reserve list >> but maybe he might -- doesn't really matter, he was eliminated quickly. not a lot of baseball being playing in flushing these days but we mentioned bio tech earlier, amgen wants to turn >> just get off the where it's . >> "mad money" starts 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 make friends. i'm just trying to make you some money. my job isn't just to entertain but to put it in context, so call me at 1-800-743-cnbc. or tweet me @jimcramer. we take calls on the show. nobody else takes calls. i like it. when the dow gained 17 points,

nasdaq advanced 0.55% all good for the bulls but there are times when taking calls can be frustrating. like when you ask me about heavily shorted stocks and i really have nothing to say that can advance the ball now, i was with someone when i was on vacation with the kids in iceland and his name is scott. he said some terrific things to me he said i saved his company. he said i kept people at work. one way was when the day i came to after my back surgery and saw gamestop stock was at a $400 price tag and called from the hospital to "squawk on the street" to say the cost was absurdly high. >> sell, sell, sell. >> here telling them i had to get out. it was the exact top and many still plame me for busting the short. he hated what happened to me

after. that my twitter account was overrun by hateful people. so hateful he couldn't read the response file anymore. my kids couldn't either. now, i can't read it i will never be forgiven for turning against the mean stocks are or the ultimate mean stock gamestop since these deplorables are never going to leave me alone, all i can do is double down and enjoy myself maybe hit the threads appand prepare for the investing club meeting tomorrow at noon so let me do it. let me double down right now i'm constantly asked about stocks flying and they're not good stocks. take carvana the used car play with a balance sheet from absolute hell >> the house of pain >> that in a just world would have gone under back when the stock was trading at 3 bucks and trade last december.

there are people who do great work and realized the company had trouble paying the interest on the debt and certainly it will only get more difficult if the fed keeps raising rates so they are short rates they smell a good short. carvana is losing money hand over fist and used car brprices are going down i love buying a car from carvana. i had them show it up at my house, didn't like it, send it back, different from the traditional experience those who look at a balance sheet and tea leaves and notice the decline in used car prices, they though that this company is a goner, so they bet against the stock of carvana they shorted whatever they could get ahold of you have to borrow the shares before you can sell them short and invested in carvana going to

zero [ horn blowing ] however there's a whole other group of people that don't know the craft of stong as i just described except if you buy it and buy it and then buy some more and continue to buy it. >> buy, buy, buy >> and your friends do the same thing. >> buy, buy, buy. >> then sometimes you can crush the short sellers simply by vacuuming up the shares that the shorts need to borrow if they want to make their trade short that's why being short is much more difficult than being long and when you get to the point where 50% of the stock float is sold short as is the case with carva carvana, a ridiculous amount and the short sellers simply won't be able to keep the stock they need to stay short the brokers will force them to buy it back, and it'll go even

higher when they do. >> that was easy, that was easy. >> look, the whole game of short selling is one side that's unfair bulls make money, bears make money and, guess what -- >> they know nothing >> they get slaughtered, the hogs so the shorts can only blame themselves for failing to take profits before the mean stock guys come in with the relentless buying. the stock went to 3. a lot were short and could have bought it back, covered and made a fortune, no, no, they were greedy, they were pigs now, shouldn't the actual business of carvana matter, they used car sales, the tower of cars and drive down i-95 and see it -- it is like a giant coca-cola soda machine filled with cars. shouldn't that matter? no, in fact, not at all. that's not the way it works. the buyers by their own relentless purchasing can make it so the bears can't find

enough shares to sell short. i know, not fair to the shorts but the whole premise they want to borrow somebody else's stock, sell it and buy it back at a lower price. somebody has to actually lend them those shares first before they can put on the short and that's what makes this such a brutal game. before you short a stock you have to locate that stock from a broker that way the person you initially sell it to will get his shares, but there are no guarantees in this business, just because you located the stock initially, it doesn't mean that it sticks, the broker has the right to break that commitment, break it and come to you and say, sorry, we got to wreck your short by buying in literally ending your trade. they don't even have to tell you they're doing it next thing you know, you have buyers who are buying carvana just to bust the shorts. and you have the short sellers whose in a stock they located with to break in with with their

broker -- the winners in it you would think would take profits, but something like carvana doesn't have traditional shareholders at this point the people who own it bought it gaus it seemed like a good idea and now being rewarded for busting the shorts they ain't selling if you tell them to take profit, they'll never forgive you. that makes this stock tight as a drum, as they say. many short sellers have no way out other than to give up. but do not cry for them. [ baby cries ] >> that's not how it works either when you call up and ask what do i think of carvana, i have to tell you i have no thoughts whatsoever about it. the company, those thoughts are irrelevant and think about the longs versus the shorts and call it a controlled stock and righ now the longs are in control, whoever is in control at any given moment when it comes to

carvana is the winner. what are some other controlled stocks how about upstart which is a company that makes unconventional loans, 35% of that sold short, a firm that paying out loan, novavax, we had them on a couple of times and had a covid formulation. ryan platforms, bitcoin moining company, 17% short, marathon digital, a digital asset company 25% short and one of the biggest that soared today coinbase with 25% of the stocks sold shortment you could see the shorts rolling over and dying today these are all battlegrounds, people they're battlegrounds like gamestop and carvana where the actual business doesn't matter and what matters is that there isn't enough stock for the shorts to keep shorting. as long as these sort squeezes keep up, these smart hedge funds will go bust, even if they're actually right about the business

which doesn't matter so, what should be your takeaway it's simple. don't short stocks heavily shorted. you're not only betting against the company but betting it won't become a controlled situation by the longs, the buyers would know the more they buy the less likely the short sellers can come out ahead and eventually enough short sellers throw in the tile how the heck am i supposed to opine on something simply a war between the advantage longs and the disadvantaged shorts when at a certain point the two decide to cash in or they don't and a short simply gets destroyed as the stock wars. here's the bottom line of a situation, i'm not going to start making wagers on the buyers and sellers i make informed decisions on the companies themselves unfortunately for me, the companies, whether carvana or upstart are not the point. it's not the craft i have been

taught and don't want to recommend the strategy of short busting because you never know how much firepower or not either side has scott in south carolina. scott. >> caller: boo-yah, jim. how are you feeling today? >> i am feeling well how about you? >> caller: i'm doing good but let's see what tomorrow brings for us >> good point. >> caller: yeah, got a question for you, i've recently taken some profits and i bought into a stock that has been down for the last year and a half and their earnings for next month don't look that great, to be honest with you i want to know what your take is if i should -- i'm about break even whether i should sell it and maybe wait till after earnings to buy down at a lower cost, but my stock is el, estee lauder. >> okay, now tomorrow at midday we are going to do our

conference it is our investing club club meeting, and i am going to talk extensively about estee lauder but i am not going to disagree with what scott in south carolina with a very informed position just said no disagreement with scott, but estee lauder will be entire flushed out by me at noon. i want you to be in the club right there. let's go to stackwell in washington stackwell. >> caller: boo, boo, boo-yah, jim. how are you? >> highly original i'm doing fine how are you. >> caller: oh, man, i'm all right. yeah, man, i want to thank you for all you have done and, jim, a lot of them haters hating on you, but i'm from seattle. we'll get the seattle kraken any time. >> my wife was discouraged i think you are at this point more hated thank putin i said, listen, it's been 5 and

of the whole way with twitter. sometimes i'm 6. sometimes he's 5 don't write me off yet. >> caller: we got a lot of people that got your back in a lot of strange places. >> thank you >> caller: what i can definitely say -- ♪ hallelujah ♪ >> caller: we've had a lot of analysts that you told us not to listen to upgrade, downgrade this unh stock and trying to figure out do you think they'll hit the highs again. >> i need you to take an eight-month view why do i say eight, we got to get to the promised land of next year because when united health reports you'll find out it did better than it said when it had these issues involving more people playing pickleball. i got to tell you, the club told me i had to have weights to play pickleball i'm not changing out my levis. i wouldn't touch it but it could make a comeback. do all the research you want on

a specific stock with a short thesis in mind but if it's being heavily shorted, would you please just steer clear. on "mad money" we continue our series on legislation beneficiaries by taking a look at the c.h.i.p.s. act. everyone forgot they're about to win. then we turn for more macro themes storage rental plays you don't want to miss it's actual -- >> buy, buy, buy. >> sean saver's valley village soared on its first day of trading. can that be sustained? you know we're all over the ipos that market is coming back as will the m&a market after that incredible decision against the ftc today. the court when it comes to activision stay with cramer >> announcer: 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 head to madmoney.cnbc.com. i was told my small business wouldn't qualify for an erc tax refund. you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. [coughs] good to go. yeah, i think i'll get a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion. no. i'm going to get a second opinion. with innovation refunds, there's no upfront cost to find out. so why not check like i did for my small business? take the first step to see if your small business qualifies for the erc.

the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com sleepovers just aren't what they used to be. with a partner tha house full of screens?. basically no hiccups?

you guys have no idea how good you've got it. how old are you? like, 80? back in my day, it was scary stories and flashlights. we don't get scared. oh, really? mom can see your search history. that's what i thought. introducing the next generation 10g network. only from xfinity.

all this week we're running a series on the major pieces of legislation that have been passed since president biden was sworn in trying to identify the companies that will benefit the most as all this federal spending finally kicks in. last time we looked at the big infrastructure bill, tonight i want to focus on another straightforward one, the c.h.i.p.s. and science act from last august. the original act was a direct response to the global semiconductor shortage that hit during the pandemic and hurt the united states.

as people paid attention, chipmakers were hostage to manufacturers in asia and we've been taking our steady supply of semiconductors for granted that's why the commerce secretary pushed so hard for the bill these days we put chips in everything so if the supply chain hits a snag, our whole manufacturing sector suffers but the white house had to throw in other goodies and became the c.h.i.p.s. and science act this has a $52.7 billion for american semiconductor research development, manufacturing and workforce development with most of that going to manufacturing incentives to make this stuff in america again. on top of that, the bill also had a 25% investment tax credit for capital expenses coming from semiconductor related equipment.

coming into play and it will be bullish for our country, of course, like i mentioned last night it takes forever for the money to get disbursed that's why i'm talking about it a year after it passed people have forgotten it will hit. who are the biggest winners? let's start with the chipmakers announced major domestic investments sub si die diezed by uncle chip intel and under the ceo they pivoted hard diving head first into its old family, the foundry business for itself and outsourced manufacturer for other semiconductor companies and putting up new facilities in arizona and in ohio, committing tens of billions to these projects in part because the federal government will end up footing a big chunk of the bill. a great deal for intel of course, i haven't been a fan of intel for ages and have major execution issues and amd is running circles around them but i have to concede intel's stock has acted better recently rebounding to the mid-20s to low

30s and most recent quarter was the best we've seen for them in a long time and i think it will only get more attractive as the subsidies kick in. while it needs better execution, no doubt about that, the expectations are now so low that it wouldn't take much to keep the stock to continue to go higher next, who else would benefit -- who is eligible for these subsidy, one that spends a lot of money in the u.s. already is micron i think they might be the second biggest beneficiary from the bill, they have announced huge investments in domestic chip manufacturing including up to $100 billion in a so-called me megafax in the united states on top of the act they are getting 5 billion in incentives from the state of new york it is such a bonanza that even foreign chip makers want in. the c.h.i.p.s. act was written to help our companies diversify away from taiwan semiconductor, the largest chip manufacturer on

earth but now it's building a $40 billion foundry in arizona and tax credits and grants from the state and federal government to help. that's pretty good hey, if taiwan wants to make chips here, more power to them i never thought i'd see the day that they would invest in american manufacturing how about global foundry, outsourced chip manufacturer with a huge facility in upstate new york, right when the c.h.i.p.s. act was signed into law qualcomm announced an agreement to buy $4.2 billion, specifically their new york foundry and learned about a new long-term supply partnership with lockheed martin the c.h.i.p.s. act spending kicks in and now when you hear about all these new semiconductor facilities building all over the country that's good news for the semiconductor capital equipment makers because it'll be able -- they're going to sell a ton of

machinery into the foundries i want you to think about applied materials, lam research, kla corp and then the dutch company asml of course, these guys don't care where new foundries get built as long as they're built somewhere but i think there will be definite beneficiaries from the subsidiaries, good news for some because they've been closed out from some chinese business at the same time there's a lot of money for semiconductor research very many and more manufacturing investment equipment too. one big example is applied materials' new $4 billion epic center in santa clara which we discussed in our recent interview with apply materials' ceo gary dickerson. >> i know are cynical about the government but the c.h.i.p.s. act seems to keep the intellectual property in our

country. >> no question, it is a catalyst so i think there's two things. one is where you build chips, i think having that secure supply chain is important, but, jim, even more important is leadership and how to bill the chips. >> right >> that's what we're doing with epic, the high velocity center c.h.i.p.s. act is a catalyst. >> finally one more cohort that wins, the companies that help chipmakers design better semiconductors my favorites are cadence design systems and you might have heard us speak to them and synopsys. they don't care where they're being designed so long as it is somewhere. all this investment semiconductor innovation will help them make more money. we recently spoke to cadence's design ceo when we were in santa barbara for the nbc/co summit. wow is he powerful

he made the point the c.h.i.p.s. act makes big investments in the next generation of chip manufacturing and that's where they could rack up business. behind the scenes cadence does a huge amount of business with nvidia, long my favorite at the end of the day i don't need that much of a push to get in, meaning the chipmakers themselves global foundries and applied materials and the design assistance companies like cadence, i think that we're either just past the trough quarter for semiconductor demand or currently in it either way that would make this a great time to be a buyer of all the stocks i just went over and, no, they haven't moved as much as you think. no, they are still in the sweet spot of buying here's the bottom line, please do not look a gift horse in the mouth. the c.h.i.p.s. act is a real positive for all the companies to get their hands on the government grants and tax incentive money that should soon start flowing to intel, micron,

taiwan semi, global foundries, applied materials, and cadence design systems among many others those are it and we're back after the break. >> announcer: coming up, moving is the worst can this van and storage stock make it "haul" better? stay tuned (swords clashing)

-had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme.

because wall street is finally coming around to the idea because it's much more robust. we already had a pretty sizeable run over the past four months and the future is murky plus we're real overbought. we don't know what the fed is going to do next open market committee members are all over the place

others want to tighten other want to hit us with rate hikes. hard to get a touch on it. i like to look for other ways to win, either long-term sector themes or shorter-term trades that you might like that seem to play out year after year after year right now we're talking short term and for that we're going off the chart with larry williams, the legendary technician would has been the top expert in this space before i even learned how to drive and i was a good driver at one point. larry has written over a dozen books and created a host of his own proprietary technical indicators which you can find on his website. he has a stellar track record with us, especially over the last few years and called the covid bottom when everybody else was thinking the economy would stay he called the big rally in january. everybody else thought the market would fall apart and now has a specific smaller stock idea that i really like. and it's called u-haul

that's right, the do it yourself storage and moving rental play it needs no introduction because of the trucks. they're iconic why u-haul this is a great time of year for them remember, he likes to do cycles and different moments of the year check out this chart that shows the most common months of the year to move pretty obvious, right? that's right according to the u.s. census 8.4% of americans moved in 021 and that's roughly 28 million people which translates to $19 billion of annual spending on a moving average basis of that 19 billion, 37.5% is spent on truck rentals with the 16% going to moving containers u-haul is bread and butter and as you can see from this chart, peak moving season is in the summer, roughly 62% of all moves in the united states take place between april and september with the peak period really beginning being june and through august so we could we be

more on the case right now makes sense. who wants to haul that stuff around when it's freezing outside. recipe for disaster. safer to get everything done when it's nice out is that really the business to buy u-haul not if you ask commerce. well, everybody knows about seasonal stories so it should be reflected in the share price that's very common wisdom. it just is going by common sense we know the market anticipates the future how can you make money in u-haul if everybody knows it's the peak moving season? well, bear with me here because it's absolutely right. if we're going purely off logic it wouldn't make sense but the stock market is not a logical animal how many times have i taught you that that's why rather relying on reason or common sense we need to take an empirical approach. look at this evidence. the evidence is u-haul stocks

does seem to rally in the summer look at this everything is supposed to be in a stock then why is that -- how could that happen and the answer is because things are irrational in the stock market. i want you to look at the weekly chart of u-haul with the true seasonal pattern in the bottom at blue. this stock has a very strong tendency to rally from early july all the way through the middle of december meaning it is a seasonal move with real legs last time it lasted through january. what a great run i want you in this again, you could say it's absurd for a stock to trade this way. what can i tell you? that's how you all trade that's what it does. you could argue people who buy it in the summer are idiots, i say who cares if they're idiots. they're reliable buyers. you can pretend they don't exist but the pattern is there of course, we wouldn't recommend it on seasonal pattern alone

occasionally it doesn't work but williams makes his own cycle forecast based on how a given stock has been trading over various periods of time. take a look. with u.s., his cycle forecast says the stock is poised to rally from here until november which is very similar to the seasonal pattern again, i mean, look at -- you just get this pattern and you really want to take advantage of it finally williams has his own gauge of institutional buying and love to see it because these major firms have the firepower to move a stock and move it higher check out the action u-haul versus this indicator down at the bottom right, okay now, right now we're getting high readings of institutional buying and according to williams, this tends to be a precursor to meaningful rallies in the stock, my view, look, people want to move which is why the housing market seems to hold up insanely well, but between inflation and worries about the economy people want to save money which is where u-haul comes in

wouldn't surprise me if this stock can do what it usually does and gives us a very nice rally in the summer. hey, why not have an individual stock idea if it's going to work thank you, larry bottom line, even if you can't figure out the whole economy there are ways to figure out individual stocks. right now the chart by larry is u-haul should be running through november or december and you know what, i ain't betting against this guy it's just too cut and dried. let's go to jim in virginia. jim. >> caller: hi. >> hi. >> caller: first time caller i have a question about the bluebird corporation they make school buses, and they've been in business since 1927 and they just started producing electric buses and i was wondering what you think of the company >> i have not been a fan and i've not been a fan because they just simply don't make enough money with their core business and if i'm going to buy a stock

these days, it better make enough in the core business. if it's not a good traditional business i have to recommend against it i'm glad you're a first time caller steve in new jersey, not a first time caller, steve. >> caller: how are you doing today? >> i'm good. how about you, steve >> caller: doing okay. my call today is about norfolk southern since the derailment earlier this year which sent it to a low of 1.96. i see it's moving up steadily. with continued litigation over the derailment and the state of the economy would you consider it a buy today >> there were two different recommendations and we were both puzzled. i was going over it with the team saying this type of thing, this pattern where you get not one but two pushes in a day usually means some good news is ahead. i say buy norfolk southern now, u-haul might have a predictable season pattern but

the charts by larry williams, they need to rally again in the coming months and betting with them, not against them there you just had a great idea for the show much more "mad money" ahead. bargain hunters look to sue saver's valley village for the deal are investors getting a bargain? then avoid the magnificent seven at your own peril. a couple of down days but i'm sharing why it's more important than ever to focus on these red hot stocks even though there's been this rebalance against them and all your calls, rapid-fire in your night's edition of "the lightning round.

♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently.

it still does. what can you do with spy? ♪ ♪ ahhh! icy hot pro starts working instantly. with two max-strength pain relievers, so you can rise from pain like a pro. icy hot pro.

flex alert! flex alert! a power outage is looming. that's just alert, he's always getting worked up about something. flex alerts notify us of preventable power outages. that way we always know when to help stop one. ok flex, just drop some knowledge on me again. oh, ok i will - i'll turn our thermostat to 78... i'll unplug the blender. the hair dryer. - my blankie? - yep! - let's talk about it! - nope. ooo, we can save the laundry til' the morning! oh, yes please! oh! little things like this help save our power and help save us from outages. with flex alerts, the power is ours.

♪ last night i talked about the quiet revival of the ipo market and starting to get larger listings like kava have been real winners and had six deals in the final week of june. huge increase versus where we are lately tonight i want to circle back to the most successful, saver's value village. saver's value village. a thrift store chain pulled back just under $23 at the close. it's now drifted to 22 and change as of today look, i got to tell you it's intriguing but not sold so let me explain why savers value village is the largest operator of for profit thrift stores in the u.s. and canada more than 300 north american

locations and they partner with nonprofits to redirect billions of pounds of secondhold clothing and household goods from landfills. i'm a fan of all of those from higher end chavens, those off price chains are what works when consumers are worried about the economy. they want to trade down. we had a nice gain in the name we'll talk about it tomorrow, the new conference call now savers value village isn't in the same line as tgf and pick up unwanted apparel and sell it to a more budget-conscious consumer and more importantly the numbers are real first quarter they had 17.2% of same-store sales growth. that's pretty high although that was down from 20% growth the year before and the comps slowed further to 6% and 4.7% in april and may respectively if you look at the off-price chains for comparisons, savers

is in much better shape. tjx which i like had 3% same-store sales and burlington was red hot, 4%. none have come close to this company. now, in terms of new stores savers has been expanding its footprint, not growing like crazy, 294 stores in 2020 and 317 at the end of the first quarter despite the expansion, net sales growth slowed to 3.7% in the two-month period that ended up may 27th. that's -- i don't like that deceleration what about prochtability savers lost 63.5 million in 2020 but then in 2021 their net income came in at $83.4 million. although it stagnated. only 1.4% up last year this is one of the things i'm concerned about but get this, worse, they had a net loss of 10.2 million in the first quarter. although savers also said their

net income was back in solid, positive territory for april and may so this may be historical but i didn't like it still down year over year. that said when you drill down to the earnings for interest tax, depreciation and amortization it got much better numbers. on the other hand the free cash flow is back in negative territory. i don't like that. it's not great how about the stock's valuation. we have to judge savers using last year's earnings numbers although that might be more generous because the earnings seem to be deteriorating right now trading at 43 times last year's earnings but by comparison tjx is 27 and just 23 to 24 times this year's number so that gives the edge to tjx. given savers lost money in the first quarter and saw year over year shrinkage in april and may good chance 2023 will be a down year for them meaning it may trade at 43 times the original

numbers and much more expensive than tjx now, if you judge this stock on an ebitda basis instead which seems kind of weird for a retailer the enterprise value is just 17. andthat would make it look cheaper than tjx the people buying savers aren't buying it for the present but for a vision of the future and wants to be considered a growth name with management claiming they have a path to expand from 317 stores to their words not mine more than 2500 over time. if they can deliver on that, sure, this would be one of the greatest growth stories out there and we'd be talking about it all the time. i have no idea if that's possible is there that much profit in thrift stores? there may well be. it could be. now, if you look at a more growth oriented store like five below it's 35 times earnings estimates which makes savers look less than safe but five

below has much better growth than savers at the moment and there is another important negative consideration savers value village was a private equity backed ipo and we got a beat on these and know they don't work out so well for you. the company still controlled by its private equity sponsor who happens to be a very good firm now, some of these private equity backed deal works out for shareholders but almost always an uphill battle and companies with large amounts of debt which is why they have a less than ideal balance sheet and ares management owns 84% of the company and eventually will want to bring in the register that's what these firms do there's a lock on insider sales for the first six months after the ipo. that won't happen but when ares starts to sell, i'm going to tell you i think the stock is going to get obliterated even if you like savers value

village in a little less than six months this will hit its expiration date at which point you probably don't want to stick around to wait for ares to sell. even though the ipo market is looking much better when we were flooded with junk merchandise not everything that will come public at this point in the deal cycle will be worth owning maybe all the money has been made already they have a seemingly great story. when you look at the numbers it seems to have issues right now, and i'd much rather you own tjx, a charitable trust name or five below. to play the same themes with time-tested companies especially when i think how savers has that private equity overhang. bottom line even though the investment bankers want to lure you back into the ipo casino with enticing deals to start the cycle not everything that comes in hot is worth owning, and i think savers value village definitely falls into that category "mad money" is back after the break.

>> announcer: coming up, cramer wants to hear from you your calls on "the lightning round" next. meet gold bond healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers and 3 vitamins,

you can pay more but you can't get more. gold bond. champion your skin. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call

coventry direct today at the number on your screen, or visit coventrydirect.com. - [soldier] take a look at this! - they've left us a gift. - [soldier] i think we misjudged them. - i love horses. (birds chirping) - [soldier] we should open the gate. - let's see what charlotte thinks. - [narrator] at crowdstrike, we monitor trillions of cyber events to detect threats and prevent breaches before they happen to keep your business from becoming history. we stop cyberattacks. we stop breaches. we stop a lot of bad things from happening. crowdstrike. protection that powers you. ♪ 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, and a personalized plan built on insights and innovative technology. you get grit, vision, and the creativity to guide you through a changing world.

♪ the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com >> announcer: "lightning round" sponsored by td ameritrade it is time it's time for "the lightning round. let's talk about saving and hear this sound -- [ buzzer ] >> then "the lightning round" is over richard in arizona, richard. >> caller: hey, jimmy, thanks for taking my call a big boo, boo, boo-yah from

arizona. >> i don't mind taking it. >> caller: my question is on cleveland cliffs cof. >> good, but not great, nucor is the one. that is our style. has been for 18 years. we're not starting to deviate now. let's go to marla in north carolina marla. >> caller: hey, jim, thanks for taking my call >> you're welcome. >> caller: what are your thoughts on jackson financial, jxn? >> so, i looked at this the other day and it yields 7.8% it's too high. it's called a red flag so i can't touch it i'm going to curry in new jersey curry. >> caller: yeah, hey, what's up, jim? >> not much. how about you? >> caller: i'm all right my game is kerry >> stop laughing at my accent. it's not the stuff you get at the indian restaurant but that's

how i pronounce it go ahead, kerry. >> caller: i'm curious about the quantum scape. >> oh, no. there's nothing there. >> sell, sell, sell. >> we're taking a breather free clothes i can't take it anymore, and that, ladies and gentlemen, is the conclusion of "the lightning round. [ buzzer ] >> announcer: "the lightning round" is sponsored by td ameritrade. coming up, what's hot sauce and an old western have to do with cramer's recent thesis? nothing much but his take is magnificent and it's next. >> jim cramer, the die-hard of the dollar. >> jimmy, love the show. >> my 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

thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. i was told my small business wouldn't qualify for an erc tax refund. you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. [coughs] good to go. yeah, i think i'll get a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion. no. i'm going to get a second opinion. with innovation refunds, there's no upfront cost to find out. so why not check like i did for my small business? take the first step to see if your small business

qualifies for the erc.

what are you working on? take the first step to see if your small business a bomb. it's happening, isn't it? this is the most important thing to every happen in the history of the world! it's so aggravating to stand here and tell you to stick with the magnificent seven, friends, when there are so many cool ideas that are out there maybe buying mccormick after it reported a terrific quarter while i was on vacation.

it's grill season. why not just buy it, then i noticed the tried and true ceo is retiring. i don't know the new guy well enough despite a great last quarter they didn't raise its forecast anywhere near i would expect so i'd past i wish i could well a zoom or wayfair or carvana but what am i basing it on who knows when those will end. those are basically like gamestop that was on the way to 400. controlled stocks that can go higher because short sellers are panicking and now they've gotten high enough the company can sell new equity solving near-term problems in the balance sheet. they can go higher i'd love to get behind any of the myriad regional bank with great franchises, 5% yields, 6 p/e.

if they're wrong, and the fdic plays hardball, everything could go wrong and i was intrigued about burberry stocks, a nasdaq 100 rebalancing which trades them to smaller companies but it's so much easier to talk about stocks when you know the price targets go higher and not lower. so much easier to talk about the magnificent seven where you know you'll get more upgrades than downgrades and hear about a price target raise in tesla any time you want. why not take your price target out for amazon it's prime day two upgrades isn't meta crushing twitter? now that activision deal will close because the ftc lost that's the litany. it's just so darned easy to bet on the magnificent seven because everything always seems to go right with them. while the group might get hit because of the nasdaq 100 rebalancing or terrible

inflation number tomorrow you know the analysts will come out of the woodwork and have no shortage of reasons to recommend them the buts and magnificent seven are always kept in the air as someone who runs a dive diversified charitable trust, i'm aware that you don't want to own anything but these stocks right now. they're simply that much better than everything else but that's not diversification. of course, there will be days when they sell off horrendously, altogether so you can't even believe you ever entertained owning them, and you will be grateful for diversification but something happens that's serendipitous so thoughtful and eye-opening, you aid, that's why i own them for instance, yesterday i'm reading this nvidia blog of all things about how their graphics cards are able to make weather predictions at a stunning level of accuracy and do climate modeling while enhancing energy efficiency it's to the point -- it just seems like magic nvidia's forecast net can

predict high-impact weather events weeks in advance because it is 45,000 times faster than the current models 45,000 it's always like that with nvidia isn't it it's not five times or ten times faster there's not 10,000 times faster. it's 45,000 times faster and because jason is a hater of waste, now, i know nvidia's weather forecasting doesn't result in higher numbers per share but gives you the confidence to hold it during the downdrafts they play at a different higher level than any other company in the universe so yes, i like french's mustard and hot sauce, i use zoom and bought a car from carvana. they seem cheap but none has figured out what the hottest day will be in the subsaharan desert in the next three months, not the month, not the week, but the day. that's what nvidia does.

that's why it can be owned when all hell breaks loose over the fed meetings and cpi numbers, as can the rest of the magnificent seven when the chips are down. i always say there's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer i will see you tomorrow. "last call" starts now. >> tonight on last call mr. bezos apparently we have a problem. blue origin suffering an explosion. and bank of america facing eye opening accusations of customer abuse. a wall street showdown, the ceo of grayscale is here. plus a new push on capitol hill to cut the impact of foreign money donations out of the elections next year. one of the lawmakers leading the charge will be here.