obedient on everything but fantastic to have here. thank you. >> thank you. >> let's go with emerging markets. i think the debate on china is a big part of investing, but i think more broadly, stable u.s. growth, more benign fed even if it is more hawkish these days, em is at 2 1/2 year hice and i think some the waiting for the catalyst. >> rebecca. >> i will take the other side of the china happiness tomorrow and stay long, gld, gold. >> dan. >> netflix, up 25% in two months. i would probably avoid. >> steve. >> spenceruexperienceual retail holding has a couple of highs this 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." i'm just trying to make you a little money. my job is not just to entertain but to educate. call me, 1-800-743-cnbc. tweet me, @jimcramer. never get tired of all- time highs. we are experiencing a time for the market which is what i said would happen when the fed starts cutting rates when the economy is still solid. that's how you get days like today. the dow gained 410. the s&p is up 6.1. the numbers were spectacular. this has happened before but because the fed was in a tightening cycle the good news did not matter. now they can extrapolate better ties. that's why the strong earnings from wells fargo, j.p. morgan, and blackrock were

greeted with such a positive reaction. it wasn't like that early warning when it was initially unchanged. wells fargo stock was getting hammered. although blackrock was so extraordinary it wouldn't give up any ground. once we had the conference calls from j.p. morgan and wells, we thought maybe the best was to come. then we were off to the races. what is the pattern of this nascent earnings season? we will find out soon enough. we will see if the positive action will be sustained which brings me to our gain plan. on monday we focus on earnings. there's a lot of stuff that happens. the chinese stimulus package is set to be unveiled. the rally is stalled but it can get going again if they keep throwing stimulus at real estate and the stock market. the only two i can count on are the chinese amazon and chinese

google. we will have a big test on tuesday because charles schwab, goldman sachs, bank of america, and citigroup report. the bond portfolio issues for goldman sachs are past tense. i feel very lonely, maybe this is the quarter where people finally look at the future and how fabulous schwab franchise really is. i can't be sure but they should. as for goldman sachs, i think it will blow away the numbers and the stock will go higher. inc. of america had a big one today. one buffet had sold so much that he's under 10%. that will help immensely. it wears you down to see that warren buffett sold some shares every few days. you never want to be on the other side. bank of america may have on the upside because it was up 5%.

the street has fallen in love with the stock of citi. she is turning citi around. hard to remember when i've seen so much confidence in an institution. next week is not all about thinks. we have united health group. they are the only health insurer that regularly beats earnings. when this one misses the stock barely goes down. when it beats, the gains are huge. speaking of healthcare, johnson and johnson caught a big break in the talk lawsuit. a judge has allowed them to contain the damages and it's been held in texas. much more friendly than new jersey where a lot of people thought it might be. is this the end of the legal overhang? it could be and we can focus on earnings again and when we get those we will like what we see. we probably won't like what we see when we get them numbers from walgreens.

is the bar so low that maybe it won't even matter? it has been that bad. the travel trust owns the two big stocks for wednesday. morgan stanley and abbott labs. the bears kept tearing apart the wealth management business but not anymore. ever since the new ceo we have seen buyers swarming on any weakness. it still yields 3.3%. i say hold on for the ride. abbott labs is in litigation especially for baby formula that plaintiffs claim causes grave harm or even death for their instance. the fda, nih, and cdc came out and found no linkage or conclusive evidence that abbott's formula cause the illness. they lost a case and i think they could lose another one but these comments could turn the tide in their favor going forward which would be worth a great deal to this $116 stock.

please don't forget. i will go over these, when i see myself it is awkward. we have the cnbc investing club meeting on wednesday. we will be awfully busy. there's a host of things to say about the fourth quarter. you will want to watch. i promise to keep it rolling. on thursday, taiwan's semi conductors. this is the company that manufactures nvidia chips. the times are different. forget the alarm. i just won't go to sleep. then we get results from netflix. the street has been all over the place with this one. i think it will be good because of the new at tier and they are about to release squid gain 2. i'm told it will be a guaranteed blockbuster with subscribers around the globe. friday we hear from procter & gamble. last quarter there chinese numbers were terrible. the stock went up to 171.

we stalled for the travel trust this weekend i think there are better places to be. sure it is up in the high single digits on a percentage basis but they've had a tough time because oil prices could be low and you don't want to go against their. finally, one of my favorite companies. american express. the last two times it went down i told you to buy it and i was right. they have so much information about who was spending and what they are doing. if this one gets hit i will tell you to be a buyer. here is the bottom line. we are at the beginning of one of the year's four reporting periods. probably the most exciting. i can't believe i still get fired up but man am i ever. us into the calls, ponder a moment, and only then should you pull the trigger. marcus and new mexico. >> jim, how's it going?

>> i'm coming in hot. how are you? >> coming in hot as well. sorry about your phillies. i hate to see them go out but i think the 76ers will make you happy this year. >> i used to be -- i sold cokes and ice cream at the stadium. i love the phillies. my mom and i loved to listen. that's what we did together. how can i help? >> the stock i'm calling about is vertex pharmaceuticals. i know that jenson wong is super excited. i want to know if it's a quality company? >> the thing you need to know about vertex, it comes down to whether the anti-pain drug is not habit-forming and no side effects. i am a believer of vertex. at 300 i got the call to buy

them but i was at the super bowl. you get these random things people say and you write it down and you don't follow up and you are the worst for it. viewers and viewers of the stuff i have written and talked about have made me more money than i will say. let's go to robert in new york. >> funny story. i was having a phenomenal dirty martini in manhattan. i'm sitting at the restaurant and the guy next to me said what are you doing? i said, i'm calling into the greatest stock eye on wall street, jim cramer. he turned around and said that guy is right 95% of the time. this was two seconds ago. it's not made up. >> let me give you my american express card number. i have to thank you. you made my week. honestly, it's been a long, hard week. you made my week. drinks all around. water, water, you get a water.

you get a water. and a dirty martini. let's have a dirty martini. >> anyway, this company provides observability service for cloud scale applications. they have 28,000 customers and cash equivalent over $3 billion. they've been eating every quarter i think they are well- positioned. you were not that crazy about them in august. you said it's a good company. i don't know if i can trust them, but i think you can because they have been proving themselves. datadog. >> it is a good company. i don't like enterprise software but if it has a dog or in animal name people are just, like, wow. enterprise software ebbs and flows. tell that 95% or, i wish i were

that good. i think you. we are just starting earning season. be sure you wait a moment before you do any buying. have your models ready and look at the number. last night tesla held its we robot event. the stock fell in response. i will break down my key take away. then you called me on bellring brands. i had to do my homework on this one. i am turning my home or get on the company behind premier protein and power bar. we will play my favorite gain which is am i diversified. stay with cramer. don't miss a second of mad money. follow @jimcramer on . send him an email or give us a call

at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial.

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last night tesla had its long anticipated we robot event, the big unveiling of the for the robot taxi. the stock has declined 8.8%. remember, tesla needed a win. there just was not as much demand for electric vehicles. ev growth was slowing and tesla, clobbered as it faced competition from the slowly growing pie. some of these from china are incredible. tesla saw its delivery shrink

for the first two quarters of the year. they were only up in the third quarter because they were lapping up and production from the year before. it bottomed at 138. so what happened? elon musk change the conversation. even though they reported a disappointing quarter they pivoted talking about self driving cars. it all pivoted on this event. that is the whole reason to own the stock. something elon musk admitted on his first call. that turned it around for a while. people liked it. it nearly doubled in three months but when tesla reported another weak quarter in july and announced that it was delayed until october the stock went into another tailspin. of course, it bottomed again within a month and started ramping. that move us all about anticipation for a rate cut cycle from the federal reserve

and the taxi event. when the we robot event arrived the market was not impressed. anybody that watched it, it was visually stunning. there were three pieces of hardware that debuted. first was the taxi, a sleek two cedar coupe tyke -- type vehicle. it will cost less than $30,000. small business owners can buy a whole fleet of them. we took a ride around and attendees had a chance to ride in and. nothing truly surprising. the surprise was a new bus like vehicle that tesla is calling the robo fan which can carry up to 20 people and transport goods. the coolest piece of hardware we saw was the humanoid robot.

the tesla bought optimists. it's always cool to see the latest generation. they were dancing and serving drinks. musk reiterated that they will be for ale at scale and will cost around 20,000 to 30,000. he said it can do, quote, anything you want. it can be a teacher, babysit your kids, mow your lawn, serve drinks, whatever you can think of. i can use one of those. this was stunning. musk put the vision and visionary. what about financially? tesla has a big problem. the electric vehicle market was not what they thought. if they want to pivot to self driving cars they need to flush that out. we did not get specific details. one of my favorite analysts

from morgan stanley, adam jonas, has been a tesla fan but published every action note. it says disappointing lack of detail. it's hard to get self driving technology to work and even harder to roll it out because you need to get local governments on board. the moment there's an accident, all of the politicians panic. this autonomous version will be available in texas and california next year. atlanta will use it. when asked about the robot taxi, this is really jarring. >> we expect to be in production with the cyber cab which is really highly optimized for autonomous transport in, probably -- i tend to be optimistic and time frames, but

in 2026. before 2027. let me put it that way. >> that did not inspire a lot of confidence. there was no timeline for the other stuff, including the robots. not many people can get away with what he just did. because he's a genius we will look the other way, but that was not good. there was not a lot of substance to that conversation. it's not hard to get a self driving car to drive a closed loop. i think it is pretty good but they did not too much to prove it. this is important because google has a whole fleet of autonomous taxis. we were in one in san francisco and i thought it was fantastic. plus with pricing there was little to no detail on the economics. he gave some info about average operating cost. if that is true

the cyber cap does have a major cost advantage which uses the lidar systems. he was claiming it would have an average operating cost of $.05- $.10 per mile. he did not give any evidence. the market reaction tells you all you need to know. not only did the stock almost dropped 9%, but uber which faces and existential threat from cyber taxis, reached all- time highs. they are not confident it will be ready anytime soon. without that tesla is back to be an automaker. all that said, i've been following tesla for a long time and the best time to buy is when everybody is downing elon musk. we heard from jenson wong that

musk is investing in autonomous infrastructure. i would not be a buyer after that event. i would not short tested either. it is way too dangerous to bet against him. even though the robo taxi event was gorgeous, we did not get enough detail to justify treating it like an anonymous business. for now, i recommend staying on the sidelines with this one. there's not enough specifics to hang a hat on. mad money is back after this. coming up, is this company the belle of the ball? cramer gets his reps in on a power stock that is packing the protein.

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before we get bogged down with a flood of companies reporting as earnings season goes into full swing. i'm turning in one last homework assignment. last week eric in utah asked me about bellring brands. i told him i needed to do more work. this is a nutrition maker with a big profile of ready to drink protein. this is the iconic packaged food company. post-ipo with the minority stake in bellring brands, this was a growth division they

figured would get a higher multiple. about 2 1/2 years ago post spinout bellring by distributing the remaining stake to shareholders. since then, the stock is up more than 350%. now it's getting a 150% return. i love breakups. luckily for you home gamers and me, will ring brands has an incredibly simple business. like eric and utah told us they sell nutrition products. the big brands are premier protein and dymatize with most of it coming from ready to drink protein shakes and the rest coming from protein powders. there are some recipes on the website though i'm not sure i'm ready to make the leap to protein pancakes. now with these drugs that can

cause anybody to lose enormous amounts of weight, you are not just losing fat. you are also losing muscle. you need protein. the shakes and powders are some of the most efficient ways to make that happen. you could just eat a lot of meat but the glp-1 make it difficult to eat a lot . these protein shakes are in 14 flavors including seasonal like pumpkin spice. hard to resist this time of year. they contain a whopping 30 grams of protein, 60% of recommended daily intake. this business is on fire. premier is the number one brand in the ready to drink protein shake business. the people on the drugs need this. they already have 19% household penetration. growth is driven by consumers, new to the category.

i think many of these people are taking glp-1. combine that through the growth we are seeing and there's a lot to like here. the other big brand is more targeted at fitness enthusiast mike christian mccaffrey who is a spokesman. lots of hard-core protein powders. let's get down to brass tacks. how much comes down to glp-1 weight loss drugs. while they did not talk specifically at it and analysts noted in a call back they acknowledged that the adoption of these drugs contributed 100 basis points to the growth of the business. nothing crazy but it is real. notice bellring's products are designed to help with weight management, not weight loss. that's why they had christian mccaffrey, a football player. i hope he gets better back as fast.

these are jampacked with protein while not being too filling. the premier protein brand approach to marketing as a lifestyle fitness brand seems to be paying a dividend while competitors like some fast are falling behind. you can get a 15 pack for just over 20 smackers. less than two dollars per drink seems like a steel to me. so how do we value this? i'm excited about the exposure but it's not like it's a new thesis. in this business they tend to skate to where the business is going. they are fighting for market share with some heavy hitters. there's fair life that makes protein powders but more importantly they belong to coca- cola. just like bellring's premier protein brand they appeal to the lifestyle fitness

demographic. i have to say they have done a good job getting their product in from of the consumer. their biggest customers are costco, walmart, and amazon. that is about 75% of their sales last year. the category is still small enough that leaders in the space should be able to deliver outside growth. you are not getting a pure play on these protein shakes by investing in coca-cola. that's what makes bellring so interesting. so where do i come down? you've heard me talk about the glp-1 and i always tell you to get eli lilly. this gives you something you can't find anywhere else but because it is a pure play and the stock has gotten expensive at an all-time high up 50% over the last year it is pretty pricey. given that wall street only

expects them to earn at a 10% clip, if they are growing at 10% i would not be willing to pay more than 20 times earnings for stock. then again, maybe somebody like pepsi will acquire them to compete in the space. it does explain why the stock could be up so much. here's the bottom line. bellring brands has a great story. if you like this one please wait for a pullback before you pull the trigger. maybe coke will make some comments about protein and take down the entire group. either way, put it on your shopping list and wait for a selloff to give you a better price. once again, i think a fabulous viewer for a fantastic idea. amy in pennsylvania. >> booyah, jim. how are you doing? >> i am absolutely awesome.

me and my husband watch you all the time. >> fantastic. i hope i can help you. >> my husband has been in stocks for quite a few years. he gave me x amount of money a few years back and said to pick one. so i picked mcdonald's. i've had it for four or five years. i'm wondering if i should keep it or whether i should sell it and try for something else. >> first of all, you have a great american company. second, i would not touch it. when the stock dropped to 280, 290 i thought it was going to be a rocket ship. it went down a little bit more and it has soared. you caught a great run. don't do anything. just hold on. they have that five dollar burger and it is crushing it. how about craig in california. >> mr. cramer. happy friday and a big, beautiful booyah. >> you are so kind.

thank you so much. what you have? >> my stock is walmart. i'm up huge on this bad boy but i know i have to trim it. i'm being a pig. do i take my profits off the table and let the rest run or do i pivot out of walmart? the second part of the question is i am looking at retirement and i have a financial advisor saying i should take 50% of my equities and put it into bonds as i get ready for retirement. is that the right strategy? >> there are people that have different ideas. i like municipal bonds. i always like to bet with myself and not against myself? i want you to have a lot of happy life. to do that you should have some equity exposure. i am at the thought at 75% because i would hope for the best. walmart, i would not touch. it's a great company. if you are being greedy take

out your cost base but otherwise if you ask my advice all i can say is one of the best in the world. i think you for your confidence. i think your advisor is doing the right thing. i have a different view, that's all it is. i think bellring brands has a terrific story. if you do like this company i recommend waiting for a pullback. next is your portfolio ready for everything the market has? i am putting holdings to the test when we play am i diversified? i always learn a ton from black rock. i spoke to him this morning. all of your calls on the rapidfire edition of the lightning round. stay with cramer. awkward question... is there going to be anything left...

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for you home gamers i want to make sure you are taking advantage of this recent run. that's why we are playing, am i diversified. you call me and tell me your top five and i tell you if you are diversified. we just want you to be focused on many different sectors. dennis and michigan, when you got? >> jim, how's it going? >> it's a great day here. how are you? >> things are doing really well. thank you. >> that's what i like to hear. >> club member, by the way. thank you and your amazing staff. >> i could not do all this.

thank you. go ahead. >> my top five are uber, broad calm, eli lilly, energy transfer, and palo alto. am i diversified? >> let's look at this. broadcom hit its all-time high. eli lilly is doing great. uber, that sort on the idea the cyber mobile is not so special after all. biscuits interesting. let's do energy transfer. we had that last night. i invited him on the show. it's doing very well. oil and gas, networking, drug, transportation. the question is is there an overlap between palo alto and broadcom? we talked about that this morning on the morning meeting. this is a different part of

technology. i will say that cybertek is not the same as networking tech so that portfolio is excellent. let's go to pete in delaware. >> hey, jim. thank you for taking my call. i also want to wish you a great weekend and hope you have a great time. >> thank you, same. >> i wanted to ask your opinion about us some of my holdings that i think i'm getting a little top heavy. they are advanced drainage systems, wms. >> that is a good stock. >> lamt vascular. american tower and blue bird

corp. that is the vehicle. so transport is very speculative. insurance companies reference this morning as one of the best in the world. i think that's important. this is an infrastructure that i like very much. this is a worry. i heard this week that they are not renewing enough tower. the tower business, not renewing enough contracts with the companies. i'm worried about that even though it is diversified. you have telephone, infrastructure, insurance, bio and transport. i've liked american tower for a long time but i'm worried about it. the rest can stay as long as you realize what a speculative player have. joseph in new york is next. >> hey

booyah. i want you to tell us if we are diversified. we've had these holdings for a long time. they are at fee, american electric power, energy transfer, hva and huntington, and nvidia. >> so american electric power has been the king for years and years. after we decided dominion was not as safe. huntington, we have that company all the time. they do a fantastic job and it is a good yield. energy transfer, that is a good job also. 8% yield. nvidia which is maybe the greatest growth story of our lifetime and abbvie which is a quintessential terrific

company. it was split off from abbott. this is the pharmaceutical side. we have pharma, tech, oil and gas, power, and we have a bank. joseph is completely in the clear. no possibility of overlap. why don't we hit the west coast with jim in california. >> jim, how are you doing? >> well. thank you. >> happy friday, booyah. first-time caller and longtime listener. my five are costco, amazon, apple, dell, nvidia, i need some of that cramer magic. >> let me see what i've got. let me see. costco was down a lot today. the club members are saying, you aren't going to get another break in costco. apple, own it don't trade it.

nvidia own it and don't trade it. i am not going back on that. amazon, it's a retailer. elf, the stock has been very rocky. there is obviously a chinese component. if you have a president trump you believe their gross margin will go down. retail and retail. what do we do? we like this tech tech. this is troubling but because it is a friday special i'm going to grant permission to own both costco and amazon. have a great weekend. coming up, hit us with your best shot. an electrified fast fire lightning round is next.

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powering possibilities. lightning round is sponsored by charles schwab, trade brilliantly. it's time for the lightning round. we say buy or cell. we play the sound and then the lightning round is over. are you ready? time for the lightning round. let's go to joe. >> jim, good afternoon and happy new year. how are you? >> same to you sir. i'm doing fine. great to talk to the callers. how can i help? >> i am anxious for next week's monthly meeting on wednesday. i'm getting my question ready

and prepared to send off to you and jeff. thank you for doing that for us. my stock is bowing. you saw the big news this afternoon. 10% workforce production. the stock is at a seven-year low stock price. they've got a strike going on into month two. they have not had a profit since 2018. >> i am worried. let me tell you why i'm worried because the balance sheet is not great. they should have raised capital when they had a chance to. it was jarring news and i don't have any conviction whatsoever that they are getting this right. it is one of the major things we have to watch for real trouble in the next few months. let's go to gn in florida. >> booyah. >> booyah.

>> i have my grandson who is also in the investing club and has a question for you. >> jim, booyah. >> booyah, jian. >> what do you think of palo alto network? >> that is a good one. the ceo was talking about the stock doing about show. i think it is sensational. let me also say, i think george does a great job with crowdstrike. you have two winners. write this down. my executive producer, i have to say that kid has four cents. let's go to frank and new york. >> is this jimbo king of the chill cramer? >> i'm chilling so hot it's amazing. what you need. >> i am looking at jci.

>> can you believe they've done such a come back. tim in new jersey. what's happening? >> fulton financial. what do you got? >> they got a regional bank in philadelphia. i think they are doing white well. i wish they had a 4% yield. and that is the lightning round. the lightning round is sponsored by charles schwab. coming up, cramer got a jolt of optimism and he shares it over the weekend.

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larry fink is pure joy. you may not know him that you should. he runs blackrock with $11.5 trillion in management. having grown an astounding $2.4 trillion just the last few months. i visited with him this morning and he brought his brand of what i call rigorous hope. what do i mean? he's an optimist. he recognize we have a lot of work in the face of capitalism. he talked about how the nation

has way too much debt. >> at the end of 1999 we had an $8 trillion deficit after 220 years as a country. today we are close to $37 trillion. we added close to $29 trillion in 24 years. this is an unsustainable pace. if we are going to continue to be doing that, i think we are really mortgaging our future. >> i don't know about you but i find that chilling. we try not to think about the national debt because it's not a problem for the stock market. sooner or later political leaders need to get a handle. he is not in favor of the prosecution of google. they are a key for the strength against china. he said he finds it odd that we are questioning their scale

especially given the opportunities they offer. these are our national champions. larry is at his best when he talks about the joys of business. he built a company that pioneers so much of what is good about the markets. the public and private partnership to build out the infrastructure. i know that blackrock has been an incredible investment. we hope to add it to the portfolio next week. the results are strong. revenue up year-over-year. $221 billion in this quarter. we expect that is extraordinary. even though the stock is up more than 21% on the year i think it has more room to run. that have done more to help people save money than anyone

in our lifetime even with crypto. he says we believe the solution we are building will democratize retail access to private markets. he wants people to get started early and investing if they will have enough money to live later in life. >> we also need to have a conversation about retirement. the sooner we can have illiterate, educated conversation about retirement, we can fix it. if we will deny the conversation we will have a bigger and bigger problem like our deficits are in this country. >> he's right. if you have not started investing what are you doing. if you want to read marco read his letter. warren buffett offers a different kind of optimism that

makes me feel almost nothing can go wrong. that is not larry. he tells it like it is and we need to fix things with the deficit or it will overwhelm us. he offers his individual advice. if you want to cope with any potential hardship down the road, you need to invest now, save now, but the power of compounding do the heavy lifting for you. that way if social security gets cut in the next 10 or 20 years, you will still be fine. larry is right. let's get started. i like to say there's always a bull market somewhere. i promise to find it for you. i'm jim cramer, see you monday. . [ laughter ] get a lawyer. i'm bleeding, people! we're your worst nightmare. tell us about your total sales. we've done $12 million in sales. 40, 50,000.