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Fidelity Representative (0:00)
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Jim Cramer (1:34)
Trade time Tim I talked about Rio Tinto valuation. Call Div.
Fidelity Representative (1:37)
Call Rio Courtney Also in Copper fcx.
Jim Cramer (1:42)
I think it's worth taking a look. It's down about 10% over last six months even though copper prices are up. Coppery Nice. Steve Another metaphor. Steel letter X. I think it has a little more gas in the tank to go higher. We got Georgetown. Make noise so the people know you're here. Wow. They are here.
Crystal Myers (1:59)
Crystal Myers.
Jim Cramer (2:00)
That'll get you done.
Fidelity Representative (2:01)
All right.
Jim Cramer (2:02)
Thanks for watching Fast. See back here tomorrow at 5 for more Fast money. Bad Money with Jim Cramer starts right now. Wave Georgetown Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer America. Other people make friends. Hey man, I'm just trying to make you a little money here. My job is not just entertain, but to explain, to teach you. So call me at 1-800-743-CNBC. TweetMet. Jim Cramer, you can be cynical and corrosive or you can be critical and constructive in real life. I know many smart people who choose the former, including even when it comes to stocks. My view? You can be as cynical and corrosive as you want about the vast majority of things in the world in life. But if you're trying to make big money in the stock market, you're actually better off being critical and constructive. Reflexive negativity is not a smart strategy and you will most likely trade yourself into oblivion with very little to show for it. Now, if you don't adopt that more constructive approach on days like today. Dow gained 272 points. SB advanced point for 1%. NASDAQ climb point 1. 8%. You're going to miss some terrific opportunities, the ones that abound daily around here in the greatest market in the world. Let me give you a few very obvious and get a full examples for you of stocks that have soared in the last week, stocks that were previously written off and many of them were left for dead. The cynics missed all these moves. The optimists, exception of one you could have called all of them. I want to start with today's trading. This morning, Wal Mart, largest retailer in the world, reported and the stock initially rallied on the strength of their results. That was about 715 in the morning. But then management was cautionary about tariffs. Don't blame them. And the need to raise prices on the conference call. Don't blame them. And the stock very quickly reversed and dropped six points points from its peak before the market open. Now, I have to tell you, that reaction staggered me. I was on television. I pointed out that Walmart's kind of like the Philadelphia Eagles. The Birds won the super bowl because of their dominance in what we call the trenches. I'm positive that Wal Mart too will be a winner because of its dominance in the trenches. Its expertise, its sourcing, its inventory management. Those are second to none. I mentioned that their balance sheet gives them a level of flexibility that the other retailers most certainly don't have, with the exception of Costco. Wal Mart can be tough with suppliers because they've got more bargaining power than any other store on earth because they've got that scale. And let's not forget that a quarter of their profits come from advertising. Amazing gross margins there and membership income. That's an unassailable set of qualities equal only by Kramer Faith Costco. These advantages aren't going away because of the tariffs. If anything, I think they're going to be accentuated. Tariffs are a problem for the entire industry. But Wal Mart's one of the rare companies that can cope. Sure enough, the stock rallied from down three and change and almost back to even. And I think the cynics who don't believe that Warren can handle this moment, they are destined to be losers. Now let's talk. Core Weave, the one that it was probably the hardest to get. It's a company that runs data centers that are geared toward artificial intelligence. This company came public at the end of March at $40. It was almost like a forced IPO. They had to get it done before the IPO. Everyone thought this was a red hot story. But then Wall street gave up on the entire edifice and people lost interest in this deal. It had to be downsized. And by the way, it also come at a much lower price because people were so skeptical of its business model. Core Weaves, the classic example of what I'm talking about. We took a hard look at it right here, met with the principals, even visited one of their data centers when we were out in Las Vegas. And we were convinced that these guys are real pros, the real deal, so to speak, and that the business really is in fuego. I knew people would be nervous about this one because it's a young, incredibly leveraged company. It could stay unprofitable for some time. But as people got more comfortable with it, they realized the core we was actually doing incredibly well. Something that the people at In Video confirmed. In Video is a big investor in Core. We've and it seems like the relationship is very strong. Sure enough, this stock got crushed, dropping from $40 where it came, the price of where it came public, but that's where they priced the deal to $333 in three weeks. But you know what? We kept pounding the table knowing the quarterly business was doing great the whole time. A few weeks ago the stock bottomed and by last night it had roared to $67. When the company reported last night, everything I said, what happened, happened. And the stock initially rallied hard in after hours trading, although eventually it pulled back because management plans to invest heavily to meet sky high levels of demand. And people are freaked out by that. Still, the stocks basically doubled since late late April when I told you you had to buy it. People were just too cynical and uninformed about the prowess of the scrappy company. And it gave the constructive and optimistic among us a much better opportunity to buy than anyone thought possible. As recently as a month before the ipo. More importantly later in the show because it's such an important situation. Next. Okay, how about that? Let's go back to the office. Boeing. See, for the longest time, Boeing stock was a pride because it seemed like they'd forgotten how to make airplanes. Now, we know a couple of things about Boeing. First, it's one of the only two major aircraft manufacturers in the whole world, the other being Airbus. Second, it had a hideous balance sheet. I mean just awful. I mean just the house of thanks to all the accidents in recent years. As long as it was hobbled by a bad balance sheet, the stock was too dangerous to own. And you were right to be critical. But in October of last year, Boeing used the capital markets as they are intended, tapping investors for $24.3 billion in stock and bonds. They sold 112.5 million shares at $143. That was enough to put the balance sheet, let's say on even keel so that the company could start playing offense. Now Boeing just won the biggest order, 150 jets it tied. It's a deal the President helped broker when he was in the Gulf. Every country we trade with wants to extend an oil branch to the White House. The easiest way to do that is by placing gigantic orders with Boeing. Now the stocks at 206. The stock RAL $60 from its lows last fall.