>> dan >> pfizer. >> fun show. >> because we are all here nice when we're together, isn't it a amat, mel. >> thank you for watching "fast money. see you back here tomorrow at 5:00 meantime, "mad money" with jim cramer starts right now. "mad m cramer starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make a little money. my job is not just to entertain, but to put the whole craziness into some sort of rational world. so call me at kuala lumpur or tweet me @jimcramer. another day of endless complaints of how this market is

too narrow to be tested. [ booing ] >> even as the s&p climbed 0.93%. the nasdaq jumped an astonishing 1.53%. >> hallelujah! >> so oh wise intelligent people keep ringing their hands about the market's bretz they say it's too narrow i say they aren't done their homework maybe they just see only about 10% of the s&p 500 has hit a new high in june, or just over 20% maybe if you include may and they think that's way too cloistered to be any good. it's a darn good start for me. when they try the mark, 75% of the gains from s&p come from only 10 stocks, the magnificent seven, apple, amazon, microsoft, nvidia, broadcom, amd and salesforce, which we're going hear from later in the show. i hear all day, i'm not kidding, all day, that this market can't be real if tech's leading the way. real somehow that means this whole

move is slight of hand legerdemain? plus, there are other stocks in the mix. service now, they had thousands of customers from every single industry hard to be broader than that customer base. how about oracle a terrific quarter, great cloud revenues i'll take the 12 points you made in that one. you don't want them? i'll take them you don't want the 20 push you would have made in adobe i like that one 52-week high i guess that's not allowed two semiconductor equipment makers, they join the new high list, as does these are all stocks that we favored industrial chips, cyber security, they've all been on the show we like them tech is a bigger and broader sector there is nothing narrow about the winners in tech. and if you own them, which is what matters, right, isn't that what we're doing here, there is no asterisk that says bought in a narrow tech-driven market. but my bigger point is, despite endless qualms about narrowness, there are indeed plenty of

nontech stocks that are roaring here i want to start with home building, okay, because that's a pretty good place. think about it the industry only takes about 10% of the economy it punches above its weight. i see lennar, dr horton, pulte, they're making new highs to me, that's phenomenal especially when you consider that the home builders are supposed to be struggling after all these rate hikes maybe the nation is waiting for every home builder to be on the party? how can you ignore when you make a judgment of a tape led only by tech you're an ostrich if you do that part and parse well the home build sers road building you know i like the road builders they come on this show too vulcan materials, those guys are smart. the new high list on the list before you pull the tricker? maker of mccab this is just crazy those are category-defining companies, and they give us tremendous breadth by their

clients alone. okay, they're not uhuge companies, but they're not small either are we not counting below five billion? i hear lots of moaning there aren't any industrials breaking outside. i count were boeing. that's an industrial general electric, industrial calumet, too small each are in aerospace. here is a gigantic industry that is on fire, and there are literally hundreds of thousands of suppliers in the aerospace business thing will be many more 52-week highs. it can't all happen at once. you can wait for the rest of them to join the new high list, or you can try to make money right now in the others that will likely follow companies like a boeing or a ge. there are industrials, climate control, and they're breaking out all over the place the best example of this one is a company called eaton if you want to wait for emerson, which a charitable trust name to get on the trust before you pull the trigger, be my guest

i don't care but i plan on telling people at our investing club meeting on wednesday, you can't be too early in this tape when it comes to long-term sector winners like eaton or maybe hopefully an emerson if they get their act together then there is ingersoll, they web w.w. granger, motors, pumps, heating, ventilation, power tools, paccar is doing well. but maybe the naysayers say you shouldn't qualify. baker doesn't work it's not an industrial i don't know it's so frustrating for me here is one. look, you watch tv, right? you watch these shows. what the worst industry in the country? commercial real estate, right? come on. and then what the heck is otis worldwide doing on the new high list they make elevators for commercial real estate, for heaven's ake but that's precisely what i'm talking about when i say the broadening out maybe it's because ceo judy marks is incredibly good at what

she does she has taken otis to a level it could never been when it was burdened by united technologies. but if you want a industry le leader, 80 otis. you know what that is? uniforms for the small and medium-sized businesses across the country. tough to get broader than that, right? not that the thumb-sucking idiots know what a cintas is google cintas. google it. a lot of people think that the consumers that hear that, darden is on the new high list. that's olive garden. you've probably gone there they have really good rolls and a endless salad bowl to me that says a great deal about the markets broadening out. look, you want to wait for mcdonald's that's what you're waiting you're weight for restaurant brands you don't want to do anything until you see wendy's? it doesn't work like that, people there any more discretion than a cruise carnival, norwegian and royal caribbean are breaking out but maybe people are long on

money and short on time. how about a beer withthat vacation how about a beer with that diversification? molson coors is on the list. you can't get molson coors on the high list without people spending money when they are out bringing home a six-pack to watch a game this is what matters tesla does not control that, okay it's not like he can't buy it because apple is on the new high list you to wait for wall hart to go up another 54 cents, so be it. i'm sure there will be people who pronounce the market better when walmart goes up i want to get in before cwalmar. why wait i know we should have had something that represents the auto industry besides tesla, which is invisible at this point. makes the best equipment to diagnosis and fix vehicles that's more representative than most, though we do seem to forget that tesla is an oil company and not a faang. we have fair isaac people must be bore reing,

checking their credit. how about moody's, issuing bonds. how about health care? you have diabetes and surge of robot powered surgery. cardinal and drug distribution. these are sign that there is more pharma being used biogen has a story, but if you go beyond the s&p 300, being bought by big pharma how about a conglomerate that includes the sale of railroad, multiple insurance companies, candy company, huge stakes in american express, coca-cola, apple, host of oil and gas outfits. yeah, how about berkshire hathaway does that not count? does it not count that they made the new high list on friday? to me it means something i went into this really great detail for one reason. sure, most of the gains in this market are indeed an aggregate concentrated in a few of huge tech companies but that's because those companies are so large, big market cap their aggregated strength is masking all the positives that

i'm talking about. this is what we trade. this is what we own. tech is a leadership group of course, but i worry you may miss some tremendous opportunities in this market because you're being told endlessly the concentration is bad and nothing else works. until it starts working. and then those people who won't ever acknowledge that they said oh, you can't be in there because nothing else works, once they start working, they're gone they'll never apologize to you we have tons of winners outside tech, which means it might be healthier than you think even though it can still go down, a tough day tomorrow, i'm not saying you don't sell anything i never want you to be greedy. if you've been scared to be large any in cash, maybe you buy the dip. here is the bottom line. the strength away from tech is now undeniable it's time to open our eyes to what's really happening rather than being blinded by the big cap tech lights. let's go to robert in georgia, please robert >> caller: yes, jim. thank you for taking my call.

>> you're welcome. >> caller: and thank you so much for your guide to investing. it's really set me up for investing my iras at home. >> that's what i want. horse sense. >> caller: modernia. i bought into it at 156. now trading around 121, 122. i know it's got a lot of lawsuits is it time to flush it >> now, down 31% for the year. we've had him on the man has developed an incredible vaccine template that we're all going to be using some day. you do not sell that stock i think you could buy more moderna. how about kathy in indiana, kathy? >> caller: boo-yah, jim. a first time caller. >> all right >> caller: i appreciate you sharing your knowledge what's going on with dollar general? it dropped so low so quickly, it caught me off guard. >> kathy, when you go through that conference call, that was one of the worst conference calls i have ever heard.

that company has lost its way. i want to go to my dollar general, right near my place in pennsylvania and ring somebody's neck the guy behind the counter is terrific it ain't his fault it's management. i know everyone wants to focus on the narrow leadership and how the market is therefore not any good. >> they know nothing >> all the other names that have been moving higher and then some. "mad" tonight, we're not wasting your time. i'm talking to the head of a company that is taking food waste and turning into it sustainable products and energy. darling ingredients. i'm a little fired up. sorry. and salesforce held its a iday and we were on the ground to learn all the latest developments with the cloud kingpin. and what's it going to take to get mp materials back on track short-term i'm not sure let's get to the heart with the ceo and find out 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 miss something he tmaon.cc.m.ado dmeynbco ♪ old school wisdom, with a passion for what's possible. that's what you get from the morgan stanley client experience. you get listening more than talking,

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few stocks are misunderstood as darling ingredients this is the largest publicly trade company that turns edible biproducts and food waste into sustainable animal feed. a few years ago joined valero to create renewable fuels, biodiesel. even though this is a small part of their business overall, somehow it's caused darling to trade like an energy play, not a food price

that means it gets pulled every time the price of oil comes down, like today given that darling ingredients put up excellent numbers a month ago while raising its year forecast, setting up more than 8%, maybe it's an opportunity, especially now the thing sales for 11 times earnings and regulations seem to be going their way worldwide. earlier today we got a chance to speak with randall stewie, the chairman and ceo mr. stewie, welcome back to "mad money." >> hey, thanks, jim. >> look, last quarter, you had three divisions, all three better than expected margin expansion, top and bottom beat what do you think -- what do you credit all three doing well at the same time? >> you know, it's really the global diversity of the platform we've belt over the last ten years. operating in 23 countries on five continents. it's kind of a well-tuned machine. sometimes all of them line up. if you will, it lid did last

year the year is setting up the same way. it's very strong across all product lines here you know, the world's got to eat. the world produces meat. the world produces energy. we meet all those needs. >> since i've seen you last, something very exciting. you're going big into the sustainable aviation fuel. i know we're still early, but i want you to talk about it with people people don't think this could ever really take place >> yeah, i mean, at the end of the day, it's a decarbonization solution that we offer out there. we were one of the leaders, if not with another company that kind of founded the renewable diesel business in the world and now phase 2 is taking that cut of renewable diesel, making jet fuel out of it you know, the airlines have pledged 11 billion gallons of consumption in the u.s a similar number overseas. we're taking a first more advantage to our port arthur, texas facility and convert half

of it over to jet fuel we see a great market out there. we see a chance by location economics. we can move by pipeline to the big airports in the central and northeast, or we can move by export if europe becomes a primary destination for it so we're positioned very well. it's early in the market, as you say. but we're starting to watch the margin side of that business develop very nicely. significantly better than what i would say the road diesel business is. and, you know, we're under construction we'll be down there in a couple of weeks we're driving pilings, and hopefully be up by the end of '24, '25 >> boy, i'd love to ceci that when you get that done the other, this butterball agreement. maybe if you walk people through this, people will understand the greatness of what darling dunn does. >> it's real simple to us. it's a model that we have templated for the last 20 years with my team and that is you find a customer.

you identify or supplier in this case you find out their needs, and then you take the technology that we've developed all around the world and create economics that they can't produce themselves and what i mean by that is butterball can clearly build their own processing facility. but by having us as their partner, it allows them access to partners both domestically and around the world for their products that they can't really access on their own. and ultimately, it allows us to build the facility at a scale that's going to bring them improved economics and hopefully the goal for us to accept them grow and we grow with them, and ultimately we have a little more feed stock for sustainable aviation fuel. and we have great pet food value added ingredients and butterball's brand continues to be a premium, one branded out there. >> i never want to -- i got to stress this. are people using collagen to look better?

>> well, i'd like to say it's working for me, jim. but, at the end of the day, it is fabulous product. we've seen double-digit growth last time i was with you, i couldn't really talk about the acquisition. we were waiting on brazilian antitrust authorities, and we bought four more plants in brazil, one in paraguay, one in the u.s. got brazilian antitrust clearance. it gives us about 1/3 of the world now of the capacity to make collagen products the beautiful of the collagen product as a supplement is that it provides i believe 27 of the 28 necessary aminos a sits and ultimately, you're in that supplement nutriceutical world with some claim is a little voodoo at times. but at the end of the day, we're seeing absolute health benefits in join health, skin beauty, nail growth, hair growth and ultimately, it's a product

that versus other products it becomes water soluble it opens up an arena of application in both the food and the cosmetic world that wasn't available to a lot of other products before. and kind of phase 2 and phase 3. ultimately phase 2 for us is isolating the different amino acids so that you can look at gut health, potentially dementia, insulin reduction. there is lots of neat things in that arena are thae going to develop over the next two to three years. we're a leader in it and the next final piece is really in that biomedical area where we really ultimately believe we can create injectables. we can create wound hearing. we can create biomedical devices from that collagen molecule. we feel strong we have the supply chain around the world of all of our vaceries working with the slaughterhouses to segregate that skin or that bone that can be converted into collagen, just

as a natural growth vehicle for us. >> i love these n markets. you had an amazing quarter fantastic business and i know our viewers love the esg, what can i say, because it is real. it is obviously not green washed this is randy stuewue. go to their website. they're very, very good. thank you so much for coming on the show. >> thank you, jim. >> one esg is real opposed to ph phony? >> that's darl back after the break coming up, the ai revolution will be televised. and you know salesforce has a key the play stick with cramer.

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i want you to knower about this company is already doing in the space, and the new initiatives on the way we got a chance to speak with marc benioff, the co-founder and ceo and chairman of salesforce take a look. >> marc, i have been using salesforce and was an old-fashioned customer here's what i knew you had ai before anybody. why do i need this product >> well, jim, you know i've been an ai fanatic forever. but this is a whole new moment in artificial intelligence this is the time when we're moving from what we call predictive artificial intelligence, which is machine learning and machine intelligence. >> right. >> and also deep learning. but by expanding these neural networks, we've created this generative artificial intelligence and a lot of folks now because of chatgpt, there is over two million users of that. so a lot of folks are experiencing the power of this >> customers need to do this why? >> well, you can see customers are going to be a lot more productive than ever before we just had an opportunity to

talk to gucci. >> yes. >> they've been using our product for over a year in their call centers and their contact centers, and they transformed their call center agents who were just service center agents before and augmented their capabilities and now, they marketing agents and sales agents and commerce agents and they can do so much more i think a lot of us know, have used these generative ai products we understand more we're capable of new things. when you're using the products, you're going to be a lot more productive. >> do you think there will be more hours per week for people 20 do the job? >> i think you're going to find your company has very high levels of productivity we've increased our engineering by 30% alone using degenerative ai that's amazing when you see the new sales and marketing tools, you're going to get the same boost of productivity so i think you're going see great new capability for companies. and i think you're going get a

surge on i.t. buying every ceo now needs a generative ai plan. what we're going to see is every company needs to reevaluate, including salesforce, what i'm doing. every company. what are they doing to take advantage of this incredible to edge to make their company morse productive >> i always love the predictive. generative sounds like you can personalize at a level where there are people who would go to another customer if they felt that they were alienated by the salesperson at your company. >> one of the things i found so interesting about generative of course irthey're all driven by these large language models which is the next generation of artificial intelligence. it means a larger version of what we called deep learning before but jim, the thing that's interesting is these large models are hungry for data they're like huge vacuum cleaners sucking up as much data as they can.

all over internet. that's how chatgpt it's the ultimate plagiarizer. it steals all the data it can get. it's getting it back auto you, but it can also be the ultimate liar it came up with cases that it hallucinated, cases that never existed. >> if i'm in a bank and i'm a loan officer, and i need to get ten loans that day i do three because i'm writing the same thing over and over again. >> i was just with one of our very large bank ceo customers in new york oh, this is great. i'm going put all of my data and my whole company is going to be more productive. not quite so fast. don't forget, a lot of this data is highly regulated data, and you're not going the take all your customers' names, account balances, and their most sensitive and private information and put it into some large language model that all of your employees are going to have access to you're going to need a trust layer. and that's what we're announcing

here today, jim, that we're so excited about. it's the salesforce trust player that's going make the difference it's going to let us anonmize the data like we did in predictive the lm doesn't know your data, yet you're going to get the power of this generative ai for your employees when you get this productivity without giving up this kind of privacy that is so critical. >> all right so i'm a good customer of gucci, and i call without this they might search to see what i want with this, are they going ahead of what the customer might want because they've seen all the different choices? >> now you're calling because you need your suit repaired, your shoes repaired and belt now you're going to be talking to a service agent that is not only going to be able to know everything you bought, but also what you're most likely to want and give you an opportunity to buy a new belt or shoes that they might not have had those capabilities as a service agent

before they've been augmented they're more productive. they're more capable through generative ai. >> do think too many people are making up generative aye i know that salesforce is a trusted company. and i, again, use your product you are actually using it. there seems to be a lot of pretenders >> i think the number one thing you've got to realize is these incredible new models, the large language models, and salesforce has been building a number of these ourselves stwrec we have expert coder capability. that's amazing you can use our code 5 model which is the next generation after that or even use one of our advanced lms that is going to give you augmented capability in sales marketing. we're not just using our own, we've also created a whole ecosystem and invested in coher

and philip tlop pick fin lan tlk >> what will they be able to do better that they couldn't do before >> you're working an agent who is writing your proposal that's a tremendous aspect of being a aaa rep. yo have you ever seen how they operate? they're there. they need to build a custom proposal for you that is going to be augmented through generative ai. they're going to have more capability now you call, you have a claim, all that is going to be augmented as well through service and marketing. the emails, all the capabilities that you need, all of after that will come out. >> i'm going to buy a new phone from a major telco company i find it aggravating. they don't seem to know me

can that end, can they know who i am and do a better job for me? >> well, we're making some great strides with these telecom companies who need to have what you said, a single source of truth. >> a single source of truth they don't have right now ll, service, market, conductthem commerce and what that's going to take is the data cloud that is why our data cloud is our fastest growing cloud. it's why the major telecom companies already started deploying it because the first place that you start with ai is you get all your data together that is the key. and building that canonical data model, that is so critical f enterprise we have the apps that are delivering the customer connectivity and the generative ai >> let's go back to safety how do we know, and this is my league david faber thinking

about this that the machines themselves don't give the wrong information or tell too much about us who i thought was private? >> well, that's one of the reasons that we're keeping in the human in the loop. we published an article on ai et ethics you can see that in this very famous example that happened over the last few weeks who had chatgpt all these things, but it was hallucinating. hallucinating also means it lied it wasn't able to determine the truth from fabrication, because it's a computer. it's using these tokens. all the computer is doing, jim, it's importing all of this data, and then it's kind of tokenizing all the data, and it's putting it together well, if this is true and this is true and this is true, then the next thing true is this and it's not always right. that's just how it works. >> i'm an rbc wealth manager i have to make proposals i want to talk to someone who might want to expand their

business there is a playbook. do i write it again and again or do cloud and it comes out? >> a great customer of ours, rbc, probably one of the greatest ceos in dave mark cabe. and that entire cloud in june we're announcing todays actually in a couple of weeks, we're in june now, is all getting that generative ai technology we'll see that deployed for them imminently >> now dreamforce coming up. will i feel at home? everyone tells me san francisco. it's going to be an alien experience will i feel at home? >> you're going to get a taste of dreamforce today where you're going to see a lot of the products that we release to dreamforce, or between now and dreamforce a lot is coming out this month a lot in july. by september, you're going get a whole new capability and yes, we want sheriff to be the best place it's ever been. i know you just had a great

experience visiting san francisco. >> here is what i love about san francisco. the city it's fantastic, okay enough with the negativity i can't wait to get out to dreamforce one last question i've got ask you. many people, new faces i'm seeing a lot of new faces here some people would eninterpret that has turmoil what would you call it >> i know you just met our chief operating officer. he was the cmo at oracle and now we've brought him back to salesforce and we've brought a lot of folks back we call them boomerangs. we're so excited to call all of our alumni back. we're growing. it's an exciting time at salesforce we're augmenting our team. >> boy, are you fired up you've more fired up than i've seen you in a long time. >> well, it's been an exciting five months. number one is we've grown our margin bay thousand points. >> not bad how about the losers that say 10% instead of revlon% revenue >> in the quarter just announced

we're going do 28% this year and this has been an exciting moment for news salesforce >> you deserve it. i know you were challenged >> thank you very much. >> but everybody won. >> we learned a lot. >> like my charitable trust. thank you. i can't wait to talk to you it o in san francisco. >> thanks for coming to ai day. >> marc benioff, chairman and ceo and founder of salesforce. great to be with you thank you. coming up, we're living in a material world but that's good news for our next guest cramer moves mountains with mp materials, next. there are some things that go better... together. burger and fries... soup and salad. like your workplace benefits and retirement savings. with voya, considering all your financial choices together can help you make smarter decisions.

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when can mp materials catch a break? here is a company that is one of the few plays that we like it's worked out well it's a producer of rare earth minerals, an industry dominated by china these guys operate in california mp materials soared to $60 and change at the stock's all-time high in march of last year but at the end of the day, it is indeed a producer of goods that are commodities, which means it's hostage to the price of these minerals unfortunately, the company has been hit with higher costs and lower realized prices for its rare earth where its production vibes were roughly flat in the last quarter, but still making a lot of them. making money revenue plummeted 42%. price is just not on their side. ast and that's why this stock has plunged back to the low 20s. at some point i think it's going to be cheap to own i don't know when. i don't know what the state of the global economy will be to make it work let's check with the founder and chairman and ceo of mp materials. welcome back to "mad money."

>> thank you, jim. it's good to be back nice to see you. >> it's great to see you i want you first of all to explain to people out there that you are an owner-operator. so if the company does well, it's terrific for you. and if it doesn't do well, you feel it. >> yep, that's right, jim. i'm the largest shareholder of the company. and we have an owner-operator culture. every single employee is a shareholder. so we try to think like owners and operate like owners. you hit the nail on the hit. unfortunately we've had senn successful quarters at a public company, and we're executing really well. ultimately this is a commodity industry right now when prices are high, we probably look really smart, and maybe we're not so smart but when prices are low, maybe we look not so smart and we don't deserve that we really can control what we can control and continue to execute. and volatility works both ways. >> take a long-term view, you're going to be mining, making the

minerals in some usable form, sending to it the people who need it in a form that they can use it, and that that's all ahead. if you just forget about the short-term volatility, you are doing a model that doesn't require china in the end that's what this country needs >> that's right, jim right now we have to ship everything we make to china because that's where the magnets are made as you said, we are moving downstream we are going to be sending refined materials from mountain pass, to our magnetics factory in fort worth, texas that factory has a huge foundational for gm. we will be fully onshoring this supply chain. >> so when people think about the problems with taiwan, say, and how we had to build all these factories here in our country at billions of dollars of cost to america, we are trying to make it so that we make rare earth and process them here but your donors, you're not getting billions from the u.s.

government to work on your projects >> that's right. and not only that, but we recognize we're in a commodity business, jim. so we have a fortress balance sheet. we're a positive cash flow operation business and have approximately 1.2 million. we like the volatility in the commodity, not on our balance sheet. so we're leveraged to the commodity price in the short-term but this the longer term, i think the really important thing, we talk about evs, i guess we should probably dress the longer term demand when you have prices moving like this, certainly evs are afternoon enormous use case. as we look around and the recent frenzy with ai and efficiency and the real change in my opinion is going to be the profound changes, probably health care, robotics. in fact, there was an article in "the wall street journal" this morning about humanoid robots in factories. and an ev is really a hobert on wheels

a robot, is, of course, a robol on legs. but an ev has a very big battery and a small amount of robots a robol has a small battery and a large amount of magnets. again, this is highly speculative, longer term in the near term, a continued tailwind from robotics and some of these other use cases so people believe the demand picture is right i would caution in a very short-term in a kmosty. >> you're very up-front. in you're last conference call, you talk about look, these are legacy uses, internal combustion engines that really do matter. you would love it if it were only what elon musk needs and he can't get it the fact is a lot of these minerals are used in day to day businesses that may be soft, but longer term, as you say, it's hard to imagine a world where they're going to be used in

fewer magnets. >> absolutely. it's any kind of electrified motion, jim, is going to need rare earth magnets it's the most efficient smalled powered best way to utilize your tee materials. there are other magnets. in evs it's a 90% plus share even robotsics, the demand cases continue to grow i don't lose any sleep at night about the demand picture in the coming years by the way, the platform we're building, as people build platforms, it took a while for the market to see certain platforms, and then people recognize it over time i think ours is a similar situation where in the short-term, we are a victim to commodities prices but as you said, we're an owner-operator culture we've kept our balance sheet conservative, and we'll be here to benefit from the upside

volatility whenever that comes, however that comes in the meantime, all we can do is execute in the short-term >> i have a feeling i look at your market cap and think about what the market holds, that's going to be a steal. right now no buff from the viewers, a longer term, i don't think you're going to be able to replicate for 3.8 billion what you've got. >> that's for sure the in-place assets aside from having a world class body, the millions of invested capital just in southern california. you can see in texas, we've treated our magnet factory is already topped off we have a wonderful deal and partner in gm for the platform and we're really onshoring this business from scratch. this entire industry is in china. so we need to have an american champion in face, and we're years and billions ahead we have to keep executing on that. >> you keep doing that that's what matters. you keep going your owner

operator model chairman and ceo of mp, it's always great to have you on the show appreciate >> thank you, jim. >> "mad money" is back in a minute coming up, what's on your mind, america? give us a call the "lightning round" is storming the nyse, next. ♪ [typing] you were made to act spontaneously. we were made to help plan accordingly. ♪

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"lightning round" is sponsored by td ameritrade ♪ >> it is time! it's time for the "lightning round. cramer calls and tell you buy, buy, buy and playing this sound -- [ buzzer ] >> and then the "lightning round" is over are you ready, skee-daddy?

start in peroz in california >> hi, jim how is it going? >> pretty good >> caller: i called you back in october, vertec pharmaceuticals. that was a great move. i want to get to my stock here with this huge ai boom, i started a small position in this company and i'm looking to add on weakness, if there is any they're involved in automatic test systems for the semiconductor space, but also aerospace and defense. >> all right >> and they're also -- they also manufacture robotic product. >> okay. >> caller: i just wanted to get your thoughts on teradyne. >> it has made a big move, but i really like it let's go to brenda in north carolina brenda >> caller: boo-yah, jim. >> boo-yah. >> caller: thank you, thank you for having me on your show tonight. >> of course >> caller: my biggest stock holding i have for retirement

income is down around $22 a share over a 12-month period it is a buy or what's going on with duke energy >> no, duke is trade do you think with the cohort. i could name another ten utilities right off the top of my head that has done exactly the same thing you're in a very good utility. there is only a couple i'm very worried about. i think you're fine in that let's go to trevor in wisconsin. trevor >> caller: boo-yah. >> boo-yah. >> caller: what up love you, babe, be home in an hour. >> good for you. >> caller: i think you'll like this one, jim. am force technology. >> you know, it's in that test business for semis, and i like that business so much. and that, ladies and gentlemen, the conclusion of the "lightning round" [ buzzer ] >> the "lightning round" is sponsored by td ameritrade coming up, apple has a vision for the future. can a mixed reality ambitions make you money

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i was thinking over the weekend, maybe we got this whole thing wrong about this apple new vision pro headset when it was unveiled there was a ton of sticker shock at the $3500 price tag. nothing management said could soften the blow. including their inapt comparison to the cost of a big screen tv you go right to costco direct, buy a 75-inch sony television for as low as $1,119

even the highest one 77 inches with everything sells for 2,999. and of course you can watch those with other people. isn't that a little different? after the announcement, the conventional wisdom meant for developers to create content for a platform that will ultimately spawn a less expensive headset, one that seems like more of a bargain. nah, but i kept thinking, no, that's not right i'm thinking this whole assumption that a high price point will be a huge obstacle is just dead wrong. it ignores how people buy high-end iphones these days. we know the best iphone 14s can cost more than a grand they certainly don't seem like a stand alone bargain to me except once you're part of the ecosystem you can't live without one. of course, you probably bought your iphone from a wireless carrier and the three offer some amazing subsidies. right now verizon says the iphone 14 pro max for free that's a good price.

t-mobile is willing to give you $830 off an iphone pro even at&t says they'll give you $700 off maybe a thousand dollars off if you trade in your old one. oh, but it's -- all these deals seem clustered together, though verizon gives you the best right now, but for the first time in history, we don't have a fair fight among the three major wireless carriers. [ buzzer ] two of them have balance sheets that can no longer support endless price wars and the relatively bountiful dividends at&t currently pace out 50% of its free cash flow in dividend verizon pays out 65% and that's how the form the latter is a 7.37 yield these are getting high enough that they worry me because the stocks are trading like wall street's worried about the future of those dividends. and this is where apple's vision pro comes in what happens, get this, i have being thinking what happens if t-mobile which has no balance sheet problem decides you know what?

if you buy an apple cell phone with us, we'll offer you a buy now, pay later scheme from apple itself and sell you the headset at a heavy discount. that all that crazy? right now t-mobile is offering apple plus free for a year maybe it's worth it for them to do something bigger. give the vision pro. let's say t-mobile gives you an amazing deal on the vision pro if you also switch your wireless plan from at&t or verizon. i think you could be a huge driver of traffic, something that could force verizon at&t to cut their dividend which we know is just beyond the pale. and that's why i think the higher price, the biggest eventual bargain does apple care that the list price would be $3500 when the real price will be something concoct beside i t-mobile that makes you switch phone carriers? between now and when you can buy the vision pro, i am confident you'll see endless positive commentary and additions but if i were t-mobile, i'd be thinking when can we ship? because this would be a price

war where there would only be one winner, the one without the dividend they need something to let them have a knockout blow against at&t or verizon, and maybe that's exactly what apple is about to give them i like to say there is always a bull market somewhere. i programs to try to find it right here on "mad money." "las now. i'm brian sullivan, and tonight road hazard, a stunning report finds tesla's auto pilot crashes and fatalities up. is it time to hit the brakes object technology? republican presidential candidate nikki haley is here, and she'll lay out her ambitious new plan for american energy why'd they pay jpmorgan chase agreeing to a massive settlement with jeffrey epstein's victims. but its legal woes may be far from over. plus, months to repair, how much pain, economic and o otherwise could the i-95 highway collapse in philly cause for