not a good person, as it turns out, if you've been watching -- >> really strange pull. >> current gh? >> current gh. >> is there current gh? gh is still on? >> do you have a trade, please? >> gilead. >> quick! >> "mad money" starts right now >> "mad money" starts right now. my mission is simple. to make you money. i am here to level the playing field for all investors. there is always a bull market summer, and i promise to help you find it. "mad money" starts now! hey, i'm cramer. welcome to "mad money", welcome to cramerica. my friends, i'm just trying to save a little bit of money. my job is not only to entertain, but to explain what is happening. comment 1-800-743-cnbc. the data center is dead. long live the data center! enterprise software is dead.

long live that software! momentum is dead. long live momentum! yes, today's decline is about those three obituaries, all of which i'm going to tell you about a bit prematurely but that is why the dow dipped 143 points. and the nasdaq lost 0.25% with some real deterioration under the hood. lately, the data center stocks and enterprise software stocks have been the leaders of this market. it has been that way ever since the election within the engineering and construction stocks gave up the role right after the postelection spike. you know i think leadership is incredibly important when it comes to the stock market. we have seen a level of excitement about data centers and how they are knowledge factories. they make everything we need for generative a.i. and the world of nonexistent beings who can do customer service jobs better than we can.

at the same time, we have fallen back in love with a couple of companies to help engineers create programs that do everything under the sun, just like the data center enterprise software is invisible to you and me and most traders. they both have momentum and that is highly visible. they offer scale, speed, wonder, excitement, think supermicro, then behind the data center itself, of course, what do we find? nvidia. we don't know what exactly triggered this two day pullback and we don't want to play pin the tail on the selloff, like everybody else, who think they do. yesterday, i was working on a lead about how 18 companies have reached the $100 billion mark in 2024. some big fund was actually laying risk off in this very same cohort. we know, from the investment group, that all 26 of the russell 1000 stocks were up 100% on the year through last friday. we know the field yesterday with an average loss of 5%. you get a in the momentum

armor, it does combine two fairytales, a dutch boy, and humpty dumpty falling from that wall with a bunch of kings and not even a bottle of elmer's glue to be found. let's go back to the data centers and enterprise so far. right now, we know the world of artificial intelligence, generative a.i., accelerated computing, and now gentex. when people start g billions of dollars into something called gentex, i might just have to throw the red flag. typically, because you won't find that word in the oxford english dictionary even though i use it a lot. does it get any better if you use chatgpt to get a definition? the genius that is chatgpt tells us, and here, i'm going to quote, the term agentics is not widely recognized or formally defined in mentoring english dictionaries or academic fields but it appears to be a narrow get some that combines elements of the word "agent, close good and "dynamics," or potentially other suffixes based on the context. now, if chatgpt doesn't know what agentics is, how the heck are we supposed to figure it

out? we do know this, though. it is nvidia that has been talking about agentics as well as salesforce, at nvidia's stock is truly under attack by sellers. it has been besieged for days now, down under $10 after a four day losing streak with the damage getting worse with the people's republic of china now saying it is investigating nvidia for monopolistic behavior. i thought that might come to an end last night when taiwan said the manufacture of nvidia chips reported an astounding 34%. by the way, it looked for momentum like it would, but then they got their engineering starting a hideous rollover, one that spared no cushions for anything related to semi's. nvidia fell $3.74, down 2.69%. there is a lot of shadowboxing here, but the plummet in oracle, which wants to be the biggest builder of data centers worldwide. don't let anyone tell you otherwise. stunned us right from the

front, right from the get-go, saying she expected cloud revenue, not that long ago to reach 25 billion this fiscal year. that is staggering, people. the rest of the goal is all about insatiable demand for more data centers and how oracle can't build them fast enough. the review chairman of the board and chief technical officer told a story about how oracle can build data centers faster and cheaper than anyone else on the planet and they don't burn as hot. i was blown away. we just extend our a.i. performance advantage by delivering the largest and fastest a.i. supercomputer in the world, scaling up to 65,000 nvidia h 200 gpo's. think of it. we have nvidia, supercomputers, demand, demand, demand, we have an amazing company, oracle, who says they can't meet the demand. there is a reason 4 of 6 analysts on the conference call offered a congratulations, that is the greatest endorsement they can get. oracle's stock from the number the printed, more on that later, but most were. some not.

given the stock was up 80% from the year before last year's report, we needed to see some perfection and we didn't get it. oracle's swan dive splashed red ink all over the investors. more on oracle's plummet, coming up after the break. that is the a.i. side of the downfall. what about the enterprise software side? that was more harsh. it was based on the collapse of a stock of a company you may have never heard of, it is a tremendous company, just like 10 under tremendous companies, allows you to store cloud memory and they reported last night, it was very fantastic, terrific. it has just been incredible. right until the number is printed, the stock jumped 20, 30, then 40 points. i started kicking myself and we didn't know for the travel trust. i was already thinking about how to explain the oversight, and then i read that some guy i had never heard of was the ceo and cfo was retiring after 10 years, michael gordon.

sticking around for three weeks, then he is out of there. i thought he had a ton of good people, like a major team outfit, you know what i mean? like an nfl team or something. but it turns out, no, no, no, it was michael worden, he was the man. at least that is what the stock is saying. it plunged 100 points from its high after it reported last night to where it got to. michael gordon, michael clayton. so there goes the enterprise software neighborhood, applovin down 6%. of course data dog is down 3.9%. they all got slammed. only the king, service now, was spared big as it seems to do. and tesla was up again today because it is tuesday. i know it looked on the surface like things were fine in mega cap land, with the quantum chip, and industrials looked very strong. but, today was about reversing

the enterprise software data semiconductor rally. and instead, we got the money flowing back to its rightful industrial place. guess what? boeing is back in the business of making planes again. who would have thunk it? bottom line, honestly, i don't mind a day like today. the stocks that had gotten hammered had all gone parabolic. those started really back. not that i don't like myself anyway or you know i wouldn't be doing this show. today was day two of the selloff and you know what? there is more to come. hey, why don't we start the questions? i think we start with andrew in new york. andrew? >> puglia, jim. >> my pleasure. >> what a birthday gift i get to have. >> oh, i'm happy. excellent. what is the stock? >> a huge fan of your

investment club, definitely recommend joining it, it has been a game changer, thank you for that. >> oh, man, thank you. >> thank you. i wanted to pick your brain about l eli lilly. which brings them billions of markets around 80%. so, i have started to try to build a portfolio on the future of healthcare. my grandpa bought lilly in 1979, he is always reinvesting in dividends. he told me to buy it and i bought a couple shares a couple years ago and i absolutely love it. >> okay, here is the deal, right now, lilly has lost its momentum, announced a $15 billion buyback and nobody seems to care. all of the drug stocks have been down, a lot of people worried about the new president coming in, a lot of people worried about bobby junior. i say like this, sometimes with pain, big gain, we had it in

the first go-round, the second go-round, and we are now endorsing a third go around of pain. i tell you if i could take a match in light it to my head, i might say, eli lilly. but soon, the match goes out. roy in california. roy collects >> hey, jim, how's it going? >> couldn't be better. how about you, roy? >> can complain. i have a little concern, though. i'm looking at uber and with the expansion of limo, and i heard about a deal between waymo and waymo, i'm trying to figure out how to play it, dropped considerably the other day, with waymo. >> let me tell you what is going on with uber. we are now in a charters market. is there anything wrong with her? no. is there anything wrong with airbnb? no. bookings.com, they are all the same. when the chart is good, people buy them, and right now we are gripped in chart land and when charts are bad, people sell them, it shouldn't be that stupid, but it is. we are gripped by a wave of stupidity, the likes of which i

haven't seen since maybe jefferson said the first amendment allows stupidity. incredible. it was in the federalist papers. i read it. i was going to be a history professor. anyway, i don't mind a day like today. all the stocks that sold all had gone parabolic and what did i tell you about parabolic? it is all fun and games until somebody gets hurt. what is ahead for the regional banking space? they are no parable. i like this. plus, a tale of two tech stocks, i'm seeing what is behind the opposite post earnings bruised between a.i. and oracle. it is time to make a little change. plus, convenience change giant, cases, you have never heard of them. i am breaking down to see if it has more room to run or if it is just going to be like wah- wah, which is not public. stay with cramer. don't miss a second of "mad money". follow @jimcramer on x. have a question? send jim an email to

madmoney@cnbc.co ogi um,r ves a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. ♪ ♪ with verizon, trade in any phone, any condition. it's your last chance to get iphone 16 pro with apple intelligence. get four on us.

only on verizon. (♪♪) (♪♪) (♪♪) everyone has goals and dreams. and everyone deserves a way to get there. wherever you're going, getting there starts here. state street invest in your future with dia, the only etf that tracks the dow. (♪♪)

where can nfl fans get a great deal that turns christmas day the only etf that tracks the dow. into game day? x marks the spot. the nfl is streaming christmas day games exclusively on netflix, and you don't want to miss a moment. gather round the game because nothing says holidays like family and football. now xfinity customers can add streamsaver including netflix, peacock, and apple tv+ for just $15 a month. stuff your stockings with tons of entertainment and tons of savings. bring on the good stuff. xfinity. doors take us places. so you bought a place. to new adventures. -oh. mwah. -planned... -and unplanned. -surprise! -they lead to goals. -for you, mama. and connect us to family. i didn't get the part. your dedicated fidelity advisor can help you open those doors. but i did get waiter number 2. because they know you. they can help you create a comprehensive plan for your full financial picture

and personalized money management with the right balance of risk and reward. doors were meant to be opened. the regional bank stocks caught fire. you know i love these stocks. president-elect trump's antitrust enforcers were probably that the merge again. many regional spent the last month pulling back from their highs. investors worry about higher inflation possibly causing the fed to dialback its plans to cut interest rates. take keycorp, the parent of regional bank powerhouse, keybank. more than 15% on the day of the election, and pulled back $18 and change. we know keycorp is a high operating, that can give us a lot of insight in the group.

investors were giving a presentation at goldman sachs and they agreed to stick around and bring some color directly to cramerica, so let's take a look. the chairman and ceo to learn more. welcome to mad money. >> jim, it's great to be here. >> it is a thrill for me to have you here because i think you are in the heartbeat of america now. there is no doubt about it. industrial america has, i think, the center of it is where you live. give us a sense of where it is cleveland now, say versus 15 years ago? >> there is a ton of momentum in the midwest and if you think about all the companies that have moved to the midwest and you think about all the investment in the midwest, i happen to be chairman of the ohio business roundtable so i have a pretty good idea of the companies that are coming into the midwest and there is just a lot of activity. then, further, last two years, there hasn't been a lot of transactional activity, and i

see a real pickup in terms of the discussions that are going on. >> now, what you have done are two things that i usually don't think can happen together. targeted scale and mass affluent. you are ironic, explain it to me? >> targeted scale, we are a $200 billion bank. we compete with people that are much bigger and there is also many banks that are much smaller and our whole approach, jim, is to be really relevant to the people that we are focused on. so, knowing how we win, where we win, why we win. for example, in our commercial business, we are focused on seven industry verticals and focused on companies in the middle market so while there is 4400 banks, for someone to compete with us, they would have to have a balance sheet, have an integrated corporate and investment bank and be focused on the same industries that we are, so when we talk about targeted scale, that is what we mean. >> now, a lot of people thought, you can't do the corporate investment bank anymore, you can't get the analysts that you need, it is not worth going up against the big guys. that is not your case? >> no, not the case at all.

there is no question that there is a lot of companies that are focused on the biggest companies, but there is a real unmet need for these middle- market companies that need to get strategic advice, need to be able to raise capital. for example, jim, in the last 12 months, we raised $90 billion for our customers, so that is pretty remarkable, when you think about the size of the institution that we are. >> well, i have got to tell you, i also love the fact that the number of people, 250,000 to 2 million, talk about an unserved market. unfortunately in america, those people are considered not big enough. that is ridiculous. >> well, you are right. this is a great, unmet need. when we talk about mass and fluent, we target people that have between $250,000 and $2 million to invest. we have 3.5 million customers, we have perfect information, as you can well imagine. 1 million of our 3.5 million customers have between $250,000

and $2 million to invest. right now, we are only doing business with 10% of them, so we have been focused on becoming not just their bank -- by the way, our average customer has been with us for 20 years, so they know us, they trust us, they like us, and they have this money to invest. they are basically ignored by a lot of the market. >> because the person can't make money off them, so to speak, but make money with them, which includes, i think, the use in your area. >> for sure. so, going back to the mass affluent, here is an interesting stat. in 2009, the household wealth in this country was a $60 trillion. today, 15 years later, it is $160 trillion. >> 2009 -- >> in 2009, $60 trillion in household wealth. 15 years later, $160 trillion. so, that goes back to the siege, unmet need, in 10 years of zero interest rates, it just has created a lot of wealth and we are there to serve it. as it relates to mna, as you mentioned, it has been really

pent up for the last two years because in the last two years, the financing markets have been challenged, we had the biggest hiking cycle in 44 years, so now a lot of these people that are seeking liquidity, i think there is going to be a big, big surge in mna. right now, our mna pipelines are as big as they have ever been. >> what about the investment that you got? which some people were worried about your balance sheet, a lot of banks have the same problem, they just were mismatched. they by 15% of key, $2.8 billion, what does that give you? >> that gives us the opportunity to really accelerate all the things we are trying to do, strategically. so, it gives us the opportunity to reposition our balance sheet, which pulls earnings forward. it also gives us capital, and gives us capital that enables us to have strategic flexibility as we go forward in the land of banking and it potentially changes. >> give me a little bit -- i know this is more of a touchy- feely -- but, the town of cleveland, i remember from the history books, rockefeller left it, and that was like a big

blow to the city. then you have the cleveland cliffs that hang around, but we have companies like sherwin- williams added to the doubt. ph changes is flavor. smuckers getting back on the map and making big acquisitions. these companies are very much on the move, now. >> there is no question, cleveland is a dynamic economy, incredible history, and it is just exciting to be a part of it. i mean, there is a lot going on right now. >> and then, finally, i just wanted to get a sense of, what does it really mean? the new administration, to you guys. now, you mentioned mna. i do get the sense from our business people -- and i am not trying to be political here -- but, there is a belief that morgan happen now in business then was able to happen before. and i will tell you, a lot of good stuff happened in business the last four years, but there is this unbridled belief that we are about to be unleashed. is that a right way to view

things? >> we will see, but i will say, the first thing that will happen is mna transactions will be easier to get done. >> right. >> it has been very, very challenging. there is kind of an overarching view that consolidation was bad for the consumer and one could take either side of that argument, but i think people feel like, you know, there is a lot of pent-up demand around transactions, and i think in the medium-term, i think you will see some changes, there. >> using some cleveland companies will want to do some big things? or, is it the billion dollar company merging with the billion-dollar company? that kind of thing? >> sum of all. i think you will see some of the larger companies buying other companies, i think you will see companies merging, and i think people will be looking for economies of scale. my personal view is that the economy right now could be on the precipice of some acceleration. and when you are on the precipice of some acceleration, people start looking at both organic and inorganic ways to grow. >> that could help by cutting rates to that? >> yes. >> i have to tell you, next

time i see you, i want to be in cleveland, because it is a changed town. >> i look forward to hosting you, jim. >> well, we are going to do it. me and my wife, lisa, her best friends live in cleveland, so we have to get there. i want to thank chris gorman, chairman and ceo of keycorp. coming up, the market a.i. craze has sent any name in the space soaring, but cramer is breaking down two players in the sector and explaining why one might generate better returns after the initial phenomenon fades. next.

you know what i really despise about the stock market? the short-term is missing. take a look at how wall street process last night's earnings report from oracle and c3.ai, this small firm of software, now come oracle of 80% for the year, c3.ai up 45% with nearly all of the letter earnings coming in the last month. now, the company announced its expanded partnership with microsoft. even profitable companies with spotty track records, which frankly is c3.ai in a nutshell. yet, with oracle, a colossal of incredibly run software company with a rapidly growing cloud infrastructure business. on the other hand, c3.ai helps companies create a.i.

applications for all sorts of use cases. tell me you don't have 100 of those out there, right? it has never turned a profit since coming public four years ago. nevermind it has been around since 2009, but after the earnings b last night, the stock shot into the stratosphere today only falling back to the earth after we saw some late day profit taking from some of the hottest momentum names. even then, it finished on a down day for the market, so what the heck happened here? let's start with oracle, which i think reported a strong quarter, even though they technically missed expectations. oracle's revenue came in a little light and they earned $1.47 dollars for share, while wall street was looking for $1.48. very simple. however, they only missed the headline numbers because of one off issues, like currency fluctuations and they are also taking a loss on non-core investment. which is why the bull quarter wasn't stronger, believe me. the ceo could have told an even better story than she did, if

you wanted to. more importantly, the parts of oracle's business that we care about, mainly cloud infrastructure and anything cloud related, they are doing incredible well. a.i. demand drove 52% revenue growth. that is an acceleration from 45% the previous quarter. we would have been up 55% if you disclosed the legacy infrastructure business. oracle's demand continues to outstrip supply, i have no reason to believe otherwise. growth in the a.i. segment of our business was extraordinary. gpu consumption was up to 336% in the quarter and we delivered the world's largest and fastest a.i. supercomputer, scaling up to 65,000 nvidia h 200 gpu's. the company touted an impressive list of a.i. companies including openai, nvidia, and this last one, meta with their large scale models. chairman larry ellison said "oracle continues to learned

a.i. training workloads because we are faster and less expensive than the other infrastructure clouds." and that nvidia chip gives them an even bigger advantage. that is wife they didn't report a huge beach and it is why the stock fell nearly $13. i get why you bring the red streak. i am not against that. but i say you should buy oracle into this week if you don't have any. fabulous company, red-hot stock. giving you a better entry point. after today's pullback, i'm not sure how much cheaper it is going to get. we did see some pullbacks in dale and amd that have been tough. it is doing incredibly well. what about this other outfit? c3.ai? to be fair, their numbers were generally good. they made clear about that right at the top of the conference call and meanwhile they only lost 16 percent of the share. however, c3.ai's guidance was

mixed, basically expecting higher revenues than previously thought but also larger losses. that is why i was so stunned to see the stock drop as low as 8% earlier today. the thing is, only thing anyone ever seemed to care about was c3.ai's newly expanded partnership with microsoft, the one that kept the stock's recent rally. "it is difficult to overstate the potential of the microsoft c3.ai alliance, by establishing c3.ai as a preferred a.i. application provider on azure and creating a microsoft-scale go to market engine, we are making it easy for businesses to adopt and deploy c3.ai applications." he then goes on to say, "this is an inflection point for enterprise a.i., driving growth." driving growth, got it. c3.ai's products will now be sold by the microsoft azure sales force. it could be a big deal but the

flipside is the company is making additional investments to support this microsoft partnership, which is why they more than raise the revenue outlook. i find that somewhat questionable. my fear is that as exciting as this microsoft team could be for c3.ai, it actually might hurt their profitability which is what really matters. still, maybe it sounds crazy for me to complain about this. oracle is up huge for the year. of course, the stock got hit. on the other hand, c3.ai be the numbers so of course it rally, but i don't like seeing a huge decline in oracle or the huge run in c3.ai because these moves tell me that the product is testing the wrong things, including it is too speculative. c3.ai is pursuing what i call growth at any cost strategy, very similar to all these enterprises. including c3.ai itself, were doing back in 2021, for the whole group went out of style and their stocks collapsed in 2022 but as i said at the top of the show, they have come

roaring back since the election. end of the day, i can't get behind c3.ai because there is a very simple rule of thumb for software enterprise companies. we call it the rule of 40. the idea here is that the software other needs rapid revenue growth or profitability if you are going to justify buying the stocks so you take the revenue growth rate along with the measured profitability, use the operating market, and you add them together and if the result is above 40, you know you have a good company. c3.ai's revenue growth simply isn't that fast, and they are big-money losers, so this company is never going to come close to passing the rule of 40. in fact, it had a negative score for the past two fiscal years and it is expected to have another negative score in the current fiscal year. it is so unprofitable that there 29% revenue growth cannot compensate at all, but really i think today's action was a mistake, at least you can use it to your advantage, either by picking up some oracle -- and don't buy it all at once. it is going to come down if this market stays weak. or, by bringing the c3.ai into suite, which i think you should do. i am not about cold stocks. here's the bottom line. i would buy oracle after this pullback because the most

important part is the business, which will be great. as for c3.ai, $28 billion in revenue. for c3.ai if you own it, take some off the table but for the love of god don't try to short the darn thing. it is a disaster in this market, the short period the cult of a.i. very much in charge even if the company -- the biggest a.i. companies and we hear them speaking like oracle and nvidia as i was talking about at the top of the show, continue to take it on the chin and these little guys continue to be loved. don in florida. don? >> boo, yeah, jim. >> boo, yeah, don. what is going on? >> yeah, i bought amazon a year and a half ago, and it has more than doubled since then. do i take some money off the table? or, do i go along? >> okay, if you need money, yes, of course, you should take some off the table. if you are someone who feels that the stock has moved too

much and you are concerned, i would take something off the table. me, for my travel trust, i am not, because even though i think the stock has certainly pulled back here, i like the long term and i have owned amazon for a long time and i'm staying that way. listen to me. while i don't agree with the earnings reactions, i would be a buyer of oracle, gingerly, not all at once, as they do down at this point. and if i own any c3.ai, you know what? all right, much more "mad money" ahead including my keys for success for general stores. and later, our people rolling the dice for profits? i will tell you what i witnessed. and rapidfire -- tonight's edition of "the lightning round." so, stay with cramer.

♪ i wanna hold you forever ♪ hey little bear bear. ♪ ♪ ♪ i'm gonna love you forever ♪ ♪ ♪ c'mon, bear. ♪ ♪ ♪ you don't...you don't have to worry... ♪ ♪ be by your side... i'll be there... ♪ ♪ with my arms wrapped around... ♪

harry and david is small batch, gourmet, and delicious. so, of course they run out fast. whether you want to say, "thank you", "i love you", or just "happy holidays" - send something special, beautiful, and delicious. order your harry and david favorites now before they're gone. the great barrier reef. huh? here we are. oooh. — g'day. — uh, where am i? australia! and you look like you need a vacation. show us what ya got. (♪♪) remarkable. yep! it's amazing. i love it! — what is it? — a wombat. come on! (♪♪)

jump! down under, g'day is the start of every good adventure. so, what are you waiting for? come and say g'day. (♪♪) about 15 months ago, we ran a profile of casey's general stores.

it sent stocks higher up more than 11% in a single day. i told you to put on a small position and buy more. at the time, the stock was just under $280, and pulled back to the low 260s after the last segment. giving you that ideal entry point. and now, now it is at $416 and change and i am calling that a total home run. >> house of pleasure. >> question is, can casey's keep rising? this is basically a chain of convenience stores so you might be surprised that it's stock is one of the best performers in 2024. what makes casey's different? if you live near a big city, you may not know this, but this company is the third largest convenience store chain in america. casey's flies under the radar because they put their 2600 locations in incredibly small communities. roughly half of their stores are in towns with less than 500 people. they are spread across 17 states but more than half of

their locations are in iowa, missouri, and illinois. so why you might imagine casey's general as your quick trip, while law, or just your local 711, this company is actually much more than that. it is not just the third largest convenience store in america, it is also the fifth largest pizza chain. and they've got some wild varieties, like breakfast pizza, which comes loaded with cheese, eggs, bacon, or sausage. to a new yorker, that may send like a crime against humanity but given how much the stocks run, there is clearly something genius about turning a bacon egg and cheese sandwich into a pizza. throw some tailored ham on there. i'm from jersey. this sport is special. there is a reason the stock gently climbed higher for the first half of the year before exploding higher in june after casey's spectacular quarter, up 16% on the day. since then, another 10%. what is driving this move? the reason i was such a big fan of casey's in the first place, is because of selective footprint. they operate in pretty small towns, so the main competition is other grocery stores and convenience stores. because there weren't any other big players in the area, casey's came up with a broader selection of goods and lower

prices. they have the scale to bargain with suppliers. casey's believes that most small-town convenience stores simply weren't big enough and are suffering from headwinds like declining tobacco sales, gradually declining fuel demand. this casey's is at an advantage, roughly 70% of its in-store transactions don't even include fuel. they have been slowly reducing the tobacco mix. again, this is a convenience store and a pizzeria. local convenience store competitors can't afford to build out full kitchens. casey's does that as a matter of course. we bring it to july, casey's acquires cisco convenience stores. roughly about 150 in texas with the rest spread over alabama, florida, mississippi. casey's will take the stores and make them into their own. last time i profile these guys in september of last year, they acquired 418 locations over the previous decade, although 259 of those stores were bought in the previous three years. casey's is starting to double down on it.

roughly 500 stores through 2026 fiscal year up from the 350 they previously forecasted. these guys are smart. best of all, they have a ton of room to expand. three quarters of towns with 5000 to 20,000 people don't have a casey's general. casey's reported its most serious quarter and even though the stock did nothing in response, these guys delivered a mount sterling's. $4.85 per share. that sent the stock down nearly 3% premarket trading. the stock bounced right back up. casey's has perfect inside sales which are a lot more profitable than what they are selling at the pump. between two grocery, prepared merchandise, we are talking roughly 65% of gross profits. sales only came in weaker than expected because of a 14%

decline on fuel, but that is a low margin business and casey's obviously can't control the price of gasoline. these segments continue to deliver with crediting innovation in this part of the store. casey's refresher sandwich platform features two types of chicken sandwiches, a quarter pounder cheeseburger, and some updates to the fan favorite bread in pork sandwich. good! as a result, sales of hot sandwiches were up 60% from last year. this is not impressive if you live in a big city. if you live in a small town, casey's might have the best food around. keep in mind pizza, a segment that needs more innovation, they have a jalapeno popper pizza earlier this year. how about this, philadelphia cream cheese, cheddar, mozzarella, smoked bacon cream cheese pizza topped with pickled jalapenos, mike's hot honey drizzled on top? hey, that breakfast pizza isn't sounding too bad, is it? to quote the great randy moss, "come on, man!" on the grocery side, casey's is even seeing strength in categories. i thought they were flailing,

calling out their energy drinks, but to be honest, i am not sure how they are doing it, but i am certainly not complaining. outside of that, the only real negatives from the conference call included some discussions around moderate cheese headwind. if you are going to sell a great stock on a modern cheese headwind, maybe you should just throw in a towel and by some darn government bonds. while i love to see casey's hit the revenue numbers, so many of the company profits come from inside the store and that part of the business is on fire. i love that they are making meaningful acquisitions, too. they have the best market for small-town convenience stores. however, given how much the stock has run, valuation has gotten stretched, it is not cheap. looking for a consistent 13% plus growth rate. many viewers know i am concerned about these highflying stocks but casey's is a solid perator, with great profits and very strong long- term story.

so, bottom line, let me echo what i said about this stock 15 months ago. don't be afraid to put her in a small position in case there is a pullback. save some cash for the sidelines so you get to buy more of those which get brought down by a market pullback which i expect between now and the end of the year. the perfect story and it will remain that way until you hear people in new york and california talking all about jalapeno popper philadelphia cream cheese style breakfast pizza. "mad money" is back after the break. coming up, cramer takes your calls. and, the sky is the limit. it is a fast fire lightning round, next! is it me... or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. because when your people work better,

everything works better. so, let's get to work. idris elba works here? mm-hmm. ya, he's super nice.

go to 1-800flowers.com, find the perfect gift and wow the people you love. wow! wow! this is amazing. whether you want to say 'happy birthday'. so cute! or i love you. i love you too. thinking of you. wow! go to 1-800flowers.com celebrate the people you love.

"the lightning round" is the sponsored by charles schwab. trade brilliantly. it is time for "the lightning round"!

bye bye-bye, cell cell cell, and the lightning round -- are you ready? time for "the lightning round". dennis? >> good afternoon, mr. cramer. seasons greetings. >> same. >> i would like to get your opinion on oxy. >> it is one of my least favorite oils. i know warren buffett likes it, but i don't care. i want that mix of natural gas and oil. steve in missouri. steve? >> jim, first-time color. >> excellent. >> i want to know about cooper company, the largest contractor in the u.s. >> you know what? i think it is a very good situation. i like your call. let's go to stephen in jersey. stephen? >> hello, jim, how are you

doing? >> i'm doing fine, how about you? >> everything is good. >> oh, good. >> sorry, i was just calling to get an answer, i had it for a while -- >> keep going. it has a 7% yield and if it goes down, buy more. i like energy transfer but i like it now for the last five points. let's go to tony in florida. >> hey, jim. thank you for everything you do. >> oh, thank you. >> i saw your text 20 meeting where you and jefferson were fantastic. >> thank you. the 1020 meeting is online. i'm glad you are watching. what's up? >> i have eli lilly but i want to start another osition in the healthcare stock and hopefully put this corpse behind him. what do you think about that position? >> i like that at 115. i think their legal stuff is largely behind them and we will find out. now that the fda and nih said we need that formula, i think you should stay on it, honestly. another situation is tragic. let's go to dimitri.

dimitri? >> boo, yeah, jim. >> boo, yeah. >> curious your thoughts looking at kindred morgan? >> kindred morgan has been good. finally getting its act together for this year, gets a good situation let's go to preston in illinois, please. preston? >> professor jim. correctly, i may add. thank you for that. i'm always learning from you. be willing to lose lots of money on. shortly after, it dropped nearly 50% and subsequently ran up nearly 100%. i will set the speculation aside and say, forget about it. what are your thoughts on wms? >> missed the numbers by a mile. when i see that, that means the

next number is going to be missed, too, so let's be careful, there. let's be careful. let's go to ned in ohio. ned? >> hello, five-star professor cramer. >> five-star? holy cow, five stars, not bad. not initially five, much of it more of a hotel five. how about you? >> doing very well, sir. i'm looking at my book here that gives a lot of your advice and i noted a couple weeks ago, you talked about speculative stock and you said a small percentage of that may fit in certain portfolios and that is okay. now, i have been reading about something that might be considered speculative. that is air taxis. i am interested in what you might say about a company called arch aviation. >> well, arch aviation is the ultimate in speculative and as long as you know that, i'm fine with it but it has very quickly gone up identically.

and that, ladies and gentlemen, is the conclusion of "the lightning round". >> "the lightning round" is sponsored by charles schwab.

(♪♪) (♪♪) (♪♪) everyone has goals and dreams. and everyone deserves a way to get there. wherever you're going, getting there starts here. state street. invest in your future with spy, the world's most traded etf. (♪♪)

i have worn a lot of hats during my time in this business. adviser, salesperson, venture capitalist, banker, you name it. every position i have felt the greatest way to pursue wealth is to know when you want it. winning gave you the right to take something off the table. nobody ever wants to hear it is time to ring the register. people forget the basics, like a buy low, sell high. i used the example of my mom, grandma louise, who is a ridiculous epithet because she didn't live long enough to see my show, but gambling with incredible discipline and when she was winning, she left the stock market and bought a cashmere sweater. if i were advising the people

pressing the stocks double, triple, quadruple, i would be telling them to immediately sell a position tomorrow morning to make sure their lives are set. i am seeing millionaires being created overnight tonight and they actually think it is okay for stock to sell at 30%, 40%, 50% 80 times earnings. they think it can get better. that inspired a lot of people and companies to do stupid things. consider me a skeptic. it was nothing like normal selling happening. they should probably leave the casino with some of their money. this is any piece of paper. as anyone hold on for dear life, we should be okay. that is the solid thinking behind all of this. meaning they see the business

as a game. they see the wealth as a game and as long as they strap themselves in, they should be fine. by the way, the game stock game is going right now, reported an awful quarter and buyers are storming in like they know something other than the miserable retail business. and the president and ceo of amc entertainment sold $4200 of the empty stock before the stock left. i have been the ceo of the 76ers. did he know something the others didn't? no, except maybe how to read a balance sheet name. neighborhood kid who went to my rival like no other seal like another think of, good for him.

especially good when the stock market is self. i bet most amc shareholders didn't sell when he did. they thought he didn't know anything. in short, you don't know what you have until you call it. but it is not really magical thinking. i'm looking at the insiders who aren't selling and have some plan for returning some of that long term greed into cash because they have won, they can't lose from here. they have all grown complacent so as we go into 2025 i am baking these people with these big gains to stop with the magical thinking already. for some of these stocks, it's more about alchemy at this point. stocks to go down. that is why if you have huge gains, you do need to take something off the table or else it will be too late. don't do it for me, do it for yourselves. we are bullish for the investing club.

i have sold stock i have known for 10 years this morning. 10 years! enough is enough. when the odds are just -- let me tell you, they are pretty slim for another one behind it. selling amc a $200 before it went to court. if you don't want to get back your gains, i think you need to follow in his footsteps. at least some of your money. there is always a bull market. find your tips right here. i am jim cramer. see you tomorrow! by working hard... sproing is the next big thing in fitness. whoo-whoo! narrator: ...by working smart... this is gonna be the number-one item on baby registries. -who thinks of these things? -that's smart. narrator: ...by thinking big... moki doorstep is here to give you the boost you need. since i was about 8 years old. -[ laughs ] -wow! within months, you're gonna see knock-offs on this. there's a real need for it on the market. we've got about $2 million of our own money into this. -wow! -wow! it's a dog. -- captions by vitac -- ♪♪