money" we have our own davy jones and it happens to be his birthday so i want to give a birthday shoutout >> come on >> that is right back ithn e house. >>e■e■ cramer. my mission is simple, to make you money i'm here to level the playing there is always a bull marketok somewhere, and i promise to help you find it. "mad money"xd■1 starts now.ñi■ >> hey, i'm cramer welcome to "mad money. i'm just trying to make you a little money my job is not just to entertain but educate and teach you.ñ■ call me or tweet me. when the book is written on the

market's performance this month, there will be one loan hero, one company thatç■ launched ralliesn hundreds of good spots, and that savior was none other than the failed silicon valley bank it included today. the dow gained 223 points after jumping 1.2% and the nasdaq u1.7% yep. the useful idiots at th$ the previously smartx■ merp bank set off a domino like catastrophe. we have to thank them for it without the collapse of svb, we might have been hit with a 50 basis rate hike on top of the quarter point we got pv■t week that's how hot this economy remains. and i bet the averages would be substantially lower than they stand right now. instead, weg rally centered around the nasdaq

of alle■ places. it's left."■ buying so manyjf strategists lost in the weeds of something all-knowing. it's called the yield curve. they care so much about the macro, yet, somehowe1ñi■they're always missing the big picture they must be paid by the capital gain nobody can blame the fed for slowing down the rate hikes. until a few weeks ago, we didn't care that sof■ many had taken (■q■losses in th event of rate hikes, which we ç■ got. we didn't have a clue that old-fashionedok bank runs could happen so quickly. who knew that svp wanted their money back all atfñjjtt■becausi■ they hadn't bring able to bring their portfolios public in this market practically overnight, they vanished, leaving legions of

panicked depositors in its wake. their money from the regionals banks and put it in the safest ,■á■ around, jp morgan and ao■ couple others. when you go through the ramifications, they actually en■ up breaking positive, not negative, for much of the stock market all because of the federal reserve. a month ago, the fed was fighting one war, the war against t■o■inflation. suddenly, they needed to worry about bank runs, which are the most denation nar force in e existence. so what happened in the wake ofo silicon death valley first investors dug up the play book of whate■ you can buy when there is an economic slowdown witho3é■+■gh inflation because that's the typical result of a credit crunch. in a sluggish economy, "the wall street journal" says you buy tech not just any tech. youe1 buy tech brimming with ca.

tax thatq■ have sox■ much money, they actually look like banks without alle1 those pesky risksf running a back, credit losses, tellers. that may sound like a weird way to invest, but you know this show is about pulling back the curtains so you can find out what's really going on.ç you need to understand this is truly the way money isñ■m+■■man in this country. the great thing aboutok figuring out which stocks to buy in this scenario is they're already chosen for you yep, you go after the most carrying about boat loads of cash for instance, you go with, of course, apple. today peoplet■ lapped up a laun of apple's buy now pay later service where they launched you■ $50,000 to $1,000 and pay back in installments. the newk(■broke yesterday. see, the real season apple stock keeps■báj■t■higher is because the bears have run out of ammunition at least for the moment. they tried to put thefr■tho■f■ service revenuee1 slowly

that didn't work they even went with the sales hurt by china, something that didn't hold upx■ under close scrutiny any of these stories might have wrecked that stock last year, but this is now a market where apple gets the benefit of the doubt again thanks to the first national bank of dufuses of course, able to put on a good show, too. i■z most reviled man to testify in front of congress, at least if you exclude the bankers, has managed to beef up his tiktok keeler wheels just when congres■ wants to back him by threatening the chinese on t(■iktok. at the same time, zuckerberg is laying off people left and right, which is what this market min

lessq■ youe■ saw this showq■q■ cursory basis, nvidia managed to stealw3■the stage. the banking crisis strucke1 the most fear in the hearts of many a distracted investor. they missed the moment when the man i call thei■ modern day da vinci unleash■i÷ a technology that may be as revolutionary as the cell phone and the internet. one brilliant t■78-minute lectá■ long showed us how ai could be added to the bottom to the likes ofq■ microsoft, ç■adobe, oracle, among so many other companies. the event was tailor-made for them it produced a nasdaq stock b bonanza. that's not it. thexd■three stooges of banking

tend to embolden short sellers a short economy would bring about a hobbled consumer and a weakened housing mark. couldn't resist trying tobt■take advantage of this bank blood i bath they targeted stocks like !■ cintas because isn't business getting weaker, right? isn't that's what's happening? 5% on the s&p. they honed on micron they're squeezed for 7% gain they gunned for lululemon and they gassed forq12%. these are great shorts in theory in "mad money" we're talkingf■ stocks finally, reaching for the stocks of companies they would assume would experience a slowdown in orders from the inevitable

hasn't surfaced yet. caterpillar and illinois tool works that normally get blasted to kingdom come in a slow down now they have too■ upper cut thr losses guys, use a ladder let's not forget salesforce knocking off not one, not two, not three, not four but five activists with a slingshot andw■ some amazing earnings. silicon valley bank just had their oxygen turned off. now i'm not saying these events wouldn't have happened ifok not for the bad bank domino theory, but i think they would have been interpreted differently for certain. viewer techt(■stocks would be getting the benefit of the doubt with a 50 basis rate hike and a few hikem@'■re, which may well have been in the cards without the bank runs. we don't know what lurks in the banking world. people keep shouting that swabe■ is çó■ext. that's one of the most

ill-advised positions i have heard. as i explained earlier this week, it is a good stock first republic, they think that's a resemble to svb i don't know certainly we could come in tomorrow and find the fed grasping at straws there is one thing we know for sure, though this banking crisis has spooked th=d feds. that's allowed all sorts of growth stocks to come back in style on, yes, indeed, the wall street runway. this market may be mindless, but it's got muscle memory that says you reach for tech in a slowdown thee1 silicone1 valley■■ bank fo was just the oxygen that tech needed to snap out of its funk and get back in time to getting what's looking to be the three months that fooled the world dale in kentucky dale. >>o■ thanks for taking my call. >> my pleasure what's going on? >> hey, i got a question for

you. i'm investing in a company that i know they did a lot to reduce carbon emissions in hospitals and schools and factories and stuff. >> i will give them a two for. that wasn't just one i gave you two how about zimmy ino■ florida.q zimmy? >> mr. cramer, what's happening? >> not much. what about you >> not much. just living life in florida. >> you have to rub it in he has to rub ite■x■ in. he's in florida. i'm here in new york.l what's up? >> yeah.e■ i got in at tesla at probably about $30 a share, and given that our boy jerome powell is looking likm3■he will cut rates later due to ae■ recession, is time now to sell teslq >> no. no let's say -- the one thing that's great about this,w■ we don't need jay to make money

áum:■t■u■3■elon,e1 and elon i great and real i saw a launch it's mind blowing. it is one of the greatest things i have ever done.x let's go to paul in texas. paul >> ñi■oo-yeah, jim i would like to discuss synh now, i know we shouldn't buy a stock for a takeover r this one is really interesting. ñ■ about o■it >> because i say thatçó■only because it's like i myself have to do something about it i don't understand how this stock could be so cheap. usually whenç■ there is somethi thisj■ cheap, it means there is story behind it. so we h come back and we will learn what's really going on all right. when it is all said and done, e flow of siliconu valley bank may play down as the market's saving grace.i and not a moment too soon. the macy's qeo plans to retire

in february of next year i'm learning more about the company's recession plan with the man himself. i had a chance to talk about cnbc's health and wellness o conference and paychecks has its finger on the pulse. where does this corner of our economy stand with regional mission to tame inflation? on a■ i will give you the details with the ceo. so stay with cramer. d8m. follow on twitter. have a question? tweet cramer send jim an e-mail to f■ madmoney@cnbc.com. or ó■■ive us a call at u 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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this morning the chair and and ceo of macy'sw3■announced he was stepping down in february of nep■ year and handing over his position to tony sprint who currently runsi■ bloomingdale's m macy's was crushed under a heavy debt load. then covid hit stores had to shut dowo, but macy's got through it. not only that, they had a turn-around plan and came out of theok pandemic much stronger th they were when they went into it we still got some time before the transition we know what is happening here i check in&■h the chairman andñ■ ceo of macy's. welcome back to "mad money."

>> great to be with you, jim thanks for having me. >> jeff,i■ look,q■ it's bitters. he, but i think you have done an amazing job and you got the place to where it's ready to soar i can only ask why leave why? why now? >> i think that's exactly as you described it, because it isu ready for me to hand it off. you know, i'm a 40-year veteran of this company, so just know that i wasn't going to hahn it offi]÷ñ until the company was ry and until the talent was ready look, i worked with the board of directors forxd■this on#d■=■ yes ■od external candidates, and we landed on tony as our ceo-elect and with a dual promotion of adrian mitchell as our chief operating officer in addition to what he's donem/o■.■th cfo.x so we can talk about each of those decisions. but i'm very excited about the talent that will take macy'se■ back to profitable growth in '24

and beyond. >> i love bloomingdales. we joke about it off camera, but the numbers are good therehj÷5]o you think? >> yeah. tony has been with bloomingdale's his entire career he is an innovator for thej■ customer he is axd■brand builder. and this is guye1 is a great te leader what he's been able to orchestrate with the brand has been extraordinary if youe■ just look at u■■■12022 took market share from his luxury, you know, of the luxury neighborhood he basically had thee■ peak vole year&■%■ ■]bloomingdale's histo, orchestrated the 150tho■ anniversary, bringing in new customers, retaining the existing ones to new spend levels also over the last year and a half, tony was running -- he was at blue mercury, and he was over seeing what the new ceo has been doing, picking up bige1 shoes

left, the founders, and that is now one■ new growth territory. the other thing for the past three years, he's been a corporate officer ofq macy's so we've been right in thee■x■ trenches with m■i■and my senior team really divining where polaris is going to go, new growthx■ vectors this guy will hitxd■the ground running. very excited about tony's leadership and his potential running all of macy's. >> you had so many greatl■ initiatives. ó=u■■mentioned the polaris strategy you have condone so much to make sure the footing is great. what do you want your legacy to be >> you know, the teams that i haveo■ created, the strategies that are in play, the new customers that we are going to %iñ■that's . look over my -- i guess that's my left shoulder our platform for social purpose. so you know myx■ personal story. so, you know, being -- coming

out, you know, very early in my career and being in a culture like macy's, which its dna is all aboute1 this diverse stew of cultures that we have in this culture and really to put teeth behind that. and what mission everyone didçó■ with the $5 billion strategy that we launched last year, we're well on our way to improve the planet what we're doing for communities, what we're doing for our colleagues and our customers, it's been one of my proudest moments to take our care values at macy's and to really put teeth a de and i strategy that wille1 make a difference. that's what i'm most proud of. >> i think of you as someone at the heart of business being the greatest force for social change and unity in this country. will you be able to continue >> so this is what■■ i -- this what i said to my husband, that i wasn't going to make any decisions until after i retired.

what i am looking forward■(■to, i've got ten more months, and i am soçó■committed that with the steering wheel in my hands of being ceo and chairman of ensuring that this is a very smooth transition. and i know that i'm going to come around thinking about what chapter two is nothing to report today. i do know i will spend more time with my family my daughter is graduating +p"■llege in a couple of months. my husband has been retired for a bit. so i'm going to enjoy that but i will do something else i don't know what that is yet. you will be one of the first i will tell, though. >> ie■ sure hope so. i enjoyed our friendship so great. the first time i had down with e you, you said i worry aboute1 t balance sheet.w■ i was thinking when i heard that you wanted to come on today, i piece of paper that is annoying you for a couple years out you pay it back. i did not know that it was going tqew6■ime for you to set sail. but i want to tell you, i think that blue mercury and

could be the stars for the next five years how do you advance them so that people realize how incredibly unique they are as retail profits? >> so you see what we're doing so obviously we have a brick and mortar strategy that includes off formats with bloomingdale's. you see what we've done with our website. wet■ doub■ last three years tony's leadership on that. we'rei] bringing in new brands l the 5■■■ime. that has5■■■lots ofi] potential. think about 50 majors in country. we have a lot of opportunity to continue to put downu■■■flags, which spins challenge business, stronger digital penetration.atg lots of ambition there tó[■ door, it's profitable. almost in the first year virtually every one of them. that's an amazinge1 formula. a luxury beauty. what we have in terms of a service culture there, this÷ñ

curated level of brands both in color treatment as well as home fragrances, whatt■utq■ do with r spa sehñ.■ces. huge opportunities to continue to expand that that's what gets us excited about tony's leadership, his ability to influence that5a■ on macy's you mention the balance sheet. just underline the strength we have with adrian what he's been able to do with e!%s this is a great one-two punch that we are going to be handing over, you know, this year and going into '24 and beyond. >> well, i amt(■thrilled for you i did fear wistfulness because i know how much you love macy's. >> i do. >> i know how much you love your job, but you also have your priorities right i want to congratulate you for everything you have done for all the people that work at macy's and of course for all the very satisfied customers chairman and ceo of macy's, always great to see you, sir thank you. >> thank you, jim.

>> "mad money" will be back after this. coming up, many healthy returns to you cl cramer dons the scrubs for cnbc's annual gathering you won't want to miss when we return [ ominous music playing ] [ engines revving ] here we go! ♪ ♪ i count on personalized financial advice from my ameriprise advisor. she knows my goals and can help me reach them with confidence. the markets may fluctuate but you're still on track. more than 9 out of 10 clients are likely to recommend us. ameriprise financial. (gentle music) more t- [narrator] thinkients areabout a child you love..

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- especially when it comes to your finances. - are you a certified financial planner™? - i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. its annual healthy return summi■ featuring gatherings of industry leaders in bio forma and medica■ care i got to speak with glaxo smith klein that's been through ag4i@c drastic transformation under her leadership take a look. as always, great to see you. cua company that actually, literally, when you tookb■■■it e

i felt like was catching dogs. but now you are addressing the i don't want to just limit it to rsv. you have a strategy for the prevention5■■■and treatment of diseases thati] previously we h nothing for. >> thank you so much for having me on today. it is an exciting day and time for the industry and certainly, as you say, for gsk. i mean, we have been through quite a5a■ radical transformati as a company over the last five years. we're now pure play and as you said a major demerger and focused on getting ahead of disease, literally by preventing it and treating it that is really taking advantage of this explosion inñ■ technologies,qnew vaccines technologies that we have seen of course mrna but new emerging■ technologies, which we think will contribute later in the

decade but also thisi] great phenomenaf adult vaccinati+1■ preventinñ disease is always better or intervening earlier in disease but preventing it before it starts is always better for individual patients, for their heavy burden ontñ health care, budgets, but alsolp systems and keeping people out of hospitals. i think the x■cdc says there ara million hospitalizations in america alone from vaccineñ■ preventable diseases. >> let's talk about that onefá of the thingk■ that i find bus is awareness i mean, for ñ■instance, i have friends who have shingles. 9■ they will not know about your new vaccine. evolutionary to revolutionary you have become and the system itselfç■ doesn't know about the things. >> well, it is a great point

in three of us will get shingles extremely painful.÷■(t■that's wd our business grew. over three billion pounds' worth of business and we expect to keep going strongly again this year and for the years ahead three years ago,e■ if you would have asked theñ■k general publi you know, have you heard of e■r, what is rsv, i think people would have really struggled toe■ be aware of it but just this last season, you heard a lot more public information, actually about, you know, a tripledemic through the winter, whetherlp that be ongoi covid. obviously flu. but also rsv )3eq=■■hear, awareness now is uo over 50% in, you know, many parts of the general public, also withe1 prescribers very

importantly and with pharmacies and retail we are seeing that growing.i]■@■ right now magic johnson is out communicating on thee■ general disease awareness campaign to sideline rsv so@$á thinke1 this is something we're very thoughtful about, but also communicating with responsibiuu+hp'■ transpardm■y va■ so, you know, where you're absolutely right is in many ways vaccination is a consumer product. communicate very clearly on the benefits that can come from, yo■ know, stopping these diseases before they start. >> well, in this way i thought that covid was actually -- no to equate money with disease, but it was a boom for you. i founde1 about it the shingles vaccine when i went to ge"k my covid vaccina÷o■ until then, i just said, well, i don't know i hear about it.

i guess it's good. i mean, you have gotten people into the drugstores. they're now part of your effort tow■ make it so that more people live. >> well, that's absolutely right. and it is interesting. ô7 if you have suffered from covid, your propensity with a weakened immune system to develop shingles goes up but i think what's key in this is exactly the point you just referred to, which is whether it be because the e■eral public has got used to and understands the benefits of vaccination or, frankly, the retailers have set up the systems andw■ the data t you know, access patients that particularly traffic in their stores is really important to continue to protect the general public and keep them out of hospitals so they know associated costs but also the burden of diseases that can develop, too so lots of opportunity ahead. >> one of the things i love about your administration, the company, you are notq■ afraid to

fail i mean, you are takinge■ on this the bacteria is beating us people know that we think that the bacteria that there is resistance and to me resistance can't be beaten not you. an illness that millions of people suffer for. i'm not just going to say, hey,■ listen, we lost this battle. i will go take it on. >ñh you know, and aok lot of people, this is really5■■■foundationally important. a lot ofu■■■people refer to amr, antimicrobial resistanceo■ as t slow resistance. dep new5a■ antibiotics, the assessmt are that ten million people a year ■ñde■ be dying by 2050 and by diseases now wee■ are6■■■reay

used to treating with antibiotics but where resistance is building. we were absolutely delighted, whether that be in our home grownfá portfolio. that's hopefully going to be a new and excitingt■ launch for a very common problem of utis,h■■■ urinary tract infections whichu■ resistanceu■■■can be quite high. it will be the first newf■ antibiotics for many decades in this disease, which will help address this and we stop that clinical trials for efficacy early.e you referred to ite■ earlier with -- for a newñr■asset, for more complicated infections. and we continue to be very thoughtful about investment e■ here. >> well, ceo of ñ■f■ç■gsk, you a (■■■rific spokesperson thank you so much. coming vmnup, inflation, cha

and fed hikes, oh, my. for a bird's eye view of the f economy, count on paychecks. next you'll always remember buying your first car. and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence.

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everybody is worried about wage inflation and maybe they should keep worries. we got results from paychecks fromv human resources outsourcer, mostly focused on medium-sized businesses raised numbers for theb■■■fiscal year which ends in may and gave you an encouraging forecast5a■ r the next fiscal year which starts in june the stock jumped 6.5% in part because it pulled back pretty hard going into the h■■■uarter people were thinking maybe this

is the slowing.5a■ it's not let's take a closer look with john learn more about the quarter mr. gibson, welcomenb■ back toud money. >> jim, it's great to be back with you. >> well, i'll tell you, we need you. confusing moments i have ever seen in business.ñ we've got a national banking system everybody is worried about. we have a fed that keepsu■■■rain rates. then i look at your numbers, and it is almost asñr■if it is just terrific time for small and 5■■■ medium-sized bids businesses in this country >> you're right, jim we just reported our third ht■ quarter. we beat revenue and earnings5■■■ estimates.q■ we our value proposition we talked about the last couple quarters it continues to resonate in the market i really think the market is seeingl■ the value of a company like5■■■[■ paychecks as a stabl trusted adviser int■ challenging times. and that's really helping us. >> well, i think people have to

realize that the government keeps giving things that you need your help çó■n. for instance, in the conference for instance, in the conference call, i sawei■q■secure act 2 i said, well, i don't know anything about secure act 2. but i've got to know about that. the only way you would know about it is through paychecks. >> that's correct. you know, the advisory services that we're providing you and th education we'relp providing on government programs is one of the key reasons why i think you are seeing us have recorde1 revenue retention because what we're doing is having an impact to ourñ■ clients the secure act 2 most peopvex■ aren't aware of.e■ if you don't have a 401(k) plan, you can come tolp paychecks, stt a plan and all of the startup costsñ■ ■ administrative costs will be covered through tax credits and you can give each one of your employers $1,000 match and in many cases, you wille1 g that back as well. >> it's still difficult to keep we are not in a situation yet where there is just a lot of

people looking for jobs. >> you're absolutely right, jim. look, we have a significant labor participation challenge m■ need to eaddress. and when you are a small or medium-sized business, you have to compete against employers offering all these benefits. i applaud the government, the president and congress for signing this secure act 2. i think the employer, ertc, a program that the tax credits is also another good way tof■ suppt main street small business owners. >> jeff, i have to tell you, if i was a small business person with a company that had, say, $800,000 in a bank that's insured for x■$250,000 and you have a lot of customers that i think are like that,ñ■ i know i would call paychecks and say, am i safe with this bank?ñ■ what are you advising people who do have small businesses that hav $250,000 insurance

) rj important that everybody understands you shouldn't have all your eggs in one basket. and i certainly think that's good advice for everyone.q what recently happened, we had no impact at all, no cash, no investments in any of the banks that were impacted we met all of our obligations. and quite frankly, we're telling clients that they need to be with stable providers that have access to a multitude of different funding mechanisms in these challenging times. because you work with so many small and local business, there is a reason why you stayt■ with these banks. not everybody putting theirñr■f money with jp morgan it helps them to be able to hire and have a steady workforce, correct? >> there is no question about it and one of my -- one of my bigger concerns here that i think will have to be addressed is, you know, we already had rising interest rates. and that was increasing the cos■ of capital now

potentially have a regionale1 bk start tot■ constricti■ access to capital, ande■ that's not good r small busib)■ owners. one of the things i keep telling people, i think there is two differ worg with right now one is main street small business owners and silicon valley and they are two different groups of individuals. small --o■ main street small business owners weren't outçzd spending money like there was no they weren't overpaying people they weren't overhiring. they weren't hiring and paying too much they're5a■ trying to make payro each and every day i think we have two different things that are happening. we have a bubble that's burst by easy money chasing technology companies, and i think policymakers need to be stepping in to make sure that there is access to capital for the main street small business owner who didn't have all these benefits of the tech bubble. >> well, there is an irony there. you have hard working people trying to make a living, build up business that's obviously the ]ñq)(■áj■ our country, small and medim 5as

you have a group of people, f1 o all, but many of them are billionaires i don't want to say it, but it seems like in many ways, they wrecked it for everybody else. >> well, look, jim, i think the key thing for policymakers is t■ recognize they're managing a need toe1 look at. there is two things going on in my 5a■ñ■9opinion the wagex■ inflation is driven r by the supply. we need to incentivize people to get to work. we need to do more to increase the laborlp participation rate that's going to increase the supply of labor. that will reduce the wage inflation issues that i think the fed is trying to tackle. and then, as we just talked about on the banking side, diversification is the key for everybody. and i certainly hope that what happened in a couple situations doesn't trickle down and hurt the main street small business owner. and i think the government regulators need to be very sensitive to that when they're ■(%

>> also just inñi■terms of the country, we have some regions that are just red hot. i see them in housing. i'm sure you are seeing it in jobs what are the regions where it is just smoking outñ■ there >> well, look. look, jim, there is nou■■■questn that job growth -- let's look on the macro side so in january and february, our job index, which has been axd■gd indicator of small business growth,_ñ■(■actually went up bof those months we have not seen that for somef■ period of time, so there is still strong growth. when you get under t(■hat, the south has clearly been the winner the south has continued to lead the index there. think texas. think florida. almost all regions of the south. when we look at any type of weakness, the west ande■e■ port of the fánortheast. >> look, it is a remarkable two countries. it sure feels like we've got them right now

john gibson, thank you for >> jim, it is a pleasure to be with you. >> "mad money" will be right back. coming up, what's on your mind give us a call the lightening round is stormin■ the nyse next.t■ the promise of america is freedom, equality, but right now, those pillars of our democracy are fragile and our rights are under attack. reproductive rights, voting rights, the right to make your own choices and to have your voice heard. we must act now to restore and protect these freedoms for us and for the future, and we can't do it without you. we are the american civil liberties union. will you join us? call or go online to my aclu.org

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lightening round is sponsored by td l■u■■■meritrade■ >> it is time for thexd■lighten■ round. and then the lightening round is over are youd ready george in texas. george >> caller: hey, jimbo.

ñ■ie how about you? >> caller: great hey, i wanted to ask what you thought aboutu c-3 ai. do i trade it? >>u■■■1 that's nice. if i want to be in ai, i am5/ going to be in nvidia because they make money and they can'tfo fill all their orders. let's go to susan in rhode island. >> thanks for taking myfá o■call my father watched yourñ■ show. several months ago, i thought 50 shares of cv emergency should i hold on to it or buy more >> we have marathon pete putting up great numbers it was recommended by goldman sachs today. i would tell yours and go into e mine how about jared in texas. >> caller: hey, jim. big boo-yeahi■ from texas. >> what's goinge1 on >> caller: took a position in amdfá last year and sold off

are you thinking it will go bac■ up to 110, 120 >> i like the position they're in i was conscious of the fact that not all the amds -- it is not hitting on all cylinders right now. but when it does, i seee1 120. i say stay off let's go to l■trey in texas. >> caller:+■■■let's talk booze allençó■ó■ó■hamilton.x bah, baby. >> just açó■i■very good, undervd company. i liked it from the day it came public i want you to stay on it trav in massachusetts? >> caller: hi, jim suburbanw■x■ç■ propane, sph. >> i don't like the propane ñ■ business it's way too volatile. i would rather see you in enterprise partners because that's much more e1consistent. s■1r upgrade.e■

let's go to chuck in georgia. how are you, buddy >> i am doing well how about you? what's happening >> caller: hey, man. not a lot. hey, jim i'm big on data, man.çó■ i want to go long foz■1 data anybody, you know, dealing in e■ data anything data storage?e■ that's what really i'm looking to do. >> yourxd■data, you're ae■ data. hoo■bout a stock i'm a data guy, man. withoute1 a doubt. saturday the parking lot is employee cars. i like seeing people working on saturdays, jim and this company isq-- i looked them up. they got $4 billion in customer backlogs. >> okay. >> caller: $6 billion -- >> what stock is that with the parking lot filled what stock is that there >> caller: 17% revenue growth, jim. >> okay.

>> caller: i mean, the company you had -- >> all right a compelling story i just need the stock name >> they have been missing a bunch. they got to raise theñi■prices.x they got to raise pricese■ becae they have not been able to keep up with the cost ofe1 production and that is the conclusion of the lightening round the lightening round is sponsored by td ameritrade and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. (vo) this is more than just a building. ♪♪♪ it's billion-dollar views. perfectly located. an inspiration.

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yoa lesson management because this is one of those types when big money makes big decisions. we got results from micron, and it hit thex■ trifecta. hideous revenuee1 short fall huge forecast cuts.ñ wall street's reaction, eureka ti-■ to buy maybe you think you are supposed to sell a stock when the quarter is that bad but not with something named micron they fluctuate wildly on price depending one■e■ supply and l■dd at various times there is indeed a madxd■dash for these chipping because their end markets get so

hot. the demand wase■ off the chart r pcs. they're u■÷■9 chips for all sorts ofe@ equipment. anything, anything so did, by the way,ñi■arch rival am samsung. once we came out of the pandemic, demand hit a xd■all. and then it crashedr formula 1 care1 into a retaining barrier. for micron it was devastating, the worst downturn in 13e■ years worse that samsung was far more willing to maintain high levels of production to take unprofitable market share. stopped. quarter, even samsung t that's really all you need to know pulling back fromñi■production the same time, history tell us we are at the bottom of pricing. we can't know exactly when that moment will come but money managers know they have to start buying now in

stock dropped 7% in that e quarter. simple if theye1 get it right, the payf is gigantic. like a horse that looks like a long shot but should uo■ up to one. consider the returns when you get in right around the bottom in 2008, the stock played down1, losing 63% of its value. but when the market firste1 chi went into next year, it rallied 300% in 2011, micron fell 21% on the small.ñ■ flat for a year(d the glut was worked through after that it worked 243%. in 2013, there was interest and you couldn't stop 2013 stocke1 rallied in 2015 and 87%n 2017o■k■ when the glut was done. or look at it another way. micron was the 17th best performer. next year fell to 469.

then the business bounced back, which is how it was the 17th best in 2017 before falling back to the 379th place when we got another semiconductor glut in 2018 that's what happens for the bloom and bust business. that's why micron looks so compelling downi] here because sure looks like the bottom is at hand last year they came in at 466 o)l■ of 500 stocks in the s&p in terms of performance every product line had glut. after last night, though, and knowing the main competitor samsung has finally blinked, memory chip businessi■ cant■ re to e librium if that's the case, you have to -- >> buy, buy, buy, buy! >> right now hand over fist. if you wait, you might miss the bottom,v manager needs to by5a■q■ milliof shares to make a difference to

your portfolio that's howl■ micron canu reportn of the leveling quarters i have seen in ages and the big money micron name of the product, headed for the pull position.q they're playing first call don't be late. the micron derby begins and elon musk, steve wozniak and andrew wang demanding a pause in the a irace. first a long time foe and in a late breaking development he may have gotten the upper hand on florida governor ron desantis. a disney insider