>> that's adorbs. you go home after the show together, it's the cutest thing. >> yeah. >> american airlines, mel. i think it's breaking out. >> thank you for watching "fast money." chris, great to have you tonight. "mad money" with jim cramer starts right now. my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. mad money starts now. >> hey, i'm cramer. welcome to mad money, welcome to cramerica. my job is not just to entertain, but i'm explaining it. so call me.

the great bear market continues. if you're diversified away from tech. for days on end, stocks have been going down and down and down. just not the great semi, software, data companies with the wind at their bags and tremendous themes of our time. these tech plays are so strong they went above the averages which is why the dow jones industrial average actually dropped 26 points while the s&p advanced 5.5%. and the tech heavy nasdaq filled with semis and software gained 1.24% and that's what people are looking at. even though you might not know it from the averages. today was one of the great days, selective bear market of 2025. the energy sector, healthcare, the material stocks. all groups that are

underperforming last year, are doing it again. i'm simply pointing out these sectors swaths went leeward. they sent last year hurting the market and this year, many are in the red. it's not just a continuation, people. it's an acceleration. why is proctor and gambling down today? that's a great company. why is colgate toothpaste down? how about clorox? let's go over the reasons. one, maybe the biggest reason some would say are interest rates. when long-term rates spike, these stocks have been hammered. that's what happens. the dividends are supposed to offer protection. the main competition keep marching higher. and they might do that all week because the rates are rising thanks to supply.

the treasury department sold three-year notes today and the auction fell flat on its face. tomorrow, the treasury sells ten-year paper and wednesday, i don't know if a market is prepped for 30-year, but there's a ton coming. as these bonds go down in price and up in yield, things get worse for the dividend stocks even though there's nothing wrong at the confidence. which brings me to the second reason this group has been hammered. the dollar has gotten too strong. these companies tend to be big overseas. that's not the case with clorox. you know how our stock market works. the consumer staples all trade together. if the dollar hurts a big company like proctor and gamble, it's going to revert. they are like gravity. they pull all their suggests down. then the most insidious problem. let's open the discussion. pricing. have you noticed when you buy

consumer products on amazon, they're discounting heaviliful particularly the stuff you see as a drugstore. have you seen the pressure being put on companies by costco where it's like a different world with those prices? they're crazy low. i know walgreens is trying to keep offering outrageously low prices on their website. it is true profitable may be pinching some of these retailers and they've all seen their stocks just get crushed. walmart, costco, and amazon have more scale and can get you better prices for many better average daily needs but if retailers are being squeezed, their suppliers are, too. maybe they had so much of a run post covid that they are finally losing it. maybe the consumers had it. no more tolerating high covid era prices. maybe they're saying prices will

be rolled back. the stock is tempting but as long as bonds go down in price, as long as the dollar stays high or goes higher and until we see the earnings, it's too risky to buy. now, look at this counterintuitive situation. i know it sounds crazy to proctor and gamble and clorox, colgate risky, these were safety stocks for most of my life but there's nothing safe about their stocks anymore. this is a market that rewards growth. so people pay out for tech growth, which is about real demand and pricing power and they're avoiding companies that have lost pricing power for yields that are too low to compete with treasuries. i don't expect that dynamic to change soon. next bear market, oh, my. it's in healthcare. as this group is off 20% from its highs. next week, i'm going to the jpmorgan conference to find out what's going on in this group. humana is down.

hca. signal off 25%. a wasteland of burned out companies. that's a great company. amgen down 25%. regeneron. biogen. moderna down a hideous 75%. remember when they were strong? heinous now. hormel, great company, down 17%. smucker's, conagra. hershey, kraft hines, all below 20s. that's incredible. higher rates, stronger dollar. let's throw in the glp-1 weight loss drugs, too. we know these companies have anything to do with their weakness but that cornell business school study i referenced last week, it talked about a 6% decline for people who take the drugs. processed foods are designed in part to be craved.

but when you're getting these glp-1 injections, you crave nothing. maybe the sales decline is just beginning. real estate. wasteland. just today, we saw federal realtor chopping centers get crushed. two of the worst stocks in the s&p. these companies are linked by interest rates and a spike in long rates has all hurt them but the actual businesses are terrific. it doesn't matter to the stocks though. what matters is interest rates. hey, listen. as bad as those are, the things i said about rates, the bear has really roared back. housing stocks, lennar. toll has gone from 169 to 126. d.r. horton, 199 to 139. in no time flat. what do you think it says? i think home prices are going lower. maybe much lower. something no one thinking about but nothing is as bad as the

materials. mining, minerals. when you look at the stocks this this group, plastic, wood, steel. it's almost enough, there's got to be something going on. if you didn't know any better, you would think there was a recession. the chemicals, papers, coppers, steels. they are factoring in a definite recession. from 22 to $9 and how about the oils. they're all hard, too. which brings me to a thesis that's not talked about much. it's true. there is plenty of inflation. the bottom line, when you look at these super underperforming stocks, all i can say is maybe the fed had better be careful for what it wishes for. companies represent a gigantic chunk of the economy have seen a real scoop. it's a lot faster than expected considering the stocks that are

going down and the magnitude of declines. i'll tell you, sure wouldn't surprise me. i'm going to frank in texas. frank. >> hey, jim. hearty philadelphia eagles boo-yah to you. >> you bet. okay, boo-yah. what's going on? >> well, first of all, hearty thanks to you for all you've done for my wife and i. you made a major difference in your lives. thank you. don't ever retire. >> yes, yes. i'll tell you, i think that my wife wants to hear that. she wants to hear people say that because i know she feels like i'm a little long in the tooth but i like being here. what's going on? >> well, jim, i have a position in netflix at a cost basis of 892 and i've been buying on dips and i'm wondering if i should buy more, hold, or sell. >> i'd buy more. i know the chart looks like it's rolling over. but i would buy more. i think that they are still the

national water cooler stock. it's very unusual to have something like that, look, spoiler alert. i just have to say this. my wife stopped watching mid show the final squid games and i just want to point that out because there are a lot of people who might be a little more sensitive. that's not a spoiler. it's just, i'm just saying she walked away. pretty dazzling. we watch everything together. anyway. companies that represent major parts of the economy have seen their stocks swoon lately. the big question is whether earnings will follow. tonight, what's behind the decline in some defense stocks? i'm taking a closer look at this cohort and how the incoming white house could affect the space. then i'm bringing you another bull versus bear dual. this time, it's on uber. then have you seen that thing? i'm going to check in with the ceo and hear what's behind the big run up. i want you to stay with cramer.

>> have a question, tweet cramer. mad mentions. send jim an e-mail to madmoney@cnbc.com. or give us a call. miss something. head to madmoney.cnbc.com.

check in time is 3:00 it's 2:55. i know. is this what he's doing now? as your host, i have some rules. first, no showers longer than 5 minutes. this isn't a spa. no games. no fun. yes, coach. (♪♪) meanwhile, at a vrbo... when other vacation rentals make you share your turf with a host, try one you have all to yourself.

let's say you're deep in a show or a game or the game. make you share your turf with a host, on a train, at home, at work. okay, maybe not at work. point is at xfinity. we're constantly engineering new ways to get the entertainment you love to you faster and easier than ever. that's what i do. is that love island?

>> while the many stocks should do well these days, they are mostly tech. beyond tech, there's some real pockets of weights out there. just take a look at the pure play defense contractors like lockheed martin, general dynamics and l3 harris. they were all trading at 52-week highs in october and november.

now they're down anywhere from 11 to 12%. it's pretty shocking. so we have to ask what went wrong with the defense contractor. the new trump administration may not be a good friend to the traditional military industrial complex. instead, they've butted up to the alternative and that's why palantir technologies, the beloved software company, the big focus of the pentagon, has seen its stock climb nearly 50% since the election. very easy to dismiss the rally and easy to justify the stock's valuation on a journey. but i don't think that will prevent it from going higher. i bring this one up because palantir's tight with trump. and these guys have a vision for the future of the defense budget that is really dazzling. on halloween, the ceo published an article arguing that our defense industry has gotten out of date and competitive. something we couldn't get away with ten or 20 years ago but

that's impossible now that china is on its way to a superpower with better capabilities than most think they have. it's a strong indictment for the procurement process. one of the things that palantir is an expert at. according to palantir, the defense contractors state there's no competition. there used to be 51 but they've gradually merged into five. the five families rather than innovating, they argue the companies are largely focused on gaming government contracts. of course at the time this article was published, there wasn't much of an impact on procurement. then trump picked elon musk to run doge, musk is close to the co-founder of palantir, a big republican donor. the mafia paypal. including the company's

cofounder and ceo, alex carp. and he's on board with radically reshaping the process and maybe the defense contractors will have a real problem with the trump administration. at the least, i think that's why the defense stocks have been rolling over. musk seemed to confirm his fears when they began to criticize lockheed martin. the top stealth fighter jet in the world. it's revered. in november, musk elaborated on why he doesn't like the f-35 saying quote, the f-35 design was broken at the requirements level because it was required to be too many things to too many people. this made it an expensive and complex jack of all trades. success was never in the set of possible outcomes and man fighter jets are obsolete in the age of drones anyway. will just get pilots killed, end quote. wow. that is a mouthful and that's the indictment right there. pilots. they're too expensive but

they're great. now speaking with cnbc's own morgan brennan during a panel discussion a couple of weeks ago, lockheed martin's ceo, he's been on many times. he gave a great response to criticisms. you can't just replace these fighter jets with drones because the enemy has fancy jets of their own. that's a nice kudo. i think he made a good argument for why the u.s. and its allies will still want some. they've found themselves under the microscope certainly more than any time in recent years. the defense budget has been sacrosanct under both parties. they source parts from every state. when you add another consideration for the incoming trump administration, the fact

president-elect trump seems far less interested in sending weapons to ukraine to defend itself from russia, investors are starting to think the classic bill might have a serious problem. this would be a big break with the past. in fact, this thing is now making its way into formal wall street research. just this morning, analysts published their 2025 outlook. they're known for aerospace and defense industry quote, remains difficult with more budget risk than thought given fiscal realities along with doge uncertainty, end quote. they're talking about musk right here. they prefer the coverage side of the universe. if you are to be in defense, they recommend government services companies, which have previously underperformed, but now barclays likes them, i'm going to quote, they don't see disproportional doge risk. so that's what's going on with the defense stocks and it's a bit of a pickle for investors and people like me who try to

help you make sense of the market. is the trump administration even with powerful allies really going to be powerful enough to dislodge the military industrial complex? do they even want to? i'm not sure. while i agree with it that the pentagon could become a heck of a lot more efficient, these defense contractors source their companies from all sorts of districts precisely because they want to make it impossible for legislators to cut the budget. now, we'll see how serious the trump administration really is about cutting military costs when it means cutting jobs in some gop house members' district. but i don't think you can ignore the threat here. even if these contractors are only getting more scrutiny from the white house, that still makes it harder for them to make money. maybe they changedhe procurement process all together. which brings me to the bottom loin. even though the contractors have pulled back very hard, i think you've got to wait and see. listen to me. this is the military industrial complex. it's not hard.

going to be very hard to dis -- i don't know how you get it out. there are some names that are safe for defense pure plays. how about buying rtx which has a nice space in the business. you don't have to uproot the system. for the pure plays, you've got to wait to see if trump and the rest of the administration are serious about making meaningful cuts in defense spending. until we find this out, i'm regarding this group as untouchable. wow, who would have thunk it. come up, has uber's rally run out of gas? cramer's breaking down the bull and bear cases for the name. next.

(♪♪) the booking app i used didn't have agentforce. so an ai agent didn't know to move my reservations inside... ...or know what i like to eat, which is not that. what's up, my brother? oh, hey, bud! we really needed this rain. right? [car splashing rain water] agentforce helps restaurants prevent dining disasters. paddle on over! it's what ai was meant to be. we got you, brother. since starting the farmer's dog, bogart has lost so much weight. and he has so much more energy. he's like a puppy again. ♪ (banjo playing) ♪ c,mon bo! this is a before picture of bogart. such a big boy. pre-portioned packs makes it really easy to keep him lean and healthy. and look at him now. he's like a show dog.

[silence] bogue, can you give daddy a break here? he's having a hard enough time. (auctioneer) let's start the bidding at 5 million dollars. bogue, can you give daddy thank you, sir. (man) these people of privilege... hoarding the financial advantages for far too long. (auctioneer) 7.5 at the back. (man) look at them — unaware that robinhood gold members now enjoy the vip treatment — a 3% ira match on retirement contributions. (auctioneer) 11 million sir. (man) once they discover their privileges are no longer exclusive... their fragile reality will plunge into disarray. ♪

all the buzz around bitcoin isn't just talk anymore crypto has gone mainstream. at itrustcapital, you can buy and sell cryptocurrencies 24/7 with the tax benefits of an ira. that's right, with an itrustcapital ira, you can defer taxes until retirement or choose a roth ira for tax-free withdrawals later. setting up an account is quick and easy it only takes minutes. open your account today at itrustcapital.com. the new era of crypto is here. it all started with a small business idea. it's a pillow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up.

the next level network for small business. ♪♪ i sold a pillow! what do we do with the stock of uber technologies now that it's spent the last few months in the -- >> house of pain. >> this stock peaked at $87. back on october 11th, the day after tesla's robo taxi event. waymo raised 5.6 billion at a private fund raising event. the stock then spent the last three months of the year getting eviscerated. finishing 2024 down 2% despite

strong gains in the first few quarters. you've got to wonder are we getting a chance to buy at a discount? uber asking on the first trading day of the year, we've got a classic bull versus bear showdown on uber from the analyst community, goldman sachs added uber to their u.s. conviction list but jmp downgraded it. from outperform to market. now let's start with the bear case we got from andrew of jmp. there are two main reasons for his downgrade. the analyst believes waymo, the google offering, has a better service that will be able to take share from uber while tesla's robotaxi venture represents a risk. involving involving musk is a risk. basically jmp is arguing it's a real threat. waymo had 175,000 rides per week

in november. that's up 15% from the month before. so i get why they're worried about this in theory but it seems like a bad reason to sell uber in practice. even when waymo quote, still too small to impact results, end quote. i'm surprised they have 135,000 rides a week. i think they should be doing better but the analyst argues that it's likely to be capped until uber transitions into avs. they're also worried about the trump administration. given elon musk's close relationship with the president. now i question this whole line of thinking. uber is an gregator. if waymo or tesla wants to build tons of robotaxis and they operate themselves, i'm betting uber will run circles around

them just like they did around the old school cab companies. so how about the bull case on uber from art shern? i've liked this guy for a long time, he's at goldman. he says that uber, the most debated stock in large tech internet, is controversial. it really is. while he acknowledges it faces near term headwinds and lower benefits from pricing, he still sees a lot of reasons to be bullish of the stock even as it is controversial. specifically, a path to boost mobility bookings growth. both domestically and abroad. while uber's stock just got slammed in response to that latest earnings report, anyone who sat down and listened to the conference call knows that there was still a ton of positives. especially when it comes to expanding into less populated

areas. derek kashkari noted that in the france and u.k., trips outside london and paris are growing. with uper operating in 70 country, it may seem it doesn't have room for expansion, but those that were on the call know that's not the case. this is why i stress the homework part. although not everyone has access to conference calls, they're often available and contain fantastic information, the same information goldman sachs is using to put uber on their buy list. besides, they say the adoption of self-driving, quote, is likely to play out over an extended duration of at least several years implying near median term concerns end quote. makes sense to me. there's no doubt that elon musk is great at creating value, but

when it comes to following deadlines, let's say he's got a little room to improve. a mix of human drivers and autonomous vehicles. google had a partnership with waymo. why the heck does anybody worry about waymo hurting their business? it makes no sense to me. additionally, goldman sees rapid growth for new mobility services like reserve, u4b, that's uber for business, and two and four wheelers. the subscription has more than 25 million members. that's very bullish. at the same time, goldman's betting on delivery bookings. they think growth in the mid teens as monthly customers order more frequently. doesn't hurt that they're expanding their offerings beyond fresh food and into grocery and

retail delivery. while a bit more on the tactical side, goldman likes they've got free cash flow. they generated a ton of it. that enables the company's return cash to shareholders also investing back to the business to maintain edge versus competition. that was a good call because uber announced a is $1.5 billion callback program. i thought it was a very bullish development. when i was up talking with carl this morning, that's pretty impressive. the longer term impacts of waymo and tesla's robotaxi aspirations are worth keeping an eye on, but i think a lot of this hand wringing about the distant future when we know uber's prospects look great, i'm discounting it. despite the selloff last quarter, there were some huge positive this is quarter if you listened. although uber's stock is starting to rebound, it's still

darn cheap and i think you're getting a great chance to buy it at a discount. that's right. the stock of uber is a buy. i'm going to go to frank in new york. frank. >> boo-yah, jimbo. >> what's up, frank? >> happen new year to you and your great staff. >> our staff is amazing and it's one of the reasons i still love coming to work every single day. >> my stock is lyft. i rang the register, but kept some money in it. i'm a customer there. the ceo is great. i saw the interview you had with him and now they signed up mobileeye for the driverless cars. are you still bullish on this? >> you bet i am. every time i speak to david, i am so impressed. i think you stay long in it. and i've got to tell you, if it comes down anymore, i would pull the trigger and buy more. i think it looks really terrific here. i think david is a great ceo.

dan in illinois. dan. >> hey, jim. boo-yah. >> boo-yah, dan. >> hey, i got to thank you for helping ordinary people make a lot of money. >> i saw this ordinary guy outside the show, okay. saw a guy. right in front of the building. and he wanted his picture with me. i was like, me? but i got to talk to him. he was a construction worker and he loves the show. i got to tell you, made me so darn happy. so, yes, i do. do i like to help regular people? i like to think i'm a regular people and i get a kick out of talking to them and being with them. how can i help you? >> i got a big question. i started watching the stock when it was $3. i watched it triple to 9. i bought a boat load at 9. it went to $260 a share. it's one of your darlings. caravana. >> look, i read nate's piece, hinden berg research. i think it raised a lot of good

things that you really want to know before you own a stock. this stock has had a very good run. why don't you take out your cost bases and play with the house's money? i think you will never have to worry about anything hindenberg says or anybody else and then ride it with the garcias. remember, the concerns are always worth considering when you have a stock that is up as much as that stock. and thank you for your consideration and caring. uber's been rebounding this year, but i think there's still time to get in on a good price. there's still lots of gas in the tank for this stock. next, ceo of a software stock that's been red hot and two key market stories have seen pullbacks after a monster 2024. i'm going to give you my take on their valuations and rapid fire, the lightning round. so stay with cramer. nice to meet ya. my name is david.

i've been a pharmacist for 44 years and i'm from flowery branch, georgia. when i have customers come in i recommend prevagen. number one, because it's effective. does not require a prescription. and i've been taking it quite a while myself and i know it works. and i love it when the customers come back in and tell me, "david, that really works so good for me." makes my day. prevagen. at stores everywhere without a prescription. [birds chirping] [dog growls] ♪♪

♪ who knows what tomorrow ♪ ♪ will bring ♪ [dog barking] ♪ maybe sunshine, ♪ [dog whining] ♪ and maybe rain ♪ ♪ but as for me ♪ ♪ i'll wait and see ♪ [knock at door] ♪ and maybe it'll bring my love to me ♪ ♪ who knows ♪ ♪ who knows ♪ ♪♪ ♪ (action music) ♪ woah! i can't do it! agh! cut! this gap! it's just too big. bring on the double! aflac! after my hospital stay, aflac helped close the gap by paying me cash for expenses health insurance didn't cover. nothing covers gaps better than the aflac duck. aflaaaaac! aflac. get help with expenses health insurance doesn't cover. find an agent, get a quote at aflac.com. you do look like me. mhmm!

you want to see the definition of a hot stock right now. check out cerence. half a billion cars already had the product installed. interest grew 139 in 2012. this thing got obliterated. bottoming $2 and change. since then, the two trading days becaupartnership with nvidia. of course, the stock's still well off its 2021 highs, but this is a huge boot. one that's been spearheaded by the ceo. one-time ceo of intel then of

cdk global before taking his current job three months ago right before the stock took off. so what's driving this move? let's check in with someone who's been on the show a great number of times. the new ceo, to find out what's happening. welcome to mad money. >> great to be here, jim. >> so, we know you from cbc, we know you from intel. give us a sense of why you took the job because it is a smaller cap company and what you can do to make it a bigger company. >> thanks, jim. first, it's a great opportunity to really showcase what cerence can do today. i took this job because it's a really good company with great technology and i really looked at it as having a chance to make it a great company with great technology. by expanding its partnerships

and expanding beyond the automotive space. with its long-term models and generative ai. we really have a clear vision for how we're going to continue to grow this company moving forward. >> well, now you do say in your last conference call, we can refer to your previous school, you talk about the big guys and how you can be a better competitor than the big guys. now, the big guys have a lot of money. how do you do that? >> you know, because we're focused on the market. take a look at this company. it's been in automotive for years and years and so there's a lot of automotive experience. we understand what the oems want. for example in the automotive space to rive the car, there were over 22,000 unique phrases that we have to build into our

language model, open windows and charging ports and doors and everything else. that's all specialized around automotive space. the other thing is jim, we offer not only a cloud-based solution, but an embedded version as well. oems need a single supplier that can supply both cloud and embedding because many gos and models, they're not connected to the cloud. a lot of engineering. >> so what do you think nvidia can bring to the party with cerens? >> we've been asked over the last few weeks, partnerships with microsoft and now nvidia. what both those companies are doing is really helping us continue to improve our models. they have tools, they have capabilities. that again, they're the big guys. and nvidia specifically is

helping cloud based models to include performance. there's a difference between 250 and 200 millisecond response. when you're in your car looking for directions, that's important. security. all of these kinds of improvements. nvidia's really, they're a great partner because we can bring them into the oems as well as hardware providers as well. >> now, you had great experience at cdk. made a lot of money. you also got to know auto dealers. we have the -- fortunately, we're fortunate to have bmw. we have that great system. all we ever do is we know we can talk to it to send messages. how do you get people to know what cerens can do? >> yeah, that's, again, as we

move forward, jim, people building, we're really moving from is large language models like you see today where you can view simple instructions. my wife's mercedes, she doesn't have to say, you know, turn on seat heater. she can say hey, my seat is cold. or crack the window. open the port. so it allows you to use common language. the future is what i call agents. that's what we're releasing later this year. what that is now it's going to you to really interact with your car. say hey, walk me to my house. by the way, route me to the starbucks that's nearest my route as i go home. the system is going to come and talk to you. i routed you home and i found the nearest starbucks. and you can interrupt it and say i don't want starbucks, i want pete's or duncans or whatever.

it's going to work with you. what we're going to do to overcome that is we're going to offer what we're going to call a proactive. the car is going to help you. it's going to say, hi, jim. unless it's 5:00 p.m., you're at your workplace, you want me to route you to your house. it's going to start interacting with you up front and now you're going to go, oh, wow, i can just talk to this thing. >> that does sound like something if i had full self-driving, i would want. one time i was in a waymo years ago and i said take me to the best pizza place and waymo wasn't that bright and didn't know how to do that. are we looking at a system where i will be able to do that with crnc's car? take me to the place. it might know that? >> absolutely. we're working with the oems as

they start to work on this and we're working with the companies that are so -- and we're starting to work with them as well. you're right. the user needs to be able to, there is no car driver and it needs, you need us to be able as a passenger, to interact with the car directly and the car needs to talk to you back. and so our technology and large language model agents are exactly where you need to go to facilitate that. >> this sounds pretty darn great. i know you wouldn't have taken the job if you didn't think it was special and nvidia wouldn't have picked you. i want to thank you for coming on. i think it was really very cool stuff. >> this isn't far off in the future. like i said, today, the cars we're shifting today have these models. those second gen are coming out in cars at the end of '25, the beginning of '26. so this isn't far off in the future. this is now. >> it's really great to have

back on the show. thank you so much. great to see you again. say hello to your family. okay? >> all right. >> absolutely. mad money's back after the break. >> coming up, cramer takes your calls and the sky's the limit. it's the fast fire lightning round, next. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. our advanced matching helps find talented candidates, so you can connect with them fast. visit indeed.com/hire >> no application fee if you apply by february 12th at university of maryland global campus, an accredited university that's transformed adult lives

for 75 years. you're not waiting to win, you're ready to succeed again at umgc.edu. i had the worst dream last night. you were in a car crash and the kids and i were on our own. that's awful, hon. my brother was saying he got life insurance from ethos. and he got $2 million in coverage, all online. life insurance made easy. check your price today at ethos.com.

there are some feelings you can get with any sportsbook. ohhh! the highs! no, no, no. the no, no, noooos - oooooooo! the oh, oh, ohhhhs! now whatcha wanna do with this? but the feeling that, no matter what, you're taken care of. ohhh, i just earned a hotel suite! hee! you only get that here. at the sportsbook born in vegas, where they know how to treat you right. who you talking to jamie foxx? bonus bets. exclusive offers. real world rewards. betmgm. download and bet today. (auctioneer) let's start the bidding at 5 million dollars. thank you, sir. (man) these people of privilege... hoarding the financial advantages for far too long. (auctioneer) 7.5 at the back. (man) look at them — unaware that robinhood gold members now enjoy the vip treatment — a 3% ira match on retirement contributions. (auctioneer) 11 million sir. (man) once they discover their privileges are no longer exclusive...

their fragile reality will plunge into disarray. ♪ it is time. then the lightning round is

over. are you ready? start with jim in ohio. jim. >> first time caller and thank you for your help. >> how can i help you? >> calling in the past nine months gone from a high of 260s to the current 180s when the market has done so well. is there a problem with this company? >> it missed the revenues. okay, but you know what, this is a company that is so down from where it was. it's down 80 points. i think you can buy it. i like the company. welding, there are very few welders around. gary in maryland. >> hello, jim. boo-yah. it's great to watch your show. i watch it every day. >> thank you. i'm glad you get a kick out of it. thank you. >> jim, i got this stock, i paid 57 of the 33 or something and they opened new casinos up and

they have a sports book caesars superdome. what do you think about that? >> i'm not that high on the gambling stocks right now. it feels like there's too many of them and we need a consolidation. the ne that i like is draftkings but that's come down quite a bit, too. it's not been a good group. let's go to corey in massachusetts. corey. >> dr. cramer, the og himself. how are you doing, my friend? >> i wish i were, but thank you so much. let's go to work. >> well, listen. i fear i have a dog on my hands. i walk by the u.s. office nearly every day. shutout to the great city of southeast south boston. in the age of speculation and quantum ai, where is the love for the future of medicine? crsp. >> i want to own crspr because i keep seeing their name come up, but boy, the stock's been a tough own. let's put some away and if it

goes lower, we'll buy more. how could the company keep using money like this? it's moderna like and the money they throw in the chimney. paul in ohio. >> hey, a big boo-yah to you, cramer. >> absolutely. big buckeye fan. what's up? >> hey, man. thanks for all you and your staff do. >> thank you. >> appreciate it. >> staff puts up with me. it's incredible. go ahead. >> part of the club looking forward to working with you this year. >> it will be great. we just work every day. this whole weekend was devoted to it. how do i help. >> i'm calling about sea gate technology. >> you know, with this stock, it is never ever done well in the time that i've watched it and it's always been cheap. i'm calling a value trap. if you like sea gate, i say that you will love broadcom and that, ladies and gentlemen, is the conclusion of the lightning round.

>> coming up, what the make of the latest moves in tesla and palantir. next. carl: what's up, carl nation! it's your #1 broker with the best full-service wealth management skills in the biz. tech asst: actually i'm seeing something from schwab. (uh-oh) producer : yeah, schwab lets you invest and trade on your own. and if you want they can even manage it for you. not to mention, schwab has a team of specialists for taxes, insurance, and estate planning. both producers: all with low fees. carl: we're experiencing technical difficulties... uh, carl... schwab! schwab. a modern approach to wealth management.

is a bitcoin etf the same as owning bitcoin directly? while bitcoin etfs might offer a familiar face, they lack the true ownership and flexibility of directly investing in bitcoin. with itrustcapital you can buy and sell real bitcoin 24/ 7 with the tax advantages of an ira. real bitcoin means no middleman, no restricted stock market hours. choose the path of direct bitcoin investment with itrustcapital because access equals opportunity. invest in bitcoin at itrustcapital.com today.

some stocks just hurt. they rip out your insides and strip you of your face. at least that's what it feels like. right now, those two stocks fit that bill. tesla and palantir. won't let you value them using traditional metrics because they just keep roaring higher.

they are true market darlings, the likes of which i haven't seen in ages. they're the kind of stocks that at one point in my hedge fund career we would buy them, put party hats on, pound the table and chant their names like players on a gridiron. i struggled with these stocks over the weekend in a piece i sent out to investing club members. these are not the kind of stocks we want to own for the trust, i explained that. but palantir and tesla are almost certainly headed higher. that's a great reason to buy if you own a hedge fund, chasing momentum, but not a good reason if you're running a regular portfolio. if you're a hedge fund manager and they keep going higher, you're in fabulous shape. you never had a real reason to own them other than fear of missing out their next moves but we don't play that game with the charitable trust because it's too hard for you to do at home.

instead, we have to figure out the company, palantir. this morning, a piece that started from morgan stanley was entitled quote, when in the early rounds of ai but valuation views risk reward and then the analysts wrote quote, while that acknowledging strong execution and momentum, we see success more than priced in at a current multiple premium, end quote. given last year's gain, they're saying nuch is enough. no price is too high for the buyers of palantir. they'll be back. maybe as early as tomorrow. they behave more like a cult than a company. if you look at any of the numerous videos of the ceo, you will be mesmerized. he's got what it takes to be a co-leader. as people will discover, they'll pay more and more for his stock because he wants to change the

world. he's also by the way a great shot in the counter. carp has retail investors going gaga over the stock. it's a bit like game stock. the difference is there's ood ls of contracts. game stop had neither sales growth nor potential. i think that could happen to pal palantir, but not yet. especially if it's brought in by musk's doge operation, they are going to make a killing. tesla. last week it went down because of disappointing vehicle sales. the next day, it went up more than it went down. tesla's no longer a vehicle company. it's a tech company. the stock's expensive as a car company, but dirt cheap as a tech company with political connections and could become the self-driving car company.

this is what i think, federal highway, that's the place where we can self-drive. i think palantir and tesla are going higher, but this is the kind of move you can only take advantage of if you can put it into strength. if you can't manage your portfolio like a hedge found, don't think about it. while we respect their ability to go much higher. i like to say there's always a bull market somewhere. i'm jim cramer. see you tomorrow! they'll investy or fight each other for a deal.y this is "shark tank." ♪♪ with a product inspired by his daughter. ♪♪♪ my name is travis perry. i'm from dothan, alabama, and i have invented a product that allows you to play the guitar instantly. put that finger there, okay. now strum the bottom four.