>> he's a huge ranger fan, as well. >> i bet. >> i've hung out with him at a ranger game. >> spr, melissa. >> name drop. >> thank you for watching "fast money" on this monday. see you back here tomorrow at 5:00. "mad money" with jim cramer 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 friend, i'm trying to make you money. my job is to educate you and entertain you so call me at

800-cnbc. >> the dow advanced 55 points and the nasdaq dipped 2.2%. i bring up the wall of worry because we have a huge number of strategists who came out this very morning and offering all sorts of mumbo jumbo about what the company's s&p 500 can earn in the aggregate and what we should pay for those earnings. good exercise, but i prefer to focus on individual companies and it is "mad money" and we like companies and we like stocks, perhaps the most ferocious on the wall of worry are dow stocks, and we knew that stocks were toast. [ shot fired ] >> it was endless and torture. >> the house of pain! >> and everyone wanted to flee the stock market for bonds and they didn't know if they should buy bond now or later when the yields would be even higher and

then the unthinkable happened. treasury yields hit a wall. [ screaming ] >> and then they went down. we had a report that didn't show great wage inflation which made us feel a lot less worried about that recent red-hot 4.9% gdp growth number and then the fed made it sound like it was an open question with more rate hikes and try to sell far fewer and on the long end of the yield curve where there was a giant glut. next thing you know, bonds soared in price and plummeted in yield. of course, if rates are peaking forget bonds, you just need to own stocks. just remember the late, great marty zweig who said don't fight the fed. if the fed is raising rates and you're buying stocks, you're fighting the fed and if the fed is done tighten, then the fed is your friend. >> buy, buy, buy! >> if the fed will cut rates it's a lovable bull that anyone

can ride. when bears convert to bulls en masse like they did for tech last week and when that happens there isn't enough stock to go around. you just -- it just disappears at the top and that's why you need to anticipate the buy. meaning you need to anticipate the fed's next move. you just need to feel confident that they're done tightening and i think the data including tomorrow's cpi will say they more or less won the fight against inflation ♪ hallelujah ♪ >> which means they are no longer fighting the bulls. the war between israel and hamas has the world on edge and the humanitarian crisis in gaza and the hostages seems like everyone's forgotten about and the counter insurgency operation, it's all awful, every bit of it and we'll see how wide this conflict gets and our government is very much involved and carrying out another round of air strikes against targets

tied to iran and syria. apparently we need to protect our outposts in syria, not that anyone knew we had outposts in syria a month ago. i know that will be a divisive issue, but people care about it a great deal, and they find it impossible to believe that a war in the middle east doesn't impact our stock market. however, the market is all about earnings and interest rates. right now the conflict isn't impacting earnings as gaza is too smoel and not inconsequential. it isn't impacting bonds either and they haven't done anything to oil and sawudi arabia and russia improved in record amounts and you can't expect the bond market to be worried or sad because people are dying. the bond market is a tin man. don't ask it to have a heart, and then we had a giant piece of the wall of worry called earnings and the fed was on the verge of a hard landing, many believed it was an unmitigated disaster. [ indiscernible ]

>> it would be the so-called last good quarter and there were plenty of bears shorting pretty much everything just as they're shorting home depot to support this week. i can think of a hosted of stocks that were in earnings and one of my favorite is apple and the other is nvidia and a new chip announced by nvidia. how did people feel about apple? why not use a real -- they downgraded apple and they said the valuation was too high versus historical levels and now it's got a huge service revenue stream that's bigger than the ipads and computers put together. they both came out kind of true, but you see, they weren't disasters. plenty of country his record sales and apple did great in china's biggest cities and apple was terrified that business would collapse -- [ screaming ] >> thanks to a government crackdown on iphone users, but apple gained share in china.

gained share! and the quarter was much better than feared and while they did have a chance to buy it and the right post guidance and the memo to brandon and the cfa at key bank and you which at the king you best not miss and finally on the brink of worry that is washington which seems like it should be a huge bear coming. >> they know nothing! >> washington spends like a drunken sailor and washington regularly wants to shut down the government with temper tantrums that remind me of my children when they were 5 except my kid his sense. watching too many government bond auctions and the cold war with china simply didn't pan out negatively and it issued far fewer long-term bonds that created a short squeeze. as for china, all of a sudden the president is coming to san francisco and president biden is going out to meet him.

the communist party has had a nasty habit on reneging pretty much every promise it makes to us. here's the bottom line, there are a ton of other bricks in the wall of worry, but the ones i just mentioned were the ones that were supposed to cause us to stumble and fall and turns out it couldn't stop the bulls. i'm sure they will rebuild again and right now it is what they ordered. ♪ hallelujah ♪ >> john in new york. john? >> the stock that's not so beautiful. what are your thoughts on estee lauder? >> estee lauder is a disaster. we had a conference call for the club and i will say look, it is a terrible stock and it used to be a great stock and i think fab rhysio is not doing a good job and they have the wrong lineup. so i think that the answer is i can't ask you to touch it when i'm going to slam it on wednesday. agree. wednesday at noon. how about paul in my old home

state of pennsylvania. paul? >> how are you doing, jim? >> i'm doing well, paul. how are you? >> i'm doing good. i have a question on dine brands, d-i-n. foot problem with dine brands, the there's chipotle, okay, and there's brinker and darden, texas roadhouse and then there's a lot of others in the lower end that are just doing terrible and dine brands is one of them. i don't know what to make of them other than i don't want to be in it and it doesn't have growth. elizabeth in florida, elizabeth? >> happy holidays! >> thank you, elizabeth. same. >> i want to know what are your thoughts overall for service now. >> service now hit an all-time high today, and you know what? it should. they are one of the few companies that has used artificial intelligence and made money. they have some amazing federal

contracts. i saw jensen wong speaking with bill mcdermott and i think bill is doing a good job and i wish it were down so i could tell you buy, buy, buy. let's go to charles in connecticut. charles? >> hi, jim. >> charles. >> i'm calling about apathy and i'm trying to get your thoughts on that. >> the problem with abbvie. they have a bit of a hole that's the great of the selling drug of all time. in order to make it so there are biosimilars to make it so there's competition they have to migrate people to new drugs. i think they can do it, but i'd like to hear from them to come on the show because they are in permanent quiet period, and it makes no sense given the fact that they have a lot of people's money that they're managing. so it by being the owners of the company. so i do invite them on, mr. gonzalez, right here next week. come on. say yes. it turns out that event -- the most worrying bricks in the wall

of worry could not stop the bulls. no, no, no. i'm sure the wall will be built? we'll have to sdal again and on "mad money qwest "tonight, i was i was joined by the finest and we had amazing questions from cadets and we're taking more of them because you can't put these guys down. they are too fabulous and how much have they done to serve our country? oil's been clobbered in the last few weeks so what could the end of the week hold and what impact could it have on the stock market? i'm going off the charts to find out and f1 is headed stateside ahead of the las vegas grand prix. i'm getting an inside track from our own sarah eisen ahead of the documentary that premieres this thursday at 8:00 p.m. so stay with cramer. ♪ ♪ >> don't miss a second of "mad

money," follow jim cramer on x. tweet cramer, #madmentions and send jim an e-mail at madmoney@cnbc.com or give us a call at 743-cnbc and miss something? head over to madmoney@cnbc.com.

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♪ ♪ last week we had one of my favorite "mad money" shows of the year it was our veterans day salute to service i always appreciate the chance to take time to honor all those who serve our country. on friday we were joined by a

very special group, cadets from the finance club at the u.s. military academy at west point and they were in our neck of the woods many times -- at west point which we just love we should go back soon enough. it was one of the greatest honors to spend the day on the magnificent campus in annapolis. look out, these guys have the best and the brightest and the they asked so many brilliant questions and we didn't have time for all of them on friday and we're bringing them back again today and i want to thank them for our service to our great country. >> all right who wants to kick things off >> hi. i'm cadet connor chang from santa rosa, california hi, jim. despite the recent success of nvidia other chip stocks just haven't been performing as well. >> you got that right. >> what sets nvidia apart from the rest of the sector >> nvidia is a unique company because what they are really about is two things. they're about power, but they're

about heat people don't realize that. jensen wong, the ceo, is all about making the coolest chips that run the most powerful the other ones would consume all of the electricity of the grid they suck it up. so what he's done is really rather remarkable is combine a chip that actually pays off the day it gets there and it doesn't run hot, but it is so powerful and it can go through and it can equal to hundreds of other chips. so what it really is, a distillation that makes the move so quickly that hundreds of thousands of questions in a nanosecond and nobody else has that one day maybe people will catch up, but right now no one is near nvidia, no one, for speed and for heat >> thank you, jim. >> go assassins. >> all right >> how are you >> stephen halp from mechanicsburg, pennsylvania. >> yeah. >> we're seeing large-cap stocks hit their 52-week low, we have dollar general, paypal, hershey, just to name a few and do you feel this is short-term

headwinds or are they bearish? >> great question. the diversification doesn't seem to be working because a lot of the companies are doing badly in every single industry. what it really is about is if interest rates were to start coming down you would see almost every one of those stocks go higher and we don't know when ra rates are going to peak and they have headwinds whether it's the food stocks and the weight loss drugs and that's why hershey had a 52-week low with that kind of thing and abbott labs and the medical devices and post-covid and business went down everything seems to have a negative story associated to it and that's where we have the opportunity and right now the biggest opportunity, though, remains in tech and in some of the big-cap stocks that are definite winners like a costco and walmart and of course, the magnificent seven which we invented here on the show and is still looking pretty good. >> thanks, jim >> hey, jim, cadet william from charlotte, north carolina.

>> how are you >> how does a benchmark outperform in the ten-year period >> if they didn't take out so much money they could outperform i was a manager and i did triple the s&p and that's because i did not take a lot of money in and many of these are in sell mode or they've taken so much because they're so good that it ruins their performance and if they weren't so greedy and not take in so much money, that's don't do much. >> yes, sir. thank you very much. >> greg karma from new jersey. >> okay. >> my question for you is i've had google for over ten years now. do you believe it still has upside potential as an industry leader and with their large investment in artificial intelligence >> i think it's a challenge company, and i'll tell you why they keep pivoting they pivoted to cloud and it was good for a year and a half and then cloud peaked and they pivoted to nfl football and they're losing money on nfl football and they competed against artificial intelligence

that microsoft has and meanwhile, they should be throwing money behind their all artificial inexperience and it were staying focused and it would be worth more broken up than it is together. >> thank you,er is >> thank you. >> jackson colyer from the united states naval academy. >> i thought we had mostly army here >> yes, sir. yes, sir >> beat army with rivian's recent quarterly reports a couple of days ago, how do you see this coming going forward in the ev market >> it's the only one that can make it. they should all get together and create one giant company that loses a lot of money and rivian has enough money to sell for a while and they say we're not going to just do business with amazon, but that doesn't mean i'll own it and a lot of the companies are challenged and you have interest rates high and you

have the consumer doing well and you have the companies that would buy a rivian to be able to handle the roots they're not doing that well. so what happens is if the customers aren't doing that well then your company can't do that well and that's the story with rivian well, thanks to these amazing cadets for joining us here in the stock exchange thank you for your service "mad money" is back after the break. [ applause ] >> thank you, guys thank you. ♪ ♪ coming up, will an oil rally also rally the markets large cramer barrels off the charts to find out next.

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something as gospel. for years higher oil prices were considered good news for the bond market and they would buy stocks and buy them when they went up and sell them when they went down. most of the time investors love a strong economy we used to root for oil rallies and it was an article of faith that there was good news and this year we're terrified of oil rallies because wall street is not worried about the state of the economy. it's worried about what the fed might have to do in order to beat it, and they would have to buy stocks, and noi they automatically sell stocks for the same reason. ever since the stock started raising interest rates and it was a softer kind because it means the fed would start nearing the paint and now we're near the end of the tightening cycle and good news will stop being bad news at that point will it stop with the stock market that's an important question the pioneering technician who has been the top expert in the

space since before i could drive. he's created a ton of proprietary technical indicators and more importantly he's the guy that warned us that august in the books were awful. last time we heard from him he said the beaten down market should make a major turn higher, when by the end of october and that's exactly when stocks bottomed before the month's remarkable run and it was an awesome call he just made and larry saw the rebound by looking at the dow jones industrial average in ten years and the cycles would repeat themselves over and over again and he spotted a pattern related to oil and he said west texas crude could soon rebound substantially and he expects the good news for the stock market it would be good as good if he had a consume are price index number then -- why is the ceo of oil headed higher because he's found an allowable way to predict his trajectory and in

black and the most dominant collection of actors, for past action. >> you can see that generally spoking aren't always in the same scale, but this pment program rrly let me -- and oil had its circle forecast from 2021 to 2021, and that would get us go as a bay we had the williams cycle forecast in the be beginning of 2020 right before covid shut down the economy and finally a cycle forecast turned positive a few weeks before oil bottomed and started making a miraculous comek back

what a call. what does it tell us about west techs tks crude right now? i want to take a look at the chart from 2021 through the present moment with the cycle rate extended into next year if the commodity keeps following the cycle forecast and that's what it does reliably, then we'll soon see an oil rally and maybe november, maybe december and likely through the whole first quarter of 2024 once it happens. that's a lot of good time. here's where it gets really interesting, though. because oil doesn't just do a good job of breaking the price of crude, williams has found that it is also possibly correlated with yes, the dow jones industrial historical average and the wall street was rooting for a slowdown if you look at the action from the dow jones industrial average from 2006 to 2016, ten years, with the crude oil cycle forecast in red you will see something interesting. while it doesn't follow it as

closely as the price of crude, a big turning point in the signal often signal big turning points in the dow the big turning points in the dow. if anything, it is an indicator of the 2015 and 2022, you see a okay mooshg mooshgs when can you go to the stock market and that positive correlation fell last year where she of the reteal vealing what she was doing, let me look at the dow in black and this is the crux and this one moving from 2021 april of next year and williams notes that the oil cycle is about to turn positive and the powerful correlation here holds that

means the dow should be able to keep roaring when likely until april in the end we could be in an oil rally as wall street stops wishing for a local economy, and they found a ridiculous reliable correlation that will work even when it shouldn't. as i tell you with historical patterns, you don't always need to know why they work. you only have to know they have the a high probability they'll work again there is a sustained rally if they're getting clobbered in the last few weeks and that should be current for the stock market. excuse me. let's just hope the federal reserve doesn't get spooked into continuing to tighten because that will be very bad news for stocks let's take some phone calls. i'm sorry. let's go to jordan in wisconsin. jordan >> hi, jim this is jordan. >> and jake. >> calling from madison, wisconsin. >> first time, long time >> boo-yah, jim. >> we need some moff of those, what's up?

>> i've been checking our positions and, and i would find -- oil is trading on is up play and demand and the united states is out 13.2 russia is flooding the world and saudi arabia seems to think that there's no level that oil will hurt and so they're priningtingt a lot and my take is look out and it will go lower and after that, after it reaches a bottom over the next couple of months then it will be okay let ate go to barbara in new jersey. >> hey, barbara from new jersey shore. i love your show. >> oh, thank you. >> i'm calling about tesla and exxon? >> i have to say tesla is right now hot as a pistol and it bottomed and currently going higher and it's an ev and exxon is the opposite and i think

you're well hedged and i can do very well rarls because it made a very good acquisition. it has to mount a sustained weally cnbc is out about a huge document documentary, the business of floor la 1 about what you can expect from the global sports phenomena. analysts are getting skeptical about the impact and i'm sharing where i come down on the debate and the lightning round so stay with cramer. ♪ ♪

i'm getting in the car with wolf, the ceo, co-owner and team principal of the mercedes petrobras team >> i don't think i've gone more than 90 miles per hour or 80. >> today we'll go more than twice that fast on what's called a hot lap. >> let's go with a proper burnout. >> oh, my god! >> it's one loop around a formula one track during a race weekend. >> it is so exciting and that's a sneak preview of sara eisen's documentary, the business of formula 1 and this is on thursday night at 8:00 p.m. and its one of the most fastest growing sports out there and there's something big coming up with the inaugural las vegas

grand prix with "squawk on the street" co-anchor sara eisen welcome to "mad money. >> thank you, jim. so happy to be here. >> i closed my eyes and i threw my legs up on the dashboard because i was trying to ground myself we went 180. you've been in fast cars my stomach dropped, but it was a blast. i had a rush all day long and i think what it showed is f-1 does hospitality like nobody else that they can give vip experiences like that. it's pretty special. >> okay. when we see you you will be out in las vegas, right? >> can you give us a sense of how big this is? because vegas has used a lot of big things and a importantly this is bigger than anything they've ever had. >> it's bigger than anything they've ever had and just to give you a sense of that, vegas will also host the super bowl this season and expectation are that f1 will bring in double the revenues that the super bowl will bring to the vegas economy,

$1.3 billion it's big they're expecting more than 100,000 people liberty media, the parent company of formula 1, is investing more than half a billion dollars in this and that's what they're going for, the spectacle. they are trying to cement f1's place in america it's been a big growth story for the sport. they added a race in miami on top of austin, texas, and now vegas and it doesn't get bigger than that. >> if you can get a room at the wynn, you needed to be reserved a year ago >> i don't think they rented to the public >> there are so many corporate partners that are involved in formula 1 and blocking hundreds of room rates for this, i think you have to pay a million dollars, jim they had this package that they offered for six people that includes all sorts of experiences around the race, but also a slot. >> this must be something great for liberty media which i

know -- >> yes. >> got a pretty good return on their investment here. >> so liberty media bought f1 about six years ago and they paid $8 million and everyone thought it was a rich price then, but now enterprise value is multiples of that he said it's not for sale. it's one of the things we look at in the documentary, jim, is how they manage to transform what was kind of a sleepy motorsport that was popular in europe and south america into a more mainstream fast-growing sport in america, and it was all really liberty re-thinking the entire business. >> but didn't this netflix show really help? >> that was part of the strategy they let the cameras inside. they thinked in deal with netflix in 2019 and then the world shut down. we're all at home binge watching, "drive to survive" the docuseries and what was so smart about that and i don't know if they realized just how big it would be, they took the helmets off. all of a sudden these drivers became personalities and

celebrities and there was drama among the drivers and the team principals, and now you've got team that aren't that great like hass, gunther curses all of the time and he's hilarious and now he has sponsorships with companies like chipotle because it's much more known as people are into it. >> it's also -- it's got the great demographic and it's got teens and people -- it also has people that are just starting out and your kids are fans >> my kids that's how i got into all of this i just wanted to look cool i have a 5-year-old and a 4-year-old, they're obsessed they know the driver and every team and they know all of the stat statistics and when you're into f-1, you watch the statistics and the qualifying race on sunday and the saturday and 23 races, basically every weekend

or every other weekend you're watching formula 1 it is an amazing business story of how lennery has transformed it and how teams have become more valuable and attracted businesses that we talk about every day on cnbc. >> give it a couple because i'm a stock guy. who's got the logos and who is spending on this and is there a rate of return and nascar had a great rate of return and i'm not sure if you know what's happened in this phenomenon >> i will tell you it's all of the companies we know and talk about. so salesforce is a title sponsor of f1. aws of amazon, heineken, rolex, it's a lot of brands that they're not just b to c. they're not just catering to the consumer some of them are and they're getting a lot of exposure this way and a lot of them are business to business because it attract an elite, high income and corporate crowd and red bull has oracle as a title sponsor

and a lot of them think the fortunes turn for oracle >> that helps, too i saw larry ellison at the race in miami they are a tech sponsor and it's interesting, jim, it's not just a stick or the car and it's not just a title they also work a lot of these tech firms and a lot of the other sponsors work with the teams to advance the technology and engineering behiend the car. palantir works with per ary and they're taking all of the data from the races and they're using it and using the ai and they're trying to give ferrari a faster, more aerodynamic car it's interesting how thoughtful these teams are when it comes to partnering up. goldman sachs, you wouldn't think of them. why are they a sponsor of mclaren? well, the mclaren team boss and full disclosure and cnbc is also a sponsor for mclaren and the mclaren team boss went to david solomon and said what do you needs? what helps your business we need to give our clients money can't buy experiences?

guess what f1 has a lot of that and goldman sachs is on the mclaren car and they get plenty of seats at the races where they can bring their top clients to all of these races. >> this is a fabulous business story and great for anyone who loves cars i want to cob ngratulate you for what i think will be an awesome show thursday at 8:00 p.m congratulations for everything you do >> i appreciate your support you are a friend. >> proud of you. >> sara eisen, co-anchor of "squawk on the street" and co-host of the documentary, inside track, the business of formula 1. i don't think you want to miss this thing thursday at 8:00 p.m. and whether you like stocks, cars, action it's got it all "mad money" is back after the break. coming up, pop open those umbrellas and tee up your toughest questions

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♪ ♪ it is time -- it's time for the lightning round -- [ indiscernible play until you hear this sound and then the lightning sound is over, are you ready, skee-daddy? it's time for the lightning round. charles in maryland. charles? >> yes good evening how are you today, sir >> i am good how are you? >> good. good i wanted to ask a quick question on the deterioration of the

energy market and things aren't doing so well in that arena? what is your opinion on energy transfers. >> it's a pipeline company, and i like the fact that the stock has been able -- [ indiscernible >> i like that the yield is 10% and it's different let's go to mitchell in texas. mitchell >> hey, cramer how are you, man >> i'm good. how are you mitchell >> i'm doing wonderful this company they want to ask about just announced that they're going to split into six different companies, and i think with the p-e under 10 that's a good opportunity for those shares to appreciate once they split. what do you think aboutalibaba >> for a trade i will endorse alibaba and i will not endorse anything in china because it's been a disaster. let's go to doris in oregon. >> hi, jim >> i'm calling you from wine country in beautiful oregon. >> i love those pinot noirs. what's happening >> thank you for bringing us cramer's market. i really appreciate it

>> thank you >> okay. i looked at lithium companies at 35 a share and gm invested 650 million and then it tanked what happened? >> i can't -- it doesn't make money. it's a speculative stock i'm going to have to pass on it, doris and i would have a couple of good cases than that thing. >> even bad pinot noir >> let's go to walter in new jersey walter >> boo-yah, jim! >> boo-yah, walter >> i was calling in about crown capital does it had a precipitous drop of 50% and in the past two ng mo, three months it's gone down 20% and the cash flow looks good and is there anything i should be worried about? >> i do think that people feel like the phone companies are hobbled. i disagree with them and i think this level at the 6% yield i'm with you, and i would buy the stock. richard in california. richard? >> hi, richard

>> thank you >> i've been in the market for 35-plus years and sometimes i come across a stock that really just does not reflect the value of the company under the radar this, to me, has always been a great time to buy shares and this company just reported blowout earnings on all matrix the a.i. division revenue is up 220% raised 23 guidance three times this year. you had the ceo on your show it was a great interview i believe the stock is a screaming buy. >> i totally agree with you and let me give you a twofer i think what he said made me be able to go buy even more of ge health care because he thinks they're the largest client you have two winners there, and i salute you for watching the show bill in massachusetts. bill >> boo-yah, mr. cramer >> boo-yah, bill what's up? >> how are you this evening? >> i'm good. i'm hanging in how about you? >> fantastic i'm a club member. i am having a great time with the club

it's a blast. >> i'll see you wednesday for our monthly call >> i'll be there, absolutely >> thank you thank you very much. >> i wanted your opinion on a company. i've been doing my homework like you tell us to do. when i found digital data infrastructure company that i was interested in, the name of the company is berkshire holding. >> you've got it when david faber was asking me today about who should be involved in the data center -- who should be involved in the mix? it's bourbon and they are hitting it out of the park and you have a winner there. let's go to brent in oregon again. brent! >> hi, jim this is brent, and i'm calling to let you know that you and your team are fantastic. i've learned more from you than anybody else in the world except my parents >> wow >> and you've been a -- you've been a fantastic help to me. >> oh, thank you

>> i want to know about that or i'm going to get run over by a train. >> in my portfolio and i've been buying some rockwell automation and i should keep buying, and it's a great question. >> it's a great question because they did miss the quarter. they had made their quarter multiple times and we had him and he's a terrific guy. pi think it is bottoming here, but i have to tell you, you normally would have to wait to see another quarter because that quarter was amiss, but the stock has come down a great deal and i'm okay with it let's go to jeff in new york jeff >> hi, jim how are you? >> i'm good, jeff. what's going on? >> i was wondering with john chen gone and cybersecurity so important in the world today and the portfolio, tech and patent,

what is your take? >> i was correct in saying for the last -- i don't know how many points that i would stay away from it at this point, as a bear, i'm going to be willing to throw in the towel and say enough if you want to buy it for three bucks there's a speculation, and i'm not going to fight you on it, but i've been right for 15 points and i'm not going to hate a $3 stock how about we go to bob in florida? bob? >> boo-yah, jim. thank you for taking my call >> my pleasure, bob. what's up? >> good to talk to you i want to get your opinion on the leasing business with good fundamentals and all of the analysts have a buy or strong buy on it, but i want your opinion. air cap holdings that's a very good company >> it's a very good company, and i'll tell you, if you want a way to play travel it is an airline and that is the way to do it and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is

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this weekend we got some amazing data from novo nordisk this is data on the new diabetes and weight loss drug with ozempic and wegovy and there were 20% less cardiac events among the target population of the drug then this morning a bunch of analysts popped up and said these results aren't enough to move the needle. meaning they won't convince insurance companies to pay for this revolutionary new class of drugs beyond diabetes. i think these analysts are insane i've been very close to the story because i own eli lilly for the charitable trust and it's been one of our biggest

winners, why other than novo nordisk they're the only ones with this drug, which is marketed for mounjaro for diabetes and zepbound for obesity. this thing can cause dramatic weight loss as much as 18% of your body mass i prefer the stock of eli lilly because novo nordisk only gives you a 15% reduction meaning lily's drug is a lot cheaper we will talk more about it at wednesday's investing club meeting at noon. i do hope you will join the club, at least tune into the meeting so when i see analysts talking about how insurance companies won't pay for revolutionary weight loss drugs i want to scream they look at the list price and the average patient with obesity and then figure the drugs will be too expensive versus the savings in the system from a healthier customer base? not all patients are created equal, and i think there are many groups that the insurance companies will be downright eager to cover first, if you have diabetes and the potential for diabetes the

companies want you to take these drugs immediately, erspecially during the pandemic which hit diabetics especially hard and it put you at risk for many other deceases if your insurance company can nip it in the bud, believe me, they would be happy to pay success, if you're obese and your blood pressure is very high, say anything greater than 150 over 90 and other medicines have not been able to bring it down, then you are extremely at risk for heart disease if you can't get your blood pressure down from conventional medicines you will be a candidate for these new weight loss drugs plus, there are so many other potential uses for this drug and hey -- which will is eye -- these things can help sdpi think the insurance company will have

other, and it stop you from the desire of two drinks's night you need to think about what they can do for the people who need the most help i don't believe the insurers will balb at paying like they do for an mri, but the price might end up being lower and i doubt they'll cover it for vanity, meaning meaning if you want to lose weight without a health risk try to see if you can get botox for free, but at the end of the day the causes are tested and for millions of people it would be cheaper for the insurance companies to shell out for the new weight loss drugs than to let their morbidly obese members just get heart disease so today's a day when the junk food purveyors and the anti-diabetes devices and the alcohol stocks were able to run because the analysts said not to fear this new class of drugs i say let them run they're way too knocked down, but once these miracle drugs are

mass produced and once they come in pill form i think eli lilly and novo nordisk would be much higher than they are today. y like to say there's always a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer see you tomorrow last call starts right now right now "last call," disney's big gamble and it's es. n bet launching tomorrow will gambling become its magic moneymaker what a difference xi makes san francisco scrambling to clean up its streets out of president biden and china's president coming into town no, it is not the wolf of wall street and it is fdic the author of an exclusive report is here sold 1962 ferrari look at that car just did something at auction that has never been done befor