have you, by the way. >> tim, thought. >> you threw a baby ruth. >> at me. >> in the break. >> and it was you know, i. >> was sorry. >> i put it on your desk for you to eat, and you threw it right out of. >> baby ruth. i appreciate the message. crunch, love. >> anyway, do you have a trade? >> general motors, day two. >> all right. thanks for watching. fast. 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. other people make friends. >> i'm just trying to make you a little money. my job is. not just. >> to entertain but. >> also to educate. so call me at one 800. >> 743 cnbc or tweet me quiver. sometimes. sometimes the stock market is so brilliant that you just have to accept its judgments. other times it's dumb. >> as a bag of hammers. >> at this moment, the market's

alleged reasoning. >> powers are totally. >> impaired, and we're getting this bizarre gyrating action like we. >> had today. >> the dow gained 486 points, s&p jumped 1.12%, and. >> the. >> nasdaq shot. >> up 1.46%. >> that was easy. >> it was totally the opposite of the last two days, but nothing really happened. we just revalued the same stocks in a different light. and it's truly maddening. before i give you examples of some of the market's clairvoyance. >> and its lunacy. >> understand that there are now two kinds of companies right now. the companies that are in the crosshairs of the president. >> sell, sell, sell. and the. >> companies that are in the clear. >> now. >> normally when i'm looking at a stock, i think about its price, its earnings, its revenues, gross margins and the mode it has versus the competition. that's a good starting point. if i have an excellent. feel safe for all these easily available. >> online, i then consider. >> whether i should. >> crack open the file. >> which means reading the most recent conference calls, going. >> over the website. >> or of course, checking out a bunch of analyst notes.

>> if i like those. >> two. then i try to judge the valuation. >> of the stock price. >> now, that's often when i pass on the stock, either because it's too expensive, or maybe it's just suspiciously cheap. now. though, i start with a simple question. >> can president. >> trump hurt the stock? >> can he. >> damage it with an offhanded comment? can he crush it in anger? and most importantly, does the. >> price earnings. >> bubble makes sense in this new world? in light of the president's love of tariffs and total hostility to the way this country has been run in the past, not to mention many of our country's friends. now. with that in mind, let's tackle first the market's brilliant clairvoyance. now, i've been perplexed by the fact that ford and general motors have some of the lowest price earnings ratios in the entire stock market, 7.3% and 7.3, and 4.3 times earnings, respectively, 4.3. remember, the average stock in the s&p 500 trades at roughly 22 times earnings. ford and gm look like the single greatest bargains in the world. ford pays 6% 6.2%

yield. general motors is one of the. >> most. >> voracious buybacks i've ever seen. both seem incredibly cheap, at least until this tariff stuff started. so you have to remember that the autos were a huge reason why we first instituted nafta, and why trump renegotiated nafta in his first term, creating the usmca. one of the most important reasons for this trade agreement was to save our auto companies from oblivion. without nafta, our auto companies couldn't compete against the flood of imports from japan and south korea, which only have a 2.5% tariff on them. the tariffs president trump slapped on american companies that import products from mexico or canada ten times that. when we signed nafta in the 90s, it made tons of sense to try to bring as much manufacturing as possible. we can, and especially mexico. at last, our manufacturers can compete on an even ground with east asia. but now trump wants to take away the exemption that made us cars competitive and affordable. the automakers just got a one month reprieve on the tariffs because the market would go crazy today. but if they ultimately end up paying these tariffs or relocating to the united states, replacing cheap

mexican labor to get expensive union labor, well, their earnings. let's hope they're only cut in half. suddenly we know why those stocks look so cheap. it's because their future earnings are in grave danger. turns out ford and gm could be ridiculous value traps. while the president thinks these tariffs are a great way to create jobs in america. they're going to put our automakers at a severe disadvantage to nissan, toyota, mazda, subaru and honda, along with kia and hyundai. a 25% tariff on imports from mexico is basically a subsidy for those companies. look out for big earnings cuts that will make theultiples go from seem very small to very large, making the stock's true colors come to life. now, how about one? that makes no sense to me. on the upside, we own blackrock for the charitable trust. oh it's been a complete. it's been trying to crack into infrastructure. it hasn't really done anything. well wait a second. ceo larry fink had a brilliant idea. trump wants to pin him up. now, back here,

there are ports on either side, and they're owned by a hong kong based company that were for sale. and, well, fink, one of them, the company ck hutchison, wanted to sell these two and 41 others. why not buy them, put them into that new infrastructure portfolio that fink bought? others had the same idea. but fink got those properties, and now he has the premier infrastructure product in the world to go with his recent purchase of global infrastructure partners. could be an amazing return both for blackrock and its investors. fink kept trump up the whole way. trump obviously loved the deal. it doesn't hurt that he praised the panama canal last night. these blackrock shares what they do well, they're still down 5% for the year and way below where the company traded after its last good quarter. it's ridiculous. i think blackrock stock is worth much more than it's selling for. we're buying it for the trust. but then there's intel. this company may have been the single biggest winner from the previous administration's chips act, which was meant to stimulate more domestic semiconductor manufacturing. intel was awarded a grant of $7.86 billion to expand in the united states under their old ceo, pat gelsinger. he's gone. but the

expansion plan he set up is still on, albeit in a curtailed way. now, we can't tell how much of the grant will actually go to intel, except that it's already took in 1.1 billion last year, another 1.1 billion this year. even if it hits all of its benchmarks, though, a big if. i wonder if the rest of the money will still be there. we can't tell if intel is going to get any more money from the government, but the company needs it badly. intel has 46 billion in long term borrowings. we keep hearing that there's a lot of interest from buyers for a stake in their moribund altera division. i'll believe it when i see it. but honestly, it's shocking that intel's stock isn't down even more here. it fell only $0.52 today after that speech last night. given that so many of the expansion plans seem stillborn, president is mad as hell and not going to take the biden chip back anymore. intel desperately needs to break bread with the president. maybe trump will help get them a partner to see them through this without good news on the tail front. i think the stock is way too expensive here at $20 and change after last night's speech. it's being valued wrong. talk about being in the crosshairs. intel is now ground zero for the end of government largesse, especially after taiwan semi

committed a $100 billion to build semiconductor foundries here in america. and that brings a total of 165 billion. they made a previous commitment. who the heck needs intel. i don't know where it fits in the president's plans, other than to be a poster child for president trump's dim view of president biden's legacy. of course, these days we see all sorts of wholesale revisions, and no one knows how to value them either. this morning, footlocker reported a terrific quarter. much better than expected. as ceo mary dillon's turnaround plan takes hold, aided by nike's attempts to repair its relationship with actual shoe stores, nobody cared too much on wing under the previous ceo. nike didn't really care for foot locker. they wanted more of an emphasis on direct to consumer. it was stupid. that didn't work out. but elliott hill, the new ceo, is working very closely with foot locker, so is on holding. so is deckers, the owner of uggs and hoka. so is adidas. it's a new foot locker. asics likes it new balance, but people were way too gloomy to even note the same store sales improvement this morning. that's nonsense. i think it's a genuine winner. i could go on. and yes,

despite all these positives, the stock only gained $0.89. because things are being valued incorrectly, here's the bottom line. this market is fiercely trying to revalue stocks because of the president's comments. and we do it day after day after day because he's always making so much news. so it's been doing a poor job. and that's created a ton of opportunities for you to both buy and sell. and i say you take them right away. joe in indiana. joe. >> hi, jim. thanks to you and your crew there, the greatest. and thanks for everything you have done for me. >> are you still high. >> on ge voronova? >> yes i am, i'm high on voronova. i'm high on ge aerospace. and if that dog ge healthcare would stop giving up the gains that it has, we own that for the trust. i'd be higher on that one too. i want to go to nick in connecticut please. nick. >> booyah jim. >> nice to. >> meet you nick. thank you. >> sam. >> my question. >> is on palantir. so it's seen a lot of growth came down a bit. there's other players like eli coming into the defense spend.

what's the play here. >> all right. palantir. don't get in front of that. on the short side the meme guys are pushing it up every day. they push it up in the morning. they usually start around 330. i get up earlier than they do. so i watch them do it. and it's just it blossoms each day. what a blast. the manipulation is incredible. but you know what? in the new regime, it's just called solid buying. let's go to myra in texas, please. >> myra as well. >> thank you. >> for. >> taking my call. >> of course. myra, thank you for calling. >> i've listened to the conference call. >> and liked. >> their cost management strategies. also. >> competitor usps. >> could need. drastic changes. >> to become. >> well, i guess solvent. >> can the stock. >> of ups. >> go higher? >> i think that i question their strategy and i certainly i do not question the strategy of another stock that's down a lot, which is fedex. that's the one i'd be buying. and that's raj

subramanian is doing a remarkable job. fedex stocks up today. i think it's the beginning of a big move ups challenge. all right. so far the market's been doing a pretty poor job of reevaluating stocks. every time there's a new trump headline. you know what the good news though. it's creating a ton of buying opportunities that you must take. and of course sell sell some selling opportunities to how many times could data centers drive growth for hvac players like carrier? i got to see out here for the stock is conditioned for a comeback. and where does hasbro stand amid the latest tariff talks? i'll reveal my conversation with toymaker's top prize that stocks are on fire. and later, crowdstrike posted some softer than expected guidance with last report. but should the stock stay down, how long should it be in the doghouse? let's get to the bottom of it with the ceo. and you should stay with cramer.

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how to keep 5g home internet from slowing down i heard you were great. during peak hours? their customers have to share a wireless signal with everyone in their area. oooh. you know, it's kinda like when you bring a really big cake for your birthday, and then there's only a little, tiny sliver left for the birthday girl. aw. well, wish her a happy birthday. happy birthday... -it's... ...to her. -no, it's me. have your cake and eat it, too. don't settle for t-mobile or verizon 5g home internet. get super fast xfinity internet you don't have to share. forty's going to be my year. now from your structured settlement call. >> now. >> all right, here's the thing. i'm getting tired of any stock remotely connected to the data center. build out has been hammered. that includes the heating, ventilation, air conditioning place that prevent these warehouses full of servers from overheating. take carrier global, which has been a huge winner in five years since it was spun off by the old united technologies. fortunately, stock peaked at 83 and change in mid-october. it's now pulled back to just around 65.

attractive? not so much, because the latest corporate quarters have been less than ideal. some of it's from data center worries, and the latest round of weakness comes down to tariff fears. and i think not really people understanding the story we're going to change. that sells for less than 22 times this year's estimates. that could be a steal. don't take it from me. let's check in with dave gitlin, who's been a total winner. he's the chairman and ceo of carrier global. get a better sense of the situation. gentlemen, welcome back to mad money. >> thank you. jim. thanks for having me. >> okay, so, dave, since i've seen you last in the set, you have made so many moves that i really want to reintroduce the new carrier, because in many ways, it's vastly superior to the old carrier. >> yeah. we're so excited about. >> the new carrier, because i think we have the perfect. >> combination of focus. we're a pure play hvac refrigeration. >> company, but we also. >> have. >> balance. >> so we're not. >> oversubscribed to. >> any one. >> vertical, any. >> one geography. >> so we're tied to three. >> key. >> secular trends that. >> are going to drive growth for. >> sustainable periods to come. >> so let's go over those because i think that people are confused right now, because when you talk about secular growth, there's a lot of people who

think that there's things that are cyclical, that aren't, and then there's other people who say that they are an enraged president that just seems to be up against anything that has remote spending involved with the government, even especially if it has climate. so why don't you put those in perspective? >> yeah, i would say. >> the first big secular trend is there's more demand for cooling. >> there's 3.5 billion. >> people in. >> the. >> world only that live. >> in the hottest parts of the world that. >> only have 15% of them have air conditioning. so there's. >> more demand. >> for cooling, more demand for cooling, for data centers, as you as you just mentioned. >> then you have. >> a shift to electricity. so 20% of the energy. consumption today is electric. it's going. to 50%. >> so we're. >> seeing more electric heat. >> pumps. >> more electric cooling. and the. >> third is. >> more demand on. >> the grid. >> and we have. >> solutions that. >> alleviate that demand on the grid. >> all right well let's talk about one. this team up with google cloud that i think is so interesting that people should focus on. >> it's tremendous because if you look at the demand on the grid, what the. >> utilities are really solving. >> for is peak. >> 20 to 75% of the. >> demand on peak comes. from hvac, hvac systems. what we've

developed is. >> an integrated heat pump. >> battery, so. >> you can. >> run the heat pump off the battery during peak hours. what google is looking for is a win win. we can use. their intelligence to help us optimize our solution, but they're also looking for clean. >> energy for their data centers. >> that they're building. so in a phenomenal partnership that we announced with google this morning, they're a great. customer and a great partner. >> let's talk about data centers. now. in your conference call, you made it very clear that you were late, but you said you've come in like gangbusters. now, i want to know how much business there is because i'm looking at an abi research piece, says vertiv and johnson controls take the lead in abi research. thermal management providers for data centers. competitive ranking. there are others in the field. do you have to price cut to get business? >> no, we're actually doing well pricing. >> wise, but. >> i would say we were a little bit late. but we've come in super hot. >> okay. >> last year about $500 million. this year about a billion. we continue. >> to grow this. >> year two x next year it's going. >> to continue to grow given. >> our order backlog. >> so it's. >> propelling great growth for us. we have unique offerings in

data centers, great relationships with the hyperscalers and now with. >> the colos as well. >> okay. now, are you convinced that the build out is for real and will last for a long time? because, you know, as i said in my introduction, people are getting really, let's say, suspicious 100%. >> it's real. >> are you look at the hyperscalers spending $250 billion on capex. last year on data centers $330 billion this year. >> we're very well positioned great wins. we've been getting. outside share on an orders basis. so we feel really good about the backlog not only for 2526. we're taking orders for. >> 27 and 28. >> okay. now you did the beastman acquisition. we've actually announced basically on my show. i thought it was brilliant, but then i came up against what i found, even in my own little business in italy, is that these countries, they were subsidizing, subsidizing. then suddenly they tell us they run out of money midstream. what's been your experience in terms of subsidies from europe and are europe's really coming back with a vengeance? would they do spend more money again? >> yeah, we're very encouraged

by some of the trends we're seeing now. >> very recently in germany, you know, with the recent. >> election with. >> chancellor merz, this two party coalition like that looks like it's going to be formed. >> we see a conservative. >> government that's going to lower. >> taxes. >> increase spending. >> in. >> infrastructure in germany. so we're seeing early trends of stability. >> and we. >> believe that you will see this continued. shift from boilers for home. >> to electric. >> heat pumps. when that happens we mix. >> up. >> 3 to 4 x. that will undoubtedly continue. and because we are now combined with the best company. >> in. >> europe. >> climate solutions. >> we're well positioned. >> okay, so your hvac europe numbers from your page 12 of your deck. you say it's going to be plus low single digits, but you do seems to be that residential weak but commercial gangbusters. >> commercial is great. >> you know our commercial hvac globally has been up. >> double digits. >> four years. >> in a row. it's been very strong in europe. >> we'll be up. >> another double digits. >> again this year. >> you know. in the residential. >> business in europe we have said. flattish this year. we're

hoping. >> it's. >> conservative and does a little bit better. but commercial hvac. >> especially as they're decommissioning. >> boiler rooms, moving to commercial heat pumps. >> that plays right to. >> our strengths. so i want to say that for the first time in my career, but your long career, we really are in a secular growth for hvac that had been very cyclical. i mean, companies were always trying to get rid of their hvac because they wanted to become more secular. that's no longer the case 100%. >> we have more recurring revenues. we have secular. >> tailwinds, more cooling. >> more electric cooling. >> more demand. >> on the grid that plays to our strengths. >> so we are now. >> in. >> a. >> secular growth phase. >> all right. we got to talk about mexico. we know that the tariffs are coming from mexico. we also know mexico is an emerging growth country left out of the dialog entirely. that was hot. so i mean that both must be good customers. but also we've got a we have some tariff exposure. >> we do for sure. i would say when you look at tariffs. >> all around the. >> world, we feel pretty. >> well balanced when it comes to. >> china, canada, raw materials, europe. >> mexico is the one that we. >> certainly need.

>> to. >> watch, right. >> but we look, we'll do the. same exact playbook we did. with covid. >> we did with supply chain. >> we take a. >> very measured approach. >> we hit these. >> things head on. we have a three pronged strategy with tariffs. number one is pricing. >> number two is. >> work with our suppliers. because we do. >> need to. >> we can't be the ones holding. >> the bag entirely. and then. >> number three is. >> if that's not enough we may need to take. >> cost out. somewhere else in the system. but we'll be very. judicious and very measured. >> and we will hit this. >> head on as we have every. >> other dawn. i hope everyone listens to you. the ceo should listen to you. what you just said is the common sense way for companies to deal with this. instead of the hysteria. let's get away from the hysteria. one last thing. steve tusa, one of my favorite analysts in the whole world, upgraded your stock today. someone was damning with faint praise because the stock had come down. but in general, do you see this business which is much better than the business one? i first met you to have the same. this price does seem a little absurd. i know you're not supposed to comment on your price, but you got to admit with that balance sheet that you have

balance sheet you have, you can buy if it's okay, a huge amount of stock and make a lot of money for the company. >> we are. i mean. >> look, we're. >> between the second half of last year and this year, we're buying $5 billion worth of. shares back. our debt leverage. ratio is down to two x. we're now integrating. >> we're investing in growth. so we feel really good about our portfolio. we feel great about the team. we feel great about secular trends. we feel great about growth. >> well, i am so glad you came on. i agree with you on every i followed your company for, you know, really very closely, and this is the most exciting time that i can recall. and i now feel emboldened on the thing i was most worried about, which we covered, which are the tariffs moving past it. that's dave gillan. he's the chairman and ceo of carrier global. this stock is on sale right. now and you should buy it and money back in. >> right. >> coming up. no more playing around at hasbro. >> playing the winners are new strategy. >> cramer is getting the latest with the toy giant's top brass. next. on cnbc live.

>> ambitiously join the club and. >> start your investing day before the opening bell with specific strategies for members only. >> by joining the. >> club. >> it gave. >> me. >> access to. >> that knowledge. >> from jim that. >> gave me more confidence in my investing decisions. >> it's very helpful. it's information that you have is privileged information. there is no other source of information that you can get as much as you can get from him. >> get invested, join the. >> club. >> get invested. join the club >> get invested. join the club today. go 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,

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while they last at. >> it's not an option.com it's not an option. >> dot com. >> machine learning is advancing, but businesses. wonder if some machines can. >> keep up. >> let's welcome our new coworker, jeff. >> copier has a great idea. >> wonder if it's the. >> same idea as yesterday. >> it's a performance issue. really. >> i know people. >> push your. >> buttons, but you still have to deliver. >> anything can change the world of work. adp assist is i. >> informed by. >> workplace data. and designed. >> for the next anything. >> oh. >> this is such a crazy environment. there are all sorts of companies with great numbers. some have been lost in the shuffle. take hasbro, the iconic toy and game company you probably know you play to nerf dungeons and dragons, among many others. a couple of weeks ago, hasbro reported a terrific quarter higher than expected revenue paired with a pretty

sizable earnings beat and a strong full year forecast for 2025. in response, the stock shot up nearly 13% in a single day, jumping from 61 to 69. but thanks to the insanely volatile action, do the dishes now pull back to 63. you're practically getting that amazing quarter for free. so could this be a buying opportunity? yesterday, i got a chance to sit down with chris cox. he's the ceo of hasbro. he was in town for the annual toy fair event in new york city. i want you to take a look. mr. cox, welcome back to mad money. jim. >> thanks for having me. >> well, i've got to say, chris, the momentum your business has is extraordinary. and i think it's fair to say that you are playing to win. tell us what that means. >> playing to win is our new strategy. it's refocuses the company. >> on play and partnership. two things i think we're best in class on. >> and focuses on. >> three business lines games, which is. >> our high. >> growth. >> profit driver. >> ip, which is really about licensing and. entertainment and outsourcing. that up 60%. >> in the last. >> three years. >> and toys, which is a diversification. play and a

firm. handshake with tens of millions. >> of kids every year. >> i think that you were known as a toy company. i know it was questioned what you were on the conference call. i think you're one of the greatest ip companies in the world that also happens to sell toys. >> i think that's. >> a fair. >> i think that's. >> a fair approximation. >> of. >> what we are. >> yeah. >> i do want you to talk about what licensing means, because licensing turns out to be this fabulous asset light business. and you've got since mr. potato and 52 to license. >> yep yep yep. >> so our licensing business. >> is. >> up 60%. it's basically. a pure profit business for us. >> we're the. >> number one licensor in digital entertainment. we're the number three. >> in. >> the overall entertainment industry. and it's a great way for us to. >> scale our business. >> we've got. >> over 1000 license partners, 4000 plus collaborations, and we have over $4 billion of committed capital from our licensing partners to build out our brands in theme parks, blockbuster movies, tv shows, video games, you. >> name it. >> see, i think there was a time

when people would say, oh my, they must really be hurting from the tariffs and sourcing. the model you just outlined is almost as if you anticipated these kinds of things, because this is really somewhat, if not all, immune to what we've been talking about on tv today. >> definitely. i think it gives us a lot of diversification. our games business basically is not exposed to tariffs. and certainly as we digitize, it's. >> not exposed. our licensing. >> business has some exposure, but most of that is fairly predictable. minimum guarantees. our toy business does have exposure to tariffs, but we produce in over eight countries around the world, and we have a fair amount of flexibility and agility to be able to push things where we. >> need. it to. >> it seems to me that far more important might be your fantasy cards. this this schedule up of what you've got because you have a great line of sight to what you're up to for the rest of the year. >> oh yeah, magic the gathering is a real success story for the company. when i started back in 2016, it was about $350 million per year. now it's going to be more like 1.1 to $1.2 billion.

again at 4,243% operating profit. so pretty good. and we have a new collaboration that we call universes beyond, where basically magic is the only trading card game in the industry that opens up its play platform to great outside licenses. we started with lord of the rings a couple years ago. this year we're going to have final fantasy, we're going to have spider-man, and we're going to have avatar the last airbender. so it should be a heck of a year for magic. >> i think you do well for your partners, because they seem to be lining up to be able to do business this way. >> oh indeed. >> yeah. >> that's why we have 1000 plus now. >> there's something else i had always said, you know, they'll come an age where people don't want to play monopoly, so they do a couple of special monopolies, whatever combination with nerf, whatever. i like this, this joint venture. but aging up is something that i never thought i'd see a toy company do. hence why i was saying ip. tell me about the process of aging up. >> well. >> i think it's where the growth has been in toys over the last decade and will be for the next

several decades. you know, hasbro is unique, i think, amongst toy companies in that over. >> 60% of our revenue is from consumers. 13 plus. we have brands like board games like monopoly, magic the gathering, d&d collectibles like star wars and marvel and transformers that appeal to broad age ranges. so really, when we think about our kids business, it's really about a first handshake that lasts a lifetime from 2 to 102. >> it sure does. >> now we're looking at something i would have thought was a little antithetical. i always felt that it was a claymation death match, so to speak, using clay between you two, between mattel and you. i guess anything can happen in this toy industry. >> oh for sure. i mean, i think we think about toys and we think about our brands as let's partner with the best in the business, let's expand categories. and with companies that we don't really do a lot in. and likewise, let's open up categories that we're world class and like with play-doh to best in class partners like barbie. and you know, we thought up of plato. plato fashion as a

great new play experience. and i think we turbocharge it with an iconic play brand like barbie. >> oh, totally. now i want people to understand you. you came in and you decided to a ceo. no sacred cows. if something is losing a lot of money, you can't play to win and do that. hence a change in your tv approach. >> yeah, yeah. so in 2020 we acquired e1, which was a film and tv business and a theatrical distribution business. that acquisition wasn't penciling out. we weren't getting the scale we wanted, we weren't getting the branded content we needed. and so we made the difficult decision to part ways with it. and it's worked out really well for us. you know, year over year, our content budgets are down 95%, but our overall amount of branded content and production is up 15%. so that's a good deal to me. >> that's the way to do it. now, one last question. my family loves monopoly. should we get a monopoly go. >> well, you all can have it on

your cell phones and you all can play with each other. but what i would recommend for you guys, it's not. it's monopolies 90th anniversary this year. and we have new expansion packs like buy everything or go to jail. it speeds up the game play to 20 to 30 minutes and creates all new combinations for you guys to, you know, have a little bit of fun. kramer family competition and maybe a board flip at the end. >> well. >> i have to tell you that that has been my reputation. i have board flipped, but always because the other people had it coming. yeah, think of that. >> i agree. >> well, i want to congratulate you, chris cox, because you have done a remarkable job with hasbro, and it's quite exciting to see the change because everybody wants you to win. >> yes, playing to win. that's what it's all about. thank you. >> that's chris cox, ceo of hasbro. mad money back after. >> the break. >> and coming up, investors striking a blow to crowdstrike after disappointing guidance overshadowed its earnings beat. kramer's looking closer at the quarter with the ceo next.

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what the heck happened to the stock of crowdstrike today? it's the best of breed cybersecurity outfit. the stock plunged over 6% at one point. it was down 8% in response to last night's earnings report. okay. crowdstrike delivered a nice top and bottom line beat, but they also gave softer than expected earnings guidance for both the current quarter and the full year. now we're talking about a big hit versus what wall street was looking for. got to be sure if that's the case though. plus this stock had run up 94% from its august lows through last night. so you could argue it's priced for perfection. no wonder it pulled back 6%. so is this a chance to buy a great company on the cheap, or do we need to be worried about that forecast? let's take a closer look with george kurtz. he's the founder

and ceo of crowdstrike to find out what the heck is going on. mr. kurtz, welcome back to mad money. >> great to be. >> here, jim. >> okay, so, george, first i'm congratulating you because i'll tell you why you turned in a record full year operating income, net income, and reached $1 billion in free cash flow for the first time in a fiscal year. this tells me that your business is darn healthy. how are you able to turn a record year despite the bumps along the way, including one that we know that was a glitch that really hurt the company? >> well, jim, as we've talked about, we spent a lot of time with our customers around the world making sure that they were taken. >> care of. >> and it paid off. >> part of. >> our approach was our. >> customer commitment packages. >> where we actually. >> worked with impacted. customers and showed them our commitment to them. and what it turned out was they actually bought more as we delivered these packages. and that. >> also showed up. >> in our flex licensing. this is one of the things that you and i spent some time on. the ability to take. a flex deal, which is a new licensing model, and upsize what would have been

a much smaller. >> deal, you know. >> by orders of magnitude, has resulted in fantastic results for the quarter and the year, despite a lot of challenging headwinds. and if you look at what we delivered this quarter, $32 million are beat over consensus. given still, the challenges. >> that. >> we had to go through, i. >> think was fantastic. >> repeatedly in the conference call, the consumer commitment package that you're dropping because why give the stuff away? what suggested to people that things are still not good, that some of these contracts are going to go away? you just basically told me that this actually it's very good. and yet the analysts, many of them didn't buy it. george. >> yeah. well, i. >> think what's. important to. >> realize is that the. >> customer commitment packages were designed to burn. off at the back half of the year. so what that means is. we could seed the platform modules with our customers now knowing that those dollars that we're giving them, essentially, we're giving them dollars in a pool that they can use for modules will

essentially be used by the time we get to the back half of the year. and that's why we're confident in the re-acceleration of net new rr. so from our standpoint, we're able to seed great products and we know they're extremely sticky. and customers are going to most likely 95% or more chance they're going to renew, which i think is a. >> good thing. >> i want to make it clear where i come out on this, because this question is going to make you think that i am not positive. we bought stock today for the trust. why do we do that? because we think there's going to be accelerated second half. my view tended to be what i would say viewed with skepticism by the call. so i'm going to read the summary of what i thought a lot of the analysts who didn't take to the stock said analysts saying near-term free cash flow uncertainty, huge, huge slowing in rr, worse than expected operating income, got guidance that was much lower than what people expected. i these are the bill of particulars, george, that i read through that were that chilled me, that chilled me. and yet even when there wasn't a single one of those questions, it

wasn't paired correctly. i want you to pair them here. >> well, let's start. >> at the top line again. we had a big beat in net new irr. when we talk about the growth for next year we're still 20% growth overall at scale. and we're still dealing with some of the, you know, the headwinds in the first part of the year. you look at our free cash flow guidance. you know we're exiting the year at 27%. we haven't changed our long term models of 10 billion. so when you put all those together and you look at the health of the business, one of the metrics, jim, that we gave out for the first time is our total contract value, $6 billion in a year, which is phenomenal at a 40% growth rate. what does that mean. it means that the flex licensing is working. and we have visibility into the back half of the year where we'll see that acceleration. by the way, look at some of the new products, the newer products in the category, the three that we talked about, identity cloud and next gen sim. up 50% to 1.3

billion. so that's what gives me confidence in the back half of the year. >> now let's talk about demand. there are a lot of people who didn't on the call. and i'm sorry to reference the call so much, but it was very i didn't like the way the call went. it just didn't seem right to me. we've got nation state threats. that should have been, i think, the focus of the call. i want to know how in danger we are, how in danger companies are, and how ridiculous it is to think that maybe if we even have some sort of peace with russia. believe me, that's not going to stop things. >> jim. >> here's what you have to keep in mind whenever there's geopolitical tensions. and i would argue there's a lot of them right now, this actually drives more activity in the threat environment. adversaries get more active, nation state adversaries get more active. and certainly in the confusion of that, you have the criminals that come out. so the environment is only going to get worse. we talked about this in our annual threat report. some of the breakout times that we're seeing are 51 seconds, meaning someone gets on a system and in 51 seconds they can break out and move somewhere else in your

network. we haven't seen that speed in the past, so i think it's only going to get worse from a threat perspective. and when we look at where we are today, it means that security is going to be even more important, particularly to governments around the world. and crowdstrike can be a big beneficiary of that. >> okay. so let's say north korean agent, i decide, you know what? i'm going to pose as a bad guy. i mean, it's like the manchurian candidate. can i get in? can i just, you know, with a with remote work? can i get in, burrow in, find out everything i need and steal everything? >> absolutely. >> this is something that we talked about. we actually found this out and wrote a paper about this really? before anyone was talking about it. and that was the north koreans were actually applying for jobs at companies that, you know, you interview them all the time around the globe and basically getting their operatives hired as remote workers. and in this remote work environment, sometimes they never show up to work. they people don't see them on zoom. and as soon as you ship them a

laptop, they turn around and they ship it to a laptop farm, where it's then controlled by operatives in north korea. we identified this using our ai technology called signal well over a year ago, and we went out to many customers and we said, we think there's a problem that you've hired a north korean. and you know what? we were right. and our customers remembered that. and ceo after ceo that i meet thanked me, had one, thanked me over the weekend for being able to do that. the only company that was able to do that for them. >> all right. well, george, i mean, to me it seems like another problem that i'm really worried about, everyone's so excited about is they're all excited about these agents. they think it's all great. i think they're easy to crack. i think you could easily get into one of these agents could really wreck everything. people are very glib about it. what are you doing about it? >> jim, you have to look at where we are in this journey and where we are from, a security and a technology cycle. you know, just go back in time a little bit. you had mainframes, you had pcs, you had client server, you had mobile, you had cloud. now you have agentic ai,

right? each one of those, those seismic movements require new security. and there's going to be a whole wave of new security technologies coming out, some of which crowdstrike are pioneering, and there's going to be a new wave of buying and securing everything from gathering the data to training the data, to doing the inference to actually building the agentic ai agents and delivering the workflows. that's all going to have to be secured and controlled, and that will be another wave of growth for the entire security industry, including crowdstrike. >> analysts looking at crowdstrike now versus what it might be able to produce for companies a year from now. >> well, again, coming out of the incident, you know, we talked about some of the headwinds. i think we've made tremendous progress just in six months. and we talked about the visibility as we get to the back half of the year. so i feel really good about the business. i look at the interactions i have with customers, i look at the products that they're buying. i look at the demand environment, i look at the threat environment and put all that together, and i'm encouraged. i'm probably more

excited than i have now ever been because the demand is there and you see a lot of these legacy technologies and a lot of companies that have been bought and sold, and we're in the perfect spot to continue our march towards 10 billion. >> let's leave it right there. i think that that is the correct view. obviously, it's georgia view. it's also my view as we look at told all club members, the charitable trust, cbc investing club. this is the right version of what's happening. that's your founder and ceo of crowdstrike. this man has never, ever been wrong when it's come on the show there. that's how i feel about it. mad money is back after the break. thank you george. >> coming up cramer takes your calls and the sky's the limit. it's a fast fire lightning round. next. >> april 8th. join the cnbc changemaker. summit featuring powerful women transforming and redefining leadership. >> in the world of business. >> request an invite at cnbc. >> changemakers.

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brilliantly. >> it is time. on the course question. we play this. out and then the lightning round is over. are you ready, ski daddy? time for the lightning round. cramer's mad money. >> all right. >> let's start with sam in pennsylvania, please. sam. >> jim. >> how. >> are you? >> i'm good. jim, how about you? >> i'm good. >> you know, i. >> got a question. >> about the. >> world's largest lithium producer, albemarle. >> specifically. >> the fact. >> that they have so much of. >> their production here in the united states with. >> all. >> the tariff talk. >> curious what. >> you think. >> about a cyclical. >> recovery in commodities. >> specifically albemarle. >> in the united states. >> i can't go there, i can't go, i'll tell you why i can't go there, because in the end, we forgot about evs. i mean, like,

you know, we like pretty soon we're going to be, like, buying gas guzzlers. i want to stay away from that one. but so does everybody else. that's the only problem. let's go to tom in michigan. tom. >> cramer. >> tom. tom. >> calling from. >> centerville. >> the. >> center of. >> amish country. >> where i. >> listen to you every morning. every night religiously. when you're. not there on the weekends, you're just. >> i just not having. >> a good day. >> it's tragic. it's tragic. i get that other people feel that that way. like my late mom, that's really about it. and that was about 45 years ago. that's the last person who missed me. go ahead. it's all right. it's okay. >> that's a really. >> specific question on rtx. you taught me to do my homework. you taught me to buy a little at a time. but i'm really a novice. >> at. >> reading charts. i look at the chart, it looks like. >> a giant piece. >> you're hardly a novice. tom is a he's a savant. you were buying it, right? keep it. it's

a fantastic stock. i wish i own it for my charitable trust. i say you are dynamite. let's go to michael in pennsylvania. michael. >> hey professor cramer. >> booyah. >> thank you for tenure. what's going on? >> a newborn recently told me about a stock that has the largest market share in hospitality, sports and entertainment and in second in restaurants. he also said they're growing faster and more profitably than any of their peers. best yet, he said, they trade at a discount compared to those peers. junior and i would love to hear your thoughts. >> on the. >> payment processor shift. >> for jay. you know, people didn't like that last quarter. i agree with you. i think it's a remarkable company. it's just that the payment space is very crowded. go ask paypal. so what you're what you're hoping for is that the payment space gets less crowded and less crowded. i don't know if it can do that. so it's a tough space. let's go to rick in. oh, no. i think we may have to stop. darn it. and i was just getting a rhythm, you know,

that i was just getting people to. boy, they hate it when i'm doing this. they just say, go to the wall. point to that and then end it. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. coming up, the ceos of flutter, royal caribbean and enbridge walk into mad money and talk about tariffs. it's not the setup for a punchline. cramer is revealing what he learned from the execs next. >> trading at schwab is now powered. >> by ameritrade. >> unlocking the power of thinkorswim the award winning trading platforms. bring your trades into focus on thinkorswim desktop. >> with robust. >> charting and analysis. >> tools. >> including over 400 technical studies. tailor the platforms to your unique needs with nearly. >> endless customization and track market trends with up to the minute. >> news and insights.

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to buy, when to sell. consistent to buy, when to sell. consistent i guess what i'm looking for from you is, i mean, i know how the fire affected me, and there's always a constant fear that who's to say something like that won't happen again? that's fair. we committed to underground, 10,000 miles of electric line. you look back at where we were 10 years ago and we are in a completely different place today, and it's because of how we need to care for our communities and our customers. i hope that's true. [joe] that's my commitment.

[ambient noise] seven. call eight seven, seven. cash. now to get a $100 gift card for a free quote. >> this show inspired. >> me to pursue entrepreneurship. >> i decided. >> that entrepreneurship should be the route for me. >> the sky is the limit. >> we got a deal. >> shark tank coming up next. cnbc. >> we love teaching club. >> members how to manage. >> their own portfolios. >> i don't. >> have. >> the time. >> to do this full time. >> for the value that we get. >> the investment club is. >> very much. >> worth it. >> get invested. join the club today. go to cnbc.com. jim. >> all right listen to me. you need to pay attention to everything and everyone. if you want to make some money in this exceedingly tricky market. take our guests yesterday. we just so happen to have the ceos of three companies that have a leg up on tariffs and the ensuing turmoil that controls this tape. it's not shocking, but only if you step. stop with the hysteria already about what the president

is doing to the stock market. let me walk you through the particulars of this amazing toy company. first, let's consider peter jackson, ceo of flutter entertainment. this company of fanduel, this game concern has no interaction with anything the president may be up to. it's lever to a powerful secular trend that transcends the day to day headlines of gaming. if a state happens to be hard pressed for cash, gambling can be a terrific way to close a budget gap. remember, flutter really doesn't want to do anything but attract gamblers, and it lures them in by offering the most fun single game parlays. it's a tremendous business model, found only by peter's and his team's bold creative imagination. their international business is a great hedge to the us book. second, there's jason liberty, ceo of royal caribbean. there's this ridiculous belief that if the economy is slowing, the cruise lines will suffer. historically, that's rarely how it plays out. when the economy gets tough, people still want to take vacations. they just become more value conscious. and nothing is more of a bargain than a cruise. they got a lot of data to prove that. plus royal caribbean no tariff exposure. now we could maybe get a story or two about how the trump administration might try to levy a tax on the cruise lines that

don't pay any american taxes. they're not domiciled here. they're flagged in other places. but the key metric for the industry isn't that it's about new ships. right now, cruise ships are being made. we usually want to sell the stocks when there's a flood of excess supply. they can't make these boats fast enough. when they built too many ships, that's when the stocks become very tough to own. worth the opposite moment right now. way too few ships. plus, let's not forget coming out of covid, we had all sorts of post-pandemic bull markets. almost all of them have faded except for travel, because we've taken a page from the shawshank redemption. get busy living or get busy dying. royal caribbean surfing that tremendous way. finally, let's talk about the idea of all enbridge, the diversified canadian energy company. one of the largest pipeline operators in north america. i figured that with all the presidents talking about canada, no one would want to hear a story about a canadian pipeline company that transports 3 million barrels of oil across the border. major reason why north america is energy

self-sufficient. thanks to the trade war with canada, enbridge now sports an outsized 6.3% yield. even though it's a dividend aristocrat. it's raised its payout for 30 years. ceo greg ebel hit it out of the park last night. he said that enbridge is a huge beneficiary of trump's oil and gas deregulation that won't be hit by tariffs because they only transport oil, they don't produce it or market it to the consumer. keep in mind the vast bulk of oil is landlocked. canada can only send it to the united states, and it has to use enbridge's pipes. somebody needs to eat the cost of the 10% tariff on canadian energy, but it's not going to be enbridge. look, it's a terrific story, especially if you're looking for income. now, why bother to do this? because there's a growing perception that nothing is safe to buy here. we do have a walmart white house where the president seems to want every day lower prices for stocks. but flutter, royal caribbean and enbridge proved that to be a lie. there are so many others out there. do not give up on stocks, just hold off on the ones that are truly in the crosshairs. plus, when the white house is this unpredictable, you get positive developments too. just look at how the averages were when trump gave the

automakers a one month reprieve on new tariffs. i can't tell you to relax. i don't do that. i can tell you to be more constructive than the people i hear screaming all over the place every single darn day. i like to say there's always a bull market somewhere just for you right here on mad money, i'm jim cramer. see you money, i'm jim cramer. see you some of the world's most successful consumer products, joins the tank. i'm looking on "shark tank" for the next billion-dollar exit. you think that you can put the fear of god in elon musk? yes, i think we have the potential to do that. and we have the sales to prove it. i wouldn't play with fire. we've got battle-tested ip. -why do i not like it? -because you're not a millennial. oh! whoa! ♪♪ narrator: first into the tank is an accessory for the tech generation. ♪♪