Mad Money w/ Jim Cramer 5/5/26

Summary

Mad Money w/ Jim Cramer – Episode Summary (May 5, 2026)

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Main Theme & Purpose

In this episode, Jim Cramer dives deep into the current seismic shift happening in the stock market, driven primarily by an artificial intelligence (AI) and data center "revolution." He highlights how this shift is impacting not only traditional tech firms but also power utilities, infrastructure stocks, and broader segments of the economy. Cramer provides listeners with a comprehensive buy list for 2026 and beyond, fields insightful caller questions on specific stocks, investigates winners in the automation, casino, and life sciences industries, and concludes with a financial literacy interview with influencer Haley Sachs, aka "Mrs. Dow Jones."

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Key Discussion Points & Insights

1. The Data Center & AI Revolution

Time: [00:46 – 10:23]

• Earnings season reveals explosive profits for companies connected to data centers and AI computing.
• Stock gains in AMD, Intel, Sandisk, Micron, and others are linked to three themes:
  1. Massive Data Center Investment: Amazon and Alphabet (Google) are pouring billions into cloud infrastructure, ensuring colossal future profits.
     • “Both Amazon and Alphabet have insured years and years of colossal profits because they’re spending tens of billions now to make hundreds of billions later.” – Jim Cramer [01:42]
  2. Hyperscaler Demand from AI Startups: Anthropic and OpenAI, though private, are spending heavily on chips and infrastructure, transforming the business models of cloud giants.
  3. AI as a New Economic Force: The elevation of AI computing has created an “economy within itself,” too significant to consider a mere sector.
     • “It’s so much broader than anyone ever seems to believe, especially even just two years ago.” – Jim Cramer [08:36]
• There’s a supply crunch across chips, CPUs, servers, power, and more – all supporting AI and cloud computing.
• Buy List for 2026 & Beyond: Cramer lists companies benefitting from the AI/data center boom, spanning power utilities (Constellation, Semper), natural gas (Equity), energy (Bloom), chipmakers (Nvidia, AMD), memory (Sandisk, Micron), semiconductor equipment (ASML, Applied Materials, Lam, KLA), infrastructure (Corning, Arista, Cisco), backup power (Caterpillar, Generac), and cloud platforms (AWS, GCP, Azure).
  • “Because I just gave you the buy list for 2026 and beyond.” – Jim Cramer [09:42]

Notable Quote

• “AI is inexorable, it’s fierce, and it’s making believers fortunes. Those who don’t see it and are stuck in enterprise software or sitting out tech entirely are missing enormous gains.” – Jim Cramer [09:40]

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2. Lightning Round: Listener Stock Q&A

Time: [10:23 – 12:21] and [35:12 – 39:28]

Cramer rapidly answers callers’ questions on various stocks, providing actionable advice:

• Oracle (ORCL): Positive on the recent quarter, suggests holding despite critics. [10:38]
• Celestica (CLS): Advises caller to “take your cost basis out tomorrow and let the rest run.” [11:07]
• Other notable calls:
  • Scotts Miracle-Gro (SMG): Too risky due to weather dependence. [35:37]
  • Banco Santander: Bullish, praises recent acquisition (Webster Bank). [36:02]
  • MP Materials (over USA Rare Earth): His recommended rare earth pick. [36:25]
  • Alexandria Real Estate: Sees value despite sector struggles. [36:46]
  • NextDecade (NEXT): Approves as a “nice spec” due to LNG demand. [37:31]
  • MaxLinear: Warns stock is extremely parabolic, recommends patience. [38:00]
  • Altria: Not a buyer, but encourages callers to sell portions of large positions. [38:35]
  • Mastech (MZT): Praises the company as another winner from the data center boom. [39:10]

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3. Stock Deep Dives and CEO Interviews

A. Rockwell Automation (ROK)

Time: [13:48 – 20:44]

• Interview with Blake Moret, CEO: Company’s programmable logic controllers are essential for manufacturing, data centers, warehouse automation, and more.
  • Record quarter: Data center business doubled, broad-based growth across verticals. [14:50]
  • U.S. manufacturing renaissance is real; “double-digit growth in orders to increase capacity in U.S.” [15:35]
  • AI is a driver, but so are traditional factory controls.
• Memorable Quote:
  • “We found that we’ve been able to provide significant value to these customers who recognize that if they’re going to make it in America, they need to combine that technology with an engaged workforce. We’re in a great spot.” – Blake Moret [19:48]

B. Monarch Casino & Resort (MCRI)

Time: [22:05 – 26:15]

• Regional casino operator, just two locations, but stellar stock performance (50% rally past 12 months).
• Outperforms larger, international operators due to focus, clean balance sheet, regular buybacks, and insulation from overseas risks.
• Cramer recommends waiting for a pullback before buying due to recent gains and current risk environment.
  • “It’s much easier to own a stock like Monarch than it is to bet on those other major players.” – Jim Cramer [25:54]

C. Waters Corporation (WAT)

Time: [29:11 – 34:52]

• Interview with Dr. Udit Batra, CEO: Waters, now the best performing S&P stock, secures its reputation as the “arms dealer” to the life sciences sector.
• Recent BD (Becton Dickinson) acquisition proves transformative, unlocking margin and growth upside.
• Strong 14% pharma end market growth, driven by innovation and instrument replacement – outperforms industry peers.
• Significant exposure to growth in regulated industries across the world, including China and India.
  • “You have to find pockets of innovation, pockets of growth. And the same thing we see in the microbiology segment, the diagnostic segment… Innovation is rewarded no matter where you are.” – Udit Batra [33:39]

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4. Financial Literacy with Haley Sachs, "Mrs. Dow Jones"

Time: [39:42 – 45:55]

• Sachs discusses her new book, Future Rich Person, and financial education for young people.
• Key tips:
  • "Action money": The surplus after expenses, needs to be put to work for wealth (emergency fund, debt payoff, investments). [41:17]
  • Cautions about “buy now, pay later” schemes due to high APRs and negative financial habits. [42:24]
  • Promotes emergency (“freedom”) funds to avoid a financial spiral when crisis hits. [42:42]
  • Endorses Health Savings Accounts (HSAs) for long-term tax-advantaged wealth building. [43:47]
  • Tackles the “learned financial helplessness” among younger generations—a belief wealth-building isn’t for them.
  • Promotes hope and actionable steps throughout the book.
• Notable Quotes:
  • “There is absolutely nothing wrong with trying to be rich or being rich.” – Jim Cramer [44:21]
  • “Learned financial helplessness… the cards are so stacked against you. And housing costs, and student debt, and we’re on a floating rock and the world is burning… So I might as well just buy the shoes, go on the vacation, use the buy now, pay later…” – Haley Sachs [44:47]

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Timestamps for Important Segments

• Data Center & AI Revolution Overview: [00:46 – 10:23]
• Rockwell Automation Interview: [13:48 – 20:44]
• Monarch Casino Stock Deep Dive: [22:05 – 26:15]
• Waters Corp CEO Interview: [29:11 – 34:52]
• Lightning Rounds (Q&A): [10:23 – 12:21], [35:12 – 39:28]
• Financial Literacy w/ Haley Sachs: [39:42 – 45:55]

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Notable Quotes & Moments

• “AI is inexorable, it’s fierce and it’s making believers fortunes.” – Jim Cramer [09:40]
• “There’s not another company that has as much technology in American manufacturing as Rockwell.” – Blake Moret [20:15]
• “Innovation is rewarded no matter where you are.” – Udit Batra [33:39]
• “There is absolutely nothing wrong with trying to be rich or being rich.” – Jim Cramer [44:21]
• “Learned financial helplessness… the cards are so stacked against you... So I might as well just buy the shoes, go on the vacation, use the buy now, pay later…” – Haley Sachs [44:47]

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Summary Takeaways

• The technology and AI-driven data center “economy” is rapidly transforming the market, with major beneficiaries ranging from power generation to chips to infrastructure providers.
• Stock picking in these areas (rather than broad index funds) offers outsized opportunity according to Cramer’s buy list.
• Regional, focused companies (e.g., Monarch Casino) are outperforming larger, globally-exposed competitors due to clarity and insulation from geopolitical turmoil.
• Innovation and operational excellence can still produce big market wins (see: Waters Corp).
• Financial literacy and breaking out of “financial helplessness” is critical for the next generation; take actionable steps (emergency fund, HSA, investing action money) for future wealth.

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This episode offers a grounded, actionable roadmap for understanding the AI/data center boom and investing in the companies poised to thrive, peppered with rapid stock analysis and practical financial wisdom for listeners at any age or stage.

Transcript

[Geico Narrator]

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[Podcast Host]

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[Jim Cramer]

It feels good to Geico Introducing Fidelity Trader plus with customizable tools and charts you can access across all your devices, try our most powerful trading platform [e-mail] TraderPlus investing involves risk, including risk of loss.

[Podcast Host]

Fidelity Brokerage Services LLC Member nyse, SIPC

[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 Start now. Hey, I'm Kramer. Welcome to Mad Money. Welcome to Crame America friends. I'm just trying to make a couple of bucks here. My job is not just entertain but to put this in context. So call me at 1-873CNBC. Tweet me at Jim Cramer. Something seismic happened this earnings season and the market is still trying to come to terms with it. We've seen an explosion of profits from all sorts of companies that are connected Data center the revolution putting companies that we typically associate with the so called real economy. You can't always tell the gains from the sector because it's well by looking at the averages. They don't tell you that today is pretty good. Dow gaining 356 points. S&P climbing.81% NASDAQ jumping 1.3%. But this is an incredible shift. It's an incredible moment for the data center place and pretty much nothing else. Almost everything else is kind of blah blah except on days of course when Iran blows something up and oil goes higher. Thank heavens that didn't happen today. The study gains we're seeing in stocks like AMD after tonight's close. Beautiful Intel, Sandisk, Micron Coherent even though and many others are driven by a coalescence of three themes. And tonight I want to go through them and then give you the best examples of what getting of what's going to go higher with this fire hose of money coming at it. So you better get ready and write them down first. Why is so much money being funneled into anything connected to computing and the data center? I found out why yesterday when talking to Andy Jassy, the CEO of Amazon in Seattle. Sometimes you got dual traveling data centers are about to give the believers extraordinary returns. I mean, unbelievable returns. The money's worth it. We just can't tell it yet, because right now there are only two publicly traded winners, Amazon and Alphabet. After talking to Andy, I now believe that both Amazon Alphabet have insured years and years of colossal profits because they're spending tens of billions now to make hundreds of billions later. But it's hard to see that because the other publicly traded companies in the data center race, Microsoft Matter, seem at this point to be, well, losers or, or at least their stocks. The only score that I know, of course, say so. Microsoft appears stuck with old software that has fallen out of favor with the market. And Meta doesn't have a cloud business to help offset the losses from the myriad initiatives away from Facebook, Instagram and WhatsApp. Really smart Raymond's.

[Caller]

I love them.

[Jim Cramer]

I love them. Don't be wrong. Aren't going to bring the profit a cloud business would. For the quizzical matter, even a sales from traditional businesses were spectacular this quarter. Nobody cared. Second reason a lot of this data center investment is hidden because it's coming from two companies that aren't public yet, Anthropic and Open AI. They are growing so fast, no one's ever seen anything like this. And they're so obviously in need of datacenter equipment that their demand can transform Amazon Web Services or Google Cloud or Microsoft Azure into some of the biggest businesses on Earth. Problem is Amazon Web Services, Google Cloud, Microsoft Azure are already subsidiaries of literally the largest companies on Earth. They were independent. Their stocks would never quit. That said, Anthropic and OpenAI remain amazing clients. They can't seem to spend enough, and boy, they have it. They have hundreds of billions of dollars, and that reverberates throughout the data center network. Just this very evening, we heard stories about how Anthropic might be buying $200 billion in chips and cloud storage from Alphabet, sending that stock soaring after the bell. That's precisely what I mean when I say it's architectonic. It's seismic. It's incredible. Third reason until this quarter, we didn't realize that there was a coherent narrative developing here. I thought it was going to be the fourth Industrial Revolution. Something was propagated by Nvidia, with which, after pioneering this move, feels like its stock is being left behind. Even if that seems like a preposterous assertion. The narrative, though, is the elevation of artificial intelligence computing and all of its accoutrements as the most important transcendent force in the American economy. Today day it's now too big and growing too fast to think that it's just a sector. It's an economy within itself. So you have a well financed revolution that's already making money. For the leaders, it's making money. And now those gains are spreading through the almost the entire economy. It's the ripple. I'm going to walk you through the wide range of winners. So you know what the heck I'm talking about you. We know the whole computer complex needs power, right? That's why you have stocks like a market electric power Semper. These are to Vista Constellation. They are with. They're going higher even as interest rates are going up. Normally that interest rates going higher is a bad thing. For utilities the linkage is broken because the demand for power from the data centers. You have G Renova which spent years under G as a struggling builder of turbines suddenly on its own. And what is it doing? It's printing money. It's how you have a natural gas company like equity roaring because you need that NAT gas to burn. Then there's the red hot Bloom Energy with its non combustible energy generation. Stock is a rocket ship. You need the chips too. That means Nvidia of course restarted or remains the largest company on earth. But there's also competitor AMD again. Fantastic job tonight Lisa Sue. Be on tomorrow morning. Squawk the street. There's memory and data storage with the now familiar Sandisk. You know the one that was up 4,000% in a year as well as Seagate, Western Digital and Micron for semiconductor manufacturing. What do we have? We had asml, we applied Materials, LAM Research and kla. We got chips from Google and Amazon that are first rate. And then there are the new agents to do things that are powered by CPUs from AMD, ARM Holdings, Intel. Hence why the latter stock can't seem to stop it at all. These, all these CPUs they didn't seem to be worth anything. They're gold. None of them saw this new computer economy coming except for video. So all are short on product. They don't have enough everything I just mentioned there's not enough supply. We don't have enough compute, we don't have enough components that would let us make more. It's a gigantic shortage. Then there's the infrastructure that's all belt Dell which makes the servers, the factory if you will, inverter for cooling, Corning for the connecting fiber as well as Arista Sienna, Cisco for the networking equipment. There's Lumentum in Coherent Advanced Fiber optics, Eaton for the electricity you need. By the way, that got hit. That was ridiculous. Just go buy that one. I'm not kidding said we own it for the trust it got hit ridiculously we bought some today. You need backup power. That's Caterpillar incumbents and generic. As for the actual builders, Core Weave, Oracle, they're the ones putting them up as well as some private equity firms, Brookfield Blue, Al, Blackstone among many others. Nucor makes the steel quantum hooks up everything up to whatever source the builder needs. Sterling Infrastructure does a lot of the building too. In the roads to it reported tremendous quarter last night. How tremendous? It jumped 276 points or 52% today. How's that versus your index fund? What else? You need to have cloud infrastructure to run the models. Think Google Cloud, Microsoft Azure, Amazon Web Services. You also got that stuff that matter Microsoft. I mean that matters up to Microsoft. Is Azure finally sitting on top? There's the in the interface that started it all. Chat GPT from OpenAI along with Claude from Anthropic, Gemini from Google and several others. Here's what you need to know about this compute LED AI economy. It's so much broader than anyone ever seems to believe, especially even just two years ago. Apple uses Gemini for its AI, so that's a gigantic number. They have 160 million people in America that have Apple phones. Maybe they're going to be on Gemini all the time. Almost every retailer is in the cloud, but 80% of the businesses haven't yet gone to the cloud. That's going to change. With component costs like memory rising so much it's too expensive to keep your data at home on premise. The list of what lives in the segment is endless. And it's all part of the fourth industrial revolution, the computer economy that changed the face of a country that was 3/4 consumer and 1/4 industrial and agriculture until now. I'm going to say something bold I can't see anymore. I wouldn't be surprised if AI is big enough to eventually become a quarter of our huge economy. Taking a chunk out of industrial and consumer no one's thinking like what I just said. No one. Three years from now, it's possible that my one quarter estimate will look like a low ball number. Other than Jensen Huang from Nvidia, I don't know a soul who saw this thing coming years ago, which is why we have so little equipment built out and there's such a shortage of Everything I just mentioned. That's why these stocks are going up by leaps and bounds. Regardless of the war, the price of oil, the composition of Congress. Here's the bottom line. AI is inexorable, it's fierce and it's making believers fortunes. Those who don't see it and are stuck in enterprise software or sitting out tech entirely are missing enormous gains. It ain't done. Those with S and P index funds get a small diluted piece of the action. Those who pick the right stocks could get it all. Because I just gave you the buy list for 2026 and beyond. Kyle in Pennsylvania. Kyle.

[Caller]

Hey, Mr. Kramer. Those Sixers go birds and go flyers. My question is about Oracle. But their stock still down more than 40% from all time highs. Do you see it getting back to their all time high level?

[Jim Cramer]

I think that that last quarter was very good. And people embedding against Oracle, I think that's a bummer bet. I think that you should go with Oracle. I wish they get rid of Cerner to take the darn charge. Let's go to Frank in New York, please.

[Caller]

Frank, hi, this is Frank Saranelli from Syracuse, New York. I got this stock of Celestic years ago when that. When it was like $5 and that's 425. What do you suggest I do?

[Jim Cramer]

Which stock is. I'm sorry, Celestica. What do I suggest you do? Okay, I want to take. If you haven't that long, I want you to take your cost basis out tomorrow and then you're in the enviable position of being able to let the rest run. Because you're going to be placing with the. You'll be playing with the house's money and there's not playing with the house's money which every one of those stocks that I just mentioned, a lot of house money involved there too. Look, AI is making believers fortunes, it just is. You know, we could all deny it or say can't last or that people been to casino attached to whatever, I don't care. This is a game of skill, not of chance. And I just give you the buy list which is of skill not of chance for 2026 everybody. Tonight rock Automation on my. Another winner. The data center soaring after earnings. One of the best performers of the day. I'm getting more color in the quarter straight from the CEO. And how are the casino stocks hold building up amid all this global turmoil. I'm checking in on a smaller guy, see whether the stock can spread its ways and fly. And life Science device company Waters just reported a quarter of proving that Wall Street's got this wrong biggest gainer in the SB today. I'm gonna get the latest with the company's top brass. I want you to stay with the data center and stay with Kramer.

[Podcast Host]

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

[Charles Schwab Announcer]

Head to madmoney.cnbc.com trading@schwab is powered by Ameritrade, giving you even more specialized support than ever before, like access to the trade desk. Our team of passionate traders ready to tackle anything from the most complex trading questions to a simple strategy. Gut check. Need assistance? No problem. Get 24. 7 professional answers and live help and access support by phone, email and in platform chat. That's how Schwab is here for you to help you trade brilliantly. Learn [e-mail] trading what made you confident

[Haley Sachs (Mrs. Dow Jones)]

that you could do something that hadn't been done before? I have no fear of failure.

[Julia Boorstin / Disclaimer Voice]

Trailblazing women, changing the game.

[Haley Sachs (Mrs. Dow Jones)]

One of my favorite pieces of advice, Think about what your boss's boss needs. Leadership can look in many, many different forms. It really does come down to just trusting yourself. Life is short and you just gotta think big to accomplish big things.

[Julia Boorstin / Disclaimer Voice]

Julia Boorstin hosts CNBC Changemakers and Power Players. New episodes every Tuesday, wherever you get your podcasts.

[Jim Cramer]

All right, how about this incredible run in Rockwell Automation? The company dominates the US Market for what are called programmable logic controllers, basically industrial computers that are the brains of manufacturing operations. This morning, Rockwell Automation reported a terrific quarter. Their E commerce and warehouse automation sales were up roughly 30%. Their data center business more than double. Stock then jumped nearly 9% today. Of course, in response to that, it's now up more than 71% over the past 12 months. So can it keep running? Let's check in with Break Verrett. He's the chairman and CEO of Rockwell Automation. To find out. Ms. Marin, welcome back to Money.

[Blake Moret (Rockwell Automation CEO)]

Jim. It's good to be here.

[Jim Cramer]

I'll tell you something, Blake. I looked at this, this mosaic of what you've done. It's kind of what we hoped America would be doing. When we spoke at the beginning, which it looks like a combination of reassuring compute of the return of compute, the idea that we can make things here. This all came together this quarter.

[Blake Moret (Rockwell Automation CEO)]

It did. We had a great result you know, our offering across a broad swath of American manufacturing, but really around the world to demonstrate the impact of the technology with an engaged workforce. And as you said, it was E commerce, warehouse automation, data center, semiconductor, energy markets. We had, you know, good growth in automotive and consumer packaged goods. So it really was broad based in the quarter.

[Jim Cramer]

But we saw you at your convention last time and you said that people seem to be very interested. Did it turn into some serious orders and are those orders being done?

[Blake Moret (Rockwell Automation CEO)]

Right now we're seeing double digit growth in orders to increase capacity in the U.S. we're definitely seeing the optimism around the focus on American manufacturing. We're thrilled to see more people recognizing the role that manufacturing plays at the real core of the economy.

[Jim Cramer]

Now, do you think the one big beautiful bill helped with accelerated depreciation?

[Blake Moret (Rockwell Automation CEO)]

Well, I think the bill and tax certainty, having a stable statutory rate, some of the benefits like bonus depreciation, particularly for small and medium sized manufacturers, I think those do help.

[Jim Cramer]

You know, I think a lot of people on Wall street did not think that those things matter because they don't work in real companies. Real companies. That changed the mind of a lot of people in terms of expanding, didn't it?

[Blake Moret (Rockwell Automation CEO)]

You know, it's as I said, it's the combination of an engaged workforce with the technology. And that technology certainly includes artificial intelligence. But it's also the traditional sources of value in factories, as you said, the program controllers, the power control, all of those things matter. They matter in data centers. They matter when you're assembling vehicles, they matter when you're moving energy.

[Jim Cramer]

How is it possible that software and control could have 17% organic? I did not think that was possible.

[Blake Moret (Rockwell Automation CEO)]

So, you know, at the heart of that business is the logic. Logic's programmable controllers. And we saw growth of over 20% in that business. It's in traditional industries for us like food and beverage and automotive assembly. But it's also in new areas like data center as people are using those controls to manage the environments in these data centers.

[Jim Cramer]

A lot of people have been, I guess, taken by surprise at all the construction in data centers and demand for memory. And I wanted to know whether you find that people were like, holy cow, I got to put some money in this because it's a great opportunity. Or is it meeting? Are those people meeting the demand of customers? Because it's extraordinary. We were at Amazon. Extraordinarily powerful wave of demand.

[Blake Moret (Rockwell Automation CEO)]

It is. And our participation in data center construction is in a few areas. So the power distribution is something that we participate in, as I mentioned, the building management, being able to control the temperature, the cleanliness of the air, the safety systems, we're seeing some of that demand indirectly through that H VAC supplier. So when you put a new chiller in, it typically is going to have a lot of our equipment as well.

[Jim Cramer]

Yeah, I think people don't understand that just because it has a name of a. Of a vertiv. There's a lot of companies that are involved. It's not just Vertiv the whole way. Now, E Commerce, warehouse automation is that when a company just gets all the boxes and they're trying to figure out how to do it and they don't want humans to do it because it's a dull, dirty, dangerous job.

[Blake Moret (Rockwell Automation CEO)]

Well, there's different aspects to that vertical end market for us. So there is some of our data center participation that's reflected in our great growth in E Commerce and warehouse automation. There's also the parcel handling companies, there's E Commerce and the fulfillment centers, and then there's the whole business that we've called production logistics of being able to bring material to the line in a consumer products company and take the finished goods away either to the loading dock or the warehouse. So there's different facets of that business and all of those areas are investing heavily.

[Jim Cramer]

Well, I want to congratulate you. There are a lot of companies that were in your business, say 15, 20 years ago, and they gave up because they thought it'll never happen, there'll never be a renaissance. How did you know that to stay in, stick to your knitting and not go do some crazy thing that wouldn't make any money for shareholders?

[Blake Moret (Rockwell Automation CEO)]

Well, you know, we focus on the production space. I've been in that business my entire career. We have a lot of people in the company who only know this business. And by adding the new technologies, artificial intelligence at the head of the line to the traditional sources of value and the domain expertise that we have loads of, we found that we've been able to provide significant value to these customers who recognize that if they're going to make it in America, they need to combine that technology with an engaged workforce. We're in a great spot. There's not another company that has as much technology in American manufacturing as Rockwell.

[Jim Cramer]

And I got to tell you, I think we're like in the second or third inning and no more than that. Blake Perez, Chairman CEO of Rockwell Automation, they know how to do this. Blake, thanks for coming on the show.

[Blake Moret (Rockwell Automation CEO)]

Thanks, Jim.

[Jim Cramer]

Bad bunny's back in.

[Podcast Host]

Coming up, you called in about one of the few casino stocks that has been beating the house this year. Kramer's breaking down why Monarch Casino has been an ace Next

[Charles Schwab Announcer]

Trading at Schwab is powered by Ameritrade, giving you even more specialized support than ever before, like access to the trade desk. Our team of passionate traders ready to tackle anything from the most complex trading questions to a simple strategy. Gut check. Need assistance? No problem. Get 24. 7 professional answers and live help and access support by phone, email and in platform chat. That's how Schwab is here for you to help you trade brilliantly. Learn [e-mail] trading what made you confident

[Haley Sachs (Mrs. Dow Jones)]

that you could do something that hadn't been done before? I have no fear of failure.

[Julia Boorstin / Disclaimer Voice]

Trailblazing women Changing the game One of

[Haley Sachs (Mrs. Dow Jones)]

my favorite pieces of advice Think about what your boss's boss needs. Leadership can look in many, many different forms. It really does come down to just trusting yourself. Life is short and you just gotta think big to accomplish big things.

[Julia Boorstin / Disclaimer Voice]

Julia Boorstin hosts CNBC Changemakers and Power Players. New episodes every Tuesday, wherever you get your podcasts.

[Jim Cramer]

Last Wednesday I got a call from Todd in California who stumped me by asking about Monarch Casino and Resort, which is a $2 billion company with just two locations, one Arena Nevada and another one outside of Denver. I told him I'd circle back after doing some homework because I didn't know this one and you viewers deserve a considered deep dive. Turns out in the past 12 months Monarch Casino and Resorts has rallied nearly 50%, trouncing both the S&P 500 and its larger rivals in the casino space. In fact, the Stock's up almost 25% year to date. Even a skyrocketing gasoline prices have put immense pressure on the likes of Las Vegas Sands Resorts. It got me wondering why this stock seems to be running circles around the larger operators. So let's talk These guys started as the Atlantis Casino Resort spot in Reno, one of the nicer places to stay in Nevada's second best town for gambling. Over a decade ago, they bought their second property in Blackhawk, Colorado, the Monarch Blackhawk, which is about 40 miles west of Denver. Together, these two properties have combined to make a pretty nice business for Monarch, a stock that keeps it in new all time highs. And look, this thing deserves its incredible rally. Monarch reported triple quarter a little over two weeks ago. Model's got a clean balance sheet with basically zero long term debt. Regular capital investment at both properties take market share from their competitors and steady cash return for shareholders in the first quarter, the company spent nearly $18 million on buybacks, a little less than 1% of the current market cap. That's on top of $72 million for the buybacks last year. Now look, it may not sound that much. It's $2 billion company. How about the stock itself? Well, Mark, now it sells for roughly 18 times this year's earnings estimates. And given its growth rate, I think that's a fair price. This is clearly a good one. Although I'm wary of getting too bullish on a consumer discretionary name right now with the price of gasoline going ever higher. Still, we need to understand this story and how come Monarch keeps outperforming the heavy hitters in the space. Most of these stocks have been hammered since the war with Iran started. Okay, because oil spike, people are very worried about the state of consumer. Now you know that. I think the real problem with the big international casinos though is not the state of consumer here, it's state consumer overseas. For example, the large casino company Las Vegas Sands is now exclusively a non U. S company. It's got properties in Macao and Singapore, nowhere else. And the Iran induced oil and gas shock is hitting East Asia much harder than it is usually when resorts still gets the majority of its earnings from America. But nearly half of the business comes from Macao, which is their number one growth property. They're also building a casino in the UAE near Dubai. And we know that's a problematic place for tourist destination in retrospect is also an ill advised choice because, well, we all know what happened. Compared to those two MGM resorts has been a much better place performer, up almost 4% year to date. In large part because it gets 55% of its business from Vegas, another 22% from regional casinos spread across the country. Only 23% of the business comes from Macao. Say what you will about America, we got our own natural gas supply, which is why our economy is more or less insulated from the economic collateral damage of the world. Though there's no denying higher gasoline prices hurt. At the same time, if you own a small regional casino company like Monarch with just two locations to focus on, it's a much easier story to follow. And unlike when you don't have to worry about things like corruption crackdowns or property value crises in China or war in the Middle east delaying your casino near Dubai. So here's the bottom line. Todd in California brought us a good one with Monarch Casino and resort. It's a nice clean story in the regional casino space and you could do far worse than owning a focused operator that's steadily growing its market share and putting up consistent growth. That said, the stocks already had a big move. So if you want a piece of it, here's what I recommend. Wait for pullback before you pull the trigger. If the world comes down a bit and China and the Middle east go back to being attractive again, then the big international casino plays might go back to being better investments. For now though, it's just much easier to own a stock like Monarch than it is to bet on those other major players. Is it? Let's go to Will in Colorado. Will.

[Caller]

Jim, good speaking with you again, man. Club member. Loving it.

[Jim Cramer]

Oh, thank you, Will. Thank you for being a club member. What's up?

[Caller]

I appreciate it, but with all the competition and streaming, you know, like Disney, is Netflix a bye bye bye?

[Jim Cramer]

Well, okay, it's not a bye bye bye because we're still. It's a quizzical moment for Netflix because they went and they did that ill fated attempt to be able to get Warner Brothers discovery. And because of that, people feel that they must need that property. We have to wait one more quarter and then I think people realize, no, they just did. It would have been a good idea. Let's move on. Let's go to Rory in Connecticut.

[Caller]

Rory, hi. Booyah, Jim.

[Jim Cramer]

Booyah. Rory, what's going on?

[Caller]

It's Laura. It's Laurie.

[Jim Cramer]

Laurie, I'm sorry. I'm sorry. That's ok. Lori Cox from Disney. Nice. Hey, nice quarter. Okay, go ahead.

[Caller]

Thanks for taking my call and all your hard work. This stock year to date return is negative 21% due to the Middle east conflict. Do you think Booking holdings is a buy at this time?

[Jim Cramer]

I don't think this war. I know this war. Supposed to be a short war. I mean, short war. So far, you know, I don't know how you can really gauge a short war because like war is inherently ungaugeable. Engageable. Engage, ungageable. So I know booking, I think booking in the casino, I mean booking and the hotels and the certainly the cruise ships, we're just not going to stick our necks out right now. It's just not worth it. Not when we got the data center theme. Look, I think this Monarch's a nice clean domestic story, but I'd still wait for a pullback. It's much easier, it's much easier to own it compared to some of the big casino plays because they have so much international. And that's what Lori, when she talks about Buckingham's. No, thank you now much more Man Money ahead, including my exclusive with today's best S and P performer, Waters Corp. Then I'm here to educate and teach. That's why tonight I'm checking in with someone who's been essential to helping young people manage their money on social media for ages. Don't miss my sit down with Mrs. Dal Jones herself, Haley Sachs and all your calls. Rapid fire in tonight's edition of the Lightning Round. So stay with Kramer. Can you believe these incredible numbers from Waters Corporation? This is the arms dealer of the life science industry. Recently acquired Beckton Dickinson's biosciences and diagnostic business. A deal that Wall street initially greeted with immense skepticism. Candidly, except for me. But now we got the first quarter, the Mind company and the numbers were just excellent. That's why the stock shot 13.5% today. Make it the best performer in the s and P500. So let's dig in with Dr. Udit Batra. He's the President CEO of WatersCorp. To learn more. Dr. Batra, congratulations. Welcome back to Man Money.

[Udit Batra (Waters Corporation CEO)]

Jim, thanks for having us. Wonderful to be with you.

[Jim Cramer]

Now I've got to tell you, when the deal was announced, your stock got hit and I recognized how good these properties were, but I had no idea that you could get this much out of them. Why don't you tell people about what you were looking for and what you got? Because it really says to the naysayers, you don't know what you're doing with this company.

[Udit Batra (Waters Corporation CEO)]

Jim, again, thank you for having us. Look, we are. Waters is a downstream high volume regulated player. I mean think quality control of medicines. The last time we spoke, we spoke at length about it, right? So purity of medicines. We, we basically developed instruments, software reagents to ensure the safety of these medicines and more. Now more and more complex biologics. We've taken leading brands in these segments and introduced game changing products. And that has led to the growth and margin expansion that you've seen with Beckton Dickinson's businesses. We saw exactly the same type of end markets with regulated high volume settings. Think microbiology, right? So every, every year, 1.7 million people get sepsis in the US alone. Roughly 300,000 of these people die. And the BD brands are a leading player in the microbiology business. So it looks exactly like the Waters business feels exactly the same. And tremendous synergies on the biologics testing and reagent side. So very excited about it and very happy with the progress we've made so far.

[Jim Cramer]

Well, I also should put up. Obviously Old Old Waters did amazingly well and you are doing well. I want to just bring this out high volume life science applications. There are a half dozen companies that I watch in this industry. Do you know that almost every one of them is missing their numbers? Missing their numbers, Missing numbers. And by the way acting as if it's not their fault. You obviously were not willing to take that. That's never been your approach to say what could I do? That's not you at all.

[Udit Batra (Waters Corporation CEO)]

So Jim, look at again goes down to the choices we've made, right. We're downstream within these regulated applications. Our software is used to submit data for 80% of innovative pharmaceuticals to regulators around the globe. So we enjoy this, this privileged place in the pharma industry. Our pharma end market this quarter grew 14% and this was broad based growth. Growth in the US and Europe led by the large pharma industry were replacing their old instruments with innovative products. India grew in the mid teens with the genetics basically driving that growth. And China grew over 50% in the pharmaceutical segment. So we're very happy with what we're seeing on the base business and I'm incredibly proud of my colleagues who work day and night to make this happen. I just get to represent them all

[Jim Cramer]

right now you tell them I feel that way because boy am I ever sick of the people who keep doing these alibis. Analytical sciences division, fabulous growth, lots of good nameplates there. But you say 14% pharma growth driven by instrument replacement cycle, new product innovations, bio separation idiosyncratic growth drivers with ramping GLP1 manufacturing volume. So you're talking about some marquee clients there.

[Udit Batra (Waters Corporation CEO)]

Yes, I mean we are the largest supplier of separation columns. I mean here's one of them. These basically are used to separate out different types of molecules, different types of peptides for both of the large GLP1 manufacturers. Our columns are used in quality control. So as the volume goes up for injectables or orals or as these things get geneticized, they use these, these columns and that drives the growth of our GLP1 segment of the business. We're also a leader in BFast testing, assuring the, the safety of the food that we eat, the water that we drink. Right. So we are in again these high volume settings within innovative products. And when you, when you stay with pharma, I mean look, they're spending again to expand in the US as well.

[Jim Cramer]

Right.

[Udit Batra (Waters Corporation CEO)]

The reshoring of a lot of the pharma manufacturing facilities will also be a tailwind to our business. Because when you manufacture, you use more columns, you use more instruments.

[Jim Cramer]

Now, do you think that there's a time I'm looking at the advanced diagnostics division where we just have to say, you know what, China, we can't be all in China. It's not going to come back. Or is it just worth it to hang in? I think.

[Udit Batra (Waters Corporation CEO)]

Look, Jim, like every market, innovation is rewarded. So again, let's stay with pharma for a minute. The genetic segment of pharma in China has been declining for many years due to price restrictions. This has been happening for a while. But the innovative segment, they basically are the leading biotech industry right now globally. Roughly one third of the molecules that are in licensed by large pharma today come from China. This then leads to the growth of the contract manufacturers and they're trying to build their own version of a Pfizer or an Astrazeneca or a Roche and they're doing the end to end drug discovery and development and that's why that business grew 50%. So you have to find pockets of innovation, pockets of growth. And the same thing we see in the microbiology segment, same thing we see in our diagnostic segment. Yes, there are pieces that are under pressure, but innovation is rewarded no matter where you are. And China is not.

[Jim Cramer]

All right, fair enough. Well, you've got the optimistic attitude that I like so much. That's Udif Artery, the president CEO of Waters Corporation. Best performing stock in the S and P today. Deserving. Thank you, sir.

[Udit Batra (Waters Corporation CEO)]

Thank you.

[Jim Cramer]

Yeah, N Bunny's back after the break.

[Podcast Host]

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

[Jim Cramer]

It is time. It's time for the blight mountain bats. We're about to go road. You see him as stock trader. Buy, sells. The sells. And of course that time it's that crystal might be playing this out. And then the lightning round is over. Are you ready, ski daddy? Come to the random quiz. We might start with Charles in North Carolina. Charles. Yeah. Booyah, Jim. Booyah.

[Caller]

My stock is Scott's miracle grow smg.

[Jim Cramer]

You know it's too risky. I will use the natural and organic this year. My problem is is that it is if the weather's no good, they do bad and my tomatoes rot. Let's go to Tim and Massachusetts.

[Caller]

Tim. Hey Jim, thanks for taking my call.

[Jim Cramer]

Of course, Jim.

[Caller]

Santander bank just had a record breaking quarter. I'm wondering if you're still bullish on the bank and if you like the acquisition With Webster Bank.

[Jim Cramer]

I. Not only do I like the acquisition, but I thought it was so good that actually wrote the CEO of the chairman, Anna Boutine, saying that is some franchise because I owned it when I was a hedge fund manager 20 years ago by Banco Santander. Let's go to Rick in New York. Rick.

[Caller]

Hey, Jim. Thanks for taking my call. My question is about USA Rare Earth.

[Jim Cramer]

No, the only one we're recommending in that area is MP Materials. Let's go to Rob in Massachusetts. Rob. Boxing sport. Booyah.

[Caller]

Gym.

[Jim Cramer]

Oh, yeah. Stock for like five years now down about 75%. Yields around 10%. I think it's best of breed if

[Caller]

they cut that dividend, is that time

[Jim Cramer]

for me to pull the trigger in Alexandria real estate? No, as a matter of fact, both Don Wood. Don was last night said it. He was so bad that he didn't get into this life science world. I know that Deborah Caparo didn't either. They know more than I do, I say. Now let's go to Dante in Texas. Dante.

[Caller]

Professor Kramer. Booyah. Thank you for taking my call.

[Jim Cramer]

My pleasure.

[Caller]

Has a massive LNG project under construction in the port of Brownsville, Texas. I've been following it for a while through its surges and pullbacks. But now I'm at a crossroads. Is now the time to buy more, sell and lock in profits or hold for the coming years? The company is next decade and exp.

[Jim Cramer]

Okay, I think you can go higher because of the need for more lng. I think it's an okay idea. Not great. I happen to like others better. But you know what? It's fine. It's a nice spec. Let's go to Michael in Florida. Michael.

[Caller]

Hey, Jim. My stock is, I guess now a data center Stock share price exploded in the last two weeks. So do you think it's a buy? And if so, what is a good entry point? The stock is Max Linear.

[Jim Cramer]

Okay. Max Linear is probably going more up more parabolic than any other stock in the market. So therefore I have to say you got to wait for that thing to come down. It's painful. Painful for me to tell you to get in here. And I'm watching AMD Parabolic and I'm just saying how many can go parabola? Let's go to Susan in North Carolina. Susan? Hi, it's Suzanne. That's okay.

[Caller]

Like Suzanne Summers. I inherited a lot of styles, but one is Altria Group.

[Jim Cramer]

Okay, Altria is, you know, that's Marlboro man. I don't recommend the tobacco stocks. I will tell you since you have it already. It has gone parabolic too. And I think you should ring the register and have the the position. Let's go to George in Florida. George.

[Caller]

Oh yeah, Jim. This stock of mine has had a phenomenal run the last few weeks and I just wanted to get your thoughts on how much Runway you think it's got left. The stock is Mastech Mazda.

[Jim Cramer]

We have Mr. Maz. So we're going to be did the University of Miami show which was so terrific. And I would tell you this, it is another company that I would have included at the top because it's such a great one for the data center. And that, ladies and gentlemen, is the conclusion of the Lightning Round.

[Podcast Host]

The Lightning Round is sponsored by Charles Schwab. Coming up, she's helped young people learn how to better manage their money online. And now Mrs. Dow Jones is joining Kramer to teach you some more.

[Jim Cramer]

Next. I've always been a big believer in trying to spread the word about managing your own money. It's something we don't really teach systematically in this country. That's why I'm a big fan of anyone who can help spread the message, especially younger people because I'm a baby boomer with adult children. So I'm losing my touch with that demo. The sound effects only go so far. Which brings me to Haley Sachs, better known online as Mrs. Dow Jones. She is the most successful financial influencer out there. She's basically turned financial literacy into a brand with 1.3 million followers on Instagram, a newsletter with over 100,000 meters, a Sony backed podcast called Financial Tea and new people book future rich person which could be you coming out next week. So let's dig deeper with Haley Sachs, better known as Mrs. Dow Jones. Haley, I am so thrilled to have you on Mad Money.

[Haley Sachs (Mrs. Dow Jones)]

I can't believe I'm here. I told you, I listen every morning.

[Jim Cramer]

Thank you. First, I want to say this is an incredibly important book. It's important because there are too many people who are in denial. Too many people are sad sacks, so to speak because I know sack, I work that in. And too many people who get rich if they just stop complaining and spending.

[Haley Sachs (Mrs. Dow Jones)]

That's 100% that we got. So in our own way. But we also need the rules right now.

[Jim Cramer]

I will tell you that there are things here that I learned and I learned big and I did not know. First of all, let's do with the generate action money because this is something that I got to get into my kids heads.

[Haley Sachs (Mrs. Dow Jones)]

Yes. So basically action money is the money left over from your income after you subtract, subtract your expenses and your wants to a certain extent. And so you need to have that money left over, Jim, to actually use to build wealth. And depending on where you're at in your financial journey, that goal could be, you know, using it to save your emergency fund. It could be to pay off high interest rate debt. Or if you really want to become a future rich person, you can use it to start investing.

[Jim Cramer]

Well, I think, I mean, just point blank, you're right there. Why Amal, in the stock market, historically it wins. And I'm so glad you put that. You could have spent page after page doing it, but there it is. And one of the things I just adore about your book is it's hard. It's like here not hard to read, but it's like this is the way it's going to be. And I love that you even say that I'm right. But the fact is you are. The things that are in here are right now. I learned so much for how about this? If you buy now, pay later, which I have praised on the show. Well, because I. Well, I learned the APRs are pretty darn big.

[Haley Sachs (Mrs. Dow Jones)]

Oh my gosh. They're bigger than credit card companies and they affect your credit score. And it creates this crazy cycle of spending where you start to think that it's good to take out debt for like clothing items and burritos. It's not a good look.

[Jim Cramer]

No, absolutely not. Need. And for an emergency fund, I love that people don't have it. No.

[Haley Sachs (Mrs. Dow Jones)]

And I think especially for, I mean, I call it in the Book of Freedom fund. And I talk about this girl who lost her job, didn't have her freedom fund, and then put her apartment on Airbnb to try and make up her rent and ended up they gave her bedbugs, which is horrible. But then she got herself gym into such a deep financial pickle because she got evicted from the apartment. Apartment. She had to pay for that to be fixed. And then she, she was so much further behind than if she had just had the emergency fund in the first place. Because anything that can go wrong will go wrong. You have to protect yourself.

[Jim Cramer]

Yeah. I mean, that person was astounding in terms of like just being not real over overhead. I mean, a lot of the people. And I love the different anecdotes because you, I'm sure that if you're over your head, you feel like, okay, that happened to me, but I can get out of it. Which is why it's a Great book of hope. It's not just, it's not just about getting rich. It's about hope. Yes. Now I learned another thing here. I had always say in my books, Ira, Ira, health saving, health savings seems like better idea.

[Haley Sachs (Mrs. Dow Jones)]

Yes. Jim, you didn't know this?

[Jim Cramer]

Well, I mean, look, I'm, I'm in a certain bracket.

[Haley Sachs (Mrs. Dow Jones)]

Yeah.

[Jim Cramer]

Where it was not necessarily good for me, but at a time, there was a time when I should have gone this way.

[Haley Sachs (Mrs. Dow Jones)]

100%. If you have a high demand deductible health care plan, you need to be maxing out that health savings account that comes with it and putting it in the market. And that is a triple tax advantaged account. So you put in tax free money, it grows tax free and then you get to take it out in retirement to use on medical expenses tax free. And the average American has over $300,000 in medical expenses in retirement.

[Jim Cramer]

And you said that that's the fastest way for bankruptcy. It's the most people get bankrupt from that 100%. And then I just want to point out something that you do that I think is great. There is absolutely nothing wrong with trying to be rich or being rich. Yes, there is. You say in the book several times this kind of subtle, I can't do it. Then it translates into I'm never going to do it.

[Haley Sachs (Mrs. Dow Jones)]

Yeah.

[Jim Cramer]

And you, you debunked that.

[Haley Sachs (Mrs. Dow Jones)]

That is like a big reason that I wrote this book because I see it so much in my generation and in Gen Z too, where we have. I coined the phrase in the book something called the learned financial helplessness. And it's when you just. Fantastic. Yeah. The cards are so stacked against you.

[Jim Cramer]

You know, I.

[Haley Sachs (Mrs. Dow Jones)]

And housing costs and student debt and we're on a floating rock and the world is burning and like. So I might as well just buy the shoes, go on the vacation, use the. Buy now, pay later and spend money instead of actually use it to grow

[Jim Cramer]

well and try to pay for your dinner. And the cars maxed out. There's nothing they could do. But you're kind enough to lean over and say, you've got that.

[Haley Sachs (Mrs. Dow Jones)]

Yeah, I got it. You've got to take. And that's another thing, money etiquette. You've got to be generous.

[Jim Cramer]

Absolutely. And I didn't even get to side hustle. There's so much I didn't get. Every page, every page is filled with ideas. And I got to tell you, I've written some books, but I didn't know a lot of this stuff. I want to thank Haley Sachs, also known as Mrs. Dow Jones and the author of the Future Rich Person, which could be you, but you got to get on the case, as you said. Well, you got to start.

[Haley Sachs (Mrs. Dow Jones)]

You got to start and this will teach you exactly where to start and give you the exact steps that you need to become a future rich person.

[Jim Cramer]

Well, I want to thank you. You know, I always like to say there's a bull market somewhere. I promise I find it just for you right here. Made money. I'm Jim Cramer. See you tomorrow.

[Julia Boorstin / Disclaimer Voice]

All opinions expressed by Jim Cramer on this podcast are solely Kramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates, and may have been previously disseminated by Kramer on tele radio, Internet or another medium. You should not treat any opinion expressed by Kramer as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Cramer'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 trading@schwab is powered

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