making a move. >> karen >> yes, the intel makes me think not intel, dell. a lot of the same underlying things could happen and have been happening, good execution there. >> steve. >> sofi trading back above its 50 day and in after hours it's above its 100. >> thanks for 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 . i'm just trying to make you a little money. my job not just to entertain but to teach you. call me, 1-800-743-cnbc or tweet me at jim cramer. if you took your cue from the action in meta platforms you

would have sold immediately and you would've been entirely wrong . that's because meta's billionaire rival reported two of the best quarters i've ever seen in ages. bedding like mad on artificial intelligence and the cloud and search just like meta but there's enough business for all of them. throw in some tepid inflation data that helps with the rate cut and the market just roared. the dow gained 155 points. s&p jumped 1.02% and the nasdaq searching 2.03%. i like that. this was a good set up. may be one of the toughest weeks we have seen in ages. that is because it is loaded with earnings and we have a fed meeting and a report on friday. i'm already exhausted next week. let's take the week. starting with sunday night. i don't usually do this but bill whitaker from 60 minutes interviews jensen long, the ceo

of nvidia. normally we don't care about that but i bet it could have impact on the stock. so many people are invested in nvidia. i say maybe be prepared for a monday bump from 60 minutes. monday we hear from the company i get the most questions about. it is called so fight. the numbers keep getting better but the shareprice doesn't go anywhere because of the convoluted balance sheet. we are issuing equities added to earnings but it crushes the stock anyway. there will be some mystified analysts on the call including those that ask, what is the presidents program have to do with sofi's earnings profile. i don't know the answer to that so i will be listening and i will fill you in. we also get a flash from domino's pizza where the new ceo has really brought back the old pat doyle magic. i expect when my great set of numbers because dominoes has execution second only to

chipotle. that is a high bar. tuesday, while. this is about losing weight and gaining weight. [laughter] tuesday we find exactly how well the diabetes and weight loss drugs are selling when eli lilly reports. i expect great numbers because they are constantly sold out of zepbound though the lack of product may make some analysts concerned. they can't make it fast enough. we want to learn about the procedure for the alzheimer's drug targets more important than competing products and already starting to get some traction. we will be pressing lily to see something about that drug. we will hear from mcdonald's. about how they raised prices perhaps too much and maybe they need to roll them back. i think the incremental series of price hikes has turned off

customers. don't think it's in great taste but in the end we are a wendy's household. on tuesday as well american express. they have one of the greatest quarters. that the meeting will be a block esther. they have done practically everything right. after the close we get some of the most important copies. the biggest is amazon. i hope you like fellow cap meta platforms or will it be more like microsoft and alphabet ? they also put up some excellent add numbers for you to. i wonder if amazon saw the same thing for their at business. i know that they are spending nvidia chips like there's no tomorrow but they don't do anything unless they know they have the customers first. on top of that i would like to find out if amazon has lowered the cost of sending packages to you. by the way, that is the key metric. starbucks reports, intriguing. we were on 10 arrest about this position. has that gotten better.

have they solved the problems with breakfast in the afternoon. with a face up to too many variations and coffee? how is labor? has the boycott subsided? i can't believe it has come to this but it did hurt the numbers last time thanks to customer intimidation. i know it is just china in my mind, but let's see. i know the answer. i am nervous. wednesday morning we find out about cvs and if they've been able to avoid the maelstro with walgreens. it's a tough road not made easy by the fact of what i call the theft epidemic. maybe they should have thought about that before installing the show -- self checkout kiosks. amazon is doing the best to take the customers that go there and reorient them to prime.

many of them have same-day delivery for these kinds of things that they sell at cvs. fisa reports. we are getting used to disappointment. i want to see what the company has to say. we have seen what this has done for merck but i wanted to do the same thing for pfizer. we also get reports from marriott. i expect the same thing this time. analysts refused to believe that the great numbers can continue. i bet they will because we have a much more travel oriented is society. you want endless earnings? i think you can still make money on wingstop. i think it will go down but it just won't. on wednesday afternoon the musings of the open market committee. i suspect more chatter about rates staying higher for longer even as i believe from the work that i do and anecdotal that the economy is weaker than most people think in the month of march.

i think there are enough brown shoots that we are at risk if conventional mischon -- wisdom starts talking down rate cuts. i think they are restricted because they don't yet realize the economy has truly started slowing i think it started slowing right when they gave up and thought it would never start slowing. it happens. wednesday we have carvana. the stock is on the move and there's a monster short business. i can't believe they did not cover it. that was foolish. even though other used cars companies do not do that well they will go higher. thursday is apple. i don't even bother other companies because this is what matters. this will be the most telegraph disappointment in their history. there so much negativity you have to wonder if a shortfall is still a shortfall. everyone knows it is coming. the stock has been creeping higher anyway so it is getting further away from the downside target. two things can help.

first, it can do the rest of the world row rubric. lumping all the countries that are not china and the united states together and make people understand the scale of the international opportunity which is bigger than china. second, a tie in with nvidia. construction companies, auto dealers, would boost their sales if they embrace it. apple is a consumer company. they will have to change their stripes to do what i said. they should. friday we have the employment number. this one is tricky. if it's a strong number we will think the fed should never have stopped raising rates. if it's a start -- soft number we will want to know why they talked about keeping rates higher. it is fraught. not a way to end the week but you need to know what is coming. bottom line, we have to run another ridiculous call.

i do think the economy is getting weaker. i just hope the federal reserve has noticed. let's go to ryan and virginia. >> i want your thoughts on a retail stock that has been decimated. is this corporation going to turn things around? >> this one is dicey. there is a guy in there that is sensational. we love to mount logitech. he has real horse sense. we have to get a clearing of that. we have to see the inventory gone. we don't have that yet. then i will probably sound the by, by, by. let's go to tyler in california. >> booyah from california. >> i think that was more than one person. >> i'm doing good. how are you doing?

>> i'm doing good. thank you for asking. what is your word on dexcom? >> i know that it is not the enemy of the glp-one but i don't want to defend it. i just finished defending starbucks. he who defends all defensemen. get ready for next week. of the economy is getting worse. what is your credit score anyway? i'm thinking stock will go lower. stock must never go down. venue : western union. i said i would do a little homework. i'm ready to turn in my homework. is simply -- s&p global saw a turn. i'm learning more about what a stock that is. stay was cramer.

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we have some work to do here because we have to figure out what just happened to the feyereisen stock. the stock came down substantially over the past few weeks amid stories

about rising interest rates. that translates to less borrowing which means less business theoretically. last night something interesting happened. a fantastic quarter with a sizable top and bottom line with accelerated revenue growth. the race the forecast across the board but unfortunately this forecast took a hit. even though they raised guidance it was not enough to catch up with estimates. everybody expected them to meet the quarter but they're still long-term interest rates going higher. could this be the option we've waited for for a high quality company? let's check in with the ceo for a better sense of this situation. welcome back to mad money. >> thank you so much. >> so let's just deal with us. to me, all of your metrics were exceeded and it was really a beautiful quarter for fico. >> we agree.

>> did you perhaps not raise estimates enough that they were unhappy? do they not understand the company as far as i'm concerned? >> the part of the analysis that i agree with is the buying opportunity. that's the part i agree with. i also agree that the numbers are fine. we beat guidance and consensus. we are happy with the results. i think there's a little bit of an overhang from the fear of interest rates not coming down quickly enough. earlier in the year people thought the rates would come down sooner. with lower rates, higher mortgage score volumes which is good for us. any kind of postponement and rain -- in rate decline will clip us a little bit but generally we are very happy with the business. we are in a good place. >> i agree with you. it's the higher for longer traps people that are a little

too small minded and gets them to do something i disagree with which is not love your stock. i also have in my hand a letter from a fellow by the name of senator josh holly. i was brought up by my mom and dad to think that because there's only 100 senators you need to revere them. as i read his letter he's talking about monopolies. there are more people doing what you are doing than ever before. you have the best one. why can't this senators see that that is what is going on mike --? >> you are exactly right. we don't have a monopoly. there are alternatives to the fico score but what we have is the best score and the best way of evaluating credit at low cost. there are people who get concerned about the level of success because we do have a lot of market share and we are widely used. over 90% of credit decisions at banks in the u.s. are driven by fico scores.

there is a reason that people notice that but as you noticed there are alternatives. we are there because we are good, not because we have some kind of special privilege. >> also, there was a time when a lot of these upstart companies that were saying they don't to 360. they just drill down on one thing. you have a 360 product and what i can tell it is better than anybody's. >> that's exactly right as well. you have to distinguish between the score and the software. we have two businesses. at the end of the day what we try to do with both of those is make these superior credit decisions. the score is a low-cost broad population approach. the software says let's take into account lots more input into the decision. a little more space and a little bit more complicated and a more predictive decision. we have both available. it is important to compare apples with apples. there are a lot of new

technologies for making credit decisions. typically they start with a fico score and build with whatever their secret sauce is. >> that's what i thought. say an outfit like an upstart. nobody is impeding them. they could be at every bank if they were better than you. i think a senator may just look at the situation. there have been more competitors that tell me they have the algorithms. i understand this maybe 10 years ago when the competitors were not around and you were the best. now this is the most competition you've ever seen and yet you are winning constantly. that is what matters. >> that is absolutely right. that is right. the fico scores been used for a long time. it's the most predictable low- cost way to evaluate credit worthiness of a large population. we do it. we do it at low cost and what i am proud of is it enables us to get credit into the hands of

almost anyone who can responsibly handle it. we score more people and get credit into the hands of people that deserve it. i am proud of that. >> i think that people are a little bit unsophisticated by your situation. they seem to think you make a ton of money per mortgage. it's about 20 basis points. you can't even see it. >> that is also true. it is the case that mortgage scores are pulled for almost every mortgage both conforming mortgage and nonconforming mortgage. the fico score, is tiny. >> one of the things i did over the longest time was to see what is happening when your stock has dropped. i know you should be very proud. every single time when you had this big of a drop it's been an amazing buying opportunity. i don't see anything else other than the fact that i think it

was a mistaken selloff and i think this is right. you know every single one of the sharp dips has been accompanied by a multi-year rise . i think this is just another one of them. >> i think that is exactly right. you are spot on. inevitably there's bumps and dips and ask -- in a stock. hours has been up up and up. people have trouble getting hold of it because they find it exorbitant. we think it is price based on future prospects but when you get a dip like this it is certainly an opportunity. >> one last question. you haven't been contacted by the antitrust office? >> no. i think it is probably worth pointing out that there was an antitrust investigation by the department of justice several years ago and we came out clean. there's not anything inappropriate here. we are squeaky clean uncompetitive practices and there is nothing to be concerned about.

>> the only thing i could think was maybe they reached out and i did not know about it. you would have disclosed it immediately. you are totally upfront. i want to thank will lansing, the fair isaac ceo. thank you. mad many is back after the break. coming up, you asked and we answered. cramer turns in homework on a classic american company , next.

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last thursday night we got a call from corey in washington wanting to know about western union, the 173-year-old money transfer company. aside from wondering how the heck western union could have sunk to the point where it now has a nearly 7% dividend yield. i promised a fresh look back. western union has a long and storied history. the western union today only regained its independence after it spun off the first data corporation. until then it was only focused on cross-border money transfers. they develop new technology to move money overseas. after the great recession it made a come back right before

covid hit. the pandemic crushed international travel which meant much less demand for these cross-border money transfers. western union has faced all sorts of competition including from crypto currency. after peaking at $28 and 2020 the stock came down to $10 in march of last year. during that time they have never stock -- stopped struggling to take control of its destiny. they sold nine core business and put in a new ceo. his name is devon mcclanahan. about a year later he led a new strategy to combine the long separated technology and retail money transfer businesses. in the old days people would just go to western union to make a single money transfer. now they are trying to have a more relationship centric tech model keeping customers engaged between business visits. they've been losing share so

they decided to get into it themselves and use the huge network to give them an edge. at the time western union was realistic about the fact that any kind of turnaround would take some time. they introduced some targets targeting 2% revenue growth. with operating margin in line with what they were doing at the time and mid-single digit earnings growth. not exactly impressive but at least the numbers would not be shrinking anymore. six months later the stock finally did manage a bottom after one more ugly quarter. over the past 13 months it has worked its way from $10-$13 and change. why has western union been doing better? simple. the plan is working. on wednesday night the company reported its fifth solid to good quarter in a row. they delivered a top and bottom line eating last year and reiterated the forecast. july they had another beating. western union gave you the same

kind of beat and raise last october. at the beginning of this year they had some real business. the full year 2023 numbers were much better than the initial guidance they provided in october 2022. the full year 23 revenue was down 4% on a constant currency basis. the operating market came in at the middle of what they guided for and earnings-per-share was a whopping $1.74 they thought they would be earning $1.60. retail transaction growth was flat year-over-year with three telegraph 1%. for western union flat is an improvement. new customers grew by 13%. the company also rolled out a new digital wallet offering along with debit cards and lending services at several markets. they made progress on the cross cut front also. that said, when western union reported its fourth-quarter numbers roughly 3 months ago,

wall street did not love it. while the sales were better than expected earnings were merely in line after three straight quarters of up the full year forecast also seemed lackluster. with this new western union led by the ceo it is clear that the company likes to under promise with guidance and over deliver with actual results. sure enough, on wednesday night the company reported a pretty good first quarter. they posted a slight revenue be with a 3% growth on constant currency basis and earned $.45 per share when wall street was looking for 41. that is not too impressive in the grand scheme of things but pretty darn good for something that is widely regarded as a no growth business. western union also raised its full-year revenue and earnings forecast pretty substantially. it is now looking like 2024 will be an up year. the stock initially soared but got dragged down by negative

take. today the stock bounced a bit but it is still below where it was before the quarter. i kind of like that. taking a step back, i find it encouraging that western union's core money transfer business is making a comeback. total transaction growth and vibes have now been positive for four straight quarters. digital transactions have been growing at a double-digit clip over the same period. all good. where do i come down on western union? first, i agree with cody in washington. there's a legitimate turn and the new management team deserves credit for making it all happen. i also like the fact that the stock does remain very cheap currently selling for less than eight times the earnings forecast. that is really inexpensive. it has an excellent dividend yield. it's a legit payout and i think you can trust it.

over time i believe it can grind higher assuming there are no real setbacks. there certainly have not been any so far. if for some reason you are in love with western union i would buy it. this is a big but. it's not a position i'm excited about. i definitely would not recommend a reclamation program overpayments company like american express. for some perspective, western union is working toward 2% revenue growth and earnings next year for amex you figure what you like more. they reported a nice quarter over the long haul. visa and mastercard have been just better. those also have plenty of cross border vibes. western union is it a turnaround story, absolutely. can it go higher from its current depressed level? i think so. in the end i think you can do

better with visa or mastercard are most certainly american express. let's go to joe in georgia. >> booyah, cramer. longtime listener first time color. >> fantastic . how are you doing. >> i have a question about mastercard. i'm a little apprehensive that buying at these levels. should i buy now or wait? >> i saw them the other day here ringing the bell. i think it is terrific. i think you should buy some and then wait and get some lower. i think western union is a turnaround story in the making that you can make money with. i think you can go better in the payment space. sometimes there are companies that can by his son.

i think i'm breaking down that quarter. i will reveal what something and how you can get it on the action. then we will have the lightning round still so stay with cramer.

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every earning season all sorts of high quality companies report good quarters but still end up flying under the radar because there's too much information to process. take s&p global which is mainly a ratings agency for the bond market but also runs the s&p

and dow jones indices with all sorts of marketing about intelligence that managers live by. s&p global reported a strong top and bottom line with management raising the forecast. they said the action was so ugly the stock only managed to rally a half % before another tiny gain today. i think this is a quarter that deserves more attention. especially with the stock still down more than 5%. it's a high quality company. let's take it deeper with doug pederson. he's the president and ceo of s&p global. known him a long time. >> it is always an honor to be here. thank you so much. >> i always have to start with the fact that you have this amazing ratings business but each time i see you you have more and better other businesses you have added. tell me about some of the new things you've got. >> we did the acquisition and brought an incredible portfolio business. we brought the fixed income for

the dow jones. we have an energy suite which includes incredible conferences. we have all the information about alternative energy, what's happening in hydrogen markets and the market intelligence business we have 13 million prices we can put into all of i will products and services. >> this is really important because there's a lot of opaque analysis and then there is your empirical analysis. we often hear about private credit and how they are doing. you actually have benchmarks. >> we have the numbers and this is one of the highest growth areas. last quarter we grew that business 15%. not only to the investors themselves, private credit managers want more information about the credit portfolios and concentrations, so did the lps so we provide the analytics and then through the ip business we

provide information for all of them about the portfolio. we can apply all the pricing and technology we have to what is inside of those credit portfolios. it's a win win for us. >> when you have these things even in my time, the managers made up the numbers. they would take a walk and say this is worth x. that is unfair and you busted that. that is terrific. you come into the energy marke . worldwide we are dominant. you become the sole, single sole source of truth for all the big institutions. very quickly. >> when you think about the energy market this is one that is quite opaque but also going through massive transformation. one of the things i say that everyone wants to know what is your energy footprint and carbon analytics. is the net zero pledge something anybody can ever get to? we are providing the analytics

that let you run your company and understand the analytics and to the energy transition and financing. we put something that goes from financing to energy to pricing across the entire business for multiple industries. >> the interesting yesterday has died out. it may not be as fervent but it will be mandated. you can't just say nobody cares about it right now. >> we are in a third innings one. we still have many more to go. right now all of the focus has shifted to energy. it's shifting to environment and climate and carbon analytics. this is where we play a really important part with true cost and acquisition. what we have built through the combination of plots in the energy business. so we have those analytics you need. we also have over 3000 companies to give us information about their own factors we can use to help the market

understand what is happening. >> in the old days people used to say there was issuance, by s& p if there wasn't then no. the issuances really on fire. >> last quarter what we called the build issuance went up by 45%. transaction revenue went up 54%. the ratings business revenues were up 27% overall. the margin was up very substantially not just for ratings but the entire company. we have 14% topline growth across the company, organic growth and 20% eps. we had a really phenomenal quarter. >> how do you find these acquisitions. >> this one goes back five or six years ago. we had a position that artificial intelligence would change the way people did their work. we thought it was not going to change roles and jobs but allow you to automate things

underneath what you did and make you smarter and work faster. we've seen that playing out. we've had them in the company for over five years. we built the machine learning and analytics using textual data to turn it into actual data you can make decisions on. we are applying that to generative ai. we have a roadmap including products we have started building and an internal platform we built for ourselves. we have our own internal platform by keeping proprietary data inside of firewalls we can bring the models in and then we are not leasing intellectual property. >> that is terrific. i think people should understand that you are creating things all the time. it turned out that we needed them and did not know that we needed them. >> we think there will always be some angle of data analytics that we want to get ahead of. we actually have an r&d team that we are looking at what we call defi.

it is stable coins. we have a team assessing the already and risk of stable coins. right now it is small but we want to be on the leading edge of this. we can be on the leading edge of digital finance, what is happening in private credit et cetera. we want to be on the cutting edge and make sure we protect all the businesses. >> that is so great. so many of our viewers want to be in bit coin and crypto. the stable quinn is the big issue because we know it is opaque. you can get good information on stable coin? >> we have a rating criteria with 30 or 40 different criteria you have to be able to understand to judge the quality of the stable coin. we have a stable coin assessment now. we are also raiding digital bonds. >> you are? >> we have a rating criteria for digital bonds. >> i consider you the great

equalizer between limited partner and customer and the company that is doing the thing. the company itself does not have the tools or the vision that you have about what people really want. >> we see where they are going. we are trying to stay a step ahead. some of the things we do don't work out but we have to stay ahead of the market. we also know that our business requires us to continuously improve -- our relationship with customers. we been doing a lot of launches across products the last couple years to make them better and easier to use all the time. >> i sold the business multiple years ago and it's been treated very well. you are an upstanding businessperson and a great person to deal with. thank you so much. that's doug pederson the president and ceo of s&p global. it's a terrific stock. coming up, hit us with your best shot. and electrified fast

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lightning round is sponsored by charles schwab, trade brilliantly. it is time for the lightning round. we play that sounds among the lightning round is over. are you ready? i say we start with hutch in new york. >> hey, jim. it is hutch. >> what's going on, >> reporter:? >> what do you think about

celsius holding? >> i like celsius. the problems from oncenter are really a win for celsius. let's go to brian in texas. ryan? >> booyah, jim. it's a pleasure. >> right back at you. >> i was wondering what your thoughts on bloomberg. >> halliburton did better. we like konterra for travel trust. let's go to rhonda in kansas. >> hey, jim. how are you? >> i'm good. how are you? >> i'm well. diamondback energy? >> i should have missed that one. i saw they were doing a bowl, bear debate on the network and they came out and said maybe it is good, maybe it is bad.

it is great. let's go to work here. let's go to edna in new york. >> booyah, mr. cramer . >> booyah, ed not. what's happening? >> i have been increasing my volterra. would you recommend that i sel ? >> exxon stock was down today and that hurt pioneer. i want you to caching and get to the totality. let's go to james and new york. >> i love your thoughts on the next big thing in the fight against cancer. i told you before but now it has been approved, booyah. >> i think somebody will have to pick them up. look at what mark has done.

it is a great and honest company. i agree with you. i am with you. let's go to larry in oklahoma. >> booyah, jim. i want to ask your opinion on a company that dropped 15% last month and made a recent deal with oracle. you know who i'm talking about. >> i like them. they have become uncommunicative for me on the show. that does not bias me. i'm a fine man and a good man but i do like the stock. let's go to josiah in florida. >> i have a question. i have seen many ups and downs. >> there is many. if you are in the insurance business i say progressive. progressive is better. that is the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab.

coming up, cramer puts a bow on the now's wild week. here his final friday thoughts next. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly.

we know what saved us this week. the demand for artificial intelligence that boost demand for alphabet and microsoft. it has triggered a data center revolution and construction everywhere. the power use that has not happened in years. most important, the need for semi conductors. they are all good analogs but the most notable move of the mall came from what has become, i think, what has become one of the most controversial stocks in the entire market.

the stock, nobody batted an eye and alphabet cross the mark. it is only fair for the stock to rally 10%. it's been around. it's been at these levels before. totally rational. microsoft has been an alpha dog in the market for ages. ever since iphone sales stalled and critics dismissed it as a no growth company. the artificial intelligence gave the azure cloud division a 7% boost. that is incredible. that is open ai and chat gpt. by the way, pretty soon it will come to your pc. maybe july or august. we know these companies are making fortunes, but we often have to be reminded why that is happening. it's in large part because of the solutions made possible by the ceo of nvidia.

i don't know how many of you remember the movie field of dreams? if you build it they will come. it was fiction. if you build a baseball diamond in a cornfield there's no way actual baseball stars would show up. you know what? jensen pulled a, if you build it they will come story. he built chips to build video games better which quickly became much faster than everything else on the market. for several years they languished as the non- promotional ceo. then one day his friend sam altman came to play ball. the rest was fantasy because it can't be reality. it was. chat gpt went so viral you can see what has happened by looking at amazing results of companies that embraced the superchips. there is just one problem. unlike microsoft or alphabet, nvidia the stock came out of nowhere. the idea that the company has a $2.2 trillion valuation is alchemy some sort of gossamer

gain that will be undone. unlike its fellow trillion errors apple, alphabet, and microsoft it does not seem right that a company could sneak in through the back door. it has been in business for 31 years. they don't know how long jensen has been working on the project. they don't know that he's the ultimate dues pair. i'm not asking you to believe that if he built it with all the earnest nature and optimism the companies will come, but don't doubt this doctors because he did not discover it one or two years ago. it is a couple hundred points from its high. i'm sure it will be suspicious that it goes much lower. they are working to try to create their own semi conductors. that is true. they could end up competing with nvidia although i can tell you the world is starved for nvidia wears right now. it is sold out before it even builds it. i say this.

open your mind about this amazing stock and its humble ceo. it might seem new to you but if you've been watching the show for a decade nvidia is no stranger. if you have not owned it for years, all i can say is what took you so long? there's always a bull market somewhere. i right now on last call, lights, camera , drama. huge shakeup in the works at paramount against a fast-moving development. out of whack. something that has only happened once in 34 years but it just happened again. i will tell you what that is. how a big move by the epa could jack up what you pay for electricity. call it an herb alert. herb greenberg sounding the siren on one big diamond company. he will be here to make the case. fork it ov.