Caller (Jake) (9:12)

Hey, Jim. Booyah.

Jim Cramer (9:14)

Booyah. Jake, how you doing?

Caller (Jake) (9:16)

I'm okay. How are you?

Jim Cramer (9:18)

I'm okay. What's happening?

Caller (Jake) (9:21)

Well, it's your anniversary.

Jim Cramer (9:23)

Congrats to you and thank you very much. We have a great team and I know it's kind of like my anniversary quarters the way I'm looking at it now. Laniversary quarter. Thank you. What's up?

Caller (Jake) (9:34)

So I'm confused with this one. I think it's at the point where management's going to end up owning this entire company. I guess I'm rolling the dice on MGM Resorts International.

Jim Cramer (9:48)

You are rolling the dice on MGM Resorts International. I'm not a dice roller. I am a card player and I like it very much. But I wouldn't want to own that one. But you know what? We're going to go out west. We're going to talk to win. Maybe I can figure out a little bit more about what to do with the casinos, providing that the president doesn't post that you're not allowed to go to casinos anymore. Never know. Anyway, next week's earnings are important, but the market is only hostage to the White House and to a lesser degree, the Fed. Tough place to be, typically because the Fed can't post, but the White House can. I've been thinking about where the market could have been if the constant news of tariffs hadn't caused all this fear. Don't miss my take then. Today's rally showed that there's still opportunity to be found. In this tape, I'm rounding out my sell off opportunity series. The one more sector is worth looking at. And by the way, the others really did well. So you got to listen up. And as we navigate all this market volatility, I'm getting a better sense of where our viewers concerns lie. Taking some questions from the investing club members who didn't get to have their questions answered in yesterday's club meeting. So stay with Kramer.

Bank of America Representative (10:58)

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Jim Cramer (11:00)

Follow Imkramer on X. Have a question.

Bank of America Representative (11:03)

Tweet Kramer. Madmentions. Send Jim an email to madmoneynbc.com or give us a call at 1-800-743-CNBC. Missed something? Head to madmoney.cnbc.com.

Jim Cramer (11:20)

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Jim Cramer (11:28)

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Bank of America Representative (11:35)

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Jim Cramer (11:47)

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Jim Cramer (13:37)

Take a breath. It's worth thinking about this week for a moment and what it would have meant just a few months ago if things hadn't gotten so far off the rails? What would have really happened? What would we have been talking about if it hadn't been about these ephemeral issues of trade and tariffs? What would have happened if the White House had just taken a more considered, measured approach to getting better terms from our trading associates? One that wouldn't Wreck the stock market in the process or cause such worries, such jarring to consumer confidence. First, right about now we probably would have been celebrating our 10th multi billion dollar IPO right here. An inspirational parade of capitalism that would have led to bigger hiring speeds than any five modern day factories. I'd be tired of watching that bell ring with all sorts of these new successful people would be pretty thrilled about the businesses they're talking about and of course the friendly administration that welcomed them. Remember that concept. Without the trade wars we would have seen some big IPOs in exciting areas like biotech which could then lead to spending on hardware and software. Big drug trials produce big wins, really help so many people. We would have had software as a service deals, enterprise software companies that so many of these growth funds thirst for. Many would be able to compete with the giants because they would have been armed with fresh capital. We might have seen some fintechs that want to scale our data center companies that need capital that only the stock market can provide. Again, all this could provide more job creation than forcing manufacturers to to put a factory here, a factory there. Second, without the trade wars, I think we'd finally be seeing some mergers that make sense help rationalize businesses like tech where new dynamos would have been created to take on the old tech giants that have been grandfathered in. Because we've had silly virtual ban on mergers for the last four years, we could create new hyperscalers to compete with the current ones. We wouldn't be focusing on only the same old tech companies because new ones would have been created. There'd be spirit and competition rather than these stagnant hierarchies. Third, we could have wrapped up the endless persecutions of our tech companies. Except unfortunately the new president's antitrust regulators are much tougher than anybody expected. Even if they're tough in a different way from the Biden people. Turns out the Trump regulators share the same anti business philosophy as the Biden people. And I thought people voted for a choice, not an echo who? Rather than the offering on the canvas countdowns for various retailers, we'd be talking about how Target's making a comeback. Coal's can make it too. That's what happens when there's consumer confidence that's not sapped by angry postings about things the average American can't begin to understand and no one is helping to explain to us. And I consider myself an average American who took three years of economics at Harvard. We would have seen the travel boom continue to the cruise line stocks will be holding up Just fine. Fifth and most important, we just had unheard of back to back positive surprises from the Consumer Price Index and the Producer Price Index. Those clear inflation readings are putting us back on the flight path for rate cuts as the Fed once again winning the battle against inflation. Sure we still have inflation in food, but I think it's peak something that we would have heard in the last few weeks from all the major grocery chains, but you couldn't overhear it over the din of anger. It's incredible to me that two sets of very important data meant nothing because of Canadian electricity, Jack Daniels and Briv Koko. Oh, and inflation is about to be mandated by the White House via tariffs. That won't bring in all that money, so don't look for any more rate cuts. Sylvie, listen, I'm not calling for unfettered capitalism. I'm not in favor of corporate collusion. I don't cheer when people get fired though. And I don't carry a chainsaw. I'm simply saying that had someone left well enough alone, we got a crack down on our trading partners. Effectively through cheerful but forceful behind the scenes arm twisting, not ranked angry postings, some in all caps no less. My view. Speak softly, Carrie A. Howitzer. Oh, and before you start saying that I'm too critical, can I just tell you something? Please remember that I'm one of the few people in this business, or any business, who is an avowed anti free trader. I think the President's right that our trading associates, I'm not calling partners, have ripped us off for years. I'm even more forceful than he is. We're the only country that plays fair on trade. It's not worth it. We sacrifice the American people. I just wish the White House would be more patient and methodical in its approach. They got four years to solve this problem. There is no gun to their head. In fact, it's better to take it slow because we need years to fix our supply chains. So business is seamless and the customer gets the product on time and we get the job done, right? Sometimes. Sometimes you just got to play the long game. Hmm. Well, you know, Mad Money's 20th year. I've become the statesman. I guess someone had to be one. Might as well be me. This grizzled at one time very angry veteran of the stock market money is back after the break. Coming up, Kramer's combing through this week's.

Bank of America Representative (18:23)

Wreckage to find some buying opportunities among recent IPOs.

Jim Cramer (18:27)

Next.

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Jim Cramer (19:09)

All week I've been doing my best to break through the gloom and doom with a more constructive attitude because when virtually everything sells off, you tend to get some incredible bargains only if you know where to look. After today's rally, I think you have to be with me. But the market's still very oversold, which means buying postings we could have more room to run. So tonight I want to highlight some of the hardest hit stocks out there. The recent IPOs that have gone from the hottest stocks in the market to truly hideous performers over the past month. Whenever people get terrified, they ring the register on all sorts of good stocks and that includes pretty much anything that recently came public. That's really where they go, of course, building with the best ones. Which is why I'm sticking with Kava Group, Reddit and Viking Holdings. Kava Group, Reddit and Viking holdings because I think you're getting incredible chance to buy all three down substantially from their highs. Why don't we take a one by one? Let's start with Kava Group. That's a Mediterranean restaurant chain. Came up in June of 2023. Kava started out real hot. It then had a multi month cool off period. I started recommending in the low 30s back in November 2023 after Kava's chairman, Ron Shaikh, formerly Panera Bread, convinced me that it had the potential to be the next big thing in casual dining. Now this stock then marched steadily higher through most of last year, ultimately peaking at $172 last November. That was after Cobb reported a tremendous quarter and shares shot up 19% intraday before pulling back and finishing up less than 2%. Now it is never good when you see that kind of rally. That's called a pirouette. You got to steer clear of the those. Sure enough, this one's been pulling back ever since, trading down to the mid-70s, although quite a nice bounce today along with the rest of the market. Still, Kava's been more than cut in half because it's right in the center of the blast radius. It's a restaurant, it's a recent ipo. It's got an expensive stock even after the sell off. None of those are what you want if you're worried about the consumer confidence figures that everyone else seems to be. I never recommended this stock because I thought it was cheap though I like COP because I think it's an excellent long term what we call regional to national story. They had produced seven locations at the end of last year. Their stores are doing very well and they've got a ton of room to expand from a regional national player. That's right, all over the country. And for the record, Chipotle stock was never cheap either. I don't see any signs of the concept losing momentum when Covid delivered 21% same store sales growth. For heaven's sake. Now that's. Now the stock's down 55% of its highs. You got my blessing to start buying Monday. And if it keeps falling, you know what you should do? Buy more. How about some others? Okay. Reddit. That's the online message board website that I've liked so much since it came public. Major player in online advertising space. Stocks going from being red hot to freezing cold practically overnight. I started recommend it last May at around 50 bucks. By December it shot to 153. That's why I suggested that you had to start taking something off the table. Although Reddit kept climbing to 230, where it ultimately peaked just over a month ago. Since then the stock's going straight down. It's falling over 50% in a month, reaching a low of 105 and change on Monday before rebounding to the high 120s as of today. Remember, this rally today encompassed a lot of these, these kind of red hot stocks. And also some stocks that I don't really care for. The quantum stocks, the electric stocks, nuclear utilities. You know what I mean? Just like with Kava, Reddit hasn't done anything wrong. Last month they reported a terrific quarter. Revenue growth accelerated all the way to 71%. The problem here is that this is exactly the kind of stock that people dump whenever we get hit with a market wide meltdown. It's almost programmed. The only scenario in which I get more bearish on Reddit's fundamentals would be if the current period of macro uncertainty turns into an outright recession, because a recession would really hurt their advertising business. In a recession, anything it depends on ads does get crushed. But I don't think we're headed for recession, which means Reddit's pretty darn enticing. Now that the stock's practically being cut in half right now, this thing's selling for Don't. Okay, these numbers are going to make you freak out a little bit. Don't. Selling for roughly 58 times your shares earnings estimates 39 times next year. Okay, it's not crazy for a great regional national story. I've seen this over and over again. Plus, based on the way that Reddit's been beating the estimates, I wouldn't be surprised if the stock ultimately proves to be much cheaper than it looks right now, if only because the future earnings are likely to come in higher than expected. Again, as long as there's no recession, as long as this thing continues to be able to spread and grow, not just from this nation, or I should say all over the world, Red, it's a winner and I think it is going to be very big internationally. Finally, one more quick one. Viking holdings, the parent company of Viking Cruises, which is a cruise line best known for its European river cruise routes and its upscale, sophisticated market positioning. By the way, remember when Royal Caribbean was here and they were talking about doing river cruises? These guys own this market right now they're going after a particular kind of customer though, hence why one of their slogans is no children, no casinos. You know exactly what you're getting here. Now. I recommended Viking holdings the day after it came public on May 1, back when the stock was at 27. Regular viewers know I am a big fan of the cruise lines going for one in May. They represent a great value and Vikings a unique player with an impressive focus on rich American baby boomers. We watched with glee as Viking stock glided higher and higher and higher throughout last year and even the first few weeks of 2025 eventually peaked at 53 bucks and change in early February just before the market wide sell off. Since then the stock's fallen back to 40, down roughly 25% from its highs just over a month ago. Again, like I explained when I told you to buy Royal Caribbean on Wednesday, the cruise lines are different from other travel place. They represent incredible value versus traditional vacation alternatives, especially if you wanted to drink heavily. And that's still true of the upscale Viking cruises. But for Viking in particular, we have a fresher company specific catalyst. On Tuesday morning the company reported an excellent quarter with inline revenue and impressive 9 cent earnings beat off a 36 cent basis. No one paid any attention to it because of the market wide sell off. Matt also has some very positive commentary about the full year forecast with CEO Thorstenhagen noting that the company was growing capacity for its core products by 12% this year. Delivery of 11 new ships they're already 88% booked for the 2025 season. So it sounds like smooth sailing for Viking at present. And we got this update after the tariff reign of terror had already started. With the stock down meaningfully to the point where it now roughly trades at 17 times this year's earnings estimates. I think it's another one that's worth buying right here. Now here's the bottom line. Even after today's rebound, tons of stocks are still so far down from their highs. And I think we've reached the point where you can hunt for opportunities in the hardest hit names, assuming you stick with the best operators. And therefore, I think things like Kava Group, Reddit and Viking holdings, they came down the hardest. And assuming we get through this, they're likely to bounce back the hardest too. Let's go to Austin in Massachusetts. Austin. Oh, yeah.

Caller (Jake) (25:52)

Jim.

Jim Cramer (25:53)

Love you, brother.

Caller (Jake) (25:54)

Thanks for having me, chief.

Jim Cramer (25:55)

Thank you. What's going on, Jim?

Caller (Jake) (25:57)

So, Jim, I caught pounds here under $10. And I think this stock, similar to Palantir at the time, is grossly overlooked and misunderstood. They've got real American manufacturing innovation, major production expansion and recent 6.5 billion government financing it for a Georgia plan. They just crossed gross profitability per vehicle sold. They've got a low price of sales multiple of 2.2x.

Jim Cramer (26:30)

All right, got me intrigued. Got me intrigued.

Caller (Jake) (26:33)

They're dropping Quad motors, Jim, in 2025 that run 0 to 60 in 2.5 seconds with a thousand horsepower.

Jim Cramer (26:45)

Inconceivable.

Caller (Jake) (26:46)

FSD.

Jim Cramer (26:47)

They've all.

Caller (Jake) (26:48)

They're also growing FSD and their founder RJ is a strong leader with an employee pressure.

Jim Cramer (26:54)

J screens. That's the hint that you wanted. If we were playing Jeopardy with David Faber would be getting clobbered. Okay, I. I know this is not what you want to hear, but I don't care for the balance sheet. If they had a better balance sheet, then I would say fine. I know they've gotten some money from others, but it takes a long time to go public. People misunderstand how long it took for Tesla to be able to get there. And Tesla had, you know, it had a whamma jam, a musician at the top of it and these guys cringe is good. But I do worry about the financing. But I'm so not done with questions. I feel like going to Bill in Massachusetts. Just my own thing. Bill.

Caller (Jake) (27:27)

Jimbo, I'm a proud Creamerican and proud club member. Can I just take one minute and say a couple of things? I love being in the club. It's the best club I've ever been in.

Jim Cramer (27:40)

Thank you. How about yesterday when we stuck our neck out in the absolute middle the teeth of the sell off. Thank you. Okay.

Caller (Jake) (27:47)

I don't even know. I can't even say enough. It was a pleasure meeting you, Jeff. Regina. And your staff is so kind to an ignorant old man. It's just incredible.

Jim Cramer (27:59)

Well, that's me. When you speak of that. I will tell you that I love the club and I'm so excited about the fact we got the meeting coming up and that's going to be fun. I'm looking at Regina Gilgan. She's doing so much to make the meeting great. All the little nitty gritty stuff and she's so excited about.

Caller (Jake) (28:15)

Was a pleasure to meet her. She's an awesome person. She really, she is.

Jim Cramer (28:19)

So is her mom and dad. Her mom and dad are dynamite too. All right.

Caller (Jake) (28:24)

I'll tell you, Jim, I was so happy this week. I was able to open up a position in Costco and Netflix in the eight hundreds. I was so.

Jim Cramer (28:32)

There you go.

Caller (Jake) (28:33)

Oh, I'm ecstatic. Ecstatic. I just wanted to ask your opinion on ge, Aerosmith, can it take more share from Boeing or how that, how do you think they're going to do?

Jim Cramer (28:47)

Oh, man. Okay, okay, okay. I think the answer is they can take a ton. They. And you have to, you have to buy it and buy it like mad because what's going to happen is there's going to be so much servicing of these planes and that's where they make the biggest money. And don't forget you're getting Larry Kolb, who's one of the greatest executives in America. Okay. At this stage in the sell off, I think you gotta start buying some of the hardest hit names. Many of these new IPOs went down hard, which means they can bounce back hard too. But we're moneyhead Jeff Marks and I took a crack at all your burning questions yesterday during the monthly meeting, but we didn't get to all of them. So I'm circling back then my exclusive with a private beer company that's been bucking the trend of higher prices, prices and of course, all your calls. Rapid fire. Tonight's edition of the Lightning round. So stay with Kramer. After a very volatile week, investors and gamers are probably heading the weekend, exhausted, worn out, maybe even wary what next week could bring. That's why I want to take a step back, engage what our viewers are most concerned about by taking some questions from investing club members that we didn't have time to get to yesterday and club members. I hope you enjoyed yesterday's call. It was a high wire act for certain. Remember, if you want to be a part of the investing club action ahead of next month's meeting, why don't you go to cnbc.com/investing club or just scan this QR code. One day I'm going to figure out how to do that. I hold my phone up to nothing happens. Anyway, let's kick it off with a question from Matt who asks. In January of 2025 I invested in Tesla at a price of 400. Check. Continue to hold this position or sell and move into Uber. Okay, now here's the thing you need to know. It doesn't matter where you bought something, it matters where it's going to. The stock's been cut in half. It seems like a bad stock. It's going to now turn a narrative to being about humanoids and being about self hands driving. So you're fine with that? I also like Uber. Six or half dozen for me frankly that's how much I like both. Next up Mark asks, I have some gains in wal Mart like 7%. I trim some on the way up and it's about 10% off its high. When is a good time to add my position? What price? I actually don't like Wal Mart here. I think that the stock has moved up too much and we want to wait and then and I'll tell you the truth, maybe in the low 80s now, maybe even the high 70s. Because right now retail is a very hard thing to do. And the only retailer that I'm saying to buy right now is tjx. I like Costco but TJX is much better than Wal Mart. Much better. I want you to sell the Wal Mart and buy tjx. Now let's go to David who asks you talk about the club avoiding buying above its cost basis. I have good stocks like Apple and Video that have increased over time. So now a basis way below current price. How could I ever add to my position since it won't get back to my basis. We addressed this actually on the conference call and I was quite brief and my thinking was, you know what? I just have to violate my. Sometimes I have to violate my discipline and you know that the ones I did was wrong. I'm going to tell you this, don't violate your discipline, just don't buy them. You want to pick one, that's okay. But this whole idea of violating your discipline because you think you're going to be right like I did. It was wrong. And that was one of the things that I brought up in the call. Now next up, Patty, is I would like to buy into Costco as I think it's a great company and a price refuge for folks from this economy. Is there a good time to get back to the stock right now? The stocks in free fall. Now why is that? Because these knucklehead analysts felt it was a bad quarter. They didn't know how to read this. They didn't know how to read the income statement and they certainly did not listen to the conference call. This stock is now when it's stock this in free fall, we're going to let what I like to do is tell people wait, it's going to tell you what to do. It's going to be in around here, 900, 860, 920. We're going to wait till it settles and when it settles, we're going to buy. But we just don't know what level is going to settle. That's what we do. It's called patience. Now let's go to Randa, North Carolina, who asks, I have been a long time beauty unit holder of Elf Beauty. Is there any hope of a comeback? I was very disappointed in how the stock acted last time. I felt that it left something to be desired. And I truly now have come to dislike the cosmetics category. I didn't even like the old call this morning. I think that you're going to get a chance, I think, to actually sell it. And I'm saying that not because I don't like Elf, but I don't like Estee Lauder, I don't like Elf, I don't like Sephora, which is in Kohl's, doesn't trade as an individual company. And I just think the group's gotten too hard. So when we have a lift like we're having here, let it go up a little bit and then you have to go. There's no harm in recognizing that right now that is the most challenged category I know in the entire economy. Next up, we have a question from Chris in Pennsylvania, wants to know how will the tariffs affect Canadian companies like Shopify? Should we hold on to Shopify? I'm stumped on that. You know, I'm stuck in that because the people who have come up with these rules about what we're supposed to do have given us so little clarity whatsoever that I have no idea. And I use Shopify all the time. Actually, two members of my family have businesses with Shopify 5 and we have no idea what to do. Why is that you think it's because we're being kept in the dark. And you know why? Because I think you can't post longer than a certain number of characters and you need about like 10,000 characters to understand what tariffs mean in Canada or Mexico. Sorry. The moment I get clarity, I'll give you a buzz. Now let's go to another Chris, this time in Colorado. Yes. First off, thank you, Jim, Jeff and the entire investing club team. I really appreciate the work you do. Thank. Thank you. That said, is it time to start looking to other countries for investments while we experience the lower prices for all items in the US Stock market? Thanks and keep the great work. I look, I blew it. I was do it. Remember how many times I said Santander, Santander, Sander and I didn't do it. Now those stocks will run. Santander is six and three quarters. I was worried about the dividend and it's and how people would say, Jim, you can't use the traditional tax rules for dividends. I was Lilliputian. Next time I'll be bigger. Next up, Heather. Heather in Illinois. With more and more countries boycotting American goods, should we be worried about companies like Apple, Starbucks and Costco? Thank you for always bringing a level headed perspective and calming presence in any situation. Your voice of reason is truly appreciated. We're always going to worry about Apple because it's such a big company. Starbucks has political issues at time, but it's loving their area. But Costco, I don't get it. Costco, when it had its vote on D, I suppose in favor of diy. Well, I think a simple reason is it's the best, most lucrative company on earth and if it has di, well then hey, maybe should have more. Okay, now let's go to Robert who wants to know with the big pullback after Marvell's latest earnings report, is this an ultimate bio? The answer is yes. Right now the stock trades at a level that it did before it even had artificial intelligence. That's ridiculous. Matt Murphy's doing an amazing job. I think that stock is an incredible bargain. I am a buyer. Marvell Technology want to thank to all club members. And remember, if you're not a member, join the club. Join the club. You know what I would do? I would scan the code because that other thing with the slash and the this and the that, that's just too hard for me. Sorry. That M's back everywhere. It is time. It's time for the white machine restock. 75 by by of course my ST complex light itself and then the lightning round is over. Are you ready? Ski dag to the lightning. Crazy. We're going to start with Alexandra in New York. Alexandra, hi Kramer.

Caller (Jake) (36:00)

I'm talking about Serve Robotics.

Jim Cramer (36:02)

Serve Robotics. Meme stock. Nope, don't need it. Losing too much money. Hey, by the way, the kind of computers, I'll throw those in too. They're going to go for a couple more days and got to sell them. Let's go to Robert and Florida. Robert. Hey Jim, I appreciate all you do.

Caller (Jake) (36:17)

I have a small position in trade desk ttd.

Jim Cramer (36:20)

I know we need them to come on. I'll tell you we need Jeff to come on. I'm kind of blown away about how badly the stock acts but I know when I read the quarter he was very upset with himself. We get them on, maybe we can get some answers. Otherwise it's going to keep going down, I'm afraid. Let's go to Billy in Pennsylvania. Billy.

Caller (Jake) (36:37)

Hey Jim, first time, long time. Wanted to get your thoughts on Louisiana Pacific.

Jim Cramer (36:42)

I think you should buy it here. Orion Strand board could go higher. President probably going to announce tariffs against Canada for lineup for lumber and LBX is going to go right up to $120. Let's go to Ryan in New York. Ryan, Jim.

Caller (Jake) (36:58)

Happy 20th anniversary to you.

Jim Cramer (37:00)

Thank you, thank you, appreciate it. Let's go.

Caller (Jake) (37:03)

One of the calling by one of the colossal social media companies. They possess a decade's worth of photos and video memories for multiple generations accounting to 443 million daily active users. Only 14 million of those users subscribe to their plus service. Company's been beaten down since its Covid highs particularly due to new issued stock dilution hitting its 52 week bottom this week. Could organic growth turn this company around? Or with a $14.5 billion market cap is there a chance some big whale comes in and looks to eat this fish? Whole stock in question. Snap.

Jim Cramer (37:38)

Snapchat. Too much stock based compensation. They didn't get the balance sheet right. They still, I mean there's possibility to make some money. I got an idea for them. New CEO by the way. There's no crime in that. You just swallow your pride and you just say hey you know what, I'm going to let someone else do it. But let's go to Nathan in Illinois, please. Nathan. Hey Jim. Booyah. What's happening?

Caller (Jake) (38:00)

First time caller here.

Jim Cramer (38:01)

I'm moving money from the sidelines into.

Caller (Jake) (38:03)

High yielding dividend stock.

Jim Cramer (38:05)

All right, I like your call.

Caller (Jake) (38:07)

Should the current administration's protectionist trade talk.

Jim Cramer (38:10)

Worry me about investing in Enbridge. Canadian. No. Enbridge got so much business in America. I would not worry about that. Yield is safe for companies. Dividend risk, the credit. It's a great idea to buy Enbridge. Let's go to Matt. New York. Matt.

Caller (Jake) (38:26)

What's up?

Jim Cramer (38:27)

Jim, you tell me what happened. Says Dan Ives says Downtown is an underappreciated pure play AI company with big potential. Do you think it's a real investment.

Caller (Jake) (38:38)

Or do you think it's.

Jim Cramer (38:40)

I think it's a meme stock and I'm just going to call this meme stocks from now on because that just means, look, you can't really value it doesn't mean my, my instinct and my, my. I can't help you when it's something I sound out because it's a meme stock. It's going to go wherever the meme people want it to go. And good luck with them. Let's go to Vic in Texas. Vic. Hi Jim, how are you? I'm doing fine. How are you?

Caller (Jake) (39:03)

I'm doing it. So I am. I'm. I'm having a stock quite a bit.

Jim Cramer (39:09)

Long, like almost 10 years now out.

Empower Representative (39:11)

And recently it dropped a bit like around 10, 15%. And I would like to know because.

Caller (Jake) (39:18)

The earnings is coming next week, should.

Empower Representative (39:21)

I hold it or should I sell it?

Jim Cramer (39:25)

Which stock? I'm sorry. Accenture reports next week. A lot of people feel the quarter is going to be light. I don't feel that way. I think you should buy it here and that. Ladies and gentlemen, the conclusion of the Lightning Round. The Lightning Round is sponsored by Charles Schwab. Consumers are sick and tired of paying high prices for just about everything, including the beer aisle. So when I heard about this app called Outlaw Beer, a new brand that's severely undercutting all the major players. Quality beverage, rock bottom prices. I had to get the full story. Even though this company still privately held. We usually just do publicly held companies. I think it's an up and come. I think it's something to watch. By the way, we need more companies to follow their playbook. Taking advantage of the high price of everything and the endless price increases that have been put through that. We are so sick of you and me. These guys are undercutting the incumbents with a quality product. So yesterday we sat down with Ari Opso. He's the CEO of Tivoli Brewing Company which is the owner of Outlaw Beer. And I want you to take a look.

Caller (Jake) (40:29)

Look.

Jim Cramer (40:31)

Mr. Upsell, welcome to Mad Money.

Ari Opso (40:33)

Thank you so Much. Jim couldn't be more excited to be here.

Jim Cramer (40:36)

Well, I'm glad you're here because you're doing something that I find to be very exciting. You are disrupting a business that frankly hasn't allowed people to disrupt in a very long time. So why don't you tell us a little about Outlaw?

Bank of America Representative (40:47)

Yeah.

Ari Opso (40:47)

So we build Outlaw and we really, we launched it over the last three years just in Colorado. We're now distributed in 44 states in less than than three years. We're not everywhere, but we're not that hard to find. You can always go on our website, outlaw beer.com, find the closest store. And we built Outlaw because we believe that America deserves a new light beer at affordable prices. And we believe that through our consumer research that people are looking for an alternative in the space.

Jim Cramer (41:15)

Now, I think people have to understand for my earlier generation, beer was pretty cheap. But there have been price increase after price increase after price increase. Give me, say your what it costs to buy a case of yours versus Coors, which I think is made not that far from where your streams are.

Ari Opso (41:33)

Yeah, we make all of our beer ourselves down in La Junta, Colorado. We've got an amazing team down there. Takes an enormous amount of pride in everything that we put out, every case, every can. And you know, the beer itself is really meant to be a disruptor for the category. Right.

Jim Cramer (41:51)

And in other words, high quality beer, equal to what we go in national premium, but at a rather, I mean, we can go against Modelo, against course Bud Light. It really comes underneath those.

Ari Opso (42:03)

It does.

Jim Cramer (42:03)

And yet you can still make money. Your private company, you still make money.

Ari Opso (42:06)

We're low margin, but we're working on scale. Right. Everything when you come, when it comes to consumer goods, scale is where all that margin growth comes from.

Jim Cramer (42:14)

Right.

Ari Opso (42:14)

So we're early stage, but you know, now that we're in 44 states, we're starting to achieve some of that scale. And we want to make sure that we're investing to the best price to the consumer that we can offer.

Jim Cramer (42:25)

Well, one of the things that I think people are fed up with and when I heard about your situation, here's why. Not that I want to sell beer. I like beer like everybody else, but I'm sick of it. I'm sick of everything being right. All our viewers are sick of everybody getting away with it. Just get in the way of raising and raising and raising. We keep thinking somebody's got to be able to come in and make decent money and give us a. Well, turns out a great Beer. Yep.

Ari Opso (42:48)

And look, I think the incumbents with the legacy brands have been opportunistic on every opportunity to take price. Right. And we're fortunate. We've got an incredible group of investors. Right. This takes capital to do.

Jim Cramer (43:00)

Right.

Ari Opso (43:00)

And we've got an amazing group of investors that are backing us the whole way.

Jim Cramer (43:03)

Well, who are some people who are partnering with you?

Ari Opso (43:05)

So retail partners, and we've got marketing partners. So on the retail side, Walmart, Circle K, Costco, H E B down in Texas, they want to bring their customers a great premium beer at an affordable price.

Jim Cramer (43:20)

So they're actually. They don't mind you coming in, even though we've got the incumbents that have all this money in the world drive traffic to their stores. They don't mind you coming in.

Ari Opso (43:28)

They want us to come in because they want to bring better value to their customers and get their customers coming back to shop at those stores.

Jim Cramer (43:37)

Now, tell me about if you put tariffs on, say, a Mexican beer. Now, initially, I know Constellation felt that Modelo number one beer would really, you know, look, you're not going to. The president won't look, care. But the president keeps saying, no exception, no exception, no exceptions. So what would be a. With tariff, A model special case versus you guys?

Ari Opso (43:58)

Yeah, you know, look, I think the import brands will absolutely get hurt by the tariffs. Right.

Jim Cramer (44:03)

Which is bad.

Ari Opso (44:04)

I think, look, there's a break point. But for us at Outlaw, right now, all we're focused on is building a brand and disrupting the category. And so the tariffs. Look, I don't control the tariffs.

Jim Cramer (44:15)

Right.

Ari Opso (44:15)

And we'll roll with the punches and we'll figure it out and we'll manage it.

Jim Cramer (44:19)

All right, so what do you do with. Somebody says, oh, come on. I mean, it's got to be lousy beard, so inexpensive.

Ari Opso (44:25)

Yep. I would tell them, guys, beer is too expensive in this country, specifically light beer. And so we came in and we said, we're going to use premium ingredients. We've got our own brewing process. Like I said, we make all of our own beer and we're going to invest in value to the consumer rather than running super bowl ads and sponsoring every sports team in America. I'd rather give America the new light beer that they deserve at an affordable price.

Jim Cramer (44:49)

All right, so let me say what kind of brewery they have. I mean, they have any. I mean, they use it. A real brewery. They little craft shop. What's that?

Ari Opso (44:55)

So we had our original brewery downtown Denver, actually, in the building from 1859. One of the oldest breweries in the country, oldest in Colorado, but we actually outgrew that in the first six months. And we're at a large production facility down in La Junta, Colorado.

Jim Cramer (45:12)

Okay, so tell us whether. I mean, I. Look, I don't know the geography, but.

Ari Opso (45:16)

You know, eastern southeast, Eastern Colorado.

Jim Cramer (45:19)

All right, now I need to know about what I think is very discouraging to new companies, which is a thing called the three tier system that we have in this country. Yeah.

Ari Opso (45:29)

And look, the three tier system was formed after prohibition.

Jim Cramer (45:32)

Right.

Ari Opso (45:33)

And it was meant to be a solution to drive jobs, to drive the economy, and to, you know, work with alcohol brands across the country. But now that same system is created enormous barriers.

Jim Cramer (45:45)

And that system is that you can own a brewery and also own a restaurant, a place to prevent. There's a layer in between, a distribution layer. You can't go to my favorite bar and give them 10 cases.

Ari Opso (45:57)

No.

Jim Cramer (45:58)

So.

Ari Opso (45:58)

So let's. Let's say Jim's Corner bar opens up right around the corner tomorrow. And you got to know me and said, hey, I want to carry Outlaw beer. I cannot sell you that beer. I need a distributor. I need to convince a distributor to carry the product, and then I need that distributor sell it to your bar to then sell to a consumer.

Jim Cramer (46:14)

Why would I find the distributor? I mean, courses, of course, is my biggest customer. I want to go and give them Alba could hurt me. Of course.

Ari Opso (46:21)

Well, I think. I think what we're seeing is that not only at the retail level, like with Walmart and Costco, but also at bars and distributor level. They're looking for a product within this category that is disruptive, that is affordable, that is bringing back the. The fun of beer. Beer should be fun.

Jim Cramer (46:41)

We don't like 16 beer. We've been paying 16 beer. We don't like it.

Ari Opso (46:45)

Exactly.

Jim Cramer (46:46)

We're paying for a case. We don't want to play it for a single one.

Ari Opso (46:48)

Exactly.

Jim Cramer (46:49)

Well, look, I want to thank you for what you're doing, all right?

Ari Opso (46:51)

I appreciate it.

Jim Cramer (46:51)

It's a good idea. I think that prices have gotten out of control. Everybody should watch what you do. They should figure out a way to be able to come in underneath everybody. I'm not just. They should come underneath in insurance, they should come underneath. In candy, they should come under anything. Cold cars. All right, that is. That's Ari Opso. He's the CEO of Tivoli Brewing, which you will know as Outlaw Mile high light Beer. I say go crack a cold one. Let's say there's always a bull market somewhere pumps are finding just for you right here Made Money. I'm Jim Cramer. See you Monday from San Francisco.

Bank of America Representative (47:25)

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 affiliates, and may have been previously disseminated by Kramer on television, radio, Internet, or another medium. You should not treat any opinion expressed by Jim Cramer as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Kramer's opinions are based upon information he considers reliable, but neither CNBC nor its affiliates and or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. To view the full Mad Money disclaimer, please visit cnbc.com madmoneydisclaimer Is it time to reimagine your future? The right business skills may make a difference in your career. At Capella University, we offer a relevant education that's designed to focus on what you need to know in the business world. We'll teach professional skills to help you pursue your goals like business management, strategic planning, and effective communication, and you can apply these skills right away. A different future is closer than you think with Capella University. Learn more@capella.edu.