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to help you find it. Mad

1:18

Money starts now. Hey,

1:23

I'm Kramer. Welcome to Mad Money. Welcome

1:25

to Kramer, America. I'm doing my friends. I'm just

1:27

trying to make you a little money. My job

1:30

is not just to entertain you, but to explain

1:32

all this to you so calmly at 1-800-743-CMC. Excuse

1:34

me, Jim Kramer. Milestones

1:37

might seem arbitrary, but they can

1:39

tell you a lot about what works in a given market. Today,

1:42

while the S&P dipped 0.21%, Nasdaq edged down 0.26%, the

1:44

star of the show is the Dow Jones Industrial Average,

1:49

which briefly crossed above $40,000. Before

1:54

pulling back a bit, you're closing down 39 points. So

1:57

that's a huge leap from

1:59

where... Arrived in dao thirty thousand

2:01

back in November. Twenty one. It. Sooner.

2:03

What? I. Think is

2:05

worth exploring what stocks God has

2:07

here of why. During. His

2:10

career with costly been told the taxes the market

2:12

leaders are want to look at the top ten

2:14

sox her up the most er en del strip

2:16

than thirty thousand forty thousand first prize good point

2:18

to the sec. Real sick of hearing rights issues

2:21

for it's all that matters but that's played a

2:23

smaller role than expected to only. The tenth

2:25

thought. Brilliance. Impacted.

2:28

Instead. It's at odds with

2:30

the main thing these companies have

2:32

in common is very strong, exceptional

2:34

manage. Let's. One thousand we

2:36

can learn what's the market really

2:38

once you're. A. Nice is sick

2:41

about this even though we didn't close

2:43

above forty thousand. This is what matters

2:45

First is American Express of one hundred

2:47

percent says Dell. Thirty thousand staff. What

2:50

we can say: Sacking came from post

2:52

Covered Travel Nice your boom right? Makes

2:54

sense. Amazon been major beneficial. The woman

2:57

money short on time seizes up where

2:59

people question how they were living their

3:01

lives. Was his travels you the road

3:04

for coated Made the recognize. Their.

3:06

Own Mortality. Or

3:08

know what to look at. A tip as eleven. Or get

3:11

busy dying Want to put sourcing terms?

3:14

Funny. Out also jumped because the rise

3:16

of work from home. Super supportive of a

3:18

push. What camaraderie? Go out for dinner with

3:20

colleagues, have to work or have really any

3:22

for you for that matter. Either

3:25

way this that's a big part of

3:27

what Americans prices been become. We're but

3:29

you know what happens this of say

3:31

about Steve Spurrier. He's the Ceo got

3:33

the top job six years ago. I

3:35

think his this isn't worth the younger

3:37

people. Millennium jersey ears as potential customers

3:39

has ignited card using given Amex tons

3:41

of new customers with a tremendous lifetime

3:43

value this generation came up with or

3:45

mind comparison shopping separately from birth they

3:47

would say they want barges. their single

3:49

scoring knows if we give him a

3:52

good deal using seats of as long

3:54

as you. offer a lot of person

3:56

i service and a robust points system

4:00

It's more of a second is Caterpillar of

4:02

98% of the same period. Again,

4:04

there's an obvious reason for success. All the

4:06

federal infrastructure money that's on the way. And

4:08

again, the obvious does matter, but the

4:11

secret sauce behind this move has more to do

4:13

with the success of Jim Umpleby, the terrific unassuming

4:15

CEO who's been to Helms in 2017. When

4:18

Umpleby took over, he made a

4:20

decision to de-cyclicalize Caterpillar, make it

4:22

less of a boom-bust industry while

4:24

focusing on returning capital shareholders via

4:26

buybacks. He also decided to

4:28

diversify away from China in retrospect. Like, come

4:31

on, what a brilliant move. These

4:33

days, data centers and energy are the big movers

4:35

for the stock of Caterpillar. Now, the analysts have

4:37

been very slow to recognize these changes with many

4:39

fighting the stock tooth and nail all the

4:42

way up. I say, oh,

4:44

he's done the unthinkable with this

4:46

one big, cynical stock that he's

4:48

turning into a semi-secular growth story.

4:51

Third Microsoft 97% rally got plenty

4:53

into a CEO such an Adela's

4:55

decision to go all in on

4:58

his cloud infrastructure business called Azure.

5:00

Oh, it was a gutsy bet going up

5:02

against Amazon for Web Services, wasn't it? But

5:05

it's paid off. Most recently, the aggressive posture

5:07

toward AI with the big investment in open

5:09

AI has put Microsoft in pole position, some

5:11

say driver's seat, and artificial intelligence race. It's

5:13

one of the few companies besides Nvidia that

5:15

has an actual AI profit center. Fourth,

5:18

David Solomon's taken some real heat for some

5:20

of his term at the helm of Goldman

5:22

Sachs, but the stock is giving a

5:24

96% gain for a mistake during the Dow's run

5:26

from 30,000 to 40,000. Those

5:29

of his few negativity are way out of

5:31

whack with reality here. By returning Goldman to

5:33

its roots, focusing on the wealthiest of the

5:35

wealthy while staying on top of M&A and

5:38

IPOs, he's quietly giving some gigantic gains. He's

5:40

rolling back the previous agenda when the company

5:42

was trying to pivot to the consumer, regular

5:45

people, which blew up in their face because,

5:47

well, that was never what the Goldman slacks

5:49

was about to begin with. He used to

5:51

be rough around the edges, but he's a

5:53

good business person who knows when to cut

5:55

his losses. I'd prefer quality that you rarely

5:57

see on the arrogant Wall Street. Davis

6:00

and this man is lit a fire

6:02

under Merck. He's pressed his bet on

6:04

the company's amazing cancer franchise, Keytruda, but

6:06

more importantly, he's taken those oncology profits

6:08

and used him to make acquisitions to

6:10

bulk up the pipeline. Merck shut down $11.5

6:12

billion for a Celeron with his cardio

6:14

franchise and then $10.8 billion

6:16

for Prometheus, which has a promising immunology

6:19

profile. And these two

6:21

takeovers will help them cope

6:23

with Keytruda losing patent protection

6:26

in 2028. That great management's given

6:28

you the stock of the 71% gain since

6:30

November 2020. The only one that would be

6:32

substantially lower if these Davis acquisitions hadn't been

6:34

made. Six chevron CEO Mike Worth

6:37

puts his shareholder front and center. This company

6:39

pays an outsized dividend with consistent growth, which

6:41

makes its stock the bluest chip in the

6:43

integrated oil space. Some would say the best

6:45

thing he's done is go after Hess and

6:47

the deal is being challenged right now by

6:49

regulators. I think the best thing worth it

6:51

was to not overpay for an article. He

6:54

let that very expensive acquisition go to Occidental

6:56

petroleum, which almost ruined it, worked for Warren

6:58

Buffett. Chevron stock would have rallied over 68%

7:01

since November 2020. If he'd foolishly

7:04

won the top bidding war for that property, it'd

7:06

be much, much lower. It was just, it wasn't

7:08

luck. He knew. Seven,

7:11

there are many reasons why I say own

7:13

Apple, don't trade it. We saw one of

7:15

them during the run from Dow 30,000, which

7:17

is the triumph of their service revenue stream.

7:20

The remarkable Malcom Bowl thinks you pay for

7:22

Apple for once you've been ensconced in the

7:24

ecosystem, just keeps growing and growing. Given the

7:26

amazing customer satisfaction, you can extrapolate the service

7:28

revenue stream into a lifetime value per customer.

7:31

And you know that the cell phone purchases

7:33

is just the beginning of the profits. All

7:35

right, still in over dependence on China. I

7:37

get that, which is why Apple's expanding aggressively

7:40

into other areas with big population centers.

7:42

I look in the end, I think Tim Cook's done

7:44

a remarkable job. He's improving some

7:47

products and inventing others. You got to

7:49

like it. Eight Jamie

7:51

Dimon, the CEO of J. Pemorian is a

7:53

great banker. What Else is supposed

7:55

to say? He's got a great banking team, barely makes mistakes.

7:57

He's got a tremendous loan book. The Stock still has a

7:59

lot of money. It's

8:01

running for city worker since November. Twenty

8:03

were like the zebra to nice. To

8:05

the most part these were safety pin

8:07

on the Federal Reserve. I was a

8:09

travelers. The Be insurance company has benefited

8:11

mightily from higher interest rates which dramatically

8:13

increases profits. It's a good run right

8:15

are dominating certain lines, but I think

8:17

it's investment portfolio was the main driver

8:20

for the more than sixty percent gain

8:22

over this period. Finally, When.

8:24

I examine the United Health Food inside

8:26

of his fifty five said rally I come

8:28

back with two reasons: One, Seemed

8:31

to get the cost of healthcare under control

8:33

and seal off them. Their health services on

8:35

is incredibly lucrative. I would. I wouldn't know

8:37

how to roll back price increases here. sadly.

8:40

health care inflation seems like he did. The

8:42

bottom line To me, this list is emblematic

8:44

of the fact. That we should spend a

8:46

lot less time put the soon upset. So.

8:49

I feel begin for hours and a

8:51

lot more time discussing management and miss

8:53

it. That. Long

8:55

term as that's what makes the difference.

8:58

Was good at Eric in California. Eric.

9:02

Just saw gym at.

9:05

Author: Or years from California are I

9:07

was going on Our. Odds.

9:10

It's a give me your opinion

9:12

about oh no, a Groupon. Wanted

9:15

to be like years of all time. Low

9:18

density that is correct is like

9:20

and. It's corrected. It's

9:22

like Groupon. Holy cow. I

9:24

mean Groupon. Now I mean,

9:27

I. Know why a aids got a

9:29

little game here this year? I would

9:31

take it but soda Joe in Florida

9:33

Joe. Hi Jim!

9:36

To our let you know that

9:38

I'm a product club member. There

9:40

we go out your stuff. Thank

9:42

you man! I'll keep working for

9:44

you to book a breeder. What's

9:46

going on to use p A

9:48

super steelmaker in America? Their. First

9:50

quarter earnings fell short and for

9:53

this corridor providing week god it's

9:55

he had a couple weeks game

9:57

your show the new course Ceo

9:59

said. twenty twenty four will be

10:01

a very good year the

10:03

stock in the last six weeks

10:05

tell almost thirteen percent since it's

10:07

high is just talk about

10:09

thank god i'm okay but watch it you

10:12

know it's a bit bullpen i'd

10:14

get watch i were talking about it today there's gonna

10:16

be a level we feel more confident in right here

10:18

because we still think that there are grades of steel

10:21

that are coming down but it will be a quilt

10:23

spring with the fed starts cutting so you gotta think

10:26

well for close was close but

10:28

for rocker new york rocker rocker

10:38

rocker you're up all

10:40

right i thought i was on the i thought i

10:42

thought okay for some

10:45

part of a long time with their i'm

10:47

really curious on our your opinion on that

10:49

it's not already easy i think i'm not

10:51

by my i think it's one of those

10:53

companies like pictures that is now part of

10:55

the bundle of what advertisers want their reaching

10:57

the right people when you can get them

10:59

and people age up in that day i

11:01

think it's a terrific terrific stock i really

11:03

like reddit i want to go to the

11:05

right new jersey beer hello

11:09

jim yeah how are you know

11:11

michael of course long time fan and

11:14

caller okay which we are club members

11:17

yes my friend and i knew everyone

11:19

should learn and you know what but

11:21

and i know hard you know what's

11:24

up okay i

11:26

am much older than you but still learning

11:28

you are okay teacher that's okay

11:32

my question for you is on a m d

11:34

by cell or hold a m d

11:38

job i think you're going to resolve revise up

11:41

how many of these tpu of the really good ship she's

11:43

going to have and how much you're going to sell i

11:45

think you buy a m d here right this

11:48

list that i've just put together is the perfect

11:50

reason why maybe we should stop obsessing about the

11:52

fed all the time baby start listening what

11:54

the companies are telling us and doing

11:57

the fact that we're calling the top

11:59

part management Come here, buddy, guys.

12:01

What footwear stocks are good fit in this tape?

12:03

I'm telling you which names I think you keep

12:05

running. And

12:08

Kraft checks up over 260% since last January. So

12:11

I'm checking out some charts that are

12:13

defending further growth for this cyber power

12:15

out. And don't miss out

12:17

on one software stock that I

12:19

think is headed still higher in

12:22

the changing ad market. So stay

12:24

with Kramer! Don't

12:32

miss a second of Mad Money.

12:34

Follow at Jim Kramer on X.

12:36

Have a question? Tweet Kramer. Hashtag

12:38

Mad mentions. Send Jim an email

12:40

to madmoney at cnbc.com. Or give

12:43

us a call at 1-800-743-CNBC. Miss

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14:31

has been a good stock

14:34

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14:36

and moving this now down

14:38

almost 35% of its all-time

14:40

highs this December. They're

14:42

not just weighed down by unusual worries

14:46

about the tapped out consumer. They're

14:48

also struggling with endless competition. Well

14:52

women's up against

14:56

a host of smaller fast-growing athletes. These are

14:58

brands like Agap's Athletic or Levi's Beyond Yoga

15:00

among others. They have to put more money

15:03

behind Beyond Yoga. As a result

15:05

this business has a growth problem. NetSuite is looking

15:07

at one or two percent revenue growth this year.

15:09

We only

15:11

got 11 to 12 percent growth when

15:13

they gave you their full year forecast in March.

15:16

Wall Street wanted 14 percent. Last year was 19.

15:18

I remember it was even much higher than that.

15:20

So where oh where can you find growth in

15:22

this group? Tonight I want to highlight two

15:24

growth stocks in the athletic footwear and apparel

15:26

space that are still working that I don't

15:28

talk to you enough about on holding

15:31

and you know I like them very much.

15:33

The parent of the red hot, I mean

15:35

like smoking, on

15:37

footwear and apparel brand and then Decker's Outdoor

15:39

which we like for a hokel running shoe.

15:41

Although it's also got Uggs and Tevas. When

15:44

all reported this spectacular quarter earlier this week it

15:46

showed you that some brands are just working a

15:49

lot better than others. But first let me set

15:51

the scene. On rally like crazy earlier

15:53

last year climbing to the mid 30s before pulling

15:55

back with the rest of the growth cohort last

15:57

summer and into the fall. It dropped to the

15:59

mid 20s. expected when we look at the

16:01

revolution of magic the dark thing was still

16:03

stuck around twenty five bucks even though one

16:06

holding to just held bullish analyst day whether

16:08

or not some ambitious long-term financial parties they

16:10

said they were doubled their sales in twenty

16:12

twenty three twenty two six for heaven's sake

16:14

how's that for growth fit in

16:17

the stock from running with only a couple of

16:19

interruptions along the way the last couple times reported

16:21

in november and march the stocks hold off response

16:23

even though i thought they did well and eventually

16:26

the market is to come around because the stock

16:28

bounced right back both times thank heavens as i

16:30

pushed it both times but with

16:32

the part of growth stocks sell off in

16:34

march and april on holies came into earnings

16:36

this week on a week note having fallen

16:38

thirty six dollars in early april all the

16:40

way down to thirty change on monday night's

16:43

close before they reported the next morning so

16:45

the marco's quote off guard when it went

16:47

on turning a gem of a quarter keep

16:49

in mind this is a swiss company so

16:51

their numbers are all in swiss frags still

16:53

they deliver twenty one percent revenue growth it

16:55

would have been twenty nine percent on a

16:57

constant currency basis madrid said their excellent growth

16:59

was fueled by strong demand including major momentum

17:01

for the direct consumer channel which includes

17:03

both their online store and

17:05

a growing footprint of retail locations remember

17:07

that moment went to him where he

17:09

was really great where did they last

17:12

summer direct to consumer sales are up

17:14

thirty nine percent year-over-year forty nine percent

17:16

of constant currency basis that is gigantic

17:18

especially as direct to consumers more profitable

17:20

given that you cut out the middleman

17:22

speed of profitability on course margin came in

17:25

at fifty nine point seven percent up from

17:27

fifty eight point three percent a year ago

17:29

on the doorstep of the medium-term target which

17:31

is sixty percent remote earnings

17:33

for interest taxes depreciation embersation what

17:35

twenty seven percent year-over-year net

17:37

income more than doubling versus last

17:40

year one more is

17:42

by thirty three swiss cents yes this

17:44

walsh was looking for fourteen the

17:48

strength here is incredibly broad based with better

17:50

than expected sales in the america's in asia-pacific

17:52

the two key growth reasons up fifty two

17:54

percent and seventy six percent respect the money

18:00

sponsored athletes like that hello beer

18:02

just one of us a marathon for

18:04

the second consecutive year covered head to

18:06

toe in on here to its new

18:08

product watches which are performing well to

18:10

its shell strategy where those direct consumer

18:12

numbers were incredible to my closet where

18:14

my wife has tons of these now

18:16

on holding only maintains for your forecast

18:18

of at least thirty percent net sales

18:20

growth and gross margin around sixty percent

18:22

while talking about quote a commitment to

18:24

ongoing properly increases on the

18:27

other hand that also said there quote

18:29

remaining prudent in light of the dynamic

18:31

macroeconomic and consumer environment and quote hello

18:33

that's why they didn't raise their forecast after

18:35

strong first quarter result that was the only

18:38

reason i'm still on board over

18:40

the stock coming into the quarter cold the strong

18:42

results were not to send stock up eighteen

18:44

percent on tuesday i know those games and best

18:46

two days with this break out on three the

18:48

highest levels is the first few days of twenty

18:50

twenty two and you know what i don't think

18:53

it's anywhere done at the end of the by

18:55

the way the picture of this in the back

18:57

of the wrong if it will

18:59

they're kind of already if you look at

19:01

the similar growth prospects yet but we're slash

19:03

of power space right now i can only

19:05

think of and this is my application out

19:07

yet deckers outdoor but i mean don't keep

19:09

track that is a pair of multiple brands

19:11

of status right now i talk about companies

19:13

chip principal growth engine and that's the whole

19:16

kabir hok which is the running shoe brand

19:18

like soon to be coming their top-selling brand

19:20

to people don't use it just to run

19:22

and i know that now that there's yet

19:24

to report we're gonna get the results of

19:26

week from now you can't have a

19:28

disclaimer because you never know how any individual quarters

19:30

going to go i certainly don't want you to

19:32

buy this one and the court that's not our

19:34

game to make money but i do expect a

19:37

strong set of numbers from deckers thanks to all

19:39

that this morning's you've been is going

19:41

to be twenty three million sales back in fact

19:43

twenty nineteen fiscally or to get this i'm pretty

19:45

good one point seven eight billion in

19:47

sales for the fiscal twenty twenty four that's

19:49

fantastic growth i'd act for rented march others

19:52

hope that a company annual growth

19:54

rate of fifty one point four

19:56

percent over the past five years

20:00

The wonder parents have been getting the stock from

20:02

513% of the same period. That's

20:05

how real money's made.

20:08

We'll see what Decker's has to say about

20:10

Hoka next week. But if you look over

20:12

the last three quarters, the numbers have been

20:14

great. Just like on holdings, their direct consumer

20:16

business is growing like crazy. They're also expanding

20:18

aggressively overseas with a lot of success in

20:20

Europe and China. You don't hear many other

20:22

footwear apparel plays talk about those two regions

20:24

as the source of strength. And by the

20:26

way, have some real staying power. So

20:28

what's the catch with these two growth footwear stocks? All

20:31

right, now this is where it gets really important. They're

20:34

expensive. They're really

20:36

expensive. On holdings sells for over 33

20:38

times next year's earnings estimates. Decker sells for 25

20:41

times next year's numbers. But you know what? You

20:43

have to pay up for outsized growth. And

20:45

these companies can deliver it. One

20:47

point in this market values growth again, which

20:50

means these stocks can work. Let me give

20:52

you the bottom line here. Even when the

20:54

footwear and athletic apparel space is a nightmare

20:56

for most of the industry, you

20:59

can still find great brands that are winning

21:02

like the ones that belong to on holdings

21:05

and Decker's Outdoors. And you know what?

21:07

I bet they keep winning. May have

21:10

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22:23

the average making new high. Class.

22:27

As a sort of rebels who was

22:30

appointed to them are upset morons argues

22:32

for now salt marsh Naples was this

22:34

or worse places to us. And that

22:37

that wouldn't be able to click is racism,

22:39

suits and many. Commentators even photos to

22:41

steal ourselves the radar. It's something they

22:43

keep doing up. By the way they

22:45

don't stop the room that put but

22:47

a few is of We started seeing

22:49

more more brown sucess signs of slowing

22:51

economy. My terms can slow the loves

22:53

the said go easy on us into

22:55

Betsy give us the rate cause we

22:58

want so badly. When we got the

23:00

call it a spasm surprises us Media

23:02

seats improved everything. I've been toying with

23:04

the influences coming down because the car

23:06

is probably true for the sophomore is

23:08

this is actually. Good. News him

23:10

not Seems like bedrooms because the more been as

23:12

big as the users who said that race months

23:14

said source couldn't will. You can see an upswing

23:17

coming a mile away from one tries to get

23:19

ahead of. it. was what the rallies bit about.

23:21

So now we're back in an environment where the

23:23

Fed is it's not. Our President Lee Silver is

23:25

a me. All. Sorts of formerly red

23:28

hot sauce said working for the wanted her

23:30

tits and most upsets that's what's in it

23:32

will go off the charts for the help

23:34

of a guy with a red hot hand

23:36

that stamp his passes his reputation for ages

23:38

souter stock market mentor host of his own

23:41

party as the Feds factor don't forget late

23:43

January he power the table and video is

23:45

super microbes to the best man for himself

23:47

reserve even are simply pullback more to nibble

23:49

suddenly is the board recover from pretty substantial

23:51

take get this is one of the greatest

23:54

who's ever Jewish the always those the by

23:56

Goldman Sachs and. As a has been are

23:58

wrong. Now. this purpose he likes

24:00

what he's seeing from CrowdStrike. The

24:02

cloud-native cybersecurity company run by George Kirsh that

24:04

supported excellent quarterback at the beginning of March,

24:06

we'd like that for ages. Then a couple

24:09

weeks later, they announced a big partnership with

24:11

Nvidia. They're using AI to build automated cyber

24:13

defenses for the enterprise. Of course, by the

24:15

time we got to mid-March, growth stocks had

24:17

gone out of South, which is why

24:19

Wall Street didn't care and the stock pulled back hard,

24:21

even though nothing was wrong. We're finally bottoming on April

24:24

19th. Since then, though, it's rebounded from 280 to 339.

24:26

So what does Fitz see here? What

24:29

does he like? Take a look at

24:31

CrowdStrike's weekly chart. When you take the long

24:34

view on this one, you can see this

24:36

stock's been on a tear since its lows

24:38

in January of 2003. I'm

24:42

sorry, 23. Wow. Up more than 260%.

24:44

Look at this. This is, I

24:46

mean, you can't see exactly how big this is.

24:48

This is a monster run here. It's had a

24:50

phenomenal move. But consider the big picture for a

24:52

second, all right? Fitz

24:55

thinks it's only just begun

24:57

its next leg higher. Either of this

24:59

remarkable run, he points out that CrowdStrike

25:02

has spent the last two and a

25:04

half years setting up what's known as

25:06

a cup and handle pattern. Very reliable.

25:08

It's a U-shaped bottom, in

25:11

this case, written by someone with bad

25:13

handwriting, followed by a period where the

25:15

stock trades in a tight range, either

25:17

going sideways or slightly lower. See that's

25:19

what it's doing right there. And that's

25:21

what makes up the handle. Cup. Handle.

25:26

Why do we care about drawing pictures on the chart? Because

25:29

a cup and a handle pattern is one of the most

25:31

reliably bullish configurations you can find. It's my favorite. Once you

25:33

get to the handle, the stock tends to break out to

25:35

the upside, and then you get a major move. So again,

25:37

so here's the cup, here's the handle, and when you get

25:39

to about this point in the handle, it goes like that.

25:43

In the case of CrowdStrike, Fitz points out that

25:45

the stock plunged nearly 70% from its high in

25:48

late 2021 to its trough in January

25:50

of last year. Pretty deep cup. Then

25:52

the stock reversed course and started moving

25:54

higher. A year ago, the 10-week moving

25:56

average went above the 40 weeks. See,

25:58

remember, we had these crossing situations that

26:00

people love so much in that chart

26:02

business, that's a bullish crossover because

26:05

it's another reliably positive pattern. Sure

26:07

enough, CrowdStrike had a tremendous run over the

26:09

past year, printing a new all-time high in

26:12

March. By the way, this company has never

26:14

missed eternity, not once. Of course, it doesn't

26:16

hurt that it is a company with unbelievably

26:18

strong execution. And I've got to tell you,

26:20

the stunning numbers we have seen from it

26:22

in the last quarter just tell me, look

26:24

out to the upside. This says this is

26:26

a textbook sign of institutional buying right here,

26:29

big buy, because institutional

26:31

buying is only what drives stocks higher.

26:35

This is just all smart money. That

26:38

March high completed the cup part of CrowdStrike's Cup

26:40

and Handle. Then I got the handle. It's a

26:43

prolonged period of not so hot action where the

26:45

stock nevertheless stays in a fairly tight range. There's

26:47

the handle. According to Fitzpatrick, now take

26:49

a look at this. This

26:52

sets the stage for the next leg hour,

26:54

as you can see in the daily chart.

26:56

So now we're going to the daily. All

26:58

right, we got a shorter term view. He

27:00

noticed that CrowdStrike's extended pullback was a 50-day

27:02

moving average last month, occurred on relatively light

27:05

buying, light buying pullback

27:07

right there, which means that these moves

27:09

don't last. So the pullback is

27:11

going to be shallow. There was only

27:13

one high volume day, that was on

27:15

April 19th. There was the peak right

27:17

there. All the weak hands

27:19

got washed out right here, and now it's in

27:22

strong hands. That's how I bought them. Since the

27:24

April 19th low, the stocks rebound more than 20%.

27:28

And I like to sell off. This is a higher

27:31

volume rally, institutional buying, and

27:34

physically this is marked by really, really

27:36

concentrated big money. At this point, CrowdStrike

27:38

said 329. He thinks he's got a

27:40

sewer resistance at around 360, which

27:43

is where the stock peaked in March. But it might

27:45

not be a firm ceiling. That high was nearly two

27:47

and a half months ago. So you got to wonder

27:49

whether how many traders are eager to sell their stock

27:51

at these levels now that it's running again. Remember, those

27:54

most likely to sell have already headed for the hills.

27:56

The weak hands shake it out Right

27:59

here. So.

28:02

That we as the strong hands across Arkansas

28:04

pillow five percent this is can be blue

28:06

sky third choice as those is that includes

28:08

a hurdle of three sixty. his buddies going

28:10

to be smooth sailing to get this. Four

28:12

Hundred And Thirty. Five hour

28:14

levels because when you get a company and

28:16

pattern stops tend to rally by as much

28:18

as they sell through. the previous decline in

28:21

that would take crash three to four hundred

28:23

and thirty dollars up nearly ninety bucks from

28:25

was poetry. Of course, this type of measure

28:27

move isn't foolproof. Way. You'd

28:30

be surprised how of work. What?

28:32

If this is one. Of those been

28:34

kids about the upper lobe about robbing to

28:36

eighty students that would put it violates that

28:39

level said he says he got a stroke.

28:41

Questions whether the have the option that that's

28:43

the way. So. A technical now

28:45

says worse. but the bottom line which are

28:47

super by deemphasize resisted Krauss rights next like

28:50

ours is just city sorry as bad as

28:52

such the lot more and run in this

28:54

new market as he. He's probably right. And

28:56

as far as the fundamentals. Wow.

29:00

This. Is the rivers rivers

29:02

and delivers I one cause.

29:04

I want John from Illinois.

29:06

John. Grammar

29:09

or. It takes

29:11

for all your dedication does home gamers and

29:13

thought audible yeah Obama who you're right back

29:15

in thank you for that. I shouldn't try.

29:17

we're halfway obvious. Cloud

29:20

swear. it's one of my favorite since

29:22

two Thousand and seventeen. I started by

29:24

the day when you recommended it edited

29:26

by added more bless your fifty seven

29:28

and now what about one hundred and

29:30

out there to the seventies. Earnings was

29:32

good it's of the revenue died was

29:34

like. i like what they're

29:36

doing so by more here shot at

29:38

are no advice knew i was always

29:40

a little prefer by the last quarter

29:42

because of the other redditors the why

29:44

i also know that they were white

29:46

for aca my anywhere life for fast

29:48

so without us he was caught on

29:51

the cost of living at work now

29:53

i'm i haven't had a fantastic security

29:55

business insider out as the cost the

29:57

delivery service but that's different religious has

29:59

sunset boulevard Also in another quarter,

30:01

I just don't feel good after that revenue

30:03

break down. And I think the next one is

30:05

going to be better. Alright, the George's

30:07

server by hand is not just a browser he

30:09

can ask for a hire, he's just getting

30:11

started. And I am in agreement. In this

30:13

new market, I bet he's right. What's wrong

30:16

with my head? What am I checking with

30:18

this? Great! After new partnership with

30:20

Netflix, then it stops soaring. Then, are

30:22

you plopping your portfolio with inflation fighters? I've

30:25

got the names the consumer can count on,

30:27

the ones you should like. Any others? Raggy,

30:29

rest, no tax. Or you're close. Grab a

30:31

part. Snack station. Line your mouth. What

30:46

was the biggest story in the White-Up world? I

30:48

knew your radar yesterday afternoon. While

30:51

everybody was busy celebrating the record average

30:53

that we got, we had

30:55

found something out that I didn't see coming.

30:57

We got some news from Netflix's upfront event.

30:59

They tried to convince advertisers to place ads

31:01

on the platform. So that's what we found.

31:05

Netflix is working with Kramer Faith, but

31:07

it's crazy. It shows a

31:09

virtual marketplace connecting advertisers with digital real

31:11

estate, also helping them improve their targeting.

31:13

Now, I've been following this company since

31:15

it came public in late 2016, recommending

31:18

it repeatedly over the years to you. We've

31:21

also had the Trade Desk co-founder and CEO Jeff

31:23

Greener on the show many times. It was mostly

31:25

about 11 months ago. In a

31:27

nutshell, the Trade Desk platform helps

31:29

match advertising dollars with digital destinations.

31:32

Often, you'll see the advertisers turn over their

31:34

entire digital advertising budget to the Trade Desk.

31:37

Knowing that's how we'll get the best bang

31:39

for the buck. Often, they

31:41

could have chosen Google and said they would with

31:43

the Trade Desk. At the

31:45

same time, the Trade Desk also gets hired

31:47

by digital platforms to help attract advertisers, which

31:49

of course they can do because they control

31:52

so many advertising budgets. And they

31:54

have the data to show you exactly

31:56

which sites are the most effective places

31:58

to put up ads. With

32:00

Netflix they're doing a little better helping the

32:02

more in advertisers. Yesterday Netflix announced its

32:05

plans to launch an in-house advertising technology

32:07

platform by the end of 2025 saying

32:09

it's working with trade desk Magnite and

32:11

Google's programmatic advertising subsidiary to make it

32:14

happen. So Google's still in there. Previously,

32:16

they're working with Microsoft's advertising analytics division

32:18

I think they've found greener pastures Investors

32:21

seized on the trade desks involvement is

32:23

particularly important because this is a proven

32:25

Outfit with a good track record and

32:28

that's why the stock jumped 4.7% yesterday

32:30

tacked on another 2.2% today after several

32:32

analysts extolled the significance of this Netflix

32:34

deal There's the obvious benefit

32:36

which is the trade desk getting more

32:38

business of Netflix, which is paying them

32:40

to attract ads But remember this company

32:42

also works with advertisers They have a

32:44

two-sided marketplace so the Netflix deal helps

32:46

the other side of the business too

32:49

They now have another high quality digital

32:51

destination. They can finesse for their advertising

32:53

customers Morgan Stanley's research department was particularly

32:55

effusive this morning saying that the Netflix

32:57

selection of trade desks And I quote

33:00

speaks to the increasing importance of

33:02

the trade desk within the advertiser advertising-based

33:04

video on demand ecosystem and quote They

33:06

also know that this is the fourth

33:09

new or expanded partnership in the trade

33:11

desk landed Just in the past two

33:13

months following recent announcements from Disney

33:15

and Roku and yes Comcast subsidiary

33:17

NBC Universal parent company this never

33:19

why is Nancy also points out?

33:22

I'm gonna quote the potential for

33:24

a Netflix trade desk partnership had

33:26

been a major point of debate

33:28

among investors as Bears believed a

33:30

streaming platform at Netflix scale might

33:32

attempt to circumvent third-party ad tech

33:34

entirely Well,

33:38

sorry short the trade desk is just

33:40

in way Okay Taking

33:43

multiple new deals that could be usually beneficial to the

33:45

numbers in the quarters or years to come and I

33:47

know it's moved up But I'm telling you this is

33:49

a winner and it could come down you can buy

33:51

You know what the trade this was already doing pretty

33:54

well before all this These

33:56

guys just report a little over week delivery. That's

33:58

really stellar quarter 28% year-over-year

34:00

growth, that's a market acceleration from 20 to

34:02

25 percent growth that they saw in the

34:04

four quarters of 2023. On top of that,

34:06

coming post-in-4 cent earnings beat on a 22-cent

34:08

basis isn't just a revenue growth story. 13

34:10

percent earnings growth. When you look at the

34:12

earnings for interest, taxes, depreciation, and depreciation, they

34:15

were 49 percent year-over-year.

34:18

And that is stellar. On top of

34:20

that, management gave us very bullish guidance

34:22

for the next quarter. CEO Jeff Green

34:24

attributed the robust results to, and I

34:26

quote, the continued strong growth of Connected

34:28

TV, end quote. That's streaming, as well

34:31

as, quote, the growing ubiquity of

34:33

UID2, end quote. Now, that's referring

34:35

to the company's unique consumer identification

34:37

system, which is one of the

34:39

best tools that advertisers have to

34:41

target specific groups of people. The

34:43

trade desk controls the UID2 system,

34:45

something that's increasingly valuable in a

34:47

world where privacy rules make it

34:49

much harder for apps or websites

34:51

to track you. Additionally, Green cited,

34:53

I quote, new approaches to identification,

34:55

end quote, and, quote, greater deployment

34:57

of first-party data and retail data,

34:59

end quote. And he said that

35:01

with significant AI advances in our

35:04

Kokai platform, we are better positioned

35:06

than ever to deliver premium value

35:08

to advertisers and continue to gain

35:10

market share, end quote. That just

35:12

is terrific. Beyond the specific

35:14

Netflix announcement or the strong quarter, I

35:17

like the trade desk because it's one

35:19

of the best pure plays on a

35:21

huge sector theme. The continued movement of

35:23

advertising dollars from legacy media channels. It

35:25

had been radio, it had been print.

35:27

Now it's, jeez, it's regular

35:30

TV. Wow. Tore digital. We're always

35:32

on the lookout for this way to play this

35:34

team. And by the way, that is one of

35:36

the reasons why we had read on the show

35:38

this week. You know, I think that's terrific. Mentioned

35:40

that earlier. And it's why we followed Pinterest religiously.

35:43

Had them on the show just last night. But

35:45

I think the trade desk is arguably maybe the

35:47

best option out there. It's a pitch and shovel

35:49

play for effective online advertising. One more point. If

35:51

you want to understand what makes the trade desk

35:53

so powerful, it's because over the past few years,

35:55

this company emerged as a true third power in

35:57

digital advertising. Look, for a long time, you. really

36:00

only had Google, which includes search, Gmail,

36:02

YouTube, and a colossus of a programmatic

36:04

advertising business. Then there was metap platforms.

36:06

That's Facebook, that's Instagram, that's Reels, that's

36:08

WhatsApp. It was a two horse race. But

36:12

you know what? Advertisers

36:15

obviously don't want to be

36:17

hostage to two incredibly powerful

36:19

companies. They're eager to

36:22

turn to somebody else for parts of the digital

36:24

advert budget. And that's where

36:26

the trade desk comes in. It's

36:28

the non-aligned Switzerland movement of online

36:30

advertising. Plus, the trade desk keeps increasing

36:33

its reach to more and more digital

36:35

channels, including now Netflix, while the consumer

36:37

identification system goes perhaps the best way

36:40

to offer customized ads. They're a real

36:42

rival at this point, which is why

36:44

I find it so odd that

36:46

the regulators have started going after

36:48

Google for supposedly monopolizing this business. They would have

36:51

had a much better case if they didn't wait

36:53

until their trade desk to become a legitimate third

36:55

party player. Hey, they're the third player. Now let

36:57

me tell you something Justice Department, I know you're

37:00

terrific, but maybe you should rethink your case, given

37:02

how powerful the trade desk is. So here's the

37:04

bottom line. Yes, you'll be learning that Netflix is

37:06

using Kramer Pave the trade desk in its in-house

37:09

ad tech platform, which has sent this stock to

37:11

a new 52 week high. I think that's great

37:13

news, but frankly, the company gives us great news

37:15

all the time. That's why I think if it

37:17

comes back at all, and it could, because we

37:20

had a big reversal again today, the trade desk

37:22

can keep working its way higher. And hey, Jeff

37:24

Green, it's been nearly a year since we had

37:26

you on. Come on back. Tell us what else

37:28

is going on besides this Netflix feel. Tell us

37:30

about all the things that are going right. We

37:32

have money is back. It

37:42

is time for the Lightning Round. And

37:47

then the Lightning Round is over. Are you ready? See you

37:49

guys on the Lightning Round. Let's start with Dave

37:52

in Illinois. Dave. But

37:55

Dr. Kramer, yesterday your daughter

37:57

was on set wearing Walmart

37:59

combats. Can you tell us

38:01

about that? Well, she said they cost

38:03

very little and they were as fast as any she

38:05

ever saw when she went to Parsons, Dave. That's good

38:07

enough for me. I told Doug McMillan that's good enough

38:09

for him. He'd be the CEO. What's happening? Sounds

38:13

good. This

38:15

$190 billion consulting company is

38:17

down 20% since the reporting

38:19

second quarter results in

38:21

March. You might agree

38:24

that Accenture is a sub-optimal stock

38:26

for now, but with future AI

38:28

deployments, should we wait for green

38:30

shoots to sprout? So,

38:33

Jim, please reassess Ms. Bellman-Sweet's leadership

38:35

at ACN. Boy, Dave, I'll tell

38:37

you. I sold the downgrade yesterday

38:39

too and I couldn't believe all

38:41

the way down here they downgraded it. And I was

38:43

thinking maybe it's Tindall picking up the stock, maybe it's

38:45

IBM, but I'm with you. I think Accenture is too low.

38:49

Professor, I think SAP is better. Let's

38:51

go to Anthony in... I always service

38:53

down more too. Let's go to Anthony

38:55

in Washington. Anthony! How

38:58

you doing, Kramer? Not bad. How about you, Anthony? I

39:01

appreciate everything you do. I've been listening to you for a

39:03

long time. Long time. Oh, fantastic. I want

39:05

to say everybody I know, we follow you. I'm averaging

39:07

50% gains a year thanks to you. That

39:10

being said, I found one where my

39:12

clients turned me on to the ticker's

39:14

O-U-S-T. Do I got something hot? Oh,

39:17

man, that's a Lidar play. I tell you, I've not

39:19

been recommending any of those EV plays that are

39:21

losing money. They do a lot of autonomous vehicles,

39:23

but I can't go there because I'm not recommending

39:25

stocks where they just have not been able to

39:28

even get near a profit. Let's go to Russell

39:30

in Texas. Russell! Howdy,

39:33

Jim. Hey! Calling

39:35

from the great sprawling DFW Metroplex.

39:38

Oh, I'm glad you're here. We love your

39:40

sense of humor. Thanks for the entertainment and the good

39:42

advice. Thank you. I'm talking about

39:45

a Texas-based company in Irving, Texas. This

39:47

bodacious bull is up over 150% year to date. Can

39:52

this bull give Tough Heataman another smack

39:54

in the face? The company is VST.

39:58

VST? I've been joking about this. this

40:00

stock with Ben, Ben Stono who runs research and

40:02

we have to do work on it because this

40:04

thing's been such a rocking ship I can't just

40:07

say it's moved too much I gotta learn it

40:09

better I'm going to Thomas in California right now

40:11

Thomas Traibert,

40:13

Booyah, Ahoy from the San

40:16

Francisco Bay You are a

40:18

lighthouse beacon in the winter north

40:21

Atlantic with storm-caused mariners Thank you

40:23

for keeping our ships off the

40:25

rock PCG, what do you like,

40:27

Moby Dig here? Huh? PCG,

40:30

it's fire season out here Oh, I've

40:33

been, you know, Patty Poppy in Star Frost,

40:35

you know, I recommended 12, I recommend 13

40:38

Do I have 15, do I have 60, do I have 18, do I have 18 more, 18 to a... So

40:41

for $18, let's go to Robert Nolan,

40:43

what's his robber? Booyah

40:46

Jim, we've got a

40:48

question with football season

40:50

coming up the various

40:53

betting sites particularly draft

40:56

caves I saw

40:58

plotters numbers, that means the

41:00

draft caves is about to die Booyah Booyah! Okay,

41:06

let's go to Gary in Oregon, Gary

41:10

Yeah, thank you Mr. Kramer About

41:14

a year ago you were talking about raw

41:18

materials for lithium batteries and precious

41:21

metals and so forth and you had

41:24

a company on their MP Materials Corporation

41:26

which I bought a little bit and

41:29

I'm wondering how come it's... It's

41:32

been disappointing and I think it's because they're not making a

41:34

lot of them but they have to, but Tim's gets to

41:36

come on and say listen, I'm done talking, I'm just going

41:38

to make a lot of money and

41:40

then we have something, but otherwise what I

41:42

feel like is that I've got behind a

41:44

losing horse and I don't like to be

41:46

betting behind losing horses What

41:49

can I say, how I feel? I feel

41:51

away about so far lately Let's go

41:53

to Ron in New Jersey, Ron Hey,

41:56

hello Tim A

41:59

good old... You gave it for

42:01

you, for you and your fabulous crew. Man,

42:03

I'm liking that. Salahoubuya.

42:06

Yes, you betcha. We'd like

42:09

to thank you for your

42:11

knowledge and your guidance through the years.

42:14

Thank you. It's been fabulous. Thank you.

42:17

My wife and I wish, my wife and I, Maria, wish

42:20

you a long and healthy life

42:22

with all the best that life has to

42:24

offer. Thank you. Thank Maria too.

42:26

That is very sweet. I feel very blessed.

42:28

My daughter was here yesterday. It's

42:31

really terrific. What's going on? Yes. With

42:34

that, my question is on Boston

42:37

Scientific. That company

42:39

is just doing so well. They

42:41

have an amazing party of franchise. I wish I

42:43

owned that for the trust. It is just fantastic.

42:45

Great call. Thank you for the kind words. And

42:47

that, ladies and gentlemen, is

42:50

the conclusion of the Lightning

42:52

Round. The

42:54

Lightning Round is sponsored by Donald

42:57

Schwab. You're

43:05

either fighting inflation or you're causing inflation.

43:07

Some are obvious. Well, March is pregnant.

43:09

Every day. Every number. Every line item was a record

43:11

today. But the real takeaway

43:13

line for me was when CEO Doug McMillan said that

43:15

the largest retailer in the world had, and I quote,

43:19

mid-single digit deflation in general

43:21

merchandise. Yes. Deflation.

43:23

If you go, you can see it right in the

43:25

office. Remarkable bargains. The way the stores used to be

43:28

when it was over on the run. Footed some breaks.

43:30

Big rollbacks and bread. Soda will

43:32

be a private label. Not to mention

43:34

Popeyes, boneless, skinless chicken. So

43:36

much. These matter. As McMillan told investors,

43:38

quote, our rollback count is

43:40

up. And customers are responding to our price leadership.

43:42

And quote, including a new house brand, by the

43:45

way, called Better Goods, for

43:47

70% of items priced below five bucks. Here's how McMillan put it

43:49

to me when I checked in with him. Quote, it's

43:52

in our DNA going back to Sam Walton

43:54

to figure out how little we can charge for

43:56

an item. And quote, I love that. Normally,

43:58

Wall Street hates to hear about... price cuts

44:01

but this time people recognize the fighting against

44:03

inflation is good for business and good for

44:05

your stock and that's why walmart stock shot

44:07

up seven percent today to a new all-time

44:09

high cost cost

44:18

because it's not a price business cost it wants

44:20

volume it makes its money on its membership card

44:22

how about the obvious inflation causes the

44:25

worst betters right now that i can hear the insurance companies some

44:27

of the greats are up so much that i can play many

44:29

want to believe that made some sort of collusion

44:31

going on i was our regulators

44:33

without investigating apple producing phones that

44:35

are too good we're going after

44:37

amazon for squeezing suppliers to give

44:39

us consumers lower prices and start

44:41

investigating the seemingly endless spike insurance

44:43

prices while someone come in

44:45

under the insurance rates to take share

44:47

you know what this is the competitive

44:50

industry but doesn't feel very competitive at

44:52

all anymore now when stop

44:54

is in place fighter you can get it

44:56

out for next night or swing stop got

44:58

the luck of the drop because the ticketing

45:00

places have come down to that but lots

45:02

of best food outfits keep marking up the

45:04

chicken anyway at that level we saw the

45:06

dollars member they finally decided that get win

45:09

over the princesses offer five dollar value meal

45:11

turner better relentless price heights recently

45:15

something a few points away from its all-time high

45:17

a lot of the other guys are not but

45:20

starbucks i thought i was

45:23

thinking by high price coffee and seems tone-depth

45:25

to the idea of all three from outside

45:27

bargains it would bring in more customers while

45:29

starbucks was always expensive it's got ridiculous here

45:31

and people know hence why it

45:34

stock is thirty dollars down from its

45:36

high he's actually fighter though

45:38

it's got this full castor shrugging retailers

45:40

take the excess version of their hands

45:42

but they did the consumer adult remote

45:44

prices he's actually stock is with the

45:46

spitting dishes of its eyes kudos to

45:48

chinese company can look for keeping prices

45:50

down to they are definitely where

45:53

we have no inflation fighters is in shelter the

45:55

home voters simply are going to build access homes

45:57

in your one more use rates are very high.

46:00

They'd rather just buy back their own stock.

46:02

But I think this is a failure of

46:04

government, from state and local zoning laws to

46:06

make it hard to build to high levels

46:09

of immigration. At a time when we've got

46:11

a huge housing shortage. We need to start

46:13

offering serious subsidies to developers who are willing

46:15

to convert empty office properties into apartments. You

46:17

need the subsidies because it's costly to convert

46:20

and the cities do not like losing those

46:22

commercial real estate tax dollars, which are much

46:24

higher than residential. Time for the feds

46:26

to help out. There are inflation fighters

46:28

in FinTech though. Pick a firm. It's buying

46:31

out pay later plans and it's lack of

46:33

interest charges to give the consumer real light

46:35

up. Interest is a tax on the consumer.

46:37

And that tax is going up mightily. Affirms

46:39

basically give you a tax refund. You

46:42

can rip through industry after industry. And

46:44

what you'll find is that some companies

46:46

are standing with you, the consumer pushing

46:49

prices down. And there are others, well,

46:51

to say they are

46:53

trying to keep prices high and

46:55

their stocks are suffering. And so are you.

46:57

Now I know the government seems clueless about

47:00

the fight against inflation, but at least the

47:02

market is on our side.

47:17

All opinions expressed by Jim Cramer on this

47:19

podcast are solely Cramer's opinions and do not

47:21

reflect the opinions of CNBC, NBC Universal

47:23

or their parent company or affiliates and

47:26

may have been previously disseminated by Cramer

47:28

on television, radio, internet or another medium.

47:30

You should not treat any opinion expressed

47:32

by Jim Cramer as a specific

47:35

inducement to make a particular investment or

47:37

follow a particular strategy, but only as

47:39

an expression of his opinion. Cramer's opinions

47:41

are based upon information he considers reliable,

47:43

but neither CNBC nor its affiliates

47:45

and or subsidiaries warrant its completeness

47:47

or accuracy and it should not be

47:50

relied upon as such. To view the

47:52

full Mad Money disclaimer, please visit cnbc.com/Mad

47:54

Money disclaimer. CNBC

47:57

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47:59

up. at the open midday

48:01

and close every weekday. Markets,

48:03

money and more from Wall Street

48:05

to Main Street. I'm CNBC's Jessica

48:08

Addinger. Follow and listen to

48:10

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