grandpa? ridiculous i mean, he looks like, you know, young man. >> younger than you. >> gdx, melissa lee. >> and thank you, lori, for joining us thank you for watching "fast money. "mad money" with jim cramer starts right now. my mission is simple, to make you money. i am here to level the playing field for all investors. i promise to help you. mad money starts now. >> [ music ] >> it is earnings season, that

means we need to figure out the habs, which will most likely make money if you are putting fake numbers, and the have nots, which would most likely blow it. just look at it is action with the dell gaining 48 points. the tech heavy nasdaq jumped 1.58% it's the same ones that are viable over and over and over again. tonight, you are very lucky, because i'm going to give you the haves and have-nots. why don't we start with something positive, start with the habs. sorry, i know it is overdone, but the most are the magnificent seven. let's start with apple. it has got the best subscription pod in the world and it keeps adding great content. we just heard today and david faber's excellent interview that he needs partners for sports.

can you imagine watching live sports with apple making money? you will be on the sidelines, not the peanut gallery, life will never be the same again. it is not incredible command skyhigh price tag. don't forget i was in the introduction video for the product. doesn't that suggest a disney tie up with apple? next is alphabetically to a winner, not a loser. making generative ai to make people and companies smarter. amazon, hey, just had an amazing prime david numbers showing once again that e- commerce is incredibly strong. will turn things around, not this quarter, meta, it has just gone nuts, people, that's because we know it is cutting

costs aggressively. while revenues are accelerating. >> [ music ] >> thanks to reels on tiktok and also instagram, which advertises are happy with again, because they have come up with workarounds against apples privacy restrictions. who knows how great threads can be? without feeling like you are swimming in the canal. that air don't matter. tesla, what can i say? the internal combustion engine folks are all still way behind. they can't scale up production, they can't do it fast enough. one day they will, but not now. microsoft is ridiculously strong, it has got the best ai. i just wish they could make it so that hans stops popping up every time i turn on my pc. how bad is that resume?

how do i get that -- i can't. i.t. is not strong enough to stop the jump that microsoft puts into my pc. but how about this one? in video. the most obvious winner in ages. let's just add some smaller contenders that are magnificent. let's call magnificent seven adjacencies. oracle. service now. favorite cloud case. they are winners, along with adobe, which seems to be considered a winner. a firefly product. by the way, did i mention this? next group, travel wizard. this is the long on money, sure on timepieces i keep adding. others want to call it revenge travel, i like my notion better. delta airlines today crushed the numbers that it was just

waiting to waste, it was an amazing beats. why? people want to see the world while they are still alive and healthy enough to do it. what is true to delta would be true for every other airline. it has to do with travel leisure as a winner. whether we are talking about booking.com or airbnb or marriott, they all work. probably traded places where people go to have the greatest experience, dining without paying a fortune. i worry the market has been so concerned about potential credit issues that i am not worried. i would rather have draftkings or speak of the devil, any casino when the mgm or las vegas. i have been pushing this hurts for a while. these two stocks are being realized as cheap. of course i would like to include disney into haves, but it needs to buy a sports programming.

with actors strike, way too hard right now. it has got an ugly balance sheet. then there are the semis. such a glide. now, they are coming out. i like micron, amd, glamour search, broad calm, and of course, let's hear it, and video. see the theme? next up as homebuilders but if you take mortgage rates up to 7%, it is supposed to slow down, right? no, actually increased this week, this is crazy. winners all. now we have to add medical devices to the list of haves because people are going back to the hospital for nonurgent surgery now that covid is over. the hospitals cannot all be winners because that is where

you go to get your medical devices implanted. now, let's address the have- nots. first, we have the flipside. the health insurance market. they are paying for these operations. we will find out how long this group can stay in bear market mode when we get the latest. lakes 24 hours -- 12 hours from now. even getting killed by pickleball injuries. i want to play pickleball in sweden. here, you have to have rights to play pickleball. i don't need rights, i don't know what i have. second, dumb and dumber. at&t and verizon, phone companies. they have some of the winningest power i've ever seen. any moment, the water must be feeling like i want to see these guys. third, banks. the regionals, not the nationals. the smaller banks, they are being crushed.

i think they will be ridiculed when they report because they aren't going to be able to handle the new regulations coming your way. not to mention deposit where he is. fdic cap, what a nightmare. fourth, drug stocks. the federal government is negotiating prices for medicare and i.r.a. they're trying to block mergers and there is an election year where big pharma tends to become a public enemy, like a pinata. what a nightmare again. black mirror. fifth. the bomb market equivalents. that means the staples. pepsico. also, the utilities. there are definitely have-nots. the dividends just aren't big enough to protect you. finally, six are the retailers. calls, target, macy's, enter at your own risk. back-to-school season, students have to pay back their loans, how do you like that?

you have to pay back your loan, what a crummy feeling. brick-and-mortar bought by amazon. retail, funeral invitations, anyone? i know this is preposterous. there are exceptions, as i mentioned, pepsico. i think costco will do well, so will walmart. really, the market is about as clear as i have ever seen it. the funniest thing or the oddest thing, everything you ever hear about the economy whether it be the fed, inflation, has nothing to do with what is actually making money, nothing. because it is arbitrary, and alas, it's valuable. mandate in maryland. >> hi. thank you so much for taking my call. >> thank you, mandy. >> thank you for all your advice and saving us from ourselves, not losing more money than we have to. >> that's what the game is about, thank you for understanding and thank you for

being our first call her tonight, how can i help? >> thank you so much. i have shares of home depot and lowe's and i was wondering, i would like to ask about florence accor. >> pretty good. initially i was a little suspect, i am still a lowe's right now. floor and accor are the two areas that are doing really well at home depot and lowe's, i am not going to argue with mandy. i think mandy has horse sense. everything you ever hear about the economy, whether it be the fed, inflation, it means nothing, at least when you are trying to make money. that's because what really works is arbitrary, and i just gave the list, it is called babel. we are wrapping up our series on legislation benefits and beneficiaries by identifying miscellaneous themes that are going to benefit from a new

flow of government spending. bonds, treasury bonds, after a tough stretch for long-term treasuries, could things be looking up? it would be a shocker, wouldn't it be? yesterday, we learned about a major cyber security breach within the federal government with hackers getting access to a host of email accounts. i am learning more about how something like this happen and how it can prevent it with none other than the networks. so, stay with kramer. >> [ music ] >> don't miss a second of mad money, follow at jim cramer on twitter. have a question? send jim an email at mad money at cnbc.com or give us a call at one 807 43 cnbc. miss something? had to mad money

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[ music ] all week, i have been highlighting the biggest winners from the biden administration's new spending bill. because that money is finally starting to really kick in. now, we have been over the infrastructure built and a big chunk of the so-called inflation reduction act, but there is still a lot left over. let's start with another set of i.r.a. beneficiaries i didn't get to last night. we now have huge tax incentives for people who install high- efficiency heating, inflation, and air conditioning, gas, hvac. this is all in the covid relief pack for various upgrades, especially in schools, by the way, which is a fantastic market. the two big winners here are carrier at global and train technologies, both of which hit new 52 week high this week

after a miraculous rally since the end of may. perceived as being stocks that are hostage to the broader economy, especially the commercial real estate space. that had driven them down. now it seems the economy is in better shape than the wall street assumed. because of this tremendous financial tailwind. carrier has an acquisition in april. initially, the market disliked. but now people seem to have come around, as they should. the opposition gives carrier an amazing heatpump franchise. by the way, the stock is up 28% since we spoke to ceo dave gatlin in late may. with all the tax credits for the merchandise and the inflation reduction act, let's just say the funds are for ventilation improvements in schools thanks to covid bills, these guys have powerful tailwinds that could be with us for years and years. i really like these.

this has been a favorite of mine. what else? another initiative, a priority that has got multiple bills, including the infrastructure package. >> $42 billion worth of grants that span the country and no one talks about it? that is just plain wrong. let me introduce you to a company called dicom, originally homework. this is engineering construction, that mainly serve the communications industry. when they lay down broadband, these guys stand against him of that business. the stocks now up 28% as a recommended last fall. the broadband has just been allocated to states. it hasn't even put in dycom's numbers yet. while i am happy to talk about dycom, this is a show about

accountability. another stock i recommend at the same time, it seems so good to me, called clearfield, which makes equipment like fiber optic cables. the stock market made a big move back then and anticipation about the broadband spending coming our way. i thought it could keep running, but instead, it fizzled. crypto had to slash its earnings dramatically because it's customers over order during the pandemic, and now i need to digest the inventory. definitely caught me by surprise, i got this wrong. now that clearfield stock has been cut in half, i am not sure i want to back away from it. the problem with clearfield as we got the timing wrong. we didn't know it still had covid inventory hangover. and we are nearly a year too early to benefit from the infrastructure spending that we knew was on the way. now that money is closer, being spent, i got to take a look at this thing and say, when we looked it over, we liked it

twice, we like that down 50%, don't we have to love it? i think so. that's it, you need to have a lot of confidence because companies like at&t and verizon are really struggling, meaning they are desperately looking to cut costs, too. i don't know about the federal spending on broadband is enough to offset. finally, i need to reiterate my support for the military industrial complex. contractors could benefit for years to come. the pentagon is have to replenish the stop for many years, not weeks, not months, but years. raytheon has a terrific aerospace business and an incredible high-tech defense business. i don't want to sound like a broken record here, but rtx -- unlike everything else i have mentioned in the series, the defense contractors don't see much benefit from the big spending programs that passed in 2021 or 2022. instead, i like the grip because of something that didn't happen in a much more

recent piece of legislation. the fiscal responsibility act of 2023, a.k.a. the debt ceiling deal. there weren't any significant cuts for spending. like we saw in the last big debt ceiling showdown in 2011. these stocks have been lagging behind the market in 2023. debt ceiling related worries. i put out this was ridiculous, because the defense stocks seem great even after the budget cuts following the debt ceiling deal. it turns out that we didn't even have to worry about defense spending cuts as part of the debt ceiling deal, because $886 billion in defense spending next year, that is the exact amount president biden had already requested in his budget. and up more than 3% above the previous year's defense budget. that's why i think this makes sense. it is just a difference in the programs that mostly relate to refilling our stockpiles. sending so much of the stuff to ukraine. best of all, you can buy most

of these stocks. still stocks that are negative, in negative territory for 2023. bottom line, at a moment like this, you need stocks that can keep trading higher, regardless of the ups and downs of the broader economy. and few things make that easier than huge federal spending programs that support vast quantities of money in specific businesses. now the money is getting into the states at last, it will soon reach businesses themselves, potentially giving their stocks multiple years of gains, and gains that can still be had by you, especially in this now red-hot stock market ever goes, and you can get in at better prices. mad money is back after the break. >> [ music ]

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>> [ music ] i got started in this business in the early '80s. i live nearly two blocks from here. raising interest rates to stamp out what was then horrific inflation, a much more extreme version of the last year and a half. i bring this up because back then you have the incredible opportunity by longer-term treasuries with high yields, right before a fabless multi decade rally in the bond market. once inflation, bond prices soared. i saw a ton of thirty-year paper to mike clients back then. we could be headed for something similar in the not too-distant future. that is why tonight, we are going off the charts with carly, a brilliant technician who helped us tremendously. she is also the cofounder of carly training. the author of a book i like very much, and she is feeling

very confident about something other people aren't. that is the most aggressive rate hike campaign in history. investors have circled back to high yields, low risk assets. where you get a better payout with less risk. treasury yields more than 5%, pretty good piece of paper. last year, we had a nasty self from treasuries, which is why both the 10 year and the 30 year now pay you close to 4%. plus, the first half of the year was very good for the stock market. stocks are the real competition. but longer-term treasuries could be uniquely positioned to give you both high yields and amazingly higher prices going forward. one of the best times in history in the u.s. bond. just like in the early '80s. percentage-based. going into this year, everyone was flat-footed, every thought we were headed towards recession. they were wrong. so, these funds went

underweight equities, and not that long ago, money managers held the largest net position ever recorded. the stock market was hated, but not by carley. now we look back and see they have been proven wrong. many gave up on traits or even changed sides. simply because they don't want to miss out on a miraculous run. they also wanted to show investors they own the best stocks, because otherwise they look like idiots. now to carley garner who got this thing so right, she worries you're coming in late. she is not -- she suspects the best money has already been made. i am kind of in that camp. even the dynamics of this market, she thinks a lot of money that would normally be sitting in bonds has already been swapped over the stocks with investors chasing the high returns. the s&p 500 has been giving us historically huge gains for the past five years with the sole exception of 2022. we got used to the stock market being much stronger than normal.

by contrast, carley garner very much like the look of longer term treasuries right now. she thinks the 4% plus yields and the possibility of meaningful price appreciation make them quite a factor. by comparison, the s&p 500 only has a 1.5% yield. the feds made real progress in this war against inflation. as for the upside, she thinks we have exhausted most of these for the moment when it comes to stocks. that's not all. take a look at this chart of the seasonal pattern in 30 year treasury bonds. the 30 year often presents relentlessly higher in july and august. almost regardless of the fundamentals. so far this year, the seasonal strength has been nonexistent. garnet says there is a good reason to believe that might change very soon. for one thing, money managers -- take a look at the weekly chart of the 10 year note futures with the cftc's commitment of traders, that's what this is about. the traders report is down at

the bottom. the green line shows you the net position of large speculators, eaning professional money managers. right now, the 10 year futures by about 780,000 futures contracts. this is the largest net short position for the 10 year and its history. the second-largest was in 2018. that was 100,000 contracts more than this one. historically, they tend to be wrong. and whatever they had shorted, we bounce in price and we bounce rapidly. kind of annihilated in 2018, and that's what garner expects to see in the 10 year futures now. the last time was right before jay powell stopped typing in 2018. the fed definitely is in town at this point, we are definitely getting closer to the end. next, check out the monthly chart of the dollar index, which measures the u.s. dollar.

a lower dollar is good news for anything priced in dollars, anything. including treasuries. now, according to garner, the dollar index is on the brink of falling back to its lower, pre ukraine trading range. if we get a weekly close below 100, where it is currently traded, she thinks that that would seal the deal for another move up like that, okay? again, we thought it would be terrific for treasuries. finally, don't forget, the high inflation is what originally caused the bond prices last year. sent bond prices soaring. a year later, we know inflation was speaking when people were most worried it tames. i think the fed still has work to do in order to truly crush inflation. even as we had a great price index numbers today that i consider far more meaningful than yesterday's price index rating. things are definitely moving in the right direction, as we have

been saying, and if that is the case, garner is probably going to be right about her longer term treasury that it although it would be nowhere near as good as the 30 year bonds i saw with the yield. carley garner says we could be looking at a tremendous multiyear rally in the longer term treasuries. think the 10 year, the 30 year, that had been beaten down, because for the moment, they have been giving you much worse yields. the last time the fed truly whipped inflation, you definitely want some long dated bond exposure right here, right now. let's go to keith in pennsylvania. >> hello, mr.. thank you so much for taking my call and i can thank you and your staff enough for all the long hours you put into educating and informing me and my family. >> you are very kind and i forgot to tell you, my staff is working so so hard, so this s really terrific that you mentioned them, i thank you for that. what is going on?

>> recently, i acquired some shares in burlington for $154 a share after seeing the stock had fallen 39% from 239 in february two 143. and fall into what i perceived as a bottom, and i was wondering if i should add to my position and what your outlook is of the company, given the off-price giant is not slated to go to the share of the former bed bath & beyond locations. >> i will tell you, first of all, again, thank you for your kind comments. i think it is good, but i think dj experts is great. i don't want you to add any more, i would rather see you in tjx. but congratulations for making more money than you already have. let's go to trey in texas. >> on sunday, my wife and i were talking about flying to aspen this weekend. yeah, i will make it as far as the airport. heavy losses. weight watchers move up here.

>> yeah, you know what, i am suspicious because they don't make money. and i have been adamant that if you want to do the weight loss, you go with the best and that is trust holding eli lilly. don't mess around, go with the best. now, the charts, as interpreted by carley garner, suggested we could be looking at a tremendous multiyear rally in multiyear treasuries right now. the fed really can get inflation in check. and you definitely do want somewhere return bond exposure. there is much more including my interview with palo alto networks. so, where does palo alto networks meet the changing landscape? let's check in with the ceo. how the heck should you handle that? i am going to give you my take and it is not easy to

understand. of course, rapidfire and tonight's addition of the lightning round. so, stay with cramer. >> [ music ] 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.

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>> [ music ] software giant microsoft announced it is expanding its course cybersecurity offering and it was known as a security service and space, which makes up a huge chunk of the industry. microsoft isn't exactly major player, so i'm curious, they have incredibly deep pockets, they can bundle the stuff with a lot of more popular software. a lot of people got spit. yesterday, other cybersecurity stocks got obliterated.

yesterday, we found out that chinese hackers were able to compromise the microsoft accounts of personnel at the state department and the commerce department, including commerce secretary jim. you think it would be good news for the rest of the group and that is for cyber expansion. what we make of all this? i am not sure. but the chairman of palo alto networks understands this business better than anybody. welcome back to me mad money. >> thank you for having me. >> so, obviously when microsoft makes any sort of announcement that it is moving big into something, people just say, they have got to be able to dominate it. i have got to ask you, what does it mean that they want to move into the secure service adds business that you dominate? >> i think first of all, as you know, you and i have been talking about this for a few years. i think this whole sassy market is going to be very huge. and we have sown the seeds five years ago.

there is a huge validation for the market. thank you very much, microsoft you validated something. from what i've read in the early days, they are dipping their toes into the sassy space, we have been here for a while. clearly, there are other industry players who have been in this space for a while, this is a full sweep of the market. requires having gas being there. from what i read, they're sort of heading off into a good start, but they have a long way to go. >> one of the things that i notice is a lot of people i suspect of some of microsoft's offering insecurity, that there have been companies that have optionally feasted off of microsoft's problems insecurity. why should we presume there going to be best of brief right from the get-go? >> when i worked at google many years ago and i used to try and

sell advertising, you always struggle to build a multi- search platform. and security is somewhat similar. if you have a lot of technology products of your own, you do a really good job of trying to secure them, but you don't do as good of a job of securing everything else. we have always maintained that for us to be the independent security player, to deliberate security against every cloud is important, every other vendor is important, so, we are going to go off and try to create this industry platform which serves each in a consistent way, each network in a consistent way. and i think you will find that every other csp has solutions that work best for them. but it may not work as well for other players. and many of our customers day, most customers a multi-cloud. they should improve their security for their customers. it allows us to build a much better platform than other people to service customers who are more discerning across

multiple paths. >> one of the other things i thought was possible is why would you necessarily have to be opponents? if i were microsoft, i would rather team up with you then go against you. >> in today's world, today, we secure our customers. not only that, we are able to provide you a firewall that spins up and asks if you want a palo alto firewall, which many of our customers do to maintain the consistency -- i think important to understand, jim, while microsoft is entering the sassy market, the world is going towards a multi- enforcement point, zero trust network. we can get hardware firewalls, software firewalls, sassy capability, deliver that across all of the stuff, what our customers are asking for. >> i also have to talk about private companies. jmp wrote a note saying there are multiple sources in the highflying, private cloud security company is doing very

well in the competitive win rate perspective and eating everybody's lunch, and they are taking fuel from you. do we have to worry about someone that is a unicorn that might be out there, doing great things? >> jim, we grew up in silicon valley and silicon valley is all about great startups building great products, trying to compete with large companies. you and i have talked about this, i said we will maintain our innovation edge and maintain our agility. startups validating our strategy, validating markets we are in is helpful. i think the market is moving on. the customers want a consolidated story, they want a platform that delivers and to run security. today, no customer can stitch 40 vendors together, it is very hard, next to impossible. we haven't even talked about our favorite topic of ai. all these capabilities. i think it is great that there are many startups providing solutions in that market will continue to exist, but i think

the market is diving towards consolidation, diving towards collecting more data, and we are the largest security company from a data collection point of view as well. >> all right, so i am not as concerned, thank you very much. now, here is something i am concerned about, nikesh . chinese hackers. janet yellen was just there for four days. the state department, as well as the secretary of commerce, was probably the most involved with what china should be allowed to and not be allowed to, hacked? how do we stop this? >> jim, there is one answer, it is called ai. the way we stop it is by patrolling all the data we get to see, making sure we check for anonymous behavior. when there is anonymous behavior, we have to investigate it and stop it. i think this has gone away from being a human problem. it is a problem that requires us to spend a lot of time. we have been working very hard. the only update i can give you, the interest in ai s even

stronger than i expected in cybersecurity. i just want to say, i continue to be enthusiastic about ai. i continue to maintain all the trends we saw at the end of last quarter persisting. customers want consolidation, they want good security, and the i.t. budgets, while it is always under a microscope, security continues stumbled. >> how about this white house cyber security initiative to secure the full benefits of the safe and secure digital ecosystem for all americans? the white house talked about it today. is that the white house recognizing exactly what you just said, the ai? >> we talked about this with the white house for a long time. they have actually collaborated with many of us in the private to make sure this is consistent with how we see the world. i think what you're seeing is a continued, i would say, awareness, continued focus on the white house to make sure we all understand that supporting national security is not just in the hands of the white house, it is in the hands of

every private company, every agency of the government, every part of the entire infrastructure of this country and we all have to do our part and step up and make sure we are focusing on it, because this is one of the areas where you can disrupt, upend companies and businesses and critical infrastructure without stepping foot on our soil. >> you mentioned artificial intelligence as really the only way to stop these things and you have been talking to me about ai for five years. and i wonder, do people realize that this really is in practice right now and it is not like a lot of the companies who come on here and say, listen, we are beginning to look at ai? >> jim, look, ai has been deployed in security for a while now, and his focus on general ai and chatgpt has the attention of every ceo. it doesn't suffice to say we have been working on ai for a while, hopes to be able to show, look, i can bring incidents, i can improve your

security posture if you let me come in, analyze the data that you has in enterprise, and deliver outcomes based on ai, and start working on and automating a lot of the stuff, so we don't try on concert human intervention, which takes time. >> i feel that you read these things, a story about microsoft, a story about commerce, and you feel pretty lost. but i know you have been true north frost one of the greatest performers in the s&p this year. i want to thank you, chairman and ceo of palo alto networks, nikesh , thank you for coming on the show. >> thank you for having me, jim. >> back after the break. >> coming up, cramer wants to hear from you. your calls on the thunder and lightning round, next. >> [ music ] we never just see the numbers, we see the people. when i first started the company i was excited to empower people of all abilities.

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and generally just more on point. prevagen. at stores everywhere without a prescription. 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. lightning round is

sponsored by td ameritrade. >> [ music ] it is time, lightning round. are you ready? let's start with larry in tennessee. >> yes, i was calling about sm ci. >> you know, i see your sm ci and i rate you with and videotaping it still in the same category and it's a better one. james in florida. >> i'm glad to be on your show, how are you? >> what is shaking with you, partner? >> i was wondering about ftp, fresh del monte, i love the man. >> 3% yield, stable group not working, very hard to gain. pass. satan, go away.

george in massachusetts. >> hi, jim. i am at a company that provides construction and maintenance services to electric utilities, which i believe they are going to need to upgrade the grids. what you think of and why our group. ny rg. >> i don't know that company. i don't know them. i will have to do some homework on that one. interesting, i don't know it. let's go to steve in new york state. >> good evening. a first-time caller, longtime club member, and i wanted to ask you about this under the radar infrastructure. with the relative strength of 98 and growth rate of 38%, if trl sterling international, by or should i wait for the market to take a breather? >> i am going to have to do

more homework on this one, i know i like jacobs, nasdaq, i don't know if trl. man, i've got to tell you, it is pathetic and embarrassing. two stocks that i don't know, it is driving me crazy. can i have some ideas that i like? i don't see the question beforehand, i just got stomped twice and now i feel like a real chomp. let's go to betsy in california. >> i got the recipe to make you feel a whole lot better, jim. you said the other day that people are investing in their homes. do you realize that in a month, our stocks, one of your former favorites, has gone up over $100? >> yes, you know, it is driving me crazy. i was positive, and the seal was negative rh. i was going to the ceo, listen, i am positive. he was saying, i don't know, i'm negative. next thing you know, i am right, he's wrong. 100 points and it is not done. let's go to dave in illinois. >> cramer, my man, 200 million

followers, how are you? >> it's always good to hear from you, i am doing fine, how are you? >> i'm good, today was good in the market for me. >> that's good, i like that, what are you up to? >> this $30 billion company specializes in observability and security software. they delivered strong financial results in quarter one last may, and it reached their customer base. recently, you predicted this company would turn profitable in 2024. jim, please. someone should have bought data job when it was smaller, it is such a good company. topic based monitoring, consider best in show, no one bought it, now it is on its own and it is a good one. that is the conclusion of the lightning round. >> lightning round is sponsored by td ameritrade. td ameritrade, this is anna. hi anna, this position is all over the place, help!

hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. - i got the cabin for three days. it's gonna be sweet! td ameritrade. what? i'm 12 hours short. - have a fun weekend. - ♪ unnecessary action hero! unnecessary. ♪ - was that necessary? - no. neither is a blown weekend. with paycom, employees do their own payroll so you can fix problems before they become problems. - hmm! get paycom and make the unnecessary, unnecessary. - see you down the line.

right now we have more copies in the market than litigation than i've seen in any time in my career. first, there is trying to buy

the videogame maker. federal court smacked on the ftc and gave the high sign to go one. memo to ftc, don't even think about it. they basically said it lacked real rigor in its analysis, didn't understand the law and didn't play fair in their attempt to play fair. horizon from a for $20 billion. if the ftc exists you will see small medium sized stocks flatline typically trade on takeovers, but this ftc is so zealous it's a chilling effect when anyone contemplates a deal, that's assuming they can win enough of these cases in court. the ftc is once again overreached. but it's too hard to make a decision on the stock of verizon , because of the litigation

risk. then there are the forever chemical chait cases for liabilities, they have been spending big bucks to try and settle these things. there are tens of thousands of cases of veterans for faulty hearing devices. it's a nightmare they cannot get out of. man is claiming he got a fatal baby powder that may or may have not obtained asbestos. if the plaintiff loses it could be thousands of cases in court, something that would be fantastic for j&j. one lawsuit by disgruntled shareholders and one by generic

drug makers who want to mimic it, it is the most lucrative franchise. this company is a walking lawsuit. i have to believe at&t and verizon will face lawsuits for their lead-covered cables. the plainest part right now is probably been prospective clients who have been hurt that and why not? that's how it happened with j&j , that was a reuters story that brought huge complaints against j&j. it can remind me of all the pain and suffering you might feel when you own a stock that ends up hospice to roulette. these suits are in some ways and control of the stocks themselves. sure you can buy any stocks just mentioned, but you have to understand part of it will rest on this, on the dice roll.

the dice roll is a court that may come up with a decision you may think is irrational. the only true insight here are the judge and jury, and they are not allowed to trade off of it or talk about it. i would like to say there is a moment somewhere, and i promise to find it for you come on mad money. i'm jim cramer. see you next time. last call starts, now. good thursday, i am contestable you are, in for brian sullivan, tonight. it's lights out for hollywood actors, joining writers on strike. will break the entertainment industry? the lost "tran13 " spacex hits the stratosphere in new evaluation. we have the braking development. plus, the next target for the ftc, chatgpt. and we