Mad Money w/ Jim Cramer 02/04/25

Summary

Mad Money w/ Jim Cramer – Episode Summary (02/04/25)

Introduction In the February 5, 2025 episode of CNBC's "Mad Money" hosted by Jim Cramer, listeners are treated to a dynamic mix of market analysis, in-depth interviews with industry leaders, and the famed Lightning Round. Cramer's mission remains clear: to educate and empower investors to navigate the complexities of Wall Street with the ultimate goal of making money. This episode delves into the ramifications of President Trump's tariffs, explores the strategic growth of Chipotle and Mattel, and culminates with an enthusiastic endorsement of Palantir, among other investment insights.

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1. Economic Commentary: President Trump's Tariffs and Market Impact

Jim Cramer opens the show by dissecting the recent tariff announcements by President Trump, evaluating their implications for various sectors and international relations.

• Tariffs on Canada and Mexico vs. China:

  • “On a day where we do gain 130 points, SB climb 0.72%. Nasdaq shot up 1.35%." [00:53]
  • Cramer emphasizes the strategic differences in tariffs imposed on Canada and Mexico (25%) versus China (10%), highlighting the market's positive reaction to the lower Chinese tariffs.

• China Relations and Market Reactions:

  • “The Chinese Communist Party is either unwilling or unable to stop intellectual property theft or stop appropriating our technology for their military." [06:30]
  • He underscores the complex relationship between the U.S. and China, noting that despite retaliatory actions, China's market performance indicates a nuanced recognition of Trump's business-oriented negotiation stance.

• Sovereign Wealth Fund Proposal:

  • “The President said we're going to have a sovereign wealth fund like the Saudis." [06:58]
  • Cramer discusses the controversial proposal of establishing a sovereign wealth fund, exploring its potential impact on businesses and stock buybacks.

Key Insights:

• Trump's tariff strategy aims to balance political promises with economic pragmatism, seeking deals that bolster U.S. business interests without severely disrupting trade relations.
• Market reactions indicate cautious optimism, particularly regarding China's more favorable tariff rate and ongoing negotiations.

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2. Caller Interactions and Stock Advice

Throughout the show, Cramer engages with callers seeking advice on specific stocks, offering nuanced perspectives based on market conditions and company performance.

• FedEx Stock Analysis:

  • Caller expresses uncertainty about increasing their position in FedEx.
  • Cramer advises caution due to FedEx's exposure to the ongoing trade war, suggesting waiting for a price dip before buying more shares.
  • “If it gets to 112, you just have to pull the trigger." [08:30]

• Boeing Stock Discussion:

  • A caller shares success with following Cramer's advice on Boeing.
  • Cramer praises the strategy of selling shares incrementally to capitalize on gains.
  • “I would buy that one share back and never ever say that that's not a lot of stock." [09:35]

• Palantir and Other Stock Tips:

  • During the Lightning Round, Cramer provides insights on various stocks, emphasizing the unique positioning of Palantir in the AI and defense sectors.
  • “Palantir is the first company to truly figure out artificial intelligence and how to make our nation and its companies stronger." [39:05]

Key Insights:

• Cramer's stock advice often hinges on macroeconomic factors, such as trade policies, and company-specific strategies, like Boeing's incremental sales approach.
• Emphasis on understanding broader market trends and company fundamentals before making investment decisions.

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3. In-Depth Interview: Scott Boatwright on Chipotle

Cramer's conversation with Scott Boatwright, CEO of Chipotle, provides an inside look into the company's impressive growth and strategic initiatives.

• Financial Performance and Growth:

  • “The year we put together, you know what is a 7.4% comp driven heavily by transaction growth of about 5.3%." [13:54]
  • Boatwright highlights Chipotle's robust financial health, marked by significant revenue growth and successful store expansions.

• Expansion Strategy:

  • “We opened up 304 restaurants this past year, which is a record number for our brand." [15:04]
  • Discusses the aggressive plan to open between 315 and 345 new restaurants in North America in the upcoming year, backed by strategic site selection and efficient staffing practices.

• Innovations in Staffing:

  • “Our AI assistant Ava Kado... allows us to bring in new team members and onboard them in about 75% less time." [17:10]
  • Boatwright explains the integration of AI in recruitment, enhancing the quality and speed of hiring processes.

• Supply Chain Resilience:

  • “Only about 50% of our avocados are sourced from Mexico." [18:08]
  • Emphasizes diversification in sourcing to mitigate the impact of tariffs and supply chain disruptions.

• Product Innovations:

  • “We have some year over year incremental spend... Honey Chicken which will be on menus here in the near future." [20:18]
  • Previews new product launches aimed at maintaining high customer engagement and consistent sales growth.

Key Insights:

• Chipotle's strategic use of AI enhances operational efficiency, supporting rapid expansion and maintaining high service quality.
• Diversified supply chains and continuous product innovation position Chipotle for sustained growth despite external economic pressures.

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4. In-Depth Interview: Ynon Kreiz on Mattel

In his discussion with Ynon Kreiz, CEO of Mattel, Cramer explores the company's strong financial performance and future growth strategies.

• Financial Achievements:

  • “2024 was a year of strong operational excellence with top line growth in the fourth quarter." [29:33]
  • Kreiz details Mattel's exceptional earnings, debt reduction, and substantial share repurchases aimed at boosting shareholder value.

• Share Repurchase Strategy:

  • “$400 million of share repurchase in 2024, another $600 million of share repurchase targeted in 2025." [35:23]
  • Highlights Mattel's commitment to returning value to shareholders through aggressive buyback programs, reflecting confidence in the company's undervalued stock.

• Entertainment and Product Development:

  • “We have great momentum in our entertainment strategy... Masters of the Universe and Matchbox currently in production." [32:51]
  • Discusses ongoing and upcoming projects that expand Mattel's brand presence across multimedia and entertainment platforms.

• Tariff Mitigation:

  • “We've done a really good job strengthening our supply chain... generating savings and diversified across seven different countries." [31:40]
  • Kreiz explains how Mattel navigates international tariffs through supply chain diversification and strategic pricing adjustments.

Key Insights:

• Mattel's robust financial management, including debt reduction and share repurchases, underscores its strong market position.
• Expansion into entertainment and diversified supply chains enhances Mattel's brand resilience and growth potential amidst global economic challenges.

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5. Lightning Round Highlights: Palantir and More

The Lightning Round segment is a high-energy conclusion to the episode, featuring rapid-fire stock recommendations and in-depth analysis of standout companies.

• Palantir's Stellar Performance:

  • “Palantir's revenue growth accelerated for the sixth quarter in a row... It's the best performing the S&P 500 last year by a mile." [37:01]
  • Cramer lauds Palantir's innovative use of AI in transforming businesses and defense operations, positioning it as a market leader with substantial upside potential.

• Rule of 40 and Valuation:

  • “They may have to redo the rule because when you do twice the rule, maybe the rule isn't fair to other companies." [39:52]
  • Discusses Palantir's exceptional performance metrics, surpassing traditional valuation standards and highlighting its unique market positioning.

• Market Reactions and Short Squeezes:

  • “This is one Gamestop with a brain." [39:52]
  • Analyzes the factors driving Palantir's stock surge, including retail investor enthusiasm and short seller capitulation.

• Broader Stock Insights:

  • Cramer provides quick takes on other stocks like FedEx, Boeing, Mattel, and emerging opportunities, emphasizing the importance of strategic investment timing and understanding company fundamentals.

Key Insights:

• Palantir exemplifies the transformative power of AI in business and defense, making it a compelling investment despite high valuations.
• Understanding market dynamics, such as short squeezes and retail investor behavior, can reveal lucrative investment opportunities.

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Conclusion Jim Cramer's February 5, 2025 episode of "Mad Money" offers a comprehensive analysis of current economic policies, strategic business growth, and high-potential investment opportunities. From dissecting the impacts of presidential tariffs to celebrating the advancements of companies like Chipotle, Mattel, and Palantir, Cramer provides listeners with actionable insights and strategic advice. The episode reinforces Cramer's commitment to educating investors, ensuring they are well-equipped to navigate the ever-evolving landscape of Wall Street.

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Notable Quotes:

• “People on Wall street, you better start taking the President of the United States more seriously or else you're going to keep losing money." [01:17]
• “Benefit over price. That's what I've been searching for the right terms." [19:52]
• “Palantir is the first company to truly figure out artificial intelligence and how to make our nation and its companies stronger." [33:20]
• “This is one Gamestop with a brain." [39:52]

Transcript

[Jim Cramer]

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[Jim Cramer]

My mission is simple. To make you money. I'm here to level the playing field for all investors. There's always a mo market somewhere and I promise to help you find it. Mad Money starts now. Hey, I'm Kramer. Welcome to Man Money. Welcome to Kramerica. I was boot my friends. I'm just trying to make a little money. My job is not to entertain, but to educate, to teach you. So call me at 1-800-where-3CBC tweet Mitch McRamer look, people on Wall street, you better start taking the President of the United States more seriously or else you're going to keep losing money. Look, you don't have to like, but I'm begging you, listen to his words. Yep, on a day where we do gain 130 points, SB climb 0.72%. Nasdaq shot up 1.35%. We need to think about what's happened already in this week. Now, on Friday after the close, the President announced substantive tariffs on Canada and Mexico, 25%. But he sentenced China to just 10%. Fear struck the hearts of many on this famous boulevard. That's because nothing this man does seems to be idle. He wanted a deal with Mexico that helped him make good on a campaign promise to stop illegal immigration. Illegal fentanyl imports. He got it. Mexico's president, Claudia Schibaum, must now scramble to appease Trump. Maybe something that allows us to work more closely with Mexico, maybe even in Mexico to stop the illegal immigration. Or maybe just a flat tariff that's lower than 25%. In the end, shine bombs Playing ball. So we'll probably get some kind of deal. Canada. We still can't figure out about what that thing's about other than hitting them up for money. They sell us 4 million barrels of oil per day and they got no other market for their crude. Now sometimes just get had. The Canadians just got had. This is basically a mugging. I hope they can come up with something that amounts to better deal than they're getting on their oil in the next month. But who knows? China. Okay, China. When I say that Wall street better start taking the President more seriously, I meant that he gave China a terrific deal. A much lower tariff than our friends in Canada. I heard all day that the Chinese are going tit for tat, but that is complete nonsense and lunacy and idiocy. They put PVA on something called the unreliable entity list. Perhaps because PVH made the President's ties. When you sell on the Macy's aluminum made the list. No sweat. The Chinese have dropped off the face of the earth when it comes to buying our fancy medical equipment. Deer tractors. Having tried to buy a deer tractor overseas, I can tell you they're very expensive. And a Tafford is making even more expensive coal. Plenty of markets for coal. Liquefied natural gas. People are begging for that. Some minerals that it's already has a tight lease on. Who cares? Now if Wall street took Trump seriously, they know that China played softball with its retaliation, just like Trump played softball with that 10% tariff. I point out all this stuff because we had pure hysteria on Sunday night and today we had glee as it is dawning on people that the President's negotiating. Sure, there are hardliners in the White House who want to hammer the Chinese, but they lost. The President wants to make a deal that generated some money for the treasury and offers our businesses a chance to do well in China. Now that should have been self evident to anyone who follows the Chinese stock market and the ones that trade here. They rallied furiously. Baidu, pd, Alibaba, so many others. That's a sure sign that at least in China, they recognize that Trump wants to do business. That's more than we seem to know here. Trump says he's in a hurry to talk to China. Now, that means the Chinese better be in a hurry to talk to him. Chinese take him very seriously. I personally am a hard line on this China issue. I think that the Chinese Communist Party is either unwilling or or unable to stop intellectual property theft or stop appropriating our technology for their military. Even if their leadership wants to Play ball. They've made a killing from these unfair trade practices, so why would they stop? I know Palantir stock was up huge today. On his conference call, a Palantir exec said that we are at war with China and we just don't know it. No kidding. Don't we all have to presume that our phones and computers are hacked? We have to presume that TikTok has brainwashed our kids. This is not a government that can be trusted. But perhaps President Trump recognizes that China is going to do all this stuff anyway, so our country might as well cash in on him. Maybe he finds a price they must pay for their intransigence. I get the sense that if they don't play ball, that tariffs go much higher. That's leverage he got. He could use it. Of course, it's not just tariffs. Yesterday the President said we're going to have a sovereign wealth fund like the Saudis. I heard a lot of snickering about that, but a lot of disparagement, a lot of laughs. Come on. To which I say, what is Wall street thinking here? I heard universal condemnation of a bunch of the President's candidates for this cabinet. Yet the Senate Republicans all caved. They're scared to death of the guy there. Are all of these organizations suing to block things. Have they looked at the makeup of the Supreme Court, for heaven's sake? Look, you don't have to like Trump, but you got to recognize that Congress won't stop him. And aside from some explicitly unconstitutional executive orders, of course, won't stop me either. So I think the sovereign wealth fund passes muster. The President can issue 500 billion in 50 year bonds. I sell them as MAGB's Make America Great bonds and start to buy things. If he wants to buy TikTok, you get control of TikTok. Today I asked Dr. Albert Borlace of Pfizer whether he'd sell the COVID vaccine to the sovereign wealth fund. Now, you're going to see his answer later in the show. But let's just say I fully expect this fund will buy things that we can't even dream could be purchased. Maybe Trump forces the Panama Canal to sell back and sell the canal. You know, Panama. Here's your deal. Maybe they make him deal. Can't refuse. Greenland. Greenland. Maybe we buy Greenland with this thing. Here's one. Taiwan semi. You buy a stake in Taiwan semi. And then the Chinese know that they can't go against Taiwan semi, because if they do, they go against us. It'll be a Kitty. And we should expect it to be a staple, this administration. Now, I know that the president said on Friday that he doesn't care what the stock market says about his tariffs. But that's not because he's oblivious to the market like his predecessor was. It's because the sellers don't get the plan. They are the oblivious ones. They don't get that he's trying to do something that will ultimately end up being really good for the stock market. And that's how the stock market could rally today. That's how it could recover yesterday. Now, there's one another wildcard out there can't be discounted. Last night, a terrific company reported Palantir. I'll talk about that later in the show. Elon Musk, Doge is the catalyst to identify wasteful government spending. Palantir, working closely with Musk, will attack that waste first in defense and then I'm betting in Medicare. I am also betting that Palantir will take it upon itself to make broad changes. And it's not going to have to answer anyone save Trump, including the legal system. The Pentagon will holler and protest, do a lot of crime, be real angry. But who are they going to appeal to? No one. They can't. Certainly they can't go to their frightening former allies in Congress and Medicare. Lord knows what Palantir is going to find there. Now, I want to be clear about this. I actually prefer a system of checks and balances. I like the Constitution, the Founding Fathers, they hit it out of the ballpark with that one. But the bottom line, I saw Hamill on Broadway, saw Jefferson on the nickel. But right now, I see Trump everywhere. He's got Congress, he's got the Supreme Court. He doesn't need to worry about checks and balances, at least for another couple of years. I'm going to Richard, New York. Richard.

[Caller 1]

Mr. Kramer, love, love your show and all that you do for us.

[Jim Cramer]

Thank you, partner. What's up?

[Caller 1]

Been a fan, a frequent listener for over a decade. So I've done very well. Thank you kindly.

[Jim Cramer]

You're great, man. You're great.

[Caller 1]

Thank you. Thank you very much.

[Jim Cramer]

Anyway, I'm calling today about a stock.

[Caller 1]

That I carried through the last year, I carried for a couple of years, and I sold it just before earnings. And then I have a balance that's not going nowhere this year and the end of last year. It's FedEx.

[Jim Cramer]

I don't know if I should buy more. The problem with FedEx is if you're going to be involved in the trade war. FedEx is going to be caught up in that trade war. And I like it a lot more than ups and I think it's incredibly well run. But I'm just telling you that you don't buy the trans in. You don't buy the transports in a trade war. You got to wait for FedEx to come down a little. Now it is selling at 13 times earnings. If it gets 1112, you just have to pull the trigger. I want to go to Gary in Nevada. Gary.

[Caller 1]

Hello, Jim Cramer. This is Gary Crawford from the special effects that likes your special effects found.

[Jim Cramer]

Thank you, Mr. Crawford. Thank you.

[Caller 1]

So my question is in reference to Boeing. I've been following your advice and taking a little bit off the top. Everything time I make a little profit and it's really helped me go get advances every day. So in the process, Boeing was up yesterday and I was able to sell one share, which doesn't sound like a lot.

[Jim Cramer]

No, it doesn't. It is a lot. It is a lot, sir. If I could get everybody to buy one share of a really good stock, I've won. I have won. But I will tell you this. I would not be a seller Boeing anymore. I think they really gotten together and I would if it dipped. I buy that one share back and never ever say that that's not a lot of stock. When I in 1984, I was told to buy one share of Berkshire Hathaway. Did I do it? No. It would have made $200,000 from $2,000. So one share mouse a great deal. I'm going to Pete, New York. Pete. Pete. Hey, how about Pete, New York. Petey. Petey. That's. That's a reference to a movie, Pete. Well, I'm kind of out there, man. I'm out there on the Pete issue. You know what? We're going to have to wrap it up and like Petey. I mean, I'll just say that one for the movie. I think it's time everyone starts taking Trump a little more seriously, at least when it comes to the stock market because I think you're starting to miss out on a lot of money. Well, man, tonight I got Petey. I've got a triple header of post earnings exclusives. First, how can the latest tariffs affect the price of your chips and guac? Wow. Chips and guac. And I'm not talking Pepsi. I'm speaking with the CEO of Chipotle. Then Pfizer finished the day lower following it's before the bell report. I'm going to. You know what? I'm hearing how RFK Jr. Could affect the pharma stock if he joins Trump's cabinet later. Is Mattel positioned for growth in its 80th anniversary? What are they doing with the tariff? Hey, maybe they're going to raise the price of Barbie. Stay with Kramer.

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[Jim Cramer]

First to make of these numbers from Chipotle. It's long time Kramer Fave turning okay set of results after the close, they only beat earnings expectations by a penny up and the same store sales were up 5.4%. Some are looking for 5.7%. So we got to ask, is this a blip? Does it really matter? Are they starting to struggle? Are things really terrific? It's such a strange moment that but we know this. They have a great track record of generating positive transaction growth without having to cut prices because it's regarded as being such a good store. So let's take a closer look with Scott Boatwright. He's the new CEO Folio, though not that new anymore welcome back to Money.

[Scott Boatwright]

Hi, Jim. Thanks for having us on this afternoon. Eager to talk about the quarter. More importantly, talk about what an incredible year we had here at Chipotle.

[Jim Cramer]

Well, I think that we all are expecting greatness and then we get greatness and sometimes it's difficult for you. And a student who continues to get A's is not as interesting as a D student who's getting B pluses. Why don't you tell me about the A report card you just, you just had.

[Scott Boatwright]

Yeah, thanks, Jim. You know, the year we put together, you know what is a 7.4% comp driven heavily by transaction growth of about 5.3%. What this team accomplished this past year is nothing short of remarkable. A lot of credit goes out to the 130,000 team members out in our restaurants are really the backbone of this great organization. And this leadership team really drive diving into the strategies that were critical to the success of the outcome of the year. The quarter shaped up nicely at 5.4%. Feeling good about our performance there. Again, heavily driven by transaction growth and feel really good about the plans we have set for 2025.

[Jim Cramer]

Well, why don't we talk about what the pace of opening is? Because you've given us a Runway of a huge number of stores and you also give us a plan of average unifying of 4 million, which would be about the best I've ever seen. So what's going to be the roadmap?

[Scott Boatwright]

Yeah, Jim. So we opened up 304 restaurants this past year, which is a record number for our brand. This year we'll open up between 315 and 345 new restaurants across North America, which is an aggressive growth number. But this team has demonstrated year after year we're able to support the additional growth year after year. And we do it in a really meaningful way with our restaurants opening up, performing at an extraordinarily high level. And you know, the returns have just been incredible. New restaurants in the 60, 70% range year to ROI is pretty impressive.

[Jim Cramer]

Now do you have enough people to man all these new stores? Do you have the, the great real estate including Chipotle's and do you have the workers to be able to build these stories? Stores?

[Scott Boatwright]

Yeah, It's a great question, Jim. I'll start with the construction component. Our real estate team continues to find extraordinary sites, whether that's in densely populated urban areas or some of the small town strategies that we employed a couple of years ago. Continue to pay huge dividends. As you know, site selection is critical to the growth strategy for the brand. We lean into what we call site development requests and we leverage those to understand how many restaurants are possible for the upcoming year. And we continue to outpace the goal there every year as well. Jim, as it relates to on the people side, we leaned into a hiring assistant by Paradox about six months ago that has put us on better footing from a staffing perspective than we've been in the eight years I've been in the organization, pushing past numbers we thought were all time highs just last year. And that AI assistant, what it does for us, Jim, is it allows us to bring in new team members and onboard them in about 75% less time than the old traditional format, which is leading us to better quality hires and getting high quality great people in the organization much quicker.

[Jim Cramer]

I was going to ask you about this point. 2%, whether it should matter. Blah. I am fast headed by what you just said. Did you build this? I mean, who's. What's it based on? Because this is the kind of thing that I've been waiting for some company to say to me.

[Scott Boatwright]

Yeah. So we leveraged a partnership through Paradox. We brought them in. We talked about creating a bespoke experience for the Chipotle system. We worked in partnership when we launched a product that I'm really proud of. Now we have dubbed our AI assistant Ava Kado and she engages with applicants immediately when they apply through our digital systems. And she walks them through the necessary questions and then schedules the interview for the general manager. The GM shows up at a set time per week, but scheduled interviews ready to go of candidates that are, that are goal oriented, values oriented and aligned with our purpose of cultivating a better world. And away we go.

[Jim Cramer]

Well, there's avocado, then there's actual avocado. And we're watching what's going on in Mexico very closely. There's just such a limited number of places to get avocado. How are you feeling about the tariffs and is there another source that I'm not thinking of besides Mexico?

[Scott Boatwright]

Yeah, that question is top of mind for a lot of people, as you can imagine. Jim, here's what I'll tell you is our supply chain team has done a remarkable job over the past couple of years with vendor diversification across all ingredients, specifically avocado. We've moved into other countries of origin like Peru, Dominican Republic as well as Colombia, and Today only about 50% of our avocados are sourced from Mexico.

[Jim Cramer]

Oh, okay. That's very important. I don't think most people know that that is A terrific fact. Now let me also understand you do say something in your. Your notes about generous portions and you talk about how primary that because of higher usage of ingredients we focus on ensuring consistent general portions. That that has maybe kind of hurt your sgna a little bit. But it does make the point that anyone who thinks that you're not doing big portions should just go. I mean it's obviously as we all know is because we all eat there. But you really solved that problem. Remember that was like some sort of weird thing that went on in social media. You put that to rest. Correct?

[Scott Boatwright]

We did, Jim. It was a real challenge for us back at the boat in the front part of last year. And so we put a core emphasis on it because we really understand fully that's a core equity of our brand. And we think about value at Chipotle as benefit over price. And we fully understand that value for the consumer at Chipotle is grounded in high quality ingredients in abundance, variety and speed at a price point that's still heavily discounted compared to our peer groups within the segment. And so portioning is a critical moment for us and we'll continue to lean into it and give the consumer adequate portions whether in the digital system or in restaurants.

[Jim Cramer]

Benefit over price. That's what I've been searching for the right terms. I've been saying premium at a good price but it's really benefit. That's terrific. And that's how you guys decided, right? I mean it really is just a question of you. You offer a value at a price but it is been miraculous and you think it continues with with your limited time offerings and the things that you have planned for this year.

[Scott Boatwright]

We do. We have a couple of LTOs teed up on the calendar. The marketing calendar this year is just extraordinary. We have some year over year incremental spend as you can imagine going into next year's plan. I'm sorry, this year's plan. Feel really good about the marketing strategy. The LTOs I know you've heard about Chipotle Honey Chicken which will be on menus here in the near future. We're super excited about this product is one of the highest performing LTOs and tasks to date that we've seen at Chipotle as it relates to consumer incidents and consumer.

[Jim Cramer]

When we see that nationwide, you know.

[Scott Boatwright]

Jim, I can't tell you the specific date. I can just nod and wink and tell you it'll be on menu.

[Jim Cramer]

Well, I think you're going to nod, wink and give me a much better same store sales when that comes out because we're all waiting for it. 1 thanks. Scott Boatwright Chipotle CEO CMG hey Scott, thank you. And thank you for explaining that avocado issue. I think that really was a very big issue for many people and now it's not so great that you told us.

[Scott Boatwright]

Thank you Jim.

[Jim Cramer]

Excellent. Ned might be back here for the break.

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[Jim Cramer]

Why can't Pfizer get any love? I mean this morning the big pharma colossus put I thought was a pretty darn good quarter. Pfizer delivered substantial sales and earnings beat management also reiterating their full year 2025 forecast which originally issued in December. But after opening higher this morning, which I thought was right, the stock reversed and finished the day down over 1% positive because they've got a big vaccine business. It's look like the famous vaccine skeptic RFK Jr will get approved as Health and Human Services Secretary. You know what? Look, it didn't help that Merck offered terrible guidance this morning dragging down the entire large cap pharma cohort. Even though it shouldn't have hurt Pfizer. Pfizer reported great numbers. We can't lose sight of that. Earlier today I got a chance to sit down with Dr. Albert Borla, the chairman CEO of Pfizer. Take a look at this. Welcome back to Mad Money.

[Dr. Albert Bourla]

Thank you very much. Very good to see you again.

[Jim Cramer]

I've got to tell you, you were incredibly forthcoming when I heard you speak at the J.P. morgan Healthier Conference. You started out by Saying that you were dissatisfied and disappointed in how the company done. But now you seem like that you're in much more optimistic mood. So why are you more optimistic than what you Talked about for 2023 rate?

[Dr. Albert Bourla]

Because in 2023 we made a mistake with the COVID forecast and that we paid dearly. But you know, the difference when you fall is not how many times you fall. It is if you can rise again. And I think this is what we tried to do. We developed a plan and to execute this plan meticulously well. And the Q1 we beat earnings and revenues. Q2 we beat earnings, revenues and raised. They raised the expectations. Q3 we beat and raised Q4 we beat and race. So it's I'm very, very happy with what we were able to achieve.

[Jim Cramer]

I also see that you have seven pivotal study starts and eight key phase three readouts that all could be significant for shareholders.

[Dr. Albert Bourla]

Absolutely. And they are some of the very, very big products. Some are coming from seeds and there are two I will mention. One, it is for lung cancer that already started in face in phase three studies in second line. Now we started yesterday also with breast cancer in the first line. The seeds and ADC it is in the in first line cancer as well. And we have many other that we are trying to bring very quickly to pivotal studies.

[Jim Cramer]

And yesterday Bruff Toby, this is first line metastatic colorectal cancer. Is it obviously very big break this with the fives you just had.

[Dr. Albert Bourla]

That is an amazing data set that we have seen. We haven't disclosed the details because you are expecting to disclose them in a scientific conference. But it is stunning the improvement that we have seen in colorectal concept, which is very difficult.

[Jim Cramer]

Now I know that you are being very prudent in your delevering. I want that obviously what Cgen, you don't want to have a lot of debt, but given where your stock is, isn't it time just to say, you know what? We are going to one time just walk away from paying down debt which we're in good shape and and just go in and buy a ton of stock. Because the stock seems too cheap to me.

[Dr. Albert Bourla]

Dr. Borrower the stock, it is very cheap and it is a bargain with a dividend. And there is a lot of upside for appreciation of the equity. We have delivered very well right now. Our cash positions have improved dramatically in 2024 and we were able to have also cash conversion rates way more accelerated. We achieved way higher of our expectations cash positions and right now we have paid almost 8 billion of debt while investing 20 billion in 11 billion in R&D while returning 9 and a half to shareholders with dividend. Right now we can do both. We can do bidi and we can do service buyback if we want. Right now we are focusing probably on going back to business development where we can create, I think, higher shareholder value, but we can do both.

[Jim Cramer]

Fair enough. Now, you know, one that's near to me did not have to take it today, Neurotech. It looks like it's finally developing into the blockbuster that I always hoped it could be.

[Dr. Albert Bourla]

This is for migraine and it is doing extremely well. And it is what we had said that will do and is exceeding our expectations and the Street's expectations as the season acquisition also is exceeding expectations. So we are, we are very happy with the performance of these assets.

[Jim Cramer]

Okay. Well, then I come back and say, obviously I am perturbed about where the stock is. There were two questions about the potential of Robert F. Kennedy Jr. It looks like it's going to happen, becoming HHS. And one of the questions was a very tough one which said that what happens if he removes liability protection and you've got some incredible vaccines? If he removes liability protection for these, I don't know how you can afford to keep making them.

[Dr. Albert Bourla]

Look, RFK had said several things in the past and he tempered his positions, I think, during the Senate hearing. And it's not a surprise to me that he's elected. I met with him several times, actually. The first time President Trump introduces and we had these discussions. I don't think he intends to do any of these things. And the most important it is because on liabilities, this is something that the Senate is a legislation. You cannot change it with just the decision of the administration. You need the Senate to vote a new law. But I don't think that issues over there.

[Jim Cramer]

Okay. Well, I mean, doctor, he did say he did at one point have a financial interest in litigation against Merck for Gardasil. That's a very, let's say, opportunistic position for something that I think you and I would say is a pretty darn good vaccine.

[Dr. Albert Bourla]

It is pretty good dumb vaccine. I agree.

[Jim Cramer]

Okay. Now, do you see any possibility that I'm going to just throw it out there? You always, you made a great Covid drug. The president's developing a sovereign wealth fund. This Covid drug was remarkable. Everybody benefited from it. Would you ever say to the president, you know what, maybe you should buy our, our COVID vaccine?

[Dr. Albert Bourla]

I don't think that I want to sell It, I think it is a great asset, I think is related with our legacy. And by the way, the President is very proud for the development of this vaccine because it was developed during his term and it was developed during the operational wars.

[Jim Cramer]

Well, I got to tell you, I am mystified. I think it was an excellent quarter. I think you're doing everything you promised and more and that's why you buy a stock. So I want to thank Dr. Albert Bourla, who's chairman and CEO of Pfizer. Sir, I'm glad to have you on post the disappointing period that you yourself admitted.

[Dr. Albert Bourla]

Thank you very much.

[Jim Cramer]

Great to see you sideways for a while. Can Mattel finally get its stock moving again after a close in the big toy back reported terrific quarter. This was a small revenue beat paired with a monumental 15 cent earnings beat off a 20 some basis fueled by strength in toy cars, action figures, games. On top of that, management gave an optimus gallop for 2025, something I find very compelling because they just delivered their best annual earnings per share result since 2013. Mattel has slowly been improving itself over the years, paying down debt, buying a big slug of stock this quarter, growing its cash flow, and at last I think they're going to get some credit for it. I think it's insane. This stock sells for just over 10 times the midpoint of its 2025 earnings fit forecast. That makes no sense to me. But don't take it from me. Let's talk to, you know, he's the chairman CEO of Patel. Get a better in the quarter. What comes next? Mr. Krause, dynamite quarter. How's it doing?

[Ynon Kreiz]

Hi, Jim. Yeah, great to see you again. 2024 was a year of strong operational excellence with top line growth in the fourth quarter. Our priorities for the year were to grow profitability, expand gross margin and generate strong free cash flow. And we did exactly that, achieving all three objectives well ahead of expectations. We also grew our cash balance to $1.4 billion after repurchasing $400 million of shares. And we just announced another $600 million of share repurchases which we are targeting for this year. Looking into 2025, we plan to grow both top and bottom line. And this includes the tariffs that have just been announced.

[Jim Cramer]

All right, so let's go over the tariffs for a second. I had thought that given where you make things that this could really bang you, but I barely even saw, I mean, maybe, tell me, but I barely even saw any difference. Even after the tariffs. How are you able to do that.

[Ynon Kreiz]

Well, our guidance includes the anticipated impact of the new US Tariffs on China, Mexico and Canada based on what we know as of today.

[Jim Cramer]

Right.

[Ynon Kreiz]

As well as the mitigating actions we plan to take, including leveraging the strength of our supply chain and potential pricing. And, you know, we've done a really good job strengthening our supply chain over the course of the year since 2018, creating a very well diversified and balanced supply chain, generating savings and diversified across seven different countries where we make our progress.

[Jim Cramer]

Okay, now I am curious. You've got yet a couple of good movies in this one. We had Wicked, we have Moana. But you've got Masters of the Universe coming up. Hot Wheels, who knows? But it looks like you're going to have what you first told me you would have, which is that there's going to be something after something after something. There's not going to be just one and then nothing for a long time. Can you keep this up for a long time? Every, every, every other quarter, say, do something big.

[Ynon Kreiz]

Yeah. We have great momentum in our entertainment strategy. We currently have two movies in production, Masters of the Universe and Matchbox currently in production. And this is not including the 14 other movies we are developing right now with major studios that we already announced and more to come about Glendale.

[Jim Cramer]

When are we going to be able to go to a theme park?

[Ynon Kreiz]

This is also progressing well. It's launching this year. It's slightly delayed because the project is now larger and more ambitious. But the. The goal is to continue to expand our entertainment offering in addition to the great progress we're making within the toy aisle. Well, this is really about leveraging the strength of our brands across different categories, especially mobile games, which is another big important ambition for us.

[Jim Cramer]

In discouraged about this because you haven't invited us.

[Ynon Kreiz]

When we're a gym, you know, you would be invited.

[Jim Cramer]

That's what I want to hear.

[Ynon Kreiz]

Ghana. Yeah.

[Jim Cramer]

Now I have in my hand something very exciting. You know, a lot of people love Uno. I mean, it's incredible. I have Uno Elite and I've got an Eagle and I've got. I've got. Well, I think I've got Hertz and I've got Kelsey. How well is this selling? Because I see something like this. It is just so cool. I'm holding it up and I have to believe that this stuff is hard to keep in stores.

[Ynon Kreiz]

You know, Uno achieved its highest year on record and the best quarter ever. It's the number one in the game super category overall. And it's really driven by so much innovation. I know you love uno, but it really is so it speaks to culture, it resonates across the world with so many fans. And this is only growing and getting stronger and expect more innovation and cultural relevance from uno.

[Jim Cramer]

Now. There is an oddity to it. I mean, there actually are a lot of athletes who play, you know, I mean, when you're in a locker room or you're on. On a field, I've been there. Uno, which seems to has captivated a lot of interest of actually professional athletes. Is that just me looking at it anecdotally or is it true?

[Ynon Kreiz]

No, you're absolutely right. There's a whole subculture of fans that love UNO and have their own iteration of the game. And this is what is so unique and special about this brand because it speaks to culture, it's current, it's relevant. And this is what we do so well as a company in terms of infusing brand purpose and cultural relevance and taking brands that are timeless and making them timely and connecting with fans at an emotional level all over the world.

[Jim Cramer]

I want people to understand that when you report that last quarter you thought it was really good. You told me you're going to start buying back a lot of stock and you did just that. And you got more firepower. You said, listen, we're not going to get any sort of reaction or encouragement from the crowd. We'll just buy it ourselves. You bought a ton of stock, didn't you?

[Ynon Kreiz]

That's right. $400 million of share repurchase in 2024, another $600 million of share repurchase targeted in 2025. And with that between these two two years will fully utilize a total of $1 billion of authorized share repurchases again just inside two years. So we believe the stock is undervalued and we're putting our money where the market is in terms of buying our own stock at what we believe is an undervalued price. And of course, we will continue to grow the business, invest where we see organic opportunities. But given the amount of cash that we have, we also using some of it to buy back shares.

[Jim Cramer]

All right, well, look, I'm going to see in Glendale and congratulations on just doing everything that you said you would do. And more in on cries as the Chairman CEO of Mattel. I'm so happy for you. It's really terrific.

[Ynon Kreiz]

Thank you.

[Jim Cramer]

Absolutely. Man. Buddy's back here after the break.

[EY]

It is time.

[Jim Cramer]

It's time for the White Rail quick adventure Raffles. You know, it sounds just being clear, my staff prepares to go over to you. Play this out and then the lightning round is over. Are you ready? Ski dag W, Light round, crazy roundup. Let's start with. Hey, why don't we start with Ian and Porter? Ian, hey. Booyah.

[Caller 1]

Jim, how you doing?

[Jim Cramer]

I am doing well. Ian, how you doing?

[Caller 1]

I'm doing great, Jim, thank you. I'm a third time caller. Investing club member, of course, very happy.

[Jim Cramer]

Thank you. Oh, man, that's great. Thank you.

[Caller 1]

All right, you do. You guys do a great job.

[Jim Cramer]

Thank you. Jeff, Mark, Zeb, fema. We got a good piece of Google coming up, right? In a moment. What's happening?

[Caller 1]

So, Jim, I got a little. I got what I'm looking at. I'm a little confused about. It's beaten down from its all time highs of I think 509. So it's trading around 270 right now. Good earnings. Most analysts have it like around 300, 350. But their CFO is leaving now too, which kind of threw a wrench into it as well.

[Jim Cramer]

And what stock is this?

[Caller 1]

This is MongoDB.

[Jim Cramer]

Oh yeah, I remember when the CFO, I was on that conference call. It was a bummer, but I will say this, okay, we're cat, you'll be catching it at the right time. I think the analysts are all starting to upgrade the enterprise software again. I think it's worth a stab, I really do. But it's a trade, it's not an investment. Let's go to Nick in Ohio. Nick Kramer.

[Dogtopia]

Love the show.

[Caller 1]

Thank you for taking my time.

[Jim Cramer]

Thank you, buddy. Thank you. I like to thank my friend Air Nan for telling me about. About Mad Money. Jim, you're awesome. Oh, man. Ken stays in the picture. What's up? Yeah, I'm a novice investor starting a portfolio.

[Caller 1]

I'm curious, what are your thoughts on Tempest?

[Jim Cramer]

AI really want to start with Tempest. I would start with Striker. Let's. Let's go a little higher end. I think Stryker's the better one. And if you want AI, then you go with Medtronic. Both are better than the one you picked. No offense to yours, but I'd like like mine work. Let's go to Will in Florida. Will. Jim. Good to hear your voice again. It's been a minute. How are you, sir? I am doing well, thank you for asking. How about you? Not too bad. Obviously crypto is the play digital. Paper is or paper. Digital is obviously a tricky thing. Coinbase, right? Listen, sunshine, just go buy Coin. Just go buy the bitcoin. William, what do we do with the coinbase? We don't want the Coinbase. We want the Bitcoin. Because that could be, by the way, the. We make that special petroleum reserve slash bitcoin reserve. That'll do better than Coinbase. I need to go to Jim in Florida gym. Jimmy, chill.

[Caller 1]

A big study. Naples Portobuya to you.

[Jim Cramer]

And why not? I love Naples. I mean, it's kind of like Naples, you know, I mean, Naples. Yeah, whatever. What's up?

[Caller 1]

First of all, I'd like to thank you, you and your staff for all the years of help you've given me. I can't get. Can't tell you enough how much.

[Jim Cramer]

Thank you. The staff makes me. The staff is like unbelievable. I mean, they're really like a great staff. And like no one. Everyone's been together for like 47 years. It's really incredible. Like, we're like a dynasty. We're like dynasty. What's going on? It's my first pronouncement when I saw it. Oh, Dynasty. Go ahead.

[Caller 1]

My question's on a pharmaceutical company that I got at the spinoff years ago. There's a spin off of Abbott's and they made $20 billion in acquisitions in 2024. You always taught me with Bristol Myers, a dividend is important. This company, AbbVie, has been in my.

[Jim Cramer]

Portfolio is just a gem. And they really start do well when they botox from people who are taking gop just ones they bought a company that with something it failed and no one even cared or when it had to do with a brain work. Abby is a winner. I can't believe the stock dropped so much. I think Abbvie is a buy. I'm watching some of my staff walk by right now. They're like catching my eye. I don't know how it's done. It's an amazing thing. Okay, let's go to Jake in New York. Jake. Happy Tuesday, Jim.

[Caller 1]

Booyah.

[Jim Cramer]

Yeah, Tuesday is just a really fabulous day. Thank you for even reminding me. Yeah, thank you for that.

[Caller 1]

Congrats on the birth too. Congrats.

[Jim Cramer]

Well, we got to go all the way. I was telling that to Howie Roseman today. We got we're not done how he says we're not done. That's what he always tells me. We're not done. So we're not done. Okay. That's right too.

[Caller 1]

And I know you're not a big 50 times sales kind of guy, so.

[Jim Cramer]

No, it's not my thing. It's not my thing.

[Caller 1]

So no sound town, but what about crmc?

[Jim Cramer]

Sarens now Sarens Actually has some game. They have that good partnership. Let's go with SARS is POI. I'll tell you why. Because it's down huge from 2017 down to 12. I think you got a real interesting level. Let's pull the trigger. I'm not done. I'm gonna go to Irwin in New York. Irwin.

[Caller 1]

Hey. Hi, Jim. How are you? It's been a while. How you feeling?

[Jim Cramer]

Yeah, it's been too long. Erwin, what's going on?

[Caller 1]

My son met you in a barbershop a while back. He said you're a very cool guy.

[Jim Cramer]

Was I nice? I'm over there with Eddie. We love Eddie. Eddie's terrific. Eddie should offer a shoeshine business too. I he crush it. I should offer it anyway. Go ahead.

[Caller 1]

I've been watching this stock for a while now. It's been going up, trendy, bucking the trends. Just continually going up for the last almost a year after watching it.

[Jim Cramer]

Whoa. Okay.

[Caller 1]

Now they're going into that. Those diet shots. They already have a strong customer base and I'm hoping. I want your opinion on it. They can name the company hims and hers.

[Jim Cramer]

Okay. Hims and hers. Listen to me and listen to me good. And your son should listen to and you ought to get one and a half on his cut instead of that one buzz cut he does. Here's what happens. This stock is a short squeeze. And as long as people are shorter, it's going to go higher. And the moment it's not, it's going to go lower. That's too hard for me to call. So I'm going to go to Eddie right now and get myself a buzz cut. And it's good to talk to. And that lady jump is the conclusion of the lightning round. This is real important. How much you'd be willing to pay for a company rapidly accelerating revenue growth. That's taking share, taking names. The answer looking at the action in the stock of Palantir, you can pay any price you want because buyers are willing to take this thing to the stratosphere. That's certainly what the stocks say in the today's stunning 24% gain. Now, Palantir was worth $37 billion a year ago. Now it's worth 236 billion. I've never seen anything like this move. This stock was the best performing the s and P500 last year by a mile. What's happening here now Palantir is using artificial intelligence like everybody else. But this time they're using to change how companies do business as soon as work begins, the savings start and they're unbelievably bountiful. That's how their US commercial revenue grew an astounding 64% year over year. 20% linked quarter. Palantir's revenue growth accelerated for the sixth quarter in a row. I know no other company in the world is capable of doing it. As true believer wedbush analyst Dan I said Palantir, quote, is playing chess in an arms race while others are playing checkers, end quote. They're doing it in different ways, a single out ontology, not in the philosophical sense, but in how companies derive meaning from their data. In short, Palantir is a theory in nature. We can't, sometimes we can't really figure out what it does. We just know it does it better than anyone else. Now, Palantir is the brainchild of CEO Alex Karp. Outspoken genius, doesn't suffer fools. Clearly read the biography. Kind of interesting. In fact, he trashes them whenever they block this company from what he sees as its messianic task. Karp's got a gift for showmanship. He starts his comments by saying, welcome to our Palantir revolution, otherwise known as our earnings call. Then Karp backs it up with but accept that kind of bluster with real stuff, real stuff about a How could explain why this stock trades at incredible price price Earnings multiples nearly 200 times this year's earnings estimates. He says the best way to value the company is to judge it the same way we judge normal enterprise software companies. And that's by this thing called the rule of 40. That's where you add the revenue growth rate to the profit margin. You get a number north of 40, you're dealing with good business. Paltry gets you to 81, huh? That's astonishing. As Karp says, quote, they may have to redo the rule because when you do twice the rule, maybe the rule isn't fair to other companies, end quote. Yes, Palantir does a ton of commercial business, but its most poignant work is with the Pentagon. They're trying to reinvent the entire procurement process. Listen to this quote, we believe we are making America more lethal, making our adversaries increasingly afraid of acting against the interests of America, especially Americans. And quote, he goes on to say, quote, and we are proud of our moral stance and we are very long on the US and what's happening and what will happen in the future, end quote. Boy, that's fantastic. Everything about this call is meaningful. Shyam Sanker, another Palantir, one whom I really like and I think actually get along with attacks China as his buyer Fendal. He calls their Belt and Road initiative China's chief foreign policy. Not nothing more than indentured servitude for other countries that agree to sign up for it. I say bravo. Palantir is working closely with those yes, Elon Musk to find ways for the government to become more efficient. Sankar has railed against the concentration of arms merchants saying it's got to change. I think Palitzer working closely with the Pentagon will change it and I'd be very concerned if I worked at General Dynamics, Lockheed Martin, Northrop Grumman. Yes, Musk and Palantir can be that powerful how did stock break out from the universe of equities? A couple of reasons. First, Corp plays the retail crowd. Second, Wall street can't figure out how to value it other than to say it's overvalued. There are numerous sells from research houses on the stock. I think that today had a lot to do with Morgan Stanley capitulating. They upgraded from a sell to a hold. New price target of 95 have been 60. Of course the stocks at 103 and change. Finally, it's heavily shorted and the shorts are now frantically buying back the stock to close out their position and stop the bleeding. I call this one Gamestop with a brain. I believe in this company. I think Palantir is the first company to truly figure out artificial intelligence and how to make our nation and its companies stronger, our war fighters stronger. My highest compliment, even after I predicted a double when the stock was 50. I think you can go higher, maybe even much higher. Yes, Palantir is that special. It is that outstanding. And as long as Wall Street's trying to fight it, I think the stocks like you got a lot more upside. Like there's always more markets summer problems just for you right here. Money. I'm Jim Cramer. See you tomorrow.

[American Express]

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[Dogtopia]

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