Mad Money w/ Jim Cramer 3/27/25

Summary

Mad Money w/ Jim Cramer – Episode Summary (March 27, 2025)

Hosted by CNBC's Jim Cramer, this episode of "Mad Money" delves deep into the current state of the stock market, analyzing sector performances, spotlighting standout companies, and engaging with callers during the popular Lightning Round segment. Jim provides insightful commentary aimed at helping investors navigate the complexities of Wall Street.

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Market Overview

Jim Cramer opens the episode by addressing the recent downturn in the tech sector, noting significant declines across major indices. He expresses reluctance to abandon the tech sector despite its recent struggles, emphasizing its historical resilience and long-term potential.

“Sometimes you get used to certain stocks being winners for so long that you aren't even aware when their triumphant status possibly runs its course.”
— Jim Cramer [01:03]

He highlights the broader market's unexpected strength, suggesting that the market might be healthier than perceived despite ongoing challenges.

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Top Performing Sectors

1. Energy Sector

The energy sector emerges as the top performer of the year, defying expectations amid presidential commitments to lower oil prices. Jim discusses the performance of key players:

“Chevron, among my favorites, is up 15% to start this year after a long period of underperformance, aided by its hefty dividend yielding over 4%.”
— Jim Cramer [03:00]

He attributes the success to strong demand for natural gas and robust performance in the liquefied natural gas (LNG) export market.

2. Health Care

Health care secures the second spot, benefiting from its defensive nature during economic slowdowns. Jim points out the shift away from pharmaceuticals towards services within the sector.

“Health care has gotten much more away from drugs. Service, service can't get tariffs.”
— Jim Cramer [04:10]

Key performers include CVS and Vertex Pharmaceuticals, the latter credited for its innovative non-habit-forming painkiller.

3. Financials

Financials rank third, with insurance companies leading the charge thanks to effective pricing strategies.

“Insurance has been incredibly hot this year with a remarkable pricing factor.”
— Jim Cramer [05:00]

Jim highlights companies like Brown & Brown and Arthur J. Gallagher for their strong performance without significant credit risks.

4. Consumer Staples

Traditionally viewed as safe stocks, consumer staples face challenges but still offer opportunities. Walgreens shows a resurgence, while Dollar General remains a consistent performer.

“Walgreens has made a comeback too. But it's going private, consider that one done.”
— Jim Cramer [06:30]

5. Materials

Materials, particularly mining companies like Newmont and Steel Dynamics, perform well against the backdrop of rising gold prices and strong demand for steel in tariff-driven markets.

“Steel Dynamics comes in second within the materials group and I think that's a winner in the tariff force.”
— Jim Cramer [07:00]

6. Utilities

Utilities see varied performance with companies like Consolidated Edison and Exxon showing resilience despite rising interest rates.

“It could mean that people want to profit from a slowdown by buying companies with consistent earnings.”
— Jim Cramer [08:20]

7. Real Estate (REITs)

REITs top the real estate sector, showcasing diversity with players like Welltower, American Tower, and Ventas REIT leading different sub-segments.

“The real estate group is the seventh best performing, showing a paragon of diversity.”
— Jim Cramer [09:00]

8. Industrials

Industrials, often vulnerable in recessions, exhibit unique performance with companies like Uber Technologies leading the charge.

“Industrials are prone to failure during a recession, but Uber Technologies is an exception, showcasing robust growth.”
— Jim Cramer [09:30]

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In-Depth Stock Analysis

GE Aerospace

Jim offers a comprehensive analysis of GE Aerospace, praising its stellar quarterly performance and strategic initiatives.

“GE Aerospace raises its dividend by 30% and announced a $7 billion buyback. This quarter was just incredible.”
— Jim Cramer [10:15]

He highlights the company's strong backlog, significant contract wins, and effective supply chain management as key factors driving its success.

Uber Technologies

Uber stands out as a top performer, with its stock surging despite a previously poor quarter. Jim credits management's effective strategies and partnerships in the autonomous driving space.

“Uber is uniquely positioned to capture the one trillion dollar plus autonomous driving opportunity in the US.”
— Jim Cramer [25:00]

He discusses the impact of activist investor Bill Ackman's stake and Uber's innovative approaches in ride-sharing and freight segments.

Aspen Aerogels

Aspen Aerogels is presented as a high-risk, high-reward opportunity. Despite significant stock declines, Jim sees potential in the company's exposure to the oil and gas sector and its strategic positioning in electric vehicle materials.

“Aspen Aerogels is flirting with its 2023 lows, but it’s a great entry point for those comfortable with high risk.”
— Jim Cramer [33:00]

Other Mentioned Stocks

Jim briefly touches upon other companies like Cleveland Cliffs and RTX Corp., providing insights into their market positions and future outlooks.

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Caller Interactions: Lightning Round

During the Lightning Round, Jim engages with multiple callers, providing buy, sell, or hold recommendations on various stocks. Notable interactions include:

• Frank from New York
  Discusses FedEx amidst market volatility. Jim remains cautiously optimistic, suggesting holding the position without aggressive buying.

  “If they start getting more sales, that thing could explode higher.”
  — Jim Cramer [10:00]

• Bob from Arizona
  Inquires about the Paramount and Skydance merger. Jim advises that there's limited upside and suggests focusing on stocks with growth potential.

  “There’s not going to be any more upside to speak of.”
  — Jim Cramer [29:22]

• Robert from New York
  Praises a leading fintech company. Jim acknowledges the strong team and steady performance despite not being his personal recommendation.

  “It sells at 21 times earnings. It’s a very, very good company and I'm glad I recommended it.”
  — Jim Cramer [30:22]

Jim emphasizes cautious optimism, often recommending buying on dips or holding strong positions without aggressive strategies.

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Insights on Auto Tariffs

In the concluding segment, Jim addresses the impact of new auto tariffs on the economy, expressing support for the administration's move towards protectionism.

“I favor the 25% tariff on automobile imports. It’s about time we recognize the loss of good factory jobs.”
— Jim Cramer [44:18]

He argues that while tariffs may raise car prices, they are necessary to bring manufacturing jobs back to the U.S. and rectify trade imbalances.

“We sacrificed millions of jobs in the Rust Belt so that the entire country gets cheaper goods, which is a mistake.”
— Jim Cramer [44:50]

Jim emphasizes the importance of balancing economic benefits with the social impact of trade policies, advocating for measures that prioritize domestic employment.

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Conclusion

Jim Cramer wraps up the episode by reiterating the market's resilience and the importance of focusing on sectors and stocks that demonstrate strength amidst volatility. He encourages investors to remain vigilant and adaptable, emphasizing that despite current challenges, opportunities abound for those who navigate the market wisely.

“The market may be in choppy waters, but there are plenty of names that have managed to rally. It’s about circling the wagons around stocks that are holding up.”
— Jim Cramer [43:53]

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Notable Quotes with Timestamps:

• “Sometimes you get used to certain stocks being winners for so long that you aren't even aware when their triumphant status possibly runs its course.” — Jim Cramer [01:03]

• “Chevron, among my favorites, is up 15% to start this year after a long period of underperformance, aided by its hefty dividend yielding over 4%.” — Jim Cramer [03:00]

• “Health care has gotten much more away from drugs. Service, service can't get tariffs.” — Jim Cramer [04:10]

• “Insurance has been incredibly hot this year with a remarkable pricing factor.” — Jim Cramer [05:00]

• “Walgreens has made a comeback too. But it's going private, consider that one done.” — Jim Cramer [06:30]

• “Steel Dynamics comes in second within the materials group and I think that's a winner in the tariff force.” — Jim Cramer [07:00]

• “It could mean that people want to profit from a slowdown by buying companies with consistent earnings.” — Jim Cramer [08:20]

• “The real estate group is the seventh best performing, showing a paragon of diversity.” — Jim Cramer [09:00]

• “Industrials are prone to failure during a recession, but Uber Technologies is an exception, showcasing robust growth.” — Jim Cramer [09:30]

• “GE Aerospace raises its dividend by 30% and announced a $7 billion buyback. This quarter was just incredible.” — Jim Cramer [10:15]

• “Uber is uniquely positioned to capture the one trillion dollar plus autonomous driving opportunity in the US.” — Jim Cramer [25:00]

• “Aspen Aerogels is flirting with its 2023 lows, but it’s a great entry point for those comfortable with high risk.” — Jim Cramer [33:00]

• “I favor the 25% tariff on automobile imports. It’s about time we recognize the loss of good factory jobs.” — Jim Cramer [44:18]

• “We sacrificed millions of jobs in the Rust Belt so that the entire country gets cheaper goods, which is a mistake.” — Jim Cramer [44:50]

---

Final Thoughts

This episode of "Mad Money" offers a comprehensive analysis of current market trends, sector performances, and specific stock insights, all aimed at empowering investors to make informed decisions. Jim Cramer's blend of in-depth research, market expertise, and interactive segments with callers provides a valuable resource for both seasoned investors and those new to the stock market.

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 Mad Money. Welcome to Kramerica. My friends, I'm just trying to make your own money. My job is not just to entertain, but to teach you. So call me at 1-800-7-3 CNBC tweet me Jim Cramer Sometimes you get used to certain stocks being winners for so long that you aren't even aware when their triumphant status possibly runs its course. And that's how I am feeling right now. About still one more day here with tech wilting on the vine. Dow losing 155 points. SB slipping point 3.3percent NASDAQ decline point by 3% like most market participants, I am unwilling to say goodbye to Tech Tech. It's been such a long term winner that I'm reluctant to forsake it and please, I mean, look, I just did come back from Nvidia's GTC conference last week. Things were going great. I can't just say, well, that's over eight days later. But when I scroll through the winning sectors for the year, I am struck by how they represent a wide array of groupings that aren't tethered to any particular economic worldview. Neither recession viewpoint nor a severe slowdown can explain which groups are pulling away from tech and communication services, the sub rubric that includes many Internet companies. The leaders for the year indeed are very strange counter to it or you just call them broad if you wanted to. Let's start with the number one performing group and this is a true oddity. Let's talk about the energy sector. Now we know the President's keeping committed to lowering the price of oil in this country. Something was actually referred to by Vice President Vance in that bizarre signal thread that accidentally included Jeffrey Goldberg, a harsh Trump critic and the editor of the Atlantic. The exchange, which has proven to be true, has Vance wanting everyone on the chain to know that it would be most unfortunate if an attack on Yemen causes the price of oil to jump. Yet here it is, number one, top of the heap and I would be a little subject here and dip to the third best performer in the oil and gas space because the top two really aren't that representative. And the third is Chevron, among my favorite, which is up 15% to start this year after some some billion kind of longer period of underperformance. And some of that success is because of the company's hefty dividend that yields north of 4%. Underneath Chevron on the list are a host of natural gas companies which are big winners in the liquefied natural gas LNG export market. I think the group's also being helped by strong demand for natural gas power from the nation's myriad data centers that could only just get better. Now I thought this group would be down given that the President wants to expand drilling and we have a slower economy. But the stocks aren't expensive and demand for natural gas very strong. Coming in second is health care and I think that's representative of the view that tariffs and prospective tariffs might cause a recession. And by the way, health care has gotten much more away from drugs. Service, service can't get tariffs. These are textbook slowdown stocks though there's a nice true at work at the top of the health care sector. First is cvs. That's longer laggards come back with new management as well as a resurgent Aetna health insurance business. Vertex Pharma comes in second owned. He give you that enough because they got this terrific new opioid non habit forming painkiller. And then third there's Sancor, a classic drug middleman, part of a subgroup that always seemed to send someone out at the top to prove that the theme isn't just recession. Financials are the third best performing sector and we know this group has a hefty reliance on credit which sours in a recession. Insurance has been incredibly hot this year with a remarkable pricing factor. As you know we if. Well, you know all too well if you own the stocks of Brown and Brown or Arthur J. Gallagher, two stored insurance brokers that top the list of best performers in the group. I never met anybody who owns them though. The third finance name, Intercontinental Exchange ICE owns this, the New York Stock Exchange as well as a host of commodity exchanges. I really like that stock. None of these have any real credit risks, but I like them. But their financials nonetheless and the bank stocks are actually are acting much better than expected even if they're not at the top of the heap. Now the consumer staples long considered safety stocks, well let's just say they, they aren't all that safe these days because of a host of challenges, everything from GOP Dash 1 drugs weighing down the food business to higher prices for all sorts of commodity inputs. But there's a frequent winner here. Among the consumer staples is one I won't recommend because it's got tobacco in and that's Philip Morse, the International Tobacco Company. It's one of the greatest stocks of all time though Walgreens has made a comeback too. But it's going private. Consider that one done do not want to own that, do not want to buy it. Whatever. Dollar General is number three and it's stock that historically has done well on a slowdown. Two food and beverage companies managed to make the cut, triumphing over the GOP Dutch one anti craving drugs perennial favorite Coca Cola and Modelese. Nice broad grouping there from the recession resistant the recession suspect we go to materials on top is new at mining because gold's had an amazing run. Is that fear now? I don't know a matter of fact it territories maybe I don't precious metal being a good storehole of value. Hey, you know what? Maybe given out goals, astronomical outperformance bit of all three. Steel Dynamics comes in second within the materials group and I think that's a winner in the tariff force. Third is fertilizer company Mosaic. Now it says something when the most complex tech instruments ever are all out of style. This year, while people bet on the most simple formulas, the most commodity of commodities can't think of anything less glamorous or easier to make than fertilizer. When interest rates go down, we normally go for utilities, but rates are going higher here. Now it could heretofore mean that people want to profit from a slowdown if not a recession by buying companies with consistent earnings. So if they're Buying Consolidated Edison, which is kind of a purveyor of electricity for the New York metro area, as well as number two, Exxon. The name of the utility encompasses Baltimore Gas and Electric. Pico, that is the old Philly Lack and comment. That's the old Commonwealth, that Chicago utility. Well, what can I say? As plain as it gets, the REITs rule in real estate. That's the seventh best performing group, the real estate group. And we have three very different ones showing the broad nature of this rally. In this part, the subset versus Welltower, that's a health care infrastructure company. Then American Tower, which is the REIT that owns cell towers. Then there's Ventas REIT dedicated to senior liberal. You said them on all the time. Talk about, talk about broadening of the market. I mean, call this a paragon of diversity here. Finally, there are the industrials, again, a group that's prone to failure during a recession. See my point? These are all oddities, right? The Industrials are led by Uber Technologies, which is a much, much more of a services company that's somehow classified the group. Then it's followed by Airspace and Helmet, which makes fast turns for planes. These are both part of the aerospace bull market, which is still going on. It's a quiet one that shows no sign of quitting at all. More on that one later. These new winning sectors haven't seen the light at the top of many, many quarters because, well, I mean, for ages it's been tech tight tech. For years people have talked about how they would hope that the rally could finally broaden out beyond tech. And now that's exactly what's happening. Except you can't call it a rally anymore. Now the broadening has arrived, investors seem to pine for the stocks of Europe, mainly the Magnificent Seven, which are split between the communication services sector and the information technology sector. But they share one thing in common. They're almost all bad. We can't be too duplicitous here. A day like today signals a healthy market, even in the face of what we're endlessly told is a troubled market. Intriguing, right? Ironic, maybe. I don't know. Now none dare call this a bull market. The seven stocks that made up, make up the once magnificent Seven are too big to dismiss. You need at least some of them to put together really positive tape. But the bottom line, it's to see such a broad mixture of stocks winning here, from ones that can run in a recession to ones that can rally hard in a robust economy. What it tells me is that the market may be Far heavy, healthier than we think. And this backdrop simply isn't as bad as many would have you believe. Let's go to Frank in New York, please. Frank.

[Caller]

Hello, Mr. Kramer. How are you today?

[Jim Cramer]

I'm good, Frank. How you been?

[Caller]

Pretty good. Baseball season. So it's all looking good.

[Jim Cramer]

Yeah, I know we got a game right now with a Phillies, but I'm working so I can't really go watch it because no one's going to pay me to watch. When anyone pay me to watch a game rather than do my show. Probably not.

[Caller]

Well, the staff is always there. They're great, you know.

[Jim Cramer]

Yes, it's true.

[Caller]

So anyway, looking at Flutter, what do you think of this one? Fanduel.

[Jim Cramer]

I like Flutter. I like Fanduel. Like Flutter. This group is sold off. I think it's sold off too. Great. And I think Flutter's a terrific company. Actually, I think it's a really, really good company. But I liked it. I said I like both of them. I'm sticking by that. Let's go to Alex, my home state of New Jersey. Alex.

[Caller]

Hey, Jim. First things first, I got to thank you for everything you do for us and for keeping such a fun and lighthearted attitude at all times, no matter what.

[Jim Cramer]

Thank you. I got to tell you, I'm going back and forth with Jeff Marks. This is a hard day for us. You know, we own what I would say for the club. Too much tech. But it's been so right for so long. I have to acknowledge that it's been wrong for six days. But I can't give up the ship. Thank you for those kind words. How can I help you?

[Caller]

So this company that I'm wondering about, I mean then like everyone else, the uncertain times they are, you know, very, how can I say, privy. And there they could be in trouble. And that stock is FedEx.

[Jim Cramer]

Yeah. Now I've got to. I want to be careful in this because I was one of the few people that thought that quarter had something that I really like to see. The revenues went down. Okay. Yet the earnings went up. Revenues didn't were missed, but the earnings went up. That means if they start getting more sales, that thing could explode. Higher. I actually am not against holding position in fdx. Why don't we go to Stackwell in Washington? Stackwell.

[Caller]

Biggity, biggity, biggity. Booyah. Jim, what's going on? Jimmy, chill.

[Jim Cramer]

I don't know. You tell me. Stack. Well, I'm chilling here, I'll tell you that much. I was like shaking cold earlier what's happening?

[Caller]

Man? The market's looking real shaky. Real shaky, Real shaky, man.

[Jim Cramer]

You know there is an element to that. Absolutely.

[Caller]

When it gets kind of sick, man, we need someone with a PhD out here, man. You know and I know that they got a lot of PhD player hater degrees. After you, man. So I'm going to give you real, man. When it looks we need something more grounded, man. Tell me how you feeling about FCX, man? Freeport McMoRan.

[Jim Cramer]

All right. I think copper is going higher and one of the reasons why I like it by the way is China's coming back. They're the biggest user of Copper. But also something Jensen Wong told me from a video. He said, listen, copper is just the right thing to have in the data center. I was hoping to be replaced by glass. Doesn't happen anytime soon. Two thirds the copper is used by China and China's making a comeback here. At least parts of China making a comeback. And thank you for the kind words. I like that Jimmy Chill is back. Frank in Texas.

[Caller]

Frank San Antonio. Bouillard to you Jim.

[Jim Cramer]

What a town. What a town. I love that town. How can I help you?

[Caller]

Well, I have a small position in Wells Fargo and I read Your article of 13th April where you praise them and I'm wondering if I should add to my position.

[Jim Cramer]

I want to. Well, it's a 12 times earnings. You know what, there's no hurry. I like it. I talk a bit over with Jeff Marks every day because we own it for the club. But I'm not going to tell you to go run out and you have to buy it right here. I mean maybe it comes in a little and it gives you a better chance, better entry point, so to speak. Thank you. Now when you look at what sectors are working this year, I think it's something that the market might be a little bit healthier than we think. Oh man. Money. Tonight I'm revealing another pair of winners from this follow quarter. Fleshing out what I just said, what I just talked about. First, am I in the aerospace industry? See if stocks like GE Aerospace could take off even higher if the group strong start the year and then could uber drive more growth ahead. I'll give you my read on the ride sharing and Robotaxi market. And later you called in on some stocks in the industrial mining sector. I wanted to take a closer look. I do not miss my deep dive on both, including one of them that I am sticking my neck out for and I hope that doesn't happen. So stay with Kramer.

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[Jim Cramer]

After our tepid mid March recovery was rudely interrupted by a tech led sell off yesterday, back again today, we're officially in choppy waters. We're stumbling into the end of the first quarter with new tariff worries and noisy economic data. Even though the market's in better shape than it was a couple of weeks ago, we're clearly not out of the woodship. And that's why all week I've been highlighting what's working the stocks that have managed to put up big gains despite a very tricky environment. Specifically, I'm focused on the best performers in the S&P 500 year to date that look like they could have huge legs. So far we've covered Newmont and the Gold Miners as well as Vertex Pharmaceuticals and the broader Pharmacohort. These are classic safety trades. But that's not the only group that's been working. Just look at the seventh best performer in the S and P for the year and that's GE Aerospace. Well, you know I like this one. This is the jet engine business that was left over after the old General Electric spun off its health care and power divisions. And thanks to the strength of the aerospace industry, well, it's up more than 23% for the year. In fact, it's at a new intraday high. Just yesterday GE Aerospace got off to a great start when reported a phenomenal quarter in late January smashing the estimates across the board. Great revenue growth, tremendous earnings growth, expanded margin, this beautiful free cash flow. Almost every line of the report was fantastic. Even more encouraging, total orders, crucial forward looking metric. We're up 46% year over year and the company's total backlog stood at a staggering 1 77, $71.6 billion by the end of last year. Up 11% year over year. 154 billion of that backlog is for the company's commercial engines and services segment. By the way, 90% of that is for services. Think engine maintenance for airlines, which is a real sticky business because no airline can afford afford to skimp on maintenance. In terms of formal guidance of 2025, GE Outlook was mostly right in line with expectations. Although the company surprised to the upside with that generous free cash flow guidance. On top of that, GE Aerospace raises dividend by 30%. And that's a classic sign of confidence. They also announced a $7 billion buyback. This whole quarter was just incredible. That's that buybacks we executed this year. Now that's more than 3% of the company's current market capitalization. Thank you. Larry Culp CEO no wonder the stock's been holding up so well even when the market rolled over. The G Aerospace story just looks rock solid right now. In total they had orders for more than 4,600 commercial defense engines last year. Lots of notable contract wins and narrowbody jets were dominant position. American Airlines ordered 85 Boeing 737 Max jets powered by GE Leap 1B engines. And why bodies the company won British Airways as a customer for its GenX engines. In defense they got an order for 210 engines for 96 Boeing AH64 Apache helicopters. And these are just New equipment wins Remember, most of GE Aerospace's backlog comes in the form of service contracts, including regular maintenance. How is the company doing this? Well, aside from the strength of the aerospace industry, management has been doing a terrific job here. After spinning off GE Vernova last spring, GE Aerospace embarked on a major efficiency initiative trying to tackle supply chain constraints, and it's already paying off. In early 2024, the company's priority suppliers were only shipping 50% of their committed targets to aerospace. By the end of last year, they got that up to 90%. This new initiative has also resulted in huge cost savings, hence the much higher than expected operating margin last quarter. Still, a lot of this is based on the strength of the broader aerospace business. If you look just outside the list of the top best performers at number 11, you'll find Alcoa descendant how Met Aerospace, which you know I like to call how I met your mother. How much is specialist in aluminum products, including lots of aerospace parts like engine components, castings, fasteners, which is another fancy word for screws. That one's up 21% for the year after more than doubling in 2024 thanks to the same industry tailwinds as GE Aerospace. Hey, by the way, helmets Likely to benefit from a big fire at a major competitor's fasteners plant in Jenkinstown, Pennsylvania. I'm not in love with this one because it now sells kind of very expensive 40 times this year's earnings. Then again, anything aerospace is doing great, so maybe they deserve that valuation. Let me give you another quick one. RTX Corp. That's the aerospace and defense company consisting of the Collins aerospace components business, Pratt and Whitney engines and Raytheon Defense business. As I mentioned before coming in this year, there were some big worries about the defense contractors based on the idea that Elon Musk and the Doge boys would try to trim our bloated defense budget. I was curious if RTX could get hit because 54% of sales this year came from the defense side of the business. So far so good. Not been a problem as with GE Aerospace and helmed, RTX reported fantastic fourth quarter, although their full year forecast was a touch light versus expectations. Now I wouldn't worry about that. I'm thinking that's you Pot at work under promise over deliver and based on the stock's perfect performance this month, it seems like Wall street agrees with it. Plus the stock selling for just 22 times this year's earnings, largely because it's getting a defense contractor discount, could be worth the buy here. Finally On Monday, I told you about the many positive developments we were seeing with Boeing. Obviously their track record in recent years has been abysmal, and it's hard to believe in a turnaround until they start making regulatory progress do a better job of delivering their planes on time. But if the Boeing turnaround is real, or even if they can just avoid more major setbacks, then the entire US Aerospace industry could have a lot more upside in front of it. Keep in mind, as we watch all these new tariffs being put on imported goods, driven in part by President Trump's obsession with individual country trade balances, it strikes me that a good way for our trading partners to remedy these imbalances in a hurry would be just place some huge orders. Boeing, that's always the go to odd branch in trade negotiations. Bottom line, Boeing truly gets his house in order. That would just be the cherry on top of the aerospace industry, which is already one of the strongest pockets in the market this year. Stick around if the break and I'll give you another installment of what's working because I think it's important to circle the wagons around stocks that are holding up in a treasurer's tape, especially if you're in tech man, Money's back. I can bring it.

[Mad Money Promo]

Coming up, Kramer is taking a drive down bull market lane. Don't miss his deep dive into Uber. Next.

[Lisa Schneider]

10 years from today, Lisa Schneider will trade in her office job to become the leader of a pack of dogs as the owner of her own dog rescue. That is a second act made possible by the reskilling courses Lisa's taking now with AARP to help make sure her income lives as long as she does. And she can finally run with the big dogs and the small dogs who just think they're big dogs. That's why the younger you are, the more you need AARP. Learn more at aarp.org skills.

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[Jim Cramer]

Right now, uncertainty reigns in this market. We have another rough day near the end of a rough month and a rough first quarter. But throughout this difficult period for so many formerly beloved stocks, plenty of names have actually managed to rally as I said at the top of the show. They're what works in this new environment. Which is why I've been spending all week highlighting the best performers in the S&P 500 year to date. And now I've got another one for you. Uber Technologies up more than 24% for the year, making it the fifth best performer in the S and P. About a month and a half ago, I stuck my neck out and defended Uber after reported a widely panned quarter. Stock fell 7.5% single session. That seemed wrong to me. Turn out to be a very good call. It's rally quick 10 bucks instead. Now what made me confident enough to risk my neck on Uber? Well, in management's own words, it was their quote strongest quarter ever. End quote in record tips. Gross bookings and adjusted Ebitda. Gross bookings were particularly impressive, up 21% year over year. I couldn't believe why the stock was going down. Monthly active platform customers were up 14%, total chips up 18%. The ride share business is booming, while Uber's freight segment, that is their smallest by the way, did have a gross booking space. The company's two main businesses, mobility, meaning ride sharing, and delivery, meaning Uber eats, both beat expectations for gross bookings. Even though there was some nitpicking on the guidance for the current quarter, I said that that it wasn't enough to justify the stock's vicious 7.5% sell off. Sure enough, over the next three days, Uber immediately shot up nearly 22%. Clearly someone got it wrong when they were selling the stock's fare pretty well since then too. So is there anything else that's been keeping shares afloat besides the market acknowledging it judged the last quarter wrongly, harshly? Only activist investor Bill Ackman had a part in this rally. The let's see, the stock bounced back so quickly after the post quarter sell off, in large part because Ackman disclosed that his hedge fund had taken a $2.3 billion stake in Uber. That was interesting to hear. He's certainly come a long way from when he mistakenly accused the company of stealing tips from cab drivers and overstaying his profits last spring. Hey, I mean if can't be join Uber stock has also been buoyed by a complicated history with Robo Taxis and of course with Elon Musk. Interestingly, the stock set an all time high at the time back on October 11th. That's just one day after Tesla's much anticipated Cybercap. Eventually, while the Tesla event was initially seen as underwhelming, which is what initially pushed Hoover higher. The stock immediately reversed course afterward, then started moving lower. The results of the November election only reinforced the belief in Elon Musk's ability to make these seemingly far fetched cybercab and robo taxi dreams a reality. In its defense, it wouldn't be the first time he's delivered on such fluffy promises. How do you even catch a rocket anyway? Hard to blame anyone who was enthusiastic, either one of the largest backers of the Trump campaign. Everybody figured that Musk would get favorable favorable treatment from the new administration. Turns out that was understating it. Of course, since Tesla hit its all time high of 40 $88 and change in mid December, well, things have changed. Tesla Musk have fallen out of favor on Wall street, putting some cold water on the company's grand autonomous driving ambitions. But that's been good news for Uber because it means people aren't as worried about the spread of robotaxis. Of course I think the whole line of argument is absurd. Self driving cars should have no effect on Uber. These guys have already devastated the cab companies. Even if Tesla or anybody else starts selling self driving taxis, they'll need to make their peace with the ride sharing apps if they want to do business. In fact, as management sees it, Uber's uniquely positioned to capture the one trillion dollar plus autonomous driving opportunity here in the US at the end of the day, it'll take years to start seeing these things in mass production. And even when they get their self driving cabs face so many major or challenges. Especially cost. All the tech in these vehicles makes them very expensive. Once they get sold, the owners of these self driving cars need to get a return on their investment. Sure, someone like Tesla could try to operate a fixed fleet of robotaxis like the old cab companies, but as Uber's management said in its latest prepared remarks, quote, in a typical large city, a fixed fleet designed to meet the weekly peak peak will have up to 95% of vehicles idle during the multiple weekly troughs, end quote. They go on quote. Conversely, a fleet size below peak cannot deliver the reliable 4 minute ETAs that consumers expect, end quote. Now this gets even more complicated when you consider fleet sizes need to change pretty dramatically throughout the year. You won't get a great return on that $200,000 car if it's sitting idly 95% of the time. So how the heck can future autonomous vehicle owners make money? Simple. They partner with Uber. According to Uber, at quote, an average utilized AV can run as much as 100,000 miles a year compared to a typical consumer vehicle at 10 to 15,000 miles a year, end quote. That's extended drive time. Drive team means these self driving cars need all sorts of extra servicing, multiple charges per day and extra cleaning. Luckily, Uber has 15 years of experience with 12 billion annualized trips to help autonomous vehicle owners manage all of these things. That's not even considering the things you don't think about like fair disputes, lost item returns, stranded vehicle rescue and insurance claim resolution. It cost Uber a lot of money to develop this expertise, but the autonomous driving companies that parted with them get, and I'm going to quote this here, to plug into the cost structure instantly, end quote. They go on to say in the prepared remarks that quote, put simply, we are the only player with the scale and expertise to run AB operations at the highest efficiency, period, end quote. Pretty emphatic. And it seems like the market has been gradually warming up to this reality as the fears surrounding the threat of robotaxis have cooled. While all the focus is on the future of autonomous driving, it's easy to forget that Uber has a lot of other innovation going on that's finding success with this includes Uber for teens, which was up an astounding 50% sequentially in the fourth quarter. Uber X share has exceeded 2 billion in annualized gross bookings in less than three years. Management also notice that its Uber shuttle scaling nicely in New York, including more routes to LaGuardia, which is by the way a nightmare to reach using public transportation. In fact, just today they just launched a new shuttle to jfk. But here's the bottom line. Uber's another example. What's working in 2025 though it's more of a one off success story than a participant in the broader theme like the others I've mentioned. Still, I'm glad I defended this one after last quarter and I don't think it's done going higher. Why don't we speak to Bob in Arizona, please? Bob.

[Caller]

Hi, Jim. Bob, first time caller from Prescott Valley, Arizona, home of America's oldest rodeo.

[Jim Cramer]

I did not know that and I'm glad you're calling in. How can I help?

[Caller]

Well, I'm asking for your thoughts on the merger between Paramount and Skydance.

[Jim Cramer]

Well, you're done there. You just want to, you know, just ring the register. You're done. There's not going to be any more upside to speak of. Let's move on and find something with a little more growth. Now let's go to Robert in New York.

[Caller]

Robert, we're going to find a stock right now that has a lot more growth, in my opinion. Because years ago you said to buy this baby and just watch it go. And you were right again, as usual. But the next this company has a market cap of around 130 billion. They're the leading global provider of financial technology and payment solutions. They have very secure and innovative payment processing, electronic billing, digital and e commerce solutions. Jim, they keep buying back the stock. They have a ton of cash. The stock has sold over 59% this past year and 12% year to date. Jimbo, you made us money on this one, baby. And this is a monster. It keeps going up, up, up, even when the market goes down by serve.

[Jim Cramer]

All right, well, I liked it because Frank Bisgnano was the CEO and I understand, but I believe he's going to Social Security. But I will tell you this, I think he's got a good team. It sells at 21 times earnings. It's a very, very good company and I'm sure glad I recommended it. But it wasn't really mine. I knew the CEO was and I think he's terrific. And that's exactly how we made the money on that one. Anyway, Uber says success this year is more of a one off story rather than a broader theme at play. But I don't think it's done Going higher. Much more money, including my look at a coal company that you put on my radar. Then after Yesterday's news that 25% oil tariffs are on the horizon, I'm telling you where I stand on trade in the Oval Office announcement and oil cost rapid fire in tonight's edition of the Lightning Round. So stay with crap. This week, a couple callers have stuck stump me with stocks that I didn't know, including two separate people during Monday night's lightning round. Whenever that happens, I punt and tell the callers I'll come back once I've done some homework. This time I'm coming back quickly because I stumped one too many times. It started to bug me. First up on Monday, Zach in Indiana asked about a company called Aspen Aerogels. I'd never heard of this. It's a specialty materials company that, as its name suggests, makes aerogels. I was thinking like Dr. Scholes or something. These are not nanopores. Low density, lightweight materials with some unique characteristics like high heat resistance and strong electrical conductivity. That's why they're using electric vehicles and industrial insulation, mostly in various parts of the oil and gas business. Aspen Air Gels came public in 2014. Not a great time for any company with a Major energy industry exposure. But by the time 2020 rolled along, well, they had established their electric vehicle business and anything connected to EVs had caught fire. Didn't hurt that this company finally started to see real revenue growth for the first time in 2021. But after the growth stock bubble burst at the end of 2021, Aspen Aerogels had a painful correction that lasted all of 2022 and well into 2023. As for all, I can tell these big swings didn't have much to do with the financials. But in recent years, their business has improved and the stock found a nice rally in late 2023. Excuse me, in the first half of last year for a peaked at $33 and change last August. Yet the darn thing has fallen almost 80%. It's, it's just under seven bucks now. So what the heck's been happening here? Honestly, during the first portion of the stock slide in the back half of 2024, the action still seemed to be mostly dictated by broader market themes as EVs rapidly went out of style. And that's now a 68% of the business. Stock then took another leg lower for the election, with investors worried that the Trump administration would be less friendly to electrics than Biden. No kidding. For most of Aspen's Aerogel's downturn last year, the company's own results were actually holding up just fine. But then the company reported fourth quarter results last month, which was effectively one big reset. That's a kind word. While Aspen delivered a modest top bottom line beat, their guidance for the current quarter was heinous and they didn't even bother issuing a full year forecast. They made it clear that they don't want to expand as aggressively as they were planning to do before the election. Worse, Aspen Air Gels basically just talked down the outlook for electric vehicles overall, talking about how several of the demand tailwinds that existed for the industry last year, quote, aren't as pronounced anymore. Fewer new electric models are launching, inventory of electric vehicles building up and the company said it is, quote, eyes wide open on the fact that continuously high interest rates and the potential reduction of EV incentives can have on new vehicle demand and in particular EV sales. And quote, management also noted that much of their weak forecast for the first quarter was related to expectations for much lower electric vehicle production from gm, which is the most important customer. So they basically totally reset expectations and the stock plunged more than 23% on the day after the report. It's been moving steadily lower ever since. At this point, Aspen Air Gels is flirting with its 2023 lows. Nobody wants to stick their necks out for this one, but you know what? I will. First, let's be clear that as long as this overall market's terrible, I expect Aspen Air Gel stock to be terrible. To long term though, you know what, maybe you're just getting this kind of really great entry point. Even if electric vehicle theme is impaired these days, I don't think it's totally dead. And the company wanted some huge hope gave offer some huge hope for bulls on his cop school. Last month after issuing its low ball first quarter guidance, Aspen CFO said this is from a temporary drop in electric vehicle production to reduce finished vehicle inventory levels. Temporary, not permanent. Company also had great things to say about the oil and gas side of the business where it's exposed to some terrific themes, including the rise of liquefied natural gas exports. President Trump's effective is boosting domestic energy production. That should help too. Now this is now the smaller, less important part of the business, but it still matters. Now it's not that much confidence in the estimates for Aspen given everything I just explained, but man, just under seven bucks. The stock currently sells for just 12 times next year's earnings estimates. Very reasonable for what I believe is still very much a growth story, near term, noise notwithstanding. Now if you haven't gathered this one by now, this is incredibly risky. It's as speculative as it gets, frankly. But after looking into Aspen's air gels, I like the stock as a high risk, potentially high reward play. So Zach in Indiana I say go for Aspen if you've done the work and are comfortable with the risk. The other homework name for Monday night was Alpha Metallurgical Resources. That's a Tennessee based coal miner that Stafford in California called about. I'm going to keep this one short. I'll just tell you quickly I'm passing on this. As Alpha Metallurgical name implies, this is a miner of metallurgical coal, which is the type of coal that goes into steel production. But there are lower emission ways to produce steel these days and that's where the steel industry is headed. If you don't believe me, go ask Leon to Palion from Nucor, Lorenzo Gonzalez from Cleveland Cliffs. They've always been pointing to. They're boasting about their accomplishments in removing emissions from the steel production process, including ones that this one could believe could create. A cynic might argue that AMR could be a trump play because the new administration is, shall we say, less concerned about environmental regulations saying some positive things about coal lately. And if the economy was booming and we needed all the steel we could produce from all sources, then maybe I consider this one. But I'm not that cynical and the economy is definitely not booming. Bottom line, if you want to bet on anything in the steel space coming back, why don't you make a bet on nuclear Cleveland Cliffs for batting as each of these stocks has come down huge over the past year. But as for Alpha Medical Resources, just not something I'm interested in. Sorry. Stafford man money's back here for the break.

[Mad Money Promo]

Coming up, Kramer takes your calls and the sky's the limit. It's a fast fire lightning round next tomorrow kick off the trading day with Squawk on the street live from post nine at the nys.

[Jim Cramer]

I buy gold constantly through Costco. It's one of the great. What's the matter? You get 3% back, David, do you actually take possession of the gold? Yeah, I'm putting a safe deposit box and I get the 3% back and I'm a big Costco fan and the yield on that is. Well, you know, not everything's yield. Sometimes it's just about. It's there, you got move, you got the gold.

[Mad Money Promo]

It all starts at 9am Eastern.

[Jim Cramer]

It is time. It's time for the lighting round cruise rampant rap girl son of me saying this Ox said bye bye bye bye Spinning of course my stamping pairs of graphics Buddy, play the sound and then the lighting round is over. Are you ready? Ski dives over the light round Crazy. Let's start with Rhonda in Florida. Rhonda.

[Caller]

Hey, how are you Jim?

[Jim Cramer]

I'm good, Rhonda, how about you?

[Caller]

I am good, thank you. I wanted to ask you about Oracle. I had bought it last year but it looks like it's down about 17%.

[Jim Cramer]

Do you think people are. People are souring on the dial to Status Center. I'm pulling in my horns a little bit. I wait to see what core weave says how that deal does and then we'll get a better read on Oracle. I need to go to Vincent in Maryland. Vincent, hi.

[Caller]

What's up, Jim?

[Jim Cramer]

Not much. How about you, Vincent?

[Caller]

I'm good. I just wanted to quickly shout out my teacher Mr. Mark down at Stephen Decatur High School. He taught me a lot about the stock market. What do you think about the stock tkc?

[Jim Cramer]

Well, I mean that's like a dice. Well, it's Turkish sale and that is, that's. That's a bridge too far for me, partner. Let's go to Barb in Indiana. Barb, hey. Booyah. Jim, how are you? I am good. How are you, Barb?

[Caller]

Great.

[Jim Cramer]

Thanks so much to take in my call. So my question. My question is with that, with the current focus on preventative medicine and the cancer moonshots, what are your thoughts on grail graf? I actually like grail a lot. I am probably alone on this because they're losing a lot of money. But for exactly why you said I like grail and I would be a buyer. Let's go to Jerry in Illinois. Jerry, Jer, you're up. Speak to me, jerk.

[Caller]

Jim, short time, long time. Love you, too.

[Jim Cramer]

All right. I like it. All right. Good to have you.

[Caller]

We started a position in this company a little while ago, and my son thinks now's the time to pull the trigger and add to it. Jim, we're talking about block xyz.

[Jim Cramer]

Okay? Block. You know, we. We had Amrita Ahuja on when we were out in California last beginning. It was a very quizzical situation because they missed the quarter twice. But you know what? It's come down so much that I got to think it's the right price to buy. I'm going to. I'm going to say buy. Buy half right now, and then if it breaks down below 53, then you can buy more. That's where 52 be low. Let's go to Sam in Wisconsin.

[Caller]

Sam, good afternoon, Jim. This is Sam listening to you since 2022. I've got a question on question on dot DLC.

[Jim Cramer]

Yeah. Now, this is a REIT that does medical properties, and I think it's good. I've not been in love with that kind of reit, but I do think it's a reasonably. It's a reasonable read. Let's go to Peter in California. Peter. Hey, thanks, Jim. Thanks for taking my call. Everything you and your staff do, I've learned a lot. You guys do great work and giving you a big shout out. Booyah. Thank you. Thank you, thank you, thank you. Hey, my question tonight is on Rubrik rbrk. They had. They've had two great quarters. What can I say? I watch them when they're on air and, man, they are doing. They're doing very, very well. And you know, I do like cyber security. Let's go to Gary in Michigan. Gary.

[Caller]

Hey, Professor Kramer, how you doing?

[Jim Cramer]

I am doing well. How about you guys?

[Caller]

Good, good, good. I thought how School for 42 years. If your show was a required part of life skills classes, we'd have generations of financially savvy Americans.

[Jim Cramer]

That's what I'm doing my best. Thank you.

[Caller]

Thank you.

[Jim Cramer]

Thank you for doing what you did, which is completely noble. Thank you. How can I help?

[Caller]

Hey, my question's on Edward Lifestyle zw. Is it a hold them or a fold?

[Jim Cramer]

I think it's a hold. It used to be so good. Abbott got some really good news today about Hart, and that's been my favorite. But also Boston Scientific. I prefer Boston Scientific to Edwards Life Science. Really? Really. Right now, let's go to Kevin in Texas.

[Caller]

Kevin, Hello, Jim. Thank you for taking my call. And thank you for the lightning round. It's really helped me a lot in the past. This lightning round's great. I love it.

[Jim Cramer]

It's fun. It is fun.

[Caller]

It is. So today I'm. I'm looking at a stock that's had its up and downs recently. It's currently down like a lot of stocks are. But I love the avocado bacon cheeseburger. Is now a good time to start a new position in Shake Shack or.

[Jim Cramer]

You know, that last quarter was not good, and I was quite surprised. I like Rob lynch very much. I'm inclined to want to buy it. But when I see a quarter that is that much older off from where I expected, we have to wait another quarter. I want, you know, like I said, I really like Rob Lynch. I loved him at Papa John's, but geez, that was not a good quarter. Let's go to Ed in New York. Ed.

[Caller]

Good evening, Professor Kramer. Booyah.

[Jim Cramer]

Booyah. What's going on?

[Caller]

Jim? I got one you might want for your charitable trust. The company is Transmedics.

[Jim Cramer]

Yeah, this is a transplant therapy, and we're very close to that in our family. And I think that it's an interesting company. I'm not going to necessarily recommend it right here. It's very expensive. But it is an interesting company. Let's go to Brian in Florida. Brian.

[Caller]

Hi, Jim. Hey, it's my first time calling, but I've been watching your shows for years, ever since Tedlo and Kramer.

[Jim Cramer]

I do enjoy watching.

[Caller]

I still like watching Larry every day, too. Anyhow, my stock today is Arista Networks. A NP has a pe.

[Jim Cramer]

Ok. It's never been this cheap that I can recall. And you know, I love J3 a lot. But here's the problem. It's a data center stock. We got to see some bounce in the data center. I cannot stick my neck out and have one more data center in my channel trust. And I've got to just be candidly. It's been A house of pain. And that, ladies and gentlemen, conclusion of the Lightning Round.

[Mad Money Promo]

The Lightning Round is sponsored by Charles Schwab. Coming up, what do the latest auto tariff announcements mean for the economy? Kramer is giving you his take on the country's foray into not so free trade next.

[Jim Cramer]

Yes, I'm not a big fan of free trade. Yes, I feel that our country has been abused by our so called trading partners, especially when it comes to cars. And yes, I favor the 25% tariff on automobile imports. Close watch of the show know that this is not a new view for me. I've seen China devastate entire industries in this country. My late father was in the gift wrap business and all of his American suppliers were wiped out by the Chinese who dumped cheap gift wrap here, destroying the mills that he'd previously partnered with. And then my dad started working with the Chinese and to be fair, they did a great job. He never stopped raving about and they treat him well. But I want to know how could we let China wipe out one after another American industry? Because in the 90s our country made what I consider to be a deal with the devil. We decided that we'd happily import tons of cheap stuff from overseas if it meant wiping out industry after industry, crushing factory towns all over the country. Again, I got nothing against cheap stuff and I don't think we should prop up domestic manufacturers at all costs. I am well enough off though I do know that I, I have to be concerned about a lot of things but not higher prices for goods. So you might say, Jim, it's so easy for you to come out here and say this stuff. But I do think this was a bad trade off. We sacrificed millions of jobs in the Rust Belt so that the entire country get cheaper power and automobiles. What about the millions of people we left behind? Now the President has declared that false free trade era over. And I'm on board with this. Even as I wish he could lay out a clear plan rather than rolling out the tariffs one by one. But when it comes to these new auto tariffs, I got nothing to quibble over at all. Sure, foreign automakers have moved a lot of manufacturer, but you know, half of our cars sold are made overseas with a de minimis tariff. Perhaps just as insidious is the ratio of content in foreign cars made in our country. It's a little known fact, but many of the foreign cars made here are actually just assembled here. With the more value added parts like engines still made in their home countries, the low end jobs get sent here. The result only a quarter of our foreign cars are actually made here at all. It is worse than we think. That's a travesty, made worse by the fact that our car companies are closed off from so many of these foreign markets. The unfairness of all this, I think, is palpable. Germany, Japan, South Korea have always gone out of their way to protect their own domestic automakers at our expense. Now, I know that these tariffs will raise the price of our cars, if that can be no doubt if we want to bring manufacturing jobs back to this country, we're going to have to pay a price for it. But to me, what matters is that there is at last a recognition that good factory jobs and all the ancillary jobs that come with them have been lost, but perhaps not for good. Some could flow back here again. There are trade offs. Factory jobs may not be as important these days as other as every other kind of job, frankly. But when we look around our country at all these gutted small towns that have led to such despair, such drug use, such homelessness, the bargain for cheap goods, I think it's a mistake. I'm glad the White House is finally going full speed in the opposite direction. It's about time. Like I said, as always, bull markets sell my problems, I find just for you, right here on Man Money. I'm Jim Cramer. See you tomorrow.

[Mad Money Disclaimer]

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. Kremer'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 Ten years from.

[Lisa Schneider]

Today, Lisa Schneider will trade in her office job to become the leader of a pack of dogs as the owner of her own dog rescue. That is a second act made possible by the reskilling courses Lisa's taking now with AARP to help make sure her income lives as long as she does, and she can finally run with the big dogs and the small dogs who just think they're big dogs. That's why the younger you are, the more you need AARP learn more at aarp.org skills.