this regional bank stock ii' beh and he didn't even ask me to say to be able to say sure, it's safe, without having done enough that my final trade, xlf. work it took us ten months to get i think the rotation has more to back to 4300 the time that included some of do >> steve >> delta the darkest moments in recent not going to last forever. instruments, people. flying on instruments. memory if you hung on to the stocks >> you know it all, don't you? that were there doing well sinc, thank you for watching you you made better than reported t thanks for watching "fast. "mad money" with jim cramer starts right now my mission is simple, to make you money the numbers look good. i'm here to level the playing but wall street wa so after today's 9% decline, are field for all investors. there is always a bull market somewhere, and i promise to help investors getting a buying you find it. opportunit snacking "mad money" starts now kingpin? let's check withtet for the hey, i'm cramer. welcome to "mad money. welcome to cramerica other people make friends. i'm just trying to make you little money my job is not just to entertain trust. and falling 6%, even though the but to educate and teach you stock was up most of the day so call me at 1-800-743-cnbc so investors, what do you do what do you do with chilchili's? or tweet me @jimcramer earlier today the s&p 500 almost reached 4300 i have an idea let's talk to the ceo. which is 20% off the bottom from last year, although the averages

pulled back, dow advancing 92 and stay with cramer points, s&p declining, nasdaq plunging 1.92% that vicious rotation that i predicted last friday. i think today's advance from the abyss last year all the way to near 4300 is actually a very important landmark that you and i must explore we had a major bottom last october. we've had a huge move up since then just a gigantic reversal and we have to discuss how it happened, how we got to 4300 last time, almost there this time and figure out if we can spot what went wrong and what could go right we need to know which stocks could make us the most money when we get a true trend line this is cynthia suarez, inflection of course, not all stocks are cfo of go-go foodco., following the cycle. look at game stop. an online food delivery service. that fell 17% after hours business was steady, until... tonight when the news of the ceo gogo-foodco. go check it out. being replaced by meme king ryan whaatt?! overnight, users tripled. cohen. which meant hiring 20 new employees — but more important than a few years ago, the go-go market left and buying 20 new laptops. so she used her american express business card, many other stocks behind if you want to learn more about which gives her more membership rewards

cohen you won't want to miss the points on her business purchases. somebody ordered some laptops? doc on meme king tonight at 8:00 cynthia suarez. cfo. mvp. p.m. i know i won't built for cynthia's business. i know we've worked almost all built for your business. amex business. the way back to where we were last year. this is the all new, all electric lucid air. but you know what's really instructive? it's been an incredible ten a car that goes as far as it does fast. months since the last time we were at 4300 for example, you had a vicious as sleek as it is... september, and the beginning of spacious. an awful october to get all the way up here. we got to explore that as smart... as it is beautiful. look at what happened in the darkest before the dawn moment introducing the lucid air. that came two months after we were at 4300 in the s&p. experience the best. in other words, went down there ♪ and then we came all the way back coming into the bottom, which happened to be on october 13th, we were in a terror-filled ♪♪ market, one that was universally at morgan stanley, being panned and scorned old school hard work as usual, the bottom was kind of meets bold new thinking. murky, kind of like the air ♪♪ outside. unique and contemporaneous data to see what was occurring at at 87 years old, we still see the world this moment. i what i did is i wrote a with the wonder of new eyes, morning memo every day for cnbc helping you discover untapped possibilities investing club i went to the memo of the day the market bottomed.

my memo, which i start writing and relentlessly working with you to make them real. at 5:30 each day for club members is called what i am old school grit. looking at i led that day with a quote that new world ideas. morgan stanley. said u.s. stock futures in a volatile morning turned sharply lower as bond yields reversed and soared on a hotter than expected september consumer inflation reading. end quote. the memo continues, it followed wednesday's report showing a bigger than expected gain in producer prices last month taken together, the data shows that the federal reserve has more work to do to control inflation, end quote and that was all true. and that day the market did plummet at the open. but then the market turned, and it ripped. hallelujah >> buy, buy, buy, buy, buy, buy! >> finished up 2.6% for the day. if you're going to make a killing on that day, you had to buy the horrendous open. the bottom was hit it never really got worse than that never, ever ignore a reversal of that magnitude that can signal a total change of direction. of course, there were some pretty scary stuff leading up to

that bottom, though, the lows on october 13th on october 11th, our government announced an export ban on semiconductor equipment to china that was the harshest action we'd taken making things very tough, the investment houses were almost all worthless in their predictions. i don't want to pick on goldman sachs. i worked there i love the firm. at that moment, the firm said they had been expecting that inflation was going to cool. they thought the fed could pivot to be a little less harsh. but they took that prediction off the table right then, assuming the fed would have to do a lot more damage to stop inflation. they did, but the bullish call was the right one. now fittingly, at that same moment, brent futures were crushed. oil fell 1.5%, but it was still in the 90s what do we do with the package food stocks now that bing of england intervened to wall street seems a lot less restore order, save pensions enamored of the group because of which were hours from disaster a possible recession according to reports from the week before, it was all very time to give up on the whole group? confusing and nasty. i don't know it comes to individual performance. that's what i think. remember, you had to go through. that brings me to campbell's this we're talking about going through this period. soup you also know pepperidge farm, it didn't help, by the way, on lance, pacific, one of my october 12th, the president in a rare interview said we could

have a recession, but it will be favorites, prego, many other a mild one if we do. brands the stock had an excellent run larry summers, who really comes last year, it's long been a favorite out as a professional doomsayer but stuck in the low 50s practically all year throughout any era was talking this morning we find out why it's been stuck. about how strong wage pressure meant the fed would have to campbell's soup reported in-line sales, so far so good, but the whack the entire economy pepsico reported and put through stock got collabered because a 17% price increase management didn't officially we thought oh, boy, here we go raise the forecast, only saying the beginning of another huge they expect their full year round of ridiculous food earnings to come in at the high inflation. end of the previous guidance well, it didn't happen they saw disappointing volumes so it's easy to understand why in some area, particularly in so many people who were at this meals. that's why the stock tumbled nearly 9% today. overreaction 4300 level and went down here what do we do. blew out of everything at the i say we check in with mark bottom, because everything was clouse, the president and ceo of miserable and the future looked even worse however, if you had actually campbells soup company stayed open-minded, if you were open to the idea that maybe what's coming next mr. clouse, welcome back to "mad things couldn't get any worse money. >> thanks, jim and everyone was too negative at good to be here. >> it's very easy to say you the bottom, as is often the know what? i don't like the meal business case, you know what? you could have actually made a anymore. i like the snack business. but sometimes it's the opposite. fortune. so what i need is to be straight so let's do this because we nearly made it back dope from you about why we to the milestone of 4300 level should be not worried about the this week, i thought it would be instructive to look at the ten meal business and why we think best performing s&p 500 stocks the snacks will continue to be since the last time the

benchmark index was at 4300. fantastic. >> yeah, great question, jim just kind of take a little look, we feel very good about both of our businesses perspective of if you had held on, what would have happened and if you look over the last the tenth best performer from this period is arch capital several years through pandemics, group. if you bought this property inflation, you name it, these casualty insurer last fall, i'm calling you a visionary. businesses have been incredibly when i examined it today and resilient and performed very looked at a half dozen pieces of well as we came in to this quarter, research, it sure as heck and i think always important to start with, this was the quarter defined what would win if you we expected. this was the guidance that we believed inflation would run its put in place and when we look at meals and course you think inflation is peaking beverage, we knew we were going when nobody else does, consider to be cycling a significant recovery in our supply chain in fact, i would argue that our buying a property characterty supply chain right now is best insurer. charitable trust still owns in class in the industry meta not long after meta had a service levels are back to terrible quarter in october, prepandemic levels, but we did mark zuckerberg pivoted and lap that rebuild of inventory decided enough is enough it's time to get efficient and he did, eventually firing that has supply chain recovery a roughly a quarter of his year ago is putting a little bit of pressure on our meals and workforce. well, instagram got a new lease beverage business. on life. in fact, about seven points. so in a quarter where we were the whole enterprise figured out how to get around the apple privacy restrictions reporting relatively stable and then there is the eighth meals and beverage down slightly, you put that seven best, wynn resorts points in place, and it's

what a gutsy call, to buy a actually a very solid performance. i look down deeper into the casino chain just when tensions with china portfolio, and i look at the were on the rise parts of the business that really matter for the future, a new wave of covid was about to especially on businesses like begin? don't know if anybody could catch this one, the same for the soup where we're seeing condensed, essentially our las vegas sands, except they icons, chicken noodle, tomato, don't have any properties left in the u.s i always call it macau sands the foundation of our business even harder to see coming. performing well. cond good companies, but they can condensed, which is all about in-home cooking, doing terrific. have good stocks maybe that's the takeaway. our chunky business continues to sandwiched between the two be a strong performer and has been one of the real stars of casinos, fair isaac, a credit this portfolio as it's pivoted from being a low-price value platform you might know them as fico. product to one that's now this makes so much sense, it's scary. in the fall, many people thought marketed and positioned to interest rates were going to go protein quick lunches, really higher and higher and housing doing well for the future. would be doomed. but if you believe that housing might be fine, it made a ton of you mentioned pacific. one of my personal favorites, it was the fastest growing ready to sense to buy the fintech name serve soup in the quarter as it that dominates the consumer credit rating industry but if you wanted to take on related to share prego, pace, good complimentary more risk, i would have suggested the fifth best businesses, up 6%, 10% respectively this is really a quarter where we just had to cycle through comparable i continue to believe very performer, and that's pm pulte strongly in the role meals and

benches are going to play. home snacks, a home run quarter all of the major home builders >> right hit highs today. can you believe that >> anything -- yeah, if anything, jim, i think this now number four, first solar, solidifies the thesis that we've this was more obvious because the inflation reduction act had been telling on snacks which is just passed the last time we really about us taking a were at 4300, including huge snyder's lance portfolio, integrating our marketing and solar subsidies that was gettable innovation capability, really you want easy? how about back in the fall bringing the scale of the combined business together and you saw that, right, in 15% in netflix announced a new ad supported tier many suggested this would be good for the business. but it's actually worth a lot market growth, 12% top line more than a regular subscriber growth and now we're now putting points we just heard that from the on the board for margin, up over trade desk over this week on the show now it's the third best 14 150 basis points up against a performer since the last time we year ago and that was always the belief were at these levels sure, maybe you needed a leap of we can drive the growth, build faith to believe in netflix's these brands, and grow profit at management i know i didn't. the same time. so as i look at the quarter, i most people had no idea whether this plan could even work. think it's a good reinforcement of both of those next, nvidia all right. second best performer from that >> but let's mention pacific for a second. period >> yeah. maybe the only way to this one >> that's the highest. i cook with it is to know i named my late dog one of the things i like about it is obviously fresh. nvidia or in reality i never stopped it's terrific. talking about this stock where is there any possibility that people who got used to working we ontario it as part of the from home and they were having

charitable trust the canned soup have decided you know what? i mention nvidia at the end of the day now, i it's the greatest performing want to go out stock i've come across since i i want to see people started the show finally, there is the number one i'm not going to have the canned soup for dinner, or if i cook, winner since we were last at i'm going cook well. 4300, and that's royal i'm worried about that, because caribbean. my biggest theme since the end of the pandemic is people are i don't want to see something that's changed so to make the long on money and short on time. i actually stole that phrase thesis not as strong. >> jim, we're really not seeing from a fellow i met when i was fishing off panama that dynamic at all. >> okay. >> in fact, the pacific business i never acknowledged that it was in particular, the growth has come from our canned soup ready to serve business. not my aught authorship. and on in particular within sometimes you it's so good you have to steal it condensed, which has always been showing signs of a real turn a little bit of a question, can a catch? we build relevance with younger yeah impossible no here is the bottom line. when it looks real bad, remember consumers with condensed soup business, we're seeing that that the light at the end of cooking dynamic where we grew share again. this tunnel isn't always an over the last four years, are we better off than we were oncoming train and there are plenty of stocks prepandemic? we've seen multiple share points that can do really well if gained, and that's even stronger you're just patient, despite the when you look at that very turbulence that lay ahead. important millennial consumer. it took us ten months to get us so i actually see no indication back to 4300, a time that included some of the darkest that cooking is a behavior in

moments in recent history. if you hung on to these stocks i home is slowing down just mentioned, you made out i continue to think that our better than anyone thought portfolio with that combination possible at the time let's go to robert in of condensed soup, prego, pace, swanson broth, pacific, really washington robert >> hey, jim. positions us well going forward. and i think over time, that's i have a significant position in what we're going keep northrop grumman i wanteds to know what you think demonstrating. >> okay. about that stock and defense i want to be sure and you're excellent as always, because stocks generally, particularly you're very transparent. in light of the military activity >> okay. this is a really important on page 19, building momentum point. last time in 2011, we had one of you do have a 1,080 basis points these problems with the debt ceiling, the defense stocks all went down in anticipation of big in inflation bogey that i don't. can that change? cuts we got some sequestration. that's a bummer for me when i we had some cuts but then they started roaring saw that >> yeah, no, look, i think we're back you've got the stock here at 453. seeing moderation, but we're not it's well down from its high of seeing inflation go away 556. >> buy, buy, buy and so i think in the world that >> down 100 points, a quality company like northrop grumman, we're in today, we're going i'm telling you, i think wouldre start to live into the cycle where there are going to be parts of the business where inflation may be going up. other parts where we see declines the net of it will be less incremental impact and i think the good news is we're positioned well as we've while. taken four waves of pricing.

sell or hold >> i watched a great report i feel good about our ability to today from phil lebeau used car protect both the affordability for consumers, which is so important right now. >> right. >> while also protecting the sheet. it could go higher but i'm a balance sheet oriented profitability of these categories and that's really been the person that company is losing a lot of balancing act we've been focused money. on as a company, really for the i'm not going to recommend money losers o on? last couple years. and i think we continue to execute that very well >> well, look, i think you put us in good position for those who do not own the stock, you're going to cycle through in the meantime, snacks is the strongest i've ever seen it. and i agree with you i think things can balance out >> caller: all right and i'm really glad you came on to tell, as always, the straight story. i want to thank mark clouse, president and ceo of campbell's. great to see you again as always. >> thanks, jim >> okay. "mad money" will be back after the break. coming up, swing a cat and hit a big tech winner. oracle is one successor to you may have missed. cramer fixes on that, next

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until today, we've got so many tech winners that let's just say are a lot less exciting take oracle. the $284 billion software titan with a stock that's up 29% for the year but unlike most of this year's big tech winners, which are still well below their all-time high, oracle just hit a new high earlier today. last year when the nasdaq was down 33%, oracle only declined by a little more than 6% when you look longer term, it's been an incredible outperformer, nearly doubling over the last three years. and more than doubling if you include its dividend so how come it doesn't get much more respect, attention? because oracle is often is an old tech giant some people consider cisco o ibm. it's certainly old, but it doesn't behave like the old tech companies that so many do, which is why the stock is doing so

much better than ibm or cisco. it's even outperforming microsoft over the last few years. microsoft is one of the few old tech names that's been able to roar higher in the new era everybody owns microsoft maybe the real question is how on earth can oracle perform so well what's behind these tremendous gains that nobody seems to talk somebody the first and most important part of the story is that oracle, long a titan in the enterprise software space has quietly become one of the top players in the cloud infrastructure not too far behind amazon web service, google cloud, and microsoft's azure. by the i with a, oracle was singled out by nvidia ceo jenson wong when he gave his big commencement address last week in taipei. those three companies moved first and established a large presence in the cloud. so for a long time oracle seemed like it was left behind, would never catch up a lot of people figured oracle had such an entrenched old-fashioned software that they would be cannibalized if they

fully embraced the cloud in reality, they were rolled out a terrific infrastructure platform a lot of people didn't believe them they were wrong. the real turning point when oracle rolled out the second generation cloud platform, one that was finally compete weave amazon or google or microsoft. if you believe oracle, they're faster, cheaper than the competition. that's tough for me to believe but they make a good story their pitch is that they all can serve all of the customers' needs both in cloud infrastructure and cloud applications it's a one-stop shop that makes sense. at its most recent investor day, oracle addressed its tam in the cloud to be worth $750 billion spread across both cloud software and cloud infrastructure that's very impressive you can see the company's success here as early as 2021. but then the federal reserve declared war on inflation. all things tech were exiled into

the doghouse and actually wall street hated that transaction not me i loved it but wall street didn't like it it interrupted the cloud narrative. it was expensive and cerner had plans to embrace the cloud. they were going to use the amazon web services at first before going with the oracle cloud after the deal over the last year, wall street has grown much more appreciative of this transaction, thanks in part to cerner, oracle has been able to put up fabulous cloud numbers in past few quarters in the quarter that ended last summer, the cloud group by an afound stounding 45% the third quarter, the most recent one up 45% again. these numbers should come down once oracle laps the cerner acquisition, which brought a huge slug of business. but it's still looking pretty darn good. yesterday a deep dive on oracle arguing that companies have new growth accelerate from here that would shock me, but it would be

great. while they've got a great source of growth from the cloud, this is a very mature company that is insanely profitable and is a cash machine it throws off a huge ton of cash even after the stocks basically doubled over the past three years, it still sells less for less than 19 times next year's estimates. very inexpensive microsoft trades 29 times next year's investment. oracle uses tremendous cash flow to pay a decent sized dividend it increased that payout by 25% earlier this year. you know i love them because there is true confidence in management nobody wants to raise the dividend and be forced to cut it again in the future. that's just embarrassing so it only sports a 1.5% yield it's still a heck of a lot more than what you get from a bunch of the other companies in technology, to say nothing about the dividend approach of alpha, amazon, meta finally, during the sustained period of time when oracle struggled to grow, and that's 2012 through 2020, before the cloud business took off, these guys did one thing very, very right.

maybe better than almost any large company i know they bought back a ton of stock at ridiculously cheap prices in retrospect oracle shank its share count from over five billion shares at end of the 2011 fiscal year to get this, it astounds me, to 2.7 billion shares as of today yep, that's right. they were charging nearly half the share count for heaven's sake at this point larry ellison, often considered the most competitive person on earth now owns 42% of the company. i consider that an advantage oh, and by the way, ceo, she someone of the most amazing business people i have ever had the pleasure to meet, a true rock star. in the end, those who caught on to the oracle story with its increasingly competitive offers in the cloud have now caught a huge gain. we'll see what happens when the company reports next week. given the momentum, i wouldn't be surprised to see another set of strong numbers. but i know many of the cloud members have started to see the pain of a slowing economy. oracle might be unable to avoid

that, especially during the anti-tech rotation that just began. but here is the bottom line. even if oracle reports a not so strong number, even if it gets hit a bit, i would be inclined to look at this weakness as a potential buying opportunity i know i'm thinking than for the investing club because this stock hasn't just given you great returns. it's given you very few meaningful pullbacks over the past eight months. either way, if you're still thinking of oracle as an old tech giant, you're wrong you better reevaluate your perspective quickly, because that's a lot of stuff going on at this company. it's very exciting, that you may not know about this is not old tech let's take some calls. let's go to bob in florida bob? >> caller: mr. cramer, thank you so much for taking my call it's a pleasure and an honor. >> bob, thanks for calling what's up? >> caller: yes, sir. hey, i had a question about this stock, and i know you've been preaching don't buy this tech, kind of run-up but this company had such great earnings, and their numbers were

great. what do you think about crm here >> surveillance video, they just announced a major restructuring. you're absolutely right, bob i have said that as of last friday, i don't want to buy the text they've run too much i think salesforce can go further down, and when it does that, we can look at it. you're absolutely right. the quarter was good, although the revenue was a little slower than i would have liked. the sector is wrong right now. the sector will be right not that long from now but i do not want you to just dive in at this very moment. i do a big position on it for my charitable trust let's go to beau in alabama. beau >> boo-yah, mr. cramer glad to see you got your voice back we missed it. >> ah, thank you sure trying to keep there it i really appreciate that thank you very much. >> caller: my question, as a manager of retail outlets over here in alabama, i've started a bunch amount of cash app cards

and cash app transactions relating to square why is it so undervalued >> okay, it's undervalued because the competition is so strong there are many people who want in that business square is a very good company, as you pointed out but there are so many people gunning for them that it's very difficult for that company to -- the company stock to make headway. so that's what you're dealing with, and i thank you for the call now, if you're still thinking about oracle as an old tech giant, i think you got to reevaluate that perspective. i'd be inclined to look at any weakness in this stock as a potential buying opportunity much more "mad money," just like some of these tech names, the restaurant stocks have been a bright spot, but down over 6% today and yesterday. were the expectations too high or is something wrong? i'm going to check in with the ceo of the company whose symbol is eat and then we've been hyper focused on the home builders, but it looks like the strength in the sector has finally begun the make its way to the home

improvement stocks i'm giving you a list of names that i'm watching. they are perfect for this protation that is going on right now. and all your calls in tonight's edition of the "lightning round." so stay with cramer. we earn your trust. maintain our financial strength and stability. and deliver solutions that meet complex needs. massmutual. partnering with financial professionals, benefits brokers, and institutions. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

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this is a conundrum for me what just happened to brinker international? that's a pair of chili's and little italy here is a stock that has been under the screen winner, a big winner in the restaurant space but today brinker hosted an investor day event investors were clearly a bit perturbed. the highest this morning the

stock was up 5%. i was loving the presentation. then it rapidly plunged. the culprit? brinker set out a set of new three-year financial targets those numbers seem appreciably slower than some people thought. could this be a buying opportunity? maybe the projections that hurt the stock were a little too cautious or maybe we should be more circumspect, which has been a terrific long-term story i spoke with kevin hochman, the president and ceo of brinker international to find out a little more. mr. hochman, welcome back to "mad money." >> thank you, jim. how you? >> kevin, i am good. i got to tell you, i was confused i thought the presentation was terrific i know there was a chart put up about longer term goals. i know you spoke very honestly and eloquently about inflation and about some of the problems that you're having but overall, i thought you told a story that would indicate that you thought things could accelerate if things go well, not decelerate and i am too much of an optimist >> absolutely not, jim so the presentation went

exceptionally well i think the research analysts that were there in person and the investors saw the long-term opportunity for our business we're working on the right things to accelerate growth and do it profitably the feedback i've got personally was you guys are on the right track. this is awesome. now i do think when we look at what happened with the stock today, you know, there is a lot of different variables that happen we did talk about the slowing traffic trends, which is consistent with the industry i will say we also shared that we continue to grow market share, which tells us that performance and the things that we're working on are the right things, and our relative performance is better. we also shared about some of the investments that we're making in '24 in labor and advertising and repairs and maintenance, as well as some internal interest expense because of the debt that we have and rising interest rates. i'm not terribly surprised about some of the reactions,but i am very encouraged about what we heard on the strategy in the long-term projections for our business >> here is where i came out.

you had a quarter may 3rd. i loved the quarter. everything was terrific. and you kind of fleshed things out a little bit more, but you did talk about -- you used the term investment year, which i always worry about you did talk about the possibility that the consumer is getting a little more skittish but then i think you gave us some advertising campaigns that i think are brilliant, that people are thinking about around the country. i think you rolled out a margarita strategy that is going to be incredibly lucrative and then you stick by your four pillars, which everybody loves you came out with an strategy that i think can work. these made me feel like you know what investment here may not mean bad year, it may just mean that we're not going to accelerate as much >> yeah. it could have just been expectations are getting ahead of where we are in our strategy. i will tell you, i remain incredibly bullish about the innovation that's coming on our core for the advertising campaigns that are coming to

drive traffic and awareness on chili's. and the simplification is working. the teams are more excited than ever i'll tell you a story. one of the analysts took me aside and said hey, i was in a restaurant in westbury, new york, and i brought some investors with me. and we asked the manager about how things were going. they said you know what? i was going to retire at the end of this year, and i'm staying another three years because i'm so encouraged about the changes i've seen. kevin was in my restaurant with his team they took a bunch of notes and then we saw changes happen we're hearing those stories all around the country i would tell you i think we're on the right track there is always going to be a little bit of turbulence when you're making big changes in the strategy to a short-term stock price. quite frankly, i'm still extremely excited whereby we're going. >> what might be the toughest and what the real challenges are and one that might not be. i think your offpremise strategy because your food is served best in the restaurant is always going to be a problem. and i think the miss stay, unless you have artificial

intelligence are going to continue the harm things how can you make it so that off-premise can ever be as good as the experience, including the margis that you get at the restaurant >> let me focus on the three main reasons why not just chili's, but the industry has challenges with off-premise. number one is accuracy why is accuracy so much of a challenge in off premises mist very dining? because when you make a mistake in dining, let's say you leave off a sauce, you tell the server, we bring the sauce right now. you can't make those changes at home well can get accuracy to be better, that's going to improve the experience of off-premise. the way we're going to do that with a new kitchen display system, a very modern one that is going the help tell exactly what is needed for each order, as well as have things like touch screens where you can blow out exactly what needs to go that is going to help with act accuracy the second thing i would tell you is promise times if queer going to promise 30 minutes or 40 minutes or whatever it is, we can use

artificial intelligence. and we're going to put that in the next three months to tell us exactly when is the right time to pace and sequence the order and the last thing is packaging. and our fends in fast casual, their packaging has to travel home so we're going work with these suppliers of packaging of these other concepts that sell a lot of off premise to create more sustainable, cheaper, and packaging that holds better. i think we do those three things, the experience of off premise will get better and that will be a stickier trend for us. >> angela kinsey is great. mcknight is great. but what i thought was incredible is when you advertise on sports, you get a big lift. so those are things you obviously know where to put the money at to get the big lift those are all things that could happen in 2024 we're not worried about those. >> oh, we're super excited about that we built a world class advertising group led by our new chief marketing officer. he has brought in ryan kennedy, a world class advertising

agency and we're going to be doing three or four pops of what we saw during march madness that really changed our traffic trend. i couldn't be more optimistic about our traffic next year. >> and margaritas, you're putting in casa amigos, you have higher priced ones coming. can your customers sustain a high price margarita >> one of the most important things we're doing with margaritas, crispers and burgers is making sure we have entry level price points so if you have that amount of money, you can get into one of those four and then if you want more premium benefits, you can go up to super premium things. for example, in margaritas, we will always have our margarita of the month it will be 6 or. this month a tio's vodka with tequila watermelon spritz for just $6. uor if you want a $9 presidente or $13, you can do that too. you're always going to get amazing value at chili's, but if

you want more, we'll have that too. >> i like what i hear. people are getting in at a price that up 5 today, maybe not so good but down here, i really like the situation. that's kevin hochman, president and ceo of brinker hey, kev, great to see you again. >> thank you, jim. it's always great to be on i appreciate t >> absolutely. "mad money" is back after the break. coming up, what's on your mind, cramerica? give us a call the "lightning round" is the "lightning round" is storming the nyse, next. ahhh! icy hostarts working . with two max-strength pain relievers, so you can rise from pain like a pro. icy hot pro.

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it's time for the "lightning round. cramer -- calls and statements, plays this sound -- [ buzzer ] -- and then the "lightning round" is over are you ready, skee-daddy? it's time for the "lightning round. start with kevin in illinois kevin? >> caller: hey, jim, i bought this stock a couple of weeks ago and i'm off a couple of dollars a share. i'm inclined to double or even triple my position because it's so down like 20% and has room to run. rio tinto. >> i haven't liked rio tinto very much. i like the mineral stocks with they're really well run, like rio tinto. and i think the yield right now is still safe. so you're okay david in north carolina, david >> caller: hey, jim. hope you're having a good day, and a hometown baltimore boo-yah to you >> i like that. >> caller: what do you think of the only pure play of guzman and water park company that pays a quarterly distribution >> i think it's fine you know, you see a lot more

i'm not enamored of it i don't like businesses that are related with the weather we got something crazy going on outside. i've never seen it before. let's go to steve in pennsylvania steve? >> caller: hey, jim, this is steve in pennsylvania. >> yes >> caller: very satisfied, keep up the good work. >> thank you, man. we had a big club meeting this week that's very nice i'll tell jeff morris too. >> caller: i know you're suspicious of high yields, but i also know you like blackstone. what do you think of blackstone mortgage, bxmt >> here they have mortgages i do not know about i don't know what's in them. so i'm going to have to defer and say i don't want to recommend that i wish i could tell you, listen, i've seen the mortgages, but i haven't. let's go to eli in pennsylvania, eli? >> caller: thank you for taking my call, jim >> you're quite welcome. >> caller: hey, a big shout out from my son mason. >> absolutely. >> boo-yah, jimmy!

[ applause ] >> how can i help? >> caller: jim, i'm calming about marvel technology. >> okay, marvel we got to be very careful a lot of rumors today. they're doing very well with n nvidia i like the stock and that, ladies and gentlemen, the conclusion of the "lightning round" [ buzzer ] >> the "lightning round" is sponsored by td ameritrade coming up, there is money to be made in the home building boom but the real value is coming from inside the house. you want to be rich like me? you want to trust me on this one. [inaudible] wow! ! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. this is the all new, all electric lucid air.

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the housing bull market is finally broadening out, and that means there is more money to be made the strength is trickling down to quality companies with stocks that have been lagging behind the red-hot home builders of late we all know about the incredible runs of lennar, pulte, toll brothers a group that gets clobbered when the fed raises interest rates. it didn't happen this time even as mortgage rates have gone higher, the demand for homes is too hot. we have a huge housing shortage. there are several powerful themes, like the fact we can't build as many as we used to. we have accelerated household formation post pandemic. it's been a disaster for anyone who bet against these stocks, and a lot of people bet against them, because they're supposed to go down at this point in the business cycle the home builders escaped from the historical playbook and rally. but you know it hasn't followed them, at least until today,

anything related to home improvement oren vacation. it's almost as though the market decided people are going to move out of their homes anyway, so why bother to renovate but that's no longer the case. and these stocks are finally getting the credit they're due this is really just day one of what i think will be a decent rotation we're now seeing a recognition that if you leave your current home, you sacrifice your low to no mortgage rate people don't want to do that one of the casualties of the lack of financial discipline the previous year is cheap mortgages that turn out to be a generational event if you can't move, and a lot of people can't, mortgage application slightly negative today, then you know what you do you fix up your current house there has been a very uneven recognition of whoo what might need to be improved. the last quarter home depot talked about big projects still need being done. once it was building materials and plumbing here is what i see happening for the first time since the tightening cycle began, the stocks of these home improvement plays are starting to take off i actually noticed the trend

when i was at the cnbc-ceo interviewing the ceo of innovation brands which has the best high-end plumbing for renovation and remodeling. 65% of their business. i think it can go higher i also like azek you might have seen them last night. this is a largely residential company that makes expensive faux-wood composites that can be used to redo stairs and decking. it saves a lot of pvc from landfills. it's expense on per earnings basis, no doubt about it the earnings could turn out to be higher than expected because of the shift to remodeling the ceo is doing a terrific job. now there are some new ones that are starting to move, even though they reported weaker quarters, thanks to the post-covid hangovers here i'm thinking williams sonoma they had a relatively weak quarter. that's the one section they're really involved. in they're now complete. the stock still sells a at ridiculously low nine times earnings for the first time i can recall,

williams sonoma is a value stock. i've been worried about whirlpool. i thought it was going to sell its huge european business and take the capital and pay down debt it had accumulated when it bought insink rater from emerson. what made this a convoluted teal, actually obscured value. now it sells for just nine times earnings i'm calling that one tempting. finally, i really like the buying the stock of stanley black & decker the fabled tool maker that has made some forays into industrial equipment, a business i think they can sell to unlock value. we heard its numbers are in line so far that's a big change for certain. if the company can sell any of its industrial divisions, including some strange aerospace business, i bet you could have a real home run call here. yep, it's time to go beyond the home builders into what goes into a home. those are the best with the last stanley black & decker being maybe i would say having the most upside. they're all pretty attractive, though now that we've got no choice but

to stay in and fix up our homes. i like to say there is always a bull market somewhere. i promise to try to find it just for you right here on "mad money. i'm jim cramer see you tomorrow "last call" start news hi, i'm brian sullivan in tonight. let's make a deal. could the ouster of cnn's ceo spark a sale of the unit and maybe some bigger deals? speaking of deals, will regulators shank the union between the pga and liv golf game stop canning its ceo. its shares plunging after hours with a cryptic tweet from activist investor ryan cohen we'll have breaking details. tesla on a red hot win streak but the road ahead may not be as clear as some investors think. going down the drain martha stewart