>> dan. >> i've never had a girl bring me anywhere. really tough. >> i believe. >> you got an upgrade here today. that looks a little overdone, guy. >> ek. that would be the e in my tube. are you playing our home game? >> thank you for watching fast money. we'll see you back here tomorrow at five. 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 friends i'm just trying to make you a little money. my job is not just to teach you, but to entertain you. so call me at one 807 43 cnbc or tweet me jimcramer. just because there's a flurry of business announcement by president trump does not mean the sky is falling. especially when he's doing exactly what he told you

he was going to do. putting tariffs on mexico canada and china. yet that's all i heard last night and this morning where once again we heard that the world was ending with the market looking like it's about to fall apart, only to rebound when we got an amenable statement from the president of mexico, claudia shaman. suddenly went from down about 2% to the dow, finishing just off 123 points. it was positive at one point. s&p dropping 0.76%, nasdaq losing 1.2%. but it was the worst last night. looks like the end of the world though didn't occur. now i want to take a moment here to talk about panic. i think many investors had a panic attack last night because president trump quickly announced these tariffs, 25% on mexico, 20% on canada, except for oil, which is 10% and 10% on china. now, these moves were shocking to many people, which is insane to me. candidate trump said that he would take that. he said he told you again and again that he was going to take these actions against these countries. so how the heck do you convince yourself that he won't do it?

there was one part of this that was surprising in a good way. i figured china would get the highest tariffs and canada would get the lowest. given that canada is a terrific ally, the 25% duty on the goods seemed pretty radical, especially since it's not like we have a big fentanyl or migration crisis on the canadian border, do we? plus, they seem relatively innocent as far as trade policy goes. but president trump said over and over again that canada was taking advantage of us. so they got hit. by the way, the 10% break we got with canadian oil was a serious concession because they sent us 4 million barrels a day and there's no place to store it if we stop taking delivery. canada was surprised and didn't have much of a plan except to hit us with their tariffs of their own. i don't blame him for being somewhat blindsided. i know that prime minister trudeau got a stay of tariff execution after the close. one month could bode well for tomorrow, but there was a way to change the narrative with our president. you just had to be more like claudia sheinbaum, the president of mexico. sheinbaum. she was ready. she knew that trump was going to change the rules. she knew he had the upper hand. she

understood his goals to stop illegal immigration, stop the fentanyl. she knew that that was in her interest, too. what was not in her interest was a trade war. she didn't want to throw her country into recession just because trump was doing what he threatened to do. the market was hideous until trump gave her the 30 day pause after she committed 10,000 mexican national guard troops to the border to stop the immigration, fentanyl and also automatic weapons. look, i have no idea if president trump was surprised. maybe he had planned it. i don't know, but i do know this. he can already claim a victory. he can say that he got mexico to do what he wanted mexico to do. he gave them a path and they took it. last night, it felt like most investors believe that every leader would respond in kind. china had a little bluster, but it seemed that they understood. they got off easy. i think the chinese will see the 10% number go higher if they're recalcitrant. to me, this was obvious. the president told me there could be some good news with china. when i interviewed him on the floor of the exchange after the election, i have no

idea why he went so easy on the chinese, but it's possible that he might want to try to extend an olive branch to china, at least a start. if he had started at 25%, he wouldn't have much room to navigate, would he? what would he do now, though? he's got plenty of room, plenty of room. and china's nose is getting a pretty good deal. i think they should do something. maybe take it. oh, and a lot of people were bummed that that trump moved on tariffs first. he also didn't tell us that elon musk would start some real doge work, creating havoc by taking action to save taxpayer money, even if most of these savings were probably unconstitutional. again, why do people not believe musk? does he impress you as someone who doesn't care who's moved on? again, if you didn't believe the president's campaign rhetoric, you were indeed shocked. if you did believe, then there was nothing surprising here at all. now there's some real crazy stuff that happened today. if you offered a value meal, your stock went up higher. brinker. darden. dutch bro, mcdonald's, starbucks. they all moved higher. hey, even chipotle, which could have real avocado problem, did quite well today and they're about to report

their quarter tomorrow. wow. this group made no sense to me at all. tariffs can make dinners more expensive. but the market was indifferent because their domestic operations. how about costco? you got big tomato field near me in mexico. walmart. they both really rallied, even as they do sell a lot of mexican vegetables. less crazy health care. easy. many of them report this week and they're down pretty hard from their highs. what an easy group to buy safety stocks if tariffs caused the recession. medical devices rallied. big idea labs, the vet supplier, reported an amazing quarter and it roared. we got some furious action. old fashioned fintech took mastercard, visa, and of course, palantir. holy cow. i mean, there's no no stopping palantir now. it's on the move. oh, it's i said it was going to go above 100, which is actually part of wall street parlance, and it sure did. now we had a lot of tech stocks trading down pretty hard in premarket action, but many rallied from the bottom as traders realized that the tariffs weren't so horrible for the group. now, i don't want to say that we had some sort of clearing event today that somehow we got a crescendo and a lot of techs and the sellers are

finally done. many of these stocks came back from oblivion, but alphabet and amazon report this week and they've got to be good. they also have to say that they're standing by nvidia lock, stock and blackwell their most expensive new chip. in the afternoon we heard that an off the cuff president trump talking about a sovereign wealth fund. and after the bell he signed one into law. i mean, talk about something that could move the tech stocks up. they've been in the doghouse lately. anything's possible with this guy. although that was not a campaign promise. he said he might buy bytedance, the chinese owner of tiktok, which is in limbo. who knows where that money is going to come from? beats the heck out of me and probably everybody else. i think it's time for the people who hate president trump, or those who hate parts of his agenda to recognize something, they've got to recognize that most presidents try to follow through on their campaign promises, even if it might hurt the stock market. trump's not focused on conventional inflation. he's not focused on the fed and interest rates. he doesn't even focus on the supermarket. he's focused on tariffs because he believes that's how he can make america great again. he's a tariff man. you may think the tariffs don't make america great again. hey, maybe you think they're terrible

policy or that these blanket tariffs are downright insane. it doesn't matter. you're not the president of the united states, believe me. trump's not going to hold back on his agenda just because you think it's a bad idea. so here's the bottom line stop panicking when trump does something you think is crazy. and remember that he promised to do most of this stuff before he was elected. and he's still one. many say this is a precarious moment. i heard that again and again. i simply say, you got what your country voted for, whether you like it or not, it really doesn't matter. so get used to the turmoil. you don't have to enjoy it. but remember that in the end, the president sure does. let's go to scott in tennessee. scott. >> hey, jim. huge, huge fan of the show. oh thank you scott. thank you. go, bears! yeah. yeah, i was calling you. i was interested in what your thoughts are on oracle. i've been acquiring, you know, shares over time. right. dollar cost averaging. and it's been kind of flat for the last five months or so. so i was wondering what your what your thoughts are on it.

>> well i mean oracle had this gigantic move. i mean just huge. and everyone thought that it was just terrific. and then what happened, frankly, is that we got all the great news and now we're waiting for more great news. and i don't see any more great news. i think you have to wait until they report. and when they report, they're going to have to have something really special. but it's not until march 11th, i think you'll be buying time in the stock for now. i want to go to bill in massachusetts. bill. >> jim, i just wanted to say thank you for your honesty and your integrity when it comes to the stock market. i really do enjoy it. >> thank you. you got to put yourself out there and say the good with the bad. and i say a lot of bad. i say a lot of things i made a mistake on. i think that's what makes me authentic. how can i help you. >> as a club member? i recently sold some of my tech and i invested into blackrock and goldman sachs. today. i did add to my blackrock and i'm wondering should i add more to goldman sachs? i really do like

it. >> and i think goldman is incredible. the stock sells at 13 times earnings. it's doing amazingly well. i think it is a solid buy. so it down at one point today. so low 622 was terrific. blackrock might be down because vanguard cut its fees i trust larry fink i think it's a great opportunity to buy. and you saw it because your club member that we picked at some today. and thank you for being a member of the club. let's go to joe in new jersey. joe. >> hello. >> mr. cramer, thank you for taking my call always. >> joe, great to have you on the show and thank you for calling in. thank you for being consistent. how can i help you? >> on my way to on my way to work, about a mile and a half away from my house, i've been watching this beautiful warehouse go up about a year or so later. it's up and it's called vertiv. i never heard of it. i look it up and it manufactures digital infrastructure for data centers. do i buy this company? >> this is for. this is ford of

fortive or ford of. virt. vertiv or vertiv. okay. look, vertiv the look, you need to know that the chairman of vertiv is dave cody. he was my former next door neighbor. he's a brilliant industrialist. the stock is down very big. it's involved with data centers indeed. it's actually a data center play. and i think the stock has come down enough that i think you should buy some. but joe, not all, not all and not all at once. this is a wild trader. and if it's a wild trader, you don't need to stick your neck out. all right? look, look, it's just not worth selling and saying the sky is falling every time trump does something that you think is crazy. remember, most of these things are things that he promised. so get used to the turmoil or get out. well, mad money tonight we're officially one month into 2025. on outlining the s&p 500 stocks that stood out and sank in the markets. january action plus, the company behind ogz and hookah, posted a hideous decline after report last week. i'm going to tell you if i think deckers is a buy or sell at these levels, and later i'm

getting a read on how president trump's tariffs might shake up supply chains. and my off the tape exclusive with flexport. so stay with cramer. >> don't miss a second of mad money follow jimcramer on x. have a question. tweet cramer hashtag mad mentions. send jim an email to madmoney.cnbc.com. or give us a call at one 800 743 cnbc. miss something. head to madmoney.cnbc.com. >> this is my. legacy. >> good morning with local acts. >> good good good morning. hey. yeah. >> frank dulcolax chewy fruit bites for fast and gentle constipation relief in as little as 30 minutes. making your good morning even better with dulcolax.

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it brings people together in meaningful ways. custom frames and counting. get started today at framebridge. com. >> now that we're a month into 2025 and the market's already reacting to president trump's agenda, it's worth looking at what's been working and what hasn't been. jeremy was kind of

an overall solid month for stocks, although some of the biggest winners have now pulled back substantially from their highs. when you look at the five best performers in the s&p 500, let's see what you get. constellation energy is first and vistra is fourth. those are both nuclear power plants. then there's cvs health in second, ge aerospace in third and f5 in fifth. when you look at constellation and vistra look these nuclear stocks have had explosive multi year moves. as the data center buildout has created this electricity shortage around the whole country. and nuclear remains the preferred power source for any company that cares about climate change. now we've got some huge data center announcements from microsoft meta. last month. then oracle, softbank and openai teamed up to form something called stargate with a $500 billion infrastructure plan that was announced at the white house on president trump's first full day in office. in response, stocks like constellation soared, but then deep sea captain and wall street is now trying to figure out if the tech titans have been spending way too much money on ai hardware. both constellation and district got obliterated in response,

although they've now rebounded pretty substantially from the lows. and again, they still finished january up big. i've seen some analysis suggest that deep seek has been downplaying its real costs, but until we get more clarity, i don't want to stick my neck out for nuclear stocks because these only work when the data center story is ironclad. now, i do know this got strategic from ge. renova, which builds nuclear power plants, is getting more bullish about the near term possibility of orders. but even under the best of circumstances, these things take years to construct. the second best s&p 500 stock in january is frankly, pretty shocking. it's cvs health up 25.8% last month. now, cvs and chief rival walgreens have both been spiraling in the post-pandemic era. last year was no exception. cvs in particular, they fired ceo karen lynch and its stock finished 2024, down more than 43%. so maybe you could argue it was due for a bounce. but the odd thing about cvs january rally is the fact that there really is no clear catalyst for it. now. there was plenty of news involving walgreens last month. very little of it good, but it looks like cvs mostly rallied in

response to an announcement from the centers for medicare and medicaid services, which said early last month that payments from the government to medicare advantage plans are expected to increase by over 4% from 2025 to 2026. but i'm going to need to see more legitimate good news from cvs before i believe in any term the company reports next wednesday. let's see what they have to say before chasing the january rally. third best performer in january was ge aerospace. yes, the part they left over, left over after they spun off the healthcare and power business businesses. now ge aerospace finished january up 22% the old fashioned way. a true blowout earnings report. it's delivered on january 23rd. not only did the company smashed expectations for the quarter, management also issued strong earnings and cash flow guidance for 2025. they raised dividend by 30% and announced a new $7 billion buyback plan. what's not to like? ge is another stock with huge gains in recent years, but it's a huge run, has been supported all the way by steadily improving numbers. so i think it has more staying power. i remain firmly bullish on ge aerospace under the leadership of this remarkable turnaround

artist, chairman and ceo larry culp. i really like him. i mentioned number four vistra already. so why don't we wrap things up with the fifth biggest gainer. it's called f5 has nothing to do with formula one or anything like that. this is up 18.2% in january. this tech company, formerly known as f5 networks, specializes in application security and delivery solutions. oh boy. this is the kind of thing that everybody's crazy about. it's a story i really should have covered much, much more often because there's been a strong performer literally for decades from when i was a hedge fund manager. stock has already been rising steadily through january, but then gapped up last week after the company reported an excellent quarter. not only did f5 handily beat sales and earnings expectations, but the company also raised its full year forecast substantially. while the guidance for the current quarter was not as strong, f5 got to pass. the stock's humming deserves every point of this move and more. hey, by the way, let's have an honorable mention for chapel trust holdings starbucks that was sixth in the s&p 500 last month. it gained 18% primarily because of a big move last wednesday after the company reported a better than feared quarter, with positive commentary from new ceo brian

niccol, formerly of chipotle. while the stock moved a lot since niccol was announced its new ceo last august, i'd still much rather bet with him than bet against him. even up here, those are the winners. how about the biggest losers? the two biggest decliners are both california utilities because of the wildfires in southern california. the biggest loser, edison international, was down 32.4% in january. this is the parent company of southern california edison, which services the areas that were actually impacted by the fires. but the second biggest decliner is very intriguing. it's pg and e that's down 22.4% last month. now that seems to be just guilt by association. patty. poppy told us that she's the ceo. it doesn't even operate in southern california. i think it's worth buying after last month's weakness. yes, it's dirt cheap. buy it. the third worst name is a tough one for me. it's constellation brands stc, down 18.2%. as a purveyor of mexican beer brands modelo, corona and pacifico. this stock was already under pressure after the election, and then the bottom fell out after they reported a bad quarter early in the month. now, we spoke to constellation ceo bill newlands that night and came away pretty disappointed

with what i felt was a lack of urgency about fixing the company's problems. it almost feels like they're in denial. where do i come down on this one? well, with the arrival of tariffs this past week, the travel trust sold half of its position. constellation today enough, even with the pause of the mexican tariffs announced this morning, this position has just become way too hard to own. liquor is a tough thing to own in this market. the fourth worst performer in the s&p last month was on semiconductor. that's down 17%. this chipmaker is a leading supplier for the auto industry, and though it doesn't report until next week, the stock got hit after texas instruments reported last monday and gave a dour outlook for the automotive and industrial end markets. the semiconductor cohort is all over the place. no one selling into the i theme are still doing pretty well, but anything cyclical like texas instruments or onsemi has had a real tough go. finally, the fifth worst stock in the s&p 500in january was electronic arts. yay! the video game publisher with the stock down 16% last month. now a simple, simple story. last month, ea preannounced shockingly light numbers for its latest quarter, thanks primarily to significant

underperformance for some of the company's biggest titles, their soccer business now looks to be a shambles. a couple of years ago, ea took a gamble by forging forward with its previously lucrative franchise, despite losing the license to use the name of soccer's top global governing body. that gamble has not paid off for reporters tomorrow, but it is tough to see how ea tells a better story. bottom line pretty disparate group of winners and losers, if you ask me. very different from 2024. so why don't we? why don't we see how things play out for the rest of the year? mad money is back after the break. >> coming up. is now the right time to try deckers outdoor on for size? or should investors run for the hills? cramer is sharing where he comes down next. >> cnbc live ambitiously. >> take the bull by the horns every morning with jim's top ten. the biggest headlines, earnings reports and jim's hot

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groceries with easy four ingredient recipes so you can have a healthy home cooked meal in minutes. hungryroot. join now and get free veggies for life! >> what the heck just happened to the stock of deckers brands? that's the parent company of the ugg brand and hoka, one of the fastest growing sneaker brands in the world. going into earnings last thursday. deckers had rallied more than 70% over the previous year, primarily thanks to the strength of the hoka. but after the company reported its stock plummeted on friday. oh, my. >> sell sell sell sell sell sell. >> losing more than a fifth of its value in a single session. and it fell another 3.8% today.

now everyone likes to talk a big game about how they immediately buy more of their favorite stock if they ever see a big decline, right? but when the time comes, people are a little squeamish, asking themselves, what do the people selling deckers, down 20% know that i don't, and that's why it's important to take a step back and do some research before you decide on the next move. which brings me back to my initial question what the heck did happen to deckers? now, at first glance, this actually seemed like a pretty darn good report. they reported quarter was actually the largest, most profitable in company history. higher than expected sales, all time high gross margins, and a 42.42 cent earnings beat 42 off of a $2.58 basis. the most important brands that did great ugg sales surged 16%, fueled by strong holiday meant hoka was up 24%, proving the running shoe brand still has legs. so then what went wrong? simple management gave a disappointing forecast for the current quarter, talking about roughly 1% revenue growth. wall street was looking for 11%. they expect ugg sales to decline double

digits and their earnings to be down nearly 50% year over year. >> the house of pain. >> their gross margins also expected to contract from 325 to 350 basis points, thanks to higher freight costs and promotions, as they're lapping unusually low levels from a year ago. now, this was a brutal reality check for investors who expected the strong momentum to continue unchecked. i know every time i looked, this thing was going up. deckers essentially told the market quote, we just had a great quarter, but don't expect that to continue. end quote. that's massive buzzkill for a stock that was already priced for perfection. why the soft guidance? largely because while uggs had an incredible quarter, that strength came at a cost. demand was so strong over the holiday season that the company sold through too much inventory, leaving them sold out of key styles going into the next quarter. now, to be clear, this is a high quality problem, right? because demand is still strong, but they don't have enough inventory to take advantage of it this quarter. unfortunately, wall street hates

sequential revenue declines, especially for high flying brands. even just because of the timing, they're not going to look through it. worse, deckers guidance implies that growth is slowing. a serious problem because so many people own the stock precisely because of hoka, which has been an incredible growth engine. now, also, while hoka sales grew 24% in the quarter, they just reported, which is pretty good at face value. that was only in line with expectations when 24% growth can be seen as almost a disappointment. maybe the expectations had gotten too high, and for the current quarter, management implied that hoka might only grow in the low double digits. not exactly like hitting a brick wall, but when you're used to much higher growth, decelerating to the low double digits might cause some real turbulence. >> sell sell sell. >> yeah, you got it. in short, investors are worried that hoka might be peaking again. this is deckers key growth driver. if it slows down dramatically, the whole thesis falls apart. we've seen plenty of sneaker businesses crash and burn over the years. now, before the report, deckers was trading at

over 34 times forward earnings, which is a big premium for a footwear company that's even more expensive than nvidia. and while the world may run on hoka, the ai revolution does not. fast forward to today, and after the sell off, and deckers now sells for under 27 times forward earnings, there's a simple reason for this. wall street doesn't tolerate high valuations if the growth rate is slowing down. deckers was indeed priced for perfection and it didn't deliver perfection, didn't deliver flawless support. the stock it just got torched. all right. so is it a golden opportunity to buy or is it a sign of more disappointment? despite all the fear that a sell off generates, it's important to take your emotions out of the equation to see whether it's worth buying the stock now. i can come up with a few reasons to believe that this pullback is overdone. for starters, management here is notoriously conservative. they love to under-promise and overdeliver. additionally, demand for uggs is still strong. they just don't have enough merchandise. once management restocks their inventory, unless everybody bought something else, sales

should normalize. despite the worries about a potential slowdown in hoka, management has several big launches coming up that should continue to invigorate the brand. these new shoes include the bondi nine, the clifton ten, and new trail running models that should keep the brand growing. regular viewers of this show know that we love to read that biannual pep piper teen survey that does a great job of giving us insight into what younger people are buying. i love that thing where deckers is consistent winner with both ugg and hoka. on the conference call, deckers mentioned that hoka was the second most worn brand at the high school cross country national championships. now that's a good sign. management also has a massive cash pile. i really like this aspect. deckers has $2.2 billion in cash. it has zero debt. and that's got a lot of a lot of flexibility, meaning they can focus on long term growth of the brands without having to juice short term sales, as they explain in the comments i'm quoting here. we don't want to be in a position to have to trade brand equity for short term revenue. end quote. but honestly, the best

argument for deckers is that the stock's a heck of a lot cheaper than it was last thursday, especially with today's additional 4% decline. of course, there's also plenty of reasons to stay away. stay cautious. stocks don't go down 20% for no reason in a single day. now we know the current quarter will be rough, and investors won't want to touch the stock until they see improvement. hulk is slowing. growth is a real risk. if it drops below the expected 20% growth rate next fiscal year, i think the stock could still keep falling. as for the tariff news that came over this weekend, which is what decker sent down another 3% today, this isn't actually much of a concern to me. while the company makes a lot of products in vietnam as well as china, their business outside the us has been growing at a faster rate anyway, so the lower relative sales domestically are already priced in to some extent. so here's where i come down. if you're a trader, stocks that fall more than 20% on earnings usually do not bounce back overnight. if your short term focus, you might want to wait for a clear bottom before jumping in. we don't know just how conservative management's being for the fourth quarter or what their forecast for the next fiscal

year will be. deckers is still an elite company, but sentiment took a real hit here, and it might take a little time to recover. but the bottom line for the longer term investors, i actually think this is a solid buying opportunity. deckers is a high quality business with strong brands, a great balance sheet, and the wherewithal to not chase short term revenue at the expense of its brands. this dip could be the best chance to get in at a discount, but there will always be people who will be disappointed all over again. if the numbers don't improve the next time, deckers reports. so you can afford to take your time before you buy. i want to go to sam, my old home state of pennsylvania. sam. >> jim, how are you? >> i'm doing okay. how about you, sam? >> i'm good. you know, jim, i know the market was upset today about the prospect of tariffs, but one of the companies that i think is strong enough to withhold some of these tariffs is on holdings. the company that i called about about one year ago to the date called when it was at 27, looking at 58, i think it's a great buy here. long term. what do you think. >> okay. i think one is a great

buy. i think it's got the momentum. but understand when you say longer term, i get a little nervous because sneakers unless, you know, look what happened. even nike. longer term i think one is a hot sneaker. i think it's going to stay hot for another year and then we have to revisit. but i think you've got upside on every single pullback on on dan in pennsylvania dan. >> booyah cramer calling. >> from booyah. >> pa go birds. >> go birds go eagles. what's happening. >> yeah you introduced me to this stock in 23. and it has earnings this thursday. so it's in a quiet period. it's down 30% in three weeks on heavy volume with no news. it might be about chinese tariffs. the stock is elf. >> yeah. well it's going to report i do think that the chinese news they make this stuff in china is real bad. and it's going to hurt their profit margin. and we got to hear what they're going to have to say. i have to tell you, i'm very uncomfortable buying something that is all sourced in china,

given the fact that we don't know what the president's going to do if china doesn't play ball. all right, i think you're slipping. deckers outdoors is solid buying opportunity for long term investors. it could be a chance to buy some off of a really good stock that's on sale. much more mad money ahead, including my exclusive look at the trade landscape with supply chain logistics company flexport. they know it all. then where do american companies doing business in mexico stand after today's back and forth on tariffs? don't miss my take and all your calls. rapid fire in tonight's edition of the lightning round. so stay with cramer. >> for me. >> squawk box is breakfast with the most interesting people in the world. >> it's a privilege to get to talk to them every day. >> it's more entertaining than any other morning show, but you might get some useful information. >> squawk box weekday mornings, 6 a.m. eastern. >> cnbc across the globe, industries are transforming, and businesses need to navigate the changing landscape to stay ahead. when you partner with

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president trump's new tariffs on goods from canada, mexico and china. although the market bounced back when we learned that the mexican tariffs would be delayed for a month. i'm surprised so many people were surprised by this, given that trump talked about it a lot on the campaign trail. still, now the tariffs have arrived and companies need to cope with them, especially companies with international supply chains. which brings me to flexport. it's a leader in global supply chain technology, helps companies do a better job of managing their logistics. we got to know what kind of conversations they're having with their customers and how they plan to handle these new import duties. so let's check in with ryan petersen. he's the founder and ceo of flexport. get a better sense of what the heck is going on. mr. petersen, welcome back to mad money. >> booyah jim thanks for having. >> me back. all right. >> thank you. all right. so what are the conversations been like with your clients who do business in china and mexico and canada? each one tell me because it's got to be crazy. >> yeah it's. >> a little bit crazy. it's day to day. i mean, i tried to take one day off this weekend and next thing you know, i'm getting 40 texts from my team saying, did you see this new executive order and that one? so we're

trying to be really communicating very clearly with our customers about everything we know. but it's kind of that balance of how much is overcommitting and communicating, because sometimes you're waiting for more official policy to be issued than just a white house statement, for example. >> well, you got to break it with mexico. but tell me what would have happened if they had done done them immediately? would have would a trucker be invoiced? would they not let him in? i mean, what's the actual physical process? >> yeah. you know, i the way that we think it works is that you basically have this cut off date and they said that it would be, would have been tomorrow and it's have the goods been loaded at that point in time. and then you have to make a case, they might charge you duties and you can make an appeal effectively saying that, no, in fact the goods were this is for ocean freight. if it's a truck, it's got to clear the border of course. but for ocean freight, if it's if it's already on board, you can make that claim that, hey, your goods were already loaded. >> well, i mean, to me, there would be pure chaos. i mean, everyone is overtaxed. no one's ready for it. i mean, wouldn't there just be lines around the whole globe because of this?

>> yeah, the implementation timeline was pretty unprecedented. you know, in the 301 tariffs that trump did in his prior administration, they gave us at least a months notice to put things in. it's also for cbp themselves to go and implement these things. it takes them some time, some time. so we weren't really surprised when mexico got extended extended. we'll see what happens with canada though. there hasn't been an agreement yet today. >> now, ryan, did you tell people, look, you got to get in ahead of this. if you have any spare capacity warehouses in america, you got to ship the stuff now, unless it's perishable. and did people listen to you? >> yeah, we've seen a lot of that, especially in china. china has been, you know, long foreseen that there would be sort of escalating duties on the imports from china. and we have seen that in our customer base that people have been importing much more, trying to pull goods in. the next. we had a 10% increase on duties from china. that's on top of all additional duties that was issued this week. but really the real review is on april 1st. that's when the treasury secretary is required to give a report to the

president on advising next steps on chinese trade and a whole range of policies. and, you know, i would expect the duties will continue to go up. so, yep, if brands can, they're likely trying to import those goods ahead of time. >> okay. so could you explain to me the de minimis stuff? i see a lot of stuff from sheehan and temu, and it seems like they were getting a real break. it looks like there's no more break for them. is that what's happening? >> yeah, effectively. so if de minimis means if the goods are less than $800 and they're directly consigned to the final consumer, that's you and me. if it's less than $800 per day, per transaction, per per customer, then it's there's no duty owed. regardless of what the duty rate is, there's no duty owed. so with this latest executive order, they shut down the de minimis program for goods that are made in china, for goods that are made in mexico and made in canada. now, this is a very big regulatory. this is a very big change. it's a huge some people call it a loophole. i don't you know, it's a statute passed by the government. i don't really call it a loophole, but whatever you want to call it, it's very big. a lot of

companies use this. you mentioned teemu and shane and shane, but of the top 100 shopify brands that sell, you know, e-commerce, direct to consumer brands, 30 of the top 100 are also importing in this fashion. what they'll do often is put the goods in mexico or in canada and then ship them one at a time so they don't have to pay for air freight. they'll ship them one at a time from a fulfillment center in tijuana. that that has been postponed. if it's coming from china, you can no longer do that. if it's made in another country, say, vietnam, that has not yet been shut down. so we're going to monitor that very closely and see if they see if they close that. >> how about the unfortunate people who moved their business from china to mexico thinking they were reshoring. they just kind of going from bad to worse at this point. >> it has. and mexico, you know, actually, we haven't really talked about it here. but back in december, right before christmas, the mexican government actually made a huge change to their import policy with zero days notice. just announced that the day before christmas. and it sent all kinds of brands into a tailspin trying

to move their fulfillment. in fact, flexport offers e-commerce fulfillment services here in the us. we doubled the size of our business in already. we hit our annual goal in january because so many companies had to move their fulfillment operations back from mexico into the us. so yeah, it's been a crazy time in the logistics world. >> okay, so how is your how's flexport doing? i haven't talked to you in a long time. >> well, you know, we're doing great, but we're our customers are really trying to stay on top of all these changes. and so it's a really interesting time. i think the more complicated global trade becomes, the more valuable our services is. our job is to make things simple. we want to make international trade as simple as flipping a light switch. and so the more regulations that come out that make that harder, you know, the more important our work is. and so we've we're having a great time working with customers and trying to solve for these complexities. >> do you think today was a bit of an overreaction, both with the customers and with the stock market. >> in general? i'm not a stock market investor. i don't know how to weigh in on that stuff,

but i think the long march of history says that human beings want to do trade with each other. governments may put up tariffs, they may take down tariffs. but if you look at 800 years of history back to the mongol invasions, global trade has grown 4% on average. so i just expect that, you know, if you look in 50 years from now, there's going to be way more trade than there is today. and i don't pay attention on the day to day. >> well, in the end, who gets hurt? who? >> yeah. i mean, at the end of the day, businesses that are don't like complexity. they want to have some certainty about what's going to happen. it's very hard to plan a supply chain when it's changing day to day. and so i think it's really hard for these businesses to figure out, you know, what is the government going to do and how should they set themselves up. possible that this will lead to higher prices in for consumer goods. but there's all kinds of other variables that may lower taxes or may create a simpler regulatory framework that might increase demand. i mean, we're going to see the price of air freight come down a lot. if sheen and thomas can no longer do the same amount of volume, we're going to see. we've seen

the houthis back off a little bit here, probably out of fear of what trump administration may do, but they were all the container ships in the world have not been able to go through the red sea for over a year. that we're starting to hear rumors and talk that maybe the container ships will start going through the red sea again. that would really bring down the price of ocean freight. so it's hard to operate in really simple black and white world when global trade is this complex. >> well, we know that it can be navigated by you because this is your world and i really appreciate you spending the time with us. i know you're very busy, man, but i want to thank ryan petersen, founder and ceo of flexport. i love having you on the show. thank you so much. >> my pleasure. >> everybody's back after the break. >> coming up, kramer takes your calls and the sky's the limit. it's a fast fire. lightning it's a fast fire. lightning round. next. (♪♪)

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sponsored by charles schwab. trade brilliantly. >> it is time. >> for the lightning. said. buy buy buy sell sell sell. my staff person planned this out. and then the lightning round is over. are you ready, ski daddy? come with the lightning round. we're going to start with james in connecticut. james. >> hi, jim. >> thanks for taking. >> my call. i'm a club member, and i was a club member of your other club. my question is about emerson electric. okay. >> emerson. emerson. i got out too soon. i was worried that they did a hostile takeover. i don't like hostile takeovers. it was a mistake by me. i should have felt. you know something? these guys are going to pull it off. my bad. lost. i missed out on 20 points. very bad. let's go

to ryan in ohio. ryan. >> hey, jimbo. >> good luck to your eagles this weekend, brother. >> oh thank you buddy i appreciate that. >> what's up? >> i found a stock that i usually watch the either the financials or you know, the indicators. and i found one that's just getting ready to cross the 50 and 200 day. what are your thoughts on five9. >> customer relationship management. they do a very very good. stock. stock is way too cheap i think i am with you and i would pull the trigger. let's go to russ in texas. russ. >> jim, it's great. >> to speak to you. >> shane. what's going on? >> a long time viewer. first time caller. love the show. thank you. this stock has a great pipeline of military and public sector contracts. it's up 160% for the year. but i've also read there's a good amount of short interest as well. it's considered a baby brother of palantir who had a great earnings call today. but i think

it's actually the big bear. brother, i want to know your thoughts on big bear. >> i know you got to go with palantir. palantir is not done. this guy is amazing. karp i mean, i can't say enough good about them other than the fact that everybody else is saying it. good. so you don't really need me. that's the one to be in. sue in minnesota. sue. >> hi, jim. this is sue. >> from minnesota. >> excellent. what's going on? >> and my question. >> won 14 games. >> starting oshkosh corp. they went up so significantly last thursday over 18%. >> and well they they did. they blew away the numbers. i mean, i have to tell you, i was surprised that the numbers being that strong, i know that we had them on. i didn't see that coming. another another great american company that just shot the lights out, that no one was paying any attention to it. i need to start with, i need to go to john in massachusetts. john. >> jim. >> cheers. >> cheers. happy monday. how are you doing, jim? >> wow, i like it. i like your attitude. you're bringing it. you're bringing it today. i'm

doing fine. how about you? >> i got to bring in the energy, jim. >> but, you know, first. >> off, i have to say i'm very, very. >> sorry. >> for you. the people of philadelphia with the recent news. >> i'll just. >> leave that there. but, jim, what are your thoughts on gamestop and do you think kepong is proof of that? i think. >> i'll tell you if you want games, you got to be in take two, because take two is going to have a grand theft auto brand new, brand new edition this year. and that's the one to be in. i mean, you've got to have momentum. i mean, look at what happened with e, so i can't recommend gamestop. i just know it's a meme stock. but if you want a meme stock, of course you just buy palantir. i think everyone should just go buy palantir. i mean, like palantir, it's like, what can i say? alex karp i think he'd find you if you didn't buy palantir. you have to give you a little talking to. let's go to mike in connecticut. mike. >> hey, jim. thanks for taking my call. and go eagles 59. wow. >> it's the marcus team here. absolutely. what's going on? >> it is the last friday you were speaking on the show about a stock and insider buying. well, that very week.

>> i was researching. >> two companies that stock so i can swap out two. i wanted to take a profit on two stocks and put two more in the shoot. okay. one of the stocks was a retail stock and the insider buying was overwhelming. and the stock itself has had trouble throughout the years, but it doesn't seem to want to go away. i wanted to know if you thought that the insider buying maybe falsely inflated the stock, what stock agreement between the container store completed on january 31st. >> okay. and what is the. >> store stock right now? the stock is biogen. >> yeah, biogen. they're making they're buying everything but buy buy baby two i guess it's lemonis. look i actually like their stock i thought i thought container store was poorly run. i thought bay, bay, bay was the one. maybe he can make it better. and that. ladies and better. and that. ladies and gentlemen, the conclusion of carl: believe me, when it comes to investing, you'll love carl's way.

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jim. >> my family does a lot of business in mexico. my wife owns a mezcal company named fosforo. its source near puebla a huge city of 3.4 million people, fourth largest in the country. we took the president seriously when he campaigned on placing tariffs on mexico. so we brought in a huge amount of products, 7200 bottles, far more than we needed, and stuck them in a texas warehouse. we knew what trump ran on, so why the heck wouldn't we try to get ahead of it? seems simple, given that he did win the election. what's amazing to me, though, is how few people truly took him seriously. well, it's been delayed a month. the 25% tariff is real, and if it's executed, it's us. at least right on the bottom line. real impediment to profitability. we weren't alone. i wasn't satisfied with the analysis that bill newman was the ceo of constellation brands, who told us that he didn't think the company would be hit with tariffs because you can't make mexican beer, in this case, modelo corona in the united states. i had no such illusions,

but what i didn't count on was that newly elected mexican president claudia sheinbaum would call up 10,000 national guard soldiers to try to interdict illegal immigration and to stop the flood of fentanyl in return for a one month pause before the tariff hits. i think this opens the door for a change in trade policy to one that's much more targeted now. there's a heck of a lot smarter that that's much smarter than the tit for tat approach that china adopted, one that could possibly preserve a lot of commerce. we have with mexico, our biggest trading partner. you know, we did $807 billion in business with this country in 2023. trump could really sink them if they're not careful. but there's no free lunch in this business. if mexico slips into a recession because of the tariffs, then we can expect a surge in illegal immigration no matter what. the border is too big for 10,000 soldiers on their side, a wall, and as many soldiers and ice officials, officers to police, it is not going to work. however, sheinbaum said that she had a good 30 minute conversation with respect. and that quote, it's about collaboration, coordination without losing sovereignty, end quote, i like that. for example,

she said she was concerned about the smuggling of automatic weapons to and that president trump agreed to help her stop it. i think trump knows that trade with mexico isn't tomatoes or guacamole, or building materials, or even the intertwined nature of the auto business. he knows that if you hurt all these businesses, you can hurt the mexican economy and knock it into recession. if that happens, then there'll be many more immigrants. much crazy immigration. that's the wild card, and neither president wants that to happen. now, if we step back for a second, it's worth thinking about. china bombs courage. a new president could have been confrontational, oppositional. instead, she came to the table in a collaborative way. i know that a month from now, everything could change. it's true that mexico has $162 billion trade deficit with the united states. but it's also true that the president ran on stopping illegal immigration and fentanyl smuggling. and now he already has a win with the president of mexico. he doesn't have to get much more than that, provided that china lives up to her end of the deal. the market was incredibly ugly before sheinbaum came to the table with a peace offering that no will no doubt include mexico buying more

of our stuff. but president trump can now crow the tariffs work. it's giving my wife a chance to import one more truckload of agave spirits just in case things break down, which with trump is always a possibility. i'd like to say there's always a bull market somewhere, i promise. but just for you right here on mad money, i'm jim cramer. see you i'm jim cramer. see you tomorrow. ♪♪ narrator: first into the tank is an adorable way to learn a new skill. corcoran: hey. cuban: oh, my goodness. [ laughter ] hey, sharks. we're justine. and adrian. the wife and husband team behind the woobles. today we're seeking a $250,000 investment in exchange for a 5% equity in our company. -[ chuckles ] -wow. sharks, we're here to get you hooked. on crochet. our company is the woobles. we make fun, simple kits that teach you how to crochet. but instead of a boring potholder,