guy what is the number one worst song >> "we built this city." it's an awful song >> we've said that many times. >> new york has been starved for a champion we got one last night in the form of the new york liberty congratulations. and karen finer mann gx. >>o liberty. thank you for watchingliberty. thanks for watching "fast money. "mad money" with jim cramer starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people make friends. i'm just trying to make you a little money my job is not just to entertain, but to educate and teach you so call me at 1-800-743-cnbc newsom tweet me at #madmentions i know bonds are the most boring subject imaginable but the bond market matters. bond yields have been going up

like mad ever since the fed cut rate last month, the opposite of what you would expect and the velocity of the move is so fast, that the stock market can't seem to find footing. make no mistake, bonds are behind today's ugly action, dow lose, and the nasdaq did advance 2.7% i won't say bonds are the only things that matters. others will do that. that's not true, though. and plenty of people give you that bogus argument. i hear them all day. so do you. it's absurd. the stock market has had a fabulous run they love to ignore that glaring fact the bears, every day is groundhog day for them they panic themselves and they're trying to panic us, but we will not be panicked. what are the bond bears really frayed of? the list the bond bears like to use the long-term interest rates, the ones set by the bond market as a cudgel to hammer the fed the fed is the be all and end all, because fed watching requires no homework whatsoever.

it's not like they're figuring out if boeing has the requisite cash flow or the state of the semiconductor business if we were talking about the nfl, these are people who have never heard of the spread. they're only picking winners on the money line, not winners giving points. i think they're ridiculous in the lack of nuance rates higher blame the fed. rates lower? take credit yourself but the simple truth, did the fed need to do a double rate cut moving 50 basis points and not 25 yes, yes, they had to do it, if they wanted to be sure that the proverbial plane didn't crash. it's the bess way to keep a soft landing or no land he jay powell just doing his job responsibly. and these constant nay sayers will be wrong once again they really bothered me. because bears in the peanut gallery are never held accountable, no one will remember it. ♪ hallelujah ♪ second, a double rate cut is supposed to be inflationary. that's what the bond market say. bonds are trading like the first

rate and you're seeing that reflected in long rates. whoa, slow down. do you really think the reverberation of a rate cut is really that fast absolutely not in fact, if long rates meaning the 30-year have gone up enough, what they end up doing is being anti-inflationary. the worst part of the inflation cycle, the one that needs to be slain is housing and higher long rates will cause housing to cool again. not only will mortgage rates be higher, but there will be fewer homes built. all bad for the economy. we'll have more on this later. but heavily anti-inflationary. so if you see bond yields going up and want to blame the fed, boy, you have a painful lack of knowledge. if 24 is really a problem, it's a problem the bond market can solve by itself. finally, pathetic toy bears will say that stocks can't possibly go higher if rates get hit yeah, higher rates, stocks must go down. i don't know how about a 4.75% 30-year treasury about a quarter point from here. they're going to pick that line. you're going hear that over and over gotten. that's an average, arbitrary

line, a line in the sand and they're going stick with it and they'll tell you the market is going to go down big or crash. i am not oblivious to any of this but i come back and say we are nowhere near the point where the bull can be slain by higher longer rates no where stocks have soared with bond yields at these levels before. in fact, they've soared with the 30-year 5% they've soared with a 30-year at 6% so let's stop with the jeremiah acts all they do is scare people out of some very good stocks, companies doing quite well that's why you sold nvidia that's why you sold apple. what a travesty. so why do the bond bears insist on mauling us like this? some is related to what i call the hedge fund playbook that says when bond yields go up you should sell stocks because currently higher rates translate to lower rate prices that's true because it's a magnet for lower stocks. but you know what matters? things have changed. we have so much money coming into the market via index funds

and all that money means we don't get the same intensity of selling, even when the bond market goes against us the index money serve as a one-two punch against the bears because they create a temporary stock shortage think about this buybacks take stock out of the market s&p 500 is passive, sticky they have the same impact as taking money out of the stock market because index fund money rarely gets taken back there are not a lot of sellers of index funds buyers, buyers, buyers >> buy, buy, buy >> so when bond yields take higher tend not to have as much impact have you noticed we're typically down at the opening and then rally like the nasdaq this morning? that's because future sellers start the day betting against stocks when the real sellers don't materialize, they have to cover their short bets, driving the averages ever higher it's a virtuous circle of short sellers not acquitted by actual sellers, which then begets buyers it rings true almost every day

in some part of the market today it was nasdaq day. what can you do? first of all, i suggest that you never, ever, ever buy any stock on a day when it is up big, when a stock is up big. long rates are going higher here because too much economic activity that's okay. you want economic activity you don't want jay powell to be so restrictive and crater whole economy. when rates go higher, the sellers of the s&p 500s typically short sellers and it sinks to -- >> sell, sell, sell. >> and then they knock stocks down that's your chance to buy them, not when they're up. when they knock 'em down you can buy stocks that shouldn't be down, including stocks of companies that just reported strong quarters as long as you wait, you're likely to get lower prices and then you can pounce. maybe a lot of this has been in the back of your mind, but you didn't want to sate because the bond bears on air are so erudite and make you feel like an idiot. don't let them do that to you. they're the ones with no understanding of history, not you. in fact, this s&p futures

phenomenon is new that i just described. it's not in the algorithms it's not in the hedge fund book. we've never had so much money flow into the market via index funds as if it's been crunched like a buyback so there is no no new supply of any big amount here is the bottom line. it's an extraordinary time for the stock market i know it's easy to say rates higher, sell stocks. rates lower, buy stocks. the only problem, it's wrong [ buzzer ] gregory in new york, gregory >> hey, jim. thanks for taking my call. >> of course >> caller: first of all, i like to say i appreciate all the work you in the investment club, you and your team. >> thank you >> caller: myself, my brother and father are all members. >> thank you, man. i hope you like the sunday pieces i do. they interrupt my football time. actually, they interrupt my lifetime but that's all right i do it for you. what's going on? >> caller: i want to talk about slb. they ticked lower last week, but the stock is still trading at less tlaefn times everything that being said, there is a lot

of uncertainty concerning the macro environment around this. what is your outlook on the stock? >> i like the conference call. they really derisked it. they tell you all the things that are going right and i don't want to jinx anything, but if there is a middle east flare-up, that stock is going to be a 48, and you're going to make money pronto i agree with you and thank you for kind words ♪ hallelujah ♪ let's go to ayush in new york. >> caller: thanks for taking my call >> boo-yah back from the team. >> caller: i appreciate that i found a stock consistently growing its membership base, diversified its financial products and strengthened its personal loan capabilities despite a strong performance, it's still down about 60% from its all-time high. given these fundamentals, how do you think i should trade sofi? >> just to the long side they just got some new big money. they've got big backers. they've got a great ceo. the stock is breaking out. the shorts are going to have to cover. sofi is a buy, buy, buy.

>> buy, buy, buy, buy, buy, buy, buy, buy, buy! >> i know it's easier to say the higher rates, but right now that would be wrong buybacks, s&p money, yes for real "mad money" tonight, just launched a milestone expansion digital banking and it kicked off by ringing the closing bell. i'm hearing more about it. you'll want to hear that story plus, has the rally to home buyers hit its roof or keep heading higher i'm going to find out. and telling you which stocks could keep leading the charge. and american express fell on friday's quarter but is it yet another buying opportunity? i'm tearing through the quarter and giving you my take so stay with cramer. don't miss a second of "mad money. follow @jimcramer on x have a question? tweet cramer, #mad mentions.

send jim an email 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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we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. ♪ whenever earnings season kicks off, we like to focus on the big domestic banks that report first, forgetting some of the largest banks are based overseas take banco santander, the massive spanish bank that's is a huge global player with rapid presence growing here in america. they just bought open banc, europe's largely digital bank here to the u.s. and celebrated the occasion by ringing the closing bell right on the new york stock exchange, right up there. let's take a closer look with ana botin, the executive chair of banco santander mr. botin, welcome back to "mad money." >> it's great to be here thinking is a big beal, this open bank, from what we've been able to check, this is the best rate that anybody is offering in

this country so tell our viewers about it >> so we're very excited about the launch of open bank. it's been very successful in europe, as you've said and we're launching today what i believe is the best high yield saving account in america. it's fast. it's simple. very competitive rate. and very important, it's backed by the trust of a bank that has 168 million customers globally >> now i think people should recognize that you are huge in, of course, spain, but uk, latin america. you have a gigantic footprint, much bigger than our banks in america. >> well, we're in europe and the americas we pride ourselves that we have both global scale and in-market scale. those are the two things that make us different, plus diversification. and yes, in america we believe we have a lot to add to the u.s. consumer >> now you're a dominant player in auto loans here, and people may not know that, but that's a franchise that actually much coveted by others that you have

a stranglehold on. >> we're the fifth largest auto lender in the u.s., the number one in europe, num and this high yield savings account makes us more profitable because we're replacing wholesale funding. that's the reason we can offer you a great rate with a great customer experience. and i think that's the unique combination. >> when you're here, i've got to talk global. and one of the things that is incredible, in your annual, you've been talking about how latin america turns out to be a much better market than people realize. brazil making some incredible -- obviously argentina, but you recognize that there is a burgeoning middle class, and you're opening a huge number of customer accounts there. >> well, just mexico and brazil, 350 million people half of the people in latin america don't have a bank account, okay. so the potential is huge yes, you need to understand the market, but as i always say, the

lows are always higher and we're doing very well. >> okay. so have you gotten to meet president -- >> i have met her when she was the mayor of mexico city, yes. >> full disclosure we have an account with you in mexico it seems you're one of the largest, but you can end up being the largest at this trajectory >> so in mexico, depends on the customer segment we are number two, number three. >> right >> we're growing very well and, you know, we're investing in mexico. we believe mexico has huge upside not just the near short range, very young demographics. again, very unbanked country so we're doing very well >> now, if you wanted to, you are not constricted, you could buy other banks in the united states too if you wanted to. >> we believe we have a very, very attractive, organic profitable growth strategy >> okay. so tell me about what's going on in europe with rates versus here and how you decide where to put your capital

>> so we have been putting more capital in the americas, reducing europe for the last few years. however, europe is a very different story north from south. so the countries where we are present, which are spain, portugal, poland, they're growing much faster than the north. and europe, you know, has a lot of upside. at least now we have a good diagnosis of what is not working. the report was incredibly important, and now we need to get on with it and put in place structural reforms, make sure that we can compete so it's not just about regulation that makes banks safer or protects consumers. the big elephant in the room is lack of growth not just in europe, but the world. we need to grow faster >> now you are also doing it with a capital light model that is very different from most of our banks to me that would mean that you have i say less risk and more reward >> well, again, santander is

diversified by global businesses we're really a community bank in many different countries, right. we're local in mexico, in brazil, in the uk, in spain, in the u.s., and that is really our model, you know. 97% of our revenues, and we grew 10% our revenues year on year as of june are customer-related we do not do market making it's 3% top line >> but at the same tile, you are really expanding your commercial and industrial, your corporate bank wealth management. i see that, it's 6%. i think that could grow aggressively and payments must be a terrific investment for you 9% but gwynn your worldwide nature, that could be a double some day. >> so payments is the core of our consumer relationship. >> right, right. >> we're building a global api, right, connection between all our banks so you will be able to do instant payments amongst all the santander countries. so if you have an account in mexico and an account in the u.s., by the end of 2025, we're

launching openbank in the u.s. and in mexico. by the end of '25, this will be a full service digital bank. full service digital bank in the u.s. and we'll be connecting the u.s. and mexico through santander banks. so you will be able to transfer and operate across the two countries with one account >> you know that's not possible from any american banks. we can't do that. >> no. but we are >> you tell me i can directly bank in the united states and mexico with santander? >> as of the end of '25, yes >> all right that's not -- you're the edge on american banks which do not let me do that >> so what we have built, jim, and has been said, this is an overnight success ten years in the making we have built our own back and front cloud native tech stock. it's ours. it's been deployed in the united states in a highly regulated bank with a know your customer and all the regulation that you're aware of.

we're doing the same in mexico this is going to be very unique. >> what a tremendous day. >> and that is something which is coming to the united states by the end of '25. >> you're an interesting bank. but when i ask people about you, you know what they say you're the savviest cyber security banker in the world so what was your interest in doing that >> many years ago when i was running -- i realized in the digital age, we will only be as a bank as good as our technology and our people we need the best technology. and future that we need the best people to build that technology. and that is what we've done. in our core banking, we've partnered with google. so we're now -- i told you this last time, i believe, we're marketing to other banks yes, i believe that the customer experience when you go online is only as good as your tech. and when need the best people to build that. >> what can i say? once again, 5.25, california people, florida people, this is open to you. >> and very soon here too. >> and very soon here too in footprint, yes >> okay.

i will wait to transfer my money from a bank that you once worked at >> don't tell me the name. >> i don't have to. >> i think it's a very good bank. >> i know. and you have great relations with all the banks i know that. both personally and actually the people who run the banks that's ana botin, the executive director of santander. it's a good yield. they buy back a ton of stock i think it's a terrific, terrific investment. "mad money" is back after the break. coming up, time to build a position in the home builders? cramer hammers out whether the group is built on a strong foundation next

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practically. so, let's get to work. (♪♪) ♪ we need to talk about the quiet rally in the home builders here is a group that rallied almost 68% last year as measured by the i shares home construction etf and up this year beating the s&p 500 and the nasdaq despite a high mortgage rate because we have a massive housing shortage in this country and the home build verse been adamant about building new capacity they don't want to build new houses only to have the economy roll over. now the fed is starting to cut interest rates and the home builders are the most direct beneficiaries of the rate cuts the lower mortgage rates go, the more demand there will be for housing. even though one hundred basis points of rate cuts could help

fuel the housing bull market for years to come. so can this rally in the home builders continue? to answer that question, we're going off the charts with the help of old friend bob lang, the author of "know your options he sure sees a lot more upside at the end of the day, there is two props to the housing rally on one end, even as we've been producing more homes, we haven't been able to keep up with the demands of a continually rising population in this country even if they wanted to, the home builder can't build enough units fast enough because of state and local regulations and the environment. that make it difficult to construct anything but at the same time, the home builders don't really want to build, not with long rates creeping relentlessly higher this is something i've been thinking about before lang has said it's very important this should not be new to you. the home builders all got burned by the great recession in the run up to the financial crisis, they recklessly overbuilt and were relying on teaser mortgages to artificially

bolster demand then that demand evaporated. housing prices crashed and home builders before left holding the bag. it took many years for the home builders to bounce back from that it wasn't until 2011 that the major home builders got their act together but it's still seared into their memory, and they don't want to go through masomething like tha again. now it's 16 years since the financial crisis, and they're a lot more cautious about the cyclical nature of the business. they've become much smarter and conservative in their approach to building new homes. and that's why their stocks could do so well last year, even if it seemed like the macro was against them the demand for new homes is robust and supply is limited as they can't or won't build enough houses fast enough that translates into pricing power. low in the fed's new rate cutting cycle and a recipe for a powerful bull market regardless who wins the election in two weeks. but speaking of the election, lang notes if we look back during the trump years, the home builders performed quite well, including a dark period near the

start of the pandemic when every stock was being sold more than doubled during the four-year stretch, but you could lower mortgage rates that help the homeowners buy in or refinance their higher previous loans. how about the last four years under biden/harris a huge outperformance. a top sector with pulte, dr horton and tolle up staggering amounts. the home construction etf more than doubled again since biden's inauguration, putting this group in the top tier of performance and all this happened during a time of high inflation that was eventually brought down by the fed's aggressive rate hikes which are the enemy of real estate amazing performance considering the very challenging conditions. this was a history-defying move. so whoever wins the election, lang's confident that the biggest winner mace be the home builders which is why we need to look at the charts let's look at the three best of breed operators, pultegroup, dr

horton and tolle let's stay with the three he likes. when you check out the daily chart of pultegroup, the stock's made a sharp move higher since july on elevated volume. not bad. this is textbook sign that they're buying it hand over fist the volume not bad. they're following the hedge fund playbook which says you need housing exposure when the fed's getting ready to cut rates even though pulte has reached overbought territory, and you can see overbought, you can see it's just all these numbers point to way too overbought, it looks like it's rallied too far, too fast, right? the buyers are snapping it up. the moving average convergence line, or the macd has recently made a bullish crossover that's the crossover but i know bob from the old days loves those where the black line goes above the red line. this is one of the most reliable in the book. when you look at the khaykin money flow, long time since we've heard that, that's an

indicator when the biggest institutions are buying or selling, it remains positive dur aggregate few months that's the khaykin money and making higher highs and lower lows that's the textbook definition of an up trend this is a $144 stock that lang says couldee $200 next year. nice the daily chart of the high-end toll brothers. in great shape thanks to higher highs and higher lows, there we go again just made a bullish crossover here too these are terrific the khaykin money flow that we just reintroduced remains positive more important, toll brothers has had four meaningful pullbacks since july and lang notes every one of the dips had to be bought. 153, he thinks they go 200 to 220 next year. we want these moves, don't we? finally dr horton. according to lang, the stock is building a base right now,

sideways consolidation after months moving higher they've had trouble breaking out past the ceiling of resistance at 200 this is a channel like that. while horton is also giving you a bullish mack-d crossover, lang notes it's happening at a lower level. so the uptrend is cooling down the khaykin money flow still going strong lang is betting horton is simply catching its breath before going higher after some more sideways action, he thinks it could take off next year, 186, maybe 250, maybe even 275. wow. here is the bottom line. home builders have a lot more room to run. his favorites, pultegroup, toll brothers and d horton. if you don't own, you're probably shooting yourself in the darn foot. let's take calls let's start with mike in michigan mike, mike, mike

>> caller: hi, jim how you tonight? >> imi am good how about you? >> caller: i am fine, sir. listen to you for years and appreciate your quality and the good things in life. >> thank you >> caller: rockwell automation what's your perspective on it going forward, sir >> you know, i am not a big fan of rockwell automation however, honeywell has an automation division that i think is going to be absolutely terrific, and i've got tell you, they report this week. so i'm kind of sticking my head in the lion's den. they didn't report that great last time. but i genuinely believe that honeywell is going to have a terrific quarter, and i think that you're going be in very good shape with that one let's go to bill in massachusetts. bill >> jim, can i just take a minute and thank you and your staff for a phenomenal job you guys are incredible. in the last two years you've made me so much money. you, your staff, and your family are in my prayers regularly.

>> oh my god you're too kind! i will pass everything on to my staff. not my staff, it's our staff i don't want to think it's my staff. that's the wrong call. but i am absolutely thrilled that you said this, and i really appreciate it. thank you. >> caller: you know, give jeff and regina a pat on the back for me it was pleasure meeting you at the annual meeting >> oh you were at the meeting. are you in any of the ads? >> caller: what's that risks you in any of the ads? you know we run the testimonial ads that are so great. >> caller: no. some of the voice ones i was on, but i haven't done a personal one yet. >> all right this i'm looking at regina i thank you. how can we help? >> caller: jim, about six months ago, we talked about -- robotics i understand by you it was too early to get into that company it wasn't making money yet. >> right >> looking at the richest man in the world, elon musk and his

army of robots, is there anybody that can compete with him? >> no, actually, no. because he's got 100,000 of the high-end cards made by nvidia that are working at a supercomputer pace for him for his robots, and no one else can afford that many so it's a giant moat that is making it so you have to own tesla if you want to go that way. i want to thank you for those kind comments. pass them on to our staff. and that makes everybody feel great, because everyone is working double time here, and i really appreciate it all right. the charts as interpreted by old friend bob lang suggest that the home builders have a lot more room to run. i think if you don't own a home builder at this point in the business, i don't know i know what i'm thinking when i saw the charts, maybe i got to make room for one in m charitable trust much more "mad money." i pounded the table. it was history repeating itself. the latest post earnings slide i'm telling you where i stand. plus shore, you make -- what should you make of the activist action boardroom

i'm liking at a case by case and all your calls rapid-fire in tonight's edition of the "lightning round." so stay with cramer. it's time to grow your business. time to get customers. time to make your future, now. create a website in minutes. how? godaddy. coding... nah. but all that writing? nope. ai, done, built, up and running. you have what it takes. now take it to the next level. create a beautiful website in minutes with godaddy. let's get to work start for free at godaddy.com

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>> buy, buy, buy >> right before the company reported all over again. unfortunately, i've got to get repetitive here, because it happened again on friday, american express delivered another strong quarter and the market didn't like it, selling down 1.3 it's down today 2% it's down to 270 change. a big hit. but after taking a close look at the quarter, i can tell you that once again, this was actually a great set of numbers, like clockwork, you need to -- >> buy, buy, buy >> while american express reported inline revenue to build business, the total spending on their cards a 6% growth rate the total expenses were up 9% year-over-year, but that was still substantially lower than expected $3.49 per share. the street was looking for $3.30. management fully trimmed the full-year revenue forecast slightly from 9 to 11% that's growth, down to just 9% growth but they also raised their earnings outlook for the second quarter in a row last time they were talking about 19 to 23% range per share of growth. now it's 23 to 25% growth. that's huge for the core u.s. consumer business, it looked

like the year-over-year growth for each of the company's three demographic buckets you see far different results. millennials and gen z are still spending like mad with build business up 12% year-over-year ♪ hallelujah ♪ meanwhile, build business for baby boomers was flat year-over-year gen x is somewhere in the middle with 4% business growth in the quarter. more on that later their international card service division is roaring with build business up 13%. tremendous opportunity there finally, excellent credit quality numbers and these should only improve now that the fed is cutting rates. we're only at this point in the business where credit quality becomes problematic. not this time. the total quality for credit loss was a little lower, thanks to fewer write-offs. both looking good. well, then why the heck did the stock sell off on friday i think wall street doesn't know what to do with amex's gradual low down in revenue growth it was just 8% this quarter. they've gone from basically the

low double-digits to the high single digits over the past year this isn't so much an issue for the company's current results, but it makes some investors question whether they can hit long-term. they're aiming or the double digits and mid teens growing the revenue growth slowdown was the first thing the analysts asked about. the ceo explained it will be hard to generate double revenue growth without higher transaction volumes. he made it clear even though the revenue growth has slowed, american express has still been able to put up better and better earnings growth. that earnings strength is the reason why i pounded the tame on amex when they last reported in july, and it's a big reason why the stock was able to surge to all new highs after the initial sell-off but for whatever reason, when we get the actual results, wall street seems to only focus on the top line, not the bottom line it's true he made some clearly received comments about expanding growth, not terrible, but not great. i'm going the quote here i think when you look at the overall spending, organic

spending in our customer base is not as robust as it was in a more robust environment, end quote. he goes on to say, clothe what our card holders will do is pull back slightly if lose confidence, but they will continue to pay their bills, and that's why our credit numbers are so good. that's a fairly honest, sober assessment of the state of amex's business right now. somehow the company has been able to post amazing earnings numbers, and the environment should get much easier as the fed cuts rates so what are the sellers missing, then i've already said my piece on the earns story. let me allow to explain the long-term opportunity here, which is american express has the potential to grow with its legions of younger card holders. remember, they're seeing terrific spending growth from millennials and gen z. older customers basically flat but people seem to overlook the fact that this is a very positive indicator for the company's future see, once american express lands these younger customers, there is a very good chance they'll be able to hold on to them for life as their card holders become

older and more affluent, they can graduate to a platinum card. each of the higher tears comes with higher fees almost $700 a year they're in the only player in the space that can get away with charging these fees at scale in part because the platinum card has such incredible travel benefits, but also because they have great customer service. beyond the explicit revenue fee you have to keep in mind younger customers have a higher lifetime value than a gen x or baby boomer customers as spelled out explicitly in the call the analysts don't seem to understand this or value it very highly, and i think they're wrong. at the end of the day, american express reported a strong quarter and the stock dropped 5% like i tell you almost every quarter, when the stock sells off like clockwork, i think you're getting a fantastic buying opportunity now the bears are too focused on company's slower revenue growth. but they're missing the fact this hasn't prevented american

express blowing away earnings. you have to trust me on this i've been right. the analysts have been wrong bottom line, don't miss the fosse for the trees here american express had tremendous success at winning over lots of younger customers who will likely stick with the company for decades to come. and that's the big story here, not a line or two in call about softer spending environment right now which management is handling with aplomb and if you believe the big story, then like me you know that this regularly quarterly pullback is your chance to buy american express, hand over fist. >> buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy! >> "mad money" is back after the break. coming up, lightning doesn't just strike twice in cramerica -- >> jimmy chill. >> boo-yah. >> boo-yah. >> thanks for taking my call. >> it strikes every day. cramer is back in a flash with your questions, next

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♪ ooooh. ooooh. ♪ ♪ it is time it's time for the "lightning round. >> talks and buy, buy, buy, sell, sell, sell. >> during the call and hear this sound. [ buzzer ] and then the "lightning round" is over. you ready, skee-daddy? the "lightning round," let's start with jerry in new york jerry? >> caller: hey, jim. how you doing? 11-time caller here. >> 11 time that may be a new record i don't know dave in illinois could beat you. what's going on? >> caller: a while ago you and i talked about chenier energy, lng. is it -- >> you betcha' natural gas price is low, business high, i would buy lng,

absolutely yeah, the stock is up a great deal, but yes, the answer is it's the right time. let's go to steve in new hampshire. steve? >> caller: jim, boo-yah! >> boo-yah to you. >> caller: thanks. hey, listen, you know, i have a question on -- because i'm having on vu and i'm looking to diversify into ge, what are your thoughts >> about to report and they may be one of the situations where it sells off on good news. and i think you are going to get good news, because i think the company is doing incredibly well and this is like one of the companies that is a data center magnet they have nuclear power. that won't be online until 2030. but be aware they are the way that people are playing the power to the data center let's go to james in massachusetts, james >> caller: hey, jim, first time caller thanks for having me on. >> thank you >> caller: we're talking about

today, i got in around a cost basis of around 600. and i'm having a really hard time figuring out what the fair price of this thing is in the shorter term >> it's really hard. i tell you, it's really, really hard it sells a high multiple i have referred to salesforce with agent force it doesn't have to grow for the hub spot but i think this hub spot is playing with fire, frankly, i do not want to play with fire let's go to jason in florida jason? >> caller: hey, jim. how are you? thanks for having me on. >> thank you for calling, jason. >> caller: hey, i was talking to a buddy of mine. he told me about this stock that's been going up steadily for the past month so i want to know if my buddy bean picker craig is right about ion q. >> that's a parabolic move it might be more upside or near the end. you might get clobbered. i can not recommend that stock

on that basis. let's go to jake in new york jake krichlt boo-yah. >> yeah, man, what's happening >> caller: i'm talking about a hot stock, but not very chill. tell us the move with this top stock. i know my buddy mike needs some help they moved a line the handicaps. they fueled my live betting addiction. they work with fanduel fourth radar >> i don't know sports radar i don't know that one. i know every one of those companies you mentioned. i do not know sports radar we're going to have to do some work on that let's go to ron in florida ron? >> caller: thanks, jim thanks for taking my call. i really appreciate it >> of course >> caller: my question to you, jim, is i'm looking at vst, which i'm sure you know very well. >> yes, i do this is extra energy, which is the same thing as constellation. and i've got to tell you, they're interchangele. they have been resting of late i feel like they're just rest:00

and then they'll go higher, but i don't know when that's going happen let's go to rick in massachusetts. rick >> caller: mr. cramer, thank you for taking my call long time listener, first time caller. >> excellent. >> caller: calling regarding new scale power, ticker smr. >> yes, again, that's a small scale nuclear module reactor and i think that that stock -- that company is losing a lot of money. you might as well again with ge v vernova because you have something to fall back on and still get the nukes. let's go chris. >> hi, mr. cramer. i had a question about atf space mobile >> okay. i have felt that that company is overvalued it's a telecommunications company with mobile space. i keep waiting for starlink to come out and then i'd be more involved that's the elon musk company i can not recommend asd space mobile it doesn't make any money. let's go to mark in connecticut. mark >> caller: hey, jim, how are you doing? thanks for taking my caw.

>> of c>> of course, thank you. >> dexcom. >> last quarter was really terrible a new quarter is on the horizon. i frankly can't believe it can be as bad as the last quarter. and kevin sayer i think can deliver. but i lost conviction after the last quarter i really did and that, ladies and gentlemen, is the conclusion of the "lightning round"! [ buzzer ] >> the "lightning round" is sponsored by charles schwab. coming up, forget yankees versus dodgers one of the biggest rivalries these days seems to be activists versus ceo cramer tackles the companies in the crosshairs, next

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sometimes a broken business is in such bad shape that it's hard to imagine how anyone can fix things other times the sacrificial firing or two is all it takes. that's how i feel when i think about the most aggressive fights between activists and investors in existing management right now. the activists love to take heads, but that doesn't always make sense tomorrow jeff smith from starboard value will present a paper about how kenvue may not be moving fast enough to create value. a guy with a great track record. kenvue is the reenhealth spin off johnson & johnson. smith wants to see change in the details plans. it really hasn't had a chance to deliver yet. and kenvue's defense, this great house of brands, think band-aids, listerine, neutrogena was only spun off a little more than a year ago. it hasn't even had a chance to move into its own headquarters yet. smith would like to see some

alacrity, in health and skin and beauty this is where i have a problem with starboard's view. health, skin care and beauty have been incredibly difficult for everybody, including procter & gamble and estee lauder and ultima beauty. yes, they should be performing better on amazon but i say all the time, no need to take any heads here, at least not yet. then is there is cvs last week carol lynch was fired perhaps because of pressure. we don't know. cvs played in the drug store category, which is ridiculously difficult if you examine the competition in rite aid and walgreens. elements all blew up this quarter. hard to blame lynch if everybody else is blowing up, right? that was the case here elliott management how about them they're unhappy with leadership at ulv and they're seeking some board seats while potentially remove jordan of course, they think jordan is helping the company, but they think removing is helping the company. southwest, though, some good

ideas and they think he is helping the company. many of the ideas are elliott's, frankly, but it might not be enough to appease elliott. southwest has been a poor performer versus the group under jordan so i understand why elliott believes heads need to roll. it seems harsh, though there is plenty of room for improvement. i want to contrast all of these situations at starbucks with the situations at starbucks and nike in the case of starbucks, sales were terrible, even as other coffee shops were fairly robust. that made removing the ceo an easy call. same with nike where the industry was robust and the old ceo had ill-advised direct to consumer bent that doesn't make sense for a brand of sneakers that really do need to be tried on i think everyone should recognize the difference between these two kind of situations well may look back and think carol lynch's job at cvs was too hard same with kenvue the others make a lot of sense even as southwest has done a lot of the heavy lifting a at the end of the day, i'm happy to see more accountability at the ceo level more poor actors should lose

their jobs for poor performance. if you're a shareholder and you also want to make sure they're firing the right people, it may not be the case. and if running a business is impossible for anybody, well, then maybe you just shouldn't own the stock anymore. i like to say there is always a bull market somewhere. i promise to find it for you here on "mad money." i'm jim cramer see you tomorrow sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ to make babies' feeding time easier. ♪♪ hello, sharks. my name is martin hill. and i am the owner and creator of the beebo. i am seeking a $200,000 investment in exchange for a 20% equity stake in my company.