Mad Money w/ Jim Cramer 3/12/25

Summary

Mad Money w/ Jim Cramer – Episode Summary (March 12, 2025)

Hosted by CNBC’s Jim Cramer, “Mad Money” delves deep into the complexities of Wall Street, offering listeners insightful analysis, actionable investment advice, and engaging discussions with industry experts. In the March 12, 2025 episode, Cramer navigates through the turbulent landscape shaped by trade tariffs, spotlights promising stock opportunities, interviews Matthew Prince of Cloudflare, and engages with callers during the iconic Lightning Round.

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1. Trade Tariffs and Market Dynamics

Jim Cramer opens the episode with a compelling analysis of the ongoing trade tariffs implemented by President Trump. He proposes a contrarian view, suggesting that the market might benefit from the culmination of tariffs as retaliatory measures from trading partners reach their peak.

• Cramer on Tariffs Impact ([02:15]):
  “When everything's finally got tariffs on it, I think the market will be up a great deal because the last few of our trading partners buy anything from us anyway, so they can't really retaliate.”

Cramer discusses the initial negative perceptions surrounding Trump's trade policies, emphasizing that reciprocal tariffs may not significantly harm the U.S. economy due to the limited scope of American exports. He highlights a key point:

• Cramer on Free Trade Gospel ([03:22]):
  “I've never been a true believer in the gospel of free trade. You know that our trading partners are always trying to get over on us, so I got zero objections to get one over on them.”

Despite the administration's aggressive stance, Cramer believes that the Federal Reserve's potential to cut interest rates, combined with the tech sector's resilience, could stabilize and even boost the market. He counters the prevalent fear of a recession driven by tariffs, arguing that the U.S.'s service-oriented economy is less susceptible to such downturns.

• Cramer on Recession Risks ([05:10]):
  “We're most likely not going to get into a serious recession because the Fed can take action to prevent that. And even if the Fed does nothing, the market can recover once all this tariff stuff is behind us.”

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2. Stock Market Insights and Sector Analysis

Cramer transitions into a detailed exploration of various market sectors, identifying key players poised for growth despite recent volatility.

a. Travel and Airlines

The travel sector has faced significant downturns, with major airlines like Delta, American, Southwest, and United experiencing stock declines. Cramer views this as an opportunity for savvy investors.

• Cramer on Delta Airlines ([07:05]):
  “Delta CEO Ed Bastian believes the recent softness in domestic demand is transitory. Lower fuel costs could benefit the airline, and Delta's revised revenue growth forecast from 8% to 4% isn't alarming if the economy remains stable.”

Despite earnings outlook reductions, Cramer remains bullish on United Airlines, highlighting its efficiency and the stock’s attractive valuation:

• Cramer on United Airlines ([07:50]):
  “With the stock down almost 38% from its January highs, now trading at less than six times this year's earnings estimates, United presents a fantastic buying opportunity.”

b. Cruise Lines

The cruise industry, represented by Royal Caribbean, has also seen substantial stock drops. Cramer shares his optimism based on CEO Jason Liberty’s remarks about consistent on-ship spending and limited new ship supply, which could bolster pricing power.

• Cramer on Royal Caribbean ([09:20]):
  “Royal Caribbean’s stock, down 25% from its recent high, now sells at a very reasonable 14 times earnings, making it an attractive buy.”

c. Tech and Airbnb

Highlighting the tech sector's dominance, Cramer points to companies like Airbnb as disruptors in their industries. Despite a recent pullback, Airbnb remains a strong candidate due to its solid business model and market position.

• Cramer on Airbnb ([10:30]):
  “Airbnb is a true disruptor and a long-term secular winner. With its stock only up about $15 from its 52-week low, it's a prime candidate for buying in weakness.”

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3. Interview with Matthew Prince, CEO of Cloudflare

A standout segment of the episode features an in-depth interview with Matthew Prince, the CEO of Cloudflare. The discussion centers on Cloudflare’s pivotal role in the evolving landscape of artificial intelligence (AI) and cybersecurity.

Key Topics Discussed:

• Cloudflare’s AI Integration ([30:05]):
  Prince elaborates on Cloudflare’s strategy to position itself within the AI infrastructure space. By integrating AI model inference directly within their network, Cloudflare ensures low-latency processing close to end-users.

  • Prince on AI Models ([32:00]):
    “We believe the next best place to run large AI models isn't back at major data centers but right within our network, as close as possible to the user.”

• Cybersecurity Solutions ([32:51]):
  Highlighting their robust security measures, Prince explains how Cloudflare protects enterprises from sophisticated cyber threats in real-time.

  • Prince on Cybersecurity ([33:10]):
    “We were able to onboard a large organization under attack in just a few hours, ensuring no hiccups across the internet. That’s the Cloudflare advantage.”

• Content Creator Protection ([34:31]):
  Addressing concerns over AI's use of original content, Prince discusses potential new business models where AI companies compensate content creators.

  • Prince on Content Licensing ([35:14]):
    “There’s going to be a new business model to ensure original content creators are compensated for their work being used in AI systems.”

• Leadership and Growth ([35:32]):
  Prince emphasizes the strategic growth and leadership team enhancements at Cloudflare, positioning the company for long-term success.

  • Prince on Leadership ([36:08]):
    “Our mission to build a better internet has attracted top-tier leaders who see the immense growth opportunity ahead.”

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4. Lightning Round: Buy, Sell, Hold Opinions

In the high-energy Lightning Round, Cramer takes calls from listeners seeking his take on various stocks. Highlighting his expertise, he provides succinct advice on a range of investment opportunities.

Notable Exchanges:

• Caller Tom on A.J. Gallagher ([38:40]):
  Tom: “I've had a position in A.J. Gallagher since December 2008. It’s up about 15 times. Do you think Gallagher is still worth holding?”
  Cramer: “Oh my God, yes. That is just a solid company. It should have been doing stuff like quietly going up.”

• Caller Dana on [Company Ticker FUVOFUGO] ([41:25]):
  Dana: “I use software daily to tune into your show. What are your thoughts on ticker FUVOFUGO?”
  Cramer: “I don't like stocks of companies that just do nothing but seem to lose money. So I have to say, nix it.”

• Caller Patrick on Sports Betting Stocks ([40:50]):
  Patrick: “What are your thoughts on the sports betting stocks Flutter and DraftKings?”
  Cramer: “Flutter is the biggest winner with 43% market share in the U.S. and DraftKings is a solid option. Both are worth buying on weakness.”

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5. Technical Analysis: Tesla Turnaround

Wrapping up the episode, Cramer collaborates with legendary technician Larry Williams to analyze Tesla’s stock performance. Their joint analysis suggests that Tesla has reached undervalued territory, potentially setting the stage for a significant rally.

• Cramer on Tesla’s Potential ([42:34]):
  “Larry's proprietary valuation model shows Tesla has finally reached undervalued territory. When stocks come down to these levels, it typically attracts real buyers, leading to a big bounce.”

• Williams’ Insights ([43:10]):
  Williams emphasizes Tesla’s seasonal patterns and professional accumulation, indicating strong future performance based on historical trends.

• Cramer's Conclusion ([45:00]):
  “If you believe in Larry Williams and his track record, this is a gentleman. Start your electric engines moment for Tesla.”

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Conclusion

In this episode of "Mad Money," Jim Cramer provides a comprehensive analysis of current market conditions influenced by trade tariffs, identifies lucrative stock opportunities in the travel and tech sectors, engages in a forward-thinking discussion with Cloudflare’s CEO, and delivers expert advice during the Lightning Round. The episode concludes with an optimistic technical outlook on Tesla, encouraging listeners to consider strategic investment moves based on detailed market insights.

Notable Quotes:

• Jim Cramer on Trade Tariffs ([02:15]):
  “When everything's finally got tariffs on it, I think the market will be up a great deal because the last few of our trading partners buy anything from us anyway, so they can't really retaliate.”

• Cramer on Federal Reserve and CPI ([05:10]):
  “The softer consumer price index means the Federal Reserve has room to cut interest rates, which could be good for the market.”

• Matthew Prince on AI and Cybersecurity ([32:00]):
  “We have become one of the default places to run those AI models, ensuring low-latency processing close to the user.”

• Cramer on Tesla’s Undervalued Position ([42:34]):
  “When stocks come down to these levels, it typically attracts real buyers, leading to a big bounce.”

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For more insights and real-time market updates, tune in to the next episode of “Mad Money” with Jim Cramer.

Transcript

[Jim Cramer]

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[Forrest]

My mission is simple to make you money. I'm here to level the playing field for all investors. There's always a bull market somewhere and I promise to help you find it. Mad Money starts now. Hey, I'm Kramer. Welcome to Mad Money. Welcome to Cramerica. I've been with my friends. I'm just trying to make a little money. My job is not just to entertain, but to educate, put in context. Call me 1-800-743- CNBC. Tweet me jim Cramer. Today, I'm going to try out a new theory. When everything's finally got tariffs on it, I think the market will be up a great deal because the last few of our trading partners buy anything from us anyway, so they can't really retaliate. Yep. I'm thinking it may be maybe starting to dawn on people that President Trump is trying to do the right thing on trade. It's just that he's poaching the issue with such rank or flippancy that it's gotten too nasty for the average American to understand. Now, though, as we adjust, bargains are being revealed being created by a trade war that few understand, which is how I think we had a decent day. Dow dipped 83 points, the S&P Vance.49%, and the Nasdaq gained 1.22%. The perception right now is that Trump's tariffs will drive us in recession because our trading partners will shut down American exports. Clubbing entire industries that we have, causing widespread layoffs. The reality sadly, is that we don't export enough stuff to truly be hurt by the reciprocal tariffs. It used to be a big deal when the Europeans slapped the tariff on Jack Dale's, which even though it's made in Tennessee, is owned by Brown Foreman, which is based in Kentucky. That was a big deal because when Kentucky's own center was a powerful majority leader, it meant something. Now it's a pathetic gambit because sales are going down for brown liquors anyway. In the Senate, majority leaders from South Dakota. Look, I've never been a true believer in the gospel of free trade. You know that our trading partners are always trying to get over on us, so I got zero objections to get one over on them. But the President's rolled out this policy ill advised way, creating a ridiculous amount of angst among our own people. Now there's this old fashioned notion that we could have new industrial smokestack plants coming here, or your goods, or we prohibitively taxed. All this could have been done, I think in a quiet way like what's up in Mexico where the President actually got what he wanted. And Mexico is tricky because they actually buy stuff from us. So the question is, can the market truly rally now that we've gotten used to these tariff induced nervous breakdowns, can we ignore them yet, since we aren't going to get anyone to open their markets to our goods anyway, and we are indeed largely a service economy, I don't think it could be all that easy. But I will say this. If the President were to patiently explain to the American people that other countries abuse us, dump their goods on us, and then show again dispassionately how shabbily we're treated, I do think the whole policy would be a lot more popular. Sadly, that doesn't seem to be the Trump way. So somehow this whole fight turns into building some aluminum plants here, even though they're bad for the environment, expensive to run, while our trading partners try to crush Brown Forman stock and doing a good job of it. Yes, I'm minimizing the actual tariff concerns here. But for decades our government sold out American people, American jobs so that we could get our hands on cheap stuff made overseas. That was the bargain. And to be fair, Americans love cheap stuff. Trump wants to reverse this dynamic, but he never explains it that way. Instead he makes it all personal, handles it in the most peculiar way. Hey, 25 this, 50 that. And it's driving people crazy, causing regular hardworking Americans to pull in their spending and worry about their jobs. And believe me, they are pulling in their spending rather quickly because the White House says it's needlessly frightened. Today though, we saw what happens when the President speech a little softer, carries a big stick rather than screaming loudly and clubbing the Canadians, who are generally pretty nice. Come to think of it, most Americans can't figure out what Canada did wrong. Now we thought the 51st Street, 51st State thing line, that was kind of funny initially. Nobody likes it anymore. Not a laugh line. Time to drop that. So let's go back to the stock market for a second. We had a lot of things go right today. First, the consumer price index came in softer than expected. Most of the components that were overheated are actually going down. By the way, that means the Federal Reserve has room to cut interest rates. Second, the Fed may have to cut because of all this hand wringing geopolitical stuff about trade, people aren't spending as much as they used to, which means most retailers are going to miss their earnings estimates or give a weak forecast. Bad for them. But more rate cuts will be good for the market as low. Third, it turns out the reason why we like tech is because we dominate in tech. And unlike else we make, the rest of the world can't do much about it. Although Europeans try to tax out our companies constantly. Trump's trying to stop that too, but everyone ignored it when it was announced. Now because of the smoke screen of of Canada's electricity surcharge, we forgot what we like. Companies that actually do dominate the world are tech companies and we started buying them again. Fourth, we're most likely not going to get into a serious recession because the Fed can take action to prevent that. And even if the Fed does nothing, the market can recover once all this tariff stuff is behind us. And it will be behind us at some point. So it looks like all the buying of those recession proof stocks has been going on. The JJ's, the Proctors, the Cloroxes seems to run its course. When those stocks ran, the industrials all got clocked. We see today that the inverse is true too. Money's falling right back into the stocks and do well in a decent economy. Now I know the President said I quote what I have done, but I'm sorry quote what I have to do is build a strong country. You can't really watch the stock market, end quote. Today's positive action implied that Wall street may be thinking maybe we don't have to watch the White House. Of course there were some stupid things that happened Today, the momentum meme stocks, the Palantirs, the App Lovens, and yes, sadly, the invidious all went hard. As did so many stocks and companies that make no money whatsoever. The ones that are just about nuclear energy or space or time travel, I don't know. Boy, it was great to see the air come out of some of those for the last couple of days. But they're back. The retail stocks, which are hostage to Rancor's talk about aluminum and rebar still cascading lower, though. And there's some a sense of manufactured unease here that's incredible versus a France, Germany, Spain, Sweden, Switzerland. Their stock markets are so far ahead of us that I'm getting embarrassed. The Europeans are running circles around us for the first time in 15 years. We should be ashamed of ourselves. Maybe we're too focused on rebar and aluminum cans. Oh, and can we please stop talking about William McKinley? I mean, put him on a new $200 bill. Forget about him, okay? Or talk about the guy to 10. He was the first pro tariff leader. This Trump really want to be the second coming of Alexander Hamlin. Kind of a cool guy, but, you know, didn't work out. Listen, I know we're not out of the tariff woods. The President won't let that happen, even though he could make a lot more progress by going about things quietly like he did with the great success that was Mexico. But I do know that nearly everyone on Wall street thought Trump would be a champion of American business. Now, I feel that only Elon Musk, the richest man in the world, is having any fun. Everyone else is just scared, not spending. Bottom line, in the end, we'll probably need Fed Chief Jay Powell to save us, even as that's probably the last thing he wants to do. Hey, let's go to Forrest in North Carolina. Forrest?

[Jim Cramer]

Yes. Hi, Jim.

[Forrest]

Forrest. What's going on? Everything's going well, man.

[Jim Cramer]

Just got off the golf course, and it's a beautiful day here in North Carolina. Tell you that.

[Forrest]

Hey, Dom Shoe's doing some great golf stuff today. A lot of people like golf. I got to get more into it, you know, I. Ben Stodo is our chief scientist and research worker. He's like the number one golfer in the whole world. Ah, Yeah.

[Jim Cramer]

I just recently retired.

[Forrest]

Just recently retired. I'm a lucky man. I get to play a lot.

[Jim Cramer]

Yeah. Yeah. So, been listening to you, watching you on TV since Kudlow and Kramer back.

[Forrest]

In the 90s, man. I lived in California. Holy cow.

[Jim Cramer]

Yeah.

[Forrest]

Which one of us went to work for the President.

[Jim Cramer]

So I was going to ask you about ExxonMobil.

[Forrest]

What do you think? It's got a decent Chevron better. I like Chevron better. You got Mike Wirth doing something. The stock hasn't moved nearly as much. ExxonMobil. And it's Chevron's time because that 4.4% yield. Hey, why don't we go out? Thank you for those comments. Let's go to Andy in Indiana. Andy, Booyah, Jim. How we doing? Booyah, Andy. Hey, longtime listener, first time caller, buddy. Oh, fantastic. Thanks for taking my call. I have stock. Oh, no problem, no problem. I have stock in Amazon and which I've had it. Since I've had it, it's been up. Hey, let me tell you to give a preview of tomorrow's show, I'm doing my 12 o'clock show for club members and I'm saying the Amazon is my favorite stock of what used to be the Mag 7 before they broke up that gang. This is the equival of Yul Brenner from the movie. I don't know if people remember Yule. He was so cool it's incredible. Only Steve McQueen was cooler. Okay, let's go to Chuck in North Carolina. Chuck, we got Jim. We are Chuck. Thanks for taking my call. Calling from Durham, North Carolina. Nice 80 plus degree, beautiful day. So beautiful Durham. I like Windsor. Sam too. Rose City. I know that stuff. What's up? Hey, I'm looking for growth dividend play. I have a small position in Verizon. I wonder what your views are. I want you to keep that position small because it's terrible. Sorry, it's true. I took a picture of a Verizon store this time posted on x. Verizon is not the stock. It's not the stock it used to be. ATT is the stock it used to be. But Verizon stock. Verizon switched with. ATT was like a man with two brains and now there's one brain. And the brain you want is att, not Verizon. All right, I think eventually I don't want this to happen. But Jay may have said chief pal may have to swoop in and save us. Even though I know that's not what he wants to hear. It's just that too many people got scared. Mad Money tonight. Travel level's been triumphant. But after pulling back this year, I'm sharing the stocks that I think could keep sailing and the names that might not be clear for takeoff. Then I'm seeing if the sell off in sports betting stocks can be worth gambling on and Cloudflare Symbol Net rang the closing bell today on the heels of its investor day. I'm digging into one of the greatest stocks that we've come across, so stay with Kramer.

[Jim Cramer]

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 Comcast business helps retailers become seamlessly restocking frictionless paying favorite shopping destinations. It's how nationwide restaurants become touchscreen ordering, quick serving eateries and how hospitals become the patient scanning data managing healthcare facilities that we all depend on. With leading networking and connectivity, advanced cybersecurity and expert partnership, Comcast Business is powering the engine of modern business powering possibilities. Restrictions apply. For 140 years MultiCare has been in Washington prioritizing long term solutions, partnering with local communities and expanding access to care. Together, we're building a healthier future. Learn [e-mail] Are you still quoting 30 year old movies? Have you said cool beans in the past 90 days? Do you think Discover isn't widely accepted? If this sounds like you, you're stuck in the past. Discover is accepted at 99% of places that take credit cards nationwide and every time you make a purchase with your card, you automatically earn cash back. Welcome to the now it pays to Discover. Learn [e-mail] credit card based on the February 2024 Nelson Report.

[Forrest]

After weeks of carnage, we finally get a decent session thanks larger to a cooler than expected consumer price index reading. But this is still an insanely volatile market as you know, as President Trump keeps ramping up the trade wars. Still at this point so many high quality stocks have come down so much they were bound to find some great buying opportunities. I've been highlighting my favorites all week and then I've got a few more. I'm going to start with the once beloved travel space, a group of quickly gone out of style in the Wall street fashion. Like like that. This was a. This was a true bull market. Now for those who haven't paying attention this week Delta Airlines slashed its first quarter earnings outlook citing quote, the recent reduction in consumer and corporate confidence caused by increased macro uncertainty which they say drove, quote, softness in domestic demand in recent weeks. Now for a long time Delta was the best of the airlines, so you really don't want to hear that kind of commentary for them. Now these guys cut their guidance ahead of an appearance at the JP Morgan Industrials conference on Tuesday and several other airlines immediately followed suit. American slashed its revenue outlook for the first quarter and guided for a much larger than expected loss. Southwest cut its revenue per available sheet mile forecast. United said it's expected numbers to come in at the lower end of its guidance. As a result, the airline stocks were eviscerated on Tuesday. But honestly, these names have already come down dramatically over the past few weeks. This makes them very interesting to me. After this week's bloodbath, you got a lot of down 35, 40%. So given all the newfound negativity, why on earth would I stick my neck out and recommend some cheap travel plays? Look as tough as these airlines, the updates were the collective news. Frankly, it wasn't that horrible. At least not if you listen closely. Let's start with Delta, which kicked things off with this guidance cut Monday night. Delta CEO Ed Bastian spoke with CNBC's Phil LeBeau on Closing Bell that night and explained that the domestic corporate and consumer spending quote started to stall in quote in February mostly due to lower consumer confidence. But he also said he believes this weakness is transitory. Plus a weaker economy isn't all bad for the airlines. I mean, I don't know. Here's a silver lining. You save a fortune on fuel costs when oil prices come down and Bastion is pretty confident we're not headed for a real recession. Delta cut the revenue growth forecast from 8% to 4% but it's not great. But in recession they'd be down double digits. Bastard also noted that some of the weakness came after a couple of high profile air safety instances like that tragic American Airlines crash in Washington D.C. in January and Delta's own crash landing in Toronto last month which thankfully had no fatalities. Unsurprisingly, it was American and Delta had the worst of the guidance cuts this week. No wonder. Now look at the others. United Stock was only down 2% yesterday after they said they're going to hit the lower end of the guidance. And Southwest actually rallied after giving soft revenue per available seat mile forecast, though that was likely due to some other announcements including an end of the blanket bags fly free policy. These guys have gotten real religious trying to make money. JetBlue also rallied about 4% Tuesday after the low cost airline reaffirmed its first quarter outlook. That was surprising. So I don't think these airline updates were all that fatal for the industry with their stocks now down 30 to 40% or more from their highs. I smell opportunity here, but. But let's be limited. I like United, which I think is planet. Delta is the best running airline out there. United CEO Scott Kirby still sounded very confident in the company's outlook at the J.P. morgan conference yesterday. He said he continued strength in many parts of the business away from the weaker low end domestic leisure market in government travel. United Airlines Press also confirmed that many of the structural tailwinds like much less industry capacity this year. They remain in place. They also spend plenty of time explaining how they pulled away from the industry in many respects when it comes to efficiency. With the stock down almost 38% from its January highs, now trading at less than six times this year's earnings estimates give me some amazing buying opportunity. What else in travel is worth taking a look at? Another one we've been focused on. We've seen some big drawdowns for the cruise line stocks. The four majors all down 25 to 35% from the recent eyes. I totally get why this is happening. In addition to the broader consumer spending concerns, new Commerce Secretary Howard Luddick recently threatened the cruise lines with higher taxes. Well, they don't pay any American taxes because they're domiciled overseas. Though it's tough for me to square the heinous action with what we just heard from Jason Liberty, the CEO of Royal Caribbean, when he came on the show last week. First, Liberty confirmed that its consumers. Consumers perceive Royal Caribbean cruises as a better value than a land based vacation, reinforcing my view that cruise lines can still do fine even in a softer economy. Second, he said his own bookings and on ship spending data from recent voyages, saying matter of fact quote, that cash register continues to ring and be consistent, end quote. Finally looking at longer term, Liberty noted that this is so important understand this major, major ratio, the new supply, meaning new cruise ships should continue to be limited for the next few years, which is positive. The entire industry's pricing power at one point you see the pricing power go down when they have a lot of ships coming. Plus all together I feel really okay about the cruise lines and Royal Caribbean in particular. This had a 25% pullback from its recent high. Stock now sells for a very undermanning, 14 times earnings. I like that. Hey, finally one more quick one that I've been behind since it came public. Airbnb, the disruptor in this lodging industry. This stock gapped up, gapped up from 140 to a new nine month high of 163 last month after the company surprised us with a much better than expected quarter which prompted several analysts to upgrade the darn thing. Since then though, Airbnb, it's given up all those gains and then some, falling back to 126 and change after a few weeks in nasty trading. I like this one too. So you're getting Airbnb last quarter which was fantastic for free. And that's actually putting it lightly given the scale of the decline. Of course, I don't just like this one because it's cheap. I like it because it is a true disruptor in the industry and a long term secular winner given that Airbnb has become the preferred way for younger people to travel. And by the way, the brick and mortar rooms are so expensive. That's why I think the stock's worth buying in a weakness. Especially now it's only up about 15 bucks from its 52 week low. I like Airbnb. Here's the bottom line. Even with all this trade war turmoil, I'm not ready to give up on the beaten down travel space which had been so good for so long. That's why I like United Airlines, Royal Caribbean and Airbnb. I think all are worth buying right here because it's kind of an amazing bout of weakness after a real big run. That money's back.

[Jim Cramer]

Coming up, Kramer's giving you his take on sports betting names, DraftKings and Flutter and whether now is the time to score some shares next. Are you still quoting 30 year old movies? Have you said cool beans in the past 90 days? Do you think Discover isn't widely accepted? If this sounds like you, you're stuck in the past. Discover is accepted at 99% of places that take credit cards nationwide and every time you make a purchase with your card, you automatically earn cash back. Welcome to the now it pays to Discover. Learn [e-mail] Credit Card Based on the February 2024 Nelson Report, my side hustle brings in over six figures, about $10,000.

[Forrest]

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[Jim Cramer]

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[Forrest]

There's a tremendous amount of opportunity out.

[Jim Cramer]

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[Forrest]

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[Jim Cramer]

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[Forrest]

As market's gotten hammered these last few days, all sorts of stocks have really come down hard. The good with the bad. Which is why, you know, I'm spending this week highlighting these Buying opportunities. Now, many of them have already exploded higher. So maybe you ought to focus on this. Take the online sports betting space. Flutter Entertainment, the owner of FanDuel, a bunch of other overseas equivalents has plunged from just under $300 to $234 in less than a month. Was it deserving? Listen, just last week Florida reported what I thought was a really good quarter. And we had CEO Peter Jackson on the show. He told I thought a great story. Even though Flutter's full year forecast came in a tad light, Jackson very good things to say about the beginning of the year. But the stock's been crushed largely because anything connected to the consumer is suddenly hated. Now the consumer confidence is coming down because of geopolitics. I think this one's worth buying on weakness because the online sports betting industry looks very different than it did just a few years ago. Back then you had a bunch of different companies spending like crazy in order to take over newly legalized businesses. Now the smoke is clear. Flutters the biggest winner. These guys have 43% market share in the U.S. that's incredible. Other than DraftKings, nobody else comes close. They're the winners. Flutter was able to grow revenue in the US by 32% last quarter. I love anything over 30 is just fantastic. Keeping its sales and marketing expenses flat. As a result, they've been able to take a more disciplined approach to winning customers, leading to a lower average cost of acquisition while maintaining their market share. From what we heard last week, Flutter's payback period on customer acquisition is now below 18 months in this country. And that is gold. See, it's great news because the United States is a promising market for sports betting. Not only do my fellow Americans seem to have a fondness for gala, but some of our friends in other states aren't even allowed to participate yet. California, Texas and Florida, our three biggest states collectively holding nearly 100 million people. They haven't legalized it there yet. Assuming these regulations are eventually relaxed, and I think they will be because this is a great way for states to raise revenue. That creates an enormous growth opportunity for the largest operators. Now, when it comes to consumer sentiment, I'm not totally convinced that everything's falling apart. You know that for the top of the show, even if consumers start to rein in their wallets a little bit, this industry might not be impacted all that much. CEO Peter Jackson was asked about as much on the earnings call, noting, quote, our experience is that the business is actually very defensive, end quote. I found that surprising, but he convinced me the implications of that are kind of terrifying. It tells me we got a lot of gambling addicts in this country, but hey, that's one more reason to pick up flutter and weakness. There's another angle to the sport. Sports gambling is basically an incredibly cheap form of entertainment. Today's Consumer Price index showed a 7.2% month over month increase in admission to sporting events. It just won't go down. It's one of the worst things that keeps going higher and higher. So maybe you're not willing to drop more than 100 bucks on tickets for the Big east final at Madison Square Garden this Saturday, even if you might have a couple a couple of weeks ago. But you can still watch the game for free. So why not throw $5, 10, 20 even $50 on the game? Make a little more interesting. Win or lose your save money at least compared to going person to games. Now I can't emphasize enough just how much this entertainment spending for some people is fantastic. A random afternoon game for the Phillies over the summer might not impact their World Series chances much, but if I'm watching a few friends and bet five smackers on a Bryce hit a home run selling the most important thing in my life. Plus we need to differentiate companies like Flutter from traditional casinos like Wynter Las Vegas Sands, which are more reliant on the health of the consumer because they need people who are willing to pay to up their pay up for travel. Keep in mind, before everyone started freaking out about tariffs, Florida was doing great. These guys put up some record numbers for the finale of the NFL season. For those of you who aren't caught up yet, spoiler alert. Eagles won. Now it didn't hurt by the way either that the Saquon touchdown prop that you know, anytime touchdown Saquon so many battle net didn't work better to have done Devonta. But either way the game was a success from a customer engagement standpoint. 60, 60.6 million people 16.6 place bets on FanDuel, up 19% from last year. I thought that was staggering. While customer friendly sports outcomes in the NFL have been a drag on all the online sports books this season, favors kept winning. Okay, but that's just part of the business and I thought it was really fascinating. I don't know if you remember the CEO Peter Jackson told us earlier this month, if we knew what was going to happen, it wouldn't be that exciting to bet on, would it? Nobody bothers to bet on the Harlem Globetrotters against the Washington Generals. Even if the favors keep winning at a Record pace. Statistically very unlikely. These companies can just. Well, they can adjust the odds. Yeah, there's a reason that the house always wins, isn't it? But short term losses are just part of the business, especially in a season as short as the NFL. Jackson also explained how the diversity of Flutter's business opportunity opportunities help stamp in the NFL volatility. I bet a lot of people worried about those NFL numbers were surprised to hear Peter tell us that they've been making a killing on the collapse of Man City, the Premier League this year. That's the British football equivalent of the Chiefs missing the playoffs entirely. But what do I know? Will Frost. Elliot was in London, for heaven's sake. Flutters overseas exposure also helps us insulate the company in case there's really a huge drop off in US consumer spending. How about the number, number one competitor? These guys, the number two player? DraftKings. Now, I don't want to spend too much time on this one, even though I like the company very much because we did a piece earlier this year about a potential short term trade for the stock as we got closer to Super Bowl. For those of you who follow the advice well, you're welcome. The stock ran up almost 18% from when we aired the piece to when it closed in February 13, right before drafting support. And if you decide to hold, you got a nice 15% pop the next day. As for the company, they stand to benefit from the same tailwinds as Flutter. And while they have less market share than Flutter, you can think of them as a 1B option. As the industry's consolidation into what turned out to be a fantastic duopoly, why not both? Hmm. The way we can take advantage of any potential market share loss from Flutter DraftKings may be to buy both, but that's not being very diversified. We spoke with CEO Jason Robbins on several occasions. Why? Like Flutter, we have zero interest in betting against Jason. Because he's a gamer. Here's the bottom line. Now that Flutter and DraftKings have pulled back hard from their highs, you got my blessing to go do some buying. I am still a huge believer in the sports betting business. Just remember to play responsibly. See, I almost did this. But I don't want people to gamble excessively because it is bad. Let's go to Dana in California. Dana. Oh my God, Jim. I'm so excited. Why? Jack Lessell. Lenny. Lou and I watch you all the time and you're the bomb. Oh, thank you. I'm the bomb. I thought Doug Earley from Toll Brothers was the bomb. I'm the bomb. Bomb. No, you're the bomb. And I gotta tell you, I looked at those pictures of you and when you were young and I'll tell you, if I went to school with you, I'd be saying, hey, boy, you want to go out on a date? Well, get in line. Thank you. I know you. We have to make this quick. So my question is I feel like you can take all the time you went to that compliment. Go ahead. I'm sorry. Go ahead. Go ahead. My question to you is I think I screwed up right after, right before Carvana's earnings. I bought like 20 shares and oh my God, it tanked. I'm let down. I know. It's down so much. Look, I believe in Ernie Garcia. I think the used car market is going to be very good because of the tariffs that are coming on the new cars. That's going to drive people to the used cars. I think you should stay with Carvana if not actually buy more Moore. I'm a believer in Ernie Garcia. He's done a lot of things right. We've liked him since the stock was about 5. So anyway, thank you for the comment. Klein comments. Wish my mom were alive. She would have loved that will in Florida. Will. Mr. Kramer, thank you so much for taking my call this evening. No problem. What's up? So, Jim, with the recent downturn in the market and the fear of tariffs, this particular stock has fallen about 30%. Do I have the blessing in starting a position in the Shake Shack? You know, I looked at Shake Shack on this downturn and I said, you know what? Quality food, really good manager in Rob Lynch. What the heck is it doing at 87? I am going to tell you, not only would I buy it, but I actually make a substantial investment in this thing. If I had to buy 100 shares. You don't like to buy things all at once. I might even buy, I usually like by 25. Then wait, I would buy 50 to 75 because that's how strongly I feel about Rob lynch and that brand which is fantastic. Great that you brought their attention to it. I should do some work on it. All right now that. But I love Rob. It's great now that Flutter and DraftKings have come down from their highs. You got my bus. And use this volatility as a chance to buy these betting stocks. I'm surprised how quickly they fell. But consumer confidence has been coupled by geopolitical events. Much more money. What's it going to take for Cloudflare to Get his group back. I'm seeing if today's investor day could be a catalyst when I sit down with the CEO, man, it was much higher. It was much lower too. Then Tesla's had a turbulent week, but as it's rebounding for its lows, could the stock be primed to keep cruising higher? Highly unusual. That's right. End of the show. No huddle with the legendary technician Larry Williams giving me some data on Tesla that is going to blow you away at tonight's. And we don't get tonight's dish of the lightning too. Got a big show. Thank you. During the market wide meltdown over the past few weeks, the enterprise software stocks really hard hit. Couldn't some formerly red hat groups like some cybersecurity space take Cloudflare, which soared from $66 its lows last summer to 177 at its highs in February after the company for a magnificent quarter since then it's come down hard, pulling back to 119 as of today, even if it's now bounced a few bucks from its lows. Chance to buy what I think is a premium company that also has fantastic cybersecurity space. Well, I don't know. I say you take it not from me, but from Matthew Prince. He's the co founder, co chair, CEO of Cloudflare. Just came off a very successful investor day meeting right here at the New York Stock Exchange. Mr. Prince, welcome back to be a Money Jim.

[Matthew Prince]

Thanks for having me.

[Forrest]

Me. So tell me about how the day went because you got a great team and I think you've got a very exciting company.

[Matthew Prince]

It's, you know, it's been an amazing day to meet with our investors to get our team together to be able to come back and ring the closing bell. The New York Stock Exchange, always such a really an honor for us to be in this hallowed space. And you know, the real theme for today was accelerating change, accelerating growth. And that's what we're seeing. We're seeing such an amazing opportunity for Cloudflare. More and more large enterprises adopting our products and using the full suite of.

[Forrest]

What we can do. Well, that's terrific. And I want to say for people at home, Matt, Matthew came on October 2nd of last year with a level of confidence that was extraordinary. And I comment, I said wow, you are very gung ho. You said we were having a great fourth quarter and the stock was at 79 and then you moved on 100 points. So congratulations. The end of the, you had a very strong end last quarter too.

[Matthew Prince]

Yeah, I think that what we saw was just continuing demand for cybersecurity services and for network services across the board. Cloudflare is a very unique network, one of the only ones that can deliver true network security and performance around the globe. And that is just continuing to resonate.

[Forrest]

With the largest customers, should people recognize, I mean, who really needs this kind of security? Well, how about Uber, does a Doordash, does a Shopify and Edit, Etsy, a Walmart, a Best Buy. These can't afford to go down. They can't afford to have many come in and do a denial of service.

[Matthew Prince]

That's exactly right. And you just listed a bunch of what are some of our real customers, that it's been amazing to be able to get to know them, to be able to help them, to make sure that they are online, that their data is secure, that they have a great experience wherever they're expanding their business, anywhere around the world. And that's what we're delivering at Cloud.

[Forrest]

I think that's sensational. Now, I want to hear about this killer app for workers, because, you guys, I've not talked to you about AI much, and this is your chance to do it because it sounds very exciting.

[Matthew Prince]

So, you know, what we realized was that at Cloudflare we had this unique network and there are different parts of AI. One part is training, building the models. And we hear about OpenAI, we hear about Anthropic, they're doing amazing things. But the other piece is actually running the inference using those models. And our theory is that about half of those use cases are going to happen on your device, on your phone, and your smart driverless car, wherever that is. But some models are going to be too big, they're going to cost too much, they're going to burn too much battery, and those then need to run. Where's the next best place? And we think the next best place isn't going back to Ashburn, Virginia, or some big hyperscaler data center. It's actually running it in the network as close as possible. And so, because of the fact that there's in more than 300 cities worldwide, we're within 50 milliseconds of basically every Internet user on Earth. We have become one of the default places to run those AI models. And today, over 1500 AI companies are relying on Cloudflare and Cloudflare workers in order to build the future.

[Forrest]

Well, that's extraordinary, because I didn't think there were that. I mean, two years ago, I don't think it was like that. Now, another Thing that people have to recognize the number of HTTP and the number of, just say of episodes of terror, basically, that you stop per second.

[Matthew Prince]

Yeah, it's remarkable. You know, we just in the last few days had a large organization came under an attack. This organization literally does billions of requests per second through their network. We were able to onboard them in less than a few hours, get them on, have no hiccups on our network, protect them from that attack. There really aren't any other networks that can do that as quickly, as efficiently and without it causing a hiccup across the entire Internet. And I'm so proud of our team for what we've built and how we can help customers every day.

[Forrest]

Now, how about helping customers who are afraid that their stuff is being stolen? Because I look at a lot of sites and just say you can appropriate anything. So therefore the intellectual property just is dismissed. So you need to protect.

[Jim Cramer]

Yeah.

[Matthew Prince]

I think one of the things that's really interesting about, about us is that what we're hearing from original content creators is that they're worried that the content they're creating, someone like you, is creating original content every day. And that's getting slurped up by AI systems. It's getting slurped up in between. And Kafler really sits between a huge number, a huge percentage of the AI companies and a huge percentage of the content that's there. And we think that there's going to be a new business model for the future of the the web. If the last business model was search in the future, we've got to figure out something better to make sure that original content creators are actually getting compensated for their content going into this frontier.

[Forrest]

Matthew, I've got to tell you, I just presume my stuff is being given away, work really hard to do it, to preserve it, but once it's out there, it seems like it's fair game. But it shouldn't be.

[Matthew Prince]

It totally shouldn't be. In an ideal future in the world, humans should get content for free. They should be able to see you. But bots should pay a lot for it. And if you talk to the smartest AI companies, they understand that that's the case. Because what we're seeing in AI is there's actually not much of a barrier entry. Yes, cost is high, but if you can raise capital, then you're just seeing model after model after model leapfrog. I think in the future, where these AI companies are actually going to get an advantage is by being able to license original content from great creators like yourself. And have that be the thing which actually means that one model is going to be differentiated from another.

[Forrest]

Would that be great? I mean that's the fair, fair way. Now one last thing that I think is really important there very rarely do I see, oh my God, there's someone I can't believe he's working with Matthew Mark Anderson, Guy from Alex we see you are attracting incredibly how you do it, incredibly important names in tech. You're attracting.

[Matthew Prince]

It's been 2024 was really the year of us just building out an incredible leadership team and a manner that Mark Anderson who had been the the CEO of a public company so great came back to run our go to market organization CJ decide who took service now from $1 billion to $10 billion revenue came back to run product and engineering. Stephanie Cohen, who is one of the leaders at Goldman Sachs came and said I want to be in strategy there. What I think is differentiating Cloudflare is our mission. Our mission is to help build a better Internet. And today I can't imagine anything which is more important. And these leaders are coming to Cloudflare because they see the opportunity, they see the mission, they see the growth that we have ahead. And I think that's setting us up for the next 10 years.

[Forrest]

I want people to know these are people all could be CEOs of giant companies and they're coming to work here because it's a meaningful mission and a great company.

[Jim Cramer]

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

[Forrest]

It is time. It's time for the wide mountain by bite. Sales might be stepping but you played as hell. And then the lightning round is over. Are you ready? Ski dice out of the way around. Crazy world. Let's start with Tom in your top. Jim, first time caller. Thanks for taking my call. Of course. I have had a position and Insurance, insurance broker A.J. gallagher since December 2008. It's up about 15 times. So it's been a good buy, about double the S and P. But it seems to be sort of unknown. I very rarely hear it mentioned in the media. My question simply is, do you think Gallagher is still worth holding? Oh my God, yes. That is just a solid company. We used to call in the old days. Used to call it a blue chip great company. Should have been doing stuff like you know, sometimes stocks are just kind of just quietly going up and that's one of them. Let's go to Isaac in Nevada. Isaac. Oh yeah, Jim, this is Isaac in Nevada. How are you, me and my wife are. I'm doing well. All right. What's going on? I was wanting to know what you think about new stock. All right. So I've got to tell you, I came out hot on this one. I really liked it. I've been wrong. I don't know why. I thought it was just a really cool idea. You know, I think maybe it's like digital banking. I thought it was the way to go. So far I'm wrong and I can't. I. I'm not going to repeat my. My bullishness be a mistake. Let's go to Sean in Virginia. Sean James Chillax, my man. You are a gentleman and a scholar and I thank you for your knowledge.

[Jim Cramer]

Whoa.

[Forrest]

Thank you. And you. Okay. Shout out to your team for keeping the wild man. Team's fabulous. I'm gonna keep them. I'm gonna keep. I like the team, but a long time, long time. Proud member of the club. But I do have a question because I'm gonna see you tomorrow. See you tomorrow. 12.

[Matthew Prince]

Okay.

[Forrest]

All right. Just like the rest of us. And it's. It's. Everybody's got it. Everybody wants to get rid of it. It's trash. And king of the trash is WM WE Management. Oh, my. You know, I sold after the chapel stress after making a huge gain and I left 100 points on the table. That company is fantastic. They got some golf thing I'm trying to get to too. People tell me it's fantastic. All right. Hey, why don't we go to Patrick in Florida, please? Patrick. Hey, Jim. Yo. At the start of 2024, I decided it was time to cancel all of these subscriptions that I had signed up for over the years. But there was one subscription that I found to be particularly sticky. I was unable to cancel due to the usefulness of the product. Whether I'm home or on the go, this is the software that I'm using daily to tune into your show. Jim, what are your thoughts on ticker F U V O Fugo. You flatter me with that. Tuning into my show. But. But I don't like stocks that just of companies that just do nothing but seem to lose money. And that is in that category. So I have to say, ixnay. Let's go to Jim in illinois. Jim. Hello, Dr. Kramer. It's an honor. Shame. Wondering. Yes. I was wondering if you could please share your thoughts about the 38 and a half tender offer and also the longer term prospects for Alliance Bernstein ad. Yeah. I never understood why Lions Bernstein is so low it's absolutely, you know, it was weird. I mean, it's just a great company. All systems go there. Okay, let's go to Larry in Texas. Larry. Lar. Yes. You're up. Larry, you're talking to Jim. Jim, me and my wife, big fans, man. I want to give a shout out to her real quick. I have bought a stock Q2 of 2023. It has not done well for the last two years. This is an Opte. Ox is not a great company. I know, I know. Like, Warren Buffett owns it and that's just great. But it doesn't matter. It's got a lot of debt and it's just not that great. And, you know, the fact that he owns it doesn't make it great. And I'm sorry to be. I don't mean to be like a naysayer, but geez, get a better royal. Okay, let's go to Nate in California. Nate. Yeah. Jim, so help me understand what's going on with Western Digital and why it still won't move after with a spin off the sandisk. I mean, no, I gotta understand that because the stock is down. It was such a great thing. I gotta do some work on this thing because it didn't make any sense. It's going in the wrong direction. Let me do some work and come back because it seems like that created a lot of value and no one else believed it. I want to go to Darius in New Jersey. Darius. Hey, Jim, how are you, man? I'm all right. How are you? It's a lovely day. I'm happy to be on here. Hey, Jim, I got a question for you. So I'm looking at this stock. I've been looking at it for a little while. They're getting beat up. It's a United States stock I've been seeing. A lot of politicians have been buying it and they just announced the 10 billion dollar buyback. All right, solid. Solid income or earnings per share in Q1 applied materials amass. All right, plot materials is number is number three after. I like lamb research, and then I like KLA and then I like Applied Materials. They have a lot of China exposure that makes people very, very worried. I think Tim Archer from LAM is a better one if you want to be in Capital Equipment. But I've got to tell you, Capital Equipment is so tied up with China that I can't just get by it anymore, even though I love these companies. We got to straighten things out with China. We just have to. Let's go to Savita. Oh, no, we're done. And that, ladies and gentlemen, inclusion of the Lightning Round.

[Jim Cramer]

The Lightning Round is sponsored by Charles Schwab. Coming up, is Tesla gearing up for a turnaround? Kramer is taking a look at the charts and seeing if now is the time to invest in the EV maker or if this stock is on the chopping block. Next.

[Forrest]

Contestants, will the stock keep rebounding now that they've enlisted President Trump as car salesman in chief? This stock roared after Trump won the election because CEO Elon Musk spent a fortune to help put him in office. And Wall street figured that being tied with Trump pay off right in the last couple of months. So the stock's just been obliterated. Now some of that's because must playing a much bigger and more controversial role in the administration than most of us expected and not paying enough attention to business controversy is not good for sales. We don't like controversy, especially overseas some it's simply that Tesla is a high flying growth name in a market that lost all appetite for high flying growth names. Although today it seemed like it was going to get it back. Now yesterday the stock started rebounding and today attacked on another 7.6%. So got to ask, could this be the real deal? Now listen, it's hard to predict the fundamentals here in large part because Tesla trades on the potential of its self driving technology, something I very much believe in. But that could be years down the road. It's also hard to put a value on your CEO being the right hand man of the president. No one's ever done that. It's definitely worth something. But how the heck you put a number on that? What's the PE multiple on that? So rather than trying to game this one out, you know what? I'd rather go off the charts and I never do this at the end the show, but this is really important because we're going off the charts with Larry Williams. He's a legendary technician and market historian who's been the best in the business since before I learned how to drive. He's written over a dozen books, created a ton of proprietary technical indicators and most important, he's got a stunning track record, especially over the past five years. And I revere him, always have. Larry's the one who called the COVID bottom, for instance in April 2020, back when just about everyone was terrified that would be stuck in a prolonged government mandated recession. And you know what he's doing tonight? He's calling the bottom in Tesla. First, I want you to take a look at the weekly chart of Tesla paired with Larry's proprietary valuation model. According to this model, Tesla's finally reached undervalued territory. And when the stocks come down to these levels in the past, it typically attracts real buyers. Leads to a big bounce. Speaking of buyers, check out this chart of Tesla's paired with Larry's measure of professional accumulation. Even as the stocks come down, this picture shows very aggressive buying. Not selling, but buying. That's typically an arbiter of higher prices. Professional money managers have begun adding to positions while individual investors have been throwing in the towel. That's what you've seen, and it usually means that you should be buying alongside of these investors. I agree, but it's just the right moment to pounce on Tesla. Could it have another leg down the brutal stock market? Okay, I want you to take a look at this daily chart with Tesla. True seasonal pattern in blue. Okay. Larry loves to look at how stocks tend to trade over the course of the year. He goes over the history, then finds a seasonal pattern that plays out time after time. The true seasonal pattern in blue shows that Tesla's typically begins rally at this time of year. Sure enough, the stock's already going up. So I've got to tell you, I'm with that. Now, Ari also likes to hunt for cycles that seem to be repeating themselves beyond the annual seasonal cycle. Now, he'll identify a bunch of these, then combine them together into a wave that predicts where the stock is likely headed. So here's what Tesla looks like with this cycle forecast attached to it. The forecast is blue on the way up, gray on the way down. Right now suggests that Tesla should be ready to rally, maybe furiously with a pullback, creating another buying opportunity around mid June. Larry notes that we've seen this wave in Tesla stock numerous times before. Historically, stocks rallied 80% of the time during this time period. I think that's pretty good odds. So if you believe Larry Williams and he's earned a lot of credibility over the years, then this is a gentleman. Start your electric engines moment for Tesla. Assuming he's right, the stocks we've been over the past couple of days is just the beginning of a huge move. And I got to tell you. All aboard. I'm with Larry. I like to say, as always, bull markets on my parts of just free radio man money. I'm Jim Cramer. See you tomorrow.

[Jim Cramer]

All opinions expressed by Jim Cramer on this podcast are solely Kramer's opinions and do not reflect the opinions of cnbc, NBC Universal, or their parent company or affiliate 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 My side hustle.

[Forrest]

Brings in over six figures, about $10,000 a month, over $500,000 since its beginning.

[Jim Cramer]

Find your hustle with CNBC. Make it's new online course how to start a side Hustle Three industry experts break down proven paths to success.

[Forrest]

There's a tremendous amount of opportunity out.

[Jim Cramer]

There and help you choose the one that fits your life schedule and goals.

[Forrest]

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[Jim Cramer]

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