i'd do it through etfogld. time for the final call. tip it off with brian. >> trim your -- >> put spreads. >> mike, adobe. >> all right, we'll my mission is simple, to make you money. i'm here to level the playing field for all investors. i promise to help you find it. mad money starts now. >> hey. welcome to mack mad money. i'm trying to help you make some money. call me or tweet me. not like complacency to make

everything way to -- it's almost like people think that a bell went off. it is time to sell bonds and understand the wonders of the stock market. this is a surprise to regular viewers, i do not trust a benign market like this one. it is supposed to make you panic. if you started buying today, you would not have much in the tradition. you have a fear of missing out. now you need to focus on what can go wrong. if we will get a usable surprise this week it will come from of the federal reserve.

i'm not feeling all that confident about it either. too many things can go wrong, not enough can go right. let's not jump the gun. let's check out the game plan to see what awaits us next week. the oracle reports. especially for the cloud efforts. he is the visionary ceo of nvidia. he is the oracle of ai and he called out the role of oracle ai. it is relatively hard stock to understand. there is a lot of stock and a marketable performance. you could buy a little bit before. see if it goes down and then buy it after.

it is down on the corner and then buying higher. there is something here when it comes to ai. at the data center and ai presentation on tuesday there are some good things happening. i have to tell you something, it better be. it is multiple points down from last quarter. it has come up too far, too fast. it is a big deal. could have some kind of pact between microsoft and hp. it had better be a doozy. this stock has become too hot to handle. all i can say is, we told people to buy it. you cannot keep buying. home depot has an important analyst meeting on tuesday too.

they reported a weak quarter last. this is in the home depot gardening season. people are buying things, that has changed. people are fixing out their own homes. they cannot sell because they do not want to lose the low mortgages over the last few years. the consumer price index. the price level is still too high. brent has really come down. you know what, we are getting a new rash of food inflation. things are too expensive out there. why do i care about the absolute price level of food. there is inflation data to see if they will be holding off raising rates this year. skipping the rate hike this time. the halt from the open market committee can still have it running too hot.

we know that the consumer has softened her spending. she is not doing better than 2019. that according to the feds was a very strong year. making it clear that the data is running too hot. he cannot beat inflation. let's give you reasons why there is actually a pause into the rate hikes. this will be a shock to the next meeting. i think that he will feel more compelled to be more hawkish than he already is. why we cannot seem to get inflation down where it should be. this has defied the odds. putting up amazing numbers with gross margins. they would be losers in the feds of siding cycle. the long-term treasuries are

struggling. the playbooks are useless. on a group that should be half of where it is now. coming right after the press conference. more expensive houses, more expensive labor which is of inflation. we have the investing club meeting wednesday at 12:00 noon. we have more ideas. if you are a member of the club, shoot us your questions. we will try to answer them the best that we can. if you are not a member of the club, what are you waiting for? there is one thing i never get tired of, it is self-promotion. starting with retail sale, this is why i have grown more cautious. saying that we do not need to hike, retail sales will not go up immediately. everyone will say that the rate

hike is inevitable. this is in the we saw from kroger on thursday morning. not enough good stuff to report here, i fear. a deal that i think will not let happen. she will say that there is no safe harbor. that will make sure it is not competitive. i bet they will have to. i do not know if that is a win. even if they do not have that much overlap. oh dopey stock has been doing okay. over the past month and last few days, it has gone higher. we have heard endless discussion about ai. it is true that adobe has crucial tools that are peered well with this technology. it is incredibly important. can we just say that the stock has been discovered. we will call it discovery, that is what it is.

i like adobe, you do not have to say it. i like adobe very much. we hear that consumers are worried about a recession. wages are not keeping up with supermarket inflation. maybe this will help us figure out where the consumers had really is. will the consumer stop spending and start spending in anticipation of being laid off. not a good scenario. they will support victory. not like a cease-fire like they did on wednesday. there are still a lot of things that can go wrong on the market. many more than i thought. a lot more than when we were lower.

prepare yourself. come join the investing club. sam, in pennsylvania. >> i'm back here in philadelphia. things are not going too well, hopefully things get better. >> we were supposed to start next year. >> thank you. >> anyway, i could not help but be bothered by the poor air quality that has gone through. it seems to get better. my question tonight is regarding a company i continue to see more and more. every year that goes by, i am seeing more yeti branded bags and beachwear. this company has a market cap of $3 billion. $1.2 billion in revenue last

year. i feel like this is a luxury brand that is developing here. >> i see it everywhere too. you know what, when you look at the actual valuation coming, it is not cheap and it is not expensive. it is flatlining. we need a catalyst. i do not have a catalyst to pull the trigger right now for yeti. i like it, not enough to buy. angelo in new york. angelo. >> my question for you, i bought for looker, now at 25, should i buy another 900 shares? >> we made a bad mistake here. i want to say that mary watches the show, mary, please come back on mad money and tell us what to do. we have faith in you. did we just make a mistake?

please help. the market is in a very different place right now. be prepared for one, raise a little bit past, so that you will be ready if it happens. it was a tough one to be a screening company. we have seen a torn in paramount global, could this be opportunity? that would be a change for me. i just told you i do not trust the plastic market. we will see where the snp are sitting. this company called aerotech called dj bt core. this is a company that i really like at the airport. more details about this story special deal. stay with cramer.

>> do not miss a minute of mad money. if you have a question, ask cramer. rge jim an email. foivus a call. miss something, go to mad money.cnbc.com.

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even a term policy. for cash, or a combination of cash and coverage, with no future premiums. someone needs to tell them, that they're sitting on a goldmine, and you have no idea! hey, guys! you're sitting on a goldmine!

come on, guys! do you hear that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. with anything connected to advertising, a lot of them come running back. holy cow, with the recent crackdown on password sharing. there is one media stock that is down. the worst performer of the group. paramount global that was doing

much better until about a month ago. when the year began it was only peaking at $24 on may 1st. they are in a battle with media warner bros. with a heinous quarter. they reduced by nearly 80%. it still has not recovered from that meltdown. there is a lot going down at paramount. wall street now expects $.66 per share. $4.30 in 2020. the pre-cash flow turned negative last year. down $500 million. this year it should be even

worse. that is a house full of awful. but there are some incredibly smart people betting on the turnaround here. the largest shareholder has more than 15% of the country. fox is not immediate. they are the new redstone family amusement. a goldman sachs investment who is a really smart guy, i know him really personally. those guys are varies hard. really well run. that is great for the confidence. a total head turner. what does he know about paramount global that the sellers don't? i can think of a few reasons. all three of those people, they are so smart.

you do not want to bet against them. they are on a warble trajectory throughout the next few years, 2022 might be the year for the earnings and cash flow. this could be the peak investment of content for their streaming platform. they have been saying last year that i do not think they can go against it. they invested really hard in streaming. with both of those problems, they could be temporary. paramount has done something that i did not think that they would do. they have laid off a quarter of their domestic laborers last month. a tiny bit of stabilization. put it all together, streaming, investments, advertising and you can start to have more confidence that the earnings have grown here.

that is he fundamental bookcase for paramount. that is why you would be buying. there is another aspect of this story that does not get enough attention. i'm talking about sports. forget about original content. first there is football. one of the core media partners along with fox. nobody else comes close. they do not make a ton of money off the nfl, they don't care. it is a perfect lead-in for other programming. or they have commercials that shows what they have. they also have the rights for college football too. sorry to all the other conferences, there is the s.e.c. and the big ten. now after a new contract that was signed last year, they have the big ten.

starting this year. speaking of college sports, they have the rights to the ncaa basketball tournament. they have the rights for many of the pga tour basketball events. they announced that they talk to this week. and arguably, cbs which belongs to paramount. the most underappreciated aspect and why i wanted to do this piece to begin with was definitely stock. the world's most popular sport which is catching on in a big way in america. it has a long way to go. they have something called the champions league. club soccer teams that have won or finished near the op of their own national leads. they compete every year for the title of the best soccer team in europe. even if you don't like soccer, you should check this thing

out. the final is being held in -- going off against the italian series. it is like nothing you've ever seen. i'm not kidding. all my friends are as glued to this as i am. with 7.5 hours of programming. i am happy to see this lineup. i do ot think paramount gives them enough coverage. they are sitting on a gold mine. they picked up the rights for six years and that only cost them 1.5 billion. that is the smartest thing this company has ever done. if apple were to buy paramount, which is something that regulators would never let

happen. they could still make a bunch of money merging with mls tv. this one soccer league could actually be worth more than the entire up-and-coming of paramount. even with the prices flying around, they have had a very bad run over the last few years. dividend cuts just over a month ago. when i see smart investors here, i think it makes ense to think that they can make a comeback. a come back. here is the borderline, extreme investors this year, the cuts are already happening. they should start growing again. it will start looking incredibly cheap. simply not getting credit for these levels. they cannot tell their own story. believe me. i'm willing to tell the story.

i will take a leap of faith on paramount. i think that all of the negatives are already in. mad money is back after the break. coming up, the independence day rally. let freedom ring. next.

the s&p 500 is up and people are suddenly realizing that we have a full market. whether we are getting too complacent. i'm feeling it. tonight, we are going off the charts to take the market

temperature. our resident volatility expert. he likes to watch in the index because it can show you when investors are feeling for right end for more confident. that lets you spot situations where you are more likely to change course which is what we care about. the s&p 500 and the volatility index on the bottom. going back to the beginning of the year. on january 5th it wrote higher. in the wake of the silicon valley bank failure. not a round-trip situation. more or less did what we come to expect from last year. it stayed around 20 with a big pop every time the stock market pulled back. when poorly run regional banks started going under.

by the time april came along the picture changed. in the first quarter, it was roaring. never really seeming to go away. now that is no longer the case. it just plummeted. from mid april through mid may, we saw it go 20. very low. into the mid-teens. extremely low. the volatility index would bounce every time the s&p pulled back. which is exactly what we want to see. we had a nice period where it went high and was lower and lower. people get less fearful when stocks go higher. at the end of may when we were worried about the debt ceiling

debacle. everyone of course was very scared. the volatility index plummeting to much lower levels. next, the daily action of the s&p 500 towards may. remember, that is what we are looking for. this goes down, this goes up. that is nearly a 5% move. plunging from 50 to below 14 on the same period. that is nuts. you expected to fall three quarters of a percent. this is extraordinary. we were talking about this. this is a miraculously low level. what does this say.

remember, one thing that he looks for is the relative underperformance and outperformance. right now, the volatility with it, we do not have much to worry about. sounds good. that is only short-term. that does not mean that the rest of the year will be smooth. take this worth a grain of salt. thanks to something that no one is talking about. the rise in the popularity of options with zero days expiration. one of the craziest things i've seen in a long time. these options are like regular options. you are paying for the right to buy or sell. you lose that right at the end of the day. trading options are not high risk to begin with. trading options that expire

within hours, that is russian roulette. they are playing it like mad. maybe it is no longer stated by crypto. that is why these are incredibly popular. 40% of all of the options. i did not know that. that is crazy. that number is closer to 20%. yesterday, it was around 50%. being sold for a quick premium from buyers that do not know any better. it could be ill advised. when people make short-term bets, volatility will explode. it might not happen immediately. i will write it down so you know. this is a dangerous set up. dangerous. that is your take away right

there. we know this because sebastian reminds us that we saw something very similar in one of the dreaded parts of the year that i can remember. early 2018. in exchange product that is an easy way for investors to go against volatility. it is way too popular. there were more assets under management in the future could handle. it lost a 93% of its value. spending the next seven months on it. it blew up and we have this tremendous buying opportunity. there is this breakdown. i remember this. this is when the eagles went to the super bowl. it was just nuts. take a look at the daily charts.

in 2017 and 2018. we are going to the exact period that i mentioned. the extreme meltdown is coming. it is when, not if. there could be too many options that i've gotten too big. this is a possibility, they are big enough to overwhelm thefutures. a major decline. at that point, all of these short premiums cover and that will push the market lower. with short premium sellers who do the same thing. just like what we saw back then. fortunately, sebastian says that you can see the eltdown coming. before the blowup in february of 2018 that i mentioned, spending the previous month rallying. that is not supposed to happen. they are not supposed to go in the same direction. the rally might collapse under

its own weight. sebastian wants you to keep an eye out for that kind of action. i keep an eye out constantly. i have heard these from sebastian. we will focus on these incredible options. the chops charts expecting eyes rally around the fourth of july. i think the end of june is going to be rocky. a rise in zero day auctions. unexploded landmines. sooner or later, these options are going to detonate. watch out. questions. >> volatile week, jim. today i finished a half eaten

bacon classic out of a city trash can. could this iconic sandwich be the catalyst that we need to see the all-time high >> if they are going to roll throw that away, my wife loves the bacon eater. the end of the month was very strong. wendy's is good. the bacon nader is better. >> your thoughts on american eagle? short-term, long-term? >> that one really scolded me. i was one of the worst goldings i have had. when i see it in the mall, i go away from it. i'm afraid of it just because it hurt so bad. i'll have to say no on american eagle. mark sebastian points to a set up for the s&p.

you will overstay your welcome. a burst of volatility at some point when the short-term options explode in our faces. with oshkosh and gm. what about fire trucks and bacon eaters? i'm telling you the leader of the space. and then i do not want the new market, i want the old market. and all of your calls, rapid fires on the ightning round. stay with cramer. this is the all new, all electric lucid air. a car that goes as far as it does fast. as sleek as it is... spacious.

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oshkosh that makes equipment for vehicles and all kinds of other niche vehicles that i like, the gbc arrow take users with support gear and service for commercial airlines and military. i like this deal. the stock had a nice run up late last year. we topped out 106 in early february and mid may. now back to 83. for this aerospace acquisition will it do the trick? they have seen their stock dropped more than 5%. you do not go through that unless it is a beautiful

transaction. on the future of the business, welcome back to mad money. >> thank you for having me on a friday afternoon. >> once again, the acquisition that nobody can compete against. i tried to find competitors against the company that you bought, i do not see any. >> we really like this acquisition. we have been working on this for a little while. three or four years we have been interested in it. our sweet spot is designing and developing and applying technology, autonomous functionality. that is what these are. we support the tarmac every year with airport rescue and

firefighting vehicles. this is an opportunity to expand into other vehicles at the airport. >> on your website you have been saying that you use a lot of ain machine learning. tell us where that fits in. you have a lot of different business models with ai. >> we use it all the time in our defense vehicles and when we look at the airport markets, we like these markets ecause where we can apply autonomous functionality will help the operator that is using the equipment that will do better work making it easier to use. it helps the customer. they want to load cargo and get people on and off the aircraft quickly. people on the airplanes want to

get off and on quickly. this allows us to get those vehicles more precise, more easy to use so that from the time that the airplane gets to the gate, it is more efficient, it is faster, that is what customers really want. >> of course, the oracle ai. one of the things that is going to happen there will be a lot of devices that will be run robotically and not by people. that can save a lot of time and money. is that the case? >> absolutely. that is absolutely the case. we see that happening already. right now we have already removed people from the refuse collection environment.

we have a driver that can operate the functionality of the vehicle without someone on the back. we will see the driver get more productive. they can cover a lot more stops with every year that goes by. ultimately, some applications that we can see, some applications will go completely autonomous. i think the airport ground service vehicles are no different than that. the continuous evolution of autonomous functionality will allow better productivity that can go completely unmanned. >> this is what we have to have if we have a lot more people which we are not. of the infrastructure and jobs act, what is your mark? can you apply for that? how can you tap into some of that money? >> i'm not really sure at this point. i will tell you, it is a good

thing. always a good thing. we have benefited from that in the postal contract. what we like about the airport marketplace, it has our sweet spot of what we know how to do. this industry is growing. when you listen to the ceos of the airlines in the cargo carriers, they need to expand capacity. airports are adding terminals, renovating terminals, you cannot add capacity with a terminal without adding equipment. we like the secular growth of this industry over time in north america and around the world. we see it continuing to grow. one of the other primary reasons we like it. >> still going for a strong part of the economy right now. >> it is phenomenal.

we continue to build some of the early units. we have customers that are really excited about these vehicles. if you remember, we had one out on wall street. when you and i last et. this is a phenomenal product. it is now happening in refuse and recycling collection. picking up at 7:15 in the morning and took us for a ride in one of the zero omission recycling in refuse vehicles and it was awesome. it is wholly electric and zero missions, we built it for the operator for the first time ever to help them to be more intuitive and more productive. easier to use, safer, it will really be a fantastic product. the customers absolutely love it. >> your stuff is the toughest

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the lightning round is sponsored by td ameritrade. >> it is time. it is the lightning round.

are you ready? >> hey, mr. cramer, thank you for taking my call. a very interesting biotech company i have been following for a number of years and investing in. i think it is finally on its way. >> we have been waiting for that cancer drug to pay off. congratulations to them. how about miguel in vermont? >> this is miguel speaking. i am honored to have your attention. i would like to know your opinion on a mirror prize?

>> it is a good solid but i don't think my viewers would like it. what matters is making money. jay, new york. >> boo yah, mr. cramer. >> that thing is so hot. i can't go there. 52 is high. i would rather take profits than by year. let's go with chris in new york. chris. how are you doing? >> the chill man is doing fine. how about you? >> i've been watching you since nvidia. >> that was the single line. >> that was a good one. thankfully, i have gotten a four digit purchase out of it. >> wow. there is that cash flow.

when you are in california last week you express your views on nuclear power. >> it sure is. sure is. >> i stumbled across this company that has 4% dividends and had a third reactor, online to 100% capacity. the next reactor will come online 2024. it has been burdened with dividend and overland costs. >> right. i want to know what these cop outs are? >> it is okay. i think you are in good shape. ladies and gentlemen, the ir lightning round.

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oracle reports results for investors. closing in overtime, 4:00 eastern. >> in with this new market and how with the old one. people were so terrified that they freaked out and sold right at the bottom. now you start hearing about the new market. what happened to these people a months ago? let's check out what happened. we have the idea that inflation has hit its peak.

this is the consumer price index number that was so hot that we knew the fed was not done tightening. what matters is that inflation never got hotter. that is the real reason that people wanted to buy. it took the life out of this market to turn and reassure its own leadership. we can argue that the margate anticipated a love affair with artificial intelligence. rad talking about what if ai ignited last fall. many people did not pay attention to nvidia on the time. even those who are ready for the eai bloom, chat gpt really

took the world by storm. their earnings have held up. this is when inflation peaks. amazon, apple, microsoft, the leaders from the bottom. even if there were some that took place until march. this is when the silicon valley bank caused the banking crisis in this country. there are a few reasons why. they are cheaper now than any time in recent memory. this is a reason to buy. the banking crisis made them look more attractive relative to the other stocks on the market. these tech outfits needed none in order to execute their plan.

they are sitting on mounds of money. in other words, when the banking crisis hit they are back there. back in march, you will be blown away on how it is exploding higher and nobody is looking. now for the cnbc investing club members, people are getting excited for the market. taking up stocks that i consider unworthy. these stocks with difficult prospects, now, overnight, they run the market. this is wrong. it is wrong. the wrong time. this kind of bogus leadership has led to losses. there is no hurry, there is plenty of money on the sideline to work its way into the

market. right now there is a fed meeting last week where we are looking at stupid rate hikes. this will begin immediately after the press conference ends. this is not the time to trade up. it is time to trade out some stock. then wait for lower prices. i will try to find a here just for you on mad money. see you monday, last call starts now. there is one sleeper section where there is time for you to buy in. the netflix crackdown where more streamers will follow the money. jeff bezos just did something odd and it has investors scratching their head. forget online shopping, what about live streaming. that is