Caller (9:03)

Damn. First I got to say Yom Tov to those who celebrate. But anyway, my question.

Jim Cramer (9:08)

Happy and healthy, sir. Okay.

Caller (9:10)

Yes, yes. My question tonight is On a company that many will be familiar for their clover payment processing business. That's. The company is trading at $69 billion and it looks undervalued given the 5.6 billion in quarterly revenue that they just did. Stocks trading at a 40% discount to where it was beginning of the year. And so I'm curious what you think about fiserv based on the continued strength of the consumer despite headwinds with.

Jim Cramer (9:35)

You know, Sam, I got to tell you, that was not a good last quarter and it was shocking. I think you had to wait another quarter sitting. Get it together. That was just not that good a quarter. Nothing I could say about other than that. Let's go to Elaine in California. Elaine.

Caller (9:50)

Hi, Jim.

Jim Cramer (9:51)

Elaine, how are you?

Caller (9:53)

Pretty good. Thanks for taking my call. Congratulations on the book I downloaded today.

Jim Cramer (9:58)

Oh, thank you very much. I'm glad you did that. Hope others do. I like. I like it when people read. What's going on?

Caller (10:05)

I had a question about ticker symbol hims. Do you think it's overvalued? Should I get out or should I buy more in the pullback?

Jim Cramer (10:14)

It's a. Tell you. It's what I call football stock. I mean there's just every day there's a short crush in it or a long bull in it. I think it's a very hard stock to own. So therefore I say find an easier one. This one is too tough. Let's go to Kevin in California, please. Kevin.

Caller (10:34)

Hey, booyah. Jim from Weed, California. How are you doing?

Jim Cramer (10:38)

I am doing well. How are you doing?

Caller (10:40)

Real good. I've been watching for many years. First time, long time. How about those Eagles?

Jim Cramer (10:45)

We look good. Yeah. We find a way to win. Let's hope against the tough Denver defense. We do okay.

Caller (10:50)

There you go. Speaking of eagles, I'm talking about aeo, American Eagle Outfitters. I bought a bunch after Sydney Sweeney commercial debuted and it took off. Now it seems to be pretty stagnant. Do I buy, sell or hold?

Jim Cramer (11:07)

My instinct is to. Is to ring the register. Why? Because we. We had the event. The event occurred and now we're getting away from the event. And there are a lot of people who say, wait a second. The company isn't doing well away from that. I like to see it get a bit of a win here. Take some off the table. But we need to be on the lookout for more signs of economic weakness this week because the Bulls could run into some trouble if the Fed doesn't take more action soon. Have you seen this run in SoFi? Soaring over 200% in the last year. I'm taking a closer look at the story to see if it has legs. Then DraftKings found itself in the doghouse. So I'm covering what's ailing the stock and think today's move higher could be a sign of what's to come. Plus, I'm sizing up an under the radar rare earth play that you called in about and sharing where I come down on this speculative name. You got to hear it. So stay with Kramer.

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Jim Cramer (14:23)

We're finally getting a meaningful pullback in one of the hottest stocks of the year so far. Technologies. The Fintech Disruptor has become the digital bank of choice for millions of younger customers. I've been recommending this one for years, even when the stock struggled. I think so far it's got a great concept. I've always believed in its bankable CEO Anthony Noto, going way back to the days when he was still an analyst at Goldman Sachs. But from 2022 through 2024 so far just couldn't get any traction at all. With the stock stuck in the mid single digits every time it started to rally, it would lose its momentum. Even after so far made a big move around this time last year, breaking into the mid teens for the first time in almost three years. The stock sputter earlier this year, dragged down by tariff worries like the rest of the market. By the time we reach the post Liberation Day washout in early April so far was back in the high single digits. But over the past six months so far feels like an idea whose time has come. From the stock's April low of $8.60 to its high of $30 and change set early last week, this darn thing has shot up more than 250%. As of today, it's pulled back to $25 and change, but it's still nearly triple from the April lows and it's up a quick 57% since we last spoke to the CEO near the end of June. So as a longtime so far, I feel pretty darn vindicated these days. And I've got to tell you, I think it's one's not finished going higher. The first thing you need to understand is that this rally was driven by genuinely great numbers. So far, total member count has more than doubled from 5.2 million in 2022 to 11.7 million last quarter, and it's on track to reach nearly 13 million by the end of the year. The revenue has more than doubled too, from 1.5 billion in 2022 to an expected 3.4 billion this year. But unlike previous rallies, this time I think the moves got legs because so Far is finally profitable with excellent earnings growth. Last year SOFI had its first positive earnings result making $0.15 per share, and that's expected to more than double to 31 cents this year. That's important because while SOFI looks pretty expensive at 81 times this year's earnings estimates, 81 times earnings is actually pretty reasonable for a company with 107% earnings growth. Next year they're expected in $0.55 per share, meaning the stock sells for actually 46 times the 2026 numbers. Okay, okay. Still expensive, but relative to the 77% earnings growth that Wall street expects from this company next year. It's much easier to stick your neck out for a seemingly expensive stock with phenomenal earnings growth. Hey, by the way, I wouldn't be surprised if so Far outperforms these earnings estimates. This company has developed a reputation for outperforming the estimates and and lately that outperformance has been particularly strong so far. It's actually been doing this for a while now. I went back and checked and so far has beaten both sales and EBITDA estimates every darn time since it reported it came public in 2021. Can you imagine that? Over the past seven quarters in particular so Far has also reported much better than expected earnings per share. In fact, when the company reported its latest numbers in late July, the quarter look, I'm calling it fantastic. Total members and products were both up 34% year over year. Both records adjusted revenue grew 44% year over year, trouncing the estimates with a fee revenue of a staggering 72%. That's fantastic. So how the heck is so Far been able to put up these incredible numbers? Well, the company keeps expanding its banking offerings to the point where it's now more of a full service financial institution, one that already has won the trust of younger consumers. Some of it so Far. It wasn't originally just an online lender, a place you can turn to for student loans, personal loans and later on mortgages. They now offer home equity loans, home equity loans of credit and auto loans, or auto loan refinancing options too, plus credit cards. In the years before so Far came public in 2021, it launched a couple of rudimentary versions of its bank account and investing platforms. But they've really flourished in the past few years, especially after the company obtained a national banking chart in early 2022. So far now offers legitimate bank accounts, checking accounts and high yield savings accounts with very competitive interest rates, which are many, which are many multiples of what you get from one of the big national banks. Their standard Savings account yields 3.8%. Try getting after JP Morgan or bank of America. As for so Far investing platform, while it's not as popular as Robinhood, it's still pretty darn good at this point. They've got self directed investing, retirement accounts, robo Investing and Custom ETFs. So far, members even have the ability to access select IPOs, which was unthinkable not that long ago. A piece of these deals can be pretty darn lucrative. And after backing away from crypto trading for a bit in order to get that banking charter so far starting to dip its toes back into that space too. Outside of the core lending, banking and investing options so far sells insurance and plenty of other helpful services like credit monitoring, budget budgeting tools and even estate planning services. About three years ago, SoFi also rolled out a premium membership program called SoFi Plus. Management says that this plus plan now offers over $1,000 in value via rewards, benefits and preferred pricing, along with other perks like access to financial planners. And it costs you $10 a month or nothing if you sign up for direct deposit. That's the real point. SOFI is a real bank now. Millennials and zoomers get comfortable going to them for some initial product, say a student loan or a $5,000 personal loan to pay off some credit card debt. And then they learn that they can get a checking account and stick around. Once they get a little more money, they can use so far as high yield savings accounts or their investing platform. Maybe they get their mortgage through so far later on. But the point is so far is increasingly getting customers for life and investors finally appreciate the immense scale of the opportunity here. Let me give you the bottom line. I've been recommending SoFi for years because I realized that they had a unique hold on younger people. And over the past 12 months or so, that's really started to pay off. The stocks caught fire and thanks to its recent sell off over the past couple weeks, you're now getting a chance to buy it at a relative discount for the first time in ages. While I'm not expecting SoFi to triple again over the next six months, it wouldn't shock me if it can put up a similar performance over the next three to five years. Bit money is back after the break.

Show Announcer (20:41)

Coming up, a prediction market parlay. Kramer's cracking open the sports books and looking at where DraftKings stands in the space next.

Jim Cramer (20:52)

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Jim Cramer (21:29)

What the heck has gone wrong at DraftKings? I mean, back in August, the online sporting betting company reported a great quarter even if they didn't raise their full year forecast. And the stock did initially sell off 5%. Sell, sell, sell. CEO Jason Robbins came on the show. I thought he told a great story. And the stock did come back with a vengeance, ultimately climbing to $48 and change at the beginning of September. Oh, but ever since, DraftKings has been just obliterated. With the stock now down almost 28% from week it closed at $35.37. The stock is now down almost 5% for the year. What is behind what I regard as pretty much of a breathtaking decline? Okay, I want you to keep in mind that September is a pivotal month for the sports books because it marks the start of the football season. It's make or break for these companies. A year ago, Drift King struggled during this period because too many people were betting the favorites and the favorites kept winning. People love to bet the favorites. So the bad news and by the way, that is bad news for sport books. When more favorites win, the sport books experience higher losses. More parlays are also likely to hit when the favorites are winning. That also is bad for the house. And this September, NFL favorites wanted an even higher rate than last year. At least until last night's surprise victory by the Forty Niners. This supposed to be a temporary problem, but if it keeps happening, you got to wonder if maybe the people placing these bets are becoming more astute. At the same time, Jeff Kingston his components are facing more competition from online prediction markets. The prediction markets, especially polymarket and Kalsheet, let you bet on nearly anything. There was a whole south park episode recently. You often hear about people betting on political outcomes, but they cover all sorts of stuff including like who win time. Person of the year for 2025 right now I is frontrunner. I guess no job is safe. More importantly, they're doing sports betting because why not? Instead of traditional odds, bets are quoted based on what you need to put down to win $1. For example, last night's calculator the 49ers to win was roughly $0.30, meaning that each share would cost $0.30 to win $1. This is different than how traditional support books operate, but it's ultimately very similar in terms of payout and it's much easier to understand. Plus, these platforms merely operate peer to peer betting and markets. They give people a marketplace to bet against each other rather than taking the opposite side themselves. That they make their money by taking a small transaction fee from each bet or by taking a percentage of the winnings Long term, they could allow the prediction markets to offer better odds than the online sports books like DraftKings or Fandor. But the biggest competitive threat here is the lack of regulation. Cut Night Drifting is heavily regulated by gaming regulators and in the states where it operates. But platforms like Kalshi are treated as designated contract markets by the cftc, which means they're treated more like a stock exchange than a traditional sports book. Because the prediction markets don't take the other side of the trade, though they're not actually gambling. It's not gambling, so they don't need to navigate the patchwork of state by state licensing laws. While DraftKings is desperately trying to get approval, states like California, Texas, people in those states can already bet on these games via this prediction markets. And though Koshi had 260 million in trading volumes last Sunday, already surpassing the previous record on Election Day last November, now these concerns reached a fever pitch during Monday Night Football. Shortly before the kickoff between the jets and dolphins September 29, Koshi temporarily rolled out a new feature called build your own build your combo. While that might sound like a new offering from Taco Bell, it's essentially operated as the same gay game parlay, giving users the ability to combine multiple types of bets into a single contract. What's so dangerous about that? Well, people love these parlays and they're immensely profitable for companies like DraftKings, so this kind of competition is terrible for them. And that's why the stock plunged 11% on Tuesday and it's been sinking lower ever since before finally stabilizing today. That said, I think the sellers frankly might be overreacting. Compared to DraftKings, the sports bettings offerings from the predictions markets, they're pretty bare bones. Some analysts have defended DraftKings and assert that the headline volume numbers we're getting from Kalshee might not be a fair comparison to traditional sportsbooks. Even the structural differences in making a market versus operating a peer to peer marketplace. Other analysts seem to think that the argument is bogus, though. While these prediction markets can operate in states where sports betting remains illegal, that also makes it hard to tell if they're actually stealing much actual business from DraftKings. According to Jefferies, a quarter of Calci's revenue came from Texas and California, where drifting doesn't operate. When people have the choice between the two, they tend to go with regulated sportsbook like DraftKings or FanDuel. Meanwhile, analysts at Oppenheimer estimate that roughly 40 or 50% of Cal State's volumes come from its partnership with Robinhood, which suggests that much of their user base is generally new to sports betting. The analysts think that this could either even be a tailwind for the sports books down the line, similar to how DraftKings and FanDuel saw user growth tick higher following the launch of ESPN BET because it lured more people in and these people eventually migrated to better platforms. That's not even factoring in the dizzying legal situation that bridge markets find themselves in. As you might be asking yourself, how is all this even legal? Well it turns out many states are asking the same question. With Kalshi involved in a host of lawsuits across several states, they got some bad news just today as a federal judge in Nevada, a judge that Kalshee has a pending case with, ruled sports prediction markets do not qualify as swaps. In the case with crypto.com that doesn't bode well for Kalsi. Just the three put one more wrinkle into all this. Donald Trump Jr. That is sits on the boards of Kalshee and Polymarket. So maybe they'll have more luck if they can appeal to the Trump friendly Supreme Court. I don't know. Look, I don't want to speculate on the outcome here, but you should be aware of the flimsy legality of the prediction market situation before you panic and sell DraftKings down here. After all, there's a reason why the online sports books haven't gotten into prediction markets. They're probably worried that when the regulators finally come down on these platforms they they'll come down hard. If anything, it might spur some states that are holding out to potentially legalize traditional sportsbook so they can at least get the tax revenue. If their constituents are already gambling, I mean really, what's the harm? So where do I come down on this? Despite today's rally, Driftings is still down almost 5% of the year coming. It's down a whopping 28% from last month's high. I spoke with CEO Jason Robbins on multiple occasions and like the direction the company's headed longer term which means this could be a buying opportunity. So here's the bottom line. I'm not backing away from this stock. I think the predictions market fears are overblown here. So if you don't already own any DraftKings, I'm telling you got my blessing right here to put on a small position. Beyond that, let's suspend judgment until they report at the end of the month. Let's go to Gilbert in Illinois please. Gilbert.

Caller (28:31)

Hi Jim. Give me your thoughts on Stock symbol mgm. Is it a whole buy or sell?

Jim Cramer (28:38)

I'm actually not much of a fan. And that's because as of today, you're getting a real chance to buy Wynn at a discount from where it was. The Stock is down 9 today. And I think Wynn is a very high quality company and it's going to come back. I mean, they're, they're down because of what's known as Golden Week data, which was weak. Probably get some downgrades tomorrow. Buy. And I would take a shot at not. I would invest in Wynn tomorrow. Let's go to Jerry in Missouri. Jerry.

Caller (29:06)

Hey, Jim, thanks for taking my call. Of course, Jim. Because there have been reports of declining daily average users and a significant drop in responses from ChatGPT. This stock was down over 30% from its highs today. It started to rebound. Do you see this as a reason to run away from Reddit?

Jim Cramer (29:29)

Okay. I saw this stuff on Reddit and been trying to get, I mean, a lot of, a lot of these Jeep, these chat bots rely on Reddit. You often see them as like the first or second indicator. I think that that was kind of excessive. The stock has had a remarkable run. I think that the pullback, though, is viable. I think Reddit is a valuable institution. I think the numbers are good. I would put on some here and then I would wait to see if it drops again because actually, quite frankly, people look at the chart and the chart is not so great. Let's go to Dave in Hawaii. Dave.

Caller (30:01)

Aloha, Jimmy. Chill, mohalo.

Jim Cramer (30:04)

What's going on, my friend?

Caller (30:05)

Hey, man, just want to say I love you and your team. I bought your book coming to my doorstep today and I can't wait to get it and start reading it. Thank you so much.

Jim Cramer (30:17)

Very kind. I've been, I've been doing my tour on the book and getting some good feedback and I appreciate you saying those kind things. Thank you.

Caller (30:24)

Hey, man, let's get to the business. So look, you've had the CE on multiple times. Earnings are coming out next month, Jim. Hey, look, you guys, you're the cream of the crop. What do you think about Wingstop taking the dip?

Jim Cramer (30:38)

Okay, I think this is a really important call because I was surprised that it started going down. I fear, when I fear Wingstop because they've not been. Let's say that they don't really offer the kind of guidance that I want. And let's put it this way, I think it's too high risk and the restaurant stocks are not doing well. We own Texas Roadhouse for the travel trust. As you know, it's not doing that well because of the prices of food. Too many of these commodities have gone up too much. So I'm holding back everything until I see their earnings themselves. All right. Anyway, and thank you for the kind comments about the book. Right. I think the fears around the prediction market impacts on DraftKings. I'm calling him overblown at this point. You got my busting. Put on a small position here for the pullback. Much more mad money. Whenever you call and stump me. I promise to do the homework and then get back to you. Tonight I'm taking a closer look at a really hard one, a cold play called Ramaco Resources. See if it could be a potential winner under the current administration. You do not want to miss this then. It's been an exciting time if you own own the stock of Apple. But now some naysayers come out of woodwork. I'm helping you stay focused. Amid a flurry of conflicting headlines and the oil qual is rapid fire and tonight's edition of the Lighting Round. So stay with Kramer. You know me, every time I get a question about a stock I can't answer, I promise to circle back and then do some homework. Give you a more considered answer because you deserve. A few days ago I got stumped by Michael in Arizona who pretty much pitched me on Ramaco Resources in the simple years M as a Mary Etc. A coal producer with a possible rare earth elements kicker. Now Ramaco specifically makes metallurgical coal. That's the kind of traditionally used to make steel. But modern technology uses less coal these days, as Nucor Cleveland Cliffs will gladly tell you. So ordinarily I'd be pretty skeptical of this company even with a very pro coal administration, the White House. But Rapico is not just a coldplay anymore. That's why the Stock's up almost 500% from its April lows, setting a fresh all time high just today, companies getting to rare earths in a major way at a time when the market's desperate for these materials because most of the world's current capacity belongs to China, giving them a stranglehold on all sorts of importance important industries. A few years ago, Ramco acquired a mine in Wyoming. About a year later they started talking about the rare earth elements part of the story. And they did it much more enthusiastically saying this mine contained what could be, quote, the largest unconventional deposit of rare earth elements and quote in the United States. After all of that activity in mid 2023, Rambico put on a major rally and into the end of the year with its stock basically tripling at the time. But then for whatever reason, it rolled over. Says it gave up all of its gains. The core coal metallurgical business that continues to be weak. Investors probably realized that the rare earth story was well in the future. And enthusiasm about electric vehicles, one of the big end markets for rare earth, well, let's just say, you know, that faded as well. Until the president launched his latest trade war with China, there was very little appetite for domestically produced rare earth minerals. Wall street figured, we just keep buying this stuff from the Chinese. So Rambico shares went right back down. Now, though, domestically sourced rare earths have become a much higher priority ever since it became clear their independence on Chinese rare earths was a major vulnerability. Lots of use for defense. While there's plenty of talk about rare earths from the company in the spring, this angle of the story started to work its way into the stock's performance in early July after the company published promising results from a third party study of their key rare earth mine. In other words, they didn't use the study, make the study, a third party did. After that, things began moving very quickly. There was a ceremony at the mine to celebrate its opening. This is the first new rare earth mine in the United States in more than 70 years, as well as the first new coal mine in wyoming in over 50 years. On top of that, Ramaco raised $57 million in new debt funding funding in late July, then raised another 200 million in August to an underwritten secondary offering, common stock. Around that same time, the company had its second quarter report and the actual numbers weren't anything to write home about. All the talk was about the rare earths opportunity. Then last month, Ramaco announced an expansion of the Brook Mine project, telling shareholders that the, quote, various arms of the administration, end quote, had asked them to put pedal to the metal because this is a critical mineral project. They're now doing everything in their power to upsize the mine's production. Finally, over the last couple of weeks, a number of analysts have written about Ramaco, with one analyst from Jefferies who already covered the company, raising their price target substantially from $27 to $45. Two other analysts from boutique research firms, coverage on the name, both with buy ratings. So that's why Rymaco Resources has seen its stock were higher. The question now is whether or not it's worth chasing this thing. After such a spectacular rally, I got to say I wish I had found it earlier of course, at this point, though, I don't feel comfortable recommending the stock after such an extreme parabolic move. You know, I don't like parabolas. It would be one thing if Ramaco had a decent core business that could provide steady profits and cash flow while the growth projects in rare earth gradually ramped up. But if you look at the numbers over the last couple of years, the core coal business is really bad. If the rarest mine in Wyoming, that. That's the now the crux of the story was more mature and further along, that might make me feel better. But as encouraging as the studies of the mine have been, it's still extremely early days for that project. They only broke ground three months ago, and the expansion of that mine was just announced last month. The last thing that gives me pause here is the company's dual class share structure, which is confusing, as is its inconsistent dividend strategy, which removes an element of safety that we'd have if it says, you know, let's say a company paid a regular cash dividend that worked out to a nice strong dividend yield. A couple of years ago, Ramaco rolled out a tracking stock, METC B, where the performance is tied to specific assets like royalties from coal mines and future rare earth mines. The tracking stock pays dividends, sometimes in cash, sometimes in shares. Look, the whole thing is incredibly difficult to fathom, but there's one big caveat here that makes me hesitate to go negative. Ramaco Resources, even after this run, this company feels like the kind of company that the Trump administration might be willing to take a stake in. Remember, they did this with MP Materials, the only other major domestic rare earth play. And most recently, they did the same thing with domestic lithium producer. Every time one of these US Government stakes has been announced, stock in question skyrockets. Buy, Buy. Buy. Buy. Buy. Buy. Buy, Buy. And given that the government proactively asked Ramaco to expand its rare earth project in Wyoming, I say it's certainly a possibility here that would happen. It'll go up. Even so, here's the bottom line. I'm not going to recommend Brian McCoy right now because I feel like we missed the move. The core business still appears troubled. The growth business is far in the future, and the corporate structure is confusing. But if CEO Randall Atkins wants to come on the show and give us the pitch directly and clear up some of these points of confusion, he now has an open invitation to do so. Edmundi, be back after the break.

Show Announcer (37:59)

Coming up, Kramer takes your calls. And the sky's the limit. It's a fast fire lightning round next.

Jim Cramer (38:16)

It is time. It's time for the lightning round. Comes back Graft. Graft close the same as stock said bye bye bye. So I'll set this in a tough stock and then the lightning round is over. Are you ready? Ski day. Time for the light metal creatures running. Let's start with Beth in California. Beth.

Caller (38:31)

Hey, Jim, thanks for taking my call. I'm a big fan of your show and I've learned so much from you. I ordered your book from Amazon and I'm really looking forward to learning.

Jim Cramer (38:41)

Thank you very much.

Caller (38:42)

Money in any market.

Jim Cramer (38:43)

Thank you. Thank you.

Caller (38:45)

So wanted to ask about amdq.

Jim Cramer (38:51)

Oh, Ambit Micro. Look, we got to be careful that there are so many good semiconductor companies out there. I rather see you in Broadcom, Abgo. I think that's a. Not as. Obviously, it's not as speculative as Ambit, but I like it because it's really got a lot of new business. Let's go to Joe in New Jersey. Joe.

Caller (39:09)

Well, Mr. Kramer, I missed, I missed your book signing on Tuesday, but I'll be at the great ball in November to see.

Jim Cramer (39:17)

All right, that's what matters. What's going on? Yeah, I'm a longtime holder of Albertsons.

Caller (39:22)

And with the merger not going through and Amazon launching Amazon Grocery, should I.

Jim Cramer (39:28)

Still hold on to it? I don't like Albertsons here because exactly what you just said, I think that's the worry. I do like Kroger, but you know, it's come down just so badly and we've been buying is Costco. I mean, it's almost as. Costco is not a good company and it's a very good company. That's the one I prefer you to be in. Let's go to Ralph in New York. Ralph. Booyah.

Caller (39:50)

To the one, the only and the priceless Jimmy Kramer.

Jim Cramer (39:55)

Well, I'm fan of yours and thank you. Thank you. Yeah.

Caller (40:01)

And if I may, a quick shout out to the New York Yankees who played a game for the ages last night.

Jim Cramer (40:06)

Very true, very true.

Caller (40:07)

I am, I am asking, do I buy, take some profits or hold Regarding a company that just had some clinical data showing significant slowing of Huntington's disease progression in patients treated with a gene therapy candidate. The company is unicure.

Jim Cramer (40:27)

Yeah, I saw that news and it was really terrific. But I also saw that Insider sold about $9 million with a stock after the run. I think it's a, it's a parallel. And after a parabolic move, I will not endorse it even if I Think it's good I have to stay away. This one has too many questions for me up here. Let's go to Brett in California.

Caller (40:48)

Brett, Jim, thanks for staying healthy for us. I have a quick question for you. Sure. Chevron, do you still believe the mic works? Can I own it and not trade it?

Jim Cramer (40:58)

Yep. No. I spoke to Mike today about the fire. I'm not really worried about that at all. I think you can own this 4.5% yield. Now I'm not a big fan of oil. I think you go below 60 so be ready if it does do that. Remember this stock had been at one point just not that long ago down to 135 and so it's at 153. I think you buy some and then you wait to see if it breaks down because of that $60 possible breakdown. Let's go to Kathy in Arizona. Kathy.

Caller (41:23)

Hey Jim, wishing you luck on your upper upcoming book touristic.

Jim Cramer (41:28)

Thank you.

Caller (41:28)

Welcome. I'm looking at a slightly out of favor stock with a decent dividend and below market P E that may be able to take advantage of decreasing interest rates. And in video millionaires should I take LCI industries for a recreational ride?

Jim Cramer (41:44)

It has not done as well as Thor and yet it's in a similar business. I like your thinking. I think it would be a beneficiary of lower interest rates. I think that you can buy that stock. If Thor's up this strongly, I think that they can catch up. Let's go to Logan in Oklahoma.

Caller (42:01)

Logan, Booyah. Jim from the great state of Oklahoma.

Jim Cramer (42:05)

How are you? Fantastic. How you doing?

Caller (42:09)

I am sarcastic, bombastic and feeling fantastic, my friend.

Jim Cramer (42:13)

There you go. I like that. It's a good sentiment. How can I help you, Jim?

Caller (42:18)

I've held Dillard's since November of 2021 and it's one of the largest positions I have and I'm curious to get your take on that stock.

Jim Cramer (42:27)

Well, first of all, I think that Dillard having shopped there but not that recently. I say wow, up 42%. That's a lot. Let's do this. Let's take some of it off the table and let the rest run okay because the numbers aren't that great and the multiple is really high. I like Costco much better. Sell some of that. Buy Costco and. And that, ladies and gentlemen is the conclusion of the lightning round.

Show Announcer (42:47)

The lightning round is sponsored by Charles Schwab. Coming up, Kramer's doubling down on his own it don't trade it mantra when it comes to Apple, don't Miss his take on the stock next.

Jim Cramer (43:10)

It's an exciting time to be in Apple shareholder. Is it? The stock's been roaring thanks to the strength of the new iPhone models almost about to take out its high. We hope. The new phones truly are remarkable. You got this iPhone air which feels as light as a candy bar in your hand. Got the regular form factors with a fabulous camera, terrific battery life. And the phones have this AI powered selfie feature. It's amazing. Somehow it figures out how to fit everyone in the picture. No more half faces, half bodies. Isn't that terrific? But not everyone's pleased. Today we got a report from a fellow by name Edison Lee at Jefferies, who even as he raised his iPhone 17 unit growth forecast is cautious because of concerns about the next iteration, the iPhone 18. He worries that, and I quote, current valuation prices in overly bullish iPhone outlook. So what does he do? Well, what you do when you're worried, you downgrade Apple. And this time he took it from a hold to a sell. The call embodies everything that's right with sell side research, but also everything that's wrong with sell side research. First, let me see it. Edison has nailed every move in Apple stock. On January 20, Apple near a high. He took it from a hold to a sell. On April 9, the stock this time at $172, he upgraded from sell to hold. Incredible post liberation day timing. On May 2, if the stock had a nice run to 213, he took it from a hold to a sell. Then on July 1st with the stock at 208, he went from a sell to a hold. And today after a huge run to 257, he cut it back to a sell. Now, if you run a hedge fund, every one of these calls has been spot on dead right. Fantastic. Even back in the day, I would have killed for these calls. If I found an analyst this reliable, I would have treated his words as gospel because again, for a hedge fund, this stuff is priceless. But for you, not so much. It's just the individual investor just can't do it because all these pivots are overwhelming. I wager that there's almost no way home gamers can profit from the strategy, especially after taxes, because it's simply too hard to execute. Well, if you don't have your own trading desk, well, I wish you could, but you don't. That's why I say own Apple, don't trade it. The whole genesis of my view, as I explained in my new book, how to make money in any market has to do precisely with this kind of excessive trading. How much better would an individual have done if she just decided that Apple was a terrific company so she owned the stock and didn't flit in and out of it because flitting so difficult. Sure Edison Lee can do it, but then again he's never had a buy rating on the stock during this whole period. So if you listen to him, maybe you never even owned Apple in the first place. I think that if you agree with me about owning it, not trading it, you will enjoy by the way home how to make money in any market because I spent a tremendous amount of time really criticizing trading as a tactic. It's not a trading book. It's why is that? Because it's not professionals. It's just too hard. It's much better to find the stocks of companies you love and if they go down, you buy more. Which would have been the best strategy after all for owning Apple. Apple in my book, I praise sticking with Apple stocks, individual stocks like Apple because they can deliver big wins, life changing wins, but only if you let the gains compound year after year. You shouldn't touch the stock unless something goes severely wrong. That's the way to go. If you still the itch to trade, you be my guest. Just know that it's usually a loser's game unless you're doing it as a full time job or you can hire a lot lots of traders who it for you. Most people can't do that. So I say, you know what, it's just not worth even trying. I like to say there's always bull market somewhere and I promise you, I find just for you right here on Mad Money. I'm Drew Kramer and I will see you Monday.

Podcast Narrator/Disclaimer (47:01)

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. Cramer'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 this is the.

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Jim Cramer (48:05)

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