microsoft. i'll rejoin the retail camp. it looks reich handle formation breaking out as we speak. >> dan? >> qqq. puts in december. >> guy? >> love justin herbert. >> thanks for watching "fast money." see you tomorrow at 5:00 for more "fast." "mad money" 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. other people want to make friends. i'm just trying to make you a little money. my job is not just to entertain, but to educate and teach you. so call me at 1-800-743-cnbc newsom or tweet me @jimcramer. after last week's dalliance with the bulls, so many strategists want to pretend that it didn't

happen, that nothing mattered. nothing changed. as they see it, it was nothing more than a temporary snapback in a bear market rally, a suckers' rally. that's what they see on day where the dow advances 35 points, s&p edged up 0.18%, nasdaq gained 0.3%. i see consolidation. i dispute that bearish verdict. i simply can't dismiss the best week of the year, where major strides were made in broadening the rally from the financials to e-commerce stocks to the usual semiconductor and semiconductor equipment suspects. i am not going throw cold water on those whose w.h.o. thought the reversal in the bond market dramatically was a minor incident, okay? it was big. until last week i was convinced the 30-year was headed for 6%. that's much harder to believe now. the guys who think it didn't matter, i'd just reich to dump cold water on them. these were hard-fought victories

for the bulls, people. they weren't supposed to happen. they came at a time when the stock market was oversold and the gloom was palpable. but that's true of most enormous rallies. that's how they start. the gains are now being consolidated even as there were plenty of people as always wanted to ring the register and park this money in cds. profits are being taken, because there has been so much hardship since late july when fed chief jay powell took the possibility of recession off the table which mean the fed had morley way to raise interest rates. long-term interest rates of course soared. but then they stopped when powell spoke last week because while he wasn't as sanguine, he did seem hopeful that since put together a couple of months of inflation trending lower, that could be more good months ahead. instead of predicting a december, january rate hike like so many who dismissed last week's action as aberrant, maybe we should say the softer data continues, there will be no more rate hikes. powell is not out of the

equation, but the data does the talking here going forward. just as important, the treasury department's decision announced last week that i harped on that no one else did, frankly, to rely on shorter term debt for the bulk of refinancing for 2024, that gave the bond bears a slim reed of hope to hang on. to short loading long-term bonds was a great trade, but it had gotten crowded, and crowded trades are vulnerable. it's amazing next year's treasury auction schedule should stop the big short in its tracks. but short sellers were going quite wary that there might note be enough treasuries for all of them to cover without moving prices up substantially. i kept telling you we had a bond glut. but with fewer long-term bond auctions and the possibility that the fed will stop selling its home portfolio, we'll be at equil equilibrium. if you're short bonds, oh my god. now you can frame this as a good short being spoiled. but as i see it, bulls make money, bears make money, and the pigs, well, the pigs, they would

have been slaughtered. the bond bearers, they become pigs. but it wasn't just treasuries in the fed. i think the only number that the government issues with any staying power is the monthly nonfarm payroll report on friday. the latest one that shows the massive number of illegal immigrants admitted during president t president's tenure putting pressure on downward wages. "squawk on the street," the numbers came out, she did everything she could to avoid answering the question. frankly, there is not much else to explain the softer numbers. there vice president been any big bankruptcies or mergers that lead to mass firings. if you're worried about inflation, you should be worried about more immigration. but obviously no politician is going to make that argument. but what matters to the market is the labor department's report was soft. i think it's going get even softer. right now the company is talked to have no problems keeping people or finding people. what a change from a year ago, for most of them, it's business

as usual. i see this as a sign that jay powell is winning his fight against wage inflation without it ever being talked about. with all of this immigration, it's only going to get better for the fed. it's incredible how dangerous it is to talk about this issue of immigration. but it's of huge significance to your stock portfolio, to the stock market in general. before this wave of immigration, wall street thought we'd be struggling with the shrinking labor force for a long, long time. not anymore. we let people in. all of that aside, something changed last week. for a while there was a suggestion if you had significant exposure to china, you were finished. apple and starbucks gave you a one-two punch that showed china simply isn't falling apart. i thought apple sales were rather strong in china. the big city share takes meaningful. do you remember just a few months ago? no, most people did forget. we were told the chinese government wascracking down on iphone buyers. that dropped the stock gigantically. i was worried about the possibility of the bear stories

of china putting the hate on apple were true. they meant nothing, like so much else we hear about apple. meanwhile, starbucks is headed in the right direction in china, to the point where it's almost embarrassing. so many people thought they were in trouble too. i find it astonishing how wrong the bears were on starbucks. yes, the charitable trust owns boast. and we're telling cnbc investing club members we still think that starbucks and an really good stocks to own. the timing from two senior growth stocks is very important. other than disney this week, there is really not much left of this earnings system. if there aren't any earnings, that there can't be any disappointment on earning. earnest buybacks had to be on hold until after the quarter, and appreciation of what work and what didn't work. shocker, tech worked. now a bit of a le to contend with. it will it produce fear of missing out or more short sellers and regular sebastien s sellers? traditionally a very strong quarter for tech.

this is one of the times where you have to be ready for an intel to announce upward or nvidia to crush it and raise the earnings forecast in strong form. i do expect the fintech rally to continue and that's faltering. plus doordash and airbnb are sagging. i didn't see that coming either. but as long as stocks like apple don't give up the ghost you don't need doordash or airbnb to work out. you just need apple to stay up. and that certainly was the case today. the bottom line here, will these moves last? i think the fear of missing out will cause money managers to be less complacent about where they put their cash. i think bond short sellers may get very nervous about the fact there is no longer going to be a glut. many want to buy n nvidia. i think you can wait for a pullback before you pull the trigger. we don't want to go against our discipline even if the consolidation is a referendum on last week. as i see it, it looks very good indeed. much better than the bears thing. jerry in missouri, jerry? >> caller: hey, jim, thanks for taking my call. >> ah, jerry, thanks for calling

in. what's up? >> caller: well, you discussed several stocks that have been beaten down due to increasing interest rates. >> correct . >> caller: one i'm interested in has been devastated is a means for homeowners to finance their projects. the rates seem to be peaking or starting to come down, it time to double down on n phase energy? >> enphase is such a disaster. if interest rates peak, honestly, i'd rather own key bank, rather own usb. enphase is the attenuated way to play the rates coming down. i think the stock is for sell between here and the end of the year. good thought, but i think too aggressive. sunny in illinois. >> caller: it's sonny from chicago, illinois. a big boo-yah to you. >> i got to get back to chicago. i had a great time last year this week. what's going on? >> caller: i just wanted to say i'm an investment club member. >> thank you. >> caller: yeah, and i've learned a lot from you, man. you've taught us not to panic

when the bid is low. and you also taught us to pounce on stocks when they're cheap. >> sure. >> caller: you know what, jim, i sold a lot of my positions last week, but i should have held on to them because i missed the rally. >> well, that's okay. that's okay. there is going to be many more rallies. what can i help you with, what stock? >> caller: good, good. so jim, i wanted to get your thoughts on the retail industry. a stock i'm looking at as a 5% yield. they recently announced an acquisition. they got great luxury brands. what do you think about tapestry? >> tapestry is dirt cheap, but i don't have the catalyst. ralph lauren is about to report. and my catalyst says report a good quarter. i don't have anything that says you have to buy tapestry right now other than it looks to be a good value. li linda? >> caller: hi, cramer. >> what's up? >> caller: thank you for taking my call. i watch your show with my father rocco almost every night. >> tell rocco i said hi. thank you. >> caller: oh, i will.

okay. and my question is, is exxon buying pioneer and if so, when and for how much? >> okay, they are buying it. and it's a complicated formula for arbitrage, but let's put hit the way. you're going get exxon stock and we sold pioneer for our charitable trust because we didn't want anything to do with the arbitrage. we bought it for the gain. and now the gain is made. so i'm not as big into the merger as i am into the price that we got for the charitable trust. i think the fear of missing out will cause money managers to be less complacent about where they put their cash, and that's why you wait future a pullback before you pull the trigger on any more moves yourself. but i think the right direction is that. on "mad money" tonight, carvana is in the midst of a turnaround. after earnings, how is it playing out? i'm learning about where the used car market stands and where it is faring with the top brass. then wall street has been concerned about the staying power of travel and that travel bull market. so what can way deduce from the

earnings reports, from expedia and booking holdings? i'll give you my take. and there is an ai unicorn waiting in the wings in the form of a company that everyone is talking about, it's called databricks. what can investors expect about the private company databricks? let's check with the ceo. stay with cramer. >> don't miss a second of "mad money." follow @jimcramer on x. have a question? tweet cramer, #madmentions. send jim an email at madmoney@cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. (♪♪) we're lucky to have this team working for us. our therapists give their all each day, by helping those who need it most. we take great pride not just in the job our team does,

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we didn't talk about how carvana got its groove back. from mid-september to about a week ago, this stock was cut in half. you can understand why. the used car business is not the place to be when you're worried about skyrocketing interest rates. but now over the past three sections, up 26%. some of that is because we had a benign fed meeting and the treasury department indicated they're going rely on short-term financing rather than beating was lots of long-term auctions that have been crushing the bond market. this was already a tremendous turnaround story. 11 months ago people were worried carvana might go bankrupt. it has already come back with a vengeance until it got hit in september. now we have to worry how worried should we be about the used car market and the last weeks. so let's check in with ernest garcia, the ceo. mr. garcia, welcome back to "mad money." >> hey, jim. thanks for having us. >> ernie, i got to tell you, the turn around is amazing, and i

like the fact that you've pivoted totally toward profitability. i know a lot of people want you to turn to growth, but isn't this the period where you're cutting costs and trying to make it so you make the most per car before you go back to the leverage model? >> well, i think you're exactly right. and i can't think you enough. you were the last one to call this a comeback. we wake up every day to make sure you're right and i think we're on the right path. around 18 months ago we really turned to focus on profitability. it was clear affordability was getting tough and that was going to hurt growth. i think the team has done an unbelievable dwrob john bolton doing just that the last two quarters we made $150 million in ebitda in both quarters. we're going stay here and look forward to growing again soon. >> you've got to talk about how you managed to cut cost per car. i think it's rather amazing. i know you were set up to scale for a million cars. and you still are. thank you for ragging the turnaround is real. but what i am concerned about is people don't seem to recognize the value of how much -- how

little it costs to readd these cars. >> yes. i think in the last year and a half, we've cut $1.2 billion of sg and a out of the business. we cut $250 million annualized of cars out of the business. we're able to get great cars less expensively. we spend less money. we can give them a great discount. our economics in a different spot. we're in a really great spot and we could not be more excited. i think we're focused on the right things right now. and just like in the past, we really look forward to growing again. but i think right now we've got make the most of the situation and take advantage of what we've been able to do so far. >> one of the reasons i had a great sense you would return, i'm not a siren, but i'm a customer. i see you rolling out same day in a lot of different markets. same day is really the salvation of what i want. how quickly can you roll that out? >> so we're currently testing same-day delivery to our customers in a couple of markets. we're also allowing customers to sell a car and they can drop it

off same day. we had a customer do that in less than an hour. they went on a website, got a value and had a check in hand in less than an hour. we're testing that. it will take us time to roll that out nationwide. that's an incredible offering we think will be great for our customers, and we look forward to rolling that out. >> i think people underestimate the fact that -- well, they may think the term is too quick. the warranty. you were well ahead of how few warranty problems you had. >> yeah. so i think a big part of our goal is we wanted to build a different kind of customer experience. we wanted customers to go to our website to get tens of thousands of cars to choose, from to give them a discount, to give a simple experience, to deliver to their door and take care of the little things that make it a little less fun. giving a 100-day warranty is part of that. every car we sell comes with a 100-day warranty and give the customer a chance to buy another longer warranty if they want to. it's all about making things easier for customers. >> what is your outlook for car prices? i know that my study, what

you've been saying, obviously a used car costs much less four years ago. it still seems a little too high. isn't it for the average american? >> i think there is no question it's too high. we hope they come down. we expect them to come down, and we look forward to them coming down. we think it would be great for our customers. a sort of unbelievable staff that puts this all into a little bit of context. in 2019, the average car we're selling to our customer is a 3-year-old dollar cost 19,500 dollar. today the average car is a 5.7-year-old car and it costs about $25,000. and that really goes to show you when the pandemic hit and supply chains got hit, that was really tough on affordaffordability. we love would love for prices to come down. it's hard to predict. >> why is the present rated so low in what's going on? i think it's that statistic. i think people used cars.

that's the inflationary shock in our system. and you're doing your best to bring it down? >> we're certainly doing everything we can. i think, yeah, it's unfortunate. today customers are paying about 50% more per month for same car they would have bought years ago. and that's obviously tough on customers. i think if car prices come down, that would be great. if rates were to come down, that would be great too. that's certainly not something in our control. in the meantime, we're going drive down costs and keep delivering to customers the best experience we can. i think the rest will take care of itself. >> what did people get down when you were down at 4 bucks? what did they see? did they not see your drive? had they never used the product? i really do feel if you used the product, you wouldn't think that the company should have been at 4 bucks. >> you know, someone i respect recently said in their career they found if you get the big things right, that's the most important. i think especially when things are complicated and times are tough, i think people focus a lot on the little things they can see right in front of them. the big things for us are we

give our customer an incredible selection. we save them money. we save them time. we give them a great experience. we've built something that's very hard to replicate. we've got a nationwide supply chain that allows us to sell tens of thousands of cars very, very quickly to customers everywhere. i think at the end of the day, if you have that and you have a team, which we've also been lucky enough to have that cares and is deeply ambitious and works hard and figures out what needs to be done and is willing to roll up the sleeves, you can find your way through a lot of different things. '22 is a tough time. we have the right business model. we're delivering the right customer experiences and the right team. as a result, we made it through. and we plan to keep going from here. >> i bet you do keep going from here. you have the right business model that is exactly the key to success. customer satisfaction, and you offer it. that's ernest garcia. he is carvana's co-founder, president and ceo. great to have you back. >> thank you. great to be here. appreciate it. >> thanks for living up to everything you said you would. it's a big deal for us. thank you. >> well, thank you.

"mad money" is back after the break. >> coming up, 'tis the season for trains, planes and automobiles. today's itinerary includes travel stocks. we're taking off, next. how's the chicken? the prawns are delicious. oh, i have a shellfish allergy. one prawn. very good. did i say chicken wrong? tired of people not listening to what you want? it's truffle season! ah that's okay... never enough truffles. how much are they? it's a lot. oh okay - i'm good, that -

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lately wall street has been worrying about the resilience of the travel bull market. i was paying real close attention when the two major online travel agency, expedia and booking holdings reported last thursday after close. they both deliver excellent numbers. expedia stock rallied nearly 19% on friday. booking finished the day up less than a percent. whenever you see this kind of diverging reaction, you got take a closer look because it can tell you a great deal about the business. so let's figure out why the market loved expedia and couldn't care less about booking holdings, aka the old priceline.

coming into earnings, these two stocks had pulled back hard along with the rest of the market from august to october. everybody thought the travel bull market was on its last legs, even though expedia and booking holdings have had enormous buyback this year, it wasn't enough to prop up their stocks in an ugly market. i talked about them both in september and told you to go with expedia. but that was because it was much cheaper. even though both stocks had declined going into earnings, booking holdings was doing much better than expedia. as of close last thursday, booking was still up. expedia only up 8%. expectations were high for booking. expedia had a lower bar to clear. even though the bar was low, expedia reported an excellent set of numbers, while books a touch light, 7% year-over-year. the revenue was higher than expected, up 9% and they delivered a 41 cent earnings beat off of $5 basis. that huge bottom line beat was thanks to, yes, in large part

expedia's buyback. they repurchased 1.8 billion worth of shares during the first nine months of the year and the board approved a new $5 billion repurchase plan. that's insanely huge. it's only a $15 billion company. don't use a lot of capital, right? these guys don't offer formal guidance. ceo said as four the fourth quarter, based on the uncertain geopolitical environment and the impact on travel, we expect bookings growth to be relatively in line with third quarter levels with modest sequential acceleration in year-over-year revenue and ebitda growth versus the third quarter, end quote. it sounds pretty good, doesn't it? booking growth shouldn't decelerate, while the revenue and ebitda numbers should get better. what's not to like? on top of, that expedia gave us revamped stuff on their loyalty program, which i really liked. they talked about migrating their vrbo thing, home rental platform to their main infrastructure. and explained that their core business to consumer business is on fire.

in fact, ceo peter kern talked about the power of the rewards program which is huge and important for many travelers with sara eisen this morning. listen to this. >> ours is now basically money. so instead of being points, it's really we give you one key cash, and you can use it and spend it on anything you want. and because we cover virtually everything in travel, you can spend it on literally anything. and the idea is that you can participate in our program and other programs. if you buy airline tickets from us, you get your airline points too, and you can then use your points with us to go spend it on a hotel, a vrbo, whatever you want. and for the first time now, vrbo has it, which is a key differentiator from airbnb. it's the only loyalty program in vacation rentals. a, it's better than airbnb, and b, you can spend it for anything. >> that sounds like a way to save money, doesn't it? i think that it's so commonsensical. you would probably say why haven't we had this for years?

a company had strong results, encouraging guidance for the current quarter, and they calmed investors who were nervous about the travel bull market on being on its last leg, which it obviously isn't. and investments in the loyalty program are paying off. more more than anything else, the $5 billion buyback authorizedization got the stock roaring. it's like they're gradually taking themselves private. that's how a stock can rally 90% in a day without a takeover. they clearly think they're the most undervalued company i've come across this quarter. so what went wrong for booking holdings? same business. reported the same time. yet their stock did nothing. booking holdings didn't do anything wrong. their gross travel booking and room nights came in better than expected. booking also beat the revenue estimates in every major earnings line came in better than expected. they made $72.30 per share when wall street is only looking for $69.88. these were all record numbers. plus better growth rates than

expedia almost across the board. bookings up 24%. room night book up 15%. revenue up 21%. by comparison, expedia's comparable numbers with were up mid to high single digits. the only place they came close to booking ings is earning grow. where they got tripped up is the outlook for next quarter. bookings holding doesn't give formal guidance, but their conference call was a lot more guarded. cfo said we estimated room was about 8% and down from 15% in q3 due in part to a tougher year on year comparison, as well as the war in the middle east, end quote. that's not good. at the same time, their ebitda forecast came in a little light. overall, though, it's the war between israel and hamas that seems to be causing the slowdown for them. by comparison, expedia seemed much less worried about the middle east, saying it doesn't appear to be an ongoing problem for their business. more of a short-term issue. why is that? probably because expedia is much

smaller and much more levered to the united states at 6% of sales. booking holdings is the big global operator. they only get 13% of their sales from the u.s., which makes them more vulnerable to turmoil overseas. so if you want to know why expedia roared while booking holdings did nothing, there is a lot going on here. first, the bar was lower for expedia with the cheaper stock that was up way less for the year. second, booking holding has way more international exposure. that's why its growth has been so much better, because many foreign countries took longer to bounce back from the pandemic. but now that the international exposure has turned into a liability and it's bound to decelerate as business normalizes, something we've already seen here in america. third, expedia's core business is accelerating. fourth, booking had more cautious commentary in the current quarter. and fifth, while they both got big buybacks. bookings holdings doesn't have anything close to that. expedia is still much cheaper, selling for nine times next year's earnings. i don't understand why that

multiple is so low while bo bookings sells for 13 times earning. i think booking had a great quarter. some analysts agreed. which is why the stock rallied 4% today. bottom line, i would stick with expedia stock here. it's a lot cheaper, less exposure to geopolitical turmoil and its gigantic buyback is absolutely unrivaled. >> buy, buy, buy! >> andrew in michigan, andrew? >> caller: boo-yah, cramer. how's it going? >> oh, it's going well, andrew. how about you? >> caller: good to hear. i've been watching you since i'm ten years old. i'm an 18-year-old college student. >> that's what i want. we got younger people watching this show. what's going on? >> caller: that's what you got. i know you're a phenomenon of southwest and all, but what do you think of delta airlines? should i buy into it or what? >> i think delta is actually the best right here. that's my one i would recommend. i think the travel bull market is very on. i think you have a winner. it may just be a trade. but you got a winner. david in north carolina, david? >> caller: happy monday, jim. >> you betcha'.

right back at you. >> caller: last thursday, cedar fair and six flags announced an intended merger of equals in regional amusement park group. and their new headquarters will be charlotte, north carolina. as david saber would golf today,s the latest related merger monday david report. so you think selena khan will try to block the merger? >> if she tries to block it, she is the greatest killjoy ever. this is what is needed in order to have more money, lower the ticket prices. they'll be able to lower then they're done. i think the merger is terrific and i salute both of them. expedia is relatively cheap. it's exposed to less political turmoil. its buyback is unrivaled. stick with expe. dribs. how is this disrupting the entire ai space helping companies like the texas

rangers? i'm learn mortgage about the business from the ceo. look, you don't get to be a magnificent seven without being well. how about magnificent. how do you capitalize on the powerful names through the end of the year? i'm sharing a strategy i used to utilize every november that can help you make some money on these talked about names. and of course all your calls, rapid-fire in tonight's edition of the "lightning round." so stay with cramer. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. - i got the cabin for three days. it's gonna be sweet! with a partner what? i'm 12 hours short. - have a fun weekend.

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in a crisis caused by a terrorist massacre. warning civilians to clear out, while hamas forces them back. allowing in food and water, which hamas steals. we're always on the lookout for the next big thing, which means sometimes we've got to look at these privately held companies that could come public in the not too distant future. we don't know when.

databricks is an enterprise software company that helps customers unify their data analytics and operations under a single vendor. this company is a real player. boasts more than half, half of the fortune 500. we're talking about at&t, hershey, royal dutch, shell, walgreens, parent company comcast. powers their voice activated remote controls. while you can't own this one yet and they don't need to raise money because they just did a huge fundraising in september that valid them, get, this at $43 billion, this is one of the most potential ipo candidates in any given year. let's take a look-see with ali ghodsi, mr. ghodsi, welcome to "mad money." it is an honor to have you on the show. one thing i want to get straight. $43 billion because you in many ways are a company that is linked with by the way with nvidia, able to make it so that we have chatgpt to be more than

a parlor game, but the real deal for companies, yeah. i mean, really what it is, customers, our customers have been collecting data for decades. so how do you get the value of that data? how do you build ai models out of that? we've been saying for ten years you can do amazing things with this data. people are yeah, yeah, yeah, i get what you're talking about. and chatgpt got released last year, and there is an awareness revolution. now everybody gets it and wants it. i have ceos banging on my door. >> this is exactly the live the story that jensen huang told us, that everybody woke up to something he and you have been saying for a long time. let's go over it. i go to my comcast, and i'm tired and i say monday night football. just that. it's a command. >> yeah. >> versus like the 4,000 different entries. and within, i don't know, to me it seems seconds, it comes up. >> yeah. >> how is that possible? >> there is two phases to this

whole thing. you're seeing the end product. that takes your sound. it sends it there and gives it to a machine learning model that will quickly translate it to text, get you the answer back. so that doesn't seem that magic. but building that model, that happened maybe a year ago or six months ago, and that is the hard part. and that requires a lot of data. so comcast has been collecting a lot of data from lots of different people, voice, styles, accents, and they've been baking the model for a very long time on our platform, testing it. and eventually moving it into production where it seemsed like it works. it's making the model that is the hard part to do. >> do they rent you or pay an annual fee? how does it work with if i want a contract with databricks? >> we're a cloud company. we're multicloud. you pay by the hour. so it's really pay as you go cloud business. so if you use michigan me for one minute. >> it's a little snowflake like. >> it's credit based and it accumulates. if you use a thousand machines

at the same time, then you pay more. you use one tiny machine for one minute, you pay less. so that actually helped. >> i think it's a bargain, frankly. that's the way i'd like it to be. we all do that in real life. the texas rangers. we know they won. they did lose 102 games two years ago. 94 games last year. did you help them win the world series? >> well, look, we'd like to think that we had a little tiny part. >> tell us about it. because it just happened. >> it's kind of like moneyball 2.0. basically what they're doing is connecting sensors to the players, and they can even get it down to have an image of their skeleton and really look at when they're hitting that ball in realtime, the sensor data is sent to databricks and ai model will analyze it and give you recommendations, maybe change your pitch a little bit this way. actually, you're doing too much, and it's going to hurt your actual elbow. so you can reduce injury, improve the pitch, take weather patterns into account.

so it's like yeah, moneyball 2.0, using analytics, but the next level date take, it makes sense. contracts are over $100 million over a five-year time i don't want to minimize because they're humans, but that is what you pay for a franchise. you got to protect the franchise. >> exactly. >> i would do it with databricks. but then i'm puzzled. why would hershey need it? >> how do you drive engagement? this is actually true for almost any customers we have. how do you find out what people want? and how do you get more people to buy your products? it's about preferences. it's about recommendation. >> influence. >> exactly. so that's a very common use. actually all of our customers use. >> one of the companies we're saying is actually making money on ai right now is adobe. they figured out -- my daughter uses firefly. it's really cool. it's magic to me. it's almost like a mentalist is in the machine. somewhere in between when she

uses it and adobe gets the check is databricks, correct? >> yeah. what adobe is doing is they built their whole adobe experience cloud. >> so that's you. >> built on databricks. what that does is again, it's the same thing as i was saying earlier with customer retention. you're getting all these people come to these websites. what are they doing? how do we engage them more? what do i show you to keep you excited so that you stay on this website longer, right? so marketing, automation, analytics, that's what they're built on. >> so you're valued at $43 billion. to me, frankly, i look at companies like yours and i say if you're the winner in the category, and i know you got to go up against frank slootman who is a tough guy at snowflake, but maybe there is room for most, then the world is your oyster. but at the same time, if you want to do what is great for you right now, the glare of a public company is not so great. >> look, if you look at google trends and you see our brand recognition, we actually have as much brand recognition in our

space than the public companies. >> everybody does know you. it's interesting you say that. when i was at salesforce, marc benioff told me to watch you guys. i don't know if you have a relationship with marc. but he said look, databricks is the way people are going. and so i said well, i want to own a share of databricks for my charitable trust. and he said that's not necessarily going to happen. >> there is a way we can arrange that. we can fix that. >> but look, there is always the possibility that you do want to come public. you would be the most exciting company other than arm that would come public during this period. i'm sure the bankers want you to. but you're making sure you got everything right before you do it? >> first of all, we're ready to go. i have a secret ipo button under my desk i can press and we're ready to go. the board is public. we've done everything and we run like a public company. we just happen to not be public. why? look at the market, right? so one day we will be public. >> don't give it away. we've seen too many people give

it away. if you don't need the money, take your time do, it right, which is what you sound like you're doing. you're very exciting and your company very exciting. that's ali ghodsi, the co-founder and ceo of databricks. thank you very much. coming up, cramer takes your calls and the sky is the limit. it's a fast fire "lightning round," next.

( ♪ ♪ ) ( ♪ ♪ ) ♪ (when the day that) ♪ ♪ (lies ahead of me) ♪ ♪ ( seems impossible to face) ♪ ♪ (a lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ a bank that knows your business grows your business.

bmo.

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[ buzzer ] and then the "lightning round" is over. are you ready, skee-daddy? let's start with andrew in florida. andrew? >> caller: how are you, sir? >> i am good, andrew. how about you? >> caller: i'm blessed, man. thank you for taking my call. i've been watching you and listening for a long time, man. thank you for looking out for the little guy. >> that's my goal. thank you. what's up? >> caller: sofi stock. >> let's buy some. let's buy some. the stock was down 6 1/2%. made no sense whatever. they are turning the corner. they are doing everything right. i think it goes higher. let's go to allen in florida. allen? >> caller: jimmy chill. thanks for the investment club. makes all the difference for us home gamers. >> that's what i want, thank you. join the club. a lot of people at the mescal signing this weekend were at the club. plus, my wife. what's up? >> caller: let me get right to you, jimmy, this is important. i've been reading about the worldwide nuclear energy renaissance. new plants are opening, previously shut down plants are reopening. existing plants are getting life

extension. you've got this new smr technology. >> right. >> caller: uranium demand is greater than supply and the u.s. tilts need domestic uranium. $600 million acquiring uranium companies when uranium -- >> okay, okay. so what do we want to do? >> caller: are they a good buy? uranium is now $75 a pound. >> i got to, look, i got to tell you, it's a good spec. i've said that before. at this price it's still a good spec. it's a good spec, because i agree with everything you said. john in georgia, john? >> caller: hey, jim, boo-yah! >> boo-yah! what's up? >> caller: great, great. i want to know about -- buy, what do you think about it? >> this is a very good company. i happen to like richie brothers too. the auction business and parts. it's a fly under the radar screen. trey in texas, trey? >> caller: jim, i just returned

from fifth night at a fabulous hotel, if you've never been to myrtle beach, south carolina, i can not recommend it more highly. >> all right. the bucket list. put that on the bucket list. what's up? >> caller: my question is, on their successful expansion into honeymoon accommodations, is motel 6 owner blackstone a song at this price? >> i don't know anything about motel 6. i know that people who run blackstone do a very, very good job, and i like to invest with them. stock has come down enough that i'm not as concerned as i was at one point. let's go to ike in georgia. ike? >> caller: boo-yah. >> yo, what's up? >> caller: long time listener, first time caller and investment club member. thank you for watching out for us little guys. >> that's the goal. >> caller: you made me a lot of money over the years. >> we have to tell.

we got to get that word out. i'm looking at regina, get the word out. that's how people feel. that's what i care about. what's going on? >> caller: yes. with an eps date for the quarter ended september 2023, is surprise revenue increase, government revenue growths, commercial revenue growths. >> okay. >> caller: a return of 2.7% over the past month. >> all right. >> s&p 500 and the ceo declares a market disruption. palantir. >> oh,an palantir! >> buy, buy, buy, buy, buy, bu buy, buy, buy! >> i am on the palantir team. i'm mr. palantir. palantir. austin, in west virginia. austin? >> caller: jim, thanks for having me on. >> no, not a problem. what's up, chief? >> caller: i want to give a

boo-yah for morgan town, west virginia. >> always loved it there. go mountaineers. a class 4 rapids. almost killed myself. >> caller: nice. that's awesome. my dad and i have been watching your show since 2005. >> what you got? >> caller: diversify in oil a little bit. i know chevron, exxon, but i'm looking at bp. >> no, no, go back to the other two. bp is the worst of the lot. i'm sorry to be so negative in that. and that, ladies and gentlemen, the conclusion of the "lightning round"! >> the "lightning round" is sponsored by charles schwab. coming up, they're not called magnificent for nothing. cramer's playbook on the best of breed for the rest of the year. next. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds.

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we don't call them the magnificent seven for nothing. you have to earn that status, earn it by consistently growing your market capitalization. that's what happened this earnings season, and it could be the ticket through the end of the year. yep, i want to reveal a trading strategy i used to embrace every november right about now at my old hedge fund. i'd identified the anointed stocks, the biggest institutions people were salivating for, the one they had to own by the end of the year or else investors

would think they're idiots. then the money options for january months that mimic these stocks. i would buy more if they came down. and if they rallied, i'd peel off some. full disclosure, this is a high risk approach. and i do note encourage trading that one bit. when it works, this strategy really did work, and i think it will work for some of the magnificent seven. take microsoft. a firm ai strategy that it actually starts making big money, especially with copilot from the release to the microsoft community, which is pretty much everybody. there were no negatives in the conference call which very important, because if there were something wrong, the cfo would have flagged it. who else does this trade apply to? i read a piece of research today that said don't you dare sell amazon, because it's the holiday season. they're predicting same-day delivery. prime is the best bargain out there. amazon is an upstock by the calls.

an acl tear which means bed rest, but he'll be back with no portfolio works this quarter. its stock was hit because of one line how consumer product groups had to pull back on advertising right after the war broke out in the middle east. those advertisers are already coming back, according to pinterest, a very good analog. deepen the money calls can definitely be on met. at the and then i was appalled at, but they were telling the story wrong. management should have been focusing on youtube, the nfl and hard facts. without any explanation of why the business slowed, something is wrong there. with alphabet, i would not buy the calls. it just doesn't fit the call of an anointed winner. and nvidia hasn't reported yet. as much as i like it as an investment, i think it's too fraught for a trade, especially because the focus will likely be on the chinese business. they'll lose thanks to restriction on the u.s.'s semiconductor restrictions.

tesla. showman is back. he'll get the stock higher and do the right thing. shaking awful the last quarter. it wasn't good enough. i know. but this is a higher risk stock than microsoft or amazon or met. at the and that leaves the best for last, apple. oh, this was supposed to be a terrible quarter, wasn't it? in the end, it was fine, albeit a no growth. but growth is in the eye of the beholder. and right now that beholder is very excited about apple's revenue service stream, up 16%. you need to eye an well a blended weighted model where you have based on hardware and another part based on the faster growing business. that's the high margin software end services business. you need to overweight the latter, because it's about to be bigger than the ipad wearables and computers combined. once people get their heads around, that what matters here, you have a stock that should trade higher, not lower. i think apple's long-awaited multiple expansion is here which is why you have my blessing to play it deep in the money calls going out january, and i think

you should be big in it there you visit. my hedge fund playbook for what i do with my magnificent seven going into the end of the year. please, you can start tomorrow, but the best way to do it is on the way down. and then zoom, i like to say there is always a bull market somewhere. i promise to try to find it just for you right here on "mad money." i'm right now on "last call," the ai arms race heating up. chatgpt moving to steal the thunder from mr. elon musk. the cost of corporate activism. senator ted cruz out with a new book "tallying the tab," he's here to make the case. renewables going dark. broken dish, satellite provider stock is crashing. is it a bad omen for media at large. is it a handbag? is it a computer or is it a cake? look at that. we'll look at the entrepreneur made famous on