probably risk to 75. >> steve grasso? >> the halving is upon us ibit >> katie, thank you for being with us. thank you for watching "fast money. "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 want to make friends. i'm just trying to save you a little money my job is not just to entertain but to explain this stuff. so call me at 1-800-743-cnbc tweet me @jimcramer. will you stop it already with the morning buying that is what i've been screaming lately right in the camera when

i'm on the commercial for the morning show i'm on. consider these stats where morning buyers have been getting steamrolled including today where the dow opened up 94 points and only finished up just 22 and the s&p declined .2% after opening up nine points and the nasdaq lost .52% yesterday just looking at the s&p we opened at 5,068, up 17.56 points or .35% and then closed at 50 2. the day before that we opened at 5064, up .5% and we closed at 5051. monday we opened at 5149 and closed all wait down at 5061 last friday we actually opened down more than 27 points at 5175 but we still finished the day even lower at 5123 yeah why do people keep making the same darn mistake? i think there's a widespread

belief you can still buy the dip. that's been the long-term belief since interest rates peaked in october. it's worked before so they think it's going to work again well, that's really good thinking now, though, buying the dip is the quintessential wrong thing to do. it is just off the tracks and i'm going to tell you why. first bonds are in charge right now, not stocks. bonds are in charge. and once again the long-term interest rates are going higher like they did today, like they've been doing throughout this whole recent decline. sure there's been a flight to quality on some days but ever since we started getting hot inflation numbers the bond market's been doing the work of the fed. yet traders and investors can't seem to resist because dip buying had been working. but it was only right when rates were going lower it's wrong when rates are going higher because you are fighting the tape second, what i've started calling brown shoots that's my name for signs of a slowdown just like green shoots are signs

of an acceleration brown shoots can come from companies with disappointing earnings later in the show i'll walk you through pro logis investment trust. and j.b. hunt one of the nation's largest trucking companies. brown shoots abound. i can include two order-related names, carmax the used car dealer, which blew up when it reported and snap-on tools, the reliable specialty tool company that sells to individual auto repair shops that lost an astounding 7.6% of its value on a rare earnings miss >> the house of pain but we don't have a lot of blowups in the morning so buyers think the coast is clear on most days it isn't there's no coast is clear because we aren't trading on earnings right now we're trading on fear. and fear does not lead to great closes third not all stocks are created equal. we used to have leaders and the leaders are failing us the biggest failure, tesla which is going down relentlessly in a totally scary pattern >> the house of pain

how much will tesla lose this quarter? that's the common refrain. how about the pivot to robotaxi? hertz tried that with tesla and that failed. why would that be better for tesla? the country's not ready for self-driving cars. instead they want -- they sure don't want tesla's cyber truck i thought elon musk's fan boys would buy it but the darn thing has no what's called mojo. maybe because it needs to be advertised perhaps tesla needs to run a traditional pickup truck ad where some gravelly-voiced guy talks about ditching the ford f-150 because the cybertruck has bulletproof windows. i can't think of any other selling point. best i could do. next is apple. i've said you should own it, not trade it i'm not going away from that but if i had to buy it i'd either wait till the stock pulls back to 160 or at least wait until the company reports and then it cuts its forecast.

what you need to know is stocks have not been bottoming on estimate cuts in this market, they fall and fall again can apple pull a rabbit out of a hat? sure, anyone can elon musk can too. but i don't see magic happening yet with apple its dreariness is so palpable that it weighs on us every day it cuts forecasts, goes down, and maybe next day goes down, gets some downgrades, and then it bottoms that would be the pattern. final devastating leader is my pal nvidia which has a stock that can't find its footing even if it managed a small gain today. the rally in nvidia into its phenomenal gtc conference has been more than wiped out now, this is not a new pattern nvidia tends to rally and then drift, go along and then we get the quarter and it rallies again. rinse and repeat your enemy your fellow shareholders who either don't know what nvidia does or is or now believe the tenor of ai is a scam the stock won't be safe until all these weak hands get washed out. unfortunately so many of these

fellow travelers bought nvidia at the wrong time, they came in late and they have a real bad cost basis and terrible entry point. these are the people who cannot take the house of pain. >> the house of pain >> they know nothing >> maybe market leader netflix can break the wounded leaders flooding the market. what has become typical of the accentuate the negative pattern the company's boilerplate warning about the future just being okay maybe that's transcending all the good news who knows? fourth, we aren't getting any good aggregate data and people don't seem to care well, that's wrong they guy anyway. that's wrong why don't they realize the cpi, the price deflator, the non-farm payroll report because the data determine interest rates and interest rates determine the stock market action right now you cannot ignore the data anymore. you need some really weak economic market data to make the market go higher because wall street's desperate for a slowdown that would give the fed an excuse to cut rates it needs an excuse it doesn't have one.

fifth, we keep ignoring the middle east and when we get to friday we get scared something will happen over the weekend and people dump everything there's always something to worry about in this flconflict the pattern keeps repeating itself what would happen if people stopped buying in the morning and instead sold big from the get-go >> sell sell sell! >> that's what i've been waiting for. you're not going to get a serious bottom, a lasting bottom until you have the big give-up the dramatic end of days decline where people just can't handle the house of pain at all no way >> the house of pain >> they want a new address they want the 5% cd address. the stock market address is just too horrendous >> don't buy, don't buy, don't buy. >> when you get the vicious open, the down 1% or 2% abyss staring you right in the face, then the market has the chance, you need that what i call whoosh where we just crater at the opening an abomination that includes lots of formerly bullish now scaredy cat owners who want out so badly they don't even care what price they get. not only that but the down

opening doesn't mean a bottom for that day for that you need to have a true crescendo to follow the whoosh whoosh, then crescendo typically that means you see a rally at the open, a whoosh down and then machine gunners come in at those brave souls who try to buy the market like the first day then you get the crescendo just like in the music where there's a colossal blowout that leavens pe leaves people aghast the next day you see the local news trucks with those weird antennae on the roofs that will have well-coifed men and women hanging around wall and broad streets staring into a camera trying to talk to a bystander that will talk to them about jumping off a building or something. i used to go up to those people and when they asked me i'd say you know what? i think because you're down here it means the market's bottoming. well, of course my interviews never aired. bottom line, when you get the news the trucks and the journalists asking people how they feel about losing fortunes in the stock market that may

mark the real bottom unfortunately there's been no whoosh, no crescendo and no local tv people with mikes and their funny trucks until then presume we have not yet bottomed hey, how about matt in new jersey matt >> caller: hey, boo-yah, jim how are you doing? >> not bad i was in philadelphia today. good time. how about you? >> caller: very good the stock i am calling you about today is american airlines their earnings are coming out next thursday. and i would like to know if you think i should add to my position now before they post earnings or wait and in your opinion is american airlines a buy, sell or hold? >> we've got gelt delta pretty good numbers and we have without a doubt united reporting great numbers. will american continue that that i would tell you american at 14 is back to where it was so, so long ago you know what? i don't want to play airline roulette but i do believe that 14 bucks -- i don't know one down, two up how about we go clear across the

country to jeff in california? jeff >> caller: hey, jim. i'm in l.a i'll get right to the point. i bought $8,000 worth of square, or block, three years ago. it's up 16% in one year. bam. and in three years it's down 71.3%. ouch so i'm minus $6,000 in three years, jim i have very little patience. i told my son david i'm not a doctor, i have no patience should i continue praying, jim i'm very spiritual or should i sell now >> bam okay let's think about this i happen to think the company can go higher. i like the last quarter. i know it's painful. i know that you don't have any patience but can i ask for you to have fortitude? because that's what it will take once we get the new trucks and the funny trucks and the things about -- and the journalists asking us about losing fortunes in the stock market that smells like a bottom, but unfortunately eph withn't seen that yet. on "mad money" tonight if there's one thing you can count on during earnings season it's

that wall street will -- tonight i'm eyeing chafrtdable trust name abbott labs one of the best in the business telling you why the market may have misjudged this one all the way down. then are the packaged goods stocks the whole package i'm taking a closer look at the comeback we're seeing in that space. and and forget green shoots. you know what i'ming a, i'm eyeing the brown shoots being revealed by two major operators this season and telling you what it means for the overall market. so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on x tweet cramer #madmentions. send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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the one constant about earnings season is that wall street's always making mistakes. there's so much information coming our way that people get sloppy they react emotionally they focus on the wrong things and so a lot of results get misread. which leads to ridiculous and often wrong action in the stock market take abbott laboratories, the medical technology company we own for the charitable trust i've been very confident to this one since we spoke to ceo robert ford at the health care conference in january. abbott reported yesterday morning even though the company delivered a healthy beat and raised quarter the stock still got slammed. pulling back roughly 3%. >> sell sell sell! >> nasty what went wrong? this pick had been going very well for the cnbc investing club until about a month ago when keyser, a competitor, big maker of baby formula, lost a major

lawsuit in illinois cast a pall on the entire industry w. including abbott labs which also makes formula. but i was going abbott could turn the page when it reported its first quarter results because this is a fantastic company, medical devices and medical instruments. a storied business they delivered a huge sales and earnings beat as their core business which included covid sales was up nearly 11%. wall street was only looking for 9.5% so you get double-digit growth here abbott's medical device division in particular was on fire. remember, tons of people delayed getting non-urgent surgery during the pandemic and there's still a huge backlog of patients who need these devices this time their diabetes care business 20.7% organic growth thanks to their popular blood sugar monitor which is now getting more reimbursement coverage in oorp cardiovascular devices and structural heart devices were both up double digits as well. holy cow

management highlighted new products in diagnostics. abbott recently gained fda approval for its istat traumatic brain injury instrument which can tell if you have a concussion in 15 minutes in a non-hospital setting. think of all the uses for that unfortunately. they raised its full year forecast for organic revenue growth and earnings per share. keep in mind it's extremely rare to see this team raise guidance at all right after the first quarter. ford noted on abbott's call that this was the first time since 2016 the company hadn't done so. that was the signal to -- >> buy buy buy >> so why the heck did the stock sell off anyway? there are a couple potential cohorts. i'll point them out to you even though abbott raised their full-year forecast their guidance for the second quarter was thought to be a little light. i'm not worried about that at all. some people are worried about the strong dollar hurting the company's overseas sales i don't think any of that explains the pullback. in premarket trading before the call abbott's stock actually

jumped a couple points on the initial news, although it had given back those gains by the time the conference call started. then about 20 minutes into the conference call abbott took a question from jpmorgan analyst robbie marcus. marcus asked why abbott was confident enough to raise guidance after just one quarter, and then he asked about the litigation concerns i just mentioned that have weighed on the stock since that ruling in mid march. even though the two companies have very different not formulas but labels i think this resurfacing litigation worries is what weighed on abbott's fears, which quickly fell in the first few minutes of trading yesterday and once investors saw the stock was down they just assumed something must be very, very wrong with the quarter so abbott couldn't really recover yesterday. that's a typical theme, by the way, of this particular earnings period for what it's worth even ignoring the first part of ceo robert ford's answer where he talked about how strong abbott's businesses are i thought his response to the litigation question was very thoughtful and even encouraging ford first offered a reminder of

why the product in question, formula for premature infants, is seen as necessary by the medical community. he reminded investors there are clinical studies that have, quote, repeatedly established these p products are safe, end quote, that the products have been in use for gakds and that, quote, countless babies have benefited from these products with life-saving experiences and, knoa and, quote nrnlgs cases over many years ford -- the fact that this issue was right at the top of the call's kwa quq&a that was enougo overshadow the strong earnings also possible -- about 1,000 cases that have been filed with the first trials on the subject starting in july might have been news to some investors even if these facts were publicly available before yesterday and we talked about them as members -- if you're a member of the club you knew about it my view, our legal system can make things very difficult for businesses when there's a jury trial, especially in cases with highly sympathetic victims like families of babies that got sick

or even in some rare cases died. but lawsuits like this one are unfortunately par for the course when you're reagan major medical company. more importantly i think abbott has a defensible position as brought up by ford in his response to the jpmorgan ablt yesterday. don't forget abbott has the medical community on its side and these baby formula products for premature infants are mostly used because they're recommended by doctors you're not playing litigation roulette if you're betting on abbott here. it's not like the j&j situation where the damage was endless because jurors believed the plaintiffs' lawyers who contended j&j knew there was asbestos in its talcum powder and didn't take it off the market j&j had 100,000 claims on this issue. sure they had to pay out the 60 million to a single family, a verdict the company does plan to appeal but abbott labs has much less exposure to this than they do. when that verdict came down in march a couple analysts took a stab at figuring out how much damage this could do and they

will figured it could be a 200 to $300 million problem for abbott over the course of many years. after yesterday's fabulous beat and raise quarter it's clear that the bulls are right about abbott labs. the business is great. they're not getting enough credit for it. at the same time the baby formula litigation while not something to ignore feels very different from j&j because the company had a warning label and it's been approved by doctors as life-saving nutrition. so the bottom line, i recommend using this mistaken emotional sell-off to buy more of this dividend aristocrat on weakness which is exactly what we did for the charitable trust yesterday, lowering our cost basis in the process. and if you don't own any abbott at all you can buy it more aggressively because this is the cheapest the stock has been all year "mad money" is back after the break. >> announcer: coming up, the total package? cramer chomps down on the comeback in packaged foods next

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have the packaged food stocks finally come back into style on the wall street fashion show after spending a cull years lost in the wilderness we're finally seeing something positive here over the past few weeks we've gotten good earnings from three high-profile packaged food companies, and wonder of

wonders, their stocks actually rallied on the news. that may not sound like much, but there was an extended period of time where the food stocks couldn't get much lift, even from strong results. why don't we take them one by one starting with hormel foods, all right? this is the company best known for spam although you might know them as applegate farms, planters and skippy peanut butter among other brands meaningfully better than expected sales and the stock completely popped almost 15% in response this was the first quarter of positive sales growth since mid 2022 even though hormel's retail and international businesses were let's say not so hot, their food service division was on fire up 9.4% year over year. more importantly hormel's strength came from volume, not pricing. their total volume was up 3.7% year over year as the company rolled back some previous price increases. still, wall street lapped it up. mm because the packaged -- oh, tempting because the last few years the packaged food plays mostly got their growth from raising

prices which is not a sustainable strategy we did speak with hormel ceo jim sneed later that night and he explained -- remember these glp-1 weight loss drugs cause people to lose muscle mass too. which is why doctors tell anyone who gets them to get as much protein as they can. by the way, i've been recommending tyson not the fighter but the foods. for the same reason. since last november. the stock's now given up a nearly 23% gain. holy cow, am i smart as for hormel i wouldn't be surprised if it's got more room to rupp. okay just trying to get my teriyaki next, on march 20th, generous mills as we used to call it on wall street. this is a darn good company, reported a darn good quarter and the stock rallied 1.2% in response while the market's rolled over since then mills has just hung in there tough! as the hormel general mills

turned in a solid set of numbers in line sales that were a couple percentage points better than expected at least, and unlike hormel this company's still stuck in the trap of raising prices to stabilize its growth even as the expense of losing volume which was down 2% but it's all about the direction of these trends. that's the way it is on wall street and the 2% volume decline was an improvement from a 4% volume decline from the previous quarter. geez, you can't get any of this stuff open the closest for mills was the -- their biggest earnings beat on a percentage basis since mid 2020 and that was the height of covid lockdowns when all we did was eat cheerios probably could open it back then most of the key lines for its full year forecast which was enough to push the stock higher. third example conagra brands dare i pick this one or that one. which turned in a robust quarter two weeks ago and the stock jumped more than 5%. by the way, this was the best performer on the s&p 500 that day.

thank heavens. that day and the you company had struggled to grow for ages and that frankly is still struggling to grow. but we're finally seeing some improvement based on better volumes. conagra's net sales decreased by 1.7% although still came in a little better than expected. the company took a .2% hit on price mix. still experienced a decline in volume doesn't seem exciting but in the previous quarter net sales were down 3.2% thanks to a .5% hit from price mix and a drop in volume conagra's clearly moving in the right direction. fortunately, their margins came in better than expected. actually much better than expected which translated into a healthy earnings beat. and management even raised their full-year operating margin forecast we spoke with conning agra brands ceo sean connelly on the night of the report and he painted an encouraging picture, explaining that the company's previous supply chain investments are now paying off in the form of cost savings. those savings allow conagra to spend more on advertising and innovation which can then in turn help drive volume improvements without compromising margins

listen to this >> we're making progress for sure the quarter unfolded largely the way we expected. our supply chain did a terrific job generating cost savings. and that gave us the ability to invest in our business to drive volume, particularly in advertising, innovation and merchandising. and we were pleased to report a quarter that saw continued volume progress, but importantly while maintaining our gross margins. >> spicy in short, things are looking up for this 4.6% yielder. that said, whenever wall street seems to change its mind on an entire industry, there's more to it than just the results of the individual companies so what allowed the packaged foods plays to get their mojo back anyone got a fire extinguisher first, it's pretty clear that investors got too negative on the industry last fall when

people were selling everything that might be threatened by the rise of the glp-1 weight loss drugs. also created low expectations for the packaged food players. in the same interview two weeks ago sean connolly told us there was zero impact from the glp-1s. second there were some macro factors working in the whole group's favor right now. when you see the averages selling off because wall street's worried the fed won't cut interest rates that usually coincides with investors swapping back into safety stocks and few groups are safer than the packaged foods stocks. you could argue packaged goods have mostly high yields, they should have been -- they were actually hurt by the recent rise in long-term interest rates, 70 basis points higher long rates make bonds look more atrvth versus the dividend yields you can get from eat even the best food stocks. but that's not how it's playing out right now. people want safety stocks and that's trumping everything else. that said i'm more interested in the trends for the packaged food companies themselves having gone through the swing quarters for hormel, general mills and conagra we're seeing

something new in the packaged food space after a couple years ago where almost all growth in this industry came from price hikes, we're finally seeing volume improvements that's what we really want to see. >> that was easy >> even if volumes are still shrinking for some of these companies, they're at least shrinking at the a slower pace, meaning the trend's heading in the right direction. plus it doesn't help there's some relief on the cost front both from naturally lower commodity prices and from companies' specific efforts to get their spending under control. it's true packaged food companies like conagra are using these cost savings to go on offense and try to take market share. overall it's an encouraging theme and a market that seems to be bereft of upbeat stories. bottom line sweel if the packaged food stocks can keep running. it's mostly a question of when the rotation ends. but with the bar set so low for many food plays i wouldn't be surprised if the stocks can keep running simply because it doesn't take long for the underlying companies to beat the extremely low expectations as long as they haven't had to give up torch of the prices they gained during covid i think

these stocks will continue to work their way higher even though they're boring as all get out and could lull you to sleep. then again, that's exactly what you want from a food stock why don't we take calls? why don't we go to armen from florida? armen. >> caller: hi, jim i'm a young investor looking to diversify. i'm all in on tech, which has done well for me and now i want to look at starbucks. >> all right fair enough. we own starbucks for our charitable trust we are down badly on it. it's been a house of pain. i talk about it with jeff marks every single day i literally do every single day we feel when they miss the quarter which they're probably going to miss the stock's going to go down and that's when we'll be able to buy more because no stock we know has rallied yet on an estimate cut. we could be wrong. maybe they make the quarter. then we will miss an opportunity to buy more. i think you wait till the quarter. that's my take my nose is watering because this was so hot can i go to chrissy in massachusetts, please? chrissy. >> caller: hello, jimmy. i'm a student of dr. fiore at

western state. my question is would it be beneficial to invest in krispy kreme? >> i think it's run. it's had a terrific move out of nowhere. and when you have a terrific move out of nowhere there's supposed to be another restaurant took up the chain's product, i think you've got to just say i missed it and move on. i wouldn't be surprised one bit if the packaged food stocks keep running from here given how low the bar is to clear expectations for this raernings season for the group. it's a hot one well, on the tongue. there's much more "mad money." where are the ides of march? i'll reveal why reports from two economic bellwethers are flashing warning signals and is it time to get comfortable with harsh overhead lighting and co-workers microwaving fish in the break room how the five-day workweek is coming back into fashion thank heavens. and all your calls rapid-fire on

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are we finally headed for a zloin just when everybody's given up on the idea as i said at the top i'm looking for brown shoots wherever i can find them and they're starting to pop up in important places. look, if there's one thing people are confident about, including yours truly, it's the economy's still humming. we talked about the banks yesterday, wells fargo, jpmorgan, citigroup and the like, and we didn't hear anything from them to suggest higher interest rates are having much of an impact yet, aside from having the banks more profit pbl it's a solid one

not a fabulous one as brian jordan the straight shooting ceo of new horizon told us a high amount of commerce and few defaults this is certainly not what fed chief jay powell was looking to see because in this environment companies can raise prices too easily that feeds the flame of inflation. i think he never would have committed to no more rate hikes if he knew it was going to say this strong. however, we had two companies this week that gave us a wake-up call in an area rife with brown shoots we're getting these negative stories from excellent companies far more sensitive to immediate trends than the banks are or pretty much any entity out there. the best examples profoundly weak numbers from j.b. hunt the fourth largest trucker and perhaps the boldest one when it came to expanding and highly disappointing results from pro logis. the largest owner of logistics real estate. both these companies are superb operators. j.b. hunt run by outgoing ceo john roberts and the extraordinary incoming ceo

shelly simpson has put together a true nationwide colossus that took advantage of the covid era to get much bigger than p that's smart. e-commerce, regular commerce, data fields even solar fields are -- they own the warehouses it was the first stock toly out of the great recession it has total control of its business or at least i thought it did until yesterday. to say both these companies were surprised by how slow the disparate markets have become may be the understatement of the year one month ago to the day jaime mogidan the brilliant clinical ceo of pro logis came on this show, told a very positive story. his new supply was coming online, maybe too much supply, maybe not. demand looked strong e-commerce was strong. the only weak area in the whole country was southern california. prologis doesn't make forecasts but management did say there could be a small decline in rents because of an -- but their projections were very solid. solid quarter. very good year 30 days later and now those

predictions are out the window their occupancy rate was 75 basis points lower than what the media expected a month ago although hamid made it clear on the conference call this decline might be temporary pro logis is no longer just talking about a slowdown in southern california. it he even expanded what southern california meant, mostly inland empire and includes now new jersey, seattle, and savannah. that's a huge change for just 30 days of this extremely well-run company, isn't it? j.b. hunt's much worse started okay up 2% in sales then things sped "up" 3% in february. but march down not so hot cadence out of the quarter. if anything that understates it because the pockets of weakness are very weak. j.b. hunt saw a 22% downturn in its logistics line the core truck business is down. prices are coming down in trucking and warehouses are

going up warehouses used by the likes of federal express, dhl, maersk there are some real brown shoots overbuilding, that is exactly what chief powell had been hoping for j.b. hunt tells the story well listen to darren field after not having enough capacity to meet our demands in 2021 and 2022 we have kivtly been growing our capacity to meet the customers' demands and now there is a surfeit of trucks because everyone else overbuilt too. suddenly there's too much capacity similar with prologis. not long ago there was a shortage in warehouses so prologis and its rivals built them like crazy to meet demand but so did some of these speculative merchants. that's what prologis calls them. who would want to bet on the growth of e-commerce and data centers? now that demand has slowed, though, these speculators suddenly find themselves on the ropes. as hamid explained, they don't

have the financial wherewithal he says they're so distressed he sees them as bargains because they have no choice but to sell. which brings me to the implication of these reports for the first time in this rate hike cycle i see light at the end of the tunnel just when others see the light of an oncoming train >> all aboard. >> there will be free rent enticement for the customer. in trucking there will be cuts in trucking rates. both very positive these companies are experiencing what s what supposed to happen in the business cycle after the fed tightens 11 times. the trucking companies start getting big orders, which means the trucking suppliers perk up the professional companies that build data centers and e-commerce warehouses see speculators move in to siphon off e-commerce business. meanwhile, they're all putting in orders by pipe from ferguson and electronics from eaton then the customers presumably big e-commerce companies see a slowdown which quickly leads to a situationwhere you've got to much warehouse space the truck owners see their orders cut severely. they cut prices themselves

allowing the fed to beat indplags in this dom floe situation and put us in a situation where jay powell can start cutting rates before there are big layoffs and bankruptcies however, this time the chain of pain simply didn't happen. no one's gone belly up we can't see any major players filing for bankruptcy. we haven't seen any orders canceled we can't see the price cuts down the line to move product so do we finally have the beginning of the long-awaited slowdown in prologis and j.b. hunt was march that bad at least i can say there are some brown shoots somewhere. you about the bottom line is it's not enough to cause the fed to reconsider what they were saying just a couple of days ago. "mad money's" back after the break. >> announcer: coming up, hit us with your best shot. an electrified fast-fire "lightning round" is next.

it is time time for the "lightning ound"! buy buy buy, sell sell sell -- play until this sound and then the "lightning round" is over. are you ready skee-daddy time for the "lightning round" on cramer's "mad money." i'm going to start with doug in new jersey doug >> caller: big boo-yah from point pleasant at the jersey shore. >> jenkinson's beckoning let's go to work >> caller: long-time listener first-time caller. bought this stock on the approval of the willow project in alaska. even though it's not on line yet it's up 20%. should i buy hole or seld conoco phillips >> i want you to hold conoco phillips i like chevron too and my favorite is coterra for the charitable trust mike

michael in massachusetts. >> caller: something -- trials of the obesity drug. rhythm pharmaceutical. >> speculative play. i am not against speculating it looks like there are so many bids i'm willing to let a stock catch fire mark in florida. mark >> caller: hey, jim. i appreciate you taking my call. i'm calling about marvell technology and it's been dropping ever since they had last thursday's ai conference. is now the time to buy more or should i hold? >> okay. this is in a very difficult cohort i thought matt murphy told a great story. i would buy some and then wait till under 60 to buy the rest. let's go to minal in georgia >> caller: hey, jim. >> hi. go ahead you got jim. you're up. >> caller: so i'm interested in lrcx lam research corp. production technology stock. is it -- >> look, i like lam very much. i do think that right now we're having a pause in that group, in

the capital equipment, especially after what i saw taiwan semi do after they reported let's wait until that stock goes lower and we'll feel better. let's go to juan in new york juan >> caller: jimmy boo-yah, jimmy listen, i love embx. what do you say? you like it? you no like it because i love is it >> you've got to be making some money in that business if you're not making any money in that business then i can't say to buy the stock let's go to cory in washington cory >> caller: hey, jim. i'm really looking forward to hearing your thoughts today. >> sure. thank you. >> caller: i've been monitoring this company that has had some interesting developments and strategic shifts in recent years. >> okay. what's the company >> caller: that stock is western union. >> i have not looked at western union since i spoke to them when i was at dreamforce many years ago. so here's what we're going to do i promise you we're going to do a homework on it because i never understood why the dividend could be so big and the stock be

so low let's do some work on it and we will come back thank you. let's go to john in virginia john >> caller: hey, john -- hey, jim. thanks for having me on. >> no problem. call wanted to get your advice on aspen air gels. i bought them a year ago it's done pretty well. but a lot of the buzz over the past year was tied to the potential growth of the e.d. market do you think i should hold on to it or sell because of the lack of momentum? >> this thing is up so big and what a great opportunity to sell the stock of a money-losing company after you've made a lot of money take the profit. how about guadalupe in new york? guadalupe. >> caller: hey, jim. good afternoon >> good afternoon. >> caller: question. so back in november of 2020 i purchased a stock with your blessing and i have made over 200% on that stock my question is should i buy more, sell or hold it's mckesson. >> don't sell mckesson

don't sell senkora these things are unbelievable. and let's just throw in cardinal that's a threesome i'm giving you a threesome i've got once, i've got twice, i've got three let's go to ronald in massachusetts. ronald >> caller: hello, mr. cramer how are you today? >> i am good how about you? >> caller: oh, i'm pretty good i'm a long-time listener, morning and evening. and have made money from your recommendations. i would like your opinion on the pnc bank >> people didn't like the pnc quarter. i on the other hand felt it was an enjoyable quarter, meaning they're going to start enjoying it again and come back you buy some now and buy some down 10% and you will have a position that will last for a very long time joe in new jersey. joe. >> caller: how's it going, jim shout out to my dad watching we're both long-time fans of the show the stock i want to ask you about is vail. 6.5 p/e, 14% forward dividend, and pretty much at its 52-week low. with potential tariffs on

chinese steel what do we think will be the impact there and would you consider -- >> it's too low to sell. i would say they have to cut the dividend nothing to bank on but down hereby i'm going to be able to take a shot at it and i think i'll make some money and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: the "lightning round" is sponsored by charles schwab coming up, cramer weighs in on competition and the work week. next 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. trade brilliantly with schwab. tamra, izzy, and emma... no one puts more love into logistics than these three. you need them. they need a retirement plan.

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so truist financials the latest outfit to order people back to work five days a week. it's only the investment bankers. the rest of the workforce has to come in four days, up from three days before the announcement come on, send everyone back. let's see who likes working at truist and who doesn't the largest regional banker in the southeast can start to figure out how to replace as many of these jobs with ai as soon as possible i'm not a martinette but this

vestige of covid simply doesn't make sense to me i'd love to know how much money truist even saved on rent. i'm fascinated by the idea of zoom mentoring, something that happened because the bosses didn't come in it was their rebellion, yes, the bosses, not the younger people that caused this work from home absurdity. the managers wanted to be at home i'm sure the younger people, they got a kick out of it. but coming in was never a deal breaker for them i'd love to see what these absent folk watched when they were at home did they binge on "white lotus," predict maybe who won "squid games" or the proxy fight in "succession" did they relax while watching "yellowstone" or did they just play wordle and connections and weil away the hours betting on draftkings i have a theory dprievd homespun research that comes from doing my job plus i'm a dad the soft workweek happened because the surprising oh hort didn't wanting too back, the cohorts in their 40s and 50s, who realized they were missing a part of life they didn't get at the office they got to attend their kids' games, they saw their play performances, they played roblox

with them, they taught them. this was the generation that refused to look back and say i wish i would have spent more time with my kids, something i sure wish i'd done i will never forget the time when i missed my daughter play field hockey goalie against the best in the state. or the shutout in one of 18 she had in a championship game no, both occurred on big days that were bad for the market or at least they felt like big days at the time i know this. they were forgettable days or just days i felt i should be at work because it was a dicey time in the market and days my bosses felt were too important to miss. they weren't i can't even recall what happened meanwhile, i'm sure i never would have forgotten some of those milestone wins or that championship game. i was just doing my job. i wish i hadn't. so i understand the rebellion by the people in their prime working years with school age children that's what work from home was all about. i have no illusions. the whole productivity improved sham is one giant charade. to think truist workers can do the same in three days as five is nonsense. but to think those executives

saw their kids' games and caught their plays is terrific for their life experience. at my hedge fund i tried to order a partner back to the office because intel was reporting even though his kid was in a play. i said the kid's going to be in a million plays but intel only reports four times a year. that was wrong i now believe in flexible moments. if you can you should go to the games, you should try to get to them, but never forget where the five-day workweek came from. a century ago people worked six days a week. the labor movement got that down to five days but that was the lowest a company could allow to mentor new leaders and keep their shareholders happy not to mention customers if you don't do these three things your business won't stay competitive over time. work is life's biggest compromise you agree to do it and what comes with it is the corrupt bargain where you give up a lot of what you might otherwise want to do in exchange for the money you and your family need to live on fact of life nobody's going to pay you to see your daughter's field hockey game you aren't getting health insurance from watching a high school play.

you can end the bargain. you can find a place that's not competitive. but if you work at a place like that your employer might not make it because business is in the end about the survival of the fittest. they don't call it work for nothing. i like to say there's always a bull market somewhere, i promise to try to find it for you right here o right now on "last call", live from philadelphia, google firing employees after a fiery protest. two guys, the same plan? how biden and trump's economic plan looks similar. paramount may have a new suitor. we have the breaking developments. housing dreams dashed. new data you have to see. plus, battling back the shorts, shares of dj t are mounting. and epic