increase, i think you look at utilities. >> wow. utilities from dan. guy? >> you've always been our -- >> oh, nice. >> i hope you continue to guide it. see what i did there? >> good one. newmont my mission is simple, to make you money. i'm here to level the playing field for all investors. mad money starts now. hey, i'm cramer. welcome to mad money. welcome to cramerica. my job is not just to entertain, but put it all on entertainment. so call me or tweet me. the trillion dollar stock club is hard to join. we've got apple, microsoft,

nvidia, amazon, meta, they are doing unbelievably well. sure one of these companies could slip back, but right now i'm actually focused on who could be the next to trade above a trillion dollars. now it is an amazing day for the bulls with the dow gaining 39 points. s&p climbed 1.9%. huge moves with the s&p taking out the 5,600 level. i think it's worth going over the contenders that companies closest to joining the trillion dollar club. because for the most part, these are not, not traditional technology place. and of course, it's not just the companies themselves that are driving things. we have a benign backdrop going on here. this time in front of the house, once again, sounded dubbish. meaning we're likely going to get some rate cuts and they fuel rallies. however, earning season ises starts tomorrow. so we will soon be back in real world mood where evaluations will respond to the numbers, not the price targets or the bunks from the analysts. you can say this is where the rubber hits the road.

well listen, what could be the end of the most buoyant period we've had? what company might cross the trillion dollar threshold? the eight that comes closest going anywhere and believe me summer is descending. first is eli lilly. now by the way, i could hit this for every one of them because they're so good. at $893 billion, it seems to be well on its way to a trillion dollar capitalization. the world's hottest, this formulation helping diabetics and overweight, but could also help many others, cardiovascular disease, fatty liver disease and perhaps many other indications. lily can't meet demand and at first they tried to build a high-quality program. i nominate lilly as the next to join the $1 trillion club. second, berkshire hathaway, a close second. just under $893 billion. i could easily see this one

crossing the trillion dollar barrier. a lot of moving parts here. mosaic ensuring geico. apple is a swing factor here. and the monster massage position here. a lot of industrial exposure. they could go over a trillion dollars. what will need lower interest rates as they seem convinced that lower rates will help the stock save the technology names, even as i would argue that's not going to go higher regardless of the interface. there is always where intrepidation. and the top two could easily be surpassed by the real wild card of the group. if we get one more surge in the stock of the unsinkable tesla, which has been up for 11 straight days. now these days tesla is being pitched more of a technology company than automaker. they just needed to demonstrate the tesla energy could become a much bigger piece of the business. we know tesla's vehicle sales are leveling off after period of decline. the self-driving issues could be the biggest thing going.

certainly what elon musk believes in. we also want to hear about what he is saying about china because china is allowing robo taxis. this one has a lot of momentum. the next tech to reach the trillion dollar club is broadcom. now listen, the data center, broadcom helps invest nvidia to the networks of the world. it is difficult to imagine how data center or a.i. would work without broadcom, without the tag line that will keep the memory called keeping everything. it's been a big winner for us. we believe it's reaching the position. it is just beginning to get integrated. other businesses related to cell phones is about to heat up thanks to the new product cycle. all the cell phone components were bid up because of some projections for am phones. but broadcom's stock barely moved. that seems wrong to me. you know what? i think this is one where you

have to, even though i don't like to buy ahead of the stock bit because there is so much churning. now there is so much to like here. and let's talk about it, a 10- for-1 split, effective next monday. that will make broadcom shares more accessible to you. the market cap that is an easy striking distance. buena that went down for a while after it did the split and so did chipotle. beware, i like the situation, but i'm worried about the overhang of the split. there's a huge dropoff after broadcom, but any of these could catch up if we get favorable sectors over the next couple of years, yes, years, not months. jpmorgan reports friday morning. now this is a $597 billion situation. there is nothing in the $600 or $700 area. but it will be interesting to see this one go to a trillion. jpmorgan, the best bank sells for 12 times earnings, which is way too low. lower than the average stock in

the s&p. if the feds starts cutting rates, then this could undergo huge expansion especially if the company puts on a huge set of numbers. and jpmorgan has a level of consistency that merits a much higher stock price. many thought the last quarter was weak and the stock just got clobbered. but it's come all the way back, clean, resilient, don't rule out a trillion dollars, but it will take a couple of years. however, if there is anything in the $500 billion level that could double and within a reason period of time, i bet it's walmart at $566 billion right now. the largest retailer is experiencing an amazing moment, pulling away from amazon and costco, which by the way just raised its membership fee tonight and keeps rewarding investing club members as we have owned it forever. an e-commerce initiative that's so strong and so broad that it is attracting a huge following, taking some time to make it informal. and that's got to be pulling

forward for this company to hit a trillion dollars. i like the walmart membership initiative, offering important discounts on fuel at exxon and on flights, hotels, car rentals for the summer season. take a look at the bargains, it's all on the website. there are so many deals and discounts that it is one of the attractive loyalty program in the world. bank of america, whether they could grow sales above 10% over the next couple of years. visa is the quiet half trillion company. could visa go up? i think they need to make acquisitions for things to happen, and i don't see that happening. finally there's exxonmobil, which was the largest company in america all the way back in 2011. before that it was a fish in the top five list for many years. knocking it well off the perch,

but it's $502 billion. now look, a little speculation here. exxon joining the trillion dollar club if oil prices were to spike. the earnings would soar, and this stock would indeed go higher. i'm not betting on higher oil, but it could happen in the next two years. the bottom line on the speculative piece here. to one is doing any handicapping picking here. if a non-tech could crack into the billionaire circle because that would call the most bearish judgment into question. and that judgment is we are merely riding the bubble. to me it will be lilly up next. but tesla might allow musk to sneak back. and turning the super six back once again into the magnificent seven. rod from florida. >> hey jim. what happened to netflix and what price do you see going

into friday's close before earnings next week? >> i have to tell you netflix has become so loved that i was actually glad that it got cooled off a little bit today. every day another analyst could put this in my memo. i sent a memo about the 10 things i'm looking at for club members. i put together initially my first cut. i said enough with the netflix thing. you can't keep raising the same thing. that's what people are doing. let's wait and see, but it's fine. mike from illinois. mike, mike, mike? >> hey jim, thanks for taking my call. >> of course, mike. good to have you on the show. >> all right. i'm very curious why the stock of wing stop is selling off. it fell about 12% a couple of weeks ago. >> let me give you my answer, mike. we happen to have a brinker, which is on later this evening. the whole group has come under pressure ever since mcdonald's cut its price and offered that

value package. everybody thinks that you can't get the big deal anymore at these guys verses mcdonald's. i think they're wrong. i think wing stop is a buy. steve from missouri, please. steve? >> hey, jim. i always appreciate talking to ya. >> thank you, steve. how can i help? >> i'm calling about one of our club stocks, linde. it rocketed higher and then it reported earnings in may and it has been struggling. where are you on linde? >> okay, i need to get lambeau on this show. he's the ceo. here is what happened. linde had an amazing run. then it didn't have the blowout quarter. the stock didn't get hit, but it didn't get higher. it needs to be able to show, i would say a reignition of growth, a volume growth. that's what it really needs. i'll touch base with jeff marks again tomorrow on this. we do have a club monthly meeting next week, where i think i should bring it up

after your great question. thank you. now i think the bears have to take note if a non-tech company can crack into the trillion dollar club. any idea that we are just merely riding one more big tech bubble like the year 2000. fast food fans are getting mad. but could chilis be filling the void? kind of like the question we just got about wing stop. i'm sitting down with the ceo, brinker, to find out. and what's going on with hims and hers? my take on this. and you know the famous question, if the tree falls far, does it make a sound? what about if lumber prices fall on the market? i'm searching for answers, so stay with cramer.

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lately the big restaurant chains have been seeing pushback on prices. they give customers better deals or the traffic starts to evaporate. they will put a handful of restaurants ahead of the game the whole time. the parent company of chilis with the famed three for three deals. and at the 352-week high of $76 in june. brinker shares have cooled a bit pulling back 14% to $65 and change. and the competitors finally stepped up their value offers. let's check in with the president and ceo of brinker international and the president of chili's grill and bar to get

a better read on the situation. welcome back to mad money. >> hey, thanks for having me on this show, jim. i just want to do a quick shoutout to my teams in south texas. they obviously got hit by the hurricane there. all of our employees are accounted for, and we're getting the power back on to all the restaurants we speak. just wanted to recognize robert mason who is our vice president of operations in the region and all the employees that have gotten us back up and running. >> and i want to thank you for doing that. on your conference call when someone does a good job, you call their name out. i've always wondered why more ceos don't realize that it doesn't cost anything to mention people's names who do a good job. >> yeah. we have over 65,000 people who do an amazing job. we are definitely, you know, on a roll on chili's. we're getting there at maggiano's. it's because of the 65,000 employees that are making our guests feel special, delivering amazing value every day. >> thank you, kevin. now i want to ask you in the last conference call, which is now back on april 30.

you were talking about how there is a real pushback, the consumers frustrated by the fast food prices, and playing in their hands. now since then it's almost as if these big fast food restaurant chains heard you, and they have been cutting prices, offering deals. has it hurt your traffic? >> yeah, you know, i can't comment on existing traffic right now. we just finished a quarter. we'll have an earnings call in about a month. but what i can tell you is we're going to continue to offer industry leading value. we know that's what the guests want. they're looking for a great price point, a full meal. they don't want to get nickeled and dimed and have to buy other things when they get to the restaurants. with our $10.99, three for me, it's a complete meal. we think it's the best value in the industry, and we will continue to go drive that as long as it continues to work. >> and now i just have to ask you point-blank. how come you can do something for $10.99, a big smasher burger. i said i'm not going to pick on any particular fast food, but i happen to go to all of them.

i really don't get -- i'm paying the same price, but i'm not getting any service, and i'm not getting the big enough burger as far as i'm concerned? >> yeah. you know, one of the most important things, jim, especially in the economy like this is to make sure you have offerings for all guests. some of the guests want low price point and a great value and great quality, and the $10.99 is going to deliver them. but that's only 7% of our business. if you think about the rest of the business where you can trade up to double burgers, steaks or premium margaritas. that's where most of the businesses are transacting. when you add up all of that even with a pretty good food cost at $10.99, we can make things work and continue to expand margins and grow sales, and the customers are rewarding us for it. you saw that in the last gains call. we'll continue to deliver superior values as long as it continues to work. >> well i know you have been a big believer in something that i think is very important. it's not that they come in there and do $10.99, they order other things. it has to do with -- actually a

feeling of not being ripped off. the american consumers right now feel they have been ripped off by hyper inflation. and you are an answer to hyper inflation. >> yeah, you know, i'll tell you something. i learned this about nine years ago in the focus for doing the focus group. they were trying to test the value concept with customers. you know, we were told look, i don't want to do a whole lot of thinking about the value. i just want it to be easy for me or download the app. i just want to be able to get it every day. i don't want to do a whole lot of spending. what they meant by that is they want an attractive price point and superior value. that doesn't mean the cheapest thing on the block or the cheapest thing that we'll have on the restaurant. they want something that will fill them up and not nickel and dime them. that's what they're doing with the three for me right now. it's a complete meal and a price point that's clear. you don't need to trade up or add things to it or have that great meal. you don't need an app to download it or to come. and a certain time or day of the week. it's always going to be there for the guest. that's where we are getting rewarded for it. >> and no, i also know that you will do a lot of specials.

i mean i don't want to take up too much time. you have $200 million on the fajitas. you don't want to change the fajitas, but you need to come up with something new for people to come in. >> yeah, well there's two things in the economy like this that is important. number one as guests pull back trips from the industry. it's really important to go up, left, the service model, right? if you're going to take less trips, they need to make sure they go to places they can trust because they cannot afford to have a bad experience. number one what we have been doing is upping all of our guest scores, putting more labor into restaurants. making sure we simplify the menu to deliver it to the guest. the second thing is you need to bring some new innovation into it. for example you know the big smasher burger, it's doing exceptionally well. we just launched as part of seeing a lot of shark content on tv. and it is called the berry shark bite, i'm getting it right. and it's got tequila, coconut malibu rum in it, fresh sour.

only for $6. that's a jaw dropping price that we like to call the berry shark bite margarita. as long as you keep those values sharp, people will come back. >> i want people to know, that's a $12 mark. you're doing it for half of what you would do at another restaurant. that's really an amazing price. one last thing, are you still monitoring where you are with this? i love this. the g-wop, the guest with a problem that have dropped to 3.3. is that still going down? >> yes. so we look at that literally on a daily basis. now i can't share with you the most recent results. once again we're in a quiet period. and our quarter ended. but we're continuing to add labor to the restaurants, we're continuing to simplify things. there's no reason why we wouldn't see progress as long as we continue the right things for the business and we continue the guest experience and they get better and they will continue to reward us with their business. that's the plan going forward. we hope to stick to it. >> well look, i want to thank

you for fighting inflation, which there is costco, there's you. i've got texas roadhouse. everyone else keeps raising prices. obviously you can nickel out a lot of money for shareholders and still let the customer have the greatest deal. that's what i think about when i think of brinker. >> yeah, i know, i appreciate that. and we will continue to win with the guests, have a proposition that they are excited about. they will continue to reward us and continue to reward our shareholders. that's the plan going forward, and we'll stick to it. >> and let's call it good business, kevin hochman, president and ceo of brinker. thank you. always great to see you. >> hey, thanks so much, jim. appreciate you having me on the show. >> of course, mad money is back after the break. coming up, what the heck? a health check for a modern stock with time tested head winds next.

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earlier this year we spoke with an app called hims and hers health. if you somehow missed the ads, this is a digital health and wellness platform focused on sexual health, skincare, mental health, and weight loss. basically they set up a website where you can talk to doctors via text in order to get treatment for let's say more sensitive health issues. they sell generic versions in

treatment for e.d., mail pattern baldness. somehow the world has not recognized that bald is beautiful. weight loss drugs from what are known as compounding pharmacies. that's the other thing they have. it's a glp kind of knockoffs. they treat anything embarrassing where it is easier to talk to a computer than a doctor, right? that's the basic idea of buying hims and hers. now when we first spoke to the ceo in late february, the stock was just red hot. and it gained more than 30% in a single day after reporting strong quarter issued a bullish look in your forecast. that broke out into the teens in late february. it's important because hims and hers health came public via a stock that closed in 20221. well $10, last year the stock was stuck in the mid-single digit, just nother post back play that wasn't working to hurt people. you know what i mean. ever since that blowout quarter in february, well the market

has started taking this story very seriously. now i bring this up because of the choppy trading in march and april. hims and hers started rallying like crazy. the stock climbed from around $11 to a high of $25 and change. i don't know if you saw it. it is almost like levitating every day. even back here at $20, the stock is up 127% year to date. and up just another 50% since our late february interview. so it's long past time to play catch up and explain what the heck is going on here. first when hims and hers reported in february, they not only reported strong growth in a surprised profit. but imagine giving bullish guidance. explained on this show that the whole business model is about breaking down barriers on access for these drugs bringing a ton of new people into the market. the stock took off again after reporting a phenomenal quarter in may. up 46%, subscribers of 41% be.

earnings before interest tax growing by 444%. the company earned five cents per share, and analysts are looking for a penny. that's a smoke show. imagine putting up these numbers because they were offering a wider breath of product categories on the platform including weight loss drugs. in response to the quarter, the stock immediately jumped 6%. but that wasn't even the biggest positive catalyst in the past couple of months. on may 20, two weeks after the first quarter report, hims and hers announced it would start selling glp-1 injections. and that said the company isn't actually selling the patent protected stuff from eli lilly. instead they're selling what's called compounded medications, which uses the same active ingredients in a copy cat formula of the drugs. normally regulators won't let you violate it, but the compounded drugs are only allowed in situations where the supply of the real drugs are limited, which is exactly what

we have with glp-1s. the product that hims and hers is selling, it is not actually fda approved. but the upshot is they are selling the active ingredient for a much lower price than anywhere else. starts at $109 per month, a fraction of what ozempic costs. when hims and hers announced the new access to the glp-1 injections, the stock jumped 20% in a single session. even if the news wasn't an exact surprise. people were speculating about this story for a month. how big of a business could it be? analysts say the healthcare focus took a stab at this last month. we have built our first cut at a sensitively analysis to understand how big it could be with questions, i'm sorry, with estimates that get quite large quite fast. quite large, quite fast. i like that. and they projected these compounded glp-1 drugs could increase hims and hers. that's the earnings before the

interest taxes, expense in taxes, by anywhere from 7% using consumptions to 157% using more aggressive estimates. that's a lot of leeway, i know, but sounds pretty positive to me. no wonder why the stock doubled from early may to mid june. it took a breather once the stock reached its mid-20s. but then something else happened. on june 27, hunter brook media, a new venture that's part hedge fund, part media company, and similar in nature to an active short seller published a report on the company's move into these compounded glp-1 shots. there are thesis. hims and hers' ability to sell these compounds could end at any time. and that is true. like i said before you can't just violate another drug company's patents. it allows a temporary measure when there is a shortage of something important. we know that novo and lilly are working really hard to bring more production online. these compounded drugs, they

will just stop. they'll be shut down. but demand for the glp-1 is so strong that it will be some time. it might be a while before there is enough official supply to the demand. i would add that hims and hers have said they would like to work with novo and lilly to get access to the real thing. but how much of a margin do they take from that change? the lower price point of the compound is a huge part of it here. so switching to the real thing. let's just say it certainly would be a lot lucrative. the other thing from the report of hims and hers, the authors argue that the companies getting their compounded glp-1s from a single supplier, which has in their words, previously unreported look for fraud and bankruptcy. now that is news to us and certainly not a great look though. i'm not sure how much it impacts the estimates. but they also said basically people could get the compounds through hims and hers without speaking through the doctor. but the company and the litigation risk, especially the compounds are not fda approved,

okay? at least they're putting that out there. now the stock had already pulled back from 25 to 21 before the short report came out. but then it toppled 20 after they came out. and so what do we do with that had stock here? okay, frankly i'm actually torn about this one. while it makes sense that the stocks were on the compound of the news, i don't love that it is now trading on the temporary business. however, i liked hims and hers before the whole gop-1 was sent into the stratosphere. they didn't have any benefit from the knockoff and that i bet they will stay strong. so the bottom line here, i never recommend paying up for hims after that big run in 25. but let's go back to 20. i think that you could justify building the position here, especially if you buy it on the way down and don't place all your hopes on the temporary glp- 1 business even as it is incredibly strong. and let's go to mike in illinois, please. mike? >> hey, jim. how are you? >> i'm good, mike. how are you? >> i'm great and thank you for all that you have done for me

and all the numbers. and you and jeff have helped me out a ton since i joined. i'm up over 40% from my portfolio in the last year. i would say you're a good reason, one of the major reasons that it happened. >> thank you. jeff and i were talking back and forth today. where she a meeting next week. we'll review our annual meeting like six month look. but thank you. you encourage us. makes us work harder. i appreciate it. how can i help you today in >> one of my dogs is abbott, my biggest stock, i'm down about 9%. and i probably added to it a couple of times. i know it went up today. and you said this loss is going to come through and not be nearly as damaging to the stock and hopefully it will bottom at that point once that comes out. but i'm wondering what you want me to do. buy, sell, hold? >> and you know me, i take it head on. they reported on the 18th. i don't know. the company is doing incredibly well. the lawsuit is in missouri. it's the worst venue. that's why i prepped everybody to think they could lose it

even though i don't think they should, which is why we're holding off buying anymore until it breaks under $100 or else we're happy with our position. that's our plan. and i thank you for this incredibly kind words and i'm sure jeff will too. let's go to richard in california. richard? >> hi, jim. >> richard, what's up? >> you always say pick dustin. this a.i. tech company is exploding in all financial metrics that just entered a large metric. and all their markets are growing up. the white house has a program to help end cancer, and they're at the top of their list. their a.i. technology is up and running with serious revenue growth. you're developing generative a.i. to run all basic companies, filling appointments, workload, etc. it will be a game changer for profits by year end. most importantly this product will be for sale. it will revolutionize

healthcare services, hospitals, imaging, diagnostic centers. the company will have growth in the next 12 months is mind boggling. madness. >> oh, yeah, this is one of the reasons why i thought ge healthcare would be doing better because they're a big supplier to radnet. but they're doing incredibly well. you're definitely right. it's an interesting story. any time we've had them on, it's been terrific, and i think that it will stay true. it's a very good call by you. listen, as long as you're not centering your investment for glp-1 business, i think that you could start building up positions in these levels. much more mad money has been going down, but is it too late to yell timber? i'm checking in on where the lumber producer stands after severe underperformance. the only thing we're looking at is the absolute hatred for enterprise software. my take on the love-hate relationship. trying to make some sense of it. rapid fire, tonight's

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i love it when peak commodities come down in price. shows we're winning the fight against inflation. but what in the world is happening with the price of lumber? i know the weird moment for the economy where they choose to develop the week turning into the flashing yellow lights and that they seem inclined to get worked out. but possibly a rate cut in september. i'm expecting that now. that's what you would expect when they finally cool down. but with this environment, the commodity prices are all over the map. gold and silver are both holding up well. and before pulling the time as of late. but you know, the iron and steel, they are very weak.

oil has gone up pretty well. natural gas is broken down completely after the nice start of summer. now most commodities have been weak except for special situations like the coffee beans. now it all paints a pretty nice picture at best. however, lumber will tell a much clearer story. the price of lumber has been going straight down for the past four months. falling nearly 30% from north of $600 per a thousand board feet in march to the low 400s now. now you might remember that just a couple of years ago at height of the covid induced housing boom, lumber was one of the hottest commodities on the planet. the price of wood would climb seven fold to about $250 in the 2020 lows. it's almost $1,700 in the peak of may of 2021, extraordinary. lumber made another run in late 2021, early 2022 when overall inflation was approaching the highest level. in the end lumber put in another peak above $1,300 in february of 2022. and benefits have been raising

interests and everyone assumed the housing market would collapse too. without housing there, is really not as much demand for wood in pretty much anything else. only housing turned out to be far more resilient than anyone expected and lumber rebounded from its lows. it seemed to be doing fine until it rolled out in march. what's going on here? it's a classic case of supply and demand imbalance with some unique twists though. when lumber prices soared years ago, increasing production, particularly in the southeast, where it is cheaper to produce southern yellow pine lumber. that's the right term. southern yellow pine. new lumber mills will take time to build. but more production has come online in the past couple of years, particularly production of the cheap southern yellow pine. more important because everybody expected a bunch of rate cuts. the lumber company maintained the high level of production. and remodeling work. that seemed to be the right thing, guys, but the rate hikes, they never would be true of this at least not so far. meaning that mortgages are

still expensive and they are hesitant to build aggressively. in fact they pulled in their horns. housing starts have been deteriorating since february. may has been down from 5.5% from april and down 19.3% from the year before. in fact this is the lowest housing start since june of 2020. that is not helpful for the price of wood. at the same time, the model market, which is even more important in this industry than the new construction has also stalled out. people are putting off projects because of the cost of financing that is too expensive. they would rather weigh a game or two and after getting that loan paying for big renovations, saying that the feds will cut. normally when the housing remodeling slows, you would expect them to pull back from production. this is key. it has not happened here. why? and first the industry invested so much to stand up the new mills in the southeast. now that they are operational, they don't want to cut production. in some cases they would borrow so much money for the new mills that they don't have a choice and then they need to sell lumber to service the decks. but the labor market is so relatively tight. they also don't want to lose

their work forces. more important remember, these mills in the southeast have much lower breaking points than their competitors in western canada and the previous heart of the lumber industry. plus a feel in the industry that things will turn around once they start cutting rates. they think that's right around the corner. so they're holding steady in the hope they will get pailed out. and understanding the demand paired with stubbornly high supply. hey, how do they play it? i want you to consider the stock ware houser. that's the seattle based real estate investment trust. one of the largest private owners of timberlands and one of north america's manufacturer of wood products. given the decline of lumber prices, it's no surprise that the stock has fallen 24% since late march. by the way, this is the lowest level since late 2020. that decline is justifiable, i get it. but i also have to say if you have a long-term investment horizon, this is the right time to buy weyerhaeuser, not sell

it. it's temporary and it will bounce back. and real estate investment trust conference last month, the ceo addressed the softer moment for the lumber market, knowing that for weyerhaeuser, the remodeling business is booming than the single-family housing market. but they stressed the company focused on the long-term, multi- year initiative, requiring $1 billion, raising production prices, and growing the business that used to be an after thought. but is scaling up, and i'm very interested in it, i have been following it. they have been cleaning up the balance sheet and growing their base dividends. beyond the base dividend, they like to return excess capital to the shareholders and share purchases at management's discretion. i think that they've got a great long-term strategy in place. if you're willing to ride out the near term choppiness, then they should be fine over time. i think the lumber industry is right that we're close to a bottom. once the rate cuts start to

mature, the homeowners will begin to build more and there will be more renovation and more remodeling work, and that will improve the lumber prices, and they will be sustainable. it could be a real rally. at the end of the day we saw the jaw dropping housing shortages in the country, right? we need several more homes than we currently have. over the long haul, that's a huge pause. it will come together, people. all that said, the company reports two weeks, and given that lumber prices were straight down the second quarter. we have to assume the numbers won't be particularly good. okay. i'm not telling you to buy weyerhaeuser. you will get a better buy opportunity after the quarter. but you can't be sure. the bottom line here, lumber market will collapse along with the stock. i think this is temporary though. after all of this it's a classic boom and bust industry, which is why you should look for opportunities to buy into the weakness, understand weyerhaeuser when they report, it might not be perfect. mad money back after the break.

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indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire it is time. the lightning round professional, and buy something in particular. play this out. and then the lightning round is over. are you ready? the lightning round, starting with dave from illinois. dave? >> dr. cramer, my good man, friend. you know, the weather doesn't get much better here. so when will you and lisa return to chicago for some portillo's and a bottle signing? >> i don't know, but i will check in with the bear please, now that i know they have that job for a long time.

there you go. what's going on? >> jim, this $24 billion suburban chicago company has kept pace with the s&p so far this year. among dover corporation supply of electronic equipment and component, they make thermal connector, thermal connectors, a critical component in liquid cooling of data systems. with data center spending on the rise, your thoughts? >> dave has put it once again, right on the post. that's a terrific -- i'd like to come out and see them. maybe they'd invite us. this is a terrific industrial company that really is making a great move in the data center. i think the stock could go to $200. i'll talk it up next week. so when you know, i'll go over what i like when we have our monthly meeting for the club. dover is going to be a big name for me. let's go to jack in ohio. jack? >> hey, thanks for taking my call, jim. >> of course, jack, what's up? >> buying for the dividend income.

and ffl corporation. >> no, if you're going to do that, you want to buy dowell inc., 5.4% is the right play at $51. with jim at the helm, that's the one to buy. bob from illinois, bob? >> yes, sir. i am a holder, and about a month ago, they upgraded their guidance for the year. in the last -- since the time it has gone down about so% including five points today. >> well, you know, there's a lot of these high-technology companies and a lot of fast growers and companies that just became public in the last three years that are giving up big gobs while the stocks that are, of course, we know nvidia and apple keeps going higher. i don't want to say lose faith, but this is a concerted move by the companies that have become public in the last five years, all getting hit. don't panic. understand they're coming down. and how about cadence in texas,

cadence? >> yeah, hi, jim, i want your take on new fortress energy. i could talk about all the positives in the world. continue delays of their flmg and uncertainty from investors? production was suppose to have started last month as they are now complete at that plant? >> i think the problem here is frankly that president biden put a pause. and i know the judge said no to that, but i think it put the whole multi-year plan under question and that is why it's going down. and that, ladies and gentlemen, conclusion of the lightning round. the lightning round is sponsored by charles schwab.

the only thing sparking the love for the hardware is the

hatred for hardware especially enterprise hardware. they have had positive moves over tech. but microsoft has been seeing semi conductor devices. and hey keep losing in the upbeat session. but on full display in the middle of the night when taiwan semi reported the sales growth in the month of june, far better than the loftiest estimates. given the manufacturer of both nvidia and apple chips, not to mention the semis for broadcom, amd, and many others. but the pin action was just incredible. and rallied another 2.2%. i know i sound like a broken record, but these companies are all part of nvidia's jensen huang calls a new revolution. chips made at taiwan semi are a part of the march of accelerated computing and generative artificial intelligence. hardware is an incentive like i've never seen. maybe in the 90s. when you consider the size of these companies, the multi-

trillion dollar capitalization, it's remarkable. it keeps widening. this morning intuit, a financial service company that i like very much announced layoffs that they indicated were artificial intelligence related. and the software company has been saying it will be one of the leaders in using a.i. to improve the customer experience. now it does have a host of visions that could easily substitute a.i. for employees. you know what, it makes a ton of sense. i understood the announcement. many of the people let go could be rehired. to me it sounds like the ceo is doing exactly what the new technology allows him to do even though it has been a very tough medicine to fire people. but the market's reaction was severe. the stock losing almost 2.6%. now some of that might be related to the turmoil it's likely leading to layoffs. but the layoffs, you know, i think there is skepticism about the layoffs. skepticism that the enterprise software company for small, medium size businesses may have a slowing or a stalling. the reverberation was swift. we immediately saw enterprise

software post up as they got hit. even though both stocks did rebound nicely into the close. they never should have been down big in the first place. but they're an enterprise software. and they are doing incredibly well. and these are buy opportunities. the problem here is simple. the valuation for software stocks are going lower because they know they need a certain level to pay a premium for. there have been so many of these kinds of companies created in the last 15 years that they have nowhere near the scarcity value that they used to have that you get for major winners these days. of course, it's entirely possible that the enterprise customer simply don't know what they could be doing, what intuit will be doing, making it willing to pay up for long-term software subscriptions for large numbers of employees. plus there used to be a ton of takeovers among the stocks. but they said alphabet, which may have been looking at a company called hub spot, which is a mini salesforce, they decided that they were not interested in the hub stock and they plummeted 12%. smart move by alphabet.

it would have crushed their own stock if it had bought hub spot. at the end of the day though, hardwares love, software hate it, exception of microsoft. and at least not in this environment. i would like to say there is always a market somewhere and i promise to find it for you here on mad money. i'm jim there is always a bull market summer. i promised i would find it for you here on mad money."last call" starts now. right now on "last call", july's make or break moment for your money. tomorrow's inflation report , will it cause a meltdown? tom lee is here. congressional stock trading, a major bipartisan effort is launched and who are its leaders? entrepreneurs outlook on america, one of the top names in wellness and fitness tells you what could be coming post election, no matter which way it goes. all that and more over the hours. last call is up right now.