>> no. think about this, put it on your wall >> who buys a $3,500 piece of electronics these days >> you do. you always buy whatever's out. >> xle, i'm a seller. >> thank you for wchg atin "fast. "mad money" 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 to cramerica other people want to make friends. i'm just trying to help you make some money my job is not just to entertain you, but to educate and teach you. so call me at 1-800-743-cnbc or tweet me @jimcramer. next year at this time, next year i need you to remember something. about a month before this

moment, we'll hear a bit of the most expensive dawgrel anyone can remember we just had an amazing may one of the best months ever leading to a tremendous run right into june. while we pulled back today, the dow tipping down 200 point, the nasdaq edging 0.09% down, we can't ignore the lessons of this incredible may the biggest lesson being sometimes you maybe need to take some pain to get the big gain. first, because of last month's rally, the nasdaq is now on pace for its best first half since 1991 that's incredible. it's being led by what i call my seven, apple, amazon, meta, alphabet and nvidia. now all these moves, all seven were driven by company ingenuity, not access by the federal government or federal reserve. ewho is thereby missing the big picture. each one of these moves has a

story to tell. apple sold off a bit today as it almost always does from the worldwide developers conference. today we got a glimpse of a special augmented reality headset priced at $3500. that's pricey, but the stock barely went down it was up a little bit beforehand i think this is a high price point. i don't see all the appeal, but most of the younger people went nuts for presentation. i didn't get what i wanted today. that's not what it's for i much better apple highlight other good things, like a pickup in business for the third straight month or lots of new sales coming from brazil, the philippines, indonesia and india. these developing new markets can increase the base from two billion to three billion they may be the best expression of what's to come. apple, own it, don't trade it. amazon, i've been hard on these guys i'm wondering about making aggressive cutbacks.

after two rounds of laughs totalling 20,000 people, including many in the company's headquarters, and those are expensive people, amazon just put out a 37-project hit list, which is great news is they did have a lot of expensive loss making projects. i think the costs will come down as the same time consumers desire to shop in person is finally waning we know that it's way more convenient and often cheaper to get everything you need from auto ship from amazon prime i was concerned that alphabet had missed the boat in artificial intelligence, but i was wrong. it had more in the space than i thought that could be enough to keep the engine going. meta, mark zuckerberg realized his company was spending too much money on too many different projects that weren't paying off. now they're focused on taking business interest tiktok while improving instagram and more or less getting around apple's privacy tools. i'm sure some of the hundreds of millions it's spending with nvidia could have a huge payoff there. i thought apple's presentation today was much better than anything i've seen from the meta

platform so far. tesla. i don't have much to say although the stock seems depressed after musk bought twitter. i'd be kicking myself if i hadn't started pushing it again 70 points ago. and of course there is nvidia. which has been working with the accelerated computing and generated artificial intelligence to the point ceo jenson watkins has changed computing forever in just a couple of hours. i got to tell you, that couple of our presentation is a must-watch go to nvidia.com it pops right up i'm blown away, as you'd be if you watch how everything is going gpu. a chip that is making artificial intelligence far more powerful hence the iphone moment. we were fortunate for the charitable trust to get in all of these except tesla. now what doe we do we're telling members of the investing club we don't want to

overstay our welcome i think we've experienced one of the greatest runs in history, and those tend not to happen twice in a row that's why we're lightening up, especially in tech we don't want to give back any of the big gains i don't like to do things in a vacuum i want to rely on history so i'm not off base on my own analysis. when i have to do that, i turn to my friend larry williams. he is the best in the market i know who has been technical analysis since teenager. great track record too williams has done amazing work showing while we're still in a bull market, and that's definite, his cycle work suggests we're going to be in a bit of a tougher run here. to quote him, and you can see where we are, stock prices bob and weave like a prizefighter. i expect the breakout that killed the bear last week to continue a bit, and that's that spike up, more traders should be prepared for a pullback to begin. and that means right here is when you're going to start seeing a decline now, look, look at the cycle work it suggests we're headed for weakness in the middle of june

that makes sense for me. i believe the fed will choose not to raise rates when it meets last week. it's going to put an immense amount of pressure on every single data point once we're past the meeting i think every strong number will cause it to decline. the bears, many uber rich hedge fund managers who missed the run entirely, as well as a lot of bear analysts with a lot of followers will come on how you won't make any money in stocks, never mind that we're already up 20%. rather than wait for the cyclical weakness coming up, i'd rather ahead of time and i made that very clear in our morning meeting and in our home stretch broadcast if you remember the club, i think you'd really enjoy them. now i know, as my friend and colleague david constin said this weekend in his invaluable kick start document, we have ai tech driven rally. that lifted the s&p to date. last thursday a new face began,

a broadening out of the breath to include some cyclicals and even some financials there are plenty of people out there think this is what we've been waiting for that, this is good news. these people are blind to the news we just had what we were waiting for, complete with a crowning of a brand-new n individualia we don't want to overstay as the market broad ernes we want to take profit to set up for the next wave of the cycle which is down but not out. if you sell some here, you can leg in this area and that's what i want to do now a word on my work, okay. so often if you watch the show, you know exactly what i'm talking about. you know chapter and verse how i speak and what i speak, i speak very plainly, like nobody else on tv or anybody else on wall street but if you read a summary of what i have to say, will be distilled to something i often didn't mean or say i used to care a great deal about this but in my 18th year of the show i can no longer worry about those who read the summaries you heard what i said. we made a killing. i don't want to give a lot back. icing on the cake.

bottom line, if you're internally greedy or totally brain dead, you got to take some profits when you have them this is not the time to double down this is a time to ring the register on some of your gains and remember next year to buy in may and take some profits in june let's go to mitch in arizona, please mitch? >> caller: hey, jim. the name of the company is called dexcom. are you a buyer, seller or hold? >> i think dexcom device is miraculous, and i've been a buyer probably for close to 100 points and i'm not backing away right now. how about dave in virginia right now, dave? >> hi, jim, it's dave miller from richmond, virginia. >> thank you for calling, dave >> caller: sure. third time caller, long-time listener, back to the "kudlow & cramer" days more than 20 years. >> thanks for everything you do. you've helped me comfortably retire this year. >> thank you so much, thank you. that's just great. thank you. >> caller: jim, back in late

april, i sold half my position in exxonmobil, about a 40% gain, and obviously in the last five or six week, we've seen what happened to the oil stocks so i'm looking to get back in, and my question -- >> no, i don't want you to do that. >> caller: oh. >> as i said this morning on "squawk on the street," what matters is that the russians and the americans are pumping, not the saudis i do not see a lot of upside in oil. i myself was regretful we were unable to sell some of our oils earlier today. do not touch the oils. they're going lower. let's go to peter in california, please peter? >> caller: jim, hi, thanks for taking my call. >> quite welcome >> caller: i bought this stock for a while. it's been up and down, boeing. what do you think? >> i think that boeing is going to get it together there is too much travel demand for me to believe the stock can't go higher. however, it has so many different problems and tends not to go up in a straight line. i need you to be patient with

boeing, but i think because of long-term travel demand, it will go way away. i think you should remember to buy in may and take profits in june on "mad money" tonight we have a strong may. i'm digging into the big rally on friday and see what got it going. don't share the idea that it's going to keep going. and 5 below earns five stars which changed the story? i'll give you my take. and continued a vancements in ai and streaming. where does the trade desk fit in i'm checking with the ceo. 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 madmoney@cnbc.com. or give us a call at 1-800-743-cnbc

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i want to talk about last friday's incredible run, because i don't think people appreciate what made this move so special especially after today's round of profit-taking that obscures what went on and they don't seem to understand what caused the rally. you heard so much about that gold locks employment report but i think it's mostly about the final passage of the debt ceiling deal for most of the debt ceiling pseudo crisis, it seemed like this time would be worst than last time. that was 2011. both parties were way more intractable this time around you had no idea in the leadership would be able to control the extremists on either side of the party. it felt like chaos was our destiny with either a default or constitutional crisis on the

rise but then president biden and speaker mccarthy came up with a pretty reasonable compromise a temporary suspension of the debt ceiling with modest caps on federal spending way less contentious what we got in 2011. i think it was this compromise between mccarthy and biden that truly allowed us to run on friday wow? because fed chief powell has an excuse to wait to see if we need more rate hikes. student loan payments are about to come back we know that's important and we're losing the pandemic era boost to food boosts something dollar general and dollar tree talk about so why does the feed need to keep lowering the boom on us they can just wait and see for a few months second, you can tell the debt ceiling has something to do with this because the magnificent seven, the big cap tech stocks that account for the end of last month no longer led the way on friday these stocks roar when we were worried about the debt ceiling but of the seven, only test lab performed on friday. the best performing index was the dow jones industrial

average, up 2.12%, in its second best day of the year with a default fears off the table, maybe this is a market where the once mighty dow can actually lead again. so let's take a look at the best performers in the dow from friday, because maybe that will keep roaring into the suddenly changed environment, or at least you know what's driving this new leg of the rally, if it continues. so first is one that's been so down for so long 3m that ran because we heard that they might be reaching a settlement in their big possibly cancer causing ground contamination lawsuit. the trial just got postponed today to give them time to work on a settlement deal and something like a settlement might be a cost that 3m can reasonably cover, not something that would bankrupt the company, as many of us were worried about. and put some of this litigation to rest would be huge for 3m the market took it negatively, the stock gave up over 4.4%. i did not like that. cat has been shadow boxing the bears all year the last time they reported, the numbers were great but a gaggle of analysts turned

against them, and the sock has been in a sickening decline ever since, all the way down to 206 on thursday. terrible i think wall street misunderstands caterpillar these days people see it as an old-fashioned cyclical stock, but the ceo has diversified into businesses that are less hostage to the global economy, especially china i bet cat won't even be able to meet demand for its products next year because there will be so many on spending for the infrastructure we realize the debt default is off the table. buff everybody thinks it's a china play yet china represents less than 5% of cat's business i think the real reasons take root soon because the bears will come right back if we don't catch an upgrade or two with more of a rigorous analysis about what cat is doing in this country. the stock's 1.84 loss today made me feel positive about last week's move. that's not all that much of a profit-taking for an 8.4% gain third, dow, the old dow chemical

benefitted from the china stimulus package so many chemicals have been price set by the chinese market given the chinese about 50% of them dow's policies to make in china for china, which means they can get a real boost from this housing stimulus plan if it works. it doesn't hurt that dow's stock is highly cyclical much more afraid of a worldwide recession. wall street hasn't gotten the memo yet dow closed almost unchanged, though, so good sign fourth, when macy's reported on thursday, it noted its expanded deal with nike and that was the first time in ages they thought nike had shown any signs of life. nike shot up 4% on friday. why? yes, again, because the chinese stimulus package people think it's drew i am very jaded when it comes to the chinese government but right now wall street believes for the moment what matters is nike is going to get some more money. nike is the biggest purchaser in china. it's one of the luxury goods place that has fallen off the

cliff since april and is now come alive again nike tends to have more staying power. that said if china's stimulus package fails, it might take a month or two before we know for sure, then you to expect the stock to give up its gains, it started to do today. finally, the most intriguing american express it roared thanks to the strong travel and leisure thanks to the nonpayroll report. i cannot believe how far the stock had fallen on worries of bad debts and believe it may be near the end of the post pandemic travel boom, which we're not. given the numbers from the higher end restaurant chains like garden and brinker or marriott, or from all of the cruise lines and airlines, the sell-off of american express made zero sense to me. but just as we saw with caterpillar, people have a preconceived they don't want to confront the reality of the situation now i do care, by the way, the federal government changes the rules to force america's cash on its balance sheet, something talked about in this morning's

woj wall street journal. the rally was important, not just it was a huge run, but because of competition even a breather after the tremendous gains it turns out there are plenty of other potential winners that could power the next leg of the markets to move higher or at least they can do that now that we jumped the debt ceiling hurdle now we need to figure out which of these new winners really does have staying power beyond just friday but remember, as i said at the top of the show, please don't be greedy the biggest money in this leg of the bull market has already been made "mad money" is back after the break. coming up, is five below is cut above? cramer dives into a favorite discount retailer, next.

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♪ this past earnings season, we have really had a ton of heinous quarters holy cow the retailers are probably the worst. but there are exceptions, exceptions like five below discount chain that delivered a relatively strong set of numbers just last thursday night while the quarter wasn't perfect, it was enough to cause the stock to jump nearly 8% the next day what really makes the platform stand out, though, this is a chain where everything costs five bucks or less, very similar to dollar stores but the dollar stores reported truly horrible numbers [ booing ] which makes five below's outperformance all that more remarkable >> house of pleasure >> to put in this perspective, they hosted awful earnings guidance imagine cutting their full year forecast across the board. much weaker same store sales, much weaker earnings

dollar store blames shrink, a wall street term for theft but these guys have plenty of other problems like margin erosion and ongoing store transformation plan that's taking way too long. i think it's back firework th backfiring. then last thursday morning dollar general reported an even worse quarter. >> the house of pain >> with dollar tree the problem was mostly guidance. with dollar general, they're doing awful right now. this is on every major mind. worse, the management also cut their full-year forecast also across the board looking for about 4 to 6% earnings growth. now they're talking 6 to 8% shrinkage, simply horrific dollar general blames soft numbers on general weakness, when you expect dollar stores to thrive when consumers are feeling stretched. reality it looks like dollar general is losing market share especially to the grocery section. walmart is eating their lunch now. they've gotten a expensive

remodeling agenda. three separate analysts have downgraded the stock since then and the stock lost nearly 20% of the value on thursday. >> sell, sell, sell, sell, sell, sell >> but not even a full day later, five below gives us something much more encouraging. though their revenue came in a little light, they gave a 4% earnings beat off of a 63 cent basis and saved on the guidance for the current quarter for the full year forecast now i know that may sound all that super impressive, but come on, consider the competition dollar tree's dropped 9.5. dollar general down 8.6% but five below flat, up a couple of cents from the mid point. and like i said before, five below's quarter made wall street feel a lot more enthusiastic about the future in part because only five below was able to basically hold the line and stick to its previous guidance but it also comes down to what we heard on a really magnificent comps call theft was dollar tree, it's the

epidemic that hits everybody in retail but it's not hurting the company's gross margins meaningfully at all. when asked about the shrink factor, quote, we're not experiencing anything materially different than what we saw at the end of last year and when wisconsin we did a lot of our own physical inventories, end quote. at the same time, some of the other discount chains said an unfavorable product mix to explain their weakness these guys are able to quickly spot current trends and capitalize in a big way. we saw that a few years ago when five below came the spot for fidget spinners. which came out of nowhere. the squish mal toys which are still selling well but the story of this quarter was super mario. when the movie was a hit in april, five below sold tons of t-shirts, posters and other related merchandise. they're very good at target young children this is one of the few contexts where that's something positive.

a striking difference in the way five below talks about its footprint. both dollar tree and dollar general have rolled out store refreshment plans which is necessary because some of the stores are truly hideous, especially the locations that dollar tree picked up. five below meanwhile isn't really focusing on rehabbing on unattractive underperforming stores they're focused solely on expansion. the company's overarching strategic plan is dubbed the triple double strategy and very straight forward it wants to triple its store count from 1,200 to more than 3500 stores by the end of the decade it also bested double its sales. it sounds good to me the goal for this year to put up 200 new stores, which would be a record for them. management thinks they can ax sell rate their expansion as they take over leases from the retailers that are going bankrupt they're really the only ones that are doing this. thank you, tuesday morning, a bankrupt retailer. in fact, ceo joel anderson says

they can probably sexceed that 200 numb while five below is also doing renovations, that's very different than dollar tree and dollar general which are refreshing their worst stores because they have no choice. they're on defense five below is playing offense. they're adding new sections with items priced above five bucks, called five beyond they did conversions in the first quarter and they're well on the way to do more conversions. they want to roll out this format everywhere. i like it. really smart way to account for inflation without breaking a fundamental commitment to selling items at $5 or less. even if five below didn't have a truly blowout first quarter, it's good this company is in a much better position than its discount peers they have to long-term gain plan allowing this regional philadelphia place basted wonder to go national in a rigorous way. that's why five below is now on fire and i think the stock has a lot more room to run let's go to jerry in missouri,

please jerry? >> hey, jim, thanks for taking my call. >> of course, jerry. what's up? >> caller: this e-commerce stock is using artificial intelligence and is down 66%. it's trading at 12.5 times sales. you interviewed harvey finkelstein if i say that right last month. >> yeah. >> caller: this morning it was highlighted by one of the motley fools as buy now and hold forever stocks you think shopify is going live up to all this hype? >> the stock has had a 72% move from the bottom. but i've been a fan of shopify for years and years. i think it will. shopify is the amazon for the small guy. and i think there is plenty of room for the small guy i'm glad you brought the stock up i like it very much. mike until new york, michael >> caller: hi, cramer. first time caller, long time sporadic buyer >> excellent >> i think they're a great stock. sprouts farmers. i think they're great business model, they're trendy. they keep their produce front

and center of their stores i think they're doing good stuff. it is time to buy more, sell or hold >> i'm glad you brought it up. i was thinking about doing a piece about sprouts. the reason i held off is i'm worried about food inflation but these guys are pretty darn good at what they do i think you've got a good one. i am with you. our viewers are so smart >> buy, buy, buy >> five below is playing offense while other discount retailers are playing defense. a run you really should consider, five much more on "mad money," including another winner, trade desk i'm hearing how the trade desk is leading the charge with the company's top brass. then we keep hearing about how strong the consumer is, but is it true i'm sharing the data i've been watching, what other consumers are doing and better than anybody else's and all your rapid-fire calls on tonight's edition of the "lightning round." so stay with cramer.

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♪ with the pandemic firmly behind us and inflation cooling, we can finally go back to searching for powerful secular growth themes that tend to give us big gains take the gradual shift of advertising dollars from traditional media to digital media, to connected media. other than the big ten titans, few have benefitted as a company called the trade desk, connecting advertisers with available pieces of digital real estate they endured a painful pullback last year, like so many other growth names but this year the stock has come roaring back, up a stunning 68% for 2023 tomorrow they're set to make a major announcement they're launching something

called kokai that will incorporate major advances in ai measurement and partner integration. it could be a big game changer for them, and for you if you watch connected tv before the big public launch, let's hear the pitch directly from jeff green, the cofonder and chairman and ceo of trade desk, to learn more about it manier green, welcome back to "mad money." >> thank you so glad to be here. >> last time we saw you, apple just put through privacy rules people felt it was going to shut down the market entirely you said no that won't, and that you had a solution that would be very good for the user. >> exactly so basically, what happened is apple reduced its signal that's it's providing so that people can provide tailored ads in the apple ecosystem. and what us and companies like facebook did is they innovated to basically use technology to make it so that we can do that in a new way so we're still providing tailored ads in that environment, and in other environments where consumers get things that are highly relevant. they're more productive or efficient for advertisers and everybody wins >> well, now you've got a new

product that is very exciting. i want you to tell us about it you have been the originator, and ought times you have been the advocate for both the viewer and the person who wants to put the ad out there so tell us about what this new program does. >> yeah. so tomorrow we're launching a program called kokai, japanese for open waters, or open for business what we're doing is something that actually i think is the very best thing that apple has in its entire ecosystem which is its app marketplace where people can develop to its products. we want to make it so that many other companies can develop to us, but we're also trying to upgrade our product across the board. so it's a little bit like shipping a new operating system at the same time as launching an app marketplace where people can develop the us >> what advertise worry like to take advantage of this >> sorry >> who would take advantage of this >> first, anybody who is selling into advertisers and agencies can build to us. so if you're an ai company that is generating creatives on behalf of advertisers, you build to us in our apis.

if you're a data company who is trying to sell more data, if you're trying to make it possible for people to connect the dots between what they're selling offline to online, those are companies that can connect with us. and then simultaneously, we're taking ai and injecting it throughout our product and then we're creating a new user interface at the same time. so it's an overhaul. the biggest upgrade we've ever done in our company. >> wow do you have enough interest? are you concerned? the stock has been roaring do you think it's anticipation or you recognize this is going to be a tough moment >> it's possible some people are anticipating what we're about to ship but we have a tremendous amount of confidence in what we're shipping many of the products have already been in betas or have been run for months behind the scenes so we know that it's going to work we're just excited to explain it really, the burden at this point is explaining all the complexity in our platform. because what we're trying to do is give the biggest advertisers in the world really powerful solutions that sometimes those are complicated.

>> one of the things that's really exciting about all your stuff is you are well ahead in connected tv now connected tv eludes people but it's actually what they're watching all the time, yes >> yes connected tv i think is the biggest opportunity that we've ever seen in advertising and probably ever will and that's largely because -- and it's partly because of the pandemic, because of what happened was people were staying home and streaming, and they were taking more content in than they ever had before but it also created some pressure on the content company. >> yes. >> where everybody was fighting over subscription wars or streaming wars as they were calling them, so that i want the get my $19.95 as a content company from the consumer, but so did ten other companies so a lot of them, including even netflix introduced ads so almost all of them have ads so the opportunity to provide irrelevant ads and lower the ad load so how many ads you see in an hour, you get much fewer of those on connected television than in linear television.

and they also can apply data using a platform like ours to make those ads more relevant when you put all that together, it's better for the consumer fewer ads, more relevant. better for the advertiser, more effective because you're using data and only putting them in front of people that really want your product better for the amount they get per ad everybody wins in that environment. and with those win-wins, the trade desk in the middle of that making it happen, it's the best thing that ever happened to us >> i want to be careful about the middle so people understand. that's different how google is in the middle. >> yeah. >> i might mention that you're my go-to guy to understanding, jonathan kantor, who is the antitrust czar in our country is saying we need more transparency >> yeah. if you read the complaint that the government has made against google, it's pretty damning. and essentially, what they're saying is that google is playing both sides. >> right >> and they're representing buyers and sellers and as i've said, they're judge, they're jury, they're defense, prosecution, the bailiff, the

warden, they're all of it. what we tried to do represent one side of the trial, if you will we're trying to represent the buyer. and give them the very price possible and by aligning our interest with the buy side, we think that we make it easy to be a partner to them. and it's interesting because then it has trickle-down effects throughout the ecosystem, because everybody knows who we are and what we represent. and it makes it easier them to interact with us simply because we say we're with the buyer. we're with the advertiser. >> it's clear the government is listening. be like trade desk pick one side or the other. >> i think that's what they should do. that's better for the eco. but it's difficult to do when you're in the middle of it you own the courtroom. >> you're the honest broker. i know that. we all benefit, everybody are, from the people who write to the people who watch because of what trade desk does. >> thank you very much >> that's jeff green, chairman and ceo of the trade desk. you should read their documents. what they do is very exciting. and all written in a way that you can understand and because if you watch anything, you'll know. "mad money" is back after the break.

coming up, what's on your mind, cramerica? give us a call the "lightning round" is storming the nyse, next.

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you get listening more than talking, and a personalized plan built on insights and innovative technology. you get grit, vision, and the creativity to guide you through a changing world. ♪ "lightning round" is sponsored by td ameritrade ♪ it is time, it's time for the "lightning round." the stocks, buy, buy, buy, play this sound -- [ buzzer ] -- and this the "lightning round" is over are you ready, skee-daddy? let's start with david dave >> caller: dr. cramer, my adorable lunatic friend, how are you? >> more lunatic than ever, and i

appreciate that. what's going on, dave? >> caller: jim, last month on the "lightning round," you waved your does not make money rule on the stack. it recently recovered from all of its one-day 17% loss from 11 days ago jim, this stock is no flake. please share your thoughts on snow. >> i'm concerned about snowflake because at our investment council when i interviewed him he was not happy with his own quarter. now that the stock has come all the way back up, i think you have the take a little profit, dave it concerns me if the ceo says don't buy, basically, i was trying to get him to buy and it goes back up, i'm wrong and he is right tyler? >> caller: big boo-yah from california how you doing? a familiar boo-yah what's going on with you. >> caller: i'm doing good. thank you. i wanted to say that i've been a long-time listener i've been listening to you since "real money".

>> oh, my, my radio show holy cow that one dates me. thank you for listening to that appreciate it. >> caller: and i love thestreet.com. great website. >> yeah, i started in '96. look, i just have a good legacy. what's up? >> caller: so i wanted to let you know this is my 21st call. so lucky 21. i wanted to ask about taiwan semi, gsm. >> all right good luck. i think taiwan semi is a very good stock i wish it would pull back a little bit obviously the semiconductor or chip made so it we're trying to be less dependent. it will take many, many years. taiwan semi is a very, very good company in a democracy that we need to defend so happy 21. let's go to ray in new york. ray? >> caller: boo-yah, jim. this is ray from upstate new york >> all right, ray, what's happening? >> caller: well, my stock has to do with the growing season, which is going full bore right now. it would be scott's miracle

grow. >> i got to tell you, as a gardner, i'm concerned on the week to week nature of gardening and i just can't get excited about the season i'm excited about my garden obviously, but it's way too hit or miss. i'm going to have to say no to scott's. leo in connecticut, leo? >> caller: boo-yah, jim. calling from middletown, connecticut. how are you doing? >> you're real good, man what's going on? i'm good >> caller: i brought up brazilian airlines azul at 4.8 and then again at 6. >> wow >> caller: they control about a third of brazil's market share i sold half my stake to lock in some gains at 11 would you hold the rest or take the gain >> you're playing with the house's money. let it run that stock is probably the best airline in the world well done, well played luke in california, luke >> caller: jim, luke nelson in san diego. big fan of the show, jim big fan of the show. >> thank you. >> caller: the stock i'm asking

about is pallant tear? >> the stock has been climbing good government business steve? >> caller: from palo alto. >> that's a good one god for the club thank you. >> caller: what are your thoughts allison transmission holdings >> i know the very well. that area of the let's say the original equipment makers for trucks is really strong. my friend stephanie leak had a very good piece to say about the truck numbers. it is really, really a red hot market i liked caterpillar. that's who had play. mike until new york, michael >> caller: jim, how you feeling? >> i'm feeling -- i made a little comeback. i'm still trying to take my vocal chords trying to figure out i don't like twice in two months i'm looking into it and thank you for asking what's going on?

>> caller: all right good i'm looking at a stock called hlt, hilton worldwide hotels >> i think they're very well run. i think marriott and hilton are both well run. that's a good stock. international travel holds up, i think you got a keeper let's go to randy in pennsylvania, randy? >> caller: >> jim, boo-yah! thank you for having me on your show i want to invite you to our sport talk here at horsham, fly, eagles fly. >> thank you >> caller: and this is the best time of my life to talk to you. >> oh, wow i'm going to talk to jeff morris maybe we get that thing working out. what's going on? >> caller: now, i also want to let you know a special gift coming to you. i can't tell you what it is. a special gift coming. >> i'll take it. i always like gifts. unless it's a trojan horse. >> reporter: the stock used to be called aqua america it's now essential i've had it. >> probably with suburban water, right? did you have it with suburban water? any way, that's a -- it's a

really solid company it's come down a great deal. i've never seen it yield this close to 3%. i want to buy that stock and buy it aggressively. very, very good call and i hope i get it. michael in arizona, michael? >> caller: how are you doing there? >> i'm doing well, michael how about you? >> caller: i'm good. hey, i'm calling today about a stock the ticker symbol is iot samsara? >> that may be one of the greatest untold software enterprise companies there is. it's a really great stock. i wish i had caught it earlier i hope it pulls back i think it's worth talking about. let's go to frank in new york. frank? >> caller: yeah, hi, jimmy love your show. >> thank you, frank. >> caller: my call is rivian inc., the electric car. >> losing too much money i want you to sell that one and sell lucid we don't need money losers

i want to protect people from these companies. >> sell, sell, sell! >> cary in new mexico. i like to compliment your daughter for coining the term jimmy show i love it. any way, i'm calling about intel. intel has some sampling some enterprise cpus chips that are they claiming are outperforming amd. i want to get your take. >> no, no they're not. intel is selling a big slug of mobile maybe that will help short their balance sheet. that's the best thing i can say about intel. and that, ladies and gentlemen, was the conclusion of the "lightning round"! [ buzzer ] >> the "lightning round" is sponsored by td ameritrade coming up, is jay powell too cool for school? cramer says hip hip hooray for the fed chair, with an important caveat, next

>> my 5-year-old grandson loves to watch your show. >> i have to thank you for making us money when it's there to be made. >> our world is a better place with you in it

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we keep hearing about how strong the consumer is, except from the consumer. last week we had a parade of data about how the consumer is doing, and i would say not so hot. i think we're back to the world where we have two kinds of people the ones who saved money and more on the defensive. try to make ends meet. now all the government assistance is going away we have a real trouble in retail macy's just reported a strong quarter that got weaker throughout the quarter

nordstroms was a weak quarter that got stronger throughout the quarter. dollar general had a horrendous quarter. today we had research from several firms about how the end of the student loan repayment moratorium could impact millions of consumers who seem to shop inordinately at target meanwhile, spending has been robust in charitable trust in costco and walmart but these are places to get cheaper brands and less explosive food, both of which have seen inflation subside. handfuls are doing well but some are struggling if you really want to get a read on the consumer, you need aggregate data and for that i go to bank of america. according to bank of america, these people have 40% more savings on average than before covid. that amount has come down a bit from its highs but balances still remain elevated versus precovid numbers. very positive. the data shows the spending still strong, but it's slowing we're going back the normal levels from before the pandemic, although with a reminder that

2019 was a pretty great year credit quality remains hot even as they're gradually on the rise again i know my thesis of people being long on money and short on time still seems to be playing out, something bank of america calls the revenge travel international still struggles. domestic is slowing. we are in a fed obsessed moment in time. at the top of the show, the fed had very little to do with the strength of the magnificent seven which created their own fate even if it's not enough on its own to make the fed halt its rate hikes for good, it might be enough to make them skip meetings wouldn't bit something if they skipped a hike and skipped a second hike? i don't know if they'll do that. i know people believe the economy is so week that the fed will soon cut tra rates, i think that's wrong i think that borderline insane how can we be concern they'd need to cut rates? that it, the fed is playing for time and it's winning. the fine federal benefits are

winding down we'll have a lot of stimulus money coming for infrastructure next year, but i don't see that having huge impact to the consumer side. what happens is all the naysayers don't see what's coming together, and that's the soft landing for instance, i see cars in abundance, rates going higher for them i see housing still in transit in price, but not if people simply stay in one place and substantial weaker ones, students have to pay their student loans again. none of this matters to the worry wors. we wouldn't have had such a big run from the bottom if we were having a hard landing. i know there is tendency of the rich people to come on and say jay powell has kept things too easy i think that's silly what he couldn't foresee is how much congress would spend on infrastructure or how covid would end more quickly than others i think powell's strongest economy in the world right now hallelujah >> one that is past china definitively, which truly didn't

do enough for stimulus and europe which never seems to catch a break. i say two cheers for jay powell and be glad we have him, even if he turns out to be a dead-end company follower, maybe he is not as uncool as i like my central bankers to be. i like to say there is always a central marketcramer see you tomorrow "last call" starts now hi, i'm brian sullivan tonight, another crypto crackdown coming the world's largest exchange feeling the wrath of the federal government tom cruise's new mission, taking on imax a block buster showdown coming soon to a theater near you critical west coast ports come to a halt as some union workers walk out will america's supply chains be crunched once again? love formula one racing? who doesn't. we'll show you how you might be able to cash in on the booming sport. and it is make it monday and you will not believe how much video games or