chances? what -- >> centerville elks, elk pride never dies >> i felt that the minute i walked in today. >> right you wish i were part of it >> marathon oil. mro kind >> thank you very much and thank you for watching "fast money. "mad money" with jim 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, i'm just trying to make a little money, my job is not just to entertain you, but to educate and teach. call me at 1-800-743-cnbc. wall street's endless confidence in the people's republic of china never seems to stop no

matter how disappointing the growth numbers we see out of china's economy and they are plenty disappointing people keep wanting to buy american stocks having major chinese exposure and that includes days like today where the dow gained 210 points. nasdaq edged up 0.18%. for decades, china did have a tremendous scorching economy if you're buying any stock because of its chinese exposure is down right moronic. because china's doing terribly right now, it's got the exact opposite problem of our country, an economy that's slowing to the point where you have to start wondering if they're sinking into a serious recession china's got deflationary data which can quickly spiral into a psychology of ever lower prices and wages. deflation can be disastrous. worse, china's got a 5.2% unemployment rate with youth unemployment at 20.8%, and come

on, those in the official regime approved numbers you don't get 21% youth unemployment in a growth economy. we still have muscle memory. all around here, muscle memory telling us that the chinese market is the best in the world. so any company with a connection to it will always blow away the numbers. we've had a parade of american officials going to see china lately, culminating in a four-day trip by treasury secretary janet yellen, one that she says was constructive. she met with high level chinese officials who agreed to more cooperation. they always agree to more cooperation. we're told the earnest -- will continue there are always promises of earnest dialogue for years our country was the one that wanted constructive dialogue china was the locomotive of global growth, and we needed piece of it. lately i feel like the situation is reversed. the communist party is endlessly trying to stimulate their

economy, failed repeatedly in part because all the stimulus seems to be related to real estate, which is never going to be a growth industry with no growth in its population all that said american investors won't give up. they just have to have something that stands inside the thesis that china remains the promised land to anyone to sell it in their economy, even as their economy is falling apart now, discussions with chinese growth always start with apple, which has a strong franchise there. apple is losing a big chunk of its weighting in the nasdaq. along with the rest of the magnificent seven, that caused sellers to flee from this one. it happens to all the stocks, don't worry about it when you look deeper, you can see this trade still playing out. let me go down the list of usual suspects this angers me so much i need you to focus. first it's caterpillar long ago caterpillar decided it had to diversify away from china. too often the business -- the

chinese economy, not ours. that is no longer the case, people there are so many other important markets like the u.s. oil market, the u.s. infrastructure market, the u.s. data center market and the minerals market worldwide. as we see more and more federal infrastructure money flow from the states to the road builders, you better believe caterpillar is going to get a flood of orde orders even though it's much less china -- than it used to be, they always buy the stock in caterpillar. we took the unthinkable stance of letting a little caterpillar stock go today to the trust. something we'll talk about on wednesday at noon. it's not a china story i'm afraid the three-point gain and the few points leading up to it may not hold. how about starbucks, another stock that's rallied three points today they have a definitive plan to grow in china. they're putting up a new location every nine hours. there are more than 362 starbucks in china when you hear that our

government's relationship with china could be on an even keel, the stock gets bought. given that starbucks sold off when things seemed rocky, i understand why it jumped today i say this, give me a break. last week i covered nike, which seems to have lost its way as it's doing a huge amount of business, but not making a lot of money, which is what i care about. china's on fire for nike they're not seeing any slowdown whatsoever, despite the high price points but china only makes up 14% of the business versus 42%. i get it, nike's partnered with china's ministry of education to improve the health of several million kids, but unless the government decides to buy everyone a pair of nikes as a way to stimulate the economy, you're making a big mistake if you buy nike because of diplomacy? now there's one stock you can always count on reliably to fill the role of a hot china play,

and that's wynn resorts. the casino company, 75% macao, even has good business in vegas and boston too that's why wynn stock rallied almost six points today. i think people are looking at pre-covid numbers with wynn. vegas and boston are growing now. the macao business is not as good as it used to be. there's one stock i am willing to endorse as a genuine china play, and it's ralph lauren. to quote their last conference call from may, we are strongly encolon enco encouraged following the country's reopening. the ceo says we drove full-year china sales up more than 20% in constant currency includiiing acceleration of fourth quarter sales up 40% we expect china to remain one of our fastest growing markets, end quote. there finally, truth, where do i come down on this? i support buying ralph lauren as long as the american business holds up i can see buying starbucks as long as their cold brew sales

continue to accelerate in the u.s. the days when you could invest in these stocks purely based on china growth, those days are over for years they were the china plays until we learned our lesson that the chinese economy doesn't use enough oil to move the needle and if it does, it's buying that oil at discount, that was the way we used to do it i don't think you're going to make anybody -- these things aren't working let me get to the bottom line. go ahead, knock yourself out and imagine you have china exposure can boost the growth of american companies, but i think you'd be better off finding a chinese company that can accelerate its growth by being in america because we are in much better shape than they are right now. let's go to bob in vermont, please bob. >> caller: hi, jim >> bob, what's going on, my friend >> hey, not much just raining here in the green mountains, and waiting for it to stop >> all right, i hear ya. hey, listen, it's good for the garden what's going on?

>> caller: afternround the firsf the year, i brought initial position in devon energy >> right >> caller: six months in i'm doing a little homework comparing it to like emerson electric, and it looks like we're slightly divergent and i'm hoping it's more than just a short bad news story and maybe you can help me understand that. >> yeah, sure, devon is of course it turned out to be levered to oil, and oil's been down big, so devon's stock has been down big. emerson made an acquisition that screwed up their business for a while, but now that's past them. i think emerson is the one to be in my travel trust owns them. i can't believe i'm going to be speaking positively about emerson at our wednesday meeting. that will be a shocker that you must sign up and listen to bob in florida, bob. >> caller: jimmy, thanks for taking my call. >> chill man came back from iceland real chill, what's happening? >> caller: nice, pleasure to talk to you.

hey, i was in this local retail store recently, and i just, you know, an article came out 65% of its work force is going automated by 2025. i mean, this store is packed and i actually like using their self-checkout. is walmart a buy here? >> yes, i think walmart is underrated i think the business is good i think the way they've been sourcing products is good. i like their grocery i was surprised the stock is only still in the 150s i think you have a winner. why don't we own it for the trust? because we own costco, their biggest and best competitor. i think in general, you are better off buying a chinese company that can accelerate its growth by being in america because we're in much better shape than they are right now. we're starting to see some of the infrastructure bill spending make its way to a host of sectors. i bet you don't know the names, you better watch and last week we had some important data on electric vehicle sales in the first half of the year, and i'm sharing the key points that i think will help make some terrific investment opportunities for the

remainder of 2023. and former s.e.c. chairman jay clayton and former chairman tim masset published an op-ed in "the wall street journal" to offer guidance for the government on how to regulate crypto i'm learning more about the plan for tim himself. you will love this interview, so stay with cramer >> announcer: don't miss a second of "mad money," follow @jim cramer on twitter. send jim an email to madmoney@cnbc.com, or give us a ssll at 1-800-743-cnbc mi something head to madmoney.cnbc.com.

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we're now into the second half of 2023 when the time of year that money managers try to figure out their strategy for 2024 but how the heck do you figure it out when we can bare le ly gt our arms around the present. we don't know if our economy is going to have a soft landing or a hard landing or no landing so many experts have been waiting for a recession since the fed started tightening, not me, but the recession hasn't come and now we're wondering if it will. the fed itself seemed divided on how many more times to hit us with rate hikes before they declare victory. it's what i call a real confusing moment at times like this what do you to, when you don't know what's going to happen short-term, you should fall back on long-term secular themes, big giant stories that transcend the broader economy including anything in the near-term. we've got a powerful one, one of the biggest i've ever seen in my life i'm talking about the wave of

government spending started by president biden that's scheduled to come from a few huge pieces of legislation passed in 2021 and 2023 2 we almost forgot abot the silver lining is that you can simply own shares in the companies that are about to feast at the federal trough, and you're going to beat inflation love it or hate it, president biden and his crew have passed a bunch of massive spending bills. now, first it was the final covid stimulus package, which is mostly in the rearview mirror at this point then in november of 2021, he signed the bipartisan infrastructure bill, officially known as the infrastructure investment and jobs act, okay? so we get this one from covid, and then we get this one, which is really huge and then mostly for a couple of industries that we follow very closely, we got the chips and science act. that's a massive semiconductor manufacturing with a ton of other stuff tacked on, and

surely after biden signed the so called inflation reduction act, that was more of a climate bill than anything else, some people question whether inflation should be -- whether that it doesn't increase inflation, but that's neither here nor there. because we're trying to make money for you in stocks. now, all this happened a while ago, you got to know that it can take ages for the federal government to spend the money, especially on the these big projects money goes out to the states so these funds are just starting to go out now. something to continue for the next couple of years all this that you see, it's just kicking in that's what makes his spending bill a powerful long-term theme. this is like 2024. it's probably going to be the first year that all of this money really comes into play so this week i want to go through each major piece of legislation. starting with the infrastructure bill from late 2021. the infrastructure investment jobs act put roughly $550 billion in new spending on roads, bridges, public transit

systems, electric vehicle infrastructure, water infrastructure, the power grid, and broadband internet it's a prolonged process where the money is divvied up and sen to states which then identified the top priorities, boy does it take a long time and long story short, the money son-in-law is only just starting to reach actual companies this year i got to tell you, i was absolutely shocked that the money isn't already in the hands of the general contractors it's not, very little of it has been spent so let's figure out who benefits let's starts with some of the most obvious winners the companies who provided the materials, they'll be used for the road work in the infrastructure bills sometimes i don't like to overthink things who's the biggest? aggregates, concrete cement and asphalt. last year the stock fell 23% because of recession fears it's upward of 30% for 2023. people realize here comes the money. the in fact, it's up 14% since

we last spoke to the ceo, that was just two months ago. why? because the government checks are finally coming and i sense this will be three to four years of tailwinds in the business, even after this run i like -- 24 times forward earnings, betting the stock will prove to be a lot cheaper in retrospect because the company keeps blowing away the earnings estimates i can say the same thing about competitors. i like -- on top of materials you also need construction equipment for all this bridge and road building, and that's precisely, precisely why we own the stock of caterpillar for the travel trust, and it's why the stock shot up more than 20% just since the end of may big short position here. people didn't understand what's happening, which is the stuff we're looking at, the infrastructure investment jobs act overruns any short seller. we did trim some of our cap

position when you get a big gain as i talked about on wednesday's conference call that you must get in on, you have to do the responsible thing and take something off the table. conviction matters a lot discipline matters more. now if you own caterpillar i recommend buying some lower. i think it will end up looking like a real bargain as this infrastructure spending kicks in how about john deere this one's real cheap, sells for less than 13 times earning they have tons of agriculture exposure, and people are worried about that i am less bullish on ag as commodity prices come down year-over-year, but you could get an opportunity if dooer gets beaten down by its farm exposure caterpillar is good. john deere has other things going for it that aren't as pure what else works? i see the water infrastructure business making an absolute killing from the iija, now there's $55 billion earmarked for cleaner drinking water investments. i know most americans take clean

water for granted. that's wrong, as we've seen from the disasters in flint, michigan, and jackson, mississippi, things can get real bad when something goes wrong with your water system who wins here? well, okay, first one is zylon, they make water and wastewater pumps and treatment and testing equipment. that's a good one. how about this pentair you don't hear much about these guys at all. they specialize in water pumps and filtration pumps pentair is up 42% year-to-date pentair remains the cheaper stock trading a little more than ten times earnings estimates it's probably my favorite under the radar infrastructure stock right now. why not go with the cheap one that's already roaring if you buy pentair tomorrow, i can't tell you, no guarantees you'll make money, but i like both of these very much, and pentair could be the star. finally, i want to highlight a couple of general contractors, ae com and jacob solutions these companies are crucial cogs in the system that allows federal infrastructure funds they'll get a contract design

and oversee the construction of a project, then they procure the materials and find subcontractors to do the actual building these are the guys who are in charge, the gcs. in mid-may we spoke with the new ceo of jacobs solutions, and he explained that his company is likely to do very well hear thanks to its digital platform that helps with the speed and accuracy of project planning i think both jacobs and aecom will make out like bandits, but their stocks haven't run that much yet they're barely up for the year don't you see this opportunity it started in just the recent weeks, aecom up more than 10% since the end of may i bet they've got a lot more room to run. look, if you have to rate them, i think this aecom, jacobs is amazing. pentair is really incredible so deere gets his by ag and you can buy it cat is sure as can be. i just think that's a terrific company, so here's the bottom line is it a problem that our government authorized massive amounts of spending over the last couple of years making it

much harder for the fed to beat inflation? of course. but the flip side is that individual companies and specific industries are about to win some multiyear business from uncle sam, and i want you in these stocks stay tuned the rest of the week as we take these spending bills one by one right now there's a ton of individual winners and no one, no one is focused on them. so why not try to problem yourself "mad money" is back after the break. >> announcer: coming up, cramer shows off some electric moves, a an ev sales recap next

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♪ at this point in the fed's tightening cycle, normally the entire auto complex would be a -- >> a house of pain -- >> but this is a very unusual tightening cycle we still have 3.6 unemployment, despite being hit by 500 basis

points of rate hikes, and just as important, the auto industry is in a state of transformation thanks to the rise of electric vehicles last thursday we fwolt powerful data from motor intelligence tonight i want to dig deeper into this report it can tell us a great deal about the state of the business. in the first half electric sales were up roughly 50% year-over-year 7.2% of vehicles sold in the u.s. up from 5.4% the year before the growth has slowed from 71% in the same period last year to 50%, it's still an incredible figure by contrast, internal combustion vehicle sales were up 10% in the first half which is much weaker by comparison. it's still tremendous growth given how aggressively the fed's been tightening. let's take it automaker by automaker. tesla remains the undisputed king they had 64.4% of market share in the first half, sales up 30%. that's year-over-year thanks to increased production from their newly opened plant in texas. their ev market is down 10

percentage points from a year ago but only because the category is growing so rapidly, and there's no way they can produce enough cars to meet the demand so it's kind of an artificial lack of increase of course tesla had used numbers a week ago when the company revealed it had better than expected second quarter deliveries, the stock soared tesla's stock is now up 119% for the year, which could make it tougher to own at the moment take profits on some of their monster gains and you can never blame someone for doing that hyundai kia was in second, almost 300,000 fewer than tesla. they were only up 11% year-over-year, which doesn't cut it in this environment the other major foreign player, volkswagen came in fourth, i go into more details but volkswagen doesn't trade here you know what does trade here? rivian they did have the fourth best

selling electric vehicle which was also the number one electric pickup truck rivian the stock was a total dis disaster when it came public at the worst time, end of 2021. its stock has doubled in the last two weeks, thanks to that tremendous report last monday. it looks like rivian can meet or beat its production forecast which came as a huge surprise, particularly to the short sellers. finally, let's talk about the two big legacy automakers, i know you want to know about them, gm and ford. we own ford for the travel trust. i like both stocks honestly, theirfirst half electric vehicle numbers were less than ideal, while gm had 365 electric sales growth, the vast growth of those -- gm continuing lay thter this year. the newer models have struggled because the company can't make enough of them because of some battery supply chain issues. ford placed fifth with electric sales up 12% in the first half,

giving them a 4.6% market share. one of their primary offerings was down 20% same with gm, they've taken longer than expected to ramp up production that said i expect ford and gm to do better in the future gm's got several major electric model launchings, later this year, including an electric silverado pickup truck i don't know if they can still make that number as for ford, it's now coming on strong and after some major production hiccups earlier in the year we visited them not that long ago. i like what i saw. last week we learned that ford's electric sales were up 35.5% in june that's a massive acceleration versus the first five months of the year because they're finished retooling their mustang marquee plants i drove one, i love it, maki sales soared 110%. electric is still a small piece of the pie for ford and gm gm's up more than 22% since the end of may ford's rallied 26% why?

automakers are seen as more or less cyclical stocks in recent weeks we've realized a recession might not be inevitable, when you look at their traditional internal combustion business, these cars aren't selling like we're headed if a slow down gm announced that overall sales were up year-over-year, ford's had 11% u.s. growth with truck sales up 26% the conventional wisdom told us a series of rate hikes would jack up the cost of financing and put a huge dent in auto sales. that just hasn't happened. in fact, adam jonas of morgan stanley raised his price targets for ford and gm last week putting out their core internal combustion engine business has been far more durable than anybody expected that includes pricing holding up especially well. today we got news industry data that showed a big cooldown in used car prices last month jonas actually raised his

earnings estimates for both companies. i think he's right as ford and gm gets their electric vehicle production back on track, those figures are only going to get better. tesla remains a dominant player but some of these smaller names are starting to prove their worth, like rivian, which beat its production targets andmade a compelling case they can keep doing it making real headway in the u.s. market too but the bottom line, ford and gm remain my favorite auto stocks in this environment. both stocks represent tremendous value, price to earnings value, even if they've got some growing pains in the electric vehicle side if you have to pick up one, ford's my favorite as we explain re repeatedly to members of the cnbc investment club we think that this stock goes higher rocky in north carolina, rocky >> caller: hey, jim, good to talk to you, and i know you like to educate and entertain i want to say first of all most

importantly to my daughter, jewel, happy birthday, jewel >> oh, jewel, haep bippy birthd you, fantastic three days before my daughter. >> caller: thank you jim, my question is regarding car carvana. my daughter, we bought her first car there and had a great experience so i looked into the stock several months back. it was crashing. they were talking a billion dollars in debt, maybe bankruptcy, and i told her this is not a good place for our money. it's up like 400%, up 40% just today. and originally i was going to ask you do i buy it, short it, stay away from it? >> do not short this thing, it's a rocket ship. i'd offer a lot of stock, that might be the chance. i do know they are doing very well, though they're doing very well. i also like carmax, by the way lee in california, lee >> caller: hey, how are you doing, mr. jim thanks for taking my call. >> i'm doing good, thank you

what's going on? >> caller: we had a really nice ev rally second half of the year, and stocks that are not considered tesla worthy but, you know, we have some nice starters up and moving. my question is on lucid. i know previously you've been a little bearish on it, but it moved 25% in the last month. >> yeah, but remember it's been a terrible stock i don't mind that i got bearish on it. i prefer rivian to lucid because i think rivian's got the real winner in the space. ford and gm remain my favorite auto stockings, even after the recent runs, both stocks represent tremendous value as they get electric vehicle production back on track, their earnings are going to get much better after the s.e.c.'s crackdown on binance. let's talk to the man himself. strong ipo in m&a markets. they have felt -- i'm going to

break it down and show you that there is some real good news in th those sectors. and all your calls, rapid fire in tonight's issue of the lightning round, so stay with cramer

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this weekend "the wall street journal" published an op-ed on crypto regulation. this is by jay clayton and former cfc chair tim masset, this is the second time they've teamed up to offer guidance. it's got me so worried they were reacting to the

s.e.c.'s recent trcrackdown, on coinbase, publicly traded and they argue these isolated enforcement actions may not be enough we need a new regulatory framework to deal with digital assets let's go directly to the source, the former cftc chair who's now the direct of digital assets policy project harvard law, in addition to being a non-resident fellow at brookings, welcome back to "mad money. >> it's great to be on, jim. >> tim, i've got to tell you, i thought this piece was terrific. as much as i think that the s.e.c. is tryingregulating, reg litigation has never really fulfilled the goals of what the people want or even the regulators so how about your -- let's just talk about your proposal and how it would change the world. >> sure, well, first of all, we strongly support enforcement of the laws, but what we're saying is we need more than that, and the reason is twofold. one is litigation takes a long time, and quite frankly, the

crypto industry may find it's in their interest to stretch these cases out because they may be hoping for a change in regulatory attitude with the 2024 election. the second reason is it won't resolve all the issues that we need to get resolved so what we're saying is let's do something as well, which is have the s.e.c. and the cftc get together and set some investor protection standards that are going to apply to these trading platforms as they exist today. so we're saying don't litigate or rather don't get hung up on the question of is a particular token a security or not. that can be litigated as the s.e.c. is doing, but we need investor protection standards today that apply, and frankly, the standards we need are largely the same regardless of what bucket you put a token

into so the way this would work is the two agencies would get together, ideally they would create a self-regulatory organization that they would tightly supervise, and that would then come up with some basic standards on protection of customer assets, prevention of fraud and manipulation, prohibition of conflicts of interest, reporting requirements, recordkeeping requirements, and those would apply to any platform that trades bitcoin or ethereum that gets you the whole market, right? there's no platform that's relevant that isn't trading those two tokens, since they represent so much of the market. >> i can't agree more. i mean, you've got fidelity saying, look, we'll take -- now you have blackrock talking about bitcoin. i fear that without your message what's going to happen is we don't know what we're doing. we're going to put money in it we're going to get hurt, but this is all happening too

quickly, and it's absolutely true that what you're getting is a new regime that's too fly by night for all of us. >> well, that's right, and see, the thing about the enforce the cases is as much as i strongly support them, there are no temporary restraints on these platforms while those cases are being litigated. so frankly, the platforms can just go on business as usual, making a lot of money without any good investor protection standards in place so what we're advocating is essentially an incremental step. let's put those standards in place now on these platforms as they exist today so it cuts through some of the complexity, it deals with the core of the problem, and if you do this through a self-regulatory organization, and again, by that, i don't mean the industry running off and deciding how to regulate themselves, i mean something that the s.e.c. and the cftc tightly supervise, approve the rules, approve the board

members, but if you do it that way, you can actually impose the cost of this on the industry itself. >> tim, are we always going to be hung up on this notion of whether something's a security or not because if it isn't a security or if it is, there are people who want to own this so badly, tim, that they don't care about what is to some just a nuance. >> and that's partly what we're saying we're saying that's an important question, but put that aside for a moment, if you will. let's not get hung up on that or rather, let's have a parallel track, which says regardless of the classification issue, we need standards today so you put these standards in place. the s.e.c. can still litigate over whether something is a security or not, but frankly, jim, here's the problem with this whole debate about whether it's a security or not, we don't have a disclosure regime in place today that gives you the information to decide whether something is a security, right

because a security turns on whether essentially there is some common enterprise, and you are expecting profit, you're expecting an increase in value from the efforts of that common enterprise, from that managerial effort well, without disclosure about these tokens, you don't know are the developers still involved do they control the tokens still? who controls the software? who can change it? who's benefitting? so part of our proposal is also that before a platform could trade a token, there needs to be some baseline disclosure about it and then the s.e.c. can say, hey, you know what we're looking at this disclosure we have some concerns, and then they can decide, you know, to focus on particular tokens and say those are still securities but we'll have in place some basic investor protection much faster this way. >> i think, tim, there are a lot of people who feel that the s.e.c. wouldn't go for that. i actually don't feel that at

all. i think the s.e.c. has been put in a position as to how to litigate, but they would very much like to have some clear rules to follow and, therefore, would not be out there objecting to what you're talking about. >> well, we'll see i mean, look, i think it would be easiest for them and the cftc if congressman dated this. if congress just said we want the two agencies to do this, and frankly, that would be something that i think you could get a much broader base of support within congress because it's not going to change the s.e.c.'s power. it's not going to change the cftc's power it's an add-on if you will, and you know, a lot of the proposals today, they're very complicated. they're involve rewriting the securities laws, and you know, a lot of people have concerns about those including myself >> now, actually, if we did wait for the 2024 elections, people were playing for time, it may work out to be in favor or against the people who want crypto i don't know why they're necessarily wanting to do that why not do it now before we all

lose -- we stifle innovation because of litigation. people go to europe where they're really now way ahead of us. >> i couldn't agree more that's why we're advocating this we really think that, look, we need to get some basic standards in place this is a way to do it without having to rewrite the securities laws because when you get into rewriting the securities laws or the derivatives laws, you risk creating, you know, a lot of unintended consequences, a lot of loopholes you didn't mean to create this is a way to get investor protection standards into the industry as it exists today without having to fundamentally change the securities or the derivatives loss >> that's exactly what we needed i'm so glad you wrote the piece. it gave me the clarity i noted to start rooting for it's what must happen in this country. former cftc chair, you should read his piece it's filled with what i call common sense "mad money" is back after the

break. thank you, tim. coming up, what's on your mind cramerica give us a call, the lightning round is storming the nyse, next hi, i'm john and i'm from dallas, texas. my wife's name is joy. we've been married 45 years. i'm taking a two-year business course. i've been studying a lot. i've been producing and directing for over 50 years. it's a very detailed thing and the pressure's all on me. i noticed i really wasn't quite as sharp as i was. my boss told me about prevagen and i started taking it. i feel sharper. my memory's a lot better. it just works. prevagen. at stores everywhere without a prescription. ahhh! icy hot pro starts working instantly. with two max-strength pain relievers,

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it is time, play the sound and then the lightning round is over are you ready, john. >> how are you doing

i've been trying to get in touch with you since june 23rd, my birthday thank you for picking up the phone. >> shoutout to my buddy for making the hall of fame, my buddy i went to temple with, and all the people who help take care of my 95-year-old mother. i've been trying to get in touch with you since my birthday >> all good news let's make some money. what's going on? >> caller: iep -- >> looks like the regulatory issues are solved and therefore, i think the stock probably has another 10% to go a little higher let's go to joe in new york. joe. >> caller: hey, what's going on? >> you tell me, joe. i'm just doing my show what's happening >> caller: from long island and calling from santa fe. the stock of the day i'd like to find out about is rambus. >> chief interface is finally making a comeback. i cannot believe this stock, well, it does make money i'm going to endorse it, but i cannot believe how long it's taken to get where it's going. david in new york. david.

>> caller: hey, jim, how are you? long-time listener, thank you, sir. question, palantir, what do you think? >> that was a great quarter, pal palantir i remain a buyer i even told the ceo that recently he was skeptical of my intentions but i like palantir let's go to kenneth in south carolina. >> caller: booyah, jim cramer. you are the man. >> i try what's going on? >> caller: i've got a statement and a question it's a small cap pharmaceutical company called coheris, ticker symbol chrs. that's developed a biosimilar humira, a $20 billion drug developed by abbvie. >> right >> caller: they sell this drug for 15% the price of humira. it is a $5 stock with a $23 price target the health care providers --

>> ti think it can, it's a very hard drug to make. look, it's a good -- let's leave it at that i need to go to mike in louisiana. mike. >> caller: this is mike from shreveport, louisiana. >> good to have you, man good to have you what's going on? >> caller: oh, man, i'm looking at a company i'm considering a position in. i'd like your thoughts on commercial metals company. >> i like that company for 0 ye30 years. i think it's terrific. let's go to richard. oh, no, ladies and gentlemen, of the lightning round. >> the lightning round is sponsored by td ameritrade coming up, ipos have been sleepy, and m&as have been in hibernation, but can this bear awaken and turn into a bull? find out next.

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it's been nearly two years since we've had a decent ipo market it's been even longer since we had a good m&a market. these two droughts have crushed the profitability of banks that's what makes these firms hum, without ipos or mergers they can't get earnings traction or upseide surprises. spare me, you got to listen to me here, they're getting better. i know nobody thinks that way, but i want to point out there's going to be some good news on this front for the major brokerage houses kava, a popular mediterranean spa experience, kava came public in 2022, not a small company. had a $2.5 billion valuation ipo price. there was some concern that it would give up that huge first day pop given how terrible the market's been, but it didn't happen in fact, today eight analysts initiated coverage of the chain, which has about 2.5 billion in

sales per average unit a very big number and the stock moved up again, 11%. hey, listen, i got to tell you, i know the cava deal by itself means nothing but the good people at renaissance capital do fantastic work keeping track of these issues there's been a slew of ipos since then a thrift store, $3.7 billion valuation. worth 27% on its debut get this, this is wildly popular korean barbecue chain including on our "mad money" staff, gen restaurant which gave a 28% first day pop if you were lucky enough to get in i'm hearing good things about two upcoming biotech deals, along with our first -- in nearly two years from surf air mobility, which has ambitious plans for regional air lain with a fleet of electric aircraft we'll see how that goes. but you see a steady flow of deals once again of course there have been a

couple of duds, kodiak services, up nothing there, but for most part if you can get in on these new deals, i think you're going to make a lot of money that's where we are in the ipo cycle, but don't let them dissuade you from getting into these deals. that's where the most money in a new ipo cycle gets made. at this point the renaissance ipo 30.64% year-to-date, versus 14.9% for the s&p. here's a shocker, there have been 52 ipos priced so far this year, up 33% from the same date last year. too early to say the drought is over we need to start accepting that things are coming around, the worst is over. maybe some free money being made here how about m&a, this lucrative line of business because of the ftc chair linda hon who is incredibly hostile to mergers. she loves to block them. the fact that it's a merger is reason enough for her to block it

the s.e.c. doesn't have the final authority to stop mergers. you can take them to court, you can beat them at their own game. microsoft is trying to buy activision blizzard, and most previous regimes wouldn't have bothered to scrutinize this. rather than walk away, microsoft has chosen to fight the ftc in court. this week we're likely to find out if the judge will agree to the deal or block it if the judge green lights the acquisition, let me tell you something, there's still some regulatory issues overseas, i'm not overlooking that but it would be a huge loss for the ftc, and i mean i think it would heat up the m&a market at the exact same time. now, any of these bits of information taken in itself would be meaningless but if you take them together it could mean good things for goldman sachs, jpmorgan, and morgan stanley all of which are about to report i don't expect the numbers to get an immediate boost i'm saying this is how it always starts, a few good ipos here and there, a big takeover. so before you give up on the investment banks, remember that

you may be selling at the bottom because while no one else is saying this, i think these stocks could be about to get substantially better because of ipos and m&a i like to say there's always a bull market somewhere. "mad money," i'm jim ♪ tonight on "last call" -- disney's new headache. why what may be a little less money going around the magic kingdom. have rumors of twitter's death be greatly exaggerated there's a new tweet from elon musk you have to hear. is it safe for kids to play with ai or tiktok. one tech ceo says it's no brainer. lawmakers griller for the pga liv golf merger. it's make it monday. the entrepreneur whose street ware line is booming thanks to some of the biggest stars in sports all that and much more over th