>> yes. >> back in ec. stephanie, who does a crack job, it's her birthday today. happy birthday. you haven't seen courtney. you know why? she and her husband had a baby on friday. gianna congratulations. >> welcome. >> visteon. vc. >> thank you for watching "fast money." you know what's next. my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a market somewhere. i promise to help you find it. "mad money" starts now. hey! i'm jim cramer. friends, i'm to try to make a little bit of money. my job is not just to entertain, but educate and teach you. call me, 1-800-743-kramer. you never want to be too

liberal about saying, the market is raw, because most of the time, the market is right, with some time to level out, but some markets are more prone to bad calls and others. this market includes days like today with the dow dipping through seven points. gain points, and the nasdaq pulled with 1 5% preliminary textbook case of mr. trevor welnel. lastly, the mass retailer would sharply higher. some magnificent earnings growth though. initially, i think, correctly, walmart stuck around. then the corporate stock fell apart. falling five points, pretty much in a straight line. it was a horrendous closing. i have a lot of experience in retail, medical i know a good quarter when i see one. this wasn't a good quarter. it was a great quarter. walmart give you 14 sends earl is off the $1.70 bases, raising the forecast by 26 as to the midpoint. the interest rates were down

5%, getting a percent decline in the u.s. all that says buy, not sell. but this market's very confused. doesn't seem to know the good from the bad. yes, i get that they made some questionable comments in the calls, but they spent most of the time talking about all the marketshare they had been taking. walmart's got this flywheel of goodie commerce, 24%, advertising e-commerce of 35%. holy cow, are those margins? the price gap between other retailers and walmart remains big. back-to-school, unbelievable.so far, yet the stocks are so awful, i can only call a miscarriage of market justice. it's not just walmart. at this. , i can understand how apple stock keeps falling. i know, 3/4, okay. can we stick with what about the stock ahead of the quarter, which is 90 is mostly -- most likely knew that already? what is wrong? hardly a reason to sell. if anything, i found it encouraging

with the apple new phone with service revenue enough to keep things steady. now, keep things great. apple stock is down 20 points from the high. i think that's insane. stocks have been a loop -- obliterated. no one is the least bit interested in it. holy cow. new iteration of the iphone on the rise. don't forget the mission approach. i think it is going to be terrific but how can the sellers be so obtuse? of course, there's a hand in it too, the 90s, bring everybody by encouraging them to bet on the quarter. that said, when the new phones come out, i think the sellers will look back on this moment and kick themselves for banning one of the greatest companies in history right when to buy. when it is going to make the ge healthcare technologies. this is the ge spin off he medical, like mri machines with huge profit centers for hospitals. there, and will be in tremendous demand next year. why? when doctors are trained to figure out who can get the new alzheimer's drugs, they're going to have to do some studies. will have to get an mri to measure the plaque in your

brain before you get these new drugs. they can give them to everybody. they're too expensive that's tremendous demand for as far as the eye can see, yet the stocks fell 12 points in ge healthcare? i can't justify that decline. so, baltimore today in order to average down. yes, we did. i believe we're great about this one. i just don't think it makes sense. i have to figure the sellers to understand or understand, because maybe, maybe, maybe, they didn't run the american brain foundation deal in spring to guide them. what else? do you remember the knockout numbers that microsoft reported? almost everyone is on the approach, but no, the stocks were hammered so hard, they bought it twice on the way down from the travel trust. you can join the club. this is not sensible. this isn't the usual impression you make it went interest rates goes hyper to me, it is like import pricing at large. microsoft, fantastic figures, and nobody cares. what's real crazy, want to let you in on this., the fact that

meta platforms across the board, giving you a sense of how much money they can make all advertising, figure out work- arounds for apple's privacy rules? i think it is the first of many great quarters, but traders say, it's one and on. let's move on. i say, it's time to circle back and buy some. get the whole quarter for free. that's crazy. if you truly want to see some psychotic price hassle, look no further than palo alto networks, panw. reported last friday, the charismatic ceo told us over and over, and over, and over again, they can only put the earnings on friday evening with a big sales contact going on that weekend, but there was a widespread belief that the quarter had to be terrible. why else would they be put on a friday night? nobody ever puts out good news on friday night. right? is that where news goes to die? but i trusted it. that is why we stuck with palo alto for the trust. i told you, he would deliver another good quarter, and don't say goodbye but i don't talk to

many hedge funds come, but i was overwhelmed with people urging me to come out here and tell you to give up on palo alto. so many that i spoke with such confidence, and melody, but they knew nothing. >> they knew nothing! >> palo alto stocks soared 50% today. the quarter was phenomenal. short-sellers, you had an in amazing buy opportunity, but personal managers can themselves to just want the best ceos i've ever met. then, there's the case of, yes, indeed, i had to mention it. your stock does know when to quit, especially when analysts keep battling each other to see where the prices are. for me, price target gained on the stock is painful. >> the house of pain. >> yeah target boosts are based on any news. it is is the same thing over and over again. how many times can we hear, along with the king, see the stock tick up on the same story? beats the heck out of me. over 36 points ahead of wednesday's quarter, and what is today? sure, it has been cut out of the master earnings breakout, but keep in mind, this company already said, the records for this quarter would be much higher than the industry topper can only be elevated jackson's if he gets all the needs for

the manufacturers. member, they outsourced the actual production. one thing is certain. every point of this stock is put on here based on this report from wednesday, even more problematic there. even bigger in its importance. let's hope we can smash the estimates. otherwise, you might have a walmart on your hands. you know what i might do for nivea? trade it. don't freak out if the stock sells a lot after running off insanely into the quarter. bottom line, we have a tough market with the s&p and nasdaq coming up off losses. but we are very over-sold as of this evening. this market's best buy public am not immediately after the quarter, but when the sellers or buyers come. don't respect revision, respect the moment. better off sticking with your own convictions, and if you're initially wrong, like we were with microsoft on the trust, that's okay. just put more in stocks and companies you believe in. let's start with patricia in florida. patricia? >> hello, mr. cramer, this is

sherry. listen, i've been watching for years. i think you're amazing. >> thank you. >> i have a concentrated system in amazon and apple. i would like to reduce my position with these two stocks and buy adobe. >> i like adobe. i like adobe. i will tell you more, really, the cofounder of adobe, but the he is doing an amazing job. i think you should not take adobe, i think you should let adobe ride. they have got a tremendous, tremendous ai produc comments. can we go to andrew in alabama? andrew! >> jim! >> andrew. >> first, but to say, amazing tomatoes, jim. amazing. >> yes! >> i am tmi.

>> i think it s a ripe, sweet tomato. i don't mind it at all. i would maybe take on a turkey sandwich. mustard and lettuce? maybe some rye. it's good. okay? it's not great. enterprise product partners is better, and i prefer et. et, buy home. all right? all right, this market's best buys, not in the corner, but wendy long-ended sellers or buyers come in. don't respect their vision, respect your own. keep money tight, and just about 85% of the s&p 500 negative for this stupid month? is it time to start picking them on the rubble? i'm sure i'm looking for opportunity, where the is more value and what brands, companies like outback steakhouse. is this the catalyst the restaurant needs to breakout? i will have the latest. last week, all eyes were on palo alto networks. the friday earnings report -- the stocks today, looking at the drama for the friday report. looking at the real deal. numbers, the ceo. so, stay with cramer!

don't miss a second of "mad money." follow @jimcramer . have a question? #madmoney. or, give us a call at 1-800-743- cnbc. head to madmoney.cnbc.com.

i warned you, it was coming up, sure enough, the s&p 500 and nasdaq were down three straight weeks. the beginning of the month, we brought on the legendary mark a man, larry williams, as part of the sharp week. he said, the letter p,., after a negative week. figured we would get there with opportunities if we wait.

unfortunate, we have had more pain in store for us before the selling ends, especially with j howell's speech jacksonville comment friday. last year, that killed us. given how strong the economy has been lately -- oh my god, what be surprised if will also again can truly smash inflation -- but you know what? we have had a pretty harsh decline here. market is very oversold. funny thing about stocks, they get cheaper as they go down. that's why all week, i highlight my favorite names that have come in the most in august. the buying opportunities. 82 names for the s&p 500 down more than 10%. that's for the month. research that was for potential buying opportunities. i will be telling you who to go for the next or the week. i want to start with johnson controls, semiconductor, when resorts, and fan toss. the worst performer in the s&p so far this month, etsy is down 23%.online platform for handcrafted events has been letter-rated. i feel comfortable sticking my

neck out here. we spoke to the ceo august 23rd and says, etsy has an fine, thank you. problem is the stocks are in an uncomfortable place. >> that's not to be a good stock, not cheap enough to be a valued stock. that is a common dilemma. why do i like it then? because etsy did something surprising. even in the pandemic, they retained their active buyers and sellers. in fact, active buyers hit a new record this quarter. merchandise sales, positive in july. most importantly, when all is said and done, i think etsy will be one of the top e- commerce from survivors remaining. it goes steadily and properly into the future profitably. earnings are not unreasonable given the fact that etsy is expected to grow earnings at a 15% clip next year. that's fast. i'm cautiously optimistic on this around the holidays too. all the more reason why i like this. just member, buy gradually. all these august losers could

hold well before they go higher, could go lower though. next up, johnson controls along with other industrial producers that make things like hvac are down. this went fifth team percent for august. sometimes, a lot of this is because wall street is not the johnson reports from august 2nd. the quarter wasn't perfect. certainly wasn't horrible. johnson controls missed revenue rotations, slightly, 9%, 9.9%. big deal! they only matched the earnings expectations. didn't go all the way. meanwhile, for the next quarter, it was a bit light. they also cut their four-you're gaining sales forecast ever so slightly there. now you got all the bad news. 60% pullback in stocks since the quarter? i see companies participating in the construction boom with the rise that we went on that, with $3 expected to grow from each share last year, $3.55 this year to $4 next year? what

more could you want? 15 times extra summer. i think johnson controls, pretty juicy with these numbers. that doesn't just go for this. it reminded me of the talks are highlighted at the top of the show. then there is one old favorite of the show. one semiconductor. this is a terrific one that has been hit hard. the stock is down 15%. wait a second? wall street doesn't like this country selling a lot of chips to the auto and industrial rockets. i think this is absurd, put it simply, semiconductor, at the end of july, with management giving us tremendous guidance for the next quarter. what they sell to the automakers, and everyone is terrified of a possible strike by the uaw. member, september 14th is the dropdead date, hence the selloff. i think this is worth the risk though. what else? many of the stocks that are on the august losers list include

these resource. this is off the trust, down almost 14% to date. this is unbelievable. as best as i can tell, the negativity here is related to concerns about china, which are not illegitimate, given that ynn has two large casinos there that make up business. however, you got to remember, there was almost no activity last year thanks to china's covid policy. guess what? the gaining revenue was up more than 4000% year-to-year. about a week ago, we learned, since the onset of the covid-19 pandemic, maybe the economic woes in the mainland of china will hurt wynn's business, but honestly, how much worse can it get after multiple years of pandemic lockdowns? so far, the numbers show that they are bouncing back. don't forget, china has the same long on money, short on time zeitgeist is everybody else but if anything, they might be even more into

troubled, because of the government's actions are so much more than everybody else's. other than try to get ahead of something that may or may not happen halfway across the world, i prefer to focus on the second-quarter results wynn reported a week and half ago. okay? comfortable revenue -- and by the way, huge earnings piece -- they made $.91 per share. everyone is looking for $.40. wynn beat expectations, mostly by a wide margin . you got to have some faith in that part of the story want to really unravel, but with the stock down so much for the fact that you are now getting the last quarter for free, that is a great entry position. finally, real estate investment trust has been obliterated this month thanks to the rising interest rates, mainly focused on senior living facilities, and medical offices, outpatient facilities, and research properties. i know higher rates will win on

this stock, like hey always do, but i think long-term opportunities here are a mess, because the sign for members of my generation get sent to senior living facilities over the next decade or two. the latest quarter was basically in line, but the stocks have been hammered anyway. this gives you 42% yield. that is okay. i think you used to spend a week buying gradually, all the way down. you could afford to be patient here, as they're paying you to wait. bottom line, we've been cautious. we've been right. we have been patient, and that has been right. sometimes, things get out of control. i think we need to take a look at etsy, johnson controls, semiconductors , and some of these are very good companies. stay tuned. for the rest of the week, you want more of these beaten-down ideas of august. "mad money" is up after the break. coming up, the suite to sit down casual stock ready to boom?

start stacking those onions. "mad money" will be right back. power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley. 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 and stay on top of the market. e*trade from morgan stanley. (fan #1) there ya go! that's what i'm talkin' about! and stay on top of the market. (josh allen) is this your plan to watch the game today? (hero fan) uh, yea. i have to watch my neighbors' nfl sunday ticket. (josh allen) it's not your best plan. but you know what is? myplan from verizon. switch now and they'll give you nfl sunday ticket from youtubetv, on them. (hero fan) this plan is amazing! (josh allen) another amazing plan, backing away from here very slowly. (fan #1) that was josh allen. (fan #2) mmhm. (vo) for a limited time get nfl sunday ticket from youtubetv on us. a $449 value. plus, get a free samsung galaxy z flip5. only on verizon. - [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.

last week, "in the wall street journal" reported that value was very successful for this hedge fund for star board. and 9% in grants. the parent pretty now backs this steakhouse with the unofficial flemings, prime steakhouse and wine bar, and they come interested. there are down 27% before the news broke on the year. jumped another 9% in response to last friday's news like many other restaurant chains benefiting from the consumers' low on money, short on time mentality. that is my own term, i like it. i use it a lot. this is exciting for last fall,

then as the activists stakes with three companies. rex.com, salesforce.com and spunk. they came in near the bottom, with 10 or 11 months ago for innocence, saying, it is up about 80% response, 40%. more important, star board has a tremendous track record with restaurant chains. they made in a nearly a decade ago with a campaign targeting the parent company of all olive garden with a spearheaded campaign at papa jon's too. i would be surprised if this plays out the same way with blooming brands. let's look at what star board has done in the past because i needed to know why we trust this judgment. after it was announced by starboard at 2018, they quickly dialed it up, watching a foxy contest a few months later. this is because the company is trying to sell red lobster without seaweed. the storyboard team produced a

294-page turnaround plan september, 2014, which change anything from the executive corp. adjusts -- jets, and the olive garden breadsticks and the fact that it wasn't salty water before cooking the pasta. hard for italian restaurants. >> they know nothing! >> the case was so successfully that they successfully put down the entire board of directors for darden. the ceo they brought in his darn good. you know what? the nine years since then, darden spent tremendous stocks up nearly 240% since starboard turned things around. reinvest in darden's dividends, which is also in hefty, the total return is close to 354% over the same period. that's nearly double what you and have gone from the s&p 500. starboard took a step back last year, but even if you got out then, you would have had a 60% return vs. 19% from the s&p 500. anyway you slice it, this was a home run.

how about papa jon's turnaround? get this, february, 2019, starboard announced a big steak at a time when papa jon's had taken a serious dramatic hit . the previous summer, the founder and former chairman was forced out. there was a video of him saying a word you just can't say. so, papa jon's was struggling, and they started to look for money. starboard was willing to kick into $1 million with a different situation in darden. they were welcoming them with open arms. jeff smith became the new german per day, maceda, brought in a new ceo. the excellent robin lynch, but on the show. since, papa jon's has been doing a miraculous turnaround. they improved the technology, revamped the menu, embraced third-party delivery platforms, and they brought in shaquille o'neal as a board member and the new face of the brand. by the way, shaquille o'neal is not one the greatest centers f all time, he happens to be a driven businessperson. he's a really smart guy. even when you consider papa jon's had a huge boost in the pandemic, starboard has been remarkable with the stock at $38 before closing the investment. let's do an all-time high of

$149 in 2021. thanks to the post-pandemic selloff, it is still more than doubled and where it was treated when starboard stepped in during a period when the s&p was up just 63%. that's why this blooming brands story screamed on friday when we learned about starboard 's involvement. i think is a case to be made that an actor investor could be useful here. 19% from the last 10 years, which is pitiful compared to 168% on the s&p. that? holy cow. blooming, taking public in 2012, and next out of the gate, has pretty much stalled out entirely. plus, stock trades at a considerable discount with blooming sending off and selling at 3.4% for much cheaper than daniels, darden, texas roadhouse. of course, cheaper for a reason. all those companies expect double-digit earnings next year, while blooming is on track to

have a down year. not good. last quarter, bloom brands technically reported decent earnings, but the bar was very low with the total domestic sales and proven just by .8%, by their domestic growth at .6% for outback steakhouse for the management like and domestic sales that came in lower than expected. here's why the stock doubled 7% the last several days. clearly, something is wrong here. ask not for whom the onion blooms. it blooms for thee. especially you know exactly how they were struggling when they turned the chain around. they have been there, done that. at this four, we don't know what starboard's plan is, taking a hostile approach or if management is eager purposely, number of others like changes for a blooming onion? can the cohl cabral wings be better? is grober strong enough to spit

on its own? we just don't know what starboard's plans are at this. , but i believe you have a plan. i am confident we can but on whatever this company is doing right now. blooming without success before the pandemic, but starboard has a huge reputation. they will get more traction i think. bottom line, while there are plenty of restaurants.are like, i do think it's a bad idea to spend more here on the blooming brands. can you turn things around? don't but against these experts when it comes to the restaurant business. i take their word. landon in texas. landon? >> jim cramer, thank you so much for taking my call. i'm 22 years old. my question is, are you currently in a good position to buy? what i have, as a youngster my age, leaning towards madmoney.cnbc.com that are very similar . >> right. let me tell you, man. this is what i think chipotle, it's kind of a call at law

school, nothing to like. not just another restaurant chain, it's the best restaurant chain. i'm not worried about cava. i'm not worried about any competitors. this stock can stand on its own. tshibola mexican grill, i said, be good in 2000. 2175, and it is a -- >> buy, buy, buy. >> i wouldn't bet against starboard to come to the restaurant business and brands . starboard experts get it. but post-earnings, everyone has been waiting for, the interview at the palo alto networks. last quarter, invest in's had fear, but is that fear still strong for palo alto? we're going to check in with the ceo. extracting, putting up people to work the cutting rates. a host of things people should be watching out for president xi in china. what do i think what the lives, and out of the country? should it be of concern?

i will give you my take so, stay with grandma. -- cramer (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. the citi custom cash℠ card automatically adjusts to earn you more cash back in your top eligible spend category. hi. ♪♪ you don't have to keep tabs on rotating categories... this is the only rotating i care about. ... or activate anything to earn. your cash back automatically adjusts for you. can i get a cucumber water? earn 5% cash back that automatically adjusts to your top eligible spend category, up to $500 spent each billing cycle with the citi custom cash℠ card. i love it... [voice vibrating]

how's the chicken? the prawns are delicious. oh, i have a shellfish allergy. one prawn. very good. did i say chicken wrong? tired of people not listening to what you want? it's truffle season! ah that's okay... never enough truffles. how much are they? it's a lot. oh okay - i'm good, that - it's like a priceless piece of art. enjoy. or when they sell you what they want? yeah. the more we understand you, the better we can help you. that's what u.s. bank is for. huge relief. yeah... ♪ my cpa told me i wouldn't qualify for the erc tax refund, so i called innovation refunds. their team of independent tax attorneys will work with your cpa to determine if your company is eligible. [whip sound] take the first step to see if your small business qualifies.

take the first step to see if here's why you should switch fro to duckduckgo on all your device duckduckgo comes with a built in engine like google, but it's pri and doesn't spy on your searches and duckduckgo lets you browse like chrome, but it blocks cooki and creepy ads that follow you a from google and other companies. and there's no catch. it's free. we make money from ads, but they don't follow you around showing the millions of people taking back their privacy by downloading duckduckgo on all your devices today.

what do we do with palo alto networks? now that the stock has soared 15% today in response to a great quarter friday, even though this is a big move, palo alto is basically back to where it was three weeks ago, when the stock collapsed when they planned to report the results on a friday night. suspicious timing. "mad money, nothing to worry about at all. a great time to buy it? it has caught up a lot. we checked in with the chairman, ceo of palo alto networks. take a look.

first, it is great to see you. i want to know whether you would ever report on a slow friday afternoon again, given the fact that that became what people were talking about, rather than the fact that you continued to distance yourself from the rest of the industry. >> nice to see you as well, jim. look, we will try to do three things. one, we were trying to make sure we get ur earnings out there and give it a full forecast, but wanted to give it a longer-term context, because is also uncertainty in macro. also, we will sing security companies all over the place. we want to make sure people see us as we are, which is different. so, in order to get that done too, we have about 5000 people in vegas who are, right now, getting pumped up to go through the phenomenal fy-54 like they had at fyi-23. we want to know the whole manhole, and honestly, only worked out from the good news friday, so we did it. >> i think it's very important to also -- and you surprised a

few people a few years ago, and is coming to fruition, when you said, i'm going to go platform, buy this, buy that. everyone told you, it wouldn't work. how did you know and persevere? turned out to be the one and only in the space. >> jim, if you don't know cybersecurity, have to spend some time thinking about it, looking around, what are the most admitted sectors and all of technology. and if you talk about the other phenomenal platforms, all those industry segments do not have a platform to start so, somebody decided they needed to intervene with all the abilities that company didn't have to stitch these things together. we have a very simple stick you. we don't customers should have to stitch 30 different solutions to deliver a security outcome. it's not going to be humanly possible. it's going to be competing against bad actors using ai to come after you. so, a platform becomes imperative if you want real-

time solutions. we are very happy, we are in good shoes. we think we are some part of the way there. we have a lot more work to do, but we can see a resonance for what our customers need, and are able to deliver. hopefully, this allows us to distance us from others in the space. >> let's drill down on that. you want a $40 million industrial contract, then won another $40 million retail contract with another partner. one end, the bucket, realize, wait a minute, we can modernize. we can spend the same amount of money, and less money actually, and get better results. this is a highly unusual approach to your industry. >> jim, if you ask every practitioner, the one and they will tell you, their ceo or cio, keep spending more money on cybersecurity. only getting more secure. in fact, let's not get the attacks out, if you look at the amount of activity from bad actors, you can reach a conclusion. listen, i'm spending a lot of

money, not getting a bang for my buck. i'm asking to do is to figure out how to deliver those great security outcomes and try to make sure you do that in some of the cost-contained fashions. so, platform approach also allows you to consolidate, spend across multiple vendors, and when you do that, get better security outcome, possibly spend less or the same, and spend less on resources, because you no longer are maintaining different things, which also requires a lot of human capital. >> this is the first time, even in late august, clorox, hitting very badly. aston water hit for a 7, which is significant when you're doing as bad as st lotter. miserable. these are what you say, bad actors, not win? >> they don't know how it is in august. they work on friday as well. unfortunately, this is going to happen more and more. >> but when i look at it, i think, do companies realize

that they're now having to report this? this is part of the s.e.c.? you can't hide it anymore. >> jim, i read a blog post about this, and i'm very concerned. the s.e.c., rightfully so, is saying, the truth of the matter is that the current time to fix the security event for large companies is four or six days. if you have a report in four days, your time to fix it is 4 to 6 days, there's sort of a gap there. you don't want to be exposed, telling the s.e.c. that you have been breached, haven't fixed it yet. one of the things, which of us want to make sure, is that customers can fix these things much faster, and that's kind of what you saw, the enthusiasm behind our platform is, we did way better than we expected, we're seeing a lot more interest in that, which is the ai-based platform, and also, knowing that will get you the mediation down two hours. so, i think we will see more of that. >> okay. now, last time we spoke, people were very worried about a microsoft entry into the secure access service end.

we heard, look out. microsoft once in, they can quash anyone. do you see this? your salespeople see microsoft at all? >> microsoft, a large part, actually successful. they have a reasonably-size, small-sized security business. again, ssc is a complex, specialized field. we've been working on it for three to four years, bringing our security expertise to it. as you might have noticed, we just become the only single- vendor leader in this quarter. the business we didn't play in three years ago and now nobody but us in the leadership water. so, we're working hard i was told by somebody who looked back at competition, look forward to the customer. look back, you might make the wrong choices in life. we will keep you can forward, focusing on the customer and try to solve the problem. everyone running behind us, they can run as fast as i can. >> speak no looking forward, again, in light of the fact

that you had friday music, because people were so worried about friday and short-term considerations, three-your stable forecast with expanding margins, sustained good, free cash flow, margin. why hold a gun to your head like that? >> jim, it's the conviction in the fact that, if you look back , a few years from now, look back at the topic du jour. hopefully, we hope to prove to everyone out there that we are distancing ourselves from everybody in cybersecurity. we are now a different business. we're not just one to swim and play in the cybersecurity. we are a company that is going to deliver security outcomes to our customer for disconnection is that the product will work fully that we have, that we believe allows us to be bold enough to say, we can go deliver the top-line. initially, we showed 700 basis win over the quarter, just announced, showing 500-based clear, forecasting 500 next year. so, we know how to do this.

it's a matter of getting our heads down, executing, executing well, and most importantly, i think, keeping our customers and employees on the center in this opportunity. >> i know that it's great, that conviction, but you spent a huge amount of time on your call talking about deferred payments, talking about how you can't just look at billing, you know, you have got to look at the remaining -- the many perforce obligations -- and it made me feel like, wait a second, i don't want to have a gdp risk if i buy the stock of palo alto. you just try to say, listen, some guys were stressed, some guys were slowing down, and you had use your balance sheet, which is the other guys, by the way, startups don't have a balance sheet? this is just something you are very confident everyone is going to pay no matter what? >> so, i think it's very important what you just said, jim. you all right. the small guys are not going to have the balance sheets. this gives a a leg for us. more importantly, the. qlkm make with the message, these metrics, the billings, et cetera, this is not a true

indicator of the company's strength in the current market. for 10 years, money was free. people paid you up front, can run a tcb business. now, customers say, you want me to pay you a friend? there has to be some competence for me, the clumping you up front. there's a cost money. all we are saying, listen, guys, don't look at billing to plan say, you can be miss presented, because change in the cost of money. the real metric is rpo. our rpl went 30%, growing close to 30%. that's what i'm trying to say. look, the underlying strength is there. don't get taken from this notion of reported billions, because the same deal could be 3 x or 1 x based on the customers.it is just the base point. >> all right. lasting. i mentioned clorox do you think those companies had cybersecurity? were they just using a homemade version? were they just using a version for more premises? now, you are starting to get quarters that are being wrecked by cybersecurity.

>> jim, you had talked about this on the show for a long time. people have a lot of cybersecurity stock. they lack cybersecurity vendors. they are not integrated. they don't work together. some of them are still older, legacy vendors. so, you're kind of dealing with a very complicated mess of cybersecurity infrastructure, and my only recommendation to every ceo or cio listening is, listen, you need a two or three- year roadmap to try to organize all of that, but down some ort of ai stacked taxi do this in more real-time, because bad actors are going faster used to take 10 days to come in and sort of have drawn time and come and iq. today, they can get in and out in hours. it is important for us to make sure we were ready to deflect the stuff in hours, not days, and that requires the sort of organizational just doesn't mean you necessarily spend more money -- just means expanded smart. >> let's leave it there for solutions on an amazing quarter. certainly, those who felt that you weren't going to deliver, once again, i hope that they invite me to their funeral.

>> jim, made for some very fun reading for the weekend. so -- >> the ceo of palo alto networks, thank you, nikesh arora. coming up, cramer wants to hear from you. your calls in a thunderous lightning round next.

♪ ♪ 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? ♪ ♪

all-day energy starts with clean hydration. lmnt. more electrolytes. zero sugar. you feel the difference when you get it right.

stay salty. ♪ (upbeat music) ♪ ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) -awww. -awww. -awww. -nope. ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. lightning round is sponsored by td ameritrade. it is time to do the lightning round! wait a second. the lightning round is over with that sound.

are you ready? lenny round. let's start with bill. hey, for massachusetts, bill! >> hey, jim. how are you? >> i love it. thank you! jimmy? >> i want to thank you for the video from the palo alto man. i was feeling a. >> we have had some winners. i'm proud we have had some winners. we got some stickers, but more winners. that's what matters. i want to help you. >> thank you. >> i had a question on something from a month ago, six weeks ago, you talked about. >> i reported a loss record, but it's not done going on. i think gary is doing a super job. we want to stay on that one. let's go to brandon in new jersey. brandon? >> hey, jim. >> hi, brandon. >> so, i was wondering, stocks were on tixt? >> i think they're a loser.

they're doing a double job. there's 40 other guys in the same space that are better. let's go to david in south dakota. david? >> hey, jim. >> yet? >> how are you? >> go ahead. >> what is think about the company tutti-frutti, tpc. >> i think those guys are just where you should be by now. i think we will come out of this thing, they have been in a funk. it's a small-cap stock. they're going to get good contract. i think you will do very well with all the federal money. that's a very cool one, interesting call. thank you. we have grace in california. grace? >> hi, mr. cramer. >> grace? >> i have a question about google you say, buy now? >> yes. still buy that. most a good quarter in the stock. i'm going to bless buying that stock.now, then in illinois. dan? >> hey, how's it going, jimbo? thanks for having me on your show. i got a good gem a few months back on rocket labs. >> no, no. we like companies that make money. the company, that is like

sending money up in smoke in space. bill in north carolina. bill? >> hey, jim. first of all, thank you so much for all you do to help us. we really, really appreciate it. >> thank you, bill. >> pleasure. >> and my stock is neo- incorporation. >> no. we're not buying any chinese stocks. i know they are getting subsidized by the government, doing well. look, there's like three that are doing well. i'm not buying it. blessed alibaba is about all i can get behind. i have nikki in ohio. nikki? >> hello, jim >> hi, nikki. >> hi. the first day you took my phone call? >> what is up? >> i called a rally around 28 with a retrace back down to about $20 a share for rivian. i want to know if rivian is that. >> i think "mad money comes on the show, with the big sitcom.

right now, neither here or there, but if i said that with the company, i tell you, i get a better vibe. i need more vibes let's go to the gym in florida. jim? >> jimmy, naples, florida to you, boo-ya. >> thank you. >> my question as a medical , 37% year-to-date, yield of over 16%, and in what what is your show knows me to be leery of these high yields. what do you think? >> what is the stock? >> mpw. >> medical properties? i'm nervous about that one. this is one, if it is too high, it makes me a comfortable. i'm sorry. i wish i had a better read. that yield's too high. i know the ompany. something's not right with that one. let's go to adam in florida. adam? >> what's going on, jim? ateman beautiful miami beach. >> geez, you are so lucky. what's up? >> thanks, jim. jim, making a deposit of hban.

>> i like it. why would you want to go to columbus, ohio, there? but the stock, hban, a great stop. i share your enthusiasm. ladies and gentlemen, that is it for lightning round! lightning round is sponsored by td ameritrade. coming up, cramer shares his strategy for keeping china in check. and it starts with keeping our friends close. next. to duckduckgo on all your device

duckduckgo comes with a built in engine like google, but it's pri and doesn't spy on your searches and duckduckgo lets you browse like chrome, but it blocks cooki and creepy ads that follow you a from google and other companies. and there's no catch. it's free. we make money from ads, but they don't follow you around

showing the millions of people taking back their privacy by downloading duckduckgo on all your devices today.

after years of being told that the chinese government is run by geniuses with incredible foresight, they are now taking a very different look. these days, conventional wisdom says, chinese is run by a communist ruler who doesn't get the idea to take fdr-style action to prop up a boiling economy. resident excited built in that can be done overseas, ideally, for investment to boost employment. right now he's doing none of them. the government is halfheartedly cutting interest rates by infinitesimal amounts. causing huge parts of the economy to fall apart xi is adopting a service to write

attitude for anyone who is stupid enough to invest in them. nevertheless, the chinese, and his party has done this for years, and doesn't bother in the collateral damage will be immense. entrance, she refused to embrace the best shots made by us in germany, for other and threw in the towel people couldn't take it anymore. plus, never had covid anyway.he flew spy balloons when our country is supposed having good faith negotiations? xi's recent leadership has been nothing short of a disaster. maybe, just maybe, he knows something? maybe he's betting against because investors and force homeowners hoping they fail? maybe he seems like he's doing everything in his power to make them fail, and maybe his 20 get free enterprise, maybe the opposite when you read the press releases from the regime. they sound interesting was from the hoover administration. let's member, china sought the authoritarian dictatorship with expansion of business no longer worried about it real investor-

friendly environment. this is a great time to toughen up with it twist from the biden administration. make sure that taiwan semiconductors mix the highest chips for us, not them. stay in the south china scene with a strong navy presence and for their conley with imports to meet their government's needs, and what they did for us. make sure china is more dependent on us and making sure they need to expand the economy. at the same time, we need to join hands with china's number- one adversary in the region, india. they have the added advantage of being a genuine democracy. we need the chinese government to know that they're all alone except for russia, which doesn't have the ability to help anybody at the moment. finally, let's go after china for this, please. they are spending everyone else out on renewables, but china has more coal plants anybody else on earth combined. they are permitting two a week but even if we convert all of our powerplants with nuclear energy, only electrical cars, might not be enough to offset

the climate impact from china's coal plants. let's not forget that president xi is not a little kid, please print the china economy is finally struggling. we will never have a better opportunity to contain their global ambitions. i like to say, as always more. keep it right here right now on last call, new curveballs for the fed, u.s. rights march even higher as china's economic hole gets deeper. the biggest ipo in nearly two years, ship designer arm files to go public. we have the breaking developments