Mad Money w/ Jim Cramer 3/24/25

Summary

Mad Money w/ Jim Cramer – Episode Summary (March 24, 2025)

Hosted by CNBC’s Jim Cramer, the March 24, 2025 episode of “Mad Money” delves deep into the intricacies of Wall Street’s current landscape, strategic stock picks, and impactful economic decisions shaping the market. This episode is packed with insightful analyses, interactive caller segments, and Jim’s characteristic fervor to educate and guide investors through the tumultuous investing environment.

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1. Opening Remarks and Market Overview

Jim Cramer kicks off the episode by setting the stage for the current financial climate. He emphasizes his mission to "make you money" and stresses the importance of navigating market opportunities and pitfalls with informed strategies.

Notable Quote:

“My mission is simple to make you money. I'm here to level the playing field for all investors.” — Jim Cramer [04:22]

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2. The Trump Administration’s Impact on Trade and Investments

A significant portion of the episode is dedicated to analyzing President Trump’s economic policies, especially concerning tariffs and their influence on domestic manufacturing and foreign investments. Cramer highlights the administration's strategic moves to attract foreign companies to build within the United States, citing major commitments from global giants like Apple, SoftBank, and Hyundai Motor Group.

Key Points:

• Foreign Investment Surge: Companies are increasingly committing significant investments in the U.S., fostering job creation and domestic manufacturing.
• Tariff Strategies: The administration is pivoting towards more targeted tariffs to encourage foreign companies to invest domestically, balancing protectionism with economic growth.

Notable Quotes:

“There's something very, very worrisome about that four times earnings situation.” — Jim Cramer on GM [29:15]

“America is the only country on earth that's played fair on trade.” — Jim Cramer [19:58]

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3. Top Performers: Gold Mining and Precious Metals

Cramer transitions into discussing the resilience of gold mining stocks amidst market volatility. Highlighting companies like Newmont Mining, which has seen a 26% increase year-to-date, he underscores gold's role as a "preferred port in storm" for investors seeking stability.

Key Insights:

• Newmont Mining’s Growth: The company’s strategic acquisitions and robust gold production have positioned it as a leader in the precious metals sector.
• Gold’s Market Performance: With gold prices surging over the past fifteen months, investments in gold miners have proven lucrative despite broader market uncertainties.

Notable Quote:

“This group’s outperformance in a tricky period shows you exactly why gold remains a great insurance policy for turbulent times.” — Jim Cramer [37:15]

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4. Interactive Caller Segments: Stock Recommendations and Analysis

The episode features an engaging Q&A session where callers seek Jim’s advice on various stocks. Notable interactions include:

• Merck (MRK): A caller inquires about Merck’s potential, given its low PE ratio and dividend yield. Cramer expresses cautious optimism but prefers Bristol Myers Squibb for its diversified drug portfolio.

  Notable Quote:

  “I like Merck at this level, I really do.” — Jim Cramer [09:08]

• Goldman Sachs (GS): Another caller asks whether to sell or buy more Goldman Sachs shares. Cramer strongly recommends buying more, anticipating a wave of mergers and IPOs that could drive the stock higher.

  Notable Quote:

  “I want you to buy more Goldman Sachs.” — Jim Cramer [10:26]

• Starbucks (SBUX): A caller shares a humorous anecdote about mistakenly receiving truckloads of coffee beans and seeks advice on Starbucks’ stock. Cramer advises buying more shares, highlighting Starbucks’ strong brand and consistent performance.

  Notable Quote:

  “I really really like Starbucks. Has come down just enough to be able to time to start buying some Starbucks.” — Jim Cramer [30:20]

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5. Subscription-Based Stocks: Netflix, Roku, and Spotify

In collaboration with Bob Wine, founder of Explosive Options.net, Cramer explores the potential of subscription-based business models as resilient investments in a slowing economy. The discussion focuses on three major players:

• Netflix (NFLX): Cramer praises Netflix’s strong content pipeline and technical indicators suggesting upward momentum.

  Notable Quote:

  “Everything I saw here is just picture perfect of what you want to buy. How about another scripture play?” — Jim Cramer [12:36]

• Roku (ROKU): While acknowledging Roku’s volatility, Cramer points to bullish technical signals indicating a potential breakout.

  Notable Quote:

  “Lang expects an upside breakout with the stock only ripping back to the recent highs near 105.” — Jim Cramer [11:18]

• Spotify (SPOT): Highlighted as his favorite, Spotify’s expanding subscriber base and solid financials position it as a strong investment.

  Notable Quote:

  “I really believe in it.” — Jim Cramer [12:36]

Analytical Insights:

• Technical Indicators: Cramer discusses key technical indicators such as MACD crossovers and RSI levels that signal potential growth for these stocks.
• Market Positioning: The sticky nature of subscription services ensures consistent revenue streams, making them attractive in uncertain economic times.

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6. Boeing’s Turnaround and Defense Contracts

A deep dive into Boeing’s recent performance highlights the company’s stabilization and growth prospects. Cramer details Boeing’s improved production schedules, successful defense contracts, and substantial cash flow improvements.

Key Developments:

• Production Enhancements: Boeing is ramping up its 737 production, meeting increasing demand with no major setbacks.
• Defense Contracts: Securing the $20 billion F47 fighter jet contract signifies strong endorsement from the Trump administration, bolstering Boeing’s defense division.

Notable Quote:

“If Boeing can add some basic execution to the mix, then I bet the stock can keep rally.” — Jim Cramer [37:15]

Market Impact:

• Stock Performance: These positive developments have driven Boeing’s stock to rally by nearly 7% in a single day, restoring investor confidence.
• Future Outlook: Cramer remains optimistic, anticipating Boeing’s stock to potentially reach the high $200s, contingent on continued positive operational performance.

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7. Lightning Round: Quick Stock Picks

The episode concludes with the dynamic Lightning Round, where Cramer offers rapid-fire buy, sell, or hold recommendations based on caller questions.

Featured Stocks:

• HCA Healthcare (HCA): Cramer suggests buying, noting that the stock has been punished enough and is ripe for a rebound.

  Notable Quote:

  “HCA I think, has been punished enough. It's time to buy.” — Jim Cramer [38:05]

• AMD (AMD): Recommended as a buy despite recent underperformance, with a preference for Nvidia over AMD.

  Notable Quote:

  “I do prefer Nvidia though.” — Jim Cramer [39:33]

• Western Digital (WDC): Cramer classifies it as too commodity-focused, advising against investing.

  Notable Quote:

  “Western Digital is too. It's just too commodity for me. I can't get behind it.” — Jim Cramer [38:41]

• Tesla (TSLA): Remains a sell due to perceived overvaluation and market misconceptions about the company’s tech capabilities.

  Notable Quote:

  “At these prices, Tesla the car company could have sales that were cut in half and I don't know how much lower it would go.” — Jim Cramer [42:05]

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8. The Future of the Magnificent Seven

In a critical analysis, Cramer evaluates the future prospects of the so-called “Magnificent Seven” tech giants, expressing skepticism about their sustained dominance amidst evolving market dynamics.

Key Insights:

• Apple (AAPL) and Amazon (AMZN): Despite challenges, Cramer remains bullish, citing their vast user bases and strategic advantages.
• Meta (META) and Microsoft (MSFT): Faces criticism over AI integrations and missed earnings, respectively, positioning them as risky investments.

Notable Quote:

“At these prices, Tesla the car company could have sales that were cut in half and I don't know how much lower it would go.” — Jim Cramer [42:30]

Investment Takeaway:

• Valuation Concerns: Many of the Magnificent Seven are trading at lower multiples, presenting potential buying opportunities if underlying business fundamentals are strong.
• Market Positioning: Cramer advises caution, emphasizing the importance of evaluating each company’s unique strengths and market positioning before investing.

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9. Closing Thoughts and Final Recommendations

Cramer wraps up the episode by reiterating the importance of strategic investment choices amidst economic uncertainties. He encourages investors to stay informed, leverage technical indicators, and remain adaptable to market changes.

Final Takeaways:

• Diversification: Emphasizes the value of diversifying portfolios with resilient sectors like precious metals and subscription-based services.
• Market Vigilance: Stresses the necessity of continuous market analysis and readiness to adjust investment strategies based on emerging trends and economic policies.

Notable Quote:

“There's something very, very worrisome about that four times earnings situation.” — Jim Cramer [29:15]

“America is the only country on earth that's played fair on trade.” — Jim Cramer [19:58]

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Conclusion

This episode of “Mad Money” serves as a comprehensive guide for investors navigating the complexities of the 2025 market environment. Through in-depth analyses, interactive discussions, and strategic stock recommendations, Jim Cramer equips listeners with the knowledge and tools necessary to make informed investment decisions amidst evolving economic landscapes.

For more insights and detailed analyses, tune into the next episode of “Mad Money with Jim Cramer” on CNBC.

Transcript

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[Jim Cramer]

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 Man Money. Welcome to Cray America. I've been making friends. I'm just trying to help make a little money. My job is not just entertain but to educate, teach, explain days like today. So call me 173cbc, tweet me @ Jim Cramer. Declaring victory while you're still playing is a dangerous game. President Trump today felt a lot like a clear victory. Dow gaining 5 or 98 points. S&P jumping 1.76%. The Nasdaq polling 2.27%. The victory I'm talking about is a nonstop commitment by companies to building things here. Things that otherwise wouldn't be built here. You got to admit that it's pretty amazing. Amazing list of companies, a lot of jobs in their way. January Stargate Joint venture, Oracle, Japanese company SoftBank, MGX from the UAE and OpenAI committed to $500 billion data center build out here. I know some of that's already in the works. In February, Apple committed to 500 billion in projects over the next four years, aiming to create 20,000 jobs. In March, Taiwan SEMI committed to an additional $100 billion on top of previous pledges 65 billion to build highly advanced semiconductor fabs here, not Taiwan. The UAE just announced a $1.4 trillion investment commitment to be building here over the next 10 years. That's, by the way, the biggest foreign investment committee commitment ever. And now Hyundai Motor Group has announced a $20 billion investment commitment putting a $5.8 billion steel mill in Louisiana. Those are wins, big wins. There's also now a paradigm that companies can follow if they want to have access to our markets. They just got to play ball with Trump and with our country after years of getting a free ride. While I'm not taking much of our product at all, I expect all Korean and Japanese car companies to commit, like Hyundai. If they want to avoid the worst of the tariffs, they'd be foolish not to. I don't think the Germans would be any different. They're built in Mexico endlessly. Now they have to build here or they like one of access to our markets. You can call it extortion. I don't know. There's no doubt it's working, though. There could be wins in shipbuilding, too. That would be something that. They destroyed our industry. Foreign companies did that ages ago. And if you want to sell it at Wal Mart or Costco, maybe you have to pay the piper, too. And if he's lucky, Trump will get China to build here in return for, well, nothing. Because they know that he has a vicious temper. If you don't play ball and it isn't worth, fight the guy. How certain am I of this? Look, the stock market is pretty unfailing its understanding of Trump. Ever since we realized that he's determined to bring back domestic manufacturing via tariffs. And that's job one. The new jobs aren't the same, I know, but their tribute. And now that we're getting these announcements, he's suddenly willing to be more targeted with his tariffs clearing victory. Now, why is this happening right now? First, we're on the verge of the April 2nd tariff deadline. I think there's a lot of companies, foreign companies, that line up one by one to show that they want to keep our markets open. To make that happen, they know they got to pay up. Hey, pay up. Second, Trump's been listening. Now he's seen executive after executive from American companies and he's asked them what he can do to help their businesses do better. He doesn't want to harm US Companies that hire here and expand here.

[Donald Trump]

He.

[Jim Cramer]

He does want to harm those that don't. I'm told the behind the scenes meetings with the President are convivial and substantive. Executives who I thought would be lambasive for asking for special treatment are instead finding a president who's complimentary and constructive and wants him to do well, which they say, which they all say is, to a person, is a better deal than they got from the previous president. For example, Nvidia CEO Jensen Huang had some very good things to say about his meeting with Trump. They didn't make this stuff up. Listen to this.

[Jensen Huang]

Frankly, he was terrific.

[Jim Cramer]

He was straightforward, direct, remembered our conversation.

[Jensen Huang]

Really engaging, I thought. Super charismatic. I really enjoyed the meeting.

[Jim Cramer]

He really enjoyed the meeting. Finally, there's what happened two weeks ago, two Thursdays ago, more accurately, when the stock market official went into correction mode. Sell, sell, sell, sell, sell, until the market broke down like that. I think the president perfectly willing to hammer anybody just to get his way. But the attitude out of Washington hasn't been the same since we went to correction mode. I sense a moment where things are going the President's way and he wants to be magnanimous to those who are doing what he perceives to be the right thing. I know that Treasury Secretary Besson, well, he hasn't really gotten on board with this view. He seems to be all about indiscriminate pain. The house of pain doesn't seem to bother him at all. If the stock market gets blasted. He knows from his 35 years in investing business, the stocks do go up and down. I get that. I don't think President Trump feels that way, though. I don't think he wants to punish good American companies that make things here. That seems like a new development. Now. It's entirely possible that since the market has bounced back, we're going to hear once again about protectionist tariffs, the kind that President McKinley favored. We've talked about President McKinley before on the show. It seems like President Trump's people do favor him. Now, consider those kinds of McKinley tariffs as blunderbusses, the kinds of guns that hit everything. When the President speaks to business people, they always stress that protectionist tariffs are too heavy, too broad. They favor the use of more accurate weapons, like reciprocal tariffs, the kind that won't hurt American companies unless they've worked hard to get out of the United States. I think that what happened here is that when the market hit that correction level, the President may have heard the entreaties by many of us that the stocks of good companies are getting blasted. He seemingly didn't think that those companies should see their stocks get crushed. I share that view. Now, let's understand each other first. I can't be sure that Trump has changed, but I do believe that he's never lost sight of the markets and he watches the business channels. Second, none of this is is political, just clear eyed assessment of what the President's trying to do. He wants more domestic jobs and domestic manufacturing. If it comes to the expense of cheap stuff from overseas, hallelujah. Third, if companies like Apple come in here then why wouldn't Trump favor those companies and help them? Why should he insist that Apple pay a high tariff on the parts of phones or phones they bring in after committing such a huge amount of money here to our country? Finally, none of this has to do with Mexico and Canada where it's entirely possible the companies could get hurt. It's hard to tell because no one involved in the Mexican chain of imports seems to know what to do. I know that Mark Carney, new Canadian prime Minister will elect he's got a snap election coming up isn't going to play ball with an election coming up now therefore lumber's in play and I think the rally in the homebuilders is some danger to it especially after KB Home support just so number tonight. I think the reciprocity I didn't I've not heard a lot of reciprocity between the United States and Canada. They're very unhappy. That 51st state rhetoric. I can't blame him. Had book Carney's book this weekend. It's kind of hard but that's okay. He's got a lot of my like this one. But what really matters is that there's a course of action that will allow foreign countries or even individual foreign companies to ameliorate tariffs. It's a path and once you get a path yet possible transparency and certainty and that's what stock markets like. That's what this stock market likes. It's. It's why I can keep rallying as long as the McKinley tariffs are are gone and the much more reasonable reciprocal tariffs are in. Of course if you're a die hard free trader you're probably still appalled by all this and everything I talk about. But I point out the free traders have been calling the darn shots ever since World War II, even though the game plan stopped working decades ago. Here's the bottom line. At the end of the day, America is the only country on earth that's played fair on trade. Everybody else breaks the rules to protect their domestic businesses. That's hollowed out our industrial heartland and that dynamic can only change if our government takes a more carrot and Stick approach. So I mean, Trump doesn't go overboard. That might just be what we've got. And it means stocks can finally stage a real rally again. Big Michael in Indiana. Michael, Booyah. Jimmy C. Oh, man, what's up?

[Michael]

Hey, second time caller, very happy club member.

[Jim Cramer]

Thank you. What's going on with you, man?

[Michael]

I'm doing great after this great day. Let me just say though, with all the catch.

[Jim Cramer]

Yeah.

[Michael]

Monthly and morning meetings that you get and your Sunday column, which I thoroughly enjoy, how can I be getting all of this for only a dollar a day?

[Jim Cramer]

Well, it beats the heck out of me, but I didn't determine that pricing and if I had, it wouldn't be what it is. But that's okay because you see, I'm a puppet. Go ahead.

[Jensen Huang]

Jim.

[Jim Cramer]

I bought. I like the truth, you know the truth. At my age, the truth has a resonance to it. It's kind of dynamite. Go ahead. I'm sorry.

[Michael]

Don't ever retire.

[Jim Cramer]

Well, you know, if I'm a puppet. Go ahead.

[Michael]

Hey, I bought this stock at $116 and I've been taking a beating on it ever since. I've wanted to cry like a baby, but I'm a grown man, so I have it. But it's got a PE of less than 14 and it pays a dividend over 3. My stock is Merrick. Should I buy?

[Jim Cramer]

Merck is. You know what? Rob Davis does a good job. Merck is all hung up on the fact that Keytruda is the only real drug, big drug they have. Look, I'm going to say something that could get me in trouble. But I like Merck at this level, I really do. But I've got to tell you and Michael, you know, I play it straight. I like Bristol Myers a lot more bmy I like it a lot more because that schizophrenia drug is on the cup. I need to go to IRA in Florida. Ira. Ira, Florida.

[Michael]

Jimmy, I bought the Goldman Sachs about.

[Jim Cramer]

A year ago and the stocks up quite a bit. Do I sell it and take the profits? Do I do nothing? Sachs sell? I want you to buy more Goldman Sachs. We're about to have a wave of mergers you wouldn't believe in. A new wave of IPOs and people don't seem to realize it. I seem to be the only person realize that you want to buy more Goldman right now. Like the club. I'm going to say my old home state. Sam. Pennsylvania. Sam.

[Jensen Huang]

Jim, how are you?

[Jim Cramer]

Sam? I am fantastic. How about you?

[Jensen Huang]

I'm good. You know, Jim, one company that we could be looking at A turnaround story here is Intel. You know, they just got a new CEO. But what is interesting about the company being a US domiciled chip maker. The company's outperformed video and Taiwan semi in the last six months and I think this could be an interesting turnaround story with the fact that they have 70% of their chip foundry business takes place within the US so we don't have to worry about tariffs here.

[Jim Cramer]

All right, Sam, listen and listen good. Okay, Lip Bhutan is real. Now he can't turn around instantly because the balance sheet is not good, but my money is indeed on Intel. Hey, by the way, AMG is starting to get a couple contrasts there. But Lipph Bhutan is an amazing man. He's an incredible CEO and he will do incredible things. And those who know me know that I have been quick to criticize Intel CEOs. So I didn't think we're up to it. This man is up to it. Call me a fire if our government treats tariffs more. Looking at carrot and stick situation, that might be finally enough for stocks to keep the rally going. Remember, I am not a free trader. Okay, so I like what I'm seeing on my money. Tonight I'm kicking off a series on stocks that have been shiny despite the recent slowdown. You'll like what I have to say about a golden opportunity. That was my reveal. What could be, let's say, my second favorite stock in the group. Then should you be subscribing to some consumer plays in this environment? I'm going off the charts to find out. I got, I got a couple of good ones. And later I'm breaking down both recent rally. If I think the stock could keep gaining altitude, I want you to stay with the stock market and I want you to stay with Kramer.

[CNBC Producer]

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. Missed something. Head to madmoney.cnbc.com.

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[Jim Cramer]

Today we got a huge reprieve thanks to noises out of the White House that the upcoming tariffs may be more targeted than expected. But we're still in a tricky moment as we wait for the tariffs to go into effect next week. Even though the averages have been rebounding because the President said he'd make the tariffs reciprocal, rather more punitive, protectionist version, there's still way too much uncertainty to declare that the sell off truly is over. Sell, sell, sell. So while we catch our breath this week, I want to spend some time talking about what's actually working in this market. The stocks that are thriving have come down big from their February highs. After today's excellent gains, almost exactly half of the stocks, the S&P524, nine out of 500 are still in positive territory for the year, which is much better than you might expect. In fact, more than 90 stocks are up over 10% for 2025. They're just not as visible. I think these winners can tell us a great deal about what's worth owning, even if things got really ugly going forward. That's why all week I'll be going through the 10 biggest gainers, the S&P 500 year to date. Of course, not all of the 10 best performers are worth highlighting. Some of these are simply stocks that were beaten down badly last year and due for a bounce, like CVS and Supermicro, which are up 51% and 37% for the year, respectively. CVS is benefiting from the fact that their chief rival, Walgreens, made a deal to go private and their managed care business, Aetna, is putting up better numbers. Mainly, though, CVS got too cheap last year and frankly, after they brought in a new CEO, it finally mounted a comeback. But at the day, at the end of the day, this is still a drugstore chain and I don't like that business. And you know why? It's because of the Amazon Death Star Supermicro about it. Because it finally managed to file an annual report when these were real questions about whether it could put the numbers together. People were worried the stock might get delisted. But again, Super Micro simply fended off something very bad. It didn't suddenly become good. Then there's Philip Morris International in seventh place, up 26% for the year because it's consistent tobacco play in an uncertain environment. I have a long standing policy of just not recommending tobacco stocks, partially for ethical reasons, but mainly because I think that the future of the industry is ultimately very bleak. So which of the year's top gainers are worth your attention? Let's kick off this series with the seventh best performing the S&P 500, and that's Newmont Core, formerly known as Newmont Mining, which is up 26% year to date. Newmont's the only gold miner in the S&P 500, but the other gold miners are all doing great too. We just spoke to Agnico Eagle a couple weeks ago and that stocks up more than 33% for the year, back goals up nearly 22%. One my old favorite I like Agnico Eagle more, but let's give Newman its due for a minute. This company's had a few noisy, noisy few years with the acquisition of Newcrest Mining that closed in late 2023, creating the top precious metal mining company in the world. They followed that up with billions of dollars of asset divestitures last year. The new Neumann is still the world's leading gold company by production, although it also produces copper, silver, zinc and lead with operations spanning the globe. Firstly, in this America first moment, the company is based in Colorado. Last month Newmont reported a robust quarter substantial top bottom line beat fueled by stronger than expected gold production. However, their full year forecast was a little disappointing, at least according to the analysts, which is why the stock sold off in response. Still, after a few weeks down from its from its highs, the stock heated up again this month and it's now just below where it was when Newmont reported because gold prices have been surging. I think this is a cheap stock selling for less than 14 times this year's earnings estimates, which a big discount to Nico Eagle, my favorite again at nearly 22 times earnings, although the latter should have much better earnings growth this year. And I think as I've always felt was all right, let's say it better run, I'm not the only one who believes the stock's too cheap. Newmont clearly agrees as they bit a big purchase of their own shares. If you're looking for a gold miner, this is a good, good option even though Nikko Eagle remains my favorite at the moment. But the real takeaway from seeing Newman on this list of top performers is the fact that the gold complex has once again proven itself to be preferred port in storm for investors when the market gets Choppy. Yes, Newman's on the list of the year's top performers because gold prices continue to climb aggressively higher. The precious metals now up around 14% for the year, having climbed from just over 2600 at the end of 2024 to above 3000 now after breaking through that milestone level earlier in March. Even better, gold's up nearly 50% in roughly 15 months, having entered 2024 not far above the 2000 level. This thing has just been on fire. Listen, we've heard a lot of talk about bitcoin becoming the modern store of value these past few years. Everyone talks about crypto as a digital equivalent to gold, but it's clear they play different roles in your portfolio. I've got nothing as crypto on a lot of it myself. But during this rocky period over the past month and a half, we found out that when people get fearful, they still want real gold. Meanwhile, bitcoin's been trading like the NASDAQ composite, despite the arrival of the very pro crypto Trump administration. Because off about 6, it's off about 6% for the year. And on these crazy days that we've had too often in 2025 where tech's leading a broader market sell off, you tend to see bitcoin going lower too, while gold holds up just fine or even presses higher into all time high territory. Yet this year has proven to be another example of of why long advocated for having some gold exposure. If you want to call it a 10% allocation gold or 5% gold and 5% bitcoin or just a little gold, you need some exposure as kind of insurance policy for your portfolio. You can own gold bars purchase at Costco though it's a huge pain in the neck to us. You got to store the stuff. The relatively low cost SPD are gold shares etf, the gld. That's a great option if you want something that's directly mirrors the price of the metal. But these gold miners I mentioned tonight have been working incredibly well. Whether you're talking about Newmont, a top 10 performer in the S&P 500 for the year, or one of the others. Like a vehicle, this group's outperformance in a tricky period shows you exactly why gold remains a great insurance policy for turbulent times. And I really believe in it. Here's the bottom line. Newmont's just the beginning. Tune in tomorrow night and all throughout this week to hear about some of the best performers in the market. The ones that have held up despite the hideous action of the past month and a Half because they're what works if things get ugly again. Bit money's back after the break.

[CNBC Producer]

Coming up, could companies with subscription models hold the key to this market? Kramer is going off the charts to find out next.

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Get out there and do it.

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[Jim Cramer]

I said was a fantastic day for the bulls. White House indicating that the president's tariffs might be narrower than expected. That allowed the averages to work. The one thing we know about this administration is the trade policy can change on a dime. Lots of people worried about the impact of these trade wars. Consumer confidence already started falling. We're seeing large layoffs in the government sector because of Elon Musk Doge while labor market's been holding up very well. That's definitely something to worry about. And I know that retail sales many people are worried about. Okay, now I never thought we were headed for a recession, but clearly this economy is in worse shape than it was say six weeks ago. Of course, the one thing we don't have in this environment is any sense of certainty. And when the fundamentals are uncertain, I like to pull back on the technicals. That's why tonight we're going off the charts with the help of Bob Wine. He's the founder of Explosive Options.net and the author of Know youw Options. Specifically, we're hunting for the kind of consumer oriented stocks that can still work even in a slowdown. And for that Lang Argu she want companies with terrific subscription based business models. You know I'd like these all along. I couldn't agree more. Once people get locked to a great service they almost never cancel would be Costco, Amazon Prime, Netflix. After viewing the charts, Lang has three subscription based stocks that he likes. And he likes Netflix. He likes Roku, like Spotify. Obviously Netflix needs no introduction, right? They practically invented the streaming business. And no one else has ever been able to catch up to them. These guys also have a knack for pumping out great content that's popular all over the world. They use a lot of titles and we've all learned to use titles. So what do we see in the Netflix chart? All right, first, Lang points out that this stock has had a lot of stuff. An enormous gap up. In January, the company reported a phenomenal quarter gap. That is pretty amazing gap. Then starting in mid February, the stock rolled over along with everything else in the group to the point where it completely filled the gap. As length sees it, that reset the stock and Netflix has been rebounding ever since. I like that he reset it. That's the way to think about it. At this point, it's up more than 9% for the year. Better performance than most tech or tech adjacent names. Right now Netflix has a ceiling resistance at $1,000. Okay, is there we go up less than 30 points from here. But it's been rebounding on strong volume play, which is always a good sign. Remember, when it comes to the charts volumes like a polygraph, a move on high volume is generally a move that's telling the truth. If Netflix can break out above $1,000, lang things to go all the way up to 2012, 1250, which we don't even have a space for. Now looking at the Mac day moving average convergence divergence, this is one of the technologies favored lines. This is a powerful momentum indicator that can help catch changes in the stock trajectory before. That's the key word, before they happen. So in other words, you can take action. In the case of Netflix, the MACD recently made a bullish crossover. And you see that right here. Okay, notice that's the. You can see, this is an odd thing, but you can see that. I hope you can see it that it crossed over where the black line crosses above the red line. And that's among the most reliable positive signs of the business. At the same time, the Chaikin money flow sema, which measures buying and selling pressure is slightly bullish. Okay, that means the big boys, they're not backing away from this one at all. Now take a look at this chart that highlights the relative strength index or rsi. That's another momentum indicators just a little clearer here. It started bouncing after hitting oversold territory earlier this month. All right, you can see these are things that you can see where boom, oversold. Okay, right now it's still around 50, which is very good. Which tells Lang that Netflix has a long way to go with this rally before it gets overboard. That's important because what you're going to see is this is where, well, whatever. Lang also likes to stock 40 above the 50 day. That's what I like. Okay, that's, that's my key one. In recent sessions. It's above that level, which is very, very positive. Put it all together, you'd be a buyer of Netflix right here, right now, and so would I. Everything I saw here is just picture perfect of what you want to buy. How about another scripture play? Lang is also a big fan of Roku. That's a streaming service. That is the software directly installed in most new televisions country. They currently reach more than half of the households with broadband in America. 90 million people use a streaming platform and they've been able to consistently grow their user base. Plus lately they've done a good job of betting of getting their hands on quality content. Of course, when you look at Roku's daily chart, this is a roller coaster. It's really hard to make any sense of it. Lang says it's on the more speculative side. I would say is completely, completely speculative. But from its highs in February to its lows earlier this month, Roku plunged from just under 105 to 66 dollars and change. However, the stock looks like it's put in a bottom about a week ago, right above. Right below the 200 day moving average. All right, that matters. Red. Red is 200 day moving average and it's rebounded all the way to the low 80s. And that's kind of an interesting level. The thing is, Roku just started to rebound. Lang points out that the chicken money flow down at the bottom is still pretty darn bearish. See, it's down below that. That's not good at all. Very ugly. The MACD line though is currently in the process of making a bullish crossover. Remember now, I like to see the bulls crossover. I don't like the making in the process, but let's go with what Bob says. He said you can expect the black line to cross above the red line very soon. And again, that's a very consistent indicator. The stock's got more upside. In today's trading session, Roku cross a ceiling of resistance at the 50 day moving average. Now Lang expects an upside breakout with the stock only ripping back to the Recent highs near 105. If the stock lingers in the current range between 75 and 80. This one would be a good one for you. Okay. It's a good sign. It might be a good option. Good one for call Options too, if you're really, you know, a little bit more into it. Lang's not ready to give you an all clear here, but if Roku does trade sideways for a few weeks, you might want to get ready to pounce. Finally, there's Spotify, Long my favorite. The music streaming service with an incredibly sticky business model. They now have more than 263 million global paid subscribers, up from 124 million five years ago. Again, nobody wants to get rid of their music service. That represents incredible value given the low monthly price. So how does the daily chart look? Lang notes that Spotify recently tested its 50 day moving average, then rebounded with decent volume. Then the stock's MACD line has already made that crossover that we like so much. See that right there? They're all about to do this. That's one of the most reliable signs in the business, Langston. Spotify is now building a base at a higher level. It started trading sideways, but in this view, that often means the next move will be in the same direction as the previous move, which means it's going higher. Spotify shaking money flow. Not bad, right? Still positive. Back in positives November. Even the big sell off didn't scare the big money away from Spotify with the stock's recent rebound. It broke a key downtrend line and rose above its cellium resistance on healthy volume last season. The big institutions are still buying this thing. And he wouldn't be surprised if this $600 stock makes a run at $700. Good story. I remember it was like in the three hundreds. That's amazing. Now here's the bottom line. The charts interpreted by Bobline suggest that Netflix and Spotify should work in this tricky environment. And Roku can trade sideways for a few weeks. He'd like that one too. Now, if I were to do this, I would buy common stock Spotify, I would buy common stock Netflix and I buy calls on Roku. That way I cut off my downside. Let's take questions. Let's go to Paul in Ohio. Paul.

[Jensen Huang]

Hey, booyah, Mr. Kramer.

[Jim Cramer]

Booyah, Chief. What's up?

[Jensen Huang]

Hey, thanks for all you and your staff do.

[Jim Cramer]

Thank you. Sam is great. Oh, fantastic. Thank you.

[Jensen Huang]

Proud club member. And I'm able to retire early because of your help.

[Jim Cramer]

That's what I want to hear. And that's why we do this. That is the purpose of this.

[Jensen Huang]

Very good. Hey, I'm calling about a great American company founded in 1956, whose high quality products and customer service has helped shape the American culinary landscape. What does the future hold for Williams Sonoma?

[Jim Cramer]

Okay. I think the stock got ahead of itself before that quarter last week. I didn't mind the quarter nearly as much as other people did. I think that this is a digital first company swing a lot of things right. I think that Laura Albert is doing a fantastic job and I would be a buyer of this stock at 18 times earnings which is really darn cheap. Let's go to Dane in Florida. Dane.

[Jensen Huang]

Hello Mr. Kramer, this is Dan. How are you today?

[Jim Cramer]

I am good Dane, how are you? Hey.

[Jensen Huang]

Well thank God it's Monday. You know thanks for go and thought of that. Yes sir. So I wanted to ask you about the self driving partnership with GM and Nvidia especially down here in Florida. You know we could really use some self driving cars here, you know.

[Jim Cramer]

Yeah, yeah.

[Jensen Huang]

You know I mean 90% of the people down here got their license that in the discount aisle, you know so.

[Jim Cramer]

Yeah, yeah. Well look, let's talk about it. GM sells at four times her age. That's actually a red flag. If the president does get involved heavily with Mexico and Canada and auto parts they have the most to lose. That said, they've got a big buyback. I think it's a little bit. I think it's a push. I'm not going to recommend it right here until it pulls back a little. There's something very, very worrisome about that four times earnings situation. That means that those estimates are going to have to come down which means that the tariffs are going to be against them. Let's wait and see. I need to go to Trey, our buddy Trey in Texas. Trey.

[Jensen Huang]

Jim. It seems like every time I venture into the market without consulting you first, something catastrophic happens.

[Jim Cramer]

Okay.

[Jensen Huang]

For example, this past Friday I had 50 truckloads of coffee beans delivered to my house after executing a futures trade. I guess I didn't fully understand. Despite the fact that I'll personally never have to buy a cup again. I do remain bullish on coffee and wanted to see if you think Starbucks will wake my portfolio up.

[Jim Cramer]

I like Starbucks right here at 95. I think it's just a total win. I don't. I think you buy some actually you should be selling calls on it because all that coffee got trade. But I actually, I really really like Starbucks. Has come down just enough to be able to. Time to start buying some Starbucks. Donate any. The club already has some. And take it to the phone. All right. The charts is interpreted by Bob Lang suggest that companies with subscription models could work best in the environment. Stocks like Netflix Spotify and Roku. I couldn't agree with more. There's much more man Monday, including my look at the headlines shaping this week's run up in Bowie. Then do the Bulls or Bears have a better look at the Magnificent Seven road ahead? I'm running through the group now that people are thinking they're going to bounce. And all your calls, Rob McFarr and tonight's edition of the Lightning Round, so stay with free. Last week Boeing rallied more than 10% on top of a 5% rally. The week before board today attacked on another 1.6%. The stock still up almost 25% from its recent lows a couple of weeks ago. This is big, people. Boeing has been a wild trader in recent months after a long period of turbulence. Stock managed bottom in November is clear about clear bottom. After new CEO Kelly Ortberg started cleaning up the balance sheet and Wall street figured the Trump administration would reduce the regulatory burden on the aerospace place, they reported a solid quarter in January. The stock kept rallying. But then the last few weeks happens and with Boeing unraveled along with the rest of the market, didn't really make sense because these guys have a huge wait list for their planes. But it's hard to bet on a turnaround when the whole stock market's falling apart. Fortunately, Boeing bottomed again a couple of weeks ago after putting solid orders and delivery numbers for February, a clear sign that their core business was stabilizing. That's what we've been looking for. Now. Last week was the real catalyst, though, with two big developments that sent the stock into the stratosphere. After years lost in the wilderness, it's looking like Boeing might finally be back. So what happened last week? Well, first on Wednesday, CFO Brian west made an appearance at the bank of America Global Industrials conference, where he gave a much more positive assessment of the company's current operations than many were expecting. The first question posed to west was basically, hey, how are things going? And his answer was that the years off to a pretty good start. First, west gave a couple of positive production updates with legitimate progress for the Trouble 737 project program, which is moving closer to being back in production. That's what's really needed now. The 77 program is stabilizing five planes per month. West said that Boeing is on track to increase that later this year to seven per month. But it's a 737. That's the money. That's what people want. That's what the airlines want. Crucially, there have been no major Setbacks to report. Very unusual for Boeing. Sorry, big change from the recent history. The west then ticked through some more topics offering additional bits of good news. Boeing's long suffering defense business is to quote, starting to see signs of stabilization. The services business is quote, continuing to perform very well. West also teased that deliveries for bca, that's Boeing's commercial business, could be a bit better than expected. And in what might be the most positive part of the whole presentation, west said Boeing's quote, seeing less working capital drag, which could result in hundreds of millions of dollars worth of cash flow improvement. Remember, this is a company that just had to raise over $20 billion from equity sales because it was burning so much cash. And when management issued its full year forecast for 2025 in January, it was still guiding for a quote to be this be a use of cashier, meaning negative cash flow. But now it sounds like the cash flow picture is better than it was even two months ago. Boy, that's a major development. It's very small compression period of time too. On top of that, west is playing the tariffs won't be a big headwind for Boeing because 80% of their commercial supply chain and 90% of the defense supply chain is based on in the United States. They source everything they can domestically so that they can throw business to crucial congressional districts. For these guys, buying Congress is more important than keeping costs low. But you know, they got to influence the situation. West also touted Boeing's enormous half a trillion dollar backlog as a structural advantage on the tariff front because the company can say, prioritize an order for a domestic airline, deprioritize an order for an international airline where tariffs might apply. Put it all together and you can understand why the stock rallied nearly 7% on Wednesday. The second big positive surprise for Boeing came on Friday when President Trump and Secretary of Defense Peter Hegseth announced that Boeing's defense business had been awarded the contract to build the US Air Force's next generation fighter jet, dubbed the F47. This program will replace Lockheed Martin's insanely over budget F22 Raptor program. And it might be worth more than $20 billion to Boeing over the course of its lifetime, maybe more. This was significant upset people. Lockheed also oversees the F35, which is currently our most advanced fighter jet program. While that program has been marred by delays in cost of runs, Lockheed was still seen as they were. Lockheed was seen as the technology leader when it comes to these advanced fighter jets. Boeing meanwhile, has held all sorts of setbacks for they've had all sorts of setbacks for its defense program, including delays and cost overruns for the new Air Force One, something that strong President Trump's are Nobody is betting on Boeing winning the F47. But then the Trump administration surprised us last Friday. While it'll be years in the future before we see the impact of the this contract, one analyst from Jefferies estimated it could be worth 25 cents of earnings per share down the road. Assuming Boeing trades at 20 times earnings, that's $5 for the share price. Stock actually rallied more than $5 on Friday alone, largely because this was an incredible endorsement of Boeing's beaten down defense business. But all together, for the first time in ages, Boeing's delivering consecutive positive surprises rather than new problems for the bulls to chew on. Listen, I think it'll still it's still early in the Boeing turnaround effort. I'd love to see a quarter, maybe two, of stronger results rather than some vague comments about improving production from the CFO at an industry conference. That was meaningful. And I think you'd be forced to assume that no setbacks for Boeing going forward, even if you believe that business can gradually get back to where it was just a decade ago. But having said all that, it is tough not to be encouraged by last week's news flow. Under new leadership, Boeing feels like it's getting its act together. I've never been willing to totally give up on this one, largely because there are only two companies on earth that can produce large commercial aircraft at scale. If Boeing had more competition, it would have been a corner. But there are simply too many airlines that need planes and not enough companies that know how to make them. So what happens if Boeing can add some basic execution to the mix? Well, then I bet the stock can keep rally. Sure, it's already had a nice pop off its lows for the past couple of weeks, but if Boeing simply stays on track with its plans to ramp production while the defense business keeps recovering, that means more upside. Maybe it's because I have a soft spot for great American companies, but I sure hope to see more positive headlines coming out of Boeing going forward. Bottom line, if these guys can keep delivering, I don't see any reason why this $180 stock can't get back to the high 200 where it peaked in late 2023. And that's not even considering the stock's all time high of worth $446 and changed set nearly six years ago now in March of 2019. Man, money is back after the break coming Up.

[CNBC Producer]

Kramer takes your calls. And the sky's the limit. It's a fast fire. Lightning round.

[Jim Cramer]

Next. It is time. It's time for the light round. Clergyman jump. Rapid roll. You save the sockets. Headed by. By sell. Just be clear. I know the course ahead of time. I stand for bridge. The grave is over. Your plan is that. And then the lightning round is over. Are you ready, Ski Daddy? Time for the lightning round. Crazy. But I'm gonna start with Curtin, Illinois. Kurt. Booyah.

[Jensen Huang]

Jimmy C. I got a quick. Jimmy C. Real quick. I go to sleep. I go to sleep and everything's in the green. By the time I wake up, everything's in the. The red. I feel like Dorothy and the wizard of Oz. A total. Hey, total. We're not in Kansas anymore. What do you think and what do you think about hca?

[Jim Cramer]

Okay. HCA I think, has been punished enough. It's time to buy. And I do think that your. Your depiction of what happens every day is absolutely right. And I feel it's just. It's not manipulation, but it's a pain. A pain in the butt. Let's go to Sujan. I'm sorry if I pronounce that wrong. In Oklahoma. Sujan.

[Jensen Huang]

Hi, Jim, how are you?

[Jim Cramer]

How are you? I'm doing well.

[Jensen Huang]

Yeah, I'm doing good. Yeah. Thank you for receiving my call. Yeah. Your advice has been helping me a lot. My question is about Western Digital. What do you think about it?

[Jim Cramer]

Western Digital is too. It's just too commodity for me. I can't get behind it. I'm very sorry. Let's go to Shelley in West Virginia. Shelley. Hey, Jim. I love watching you every day at 9am and 6pm Eastern time. That's my favorite time of the day. Thank you. I'm a long term investor in amd, but it doesn't seem to be doing much lately. Maybe a little bit today. My question is, is AMD a buy, sell or a hold? Look, AMD is getting some business from. I understand it. That gets business from Jack Matt in China. The stock is not expensive. I don't mind you buying it. Let's. I do prefer. I do prefer Nvidia though. Let's go to Paul in Michigan.

[Jensen Huang]

Paul, we are from Michigan. Jim.

[Jim Cramer]

All right, man, what's happening?

[Jensen Huang]

What are your opinion on Titan American Cement?

[Jim Cramer]

No, I'll tell you, I'm not. Cement is really one of the ultimate commodities. I can't go there. I'm very sorry. Let's go to Rob in Canadian. California. Rob.

[Jensen Huang]

Oh yeah, Jim.

[Michael]

Rob from California.

[Jensen Huang]

Thanks for Taking my call.

[Jim Cramer]

All right, I want to see if.

[Jensen Huang]

I should be back in that truck into Nibias.

[Jim Cramer]

I saw the NBUS booth. I was at the NBUS booth at the GTC festival. But I have to tell you, I'm not recommending stocks that are losing fortunes. And Nibius is losing fortunes. Let's go to Zach in Indiana. Zach. Booyah.

[Jensen Huang]

Jim, this is Zach from Indiana, but my good friends call me Moose.

[Jim Cramer]

All right, Moose, what's happening?

[Jensen Huang]

Hey, listen, Jim. Hey, I'm a longtime viewer, first time caller.

[Jim Cramer]

I want your take on Aspen aerogels. Moose has stumped me. Hey, Bullwinkle. I don't know that name. I'm gonna have to come up with a. I'll have to do a little work. I'm getting Moose. I'm gonna dump that one on Ben. Right on his head. Boom. Aspen aerogels. Well, there you go. I have a. I'm wearing soft gels, but those are more of kind of a orthotics. Let's go to Jeff in Wisconsin. Jeff.

[Jensen Huang]

Jim, I did not stick. I did not stick with Kramer. Now I live in a van down by the river. Jim, my van is too small. I need a Winnebago. When do I cover my short on wgo?

[Jim Cramer]

No, no, I'm a Thor guy. And I'm not, you know, no, we're not going to be. That is the wrong, it's not that point in the cycle. It's the wrong point in the cycle because you need about 5, you need about 72 rate cuts for some of these. Let's go to Brian in New York. Brian.

[Jensen Huang]

Jim, if MP material is, if you're able to actually create the physical magnets that are going to go into the robots.

[Jim Cramer]

I know I've been recommending the stock forever and it's finally happening. So I'm going to just say, you know what? Let's stick with it. I am not going to say, hey, after all this time. Time. It's time to go. Latinsky's done a good job. I, I, I, he's been sticking with it, and I gotta hand it to him. What can I say? He never gave up and good for him. Let's take one more. Let's go to Stafford in California. Stafford.

[Jensen Huang]

Hey, Jim, how you doing?

[Jim Cramer]

I'm doing all right. How are you?

[Jensen Huang]

I'm okay.

[Jim Cramer]

AMR Alpha Natural Resources. Oh, my God. Really? Oh, my God. All right, you know what? We're gonna look at the scene. It's down 30. I, I really have to duplicate. That's a twofer gotta look at them and we gotta look at that. The Aerojet General there. The aerogel and that. Ladies and gentlemen, conclusion of the Lightning Round.

[CNBC Producer]

The Lightning Round is sponsored by Charles Schwab. Coming up is the pessimism surrounding the Magnificent Seven overdone Kramer sharing where he comes down on the once love group next.

[Jim Cramer]

Everybody knows the Magnificent Seven is not so magnificent anymore. With last week's thrashing of meta, the one remaining MAG7 stock that still had a pulse. Well it looked like the was finished but as I said over and over again you simply can't count these stocks out. They have too many many things going for them to boot them after they've come down a great deal from their highs. We own six of them for the Travel Trust. This group's got special relevance for me. Let me walk them through so you can get the current state of play some real damage here. First back alphabetically speaking is Alphabet less than 19 times earnings with the stock down from 207167 this one seems to have the most problematic situation because it's got a lot to lose. Google search revenue that may not be offset by Gemini chat bot I don't know so who uses it but output does have YouTube and YouTube's crushing it and Google cloud services kicking butt. I'm inclined to use today's strength actually to sell the stock though because there's real earnings risk from Google search. Next is Amazon. I think Amazon is doing well with both its web services business and the prime offerings. There's no sign whatsoever this retail share take is tapering off. Its ad business has become a favorite of the big ad buyers along with YouTube and Google. Lots of the big non tech titans run their websites on Amazon web services. I think European huge for them. Call me buy a buyer. How about Apple? Look, lots of Apple people really abhor Apple here and the myriad bears have been feasting this way which is why it's now traded just 30 times earnings. But Apple has 1.3 billion users. I think they have the leverage to let others spend fortunes on AI to get into their universe. That more than makes up for the Seri Gate fiasco. Okay, what's not in the numbers here? The release of affordable phone next year with big average selling price plus I think most of the negatives aren't getting priced in if not all of them kind of compelling certainly compelling lower for the I worry about matter it's acting so well but it's pure pure advertising play and advertising struggling and slowdown but what I am most worried about is Meta AI, its generative AI platform. It's got a lot of users and it scrapes from its own sites, among others. Big leg up. We need to see if we can have the scale of Elon Musk Grok or open AI's Chat GP chat. Both the Chat CPT and Grok are better I think. Unless I use I try Met I all the time. Unless Mark Zuckerberg would like to come on Mad Money and show me how to use it better, I don't see that attraction. It's a push. I'm plenty worried about Microsoft too. Its co pilot really isn't as important or impressive as it's made out to be, and it's total pain in the butt when they try to force it down your throat every time you turn on your PC. I think Mark Bennett was right when he knocked Copilot in is the new Clippy. It'd be one thing if Microsoft could make the estimates, but they've missed three times now. That's why the stock's been such a dog. It could stay a dog if it misses again. I don't detect the urgency you need to have when you've missed three times. 6 We saw Nvidia up close and personal last week and I was actually blown away. I believe in the earnings. In fact, I think the infrastructure spending will only get stronger when they roll out new chips next year cheap. Now I am concerned about this death cross thing. A pattern where the 50 day moving average slices with a 200 day signaling a real breakdown. I wouldn't normally mind, but there's so many double inverse Nvidia ETFs and zero day options. Those have the power to be the tail that wags the dog. Sometimes that is worrisome. We need to see this thing break out of that whole death cross stuff we take out of the equation. Finally, there's the one that everyone's been dumping on. That's Tesla. I think that people are misunderstanding the power of Tesla the tech company. At these prices, Tesla the car company could have sales that were cut in half and I don't know how much lower it would go. So as analyst coverage grows more positive over after a year of negativity, it's notable that only Amazon Nvidia have truly positive setups. The rest time will tell. But all these magnificent companies have one thing in common. Their stocks actually truly do get cheaper as they go lower. And that's more than I can say for many others that have held up well during this exceedingly difficult period. Alexa there's always bull market summer. I promise I'd find just for you right here. Mid Money. I'm Drew Grammer. See you tomorrow.

[Donald Trump]

All opinions expressed by Jim Cramer on this podcast are solely Kramer's opinions and do not reflect the opinions of CNBC, NBCUniversal, or their parent company or affiliates, and may have been previously disseminated by Kramer on television, radio, Internet, or another medium. You should not treat any opinion expressed by Jim Cramer as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Kramer's opinions are based upon information he considers reliable, but neither CNBC nor its affiliates and or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. To view the full Mad Money disclaimer, please visit cnbc.com madmoneydisclaimer Businesses that are.

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