upside call. >> mike khouw. >> i like starbucks going into earnings it's a stock that we own, and i think if you don't own it, one way you could play to the long side is with call spreads. >> that does it for us see you back friday. "mad money" with jim cramer starts right now my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome. trying to make a little money. my job is not just to entertain but to educate and teach you call me at 1-800-743-cnbc or tweet me @jimkraimer >> months where the market just guts and gaffes you -- and then

you get the buying moments like this one where the market rallied and rallied hard for a second day in a row. the dow gained 270 points. the s&p jumped 0.83. and the nasdaq 0.69% you remember why you bothered with stocks in the first place moments like these usually come when so many people have given up and there's almost no one left to sell bull markets are built on the backs of skeptics who reluctantly turn positive and become the fuel for the next move higher. and that's where we are right now. the yield curve, the fed, the only things that mattered and the earnings season shows these all to be intellectually naked the void of rigor about to be washed away by the positive tide and i love it. the bears know this. the bears are still mad, and still had their day and probably

monday, when we find it out, but the first republic story, we kind of expect something is going to happen, that is big this weekend, maybe tonight and i think it will be seized by the fdic and you will come in and the stock will be a zero although it might be open next week if someone else is batting it and find a buyer but i don't think there will be a ton of negative pin action because the collapse of first republic could mark the end of the mini banking crisis that started in march the banks would rally with the air finally clearing, and some tried to rally today the bears are still going to cling to the negative story. that's what they do for a living they will try to scare you out of stocks as they did for so long i think getting this entire saga behind us will be very good for the market not bad. hey, tuesday, we get big guns and in the morning, we hear from pfizer, a stock with a terrible covid hangover i don't know what they can say other than buying seagen for 43 billion, and yes, we used to profile it all the time, to build out an anti-cancer franchise. pfizer needs it because the

street face is a has-about with the pandemic in the rearview mirror the chief spokesperson for the american migraine foundation, i wonder when will pfizer get behind nerve tech in a big way, the wonder drug they got from a merger and three fantastic industries these are cummins for engines. eaton for electrics. and the vast panoply of different industrial things, we might think of them as old-fa old-fashioned metal benders but they could all have three good stories to tell about the businesses and they could tell you bad stories about the business environment after the close of the earnings, you have ford, and amd and starbucks three stocks we look at the cnbc investing club steady as she goes story from starbucks, where we hope to hear

from the ceo who frankly has been remarkably quiet since taking over. we need to hear from him we need to know his vision we need to know where the company is going he's got to meet the press and the analysts and tell us what the heck is happening. uber reports, too. it seems to be positive as the company is frantic about getting profitable it could move the stock higher wednesday we start the day with two household names. cvs and yum brands the latter being kfc, pizza hut and taco bell. cvs has a terrible covid hangover and i think yum will give us another upside surprise. it is almost like clock work with that earnings machine and then that afternoon, we have the big bad fed meeting. and everybody is going to be worried about that so now the woe is me situation i can hear the bear narrative by the way. they will tighten after the first republic debacle, are they crazy, isn't that scary? no, they're not crazy. and i'm going to let the bears in for a secret right now. when you're in this phase of the market, all you want is what is

supposed to happen no surprises and that's what people get from the fed. no surprises i'm not being otherwise, we need to have jay powell saying he is raising interest rates consistently and what he will do if the situation warrants and otherwise we will wait to see what the next rate hike does for the economy. i think powell will win here soft landing for everything but wage growth and rent i expect rents to be intractable, no fault of the feds, it is tough for homeowners to borrow money with the silicon valley bank disaster that has the regionals afraid and you can't get everything on the right on the way to a soft landing. we don't want a airline party for heavens sake thursday, interesting companies in the morning kellogg is splitting itself up i think that will create a ton of value watch that one i would go further i would say i would get in ahead of the quarter because the packaged food plays are hot, hot, hot more on that later now i like pg&e.

that's the growth utility from california we've watched this one creep up and up as the market digests the divestiture of the shares owned by the fire victim trust that was the large ownership position in pg&e, as compensation for damages caused by the giant california wildfires, and it's slowly but surely selling off its position, which is why, as everybody gets closer to finishing, the stock goes higher. and then the door dash report, i expect them to show a profit as they pivot from the red to the black after the market got sick of money losing companies and stopped funding them critical and also controversy. we have coinbase the combative crypto exchange is in a brutal battle with the s.e.c. and what constitutes a security. if bitcoin for example is a security, and the s.e.c. could regulate it, and suddenly coin base and its followers simply won't stand for it i predict fireworks. as the company recently sued the s.e.c., trying to force it to rule on the matter maybe that's the dumbest thing i've ever seen because if you're running a

publicly-traded company, don't antagonize the s.e.c they're a regulator, for heaven's sake. what a nightmare we have the most important quarter of the week and that is from apple i believe apple has a brand new story to tell. people aren't thinking about it enough it is called sales in india. india will soon reveal itself as the best market in the world a whole country where everyone wants or has a 5 g phone and i believe apple will be the most popular phone among the wealthier masses within the next few years. 1.4 billion people, young people, too, you can have an awful lot of buyers. this is a new narrative that will apple get off the china treadmill that we're sick of other than that, this is an important quarter for these guys as i said, with the fed, no surprise, in this kind of tape, it is a good surprise. and finally on friday, two entertainment companies that i find as entertaining as what they produce warner brothers discovery and amc. i got to tell you, this is, without a doubt, these are two companies the most challenged companies when it comes to

balance sheets now, i know you're probably worried about balance sheets but that doesn't mean these will be boring stocks or boring talks. warner brothers and amc are some of the most, two of the most compelling ceos out there. i have no idea how amc can tell much of a growth story unless super mario is still going strong this weekend. warner brothers, comcast reported yesterday, we didn't get that good of a feel for the cord cutters when you cut the cord, you hurt this company's bottom line i think it will be a big issue as will advertising. because i keep hearing about more and more money leaving tv, and going to the web and zaslov knows debt must be paid down and he is a seasoned enough ceo to make it afternoon. bottom line. after the last couple of days, where we could rally on joyous earnings news, next week we're back to hearing constantly about the fed and how the fed is going to bring us down even as we have some very importantquarters coming that think once again will surprise, to the upside.

smitty, north carolina smitty >> jimmy chill. >> the chill's in the house. >> long time original club member. >> yes the club rocks, man. we have some good ones this week what's happening >> yes, i spoke to you about three months ago regarding constellation brand, possibly walking away from canopy growth. and you said to me that you thought we would be fine because it was long term my question to you is i am getting crushed on canopy. do you recommend that i buy down - >> no i don't want you to buy down but i will tell you jeff marks and i talked a lot today, of course, he is my dopleganger, and we like the way constellation brands trades and we thought it is, why did they spend so much money on canopy. they did do that canopy, i don't have a lot of faith in i do have faith in constellation brands they had a great quarter nobody seemed to care. i don't think that can last long i think the stock is a buy alexander in georgia alexander? >> mr. cramer.

>> alexander. >> great to speak with you i want to gauge your wisdom on a company in a fragmented industry cal-maine foods. what are your thoughts >> it is a firecracker every time i look at stock, it is up huge or down huge and when i see that big of a yield, it says to me there is trouble ahead but there hasn't been trouble behind i will stay away let's go to sam in colorado. sam? >> jim, how are you? >> how are you >> i'm all right with record to johnson & johnson with the consumer health products division, there is only a handful of companies in the world that have a aaa credit rating that are the u.s. government, and one of those companies is johnson & johnson, and the chief reason for that triple a credit rating is because of the fact that the consumer health position is what funds the pharmaceutical discovery unit

my question is, is it johnson & johnson, as it thins out the consumer products division, will that affect their stability and credit rating moving forward >> see, that is a great question johnson & johnson assured me i should not worry about that. but i too have been worried because i love that steady eddie business now that business has occupied a huge amount of time as a ceo, and i do think it is a spinoff that people will like it i'm not as worried just because, what i care about is getting the cal cases behind them and if that happens, this stock goes to 180 in a heartbeat despite the positive steps we took this week, we have to stay focused on the fed, because the bears are going to keep us concentrated on that and then we also have an onslaught of earnings. don't forget apple is next week. more tonight, earnings, the real red hot stock, that is rock wall automation and the top brass and then there is a lot of headlines out there about the lithium, and i have a change of heart coming here, and you called in and asked about a stock that i find a bit

intriguing, that is hot, hot, hot, so i'm turning my homework on the mystery name, to see if it is an under the radar way to play the robotics space. so stay with cramer! >> don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer #madtweets send jim an email to "mad money"@cnbc.com. or give us a call, at 1-800-743-cnbc >> miss meinsothg? head to mad money.cnbc.com moneym

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if we learned anything during the pandemic, it's that globalization is not a panacea

maybe even a liability whee so many supply chain disruptions the last couple of years, they're out of control, resulting in shortages and higher prices for all sorts of stuff. but there is a silver lining, a positive outcome, because rather than offshoring many companies are now reshoring, moving manufacturing back to the united states, because there is a world wide supply chain seems to risky. how can american manufacturers compete with companies with much lower automation costs automation rock wall oat mation the industrial automation space, they have an excellent quarter, 27% organic growth and looking for 18%. the company also raised its full year forecast, which is why the stock jumped justifiably, i think, nearly 5% yesterday that is something, 20% from the late highs in 2021, and so it could have owned the run don't cake it from -- take it from me. we will talk to the chairman of rockwell automation. welcome to "mad money." >> great to be back. >> i was reading your eighth

annual statement of manufacturing tand is incredible there are companies that are suddenly discovering, we got to get into ai, machine learning, i have to tell you, i give you, because i said, what other company could you call in this country that actually knows how to use that technology to reassure, to make new plants, and so what are they saying to you? i don't know if they know what ai and machine learning can really do for them >> well, there's a profound opportunity to increase the efficiency and the throughput and the speed in plants across all of the different types of manufacturing in the u.s., and everything from just connecting the existing machinery, to applying artificial intelligence, so that the machines can actually improve in their performance over time, to be more fault tolerant, there's just a world of opportunity that's out there >> well, can we then stop talking about how expensive it is to make things here and inexpensive over, there because to me, if we bring you in, we

get things automated from the get-go, i can't see how it can be that much more suspensive to make things here than it can be in taiwan or china >> jim, i couldn't agree more. rockwall does a lot of our manufacturing right in the u. u.s. and we think the winning hand is basically the application of the advanced technology within an engaged and enabled work force and those two things together, you know, can take on all commerce >> it seems like also, looking at the spike in organic growth you have in europe, that they figured out that they got to bring in rock well too i know you guys have been the premiere company in our country and a feather in your cap, europe discovered that they need you very much. >> well, we've been happy with the gains in europe, and you know, a lot of those machine builders are exporting their equipment all over the world, including back to the u.s. but we're growing in europe through organic and inorganic means, with some of our recent

acquisitions >> well, i also think people have to understand, it's not just autos, which you use that $9 billion worth of orders wut there is a food and beverage order that you got that was guy gantic they need to be automated, too >> yes, we are very proud of what we do, in food and beverage it is our single largest vertical market. and this last quarter, we had a really nice win. anheuser-busch inbev that is using our plex software to help their evergreen business be more efficient and get their product to market faster >> well, i look at that, when we look at these pictures of these factories that are, whether they're making cookies, whether they're making beer, whether they're making soda, it just seem likes there are only a few people in the factory making sure the machines work what do you do, what did you do in those factories to make it so they work so smoothly? >> well, it is really, if you think about the conductor of the

symphony, in a sense, in a factory, whether it is making cars, or packaging food, or helping with new forms of energy, it is really bringing all of the various pieces of the equipment together, and having them work in concert to be able to maximize the output, and to be able to have the flexibility to produce a lot of different products you know, that's really the name of the game in the consumer package goods industry, is to be able to customize the products to be able to reduce to almost zero the setup time, as you run one sku to the next. >> that's what we need to be able to stay competitive to stay competitive, we have this chips act i suspect you will play amajor role one of the things that you can talk about when people just try to figure out in their minds what you do, independent cart technology, this is not wheelbarrows, this is something more sophisticated than wheelbarrows, sir. >> it is independent cart technology is proven to be one of our fastest-growing product lines,

not just for semiconductors but for food packaging and for packaging medicines and things like that, automotive for assembling batteries, but specifically, the use of independent cart technology has really started to take off in wafer transport within the fab so when you start with the basic wafer that is kind of the building block for creating semiconductor chips, to be able to increase the efficiency in those fabs, to reduce the amount of time that material is manually carted from one place to the other, independent cart technology is very helpful, and we have a solution that is second to none >> just to go to financials, i saw this free cash flow explosion. and i thought that that may have been what can drive it yesterday, and describe to people, there are some people, there are some people who are telling me, jim, you're too hard on these guys, they don't generate a lot of free cash, that is no longer the case, you always made a lot of money but

the free cash flow number was really a big step function for you. >> we made good progress in the quarter and it is on our way to 95% free cash flow conversion for the year, which we think is a good number. >> i think it is going to be excellent. and still makes me think that your stock has a lot more room to run certainly back to, you know, back 20%, you're still down 20% from the highs i don't understand that. you've got the best business i've ever seen you have. >> look, we're going to focus on the results, so we've got lots of room to add additional value for customers, with our new and our existing solutions, so i'm looking forward to the year ahead. >> well, so am i i want to thank blake moret the chairman and ceo of rockwell automation and will get better when the chips act really kicks in. "mad money" back after the break. coming up, can lithium stocks offer you -- find out next

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for the first time in a long time, we need to talk about the lithium stocks this is a group that caught fire in 2020 and 2021, because you need tons of lithiums to make the batteries in electrical vehicles but they largely collapsed when the fed declared war on inflation however, the lithium producers rallied well in the last year because there was a severe shortage of the actual commodity. anyone on a tesla call always knows that elon musk was bee moaning the shortage not anymore. i recommended a couple, a couple of months ago. i said a short term trade and i was worried they would pull back and pull back hard as more supply came online it is a specialty company. the lithium producers fun off by fmc corp in 2018

and as the previous lithium movement went bust, i told you i liked this one for a few months because i thought the whole group would fall apart tand did. whooi while lithium prices held up pretty well through late last year, they ut lerly collapsed in the last few months. lithium was selling more than 80,000 per metric ton and now closer to 20 to 30,000 range i mean that's unbelievable more than cut in half. down 45% from the highs. albemarle. and livent down 25%. and the current left-leaning political environment in latin america is not great for natural resource companies so why is the price of lithium more than cut in half? some say it is because of new supply hitting the market. and more recently, a lot of it

relates to lower expectations for evs. don't get me wrong electric is the future no denying that but however, the last couple of months, it has become clear we may need to dial back our expectations for electric vehicle sales going forward. we have to be careful here we have seen now multiple rounds of price cuts from tesla, which is not what you do when you are incredibly confident about strong demand. i think this is a smart move from tesla because they might be able to knock sox their smaller competitors out of the business. it is definitely not a bullish stock for the industry plus, look at the numbers. in january, 672,000 electric vehicles were sold worldwide that's only up 3% year over year and roughly half of the unit sales we saw in december why? because some major subsidies expired in both china and europe meanwhile, here in america, most of the available electric cars are still pretty expensive and consumers are increasingly stretched and auto loans get more and more expensive thanks to higher interest rates and tighter credit of the regional banks who offer them just yesterday, morgan stanley

adam jonas published a note, the prolific adam jonas, published a note with some checks on u.s. auto dealers, ford and toyota dealers specifically, and one of the conclusions was, i will quote here nontesla ev sales are turning slower, end quote. he goes on to point out the ev inventories are rising faster than the internal combustion engine in dealers. and i find that shocking and there were too many internal combustion engines in the business but the rest of the industry taking a hit from tesla's price cuts, and slowing economic growth, that's not good for the lithium business we have another major development in the lithium space a week ago that made us want to go and do this refresher tonight and that is when chile announced a new lithium policy that requires the chilean government to have a major stake, the majority stake, in all new contracts. i told you not to invest in chilean materials companies when the president of chile, he is a big fan of -- i thought it was a

very intelligent middle of the road man that some people viewed to be far left, i can tell you he was not anything but business of course chile's new policy won't go into effect until the existing contracts expire. and that's not until 2030 and 2043 respectively. a lot of people say that's not great. some analysts try to argue that this was actually a positive for the lithium producers. particularly chemica and nobody was buying it and the stock plummeted 19% last friday, in response with albemarle down 10%. chile's gradual nationalization of the lithium business isn't good for anybody it is the producers that operate in any other country on earth that might find less competition down the world because state-owned enterprises as we all know tend to be highly inefficient. and with the lithium wipeout, we think it was worth taking a fresh look at the industry and what we found is still gruesome slowing electric vehicle sales leading to a sharp decline in lithium prices and lithium stocks, and guess what, the

recent weakness has me wondering if it might not be a good time to start -- well, i mean it, bye lithium plays. and i acknowledge the near-term future of the electric vehicle business is getting worse than it was a couple of months ago, i don't think anything is really changed for the long term. but we're going to keep seeing a gradual shift from the internal combustion vehicles to electric. you and i know that. as long as that theme is alive, the lithium producers should be long-term winners. and now our you're getting a chance to buy them at much lower prices and i don't see anything replacing lithium any time soon. my two favorite plays. albemarle, seven times low earnings and livent 11 times. and both companies should have an up year in 2023 and still this stock is the cheapest it has been at any time in the past decade for the past ten years, albemarle's average evaluation is closer to 22 times earnings i still can't recommend

societye, and that's qumica, and that is the other big lithium producer, after what happened with the chilean government this week, and sure the new rules won't take effect for the better part of a decade but the chilean government is actively hostile to the lithium industry. two of the smaller plays that you asked about a ton, which are lithium america's piedmont lithium, they feel, you know, a kind of more compelling to me than they did a year ago, because they finally expected to turn a profit this year. and with the speculation, i can't believe i just recommended piedmont on the floor, although i prefer the two majors. in the end lithium is a boom and bust industry. when you're dealing with that kind of situation, you don't want to chase these stocks with a big rally and that's what i told you a year ago. you want to wait for a sickening decline and then use that as a buying stupt for the next up cycle, even if it takes a while to get going here is the bottom line. if you believe as i do that electric vehicles will keep going, ultimately, even if they seem to slow for now, and i think the weakness in lithium plays will only look like a

buying opportunity just don't buy them all at once. because we don't know when they will actually bottom so leave a little room to buy more on the way down but this is a radical change for me, okay i am now in favor of buying albemarle. let's go to rod in tennessee rod? >> good afternoon, jim thank you for taking my call. >> you're welcome, rod he was up? >> last year, i bought this stock at 31 dollars and it briefly went higher but now, it is gone lower and was recently downgraded, and i wanted to know if i should buy more of it down in the low 20s, hold it, or sell it i'm talking about mp materials >> it has been hurt by the slowdown in evs and people were trading mp as if it was tesla and it is not. and it is possibly but i have to tell you, it was initially a spac, and people are once again talking about how it was always a spac and it may go lower can and the only down 10% year to date, and i think it can go lower still

$2.8 billion market cap. that is just too high. it is because of evs though. nothing at mp, which is a very well-run company how about lou in pennsylvania? lou? >> how are you doing, lou. boo-yeah. >> i have a balanced portfolio i'm looking at something a little more speculative, i want to know what you think of lucid motors >> i will have to be against it. i think in the end, what is changed for me since november of last year is i don't recommend companies that are losing money. and that's kept our viewers more in the black than in the red and i'm going to stick by my view. we don't know when the bottom will be in the lithium plays. and i think we have a pretty good opportunity to buy some of it right now much more "mad money," a company called symbotic, after pulling back today, there may be an entry point in the stock or should investors be worried about monday's earnings? i will turn in my homework and then is it too late to take

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i'm on a mission to keep you interested in everything you see around us. the stock market because being a good investor requires a lot of homework and it's hard to do that research once the excitement fades away, isn't it that's why i don't just tell you about the stocks i'm enthusiastic about i take questions about the ones you're enthusiastic about. every now and then, i can't come up with a good answer, either because it is a stock i never

heard of or one i lost track of. whenever that happens, i promise to come back to you with a more considerate response, if you're doing the work, these homework items are piling up so it is time for some spring cleaning. april 17th, a fellow by the name of billy in texas called about symbotic an automation place. specifically robotic systems for the supply chain kind of like rockwell automation this stock though is hot, hot, hot. you think meta platforms is having a good year, up just under 100% after the run yesterday. you think nvidia is on fire, up 94%? they got nothing on symbotic which serves 122%, surged 122% year to date, because it is considered, yes, an artificial intelligence play. of course, everything is ai, it has been roaring, you can't close ai -- you can't stop it. it keeps going and going and going, so what does symbotic actually do? these guys make end to end technology solutions designed to

improve supply chain operations. how about some english here. they help to automate the pallets and cases in large warehouses and distribution centers. they save on labor and high speed fully autonomous mobile robots and they go 25 miles an hour and controlled by the company for proprietary ai system and that's where the real revenue comes from and now, symbotic systems vary in size in price they can be as small as a football field serving 25 or more stores and can scale and meet the needs of the world's largest retailers which is good, because symbotic counts as so world's largest retailers as customers. think walmart, target and albertson's, among others. walmart is a customer where it accounted for 94%, not even -- 94% of symbotic sales last year and more than half of the contracted backlog to me, when you have that kind of concentration, it is a major red flag

and now an independent company, this thing feels like an appendage of walmart and walmart can cut off any appendage they want and they have a large amount of warrants and maybe you feel more comfortable because of that and when you get more than 90% of the single customer, you can't possibly be in control of your own destiny. and that worries me. on the other hand, when you look at the numbers, they're impressive in 2022, symbotic posted 136% revenue growth even as it is losing money and had 166 million in negative free cash flow. i don't like that. this year, the analysts are looking for 65% revenue growth and while the earnings should still be in the red, the free cash flow is expected to turn positive that will be an important milestone, something that really, can turn a lot of heads. if you can trust the analyst estimate, the financials should improve dramatically over the following couple of years. according to consensus estimates, symbotic is on track to do 1.55 billion revenue just next year. that's up from less than a billion this year.

with that tripling to 2 billion in 2025. their earnings are supposed to turn positive in 2024. and they've got 2025 assuming walmart doesn't pull the rug out from under them and this sounds plausible. and when symbotic reported the most recent quarter at the end of january, they wracked up 168% revenue growth and free cash flow already turned positive that's wall street, it could be negative they written seeing any kind of slowdown i told you, remember, hot, hot, hot. of course, that was almost three months achlgt symbotic reports again on monday. after the close. and given how much the stock has rallied of late, it is coming in pretty hot so i definitely don't recommend trying to buy this one ahead of the quarter. because even a great quarter might not be enough to impress the shareholder base when the stock more than doubles in less than four months there is a decent chance that the expectations have gotten out of control. that's why i really, really do not like the risk/reward here. at least not before the quarter. i think it is just a fool's game and honestly, it might not be much better after the quarter. unless the numbers are out of this world my overall conclusion with

symbotic, it has a terrific story and i'm very much a believer in the long term financial trajectory but i also don't want to chase the stock after the incredible run it has had. it's just gone up too much over the past six-odd months. keep inmind, symbotic came public via a spac merger in june of last year, one of the last big spac deals to go through and while the stock initially popped to $20 last summer, it couldn't hold on to those gains. makes sense. this is a textbook on profitable growth stock and that whole court, we know, it was dispiesed most of last year, especially with a spac connection only bombed at 8.75 per share last november but that's when the growth turned around and as we feel more confident and nearing the end of the rate hike cycle for the fed, it is a little premature and since it closed 3, 2 dollars and change at the high earlier this week and pulled to just under $27 this

stock is incredibly volatile at these levels, i don't want to take the chance. if symbotic goes higher from here, i would love to circle back but it feels risky. and i am nervous about the quarter monday night, and not any particular reason but the expectations are high. and it is by far the largest customer, walmart and walmart as an investor might offer some protection, but let's -- no, too risky. you want an alternative that is not as risky, i would suggest gxo logistics, okay? boring runs warehouses and distribution centers. and this is a company that is spun off by xpo logistics. gxo doesn't have artificial intelligence and it is a profitable company and sells less than 20 times next year's earnings estimates i will give you honeywell. what a great quarter they just reported this. one has some exposure to this type of business, the tele-brand division, and obviously, honeywell is the furthest thing from being a pure play in warehouse automation and i that said, i like honeywell's other division, especially commercial aerospace

which is why we own this one doesn't hurt and they have reported an excellent quarter. just yesterday here's the bottom line symbotic has a cool product. ai-driven robots feels like a great fit for this particular market that loves ai, but the stock's run so much that i feel like we're late to the party. i say let's wait to hear what they say on monday and hope we get a major pullback because otherwise, this one just feels too darn risky "mad money" is back after the break. coming up, cramer takes calls. and the sky is the limit it's a fast fire lightning round. next (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation?

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it is time ligh lightning round. are you ready? lightning round. john >> boo-yeah, jim >> how about enphase energy. >> what they said this week is there is no growth in the united states market. financing problems don't forget also we have net gas so low i think the stock has come down a lot but not enough, believe it or not, because it had been an up stock for a very long time. let's go to jerry in missouri. jerry. >> caller: thank you, and your staff for all you do for us? >> thank you the club, we had some good ones this week. i want everyone to join the club. >> we have a lot of special stuff coming what's going on? >> caller: i want to know what

to do with snowflake, what it will take to finally break out >> it will take a huge earnings, not revenue surprise, but earnings surprise and frank is not trying to generate that, and trying to generate as much business as possible wait for the earnings breakout and then get more. let's go to mike until virginia. michael? >> caller: hey, boo-yeah, cramer how are you? >> not bad, how are you? >> caller: doing all right hey, i wanted to get your thoughts on the ticker symbol iq, they're supposedly netflix equivalent of what china is doing. >> what china is we see the equivalent of china, i'm not recommending any chinese stock, and put a gun to my head, i would say please take away the gun. let's go to dave in rhode island dave >> caller: boo-yeah, jimmy

chill. >> jimmy chill, mezcal it says that >> i want to try some of that. >> jimmy, i've been waiting for crowdstrike to fall below 125 and i pulled the trigger was that a good buy? >> look, the market now has fallen back in love with the old major stocks that's meant that crowdstrike gets sold for others, i've seen it over and over again, this stock was also hit because crowd fair had the numbers and thought of a cybersecurity plan, too but i think george is going to deliver. i'm not worried about crowdstrike. i'm worried about what is known as multiple compression. let's go to certainly in massachusetts. >> good evening, cramer. calling from boston, massachusetts. >> what's going on >> caller: my questions are about the pcc, i had a stock for about six months, and i want to

know, should i sell it >> i would sell it i would sell it. because you got a chance to buy one of the premiere oil and gas companies there is, pioneer natural resources, and at only 217, and we just heard from scott sheffield, another one that we follow on cnbc investing club let's go to new jersey >> hello boo-yeah i would ask about the growth stock -- >> i missed the stock. >> rskd. israeli company. you know what? i'm not recommending any stocks that are not making money. and that, ladies and gentlemen is, the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade you ok, man? the internet is telling me a million different ways i should be trading.

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i always tell you there is no clear woulda shoulda in this business, and it still makes me angry when i see a high quality stock roaring after a great quarter and that's how i felt with coal gate rally after good reports. beating yourself up, not owning every stock in a red hot group like the consumer package industry is a totally

self-defeating attitude. see, if we own procter & gamble, it has been a real horse so why kick yourself over not owning a very similar colgate. at the end of the day, we run a diversified portfolio and we preach you can't own them all because when one goes down, they all go down in an industry tand hurts when they all go up like today let's talk about the future, not the past and can the food and consumer packaging stocks keep run? they're all household names. my answer is yes unless we get some sort of exogenous news that drags down the entire market. if you listen to politicians, "squawk" in the morning, you think it might be very difficult to reach a debt ceiling deal even as members of both parties always tell us, after they attack each other, not to worry. call me worried. at least enough worried that it will come down to the 11th hour and the market will not like that kind of uncertainty

the two party way, you can expect plenty of drama so as the debt ceiling talks flounder, i think this group, the packaged goods stocks, are the ones you want to buy you definitely want to buy at least one of these the cereal company, snack company, dog food, whatever, they have been through this crisis before. and not even that long ago, in 2011, we had a huge swoon to the market when it looked like the government ran out of money and the democrats cut a deal with republicans in congress, the s&p 500 fell 19% peak to trough, for the compromise, and the s&p 500 downgraded the government's debt that was an ugly day if that happens again, you will get your chance to buy mongolese and colgate and throw in hershey and general mill and procter & gamble too why these? they proval to be remarkably inelastic. people take comfort in their favorite brands. and/oro's and colgate and hershey bars and campbell's

soup during an uncertain time, people are not abandoning the brands despite giant price hikes with all sorts of businesses. it is pretty incredible, it has defied analysts who thought consumers would balk, they haven't, which is fabulous for the stocks since the analyst goes the it wrong. the pandemic changed the production of all kinds of packaged goods supply chains ripped asunder these companies all got crushed on costs so they started putting through the price increases after price increases that you saw at the supermarket and the amazing thing, there's no resistant from the consumer they love their brands during covid. they trust the brands now. love them in the future. even if the prices have gone up so much. it is amazing. what makes these stocks incredibly compelling is the high prices i believe are here to say but their costs, what it takes to produce what you buy at the supermarket are finally coming down. supply chain woes have been soft freight costs have collapsed but there's certainly not passed

on to those savings to their consumer base, are they? i mean these businesses are businesses they're not charities. have you seen any prices come down i haven't. next will be the raw costs which are already down huge in what is known as the spot market paper, plastic, and most packaged goods companies buy these materials about i contract each year and they haven't steven much savings so far but when they sign the new contracts after all of the prices are rolling over, they will pay a lot less than before and these price increases have more than covered these company's costs and going forward, we will see what happens when the costs get rolled back while the final prices stay just as high it will be incredible margin expansion and much more money per candy bar and it means tremendous earnings growth and even as these consumer packaged good stocks have run a great deal, i don't think it is too late i think they can continue to beat and raise number force some time to come and that is indeed the holy grail for professional money managers they can't resist this kind of setup. these stocks are perfect buys

when everyone runs from the market because it is the coming debt ceiling debacle get ready. pick your fave of these. i love procter & gamble. and let's try to profit from the federal carnage. all i can say, there is always a bull market somewhere. i'm jim cramer see you money. last call starts now. cramer see you on monday. "last call" starts now hi, i'm brian sullivan in tonight, a watershed for the future of live tv. phoenix suns cutting the cord on cable. going back to broadcast. iranian forces seizing an oil tanker headed for texas. could 100 bucks a barrel soon be back on the table. new york state is about to ban gas stoves in new buildings? why? could your state be next the mind boggling run for one brokerage stock for some asking where's the sec? an