>> i would be a seller too >> it's been a busy week, mel. good thing i'll have your steady hand on the rudder and the till the entire week. >> i'm leaving town. >> what? >> next week on assignment, folks. >> thank for watching "fast money." my mission is imple. to make you money. to level the playing field for all investors. i promise o help you. mad money starts now. >> hey, i am kramer. i am here to educate and teach you. covid started, inflation

cemented it and now it has become a fixture. the unrelenting crunch in online retail. the endless erosion of customers and there is no coming back from many of these chains. the dow has gone up. they cannot find a floor. you can see it. nordstrom, kohl's, target. the endless pressure with the stock at cvs. full locker, best buy. it is causing the collapse of the dollar stores. dollar general is the store you go to when things get tough. covid created a world where people learn something new during the pandemic.

they try costco and they save a huge amount of money. i have seen a dozen tick talks about how much people love shopping there. the treasure hunt from a to z. it is a cooler place than we thought, if this is the first visit. during the pandemic, people may have sampled walmart. they discovered it was not the walmart of old. giant towers of ookies and donuts. aisles that are a turnoff to anybody health-conscious. you find health foods. i kid you not. nothing but natural fruit and veggies that rivals whole foods. you are thinking that you are in a different store entirely. i did not need to call over a

clerk to buy anything. we saw a change in the perception of amazon. they could bring merchandise to their house in the same day. you order in the morning, you get home from work, there it is. of amazon can do same day delivery, you do not have to go to walgreens or cvs. a shoplifting problem at this country. there is no one to help you unlock it. you do not have to carry it home. it seems cumbersome and intrusive. it is the brand version behind the lock and key. let's face it, drugstores in this country aren't set up anything to deter shoplifting. they are not convenient, it is

better to go to your computer or iphone. ordered everything that you need to your doorstep. it is not enough to offset the front. covid bross massive sampling. people are sticking with them. why? this wave of inflation. you are worried that all stores have had to raise their prices. they are fighting over who eats the cost of inflation. they cannot beat the national brands. the largest new retailers. you cannot do business in this country without being in their stores. other than those two, only target might have that type of power. if they don't like the prices they are quoted, they can go make their own and put them side-by-side. walmart usually has the generic

offer. and if you want to see this, go to costco. it is cheaper and better regarded than the premium brands. an ultra premium brand itself. a study on how to make these things better and cheaper. the proven plan for anything if it can save the club members money. only once did it end up with the brand version. everyone else, fair game for kirkland. they have done everything more than everyone else to keep consumer prices low. even at the cost of some of their suppliers. they are fighting inflation and they never came down with the

competition. with gasoline going higher, save money. shop at amazon prime. millions of americans have to repay their student loans again. it makes everyone more value conscious. i kept thinking that there would come a day where we would return to normalcy. the kohl's cash program. closing the gaps. i still like going to target. it is more of a reality. these stocks say that they are in trouble. they are going to hire 38,000 people for the holidays. yielding 5.2%. walgreens has the 8.7% yield and just lost the turnaround ceo. many of you are tempted to think that this is your hance. diving into footlocker for the

investing club. excellent ceo, then the dividend was pulled out. the have-nots and the other halves. there is no comeback for the losers. their stocks are doing better than others. we know it is a bad target. they are not worthless. they are the powerhouse competitors. these stocks are value traps. here's the bottom line. one thing i know, that investing is the way to go. only three general merchants. costco, and amazon. let's go to john in new jersey. >> thanks for all hat you do,

first of all. my question is about johnson & johnson. going on for years holding the stock. i am frustrated in the company and the fact that it has not really benefited them yet. >> the stock did go up initially when they did that, that is the investing part. the problem here is plain and simple. it is the asbestos problem. companies that are being sued if they have anything to do with asbestos. it does not matter, the jury does, not always but often. it is always the way to go. walmart, costco, amazon.

what other companies are following the larger retailers footsteps? is it time to dip your troll back in the water? i'm getting the latest news story direct from the ceo. stay with kramer. follow on twitter. have a question, tweet. send him an email. or give us a call. miss something? miss something? had to mad money at cnbc.com the women's tennis association

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why in the world happened to the stock of adobe last week? adobe dominates the digital media and marketing space. unlike the other cloud software names, artificial intelligence kicker, firefly which helps users to create and edit digital designs using english language prompts. i have worked with the product, it is amazing. speaking with the adobe ceo in march. after adobe reported last thursday night, the stock sold with more than 4% on friday. it made up some of the losses today. it had highs earlier this month. opportunity? a lot of people would look at this action saying that adobe has dropped the blowup ball. i've told you, i cannot find

the ball that dropped. wall street got this one wrong. what happened? let's look at the numbers. sales are up 10%. the visual media business was better than expected. okay, that was the mark. if you look at the adobe digital media reoccurring revenue, the most important metric. 50 million higher than anticipated. that is a lot of money. this is a lot of sales momentum. adobe did great on the earnings front. no gripes there. was there a problem? no. not really. the revenue forecast with new digital media occurring revenue numbers. ar are. that is what we are looking for.

the conference call in the transcript. the earnings and forecast. something with a conference call. this is the one that freak people out. to understand the issue, you have to know what was going on in the company. adobe announced the firefly program back in march. the day before they reported, they said they would be introducing ai powered features. that would justify the upcoming price increment. for the existing cloud subscribers. the stock jumped 2% last wednesday. it already had a full head of steam going into the report. they came in really hot.

you know what, that is a bad setup. we will hear more later in the show. it makes it too hard for these stocks to go higher. that just happens. that happened to all of the greats here. the price increase is coming in november, the revenue forecast and earnings. we got that. they will only impacts the final month of the quarter. when the bears heard about it, they saw it as the admission that this must've been getting worse. they expected the price hikes to make a splash. one more issue, they usually introduce the four-year plans for the following year. and the max user conference that happens every october.

the 2024 forecast with the earnings in december. let's say you are waiting on the update. you will not get it. you will not get the next week or next month. there we go. you have to wait until december. that makes investors bail. they are spooked. there had to be something wrong or you would've gotten the raise in october. they sold these off friday night and i agree. the best explanation i can come up with. i will say, i was a little frustrated. this was the update on the $20 million acquisition a year ago. they really cannot say anything. engaging with regulators. that is what every company says whether they will make it or

not. many of the money managers that i have talked do do not want the figure deal. adobe sold off after a pretty good quarter. the company did not give a perfect forecast. investors are excited about the boost they will get from the ai products and for other existing subscribers. they do not know how big of a boost they will get. that does not make people happy. adobe turned out to be one more company that is using ai and not getting any money on a yet like nvidia is. everyone wants to reap the benefits that ai should give them. they had a strong quarter. i could care less. i think they are doing well. do not be surprised about the forecast. rewarding those who stick with

it. the pullback from adobe is nothing more than a buying opportunity. every single time that the stock has sold off for years now, this is a person you want to bet on. these numbers have gone down, at least the stock numbers. >> coming up, everybody loves a good buyback. these shareholders have a big one. find out who is in play, next.

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special community. for the next two weeks only, i will share a little taste of the work that i do and i will be giving you a sample of what you'll get. there is a lot about how apple is doing in china. it may not be as damaging as we thought. we shared that with the viewers of the morning meeting today at around 10:23. we talked about the long lives of the apple stores in china. you can see where it was trending when we spoke about it. then you see where it closed, nice. i have to tell you, news like this is commonplace for us. exclusive offer for you, move the mad money viewer. go to cnbc.com.

at the meeting happening this thursday at noon. something that stuck with me from the ceo of rh. the stock plummeted and that was a mistake. the reaction and the selloffs were wrong. the fact of rh. it is because they brought back 17% of the shares in just this quarter. 23% of the shares outstanding. you cannot beat that. right? that is one of the best things i've ever heard of. they shrink the share count which is the higher earnings per share. it works. buyback is a tremendous sense

of confidence. i thought it was a lot more than people realize. the long-term trajectory. you would not be retiring so much stock. why would you file the stock back? since then, we have been hunting for companies that have brought back gigantic parts of stock. i have to tell you, first of all, nothing comes close to this one. we do have some impressive share count reductions. so many of them came rolling out after multiple nights this week. that's how important these buybacks are. the 15 largest shares that we purchased. some of them are a lot more attractive than others. i want to take the whole group one by one. this one was a little bit surprising to me. the share count is 16%. the most of any company with the s&p. that program is over.

it is a billion-dollar buyback since last month. this is the 21st century fox that did not get sold to disney. they struggled this year. wall street will no longer give them a pass. to build this streaming platform. fox is a little different. they have their own streaming platform. they have not broken the bank to develop the platform like many people have. they sold the bulk of the business to disney for almost $70 billion. a lot of people feel that disney paid too much. fox stock has been down from the high profile definition lawsuit. the bank gives them the balance sheet that they have. that is a tougher question. the stock is up 4.7% this year.

better than power mount global. they are lagging behind comcast. fox is not my favorite media company. i like growth. stocks are very cheap. a $50 million company. you have my permission. it is really because of the buyback. next up is the group that we will cover together. these showed up on the list of the biggest s&p 500 contributors. you have asked about that many times. within a .4% of the induction. that is nearly a 6% share count. buying back the stock. it is tough to tell how they are going to grow.

as the world is shifting from the combustion engine. they might not need to grow all that much. they are making so much money right now. with very little competition. very little refining capacity coming online. it is hard to add refineries. why? nobody wants to add the s&p on. they can achieve earnings from the largest buybacks that we have seen from phillips 66. you should write these down. the market is really bad. i want you to remember who is buying back the most stock. look at how they are doing despite the rest of the energy sector. it is up over 5%. they are all on double digits for the year.

that is up 34% here today. that is no coincidence. these are all doing better than the oil brother in. these are buybacks. that is the best way to stay invested in the energy complex. if oil prices top out, remember, the fires do great when the price of crude goes down. it never falls as fast as the oil price. the more spread between the two, the more money that the refiners make. the buyback and profits. let me give you one more buyback story. one of the largest custodial banks as well as being the largest issuers of etf besides blackrock and vanguard. a success or failure in any given year. coming back to the acid prices. something that state street does better. state street stock is usually joined at the hip and is better than new york anyway.

this dock is down 80%. the new york stock is down 2%. the key custodial businesses from blackrock share etf. just so you understand, these companies really hammer each other. the one who lost the business tends to go down. you should not buy a stock because it is repurchasing its shares like crazy. it comes from a place of strength or weakness. bed bath and beyond, they bought a ton of stock all the way down. the other business is not as hot. hand over that cash to investors. buying a back from a place of strength. this feels different. they cannot think of anything better to use the money.

they are going to have 4.5% billion dollars this year. i wish i had something to be excited about. here's the bottom line. we will be running a series on the biggest buyback monsters of the s&p 500 like state street and which ones should be giving you a better dividend. it is important that you know that this is a great place to be thinking about when the market sells off. >> jim, this is tom from brooklyn, new york. >> what's going on? me and my wife are both members of your club. we have a question regarding the stock. om semi conductor core. newly this is a remarkable company. they reported fantastic numbers. less and less of the price

mobile for a period they do a lot of industrial internet of things situations there. i will slow the economy. it is not enough like a tech play right now. not all buybacks are created equal. which ones like state street have more money in it. after earnings, the cloud giant has seen the biggest suffrage that they have in the last decade. the september rate decision, i'm thinking, what can we expect? next is the lightning round, stay with cramer. there are some things that go bett

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the pullback from oracle shares. up 58% at the end of august. then the stock punched 3.5%. i thought the quarter was okay. will be talking about the company thursday's club meeting at noon. we got a chance to check in with the ceo of oracle with a rear tv interview from the conference in las vegas. >> hey, feel free to call me safra. we have been meeting quite a bit. >> you are safra from now on.

you are at the cloud world festival. tell me what the buzz is about oracle. doesn't include microsoft or nvidia? tell me what is going on right there. >> there is so much going on. with thousands and thousands of our customers here. many of them are talking about how they use oci, how they are using the ai capabilities and fusion. talking about our special relationship with nvidia, of course, our special relationship with microsoft that larry announced last week. so much exciting stuff, we do not have enough time tonight to talk about it. >> let's talk about what happened on the day when you reported that the stock had its worst day since 2002. yet you and i both know that there was a moment that we were

shocked. there is so much good news. maybe you can refresh people about why that may have been a wrong judgment by the stock market. >> the stock market over a long period of time it ends up being right. at any one moment, it can be completely off. imagine, the business grew over 60%. the cloud business, over 30%. the overall business, over 9%. our earnings, 16%. it's a moment where we were a little bit surprised, we continue to grow and we continue to accelerate in our growth. we know that our hareholders will benefit enormously as we continue to do our job which is to help our customers, do more,

spend less doing it and moved to the cloud. >> you did see that the level of demand is stunning. that's the only word i can use. when i read some research notes, they are talking about limited ai, they don't see a lot of visibility. they are surprised if you have such strong demand, why you are not spending, how do we juggle these two visions? >> we spent a lot last year setting up the base for the cloud. now as we expand, we start filling them up and to spend just as much filling up a center as you did in the initial is amazing. we are feeling up centers around the world with computers. for us, we have so much demand

that we keep looking it. in the first of this quarter, we booked another billion just in ai workloads. we keep winning every single competition against others because our system gets so much newer, we have access to the chips, because it is so much newer, so much faster. in the cloud, time is money. if you can finish your workload, training in ai, were using it for other purposes, if you can do that twice as fast were more than that, you pay half as much. one of the reasons why the startups that compete head up all of the hyperscalers and they are picking us.

we are rolling out and filling those data centers. it costs a lot, we build our own computers, we have everything optimized. >> i know you had to go that route. it is a robust business. you are releasing some big contracts. people keep saying that they spend 28 billion and they got very little on return. >> for us, and opening to bring healthcare which is an enormous market into the 21st century. still the international leader of electronic code records. what we need to do, use all

that data and help hospital systems and countries move all of that data and use ai and actually save lives. making sure that the building codes are correct. and yes, assuming that is true. we will continue to do that. imagine how these things can save lives. that is really where this is going. this market is so enormous, just like we mentioned on the call, we have been chosen for two billion-dollar contracts in just the first few weeks of the quarter. again, billion-dollar contracts to build healthcare into the 21st century.

we have unlimited capabilities in that area. yes, we do not recognize a lot of that revenue out front. over time, that is the big payoff. we do not want to leave it just as it was. we want to modernize it. we are doing that with all of the technology that we have. >> i wish people understood that on the call. a much more sustained way that the analysts described it. tiktok what you are involved in, can be a big win and the analysts do not seem to care. we do not want tiktok to be controlled by the chinese. >> for us, remember, tiktok runs the oracle cloud infrastructure. they chose us after competing us with all of the others.

and the recommendations from other customers of ours. that allows us to run tiktok more profitably if they were in other clouds. they continue to work with the united states government on security and we are available to help on that. >> that is a great piece of business. oracle trades are very reasonably priced. 3 million shares last time for 150 million. you do have the capability to be able to buy far more stock and be as aggressive as you would like. the stock is up this year. is this a good level for oracle to be buying stock? >> i sure think so. as i told you all before, we continue the buybacks. when we get buying opportunities that have opened up in the past week or so, do

not think that we do not put our money where our mouth is. we have significant plans and of course, the board has given us permission. i want to always guard my credit rating which we have plenty of room with. i'm glad we did. the analyst correctly described what you and larry are up to. oracle corporation ceo, thank you for spending time with us. we really appreciate it. >> thanks, jim. >> mad money will be right back. >> next, cramer takes your calls. the sky is the limit. the lightning round, next.

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with james hardie™. it's time for the lightning round. and then the lightning round is over, are you ready? let's go with greg in kansas. greg? >> yes. >> it has gone down seven days in a row. and it's dollar general. >> a lot of people feel like the dollar stores are not great numbers with great value. i have to tell you, that is the

negative piece. let's go to wayne in maryland. thank you so much. a good company, fighting for the long haul. >> that company is going out of fashion. it is really working. it is employment. i can look at the workday, that is too expensive. that is not a place to be. not a place to be. bill in massachusetts? >> i have a phone puglia for you. 86 jobs -- years at a job and i have retired now. i have ptsd. some of the criminality of it

all. >> first it's great that you've been here all these years and we are thankful for your service. this is the first stock that is losing money. we do not recommend stocks that are losing money. mark in new york? >> hey, big fan. back in late 2000 it was over 100. i was wondering if -- >> i will not recommend a stock that does not have a good profitability. the sales analysis, too high. sean in california, sean. >> how are you doing? >> i'm doing good, thank you, sean. >> insider buying from the chairman. >> i am stunned by supergroup

because i feel like it has so many good things going for it. when all said and done, that's what people want. rory. >> hey, jim cramer. i built up a position in a communications company from an interview i saw in march of 2019 on your show. i built a good position in it. i have three times my investment pulled out of it. it is 52 weeks time. are the companies the recently acquired contracts? is that a catalyst for me to allow the communications to

run? >> this is the research on my desk today. i stand by, just like you, andrew in florida, andrew. fantastic, andrew. what can i do for you? >> in a blue ship pharmaceutical, it has not happened to pfizer. there are not any expectations. they do have pretty nice dividends. just hold on the stock and keep taking the cash. >> pfizer yields 5%. i can tell you. they have a lot of option audi. let's go to sean in ohio.

from the university of dayton and the sustainability club. they are a midsize industrial name. >> i do not know them, i will have to do some homework on that one. that is interesting. that concludes the lightning round. suddenly life's feeling a little more automatic. like doors opening wherever i go... [sound of airplane overhead] even the ground is moving for me! y'all seeing this? wild! and i don't even have to activate anything. oooooohhh... automatic sashimi! earn cash back that automatically adjusts to how you spend with the citi custom cash® card. [mind blown explosion noise] (mom) bringing in a new roommate to save money - is that the plan? (dad) well we gotta find some way to save.

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looking at the bulk of the economy, prices have come down in so many areas. this week i'm starting to worry about a problem that could cause the fed to take a more hawkish approach. of course, with oil at $92, we are below the highest from last year. only three things can get oil prices down. more supply from the middle east and russia and the u.s. and less demand from china's failing economy. demand for gasoline has not slowed. they will take every barrel of oil that russia will give them. demand is strong for discounted crude. russia will pump and accept a

lower price trade-off for volume. it is the toughest figure. they have gained it and decided to buy less. it seems like it. for the u.s., oil companies have embraced spending this way. with higher prices, they were talking about higher dividends. the ceo of pioneer said that they had the highest dividend in the s&p 500. the system buyback only at lower levels. oil has come back up. they are not opening the spigot as wide as you would expect. they are not boosting production. higher fuel costs are passed on to consumers. that does not mean they can just eat the cost. they pass it on to you. that's already happening. that's not the only issue. look at detroit. the united auto workers are on strike. only 20% pay increase over four years. a generous cost of living increases.

when wages start banking on inflation it is embedded in the system. a wave of new inflationary contracts. it is bad news on the inflation front. more likely for the federal reserve to lawyer the bill on us. a shocker i did not see a soul pay attention to. consumers recognize that the cost of housing will continue to be higher. despite home prices coming down 11%. if you are serious, no one expects housing prices to keep rising. levels where people are out right afraid. my biggest worry, as long as we have strong employment, consumers cannot pull away from housing. remember, rentals are affecting the cpl well the housing market

isn't. some numbers for housing that are dreadful. going into the meeting, there is a reason for them to be hawkish. especially after the reporter last week. do not get overconfident. people are too complacent and that makes right now on "last call" the uaw strike expands a top auto dealer tells us how they're weathering the impact and what it may mean for the price and availability of your next car. oil is 100 bucks a barrel around the corner? the strange state of housing getting stranger, with implications far beyond the price of your home plus, breaking developments on the scramble to find a missing stealth fighter jet. it's make it mondays we are going