Mad Money w/ Jim Cramer 3/31/26

Summary

Mad Money w/ Jim Cramer — March 31, 2026 [Episode Summary]

Episode Theme & Purpose

Jim Cramer brings his trademark mix of market analysis, actionable advice, and candid interviews on the day's explosive Wall Street rally, driven by hopes for peace in the Middle East. He dives into how war and peace reshape markets, why staying patient in selloffs often pays, and spotlights the future of AI in enterprise software, cybersecurity, and energy, thanks to in-depth interviews with CEOs from Palo Alto Networks, Salesforce, and BKV Corporation. Listeners get practical stock advice in the Lightning Round and Cramer’s take on controversial recent M&A in the food sector.

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1. Market Reaction: Peace Prospects & the War’s Ripple Effect (01:01–06:13)

Key Points:

• Early signs of a peace negotiation in Iran spark a historic market rally (Dow up 1,125 points, S&P up 2.91%, NASDAQ up 3.83%).
• Cramer emphasizes pain tolerance: “If you can’t take the pain of this environment, I say take advantage of today’s rally...sell, sell, sell.” (03:06)
• Distinction between oil and gas movements: US oil is globally priced despite energy independence; natural gas is mostly insulated domestically.

Notable Quotes:

• “Do not sell stocks into a meltdown... If you’re patient and didn’t throw stocks into that miasma...you’ll usually get better prices for your hard-earned money.” (04:10, Jim Cramer)
• “Now, for those of you sticking around, like me and my Chapel Trust, let’s think about what happens when the market tips its hand like it did today.” (05:18, Jim Cramer)

Timestamps of Interest:

• [01:01–03:45] — Opening market analysis, investor psychology, advice to sellers.
• [03:45–06:13] — War’s influence on inflation (particularly commodities), and implications for the Fed.

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2. Growth Stock Surge: Tech & the End of the War Discount (06:14–09:45)

Key Points:

• Growth stocks, especially in tech, rally hard on the prospect of lower rates and diminished war premium.
• Highlighted deals & movements: Nvidia invests $2 billion in Marvell Technologies, creating cross-ecosystem synergies (Nvidia up 5.6%, Marvell up 13%).
• Meta’s stock rebounding as investors re-evaluate legal risks and future earnings.
• Banks and private equity firms like Blackstone also recover on lessened credit fears.
• Cramer’s tactical advice: today’s rally is a “dry run” for how the market might move when the war actually ends.

Notable Quotes:

• “Talk about multiple compression. At the bottom today, Nvidia was trading at 14 times earnings...the P/E of a boring old bank stock with bad credits.” (08:16, Jim Cramer)
• “Maybe this dialogue with Iran is really nothing more than an exchange of messages... So consider today a dry run for what will ultimately occur when the war winds down.” (09:24, Jim Cramer)

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3. Interview: Nikesh Arora, CEO of Palo Alto Networks (12:32–23:09)

Headline: “You Need to Fight AI with AI”

Key Insights:

• Cybersecurity threats are accelerating as attackers weaponize AI.
• Defenders (cybersecurity companies) must match pace with AI-driven automation and threat analysis; real-time protection is more vital than ever.
• Arora argues that market misunderstanding, not fundamental weakness, explains recent drops in cybersecurity stock prices.
• Arora bought $10 million of his own company’s stock, signaling deep confidence in the space.

Notable Quotes:

• “We all heard about these new model capabilities...very good at finding vulnerabilities in software. That is going to create a faster pace for attackers.” (13:44, Nikesh Arora)
• “Remember, they just have to be right once — we have to be right 100% of the time.” (14:07, Nikesh Arora)
• “Sometimes it’s even more blindingly obvious to me that this is a mispricing, a misunderstanding where the markets are. So I decided to make a reasonable purchase.” (16:23, Nikesh Arora)
• “All hell is going to break loose” if proper governance and kill-switch mechanisms aren’t built into AI tools. (18:25, Nikesh Arora)
• “If my email gets hacked, I show up on the front page of the newspaper.” (19:24, Nikesh Arora)

Timestamps of Interest:

• [13:30–14:59] — The case for AI-defense; automation.
• [16:15–16:48] — CEO’s personal buy; industry confidence.
• [17:26–18:43] — Scarier AI threats and governance needs.
• [21:15–22:57] — Iranian cyber efforts and market signals.

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4. Interview: Marc Benioff, CEO of Salesforce (24:47–33:59)

Headline: Slack and Agent Force: The AI Revolution in Enterprise Software

Key Insights:

• Slack has evolved into "the interface to AI," tripling revenue since acquisition, now expecting $3 billion this year.
• Salesforce’s new “Agent Force” automates workflows with hybrid human-AI teams (“agentic” workflows).
• Benioff critiques the “nonsensical” Wall Street premise that AI will destroy software value: “Software is going to have more value for companies than ever before, not less.” (31:41)
• Massive $50 billion buyback as statement of confidence.

Memorable Moments:

• Cramer: “Am I too bullish in thinking...you’ll pay 300, you’ll pay 400...?” Benioff: “I do know when our stock is just too darn cheap. That’s why we bought back 11% of our company.” (31:39)
• Benioff predicts agent-driven collaboration and automation will define the next era of business.

Timestamps of Interest:

• [25:40–26:55] — Slack’s transformation and centrality to the AI boom.
• [27:13–29:42] — Agent Force, agentic workflows, Pandora case study.
• [31:30–33:42] — Stock valuation, buybacks, and market disconnect.

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5. Interview: Chris Cowen, CEO of BKV Corporation (34:24–41:41)

Headline: Closed-Loop Natural Gas—Texas' Secret Weapon for the AI Era

Key Insights:

• BKV’s closed-loop model: drilling, power generation, and carbon capture all under one roof, maximizing margins and sustainability.
• Texas is uniquely positioned to supply hyperscaler data centers, especially as war disrupts other global energy routes.
• Major tech buyers (e.g. Meta) want gas plus carbon capture as renewable/nuclear aren’t scaling fast enough.
• US natural gas didn’t spike like oil during the Middle East crisis—underscoring its value and independence.
• Carbon capture is both pragmatic and economically sound: “We’re selling ‘organic gas.’”

Notable Quotes:

• “We have nearly a bcf of gas, gross gas in Texas. We’re injecting CO2...so if you’re building a data center, this is a company where people can see the whole thing in one package.” (37:00, Chris Cowen)
• “This is a wake up call that’s really happening. I think it’s going to continue over the next several months.” (39:26, Chris Cowen)

Timestamps of Interest:

• [34:24–36:00] — BKV’s model versus traditional energy.
• [36:16–37:29] — Hyperscaler interest, Meta partnership.
• [38:37–41:05] — Carbon capture, US energy opportunity, paradigm shift.

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6. Lightning Round — Stock Picks in a Flash (41:58–43:39)

Selected Calls:

• Westlake Chemical (WLK): Sell on rally — "Parabolic move... I think you should take profits tomorrow." (42:23)
• Gold/Barrick Mines: Skeptical on gold; prefers Agnico — “Gold has a mind of its own ... all speculative.” (42:56)
• Okta: Buy — “Okta ... consistent earnings power and I would be a buyer of Okta.” (43:28)

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7. M&A in the Food Sector: Why Great Deals Flop in a Growth Market (44:02–47:42)

Key Points:

• McCormick’s merger with Unilever Food and Cisco’s buy of Jetro evoke immediate stock declines, despite operational rationales.
• The market currently hates value and food stocks — “This is a safety last kind of market.”
• Cramer’s contrarian stance: Six months out, these deals will prove value-enhancing.

Notable Quotes:

• “But cornbread gets a food service business. It can immediately add Hellman’s and Coleman’s mustard...They’ll be able to entirely dominate some aisles in the supermarket.” (44:45, Jim Cramer)
• “I would not give up on these two. They are well run and consequential.” (46:55, Jim Cramer)

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Memorable Moments & Quotes

• “Maybe this dialogue with Iran is really nothing more than an exchange of messages. Maybe it’s meaningless. So consider today a dry run for what will ultimately occur when the war winds down.” (09:24, Jim Cramer)
• Nikesh Arora on cybersecurity: “They just have to be right once — we have to be right 100% of the time.” (14:07)
• Marc Benioff: “Software is going to have more value for companies than ever before, not less.” (31:41)
• Chris Cowen: “We’re selling ‘organic gas’ ... and the carbon capture allows us to do that mathematically.” (38:01)

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Takeaways & Cramer's Bottom Line

• Market Lesson: Don’t panic sell into meltdowns—be patient for reversals.
• Tech Focus: War’s end (real or perceived) flips big tech and growth back into favor; software and cybersecurity innovation remain undervalued.
• Energy Transformation: US natural gas, especially with carbon capture, is attracting corporate and international buyers as a secure, scalable solution.
• Stock Tactics: Use rallies to trim if you can’t stomach volatility; look for opportunity in sectors the market currently hates.

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For more on Cramer’s investing philosophy, visit madmoney.cnbc.com.

Transcript

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[Charles Schwab Host]

This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information packed daily market Preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions, and key results and statistics that may impact your trading. Download the latest episode and [e-mail] MarketUpdatePodcast or find Schwab Market Update wherever you get your podcast Podcasts My mission is

[Jim Cramer]

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 Kramer arca. Other people make friends. I'm just here trying to make a little bit of money. My job is not just to educate, but to entertain a little. So call me at 1-800-743- CNBC or tweet meacham Kramer Today Today we saw what would happen when you give peace a chance. Or at least when a toothless Iranian bureaucrat says he wants to negotiate a possible end to the war. Looks a lot like exactly what was happening before the war, didn't it? This market yearns for status quo ante. So oil is going lower, interest rates are going lower, and the averages explode higher. GAL surging 1,125 points. SB polling 2.91% NASDAQ soaring 3.83% House of pleasure it's a growth stock bonanza. After five weeks of the House of Pain because of the war, it's a surprise like this. Well, I gotta tell you, it should have been expected. I don't know if it's real. Nobody does. The president of Iran is the best to figure out. He's not. The supreme leader certainly doesn't control the military. Arguably he can be rolled out to say he wants a deal. We offer him one. And then the parliament of mules, they just say, hey, listen, we reject that. The mullahs can do that. We also don't know what President Trump Told them that made an Iranian official willing to come out in favor of negotiations. Hey, maybe it's all for show. Before we get into what can happen, I do want to spend a second talking about what did happen to many of your portfolios. Many of you have told me in this intervening month that you hate this market, that it's a treacherous market and it's causing some real doubts about whether stocks can be counted on anymore as an asset class, especially for your retirement. If you're closing in on it, if you're one of those people, and I hope you aren't, but if you are, now is your chance. Tomorrow morning, do some selling. I didn't want you to sell into the big brass, but you do it now, maybe you're not cut out for making big money in the market. Never think about that. That's fine. It's not for everybody. If you can't take the pain of this environment, I say take advantage of today's rally. And you know what? Sell, sell, sell. I make this point because one of my basic principles is do not sell stocks into a meltdown. I've been saying that you'll get a moment where things reverse. There's always a better moment. So if the market has really been hammered and gets oversold, you're going to get this kind of bounce which will give you much better prices. Today's a perfect example. If you, if you're patient and didn't throw stocks into that miasma that has engulfed us, you'll usually get better prices for your hard earned money. Don't give in to the maelstrom of negativity. At least wait for it to end before you dump your stocks. Personally, I would say stay the course, you know that. But not everyone has the level of pain tolerance that I have. Anyway, you have now gotten a better moment to sell. So take it. Now, for those of you who are sticking around, like me and my Chapel Trust, let's think about what happens when the market tips its hand like it did today. You saw it. You saw. It's like playing genius where you put those three queens away. First and most important, we now see that when the war ends, rates go down. They go down noticeably. They go down because we now realize that there's a huge amount of inflation stemming from the war. Not just from oil going higher. We saw that at the pump, but from ancillary products that came out of the Gulf. Fertilizer, polyethylene, aluminum. We didn't know going to the war that our farmers were going to need to Raise prices to us because the price of fertilizer go much higher. You allow the fertilizer to come back down, you can stop the pernicious food inflation. Polyethylene. Who knew? It's one of the basic building blocks of plastic. You could ripple through the system very quickly. It's going to happen. Aluminum is the preferred way to can and it's also become a key component in cars. These inputs might come down and maybe come down hard because the goods themselves can be produced elsewhere. But we did not realize how much inflation this war could bring. Of course gasoline inflation is no joke. Even though America's energy self sufficient, guess what? It turns out we don't have export controls which means the price of oil here is tied to the price worldwide. No matter what people say that we're independent. Natural gas did stay the same though because it's a regional market rather than a global market. The amount we can export is limited by our infrastructure. We have too much gas here. So what happens in the rest of the world really doesn't impact us. Remember that. How about lower long term interest rates connected to housing? As long as they stay down. It's a simple leap for to have this new Fed chief Kevin Wash come in and he's have an easier time trying to get things rolling for some rate cuts. I really don't care what these random Fed heads are periodically interviewed have to say. I don't. I think that Kevin Marsh is going to be a tough Fed chief where he gets inputs from all the voting members, then he tells them what he wants. That's not actually how it works in practice but we're going to see if he can pull it off. I think he can. All those naysayers who say rates are going to go up. You know what? You're wrong. I really do. I'm just willing to say it. You can replay the tape all you want. Just go ahead. I already see it. Hey, replay it now.

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Ahead.

[Jim Cramer]

Why not? Hey Kramer, you got it wrong. He says rates aren't going higher. You know, give me 30, give me 46 hours, 48 second. When rates go down, people gravitate to what they gravitate to growth stocks. They do it because money managers believe that price earnings multiples, how much we'll pay for a company's earnings have been horribly compressed by war. The if the war is over, we'll start paying more for the stocks of companies that were never going to skip a beat to begin with. Hey, by the way, including some we're going to watch tonight of Course, if we end the war without reopening the strait, there might be not all that much better for some of the stock market. But still today the action in the growth stocks say well, this is what things were going to look like. I want to start with two companies I just talked to and squawking the street this morning, Nvidia, Marvell Tech. Today Nvidia decided to give Marvell 2 billion. Here you go to Bill as the two agreed to work together on an infrastructure plan. Remember, there's much more to Nvidia than just chips. There's a whole software ecosystem and companies that use Marvell for a portion of their network can use Nvidia too. It's a smart move for Nvidia to get companies that don't use Nvidia to migrate to their platform. Of course, Marvel benefits to Nvidia rallied 5.6%. Marvell shot up 13%. Talk about multiple compression. At the bottom today I think in video stock was trading at 14 times earnings. That's the P E of a boring old bank stock with bad credits. How can they be confused with a boring old bank stock with bad credit? It makes no sense at all. Of course these weren't the only two winners. Meta platforms has been pancaked here to the point where it sells for 19 times earnings. I understand the company has to spend a lot of money buying chips from India. That's put a little on the stock. But Meta really got crushed by a one two punch in New Mexico and Los Angeles courtroom over the way the company failed to protect the younger users. Among many other charges. They lost both cases and the stock shed billions and billions and billions of dollars over a two day period. Cooler heads are now looking at these cases and recognizing that there's plenty of appeals ahead before matter has to pay anything at all. And if they win an appeal not to pay a dime, I think that the words will be trimmed. I also think that the first Amendment is going to be a very good protector of what matter has to do. What else? We saw the stocks of the banks themselves which have been horrendous, start to rally. There are always worries about bad loans. They were shrugged off today. Very impressive. I like the action, let's call it the pin action in the private. Sorry. In the private equity firm Blackstone. Remember this is one where the employees actually bought the private credit exposure from the frightened scared investors who wanted out no matter what. The private equity cohort will also benefit from the possibility of more deals that maybe they'll use it. Please. Private Equity people, will you sell some stuff, Take a loss, Just get it out of our faces. All right. Finally, that's. That's a little extreme. Finally, perhaps some confidence can return. Many people have pulled out of the market. Fear for private credit, worried about the Fed, scared about inflation. I spent most of my lifetime trying to explain why it's worth sticking around. I'm doing it again. Here's the bottom line. Maybe this dialogue with Iran is really nothing more than exchange of messages. Maybe it's meaningless. So consider today a dry run of what will ultimately occur when the war winds down and they do, and when the doubters and towel throwers come in tomorrow. Please notice what the bold were buying. I just hope they come down again so you can get your chance at preferable prices. It'll be worth it. I want to go to Phil in Kansas. Phil. Booyah, Jim. Booyah, Phil. What's up? I'm a club member. I read your book and I love your show. Thank you, partner. I got a question. With the AI data center built out

[Marc Benioff]

in full swing, what's your current thought on Vertif?

[Jim Cramer]

Oh, I like Virta very much and I know people are going to say, jim, it's too high, it's too high, it's too high. It's been too high ever since it got too high. There. There's some genuine homespun wisdom, huh? All right, look. Today was a preview of what will happen when the warrior ram winds down. Look at the closing prices. Really pay attention to what went on now we've got an action packed lineup. I love saying that. Homemade money. Tonight we got Palo Alto Networks, the CEO of the Cybersecurity. He just put $10 million worth of shares last week. Maybe you ought to listen. Or maybe he's making it up. No, I'm sitting down with the CEO. Find out. Then Salesforce rolled out a bun new AI powered features for Slack today. I was on Slack today. I'm checking in with CEO Mark Benioff to get the latest and bkb, I know you never heard of it but it's a major natural gas producer and I'm going to explain later on when we see them why. Why you need to pay attention. I think they are set to go higher. I want you to stay in the market and I want you to stay with Kramer.

[Chris Cowen]

Foreign.

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[Ticket Lady Jennifer]

Well, many thanks, good sir. Here is my Discover card.

[Jim Cramer]

They accept Discover at Renaissance fairs.

[Ticket Lady Jennifer]

Yeah, they do here. Discover is accepted at the places I love to shop. Getith with the times.

[Jim Cramer]

With the times.

[AT&T Business Wireless]

You're playing the lute.

[Ticket Lady Jennifer]

Yeah, and it sounds pretty good, right?

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[Chris Cowen]

the February 2025 Nielsen report.

[AT&T Business Wireless]

Not every sale happens at the register before AT&T business Wireless checking out customers on our mobile POS systems took too long. Basically a steering contest where everyone loses. It's crazy what people will say during an awkward silence. Now transactions are done before the silence takes hold. That means I can focus on the task at hand and make an extra sail or two. Sometimes I do miss the bonding time. Sometimes.

[Jim Cramer]

AT&T business Wireless Connecting changes everything. All year, the enterprise software stocks been weighed down by the AI displacement trade. Could be some groups that really don't deserve it. Like cybersecurity, which shouldn't be in the mix to begin with. These stocks go down every time Anthropic the Destroyer puts out a new press release or leak something about their security functionality. But honestly, cybersecurity is one area where you need actual human beings, not just software vibe coded by AI. In fact, bad actors are starting to use AI themselves, creating more powerful attacks, doing much faster. Making strong cyber defense is more important than ever. Plus, all these new agents are potential vulnerabilities. All these things should be terrific for the major players. Don't take it from me. Let's check in with Nickshiro. He's the chairman CEO of Palo Alto Network. Cybersecurity. Heavy hitter. We own for the travel truck. And he's here. Mr. Roha, welcome to everybody.

[Nikesh Arora]

Thank you for having me. Jim. To be here live.

[Jim Cramer]

Yes, it is. No, none of that screen stuff now. I'm going to get. I want to go a little sci fi to start. Okay, let's go we need to fight AI with AI. What is that?

[Nikesh Arora]

Well, like I think last weekend was a seminal moment. We all heard about these new model capabilities which are going to be really very good at finding vulnerabilities in software. Not just cyber software, any piece of software deployed anywhere. I think that is going to create a faster pace for attackers to be able to use these vulnerabilities and come after critical infrastructure. I think we need to make sure that the defenders, which is cybersecurity companies, are using the same techniques to be able to protect our customers. Because remember, they just have to be right once, we have to be right 100% of the time.

[Jim Cramer]

Well, it would seem when you first came up with platformization, good idea. But now if you're not platformization, there's so many cracks that I have to believe these goal seeking agents will get through and find the cracks. That's their job.

[Nikesh Arora]

Well, look, the agents are really good at pattern recognition. We've been writing software for the last 50 years. But humans are not perfect at writing software. That's why you look at things like cloud code, codex, all these new AI coding tools are helping us write better software, but they're also able to find bad written software. So what's happening now is what would take us weeks with human beings to analyze software to find problems, and we have a process of finding the problem, patching it and deploying it. These new models are going to make that happen at rapid pace.

[Jim Cramer]

Right.

[Nikesh Arora]

When that happens, we need to increase our pace from the defender side to be able to do that as quickly as we can.

[Jim Cramer]

Now there is a misperception when we alluded to Anthropic the Destroyer, but Anthropic on their own, they seem to make a couple of mistakes. I'm not sure how much money back with them.

[Nikesh Arora]

They're like any technology company, you know, we never design security when we build great technology products because we're so excited about the optimistic use case.

[Jim Cramer]

Well, that's good. But you know what happens is, is that they put out something which says, hey listen, basically we're going to be our own cybersecurity agent. I don't know if I want the company making the stuff to also be their cybersecurity guy. That seems to be a little reckless.

[Nikesh Arora]

I think to be fair to them, what they showed was the model's capabilities of being able to find vulnerabilities or find issues in code, which is fine, they should do that. But remember, cybersecurity something different. What we do, what the industry does us and other players in the industry, we build the constant scaffolding required to deliver cybersecurity. So we are sitting on the endpoint. We're sitting in your data centers, we're sitting in your applications, we're sitting your cloud instances, we're watching the traffic back and forth to make sure bad guys are not coming in. That scaffolding requires to exist. That scaffolding also needs to use. So we will all be using AI. But I think this just increases the opportunity for cybersecurity companies and also makes us totally essential to future technology development.

[Jim Cramer]

Well, could that be a reason why you actually went into the open market and bought an amount of stock that I think really popped people's eyes?

[Nikesh Arora]

Well, Jim, you know, I'm not a trader. I don't understand the market as well as you do. But sometimes even more blindingly obvious to me that this is a mispricing, a misunderstanding where the markets are. So I decided to make a reasonable purchase in the market because it's important for us in the cybersecurity industry to show confidence in our sector. I honestly believe the events of last weekend are a net accelerant to cybersecurity, not a detraction from it.

[Jim Cramer]

Well, also, you know, we're all getting a little scared. It's. We're getting scared because, for instance, the FBI director was hacked. And now how is that possible?

[Nikesh Arora]

Look, if you bring a big barrel, sort of battling battering ram, the thing that breaks things down, the bigger you bring it, you can eventually get into people's defenses. So there are lots of configuration issues, lots of things that we don't do. We don't use two factor authentication. There are many different ways that bad actors are going to get into our infrastructure. That's why it becomes more and more important for us to be able to block these things. Real time security has traditionally not been as real time as needs to be. But AI is going to make sure that we get to real time security.

[Jim Cramer]

Well, you know, I think we are scared. We're scared because things like scared is

[Nikesh Arora]

good for our business.

[Jim Cramer]

But that's true. We ought to be every desktop to

[Nikesh Arora]

be scared and selling cybersecurity stock.

[Jim Cramer]

Well, it certainly makes the sale easier. How about that? Every desktop now effectively behaves like a server is likely to have unsupervised AI tool operating. What this maybe feels like is that someone who may not be all that skilled may not realize they can click on something and that could end the practice of whoever they're working for.

[Nikesh Arora]

Look, Jim, these new AI Models are producing capability much faster than humans are able to adapt, adopt and understand them, right? Suddenly we see open claw show up on a weekend. Now, there's many different kinds of claws which are agents that can help you automate tasks. Well, guess what? These agents need your permission to be able to go execute this task. I'll tell you an incident we saw recently. An agent was trying to get something done in an infrastructure. It realized that wasn't didn't have the permissions to do it. The agent decided to rewrite the permissions so it could obviate the security, right? So you've got to be careful. These agency governance, they need control, they need kill switches. None of that scaffolding, as I call it, has been built for AI. So part of what needs to happen is these AI labs need to make sure the right scaffolding exists to provide the governance and control for AI. Without that, we're going to. All hell is going to break loose.

[Jim Cramer]

How do you get the right people to, to do that stuff? How come they're the good guys?

[Nikesh Arora]

Sorry?

[Jim Cramer]

Well, if you're a bad guy, you can make a lot more money than being a good guy right now, right? I mean, I never see anybody in jail. Where are the people in jail? Is there like a special wing of Leavenworth for these people?

[Nikesh Arora]

Like there's a whole set of people who want to make sure that technology gets deployed in a responsible fashion.

[Jim Cramer]

These are good people.

[Nikesh Arora]

These are the good people. They work in the cyber security industry. They also work in the technology industry.

[Jim Cramer]

You know, the cyber guys are the guys who first told me this. They said, you know, we have to have guys if they, they can't leave, we can't even have them leap. It's too important. You got that same attitude called in

[Nikesh Arora]

the Palo Alto guys now because we closed the acquisition.

[Jim Cramer]

I know, I love those guys. Those are guys who are dedicated.

[Nikesh Arora]

They are the guys who invented privileged access management. They're the guys who said that there are certain people in technology who should be protected, their credentials should be protected. If their credential gets stolen, large infrastructure systems can be brought down. So that is where the idea of treating IT administrators privileged access people came about. Today, almost every second person using technology has to be deemed as privileged. Am I not a privileged accessor to my own email? I am. If my email gets hacked, I show up on the front page of the newspaper.

[Jim Cramer]

How fun are those guys? They're tough guys though, right? Tell me what it's like to work with them. Because I was totally into Those guys.

[Nikesh Arora]

Well, look, Cyberark was a great company. We're very pleased and delighted that they gave us the honor of being part of Palo Alto. They have a large contingent of people in Israel, so do we. And I tell you what, the resilience these teams. Teams show in Israel with everything going on geopolitically, the fact that they show up every day to come to work and try and do their best work to protect the world's technology infrastructure just boggles my mind. They're just amazing people, not just at cyber art, but also at Palo Alto, who are trying to keep the cyber flag flying high.

[Jim Cramer]

Okay. Now the last thing is I went when I first got introduced to the industry from them and they always said to me, listen, we make everybody available. Something goes wrong. This guy, this guy, this. And he used to bring in the set. One of the things that I keep thinking, let's say I was using the, the anthropic cybersecurity and something goes wrong. Who do I call there? That fellow Dario. I mean, top guy. Maybe give him a, give him a jiggle.

[Nikesh Arora]

More than likely, nobody is going to be able to use the AI models independently of cybersecurity companies for cybersecurity. What's going to happen is these models will power our security capabilities and make certain things faster, whilst there'll be a whole host of things that we already do where we sit on sensors, build sensors. So it'll have to be a partnership. It'll have been together and AI is going to make cybersecurity work better, faster, with higher quality. But that's what the market doesn't understand.

[Jim Cramer]

Okay, the last thing, there was a company that med tech play, pretty good company. I looked at their building and it wasn't their name. It had Iran. Iran. The Iranians hacked the lights of the building. Yes. This Iranian war has got a little bit more than we think. When. They're not bad at this at being bad guys, are they?

[Nikesh Arora]

Look, there are certain countries around the world who have developed an expertise in both defensive and offensive cybersecurity. Some of them use it for defensive purposes. As I just told you, the example of four or five thousand people sitting in our offices in Israel, there are people who are very good at offensive.

[Jim Cramer]

It might be good. The cyber guys might actually be too to some of the things.

[Nikesh Arora]

They are very tuned to some of the things. And I think part of what we build are antidotes and solutions to those companies. And yes, as I said, sometimes those companies get breached, we step in to help them bring back their infrastructure. I don't know if you saw there was a blog post recently where the same company you mentioned actually said that our team was instrumental and bringing them

[Jim Cramer]

back up to up and running and that was why.

[Nikesh Arora]

Yeah, yeah.

[Jim Cramer]

And I'm going to bring up one more thing again. $10 million is real money. You don't look I've seen guys buy $500,000 with the stock for Rich and you say that person's painting the tape. I've never seen anyone put 10 million down unless they thought the stock was going to go higher.

[Nikesh Arora]

Jim I've had the privilege of working at Palo Alto for almost eight years now. In the last few years I had to divest some shares because option programs and stuff won't get to the details, but for the first time I got unfettered ability to buy stock. I think it's a great company, I think great market, great sector. I believe the future of cybersecurity is huge going forward. I think the more technology that we bring to bear, the more it needs to be delivered securely, safely. And I think AI is going to be huge and is going to require responsible companies to help deliver responsibility to our customers.

[Jim Cramer]

Agree with I'm so good you came to the set to tell the story to Cash Aurora Chairman CEO of Palo Alto Networks, who actually has more stock than he did last time I saw that. My specific break

[Show Announcer]

coming up with Salesforce unveiling new AI capabilities for its Slack platform. Is the company being undervalued right now? Kramer's asking CEO Marc Benioff next

[Nikesh Arora]

thy

[Ticket Lady Jennifer]

ticket lady Jennifer of Coolidge. Well, many thanks, good sir. Here is my Discover card.

[Jim Cramer]

They accept Discover at Renaissance?

[Ticket Lady Jennifer]

Yeah, they do here. Discover is accepted at the places I love to shop. Get it with the times.

[Jim Cramer]

With the times.

[AT&T Business Wireless]

You're playing the loot.

[Ticket Lady Jennifer]

Yeah, and it sounds pretty good, right?

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[Chris Cowen]

the February 2025 Nielsen report.

[Charles Schwab Host]

This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information packed daily market Preview delivered in 10 minutes or including projected stock updates, monetary policy decisions and key results and statistics that may impact your trading. Download the latest episode and [e-mail] MarketUpdatePodcast or find Schwab Market Update wherever you get your podcasts.

[AT&T Business Wireless]

Not every sale happens at the register. Before AT&T business Wireless, checking out customers on our mobile POS systems took too long. Basically a staring contest where everyone loses it's crazy what people will say during an awkward silence. Now transactions are done before the silence takes hold. That means I can focus on the task at hand and make an extra sail or two. Sometimes I do miss the bonding time. Sometimes.

[Jim Cramer]

AT&T business wireless connecting changes everything. We all know it's been a brutal period for anything related to enterprise software because Wall street just somehow assumes this entire industry will be devastated by AI. For example, Salesforce reported what I thought was a pretty darn good quarter in February, but the stock hasn't been able to get any traction since. Makes no sense to me. Salesforce has booming AI business on its own in Agent Force and they just rolled out a bunch of new AI powered features for Slack. Plus the company's also putting its money where its mouth is. $50 billion buyback which is already underway. That's enormous. It's only $172 billion company. Let's take a closer look with Mark Benioff. He's the co founder, chair and CEO of Salesforce. Get a better sense of what's happening here. Mr. Benioff. Welcome back to Mad Money.

[Marc Benioff]

Jim. It's always great to be with you. Hello from San Francisco.

[Jim Cramer]

Well, Mark, I would like to give a hello to the new Slack. I thought you might be able to tell us because it's quite different from the Slack that you told me to use and I've been using. This is something very new, very different.

[Marc Benioff]

Jim, you remember five years ago we bought Slack and it was an incredible company, but it's become an even a better product. And we've also tripled revenue during that five year period. We're anticipating about $3 billion in revenue this year with Slack. Pretty incredible and I'll tell you why. It's one of the fastest growing products at Salesforce, Jim. It's really this AI revolution. This has become the interface to AI. If you look at these hot air companies we have here in San Francisco, like OpenAI, anthropic and so many others, they are all running their companies on Slack. And so it's become not only this incredible platform to automate your companies, but also the number one AI ecosystem. In fact, we had hundreds of companies here today in San Francisco showing all the incredible things that they've built on Slack. And of course anybody who uses Slack every day already knows that. This is just awesome what happens inside Slack. We've even made Slack the new interface to Salesforce itself.

[Jim Cramer]

Well, let's talk about the interface that is Agent Force and how that's doing. We've spent too much time talking about. I think people spend too much time talking about the software as a service, which is doing okay, and not enough time talking about Agent Force, which is doing far more than okay.

[Marc Benioff]

Well, Jim, Agent Force, like, by the way, a lot of incredible software companies. You've seen these amazing results that have happened over the last several months. Software companies are reported, including Salesforce itself, having amazing quarters. I think our quarter was probably the best quarter we've ever had. Exceptional revenue and cash flow. You saw the numbers, Jim. It was awesome. But guidance for this year of over $46 billion hasn't been, I think, any independent software company that's delivered that level of capability of $16 billion of cash flow. Well, we're not alone. Our whole industry is delivering phenomenal results. So I think that this idea that software and software as a service can be disregarded in the age of AI is quite nonsensical. And instead I think what we have to look at is how are things changing and how are things becoming more important in companies with the combination of software and AI? And Slack is indeed a great example, Jim, where AI has made Slack so much better. You know about Slack Bot, that I use it every day. It just makes my life better. It's humans and AI working together now.

[Jim Cramer]

I mean, we'll get these discordant messages periodically. Like in November, Sam Altman says Open AI CEO says Slack creates a lot of fake work. Of course, Elon Musk disputed that, but I mean, why, why, why did he say that? What is that about?

[Marc Benioff]

Well, I don't know. You know exactly anything about that. I do know that OpenAI is a tremendous customer of Slack and Salesforce, running their sales and service on Salesforce's core applications and Slack itself. In fact, whenever I'm with Sam Altman, and I'm a huge fan of Sam Altman, I think he's a fantastic CEO. You know, he opens his laptop and it's Slack running his business. And that's true of most AI company CEOs here in San Francisco, really, through our whole industry. And I think it really indicates that the software industry is still very much alive and well and growing. And you can see that in these Slack numbers. But you can also see it in the tremendous innovation that is happening in our core. And you mentioned Agent Force or we've sold tens of thousands of companies this new incredible product. I think I was the first one to use the word agentic. You were on your show, I remember. You had to go and look it up. Now, the first Time I used it. But this idea that it's humans and agents working together, this is the next level of automation of big companies. Jim.

[Jim Cramer]

Oh, no. It's quite exciting. And I know you had about 29,000 people on it. Now you must have trialers and then takers have the vast majority of the trialers become good customers.

[Marc Benioff]

Jim, you look at this incredible company, Pandora, you probably know them out of Copenhagen, Denmark. They are this incredible jeweler. You go into these shopping centers, you'll see the Pandora stores. Well, not only do they run their sales on Salesforce and their service on Salesforce, they even use our new point of sales, point of sales on Salesforce. And in addition to that, Jim, they have not only a human sales force in all these stores and online, but an agentic sales force and an agentic service force. So they have put this theory into action. They become more successful than ever by teaming up humans and agents. And that's what we can do. We can spawn agents that make you more productive. To service your customers, to sell to your customers and to work with your employee is to make them, well, a whole new level of success.

[Jim Cramer]

Okay, now let's. Let's talk about the stock itself, which, you know, I care passion about. My travel source owns it. I think that the decision to an accelerated share repurchase for 25 billion which is now done and 25 billion in the market shows me, you know what people, if you don't know what all the good things are that we're doing, we'll just buy the stock back. And then when you realize it, you'll end up being you'll pay 300, you'll pay 400. Am I too bullish in thinking that that's ultimately the issue? Because there is a disconnect, Mark, between everything you told me, whether it be Asian forces. I was going to say rename the company agent Force. And then we got the new slack. I don't know if I want that to happen, but what you're telling me is too big for $186.67,

[Marc Benioff]

which I don't know how to do this, and I say this every time on your, your show for, you know, for, well, more than a decade or maybe two decades.

[Jim Cramer]

That two decades.

[Marc Benioff]

I don't know how to value the stock market, but I do know when our stock is just too darn cheap. And that's why we bought back 11% of our company. I wanted to buy a quarterback. Everyone knows that. They saw us line up for $50 billion. I wanted to buy the whole thing back. I just think this is an exciting moment, you know, for software. Software is going to have more value for companies than ever before, not less. We can offer and do more for companies, not less. And that is what I'm excited about. And I could never sell agents before, and now I can. You know, I'm still selling apps. Our companies are still filled with huge numbers of humans who need apps to work. Humans to use Slack, human to use our sales cloud, our service cloud, tableau, all of our applications, but also now agents that are making those humans better and augmenting them and that and elevating them. And that's what's exciting to me.

[Jim Cramer]

You have enough engineers to keep building.

[Marc Benioff]

At Salesforce, we have about 15,000 salespeople and about 15,000 engineers. And those engineers are way more powerful than ever before because all of them can use these new coding models. So they have the ability to not only manually code, but they can spawn agents that code as well. Turns out agents are very good at coding because coding is not like when I was, you know, coding in 1984 on an assembly language at Apple. You know, it's now very much a language motion. And you're able to speak to these coding systems well, so can these agents. And so they're able to code in addition and in partnership with our engineers. So more productive engineers, more productive salespeople, a more productive sales force. I think that's why we just hit those record numbers, Jim. And we want to do that for all of our customers.

[Jim Cramer]

I hear you. And I believe, I believe. I think the market has to believe maybe this is what it takes, that everybody's on slack for them to realize maybe it's worth owning the company that makes slack. How about that?

[Marc Benioff]

I'm going to work on building the best software I can and having the highest level of customer success possible. And I'm going to turn over the stock market to you.

[Jim Cramer]

All right, why don't you do that? I'll take care of it very much. And I can't wait to see out in San Francisco. Say hello to everybody.

[Marc Benioff]

Great to see you.

[Jim Cramer]

Mark Benioff, co founder, chair, CEO of Salesforce. More fired up than I've ever seen him. Thank you, Mark.

[Show Announcer]

Coming up, looking for a play in the energy sector. Kramer sitting down with the CEO of a small natural gas producer. That could be for you next.

[Jim Cramer]

Even when the war in Iran runs its course, the events of the past few weeks will have a lasting impact on the global energy industry in particular. Look, I think Iran's De facto control of the Strait of Hormuz means the United States will end up playing a much larger role in the liquefied natural gas export market. We have tons of this stuff and we're building new export capacity. Something is becoming more enticing to our trading partners with the disruption the Gulf. Which brings me to bkb. Now this, a relatively small natural gas producer that's gotten to some adjacent businesses like power production and carbon capture utilization and storage. Since coming public just about 18 months ago, BKV has rallied roughly 58%. So can it keep climbing? Let's take a closer look under the Hood with Chris Cowen. He's the CEO of BKB Corporation by now, but you're counting. Welcome to Mad Money.

[Chris Cowen]

Hey, Jim. Very glad to be here.

[Jim Cramer]

I'm so glad you're here. Look, we've not had you on the show and I thought that your model is so novel. Although we've been begging natural gas companies to do exactly what you're doing for about a decade. Why don't you share with people how you are different from the traditional E and P company that we've all seen?

[Chris Cowen]

Yeah, Jim, we combine an integrated business model in a closed loop fashion. I call it closed loop because we take gas from the wells right down the pipe to the power plants. We can combust it there and then we can neutralize the carbon footprint with carbon capture. That's an end to end business model that wins because we can create more margin along that value chain than our competitors set. And it's really taken off in this AI data center boom right now as well as with the situation in the Gulf that you mentioned.

[Jim Cramer]

Now you are in Texas, you are near. People say, well, wait a second, does he have any do the hyperscalers will influence truth? You do. You've got a relationship with Metta. Now Metta obviously sees the value of your closed loop system. Others probably are going to follow.

[Chris Cowen]

Absolutely. I mean, this model is really becoming the go to process. When you think about, you know, 12 months ago, hyperscalers were not talking about gas as the solution for their energy needs. Now if you look at what they're saying, they're all saying gas plus carbon capture is the answer. Nuclear is too far out. And where do you have, you know, more gas that's available and you can build quickly? Well, Texas is the spot.

[Jim Cramer]

Yeah. I think we were begging Kotara to say, would you please sit down with one of these hyperscalers and make it happen. I've also seen Caterpillar with thousands of engines Go to where? Natural gases. But the easiest thing would be to contract with you.

[Chris Cowen]

Absolutely. Like, we have an operational 1.5 gigawatts today. We're producing electricity today. We have nearly a bcf of gas, gross gas in Texas. We're injecting CO2. We have the whole business model operational, and it's all in Texas right now. So if you're building a data center, you know, this is a company where people can come and see the whole thing come together in one package. It's incredibly powerful. I'll tell you, I'm more excited than I've ever been about where this market's going and where we're positioned in it.

[Jim Cramer]

Well, what happened to the Barnett Shield? When we first started the show, it was where everybody was, and then people decided to go west. But there turned out to be plenty of natural gas in Barnett. Maybe they moved too soon.

[Chris Cowen]

Absolutely right. So you're. You're exactly right. The people left the Barnett, they pulled the Capitol out. There were more sexy plays, you know, Haynesville, Marcellus, but they evolved the technology. And so all we did is take all that learnings from the Barnett, from. Sorry, from the Marcellus, from the Haynesville, and reverse apply them to the Barnett. And we've been able to just show so much more productivity. Our capital efficiency just keeps getting better because we're just reverse applying the technology. There's 200ft of pay in the Barnett. It's a big, big play.

[Jim Cramer]

Well, I'm also glad you're doing the carbon capture. I'll tell you why. Because when I speak with the CEOs of these companies offline, they say, listen, Jim, I know you love natural gas, but, you know, I mean, what? Natural gas has to get a little bit more forward. They can't be flaring now. They don't flare at all anymore. So I know what that's talking about. But they really did want carbon capture. And you are forward enough to think, look, it doesn't really matter who is president. Maybe carbon capture is a good idea.

[Chris Cowen]

You're right. And you know what? It works. The economics on carbon capture, it's been around for 40 years. This isn't something new. And what we've done is we've said, look, what do the customers want? They want their natural gas. They want it cheap, they want it abundant, they want it from the US and they don't want to feel bad about the environment, at least some customers. And so I always say, you go to the grocery store, there's organic bananas and there's regular Bananas. Some people are buying the organic bananas. They're twice as expensive. We're selling organic gas. I mean, quotes around organic, but that's what it is. And the carbon capture allows us to do that mathematically.

[Jim Cramer]

Now, Chris, do you think that the country got a real wake up call and recognize.

[Nikesh Arora]

Nice.

[Jim Cramer]

You know what, our, our paying more at the pump. We don't seem that integrated at all. But they see that natural gas did not go up. Do you think people recognize maybe for once what we've got in this country?

[Chris Cowen]

I hope so. And I, you know what, I would say it's starting to dawn on folks, because what you saw for the first time, and I'm seeing it more and more now as people say, okay, well talk to me about this natural gas thing. And it's not just us consumers. We're seeing an influx of international consumers. International investors start to come to the US and say, if I'm not going to get my energy from the Middle East, I've got to be the U.S. what are the opportunities here? So we're really seeing this in the last six weeks. Just paradigm shift that's happening. So I'm with you. This is a wake up call that's really happening. I think it's going to continue over

[Jim Cramer]

the next several months that you're really, your, your, your MO is going to become the industry's MO because they just keep waiting for some hyperscaler to come. They're playing in 19, they're playing the game from 1990, 2000. They are still playing that game. You are not playing that game.

[Chris Cowen]

Well, I'll let you say that. But what we're trying to do is go to where the puck's going. I would say we're trying to skate. Where's the puck going in this thing? Right? Where are folks going to go if you need a gigawatt of energy? A gigawatt in two or three or four years? There's only one way to get that. It's not turning on more wind, it's not turning on more solar, and it's certainly not building a nuclear plant. It's putting up a combined cycle natural gas plant. We've got 1.2 gigawatts on order and we already are producing 1.5 gigawatts. And we believe this is the way the market's going to go. And then you got to have the option to decarbonize it for the guys who are sensitive about the carbon footprints. So we've got that whole package in existence today.

[Jim Cramer]

Well, look, I'M so glad you came on the show. I've heard a lot about you. You're obviously the real deal. It's very exciting to me because this is what we need. You've got proof in the country that we've got something that is not connected to the other places. So we're insulated. This is where our continent is. Indeed. We're sequestered and we're fine. And I want to thank guys like you for making that happen. That's Chris Cowden. He's the CEO of Assymbo bkv. Remember that. This is a good one. Thank you, Chris. Thanks for coming on. Thank you, Jim. Everybody's back after the break.

[Show Announcer]

Coming up, you've got questions. Kramer's got the answers. Get charged up for a fast fire lightning round. Next.

[Jim Cramer]

It is time to cover the wide round playground accordingly in the thumbs down. Bye bye Seltzer. Seltzer's good news. Come on. Stanford grabbed itself and then the lightning round is over. Are you ready, ski dads? Have a light round Christmas bullet. Let's start with J in Arizona. J. Mr. Kramer, thanks for taking my call in. Booyah from Sunny. Booyah to you, my friend. Booyah to you. What's up? Well, my bracket's not busted. I may have some extra mag money, thanks to the Arizona Wildcats. What are your thoughts on Westlake Chemical? The sector seems hot. Well, I think the sector seems hot. But if the war is over, I think that stock is such a sale. As good a company as it is, it's got a parabolic move. I think you should take profits. Take profits tomorrow. I don't like what that chart looks like. Let's go to Scott in Wisconsin. Scott. Hello, Jim. Hey, Scott. What's up? Why has the price why has the price of gold been falling for the past three weeks? I assume that with all the conflict and troubles going on in the world that gold should be going up. I own Barrick Mines. Why is gold going down? Gold has been a mind of its own. It trades with speculators. We had a vehicle, Eagle 1, which is the gold stock you want to buy. And the CEO said, listen, it's just all speculative. A lot of young people flipping in and out. I don't like that. I. But I do like Agnico. Let's go to Keith, Illinois. Keith. Hey, Jimmy, chill. Thanks for all that you do. I'm a 30 year old investor. I'm below my cost basis on this one. Can I buy more Octa? Yes, you can buy more Octa. I think that one of the things that Todd McKinnon has demonstrated is consistent earnings power and I would be a buyer of Okta. And that, ladies and gentlemen, conclusion of the Lightning Round.

[Show Announcer]

The Lightning Round is sponsored by Charles Schwab. Coming up, why is the market souring on the recent deals in the food sector stocks? Kramer is not happy about it and he'll tell you why next.

[Jim Cramer]

Sometimes the group is just so hated that it doesn't matter what any of its members do. You know the stock's going lower. Tay McCormick, the Flavor Co. As they call it. The made a bold move merging with Unilever's food business, including Hellman's Mayonnaise, Coleman's Mustard, Moore Soups and what's known as a reverse Morris Trust transaction. Unilever and its shareholders will own nearly two thirds of the company going forward, but it will keep the McCormick name and its New York Stock Exchange listing. McCormick runs the show going forward. I like that management team deals should be added to McCormick's earnings in the first year. Huge cost savings, terrific synergies and the market hated it with the stock plunging 6%. Or how about yesterday when Cisco see not the CSCO kind but the sy SEO kind. That's why the very reliable food service distributor. It put Jet Row, this terrific wholesale supplier where you can pick up just tons of food and save a lot of money in the process. Everyone who's starting out in the restaurant business know Jetro. It's fantastic. You always go there. By the way, if you're in a jam and I've been in a gym many times, why would you be in a jam? Because it's an emergency, don't have the right kind of food. You got to go get shrimp, got to go get steak. Otherwise you have any larger regular food needs you Cisco. This deal is a one, two punch. If you were running Cisco and you saw that Jet Row came up for sale buy it would be a no brainer. Everyone in the restaurant game knows that these two are the only real games in town. And to put them together is like white on rice. The Jet row shareholders received 21.6 billion in cash. 91.5 million shares Cisco for this match made in heaven. And what happened? Market hated it. Cisco stocks went from 81 to 69 back up to 71. That what's going on here really? First I have to tell you that these kinds of properties don't come up often enough and you'd be nuts not to buy them if you're another major company that needs scale and heft and touch. Points with consumers as these companies do. But cornbread gets a food service business. It can immediately add Hellman's and Coleman's mustard compared to buy them. With their spices and seasonings and hot sauce, they'll be able to entirely dominate some miles in the supermarket. They need to buy it even if it were just for the helmets. Just for the best. As for Cisco, the Jetro acquisition, super first. I trust Cisco will clean them up. I'm not crazy about the dark and dank portions of the jet shows that I've been to. Second, Jetro is a natural feeder to Cisco, as I know from my own endeavors in the restaurant business. But what these superb deals tell you is that this business is changing. When I think of aisle dominance, for example, that's just the baby boomer me talking. So many people get their groceries delivered these days. Maybe they don't even know about McCormick spice aisle or Frank's, the hot sauce or Cholula, the dominant Mexican sauce. But do you really think that McCormick won't run the Unilever food business better than you believe it? Unilever is like P and G doesn't want food, it doesn't fit. They don't care afterthought for them. Even though in good company won't be an afterthought law for Brendan Foley from McCormick. Both McCormick and Cisco used to be considered growth companies. Now their value plays in a market where no one wants value. McCormick trades at 16 times earnings, 3.81% yield. Stock just doesn't entice. Same goes for Cisco, 3% yield 15 times earnings. Today was a big day for the market. Wow. A huge number of stocks rallied. Food stocks? No, they used to be considered safety names. I guess this is safety last kind of market. I would not give up on these two. They are well run and consequential. But I understand that no one has time to wait for deals to close for food and food related stocks. I give me this Six months from now, let's look at where McCormick and Cisco stocks are and then I think we'll see that these two deals are incredibly additive and the current stocks that we see right now are going to deserve to be much higher. I like to say. As always Marcus, I promise I find it just for you right here made money. I'm Julia Kramer. See you tomorrow.

[Podcast Disclaimer]

All opinions expressed by Jim Cramer on this podcast are solely Kramer's opinions and do not reflect the opinions of CNBC or its 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 Kramer 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 and it should not be relied upon as such. To view the full Mad Money disclaimer, please visit cnbc.com madmoneydisclaimer Snoring gasping during sleep?

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[Jim Cramer]

Com.

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