of cnbc's money every night at 5:00, monday through friday. >> unless we all go to south beach, in that case, that's fine >> that could happen >> good times. >> i think alibaba might have done enough work on the downside to take a look at. ank u in blicep. thyo >> my mission is simple. to make you money. i am here to level the playing field for all investors. it's always -- and i promise to help you find it. mad money starts now. hey, i'm cramer. i'm just trying to make a little money. my job is not to entertain but to explain what the heck is going on here because it's crazy. call me at 1-800-743-cnbc. that's it. i give up. bit. , you win. now you can say i called or

cramer is giving up on stocks. just swapping into something. something that loop since july 27th with the president-elect give you the high side . so on the date where the dow lost 248 points, after big coin trounced the hundred thousand dollar level. before pulling back today, i want to discuss big coin. really, i do. but in addition to stocks. i have come to praise been coin, not bury it. first, let's just spell the idea that i never believed in between. now if use searched youtube, you can see that i first bought bitcoin when it was just over $10,000. so, no, no. not here. oh and for the record, back in april 2021, i decided to participate to purchase the nft for the -- of 1996.

even though i had no idea what a fungible token was, let alone a nonrefundable one. the transaction had to be done in a theory him so -- to try to win. i lost the auction but i forgot to sell the assyrian -- etherium. it had appreciated so mightily that i was able to produce a large farm in an undisclosed location. so you may think that i'm over the-top i celebrated $100,000. i would say i've been recommending it for years, just like i've been getting lucky in etherium. because it better to be lucky than good. still, i found whistle struggling to feel relevant this morning while talking to my partner. this is where i go. that i was right of there, okay? i was really down, i was glum, chum. wait a second. mi -- signatures down over 11%. kroger of 1%.

when there was crypto money being given away by present elected trump. he told you that the federal government will go all in a bit.. back then, bitcoin promised to establish a strategic reserve and make america the crypto capital of the world. the conviction that he would try, and easy win. his endorsement was ironclad. as he said during that fateful national speech, if crypto is going to define the future, i wanted to be mine, minted, and made in the usa. whether or not you think that's a good policy,, let's belabor the strategic bitcoin reserve. the biggest -- and then shared -- well, you wouldn't want that, with the trump victory. you can put it in about 60,000, get roughly hundred thousand

today. talk about fungible. but then it hit me. yesterday, my colleague through an assortment, i heard her talk about how she believes that people are buying it as a store of value, like gold because there's not much in the transaction a bit going. i've always endorsed keeping up with a 10% of your portfolio to be an insurance against literacy but years, it's the final turn up for that 10% position. why not? i think that the federal budget deficit is an impossible level. a currency that owes $36 trillion. sure, you might have been -- you know it, terrific. me, too. what if i told you there are indeed other ideas hidden in plain sight. ideas that you could have owned the other 90% of your portfolio that wasn't bitcoin? when do we start with today. happy anniversary to costco, costco stop came down december 5th we get today, in 1985. yesterday, costco hit an all

time high of $991. take that, bitcoin! okay, maybe you were to live or you were a child in 1985, -- let me give you some angrily obvious winners as we may not have known it at the time. let's see put $1000 in amazon at its ipo of may 15th, 1997. you know that would be 2 million on her $40,667? a bookstore online? 2 million 940-2660. that is staggering. oh, and then there's the most obvious winner of all. the elon musk tesla. if you put $1000 at the beginning of its ipo, easy, easy. you have $326,021. what's the most loved stock? terrific. it's kind of like an

fts. a little over four years ago, you would have 7000 $187,000 -- $7187. now what is really going on. let's do this. desperate to call attention to what i could say be the greatest stock ever. on june 20th, 2017, i took the extraordinary measure of renaming my dog everest. from then on i was a he would no longer be everest. his name would be nvidia. now if you listen to this today, you want to take that dollars, you have $1000 back then, 37 $399. that's right. watching a guy on the floor exchange, no more than 20 yards from your talking behind his dog was named nvidia, especially if you have a t-bone in your hand. which might be a rather harsh

point. yes, bitcoin holders, graduations. you had a chance to run ahead of the president-elect's promise to make a strategic bitcoin reserve. good for you. so in another gambit, just for the everest to nvidia transition, if you missed bitcoin anybody some today, hold it as the president-elect suggest, would it be too much to ask that you throw in some stocks as part of the portfolio? go with some of the most obvious things. i still like them. costco, tesla, we own two of these from costco so you might purchase them simply by being members of the cnbc investor club. my point should be obvious by now, right? we could become the bitcoin network, especially since trump christened us as the bitcoin nation, i think it's more to it than just owning cryptocurrency. you got costco with that membership card. the amazon, palantir . i love that guy. and if you own the stock of the richest person on earth,

secondly the second most powerful person in the bitcoin nation, elon musk. nvidia is no dog. it's the best. there. bitcoin is the most obvious -- i am holding stocks can be just be -- or maybe just maybe, you can make even more money. bottom line, i say own them both. stocks and crypto peer that way if trevor gets around to sing you have to buy tesla, well, you got the edge on them. and if you are diversifying with hospital, tesla, and bit going, then, what the heck. congratulations. you are rich. maybe richer. well played. darren in texas. darren. >> boo yah, jim. >> will yeah. >> first, i want to shout out to my family in queens, new york and also, shut up to the reddit -- community. >> my wife is from queens. she's from flushing, wherever

the hell that is. who needs a town flushing? what's that about? >> tell me about it. this company i'm looking at has a 4% dividend yield and has a very confident -- underneath it called magic the gathering. i'm talking about hasbro. >> i just told somebody from hazor the other day that i really like the stock. it just seems to be too cheap for me. it's gotten caught in all the hoopla of all these other stocks and it's, frankly, it's overlooked. i like you. you've got horse sense. must be the thing with queens. tina wisconsin. tina. >> hey, jim. yeah, my name is tina, i'm from dublin, wisconsin. -- yeah. >> good luck tonight. okay? >>, cramer, you gave it your all and that's why my family loves you. my two college age sons love

your show and they love you for your enthusiasm. >> that's what i want. that's how people get wealthy. now you're going to make mistakes, we all do, but that's the prescription for wealth. how can i help you? >> i started acquiring at&t stock in 1997 and i chose to hang on through the partnerships because i believe in the company culture and products. i see the price go down as high as 44. it's been a roller coaster. however, the dividends have never sold so with ceos new strategy of discouraging additional bats by giving up the media pursuit like warner media and directv, instead focusing on the core connectivity business, should i continue to be a loyal at&t supporter and hope it can reach $44 again, or should i cash in on the recent ride? >> first of all, thank you for your concern and your

endorsement of what we do here. i will tell you hold it. i think that they pulled it off. it's great that he changed his tune. i think the stock goes higher and well played. as we take you onto bitcoin hitting the $100,000 level, it's important that buying and holding stocks is going to be just as lucrative as bitcoin. i think it's worth running both assets. that's my plan. i'm breaking on the latest earnings from this dollar general and five below and dollar tree to see if the names are worth keeping in your cart every stuff that is tough stretch. then, hot performance, can those last? i will tell you where i stand on reddit and many others that have soared since joining the market. and what's ahead for fintech player upstart? i'm putting the ports head-to- head and review where i come down. so stay with cramer . >> don't miss a second of mad money. follow @jimcramer on x peer have a question? tweet cramer. send jim an email to madmoney.cnbc.com or give us a call at 1-800-743-cnbc . miss

something? head over to madmoney.cnbc.com.

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>> have the dollar stores from the gotten too cheap after their massive declines? this year, since yesterday, we've heard from dollar general, dollar tree, and five below, which is dollar store jason and for the first time in several quarters, you know what, the news was not all that terrible. let's take them in order. dollar tree yesterday morning with the stock that was down nearly 50% for the year going into the corner, expectations weren't exactly skyhigh, but at least they were finally low enough for dollar tree to deliver clean top and bottom line with sales growth. at the same time, raising the

for your forecast. since idolatry is taking market share. they have more traffic and customers are spending more on each visit. traffic was especially strong at the family dollar subbrand, which is struggle since they bought it years ago. that's kind of struck me really by surprise. now over the year, they been hammered, relentlessly because the dollar stores, they had to raise prices to offset the higher cost, plus they came at a lower income households who budgets, we know, are most stretch. dollar tree has found a way to cope, though. peering cheap food with consumables accounting for nearly half of their sales. it's big. and that's what they really want. unfortunately, the other half of the business is crushed. multi priced 3.0 score format, which offers various price points as a way to retain their value proposition most of caring higher-margin parts. companies converting to 100 -- to this format last quarter, bringing the total number of converted stores to approximately 2300. these stores now produce roughly -- and the stores were up 3.36%.

at this, consumers are up 6.6%. of course, it wasn't perfect. they beat expectations but of course, the bar was pretty low. with the expectation that december will be impacted by a shorter holiday season, it turns out there are, indeed, five if you are selling is between things giving and christmas is here. doesn't help that daughtry is still looking for a new ceo, as well as a new cfo. following the 10k. i would say out. there's also a question of potential cares -- tariffs. when they last dealt with this issue, dollar tree was able to mitigate the majority of the potential impact by negotiating lower costs the suppliers, changing products or pack sizes or dropping on economic items. you want to say that all three of these options are once again still at their beck and call, i think but well, it won't be cheap.

next up, last time, we heard from five below. another value chain where everything is five dollars or less. you know, this was good because the stock shot up more than 10% today. although yes, it is balancing on very low levels. what happened? they delivered a monster $.25 adjusted earnings. substantially higher than expected. and the sales are up 6% but also looking for a 4% decline so that does count as a huge -- they actually had to pronounce that disaster back in july, along with the news that the present ceo, joel anderson, been on the show a couple times, has stepped down the -- nfl speak for fired. don't worry about him. since then, five below has been interested in improving the value of the products i think it's working. for a long time, the key differentiator was its ability to quickly identify new trends. capitalize on them. a treasure hunt convicts parents for its customers. it tells us they are back on track with management calling out tailwinds intact, style, and candy. always like their candy.

an assortment. with a strong seasonal assortment itself, which represents half the business. as for the current quarter, five below since the holiday season is off to a solid start with black friday we can coming in line with their own expectations. even though they face the same shorter holiday seasons as everyone else. imagine also that the ceo will continue his role as coo, while winnie parks, new name, co of forever 21 will be taking the reins of five below. encouraging but he is a very tough road ahead. potential tariffs put in by the second trump administration. you see, making that happen will be easy because in a staggering 6% decrease comes from -- which report this morning. unlike five below, this one barely budge because they were more mix. better than the expected revenue.

maybe to the big hurricanes in the southeast, though, dollar general war better-than- expected, driven by one .1% increase in average transaction amount and a .3 increase in traffic. meager but better-than expected. like dollar tree, dollar general seems significant growth in the consumable category. unfortunately, they contain some of the lowest margin of the sort. while the quarter ended on a high note with same-store sales growth being the strongest in october, imagine that the last full calendar weeks of august and september were the weakest of the quarter. customers are living paycheck to paycheck still and that strongly affects their budget and that suboptimal. the high promotional environment position throughout the quarter and they expected to continue into the next year. suboptimal. so after hearing from the discount general gang, where do i come down on these? at the end of the day, most of the dollar store names got too cheap. looking ahead, they've got some real problems. amazon and walmart. they are competing with each other and you know, no amount of trump tariffs can be pretty

costly. i found myself wondering, why do we have all these dollar stores? are they really offering more value than a costco or walmart or an amazon, walmart is doing great? why make things harder on you by owning dollar tree or dollar -- i probably go five below. this got better formula than the standard dollar stores and i'm eager to hear more about this new ceo and what she's bringing to the table. consider this an invitation to explain why there even getting more excited than i am right now. mad money is back after the break. >> coming up, cramer is reviewing this year's class of ipos and giving his take on what the last 12 months of public debuts signal about this market , next.

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it's... ...like real food! it is! he's a happy dog now. he's a happy, happy dog. he's a happy, happy, happy dog! >> in this market, even if you took a breather today, oh, not necessarily tonight, you need to stay levelheaded. i'm not borrowing a page and sing don't believe the hype, but i would be remiss to say that there are definitely areas of excess out there. someone with a sober, albeit scolding perspective, to balance out the relentless o2 sats y field tonight, it's, there's another area where things are getting frothy and that's the best performing ipos of the year. a real favorite of mine, reddit, once we reach the

summer, even if they are already up huge him and read has been a part of that process. yet the stock of reddit, which i have repeatedly, unabashedly praising his rdf over 300 for the present from where it went public. the ipo price is at $34, opening at 15, -- i hundred 53 as of today. now don't get me wrong. again, i love reddit. the stock. i love reddit, the number. i love reddit, the business. a little more mixed on read the message boards because some of those reddit's are full of people who make me look calm. and i was worried this will become a cold stock but after speaking with steve huff, hoffman in may, right after reddit, i embrace the stock. really terrific at his job. upsets the price. it's a truly unique property in the digital advertising space. this best way to reach certain consumers is no one else's getting into these groups. so again, i'm giving you my

credentials as a reddit lover, not a hater. i've been in this stock since may. the latest report was a thing of beauty. it's a wonder they served 32%. it just keeps going up and up. it's hit all-time high on the 21st, but after a quick pullback last week, it found another win. back to the 150s. as a terrific but here's the problem. with the stock now of more than triple where was when we spoke to hoffman in may and nearly double when we last spoke just five weeks ago, yeah, it's starting to feel a little excessive. reddit is up -- 13 times the 2026 sales, but that is before interest taxation depreciation. and i've got to tell you that i don't think there's anything wrong with those levels by any conventional standard. by comparison, the social media gold standard, which is a meta platform the 2026 revenue assessments less than 12 times the 2026.

now, again, i'm going to caveat. you can argue that reddit deserves this massive preview because they are still too low even after 3b and raise scores at the gate, with accelerating revenue growth, anything feels possible, but it's incredibly hard to justify this kind of justification. i think i have to agree with that. rather than lecturing you about how the stock is too expensive, i would six. how this happened because is not just reddit. that's one example. nearly all the best performing examples have shown up to certain levels at this point. we just haven't seen that many deals in 2024. scarcity value. according to renaissance capital, the ipo research firm, we've only had a couple of -- and that's up 31%, still down huge from 221 deals in 2020. the ipo market is still below 2019, 2018, 2017 levels. many companies were hoping for interest rates to come down and in some ways, we still haven't gotten over the great bust of

2022. plus, the best private companies don't really have to come public anymore. they can raise as much capital they need in the private market these days. many people that we get a huge apo -- ipo. this is a huge thing that competes with snowflake. they never came through. and now we know why. data breach is working on a $5 billion -- 55 billion. they don't need the public marks. just one of the highest valued startups in the world. openai. every 6.6 billion hundred $57 billion evaluation in october, tons of fighting from nvidia. it is valued at 210 billion in a tender offer of shares this year. apparently, a similar transaction, this time, 350 billion. just like tesla, they cannot get that trump free him and doesn't even need to come public. if these company did come public, they would have to

answer scrupulous analysts and investors every three months, not to mention the s.e.c., the security exchange commission is very hard on ipos. if a small group of venture capitalists is willing to -- give them all the money they need, they have zero need or interest, frankly, to come public. advocates way to public -- difficult to come public. i hope they do selling about it. it's wrong. because the great companies that do come public suddenly have real scarcity value. it's not just reddit. when you look at the seven best performance from the ipo list of 2020 for all the ones that have more than doubled from their offer price, you can see the same dynamic. there just aren't enough deals. we need more ipos. consider leverage. this is a land and resource company that conservers -- covers this is one of the hottest areas and markets. to see texas pacific land court. landbridge is bill perfectly. that is a high area, too. so they are roaring. as there are lapses in a.i. infrastructure play. so they are up 120%. senior housing and other --

zoom, zoom. upper hundred 41%. these are all insurance companies with premieres at their highest levels in years. these shiny new objects in a hot sector have both double. so what's happening in this space, i think this froth and ipo land is the result of not having as many ipos as we expected this year. think about it. the best performers put up such spectacular gains, you would think companies would be rushing to come public but that just hasn't happened because there's so much more venture capital money floating around and it's so difficult to come public. how long can this last? at least until we start seeing many more ipos with much more money being raise. and when that happens, you will start seeing people sell this year's top-performing ipos to raise funds for the next big deals. that's the typical tale of the market. these ipo cycles don't run out of steam until we get flooded

with new supply and there is no more money left to buy stocks. but we are nowhere near that point, are we? we see pretty darn far away with these new highs. here's the bottom line. i'm begging you to remain grounded in this environment of incredible exuberance. if you are in one of the ipos, why don't you sell some of your position? you're playing with the houses money. remember, all these gains are purely on paper until you ring the darn register. yes, there's a good chance that you will make as much money because what i'm saying, but there's also a good chance that you will have no regrets if the market ever takes a big hit. and these red hots will cool down. something that now her again -- now i get has happened. and/or if it happens. you can always get right back in. like i happily took off the table but really great news here is that you got reddit when it was first recommended you can always take some off the table and play with the houses money. making it impossible to lose. let's take calls. let's go to joe in new york. joe. >> hey jim, how are you? >> i'm good, joe, how are you? >> doing so well, thank you for taking my call. my friend, it's oracle. there -- i don't know, should i hold onto this? what is your

outlook on it? >> it's funny you mention this. i talk a lot about the winners. i have to tell you that i took, i took a hit on oracle. because i kept waiting for the turn to occur but the turn is now occurring. it is up a gigantic leap. it's up 67%. taking wilbur off the table, i would my doing that but someone might just you told us to get a bit much lower therefore my credibility is not as great with oracle. it's one of the many stocks we talk about but i still thank you for your trust. let's go to john in washington. john? >> boo yeah, jimmy. >> oh man, the chill man is in town. was going on? we are chilling here. what you think about -- stock. 2025. >> don't like the autos. rivian is a safe bet to stay alive, which is what i care about, but as far as the common stock, i think they should keep raising money. it's really hard to be an auto company. i need to go to robbie in california. robbie? >> jim, we are from california. >> boo yah.

a few weeks ago, you said to hold off on supermicro. but i'm going to back the truck up. what do you think? okay, so this is really, this is a difficult one for me, and the reason is because of my discipline of accounting regularities i can't file like that. i've been saying for a while now and i can't deviate. there will be other people saying it's worth the risk, my rules that are grounded 40 years say that the county regularities, it is not going to be so that i can recommend. all right, now listen, you have to stay grounded. please, and if you do own some of these red-hot items and you got into some of them because of my relentless pushing, i suggesting you sell some of that position. playing with at least some of the houses money. much more mad money ahead, including my look at the cases for upstart and for some contradictory analyst moves. plus, i am giving you all your latest -- so stay with cramer.

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>> lately, we seen some crazy moves in the financial technology space. people are betting the trumpet menstruation has a much more laissez-faire attitude, the fintech games have been remarkable. robin hood up 56%, so five technology -- and those are the big boys, the small ones are much higher. that's why i want to focus on one particular fintech play that you might be familiar with from the show. for those of you who don't know, upstart is the consumer letting -- lending platform that connects the a.i.

models and cloud software to make lending decisions. at the same time, they do a good deal of lending on its own. this company became public at the very end of 2020 and it was one of the hottest stocks for much of 2021. rising from and ipo place of -- when all-time high of $401 in mid october of 2021. and then it just collapsed. like all the other hottest stocks of .21. all the way to $11 at its lows in may of 2023. even though it recovered from both levels, it took a long time for them to get its groove back. by late june of this year, it was still trading at $23 in change, barely up from the late 2022 -- 2020 ipo price. in the last few months, though, it has caught fire. in the mid-70s, including a 45% gain just since the election.

i bring this up because earlier this week, we saw two different analyst take drastically different positions on upstart. on monday, j.p. morgan downgraded the stock from neutral to underwhelming. the equivalent of a hold to sell. even as they raise the price from -- then on tuesday, redbird atlantic up played upstart from neutral to buy. $95. j.p. morgan announces thing that the funds are basically over. just getting started. who is right? i love these analyst face-off situations because they have the best arguments for a stock and that allows us to get to the problem. and by the way, if you own it, it gives you a lot more staying power, you will feel a lot better and if you don't, okay, make your decision. why don't we start with more negative feeling firm j.p. morgan. this is part of a broader sector note, the nine stocks and the analysts in analyst reginald smith's fintech coverage universe. the j.p. morgan analyst noted that these

nine fintech stocks had increased by $67 billion here you're today. with all that value creation coming after the fed's first rate cut while lower rates are deadly good for many of these companies, the analyst don't believe that they are that good. the j.p. morgan team didn't come out against the whole group though. they like shop if i, the e commerce enabler, and a firm, which does by now, pay later. i think both companies are critical but for upstart specifically, they can no longer count on the stock valuation -- the last time he was in the high 70s, it was doing $13 billion in loan origination value. a time it's current run rate, industry, upstart financials are much worse than they were three or four years ago. specifically, the company has much more revenue these days. they are effectively bringing in 600 million versus 849 million in 2021. upstart is currently unprofitable, too, where it was pretty money back in 2021. that's because people were much more interested in getting loans from upstart back in the days when interest rates were super low. on the other hand, upstart was a

$400 stock in late 2021 but it's really a $74 stock now. it certainly to flexing of fair amount of attrition and we should noted that the expectation for 2025 and 26 are much more bullish than the numbers. a return to profitability after losses in the last two years. as far as i'm concerned, you should not be basing your stock picks, rather than what's effective for 2024, which is over in less than four weeks. but j.p. morgan is not wrong that this company is a heck of a lot worse than it used to be. what's the case for upstart? analyst simon clinch got some interesting ideas here at a convenient level summary of the top of the know. he claims that upstart now has two consecutive quarters of positive earnings oppressive -- surprises. we see a clear, positive inflection and fundamentals, which in his words, driven almost entirely by the company's latest a.i. innovations. beyond that, there's still

upside potential, which makes sense to me. basically the argument is that the worst is behind upstart at this point. as long as the tech keeps -- the fed keeps cutting rates, that's unquestionably true, but then the analysis as they can get up to two and $50 in the next five years. that would represent a 244% gain. he merely raised his price target to $95. now the 30 plus page upgrade goes into much more detail than that. offering detail on upstart's new a.i. technology and also getting to the new -- home auto loans, equity lines of credit. they also argue that they should expand as the company goes from finn to task. that's super funny. so where do i come down on the

situation? i recognize that things look better for the company today than they were and they really have for most of the past few years. call me skeptical about the business, especially with the stocks moving so much. it was shocking how quickly they fell apart in 2022. much of the bullish miss here, wall street's getting a little have itself -- ahead of itself. which i don't think you're going to have. the economy is just too strong to merit that. if it doesn't happen, i worry upstart will start to make those numbers. more boldly, i'm not really totally convinced that upstart a.i. lending technology is all that different from what a bank is using patrician -- traditional pico scores. the real problem here is we have no idea how to value the stock. so the stock is basically training at -- trading at 70 times of a number already have no conviction in. so as long as it pertains and sees it deserves to trade more like a financial and less of a tech stock.

on truly happy for the upstart goals, i really am, i'm not ready to join their camp yet. especially considering how much the stock has already run. might be we are circling back but you know what? i prefer shop if i -- shopify or firm no matter what the fed does. mad money is back after this. >> coming up, cramer takes your calls, and the sky is the limit. it's a fast fire lighting round. next .

>> lightning round is sponsored by charles schwab. trade brilliantly. >> it's time.

-- and then the lightning round is over. are you ready? the lighting round. why do we start with sean in ohio. sean? >> jim, love the show. thanks for all the hard work you and your team put into this. >> team was a lot of hard work into this. we come in early, we stay late. how can i help? >> so i was looking for a non- chipmaker a.i. infrastructure. you know, data centers. >> sure, i get you. i get you. and i came across a company called -- d.a.r.t. -- you just came across it. others have come across it long before. we've had them on. i know the company really, really well and it's up like 10 times. is what matters. if you buy some and the come in, i just don't want you to buy all at this level because

it is very high. let's go to stephen in rhode island. stephen. >> hey, jim cramer. >> thank you. >> first-time calling, longtime listener. >> very good. thank you. >> i want to say thank you to your crew because they are the best and my stock is sign. >> oh my. it finally happened. our chief scientist and also researcher here. we realized, holy cow, it finally broke out. i thought it never would and all i can tell you is once they go parabolic like this, you usually have a couple more days a parabola, but please, i could not believe that it finally happened. i knew it had to happen but it finally happened. let's go to reese in pennsylvania. >> hey, jim. my ticker is -- this is what i call an up stock. okay? everyone has decided that this is the fintech want to buy. they come on, they've been

highly promotional. island reversal today, which i typically don't like. i think it's had -- let's go to patrick in california. patrick. mr. cramer, thank you for taking my call. >> of course, thank you. >> my question today is about -- holdings. >> all right, now this is hvac. we've been getting a lot of these infrastructures. no problem with that but if you're going there, i insist you go into train or carrier. along with this, if you are going to -- i like the others because they are not spec. how about we go to glenn in california? glenn? >> hey, im, thanks for taking my call. >> of course. just wanted to let you know that i've been a very happy member of the club since day one. >> yes, thank you. >> i want to let you know that because of you, i made my first purchase of nvidia back in august of 2017. >> well played, well played. we made a lot of money together then. thank you so much. >> really. so thank you and bring the company to our attention.

>> is all on jensen. he's a remarkable man. thank you. go ahead. >> i want to ask you about the -- if it's okay, i also want to ask you about -- >> disney, i was talking all day about but i think it's ridiculous that they put $120 -- and 116. that's a purchase. sky wards is a much -- i think if you have to suffer through one quarter or even two quarters before you get a turn in there. it's going to take that long. why don't we go to trhs in texas. trh■? >> jim, as soon as you walk in my office, you see a picture of my wife and i on our wedding day, is a constant reminder of just how lucky i am to own this -- i mean -- >> i get that. i make" and myself. i get it. >> i look like bruce wayne when i put this bad boy on. welcome to wayne enterprises. my question is, do i end up with batman money if i load the boat on stock here? >> pretty specifically as i did not really understand it but i

noticed that that's not enough. i'm going to have to do a full workup and probably -- let's go to joe in new jersey. joe? >> hello, mr. cramer. >> joe, how you been? >> i been pretty good, doing some christmas shopping and i just want to know, it's a fine line of apparel and all that i buy is ralph lauren. here this level. >> i have been, ever since patrice came in, i have just thought this was one unbelievable situation and i'm doubling down right now. i think it goes higher. i like our help. and that's the conclusion of the lightning round, ladies and gentlemen! >> the lightning round is sponsored by charles schwab. [cheerful music] [phone ringing] not all multimillionaires build their wealth the same way, you have... the fearless investor. the type a cpa.

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>> the blurring of traditional investments with any other attempts to make money has started a little ridiculous, i think. what else can i say when i hear that they are considering moving to sports betting, yes, it could take the form of event contracts like they put out there. and you may dismiss, but the news was definitive enough to momentarily knockdown the shares of family companies like draftkings, and -- entertainment which is behind the espn bet. that's a statement. first as i said at the top of the show, i am fine with alternative investments like crypto as long as they are part of a diverse portfolio. if you insist, although i'm certainly guest it, you can make daily fantasy football bets as part of your portfolio for all i care. one guy talk to pretty sane experimenting with some point over the holiday and i'm sure some people said a good idea. i was thinking more about

purchasing a different aristocrat. oh, i forgot, just give me some dogecoin. but let's step back for a bit. we've been running -- about owning nothing but bitcoin or the building of a high risk portfolio filled with the stocks of companies that lose money. don't want you to purchase stocks -- perhaps to the point of overkill. you know why i'm a hardliner on this stuff, though? because anything and everything can go down like many of the great stocks that went down today. i keep stressing this point because while it all seems so easy to own winners and stick with them in retrospect, it wouldn't feel so easy if these things were going down, too. we've experienced an unprecedented loss and pretty much everything and i mean everything. you might think now that you are a brilliant investor, whatever the heck you are invested in and you're probably feeling rich, at least on paper. but let me throw in something

else that you need to consider for whatever you ask, you think you have profits in. whatever non-fungible token, whatever you have with a chip stock that you join, you most emphatically do not actually have a profit until you sell something. right now, it sounds like a horrendous sound. jim cramer, hitting the cash register, making me -- he's keeping me in my mythical seat of poverty. i sent you need to imagine a world where they not only going up, imagine a world where the bank doesn't take warmer profits. i member speaking about some stocks that proceeded to double and even triple back at the turn-of-the-century. lots of people listen but to either didn't hear me when i said you had to get out now in mid-march or 2000 or they chose not to listen. if you didn't sell the.com at that point, you know what? you she lost her shirt and you end up huge. as my late mother-in-law always said, it was all fun and games until somebody got her. so go hug your kids over the holiday. deck the halls with balls of

holly. don't forget to purchase some meme stocks and put them out for santa. he will like them a lot more than the plate of cookies that you been putting out for him. and, as long as it rings the register, on his part of this position, he, too, can let the rest ride. just for you right here on mad money. i will see you here tomorrow. i'm jim cramer. or fight each other for a deal. this is "shark tank." ♪♪ is an innovation in personal security. [ laughs ] corcoran: oh, it's a real llama. wow. are they cool. i've never seen one. have you? o'leary: that's crazy. wow. [ laughs ] hi, sharks. my name is nick nevarez.