with amd already rebounding the cycle's more likely to resemble the positive actionwe've seen historically of course williams thinks it's too hasty to take your cue from a single long-term cycle forecast he also likes to search for shorter cycles that have been repeating themselves in the same stock. so let's check out this chart, which shows amd with larry's long-term cycle forecast in red and his short-term cycle forecast in blue right now his short-term cycle says the stock's likely to roar in from late march through early may. then it predicts to cool off here with the stock seeing another powerful leg higher in august i'll take this too exactly when the second leg of larry's long-term forecast kicks in bottom line, the charts as interpreted by larry williams suggests that amd's stock should be ready to roar over the next few months primed perhaps by today's action even though i hate to aggressively recommend anything tech, when the fed wants to get on the war path because of inflation, we know amd reported a tremendous quarter a little

over a month ago and it wouldn't surprise me if this positive three-year pattern ends up playing out just like it normally does historically the thing that's been dogging amd is the semiconductor glut and i think that's coming to an end, which would give this stock the major boost it needs to fulfill this pattern let's go to mary in hawaii mary >> caller: boo-yah >> boo-yah, mary how are you? >> caller: i'm good. aloha. i am a long-time listener. >> okay. >> caller: but a first-time caller i have a question about nvidia they recently fired for a mixed shelf offering of up to $10 billion. what is this and what does this mean for the stock's future? >> okay. that's a great question, mary. they filed that, it's just something to be ready if they need the cash. they probably won't. they've actually got a huge amount of cash on the balance

sheet. march 21st begins an amazing conference with all sorts of great people and you're going to hear things about ai and nvidia's role that i think is going to catapult this stock so please stay in it let's go to joe in new jersey. joe. >> caller: hello, mr. cramer thank you for having me on >> oh, sure, joe i'm glad you called in >> caller: hey, with intel trading at 52-week lows and cutting their dividends 66%, is it a buy >> no. i've got to buy companies, recommend companies that are doing well we have a very tough tape. if i start recommending companies that are down and out without a catalyst to turn it around i think i'm going to hurt you, not help you. so i say intel -- i like amd and nvidia, both of which are owned by the charitable trust far more the charts by larry williams suggests amd's stock should be ready to roar over the next few

months it wouldn't surprise me if this positive three-year pattern ends up playing out just like it normally does historically hey, much more "mad money" ahead. is it time to take a bite of the snacking cohort? yes. you will see my shopping basket of snack food stocks that i think maybe in this tough environment once again should be on your radar screen then there are a few terms i hear all the time op wall street and i'm ready to retire them i'll reveal what they are. and of course all your calls rapid-fire in tonight's edition of "lightning round. so so stay with cramer

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it's official. we love to snack every earnings season we pore over the quarterly results in the conference calls to see what companies are saying not just about their own business but about broader themes or trends that can help

us pick winners, especially when the market's gotten ugly like today. as we wrap up fourth quarter earnings season we've heard the same story from packaged food company after packaged food company. the snacking category is on fire yesterday campbell soup reported an excellent set of numbers. solid top and bottom line beat with management raising the full-year forecast substantially. more importantly, while their meals and beverages did very well, 11% organic growth, it was the snack segment that drove these results with 15% organic growth wall street was only looking for 9% when the conference call ceo mark clause, who was so good today, said campbell had, quote, the strongest share growth in cookie, cracker and salty snacks among all amajor branded players, pretty strong statement. so if you want to play the snack boom very inexpensive, well run, campbell's the way to go according to klaus all volume grew across different units even

in this current economic environment. specifically he called out strong performance from pepperidge farm cookies, snack factory interprets p crisps, kettle chips, late july tortilla chips as well as o.g. of snack brands goldfish. 21% sales lift 21 now well on its way of the goal of 1 billion in annual sales and this is a very old brand that has been just invigorated clouse said this is the second quarter of goldfish being the largest driver of growth for the entire cracker business. very encouraging of course it's not just campbell's that's kind of my point here there are huge, plenty of huge winners from the snacking move like pepsico even if it's not a pure play like the beverage business when pepsico reported on february 9th they delivered a strong quarter driven in large part by their frito-lay north american snacks division which had a staggering 18% organic growth management called out double-digit net revenue growth

for many of its largest brands including doritos, cheetos, lays, ruffles, toss tooetos, and freetdos they've got emerging brands like pop corners, sun chips but what i would emphasize is this category is back as you can see because i didn't even have to mention that the kettle chips, by the way, is doing incredibly well for campbell's a couple weeks after that report pepsi presented at the annual consumer analyst group of new york conference called cagney for sure where the ceo provided some additional color on the snacking move saying, there are some secular trends that i think covid has accelerated and maybe this new inflation will accelerate even more, which is people are eating their 2,000 calories or whatever in the day in a much more unstructured way. that continues to be the case. and as people are spending more time at home those calories are becoming more of a home-based unstructured

and we see more snacking occasions during the day and we see more cooking happening at hoernlgs actually more entertainment at home. so seeshlsocializing at home, ed quote. long way of saying snacking is back this is a covid shift that simply hasn't shifted back as the pandemic subsided. and mark clouse said very similar things to me, the guy who runs campbell. i said look, a lot of it's work from home but a lot of it's grained. about a week before pepsico report wed got a strong set of numbers from hershey which has quietly been one of the strongest stories in the packaged foods universe for the past few years her vi, kitkat, twizzlers, york, but they also have a set of salty snack brands including a number of xwrefrt for you options like skinny pop, pirate's booty, along with pretzels -- some of these brands have been kicked around for a long time but they've gotten hershey and hershey's done a remarkable job with them,

reinventing them it's all working for hershey which is pretty much a pure play on snacking. 10% organic growth on a constant currency case in the current quarter. the ceo i wish would come on the show someoning the strength telling us pretty much the same story we heard from pepsico a year later she's stressed her snack brands are recession resistant saying chocolate moments are such a heavily integrated part of consumers' routines from morning moments to stress relief to self-care and everything in between. they indicate they would rather cut back on other expenses for making room for chocolate because they love it so much and it's so affordable salty snacks are another regular companion that durmconsumers ar hard pressed to cut out of their grocery budget that's amazing in other words, this doesn't get hurt if things get tough she points out this stuff is more or less a necessity it's not discretionary at all. especially if you've got kids.

just before hershey reported we got some terrific results from mondelez, still another one. pure play on snack food with some iconic brands here we're talking about oreos, chips ahoy cookies, triscuts and wheat thins crackers they've also made smart acquisition buying tate's bake shop cookies, toblerone and cliff bars all these brands are growingnight nicely and their recent overall numbers have been fantastic. in the fourth quarter mondelez had 15.4% orangic growth, a full five percentage points higher than wall street was projecting. mondelez's ceo told a great story in the conference call talking about quote our consumer continues to hold up well against most geographies prioritizing snacking and buying more volumes of our products despite significant price increases end quote. a couple weeks later at the cagney conference i mentioned later he put into more detail saying consumer research confirms snacking is more and

more prioritized over traditional meals and that the demand for snacks is continuing to grow. then he cites a poll mondelez conducted along with consumer research firm. they found that 75% of people always make room for snacks in the grocery budget even as prices keep rising 60% of people said they expect to spend the time, the same or more time on cookies and chocolates this year than 72% said they rely on affordable indulgence like chocolate to help them get through the day. van den put also pointed out consumers tend to have a ton of brand loyalty in the business. which is one reason why these packaged food companies can get away with putting through big price increases on candy and chips. finally please don't forget about general mills. this is one of the strongest too, which among many other businesses has a big presence in snacking that includes well-known brantds like nature valley which i happen to like, chex mix, a bunch of fruit snackers. gushers, fruit by the foot

and then ab annie and is some hot snacks like tottino's pizza rolls. we'll get their next quarter in two weeks but based on the way things are going, based on the way things have happened for campbell soup and pepsico, hershey and mondelez recently, i'm pretty optimistic about mills. very optimistic. but don't forget general mills owns the phenomenal blue buffalo pet food business. dogs love snacking too bottom line, if you thought americans couldn't love snack food any more than they already do, this earnings season has proven you wrong i like all the packaged food companies i just mentioned but maybe the best way to play it is eli lilly which has an incredible new weight loss drug because holy cow there's nothing worse for you than junk food well, maybe alcohol. at least these companies have no real estate, no crypto no, silicon valley startup exposure. on a day like that i've got to

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we need to fall back on what can work during a fed-mandated slowdown it took on a whole new urgency with today's collapse of the most economically sensitive bank group. that's why i wanted to deploy a tried and true strategy that will work for you at home

picking some of the best names from the companies that have been raising their dividends the most if a company's raising its dividend dramatically it means management feels confident about the future ths it's their way of signaling business is good you don't raise a dividend just to -- tonight we're picking some names from the universe of s&p 500 constituents that have raised their payouts the most this year. we're drawing from a list compiled by s&p 500's howard silverblatt who graciously posts this data on the s&p 500 website silverglat stuff is terrific when you look at the numbers there are 40 companies in the s&p that have boostedfor dividends by more than 10% or more since the beginning of the year. i'm going to give you my top dozen on that list with an honorable mention at the end we're going to start with one that just reported lights out. dick's sporting goods. it jumped to the top of the dividend list when it reported an amazing fourth quarter and topped that off by more than

doubling its payout. take it from just under $2 to 4. that's extraordinary no wonder the stock's up and trading at a 52-week high. even after doubling its dividend the stock still sells at a paltry 11 times earnings i've been a fan of this story since it came public dick's is up 40% since i just rerecommended it last april and i think it will keep work its way higher i love management here particularly after that huge dividend boost. you know who else has doubled their dividend this year cramer fave constellation energy the independent power producer has that's all about nuclear i started pounding the table on this one right after it was spun off by the old excelon that was its parent early last year constellation up 46% since i endorsed it. pulling back 20 bucks since its late november high the key to this story is it's the only way to generate large amounts of carbon-free energy at scale and a reasonable time frame. of course it still competes with fossil fuels which is why the stock's pulled back hard since

the price of natural gas peaked and has plummeted. that said, constellation energy remains one of the clearest winners from last year's misleadingly named inflation reduction act. so i think you're getting a good chance to buy the stock on weakness clearly management feels good about theprospects otherwise they wouldn't have given you a 100% dividend increase next public storage had the third largest dividend boost with its 50% payout hike this one's not my favorite story, especially since public storage is trying to acquire its rival life storage i don't like that. but it's got a 4% yield. i've got to tell you that's also on top of the 13-plus special dividend they gave you that's incredible. and they got that from the proceeds of selling a non-core part of its business to blackstone at these levels public storage trades at 18 times this year's funds from operations estimates. the rent equivalent of earnings.

while i think you could do better you could probably do a heck of a lot worse. the two best oil service companies, slb and halliburton, slb is schlumberger, were both near the top of the list with 33% and 43% respectively i love this industry in a year where oil prices are at a solid level which means producers need to spend fortunes just to maintain their current levels of production the oil service operators are pretty much completely sold out here and these huge dividend hikes indicate immense confidence that the continue will continue to be great. in the end i prefer hal. halliburton's management believes we're we're in the early innings of a multi-year move i know the stock's been soggy but i agree with them. after a tough year there are very few tech stocks on the dividend boost list and even fewer semiconductor names. that's why it jumped out at me when i saw nxp semi actually boosted its payout by more than

20%. it's one of the cheap chipmakers lichkd to new automobile sales balls they have been so consistently strong. as long as new cars remain one of the beacons of this economy i'm inclined to remain positive on nxp semi. next i think the arms dealers to the life sciences industry are making a comeback this year. right now i'd say the biggest and to some degree the best -- thermal fisher scientific. with a 17% dividend increase just yesterday american express announced a 15% dividend boost along with a fresh 120 million share buyback authorization which should go to roughly 16% of the share cap that's a gargantuan buyback. i am a big fan of american express expect ♪ hallelujah ♪ >> buy buy buy >> then jacobs solutions

it's a sleepy construction company with exposure to the infrastructure bill congress passed a year and a half ago that spending is about to kick in and once it does jacobs will be making probably -- i think they might be the strongest in the whole infrastructure segment. they made the list after a 13% dividend boost i know these guys. they're incredibly confident i like it. and we've been wreming archer james midland since the beginning of last year it's one of our favorite dividend aristocrats it had a great year amid a strong agricultural cycle but the stock's pulled back. the 12.5% dividend boost indicates that agriculture, the entire sector is still strong. return to or exceed its 2022 year highs now another cnbc investing club fave i think this is one of my favorite stocks in the entire portfolio. it's one of the best managed care companies with a stock that's pulled back 5% year to date because of the early

rotation away from safety stocks believe me, that rotation is about to go back with people worried about the banks. with people in inflation fighting mode i expected the rotation to go the other direction allowing humana's stock to make a comeback last than two weeks ago we spoke with trained technologies. i thought they told an excellent story. trade's another quiet winner from the inflation reduction act as they retrofit buildings especially schools to be more energy efficient 12% dividend boost and remember the world's getting tougher on greenhouse gases. terrain has a solution to the problem. of course they also cause the problem with their older less efficient equipment but wall street only cares about the future we never gave up on pro loggis even as others did when we started hearing all this e me -commerce. companies talk about how they

overbuilt their infrastructure pro loggis, i haven't seen anything that mangz me worry about their business i know we saw etsy down today. please don't be so granular. e-commerce is still in bull market mode. i'm feeling more confidence after a 10% dividend increase. finally a bonus. the largest equipment rental company in america with huge exposure to infrastructure and construction i covered it in trading last night at the top of the show this stock sold off hard last year amid worries of a fed mandated slowdown. but it's become inflation resistant if only there's so much government infrastructure spending on the way. the stock's actually up 28% year to date although even up here it sells for a mere 11 times earnings and that dividend initiation is a sign of genuine confidence that its growth is very good ahead. bottom line, there you have it, it's a baker's dozen of quality companies that have raised their dividend substantially so far this year.

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♪ it is time it's time for the "lightning round" on cramer's "mad money. [ buzzer ] and then the "lightning round" is over. are you ready skee-daddy in time for the "lightning round" on cramer's "mad money. luis in illinois >> caller: i want to get your thoughts on ticker symbol mtc,

marathon petroleum >> what a winner i think the margins are going to improve there. it is great to pull the trigger. let's go to sam in arizona sam. >> caller: hey, jimmy chill, a big boo-yah to you from peoria, arizona. how are you? >> i'm doing well. doing okay how about you? >> caller: great, great, thanks. i have a very large position in robinhood. what are your thoughts on the company? i got in pretty high -- >> i'm not a fan they're losing a lot of money. doesn't seem to be anything exciting about it, especially in a world where silicon valley bank, well, svb is struggling so hard let's go to sue in california. sue! >> caller: hi, jim i'm wondering what you think about a stock called amplitude >> no. losing a lot of money. enterprise software such a bad business we're not going to touch it unless they're making a ton of money. bill in georgia. bill >> caller: mr. cramer, love the he show. >> yes >> caller: need your help. >> thank you >> caller: i'm in the house of pain with paypal >> i can't help you.

i think what we discovered is the margins are collapsing in all sorts of business, particularly in fintech. it's not the time to be in fintech. mark in wisconsin. mark >> caller: jim, i've got a stock for you in the semi -- >> yeah? and the stock is oh, man. mark held us out there i'll give you one. how about nvidia let's go to stack -- oh, no, that's it. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: coming up, cramer identifies a few terms he'd like to retire from the home gamer's lexicon. go back to basics with "mad money. next

here's some terms we need to retire risk on risk off overweight or underweight. these terms were born in the institutional money management world. they have no business on this show or in your thinking because they almost always lead you astray allow me to explain. i've been writing about companies and their stocks professionally since 1981. and it's been a lucrative experience for many who read me. believe me if it weren't i quof quit years ago along the way tons of etfs to mirror certain sectors these companies made fortunes selling these stuff to promoters. then we had flair flavor of the day etfs, then actively managed etfs that's nuts. these are supposed to be passive beings lots of people and especially institutions got away from owning individual stocks entirely we got to the point where the pools of capital that were being managed became so large they

overwhelmed the action in individual stocks. the stocks were too small. the only thing that mattered was the benchmark. did you beat the s&p 500 if you're a money manager and you beat the benchmark it's because you overweighted some winning sector or underweighted some loser most of these guys wouldn't dare to deviate too far from the bench plrk mark because if you a means you lose and all your investors will head for the hills. that kind of thinking still prevails in the world of money management but it shouldn't be in our world in this irrational world they crafted stocks have no value other than a percentage of an index in a bushel or a peck. their values change not as a function of their sectors, not of their fortunes but of the sectors' relationship to the yield curve, a risk off warning because of a spike in treasury stock, treasuries may mean that the stocks of great companies need to be sold until the coast is clear that very afternoon when they can be bought and risk is back on i hate this silly little world of billionaire stock traders and their minions because it distracts us it makes it harder to keep our

eyes on the prize, trying to make real money by analyzing the fortunes of real companies if we fall prey to their thinking we miss all the changes these companies have made, we would have forever missed that nvidia crated a processor that begat chatgpt, mainstream ai, wasn't just a gaming company we'd never contemplate how enticing ge might become if it stripped its aerospace business away or how those cyclicals i highlighted last night became secular growers. i could go on and on what you need to know is it's not too late to change if that's how you think. you can free yourself from the change of hedge fund gobbl gobbledygook that's what the cnbc investing club's about, turning your knowledge of individual companies into individual fortunes and you need to free yourself from this mentality right now because we're seeing the obliteration of these baskets as they come face to face with reality, as the banks did today. don't succumb to the yesteryear. you're being traileded to death by this risk on risk off overweight underweight nonsense. choose ownership of companies, not baskets, not barrels, not amalgamations.

start making sense, not underweights or overweights. and stop falling prey to the at visitic way money's managed in this country it's not your world. and one day if they keep running it this way it won't be their money to run either. i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money. i'm jim cramer see you tomorrow "last call" starts now. thank you, jim, i'm brian sullivan. tonight, the big bank meltdown, sending your money down, what's happening out west could impact the entire country. healthcare fraud. our investigation into the brazen theft of covid money. holy tax hike. your taxes up, markets down. that and much more. belly up or