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Mad Money w/ Jim Cramer
Mad Money w/ Jim Cramer 5/17/24
electricity a big idea that's inspired countless new ones from powering the light bulb to virtually powering our entire lives 30 years ago State Street launched the spider S&P 500 ETF spy a big idea that inspired the world to invest differently and still does what can you do with spy before investing consider the funds investment objectives risks charges and expenses visit ssha.com for a prospectus containing this another information really carefully before investing spies subject to risks similar to those of stocks only TS are subject to risk including possible loss of principle loves distributing distribution homes dot com knows that when it comes to home shopping it's never just about the house or condo it's about the home and what makes a home is more than just the house or property it's the location and neighborhood if you have kids it's also schools nearby parks and transportation options that's why homes dot com goes above and beyond to bring home shoppers the in-depth 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the bears are fighting an uphill battle unless they can get some definitive sign that inflation is heating up I don't see it now I'll only gain 134 points S&B advanced 0.12% but that intrinsic Nasdaq refused to play along and the dipping 0.07% this market feels like a waiting game does it perhaps wait it's waiting until next Wednesday when we get the biggest earned support of the entire year or at least it's starting to feel like that but I do not want to get ahead of myself so why don't we go over to the game plan for next week there's in the electric just an electric work Monday from a man who is full of surprises that's the cash Aurora the Incopoly competitive CEO of Palo Alto networks PA and W the cash was not happy with his last quarter nor is the street and what was I means my chapter so that's not got clobbered I dropped them 366 to 266 minute that's a clubbing since then power out those changes mission embracing a platformization strategy acquiring IBM cyber security business this past week now we own it for the chapters as I mentioned you know what I am betting that this will be a better quarter than the previous one Tuesday's got some huge quarters starting with Macy's which will be Tony Springs first full quarter as CEO if you're being promoted from running Bloomingdale's we did such a great job I am expecting solid results now can Lowe's put up good numbers even if it's chief competitor Home Depot said do it yourself renovators are weak we can do and that's important because there's just not a lot of housing turnover Lowe's is so well run in such a good place for partners that I think the quarter might be well received but they do have more do it yourself first at Home Depot as a percentage of the entire mosaic after the close we hear from tall brothers now I bet CEO Doug yearly talks about how home prices keep going up but the buyers don't stop the housing shortage is just that powerful and those who are doing well financially they want to buy from toll I've known this company since I was a teenager in Philadelphia and have watched them perform amazing things yearly will give you an incredibly comprehensive overview of the business now this morning Matthew was was who is the Dean of retail and that analyst by the way JP Morgan had terrific things to say about TJX which like Palo Alto is a big position much out of trust where you can get out your home proprietary research from the stocks that we own if you join the CBC investing club I think TJ's gonna do a great job but please don't trade it that's you don't trade it that morning because magic tends to tell conservative and someone say downbeat I just say non promotional story but it throws people off oh in the first move for the stock at the opening is almost always wrong no matter what then there's target judging by how well Walmart did yesterday I have to believe the target could put up some pretty good numbers now the growth retailers it's classically cheap trading just 17 times earnings 2.75% yield and their stores while the brands that they have are legion that's how cheap they are target stores have a good look right now I think they have lean inventories all which points to a better quarter next analog devices has been one of the stored industrial semiconductor plays IOT typically and it's worked its way higher over time it does have moments so like when it reports where it lets people down but I think that's when you have to buy analog devices because it's ship selling to many industries that are currently in bull market mode way of Sonoma under Laura Alberts been such a strong company it's a digital business the dominant business line and its stores and its version dies are always fresh and joyful which resonates with the public hence the stock spectacular run from 115 to 309 inches one year Alberts is not assuming non-promotional but what she's done is just nothing short of extraordinary by the way it's also a testament to the power of good taste Wednesday night brings perhaps the most important or support of the year as I mentioned that is yes for indeed for Nvidia at this point late last year the company shock Wall Street bar for your sales that looked that was actually four billion dollars above what we're looking for one of the biggest misses I've ever seen which goes to stock to fly so high that it's been the rest of the year consolidated ever since then and videos had the most analysts coverage I've ever seen more mind share this market everyone talks about it constantly and that's because of two trends two trends it dominates accelerated computing and generative artificial intelligence and videos chips are the power behind so many advancements and other than AMD nobody else has a product that comes close and videos going through a transition from powerful chips to even more powerful chips which now go under the name Blackwell and a lot of people are worried that the transition could be hazardous because who buy the old chips when they know that the new chips are coming even though of course they're an allocation and it'll be really hard to get but you know what that's what people doing is sending doctors my entire life plus the old chips here are quite cable when you stack them up together to doing amazing things they're not worthless they're not out there they're not outmoded in the meantime Nvidia's roadmaps pretty unclear all that said I expect some extreme volatility around this quarter I'm not going to tell you to buy it Monday that's too simplistic this is no trade my mantra remains the same Nvidia own it don't trade it only Apple is in that same class with me be ready at the stock falls back one controversy I'm gonna give it some controversy and it's not Nvidia it's elf beauty ELF the maker of inexpensive makeup that's taken the world by storm many skeptics in this stock is Pete we frequently have the CEO trying a min on the show and I think that elf has done this got a lot more upside and meme was the one last time and I just thought he told a fantastic story you know they only have a small piece of the cosmetics business and I've been recommending it others have been shorting it they will be wrong two controversial names report that night to snowflake and VF Corp now both of new CEOs street art Rama Swami took over from the legendary Frank Sloopman is snowflake and you know what I'm so not sure exactly how the companies do it there are reports that he's about to do a major deal with a startup called Rekka AI for more artificial intelligence exposure that'd be good VF course run by Bracken Dowell late of Logitech and he's still trying to get his arms around that mess you heard it not his fault but it could be the quarter he lays things out for the future and look I don't know might take a little bit longer but I like him let's see if we can like the company Thursday morning we hear from the apparel company it's producing the best numbers of late and that's Ralph Lauren CEO Patrice Lebe has been able to reach younger generation use them with a lot of really contrary you really I'd say fashion forward ads how about that and he's converting them to great brand last time we reported terrific quarter but it took a couple of people realize how good it was the same thing that happened again now one of my favorite medical device companies met trotik they also important in the morning it's been getting a lot of approvals that I think can lead to big numbers I may be early to Boston scientifics the current favorite but this one's turning into a winner if the close we get results from the footwear champ which is deckers they own us which we all all know but those are on hookah the hottest athletic shoe save maybe on which is simple on on I still I expect still one great number great quarter from deckers people embedding against it I think that's ill advised now one of those consistent FinTechs is going to report on Friday and that's into it now they own QuickBooks Mailchimp credit karma and TurboTax I think to it had into it a great tax season small businesses just can't stay away from the QuickBooks finally raw stores an off-price chain like TgX should also deliver an excellent set of numbers the frugal consumer loves them both and there's out there's room for both of my things as far as I'm concerned plenty of room because that is exactly the segment that we find more people in than ever the bottom line lots of love next week but look for many it's really just gonna be about in video I'm not kidding anyone I just hope we clear out the short term traders from video and then up with a more reliable steady believing shareholder base let's go to tray in Texas tray Jim for 50 years Oscar Meyer has claimed they have a way with baloney and in my knowledge no one has ever publicly disputed this until now my question is twofold first as craft seeks a buyer for the brand does private equity find value or do they call baloney and second would a potential sale be good or bad for craft time shareholders okay this is a great question because it's such a story brand but story brands aren't going for a lot of money why because they're not considered to be fresh they're just storied I'm not saying they aren't fresh but they're not considered to be about Wall Street you're not going to find a lot of whole Oscar Meyer in Whole Foods therefore I'm going to tell you I think it's a not it's it's not that important and craft times by the way has a lot of products that I think are not that important which is why I haven't recommended that stock in ages Doug in Alabama Doug hey Jim Doug hey Jim I think over position in Pfizer what do you think I like Pfizer here to start it's making a big turn people don't even seem to be aware but I've been talking about it every day in the office I keep saying is anyone watches turn in Pfizer 5.1 you have an eight percent yield I always like C. Jim which the old Seattle genetics I think Dr. Borliss got it right they have a lot of cash yes Pfizer is a buy let's go to Dave in Massachusetts Dave hey Jim it's a big buck now who you have from that class of 69 well you know my wife's on the board of Bucknell and so do anything for that great school how can I help other armor how's it what you call there I am a huge I am a huge supporter of Kevin Plank I am not a huge supporter of the stock and the reason is because there's nothing more competitive than that industry I bet you have Kevin it shows another industry to be crushing it but you're up against like you're up against hoku you're up against new balance I mean you know these are just serious competitors and you got to be on your game every second all right look there's a lot to like in the competition party this week but for many out there it's all about Nvidia Nvidia on it don't trade it I'm ready tonight I bring you a powerful story about how AI is you can put to a ground breaking purpose featuring Bill Newdy and everything ALS that's your organization then could tough times been brewing for this market I don't know I'll go off the charts to see out in one technician says we ought to be a little more wary and don't miss my homework one of former meme stock that's had a huge run-up that is worth exploring so stay with Cramer don't miss a second of mad money follow @chimcramer on X have a question tweet Cramer #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 take your business further with a smart and flexible American Express business gold card it offers flexible spending capacity that adapts to your business you can also earn up to $395 in annual statement credits on eligible purchases at select business merchants that's the powerful backing of American Express terms apply learn more at american express.com/business gold card Fact running a business is not getting easier on your wallet with higher expenses on materials employees distribution and borrowing everything costs more also a fact smart businesses are reducing costs and headaches by graduating to net suite by Oracle net suite is the number one cloud financial system bringing accounting financial management inventory and HR into one platform and one source of truth with net suite you reduce IT costs because net suite lives in the cloud with no hardware required accessed from anywhere you can cut the cost of maintaining multiple systems because you've got one unified business management suite you improve efficiency by bringing all your major business processes into one platform slashing manual tasks and errors over 37,000 companies have already made the move see how you'll profit with net suite and then you can think of all the ways you could be spending the money you save company retreated malleable anyone by popular demand net suite is offering a one-of-a-kind flexible financing program for a few more weeks head to netsuite.com to start saving it's that doubt 40,000 milestone do we really need a reality check oh well regular viewers know that I'm pretty sanguine about the market I guess I could say well we've got real signs of a slowing economy which is exactly what we need at this point in the business cycle a slowdown can beat inflation allowing the Fed to cut interest rates and lower rates typically translated to higher stock prices that's a major reason why so many strong groups of stocks leading us higher now you can tell the backdrops improve because when companies report good numbers their stocks just get bought and there's very little quickly about minor issues that's son of a bull market so I like the market here but in this business we never want to get to complacent do we while I'm wary of scaring you away from stocks based on unfounded worries it always is worth digging into potential problems that everyone else seems to be ignoring so that's why tonight we're going awfully it's very special off the charts edition a Friday edition with the help of Carly Garner and you know she's that brilliant technician co-founder of the Carly trading author of higher probability commodity trading last year she nailed both the top and oil and then the bottom two then a couple months ago she pound the table in gold well that's probably more than 10% I mean that's a terrific way reaching the world time harder now the corner's got a sneaking suspicion that we could be on the verge of a major risk event where we finally need to pay the piper after decade and a half of easy money printed by the Federal Reserve and yes by struggle standards the feds been very friendly since financial questions but we want some massive stimulus packages from the Trump administration during COVID and then of course the Biden administration's post COVID and Garner's concerned that all this will ultimately have a cost a lot of you feel this way somewhat argued that we already started paying that cost when inflation started spiking a few years ago but that's borne by the consumer the market it's obviously still doing great as Garner sees it between the Fed and our elected leaders they almost completely remove the impact of the business cycle making real recessions borderline impossible at this point it's helped create the most stock market in modern memory it does she doesn't see how it can last thinks it's it's got to be ephemeral so why don't you take a look at the monthly chart of the SP 500 this is going all the way back to the 80s in Garner's eyes the market was much much more measured during what she calls the natural business cycle era I like that natural business cycle here when we had regular boom's bus but ever since the financial crisis nearly broke the economy threatening to send us into a great recession the Fed took decisive action to pump new money out and aside from one abortive attempt to tighten in late 2018 they didn't aggressively take up interest rates still 2022 even after the rapid-fire rate hikes over the last couple of years it wasn't enough to truly slam the break over here economy in part because we've got so much government spending popping things up and in part because consumers kind of came out of the era of near zero interest rates with lots of additional savings to go under this year of aggressive fed stimulus feels very different from the old world where we had much more extreme business cycles why does that warrior okay to put things in perspective look at the world in the years before the financial crisis okay from 2004 to 2006 stocks in real estate consistently were higher florries of burgers in opposition led analysts to believe that the party would continue indefinitely though that's how it feels every time we're in expansion so Wall Street was hitting the gas and so was Main Street financial advisors pushed aggressive tactics advising people to take out home equity loans to buy stocks urging them to take out extremely risky mortgages to invest in real estate a little or money down this during the period when people buying seven eight ten houses by the end there was a ton of fraud signs the markets irrational exuberance was indeed getting out of control now we're seeing what she thinks are new signs of fraud the main stocks caught fire again this week led by GameStop and AMC once again to go on to these are mostly worthless companies with stocks that have been pushed higher by coordinated acts of market manipulation fortunately most of the meme stocks moves have already been on Wow but still I know it's not a good sign I mean I'm not crazier right you remember the original meme stock craze happened in January 2021 and by the end of that year the Fed declared war on inflation which caused the stock market get obliterated in 2022 were smarter notes that that money's flowing into lots of leverage single stock ETFs these things are just ways to get around the marginal profits for example there's a long two Nvidia long times two Nvidia ETF and it's asked that certain management has hidden ninefold increase by the end of the first quarter I can't blame anyone for one to own the stock of the video if you got the time right you could have cleaned up with this one but this is yet another sign of a faulty market although I would claim this stuff only happens because there's craving nature of people who create this ridiculous merchandise they can't I don't know how they look themselves in the mirror but that's why Garner thinks you should be trying to hedge price risk here now I want you to take a look at the weekly chart the S&P 500 it's very interesting here because lately S&P 500 began and it's been roaring and Garner wouldn't be surprised if it climbs to she's not get you know she understands the bull here at 5450 on a weekly basis port runs in a major sleeping resistance that's the uptrend line from the low since last October in her view though the S&P is trading well outside of its natural pressure remember I was talking about that last time based on the reasonable historical slope of the markets trajectory remember the S&P I've spent most of 2021 in early 2022 trading above its so-called natural price range and that did not end well for the bulls Garner describes this as point forward prosperity these outsides gains are signs that we're essentially borrowing money from the future that must inevitably be paid back in her view the S&P is currently in similar tartoy the breakout above 4800 to 4900 so here we're going right here puts us out of out of bounds in a normal market we'd be bouncing around 3900 before and 4900 so we'd be all the way down here okay instead of up here Garner's concerned here because the relative strength index RSI okay an important momentum indicator recently made what's known as a bearish diversions as the S&P hit new all-time eyes the RSI failed to fail to do so she points out we've seen this pattern twice in the last four years in early 2020 just for the pandemic and in late 2021 early 2022 2022 just for the Fed starting tight in the stock market went major dog house when you look at the monthly chart of the more tech heavy Nasdaq went 100 it's even clearer our point is that she see something very similar the Nasdaq been in new high but the relative strength index made a lower high that's that bearish diversions again again she finds that it's worrisome because the Nasdaq 100 is also seeing a divergence between the 2021 high and the new high we just knew Jesus made right now the relative strength index is much slower than it was back then so you go there you can see this what's happening right here relative index up and then it's not as high see that's that slope so Garner's concerned that we're making another parabolic move like the one that's buttered out in late 2021 I you know where I am about parabolic moves okay so I understand the zeitgeist of this piece but here's the bottom line I like this market but the charts determined by Carly Garner suggested stocks may have gotten ahead of themselves and she wants you to keep your eyes peeled for potential problems because if things take that turn for the worse she'd expect this market to get very ugly and ugly fast let's take calls let's go to Kyle in New Jersey Kyle my best friend Jim Kramer how you doing buddy I am doing well partner how about you you know I'm very very frustrated because we're at all-time highs every stock is ripping higher except for my main position which is so fine what am I doing with this well okay I ever since they did ever since they did that equity off from which I understand they had to do because they had this big bomb position but they laid they put the equity right on top of the current equity not the stock down ever since then even though I totally understand anything notice point I totally understand it that does not make it a good stock it makes it something that's more solvent I really like that it makes this balance you better like that but it does not help the stock it's counterintuitive to lay down all that equity and think the stock can go higher so that's what's going on I want to go to Trevor Wisconsin right now Trevor hey Jim thank you for taking my call my pleasure Trevor my questions regarding one of your personal favorites sales force yes given that they sit on one of not only the largest files of data but some of the most valuable data do you think that we are in store for one of those special quarters coming up where they beat raise guidance crush it once again well let's just say I mean that we've had many of the special quarters to the point where they're not special anymore which is one of the reasons why I think that the stock is not rallying as it should as it goes into the quarter which is on May 29 all that said let me just say about this I think sales force has been a great long-term hold and I am not budging is laws Mark Benioff is at the helm I'm going to be in that stock right now Mark Benioff be the co-founder and the CEO I like this market right now but the charge is nerfed by Carly Garner suggested stocks may be getting ahead of themselves versus the way it was before we went nuts with the fed printing the money you see what's to keep your eyes peeled for potential problems I don't mind skepticism okay that's skepticism now much more may have my head including my homework on giga cloud technologies I'm breaking down this 2022 tech IPO way out the risk and the rewards of getting into this name and believe me it could be fraud plus crackle barrels plunging after dividend cut so I'm sitting down with the stock to see if this if you should pull on to your reservation yes indeed it's also an answer to one of our course and of course all your calls rapid fires tonight's edition will lie to you now so stay with Kramer when you're hiring the best way to search for a candidate isn't to search at all don't search match with indeed 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discuss on the fly I tell you I'll do some homework now circle back. Last month mad money Hall of Fame caller Dave in Illinois asked about Kinga cloud technology on April 1 and even before he could even get to it another David this one from Pennsylvania asked about the stock as well on April 25th okay let's go to work this is a business to business e-commerce system for large parcel merchandise think furniture home appliances fitness equipment anything that's big enough to be a pain to ship their e-commerce platform Giga cloud marketplace connects manufacturers primarily in Asia with resellers in the rest of the world oh it's a cool idea they make it easier for merchants to find new goods without having to manage a global supply chain while giving manufacturers access to more potential customers. Giga cloud has now built out a cross-border fulfillment network optimized for large parcels with 33 large scale warehouses and an extensive shipping network formed via partnerships with various freight services Giga cloud also takes some products as its own inventory they call these first-party products which are then sold through both its own online marketplace and through third-party e-commerce platforms like Rakuten in Japan or auto OTTO in Germany and of course Amazon Walmart Home Depot overstock and Wayfair here in the US those first-party sales actually accounted for 72% of the revenue at this point. Now this one's interesting because Giga cloud initially came public via tiny IPO in August of 2022 that was one of the very few deals at that time it's also a Chinese company at the time although it changed its domicile in the United States last year early on Giga cloud became a meme stock jumping from twelve dollars and twenty five cents where it came public to sixty-two dollars thanks to those clever gremlin meme stocks tend to do at that point was way too small for me to mention on air but as the company read on the side to the US this has become a much better story and the stocks caught fire over the past eight months some of that's because Giga cloud put up a series of excellent numbers their active third-party sellers have grown from 382 in 2021 to 815 last year active buyers went from 3556 to 5,010 over the same period gross merchandise volume GMV people care about that more than anything else risen at a nearly 36% compound annual growth rate and their net incomes more than triple oh yeah this one's been profitable since it came public of course this time last year Giga cloud was still in the mid single digits since then the stock shot up nearly 600% to $35 and change it was actually $45 mid-March before it got dragged down by the self and all things growth well that's this tiny move I think Giga cloud probably earned it they reported a great quarter last May the analysts started raising their earnings estimates dramatically the company moved this headquarters to America then last fall a short seller that I'm not really particularly familiar with an ethical Culper CULPR research published a report calling many aspects of Giga cloud's business into question from management experience to how the heck they can run so many warehouses with so few employees Culper also found that some of the company's marketing materials and social media posts had used stock images save a forklift driving an anonymous warehouse which is not great they claim they sent an investigator some of the company's US warehouses where that you know not a lot of activity was observed how about that Giga cloud responded to this short sell report giving explanation for some of the allegations though not all of them for example Matt said they have so few employees because they use third-party contractors they have such a small truck fleet because they use third-party delivery trucks delivery drivers I'm sorry and their board of directors commissioned an independent review to look into Culper's claims however we never really got a response to the most damning part of the report the stock images and the lack of activity at the company's warehouses but in any case the short report hasn't had much of an impact on the stock just something to keep in mind at this point at the end of November Giga cloud reported a great quarter and the stock simply took off after that climbing higher and higher interestingly on much higher bottom than than before throughout December genuine February March there was a strange day in mid-February where the stocks suddenly plunged 25% on a very high volume but without any news that we could find then it just bounced back over in the next couple of days so everyone moved the one I thought that was very strange though there was also a ton of volatility following Giga cloud's fourth quarter earnings that were mid-March the stock was already full volatile beforehand that on the day of the report March 15th it's sort 23% and that's where this stock put in its 52-week high of $45 some change but over the course of the next week and a half could the cloud shares plunged more than 40% from their highs for stabilizing getting to recover and that's when we started getting the calls about this one most recently Giga cloud reported last week and listen the numbers were once again great revenue up 96.5% earnings per share up 71.4% every major line item better than expected although the magnitude of their beats kept keep shrinking now some of that's the law of large numbers right some of it's because the analysts have adjusted their expectations higher this time even though the results were excellent the stock did not get much of a boost rallying just 1.5% in response since that has pulled back now it's down almost nine percent since the quarter now here's the tricky part I'd love to be able to say that after it's huge run from five to thirty five dollars and change over the past year Giga cloud simply gotten too expensive now but I really can if you believe the analysts estimates and honestly I'm not sure how much you can give them only two analysts cover this one but if they're even close to being right then Giga cloud is ridiculously cheap it sells for less than 12 times this year's earnings estimates over just over nine times next year's estimates and this thing was just ultra cheap before presumably becoming you know because of these so many issues with the story and now it's just regular cheap again assuming you believe the estimates so what are we going to do with this thing I mean frankly this is one of the top for homework assignments I've gotten a recent memory but I can't say that the dog ate my homework because while Wolfie while really stupid is not stupid if you take everything about the story of face value then buying Giga cloud would be a no-brainer but after taking a thorough look I worry there's got something off about the story I can't pin it down I don't love the fact that it was a Chinese company going into last year I don't love that it was a meme stock immediately after coming public I don't think that the worst allegations from the short report last forward ever properly addressed I don't like the way the stock just plunged one day on no news in February and they came right back I don't like the erratic training of March sure it's a small cap stock but this kind of action gives me the impression that somebody out there knows something that I and we don't bottom line Giga clouds whole story feels unnecessarily fraught and with so many good e-commerce and logistic stocks out there eight Amazon I don't think it makes sense to chase this when after a massive run just feels like an unnecessary risk remember this business you don't need to swing in every pitch this one feels too tricky the stock bat it stays on my shoulder they have my knees back into the brain May is ALS awareness month so it's not been going to spend a few minutes highlighting an organization it's made tremendous strides in making life easier for people with ALS that's the fatal debilitating condition that's commonly known as Lou Garries disease I know we usually don't do this with my body but we think this is important and we want to bring it to you I'm talking about everything ALS that's a patient focused nonprofit that uses data science and technological innovations to fight the disease or at least make life easier for the people who have it they're trying to come up with a cure but in the meantime they develop technology that allows ALS patients who've lost the ability to speak to continue communicating in their own voice to learn more about these efforts were joined by someone I knew from my old hedge fund days Bill Nudy he's the former chairman and CEO of NCR who was diagnosed with ALS in 2018 and forced to retire after very successful turnaround effort but Nudy didn't give up a character trait of a true leader he found an organization called cure ALS and ultimately merged it with everything ALS becoming chairman we're going to hear from Bill in a special way he's going to be using some groundbreaking technology that you'll hear more about in a moment everything ALS launched a project in March to reinvent ALS research process the main thing I wanted to hear from Bill was about his mission vision 2030 here's what he had to say Jim it's great to see you and a privilege to be on the show we have known each other a long time and I have such admiration for you your work and what too few people know about you your generous philanthropy especially for conditions involving the brain Jim the vision 2030 AI research hub is a groundbreaking platform that will unite researchers with the supply chain of data technology and partners that can rapidly translate breakthrough basic science discoveries into life-altering drugs and importantly our focus is on curing ALS returning function to people affected and by proxy advanced that potential in other neurodegenerative conditions like Alzheimer's and Parkinson's beyond researchers the hub will include leading pharma and biotech companies academia hospital clinics government agencies and other private foundations involved in the effort to find a cure this first of its kind approach is based on a few years of intensive due diligence on the entire ALS universe much like a company would do before making a large acquisition that process along with the experience of everything ALS informed our strategy including our unique operating model of course always build a great business person and thank you for the kind words that I do which are so minimal versus what you're trying to accomplish and accomplish it so thank you takes my breath away thank you I'd like to welcome Indian of our she's the CEO of everything LS I questioned you injuries what do you need to achieve this mission I think we need everybody who can actually participate in this you know I got into this because I lost my dear husband to the disease and we are technologists and you know I'm a tech entrepreneur and my husband was very early at Amazon built Amazon cloud mechanical Turk and we all know what has happened in the technology world and we have made change but that's what we need to have happen here in ALS and we want everybody to get involved and and you know thank you for giving me this opportunity to come in and talk to you well and people should know I mean you've been a very successful business person yourself in a lot of different ways people should be familiar with including some great companies that were that we talked a lot about yes well to me look this is fascinating when I was when I was when I was doing my research I want to hear how this mission differs from others I know many were who are involved in this mission and we need as many as possible you need as much where is this possible but I posed that question to Bill what we're trying to do what needs to be done here's what he had to say take a look Jim first I have to say that it is completely unacceptable that since Lou Gehrig was diagnosed with ALS in 1939 there is no change to the prognosis for survival which is still three to five years and what I learned in short is that the system is broken and ALS research is woefully underfunded that said what sets us apart from everyone else starts with the fact that at the center of our strategy is artificial intelligence technology and we are an example of AI for good versus the all too often topic of the threat of AI and while there are legitimate concerns that need to be addressed no one talks enough about how this technology when coupled with human ingenuity will cure complex diseases like ALS over the next decade beyond AI we're operating and organizing very differently than others past or present who share the same goal and while AI is a critical element of our strategy AI alone will not solve the mystery of ALS in the foreseeable future you're technologist what is it about this illness that until now perhaps we've made so much so just everyone's tried nothing to happen I think like Bill said you know it's not just technology alone we need to actually surround ourselves with the people that's a difference with everything ALS we have everything ALS citizen-driven research that is we the people are driving this if you see Bill myself people were affected and we look at them as our shareholders we look at them as our people that we have to report to because they're giving their data they're giving their information so we have solved the big issue of how do we get the data about the disease by bringing the people we have about 7,000 families who are involved in everything ALS today and that's growing and and now what we need to do is really get enough funding to actually come up with funding some of the initiatives that we think with AI and also science when we combine together with the people that is going to be the platform I totally agree with you I mean I think it's going to be the data and and the wherewithal to get the funding I know how hard it is to fight for brain illnesses and get awareness you are doing everything right and you are a hero and Bill's a hero and your families are heroes thank you Jim I want to thank Bill Noody who's the chairman of everything ALS and do Indian of our CEO of everything ALS Wow okay let's all do our part never money's back into it when we return master the markets one stock at a time the lightning round is up next I'm doing great let's get to business all right I'm calling you today I'm calling you today about a long retailer market cap is shade under seven billion the one year return is four hundred and seventy five point eight six percent the three year return is two hundred and seventy five point four eight percent and the five year return is only four hundred and thirty two point four one percent Jim I I like you do a lot with retailers and I have to tell you in my estimation this is the single best retailer I have ever ever found in I followed this what is it what is it what is it what is it yeah I think I expect nothing but good things you are dead right why is that market kept so small and that company so good I think it was a leftover memory of what it used to be like let's go to Mike in Tennessee Mike Jim I would like my thoughts on a mid-cap copper producer out of Canada she for last year they were big final firm F from the EPA for their underground injection control process for their Florence Arizona project which is an institute process the company is the Cico mine symbol GGB you know what that is a great spec I usually don't want to say that but I believe in the theory that the copper could be a short squeeze I put it my head by Jeff Kirk let's go to Matthew and Washington Matthew doctor Kramer this is Matt from the Evergreen State I'm grateful for becoming a member of the investing club which is thank you yes which has made me a more disciplined investor that's what we're trying to do with making other people great investors we're not doing it for you you're doing it for yourself how can I help yes speaking to which I started a position last year in a company and accordingly I added to the position as it as it came in a little bit okay I would like to know if it's time to buy fell hold thicker symbol EE exit now no I'm not a big fan I mean I look you know in it I'm a cotear guy yes you know because you're a member of the club CTRA best in show $35 price sorry right now here right here let's go to Ryan in New Jersey Ryan hey Jim how are you going I am doing well Ryan how are you doing I'm good thank you for asking I wonder what's your thoughts on sprouts farmers market oh man winner winner chicken dinner I want them on this show that thing is just a that's a juggernaut let's go to PT in Texas PT hey Jim big boy out to you I know bowling season is coming up and I wanted to hear what you thought about SII rock okay I it's investment management it's not really was a sample arrow it's a more of a I it's good business but it's not related to to let's go to Tom and Tim and Masters it's Tim hey Jim thanks for letting me in no problem hey so the question is this long-term investor about with the eco lab ECL we were too small to be important for them but it is really a good business and that ladies and gentlemen include it of the lightning round the lightning round is sponsored by Charles Schwab coming up barrel of laughs Kramer chows down on a southern fried stock next turning around a publicly traded enterprise on the fly it's really one of the hardest things you can do but turn around an almost moribon enterprise next to a possible so I can leave route for Julie Messina she's the CEO of Quacker Paul who's been tasked with reinvigorating the venerable some would say Dally chain in an era where people want to get in and out as fast as possible Quacker bough has a business bottle that wants to keep you there a while so you might shop at their attached stores the change methods are about to change though and I think change for the better we contacted Julie Messina after investor day event yesterday at the best of Kevin and Missouri who asked about the stock early this month a couple weeks ago we did a deep dive into Quacker bough and its travails but I said you know what I can't pick up my mind until the investor day I fear the dividend would be cut sellers would swarm in because many on the stock for an outsized dividend to pay out five dollars and twenty cents per annual and that's pretty good it was a nine percent yield at the time we call these outliers though big big yields like that they are red flags because when the yields that high it means people are betting on a dividend cut and they're often right I believe the dividend would be slash aggressively or maybe even eliminated closing all those income seeking investors to head to the excess that is exactly what happened yesterday cracker brow cut that five dollar twenty seven percent dividend per year dividend to one smacker and the reaction was immediate sellers took the stock down fourteen point five percent today as the income crowd bolted just as we fear but enough of the negativity remember I also told you cracker brow could be worth buying after a dividend cut although I think we're still a little bit too close to the blast zone you know what I like to see this turnaround plan a lot she's realized about how much the brand has been hurt and how much market she's been lost she understands that she needs to improve traffic and make the chain more relevant attracting younger customers but it's a tightrope she has to walk she can't afford to alienate the course senior citizen demographic so she's been trying new concepts and some of the new menus that some of her seven or twenty five stores hey you know what the trials and working she's also a good luck with her rewards club nevertheless she said that you can expect that one but two weaker quarters ahead and a boatload of spending through model her location spring them up to date that will not be easy and it certainly won't be cheap as the company says it might cost seven or a million dollars over the next three years let's face it cracker brows an aging acid base and a badly it barely needs I don't know if you see the stores let's say a facelift plus it needs much better system to handle the flow something I know all too well as a former owner of two different restaurants the senior says there are 20 different initiatives she's like to implement 20 oh wow that's a total fortune she did very good work turning around Taco Bell International so let's hope it's prepared her for the much more difficult task of turning around cracker brow I think the whole thing's daunting but not too daunting and that's why I want to follow these changes and wait until we get closer so after we get at least two very down big quarters even though the weakness has now been widely telegraped by the company the market will not be forgiving if things don't turn around quickly even though we know that's probably unrealistic so I say this to Kevin and Missouri we watch we wait but we can't pass yet until the disruption runs this course Kevin for now how fitting it's a show me story I'd like to say there's always a more market somewhere I promised I'd find it just for you right here on Mad Money I'm Jim Kramer see you Monday 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 From pit-length to podium the Las Vegas Grand Prix is providing fans a race day experience at the speed they deserve with the help of T-Mobile for business our 5G advanced network solutions are powering race day operations with event wide connectivity from streamlined gate entry to an 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