Mad Money w/ Jim Cramer 6/27/25

Summary

Mad Money w/ Jim Cramer – Episode Summary (June 27, 2025)

Host: Jim Cramer
Producer: CNBC
Release Date: June 27, 2025

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1. Market Overview and Current Trends

Jim Cramer kicks off the episode by reflecting on the market's resilience amid recent turmoil. He highlights the stunning performance of the S&P 500 and Nasdaq, which reached record highs despite political tensions and economic uncertainties.

• Jim Cramer: "I keep hearing the word resilient. I say, how about stellar? It was never easy, including today..." ([01:25])

He attributes the market's strength to individual investors' steadfastness, noting that while institutions were volatile, individual investors consistently "bought the dip" and benefited from the rebounds.

• Jim Cramer: "The individual investor has learned that the best way to make money is to stand pat, stay in, maybe even add money into the declines..." ([03:00])

Cramer also discusses the annual Russell rebalancing, explaining its impact on smaller stocks and predicting potential volatility as the market adjusts.

2. Key Upcoming Events and Earnings Reports

Cramer outlines the brief week ahead due to the Independence Day holiday, emphasizing major events that could influence the market:

• Monday: Special interview with Andy Jassy, CEO of Amazon. Topics include investments in rural delivery, advancements in Alexa, growth of Amazon Web Services, and international business expansion.

  • Jim Cramer: "We'll talk about everything from investments in rural delivery to new and improved Alexa..." ([05:00])

• Tuesday: Earnings results from Constellation Brands, a pivotal company in the consumer packaged goods sector facing challenges from GLP1 drugs and shifting consumer preferences toward cannabis.

  • Jim Cramer: "Constellation said its sales have been hurt by concerns in the Hispanic community about mass deportations..." ([06:30])

• Wednesday: Mortgage application numbers and the June non-farm payrolls report, crucial for assessing the labor market and potential Federal Reserve actions on interest rates.

  • Jim Cramer: "If we get a weak number, the President is most likely on that day going to call for Jay Powell..." ([07:45])

3. Listener Calls and Stock Recommendations

Cramer engages with listeners, offering insights and stock recommendations based on their queries.

Caller: Rick from Napa, California ([08:52])

• Topic: Thermo Fisher and Danaher stock positions.

• Cramer's Take: Advises caution due to connections with China, suggesting not to buy Thermo Fisher until there's a pickup in Chinese orders.

  • Jim Cramer: "I am urging you to not buy it till we see a pickup in Chinese orders..." ([09:19])

Caller: Chuck from Illinois ([09:19])

• Topic: A X O N Industries investment strategy.

• Cramer's Take: Recommends buying but warns against overextending due to the stock's recent all-time high.

  • Jim Cramer: "If you want to buy 100 shares by 25 Monday and then you got to wait for it to come down..." ([10:30])

Caller: Frank from New York ([10:45])

• Topic: Micron's stock behavior post-earnings.

• Cramer's Take: Views the stock's volatility as typical for Micron, suggesting it's a momentary pullback and a buying opportunity at around $120.

  • Jim Cramer: "I like the stock of 120..." ([11:00])

4. Featured Company Spotlight: Samsara

A significant portion of the episode is dedicated to Samsara, a software infrastructure company specializing in the Internet of Things (IoT). Cramer delves into an interview with Sanjit Biswas, CEO of Samsara, discussing the company's strategies and technological advancements.

• Jim Cramer: "Samsara is a software infrastructure plate focused on the Connected Operations Cloud..." ([15:08])

Key Discussion Points:

• Customer Benefits: Enhancing safety and efficiency for large-scale operations through AI-driven analytics.

  • Caller (Sanjit Biswas): "These are businesses that have been around in some cases over 100 years... they're looking at digitization." ([16:25])

• Safety Innovations: Utilizing wearables and AI to reduce risks and accidents in frontline operations.

  • Caller: "We can use AI to help coach drivers... it reduces risk, breaks bad habits, and saves the company money." ([18:36])

• Fuel Management: Optimizing fuel usage in large fleets to achieve significant cost savings.

  • Caller: "Understanding engine idling can save millions of dollars..." ([19:21])

• Asset Tracking: Implementing technology to prevent equipment loss and ensure asset utilization.

  • Caller: "Tracking assets ensures their utilization and prevents costly losses..." ([19:46])

• Innovation through Collaboration: Emphasizes the importance of customer feedback in developing new products and solutions.

  • Caller: "It's about brainstorming with customers to move the needle..." ([22:06])

Jim Cramer praises Samsara's approach to addressing operational challenges and maintaining strong annual recurring revenue, underscoring the company's potential for growth.

• Jim Cramer: "That's why I'm more interested than usual in something called the Chicago PMI..." ([07:45])

5. In-Depth Analysis: Apple Inc.

A substantial segment of the episode is dedicated to Apple, examining its stock performance, valuation, and future prospects amidst political and market pressures.

• Jim Cramer: "Apple's been trading sideways... down nearly 20% year to date, and devoid of any momentum whatsoever..." ([24:50])

Key Insights:

• Valuation Metrics: Apple trades at 28 times earnings, down from its peak but still above historical averages.

  • Jim Cramer: "Apple trades at 28 times earnings, while the S&P now sells for 23 times earnings..." ([28:00])

• Growth Prospects: With an expected 14% earnings growth for the current year, Apple’s PEG ratio suggests it might be undervalued compared to the S&P 500.

  • Jim Cramer: "Apple's PEG ratio is just under 2. So you could argue that Apple's already undervalued here..." ([29:30])

• Historical Performance: Cramer references past market movements, highlighting how Apple has rebounded from previous sell-offs by maintaining robust service revenue growth.

  • Jim Cramer: "In the last true bear market in 2022... Apple rallied 93% over the next two years." ([31:00])

• Investment Strategy: Cramer advises a cautious yet optimistic approach, suggesting buying if the stock dips below $180 but remaining confident in its long-term potential.

  • Jim Cramer: "If Apple would revisit that level, meaning if the stock falls below 180, then I think you have to buy it." ([30:45])

6. Lightning Round: Rapid-Fire Stock Recommendations

In the Lightning Round, Cramer takes quick calls from listeners, providing immediate buy, sell, or hold advice on various stocks.

Notable Highlights:

• Nebius vs. CoreWeave: Cramer advises against investing in either, citing overvaluation concerns.

  • Jim Cramer: "Not cor Weave. Oh no. He says just right now... we're not going to trust." ([40:05])

• Sweetgreen: Criticizes the company's significant stock decline and lack of profitability.

  • Jim Cramer: "The stock's down 57% and they're not making money..." ([41:35])

• Monster Energy: Recommends holding, praising its long-term performance despite recent downturns.

  • Jim Cramer: "That is just one smoking hot stock and I would not walk away from that..." ([42:12])

• Okta, CrowdStrike, and Palo Alto: Cramer expresses confidence in these cybersecurity firms, suggesting buying opportunities despite volatility.

  • Jim Cramer: "I want to own more Octa... I like crowdstrike and I like Palo Alto." ([43:00])

• McDonald's and Texas Roadhouse: Endorses these dividend-paying stocks for their consistent performance and resilience.

  • Jim Cramer: "You must own McDonald's... also Texas Roadhouse is terrific even though beef prices are high." ([44:00])

7. Generational Shifts in Investing

Cramer concludes the episode by discussing the emerging influence of younger generations in the stock market. He highlights the shift of investment power from baby boomers to younger investors, driven by platforms like Robinhood and a preference for innovative, high-growth stocks.

• Jim Cramer: "A wave of money, a virtual tsunami, is gradually being transferred from my fellow baby boomers to the next generations..." ([44:29])

Key Points:

• Investment Trends: Younger investors focus on big trends such as electric power, nuclear energy, flying cars, and cryptocurrency.

  • Jim Cramer: "They buy GE Vernova for gas turbines... they buy Joby and Archer for flying cars..." ([45:00])

• Adaptation Strategy: Cramer acknowledges the need to understand and cater to the investment preferences of this new demographic to remain relevant and helpful.

  • Jim Cramer: "I'm going to redouble my efforts to learn these stories in the second half of the year to be helpful." ([46:30])

8. Conclusion and Looking Ahead

Jim Cramer wraps up the episode by reaffirming his commitment to guiding both traditional and new investors through the evolving market landscape. He emphasizes the importance of staying informed and adapting to changing investment dynamics.

• Jim Cramer: "It's a big switch... but I see it happening and I know that these young people like new stocks..." ([47:00])

He promises to continue providing actionable insights and maintaining an open dialogue with his audience to navigate the complexities of Wall Street.

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Notable Quotes:

• Jim Cramer: "The individual investor has learned that the best way to make money is to stand pat, stay in, maybe even add money into the declines." ([03:00])
• Jim Cramer: "If Apple would revisit that level, meaning if the stock falls below 180, then I think you have to buy it." ([30:45])
• Jim Cramer: "Growth is king and growth is safety in this market." ([43:30])

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Disclaimer:
All opinions expressed by Jim Cramer on this podcast are solely his and do not reflect the opinions of CNBC, NBCUniversal, or their parent company or affiliates. They are intended for informational purposes only and should not be construed as specific investment advice.

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Next Episode Teaser:
Cramer teases the next episode, promising an in-depth analysis of Apple's potential sale opportunities and a continuation of strategies to benefit from the shifting investment trends influenced by younger generations.

Transcript

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[Jim Cramer]

Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer ar Friends. I'm just trying to make a little extra money. My job not just to entertain, but to educate, to teach you how this business works. So call me 1-800-743, CNBC or tweet me at Jim Cramer the next time you get too down about the stock market, I want you to remember this wonderful quarter where we got knocked down the canvas after Liberation Day, only to eventually rally all the way back and then some. I keep hearing the word resilient. I say, how about stellar? It was never easy, including today when the S and P and the Nasdaq hit record levels, then reversed after President Trump broke off his trade talks with Canada because it imposed a digital services tax, made it retroactive to 2022. But then the market eventually shrugged off the Canadian spat, with the Dow gaining 4 and 22 points and both the S and P and the Nasdaq climbing 0.52%, the latter two closing at record highs. None not out of 11 sectors were up today. This kind of stuff, so rare for so many years, has become commonplace in the last part of this quarter. Still, I think this market will remain strong even in the face of a jarring story like the Canadian tariffs. The individual investor has learned that the best way to make money is to stand pat, stay in, maybe even add money into the declines, which has been the best strategy for while institutions flitted in and out, in and out. There's data that shows that the individual investors stayed in and even bought more weakness. Yes, they bought the dip. It turned out to be right. That's pretty incredible. Incredible. Just stick with stocks during this period. You had to hold on through Liberation Day insanity. The endless calls by the President to get Fed chief Jay Powell to step down because Trump wants immediate rate cuts. The nonstop chatter about how the economy will crumble under the weight of trade wars, the relatively high interest rates, and the endless breathless chatter from Fed heads who end up not mattering anyway. It's a parade of horribles that requires you to hold your nose, avert your eyes and keep buying. So I salute you for staying in. I know it couldn't have been easy to hang on through this decline, but it sure was worth it, wasn't it? Okay, now, we did have this one anomaly at the end of the day, the annual Russell rebalancing. And that's where the Russell 1000, 2000, 3000 rebalance to reflect changes in the market's capitalization. This is a big deal because there's really very little liquidity in some of these smaller stocks. Look for many of the most egregious moves that were done at the close today to be undone Monday morning, both on the buy and the sell side. People didn't seem to know about it. It just. It's kind of strange because used to be such a big topic of conversation now also after the close, we got stress test results for the banks. It's an annual fair which gives the banks that they get good grades a chance to buy back a lot more stock. All 22 banks passed their stress test tonight. Not unusual. So maybe we can see a bunch of buybacks announced next week based on these good grades. I know that I have been very upfront about how Capital One cof. Good piece in the Wall Street Journal say about it has an opportunity here that would be the one that I think could do the best in terms of what people are thinking about going forward. With that out of the way, what's coming up next week? All right, a week that's really just three and a half days, frankly, because of July 4th falls incredibly well. It falls on a Friday this year and Thursday's now a half session. It's a slow week, but it does end with a bang. All right, now, Monday we have a very special interview with Andy Jassy. He's the CEO of Amazon. Huge position for my chapel trust. We'll talk about everything from investments in rural delivery to new and improved Alexa to the growth of Amazon Web services, the juicy gross margins of Amazon advertising, and why we love being prime members given its retail presence. Amazon's got a great read on the consumer. It's international business seems to turn the corner. We need to talk AI and whether its own chips are a threat to videos, best semiconductors or just something that can be made to augment them. And of course we're going to talk about China. Right now I'm concerned about the consumer. After we got some weak consumer spending data today, I hope Amazon's Jassy can give us some color about how consumers are really spending. They seem stalled right now, something that should make the Federal Reserve think twice about whether they can really afford to wait before they start cutting interest rates again, which is really something that's very much on the table. Now, I'm not worried about the industrial portion of the economy, which has been pretty strong, but I am trying to figure out if the numbers have been distorted by orders pulled through because of the tariffs. That's why I'm more interested than usual in something called the Chicago pmi. I think it's the best indicator of the industrial economy and it could influence interest rates if it is weak pulling, putting even more pressure on the Fed to start cutting again. Right now the market's pricing in an 18.6% chance of a rate cut at the July meeting, but a more than 93% likelihood to cut it by September. I don't know if we can wait that long. On Tuesday, we get results from former market darling Constellation Brands. What a fallen idol. There is so much to unpack here because this consumer packaged goods company is a microcosm of what's going wrong with this now pathetic group. That used to be the place to go when there's a slowdown. First, Constellation is an alcohol company, so all their products are being hurt by the GLP1 drugs, which can blunt your craving for booze. That's especially true for the big beers, which are Modelo, Corona and then a new popular favorite, Pacifica. Second, increasingly, surveys show that there's a switch from beer to cannabis because smoking weed is theoretically less fattening. I say theoretically because while alcohol has way more calories, it doesn't give you the munchies. This younger generation cares more about their health than previous ones. Sounds fanciful, but it is true. Third, Constellation said its sales have been hurt by concerns in the Hispanic community about mass deportations. The stock's been steadily declining, all quarters downgraded by analysts jumping ship from the company that used to beat and raise and Beat and raise over and over and over again used to be a big position for my trust. That was then. Now we expect Constellation. Miss. We'll get the results Tuesday night and the conference call will start on Wednesday morning. You'll probably see the stock jump up when it reports. That's what it typically does. And then it declines through the rest of the day. So let's be careful. Okay? Also on Wednesday we get mortgage application numbers. And these have become an albatross for the entire economy. As long as rates remain this high, we've come to accept anemic home sales. And given the housing punches above its weight, we know that this end of the economy will not be be improving. Thursday is the key day of the week. All right. That's when we get the June non farm payrolls report. It's an important number. It always is an important number. If we get a weak number, the President is most likely on that day going to call for Jay Powell. Said again maybe willing to name Powell successor that day much sooner than expected. If only to push Jay to start cutting rates or quit his job, which I think by the way, he's not inclined to do. I don't think any one week number, even one as important as the labor report will matter all that much. But if we see very few new jobs created, match that with lower or flat wages, perhaps the possibility of July rate cut will be back on the table. The bottom line, we're headed for a shortened week after a terrific quarter. One that started horrendously and finished incredibly strong. Showing you that staying the course is the only logical way to approach this often mercurial and treacherous market. Let's start with questions. Let's start with Rick in California. Rick.

[Caller]

Hey Jim, I'm calling in from Napa.

[Jim Cramer]

From Napa. Oh my God. I was there last Friday. Oh, that's such a good time. Yeah. Probably saw you. I was in Calistogenic. Yeah. Oh yeah.

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Right on.

[Jim Cramer]

Cool. Absolutely. The stock I wanted to ask you.

[Dell Advertisement]

About, it declined from its peak during the COVID days. But I believe it's connection with healthcare.

[Caller]

And biotech gives it a lot of potential for growth.

[Jim Cramer]

The stock I'm thinking about is Thermo Fisher. And this stock is unbelievable. It was a. It's a great company. Mark Casper does a terrific job. But we own Danaher for the Travel Trust and it's as bad as Thermo Fisher. I am urging you to not buy it till we see a pickup in Chinese orders. I know that seems strange, but this, this stock has crushed a Lot of people. It does seem like it's bottoming but I am not going to push it because it's related to China and, and anything related to China is bearish. Why don't we go to Chuck in Illinois, please? Chuck. Jim, I bought a stock one of your viewers called in about. It's a great stock. I wrote it up 100 points and sold it. It dropped during the pandemic. Afterwards it was fairly stagnant so I bought others. Then it's up 25, 50 or 100 every time I see it. I'd like. I'd have to sell some Pimco with 10% dividend to buy it. Should I buy it at over 8, 800, wait for a major pullback, Wait for a big split. The stock is A X O N Industries. If you, I mean, look, I think Rick Smith is great. I have often thought about putting this on my. In the bullpen for this for the Chapel Trust, but it just won't quit. I think you have to buy. Look, if you want to buy 100 shares by 25 Monday and then you got to wait for it to come down, you can't just buy it all right here because then I feel like that could be just the kiss. It would be just terrible. The stock came in once again all time high today. Let's go to Frank in New York. Frank. Hey, Jim. Mr. Professor, the other night, Micron, I mean what a statement they came out with. And a fantastic forecast. The stock runs up and then it fades. What was that all about? All right, well, this is not unusual for Micron. I've seen this happen many times in Micron. This stock went literally from, from set from 60 to 126 and they did a fantastic quarter. But there's no way that a stock that goes from 60 to 126 can go higher no matter how good it is. This is a momentary pullback and then you're going to have to start buying the stock all over again. I like the stock of 120. All right, listen, as we come up on the last day of the quarter next week, it's worth remembering that this is a market that rewards staying the course. Wow. What made money tonight? Samsara is down on the year because of Tariff concern. But should investors take a closer look at the Internet of things, that's similar Iot. Don't miss my exclusive with the CEO then. We've had an impressive recovery in tech, haven't we? But Apple, what do we do here? Hey, we'll tell you what to do because there's a certain point where Apple's too cheap. I'll give you my analysis and the investing club members met this week. And you know what? We got some amazing questions left over from the monthly meeting. So I'm answering those questions because I do anything I can to help club members. So stay with Kramer.

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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. Missed something? Head to madmoney.cnbc.com Commercial payments at Fifth Third bank are experienced and reliable, but they're also constantly innovating. It might seem contradictory to have decades of experience but also be on the cutting edge of the industry, but Fifth Third does just that. They don't believe in being just one way for your business because your business has more than just one need. Like needing your payments to be done on time, safely and without any bumps today, but also needing to know you won't be hitting any bumps tomorrow. That's why they handle over $17 trillion in payments smoothly and effectively every year, and were also named one of America's most innovative companies by Fortune magazine. After all, that's what commercial payments are all steady, reliable expertise that keeps money flowing in and out like clockwork. So Fifth Third does that. But commercial payments are also about building new and disruptive solutions. So Fifth Third does that too. That's your commercial payments. A Fifth Third Better Comcast operates the nation's largest converged network, reaching 64 million homes and businesses, with $80 billion invested to expand broadband infrastructure in the U.S. comcast is actively supporting the goal of bringing broadband to everyone, including rural communities across the country. Comcast has connected 1.2 million new homes and businesses in the last year and are on track to do the same this year. Learn more about how Comcast is bringing high speed Internet to communities across the [e-mail] youm just realized your business needed to hire someone yesterday. How can you find amazing candidates fast? Easy. Just use Indeed when it comes to hiring, Indeed is all you need. Stop struggling to get your job post seen on other job sites. Indeed Sponsored Jobs help you stand out and hire fast. With Sponsored Jobs, your post jumps to the top of the page for your relevant candidates so you can reach the people you want faster. According to Indeed data, Sponsored jobs posted directly on indeed have 45% more applications than non sponsored jobs. There's no need to wait any longer. Speed up your hiring right now with Indeed and listeners of this show will get a $75 sponsored job credit to get your jobs more visibility at indeed.com madmoney just go to indeed.com madmoney right now and support our show by saying you heard about Indeed on this podcast. Indeed.com madmoney Terms and conditions apply. Hiring Indeed is all you need.

[Jim Cramer]

Let's talk about Sam Sara. That's a software infrastructure plate. It's focused on the Connected operations cloud, a system that lets companies connect their physical operations directly to the cloud and in order to find better ways to run their business to save money. Earlier this week, Sam Sara, hold this. Investor day out in San Diego, management told a positive story about the state of their business, mentioning some new product launches that could make their platform more enticing. Got to hear about those. So with the stock down 9% for the year on worries that this tricky economy will make their enterprise customers less willing to spend on software, could this be a buying opportunity or is the stock down for a no good reason? I don't know. Let's check in with Sanjit Biswas. He's the co founder and CEO of Samsara to find out. Mr. Biswas, welcome back to Mad Money.

[Caller]

Hey, Jim, thanks for having me.

[Jim Cramer]

Okay, so I don't understand this. I know that when I call you and I ask you for a package, I save money immediately. And I'm trying to tell our viewers the exact selling proposition you have because you are in truly operating rarefied air. You and Palantir are one, are the only two companies that have a huge amount of, of recurring revenue and growth. I'm trying to figure out where it was wrong with this picture.

[Caller]

Well, Jim, I think the most important thing to understand is the customer perspective. These are businesses that have been around in some cases over 100 years. There are supply chain companies or the construction companies, utilities, the folks who really power our planet. And they're always looking for ways to save money, be safer, more efficient. So I think for them, they're looking at what's going on in the macro. And of course, they want to be smart and making wise decisions, but they're also thinking more broadly about digitization. And that's what we're really selling into.

[Jim Cramer]

All right, so I'm Home Depot, I'd say maybe one of top five retailers in the world. And I'm a smart guy and I want to know about what my drivers are up to. I want to know about my vehicles. I bring you in what do I get?

[Caller]

Well, first and foremost, you also have a very large frontline team. So you've got folks making deliveries out of job sites and you want to make sure they're being kept safe. Most companies at Home Depot scale, they're self insured, so they have an economic interest that's very aligned with that safety message. So that's a very big priority for them. And then of course, you want to be efficient, you want to be running your routes as smartly as you can, you want to be saving as much fuel as you can. So going digital helps with all of that. Having it all in one place, having a system with AI, so that's helping make those smarter decisions.

[Jim Cramer]

We're in a world where one of the biggest concerns is safety. And one of the reasons, you know, candidly for business people, there are more safety rules added every single year. It's a remarkable thing to have a small business, medium sized business because every single January it's new safety rules. What do you guys do to be able to make things safer?

[Caller]

Well, the key for us is helping reduce risk. A lot of what that safety concern is about is just understanding what's causing accidents. And those accidents can be very costly for business owners of all different scales. If you think about a very large company like our Public Services, for example, they're in the waste management industry. They're dealing with risk all the time because they're operating over the road with well over 10,000 vehicles in their fleet. They want to make sure their drivers aren't taking a glance at their mobile phone, that everyone's wearing their seatbelt. They're maintaining following distance. These are all habits. And so we can use AI and to help coach those drivers. It's not that Big Brother's watching them, it's that the air is helping them out. That reduces risk, breaks bad habits and saves the company money.

[Jim Cramer]

We've had Republic Services on. They are a company that pinches pennies, which is absolutely the right thing. What else? How about what can you do for fuel management?

[Caller]

Well, so Republic Services actually was at our conference earlier this week. They won an award for excellence in operations and using technology. Safety was a lot of what they were working on. So 50% reduction in mobile usage. But they can also do things like understand engine idling when, if you think about a garbage truck, it gets a very different miles per gallon than, you know, our sedans. And so that's the kind of thing where understanding a couple of percent of idling and low utilization can save them millions of Dollars. This is a company that spends hundreds of millions of dollars on fuel every year to run their operations. So they're always looking for ways to find that little bit of an edge.

[Jim Cramer]

Now, speaking of a little bit of an edge, there is a remarkable thing that happens on job sites where we talked about this once before, where people lose. They lose equipment. Now, I know that if you're watching home, you can't imagine you'd ever lose something as expensive as a tractor. But when you're doing gigantic jobs, it's incredible how often it occurs. Unless we hire your company, we don't even know where this stuff went.

[Caller]

That's right. So tracking assets, making sure they're utilized, and also making sure you get them back. It's very important for most of our customers. And they have very large, complex operations. They might have tens of thousands of pieces of construction equipment. There is accessories and buckets and all kinds of things that attach to those. So they need to make sure they get all that back. Otherwise they have to go pay to replace it. And that can be tens of millions of dollars for a number of our customers.

[Jim Cramer]

So when you. When you have your conference, do you stress to people, look, this is a new thing that's come up since we've seen you last. I mean, is that one of the reasons why? Because obviously people are trying to save. If you can save $150,000 and you're a $4 million business is great. If you can save 1.5 million and you're a 40 million, and just, you know, it's just kind of pyramids, these companies looking for the new way to save a little bit.

[Caller]

They are. They're looking for ways to. To really innovate in their operations. They're always trying to find that little bit of an advantage, whether it's safety or efficiency. And if you think about some of these companies, they're operating at such massive scale that making smarter decisions saves the millions of dollars. And I'll give you one more example. Mohawk Industries was at our conference, very large flooring company, one of the largest, I think, in the world. They saved close to $8 million by figuring out how to run their fleets in a smarter way, deliver to their customers in a more efficient manner, and they consolidated their fleet. So they took three different fleets that didn't really know about each other's operations, brought them onto one platform, and that's the kind of thing that just makes common sense. But it's hard to do unless you have the right technology.

[Jim Cramer]

The last thing I do want to ask you about. We can't go by. I can't leave you without asking about wearables because you do have new wearable technology is sounded pretty sensible to me.

[Caller]

We do. And so wearables are all about keeping that frontline safe, not just on the road, but also at that job site. A lot of these folks are working on their own. They might be delivering food and beverage at 3am or checking on an oil well in the middle of nowhere. And so being able to get them help if anything happens is very important. And if you think about these operations, they have to run in all different kinds of weather. And so if there's a weather hazard on the way, we want to be able to alert them. That's a lot of what we announced at the conference was bringing in all this data, connecting the front line and getting them real time help in case they need it.

[Jim Cramer]

Asking these new ideas, do they come because you hear from the customers that they need something or do you just have people who are very inventive at your company who would say, you know what, this is something that all companies could use?

[Caller]

Well Jim, it's absolutely a conversation with the customer. And that's why we put these conferences on. We get thousands of operations professionals together, folks that are leading their teams. They understand their industries, they understand the challenges. And we bring in our engineers, our product managers and really everyone from our company to listen to them. And that's how we brainstorm with them as we say, hey, would this help? Would this move the needle? And then if it's a great idea, we come back a year later or two years later and show them that product in action. So that's been what works for our company.

[Jim Cramer]

What is the cost of going to Sam Sara and and and asking what you can do for us as a customer? What's the cost?

[Caller]

Well, we, we really try to keep it simple. We love just getting involved, understanding your operations. This is not a hardware intensive business. You don't need to buy thousands of dollars of product to see it work. We do free trials and it's really about software and it's a software as a service model. So the idea is that you try it out. If it works for you, great. You pick up a subscription. And that might be for one or two or five products. It doesn't really matter. We just want to go make an impact in your operation.

[Jim Cramer]

Now I know why you have such great annual recurring re because this common sense and that is Sanjit Biswas. He's the co founder, chairman, CEO of Samsara thank you so much. Good to see you.

[Caller]

Thank you Jeff. Great to see you.

[Jim Cramer]

And the symbol, by the way, is Iot Internet of things. Everybody's back yet?

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Coming up, is Apple on sale? Kramer's digging in and seeing if now is the time to buy into the tech giant on weakness or whether you should hold off taking a bite Next. 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 podcast.

[Jim Cramer]

Ryan Reynolds here from Mint Mobile with.

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[Jim Cramer]

Thing Mint Mobile Unlimited Premium Wireless 3030.

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[Jim Cramer]

We've had an incredible run over the past few months, but somehow it doesn't feel complete, with Apple lagging far behind the averages. Granted, the stock still bounced off its early April lows, but it's not even back to where it was before President Trump announced his liberation date tariffs. For the past month or so, Apple's been trading sideways, basically hugging the Twitter dollar level, while the rest of the tech sector's been roaring. And look, as much as I love Apple, the company which makes the world's best product, in my opinion, there's a reason why we own it. For Chap Trust, I get that lack of enthusiasm when the company report its most recent quarter, management gave tepid guidance because of Our mercurial president clearly has Apple in his crosshairs. He's threatened to hit third Indian made iPhones with that 25% tariff because they wouldn't move their manufacturing back to the United States. President Trump was also, I think, miffed that Apple CEO Tim Cook didn't join him on his grand tour of the Gulf monarchies last month. Meanwhile, Apple's Worldwide Developers conference early the conference early this month, it didn't yield anything groundbreaking, especially the front. Although I didn't say spec it would, people were very hopeful. There are renewed concerns about the App Store too, after some adverse court rulings in recent weeks. And now we need to worry about what the numbers will look like when App Report reports again at the end of July. Long story short, the stock is just playing out of favor right now. There's no getting around it. But as I've said before, I'm inclined to stick with Apple despite all the uncertainty. Tim Cook and his team have earned the benefit of the doubt. I've been around long enough to remember all the times when things have looked very bad for Apple, and in hindsight, they've all proven to be great. Buying up trees all I often say, only somewhat facetiously, that I'll worry about Apple when I start seeing people wear, you know, walk around with Samsung phones because everybody I know uses the iPhone. But with the stock stuck here at just over $200, down nearly 20% year to date, and devoid of any momentum whatsoever, I want to approach this thing from a different direction. As Apple sputtered along over the past few months, I've been wondering about something. When exactly does the stock become too cheap to ignore? Is it only a question of valuation Right now trades at 28 times this year's earnings estimates. That's down from 35.5 times their earnings at its peak valuation last July. I think it's much more complicated than that. We will walk through it. Several years ago, just before the pandemic Apple stock was called was re rated higher. Basically, Wall street completely changed the way it views this company. Rather than valuing Apple like yet another hardware play, the market finally gave the stock a premium multiple. That was the right decision. I always used to wonder how the greatest company in the world could have a lower price earnings multiple than a Proctor Gamble or even Colgate, especially when there's an extremely robust service revenue stream. People finally started paying up for Apple in 2019. Then during the early part of the pandemic, the stock rallied hard, up 80% in 2020, even as there wasn't much of an uptick in earnings. In late August of 2020, this thing was trading at nearly 39 times earnings. That's high. So if we're talking about Apple's valuation historical respect, I don't think it makes sense to consider the days when it used to trade like any other tech hardware name. Apple's just too good for that. And that mostly recurring service revenue has now become nearly 25% of the overall business and it's growing faster than the overall business. That means we can only go back to 2020 or so. Now, just in the past two years, we've seen some serious sell offs. From the July of 2023 to October of the same year, the stock tumbled 16% on weak sales numbers. Then after Apple recovered and reached a new high at the end of 2023, there was an 18% pullback from December 2023 to April 2024. In both these cases, the stock bottom when its valuation dropped about 25 times earnings. That's a key number. During the post Liberation day meltdown this April, Apple briefly traded below that level, bottoming at 23.7 times earnings before quickly recovering. With the stock currently selling for 28 times earnings, it's not too far from what maybe could be called a floor. Now, if we go back to the last true bear market in 2022, when the S&P fell 27.5% from peak to trough and Apple fell 32.1%, that was a little different. In 2022, the stocks forward price earnings multiple plunged to exactly 20 times earnings before bottom. In retrospect, that looks like a pretty clear line in the sand when investors finally said enough is enough and began to buy Apple hand over fist. By the way, after the stock bottomed at the end of. I'm sorry, at the start of 2023, it went on to rally 93% over the next two years. Okay, now let's look at this in a slightly different way. You can't look at the price earnings multiple in a vacuum. You have to factor in the earnings growth rate. Why? Because money managers will pay up for growth. They always do. Apple's expected to put up 14% earnings growth in the current calendar year, while the S&P 500 as a whole should only see earnings grow at a 9.4% clip. So Apple stock deserves a premium and that's what it's getting. It trades at 28 times earnings, while the S and P Now sells for 23 times earnings. But how much of a premium does Apple deserve? I always like to look at the PEG ratio pg, the price to earnings multiple relative to the growth rate. The S&P 500 has a PEG ratio of just under 2.5. Right now, Apple's PEG ratio is just under 2. So you could argue that Apple's already undervalued here. If you simply just gave it give it to the same PEG ratio as the S and P, then the stock should sell at 33.5times earnings and that would make a $250 stock. Now, I'm not saying that definitely where it's headed, just that it would be rather easy to justify. So let's put this all together. Now, when we look at the past couple of years of Apple's price earnings ratio, the multiple has repeatedly bottomed at 25 times earnings. When we briefly breached that level after Liberation Day, the stock quickly bounced back, even though the headlines read terribly at the time. If Apple would revisit that level, meaning if the stock falls below 180, then I think you have to buy it. But if the company can shake off the negativity that currently surrounds the story, I'd argue that the stock deserves to trade at something more than 35 times earnings, where it's roughly. Roughly where it peaked last year. Bottom line, though, there's clearly a point where Apple stocks becomes too cheap to ignore. And recent history says that's around 25 times earnings. Now write this down. That means down about 20 points from here. I certainly don't want to see it revisit that level. It's something we talked about, by the way, at our charitable trust meeting later this earlier this week. That's the level. But if for some reason the stock gets clobbered, you know what, let's back up the truck at 180. But if Apple can shake off its current trial of negativity, maybe they make noise. President Trump, somehow I could justify paying 35 times earnings for the stock, which is why I'm simply not ready to give up on this one. 180. That's the level. I need to go to California. In California. California? Yeah, right here.

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Jim, you heard it right?

[Jim Cramer]

I did a mistake.

[Caller]

Yes, you did not a mistake.

[Jim Cramer]

What was your. Where was your. What was your mother's in Wyoming or something? I was Catherine, actually.

[Caller]

But my dad's a surfer, so, you.

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Know, he had to get me back out here one way or another.

[Jim Cramer]

I hear you. I hear you. Excell. Let's go to work. All right, so my dad and I are members of your investing club and.

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We are big on data center trends.

[Jim Cramer]

We're looking at ge. Vernova, we know you keep talking about.

[Dell Advertisement]

Buying over even if it keeps going up, but we have one question that we're not really sure about it. So if so, on your last, last.

[Jim Cramer]

Time you had the CEO on that, he mentioned that they are not planning.

[Caller]

To increase plant capacity.

[Jim Cramer]

Vernova's books being logged through 2030.

[Dell Advertisement]

How does that impact the growth estimate and where does that mean whether we should be waiting for a pullback or really buying.

[Jim Cramer]

I thought we should be waiting for a pullback. California. And the reason I did say that was because if they're not going to put up more capacity, how are we going to raise numbers Now Obviously they can I guess charge more but the fact is is that this industry has been burned so many times they expand that these guys are unwilling to do it. I think that they have to open up their pocketbook and start building more plant so that they can have more turbines. And I think you're absolutely right. I want to thank you for joining the club and remember, when it comes to Apple, I'm still not ready to give up on it. I think you can get down to about 25 times earnings. That's a level where it could be too cheap to ignore. Much more made money in earlier this week we held our monthly meeting for members of the CBC Investing Club as I just mentioned and we've got some amazing, amazing questions that we figured we'd answer some more of tonight. Then a wave of money is being transferred from baby boomers to future generations. I'm sharing my strategy if you're on the receiving end. And we're going to talk about this a lot in the in the second half of 2025. And audio calls Rapid Fire, tonight's edition of the Lightning Round. So stay with Kramer. On Wednesday we held our Investing Club monthly meeting where Jeff Marks and I get together to walk club members through our decision making process for the stock portfolio. We discuss our current holdings and we take questions from our club members. That's my favorite part of the meeting, taking your questions. And since we have never had enough time to answer all those questions, I like to give you an inside look at what happens at the monthly meetings today where while also hopefully doling out some much needed market advantage. So remember, if you want to become a member of the club before the annual meeting, come up next month, scan the code next to me or go to cnbc.com/investing club. I want to meet you, get my picture with you and talk stocks, stocks and more stocks. First up we have a question from Ira who asks which do you think will lead over the next year or two, American Express, Visa or MasterCard? Okay, this is a very hard question because Visa, MasterCard are valued much more highly I think than American Express terms of multiple. I want American Express of these three and I'll tell you why. I think America Express has got this younger demographic that is really exciting and not really built into the Price earnings multiple that said, look, these are all great companies. I met with Visa, with, I met with MasterCard Management this week. I talk with Visa's management. You're not going to go wrong owning any one one of these companies with three of the best companies in America. Next, Rich in New York asks as the deadline on EU tariff deals approaches on July 9, are there any defensive plays you recommend? Well, the president's kind of said, listen, that's not that hard and fast a date, so we don't really have to worry that much. So I'm going to say, look, let's not get too defensive. I think a lot of people got defensive about this and that's one of the reasons why we had this kind of roaring bull at the end of the last month because people said, listen, I don't want to be in because of what's going to happen. And then the president kind of switched the rules. So we're not going to be defensive. If we have to be defensive, here's what we do. We raise cash. A lot of people want to be in defensive stocks. When you want to be defensive, you raise cash. All right, now let's go to John in Oregon who asked, Jim, what is your current take on energy transfers? Is still buy. What's your outlook for natural gas? Natural gas, very hard to tell. I think that 3 to 4 is probably where it belongs. ET had a problem. They've got some ethane issues. The government's holding up the ethane from China because we're trying to say, listen, you won't give us rare earth materials, we won't give you ethane. I think that's a little misjudgment on part of our government because ethane is actually kind of a broad commodity that anybody can get anywhere that has hurt ET it will make it so. The numbers may not be as good, but the fact is it's got a great yield and I think it's a pretty well run company. I like Enterprise Product Partners too, but they too have the same ethanol problem. Next up is a question from Gerald who asks, you've talked about cyclical versus secular. How do you know if a company is cyclical or secular? You have to look back in the periods that we had declines, recessions, when the economy actually retreated, when it contracted. And if you see that the company's earnings still went up during that period, you got a secular grower in your hands. If the company's earnings deteriorated and you saw this up and down thing, you've got a cycle grower. I favor secular growth and I'm going to pay up for it because growth is king and growth is safety in this market. Now let's go to John in California. Wants to know, do you think Dutch Bros. Would be a better long term investment over Starbucks? No, I'll tell you why. Dutch Bros. Had a very big move. I like the stock very much and everybody knows that, okay? But Starbucks has Brian Niccol and Brian Niccol was the man who turned around Chipotle. When people felt that Chipotle was going to be an all Sarah and never really make it, he turned it. I think that he's done a remarkable job where he was before and he's already doing a remarkable job at Starbucks because he's cut the throughput down four minute time to be able to get a Starbucks. That's what he wanted to do. He's on to the next. He can sell China if he wants to. There's lots of buyers. I think he's got a better hand, better hand than Christine right now at Dutch Bros. Even though I think Dutch Bros. Is terrific. You're not going to go wrong buying it here. Next up is a question from Rish who asked, what is Corey's relationship with Nvidia? Is it overbought right now? Should I stay away from it until it comes back down? I think it is overbought. I think it's up on a short squeeze. I think the stock is just way too high. I mean look at this. I mean prices at 40. It should never price there. When it did its IPO, people didn't like it. They didn't understand the balance sheet. Lots of hedge funds got shorted here thinking that this thing really was not worth anything at all. I recommended buy it the whole darn time. The whole darn time. So now that it's got here, if I recommended here, I don't need to recommend it again here. What I need to tell you is that if you bought it here, you can take off half of your position, half of it and then you're playing with the house's money. Who doesn't want to play with house's money? That's the goal. The goal if you want to be a great investor is the house's money and that's what you have. If you bought core weave when we said that we liked it, the relationship with Nvidia is very solid. Nvidia owns a big chunk of core weave. Now let's go to Bob who asked. I've read and studied all the books you have written. When Is your newest book going to be released? Okay, it looks like to be released at the end of September. And I think it's going to be one of those things where. Well, I'm kind of, you know, look, let's just. This is now this is a mock. This book is not the real book. Okay? But this is the COVID It's what we've done, a lot of reiterations of it. It's how to make money in any market. I don't really want to front run it yet, but I'm very excited about it. We've gotten through. Where am I right now? In the proofing stage and I'm very proud of it. What can I say? I think it's real good. I think you'll like it a lot and I'm trying to work maybe something with club members to get it. But this is the book how to make money in any Market. And I'm very, very excited about it coming out in September. Thanks again to all our club members who send in questions. Man, money's back after the break.

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

[Jim Cramer]

It is time. It's time for the light round. Bye bye bye soul Tulsa. And just to be clear, I don't record stuff because my steppers and gravity while you're playing this stuff. And then the lightning round is over. Are you ready? Ski dag the lightning. You know what I was talking about Ian in Florida. Ian. Hey, booyah, Jim. How you doing? I am doing well. How about you, Ian? I'm doing great. Tgif. Exactly. What is that? What stock is that? I don't know, man. Doesn't come up. I don't know what to do. It doesn't come up. All right, let's go. Jim, I wanted to ask you about a stock that's kind of in the Corey space. They kind of do the same thing. They rent out the GPUs. What do you think about this company and is it a good time to enter? It's nebbyous. Oh geez. My chief scientist Ben Stoto has over and over and over again said Nebius is a the one to own. Not cor Weave. Oh no. He says just right now. He's just saying it's a second rate core. We, we're not going to own either though. Corvette has moved up too much and Nebbyous we are not going to trust. You know what? It's Friday. Where's everybody? Why aren't other people working okay, let's go to Dave in Michigan.

[Caller]

Dave.

[Jim Cramer]

Hi, Dave from Michigan.

[Caller]

Long term viewer.

[Jim Cramer]

Okay, Dave, you're up. When I visit my grandchildren in other states, I like to take them out.

[Caller]

For breakfast or lunch.

[Jim Cramer]

So I asked my 15 year old some grandchildren, please. You can't help. Go ahead. I'm sorry, I'm sorry. My granddaughter, she loves sweet greens. And I see you've been sweet on sweet greens twice. Having their CEO. I have. But you know what? The stock's down 57% and they're not making money. And I've gone over and over and over. You got at a certain point make money. It's just that simple. And if you don't make money, then people are not going to be attracted to your stock. They have to have a surprise quarter. That's the only way they can do it. Let's go to C. Stephen in Maryland. Stephen, Booyah. Jim. Thanks for taking my call.

[Caller]

My pleasure, proud club member.

[Jim Cramer]

Wednesday meeting was great. Thank you for you and your team, for everything. You guys almost lost my voice. Thank. Thank you, Jeff, for saving me. What's going on? I got a question about stock. I've offloaded my cost basis, but I'm wondering what to do with the rep. The stock is Monster Energy. The answer is you own it.

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Do you?

[Jim Cramer]

That monster since 1990 has actually been the best before we stock. I mean, it's to up. Unbelievable. How good? Of course. Nvidia, Nvidia, Nvidia. But monster for since 1990. If you look at that time frame, I got to tell you something. That is just one smoking hot stock and I would not walk away from that same real life. I need to go to Dennis. North Carolina. Dennis. Jimmy. Happy Friday. What's up, man? I feel like working all weekend. If only someone would pay me. I'm ready. Let's go. Let's go. Hey. Back in May, this company beat all analysts expectations, posted record profits, but held the course on their guidance and they've been paying for it ever since. If we liked it at 120, do we love it at 98 bucks, do we buy, sell, hold Okta. You buy Octa. Todd McKinnon is unbelievable. Came on the show. He said a lot of good things. I think that he's being conservative. I want to own more Octa. But to be sure, I like crowdstrike and I like Palo Alto. I think both of them have a little more game than Octa. Let's go to John in Arkansas. John. Greetings from the natural state, Mr. Kramer. You betcha, man. I Wish I were down there. I could go to work this week as a right to work state. What's happening? Hey, talk to you about 17 years ago. I was on a dividend reinvestment program with McDonald's MCD and McDonald's. You know, I've been saying you must own McDonald's. You must. The stock has never been down for longer than like a couple of. Couple of months. It's the time to buy McDonald's. Let me throw in. Yum. And don't forget, I think Texas Roadhouse is terrific even though beef prices are high. And that, ladies and gentlemen, it's the conclusion of the lightning round.

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The lightning round is sponsored by Charles Schwab.

[Jim Cramer]

A wave of money, a virtual tsunami, is gradually being transferred from my fellow baby boomers to the next generations. $100 trillion by some estimates. And I'm determined to teach their kids how to become better investors. It's a big switch. I know most older viewers aren't paying much attention to it. I'm in the same demographic and I don't want to think about my mortality either. But I see it happening and I know that these young people like new stocks, different stocks, the kind of stocks where there's news flow that they can trade in and invest in. Most other people just don't see this. They're not looking. They aren't good, Robin. They don't read the Reddit business sections. They're unaware of 24 hour trading. They don't know how these new players invest in the market. But I know because I traded through the 90s, I was acutely aware that something different was going on. New investors coming into the market. At first I couldn't put my finger on it because I was dealing with big institutions in my hedge fund and they didn't know anything about it. They couldn't see the waves coming in. They were naive. Me, I started the street.com in 1995. It's a daily site that catered traders. So I saw what people wanted and it drew me toward two firms, Ameritrade and E Trade, where they did most of the business. I didn't know these firms at all, but I realized I had to get on the case. I talked to the excellent people run both both companies and they described how the new buyers work, what they thought like, what they did. Typically they like the high flyers of the year, the dot coms that were making them a lot of money, even as they rarely took the profits they should have. This time things are different. The new money is much more sizable and the investors much younger. These buyers tend to be working with Robinhood. The rebellious brokerage will forever be linked with Gamestop, but it's become one of the greatest stocks of our era. The money is inheritance money. The instruction get some money into the stock market because you're young, you have your whole life ahead of you. Sure, there'll be money that goes into bonds, but they'll definitely want less bond exposure than their parents did, if only because the age difference. What's the younger person's mindset? Simple. They believe in the future future and the companies that will be a part of that future. They believe in big trends. When they read that the president, say, wants to boost electric power to keep our data centers ahead of our other countries, as we just read, they buy GE Vernova for gas turbines and potential nuclear power. They buy a company called oclo. They that company recycles waste into nuclear power using fission power. They believe in flying cars, so they buy Joby and Archer. They like crypto, so they buy any derivative of it, including Coinbase. Of course. They buy a lot of these ETFs that invest in these momentum stocks and they buy Palantir24.7 stock was down badly. I think it may have been today because of a Russell rebalance. Probably start going up again on Monday. It's my job to help advise you about what to do not only with the Proctors and the Colgates, but with the Invaders and with the core use. It's vital to know about nukes. I must study the quantum tech stocks. I have to be in the rocket stocks and know the mindset, even if. Well, maybe I don't believe too many people in my position just don't care about this cohort or what they like to buy. But I see their stocks running, so how can I not care? I'm going to redouble my efforts to learn these stories in the second half of the year to be helpful. It's no longer tenable to focus just what I want to do. I have to focus more on what the younger viewers want. After all, it's their money now. I'd like to say there's always a bull market somewhere and I promise you I'd find it just for you right here on Monday. Ned Bunny and I'm Jim Cramer. I'll see you Monday.

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All opinions expressed by Jim Cramer on this podcast are solely Kramer's opinions and do not reflect the opinions of CNBC, NBCUniversal or their parent company or affiliates, and may have been previously disseminated by Kramer on television, radio, Internet or another medium. You should not treat any opinion expressed by Jim Cramer as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Kremer'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.com trading@schwab is now powered by Ameritrade Unlocking the power of thinkorswim. The award winning trading platforms loaded with features that let you dive deeper into the market. Visualize your trades in a new light on thinkorswim desktop with robust charting and analysis tools all while you uncover new opportunities with up to the minute market news and insights. ThinkOrSwim is available on desktop, web and mobile to meet you where you are. It's built by the trading obsessed to help you trade brilliantly. Learn [e-mail] trading.