A (0:00)

Hiring isn't just filling a role, it's about finding people who can drive results. Indeed Sponsored Jobs helps you match with the right candidates faster. Target candidates by skills, certifications or location. Join the 3.3 million employers worldwide that use Indeed to connect with quality talent that fits their needs. And listeners of this show will get a $75 sponsored job credit to help get your job the premium status it deserves@ Indeed.com podcast terms and conditions apply. Hiring do it the Right Way with Indeed. Before we had AT&T business Wireless coverage, our delivery GPS wasn't the most reliable. Once our driver had to do a 14 point turn to get back on route. A 14 point turn, an influencer even livestream the whole thing. Not good for business. Now with AT&T business Wireless, routes are updating on the fly and deliveries are on time. And the influencer did get us 53 new followers though. AT&T business Wireless Connecting changes everything. Hey, I'm Crater. Welcome to Mad Money. Welcome to Cramerica. Other people make friends. Hey, I'm just trying to make a little bit of money here. My job is not just to entertain, but to educate. I'm doing some teaching, so call me at 1-800-743-CBC or tweet me at Jim Cramer. See these hands? You know what's the best thing you can do with them in this market? I'll show you. Sit on them, that's what. Because if you're buying and selling stocks at this very moment instead of sitting on your hands and you're going to drive yourself crazy, you're going to make mistakes and you'll end up looking like a fool because the backdrop is pure lunacy. It's very hard to make money in this kind of environment, even on what looked like a placid day where The Dow dip 34 points, the S&P edged down point to 1% and the Nasdaq actually advanced.01%. In truth, it was anything but placid. But I don't want to get ahead of the story. Every day I do this 10 minute morning meeting for CNBC's investing club members with my partner Jeff marks starts at 10:20. We stream it always ends at 10:30. Or at least I try to get it down at 10:30. Sometimes I'm bursted with an idea so I refuse to stop. Today I told the story of the misery of the hedge fund manager and the ecstasy of the individual investor because that captures a lot of what's going on right here, right now. Sure look like we were going to have an easy day. The market seems soggy this morning. Oil hanging out at around $90 up a tad was tough to read. But then at 8 o', clock, Secretary of Defense Hegseth went on the warpath, talking in a cadence that indicated things were about to heat up big time. He said that today would be quote, the most intense day of strikes inside Iran. He was going to launch, in his words, the most fighters, the most bombers, the most. Well, I mean just keeps going on strikes. What do you remind me of? He reminded me of the general and 12 o' clock high, oh so many years ago, he telling the young fliers, the master of the air that they were going after the pleisty oil fields in Romania just to disable the Third Reich once and for all. Or perhaps this would be the light like the beginning of big week where our planes darken the skies bombing all sorts of German facilities, including a key ball bearing manufacturing plant. For a full week, February 20th to February 25th, 1944, Germany was still a target rich environment. Then Hicks was switched to channel captain John Paul Jones saying we'd only just begun to fight. Geez, what are we doing these last 10 days? Then he finished with a quote from a psalm different. One thing's for certain though. Hanks clearly didn't get President Trump's memo yesterday that the war is almost over. So you'd think that stocks would get clobbered, right? Because he's going to roil up the oil market. We know that if oil goes higher, stocks go lower. If we're going to do daylight precision bombing to take out Iranians leaders or, or nighttime saturation bombing to crush the facilities, you can bet that oil will be ready to soar after yesterday's pullback. If you run the hedge fund, you know what you do. You heard that speech. You would short the entire stock market because it sounded like the kiss of death for stocks. I know I would if I were still running Kramer Company Yet. What happened? Turns out you ran into a buzz saw center on the data center no less. Simply the semiconductors that go into the data center. I'm talking about Seagate, Western Digital, Sandisk and Micron. Why those? Because the CEO of Hewlett Packard Enterprise said last night on his conference call that there would be no let up in the memory shortage that's allowing these companies to practically print money last a long time. Now if you're a hedge fund manager who bet against this market this morning because of what Higgs has said, especially you bet against tech, you can't Handle the kind of losses you were racking up in the morning. Maybe the short sellers could have held on for a couple more hours because interest rates are going lower, always bad for stocks. But when oil reversed from a short blip up and started to go down, and I'm talking about really down, down hard, the bears lost the props they needed and instead they got their lungs ripped out. It gets tougher for the bears. As the day went on, a social media post went up under Energy Secretary Chris Wright's name that a US Navy destroyer shepherd an oil tanker through the Strait of Hormuz. If that's true, Dennis came over to the bears. Why? Because Iran's been blockading a stretch of water and. And that's been wrecking the global economy. It was practically a death sentence for the short sellers. Can't fight oil going lower. Can't fight the tap going higher. Can it fight the Navy crushing Iran's fleet? You had to expect a monster move higher. The tape ruled. Any hedge fund manager who was still short probably covered and got long. Then CNBC comes out around the peak of the run and says that the tweet was just deleted. Huh? Just like that. There was no tagger, there was no convoy. So of course oil starts creeping right back up and the market stops going higher. In fact, it turns around, it gets worse. Forget convoys. We learned to rain is might be mining the street. Still, oil goes right back up and finishes down instead of being down 15%, is down only 9% and the stock gains disappear. Remember, this is not long after the convoy tweet caused most of the shorts to throw in the towel. Do they go back in knowing the big week is starting, that the Iranians are all about feeling the lash? Or do they just do nothing? Because who knows what the heck's going to happen now. Incredible. If a hedge fund manager had started short and doubled down on the Secretary Wright bogus tweet about the Navy protecting the tanker, she would have made a kill and crushed it. And that's despite the fact that oil went down 12%. One of the worst days for petroleum in history. So much for my oil goes lower, stocks go higher thesis. You know, it's tough. I know that on a day like today, clients at my old hedge fund would have been expected me to make money. When you can go up and down, that's nirvana for hedge fund managers. They have to play. If I were in that position, I'd fuel the calls from my clients who wanted to know how much money they made after a crazy session to the dollar. Look, I'm honest guy. So I tell them the bad news that I got short when oil looked like we went higher and I covered at the high. You lost. That's what I'd say. You lost money. Of course, my first idea to go short actually turned out to be the right idea, but for no particular reason other than we await tonight's target list. Long story short, this kind of session is poison to hedge fund managers because they feel compelled to take action on days like today. Oh, and after the bell, Oracle posted a good number. I'm sure the hedges we fly it in, take it, take the stock up this morning and then short it tomorrow. It's going to start all over again. But what about regular individual investors? If you're managing your own money, there's a simple way to handle today's craziness. You do nothing. Why? I think it should be obvious that this kind of action is not conducive to anything. Sure. Last night HP Enterprise reported and talked about how memory chips remain in short supply. You might have wanted to join the scrum going for the memory chips, but by the way, they were all up before the market opened. It's much better to do nothing, people. You don't have clients breathing down your neck expecting you to make them money every day. You can sit on your hands when the situation is just unclear. Of course, it's not an easy thing to do. You hear all day people buying this and selling that, heedless of the tax consequences. You're probably jonesing just to pull the trigger, right? All I can tell you is it's just not worth it. You have no gun to your head and that's your edge. Do you really want to worry about cabinet level social media posts or the fire and brimstone rhetoric from the Secretary of Defense? I sure don't. Because nobody's looking over your shoulder. You don't have to parse this stuff. It's a pleasure to not be worried about how you missed the LAM research move or shorted applied materials and had your head handed to you. I say rejoice. The bottom line? This moment's full of surprises, both positive and negative. In that order. Which means when you buy, you have to have a. You have to brave a level of turbulence that only President Trump to not the first one, the second, could possibly spawn. The only thing you can reasonably expect here is more chaos. So make your peace with that and stop trying to trade your way to riches. You'll trade your way to the poorhouse. Invest. Don't Trade, pick good stocks, hold on to them. Buy an index fund right next to it and play the long game. Jim in Wyoming, please. Jim. Thank you, Jim, for taking my call. Of course. What's happening? Well, thanks for your working so hard and giving us such excellent advice. I've benefited and my family's benefited from your advice. Oh, thank you, buddy. Thank you, thank you. Longtime listener since the days of Kudlow and Kramer. Man, that's going back 26 years. 27 years. Fantastic. Yeah. So I called you a While back when PayPal was around 68 and asked you for your views, and you said you thought Capital One Financial was, was a better stock, and your advice was excellent. PayPal is now around 45. And two events happened on March 1st. Number one, I became 90, the big 9o. But more importantly, Enrique Lawrence, who's been the CEO of Hewlett Packard and has been doing a terrific job there, resigned from Hewlett Packard and became the CEO of PayPal. And he's also been the board chair of PayPal for the last couple of years. So he's very familiar with its challenges and opportunities. And I wondered whether that changes your view in any way on PayPal. Well, you know, first of all, congratulations be 90. I will tell you, sir, that I think PayPal is a hard stock, a hard company to fix. It's been this price earnings multiple has been going down, down, down, because frankly, it's just not that good a company. And I don't know if Enrique can fix it. And that's the problem. I'm sorry. Let's go to Jerry in Missouri. Jerry. Hey, Jim, thanks for taking my call. Delighted to have you on the show. How can I help? Jim, last summer you recommended this company. I bought a position. The analyst liked it. You wrote about it in your book. It went way up, but now it's way down over 50% from its all time highs. It's a wild trader. Do you still like Reddit? Very much. I was surprised. I was telling my colleague Ben Stoeder, yes, I said, have you seen where Reddit's going down? That's nuts. Steve Huffman's doing a really good job. It's a terrific product. Everybody I know has their own site that they constantly check on. And I think that Reddit is a solid buy and Huffman ought to come on and he's doing a terrific job. All right, listen to me. The only reasonable thing that you can expect right now with this tape is chaos. That's why it's okay to do this. Don't feel bad about it. Just don't make any big market decisions. There's no gun to your head. Sit on your hands on Man Money Tonight. The S&P 500 is getting some new members in a couple of weeks as part of its regular reshuffling. I'm sitting down with one of them. Don't miss my exclusive with a really great company called Coherent. Then Medtronics finally completed its spin off of its diabetes business. So where does the stock stand now? Without that, I'm taking the pulse of the company and here's one that we've liked since the teens. Celsius shot up after earnings, only to fall alongside the rest of the consumer stocks over the past week. I'm getting the full story from the company's top brands and I bet you I'm going to like what I hear. So stay with Kramer. 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 we believe in starting with your financial goals, not a formula. At Oppenheimer we put the full strength of our long standing expertise to work understanding your life and your ambitions and designing the precise strategies that build and protect your wealth. With confidence across this generation and the next, put the power of Oppenheimer thinking to work for you. Wealth Management Capital Markets Investment Banking before we had ATT business wireless coverage, our delivery GPS wasn't the most reliable. Once our driver had to do a 14 point turn to get back on route. A 14 point turn. An influencer even livestream the whole thing. Not good for business. Now with AT&T business Wireless, routes are updating on the fly and deliveries are on time. And the influencer did get us 53 new followers though. AT&T business wireless connecting changes everything. When you need to send the perfect rose bouquet, only one brand can say they've been the floral authority for 50 years. 1-800-Flowers. Why should you trust 1-800-Flowers? They hand select every stem to ensure top quality and with nationwide delivery, smiles and satisfaction are 100% guaranteed. And right now when you order a dozen multicolored roses, we'll double it at no extra cost. Don't miss out on this limited time offer. Order today at 1800-flowers.com/sxm. That's 1-800-flowers comm/sxm. Last night I mentioned the four new stocks that are joining the SB 500 later this month, including Coherent. That's an optical networking play. With a stock that's up more than 40% year to date, this thing's been red hot because it's data center play. We're talking about clusters full of advanced chips and they all need to connect to each other. The most efficient way to do that is with optical equipment, including the hardware from Coherent. When these guys reported their most recent quarter in early February, they blew away the numbers with bookings extending well into next year. Then just last week in video cemented the story. They're investing $2 billion into Coherent as part of a broader push into advanced optical technologies. Now look, my only fear is this one's come up too far too fast. But then again, there could be a multi year move ahead for them. So let's take a closer look with Jim Anderson, old hand CEO of Coherent Color. More. Mr. Anderson, welcome to Money. Thank you, Jim. Thanks for having me. So Jim. All right, well, we got to do coherent 101 because I think a lot of people say, okay, there's just too many data center eyes glaze over and they can't let that happen. We're not a household name, right? Not yet. Not yet. So Jim, you can think about Coherent as we're a global leader in photonics and what photonics is. So you mentioned the data center. In the data center, what photonics is all about is it's really simple. It's about transmitting information using light. And so that's everything that we do in data center summed up. And we can't use copper. It's not fast enough. It's not you can. But in the data center, here's why you see more and more of the connections being made using light. And the reason is because there's tremendous growth of the amount of data flowing through these data centers. And as you crank up the data rate and you crank up the bandwidth, as you're trying to transmit more and more information, the most power efficient, fastest way to transmit that data is using light. And so what we've seen is a move away from copper towards optical photonic connections over time. And that transformation can continues. Now, is that what brought Nvidia to invest in you? Yeah, so that's exactly right. So our partnership with Nvidia is around continuing to innovate on new data center architectures. But really what we're bringing to the table is that photonics expertise. It's that expertise of how do you transmit information at super high bandwidth Using light, which is very power efficient. And so that's what we're bringing to, to the table. In that Nvidia partner, they also gave a $2 billion investment. You know, I guess what you have to consider a competitor, right? Really, we consider them a partner. They're actually, yeah, they're actually a customer of ours and they're a supplier to us. So I would call it co op incestuous in that data center. It's, it's a complicated world. Right, right. So, and I think, look, I think the investment is good for both companies. I think both companies will do well. I think when you look at Coherent, we were really pleased with not just the $2 billion investment, but we were especially pleased with the long term supply agreement. Right. So the long term supply agreement with Nvidia, it stretches out to the end of the decade. It's multiple products and it's multibillion dollar. And so that is a step, function expansion in our partnership with Nvidia. Nvidia has been a customer of ours for over 20 years. So this is a big expansion of that partnership. Well, I'm going to ask you something. I've been out front saying that when video gives money, invests money, that's because Nvidia wants to make money and wants to have a great relationship. There's always people who are very critical and say, no, that's Nvidia giving money to Jim and he's giving it back. Could you explain to people how wrong that is? That is wrong. What Nvidia has done is they've invested 2 billion in coherence and they bought stock. Stock. And they bought stock. And so now they're a shareholder. They're one of my larger shareholders in the company. But on the second part of the agreement, the partnership is they're now going to be buying product from Coherent. Right. So it's a supply agreement. And what's good for Nvidia is they get that security of supply. Right. So it's really good for both companies and that really matters because there are certain things that are particular to you. Indium phosphide. Now, I've got to tell you, I'm not pretender. I don't know what that is. Other than that it's hard to get and hard to deal with. But you guys have an expertise. Yeah, we've been making indium phosphide products for over 20 years. And indium phosphide is really the key material that goes into the lasers which create the light in the fiber optic cables of the data center network. Right. So it's basically the light source. Very difficult to design and manufacture at high quality level. So we're one of the very few companies that have this capability. And so this was one of the key, the key things that we were bringing to the Nvidia partnership. Now it's more than that. They're using more than just our lasers. We have a broad range of products, but that's definitely a key capability. And this is something that we've been investing heavily in. If you look at our indium phosphide capacity, we're doubling that year over year. And we're building the world's. We have the world's most advanced production facility. And where is that? That's Sherman, Texas location, isn't that. So, Jim, this factors into the partnership as well because Nvidia loved the fact that it was U.S. manufacturing. So they're investing in U.S. manufacturing. That's a great facility. It's leading the industry with the first 6 inch indium phosphide production. And we're investing in growing the capacity. So Jim, why, why do people say that we can't make stuff that has to be in Taiwan, that we don't have the engineers? I mean, here you are, Sherman, Texas is a. That is absolutely true. Look, we were founded as a US manufacturing company over 50 years ago. We were founded in Saxonburg, Pennsylvania. We still have a manufacturer. I saw that you're still place in Saxon. That's our headquarters. But we have over 20 manufacturing facilities in the US across 13 different states. And we are investing, we're investing in US manufacturing and some of the most critical technology that, that we deliver to the data center, to the telecom network, to industrial applications is made right here in the U.S. so tell me, just beyond the data center, there are other things you guys do. I mean, we've spoken on the data center. But you have other businesses that are really good. We do, and we love the other businesses. It's just we hardly ever get asked about them. But the other businesses are telecommunications. So we make all sorts of optical components. I think that's because we know from Corning, that's a great company. Corning, right. So another big part of our business is industrials. That's about 30% of our revenue. So we make industrial lasers. So we use photonics for lasers. I used to make fun of that because I always said it was like bond your venison. Oh my God, it's James Bonding, Goldfinger. Yeah, I agree. But industrial lasers get used in all sorts of applications, James Bond movies but also medical applications. Applications, semicap equipment. Actually that's where we're starting to see some growth. Pickup is lasers are used all in all over the manufacturing for semiconductors and so we're seeing nice pickup in growth there. So yeah, really broad range of. No, it's just. It's a very good story. Obviously it's moved up a lot but if things go your way, obviously this is. Once you get things rolling in your industry like Lisa sue, go three, six or of course Jensen, it doesn't stop people thinking it has to stop. But not if business is good. Well, look, I think the company has never been this well positioned as it is today. Totally agree. Okay, that's Jim Anderson from Coherent. Now you got a cohr. They do have lots of stuff to learn about but I want you if you're going to buy it, try your best. I've tried and I'm making some headway and I want to thank Jim for making it so that it's more accessible. Everybody's back at to the break. Coming up with Medtronic spinning off part of its company is now the time to buy into the medical tech giant. Cramer's making his diagnosis next. It never happens at a good time. The pipe bursts at midnight. The heater quits on the coldest night. Suddenly you're overwhelmed. That's when HomeServe is here. For $4.99 a month, you're never alone. Just call their 247 hotline and a local pro is on the way. Trusted by millions, Homeserve delivers peace of mind when you need it most. For plans Starting at just $499 a month, go to homeserve.com that's homeserve.com not available everywhere. Most plans range between $4.99 to $11.99 a month. Your first year terms apply on covered repairs. Not every sale happens at the register. Before AT&T business Wireless, checking out customers on our mobile POS systems took too long. Basically a staring contest where everyone loses. It's crazy what people will say during an awkward silence. Now transactions are done before the silence takes hold. That means I can focus on the task at hand and make an extra sale or two. Sometimes I do miss the bonding time. Sometimes AT&T business wireless connecting changes everything. OnDeck is built to back small businesses like yours. Whether you're buying equipment, expanding your team or bridging cash flow gaps, Ondeck's loans up to $400,000, help make it happen fast. Rated A by the Better Business Bureau and earning thousands of five star Trustpilot reviews. OnDeck delivers funding you can count on. Apply in minutes@ondeck.com depending on certain loan attributes, your business loan may be issued by Ondeck or Celtic Bank. Ondeck does not lend in North Dakota. All loans an amount subject to lender approval. We spent the last week and a half focused on the war with Iran, and rightly so, but that means you may have overlooked some great individual stock stories. Even when the global economy is in chaos, I think it's worth trying to pick potential long term winners. Which brings me to Medtronic. Late last week this medical device Titan spun off its diabetes business as Mini Med, which began trading separately on Friday. Now you know I love a good corporate breakup story. This is a terrific way for big businesses to unlock more value because Wall street generally prefers smaller, more bite sized investments. Plus, the diabetes business has gotten pretty challenging thanks to the rise of GOP Dash 1s. So spinning us off makes I think the old Medtronic much more enticing. Even a decade ago when the standard of care for diabetes was continuous blood sugar monitors, this was a fiercely competitive space with Abbott Labs and Dexcom running circles around Medtronic. Eventually they came up with some serviceable options, but by then it hardly mattered because that's when the GOP Dash ones came along like Novo Nordis, ozempic and Eli Lilly's Mounjaro. These injections can help manage type 2 diabetes and also help you lose weight. Now, even before the GOP Dash once, Medtronic diabetes division had been flat to negative in growth, say from fiscal 2020 through fiscal 2023. It's one reason the stock peaked in September 2021 and then lost nearly 50% percent of its values are plummeted to its lows in October of 2023. In fairness to Medtronics diabetes business, it's been doing better in recent years, posting much better growth numbers. And the stock's done better too. Even if it's been stuck in a rut for the last 12 months. I'm thinking this is going to jar it out of the rut. Still, I think the diabetes unit was weighing on Metronic. Just look at how hard it was for these guys to sell the market on Minimat. Originally, when the IPO roadshow started two weeks ago, they were looking to sell 28 million shares of the minimum at 25 to $28 a share. In the end, they were able to sell at 28 million shares. Oh man, they had the price of the 20 to get the deal out the door. Then on Friday, Minimit opened down in 1905. Yeah, and it kept getting clobbered yesterday finished the session 18 bucks. 20 was clearly too high today. It may be better 1.8% but you know there's clearly not a lot of enthusiasm for this one. Of course last week would have been a bad time to price any ipo, but Medtronic was clearly determined to make this Mini Minute offering happen as soon as possible. And to be clear, Metronics not quite done with the business yet. See, Metronics still owns 90% of minimum. They said they plan to distribute these shares to shareholders by the end of the year. Hey, by the way, that's why Medtronic kept getting hit after the Mini Met ipo. Every time Minimum goes lower, Medtronic stock is worth less too. Until they finally do the distribution. Needless to say, I'm not interested in Mini Met at all. Thanks to the G1 diabetes no longer growth business. But I absolutely think that a slimmed down Medtronic, well that could be worth something. With the spin off of the diabetes division, Medtronic can now focus on its three remaining business, Cardiovascular neuroscience and medical surgical. All these businesses are much larger than the diabetes division was. Vast total addressable markets. They're growing either high single digits or mid single digits. Just I'd like that mid single to go higher. But bear with me here. Let's take these units one by one. Cardiovascular division, which is the largest division and the one that's doing best right now. After posting 6.3% organic growth in fiscal year 2025 which ended April last year, the cardio business has posted organic growth of 7%, 9.3% and 10.6% in the last three quarters. Going in the right direction in other words, Medtronics largest business unit has been accelerated revenue growth arg. Even as a mature business. That's fueled by the strength in their cardiac rhythm and heart failure subdivision which had 17% organic growth in the most recent quarter. They have terrific technology for minimally invasive heart procedures. Medtronic is real leadership here, which is why every part of the cardiovascular business is in growth mode. Peripheral peripheral vascular health is up high single digits, Cardiac rhythm management, cardiac surgery and coronary and renal denervation are up mid single digits and structural heart is the laggard of the cardio unit. But even that was up low single digits in the latest quarter. Now Medtronics next largest division is. This one bothers me because I think you can do much better than still, it's neuroscience. At a 5.2% organic growth in fiscal 2025. It's been decelerating in the growth rate this year from 2.5 to 4% growth in each of the last three quarters. I don't like that. There are still some areas of strength here. Cranial and spinal technologies growing a 9% clip United States with correspond business of missing digits. In February, Medtronic also got FDA approval for a new product, an AI driven platform that helps perform robot assisted spinal surgeries. My hope is that with many med gone maybe they can focus on making the neuroscience division much stronger. That can be a very fast growing business. Finally, there's the medical surgical unit. This probably has the most upside. This business had flattish growth in fiscal 2025, but it's done a bit better of late, averaging 2.1% organic growth for the last three quarters here. Medtronics endoscopy business was up 10% in the most recent quarter with their acute care monitoring unit putting up high single digit unit growth. While the surgery subsequent has been holding back this division's overall numbers. There you go. Robotic assisted surgery just had its first installation United States last month. Over time that platform could turn things around. I think that could be a huge business and be like intuitive surgical. That's how good it could be. Now take a step back. I like Medtronic because the company is solid growth. It's extremely profitable. And if you're worried about Iran torpedoing the global economy listings recession proof. For their fiscal 2026 which ends next month, Metronics expect to put up nearly 5% organic growth as well as 5.6% earnings growth. But for next year, Medtronics already guiding for accelerating revenue growth and high single digit earnings growth. I think that kind of growth profile could attract lots of investors in this newly volatile environment. Same time the stock's cheap. It's trading 16 times this year's earnings estimates, less than 15 times next year's numbers. That's way low and not only that, but it yields 3.2% current level. This is a really good story. Here's the bottom line now. The Medtronic has taken their diabetes division public and plans to distribute the remaining shares to its investors sometime this year. I am much more bullish on the stock than I have been in ages. With diabetes gone, Medtronic can focus on its already solid core businesses. At these levels, I think the stock's simply too cheap to ignore. In a different kind of market, I might be hesitant to recommend this one. But we're definitely looking at economics slowdown because of the war with Iran, higher gasoline prices if not an outright recession. That's the kind of backdrop where the medical device stocks tend to become irresistible to Wall Street. I want to take some calls. Let's go to Carter in Tennessee. Carter. Jim, with the Medicare Advantage rates about 3 get renegotiated here in a couple of weeks, do you think now is a good time to start a position in unh? Well, look, I'm not going to analogize directly because I know they're different companies, but when I saw what happened to Centene, which you know is a very good company today, it just took my breath away. Centene down $7 and I'm just afraid that this thing is just too topsy turvy. Could that happen? UnitedHealth? Look, when you're in Medicare, Medicaid, the answer is yes. And that does worry me. I'm going to say no to UNH Even though they've got that great optimum vision, do so many good things. I don't want to touch it. Let's go to Dave in Texas. Dave? Yes. How are you Jim? I am good, Dave. How you doing? All right. The reason I called is Berkshire Hathaway. I notice that they don't seem to be participating in the recent rally relative to oil stock yet they have a huge investment in Occidental Petroleum and a substantial investment in Chevron. Are people missing that? I think that they're trying to get their arms around the fact that Warren Buffett's no longer running. And I have to tell you I think it's a good company. But there was a Warren Buffett premium in it that is now gone. And that's what's happening. Even though you're absolutely right, they have also good pipelines. It just doesn't seem to matter to this market. Now I'm more bullish on Medtronic than I have been in ages. I think at these levels it's become too cheap to ignore. Much more may have money ahead, including my exclusive was Celsius. What's ahead for the energy drink maker in turbulence space for consumer stocks? I'm hearing from the CEO Ben. I have a suggestion for the private credit companies. If their loans are as good as they say they are. I'm telling you what it is. An oil calls rapid fire. Tonight's system for lightning round. So stay with creeper. Recently got this terrific quarter from Celsius holdings, the energy drink bank which reported 170% sales growth, huge earnings be in response the stock jumped justifiably 7% and that was on top of a 74% gain last year. But this was before the war with Iran broke out, causing energy prices to surge, which in turn crushed all sorts of consumer stocks, Celsius included. Stock fell 20% last week. In other words, I think you're getting that spectacular quarter for free. Now, could this be the buying opportunity we've been looking for? Let's check in with John Field. He's the well caffeinated chairman CEO of Celsius. Always find out. Glad to be here. Just bringing the energy. Well, yeah, I want you to bring that. But before we get started in talking about where you guys are, I want to know, and it's important, John, are we now set with your relationship with PepsiCo? No more changes where like we know exactly the moving parts are finished? Yeah, Jim. I mean when you look coming off the heels of 2025, we've really restructured this organization. Our portfolio. We went from a singular brand since last time we were here to a portfolio of mega brands. We'll dive into that with Celsius, Alani and Rockstar. And we're the category captain of the energy category for Pepsi. That further strengthens our capabilities. We're strategically tied in managing priority periods and we're leveraging them for the best in class distribution and execution out there. So we further enhance this and also the capabilities in the organization. I am struck by what you've done with a Lonnie New. I mean, whether it be the cherry bomb, which I guess is done, we can't even get it Cherry bomb or whether it's the growth that you've been able to turbocharger. What made this thing become the juggernaut in the industry? Yeah, it's phenomenal. We transitioned over to the Pepsi distribution network December 1st with a Lonnie brought in Cherry Bomb and now we're launching Lime slush right now in retailers. Jim, this, we're expanding the category. You look at this powerhouse portfolio, Celsius fitness lifestyle brand. We're bringing incrementality. Male, female, 50, 50. You got a Lonnie, a female focused brand that's inviting and approachable with really fun and great flavors and profiles. So we're really capturing a new segment, new consumer within the energy category. And females are coming into the category more than ever before and increasing their consumption. And we're really capturing it with our total portfolio approach. Well, it sounds like the family of brands is now popular at Wal Mart, at Target, at 7:11, Dollar General. What kind of shell space are you getting now? We're excited. This year we're getting anticipate 17% growth in Celsius. That's more space gains. And Aulani is going to get over 100% distribution gains this year. We're right in the middle of reset, so resets are starting. They'll take place towards the end of spring. By the time getting to summer will be fully reset. But we're expected to get a lot of distribution gains here, which we're excited about. And also the biggest opportunity is the convenience channel. And both Celsius and Alani have been outgrowing the category growth rate. And convenience, which is still 60% of the energy drink category. How about Rock Star? I bet you you can energize that. I mean, that's a big convenience store. We always see it there. And yet I was surprised how little growth it has right now. John Fieldy has not come. Has not been able to get that one going yet, has he? We're just getting started with it. We have some great marketing. We know that how to connect with consumers in a cultural way, in an emotional way. We're going to bring back Rockstar. Lots of opportunities there. That's that core male consumer which you look at Celsius and Aulani really hasn't really resonated well. But that's that. That's the big opportunity. It's over 50% of the category as well. And it goes head to head with some of those larger brands in the category. You know, John, I've been thinking, you're the first person that has come out at my restaurant that I used to own. We went from being a cocktail place to being a mocktail place. 5050. You're the first person that's come out and said, you know what mocktails are for real and they're growing. That they're not just a passing phase, right? Yeah. What we're seeing in the energy category, over 30% of consumers that are consuming energy drinks in social occasions. And we know what's happening with beer and liquor sales. They're supplementing that. Energy is perfect for it. And our portfolio is perfect for it. When you look at right here, I have a pink lemonade ready for summer. We have talk about some of the other cherry Bond flavors. We have dirty Alani flavors and mocktails written up that are doing extremely well in bars and restaurants as consumers are looking for alternative choices and spanning social occasions. We're also seeing consumption of energy drinks and with meals, breakfast and at lunch. So really seeing really the energy is becoming part of daily lifestyle, daily routine, which we've talked about on several times last time we were on the show. So we're capitalizing on that as more occasions are coming within this category. Well, we are used triggers of your product in our office and I found out that some of us like Fizz Free. I don't know what that would possibly be like, but apparently it's okay. That's phenomenal. That's our big push this quarter with Celsius Fizz Free getting ready for summer. That's a big segment within, you know, the energy category. That's really been untapped. And our Celsius Fizz Free line tastes phenomenal and is really refreshing for this summer. So I want people to understand that this is a story. I'm taking this phrase from you. More people, more places. More of it. More people, more places, more often. That's our core strategy. You look at the portfolio, you look at the distribution gains, you look at the consumption occasions. And then we're going global. We're taking over the world. This. This week we announced expansion into Spain. I had a team down in Australia kicking off the F1 inauguration in the first race of the year. We've expanded internationally. We're investing in resources as well and talent and capabilities within this organization and we're excited about this opportunity we see. Do any of the Aulani new people, did they stay on? Because boy, I got to tell you, they must be working well with you. They did. They have. We have a variety of those key partners and key strategic team members stayed on. Where we see synergies and opportunities is with our sales organization, Field Marketing the back end as well. But we've taken a lot on as we further integrate. There's a lot of work here. We've been hired over 200 staff members in the first quarter of this year. So really excited. We're going big. We see the opportunity, we're capitalizing, we're building the infrastructure and we're here to execute. Wow. I got to tell you what a break people are getting. Get a chance to get in after that amazing quarter. That's one of the best quarters of the year. John really was with best quarters a year phenomenal. And year end year 2.5 billion in revenue, 620 in EBITDA. Phenomenal results all around. Couldn't agree more. I want to thank John Field, the chairman and CEO of Celsius Holdings. This is the right stock to own if you're going to own the packaged good company stocks. Thank you John, thank you. Cheers. Man's back here. Coming up, you've got questions. Kramer's got the answers. Get charged up for a fast fire lightning round next. It is time it's out of the way. While you playing the sound and then the lighting round is over. Are you ready, Ski? Dad, don't worry. When we come to the mic, let's start with Chip, Mississippi. Chip. Hey, Jim, how you doing, buddy? I'm doing well, how about you? I'm doing great. Hey, look, I'm up about 80% in EOG. I've had it for about four years and I'm just trying to figure out it's. Do you think that's an own. It don't trade stocks. No, I think that it's still because it's honestly because it's oil and gas. You got to trim. I want you to sell half. I want you to sell half and you do that tomorrow. Sorry, Apple just. I went, you know, I hit it a couple times and it's SOS time, you know. Oh, here we go. We got someone who's in the SOS world. Let's go to Craig in California. Craig. Hey Jim, if I can get your thoughts on American Express, please. Yes, yes. Now people have the long knives out for American express. This is 303. It's all the way down from 387. And I'm going to tell you what I would do. Go against the sellers. I think American Express is a great company. I would buy some right here and then leave some room. Buy some at 290 and then get longer if it gets to 280. That's the way I play it. Let's go to Jay, Nevada J. Hey Jim, how's it going? Not bad. How about you? Good. Long time club member. Excellent, excellent. I ran into this stock last summer and picked up a half a position added to it in November. It's done pretty good for me. It's a infrastructure services play. It just got downgraded today, unfortunately. Ticker symbol primarily. Oh, that's a good company. Who would take. Well, look, I think that someone might want to downgrade it because it's up so much but not because it's a bad company. I want you to stay long that company. I think it's good. I want to go to Sam in Pennsylvania. Sam, Jim, got an interesting one for you. This is a chemical company based in the Netherlands. We're looking at Leyndell Basel. Company's the largest. Oh my, what a home run right here because of polyethylene you're in a good one. I'm gonna give you a twofer. I'm gonna throw in Dal. Those are the two that are working. I say good move, sir. Let's go to Romeo in New Jersey. Romeo, where art thou? Hey, Jim. Booyah. I'm calling about a golden nugget that you gave me last year. It's called psix. Oh, we like that pumping. We like that engine. What the hell is that doing down? It's. It's down. It's been cut in half. That's crazy. They're doing very well. I have to call Ben Stodo and we're gonna have to do a workup on that one. I'm not letting that one just go one off like that. Let's do work. Okay, I need to go to Dave in Illinois. Dave. Dr. Kramer, congratulations. Later on in the week on completing your 20th season of Mad Money with Jim Cramer and starting your 21st. There you go. Absolutely true. About to change the graphic at the beginning of the show. I'll get on that immediately. I do that too. I do it on my iPad. What's happening, Jim? This 20 billion dollar Cayman island headquartered company shares space with Marvell in high speed ethernet connectivity solutions for computers, servers, routers and the like. Last December, you declared them a winner, but cautioned investors about customer concentration and insider trading. So, Jim, is Credo Technology Group still a winner? I think it is. I just like the others better, Dave. And you know, when I speak that way, you know that I like there's like, you know, lots of stuff within the data center, including Marvell, that I think is better than credo. But thank you so much. And yes, we're almost done. The 20th and that. Ladies and gentlemen, the conclusion of the Lightning round. The Lightning Round is sponsored by Charles Schwab. Coming up, as we wrap up another busy day, Kramer has some final thoughts. Don't miss his no huddle. Next, Viewers worried about the these private credit firms, as I am. You can now put your money where your mouth is. At least if you're a big customer of Goldman Sachs. They're putting together a product that lets you bet against baskets of private loans that are very similar to what these firms own. Now, this kind of product is very risky. Sure, you may look at these portfolios of these places, say, I can't believe they own that junk. But the situation is a little more fluid than you might think. I'm not saying that I'm buying some Blue Al stock, but I am tempted to buy some Blackstone because When they open the gates and more people want it out then expected employees put up their own money to meet the redemptions. That's a real class act. I don't like private credit because I think your upside is pretty capped and your downside can be used if a company defaults. There are safer places to get income. But betting against these funds. First of all, why would you ever bet against a pile of loans? What makes you think that their loans are all going to go bad? The prevailing wisdom says that these firms have loaned a lot of money to heavily indebted software companies that will be crushed by AI. The pessimists think it's so bad that it could do real damage to these private companies credit funds themselves. It might be a vicious cycle down for these bonds when scared investors take every chance they can get to take their money out, sending the bonds still lower, maybe below what they're worth. It's not that easy though. Let me give an example of what Goldman Sachs might be shorty right now. Some of these funds have issued loans to a company called Zendesk, which is an enterprise software company. Went private for $10.2 billion in 2022. Zendesk helped automate the call center, making employees more efficient. It would be natural to bet against Zendesk. Right, Because I can do it better. We all know that you figured the bonds have to be trading down either because of potential competition or because who even need a call center software when I makes these jobs redundant? But if you go to the Zendesk site, you'll know that they've gone already. All in AI. They didn't sit still. In fact, when I checked, many of these enterprise software companies are supposed to be dead meat. They too are adjusting rapidly in the new world, so it might not be easy to short. Keep in mind, shorting debt is much harder than shorting stock. Things that you go really bad before. Yes. Any impact on the creditors? Still, if this paper is so terrific, why don't these private credit firms just sell some of it? If they need to redeem in order to be able to please exiting shareholders, why not raise cash? If the stuff is as good as you claim, it would be worth it if the loans were sold even at a discount to par. See 95. I have to tell you, I really don't understand why any of these firms are troubled. If the loans are as good as they say they are, there's always a buyer, some price. My advice to these credit firms. You don't want anyone betting against you, take action when I had Lloyd Blankfein, former CEO of Goldman Sachs, on the show to talk about his excellent new book Streetwise. He was adamant that these firms should be selling slugs of bonds in order to demonstrate to the marketplace that the paper is good. Blue House sold some of its loan at Almost Poor to raise money to meet redemptions. It was a novel way to return capital. You see, it didn't impress Wall street as the stocks kept coming down because the marketplace wants to see true redemptions, not some novelty payback. In this difficult environment, you need to be able to meet redemptions from people who want out. That's plain and simple. That's how you demonstrate that your portfolio is a good one. The goal for a firm like Black Blue Al is to not get dead, as Blank by says in the book about a troubling period for investment houses. Selling some of these Zendesk bonds and others like them would take the get debt off the table. I wouldn't advise shorting the portfolio Blue Al, and that's among the highest risk of the firms. I wouldn't buy the stock of the company either. But if these portfolios are as good as Blue House says, then they can just sell some loans and meet the redemptions. Problem solved. Of course, if the loans aren't any good, well then all bets are off. But it's time for the Blue Owls of the world to put their money where their mouth is themselves and prove the pessimists wrong. If they can't raise some money to meet their traditional redemptions, then I don't blame anyone for betting against them. Even I wouldn't take the risk myself. I'd like to say the toys of bull market somewhere and I try to find it just for you right here on Mad Money. I'm Jim Cramer. See you tomorrow. All opinions expressed by Jim Cramer on this podcast are solely Kramer's opinions and do not reflect the opinions of CNBC or its 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 Kramer 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 Snoring, gasping during sleep? Feeling fatigued? Wake up to zepbound Tirzepatide the first and only FDA approved prescription medicine for moderate to severe obstructive sleep apnea in adults with obesity. Zepbound is an injectable prescription medicine that may help help adults with moderate to severe obstructive sleep apnea and obesity to improve their osa. Zebound should be used with a reduced calorie diet and increased physical activity. Zepbound is Approved as a 2.5, 5, 7.5, 10, 12.5 or 15mg injection. Zepbound contains Tirzepatide and should not be used with other Tirzepatide containing products or any GLP1 receptor agonist medicines. It is not known if Zetbound is safe and effective for use in children. Do not share needles or pen or reuse needles. Don't take Zeb bound if allergic to it or if you or someone in your family had medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2. Tell your doctor if you get a lump or swelling in your neck. Stop Zepbound and call your doctor if you have severe stomach pain or a serious allergic reaction. Severe side effects may include inflamed pancreas or gallbladder problems. Tell your doctor if you experience vision changes, depression or suicidal thoughts before scheduled procedures with anesthesia. If you're nursing pregnant, plan to be or taking birth control pills. Taking Zepbound with a sulfonylurea or insulin may cause low blood sugar. Side effects include nausea, diarrhea and vomiting, which can cause dehydration and worsen kidney problems. Talk to your doctor, call 1-800-545-5979 or visit zepbound.lilly.com Zepbound and its delivery device base and QuickPen are registered trademarks, owned or licensed by Eli Lilly and Company. Its subsidiaries or affiliates.