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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 Other big Friends. Hey, I'm just trying to make a couple bucks here. My job is not just to educate, but do some entertaining. So call me 1-800-743-CBC. Tweet me imkramer stocks go down for all sorts of reasons. Some good, some bad. Lately we've had a lot of bad and tonight I want to straighten some things out. Not to say to buy, but only just to describe some things that have gone wrong. So you understand what's causing a lot of good stuff to go down. Why does that matter? Because a bad tape causes individuals to to dump great stocks, usually when they should be buying more or at least standing pat. I know a lot of people are getting very worried. The war has sapped their thinking. The attempts by the president tell us the negotiations are going so well only to hear nothing from the Iranians has caused a real gloom that has put a black cloud over the market. Moments like these are why I wrote how to Make Money in Any Market because the key to great wealth creation is identifying winners and then crucially, sticking with them through periods like right now, sticking with them when everyone else is fooled into selling or thinks the game is rigged or the game is over, it's not. Today we saw a bit of rationality. Oil went up $5. The Dow still managed to gain 50 points. The other averages, after starting relatively strong, ultimately gave up their gains. But with the S and P dipping.39%. The NASDAQ point 73%. The latter almost trades 100% with oil. And you know, I think that 20% decline with this much oil is very reasonable for stocks. Tough. Now, we did see some terrific do overs. There's a bunch of stocks rallied that were crushed last week. But the fact is we're in the grips of a powerful bear market for many tech stocks and it doesn't take much to knock these down at all. I want to start with cyber security. I heard about it all day and not. Well, I didn't hear about anybody getting it right. So let me just. I'm not. It's not out of hubris. I just have to explain it. There's a private company called Anthropic. They're developing an AI model with unchecked agent capabilities that theoretically could have tremendous cybersecurity powers given the strength of Claude. The market believes this new offering from Anthropic will be devastating for the two preeminent cybersecurity stocks, Palo Alto Networks and CrowdStrike. Both of which we fortunately or unfortunately, depending upon the day, own for the Chapel Trust. For a while, people seem to be under the impression that with Anthropic's new agents, we might not need traditional cyber security at all. Now that is just dead wrong. In reality, the rise of AI should be a tailwind. That means good for Palo Alto and CrowdStrike because these same AI agents can be programmed by hackers to take over your network very easily. They are the vulnerability. Without the help of traditional cybersecurity, you're more vulnerable than ever. George Kurtz, the CEO of CrowdStrike said as much. But he came on the show last Wednesday. I remember listening to him and he was saying, look, you know, this is really good for us. Now, George has been straight with us all along. Well, you like suddenly start lying. You don't do that. Nikesh Aror. How about him? The CEO of Palo Alto? He's been for ages. He just bought. Well, he didn't have to put input a bunch of statement as much as he bought $10 million worth of his own stock in the open market on Friday. I don't think a CEO would buy $10 million worth of stock if he thought it was an existential threat to the business model. Would he be doing that if Anthropic was going to wipe his company out? I am not saying these stocks should go right back up. It's too hard a market for that. I am saying now, you know, at Least why they went down. Next, we're going to talk memory stocks. Oh, everyone's given up on those, right? Last week we learned that Google is something that could make it possible for computers to use less memory. While this may or may not be true, it destroyed the entire cohort. Micron Chic at Western Digital Sanders. Wow. Getting obliterated carnage was non stop Charnel house. I wish that there was some gravitas to Google's memory device killer though, because I'm not buying it. Why? Because Google was down when it was announced. If this were for real, Google stocks should reward instead of going down. Still, the memory stocks were up so much going into last week that they were due for a pullback. Remember, they went parabolic. What do we think about parabolic moves? But if this turns into a bear market, they're clearly not done going down. All right, let me give you one more example, and this one's more complex. The lawsuits brought by the typical class action lawyers to extract big money out of enterprises that may or may not be responsible for bad things. Matter lost two cases in a row last week. One in New Mexico, which said, among other things, that Meta prioritized profit over safety, and another in California that said Meta and Google were negligent because they failed to warn users about the addictive nature of their platforms. The Planet, who claimed to be addicted to social media, was rewarded with $6 million, with Meta responsible for 70% of the damages. Both were tried in state, not federal, courts. The marketplace doesn't know how to handle lawsuits. So let me give you a little primer on what's going to happen here. First, arguably, meta lost about $200 billion in market capitalization of these verdicts. The size of The New Mexico verdict, 375 million, seemed really devastating. The California case made people think that Meta would now be a honey pot for any young person who can demonstrate social media addiction. Special notion of the case. It got around section 230. That's that unique protection that online publishers have by attacking the process of how content is made. The plaintiffs have juicy emails that can be reused endlessly. And some of this stuff looks very bad to a jury. Both cases gave the appearance that the plaintiffs can run the table with the emails, but there's context to the messages, and that context will make it much easier for Meta to win these cases when it comes to appeal. Now, I know that these two losses were devastating to the shareholders who fled in droves, but I followed these kinds of lawsuits all my life, and I can tell you that when these cases get to the federal courts from this letter rather than in the states, there's a very good chance it could be overturned. Why? First of all, the defendants are incredibly sympathetic, something that appeals to ordinary judges and certainly definitely to the juries. But they will play no role at the federal appellate level, which is where I think these cases are going. No jury. At the end of the day, when you sue social media companies for your depression, you have all. Look, you're going to eventually have to prove that it was Meta's fault. Very hard to do. Any individual has a ton of potential reasons to be depressed. This is not like Big Tobacco. We all knew smoking causes lung cancer, including tobacco companies, even as they denied the leakage for decades. Medican can prove that it wasn't the only precipitance. So each case will have to be done on the mercs, and that's too expensive for the planners bar to do. I know these two cases seem existential to the health of Meda, but before you begin to believe that, remember what happened with the stock of Johnson and Johnson and the Tao cases where plaintiffs claimed there was asbestos in baby powder that caused cancer. The plaintiffs brought up memos that showed there were people at JJ who knew about the asbestos. The defendants argued the diligent people within the company had to ask about whether there was asbestos intact. They presented the memos as devil advocate notions. Meanwhile, moreover, it became harder and harder to prove that JJ was a bad actor. So then it began to win a lot of cases. The stock has moved up about 100 points, 100 points since it became clear that JJ's baby powder was not tobacco. Bad time to sell, good time to buy. I bet these Meta lawsuits play out the same way. And that's without even getting into the free speech defense, which is also incredibly strong. That's why I thought the sell off based on these lawsuits was strange, wrong, maybe even ridiculous. Don't let your hatred of Instagram can do to young people blind you to the buying opportunity. Remember, people have the right to log off too. You know, there's like a first amendment right to not watch. And no one is forcing you to scroll through social media. It's different people. But this is a horrible market and all the bad things are made worse. Let me give the bottom line. Sometimes stocks sell off for bad reasons or fully bogus reasons. And at those moments, I'd rather be a buyer than a seller of Crowdstrike or Meta. At some point, I'd be willing to bless the memory stocks too, but they need to cool off some more before I'm willing to stick my neck out because this is such a. It's become such a horrible stock market. Let's go to Tiffany in Florida, please. Tiffany. Booyah.