Sense for our stock market to be down as far as it was today. Even as i have repeatedly said that china is a shadow of its health. Losing 1. 1 percent. What is up with the job market . This chinese Economic Data overnight. I am not gnoring the current corporations with china. Should china be super important to our stock market these days . I think that china is hurting. It is happening but not as drastically as some people think. We rely on them for so many cheap goods. Whats more important is whether you hate them or love them. The final investments away from china and the Biden Administration is doubling down on new technology. It will have a far greater impact on the progress in the future. With youth unemployment this morning, it was a jarring. That is what the authoritarian regimes do. I do not want to ignore the pending collapse of some chinese financial entities. I find it odd that arm market is this versatile. One quarter of their exports go to the prc. I have to question that. Consumers are so much stronger. Companies with lots of exposure. Starbucks, nike. There are oneoff cylinders. With china. Investors do on a lot of chinese stocks and bonds. That is why it is on our side of the chinese weakness. I think we need to abide by the word for those who came here for the patients in the month of august. Nicely in the negative territory. Stocks as we did today. Small, on the way down. I do not want to give away any of our moves. Thursday at noon, they will be adamant. Buys stocks abroad. Needed for the daytoday reflections. You by thematically and then you can buy bigger on the way down. The government is spending more than 1 trillion trying to make things better environmentally. I love the infrastructure theme here. Owning caterpillar that had a big run down. Also the Biggest Steel Company in america. They are doing quite well with all your spending. Now do not think about all of the money earmarked. I buy these stocks more than any of the china related tips. An incredible trend here. Anything connected with aerospace should be a winner. No, i do not believe that the toryism is over. Will remain in place as long as people are sure on monday and i have time. Their team, they do not think that there are certain Drug Companies connected to china and i think that is insane. By the way, that thing is selling incredibly well. This incredible job which i believe will be approved soon for obesity which will be one of the best selling drugs of all time. Although he is a bit late. Home depot is doing just fine. Doing more if china had not covered the whole tape today. Along with the other homebuilders. They are the only publicly traded highend homebuilder. The market just keeps getting better. Not that they have not been hurt by higher Mortgage Rates. More on that later. I think that makes the most sense to buy here. Even when china has been teetering. Does anybody believe that the slowing chinese economy has anything to do with Artificial Intelligence . They want to build a supercomputer and you need nvidia chips to do so. Intel, i do not want to be one of them. When it comes to ai and nvidia. Amazon ops and metaare not easy and connected to china. Amazon had an amazing quarter. The first of many. The nfl sunday ticket screams directv. Yes. Metas best investment out there is pretty darn close. You may say, how do these stocks go by the fed. I come back and say that these themes have been the same with the pressure that they have continued to do so. It has been a hostage situation the last year. I did not include the financials. I did not include apple. I do not think you are getting the best entry point here. I do not think it will go away anytime soon. The bottom line, if you have some cash ready, rate cap, rate cap, rate cap. Maybe it is small. The market will get something that is a little relation to our economy. By more as we go lower for these themes. These themes last for ages. Just be prepared and know that it can be a buying opportunity as long as you know what to buy. We will tell you before we do every day of the week. Maybe i was just wondering if target is a better buy over walmart in the longterm perspective . To one of the things that i have done is i have stopped playing the game of what to do tomorrow. That is a dangerous game. It has a 3. 5 yield. There are traitors in and out and they will shoot the shock down. What about trey in texas . Trey . I interviewed for a job today and when i was asked about my experience i said i lead a guild on world of warcraft. There are few fortune 500 ceos who can do what i do. My question is, is thats not good in my portfolio . Okay, look. I have to tell you, i think that it is a slow and steady wins the race. If you have cash ready, i advised to sell and raise ash. Raise cash. The market has little real relation to our conomy. Becoming a an of oil and natural gas. We have more improvement from the company ceo. Over 7 failing. A company right in the crosshairs. Building a case for the stock and knowing what is you need to know. 12 out of the 14 last training sessions, what the heck is going on here . Stay with cramer. Do not miss a second of mad money. Follow jim cramer on twitter. Tweet cramer. Send jim an email. Mad money at cnbc. Com. Or give us a call. Miss something, go to mad money at cnbc. Com. Go to cnbc. Com monthly meeting now. Wow, you get to watch all your favorite stuff. Its to die for. And its all right here. Streaming was never this easy, you know. This is the way. You really went all out didnt you . Um, its called commitment. Could you turn down the volume . Here, you can try. Get way more into what your into when you stream on the xfinity 10g network. The last couple months they have been on a roll. That is the oil and gas that we have. Better than expected production. In line for a super good cash flow. Hey, jim. Good to be here. On that i see that you have a lower upstream, dramatically lower than the average. You manager admissions. High executive compensation to the Emission Reduction metric. How do you do it . Why do you do it . What is it mean . People that are really focused on this. They know it is a challenge of our time. It is one of the top engineering challenges. We put those systems to work motivating people. We have creativity, we have innovation and a commitment to lower our missions, identify our admissions and push the envelope. And get it to be as small as we can. In the end, what will happen is that they will look at this and realize that the start, it is not someone who would not do this. It is important that they make money and they also want to be good or parts citizens like you. What popped in for me is that you have a threemile lateral. Can you explain how ou are able to do that . What does it mean for your production . Allows for great efficiency. It is a vertical hole. Once you turn and go horizontal, the longer you can extend the horizontal edge it allows greater capital efficiency. It does not work everywhere. There are places where the risk does not measure up against the reward. We are finding the horizontal welds to be a good uplift. Natural gas is very low. Oil was higher. Sure enough, you said not to chase. If you chase, you are always wrong. What does it mean for a company like yours to have the discipline not to change and be rewarded with a higher price . Is all about knowing what you do not know. Being consist and and really focusing on being good at the business. We cannot control prices or predict them. If there are people out there that can predict them, i would invest in them. It is to have a balanced portfolio, build the portfolio with a steady cash flow regardless of the oil and natural gas cycles. Stay the course. One last thing, jim. Be prepared to adapt. We like to building a lot of contingency plans. And if one or the other changes structurally, we can pivot. I wonder if some investors are okay with your rate of 5 . We have great assets. Very low cost of supply. A long inventory. We are going to see consistent growth. We are not going to be dead in the water and be zero growth. We will invest in borrowed money. Those things are gone. Before we invest in those properties that have consistent growth. Doing that through the cycle. That is what we are doing Going Forward in this money business. Your most recent commentary. Next thing i know, you have a rake there and you are drilling a new mex go. New mexico, i do not mean to be facetious. If it is in mexico, oklahoma, pennsylvania. The low cost of supply. We really can pick and choose. Sometimes, it is driven by the market. Other times, it is driven by the geologic opportunity. It is a great portfolio. I wonder sometimes, you have all that take away. There is take away capacity. The forecast has not come to pass. It should be opening up later this year. We will not be experience any serious bottlenecks. Will the terminals be able to benefit . Or is it all up in texas you would not be able to benefit . It has become a global market. A lot of what is happening overseas does echo back. We see some additional omg walking up. We will have a little bit more of a storage story in europe. We will be able to find some more longterm contracts. We will be able to price them generally. Congratulations for your discipline. It is not like the old days where i have to worry that your cash flow will not meet your demand. Good to see you again. Thanks, jim. Always a pleasure. My mad money will be back. Coming up, does the economy have enough hunger for construction. Next. You dont need me to tell you about the shockingly persistent market for homeowners. There are plenty of homes for sale. Maybe that is because we found out last night that there were a couple from burger house away in the second order. It was the best performing stock in the quarter. Builders first source. Providing components that got no consumer exposure. I been getting a lot of calls on this one. The homebuilders nf is up 60 . First source has nearly tripled over the period. Stock has been an even better performer. They say that they sell all of the major homebuilders. That is how this company grew its earnings to 18. 17 for eight part of the stock which is like a tech company. First source has a couple other things going for it. It was one of the main competitors. They made the combined company the top player in the space. Since then, they have made a smaller bunch of bitesize acquisitions. They can be replaceable for the builders. Builders first source has been pushing into further argins. This is all more proper than just selling things like lumber and copper. You can place orders at any time. They would say that the expectations are way too low. Many thought that the economy would collapse. Not with the way that the interest hike . It was set up. They are not doing as well as they were last year. It did not help that late last year the old ceo of the company resigned. Many wanted to leave on a high note before the whole industry came crashing down. You learn something new every day. He wasnt exactly feeling confident this year. Looking at the headline numbers. They have a full year forecast. Amid the elevated Mortgage Rates. Not great. Since then, Builders First Source has blown away expectation. The new ceo deliberately lowering the bar. I always say to under promise and over deliver. They have an insane earnings number. Wall street was only looking for a dollar . 53. Then they provided a four year forecast. Housing in the economic uncertainty. However, this is why the stocks are only surging 13 . The stocks keep running. The recession is not that inevitable. At home depot, things were not so bad. First source, instead they have the numbers that will continue to be strong. Fastforward two weeks ago. A huge revenue beat. They were looking for 2. 56 per share. They were finally able to get into the four year forecast. You gotta remember, this all goes to expectations, right . Stocks go higher. That determines Builders First Source. It has declined 19 last year. Not so fast. In january, they could be 6000 per share. They have double that number. Saying that it was going to evaporate in that it just slowed. The professional housing repair remodel is strong still. What do you do with Builders First Source . I dont know. You have to look at all the factors. Technology and Mortgage Rates have hiked up above 7 . Everyone thought they were toast. We do not want to see the week homebuilder sentiment. That means less business. That is what happened even if the actual home owning stocks are above that. It makes sense to pull back. Frankly, if you own some of this one already, it would be to take a little bit off the table. Claiming that the house is worth money, i always like that. I think you see competing numbers for the last 20 straight quarters. It is 11. 5 times this years earning. I think it is worth buying, i would suspect that we could see two more hikes. Mortgage rates could be getting cheaper. At the very least, it would be good to buy this one before. Here is the bottom line from this unique story. They thought that the business would collapse under the federal rate hike. This is a very wellrun company. It is real, it is severe. That is perfect for anyone who gets those from homebuilders. Hey, jim. I will give you a quadruple bouillon. The dow jumped 160 points. Lets go to work. I am a twoyear club member. The alerts are intoxicating. I will leave it at that. Anyone coming thursday. I cant wait. I know you were talking very highly and if you can get with them of the 55 . Thank you for being a club member. The new update is coming thursday at 12 00. 35 for the year. Three points off in a market that is increased and is a little bit more difficult. There will be a pullback. It is too hot of a run. How about terry in florida. Terry kumar mr. Cramer. I am looking at a small company, a chr. They are looking at the technology. Im wondering. You are absolutely right. The vertical takehome is very exciting. We have had a couple of stocks that have really gone crazy. We had one today. The problem is that the company is losing a lot of money and i am against recommending stocks that are losing money. When the market turns, i dont want to turn with it. I believe in Builders First Source. Wow. Stocks down for 10 straight days. Holy cow. Is it time . Is there any reasons for investors . One of my rules for the road has always been it is important for any investor to know. Next is the lightning round. Stay with cramer. June and july were roaring. Take the big east coast railroad. The top and bottom line miss. Well talk about that. At the time, wall street did not seem to mind. It is them going down for 10 straight days. Stock is down nearly 3 . Their business and had some operational hiccups. This is a great opportunity that i am waiting for here. We can get a clear picture of what is going on here. Great to be here. We have made a lot of progress. Lets get something out of the way. What everybody talks about. Obviously this has her people. You are trying to do your best. The newest way to handle guys that you cannot boss around. Can you be insured for that kind of accident. It is important that we have made progress. Im proud of the response. We are making promises and we are keeping promises. Last year, the number of derailments was the lowest in two decades. We hired the admiral. They report directly to me as an independent consultant. A lot of it starts with navy nuke experience. It is the Gold Standard and nor folk summer will be the grand standard of safe. If you ever had a nuclear spill, you guys really know your stuff. They are topnotch. I am really impressed with what they have brought to us. We are investing in this. We are investing in the long term success. We are investing in service. We are investing in technology. This is the 860 billion trucking and logistics company. I like where you are located. The best state in the union. What does that mean for your business . There is a massive investment for manufacturing in the united states. It is up 75 yearoveryear. It is three times what it was in 2020. In the midwest that gives us a lot of confidence Going Forward to invest in that franchise. This franchise faces the fastestgrowing segway for the u. S. Economy. International looking good, ecommerce, looking terrific. And when you have ecommerce, that is more than just brick andmortar. It is 34 times more than regular brickandmortar retail. The amazon van or the u. P. S. Van going through your neighborhood. Most do not realize that the package you ordered probably originated nor folk summer bill warehouse there. And then a terminal in atlanta. And then u. P. S. Did the last mile. You did say, at the conference, if you can step back , we are getting that fix as well. What was the step back . Our service did go back a little bit. We promised them this service and we have done it. We are very confident in that. It gives us the foundation to talk to our customers about building us into their long term supply chain needs. I think people might listen and say, so what. They do not realize that in the old days, that was not as if werent. If they got it to you, good. They got it on the truck. Good. It is not like that anymore. You have to beat them with service. We are going to beat them on service. Cost is relative on the truck. We are more sustainable. We have that capacity relative to the truck. We will layer onto that the best in Class Consumer for our customers. Our strategy is built on where markets are headed. If i was a politician, i know i could score points from the railroad. Listen, you have to put more people on the train. The train is not safe. It says that they have done everything they were supposed to do. The detectors were doing exactly what they were supposed to do. I can tell you, we have a lot of high paying union jobs. We invest in our own network. Can you keep costs lower . The operating ratio would be better. When the networks needs up, we will be able to shed those costs. At the same time, what we are seeing, the yearoveryear volume cost outperforming. Is not just hype . Lets just talk about ev. 70 billion. Jim, one third of guys on our line. We already serve more than the vehicle production. This is a great opportunity. Because of the footprint of operating in the southeast. One last question. Is there a big year coming in 2024. There is more to come. You can see it in the markets. They are up 75 . We are investing in the long term. We have confidence in our franchise. It does not make a lot of sense to me. We have a stock market that does reflect longterm. You know i like the rails, i always have. Coming up. Cramer wants to hear from you. Your calls. Next. please dont go by harry casey, Richard Raymond finch pin