Mad Money w/ Jim Cramer 6/12/26

Summary

Mad Money w/ Jim Cramer – June 12, 2026

Episode Theme:
A Historic SpaceX IPO Shakes Wall Street—What It Means for Investors

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Episode Overview

Jim Cramer dives deep into the market fallout and opportunities created by the historic SpaceX IPO—the biggest in history and a paradigm-shifting moment not just for Wall Street, but for Main Street. Cramer examines its impact on market sentiment, inflation expectations, the upcoming IPO pipeline, and related investing themes. He fields caller questions on stock strategies, offers actionable advice across sectors, and breaks down the hottest recent IPOs. The episode brims with Cramer’s signature energy, memorable soundbites, and frank market assessments.

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Key Discussion Points & Timestamps

1. The SpaceX IPO: Analysis & Market Impact

[00:59–02:30, 14:02–17:55]

• A Game-Changing Event:
  SpaceX goes public in a blockbuster IPO, capturing both Wall Street and Main Street attention. Cramer lauds Elon Musk:

  “Never has one initial public offering captivated the minds of Wall Street and perhaps Main Street as much as Elon Musk’s SpaceX which became a publicly traded stock right before noon today…there’s Musk, then there’s everyone else.” – Jim Cramer [01:14]

• Execution Praise:
  Goldman Sachs and Morgan Stanley are commended for managing the IPO at the right price, avoiding the pitfalls of past high-profile listings:

  “They put on a clinic about how to do a deal.” – Jim Cramer [01:28]
  “Kudos to them. The stock opened at a reasonable price versus the IPO price—not so high that it would encourage flipping, not so low that it would ferment panic.” – Jim Cramer [15:34]

• Ripple Effects:
  Mentions the likely acceleration of other major IPOs (Anthropic, hyperscale AIs), fueled by the market’s positive reaction. Investors should inquire now at their brokerage about future hot offerings.

• Historic Significance & National Pride:
  Cramer connects SpaceX’s success to the moon landing, contrasting U.S. achievements against prevailing narratives of American decline:

  “From my point of view, the SpaceX IPO felt just like when we put a man on the moon...These days I feel the same way about China...Then along comes Elon Musk, who’s winning the space race against the Chinese...” – Jim Cramer [16:32]

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2. Macroeconomic & Market Context

[02:31–06:32]

• Iran Peace Talk Speculation:
  Cramer is cautiously optimistic about a possible peace agreement with Iran, especially regarding implications for oil prices and inflation.

• Oil and Inflation:
  Predicts a dramatic decline in inflation if peace is achieved and details the ramp-up in oil production across the U.S., Venezuela, and Canada:

  “If we get peace, the first thing you have to realize is the process toward lowering inflation will begin with a collapse in the price of oil.” – Jim Cramer [03:19]

• Housing Market Update:
  High interest rates continue to suppress homebuilding—Cramer awaits housing start numbers and retail sales data for clues for a potential rate cut, emphasizing this as the economy’s true bottleneck.

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3. Market Movers and IPO Pipeline

[06:32–09:19]

• Stock & Sector Notes:

  • Dave & Buster’s (weak stock, but useful for consumer read-through).
  • Lennar (homebuilder, struggling with high rates).

• Upcoming Fed Moves:
  With Kevin Morse poised over his first meeting as Fed Chief, housing and retail data may push for rate cuts.

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4. IPO Watch & Lessons for Investors

Recent IPO Recaps
[29:00–36:50]

Cramer quickly breaks down his track record and updates on previously recommended recent IPOs, highlighting both winners and losers:

• EquipmentShare (capital-light rental): beat numbers, but pressured by macro and lockup timeline [30:15].
• Forging Power Solutions (electrical for data centers): up 75%, still likes it. [31:40]
• Swarmer (drone software): high-flyer on speculation, but barely any revenue – urges caution. [32:30]
• Madison Air Solutions (airflow for data centers): steady execution, Cramer says buy on pullback. [33:10]
• AVX (military drones): great quarter but flooded by secondary share sales, hard to rally. [33:50]
• X Energy (modular nuclear): speculative, long timeline, but likes the theme. [34:30]
• Hawkeye360 (space signals intelligence): strong story, sold off as money rotated into SpaceX. [35:10]
• Cerebra Systems (AI chips, ex-hot IPO): too expensive post-IPO, stock now down a third, warning for overpaying. [35:40]

“Cerebrus was at $311 when I told you it was way too pricey. Stay away. And now it’s come down to 214, losing nearly a third of its value.” – Jim Cramer [36:02]

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5. Hot Space Stocks: What to Buy When the Fever Breaks

[19:42–27:14]

Cramer reviews the post-SpaceX space sector selloff and identifies opportunities among publicly traded space and satellite companies:

• SES – Luxembourg satellite spectrum operator, attractive valuation but non-U.S.-listing is a barrier. [21:50]
• Rocket Lab – Leading commercial launcher, but expensive at 65x sales, recommends waiting for a pullback. [22:55]
• Planet Labs – Satellite analytics fueled by AI, strong government demand but pricey at 26x sales. [24:08]
• EchoStar/Dish – Consumer brands with satellite assets, but lack SpaceX’s narrative.
• AST Space Mobile – Satellite-based cellular broadband, speculative.
• Redwire, Momentus – Moonshot stocks; speculative.
• Amazon – Vast, hidden space operations.
• Overall View:

  “In the end, there’s no SpaceX clone. The company is one of one.” – Jim Cramer [25:48]

Cramer predicts continued rotation into space names as investors hunt for “next SpaceX,” but counsels patience:

“If you’re patient, I bet you can eventually get a great entry point to do some buying.” – Jim Cramer [26:46]

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6. Lightning Round: Buy/Sell/Hold Q&A

[37:07–39:58]

Cramer delivers quick-fire takes on caller stock picks:

• Constellation Energy: “Back it up, back it up. It’s come down a lot.”
• Credo Technology: “Just hold on to it. It’s amazing.”
• Manpower Group: Prefers Paychex; little growth.
• Perrigo: “Value trap…does not have any growth.”
• Cadence Design: “Hold, and if it comes down, buy. Sensational company.”
• Notable Lightning Round Quote:

  “Cadence is a hold and if it comes down, it’s a buy. This is a company...it is sensational. I love it.” – Jim Cramer [39:42]

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7. Extended Q&A: Strategies & Stock Pitches

[40:23–46:21]

Cramer opens the floor to wide-ranging listener questions:

• Sector Rotation Strategy (“Infrastructure Stack”):
  Look to Vertiv as first/best layer to buy after a tech correction:

  “The layer that’s been dipping first is the Vertiv layer…that’s where you want to be.” [41:21]

• Income Stocks for Conservative Investors:

  • Recommends Energy Transfer Partners (7% yield) and Enterprise Product Partners (5.9% yield). [42:32]
  • “You put those two on, you had six and a half percent yield with some growth.”

• Adobe Outlook:
  Cramer is starkly negative—CFO and CEO exits, revenue slowdown, and secular decline:

  “There is nothing about this quarter...recurring revenue slowdown...You can’t be there.” [44:10]

• Space Data Centers – Semiconductor Impact:
  SpaceX satellite data centers too far out (2027+) to create chip shortages; suggests simple play is just to buy SpaceX stock. [45:30]

• Media Stocks (Fubo with Disney/Comcast deals):

  “It’s media and you’re going to have a very hard time getting me to like anything media at all…This is an industry. It’s in secular decline and we’re not going to invest in it just because it looks very cheap.” [46:21]

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Notable Quotes & Memorable Moments

• “Historically, betting against [Musk] has been a terrible strategy. Betting with him? Hey, why the heck not?” – Jim Cramer [01:18]
• “If you want a piece of the Anthropic deal, try to figure out who got SpaceX from your brokerage. Just call your broker and ask what you can do...” – Jim Cramer [02:37]
• “[SpaceX]...has done a fabulous job over many years to make us first in space.” – Jim Cramer [16:54]
• “We may be a bunch of losers, as I read every day in the mainstream media, but not when it comes to space. Thanks, Elon Musk. Well done.” – Jim Cramer [17:28]
• “There’s no SpaceX clone. The company is one of one.” – Jim Cramer [25:48]
• “The stock [Cerebras] was way too expensive at those levels…now it’s come down to 214, losing nearly a third of its value. Sweepers has become a cautionary tale as far as I’m concerned.” – Jim Cramer [36:02]
• "My favorite is Nvidia, but AMD is fantastic. If you told me you bought that, I’d say that’s terrific, too.” – Jim Cramer [28:55]

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Structural Timeline (Major Segments)

| Segment | Topic | Timestamp | |---------|-------|-----------| | Jim’s Opening & Market Recap | SpaceX IPO, oil, inflation, housing, Fed | 00:59–06:32 | | IPO Pipeline, Corporate News | Anthropic, Lenar, Dave & Buster’s, Kroger | 06:32–09:19 | | Lightning Round | Caller buy/sell/hold Q&A | 37:07–39:58 | | Hot Space Stocks Alternatives | SES, Rocket Lab, Planet Labs | 19:42–27:14 | | IPO Post-Mortems | Recent new issues reviewed | 29:00–36:50 | | Open Phones | Deep listener Q&A | 40:23–46:21 |

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Final Takeaways

• SpaceX’s IPO is a sea change for the market—expect more tech and AI unicorns to speed up listing plans in its wake.
• The ‘Elon Effect’ is real: betting against Musk can leave investors behind; betting with him might be “the only game in town.”
• Inflation and rates are teetering, with big factors (Iran, oil) set to drive the next moves.
• Sector and IPO froth warning: Even the hottest names (Cerebras, Rocket Lab, Swarmer) can burn late-money chasers; let price come to you.
• Opportunities ahead: As secondary offerings and rotation out of ‘space-adjacent’ stocks happen, patient investors may find bargains in the coming months.
• Cramer’s bottom line:

  “SpaceX has caught fire…and it’s all anyone wants to talk about. Even within the world of new IPOs, remember that you’ve got plenty of other options.”

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For further insights and more, catch the full episode or review transcripts at madmoney.cnbc.com.

Transcript

[Venture Global Representative]

At Venture Global, we think about what can be done, not what's usually done through innovation. Venture Global is not only building some of the largest energy facilities in the world right here in the United States, but delivering American energy at a fraction of the cost in a fraction of the time. So while others are busy talking, we're busy building. That's Venture Global. That's unstoppable energy.

[Podcast Host / Advertiser]

I'm Kiana and I leveled up my business with Shopify. Once I figured out that Shopify was a thing, I never turned back. I can create a site with my eyes closed. Shopify thinks ahead of us, you know, and it thinks about the customer more than anything. Every day I'm thinking about some other new business, but Shopify is doing it to me because it's so easy to use. It's like I can't stop. I'm addicted. Start your free [e-mail].

[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 Cramerica. Other people make friends. I'm just trying to make a little bit of money. My job is not just entertain, but to educate, do some teaching. Calling 173 CBC. Tweet Mitch Mcim. Kramer never has one initial public offering captivated the minds of Wall street and perhaps Main street as much as Elon Musk. Space X which became a publicly traded stock right before noon today, the underwriters, Goldman Sachs, Morgan Stanley put on a clinic about how to do a deal. And helped by the possibility of a peace agreement with Iran. The session turned out to be a good one. Dow gaining 354 points. SB climbing 0.5% and the NASDAQ advancing.31%. Sure some cold Space X overvalued others, ridiculed the buyers. Me. Listen, there's Musk, then there's everyone else. Musk has the ideas and the execution. Historically, betting against him has been a terrible strategy. Betting with him? Hey, why the heck not? I'm surprised he even lets us tag along. I think this deal could have some real positive repercussions and implications. So let's go and see. Take a look at our game plan about what we think is going to happen now. First we're going to have to deal with the positive fallout of the SpaceX. You know, something negative falls out. This positive fallout. Bankers work fast these days. It wouldn't Shock me if we hear from some of those hyperscalers that need to raise money or even from yes and flopping, which may want to strike while the iron's hot. Start raising some money now. These companies are all lined up to do business, believe me. Yes, it really works that way. The people who are invested in Anthropic will be agitating for a chance to ring the register with an ipo. No need to wait. Let's just, let's look for that chatter. Remember Microsoft, Metta, Amazon? They may also want to raise money to pay for their investments. I don't know if they can resist selling stock after seeing how SpaceX played out so positively. Hey, by the way, if you want a piece of the Anthropic deal, try to figure out who got SpaceX from your brokerage. Just call your broker and ask what you can do to make it happen for the next deal, sooner rather than later. Please. They will tell you now. Like everyone else, I'm hopeful that the war with Iran is coming to an end. Come Monday, we'll know more about it than we do tonight. I'm skeptical as the hardliners in Iran clearly don't want peace. But if we do get peace, the first thing you have to realize is the process toward lowering inflation will begin with a collapse in the price of oil. Oil. I know a lot of people believe that inflation has become embedded. I think they're dead wrong. All during this period since the war began, the world is frantically trying to produce more oil. And you know what? It's happening. Look, we have more coming out in the United States while oil production in Venezuela is up 50% members. People said that couldn't happen. Canada will soon be lifting production perhaps as many as 200,000 barrels a day. These all add up maybe even as much as a million barrels. That will matter now. Look, they won't be repealed. They might. Look, once the state of Hormuz reopens, we're not going to have as much new oil coming in. But I've got to tell you, I think a big chunk of inflation is going to come down just because so many drillers realized that they had a great opportunity here. If you take a hard look at the inflation, the inflation chain, you can see that many of the goods we eat are shipped by companies that put through fuel pass throughs. Those will be repealed when the decline in oil works its way through the system again. I am calling for a dramatic decline in inflation. Now corporate news is like the whole week. Dave and Buster's reports Monday this one, which was taken private 20 years ago because the buyers thought it was undervalued was then brought public 12 years ago to a successful debut. But the stocks come all the way down to 12 bucks a change. Why bother? All right. People are always stopping me and ask me how I form my views. What do I see? What do I do? Well, Dave and Busters has a conference call after they report the quarter. It's chock full Vince about the consumer. That's how I make my view. That's the worldview. It's really the only reason to pay attention to it though. But I got to keep up with it. Next, I'm adamant that the weakness in the housing market in the is really part and parcel with with inflation. Why we need to cut rates the number one problem with our economy is we can't produce enough homes and it's much harder to solve. We don't build enough. We have high interest rates in many of the stock cores in Wall street even want another rate hike or two. But today Lenore Terrific homebuilder based in Florida reported a weak quarter and bemoaned rates. I don't blame them one bit. Interest rates are simply too high for a homebuilder just by putting up a lot of houses. Okay. I guess a bit of a chicken and egg thing. We want to put up more homes but they aren't going to do it if they can't sell the homes because rates are too high. That's why Tuesday's housing starts figure means so so much to me. If we had a weak number. That will give Kevin Morse, the new Fed chief, some ammunition to push for rate cuts down when he chairs his first meeting on Wednesday. I think we'll also see some weaker retail sales that morning again favoring a rate cut. As I mentioned, lots of people have been saying that the economy is too strong and we need to raise rates given the high level of inflation. I think these people are dreaming they'll be revealed is way too pessimistic. Pessimistic. I predict wars will begin the process of setting us up for rate cuts on Wednesday because the underlying problems in the economy are persistent.

[Caller / Audience Member]

But.

[Jim Cramer]

But inflation will go away once we make a deal with the Iranians. It really will. Next up we've got a very crucial analyst meeting thrown by SOB the old Slumberger. That's the oil surplus giant. I want to know if countries and companies recognize that it's worth stepping up and drilling the way we see it in Venezuela where we see it in the us where they see it in Canada. No one knows more about that than sob. It'll be another, honest to God, it'll be another feather in my cap about how we're going to have a decline in inflation here. Then we have some real fireworks coming Thursday night. Thursday is the last trading day before the NASDAQ rebalances the NASDAQ 100. They're adding Rocket Lab, Astero Labs, Teradyne, Nubius and Corewave. And they're replacing Varus, Cognizant and Smed, Zscaler and Charter Communications. Now these index admissions move things and I think we should see. We got to keep keep track of the fact that Space X is going to be coming into the NASDAQ 100 very soon. You know what? I think people are going to continue to buy it because they want to play for this. Now this dismissal is a black mark on Zscaler. By the way. Z Scale is a software as a service company and those have fallen viciously out of favor. Wall street, almost every one of them was down today, including Adobe. Just check about what happened to Adobe. Reported last night it was a disappointing quarter. The CFO left, the forecast wasn't good and the stock cannot lift. And that comes on the heels of Adobe losing its CEO. All very, very difficult. Finally, before the open Thursday, we have two companies I think are struggling, Kroger and Accenture. Kroger, like every supermarket, is getting hit with higher bills and has to pass some costs on to the consumer. But it's too difficult to pass on all of them, so its margins will be shrinking. Accenture, the consulting company, has seen its stock fall a spectacularly terrible 36% for the year, largely because people believe that it's being out competed by open air and anthropic. And it's true. You can do a lot of things with Anthropic with Claude that might make it so you don't need to spend as much money on Accenture. The success of Today's placement of SpaceX is something to be studied for years. They nailed it. And in doing so, they've created a path for many other companies to come public. It's a win for the market. And if we don't get peace, and if we get peace, I'm sorry, it won't be stopped. You're going to see a lot more deals. Here's the bottom line. I was negative coming into today. I was worried about this deal. They got it right though, and it can go a long way toward creating a far more constructive environment. But if we keep seeing big IPOs, eventually we'll be crushed under the weight of all that stock. Let's hope they pay some out over the summer. After today's huge deal, we need to catch our collective breaths. Let's go to Dan in Kentucky, please. Dan.

[Caller / Audience Member]

Hey, Jim, thanks for taking my call. I'd like to ask you about Eli Lilly again. It got a high share point, price point. But maybe it'll split. Maybe this year.

[Jim Cramer]

I don't know if they're going to split it, but I got to tell you, the earnings are coming through. The drugs are coming through. They've got momentum, they've got build out of a lot of different factories so they can produce all the GOP Dash 1s. I want you to huge position for my travel trust. I want you to stay in the stock. I think it's a really good one. Let's go to Paul in Texas. Paul. Booyah.

[Caller / Audience Member]

Jim.

[Jim Cramer]

Mm. What's up?

[Caller / Audience Member]

I have a stock that I've been watching for the last two or three months now. Over the last year, it's been in a downtrend from its all time high, but it's taken a couple of ticks up and it pays a 7% dividend. And I'm just wondering if maybe this company would be a time to start taking a small position in and my company is Progressive pgr.

[Jim Cramer]

You know, I got to tell you, that group is under a lot of pressure. I don't actually see that yield as it is, but a lot of pressure. So a downgrade to Travelers to sell Travelers pristine company. I saw Chubb some records cut numbers say I don't want you to touch it. When you see number cuts in an entire industry, it doesn't matter how good this one company might be. And they're good company. Let's go to John. New York, please. John.

[Caller / Audience Member]

Hey, Jim. Booyah. Thanks for joining us.

[Jim Cramer]

Of course.

[Caller / Audience Member]

So I want to start by just letting you know I come from a family of educators and in fact my dad was a college professor. So I've got a really deep appreciation for the gift of teaching, which is something that you absolutely have.

[Jim Cramer]

Thank you. Thank you.

[Caller / Audience Member]

As a, as a newer investor, your ability to break down the basics of investing has really been a wonderful gift for me. So thank you.

[Jim Cramer]

Thank you. I mean, that's what this is about. I just break it down. Look, I tried to make it as interesting as possible. I mean, people are looking, you know, you know what an educator really does. Takes the topics really hard, breaks it down, makes it easy. So that Someone not oversimplified, but makes it so that it can be understood. So thank you for those kind words. Thank you. How can I help you?

[Caller / Audience Member]

Yeah, so I'm calling about the issue of when and how to trim gains from a particular stock. And in my case, that stock is Estera Labs.

[Jim Cramer]

Alright? Now this stock is out of this world. And if you were in my office every day you would say, oh my God, what is this Hystero? What is it doing? What does it do? What? Do it. Here's what you're gonna do. You take 25% off. It's probably your almost your entire cost basis and then you let it run. But you have to take 25% off that. I'm not worried about the parabola. That is. As zero labs make that move though, it will feel a lot better. I admit I was negative coming to this deal. I was very concerned. But they did it right. I didn't think that they could pull off everything. It was so difficult. Hats off Goldman. Hats off Morgan Stanley. Hats off Elon Musk. Home everybody. Tonight, SpaceX finally public. As I just said, I've got a few thoughts. I'm putting the historic IPO into context. Then the market is focused on SpaceX, myself included. But I am eyeing some other companies that are out of this world. I'm looking back on the high profile public debuts of 2026 away from space X. So stay with Kramer.

[Podcast Host / Advertiser]

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

[Venture Global Representative]

Never bet against American grit or American Energy through innovation. Venture Global is not only building some of the largest energy facilities in the world right here in the United States, but delivering American energy at a fraction of the cost in a fraction of the time. So while others are busy talking, we're busy building. That's Venture Global. That's unstoppable. Energy

[Podcast Host / Advertiser]

trading at Schwab is now powered by Ameritrade, bringing you an expanding library of education with even more ways to sharpen your trading skills. Access new online courses, insightful webcasts, articles, engaging videos and more, all curated just for traders. Plus guided learning paths with content designed to fit your unique interests. And no sifting to find exactly what you need so you can spend your time learning to trade brilliantly.

[Jim Cramer]

Learn [e-mail] trading I started Ornod in 2013 and we make bike apparel. The best part of Shopify for me is our ability to run the business as essentially non technical people. We're able to admin everything on the back end, front end and sell things online easily. If Shopify were a bike accessory, I think it would actually be the bicycle. It's the thing that you do the thing on. We run the business on Shopify. Start your free trial on shopify.com. Is it too late to get into the stock of Space X? Depends. If you're looking for short term gains, I suggest looking elsewhere. But if you're willing to look at this as a different kind of stock, not a short, even medium term investment, but a long term call on space exploration, then you've got my blessing. When I was a kid this would have been NASA, but now it's all Musk. If you acknowledge that, it's perfectly fine to decide you want to be in the stock even if there's no intermediate term. And if it comes down, I think you should buy more because the long term upside is conceivably unfathomable. The full panoply of ideas in the head of Elon Musk. I know he's become a more controversial figure since he got involved in politics, but the man's a moneymaker now for much of the day. I heard that Space X may be outrageously overvalued going by traditional metrics. I can't argue with that. However, there are a ton of buyers and while they can be wrong, I think they've considered the risk and recognized that there could be loss as far as the eye can see. I'm with them. I believe that eventually Space X will break out to the upside. I just have no idea when that will happen. In the interim, if the stock comes down, that's an opportunity. By the way, I didn't feel like this about Tesla until much later when the coast was clear and we caught 96% of the entire move up since I changed my mind and went positive. Now that I've dispensed with the naysayers, let's talk about some winners from this ipo. First, Goldman Sachs and Morgan Stanley handled this deal perfectly. The stock opened at a reasonable price versus the IPO price. Not so high that it would encourage flipping, not so low, that is to ferment panic. That's amazing considering the disparate nature of the new shareholder basis mandated by Musk. Fantastic managers. Well played, ladies and gentlemen. Kudos to them. Second, I am in awe of Those who work at the company line workers have become who become millionaires. I mean, come on, that's fabulous, right? And then there's Elon Musk, the world's first trillionaire. This man of so many faces is about as controversial as any industrial since the robber baron era. Today though, I think we block all that out and just say that he's done a fabulous job over many years to make us first in space while giving us the first reasonably priced voice and cable satellite dish ever. Oh, and did I mention is better quality. Now this stuff is personal. From my point of view, the SpaceX IPO felt just like when we put a man on the moon. Most of you aren't old enough to remember what that was like back then. We've been in a race against Russia for global supremacy and the press had us losing them on every single front. And then we landed on the moon. A surge of pride, a recognition that we weren't a nation of bozos competing against a nation of geniuses. These days I feel the same way about China. It's almost impossible to read an article about China without getting the sense that they're simply a more serious country. In many ways we fall behind robots, cheap self driving electric cars, advanced weaponry. Then along comes Elon Musk, who's winning the space race against the Chinese and just got the money he needs to complete projects we haven't even imagined yet. That's why my emotion is one of pride. We may be a bunch of losers, as I read every day in the mainstream media, but not when it comes to space. Thanks Elon Musk. Well done. Hand money's back after the moon.

[Podcast Host / Advertiser]

Coming up, struck out on today's SpaceX IPO. Have no fear. Kramer's revealing his favorite alternative space related stocks. Next,

[Jim Cramer]

Geigo 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

[Podcast Host / Advertiser]

who was staring back at me in betrayal.

[Jim Cramer]

Or more like what, my insurance bill.

[Podcast Host / Advertiser]

With trembling hands I grabbed my phone

[Jim Cramer]

and switched to Geico, saving about $900 in the process and never to be betrayed again. Now that was bloody riveting.

[Podcast Host / Advertiser]

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

[Venture Global Representative]

Never bet against American Grit or American Energy through innovation. Venture Global is not only building some of the largest energy facilities in the world right here in the United States States, but delivering American energy at a fraction of the cost in a fraction of the time. So while others are busy talking, we're busy building. That's venture Global. That's unstoppable energy.

[Podcast Host / Advertiser]

This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Landsford 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] MarketUpdatePodcast or find Schwab Market Update wherever you get your podcasts.

[Jim Cramer]

Now that SpaceX has come public and shot up 19% on his first day tray, let's talk comparisons. Because any other space play is much cheaper than this one. They all sold off today as people sold all things space so they could swap into Elon Musk. Incredible operation. I get a Space X is what everyone wants in the space cohort Already had a gigantic run the months leading up to the ipo. But if you believe in Elon Musk, you should take him seriously when he says that the overwhelming majority of future value comes from artificial intelligence, robotics and spaceflight, with these groups eventually dwarfing every other industry. So I think it's worth having some space exposure. And not everyone's willing to pay up for Space X. We have to have a lot of stocks that are down right now since that deal has occurred. You know what? One name it keeps coming back to me is a little abstruse. It's called S E S. That's the Luxembourg based satellite and spectrum company. SES is one of the few publicly traded satellite spectrum plays. It's not terribly expensive, unfortunately only trades in Paris and Luxembourg. I don't typically recommend investing outside the US exchanges, but I think this one's worth highlighting, if only just to show you what's out there. Is much more direct after its acquisition of Intelsat last year. Has roughly 120 satellites, some geostationary, some in medium earth orbit, as well as major ground networks and valuable bands of wireless spectrum. Geostationary satellites stay focused fixed above one part of the planet, making them very useful for broadcast wide area connectivity or all kinds of government applications. Medium earth orbit satellites sit closer to the planet. They give you better performance for data and lower latency. They're faster. FCC did about $3 billion of revenue last year that their networks division is the lion's share of the business, driven by in flight wi fi and a big jump in mobility. Their government division grew from military and sovereign communications contracts. Now has a lot of debt from the intelsight acquisition, but it gives the company much More scale and more relevance. At a time when planes, crude ships, defense customers and global networks all want better connectivity. You can see that demand on any flight. Now we know Space X is Starlink business is amazing. The apptage here FCS has the ability to be when you combine SES's satellite business with their value of their spectrum assets. I think the stocks represents pretty darn good value here if you happen to live in Europe or see maybe if you can get it from your broker. Ses I like it here. Of course we're talking about space so it's risky, right? Capital expenditures are high. Debt burden is real. Old media business declining low earth orbit constellations like Starlink and Amazon's Kuiper, which is now Leo are legitimate competitive threats. Is still more of a legacy satellite company that's trying to prove its assets deserve to be valued like strategic infrastructure. But at this valuation I think the market may be giving sess very little credit. Unfortunately again the markets in Paris kick the tires. Next up is Rocket Lab R klb. Now this is a well known and well loved space stock. It's not undiscovered anymore in the valuation reflects that Rocket Lab is a one stop shop. It's builds the rockets that fly to space and the satellites that operate once they get there. Just say it joined the NASDAQ 100 but even that was enough to pop up the Stock which dropped 11% again it's because it's a source of funds for Space X. Right now Space Systems generates the lion's share of the company's revenue due to some massive prime manufacturing contracts. They make individual satellite components and build custom spacecraft for clients. Electron, its signature small lift orbital rocket has matured into a reliable platform for launching small satellites. Rocket Lab achieved more than 20 launches last year. Companies on track for even more launches this year. Launches are hard to do at the same time they have this other platform is called Haste H A S T E which that's the military uses for supersonic test payloads. That gives Rocket Lab exposure to the defense budget. And there's a lot of meat in there. Lots of fat too. Let me call it marbled. Then there's New Tribe, the company's next generation medium lift rocket that could push Rocket Lab into more mainstream commercial national security launches. That said, while the stock's cheaper than SpaceX is still pretty darn expensive. Trading at 65 times sales not earnings sales you have to pay up for the 64% growth delivered in the latest latest quarter. Now given that the stock's still up nearly 300% over the past 12 months. There is no reason to chase this one at all. While Rocket Labs is the cleanest way to play space infrastructure, I think you get a much better entry point if you just wait for more of a pullback. Next up, Planet Labs. Okay, now this one's all about data from space. Planet Labs operates a fleet of Earth Observe observation satellites and sells imagery, analytics and intelligence to both governments and to commercial customers. These satellites can cover the entire World every 24 hours. Of course, if we're using human labor, it's very difficult to process all that data. But with the rise of AI, Planet Labs is suddenly a lot more valuable, which is why they keep launching new analytics tools. Customers don't just want pictures, they want answers. They and they want them without having to look through millions of images every single day. Now they can get that with which is what Planet Labs. It's why the stocks rally more than 4 and 70% over the past 12 months. Planet's latest results tell the story. Revenue was up 42% year over year. Defense and intelligence grew more than 65%. The remaining performance obligation was up 81% and their backlog increased by 72%. Those are big numbers, people, and they show that there's real demand here, especially from government contractors. But Planet Labs is not cheap either. Even after today's beat down after trying this year, the stock trades at around 26 times sales. That's not as expensive as Rocket Labs, but the growth isn't as good either. It belongs to the conversation, but it's not a stock you should chase blindly at these levels. In the end, there's no Space X clone. The company is one of one. But you have legacy satellite assets in SES and a similar type of satellite and spectrum of complexity in EchoStar, which pairs satellite assets with consumer brands like Dish and Boost Mobile. You have high quality space infrastructure in Earth and Rocket Labs, you have Earth observation data. With Planet Labs, you have AST Space Mobile, which is building a space based secular cellular broadband network with carriers like AT and Verizon. You have Meme and Moonshot plays like red wire. Momentous. And you have Amazon, where the space angle is vast but buried inside one of the largest companies in the world. So here's the bottom line for the space stocks. Today was the day where everything else got sold off so that people could buy the stock of Space X. But maybe that gives us an opportunity. If Space X keeps trading like one of the six biggest companies in the world, investors will keep hunting for publicly traded Space plays. Unfortunately, most of these probably have more pulling back to do, but some of them are good enough that they're worth watching on the way down, like Rocket Lab or Planet Labs. If you're patient, I bet you can eventually get a great entry point to do some buying. Daniel Misconstion. Daniel.

[Caller / Audience Member]

Oh, yeah. Jim hall from Pleasant Ferry, Wisconsin.

[Jim Cramer]

And how are you doing, partner?

[Caller / Audience Member]

Oh, I'm doing wonderful. Going to party? If it weren't for me, I'd give you a raise, buddy.

[Jim Cramer]

Give me a raise? Are you my boss? I got a lot of bosses here. The other boy. You should talk to the other boss about that, but go ahead. What's up?

[Caller / Audience Member]

Hey, Dell's up 155% since the end of March. Should I buy, sell, or hold?

[Jim Cramer]

You know, you want to hold on there. I think it's a terrific stock. As a matter of fact, if it pulled back any more than it has, like I was looking at yesterday, I said, geez, you know, this thing has really come down very quickly, and it's just a terrific buy. Michael Dell, by the way, is doing fantastic work. I'm helping him with this. I know it's probably not lit, right? And you can't do it and not supposed to do this, but it's only 22 more days. My friend Brad Gerstner is doing this, too. We all want to help out. Michael Dell's probably one of the biggest givers to that. It's an easy call to say to buy Dell and to believe in Michael Dell. How about we go to John and Phil, Florida. John.

[Caller / Audience Member]

Jimmy, Jimmy, Jimmy. Blue Horseshoe loves Jim Cramer and Nvidia.

[Jim Cramer]

Wow, I love it.

[Caller / Audience Member]

Question.

[Jim Cramer]

Yeah, Jim.

[Caller / Audience Member]

How does the world know when a company completes an $80 billion buyback, and if the company is going to 10 trillion, can the dividend go to a dollar?

[Jim Cramer]

Yes, yes, absolutely. Look, I. I think I look at the company today.

[Caller / Audience Member]

Should I buy AMD at $500 a share?

[Jim Cramer]

I. Look, I'm like AMD, too. I'm partial in video, which has done absolutely nothing of late but leases to. You're talking about great companies. You're talking about great companies right now. My favorite is Nvidia, but AMD is fantastic. If you told me you bought that, I'd say that's terrific, too. All right. Now, today, all the space stocks got sold so people could buy SpaceX. So I thought we should look at all that. But if you're patient, I bet you can eventually get a great entry point in some of these other space plays. Much more man money. And including my analysis of some recent non SpaceX IPOs that we profile the show. Man, I've been feeling a lot of emotions today with regard to this new $2 trillion public company and I wanted to share them with you. Including one that is just the of part plain old pride. I'm taking a look back in history and putting today's milestone in context. Of course Oil calls rapid fire. Tonight's edition of the Lightning round. So stay with Kramer. As we witnessed the largest IPO in history today. IPad, I want to remind you that SpaceX is not the only newly public company we're really dealing with here. There are nearly a dozen recent IPOs that I recommended just this year lo and I want to walk you through them, kind of do a little follow up, see how they're doing. Now back at the end of January for instance, I highlighted equipment share.com which is an equipment rental company with its own sophisticated software platform. What sets this company apart though is that they've come up with a capital light business model. They buy new equipment, sell it to institutional investors, then lease it back from those investors before renting it out their own customers. Yeah, it's the same way many retailers handle real estate. The stock had a nice start to it. I was cautiously optimistic when I recommended it. Well, it turns out that was too bullish. Equipment Share has now fallen from just under $30 where I covered it to just under $20. Now in fairness, I recommended this one but right before the wind of war and I think that that really got it. It caused a big spike in both oil and interest rates. Still, even with the war, Cramer favor United Rentals still managed to rally 20% over that same Pierce's back hold by for what it's worth, Equipment Share reported a strong beat in raise quarter a month ago where management talked about seeing an unprecedented level of demand. So I'm inclined to stick with it. This is the kind of stock that does indeed get cheaper as it goes lower. And it's going to gone. It's gone a lot lower. Then again, the lockup on insider selling expires on July 22nd and that's likely to give you another pullback. Now second, in early March I recommended forging Power Solutions as a maker of electrical distribution equipment using data centers, the power grid and all sorts of energy intensive industrial facilities. Now I covered this one in early March about a month after it came public and I told you I liked it because it was trading at a sizable discount to its closest competitor, which is virtual, the one that Dave Cody's chairman of since then forging became an incredible performer, rallied from $34 to $59, 75% gain thanks to a couple of very strong quarters. In fact, Fortune did a secondary offering at the end of May, often the kiss of death for a newly public company. But the starting thing, it just kept growling. At these levels though, you got my blessing. Marine the Register has been a home run, ideally before the lockup on insider selling in this one which is ends in early August. Third in early April I highlighted a drone software companies called Swarmer that had come public in March at $5, only for the stock to soar to $26 by the time I covered it. This was an exciting story, but I found it just hard to aggressively recommend a red hot stock like this when the underlying company barely had any revenue. Turns out I didn't have enough imagination as former assumed from $26 back then to $45 and change today. Although it's pulled back hard from $55 a couple of days ago, I think like many winners, it's fallen victim to selling by people who want to raise funds for the Space X deal. And look, given that Swarmer brought in a little more than 20 grand in revenue from the latest quarter, I still find it really hard to recommend the stock right here. Fourth in mid April I recommended Madison Air Solutions. Now this one symbol M A I R or as I now call it, Mayor of Easttown. That's a great TV show nicknamed for a great company. Madison Air's airflow and cooling play for the data center that also has exposure to semiconductor manufacturing is the two hottest areas there are. I told you it was a buy right then there came public and the stocks now rallied from $31.75 just under 40 when Madison Air reported last month they delivered much better than expected numbers with a very strong full year forecast. Given that the stocks pulled back about 10% from its highs last week, I think you buy it right here, right now. 5th on April 17th I recommended a stock called a VX, which is a private equity backed drone maker that has a big contract with the US Military. While the drones are clearly the future of warfare, this stock's been more of a roller coaster. It was trading at 26 when I talked about it and it zoomed to $40 at its highs in late May. But unfortunately AV X Avix used that rally to sell another 8 million shares, which is a big chunk of stock given that they only sold 16 million shares in the IPO. Should notice the theme of all these Secondaries. People are just kind of bailing right now. All that new supply has pulled this one down to 20 bucks and changes of today. I still think the fundamental story here is terrific. AEV reported a great quarter last month, but the flood of new supply makes it harder for the stock to rally like crazy. Near the end of April I talked about X Energy. I've been following up on this one I kind of really like. It's been designing small modular nuclear reactors with plans to license this technology to customers who can then build nuclear plants at their own risk. Once those plants are up and running, X Energy wants to sell them specially processed uranium. Cool business model, but I warn you that as much as I like the story is very speculative operation. Of course it's mostly because things won't really start kicking in until 2032. I said you should only buy it with money you can afford to lose and now you can see why threw in those cabbages. Ex Energy is to pulled back from 31 to 19. It's now four bucks below where it came public, even though not much has changed here. Now if you do like the nuclear power story like I do, you know what? I'll bless it. You can buy some next. About a month ago I gave my hawk on my Busy the Hawkeye360 which is a space and defense company 30 satellites that it uses to gather signals intelligence for governments around the world. Now this is another one that blew up in my face, pulling back from 33 to 24 and very little company specific news. Even though the analysts are pretty darn bullish about this one. I think this is a case where people have sold the satellite stocks again in order to raise funds to buy Space X. Everything's been roiled by this deal. Hawkeye is not alone here. Planet Labs is also down 40% from its late May high. Now this one's my bed too. I knew the SpaceX IPO would suck in money from the rest of the market and Hawkeye 360 was an obvious target. Finally let's talk about Cerebra Systems which makes enormous ultra fast semiconductors to handle AI inference Workload is supposed to be a competitor in video. It was the biggest IPO of the year before today and it jumped 68% right out of the gate. I told you the stock was way too expensive at those levels. Great business, but I couldn't justify the price and I am glad I didn't try. Cerebrus was at $311 when I told you it was way too pricey Stay away. And now it's come down to 214, losing nearly a third of its value. Sweepers has become a cautionary tale as far as I'm concerned. If you bought this thing after open on the first day of trading, you've been crushed. Even after the pullback, this one's too rich for me. Reminds me of Figma. I just hope Space X doesn't follow the same downward trajectory. And I don't think it will because there are so many buyers and it was priced much better than Cerebras. Here's the bottom line. SpaceX has caught fire right out of the gate and it's all anyone wants to talk about. And I don't blame. But even within the world of new IPOs, remember that you've got plenty of other options. Their money is back after the break.

[Podcast Host / Advertiser]

Coming up, he's the fastest mind on Wall street. So we're putting him to the test with your help. Bring on the lightning round next.

[Jim Cramer]

It is time. It's time for the wide round country Never. After North Tony stocked out of Bye Bye. It's also typically no cars ahead of time. My staff to visit the Griffin fighting sound. And then the lighting round is over. Are you ready, Steve? Daddy Lightroom. Come on. Start with Jeff in Florida. Jeff hit me.

[Caller / Audience Member]

Booyah, Kramer. Booyah.

[Jim Cramer]

Jeff Kramer, are you there? You bet I am. Heavy Jeff. Come on, let's go, let's go, let's go.

[Caller / Audience Member]

Constellation Energy.

[Jim Cramer]

Oh, man, it's come down way too far. Come down. But no, no, no, no. This has been. Back it up, back it up. It's come down a lot. Let's go to Bob in Rhode Island.

[Caller / Audience Member]

Bob, Jimmy Cho.

[Jim Cramer]

Yo, yo.

[Caller / Audience Member]

How are you doing?

[Jim Cramer]

Right. How about you, Chief?

[Caller / Audience Member]

The biggest booyah from the littlest state, Rhode Island. Appreciate all you do for us little investors.

[Jim Cramer]

I appreciate it. Thank you for those kind words. What's up?

[Caller / Audience Member]

Hey, Jim. About six months months ago you covered this stock which at the time was trading in the range of like 130 to 1 145.

[Jim Cramer]

Okay.

[Caller / Audience Member]

You mentioned it was worth consideration south of 145. I bought it at 130, which is good. The stock today settled in around 250. The question is, is it time to bring the register? Continue to hold or buy more? Crdo. Credo Technology.

[Jim Cramer]

Credo is just so good. It's a networking company. Just hold on to it. It's amazing. Maybe think a little bit your cost base. Get. Try to get. Get your cost basis out a little bit because this thing's been on a parabolic move, but what a great company. Let's go to Daniel in Florida. Dan.

[Caller / Audience Member]

Booyah, Jim. Booyah. I've been watching, I've been watching Manpower Group for a while now, and I'm thinking of pulling the trigger. And I was just wondering, what are your thoughts?

[Jim Cramer]

You know, I have no edge in Manpower. It's never really been a great win for me. I mean, look, I don't mind paychecks down here. It's got a good yield and I think that can make a comeback. But Manpower has never done it for me. I'm sorry. Not a lot of growth there. Let's go to James in Michigan.

[Caller / Audience Member]

James, Jim Perrigo. Stock trades at a fraction of where it was a decade ago with management restructuring the business and reducing debt. Do you see this as a turnaround opportunity or a value?

[Jim Cramer]

No, I mean, this is a value trap. I really do think. I mean, there's just something going on here. Study it for a very long time. It does not have any growth. I don't want it. Let's go to Carol in Colorado, Carol Bouillon. Jim, my husband and I have learned from you for 20 more years and are loving being in the club. Thank you. You're terrific. We got a big speech next week. Thank you very much. How can I help having owned this

[Caller / Audience Member]

stock for six plus years and having significant gain in a taxable account. Should we buy, sell or keep holding?

[Jim Cramer]

Cadence design. Cadence is a hold and if it comes down, it's a buy. This is a company, by the way, the Lip Bhutan used to run and it is sensational. I love it. And we've had them on. They're real smart guys. And that, ladies and gentlemen, conclusion of the Lightning Round.

[Podcast Host / Advertiser]

The Lightning Round is sponsored by Charles Schwab. Coming up, Kramer's opening the phone lines. Get your biggest market questions ready. Kramerica, we're turning the mic on over to you next.

[Jim Cramer]

Markets are at all time highs right now. But over the last couple of weeks we've seen big pullback in tech, cruising volatility all across the tape. Then massive IPOs like Space X finally hit the Wall street fashion show and make waves. And with more on the way this year, it's a tricky time to be an investor. Some days good, some days bad. And that's right. Tonight we're going to take a step back and feel some questions from the voices of Creamerica. We're opening the phone lines to make sure you're prepared for whatever the market might bring. I'm going to start first with Nathan in Texas. Nathan.

[Caller / Audience Member]

Hey Jim. I'm a long term value holder but I also am an active swing trader and I'm concentrated across the full infrastructure stack from power chips, infrastructure models, apps. I've got dry powder ready for what feels like an inevitable correction. My question is about sequencing which layer dips first and where would you deploy

[Jim Cramer]

the layer that's been dipping first is the Vertiv layer and I was listening Dave Cody today on our network talk to talk to Kelly and I've got to tell you, I think he's chairman of Vertif. I'm just going to say that's the first layer and that's the best layer. That's where you want to be. I think that that's what you ought to go for. Boy, Dave told a good story today. He really did. And I think that that's the one I'd like you to go with. And congratulations on all your success. I love all the stuff you're up to. Next, let's go to Bill in Nevada. Bill, Hello, Bill, it's Jim. What's going on?

[Caller / Audience Member]

Oh, hi Jim. I'm on low income, strong Social Security and last few years I've saved up about $27,000 and right now I've got it in bank secure or CDs and, but not making a whole lot, getting almost 4% which is not too bad for CDs but I thought maybe there might be something a little bit better.

[Jim Cramer]

But yeah, yes, we can step it up. I'll tell you what we're gonna do. You know, we're going to go to Energy Transfer Partners. That gives you seven. It's been really good. You know the old days I did, I tussled with the CEO because they were taking down too much debt. They kind of stopped that. They're doing real good. And then the second one, because I know that there's a big plastic shortage in this country, I'm going to recommend Enterprise product partners shields 5.91. So you put those two on, you had a six and a half percent yield with some growth. That's the best course for you. I really do want you to do that. You'll pick up money and you'll make some and you got a possibility of some nice income. If you miss those, you just. I do write about them and how to make money in any market. Now we're going to go to. Is it Bill in Nevada? Bill, I think it's Sean, right?

[Caller / Audience Member]

No, it's Lee or Liam Washington.

[Jim Cramer]

Lee. What's up Lee, how you doing?

[Caller / Audience Member]

Jim, it's great to speak with you after watching the show, after you're, after all these years.

[Jim Cramer]

Oh, thank you. I'm glad you're here. I'm glad you're here. What's going on?

[Caller / Audience Member]

So what's going on is I really dropped the ball on Adobe. I usually get like, I usually set up, you know, stop losses, but this thing's been a free fall obviously all year. And two part question one is do you see anything in the, in the, I would say medium range future that could turn the narrative around and pick the stock stock up or should I wait for some sort of meaningful balance? Just.

[Jim Cramer]

No, no, no. The CFO just quit to go to Marvell Tech. The CEO has resigned. There were many aspects of that quarter that weren't nearly as good as it looks. I did a big rundown of it. Despite morning for squawk on the street, I would be down 42%. That doesn't matter. The fact is that the stock is valued at 82 billion and it probably is worth, I'd say maybe, maybe 60 billion at the most. It's got some good businesses, but it's in secular decline and I don't want you in it. And maybe, sure, maybe it would bounce from 204 to 220. I can't fool around here. I don't to want like the stock. I know that there are some really nice people there. I feel bad that I'm just so cut and dried about it. But there was nothing about this quarter that they were. They seem to think they're doing well or they're trying to tell us they're doing well. But we all know when we see that kind of recurring revenue slowdown that was definitely there and obvious you can't be there. So we're going to have to say go Adobe. Let's go to Sean in California. Sean.

[Caller / Audience Member]

Hi Jim. Great show and thank you for all you do given.

[Jim Cramer]

Thank you, buddy.

[Caller / Audience Member]

My pleasure. Given the SpaceX is due to launch its first test data center satellites near the end of 2027, I'm calling to ask your thoughts on how data centers in space will impact memory chip stocks and the supply shortage. Thank you again.

[Jim Cramer]

Well, I don't think they will because by the time that they're commercial, I think we think that will probably not be a shortage because remember, AMAT is doing its best. So is lam research doing the best. If you want to know how to play that, you would just have to go out and buy and buy Space X because no one else is in that business right now. I mentioned Vertiv earlier. Vertiv is trying to be in that business and maybe will be in that business. But I think it's really a question of just being in space X plain and simple. Finally we have Brendan in Massachusetts.

[Caller / Audience Member]

Brendan, Jim, thanks for taking my call. Booyah, booyah.

[Jim Cramer]

What's up?

[Caller / Audience Member]

Brandon, I've been building a position in Fubo and wondering what your thoughts are. Now that they have a large investment from Disney at 70%, they've re established a partnership with NBCUniversal. What do you think?

[Jim Cramer]

It's media and you're going to have a very hard time getting me to like anything media at all. You're really relying on takeovers, but they draft grass restores. Like sure, a basketball game had a lot of numbers. So suddenly good numbers. Are suddenly we supposed to start liking those stocks because they had a big basketball game? We got to get realistic. This is an industry. It's in secular decline and we're not going to invest in it just because it looks very cheap. Okay, want to thank you to all the callers. I mean you voices of Crane America, you're terrific. I like to say there's always a bull market somewhere and I promise try to find it. Just for you right here. Mid Money. I'm Jim Cramer. So see you next time.

[Legal Disclaimer Narrator]

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 a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Kramer's opinions are based upon information he considers reliable, but neither CNBC nor its affiliates Anderson 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 forward/madmoneydisclaimer.

[Podcast Host / Advertiser]

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.