$VG Venture Global Tape Reports
Per Ticker.id: $VG Venture Global Tape Reports — timestamped podcast mentions, volume, and share of voice. Latest 2026-06-08 16:50 UTC.
At Venture Global, we think about what can be done, not what's usually done. Through innovation, Venture Global is not only building some of the largest energy facilities in the world right here in the United States, but delivering American energy at a fraction of the cost in a fraction of the time. So while others are busy talking, we're busy building. That's Venture Global. That's unstoppable energy.
Speaker C — Odd Lots · The Korean Levered ETFs Shaking Markets All Around the World · 2026-07-10The board recommends approving— Regarding that seat on the committee, we're proposing— to host quarterly earnings. Every day, shareholders meet to discuss important matters about the companies you invest in. Now you can easily make your voice heard. Vanguard Investor Choice gives you a say in the companies you invest in. With just a few taps, you can set your proxy voting preference for your index funds. Visit vanguard.com/investorchoice to learn more. Vanguard Investors own shares of our index funds, which own shares of the companies they invest in. Available for Vanguard index funds that participate in Investor Choice. Vanguard Marketing Corporation, distributor. When the right person joins a team, everything changes. Deadlines tighten, momentum builds, chaos settles down. That's why hiring smart matters. Indeed Sponsored Jobs gets you quality candidates when you need them most. Spend less time searching and more time interviewing candidates who check all your boxes with Indeed Sponsored Jobs. Less stress, less time, more results. Listeners of this show will get a $75 sponsored job credit at indeed.com/podcast. Terms and conditions apply. Need to hire? This is a job for Indeed Sponsored Jobs. My mission is simple: to make you money. I'm here to level the playing field for all investors. There's always a bull market somewhere, and I promise to help you find it. Mad Money starts now. Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer on the Street, my friends. I'm just trying to make you a little extra money here. My job, not just to entertain, but to educate. So call me at 1-800-743-CNBC or tweet me @JimCramer. There's a reason that so many of us in this business love to talk about the biggest companies on earth, but we need to stop making endless comparisons. Stop, stop, stop, stop, stop, stop, stop. Among them, just because they're all colossal in size and many of you own them. On a day where the averages roll over the map, with the Dow advancing 139 points, the S&P gaining 0.81%, the Nasdaq jumping 1.3%, I think we need to accept an old adage that my Grandma Mary always told me: Comparisons are odious, especially comparisons involving the trillion-dollar giants that dominate daily discussion of the stock market. Why? Because comparisons are only useful when the companies really have something in common beyond their scale. And often they are considered to be carbon copies of each other. And that's just not true. Consider what each of these companies really is. Hey, why don't we start with Meta, okay? That's become a real mystery. This morning it was reported that Meta has a new chip in production with Broadcom. That caused an instant panic. No, no! Because it meant that Meta was gonna spend a ton of money to keep up with Google, Amazon, and Microsoft in the cloud computing business. Then throw in Meta's acknowledgement that it's gonna spend a lot more money on capital expenditures, a dreaded strategy from Wall Street's perspective. And the stock got slammed right outta the gate. Meta can't possibly go up against those other companies, right? Their expertise is advertising, correct? How do they defeat Google, Amazon, and Microsoft in cloud infrastructure? But hold up here for one moment, just one moment. And forget about the other trillion-dollar companies and just think about Meta. Stop comparing, start thinking. Mark Zuckerberg is a genius. He's demonstrated that time and again. Perhaps, just perhaps, he's thinking that his web service business could be huge because it can cross-reference with all the data from Meta's 3.5 billion users. Maybe that could be a huge new revenue stream. Maybe he has plans to monetize WhatsApp in some way that needs the agents that a data center creates. We don't know, but we can approximate that Meta might get a gigantic return on its investment here. It's only because we think of how much everyone else is spending that we don't consider maybe Zuckerberg's got profitable plans and he isn't just some cowboy throwing up expensive data centers all over the world purely because he can afford to. That's nuts. This is a man who'd take that— who really would. He would take the same money and use it just to sit there and buy back stock if he thought that was a better use of cash. He's done that. There are a ton of investors who'd happily buy his stock if Zuckerberg would simply cancel these expensive plans. But maybe we should lean in and recognize that he knows more about his company's prospects than we do. Maybe that's why Meta ultimately rallied like crazy after that initial decline. It finished up $28. Zuckerberg's not a bozo. You can quote me on that. We should stop considering him as one. What a stand. Or how about Google? All right. Now, they raised a ton of money recently and basically capped the terrific rally in their stock. In the old days, everyone loved Google because it was spewing cash. Now it seems like it's trying to raise any money, any amount of money that it can just to stay in the AI rat race with the other Magnificent Seven. But wait one minute. Sure, there's a race to get market share in what seems like an increasingly commoditized market with ChatGPT, Claude, Grok, Perplexity, Gemini. It's entirely possible that we only will have one winner in this whole game. And if that's the case, it's going to be Google because of Gemini. Why? Because it's a default on Apple's installed base of 2.5 billion devices. If I were Alphabet, all I'd be thinking about is how to make the best product for Apple. How to please them, how to come up with a better Siri. That was enough to wipe out all comers once before with Google Search. Now it could be the same with Gemini. Meanwhile, we no longer spend much time pondering the worth of YouTube or Waymo. Ridiculous. Do you think YouTube may be the most profitable large-scale business ever invented? And all we care about is Google spending money in another place. Now, today was one of those days where the complex of Micron, Seagate, Lumentum, Corning, Western Digital, Sandisk all took off and they're all at the top of the S&P 500 leaderboard. These are all companies that make products where there's intense demand right now, mostly from the data center, and there's not enough supply. This rally got triggered by an analyst who raised his price target for SanDisk from $1,200 to $2,000. Where was that guy? Was he like hiking in the Andes for a while? I don't know. Come on, wake up. There was a clarion call that there are plenty of price increases still to come for their data storage products. When traders see that, they do 3 things. Okay, they do 3 things. We're going to get them in the order that they do them. First thing they do, okay, well, they buy the stocks I just mentioned. 2, they put in orders for SK Hynix, the giant Korean memory chipmaker seeking to raise something like $26 billion in an ADR offering on the Nasdaq. They start trading tomorrow morning. Stay tuned for more about that. And 3, well, what do they do? This is their favorite thing to do. Sell, sell, sell, sell, sell, sell, sell, sell, sell Nvidia. Because they think It's too big, too played out, too, too lumbering. Me, what do I do? Well, I look at Nvidia as a company unto itself with a management run by Jensen Huang, who seems like a smart fellow to me. I say it's at the heart of the data center with a product that's still the envy of the industry. Doesn't matter though. All I see is people endlessly comparing chips by Amazon, by Alphabet, by, by, by, by Microsoft. And maybe by Meta, by Samsung, by SpaceX. We never stop to think that all these companies, what are they really? At least the hyperscalers, they're— they are— they are customers of Nvidia. And just like the commodity semiconductor companies, Nvidia is on allocation too. We just don't talk about it. They can't make enough of their product either. But some of the commodity chip companies like SanDisk now have price earnings multiples that are higher on next year's earnings than Nvidia. I regard that as insulting. Insulting to Jensen Huang. Insulting to me. I'm insulted. SanDisk is a commodity chipmaker. Nvidia is the most proprietary chip company in the history of the world. You know what held back Apple for ages? Its lack of data center spending. Lack of it. That's what— see, that's all this comparison stuff. They're not spending enough. Yeah, it was constantly under fire for not shelling out fortunes on an AI strategy. Even the other guys were under fire because they were constantly shelling out fortunes on an AI strategy. All right. This compare scheme has got to stop. No, Apple didn't build its own AI. It's not in that business. The crazy thing, though, is that they have a superior consumer product. Now, Google's Gemini is basically the default AI on your iPhone. Are they given the benefit of the doubt? No, because Siri isn't smart enough. I say don't sell Apple. The company has a product that's unusually— maybe it's just It's not the best for them. Okay. It's not the best. Typically, everything they make is the best. But history says they will eventually get there. All these companies suffer by the compares. Amazon is not good enough because it keeps borrowing money to build data centers that it won't be able to monetize like Anthropic can. Microsoft has a suboptimal AI product versus the others. Copilot. What if it has a new one we don't even know about that's going to blow us all away? Maybe it's got something secret. The competition is so stiff, the amounts of money that they're spending make them second-rate investments in the eyes of the market. You can't raise numbers on them. Not now. And if you listen to the zeitgeist of Wall Street, not ever. But one day, one day, one day, one of these companies, one of these companies is going to announce on a conference call that it's raising its forecast because of the AI products it is making. And you're going to see a rally in all of them, a rally that'll be so powerful that you'll never stop kicking yourself for missing out on it. How do I know this? Because unfortunately, they all trade together. Right now we're in a sink one, sink them all situation. But the bottom line, we get one, just one of these heavy hitters saying its AI business is now profitable, then you can forget about owning a commodity semiconductor stock. Instead, you'll go for the hyperscaler that's spewing so much cash flow, you won't even know what to do with the money. And you will be left holding commodity companies that can't hold a candle to any of these giants, even if they are decidedly not from one big happy family. Craig in Texas. Craig, hello? Oh, Craig, I kind of missed you. Craig, booyah, Jim! Booyah! What's happening, Jim? Let me start by thanking you for sharing your wisdom with us listeners over the years. Oh, thanks. I've done very well because of you, and I feel indebted. Well, I like that. No, do not feel indebted. Watching is good enough. Go ahead. I'm sorry. Okay, no worries. I'm a second-time caller, club member, and I have your most recent book. I love it. My stock is IBM. I wanted your opinion so I can decide whether I should buy, sell, buy or hold? I want you to buy the stock, Craig, of IBM. You buy some now, and then it's been having these kind of panic fits, just panic attacks. You buy the rest then. I think IBM's terrific, it's inexpensive, and Arvind Krishnan is doing a fantastic job. All right guys, I'm a little fired up about this idea that all these stocks should trade together because they should. One day you're going to see a rally in one of these stocks that kicks off a rally in them because everyone thinks they're one big family, one that is so powerful that you will kick yourself for missing out on it. On Mad Money tonight, with SK Hynix at the list on the NASDAQ tomorrow, I'm gonna give you a rundown of whether you should fold this new name into your portfolio. Then, a different kind of chip stock fell hard after earnings. So what's behind PepsiCo's decline? I'm taking a closer look at it. And I'm digging into a company with a boring name but exciting prospects that you told told me about. Don't miss my take on preformed line products. No, don't fall asleep, it's going to make you big money. Stay with Kramer. Don't miss a second of Mad Money. Follow @JimCramer on X. Have a question? Tweet Kramer, hashtag Mad Mentions. Send Jim an email to madmoney@cnbc.com or give us a call at 1-800-743-CNBC. Miss something? Head to madmoney.cnbc.com. How do you turn your strategy into action and action into impact? Bold leaders do it through transformative strategy and transactions, ones that work in practice, not just on paper. At EY Parthenon, we use an investor mindset to help you create value. How? By combining deep sector experience with AI-powered technology so you can reimagine your business for tomorrow while building it today. Shape your future with EY Parthenon. Learn more today. When you're at work, you never know when you'll be interrupted. But with the Dell Pro powered by Intel Core Ultra with vPro, no matter what distracts you, your laptop won't. It's battery optimized for the way you work with built-in intelligence that quiets distractions when you need to focus. Your laptop will help keep you locked in, even when it's Bring Your Dog to Work Day. Built for those who stay in the flow. The Dell Pro. Built for you. Dell.com/Dell-Pro. Hey, whatcha doing? Are you doomscrolling other people's vacations? Miami? San Diego? With Expedia, your trip can earn rewards which you can use towards your next eligible stay. Soon, people will doomscroll scroll you. Expedia, the one place you go to go places. Terms apply. Tomorrow, this market gets hit with its third gigantic equity offering in the past 6 weeks when SK Hynix, the South Korean memory chip giant, issues American depository receipts that will trade on the NASDAQ. Now, the numbers haven't been finalized yet, but we're talking roughly about $26.4 $44 billion worth of stock based on the company's closing price in South Korea today and the current exchange rate. Now, this comes on the heels of the $75 billion SpaceX IPO and Alphabet's $45 billion fundraise. We've also seen some big bond offerings from SpaceX and Amazon. That's why I'm really hung up on this SK Hynix deal. It's yet another test of this market's appetite, especially for stocks that are connected to the data center theme that I always talked about. I know $26 billion might not sound that earth-shattering, but you know this, it's one of the top 5 stock offerings of all time by size. Until last month, Alibaba was the largest IPO in U.S. history, and that was less than $22 billion. At the same time, SK Hynix is a company that most Americans had never heard of, at least until the great memory shortage went into overdrive about a year ago. Now it's already valued at more than $1 trillion in Korea. So tonight what I want to do is this: I want to walk you through where this company came from. It's going to be the biggest trader tomorrow. Originally, SK Hynix was founded as Hyundai's electronics subsidiary back in 1983. Then in 2001, it rebranded itself as Hynix Semiconductor and was spun off as an independent company. For years, this was basically a penny stock as it took ages to recover from the East Asian financial crisis of the late '90s, and the company was saddled with a heavy debt load. Things started to turn around in 2012 when SK Group acquired a controlling interest, and SK still owns 20.5% of the business. Since then, they doubled down on investments in production and new technologies while other chipmakers were pulling in their horns. For example, in 2013, SK Hynix rolled out the first high-bandwidth memory product, something that's become crucial to AI infrastructure. These days, the demand for all kinds of memory chips has exploded thanks to all these new data centers. And when we talk about memory chips, There are basically 3 big companies that make them: Micron, Samsung, and SK Hynix. They're number 2 in overall DRAM memory market and also number 2 in modern— in more modern flash memory while being the biggest maker. And this is what really matters of high bandwidth memory. See, that's why the stock's been on fire lately. They control 56.4% of the hottest market on earth. The high-bandwidth memory market. Nobody else comes close. And this is the stuff that data centers can't get enough of, the hottest commodity on earth. If you measure from November 30th, 2022, that's the day that ChatGPT launched, SK Hynix stock is up roughly 2,550%. It's morphing the 354% gain from Samsung South Korean listed shares. They're in that same business and the 1,620% gain from Micron. Much of these gains came in the past year as the memory shortage has gotten much more acute. That, that's what's caused prices to soar over the past 12 months. This one's even about even with Micron, which, you know, is one of the great performers of all time. That's a 700% gain. Now, I know these runs in the memory chip stock, they just seem crazy, right? But it's much easier to process when you remember that the underlying earnings are flying too. It's not just based on Ether. From 2023 to 2025, SK Hynix's revenue nearly tripled. As for the earnings, they lost about $7 billion in 2023. It was a very lean time, and then they turned to $30 billion profit last year. That's what this business used to be, up and down and up and down. This year, the analysts expect SK Hynix's revenue is going to more than triple, while net income is expected to increase fivefold to around $153 billion. Like Ralphie from The Sopranos. It's a good earner. That's how SK Hynix became a member of the trillionaires club. So, okay, now you know the background. Is this thing worth buying when it starts trading in America tomorrow? You know what I'm gonna do? I'm gonna give you this case and then I'll give you this case. The bull thesis is simple. As the dominant maker of high-bandwidth memory, SK Hynix is one of the top beneficiaries of the great data center buildout, and it should keep winning for a long time. In the memory chip market specifically, the companies involved say that they don't expect supply to catch up to demand until at least late 2027, or even— I think this one's more likely— 2028, meaning multiple years of insanely strong, ever higher pricing for memory chips. At the same time, SK Hynix has a very, very, very, very, very close relationship with the best customer of all, Nvidia. Just last month, Nvidia CEO Jensen Huang visited SK Hynix on a trip to Seoul, where the two companies announced an expanded multi-year partnership, including long-term supply agreements. That was very important for both companies. But the simplest argument in favor of SK Hynix is this: even after the stock's incredible gains, I know this is going to sound crazy, but it's still pretty darn cheap right now. The stock trades at 7 times this year's earnings estimate, just 7, 5 times next year's numbers, 4.5 times the numbers for 2028. Their memory chips may sell at a huge premium, but the stock trades at a discount. How about the bear case? Okay. As I've mentioned many, many times with Micron and other commodity chipmakers, the big concern is that historically memory chips have been a boom and bust business. So when supply eventually catches up with demand, you don't want to be left holding the bag. Again, historically, every memory chip boom has led to a memory chip bust. We also know that SK Hynix has enormous capital spending plans. They want to boost the capacity to catch up with the voracious demand for these chips. Their long long-term plan is to spend the equivalent of $729 billion bolstering their South Korean manufacturing footprint. Now, if you believe the AI-driven demand for these chips is permanent, well, then, then you're going to need all that capacity. But if you're familiar with the story here, you know that lots of new production capacity is how shortages turn into gluts. At the same time, SK Hynix is probably benefited from the fact that it only trades in South Korea, making the stock inaccessible for many American investors. Once it trades here, though, starting tomorrow, the whole group, including Micron and Samsung, will have less scarcity value. The final leg of the bear case for SK Hynix is what's happened over the past 3 weeks. In that period, we've seen many memory stocks just get crushed. Clearly a beatdown for Samsung just this last week. This week, despite the fact that it preannounced what I thought would were fantastic numbers on Tuesday morning. Micron's also been hit hard, even though it reported a terrific quarter in late June. Meanwhile, SK Hynix's South Korean-listed shares are down about 25% from their highs less than 3 weeks ago. That's happened on no real news from the company itself. It's just that the stock went parabolic. Fortunately, that means you're not coming in at the tippy top for the stock. But this thing's a roller coaster that can go down real fast. Sell, sell, sell! Here's the bottom line. Tomorrow, SK Hynix Korea will start trading on the Nasdaq here. And this offering represents another enormous slug of stock that our market will need to digest. I think it's an important test for the market. That said, we know the memory chip business is on fire, at least right now. And if you're willing to accept the volatility, I think you'd do a lot worse than this one. If you really want it, though, how about this? Put on a medium-sized position, leave room to buy more into weakness. It's had quite a run and it's not clear that the digestion of this new chunk of stock will be all that well received, especially if it's priced at a premium to the last sale in Korea, which is what we are hearing may happen. Bad Money's back after the break. Coming up, with PepsiCo's earnings falling flat, Kramer's digging into the report to see what went wrong next. At Venture Global, we think about what can be done, not what's usually done. Through innovation, Venture Global is not only building some of the largest energy facilities in the world right here in the United States, but delivering American energy at a fraction of the cost in a fraction of the time. So while others are busy talking, we're busy building. That's Venture Global. That's unstoppable energy. My community gives me the confidence to ask myself, what would you like the power to do? So every time I'm on the pitch, I play for more than myself. Oh, what a tackle from Naomi Girma! Absolutely brilliant! Bank of America Champions U.S. Women's International team member Naomi Gurma, and everyone who dares to ask, what would you like the power to do? Bank of America, proud to be the official bank of U.S. soccer. Bank of America NA member FDIC. It's smart to always have a few financial goals, and a really smart one you can set? Earning cash back on what you buy every day. And with Discover, you can. Get this, Discover automatically matches all the cash back you've earned at the end of your first year. Seriously, all of it. And we trust you to make smart decisions. After all, you listen to this show. See terms at discover.com/creditcard. Was it the price of gasoline that crushed PepsiCo's stock today, or was it the price of Fritos? This morning, PepsiCo reported a quarter that looked fine on the surface but failed to wow when you got to the fine print. Meanwhile, the stock, once a market darling, has turned into an ugly duckling. On a conference call, management admitted that inflation and the price of gasoline caused domestic snacks sales to fall. That led to a collapse in the stock. It dropped $4.65 or 3.26%. It was one of the worst performers in the S&P 500 today. Now, unlike its beverage competitor Coca-Cola, PepsiCo is a very complicated company. One that's historically relied on the salty snacks division, not this. Frito-Lay is what fuels its growth. And unfortunately, Frito-Lay has gone negative in North America, the most important market, down 2%, primarily affecting lower net pricing. How come? Well, here's the paragraph that slew the quarter. Results were tempered in the, in the quarter as US food and beverage category performance moderated. With consumer budgets tightening due to rising inflation pressure. Well, this is new verbiage from PepsiCo. The previous quarter, CEO Ramon LaGuardia thought that he had pricing under control. There have been sequential improvement and the stock was strong. Now, though, in just 3 months, things are looking much worse. A pretty shocking development, especially for a well-respected run company like PepsiCo. How did it take us by surprise? Maybe we on Wall Street are just a bunch of snobs. Most of the big trigger pullers in this industry don't know much about regular people. They don't shop at Walmart. They've never been to a Dollar Tree, and they probably don't know the difference between a $6 bag of Fritos and a $7 one. They don't think about the added cost of a bag of chips on top of the money they spent at the pump when they go to the convenience store, which is a huge locus of snack spending. So we were all aghast that there could be any pushback on the price of potato chips. Could a dollar increase really make such a huge difference? Honestly, yes. See, the Wall Street guys aren't considering two things. First, the price of gasoline is right in front of you, and we know it's exorbitant versus a few months ago, even as it's pulled back from its highs. When gas is that expensive, consumers need to give up on something like snacks. When a bag of chips was $3, it was not an issue, but $6, well, that's a real source of savings. So there was genuine shock on this miss. Now, I've been lucky enough to be a rich guy for a long time. Look, I play with an open hand here, okay? I'm not gonna pretend. But I remember what it was like to be poor, and I can tell you it isn't the absolute price of potato chips that has people upset. It's the endless increases in price and the compounding of those price increases over the years that make tens of millions of people sick to their stomachs. This quarter, I think some of the largest distributors had enough and demanded price rollbacks. We know that Walmart committed to rolling back prices. In fact, they specifically named Frito-Lay chips and PepsiCo sodas in their announcement of price cuts on Monday. It wouldn't shock me if Walmart forced PepsiCo's hand and demanded rollbacks as the prices stayed in their aisles. I think it was the rollbacks in the traditional grocers plus the sticker shock of the convenience stores that made it so no matter what PepsiCo did, it couldn't grow the business. Now, they've tried things to forestall this moment. I know they want to stick by their innovation playbook. I respect that. They are tremendous cost cutters, too. But maybe they just have to take the darn hit and cut the price of their products big time, take a ton of market share, and then 3/4 from now, they can have a much better return. I fear, as others do, that this is the beginning of a slow rollback in pricing. I say rip the Band-Aid off, go back to prices from 10 years ago before the illness increases, and get realistic. You raise prices too much. Too often for a country that is now weight-obsessed, health-obsessed, and GOP-1-obsessed. And you're just not going to make as much money per bag as you'd like to. Now, PepsiCo gets about half of its sales from overseas, and that business is terrific. They need to make international much bigger to lessen the impact of fruitless domestic pain. Here's the bottom line. I fear now that only drastic pricing can reverse a domestic dive. Something, by the way, that CEO Ramon LaGuardia disagree with when we interviewed him on Squawk on the Street. In truth, I thought Raymond wasn't really disagreeing with me. I think he was suddenly disagreeing with the action in the stock. And that's actually not that great an idea when you're running a publicly traded company. Let's go to Cliff in New York. Cliff, booyah, Mr. Kramer. Booyah, as they say in the Hanes underwear commercials. I'll try to be brief. Healthcare stocks have been out of favor for a long, long time now, right? But when it comes to CVS Healthcare, would you say it's a buy, sell, or hold? It's a strong buy. Why? Because this David Joyner has come through the scrum. Where do we see a Walgreens? Very few of them. We don't see Rite Aids anymore. They're gone. The only real competitor to CVS is Amazon. And CVS has got Aetna, Amazon doesn't. Aetna is crushing it. Buy the stock of CVS. I sure wish I'd done it for my trust. Let's go to Justin in West Virginia. Justin. Hey Jim, how you doing? I'm doing well, Justin. How about you? I'm doing great. Thank you for taking my call. It's an honor to talk to you. Of course. Hey, I'm looking at a stock that is down considerably still from its 2021 highs. "But year to date, it's had a heck of a run. It's up almost 70% in 2026. Jim, is it too late to get into Marriott Hotels?" No, no, it's not. No, it's absolutely not. I think this is a long-term winner. I've been saying this over— Oh, oh, hold it. Marriott Vacations or Marriott Hotels? Two different stories, but I like 'em both. Vacation. Oh, the vac— Okay, that's Marriott Vacation. Not as good as Marriott Hotels. I prefer Marriott Hotels. Much better longer-term growth. I'm sorry that I reacted so quickly. I heard Marriott and I like it so much I couldn't restrain myself. All right. I fear that only drastic price cuts can save PepsiCo stock. The company, it's a great company. It's just the stock's too high because maybe Fritos are too high. What's my money at? The name Preformed Lime Products might not sound all that interesting, but a closer look at the stock reveals something promising. I'm digging deeper. Then, are the senior housing stocks getting a new lease on life? Boy, who's looked at them lately? I'm going off the charts to survey the space. And of course, all your calls rapid fire tonight. It's the Lightning Round. So stay with Kramer. The other night I got this terrific call from Sam in Massachusetts. Who asked about a company called Preformed Line Products Company, PLPC. I told him that he had a winner. Tonight, I want to circle back to it because this one's a beneficiary from the great American tech buildout. And like many other data center plays, the stock's come down hard over the past week and a half. Now, this is a company that designs and manufactures all sorts of stuff that's critical when you're building new infrastructure, things like connectors, Fascinating solutions, cable holders and protection products for cables, lines, fiber optic networks. I know, boring. So what? That we need this stuff for the new electric infrastructure to power all these data centers. And that means more business for PreForm line products. They dominate the market for heavy-duty transmission, lower-line hardware. Same goes for inside the data center. These guys make the physical infrastructure you need if you want to run bundles of wires and fiber optic cable throughout a big warehouse full of servers. Now, this is something I talk about practically every night, right? The AI boom is incredibly hardware intensive. After decades where software was in charge, now it's all about setting up massive buildings, filling them with tech, and even building new power plants to supply them with electricity. That's how something like a Caterpillar's become a big winner. And it's why PreForm Line products keeps winning. In its latest quarter, the company delivered a monster earnings beat, 24% growth just versus the previous 3 months. In other words, that's linked. Their sales were in line, but that still represented 19% year-over-year growth. And this stock's been a great long-term compounder. It's up 105% over the past 12 months and up 67% just year to date. But after soaring above $400 in June, the stock has now pulled back to the $340s. The PreForm line products chart looks like every other AI-related stock chart. A huge run this year that's taken a breather lately, although given how this group's bounced today, I don't know, the breather could be over. That said, even after these gains, PreForm is still tiny with a market cap of under $1.7 billion. You're definitely not early if you buy it up here, but if— but you might not be late either. See, this is a small company with an increasingly large role to play. In grid upgrades and the great data center buildout, which we know is still early. And PreFormed also has some potential exposure to robotics and automation. They're even working on next-generation robotic installation systems for overhead power lines. Boy, does Sam have a good one here. At first, when I got the call on this one, I called it a mini Quanta. And it's also reminded me of an outfit that was on the show not too long ago that I really, really struck me as a great one called Sterling Infrastructure. These are the guys doing the construction, engineering contracting, buying a lot of the power infrastructure and data center buildouts we keep hearing about. We had Sterling CEO Joseph Cutiello on the show. That was February 27th. Get this, the stock was at $420, I mean, $420s. Just a few months later and it's down in the $700s, up more than 200% over the past 12 months. You can do a lot worse than being in another Sterling Infrastructure. Now, Prefarm line products in Sterling operate in different parts of the AI infrastructure stack. To start, Sterling is a services provider while PreForm makes physical products, but they're similar in that they're both tied to key bottlenecks in one of the biggest buildouts in history. Sterling helps solve the bottleneck at the very beginning— physical construction, engineering, and site prep. PreForm solves the bottleneck in digitizing the power grid, hanging the advanced conductors, and providing the hardware that helps connect and protect the guts of the data center and the grid around it. Wow. I think both are good places to be. And the market seems to agree with me. These are two smaller companies that benefit from all the CapEx construction, everything that goes into a data center and the systems connecting them. Every cable, every line, every connector, and every piece of hardware that makes the buildout work. Prefarmed also has the potential benefit from the White House's efforts to bolster domestic energy infrastructure and secure the power grid. Like when Trump invoked the Defense Production Act back in April. That order authorized federal purchases, purchase commitments, and expedited action to expand manufacturing and deployment capacity for companies critical to American infrastructure. Companies like PreForm. Put it all together, and I think PreForm Line Products is a good fit for this moment. Again, I'm not saying the company will definitely get a check from Uncle Sam, but the government's telling you exactly what it thinks is strategic— grid infrastructure, conductors, transformers, transmission equipment, substations and the supply chain around them. That's PLPC's bread and butter. This kind of company might not be your first thought when you imagine what goes into the great AI buildout, like what I talked about at the top of the show. But before the AI boom, this was a really pedestrian grower. Why? Well, look, the electric grid hasn't grown much in this country in the last couple of decades, but now there's a colossal amount of spending to make the grid more— much faster and more powerful. Certainly make it a little bit harder, so to speak. I think PLPC is a great derivative play on the market's biggest theme. I think you're getting a nice entry point here given the recent pullback. Sure, it's doubled over the last year, but I don't think it's crazy anymore to buy a stock like PreForm at 35 times earnings in this data center obsessed market. So here's the bottom line in this very cool idea that one of our brilliant viewers, Sam, brought to us. PreForm Line Products Company is a small but critical part of the AI buildout. If you believe in this story and you believe the company can earn nearly $13 per share in 2028, which is what the analysts are projecting, then you got my blessing to put a position on right here. Now, look, ideally the stock will pull back a little bit more. You get that in the position weakness because I don't see the data center buildout slowing down anytime soon. But the stock has already pulled back. I say you're getting it at a much better level than I thought you'd get anytime soon. Get money's back. Get money's back. Coming up, he's the fastest mind on Wall Street, so we're putting him to the test with your help. Bring on the lightning round, next. It is time, it's time for the lightning round with my friend, who is in the stock— So there's not much difference between— you play this round and then the lightning round is over. Are you ready, Ski Daddy? Time for the lightning round. First up, Tyler, New York. Tyler, Jim, first time caller, longtime listener and club member. Jim, I wanted to get your thoughts on this founder-led company using AI to try to disrupt a multi-trillion dollar industry. Jim, the customer growth is impressive and the The story just keeps on getting more and more interesting. Jimbo, summer is here, it's scorching outside. So tell me, Jim, what do you think about some L-M-N-D, lemonade? I wish they could make some money, frankly. I mean, that would be good. You know, it would change my view of it if they started making money. That would make it into a better stock and a better company. But I think you put on a tremendous presentation. Let's go to Ned in Ohio. Ned, Professor Kramer, good to talk to you again, sir. How's your day going? How's my day going? I think fair to middling. I did a little of this, a little of that, mostly that. That's a steal from another show. Go ahead, sorry. Okay, well, I was afraid I was going to strike out today because, uh, I was in the queue to talk to you Tuesday, and then when Minsky. So I was 0 for 2 until today, and I'm 1 for 3 now. Hey, Dutch, so you're 33 average, and the phone room people are fabulous. I love the phone room people. Yes, sir. I wanted to talk— I wanted to ask you about a company that pays a secure dividend of around 3.7%. It has millions of acres of owned or controlled timberlands. Uh, in the construction wood products business for commercial and housing construction. They're in real estate. They also— their stock price has drifted down quite a bit, but it seems to me it would be a pretty good buy with that interest rate, and it has room to grow over time. The company is Weyerhaeuser, sir. Oh, Weyerhaeuser. Okay, here's the problem with Weyerhaeuser. If rates go up, this stock goes down, and people think rates are going higher. If you think rates are going to low— going lower ultimately, then you would start buying the stock right here. I'm more bullish on it than the rest of Wall Street. Let's go to Sal in New York. Sal. Jim, how are you? All right, buddy, what's happening? Nothing much. All right, a A couple weeks ago you had the CEO of FedEx Freight on your show. Yeah, Daniel Walther. Everything was great, but you guys— he was awesome. I mean, it was awesome. And you guys are talking about all the autonomous routes that they're running, but there was only one issue, Jim. You didn't talk about the company who's running those routes for FedEx Freight and how successful those routes are and the on-time percentage and the safety percentage and all the great partnerships that that company has. Jim, it's time for you to bring on Chris Urmson, one of the co-founders of Waymo. It's time for you to bring Chris on your show. Jim, what do you think about Aurora Innovation and bringing Chris on? I'm calling him right now. I can't even wait. I'm not even gonna wait till the end of the show. We're getting that fellow on the show. I am not gonna make a determination on Aurora Innovation until I get Chris Urmson on the— he used to be, by the way, he's the founder of Waymo. I'm gonna really be all over this guy. All over him, but I will not render a verdict until I have him on the show. There it is. Now we're going to go to Harvey in Arizona. Harvey, good to talk to you, Jim. Enjoy your show. Thank you. Well, I'll probably just talk stocks too. I mean, you know, while we're at it, right? Yeah, yeah. The— well, I was calling you. I, I'm an old engineer, so I like carpenter Technology symbol. And so do I. And not just because it's— CarTech is one of Philly's best. You got a terrific company there. What a great chart too. I think I would buy some here and buy some of the coming down, but definitely add some right here. And that, ladies and gentlemen, is the conclusion of the Lightning Round. The Lightning Round is sponsored by Charles Schwab. Coming up, could assisted living stocks be a safe haven What's the best option for your money in a turbulent market? Kramer's going off the charts to find out next. Today, I want to tell you about one of the great secular growth stories of our era that really has got nothing to do with the data center. Talking about the senior housing shortage in this country. And we've known about America's aging population base for decades. There's nothing new about my fellow baby boomers getting older and older, but throw in massive senior housing shortage that we're having and suddenly there's a lot of money to make here. That's why we're going to go off the charts with the help of Dan Fitzpatrick. Oh, he's a terrific technician who's the founder of Stock Market Mentor and the host of his own podcast, The Fitz Factor. Take a closer look at some of the best performing senior housing stocks. You know, blow your socks off. You can't believe these charts. First, Let me set the stage. The number of Americans over the age of 80 is set to grow from 14.7 million today to nearly 19 million by 2030. That's a 30% increase in less than 4 years. As these people get older, the senior housing and assisted living industry will need to build about 600,000 new units by 2030. But it's very hard to put up new housing in this country. And we know that senior housing construction slowed dramatically, shrinking to its lowest level in more than a decade. In short, Demand for senior housing is accelerating, but supply just isn't keeping up. As Fitzpatrick sees it, that means existing senior housing assets are likely to become a lot more valuable. Now, there are two distinct categories here. You've got the owners, basically landlords for senior housing, and then the operators who actually run these facilities. Fitz thinks opportunities are all over the place here. Why don't we start with the weekly chart of the biggest one, the one everybody knows if you're following this industry, and that's Welltower. It's a real estate investment trust that owns one of the largest senior housing portfolios in America. Welltower owns the lot, the real estate, and partners with different operators to manage many of them. But ultimately, Welltower is a landlord. When you look at the weekly chart, you can see that Welltower has been in a magnificent 3-year uptrend that is so clean. No signs of slowing down at all. And it makes sense. They own lots of senior housing in a world where the 80-plus demo is skyrocketing. Fitzpatrick points out that the 40-week moving average, blue, okay, uh, shows strong institutional buying. Every time Welltower share pulls back, the price— look at this, the professionals come in and they load up the truck. The top of the trading range shows you how far the stock can run before these institutions back away. Some room there. Fitzpatrick believes this stock can keep chugging higher. He thinks you can buy Welltower right here, right now, but you should leave room to buy a little more on weakness, maybe the next time the stock pulls back to around its 40-day, 40-week moving average. A little bit here. Okay. Uh, and that's a very solid, uh, that's a very solid line of support. That's a very pretty chart, people. Next, let's talk about senior housing operators like Pennant Group and National Healthcare Corp. Check out the weekly chart of Pennant. Oh man, as an operator of senior living communities, the biggest expense is in people, is in business I'm sorry, isn't buildings. This is people. Okay. That's why Pennant's been embracing artificial intelligence to make its employees more efficient, basically do more with less. Fitzpatrick notes that Pennant peaked at around $36 in late 2024 before pulling back 40%. Since then, though, the stock has repeatedly found buyers at the $22 level. Nice for support there. Over the next 20 months, Pennant has traded sideways, forming a round base that looks like a bull. I love bull patterns. Basically, every time the stock comes down, institutional money managers would step up and basically prop it back up, and they never stopped buying the stock. Finally, just a couple weeks ago, this— all that supply below $37, well, it was soaked up. So the same institutional buying pushed Pennant higher and higher. Now they're running it up on high volume at this point. Right there, you can tell that's high volume. Uh, at the end, the stock's broken out above its key ceiling resistance at $37. Today it crossed above $40, and, and it's— and based on the depth of the, of the, of the action here, I got to tell you something, this thing can sail to $55. I agree with Fitz before the end of the year. That would be a very nice move. You want to be in on that move. I don't see much resistance at all. Last but not least, there's National Healthcare Corp. Take a look at the daily chart. This is another operator of senior housing. It's putting up good numbers. Fitzpatrick points out that National Healthcare has a reliable repeating pattern where the stock pulls back to the 50-day moving average and then institutional buyers snap it up. I mean, this is— they just differ where people snap it up. But this one is the purple line, the 50-day. If the stock gets too far above the 50-day moving average, these same institutions seem to close up shop, wait for a better entry point. We've seen the same pattern 7 times over the past year. Now, Fitzpatrick's view, this kind of pattern needs periodic rest before it can trigger another rally. He points out that National Healthcare has experienced a series of flat tops that ultimately led to next buying, next buying opportunity as the floor support at the 50-day. This is another one that takes the 50-day moving average gradually catches up with the share price. At this point, he thinks the stock's moving up to another level, but it won't be too long before we get another shallow pullback that could make for an excellent entry point. Here's the bottom line. These are 3 unbelievable charts. I had not— Dan came in this. I did not know about this bull market. I'm glad that he brought it to us. It suggests that the senior housing plays like Welltower, Pennant Group, and National Healthcare are all gradually trending higher. He thinks you should wait for weakness and then pounce. I find it hard to disagree because the senior housing shortage is a phenomenal long-term theme. As a matter of fact, I actually want to be more aggressive than He is. I'd like to say there's always a bull market somewhere. I promise I'd find it just for you right here on Mad Money. I'm Jim Cramer. See you tomorrow. All opinions expressed by Jim Cramer on this podcast are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet, or another medium. You should not treat any opinion expressed by Cramer as a specific inducement to make a particular investment or follow a particular strategy. But only as an expression of his opinion. Kramer's opinions are based upon information he considers reliable, but neither CNBC nor its affiliates 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. Soccer teaches us lessons we can take with us long after we leave the field. That's why Bank of America and U.S. Soccer are committed to helping bring soccer to every school. Raise your hand to help at BofA.com/SoccerAtSchools.
Jim Cramer — Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 7/9/26 · 2026-07-09At Venture Global, we think about what can be done, not what's usually done. Through innovation, Venture Global is not only building some of the largest energy facilities in the world right here in the United States, but delivering American energy at a fraction of the cost in a fraction of the time. So while others are busy talking, we're busy building. That's Venture Global. That's unstoppable energy.
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David Risher — Masters in Business · Bonus: The Future of Ride-Hailing with Lyft CEO David Risher · 2026-07-08Support for the show comes from Public.com. If you're actively involved in your portfolio, you probably catch yourself repeating the same actions: buying the dip, manually sweeping idle cash, putting on a hedge. On Public, you can now create AI agents that handle all these tasks on your behalf. Just describe what you want to do in plain English, like, if the VIX hits 25, buy a put option on the S&P 500. Or, if my cash balance goes above $20,000, move the excess into my direct index. You approve the workflow and your agent handles the rest. Monitoring the market, watching for your conditions, and executing your strategies exactly as defined. An investing platform driven by your intent, not just your clicks. You can also get full read and write access to your account via the Public API. Go to public.com/market and fund your account in 5 minutes or less. That's public.com/market. Paid for by Public Investing. Brokerage services by Open to the Public Investing Inc., member FINRA and SIPC. Advisory services by Public Advisors LLC, SEC-registered advisor. Complete disclosures available at public.com/disclosures. When you're running a business, the best days are the ones where priorities stay on track. For midsize and large companies, risk can affect multiple parts of the organization at once. From property and liability to cyber and regulatory challenges. At that level, managing risk becomes an ongoing discipline. At The Hartford, the focus is on helping businesses manage risk before it turns into something more disruptive. And when losses do happen, that work is paired with insurance coverage shaped by years of underwriting, risk engineering, and claims experience. Learn more at thehartford.com/riskmitigation. Policies provided by Hartford Fire Insurance Company and its property and casualty affiliates, Hartford, Connecticut. Never bet against American grit or American energy. Through innovation, Venture Global is not only building some of the largest energy facilities in the world right here in the United States, but delivering American energy at a fraction of the cost in a fraction of the time. So while others are busy talking, we're busy building. That's Venture Global. That's unstoppable energy.
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Speaker A — Bloomberg News Now · US Doesn't Renew USMCA, Meta Plans Cloud Business, More · 2026-07-01