Mad Money w/ Jim Cramer 3/7/25

Summary

Mad Money w/ Jim Cramer – Episode Summary (March 7, 2025)

Released on March 8, 2025, “Mad Money” with Jim Cramer offers an insightful deep dive into the current state of the stock market, providing listeners with actionable investment strategies and candid commentary on recent market movements. This episode is structured into several key segments, including market analysis, stock recommendations, interactions with callers, and a rapid-fire Lightning Round.

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1. Market Overview and Current Sentiment

Jim Cramer opens the show by discussing the volatility and emotional turbulence currently gripping the stock market. He emphasizes the importance of understanding one’s risk tolerance amidst unpredictable market swings.

• On Market Volatility:

  "[07:45] Jim Cramer: 'This market's way too volatile, way too fragile. You're almost guaranteed to get hurt here, at least short term.'"

Cramer highlights the conflicting forces at play, such as positive non-farm payroll reports juxtaposed with the President’s inconsistent trade policies. He attributes recent market instability to large program trades initiated by fund managers attempting to pivot rapidly from growth-oriented stocks to defensive sectors.

• On Program Trades:

  "[14:23] Jim Cramer: 'When the market's going up, everybody wants to wait for a pullback to buy stocks at a better price. But once stocks start rolling over, we get terrified and can't bring ourselves to pull the trigger.'"

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2. Stock Analysis and Recommendations

Cramer delves into specific stocks within the casual dining sector, evaluating their performance, potential, and strategic positioning amidst current economic conditions.

Brinker International (Brinker)

• Performance Insight:

  "[14:50] Jim Cramer: 'Chili's had 31% same store sales growth and the whole company earned $2.80 per share, nearly a full dollar ahead of the estimates.'"

Despite a significant pullback from its highs, Cramer remains bullish on Brinker, citing its strong value proposition and growth potential through brands like Maggiano's.

Texas Roadhouse (TXRH)

• Growth Potential:

  "[15:30] Jim Cramer: 'Texas Roadhouse is a much more mature company. They plan to open 30 restaurants this year across their three brands. There's a lot of room to expand.'"

Cramer praises Texas Roadhouse for its steady growth and aggressive stock buyback strategy, positioning it as a resilient investment in the dining sector.

Cracker Barrel (CBRL)

• Turnaround Potential:

  "[16:10] Jim Cramer: 'Cracker Barrel's full year forecast was raised by management, and recent improvements indicate a strong turnaround.'"

He acknowledges the challenges faced due to bad weather and macroeconomic uncertainties but remains optimistic about Cracker Barrel’s long-term prospects.

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3. Caller Interactions and Investment Advice

Throughout the episode, Cramer engages with callers seeking advice on various stocks, providing tailored recommendations based on individual queries.

Dow Chemicals Inquiry ([09:37])

• Caller Concern: A caller sold Dow Chemicals stock and seeks alternative investments.

• Cramer's Response:

  "[09:52] Jim Cramer: 'Dow is trading with all the other chemicals as if they are just calls on China turning around. It's a wrong thing, so don't own it right now.'"

Delta Airlines vs. United Airlines ([10:16])

• Caller Question: Considering investing in Delta Airlines amid strong travel demand.

• Cramer's Preference:

  "[10:20] Jim Cramer: 'I prefer United to Delta. United is poised for a strong summer.'"

Nike's Quality Concerns ([10:37])

• Caller Feedback: Concerns about Nike’s product quality affecting future sales.

• Cramer's Assessment:

  "[11:02] Jim Cramer: 'Elliot Hill is doing a good job now. If you own Nike, hold it. If it drops to the low 70s, consider buying more.'"

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4. In-Depth Stock Spotlights

Cramer provides comprehensive analyses of selected stocks, offering listeners nuanced perspectives on their strengths and vulnerabilities.

Pal Industries (PAL)

• Current Performance:

  "[22:04] Jim Cramer: 'Powell Industries is down more than eight bucks versus where it was trading when I first mentioned it on air.'"

• Fundamental Strengths: Emphasizes Powell’s strong fundamentals, low valuation, and focus beyond the data center play, encouraging listeners to consider it as a value buy despite recent price drops.

United Airlines

• Investment Thesis: Cramer supports buying United Airlines stock, citing its low valuation and robust travel demand.

  "[28:33] Jim Cramer: 'I am a buyer of United Airlines. If I had to pick it up, I’d buy some now and wait until it drops to about 70 before adding more.'"

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5. Lightning Round Highlights

In the high-energy Lightning Round, Cramer offers rapid-fire buy, sell, or hold recommendations on various stocks brought up by listeners.

Key Recommendations:

• Dogtopia: Recommended as a recession-resistant pet industry franchise.

• Costco: Suggested buying more shares post-earnings.

• Seagate Technology (STX): Advised against investing despite its low PE ratio, favoring broader storage companies like Broadcom instead.

• Notable Quote:

  "[43:24] Jim Cramer: 'Seagate is very cheap, but cheap for a reason. If you want storage, go with Broadcom instead.'"

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6. Final Market Insights and Takeaways

As the episode concludes, Cramer reflects on the broader market dynamics influenced by large-scale program trades. He underscores the importance of maintaining a diversified portfolio and being prepared to act swiftly during market anomalies.

• On Program Trade Impact:

  "[43:55] Jim Cramer: 'These clowns who executed the program will never be out of it. Boy, did they ever screw up.'"

• Investment Strategy: Encourages listeners to have a ready list of stocks to buy or sell in emergencies, leveraging market corrections to their advantage.

  "[14:23] Jim Cramer: 'If you can handle pain, then I'm giving you my blessing to buy stocks. But you got to do it slowly.'"

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Conclusion

This episode of “Mad Money” with Jim Cramer serves as a crucial guide for investors navigating a highly volatile and emotion-driven market. Cramer’s expert analysis, combined with interactive caller segments and strategic stock recommendations, provides listeners with valuable insights to make informed investment decisions. His emphasis on understanding market psychology, maintaining diversification, and seizing opportunities during market downturns remains a consistent theme throughout the episode.

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Notable Quotes with Timestamps:

• "[07:45] Jim Cramer: 'This market's way too volatile, way too fragile. You're almost guaranteed to get hurt here, at least short term.'"

• "[14:23] Jim Cramer: 'If you can handle pain, then I'm giving you my blessing to buy stocks. But you got to do it slowly.'"

• "[28:33] Jim Cramer: 'I am a buyer of United Airlines. If I had to pick it up, I’d buy some now and wait until it drops to about 70 before adding more.'"

• "[43:24] Jim Cramer: 'Seagate is very cheap, but cheap for a reason. If you want storage, go with Broadcom instead.'"

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This summary encapsulates the key discussions, insights, and conclusions from the March 7, 2025 episode of “Mad Money” with Jim Cramer, providing a comprehensive overview for listeners seeking to enhance their investment strategies.

Transcript

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[Jim Cramer]

My mission is simple. To make you money. I'm here to level the playing field for all investors. There's always a mo market somewhere and I promise to help you find it. Mad Money starts now. Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramerica. Other people make friends. I'm just trying to make a little money. My job is not just to entertain, but to educate, to teach you. So call me at 1873 CBC. Tweet Mitch McCramer. Want you to listen to me. Breathe in, breathe out slowly like a minute. And don't take any action until you're certain that you can handle any amount of pain. If it goes against the house of pain. If you think you can cope, then use the craziness that is happening in this stock market to start a position or to put money in an index fund that mirrors the S&P 500. Because I think you'll do fine. But if you can't take the pain, don't even think about it. This market's way too volatile, way too fragile. You're almost guaranteed to get hurt here, at least short term. So if you lack the mental fortitude, you'll end up buying high and selling low before you watch the market bounce right back as it did today with the averages opening decently, then just getting hammered and then coming right back up. Dow finishing up 223points as the advancing.5.5%. And the NASDAQ after being so hideous I could barely look at it. Gaining point 7%. How can markets be so out of control? And they are. Well, because frankly we are in a very emotional market. It's a market that's torn between buyers who see terrific opportunities because the market's down and the Wal Mart White House where the President keeps trying to give you every day lower prices on stocks almost every time he talks. I wish I were kidding. This morning we got this non farm payroll report from the Labor Department and frankly it was a perfect set of figures for the bulls. Decent job growth, not a lot of inflation. That's a great setup for investors who suddenly petrified that we are going to head into recession thanks to President Trump's mercurial attitude towards implementing his own agenda. But once the market opens, we hear that the President wants to put on new tariffs. I don't know who. And that's going to happen today. Then some moronic money manager decides to sell billions of dollars worth of tech stocks and economically censored stock while taking those proceeds and simultaneously using them to buy recession proof names. That's what you saw today. The companies that make too faced uncrossable goldfish. It's a kind of colossally stupid move that distorts the entire market and misleads everyone who's watching the ticker. Not me, because I've done these trades, I've done these programs and I saw it coming. Nothing kills confidence so like the whippy nature of these trades combined with the fear of presidential pain. So you get something like fable cascade of selling that almost always marks a short term bottom. Which is why I say breathe. Because if you can, this will be a total market for you. Toto, as in turn off the oxygen. And with that little explainer, why don't we see what's lurking in our game plan for next week? First remember we are in a clubber lag market. No dispute about that. Right out LA Rocky 3 where the prediction is pain. And pain gets dispensed regularly, especially even on the weekend. Nothing stops. So we should expect to come in on Monday with a whole new set of parameters about trade policy. And that's a big reason why we're seeing such violent repositionings on Fridays. They're afraid. The accounts are afraid. Individual earnings have been de emphasized by the President's arbitrary dispensing of tariffs and of course suspending of tariffs. With each each waffle we've that we see people leaving this market because I believe the stock market is still the greatest engine of wealth creation in history. But I often feel at cross purposes with the President now, even though I'm generally pro tariff because our trading partners never play fair. But in the end, I'm a process guy. I like a planned rollout of tariffs. While Wall street never likes tariffs, what it really hates though is uncertainty. It hates that more than tariffs. In this environment, individuals feel like play. Individual stocks, they feel like play things play things of a White House that feels at war with itself. They're not playing so and you can't think of them that way or else you're going to miss some tremendous opportunities. For example, Monday Oracle is going to report and if we do it after close, I bet they're going to have some really positive things to say. Now Oracle, a very good software company, has become a great data center company, which is terrific until we learned that some Chinese outfit could create high quality AI models using very much less hardware. That's a simplistic way to put it. But let's just be honest. The stocks have never traded the same since China revealed its deep sea source of, let's just say of incredibly fast but much less expensive AI. Does it make sense that that's the case? No, it just doesn't. But it certainly hurt the valuations, the semiconductor stocks. Last night Broadcom reported an amazing quarter. Its stock industry wore it for the close. Then it got dragged down by that textile program I just mentioned for bouncing right back when it was. That ridiculous contrived program was over and it finished the day up more than 8%. But were you in there from the beginning to the end? Many people probably left in midday. This kind of action has become the norm. I expect Oracle to have almost as good a quarter as Broadcom and then do the same thing. We've got some retailers reporting on Tuesday morning. I'm keen on Dick's Sporting Goods, which is pulling away from the others in the sports category. I think they'll deliver very strong set of numbers and it jumps like a pole voter when that. When you get that kind of number. So it might be worth being in Wednesday. We get another chance to throw the market under the bus when we see the Consumer Price Index number. If the CPI runs hot, I'm sure the numbers from a stock like Oracle simply won't matter at all. Sale of V I'll tell you this. If we get a soft CPI and a soft pie on Thursday, the drumbeat of a rate cut will grow so loud, so loud it might even overshadow the pain forecast for the White House with cool inflation readings the Fed has no reason not to cut. The most important part of the week comes Wednesday after the close. And that's when Adobe reports it's got to break the spell of undeserved negativity surrounding its stock. I bet CEO Shantan Orion will deliver something that makes the stock worth owning into the print. Dollar General reports Thursday morning and this one's been all over the map lately. Near the bottom of it, I think this company and Dollar Tree have become the odd men out as Walmart has hammered prices so low that they guys can't compete. Dollar stores, they, I don't know, they seem to be at the mercy of the big suppliers, not Wal Mart. I am not a buyer of Dollar General or Dollar Tree. One stock I am a buyer of though is Costco, which reported excellent numbers last night and still got obliterated. Wait until Tuesday and then buy some. All the sellers will probably be done. It's a long standing position for my travel trust. I actually want to buy more. I haven't want to do that in a very long time. After the close and by the way, it did not miss earnings. That's just wrong. Those are people who don't know how to read Costco's report. I do. After the close we hear from Ulta Beauty and the new CEO Keisha Steelman has to explain how Ulta remains the most relevant reasonably priced cosmetics chain. Prices have to be kept down to beat all the discounters. While we're trying to get a bigger slice of the makeup pie. Cosmetics have become the biggest battleground in the entire store and Ulta's got to win them back from Amazon. Finally, Friday we get the Michigan consumer sentiment number. I didn't focus on this number much at all under President Biden because Biden was very predictable, so it was easy to make plans. Sure, Wall street hated many of Biden's policies, especially on interest, but he rarely took us by surprise. Trump surprises us every day. You see, that matters because we're a consumer driven economy, people. If optimism rules, there are some otherwise very risky stocks that are just quite simply worth buying. But if the pessimists are in charge, well then all sorts of money managers will dump their economic sense of stocks only to watch them power up once they're done. Like that moron manager did earlier today, wrecking midday's market. Again, the markets can handle any amount of negativity. What they can't handle is uncertainty. The bottom line. Look, it's one of the toughest markets I've seen in years because if your portfolio is a quarterback, you have no defenders and you're getting sacked or being from the blind side every time. And let me tell you something, all sides are not blindsides. So if you want to buy a stock, make sure not to buy it all at once. Buy slowly because the stock you purchase might be down five points by the time you get your report. Irv in Louisiana. Irv.

[Caller]

Oh, how are you, Jim?

[Jim Cramer]

How you doing, buddy?

[Caller]

Doing all right.

[Jim Cramer]

Good.

[Caller]

Anyway, my question is about Dow Chemicals. I sold some of my stock last week and I need something to invest my profits into. And I've had Dow Chemicals on my mind since December. What's your thinking on this?

[Jim Cramer]

Well, okay, so Dow is trading with all the other chemicals as if they are just calls on China turning around. It's a wrong thing, but that's, I got to tell you straight, that's what it's trading on. And therefore that means it's not a stock you should own right now and the yield might not protect you as people thought at 5 and 6% percent. Andrew in Washington. Andrew. Hey Jim.

[Caller]

Was strong travel demand. Do you think Delta Airlines could be a buy?

[Jim Cramer]

I do prefer United to Delta. The group is really under a lot of pressure right now, but I think that they're going to have a very strong summer. I would hold on. And now let's go to Sam in Pennsylvania. Sam.

[Caller]

Jim, how are you?

[Jim Cramer]

I am good, Sam, how about you? Good.

[Caller]

Though I'm calling today because I am becoming more concerned about Nike. You know, Jim, we value stocks on their future cash fl and this is exactly what I fear. Nike is hurting by putting out these low quality products. You see, as a consumer we're not going to make a repeat purchase if the types that we're buying for the same price are falling apart twice as fast. So I really need the new CEO at Nike to hear me when I say focus on the quality of the product and the engagement will come.

[Jim Cramer]

Okay, so Sam, let me tell you how I feel about it. I think that Mr. Hill is doing exactly as you say. I also think that the stock looks very expensive, but maybe they're going to have an earnings acceleration. If I own Nike, I would certainly hold it. If the stock would have dropped back even to the to the low 70s, I myself might pick some up my travel trust. So I think that Elliot Hill is making it work. I think he's doing a good job now. Okay, listen to me. If you can handle pain, then I'm giving you my blessing to buy stocks. But you got to do it slowly, slowly. Don't do it fast, you might get whipsawed here. Oh man. Money Tonight Are you getting an all you can eat buffet with the pullback in restaurant stocks? Right now I'm taking a closer look at some key names and giving you where I stand. Then you asked about a data center play and I'm answering. Don't miss my take on a wild one that never used to be wild. Pal Industries and after a choppy week for the markets, I'm helping you to stay steady in all stocks with a round of App. So I want you to stay with Kramer.

[Bank of America Representative]

Don't miss a second of Mad Money. Follow imkramer on X. Have a question? Tweet Kramer Madmentions. Send Jim an email to madmoneynbc.com or give us a call at 1-800-743-CNBC. Missed something? Head to madmoney.cnbc.com the $150 billion pet industry is booming as people absolutely love their dogs. If you're looking for a solid investment, Dogtopia is the name to know. With 300 locations across North America, it's the largest, leading and fastest growing pet franchise offering a recurring revenue membership model. Dogtopia offers safe, open play, dog daycare, boarding and spa services. Want a recession resistant franchise? Check out Dogtopia because every dog and dog parent deserve it. Go to dogtopia.com to learn more. Every day, thousands of Comcast engineers and technologists create connectivity solutions that change the way we work, live and play. Like Kunle, a Comcast engineer who is focused on revolutionizing the in home WI Fi experience today and for the next generation. Kunle builds powerful Xfinity WI FI devices that deliver a fast, reliable connection with capacity to connect hundreds of high bandwidth devices at once and next level latency for the applications of the future like augmented and virtual reality and cloud gaming. Learn [e-mail] wi fi how will you shape the future of industrials with confidence? Whether you need to define your strategy, optimize your supply chain or keep pace with data driven manufacturing, EY professionals understand industrials and the sectors they supply, bringing the insights that deliver real outcomes. With a full spectrum of services, EY helps strengthen your business from factory floor to product development and beyond so when the global market shifts, your business is agile enough to adapt. EY Shape the future with confidence.

[Jim Cramer]

When the market's going up, everybody wants to wait for a pullback to buy stocks at a better price. But but once stocks start rolling over, we get terrified and we can't bring ourselves to pull the trigger. Lately, we've experienced a wholesale liquidation. I think there's some great buying opportunities out there. Just need to know how to find them. That's why tonight I want to walk you through some of my favorite casual dining stocks because we've had many of their CEOs on the show giving us real insight into the business. Take Brinker, the parent company of Chili's Imagino's. We had CEO Kevin Hockman on the show at the end of January, right after Brinker reported one of the best quarters I've ever seen. Chili's had 31% same store sales growth and the whole company earned $2.80 per share, nearly a full dollar ahead of the estimates. In response, the stock shot up more than 16% in a single day. And then it kept running all the way from 154 to 192 in early February. Since then, though, Brinkers pulled back hard 141, down substantially from where it was trading before the quarter. So how the heck does the stock collapse like this in a little over a month? After reporting spectacular quarter now some of its pure profit at the peak, Brinker was up mind boggling 315% over the previous 12 months. Now some of its valuation, some of the company, some of that companies keep talking about how they had softer traffic in early February. That was bad weather. Some of its tariff worries weighing on consumer sentiment. Given the scale decline here, we got to ask, is Bricker worth buying into weakness? Now look, I've been a fan of this one for ages. I think the basic story hasn't changed at all. Breaker has been able to put up great numbers because it offers customers an incredible value proposition. At Chili's, you get an appetizer, endless chili, endless chips and salsa, endless soft drinks and a burger, all for $10.99. Need to wash it down? Well, try a $6 margarita a month. This month it's lemon drop. And by the way, they use top shelf. They use top shelf to healing this. This strategy has clearly been resonating with customers across all income levels. Chili's may be the only place where you can see your average family and five Eating next to someone wearing Brioni. Now, how do I know that I'm the guy wearing the Brioni. Plus, when I spoke to CEO Kevin Hockman at the end of January, he was adamant that the last quarter was no flu. He explained that his team has been doing a great job of increasing the cultural relevance of Chili's Excellent ad placement. A lot of tick tock. That's not even factoring in Maggiano's, which seems to be kind of an afterthought for investors. But not for Kevin Hockman. The typical Maggian's location does this extend outstanding $10 million in average unit volume. And even though it only has 50 locations, that means it's got a ton of room to expand. Plus BreakerStock is a heck of a lot cheaper than it was four or five weeks ago. Next up is Texas Roadhouse TXRH stock I like so much we decided to buy some for the Chapel Trust. Two weeks ago these guys reported what I thought was a darn good quarter with better than expected same store sales up 7.7% alongside a healthy earnings beat. Sure not as crazy as the results from Bricker. Absolutely. But Texas Roadhouse is a much more mature company. Just happens to be a real steady operator with a lot of room to grow. Also unlike Bricker, Texas Roadhouse has held up surprisingly well with the stock down only a few bucks from early February. Even as it's it had a tough week and a tough day at one point it was down six and a half bucks today. That said, I like this one for the same reason I like Bricker. Texas Roadhouse offers what I call relative value. It may be a steakhouse, but It's a bargain versus the competition. Where else can you get an eight ounce steak with two sides for $9.99 on Wild West Wednesdays? $5 margaritas and of course the fresh rolls with cinnamon butter. Oh my God. They come on the table. It just I can't stop eating when I go to this place. When we spoke to CEO Jerry Morgan just two weeks ago, he acknowledged that while the beginning of February was a bit choppy, recent trends were encouraging. Record Valentine's Day plus Texas White House recently opened up their 750th system wide location. They plan to open 30 restaurants this year across their three brands. There's a lot of room to expand. It doesn't hurt that the company's buying back stock hand over fist. Last year they repurchased $80 million worth of shares and they just announced a new $500 million buyback authorization alongside the latest quarter. Even though the stock hasn't been hit hard somewhat, it's been hit somewhat hard. It's still down nearly 30 points from its November highs. I think it's proven winner that can return to those levels. Which is why we've been buying for the Chopped Trust and we want to buy a heck of a lot more. Next up is Cracker Barrel. No, I'm really interested in this is stock that's fallen drastically over the past few weeks. But that's not without reason either. With management blaming not just the weather but also macroeconomic uncertainty is the reason for some of the challenges in early February. That's suboptimal. So what's there like about it then? How about the stellar set of numbers that the company just reported yesterday morning with much better than expected same store sales growth. Macro uncertainty already baked in a Cracker Barrel's full year forecast at this point, which they raised by the way. Well, management admitted that February got off to a challenging start. They said the last two weeks have seen meaningful improvement. I like that. Not too surprised when you remember the Cracker Barrel also represents a stellar value proposition like the other two. Breakfast starting at 799 every day a week. By the way, even with the eggs, they've kept the price low. Dining offer. There's an 899 dining issue, but got to be in that loyalty club if you really want the bargains. Trust me, I pay much more for their country fried steak with sawmill gravy. Now Cracker Bar is still very much a work in progress, something its CEO Julie Macino is quite candid about. On the conference call she explained that this year is still an investment year before quote financial results will significantly improve by the second half of fiscal 2026 and further accelerate into fiscal 2027. End quote. No wonder the stock's been hard hit, down more than 33% from its highs the end of January despite yesterday's 7% gain. Now we had Julie on the show and I point blank asked her if we can count on Cracker Barrel to be a refuge from all the craziness when you go to the stores, not to stop. She explained how the last two weeks have gone, mentioning that early February was only so bad because the weather was truly awful. They had to shut down some locations in Louisiana because it was snowing for heaven's sake. Come on. It's not a common occurrence at this point. The stocks almost pulled back to where it was trading when I started recommending it last summer. A U turn. I think Cracker Barrel is a buy. Remember though, this is a turnaround story which makes it a lot more risky than either Brinker or Texas Roadhouse. But the bottom line, when you look at these three casual dining place, their stocks are down big from their highs. I think they're absolutely worth buying even if the economy is truly headed for nasty slowdown. These chains offer the consumer great value and that's exactly what the consumer consumer wants at this moment. They have Money's back after the break.

[Bank of America Representative]

Coming up, Is the downturn in Powell Industries a sign of the times or a warning sign for underlying weakness? Kramer's eyeing the recent moves in the stock next.

[Jim Cramer]

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[Bank of America Representative]

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[Jim Cramer]

Last Thursday we got a call from Don in Tennessee who wanted to know what the heck was happening with PAL Industries. It's one of the industrials I recommended last August, in part because it had transformed itself into more of a data center play. Now here's the stock that rallied 113% from when I pounded on the table last summer, though it right through its highs in mid November. But since then it's given back all of its gains and then some. Buy, sell, sell, sell. In fact, the stock's now down more than eight bucks versus where versus where it was trading when I first mentioned on air. What a turn of fate. When Don asked me about it last week, he couldn't figure out the decline. Powell's got strong fundamentals, a low valuation, positive analyst coverage and strong earnings coverage. So why on earth has the stock become such a dog? So I promise to do some homework and get back to him. If you remember, Power Industries is an old line industrial that makes its custom engineered equipment to control electricity. Now in the old days, the customer mainly oil and gas companies, but they had a great niche there. But lately they've become a supplier of choice for any business that needs mission critical electrical infrastructure. And of course that very much includes the data center where all the AI action takes place. And that's really the crux of the story. Powell put up incredible gains when the data center was hot. Now it's racking up big losses because nobody wants anything connected to the business at the moment. And yet the actual business has been good. It's the stock that's going crazy. See, Powell Industries reported 2/4 November and February that were poorly received, but both seem pretty decent to me. Not perfect, but good enough. They had healthy backlog, excellent earnings. Now some of the forward looking metrics looked solid in this most recent quarter to new orders were $269 million, which is up slightly for the previous quarter. They should have been up significantly though. And Powell's backlog held firm of 1.3 billion. I would have liked to see much bigger, but it's been that same level for the past few quarters. Now this is important because it shows you that these guys aren't just feasting on their old backlog, but it's not growing. They're bringing in plenty of new business too, and that will turn into the revenue in the future. But again, not enough new business. I'm just telling you how it is right now. On the latest conference call, CEO Brett Cope said that the company saw broad strength in its order, supported by an award from a large liquefied natural gas project. Overall, he said, the company's finding success in the industrial, utility and commercial markets sounds pretty good right now. If you only judge power industries by the fundamentals, it's very hard to figure out why the stocks become such a dog. Sure, their sales and earnings growth has slowed from last year's insanely high levels, but that's just the law of large numbers at work. This is still an industrial company with mid 20s revenue growth and mid 40s earnings growth. Ordinarily that would make for a pretty darn attractive story. But this is not an ordinary moment people. It's been really interesting to watch Powell stocks since the calendar flipped to 2025. It actually went on a huge run in mid January, cloud climbing quickly from around $230 to nearly $330 in a blistering six day rally at one point. That was right after SoftBank, Oracle and OpenAI announced their $500 billion Stargate AI data center investment project at the White House. Like I said, when the data center was hot, this thing was unstoppable however, you live by the data center sword, you die by the data center sword. That January rally was followed almost immediately by sickening 16% decline on January 27th. You know that that day is now known as on Wall street at least as Deep Seek Monday when the AI data center stocks just collapsed after the release of a broaderly low cost Chinese model that seemed to perform just as well as the US competition while using far less hardware. Since then, Powell stock has become the house of pay. Of course Powell's not a loner. Everything connected with the data center theme as I said at the top of the show has been taking the wood chip including the old line industrial plays that look like they had made it last like last year. I think this is now overdone but many think that the build out was overdone and we are now past our due date if we own these stocks. Same goes for the other datacenter build out derivatives like the heating, ventilation, air conditioning place that sell cooling equipment to keep these warehouses full of servers from overheating. Hey, you know this week we had Carrier Global on the show. What a great company. That stock's down 19% from its October highs. Vertif, which sells more specialized climate control equipment specifically for data centers has fallen a pal like 45% from its highs in late January. It's now important to own industrials that have no exposure to the data center. Basically even old line industrials like PAL Industries have become speculative data center stocks as they caught fire last year. They're speculative. Hear that? They were trading on the prospects of this theme even as they still had great fundamentals away from the theme. Once that theme got called into question by Deep seeking, many of your fellow shareholders decided after the hills doesn't matter. By the way, Deep six initial numbers appear to have been extremely misleading. Doesn't even matter. The tech titans have announced huge capital expenditure budgets for 2025. They haven't really reined in their data center spending at all. But in the end stocks like Power industries were propelled higher by momentum traders who liked them simply because they were going higher. Once the data center story got called in the question these people sold en masse and crushed the share price. Now they're sitting on the sidelines and they've still, let's say trying to wait for some clarity. Look, look at Nvidia reported generally good quarter last last week. Yet the stock just keeps getting pulverized. It had still one more terrible week that just ended, thank heavens. Now when you take a closer look at Power industries, I Think this one's got a lot going for it. I see it only as a broken stock, not a broken company. After its recent sell off, the darn things trades at less than 12 times this year's earnings estimate. These levels I believe you got to hold your nose and buy. I'm not alone. On Wednesday, analysts at the boutique research firm Roth Capital Partners, one of the few firms to cover the stock, published a bullish note after meeting with management. As they see it, business is strong and the stocks ridiculously cheap. So to Don in Tennessee, I simply have to say that there doesn't seem to be much wrong with Powell Industries at all. Aside from the fact that it's a data center play in a market that can't make up its mind about the group. The stock's been gutted like every AI derivative name, and it is one of the worst performers in the market. But the bottom line. I believe in this business. So I urge you to have some conviction and fight the trend. While it might feel scary to step in front of all the selling and power industries and the other datacenter plays, I think this is a case where you can use the widespread sense of panic to pick up shares in a high quality industrial on the cheap. Nevertheless, if the negative drumbeat about the data center keeps up, you may have to own it for some time until people realize that this company is much more than a data center play. So after all the momentum players are washed out, it can finally mount a significant rally. Rich in Texas Rich.

[Caller]

Hey Jim, thanks for taking my call. I'm just got to wonder, have people completely given up on fundamentals? With expanding profits and revenues and increased demand and a P of 7 and a Ford P of 5, how are we not buying United Airlines to $140?

[Jim Cramer]

Look, I am a buyer. I am a buyer of United Airlines. I know it's down 15%, but it became again a momentum stock. I think you're right. I think it's cheap. The travel thesis is strong. If I had to pick up United Airlines, I'd buy some here, then wait till about 70 and buy the rest. That's what I've been doing for the travel Trust when I see stocks just like this. How about we go to Kyle in Illinois?

[Caller]

Kyle, thanks for having me on the show, brother. I will keep it quick for you.

[Jim Cramer]

Sure.

[Caller]

Beacon Roofing Supply There's a lot of chatter obviously right now. What are your.

[Jim Cramer]

You're going to get a bid. It's going to take. They're going to have to accept. I believe they will have to accept the offer from. From Brad. They have. From Ruben. I'm sorry, they have to accept the offer. These. The hostile takeover that we're seeing right now. And if they don't do it, I think they're going to regret it because this, this the takeover is at a higher price. It's QXO that is doing the buying. And I think you ought to buy this stock and take advantage of what I think is going to be a high bid price. All right, there's wise but fear right now around the data center thesis. But if you believe in it like I do, then I think you could buy it. But you got to put it away because you got to get all the momentum, all these momentum players washed out of the stock. And that hasn't happened yet. What's where I made money at? Including a round of my favorite game, Am I diversified? Then today's tape went up and down and around. But there's a simple explanation for the moves. I'm explaining the technical trades behind the buys and sells and how you can prepare for future scenarios like this one. And of course, audio calls Rapid fire. Tonight's edition of the Lighting Round. So stay with Kramer Markets all over the place right now, but I always say no one ever made a dime. Panicking. While the broader S P500 index just rounded out its worst week since September, certain individual stocks have actually been doing pretty well lately. However, if you are in all tech, you are in all nightmare. So you can't have all your eggs in one basket. And that's why we play in my diversified. This is where you call me. You tell me your top five holdings. I tell you if your portfolio is diverse enough, maybe you need to mix it up a little. Let's start with Dylan in New Jersey. Dylan, your first caller. What do you got for me?

[Caller]

Booyah. Jeff, thanks for taking my call.

[Jim Cramer]

Absolutely. And I'm glad you called it. How can I help?

[Caller]

So my stocks are blue out Capital, Palantir, So5 Robinhood and Nvidia. AM I diversified?

[Jim Cramer]

Catch up there. Okay, this is a really, really interesting portfolio because it's going to be undiversified because some of these stocks trade with each other because they are the equivalent of meme stocks. For instance, Robinhood, which is a good, very good broker. And Palantir and Sofi tend to trade together. We're going to have to make some changes here. We're going to sell the Palantir after that big pop. It closed four bucks off that army truck. And we're going to put in a company that's just a staple of any of any portfolio. We're going to put in Bristol Myers, okay, get some yield, get some drugs. I'll feel much better. Because you have tech. Nvidia is obviously tech. I could have thrown that away. But you got the GTC conference coming up. You got thin. You have fin again. That's why I say there's overlap. But I can't just totally do it. No, I am going to do this. Never mind. Because then Blue Owl is also financial. We can't have all these fins. We need. We need a some sort of. I want, you know what I want to put in here? I want to put in enterprise Product partners did some work on it today. It's got a good yield near top oil service pipeline. It just strikes me as something that could balance out some of these other stocks. Blue out enterprise partners, partners in. So I had to do somebody. It was like a major surgery. There was nothing I could do. I couldn't just, you know, I couldn't handle on outpatient basis. And not only that, I obviously had to use in a seizure. Let's go to James in North Carolina.

[Caller]

James, good afternoon, sir. How are you?

[Jim Cramer]

I am doing well. How about you?

[Caller]

Well, all things considered, I'm okay. The world is in the balance, but we'll see.

[Jim Cramer]

All right, so it's not this perfect. Let's go to work.

[Caller]

Sure. My five stocks are across financials, infrastructure and consumer. I got BlackRock, I got Mastech, I got Autodesk, I got Unilever. And I got local regional premium supermarket chain Ingles where I live in North Carolina, which has a tight margin sensitive to shocks that I use as a barometer. Because when things are good, it goes up. When things are bad, it goes down. And it's been trending down since December 22nd.

[Jim Cramer]

Well, you know what? I'm going to take your word for that one. We'll consider that. Put that in the supermarket category. And I want to do some work on that, by the way. It's very interesting. I like your depiction of it. Master. We got infrastructure, BlackRock Finance. This stock has been a dog for me, candidly for my chapel trust. And we buy it. Why do we buy. Because it's the best run fin with no exposure to credit. So I'm stable little. They've done this new infrastructure stuff. There's some exposure credit, but I'm okay with it. Unilever is actually not a great company. We're going to have to get rid of that. We're Going to own. We're going to put in a drug company right here. I'm stuck on Bristol Myers. Say we put Bristol Myers in there. Autodesk is a tech, so we have tech, we have a fin. We got infra, we got supermarket and well, we got a drug company because Unilever is not that well run these days. Wow, this is hard. Now you know what we do? Let's go clear across the country. Let's go to Gregory in California. Gregory.

[Caller]

Well, you just assume that I'm in California, but you'd be right. I am in California. I'm driving right up the side freeway from LA to the Bay Area. Jim, how is your Friday?

[Jim Cramer]

What, what exit are you right now?

[Caller]

Okay, being absolutely honest, I'm in Patterson, California and I just stopped at the Dutch Brothers and I have myself a Kokomo in my hand.

[Jim Cramer]

That's what I want to hear. That happened to be a place that I slept in when I was living in my car. I just want to see with you the same address. Let's go to work.

[Caller]

Jim, you inspire me to practice what I preach because I know you do. At least to the best of our ability. So I was that in mump. As I head up to the Bay Area and my brand new Tesla which is the first of my five stocks. The full self driving mode which is extraordinary. Which wouldn't exist without the chip manufacturing equipment provided by Lam Research. Timingly I have to drive an hour or more outside of LA or the Bay Area in order to get my Annihilator or this case my Kokomo.

[Jim Cramer]

This is good. And this is a good time right there to give us the stocks.

[Caller]

Dutch Brothers, let's go to work.

[Jim Cramer]

Okay, the stocks for Am I diversified.

[Caller]

Oh, Dutch Brothers.

[Jim Cramer]

Okay, go ahead. I'm ready.

[Caller]

T Mobile.

[Empower Representative]

Okay.

[Jim Cramer]

T Mobile, Bristol Mars for some hours.

[Caller]

Do I owe you one more?

[Jim Cramer]

Yeah, go ahead. I need all five. All five.

[Caller]

So T Mobile, Dutch brothers, Lam Research, Bristol Myers, Tesla.

[Jim Cramer]

Perfect. Now we really go to work. This is great. We tighten it up. It's just so great. Okay, Bristol Myers. I've been choosing it all evening. So I can. I can't tell. I can't tell now to get rid of it. Lamb Research is my absolute favorite for the semiconductor capital. Qubits, Dynamite. T Mobile. It hasn't missed the quarter in years. That Mike Siebert doing a good job? The Dutch Bros. Yeah, he just visited that stocks down 20 quick points. We want to do some buying there. And Tesla. So we've got a car tech company. Car tech Then we've got, we've got, well, let's just call it a restaurant, you know, for ease. We got telco, we have semiconductor cap equipment and we have drug. That's perfect diversification and we all. I think he drove from L. A to San Francisco at the time that that called Kirk. And therefore because of that long across California questionnaire, we're going to have to stop. But I want to thank all our callers. Their money is back.

[Bank of America Representative]

Coming up, Cramer takes your calls. And the sky's the limit. It's a fast fire lightning round next.

[Jim Cramer]

It is time. It's time for the light round cruise down and then the lightning round is over. Are you ready, Ski dag? Time for the light round. Crazy way. I'm going to start with top in Wisconsin. Tony in Wisconsin. Tony.

[Caller]

Hey Jim, a big hey there from northern Wisconsin.

[Jim Cramer]

Wow, thanks for taking my time.

[Caller]

Thanks for all the great advice over the years.

[Jim Cramer]

Thank you so much. It's been so hard lately. It really makes me feel great that you said that. Thank you. Thank you very much.

[Caller]

Well, I've been a long term investor and it takes a lot more to scare me than this.

[Jim Cramer]

I like that. That's the right attitude. That's Ken Langone's attitude. Congratulations. Let's go to work.

[Caller]

Okay. About 20 years ago I took a small position in a stock called Fiserv. Good Wisconsin based company. They've done me right for over 20 years. Wondering what you think about them moving forward.

[Jim Cramer]

I think they're one of the greatest fintechs. You know, everyone wanted to go into the really fancy new fintechs. You stick with the one that you have. You are doing really well. Thank you for the kind words. They mean a lot to me. I need to go to Bob in Illinois. Bob.

[Caller]

Hello Jim. Bob, a while ago you suggested Supra electric, utility, electric, whatever. I bought some and about a month later all of a sudden took a huge jump from like the high 80s to the like.

[Jim Cramer]

Tell you the truth, Bob, they did not do a good job. It was a bad quarter. It is very upsetting to me. I've spoken to Jeff Martin several times, the CEO, but there are several things that were definite misses. It does deserve to trade lower yields, almost 4%. I still can't tell you but we have to see another quarter because it was that jarring. I wish I didn't have to say that. But Sempra did not deliver. That's just plain and simple. I need to go to Nick in New Jersey. Nick.

[Caller]

Booyah. Jimmy cooks.

[Jim Cramer]

Yo man, what's happening, man.

[Caller]

Resigning Bond.

[Jim Cramer]

And yeah, Zach's the man I wanted to come in on the show. I really, I love that guy. Well, let's go to work.

[Caller]

Hey. Yeah, Absolutely. So this question comes to you courtesy of Gro. So, Jim Rigetti Computing RGTI has been a wild ride lately in the quantum computing space. Stock surging over 1600%.

[Jim Cramer]

Right.

[Caller]

Despite declining revenues. Do you think this is a speculative bubble?

[Jim Cramer]

It's a meme stock. It's a meme stock and therefore it's a battle between the longs and the shorts. I don't know who wins in the end, but it is a meme stock. It is not. It is not trading on the fundamentals which are frankly paltry. Let's go to Alex in Pennsylvania. Alex.

[Caller]

Jim, great to speak with you.

[Jim Cramer]

Question to you. Yeah, thanks.

[Caller]

What do you think of Recursion Pharmacy? Now that's dropped back down again. And if you had to choose between Netflix and Disney to start a position now, which would you choose?

[Jim Cramer]

Well, I'll tell you, I am, I'm reticent to put to really to pull the trigger on Recursion because when they came on, it was, it looked they had a good level and since then it's just been disastrous. We're gonna have to hold off. I got me meet them face to face and see what's going on. Let's go to Greg, Illinois. Greg.

[Caller]

Yes. How you doing, Jim?

[Jim Cramer]

I am doing well, Greg. What's happening with you?

[Caller]

Nothing exciting except some bad weather in Chicago.

[Jim Cramer]

Bad weather in Chicago. I'm going to note that over there, guys. Okay, Bad weather, That's Portillo's. We don't want to buy the stock of Portillo's then. Okay, so how can I help you though?

[Caller]

I want to find. Find out about 1Oak, see what you think of it today.

[Jim Cramer]

I have to tell you, I think One Oak may be the best run pipeline company in the country. And I think you should own it. That is no. Oh, no. Skin Enbridge is good too. Don't want to hurt people's feelings. Let's go to Jerry in Missouri. Jerry.

[Caller]

Hey, Jim. Thanks for taking my call.

[Jim Cramer]

Of course, Jerry. What's happening?

[Caller]

Jim, I know you don't like accounting irregularities, but you haven't said that about this company lately. In fact, you kind of congratulated them on not being delisted. Is it time to start building a position in Super Micro?

[Jim Cramer]

There are still remedies that are needed. Until all the remedies happen, I am not going to approve it in the meantime, that industry has become very cutthroat. Look at HPE today. If you want to know the winner in that space it's going to be Michael Dell. And I do say at this level that it would be a good idea to buy Michael Dell's company. It is so low it sells its 9 times earnings and Michael Dell is fantastic at what he does and also probably one of the most charitable people I've ever met. Let's go to Alex in Pennsylvania. Alex.

[Caller]

Hey Jim, thanks for my call.

[Jim Cramer]

I'm of course calling in about a.

[Caller]

Real estate investment trust that I've been tracking for a little over a year and a half now and I'm looking to increase my position. It's Farmland Partners Incorporated Ticker fpi.

[Jim Cramer]

Novel, novel idea. I kind of like the idea as a spec because we know that we don't have enough farmland. So I think you know what, I'm going to bless it. I'm going to felt a lot about since, since Agco which was an amazing, amazing bottom call that we got from Agco. We had them on recently. Let's go to Gary in Kansas. Gary.

[Caller]

Hey Jim. I want to say bless you for the help that you give to the individual investor like me, I've been a long time watcher and a first time caller. The stock that I want your opinion on is an under the radar tech company that meets your standard of showing recent quarter over quarter growth and is profitable. They also pay a dividend of 3% and appear to be reasonably priced with A P E of 16. The stock symbol is STX SEAGATE TECHNOLOGY.

[Jim Cramer]

All right, Seagate. Okay. Now this is a very cheap stock, but cheap for a reason. It's because the business is very cutthroat and I suggest that if you wanted to go in this business you wanted to go into storage. I am going to send you honestly to Broadcom. I'd rather see them. They got storage too. And that ladies and gentlemen is the conclusion of the lightning.

[Bank of America Representative]

The Lightning round is sponsored by Charles Schwab.

[Jim Cramer]

On days like today it's easy to miss the forest for the trees. But if you can grasp the big picture, you'll find incredible opportunities. Like I mentioned at the top of the show, the wild action you saw this morning was the result of what's known as a program trade. I think you are owed an explanation of what what that means. A fund manager who runs billions of dollars wanting to get out of the companies with exposure to tech and consumer spending and get into defensive companies without much economic sensitivity. You saw Huge swings out of software stocks, semiconductors, artificial intelligence as well as the financials and into the drugs and the health care consumer packaged goods. The thought behind a program like this is simple. The manager believes that we're heading to a severe slowdown. So he wants to dump the stocks that need a strong economy and swap into stocks that do fine in a recession. And he wanted to do it in minutes. And you can't really do that while impacting the stocks in a ridiculous way. So billions of dollars are pulled out of one basket with economic exposure and placed in another basket that allegedly has no economic exposure. And it's total lunacy, people. Which is why the results of these moves were repealed as the day went on. See, stocks can't handle the breakneck speed at which these programs are executed. And the broker working the program should have known that. Should have known better. What a fool. The techies and the retailers simply couldn't absorb all the selling at once. These stocks are part of a handpicked basket and their large cap, Nvidia, Microsoft ServiceNow, JP Morgan. Just because they're large capitalization doesn't mean they would be able to handle the selling pressure. They will in the face of concentrated selling. Some things same thing by the way, with the buys, stocks like Merck, United Healthcare, Bristol Myers, all recession proof. They flew up in insane fashion, wildly distorting the values. Second, I've executed these kinds of programs. I know how this is done. Whoever did this was a rank amateur. Anyone with half a brain knows that you can't swing stocks around like this without causing big swings in their prices. You always get a bad deal, especially on a Friday where there are fewer players just bushling, hidden by the secrecy of Wall Street. These clowns who executed the program will never be out of it. Boy, did they ever screw up. Finally, it's important to not just stand there, gape and do nothing. You must always have a list ready in an emergency. Stocks that you want to buy or sell when something moronic like this happens. For the investing club, we issued two bulletins to club members urging them to take action. Bought some banks, some techs on weakness, urge people to buy the stocks. Plus the lagging retailers and restaurants. We were restricted in the ones that we wanted to buy. Club members weren't. Hey, by the way, we also sold shares in the favor. So Myers. Why? Because it was up. Ridiculously because of the program buying. I couldn't resist the spike. It was right now the vast majority of people who are watching this action mid morning thought that there Was something actually going on, something fundamental behind the swings. But in reality, we were just watching the poor execution of a stupid trade that someone thought was clever to evolve. So rather than taking the action to heart, what should you have done? You had to buy the stocks of companies that just reported excellent numbers when they were tumbling this morning. Last night we got incredible results from Broadcom, the semiconductor and sulfur company. Excellent exposure. AI this is one of the best quarters of the year. At one point is up 16 points. That is pushed down by the stupid program. And then it started rebounding later in the day. Finished up 15 bucks if you bought it when the program climaxed, you made a killing. Let me give it other gap. Remember we had Richard Dixon on the show last night. Amazing set of numbers across the board. It was a cold shot gap finished the day up nearly 19%. But at one point this morning it was up only half of that because of the program. Fabulous opportunity. I have total contempt for people who buy or sell once, distorting the whole market like this. This isn't the 90s where there was all sorts of liquidity. This is 2025 and you're getting. You're going to move stocks like this and get horrendous reports. Shame on the bozos. The next time something like this happens, don't panic. Take advantage of these clowns by taking the other side of the trade, but only if you're ready to move. Like I said, as always, more market summer. And I promise you, I can find it just for you right here on Mad Money. I'm Jim Cranmer. See you Monday.

[Bank of America Representative]

All opinions expressed by Jim Cramer on this podcast are solely Kramer's opinions and do not reflect the opinions of CNBC, NBCUniversal or their parent company or affiliates and may have been previously disseminated by Kramer on television, radio, Internet or another medium. You should not treat any opinion expressed by Jim Cramer as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Kramer's opinions are based upon information he considers reliable, but neither CNBC nor its affiliates and or subsidiaries warrant its completeness or accuracy and it should not be relied upon as such. To view the full Mad Money disclaimer, please visit cnbc.com madmoneydisclaimer Optimize your nutrition with Factor, America's number one ready to eat meal service. Factor's fresh Never frozen meals are dietitian approved and ready to eat in just 2 minutes. Choose from 40 weekly options across 8 dietary preferences like calorie smart and protein plus Factor's keto meals can help you lose up to 8 pounds in 8 weeks. Get started at FactorMeals.Com Factor50 off to get 50% off plus free shipping on your first box weight loss with Factor Keto based on a randomized controlled clinical trial. Results will vary depending on diet and exercise.