>> okay. >> not. >> too. >> far from me. >> melms what. >> is that? >> do you have a trade? >> why are you looking behind you? >> general motors. >> was up today. >> gm thank you for watching fast money. see you back here tomorrow. 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. jeez. i'm just trying to save your money. my job is to put everything in context. and i'm going to do it today. and i'm going to do it for you. call me at one 800 743 cnbc or tweet me jimcramer. but they wipe out these gains pretty easily don't they. just like that the sellers take away months if not years of profits because they want to get ahead of a potential recession.

and then they swap into the safety stocks that thrive in a slowdown. welcome to the world of recession preparation where it doesn't matter what prices you get on the sales or the buys, as long as they get done. which explains today's terrific action. dow tumbling 8 or 9 points, s&p plunging 2.69% and the nasdaq plummeting 4.0%. not only was this the worst day for the nasdaq in two and a half years, the magnificent seven shed an astounding 5%. we're getting rid of the name magnificent seven tonight. it doesn't make any sense at all. okay. none. some of the money taken from these long standing winners went into the health cares and oils, especially the ones with higher yields. buying health care stocks makes sense. their slow down plays. oils don't make a lot of sense. even the ones with high yield, high dividends. 3% ain't going to protect you in this one, believe me. and there is justification for the buy safety sell discretionary stocks tonight. delta stock was just absolutely obliterated when the company announced a hideous shortfall, citing weakness in both business and consumer. >> boy. >> what a dog. so what the heck is going on here? we don't want

to be hysterical though. we want to be hysterical historical. and we want to be together. first, the whole market has changed because the president has changed. trump won, favored the stock market, and hated to see the dow jones industrial average down. trump two favors rebuilding a market, the hands of our greedy trading partners by slapping their exports with big tariffs. by the way, remember, i agree with the greeting. i'm not against what he's doing. i'm against the way he's doing it. we know that president trump claims to admire president mckinley. he restored the name of our highest peak from its native name, denali, to mount mckinley, in honor of the 25th president. quite a significant switch from when president obama in 2015 scrapped mckinley and restored it to denali. like most everything else that we thought president trump stood for, mckinley represented the banks and the business interests of the time. that's turning out to be. first, president trump, though not the second. it was william jennings bryan, the loser in the 1896 race who was the populist. and he sounds a lot more like trump. i trump to his william jennings bryan. he named mckinley. bryan ran on the democratic populist party ticket. he stood for

helping working people against the big moneyed interests. his followers wanted easy money, which at the time meant using silver coins as well as gold. but here's the thing trump won was very much in the vein of mckinley. and there's wall street. liked that. trump, too, is much more william jennings bryan, and wall street doesn't like that. you can almost hear from borrowing lines. he's like borrowing lines from bryan's famous cross of gold speech. the most emotional speech about monetary policy in human history. trump, too, frankly, is killing the market simply by saying that he's not paying any attention to it. he said this weekend, it's not a focus, after all. like biden, trump seems to accept that stockholders usually usually are wealthy people and that they've done well enough. it's time for the other 99% to do better. i don't know. that's what it feels like. amazingly, that he and biden finally agree on something. stock market does matter. now let's get serious. i've been saying for weeks that we have a walmart white house where the president favors everyday lower prices for stocks. weeks. i've said that he's giving nothing, literally nothing to stockholders. today, everyone seemed to discover what i've been saying every night here, the everyday lower price tag line is totally true. it's not meant to be funny. the thing

is, we like it. the supermarket. we like the lower prices. we're not so fond of it here, right? i mean, we like this part and we don't like this part. pretty simple. this good, this bad. how long can this stuff go on? i don't know. william jennings bryan stayed that way until he died. but then again, he never won the presidency. i don't think that trump will start going easier on our trading partners just because the dow has been eviscerated. he's not sacrificing our trade policy on a cross of gold, meaning of course, higher stock prices. of course, not many investors saw this coming. and that's incredible to me. and the shock from trump's change in attitude has terrified the moneymen, the big moneymen the ones that william jennings bryan attacked. virtually overnight, they've decided that we're headed for a recession and it's going to happen fast. the thesis we're a consumer country. they think the consumer is finished because of turmoil created by the walmart white house. at the same time, the big themes of tech, the data center build out and i seem suddenly cursed victims with that chinese outfit, deep sea, that has figured out a way to get more computing power from less hardware. buyers of nvidia expensive chips, by the way, nvidia now trades like a meme

stock. let me just tell it. it's a meme. that's why it's getting crushed. let's stop fooling around. it's a meme stock. hey, maybe the strong orders we saw from oracle tonight can turn things around. but then again, the delta shortfall sure does upset that. will we really have a recession? the economy does seem to be in a sudden, precipitous decline. we know that the president, who loves tariffs, is now threatening to put tariffs on our trading adversaries that are as high or higher than the fabled smoot-hawley tariff act of 1930. yeah, the one that helped caused the great depression. the sellers are not oblivious to history, even if the white house is as they see it. trump's mimicking the legendary president herbert hoover, who, despite endless diatribes by economists saying smoot-hawley could destroy the economy, champion and sign the bill in the name of, yes, the working man, especially the farmers. exports dropped 60% and we went into the worst depression in our nation's history. hoover regretted it, said that they should be repealed in 1932. way too late. i think the comparison is excessive, but you never want to be in the same sentence as herbert hoover. should you join the sellers? i think today's sellers are getting getting late, but not too late to the party. first, they got terrible prices as they sold frantically

to get out before the others, although the others may not appear to be because things are already pretty ugly. second, they totally got ripped off on their buys, which could have been done in a much lower levels if they didn't demand the brokers buy the recession proof stocks lickety split. our markets are deep, but they're not so deep that they can handle such concentrated buying and selling. perhaps tomorrow we'll get another day like today, or worse, which is what these sellers must be thinking. or they wouldn't be dumping so vociferously. maybe they know that the president is going to slap tariffs on western europe, japan and korean automakers. i'm waiting for that, aren't you? i suppose the trade barriers from those guys are awful. maybe he attacks the new canadian leader, mark carney. great guy, smart guy. but right now, on the wrong side of the trade. or maybe, just maybe, they know that trump will defend the farmers against the chinese. i can hear him say the words already. president trump here, just write this down. burn down your cities and leave our farms, and your cities will spring up again as if by magic. but destroy our farms, and the grass will grow in the streets of every city in the country. oops, that's the william jennings bryan cross of gold speech. sorry. i think people are forgetting two things. one is that interest rates are going lower, which is

good news. two is that we have a federal reserve chairman who's a student of history. he knows both william jennings bryan, herbert hoover better. he knows the cross of gold speech by heart. i used to have it memorized. he knows smoot-hawley and he knows that we could be in trouble. can jay powell trump, trump? i've been waiting to use that line for years. i say it'll be the other way around. get ready for trump to attack powell for doing something, anything. i don't know. it doesn't have to be accurate. powell can lower rates anyway. so the answer is that after delta news is digested tomorrow and all the travel and leisure numbers are cut, it might be too late to sell. you can buy some low multiple techs and industrials and banks here. we did that for the travel trust today right into the teeth of the sell off. i'm going to talk about it on our thursday noon club call. i think you want to be in i would not jump back into the magnificent seven because as of tonight there is no magic. seven came up with that name scrapping it right now, no moniker fits the 2 or 3 that remain viable, and i'm not going to put it. and there's nothing magnificent about tesla or nvidia. i don't know if the recession can keep buying smucker and colgate. they're not even doing well. can they keep selling marvell tech? i don't know, it's a nightmare.

okay. but the bottom line remember, this whole situation is manufactured by the walmart white house because almost every other market around the globe is crushing ours. they're all doing better than we are. i don't know who's advising the president. i know what he is doing is important work. and i am no free trader. i am not even a fair trader. i'm a tariff guy. but i think you can kill more flies with honey right now. and certainly more than nuclear weapons. now the president can roll them back if he wants to, but he generally believes his tariffs are the right thing to do, which is why they'll probably keep coming with no finesse whatsoever, just brute force, which i have to tell you, including you, mr. president. there are other ways and better ways to get things done. let's go to lauren in wisconsin. lauren. >> hi, jim. >> thanks for taking my call and thanks for. >> all your help along the way. >> my question is we're in this together. this is a very tough time. yeah. go ahead. i'm sorry. i didn't mean that. go ahead. >> oh, sure. with automation, just in passing. >> honeywell is considering. >> being divided up into. three

companies. >> and i'm interested. >> in the. growth part of it. >> and i. >> wondered what your insight was on which part of that company would best be suited for growth. >> okay. my boss owns it. we have a lot of it. honeywell. the growth part is aerospace. nobody wants boeing. they'll be buying honeywell just like they bought ge aerospace. i will say this, i like the chemicals. business is not a growth business, but it's better than the typical chemical company. so that's going to make people like it. the automation business work in progress okay. let's go to sue in north carolina. >> sue hey. >> mr. cramer. yes, sir. what's up. >> so every day in. >> 20 years. >> oh thank you i appreciate that. thank you. >> what's going. >> on with the stock reddit. >> it's been done okay. so there was a big short squeeze. let me explain this. first of all, i think the company is doing incredibly well. okay. it didn't do as well as what people thought because the stock had gone up so much. people were expecting something perfect. second, there was a gigantic

short squeeze. people were betting against it, betting it wouldn't be a good quarter and it didn't come out perfect. quarter third. i think that steve huffman is doing a great job, and i would start right here, right here. let's say you want to buy 100 shares by 25. that's what we're doing. by the way guys. we're not buying 100 shares all at once. we're buying 25 2525 okay. we're buying down. that's what you do. leave room. okay. leave room. look, the white house can roll back these tariffs if they wanted to, but right now they're more intent on rolling back the prices of stocks. by tonight, i'm kicking off a series dedicated to finding opportunities to sell a first after costco's strong quarter. i'm shopping for the reasons behind the wholesale chain's pullback and can, on holding and decker stay on track despite these market headwinds. i'm running through the pair's latest numbers, and later on, i'm checking in on crowdstrike to get a better sense of the cyber stock's road ahead. now that it's been absolutely crushed, spindle and mutilated. 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 cnbc. miss something. head to madmoney.cnbc.com. frank holland (♪♪) at enterprise mobility, our experts always see another road. because when there's no limit to how far mobility can go, there's no limit to how far businesses can go. (♪♪) your shipping manager left to "find themself." leaving you lost. you need to hire. i need indeed. indeed you do. sponsored jobs on indeed are two and a half times faster to first hire. visit indeed.com/hire

on options. >> versus stocks, you'll realize. that in. >> today's market, buying and holding stocks alone. >> is not an option. >> the simple, beginner friendly options strategies you'll learn in our new book could take your investing returns to a whole new level, and today we'll give you a copy. >> for free. >> get your free copy while they last at. >> it's not an option.com. >> it's not an option. >> .com meat. >> avocados. >> best selling green. >> mattress made with certified organic cotton, wool and latex, plus ergonomic coils to support your body's natural curves for cool and restorative sleep. featuring a one year in-home sleep trial, complete your bed with organic pillows and bedding. shop today at

watch golf from the best seat in the house with xfinity. from the tee to the green,

catch every pivotal moment of the players championship in crystal clear enhanced 4k. find tee times, tour your favorite holes and see live leaderboards and scorecards. and with xfinity multiview, never miss a moment. watch up to 4 live events at once. brought to you by comcast business, proud partner of the players. just say “the players championship” into your xfinity voice remote. omni luxe ledcom. >> after another hideous day in the wake of last week's shellacking, it's official we've got a real selloff on our hands thanks to softer economic data, the chaotic rollout of president trump's trade agenda. stocks are coming down across the board, so what are we supposed to do about it? first, i don't know exactly when this pullback will end. looking at the s&p short range oscillator, which i follow religiously, the market is finally getting oversold. but believe it or not, it isn't super oversold yet. so the

backdrop is really ugly. here's what i can tell you. for much of the past two years, as the market turned higher, it often felt like you never got a chance to buy the best stocks on weakness. now you're getting that opportunity because the sell off has been indiscriminate. really incredibly indiscriminate. taking down the good with the bad. with the exception of johnson and johnson, a couple of hospital chains and utilities. and i don't dismiss the landmines. just tonight, we heard from delta that both corporate and consumer customers are weak and it can't come anywhere near the estimates. the analysts were looking for real big negative for tomorrow. that's why all this week, though, i want to highlight some of these terrific babies that have been thrown out with the bathwater, starting right now with one of my absolute favorites that i think you can buy on the way down. in other words, i didn't say it's bottom buy on the way down and the stock is costco. now here's a stock that fell 6% on friday in response to what i thought was a real solid quarter. at these levels, it's down more than 13% from its all time highs set a few weeks ago. you usually don't get it that low. my book isn't. costco is real simple. this is a stock that regularly sells off in good quarters, which happened right. the quarter they reported

last thursday was just fine. you have to buy it into weakness afterwards because historically it almost always bounces back. almost. i know that may not be enough for you. it's enough for me to start. sure. costco reported a revenue beat paired with an earnings miss, but when you drill down, there was a lot to like here. they had 6.8% same store sales growth for the reported quarter. wall street was only looking for 6.4. like many other retailers, february was worse than january, but only by a percentage point. that's much better. now, about those pesky missed lines. costco's operating margin came in a tad light. earnings of $4.02 came in $0.09 short of what the analysts were expecting, but there were so many extenuating circumstances. i mean, it's crazy to regard it as a miss. first, costco said adverse currency fluctuations caused a 13 cent hit to the earnings. they've done a lot of work opening stores overseas. that accounts for the entirety of the shortfall. second, looking at the year over year comparisons, last year the company got a 20 $0.01 one time tax benefit related to a special dividend. when you back out that the earnings would have been up 8.4% year over year. so i completely dismiss the so-called miss. so

hopefully you feel a bit more comfortable with the seemingly mixed headline numbers after hearing the full context. but i always tell you that the best information comes from the conference call, and that was certainly true for this time. costco really, people bothered to listen to management. i get that they really haven't. rather than selling the stock immediately because of a single headline number in a very nervous market. here's what they would have heard. they would have heard incredibly positive things. remember, one of the big market wide worries right now is that consumer confidence is plummeting. that's why the consumer discretionary sector has been leading the way lower these past few weeks. that's what delta cited this too. and the consumer discretionary select sector spdr fund, the xle is now up almost 18% from its mid-december highs. and many previously hot groups like travel and the retailers are really getting hit hard. but when costco management talked about the behavior of their shoppers last thursday, they pretty much all positive things to say. cfo gary millerchip saying, we're not really seeing any change in what we've seen around our members over the last really a few quarters. not bad.

millerchip went on to explain that costco shoppers are, quote, still showing that willingness to spend, but they're being very choiceful where they spend their spending their dollars. end quote i don't like that word choiceful. that's something, by the way, that i don't think the former cfo, richard galanti, would ever say, but whatever. there's no accounting for taste. management expects that to continue. and millerchip even said that consumers might, quote, even become more choiceful as the impact of some return of inflation, the potential of impact of tariffs could flow through as well. end quote. he also mentioned that costco members continue to spend, quote, a little more on food at home versus food away from home. overall, end quote. now, that may not sound all that encouraging, but when the consumer gets picky about value, well, that benefits costco because this company offers the best value in the industry. if people buy more of their cheap kirkland signature house brand, they make more money because the margins on private label products are huge. same goes for food at home versus food away from home. good for costco. plus, even in non-food categories, costco is still generally doing very well. sure, some categories are just okay, like consumer electronics or

apparel, which millerchip described as flatter. but overall, costco is winning here by focusing on a strategy of, quote, bringing in great items at great quality and great value, end quote. and by offering newness with things like gold, you can't even. it's so popular to buy the gold we buy. everybody tries to buy it. it just goes in and out like that. large electronics, like gigantic tvs and even quirky big ticket items like stern pinball machines, all of which did really well this quarter. overall, costco's non-food category actually led the way this quarter. management said non-food same store sales growth was in the mid-teens. not bad for a tough discretionary spending environment. of course, there's another big concern about all retailers here the tariffs. but i was encouraged by what management had to say on that front, too. first, ceo ron vercruysse disclosed, quote, about a third of our sales in the us are imported from other countries, and less than half of those are items coming from china, mexico and canada. end quote. that puts a fence around the company's exposure to tariffs, and it's not terrible. more importantly, the actress explained that with costco's quote, treasure hunt, end quote shopping experience, the company

can be flexible with its assortment and, if necessary, replace heavily tariffed items with something similar that is much less tariff exposure. management also stressed its extremely close relationship with suppliers to the costco relationship matters a great deal, meaning their suppliers are more likely to eat the cost of their tariffs themselves in order to maintain the business with costco. in the end, i think costco is starting. it's really getting hit simply because it's a high multiple stock and it's suddenly very risk averse market that sells down the high multiple stocks. and then what had been a very tame drawdown accelerated last friday after the company turned in, a result that featured an earnings miss, even if the quarter was pretty strong when you check under the hood. honestly, i feel much better about the costco story after what we heard last week. not worse. which is why i'd like to start looking at the more than 13% pullback as a buying opportunity, because cost is still a high multiple stock trading at north of 50 times this year's earnings estimates, the stock could keep trading poorly as long as the market's nervous. and in sell off mode. we own a ton for this charitable trust. we have no interest in selling whatsoever. we're looking to buy. it's well above

our basis. there will come a time i'm going to talk about it in our thursday meeting. that's a noon meeting. but the bottom line, with a strong quarter in our pocket and such positive commentary from management on some of the biggest risks at the moment, i'm looking to buy more costco shares and any additional weakness. this has always been one that bottoms very quickly not run from a stock that's been such a huge long term winner with the charitable trust. mad money's back after the break. >> coming up as the market sell off continues, is it time to run and buy shoe names like deckers? and on holding cramer is giving you his take next. on cnbc live. ambitiously, don't miss a members only event. >> we make sure that club members get the access they need to make more informed decisions. >> join the cnbc investing club to access gyms monthly meeting. go to cnbc.com slash monthly meeting tomorrow. delaware governor matt meyer the strategy

to keep delaware america's incorporation king. plus, how changes in washington are impacting his state. stay ahead of the market. squawk box tomorrow, 6 a.m. eastern. cnbc. what's the. >> worst phone. >> call an exec can get? >> bleach. what? >> scott harris. >> right now we are completely offline and there is. >> a. >> ransom alert. >> so how are you going to recover. >> from that? what if you could instantly. >> rewind back. >> to before. >> the attack. >> with commvault? you can do it in just minutes. >> like it. >> never happened. >> it's the. >> fastest. >> most complete. >> recovery anywhere. so you can be a. >> continuous business. small companies sometimes disrupt the pharmaceutical industry through innovation and speed. introducing khalidi biotherapeutics, ticker cl d on the nyse american, a clinical stage company pioneering a transformative approach to treating cancer. khalid's proprietary platform harnesses the body's own immune system to

target and kill cancerous tumors without harming healthy cells. khalidi is now in two phase one clinical trials in collaboration with city of hope and northwestern university. no matter why you. >> started your business. >> your goal. >> is to keep on growing. and with the help of financing. from capetus, you can meet all of your business goals. because at capetus we finance the legacy builders, the creators, the freedom chasers, the opportunity seekers. at capetus, we finance seekers. at capetus, we finance small (auctioneer) let's start the bidding at 5 million dollars. thank you, sir. (man) these people of privilege... hoarding the financial advantages for far too long. (auctioneer) 7.5 at the back. (man) look at them — unaware that robinhood gold members now enjoy the vip treatment — a 3% ira match on retirement contributions. (auctioneer) 11 million sir. (man) once they discover their privileges are no longer exclusive...

their fragile reality will plunge into disarray. ♪ blend. such a huge difference in her health. more energy, more playful. no more pooping tissues. >> i'm doctor marty. >> i've been a veterinarian. >> for. >> more than 50 years. the dangerous. >> ingredients added to many pet. >> foods could. >> be impacting your dog's lifespan. that's why i formulated nature's blend. >> now you can feed your dog wholesome cuts of real meat, vegetables and fruit with no vegetables and fruit with no artificial preservatives or only the servicenow platform connects every corner of your business, putting ai agents to work for people. like secret agents? no, more like autonomous minions that you control. to do what? well, jim's agents resolve simple customer issues. and patty's agents flag network problems. - proactively. - yup. i'm lovin' my agents. wait, you all have agents? oh yeah. and on the servicenow platform, everyone's agents work together

so everything works better. can i have agents? maybe. ♪♪ >> with the market in deep sell off mode these past couple weeks, i'm trying to be constructive about the current moment. that's the way i play it. okay. i am, as i said earlier, historical, not historical. i'm calling it bottom. no, but because i do like to start buying while stocks are falling to get the best prices, then once we get a bottom, i've got my position in. i can't tell you when the selling will end, but i can say that when everything comes down, the good and the bad, well, you tend to get some buying opportunities you might not want to join the sellers. look, being constructive has always done well for me. it's not going to change this time. that's why i'm spending all week highlighting the best bargains that have been created by this market wide meltdown. earlier, i mentioned costco, which reported quarter

that many people didn't like, but that's ridiculous. i, i know costco better than the sellers, believe me. and even though there was a lot to like under the hood, people were worried about some number that frankly, was not bad. now i've got another one. really, really like this one. spend some time with the company. just last week i got to tell you, this is a solid one. it's the swiss footwear company on holding. now, this is one of my favorite ipos for the past few years. it's a disruptor in the footwear space in particular that's displaced nike as the top brand for many consumers. stock has been a huge winner over the past two years or so, climbing from a low of 15 late 2022 to an all time high of 64 and change in january. oh, but on holding topped out after setting that high in late january and it's now pulled back to $44 and change today. opportunity. initially, there wasn't a clear catalyst for the selling, other than the fact that it's a richly valued momentum stock at a time when the markets turned against that whole group. by the time the company was set to report earnings last tuesday morning, the stock had already sunk to the high 40s. but the quarter was just it was excellent. i

went through it with the company. i really like it. 1 to 1 delivered a bottom, a big top line and a bottom line beat accelerating revenue growth. we call that arg around here and real strength. outside of north america, its gross margin expanded by 170 basis points to 62.1, beating the 61.7% number. wall street was looking for that translated into pretty substantial earnings. beat born also issued solid guidance for the year ahead. the company said to expect 27% constant currency sales growth this year, essentially in line with the consensus estimate. the margin guidance was also basically in line beyond the numbers. there was a lot to like, too. first of all, on sales through wholesale channels were more than solid, up 29.1%. the direct to consumer dtc business was truly excellent. sales up 43.4%. direct to consumer represented just over 40% of total revenues last year. what was almost half of the company's revenue in the fourth quarter, specifically with a much higher growth rate. it's looking like direct to consumer will soon surpass wholesale as the primary channel for owens products. that's a

very positive development because there are no middlemen taking a cut. when you sell your products on your own website or in company owned stores. hey, by the way, nike emphasized direct to consumer to the detriment of traditional retailers like foot locker, and it ended up being disastrous for the brick and mortar. and the dtc didn't do as well on has none of those problems. i want to make that really clear because that's a big difference between nike and one. i also thought owens management had some really thoughtful things to say about the company's brand strategy. in the conference call, they explained that the fact that they manage the on brand in three distinct ways. this was so smart. sometimes you just get blown away by how smart management saw first through premium product brands with some of their top products like the cloud monster, cloud surfer and cloud runner now becoming stronger brands in their own right. second, through strategic partnerships, whether that's the long term relationship with tennis great roger federer or more recently with zendaya, which management said has done very, very well through what they call high impact presence in global markets. end quote. i should have said, quote, meaning big swings in marketing and major global moments. and here i'm thinking about the paris

olympics, the super bowl ad featuring roger federer with elmo from sesame street. i thought it was a little goofy, frankly, but on holding seems very pleased with the results. so who am i to say that? probably right. and they did say that quote, literally put the name of our brand into everyone's mouth. and on america's most watched morning show, end quote. it's tough to argue with that. right on boasted significant growth in brand awareness last year, calling out the fact that amongst gen z consumers, in particular brand awareness in the us more than doubled in a single year. brand awareness is what you have to look at when you don't have a lot of sales yet. listen, unlike with costco, i don't feel much of a need to convince you that the quarter was a good one. i was blown away by it. that's because, at least initially, the market really liked it. last tuesday, the stock jumped 5.8% and then tacked on another 3.7% on wednesday. but the gains were short lived as the market wide sell off picked up steam into the end of last week, to the point where own holdings has now given up all of the first quarter gains and then some. the stock is now down to its lowest level since mid to late august. now, that strikes me as an

excellent candidate for buying into weakness, especially if you haven't had a chance to pick some up during the two year plus rally. now you're probably getting a sale on own holdings. i have to tell you. what are you waiting for? by the way, while we're on the subject of footwear, i think you're getting incredible bargain in deckers brands. that's the parent company of uggs and the white hot hulk of athletic shoes. i covered deckers shortly after it reported in early february. wall street didn't like that one at all. stock fell 20% in a single day for the quarter, even though deckers delivered a huge top and bottom line beat, management issued pretty weak guidance for the current quarter, in part because of some quirky inventory issues. basically, they sold too many uggs during the holidays and didn't have enough product for some top top styles entering into the new year. high quality problem i say hoka is also merely in line with expectations. the fourth quarter after surprise. on the upside, so many times in previous quarters, that was a bummer. these seem like silly reasons to sell a stock down 20% in a single session, which is what i told you a month ago. back then, i said you were getting a good buying opportunity, but you might get an even better one if you waited for the stock to keep coming down. full disclosure

deckers has been awful since then, falling lower and lower to the point where it's now down over 100 points, or more than 45%. since its last earnings report, the price earnings multiple has fallen from 30 to 20 times earnings. that seems really excessive to me, so let's consider deckers, another high quality company that may be worth buying, although i deeply prefer on okay, deeply. here's the bottom line. all throughout the week, i'm highlighting stocks that i think have been hit really hard in the sell off that you can buy into gradually. not calling the bottom. i think one holding will be a terrific stock to own, given that they just reported great quarter. as for deckers, the issue terrible guidance. a month ago the stock was destroyed. now it's come down to levels where maybe it's to simply just to sleep. two let's say annihilated to ignore. but i also again i like costco first and then i like on and then maybe maybe deckers. let's go to carmen in connecticut. carmen. >> hi, jim. >> thank you so much. >> for taking my call.

>> of course. >> i bought. >> some tapestry. stock last week. >> i knew. that in 2017. >> it was a coach brand and it had changed to tapestry, so i. >> bought some. since i bought it. >> it's really taken a hit and it's had quite a drop, and i'm not sure whether i should hold on to it or just sell it. i really don't know what to do. >> okay, carmen, i'm going to be tough on this one. my favorite retailer is ralph lauren, and that stock collapsed today. collapsed. so i don't think tapestry or pvh for that matter can possibly be better than ralph lauren. so all i can tell you is that in this market or in this tape, as we say, tapestry is going lower. i hate to always tell people that i don't like people to sell, but i got to, you know, look, this is not buy and hold here. it's buying homework. craig in california. craig. >> booyah. >> ski daddy. >> jimmy choo. >> ski able and willing to do

some chilling. >> you bet i am. i like that i'm seeing some green on the wall too. i'm just looking at the green. you'll see me tomorrow looking at it. >> ouch. >> no no no it's not so bad. it's not so bad. i got some i got pepsi up 0.69% here. hey, look at this. mondelez is up a percent. i guess they like the toblerone, buddy. toblerone? >> oh. >> my wife hits me with the toblerone when i get out of the way. when i get out of line, boom boom boom. >> hey. yeah. >> jim. >> i, i looking at. >> even. >> with the. recent pullback. >> it seems like everything's. >> a lot of stuff. >> up there near 52 week or. >> maybe all time highs. >> that's right. >> really to find a really difficult to find. >> anything viable. >> so i've been looking. >> for some. >> viable pullbacks. >> i might okay. >> one here. >> all right. >> yeah this. this stock trades. >> at a real cheap multiple about six times far. >> below its ten year average p. >> juicy. >> dividend. great recurring year over. >> year revenue growth.

>> margins are way up. net income way up. >> growing a. three year. >> revenue kegger. >> around 30%. >> despite this the stock is down about close to. >> 20% over. >> a month. >> the intrinsic value is around 106. >> i think. >> it's a. >> buy right here. >> at least. >> to 100. >> maybe you can tell me. >> what. >> you think. >> on this stock and will it. >> give me grade a. >> extra large exceptional gains? cal. maine. >> cal. maine. okay. cal. maine. all right. so cal. maine, the reason why it's going down is because people feel this shortage is going to end. when the shortage is going, then the stock is going to go lower. i totally agree with you on everything, but i do. and when i see a stock with a 4 or 5 pe, that means the numbers are going lower and therefore it's probably not as cheap as you think. and that's the way i look at cal maine. okay, now look, there's weakness all over the place right now. but i have to it's my job to be constructive, not to be hysterical. and i'm seeing some things in the

footwear space that i really like. and my favorite is on holding. i think they put together some phenomenal shoes, a great brand, and they're really coming after nike. all right, much more ahead, including my deep dive on another one that's just giving up the ghost. this is crowdstrike. i know it's a rich stock. i don't care because this is cybersecurity and this stock is just completely crushed. then after a day like today, how do you make sense of the road ahead? don't miss my look into the market's rearview mirror. and of course all your calls rapid fire and lightning now. and i got to tell you, i'm going to try to be constructive in to try to be constructive in that too. stay with cramer. comcast business helps turn the pga tour into a... ...tee shot-mashing... ...every-angle covering... ...up-to-the- millimeter-spotting... ...game-changing golf experience.

retirement plan. practice takes work. >> but it. >> doesn't have to be all on you. >> capital group. >> can. >> streamline the job with a. platform that. >> helps you. >> guide and grow. >> clients more. >> efficiently. because we know you're. >> just one person. build your retirement plan. practice with. >> capital group. >> oh. >> i hate. >> these things. >> yeah. >> sometimes you just want. >> a human. >> can we get a human over here? >> that's one of the great things about consumer cellular. they're 100% us based. >> customer service. >> is also 100% human. you don't have to. oh, you don't have to talk. >> to a bunch of robots. just humans. >> in america. >> robots are the worst. >> yeah, i think it's mad at us. >> for those 50 and up. get two unlimited lines for $30 each with consumer cellular. >> question why would. >> the former. >> head of.

>> business development. >> at merck become vice. >> chairman of analytics. >> a company currently valued. >> at $30 million? >> like him, you should meet. >> in. >> live symbol onlv on the nasdaq, and webex is a clinical. >> stage company using a. novel cell immunotherapy platform. >> to treat sepsis and osteoarthritis. >> and other. >> inflammatory diseases. both billion dollar market opportunities that could revolutionize. the way we treat revolutionize. the way we treat these d when we started feeding bogie the farmer's dog, he lost so much weight. pre-portioned packs makes it really easy to keep him lean and healthy. in the morning, he flies up the stairs and hops up on my bed. in the past, he would not have been able to do any of those things. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley. next on the red carpet we have gina costa... looking simply stunning... with this season's hottest accessory.

-[ cellphone vibrates ] -oh, what's this? she's opening her fidelity app... to buy that stock... for exactly the amount she wants... no fees or commissions... what will gina do next? gina has roller derby at 6:00 pm. i'm there. get started investing for as little as $1. talk about easier investing.

>> when the market rolls over like this, especially the nasdaq, sellers always end up throwing the proverbial baby out with the bathwater. that's why all week i'm trying to highlight my favorite stocks that you can now buy at a huge discount. not all at once. i don't say that they're not done going down. no bottom calling here, just trying to be constructive. let's talk about a stock like crowdstrike. that's the heavy hitter in the cybersecurity space. we own it for the chapel trust. at the end of the day, all the worries about president trump's chaotic trade policy or slowing economy or the possible weakness of the data center have almost nothing to do with cybersecurity. hardly a day goes by without some new data breach that cost companies a fortune, hence why they're willing to pay up for the best cybersecurity. the best cybersecurity is crowdstrike. palo alto is real good to the threat. environment isn't going to magically improve any time soon. last week, crowdstrike released its annual threat report, and as always, it was a somber read average breakout time, meaning how long it takes bad actor to move across your network was down to an all time low of 48 minutes, with the

fastest time being just 51 seconds. voice phishing scams saw an explosion 442% growth between the first and second half of 2024. state sponsored cyber operations kept ramping up their activity. crowdstrike called out china nexus activity as seeing 150% growth from the prior year, with the chinese targeting some industries even more aggressively. oh, and don't forget the russians, the iranians, the north koreans put it all together. and you can understand why crowdstrike roared to an all time high of 455 and change on february 19th, an impressive 127% run from its lows last summer. since then, though, the stock's been eviscerated. sell. >> sell, sell. >> being plunging from the low three hundreds plunging from the four hundreds 424 3140 to the low three hundreds. we have been a seller of the stock in the four hundreds for the chapel trust. today we bought back the stock we sold. now, i wasn't too surprised to see some profit taking ahead of the quarter last week, despite ceo george kurtz stellar record of beating earnings estimates. given that so many growth stocks are selling off. after crowdstrike

reported on tuesday night, the stock finished the day down 6%, but since then it's fallen an additional 15%. it's basically back to where it was trading last summer. at the close of the day, the company caused a huge network outage. i mean, that's ridiculous. didn't even lose any clients. so how much of this is crowdstrike specific and how much is the state of the market? okay, some analysts quibble with crowdstrike earnings guidance, but only that only came in weaker than expected because badger's forecasting a higher tax rate to provide consistency across reporting periods. without the change to expected taxes, the earnings guidance would have been perfectly in line with wall street's expectations. some people have gotten worried about crowdstrike margins due to the company's ai investments. however, this company already seeing a huge payoff from ai. it helps them catch hackers, and it's bringing in lots of business. when the last conference call, management called out strong ai adoption among other own employees, leading to time savings per employee of over one full workday a month, equating to more than 24,000 workweeks saved if annualized across our entire

workforce. end quote. so crowdstrike is not wasting money on ai. these are smart investments. plus, i think it's crazy to sell crowdstrike on seemingly soft guidance when these guys have a perfect knock on wood. but kind of okay, track record of beating estimates. ceo george kurtz is all about you, which is underpromise and overdeliver. so don't let all the concerns about the guidance and fears surrounding tariffs and general uncertainty distract you from the fact that crowdstrike once again reported an outstanding quarter. they beat estimates for both revenue and earnings per share, and delivered free cash flow of over $1 billion for the year for the first time in company history, marking a record 27% of revenues. look, this is not to mention that crowdstrike became the first independent software vendor to reach $1 billion in sales on the amazon web services marketplace in a single year. plus, when george kurtz. came on the show last week, he told us that he and his team remained confident about their long term goal of $10 billion in annual recurring revenue, as there are still several tailwinds the company stands to benefit from

now. one of these consolidation. as the companies realize the importance of cybersecurity, they're eager to rightsize with a single vendor that can help them to protect their operations. they want a one stop shop like crowdstrike, rather than putting together something piecemeal as evidence that this this tailwind is gaining steam, a company called out a seven figure contract win with a large state university was looking to consolidate their identity protection needs. george spent a lot of time on the last conference call talking about the importance of his exposure management business, something that hadn't been discussed in the past. he explained how easy it was to add on his falcon flex offerings, called out big wins. this business has had already, including with a large radio station, a multi national shipping line and a large asia-pacific health care provider. while government spending has been a tailwind for the cybersecurity business for quite some time, there's no doubt that the stock's been hurt by the trump administration's big push for cost cutting. but i don't think they're going to cut cybersecurity spending. do yourself a favor and read the last conference call. george kurtz talked about, quote, an adversary stockpiling akin to the cold war era, end quote,

when it comes to the geopolitical ai arms race, as george puts it, quote, ai in the hands of more adversaries intensifies the market need for crowdstrike. end quote. when you read his additional commentary on the democratization of destruction and how tools like deep seek are making adversarial ai easier and cheaper to develop against you, you might be willing to volunteer more taxes if it means our country has what it needs to stay safe. besides, elon musk and his guys at doge perfectly understand why we need this stuff. they're tech guys. this is in their wheelhouse. government's really looking to save money on cybersecurity. what a better way to do it than consolidating different vendors? besides what president what president trump wants to be responsible for losing? who wants to be? does he want to be responsible for losing an ai cold war? i don't think trump wants that. talk about a buzzword salad. in short, i still like crowdstrike very much, which is why we use today's weakness to buy more for the travel trust. as i see it, companies as strong as ever, and i look forward to hearing more from kurtz as he continues to drive the strength in his business with the second half acceleration, net new annual recurring revenue right ahead of

us. the bottom line while i don't know what the next few weeks will bring for the market as a whole, or crowdstrike in particular, i feel confident in giving this company's long term strategy my good housekeeping seal of approval, given that the stock is now trading at prices not too much higher than the day of that disastrous outage last summer, despite the continued strength of the business since then. i think right now you are getting a terrific entry point leave room. this is a real bad market back in. >> 20. 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 changemakers summit featuring. powerful women transforming and redefining leadership in the world of business. request an invite at. >> cnbc events. >> cnb david takes prevagen >> com sl for his brain and this is his story. nice to meet ya. my name is david. i've been a pharmacist for 44 years.

when i have customers come in, i recommend prevagen. number one, because it's effective. does not require a prescription. and i've been taking it quite a while myself and i love it when the customers come back in and tell me, "david, that really works so good for me." makes my day. prevagen. for your brain. [alarm beep] you make it through security so fast, ♪♪ the agents applaud. your travel itineraries are so well written, they're on the best seller list. and you have access to lounges that don't officially exist. that's why you rent with national, where you can skip the counter and choose any vehicle on the emerald aisle. because travel isn't a competition. except that it is. and you're winning.

beast lurks. >> between the numbers. some watch from the safety of the sidelines, but others saddle up and ride that one ton rowdy ribeye for all he's got. if that's you, join us on tastytrade named best online broker for options trading. genius loves company. >> you found it then? >> of course i did. >> good boy. >> a us bank. we know how good it feels to reach your

milestones, but we also know what really goes into getting you there. that's why we introduced codebrowse, which connects you to a real banker in real time to help you do anything from adding a new debit card, learning how to save smarter, even creating spending limits. >> you mind if i just. >> grab the one with codebrowse? we're always there for you on your road to here, because there's nothing as powerful as there's nothing as powerful as the power of us. gold bond believes touch says everything. it says... i see you. i feel you. and...i know you. gold bond. get in touch with irresistibly touchable skin.

brilliantly. >> it is time. for ten minutes. buy, buy, buy. just talk to him. i was playing some and then the lightning round is over. are you ready, ski daddy? let's start with mike in new york. mike. >> booyah! >> jimmy. >> this is mike from. >> garden city, new york. >> excellent. >> what's happening? >> i'm a long time viewer and a first time caller. and i want to thank you for all your hard work and help helping us. thank you and matures. it's greatly appreciated. >> thank you. >> i really appreciate that. but how can i help you? >> jimmy? i'm in the house of pain, like all of us right now. with the recent downturn in the market. what? i bought a tech stock a month ago and i doubled up last week right before earnings. and i am really in the house of pain. what are your

thoughts on marvell tech? >> jimmy marvell tech? that's matt murphy i know it's a wild overreaction to that quarter. it's now below where it was when it didn't even have it. i it's getting a little crazy out there. i think that matt is a good company. i would start buying here if i didn't own any. so all i can do is counsel, stay the course. i'm sorry, i wish i had more, but i would be a buyer, not a seller. how about that? joey in arizona? joey. >> hey, jimbo. joey here got a question about verona pharmaceutical. they have 400 million in financing set up. they've gone up 300% since june. and the fifth to date. and they're going to get bought out by a big pharmaceutical company. >> we don't know. and you know what? this is one where i don't want to tempt fate. there's no revenues to speak of. it's kind of a very dicey stock. it's been supported by a couple of firms, and i think that's terrific. i would sell half and let the other half run. i just cannot recommend a risky stock right here. let's go to sean in

california. sean. >> hello. mr. cramer sean here from northern california. >> hey man. what's going on? >> and a jump away. from caymus vineyards. also a hop, skip and a jump away from keysight technologies. >> your thoughts please. >> he said just hit anything. that's electronic measurement i love i also love agilent. i think this company is doing incredibly well and the stock is getting hit. being thrown the baby with the bathwater. good stuff. let's go to amelia in new york. amelia. >> hi. >> hi, neal. >> yeah, hi. >> you're up. >> okay. >> jim. >> i'm on now. >> yeah. >> yours. you're talking to jim. >> how are you doing? >> hi. i appreciate your calls. >> i talk to you. i listen to you in. >> the morning. >> i listen to you at night. and i appreciate all your advice. i'm retired and i'm okay. i'm asking about merck. >> okay? merck is too cheap. i

mean, it's got a 3.4% yield. rob davis is doing very well. it's really he's made a couple acquisitions. i think they're going to work out. and everyone's just so scared of the keytruda what roll off. and that's not anywhere near i think you buy the stock of merck. and that ladies and gentlemen conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. coming up, could today's sell off mean a buying opportunity? cramer is using his years of expertise to help you make sense of this market, and how you should position for the road ahead. next. tomorrow, kick off the trading day with squawk on the street live from post nine at the nyse. >> i don't need an excuse to sell the mag seven. they're everywhere. >> that's another melius note today. >> yeah. >> you got to 15. and then what happened? >> yeah. i mean. >> look, all i know is, is that

this is this is a decline. moment and a lot of panic. and no one ever made any money paying anything. >> it all starts at 9 a.m. eastern. 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 >> up to the minute news and insights. ♪♪ [inner monologue] we're sitting ducks. waiting for them to infiltrate our defenses.

millions of tries... and... they're in. uh-oh... this one's in the code. ♪♪ >> opportunities can be hard to find. like catching lightning. >> in a. >> bottle in uncertain. >> times, it's tempting. >> to retreat or. >> simply wait and see. >> at cme. >> group. >> we empower. >> those who act. >> we deliver tools to help. >> manage risk. >> and capture opportunities in every market. >> client. >> across every major asset class. to seize. each possibility. >> at precisely. >> the right nate jones... steps up to the mirror... lines things up... towels off... checks his fidelity app...

looks to outside analysts to get a second opinion. nate likes what he sees... same page? -[ dog barks ] and he places the trade... before anyone hears him talking to himself. [ dog whines ] buy u.s. stocks and etfs for as little as $1, with no commissions. talk about easier investing. >> you could have the. >> opportunity i never had.

>> if you. >> have an opportunity. >> to go with. >> someone that can blow up your product, why. >> wouldn't you? >> shark tank coming up next. cnbc. >> so many in this business try to scare you. we try to give you the confidence to do it yourself. >> it gave me more confidence in my investing decisions. >> you couldn't ask for more support. >> get invested. join the club today. go to cnbc.com. slash join jim. >> sure you can get out but can you get back in. selling everything right now feels great. we know that president trump is now hanging with the bears and air force one and bulls, as he himself said you can't really watch the stock market. the stock markets are the problems of the rich. and they don't matter as long as they can take a hit. and that's the zeitgeist from the walmart white house, where trump's giving us every day lower prices for stocks. the fed won't hold too much inflation. we used to talk about how powell and trump would be puts on the market, meaning they represent a floor. you weren't going to go through

the floor. nobody's talking about it anymore. so of course you want to sell. it relieves the pain immediately. you're no longer burdened. you can go about your life again without worrying about your portfolio. buy, buy, buy. today's a good read on what's happening. people are capitulating because they want to get rid of the pain, and they don't want to lose the game. but you heard what i pressed. see, there's just one problem. how do you get back in? maybe you should be doing buying right now. i know that feels like a silly question. what day like today where the average being killed? we need to worry about capital preservation, not capital appreciation. but i'm somewhat of a market historian charting all along the way. since 1979, i've spent years questioning why the market hasn't created more millionaires. the averages have been stupendous since i got in the business. i'm talking 42,000 points in the dow, but the individual stocks, they've been far more extraordinary to get those gains, though. you have to stay the course. as ken langone told us last week, the big gains occurred only about eight days a year. and that's the problem. the whole day, it was obvious that only consumer products and health care stocks made you money. there haven't been many days like this, so people sell their losers out of fear. so out goes apple or microsoft and

netflix and meta. why not? you don't want to give up the gain and there is no magnificent seven any more. scrap it right now. okay, i am banning the term from the show as of this evening, but think of it like this days like today are what kept you out of the big gains of the same stocks. most people never get back. they don't buy, they forget, or they think they can't tempt fate, or the market is too brutal. so they stay away and miss these huge gains that would have made them millionaires. it's why you should be thinking of buying the great companies. you're not selling them to not get good merchandise as it starts being really cheap, as a failure of imagination, to not have held them all the way could be a failure of recognition. the recognition that these things do get better and that managements are not static. they do things to make their companies better. so if you sell here instead of buy, you're getting out when maybe you should start thinking about getting in. sure, sometimes these sell offs are really right. back on october 6th, 2008, i went on the today show and said that if you need any money in the next five years, you should take it out of the market. s&p was at just under 1100. it was an excellent call. next thing you know, it

was at 6.66 a few months. that's where it bottomed. then the late mark haines, a friend of mine, host of squawk on the street at the time, made a call exactly 16 years ago to buy the market. we call it the haines bottom around here because it was perfect. the anniversary is the bottom today. i spoke to mark that day. he said that i'd been bearish and that i'd been correct, but it was time to go positive. i argued with him. my call had been so right. i can't walk away from the terrific call, he said. it wasn't terrific until you close it out and i was wrong to stay negative. i didn't like to argue with mark. i folded and went positive six six. i got a lot of people out before the market cratered, but i never heard a soul bought the stocks back in my mimicking the haines bottom. s&p is now at 5600. they missed a huge number of points. they avoided the big loss and also avoided the colossal gain. it was about as perfect a call as you could possibly make. but when i look back, sometimes i wish i had said nothing because so few people got back in when the market was down 40%. even then, it was right to stay the course. so in honor of the haines bottom, remember, even when it's terrible out there and it is terrible, stocks do bottom and you have to do a little

buying. the lack of clairvoyance of haines. well i plead guilty to that. but we know that you have to do some buying because well, it's been right since 1979. so i have to ask you something. are you willing to bet that this time it's wrong? i say there's always a bull market somewhere. i promise you, i find somewhere. i promise you, i find it just for you right here o narrator: tonight on "shark tank"... who's ready to become... all: legendary! putting on sheets is now... both: fast, easy, neat! can you do this with the dog? can you carry it with this? no, no. [ laughter ] what have you sold? no revenue. oh, my god. how do i make money? gassen: i sat the kids down. i said, "no more eating out. no more clothes for two years. no more nothing." unbelievable. the future of your company is truly in the balance right now. i think i've taken this business as far as i can really take it. duane: let's come together. we came here to do business with the great whites. daymond: no way in the world you thought you were coming in here and getting a deal. ♪♪ ♪♪