>> one arm, no less. >> sllone. i mean, stallone, tyler. oracle, old tech back to you. >> old tech. all right. thank you for watching "fast money," everybody. you know what's coming up next that would be jim cramer and "mad money," it starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica my job is to entertain, but to educate and teach you, s call me at 1-800-743-cnbc. or tweet me @jimcramer. you see gloom everywhere to the

point where it is undeniable s&p s&p shed points. i wish it weren't the case, just like i wish it doesn't rain every day. i mish i had an umbrella for you. but as a serious gardener, without rain we would have no vegetables and no jar of jim's tomato sauce what do i mean by gloom? it is a way of looking at things that colors them everything in the wrong light. it is kind of like the way that adobe firefly gives you the wrong ad to instagram if you screw it up. artificial intelligence being replaced by artificial stupidity. it is the lighting it is the shading. it is the color. it is the dark let me give you some examples of what i mean by gloom today we learned that ceo bob iger is going to take a chunk of the company's capitol, some $60

billion over 10 years, and he's going to put it in the parks now, in a vacuum, i'd say that's a brilliant idea what is the most lucrative part of disney? the parks. where are there so many lines that they need to build more events and rides the parks. what is the one thing netflix doesn't have the parks. what about the stock not in this market not with the gloom, the shroud disney stock is actually down 3% make no mistake. i think the market has this wrong. i think it is great news as soon as he's confident, it is in much better shape than they realize to the point where they can't afford the one-third of hulu it doesn't already own, especially get strategic partners for football. 55 million people play fantasy i say they hook up with apple and disney and vision pro.

in other words, so espn hooks up with vision pro. and then you get to watch on one screen all of your skill players and then on your other screen, the games you care about but, see, that's way too creative, and this is a gloom market people must think iger is taking the company's capital and throwing it into a disney dumpster and then setting it on fire worse, once the analysts see the stock down really big like it was today, some of them just can't take the pain anymore. that's when they throw in the towel. there is no way they can disagree with the crowd. they aren't up to it i explained to the cnbc investor members at our thursday noon meeting, i don't trust the analysts at least go negative that's what they do. after riding the stock down, this is probably the level where they say, enough $82. line in the sand they got to get out.

that's how it happens. you want gloom okay how about oracle oracle's conference call, the analysts decided the quarter was miserable and the forecast was worse. then the second day, broke ranks and downgraded them like i expect to see from disney analysts tomorrow. oracle stock got barbed until it was able to have a dead bounce last night the ceo came on our air and told us a fantastic story about oracle even the orders for the $28 billion server acquisition took the charge it is point blank positives. you can't go back from the ceo they may be prepping about a bigger buyback she said that the founder whom i have tremendous respect for is working every day on artificial intelligence the biggest thing is they can't put up data centers fast enough to meet all the demand once these data centers are

complete, they have perfect profit margins because they don't require any people all that said because of the gloom, because of that filter, people doubt never mind when these two put their heads together, they will steam roll anyone. and wall street would rather pretend they just don't exist. they don't believe me, i live in fear of missing what they're doing, which is why we're buying oracle right here another example, see starbucks today? it fell from $115 to $95 today the analyst broke the buy ranks and downgraded in an improving market everyone is worried about china sure, i saw long lines at chinese apple stores, but the bears don't care they downgraded because they couldn't take the pain any longer nothing new. just dread of the dread. so why not cut and run on the one hand, it is perfectly

timed. now another analyst will downgrade starbucks, too, because they don't want to get caught holding the bag when china lowers the boom. it is a vicious cycle down, and it is raining way too heavily to stop yet again, i think china is getting horribly priced in because the chinese need companies to hire. if you are opening one every nine hours as starbucks is, they're hiring call me a buyer. next up, let's go there. let's go to the pachyderms in the room and that's the stock of nvidia here is a stock that feels like it has a milestone around its neck that's a mirage. so much rain fall that it's flooded noah's ark here's what happens. we interpret everything based on the gloom. it goes like this. nvidia stock is going wrong because there is something

wrong. we concoct reasons maybe businesses blowed. maybe the decline in business partner arms holding stock is significantly weaker maybe artificial intelligence is all made up or massivelyped. it doesn't matter if this is true because right now nvidia is about the gloom, not the facts the fact is they have the most powerful chips in the world that can allow computers to handle speech processing in the blink of an eye. that hasn't changed. only the perception has. as for me, i refuse to be held hostage by the gloom when a stock i like goes down, whether it be disney or oracle, starbucks or nvidia, that's a buying opportunity maybe not today because the shrouds changed. but i'm not going to take my view from the disgusted and bewildered who panic if you let them, the others, the sellers, the gloomers do your

thinking, you will be selling a weakness instead of buying into it you will be buying the strength instead of letting things go if you let the gloom control here, you will be making a mistake so many others make. you need to realize it is september. it is just a september rain. nothing more is controlling your emotions once we get through the season, things will feel very differently. and the gloom will finally lift. let's go to steven in florida. steven >> caller: jim. >> steven! >> caller: long-time followers, first-time caller. >> excellent >> caller: still a bears fan. >> there you go. >> caller: my question to you, i know you got time constraints. my question to you coca-cola earnings are due out 10/25 do you expect them beat on earnings >> yes, i do. >> caller: and at the current stock price, would you add more shares >> i don't think there is any reason to.

i'll tell you why there is no reason to. as far as i'm concerned, until you know the fed is done or we go into a recession, you can't make up your mind. look at pepsi co they have a 2.84% yield. they're growing faster than coca-cola. it is at $178. i just think it is in what i call no man's land therefore, i can't make a stand. sharon in new york sharon >> caller: hi, jim boo-yeah to you. >> boo-yeah right back. >> caller: yes this is the question my son just graduated from boot camp in fort lauderdale fire department. >> okay. >> caller: he is now on shift, and he is absolutely on a diet because he puts every dollar into draftkings. he has that much faith in that stock. now i want to know what is your long-term outlook? >> i think he should be putting every dollar into an index fund until he has $10,000 in the

index fund i happen to like the stock of draftkings very much they're doing well but in this case, diversification must trump an individual stock, even one that's up as one as i think is so incredibly well run if you let the gloom determine your thinking, you are going to be selling in weeks instead of buying you will be downgrading instead of upgrading or holding them you will be buying the strength when things get better, and that's what i want instacart was an instant success on wall street for its ipo today, why do i think this deal is an important litmus test for the market i will give you my take on the debut. could surprise you then what should we do with this rally and the price of oil i will off the charts to see what the future could hold but why do i think you should still proceed with caution i'm covering stocks with monster buybacks and sharing if they're beneficial or hurtful for your

overall business and whether they're just pain old mistakes stay with cramer don't miss a second of "mad money. follow @jimcramer on twitter tweet cramer #marydtweets. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. every day, businesses everywhere are asking: is it possible? with comcast business... it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere?

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get way more into what you're into when you stream on the xfinity 10g network. the ipo market is back holdings went public with a bang today we saw the same thing from instacart, the online grocery that was -- that orderry and

delivery platform. it is interesting. the price is $30, only for the stock to open at $32 before pulling back to $33 and change at the start if you bought it at the opening price, very good if you got in at the deal. while arm holdings was the first major tech deal of the year, it is a large mature company. it was publicly traded for 18 years before taken private in '16. an extremely high quality desire a lot of ai. instacart is the kind of company, venture capital backed tech company since the ipo market collapsed under its own weight near the end of 2021. you know what? i'm calling this one a disrup tor. last year, the disrupters got disrupted by the federal reserve's relentless rate hikes.

while many rebounded, we didn't know what kind of stock there was for instacart. i will say this company and its team of investment bankers led by goldman sachs are realistic about the market's demand for a story like this one. instacart did a private fundraiser that valued the company at $39 billion when they started marketing their ipo a few years ago, they had a value case of less than $10 billion. talk about a haircut it's a full buzz with some skull and even some flecks of gray matter scraped to the curb, too. the ipo was raised a couple bucks. it came public at the high end but even at the deal price of $30, instacart had a value case of $9.995 billion. $9.95 billion. which is so much lower than the last round a true down round. and that alone gives you important context. of course i'm not complaining. i'm glad it was at a level where

it was enticing. we don't need it done right now. at this point, the book writers, again, goldman sachs, are trying to lure people back from the stock market we have seen it as we always do of the cycle, which is where we are. now it is up substantially and we to ask ourselves, is it worth buying it is not easy if you haven't used instacart, they hooked you up with personal shoppers who pick up what you need from more than 1,400 grocers across the country users spend an average of $317 per month on the platform. they get a small cut of every transaction. and they also have an businessing business where package food companies pay for better placement on the app. how about the numbers? as i told you endlessly over the past 18 months, tech investors have different priorities than they used to in the old days, they only concerned themselves with revenue growth now they want actual profitability. instacart has been following

that same pivot. in the first half of 2023, they were up less than 1% wow! big deceleration grocery's actual value was up 15% last year. now up 4% this year. red flag revenue transactions look a bit better total revenue growth came in at 39% in 2022 before growing at a still healthy 31% of the further first half of the year not bad, thanks to a 34% increase in transaction revenue, mostly coming from their platform even on the most stringent measure of earnings, the company started breaking even last year. $442 million on net income in the first half of this year. i'm giving one of these. finally, after posting negative results for cash flow properties in 2020 and 2021, the company reported positive cash flow from

operating activities last year how about that in the first half of 2023, it was up year of year. so is instacart worth buying here i'm kind of torn they have been very effective about profitability over the past 18 months, which is what i like to see. they prove this to be a profitable concept until recently, that was an open question because so many questions tried and failed to do online grocery delivery. you can argue amazon hasn't been able to nail grocery delivery. apart from the newfound profitability of instacart deserves credit for the market share its accoestablished in the grocery space. 85% of grocers are on their platform on the other hand, clear bear case going here, too for starters, instacart's growth seems to be evaporating before their eyes

the trade-off looks like it's been pretty huge the fact that instacart's order growth has almost disappeared entirely is very discouraging to me we want to see acceleration in order growth or at least gross transaction volume if it can't do that, instacart needs to generate a lot more money from selling ads, which a lot of people are excited about or subscriptions, so it could happen, not a given. at the same time, i'm worried there is window dressing in their profitability. we know they could put up great earnings numbers but right around the ipo but are they sustainable i have no idea there is no way to tell. and then there is a more fundamental for certain. is instacart indispensable to the super market partners? i'm not sure maybe they will build out their own digital ordering system, allowing them to cut instacart out. right now they have a good argument to make, which is that it's platform not only facilitates ordering from

partners, it also brings tons of digital customers to those stores thanks to its user base but that is less than eight million people, and it must grow amazon prime has 200 million subscribers. albertson's has more walmart has 29 million people in walmart plus that makes instacart seem kind of tiny, doesn't it? i thought maybe you could justify these if you value the stock at a modest discount to something like uber or doordash, but these two companies have tremendous growth numbers. if you look at lyft, the worst of the bunch, instacart is worth mid-30s at the most. not a lot of upside. instacart has a good brand name, but it's hard for me to get super excited about it at these levels you can imagine in their 30s wouldn't that be perfect you have my blessing to put them

in a small position here but down 10% to 15% is where i would like to buy it "mad money" is back after the break. coming up, an opportunity may be bubbling in oil but not for long don't miss the geyser when we return since the citi custom cash® card automatically adjusts to earn me more cash back in my top eligible category... suddenly, life's feeling a little more automatic... oooooohhh... automatic sashimi! earn cash back that automatically adjusts to how you spend with the citi custom cash® card.

♪ what do we do with this relentless rally in the price of oil? every time crude takes higher, it weighs on the entire stock market because higher energy prices make it harder for the federal reserve to start its tightening it won't be positive right now if you are a bull on stocks, you are desperate to see this run out of steam. could that be in the cards we're going off the charts with charlie, the brilliant technician, who is the technician of trading because she's our resident commodities expert remember, she called the peak in

crude roughly a year ago when it was last at these levels right before it came back to earth does she think it's going to happen again okay let's take a look at this chart of crude futures with the commitments of traders, the cot report, that's what we're looking at here, it comes out every week and gives us details of holdings of small speculators, large speculators what we care about are the professionals. that's the green light those are actual people putting money to work, betting in that direction. we are witnessing an unusual conundrum unsustainably widespread between industry insiders and the net long future held by money managers according to sentiment index, 70% of those are bullish own crude. when you look at the commitment the traders did, large speclators only have a net position of 300,000 futures

contracts, which is bullish. by comparison, their net loan position was half a million a year ago once you comb the top and peaked in 2017 in recent weeks, these money managers have been doing more buying if that continues, it could be enough to send oil right back to the 100 level, maybe more. what else? check out this chart of the seasonal pattern in west texas crude. 100 points out historically oil tends to be in late october after multiple weeks of seasoned support. if you are hoping for oil to start running now, you might need to wait another month while oil prices are starting to hurt the airlines, travel remains strong even the feddid a slow down, there is plenty of demand for oil. we're not there yet. a third chart. we will zoom in and look at the extremely long-term monthly chart of texas crude when you look at the monthly, while oil prices swooned over this past spring, they held in the low 60s, above the uptrend

line at the same time, we saw a similar down trend line dating back to 2010, which comes in 101. all right? garner suspects it will be a magnet meaning, it could be easy for oil to go from the low 90s to the 100s so everything is pointing to this level okay at the same time, when you check out the relevant strength index, the rsi, which is down here, you can see it pointing higher with plenty around. this is a bullish pattern right there. more evidence garnered that it is not finished going higher however, other than russia's invasion ofukraine, you got to remember the west texas crude hasn't been able to hold over 100 bucks a barrel since fracking became a widespread practice in the united states. there is too much supply sitting in the ground and above $100 producers will start getting aggressive about pumping out of the ground again that's why even though she

expects low to keep rallying here, she expects the rally will be capped around $101, right there. now, she's wrong, we could revisit. it may hit the next trend line at $120. but she thinks it is unlikely for oil to go over $101. you need major geopolitical turmoil coming out of nowhere like when the war in ukraine broke. $101 a barrel is in the cards. we keep coming back to that level, and she keeps saying it is going to happen oil's weakness earlier this year found a voice support. just bottomed, right and we have been bouncing between $75 and $101 she sees that range is the new equilibrium, likely where we would be the whole time if russia hadn't invaded ukraine. around $92 where oil made it

today. there is a sharp down line that could act as a ceiling so you got to look at all these different lines. there is the down trend line okay that could be a ceiling. still, if we get enough strong economic news like stabilized rates or china, she thinks triple digit oil is again very likely you see where she keeps pushing us triple digit oil, not like the peak she called last year. of course, the cure for higher commodity prices is higher commodity prices oil will always be a blue bust industry higher prices give producers a reason to drill. when the new oil hits the market, the price comes back down once oil gets high enough, you will also see demand destruction. and that, it seems to me, to be close to where we are. the rate count comes out on fridays. you can see u.s. producers are reducing their operating rates earlier this year. people find this unbelievable that oil could have such a quick

rand we saw this oil exploded however, crude has finally gotten in a few more rates so far the increase is marginal. you have to watch this number because the more rates that come online, it is important they released data showing oil companies started pumping more oil in the last few weeks. when i looked at the data for last week, it seems like they are pumping a lot more oil they suggest oil could easily make a run for low triple digits around $92 basically everything else she's seeing, she does expect oil to be particularly sticky in fact, turn bearish the moment we hit $101. plus, a month from now, the seasonal pattern turns against crude. there is likely one last leg higher than the oil rally fizzles. i, myself, am concerned about that one leg higher because i think that will cause a lot of chatter about how we're about to go finally right through the

moon because these polls can't take it. all of them will come out of the wood work and say we're going to $150 let's go to adam in texas. >> caller: yes, jim. i'm here. >> tell me what's going on. >> caller: well, i got a lot of money with tll, and i was wondering what your thoughts are on lithium americas or -- >> way too speculative i keep hearing elon musk wants the price of lithium down. by the way, what he wants he gets let's go to mark in wisconsin. >> caller: dr. cramer, thank you for taking my call. >> quite welcome. >> caller: i got a small tanker company for you. they're based in london. they have a strong and robust partnership with enterprise on the houston shipping channel they haul lpg, petroleum gas, ammonia and lithium to carbon capture. ticker is nvgs. >> yes

this is one of the few absolute very few ship companies i recommend. most of them are gunslingers not this one and it's lpg it's not oil i think you do have a good one i think going into the winter, nvgs is a great call and i thank you for bringing it to our viewers' attention they say oil, even though it's been rallying lately, may have one more leg higher. don't freak out. she thinks $101 could be the peak watch more "mad money. could these moves be fluff are these cattle let's take you to the top names with monster buybacks. when you hear super cycle, should you run i'll give you my take. next we have the lightening round, so stay with cramer

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i want to talk to you about buybacks but before i do that, there is something really exciting i want to share with you today. the reason it is so special is because it is just for you, our "mad money" viewers. you always hear me talking about the work i do for the special community that is the cnbc investing club for the next two weeks only, i'm going to share a little taste of the work i do with jeff marks during the day i will give you an example of what i get in our 10:20 a.m. meeting this morning, i told investing club members that one place i'm expecting a big buyback is oracle i spoke with the ceo yesterday so you "mad money" viewers got the firsthand look at how oracle doesn't have to see demand

today i gave club members my takeaway of that interview that's really what i do 10:20. i think the market should have paid more attention to what he said about the possibility of the board going for a buyback. i think it is ignoring it at its own peril. therefore, i think you should join the club, all right and get more inside news just like that. that's why cn bbc is giving youa exclusive offer. so grab your phone, open your camera and point autothe qr code and go to cnbc.com/jimoffer. i hope to see you at the next monthly meeting which happens this week thursday at noon and i think that's a pretty good comment. i have been working on it all work i think you will like it now let's go back to our regularly scheduled program on the buyback monsters now, in an uncertain market, you

need a lot of protection i like to look for concrete things to fall back on, which is why we're running a series on these buyback monsters the companies that have been the largest repurchasers of the stock here today not every stock is worth owning. you need to big down into the fundamentals, too. but it helps to have the company buying stock right alongside you. that's what i expect to happen to oracle. i expect for that to happen soon refiners, some okay ones like fox corp then a lastluster one like state street the buyback monsters didn't work at all it's more important just to steer clear of the bad ones than to identify the good ones. while wall street tends to love all buybacks, a buyback only makes sense if the stock is undervalued. otherwise, they would be better spending that money on virtually anything else. the worst buybacks are the ones

where it seems like management is retiring shares because they can't think of anything better to do. you never want to buy a stock that only has the aggressive buyback going for it and nothing else let me walk you through situations where that was the case let's start with a company called d as in dog, x as in x-ray, c as in charlie this company has retired 10.8% of its share account alone now, dxc is a technology consultant except worse it was 2017 when the enterprise merged its consulting division, not the hp, the consulting division with dxc. since then, the stock has been a serial disappointor. it looks like they might take over by this march, talks had fallen apart. then a week later, charges were

announced against the company. only an $8 million fine, but any kind of accounting irregularities you know i think are a red flag in mid-may, they managed to report a solid quarter and brought in a new chief financial officer, turning the page. at least i thought they committed to a $1 billion purchase program they said that roughly 90% of the share count on its conference call. people got upset about that. unfortunately, dxc reported a little over monthly. they deliver add huge sale and earnings miss with weak guidance for the next quarter >> house of pain. >> and they slashed the four-year forecast by 17% to boot that caused a wholesale abandonment of the stock they were downgraded in response and who can blame them the stock lost to almost 30% of its value. so, sure, dxc spent a lot of money on buybacks.

but then the stock collapsed feels like they are throwing good money in retrospect, it looks insane next up, i will give you two more ill-conceived buybacks in the financial area discover and synchrony it is simple wall street has been terrified of a recession for over a year now, and the bears were wrong every step of the way. the failed recession thesis called people to sell off the lower and consumer credit card plays like discover and synchrony. they were bullish. the market was bearish unfortunately for discover and synchrony are secularly challenged it isn't a great business to begin with, especially when they are disrupted by outlets that want to reinvent the wheel plus, when it comes to more

desirable customers, companies like discover are facing tough competition, which can offer better service and better rewards. now, if i were these two companies, i would think about how to compete in a new world. it doesn't make sense to me when the underlying business isn't anything to write home about however, i will say that discover financial is a heck of a lot worse. in april, discover rolled out a 17% dividend hike and they authorized a new $2.7 billion repurchase program but wall street treated it as a serious sign of confidence, which they should. it seemed very positive. as recession fears dwindled in late spring and early summer, discover mounted a furious rally climbing from low 90s to mid-100 in mid-july. they gave you another ugly set of numbers on top of that, management admitted they misclassified tons of credit card accounts, causing

them to overcharge merchants for more than 15 years it is an error that will cost them well over $300 million to correct. i got to tell you. it's got to kill some customer relations. oh, and discover also announced they could make $7 million it would pause its share amid internal compliance from you the stock just got killed. then in mid-august when the ceo announced its resignation, that's never a good sign whoa it's breathtaking how bad this is now amid all the buybacks this year at substantially higher levels they brought back stock high and had a major, major misstatement. i got to tell you, a misjudgment if you want to call it that and be charitable. but this is the worst of the buybacks that i have seen. it doesn't help that a new round of worries about the health of the consumer, following a bad

retail earning season and the recent rise. student loan repayments are the same, too. that $70 billion out of people's pockets. can't be good for credit card quality. so these stocks are once again totally out of favor in the wall street fashion show, which means they don't care about their buybacks one bit if a company is not doing well, it doesn't matter. here is the bottom line, sorry for the depressing stories there. but they did a large buyback program. it is not a reason to buy a stock. these are not oracle you need positive fundamentals, too, or else you are simply buying stock in a company that ends up being a very bad investment with that out of the way, i'll come back tomorrow with the buyback monsters that i want you thinking about owning. "mad money" is back after the break. coming up, cramer takes your calls. and the sky is the limit it's a fast fire lightening round next

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it is time time for the lightening round. play this sound. and then the lightening round is over are you ready? let's start with greg in texas greg >> caller: boo-yeah, professor cramer. >> boo-yeah, craig. >> caller: thank you for all you do for us. quick question on c3 ai. >> no, no. i see too much hype.

too much fluff do not want you in that stock. bill >> caller: boo-yeah, mr. cramer. >> boo-yeah, bill. >> caller: big eagles fan. incredible this year they're playing great. >> what could i tell you >> caller: i love them >> thank you next call? no let's keep this one. what's going on? >> caller: the partnerships, did you explain some of the advantages over some of the chip makers. >> micron has higher end drams that are better. i think we're troughing. i agree with the hype. one thing i worry about is two firms are now upgraded michael in texas michael? >> caller: hey, jim. good to talk to you. >> good to talk to you, michael. >> caller: i was worried about

the stock of new didn't mont. >> let's go to wily in utah. >> caller: hey thank you for taking my call, mr. cramer. >> you're welcome. >> caller: i have invested in jack henry a while back, jkhy. >> it is a very good company, but i do not want to be in the service bureau business for banks right now. i think that group is challenged we saw some jack henry people at salesforce, but i don't want to buy the stock. let's go to paulina. >> caller: hey, jim. you and i share confidence in the ceo of biohaven. it was the only migraine medication that worked for me. i have had the stock for a year. and the stock has been puttering in the $18 range, $19 range. how do you see it performing >> you and i agree that it is terrific pfizer owns that he did miss in his last test

now you are in speculative no man's land i think that if you want to be willing to risk pretty much everything, i'm in favor of it but you have to understand that's how dicey it is barbara in california. barbara? >> caller: hi. how are you? >> i am good, barbara. how are you? >> caller: yeah. thank you for taking my call. >> of course how can i help. >> caller: go eagles. >> go birds. wow. >> caller: yeah. my son thinks they will win the super bowl. >> all right i'm with your son. sounds like a smart guy. he has sense, clearly. how can i help >> caller: yeah. i have had sempra energy for years. the stock was cut in half and also the dividend was. is that favorable or unfavorable? >> that's not -- sempra is doing incredibly well. the split, it was not anything

wrong with sempra. i just think, if anything, i would like to buy more i think jeff martin is doing a fantastic job. it is a really interesting situation. i have been talking it over with jeff marks for the club. we just have not yet decided to go that far. kevin in illinois. kevin? >> caller: hi, jim thank you for taking my call. >> oh, you're welcome. >> caller: i'm a happy club member you give all the sound advice and maybe some big money stuff. >> we're trying to educate as best as we can what's up in. >> caller: yes gtls chart industries. >> i think it is a terrific infrastructure play. it used to be a huge position about 15 years ago it kind of did nothing, but it's got a lot of analyst coverage right now. i think it is doing well it is highly valued, but i think it has a big book of business. and that ladies and gentlemen, is the conclusion of the lightening round coming up, nothing runs amuck like a super cycle

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♪ >> beware of the supercycle. any time you hear this phrase, it usually leads to heart ache and disappoint the company saw incredible demand for farm equipment. but now that blockbuster period sending with business returning back to normal that means it will likely not be made because of the agriculture fizzle here. but, hey, you know what, pretty typical downgrade. the stock was up 345 in the end of may went to 400. nice but before we shrug our shoulders, we have to remember one fact many bulls thought we were in a feed the world agricultural super cycle, one that would lead to higher prices per stocks, thanks in part to the world's food production going youf line

because of the war in ukraine. when you hear supercycle, i need you to do this i need you to think no cycle nothing. nothing special at all if you are dealing with a boom and bust industry, no talk can level things out it will just stay the same as it's always been europe, brazil and the united states seems to be peeking out while some lines remain strong, the dow turns on the sale. no supercycle. yes. this decline tells me one thing. the supercycle isn't worth a warm bucket of spit. you need to sell stocks when you first heard that rhetoric. this is not the first time we have seen a supercycle meltdown. when the base was plum with new fracking techniques, you needed fracking sand to make it work. at the time, three companies dominated that industry. the analysts started talking about how we had a fracking sand

supercycle it was tremendous demand but what happened? traded at 71 and change back at the height of the supercycle six years later, chapter 11 bankruptcy but it traded as high as 156 before it had to file for bankruptcy they represented the company these companies made there was enough to go around. then sand is not that bad. come on. the bigger bust of all, though, was the coal supercycle or the lack of capacity as far as the eye could see meant you could buy these stocks at any prices or put them away we had cole and energy these stocks were touted as the way to play china, where they were building an endless supply of coal plants ten years after i heard about the coal supercycle, all three went bankrupt. you know what? i think the supercycle term should be retired because it is

a kiss of death. these were all in the end some form of comedy subject to the any vagary cycle beware when you hear the word. it never leads up to the hype. right now on "last call. high voltage president biden's ev push feeling the squeeze as the uaw threatens to expand its strike line them up after instacart's public splash another tech ipo preparing its debut. just out on cnbc.com an explosive op ed the government's push to possibly break up amazon could be a good thing. call it fakes on a plane the wild and scary story about how bogus parts for a mysterious company may end up on your plane's engines. hope for those most in need? elon musk'