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the playing field for all investors. There's

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always a homework at summer, and I promise

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to help you find it. May have

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money starts now. Hey,

1:41

I'm Kramer. Welcome to my money. Welcome to

1:43

Kramer. I'm here for my friends. I'm just trying

1:45

to make you a little money. My job, not

1:48

just to entertain, but to educate, teach you, so

1:50

call me at 1-800-743-CBC. Tweet

1:53

me at Jim Kramer. Now look, if you

1:55

took your cue from the action in meta

1:57

platforms, you would

1:59

have sold. big cat tech immediately. And you know what?

2:02

You would have been terribly wrong. That's

2:04

when this meta's trillionaire rivals, Alphabet and

2:06

Microsoft, reported two of the absolute very

2:08

best porters I have ever seen in

2:11

ages just last night. Now they

2:13

both spending like mad on all of social

2:15

intelligence and the cloud and search just

2:17

as meta is, but there's enough business

2:19

for all of them. Throw in some tepid

2:21

inflation data that kept the hopes alive for

2:24

a rate cut, and the market just roared

2:26

the Dow, gaining 150 points. Five,

2:29

five, five! S&P jumping 1.02%. How's

2:32

the price? And then the NASDAQ surging 2.03%. Oh.

2:37

I like that. That makes for a

2:39

good setup while you're doing this. Maybe

2:42

one of the toughest weeks we've seen in ages. And

2:45

that's because it's loaded with earnings, and we

2:47

have a Fed meeting, and also the later

2:49

report on Friday. I am already exhausted by

2:51

next week. Let's take the weekend

2:53

sequence, starting with Sunday night. You usually

2:55

don't do this, but Bill Whitaker from

2:58

60 Minutes interviews Jensen Wong, the

3:00

CEO of Invidia. Normally I wouldn't care about non-business

3:03

news shows, absolutely this time though. I bet it

3:05

could have impact on the stock, because so many

3:07

people are fascinated by Invidia that I think they

3:09

wanted to own it, and they want to know

3:11

more about it, and I say maybe be prepared

3:13

for a Monday bump from 60

3:15

Minutes. Now on Monday we hear from the

3:18

company I get the most questions about, and

3:20

it's called SoFi, S-O-F-I. This one's become a

3:22

torture stock, people, where the numbers keep getting

3:24

better, but the share price doesn't go anywhere

3:26

because of its convoluted balance sheet. We're issuing

3:28

equities added to earnings, but it crushes the

3:31

stock anyway. I think there'll be some mystified

3:33

analysts on the call, including those who'll ask,

3:35

okay, what does the President's Student Loan Forgiveness

3:37

Program have to do with SoFi's earnings to

3:39

profile? Now, I honestly don't know the answer

3:41

to that, so I'm gonna be listening too,

3:43

and I will fill you in. We

3:46

also get a flash from Domino's

3:48

Pizza, where newest CEO Russell Wiener

3:50

has really brought back the old

3:52

Pat Doyle magic. I expect one

3:54

more great set of numbers because

3:56

Domino's has execution second only to-

4:01

And that is a high bar. Tuesday,

4:03

wow. Okay, wait, don't you love this?

4:05

This is about losing weight, and this

4:07

is about gaining weight. Ha ha! Okay,

4:15

Tuesday we find out exactly how well the

4:17

GOP-1 diabetes and weight loss drugs are selling when

4:19

Eli Lilly reports. Now, I expect great numbers because

4:22

Lilly's constantly sold out of ZEPBAM, which is the

4:24

version of the drug aimed at obesity. Although

4:27

the lack of product might actually cause some

4:29

analysts to be concerned. In other words, they could actually

4:31

miss on the top of the line because they can't

4:33

make it fast enough. Now, we want to hear about

4:35

the procedure for more comments from the FDA on Lilly's

4:37

Alzheimer's drug. It's more important

4:39

even as Biogen's competing product is already starting

4:41

to get some traction. We're going

4:43

to be pressing Lilly to see something about that drug.

4:46

We do hear from McDonald's too, and I'd like

4:49

to think that they'll address how they raise prices,

4:51

perhaps too much. Hey, maybe they need to roll

4:53

them back. I think the

4:55

incremental series of prices has really turned off customers.

4:57

I don't think it's a great taste, although in

4:59

the end, we're Wendy's bacon in her household.

5:02

Also, on Tuesday, American Express. They got a full day

5:04

analyst video on the heels of what was one of

5:07

the greatest quarters where the stock just kept going up

5:09

and up. I bet this meeting will be a blockbuster.

5:12

Am I just doing everything right, okay? After

5:14

the close, we get results from a host of important

5:16

copies. See, Amazon will

5:18

be like fellow mega cap meta platforms where

5:21

heavy AI spending fell to stock, or it

5:23

will be more like Microsoft or Alphabet, which

5:25

gave you unbelievably good cloud numbers, so nobody

5:27

cared about the spending. Alphabet also put up

5:30

some excellent ad numbers for YouTube. I wonder

5:32

if Amazon saw the same thing from their

5:34

ad business. I know Amazon's spending like in

5:36

video chips, like there's no tomorrow, but these

5:38

guys don't do anything unless they know they

5:41

have the customers first. On top of that,

5:43

I'd like to find out if Amazon has

5:45

lowered the cost of sending packages to you.

5:48

By the way, that's the key metric for an upside

5:50

surprise. Starbucks reports? Oh, intriguing. We

5:52

were on 10 Rooks about this position.

5:54

Jeff Morrison and I, when we did

5:57

our same-store investing club Wednesday, have China

5:59

gotten better. Have they solved the throughput issues that

6:01

have dogged both breakfast and the afternoon? Will

6:03

they face up to the fact that

6:05

there are too many variations of coffees?

6:07

How's labor? Have the misdirected pro-Palestine boycott

6:09

subsided as people realize that Starbucks

6:11

has no connection to Israel? Can't

6:13

believe it's come to this. But

6:16

it did hurt the numbers last

6:18

time thanks to customer intimidation. I

6:22

know it's just China in my mind, but everybody's got

6:24

the whole gauntlet I just mentioned. Let's

6:26

see. I don't know the answer. I'm not

6:28

long in for the trust, and I'm nervous. Call

6:30

me nervous. Wednesday morning, we find out

6:33

about CVS and whether they've been able to

6:35

avoid the maelstrom of Humana, managed care, or

6:37

Walgreens, a drugstore chain whose stocks just can't

6:39

stop going down. It's a tough

6:41

road, not made easy by the fact of what I call

6:43

the theft epidemic. Maybe they

6:45

should have thought about that before installing

6:47

all those self-checkout kiosks. What's the role

6:49

of a drugstore when Andy Jassy from

6:51

Amazon is doing his best to take

6:53

the customers that go there and reorient

6:55

them to prime with many have

6:57

same-day delivery for these kinds of

7:00

things that they sell at CVS?

7:03

Fizure reports to them, we're getting used to this. I

7:05

want to see what the company's harvesting from its

7:07

acquisition of C-gen. That's the old Seattle genetics. We've

7:10

had an amazing anti-cancer franchise. We've seen what T-Tune

7:12

has done for Merck. I want C-gen to do

7:14

the same for Fizure, but that is its whole

7:16

order. We also get results from Marriott. And this

7:18

company's been a reliable source of outside surprises. I

7:21

expect the same thing this time. Now the analysts

7:23

just refuse to believe that Marriott's great numbers can

7:25

continue. I bet they will as people got a

7:27

much more travel-oriented society. Remember, we travel with less

7:29

goods, more travel, OK? You want a company that's

7:31

giving you endless earnings fees? It's a little

7:34

guy. I'm bringing it out, though, because I think you can still make money

7:36

on this way. Stop. I keep

7:38

thinking this stuff will go down so I can recommend it, but

7:40

it just won't. You know what? That's often

7:42

the way of a fantastic stock. On Wednesday

7:44

afternoon, Fed Chief Jay Powell shares with you

7:46

the musings of the Open Market Committee as

7:48

those dreadful press conferences. I suspect we hear

7:50

more chatter about rates staying higher for longer,

7:52

even as I believe from the empirical work

7:54

that I do, and anecdotal, frankly, that the

7:56

economy is weaker than most pink people think

7:58

in the month of August. I

8:01

think there are enough brown shoots, may have money speak

8:03

for signs of weakness, that we're at risk if the

8:05

Fed actually goes all conventional wisdom and starts

8:07

talking down rate cuts. That would be

8:09

bad for the market. I'm concerned the

8:11

Fed will stay too restricted because they

8:13

don't yet realize the economy has truly

8:15

started slowing. I think that it started

8:17

slowing just when they kind of gave up and thought

8:19

it would never start slowing. It

8:22

happens. And because when I say we have

8:24

Carvano, which we covered last week, the stock's in the move.

8:26

And there's a monster short position. I can't believe they didn't

8:28

cover it. That was foolish. I think it will cause a

8:30

short squeeze. And that will lead

8:32

to another way higher, even though the other used car companies did

8:34

not do that well. Thursday is

8:37

Apple Day. I don't even bother to mention

8:39

other companies because this is what matters. Now,

8:41

Apple is going to have a disappointment. It's

8:43

the most telegraphed disappointment in Apple's history. So

8:45

there's so much negativity that you have to

8:47

wonder if a shortfall is still a shortfall.

8:49

So it's a much compalment. A shortfall is

8:52

a shortfall is a shortfall. When everyone knows

8:54

it's coming, the stock's going to creep in

8:56

higher anyway. So it's getting further away from

8:58

my 160 downside target. Two things could help

9:00

the Apple cause. First, it could do a

9:02

rest of world ROW rubric, which would

9:05

jump. Yeah, let's lump all the countries

9:07

that aren't China or the United States together

9:09

and make people understand the scale of the

9:11

international opportunity, which is bigger than China. Second,

9:13

a tie-up with Nvidia that would help along

9:16

the Vision Pro as a piece of hardware

9:18

for the enterprise, not just the consumer,

9:20

would be terrific. Whole construction companies, auto dealers,

9:22

and realers would boost their sales if they

9:25

embraced it. But Apple is a

9:27

consumer company. They would have to change their stripes

9:29

and do what I just said. They should. Finally,

9:31

on Friday, we have the employment number. And you

9:33

know what? This one is real

9:35

tricky. If it's a strong number, we'll think that

9:37

the Fed never should have stopped raising rates. If

9:40

it's a soft number, we'll want to know why the

9:42

Fed talked about keeping rates higher for longer at the

9:45

meeting. It is what I call

9:47

fraud, not a way to end the week. But you

9:49

need to know it's coming. Bottom line, we have

9:51

to run another ridiculous call next week

9:53

that I have no idea how to

9:55

play out, but I sure hope it plays out like we saw

9:57

today. But I do think the economy's getting higher.

10:00

week or I just hope the Federal Reserve

10:02

has noticed. Fed, Brown

10:04

shoots. Why don't we start? Let's go

10:06

to Ryan in Virginia. Ryan. Who

10:09

you at, Jim? Shane, want to get your thoughts

10:11

on a retail stock that has been decimated? Is

10:14

the VF Corporation a falling knife or a

10:16

great company that's going to turn things around?

10:19

This is a very dicey one. I'll tell you why.

10:22

Because there's a guy in there,

10:24

back in Darryl, who is sensational. I

10:26

mean, just absolutely loved him at Logitech. He's

10:29

P&G. He's got real horse

10:31

sense. But we have to get a

10:33

clearing event. We have to see all the inventory

10:35

going. We do not have that done yet. Once

10:37

we get sure that all the inventory is going,

10:39

then I will probably sound the, bye bye bye.

10:41

I can't do it yet. I say

10:44

we go right now, clear across the country. I say

10:46

we go to Tyler in California. Tyler. Big

10:49

boy off from California. How you doing, Jim?

10:51

I think that was more than one person,

10:53

frankly. I'm doing well. How about you, Tyler?

10:56

I'm doing good. Thank you for

10:58

asking. Hey, what's your look on

11:00

Dexcom? Look,

11:03

I know Dexcom's great. I absolutely know that

11:05

it can be done in conjunction with the

11:07

GOP-1s, that it

11:10

is not the enemy of the GOP-1s. But

11:12

I don't want to have to defend it.

11:14

Because I have to defend someone. I

11:16

just finished defending Starbucks. He who

11:19

defends all, defends

11:21

none. All right, get ready for the

11:24

gauntlet next week. If the economy is getting worse, let's

11:26

hope the Fed is at least paying attention and not

11:28

throwing their hands up and saying, I guess we couldn't

11:30

do it after all. Man, money's right. Give them a

11:32

credit score. Why does your fight go never? Anyway, I'm

11:34

thinking in the corner to send the stock lower to

11:36

see if investors are getting popped in and get in

11:38

on this company because the stock almost never goes down.

11:41

Hey, then you call the Western Union. You know what I said I

11:43

had to do? I said I had to do a little

11:45

homework. It's under

11:47

research. I'm ready to turn in my homework

11:49

to help with Ben Stodom. And S&P Global

11:51

Turner saw a quarter years in to top

11:53

the street test. But I'm learning more about

11:55

what's working with the company's top risk. What

11:57

a top that is. So stay with. Cramer!

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You need Indeed. We've

13:39

got some work to do here because we've got

13:41

to figure out what the heck just happened to

13:43

the Fair Eisso Corporation stock, the analytics software and

13:45

service company best known for being the keeper of

13:48

the FICO score. After

13:50

a really hot start earlier this

13:52

year, the stock came down substantially over the

13:54

past few weeks thanks to worries about rising

13:56

interest rates, higher rates translating to less borrowing,

13:59

which means less business. for Fair Isaac theoretically.

14:02

Last night something interesting happened. The company reported

14:04

a fantastic quarter, a sizable top and bottom

14:07

line beat, with accelerating revenue growth. Match were

14:09

also raised their full year forecast across the

14:11

board. I loved it! Unfortunately the stock

14:13

got hit, pledging more than $80 for

14:15

almost 7% today because even though Fair Isaac

14:18

raised its guidance, it wasn't enough to catch

14:20

up with Wall Street's estimates. People

14:22

already expected a beaten raised quarter and

14:24

they're still very much worried about the

14:27

long-term interest rates going higher. So

14:29

could this be the buying opportunity we've waited for

14:31

for a high quality company that very rarely comes

14:33

down? Let's check in with Will Lancy to see

14:36

if Fair Isaac can get a better sense of

14:38

the situation with Lancy. Welcome back to Mad Money.

14:41

Thanks so much, gentlemen. Alright, so let's just deal

14:43

with this right up front. I mean to me,

14:46

all of your metrics were exceeded

14:50

and it was really a quite beautiful quarter

14:52

for FICA. We

14:55

agree. Well, I mean then

14:57

why do we, do you like my analysis that

14:59

perhaps you didn't raise, earnings

15:02

enough, estimates enough that they were unhappy?

15:04

To they being people really don't understand

15:06

your company as far as I'm concerned?

15:10

Well I'd say the part of your analysis

15:12

I certainly agree with is that there's a

15:14

buying opportunity here. That's the part I agree

15:16

with. And I agree also that the numbers

15:18

are fine. I mean we beat guidance and

15:21

we're, you know, we're we beat consensus and

15:23

we're happy with the results. I

15:25

do think that there's a little bit of an overhang from

15:28

from a fear of interest rates not coming

15:30

down quickly enough. Earlier in the year

15:32

certainly people thought the rates would come down sooner and

15:35

with lower rates come higher mortgage score

15:37

volumes which is good for us. So

15:39

any kind of postponement and rate decline

15:41

is always going to clip us a

15:44

little bit. But

15:46

generally we're very happy with the business. We're in a good

15:48

place. Okay, look, and I agree with you that it's the

15:51

higher for longer, trapped people, kids people who

15:53

I think are a little too small-minded about

15:55

your stock gets them to do something that

15:57

I disagree with which is not what... I

16:00

loved your stock. But I also have in

16:02

my hand a letter from a fellow by the

16:04

name of Senator Josh Hawley. Now I

16:06

was brought up by my mom and dad to think because there's

16:08

only 100 senators, you'd better revere him. But

16:10

when I read his letter, which was to

16:13

Jodhne Cantor, the assistant attorney general, he's talking

16:15

about monopolies. Well, there are more people doing

16:17

what you're doing than ever before. It's just

16:19

you have the best one. Why

16:22

can't this senator see that

16:24

that's what's going on? When

16:27

you are exactly right, I mean, we don't

16:29

have a monopoly. There are alternatives to the

16:31

FICO score. But what we do have is

16:33

the best score in the lowest cost and

16:35

best way of evaluating credit for a broad

16:37

population at the low cost. And

16:40

so there are people who

16:43

get concerned about our level of success because we

16:45

do have a lot of market share. And

16:48

we are widely used. Over 90%

16:50

of credit decisions in banks in

16:52

the US are driven by

16:54

FICO scores. So

16:56

there's a reason that people notice

16:58

it. But as you point out,

17:00

there are alternatives. And we're there because we're good,

17:03

not because we have some kind of special privileges.

17:05

Well, also, look, there was a period where a

17:07

lot of these upstart companies came on and that's

17:10

actually using the analog in the name.

17:13

They said, hey, listen, they don't do 360. They

17:16

just drilled out on one thing. You've got a 360

17:18

product too. From what I can

17:20

tell, it's better than anybody's. That's

17:23

exactly right as well. So you have

17:25

to distinguish between the scores and the software. We

17:27

have two businesses, scores and software. And

17:29

at the end of the day, what we try

17:32

to do with both of them is make these

17:34

superior credit decisions. The scores

17:36

is a low cost, broad population

17:38

approach. And the software says,

17:40

let's take into account lots more inputs into

17:42

the decision, a little more sophisticated, little

17:45

fancier, a little more complicated, and a

17:47

somewhat more predictive decision as a result.

17:50

We have both available. And so

17:52

it's important to compare apples with apples. There

17:55

are a lot of FinTechs who have new technology

17:57

for making credit decisions. Typically, they start with a

17:59

low cost. with a FICO score. And

18:01

then they build on top of that with whatever their secret

18:03

sauce is. Well, that's what I thought.

18:05

I mean, we discussed an outfit like an upstart.

18:08

I mean, no one's impeding them.

18:10

They could be in every bank if they

18:12

were better than you. I mean, I think

18:14

a setter may just look at the situation.

18:16

There have been more competitors that have been

18:18

created that tell me, listen, they've got the

18:20

algorithms and FICO doesn't. I understand

18:23

this maybe 10 years ago when the

18:25

competitors weren't around and you were the

18:27

best. Now, this is the most competition

18:29

I've ever had you see, and

18:31

yet you're winning constantly. And that's what

18:34

matters. That's

18:36

absolutely right. That is right. Look,

18:38

the FICO scores have been used for a

18:40

very long time. It is the most predictive,

18:43

low-cost way to evaluate the credit worthiness

18:45

of a large population. We do it.

18:48

We do it at low cost for our bank

18:50

customers. And what I'm

18:52

proud of is it enables us to get

18:55

credit into the hands of almost anyone who

18:57

can responsibly handle it. We score more people.

18:59

We get credit into the hands of the

19:01

people who deserve it. And

19:04

I'm proud of that. Well, the only reason I'm talking to

19:06

you is that your stock did get hit on the ladder

19:08

because people, I think, are a little unspecificated by your situation.

19:10

They seem to think that you make a ton of money

19:12

per mortgage. I mean, the fact is,

19:14

you take about 20 basis points. I mean,

19:16

you can't even see it. That's

19:21

also true. Now, it is the case

19:23

that mortgage scores, FICO mortgage scores are

19:25

pulled for almost every mortgage, both conforming

19:27

mortgages and nonconforming mortgages. But

19:30

the FICO score is a percent of the

19:33

total fees that a consumer pays for mortgages

19:35

is tiny, tiny, tiny, tiny. Now,

19:37

one of the things I did do over the

19:39

longest period of time was to see what's happened

19:41

when your stock has had this drop. And I

19:43

know you should be very proud every

19:46

single time when you have this big

19:48

a drop, it's been an amazing buying

19:50

opportunity. I don't see anything else other

19:52

than the fact that I think it was a mistaken

19:54

selloff. And I say that this is right. I know

19:56

you agree with me that, but I'm not kidding. You

19:58

know every single one of the. the sharp dips

20:00

has been accompanied by a multi-year rise.

20:03

And I think this is just another

20:05

one of them. JIM

20:07

HARTMAN I think that's exactly right. You're

20:11

spot on. Inevitably,

20:13

there's bumps and dips in the stock.

20:16

Ours has generally been up, up, up,

20:18

and up. And most people

20:20

have trouble getting a hold of the stock

20:22

because they find the PEA exorbitant. We

20:25

think that it's fairly price based on our future

20:27

prospects. But when you get a dip like this,

20:29

it's certainly an opportunity. JIM HARTMAN

20:31

One last question. You have not been

20:33

contacted by Mr. Cantor's office. Have you

20:36

the antitrust office? Ours No. No.

20:39

And I think it's probably worth pointing out that there

20:42

was an antitrust investigation by the Department

20:44

of Justice several years ago. And

20:46

we came out clean. I mean, there is not

20:48

anything inappropriate here. We're

20:51

squeaky clean on competitive practices. And

20:54

there's nothing to be concerned about. JIM HARTMAN Oh, that's true. Because that was

20:56

the only other thing I said was, well, maybe they reached out. And

20:59

we don't know about it. But I didn't think

21:01

I know you would have disclosed it immediately. You

21:03

disclose everything. You're totally up from company. Every

21:06

put-night answers to every question. So I want

21:08

to thank Will Lansing, Fair Isaac, Port President,

21:10

CEO. We love this stuff. This is our chance.

21:12

It's the first break. Ours Thank you. JIM HARTMAN

21:14

Thank you, Will. Good to talk to you. May

21:17

I ask you a second? Ours Good enough. You

21:19

asked and we answered. Thank

21:52

you. Last

22:07

Thursday night we got a call from Corey

22:09

in Washington. One thing about Western Union,

22:11

the 173 year old money transfer company. I had

22:13

to confess that I hadn't called this one for

22:15

a very, very long time. Aside from wondering how

22:18

the heck Western Union could have sunk to the

22:20

point where it now has a nearly 7% dividend

22:22

yield. So I promised

22:24

to take a fresh look at it and circle back in for

22:26

the company reporter over this week. Western Union

22:28

is a long story in history, but the

22:30

Western Union of today only regained its independence

22:33

after it was spun off by First Data Corporation 18

22:35

years ago. Back then

22:37

the company was mostly focused on cross-border money

22:39

transfers. Over time they've embraced new technology making

22:42

it easier for people to move money overseas.

22:45

After getting hit during the Great Recession, the

22:47

stock gradually made a comeback before peaking in

22:49

February of 2020, right before

22:51

COVID hit. Problem is, the

22:53

pandemic crushed international travel, which

22:55

meant much less demand for

22:57

these cross-border money transfers. Meanwhile,

22:59

Western Union faced all sorts

23:01

of old competition, including

23:04

from cryptocurrency. After

23:06

peaking at $28 in 2020, the stock

23:08

came down to 10 bucks

23:10

in March of last year. Now during

23:12

the period, Western Union has never stopped

23:14

struggling to take control of its own

23:16

destiny. In 2021, they sold a

23:18

non-core business to business unit, and then they

23:20

put in a new CEO from Pfizer, a

23:23

great company. His name is Devin McGranahan.

23:25

About a year later, he laid out

23:27

a new strategy to combine the company's

23:30

long-separated technology and retail money transfer

23:32

business. In the old days, people

23:34

would just go to Western Union

23:36

to make single money transfer. Now

23:38

they're trying to embrace a more

23:40

relationship-centric business model with their tech

23:42

offerings like digital banking services keeping

23:44

customers engaged between visits. Basically, they've

23:47

been losing shared arrival fintech place,

23:49

so they decide to get in

23:51

fintech themselves and use their huge

23:53

network of stores to give them

23:55

an edge. Now At the time, Western

23:57

Union was realistic about the fact that any kind of term.

24:00

It would take some time stay answer to

24:02

someone from seen so far so Tobar twins

24:04

were to still pretty modest targeting two percent

24:06

read rebuilt by Twenty Twenty five pair with

24:08

operating margin roughly in line with what they're

24:11

already doing science and mid single digit Bernie

24:13

Square. I know not exactly him

24:15

for his impressive. Not a high bar

24:17

but at least in numbers wouldn't be

24:19

shrinking anymore. Since. Was later the south.

24:21

Finally did manage a bottom.

24:25

So I'm were ugly quarter and over

24:27

the past thirteen oddbins, it's worth it's

24:29

weight from ten dollars and thirteen thousand

24:32

seats. So why is was humans we'd

24:34

better of late. Simple. The stabilization plan

24:36

is most. Impact. On Wednesday

24:38

nights. the company just words it's fifth

24:40

solid to good quarter in a row.

24:44

Less. Visitor deliver a top and bottom

24:46

line beat reiterated for your focus less

24:48

allies, they're not a top bar. My

24:50

be couple of the race for guests

24:52

were soon gave you the same kind

24:54

of be raised last October. By. The

24:56

beginning of the Zero. Nice guy. Said some real

24:58

accomplishment was used for your Twenty Twenty

25:00

Three Numbers were much better than what

25:03

the of my initial guys that they

25:05

provide. October Twenty Two I do for

25:07

your Twenty Twenty Three Rivers with them.

25:09

Four percent on costs incurred Sebaceous. They're

25:11

operating margins Heyman as the middle of

25:13

what's a god of war and their

25:15

earnings per share came in at a

25:18

whopping dollar Seventy four Measure Reserve, Brazil,

25:20

Brazil virally bucks. Sixty. Retail.

25:22

Stores as was flat your rear was

25:24

revenue growth of one percent again for

25:27

were soon Fly is an improvement. New.

25:29

Residual customers grew by thirty. Percent

25:32

disappeared this. Is as rubber let

25:34

present double digits. Company also rolled out and

25:36

new digital wilde offerings along with debit cards.

25:38

And Lenny services in several this

25:40

amorphous and they made. Progress on

25:43

the cost cuts to. Set

25:46

said. When. What's your pores?

25:49

Fourth Quarter numbers roughly three

25:51

months ago was recent losses.

25:53

Because. While the sales would better than expected

25:55

the Earth were merely in mind. It's a

25:57

three. Three quarters of Big Upside surprises me.

26:00

Warrior forecasts for Twenty Twenty

26:02

Four also seen lackluster. But.

26:04

With this new Assyrians, Advice as

26:06

Ceo Devon Mcgregor hands is clear. Accompanying

26:09

likes the under promise with his guides

26:11

and then over to live with Sacks

26:13

results you pot sure up. On Wednesday

26:15

night this company reported a pretty good

26:17

first quarter was posted. a slate mother

26:19

beach with a three percent growth on

26:21

causing thirty basis and they are forty.

26:23

five cents per share was a reason

26:25

for just forty one. That's silly five

26:28

percent. Agree with again not to impress

26:30

him in the grand scheme of things,

26:32

but pretty darn good for something is

26:34

widely regarded as and no growth. Business.

26:37

Western. Union. Also. Raises

26:39

for your revenue. Every sport is pretty

26:41

substantially is now looking like twenty twenty

26:44

four will be in up here And

26:46

responses thought initially sword you start freedoms

26:48

as got dragged down by negative take

26:50

this address the and that's the first

26:53

assistant them with two percent. Today

26:55

the stuff bounce them fit but it's

26:57

still for. Where was the for the quarter? As

26:59

hell like that. Now is

27:01

a step back. I say

27:04

the entire didn't Wear shoes more money

27:06

transfer business is they get combat or

27:08

a total transactions growth in Fourth Quarter

27:10

vibes had now been positive reinforcement. Course

27:12

meme other brands deserves his actions. Instances

27:15

the been growing at a double digit

27:17

clip over the same period. Oh good.

27:19

So. Where do I come down on

27:21

were suing first. I. Agree with

27:24

podium washes, there's legitimate turn going on.

27:26

Years as a new s your new management. He

27:28

was You deserves credit. For

27:32

me he it all happened. I also

27:34

liked the sexes, the stock those mean

27:36

very cheap. Currently selling for less is

27:38

a Times Reporter mattress for your eyes

27:40

for him. I like that this. Was

27:42

can't really expensive? The. stock has an

27:45

excellent israel's it's a widget seven

27:47

percent payouts and i think interested

27:49

as where she was bounce hit

27:51

the spot overtime up with something

27:53

grind higher the similar no real

27:55

surpasses her run ever in their

27:57

surly and and any setbacks so

27:59

far So if for some reason

28:01

you're in love with Western Union, I

28:03

think you can justify buying here, but,

28:05

and this is a big but, it's

28:07

not a position that I'd be excited

28:09

about. I definitely wouldn't recommend it with

28:11

a reclamation project at Western Union over

28:13

a payments company with real growth and

28:15

a nice, exciting future. Like, say, American

28:17

Express. For some perspective, Western Union's working

28:19

toward a target of 2% revenue growth

28:21

and mid-single digit earnings growth next year.

28:24

Amex, long aim for 10% plus

28:26

revenue growth and mid-teens earnings growth. You figured which

28:28

one you like more. Visa imported a nice quarter

28:30

the other day and it shares that a solid

28:33

pop over the long haul. Visa and MasterCard have

28:35

been much better performers than Western Union. But

28:37

by the way, those two also

28:39

have plenty of cross border volume. So let

28:41

me give you the bottom line. Western

28:44

Union, is it a turnaround story? Absolutely.

28:47

Can the stock go higher from its current

28:49

to press level? I think so. But in

28:52

the end, I think you can do better

28:54

with a Visa or a MasterCard, or

28:56

most certainly an American Express. Let's

28:59

go to Joe in Georgia. Joe. Booyah

29:01

Kramer, long time listener, first time

29:03

caller. Fantastic, Joe. How are you

29:05

doing today? I'm

29:07

doing great. I've got a question about

29:10

MasterCard. I really like this stock and

29:12

I'm a little apprehensive about buying again

29:14

at these levels. What do you think?

29:16

Should I buy in now or wait

29:19

for a pullback? I think this is, I mean, I saw

29:21

it the other day they were here ringing the bell. I

29:24

think this is a terrific level. I think you

29:26

should buy some here and then wait. And

29:29

buy some lower, but MasterCard is a sensational stock man, a

29:31

lot of money for it for the travel trust and

29:34

should never have sold it. That's what my

29:36

highest couple. I think Western Union is a

29:38

turnaround story that they can make money

29:40

with. It will go higher, but I think

29:42

you can do better. The payments, watch where we have money at.

29:45

We're all about making money here. And sometimes there

29:47

are companies that fly to the radar that can

29:49

bring you some big returns. I think S&P

29:52

Global fixed that mold and I'm breaking down the

29:54

company's quarter with

29:56

the excellent CEO. That's one thing we

29:58

stayed this week. week from

30:00

being a complete meltdown. I'll reveal what it is

30:02

and how you can get it in reaction. And

30:05

of course, Oryo calls Rapid Fire in tonight's edition

30:07

of the Lightning Round to stay

30:09

with Raymer. Every

30:20

earnings season of all sorts of

30:22

high quality companies perform good course, but

30:24

the stock is still on the fly

30:26

under the radar. Why? Because there's just

30:29

too much information to process. Take S&P

30:31

Global, which is mainly a ratings agency

30:33

for the bond market, but also runs

30:35

all the S&P and Dow Jones indices

30:37

on top of all sorts of offerings

30:39

about market intelligence, insurance, money matters, needs,

30:41

and live by. Yes, Shaimori S&P Global

30:43

reported a strong top bottom line beat

30:45

with management also ratings of four-year forecasts.

30:48

But because the blockchain, the action was

30:50

so ugly yesterday, well, the stock only

30:52

managed to rally a half a percent before

30:54

tackling another tiny game today. You know what? I

30:56

think this is a quarter that deserves more attention,

30:58

especially with the stock still down more than 5%.

31:00

This is a high quality company. Don't take it

31:03

from me. Let's dig deeper with Doug Peterson, who's

31:05

the president and CEO of Anthony's Global person I've

31:07

known for a very long time to find out

31:09

how things are going. Well, Doug, first of all,

31:11

thank you for coming on the show. Thank you.

31:13

It's always an honor to be here. Thank you

31:15

so much for having me. You're very kind. I

31:17

always have to start with the fact that you

31:19

have this amazing ratings business, but each time I

31:21

see you, you have more and better other

31:24

businesses you've added, even in

31:26

the times since I see you last. Talk

31:28

about some of the new things you've got.

31:30

Well, as you know, we did the acquisition

31:32

of IHS market and brought in an incredible

31:35

portfolio of businesses. We brought in the fixed

31:37

income indices to put together with S&P Dow

31:39

Jones indices. We've got this energy suite, which

31:41

includes incredible conferences. We have all the information

31:44

you need about alternative energy, about what's happening

31:46

in hydrogen markets, as well as price benchmarks.

31:48

And then the market intelligence business, we have

31:50

13 million prices now that we can put

31:52

into all of our products and services.

31:55

Well, this is really important because there's

31:57

a lot of, uh, of, of, oh,

31:59

paint. analysis is done and

32:01

then there's your empirical analysis for instance

32:04

we often hear about private credit and how

32:06

they're doing but they are we should be

32:08

relying on them you actually have been smart

32:10

you actually have the numbers well we have

32:13

the numbers in this is one of the

32:15

highest growth areas for last quarter we grew

32:17

that business fifteen percent because not only do

32:20

the actual investors themselves the private credit managers

32:22

want more information about their own credit portfolio

32:24

to look at concentration sort of the lp

32:27

the lp they're looking for information so

32:29

our ratings business benefits from providing the

32:32

private credit analytics securitization analytics and

32:34

then in our lp business we're providing

32:36

through eye level information for all of

32:38

those lp about the portfolio and we

32:41

we can apply all that pricing

32:43

it technology have to that what's inside

32:45

those credit portfolios it's a win-win for

32:47

us to look at excited about what

32:49

people know this when you have these

32:52

things uh... even in my time the

32:54

management of the numbers they just want

32:56

to take a look at the always is worth

32:59

acts that is unfair and you busted that which

33:01

is terrific at the same time we got a

33:03

bit of the ih s you come into that

33:05

market every energy markets again against something

33:07

we got me worldwide now we're dominant

33:10

and you become the soul

33:12

single soul source of truth

33:14

for all the big institutions very quickly

33:16

well when you think about the energy market

33:19

this is one that is you say

33:21

it's quite opaque but it's also going

33:23

to a massive transformation you know one of

33:25

the things i think that every single

33:27

companies in energy company now everyone's know what

33:29

your energy footprint what your carbon analytics

33:31

do you have a net zero pledge

33:33

is that net zero pledge something that anybody

33:36

can ever get to we're providing the

33:38

kind of data and analytics that allows

33:40

you to run your company's energy company understand

33:42

those analytics do all of the energy

33:44

transition financing side of it so we

33:46

put together something goes from financing side

33:48

of the energy side to the pricing

33:50

side across the entire business from multiple

33:52

investment will be able to say look at

33:54

the in the interest in the s g is

33:56

died out it may not be

33:59

as per the but it Mean it's may

34:01

do you have to have it, You can't

34:03

just say oh, nobody cares about it right

34:05

now. That's not the way it works. Word

34:07

a third inning slope and we still got

34:09

the many more in the innings to go

34:11

and his teeth. And right now all of

34:13

focus has shifted to energy and it's shifting

34:15

to environment, is shifting to climate, to carbon

34:17

analytics to carbon markets And this is where

34:19

we play really important part through what we

34:21

are with True Cost an acquisition we did

34:24

many years ago when we built through the

34:26

combination of class and the energy business for

34:28

my chest. So we have those analytics. You

34:30

need to be able to do the as

34:32

she will have over three thousand and companies

34:34

to give us information about their own. He

34:36

has she factors that we can use to

34:38

help the market understand what's happening. Well I

34:40

think the all these people you to say

34:43

was the issuance ah yes bias and see

34:45

if there wasn't an issue is now but

34:47

you still have a very big issues business

34:49

and issues really on fire full a last

34:51

quarter or what we call bid build issuance

34:53

when it by forty five percent in our

34:55

transaction revenues when I'm sixty four percent. So

34:57

the ratings business revenues last quarter were up

34:59

twenty. Seven percent overall and the margin

35:01

was a very very substantially not his

35:04

for ratings for the entire company. We

35:06

had fourteen percent top one growth across

35:08

the company organic growth and we had

35:10

a twenty seven for said he ps.

35:13

we had a really really phenomenal quarter

35:15

know how to find different acquisitions versus

35:17

can Show was something. it was interesting

35:19

and I you make sense you'd really

35:21

profit business school. Can Show was goes

35:24

back five or six years ago we

35:26

had a vision that artificial intelligence was

35:28

gonna change the way people. Did their

35:30

work. We thought that it wasn't gonna change

35:33

rules and jobs but it was going allow

35:35

you to automate things that were underneath what

35:37

you didn't make you smarter and work faster.

35:39

So we've seen up playing out. There was

35:41

so we've had since when the company for

35:44

over five years and we build a can

35:46

show layer of machine learning and analytics using

35:48

textual data to turn it into actual data

35:50

you can turn into and being able to

35:52

make decisions on. and now we're applying that

35:55

to generate to the ice. We have a

35:57

whole generative I road map including products that

35:59

we started. Building and an internal platform.

36:01

We go for ourselves. so we have

36:03

our own internal platform. By keeping our

36:05

proprietary data inside of our firewalls, we

36:07

can bring the models in and then

36:10

we're not losing our intellectual property. That

36:12

is sure if it, and I think

36:14

people should understand that it is. You're

36:16

not idle. you are creating things all

36:18

the time. It turns out that we

36:20

needed that we didn't know we need it. Will

36:23

with that we think that there's always gonna

36:25

be some angle of data and analytics that

36:27

we need to we want to get ahead

36:29

of. As an example, we actually have an

36:31

orange. The team this looking is what we

36:34

call D Fi. It's Digital Finances his friends

36:36

and Stable Coins. We now have a team

36:38

that assesses the quality and the risk of

36:40

stable coin. Ah where's Aca The go? Renowned

36:42

small but we want to be on the

36:44

leading edge of things like this. We can

36:47

be as the leading edge of energy transition

36:49

of of does digital Finance what's happening and

36:51

Private Credit is Sarah. This this is are

36:53

Vicious V on the cutting edge and then make

36:55

sure we protect all of those businesses We have

36:58

their so strong other so great because there's so

37:00

many of our viewers. one be an odd date,

37:02

they just don't want to be bitcoin, they want

37:04

to been crypto. But the stable point is the

37:06

big issue because we know that is so parents

37:09

are able to get good informational stand. Where

37:11

we have a we have a criteria for

37:13

things like a rating criteria has moodily thirty

37:16

four different criteria that you have to be

37:18

able to understand to judge the quality that

37:20

they brooklyn. So we have a stable core.

37:22

The suffer Now we're also rating digital bonds.

37:25

What? You are yes if they're did

37:27

your bonds out there. We have a

37:29

reading criteria for Digital Barnes as they're

37:31

using in any kind of a digital

37:34

told old are I regard you as

37:36

the great equalizer between the limited partner

37:38

or the customer and the company that

37:40

is doing thing because the government itself

37:42

doesn't have the tools were actually division

37:44

that you have about what people really

37:46

want to see what. They also was

37:48

where they're going. You were trying to

37:50

stay a step ahead sort of things

37:52

we do don't a silly work out

37:54

but we gotta stay. Ahead of the

37:56

markets and have this or Indian investment

37:59

and wilson. that our business requires

38:01

us to continuously improve our relationship

38:03

with our customers. We have

38:05

to add value, bring better technology. We've been doing

38:08

a lot of launches across our products the last

38:10

couple of years to make them better and easier

38:12

to use all the time. People should know, I

38:14

sold a business to Doug multiple years ago and

38:16

it's been treated very well and that's why I

38:19

do know him. You

38:21

are an upstanding business person and a great person

38:23

to deal with. Thank you so much. Thank you so

38:25

much. That is Doug Beers, President and CEO of

38:27

S&P Global and it's a terrific staff name on the

38:29

team. show.

39:00

We're going to start with Hutch. Hey

39:08

Jim, it's Hutch. What's

39:11

going on partner? See

39:14

what you think about Celsius holding. I'm

39:16

liking Celsius, it went down because of monster

39:18

but the problem with monster really the win

39:20

for Celsius and I only had four of

39:22

them to say. Just four. I

39:25

cut back. Let's go to Brian in Texas. Brian.

39:28

Boo yah Jim, it's a pleasure sir.

39:31

Right back at ya. Was wondering

39:33

what's your thoughts on

39:35

Shloom Burger. This was a bummer ruining the

39:38

fact that it's fatty cole. I mean I

39:40

gotta tell ya SLB did not deliver. I

39:42

feel terrible because I like the company very

39:44

much but it was weak. Actually Halliburton did

39:47

better. That's saying something. Don't forget we like

39:49

Kotorra for the Chapel Trust.

39:51

How about we go to Rhonda in

39:53

Kansas. Rhonda. Hey Jim. How

39:56

are ya? I am good how about you? I

39:59

am well Jim. Diamondback

40:01

Energy. Bang. It

40:04

is so good. I should have met that along with Kotora. Diamondback Energy.

40:08

I swear that was a bad idea. Like a bull bear debate earlier on.

40:10

It's on our show, our network. And

40:12

then it kind of came out and said, well, maybe it's good and maybe

40:14

it's bad. No, it's great. All

40:17

right. Let's go to work here. Let's go to,

40:20

um, Edna in New York.

40:22

Edna. Who

40:24

are you, Mr. Kramer? Who are

40:26

you? I don't know what's happening. How

40:28

are you? I'm doing well. I have to

40:30

be tracing my shares of Kotora.

40:33

And I still have shares of PXD.

40:36

Would you recommend that I sell or wait

40:38

until I get Exxon? Oh,

40:40

darn it. Exxon stock was down today

40:42

and it hurt, Pioneer. I want you

40:44

to k-ching, k-ching, okay? You can k-ching, k-ching and

40:47

you get to the Kotora. You get

40:49

to the Kotora, man. I think it'll be good for you. I

40:51

need to go to James in New York. James. Hey,

40:54

Jim. I'm calling. Bert, I love your show. Huge fan. You

40:56

made me a lot of money over the years. Yeah. I

40:59

would love your thoughts on the next big thing

41:01

in the fight against cancer. I called you before

41:03

it was approved, but now it's been approved, Booyak.

41:05

And Teva, Community Bio. Yeah, I know. I think

41:08

someone's going to have to pick them up. I

41:10

mean, Chris, everyone needs to think. Look

41:12

at what Merck's done. Look at how much money Merck's

41:14

made. Merck is a great, honest company. Rob Davis doing

41:16

a terrific job, but I agree with you. I am

41:18

with you. I am with you, partner. Let's go to

41:20

Lowry in Oklahoma. Lowry! Boo

41:24

Yaski, Jim. Oh, good job. I want to

41:27

ask you. I want to ask

41:29

your opinion on a company that's dropped 15% in the

41:31

last month, made a recent deal

41:33

with Oracle, and its earnings come out

41:35

again on May 6th. You know who I'm

41:37

talking about. I was here.

41:39

I like pounds

41:41

here. But you know what? They've become

41:43

uncommunicative for me on the show. That doesn't

41:46

bias me. I am a fine man. I'm a

41:48

good man. But I wish they'd come

41:50

on because I do like to suck. Let's go

41:52

to Josiah in Florida. Josiah. Yeah,

41:55

I have a question. As far as

41:58

BRV, did I see many upsets? and

42:00

downs on it. Yeah, it is up to down.

42:02

That's why if you want the insurance business, I'm

42:04

going to send your progressive. I think progressives

42:06

better. And that, ladies

42:08

and gentlemen, is the conclusion

42:10

of the Lightning Round. The

42:14

Lightning Round is sponsored by Sorrow

42:16

Swab. Coming

42:19

up, Kramer puts a bow on

42:21

the Dows wild week. Don't start

42:23

your weekend without hearing his final

42:26

Friday thoughts. Next. We

42:37

know what's say this this week. The

42:40

demand for artificial intelligence input that boosted

42:42

the portions of Alphabet and Microsoft. The

42:44

demand for AI is so strong, it's

42:46

reverberating throughout the whole country. You know,

42:48

triggering data center revolution, use construction everywhere,

42:51

a growth of power use that hasn't

42:53

happened in years. Most important, the need

42:55

for semiconductors. Traders laptop, Broadcom and Supermicro

42:57

and Arm Holdings. Those are all good

42:59

analogs, but the most notable move of

43:02

them all came from

43:04

what's become, I think, one of the

43:06

most controversial stocks in the entire market.

43:10

The stock of Nvidia. Case in point,

43:12

size. Nobody seemed to think it mattered all that

43:14

much when Alphabet stock passed the $2 trillion mark,

43:16

right? I mean, surely it's been weak lately, but

43:18

when a company does a $70 billion buyback, gives

43:21

you a 20 cent quarterly dividend, it's only fair

43:23

for the stock to rally 10%. It's been around,

43:25

though. It's fun, but these levels of work are

43:27

totally irrational. Microsoft's

43:29

been the market out the dog for ages.

43:33

Ever since Apple's iPhone sales stalled, the critics

43:35

dismissed it as a no-growth company. When Microsoft

43:38

talked about its artificial intelligence business, we learned

43:40

about how that it gave the Azure Cloud

43:42

division an astounding 7% boost. That

43:45

is incredible. That's open AI

43:47

and chat GPT. Microsoft also has a terrific co-pilot

43:49

product that's taken the world by storm. And

43:52

by the way, you might not know it,

43:54

but pretty soon it's going to come to your PC,

43:56

maybe July, maybe August. We

43:58

know these companies are... making fortunes.

44:02

But we often have to be reminded

44:04

why that's happening. It's in large part

44:07

because of the solutions made possible by

44:09

Jensen Wong, the CEO of NVIDIA. I don't

44:11

know how many of you remember the

44:13

movie Field of Dreams? If you build it,

44:15

they will come. It was fiction. You

44:18

build a baseball diamond in an unicorn field, there's

44:21

no way that actual baseball stars will show

44:23

up. But you know what? Jensen

44:25

Wong pulled a, if you build it, they

44:27

will come. Story. It's

44:30

real. He built chips originally

44:33

to make video games look better, which quickly

44:35

became much faster than anything else in the

44:37

market. For several years they languished as the

44:39

kind non-promotional CEO built it. And nobody

44:41

came. And then one day his

44:43

friend Sam Altman came and played ball. The

44:45

rest is almost fantasy because it just can't

44:47

be reality, can it? No, it

44:50

was. In months,

44:52

chat GPT went so viral that you

44:54

could see what just happened by looking

44:56

at the amazing results of the companies

44:58

that embraced Jensen Wong's super chips, including

45:00

the two last night. There's just one

45:02

problem. Unlike Microsoft or Alphabet, NVIDIA, the

45:05

stock, basically, came out of nowhere. The

45:07

idea that this company has a $2.2

45:09

trillion valuation just rankles people. Chicago's alchemy

45:11

is some sort of customer gain, a

45:13

fruit that will eventually be undone. Unlike

45:15

its fellow trillionaires, Apple, Alphabet, and Microsoft,

45:17

it just doesn't seem right that a

45:19

company could sneak into that esteemed group

45:21

through the back door. It's like people think NVIDIA

45:24

didn't pay its dues, even though it's

45:26

been in business for 31 years. They

45:28

don't know how long Jensen has been working

45:30

on this project. They don't know that he

45:32

is the ultimate dues payer. I might

45:35

ask you to believe that if Jensen built it

45:37

with all the earnest nature and optimism, the companies

45:39

will call the hyperscalers and come. But

45:41

I am asking you to stop galleying just because

45:43

you only discovered the stock a year or two

45:45

ago. Now, NVIDIA still has plenty of

45:48

critics. This stock is about 100 points from its

45:50

high. If It doesn't take out that

45:52

high, I am sure that it will become suspicious

45:54

that it will go much lower. That's what the

45:56

technicians would say. These Customers are all working to

45:58

try to create their own semiconductors. True, they

46:00

might even end of compete with the

46:02

video. although I can tell you the world

46:05

is free videos were right now it

46:07

is sold out of much of what it

46:09

makes Before it even feels I say this.

46:12

Open. Your mind about this amazing stopped

46:14

and it's Humbles Joe. Sure, it might

46:16

seem new to you when you've watched

46:18

his show for decades. Invidious, no strangers.

46:20

And if you haven't owned it for

46:22

years now, all I can say is.

46:25

What? Took you so much. Alex

46:27

has always mortgage summer concert by just see

46:29

or hear Made Money. On Jim Cramer see

46:31

a Monday. Last Call starts at. All

46:37

opinions expressed by Jim Cramer on this

46:39

podcast are Silly Creamers opinions and do

46:41

not reflect the opinions of Cnbc. Nbc,

46:43

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46:45

and may have been previously disseminated by

46:47

Kramer on television, radio, internet, or another

46:50

medium. You should not treat any opinion

46:52

expressed by Jim Cramer. As a

46:54

specific inducement to make a particular investment

46:56

or follow a particular strategy, but only

46:58

as an expression of his opinion. Kramer's

47:01

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47:03

reliable. The neither Cnbc nor It's affiliates

47:05

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47:10

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