lori, wonderful having you what do they call those things, public service announcements if you are getting pizza with, like, pineapple or any other, like, oranges, you are doing it wrong. do not call me, don't at me on twitter. it's just not allowed. t amgen at these levels at the, courtney >> thank you for watching "fast money. my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to help you make a little money my job is not just to entertain but to explain and to educate. so call me at 1-800-743-cnbc or tweet yes @jimcramer this market is just addicted to growth it can't stay away from it

a day or two flirting with the industrials and retailers the money flowed right back into the large caps, the growth behemoths now known as the magnificent seven along with their fellow travelers and that was the source of strength on a truly middling day dow dipped five points, s&p advanced .37 the tech-heavy nasdaq chock full of these kinds of names jumped .95% and while it doesn't happen all at once, amazon, apple, microsoft, nvidia, tesla stand out as the drivers of 2023 and after a quick dalliance away from them once again there seems to be no end to the levitation of these stocks. will you look at this? is there anything on the horizon that could change this dynamic why don't we go to our game plan to find out? now, tomorrow the only thing of any real note is a company called carmax. it's a giant used car dealer and i think it's going to fare pretty well here

we're beginning to see more daylight between the new and used car prices and that's when car max makes the most money but next week is full of tells stocks that might give you valuable insight into what's really happening out there so you can manage your own portfolio better right now we're sure the consumer's moved on from goods to services in this post-pandemic world. makes sense. remember, we are all long on money and short on time. please don't forget that that's been my rap on the post-covid economy for a while now. but there's no better test for that thesis than we hear from carnival yes, this company was once considered covid ground zero remember they used to call it the petri but that was before the pandemic a fun inexpensive vacation especially if you could hold your liquor. we need to pay close attention to when the company talks about future bookings on the call to gauge how much longer this travel and entertainment boom can continue that will be crucial now, tuesday, oh, this is a tough one. walgreen's this stock has been terrible 6% yield it could actually

bounce, even reporting an in-line number i believe walgreen's has a problem with what's known as shrink that's a great euphemism for mysteriously vanishing inventory, usually due to pilferage. that problem's getting worse not better especially because they now have to lock everything up and force you to wait for a struggling worker to come over and open up the plexiglass by the way, it's not the best shopping experience. amazon prime day can be a vicious hit for their sales. wednesday morning we hear from general mills. we used to call it generous mills. and i think it's reporting at the right time there's a wave of money coming back into the staples for fear of a fed induced recession something fed chief jay powell did not place odds on but the american market does it kind of puts these kind of bets on every day. pepsico was up almost two bucks today. when that happens general mills barely up at all that makes me want to buy mills into wednesday's report. wednesday morning wear also going to pay attention to central banker meeting and get this this is terrific it's a panel of world central bankers and it's held by our

very own cnbc's sarah eisen. i think sarah could ask whether government stimulus has been too great hurting the fed's ability to maintain price stability. something i'll address later in the show her panel will be must watch tv. after the close one of the most important stocks in the entire market micron the maker of the building blocks of all memory chatgpt and its generative ai offshoots use a jiethsic amount of memory p. the g-ram business, that's a real good competitor of micron i sure wouldn't fight anyone who wants to own a piece of micron right here i think ceo sanjay murotra from micron has been very conservative and reluctant to spout all the good news ai could bring to micron. he's just not like that. but i think this stock would be very undervalued versus its 2024 prospects because of generative ai do you think the economy is slowing? the fed's sure trying, right what do you reach for?

mccormick, the spice company 52-week high earlier today look at this thing this thing has been amazing. down here everybody was worried about the earnings but then boom everyone's worried about recession. now, it wasn't that long ago that mccormick missed a couple of quarters and wall street turned against one of the most reliable companies on earth. we've more or less kept the faith. ceo's condiment and sauce acquisitions made a lot of sense now that view is paying off. i like to take the temperature of small and medium size business business looking at the results from a company called paychex. the payroll processor focused on smaller enterprises. so far there's been no cessation of hiring from this cohort that we've seen even though we constantly hear how the banks want to tighten credit and small business owners are in trouble paychex has kept us informed about the continued strength they don't see it. wherever i go i hear money managers say small and medium sized businesses are threatened by the fed and the analyst rate hikes. to date that simply hasn't been true at least not according to paychex and they should know

let's see if anything changed. after the close thursday we hear from nike. i think they had a darn good long-term story but there are some road blocks in the short-term like a retail slow dmoun china and to some degree in the united states for the first time i didn't hear of real competition from the likes of hulka and deckers and more important on holdings is which is doing remarkably well winning over both runners and casual wearers i think on on as we call it from the symbol sold off too hard after that last quarter and is a buy right here i do want to recommend nike but we need to get past a forecast that may be more tepid than usual. please if you're a trader wait until you hear the forecast on the conference call before you pull the trigger because nike's a forecast stock, not a result stock. finally on friday confusing one. we get earnings from constellations brands, stc now, constellation's like a modelo which just displaced bud light as the number one beer in this country one by one analysts have praised constellation, which is by the way owned by my charitable trust

but it hasn't done that much it lift in recent weeks now, we told members of the cnbc investing clubs both in our morning meeting, which is at 10:20 and then our meeting a little after 2:00 we call the 2-ish. the stock is signaling by its own tepid action that it's going to miss the quarter. now, what do we do i don't know all i can tell you is while i think it's going to be great long term for cash flow i don't like the action. bottom line it's an important week not to be minimized as we make our way to july for an employment report, fed meeting and earnings all care of an upcoming calendar change larry in south carolina. larry. >> caller: hey, jim. i love your show >> thank you, larry. what's up? >> caller: oh, i just wanted to tell you how much i like when you said hey, stop scaring people about interest rates. that was great >> thank you i hate it when people cause panic. it drives me crazy how can i help >> caller: exactly i'd like to know what you think

about khc as a hedge against inflation. >> it's a decent hedge it's just not well run and i don't want to own a not well run food company when i have a campbell's that is all the way down, a kellogg that's doing a split mode and a general mills that will report next week for that matter mccormick and even pepsico they are all better than kraft heinz thanks for the kind comments about my interest rate call. billy in north carolina. billy. >> caller: hi, jim and thank you for your time. >> of course >> caller: my question is on target i'm in target at 77 a share. i rode it all the way to the top during the pandemic, broke a major investment rule of yours and rode it all the way back down to where it is now. i still have a profit of about 55 a share in it but i let go of a lot of that because i didn't sell when i should have. i'd like to know what i should do with it today >> first billy stop kicking yourself, a lot of people make that same mistake. and who saw all these problems

with target and the political backlash coming? i know i didn't. here's what i need to know 3.3% yield, good balance sheet 15 times earnings. i'd rather buy it than sell it anthony in michigan. anthony. >> caller: hello, dr. cramer how are you? >> eemi'm fine how about you anthony? >> caller: quite well, thank you. since dr. buffett has said that berkshire class b shares would begin to slow up what do you recommend for the stock, a, and b, why don't you have it in your portfolio as well? >> that's a really good question it's hard to find out about berkshire hathaway they don't do traditional conference calls they do a once a year annual report it's a very good company it's being driven right now by apple, not more anything else, frankly. and i do like the berkshire b. i think it's good. i've been recommending berkshire hathaway since this show started in 2005. so i think you're okay monty in florida monty. >> caller: hello, mr. cramer thank you for taking my call >> of course, monty. what's going on? >> caller: i have a new expression for you

the more you learn the more you earn >> i like that yeah, i like that. >> caller: okay, good. feel free to use it anytime. >> okay, i'll steal it i'll steal it. i mean, they won't know it came from you you don't mind that, i'll just use it, right? listen tomorrow morning to "squawk on the street" you're going to see me take credit for what monty in florida just told me >> caller: my pleasure anyway, my question for you is on qualcomm. due to the ai -- obviously a lot of stocks. qualcomm has been kind of in the laggers to say the least over the last year or so and i was wondering what your thoughts were on -- >> qualcomm is an inconsistently managed company and is also a company that is given to what i can only say is hype and i don't like hype. i don't like hope. i like facts and that one just doesn't fulfill my dream the market seems like it's clinging to the magnificent

seven and the days ahead could tell us if that trend is going to just continue and continue and continue on "mad money" tonight after a nice run up in the sector since the call i have one play i think is still worth paying attention to i'll reveal it then we've had a few tough days in this bull market so is your prefrl prernd to handle what's to come? we're going to play am i diversified. and it see if you can handle whatever the market throws at you you've got to be diversified. plus you called in and you stumped me on radnet so tonight i'm turning my homework on the medical diagnostics company. see if it can be a rad investment for your portfolio so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer hashtag mad tweets

send an e-mail to madmoney@cnbc.com. or give us a call. 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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just over a month ago vast swaths of the market will being clobbered by debt ceiling worries, including the defense contractors. now, see, lots of people assumed there would be cuts to the pentagon budget like we saw in 2011 when we had that -- last time we had that big debt ceiling problem. but i told you it was a buying opportunity because the world has changed a great deal and countries over the world are rearming plus even in 2011 selling the highest quality defense contractors was a mistake. now, as it turned out we didn't even get any defense cuts in this debt ceiling deal this time around they only capped defense spending 886 billion for the next year. that was the number president biden was already looking for in

his next budget which represents a 3.3% increase year over year plus we started hearing about all the ways in the defense that the hawks, and they're always there, want condition to be able to get around the cap on defense spending and they're going to win defense hawks are going to get more spending out of this budget so the strategy i outlined a little over a month ago worked out pretty darn well the i shares u.s. aerospace and defense etf. it pulled back from 113 when we ran the segment told you buy it on pullback sure enough went to 108 on may 31st and then you had the nice buying opportunity. since then it's rallied 6%, 114 and change i'll take p. huntington ingalls has jumped more than 8% just in june. lockheed's up more than 4% raytheon, northrop grumman and general dynamics all up oaf 5% tonight, though, i want to zoom in on one of my absolute favorites. rts. that's the artist formerly known

as raytheon technology they just hit us with a rebrand earlier this week along with a couple of very positive developments first you need to know rts is not the old raytheon it's the company that was created when united technologies merged its ear so o. space division with the old raytheon by aerospace and defense business as much as i like the defense contractor side right now i absolutely adore aerospace because airlines all over the world desperately need more planes thanks to consumers' demand for travel. when have you been on a plane where there's a seat open? that means more orders for component makers including rtx's two important subsidiaries, pratt & whitney for engines and collins for everything else. at the paris air show on tuesday rtx ceo greg hayes spoke to cnbc's own phil lebeau and he gave some upbeat commentary on the issue. i don't know if anyone paid attention to it. listen to this >> through the end of the decade both boeing and airbus are essentially sold out so people i think right now, they're putting orders in to

secure delivery spots. and the fact of the matter is the commercial aerospace market continues to grow. we had a pause for exactly one year during the pandemic we're back to pre-pandemic levels domestically for air traffic. we're almost back there internationally. and we still see 4 1/2, 5% annual growth at least for the next decade. >> that is huge. don't forget your typical aerospace bull market lasts for about seven years precisely because these cycles are so long as for rtx especially their collins subsidiary announced a maintenance performance monitoring deal with japan airlines and a maintenance repair and overall services deal with envoy air, which is a subsidiary of american airlines. pratt & whitney announced united airlines had selected their super fuel efficient gtf engine to power 120 airbus planes while mexican low-cost carrier volaris has the gtf to power 60 airbus planes they also got maintenance contracts with croatian airlines and condor, a german airline even better pratt & whitney's

building new factories or expanding existing ones because in some places they're already full at full capacity. yes, they had to expand because they have so much business now, i understand those are just orders, none of those announcements mean anything for rtx's sales or earnings this year but when you hear about the elevated demand could last well into the 20 30z, it shows you this is a classic aerospace cycle that could last more many many years plus given that so much of o'our future business is locked in on the aerospace side wall street should be willing to may more for earnings because money managers always pay for visibility how about the defense business as much as i want ukraine to drive out the russians as soon as possible it seems obvious this war could linger for quite some time giving a boost to the entire defense sector. not only will companies like rtx be able to sell weapons to the countries arming ukraine, they can sell them all over the world because this land war in europe has made our allies eager to rearm. in terms of the war in ukraine specifically, this will give rtx a multiyear tailwind because the munitions we send them tends to

come out of our stockpiles so these products will be needed to be backfilled over time that's the term they use, backfill don't take it from me. just listen again to what greg hayes just told phil lebeau in paris. >> it's a decade-long issue. we're going through our war stocks, call it stinger anti-aircraft missiles, javelin anti-tank missiles, 155-millimeter artillery shells. we're going through those munitions at a rate none of us expected it will take us years to restock the u.s. and our nato allies' inventory. to date we have seen about $2 billion of orders related to ukraine restocking we expect another 3 billion or so this year but there is probably a multiple of that we'll see oaf the next three, four years. it's not a this year, next year. it literally will be for the next decade. >> next decade wow. just like the aerospace side, rtx is locking in major business for years to come. now, less than 12 hours after

those comments we got a tangible example of what this kz loo like when rtx announced a $1.15 billion contract with the u.s. air force for am rams. these are the most combat proven missiles that can be used both from fighter jets or from the ground and the ukrainians have been going through them like crazy. so we need to restock. and same goes for our allies this is not a major contract given that rtx missiles and defense business do about 15 million revenue this year. but it shows there's just a lot of business coming did despite all this good news rtx stock hasn't gained any ground this week come on. it's actually down slightly even as it's roughly in line with the averages there's just so much love for technology and not for any other stocks tumbled more than 2% today thanks to a strike at a different supplier, spirit aero systems which hammered the entire complex even though it's not directly related bottom line i think you're getting another chance to buy rtx into unjustified weakness here because if anything i feel

much more confident about their long-term prospects in both aerospace and defense, two businesses where they seem set for many, many years of gigantic orders "mad money" is back after the break. >> announcer: coming up, spread the wealth and protect yourself. find out if your portfolio has what it takes to make it in any market "am i diversified" is next

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introducing the lucid air. experience the best. ♪ we've seen the market rally take a breather this week, with only a handful of stocks keeping the indices afloat so is this here to stay or could we start to see some more names participate, potentially move higher, broadening it out? that's a good reason to play "am i diversified? this is where you call me you tell me your top five holdings i tell you if your portfolio's diversified enough make you need to mix it up a little why don't we start with bobby?

bobby in new york, you're our first caller what have you got? >> caller: hey, jim. long-time listener, club member. thanks so much for your help >> let's go to work. >> caller: my top five holdings are apple, jpmorgan, j&j, procter & gamble and coca-cola am i diversified >> all right, bob. you've got a very interesting development because you've r we've got apple which is own it don't trade it technology. jpmorgan, which is one of the greatest banks out there but then some people would say wait a second, aren't these all, coca-cola, j&j and procter, consumer products companies? i would say no they are absolutely not. what i would look at here is that procter is a consumer product company, coca-cola's a drink company and j&j is a drug company. it spun off actually its kind of consumer product group that's a lot like procter so i'm calling this a bank, a technology company, a drug company, a soft drink company and a consumer products company, and therefore i think bobby is very well diversified. next up we have chris alabama.

chris, what do you have for me >> caller: hey, jim, thanks for taking my call >> quite welcome >> caller: my stocks are microsoft, eli lilly, visa, home depot, and thermo fisher >> ooh very interesting group again home depot, classic retailer, related to housing and of course to renovation and remodeling thermo fisher is a company that's been hurt, post-covid name a lot of machines that were used in covid as we recycle through the end of the days of covid the comparisons will get easier. right now it's tough, that's not been a good tok but that's okay. microsoft big charitable trust name visa, the orange fintech and eli lilly the number one drug company and now the largest drug company in america having passed j&j. we have a drug company, a retailer, a medical equipment company, we've got a tech company and a fintech company. and that's what i call perfect diversification. now let's go to blaze in wisconsin. blaze. >> caller: hi, jim

this is blaze from wisconsin as i age, i'm increasingly interested in dividends. i wanted to put a twist on this segment by requiring stocks which yielded at least 2%. >> okay. >> my five stocks are broadcom, archer daniels midland, marathon petroleum, jpmorgan, and verizon. am i diversified thanks for taking my call. >> absolutely. this is going to be very hard. archer daniels we know is ag company, it's perfect. marathon, good oil jpmorgan, great bank broadcom, very high-yielding technology company it's verizon i'm worried about the yield's 7% when you get 7% it's out of sync with the rest of the market, that means people are going to question the cash flow we're going to pull verizon. we're not going to want to be in verizon because it's too high yield so to speak. and let's use one that i have far more confidence in the dividend, which is johnson &

johnson. 3% yield i'll feel much better if you make that change next up we have william in arizona. william. >> caller: hi, jim i've got my concentration with three accounts apple at 53.1%, microsoft at 7.3%, lion dell hazing at 4.6% abbvie at 4.3% and iron mountain at 3.9%. >> okay. now, this gentleman did give us the percentage breakdowns. obviously i think you could tell where i'm going here, which is he has too much apple. cross-disciplines. own it don't trade it is always trumped by the discipline of having too much in one stock you're going to have to cut that back and redistribute. microsoft not that big a yield now but very good high-quality stock. good yield in iron mountain. good yield in abbvie and lyondellbasell good yield.

we have to redistribute among these names even as i think apple's a great company, but you can't have more than 50% in one stock. we shouldn't even have more than 20% in one particular stock. and then lastly we have terry in washington >> caller: buckeye boo-yah, jim. >> done. what's up? >> caller: professor cramer, i'd like to thank you for letting me retire at age 57 god bless you and thank you for everything you do for us little tiny ones. >> oh, thank you very much it means the world to me i have people after me thinking i told them to short nvidia or something. just not true. so let's go to work. what have you got? >> caller: have them call me okay, my top five holdings eli lilly, nvidia, qacat qatar caterpillar, halburton and

raytheon >> caterpillar, there was a guy who put it out as a hold today i read the piece and it read like a buy eli lilly largest drug company in america we know they've got the diabetes and weight loss and the alzheimer's. nvidia own it don't trade it that is the source of all ai halliburton oil service, it's not doing that well right now but you've got to have some stocks that are out of favor and raytheon technologies, what can i say, greg hayes doing a terrific job we've got aerospace defense, we've got oil service, we've got technology related to ai, we have drug and we have machinery. you know what? that is the way anyone would like to end "am i diversified," with the most diversified portfolio that we had. "mad money" is back after the break. >> announcer: coming up, dog ate your homework? have no fear professor cramer's got sweat equity in your success and he's turning in the key assignment next

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every night i take your calls to make sure i'm interested in the stocks you care about most. not just the ones i personally like at i do a lot of those too. o'kaigsly you will stump me with something i haven't been following i don't even recognize and i always promise to do some more research and circle back rather than cuff things. i like going through these homework exercises because they can be a terrific way to teach you how to learn about a stock you're not that familiar with. just like i'm not familiar with it last friday rich in california asked about a company called radnet he actually gave us a whole pitch for it this is a diagnostic imaging company but rich was focused on something new, their efforts to use artificial intelligence, ai, for mammograms, something that allows them to spot breast cancer earlier than the current standard sounded like a good story. i liked what i heard but because radnet's had a huge

run over the past eight months including right now i punted, saying we had to do more work on it before giving an opinion. if all the good news is in a stock you don't want to buy it let me walk you through it radnet's the leading provider of freestanding fixed site diagnostic imaging services in our country. they have a network of 363 outpatient imaging center across the mid-atlantic, california, fluor florp, arizona mr iz, cat scans, pet scans, ultrasounds, mammograms among other procedures you know they cost a ton of money. they also sell computers to -- solid. i'm extremely wary of ai-related hype but it's true what rich said when he called last friday radnet's been working on ai powered screening technologies for various types of cancer. they've got a subsidiary that's been working on. ai powered breast cancer detection for quite some time and last year they made a couple of acquisitions to let them do similar things with lung cancer and prostate cancer. in short the ai exposure is real that said, the imaging center

side of the business still captures the vast majority of radnet sales more than 99% last year. in that sense icing on the cake. radnet's been a phenomenal performer for the past decade up 1,192% over the last ten years versus a mere 174% gain for the s&p 500 over the same period so much for your index fund versus radnet. nearly all that was driven by the strength of the imaging business as procedures that used to be in the hospitals are going to outpatient facilities like radnet they offer a one stop shop for imaging rather than just being an mri center or radiology center this gives them better relationships with doctors which translates to more referrals that's the general radnet story but there is now an ai kicker although to be clear they were working on this for years before ai became cool over the past seven months, though, they've gotten a slew of ai-related news from the company which has helped the stock surge from a low of $12 in november to 32 and change right now. in november radnet's ai fueled lung cancer screening subsidiary

announced a collaboration with google health. in december they got fda approval for its mammogram assessment software. in february they launched a new enhanced breast cancer detection service based on that software and on may 1st they got fda clearance for their latest generation of ai powered software for prostate cancer screening. wow. so i am certainly on board with radnet's future, but what about radnet the stock triple from its november lows. does it tell make sense to buy it up here maybe you missed look, radnet's had steady revenue growth for years, around 8% compound annual growth rate for the past decade but that accelerated 14% in the first quarter because perhaps people are getting non-urgent surgery again post-pandemic we've learned that from a couple companies including health insurers and that often requires imaging beforehand but the earnings are much harder to get i ahandle on. radnet made 66 cents per share in 2018 but they haven't even come close to that level since in 2021 they made 46 cents per

share. last year fell to 17 cents per share. this year wall street's only looking for a penny per share and they actually lost 36 cents per share the first quarter which is much worse than expected as the ai kicker it's very hard to value because all of this is so early stage but if they want to invest in it heavily that's going to cost a hit to the company's profitability in the near term. might be worth it but it's just that owning the stock up here is all about betting on a somewhat distant future one other caveat radnet has a lot more debt than i'd like but i'm not going to ding them for it in the past week they just did a giant secondary. $260 million that's gross proceeds to them. by the way, that offering was upsized and although it priced below where the stock had been trading and caused the stock to fall nearly 9% last wednesday it's now recovered to its presecondary levels. that tells you there's a ton of demand at the end of the day i'm willing to give radnet my blessing but only for speculation please i think rich in california may have found a real winner here.

i love how smart our callers are. i'm calling it high risk high reward however, given the huge run in the stock since november and the fact that it's benefited from ai-related hype lately you need to prepare for radnet to get hit hard something that could easily happen because of the more hawkish commentary from the federal reserve or just general exhaustion with a group that's been rallying like crazy lately. but the bottom lane i'd actually welcome a pullback in radnet because i hate to chase stocks after enormous rallies i like the story and i could make an argument for it maybe even up here but i'd much he prefer to keep your bat on your shoulder and wait for a steep sell-off that could give you a much better entry point. and again, please only for speculation. meaning don't touch it with money that you can't afford to lose "mad money's" back after the break. >> announcer: coming up, what's on your mind, cramerica? give us a call the "lightning round" is storming the nyse. next

and i remember kind of thinking like, "oh my gosh, i think we could be sisters." because i think we looked... yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were my mother and father's banker, you became my banker and now fran is in her third year of college and you're her banker. it's so unbelievable because i'm just 20 years old. [laughing] ♪♪ ♪ a bunch of dead guys made up work, way back when. ♪ ♪ it's our turn now we'll make it up again. ♪ ♪ we'll build freelance teams with more agility. ♪ ♪ the old way of working is deader than me. ♪ ♪ we'll scale up, and we'll scale down ♪ ♪ before you're six feet underground. ♪

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jim cramer, the diehard of the dollar >> hey, jimmy, love the show >> my 5-year-old grandson loves to watch your show >> i have to thank you for making us money when it's there to be made >> our world is a better place with you in it it is time it's time for the "lightning round" on cramer's "mad money. play until this sound and then the "lightning round" is over. are you ready, skee-daddy? time for the "lightning round" on cramer's "mad money." let's start with jackie in new york

jackie >> caller: hi, jim cramer. thank you very much for taking my call. >> and thank you for calling >> caller: i've been watching you since kudlow & cramer. yeah, i'm dating myself. and i'm a member of the club >> yes thank you. the club is indispensable. i keep telling people that you want to make money in your portfolio or try to, i always want to do my best, the club how can i help >> caller: so at this price what do you think of cmi cummins? >> cummins on a roll ree i think that's a buy longer term cummins is the best there is let's go to adam in illinois >> caller: calling from cubs country with a boo-yah from a club member. thank you so much for everything you do >> thank you >> caller: got a question about commercial real estate with all the turmoil in that sector i've been long spg for years and i'm starting to wonder how. >> it is a tough situation i was in one of spg's bulls. it was all anecdotal and frankly it was terrible.

i was shocked at how horrible it was. it was like a ghost ball and it was very, very depressing. but i will say this. frt got a much better business model. and that's where you want to be. more mixed use that is now the safer stock. let's go to michael in florida michael. >> caller: boo-yah, jim. this is michael leader in miami, florida here how are you doing? >> i'm doing well. how about you? >> caller: i'm well. it's storming just like my adt call i bought it back in march hoping google dipping a little money into it. >> no, let me tell you, it's never too late to sell that stock. that's how bad that is i mean, it's been an abomination, that stock. i don't mind calling them out. let's go to kenny in south carolina kenny. >> caller: boo-yah, professor cramer >> yes what's going on? >> caller: well, it was a good day until we found out that the five people on the submersible lost their lives --

>> yes >> caller: -- when the mini submarine imploded >> yeah, that was sad. we all were focused on that. we were always hopeful we were hopeful. anyway, our hope did not work. >> caller: thoughts and prayers are with the families. >> wow that was just terrible i hope their families are okay okay how can i help you >> caller: i appreciate you taking the call. my questions concern abbvie pharmaceutical -- >> abbvie's got some very troubling things going on because they have a major drug that is coming off patent. i would much rather see you in the reduced j&j in terms of pricing. look what happened with 3m when it settled its decision. all those lawsuits involving pfas, forever chemicals. if j&j were to settle a situation when it comes to talc then i think that stock could have a similar move. let's go to michelle in new york michelle >> caller: hey there, jim. boo-yah. how are you? >> doing well. how about you, michelle? >> caller: i'm doing great i'm doing great. like to know your take on data

dog. >> data dog is a very well-run company, it's going to put up? good numbers i really think that is one of the few techs i can say right now that's going to make a lot money. they will be making a lot of money next year and i think it's a buy. let's go to david in north carolina david. >> caller: hey, jim. when i was 6 years old my mother told me to take my birthday money and invest it. so i put it in a public utility. what do you think of those in kansas city investing in evergy? >> i think it's a terrific idea. and your mom was right i have to tell you, i like that stuff very much. i should do a profile on it. let's go to mark in wisconsin. mark >> caller: dr. cramer. thank you for taking my call >> quite welcome >> caller: i've got a stock for you in the logistics based in mondovy, wisconsin

strong insider position. think family owned all they do is make money and pay a dividend i currently own it should i buy more? ticker mrtn. martin transport your thoughts. >> fabulous trucking company trucking company starting to do well that one is well below where xpo is i think that's a real interesting situation. let's go to bob in florida bob. >> caller: hey, boo-yah, jim >> boo-yah >> caller: just want to let you know i joined your investment club recently. i've been watching you for years and i want to thank you for all you do for us. and i have a question today about a company. it supplies materials and logistics to the fracking industry exclusively in the permian basin. there are only about ten analysts that follow it, but it's got six buys and four strong buys. i wonder what do you think about atlas energy solutions >> that's going to trade with the price of oil and i've been telling people i think the price of oil is too high and going lower

it almost seems propped up here and cannot stay higher that's why we've been not buying even though it would be helpful to our bases, any of our oil stocks right here. i just don't think they're going to make you money right now. nick in illinois nick >> caller: jimmy chill big fan of the show. >> what's going on >> caller: i remember when i bought my first stock. sweet, sweet dividends now i'm playing more speculative trades with the gen z student loan pause being lifted what's your thoughts on sofi >> when sofi was at 4 we sat down with -- we looked him in the eye. he with liked the story very, very much. it has since doubled and i've got to tell you there was somebody that came out with a sell this very night on sofi at $8.50 i like it i don't love it as much as when it was at 4, though that's just the way the business works. we're not done let's go to luis in puerto rico. luis >> caller: hi, jim thank you for taking my call >> of course >> caller: i'm a long listener i love your show you're doing great you're a great guy >> thank you >> caller: i love the way you

express things about the stock market i'm calling you because i wanted to know your opinion about this stock and the software and the am ai software. it's a booming thing right now >> right >> caller: a topic that is doing great. and i mean i don't know -- >> okay. >> -- if it's a bubble or not -- >> what's the stock? >> caller: c3ai. >> thatstock has moved too far too fast they did not have a good quarter. so i'm not going to give it my blessing i just can't i just can't let's take one more. let's go to christopher in virginia christopher. >> caller: cramer. oh, my god thank you so much for everything that you do. i really appreciate all your hard work. >> thank you for calling thank you. >> caller: no problem. i do have one thing. this company has been increasing their debts by a substantial amount also hiring too. but i believe this is just a

hype phase for ai. they released a dj sound ai for spotify. what do you think? >> spotify had ia terrific quarter. a lights out quarter and the stock was right to move. continuities a miss, it's not hype, it's a reality spotify is a very, very good company. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: the "lightning round" is sponsored by td mer i traid. coming up, the signs read help wanted but is the cavalry expected cramer explains why a worker shortage may be in the offing. next

good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only

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fed chairman powell has finished his two days on capitol hill and while he was his usual controlled self making sure not to say anything surprising i feel like he did miss a chance to talk about whads really going on here, persistent inflation fueled in part by congress how the fed can stop the rate hikes without allowing inflation to flair up. but because of the american rescue plan then the infrastructure and investment jobs act to redo bridges tunnels and roads followed by the inflation reduction act more climate preserving

infrastructure and then the chips and science act for tech preeminence our government's created a monster amount of stimulus over the past few years. i mean, we're talking about as much as $5 trillion worth although much of it hasn't even hit yet. and there's no way the economy can hit all that money without generating incredible inflation including ridiculous wage inflation. but it's never talked about. all this money is flowing into an economy that can't handle it all. we don't have a large enough workforce. we don't have a growing wokforce we don't have an immigration policy to bring in more workers to help us and we certainly don't have an educational system that can retrain people for jobs where there are too few qualified candidates think about it the skills needed for these jobs aren't taught enough like how to weld or how to build differentiated custom steel. we don't graduate engineers either and all the big tech and aerospace companies always snap up the good ones there's too much demand for engineers and not enough supply. now, i know powell wants the fed to stay independent and that means avoiding partisan politics as much as possible. he probably doesn't want to point any fingers when he's on the hill

but man, the fed really can't do this thing alone in fact, we're now at the point where every time powell raises short rates we say the slow rates actually go down not up which can defeat the entire purpose of tightening. we have a housing shortage if you want that shortage to go away the last thing you need are cheaper mortgages. those get priced off long rates. home prices have soared 40% in four years and right now housing's the wrts part of our inflation dilemma. incredibly after multiple hikes in a row last night we heard from kb homes, a gigantic home builder that home buying has just picked up momentum. that's just crazy. but the housing shortage is palpable at this point the fed can beat inflation by making it more expensive to borrow money which causes businesses to downsize throwing people out of work because when you lose your job you don't spend money. tough way to do it but it is almost impossible for the fed to engineer mass job losses when we've got you will at the stimulus spending coming our way. even if the fed takes rates all the way up to 7%, we still have a work shortage. is there anything that can be done first we have to admit there's a

problem, which no one in the biden administration is willing to do. second i'm not saying we should roll back the infrastructure bill or the climate subsidies in the inflation reduction act or the semiconductor spending in the chips act. that's a lot of good stuff there. but it's coming at the wrong time that's why i hope our government can stretch that money out, slow the stimulus down, just backload it as much as possible we've got to do that the last thing we need is this continued firehose of money. turn off the spigot temporarily and we have a shot at cooling down the job market without needing the fed to go thermonuclear on us which i feel like they may have to. listen, regular viewers know i'm a huge fan of jay powell i know there are all these hot shot money managers who love to come on our air and blast powell for waiting too long to raise rates. never mind that powell's admittedly -- he's admitted himself repeatedly the guy said he didn't get it right initially. but more important, can we just accept that the white house and congress, not powell, massively

overshot with the stimulus in 2021 and 2022 and powell's simply trying to clean up their mess with the only tools he has at his disposal. unfortunately he can't do it on his own. he needs help from our elected leaders and i do not see that coming anytime soon. i like to say there's always a bull market somewhere i promise to try to find it just for you right here on "mad money." i'm jim cramer i am brian sullivan. tesla adding another distinction that could have the rest of detroit playing catch- up again. just moments ago, india's prime minister meeting with president biden and some of america's biggest tech ceos. we will bring you a live report from the white house. looking to beat the market? the answer could be as simple as geography.