Listen to Jim Cramer’s personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money.
Mad Money w/ Jim Cramer
Mad Money w/ Jim Cramer 3/26/24
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Visit ssta.com for a perspective containing this and other information. Read it carefully before investing. Spy is subject to risks similar to those of stocks. All ETFs are subject to risk, including possible loss of principal, out-distributors, and distributor. My mission is simple. To make you money. I'm here to level the playing field for all investors. There's always a more market somewhere. And I promise to help you find it. Man Money starts now. Hey, I'm Kramer. Welcome to Man Money. Welcome to Kramer. I'll do to make friends. I'm just trying to save you a little money. My job is not just to entertain, but to put everything in context. So call me at 1-800-743-CVC or tweet me at Jim Kramer. To anyone who still insists that this market is just about Amazon, Apple, Alphabet, Microsoft, Meta, NVIDIA, and Tesla. I urge you, think again, we've got so many winners right now. It's insane. Even on a reversal day, where the market opened up and all of a bit closed down, down dropping 31 points. That's to be inching down 0.28%. NASA client point for 2%. Oh, and you want losers? Well, about the Magnificent Seven. They got two of them. Apple's down 12% for the year. Tesla's down more than 28% making it the worst performer in the entire S&P 500. Mags 7. But all sorts of other stocks are flying. I'm not just talking about Reddit or Stear Labs or the new Trump Media and Technology Group, which came publicly as SPAC merger. Frankly, those actually even worry me. They seem like meme stocks of your with no large sellers of voracious predatory buyers. Ironically, this GameStop reported a terrible quarter today, and it is getting clotted. Now, I know the myriad bears don't want to hear this. Sometimes it feels like I'm walking down Jellystone National Park, not Wall Street out here. But look out. This probably does have legs, even if you're two down Nasdaq days where people are worrying about the fate of the bull. We're getting more companies involved, the point where the market no longer has a breath problem. Even as some of this strength comes to the expense of the mega caps. Here's an idea. Let's just go over the top dozen performers just be 500 year to date because rather than a magnificent seven mark, you just want to get kind of like a dirty dozen twelve. All right. The best performer company called Super Micro, which was just added the S&P up just over 260% for 2024. Now, this is the rivet of Nvidia, so you could argue Super Micro counts as a mega cap or at least a mega cap pin action stock. That's not fair. This company provides the racks and the data centers more of a pick and shovel story for the cloud and artificial intelligence. It's more than just an offshoot of Nvidia and it was gettable. The charter we're using tonight nailed this thing perfectly not that long ago. Now, speaking of Nvidia, yes, indeed. It's the second best performer in the S&P for the year, even as it was down hard today. It's part of the broadening of the market. Remember, it opened up and then went down. That's going to be viewed as very naked for people. One day, though, does not sell off make, but I'm just trying to make a point about what's been working beyond the stock of Nvidia number three independent power producer Constellation Energy, which has a huge focus on nuclear energy with a decent wind and solar kicker. The stock is up more than 58% for the year. That's a stunning movement to utility for heaven's sake. Our nation is short on power, thanks to the data center exposure. So it's a good time to be in the electricity business, especially renewable, non fossil fuel energy with mega cap clients that don't want their utilities to use coal or natural gas or they will switch. Number four, again, is amazing. It's deckers. This is an incredible story of ugs and more important, hookup. The sneaker business, which is a strong number two to ugs. I remember years ago when deckers introduced hookup under a previous CEO and it seemed like an absolute dud, but you know what they never gave up? They kept selling it. Now let's almost say, I guess you could call it a real threat to Nike. Deckers is in the essence of what I see as broadening of the bull market to now include specialty retail. You say Tesla, I say deckers. Okay. Number five is meta. Platforms, what can I say when you fire a lot of people and your revenues go higher. That's back slivers. So meta is now printing money and a tick tock gets banned. Of course, the stock could go to the moon. Six is micron, modern chip maker. Now, you could say it's all about the storage is needed for artificial intelligence. And that's true. That's cell phones, auto, PC server. Hey, that's a little more than AI, isn't it? Beyond high performance chips, microns actually represent all sorts of industries, auto, industrial, you name it. They have broadened semiconductor play like Super Micro. It's not a mega cap. And that's what matters. Hey, then there's general electric. This one's been a nonstop stock, the best way to invest in the booming aerospace business given the Boeing the more normal way has had way too many problems. She is in the eve of spinning off its power division as GE Vernova, making the remaining company a pure play on engines and engine service. The stock's been a monster performer under CEO Larry Cole, who's committed to this new easy to understand pure play GE that he has created. And when the Vernova deal is official next week, I bet it goes higher still. Number eight is marathon petroleum, which is a refinery of all things. You want broad? Nothing's poorer than energy company. Marathon has 13 refineries, processes 2.9 million barrels in 12 states. It's our nation's largest refinery system for heaven's sake. This is the kind of stock people want right now. Not a cell phone company with Chinese exposure, even as though I think that's short-sighted. The night-besher former Eli Lilly, now you can argue that Lilly's a mega-cap. I hear that a lot, but it's not one of the mechanisms, it's not been a noises like that. Hey, the truth is, by the way, Lilly's been part of the great broadening for a while now. Thanks to this revolutionary GOP-1 drug for weight loss and diabetes. The wonder drug was actually addressed by Larry Fink, the CEO of BlackRock, in our interview that's coming up momentarily. Hey, by the way, Lilly Zepbaum, which is their weight loss version of the GOP-1, is an extremely short supply all around the nation. Talk about a high-quality crop. That is Walt Disney, which is finally roaring, because the board of directors wants to fight off Nelson Pels. They do not want that famous activist investor in their boardroom. Nothing concentrates the mind like a good old Foxy fight, right? It's interesting that Disney, which originally found $5.5 billion in costs to take out, now it's found another $2 billion in the comic card, two billion here to be in there. I think a great deal of that newfound grid can be attributed to the toughness with which Pels is famous for. Okay, tech is next with Western digital. Data storage companies predominantly disk rise, both hard and soft. It's just an incredibly cheap stock. Western digital has actually been a money-reserved late, but the estimates say business is about to flip, and you want to be in this stock when that happens. It's like Micron, but indeed with the weaker portfolio. And finally, once again, there's Eaton, the old line industrial, it's become new line by focusing on the energy transition. Yes, fossil to clean. We need that transition if we're going to be able to be what Larry Fink calls pragmatic about our energy. You want to manage energy in a responsible way, and that's what it lets you do. It's a major focus for my travel trust, which we'll discuss when the investing club convenes at noon tomorrow. Still climate sign up. Now, you can say, "Wait a second. This isn't a good enough list. There's too much tech." Well, then I can point out that sitting with JPMorgan Wells Fargo, they go up pretty relentlessly. What are the retailers? Have you seen the stock of Williamson? Are there dicks or the gap? These are incredible moves more on than later. How about Ralph Lauren, especially retail? Great shit. And then there's the run that we got from McCormick today, the Spice Company. It joins Hormel and General Mills with an upside surprise, three for three. That's by stock rallied more than 10%. Food stocks. I thought you told me they were dead, Jim Kramer. No, I never said that. Or how about Chipotle, a stock that's leading, and has an incredible performance, driving the volume of each store. Right now, their average store is doing a little over $3 million per year. But Chipotle, you can get that to 4 million with innovation and a solid loyalty club with them. I can pick huge winners from energy, healthcare, transportation, utilities, and aerospace, not to mention other retailers, insurers, all sorts of industrials. How about the orders? GM's become a real horse. FinTech. Or the companies that cater to small, meaning-sized businesses. These are all popping. In short, there are simply too many winners to name right now, including the recent IPOs, I guess your labs are Reddit, and I guess the post-spack Trump business. It's just a very strong market, and it's a rising tide, lifting many books. Commentators are somehow afraid to celebrate the strength of this market. I understand that. Someone has happened to say something really positive, and then the next thing you know is a negative right after they applaud, leaving them stuck with a YouTube video that makes them look like morons. So no one ever wants to go out on a limiting positive. I know from experience, that's just a business. There's no way they can say, "Wow, is this tape great? Is this great bull market terrific?" Because they're too afraid. Instead, they just point out a lot of good charts, and some terrific companies let people draw their own conclusions. But the bottom line, when you look at all the groups that are winning here, how can you not like this market? And like it much more, more importantly, if it goes lower, which at this moment would be very much a gift so you can do some buying at better prices. I want to go to Yvonne in Connecticut, Yvonne! Booyah, Jim. I'm a college student, and I've been watching your show for a long time, and I'm also a club member. So thanks for all your advice. Oh, thank you. Thank you. Great combination. College, a young person, club member. Fantastic. Fantastic. How can I help? So with the athleisure industry's recent dip last week and Lulu, I'm inciting a slower quarter. What does their outlook look like? Wow. This is such a, I've been debating and debating and debating this. I am now beginning to believe that there are people who have figured out Lulu's formula and are coming after it. There's Fiore, there's the new gap that's led, re-energized, and I just think that there's, let's just put it like this, the competition has heated up. Let's leave it like that. Richard in California. Richard! Jim, thank you so much for taking my call. I really appreciate it. Jim, the stock that I'm interested in having you look at for me is Shake Shack. I've been watching it for a while and noticed the jump on the last quarterly earnings, and it's off about seven and a half percent already from that high of almost 111. I'm thinking of entering a serious position in it. I have an opinion and wondered if you could take a look and see if you have a buy or sell opinion for me looking. It hasn't had a very big move. I will tell you, we have liked Rob Lynch historically. We think he's a terrific CEO. He has come in there. I think he's a breath of fresh air. I do think this stock needs a bit of a pullback because it sells at a very, very high price or earnings vulnerable, but I like what you're going. I like where you're going because I like the management. Now, to anybody who still insists that this market is just about the Mag 7, please, I urge you to think again, even if it goes lower, all right? We've got so many winners right now. It's kind of insane. But I think if they come down, that's a chance to buy, not sell. Our red money tonight, BlackRock CEO Larry Fink is out with that annual letter of his today where he starts a conversation about the long-term issues that he thinks are important to you. And I'm sitting down with him in a rare two-part interview. You get his view on the market and what he thinks we need to stay focused on, including retirement. Then the stock of trafficking just had a monster run the last year, so should investors take a gamble with the stock at these levels? I'm going to have to start to see where the online sportsbook could be headed. And I think it's an amazing moment for retail. So I'm revealing three names that I think represent strength for the reward that you can buy on weakness, so stay with Kramer. Don't miss a second of Mad Money. Follow @chimcramer on X. Have a question? Tweet Kramer. Tag "Mad Mentions." Send Jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. Miss something, head to madmoney.cnbc.com. 1-8. That's how many people have worked better McDonald's, who served millions the best Big Mac and best birthday party they've ever had. I haven't just seen kids graduate from a happy meal, but I've gotten help graduating themselves because they know the skills learned here. Jiminidos, welcome to English Under the Arches. It can help you grow from here, or keep growing here. 1-8. Start at McDonald's. And where you start, stays with you. The spirit of performance defines Accura, and now it's electric, introducing the all-electric ZDX, Accura's most powerful SUV yet. While what powers their cars may change, the energy that makes Accura never will. Crafted using the same formula that brought them electrified supercars and multiple MSA championships, the ZDX has tracked tested performance that packs an energy all its own. With a premium bang and olives and sound system, and up to 313 mile range on a single charge, and a type S variant with an estimated 500 horsepower, the ZDX is everything they said electric could never be. It was built with the driver in mind, just like Accura's been doing since the beginning. We could talk all day, but the only way to experience this electric performance is to drive it yourself. Drop the energy, and order yours at Accura.com. There are very few things that are truly required reading in this business. Warm buffs to annual letters, shareholders, the transcript for Gen C Wong's annual GQC keynote address are the alerts we send to the CMC Invest Club biased. And definitely the annual letter to shareholders from BlackRock's co-founder, chairman, and CEO, Larry Fink, from his perch atop BlackRock, which is the world's largest asset manager. Fink has a truly unique perspective on the capital markets. So what's on his mind this year, he's primarily focused on two topics, helping people save for retirement in a world that makes this very difficult, and infrastructure specifically how the capital markets can help raise money to build and repair everything we need, give them what happened in Baltimore this morning. It's hard not to see the need for new infrastructure. We're going to read the letter when you've got time, but first, earlier, we got a chance to speak with Larry Fink, who has possessed about trying to get younger generations to save money and invest it in our capital markets. They just aren't doing it much at all right now. Take a look. Larry, this was perhaps the most important of your letters, and I read every one of them, and that's because, frankly, you are laying it out. There is a generation of people that will never, ever catch up unless they read this and understand, understand that as a nation, we just don't help them. Look, I write about fear and hope. I think one of the major components of fear is for so many people about how can they have financial independence, but more importantly for so many, how can you live your later years with dignity and decency, and we don't talk about the whole crisis of retirement. This is not just a U.S. phenomenon, this is a phenomenon worldwide now. Last year I traveled to 17 different countries, and I've never had more broad conversations about the need to think about retirement, whether it's in a middle-class developing country or it's a very advanced developed country, they're rethinking about how should we be thinking about retirement. In the coming years, we're going to be doubling the number of people over 65 years old, and we're not preparing society for that. One of the big things for me, Jim, was there's not a day that doesn't go by, we don't talk about the miracles of drug discovery, especially when we talk about the weight loss drugs and the power of what they're doing, the miracles of what they're doing in terms of helping kidney disease and joint diseases and heart diseases and diabetes. There's new miracles coming on related to dementia and the slowing down the pathway for dementia. We're extending life, these are miracles, these are blessings. These are people, younger people, they don't know how to invest, they are scared to invest, they are intimidated, they don't feel they have a penny, a live one, and worst of all, they do have no hope, and they tell you when you confront them that that's the realistic position, no hope, because our generation had reason to be hopeful, and they don't. Well, I don't think also the younger generation knows where and who to listen to. Let's, you know, more of them are listening to some form of social media, they're not reading anything long form anymore. We weren't blessed that we had actually long form media where we really learned about issues and more fundamental issues. But even back 30, 40 years ago, we didn't talk about retirement, we never talked about things like retirement before, but now we must, we have no choice. You know they feel that they can't afford to retire, they will work, this is disjointed, they will work to the guy, because they have no money, they have huge college tuition, and no one tells them how to put money away, and they would tell you what money, inflation has destroyed me, I'm 23 and inflation has already had the best of me. Now when you and I were young, we actually had worse inflation than the young people did too, and we were able to find it out, we had just, we had much larger inflation. So look, we're going to get by this, but we need to be thoughtful about how do we build that process, and look, I am bullish on these young people, they are smarter than we were at our age, they have more global understanding of the world, they're going to be put to work and have finding wonderful opportunities, if they put their mind to it, if they have the energy behind that. But how do we do it? See it is up to you and I, I mean actually maybe up to you and I, I mean they feel disconnected, they don't want to put themselves in our shoes, because they think our shoes are too big and it's ridiculous, they have no bootstraps, they lost their trust in the country. I think the lack of trust in our country is one of the huge issues of today, because they don't know where and who to listen to, and I really do believe we as leaders, you in your role, my in role, we have a larger responsibility of speaking the truth with facts, with consistency. And I think this is what my, my letter is doing, we're talking about some of the big issues that we're afraid to talk about, you know, I'm an optimist, we always talk about high monopolies. Yes, you and I are both options. I'm an optimist because we talk about many of the problems. You read a front page every day, it is full of, you know, problems. Right. However, what people don't realize is if we talk about these problems, we generally mitigate them. In fact, most times the problem is never get as severe as you are. What I worry about is when we never talk about these problems and the problems get worse. And to me, that's why I wanted to focus on retirement, because this is something that we don't talk about. We put it under the table because it's not today's problems, it's not about the moment, but it's about the building a nest egg for retirement takes 30, 40 years. And so I understand a lot of young people don't even have the money to live a proper life. But there are many who are going to find, working at fine organizations, fine companies. And, and we all have that responsibility to help them down that pathway. Well, one of the reasons that I really love this letter is it's filled with optimism. You genuinely leave. If we can grow out of our problem, which people don't think we can, and you actually provide a solution, we have millions of jobs that can be created, literally millions in our country, by being pragmatic about energy. I thought it was terrific. Right. Well, this is a phrase that I've heard across the world that we have to be decarbonizing at the same time, and we have to continue to be making sure that we have energy at an affordable level. And so we need to have the hydrocarbons today. And so this energy pragmatism that I heard worldwide, even countries that, but the one thing that I'm hearing from so many countries, they're aggressively decarbonizing as fast as they can. But at the same time, if they're growing at 8% like in India, they're still using coal. And they must use coal because they don't want to be dependent on OPEC to buy more and more and more. So they're growing their economy, they're growing their economy with more and more investments in energy with decarbonization. But that's the future. This is why we're talking about infrastructure. We need to do more public private. We need more private capital than you put into work. And so then government can be spending more money on other issues. Now, there is a belief that with no cost coming down, with food being so expensive, with college tuition leaving a lot of debt, that it's almost foolish to try to save. This is their view because how are they supposed to, hey, rent if they're saving? Look, life is a full of trade-offs. I mean, we all have trade-offs. And if you don't have enough for your rent, obviously you're not going to save for retirement. But there are many people who are renting and having a role in a job that are ultimately through their work. They're able to build some form of nest egg. And the key is putting that money to work. It's not keeping money in a bank account. It's about the compounding of a return and building a retirement over a long horizon. But how do we make it so that retirement investing is more automatic in this country? Good question. Well, we need to have 57 million Americans do not even have retirement. That's what you're talking about. Now, they're going to work till they die, Larry. Unfortunately, they have... But here's the blessing. I just said, we're all going to live longer. That's a massive blessing. We don't have. People in this country do not have back-breaking jobs like we had 50, 100, 200 years ago. What is wrong about working longer? Okay. But we have to change our psyche. First of all, every human being needs a purpose. And most people find purpose in their job, in their family. And it's a balancing act. Everything is a balancing act. And look, I do really believe that investing allows people that platform, that background to grow and to have the ability to have money when you're stopped working to live with dignity and decency. But how do we convince them, like we were convinced by our parents, that we are going to make more than they did? I knew from day one, my father said, "You will make more than I do, and that's what's going to happen to you." And I had that. Everything's given. Okay? Come on. You're going to make more than I do. No kid I know thinks they're going to make anywhere near what our generation is. I'm more bullish on that, Jim. I think there's going to be, you know, there's so much room for innovation at the same time. We were in a lucky part. We were in a lucky era. We were in a lucky era. But we were in a lucky era because we are the foundation of growth as an economy. And that's why I'm calling. We need to be thinking about not cutbacks. We need to be talking about how do we grow, how do we build. If we start really building on our infrastructure in our country, if we start working on digitization and decarbonization, we're going to create a lot of jobs. And wages are going up. This is why, as you know, I've been talking about higher inflation for longer, stickier class, and I still believe we're going to have higher inflation than most people believe. And much of that is going to help those people who are worried. I mean, wage inflation is continuing. Food inflation has moderated in the last six or 12 months. But we did not account for how much inflation we had in late 22 and early 23. I mean, if you add up food inflation, if you add up all the measures, the way you measure inflation back in the 80s, inflation was close to 12%, not what they've said for the average person. And that's what they felt. More with BlackRock Chairman, CEO Larry Fink, when we come back. Coming up, stay tuned for more from the brains behind BlackRock, Kramer and Larry Fink keep the conversation going, next. Resourceful small business owners know how to get value from the purchases they already make for their businesses each month. 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When you get a chance to speak with Larry Fink about some of the most important topics in finance, you've got to stretch that conversation as long as you can. Take a look at the rest of my very wide ranging and yes, very optimistic conversation with BlackRock CEO Larry Fink. Let's go over the social media thing you started with. There are a lot of people who think the system is rigged against them. I never felt the system is rigged against them. I don't think the system is rigged against anybody, it's not personal. I don't think the system is rigged, but I believe the problem is we don't know who to listen to. We have such extreme views, we're not basing everything on facts anymore, we're basing it on opinions. Even newspapers are more opinion papers now than news. We have to get back to the facts. We've got to build dignity and decency again, we've got to believe in each other again. One of the things that my parents taught me, and I'm sure your parents taught you, is you got to believe in yourself. It starts with you. I believed in myself, I believed, not just that I was going to believe that I could earn more money than my parents, actually I never thought about it in that frame, but I believed in myself that I have a real chance of doing something, and I do believe I see more young kids who are joining BlackRock. They believe in themselves, they believe in they have a future, and I don't think the stark is how you're framing it, but there is a large component of society that is saying exactly what you've said. Can we teach it? I mean I felt like I was doing something for 19 years with bad money, I finished your letter, I don't think that got through to anybody. Look, I think my letter is really about optimism and a pathway to move forward, and I do believe we all need to be focused on a pathway to make more people have hope, and when more people have hope and less fear, and I think everything you're framing is that more people have more fear today, we need to have pathways that create more hope and more certainty. Right now, people believe that the deficit is too big, so they buy Bitcoin. How about if they bought shares in an infrastructure fund, which is trying to combat the way that our country does business? I think there's going to be many great opportunities to invest. But I like this. I like this infrastructure. I'm in a big believer in infrastructure. Because I go to our airports, the good ones, and they're obviously public-private partnerships. Yes. This is what we're talking about. And the money that they can charge is to do it is high, and that gives us a chance to invest in something that's more than just a bank account. And you witness when the private hands are owning these airports, the quality of services is better, smaller lines, just a better, there's more money going into it, fixing it up to make it a great service. Right. And I'm talking about the global infrastructure partners buy, which I thought was brilliant. Yes. Because we all think that the government doesn't work, and yet here we are in a London airport, and the government didn't work. They gave it to global infrastructure partners. They sold it. They sold it to them. And that was just absolutely terrific. Yeah. And this is also part of the energy pragmatism. We can let these companies do carbon capture, but we can also let them drill. Correct. And that's what we exactly did. That's why we're partners with Accidental Petroleum. Which I thought was brilliant. And I'm very bullish. The largest direct-air capture in the world, working with an energy company. I said that in my 2020 letter, we must work with these energy companies, not against. I mean, here we are. BlackRock has become one of the largest companies in investing in deep carbonization like direct-air capture. But you also want to leverage energy security. We own over $180 billion in traditional energy companies. I mean, we're working with them. We are working with one or two other projects with traditional energy companies, both on non-traditional energy and new opportunities. And I do believe there will be really great opportunities for investing in infrastructure. Okay. And then you want to just intersect AI. You intersect AI in the power of information and data. You're not going to stand for it. You're not going to stand for it. We don't want to go to Stanford with AI. AI is not going to Stanford. Correct. AI. Well, AI coding is in English now. It's not some code. People should realize that. We're going to be democratizing information. And that's going to empower more people to have more opportunity. But more importantly, we're going to need huge sums of money to invest in these data centers. Yes, we do. And if we're going to be the leader, if we're going to be the leader, and I must say when I talk to every other country, every other country wants to be a leader in AI, and they're going to be investing in this and building data centers. And every data center people are going to want are going to be with decarbonized technology, wind or solar. And so we're seeing this live. A little optimistic, so I show my daughter, it's about to be 30. She's going through the letter, it was important, but I show her. And she takes her phone out and she takes a picture of it. I said, what do you take a picture of? And she goes, I'm taking a picture of the total returns since BlackRock's IPO versus ES&B. She said, this is what you need to show people, dad. Yeah. You've got to show people that they can make far more money than they think. Well, this is why I've always been against people keeping all their money in a bank account. Because in every country, I've done that chart almost in every country, including Japan, you do better owning equities than keeping your money in a bank account over the last 30, 40 years. This is just a picture that speaks $100,000. You can get this word out. You, me, others who feel the same way you do about capitalism, we can get the word out. Think about if you owned the companies that are heavily into AI, or you invested in the companies that are creating these new drugs for weight reduction, or companies that touch everybody over the since its beginning, like a Lulu Lemmer, or Chipotle. Right. Well, we will get this done. I mean, these are, these stocks have done unbelievable. People must read this letter in order to be optimistic enough to think correctly. I want to thank a lot of things, the Chairman's Seal of BlackRock. Your best one. Thank you. Thank you. Thank you. Coming up, can daily fantasy win the day? Kramer goes off the charts with a look at DraftKings. Next. When we've got a strong market like this one, sometimes it pays to just stick with what's working. I'm always on the hunt for new ideas, as you know, but when the old ideas keep racking up consistent gains, they'll never think it. Too often winners just keep winning. Now, that's why tonight we're going off the charts with the help of Dan Fitzpatrick. He's a terrific technician who's the founder of Stock Market Mentor and host of his own podcast, The Fits Factor. Take a closer look at one of the best performers of the past 12 months. Remember, back in late January, Fitzpatrick pounded the table in NVIDIA and Super Micro. Two obvious winners that have been roaring back then, and now they're both dramatically higher. NVIDIA's up nearly 330 points from those levels, while Super Micro is more than double. And now, Fitzpatrick is ready to pound on one. I didn't even want to pound on one. He's ready to pound the table on DraftKings. The online sports betting play with a red hot stock that shows no signs of slowing down. Not only does this company have accelerating revenue growth or ARG, it's also about to pit it from losing money to actually turning off sizable profit this year. No wonder the stock's been a horse. Fitzpatrick knows that it's been outperforming 96% of all listed stocks, putting it in the top 4%. And when he looks at the charts, he sees strong signs of institutional buying still. In his view, the big money managers have anointed DraftKings as he winner, and they're going to keep buying on the way up for quite some time. What gives him that impression? First I want you to take a look at the weekly chart of DraftKings. Fitzpatrick points out that the stock is both an up- and up-training 40-week moving average and a 10-week moving average. Both the long-term and short-term trajectories are very strong. Now, look at what's happened here. Back in 2022, so let's go back here. If you have just printed a double-bottom reversal pattern, and since then, it's been pretty much unstoppable, double-pattern, reverse, very important. Now the stock broke through its 10-week and 40-week moving averages with the shorter-term 10-week, which is in red, crossing over the long-term, right here, right there, the longer-term 40-week in early 2015. Now this is what technicians call a bullish crossover, right here, bullish crossover. And for Fitzpatrick, that marked the beginning of a brand new uptrend in DraftKings, one that's still chugging along just fine, DraftKings, boom. Now as he said at the 40-week moving average out in the future, because he thinks that's the trend line for DraftKings. As long as the stock continues to hold above this key moving average, Fitzpatrick thinks the stock is safe to him because he should be able to continue marching higher. Of course, if it breaks down below the 40-week moving average, which is the same as the 200-day moving average with daily chart, then he says all bets are off and you should be taking profits. Do you understand that? That is the way that technicians think. Yes, we all wish that it would just no matter what it would bounce and it wouldn't change its mind, but they don't think like that. Now our fix is confident that DraftKings can keep marching higher because he sees meaningful signs of institutional buying here. And when money matters with deep pockets decided to build a position in a stock, their buying can be almost endless. Where is he getting this? All right, check out the volume bars down at the bottom. Over the past several months Fitzpatrick notes that the tallest volume bars are all green. I know it's difficult to be, you can tell green versus red. Look at that piece, for instance, that's a good one there. During pullbacks, the red volume bars are much shorter. That shows there's limited selling pressure. This kind of volume pattern is the hallmark of institutional buying and that's very good for anyone who owns DraftKings. All right, now let's zoom in on the daily chart. You can see a bunch of things going on here. First, throughout the uptrend that's started early last year, Fitzpatrick notes that the stocks had multiple big breakdowns below its 50-day moving average. Now that's the floor, okay, you want to look at this, right? That's the floor for him. These circles will have multiple breakdowns. Typically, a breakdown below the 50-day would be a sign of trouble. However, when you drill down on these three periods when the 50-day didn't hold, you can see that all three were sell-offs on relatively weak volumes. You see, you have to measure the volume. If it's low, then of course it tells you that it's not a true decline, one that you have to take action on. So Fitzpatrick, this means that every time the chart started getting ugly, so weak hands got shaken out, that makes sense, right? But most of the shareholders decided to stick with DraftKings. Sure enough, each time the stock was bounded back above its 50-day moving average. These rallies occur on heavy volume. The spike in volume shows you the real, real market. It's really going on, and that's what we saw in the weekly chart, lots of institutional buying. Once the sellers evaporate, the buyers come in with a lot more firepower. That said, DraftKings appears to have moved into a new phase over the last couple of months. From February to mid-March, the stock is trading sideways only like volume, with technicians going volatility squeeze. DraftKings is making a series of lower highs and higher lows, with its trading range getting narrower and narrower. But Fitzpatrick says that the volatility squeeze will result in a kind of pinching dynamic, and the low volatility stocks end up being primed for big breakouts. And that's what happens after one week ago, when DraftKings suddenly worked higher, on much higher value. It's like a bunch of buyers suddenly realized that March Madness was upon us. DraftKings betting March Madness. Usually a stock wouldn't get so much love from something that's literally an encounter, but what can I say? The moment the NCAA tournament started, DraftKings caught fire. It makes sense. It says that the stocks continue to rally. At this point, Fitzpatrick thinks that DraftKings is a little bit overextended above the 50-day moving average, which is the first real floor of support. You remember? He's talking about that before. That's why he recommends maybe being patient, waiting for a bit of a pullback, if you don't want it all ready. Right now, the stocks is $48 and change, while the 50-day moving average sits at just under $42. So maybe you want to see if you can get a better entry point down, a few points from here. And remember, if your everything starts breaking down below its key moving average, Fitzpatrick says yes, the change changes the thesis, and you should be ready to bowl with a predefined exit plan. My view. Look, I like DraftKings. I thought the company had a lot going for it when reported, what was widely called a mixed quarter back in mid-February. I said it was much better than that. If you did your homework, the quarter was very, very encouraging. Here's the bottom line. The charts are tripped by Dan Fitzpatrick suggest that even though DraftKings has already given us some incredible gains, the stock that have a lot more room to run. That said, he still recommends waiting for it to cool off before you buy it too aggressively. And you know what? I like March Madness, I think he's going to be right. Fastfire Lightning Round is next. Can you tell us what you're doing and what you're doing to give information to people because we know information of power in the market, so my point is it's made about state street. No, actually, I actually want earnings leveraged right now, which is why people like City, and I like Wells Fargo and Morgan Stanley as you tune in tomorrow at noon at the investing club. I'm going to talk about that concept. Let's go to Elizabeth in Florida and Elizabeth. Hi, Jim. I was wondering, what is your outlook for Visa? Oh, I like Visa very much here. I like that settlement that was announced today. I think that that's actually going to get a, it's going to clear their heads a little bit. The stock is too close to it's all time high. If it comes in a little, I would be a buyer, a V or V, whatever, rich in Colorado, rich. Hey, Jim, thanks for taking my call. My wife and I are both members of the investing club, and we think joining the club is the financial degree we've ever made before to listen to you in New York for everything you do for us now. Thank you. Thank you. Thank you very much. What have we got? Well, I want to get you a opinion on how do you think it will industry? Okay, this is a very good Navy contractor that I've liked ever since the spin off, which is now dating me years and years and years ago. Now, it's had a very big run, but I think it can go higher. It's a winner, not a loser. How about we go to Gary in North Carolina, Gary? Hey, Jim, it's a pleasure to talk with you. I want to tell you, I run across a stock that I really like, the small cap drug stock. It's called Shark Industries. The symbol is GTLAS. You know, I discovered this stock. This was a company that we owned for a long time. It is absolutely terrific, sells it only 14 times earnings. You're on to a good one. It's very good for industrial gases. Stay along that stock. Let's go to Rob in New Jersey, Rob. Who you got, Jim? Who you got, Rob? Jim. Oh. Jim, my kids are interested in stocks. I'm looking at AECOM. The last five years has had great stock appreciation and growth, but revenue is down. Do you see the stock continuing to reside in the house of pleasure? Well, I think they only like to take business where they can make a lot of money. That's why you have that. They're a very shrewd selector of business. That said, the stock is at its heart. Well, the point from its high. We're not going to buy stocks that close to their high when the market looks soggy like it does now. We want it to come in a little before we buy AECOM. And that, ladies and gentlemen, of the Lightning Round! The Lightning Round is sponsored by Charles Schwab. Coming up, these three retailers have toppled the doubting Thomases. Can they bag a return for your portfolio? Stick with Kramer. We keep hearing about how the consumer is weakening, and there's real trouble brewing under the surface in retail. But man, I've really seen so many retailers doing well once, come on, sure there are a couple of awful retailers that have struggled, given plenty of merchandise, do a closeout change like TJX was showing for my charitable trust. Apart from that, though, it's an amazing moment for the industry. First, Walmart's rejuvenated self like you can't even believe. I urge you to go there. You'll see prices like the old days with amazing overseas sources. Second, Costco is delivering insane numbers at the time when everyone's supposed to be so cash-strapped. They have the lowest prices, and they're doing a gigantic amount of business per store. Third, Target just reported a sharply better than expected quarter, a Marvel, which shows that this company still got it. Plus, the stock's substantially cheaper than Walmart. I think Target can go much higher. But let's get granular. Let's consider the gap, Williams Sonoma, and Dick's Sporting Goods, three of the hottest stocks in the universe right now. Almost everyone I know gave up on the gap years ago, when Old Navy, the real growth engine slowed and their flagship gap just vanished as a factor in retail. No more. Under CEO Richard Dixon, there's a giant turn going on at Old Navy, and they even say gap is now turning too. But now, our public and athletic haven't turned yet, the trajectory says they will soon. Have they do it? The old-fashioned way, better merchandising. Dixon spent a ton of time on his car before talking about brand reinvigoration. He's bringing it. He's executing it at a super high level, too. We're just gaps gross margins expanding by and it's standing 530 basis points. As he put on the call, quote, "Gap was built on strong product narratives with brilliant marketing expressed through big ideas," end quote. Of course, gap's been through so many CEOs that you think, "Oh, same old promises." But the stock is up 33 percent this year, and that tells a better story than anything I could say. How about William Sonoma, CEO Laura Alber has this chain firing on all cylinders. Now, she had her doubters coming to the quarter with both Goldman Sachs and Morgan Stanley rating this stock up. Both firms changed her tune when they slow the latest results, because the gross margins expansion from sheer execution was just too great. The earnings magnificent. They had no choice but to upgrade. Goldman and Morgan silly both thought that the margin improvement would flatten out, so when that didn't happen, they had no choice. The combination of great merchandising and a fantastic e-commerce first strategy allowed Alber to crush the naysaying analyst. This stock was $118 a year ago now. It's $308. Finally, let's talk Dick's reporting goes. Right now, like he's hurting. In the old days, you know what that meant, it meant that Dick's will be hurting too. Not anymore though, under the incredibly underrated Lauren Hobart. Remember that name, the company delivered a merchandising margin explosion. Other than 300 basis points picked up over the pre-pandemic 2019 level. If you're getting trash, hey, no problem for Dick's, it's a bright spot. Plus its new format, this house of sport is laying waste to the estimates the street was looking for almost flat same store sales for the company. Now they did 2.8% growth. That's a gigantic upside surprise, and that's how this stock has rallied nearly 50% for the year. I present these three, not just because they're performing at an ultra high level, but because the analysts almost universally disliked these three stocks. Oh, there were some kept buy ratings, but only a small number of champions. People just didn't see these numbers coming. They were so caught up with the fed and the business cycle that they forgot the big picture. Retail's about having the right amount of exciting merchandise, just enough inventory, excellent margin expansion, and most important, terrific leadership. The cap, Williams Sonoma and Dick's sporty goes, they have all three, which is why they could roar even when so many people were writing off the entire group. I like to say, there's always a bull market somewhere, and I promise you I'd find it just for you right here, I may have money. I'm Jim Kramer, see you tomorrow, last call starts now. All opinions expressed by Jim Kramer on this podcast are solely Kramer's opinions and do not reflect the opinions of CNBC, NBC, Universal, or their parent company or affiliates, and may have been previously disseminated by Kramer on television, radio, internet, or another medium. You should not treat any opinion expressed by Jim Kramer as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Kramer's opinions are based upon information he considers reliable, but neither CNBC nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. To view the full Mad Money disclaimer, please visit cnbc.com/madmoneydisclaimer. With Capella University's game-changing flex path learning format, you gain relevant skills you can apply to your career right away, earn your degree from an accredited university, and be confident in the quality of your education. Imagine your future differently at Capella.edu. Capella University is accredited by the Higher Learning Commission, learn more at Capella.edu/accreditation. [BLANK_AUDIO]