>> that dividend in pfizer is also close to 7% and they say they could grow. >> karen >> yes we talked about this yesterday, selling some upside calls in google, actually use the money to buy downside puts for flat. >> all right thank you for wahi ft.tcngas see 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 contract america. i'm just trying to make a little money. my job is not just to entertain but put things in context. so call me, tweet me sometimes we forget what we're trying to do around here we're looking to find good stocks at good prices and find

them we want to sell bad stocks at any price and kick them out of our portfolio. yet somehow, a not so hot day, nasdaq shed .32%, we tend to feel like it's only worth owning stocks that manage to go up today this session everything else, a total loser you got to get rid of it i get this feeling myself. you know, i was a trader for a considerable part of my life today would be a day where i would be looking for opportunities while casting aside others that weren't in keeping with that day's action often we start from scratch, no positions on the sheets. there would be points we were up a great deal at the hedge fund at some point in the year, and from there we just day trade commit a small portion of our capital, we didn't want to give up our year's gains. our rules are simple don't go against the tide. a day like today, we probably

would have bought some day and j. down big from the high two, make sure you aren't buying something that's headed down after you purchased it kick it out immediately. three, be mindful that you can't turn a bad trade into an investment that you kept overnight. that's the heart of a loser. if a trade doesn't work, you have to throw it out, throw in the towel by the closing bell. does any of this sound familiar? i bet it does to you because you hear it all day. i think it defines much of what we see and hear about stocks these days it says if everyone i watch has plopped down on that trading desk with us during one of these day trading modes where we had so much knowledge, yet it still was a fraction by the way of what modern traders have artificial intelligence these days can find the precise correlations between the drug companies. they'll know whether merck or pfizer would work best or merck no news or pfizer with news that amounted to something good because it wasn't bad.

all this is useful but i think as investors, we're putting on mental shackles if we behave like this. our goal was day trading, was the scalp pennies from the flow. that's a lot of risk for not much reward. it's better to zero in on dollars for the big picture. what exactly is the big picture? how about something that says, we announce thursday a nine-day losing streak for the dow jones industrial average, the longest since february 1978, when, if you can imagine, we had double-digit inflation and a severe lack of leadership. the federal funds rate was the 6.75% at the time, it would finish the yor 10% wow. at the start of a horrendous decline in the abyss of the late 1970s with super-high interest rates. now we're at the beginning of a rate-cutting cycle it's not a cutting cycle, it is, it may or may not go slowly, doesn't matter it's very different from the similar losing streak in 1978, a time when most of you were not alive and i was living with my

family how about the fact that we're heavily oversold when we've experienced this left of oversold negativity, minus 5.2%, only twice in 2024, one time in april where the s&p bottomed at 4967, advanced to 5668, another time in november when the s&p sunk to 5701. these were two of the best buying opportunities we had the entire year. but you had to be willing to go against the prevailing negativity with tons of articles and news stories about how something terrible was about to happen now, i know there are plenty of major events coming up i didn't say major negative events, just events. a big fed meeting tomorrow, we'll pretty much know what could happen there could be members who are more hawkish than others but we'll still have a fed chief hoe doesn't want to get too far ahead of himself even if the comment daters all wish he would. we know there are inflationary tariffs in the wind but we don't know their size, breadth or

impact that's why we're already oversold people saw this coming they're worried and they took action ahead they dumped stocks so they wouldn't be long or own as much when the meeting occurred. we've got loser stocks that are being torn apart, the heaviest nvidia, down 22 points from its recent highs, points, not percent. gee will customers what exactly is the matter with nvidia, down eight of the last nine days? i think nothing. the most important space of the entire market, it's wide reserve riding a wave accurately depicted by seasoned warrior matt murphy who said something amazing on this show about the size of the ai opportunity last night, listen. >> we are in an unprecedented ai super cycle for ai as a service, but also for the silicon tam underneath it. this is unbelievable

i've been doing this 30 years. pcs, smart phoneses, digital cameras, you name it, this one's bigger than all of them. >> nvidia is not being dethroned by any are any competitor. they are stateful customers who have no choice but to try to develop something but nvidia can't supply the chips to meet demand i think it's taking months run earners january 6th, 2025, nvidia founder ceo jenson wong will be presenting a keynote at ces, the largest tech expo in the world. and he's used that podium before to introduce many of the innovations. when a stock bottoms, i let a stock tell me what to do nvidia bottoms when a stock rolls over at the open, hits a level on big buy merge stops, before working its way back up to well above where it opened. that people, is called a

crescendo bottom when everyone of size who wants to get out has done so no need to jump the gun. but keep in mind that if you don't own any, you might want to wait right ahead of ces. another thing, if the stock opens up, please do not buy it it rarely works. final picture, we have been working on a series that tries to come up with bargains stocks that have been sold down so hard they only take into account the negatives and not is positives. in other words, they're precisely the kind of stocks i tried so hard to avoid when i was day trading but make perfect sense if you're investing. we were disciplined traders trying hard not to start a position and cut our losses no matter what. that's not what you want to do here's the bottom line now the goal is build position that starts somewhere well when where it was going out of style and the current version and being hit with heavy end-of-the-year tax selling. like some of the health care

stocks that we're ing tonight. you know why you do this because of the overarching principle behind good investing. buying low so so that one day you can sell high. or maybe not sell at all let's take questions bill in new jersey, bill bill >> caller: yeah, what do you think about paramount, jim >> over. don't go done let's skip it. let's find something that works. i think that disney, which by the way has pulled back nicely, what a great level to buy disney, maybe even tomorrow. let's go to bill in new jersey, bill >> caller: hey, merry christmas, happy new year. >> same to you >> caller: i have always -- i like when you put them props up there. remember the apples and the pepsico and all that. >> the old days, yes, the old days i'm down here on the floor of the stock exchange, i feel a little constrained, frankly, but

that's all right i like to tell the truth no one likes to tell the truth but me, i don't know why that is, go ahead. >> caller: you're the best, that's why >> i'm not a hack. i'm not a hack, thank you, buddy, thank you what's up? >> caller: it's pepsico. they're down 40 points in one year i can't figure it out for the life of me i like the stock still should i buy more, should i jump out? >> somebody asked me about pepsico on saturday in cherry hill, new jersey i said, it's not expensive, not a bad level to start a position. but i understand you're up against dash ones or the elusive story of what gop dash ones can do to a company that owns frito lay. craig in north carolina. >> caller: hello, calling from charlotte. >> what's going on >> caller: thanks for taking my call, enjoy the show a question for you about levi. >> "people" magazine, i was reading on twitter that "people"

magazine says she make the jean jackets. i didn't know anybody else made jean jackets i think the product is terrific. the stock itself at 3%, a 3% yield, 13 times earnings, is intriguing ralph lauren is better, rl. as we head into new year's, all we need is the overarching principle buy low so you can ultimately sell high or not sell at all i'm going to give you part two of our health care series where i run through names in that space i think i worth watching is a reversal in store for some of the moves we've seen that are powerful in december i'm going off the currencies of treasuries and gold. what's behind world come's monster move on earnings i'm racking the semi stocks on the heels of this action so stay with cramer.

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♪ all week, we're running a series of one of the most hated sectors in the market, and that is the health care sector. we're looking for high-quality stocks that have come down dramatically from their highs. and look in a market that's run so much, at least before today, it's worth combing through the laggers because that's the only place you can find good value. like i mentioned last night, there are 62 health care stocks in the s&p 500 and down 19.7% from their highs

sometimes because there's real risks. yet president-elect trump talked about the need to knock out the middlemen from the drug industry think the pharmacy managers and drug distributors. it seemed like taking part the pbms could become a real cost to this administration. i think much of the risk is starting to get priced in at this point that's why we're going subsector by subsector this week find opportunities in health care last night it was pharma and biotech. tonight it's the medical device and medical technology group very different on average the med tech stocks in the s&p are down 17.6% from their highs. think ava labs, a stock i'll be talking about, a big club name intuitive surgical, i like them very much. stryker, fantastic these are just fantastic you know, these are let's just say very successful this year. and therefore they're up a lot we're looking for stocks that are deep discounts, so they

won't qualify for this segment which brings me to medtronic the medical device company that focused on cardiovascular disease, neuroscience, robotic surgery, and diabetes. medtronic's been a long-term underperformer, up just 12% over the past decade. the stock had a big run during the early portion of the pandemic reaching new all-time highs but the gains didn't last. during the depths of the covid crash. that's miss rabble i'm interested in medtronic here because the company seems to be making a turn. getting back its momentum for the recent spate of weakness in health care. the stock had reached its highest level since august 2022, but in the weeks since the medtronics plunged down 12% from that high. you know what? it's exhausting but i think it's a steal. medtronics had a bunch of successful product launches in recent quarters with around 120 product approvals over the last 12 months in key geographies very exciting stuff in

transcatheter, oork valve replacement, pulse field ablation, and pacemakers not to mention new functionality for their surgery platform, which i find very interesting but not a lot of people are talking about. this wave innovation has translated into much better numbers starting with eight straight quarters of mid-single digit organic sales growth medtronics earnings were basically flat in the full fiscal year. in the 2025 fiscal year, earnings are expected to grow by almost 5%. 8% in fiscal 2027. when medtronic reported its roast recent numbers in mid-november, stocks sold off a bit. organic sales growth forecasts and earnings forecast. i'd be looking to buy medtronic in the weakness for a stock selling just under 14 times next year's earnings assessment that's pretty amazing. one of the cheapest names in the med tech group bountiful 3.4% divio, very safe

by a wide margin what else might work how about this down and outer? everett life sciences. this is structural heart solutions like noninvasive heart valve replacements used to be one of my favorite stocks until the feds started raising rates in 2022. got eviscerated. this made a couple of comeback attempts over the past few years, but they ultimately failedtheir year that failure happened in dramatic fashion july, the stock fell an astounding 31% in a single december after a disappointing quarter that included lower than expected sales for the catheter valve replacement business they've been working back higher at this point the stock's down 23% from its high, down 44% from its all-time high in late 2021 why bother with evers life sciences well, yesterday bank of america upgraded from neutral to buy, which seemed like a bold call for a stock out of favor

when i read the upgrade, i found myself pretty convinced that better days are indeed ahead for edwards. the bofa analyst cited a catalyst-rich company. lots of potential growth drivers coming up. they argued the company's in a sweet spot in the transkath they are oork valve space rated from 80 to 90. you know what? when i read it, i think they're on to something which i why i think edwards is worth owning here very compelling piece of research i usually don't benefit vit like that but i like it idexx laboratory that's a leader in veterinary diagnostics. used to be one of our favorites. they do software, water microbiology testing remains alive and well after afternoon incredible run when 200 march of 2020 to an all-time high of 700 in 2021,

the stock's been in the waters a couple of years. that action mirrors what we've seen in many other pet stocks because after a huge boom in pet adoption during the pandemic there were a couple of lean years that followed. including lower vet visit trends, something that impacts idxx a mixed variety, 12% earnings, $2.68. idxx trimmed its four-year revenue and merely reiterated its earnings forecasts so the outlook is not so great so the stock hit response. the company announced a cfo departure. that didn't impact the stock as much as i thought it would idxx has been making a comeback since october but still down about 27% from its march highs i think the company should benefit from a continuing comeback for a vet business, which has been happening, but a slower space than many expected. what's get further and further removed from the pandemic, i expect everything pet related to keep trending back towards normal levels. in the context, normal means

strong secular growth thanks to increased vet visits and tremendous pricing power at its highs in 2021, idxx sold for 76 times the next year's earnings estimates now trading 36 times next year's earnings estimates i think that's a compelling entry point. not iron clad but pretty good. bottom line, if you're looking for marked-down med stocks, here they are but we're far from done. tune back in form for fresh ideas in the life science and services space all week for more health care stocks that are pulled back to the point where i think they're just too darn cheap to ignore. "mad money's" back after the break. coming up, are the most popular year-end trades setting up for a new year's reversal cramer's going off the charts to investigate, next.

♪ as we head into the depths of the holiday season, all sorts of markets experience low trading with many pivotal futures contracts expiring between thanksgiving and christmas. for example, december currency and treasury futures dropped off the board this week. that can create really weird dynamics which is why we'ring on off the charts with carley

garner you know she's a terrific technician, cofounder of decarley trading this moment is a little wacky. we often very inexplicable, unsustainable moves tim in december that is the quick returns after the new year, those moves reverse. currencies, treasuries and gold are prime candidates for what she calls a holiday price squeeze followed by reversal come january let's start with the u.s. dollar the dollar went parabolic much of the fourth quarter. you can see when you look at the dollar index, which measures the greenback against foreign currencies, it valued from 100, okay, right here, to 108 in a relatively short period of time. so this is actually a huge move for currencies they don't go like this. as garner sees it, the dollar deserved to rally, america's economy is already in much better shape than most developed countries, and we've got a business-friendly white house, won't hurt however, she wonders if the

trump trade is already priced in during trump's first term we had a weaker dollar which is what most white houses want at the same time, garner points out algorithmic traders have gotten carried away with a treasury note future strategy. these markets have to settle in the opposite direction, a whopping 92% of the time or the last 108 trading days. when the euro currency futures contract and the 10-year note have sold in the same direction 95% of the time, extreme correlations like these are generally a sign of bandwagon trading. bandwagon trading that often overshoots fundamentals. when you look at the consensus sentiment index which polls industry insiders, 26% of bullish with europe. when you see a lopsided reading, typically means buyers have already bought what they want. sure enough, the dollar is now facing significant resistance near the 108 level that leaves the greenback

eventual vulnerable to a sharp reversal in early 2025. doesn't he wanted strength index which we see down here an important momentum indicator is looking pretty sluggish better book your tickets for your european vacation while our currency still has a ton of tour purchasing power currently 108 a few times in the last decade. it happened once after trump's first victory in 2016 before collapsing for much of 2017. it happened again, russia invaded ukraine in 2022. sorry, slop. >> i. >> there if the dollar starts slipping like it did at the beginning of trump's first turn, garner wouldn't be surprised if the index makes its way to the low 90s. these are big, big moves next, check out the monthly chart of the japanese yen. the yen's been getting pulverized for years except for a brief moment this august when that yen carry trade imploded.

that rebound didn't last long. the yen is giving back nearly all its gains and garner says it will keep heading lower during the holiday season bow error i yen at low interest rates, so low versus where it was, borrowing yen, low interest rates, to buy higher-yielding dollars. this form of leverage returns for years, even decades, but it can't last forever when it ends, usual i it ends poorly the breakout trend line will support the currency near .64 cents, but the trend line dates back to 2004 and that could be in play. if that happens, the yen could drop to .6150. if so, the carry trade would be highly vulnerable to another round which would prompt another panic and cause our stock market to get hit severely earlier this year looking back to history, the yen peaked during the global financial crisis the world was convinced this was a safe haven asset

in 2024, nobody had much reason to go long japan's currency. at the end, the question is maybe it would cot bottom. lower lows and the strength index hasn't fallen did is generally a positive sign. the yen and the 10-year note have traveled the same direction 92% of the time in the last 180 trading days strength of the yen translates into firmer treasury prices and lower interest rates all of this stuff is interrelated which is why we're bringing to it you which brings me to the next monthly chart. this is gold gold in yellow, future treasuries in blue you'd expect consistently positive correlation between treasuries and gold because they're both safe haven assets yet nowhere to be found in this environment. gold sold as treasury, prices have minimum meted listen up. significant top. while treasuries put in

significant bottom if only due to what she calls mean reversion keep in mind the yield on the 30 year is pretty high right now, which makes it a heck of a lot more attractive than gold as a holder value gold doesn't pay interest. finally, look at the 30-year treasury futures in isolation, monthly chart. garner, get this, this is so important. garner notes this has been the worst multi-year stretch for treasury holders in history. she thinks there's a window of opportunity for the bears to keep low on prices because existing trends tend to continue and get overextended at this point in the year as i said at the top of the segment however, the 30 year is still holding up above its uptrend line near 116 where it yields 4.6. at the same time, when you look at the cftc's commitment of traders data, large speculators have one of the largest net short positions all-time getting against 10-year treasury futures.

they're betting we'll sea bear budget deficits on more inflation, on tariffs, which will tank the bottom market. the last time trump took office, it was more than 1.5% lower than now, 3%. peak at 3.4% 2.5% when he left office garner's betting treasury prices will have a strong floor in 2025 if we do get an uptick in bond prices next year, she says the yield of the 30 year needs to fall below 4.1 before we can confirm a trend. if we do this, we get there, stock market like that that's my view, not hers i have to put it out there bottom line, the charts interpreted by garner suggest some of the popular trades going into the end of the year could reverse hard if you get too complacent as we turn to calendar year 2025 one more reason to stay on your toes and pause before you presume that long-term interest rates are inevitably headed higher, which would drive our stock market lower let's take questions let's go to robert in new york

robert >> hey, jim. i just want to wish you a happy holidays, merry christmas to your and your family, lisa, and to your staff, emma, who's to natural follow i hope she gets a good bonus. >> oh, that's trick, thank you so much for those kind words, thank you, how can i help? >> caller: this stock just achieved a 52-week high with shares trading at almost $73 the other day. you made me a boatload of money on this company awhile ago and some wall street writers are saying what they did today was a bold financial move. they're offering 750 million in convertible senior notes due in 2029 but they're also purchasing over 300 million in class a common stocks which i think is kind of smart in a way, okay max lefchin is a serious like you. buy more or sell much later? affirm. >> don't put me in his category, he's really out there in terms of how bright he is.

rur right, buying a common stock was brilliant. otherwise people are going to short the common stock i like the firm very much. i think it was very union priced in the 30s i tell you, a firm block which is square, block square, and paypal, are the three fin tech stocks that are going to continue to work in 2025 it sounds strange to bless a buy alirm here but i do so brian in pennsylvania, brian >> caller: boo-yah, thanks for taking my call. >> of course. >> caller: i've been thinking about nuclear energy with regard to ai data centers about 10% of my portfolio is in pse&g which has some nuclear plants i'm wondering if i should be looking at constellation, a bigger player in nuclear power do you think i should stick or branch out into constellation? >> at this point, stick with p & g -- peg until i see constellation go lower there's too much hot money in

constellation ceg. you'll see it. just watch the tape in what's known as the crawl it's boom, boom, boom. there's so much hot money in it. i don't like to be involved in hot money. the starts interpreted by garner says if you get too complacent heading into 2025 the popular trades will see a reverse themselves you have to stay on your toes. more on "mad money," including what the big runup could mean for other chip companies. on the eve of the next fed meeting, i'm breaking down my playbook on how to react to the early commentary. all your calls and lightning round. ♪ ♪ ♪ ♪

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in the semiconductor space there's been some wild action over the past week it started last thursday when broadcom, which we own for the travel trust, reported a technically mixed quarter. the stock still soared 4% on friday before tacking on another 11% yesterday. although it pulled back more than 4% today. how does broadcom trade like it got a takeover bid in a pay quarter? because the headline numbers don't tell the whole story putting all that aside, we learned broadcom is having success with its ai chips which is all investors care about at moment as you know more important, comments about potential big new customers for the ai chip business the focus for broadcom right now is on developing technology for ai data centers, including and especially custom accelerators meaning advanced processors that they call xpus this is business building throughout the years broadcom's customers raced to build out ai infrastructure.

with last week's earnings report, management noted the 12 months ending october was up 220% to a 12.2 billion 220% that wasn't even the best part we know broadcom was making xpus for at least three hyperscaler customers. they're widely believed to be alphabet, meta, and bytedance, cot that owns tiktok on last week's call, broad cam president ceo hawkins put on a show he gave more detail than ever before how he expects the semi kicker business to evolve over the next three years, and his vision had investors drooling. broadcom's non-ai chip business had a bottom and should grow it's still major good news that the legacy part of the business, which by the way is up 60% of the company's revenue this year, will no longer be a drag on the rest of the business

second, there are major positive developments on this xpu and networking equipment front what we knew broadcom had three major hyperscaler customers, and we knew they were spending fortunes on ai infrastructure. he expects each of these three customers will deploy clusters of 1 million xpus in 2027. that's shocking. that's his term, s.a.m., 60 to 90 billion dollars, and that is incredible for perspective, broadcom's entire business racked up just over $30 billion in revenue last year of course this one company won't get that entire service. but even winning a decent chunk of it would be huge for their ai business and the cherry on top? it was the news that broadcom is engaged to additional hyperscaler customers which represents additional upside to that 2027 addressable market forecast look, i don't want to live too excited about this, but it's hard not to be

including the market's more than happy to get ahead of itself and digest that news instantly so that's the reason why the stock jumped a combined 38% on friday and monday and made a lot of club members happy. but there's also been some important pin action in the group since then. first of all, last week about the success of the custom accelerator business, marvel technologies which we had on the show last night. marvel reported solid results over this month, bullish comments about the trajectory of their custom silicon business. that's why that stock jumped 23% in a single session after earlier this month jumped another 10% last friday clearly this is an area the hyperscalers will be spending a lot of money but almost immediately, investors began to wonder, if these custom silicon companies are going to be such big winners, who are the relative losers now, one incredibly knee-jerk and long answer as i mentioned

at the top of the show is nvidia might be getting displaced think i that's one reason why the stock is down nearly 15% although it's also because amazon's making chips that matter too and microsoft's making noises that it won't be so hard to get chips, no shortage, i don't know every long knife is coming against this stock that you know i like the most, which is nvidia i think these are totally misplaced. ceo matt murphy told us this market is going to be big enough for a number of winners. marvel and brocon, they can't live without don't forget nvidia has an enormous ecosystem to go over this hard work never, ever sell nvidia on reports the hyperscalers will it is so not a zero sum game. i've done so much research on this people. it just isn't. it's a win for everybody but the other chipmaker that's

been trading like a loser is a&d, now this is different amu is clearly far behind nvidia it seems really the only chipmaker that can even come close. the fact that these hyperscalers are quite interested in custom silicon solutions from the likes of world come, marvel, has people wondering if these might be the next best option, not amd. the stock's down 12% since marvel reported two weeks ago, down 45% from highs in march that's what's happened what are we doing about it long story short, it's such a huge move, we don't like to be greedy we're standing pat on nvidia, of course amd, it's not getting the kind of traction i thought it would with this ai chips from there we got broadcom and nvidia, we don't need to keep sticking our necks out on amd it's a new theme we're just -- aren't seeing the

demand we thought we would and we haven't seen a big move into aipcs either which they also have a big stake in. we'll talk more about amd and it will be plaintive. here's the bottom line the big news marvel tech and broadcom is custom silicon designs and we care about the hyperscalers because they're building fortunes to build these data centers that's good news for marvel, good news for broadcom it's also a negative impact on gpu. i'm not worried about nvidia, its business remains on fire, its gpus are fine. the stronger man from marvel and broadcom means strong demand for nvidia but amd, it's tough. there's a reason why we're legging out of this on the travel trust, and it's everything i just said "mad money" is back after the break. coming up, cramer takes your calls. and the sky's the limit. it's a fast fire "lightning round" next.

"lightning round" is sponsored by charles schwab. trade brilliantly. >> it is time! it's time for "lightning round." talking about that buy, buy, buy, sell, sell, sell. i've been playing this out then the "lightning round" is over steven in new york, steven steven >> caller: yes, hi, jim. thank you for the call. >> of course >> caller: i wanted to ask you about ford motor company great american company >> great american company but it

does have warranty problems. i think they're going to come back to haunt it and i had to sell for the chapel trust because it kept missing the quarter and that's no way to run a stock. maybe a car company but not the stock. let's go to brian in new jersey, brian? >> caller: hey, boo-yah, jim. >> boo-yah. >> caller: thanks for all you do looking forward to making it a green holiday season my question is for getty computing rgti. >> quantum computing, they are all the same no, actual the dids aren't the same but the stocks are. they're all parabolic. if you come in, you have to understand at this point it is pure speculation it can keep going out. they're all trading the same way. thinking that's kwan couple computing and related to how it's going to help health care i am not a believer at this stage. i wish i'd caught them earlier denise in minnesota. >> caller: hey, there, jim thank you so much.

i'm not an nvidia millionaire but i am a cramer millionaire. >> whoa, you're quite welcome, thank you for bringing it up >> caller: so my question today is, as a retiree, i love dividends. what do you think of the dividends for lion dell basal? is it safe >> all the chemical companies have similarly high-yields a lot of them related to china and china weakness i think each one has to be explored on its own. and that when this cycle -- if this cycle stays bad and the fed doesn't cut rates quickly enough, a lot of these companies may end up to be let's say diceier than you'd like them to be, how about that i want to be polite about it let's go to robert in texas. robert >> caller: hello, mr. cramer this is robert from the great state of texas my question is, stock ticker alt. i bought it under $5 and i've made a lot of profit. but it's just going up and down

daily. >> well, it's trading with high, low because a lot of people feel it's got similar drugs for different issues like obesity. these stocks all trade badly right now. it can come back, but you have to understand, right now health care is so out of fashion, it doesn't matter how good it is. jake in new york jake >> caller: hi, jim can you hear me? how are you doing? i'm 18 years old recently i put into ats visual i know you've spoken about it previously the fact that -- i feel like with starlink, that's something differently where it brings 5g microchip phones it has a bunch of different companies in the telecom industry that are different sized contracts. so i think that -- i'm just asking, what are your thoughts on astf and future outlook

>> again, it's quantum computing. there's a whole bunch of. >> stocks that are very speculative. if people want to speculate, i'm not against it, i just don't want it to be a large part of your portfolio it's not worth anything other than a spec. and that, ladies and gentlemen, is the conclusion of the "lightning round." >> the "lightning round" is sponsored by charles schwab. coming up, are investors getting ahead of themselves with predictions for the fed's future moves? cramer's sharing where he comes down on all the fed forecasting next

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♪ generally, i like most of the commentary we get about the

stock market even if i don't agree with it, when you're talking about what companies are doing well, what are beloved, what are disliked, i find it helpful. on the eve of our regularly scheduled fed meeting, i've got to tell you there's one thing i hate about this media, the endless obsession with trying to guess the fed's next moves we spend a huge amount of time talking about not just about what the fed will do tomorrow, prognostication, but what it will do in the meeting after that, and the subsequent meeting, and on and on you could make useful predictions about the the next fedding me when it's happening tomorrow, but it's very hard to say anything helpful about three months from now. trying to guess can throw you off the scent of great investments. the arrogance of that kind of thinking drives me nuts. even the fed doesn't know what it's going to do in three months, how the heck can we know until we get closer to the event and see data as a sports writer who covered football, i find an follow gy about how aggravating this

the eagles won against the steelers there's much to discuss about what they did right and what they did wrong, not to mention the implications for this week's game against the washington commanders can you imagine if a gasbag went on and on about the commanders game before the eagles beat the steelers ahead of the win or loss against a totally different team that's insane yet that's exactly what happens as a matter of course in business media worse, there's endless chatter about what action you need to take based on the games after the commanders how would you possibly know what will happen? how can you pretend to know what will happen? how could you participate, how could you anticipate, anticipate what the head coach, in this case fed chief jay powell, might do when he doesn't even know frankly, you know what, it's insulting to powell that he's had to say over and over again that he stays independent. but we dismiss that and tell you what he'll do anyway

we act as in he's doctrinaire, so wrong he's flexible. i'm not saying you shouldn't try to think that far ahead when you're investing you have to think far ahead, that's part of the process but when it comes to fed future moves, it's not helpful to fret about the details because you don't have them. the fed always matters but i talked to a huge number of individual investors and this prognostication drives people out of great stocks. they fear what can happen next this is what happens you should talk to them. in part because they think, oh, no, we know the unfathomable and they don't in part because they feel stupid for not knowing the unfathomable what a shame, what a disservice. in the end, our job is the job of the person who thinks it's right to make judgments early about things they can't possibly be right on. and me someone trying to actually help investors make informed decisions about stocks have been diverging for ages it's only grown worse through the years. these guessers are really hurting you. i always want to do something

valuable for investors, to parse commentary, to put things in context rather than spend hours and hours on a useless parlor game of what the fed will do in spring 2025. it's just not my time, it's not worth your money i like to say there's always a bull market somewhere. i promise i'll try to find it just for you here on "mad money. i'm jim cramer see you tomorrow i resonate with your immigrant story, with the power of america. cuban: if you put your mind to it, anything is possible. you are freedom. narrator: which business will be the next big idea? this is my life. i will go until it succeeds. you need cash. says the guy who's not giving him a dime! wait, wait, may i please finish?! they're gonna walk out of here without a shark. welcome to our very dysfunctional family. [ laughter ] if that's not the american dream, i don't know what is. -let's get started! -let's go! narrator: the future... i can make you rich. there's no doubt in my mind. whoo! -wait, wait, wait, wait. -it closed. -let me -- let me -- -bye!