there are dividend payments, yesterday. >> same. same final trade as yesterday, meta. >> apple short into earnings if it's good, it will give back. if it's bad, it could be a at e enlathsce . >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. they have -- mad money starts now. >> hi, i'm kramer. welcome to bad money. i'm trying to make a little money. my job is not just entertaining but teaching. these days are just brutal, aren't they? dow plunging seven points, snp falling, a bright star if you

are taking a battering. this market can set whole sectors and polarizing them. today's healthcare. the french company cut its forecast and boosted its spending plan. those are called kisses of death. the pin action from that, drug down the entire group. the negative forecast from bristol mile didn't help either. these used to be safety hiding places with high keep you. with: trembling. at this rate is so high the dividends have become meaningless. many other pipelines seem to be running dry. the cover is bear. big pharma is just a nightmare. just as we have been rolling bull markets in the old days, what we find out where marauding bear markets but that's what happens when rates go up. we have now got all over the place stocks falling apart.

that's what i felt all day. were falling apart. the drugs, the oils, after chevron plummeted 10 points, chemicals failing to deliver the goods, they too used to be brought by the yields. at least until the fed starts cutting rates. tech got a reprieve thanks to the glorious numbers from amazon. on the magnificence of a skill of upgrading amazon from james colburn to -- if you know what that is watch the movie. oils, drugs, at the nightmare out there today. just a nightmare. will next week bring more bear markets, more sign creatures? we have a big slate of earnings coming. let me start with the most important event of the week. that's the federal reserve meeting on wednesday. i think howell has some ammo. the house is rolling over. the consumers were saying jobs

were strong we have that for .9 gdp number. that is way, way too hot. don't look for the fed to be your friend. just hope it isn't your enemy. we will find the answer at 2:00 p.m. let's talk about earnings. with mcdonald's, where my wife went today and had a double cheeseburger. for years i presumed mcdonald's would almost always get the benefit of the doubt if reports are good earnings. but now it's up in the air because the market is so hostile with bonds. with its 2.6 dividend yield and higher than average mobile feels like it's not such a sure thing. what they get a question about no anti-obesity drugs. could get ugly. tuesday is caterpillars turn to play the hunger games. will put up a finite number. that said, cat is a very visible soft landing strip, one that might get clubbed if interest rates spike.

at the tell members of the investing club, maybe you should wait. some of the best buys are in the day after selloff as we saw when we told you to buy meta once it got just knocked to smithereens. next there is -- which got clocked today because it's a drug spot. is a 2.6 yield which means nothing. the fact that they bought horizon therapeutics seems to have no impact. however amgen has an anticancer franchise and they just got a rare disease portfolio from horizon. you have a company with 10% growth, sorry, i like it. will have eaten. i want to see if they can distance itself from the nominal solar like and phase. and lead to substantial order reductions what a disaster. intel reported a surprise and the stock jumped 9%.

amd had a surprising report. with the expectations now rising it may not be as bountiful as we hope. if there is anything wrong with amd it can trigger another big round of selling. i think it will do a good job but until i have low expectations wednesday the fed got results for cvs. i wish i had an hour have this dissertation in my head that i said to josh as we were watching the building. amazon painted a picture of drugstore industry under siege. ever since amazon got into the same day delivery from that consumables you can see at a pharmacy, cvs has been having existential crisis/nightmare. same with walgreens. and certainly within right aid. too many drugstore staples can be bought online and delivered when you come home from work. why bother going to cvs in person especially when all the good stuff is under lock and

key and you can find anyone to unlock the plexiglas cage. you press the button and no one comes. today at lunch we had chipotle. i'm switching topics. how about that huge young brand when it reports on wednesday. this is going to be interesting. you know why? i think the parent of kfc taco bell and pizza hut has continued to deliver but the stock is expect at 20 times. if it doesn't blow out the numbers i think the stock is going to get hammered. add to the close we hear from the paypal, airbnb roku at the. only roku with the numbers pick up your the same score this time because those days the companies are bowed viewed as commodities. actually they are. some of them like paypal have been commoditized by increased competition but others like ansi are one-of-a-kind. no one is using -- anymore. thursday is the most important business day of the week, some say the year, as we get the results from the best-

performing drug company in the world, eli lilly, and the largest company on earth, apple we own both of chapel trust and i have no illusions of this stuckert munter and i think alongside with goby which is a preferable. i think it's going to -- i don't know maybe even this week, it could get approved. you shouldn't sell the stock if it isn't because i think it will be. either way, i truly believe this drug could be the biggest selling drug of all time. which is why we still hold onto some of our -- for the trust. apple, what can i say? you don't need a weatherman. i know all the holes in the store. no real growth to the iphone. uighur chinese sales, no catalyst, who cares? all these worry the stock decline.

as i say, own apple, don't traded. but accepted that it has often had tons of bad publicity around his quarterly report and has fallen 10% within a few days. starbucks, another -- 7 a.m. after they do that, the company will hold an analyst meeting to lay out its strategy. i think the relatively new ceo will stress that they simply don't have enough starbucks locations anywhere around the globe, especially in china and in the u.s. i bet wall street loves to do. on friday would get results from a company that i have said after we have to take over pioneer is eog resources. which remains among the best independent of all. my favorite is volterra. i thought there would be more competition but judging by the way they traded, i wonder if it

isn't more of a more premium going forward. they deserve it. this is the bottom line, i don't mean to be cynical but unless we get some relief from this market which is totally out of control, unless it goes were has to go as we used to like to say, everything i just described is just a trade. unfortunately, unlike many on wall street who have been wron , i think treasury yields still have a long way to go. before they get to where they have to the. let's go to randy in arizona. randy? >> hey, jim, i'm calling from the home of the nationally championed arizona diamondbacks. i'm building a dividend portfolio and want to know your thoughts on as a dividend stock and you have a defensive dividend stock which you can recommend to everyone. i don't care about food stocks on yield basis because there is too many open ended questions. >> i do believe in the oil and

gas companies like one oak at 5.8. i think it is still good. or in et, which is energy transfer partners which yields 9.5% or epd which is enterprise partners which is really good and we are seeing 7.2%. those are all superior to conagra when it comes to you. let's go to joe in florida. >> i'm calling from sarasota. >> i love sour soda. what's up? i want to thank you from for educating the average person. i understand the markets in the simplified format and helping us all make money. >> thank you, that is why i still do this job. that is the only reason i do this job because if you talk to my wife she says why do you do this? was going on? >> i love it. my son jeffrey and myself it's the middle of 2020 have a large

position. i like what they have been doing so my question is, can we continue to go long or is it time to take them off? >> no. jeff marks my portfolio manager for the trust we were looking and at one point we were tended to get back in. please do not sell halliburton. that's where the great growth stores are in this era. >> jim, thank you for taking my call and everything you do for the home gamers. i wanted to get your thoughts after earnings on ibm as a candidate for a core holding on a more considerate play on ai with a good yields. >> i thought the quarter was a very good. i went over it a couple of times because there is so much to read. in part because they bought a company called red hat and they have what's known as a hybrid strategy for the cloud. it really read well. they are doing some terrific

advising it's like an extension with a nice yield. i agree with you. we have a lot of good sauce stocks we just mentioned. unless we get some relief from the bond market everything is just a trade. treasury yields still, i think have a long way to go. i'm getting a look at the housing plan to see if this foundation does have a good yields. government spikes with lumbar giant warehouser plus after the busiest week of the season we are going to play am i diversified? i'm turning in my homework and turning because you know you stumped me with some real good stocks. so, stay with kramer. >> don't miss a second of mad money. follow at jim cramer on twitter. have a question, tweet cramer #tweets. sent him an email at med money.cnbc.com or give us a call at one 807 43 cnbc. missed

something, it had to med money .cnbc.com. don't waste your t ying to. that's what vector vest is for. our market timing indicators let you know when to buy and sell so you can ride the rallies and avoid downturns. vector vest's powerful tools give you the foresight you need to buy low and sell high. and while everyone else is looking at the hot stock of the day, vector vest digs deep to find the real moneymakers, the ones you can win big with. timing is everything, so make the smart investing choice today and head to vectorvest.com for your risk free trial. - [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. c'mon, we're right there. c'mon baby. it's the only we need. go, go, go, go! ah! touchdown baby! -touchdown! are your neighbors watching the same game? yeah, my 5g home internet delays the game a bit. but you get used to it. try these. they're noise cancelling earmuffs. i stole them from an airport. it's always something with you, man. great! solid! -greek salad?

exactly! don't delay the game with verizon or t-mobile 5g home internet. catch it on the xfinity 10g network.

every night i take your calls because teaching you how to invent invest is meaningless unless i answer the questions relevant to you. sometimes i get stumped and i promise to circle back and do more research. i work through some of that homework and you deserve better. on july 17th john in florida asked me about relics a london based professional information services company. they do information based analytics to help their customers make better this decisions. data solutions, research software and all sorts of electronic legal represents for governmental organizations. agencies, law schools, law

firms. you might know the last is lexis-nexis. when the company reported its numbers and had a strong forecast for the legal business. we had a sense of how much relx stands to benefit from a i. these guys have repositories of data and it has become more valuable and learning models need to be fed data in both as part of the training process. you are going to hear a lot about that. is part of what nvidia does. it has lexis plus which is starting to get traction with lawyers but i don't know how meaningful this might be for the business but i think it's one of the main reasons why the stock is up nearly 23%. has a good business model unlike the vast majority of stocks, it is less than two point away from its 52 week high. it has barely pulled back at all . what a solid stock that is. it sells for about 24.5 its earnings per but it's less

expensive than thompson and i don't think it's nearly as good. generative ai buzz is responsible for the enthusiasm. i like that it has a robust core business that has only be enhanced by a i. however, given how much relx has run in an ugly market, i am worried about paying up for this one even with the stock trading at under earnings. in the end i think relx has a good story but i'm wary of chasing winners and surviving. maybe wait for some pullback and do some buying. they have them. on september 18th, sean in ohio called about atcore and it is an illinois based company. that's a part of construction that i like. think of donuts for electrical

power, mechanical pipes, security and cable. all of these are essential for construction. the number one or two player and most of their end markets but all of the infrastructure. we covered this in august of last year as a homeward. i want you to take it slow because the stock could struggle thank you to the federate hikes. it spent the next are getting pummeled along with the averages but then we got that marketwide bottom last fall and since then it has been on fire. it was trading at $88 and then it pulled back to 70 in september. at the hundred and $65 at a tie less than three months ago. has pulled down to 123. keep in mind atcore serves nonresidential market. whenever recession fears pop up of the stock gets obliterated when people are worded the fed will have to lay waste to the economy to be inflation, this

thing burns really ugly. about the fine metals? the i.r.a. has a so much money from making buildings more energy efficient. will get some of that business because they make all the conduits. transport reported in august, they had a nice earnings beat well raising their earnings forecasts. the stock is up a .5% for the year but is 04 7.7 times earnings. like many other cyclicals, wall street doesn't seem to believe they can make the numbers. was all that was nucor. you don't want exposure in construction if you think we're headed for a severe downturn. but if you think the fed can have a soft landing, on this one right here. on october 3rd sandy in my home state wanted to know about opera limited. it's pretty obscure if you ask me. have a range of products from computers and mobile browsers like opera giving portals and

opera news, not oprah. some of you use microsoft or maybe google chrome to access the internet. hundreds of millions of people in other parts of the world use opera. these guys created one of the first web browsers back in 9096 and they have all sorts of ways to tailored to different users. kind of like other companies, it makes its money off advertising, especially such as. they partner with open ai and use generative ai to make their search partner more like a question and answer service. opera is aiming to expand into the west which currently accounts for less than 50% of the user base. yesterday morning it pulled a strong quarter. the earnings per share more than doubling year-over-year. of the same time there gx giving platform from average whenever for user growth by 24% meaning they are doing an incredible job at monetization. the stock could jump 10% yesterday. that you wish you had that one?

opera stock has been on a tear in the past few months as i mentioned. the stock has doubled year-to- date plus they paid their first ever semi annual dividend of $.40 per share. 6.7% yield. dividends don't offer much of a cushion in an environment where you can get 5% from bonds but operas 6.7% yield, that could be a different thing. i give them credit for putting up a solid quarter. if you want exposure, i would rather stick with the tried-and- true alphabet especially now that the stock has pulled back dramatically. they bungled telling and otherwise good story. if i had been on that, i would have that stock knocked down 1015. i would much rather go bottom fishing then try to chase stocks that are currently roaring. i.t. is too hard to market to do any other way. our viewers are so darn smart. what great ideas. we will be back after the

break. >> survive the unknowns. thrive in any market. cramer invites you to the game of games. play mi diversified? next [ clock ticking ] we're going to have so much fun. (adventurous music) ♪ ♪

♪ be ready for any market with a liquid etf. get in and out with dia. in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses with a liquid etf. move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well.

we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security. chip? at&t business. ♪ (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.

we are in the middle of earnings season for some of the biggest influential companies giving us market moving information every single day. it seems pretty easy to get overwhelmed by earnings reports, ups and downs, unless you know what you own and that is why we are playing am i diversified? is when you call me and tell me your top five. i will tell you if it is diversified or not enough. let's take some calls. why don't we start with mary in idaho. mary? >> happy tgif jim. amen, mary. >> you are welcome.

i'm a new club member and i appreciate all you do. i have a small portfolio and i will give you my five stocks and you can give me suggestions if i need to change things and answer the question of am i diversified. amazon, apple, exxon, nvidia and ford. >> thank you for those kind comments. we do have to mix things up a little bit. these are very tough because we had a disappointment last night with ford. we are keeping it but we are very much on about it because we did not think that the issues were addressed but it is an auto company. i have no feel for this quarter, i never view the kind of stuff. do they have the best products in the world, best management and i wish the conclusion that the customer is always right. best company in the world, don't cover the stock that

takes care of itself nvidia is similar but here's the problem. they are both in technology. i want to keep above but i want to make it clear, amazon distinguished itself last night as a retailer and then amazon web service company. exxon had an okay quarter, not great, not bad but oil, auto, retail and then you have two technology companies. this is a cloud and this is consumer tech. i'm going to allow that but understand that i have all of these for the travel trust because trust is much bigger and not concentrated in tech about thank you for the kind words. let's go to bob in florida. bob? >> thank you for taking my call. i'm happy to be a member of the club. >> we are working hard. we are trying to crush it. how can i help you? >> am i diversified? i have nvidia , tesla, mcardle

libre, eli lilly and service now. >> interesting. service now, we had them on yesterday. second-best -- equal to microsoft. nvidia we know that is high multiple. don't expect it to round on the quarter. this is for -- this is artificial intelligence and this is going to be automation. tesla we know is getting hammered but it is electric but also electric technology which is what you can still only. mcardle libre is the ebay of latin america. and that eli lilly reports next week and we know that is gop and has a great diabetes franchise and it will have an amazing anti-altheimer franchise , drug, auction, auto, automation and ai. it's different enough.

someone who is really tough may say, you're going to let nvidia service now be the same person? i'm willing to say yes because they are trading in different markets. let's take a call from david in north carolina. >> hey, jim. talking to you again. >> thank you for calling. >> my oil had tremendous seasons. maybe next year we will repeat the 1983. >> wouldn't that be fantastic? that's part of the problem that i remember the series. absolutely. i thought you would go all the way but they couldn't pull it off. it's hard to get into that world series. >> living outside charlotte, north carolina, the following five companies have operations in this area. dealerships --.

--. they have got amusement parks. this time of year it's called scare lens. halloween scares. i'm going there this evening. >> i hope you have a good time. >> thank you. bank of america, industrial company honeywell and gas and electric utilities duke energy. >> you know your stuff. you know your stuff and i like that. let's take a hard look. sonic, yes terrific auto retailer. cedar fair, i like amusement parks. bank of america, yes, nationsbank north carolina.

the stock is starting to look attractive. honeywell put up a really good quarter. aerospace hvac, chemicals and intelligence, automation for the warehouse. and then duke energy which is one of my -- it's a decent utility. i'm not crazy about it right now. let's call it aerospace because that's primary. bank, entertainment, auto, that is the first -- even though it's all north carolina operations that is the most diversified so far. we will go to florida. >> i am from the state in florida. i have five stocks. alphabet, brookshire, tesla and then nvidia. >> all right. we are starting to et nitty- gritty because now we have too many. i'm willing to accept apple as

a personal technology plate the best there is. i'm willing to accept nvidia. it's hard for me to divorce them . i will/alphabet. i didn't like the conference call. we are struggling with it for the trust. we struggled with ford. we struggled with alphabet, some are good and bad. that's what happens when you own chapel trust or run a portfolio but you always see portfolio managers everything is great and i despise that. we don't play that game. berkshire hathaway, great diversified company, bought by warren buffett. tesla, we know that is elon's electric car diversified company. personal technology , -- i don't know. i'm trying to figure out how best to put that because i have to come up with some better way to say tech otherwise have to get rid of nvidia. take out alphabet put the light lily and and i will feel much better. thank you to the players mad money is back after the break. after posting on your miss, can

this stock a good story for investors? or is it time for home gamers to shout timber? find out next. icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot.

meet gold bond daily healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers & 3 vitamins. and... new gold bond healing sensitive. clinically shown to heal & moisturize dry, sensitive skin. gold bond. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do.

indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today.

the real estate investment trust among the world's largest private ownership temple inspect making them the top suppliers and wood products. those numbers are only in line with --. during by temporary harvest restrictions so they would have wildfire risk. that some, some lumber prices coming out of the third quarter

which i believe is why the stock got a little dig. wall street is not optimistic because they have so much exposure to housing and construction, which is not what money managers want to bet on when interest rates are soaring. this other story, they are working on climate issues including a forest carbon credit product that got approved next month. carbon capture is right up their alley. there is so much going on here. we have got to hear how they are trying to shrink other companies carbon footprint. let's check in with devon's office. he is a resident ceo. we will learn more about what is going on. devon welcome back to mad money. >> those of us, we all like to think we are environmentalists but i have looked at this, this notion of selling credits. i want to go there first. we talk about other things because i'm very proud of what you are doing i can make a difference for everybody and for your shareholders. just tells about this american government registry deal and what it means for you and for the world. >> as you know, we have a whole

number of things we are doing around climate change, natural climate solutions whether it is carbon capture and storage, mitigation, banking, conservation. one thing that is really top of the list in terms of things we are excited about is the opportunity around forest carbon. we did get our first forest carbon credit project approved here recently for a project name and the reason we are so excited about this is, that was our pilot project but we got a lot of work ahead of us but we are building a foundation to scale this business over time, and we do have the largest timber landholding in north america with nearly 11 million acres in the united states. really, from acclimate standpoint, there are very few tools that are available at scale that work today like the forest in taking co2 out of the atmosphere. we are really excited about this . is an opportunity to do right by our shareholders but also make a significant impact. >> what is the a company had a

goal to be carbon neutral by 2030 and they are in a jam. they could go to this exchange and by your credits and maybe be able to make it so they can meet their targets? >> that's exactly right, jim. companies are going to have to do a lot of work to bring down their co2 emissions and that work is going to have to be done regardless but for those really hard to abate emissions that companies are struggling with, the fourth carbon credits are a way to help get them over that net zero threshold. that's really where that is going to serve in the market. it's going to be a relatively cost-effective way for companies to make positive forward progress on emitting or limiting their co2 emissions. >> that's terrific. i have to go to the fundamentals here which is that you are a giant landholder. you have a lot of logs. we are focused these days on

mortgage rates to get a present. historically, we start worrying that housing is going to be choked off but the demand for housing remains intense because there is so few being built. as he talk about it in your excellent presentation, people are refurbishing their homes too. what is your feeling overall because at the beginning of the quarter i thought you guys were a little bullish at the end i thought you were bearish. >> when you look at the housing situation in the united states, the one thing that stands out is that we are massively under built. millions of units need to be built over the years ahead and i think that's one of the reasons we have seen single- family housing stay really resilient even in an environment where mortgage rates have gone to the upper 7% even knocking on the door of 8%. when you look at the shortage of housing number one and the number two it's a real testament to the big national builders, they have been able to do things like right by downs and other incentives, to really keep these homeowners in the market and there is a

really strong demand for houses in the u.s. >> how about china? and japan. i know japan is really important for you guys. those markets, they are very hard to penetrate and also very hard to fathom. what is really going on in those two markets? we don't know over here. >> yeah, i think there's a couple things. when we look at japan, obviously from a demographic standpoint, the population is not growing. the housing market there has been a little bit softer of late but that being said we have some really strong customers in japanese markets who have been looking to take market share from other building products. we still think that's a very important market and we still have a significant amount of volume going to the japanese market. the china market, that's obviously struggling to some extent because of what is going on in real estate and with their economy. we housing the overall demand for logs go down in china. although recently we have seen some of the supply that goes into that market from europe, some other suppliers who

started to wane a little bit. we are starting to see that china market go into more balance. as we said on our earnings call, we are anticipating starting to pick up some of the volume in that china market. >> how is your relationship with the big boxes, home depot, lowe's, are they -- do they have enough inventory? i know you are between the homebuilders and those stores, you pretty much have a handle on everything. where is the state of the retailer with lumber? >> those are two really important customers for us. it gives us a good indication and visibility into what is going on in the repair and remodel market. it has been solid this year. it's obviously come down from the peak years of the pandemic. when you look at the aging housing stock in the u.s., people have equity in their homes, i think this lock-in effect with so many people having refinancing their mortgage at a low rate, maybe reluctant to move onto the next home, that is the tailwind for repair and remodel. we are seeing that continue to be solid both your today and as

we go into 2024. that will still be a pretty significant demand driver for our business. >> the fact that you have to put in this special as well as the basic dividend, you are doing much better which is why i think a lot of people should be caring that we should be caring about the carbon register because that is the future. i want to thank you for coming on mad money. it is so good to talk to you, sir. >> all right, thanks a lot, jim. >> will be back after the break. >> cramer takes your calls and the sky is the limit. it's a lightning round, next ♪ ♪ every day, businesses everywhere are asking: is it possible? with comcast business... it is. is it possible to help keep our online platform

safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. you know when you have those moments? that time to reflect. to be like wow... what did i do to get here? (city ambient noise) right. work. you worked hard and it's time for a bank that'll work hard for you. everbank brings security and a guarantee. that you'll earn a yield in the top 5% of competitive accounts. going, got you where you want to be. we're the partners for your next move.

everbank. advantage, you with gold bond... you can age on your own terms. retinol overnight means... the smoothing benefits of retinol. are now for your whole body. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion your skin. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection.

available now in siding colors, styles and textures. curated by joanna gaines.

it is time. and then the lightning round is over, are you ready? paul? >> hey, jim it is paul from santa cruz california. just over the hill from silicon valley were i love the company smc i. >> it's a real good situation. there is a couple, they are the ancillary ai place that i think still works. we have a real bad market going on here. i'm going to go to david in texas. >> jim, i'm a club member, champion texas rangers. >> i think you have it. i agree with that. >> about six months ago you mentioned a company i never heard of it was about to

spinoff, construction aggregate. it's in my value investments. mdu resources before the spinoff. it is up 30%. >> and then this keeps going down. you know, i have to tell you it's probably pe driven at this point. it has 11 multiples. these stocks that are breaking down just don't stop until they get to a level of single digit pe. margin in florida. >> hi, jim. thank you for taking the call. i'm just coming to say i'm going to become a club member. >> thank god that's what i like to hear. what's going on? >> gmc. >> i just suffered through a

torching with ford frick do i really need to have a twin barbecue with jim? i'm going to take a biggs big kingsford pass. >> hello, jim. i'm calling regarding --. >> not great, not bad for this group is going through a real evaluation. i'm sticking with my co-tara which is the best. let's go to bill and west virginia. >> hi, jim. this is bill. i'm calling to ask you about a small speck uranium pharmaceuticals. >> i look at this guy and is a canadian company that i don't have a lot of confidence in. i'm not recommending any companies losing monday money hand over fist speaker let's go to jeffrey in massachusetts. jeffrey? >> hey cramer, what's up.

so, as a proud member of the investment club, cnh i conference call the other day and i want to get your general thoughts. >> i thought scott did a good job but the world of -- the food world -- archer daniels, whether it be ag to, or whether it be fmc or -- it's all going down and this is being brought done with it and it also has this big discretionary component. i have to tell you, i am -- it's six times earnings. no, you have to wait until the report. one the report we can take a hard look at it. that's what to be in ight days. why don't we go to barry in new jersey. very? >> i love you guys. been watching since 1993. >> thank you. you're probably in my neck of

the was injured as a? >> i'm right behind you. i have to ask you. i have been investing in the stock and i want your opinion. archer aviation. i know a lot of smart money is behind it. >> that is the most speculative. this is a landing craft that goes up and vertical. i would rather just go by about. i mean it has -- it doesn't mean it's not cheaper. i'm not done. i want to do this for at least the next 48 hours which is clearly where i am headed. let's go to pier in maryland. >> hey, jim, thank you for taking my call. i'm calling you about the stock that is in the supply chain. it has huge growth. walmart is an investor. had a huge run and has come back a little bit. is supposed to have positive earnings next year. the stock is --.

i think we have to wait to see the earnings. >> anytime i violate a recommended stock that is losing money now, guess what, and that. that's the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. coming up, cramer remembers an investing legend. with them from a wall street titan, when we return. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly.

i'm sitting here and hearing from all of these wall street titans and billionaires who love to give us platitude about how you can't make money in stocks, even though that's exactly what got them rich in the first place. -help anybody try to explain something different and provocative. sadly, haven't got itself some help yesterday when the legendary byron passed away at 90 years old. byron ween was a wall street fixture. he became a miss for his brilliant annual list of 10 possibilities that could come out of nowhere and make you change your investment strategy. they were outlandish and shocking. but it all times the got you

thinking. i used to say it was the best risk reward that i had ever seen and i loved it. if you invest based on his different surprises and if you got it wrong it didn't hurt you because being wrong tended to meet baking the stock. if you got it right you could get some used keys. a time when a surprise so often seem to come true. i take it home and ponder for hours trying to figure out what each would mean for my portfolio. it was so provocative. we also put out a monthly newsletter filled with the brilliance. he was a tremendous writer and made a nice anecdote to the prosaic that dominates wall street. there is a standard obituary. i read about this fine man often at an early age. a scholarship student of harvard and went to wall street where he became a sage. let me give you another perspective. a personal one. as a young hedge fund manager at less than half my current age i got a call from byron

saying he wanted me to come to idea dinner. he helped soiries where fund managers would prevent stock ideas, go around the table in his home. i couldn't believe i got an invite. that i get to meet the man who i considered the smartest man in wall street. i was shaking and scared to death about what to talk about. i wanted to make an impression so i mapped out a story where the personal computer would become as powerful as a mainframe thanks to new chips developed by intel. most thought it was defensible pure hyperbole. a lot of doubters practice with the late 80s before intel's truly took the world by storm. he took me aside after the dinner and said he thought it was the best idea he heard in years. i was chilled. so began a friendship that lasted for a very long time. thank heavens i was right about intel. why was this relationship so important? because like any great

professional coach byron was all about the craft. about teaching us and molding us from idea people like i was into professional money managers . those are two very different skill sets. he mentored me for years even helped raise money for my fund because i hated that part of the business. above all else, byron never said that the whole market was to parentless. all the money made, that wasn't the way he did it. he was an optimist. always looking out for new ideas and the young people who believed in them. when i first got started in this business i foolishly believed there had to be a ton of brilliant people who believed in the craft of stockpicking and idea generation. that it would help you and help you do well. but there were not. that with all programs and algorithms and risk on risk of garbage and single stock risk versus etf nonsense. of course selfish self promotional interest. byron transcended that. he wanted to make you the best money manager you could be and

he even put in time to chew. that was 35 years ago. i never saw the likes of it or of him again. i like to say there is always a bull market somewhere. i promise to find it for you on last call starts now. i'm in for brian sullivan tonight, and right now on last call, first it was the nasdaq, and now the snp 500 is in correction. two top experts are here with ideas. do we have another deal? general motors and the uaw are near a landmark agreement. fireworks in court. sam sam bankman-fried testimony living up to the hype, but will it sway the jury? bitcoin scores one of its best weeks in a year, and the goals may not