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Time is an investor's best friend,

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but it's never too late for little

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mad money 101. I'll

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add money back to

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school. Don't

0:43

add money back to school. Tour is

0:45

burning bright at the equator

0:47

of capitalism. Oh, yeah, Jim,

0:49

and welcome to the you. Mad Money

0:51

Star now.

1:35

Most of the country may be facing sub zero

1:37

temperatures, but tonight I am

1:39

bringing heat from the gorgeous

1:42

campus of the University of

1:44

Miami. We are kicking off a very

1:46

special back to school with this

1:48

shit of bad money. Are they people make

1:50

friends? I'm just trying to make you

1:52

some money. My job, not just entertain the entertainment,

1:54

but put this all in context. So

1:57

call me at one eight hundred Sempra

1:59

three CBC or tweet me at

2:01

wJim Cramer. I

2:04

get it. I get it. I understand

2:06

why you'd be negative on stocks right now even

2:08

if you're good at. With the Dow dipped thirty nine points,

2:11

that's to be war one point four percent, but then Nasdaq

2:13

surged. Three point two five percent.

2:17

There are a million reasons actually to feel bad about

2:19

this market, especially after this big run-in

2:21

the last two days. Everything from the fact that

2:23

we've moved up too far, too fast. I mean,

2:25

crazy insane action, pick me in Nasdaq

2:27

to the during realization that nothing much has quickly

2:30

changed the better the last three days. There's

2:32

still inflation. More hikes. There's still

2:34

great luck in Washington. There's a war on your companies

2:36

are laying on people left and right. More

2:38

important. Until a few months

2:40

ago, if you dared to go positive and stop, you've

2:42

got your darn hand handed

2:44

you practically every single

2:47

day. Yep,

2:50

every day I run this investment club with my colleague,

2:52

Jeff Marks, who's stuck in New York while get

2:54

to be in beautiful pro business

2:57

Miami at the aptly named University

2:59

Miami. Yes. The you like this.

3:01

Not like this. As I unserved

3:04

to learn. This is Yukon

3:07

at the you. Anyway,

3:10

We come in and stay for months and get

3:12

put through the stock meat grinder

3:14

because we owned a company called Envira.

3:17

The big semiconductor company and the semis

3:20

just got slaughtered day after day after day.

3:22

We stuck with NVIDIA because the chips in the backbone

3:24

of artificial intelligence. And more important, when

3:26

this kind of stock bottoms, it goes back so

3:28

fast. You might not get a chance to get

3:30

back in. But at a better

3:33

price, So we stuck with it and

3:35

stuck with it and stuck with it in one day. So everyone's

3:37

talking about this single chat, GPT.

3:39

But the thing is, it starts on NVIDIA's

3:42

platform. Game changer. When the stop was

3:44

at a hundred and eight October last year, I was taking

3:46

gas down more than sixty percent

3:48

from the stop. Everyone laughed to me, made

3:50

me sick. People in the spot that she said, what are you still

3:53

in that Nvidia for? Check-in

3:55

video out today. It's doubled since

3:57

then. Today, I can't see here that if you want an

3:59

AI place, you should look no further at Nvidia. Look

4:01

at it half. I renamed my dog

4:03

after it. Very confusing

4:06

for the dog unless you have meat in your hand.

4:08

People thought this story was all about video

4:10

games. But it's about innovation. And

4:12

now NVIDIA is powering one of the most important platforms

4:14

of Wolfspeed. If you've played through the pain last year,

4:16

you've now got this enormous Cramer.

4:19

That's what you have to do. Or how

4:21

about met a platform? The artist's filming on his

4:23

Facebook. Not that long ago, it had a horrible quarter.

4:25

I was discussing actually on air about

4:27

how much it hurt. It hurt my trust.

4:29

It hurt me. But I said there

4:31

was a path for Facebook to go forward.

4:33

And the path was something called discipline. Well,

4:36

last night Mark Zuckerberg followed that path,

4:38

except he called it efficiency. He

4:40

changed his stripes. He's not spending, like, praise

4:42

inward. He's firing people over the place who don't

4:44

want that, but it's working, and he's spending

4:46

time in the way from the metaverse.

4:49

Get me in reels and Instagram, even

4:51

what's happening. And that's what I wanted.

4:53

Told him so, after today's monster

4:56

twenty three percent gain, the stocks now more than

4:58

doubled from its lows if

5:00

you held on. If you suffered,

5:02

you got the game. If

5:04

you suffered, you got the game. That's it.

5:07

Of course, ideally, you would have sold all these a

5:09

little a year ago. But Getting the back

5:11

in is so hard. Almost no one

5:13

is that nimble. That's why I always tell you

5:15

to buy a solid stages. We saw some Nvidia

5:17

and Facebook at much higher levels, bought some of

5:19

the anticipation of the eventual turnarounds

5:21

and they came. We

5:24

took the pain and we gained. But

5:26

now, we got a whole new set of pain.

5:28

In furnaces, buried. Tonight,

5:30

Amazon, Alvin, and Apple

5:32

all reported, and I think you have to accept the fact

5:34

that these were not met. They

5:36

all ran in anticipation of being like metal,

5:39

and that did not. Now Amazon had okay

5:41

numbers, but didn't give you the giant layoff. People

5:43

wanted to hire hundred thousand people. They laid off less

5:45

fewer than twenty thousand. They need bigger layoffs.

5:47

But it was it was up thirty four percent coming

5:50

in. That's ridiculous. I want it more efficiency

5:53

just like Medicaid. Didn't get it. Album it.

5:55

Did people forget it's advertising based and advertising

5:57

this week? The stock is up seven bucks just

5:59

today. Could give buck those games. Apple.

6:01

What can I say? On it? Don't trade it. Apple

6:03

had China's supply problems. It hurt the quarter. Wait

6:05

knew that. It shouldn't have run into the print. What

6:07

can you do? Wait until it goes to one forty and

6:09

buy some back. I wish you were better. It couldn't

6:11

be. But two billion Apple users come on.

6:14

That's phenomenal. And it's the milestone that they announced

6:16

tonight. I like that. What do you think about

6:18

this market though? It gives you tremendous opportunities

6:20

all the time. NASDAQ up seven percent,

6:22

probably too hot. Time to move on. I

6:24

like it cold. I like to suffer like I didn't

6:26

Facebook. I love to suffer like I didn't dare. Not

6:28

because I'm a mass against all the that is indeed debated.

6:31

But because when the company is well run, the

6:33

paying often represents a great buying opportunity.

6:35

Paint. What's up? What's up? What's up?

6:38

How about buying? Eli Lilly? I just

6:40

upgraded from a two to one for the investing

6:42

club today. Meaning I buy it right here.

6:44

It's got a diabetes drug that will likely get

6:46

FDA approval as a weight loss treatment

6:48

sometime soon. Don't doctors may already

6:51

be prescribing it like a a weight loss treatment,

6:53

but it hasn't gotten government fit it hasn't

6:55

gotten the FDA official nod yet,

6:57

and that tells you there's tremendous demand. You

6:59

know what? If you buy Lilly here, you haven't

7:01

had to suffer. It's already down. So

7:03

let me give you the bottom line. When companies

7:06

change their stripes or when they're incredibly

7:08

well managed, or discipline or efficient

7:10

or when they invent amazing products and reinvent

7:12

themselves on the fly, you should stick

7:15

with them. And remember, if you like

7:17

the stock so much that you named your dog

7:19

after it, don't kick it when it's down,

7:21

buy more of it. Let's take

7:24

some questions.

7:25

Let's go over here. We'll start with that number nineteen.

7:28

Kramer, thank you very much for being here. Name

7:30

is Ruben, and my question for you is due to troubling

7:32

valuations in public

7:34

markets, do you think REITs should be pursuing

7:36

privatization? They had

7:38

never done that because they tend to have a lot

7:40

of debt on the books. I think it's an interesting

7:42

proposal, but they love public markets because they

7:44

like to sell stock and bring win more money.

7:46

And they like the stock itself to be able to buy

7:48

things. So I think they should hold off. I think

7:50

they have to be traditional as they

7:52

are. I like Federal Realty, FRT shopping

7:54

centers. Yes. Hi, Jim.

7:57

My name's David Allen. I'm from Miami, Florida.

7:59

I have a question about China. Now they recently

8:01

announced an end to zero COVID, and China's

8:03

both the world's largest exporter and a

8:05

huge source of global demand for commodities.

8:08

If you're the Federal Reserve right now trying to fight

8:10

inflation, Is China reopening good

8:12

or bad news overall? It's real bad. It's a great

8:14

question. I know everyone's trying to cheer that China's

8:17

start spending more money. I know they certainly wish

8:19

it if if it were Apple. It's a commodity

8:21

inflation based spur.

8:24

That will be an issue. And I think you're

8:26

really right to worry about it. I think people are

8:28

are wisdom past the graveyard. If that market

8:30

comes back. And the way to watch it, by the way, is watch

8:32

oil. Because oil hasn't gotten anything.

8:35

Anything since they reopen. As long as that

8:37

stays down, we're gonna be okay. But if that starts

8:39

flying, gonna be in trouble. And the Fed's gonna have

8:41

to do maybe maybe more than

8:43

two rate

8:43

hikes. Great question. Thank you. Here

8:46

we go. Hi, Jim. My name's Francesca to

8:48

be and I'm from Boca Raton, Florida. Before

8:50

I ask my question, I wanted to tell you how

8:52

much this show means to me. My

8:55

father died of pancreatic cancer when

8:57

I was eight years old. And

8:59

this show is like one of the few memories

9:02

I have of him is watching it with

9:03

him. That's right. So I'm very

9:05

thankful to me you would be here today.

9:08

And I am thankful for you

9:10

sharing that story of real life. And

9:13

I bet you got to spend the time with your dad.

9:15

I bet similar experience with wJim with

9:18

kidney cancer. It just goes,

9:20

you know. And you got that precious

9:22

time, and I'm glad that we could be a part of it. So

9:24

thank you very much. Yes. And I'm

9:26

actually a premen major. I'm studying

9:28

to be a neurologist. And so as

9:30

someone that is not going to school to

9:33

study investments, What are some

9:35

ways that I can learn about the stock market

9:37

and how to invest? And then my second question

9:40

is what stock do you suggest to

9:42

build generational wealth that I can buy

9:44

as a college

9:45

student? Okay. These are fabulous questions,

9:47

and I think what you have to do in your neurology,

9:49

your study. You gotta get first hand experience.

9:52

I'm very close to Minerall, just

9:54

doctor Newman. And he suggested I

9:56

take, you know, I have migraine problem.

9:58

I'm the look, it's don't see that. She's spoken

10:00

for the American Migraine Foundation, so I'm not revealing

10:03

something here. But NourTek

10:05

is made by biohaven. And I pushed

10:07

it and pushed it and pushed it because I take in nerve

10:09

check when I get my migraine and it's a way

10:12

in ten to fifteen minutes. You have to

10:14

look at what you do and think who is doing

10:16

remarkable things and then you know how

10:18

hard the brain is. Mhmm. But if

10:20

you find something, that can actually

10:23

affect the brain in a positive way because you know we're

10:25

mapping the brain now. That's your stock, and

10:27

it'll be perfect. And III

10:29

just I like you. I mean, look at me. No.

10:32

You're just you're you know, you're why I do

10:34

the show. mean, my dad and I

10:36

talk my dad and I talk their Kirby

10:38

show. And even say you call 701,

10:40

he goes, Jimmy. That was the best show ever.

10:43

Every day for twelve years. When

10:46

companies change your stripes, you can

10:48

change too. You gotta stick with

10:50

them. Come me up on that money. Hey

10:53

to Miami, two members of the student management

10:55

best and fun year at Miami Herbal physics

10:57

school. I thought it picks yours truly.

10:59

On their top, stop picks right now.

11:02

I promise to not go easy

11:04

on them. You know me? And my recordings

11:07

be taking. Watching young investors be

11:09

buying it right now. I'm listing three

11:12

smart bets for those with a longer

11:14

term horizon. And a Miami based

11:16

CEO who's got an inspiring story

11:18

about his valet cake, penniless

11:21

from Cuba, and they became owners

11:23

of one of the largest Hispanic found the infrastructure

11:25

companies in North America. So

11:28

stay with Kramer.

11:40

Don't miss a second of bad money.

11:42

Follow at Jim Cramer on Twitter.

11:45

Have a question? Tweet Cramer,

11:48

hashtag mad tweets. Send wJim an email

11:50

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11:52

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11:54

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Is something? Enter mad money

12:01

dot CNBC. Dot com.

12:06

Time for a quick break to talk about some delicious

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breakfast options at McDonald's. Like a steak

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to make sure your day gets off to a great start.

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At participating Mcdonald's, single item

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at regular price.

12:38

I love it. It's inspiring to

12:40

see the passion, the excitement from the students

12:42

here at Miami Herbert Business School at

12:44

the University of Miami. Let's hear

12:47

it. In just

12:49

a second, you're going to meet a few students from

12:51

the student managed investment fund.

12:53

These students manage one point four

12:55

million dollars, okay, which is actually

12:57

component of the universe's endowment, so they

12:59

better do well. These students are the

13:01

real deal. They research. They manage funds. And

13:04

today, I'm putting them through the test. Just like

13:06

I used to doing my old hedge fund where

13:08

you had to come to me MeMeMe

13:10

and On Fulton. That's right

13:12

next to Wall Street. With a box of crispy

13:14

creams at four AM, if you pitch me a stocking,

13:17

maybe you got a job. I ate all the Christmas Christmas.

13:19

I was a little different than a much more shrimp.

13:21

Alright. Let's take our first pitch.

13:24

You guys. Hey, Jim. How you doing?

13:27

Anna and I are here to tell you why six flags

13:29

ticker SIX should be at the top of everyone's

13:31

watch list. Landing buildings

13:33

just recently opened and active position in them.

13:36

They're absolutely phenomenal at finding these

13:38

opportunities. If you as

13:40

the business continues to normalize in twenty twenty

13:42

four, I think your real estate value somewhere at

13:44

thirty bucks share. The operating company's

13:46

worth another twenty five. I think our price

13:48

target's right at fifty five,

13:50

which, you know, substantial upside from here.

13:52

And So land and buildings is great

13:54

company and they recently identified VICI

13:56

Park properties as a potential buyer

13:58

of Six Flags real estate. Beachy is a

14:00

fifty billion dollar market cap company and

14:02

they've done stuff like this before. They

14:05

have recently expressed interest in amusement

14:07

parks and year to date have raised one billion dollars

14:09

to make that kind of investment. So

14:11

for them, a four billion dollar acquisition of

14:14

Six Flags real estate is like Scooby Snacks.

14:17

Yeah. That's interesting. When I

14:19

talk to the people at Disney, the

14:21

real estate is huge. I mean, I even felt

14:23

at one point I pitched them a theme park, I

14:25

found three hundred thousand acres of a land

14:27

for sale in New Mexico between Denver

14:30

and Austin. And it's exactly the story

14:32

you told, which is Georgia real estate.

14:34

And theme parks are red hot.

14:36

If you read Comcast's, this quarter I worked for Comcast,

14:39

they talked that was the strongest unit. Disney's

14:41

theme parks are all sold

14:42

out. I have not like

14:44

the balance sheet. Are we okay with the balance

14:47

sheet, six flags? Yeah. We're we're okay

14:49

with the balance sheet. Two point five billion

14:51

net debt I think all in, we're looking

14:53

at a fifty five dollar price target once they monetize

14:55

this real estate. The operating company is

14:57

basically just our cherry on top and there's

14:59

tons of upside that land and buildings going out. They

15:02

have the game plan. They've executed the game plan

15:04

before. They're doing what they always do and they'll

15:06

continue to be

15:07

great. One last question was I know we got a lot of people,

15:09

but I am concerned. Okay. In

15:11

the off season, how do you feel about six

15:13

Flex? Because I got one you hear me in Jersey. It's kinda

15:15

desolate.

15:17

So the the off season is gonna

15:19

be made up by the escalations and the ticket

15:21

pricing for all the consumers that are gonna be

15:23

going there. There's just a phenomenal

15:25

plan that's been outlayed by land and building and

15:27

the Six Flags team. It's been embraced. The

15:29

activism is actually influenced

15:31

and and very positively seen. So I think they're gonna

15:33

do the right thing

15:34

here. I like I like it. I like your call.

15:36

I like theme parks. I think you could work,

15:38

and I thank you for that excellent

15:40

presentation. That was very good. Okay.

15:43

Who's over here?

15:44

How you doing, Jim? My name's Ian Reilly originally

15:47

from Southern New Jersey. Go Eagles.

15:49

Go

15:49

backwards. My name's Austin Ortiz. I'm from Ocean

15:51

Side New York. And today, we're gonna be

15:53

pitching you Canadian Pacific. But first, we'd heard

15:55

that story about you and your hedge fund days and wanna

15:58

get you a box of

15:58

donuts. So What do you stand

16:00

with? These guys are smart. It's in the books.

16:03

They read the book. That shows homework.

16:05

That shows preparation. I like that. We'll

16:07

split him up with the staff. I got a guy here, Brian.

16:09

He'll eat everyone. I got to be very

16:10

careful. Let's go. Alright.

16:12

So we think Canadian Pacific is a strong buy

16:14

right now with considerable upside. We're confident

16:17

that merger with Kansas City Southern

16:19

will be approved by the service transportation board

16:21

later this quarter. The prospective

16:23

combined railroads will be the first interconnected

16:25

railroad, which in Canada and Mexico, which

16:28

will allow for greater volumes in their automotive and

16:30

intermodal shipping volumes,

16:32

which is substantially more profitable than the bulk

16:34

shipping business.

16:36

We are expecting about one billion dollars of EBITDA

16:38

growth over the next three years. We

16:40

believe that Canadian Pacific is by at

16:42

its current price. Their most recent earnings

16:44

report produced excellent numbers, most notably

16:47

a twenty one percent increase in revenue over the

16:49

fourth quarter of twenty twenty two. Expect

16:51

these trends to continue throughout the first half of

16:53

twenty twenty three due to analysts estimates

16:55

of record high Canadian grain output all

16:58

throughout the first half of twenty

16:59

twenty. Let me just say first. I mean, the railroads

17:01

are they're red hot today.

17:04

I think without that acquisition, I would have said

17:06

absolutely not. With that acquisition, I think

17:08

it's a good do, but it's gonna be a

17:10

slow slog because people are worried about

17:12

the transports right now because they just went up a thousand

17:15

points in two

17:16

days. But I like the pitch. I

17:18

like the pitch very much. Yes.

17:22

We wanna talk to you about T Mobile

17:24

who should be on your radar considering their strong

17:27

brand.

17:27

And the action that I'm almost about with the action today

17:29

on that stock. Wild. When

17:33

given their strong red name and recent increase

17:35

in subscriber growth, they should be

17:37

on top of mind, especially considering

17:40

their their increase

17:43

in five g infrastructure spending,

17:46

given their time since

17:48

the Sprint merger. Additionally, they also

17:50

have about five billion dollars in anticipated

17:53

synergies to be realized. Which should be

17:55

driving growth for the coming years. And

17:59

in essence, they

18:02

plan on increasing their their

18:05

subscriber growth. Alright. Time

18:07

comes on. I do need to hear

18:09

about the competition. And

18:11

I wanna hear about the fact that

18:13

the stock what your view is about why the

18:15

stock went down. There's gotta be some substance to it.

18:17

Because it did not. It's popped every single time

18:19

after the quarter except for this

18:21

time. So they say they did miss

18:23

the revenue growth targets? TAC. Although

18:25

they do have

18:28

they do have earnings growth about two times the industry

18:31

average. Okay. Now I'm in that stock for revenue growth. So

18:33

I think that that was just an okay quarter. I was

18:35

surprised Sever was on

18:37

air, and I did not think he made the case.

18:39

I think the stop goes lower. God

18:41

tell like it is. Yes. Hey,

18:44

Jim. I'm Ollie from the UK. Big buy

18:46

for us in the finder right now is Peloton. Every

18:48

time I go into the gym, more and more people

18:50

are using you. We don't care for the bike.

18:52

We don't care for the tread. I want them

18:54

to stop spending money on a Roam machine.

18:56

They need to get expenses under control. But

18:58

that subscription business, you've got nearly a

19:01

seventy percent margin, you've got three hundred

19:03

percent growth in two years in numbers

19:05

and you have a one percent churn. We think

19:07

it can become a real real cash

19:09

cow. It's currently trading just

19:11

over three times subscription revenue.

19:14

We want management to get expenses

19:15

down. And but we believe in them so think

19:18

it's a strong dollar about the expensive. It's Barry

19:20

McCarthy. He'll chop people's heads off the ass

19:22

too. I think he's dynamite. I love the idea.

19:24

Wish it hadn't gone up just two bucks. Or

19:26

I would just say I would be all in time

19:28

size ranch. Peloton's a great idea.

19:30

Okay. Let's come in a little bit about two bucks after

19:32

that last quarter. But you got

19:35

a great idea, contrary.

19:37

I love that. We're made

19:39

money from Miami's back

19:41

into the brain.

19:54

Coming up, Cramer at the Miami

19:56

Herbert business school connecting

19:58

with the next generation of leaders, but

20:00

how about next generation of growth stocks.

20:03

I'll look into the future. Next.

20:09

Think about a bicycle.

20:11

It takes balance to get where you wanna go.

20:14

Now think about business. Whatever

20:16

your business organization, you ride

20:18

the line between numbers and people.

20:20

Just like the bike, it takes balance.

20:23

CLA, CPA's Consultants

20:25

and Wealth Advisors. That CLA

20:28

will get you there. Clifton Carson Allen,

20:31

LLP. Investment advisory services

20:33

are offered through Clifton Marcellus and Wealth Advisors

20:35

LLC and SEC registered investment advisor.

20:51

While we're down here at the University of Miami,

20:54

that you, that I do.

20:56

Let's talk about the best stocks for

20:58

younger investors. You might think all stocks

21:00

are the same for everybody, but that's just not true.

21:03

When you're young and you're first getting into investing,

21:05

you can afford a lot more risk than

21:07

say a retiree who's done working and has

21:09

to live off their savings. If you're still in

21:11

your twenties, you got decades to make

21:13

up for any potential mistakes and you will

21:15

make mistakes. Comes with the game. Plus,

21:17

you can afford you to invest in

21:19

stories that might take a while

21:21

to unfold. And that's okay too.

21:24

Patience is a virtue invest In particular,

21:26

I think younger investors should lead toward what we

21:28

call junior growth stocks. These

21:31

represent smaller, faster growing

21:33

companies that aren't used today. But

21:35

might become something huge later down

21:37

the line. For example,

21:40

four or five years ago, Tesla was just

21:42

we bid junior gross

21:45

doc. Well, there's nothing junior anymore

21:47

about the stock of Tesla. So let

21:49

me give you three of my favorites write them

21:51

down. Come on word school. The

21:54

first one up is Etsy.

21:56

Yes. The online marketplace for handcrafted

21:58

goods and boutique sellers That's in Brooklyn

22:00

about ten blocks from my ass. I've

22:03

been recommending this talk since twenty sixteen,

22:06

and it was a big winner for us even

22:08

before the and democrats. Then

22:12

COVID sent us into lockdown, and

22:14

that she went into overdrive. With

22:16

stop soaring from thirty dollars in March of twenty

22:18

twenty, to an all time high and

22:20

maybe too high of three hundred seven

22:22

dollars in November of twenty twenty

22:24

one. Like other fast growing

22:26

digital plays, it ran up just up

22:29

to the stratosphere. And then we

22:31

got hit with the post COVID pullback.

22:33

So, so, so, so, so, so,

22:36

with the stop plummeting nearly eighty percent

22:38

from its highs in

22:43

less than six months. Kickoff

22:48

kickoff, he bought them to sixty seven

22:50

last June, thank heaven.

22:53

Why not my But here's the thing.

22:55

Even though the stock's valuation got a little excessive,

22:57

nothing really changed about the underlying

23:00

business. And that's what matters. It's a business.

23:02

The stock it represents that.

23:04

Well, Etsy sales slowed from peak COVID

23:06

levels. The growth rate bottom around five percent

23:09

early last year. And since then, it's accelerated

23:11

back to the double digits, possibly

23:14

higher when we get the fourth quarter numbers later

23:16

this month. That's one of the reasons the stocks been

23:18

able to rebound back to one hundred

23:20

and forty eight, including a monster

23:22

six percent run today. Thanks to

23:24

the Nasdaq catching on fire. You

23:27

know, I like Etsy. I like it because

23:29

this is a company where you don't need to sack provised

23:32

profitability for fast growth. They

23:34

were profitable before the pandemic. And while the

23:36

earnings have pulled back from twenty twenty one,

23:38

they've now stabilized at a much higher level

23:40

than pre COVID, not many stocks have done that.

23:42

That's important because Josh Silverman, the CEO.

23:45

He's a visionary. He's amazing. And he

23:47

knows how to execute. More important,

23:49

I think Etsy embodies the ethos of many and younger

23:51

investors like Etsy bought. This is platform

23:53

that enables you to support small businesses and

23:56

hobbyist working out of their homes. Many

23:58

of them women, which is fabulous. Rather

24:00

than the faceless corporate giants. You

24:03

know what it is? I took

24:05

this class. Capitalism of the human face.

24:08

What's next? Hey, how about one that I asked

24:10

about earlier when I was trying to get the lay

24:12

of the land here at the business school?

24:14

How about Airbnb, which has completely

24:17

disrupted the lodging industry since

24:19

it's founding nearly fifteen years

24:21

ago. Full disclosure. Well, I warn you

24:23

away from Airbnb when it came public in twenty

24:25

twenty because all IPOs were way,

24:27

way too hot. I

24:30

started recommending it too early. Hey, you

24:32

always gotta own your mistakes. Even though this

24:35

is real company, real earnings, real cash flow, it

24:37

stopped trading like every other garbage IPO

24:39

last year. The stock only bottomed

24:42

at eighty one dollars in late December.

24:44

Bye bye bye. But like so many

24:46

other growth Cramer, Air BNB caught

24:49

fire in twenty twenty three.

24:51

Currently, it's up more than This

24:53

is how stocks work. Thirty eight percent

24:55

year to date. And like many other resurgence in

24:57

digital plays, I think this move is actually entirely

25:00

justified. For the past two

25:02

quarters, Airbnb has reported record profits. They

25:04

come in a show and talked about no one liked it.

25:06

They were wrong. These are generally

25:08

accepted accounting principles. It's

25:11

up to people at business school, though. Not

25:13

just at adjusted earnings, EBITDA nonsense.

25:16

I expect strong earnings again when they

25:18

report later this month. More importantly,

25:20

I think the earnings estimates for Airbnb are

25:22

way too low. The number

25:25

one driver of higher stock prices is the ability

25:27

to beat those estimates. Right

25:29

now, Wall Street's assuming Airbnb can only put

25:31

up seven percent earnings growth this year.

25:33

I'm betting that's way too low given the current

25:35

insatiable demand for travel.

25:38

Of course, Airbnb's gonna

25:40

do well in an environment where travel is

25:42

more important than ever. People

25:44

want to see the world At

25:47

the same time, this company is indeed a cash

25:49

machine. They already had positive cash flow

25:52

for of more than two billion dollars in twenty

25:54

twenty one before they even turn probable. When the

25:56

fourth quarter numbers are turned in, I am betting

25:58

they'll finish twenty twenty two with more than

26:00

three billion dollars in free cash flow.

26:02

Which is the number I look for. FCF headed

26:05

closer to four billion this year. Long story

26:07

short, Airbnb is a great company. And if

26:09

Wall Street cared about the fundamentals they

26:11

don't right now, The stock would have done a lot better

26:13

last year, but because it was part of that recent IPO

26:16

crop that nobody wanted to touch. Well,

26:18

it languished. Now though We're back in

26:20

bull market mode. You know what I like

26:22

that? And

26:26

these guys can get credit for everything they're

26:28

doing right. Fine. Finally, I got

26:30

one off the radar screen, Tiffany for this

26:32

area of the country, but also where we live. But I not from when

26:35

my daughter lived in Oregon. It's a junior

26:37

growth company that you might not recognize now.

26:39

But you'll certainly recognize in

26:42

the future. In fact, it might become

26:44

so ubiquitous that it makes you sick

26:47

I'm talking about Dutch bros, which is

26:49

ostensibly another coffee chain that's concentrated

26:51

in the Pacific Northwest right now. But in reality,

26:53

there's a lot more going on here. These guys

26:55

sell lot of coffee in the morning. Caffeinated

26:57

coffee. The cut I like, then they do

26:59

great business in the rest of the day. Thanks

27:01

to the selection of of house

27:04

made energy drinks. They do everything

27:06

short of injecting the caffeine drugs in your veins.

27:08

Why can't they do that? I'd like that.

27:11

But touchpot is kinda like the anti Starbucks.

27:13

At Starbucks, they want to be your home,

27:15

away from home, your office, away from the

27:17

office. Dutch bros is all about efficiency. They

27:19

don't want you to be at home there. They know some

27:21

people just want their fix fix

27:23

of great caffeine, great taste and coffee.

27:25

Forget the Home Way Home Way stuff. They got

27:27

drive thrus. They got kiosk. I love that.

27:30

Dutch Bose is already a powerhouse out west, but

27:32

you probably haven't seen one down here

27:34

because they hardly have any stores east of the Mississippi.

27:36

They just entered Nashville. Just now with

27:38

a couple of stores and they're building one

27:40

one in Orlando. One in Florida. Come on.

27:43

In fact, they're building stores everywhere though. And

27:45

that's what makes Dutch Bros. A textbook junior

27:47

growth stock. As at the end of

27:49

the year, they had six hundred and seventy one locations.

27:52

Management is confident they can grow that to eight hundred

27:54

by the end of next year than one thousand by the first

27:56

half of twenty twenty five. Long term

27:58

goal four thousand stores. And I

28:00

think that's low based on how they take it

28:02

over the Pacific Northwest. I think it's doable.

28:05

And then, sir, This one's all about that regional

28:07

national roll out that I love so much for me of money.

28:09

Last year, Dutch Post was occasionally hampered by higher

28:11

labor cost, of course, higher raw cost,

28:13

higher dairy cost, higher construction cost. These are all

28:16

settling down. Thank you, Jay Powell.

28:18

But if inflation peaked and it sure looks

28:20

like it has, then they will

28:22

do the number and then some and

28:24

have a much smoother trajectory going forward.

28:26

I think Dutch Bros is a fantastic long

28:28

term holding as long as you can get it. Now,

28:31

less than forty bucks. Oh, and that

28:33

annihilator they served? My favorite

28:35

coffee drink because it keeps them from sleeping

28:37

for a whole night. That's my kind of drink.

28:39

But if you're a younger investor,

28:41

you need to take some risk in your portfolio.

28:44

That's how you have a chance to generate gigantic

28:46

returns. I recommend betting on long term

28:49

stories that can eventually give you big wins

28:51

as long as you're patient, which is why I like

28:53

Etsy. Airbnb, and Dutch

28:55

bros. But there's a whole universe of junior

28:57

gross stocks that are worth owning. Now

29:00

now you know what to

29:02

Love I. Let's

29:05

take questions. Let's start over

29:07

here. Hey, young gentlemen. How you

29:09

doing?

29:11

Good.

29:11

Hey, Jim. First and foremost, welcome to Miami

29:14

and welcome to the

29:14

you. Thank you. Thank you for

29:16

having me. My name is Matío Samarau.

29:19

I'm originally from Brazil, so Latin

29:21

America has seen a lot of a new fintechs

29:24

movement. And I guess I'm a little biased

29:26

being from Brazil. I've been taking a lot of look

29:29

in new bank. They just

29:31

listed a year ago and they've been down ever

29:33

since, but it has seen, like,

29:35

with a very positive growth,

29:37

they have grown across Brazil Columbia

29:40

and Mexico, and they just posted a profitable

29:42

quarter last year. So

29:44

what do you think about

29:45

that? Is Newbank the one to look I'll tell you what

29:47

I think. I like you. You got horse

29:49

ants. That's a good situation. I

29:52

like Macquarie Libra as a original investor,

29:54

not, and I gotta tell you, Then I drill

29:56

down the numbers for Brazil, for

29:58

Apple tonight. It was probably one of

30:00

the greatest areas. I think new is

30:02

terrific. I like it, but long term because

30:04

you see it's down because of political turmoil. You're

30:06

betting that things calm down. If

30:09

they calm down, you catch a double. If they don't,

30:11

it flat lines, but you know it's political,

30:13

it's keeping it down, not the numbers.

30:16

How about a What is this?

30:18

Where are you putting me? We put right here. I've

30:20

been right here. I see I am in the end

30:22

just to marry

30:23

that. Right? They tell me where to be. Okay.

30:25

Who's up? Hey, Kramer. How are you doing? My

30:27

name is Josh. I'm from Jacksonville, Florida. Duval

30:29

Toyota, we die baby. And so my question's

30:31

about EVs. With laws being passed that

30:34

banning the production of gas and diesel vehicles,

30:36

and the increase in purchasing and production of

30:38

EVs or EV stocks such as

30:39

Tesla, Rivian, and Ford, Worth, buying, and holding? Great

30:42

question. No. Rivian's up on a short squeeze. It

30:44

it moved radically today. Nothing on the earnings.

30:46

I think Tesla's down enough that you gotta bet with

30:48

Musk as I sometimes repugging as he

30:50

is. But I gotta tell you after tonight and gonna

30:52

talk about this later. Ford stock

30:55

is gonna get hit because they missed the numbers,

30:57

but not the EV numbers. So that

30:59

one is for you. That's what I suggest.

31:02

We got new, we got bored. And if

31:04

you're younger investor, you need to take some risky

31:06

portfolio. I like Etsy, Airbnb,

31:08

and Duck Bros, but there's a whole universe

31:11

in junior gold stocks that are worth owning. There's

31:13

much more man money at infrastructure

31:15

construction company. What is that? That's

31:17

masked tech. And MasTec has been involved in

31:19

some of the most complex projects across the country

31:22

and its home base. Right here,

31:24

I got to see Now I tell you why speculation

31:27

is worthy of your it's

31:29

worthy of your cause, but only if you

31:31

follow my rules of the road. Yeah.

31:34

Yes. Oh, like you said, like, MasTec, MasTec

31:37

rocks, and of course, mavenclad, lighting

31:40

around you to foresee Miami edition.

31:42

Stay with Cramer.

31:57

Over

32:09

the past couple of years, Congress has

32:11

authorized hundreds hundreds of

32:13

billions of dollars in federal infrastructure spending.

32:15

Especially for green energy projects.

32:18

Although it takes a while for those projects to get

32:20

going because our government is pathologically unable

32:22

to build things in a reasonable

32:24

time Cramer. starting to get a better idea

32:27

of where that money's headed, which brings

32:29

me to MasTec. This is the infrastructure

32:31

construction company that I've liked for a long time. It's

32:33

paced right here in Carl Gables. They make telco

32:35

infrastructure, wind, and solar equipment,

32:37

and electrical transmission lines, and

32:40

natural gas pipelines. And they're number one in lot

32:42

of these six. That's one reason the stock has rallied more

32:44

than fifty percent since just the end of September.

32:46

At the same time, MasTec is one of the great

32:49

American immigrant success stories.

32:51

The company was founded more than sixty years ago

32:54

by a twenty one year old Cuban refugee

32:56

named Jorge Moss, who came to this country,

32:58

Pencilist, saw an opportunity and

33:00

yes seized it. Now the company's

33:03

run by his son. He's residing over

33:05

an eighteen percent compound annual growth rate

33:07

since he took over in two thousand seven. Oh,

33:09

and it just happens to be a University

33:11

of Miami along and

33:13

a member of the Board of Trustees. So

33:17

please join us in giving a hometown

33:19

hurricane welcome to Jose

33:22

Mas, the CEO of MasTec. Mister

33:24

MasTec, hold a bit of money. How

33:26

are you? Thank you so much for the long

33:28

term family.

33:31

Why don't we go right there? I mean, what is the school

33:34

giving you? What have you learned from being here?

33:36

And what can you still

33:37

learn? Let's keep Look around. Look at

33:40

look at these kids. I think we can learn from these kids

33:42

every single day. Their hunger, their desire,

33:45

the desire to be better, the desire to dream,

33:47

the desire to accomplish great things.

33:49

It's incredible. It just shows about Hey,

33:51

you know what? And this shows about that. I didn't hear

33:53

anything cynical. I heard everything positive. That's the

33:55

way it should be. Yep. Enough with the corrosion. We're

33:58

positive. Okay. Speaking of positive

34:00

stories, I don't know if you know, but I do my show normally

34:02

on the New York Stock Exchange floor, and I do it

34:04

right under the bell. Something

34:06

special happened to your dad there.

34:09

I know shortly after he passed, but I want you

34:11

to describe what he did and what he saw.

34:13

Well, for my father, look, this this is an incredible

34:16

city. This city adopted a Cuban

34:18

American community. I'm a product

34:20

of that adoption. I'm a product of the generosity

34:22

of the city of the generosity of the United States. This is

34:24

the greatest country on God's

34:25

Earth. And my dad was an immigrant from Cuba.

34:27

He he he

34:29

yes. Yes. This is what we

34:31

cared for. For him,

34:34

The New York Stock Exchange was, you

34:36

know, the greatest thing in the world relative to

34:38

the financial markets and and to what he dreams. So to

34:40

be able to list his company on the New York Stock

34:42

Exchange, was absolutely incredible. He got to ring that

34:44

bell for a young Cuban American that came at the

34:46

age of twenty one to join the US Army to participate

34:49

in the Bay of pigs invasion. And twenty years

34:51

Cramer, he's on the New York Stock Exchange. It was

34:53

an absolute dream for him and a very emotional

34:55

moment for him and for my

34:56

family. Total page you. Fantastic success

34:59

story. How about the opportunity

35:01

in this country? Does it still

35:02

exist? I hear people say, you know, it's over.

35:06

I think that opportunities they're

35:08

not given, but the opportunity

35:10

to succeed exists in this country better than anywhere

35:12

else in the world and I see it every single day with

35:14

young men and women that dream, that build new

35:16

businesses, that that truly accomplish

35:19

great things in this country and it's alive and well. The American

35:21

dream is alive and well. We keep we keep talking

35:23

about all the differences that we have in this country

35:25

politically, but the reality is we have one thing in common,

35:28

and that's where we want a better future for our families

35:30

and for our kids. Over and over again, and I see it

35:32

happen every single day in this movie.

35:34

Totally right. Now let's talk about

35:36

the better future that you have given to

35:39

to shareholders. And to coworkers.

35:41

Okay? Number one, clean energy, number

35:43

one, 5G wireless, number one, not gas

35:45

pipelines. This is America's infrastructure.

35:48

Tell me how you got to be number one, what it means,

35:50

and what it can mean for the

35:51

future. We started as a telecom contractor,

35:54

basically digging ditches, putting fiber

35:56

in the ground, putting cable in the ground, And

35:58

then we expanded. We got into gas pipelines.

36:00

We grew into distribution systems and transmission

36:03

systems for the utilities. Today, clean energy.

36:05

We're in the midst of an energy transition in this

36:07

country. Clean energy is gonna play a huge part of

36:09

it. We're the largest builders of wind and solar in the

36:11

country. We're excited about that. But at the same

36:13

time, we ought to have transition fuels. So natural gas

36:15

is critically important. Building natural gas pipelines

36:18

is important for our future and our economy. And

36:20

you said it earlier. Right? Politicians gotta gotta gotta

36:22

figure this out. We gotta get permitting laws in place so

36:24

we can do this quicker. So that we can actually

36:26

transition our energy to new sources over

36:28

time. And I wanna ask you, you

36:31

when people talk about carbon capture, They

36:33

don't they don't realize it's gotta go somewhere

36:36

and be

36:36

transported. That's you. A hundred percent in

36:38

its pipelines. The same as you'd build an oil

36:40

pipeline or a gas pipeline, carbon capture is gonna

36:42

be on pipelines and transported the deep

36:44

walls across the country. And it's gonna be ethanol

36:47

facilities where they're where they're taking the CO2

36:49

gas and submitted put them in a pipeline,

36:51

inject them in deep wells. And that's that's part of

36:53

really the the the cleanup of our technology

36:55

and the cleanup of our country and our

36:57

energy. It's it's amazing. Now there's a lot

36:59

of companies and stocks went up eight percent

37:01

in the last two days. Nasdaq. I like a

37:03

company where I know that there's going to be very

37:05

big federal money behind it. Because of

37:08

some laws that were passed, some bills.

37:10

How do you stand to do under the inflation

37:12

reduction

37:13

act? I mean, the truth is that our business

37:15

is growing regardless of government spend. Right?

37:17

There you think about telecom and the and five g

37:19

coming, you think about clean energy, but then

37:21

you add in all the federal spend. So we've got four

37:23

hundred billion dollars for clean energy out of inflation

37:25

reduction act. We got sixty billion dollars

37:27

in telecom funding to build fiber and to

37:29

and to bring broadband to rural communities. It's

37:32

it's it's almost it's almost windfalls right in

37:34

the industry. It's it's the best time I've ever in the

37:36

history of our

37:36

company. It's the best time in our industry. It's a windfall

37:39

that you're running the company. For your employees,

37:41

and of course, for the shareholders that I

37:43

represent. And I think you're doing phenomenal

37:46

job. Thank you. We've got thirty five thousand

37:48

team members across this country. When I think about

37:50

the legacy that my father started. He came here with

37:52

nothing. And today, tens of thousands of

37:54

families depend on us, and we're giving them chance

37:56

to succeed and and build their American dream and provide

37:58

a better future for their

37:59

families. Know he'd be very proud. Okay.

38:02

That's Jose Moss. He's the CEO

38:04

of Moss dad, made money

38:06

in my hear me. Here he goes fast

38:09

after the rain.

38:21

Coming on, Kramer takes her

38:23

calls. And the sky is the

38:25

limit. It's a pacifier lighting

38:28

round next.

38:39

It is time. It's time for back to school. This

38:41

is light red brick, command money coming to

38:43

you from the you in Core Garden's

38:46

fort. That's where things Bye bye. You said the name. I said the name. I

38:48

said the invite by my Beverly, you have your plans. You know,

38:50

and then then we Yep.

38:52

Pull my whitey round over. Are

38:54

you ready, Steve, daddy.

38:56

Sorry for the nighting round.

38:59

Hey, you. Go ahead.

39:01

Hey, Jim. My name's Nate. I'm from Orlando.

39:03

You're pretty adamant, that Crypto is a big

39:06

scam. It's all rigged. But as we

39:08

saw with GameStop back

39:11

a few years ago, that big firms

39:13

have the power to shut down trading if they're losing

39:15

money. Like, with Robinhood, not shut down. How

39:17

is that less rigged than crypto

39:19

with what we saw with that

39:20

deal? Yes. Totally rigged. It's

39:22

okay. It was rigged. I call it out. In one

39:24

of those movies, I call it

39:25

out. I don't want any touch of that. I like great

39:27

American stories. I don't like to hold them. Yes.

39:31

Hey, Jin. My name is Caitlin. I have shares

39:33

in Netflix. And at closing, I was up sixty

39:35

six percent. What should I

39:36

do? You need hold on because I gotta tell you that

39:38

that team is remarkable. It could go down little bit,

39:40

but that's a great the ride. We already went through hell of

39:42

that. Now we get the game. You got the

39:44

pain. You get the game. Stick with it. Yes.

39:46

Hey, Jim. I'm a big fan. Thanks for

39:48

coming to the you. Now that is true. He says thanks

39:51

for helping me pay my tuition with all your advice.

39:54

I wanted to ask you about the recent GE

39:56

split and in particular do you make

39:58

of GE health

39:59

care? Given GE health care is doing much better, Becky.

40:01

Gonna want you to look. They have such a big back.

40:03

But no, not yet. They have big backlog.

40:06

I like the stock. I like the management. I say, stay

40:08

long. Yes. Hey, wJim.

40:10

Will from New Jersey. What do you think about draft

40:12

meetings? Do you think there's room to grow? Which one?

40:14

DraftKings. Oh, my

40:17

God. Talk to Jason Robbins today. We'll get to go

40:19

with him when I'm out of the Super Bowl game.

40:21

I think that Jason's father was where the bands professor's

40:23

school ever had. And I

40:25

do think that his stock can come around, but it's

40:28

gotta be fifty two fifty states before we get

40:30

there. Okay? Gotta keep pushing Yes.

40:32

Hey, Jim. I'm Alyssa from Saint Pete, Florida,

40:35

and I'm a current PhD student

40:37

in bioengineering

40:38

here. So I'm interested. Is

40:40

it worth investing in medical devices this

40:42

year such as Medtronic? No. Medtronic

40:45

right now is nothing run well. I hate to say

40:47

because it's just it's not nice, but it's sometimes

40:49

not about it's not about friends, it's about

40:51

money. I want to stay away from that LPG healthcare

40:53

if you had to do it. And that laser was

40:55

the conclusion of

40:58

the lighting

41:02

round. The lighting

41:04

round is sponsored by TD Ameritrade.

41:09

Coming up, a little mad money

41:11

101 that young investors won't wanna

41:13

s from the Miami Herbert business

41:16

school. Stick with Kramer.

41:42

I know people over the country watching because

41:44

I wanna specifically address younger people

41:46

in the audience, including here at the fabulous

41:48

Miami Herbert business school. I

41:50

could say young at heart, but that's just really not

41:52

applicable. Maybe young at wallet,

41:55

I need to address something that I hear a lot

41:57

about here today. And that's speculation. I'm

41:59

not gonna be too faced. I actually like and

42:01

promote speculation. Betty on high risk,

42:03

high reward stocks, but for younger investors

42:06

only because you got your whole life ahead

42:08

if you make back any potential losses and

42:10

you will lose money. So I need you

42:12

to speculate wisely. So here are the

42:14

rules of the road. First, you can't speculate

42:16

until you put away enough money at a safe reliable

42:19

index fund that mirrors the S and P five hundred.

42:21

I have to think ten grand before you can start speculating.

42:23

That way, you can protect yourself. Even if your speculative

42:25

holdings get wiped out, you'll still have really nice

42:28

chunk of change left over. Second, and

42:30

you're gonna take chance on something.

42:32

Speculan, please, don't do it with borrowed

42:34

money. No margin. It's harder to betting on

42:36

risky stocks to begin with. Why turn into

42:38

borrowing from a loan check-in a casino? Where

42:40

the big crushes you, you wouldn't do that. In fact, never

42:42

use margin by any stock. Third, you might

42:44

not want to hear this, but if you're speculating, you

42:47

should stick with stocks. People today want to

42:49

talk about investing in crypto. I say

42:51

that's not investing. Crypto is

42:53

not really an asset class either. It's an un

42:55

regulator often read business that doesn't

42:57

protect your money. That goes double

42:59

for the joke crypto currencies like Salon

43:01

or Gardan or polka dot or chainlink

43:03

or BUYA. Okay. Maybe that booyah.

43:06

Sell, sell, sell. Don't even get me started

43:08

on dose, Coigner, Sheba. Why do

43:10

we have two of these things based on the same dog

43:12

breed? They're not even that friendly. I

43:14

got Marley and Raghu to rescue mugs.

43:16

Hey, they would be good currencies. As Sam Bank

43:18

went free proof, it's one giant

43:20

cock. And he did the conic.

43:22

Others have to now take up the man with

43:25

this triple dot trillion dollar scam

43:27

done before. There are tons of stocks you

43:29

can't spend speculated. Unlike crypto,

43:31

they're backed by shares in actual business. Some

43:33

like dead bet on single digit stocks. I hesitate

43:35

to recommend that because few CEOs want

43:37

their stocks to get down in single digits. Do you

43:39

think the fine people who run Bed

43:41

Bath and Beyond? And I mean that, of course, sincerely,

43:44

went their stock at three bucks? It's up

43:46

eighteen percent in the last two days. And the company

43:48

is about five for bankruptcy, which will most likely wipe

43:50

out that stock. So what works then? I

43:52

like any biotech that's doing personalization. I

43:55

I first started recommending Moderna when it was a

43:57

speculative eighteen dollars stock and CEO told me

44:00

they can use mRNA technology to

44:02

make the vaccine for anything. This was two years

44:04

this was years and years ago at the JPMorgan World

44:06

Health Care Conference. Sure enough. He did it. Moderna

44:08

came up with the COVID vaccine practically overnight.

44:10

Next thing you know, the stock went to four hundred ninety seven

44:12

dollars topped out there August twenty twenty one.

44:15

By the way, if you get a huge win like this, please

44:17

ring the register in some of the portfolio, So

44:19

your plan with the house's money. That's

44:21

always your ultimate goal. The house's money.

44:24

Now, I do think I like stocks that are involved

44:26

in artificial intelligence. You may have tried

44:28

Chad GPT. I used it to interview

44:30

Gandhi. I'm not kidding. I interview Gandhi,

44:32

and Chad used dynamite God. Last night,

44:35

Mark Zuckerberg AI is the future. think

44:37

he's right. We know the best way to play out. I am

44:39

conservative as with Nvidia. Their chips power all

44:41

the stuff, but that's far from speculative. It's a known story.

44:43

Find a new one. Fiberate. Let

44:45

me give you one that we like for our investment

44:48

club, and you all know it.

44:50

And that's Ford. Ford Motor

44:52

Corp. Fourteen bucks. Just import

44:54

it. Tonight, not great. Large

44:56

unit shortfall. Couldn't get the parts. That's

44:59

bad. But the future is much brighter.

45:01

You can speculate that CEO Jim Farley

45:03

will turn it around. Fourteen Smackers.

45:06

I think I can take the pain.

45:08

Can you I like to

45:10

say there's always a bull market Cramer. I promise

45:12

to try to fight it just for you right here

45:14

on mad money. I'm Jim Cramer.

45:17

Sign off from beautiful Miami. Thank

45:19

you for having me, and I will

45:21

see you tomorrow.

46:00

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