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Jim Cramer
Yep. Talk to that camera the whole time. Lights are going to come up, so if you're. If you're a little dark when you're walking through, don't worry about it. All right, Lights up.
Leon Topalian
Right.
Jim Cramer
Good luck. Thank you. Mike. We're about to rock the world. It's incredible. They know nothing. They just talk, man. Money makes big money. You're about to watch a show that no one's ever seen before. One where I put my skills to work for you. I am going to be your coach. This show, every show. I'm going to give you some money making ideas. And best of all, I'm going to tell it in a way that you have never ever heard before.
Sara
Sara.
Jim Cramer
Welcome to a special 20 year anniversary episode of Mad Money. Welcome to Crame America. Other people make friends. I'm just trying to make you a little money. My job is not just entertain, but educate the teaching. So call me at 1-873-CB. Sweet. Tweet me at Jim Cramer. Look, lately we can't go a day without hearing some widespread misperceptions about stock ownership. I got to tell you, I think it's infuriated. Here we are celebrating the 20th anniversary of Mad Money, dedicated to the proposition that you can potentially make lots of money by picking individual stocks. Yet I keep hearing that most Americans don't care about the stock market and direction means nothing. I have to tell you, I think that is completely absurd. So on a day when The Dow gained 300 points SB climb 0.58% NASDAQ advanced 0.55%. Thank you for a nice day for our 20th. Let's talk about stock ownership, because it's the whole reason anyone watches Torn show and it generally matters not just to the rich, but the tens of millions of regular people, home gamers. And never let any politician tell you otherwise. In this morning's New York Times, there was this article about people who voted for Trump and how they felt now that the market's well off its highs. I've listened to this guy, Daniel Vetmat. He said he regretted his decision to vote for Trump because, quote, my 401k keeps dropping. That's bad. Some people don't want to pretend it's bad because a large portion of this country does not have stocks. Most of MAGA doesn't have stocks. They don't care. End quote. I look, I get what Daniel's coming from, but he's wrong about who owns stocks. More than 60% of Americans have some exposure to the market, directly or indirectly. 70 million people have active 401 case. Millions more have retired with them. 60 million people have IRAs. Only 156 million people voted in November. I mean, we're talking half the electorate here. So here's where I stand. When we started this show 20 years ago, we took an odd stance for anyone in this business. First, we were going to try to augment your paycheck. Now, I have been doing it for 25 years before I started the show and it worked every day, including the year of the crash in 1987, the.com bus in 2000. But second, I knew that you needed a champion. You were being taken for granted. So many brokerage houses just didn't seem to care. They didn't think individual investors were worth catering to. For example, my maiden named wife had just had her account handed from a real exec to a machine and a clerk. Why? She wasn't big enough. That's called indignity. She had worked hard selling real estate and had stung at the $100,000 that she had saved up over many, many years. Just wasn't enough to warrant real help from a brokerage firm. I fight for people like her. The cab driver who stopped me last evening. Hey, money man. Who thanked me for making money for the first time ever, I fight for him. The kid outside Rock center yesterday wanted a picture with me because I got him interested by teaching him how the stock market worked. I fight for him. The famous actor last week who apologetically asked me for a selfie because his dad never misses the show. And he's ahead of the pros with his picks. I fight for him too. Well, we're some strange country. We have all these amazing companies that do so many terrific things with stocks that can potentially make you fortunate. Yet neither political party wants to take credit for them. Sure, Trump invites into the White House, but to what avail? To put big tariffs on their goods. Maybe that's more pro business than say, Biden, who shunned CEOs and often bragged about how he owned no stocks back when he was a senator bragging about it. But it amazes me that neither party wants to stand up for you. The investor, the financials cradle of these products, the double and triple leverage ETFs, the zero days to experi options, all junk in order to make fees while fleecing you with no win securities. I watched my friend Brian Sullivan interview Commerce Secretary Ludnick today while in the background Taiwan Semi was building the largest foreign investment project in American history. That project was started by Taiwan Semi 5 years ago with Apple as its largest customer. The Chips and Size act under Biden got this plant rolling and Taiwan Semi commitment has grown much much larger under President Trump. Nvidia makes chips there too. Terrific store. But there's a missing thread. These companies are owned by shareholders like the shareholders who voted for Trump and the shareholders who voted for Harris and the shareholders who voted for Biden before that. These companies want to do what's right by you, the shareholder. But they can't tell what's right if they don't have the clarity of rules of the road. They don't want to be told to build their factories in Mexico only to be then told that they're being tariff by doing it for doing so a few years later. They don't want to help strengthen relations between us and China by building cell phones in the PRC only to find out that they're aiding and abetting the enemy. And now they have to crush their own shareholder owners. They don't want to be told to create dumbed down versions of their chips for China and then be told that they can't even do that, forcing them to take a $5.5 billion charge for something that was supposed to be okay. That's Nvidia. Listen, shareholders are a constituency. We should be considered. It's not just arrogant rich people who own stocks. In fact, the mega rich love to come on the air and tell you the stock market is too dangerous. Stocks are ridiculously tax advantaged. More than just rich people want that in a world where probably no more than 10% of this country can retire on their paycheck savings. Stocks represent a different kind of Social Security. A one sided pack where people try to save and the government dismisses them. Oh, and I don't for one minute believe that all of the CEOs who come on the show are necessarily looking out for you. Some aren't. We don't like them. We have a zest to expose. Now, we don't have subpoena power, but we do have embarrassment power. And we use that for all it's worth. You know, we do it for. We do it for you. It's the Mad Money manifesto. The bottom line. We fight for you and we champion you and we're grateful for every minute you have us on. We thank you for our 20 years without you. We'd be off the air 19 years ago with you. We do our best to help you, to entertain you, to teach you, and yes, to stick up for you in a country where our leaders and many of our people deny that you even exist. Let's speak to Trey in Texas.
Trey
Trey, Jim, congratulations to you and your awesome team. And thank you for giving us retail investors a seat at the table for 20 years.
Jim Cramer
Well, thank you, Trey. And you're terrific to talk to. I'm glad you called in. How can I help?
Trey
Well, Jim, I've been modeling for Abercrombie and Fitch for a few years now, and I gotta tell you, several of the data points I'm seeing in my model suggest anf may be seriously undervalued here. What are your thoughts?
Jim Cramer
You know what? I've got to see what they look like in a tariff world trade because I don't know exactly how much of their stuff is going to have to go up in price. The stock is reflecting a lot of that. But you're, you know, you're right. It's six times earnings. But you and I both know six times earnings means usually that the earnings estimates are too high. But it's 65 bucks, $3.3 billion company. I think you can pick up a little bit. But then wait, let's go to Dave in Illinois.
Trey
Dave, Dr. Kramer, my good mad friend now celebrating 20 years of mad money with Jim Cramer. How are you feeling today, Mr. Energizer Bunny?
Jim Cramer
Dave, I gotta tell you, I'm nervous, I'm tingly. I got a lot of people here, they're counting on me and I'm feeling darn, darn worried that I'm letting them down.
Trey
I hear you ringing the opening bell at the New York Stock Exchange with Regina, Heather, Cliff and Emma to name a few. What a thrill.
Jim Cramer
Well, you know, it was the real deal and we've been tingling about it all day. And I'm so grateful for the network and I'm grateful for people like you, Dave, who just made our show great. How can I help you today?
Trey
Let's get to work. Up roughly roughly 45% so far in the year, this $20 billion market cap company offers a range of products and services. Their identities. They recorded earnings beats in each of the last three quarters. 44 analysts cover this stock, 22 are buy or strong buy recommendations. As the newest member of the S&P 400 mid caps, I'm asking you today about Okta.
Jim Cramer
I think Okta is terrific. It's one of the greatest companies. I'll tell you, anybody who works there has a great time and they have done remarkable things. And Tom McKinnon is terrific and so is cybersecurity anti stocks. This one is a winner. I'm going to give you two for Dave because you're so terrific. CrowdStrike and Palo Alto Networks, they're all terrific. And thank you for the calls, thank you for all the callers all these years. Thank you so much. Our Mad Money manifesto has been the same for 20 years. We champion you, we fight for you and we stick up for you and stick around. At 7 o'clock tonight at the end of the show, it's going to be a walk down memory lane. A documentary about Mad Money or Mad Money. Tonight, from oil rigs to factories, we spent the past two decades bringing Crane America to companies sites across the country. Tonight I'm checking in with one of those hosts, Nucor, after his recent report. Then what stocks have stood the test of time since Mad Money first aired? I'm reviewing the top 10 winners and later Honeywell reported top and bottom line beat. This morning I've got the club holdings top brass to learn more, so stay with Krame.
Mad Money Team
Don't miss a second of Mad Money. Follow imkramer on X. Have a question? Tweet Kramer Madmentions. Send Jim an email to madmoneynbc.com or give us a call at 1-800-743-CNBC. Miss something? Head to madmoney.cnbc.com the $150 billion pet industry is booming as people absolutely love their dogs. If you're looking for a solid investment, Dogtopia is the name to know. With 300 locations across North America, it's the largest, leading and fastest growing pet franchise. Offering a recurring revenue membership model, Dogtopia offers safe open play, dog daycare, boarding and spa services. Want a recession resistant franchise? Check out Dogtopia because every dog and dog parent deserve it. Go to dogtopia.com to learn more.
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Jim Cramer
Let me nail this one. All right, well, let's just put it away. That's Jen. I know Jen. It's all over the cafe. My tender Bruce is a vegetarian. I thought I'd go some other place. Let's get him. So we'll go over the skid pad, I'll do some drifting and then we'll do a burnout. You sure you didn't want to drive? No, no, no. You got. You're in control. I really appreciate that. Say it while I'm. While I'm going up. Yeah. Exactly. One shot. Okay. Ready? Hey, I'm Kramer. Hey, I'm Kramer. Hey, I'm Kramer. Welcome to Mad Money. Welcome to Mad Money. Welcome to Mad Money. Welcome to Cramerica. Welcome to Cramerica. Hello from the city of brotherly love, 140 miles up the coast of Louisiana. Welcome to Dreamforce conference in San Francisco. I'm on a boat. Welcome to Dearborn, Michigan. We're on the Mississippi river in out of new course steel. Louisiana. Mad Money is in the heart of steel country. Mad Money is boots on the ground in the badlands. This is what we'll do, find good ideas to invest in America. Who says we don't make anything anymore? That was a look at all the places this show has visited on the road over the last 20 years. We've got new mad money from Michigan. Car factories, offshore oil rigs and even a direct reduction facility in Louisiana that belonged to our next guest, Nucor. In fact, steelmaker Nucor has joined mad money almost every quarter for our last 20 years. Last it's because I love the company so much I'll just play them hand open. Last night we had a solid quarter from Nucor. Even better match. We gave us some positive commentary. But how they see demand shaping up in the months ahead that doesn't job with the conventional wisdom that claims we're headed for a nasty recession. You know I don't believe that either, but don't take it from me. Let's check in with Leon to pal. He's the chairman, president, CEO of Nucor. Mr. Valiant, welcome back to man buddy.
Leon Topalian
Hey Jim, thanks for having me and congratulations to you and your tire team. 20 years is an incredible milestone and Nucor is glad to be a part of that over the last two decades.
Jim Cramer
Well Leon, we are thrilled to have you and I am also thrilled that you, I hope you understand we recognize you as much as you recognize us because you're such a great American company. Last, I got to tell you I was thrilled about your numbers. To me it says trough, trough, trough. I see everything going your way after, you know, kind of a pretty long downturn. Am I too optimistic?
Leon Topalian
Now look at, we share in that enthusiasm and optimism. As you look at the quarter over quarter improvements as we think about the projections, our backlogs are up 30%. We continue to see strong order entry and again the end drivers for Nucor construction data centers, energy octg in the markets that are yet still emerging all are pointing for very strong signs as we head into the second quarter and the rest of the year. You know it also Jim, one of those data points too, I'll just share with you. As we think about Nucor is the largest structural fabricator in the United States. When you think about the backlog at our nuclear model facility today in our Berkeley beam mill, it is the largest backlog in the history of our company, like ever. And so as you think about that as a bellwether for the rest of the industry, that volume and those tons that sit in that backlog are through fabricators that don't preorder, they don't buy ahead, they book only on the business that's contracted today. So that gives you a really good indication of how strong, like to the tune of hundreds of thousands of tons at that sector of the economy alone. So again, like you, I'm optimistic about our future, but clearly for the rest of the year we see improving signs coming through the economy.
Jim Cramer
I also want to make another point. I think that if we, we didn't have a level playing field, if we had a playing field like you and I have seen periodically, we would not be talking about the great strength of a great American company. We would be talking about how you've been shut out of a lot of situations because other countries wanted those projects.
Leon Topalian
Absolutely, Jim. Look, the last four years we've seen our trading partners in countries take full advantage of the 232 or the TRQs that were put in place. It was long overdue for these to be refurbished, revamped and revised. And that's exactly what we're seeing today in the Trump administration and again, but now with some nuance, not only pivoting where he needed to pivot, but also adding things like derivative products that again, take a much more holistic view in helping the entire vibrancy of the steel industry and ensuring that we have a strong, resilient industry for national defense.
Jim Cramer
You know, I heard someone on air say, you know what, Jim, you support this industry. It actually creates very few jobs. It's not very big. I've been schooled by you and your predecessors that when you look at something like what's going on West Virginia, when you put up a steel mill, it doesn't end. There is actually the force multiplier that our country is desperate for.
Leon Topalian
Actually, Jim, let me tell you about the last five years alone. We've invested 20 billion to grow this company. In that same period of time, we've created 9,000 direct jobs and over 40,000 direct jobs. What do you think that does for the communities where we live and work? What do you think that's going to do in helping partner and transform counties like Mason County, West Virginia or Lexington, North Carolina, Kingman, Arizona, and all the investments that Nucor is involved in across the entire US So we are long term partners in the communities where we live and work. And that investment, man, we're all in. And that's going to be one of the strongest, safest, most profitable mills that Nucor has ever undertaken in West Virginia. So I couldn't be more optimistic. Nucor's best days are still in front of us.
Jim Cramer
And I also want to point out that you can help us with pricing. It's not like you've jacked up pricing because of the tariffs. Pricing is, pricing can go much higher than it is right now.
Leon Topalian
Oh, absolutely. Look, we're in a commodity business. It is the bottom line, man. What, what supply and demand is going to dictate. And so yeah, you're absolutely right. The highs of 20, 21 and 2 and we are way, way below that. So while there is strength in the economy, there's a lot of room left. And again, you've not seen the full earnings, power and potential come through Nucor yet.
Jim Cramer
I think also it's important we've seen these projects get pushed by the government big to big subsidies. They make everything right. People talk about how they streamline everything. You actually pick communities that need you. You do it yourself. What you've done basically is say, you know what, we don't need your help. We have a level playing field. We'll put up factories all over the country. Isn't that what's happening in all these different little towns that you're in?
Leon Topalian
Oh, absolutely. And Again, we're in 40 states across this incredible nation of ours. We have incredible long term relationships and again we live and work in those communities. So we're going to school, church communities, movie theaters. And so those investments again, like those in Mason county and other parts of the US where we're invested, it's a long term relationship. And Nucor is a great community, steward, environmental, steward, sustainability. But again we're giving back as our people are invested there, buying homes there. And again that tax basin community and you think about a $4 billion sheet mill in Mason county that is going to transform that industry in that area.
Jim Cramer
Well, look, I've got to tell you, it's a delight to have you on our 20th. It's pure joy ever since I didn't know, I didn't know you're about your company till 1985, but holy cow, what a what it just a gem. It is. That's Leon to Pallia and he's the chairman, president, CEO of Nucor. This stock is at the right price, believe me. Leon, thank you for coming on the show on this special day.
Leon Topalian
Thanks so much, Jim. Congrats again, man.
Jim Cramer
He's back here for the break.
Mad Money Team
Coming up, the bulls have been running wild ever since, since Mad Money came on the air. But which stocks have performed better than the rest? Kramer is counting down the top 10 names over the last 20 years.
Jim Cramer
Next.
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Jim Cramer
Last night we started going through the £20 best performing stocks since Mad Money first aired way back in March of 2005 because these winners really represent the core thesis of the show that you can make a killing by picking the right stocks, doing the homework and sticking with the great ones. We already covered number 2223 all the way down to 11. And for this 20th anniversary show I want to give you the top 10. To start we've got a trio of health care names. Well actually begin with the 11th best performer because it fell one spot today behind Radnet, which we discussed last night. And that's Replacent R G En. It's a company that makes high value bioprocessing products for life sciences and biopharma customers. This was up 77,800% since we put first went on Air Rapids. Basically an arms dealer to the pharma and biotech space, making critical reagents using all sorts of innovative new treatments like like monoclonal antibodies. This is a stock that rocketed higher during the pandemic and it's now been more than cut in half from its highs in late 2021. Even here is pretty expensive though, selling for about 80 times this year's earnings estimates. So I'm not quite ready to stick my neck out on this one, even if I generally like the arms dealers, the life sciences industries. Rearrange replacements ticker just a bit and you'll get the ninth best stock of the Mad Money Europe Regeneron Pharma. That's up more than 90 400%. Now this one special to me because Regeneron's co founder and CEO Dr. Len Schlifer, he was one of the first guests who ever came on the show. Back in 04-12-2005 the stock was trading at less than five bucks a share. Now it's at $568 and that's after 6.87% beating today present runners arguably the most innovative biopharma companies I've seen the last two decades. But the stocks come in significantly over the past eight months or so, falling more than 50% from its highs. Wall street trying to game the impact of Regeneron's first big patent cliff as they lost protection for their I that's a blockbuster treatment for wet age related macular degeneration. Back when General Report this morning numbers came up a little short because of an IA miss which is why the stock got clobbered today. 8th best performer of the Mad Money era is in Intuitive Surgical isrg, the creator of the minimally invasive Da Vinci robotic surgical system. This is another name that we found early on. I first interviewed someone from the company back in July of 2005 when the stock was trading at a split adjusted price of $5 and change. Since then we've watched this intuitive robotic surgical system has spread across the globe, constantly improving along the way and adding more types of procedures that it can do. Companies now 184 billion dollar behemoth and this stock has given you more than 10,000% gain since the show got started. I think it's as relevant as ever. Company just reported excellent set of numbers last Tuesday. I'm proud to be a huge supporter of this. In seventh place with a more than 10,300% gain is a fun one. Monster Beverage, the energy drink company that was originally known as Hanson Natural before its big rebrand in 2012. Even though the stocks lost some juice in recent years, the long term gains have been staggering and I pounded the table on this one constantly in the early years. Next we're entering cream of the crop territory. In sixth place we find a magnificent seven name Amazon up more than 10,700% gain in the Mad Money Era when this show began, Amazon was a lowly survivor of the dot com bust, growing its e commerce business nicely but still barely profitable. Since then though, it's grown into a colossal crisis with its sprawling e commerce business and a bountiful cloud infrastructure division. Now as a mega cap tech giant, Amazon is all sorts of exciting new growth opportunities from a still underappreciated advertising business to the prime membership program that's brought the company into the streaming media space much, much more, Amazon reports on Thursday night. While I'm sure there'll be a lot of talk about tariffs, of course, and the state of the consumer, this is one of the few retailers with enough bargaining power to truly mitigate these new import duties. And I still like it for the long haul. 5th place 1 Texas Pacific Land Corporation up nearly 13,000% since we first went on air. It's a fun story with its origins dating back to the 1800s when a planned railroad line went bankrupt and the only remaining asset for creditors to take was some land in western Texas. Turns out it was very valuable land sitting on vast reserves of oil and gas. These days, Texas Pacific simply leases its landholdings to oil and gas related companies or pipeline operators. It's a great business, but it's not necessarily one that I want to recommend with West Texas crude sinking to $60 a barrel today. Don't buy, don't buy. Don't buy. Fourth place Apple up more than 14,500% since we went on air the great thing about Apple is these games were totally edible. Come on, this was the most obvious story in America for years and years. It's much harder to own here because it's under fire from the White House for sourcing most of its merchandise from China for the cell phones. But it's still a terrific illustration of the fact that you don't need to be a genius to pick winners in this business. Third best performer over the last 20 years booking holdings yes, the online travel agency formerly known as Priceline. The stock is up a staggering 22,000%. These guys figured out how to dominate the increasingly online travel space and made some very smart acquisitions over the years. Long term, I'm still a believer, although we have to take a hard look after reported justice very evening. Second place okay, a name you know very well from the show, and that's in Video that Nvidia is up more than 50,000% since the show began in video. It piqued my interest over 15 years ago when it was originally just a maker of graphics cards for video games. Since then, we've had the privilege of watching Nvidia blossom into the king of artificial intelligence and accelerated computing. You know, I named my late dog in Video because I wanted you all to know about it. Many people have. I say you bet against Nvidia at your own peril. Last but certainly not least is Netflix, the best performing major stock since the show first went on the air, this had a staggering 82,000% gain. You'd be rich by any stretch of imagination no matter almost how little you put in. When we started the show Netflix invented the entire streaming video category is back in 2005, they were still doing DVD rental by mail. And this was another one that I think was incredibly obvious. Netflix has essentially won versus traditional media at this point. But they're not standing pat. Not at all. Still improving the service as much as possible. Which is why I bet this one can continue to climb over the long haul. Bye. Bye. Bottom line, when you look at the 10 best performing stocks of the last 20 odd years, so many of these were gettable if you simply believed in your ability to pick stocks and stuck with them for the long haul. House of pleasure. Let's take questions. Let's go to Bill in Massachusetts. Bill.
Trey
Jimbo. Congratulations. Happy anniversary. I. I feel like I grew up with Jim Cramer watching.
Jim Cramer
You probably did grow up with me. I think you're in my. You're in my elementary school class. That thing. What's going on?
Trey
I got out on the weekends and then went to full time in the 2000s. It's been great. I've had a great time with you.
Jim Cramer
I gotta tell you, you're a good man. How can I help you today?
Trey
Listen, I. You said before to pick up a little carver. It's up 20%. I'm very happy with it. It's still down 80. $80 from its high. Do you think I could pick up a little more or should I wait?
Jim Cramer
I like it here. I like it here for the long term. Why? Because I think the Mediterranean is a. Is a kind of food that can be like Chipotle. It can be the previous year just the way Chipotle had a big run. I think Kava can too. All right, listen up. An investment over 20 years can lead to some pretty staggering stock gains. You can get a piece of the winners in the future as long as you believe in your stock picks and you stick with them. Much more midmoney and included my post earnings exclusively. Club name Honeywell. Then as I reflect back on the show's 20 year tenure, I'm giving you some insights into the thesis that started all and it's a little surprising, of course. All your calls. Mapping Fire. Tonight's edition of the Lightning round. So stay with Kramer. Look at the stock of Honeywell. Go. This morning the iconic industrial conglomerate reported magnificent quarter and even raised its full year earnings forecast. Welcome news because we own this month Travel Trust Best of All management detailed all the progress they're making on their plan to break the company into three three pieces. So let's take a close look with Vibil Kapoor. He's the chairman CEO of Honeywell International. To learn more. Mr. Kapoor, welcome back to Mad Money.
Bimal Kapoor
Hey Jim, first of all, congratulations on 20th years of your great show. So really proud of what you have accomplished. Not many people have reached there so I really want to start with that.
Jim Cramer
Oh Bibble, you're very kind and I want to return turn the compliment. This was an amazing quarter. High level, great set of numbers, double expectations, better than expected margins. What are the main drivers of this upside at a time when people tell us to be worried about the industrials?
Bimal Kapoor
Yep. So I would say a lot of things are working for us. Well, starting with our aerospace business continues to perform quite well. We again grew high single digit for many quarters in a row. That's driven by more and more supply chain recovery. Another headline for the quarter was our building automation business also grew high single digit. So as we are working on our strategy to repurpose our portfolio to pivot more and more towards high growth verticals, I think that's really showing up in the building automation results. So both the businesses grow high single digit. Other businesses performed on expectations, our energy and industrial automation business. So overall we're very pleased with the 4% growth we delivered in Q1 and then we maintained our guide for the year which was originally 1 to 4% organic growth for the full year and we feel confident to deliver that.
Jim Cramer
So how do you feel about the breakup plans now? Because now you've got every single one of these divisions are division that I would like to own.
Bimal Kapoor
Yep. So I would say the plans to spin into three companies, Jim, are progressing for plans. We expect to complete the spin off chemicals business by end of this year, earliest later, early next year. So that's progressing quite well. We do expect to provide a specific date during our Q2 earnings call because we're much more closer to the event. And aerospace spin is also progressing on plan for second half of 2026. It's early days. We'll refine the time to make the date more finer in next few months. At the same time I'm working on what we will call new Honeywell because we are going to spin aerospace and going to spin chemicals business. The equity story of that. I really feel excited about what's coming ahead for Honeywell. A powerful automation play, pure play automation focused on three verticals and very strong business model of building install base and mining install base. So exciting times ahead for Honeywell.
Jim Cramer
Well, why don't you talk about your role coming up because I think it's going to be a terrific one and one that I think I probably want to be involved in.
Bimal Kapoor
Yep, absolutely. And I think you'll be, everybody is going to be pleased how Honeywell is going to shape up post the spin. I think the aerospace story is well known, but automation story is going to be equally compelling because automation is all pervasive in our life and Honeywell provides automation in buildings, in infrastructure, in process industry, in industrial sector. And as data and air is growing, more and more software and services are going to become more relevant in, in that, in that segment. So that makes me believe that we are going to be very compelling proposition for our share owners as a standalone automation company.
Jim Cramer
I have to tell you, your, your confidence in your business, which is totally justified, was unshakable when in the, in the face of tariffs. I think you pretty much said, listen, we're going to mitigate it. It's not as big a concern as the analysts think.
Bimal Kapoor
Yeah. And Jim, that's on the strength of what we call local for local. We basically make product where we sell. So in the United States, most of our manufacturing, what we sell in us is made in US and so on. So the tariffs have an impact of about half a billion dollar in our P&L for 2025. But think about that in a $440 billion company on a, on a percentage basis, it's a not a significant impact. And that's because of our local for local strategy. And we are very confident to mitigate that with a combination of some pricing actions and some productivity actions. So we protect our earnings. We also want to protect our demand and we are going to execute on that plan.
Jim Cramer
Well, look, congratulations. Just terrific work and wow, I mean I just thought it was just one of the best quarters I've seen this year. Congratulations to Bimal Kapoor. He's the chairman and CEO of Honeywell. Thanks for coming on the show and a big night for us too.
Bimal Kapoor
Thank you. Jim, congratulations again.
Jim Cramer
Demi's back here to the break.
Mad Money Team
Coming up, Kramer takes your calls and the sky's the limit. It's a fast fire lightning round next.
Jim Cramer
It is time the lightning round. Chris, drive. That's my Ralph Williams Hannah talk center. Bye bye. My steppers will plan us out and then the lightning round is over. Are you ready? Ski dad time. The lightning round crazy over Jacob in Alaska. Jacob.
Trey
Booyah. Jim, longtime fan, proud investment club member and grateful beneficiary of your transparency and education.
Jim Cramer
And thank you very much for calling in. How can I help?
Trey
Absolutely. First off, just wanted to thank you for two decades of relentless energy, honesty and advocacy for the everyday investor. You've helped shape how I invest, how I live and how I teach others to build stable financial futures. I'm honest to learn from you, to speak with you and to carry your mission forward in my way. Now down the business. I wanted to ask a follow up question on my hometown carrier, Alaska Airlines.
Jim Cramer
Well, first of all, it's really well run, so don't take this the wrong way, but the airlines are wrong to own right here because people think we're going into a travel recession. I think you'd still go lower. Let's go to Joe in New Jersey.
Trey
Joe, hello, Mr. Kramer. Congratulations on your 20 years of mad money. And over the years I've learned and earned and kept a diversified portfolio and very importantly, held on the Costco and Apple for many years with.
Jim Cramer
Well played. Well played. Joe. How can I help you now?
Trey
And with tariff uncertainty, is Kimberly Clark a buy?
Jim Cramer
All right. Yields 3.8. I think you're down to 4.5% because right now that's the operative level. They did not make the quarter. I was a little bummed out. Let's wait till it goes lower. Let's go to Kate in Georgia.
Trey
Kate, Jim, congratulations on 20 years. That's awesome.
Jim Cramer
Thank you.
Trey
I'm so grateful to be a small part of the journey and I feel been in the investing club from the beginning.
Jim Cramer
Thank you.
Trey
And I've gained, I've gained so much insight and I've learned.
I
I am so grateful.
Trey
So this morning I took Profit and CrowdStrike and I was just wondering, how do you feel about CrowdStrike for the long term?
Jim Cramer
Okay. I think for the long term it's terrific. We had to take some profit because it just got too big. But I think George Kurtz is delivering an amazing product and I think he's got a lot to say given his speech tonight. I think that CrowdStrike is terrific. Let's take another. Let's go to Ross in Alabama. Ross gm.
Trey
Happy Tuesday.
Jim Cramer
Thank you. Ross, right back at you. What's going on?
Trey
Hey, man. Some questions about your thoughts on a stock I've been watching about 30% off its highs from a few months ago at the DDS dealers.
Jim Cramer
Now, I mean, we're in a world now where you're really going to make money. Amazon in tjx. Okay. You'll make money in Wal Mart. And you're going to be struggling to make money in any other retailer other than Costco. I don't think Doors is a place to be. Let's go to another. Let's go to Tyler in Illinois. Tyler, Booyah.
Trey
Jim, love the show. What do we think about buying next tracker nxt.
Jim Cramer
Okay, I do believe, look, it had a good quarter. I did think that the president did not really care for wind. But this kind, he doesn't mind this. This is technology all made in America. So I think you're okay. Not great, not bad. And that, ladies and gentlemen, puts it of the Lightning round.
Mad Money Team
The Lightning round is sponsored by Charles Schwab. Coming up, Kramer's taking a walk down memory lane to share Mad Money's origin story and his message to all the investors out there planning for the long haul.
Jim Cramer
Next. When I come up with Mad Money more than 20 years ago, my idea had its genesis in the ponies. That's right, horse racing. I always like the races. Just like my mother. We go together, we bet on every race. We bet on some favors, mostly long shots. We lost a lot of money together in college. I went to Suffolk, Dallas, broken down track any beautiful day during the season and continued my losing ways. I gave away my work study on a vain attempt to augment it. Then one day, the sports editor of the Harvard Crimson, a man who knew how to handicap, taught by the best. Andy Byer, the amazing racing runner, took me to the track because he heard I couldn't resist and was taking a beating. He said if I was going to gamble, I had to gamble wisely. He told me to bet only when I had done a huge amount of homework on a horse and figured out whether the odds looked misplaced against the field. Betting on the ponies wasn't meant to be a lark. You had to have both discipline and conviction. You had to have to. You had to study the past performances, visit out of the way racetracks, Delaware Downs, Liberty Belt park and find the anomaly, bet on that one, that one only, and then leave. Basically, he was telling me to look for the horse racing equivalent of a stock misvaluation. And that's exactly what I did. Discipline with conviction. And suddenly I won and I won and I won real money, enough to go places, do things, dress better. I kept it up when I went to Florida and then to California as a reporter. Always looking for the out of the way tracks. Always some isolated instance of maiden clamor, Golden Gate fourth at Santa Anita, didn't matter. I studied and studied to find that one horse the unpolished gym. Now, when I became a professional investor, I had to come up with multiple wins constantly to just buy my paycheck. But I never forgot what it felt like when I was a struggling, well, I guess, nascent replacement trying to make a buck with the track. What does this have to do with Mad Money? Simple. Same principle. I know the gray beers will always say, you should go with index funds, I get that. But there are still millions of people who want to invest in individual stocks. They just don't necessarily know how to do it wisely. I figured if I could show people what I learned first at Goldman Sachs and then at my hedge fund, if I could teach them the way I was taught at the track, they could at last have a fighting chance. Discipline, conviction, no larks, no tips. I refine these ideas. First of my radio show, Real Money, and then on this show, adding some entertainment to make the teaching go down more easily. A wild opening a couple of stocks gets. And then interviews once the CEOs finally decided to come on. Always thinking like I was with my mom, just out there gambling and let's have them invest, increase the odds of success, stay interested in their own money and win. Here we are 20 years later, and I'm more convinced than ever that it's my job to help teach those who want to do it themselves. So far, the students seem pretty darn satisfied. I guess I'll just have to keep going because I'm not going to stop until the network sends in guys with butterfly nets to yank me off the air.
Bimal Kapoor
If you've ever dabbled in the stock.
Jim Cramer
Market, chances are you know who Jim Cramer is. One of the greatest, most spectacular performers on television.
Leon Topalian
We turn now to a Wall street.
Jim Cramer
Veteran, a financial heavy hitter. And he's the man hundreds of thousands of hopeful investors turn to every day. Makes his living throwing chairs, hitting buzzers and screaming at the top of his lungs, the mad prophet of profit, Jim Cramer. Jim Cramer. Please welcome Jim Cramer, Matt Money's Jeff Weber. My first question is. We've never discussed this. What's wrong with you? Booyah. Booyah. Booyah. Ski daddy. Ski daddy. We have no idea what that means. Stock guru, Mad Money. Best selling author and fantasy football fanatic. Market's crazy, so you gotta have a madman. We were talking about making money. Jim Cramer is here tonight. This. This is the great Jim Cramer from Mad Money on cnbc, a really terrific show.
Trey
Mad Money's Jim Cramer.
Jim Cramer
Damn, Kramer. I think this thing could even go as high as a. Don't buy, don't buy. Jim Cramer hosts Mad Money on this network. What is cnbc? Hello, fellow Facebookers. I'm here to do one thing, get you more friends. Stark Industries. Let me show you the new Stark Industries business plan. I'm grounded and spend all day listening to my dad yell at Mad Money with Jim Cramer. Are you okay? Oh, yeah, it's nothing.
I
I was a guest on Mad Money last night.
Jim Cramer
What's happening?
Bank of America
It's one of you, Jim Cramer.
Jim Cramer
Okay, stop it. Stop it. Jim Cramer had this to say about the economy. He's a prophet. Listen. And he's nuts. They're nuts. They know nothing. You said it was good to be the end of the world. Nobody knows anything. They know nothing. They know nothing. In retrospect, don't you think you were too calm? Whatever money you may need for the next five years, please take it out of the stock market right now. That was a call that should have wrecked my career. And it would have if the market gone up. I stuck my neck out and did it and saved a lot of people money. If he was right at that point, we were at the beginning of this great panic. Even in my stupid. Don't say that. It's very hard. Bare student. Is it?
Trey
Yes.
Jim Cramer
I have a gift to turn people on to this stuff, to get them involved, and I love doing it. I love to teach and educate. This stuff, this stuff is for me. This stuff is really for me. It is the right thing. I cannot believe how lucky I am at this age to have come across an unbelievable thing which is a show that I run and I love. The only reason that we can do this show is thanks to a legion of amazing people through the years. Some you see around me who have deep Mad Money roots and true friends of the show, and some you see behind me back in the control room. We like to say there's always a bull market somewhere and we promise to try to find it just for you. Right here on Mad Money. I'm Jim Cramer. See you tomorrow. A special man Bunny documentary starts now.
I
All opinions expressed by Jim Cramer on this podcast are solely Kramer's opinions and do not reflect the opinions of CNBC, NBCUniversal, or their parent company or affiliates and may have been previously disseminated by Kramer on television, radio, Internet, or another medium. You should not treat any opinion expressed by Jim Cramer as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Kramer's opinions are based upon information he considers reliable, but neither CNBC nor its affiliates and or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. To view the full Mad Money disclaimer, please visit cnbc.com madmoneydisclaimer@hotels.com, we know some.
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Mad Money w/ Jim Cramer – April 29, 2025 | Episode Summary
Release Date: April 29, 2025
Host: Jim Cramer
Podcast: Mad Money w/ Jim Cramer, CNBC
The episode kicks off with Jim Cramer energetically setting the tone for a milestone celebration of "Mad Money's" 20th anniversary. He emphasizes the show's mission to educate and empower individual investors, stating, “My job is not just entertain, but educate the teaching” (02:21). Cramer passionately argues against the misconception that stock ownership is solely for the wealthy, asserting, “More than 60% of Americans have some exposure to the market, directly or indirectly” (02:21).
Cramer delves into the ongoing debate about stock market participation among Americans. He references a recent New York Times article discussing Trump voters' regrets over market downturns, challenging the notion that stock ownership is indifferent to political leanings. “More than MAGA doesn't have stocks. They don't care,” he quotes a caller’s perspective, then counters it by highlighting the vast number of Americans invested in stocks, IRAs, and 401(k)s (02:21).
He passionately defends the importance of individual stock picking, recounting the show's origins aimed at augmenting viewers' paychecks and providing a champion for everyday investors. Cramer shares personal anecdotes about listeners who have benefited from the show, reinforcing his commitment: “We fight for you and we champion you” (07:00).
Throughout the episode, Cramer engages with various callers, offering buy, sell, and hold recommendations. Notable interactions include:
Trey from Texas (08:58): Trey praises the show and inquires about Abercrombie & Fitch (ANF). Cramer assesses ANF's valuation and advises cautious optimism, suggesting potential for a slight uptick but recommending a wait-and-see approach (09:15).
Dave from Illinois (09:39): Dave asks about Okta (OKTA). Cramer lauds Okta as “terrific” and suggests adding CrowdStrike (CRWD) and Palo Alto Networks (PANW) to his portfolio (10:21).
Bill from Massachusetts (31:10): Bill reminisces about growing up with the show, expressing gratitude. Cramer responds warmly, reinforcing the show's educational mission (31:18).
Joe from New Jersey (38:38): Joe discusses Costco and Apple holdings. Cramer commends Joe’s strategy, emphasizing the strength of these long-term investments (38:56).
These interactions encapsulate Cramer's dedication to providing personalized investment advice and fostering a community of informed investors.
A significant portion of the episode features an in-depth interview with Leon Topalian, Chairman, President, and CEO of Nucor Corporation. Key discussion points include:
Company Performance and Optimism (17:05): Topalian shares Nucor's robust performance, highlighting a 30% increase in backlogs and strong order entries. He emphasizes the company's resilience amid economic uncertainties, stating, “Nucor's best days are still in front of us” (20:52).
Impact of Tariffs and Trade Policies (19:10): Both Cramer and Topalian discuss the importance of a level playing field in international trade. Topalian praises recent policy adjustments under the Trump administration, which have bolstered the American steel industry by addressing unfair trade practices (19:10).
Community Investment and Job Creation (20:05): Topalian details Nucor's substantial investments in the U.S., including $20 billion over five years and the creation of 9,000 direct jobs. He underscores the company's commitment to community development and sustainability (20:05).
Cramer concludes the interview by affirming his confidence in Nucor's growth prospects, noting, “This stock is at the right price, believe me” (22:46).
In celebration of the show's 20th anniversary, Cramer presents a countdown of the top 10 best-performing stocks featured on "Mad Money." Key highlights include:
Netflix (NFLX) – 82,000% Gain: As the pioneer of streaming, Netflix transformed media consumption and remains a staunch recommendation for long-term investment, despite recent volatility (24:19).
Nvidia (NVDA) – 50,000% Gain: Recognized for its leadership in artificial intelligence and accelerated computing, Nvidia is lauded as a future-proof investment (24:19).
Priceline Holdings (BKNG) – 22,000% Gain: Now Booking Holdings, the online travel agency has dominated the digital travel space through strategic acquisitions and innovation (24:19).
Apple (AAPL) – 14,500% Gain: Despite geopolitical challenges, Apple’s consistent innovation and market dominance make it a perennial favorite (24:19).
Texas Pacific Land Corporation (TPL) – 13,000% Gain: Benefiting from valuable landholdings in oil and gas-rich regions, TPL represents a unique investment in natural resources (24:19).
Amazon (AMZN) – 10,700% Gain: From e-commerce roots to cloud computing giant, Amazon’s multifaceted growth ensures its place in the top performers list (24:19).
Monster Beverage (MNST) – 10,300% Gain: Transitioning from Hanson Natural, Monster Beverage's rebranding and market expansion have yielded substantial returns (24:19).
Intuitive Surgical (ISRG) – 10,000% Gain: Creator of the Da Vinci robotic surgical system, Intuitive Surgical has revolutionized minimally invasive surgery (24:19).
Regeneron Pharma (REGN) – 9,000% Gain: Despite recent setbacks with patent cliffs, Regeneron remains a powerhouse in biopharma innovation (24:19).
Repligen Corporation (RGEN) – 77,800% Gain: A critical player in bioprocessing for life sciences, Repligen has seen immense growth, particularly during the pandemic (24:19).
Cramer underscores the importance of long-term investment and diligent stock picking: “when you look at the 10 best performing stocks of the last 20 odd years, so many of these were gettable if you simply believed in your ability to pick stocks and stuck with them for the long haul” (24:19).
Another pivotal interview features Bimal Kapoor, Chairman and CEO of Honeywell International. Major discussion points include:
Quarterly Performance and Growth (33:10): Kapoor reports a stellar quarter with high single-digit growth in aerospace and building automation, meeting or exceeding expectations (35:27).
Strategic Business Divestitures (34:20): Honeywell’s strategic plan to spin off its chemicals and aerospace divisions into standalone companies by end of the year and second half of 2026, respectively. This strategic move is aimed at enhancing operational focus and shareholder value (34:28).
Impact of Tariffs and Local Production (36:11): Kapoor discusses Honeywell’s “local for local” strategy, mitigating tariff impacts by manufacturing products domestically, thus protecting earnings and maintaining competitive pricing (35:35).
Future Outlook and Innovation (35:35): Emphasizing automation’s pervasive role in modern infrastructure, Kapoor highlights Honeywell’s commitment to innovation in building and industrial automation, positioning the company for continued growth as data-driven services expand (35:35).
Cramer applauds Honeywell’s strategic initiatives and optimistic outlook, reinforcing his support for the company: “Congratulations to Bimal Kapoor. He's the chairman and CEO of Honeywell” (37:07).
The Lightning Round segment features a rapid-fire Q&A session with callers seeking quick stock advice. Highlights include:
Alaska Airlines (ALK): Cramer advises against purchasing due to anticipated declines, asserting, “I don't think Doors is a place to be” (40:19).
CrowdStrike (CRWD): Despite recent profits taken by investors, Cramer maintains a positive long-term view, praising CEO George Kurtz and the company’s cybersecurity offerings (39:41).
Kimberly-Clark (KMB): Cramer expresses hesitation, suggesting waiting for a lower entry point due to recent earnings misses (39:07).
Nxt Tracker (NXT): Cramer acknowledges solid quarter performance but remains neutral, overall rating it as “okay” (40:42).
These brief exchanges demonstrate Cramer's swift analytical approach to diverse investment inquiries, providing strategic insights for immediate decision-making.
Closing the episode, Cramer shares a personal narrative tracing the roots of his investment philosophy:
Early Investment Lessons (41:14): Cramer recounts his days of horse racing betting, learning disciplined investment strategies from mentors. “Discipline, conviction, no larks, no tips” became the cornerstone of his approach.
Transition to Professional Investing (44:23): He draws parallels between disciplined horse racing and stock investing, emphasizing the importance of homework and strategic thinking in achieving investment success.
Mission of Mad Money (44:32): Cramer articulates his enduring mission to educate and empower individual investors, striving to increase their chances of financial success through informed stock picking and long-term commitment.
Jim Cramer wraps up the episode by reaffirming his dedication to the "Mad Money" community. He highlights the show's evolution over two decades, celebrating listener success stories and reiterating the show's foundational principles of education, advocacy, and entertainment for everyday investors. The episode concludes with a teaser for an upcoming documentary showcasing "Mad Money's" journey and impact over the past 20 years.
Jim Cramer (02:21): “More than 60% of Americans have some exposure to the market, directly or indirectly.”
Jim Cramer (07:00): “We fight for you and we champion you.”
Leon Topalian (19:10): “We have a strong, resilient industry for national defense.”
Jim Cramer (22:46): “This stock is at the right price, believe me.”
Bimal Kapoor (35:35): “Automation is all pervasive in our life and Honeywell provides automation in buildings, in infrastructure, in process industry, in industrial sector.”
Jim Cramer (24:19): “You can get a piece of the winners in the future as long as you believe in your stock picks and you stick with them for the long haul.”
Empowerment of Individual Investors: Cramer emphasizes the accessibility of stock ownership and the importance of informed investing for financial growth.
Strategic Stock Insights: Through interviews and detailed analyses, listeners gain valuable perspectives on leading companies like Nucor and Honeywell.
Long-Term Investment Strategies: The discussion of top-performing stocks underscores the benefits of patience and strategic selection in building wealth.
Commitment to Education: Cramer's narrative and interactive segments highlight his dedication to educating and supporting the "Mad Money" community.
This episode serves not only as a celebration of "Mad Money's" two-decade legacy but also as a comprehensive guide for investors seeking to navigate the complexities of the stock market with confidence and knowledge.