tesla, still long. >> steve? >> 163.85, to be t(exact, if yo recall that. gdx. you see goldu/today?xdi] >> oh, yeah. >> you watch everything. >> all right, thank you for watching "fast money." we'll see you back at 5:00. "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 is 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 save money. my job is not just to entertain, but to educate and put days like today in perspective. call me. 1-800-743-cnbc or tweet me @jimcramer.

leave to it the banks. yeah, the fed was fine today, calm, but discouraging news on the crisis from the treasury department. it sent the dow plunging 5:30 points, and the nasdaq suiciding, 1.6%. yes, it was widely expected. it raised rates by a quarter piece sent. fed chief powell told us there is plenty of inflation in the system. but the recent bank runs made the fed feel less worried about inflation in the future. because we weakness at the bank means credit is going to get tighter moving forward. the collapse of three banks and the worries about many others are doing powell's job for him. @although not in the ordinary way he would necessary lie lick it. it was calm. it was soothing. it was thoughtful. if the banking situation stabilizes and the inflation doesn't brew, i get it, a

necessary quarter point hike. again, logical, reasonable, and something anyone with a savings account should actually cheer. i think the market would have been fine in the fed meeting. initially we were actually up a response. but janet yellen didn't come out at the same time and say the government won't be bailing out the shareholders or bondholders of failed banks. even that's okay. but she says treasury isn't considering unilateral expansion to deposit insurers. not okay. that's what's needed to prevent more bank runs. it was powell was talk about how the bank failures to lead to de facto tightening at the same time yellen did her best to reassure no one. together the words overshadowed everything else that was reasonable, logical and measured. wall street had started convincing itself that maybe, just maybe the banking system

was on the mend, stabilizing, and the government might protect the depositors. all the deposits or the. so we learn a valuable lesson today. whenever we think we can go back toe normal, we have to recognize the bank is damaged by inadequate cause which tightens credit all by itself. it is absolutely true we want the fed to be vigilant against inflation. visit any car dealership, troy to buy a home, it's all still way too expensive versus four years ago. sure powell says there is housing weakness, but nothing meaningful. wages still going higher, but maybe not as fast as before. that's why i think the quarter point basis hike seems right there. may be another if things don't cool off. but we've got two markets, the market that needs the financial system and a market that only wants to own the stocks and the fastest growing companies, especially tech companies like nvidia or apple or microsoft, the usual gang that does well without any finance.

in between is a ragtag group of stocks trading fundamentals, thank heavens. those are hard to judge right now. i find pretty nuts, the market in all its wisdom decided if the bank stocks go down, nobody will be able to get credit. but of course this is stupid. tech is only as good as its customers, and many of its customers are in big trouble if they can't get credit, which perhaps even these were swept away by the end of the day. so let me step back, have a sip of my tea, regain my voice -- regain my -- all right. that didn't work. and maybe explain what's really happening as opposed to what this market is blabbering about and i'm certainly trying to enunciate. first, jay powell's trying like everyone else to figure out what the heck went wrong with the banks that just failed, beyond incredibly poor management. were the regulars asleep at the switch? [ booing ]

is there another thing lurking behind the door? is there anything we can do better? trying to be so constructive. like everyone else in the government still saying the bank system is strong. but that's what you have to say. everybody knows that. the bank isn't strong. it's not strong enough for us not to worry. unfortunately, that fear can't be quantified like the price of a home or how much a car costs or eggs or bacon or wages. we can't nail it down. and worse, yellen created a completely unnecessary level of uncertainty by speaking about the crisis as if it's definitely ongoing. next thing you know, you feel like it's silly to be focused on how many basis points the fed hit you with. what matters is two weeks into this mini crisis, we have no plans. we aren't sure what's happening. we aren't sure who else will fail. in the end, we may end up with the worse solution. this is how you wipe out inflation. you get a vicious deflationary wave of bank failures that savages the entire economy. of course, powell doesn't want

it to be that way, but powell is a realist. he knows credit will get typical if there are more bank failures. yellen doesn't want it either, but she has to say over and over taxpayers won't have to pay for everything. but we're somehow going to make sure depositors are okay. powell, though, powell is a champ. if he didn't raise rates, he'd look like he was panicking. if he raised them by a quarter point and nothing else happened, would have been fine. the problem is powell has backed himself what i call an off the cuff corner with these ridiculous press conferences. we got question after question after question which in totality made us feel like the banking collapse is both past, and more important future. we have plenty of fear generated just by the same questions over and over and over again in different forms, hoping someone can trip up powell. and we want to know why there was no oversight, how come the bankers were allowed to do what they. hey, will it happen again? that is the reporter's job.

powell has no choice but to play rope a dope like muhammed ali. it doesn't help anyone, least of all you. look at hit the way. we came into the session thinking the fed and the fdic were starting to get control of the banking crisis. we believed things were stabilized. yellen's questions to powell about the bank system, we came out of the session worried. we came out nervous. we came out frightful. and of course we came out assuming more bank failures if we didn't think that going into today. the market got bowled over so easy because we were dumbfounded that yellen, supposed to be a seasoned hand could be so tone deaf with her words. knowing what we know about the speed of the bank runs, it was ill timed, ill-advised. definitely somes on cams. bottom line, we ended up not worrying at all about that quarter point rate hike and being racked by the notion of

which bank will collapse yet, tearing out our hair over how depositors make it hurt, invest blers crushed or who knows? bondholders? who is next? not a great way to resolve what otherwise would have been an orderly display against inflation and in favor of confidence and stability that we all crave, and frankly, deserve. sunny in illinois, sunny? >> caller: hey, jim. a big investment club boo-yah to you, my friend. >> thank you. what's up? >> hey, man, i've been a long-time fan of your show, and i really need to tap into your 25 years of market wisdom. i'm thinking about investing in energy right now, and you know, oil has come down, but it's hovering around $70 a barrel. >> true. >> so i'm looking at a company, and i'm wondering if you can tell me and all your other investment club members if you would invest in this one company that has pulled back about 10% a price, but has a dividend yield of 10%.

would you recommend et to us investment club members? and would you consider buying it for your charitable trust? >> well, i would. i don't it's as well managed as some of the others. if you want to know the best run, it's enterprise products partners. that yields 8. yours yields 10. i would prefer enterprise partners. kevin in illinois, kevin? >> caller: hello, jim. how are you? how you doing today? >> i'm doing okay. how about you? >> caller: doing very well. but i've got a question from march 8th to march 15th, the fed posted on their website on the 17th that they'd increased the balance sheet from $8.3 trillion to $8.6 trillion, or $297 billion increase. and i can only think that that's because of the silicon valley bank problem. and how is this not a buyout or a the fed buying back the debts?

>> remember, the federal reserve has talked about using the discount window. to be able to preserve stability in the system. so i don't think the fed is doing anything wrong there is a lot of instability. we found far more instability than we realized at 3:00 when treasury secretary janet yellen revealed herself as being someone who gay false reassurance, and took even that away. let's deal with it as we may. sumner in new york, summer? >> caller: hi. how you? >> i'm good. how are you? >> how you? >> i am good. what's going on. >> caller: i want to know what's going on with the hospitality industry. we turning it around? i think so. >> i think it's very strong, but it depends on the day. you have a day like today where people are very fearful, and then wondering whether the good news will continue. and then tomorrow, if we don't get a bank failure, people go right back. and that's why i think that stocks like airbnb, marriott are all good to go. and i even like the stock

express. leave to the fed to spoil the party, they always do. confidence and stability and against inflation. on "mad money" tonight, is the fed decision the real deal? it is tyke to circle back or does the sector remain untouchable? i'll give you my take. and got to go back to the charts. the big box realers tend to rally this time of year. but who is leading the charge? i'm going off the charts. and on holding after earnings. could this be a power name held up in the face of the market? i'm seeing if the stock can continue its run with the top brass. so stay with cramer. don't miss a second of "mad money." fol @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an email to

madmoney@cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. (vo) with verizon, you can now get a private 5g network. so you can do more than connect your business, you can make it even smarter. now ports can know where every piece of cargo is. and where it's going. (dock worker) right on time. (vo) robots can predict breakdowns and order their own replacement parts. (foreman) nice work. (vo) and retailers can get ahead of the fashion trend of the day with a new line tomorrow. with a verizon private 5g network, you can get more agility and security.

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now we're over the hump of today's fed meeting and the government has made an attempt to try to stabilize the bank crisis, we need to address the other black hole of value destruction in this economy. i'm talking about office real estate, especially as seen through the prism of the real estate investment trust that owns so much office products. i've been warning you away from the office reits for months. for many white collar jobs, that hasn't changed back. once covid was beaten, here to stay which means there is going

to be a lot less demand for office space. who needs it when you have less people working in person. plus, if you worry about the economy, office real estate is the last thrace plays you want to go. this has turned into a serious economy-wide problem, and we've got overcome it. so let me walk you through it, because the implications frankly are -- sell, sell, sell! >> -- ugly. first, we're increasingly seeing that offices aren't taking new leases. why would they when we have fewer people working in person? at the same time, refusing to accept higher rents or downsizing their logistic footprints. again, why pay for that real estate if you don't need it? second, there is an interest ainge angle here. financing through the roof for these landlords, which comes into play whenever these companies want to build something new. they want to get things better. and that's before we even get into the cost of the real estate

itself. if the owners of these office properties decide to sell the building, they're going find that they likely can't get the kind of prices they want. they decide they want to convert their office buildings into apartment buildings, something i think very good, they'll find this is very expensive and takes ages. that assumes you can get a zoning permit. meanwhile, the space gets renovated, either way these buildings are making them much less money. when a property's owners power goes down, the value goes down, and it takes the reit stock down with it. put it all together, thereand there is a tremendous amount of value structure. consider one by one. now the poster child is this stock had a big run in january or february. that was a nonsensical move. it's been fully repealed and then some. from its high seven weeks ago, sl had been cut more than half.

trading since the summer of 2009. yesterday this stock got hit with a one-two punch of negative analyst commentary. first goldman sachs resumed coverage of several weeks with an outright -- >> sell, sell, sell! >> -- sell rating. pointing to the ugly balance sheet and the fact they have a ton of older buildings that are in even less demand. meanwhile, piper sandler slashes price target from $42 to 27. even with the stock at its lowest levels since 2009, the bears. sl green has way too much debt. in fact, their debt to ebitda ratio clocks in around 13. [ booing ] that's insanely bad. worse than the growth. to make matters worse, sl green plans to clean up its balance sheet involved raising money by selling buildings. they want the sell over $2 million in property this year.

who the heck wants to buy an office building in this environment, let alone an old office building? a few options, none of them good. they can sell more buildings at lower prices to raise the same amount of money, or they can cut their dividend again like they did in december. given that the stock is a nearly 15% yield, isn't that telling you dividend cut is inevitable? just an ugly situation all around. some would say an invitation to a reit funeral. second remote work will be b & o. this is one i actually like. it's another just like sl green. it owns a ton of properties in new york city. they do have the second worse balance sheet in the group. the one saving grace, not a pure play on real estate. they get 18% of their orange income from the retail problems. that's not enough to change the whole story. yesterday we saw an interesting bull versus bear debate from the same two analysts who mentioned

sl green. goldman sachs was just as vorndo as sl green. if the situation gets worse, which is what i'm expecting, they'll struggle with the number of class a properties. vornado is best building, but that makes them best house in a bad neighborhood. that's why piper sailor updated from underweight to neutral. basically, investors have gotten too negative. vorndao is definitely in better shape than sl green, but that's the lowest of low bars. the stock is down because business is bad and getting worse. now the largest office reit is actually more specialized. alexandria, company used to be on a lot. and indeed, it's a name we liked very much, because they owned

highly specialized properties like laboratories basis for biotech firms. but that gives problems. i feel the ipo market has been closed for 15 months now. it's very hard to raise money. and you can't rent office space without cash. no wonder it's down nearly 20% for the year. and don't get me started on we work. these guys recently announced they're delaying the filing of the end report, and oh, they have to restructure the debt given that the balance sheet was untenable. they made it happen by issuing a ton of new stock. no thank you. and that's why this thing has become too small for me to talk about. bottom line, even if we eventually stabilize the bank system, we still need to reckon with the collapse in demand for office real estate and the quality of that real estate. these office real estate have been slowly bleeding over a year now. it's like somebody nicked an artery and the blood is spurting out. unfortunately, i think the office space business could get a lot worse before it gets better. which means these office reits

still have sadly more downside. "mad money" is back after the break. coming up, hope springs eternity for the big box brethren, and costco leads the pack. find out why, next.

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even though the fed is not done fighting inflation, they're indicating we're nearing the end of this tightening cycle. i find it hard to believe they can keep aggressively fighting inflation over constantly worried about bank runs. even though the fed isn't quite your friend at this point, it feels a lot less of an enemy than it was a month ago. though actually i'm not as certain of treasury secretary yellen after comments that make you feel a lot more worried than any woman would like. if this year has taught us

anything, it's predicting inquiries are insanely difficult from week to week or month to month. that makes it hard to come up with a macro forecast based on fundamentals. which is why we need to fall back on something else. so tonight we're taking a more empirical approach, as you know we like to do and look at one of our absolute favorites, larry williams, the legendary technician i often mention. he has been the top expert in the space since the '60s. larry has written over a dozen books, created a host of his own proprietary technical indicators that everybody works. i find him a calming experience. i find him a cerebral experience. more importantly, he has a stellar track record for you. larry is the one that called the covid bottom in spring of 2020. he is the one who has predicted the big january rally the beginning of this year, and he also said it was temporary. and he helped discern that leadership is switching back to the nasdaq from the mighty down. it was certainly the case until yellen's comments at 3:00.

williams is actually feeling pretty booed good about the market which helps on a miserable day like today. why? history. he is constantly trying to spot cycles or patterns in the market that seem to repeat themselves over and over again. those patterns don't necessarily peak perfectly, but they still give you a surprising level of insight into the future. i am always stunned by this, because the market is not supposed to work this way. totally illogical. when you look at the historical faction, you find the patterns have repeated themselves all the time. when williams looks at this market, he says he's seen this pattern before. i find that reassuring. he thinks our recent action looks eerily similar to 2008. that's already happened and 2009, when stocks crashed, bottomed and then started rebounding over the course of the financial crisis. in other words. kind of went through the 2008 part already. check out this chart of the weekly action the nasdaq. the red line is 2008 and 2009. the black line, it's right now. williams points out that just

like last year, the nasdaq was much weaker than the dow and s&p in 2008. and when it's stunning how similar they look, isn't it? even though our problems last year are almost nothing in common with our problems today, the nasdaq's performance was extremely similar. can we take to it the bank? no. must we observe it? yes. then we flip the calendar in 2009 and look at this. within a few months, the market bottomed. this is the so-called hanging spot. i don't know if you remember from the late mark haines. and embarked on a fabulous multi-year run you. had to take action. you couldn't sit it out. looked very similar similar to the bottom last fall. however, the sentence has been reliving its financial crisis trajectory. and that pattern continues. it's very good news especially for tech. and tech was fine until we got bank deposit or thes from janet

yellen at the same time as that ridiculous press conference. now it's not just the nasdaq. take a look at the weekly chart on the s&p 500. 2008 to 2009 period is in red. the present is in black. if that's not deja vu, i don't know what is. while the action is not exactly the same, williams notes the major rallies and declines take place the same time of year. once again, if the s&p keeps repeating 2009 trajectory, this is precisely when you want to be a buyer. see, you got to remember, this is history. but history does repeat itself in the stock market, repeatedly. now what if you zoom out and look at the dow jones industrial average, the oldest of may drivers. in every two year period since 1880. when larry ran the numbers, he found the best hatch, we have to go back to 1962 to 1963. once again, that pattern is great news for the bulls because it predicts a monster move higher.

i know. kind of crazy. at least i was born then. what about specific charts? there is another pattern williams spotted. it's major retailers tend to run up this time of the year. this is something we talked about before. he found we typically see an easter rally from late march to early april. we certainly want to catch that. this year the big box leaders is cramer fave costco. check out this chart on the big box names. all right. this is one we're focused on, costco, walmart red. there is no particular reason because for the last month of the last quarter, costco wasn't that hot. but could history be repeating itself? like i said, williams is always searching for cycles to repeat themselves, not just the average, also individual charts. let's look at a week with costco. larry's historical work shows

costco tends to rally 75% of the time. in those rallies typically last three months. now check out costco's daily chart. with the seasonal pattern will. how costco tends to perform at any given point in the year. we noticed something interesting. costco is coming out of a seasonally weak period over the past several weeks. usually the stock makes a lower level in march versus the start of the year. but this year costco stock is doing better than season pattern. according to larry, that's very bullish. the bottom line, the charts as interpreted by larry williams suggested the market's already bottomed for real and could be due for a long lasting move that's a nice time for how we left today. also, costco, as we do we at this point of the year, and i like it far longer than that. i hope he is right. joe in illinois, joe? >> caller: hey, jim, joe marzano, can't figure this one

out. bought it right after the ipo, portello's. every single one of these they open up, there is lines around the block. i don't know that any business that has lines around the block. this stock is going nowhere. i thought i had the next chipotle in my hand. what's the problem? they're bought by berkshire hathaway. >> okay. i think the problem is there is a constant regurgitation of stock. we've seen many sellers of this stock. and it has to do with the way that they did this ridiculous offering. i agree with you. i like port till low very much. i understand the line. but every time this thing gets a head of steam, there is a giant stock that gets priced. here it was 1.8 million shares knocked out long ago. you're dealing with sellers that are in the company who are shareholders, or sellers who are part of the company from the banker. i want portillo to come on and tell us the selling is over.

tell us the stock can go higher and the sellers are done. if they do that, i got to tell you something, you'll see your stock much higher. it has nothing to do with the company. it has everything to do with the big sellers. period and restoring. lucas in minnesota, lucas? >> caller: hey, jim cramer. thank you so much the home game. >> you're kind. you're kind. >> caller: wondering why a small cap restaurant has a mid cap stock price. >> well, look, chipotle is one we liked from the beginning. stock is doing very well. when inflation gets under control, which it will, i hope not because banks collapsing, but because the fed's price hikes are going to play a role. chipotle is going to go much, much higher. it is the best of the best. portiiil's come on and we will embrace you the way i embrace those hot dogs, which are darn good. kind of chicago hot dog.

it's not like a traditional hot dog. certainly not like a cheesesteak. the charge interpreted by larry williams the market has already bottomed for real, and even better, it could be due for a long lasting move higher. quite the time for today. given the fact we've seen the market fall apart. much more "mad money," include ing holding, running up nearly 30% after holdings. could the swiss sportswear giant continue? let's discuss. and regular viewers know my thing towards nvidia. the powerhouse you do not want to miss. and all your calls on tonight's edition of a very scratchy throat "lightning round." stay with cramer. if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee,

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swiss bank may be out, but swiss sneakers are in, the power company best known for running shoes. saw its stock surge 26% yesterday in the wake of a truly tremendous quarter. these guys delivered 91% revenue, a very bullish forecast for the current year and the full year. i think this has become one of the beth growth stories out there. but do not take it from me. earlier today we got the chance to talk with martin hoffman, and his fellow co-ceo mark mallard. take a look. mark and martin, welcome back to "mad money." >> thank you for having us, jim. >> all right. let's start you, mark, it took nike eight years to get to $1 billion when it came public. it took you less than 18 months. how the heck is that possible?

>> i mean, we hear that for the first time. so that's exciting news. but i think it's really possible thanks to an absolutely amazing team that is delivering outstanding products, outside experiences. so our fans, and the way our fans and consumers are appreciating things, the product, the stories that we're creating, it's so much fun. we couldn't be nor proud of what we achieved. >> martin, when i look at the doors you're in, wholesale, just a very, very small fraction of where you can be. but when i look at how -- at your capacity to make more shoes, what's going to happen? you cannot possibly meet the demand that you're seeing right now. >> that's what we try to do, we try to keep the supply below the demand so we don't want to create scarsty. we have brands up significantly on the production side. so we are ready to continue to

grow on the global level. you said we have still a lot of retailers where we are not pressing them and we want to grow into. but we also have so many more markets like china, for example, where we're just at the very beginning, and there is much more to come. >> martin, i'll come back to your cfo too. there are very few companies that have this revenue growth that care about profitability? why do you focus on both instead of just revenue growth? >> maybe call it our swiss dna. we also like to be profitable in the end. and we really want to grow profitable. very much since the very beginning. >> now marc, out of nowhere, your tennis shoe and the people you affiliate are some of the most exciting people in the world. how important are these players who love your stuff? >> yeah, i mean, we just signed because we had world number one tennis player.

and the coming star in the u.s. it's very, very important to us because they are really showing us how much they're appreciating the product. they're helping us in the development of the product. they're very authentic individuals that align with the value and the commission of on. and we couldn't be more excited to have them part of the team and start along-term journey with them, really bringing tennis as a force to the wider organ. >> and here you have children shoes in front of you. you don't necessarily have the big running shoes, why the children's shoes? >> well, we got a lot of letters actually from kids who said hey, i want to wear the same shoes like my parents. when can i do this? and maybe it's the whole expectation has kids their age. so finally the full family. >> but jim, i can tell you, they're selling really, really

fast. for everyone listens, you're better running to your store right now or they're gone. >> like that. i like the competitor spirit. martin, there is something very wrong with your shoes. i have a half does. just the other day i brought this incredible cloud 5 because i happened to own a boat, and this to me looks like a boating shoe. how it is possible you crossed over already from pure athletes to guys like me? >> well, it was very much from the beginning. we have performance. so it's about innovation. but at the same time, we have a very strong design dna, really strong designers that basically create a shoe that feels good and looks good and more shoes as well. >> >> it's true. i like to slip them on. it's too hard to tie my chew shue these days. marc, if i were to go to the region in london, would i be able to get in immediately or would i have to wait in line to buy shoes? >> no, it depends on the act

time of the day. better go there early. we're super happy about the performance of the long leverages just opened. and i hope the next time you go there, you also go there with your wife so we can sell a couple pairs and apparel too. >> she se like imelda marcos from the philippines. she has a full closet of just these shoes. i don't understand it. try one on and i get it. martin, when i look at where nike is, i say i'm going to topple nike. i heard it from reebok, adidas, under armour. nobody seems to be able to topple these guys. do you need to be able to topple them in order to win? >> we are in the journey so far. so we take it step by step. ten years ago we wouldn't have trimmed where we are today. we have still a lot of room for growth. we have a very strong product pipeline. i thought about it. geographical expansion is still

there. we really focus on ourselves. we are looking at the paralympics. really want to end up on the podiums on a couple of races. and then we see where we go from there. >> very exciting. now marc, i've been trying to figure out exactly, because you mentioned it six times, how important it was to go from on dash running.com to on.and a website? >> yeah, so we are a sportswear brand. so we're rooted in running. but we're selling footwear into running into tennis, into all day, and most importantly we're also having an amazing apparel spring. so it was important for us to be on dot com and not just be on running.com. and to really appreciate this, it really has an impact on our traffic, and we're very happy we were able to have this new url and be able to bring to it our fans. >> i can tell you, i think the

company is fantastic. the stock is way undervalued versus the trajectory of both gross margins and sales. the ceo and co-ceo of on holding. on holding is an amazing company. not just an amazing shoe. thank you, gentlemen. >> thank you so much. see you next time. coming up, what's on your mind, cramerica? give us a call. the "lightning round" is storming the nyse, next. power e*trade's easy-to-use tools make complex trading less complicated

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it is time. it's time for the "lightning round." [ buzzer ] and then the "lightning round" is over. are you ready, skee-daddy ta to talk about the "lightning round"? al in illinois, al? >> caller: ba-ba-boo-yah, mr. cramer. >> boo-yah right back at you. >> caller: thanks for all you guys do and your crew for all of us viewers and investors. >> they make me look good every day, especially days like today. what's going on? >> caller: listen, i got a stock for you. reliant steel and aluminum. ticker symbol are f. >> reliance is good. new corp. is better. there is a lot of pressure on the steel companies at this point in the psych. . i want to wait until the group goes lower. luis in illinois? >> caller: hey, jim, taiwan semiconductor. >> i do like this company very much.

that said we have companies like amd. we have companies like nvidia, and i think they have more intellectual firepower, and that's what i want to own. kyle in pennsylvania. kyle? >> caller: boo-yah, jimmy chill. first time long time. love the show. and i hope you live forever. my question is -- >> well. >> what do you think effect gamble willing have on the stock price of the wwe? and do you think it's possible that stone-cold steve austin comes out of retirement for one night only to take the belt next week at wrestlemania? >> well, i have to give him a call after the show. i suggest you buy draftkings. that way you don't have the exposure and i can go get by my belt and put it on and give your man a buzz. we'll get to the bottom of it most certainly. leon? >> caller: boo-yah, professor cramer. >> thank you for that. i have tenure.

blackstone? >> caller: yep. >> blackstone is at 83. i like that. i like that. i think that's good to go. let's go to joe in new jersey. joe in new jersey, joe? >> caller: hello, jim cramer. thank you for having me on. >> happy to be there. >> caller: yes. hey, with the negative earnings per share and the near 52-week low, is prudential financial a buy? >> ah, you know, i'm not recommending. i'm kind of backing away from financials until the crisis is over. it does look very compelling, but it might look compelling lower, which is the problem. let's go to gabe. gabe? >> caller: actor cramer, my bottle signing friend. thoroughly enjoyed yesterday's interview with jenson long. how are you, my friend? >> well, i tell you, i have a

bit of a scratchy throat, otherwise i'm fine. how you, sir? >> caller: yeah, i can hear that. i'm good. jim, last month on "mad money," you showcased this company as one of the top performers in 2023. so bring us up to date on this drug manufacturer called canelin. >> there was a lot of talk that dave was going to buy this. danaher is a charitable trust name. we thought that maybe that acquisition could be good because the stock used to be much higher. the problem is i listen to scott lautner talk to carl icahn about alumina, and it made me think there may be something brewing there. right now i don't want to buy catalent because nothing has been announced. thank you for the kind words. i promise to get my voice back. let's go to john in wisconsin. john?

>> caller: mr. cramer. >> john. >> caller: i want to thank you for entertaining and inspiring young investors like myself. >> well, that's what try to do. i meet people who are older investors, they were younger investors when the show started. >> caller: hey, i hear you're a big philly guy, but dr. j wasn't kind to my beloved amazon stock today. what do you think? >> which stock? >> amazon? amazon? i like amazon. i think the biggest problem with amazon right now is they have to figure out the right tables for employment. but when they do, it's to the moon, alice. and that, ladies and gentlemen, the conclusion of the "lightning round"! [ buzzer ] >> the "lightning round" is sponsored by td ameritrade. coming up, how jenson huang's moment is drawing near, next. it's an entire trading experience.

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i'm obsessed with n video and its ceo jenson. i call him the modern day da vinci, because just like the original, he is ages ahead of his time. nvidia is so fantastic, i named my late pet after it. this is a show about stock.

i find it hard not to endorse the stock of this wondrous company that makes the tech behind ai, including the massively popular chatgpt. it's amazing nobody was really thinking how to harness the stunningly fast machines nvidia created until chatgpt caught on. i watched as the computer painted my request of what a cezanne landscape would look like. not easy for a guy that likes to paint still lives orbs what it would be like to win a shakespeare play. it even mimicked me. i talked to myself, someone that alarmingly sounded like me. but nobody paid attention until chatgpt emerged, and then 150 million people were enthralled in just a few months. now just a few months later, everyone from almost every vertical is trying to figure out how they can use nvidia's technology to make their business better, or else be left behind by others who try it.

jenson yesterday was explosive. he described a code-free world where everyone can ask questions and get answers and put those answers to work. the machines that use the cars are learning constantly. right now not all are as smart as most humans, but that's going to change. and when it does, jenson says we'll be able to ask anything. will we be able to gephardt to it cure-all sorts of cancers? he said not yet. maybe in the future. or how it will be able to make a company nor sustainable? or help regulate or spot unusual activity at a bank and prevent a run before it happens, something no human bank is able to do right now. hey, maybe nvidia could have saved silicon valley bank with a realtime alert system. right now it's next day, which is insanely late. how ai can deem not advertise education. he talks about how these are much better for the environment. but let's bring it all back to what matters, to you, the

investor. nvidia, let's say right now worth $654 billion in market cap. given that all these ideas are on the come and definitely not ready yet, what do you do? that's the trillion dollar question, literally. we don't know what the earnings will be from all the high performance chips they're going to sell. everybody is gushing, including the google, the metas, the microsofts, the oracles, why shouldn't the stock trade higher? if ai keeps taking off, they certainly won't be able to meet the demand any time soon, if at all. i know that bill gates compares ai. i come back and says nobody else comes close to nvidia when it comes to this particular innovation. it's really is unlike intel. intel was the early days of the personal computer. or apple in the early days of the smartphone. those are two inventions where the stock kept rung and running and running. intel ultimately fizzled, but that kept decades. apple is still going. i say own it still and don't

trade it. as for nvidia, the same prescription. own it. don't trade it. or will the stock get striked down. you got my blessing to buy in a weakness and then hold. pretty simple. nvidia is the modern day da vinci will keep there it. i like to say there is always a bull market somewhere. i promise to try to find it for you right here on "mad money." i'm jim cramer. see you tomorrow. "last call" starts now.