people, the meme stock traders, i wouldn't be chasing this carvana. >> by the way, carvana ceo interview with jim cramer coming up at the top of the hour. that does it for us on "fast money. thanks for watching. stay tuned "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. there is always a bull market somewhere and i promise to help you find it. mad money starts now. hey, i am cramer and welcome to mad money. my job is not just to explain but to entertain, to teach, and do it all. call me at 1-800-743-cnbc . now that wall street realizes that we are in a bull market, we

have to ask ourselves, what could up and the juggernaut? i spent a lot of time defending the juggernaut. today my colleague asked me what could derail the market. what would slay the bowl? i spent the whole day trying to figure out a real response and that is what you are going to get. the idea that i'm willing to entertain, the dow gained 109 points and the nasdaq is up .03%. microsoft, apple and adobe are going up on the same news again and again.

this is known as multiple expansion. wall street is willing to pay more for the stocks in a world with lower inflation. they are going up on a changed perception. of course, because it is perception, it can turn on a dime if inflation flares up. some red-hot housing numbers and maybe a pickup in wage inflation as infrastructure jobs hit us next year. that would put an end to the technology stocks. momentum is a two-way street. the second bull slayer, it would convince the fed that they need to raise interest rates aggressively to the point where short-term treasury bills are --. short rates get high enough, they will fall out of the market and they are not that far from being that way.

third, we could be toppled by something i really despise. i happen to despise fraud. when the positive action just gets way too crazy and frantic. the idea is to just throw money at anything related. ai has me concerned. today, apple jumped in the news that they are contemplating generating ai or at least a tool. these are not events that should be -- and that is part of the market. nvidia could crush the entire i move. i don't think it is likely though and that is why we don't

trade it. the fourth bull slayer, and this is all just perspective and putting it in context of what could happen. that is the -- i mean china wanting to invade taiwan. that would be a disaster. the chinese communist party would probably not do this because they run the risk of starting world war iii but, the chances of this happening are higher than they need to be. the prc launched another flyover taiwanese airspace and it is not inconceivable that they could do that. speaking of ukraine, without the right equipment in the west, this will likely turn into a stalemate and that is not what we want. then again, we have to wonder what vladimir putin might d s

do if --. that is something that wall street wants to be worried about. here is hoping that -- ukrainians jets and helicopters from the west. but those do not seem to be in the cards. the six bull slayer, we have a number of ideas. listen to james gorman at morgan stanley and it sounds like he is seeing some green shoots in the equity market. the supply could cause the market to rollover but we are not too far from that. at least in the last few days. there just is not that much stock for sale or we would not be seeing such moves. but cut if the market comes back, that will be a big problem. seventh, would be an recession. we get earnings from all of the

biggest banks. there is not even that much pressure on commercial real estate. it requires all of those things to be happening in the average person has far more cash than they did. there are far more jobs available then there are people. companies in the service industry keep expanding as more and more people are traveling or at least going out. eight, the bulls might go to the slaughterhouse once -- has covered all of the slaughters. carve on a has gone from three dollars up to $55. money managers are just shorting all kinds of stock and a recession is not coming. but -- will finish buying back their stock.

if we have another serious bank run, -- nothing has shown that with silicon valley. finally, they could put the bowl down but maybe there is no turn in web amazon services. maybe apple does not deliver the software. maybe apple does not show growth. maybe a justice to pertinent goes from -- and maybe meta spends too much on their product. we can see some shortfalls in healthcare, especially pharma. it is slightly under the radar. drug companies claim to crush earnings because it would let medicare negotiate lower prices. i don't know how many of these would have to surface to

slaughter the bowl. but there are possibilities. the bottom line, there is still enough money sitting on the sideline that i think this can still have forward momentum. sure something could go wrong but i think we are too early for this to end anytime soon. it does make it hard to conjure up a serious bayer. let's go to max in illinois. >> hey jim. i know you like pepsi but i want to talk about -- dividends. the stock dropped after a recent forecast siding -- but they have been doing pretty well . what are you thinking on general mills? >> i am not worried about those anytime soon. dan in virginia. >> hello jim.

i appreciate you taking my call. i am calling in for my dad who is 90 years young. he is a shareholder of the many and energy. we can't seem to break out of a narrow trading range. we would love to know your thoughts. >> i don't trust dominion. i think something is wrong. i want them to explain to me how they can be paying such a high dividend given the fact that there are so many things that i think are checkered about it. congratulations to your dad for taking it to 90 years ron young. robert in pennsylvania. >> thank you for taking my call jim. >> of course. >> i have realized some gains in artificial intelligence.

and i am looking ahead now for businesses that are implementing ai. i am thinking of a stock. ge healthcare technology. what do you think? >> you know, we have been buying this stock. you will need an mri before you get into any of the alzheimer's programs and that is how they are going to benefit. right now, i do not know them as such but let's find out. thank you for being a member of our investing club. i think the bowl still has forward momentum. it seems like things have settled since the banking crisis. and, carvana announced earnings . interest sharing plans -- and i am learning more. and ahead of the hotly

anticipated barbie movie, we could have an influx for mattel. the mattel ceo will be with us. stay here with cramer. don't miss a second of mad money. followed jim cramer on twitter. send him an email or give us a call. at 1-800-743-cnbc . miss something? check us out online. want more from your vitamins? get more with nature's bounty. from the first-ever triple action sleep supplement... to daily digestive support... to more wellness solutions every day. get more with nature's bounty.

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we know we have gotten some fantastic numbers from the big banks but we are right in the blast radius of a banking

crisis. a tennessee-based regional ban , they were almost acquired for $25 per share but stocks now are at $12. this morning, there was a modest revenue miss. so, what happens next? what is the case for an independent now that we don't like the regional bank stocks? let's go with that brian jordan. he is the chairman and ceo of first horizon. welcome back mr. jordan. >> thank you. it is good to be back. >> brian, i did not expect to see you yet. i thought that you had made a fortune for shareholders. what is it like to basically have to stay and almost start over in an era where something

happened that you had nothing to do with broke down? >> you would have to put me in the camp of extraordinarily surprised that we are doing this again as well. i would say that it was -- it was a huge disappointment for shareholders but on the other hand, our bankers never stopped growing and serving our customer base. when the merger was terminated and we started on what is the next chapter, we went back to doing what we had done the last 159 years and that is to serve our customers and our communities with enthusiasm and passion and that is showing up in the back half of the corridor and the momentum we see going into the third quarter. >> this deal was not stopped. it was stop by regulators. it

was not because of the financials at first horizon. >> that is exactly right. it had nothing to do with first horizon and we made that clear in our press releases. we are disappointed but we understand that sometimes things like that happen and td have the inability to get timely approval. >> are you afraid that some other bank will come along? or do you think that the era of mergers has come and gone? and you need to stay strong and independent? >> i can answer the question two ways. i think we are a more valuable franchise today than we were in february 2022 when we first made that merger agreement. i know the market and the economy has moved since then.

our footprint looks tremendously good. we are going to do what is right in the long term for our shareholders. i think the merger picture is more cloudy today than at any time in my banking career. we were in this merger agreement 14 1/2 months and it terminated as a surprise for us earlier this year. i think the banking industry is now trying to figure out what are the rules of the road? how does mma fit into the regulatory rules. we were getting mixed messages in terms of support of that but we are going to stay focused on serving customers and communities and we will be you build our franchise.

>> one of the things that you did is you built a bank that is in the hottest growth area in the country. give me the tenor of business because you were in the heartland. >> we sure are and i think it was cnbc state rankings that came out last week and we are in three of the top four states and most of our states are in the top 10. we have great growth markets and the economy continues to be very strong. business continues to be good. it is not record years like we saw last year but business continues to be good. people are working hard to hire and recruit. there are people moving into our footprint so we are very optimistic about the part of the country that we have the opportunity to serve and we

think that will serve our shareholders very well. >> now charlie said he had to go over things billed by bill. how is real estate in your three hot markets? >> the commercial real estate markets are still okay. i know people are concerned about refinance activity whether it is later this year or next year. particularly with respect to office. they are concerned about occupancy levels as well. that said we are not seeing significant signs of deterioration in our portfolio. we are seeing a modest level of downgrades. we feel good in our footprint about the ability to see office and other commercial real estates work fairly quickly.

we are not in a state of panic at this point. >> now i have watched you grow this institution and you really have created maybe the finest regional bank in the country. some people will be pretty happy with how they have done for shareholders. what is it like to feel like i am back in action? is it okay for you? >> it is absolutely. and i am excited about it. i have been ceo at first horizon for roughly 15 years and the number of people over the last several months and 15 months, this organization is like a part of my family and i am excited with the group of people like it to work with. there are talented bankers that i get to serve alongside and i am excited to be a part of it. we are all excited about the

opportunity to deliver on the promise of our merger. >> i want to congratulate you on sticking around and doing stuff for you your shareholders. again, what stop this deal has nothing to do with this man. thank you for coming back on the show. >> thank you. mad money will be right back. coming up, car vending machines go up and down but this stock is stuck in the former recently. join us in the fast lane up next.

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vending machines. now, they already had a monster move. but you can never tell how much is a short squeeze and that is part of why they could be sure a 40% today. they beat the numbers on every key line with much higher sales than anticipated. we have been ganging up on this one because, it had an ugly value but, they are expected to make $430 million in the next four years. a lot of new people came into the stock so let's take a closer look.

with ernie garcia. he is the chairman and cofounder of carvana. welcome back. >> thank you. >> there is an interesting pivot that you did. i think people recognize this is a great comeback story but, you kind of got religion about what everybody was saying is that it is not just good to grow 100% every year but it's time to do it. how did you do it? >> first of all, we will take the characterization of greatest comeback of all time all day long. we grew at about 100% each year and things seem to come pretty easy. it was hard along the way but it looked from the outside like things were coming easily. 2022 came in we were position for another year of growth. we were overextended and we had

a lot of work to do to catch back up. i think in the first quarter we had $-360 million of ebit but now we have 155 million in the positive because customers love our model and a lot of people inside of car vona carvana did a lot of work. i think we have a lot more come back in as. >> so tell us why you think this is sustainable. some people think it will go back to its old ways. >> i think what makes something sustainable is the fundamentals. people love buying cars online. they love saving money and they love of process that is simple. we have great people that are working to create the best business model out there. we have made so much progress

over the last several months and we continue to do that from here. the gains we are seeing are sustainable. there were huge gains that are certainly sustainable and will continue to be. >> i know it is a little difficult for laymen to understand that this debt restructure was rather monumental. can you explain what happened here? it was a very start contrast to a lot of other debt deals that we have seen. >> let me give some credit to the lenders that we work with. they came in looking to work with us to find a solution. they realize there was progress in the business and they wanted to do something positive for both of us. i think that was the key that i think made this easier. it was just the progress in the business.

we also did raise that over the last several years to fund our growth in the infrastructure buildout that has allowed us to build this company. we chose of the time to not use our securities and not use collateral to underlie that debt and that gave us an asset that has become really valuable for us. i think that was pretty exciting. >> i know this is not of your doing but i do think you are the most successful at recognizing that a monumental squeeze can be good for a company. it allowed you to do this gigantic equity offering and it sustained you. people bet against two but in a way, it made it so that you could win. >> we are going to try to stay focused on the fundamentals as we can and keep pushing the business forward. there have been some naysayers out there over the last year and that is just the rules of

the road. that is just how it goes. they can be out there and they can have their views and that will motivate us and push us forward. i just say you could to the people inside of car vona dish carvana . >> so, i know that carmax makes good money on low-price loans. can you do the same? >> sure. i think in general we would prefer for car prices to be lower. it is better for -- we had some of our most successful years. we would love for car prices to go lower and we are seeing depreciation in the market. the last few years have been characterized by car prices going up rather than down but i think we are position to make it through any market. >> do you have enough inventory? you are down a lot from her you were. >> we have about 50,000 cars that we own.

if a customer comes to our website, there are tens of thousands of cars they can pick from. that is one of the big advantages of carvana. we have a huge inventory. our fastest delivery was recently done in two hours from a customer that bought on our website. we are always trying to push there and i think we are making a lot of progress. >> so, 35 million shares. are you going to be able to be gentle, so to speak, about the stock that you are offering? i know that games stop was able to do that and no one ever knew that. you think it will be done subtly? >> sure. i think you are referencing the entire size of the atm and that has been a complicated structure. we have decided to raise $350 million which will require a

relatively small subset of that atm and beyond that, that is an asset for the company and that gives us asset value. so we will evaluate that over time. >> it seems like right now it was a sockers but to bet against you. congratulations. >> thank you, jim that is ernie garcia and the stock is trading day to. they were at three in december. congratulations. good to see you. >> thank you. >> mad money will be right back. coming up, is a life of plastic about to make this stock fantastic again? mattel is thinking big. up next.

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the most important movie of the year is coming out. i'm talking about "barbie." barbie belongs to mattel and it is their latest attempt to use hollywood to boost their brand. they are even looking at doing a rock them sock them movie. so what would success even look like? let's talk to the turnaround artist. the chairman and ceo of mattel. welcome back to mad money. >> it is great to be here. >> now you said this was unlike intellectual property company but you said it can manufacture

dreams and they said you just manufacture toys but you did it. how did you know? >> the biggest transformation in our thinking was to realize that people who buy our product are not only consumers but they are fans. once you realize you have an audience, opportunities open up and the barbie movie is exactly that. it is a milestone moment for mattel and it is an exciting moment in history. bringing to the big screen one of the biggest -- of all time. >> you told me you were going for total creativity and you want different people than traditional buyers. >> this is not about making a movie but about creating an iconic cultural moment. we wanted to do something

different, unique, that would stand out. we are very excited by this creation. and the interpretation of the barbie brand. it is a big bold comedy with heart about self-discovery and empowerment. it bringing together fashion, humor, and important cultural moments. >> wall street seems to think this is really the only thing in your arsenal but, i remember you told me there are dozens of possibilities and this is just one of them. >> we have announced 14 other movies in addition to "barbie." we have a great mix of different genres and graphics. in collaboration with some of the most creative people in hollywood >> why do they want to work

with you? >> we empower creators. we would like to become a talent magnet and this is very much a showcase for people. we really want to amplify brands and ring forward our marketing capabilities and create great moments. >> you are not a movie maker from mattel. mattel does very well if the movie does well. but explain to people the economics so they don't think, this is just an afterthought >> it is a strategy that we employed. our currency is in market expertise. we continue to build business with toys and consumer product merchandise as well as digital experiences. this is part of our strategy to expand business and to grow the

business and expand our entertainment offerings and capture the full value. >> so, there is a lot of cool stuff that came up on the website but will it hurt you that there is a writers and actors strike? >> the movie is complete. we are done with that. >> that they are not out there showing it off. >> we have no actors appear in promotions but by and large, the promotional marketing already happened. as you know, it has been very broad with the cultural conversation. you can turn this movie into an cultural event. >> there are people who talk about it being controversial

and there are others that say they are wondering if it will be politically correct. i know that disney is considered to be a woke company but, why ot just to go the simple way? >> this will be welcoming to barbie fans of all audiences and ages. it will welcome people that want to be inspired by one of the most iconic brands in history. the genius of this is that we were able to take a brand about family empowerment and make it relevant to everyone. >> i want people to know that the reason that i think this will succeed is your background. you are not coming from the traditional toy background. these people that you are mentioning are part of your --

and you have asked them to do things because you know them and they trust you. you are not a toy magnate >> this is the fourth company that i have run and we have done a lot of work to improve the toy business. and for this company to be high- performing. we recently reached a strong status. the company, it gives us the ability to continue to grow our business and expand our model i continue to grow in entertainment. >> i think you are a bit too humble. when i came to you, you said the company was going bankrupt. that you found a way to manufacture inexpensively. you are grossing about $300 million per year. >> we went from a loss of $200 million to a positive almost

$800 million of operating income and we continue to grow our business and generate cash and position the company for long- term future growth. >> so why would vin diesel be interested in working for mattel? >> we want to attract the most talented actors in the world because of the strength of our brands. even barbie transcends generations and appeals to all ages. the magic is to attract, work, and empower creative talent and when you do that, magic happens. >> you have done very much to make it so that barbie does not look like barbie did before. she looks like the world and america. how is that going? >> this really represents the world through the eyes of children. we are very proud of what we

are doing as a company and promoting positive messages of diversity, equity, inclusion, and sustainability. we take it very seriously and continue to do that work well we grow our business and do the right thing by our show. >> i like men of their word to make serious promises and accomplish them. stay with us here at ad money. coming up, cramer wants to hear from you . your calls in the lightning round up next. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades

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lightning round is sponsored by td ameritrade. it is time for the lightning round. are you ready? here we go. >> hello, hello. i'm from ohio. >> what is up. >> thank you for taking my call. -- for earnings season. i want to ask about a company that has been left behind in travel stock. what are your thoughts on this? >> i prefer bookings and brian

is putting together amazing numbers. let's go to curry. >> hello. how do you feel about lumen are? >> i feel bad. i think it is trending lower. is go to tad >> first of all, your insights are invaluable. due to recent concerns over medicare reimbursement, the company stock price has taken a hit. do you think shockwave medical will be okay? >> i do recommend ew even more. is good to lucas in minnesota. >> a hello jim!

i am looking at converting from a minivan to a hybrid. >> how about gray brill in colorado? >> hey there from colorado. i am calling about biosciences. >> it is just too outlandish for me. >> let's go to jim in connecticut. >> hey there. how are you? >> i'm doing well. >> i will make it quick. i was doing some research and i came across a stock that caught my interest in the warren buffett portfolio.

>> i think it is smart and i am behind it 100%. >> let's go to ken. speak to me. >> i want to talk to about pfizer. >> they need to start working more with the foundation for migraines. let's go to george in massachusetts. >> first of all, thank you for your suggestions on and by our growth. now i own stock in a utility company in texas that has a dividend yield of less than 3%.

what you think of --? >> how are you constantly stumping me? i am going to put it right down there with the mrg. that is the conclusion of the lightning round! >> the lightning round is sponsored by td ameritrade. start coming up, the daily double has cramer pondering . securities into mad money up next. you ok, man? the internet is telling me a million different ways i should be trading.

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here is your clue. saying:in 2027 by jim cramer to denote a group of investors. >> what is facebook, amazon, --

and google? >> that is correct. >> i like the fact that he won by one dollar. you should know that faang are not just the start of a bunch of tech companies. i felt they control their own destiny. faang had staying power because all of these companies has been able to deliver overtime no matter what . facebook has morphed into meta but that is the least exciting part. meta rolled out reels and that became a major competitive of tiktok. than when the fed started tightening aggressively and

wall street turned, he was the first to cut cost. that is what has driven their recent performance. for years the marketing capitalization dependent upon the success of the latest iphone model and that was it but then apple has a massive products. and it is the envy of the industry. on it but don't traded. amazon just had its best prime day ever. the business just keeps growing. amazon web services are a key driver and that has slowed dramatically but now money managers are starting to believe that this infrastructure business right be troughing. amazon has not invented enough lucrative stuff recently but

when we created faang, it was still hated . how about netflix? they have had an amazing long run. the quarter might cost some investors to take a breather but, that fit netflix is rarely perfect. finally, there is google. this is the toughest one to justify right now because it was late to the cloud business. youtube has been spectacular and they finally started to -- on cost. like everyone else in the acronym they control their own destiny and that makes it worse owning. i have created a bunch of them and the reason i do that is from when i was studying. the best teachers always got you to

remember the most important things by using memorable acronyms because they stick with you. it is a gift that works. i hope it works for you. i' tonight, netflix's password crackdown paying off, but stranger things are incurring because it's apparently not good enough for some investors. mean madness 2.0 left for dead stocks coming back to life. where retail investors get burned again zbl shocking new stats more hype than hope. zbl zblnchs apple prepping its entry into the ai arm'