Listen to Jim Cramer’s personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money.
TranscriptTime is an investor's best friend. But it's never too late for a little mad money 101. Clashes in, sessions! Boom, boom, boom, boom, boom, boom, boom, boom! They made a buddy back to school for Lill! Boo, yeah! The mad money back to school tour is burning bright at the equator of capitalism. Boo, yeah, Jim, and welcome to the U. Mad money starts now. Hey, I'm Quim! Most of the country may be facing sub-zero temperatures, but tonight I am bringing a heat from the gorgeous campus of the University of Miami. We are kicking off a very special back to school to get some money. I'm trying to make you some money. My job is not to entertain and educate, but to put this on in context, so call me at 1-107-4-3-CBC or tweet me at Jim Kramer. I get it. I understand why you are being negative on stocks right now, even if you are good at it. But I have to admit, I am really glad that this year is a big change. There are millions of reasons to feel bad about this market, especially after this big run in the last two days. To the Dirty Realization that nothing much has changed from the better in the last three days, there is still inflation. There is still great luck in Washington. hand-headed you practically every single day. Yep, every day I run this investment club with my colleague Jeff Marx, who stuck in New York while I get to be in beautiful, pro-business Miami at the aptly named University Miami. Yes, the you, like this, not like this. As I uncertain, so learn, this is you, Tom. Um, at the you. Anyway, we come in and you stay for months and get put through the stock meat grinder because we owned a company called Envidia, the big semiconductor company, and the semi's just got slaughtered day after day after day. We stuck with Envidia because the chips and the back bottom of artificial intelligence. And more important when this kind of stock bottoms, it goes back so fast you might not get a chance to get back in. Buy it a better price. So we stuck with it and stuck with it and stuck with it and one day. Everyone's talking about this thing called chat GPT. But the thing is, it starts with Envidia's platform, game changer. When the stock was at 108 in October last year, I was taking gas down more than 60% from its top. Everyone laughed at me, made me sick people in this school in the streets of what are you still in that Envidia for? Checking video today. It's doubled since then. Today I constantly hear that if you want an AI place, you should look go for the Envidia. Look at it, half. I read it in my darn dog after it. Very confused for the dog, unless you have meat in your hand. People thought this story was all about video games. But it's about innovation. And now Envidia is powering one of the most important platforms of all time. If you played through the pain last year, you've now got this enormous gain. That's what you have to do. Or how about meta platforms, the artist forming on his Facebook. Not that long ago, I had a horrible quarter. I was discussing it actually on air about how much it hurt. It hurt my trust. It hurt me. But I said there was a path for Facebook to go forward. And the path was something called discipline. Well last night Mark Zuckerberg followed that path, except he called it efficiency. He changed his stripes. He's not spending like crazy anymore. He's firing people over the place. We don't want that, but it's working. And he's spending time in the way from the metaverse. Get these reels and Instagram. Even WhatsApp. And that's what I wanted. Told him so. After today's monster, 23% gain, the stock's down more than doubled from its lows if you held on. If you suffered, you got the gain. That's it. Of course ideally, you would have sold all these a little a year ago. But getting the back end is so hard. Almost no one is that nimble. That's why I always tell you to buy a sell at stages. We sold some Nvidia and Facebook at much higher levels, bought some of the back end anticipation of the eventual turn arounds. And they came. We took the pain and we gained it. But now we got a whole new set of pain. Being thrown at assist very evenly. Tonight Amazon, Alphabet and Apple all report to the market. And I think you had to accept the fact that these were not meta. They all ran an anticipation of being like meta though. And that didn't happen. Now Amazon had OK numbers, but didn't give you the giant layoffs. People wanted the hard 8000 people. They laid off less fuel than 20,000. They need bigger layoffs. But it was 34% coming in. That's ridiculous. I wanted more efficiency. And just like meta gave it. Didn't get it. Alphabet. People forget it's advertising based and advertising is weak. The stock was up 7 bucks just today. It could give up those games. Apple. What can I say? On it, don't trade it. Apple had China supply problems. It hurt the quarter. We didn't do that. It shouldn't have run into the print. What can you do? Wait until it goes to 140 and buy some back. I wish it were better. It couldn't be. But 2 billion Apple users come one. That's phenomenal. And it's the milestone that they announced tonight. I like that. Funny thing about this market though. It gives you tremendous opportunities all the time. Now it's 10% probably too high. Time to move on. I like it cold. I like to suffer like I didn't Facebook. I love the suffer I didn't invent. Not because I'm a masochist. That is indeed the better. But because when the company is well run, the paying off and represents a great buying opportunity. Pain. Once I mean just dodge. How about buying Eli Lilly? I just upgraded from a 2-1 for the investing club today. Meaning I buy it right here. It's got a diabetes drug that will likely get FDA approval as a weight loss treatment sometime soon. Doctors may already be prescribing it like a weight loss treatment. But it hasn't gotten government fit. It hasn't gotten the FDA official nod yet. And that tells you the tremendous demand. You know what? If you buy Lilly here, you haven't had to suffer. It's already down. So let me give you the bottom line. When companies change their stripes, or when they're incredibly well managed, or disciplined, or efficient, or when they invent amazing products and reinvent themselves on the fly, you should stick with them. And remember, if you like to stock so much that you named your darn dog after it, don't kick it when it's down. Buy more of it. Let's take some questions. Let's go over here. We'll start with that number 19. Kramer, thank you very much for being here. My name is Ruben. And my question for you is, due to troubling valuations in public markets, do you think REITs should be pursuing privatization? They have never done that. Because they tend to have a lot of debt on the books. I think it's an interesting proposal, but they love public markets because they like to sell stock and bring more money. And they like to stock itself to be able to buy things. So I think they should hold off. I think they have to be traditional as they are. I like federal reality, frt, shopping centers. Yes. Hi Jim, my name is David Allen. I'm from Miami, Florida. I have a question about China. Now they recently announced an end to zero COVID. And China is both the world's largest exporter and a huge source of global demand for commodities. If you're the federal reserve right now trying to fight inflation, is China reopening good or bad news overall? It's real bad. It's a great question. I know everyone's trying to cheer the China's start spending more money. I know they certainly wish it if it were Apple. It's a commodity inflation based spur. There will be an issue. And I think you're really right to worry about it. I think people are with some past the graveyard if that market comes back. And the way to watch it, by the way, is watch oil. Because oil hasn't gotten anything, anything since they reopened. As long as that stays down, we're going to be okay. But if that starts flying, we're going to be in trouble. And the feds go out to do maybe to a tube, maybe more than two rate house. Great question. Here we go. Hi Jim. My name is Francesca D'Amisa. I'm from Boca Raton, Florida. Before I ask my question, I wanted to tell you how much this show means to me. My father died of pancreatic cancer when I was eight years old. And this show was like one of the few memories I have of him is watching it with him. That's right. So I'm very thankful to meet you and be here today. And I am thankful for you sharing that story of real life. And again, you got to spend the time with your dad. I've had similar experience with my mom with kidney cancer. It just goes. You know, and you got that precious time. And I'm glad that we could be a part of it. So thank you very much. Yes. And I'm actually a pre-med major. I'm studying to be a neurologist. And so as someone that is not going to school to study investments, what are some ways that I can learn about the stock market and how to invest? And then my second question is, what stocks do you suggest to build generational wealth that I can buy as a college student? Okay. These are fabulous questions. And I think what you have to do when you're neurologist, you have to get your study. So you got to get first hand experience. I'm very close to my neurologist, Dr. Newman. And he suggested I take, you know, I have migraine problem. I'm the right, look, it's, they'll see. She's spoken for the American Migraine Foundation. So I'm not revealing something here. But NeurTech is made by Biohaven. And I push it and push it and push it because I take a NeurTech when I get my migraine. And it's a way in fact 10 to 15 minutes. You have to look at what you do and think who is doing remarkable things? And you know how hard the brain is. But if you find something that can actually affect the brain and a positive way, because you know we're mapping the brain out, that's your stock. And it'll be perfect. And I, I, I just, I like you. I mean, look at it. You know, you're just, you know, you're, you're why I do this show. I mean, you know, my dad and I talked, my dad and I talked at every show. And even say you call it 7-0-1, he goes, Jimmy, that was the best show ever. Every day for 12 years. When somebody changes your stripes, you should change too. You got to stick with them. Coming up on that money takes Miami. Two members of the Student Management Fund here at Miami, herb and business school are going to pitch yours truly on their top stock picks right now. I promise to not go easy on them. You know me? And my youth going in, Scott be thinking. What should young investors be buying right now? I'm listing three smart picks for those with a longer term horizon. And a Miami Bay CEO who's got an inspiring story about his family, Kate, Kate Petilist from Cuba. And they became owners of one of the largest Hispanic founded infrastructure companies in Dorkt, tomorrow. So step, way, great. Don't miss a second of Mad Money. Follow at Jim Kramer on Twitter. Have a question? Tweak Kramer, hashtag MadTweets. Send Jim an email to madmoneyatcmbc.com. Or give us a call at 1-800-743-CNBC. It's something head to madmoney.cmbc.com. I love it. It's inspiring to see the passion, the excitement from the students here at Miami Herb and Business School at the University of Miami. Let's hear it. In just a second, you're going to meet a few students from the Student Management Fund. These students manage $1.4 million, okay, which is actually component of the University's endowment. So they better do well. These students on the real deal, they research, they manage funds, and today I'm putting them to the test, just like I used to do with my old hedge fund, where you had to come to me, me, me, and on Folden. That's right next to Wall Street, with a box of crispy creams at 4 a.m. If you pitch me a stock, you maybe you got a job. I ate all the crispy creams, so I was a little different than a much more trim. All right, let's take our first pitch. You guys. Hey, Jim, how you doing? Anna and I are here to tell you why six flags ticker S.I.X. should be at the top of everyone's watch list. Land and buildings just recently opened an activist position in them. They're absolutely phenomenal at finding these opportunities. If you, as the business continues to normalize in 2024, I think your real estate values somewhere at 30 bucks a share. The operating company's worth another 25. I think our price target's right at 55, which substantial upside from here. So, Land and Building is a great company, and they recently identified Vichy Parties as a potential buyer of six flags real estate. Vichy is a $50 billion market cap company, and they've done stuff like this before. They have recently expressed interest in amusement parks, and year to date have raised $1 billion to make that kind of investment, so for them, a $4 billion acquisition of six flags real estate is like Scooby Snacks. Yeah, that's interesting. When I talk to the people at Disney, the real estate is huge. I mean, I even fell at one point, I pitched them a theme park. I found 300,000 acres of land for sale in New Mexico between Denver and Washington. And it's exactly the story you told, which is short as a real estate. And theme parks are red hot, if you read Comcastes, Quora, We're For Comcasts. They talked, that was the strongest unit. Disney's theme parks are all sold out. I have not liked the balance sheet. Are we okay with the balance sheet six flags? Yeah, we're okay with the balance sheet. $2.5 billion net debt. I think all in, we're looking at a $55 price target once they monetize this real estate. The operating company is basically just our cherry on top, and there's tons of upside to Land and Building's going after. They have the game plan, they've executed the game plan before. They're doing what they always do, and they'll continue to be great. One last question is, I know we got a lot of people, but I am concerned. Okay, in the off season, how do you feel about six flags? Because I got one year in me in Jersey, and it's kind of desolate. So the off season is going to be made up by the escalations and the ticket pricing for all the consumers that are going to be going there. There's just a phenomenal plan that's been outlaid by Land and Building and the six flags team. It's been embraced, the activism is actually influenced and very positively seen. So I think they're going to do the right thing here. I like it. I like it. I like your call. I like theme parks. I think you could work, and I thank you for that excellent presentation. That was really good. Thank you. Okay, who's over here? Hey, doing gym. My name's Ian Ratt, originally from Southern New Jersey. Go Eagles. Go, Bart! My name's Austin Ortiz. I'm from Oceanside, New York. And today, we're going to be pitching you Canadian Pacific. But first, we had heard that story about you and your hedge fund days and want to get you a box of donuts. So, we'll be doing later. See, these guys are smart. It's in the book. So you read the book. That shows homework. That shows preparation. I like that. We'll split them up into staff. I got a guy here, Brian. Who lead everyone. I'm going to be very careful. Let's go. All right. So we think Canadian Pacific is a strong buy right now with considerable upside. We're confident that they're merger with Kansas City Southern. We'll be approved by the Service Transportation Board later this quarter. The perspective combined railroads will be the first interconnected railroad between Canada and Mexico, which will allow for greater volumes in their automotive and intermodal shipping volumes, which is substantially more profitable than the bulk shipping business. We are expecting about a billion dollars of EBITDA growth over the next three years. We believe that Canadian Pacific is a buy at its current price. Their most recent earnings report produced excellent numbers, most notably a 21 percent increase in revenue over the fourth quarter of 2022. We expect these trends to continue throughout the first half of 2023, due to analysts estimates of record high Canadian grain output all throughout the first half of 2020. Let me just say first, I mean the railroads are, they were red hot today. I think without that acquisition I would have said absolutely not. With that acquisition I think it's a good do, but it's going to be a slow slog. Because people are worried about the transports right now, because they just went up a thousand points in two days. But I like to pitch. I like to pitch very much. Yes. We want to talk to you about T-Mobile, who should be on your radar considering their strong brand name. What was about with the action today and that stuff? Wild. Look, pay. Given their strong brand name and recent increase in subscriber growth, they should be on top of mind, especially considering their increase in 5G infrastructure spending, given their time since the sprint merger. Additionally, they also have about $5 billion in anticipated synergies to be realized, which should be driving growth for the coming years. And in essence, they plan on increasing their subscriber growth. All right. Time comes on. I do need to hear about the competition. And I want to hear about the fact that the stock, what your view is about why the stock went down, there's got to be some substance to it, because it did not. It's popped every single time after the quarter, except for this time. So they did miss the revenue growth targets? Exactly. Although they do have earnings growth about two times the industry ever. Okay. Now, I'm in that stock for revenue growth. So I think that that was just an okay quarter. I was surprised. Seaver was on air, and I did not think he made the case. I think the stock goes lower. Got to tell like it is. Yes. Hey, Jim. I'm only from the UK. Big bye for us in the fund right now is peloton. Every time I go into the gym, more and more people are using it. We don't care for the bike. We don't care for the tread. I want them to stop spending money on a rowing machine. They need to get expenses under control. But that subscription business, you got nearly 70% margin. You got 300% growth in two years, in numbers, and you have a 1% turn. We think it can become a real, real cash cow. It's currently trading just over three times subscription revenue. We want management to get expenses down. But we believe in them, so we think it's a strong dollar. Don't worry about these spenders. It's Barry McCarthy. He'll chop people's heads off the ass. I think he's dynamite. I love the idea. Wish it hadn't gone up just two bucks. Or I would just say I would be all in time size ranch. Peloton's a great idea. Okay, let's come in a little bit. I have two bucks after that last quarter. But you got a great idea. Contrary, I love that. War met money from Miami is back after the break. Coming up, Kramer's at the Miami Herbert Business School, connecting with the next generation of leaders. But how about the next generation of growth stocks? I'll look into the future. Next. In the past, we've been working for a long time. You can afford a lot more risk than say a retiree who has done working and that's the way both their savings. If you're still in your 20s, you've got decades to make up for any potential mistakes. And you will make mistakes, comes with a game. Plus, you can afford to invest in stories that might take a while to unfold. And that's okay too. Patience is a virtue in investing. You're growing companies that aren't you today, but might become something you later down the line. For example, four or five years ago Tesla, which is a wee bit junior growth stock. Well, there's nothing junior anymore about the stock of Tesla. So let me give you three of my favorites. Write them down. Come on, word school. The first one up is Etsy. Yes, the online marketplace for hand-grabbed goods and boutique sellers. That's in Brooklyn about 10 blocks from my ass. I've been recommending this stock since 2016. And it was a big winner for us even before the pandemic hit. Then COVID sent us into lockdown. And that's he went into overdrive with a stock story in $30 and watched it 2020 to an all-time high and maybe too high, a $307 November of 2021. Like, other fast-growing digital plays it ran up just to the stratosphere. And then we got hit with the post-COVID pullback. Sell, sell, sell, sell, sell, sell, sell, sell. With the stock plummeting nearly 80% from its highs. In less than six months. By the Etsy bottom, the 67 last June, thank heavens. By by by. But here's the thing. Even though the stock's valuation got a little excessive, nothing really changed about the underlying business. And that's what matters. It's a business. The stock just represents that. While Etsy sales slowed from peak COVID levels, the growth rate bottomed around 5% early last year. And since then, it's accelerated back to the double digits. Possibly higher when we get the fourth quarter of numbers later this month. That's one of the reasons the stock's been able to rebound back to 148, including a monster 6% run today. Thanks to the NASDAQ catching on fire. You know, I like Etsy. I like it because this is a company where you don't need to sacrifice profitability for fast growth. They were profitable for the pandemic. And while the earnings have pulled back from 2021, they've now stabilized at a much higher level than pre-COVID. Not many stocks have done that. That's important because Josh Silverman, the CEO, is a visionary. He's amazing. And he knows how to execute. More important, I think, Etsy embodies the ethos of many of the younger investors like BC behind me. This is a platform that enables you to support small businesses and hobbyists working out of their homes. Many of them women, which is fabulous, rather than the faceless corporate giants. You know what it is? I took this class. Capitalism of the human face. What's next? Hey, how about one that I asked about earlier when I was trying to get the lay of the land here at the business school? How about Airbnb, which is completely disrupted the lodging industry since it's founding nearly 15 years ago? Full disclosure. Well, I warned you away from Airbnb when it came public in 2020 because all IPOs were way, way too hot. I started recommending it too early. Hey, you always got to own your mistakes. Even though this is a real company, real earnings, real cash flow, it's stock traded like every other garbage IPO last year. The stock only bottomed at $81 in late December. Buy my buy. But like so many other growth names, Airbnb caught fire in 2023. Currently, it's up more than this is how stocks work. 38% year to date. And like many other research and digital plays, I think this move is actually entirely justified. For the past two quarters, Airbnb has reported record problems. They come in a show and talked about no one liked it. They were wrong. These are generally accepted accounting principles. It's not the people of business school. Not just had adjusted earnings. He bit on nonsense. I expect strong earnings again when they report later this month. More importantly, I think the earnings estimates for Airbnb are way too low. The number one driver of higher stock prices is the ability to beat those estimates. Right now, Wall Street's assuming Airbnb can only put up seven percent earnings for this year. I'm betting that's way too low given the current insatiable demand for travel. Of course, Airbnb is going to do well in an environment where travel is more important than ever. People want to see the world. At the same time, this company is indeed a cash machine. They already had positive cash flow for more than $2 billion in 2021 before they even turned problem. When the fourth quarter of numbers are turned in, I am betting they'll finish 2022 with more than $3 billion in free cash flow, which is the number I look for. FCF had it closer than $4 billion this year. Long story short, Airbnb is a great company. And if Wall Street cared about the fundamentals because they don't right now, the stock would have gone a lot better last year. But because it was part of that recent IPO crop that nobody wanted to touch, well, it languished. Now, though, we're back in bull market mode. You know I like that? And these guys can get credit for everything they're doing right. Finally, I got one off the radar screen, particularly for this area of the country, but also where we live. But I'm not from one of my daughter, LeDen Oregon. It's a junior growth company that you might not recognize now. But you'll certainly recognize in the future. In fact, it might become so ubiquitous that it makes you sick. I'm talking about Dutch Bros, which is ostensibly another coffee chain that's concentrated in the Pacific Northwest right now. But in reality, there's a lot more going on here. These guys sell a lot of coffee in the morning. Caffeinated coffee. The kind I like. Then they do great business in the rest of the day. Thanks to the selection of house made energy drinks. They do everything short of injecting the caffeine, drafting your veins. Why can't they do that? I'd like that. Plus, Dutch Bros is kind of like the anti-starbucks. At Starbucks, they want to be your home away from home. Your office away from the office. Dutch Bros is all about efficiency. They don't want you to be at home there. They know some people just want their fix. Fix of great caffeine, great taste and coffee. Forget the home way, home way stuff. They got dry throes. They got kiosk. I love that. Dutch Bros is already at Powerhouse Out West. But you probably haven't seen one down here. Because they hardly have any stores east of the Mississippi. They just entered Nashville just now. With a couple of stores and they're building one one in Orlando. One in Florida. Come on. They're actually building stores everywhere though. And that's what makes Dutch Bros a textbook junior growth stock. As at the end of the year, they have 671 locations. Management is confident they can grow that to 800 by the end of next year. Then 1000 by the first half of 2025. Long term, goal, 4000 stores. And I think that's low based on how they take it over the Pacific Northwest. I think it's doable. And then some. This one's all about that regional national rollout that I love so much about money. Last year, Dutch Bros was occasionally hampered by higher labor costs. Higher raw costs, higher dairy costs, higher construction costs. These are all settling down. Thank you, Jay Powell. But if inflation peaked and it sure looks like it has, then they will do the number. And then some. And I will much smoother trajectory going forward. I think Dutch Bros is a fantastic long term holding as long as you can get it now. Less than 40 bucks. Oh, and that annihilator they serve. My favorite coffee drink because it keeps you from sleeping for a whole night. That's my kind of drink. But I'm like, if you're a younger investor, you need to take some risk in your portfolio. That's how you have a chance to generate gigantic returns. I recommend betting on long term stories that can eventually give you big wins as long as you're patient. Which is why I like Etsy, Airbnb and Dutch Bros. But there's a whole universe of junior growth stocks that are worth owning. Now, now you know what to look for. Let's take questions. Let's start over here. Hey young gentleman. How you doing? Hey Jim, first and foremost, welcome to Miami and welcome to the U. Thank you. Thank you for having me. My name is Matilda Marau. I'm originally from Brazil. So Latin America has seen a lot of new fintechs movement. And I guess I'm a little biased being from Brazil. I've been taking a lot of look in new bank. They just listed a year ago and they've been down since. But it has seen like with a very positive growth. They have grown across Brazil, Colombian, Mexico and they just posted a profitable quarter last year. So what do you think about that? Is new bank the one to look at? I'll tell you what I think. I like you. You got horse sense. That's a good situation. I like Macquarie Lebrough's original investor, Nat. And I got to tell you, then I drilled down the numbers for Brazil for Apple tonight. It was probably one of the greatest areas. I think new is terrific. I like it, but long term because it's down because of political turmoil. You're betting that things calm down. If they calm down, you catch a double. If they don't, it flatlines. But you know it's political. It's keeping it down. Not the numbers. How about over? What is this? What are you putting me? What are you putting me right here? I'll be right here. I see I am in the end just to marry that, right? They tell me where to be. Okay. Who's up? Hey, Kramer. How you doing? My name is Yash. I'm from Jacksonville, Florida. Do well till we die, baby. And so my question is about EVs. With laws being passed that are banning the production of gas and diesel vehicles, and the increase in purchasing and production of EVs, are EV stocks such as Tesla, Rivian, and Ford, worth buying and holding. Great question. Now, Rivian is up on his short squeeze. It moved radically today. Nothing in the earnings. I think Tesla's dead enough that you got to bet with Musk. And sometimes we're pungent as he is. But I got to tell you, after tonight, and I'm going to talk about this later, Ford stock is going to get hit because they missed the numbers, but not the EV numbers. So that one is for you. That's what I suggest. We got new, we got Ford, and if you're a young investor, you need to take some risky portfolio. I like Etsy, Airbnb, and duck pros. But there's a whole university junior ghost stocks that are worth owning. There's much more man money ahead. Infrastructure, construction company. What is that? That's mass tech. And mass tech has been involved in some of the most complex projects across the country. And it's home base right here. I got the CEO. Now, let me tell you why speculation is worthy of your, it's worthy of your cause. But only if you follow my rules of the road. Yes, yes. All I can say is that I'm a mass tech, a mass tech rock. And of course, Mab and Fire, lighten around. University of Miami Edition, stay with Kramer! Yeah! Oh, wow! Oh, wow! Oh, wow! Over the past couple of years, Congress has done the right thing. Hundreds of billions of dollars in federal infrastructure spending, especially for green energy projects. Although it takes a while for those projects to get going, because our government is pathologically unable to build things in a regional dive range. We're starting to get a better idea of where that money's headed. Which brings me to mass tech. This is the infrastructure, construction company that I've liked for a long time in space right here in Coral Gables. They make telco infrastructure, win, and solar equipment, and electrical transmission lines, and natural gas pipelines. And the number one in a lot of these cities. That's one reason the stock has rallied more than 50 percent, since just the end of September. At the same time, mass tech is one of the great American immigrant success stories. The company was founded more than 60 years ago by a 21-year-old Cuban refugee, named Jorge Moss, who came to this country, penniless, saw an opportunity, and yes, seized it! Now the company's run by a son! He's residing over an 18 percent compound annual growth rate since he took over in 2007. Oh, and he just happens to be a University of Miami alum. And a member of the Board of Trustees. So please join us in giving a hometown hurricane welcome to Jose Moss, the CEO of Moss Tech. Mr. Moss, welcome to the money. How are you? Thank you so much for being here. Hello, Tensham. Hello. Why do we go right there? I mean, what is the school giving you out? What have you learned from being here? And what can you still learn? Let's look around. Look at these kids. I think we can learn from these kids every single day. They're hunger, they're desire. The desire to be better, the desire to dream, the desire to accomplish great things. Amen. It's incredible. What's with this? Hey, man. Hey, you know what? And this shows about that. I didn't hear anything cynical. I heard everything positive. That's the way it should be. Enough with the corrosion. We're positive. Okay. Speaking of positive stories, I don't know if you know, but I do my show normally on the New York Stock Exchange floor. And I do it right under the bell. Something special happened to your dad there. I know shortly after he passed, but I want you to describe what he did and what he saw. Well, for my father, look, this is an incredible city. This city adopted a Cuban-American community. I'm a product of that adoption. I'm a product of the generosity of the city of the generosity of the United States. This is the greatest country on God's Earth. And my dad was an immigrant from Cuba. He... Yes, yes. This is what we cheer for. For him, the New York Stock Exchange was, you know, the greatest thing in the world relative to the financial markets and to what he dreamed. So to be able to list his company on the New York Stock Exchange was absolutely incredible. He got to ring that bell for a young Cuban-American that came at the age of 21 to join the US Army to participate in the Bay of Pigs invasion. And 20 years later, he's on the New York Stock Exchange. It was an absolute dream for him and a very emotional moment for him and for my family. Total patriotic, fantastic success story. How about the opportunity in this country? Does it still exist? I hear people saying, oh, it's over. I think that opportunities... They're not given, but the opportunity to succeed exists in this country better than anywhere else in the world. And I see it every single day with young men and women that dream, that build new businesses, that truly accomplish great things in this country. And it's alive and well. The American dream is alive and well. We keep talking about all the differences that we have in this country politically. But the reality is we have one thing in common and that's what we want a better future for our families and for our kids. Over and over again and I see it happen every single day in this country. Tingo. Totally right. Now, let's talk about the better future that you have given to shareholders and to co-workers. Okay? Number one clean energy, number one 5G wireless, number one NACGAS pipelines. This is America's infrastructure. Tell me how you got to be number one, what it means and what it can mean for the future. We started as a telecom contractor, basically digging ditches, putting fiber in the ground, putting cable in the ground, and then we expanded. We got into gas pipelines, we grew into distribution systems and transmission systems for the utilities. Today clean energy, we're in the midst of an energy transition in this country. Clean energy is going to play a huge part of it where the largest builders of wind and solar in the country were excited about that. But at the same time we have to have transition fuels. So natural gas is critically important. And building natural gas pipelines is important for our future and our economy. And you said earlier, right politicians? Got to figure this out. We got to get permitting laws in place so we can do this quicker so that we can actually transition our energy to new sources over time. And I want to ask you, when people talk about carbon capture, they don't realize it's got to go somewhere and be transported. That's you. 100% in its pipelines. The same as you build an oil pipeline or a gas pipeline. Carbon capture is going to be captured on pipelines and transported to deep wells across the country. And it's going to be ethanol facilities where they're taking the CO2 gas that's submitted. Put them in a pipeline, inject them in deep wells. And that's part of really the clean up of our technology and the clean up of our country and our energy. It's amazing. Now there's a lot of companies and stocks went up. Yeah, 8% in the last two days. Now it's that. I think the company where I know that there's going to be very big federal money behind it because of some laws that were passed. Some bills. How do you stand to do under the inflation reduction act? I mean, the truth is that our business is growing regardless of government spend right there. You think about telecom and 5G coming. You think about clean energy. But then you add in all the federal spend. So we've got $400 billion for clean energy out of the inflation reduction act. We got $60 billion in telecom funding to build fiber and to bring broadband to rural communities. It's almost it's almost windfalls right in the industry. It's the best time I've ever in the history of our company. It's the best time in our industry. It's the best time in the industry. We're not going to be in full that you are running the company for your employees. And of course, for the shareholders that I represent. And I think you're doing a phenomenal job. Thank you. We've got 35,000 team members across this country. When I think about the legacy that my father started, he came here with nothing. And today tens of thousands of families depend on us. And we're giving them a chance to succeed and build their American dream, and provide a better future for their families. And I know he'd be very proud. Okay, that's Jose Moss. He's the CEO of Moss there. Math money in Miami is fast after the rain. Cheers. Coming up, Kramer takes her calls and the sky is the limit. It's a best fire lightning round. Next. It is time. This time we're back to school. There's a light round of red command money coming to you from the U in Coral Gardens Florida. That's where taking the course of my part. You can send the name. I said, bye-bye, bye-bye. You're playing us. And then we... So Coral Whitey round over. Are you ready, Steve? That is jumping the lightning round at the U. Go ahead. Hey, Jim. My name's Nate. I'm from Orlando. You're pretty adamant that crypto is a big scam. It's all rigged. But as we saw with GameStop back a few years ago, that big firms have the power to shut down trading if they're losing money. Like Robinhood got shut down. How is that less rigged than crypto with what we saw with that video? It was totally rigged. It's okay. It was rigged. I called it out. In one of those movies I called it out. I don't like any touchin' that. I like great American stories. I don't like the hookup. Yes. Hey, Jim. My name is Kaylyn. I have shares in Netflix and at closing I was up 66%. What should I do? You need to hold on because I've got to tell you that that team is remarkable. It could go down a little bit, but that's a great one for the ride. We already went through hell with that. Now we get the game. You got the pain. You get the game. Stick with it. Yes. Hey, Jim. I'm a big fan. Thanks for coming to the U. My dad is too. He says, thanks for helping pay my tuition with all your advice. I want to ask you about the recent GE split and in particular, what do you make of GE health care? Give it to health care. Ge health care is doing much better than expected. You want to roll it? You know, they have such a big back. But no, not yet. They got a big backlog. I like the stock. I like the management. I say stay long. Yes. Hey, Jim. I'm Will from New Jersey. What do you think about draft kings? Do you think there's room to grow? Which one? Draft kings. Oh, my God. I talked to Jason Robins today. We'll get together again when I'm out of the Super Bowl game. I think that Jason's father is one of the greatest professors in school ever had. And I do think that his stock can come around. But it's got to be 52 states before we get there. Okay? Got to keep pushing. Yes. Hey, Jim. I'm Willissa from St. Pete, Florida. And I'm a current PhD student in bioengineering here. So I'm interested. Is it worth investing in medical devices this year, such as metronics? No, metronics, wait, that was nothing wrong with me. I hate to say that because it's not nice. But it's not about friends. It's about money. And when you stay away from that, I like GE Healthcare if you had to do it. And that, ladies and gentlemen, is the conclusion of the lightning round. Well, lightning round is sponsored by TD Ameritrade. Coming up, a little mad money 101 that young investors won't want to miss from the Miami Herbert Business School. Stick with Kramer. I know people over the country are watching, but today I want to specifically address the younger people in the audience. I know people over the country are watching. But today I want to specifically address the younger people in the audience, including here at the Fabius Miami Herbert Business School. I could say young at heart, but that's just really not applicable. Maybe young at wallet? I need to address something that I hear a lot about here today. And that speculation. I'm not going to be too faced. I actually like and promote speculation. I'm not going to be too faced. I actually like and promote speculation. But for younger investors only, because you've got your whole life ahead of you make back any potential losses and you will lose money. So I need you to speculate wisely. So here are the rules of the road. First, you can't speculate until you put away enough money and a safe reliable index fund that mirrors the SB500. I like to think 10 grand before you can start speculating. That way you can protect yourself. Even if your speculative holdings get wiped out, you'll still have a really nice chunk of chains left over. Second, if you're going to take a chance on something speculative, please don't do it with borrowed money. No margin. It's hard enough betting on risky stocks to begin with. Why turn into borrowing from a loan shark in a casino where the big crushes you wouldn't do that in fact never use margin by any stock? Third, you might not want to hear this, but if you're speculating you should stick with stocks. People today want to talk about investing in crypto. I say that's not investing. Crypto's not really an asset class either. It's an unregulated or often rigged business that doesn't protect your money. That goes double for the joke crypto currencies like Solon or Cardon or Polkadot or Chainlink or Buea. Okay, maybe not Buea. So, so, so. Don't even get me started on Dogecoin or Shiba Inu. Why do we have two of these things based on the same dog breed? They're not even that friendly. I got Marley and Raghu to rescue months. Hey, they would be good currencies. As Sam Beckman-Free proved, it's one giant con. And he did the con. Others have to now take up the mantle of this triple trillion dollar scam. Don't fall for it. There are tons of stocks you can't speculate it. Unlike crypto, they're backed by shares and actual businesses. Some like did bet on single-digit stocks. I hesitate to recommend that because few CEOs want their stocks to get down to single digits. Do you think the fine people who run bedbeth me on? And I mean that, of course, sincerely. Went their stock at three bucks? It's up 18% in the last two days. And the company's about to file for bankruptcy, which will most likely wipe out that stock. So what works then? I like any biotech that's doing personalization. I first started recommending Moderna when it was suspected of $18 stock. And CEO told me they can use mRNA technology to make a vaccine for anything. This was two years ago, at the J-Bimwellian Health Care Conference. Sure enough, he did it. Moderna came up with the COVID vaccine practically overnight. Next thing you know, the stock went to $497. Topped out there August 2021. By the way, if you get a huge win like this, please ring the register on some of the portfolio. So you're playing with the house's money. That's always your old man goal. That house is money. Now, I do think I like stocks that are involved in artificial intelligence. You may have tried chat, GPT. I use it to interview Gandhi. I'm not kidding. I interview Gandhi and chat to him is a dynamite guy. Last night, Mark Zuckerberg said, AI is the future. I think he's right. We know the best way to play out. I have conservativeism within video. There are chips parallel to stuff. But that's far from speculative. It's a known story. Find a new one. Finally, let me give you one that we like for our investment club. And you all know it. And that's Ford. Ford Motor Corps. 14 bucks. Just reported. Tonight. Not great. Large unit shortfall. Couldn't get the parts. That's bad. But the future is much brighter. You can speculate that CEO Jim Folly will turn it around. 14 smackers. I think I can take the pain. Can you? I 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 Kramer. Sign it off from beautiful magnetic. Thank you for having me. And I will see you tomorrow. I will see you tomorrow. Bye.