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Jim Cramer
Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramerica. Other People Make Friends I'm just trying to make you some money. My job not just to entertain you, but to educate you. So call me at 1-800-743- CNBC. Tweet me jim Cramer so many of the top people in this business give up so easily on the best investments that it's a marvel anyone makes money in stocks. They're way too eager to capitulate. That's how I feel about 2 of my absolute favorite stocks, Nvidia and Apple, both of which exploded higher today on Tremendous News Carry a market that looks soggy at the opening but then turned around spectacular fashion with the Dow advancing 66 points as it be climbing 0.44% and the Nasdaq getting.70%. I want to spend some time on these two because it is vital for you to realize why so many people cannot make money in this market. Cannot or in any market, something I spent a huge amount of time writing about in my new book, how to Make Money in Any Market, which comes out next week. My premise has long been Wall street and its media acolytes constantly encourage you to trade and you're going to end up trading out of the best stocks of any euro. As a result, you end up missing the biggest Moves in these stocks because you know what they occur when you at least expect them, like today. Then, because so many people refuse to own stocks through thick and thin, the establishment says, well, it's impossible for you to make money in the market, so you might as well just stick with index funds. Forget about catching the big ones. You can't do it. Instead of getting the ones with the huge profits that could have been yours had you stuck with the stocks of Nvidia or Apple, which you know I like so much, you have to be satisfied with much lower returns. I wrote how to make money in any market to combat this terrible conundrum that continually keeps people from getting rich in individual stocks. Something that can only happen with discipline investing as opposed to ill advised, often reckless, almost always harmful trading. So let's take what happened today with the stocks of Apple and video. It is so instructive. First, Apple. For the last two weeks, I've been trying to get across to you that this launch of the iPhone 17 would be very different. These are incredible new models, including one that's as light as a candy bar in the hand. Sure, there's always the possibility of a belly flop, but for years my strategy has been to own Apple, don't trade it. And the more I studied the new models, the more I realized these were really special. I figured they'd only reward disciplined investors who stick with Apple as long as it offers the best products. That's been the thesis, and these are still the best products. Apple kept the faith of the committed investor, including my charitable trust, where I've demonstrated my felicity for years. If you didn't catch my enthusiasm in Kentucky when we spoke with Apple CEO Tim Cook at the Corning factory where all the iPhone cover glass will soon be made, well, then you might have sense that when I interviewed Cook at the actual 17 launch in New York city. But I was up against a negative narrative, a wall of negatives about Apple spread by both the buy side, meaning the hedge funds, and the sell side, meaning the analysts. This narrative flooded the media. No, no, it owned the media. Subjecting you to a constant barrage of, of pessimism about Apple that would make all but the most stalwart owners, or maybe the coolest ones, check out of the stock. We heard that the phones weren't that different from previous models. They were yawners. We heard that they wouldn't sell well in China. We heard that tariffs would hurt sales because the phones would cost 200, $300 more than people thought. We were pounded with that narrative. Listen well without any homegrown artificial intelligence by the way, sales would have to be tepid, right? Incredibly, every one of those negatives that the one that made you want to dump Apple in fear of course is proving to be untrue. From the crowds mobbing Apple stores in China it looks like the launch is going spectacular and they don't even have all the models for sale the PRC there are adherence for each phone Cook told told us that when you take the trade in value and you add on the incentives the wireless carriers the price really hasn't gone up at all despite the tariffs as far as I Tim showed there's a remarkable amount of artificial intelligence in these phones and and as far as he can tell, nobody switching the competition like a Samsung just for better AI. It's a yawner to the faithful. That negative narrative seemed busted to me. But going into today's session, Apple stock wasn't even up for the year. Then this morning Mike Sievert, the CEO of T Mobile came on squawk on the street to announce his retirement. I remembered a few years back, another time when people thought that Apple sales would weak but when I caught up with Mike he said they weren't, they were terrific. That immediately turned Apple stock around so I wasn't going to let him leave without asking him how this launch was doing. Here's what he had to say. I can tell you T Mobile's iPhone sales are at all time record highs.
Mad Money Producer/Announcer
We just had the biggest iPhone weekend.
Jim Cramer
We're up double digits from a year ago. And you know what our last biggest.
Mad Money Producer/Announcer
Iphone weekend was last year's we're up.
Jim Cramer
Double digit from that launch boom. Right in the face of a typical piece of bearish piece of sales Cybersearch. This is morning. It's this morning the Apple bulls at last took charge of the story. The stock shot up more than 4% in response big cap stock unfortunately, as I explained in my book, the constant deluge of negativity that passes for research on Apple scared most people. I hope it didn't scare you away from the stock. So I don't know how many people ultimately got to the promised land of profit. Those who say trade it, don't own it got blown out once again. Another reason why the classic growth stocks, as I say over and over should not be traded, just own and Nvidia, the ultimate owner don't trade it stock is another one. For weeks now we've been bombarded with questions about demand for invidious chips. Because of concerns about China, we followed Every move of the negotiations between our two countries all we've gotten are endless reports about intransigence on both sides. Because of the tough negotiations with China, it looks like Nvidia is going to stall out. Plus we keep hearing from the usual knaves, fools and dissemblers that China's catching up dust and surpassing Jensen Wang's fabulous company. All to be leaving the United States in the dust. Then today Nvidia announced a deal with Open Air to build data centers with a capacity of 10 gigawatts worth of power. Do that's enough power to take care of 8 million homes. Nvidia will invest $100 billion in open air as part of the transaction will put up 10 billion per gigawatt. Open air is privately held but when you get a deal like this it will boost the value when it comes public. And I figure Nvidia will continue to make fortunes from this investment. Sam Alton, the CEO of OpenAI waxed endlessly in a CNBC exclusive Jump Ford fabulous job about the need for computing power to truly get what's needed out of artificial intelligence and only in video has the power that's needed. The value of the nine year partnership is now self evident. This announcement brightened the entire data center food chain from the core weavers and the Vertifs to the G vernovas and the Constellation energies. I say really, who cares about China? Only the people who traded the stock and are no longer in it, not those who owned it. Oh, it's discouraged anyway. The bottom line. It's incredibly difficult to make money in any market if all you're going to do is trade. Coming into this session, the enthusiasm for Nvidia or and Apple is almost nil. Traders were shorter gone the public stuck in index funds because they've been scared away from individual stocks. But as in video and Apple proved once again today individual stocks are where the biggest money is. Provided you got the fortitude to stick around and you aren't addicted to buying high and selling low. The ultimate result of endless trading. Let's go to Bill, Massachusetts. Bill.
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Hey Jimbo, it's Bilbo from Boston. I just wanted to thank you and your staff. You're doing an incredible job. You hitting grand slams every week. It's amazing. I just want to thank you.
Jim Cramer
Thank you, thank you. Really appreciate that.
Fox One Announcer
I can't believe how much I came along. You've taught me so much. I used to say boy was I lucky. Boy did I get lucky here. Now I'm realizing the education you've given Me is amazing. I'm.
Jim Cramer
Wow. You're terrific. You're terrific.
Fox One Announcer
I really do. Thank you. What I'd like to know is you told me to buy Reddit at $45 a share.
Jim Cramer
Yes.
Fox One Announcer
It went out of the park. Home run. And I would love to buy some more. It's down about 10%. What do you think, Jim?
Jim Cramer
Well, look, I think you own some. I don't think you need to. I would not. As you know from the club, I would not buy more and violate my basis unless it is down more than it is. I like it. No need to buy more. That's what I told a lot of people. Total wine. More than a lot of mad Reddit. You got it. You got it. Just stay in it. David in Iowa. David.
Fox One Announcer
Hi, Janice. Thanks for taking my phone call.
Jim Cramer
Of course.
Fox One Announcer
Yeah, I'm interested in ConAgra. I see they're going to have an earnings report here pretty soon. The stock's been slipping in value, but the dividend's high.
Jim Cramer
No, you see, we want growth in stocks. We don't want dividends particularly that are that high because maybe something's wrong. We like to buy stocks for growth. That's really the only elixir that protects you from inflation and protect you at your portfolio from underperforming. Just pure growth and kind of Niagara doesn't have it. As Nvidia and Apple prove once again today, individual stocks are where the biggest money can be made. On my money tonight, the investing club recently took a position in Boeing. I'm laying out why we made the move and tell you where I stand on the company. Then, with the averages making new highs almost every day, is there anywhere you can still put new money to work? I'm giving you my strategy for finding good investments at a reasonable entry point and as a demand is surging, I'm catching up with the CEO of quantum computing company I O N Q to talk data centers, cybersecurity, profits, I don't know, and more. Stay with Cramer.
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This is the story breaking right now.
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Jim Cramer
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Leaving all the time in the world for the things you actually want to do. No offense, Jim. Get a New Dell AI PC@dell.com AI PC how those ahead?
Nicola Damasi, CEO of IonQ
Stay ahead.
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Jim Cramer
Earlier this month, we started a new position in Boeing for the Chapel Trust. After years of disasters and operational missteps, I think CEO Kelly Ortberg has finally gotten Boeing's house in order, and I am betting the stock's got a lot more room to run. I've actually wanted to buy Boeing since the spring because it's maybe the most direct way to play President Trump's various trade wars. Trump wants our trading partners to buy more stuff from America, and the easiest way to close a trade deficit is by purchasing big ticket items like commercial airliners. That's why I told you to buy Boeing in early June, when it was trading at 209 and the stock charged all the way to 242 in late July. Since then, though, the stock has pulled back hard. Sell, sell, sell, which is what finally gave me a good entry point for the Channel Trust. In fact, with Boeing down nearly 10% this month and off about 30 points from its July highs, I think this is the opportunity for everyone to start a position in Boeing. Especially if you missed the stock's big run this summer and spring. But buy some here and then wait until it gets to $200 and buy some more. That's how we like to buy. Not all at once. That's some suckers game. Last week at the CNBC Investing Club monthly meeting, I laid it all out for club members. So let me give you most of the important parts of the thesis that Jeff Marks and I explained to people. First and foremost, the whole world needs commercial aircraft, and there are only two companies on earth that can make them at scale. Boeing and Airbus. If you want commercial jets, you got to buy them from one of the these two companies. So when President Trump comes knocking your door pushing for some goodies as part of a trade deal, these countries orchestrate some big deals for Boeing. In May, the United Kingdom got a trade deal with the White House and parent company British Airways agreed to buy $13 billion worth of jets from Boeing during President Trump's visit to the Middle East. Later that month, Qatar Airways placed an order for 210 widebody aircraft, including 130 Dreamliners. That's the largest order in the plane's history. At the same time, the UAE placed orders for 28 wide body aircraft. In July, Japan said it would buy 100 Boeing jets under its trade agreement with the United States. Last month, Korean air announced a $50 billion order for 103 Boeing airplanes with GE Aerospace engines. And just last week, it was reported that Turkey could be buying up to 250 Boeing planes. We've also been hearing that Boeing's close to finalizing a deal with China for as many as far as 500 jets. This would be the first order from the Chinese since 2017. So they've got the president states going around the world drumming up business for them. Of course, Bowie's never really had a problem building an order. But get out of problem with execution, specifically quality control. For three years, it felt like they'd forgotten how to build planes that don't fall apart, fall out of the sky, what the heck. But under CEO Kelly Orper, who took over a little more than a year ago, Boeing's finally getting its act together. And the company's ratcheting up production again with clear plans for how they'll raise the monthly production numbers if the government will let them. For the core 737, 787 aircraft, it will take some time, but I expect to be able to make more and more planes per month, which will boost their cash flow. And that is the company's most important metric. Best of all, or Briggs cleaned up Boeing's formerly messy balance sheet. Last fall, the company raised 21 billion by selling stock. Then in April, Boeing announced plans to sell part of its digital aviation business to a private equity firm for $10.55 billion. The plan is to pay down debt and focus on the core business of making aircraft. That's why the basic case for why the charitable trust has finally opened a position in Boeing. But with a bit more time tonight, I want to go into more detail. See after a long Period. Where the only real updates of note from the defense side of Boeing's business were negative delays, cost overruns. We're seeing that side of the business gain some momentum too. I mainly like the stock for the aerospace business, but defense picks up 30% of the revenues, so it doesn't hurt that the defense business is definitively turning around. Earlier this year, Boeing had a huge win on the defense side of the business when they won the contract to create the Air Force's next generation fighter aircraft. And the numbers while here, they've been improving dramatically. At an industry conference earlier this month, Kelly Ortberg went into some details about what the defense division is up to. In the old days, the company got in trouble with large fixed price programs. The government pays a fixed amount, so if you have a big cost overrun, you end up losing a fortune. They're trying not to chase those kinds of deals anymore, and where possible, they're renegotiating their old deals. Hey, speaking of defense business, Boeing is currently having a dispute with the workers. You might have seen this represented by the International association of Machinists union at the fighter jet plant in the St. Louis area. The workers are currently on strike. This is similar to Boeing's labor dispute at the west coast commercial aircraft facilities last fall, which was eventually resolved after two months strike. I'm hoping something similar happens right here. It really would be great though. I mean longer term though. I'm not worried. I'm not worried. If you bought Boeing on weakness during the strike last fall, you now have a nearly 36% gain. These guys have been running circles around the unions for decades. I don't see that changing anytime soon. They're hardball players. Long story short, Boeing's now officially a charitable trust holding thanks to the stock's recent and pullback. So you should know the core case for owning the stock. The company's gradually ramping up production for its key aircraft models, the 73777, and remains mostly on track with these efforts. Boeing's balance sheet is much, much better than it was after a huge recapitalization effort late last year. And now there's a line of sight to positive free cash flow in the near term future with the promise of $10 billion worth of free cash flow or more per year once the company gets its production levels up to its previously stated targets. Meanwhile, regardless of how you feel about the President's trade agenda, it's been phenomenal for Boeing. With some huge aircraft orders coming from Middle East Korea, the UK tends to have a massive deal still to come from China soon as trade talks don't fall apart. On top of everything else, we're getting finally getting reasons to be cautiously positive on Boeing's defense business. The bottom line, put it all together. I think Boeing simply become too good to ignore. Especially after the stock's recent hard pullback. That's why we pounced away from the chabotrust and why you've got my blessing to begin a position tomorrow. Nobody's back in for the break.
Mad Money Producer/Announcer
Coming up, need some new investment ideas after the market's recent run to all time highs. Kramer's highlighting some stocks that could give your portfolio a pop. Next.
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Jim Cramer
These Doritos Golden Sriracha aren't that spicy.
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Sriracha sounds pretty spicy to me.
Jim Cramer
Um, a little spicy, but also tangy and sweet.
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Maybe it's time to turn up the.
Jim Cramer
Heat or turn it down. Now it's time for something that's not too spicy. Try Doritos Golden Sriracha Spicy but not too spicy. Right now we've got a high quality problem. The average is making record high after record high after huge rallies. Where is it safe to put new money work in this market? Now you can still find relatively inexpensive stocks if you know where to look. This weekend we ran a screen searching for S&P 500 stocks with above average growth and below average price dirty multiples. At the moment, the S and P in the aggregate is expected to put up 12.5% earnings growth next year and it sells for just under 22 times next year's numbers. We want faster growth than that at a lower price. That's what you do a screen for. It turns out there are surprising number stocks that fit the bill. 104 of them to be exact. From there I made some judgment calls. We booted the Energy and materials names because I'm wary of those groups that left us with 86 stocks. So we went through the list to find our favorites of those 86. Now first T Mobile which announced a leadership transition before the open this morning with CEO Mike Sievert set to become Vice Chairman on November 1st, a bit of a surprise and be succeeded by the company's current CEO Srini Gopalan. Now Sievers create a tremendous amount of Value as he has been CEO. But I believe in this team T Mobile is on track to give you 19.4% earnings growth next year. Yet it's selling for just over 18 times next year's numbers. Plain and simple. Next, from the consumer discretionary group, we've got two travel names. Royal Caribbean, my favorite of the cruise stocks because it's the clear best of breed, one of my in one of my absolute favorite groups. And then there's Expedia, the online travel agency. Expedia is projected to put up 18% earnings growth next year, but it sells for 13 times next year's numbers. Oh, that is very cheap. In fact it's much cheaper than key competitor booking holdings at 21 times earnings. So I say stick with Expedia Bookings, a very well run company though after that there's Dollar Tree. Now that's the only member of the consumer staples that I like from this list. I think Dollar Tree can win in this environment as a destination for lower income consumers who are searching for value. I like that they finally spun off that weaker family dollar business. And with the stock selling for less than 15 times next year's earnings, with a 15% growth rate again, that makes it a buy. Now when we ran this screen, 34 of the 86 companies on the list came from the financials. Now this is a great moment for the financial sector. I been trying to tell you pretty much nightly so I'm going to run through my favorites in rapid fire format. There were a couple of credit card plays including Chapel Trust holding, capital1 financial CEOF which Jessperge would discover and is projected to have nearly 14% earnings growth next year despite selling for just roughly 11 times next year's numbers. That's why I think it's such a buy. Then there's American Express which just released a refreshed platinum card. You might have gotten it this weekend that I'm sure will be a hit, especially with Millennials and Gen Z. Amex should have 12.6% earnings growth next year, just barely better than the market. And don't be surprised if the actual earnings growth surprises to the upside. At the same time, it's selling for less than 20 times next year's numbers. That's a bit cheaper than the overall S and P. Lots and lots of banks made the final list and I really like to have one big and one small. The big one is Citigroup. Boy, is that strong. It should grow at a 28% clip next year it raises just 10.5 times the 2026 earnings estimate investments. Well, that's, that's strange. Cities made a remarkable recovery under CEO Jane Fraser. And even though the stocks had a huge run, it remains the cheapest of the big banks. That's why that disparity is going to close the upside for my small bank. You know what I like? Key Corp. That's that Cleveland based parent of Key Bank. We've had them on a bunch of times five regional bank, underrated capital markets business to boot. Key Corp. Is expected to grow at a 22% clip next year, yet trades at just under 11 times next year's numbers. Beyond the banks of the credit card issuers. Charles Schwab made the cut and I'm a big fan of this retail brokerage house. Same goes for Chubb. That's the property and casualty insurance play that I think is best in show. There are even a couple of private equity stocks that look interesting based on the screen. Like Apollo, which is now leader in both private equity and private credit. It's projected to have roughly 19% earnings growth in 2026, but it sells for just 15.5 times, not next year's numbers. It's always traded at a pretty big discount to the market though. What else? Now we know health care has been mostly a wasteland this year, which is why only four stocks in the group passed the screen. Among those four, the one that stands out to me is Insight, a biopharma company with nine approved products, mostly in oncology and dermatology, plus a robust pipeline, which is why the Stock's up almost 23% year to date. Still, insights expect to have 19% earnings growth improve and it trades at just under 12 times next year's numbers. That's again, way too cheap. A number of industrials made it through the screen. So let me cut to the quick here. Caterpillar, the machinery kingpin, has done incredibly well. It's up nearly 77% from its April lows. But you know what? I think it's got more upside stocks on track to put up 18% earnings growth sales for 22 times next year's numbers. Cummins CMI works too. Their company's core truck engine business has headwinds from the prolonged weakness in the freight market. But Cummins has underappreciated data center exposure, making backup power generators for these warehouses full of servers that cannot go down. Finally, there's Jacobs Solutions. That's the engineering construction firm we just had them on last week. Jacobs is involved in all sorts of designing, constructing data centers as well as New pharmaceutical plants. They work for Lilly and some of the other advanced manufacturing facilities that are hopefully coming back to America. It should have 16% earnings growth next year and the stock sells for 21.5 times 2026 estimates. Next, several quality tech names made the final cut. For example Dell Technologies, which you know, I've liked so much. They made it and though the stock's had its ups and downs over the past couple of years, is still up to a core player in the infrastructure. I also like J Bill. Boy, that's a great company. Contract manufacturer, all sorts of electronics. It's becoming an even more valuable partner for its customers this year amid all of this trade uncertainty. Now there's only one single solitary real estate company that made our list and that's bxp. It's a company formerly known as Boston Properties with a portfolio of mostly high quality office properties in six major cities on the east and west coast. Now, BXP trimmed its dividend earlier this month, which I thought it was going to really kill it but because they, but they did say they needed the cash to devote to growth projects which is why I think the stock bounced right back. Even after that it's still got a 3.7% yield. Finally I've got a utility that made the final cut and it's called Entergy. That's a New Orleans based utility. We profiled the many times with the service area spending from Mississippi to Texas. Energy has a number of things going for it from matters construction of a massive $10 billion data center in Louisiana to the ongoing build out of liquefied natural gas export facilities. It's going a little faster than the average stock in the S and P with a slightly lower priced earnings multiple. So here's the bottom line. Sometimes it can feel like there's nothing left to buy. You often hear about that. People say I all moved. When you do a little work you can find a host of cheaper than average stocks with above average growth. Any one of the stocks I just mentioned is certainly worth your time. Looking into Saba in Arizona. Sava.
Fox One Announcer
Hey Jim. My friends and I work hard in the gym. We can't stop eating our slop bowl. Therefore, Jim, what is the catalyst that's going to get Chipotle to move up? Is it an easier environment for consumers or is it something we need to hear on the next earnings call?
Jim Cramer
Well, I think it's a combination. Saba and I mean it's two things. One is that we absolutely have to have lower commodity prices because I think that a lot of their commodities be really, really hurting. And then the second that you need is you got to have a clear roadmap for, for, for growth. And right now I don't see that it has to happen or else people are not going to buy the stock. Let's go to Stephanie in Colorado, please. Stephanie.
Fox One Announcer
Hello Jim. I'm a frequent watcher of your show. Thank you for taking my call.
Jim Cramer
Of course. Thank you for calling.
Fox One Announcer
Yes, I am calling about Chevron. I've owned it since December 21st and it's a nice little dividend and though I was just wondering about the future since the murder and purchase of Hess this July and wanted to know is it a Buy More hold or sell?
Jim Cramer
It's just a hold. The reason I say that even though I think that Mike Werster doing a great job as CEO is that I'm not, I don't, I'm not a believer in the energy stocks. I actually sold the only energy stock, my travel trust, not that long ago because I just don't think that they have the kind of growth that I want out of owning a stock. We like growth stocks here. We have a predilection for it because that's how big money is made. But I thank you for the call. Now if you do a little work you can find a host of cheaper than average names out there. Ones that still offer solid growth too. Hey, much more mad money at clean my Excuse it with quants player Ionq man, it's going. It's getting difficult to own industrials. In this tape I'm taking a look at why there are so many sellers and why some other sectors just aren't working like they should be. And then of course all your calls Rapid fire. Tonight's edition of the Lightning round. So stay with Kramer this Marks has been so enthusiastic for high flying speculative stocks that you simply can't afford to ignore them. Take quantum computing. This is an idea that's been around for ages but it always seemed pie in the sky until the past year or two that is. Now lots of people are betting that it could become a reality much sooner than most people thought even just a couple of years ago. Consider the case of Iowan Q. Okay, this is the largest company in the space now is a $23 billion market capitalization. The stock up a quick 64% since we last spoke to the CEO in late July. Most those gains have come in just the last couple of weeks since the company held a very successful analyst day and followed that up with more positive news including last Week's announcement that we got to find more about the company signed a memorandum of understanding with the U.S. department of Energy to advance quantum technologies in space. So let's take a closer look with Nicola Damasi is the chairman CEO of Iowa. To learn more, Mr. Massey, welcome back to Mad Monica.
Nicola Damasi, CEO of IonQ
Wonderful. Great to be here, my friend.
Jim Cramer
Well, you have had some run and it looks like many of the things that you said would come true have happened. I want to go with this most recent news, the memory of understanding with the Department of Energy about quantum and space, because this would be very interesting to our viewers.
Nicola Damasi, CEO of IonQ
Yes. Well, remember, we're the biggest player in the space, as you correctly announced at our introduction. And we're the biggest player not just in computing, but also in networking and now sensing. And we also own a signals intelligence platform to do quantum key distribution in space. Right. So we've been busy this year putting together the pieces for precisely this sort of partnership. We are thinking big. We are thinking about projects, you know, as large as Golden Dome and how we fit into that. We're thinking about the transatlantic partnership. I was just at checkers with President Trump and Prime Minister Starmer obviously talking about what we can do for the alliance as well as what we can do for the five eyes and beyond. So I agree with your introduction completely, Jim. Quantum is here and Quantum is going to gallop forward. And I think the market has really solidified behind IonQ, as I like to say, the Nvidia, the quantum space.
Jim Cramer
Well, I like that. But I did want to. I know you guys are partners, but I thought of you today when I heard about all the money going into data centers, because you have said that in 10 years we're probably going to look back and think how crazy it is that we thought nuclear reactors that are powering data centers, size of football fields in the future, you're talking about burning much lighter and much, much smaller footprint, which to me seems a lot more rational than what we've been talking about.
Nicola Damasi, CEO of IonQ
Yeah, I think in a lot of ways today's GPU computing policies look like energy policy, if you will. And think of the marginal costs and you think about how that sector is run. It's really driven by energy. You know, you're correct. Our analyst day, we had some big news. It was mostly the announcement of our 100 Cubit system, our AQ64 system, as it's called, which we announced as being 36, quadrillion times more powerful than the most powerful machine in the marketplace from our competitors. Now, that's a machine that takes Approximately a billion GPUs to simulate. If you try to simulate what it can do, and it's obviously running off of a wall socket. It's not running off of a small modular nuclear reactor or a football field. It's a machine the size of a few commercial refrigerators. So it's a harbinger of what is to come. We're very much just getting started here. But you remember from last time that we're inflecting at a double exponential rate, which is probably what's driving our analyst community to understand finally what's happening at IonQ, which is it's not Moore's Law, where you double every two years in compute power. We double every time we add a logical qubit. So machines can become hundreds of millions of times billions of times trillions of times more powerful between generations. And it's literally changing the world. You know, sometimes, you know, every few months, as we add more logical qubits.
Jim Cramer
I want to go back to what you said when you're over with the President and Prime Minister Starmer. Now, what you just described would be ideal to shoot down anybody, anything that was sent at our country. And I have to believe that whatever was lobbed at us will almost seem like in slow motion to Iowa and Q's prevention if you're involved with Golden Dome.
Nicola Damasi, CEO of IonQ
Well, I can't confirm and deny where we are on a bunch of these, amongst these initiatives, but I think it's safe to say that we're the only company in the world who is able to stitch together space sensing, quantum computing, quantum networking.
Fox One Announcer
Right?
Nicola Damasi, CEO of IonQ
So that is a unique MoU. It is a direction that we are, we are positioning for and we are resourcing. And it's a position not just in the us obviously, but for the Five Eyes and NATO. I think sovereign systems are in demand around the world. And I think people are recognizing that quantum is about sovereign systems and sovereign capabilities. The transatlantic partnership, you know, is in full bloom. I think there was $250 billion investment that went, went into checkers, from the US into the UK and we were a proud part of that. You know, I was there with other great, great CEOs of our era on both sides of the Atlantic. And so we hope to be a big part of strengthening national security and national economic security for both the US and the UK and ultimately the Five Eyes in Naito.
Jim Cramer
Ok, so, Nicola, one of the things that intrigues me is at what point do you decide, you know what, let's go for some profitability and I will preface this by saying I wouldn't, I would go for growth. Because as long as you're going for growth and your market caps where it is, who is to say why you need to continue constrain yourself by profitability. But I am sure there are people, maybe on your board or your investors, you say, okay, enough is enough, now let's start making money.
Nicola Damasi, CEO of IonQ
You know, our shareholder base has been very supportive, not just since I took over, but you know, previously over the last five years, since we were the first public company in the sector, we are executing well. Right. We have expanded the vision and we expanded the TAM from just computing to networking to sensing on the ground up in the heavens. We've accelerated our technical roadmap a long way, both organically through the right hires and inorganically by doing things like buying Oxford Ionics in Oxford, England. We also recently acquired Vector Atomics to give us the leading position in the quantum sensing space. And so our story now is not just about the verticals of computing, networking, sensing, but it's how we stitch them together. And so I'm very focused on building that long term customer ecosystem and customer moat, if you will, by being able to land and expand with any one of these quantum services and also being the only company in the world that can deliver the full quantum Internet. Right. So capturing data with quantum sensors, computing that with our quantum computers, transmitting that securely across quantum networks, and being able to do that globally on the ground and of course up in the heavens, that's where our customers want us to go. So I'm very proud of our shareholder base. I mean, they understand what we do, they're very inquisitive, both at our analyst day and of course just on a daily basis. And they follow us in incredible depth. So I'm proud of the global nature of it, I'm proud of our global impact. And we obviously continue to drive the business in a direction that our shareholders seem to appreciate, support and understand.
Jim Cramer
Now, one thing that did kind of your CFO said something that intrigued me. You're talking about the different kinds of threats and how Palo Alto and Krausek, those two companies we like very much, that none of them would work against the threats that are quantum not scared me. Because these are people we count on to be able to protect us.
Nicola Damasi, CEO of IonQ
Yeah. So quantum networking, which is a core strength of ours, is a requirement in a world of quantum computing ubiquity down the road. And it's certainly, I believe, a very much good to have, if not a requirement today, if you think about classical cybersecurity threats. And so I like to always say, Jim, that you can spot our quantum networking customers because of the ones that are not in the news for data breaches and cybersecurity breaches, okay? And they are some of the world's largest financial institutions and telcos. And at the end of the day, what's beautiful about QKD quantum key distribution, which we are the leader in globally, is it's not just that it's practically unbreakable, it is theoretically unbreakable. So even in 50 years times, no matter how powerful quantum computers become, it will not be breakable. And so you have none of this download now, decrypt later phenomenon that you have right now for classical encryption. There's a game of cat and mouse going on right now where there's data breaches and people are grabbing data, waiting for quantum computers to be able to come along and crack all that, obviously. And unfortunately, I mean, you know, we're the good guys here, right? But there's going to be bad guys. There always are in every and every computing revolution, right? And so UKD is your solution today and in the long term and the medium term to keep your data safe.
Jim Cramer
All right, well, I'm rooting for the good guys. Nikolo Damasi, chairman CEO of IonQ, you've really built a great company here. Don't sacrifice growth for profitability. Don't listen to those people.
Fox One Announcer
We agree.
Jim Cramer
All right.
Fox One Announcer
Totally agree, Jim.
Nicola Damasi, CEO of IonQ
And you, you still owe me that co host from last time. So you talk full hour next time about that growth over profitability, man.
Jim Cramer
Buddy's back to the break.
Mad Money Producer/Announcer
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. Great round by the front. Ralph Gordon, army saving the Clark said about myself been dying under the clock by the time I stepped bear to the grave Planet sound and then the lightning round is over. Are you ready, ski daddy? Time for the light round. Crazy brothers talk with Jim in New Jersey. Jim.
Fox One Announcer
Jim from violin, New Jersey. There. Buddy, you mentioned us last week. How you doing?
Jim Cramer
I am doing well. How about you?
Fox One Announcer
I'm doing great because I'm talking to the Pope of prosperity, man. You know, it used to be last decade when you were deployed and stuff and say, what would Bruce do? Now that I'm retired, thanks to you, I say, what would Jim do? So I have a question for you, buddy. All right, you ready?
Jim Cramer
Yeah, yeah.
Fox One Announcer
All right. A company. I finally got their Shares down to about 39 a share. Okay. I averaged it out to that. The company just expanded itself down in Georgia. They're opening up a big facility to build electric vehicles.
Jim Cramer
You know I'm talking about, talking about Rivian. I'm talking about Rivian. Now here's the problem. Here's the problem, Jim. They spent a lot of money on that factory. I think that if we have a slowdown, the Fed doesn't bail us out. I think you're going to find that stock, you buy that stock lower. So I say wait, wait, wait, don't pull the trigger here. So it's up on a spike. Thank you for the kind words. Let's go to Barry in Louisiana. Barry?
Fox One Announcer
Hi Jim. Jim, I'm calling about, I'm calling about energy fuels ticker.
Jim Cramer
You, you okay. I'm going to give this trade on energy fuels. Remember what I said about Oklahoma was at 33, I said I will not go against any uranium or nuclear stock. This one's at its 52 week high and I still want to go against it. And I've been behind this one a long, long time. Let's go to Greg in Maryland. Greg.
Fox One Announcer
Hey Jim. Calling to see what you can tell me about the Key Morris company stock symbol CC thank you.
Jim Cramer
You know I think it's chronically undervalued but I have to tell you because people continue to think that it's got problems, problems with forever chemicals. I don't think it does. I think they put it behind it. But I'm not going to touch it because the Planis bar is that powerful. Let's go to Frank in Pennsylvania. Frank.
Fox One Announcer
Go Birds. My stuff.
Jim Cramer
Galat, Satellite. G I L T again Anything. Satellite, anything. Air, anything that is like this, whether it be flying cars, it doesn't matter. One head line and this thing flies. I am going to tell you that even though that's a 52 week high you can still buy the stock of Gillette Satellite. Let's go to Joshua in Texas.
Fox One Announcer
Joshua, Professor Kramer Bouillah from the great state of Texas. And thank you for everything you have done. Thank you so much for my portfolio being up 174% year to date thanks to you.
Jim Cramer
Whoa, whoa. Thank you. I got a question. Aspect Space Mobile. Well, you say you heard the word space. Now I know this is people are going to say what the heck is Kramer spoken? Well actually I've been right about every single one of these as you know. But what really does matter to me is is that this is your spec. You're allowed to have a spec, I say it, in making money anymore, all you got to do is have one spec. You're allowed it. You can't have two unless you're very, very young. And that asts is a perfect spec. Let's go to Rui in New Jersey. Rui.
Fox One Announcer
Hey Jim.
Jim Cramer
Hey.
Fox One Announcer
Booyah. How are you?
Jim Cramer
I am good. How are you? I'm well, thank you. Calling in regards to ticker symbol Amba Umbrella Inc. You know, it's been around for a long time. It's finally getting there. But I think it reflects all the good news already. I'm gonna have to say no to that one. And that. Ladies and gentlemen, conclusion of the Lightning Round.
Mad Money Producer/Announcer
The Lightning Round is sponsored by Charles Schwab. Coming up, growth stocks are all the rage in today's market. And Kramer's revealing which sector is benefiting the most from the move next.
Jim Cramer
It's gotten really difficult on the industrials here, including some of them mentioned earlier in that screen of good companies. It's almost as if the market gods have determined that unless you're somehow involved in the data center, you just aren't going to make your quarter. Of course, I don't believe that for a second. There are plenty of industrials connected to due to growth areas like aerospace or road building or the giant infrastructure spending package left over from the previous administration. It's not just the data center. Problem is nobody on Wall street seems to care. Why are so many money managers so predisposed to want to sell these stocks? I think it's because the industrials are now perceived as no win stocks. And the psychology here is actually pretty interesting. Mostly industrials are heavily tied to the strength of the broader economy. If the company is going to make its quarter, that could mean the economy is too strong. And if economy is too strong, the Federal Reserve might not be able to cut rates continually, which is what so many of the bulls want. Basically, if the industrials are doing well now, Wall street assumes that the Fed won't give them the rate cuts they need to continue to do well in the future. On the other hand, if the economy is too weak, most of the industrials will miss the quarter anyway. It's a weird situation where bad news is bad news and good news is also bad news. I saw it firsthand last week when we got the update from from DuPont which is split into two companies. A fast growing electronics business and a very steady industrials, health care and water business. These are two excellent companies that can bring out a lot of value once they start trading Separately, we've told members of the investing club that the sum of the parts could be as high as $100 and that is a huge gain given that the stock currently trades at 778 bucks and change. The spin off comes in November. That's not that far away, which is. But it's too far away for this market to deal with. Conceivably two Fed meetings away, which is just too hard. The bias against the industrials is so strong that money's been pouring out of this group all year. Even as I suspect that many companies in the cohort will end up beating expectations. The Fed's cutting rates. So historically this would be a good time to buy, not sell. This cohort. Little nuts. Are they the only groups worse than the industrials? The consumer packaged good stocks and the health care stocks, the very groups that are supposed to control do the best in the slowdown. Normally these are recession stocks and the industrials don't trade in the same direction. But that's the bizarre situation find ourselves in. Again, another set of oddities. The consumer packaged goods companies are being hit hard by inflation. Procter and Gamble and Colgate are getting pummeled over raw costs. The Fed doesn't want to see them raise prices because that's exactly where the inflation is most visible. The health cares. Oh boy. One look at can you the Johnson Johnson spin off. That's the one that all day to day people are talking about over the counter drugs. It shows you how problematic this group can be. The administration prodded by Health and Human Services head Robert F. Kennedy Jr. Seems convinced that there's a link between Tylenol and autism even though the science says otherwise. Now that could be a devastating blow to can view. I was going back and forth with customers Total wine and more this weekend signing my wife's phosphorus mezcal bottles. We have quite a few members. Thank you for coming down. I always ask well hey, what do you like? What do you own? Almost no health care companies. Highly unusual. Save Eli Lilly. But they all say the same is too difficult to own them. Which is why in the end you need to own real growth stocks and the only real growth is tech. It won't be kept down by inflation, it won't be dulled by recession. There's just too much demand for their goods and services and not enough supply. That's the perfect combination. That's what this market wants. Even if it means the stocks of many high quality industrials get left in the dust. I'd like to say as always a bull market summer and I promise I've had just for you Radio Made Money. I'm Jim Cramer. I'm gonna see you Wednesday.
Mad Money Disclaimer Narrator
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 strateg, but only as an expression of his opinion. Kramer's opinions are based upon information he considers reliable, but neither CNBC nor its affiliates and or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. To view the full Mad Money disclaimer, please visit cnbc.com madmoneydisclaimer Is it time.
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In this energetic episode of Mad Money, Jim Cramer explores the pitfalls and rewards of disciplined investing through real-time market movements, focusing on the explosive performance of Apple and Nvidia. Cramer shares strategies for sticking with long-term winners versus being shaken out by negative narratives and market noise. The episode also features his in-depth investing screen for undervalued S&P 500 stocks, an interview with IonQ’s CEO on quantum computing, and the signature Lightning Round of rapid-fire stock opinions.
[01:39–09:19]
Cramer’s Core Premise:
Most investors underperform because they trade too much and capitulate on great stocks due to negative media narratives and Wall Street pressure. Cramer argues emphatically for owning—not trading—the best growth stocks.
Apple’s Turnaround:
Nvidia’s Winning Streak:
Cramer’s Takeaway:
Quote (Jim Cramer, 08:54):
“It’s incredibly difficult to make money in any market if all you’re going to do is trade...individual stocks are where the biggest money is, provided you got the fortitude to stick around...”
[09:20–11:44 / 39:27–42:58]
Cramer fields live questions with punchy, actionable advice:
[13:27–19:28]
Cramer elaborates on why he’s now bullish on Boeing for the Charitable Trust after years on the sidelines:
Global Demand:
Only Boeing and Airbus can supply large quantities of commercial jets. Recent orders from UK, Qatar, UAE, Japan, Korea, and potential China deal.
Fixing Internal Issues:
New CEO Kelly Ortberg has improved quality control and balance sheet.
Defense Win:
Recently won Air Force contract for next-gen fighter jets.
Labor Disputes:
Factory strikes are a short-term issue; historically Boeing navigates these well.
Balance Sheet Improvement:
Raised capital and sold off digital aviation assets to focus on aircraft.
Quote (Jim Cramer, 18:38):
“Long story short, Boeing's now officially a charitable trust holding thanks to the stock's recent hard pullback...the company's gradually ramping up production... much better [balance sheet]...line of sight to positive free cash flow.”
[20:13–27:49]
With markets at highs, Cramer shows how to find undervalued growth stocks:
Screen Criteria:
S&P 500 stocks with above-average growth, below-average P/E.
Total Found: 104; narrowed to 86 excluding energy/materials.
Sector & Stock Highlights:
Quote (Jim Cramer, 26:53):
“Sometimes it can feel like there’s nothing left to buy…When you do a little work you can find a host of cheaper than average stocks with above average growth.”
[30:33–39:07]
Cramer speaks with IonQ CEO Nicola Damasi about the fast-evolving field of quantum computing:
Strategic Moves:
Product Breakthroughs:
Growth vs. Profit:
Damasi and Cramer agree: focus on expansion, not short-term profitability.
Memorable Moment:
Damasi quips about needing a full hour with Cramer next time—agreeing to the “growth over profitability” mantra.
[43:34–47:04]
Jim Cramer (on long-term investing):
“Individual stocks are where the biggest money is, provided you got the fortitude to stick around and you aren’t addicted to buying high and selling low.” [08:54]
Mike Sievert, T-Mobile CEO (on iPhone 17 launch):
“We just had the biggest iPhone weekend. We’re up double digits from a year ago.” [06:33]
Nicola Damasi, CEO of IonQ:
“Quantum is here and Quantum is going to gallop forward. The market has really solidified behind IonQ—as I like to say, the Nvidia of the quantum space.” [30:53]
Jim Cramer (on market rotation):
“It’s gotten really difficult on the industrials here...unless you’re somehow involved in the data center, you just aren’t going to make your quarter.” [43:34]
Cramer is characteristically passionate, energetic, and direct—pushing back against negative media narratives, advocating for disciplined growth investing, and sprinkling in humor and memorable analogies. The show’s style is engaging and conversational, aimed at both educating and empowering retail investors.
This packed show offers essential lessons on resisting the noise and sticking with quality growth stocks like Apple and Nvidia, showcases actionable stock screens, and takes listeners into the future with a quantum computing deep dive. Cramer’s rapid-fire Q&A and strong, quotable opinions make the complex world of investing accessible and entertaining.