Where the hype is too great like when a goat was riding a s surfboard with a gopro on his head nine years ago. It was about to reach the high 90s before falling to the single digit within a year and a half. But to put it in my terms it jumped the shark. The dui advanced 87. The nasdaq where all the stuff is jumped 1. 14 . Actually i have to tell you its a big reason im out in the sa salesforce conference billing itself as the Worlds Largest a. I. Fast tool. When will Companies Stop rolling out these stories to prop up stocks. When i saw the gopro on the surfboard i called the top and prepared to do the same thing with a. I. If i have to because the promotion machine may have gone haywire. When i heard about how cocacola is launching a new drink codeveloped with the y3000. Maybe it tastes great but when you see it hyped from cocacola maybe were on legitimate use cases because this is not a consumer or gented technology. Ill never argue with the ceo of nvidia. He was talking about how a. I. Could allow businesses to save massive amounts of money but not trying to hook the consumer on anything. Its not like everyone can use a. I. Reperiod from frank sl tman. Unless its visible it may not be that available. A lot of companies have emblaised it for so and if they cant deliver real return and the whole notion is a transformative business to consumer, it will fizzle, the stocks of companies that pushed that story will fizzle with it so need to closely listen to frank about how bullish it is. Lets let snowflake tell us. Maybe its just unbelievable for the enterprise but we cant say how great it is at home. Lots of company want to embrace it because it can save costs in the call center and coding process. If you use Large Language Models where you ask a computer without coding you got a winner. You can quiz your own computer about cyberthreats and itll tell you about it. A ceo from palo alto says the same thing. Makes sense for cybersecurity. So im not saying a. I. Isnt huge. Im sure it will be a very big deal and know nvidia demonstrated how it eyes them more efficiently to Save Companies fortune. Capital one or any of the Auto Insurance companies or finance companies can use a. I. To make sure theyre offering the best price, gigantic numbers for them. But taking up stocks, because companies claim theyre embracing Artificial Intelligence. Im starting to think its silly. We own Meta Platforms and im happy to see working with nvidia to get in front of chatgpt. Heres the problem. I broke that story in november of 2021 when i went to nvidia. Thats when i broke it. It had a deep relationship with meta to do what was written in the paper. Nothing truly new here. Thats overenthusiastic stock versus reality of business. Now, even without Artificial Intelligence i think techs are undervalued. Were beginning to see higher corporate tech spending, something sha snowflake talked about in the Conference Call and apple narrative from china is getting baked in. The one that has me steamed or stunned is the one from Morgan Stanleys adam jonas who upgraded tesla from hold to buy because tesla could be a tech company and if it can tap its own superbrain dojo, thats it. It could be like Amazon Web Service and could be worth 500 billion more than its current valuation because of dojo. I like jonas but he missed the test. Maybe hes just getting ahead of the next leg higher as a Supercomputer Company that could challenge nvidia down the road. Thats why teslas stock went up 10 and nvidias stock went down. Im not convinced. Any company that needs to sort and process needs a. I. Any company with expensive smart coders will find out. I got to find it out. I got to see it, okay. Ive come right here to see it. Right now there are companies that can and will bring in revenue especially to the consumer, but im not saying that the consumer is the best use case themself or herself because if anything, this is an enterprise story. I am saying the days when a company or Analyst Thinks a. I. Must be bought and it brings a buy this stock conversation, thats peeking. Remember, todays tech strength was not based on a. I. But on actual earnings per share which is great news and a show 6 strength when we heard 2 could be ten types oversubscribed. Thats what i want to hear, not about a 500 billion a. I. Possibility for tesla. Many people laugh when i said the use cases for gopro peaked with the stock nine years ago. I know that sucker right from the top. I do the same here. I have to learn more. Weve seen tons of ceos shy to shoehorn a. I. Into their narratives and worked but those days will soon be numbered unless they have a legitimate way to make lots of money off a. I. Rather than watching a goat surf admittedly off the coast of hawaii. Lets take calls and wes is in texas. Wes. Caller a navy deep sea hooyah booyah from texas. Thank you for serving, booyah. How can i help . Caller with clear headwinds and manufacturing front and seemingly unlimited demand when do you think Lockheed Martin will get wind back in its sails. I think soon. We know jim who was at American Tower is a total winner. The budget is fine for defense. The stock has had a down almost 100 point, just the right time to buy it with almost a 3 yield. I think you got a good one. Ethan in california. Ethan. Caller booyah, jimmy. Yo, ethan, how are you doing . Caller im wanting your thoughts on pool corporation. Very well run company and i think people feel its a discretionary item and consumers arent spending discretionary, so i want to be a little cool on pool. Lets go to jeff in california. Jeff. Caller hey, booyah, jimmy, how are you doing . Doing well, how about you . Caller fantastic. Thanks for taking my call. My stock is shopify. I used to own tons of it when it was going up, going up, used to be the king of kings and with Online Shopping going stronger and stronger lots would like a storefront online. The great news about shopify, that on november 24th of 2021, the day before thanksgiving, shopify hit an alltime high of 169 bucks a share, which is up 945 . But theres a big but here, jimmy chill, it hit an alltime low to only 27 bucks a share which was 84 off the high. True. Caller its kind of a weird coincidence that shopify just shot up in the recent months, in fact, again just a coincidence it shot up 84 year to date just you got symmetry there. Now, heres how i feel about it. I think that when we had them on recently people underestimated how powerful their model is and then amazon ties up with them which tells me that theyre going to be able to keep the customer and have the customer make even more money, which means its going to be even better for shopify. I dont know about the symmetry. I like that 84 82 thing but think you have a winner in shopify. Lets go to malinsky in virginia. Caller my eagles and browns are undefeated. It might be early. I want to limit that but it might be early. Caller ill take it for right now because every week can change with the browns. Im trying to avoid a value trap here. Company is doing a lot of right things, has macro issue, consumer demand, credit tightening. We know pigs get fat and hogs get slaughtered. Harleydavidson is getting slaughtered. What do we do . This is no nick chubb. Thats all i can tell you. I think this is not a consistent Reliable Company so well have to say its a little bit more like yesterdays bengals than like yesterdays browns. I think shoehorning a. I. With the notion to jump stocks higher may be over even if there is a legitimate use case. On mad, kick off a big win, smuckerss acquired Hostess Brands and go straight to the source. Then julios bounced back with a. I. So it is more focused on Sustainable Growth for twilio and as i said the a craze has gotten out of hand to promoting stock but could snowflake hold its own in the Artificial Intelligence space . You dont want to miss my exclusive so stay with cramer from san francisco. Announcer dont miss a second of mad money. Follow jimcramer on twitter. Have a question, tweet cramer, madtweets. Send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc. Miss something, head to madmoney. Cnbc. Com. With gold bond. You can age on your own terms. Retinol overnight means. The smoothing benefits of retinol. Are now for your whole body. Plus, fastworking crepe corrector diminishes wrinkled skin in just two days. Gold bond. Champion your skin. sfx stone wheel crafting the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. It still does. What can you do with spy . fan 1 there ya go thats what im talkin about what can you do with spy . josh allen is this your plan to watch the game today . hero fan uh, yea. I have to watch my neighbors nfl sunday ticket. josh allen its not your best plan. But you know what is . Myplan from verizon. Switch now and theyll give you nfl sunday ticket from youtubetv, on them. hero fan this plan is amazing josh allen another amazing plan, backing away from here very slowly. fan 1 that was josh allen. fan 2 mmhm. vo football season is here. Get nfl sunday ticket from youtubetv on us. A 449 value. Plus, get a free 5g phone. Only on verizon. Nice footwork. Man, youre lucky, watching live sports never used to be this easy. Now you can stream all your games like its nothing. Yes [ cheers ] yeah woho running up and down that field looks tough. Its a pitch. Get way more into what youre into when you stream on the xfinity 10g network. James smucker is buying hostess for 5. 6 billion. Theyre paying a 54 premium for hostess versus where it was trading before we started hearing rumors of a deal. Its called the most expackage of twinkies in history. Wall street wasnt thrilled. The Stock Plunged 7 . Some could be some stock component but what is the thinking behind the acquisition. I felt they needed a much more exposure. Why speculate when you go straight to the source and the chairman, president and ceo of James Smucker company. Welcome back, mr. Smucker. Thanks for having me, jim. We had callahan. We put it on multiple times because the ceo of hostess, he convinced us this is the best grower in the food business and thats why i think it made a ton of sense to be attracted to it. Some of these analysts, theres no synergy like you were a tool and die company or defense company. Doesnt this fit right into your categories . It is squarely on strategy. I mean, snacking occasions continue to grow, and as you know we have our rocket ship which is one crustables and this goff tails nicely because what it does, expands our option alt to access new snacking occasions, consumers are snacking at different times a day and sometimes they want something sweet, sometimes they dont but when they do we want to be there for them and this fits perfectly with our strategy. We had cellcius and own the Convenience Store. Dont you want to be in the Convenience Store sector which is just booming right now . Absolutely and thats one of the reasons why we were so excited about hostess is they have a fantastic distribution model. Our we complement each other so well. They do excellent job in the convenience channels, were just now launching an uncrustable that has a fiveday shelf life and can live in that space and we have great strength in our core grocery channels as well as expertise in marketing so theres a lot of complimentary capabilities that are going to allow both businesses to continue to grow here. All right, so the sporting Morgan Stanley comes out with a note talking about glp1, the revolutionary drugs that make it so you dont want as much snacking. Are you concerned about this lets say, the drugs that people are using and the longterm future of snacking . Jim, we view that people are always going to want to snack and there are times of day when somebody might want a proteinbased snack like a Peanut Butter with celery but other times people want something a little more indulgent and hostess created single serve small portions that allow people to have snacking, sweet snacks in moderation and think and weve studied this business for a couple of years, and we really see a long growth trajectory here and, again, those complimentary synergies for both parties. Its possible i know its rumored that General Mills obviously was in there trying to buy it and i think maybe people feel like you end up having to pay too much versus your own stock. Would that be a cause of concern . You know, no, and, in fact, when you look at our multiple post synergy, its going to be down around 13 times and we think thats very ream and, again, this is an accretive transaction. It is going to grow our business. It is going to allow us to grow snacking occasions and ultimately it will benefit the shareholders through that. The 100 million in synergy is pretty confident. Absolutely. One thing that people dont understand, it is an engine of innovation in a category that has lacked innovation. Can you lock in those people who came up with some of those incredible, incredible snacks that this company has put out since andy what is got in. Andy is a great team and have done a fantastic job with innovation. I think if you take that innovation engine that theyve got going, continue that and we continue to pour a little gasoline called marketing on top of this with our expertise in marketing well see tremendous growth here. One thing that threw me, you own the best coffee brands. One of the great things that randy did was create the donut coffee, the boost. Isnt there synergy about what you know about what a consumer wants . You are going where the consumer is, and thats why i think this is such a good deal. I could not have said it any better. You know, we play very strongly both in morning, breakfast and lunch but also those in between times, so, of course, coffee and now coffee is consumed as a snack, if you think about how often consumers are making cold, sweet coffee benches in the afternoon to treat themselves, why not have a dounette with that. Obesity drugs. Is it not true people like a treat . 100 and all of us want to snack in moderation and, of course, we all, you know, want to watch calories and, again, i think the reason the way theyve come out with single serve packs really allows the consumer to be diligent and watch those calories and be responsible. But i had a hoho and twinkie today already because i had to. And i felt like something sweet. Well, i like that, dont forget those. My favorite cookie. You did get rid of some. You did get rid of some of the pet food and i know that some of the pet foods were not necessarily ones you would stand behind but, i mean, thats a great category. Why did you divest . Well, if you think about the strategic journey that weve been on, we have been very diligent about taking our family of brands and focusing them down to the brands that are going to grow. If you think about why we got into the pet food category in the first place, it was all around dog snacks with the milk bone as the crown jewel and meow mix as cat food, we kept those two because they are our Growth Drivers and similarly in the past when we divested pillsbury baking mixes and crisco cooking oils, those were categories that were in decline and shedding those assets allowed us to really focus clearly on those assets and brands that we know that we can grow, and, again, it just speaks to the fact that hostess fits perfectly. Very clear from your presentation today, you want to delever and also youre committed to the dividends and decided were going to grow and be wasteful and not worry. Yeah, you know, our capital deployment strategy is clearly focused on getting this next uncrustables plant up and running which were doing and continuing to grow our dividend and pay down this debt and delever as quickly as we can. We would expect to be around three times in two to three years. Well, thats what we want. We want the responsibility and i know im a huge believer in the company and i think you got it for a very good price. Mark smucker, sjm, thank you, mark. Good to see you. Thank you so much, jim. Guy, look, im saying it is a good acquisition, the analysts didnt like it but weve believed in hostess since day one. Still do. Mad money is back after the break. Announcer coming up, this company soared after its last quarterly report. Will the good times keep rolling for twilio . Find out next. 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Since then many have gotten profit b89 and stocks have come roaring back since the lows last fall, take twilio. The Communications Platform that hips Companies Directly connect with hair customers versus call, chats, emails, when you get a text from airbnb or uber or a hospital, its their software or from home depot. Twilio grew too fast in the pandemic, but the stock peeking at 4 a7, plummeted to 41 and since then laid off 28 of their workforce and going through a major restructuring and you know what, it is working. Last month they delivered a 24cent earnings, 24 off a 30cent basis and rallied 14 since then up 63 since its lows. Can it keep rebounding. Lets check in with their ceo. Welcome back to mad money. Thank you, jim. Jeff, i think i have to eat crow. I didnt understand the power of your company. You could make money when you just wanted to make money, you bought stock, the stock was right to buy and, you know what, i think people are misjudging the power of your model. I had no idea you could make this much money. I think we have that amazing profit potential here. Now, we focused on growth for the first decade plus of the company. Thats what you do in the Technology World when the world is your market. And now weve turned that same energy having really won that growth era of the company and turned that attention towards now turning it into a profit engine where 4 billion Revenue Company and as you said weve really focused now on profitable growth as it goes. I think the recent results have shown that is, you know, something that the profit engine we have the ability to create here is absolutely tremendous and theres another interesting bit, which is right now there is a headwind in growth because of, you know, with the usagebased revenue model economy slows down but as it heats up again which will happen, nobody knows when but it will eventually then that turns into a tailwind for us and without spending any more opex we can you have the great leverage of an oldfashioned like a microsoft has that. I see it. Already largest email and largest Message Company of the deal. These are huge deals, 300,000 clients who are obviously very satisfied or you wouldnt have the renewal rate. To me it seems like if things pick up youre just you could be immensely profitable. Thats the neat thing. We dont have to spend more in order to capture the youside of Economic Activity that increases so what were doing right now were focused on doing competitive winds and getting design winds and getting ourselves into more and more companies and as the economy continues to grow we have this amazing ability to drop profit to the bottom line. You drop profit to the bottom line of customers too or else save the money. I think we get were all used to now when we make an appointment for a hospital or doctor we get a message because they cant afford to have it so you dont show and its a system that every nickel matters. Youve got the v. A. Which is the biggest of all. Theyre using it in a similar manner. Yeah, when a hospital, for example, uses twilio to make sure you show up for your appointment, it is tremendous for them. A couple years ago the v. A. Talked about how much money, this is taxpayer money, its also the care of our veterans that they were able to save a tremendous amount of money by making sure people show up to their appointments. And now you think about the future that lays ahead with a. I. And how we can actually take all the Customer Data we have and segment and apply it to communications to make it so our Customer Communications are even more effective at engaging with their customers. One thing im learning when im out here, yes, you can look at chatgpt, but its more its more lucrative to think about what a bank can do with it. For instance, fraud alert. That is often you. Yeah, well, theres the fraud alerts that you get from banks, theres all sorts of interesting things. We launched a couple weeks ago our customer a. I. Product line and this is a set of products and capabilities that are generative and predictive a. I. That let Companies Use a. I. And all the data they have about their customers, i think, to make themselves ten times better at serving their customers. I saw that 10x. At onetenth of the cost. Amazing coming decade because a. I. Enables you to really create these kinds of offers. Ive been using your term when im thinking about what im doing out here. You can perceive, understand and activate. That is all a. I. And twilio. Think about it. If you had a human being that was there taking care of every single customer like at the restaurants, imagine a human being, one per every customer looking after every customer and paying attention, wow, those customers would never go to another restaurant but a. I. Can do it at scale. While you could never hire a person to look after each and every customer, you can have a. I. That takes in every bit of information about your customer, every mobile click, everything theyre doing and turn it into an understanding of that customer and do a profile, what are they all about, what do they want and activate it across web, moment, messages, email, et cetera, to personalize every interaction for a customer. This is what we call customer a. I. And i think its going to make marketers ten times effective, Customer Service ten times as effective. Companies will get ten times better. I remember when you first told me you could blast out to everybody. I said, maybe they dont want margaritas, how about i do a protoil and thats what it can do. You are more targeted than youve ever been and such a Better Bargain for the customer. Interesting because a lot of companies do targeting and create audiences and have different man audiences. With a. I. Nothing is preventing you from having a thousand audiences, a million audiences, every customer can get a targeted Campaign Just at them and thats what a. I. Will bring about and will be tremendously efficient and companies will be able to drop a lot of that efficiency to the bottom line and great time for investors. Well, i want to thank you for explaining it to me and you were right to buy stock and i think our viewers would be well served to. Profitable growth great to have. Thats jeff lawson, twilios cofounder, chairman and ceo with a good story and not made up. Mad money is back after the break. Announcer coming up, time to flake out . Cramer goes with the snow. When we return. Every day, businesses everywhere are asking is it possible . With comcast business. It is. Is it possible to use predictive monitoring to address operations issues . We can help with that. Can we provide health care virtually anywhere . We can help with that, too. Is it possible to survey foot traffic across all of our locations . Yeah absolutely. With the advanced connectivity and intelligence of global secure networking from comcast business. Its not just possible. Its happening. What do you get from the Morgan StanleyClient Experience . Listening more than talking, and a personalized plan to guide you through a changing world. There are some things that go better. Together. Like your workplace benefits. And retirement savings. With voya, considering all your financial choices together. Can help you be better prepared for unexpected events. Voya. Well planned. Well invested. Well protected. I was told my Small Business wouldnt qualify for an erc tax refund. You should get a Second Opinion from Innovation Refunds at no upfront cost. Sometimes you need a Second Opinion. [coughs] good to go. Yeah, i think ill get a Second Opinion. All these walls gotta go ah ah ah id love a Second Opinion. No. Im going to get a Second Opinion. With Innovation Refunds, theres no upfront cost to find out. So why not check like i did for my Small Business . Take the first step to see if your Small Business qualifies for the erc. The hype surrounding Artificial Intelligence is getting ahead itself. Some can make a killing from it. And its absurd. There are genuine winners beyond nvidia like snowflake, the cloudbased management analytical play sitting on a digital gold mine. High quality treasure trove that is exactly what Companies Need in order to train their systems, even better, snowflake is putting up incredible numbers and reported x and bottom line beat and management getting positive commentary, stabilization, incremental improvement. I like this. You know, the stocks only reiterated full year forecast but its a race that has lost some and then some. Lets look at Frank Slootman to learn more. Welcome back to mad money. Good to be on with you. When i spoke to you last you were a little you were trying to guide me down basically. Im a little more effused about tech. They have stabilized. Incremental improvement is happening. Green chutes. Is that the way you would describe it. Sentiment changes. The mood, what people are talking about, what theyre not talking about. Those are usually far or outleading indicators of where things are headed. May not show up in the data yet but its qualitative. In the meantime, youre very, lets say, circumspect about people who say, hey, i got to do a. I. Ill quote this. We cannot unleash a. I. And have no Business Model that pays for it. People will get tired really quickly. There are people who are just saying theyre a. I. But theyre not going to get an roi. Were tough with the hype cycle. Two letters left in the alphabet these days but, you know, we have a long history with technology. They all tart out that way but they become real, you know, gradually and shortly and it takes time. I think the chatgpt, though, got people excited but its used cases like insurance companies, banks, telco, theyre the ones that will be able to make genuine money from this. Yeah, i mean, weve been infatuated with planning our next trip to yellowstone and summarizing the great gatsby. Thats not what enterprises do. I love it. You say, look, one of the mystifying things and youre on the board of instacart we dont know churn. A good use case, so many different pieces of data, why doesnt someone take your product. Turn is a hard problem to analyze and data plays an incredibly key role and holds the keys to driving top line growth but you cant drive growth if people are walking out the back door so there are companies that i felt were data lets say, lacking in savvy, that maybe because you can just speak to your computer were getting companies in the medical area in health. They have not been that tech savvy but maybe you dont need to be as tech savvy as ask a question to a computer. Yeah, you dont even have to be literate if you talk to it. It will give you an answer back. Who was the factor between getting answers back and to management . What was going on . Well, i think things are incredibly complex. Your head explodes very, very quickly due to the complexity of all the possible explanations of things that are going on. You mentioned the problem and insurance people are wondering why claims are up and not in that place. You can send teams out for weeks on end and still end up with the wrong answer. There are layers of complexity and depth that have to be probed. Can you make a lot of money in this . I know you and nvidia had this great back and forth at the summit but it feels like forces are squeezing your profitability. Competitors, its not cheap to actually work on in the cloud. Its not. You know, at all and absolutely its a consumption model so its variable. You spend and use as much as you can so people are still getting used to the reality that you pay by the drink. Nothing has those advantages. They have tote at flexibility. I dont have to lay out capital but comes with a cost. Now, are people are there cops that are truly infatuated with a. I. And once they take the contract with you, they realize that they cant save or make money . Well, look, its too early to get ahead of ourselves and in the Enterprise People dont get that excited that quickly. Thats a great point because what weve seen endlessly are people excited about being age to go to chatgpt and say give me an interview, cramer to gandhi on mad money. That is meaningless. What i want to know whether i have to change my finance cost or change what i charge a customer within seconds, because thats where the real money is. Yeah, but, you know, as we were using models were also finding theyre not giving us precise answers. Theyre giving us approximate answers. And the enterprise we wont tolerate that, right . If youre asking for asking a specific question, you want an answer that is exactly that, not approximately, right . But you do go on and on and you are not a guy whos given to hyperbole. I think youre a numbers guy and actually tried to get you more excited at times and repeatedly say this is the best time youve been around tech forever. Why is this the best time . I look ive lived long enough that i remember what the world was like before search, okay. Search changed everything. Im a search junkie. I absolutely love it with a passion, its the most incredibly enabling and powering thing that weve had in the last 20 thing, right . I think a. I. Will become, you know, a million times a million time sflsz people will not be able to remember a world before a. I. Pretty soon because it becomes so integral to their life experience. Who are these people . Are these people at microsoft who need to do more work . Youve said theyre not doing enough business. Amazon, who is it . Who is going to find out that they didnt know what their life was like before because of a. I. . People that were, you know, born recently, obviously theyre its going to be that much of our daily lives. I mean, look, were going to take to this like a fish in water and have assistants and copilots and as ubiquitous as search has been. If thats the case, snowflake will make a fortune. Were planning on it. [ laughter ] you know, i just want people to know if you werent going to make fortunes you actually would say it. You will say, look, its not happening yet. We are huge bulls on the opportunity here. Were sitting on an absolute mass of highly structured you didnt start this. You didnt come to snowflake knowing this. No, no, we did not. When you first started you came on and you were hoping that people would rent the cloud. Now youve got the ultimate reason to do it. Did you just fall into it . You did not see this comeing . No, look, the cloud itself had extraordinarily empowering effects on analytical science that we knew and were seeing it and seen learning which may be a lesser form of a. I. But its becoming mainstream and impactful to businesses everywhere. Thats real and happening everywhere. Now were going, you know, successive levels beyond that so this is a great time to be alive. Ive been waiting for my entire life for this. Are you giving forecasts more than the numbers are the numbers . Look, were forecasting on the basis of data, you know, we do put some takes in all of that but guidance is hard in the consumption model. Take a subscription company. 96 of revenue is known on day one of the quarter. For us thats zero percent so its a very different discipline for us. Keep coming back. Of course. Well, its the most bullish ive seen you and i like that because youre kind of like an nfl youre a little belichicklike, you know that . Just saying. Just putting it out there. Thats Frank Slootman, chairman and ceo of snowflake, the most ebullient that ive ever seen. Thank you. Mad money is back after the break. Announcer coming up, the fog is rolling out. Its a big area of booyah lightning round next. It is time, time for the lightning round. [ buzzer ] then the lightning round is over. Are you ready, skeedaddy . Lets go to jim in texas. Jim. Caller hey, jim cramer. Yo. Caller im a longtime mad money fan, and Investment Club member from the start. Thank you. Caller my question is about a stock thats an ev lithium play, ticker alb and have a cost basis of 214 and its 13 down. Right, theres a lot much more competition in that market, just giant find by the way according to a trade press i got of lithium. The price is going so i cant recommend our model even though im thrilled you have been a club member since day one. Craig in new york. Craig. Caller hi, mr. Jim. This is craig in new jersey. Okay. How are you . Sorry. Caller okay, okay, thanks for taking my call and thank you for being so kind and helpful. I appreciate it. Caller my question is, take the compliments. My question is, when should i buy oneok . I think right here, craig. Its about 6 yield. We add the other side of the trade on with magellan and management is terrific. The ceo is like you and me, i love it so buy it to brian in pennsylvania. Brian. Caller booyah, jim. How are you . Booyah, brian. Im good. How about you . Caller very goodon yesterday, it was great. Yes. Caller calling about rivian. See a lot more on the street these days and i see the amazon van and want to get your thoughts on that. Its had a good run from the bottom and i actually have not been recommending companies that that are just losing a huge amount of money and rivian is using cash like you wouldnt believe. Im going to have to say no to that one. Lets go to dream in pennsylvania. Dream. Caller hi, jim. Its an honor and a privilege to be on this superb show. Thank you. Caller i just want to give a shoutout to my grandson henry. Heres my question, with all the heat out there is Train Technology a timely buy. These stocks have just been going at it. Theyve been just giant winners. Theyre both very well managed. I think you got either one as a winger. To mitchell in texas. Mitchell. Caller yo, jimmy, coming you to you from the golf course. Fantastic. Whats going on . Caller yes, sir. Hey, i got a stock its trading with a future p e of 11 or 12, still growth, high Single Digits on revenue. I dont know what to do with it. I got to tell you they are declining margins. Im not a big fan of fintech. I think its a value trap frankly. Im not there for that one. Lets go to ernie in texas. Caller how are you doing . Well. How about you. Caller real good. Thanks for taking my call. Of course. Caller one year away from completing the first phase three trial for cassava sciences. The mode was confirmed by french researchers in paris and have enough cash to complete the trials and no debt. Okay, so lets say this, it is a gigantic spec. It does interrupt the bad plays because i was the spokesperson for the american brain foundation, i get it. It is a gigantic spec. As long as youre willing to lose a lot to make a lot, im okay with it. Chuck in michigan. Chuck. Caller jim, hello from gods country in michigans upper peninsula. Absolutely. I just talked to somebody the other day from the u. P. Whats going on . Caller if Cleveland Cliffs acquires u. S. Steel how do you see things going for them in the short and long term. I think you have to see if justice blocks that but if we get a strike in the auto market, clevelandcliffs really does a great job in the auto market and it could go lower than 14. Ill have to say wait to pull the trigger. Do not pull the trigger here. [ buzzer ] to tom in oregon. Caller hi, jim. Thank you for taking my call and all you do. Of course. Caller ive been legging into clearfield and averaging down and its about time to add more to it. No, no, commodity business, clearfield, commodity part of telco. Dont do that. Im sorry. You can do it but its certainly not on me is the best way to look at it and that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] announcer coming up, cramer may be out west but we focus on the far east when mad money returns. Chinese government seems willing to cut off its proverbial nose to spite its face even though it could hurt the u. S. I dont know where it will end. Bad for business and know theres bad blood between the two countries but when apple news came out that china is willing to ban the use of iphones it became clear that xi is taking a far more negative approach to u. S. Companies. The Chinese Communist policy had a twotrack policy, as much commerce as they can us but they favor American Companies that create lots of jobs in china. They want buy china for china. Thats why nike and starbucks have been so successful, estee lauder, ge, disney, tesla, bowing and so many other American Companies with footprints there. I have seen a ton of footage that showsme the apple story might have more bark than bite. The Chinese Stores were mobbed. Sure we know huawei has a 5g and many have two phones same as if you need a separate one for work. The previously protected class of companies doesnt seem to be protected anymore. I got to tell you im stunned about this. Every government in the world needs more domestic manufacturing. Right now china needs it desperately. They have a real unemployment problem as young people cant get jobs and apple is a huge employer yet it doesnt seem to matter and want to retaliate against our ban on semiconductors so far theres been no sign that starbucks or disney have had any problems. Their big employers of young people. I know as recently as august the Chinese Ministry of education talked about how important it is with nike to stay in shape but beginning to wonder if xi cares about any of this. He seems determined to roll back reforms from the last 40 years when china went all in on commerce with u. S. As part of its export oriented growth story. Ever since President Trump put tariffs on them and they got wealthier. Western companies can get a much better deal in vietnam, for example. A lot thought the Biden Administration would tone things down but if anything theyve cracked down harder as part of an effort to prevent the Chinese Government getting its land on hightech components that cant be found elsewhere and used by the Peoples Liberation army and why china acted so quickly to hurt apple after the recent visit. Remember when we spoke to her, she said theyre trying her patience even as President Biden said in vietnam he doesnt wish illwill toward china although china i think sees that assen expression of ill will. Lets bring it back to the mad money level. Every American Company trading into china is trading horrendous list with their peers with less exposure. Thanks to worry about possible government sanctions and the fact that chinas economy is collapsing. Either way im not at all optimistic about American Companies with big china exposure. The economic risk is bad enough. You dont need the Political Risk from a war making everything worse and these things feed on each other because as the chinese economy gets worse, im getting i really believe im betting that their government becomes even more confrontational. I always say theres a bull market somewhere. I promise to find it right here for you on mad money. Im jim cramer. See you tomorrow. Last call starts now. 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