Mad Money w/ Jim Cramer 3/5/25

Summary

Mad Money w/ Jim Cramer – Episode Summary (3/5/25)

Release Date: March 6, 2025

Overview

In this episode of Mad Money, host Jim Cramer delves deep into the intricacies of the stock market, offering his expert analysis on various companies affected by current economic and political climates. Cramer discusses the impact of presidential policies on specific sectors, evaluates undervalued stocks, and engages with callers to provide personalized investment advice. Additionally, he interviews key CEOs from leading companies to gain insider perspectives on their business strategies and market positions.

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Market Landscape and Stock Valuations

Jim Cramer's Market Insights

Jim Cramer opens the episode by critiquing the recent market volatility, attributing it to the unpredictable actions and statements of the President. He emphasizes that the market currently categorizes companies into two groups: those targeted by presidential policies and those clear of such scrutiny.

“There are now two kinds of companies right now. The companies that are in the crosshairs of the President, sell, sell, sell. And the companies that are in the clear.”
— Jim Cramer [00:48]

Automotive Sector: Ford and General Motors

Cramer highlights Ford and General Motors (GM) as some of the most undervalued stocks in the market, citing their low price-to-earnings (P/E) ratios compared to the S&P 500 average. He warns that ongoing tariff policies could transform these companies from bargains into value traps.

“Ford and GM could be ridiculous value traps. While the President thinks these tariffs are a great way to create jobs in America, they're going to put our automakers at a severe disadvantage.”
— Jim Cramer [04:10]

BlackRock and Intel

Discussing BlackRock, Cramer praises CEO Larry Fink's strategic acquisitions in infrastructure, positioning BlackRock as a promising investment despite current underperformance.

“I think BlackRock stock is worth much more than it's selling for. We're buying for the trust.”
— Jim Cramer [06:20]

Regarding Intel, Cramer expresses skepticism about the company's future earnings amidst leadership changes and uncertain government support.

“I think BlackRock stock is worth much more than it's selling for. We're buying for the trust. But then there's Intel… I think the stock's way too expensive here at $20 and change after last night's speech.”
— Jim Cramer [07:27]

Retail Sector: Foot Locker and Others

Cramer reviews Foot Locker's improved performance under CEO Mary Dillon, noting the positive impact of collaborative strategies with brands like Nike. Despite these advancements, he points out the market's failure to appropriately value these developments.

“This morning, Foot Locker reported a terrific quarter… But the Stock only gained $0.89 because things are being valued incorrectly.”
— Jim Cramer [07:52]

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Featured Interviews and Company Spotlights

Carrier Global: Secular Growth Amidst Tariffs

Interview with Dave Gitlin, Chairman and CEO of Carrier Global

Cramer engages in an in-depth discussion with Dave Gitlin about Carrier Global's robust growth driven by secular trends in HVAC technology and strategic partnerships.

Key Points:

• Secular Trends: Increased global demand for cooling due to rising temperatures and urbanization.

  “There's more demand for cooling for data centers… more demand on the grid.”
  — Chris Cox [15:22]

• Strategic Partnerships: Collaboration with Google Cloud to optimize energy usage in data centers, positioning Carrier as a leader in sustainable HVAC solutions.

  “They're looking for clean energy for their data centers… a phenomenal partnership.”
  — Chris Cox [15:59]

• Market Positioning: Carrier's late entry into the data center HVAC market has turned into a strength, with significant growth in orders and partnerships.

  “This year 2x next year it's going to continue to grow given our order backlog.”
  — Chris Cox [16:53]

• Tariffs Management: Carrier employs a three-pronged strategy—adjusting pricing, collaborating with suppliers, and cost-cutting measures—to mitigate tariff impacts.

  “We'll hit this head on as we have every other one.”
  — Chris Cox [20:09]

Cramer's conclusion underscores Carrier Global as a prime investment opportunity due to its strategic resilience and growth prospects.

“This stock is on sale right now and you should buy it.”
— Jim Cramer [21:58]

Hasbro: Embracing IP and Diversification

Interview with Dave Gitlin, CEO of Hasbro

Cramer converses with Hasbro’s CEO Dave Gitlin, exploring the company's shift towards intellectual property (IP) and diversified business lines to drive growth.

Key Points:

• Strategic Focus: Refocusing on play and partnerships across three main business lines: Games, IP, and Toys.

  “Playing to win is our new strategy. It refocuses the company on play and partnership.”
  — Dave Gitlin [23:55]

• Licensing Success: Significant growth in the licensing division, partnering with major franchises to expand Hasbro’s market reach.

  “Our licensing business is up 60%. We're the number one licensor in digital entertainment.”
  — Dave Gitlin [24:42]

• Product Diversification: Launching collaborative products like Magic the Gathering with popular franchises, ensuring sustained revenue streams.

  “Magic the Gathering is a real success story… it should be a heck of a year for Magic.”
  — Dave Gitlin [26:52]

• Operational Efficiency: Streamlining operations by divesting underperforming segments, such as the E1 film and TV business, to focus on profitable areas.

  “Our content budgets are down 95%, but our branded content is up 15%.”
  — Dave Gitlin [28:22]

Jim Cramer lauds Hasbro’s strategic maneuvers, highlighting its resilience against market disruptions like tariffs.

“I want to congratulate you, Chris Cox, because you have done a remarkable job with Hasbro.”
— Jim Cramer [29:56]

CrowdStrike: Navigating Cybersecurity Challenges

Interview with George Kurtz, Founder and CEO of CrowdStrike

Cramer delves into CrowdStrike’s performance and future prospects with CEO George Kurtz, addressing recent earnings and cybersecurity trends.

Key Points:

• Financial Performance: Despite a recent earnings beat, softer guidance caused a stock dip. Kurtz explains the customer commitment packages designed to boost long-term growth.

  “We have visibility into the back half of the year where we'll see that acceleration.”
  — George Kurtz [32:26]

• Demand Drivers: Rising geopolitical tensions and cyber threats increase demand for advanced cybersecurity solutions.

  “Whenever there's geopolitical tensions… security is going to be even more important.”
  — George Kurtz [35:16]

• Technological Advancements: CrowdStrike is at the forefront of addressing emerging threats, such as agentic AI vulnerabilities.

  “There's going to be a whole wave of new security technologies… including CrowdStrike.”
  — George Kurtz [37:33]

• Future Outlook: Optimistic about the second half of the year, Kurtz emphasizes continued product innovation and customer acquisition.

  “I'm encouraged… we feel really good about the backlog.”
  — George Kurtz [38:22]

Cramer's endorsement reinforces CrowdStrike's potential as a strong investment amid cybersecurity imperatives.

“Mr. Kurtz… this is the right version of what's happening.”
— Jim Cramer [38:58]

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Caller Interactions and Lightning Round Highlights

Throughout the episode, Cramer engages with several callers, addressing their investment concerns and providing tailored advice. Notable interactions include:

• Joe from Indiana (08:52): Cramer reaffirms his bullish stance on GE Vernova and GE Aerospace, suggesting their potential for significant returns.

  “I'm high on GE Vernova. I'm high on GE Aerospace… we own that for the trust.”
  — Jim Cramer [09:00]

• Nick from Connecticut (09:17): Responds to a question on Palantir, cautioning against speculative trading influenced by meme stock behavior.

  “What a blast. The manipulation is incredible… in the new regime, it's just called solid buying.”
  — Jim Cramer [09:29]

• Sam from Pennsylvania (39:49): Advises against investing in Albemarle due to concerns over the electric vehicle (EV) market's cyclical nature.

  “I can't go with it. We forgot about EVs… staying away from that one.”
  — Jim Cramer [40:08]

• Tom from Michigan (40:30): Encourages patience and confidence in holding RTX stock, praising its long-term potential.

  “Keep it. It's a fantastic stock.”
  — Jim Cramer [41:08]

• Michael from Pennsylvania (41:30): Provides insights on a payment processor stock, acknowledging the crowded market but maintaining a cautious outlook.

  “It's a tough space.”
  — Jim Cramer [41:52]

Lightning Round Summary

In the lightning round, Cramer offers rapid-fire recommendations, emphasizing the importance of discerning investment opportunities amidst market noise. He highlights companies like Dogtopia, Royal Caribbean, and Enbridge as undervalued stocks poised for growth, countering prevalent market pessimism.

“Don't give up on stocks, just hold off on the ones that are truly in the crosshairs.”
— Jim Cramer [46:00]

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Key Takeaways and Investment Strategies

Identifying Hidden Opportunities

Cramer urges investors to look beyond market hysteria and focus on companies with strong fundamentals and strategic advantages. He underscores that despite political uncertainties, numerous stocks remain undervalued and offer substantial growth potential.

Strategic Diversification

Highlighting the importance of diversification, Cramer showcases companies like Hasbro and CrowdStrike, which have successfully adapted their business models to navigate economic challenges and capitalize on emerging trends.

Long-Term Vision

Cramer emphasizes maintaining a long-term investment perspective, advocating for holding stocks with solid growth prospects and avoiding short-term speculative pitfalls.

“You need to pay attention to everything and everyone if you want to make some money in this exceedingly tricky market.”
— Jim Cramer [45:20]

Conclusion

Jim Cramer's comprehensive analysis in this episode of Mad Money provides investors with valuable insights into navigating a volatile market. By spotlighting undervalued stocks, engaging with real-time investor queries, and interviewing industry leaders, Cramer equips listeners with the knowledge to make informed investment decisions amid economic and political upheavals.

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Notable Quotes with Timestamps

• “There are now two kinds of companies right now. The companies that are in the crosshairs of the President, sell, sell, sell. And the companies that are in the clear.”
  — Jim Cramer [00:48]

• “Ford and GM could be ridiculous value traps.”
  — Jim Cramer [04:10]

• “I'm high on GE Vernova. I'm high on GE Aerospace…”
  — Jim Cramer [09:00]

• “Playing to win is our new strategy.”
  — Dave Gitlin [23:55]

• “We have more recurring revenues, we have secular tailwinds.”
  — Dave Gitlin [19:31]

• “We bought stock today for the trust… I could hear that which chilled me.”
  — Jim Cramer [33:51]

• “Security is going to be even more important.”
  — George Kurtz [35:16]

• “This stock is on sale right now and you should buy it.”
  — Jim Cramer [21:58]

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Final Note

For those seeking to make informed investment choices, staying abreast of expert analyses like Jim Cramer's insights can be invaluable. This episode of Mad Money underscores the significance of strategic selection and long-term vision in building a resilient investment portfolio.

Transcript

[Jim Cramer]

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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. Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer. Other people make friends. I'm just trying to make you a little money. My job is not just to entertain, but also to educate. So call me 1-800-713- CNBC. Tweet me. Jim Craver Sometimes sometimes the stock market's so brilliant that you just have to accept the judgments. Other times it's dumb as a bag of hammers. At this moment, the market's alleged reasoning powers are are totally impaired and we're getting this bizarre gyrating action like we had today. Dow gained 486 points, S&P jumped 1.12% and the Nasdaq shot up 1.46%. That was easy. It was totally the opposite of the last two days. But nothing really happened. We just revalued the same stocks in a different light and it's truly maddening. Before I give you examples of some of the markets clairvoyance and it's lunacy, understand that there are now two kinds of companies right now. The companies that are in the crosshairs of the President, sell, sell, sell. And the companies that are in the clear. Now normally when I'm looking at a stock, I think about its price, its earnings, its revenues, its gross margins, and the mode it has versus the competition. That's a good starting point. If I have a excellent feel safe for all these easily available online, I then consider whether I should crack open the file, which means reading the most recent conference calls, going over their website, of course, checking out a bunch of analyst notes. If I like those two, then I try to judge the valuation of the stock price. Now that's often when I pass on a stock, either because it's too expensive or maybe it's just suspiciously cheap. Now, though, I start with a simple question. Can President Trump hurt the stock? Can he damage it with an offhanded comment? Can he crush it in anger? And most important, does the price turning multiple make sense in this new world in light of the President's love of tariffs and total hostility to the way this country's been run in the past, not to mention many of our country's friends? Now, with that in mind, let's tackle first the market's brilliant clairvoyance. And I've been perplexed by the fact that Ford and General Motors are some of the lowest price earnings ratios in our stock market. 7.2%.3 and 4.3 times earnings, respectively. 1.3. Remember, the average stock of the S&P 500 trades at roughly 22 times earnings. Ford and GM look like the single greatest bargains in the world. Ford pays a 6%, 6.2% year. General Motors, that's one of the most voracious buybacks I've ever seen. Both seem incredibly cheap, at least until this tariff stuff started. So you have to remember that the orders were a huge reason why we first instituted NAFTA and why Trump renegotiated NAFTA in his first term, creating the usmca. One of the most important reasons for this trade agreement was to save our auto companies from oblivion. Without nafta, auto companies couldn't compete against the flood of imports from Japan and South Korea, which only have a 2.5% tariff on the tariffs President Trump slapped on American companies that import product from Mexico or Canada 10 times that. When we signed NAFTA in the 90s, it made tons of sense to try to bring as much manufacturing as possible we can, and especially Mexico. At last, our manufacturers could compete on an even ground with East Asia. But now Trump wants to take away the exception that made US Cars competitive and affordable. The automakers just got a one month reprieve on the tariffs caused the market to go crazy today. But if they only end up paying these tariffs or relocating to the United States, replacing cheap Mexican labor to get expensive union labor, well, their earnings, let's hope they're only cut in half. Aha. Suddenly we know why those stocks look so cheap is because their future earnings are in grave danger. Turns out Ford and GM could be ridiculous value traps. While the President thinks these tariffs are a great way to create jobs in America, they're going to put our automakers at a severe disadvantage to Nissan, Toyota, Mazda, Subaru and Honda, along with Kia and Hyundai. A 25% tariff on imports from Mexico is basically a subsidy for those companies. Look out for big earnings cuts that will make the P multiples go from seem very small to very large, making the stock's true colors come to life. Now, how about one that makes no sense to me on the upside, we own blackrock for the Chapel Trust. Oh, it's been a complete. It's been trying to crack into infrastructure and really done anything. Well, wait a second. CEO Larry Fink had a brilliant idea. Trump wants the Panama Canal back. You know there are ports on either side and they're owned by a Hong Kong based company that were for sale and well, Think wanted them. The company CK Hutchinson wanted to sell these two and 41 others want to buy them. Put them in through that new infrastructure portfolio that Think bought. Others had the same idea, but Think got those properties and now he is the premier infrastructure product in the world. To go with his recent purchase of global infrastructure partners. Could be an amazing return both for BlackRock and its investors. Fink kept Trump up the whole way. Trump obviously loved the deal. Doesn't hurt that he praised the Panama Canal last night. These BlackRock shares, what they do well, they're still down 5% for the year and way below where the company traded after its last good quarter. It's ridiculous. I think BlackRock stock is worth much more than it's selling for. We're buying for the trust. But then there's Intel. This company may have been the single biggest winner from the previous administration's CHIPS act, which was meant to stimulate more domestic semiconductor manufacturing. Intel was awarded a grant of $7.86 billion to expand in the United States under their old CEO Pat Gels. Here he's gone but. But the expansion plan he set up is still on, albeit in a way. Now we can't tell how much of the grant will actually go to intel, except that it's already took in 1.1 billion last year, another 1.1 billion this year. Even if it hits all of its benchmarks though, a big if. I wonder if the rest of the money will still be there. We can't tell if Intel's going to get any more money from the government, but the company needs it badly. Intel has 46 billion in long term borrowings. We keep hearing that there's a lot of interest from buyers for a stake and they're more about Altera division. I'll believe when I see it. But honestly, it's Shocking that Intel stock isn't down even more here. It fell only 52 cents. That after that speech last night. Given that so many of the expansion plans seem still boring. President's mad as hell and not going to take the Biden chip back anymore. Intel desperately needs to break bread with the President. Maybe Trump will help get them a partner to see them through this. Without good news on the intel front, I think the stock's way too expensive here at $20 and change after last night's speech. Just being valued wrong. Talk about being in the crosshairs. Intel's now ground zero for the end of government largesse, especially after Taiwan SEMI committed 100 billion to build semiconductor foundries here in America. And that brings a total of 165 because they made a previous commitment. Who the heck needs Intel? I don't know where it fits in the President's plans other than be a poster child for President Trump's in view of President Biden's legacy. Of course, these days we see all sorts of wholesale revisions and no one knows how to value them either. This morning, Footlock reported a terrific quarter, much better than expected as CEO Mary Dillon's turnaround plan takes hold, aided by Nike's attempts to repair its relationship with actual shoe stores. Nobody care too much on weight under the previous year, Nike didn't really care for Foot Locker. They wanted more of an emphasis on direct to consumer. It was stupid. That didn't work out. But Elliot Hill, the new CEO, is working very closely with Foot Locker. So is on holding. So is Deckers, the owner of Uggs and and Hoka. So is Adidas. It's a new footlong. Asics likes it New Balance, but people are way too gloomy to even note the same store sales improvement this morning. That's nonsense. I think it's a genuine winner. I go on. And yes, despite all these positives, the Stock only gained $0.89 because things are being valued incorrectly. Here's the bottom line. This market is fiercely trying to revalue stocks because of the President's comments. And we do it day after day after day because he's always making so much news. So it's been doing a poor job and that's created a ton of opportunities for you to both buy and sell. And I say you take them right away. Joe in Indiana. Joe, hi Jim.

[Caller]

Thanks to you and your crew. They're the greatest. And thanks for everything you have done for me. Are you still high on GE Vernova?

[Jim Cramer]

Yes, I am. I'm high on GE Vernova I'm high on GE Aerospace and if that dog GE Healthcare would stop giving up the gains that it has, we own that for the trust. I'd be higher on that one too. I want to go to Nick and Connecticut, please. Nick. Booyah. Jim. Nice to meet you, Nick. Thank you. All right.

[Caller]

My, my question is on Palantir. So it's seen a lot of growth. Came down a bit. There's other players like scale AI coming.

[Dave Gitlin]

Into the defense spend.

[Caller]

What's the play here?

[Jim Cramer]

All right, Palantir, don't get in front of that single the short side. The, the meme guys are pushing it up every day. They push it up in the morning. They usually start around 3:30. I get up earlier than they do. So I watch them do it and it's just, it blossoms each day. What a blast. The manipulation is incredible. But you know what? In the new regime, it's just called solid buying. Let's go to Myra in Texas, please.

[Caller]

Myra, a simple thank you for taking my call.

[Jim Cramer]

Of course, Myra. Thank you for calling.

[Caller]

I've listened to the conference call and like their cost management strategies. Also competitor USPS could need drastic changes to become, well, I guess solve it. Can the stock of UPS go higher?

[Jim Cramer]

I think that I question their strategy and I certainly, I do not question the strategy of another stock that's down a lot, which is Fed X. That's the one I'd be buying. And that's Raj Subramanian is doing a remarkable job. FDX stocks up today. I think it's the beginning of a big move UPS challenge. All right, so far the market's been doing a pretty poor job of revaluating stocks every time there's a new Trump headline. You know what the good news though? It's creating a ton of buying opportunities that you must take and of course sell. Sell some selling opportunities too many times. Could data centers drive growth for H Vac players like Carrier? I got the CEO to hear the stock is conditioned for a comeback. Then where does Hasbro stand amid the latest tariff talks? I'll reveal my conversation with Tom Mac is top credit that stocks on fire. And later, crowdstri posted some softer than expected guidance with Last Hunt Report. But should the stock stay down, how long should it be in the doghouse? Let's get to the bottom of it with the CEO. And you should stay with Kramer.

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[Jim Cramer]

Right? Here's the thing. I'm getting tired of any stock remotely connected. The data center build out has been hammered. That includes the heating, ventilation, air conditioning place to prevent these warehouses full of servers from overheating. Take Carrier Global, which has been a huge winner in five years since it was spun off by the old United technologies. Fortunately stopped at 83 and change in mid October. It's now pulled back to just around 65. Attractive now. Some of that's because the latest corporate quarters have been less than ideal, some is from datacenter worries and the latest round of weakness comes down to tariff years and I think not really people understanding the story we're going to change that sells for less than 22 times this year's estimates. That could be a steal. Don't take it from me. Let's check in with Dave Gitlin, who's been a total winner is the chairman CEO of carrier. Go get a better sense of the situation. Welcome back to Buddy.

[Chris Cox]

Thank you, Jim. Thanks for having me.

[Jim Cramer]

Okay, so Dave, since I've seen you asking the set, you have made so many moves that I really want to reintroduce the new carrier because in many ways it's vastly superior to the old carrier.

[Chris Cox]

Yeah, we're so excited about the new carrier because I think we have the perfect combination of focus where a pure play H Vac refrigeration company, but we also have balance. So we're not oversubscribed to any one vertical, any one geography. So we're tied to three key secular trends that are going to drive growth for sustainable periods to come.

[Jim Cramer]

So let's go over those because I think that people are confused right now because when you talk about secular growth, there's a lot of people who think that there are things that are cyclical that aren't. And then there's other people say that they heard an enraged president that just seems to be up against anything that has remote spending involved, the government even, especially if it has climate. So why don't you put those in perspective?

[Chris Cox]

Yeah, I would say the first big secular trend is there's more demand for cooling. There's three and a half billion people in the world, only live in the hottest parts of the world that only have 15% of them have air conditioning. So there's more demand for cooling. More demand for cooling for data centers. As you, as you just mentioned then, you have a shift to electricity. So 20% of the energy consumption today is electric. It's going to 50%. So we're seeing more electric heat pumps, more electric cooling. And the third is more demand on the grid. And we have solutions that alleviate that demand on the grid.

[Jim Cramer]

All right, well, let's talk about one. This team up with Google Cloud that I think is so interesting that people should focus on.

[Chris Cox]

It's tremendous because if you look at the demand on the grid, what the utilities are really solving for is peak. 20 to 75% of the demand on peak comes from H vac systems. What we've developed is an integrated heat pump battery so you can run the heat pump off the battery during peak hours. What Google is looking for is a win win. We can use their intelligence to help us optimize our solution. But they're also looking for clean energy for their data centers that they're building. So in a phenomenal partnership that we announced with Google this morning. They're a great customer and a great partner.

[Jim Cramer]

Let's talk about data centers now. In your conference call you made it very clear that you were late, but you said you've come in like gangbusters. Now I want to know how much business there is because I'm looking at an ABI research piece says Vertiv and Johnson Controls take the lead in API's research. Thermal management providers for data centers. Competitive ranking. There are others in the field. Do you have to price cut to get business?

[Chris Cox]

No, we're actually doing well pricing wise, but I would say we were a little bit late. But we've come in super hot.

[Jim Cramer]

Okay.

[Chris Cox]

Last year about $500 million. This year about a billion. We continue to grow. This year 2x next year it's going to continue to grow given our order backlog. So it's propelling great growth for us. We have unique offerings in data centers, great relationships with the hyperscalers and now with the colos as well.

[Jim Cramer]

Okay, now are you convinced that the build, build out is for real and will last for a long time? Because you know, as I said in my introduction, people are getting really, let's say suspicious.

[Chris Cox]

100% it's real. You look at the hyperscaler spending 250 billion on capex last year on datacenters, 330 billion this year. We're very well positioned, great wins. We've been getting outside share on an orders basis. So we feel really good about the backlog. Not only for 25, 26, we're taking orders for 27 and 28.

[Jim Cramer]

Okay. Now you did the basement acquisition when we actually announced, basically on my show. Yes, I thought it was brilliant. But then I came up against what I found even in my own little business in Italy is that these countries, they were subsidizing, subsidizing and suddenly they tell us they run out of money midstream. What's been your experience in terms of subsidies from Europe and, and Europe's really coming back with a vengeance. Would they do spend more money again?

[Chris Cox]

Yeah, we're very encouraged by some of the trends we're seeing now very recently in Germany, you know, with the recent election with Chancellor Mears, this two party coalition like that looks like it's going to be formed. We see a conservative government that's going to lower taxes, increase spending in infrastructure in Germany. So we're seeing early trends of stability and we believe that you will see this continued shift, shift from boilers for home to electric heat pumps when that Happens we mix up 3 to 4x. That will undoubtedly continue. And because we are now combined with the best company in Europe, Weissmann Climate Solutions, we're well positioned.

[Jim Cramer]

Okay, so your H Vac Europe numbers from your page 12 of your deck, you say it's going to be plus low single digits, but you do seems to be that residential week, but commercial gangbusters.

[Chris Cox]

Commercial is great. You know, our commercial H Vac globally has been up double digits four years in a row. It's been very strong in Europe. Will be up another double digits again this year. You know, in the residential business in Europe, we have said flattish this year we're hoping it's conservative and does a little bit better. But commercial H Vac, especially as they're decommissioning boiler rooms, moving to commercial heat pumps, that plays right to our strength.

[Jim Cramer]

I want to say that for the first time in my career, but you're a long career. We really are in a secular growth for H Vac that had been very cyclical. I mean, companies were always trying to get rid of their H Vac because they want to want to become more secular. That's no longer the case.

[Chris Cox]

100%. We have more recurring revenues, we have secular tailwinds, more cooling, more electric cooling, more demand on the grid. That plays to our strengths. So we are now in a secular growth phase.

[Jim Cramer]

All right, we got to talk about Mexico, Dave. We know that the tariffs are coming from Mexico. We also know Mexico is an emerging growth country left out of the dialogue entirely. The ware's hot. So I mean that both must be good customers. But also we've got, we have some tariff exposure.

[Chris Cox]

We do for sure. I would say when you look at tariffs all around the world, we feel pretty well balanced when it comes to China, Canada, raw materials, Europe, Mexico is the one that we certainly need to watch.

[Jim Cramer]

Right.

[Chris Cox]

But we look, we'll do the same exact playbook we did with COVID we did with supply chain. We take a very measured approach. We hit these things head on. We have a three pronged strategy with tariffs. Number one is pricing. Number two is work with our suppliers because we do need to. We can't be the ones holding the bag entirely. And then number three is if that's not enough, we may need to take cost out somewhere else in the system. But we'll be very judicious and very measured and we will hit this head on as we have every other one.

[Jim Cramer]

I hope everyone listens to you. The CEO should listen to you. What you just said is the common sense way that for companies to deal with this instead of the Astoria. Let's get away from the hysteria. One last thing, Steve Tusom, one of my favorite analysts in the whole world, upgrade your stock today. Some of us damn in the faint braise because the stock had come down. But in general to see this business, which is much better than the business when I first met you to have the this price does seem a little absurd. I know you're not supposed to comment on your price but you got to admit with that balance sheet you have balance sheet you have, you can buy if it's okay, a huge amount of stock and make a lot of money for that.

[Chris Cox]

The company we are, I mean look, we're between the second half of last year and this year we're buying $5 billion worth of shares back. Our debt leverage ratios down to 2 low. We're now integrating, we're investing in growth. So we feel really good about our portfolio. We feel great about the team. We feel great about secular trends. We feel great about growth.

[Jim Cramer]

Well, I am so glad you came one. I agree with you and if I followed your company, you know, really very closely and this is the most exciting time that I can recall and I now feel emboldened on the thing I was most worried about which we covered. So the tariffs moving past it. That's Dave Gillen. He's the chairman and CEO of Carrier Global. This stock is on sale right now and you should buy it. Money's back in, right?

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[Jim Cramer]

This is such a crazy environment that all sorts of companies with great numbers have some up and lost in a shuffle. Take Hasbro, the iconic toy and game company. You probably know you play doh Nerf, Dungeons and Dragons among many others. A couple of weeks ago Hasbro reported A terrific quarter higher than expected revenue, paired with a pretty sizable earnings beat and a strong full year forecast for 2025. In response, the stock shot up nearly 13% in a single day, jumping from 61 to 69. But thanks to the insanely volatile action due to the seasonal pull back to 63, you're practically getting that amazing quarter for free. So could this be a buying opportunity? Yesterday I got a chance to sit down with Chris Cox. He's the CEO of Hasbro. He was in town for the annual toy fair event in New York City. I want you to take a look. Welcome back to Mad Money, Jim.

[Dave Gitlin]

Thanks for having me.

[Jim Cramer]

Well, I've got to take. The momentum your business has is extraordinary and I think it's fair to say that you are playing to win. Tell us what that means.

[Dave Gitlin]

Playing to win is our new strategy. It's refocuses the company on play and partnership. Two things I think we're best in class on and focuses on three business lines. Games, which is our high growth profit driver. Ip, which is really about licensing and entertainment and outsourcing that up 60% in the last three years. And toys, which is a diversification play and a first handshake with tens of millions of kids every year.

[Jim Cramer]

I think that you were known as a toy company. I know it was questioned what you were on the Copper Score school. I think you're one of the greatest IP companies in the world. They're also having to sell toys.

[Dave Gitlin]

I think that's a fair. I think that's a fair approximation of what we are. Yeah.

[Jim Cramer]

Now, I do want you to talk about what licensing means because licensing turns out to be this fabulous asset like business. And you've got since bishop potato in 52 to license.

[Dave Gitlin]

Yep, yep, yep. So our licensing business is up 60%. It's basically a pure profit business for us. We're the number one licensor in digital entertainment. We're the number three in the overall entertainment industry. And it's a great way for us to scale our business. We've got over a thousand licensed partners, 4,000 plus collaborations, and we have over $4 billion of committed capital from our licensing partners to build out our brands in theme parks, Blockbuster movies, TV shows, video games, you name it.

[Jim Cramer]

See, I think there was a time when people would say, oh my, they must really be hurting from the tariffs and sourcing. The model you just outlined is almost as if you anticipated these kinds of things because this is really somewhat, if not all immune to what we've been talking about on TV today.

[Dave Gitlin]

Definitely I think it gives us a lot of diversification. Our games business basically is not exposed to tariffs, and certainly as we digitize, it's not exposed. Our licensing business has some exposure, but most of that is is fairly predictable minimum guarantees. Our toy business does have exposure to tariffs, but we produce in over eight countries around the world and we have a fair amount of flexibility and agility to be able to push things where we need it to.

[Jim Cramer]

It seems to me that far more important might be your Fantasy cards, this casual of what you've got, because you have a great line of sight to what you're up to for the rest of the year.

[Dave Gitlin]

Oh, yeah. Magic the Gathering is a real success story for the company. When I started back in 2016, it was about $350 million per year. Now it's going to be more like 1.1 to $1.2 billion again at 42, 43% operating profit. So pretty good. And we have a new collaboration that we call Universes beyond, where basically Magic is the only trading card game in the industry that opens up its play platform to great outside licenses. We started with Lord of the Rings a couple years ago. This year we're going to have Final Fantasy, we're going to have Spider man, and we're going to have Avatar the Last Airbender. So it should be a heck of a year for Magic.

[Jim Cramer]

I think you do well for your partners because they seem to be lining up to be able to do business this way.

[Dave Gitlin]

Oh, indeed. Yeah. That's why we have a thousand plus.

[Jim Cramer]

Now, there's something else I had always said, you know, they'll come an age where people don't want to play Monopoly. So they do a couple of special monopolies, whatever. Come in age with Nerf, whatever. But I like this, this joint venture. But aging up is something that I never thought I'd see a toy company do. Hence why I was saying. Ip, tell me about the process of aging up.

[Dave Gitlin]

Well, I think it's where the growth has been in toys over the last decade and will be for the next several decades. You know, Hasbro is unique, I think, amongst toy companies and that over 60% of our revenue is from consumers. 13 plus we have brands like board games like Monopoly, Magic, the Gathering, D and D collection, collectibles like Star wars and Marvel and Transformers that appeal to broad age ranges. So really, when we think about our kids business, it's really about a first handshake that lasts a lifetime from 2 to 102.

[Jim Cramer]

Sure does. Now we're looking at Something I would have thought was a little antithetical. I always felt that it was a Claymation deathmatch, so to speak, using clay between you two, between Mattel and you, I guess anything can happen in this toy industry, huh?

[Dave Gitlin]

Oh, for sure. I mean, I think we think about toys and we think about our brands as let's partner with the best in the business, let's expand categories and with companies that we don't really do a lot in. And likewise, let's open up categories that we're world class and like with Plato to best in class partners like Barbie. And, you know, we thought up of Plato Bar, Plato Fashion as a great new play experience. And I think we turbocharged it with an iconic play brand like Barbie.

[Jim Cramer]

Oh, totally. Now, I want people to understand you. You came in and you decided to CEO. No sacred cows. If something is losing a lot of money, you can't play to win and do that. Hence a change in your TV approach.

[Dave Gitlin]

Yeah, yeah. So in 2020, we acquired E1, which was a film and TV business and a theatrical distribution business. That acquisition wasn't penciling out. We weren't getting the scale we wanted. We weren't getting the branded content we needed. And so we made the difficult decision to part ways with it. And it's worked out really well for us. You know, year over year, our content budgets are down 95%, but our overall amount of branded content and Production is up 15%. So that's a good deal to me.

[Jim Cramer]

That's the way to do it. Now, one last question. My family loves Monopoly. Should we get Monopoly? Go.

[Dave Gitlin]

Well, you all can have it on your cell phones and you all can play with each other. But what I would recommend for you guys, it's Monopoly's 90th anniversary this year, and we have new expansion packs like Buy Everything or Go to Jail. It speeds up the gameplay to 20 to 30 minutes and creates all new combinations for you guys to have a little bit of fun. Kramer family competition and maybe a board flip at the end.

[Jim Cramer]

Well, I have to tell you that that has been my reputation. I have board flipped, but always because the other people had a company. Yeah, Think of that.

[Dave Gitlin]

I. I agree.

[Jim Cramer]

Well, I want to congratulate you, Chris Cox, because you have done a remarkable job with Hasbro. And it's quite exciting to see the change because everybody wants you to win. Yeah.

[Dave Gitlin]

Playing to win. That's what it's all about. Thank you.

[Jim Cramer]

That's Chris Cox, CEO of Hasbro. Man, Bunny's back here for the break. Okay, what the heck happened to the stock of CrowdStrike today? It's the best of breed cybersecurity out for the sort of stock plunge over 6%. One point was down 8% in response to last night's earnings report. Okay. CrowdStrike delivered a nice top and bottom line beat. They also gave softer than expected earnings guidance for both the current quarter and the full year. Now we're talking about a big hit versus what Wall street was looking for. Got to be sure if that's the case though. Plus the stock had run up 94% from its August lows last night. So you could argue is priced for perfection. No wonder. Pull back 6%. So is this a chance to buy a great company on the cheap or do we need to be worried about that forecast? Let's take a closer look with George Kurtz, he's the founder of CrowdStrike, to find out what the heck is going on. Mr. Kurtz, welcome back to Man Money.

[George Kurtz]

Great to be here, Jim.

[Jim Cramer]

Okay, so George, first I'm congratulating you because I'll tell you why you turned in a record full year operating income, net income, and reached $1 billion in free cash flow for the first time in a fiscal year. This tells me that your business is darn healthy. How are you able to turn a record year despite the bumps along the way, including one that we know that was a glitch that really hurt the company?

[George Kurtz]

Well, Jim, as we talked about, we spent a lot of time with our customers around the world making sure that they were taken care of and it paid off. Part of our approach was our customer commitment packages where we actually worked with impacted customers and showed them our commitment to them. And what it turned out was they actually bought more as we delivered these packages. And that also showed up in our flex licensing. This is one of the things that you and I spent some time on. The ability to take a flex deal, which is a new licensing model, and upsize what would have been a much smaller deal, you know, by orders of magnitudes, has resulted in fantastic results for the quarter and the year despite a lot of challenging headwinds. And if you look at what we delivered this quarter, $32 million air beat over consensus given still, the challenges that we had to go through, I think was fantastic.

[Jim Cramer]

In the conference call, the consumer commitment package that you're dropping because why give us some way what suggested to people that things are still not good, that some of these contracts are going to go away. You just basically told me that it's actually, it's Very good. And yet the analysts, many of them didn't buy it. George?

[George Kurtz]

Yeah, well, I think what's important to realize is that the customer commitment packages were designed to burn off at the back half of the year. So what that means is we could seed the platform modules with our customers now knowing that those dollars that we're giving them, essentially we're giving them dollars in a pool that they can use for modules will essentially be used by the time we get to the back half of the year. And that's why we're confident in the re acceleration of net new ARR. So from our standpoint, we're able to see great products and we know they're extremely sticky and customers are going to most likely 95% or more chance they're going to renew, which I think is a good thing.

[Jim Cramer]

I want to make it clear where I come out on this because this question is going to make you think that I am not positive. We bought stock today for the trust. Why do we do that? Because we think there's going to be accelerated second half, my view tended to be what I would say viewed with skepticism by the call. So I'm going to read George a summary of what I thought. A lot of the analysts who didn't take to the stock said analysts saying near term free cash flow uncertainty, huge, huge slowing in ar wor worse than expected operating income got a guidance that was much lower than what people expected. Expected. I these are the bill of particulars, George, that I read through that which that chilled me. That chilled me. And yet even one there wasn't a single one of those questions that wasn't pared correctly. I want you to parry them here.

[George Kurtz]

Well, let's start at the top line again. We had a big beat in net new air are when we talk about the growth for next year. We're still 20% growth overall at scale and we're still dealing with some of the, you know, the headwinds in the first part of the year. You look at our free cash flow guidance, you know we're exiting the year at 27%. We haven't changed our long term models of 10 billion. So when you put all those together and you look at the health of the business, one of the metrics, Jim, that we gave out for the first time is our total contract value, 6 billion in a year, which is phenomenal at a 40% growth rate. What does that mean? It means that the flex licensing is working and we have visibility into the back half of the year where we'll See that acceleration, by the way, look at some of the new products, the newer products in the category, the three that we talk about, identity, cloud and next gen, up 50% to 1.3 billion. So that's what gives me confidence in the back half of the year.

[Jim Cramer]

Now let's talk about demand. There are a lot of people who didn't want to call and I'm sorry to reference the call so much, but it was very. I didn't like the way the call went. It just didn't seem right to me. We've got nation state threats that should have been, I think, the focus of the call. I want to know how in danger we are, how in danger companies are, and how ridiculous it is to think that maybe if we even have some sort of peace pocket with Russia, believe me, that's not going to stop things.

[George Kurtz]

Jim, here's what you have to keep in mind. Whenever there's geopolitical tensions, and I would argue there's a lot of them right now, this actually drives more activity in the threat environment adversaries get more active, nation state adversaries get more active, and certainly in the confusion of that, you have the E criminals that come out. So the environment is only going to get worse. We talked about this in our annual threat report. Some of the breakout times that we're seeing are 51 seconds, meaning someone gets on a system and in 51 seconds they can break out and move somewhere else in your network. We haven't seen that speed in the past. So I think it's only going to get worse from a threat perspective. And when we look at where we are today, it means that security is going to be even more important, particularly to governments around the world. And crowdstrike can be a big beneficiary of that.

[Jim Cramer]

Okay, so let's say North Korean agent. I decide, you know what, I'm going to pose as a bad guy. I mean, it's like the Manchurian Candidate. Can I get in? Can I just, you know, with a. With remote work, can I get in, borrow in, find out everything I need and steal everything?

[George Kurtz]

Absolutely. This is something that we talked about. We actually found this out and wrote a paper about this really before anyone was talking about it. And that was the North Koreans were actually applying for jobs at companies. You know, you interview them all the time around the globe and basically getting their operatives hired as remote workers. And in this remote work environment, sometimes they never show up to work. They people don't see them on zoom and as soon as you ship them a laptop they turn around and they ship it to a laptop farm where it's then controlled by operatives in North Korea. We identified this using our AI technology called Signal well over a year ago. And we went out to many customers and we said, we think there's a problem that you've hired a North Korean. And you know what? We were right. And our customers remembered that. And CEO after CEO that I meet thanked me, had one thank me over the weekend for being able to do that. The only company that was able to do that for them.

[Jim Cramer]

All right, well, George, to me it seems like another problem that I'm really worried about. Everyone's so excited about Agentix. They're all excited about these agents. They think that it's all great. I think they're easy to crack. I think you could easily get into one of these agents. You really wreck everything. People are very glib about it. What are you doing about it, Jim?

[George Kurtz]

You have to look at where we are in this journey and where we are from. A security and technology cycle. You know, just go back in time a little bit. You had mainframes, you had PCs, you had client server, you had mobile cloud. Now you have a gentic AI, right? Each one of those, those seismic movements required new security. And there's going to be a whole wave of new security technologies coming out, some of which crouch record pioneering. And there's going to be a new wave of buying and securing everything from gathering the data to training the data to doing the inference to actually building the agentic AI agents and delivering the workflows. That's all going to have to be secured and controlled. And that will be another wave of growth for the entire security industry, including CrowdStrike.

[Jim Cramer]

Negative analysts looking at CrowdStrike now versus what it might be able to prove produce for companies a year from now.

[George Kurtz]

Well, again, coming out of the incident, you know, we talked about some of the headwinds. I think we've made tremendous progress just in six months. And we talked about the visibility as we get to the back half of the year. So I feel really good about the business. I look at the interactions I have with customers, I look at the products that they're buying, I look at the demand environment, I look at the threat environment and put all that together and I'm encouraged. I'm probably more excited than I have now ever been because the demand is there and you see a lot of these legacy technologies and a lot of companies that have been bought and sold and we're in the perfect spot to continue our march towards 10 billion.

[Jim Cramer]

Let's leave it right there. I think that that is the correct view. Obviously it's George's view. It's also my view. As we told all club members, the Travel Trust, CBC Investing Club, this is the right, right version of what's happening. That's George Curse, founder and CEO of CrowdStrike. This man has never ever been wrong when it's come on the show. That's how I feel about it. M money's back after the breaks. Thank you, George. It is time this time for the lame on Christian rapid fire call just hit this private marshals got to know the core stock question. My Stanford versus the grandfather. Plan this out and then the lightning round is over. Are you ready, Ski? Dad, Time for the lightning round. Kramer's mad money. Let's start with Sam in Pennsylvania, please. Sam.

[Caller]

Jim. How are you?

[Jim Cramer]

I'm good, Sam, how are you?

[Caller]

I'm good. You know, I've got a question about the world's largest lithium producer, Albert Marle. Specifically the fact that they have so much their production here in the United States. States. With all the tariff talks, here's what you think about a cyclical recovery in commodities. Specifically Albert Marley, United States.

[Jim Cramer]

I can't go with it. I can't go. I'll tell you why I can't go. It because in the end we. We forgot about EVs. I mean, like, you know, we like. Pretty soon we're gonna be like buying gas guzzlers. I want to stay away from that one, but so does everybody else. That's the only problem. Let's go to Tom in Michigan. Tom Kramer. Tom, Tom, Tom.

[Caller]

Call from Centerville, the center of Amish country where I listen to you every morning, every night, religiously. When you're not there on the weekends, you're just not having a good day.

[Jim Cramer]

Tragic. It's tragic. I get that other people feel that that way, like my late mom. That's really about it. And that was about 45 years ago. That's the last person who's missed me. Go ahead. It's all right. It's okay.

[Caller]

So I have a really specific question on rtx. You taught me to do my homework. You taught me to buy a little at a time. But I'm really a novice at reading charts. I look at the chart, looks like a giant piece of paper.

[Jim Cramer]

You're hardly a novice. Tom is a sambant. You are buying it, right? Keep it. It's a fantastic stock. I wish I owned it for my chapel trust. I say you are dynomite. Let's go to Michael in Pennsylvania. Michael, Booyah, Professor Kramer, booyah. Thank you for tenure. What's going on?

[Caller]

A newborn recently told me about a stock that has the largest market share in hospitality, sports and entertainment and is second in restaurants. He also said they're growing faster and more profitably than any of their peers. Best yet, he said they trade at a discount compared to those junior. And I would love to hear your thoughts on the payment processor shift four.

[Jim Cramer]

Yeah, you know, people didn't like that last quarter. I agree with you. I think it's a remarkable company. It's just that the payment space is very crowded. Go ask PayPal. So what you're hoping for is that the payment space gets less crowded. I don't know if it can do that. So it's a tough space. Let's go to Rick and. Oh no, I think we may have to stop. Darn it. And I was just getting a rhythm, you know that I was just getting People, boy, they hate it when I'm doing this. They just say go to the wall, point to that and then end it. And that, ladies and gentlemen, is the conclusion of the lightning round. All right, listen to me. You need to pay attention to everything and everyone if you want to make some money in this exceedingly tricky market. Take our guests yesterday. We just so happen to have the CEOs of three companies that have a leg up on tariffs and the ensuing turmoil that controls this tape. It's not shocking, but only if you step stop with the hysteria already about what the President is doing to the stock market. Let me walk you through the particulars of this amazing choice of companies. First, let's consider Peter Jackson, CEO of Flood Entertainment supercompete FanDuel. This gambling concern has no interaction with anything the President may be up to. It's levered to a powerful secular trend that transcends the day to day headlines. Gaming. If a state happens to be hard pressed for cash, gambling can be a terrific way to close a budget gap. Remember, Flutter really doesn't want to do anything but attract gamblers and lures them by offering the most fun single game parlays. It's tremendous business model bound only by Peters and his team's bold creative imagination. Their international business great hedge, the US book. Second is Jason Liberty, CEO of Royal Caribbean. There's this ridiculous belief that if the economy is slowing, the cruise lines will suffer. Historically, that's really how it plays out. When the economy gets tough, people still want to take vacations. They just become more value conscious and Nothing's more of a bargain than a cruise. They got a lot of data to prove that. Plus Royal Caribbean no tariff exposure. Now we could maybe get a story or two about how the Trump administration might try to levy attacks on the cruise lines. They don't pay any American taxes. They're not domiciled here, they're flagged in other places. But the key metric for the industry isn't that it's about new ships. Right now, cruise ships, they're being made. We usually want to sell the stocks when there's a flood of excess supply. They can't make these boats fast enough. When they build too many ships that's when the stock become very tough down. We're at the opposite moment right now. Way too few ships. Plus let's not forget coming out of COVID we had all sorts of post pandemic bull markets. Almost all of them have faded except for travel because we've taken a page from the Shawshank Redemption. Get busy living or get busy dying. Royal Caribbean surf in that tremendous way. Finally, let's talk about the oddest idea of all. Enbridge, the diversified Canadian energy company one of the largest pipeline operations North America. I figured with all the presence of raspberry talk about Canada, no one want to hear a story about a Canadian pipeline company that transports 3 million barrels of oil across the border. Major reason why North America's energy self sufficient thanks to the trade war with Canada Enbridge. Now it Sports an outsized 6.3% yield even though it's a dividend aristocrat it's raised its power for 30 years. CEO Greg Ebel hit it out of the park last night. He said that embracing is a huge beneficiary of Trump's oil and gas deregulation that won't be hit by tariffs because they only transport oil, they don't produce it or market it to the consumer. Keep in mind the vast bulk of oil is a landlocked Canada can only send it to the United States and it has to use Enrich's pipes. Somebody needs to eat the cost of the 10% tariff on Canadian energy. But it's not going to be Enbridge. Look, it's a terrific story, especially if you're looking very good now why bother to do this? Because there's a growing perception that nothing is safe to buy here. We do have a Wal Mart White House where the President seems want every day lower prices for stocks. But flutter Royal Caribbean and Ambridge prove that to be a lie. There are so many others out there do not give up on stocks, just hold off on the ones that are truly in the crosshairs. Plus, when the White House is this unpredictable, you get positive developments too. Just look at how the averages were when Trump gave the automakers a one month reprieve on new tariffs. I can't tell you to relax. I don't do that. I can tell you to be more constructive than the people I hear screaming all over the place every single darn day. I like to say, as always, the bull market summer problem started buying just for you. Right here on Man Money. I'm Jim Cramer. See you tomorrow.

[Narrator]

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

[Jim Cramer]

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