For nvidia long my favorite stock one i always say to own, dont trade. Yet i keep hearing about how to trade nvidia should you go long or short . The greatest avl intelligence play of our time one thats already changing the world with its borderline miraculous semiconductors. Should we declare victory, sell the darn thingup here . Maybe buy some more. And then it hit me why dont i just tell a dad joke so here goes [ rimshot yeah that is why my sisters names rose because your mother loves roses. Thanks, dad. No problem nvidia hallelujah plunging 606 points. Nasdaq tumbling. Nasdaq losing. 39 prs. We have to recognize there was one stock of one truly Great Company that frankly has nothing to do with the dow or the nasdaq or the fed for that matter that stock is nvidia it is quite simply much bigger than a Semiconductor Company much bigger than a can p, much bigger than the platform i owned my late rescue dog after because i didnt think enough people owned the stock. Who is nvidia, what is she to misquote shakespeare its a myth logical warrior. Its the loom. Its the steam engine. Its the wind tail combination all wrapped up with an iphone in a 2001 space odyssey bow so when nfd y. Reported last night and showed you how strong the quarter was the stock flew up more than 9 today. I think it would have been up even more on a better day. Peaked at 1063 before the market really rolled over but regardless was able to win when Everything Else was losing. Ill take any stock that rallies 88 points on a day filled with heavy losses a couple of things before we get to the legend of silicon valley. We got a read on the surface economy this morning, it was just way too hot which then sent Interest Rates higher and therefore yes indeed as always crushed the stock market that makes sense there are a lot of people who own stocks now because theyre expecting rate cuts and aint getting them right . Okay they need that but their chimerical other were not going to get it until we have layoffs. Job losses determine whether the brown shoots ive been watching turn into a genuine slowdown without them listen to me, its hard to imagine the fed cutting rates which makes it hard for these people to own stocks anyone betting on rate cuts will easily be spooked like they were today. And thats been a constant every time rates go higher second, after opening strong almost all the techs including semiconductors got clobbered even as initially most Semiconductor Stocks had roared in sympathy with nvidia. I say call it pin action it ultimately failed nvidia seemed to be the only stock that went up save a couple of Bargain Basement retailers which is simply not sustainable. Weave been up for a long time. We were due for a setback. But it made nvidias star shine that much brighter now lets talk about the zeitgeist of nvidia. This is a company run by jensen huang. Hes a man i call da vinci because hes a visionary, a true modernday renaissance man hes created a series of semiconductors that can be trained and then can take a data set and infer pretty much everything that needs to be known. I like simple examples of the power of ai. Say you dont speak english well you want to go to mcdonalds and use the drivethru window. But you fear youll screw up the order, theyll screw up the order. Orders get screwed up all the time theres a lot of fear. But if the person on the other end of the speaker is not a person, if its an nvidiapowered robot thats sympathetic, can speak 27 languages and never make a mistake, then youll have the fastest and best experience there is with 40 million legal immigrants in america alone ive got to tell you thats a good business. Whoever rolls that out nationally first wins. Or maybe you want to build the single best full selfdriving car in the world, one that cant make a mistake, thats so flawless, so safe that the regulators would be nuts to reject it. That selfdriving car will be built with nvidia chips. Because theyre the only ones that have enough horsepower. Which of course is why elon musk has been buying them like crazy for tesla and why, by the way, jensen said this will be the big story of 2024. The fact that nvidia can do all these things, it has a platform that can be trained, educated and draw inferences and answer questions like no other, means theres no end to the demand that its simply boater than everyone elses product. But heres where it gets a little tricky. In the stock business it often pays to be skeptical weve seen all too many geniuses, all too many stocks that can could no wrong, all too many products that sounded too good to be true. Weve been had too many times. So what its developed is an instinctive belief that if everything works and the orders wont stop then something will eventually go wrong. Maybe its an unknown competitor could simply be the stocks priced so expensively you cant own it, you have to trade it ive heard them all. But this reflexive skepticism has not served you well with nvidia this company routinely exceeds all expectations by staggering amounts and while the stock might look expensive based on forward earnings it always turns out to be much cheaper in retrospect as the actual numbers trounce the estimates. When you look back, do you know that nvidias truly never been expensive during its whole run to its current 2. 5 trillion market cap which brings me to the joke at the top of the show. Nvidias become a fascination. The kind of stuff of alchemy many of the people who own it have no idea what it does. They may have bought it because i named my mutt nvidia they may have bought it because jensen huang dresses in cool motorcycle jackets for the most part when youre dealing with a business thats a business to Business Operation like this one its hard to get your head around what they really do and how the product works. Maybe the buyers just like the quirky name. Maybe they like the stock that keeps winning. But if people dont take time to learn what nvidia really does, how it has the ai field almost to itself, how everything it makes is in short supply, how it sold 26 billion in product this quarter, which is over a billion more than anyone expected a few days ago, probably 20 billion more than anyone expected a couple of years ago, if people took the time to learn the company and its all there, they wouldnt trade it. They wouldnt own etfs that encourage the whamma jamma buying and selling they would just prosper like my Charitable Trust does with the investing clubs own dont trade mantra if youre going to own this stock you must take the time to learn. You see thats really the secret if you did youd know the customers said to be deserting nvidia arent deserting. Theyre desperate for the product. The stories you read about weaknesses in the marketplace are the ones that seem to be planted against them this is the stuff i see with apple. Apples another stock ive always told you is one you should own, not trade. So what do you do with nvidia now . I think you get another chance to buy it. But if you just want to trade it dont bother, please this is a company dedicated to the proposition that theres a new Industrial Revolution and it runs on nvidia and it shouldnt be traded. The bottom line, until the ai revolution runs on Something Else and despite what you hear nobody else comes close to these chips, you should just own it. Do not trade it. Maybe you need to pretend nvidias mans best friend hey, maybe you just treat the stock like your son. Whatever it takes. Just dont sell on a moments notice in fact, dont sell at all unless you need to do . Profit taking to even out your portfolio because its just become too large thats right nvidias positions too large is something that rarely happens to any company that you do have to take some profits. Lets go to rebecca in new york. Rebecca. Caller hi, rebecca oh, hi, rebecca hi, jim. Caller mr. Cramer. Its a real show. People make mistakes ive made a half dozen mistakes. Whats going on . Caller right okay so my grandson arieh would like to ask you a question. Put him on the phone. Caller hi, mr. Cramer. Could you have a segment on the show to explain common stocks terminology for young viewers . What was that stock there rebecca, what was the stock the young fella just talked about . Caller should he repeat himself . Is it gap caller gap, yes. Oh, hes so smart, rebecca. Gap is one of the stocks that bucked the onslaught today thats a really, really good sign it does report next week i think its going to be an excellent quarter. So i say own it and maybe buy some more if it goes down again tomorrow and thank you for the kind words. Until the ai revolution starts running on something other than nvidias chips you should just stick to owning the name, not trading it on mad money tonight elf still a beauty player to blush over ive got the ceo after the earnings sent the stocks soaring today. Then shares of Charles Schwab recently jumped to a 52week high this week before losing some of its gains yesterday. Im seeing if theres a longterm growth to bank on with the companys top brass. And later where do we stand in our fight against avian flu thats wreaking havoc on the poultry industry i sit down with the ceo of Animal Health company zooetis. Stay with cramer announcer dont miss a second of mad money. Follow jimcramer on x have a question . Tweet cramer hashtag madmentions. Send jim an email to madmoney cnbc. Com. Or give us a call at 1800743cnbc miss something head to madmoney. Cnbc. Com. Your record label is taking off. But so is your sound engineer. You need to hire. I need indeed. Indeed you do. Indeed instant match instantly delivers quality candidates matching your job description. Visit indeed. Com hire at university of maryland global campus, getting a bachelors degree doesnt have to mean starting from scratch. Here you can earn up to 90 undergraduate credits for relevant experience. What will your next success be . aidyl hi, im aidyl, and i lost 90 pounds on golo. For relevant experience. I struggled with weight loss and weight gain my entire life. With all the yoyo dieting i did in the past, i would lose 20, 30, 50 pounds just to gain them over and over again. In one year, ive lost five sizes, and im on my way to lose another three. With golo, i can do it. announcer change your life at golo. Com. Thats golo. Com. And theyre all coming . Those who are still with us, yes. Grandpa whats this . Your wings. Light em up gentlemen, its a beautiful. Day to fly. Nvidia wasnt the only stock to roar on this awful day for the averages in fact, cramer fave e. L. F. Beauty the affordable cosmetics maker did even better. Rallied 19 . Last nightlevellevel blew away the numbers delivering a 20 cent earnings beat off a 33cent basis. Incredibly the stock first sold offa as it typically does. E. L. F. Gave very conservative guidance for the full year but by the time we got in this morning the market had already come to its senses realizing the results were too good to ignore. Im not sweating the cautious guidance because ive been following this company for ages and its giving you insane gains if you believed in the story but dont take it from me. Lets dig deeper with tarang amin hes the chairman and ceo of e. L. F. To learn more about the quarter. Congratulations on just another stunning quarter well, thank you thank you so much for having me. Ive got to get right at something you talked about at the beginning. You talked about a couple of price points im just going to say it 650, 950, 20 you have redefined what has happened in the world. When are people going to raelds and i think thats one of the reasons your stock has this that the world has changed and youve changed how people view the cost and price of cosmetics well, thats right. Our mission is to make the best of beauty accessible to every eye, lip, face and skin concern. And thats exactly what were doing. We take inspiration from our community and our investor prestige and were able to bring products at these incredible prices and people are recognizing that our consumers and our community realize that e. L. F. Actually often is better than prestige and you dont have to pay as much as you do for those products one of the actual best pieces of research i read every year and we devour is the Piper Sandler study. The people who they actually go after teens they are the most discerning people because they know how to do all sorts of tech things you and i never dreamed of and you came out once again, gen z, number one. How far in between the rest youre like number one well ahead of everybody else. Youre just in a category by yourself well, thats right. And that latest survey we had a 38 mind share amongst teens the next highest brand was at 8 so multiples above that. But the great news for us is its not just about the strength we have in gen z were also the number one brand amongst gen alpha, the number two brand amongst millennials. So were starting to see multiip generations realize the magic of e. L. F. And you are also something the big chains always tell me people run to. Its not just that they have a cosmetics aisle run by ulta. Theyre actually seeking e. L. F thats right. In fact, if you look at our last fiscal year that we just reported, our business was up 80 at ulta, over 70 at target. It is a prime destination. In this quarter we became the second biggest brand nationally. We passed loreal paris to be the number two brand nationally with a 12. 8 share but at target our longeststanding customer, were their number one brand with almost 23 of their category and so we really drive a lot of category growth and retailers really appreciate it for that. One of the reasons you do that is you run brilliant campaigns. You currently have what i would call maybe a little cheeky Campaign Going on. Why dont you tell us about that one . Well, i think youre thinking about our change the board Game Campaign yes, i am a big part of our success is the diversity of our team. Over 75 of our team are women over 65 gen z and millennial. 45 diverse. We feel having an Employee Base that represents the community we serve has been a big advantage but it doesnt just stop with our employees. Were also one of only four public boards in the u. S. Out of 4,200 that have 2 3 women and 1 3 diverse representation now, to be honest with you we dont want to be just one of four we think theres a tremendous value in having that level of diversity and inclusion on your board of directors so the campaign were running right now, i think the latest, we started partnering with Billie Jean King an equality champion to serve up some facts of what board inequality looks like in the u. S. What you just saw up there, i think the tag line was so many dicks, so few of everyone else we went and basically looked at all 37,000 public Board Members in the u. S. And we found that there were more people named richard, rick, or dick than there are hispanic Board Members on public boards or not that far away from black Board Members, et cetera by the way, our point is theres nothing wrong with being richard, rick or dick, we just want to make room for others and shine a light on it and really encourage other companies to do what weve done because it has been a key part of our success i have to tell you, i really enjoyed the irony of where your posters were downtown, which was the white male bastion of banking in this country. The old morgan building. Now, that doesnt mean youre not doing some other things that are a little more conventional you are sponsoring an indy 500 racer. But of course its a female racer. Thats right. We feel that women are underserved in sports. So when we found out that in the 108 years of the indy 500 only nine female drivers have ever raced in it we decided to sponsor the only female driver this year, catherine legg, and do an expectation. Were doing i alip oil exchange, shining a light, sponsor her its something our Community Responds to in terms of our platform of empowering women and empowering others. Well, its sensational. And im sure it will draw many eyeballs this weekend. We do have different kinds of cosmetics. I know theres skin care this is something i dont even remember you being involved. Youre now the dominant player well, were one of the Fastest Growing. The two Fastest Growing brands in skin care with e. L. F. Skin care and nutorium, compatible bioskin care we bought in october. Both of them complement each other. Were seeing Great Success in skin care as well. 38 growth. Youre right its incredible. Somebody was saying youve got to ask him about the inventory, the inventory balance is really up this is someone who wants the stock down ive got to tell you, i saw your team and i once told your team, who are these moron shorts going against a company that is about democratizing something that costs way too much worry about the inventory number or is it actually what you need right now . No, that was actually a conscious choice we just finished a year were up 77 . Our business has been growing really fast for a long time. And so it was a conscious choice to make sure we had inventories worth demand were seeing. It also reflects the nutorium acquisition we made and the inventory that came with that. We feel great about inventory. If anything we may not have enough because we can hardly keep our best products in stock. So its been a real challenge to make sure we have the products our Consumers Want and people who doubt that, you stupid shorts, you are talking about growing unit led if it were really an inventory problem it would be price led. You are doing it the correct way, sir well, thank you no, we are the only brand in the top five that is really driving through unit growth and thats been pretty consistent for us for a long time. Its one of the reasons why you see what you see and the notion that you will i think be able to do this overseas everywhere, international, obviously is going to be something i think is going to be even more powerful for your price point no, thats right. In fact, our International Business in the last quarter was up 115 . Primarily for canada and the uk. But what were finding is because of our strength socially with these younger consumers a lot of that is consumed outside of the u. S when we introduced in du gloss italy a few months ago we quickly became their number one brand. The same thing happened last month when we went to etos in the netherlands we quickly became their number one brand and were not even done with our rollout. Internationals only 16 of our business versus 70 of many of our global peers theres i think between confidence in doubling our share in global cosmetics, the opportunity in skin care as well as the incredible white space in international, were excited about the growth fra tra jejek trajectory an industry that costs too much is now in reach for everyone and we agree with your campaign. Thats why we had to bring it up it is too strong a precept i want to thank tarang amin. Chairman and ceo of e. L. F. Beauty another great quarter. And i love you coming on the show thank you. Thank you mad moneys back after the break. Announcer coming up millions of americans rank and file have used this company to build their nest egg can the stock do the same for you . Find out when we return. Ever since the market bottomed last october Charles Schwab has given you a magnificent rally surging from the frt high 40s to the high 70s this week. Ive been recommending the retail brokerage site the whole way because i thought it was unfairly maligned during last years mini banking crisis a lot of uninformed people about the stock. It held its inaugural Institutional Investor day at wall street. And clearly there were some problems in the stock. It fell 4. 6 , lost another 3. 9 , pulling back to 72 but it was up very big and ran into the meeting. What went wrong . Even though schwab reaffirmed some of its previously issued longterm financial targets it showed some incremental negative comments about its nearterm outlook including a walkdown of earnings expectations for the Current Quarter but not the future so what do we do now has it been punished enough with this pullback . Do we have to say the easy moneys been made . Lets go straight to the source with walt bettinger, cochairman and ceo of the Charles Schwab corporation. Welcome to mad money. Thanks, jim, i appreciate the invitation you just finished a huge deal, td ameritrade. Its an incredible heavy lift. Got a giant number of people whats next for schwab this was about as tough a deal as ive ever seen close. Well, it was a complex transaction for sure but i think anyone looking at it objectively would say it was an unparalleled success we converted almost 2 trillion in client assets, 17 million accounts those clients have already brought us 60 billion in new money after they converted over to schwab. And although you can certainly go out when youve converted 17 million clients and find a few who have a complaint the numbers are really small we actually have to report all complaints to our regulators, and we averaged about 55 complaints per 1 million accounts converted wow with a past as an actuary i should be able to do the math but ill just say thats a lot of zeros after the decimal point in terms of complaints we received it certainly is just in terms of the stock price it did run up well into the meet ing and there were some people who believed this cash shorting issue had been behind them which is something youve never held on to any false promises. The fact is this problem is a shortterm problem, has nothing to do with the longterm future of Charles Schwab. Thats factualexactly right. At the beginning of this year we said we expect earnings in the fourth to be somewhere between 80 and 90 cents. And we actually affirmed yesterday we now expect to be near the top end of that range however, it was going to be volatile during the year on our way to those numbers and in the First Quarter we did about 74 cents of earnings that was a 500 basis point improvement in pretax margins over q4. And i think some of the analysts might have gotten a little ahead of themselves in anticipation of us getting into that 80 to 90cent range. We still feel really good about where well be in the Fourth Quarter and even better about where well be in 2025 with sequential improvement in those e. P. S. Numbers thats what matters to our people you have consistently championed both individual investors, our viewers, and the advisers who serve them weve got some of those too. And i think youve done it because youve got a trusted youre a trusted adviser with a great vision but youve also offered great value. Now, what id like to know is we went from 52 people in the stock market to 62 over the last 11 years. From your Vantage Point i know youve gotten a huge number of those people coming to you are they investing responsibly, the Charles Schwab way, or are we seeing too much gamification . Well, theres probably a mix in there and youre exactly right theres been an influx of new investors. I often say that when the market is going up everyone is a brilliant trader when the markets going down, its a lot more difficult. Or when its choppy. I think what we try to do at schwab is provide as much education, tools, ability to speak with a professional who has decades of experience trading. Help people who want to trade do it responsibly and do it as effectively as they can. Were not really interested in just pure volume of trades thats not in the best interests of our clients and of course thats never been the schwab way, to try to just drive revenue on the backs of behavior that may not be in our clients best interest all right well, people should know we keep our Charitable Trust with mr. Bettinger and Charles Schwab and one of the reasons we do that is because you are good to both the big and the little guy my wife, unbeknownst someone did not know she was married to me and they kicked her out of their core group of advisers because she they said she wasnt rich enough which didnt ring well with me, frankly. Do you kick people out because theyre not rich enough . No. In fact, one of our Guiding Principles at schwab among our five is that every client matters no matter how small or how large. And if you go back to chucks origin 50 years ago, it was all about helping bring investing to the main street of america i know that that has been coopted or attempted to be coopted a little bit in recent years. But chuck was the original opening up wall street to main street and thats still a huge part of what we do today of course we serve a lot of investors of all sizes about 70 of our Retail Assets are with clients that have 1 million or more. But if you look at that on a client basis, the vast, vast majority of our clients are below a couple hundred thousand dollars. Do people have a mixture of index funds and do some individual investing at the same time they do actually, weve called that core and explore for a long time. And have recommended for most investors setting up a solid portfolio of lowcost generally index funds or lowcost actively managed funds is really the right way to build a portfolio you and i both know that when it comes to investing time is your friend and being in the market is often a lot better strategy than trying to time the market. There are those who are pretty good at it, but its a minority. And of course those who do it well are incredibly disciplined, very careful they utilize all the Risk Management tools we make available. Those are the folks who generally trade and do it successfully over a longer period of time from your perspective i know we hear about this higher for longer, but are people going people at your shop, they want inflation tamed because they know the value of the dollar will be eroded what would you say is the zeitgeist of the place we want rates lower because we obviously want to make more money. At the same time you have core investors who must have inflation slain or else theyre going to lose their purchasing power. What do you think is the mood of the account base, if you will . Well, we just put out today one of our regular studies on Client Sentiment what happened is inflation has now become the number one concern among investors across, again, 35 million clients that we serve and so when they think about inflation, it has moved their position from the First Quarter of being a little bit on the bullish side to where now theyre a little bit on the bearish side so inflation is such a big concern for the average individual and the average investor again, this is why its so important to have a diversified portfolio so that if you have a mix of fixed income and cash and stocks and other investments and you have inflation you do have the opportunity to build income on that side of your portfolio, the cash and bond side thats exactly how we fweel on mad money and its why were so happy to have you on the show after a terrific run. There were people, by the way, just so you know, who actually counted this company out and that is just ridiculous. I want to thank walt bettinger, cochairman and ceo of Charles Schwab, schw, where we have our account for our Charitable Trust. Thank you so much. We really appreciate it. Jim, thanks for having me on the show and always appreciate the wise counsel you offer to investors and traders. You are very kind thank you so much. Mad moneys back after the break. Announcer coming up, go fetch. Cramer checks in to see if this pet player can hold its own in a dog eat dog market next every day, more dog people, and more vets are deciding its time for a fresh approach to pet food. Theyre quitting the kibble. And kicking the cans. And feeding their dogs dog food thats actually well, food. Developed with vets. Made from real meat and veggies. Portioned for your dog. And delivered right to your door. Its smarter, healthier pet food. Get 50 off your first box at thefarmersdog. Com realfood the best way to solve a problem is to keep it from happening. at evernorth, we combine medical and pharmacy data with Behavioral Health data to identify members in need of care. Predicting and treating Behavioral Health issues quickly. While lowering costs for Plan Sponsors and members. Thats wonder made possible. Evernorth Health Services sometimes bad headlines can create incredible buying opportunities. A month and a half ago the wall street journal published a story about zoetis, major player in Animal Health, speculating that their arthritis drug librella, may have played a role in the deaths of several pets. Stock tumbled nearly 8 in response investors worried librellas domestic launch would disappointing. But when they reported three weeks ago they delivered a terrific top and bottom line beat the stock has erased its losses from that story, still down nearly 13 for the year. Maybe its worth a buy lets take a closer look with kristin peck, shes the ceo of zoetis, to learn more. Welcome back to mad money. It is great to be back. Especially after such an outstanding quarter. Good to see you. Lib relllas a major part of it we are really excited we did 100 million. Its doing a fantastic job for osteoarthritis in dogs and really the difference that it makes, you can watch all the videos of really just the change youve seen in pets. I certainly saw it in my own just tiktok videos, people posting things look, i think everyone sometimes looks for community. And my heart goes on to anyone whose pet is sick. But the reality is the overwhelming majority of pets and pet owners who have used librela have had an outstanding experience and thats been really awesome and the product is safe and efficacious. Its been used for over three years with 14 million doses used so we stand stand by the product and its been awesome. Fantastic you have been my expert for more than a decade now on these different illnesses like the avian flu outbreak i trust you more than anyone where are we so i think what weve seen you and i talked about it before oftentimes these zoonotic diseases, high path Avian Influenza which you and i talked about a little over a year ago in the birds, has now moved into cows as a leader in Animal Health with a purpose about nurturing the world and humankind, were obviously partnering with both regulators and our consumers and importantly our customers to make sure we have solutions, both diagnostics and vaccines for it so are you feeling confident right now about the situation . Well, i mean, the way i look at it, i think our regulators are really doing a phenomenal job to be honest with you. Theyre on top of it theyre looking at potential solutions both biosecurity, looking at vaccines, looking at diagnostics, to make sure we can continue to control and address it yesterday Walmart Walmart made an announcement with walmart plus that theyre going to do telehealth pet medicine. My wise guy friend said what, your dogs going to be on your phone . But this matters and it could matter for your business what were really seeing is lots of new Business Models around pet health care theres a lot of new pets as you know who are adopted and theres a great need pet owners today with a humananimal bond want to take better care of their pets and they want to be able to get that pet care where thats convenient so whether that be at walmart or ecommerce or their local vet theyre looking at brand new value propositions to make sure all those gen z and millennials who want to treat their pets like family have the ability to do so. Post the pandemic has there been any sort of lets say decline in the overall growth of having pets at home . No, not at all. And if you look at the pet care space and even the spend of pets it continues to grow in the last quarter the spend at the vet clinic grew 4 1 2 the reality is the humananimal bond makes pet health essential. If you asked 86 of americans would not change what they spend on their pet, even if they were facing a 20 decline in their own income pet health is essential. We all have or dogs and our cats have peculiarities. Ive got wolfie, who is just driven to distraction by ambulance, by any loud noise it kind of wrecks his day, to so to speak youve got something weve got a big weekend coming with all the fireworks. Oh, my god. That will be so horrible we do have a product for dogs, cilio and boncat for cats. Anxiety in dogs is real. Certainly loud noises can cause it if you look at boncat, a lot of pet owners dont bring their cat to the vet we have a product thats really important for osteoarthritis, silensia a lot of people wont use it because their cats are too nervous. Products like this are critical. The dermatology franchise as great as ever. Yes we had 25 growth in q1 with app quel Everyone Wants to make sure they can give them a beef flavored treat and address their dermatological condition its been a great quarter of derm what was the standard of care before apoquel i believe you called it the elizabethan. It was medieval ages until your company came along with that great medicine. Yeah. Now, we do have the first time you have some competition mercks got a drug that sounds like for preventing fleas and ticks. Alancos got their Balance Sheet fixed a little is it going to get a little tougher out there for zoetis well, we saw a big competitor come in q3 of last year and a lot of people were worried we printed a 61 growth in q1. So i think our performance speaks for itself. I think with siperaciatrio, rev, rev plus, we have a billiondollar franchise derm is a billiondollar franchise for us and so is parasiteicide. Its a phenomenal product. Its been amazing i want people to understand, this is something that walmart gave me, if 75 of the people who have walmart plus have pets, how big is the number of homes that have pets in this country its immense. And i think really as you look at many millennials and gen z are having pets versus having children and they see these pets as important members of their family and highincome households are having multiple pets and they want to take tremendous care you and i joke, 20 years ago they were in the back yard they moved to the house. Theyre definitely on your bed some of them have a stroller these days they want to take the best care of these pets, and i think thats really what helps drive Companies Like zoetis. We have innovation to bring and were there for those pets thats why i was surprised the stock is down double digits. It doesnt make a lost sense to me theres a lot of confusion, postpandemic people arent adopting pets. Youve got a lot of great new products its very clear to me that theres no real price competition because the other guys still dont have it going science and innovation. If you bring Innovative Products that change the life of a pet and therefore change the life of that family, pet owners are willing to pay any amount. Kristin peck, ceo of zoetis. Long a recommendation of ours. Even from when it was spun off yes thats when we first liked it mad moneys back after the break. Announcer when we return, master the markets one stock at a time the lightning round is up next so this is pickleball . Pickle ah, these guys are intense. With e trade from morgan stanley, were ready for whatever gets served up. Dude, you gotta work on your trash talk. Id rather work on saving for retirement. Or college, since you like to get schooled. Thats a pretty good burn, right . Im gonna hold you forever. Ill be there. You dont. You dont have to worry. traffic noises the road to opportunity. Is often the road overlooked. at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. Because we believe the more ways we all have to move forward. The further well all go. It is time time for the lightning round on cramers mad money. Name of the stock, buy buy buy, sell sell sell play until you hear this sound. And then the lightning round is over. Are you ready, skeedaddy . Time for the lightning round on cramers mad money. Start with gary in georgia gary caller hey, jim. Thanks for taking my call. Of course caller big fan of the show first off i just wanted to say thank you for helping me become a millionaire. Feels really good. Whoa. Thank you, man back at you. Caller a few months ago i bought Arista Network for my motherinlaw gloria got hit today. Time to sell or hold no, arista had an unbelievable quarter and jay shields is doing a terrific job. All these stocks are volatile but i think you want to own it and buy it into the volatility thank you for the kind words because that makes us feel fantastic here lets go to j. D. In alabama. J. D. Caller mr. Cramer, how are you doing . Im doing well, j. D how about you . Caller doing good. Ive been listening to your shows here and im now curious about signal lithium core. Wow too dicey for me as a matter of fact, ive got to tell you i think the Lithium Group im looking at al bemaher, think it played out for now, i dont want to be in that group. Lets go to sue in florida sue, youre up hello, sue caller booyah booyah, sue. Whats going on . Caller this is sue from florida. And i know theres been a lot going on with djt. Donald trump media whats your take that is a wild one. I dont know it depends on the trial. It depends on the money flows. All i can tell you is that is just one crazy trader. I wish i could give you a better line on it other than to say wow, that is the most volatile stock i have ever come across. Lets go to gary in nevada gary caller hello, mr. Cramer hey, gary caller you have a talent that is superior plus educational and very entertaining are you the one that came up with the sound board yes, i did. Caller wow from my old radio show i wanted to be able to i wanted people to stop and listen and focus. Its not easy to do a oneman show about business. Im trying to, you know, make it a little more interesting than it would be otherwise. But thank you for noticing thank you very much. Caller well, i think youve done a fantastic job i have 25 years in the Motion Picture industry and television and ive seen a lot of talent. Yours stands out as being one of the best wow caller what can you tell me upcoming with lilly . Okay. We had this group 100x on the other day and they did a study how people feel about lilly very versus wegovy, zepbound versus Novo Nordisk Lilly is so far and away a winner i say youve got toent stock. Lets hope it comes in so you can buy more thank you for the kind words lets go to reese in illinois. Reese. Caller booyah, jim. Im talking about a tech conglomerate in the entertainment space that never gets talked about. It has glowing revenues in gaming, movies, music and hardware including sensors in the iphone it issued a buyback, Dividend Increase and a 5 to 1 stock split all while having a p e of just 14 yet its stuck in the mud. The stock im talking about is Sony Group Stock ticker sony. Theyve got to get out of this, tell me listen, were not interested in a takeover because i just like the stock as is and its been weighed down by the takeover talk. And that, ladies and gentlemen, is the conclusion of the lightning round the fuel you need to take flight. Cirkul is the energy that gets you to the next level. Cirkul is what you hope for when life tosses lemons your way. Cirkul, available at walmart and drinkcirkul. Com. To start a business, you need an idea. Its a pillow with a speaker in it thats right craig. A team thats highly competent. Im just here for the internets. At t its superfast. Reliable. You locked us out . arrggghh ahhhh solutionoriented. [jenna screams] and most importantly. Is the internet out . Dont worry, we have at t internet backup. The next level network. I sold a pillow sometimes the markets so wrong that it just takes your breath away. It cant get its head around the great things some executives do to unlock value. Hallelujah take last night, the amazing ceo of dupont announced hes splitting the company into three separate companies so wall street will finally start giving these businesses the credit theyre worth. Given we own dupont for the Charitable Trust i was thrilled and also stunned this morning that nobody seemed to care i remember when breen broke up tyco nearly two decades ago and made a fortune for shareholders. I mean, just incredible. It was one of the most celebrated breakups in history. I remember when he did the same thing in the chemical business merging with the old dupont with dow chemical, then breaking them into three separate businesses the current duponts a materials component. Duponts got a divergent mix of divisions and it could use the tyco treatment electronics business, 4 billion in sales where they make materials for advanced electronics. Theyve got a water business with 1. 5 billion in sales thats all about Water Filtration technologies then what we call new dupont, the materials biz. I think breens right to break this up. The three divisions are worth much more on their own theres no real synergy, divisions dont help each other and wall street would be very, very excited about all three as separate entities. I figured the stock would open at 4 , 5 to roar from there squawk on the street when the market opens and i hear thestory and yet the stocks down a dollar. I was stunned. [ boos ] first youre getting a new dupont thats far less cyclical than the old one health care and devices and packaging. Energy storage, electrification. Sure evs are down right now but how long will that stay. Safety and protection. Thats a fantastic business. Back in the days when i owned an inn in new jersey we had to spend a lot of money dealing with fire safety regulations nobody ever rolled back i alaw thats meant to protect people from getting hurt. The new dupont could be an acquired sale. But across divisions something breen kept doing during the legendary tyco breakup. Theres a lot to like about the two other businesses one, electronics has been down in the dumps because its heavily tied to the Semiconductor Industry but after several the breakup here is going to take 8 to 24 months and then there might be a term we dont know how long of waiting for the law before anybody can acquire these companies. Oh, but in the meantime they can buy others, they can make a ton of money as for water its all about Drinking Water p. Municipal waste water, industrial waste water desalination and right now i think its being valued at an incredibly low multiple comps in the industry, veralto any of which would love to acquire duponts water business. Overall we come up with a sum of the parts valuation of 100. And thats conservative for this 79 stock. If you want a more detailed breakdown you should join the cnbc investing club where we did a deep dive on this Charitable Trust holding. Long story short, the market often makes mistakes but ignoring the dupont breakup is one for the books. Weve got the most successful breakup artist of our generation with the possible exception of larry culp at g and hes decided to take apart a portfolio of companies that are obviously worth much, much more separate than together whats not to like lets just say you have a chance to buy dupont much, much lower than it deserves to be perhaps its been too long since breen worked magic for a cohort of investors or maybe the machines that do so much trading these days made a spelling error who knows . Its your opportunity. I think you should take it i like to say theres always a bull market somewhere and i promise to try to find it for you right here o i am contessa brewer. Right now a green light for ether. Will a flood of other cryptos follow . An antitrust suit. Could it save consumers money . The dc attorney general explains why he is backing the complaint. A fragrant flower. What Charles Barkley says about his own bosses over the battle for nba rights. The nba itself is