>> julie? >> ollie's bargain. a great value retailer. really well positioned to help consumers looking for value. >> all right, tim? >> i like delta airlines, and though the numbers were a little less than expected, the guide wasn't great, the stock is breaking 52, traded well today. i think you stay long. >> a lot of an lusts feeling positively about it, as well. dan? >> how about tim putting himself out there for the kids. got a little video there and everything, he's very talented man, not just in the stock market. i'm i think rates go lower, i think you play it through the tlt lodge long. >> thank you, kelly, for joining us. >> this was easier than bedtime, so -- than bedtime. thanks for watching "fast money." "mad money" with jim cramer starts 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, it's to explain, to teach. call me 1-800-743-cnbc. tweet me @jimcramer. happy birthday to the bull! almost two years ago this market gave birth to one of the most quiet gentle bulls. it was a baby boy that turned out to be a real ripsnorter! >> the house of pleasure. >> after a day where the dow dipped 58 points, s&p declined .21% and nasdaq edged down .05% i think it's worth celebrating the bull market's two-year anniversary. because it started in quite a spectacular -- not much at all. fed was still raising rates. no one cared. in fact, the whole first year of this bull cycle was an ano, ma'amlee. that's because the fed was furiously tightening. and the market went up anyway. it was supposed to be like this. it was that. every night i say there's always

a bull market somewhere, and for the last two years it's been right in front of you. so in honor of this glorious birth of this fabulous stampeder let's take like at which stocks led us to this bonanza of a birthday. first do you even have to guess given this lid and mug the best performer? why, it's nvidia. the incredible technology enterprise that's arguably the most important company in the world right now. this may be by the way the most valuable hat in the world because this is signed by jensen. right there. g force 25 years. rings the nasdaq opening bell tomorrow. two years ago nvidia was its split adjusted price of 11 smackers and people were beginning to realize it isn't just a gaming company with some real fast graphic chips. this was just a month and a half before the launch of chatgpt. the most exciting thing i can recall since "you've got mail." i made my dog nvidia. that happened years before this bull market. but not everyone watches "mad money" or belongs to the cnbc

investing club. so you might have missed it. there's nvidia and its renaissance man ceo jensen pioneering generative ai. we speak too much about the -- accelerated computing is what makes things really work here. in other words, nvidia's created machines that think faster than do and soon will do almost anything better than you can do. now, i don't want you freaking out. we're in charge here. he with make the decisions. but ai saves a lot of time. and it's about to get even better because we'll see an amazing jump in the on the fly thinking from generative ai when nvidia's new line of blackwell chips gets fully deployed next year. they are so powerful, so fast. these guys basically invented a chip that is so quick that it created the entire ai business out of thin air. it wasn't possible before but now it can do incredible things and very soon it will be both faster and better. by the way, i think it's going to do some stuff with video that's going to blow you away.

i've never seen a company have such demand for its products. including demand from tesla which needs nvidia for self-driving cars which we'll talk about. i'm sure you'll hear about tonight with the robot presentation for tesla. the whole thing's remarkable. and the stock's 1,072% gain over the past two years was right there for the taking as cnbc investing club members well know. i do think it's got more up side which is why i always say own it, don't trade it. it does put a smile on my face. i am happy when people make a lot of money. it's just me. i will always be that way. second best performer, super micro computer. this is a company that makes something that goes hand in hand with nvidia. hence its incredible 786% run. lately it stalled, had a weak second quarter. i've always thought when you have a primary idea like nvidia and a secondary idea like super micro you don't need the latter. third is a company we've been talking about increasingly this year, vistra. and this one's about the data center too. one of the largest power

producers, nuclear. data centers are voracious consumers of energy and the companies that use them can't get enough of them. so vistra's managed to strike gold. i think it's a little overdone but the next time it has one of its pullbacks which do occur i would do some buying. the next one may be the craziest stock of the year. it's called palantir. defense contractor, ai kicker. it's been a very good company. but more importantly it's been a spectacular stock! >> that was easy. >> in a year when the defense stocks and the ai stocks have been incredibly strong this one is both with a heavy emphasis on government contracts. palantir's become a cult stock at this point you need to know that individual investors can't seem to stay away from it. they buy did morning noon and night. right after the closing bell there's this big burst of buying that makes the stock look even better than when it went out in regular trading. the stock's real expensive but it's going to stay expensive because palantir software's apparently beloved by the pentagon as well as its rabid fans. would i buy it up 439%? in the last two years. no. but i definitely wouldn't short it. we've talked about the fifth

biggest winner. it's called fair isaac. before. in fact we had the ceo william lansing, really impressive fellow, on the show a couple times this year. with th one does credit score. you probably know it as fico. it's by far the best at what it does. the fico score is universally used and no competitor comes close to its predictive power. i think fair isaac could be bought tomorrow morning even with the stock up 390% in the past year. six when this bull market was born general electric was still one company. now it's three companies. ge aerospace, ge health care, ge nova. i like them all. airplanes need to last longer so ge's aerospace engine service business is on fire. ge healthcare which we own for the charitable trust is a laggard that makes mri machines and other big ticket medical devices. it is just starting to get its sea legs after covid knocked it back. chinese orders slowed. and high financing cost is dragging it down. you need to borrow money since it's so expensive. but all those negatives are dissipating so the stock can work its way higher.

ge nova represented ge's long suffering power business but with power generation in demand thanks to the data center the turbines are flying off the preferable shelves. one day nuclear plants will be built in great numbers. they know how to build small. seven, meta platforms. how can you have, honestly, how can you have a bull birthday party without inviting meta? without inviting smark zuckerberg? i would never think of it. his last conference call offered you a tale that said all ad campaigns will start on instagram and reels. am i going to doubt this fella? no. he uses ai to design the most targeted ads. much better return on investment. we did trim our position on meta for the charitable trust recently but only because we had been so greed which, we'd let it run. i was starting to female like the bulls make money, bears make money but hogs --

we had ceo hock tan on when he went to san francisco. he told an incredible story. i was jazzed about it. but nobody listened. now they listen. stock hit an all-time high today. it's not done. i'd hold on to it. especially since its vmware center helps companies operate more efficiently. nine the cruise lines are as loved as they were during covid. and the best performing group. royal caribbean. cruises are a tremendous bargain whereas hotels and other forms of entertainment have gotten to be too expensive. by the way, airline tickets. there's not a lot of new capacity coming on in the fleet business. they take forever to build these ships. forever. bookings are explosive. you can still buy the stock. and then finally there's one i just have such a soft spot for, arista networks. probably the most unsung of all these winners because it's a dominant player when it comes to

network infrastructure for the cloud but no one ever sees it. it's got a lot of business with the data center. i know this is tiresome but it works. arista hit an all-time high today. i think it's got more room to run because this is the dominant player in all sorts of switches adapters and networking services that people don't really care about but are making a lot of money. so -- oh yeah, this is signed too. you think i'm getting away with just a hat? so a happy birthday dear bull. the themes that have brought you here are still very much alive. but the bottom line, if you're going to buy these stocks i'd go first with nvidia then with broadcom and finally fair isaac. if only because we need something that's not connected to the data center even as we know it will remain a strong story for the ages. let's take some calls. why don't we start with joe in north carolina. joe! >> caller: hey, jim. hey, listen, i just want to give a special shout out, a thanks to all the volunteers, organizations, small and large,

who are helping out in western north carolina. >> you're right, we need them. i gave to red cross because i just like them so much. but everyone should reach in. reach into your pockets. this is the right time to do it. these people need help. how can i help you? >> caller: all right, jim. hey, i purchased ibm many years ago for their dividend. but after they purchased red hat they significantly energized their growth. my specific question is "quantum data centers in the u.s. and germany and their ai order book growing should this continue to be a long-term hold after rising 62% and achieving a new high yesterday? >> it yields about 3. say i wanted to buy 100 shares of ibm over the course of the next year. i would buy 25 and then let it come back down because it's had pretty much of a parabolic move. but i would be a buyer of this move. i think arvin krishna's doing a remarkable job. let's go to sharon in minnesota.

sharon. >> caller: hey, jim, how are you today? >> i am good, sharon, beautiful day in no, happy to be around. what's happening? >> caller: it's beautiful here too in minnesota. so my question is what do you think about affirm in terms of whether it's a buy here? >> sure, sharon, i've got to tell you this is a great question because a lot of people feel it's related to rates. i think it's related to honest ability to be able to judge people's credit, give them credit and then watch and see how well they do. buy now pay later, max loves it. i had max on. i truly enjoy max. i get along with him. i have to admit i've done some charitable stuff in his orientation. and all i can tell you is that i think he's good to go. i like the stock very much. let's go to patrick in tennessee, please. patrick. >> caller: hey, boo-yah, mr. jim! long-time listener and i'm a first-time caller. >> fair enough. how can i help you? >> caller: now, i've always thought of spotify as the netflix of music streaming and i have been running a long time

with it. my question is is it time to cut it down or is that a money train i hear coming around the bend? toot-toot! >> all aboard! >> let me tell you about this, it was up five today. this is how i think, patrick. i was going to say jeff why didn't we buy it for the trust? but i say why didn't we buy it for the trust for so many stocks. but you know what? why didn't we buy it for the trust? all right, we have to take a moment, say happy birthday to this bull market. and if you're going to buy the stocks here, you know what, i like nvidia first, broadcom second and then fair isaac. but there's no slouchds on that list. on "mad money" tonight after dumping it overt past year i'm seeing if samsara can continue to go higher. then we're wrapping up our series on yield earnings growth and evaluation. the final two ideas in our thesis. and you called me and you stumped me on a real cool one called texas pacific land. and i've done the research and i'm ready to run with it. so stay with -- cramer.

>> announcer: don't miss a second of "mad money." follow @jimcramer on x. have a question? tweet cramer. #madmentions. send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.

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why choose a mobile network built for places you'll probably never be... ...instead of for where you are most of the time? xfinity mobile was designed for where you need it most. xfinity internet customers, ask how to get a free 5g phone and a second unlimited line free for a year. it's been an incredible year for samsara. the software infrastructure play. especially with what the company calls connected operations cloud. the system lets the company gain actual insights from the internet of things. it basically lets you connect your physical operations directly to the cloud. find better ways to run your business more efficient. samsara also special ooidss in

beating the earnings estimates. when these guys reported last month the stock soared more than 13% in response. it was a trivg quarter. that's just the latest in a string of terrific quarters. hence why the stock has doubled in the past year including a 5.6% gain just today. i'm always interested in hearing more companies that have access to tons of data like samsara which has probably more data points than almost any company i've ever read about or talked about because this data is what ai models learn from. let's check in with san sanjit biswan. the co-founder and ceo of samsara. welcome back to "mad money." >> hey, jim, thanks for having me on. >> i saw you in the hall last time you were on-i said i've got to have this man on. this is such a great story. what i think is terrific about it is that you literally do have the data and you can do things with it. a lost people claim they have the data. you have it. what i first want you to do if you don't mind, sir, is explain to people how you have this data

and how people use it now and what you think is going to happen in the future. a lost people are buying the stock because of what's going to happen in the next five years versus what's happened already. >> eah, absolutely. so you're right. data is what it's all about. if you think about the world of physical operations these are folks building our energy utilities, the roadways, maintaining our logistics networks. kind of all these different physical operations businesses. they would low to know what's going on in the real world. so we provide sensors for them to get data into the cloud, real-time gps trackers, hd dash cameras, asset trackers, all those kinds of different sensors. and we pull that data into the cloud. we see about 10 trillion data points. so it's a tremendous volume of data. and then like you said we train ai models to go find insights in the data. and the most important part is we help customers take action on the data. so we can do things like improve accident risk out on the roads. so we have customers like home depot that saw an 80% reduction in accident risk by putting this technology out there. we have customers like frontier communications who cut their engine idling. and that saves them millions of dollars in fuel.

so that's how they're able to take all this data and translate it into r.o.i., which for these industries really matters. >> i've got to tell you, i read everything about you that i could and also watched the incredibly compelling videos. a video about a trucking company that has to send produce out, it's got to be timed, the market, the state of maine's there too. supermarkets. and one of the things that struck me is i don't understand the case why you wouldn't -- why you wouldn't contract with you, sir. doesn't everyone who contracts with you get a return on investment pretty quickly and also a lot of safety? >> they do. i think this idea of collecting data about your operations, it's really compelling, it's really intuitive but for some companies it's intimidating. right? they're thinking this is going to be a big i.t. project, it's going to take us years to do. what we did is made it simple. plug and play hardware, easy to use cloud systems, apps in the hands of front line workers and that's how they get their r.o.i. so when it comes to things like risk reduction within the year it's paying back for itself.

most of our customers experience an 8xr.o.i. it's all of these combined. and for a lot of these organizations they didn't know it was possible. >> you're always quite vintive. you have something that i'm sure your very talented people think of and immediately produce az good return. talk to me about asset tag. >> absolutely. so the asset tag is one of our newest innovations. it's basically a small tracker that you can install pretty much on anything. it could be a piece of construction equipment. it could be a toolbox. it could be a fiber splicer that gets left behind at a site. and it piggybacks on the network of millions of devices that we've deployed through our customers and we can now find those assets anywhere in the world. except instead of needing a cell modem which is a little more expensive and requires a lot of energy we're able to use an industrial grade bluetooth network we've built out. that's a kind of new innovation that didn't exist before. we're really excited to bring it to market. but it's something that's possible because of the scale of our customer footprint which now

has millions of devices all over. >> that would be like if someone at a construction site that left a part of, say, a big earth mover there and just kind of forgot about it and next thing you take back your shop and you can't believe you miss and you don't know where it is, instead you've got your company and it tells you exactly where it is. >> you got it. and a lot of our customers there on site with a dozen other companies. it might be -- no one remembers whose earth moving equipment that is. the tag helps you remember it got left behind. you can figure out which job site it was at and you can recover it. that might have cost you $10,000 to replace. now you go pick it up. >> of course i want to talk about the fact that your recurring revenues -- the 37% revenue growth. but it sounds like if you add more products and at the same time obviously you've got customers that love you, that can continue. i don't want to pin you down for a percent but you do have a lot of great growth ahead given what i see from your company. >> we have strong momentum and it is a very big market. if we think about these industries i referred to earlier, we're talking about hundreds of millions of

frontline workers. millions of different companies out there. and we're only a few percent pene penetrated. in that sense we're building for the long term. we see a lot of portland here to deliver more technology and more products. we're very excited. >> i also have to believe that the chaos of, say, what happened in florida companies need you more than ever. they don't know where things are. they want to make sure all the people they have are doing the right thing for safety. they need samsara. >> yeah. and we're proud to help them. if we think about the energy utilities, we're getting lights back on for those 3 million people who were affected by the storm, you need real-time gps tracking and know where those crews are. you need to make sure that equipment is fueled up and ready to go. and sensor data helps with those operational challenges. >> well, i love a common sense company that our viewers can understand that is doing a lot of great things as you are, sir. that's sanjit biswas, co-founder and ceo of samsara. great to see you. thank you for coming on. >> thank you, jim. >> "mad money's" back after the break. >> announcer: coming up, this company passed cramer's rigorous stock screen.

can ups put profits in a tidy little package for you? stick with cramer.

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date gains you've got to be selective about what you buy. which is why i created this three-part test, also known as a tripartite test. 4% plus. faster earnings growth than the s&p 500 in the aggregate. that's faster than 14%. and a price to earnings multiple lower than that of the overall s&p 500 which trades at 21 times next year's earnings estimates which everyone says is a little elevated. we ran the screen we only found nine s&p 500 constituents that could pass the test. but you always need to add your own discretion when you create a list like this one. so far this week i've covered the seven names on the yev list that i think are worth buying. i'll write them down. quality chemical dow. key. good regional bank. huntington bank, also regional. bristol-myers. one of my old favorite drug companies. one oak. and then citizens financial which is also a stadium in philadelphia that is now empty. i have a lot less confidence in the remanning p-two. united parcel services and dom

y dominion energy. ups dealt with the threat of a crippling teamster strike. so they blinked and gave the teamsters what a lot of people feel is a very generous contract. it sure seems like they're losing business to fedex. in the past four quarters ups has disappointed three times fedex was doing fine till it had a tough last quarter. just focusing on ups, though, these guys have lowered expectations repeatedly this year. that's right. slash estimates. when the company reported its latest results in july they delivered a sizable top and bottom line miss and slashed their guidance. management tried to put a positive spin on things touting a trourn volume growth in the united states. but wall street didn't buy it and the stock plunged 12% in a single session. hasn't really come back much since then. don't forget even the better-run fedex reported a difficult quarter in september. so it's hard to be optimistic about ups headed into the next

earnings report in two weeks. so is there even a bull case for ups? actually, yes. and conveniently we got it from analysts at citi earlier this week who initiated coverage on the transportation logistics sector starting with a buy quite surprising and $162 price target for what's a $132 stock today. they point out ups has the highest touchdown in the group with a strong balance sheet and the company is starting to annualize its labor cost. the other day management laid out some bullish financial targets back in march and if the company hit those numbers ups could be a huge long-term winner. but i said that's a pretty big if. do you really want to bet on ups hitting its financial targets when they've missed them so frequently over the last year? normally this is the kind of stock that would work when the fed cut cuts interest rates but i need to see some better execution before i'm willing to endorse it and i really want to because i like that yield. but not yet. finally dominion energy which passed the yev test with flying colors. this is a gas and electric utility in virginia, north carolina, south carolina, small gas utility business in south carolina and a big clean power

generation business, one that includes a nuclear plant. one with some wind, solar, renewable natural gas. i actually used to like dominion a lot. this was a great growth utility for many years under the leadership of former ceo tom farrell. long-time friend of the show before he retired as ceo in 2022. he stuck on as executive chairman but april 2021 farrell tragically died after a battle with cancer the die after he retired. after that dominion seemed a bit lost to me frankly. in late 2022 the stock started to slide but only shaved off more than half its value before it bottomed more than a year ago. since then it's done much better. stock's up 42% from its lows last october and management conducted a top and bottom line business review in order to come up with a new strategy. the problem for dominion was its business just got too sprawling with the utility business plus so much other stuff natural gas, storage and distribution not to mention these renewable energy assets. they invested heavily some n. some expensive solar project and some very complicated offshore wind projects they also spent heavily to improve the regular power grid so suddenly the

company was spending enormous sums of money. plus in 2022 anything related to alternative energy was just killed. but now they've simplified the business significantly. dominion sold off most of its natural gas business at this point, netted them a little more than $14 billion. going forward dominion wants to be a pure play ralkted electric utility with a power kicker. i think that's a terrific idea. right now we have immense demand for electricity in this country. dominion's service area includes northern virginia meaning they sell power to the world's largest data center hub. according to bloomberg new data centers in the area face a seven-year wait for dominion power hookup. seven years. which tells you there's insane demand for power. of course dominion needs to make some large investments in order to be able to handle that demand but they've got a bunch of money from selling off their natural gas businesses. i think they can afford it. that said, i'm not super thrilled about the strategy because many of these natural gas businesses were excellent. especially the pipelines and their state in the liquefied natural gas export facility in chesapeake bay. i still need convincing on those expensive offshore wind

projects. management says they're largely completed. i wouldn't start one now. overall i'm warming back up to dominion energy as much as i like these natural gas assets they need to simplify the business. electricity was the right call. plus it pays a nearly 5% yield. so here's what i'll say. it's been nearly 2 1/2 years since we spoke to many doinion energy's ceo. so now i'm issuing an open invitation to join us, tell us why we should look the new dominion that he's created. that may be the last thing i need to get fully on board because i really love the utilities here. but the bottom line when you screen for yield earnings growth and value and you make that screen incredibly harsh like we have, you wind up with a list of seven great stocks, one not so great stock, ups, and one i have to tell you i'm intrigued even though i'm not quite ready to recommend it and that's dominion energy. let's take calls. why don't we start with peter in pennsylvania? peter. >> caller: jim, as a club member and long-time viewer thanks for helping me fund my grandchildren's 529 plans. >> thank you, peter. and i'm so glad you set up a

529. i always encourage people to do those things. i don't talk about personal finance enough. 529 great idea. how can i help you? >> caller: i've had nucor for a while. with interest rates dropping i would think construction will increase, which is good for steel. what do you think? >> i think you're right. i think steel is very weak in the country right now. it's probably the weakest large market there is. that said, that's when you buy nucor. i like your idea. i think you buy it you put it away. great management. good call. let's go to ann in washington. ann. >> caller: hey, how's it going? >> not bad, ann. how about you? beautiful day here. had a real good day. kind of living like that these days. what's happening? >> caller: well, hey, i am invested really heavily in the magnificent seven and i got a tip from my dad who's a very good investor and watches your show about bt for getting more dividends and it's a strong stock. >> your dad is dead right. dead right. 8% yield. goes down more, buy more. it used to be very difficult. kelsey warren did a number of

deals. those days seem over. it's just a good solid natural gas. a lot of things i really like. i'm trying to remember whether he did turn it into a corporation or not. you about i want kelsey back on. mr. warren-i know i was tough on you. you loaded up with debt. but you've done a great job. please come back on the show. after running our screen for yield earnings growth and value we've come up with a list of some pretty great names but one that maybe isn't so great yet is ups and dominion, a utility that's intriguing me even if i'm not ready to fully recommend it. there's much more "mad money" ahead. you tipped me off on a company called texas pacific land. i did some work on the story and i'm ready to reveal my thoughts on the stock. then it drives me nuts how people get so obsessed with every single macro number including myself sometimes. i'm sharing how you should interpret the headlines when managing your money. and of course all your calls rapid-fire in tonight's edition of the "lightning round." so stay with cramer.

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these men of means with their silver spoons, eating up the financial favors of the 1%. what would become of them when they discover robinhood gold allows others to earn their very liberal rates on idle cash, unlimited deposit bonuses and handsome retirement matching? they would descend into chaos. merciless chaos.

before earnings season officially begins tomorrow i want to clear up some of last month's homework assignments. stocks people asked about where i couldn't give them an informed response without doing more research. nearly a month ago really interesting, steven in new york asked me about texas pacific land trust. i promised to come back to it after learning more about the story. now, this one is interesting. texas pacific land corp. is the corporate successor to texas pacific land trust which was formed way back in 1888 when a planned transcontinental railroad went bankrupt. the texas and pacific railway was never completed but they had

a really great bunch of contracts with texas, california, arizona and new mexico. that granted them sections of land for every mile of rail built. even though the company went under they laid 972 miles of track which translated into 3.5 million acres of land in texas. that land was put into a trust for the benefit of the bond holders who eventually started laetzing their acreage to oil prospectors. huge business. which is why the trust certificates were listed on the new york stock exchange back in 1927. ultimately the texas pacific land trust spun off its underground mineral rights as txl oil which was bought by texaco which in turn got bought by chevron. however, the trust contain a non-participating interest under certain tracts of land. and that land happened to be in the permian basin. a once moribund region that came roaring back to life a decade and a half ago as the fracking revolution made it the hottest oil acreage in america. texas pacific stock took off about ten years ago and it has not looked back since. they even converted the business from the old trust model to a regular c corp. a few years ago. it's a really corporation like

most we talk about. the modern corp. is one of the largest and owners in the state of texas, got 873,000 acres. it's mostly in the permian. they're basically collecting rent from oil producers and pipeline operators and anything related to the industry in the region. that's become a darn good business thanked to the fracking revolution. they just sit there and get paid as oil producers use their property. it's ridiculously profitable. tpl's land management business has seen its earnings growth from 37 million in 2016 to 307 million last year. $307 million. their water service business where they supply these hydraulic fracturing operations with water barely existed in 2016. last year it did 99 million in earnings. now as tpl started throwing off more cash the company became extremely generous to its shareholders. since the end of 2019 they distributed a little over $1.08 billion to the shareholders via dividends and buybacks but also d. employ capital when they see a good opportunity. they invested $300 million over the past few years to set up that water business. it has been a home run. they also occasionally buy more

land in the permian. a couple months ago with cash spilling out of tpl's corporate coffers the company announced a new target cash in the equivalence battle of $700 million. when the cash balance gets above that level they'll seek to deploy the majority of their free cash flow toward buybacks and dividends. in the same announcement tpl told us the board of directors had approved a $10 per share special dividend. all right, not that significant because this is indeed a $1,000 stock. but it still makes -- by the way, when you see that just buy one share. buy ten shares. i could have bought oneshare of berkshire hathaway for $225 when i started this business. think about that. what makes texas pacific land corp. a little tricky is the fact no analysts currently cover this company. this tl was one analyst that previously covered it, stifel's derek whitfield but he suspended coverage earlier this year. no earnings estimates. but i can tell you through the first six months of 2024tpl delivered 9% revenue growth, 19.5% operating income and 22.8 person earnings per share growth. i find it a bit tough to value.

for quick reference it earned $52.77 per share last year. if we assume it keeps going at a 22.8% clip like it did in the first half we get a rough 2024 earnings estimate of just under $65. that means the stock trades at the envelope earnings estimate for 2024. if you want to be extra conservative tpl selling for 19 times last year's numbers. but is that a good price? sure seems like it to me. for reference exxon moelk and chevron trade at 15.4 and 14 times this year's earnings estimates. so tpl's right in that same neighborhood even though i argue tpl ace much better business model than the integrated oils. much higher margins. the oils need to invest heavily in finding oil and drilling for it and pumping it out. tpl is just a land owner and water utility in one of the most oil rich regions on the planet. they could do nothing and still make a killing. the only thing stopping me from recommending texas pacific land corp. if not retiring from this job and putting all my money into tpl shares is the fact we'd be chasing the stock.

it's up almost 94% year to date. wow. people just discovered this and piled into it. even since steven in new york called on september 13th the darn stock's gained 24%. sorry about that, steven. so yeah, this thing is hot hot hot and that does make me nervous. i don't like parabolic moves. then again why shouldn't tpl be on fire? the price of oil's made a big comeback in the last two weeks and that makes this incredible business even more lucrative. texas pacific land corp. say terrific company with a stock that's gotten too hot for me to handle. i'd love to say you should wait for a pullback but you might have to wait for a very long time. if it were me then i might put a very small position, one share, two shares in case it doesn't come in, then wait for a pullback. maybe buy more at a lower price perhaps as part of the next marketwide sell-off. and to steven in new york and many of our fabulous viewers, thanks for putting me into new companies, new ideas. texas pacific land corp., so glad you put it on my radar. it's a good one. "mad money's" back after this.

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now, we look to the horizon and we see the way forward. it is time! time for the "lightning round" on cramer's "mad money." calls, say the name of the stock, buy buy buy, sell sell sell -- play until we hear this sound. and then the "lightning round" is over. are you ready, skee-daddy? sometime for the "lightning round" on cramer's "mad money." start with ben in north carolina. ben. >> caller: boo-yah, jimmy chill, how are you doing? >> doing well. how about you, partner? >> caller: doing great. doing great. i've got a question about ticker symbol odfl. p/e ratio of about 33. trading in the lower 190s.

buy, sell or hold. >> i think old dominion is going to have a good year. transports are well underperforming the s&p 500 but i do prefer the stock of union pacific. how about we go to jeremy in north carolina? jeremy. >> caller: is this the man of chill himself? >> it is the chill man. thank you for saying that. my kids call me chill because they know that's exactly what i am and always have been ever since they were little. all right. let's get to. okay? >> caller: absolutely. hey, jim, i know we care -- i know we don't care where a stock's been, we care where it's going. still in a house of pain, down about 19% on this one since i purchased it a kwul quarters ago. micron, m.u. >> micron had an amazing quarter. believe it or not, even though it was up about 19 points that first day when they reported that quarter, i still think it's a buy. sanjay marotra is fabulous. i love sanjay. wish he'd come on the show soon. i miss him. let's go to daniel in new york.

daniel. >> caller: hey, jim, how's your life going? >> well, i don't know. how's yours? >> caller: it's okay. >> my life is good. i had a great call with my wife today. she's not mad at me. that's a good day. >> caller: happy to hear. >> absolutely. >> caller: this company's mainly in the business of leasing cell phone towers. been trading poorly. i think because of higher interest rates. american tower, amt. >> i wish it were just interest rates. frankly i read a piece last night about how there is slowing tower let's say conversion. there are fewer towers being put up. and fewer telephone companies taking -- giving them orders. i'm going to say it's more than that. that's why i've got to say -- i've liked this stock. i don't want you to touch american tower. let's go to hassan in georgia. hassan. >> caller: hey, mr. cramer, what are your thoughts on halmet aerospace? >> halmet is one of the greatest stocks of our time. what an incredible turn.

and we don't even -- we don't call it hal met. we call it how i met my mother. i think that company is terrific. one of the greatest performers on the s&p and it's going higher. isabel in california. >> caller: boo-yah. i remember talking to you when i was a little kid with my mom being how scared of how excite you got. now i'm a member of the investing club. >> fantastic. >> caller: my question is about m.o.d. manufacturing. it seems like it just keeps going up and up. what do you think? >> i've got to tell you, it's like carrier. it's like train. it's like vert ig. like dover that we own for the trust. one of these great metal bending companies that make heat exchangers. they make original equipment and applications, stuff that's really boring, and we make that stuff great and this is ai fantastic american company. i would buy the stock. let's go to amy in maryland. amy. >> caller: hi. thank you for taking my call. >> sure. >> caller: caller and a club member. >> oh, thank you. >> caller: i bought adma

biologic. it's $3. and it was $20 the other day. and all of a sudden today it's down to 16. should i sell it or keep it? >> here's what you do. listen to me really closely. this is a very speculative stock. what you want to do is you want to take out the money that you put m. that's called the house's money. you take that out. you can let the rest run if you want to. i would probably split it in half. the company doesn't have any earnings. i don't like speculative stocks. but at least if you take the cost basis out you can't lose money. let's go to rich in virginia. rich. >> caller: boo-yah, jim. >> what's up? >> caller: first-time caller, relatively new investment club member. and i'm already making money. >> thank you, buddy. >> caller: thanks for the tremendous insights, the really entertaining show and my condolences on our phillies losing last night. >> it was a rough night. jeff marks and i, very rough night. >> caller: the question is about a stock i do not own and wanted

to know if you consider it a buy. it's h-o-o-d. robin hood. >> i don't like the makeup. a lot of options business and a lot of crypto. but that said they've captured the imagination of a lot of younger people and a lot of the the older people have not been able to do it. so my hat is off them and i say buy the stock. let's go to evans in hawaii. evans. >> caller: aloha, mr. cramer, from the big island of hawaii. >> oh, mahalo, my friend. how can i help? >> caller: you've been the big kahuna in my financial life ever since my dad put me on your show ten years ago. thank you for that. >> thank you for watching. >> caller: while many of us wait for a possible eruption here, what we really want is an eruption in cvs. do you see that happening with recent trimmers and activist investors and potential break-up? >> here's wait i feel about it. when we had karen lynch on, i worked for about four or five hours before that interview. i hit her with everything i had, tried to make sure this was going to be right. she came back and answered every question. i think there's real value here. do i think it's going to be able to happen quickly? it is a real turn. but i think there's real value

here and i think people should know she's doing a good job and that's how i feel. and that, ladies and gentlemen, is the conclusion of the "lightning round" chlgd! >> announcer: the "lightning round" is sponsored by charles schwab. coming up, the cpi grabbed today's headlines. but something even bigger starts tomorrow. cramer reveals it. next.

if you're trying to manage your own money, you have to stop obsessing about numbers like today's consumer price index reading. first of all, the cpi's made up of so many hard to parse components that you might end up selling stocks based on the elevated price of sports tickets or the cost of a tie at tj maxx. second, it doesn't matter anymore. we had the big concern about the stuff when the fed was on the war path either raising rates or leaving them higher for longer. now, though, the fed is your friend. so i wouldn't obsess about the details. aside from the labor report which is still generally important. these days it feels like we've all become fed watchers which means we've all become hacks. a hack is someone who'd rather rely on some spoon-fed government data than do any homework about what's happening at actual companies. even auston goolsbee the trnt of the chicago fed told us not to focus on this number this morning because the fed won't key off it. it drives me nuts how people get so obsessed with every macro number that comes across the screen. you have to care about this stuff when the fed's raising

rates. it can be very important when we're in a rates high hike cycle you're trying to figure out when it's going to end. but we're not in that cycle anymore. we're in a rate cutting cycle. the fed gave us a double rate cut last month and whether or not we get another cut at the next meeting we know the general direction is down. sure if we had a huge spike in the cpi this morning then maybe the fed would change its stance but that would have to be an extreme reading and there's nothing extreme about today's 2.4% inflation number. just a tick above the expected 2.3. still down from the 2.5% read the prior month. if the cpi's not screen you know what? you can actually ignore it. especially right now. because earnings season kicks off tomorrow. never forget we're in the business of investing in individual stocks, not betting on the cpi like some sort of draft kings over you've got to take or the under. i think we in the media often steer individual investors in the wrong direction. we treat every data point like it's sacrosanct, that somehow they're all created equal. we can be part -- direct your attention to things that have nothing to do with picking stocks. our bad.

for example, we need to get our heads in the game if we're going to figure out whether it's work pulling the trigger on financial tomorrow. when the big banks start reporting. but if we can't do that, if we're poring over the cpi going over the cost of insurance or used cars or the price of eggs we're not doing our job right. at this point in the business cycle none of that stuff is relevant to the broader economy or individual stocks or frankly your portfolio. when you see the producer price index tomorrow morning at the same time as you see ez that fraerngz wells fargo, bank of new york, blackrock and jpmorgan, you need to recognize they are not equivalent. they don't cancel each other out. the earnings matter and the ppi is just not that important till maybe when the fed's finally cutting rates, something that's not going to happen anytime soon. this morning on "squawk on the street" i lamented to my partner carl quintanilla i never bought any blackrock stock for my charitable trust. i got distracted by the fed comment rirks the macro numbers, the hotter ppi or cpi, whatever that's cost my charitable trust more than any individual errant stock pick. i missed opportunities because i was focusing on the ephemeral and not the substantive. of course it's hard to convince

you not to focus on these numbers when the business media covers them extensively me included. they may be whipping around the bond market which does make small moves on many macro numbers. but you should only play that game if you're an institutional investor. you don't need me for nap i'm confident i would have made a lot more money for the trust if i just focused on the individual companies and not the macro data. with the sole exception of the labor report which again does influence fed policy. so forget the macro, people. the not that meaningful when the fed's cutting rates. keep your eyes on the prize, earnings. at the end of the day the earnings are what control stock prices long term and stocks are what we're trying to make money on. i like to say there's always a bull market somewhere and i promise to try to find it for you right here on "mad money." i'm jim cramer. see you tomorrow. investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪