Mad Money w/ Jim Cramer 4/28/25

Summary

Mad Money w/ Jim Cramer – Episode Summary (April 28, 2025)

Hosted by CNBC, "Mad Money" with Jim Cramer offers an in-depth exploration of Wall Street's intricacies, providing investors with actionable insights and stock recommendations. In the April 28, 2025 episode, Jim Cramer delves into the current economic climate, examines top-performing stocks over the past two decades, and engages with callers to address their investment queries. Below is a comprehensive summary capturing the episode's key discussions, insights, and conclusions.

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1. Market Sentiment and Economic Outlook

Timestamp: [00:01] – [08:11]

Jim Cramer opens the episode with a candid assessment of the prevailing market sentiment. He acknowledges the pervasive negativity surrounding the economy but emphasizes that the situation may not be as dire as pessimists suggest.

• Jim Cramer: “It’s so easy to be negative right now. It’s so obvious that things are bad that it’s almost too obvious.” ([00:01])

Despite concerns about potential recessions, Cramer remains optimistic about the job market's resilience.

• Jim Cramer: “Recessions revolve around employment and there are still so many more jobs than we have people to fill them. That makes me think it will be very difficult to have a recession this year.” ([02:45])

He highlights the impact of tariffs, acknowledging that while they may lead to higher prices and potential shortages, the economy's underlying strength, particularly in job creation, makes a recession unlikely in the near term.

2. Tariffs, Supply Chains, and Consumer Behavior

Timestamp: [04:00] – [08:00]

Cramer discusses the complexities of tariffs and their implications on supply chains and consumer behavior. He points out that large retailers like Costco and Walmart possess significant market power, enabling them to negotiate lower prices with suppliers to offset tariff impacts.

• Jim Cramer: “These two retailers have more market power than any two companies I’ve ever seen. They can negotiate lower prices with the suppliers to offset the tariffs, including the Chinese.” ([05:30])

He also touches on consumer adaptability, suggesting that Americans might adjust to higher prices or shortages by altering their purchasing habits.

3. Technical Market Indicators

Timestamp: [03:30] – [07:00]

Cramer references a strategy involving three consecutive days of market rallies exceeding 1.5%, noting its historical reliability in predicting continued market growth.

• Jim Cramer: “After this rare three day in a row plus one occurrence, the market’s gone higher 10 out of 10 times and by an average of 21.6%. I’m calling that dispositive.” ([04:50])

He uses this technical indicator to reinforce his bullish outlook despite prevailing negative sentiments.

4. Engaging with Callers: Stock Recommendations

Timestamp: [08:11] – [19:21]

Cramer transitions to taking calls from listeners, offering tailored stock advice based on individual queries.

• Caller Julio from Pennsylvania: Asks about investing in Chipotle (CMG).

  • Jim Cramer: “I would emphasize to you about Chipotle, it’s never going to be cheap, but it’s rarely down this long.” ([08:30])

• Caller Juan from Florida: Inquires about Intel's (INTC) prospects amidst leadership changes.

  • Jim Cramer: “Right now it’s dead money. But Lip Bhutan is the real deal... I believe in Lip Bhutan.” ([09:07])

• Caller Chris from New Jersey: Seeks advice on Citigroup (C).

  • Jim Cramer: “I want you to buy Citi. It’s not my favorite, but absolutely.” ([10:09])

Throughout these interactions, Cramer balances his recommendations with nuanced perspectives, acknowledging both potential and risks associated with each stock.

5. Celebrating Two Decades: Top Performing Stocks

Timestamp: [19:25] – [37:45]

As "Mad Money" marks its 20th anniversary, Cramer reflects on the show's history by ranking the top 20 best-performing stocks since its inception in March 2005. He previews discussing positions 20 through 11 in this episode, with the top 10 reserved for the following day.

• Jim Cramer: “While the overall averages have done very well with the Dow up 272%, SBF 58%, NASDAQ 100 up 1,182%... you can make much more money in individual stocks of great companies than you can in these indices.” ([19:25])

Notable Stocks Discussed:

1. O'Reilly Automotive (ORLY) – +5,292%

   • Dominates the auto parts retail space alongside AutoZone.
   • Jim Cramer: “O’Reilly has been a voracious buyer of its own stock, shrinking its share count by nearly 2/3 since 2010.” ([19:35])

2. Heiko Corp. – +5,364%

   • Leading supplier to the aerospace industry.
   • Jim Cramer: “Heiko is a leading supplier of aftermarket parts and repair solutions to the aerospace industry.” ([19:50])

3. UFP Technologies – +5,510%

   • Design and manufacturing partner for medical devices and aerospace.
   • Jim Cramer: “UFP provides advanced materials and process control solutions used in semiconductor manufacturing.” ([19:56])

4. Fair Isaac Corporation (FICO) – +5,732%

   • Renowned for the FICO credit score.
   • Jim Cramer: “Nobody’s been able to beat the FICO score, have they?” ([19:58])

5. Novo Ltd. – +5,769%

   • Semiconductor manufacturing advanced materials provider.
   • Jim Cramer: “Novo’s in a fabulous long-term growth industry that's produced tremendous winners over the past 20 years.” ([20:10])

6. XPO Trucking Company – +6,493%

   • Evolved from a fragmented logistics company to a leading LTL provider.
   • Jim Cramer: “Brad Jacobs is now also doing Beacon Supply, a roll-up in the roofing industry.” ([20:25])

7. Salesforce (CRM) – +6,738%

   • Pioneered cloud-based CRM solutions, now a leading enterprise software giant.
   • Jim Cramer: “Salesforce now offers an entire suite of products spanning sales, marketing, customer service, and data analytics.” ([20:35])

8. Monolithic Power Systems – +6,867%

   • Specializes in power management semiconductors for various industries.
   • Jim Cramer: “Monolithic is a stalwart semiconductor company specializing in reliable compact chips.” ([20:50])

9. Tyler Technologies – +7,197%

   • Dominates public sector software solutions.
   • Jim Cramer: “Tyler Technologies now dominates the public sector software space.” ([20:58])

10. RadNet – +7,873%

    • Leader in outpatient imaging centers.
    • Jim Cramer: “RadNet is the national leader in outpatient imaging centers with a network of 3,375 locations.” ([21:05])

Cramer's analysis underscores the importance of sector diversity and strategic growth in achieving exceptional stock performance. He lauds these companies for their innovation, market dominance, and shareholder value strategies, such as stock buybacks and share count reductions.

6. In-Depth Interview: Russell Weiner, CEO of Domino’s Pizza

Timestamp: [11:34] – [19:21]

Cramer sits down with Russell Weiner, the CEO of Domino’s Pizza, to discuss the company's recent performance and future strategies amidst economic challenges.

• Jim Cramer: “You made out, I thought you laid out a very good long-term case for why Domino’s Pizza is the right kind of stock to own in this market.” ([12:15])

Key Discussion Points:

• Quarterly Performance:

  • Mixed results with softer revenue but earnings beat expectations.
  • Russell Weiner: “We grew market share almost a point pretty much every year...” ([12:35])

• Innovation and Expansion:

  • Introduction of stuffed crust pizza and partnership with DoorDash.
  • Russell Weiner: “Stuffed crust is something that was a big hit... we’re getting on DoorDash which sells about twice as many pizzas as Uber.” ([14:06])

• Store Growth Strategy:

  • Emphasis on splitting territories to maximize carryout business.
  • Russell Weiner: “When you split a territory, 80% of the carryout business is incremental.” ([15:27])

• Financial Health:

  • Strong EBITDA per store and robust marketing budget.
  • Russell Weiner: “The average EBITDA of our stores last year was $162,000, which by far is best in class.” ([16:41])

Cramer's conversation with Weiner highlights Domino's strategic initiatives to enhance operational efficiency, expand market presence, and sustain growth despite economic headwinds. The CEO's focus on innovation, such as new product offerings and strategic partnerships, positions Domino's for continued success.

7. Spotlight on Gold Mining: Interview with Amar Al Jundi, CEO of Agnico Eagle

Timestamp: [28:09] – [35:17]

Jim Cramer engages with Amar Al Jundi, the President and CEO of Agnico Eagle, to gain insights into the gold mining sector's outlook and the company's strategies.

• Jim Cramer: “Last time you were on, you predicted gold was going to head higher. You were spot on.” ([29:58])

Key Discussion Points:

• Gold Price Stability:

  • Supported by high demand and strategic production increases.
  • Amar Al Jundi: “We’ve got five big projects, all of which leverage off existing assets.” ([33:06])

• Operational Excellence:

  • Expansion of existing mines to increase output.
  • Amar Al Jundi: “We’re going to take that mine from 700,000 ounces a year to a million ounces a year.” ([33:33])

• Financial Strength:

  • Elimination of net debt and commitment to shareholder returns through buybacks and dividends.
  • Amar Al Jundi: “We have no net debt now. We are doing share buybacks, we’re maintaining our dividend and we’re investing in our business.” ([34:30])

Cramer's interview with Al Jundi emphasizes Agnico Eagle's robust financial health, strategic asset management, and proactive expansion plans. The company's ability to scale operations while maintaining financial discipline underscores its potential as a solid investment in the gold sector.

8. Lightning Round: Rapid-Fire Stock Tips

Timestamp: [35:24] – [39:03]

In the high-energy Lightning Round segment, Cramer addresses multiple listener queries with succinct stock recommendations.

• Lululemon (LULU):

  • Caller: “Bought at $368, now at $268. Good time to invest?”
  • Jim Cramer: “I think you want to put a small position on Lulu.” ([36:05])

• Take Two Interactive (TTWO):

  • Caller: Questions about the stock's prospects.
  • Jim Cramer: “Grand Theft Auto new edition comes out this year. I think it’s going much higher.” ([36:22])

• Micron Technology (MU):

  • Caller: Considering starting a position.
  • Jim Cramer: “Micron’s just okay... no catalyst to get it to go higher.” ([37:19])

• Erie Indemnity (ERIE):

  • Caller: Dividend Aristocrat with a 100-year history.
  • Jim Cramer: “I have to do more work on Erie Indemnity... recognize its long-term status.” ([38:10])

• First Energy (FE):

  • Caller: Seeking advice.
  • Jim Cramer: “It’s not a great energy company, but it sells a little bit cheaper than the others and I think it’s a buy.” ([38:45])

This segment underscores Cramer's ability to provide quick, yet thoughtful, stock evaluations, balancing immediate opportunities with long-term considerations.

9. Final Thoughts: Navigating the Trade War with China

Timestamp: [39:40] – [43:22]

In the concluding segment, Jim Cramer addresses the ongoing trade tensions between the U.S. and China, exploring their implications for American companies and the broader market.

• Jim Cramer: “The Chinese government, please. They have the upper hand in any potential trade negotiations because they make every necessity imaginable.” ([39:40])

Key Insights:

• Tariff Impacts:

  • Higher tariffs lead to increased consumer prices and potential shortages.
  • Jim Cramer: “They make hardly any [necessities]. They no doubt believe that the new much higher prices... will be blamed on President Trump.” ([39:40])

• Consumer Adaptation:

  • Shifts in purchasing behavior towards bulk retailers like Costco and Walmart to mitigate price hikes.
  • Jim Cramer: “We’ll just go to Costco and Walmart... They can negotiate lower prices with suppliers.” ([39:40])

• Economic Resilience:

  • Despite tariffs and supply chain disruptions, Cramer remains optimistic about the market's ability to adapt and thrive.
  • Jim Cramer: “American executives know what to do even if the government doesn’t... We'll get through this just fine.” ([39:40])

Cramer's analysis paints a picture of an economy capable of weathering trade-induced challenges through strategic adaptation and the inherent resilience of American businesses. He encourages investors to maintain a positive outlook, emphasizing opportunities amidst adversity.

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Conclusion

In this episode of "Mad Money," Jim Cramer offers a balanced perspective on the current economic landscape, highlighting potential opportunities amidst widespread pessimism. Through detailed discussions on top-performing stocks, insightful interviews with industry leaders, and responsive interactions with listeners, Cramer equips investors with the knowledge to navigate complex market dynamics. His unwavering optimism, combined with a pragmatic approach to investment strategies, underscores the show's commitment to empowering individual investors in their financial journeys.

Transcript

[Jim Cramer]

My mission is simple, to make you money. I'm here to level the playing field for all investors. There's always a bull market somewhere and I promise to help you find it. Mad Money starts now. Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramerica. 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 107 or 3 CNBC or tweet me Jim Cramer. Well, it is just so easy to be negative right now. It's so obvious that things are bad that it's almost too obvious. And that's why I hesitate to pile on with the pessimists. Couldn't a day like today with The Dow gained 114 points, S&P rose 0.06% Nasdaq dip 0.1% although the average has spent most of the day well below where they went out ended the day rally took us positive this morning Craig Melvin interviewed me on Today show and he correctly asked are we going to recession? I stuck my neck out and I said no. Will the tariffs hurt? Yes. Will prices go higher? Yes. Could there be shortages? Absolutely. But recessions revolve around employment and there are still so many more jobs than we have people to fill them. That makes me think it will be very difficult to have a recession this year. Yes, there are plenty of people who are going to get mitigated. That's the term CEOs are using when they talk about getting costs down to offset the impact of tariffs. Mitigation efforts usually mean taking supply chain costs out, but they also mean laying people off. But companies aren't too eager to fire lots of people because they might not be able to get them back when things improve. And yes, things always improve. So when it comes to the most obvious negative, the coming recession, it may not be a given because it's very hard to derail an economy. It's still creating jobs. We'll get the monthly report on Friday. I bet it's going to be fairly robust. That will make it very hard once again to slip into a full blown recession anytime soon. And perhaps in several quarters we will have a more steady and predictable trade policy. Any is possible. Second reason why the negativity may be too excessive. I came across this factoid when I was looking at X from this fellow Ryan Dietrich, who might I know I see him on Frank Holland's excellent show in the morning. He had a he said when we have this very rare occurrence three days in a row where the market rallies more than 1.5% three days in a row. We have heard many people say that was last week was merely a bear market rally, but Deidre points out that after this rare three day in a row plus one occurrence, the market's gone higher 10 out of 10 times and by an average of 21.6%. I usually don't like these historical extrapolations, but 10 out of 10? I'm calling that dispositive. Pretty darn good track record, don't you think? We know we're supposed to be very concerned that there will be shortages on the shelves in many American supermarkets. We know the Chinese are now charging Americans more than twice the price for priceless goods made by Temu and she and priceless because what price can you put on combustible flammable goods? I can't think of what these fire hazard output should go for, especially when you need to don an asbestos overcoat to play it on the safe side. Chinese clothing business joke 20 fear I could do this. I'm willing to bet that the American consumer learns to live with less even if we don't enjoy it. These tariffs are a government mandated supply shock, but supply shocks don't necessarily cause recessions either. It's another one of these looming negatives that simply don't have much to do with the price earnings ratio of AbbVie. We're not going to start selling stocks just because we have to get a car to Costco to get better prices or travel the two miles to local Wal Mart. Which by the way, if you go into Walmart lately, it's a blast. No, I'm not kidding. These two retailers have more market power than any two companies I've ever seen. They can negotiate lower prices with the suppliers to offset the tariffs, including the Chinese. Yes, more marginal players will get hurt, but if you have to go to Costco to get what you need, so be it. High quality Problem now it's easy to say that the stock market has a lot more downside when you're hardwired to believe that the Mag 7 still exists as an outperformance performance concept. Now there was a time when seeing these stocks down huge, you knew the rest of the market would get gold. People, that time is now over. Okay, it just ended. It's just the media and the ETF creators that are still focused on the whereabouts of the Magnificent seven. Sure, output rolled over after the first plus win as people realized that it wasn't making as much money on clicks anymore I'm ready for Apple to say when it reports this week that it can't sell as many phones in a high tariff world. The long knives have been out against Nvidia for months now. Today we learned that Huawei, the blacklisted Chinese tech company, has managed to come up with a rival in various 100 chips. Oh, that's a threat. But who's going to buy it now that Nvidia is on the next iteration? Some people call it the 200. Grace Blackwell with the hyperscalers even be willing to put a Huawei chip in their data centers. Would they be that crazy with the what White House even let them? When you own a stock like in video though, it can be brought down by a headline like this. And what it says is the stock is still after so many months in weak hands. January, February, March, April, May. It's been more than four months. Wow, wrong place to be, I guess. You know I believe in it, but wow, the stock is just so soggy. Now I have news for the soothsayers of the seven. Move on, will you? I got another idea. There are 493 more companies S&P 500. Many of them worth following at least. The media's obsession must end. The hyperscalers have run into a problem with their own creation. They need more and more computing power. But computing power is real expensive. They can spend tens of billions and still need to spend tens of billions more just to keep up with each other. Yes, that's great for Nvidia, but like I said, more than four months of downtime, it's getting tough. Meanwhile, the only winner should be Apple because it never bothered to develop its own AI and can quit from others because of its tremendous user base. But somehow in the interim, Apple's found itself in the crosshairs of the two most powerful governments on earth. You might have thought that Apple would have been held as out as a champion American industry when it pledged 500 billion investment in the United States. But instead I just hear carping from people that maybe at the end of the day they aren't going to spend all that money. Apple, you please both China and the U.S. you please none. But in place of the MAG7 are companies from so many different industries that aren't being pitted against the Chinese or prosecuted by the government or threatened by tariffs. Companies that aren't involved in a high stakes winner take all. Loser take non competition. Like the race for the best gender of AI you heard about from two of them tonight. You'll like it. Finally One more reason why it's too obvious that everything is bad. We read every day that President Trump's approval rating is going down, as if somehow that means the stock market is therefore going to go down. That's confusing the issue. Trump has taken himself out of the running as someone who has anything to do with this market. He has said this repeatedly, but he's a mercurial guy. And if he somehow decides that he cares about the market again, he'll make nice on trade and stocks. They will soar. Putting it less diplomatically, Trump has been integral to the stock market collapse with his policies, particularly tariffs. And as long as he doesn't care about the stock market, he'll probably keep going, even if the tariffs aren't accomplishing what he wants to accomplish, whatever that may be. But if Trump goes back into first term mode, I mean, I mean to the moon, Alice, here's the bottom line. This market's baking in the new Trump, but not the possibility of the old Trump making a comeback. Can you really stay that negative when in the end the old Trump could resurface at any moment? I'm not saying it's a sure thing, but it's definitely a possibility. Which is why I think you're taking your life into your hands if you try to bet against this market instead of increasing the size of your stock positions. But only on the way down, if you return to being oversold. Let's take calls. Let's go to Julio in Pennsylvania. Julio.

[Caller]

Hey, Jim, thanks for taking my call.

[Jim Cramer]

My pleasure.

[Caller]

My son Fernando, growing up, grow up, hearing your advice. And now he's in college. He basically lives on Chipotle. He's thinking about owning the stock, too. Now, with CMG back from its highs, do you think it's a good time to invest or should you just stick with ingesting those burritos instead? What are your thoughts?

[Jim Cramer]

Great question. I would tell your son this stock reported a quarter that people didn't like. And what happened? The stock went up. What does that tell you? We are finally a terra firma, and that is not one of those companies. It's going to be. It does have some tariff problems, but not many. And what I would emphasize to you about Chipotle, it's never going to be cheap, but it's rarely down this long. Let's go to Juan in Florida. Juan.

[Caller]

Hey, Jim, first time caller, longtime listener.

[Jim Cramer]

Thank you for taking my call. Of course. I'm glad you called. What's going on, Jim?

[Caller]

I want to know your thoughts on Intel. The Stock is down bad. There's a new CEO making big moves. Is this worth getting into or is it dead money now?

[Jim Cramer]

Okay, right now it's dead money. But Lip Bhutan is the real deal. If you want to buy some, I'm not going to fight you but I will tell you that they need to raise money before they can rally. But if you think the stocks could be this low two years from now, I think you're making a mistake. I believe in Lip Bhutan. He is real deal. Let's go to Chris in my home state of New Jersey. Chris.

[Caller]

Yes, hello Mr. Kramer. First off, congratulations on 20 years of mad.

[Jim Cramer]

Thank you. Thank you very much.

[Caller]

I would have to say in the mountain range of financial advisors, you are the summit. There you go.

[Jim Cramer]

Thank you very much. Summit of summit.

[Caller]

There you go. Summit. So now a bank stock, it had a reasonable earnings report. They're buying back stock. I know it's not at the top of your list of bank stops, bank stocks. But I'm curious whether you feel that it's close to a bottomed out and with rate cuts coming up later in the year, perhaps it may eventually break out later this year. I'm talking about Citigroup.

[Jim Cramer]

I want you to buy Citi. It's not my favorite. Absolutely right. So Wells, just one more consent degree Knock down Capital One is my absolute favorite. I think you should buy that aggressively. But I like your idea. All right. Now look, there's a lot of negativity out there right now but you have to stay the course and realize it might not take much for this market to higher. I'm in many tonight. Should you be getting a slice of Domino's? Good example what I'm talking about. No tower problem for this morning's report. I've got this year to get a breakdown of what the quarter delivered and I like what I'm hearing. Then as we celebrate 20 years of mad Money, I'm ranking some of the standouts since our show first hit the airwaves. Later, how are mining companies like Agnico Eagle reacting to the changing tariff headlines? Should you be in gold? Gold stock, gold coin. Let's listen. I'm getting the details with the top brass so stay with Krame.

[Producer]

Don't miss a second of Mad Money. Follow Im Kramer on X. Have a question. Tweet Kramer. Hashtag madmentions. Send Jim an email to madmoneycnbc.com or give us a call at 1-800-743, CNBC. Miss something? Head to madmoney.cnbc.com.

[Jim Cramer]

I want to make of these numbers from Domino's Pizza. Now I've long felt that the world's number one pizza chain could hold up just fine even in a more difficult economy. This morning though, Domino's reportedly mixed quarter softer than expected revenue but a 26 cent earnings beat off its $4.07 basis. Domestic same store sales down 0.5%. Wall street was looking at 0.3%. This is stock open down 2.2%. But management very, very positive, confident tone on the conference call reaffirm most of the full year forecast which allowed it to rebound, finishing the session up more than a half percent. So where do we go from here? Let's check in with Russell Weiner is the CEO of Domino's Pizza to get a better sense of the quarter and what's next. Mr. Wiener, welcome back to money.

[Russell Weiner]

Jim. Hey, good to see you.

[Jim Cramer]

Good to see you. Now, Russell, obviously the market initially didn't like the numbers, but as you talk, you made out, I thought you laid out a very good long term case for why Domino's Pizza is the right kind of stock actually to own in this market. What makes you so confident given the fact that the same store sales were a slight miss?

[Russell Weiner]

Well, you know, Jim, there's the short term and the medium term. Obviously long term is long term, but in the short term, look, we had a quarter we missed a little bit, but we, we won on market share. We grew market share. We grow market share almost a point pretty much every year of Jim. And I've been here for 16 years. And so I think relative to the rest of the category, that's what people were looking for. And then we talked about what we have coming for the rest of the year. This was probably the lightest quarter as far as big initiatives. And in Q2 we have stuffed crust. In Q3 and Q4 we're on DoorDash. So we've got a lot more coming now.

[Jim Cramer]

Stuff Cross is something that was a big hit, obviously a big hit for a competitor for a very long time. Why didn't you guys have this before? Because to me, this is the innovation that would take you guys out of your regular comfort zone into something that I think has a lot more to offer.

[Russell Weiner]

Yeah, you know, for us we're ready to launch an innovation when our operations is ready for it. And the fact is stock price is a little bit more difficult to make. We have busier pizza stores than most. And so what we've done over the last couple of years is through training, through it, we've improved our service Q1 during earnings we talked about being two minutes better than we were two years prior on delivery. And so we got our operations where they needed to be. And so now we're ready to bring in this a little bit more complex pizza to make without really affecting operations at all. And so far consumer input has been really positive. So I'm glad we waited but I've been more glad that we launched it.

[Jim Cramer]

That sounds, that makes a great deal of sense to me now. Doordash, you were trying to explain the incrementality, what it does mean and for our viewers without being too fancy. Can you talk about the app and what it might mean to people who would not normally order Domino's, who might now?

[Russell Weiner]

Yeah, well, you know Jim, we stayed out of the aggregator marketplace for a while. We don't want to help it grow. But it's a, it's a, it's a big piece of where people order today and we need to meet customers where they are. There's about $5 billion worth of pizza that are sold in the aggregator marketplace. About a billion of it could be ours, our fair share if we were on aggregators. Last year we got on Uber. We're getting towards, in May and towards the second half of this year we'll be on DoorDash. DoorDash sells about twice as many pizzas as Uber. So you get, you think about the Q1 numbers and realize we didn't have stuffed crust pizza. We weren't on the biggest aggregator. Puts Q1 in perspective and gives you a big. A little more sense why we're bullish kind of for the rest of the year.

[Jim Cramer]

Makes sense now it's since 2010 when I've been following it, you guys are going to say from at least according to the groks of the world, around 5,000 stores in America to around 7,000. And I know that you only did there were not many. Was actually 17 additional this one this quarter. But is there still room for another thousand if you want to think about it that way?

[Russell Weiner]

Yeah, absolutely. You know we find Jim is the more we grow, the more we can grow. And the reason is because of the carryout business. So when you look at the stores we have to open, still about 2/3 of them are splits. The meaning we take a, you know, a territory and we split it. Now the interesting thing is just like our drivers, consumers don't want to drive far to pick up their pizza. So when we split a territory, 80% of the carryout business is incremental, which Means the store pays for itself right away. Then over time delivery gets more efficient and that's when it all comes together. So yeah, absolutely, we've got more, more, many more stores to build here in the United States.

[Jim Cramer]

You talk about international, it's obviously the numbers are terrific there. But also I think that you seem to be trying to be sure that everybody who's a franchisee is well capitalized or else it just doesn't make sense.

[Russell Weiner]

Yeah, well look, I mean we've got, when you think about our two biggest markets from a growth perspective, 40 plus percent of our store growth moving forward, it's, it's China and India. They're, they're corporately owned markets. So capitalization is really important for them, but so is the roi. And these are kind of best in class roi, cash on cash for those stores.

[Jim Cramer]

Now one of the things I might, one of my thesis for this particular market is as we go forward with the tariffs, we're going to have two classes of stock. There's going to be the ones that are tariffs and the ones that aren't. I for the life me try to figure out where you could be tariffs and I couldn't come up with it.

[Russell Weiner]

Yeah, no, we're not, we talked about this on the call. We're not really exposed from ingredient standpoint. I think you know, maybe where some could think secondarily, if consumer disposable income is down because they're spending on other things, they have less money to spend on restaurants. But Jim, this is what really makes Domino's, like you said during these times, just a great value for customers and for investors. Think about if, if customers are looking for value, what do you need to provide them value? You need a best in class supply chain that has scale, that doesn't pass on high prices to franchisees so they don't have to pass them on to customers. You need huge advertising budget, right? Because if percentage margin is low, you want the cash margin to be high. You need lots of volume. We have a half a billion dollar marketing budget and then you need franchisees that are well capitalized. The average EBITDA of our stores last year was $162,000, which by far is best in class. And so we have the ability during these tougher times to, to continue to build this competitive moat and offer value long term to customers. Not only build market share now, but when we come out, remember we'll be coming out with better operations. Consumer will have experience, our stuffed crust doordash, all of that kind of stuff. So this is really what we are built for. And we're going to come out really.

[Jim Cramer]

Good on the other one. This question, I know it's not a substantive question. I understand that it creates no value whatsoever. But there are a lot of people who bought this stock at $10 when I recommend it when Pat Doyle started. And one of the things they loved about it was that it was not a high dollar amount stock. Now, I know $500 is no different from 10. Doesn't create any value at all. But people have asked me, please ask him when there could be a split. So I just put it out there, knowing it does not create that.

[Russell Weiner]

Yeah, well, I was going to say, you know, Jim, you answered the question. I will say on days like this when, when you're up or down a percent or two, you know, it makes me look at the numbers and say, hey, you know, it'd be nice if that dollar figure was a little smaller. So I understand what they're talking about. But as you know, there's, you know, we're going to do what's right for our investors. And that's just, that's not, it's not a good, it's not a good investment.

[Jim Cramer]

Understood. All right. Russell Wiener, CEO of Domino's Pizza Member open down to finished up and you heard what matters is the future. There's so many things in the pipe here. I think this one's ready to roar. Russell, thank you for coming on the show.

[Russell Weiner]

Thanks, Jim, so much.

[Jim Cramer]

Absolutely. Now Mike's back after the break.

[Producer]

Coming up, Kramer's been in the game since the dow was at 10,000. So how have the top stocks in this market performed over the past 20 years? Kramer's looking back at their moves during Mad Money's tenure next.

[Jim Cramer]

This week we're celebrating the show's 20th anniversary. A little over a month late, but better late than ever. Given that Mad Money's been on the air for more than two decades now, I think it's worth going over the best performing stocks during that period. While the overall averages have done very well with the Dow up 272%, SBF 58%, NASDAQ 100 up 1,182%. Remember, I created the show because I believe you can beat the average by doing the homework and picking great individual stocks. And 20 years later, you know what, I have even more conviction that you can make much more money in individual stocks of great companies than you can in these indices. So looking at every US listed stock with a market cap of at least $1 billion. And putting aside everything that came public after March 14th of 2005, the day of our first show, what are the biggest winners since Bad Money first went on the air? I've got to tell you, I love this list. It's very surprising. I'm going to walk you through the 20 best performing stocks over the past 20 odd years. Tonight we do number 20 through number 11. Then tomorrow, the day we ring the opening bell to New York Stock Exchange, we'll do the top 10. The 20th best performing stock in the middle money era is the name we know well. It's called O'Reilly Automotive. It's up 5,292%. Now, this company alongside Autozone, which I really like, has emerged as a strong duopoly in the auto parts retail space. Why do I like this so much? Okay. You know what I love about it? It's still fresh. I recommended again if just three weeks ago. Why? Because I think the auto parts stocks will thrive once the auto tariffs kick in. New cars and used cars will get much more expensive, which means you'll need new parts to keep your old car on the road. Plus, O'Reilly has been a voracious buyer of its own stock. Get this, it has shrunk its share count by nearly 2/3 since the end of 2010. Very similar, by the way, to Asia Autozone, a number 19 and 18. A couple of companies that we don't follow very closely. There's Heiko up 5364% and UFP Technologies up 5510%. Imagine these companies you never heard of and they made all this money for people. The AE represent great sectors, aerospace, medical technology. Heiko is a leading supplier of aftermarket parts and repair solutions to the aerospace industry through its flight support group. All major airlines are customers. You saw Boeing up big today, probably again tomorrow because it just got upgraded by rating agencies. Well, I think this hike is an interesting way to play it. Heiko still works here because I remain a big believer in aerospace for multiple years. As for UFP technology, okay, this is a tiny $1.5 billion market cap company that's a design, engineering and manufacturing partner, mainly for medical device makers, but also for the aerospace, defense and automotive industries. But while Europe is clearly doing something right to have this kind of performance over the past 20 years, I wish I knew more about it. So, UAP, if you're watching, why not come on the show and tell your story? I know you can do it better than I can. Consider this an open invitation. Now we're back on premier ground with number 17, a company we've had on the air. It's called Fair Isaac, up 5,732% in the money era, these guys are the keepers of fico. Fair, the F Isaac, the I. Okay. They provide businesses with all sorts of software and services to help them manage credit risk. Over the past 20 years we've seen all sorts of fintech disruptors arrive on the scene touting some new fancy lending decision making technology that will quote, make the FICO score obsolete. Some of these companies are great but nobody's been able to beat the FICO score, have they? Still universally used, the 16th best performer is another smaller name that I don't know all that well. It's called Novo Ltd. It's a 5769% but it comes from a sector that I like very much. In this case the semiconductor manufacturing space. Nova provides advanced dimensional materials and chemical, mineral metrology and process control solutions used in semiconductor manufacturing. While the semiconductor equipment names have become a geopolitical football during the current trade war, at the end of the day this is a fabulous long term secular growth industry that's produced some tremendous winners over the past 20 years. Just like UFP technologies, Nova's earned an invitation to come join us. Tell us the story more thoroughly. In 15th place is a company you should know or at least remember. It's called XPO Trucking Company formerly known as XPO Logistics which is up 6493% since we started doing the show. This is a Brad Jacobs roll up and break up story. He took control of the old Express One Expedited Solutions back in 2011. It he changed the name to XPO Logistics and quickly got to work acquiring other companies rolling up companies in the very fragmented trucking and logistics industries. Thanks to the XPO became a leading player. But around four years ago Jacobsen his team felt the company was undervalued and they began breaking up the business. Spinning off the logistics business as logistics and a freight brokerage business as rxo. The remaining XPO operates in the less than truckload sector ltl. I have a lot of confidence in Brad Jacobs over the long term but I don't know much that much confidence in the trucking industry until we get past the disruption from the President's tariffs. By the way, Brad Jacobs is now also doing Beacon Supply doing a roll up in the, well let's say the roofing or maybe even bigger than that housing industry. Next in 14th place is one of my all Time favorites. And That's Salesforce, up 6,738%. This company started as a customer relations management software play, basically invented the cloud software strategy and now is one of the largest and most successful enterprise software companies on the planet. Salesforce now offers an entire suite of products spanning sales, marketing, customer service and data analytics. And it always seems to be at the leading edge of whatever big trend is happening in software, including right now with their Agentix platform that harnesses a I. Okay, kind of like a robot that you would speak to when you're trying to figure out exactly who you want to get to in a company. More impressive, the stock still made the list even though it's down 28% from its highs in December. We just had Salesforce co founder and CEO Mark Benioff on the show last week. He sounded as confident as ever. I say you doubt this man at your own peril. He did the same thing in the fall of 2008 when the financial crisis was obliterating the stock market. That turned out to be an incredible buying opportunity. I know some of you think I've been sticking around too long on this company. I think its agent Force program could be dramatically understated for the growth prospects it's going to bring the company. It could blow out the numbers. Okay, I'm not sure which quarter is going to do that, but I swear by this Agentix, it makes too much sense. Don't leave the stock. 13th place, monolithic power systems. That's up 6,867%. That's a stalwart semiconductor company that specializes in reliable compact chips, mostly for more efficient power management. That's made Monolithic key partner for makers of smartphones, electric vehicles, connected cars and now the data center. Stocks pulled back almost 40% from its highs last summer in part because people worry that they've lost market share as a supplier to Nvidia. So I need some more clarity in this, but don't know how I'm going to get it right now. In 12th place is Tyler Technologies, up 7197%. Now here we go again. These guys find all sorts of software products for public sector customers. Think enterprise resource planning, productivity tools, data platforms, cybersecurity solutions and much, much more. Now these guys now dominate the public sector software space. They have for a couple of years now. Very durable business company. Just reported a beat and raised quarter last week. But because the bookings were a little soft, the stock pulled back a bit. I think it could be an excellent buying opportunity. Finally, at Least for tonight. There's radnet. They've been on the show a couple of times. Up 7873%. The national leader in outpatient imaging centers. With a network of 3, 375 locations across the country. There's a lot of demand for MRI scans that can be done outside of a hospital in a more, less expensive way. Radnet wasn't really on my radar until almost two years ago when someone asked me about it. I had circled back later after doing some homework. Ultimately, I gave it thumbs up and the stock's up 53%. Since then, of course, RAD has pulled back 45% from its highs last year. Like so many other stocks, stocks still pretty expensive. But if you've got a long term horizon, I think it's going to work for you. Bottom line, those are half of the 20 best performers since Mad Money first went on the air. Tune in tomorrow and I'll give you the top 10 performers. Let's go to Ron in Tennessee. Ron.

[Caller]

Hey Jim. I love your show. Been watching you for about 15 years.

[Jim Cramer]

Oh, fantastic, Ron, thank you.

[Caller]

Yeah, love it. My question is I'm thinking about investing in 3D printing because I think that that's the future of a lot of manufacturing. And I was wondering if HPQ would be a good company to do this.

[Jim Cramer]

It will not be the needle mover for hpq and I do not like the PC business so I'm going to have to suggest that you do not buy that stock. If you look at how it's done, it's not been a good one. All right, look, the first half of our 20 best performing stocks is full of companies from different sectors proving that you can beat the average if you know what you own and do the homework. A lot of semis, a lot of enterprise software now much more man money, including my look at the slate of state of gold and mining with my favorite egg, the eagle. Eagle. And I'm giving you my latest on the global trade landscape and looking at what questions are still being left unanswered. And oily calls rapid fire. Tonight's edition of the Lightning round. So stay with Kramer. While investors are working around the clock to figure out how the ever changing tariff headlines will impact their favorite companies. The price of gold, it's been steadily creeping higher. Now that's always good news for the miners. Like Agnico, Eagle is one of the best operators in the space, perhaps the best operator given the excellent quarter the company reported at the end of last week. And they're incredibly low quarter costs. So with all the speculation about where gold prices could be headed, why not go right to the source of one of the biggest names of the business, see what they have to say. Let's dig deeper with Amar Al Jundi. He's the President and CEO of Eagle. Mr. Judy, welcome back to Mad Money.

[Amar Al Jundi]

Jim, it's always a pleasure. Longtime fan of your show, as you know.

[Jim Cramer]

Well, thank you very much. I'm a longtime fan of your work and also I know that I don't want to put you around the spot, but last time you were on, you predicted gold was going to head higher. You were spot on. Most people thought it was going to peak. Do you feel, I hope I don't want to put you on the spot again. But you feel pretty comfortable about the price, don't you?

[Amar Al Jundi]

We're certainly getting a lot of support at these high prices, and that's a good sign. You know, when you, when you go up $1,000 and you stabilize, sometimes that's a good foundation from which to build forward. Jen?

[Jim Cramer]

Well, one of the things that I like to focus on, we have a lot of individual investors, okay. And I always tell individual investors, go to Costco, buy your gold. Well, okay, I've been misleading people. There is no gold. We try every single day because my wife and I are huge gold bugs, as you know, which, which then drove me to look at the Canadian, the, the Maple Leaf, the Royal, the Royal Mint gold coins, and they're yours. You're the guys who had the contract. So, I mean, do you see, you must have a good, really good command on, on the Demand, as you see it, from, from the government.

[Amar Al Jundi]

Well, I mean, it's, we have a great relationship with the Canadian Mint, and we were very proud of some of the assets that we have. And you know, we produce more gold, Jim, in Canada than the next eight companies combined. So it's not surprising that the mint would be using our.

[Jim Cramer]

And they've got tremendous demand, right? They just put, they put in order every day. How does it work?

[Amar Al Jundi]

Well, in 2020, it's coordinated through a group in our shop that deals specifically directly for those coins. Most of the gold, Jim, we give to refiners, and then it's bought by the banks directly. Doesn't even make it to the retail space.

[Jim Cramer]

No, see, that's the problem because our viewers so much want them. They want the small Angus. You know, I tell them, look, there's a lot of great gold, gold companies that are gold dealers, but we all want agnico Eagle Gold. And that doesn't happen. Now let me ask you about the Canadian government. We've got a big election coming up. When I read Mr. Carney, Mr. Carney generally is very big on the environment, but he also favors one project, one review, which to me would make it so that if you've got, you've got an excellent pipeline in Canada, maybe it could be streamlined or is that too wishful?

[Amar Al Jundi]

No, I think, I think that is both, both the leaders are moving towards understanding, Jim, that resource development is a core part of the Canadian economy. We need to, we need to generate jobs, we need to generate quality of living for our people. So it's nice to see politicians across the spectrum realizing the importance of resource development and simplifying the permitting process.

[Jim Cramer]

Excellent. Now, one thing that I've been trying to teach people when they look at gold, I say, look, you've got to view gold miners as if they are drug companies. You've got to look at their pipeline. You've got to see what's out there. Because if you look at what everybody sees now, that doesn't take much. That's a weatherman who knows which way the wind blows. Could you tell us what things look like out two and three years from now?

[Amar Al Jundi]

So our production for the next three years is steady. But I've been in this business for 25 years and I mean this sincerely. I've never seen as good a pipeline as, as what Agnico has right now. We have five big projects, all of which, Jim, leverage off existing assets. And the best return on capital you ever get is by leveraging off existing capital and generating money that way.

[Jim Cramer]

And you can turn a mine that's a surface mine, a strip mine, into a deep mine. How does that work?

[Amar Al Jundi]

Yeah, absolutely. So you're talking about Detour. The Detour mine is one of the 10 biggest mines in the world. It's the biggest mine in Canada. It's an open pit mine. It's got a mine life out well past 2050, but it's also got an underneath underground component. And so what we're going to do there, Jim, we're going to take that mine from 700,000 ounces a year to a million ounces a year by replacing some of the lower grade open pit with higher grade underground, again in a great jurisdiction. And by the way, we have another mine called Malardic that we also think we can get to a million ounces a year.

[Jim Cramer]

It's important for people to understand when they hear that, that you're not breaking the bank doing that. As a matter of fact, somehow you're a bit of a magician. You actually improved the balance sheet despite this incredible expansion that you're undergoing.

[Amar Al Jundi]

Yeah, we've, we've, frankly, we've eliminated our net debt. We had about a billion and a half dollars of net debt a year ago. We have no net debt now. We are doing share buybacks, we're maintaining our dividend and we're investing in our business. And by the way, we were spending the most on exploration that we've ever done. We're taking a balanced approach, responsible with our owners money combination of growing the business and returning capital to our owners.

[Jim Cramer]

And just in case people don't know who the owners are, who are they?

[Amar Al Jundi]

The shareholders.

[Jim Cramer]

Exactly. Let's leave it at that. I love it. That's Amaro Jr. He's the President CEO of Agrico Ecomings AM. And you know, I've told you, it's the number one gold miner in the world, man. Bunny's back after the break. Thank you.

[Producer]

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

[Jim Cramer]

Next. It is time. It's time for the white round three bat round graphicals. Number seven. Just for going to know the course star course. That's done by step Prince grabs from play. You play the. And then the lightning round is over. Are you ready, ski daddy? Time for the lightning round. Crazy round. We're going to start with Arshon in California. Arshon.

[Caller]

Jim, how's it going?

[Jim Cramer]

Not bad. How about you, Arshon?

[Caller]

I'm doing good. So I had a question on Lululemon. So I bought in about three months ago at about 368 and right now it's about at 268. I was wondering if it's a good time to buy or just.

[Jim Cramer]

All right, remember, we don't care where stock has come from. We care where it's going. I do believe that it's 17 times earnings. This stock is frantically trying to bottom. And I'm actually going to say I've not said this before. I think you want to put a small position on Lulu. You can do it. Now let's go to Swami in Texas. Swami.

[Russell Weiner]

We had Jim, you know, followers since 98.

[Caller]

What's your take on Take Two Interactive?

[Jim Cramer]

Take Two is going up and it's been going up endlessly because Grand Theft Auto new edition comes out this year. I'm not going to get in the way of that. This is an example of a kind of stock that I'M saying, why are we constantly focused on Mag 7 when you have a take two interactive that I think is going much higher. Let's go to Jay in Arkansas. Jay.

[Caller]

Hey, Jim. How's it going, man? Long time listener here.

[Jim Cramer]

All right. I'm glad you called. What's going on, Jay?

[Caller]

Hi, Jim. I just had a question about RBRK Ruby.

[Jim Cramer]

Okay. This is again is another stock. Before Sinha came on the show, I thought he told an amazing story. Cybersecurity. Do we need to be in a Mag 7 when we can be in a rubric? Let's go to Paul in California. Paul, do ya? Jim, how are you? Hey, I'm all right.

[Caller]

Good. Thanks for taking my time.

[Jim Cramer]

Thank you. Of course. Thank you. All right.

[Caller]

Wondering I'm thinking of starting a position in Micron.

[Jim Cramer]

All right. Micron's just okay. The last couple quarter is not great. I, I think you'd be doing it at the low end. There's no doubt about that. But my problem is, I don't know, a catalyst to get it to go higher. Let's go to Jim in South Carolina. Jim. Booyah.

[Caller]

Jim, thank you for all the hard work you and your staff are doing for us club members.

[Jim Cramer]

We appreciate it.

[Russell Weiner]

Great.

[Jim Cramer]

Oh, thank you. And I love that the members of the club are so terrific. How can I help?

[Caller]

Jim, my father worked with US company for over 40 years and the company rang the bell this morning where you were at celebrating their 100 year anniversary. What are your thoughts on this dividend Aristocrat Company, Erie Indemnity.

[Jim Cramer]

All right. I have to do more work on Erie Indemnity because I hear good things and I hear not so good things. My friend Herb Greenberg who worked with me for Many years at discrete.com has been writing nay about it. In the meantime, I recognize the long term status of it. So let me come back. I've no choice. I actually discussed with our chief scientist and research director Ben Stodo just today. Maybe there's something that's interesting here. Let's go to Howard in Arizona. Howard. Hi Jen, how are you? Longtime listener from Larry, from Kudlow and Kramer and he's doing great.

[Caller]

You're doing.

[Jim Cramer]

Thank you.

[Caller]

My question to you is about first energy.

[Jim Cramer]

What are your thoughts? You know, it's not great energy company, but you know what? It sells it a little bit cheaper than the others and I think it's a buy. And that. Ladies and gentlemen, conclusion of the Lightning Round.

[Producer]

The Lightning Round is sponsored by Charles Schwab. Coming up, can American companies still win in this Trade war with China. Kramer is breaking down the playbook for US execs.

[Jim Cramer]

Next.

[Producer]

Celebrate 20 years of mad Money. How Jim Cramer transformed investing in America.

[Jim Cramer]

It's insane.

[Producer]

The moments, the madness, the memories. The Mad Money 20th anniversary special. Tomorrow, 7 Eastern, CNBC.

[Jim Cramer]

China beware. Our CEOs aren't as stupid as you think. There's no doubt my mind right now. The Chinese government, please. They have the upper hand in any potential trade negotiations because they make every necessity imaginable. We make hardly any. They no doubt believe that the new much higher prices on goods made by Temu and Sheehan to admittedly beyond cheap online department stores will be blamed on President Trump when those prices go away. And it would be fair to blame them. I mean, how can they not double prices with 145% tariffs? Somebody has to pay that import tax and neither of these companies has huge margins, which means it gets passed on to you, the consumer. Oh, and yes, our appliances are largely made over there because they wiped out our industries ages ago. So long ago that people may not even remember that America once made what we used to call white goods. I think the huge tariffs on China will certainly hurt the consumer. Nobody's going to be happy with higher prices or even shortages. But even if the government can't negotiate new trade deals to offset the damage anytime soon, I have faith in our companies and the CEOs. Keep in mind these companies just went through Covid which caused all sorts of supply problems. They figured out and eventually got what you needed. So sure you will spend less if the price of tide goes much higher, right? Procter and Gamble has done enough market research to know that people will wait and only run the watch three times per week instead of five. That'll play out. We don't have that much housing turnover, so it's unlikely that we'll run out of appliances. And the big box retailers are really adept at keeping prices low anyway. They're thought about this. They thought about this. They know how to mitigate damage. Will we really have to sacrifice? Yeah, but I think the real question is how much we'll have to sacrifice. We had some ugly inflation under Biden. It sucked. Nobody liked paying higher prices, but it didn't torpedo the economy. As long as people can get jobs and those jobs pay enough to cover the cost of newly jacked up prices, well, we'll be fine. Even if nobody's too happy about the situation. Otherwise we'll just go to Costco and Walmart, the former for cheap bulk products, in the latter because they're sourcing so great that I think they can single hand at least save us from being caught in the crosshairs of a trade war. It's why I still like Wal Mart. It's why we own Costco for the travel trust along by the way with tjx. Because closeout retailers will thrive as marginal chains try to stay alive by offloading their excess inventory. There may only be a handful of national retailers after this tariff war if it lasts too long. Of course, China doesn't take much from us. I mean mostly grain which can be sourced from Brazil or a dozen other countries countries. It's always been a one sided relationship. It's a bargain struck by both Democrats and Republicans to sacrifice American jobs on the altar of cheap stuff. I was never a huge fan of this policy, but people in this country love cheap stuff. Even if an awful lot of people lost their jobs to the Chinese in the process. Then President Trump decided to overturn this bargain practically overnight without any notice. And now we've got Covid style supply chain issues all over again. But I think our companies have a much better handle on it. Much better certainly than anyone gives them credit for. Now the one thing the President hasn't done clearly is tell us what the game plan is. Do we want China to start playing fair on the trade front? Do we want them to stop dumping government subsidized goods on our market? Are we trying to change their supply chains? Are we trying to put them out of business? That's kind of the problem. Nobody knows what the White House is really after. Maybe not even the White House. It's not especially well articulated. But I will say this. American executives know what to do even if the government doesn't. The Chinese may be seasoned pain takers, but we're plenty resourceful and we'll get through this just fine. I like to say there's always more market Summer. I promise. I find it just for you right here. 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, 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.