Mad Money w/ Jim Cramer 5/8/26

Summary

Mad Money w/ Jim Cramer - May 8, 2026

Episode Summary

Main Theme

In this episode, Jim Cramer dives deep into the semiconductor-fueled stock market rally, highlighting how demand for memory and data center stocks continues to drive indexes higher. Cramer explores whether it’s too late to buy into these trends, outlines a forward-looking investor game plan, and hosts CEO interviews with Affirm, Burger King, and Element Solutions. The always-popular Lightning Round delivers quick stock takes, and Cramer wraps up with his perspective on why this bull run in chips is different from past eras of speculation.

---

Key Discussion Points & Insights

1. Market Overview & Semiconductor Rally

• Semiconductors Dominate: Cramer discusses the outsized impact of semiconductor stocks, especially those linked to data centers and AI, on recent market gains. News—real or speculative—about this sector continues to boost the NASDAQ, with companies like Micron and SanDisk posting massive single-day gains.
• Broader Market Balance: Other sectors are weighed down by negative news, but they counterbalance semiconductor strength, leading to modest Dow gains but surging NASDAQ performance (01:01).
• The “Foundational” Stocks: Cramer stresses the necessity of owning one or more data center/semi-complex linked companies, even if only as part of a diversified portfolio.
  • "We're coming around to the idea that these data center stocks are what's known as foundational and must be owned… it's better to pay up than to not own them at all." (02:30)

2. Investor Game Plan for the Week

• Monday: Watch Constellation Energy, a nuclear-heavy power supplier for data centers (03:00).
• Tuesday:
  • CPI report could influence Fed decisions and potential rate cuts.
  • Earnings from CUNITY Electronics, an “unheralded” semiconductor materials play.
  • Watch for movement in Venture Global (LNG) and sports apparel names (ON Holding & Under Armour); Cramer is bullish on Under Armour’s turnaround with Kevin Plank back as CEO (04:10).
• Wednesday:
  • Focus on Nebius, an AI knowledge factory backed by Nvidia.
  • Cisco earnings watched closely due to dominant position in data center networking; Cramer cautions about chasing without a dip, but values at 23x forward earnings (05:30).
• Thursday:
  • Figma earnings—potential volatility for Adobe.
  • Applied Materials reports, vital for understanding supply chain constraints in semiconductor capital equipment (06:29).
• Friday: Nothing significant expected; a chance for the market to catch its breath.

Notable Quote (On Data Center Stocks)

"I've never seen anything like what's happening with these semiconductor stocks… this time is really different. The cynics… heckle me and warn me that my thinking is dangerous to their wallet. I say this is still a gigantic opportunity… it's not too late to buy." – Cramer (07:00)

---

3. Lightning Round (08:05–10:42; 40:46–43:41)

Jim provides rapid takes on listener stock questions:

• UPS: Cramer prefers FedEx for growth over UPS, citing “remarkable job” by CEO Raj Subramaniam.
• Valero Energy (VLO): Positive outlook due to strong spreads between gasoline and crude input prices.
• Waste Management: Stock has underperformed; Cramer pledges deeper research before recommending action.
• Other Calls: Endorsements for FedEx, Bloom Energy (“non-combustible power… all the data centers are going crazy for it”), Amphenol, and caution around high-flying, unprofitable stocks.

---

4. CEO Interview: Max Levchin, Affirm Holdings (13:02–24:00)

Main Topics

• Affirm’s Big Quarter & Growth: Affirm’s network grows; reported 35% GMV and 33% revenue increases (13:44).
• Radical Transparency & “Big Nothing” Event: Levchin describes a marketing event where “everyone gets a 0% deal… no asterisk, no trick.” (15:00)
• AI in Underwriting, Not Layoffs: Heavy investment in AI has improved underwriting and kept default low. Levchin critiques the industry’s trend of blaming layoffs on AI and instead touts AI as a tool for elevating employee productivity (17:34).
  • "We're not going to fire people and do fewer things. We'll just do more things sooner… if you love what you do, you are more productive, full stop." – Levchin (18:47)
• Affirm’s Business Philosophy: Mission-driven to provide financial products that avoid debt traps; very low defaults, transparent costs, and expanding merchant relationships (21:22).
• Consumer Resilience: Despite macro concerns, Affirm’s data shows US consumers remain resilient, with transaction volumes and payment health holding strong (22:34).

---

5. CEO Interview: Tom Curtis, Burger King (Restaurant Brands International) (26:11–33:32)

Highlights

• Turnaround Success: Burger King posts 5.8% same-store sales growth, defying sector trends.
• Listening to Customers: Leadership team conducts thousands of direct customer calls; key changes, like packaging upgrades to the Whopper and better buns, stemmed from this feedback (27:21).
• Family Focus: New King Jr meals, brand collaborations, and modernized stores drive a 40% spike in kid’s meal sales (28:34).
• Modernization: 60% of locations renovated, promising more improvement ahead.
• Value Proposition: Franchisees chose not to raise prices despite higher input costs, underscoring value focus (31:09).
• Beef Pricing: No demand destruction seen, even as beef remains costly; Curtis notes the cyclical nature of beef pricing and sees this as a peak period (32:53).

---

6. CEO Interview: Ben Gliklich, Element Solutions (33:58–40:22)

Key Takeaways

• Portfolio Strategy: Focus on electronics materials (~70% of business)—a major beneficiary of the data center and AI hardware build-out.
• Strong Growth Across Segments: Double-digit organic growth across assembly, circuitry, semiconductor, and energy segments (36:59).
• Supply Chain Realities: Strong, durable demand; “frantic” activity and capacity constraints in Asia indicate this is not speculative hype but real growth.
• Operational Excellence & M&A: Ongoing operational improvements and targeted tuck-in acquisitions add value.
• Company History: Built through split from Platform Specialty Products and helmed with legacy guidance from Martin Franklin.

---

7. No Huddle: Why Memory/Storage Stock Rally Is Different (44:21–48:10)

Cramer’s Main Argument

• Not Another Dotcom Bubble: Cramer draws a sharp distinction from the 1999–2000 mania: today's winners like Micron and SanDisk are profitable, operational businesses meeting surging real-world demand, not speculative VC-backed “story” stocks.
• Discipline is to Hold, Not Flip: Early 2000s play was to flip IPOs for quick gains. This time, the play is to hold stocks with real earnings and low P/E ratios—even after enormous appreciation.
  • "Right now, the stock sells for just six times earnings… Micron can keep running because there's endless demand for chips from the data center companies and not enough supply. So pricing just gets better and better and better." (46:55)
• Call to Action: Pick one, two, or three of these stocks; don’t go all in, but recognize the opportunity is ongoing. Diversification remains a must.

---

Notable Quotes & Memorable Moments

• “The Fed is as much a distraction as an abstraction when it comes to the business of making money. It’s exciting… and I think you should own one or two or even three of the companies linked in the data center semi complex that I talk about all the time.” – Jim Cramer (01:45)
• _"Radical thing you're doing... it's great." – Jim Cramer commending Max Levchin's “Big Nothing” event (16:11)
• "Right now, our engineering team is standardizing on this notion that everyone has to be a 10x engineer. These tools [AI] are that good, and they're getting better. But... the list of things we want to get done is 100x." – Max Levchin (18:47)
• “When you bring your family to a restaurant, you're entrusting that experience to a team and to what kind of facility they're visiting. So it has to be a better experience. That's important as well. We're now up 40% on our kids meals from where we were six months ago.” – Tom Curtis (28:34)
• “The technical requirements, the performance requirements for data center and high performance computing, they're changing radically. And we're a thought partner and a solutions provider to that.” – Ben Gliklich (36:02)
• “This time is really different. The cynics… heckle me and warn me that my thinking is dangerous to their wallet. I say this is still a gigantic opportunity. And I am also telling you right now it is not too late to buy.” – Jim Cramer (07:00, echoed in No Huddle 44:21)

---

Timestamps for Key Segments

| Segment/Topic | Start | End | |---------------------------------------------|------------|------------| | Market overview & semi rally | 01:01 | 08:05 | | Lightning Round (caller Q&A) | 08:05 | 10:42 | | Affirm CEO Max Levchin Interview | 13:02 | 24:00 | | Burger King President Tom Curtis Interview | 26:11 | 33:32 | | Element Solutions CEO Ben Gliklich Interview| 33:58 | 40:22 | | Lightning Round pt. 2 | 40:46 | 43:41 | | No Huddle (Cramer's closing argument) | 44:21 | 48:10 |

---

Final Thoughts

Cramer urges investors not to be spooked by the parabolic rise in memory and data center stocks, arguing that—unlike the dotcom bubble—the current rally is driven by real earnings, insatiable demand, and tight supply. Diversification is essential, but the time to own at least a couple of these "foundational" technology stocks isn’t over. Interviews with CEOs from Affirm, Burger King, and Element Solutions reinforce broader themes of transparency, adaptability, and profitable growth in today's market.

Transcript

[Empower Advertiser]

Say you always wanted to have a backyard oasis. Here's the thing. If you get smart with your money, you can do things like that. With Empower, you can start making the most out of your money so you can go out and live a little. Isn't that why we work so hard to have some fun with our money? Like treating yourself to something special or spontaneously doing something extra for a loved one? So use Empower and get good at money so you can be a little bad. Join their 19 million customers [e-mail] not an Empower client, paid or sponsored.

[Indeed Advertiser]

Hiring isn't just filling a role. It's about finding people who can drive results. Indeed. Sponsored Jobs helps you match with the right candidates faster. Target candidates by skills, certifications or location. Join the 3.3 million employers worldwide that use Indeed to connect with quality talent that fits their needs. And listeners of this show will get a $75 sponsored job credit to help get your job the premium status it deserves. Indeed.com podcast, terms and conditions apply. Hiring do it the right way with Indeed.

[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 Cramer America. I'll be with my friends. I'll be. I'm just trying to make you some money. My job is not just to educate, do some teaching, but also to entertain. So call me at 1-800-7.3 CBC. Tweet me at Jim Cramer. This market keeps going up and up on the same old stuff. News about semiconductors, even old news about semiconductors, retreaded news about semiconductors, even pure conjecture about semiconductors. Anything remotely positive moves that group higher. Anything remotely negative about any other group is considered catastrophic. You know what? They tend to cancel each other out when you look at the average. That's why the Dow Jones is up just 12 points, but the SB gain 0.84% and the NASDAQ, where there is little to be canceled out, surge 1.71%. It's where the semis hang out. But the same storage and memory stocks keep flying. It's a micron up 15.5% today. Today SanDisk up 16.6% all in one day. Regardless of the on again, off again nature of the war with Iran or the on again off again poss of guessing about a rate cut. Okay, you want me to guess? Let's just guess. I'm going ask me how much money I'm going to make for you right now. Maybe, maybe, maybe it'll be a Fed cut, maybe not. The Fed is as much a distraction as an abstraction when it comes to the business of making money. It's exciting. It is. It really is. And I think you should own one or two or even three of the companies linked in the data center semi complex that I talk about all the time. Even if they can't be your entire portfolio and I don't want them to be. We're coming around to the idea that these data center stocks are what's known as foundational and must be owned. Ideally, I tell you to buy them on down days and there are down days occasionally. But if you don't have the patience to wait, it's better to pay up than to not own them at all. Still though, we need to take everything into account, right? Which means it's not man's, the show's not mad semiconductors. Which means we need a game plan for next week and I happen to have one right on this wall. Look at this. The week starts with an energy supplier that's no stranger to tech. It's Constellation Energy. That's the nuclear heavy power generator that the big tech companies that want to use. They want to use it to power the data centers because nuclear is carbon free. The earnings have been fine. It's the zeitgeist that matters there. Tuesday. All right, starts with the Consumer Price Index cpi. And if you're banking on a rate cut this year, you probably hope this inflation gauge comes in weak. We got a strong set of employment numbers today, albeit with weaker wage growth nirvana for the Fed, by the way. Now we just need a softer CPI and it'll be much easier for the incoming Fed chief to convince the rest of the open market committee members to do some cutting. Searching for an unheralded semiconductor play. I got one here. It's called Cunity. Yes, CUNY Electronics reports Tuesday morning this spin off from dupont makes materials that are integral to all kinds of semiconductors. The stocks had a big run, but I think we we're still going to get a strong set of numbers that might justify the move. What the heck is wrong with this stock of this Venture Global? One of the best ways to invest in America's worldwide edge on natural gas. Even though the stock's still up huge for the year, it's pulled back about 20% over the past month. I guess because people feel peace is bad for them. I'm not so sure about that $11 seems right to me. At the same time, we get earnings from not one but two sports apparel plays on holding and Under Armour. Now I'm worried about on some very quick management turnover there. That a lot of explanation but Under Armour I think the turnaround is here and you can still get in before CEO Kevin Plank really fires up the engine. Too many people still wear that distinctive underarm or insignia all over the place decorating a hat or a shirt for me to write this guy off. Wednesday. Wednesday we hear from a company called Nebius. And that's a company that Nvidia poured $2 billion into because they want Nebius to help develop knowledge factories. This is a big deal for this relatively unknown AI company, and it's part of a constellation that Nvidia has put together to ensure that clients can take advantage of video's best chips. Now, Cisco reports this night I got to tell you, its stocks galloping like 1999. Cisco's just moving like this because it's one of only a handful of networking companies that are dominant in the data center. ARIST and CN are the other two. My gut says you may be a little late to buy Cisco without a pullback because this has been a monster move. But my brain says the stock sells for just 23 times forward earnings, so it isn't all that expensive. Nothing's ever perfect with Cisco though. So fate please be careful. The future is bright for the data center part of the business. Let's find out about the rest. Thursday we're going to get the latest from Figma. Okay, now this is an eclectic design distributor that's made the life life difficult for Adobe, which at one point had to feel it all to itself. I don't know if the company can deliver terrific earnings, but I do know that you probably don't want to own Adobe on the day Figma reports Remember, just a few years back, Adobe tried to buy figma for about $20 billion. The bid drew too much regulatory scrutiny to go forward. Big one's only worth $10 billion now. Now, one reason we've seen such incredible runs in the play at old semiconductor stocks is that there simply aren't enough machines out there to help boost production. To understand the concept, very easy, go to the Applied Materials conference call on Thursday afternoon along with their deck for a refresher. They'll tell you that they simply can't produce enough semiconductor capital equipment to make the semis. Competitors Lamb Research and KLA are in the same position. This confluence of lackluster supply and insatiable. Makes me feel like you can still buy those stocks too. Not much of note on Friday. All right. We get in that period where things slow down towards the end of the week. We always search for analogs in this business. And I've never seen anything like what's happening with these semiconductor stocks. And I never thought that I'd say that given the great run I had trading them at Grand Central Station. When a brokerage house placed a machine there you were allowed to hit up five quotes. It was summer of 1984. I bought five. Semis would go endlessly after my bar exam prep and watch them fly. They were one direction stocks back then. So you, you look at Motorola Texas and you thought you were just getting rich because the whole country was going digital. Now the country is going toward gentic world. We're thinking machines can do all sorts of heavy lifting that we can't do. Some doubt this whole movement they're skeptical because so many data center related stocks have gone parabolic here and that usually doesn't end well. And I agree with that. But the bottom line, I look at it another way. When I talk about how amazing what is happening right now and how this time is really different. The cynics and that's most people heckle me and warn me that my thinking is dangerous to their wallet. I say this is still a gigantic opportunity. And I am also telling you right now it is not too late to buy. We will get dips. There will be individually negative stories by greedy press. Was when yesterday was just totally made up gave a great opportunity to buy a stock. I'm not going to go into it because that would make fun of someone but that's when you have to pounce because these stocks don't have much quit in them even for a day. Let's go to Steve in South Carolina. Steve.

[Caller]

Hey Jim. Booyah. It's Friday. How we doing? Great.

[Jim Cramer]

I am doing well. Boo yah. What's going on?

[Caller]

Hey, UPS stocks down about 20% year to date. The earnings per share first quarter wasn't pretty and now Amazon's getting into logistics. What do you think going forward with the stock price?

[Jim Cramer]

Well I don't, you know look, it's got this six and a half percent yield but I don't buy stocks for yield. I buy stocks for growth. And therefore I buy Fed X because that is the winner. Raj Subramaniam doing a remarkable job. I want to go to Vincent in Texas. Vincent?

[Caller]

Oh yeah, Vincent from Houston, Texas with my wife Tony. My dog wobba My daughter, Veronica, who's about to turn one this Sunday on Mother's Day. Happy birthday, I love you. And happy Mother's Day to all moms. Tensions with US Iran tensions. US Iran tensions. Unpredictable. Is a Valero Energy a buy here? Would you wait for more clarity? Thank you, Jim.

[Jim Cramer]

Valero. I like Valero. I mean, Valero's got that look. As long as we've got this spread that they've got right now, between the price of gasoline and what they buy the oil for, you are just going to print money. And Valero will print money for you. Hey, how about we go to Bob in Florida? Bob.

[Caller]

Hey, Mr. Kramer. Thank you for taking my phone call.

[Jim Cramer]

Of course, Bob. What's going on?

[Caller]

Oh, not a whole lot. I had a quick question on Waste management. I started a small position at the beginning of the year and then it was looking like it was getting ready to break out, so I bought some more. But the past two months, the stock's been a dog in my portfolio. Do you think I should hold Buy More or sell this position?

[Jim Cramer]

You know, I saw somebody say some negative things about waste management today and it's been going down pretty consistently for the last like four or five days. I think rather than just say it's time to buy, let me do this. Let me do some work on what they said at the May 7th OPCO conference. Let me do some work about who's driving the stock lower. Because someone is, and it's a darn good company. Maybe we should get involved. I will do the work, I promise. All right. It's not too late to buy some of these red hot data center stocks, including Micron, which is the one that I think is, by the way, the cheapest. Even after this run, we're earlier in the phase, in this phase than you think. A firm is down for the year, but its latest earnings, they were really good. So it's now time to take a look at this one. They got that buy now, pay later stuff I'm finding out with the CEO. Then RBI's earnings were boosted by a Whopper quarter from Burger King. So what's next for the fast food stock? I'm going to find out what the company's top brands and specialty chemicals company, Element Solutions. Sounds boring, but it is anything but. So you better pay attention. I'm learning more when I sit down with the CEO. Stable Cramer.

[Mad Money Announcer]

Don't miss a cell. Second of Mad Money. Follow Imkramer on X. Have a question. Tweet Kramer madmentions. Send Jim an email to madmoneynbc.com or give us a call at 1-800-743-CNBC. Missed something? Head to madmoney.cnbc.com

[Marsman Advertiser]

when you're a kid, adults always warn you about this stage of life. Backache, skin changes, going to bed at 9pm and we all think that could never be me. Until you have to catch your breath and sit out around to pick up basketball. But it's not you. It's your testosterone levels declining with age, inhibited by those dang SHBG proteins. Marsman is on your team with a formula to support testosterone availability using ingredients Tongan Ali, Shilajit, vitamin D, zinc boron and no synthetic hormones. Combined with daily habits, Marsman experience more consistent energy and improved focus and performance. That could be you. With a 90 day money back guarantee for a limited time, you can get 50% off for life plus free shipping and three free gifts@ Mengotomars.com that's Mengotomars.com for 50% off and three free gifts when you check out and it's also available on Amazon. And when they ask who sent you, don't forget to mention this Podcast Geico

[Geico Advertiser]

presents a 30 second podcast between your podcast Today's story is shared by one of our listeners. It's called Betrayed by Bill. It was in that moment I caught who was staring back at me in betrayal or more like what, my insurance bill. With trembling hands, I grabbed my phone and switched to Geico, saving about $900 in the process and never to be betrayed again. Now that was bloody riveting.

[Max Levchin]

It feels good when the story ends with savings. It feels good to geico.

[Keith Lansford]

This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information packed daily market Preview, delivered in 10 minutes or less, including projected stock updates, monetary policy decisions and key results and statistics that may impact your trading. Download the latest episode and [e-mail] Market Update podcast or find Schwab Market Update wherever you get your podcasts.

[Jim Cramer]

Foreign. Making these numbers from Affirm holdings, the king of Buy now, pay later. This stock's been roaring lately, up about 30% since its early April lows, but it's still down 13 for the year and it got hit today, all 5%. Why? Okay, last night a firm reported what I thought was terrific quarter this is now a very profitable business and a firm's network has gotten a lot more powerful. Earlier today we spoke with Max Levchin, the founder and CEO of Affirm holdings to learn more. I think you're getting a great opportunity here. Take a look. Bishop Levchin, welcome back to Man Money.

[Max Levchin]

Great to be here.

[Mad Money Announcer]

Good to see you.

[Jim Cramer]

All right, Max. This was really a terrific quarter. GROSS Personalized value, 35% revenue, 33% net income. Gigantic. Should we be thinking as I felt that. Yes, indeed. I know you view yourself as a startup, but these are the kinds of numbers I expect from a really, really good merchant, good lender, and that is really what I think of you now at a firm.

[Max Levchin]

Thank you. That is the place we're at. I tell everyone who asks, are we still a startup? We are. We're still inventing new things, breaking new ground, trying to come up with cool, new, unexpected ideas. But we are of real going concern. These aren't small numbers by any stretch. We've generated an enormous amount of cash flow, which is something we really don't talk about. But it's time to pay attention to that. And Affirm is a real business. It's almost 15 years in. It's time to generate some real numbers. And it's exciting to be here.

[Jim Cramer]

But at the same time, you've been low key when you have your meetings. You have a meeting coming up soon, and it's about nothing. When I read the tattoos, I think it's about nothing. How can that be?

[Max Levchin]

We, we have this. I mean, a lot of Affirm is about having fun while doing what we think is really important work. And the Big Nothing is no exception. It's a name of our shopping event, so it's the second one. So, you know, it's too early to say how many times per year we'll do it, but it's the first one this year. And it's pretty amazing. You know, you and I share views on sort of what the LE industry writ large does wrong. And that's, you know, it hides the fine print. It charges, you know, unforgivable fees. From my point of view. So big nothing is kind of the counterweight to it all. It's an event where pretty much everyone gets a 0% deal where they pay no interest, nothing. And there's no asterisk. It's not a joke, it's not a trick. You are not going to pay any interest if you participate in a transaction during these big Nothing days. And we have thousands of merchants that are super excited to basically pay interest for you because they would love to have your business, they would love to sell you whatever it is that they're selling. So we are. It's coming up next week. I'm super excited. We ran the first one last year. It was a huge success. It drove 20, 30% increases overnight for the participating merchants. And obviously we made it our business to let everyone know. And sure enough, there's a lot of demand for the next.

[Jim Cramer]

Well, that was my sobro's attempt to be able to make everybody know because I think it's, it's, it's radical. It's a radical thing you're doing. It's great.

[Max Levchin]

We are a radical business.

[Jim Cramer]

Now another thing.

[Max Levchin]

I agree.

[Jim Cramer]

Speaking of radical, another thing you do. I mean I regard most credit card companies as companies that charge a lot of interest and they spend a lot of money to market. And the marketing doesn't really talk about the interest. I looked at your marketing budget. It's really not that much, is it?

[Max Levchin]

It's essentially nothing. I mean we, we occasionally spend money to, or some of the interest that consumers would have paid ourselves. But even that is the tiniest amount and going down because the merchants have realized that this is a great investment of their marketing budget. And so that is what they do now with these big nothing days and similar promos. But yeah, you're exactly right. Actually I never thought of it. But marketing from the traditional lenders is all about not interest. While we take great pride in being over disclosive, if there's interest to pay, we put it right in front of you, make sure you understand where you're getting into. And most of the time we just try to make sure you don't pay a penny than you absolutely must.

[Jim Cramer]

Well, it seems like you're such a good underwriter. The, the default level, it's almost. Look, you think that the economy is just as strong as it was last year, right? I mean the numbers are really remarkable.

[Max Levchin]

You know, we, we kept it very steady. And that is absolutely the outcome of our extraordinary, if I do say so myself, AI Machine learning team. We've been investing in building the best underwriting engine in the world, we think for 15 years. And it really shows we unbelievably brilliant people that are as good or better, I would argue, than some of the frontier AI labs have. And they've, they're motivated by the mission. They really want to make sure we only lend money when the person on the other side can and will pay us back. Which allows us to reduce costs on everyone, us, but also the consumers and the capital markets providers that we work with. And it shows and you can see it in numbers every quarter.

[Jim Cramer]

I thought that one of the things that I really loved about your conference call was you made it clear that you are not in the slash and burn mode. Some people are saying, yes, you know What? We have A.I. we can fire as many people. You are more from the Jensen Huang mode, which is that we old people are even more productive, which theoretically, you can just keep adding people become more and more productive. It's a positive flywheel. And you made a point that you think that it's that you can get more, more out of each person. And people actually obviously love being more productive 100%.

[Max Levchin]

That. That. That's exactly where I am. I don't really understand this strange sort of idea sweeping the industry where people are using AI as kind of a fig leaf. If you must conduct a layoff, it's no fun. Every one of us had to do it at some point or another. There's no need to blame AI for it. Just own that part of it. Right now, our engineering team is standardizing on this notion that everyone has to be a 10x engineer. These tools are that good, and they're getting better. But the list of things we want to get done is not 10x. It's like 100x of what we could do last year. We're not going to fire people and do fewer things. We'll just do more things sooner. And it's exciting. And a lot of the parts that were considered drudgery, quote unquote, are gone. Because AI is that good. It'll do that part for you. You still have to be creative. You still have to be intelligent. You still have to have taste. You still have to decide what the right product is for the moment. For the end customer, all of that is human work, and AI is in no danger of taking that away from you. So if you love what you do, you are more productive, full stop. Just, you know, produce more things in less time.

[Jim Cramer]

Well, you also seem to have fun. I mean, at one point you said, listen, we were trying to figure out what to do. We did not. Not sure. So we had a hackathon. Now, I mean, you had. I mean, literally, I've seen hackathons. They are for creative people. Great moments. So you guys are just creating. You're creating an atmosphere where if someone has a really good idea, it goes right to you. And it might be done, might be done very quickly.

[Max Levchin]

You took the words out of my mouth. So we literally just wrapped up a hackathon. Another one. I mean, we do a lot of these. In fact, at the end of this one, I said, maybe we should just switch our ENT company to like a permanent hackathon mode. This is so much fun and people are so excited to be here. So we had over 100 people just in our product team come together. They produced 37 shippable products in the span of two days. And like the only thing I had to deal with was this complete sensory overload where I was trying to decide what goes first because these were all great ideas beautifully made by very small teams of people who were just excited to be there. Like they're changing the world and doing it 10 times faster than they did last year. So it's amazing. It's an amazing time to be a software engineer. It's an amazing time to be a product manager. It's just so much fun.

[Jim Cramer]

I always wanted to ask you if there weren't such things as credit cards, you had been first. When people start take a credit card knowing that, well, you could work with a firm and try to be really good about your money or you could end up being stopped the rest of your life paying debt. I mean I would never have let a credit card be issued if a firm had been first.

[Max Levchin]

No, it's the sort of a B test. You can only run one side of it. Unfortunately we don't get to find out what the past would've looked like or the future would've looked like. Obviously I'm extremely biased and the entire company, I would hope is extremely biased. We're very mission driven. We believe that we're doing is profoundly important for the health of American consumer at this point. Beyond America. We're alive in a bunch of countries and going to more. I do think there's the right and the wrong way and you know, we're not apologetic about how we conduct our business. We think it's about transparency. We think it's about being smart about using your money, stretching it, making sure that you get the most out of it you can and not paying more than you must and not finding yourself in debt that you can't explain or can't get out of. And it's, you know, that is what motivates us. And every day I get emails from our consumers and from our employees saying it's amazing that a firm exists. It's so great that we started this thing.

[Jim Cramer]

You do have a great panoply of merchants. I know that your defaults are very low, but are the number of transactions holding up? I mean I keep reading it that in this K economy people are just buying less and doing less, but you've got a good view of things. Are the actual traffic in transactions lower?

[Max Levchin]

It is not. If anything, the remarkable thing about this moment in time is that while the vibe is undoubtedly concerned is probably the right word, there's a lot of things macroeconomically that are. We wake up to news from all sorts of parts of the world that are not necessarily heartwarming. American consumer is unbelievably resilient. We printed another increase in transactions per average user this quarter. Going up again. Every metric I could look at suggests that US consumer is resilient. They're shopping, they're paying their bills on time. They are, generally speaking, just as shopping first as they were this time last year, three months ago, six months ago, et cetera. Different categories. You know, travel is a little more expensive, but we think of travel and ticketing as a single category. We saw a huge rise in traveling ticketing this quarter and I was trying to figure out why and I realized there's a lot of concerts coming up in the summer. People are financing, you know, tickets are not cheap and we are there to help people get to their favorite band and, you know, watch them. We saw a really nice rise in homeware, which for a few quarters was a laggard in our portfolio of categories. And I think kind of it ebbs and flows. People decide, hey, you know what? It's time to refresh my living room. So generally speaking, no, we're not seeing any decline either in financial health or in interest in shopping.

[Jim Cramer]

Well, we're going to leave it at that. But that's terrific. And everyone should read their documents and understand this is a different kind of financial company. All right? It's not really a finance company. It's a company to try to help people buy things and not get in trouble for buying them. And I really like that. That's Max Levchin, CEO of but firm. Thanks for doing it differently, Max. Thank you. It's always a pleasure to see you. Thank you. Mad money's back after the bud.

[Mad Money Announcer]

Coming up, Burger King's latest quarter suggests it's not just the customers having it their way. So has the company flipped to the top of the fast food pile? Kramer's digging in with the top brass next.

[1-800-Flowers Advertiser]

Your data lives everywhere on prem in the cloud, across apps. Bring it all together with Everpure, the platform that acts like a living system, delivering the latest in data, performance, security and innovation without ever slowing you down. Sophisticated enough to anticipate your ever changing data needs, yet simple enough to feel like second nature. Tame your data chaos with Everpure and make storage and data management the simplest part of your business. Visit everpuredata.com to learn more.

[Charles Schwab Advertiser]

Trading at Schwab is powered by Ameritrade, giving you even more specialized support than ever before, like access to the trade desktop. 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 Mother's Day has a

[1-800-Flowers Advertiser]

way of sneaking up on you. But when it does, 1-800-FLowers makes it easy to send mom something beautiful, thoughtful and worthy of everything she does. Right now with double blooms from 1-800-Flowers. Order one dozen roses and get another dozen for free. It's a bigger gesture with fresh, beautiful flowers arranged to make Mother's Day feel as special as she is. Make Mother's Day feel bigger with double blooms at 1-800-flowers.comsxm that's 1-800-Flowers.comsxm.

[Jim Cramer]

Oh boy. It's been a tough earnings season for the fast food space. We've heard some incredibly disputing things from shake shack. Even McDonald's seems to be getting dragged down by the poor state of the consumer. But when we heard from Restaurant Brands International earlier this week, that's the parent company of Burger King, Tim Hortons, they reported a pretty solid quarter. More importantly, they told us that Burger King's American business is taking share and taking names. I was astonished. 5.8%. Same store sales growth. A lot of guys have double digit declines. Burger King has spent years working to turn itself around. Improving restaurant operations, modernizing store, offering better menu items. And according to management, this is not an outlier, it's the new normal. Do not take it from me. Let's check it with Tom Curtis. He's the president of Burger King. To get a better read on things, how things are going. Mr. Curtis, welcome to Mad Money.

[Tom Curtis]

Hi Jim. Great to be here and thanks for having me.

[Jim Cramer]

All right. So Tom, I love the changes at Burger King. I was aware of them mostly because Pat Doyle's an old friend from, from Domino's. But I like things. Even the things where you're elevating the, the, the Whopper. I love the Whopper. I didn't know better. You did. Why did you bother to do that? How did you know that it was time for revamp?

[Tom Curtis]

Well, we've been listening to our guests a lot lately. So I've taken over seven, our team's taken over 7000 calls. I've personally taken 1800 from the guests. And we've got over 70,000 incoming calls. We can aggregate all of that and what we've learned is that people love the Whopper, but sometimes they think it gets smushed and sometimes they didn't quite like the bun that it was presented on. So we knew exactly where to go.

[Jim Cramer]

Well, I mean, how did you know that people want that kind of fun? I mean, I would be afraid that there were people who loved the Whopper so much that it wouldn't want change.

[Tom Curtis]

Well, that's why we had to be really nuanced with the changes. We'd been looking at changes to the Whopper for over two years and some of the early ideas that we had were pretty sweeping. But one thing that we heard loud and clear was that people loved the Whopper. Just needed to be a couple of small changes and packaging was frankly the biggest one of them that could make it actually better without changing the profile of the taste.

[Jim Cramer]

Now, you've also historically under indexed with families, but these new King Jr meals, SpongeBob featured family oriented promotions. It's working, isn't it?

[Tom Curtis]

Well, that's working. And also what's working is what you mentioned a few minutes earlier, which is upgrading the restaurants and improving the experience. When you bring your family to a restaurant, you're really entrusting that experience to a team and to what kind of facility they're visiting. So it has to be a better experience. That's important as well. But we're now up 40% on our kids meals from where we were six months ago just because of all these efforts.

[Jim Cramer]

Well, also you're. But roughly 60% of the burger Kings are now modern. So you still got another lift coming, don't you?

[Tom Curtis]

That's what we're most excited about. We feel like we're in the early innings of this transformation and if this is the result that we're seeing after the work that we've done, we feel like we have years of Runway ahead of us where we're going to continue to grow this brand.

[Jim Cramer]

I love the fact that Pat, when he executive chairman, when he said at the end of the last conference call, he said there are others in the industry where things are really clearly getting worse and they are losing share. Our teams are obsessed with being on the right side. And that's about Burger King. That's a high compliment from someone who Has a great attention to detail. So they're noticing it within the organization too, correct?

[Tom Curtis]

Absolutely. You know, Patrick Doyle sits right next to me in the office, so I get plenty of solicited and unsolicited advice, all of which I appreciate. But just listening to him, getting his counsel and advice every day and you know, we were both at Domino's for many years and we learned a lot there. We're putting that learning to work here and it's obviously starting to make a huge difference.

[Jim Cramer]

Well, you're right about listening to guests. That was another thing that Pat. I know that out too much about Pat and not you, but he. Pat has been on the show a number of times, but I called him from. From a Burger King. I love to go to Burger King from Burger King in Germany. I don't need to be more specific. And I didn't like what I saw. And he said it was fixed the next day. I mean, because when he hears from a guest, a guest is his boss. That's kind of the attitude I see from your company now.

[Tom Curtis]

And just think of what that means when you're getting 71,000 incoming calls. How many opportunities is that to actually change the experience for the guest? And boy, when they actually see that change happen themselves, boy, it ignites an incredible love for the brand because the brand's listening, the brand's acting on their feedback.

[Jim Cramer]

Now, of course, I saved this for last, but the pricing, the value without a value or the pricing is rather extraordinary. You're well under a lot of other organizations. Yeah.

[Tom Curtis]

When we contemplated these changes to the Whopper, for example, we knew that would add costs and that was actually cost of $4,000 of additional pressure on the P and L for our franchisees. They all locked arms with us and agreed they were not going to change the pricing. It is a value oriented economy out there. We have to be cognizant of that. So we have to be there with value and we have to be there with good prices on our core products. All of that is necessary right now in this economy.

[Jim Cramer]

Now, Texas Roadhouse said last night, I'm sure you and I both know great operator that they saw for the first time actual substitution. People just said, I can't afford beef. I'm switching to chicken and pork. Have you seen anybody move over? This will be your whole chain. It may not be fair to ask you, but have you seen demand destruction?

[Tom Curtis]

No. Because once again, if you're able to offer quality beef product, a great Whopper and you don't take price, you actually become more attractive in the burger universe because as burgers are getting either smaller or more expensive elsewhere, we're holding serve and that's attractive to guests. And that's why you see what you saw in quarter one and that's why you'll see that's why there was even an acceleration throughout the quarter and we're hopeful that that sticks for quarters to come.

[Jim Cramer]

Now, do you think there's any hope that beef comes down? You guys would not see it necessarily because you don't have the demand destruction. But everyone keeps telling me until the herd gets bigger, we're just stuck. I've always felt that either maybe because they bring in beef from overseas or because people just get away from because it's too expensive, that it can come down. But it has been the stickiest of every single commodity.

[Tom Curtis]

Well, it's always most painful when the prices are high for beef. But I will tell you that we've seen this over many, many decades. It's about a 14 year cycle from peak to trough. We know we're at the peak. I think the question now is when does it turn? When does it start to come down and how fast is that deceleration in prices of beef?

[Jim Cramer]

Well, let's hope it happens. A lot of Americans is still a staple and we need protein as it is. Well, Tom, I want to thank you. Amen. Yeah, it was great to talk to you and tell Patrick we said hi. And I love what all the other stocks in the group, they haven't done that well. So thanks for making money for shareholders.

[Tom Curtis]

All right, thank you, Jim. Love being here.

[Jim Cramer]

Oh, it's great. That's Tom Kersey's Burger King president. Everybody's back after the break.

[Mad Money Announcer]

Coming up, has Element Solutions got the right formula to continue its explosive start to 2026? Kramer's inquiring with the CEO next.

[Jim Cramer]

Near the end of March, I had to do some homework on a name called Element Solutions. I gave the stock my enthusiastic endorsement. Really thought it was terrific. It's the kind of chemical company that can make fortunes as long as Iran's blockading the entire Persian Gulf or many other reasons. Six weeks later, elements up a quick 34%. What a call. Last week these guys reported a terrific beat and raised quarter. And even after this incredible run with the stock stock up 70, 73% year to date, it's still trading just under 24 times this year's earnings estimates. Can it keep climbing? Let's take a closer look with Ben glicklich. He's the CEO of Element Solutions to find out. Mr. Glicklage, welcome to my money. Great to be here. Thanks for having me. Well, you know, we didn't know about your company. We knew about Sir Martin Franklin, the predecessor. The collection of chemicals you have put together is rather amazing. Now you have a bit of a banker by background. Tell us, did you see these things coming? Because you're in the sweet spot.

[Ben Glicklich]

Yeah, we've got a great collection of assets. We built this portfolio starting back with platform specialty product. We split that company in half, sold our ag chem businesses and have been really focusing on electronics, materials and industrial solutions. The portfolio is excellent. It's really well positioned. We've done a bunch of work to improve it and we're reaping the benefit of that today.

[Jim Cramer]

Okay, so tell me some of the areas that, that you're investing in. Cause it seems like you've got the right. Right. When people think about all these stocks are going right. You're right in the mix of it.

[Ben Glicklich]

Yeah. So. So we're benefiting from the AI build out.

[Jim Cramer]

Right.

[Ben Glicklich]

Data center intensity.

[Jim Cramer]

Well explain that a little more people because like people don't know you're close to it and they would love to know.

[Ben Glicklich]

Absolutely. So 70% of our portfolio is electronics. And our portfolio speaks to all the places an electron goes in electronics hardware. So it's one of the biggest electronics materials businesses in the world and it's also the most cogent portfolio. So what we do sits next to each other in terms of our customers manufacturing footprints. We can bring to the market a really broad based, exceptional set of solutions. And it's a market that is demanding innovation.

[Tom Curtis]

Right.

[Ben Glicklich]

The technical requirements, the performance requirements for data center and high performance computing, they're changing radically. And we're a thought partner and a solutions provider to that them.

[Jim Cramer]

Now when you say full partner, would it be to the semiconductor companies or the Taiwan semis or the LAM researchers? Where are you in the food chain?

[Ben Glicklich]

Everything we sell is consumable and stays on the chip or the circuit board.

[Jim Cramer]

Okay.

[Ben Glicklich]

The business skews towards printed circuit boards and electronics assembly. So we sell into semiconductor fabs, we sell into semiconductor assemblies, assemblers and OSATs. But most of the business is in the printed circuit board market, which is becoming increasingly important. Which is to say that historically innovation and quality was perceived to be really in that front end semiconductor foundry. But with Moore's law breaking down, innovation is moving into packaging and the circuit board. Circuit board market value and volume growth has outstripped MSI for the past several years and is Expected to continue to.

[Jim Cramer]

Well, people have to understand it's very unusual to see the following. For instance, assembly is 12% organic growth, circuitry 17% organic growth, semiconductor 18% organic growth. These and then you have energy 15%. This is highly unusual to have that many chemicals under one roof that are growing at that pace.

[Ben Glicklich]

Yeah, we're very fortunate with the portfolio construction, with the people in the business who are delivering real value to a supply chain that needs it. What's happening in high performance computing in the data center market, it's lifting up the whole electronics ecosystem today and we're benefiting from that.

[Jim Cramer]

See, I think that you see it because you've got the orders. I spend a huge amount of time try and explain to people that this is all real, what's happening. And I know we see micron up 100 and people say, well it's all, when it's short squeeze, the actual demand is real and the need for what you make is real. It's not like you're drumming up or sitting in some inventory somewhere. As soon as you put something on

[Ben Glicklich]

it goes, oh absolutely. I mean capacity constraint is the biggest

[Jim Cramer]

issue that throughout the food chain.

[Ben Glicklich]

Throughout the food chain. I was in Asia earlier this year and the level of activity on the ground at these factories, it's frenzied, it's unlike anything we'd seen before. And what we're selling today is linked to investment decisions that were made over a year ago. And if, you know, if you followed last year, the ramp and the increase in data center investment only, you know, grew over the course of the year. And so we see durable long term

[Jim Cramer]

demand here now the company's always been on the move. Are you looking at things all the time saying this could be, maybe I want to add this, maybe I don't want to be in this part of the, of the economy right now doing that kind of stuff.

[Ben Glicklich]

Yeah, so, so the model is operational excellence, improved capital allocation. Businesses generate a lot capital and our customers are always looking for new interesting value propositions. So our focus is running our business as well, deploying their cash flow smart, prudently behind our businesses into things our customers are asking us for. So we are always looking. And we've made some really smart tuck in acquisitions, both technologies and new geographies over the past several years. We'll continue to do that.

[Jim Cramer]

Yeah, I follow a lot of companies and I remember when the chemical companies were really the last bastion of old stodgy, old 1% growth really satisfied them. You're obviously not content to do low single digit of anything, Right?

[Ben Glicklich]

No, absolutely not. We're fortunate. Some of this was deliberate. Some of it was luck.

[Tom Curtis]

Right?

[Ben Glicklich]

Deliberate portfolio construction luck to be in these really great markets. And it's up to us to make these businesses better more days than not. And we've been doing a decent job of that so far.

[Jim Cramer]

And we know the company from Sir Martin Franklin, who's a very old friend. I mean 30 years. But did you just cold call him to get started with Martin?

[Ben Glicklich]

That's how I ended up in the seat. I sought him out because I admired what he'd built.

[Jim Cramer]

Sure.

[Ben Glicklich]

And he said, I'm starting a chemicals company, come help me build it. And that was 12 years ago. And here we are today.

[Jim Cramer]

Now he just retired, but he was a great influence and he's doing great, I hope, because we want him to tell us. Please tell him we said hi.

[Ben Glicklich]

Yeah, absolutely. So he stepped off the board as of the annual meeting, which was last week, just because he was on so many other boards and he's happy with what we're doing and he's still doing

[Jim Cramer]

those marathon runs that gentlemen, he's unstoppable. Well, he really is. And I know that he convinced me about his the kind of work he does and the ethic he has and it's really extraordinary. And I should have recognized Element Solutions for platform because what a company you built.

[Ben Glicklich]

Thank you.

[Jim Cramer]

Absolutely. That's Ben Glicklit. He's the CEO of Element Solutions. Now look guys, it's esi. You probably hadn't heard before then we mentioned it. But these are the kinds of companies that are really making money in this new economy. And it's a really real economy. Everybody's back yet to the brink.

[Mad Money Announcer]

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

[Jim Cramer]

Next. It is time. It's time for the light round. Cr what is that about? What's about Rob? Cool considered. Bye bye bye. Salsa sell by step. First at Graphics School 5 playing the sound and then the lighting round is over. Are you ready? Ski dice. Hold on. Lightroom crazy. Let's start with Fred. Import Fred. Hey, Jim, this is Fred from the Sunshine State. Love the show. The stock I'm calling about is Digi Power X. Oh, man. That thing has just been straight up. I, I, I'm not there for that. The ones that are straight up that are not making money, I have to say pass fast. Let's go to Neil in New Hampshire. Neil. Hey, thanks Jim, for taking my call. Of course. I held this stock for five years. Do I hold or switch Steel Dynamics or something else? Steel Dynamics is a great company. Why would you do anything other than. Okay, let's go to Joseph in New York. Joseph. Hey, how you doing? Jim, this is Joseph from New York, nyc. It's good to have you. Good to have you on the show, Josie. Yeah, yeah, nice, Nice to meet you, Jim. Pleasure. I was talking about asml. Jeez, you know, I, I now this is a, this is the, the great, the great problem right now. That stock's been straight up ever since it had a great quarter and people didn't understand. I Joe, I'm going to say after the $75 move today, let's just hope for a down day and get in. I don't want a top ticket. That's what I. But I think you got a great one. Let's go to Cole in Illinois. Cole.

[Caller]

Hi, Jim.

[Jim Cramer]

Thanks for helping us out.

[Tom Curtis]

My son Cole has a question for you.

[Jim Cramer]

Sure, let's put them on. Hey, Mr. Kramer. Yeah, Cole. I read a Morgan Stanley article on the stock a year ago. I bought the stock after doing my own research. I was wondering if you think I should hold it long term or sell the stock? Bloom Energy. Listen to me call. You should buy it. Okay. You get your dad to front you or something. I don't know. I'll front you. You want to be in this boom Energy? This is non combustible power. You know how hard it is to find that? All the data centers are going crazy for it. Kid's good. He stays in the picture. Cole stays. Send him something. All right. Send him some. Send him. It's National Ice Cream Day. Send him some ice cream day. All right. Bill in Iowa. Bill. Hey, Jimmy C. How are you? I'm doing well. What's what, partner? Hey, first time caller, a long time listener. Jimmy, thank you for helping this small investor make some bank, baby. Love it. What's going on? Okay, Jim, with Corning glass sucking up all the oxygen in in the room is amphenol ticker symbol ap. I like amphenol. I like amphiol. I think you got a good one. It's actually come down a little. Forever sake. I thought it was never going to come in. And that lady. Ladies and gentlemen, conclusion of the Lightning Round.

[Mad Money Announcer]

The Lightning round is sponsored by Charles Schwab. Coming up as we wrap up another busy week. Kramer has some final thoughts. Don't miss his no huddle. Next.

[Jim Cramer]

Booyah. Jim Cramer. I'm a first time caller, a happy club member. I want to thank for being the peak champion of investing.

[Caller]

Thank you for helping me become a millionaire.

[Jim Cramer]

People keep comparing this market to the later stages of the dot com era before things fell apart in 2000. But I lived through that period. I traded through that period. No comparison back then. People got rich quick by buying every.com that came public and then flipping them. Sell, sell, sell, not owning them. This came work from the end of 1998 through the end of 1999. Why flip them? Why not invest in them? Because most of these companies, if you can even call them that, were deeply unprofitable. Very few were real businesses these days. The big winners are the memory and data storage stocks. Micron's up 777% over the past 12 months alone sans 4162%. Western digitals gained 984%. Seagate jumps 712 over the same period. But these are real companies that make real things. And right now they're practically just printing money simply because there's so much demand and so little supply. Believe it or not, but they may all be undervalued because of this fourth industrial revolution that I keep trying to get keep trying to tell you about. Now look, I am tremendously jealous of people who own nothing but these storage stocks. Just as I was insanely jealous of those who plowed their money to the newly minted.com IPOs give you your 100% pop right out of the gate. You could ring the register, make fortunes. But you always did have to ring the register. The initial games were the only games ephemeral. Most of the junk you were making money in was were truly worth just a fraction of where it started trading. You had to get in on the offering for the street.com@$19. The company I started. Then flip it in the 60s the day it opened. You'd sell some at the opening price and then dump the rest a couple hours later. Get maybe couple, let's say 45 bucks by the end of the day, quick paid day. But if you stuck around, you'd watch the stock drift down to two bucks. I warned people to sell the street.com@ those insanely high levels. I couldn't believe it was up there. But because I'd founded the company, I decided to tough it out and watch my gains evaporate. What can I say? The cabin's supposed to go down with a ship. Right now it's a very different situation. The discipline this time isn't to sell. It's to hold. Why because stocks like Micron, Seagate and Sanders traded incredibly low Price Journeys ratios earlier this week. I told you that some stocks are galloping higher. Higher because they have to go where they have to go. It sounded like circular reasoning. I understand that. We keep seeing it happen, though. Micron rallied another 15% today. Is $746. Why 746? Why? Because it's going to a thousand. It needs to go through the seven hundreds and eight hundreds and nine hundreds to get there. Even after $1,000, the stock would still be pretty darn cheap on an earnings basis. Micron can keep running because there's endless demand for chips from the data center companies and not enough supply. So pricing just gets better and better and better.

[Caller]

Better.

[Jim Cramer]

Right now, the stock sells for just six times earnings. Same exercise with Sanders. In fact, it could be even cheaper than Micron, despite already rallying a lot harder. So what do you do? Unlike the old days when we were flipping the.com IPOS, you gotta pick some of these moonshots and stick with them. I spent hours and hours and hours analyzing these and we bought some for the. Some of the best, I think, for the Travel Trust. As long as you have some cash on the sidelines and your portfolio, some diversification, you have my blessings by these red hot stocks. Even if you missed them, even if you missed a lot, even if you're just getting in on Monday day, if you have nothing but the memory place and someone comes up with a better mousetrap, well, you're going to lose a lot of money. Hence the need to diversify among the players. But of all the people I've talked to in the business, nobody knows of anyone who's even trying to tackle a memory shortage. So these stocks keep running and running and it's not too late to buy them here because the Price Journeys multiples are simply too low. If you don't understand what they are, get the book. Okay, Price Journeys Multiple is about 50 pages in the book. And you know what? These things are for real. And they still haven't gone to where they're going to go. So pick one or two or three. Just not all of them, please. And strap yourself to the mast. It's been a wild ride and it's going to stay that way, but it is one worth taking. Alexa, as always, bull markets, I'm a promise fan. Just for you, right here on Man Money. I'm Drew Kramer. See you Monday.

[Mad Money Disclaimer Reader]

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 television, radio, Internet or another medium. You should not treat any opinion expressed by Kramer as 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 this episode is

[Keith Lansford]

brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information packed daily market Preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions and key results and statistics that may impact your trading. Download the latest episode and [e-mail] market update podcast or find Schwab Market Update wherever you get your podcasts.