Mad Money w/ Jim Cramer 5/5/26

What made you confident that you could do something that hadn't been done before? I have no fear of failure. Trailblazing women changing the game. One of my favorite pieces of advice, think about what your boss's boss needs. Leadership can look in many, many different forms. It really does come down to just trusting yourself. Life is short and you just got to think big to accomplish big things. Julia Borsten hosts CNBC Changemakers and Power Players. New episodes every Tuesday, wherever you get your podcasts. 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 Kramerica. I'm just trying to make a couple of bucks here. My job is not just to entertain, but to put this in context. So call me at 1-800-743-CBC. Tweet me at Jim Cramer. Something seismic happened this early season, and the market is still trying to come to terms with it. We've seen an explosion of profits from all sorts of companies that are connected to the data center, the AI revolution, including companies that we typically associate with the so-called real economy. You can't always tell the gains from the sector because it's, well, by looking at the averages, they don't tell you that. Today was pretty good. Dow gaining 356 points. S&P climbing 0.81 percent. NASDAQ jumping 1.03 percent. But this is an incredible shift. It's an incredible moment for the data center place. And pretty much nothing else. Almost everything else is kind of blah. Except on days, of course, when Iran blows something up and oil goes higher. Thank heavens that didn't happen today. The stunning gains we're seeing in stocks like AMD after tonight's close. Those beautiful Intel, Sandisk, Micron, Coherent, G.E. Vinova and many others are driven by a coalescence of three themes. And tonight I want to go through them and then give you the best examples of what getting what's going to go higher with this fire hose of money coming out. So you better get ready and write them down. First, why is so much money being funneled into anything connected to computing and the data center? I found out why yesterday when talking to Andy Jassy, the CEO of Amazon in Seattle. Sometimes you got to do a little traveling. Data centers are about to give the believers extraordinary returns. I mean, unbelievable returns. The money's worth it. We just can't tell it yet because right now there are only two publicly traded winners, Amazon and Alphabet. After talking to Andy, I now believe that both Amazon and Alphabet have ensured years and years of colossal profits. because they're spending tens of billions now to make hundreds of billions later. But it's hard to see that because the other publicly traded companies in the data center race, Microsoft and Meta, seem at this point to be, well, losers, or at least their stocks. The only score that I know, of course, say so. Microsoft appears stuck with old software that has fallen out of favor with the market, and Meta doesn't have a cloud business to help offset the losses from the myriad AI initiatives away from Facebook, Instagram, and WhatsApp. Really smart raiment. I love them. I love them. Don't get me wrong. Aren't going to bring the profit a cloud business would for the quizzical meta. Even if sales from traditional businesses were spectacular this quarter. Nobody cared. Second reason. A lot of this data center investment is hidden because it's coming from two companies that aren't public yet, Anthropic and OpenAI. They're growing so fast. No one's ever seen anything like this. And they're so obviously in need of data center equipment that their demand can transform from Amazon Web Services or Google Cloud or Microsoft Azure into some of the biggest businesses on Earth. Problem is, Amazon Web Services, Google Cloud, Microsoft Azure are already subsidiaries of literally the largest companies on Earth. If they were independent, their stocks would never quit. That said, Anthropic and OpenAI remain amazing clients. They can't seem to spend enough, and boy, they have it. They have hundreds of billions of dollars, and that reverberates throughout the data center network. Just this very evening, we heard stories about how Anthlopic might be buying $200 billion in chips and cloud storage from Alphabet, sending that stock soaring after the bell. That's precisely what I mean when I say it's architectonic, it's seismic. It's incredible. Third reason. Until this quarter, we didn't realize that there was a coherent narrative developing here. I thought it was going to be the fourth industrial revolution, something that was propagated by NVIDIA, which, after pioneering this move, feels like its stock is being left behind. Even after that seems like a preposterous assertion. The narrative, though, is the elevation of artificial intelligence, computing and all of its accoutrements as the most important transcendent force in the American economy today. It's now too big and growing too fast to think that it's just a sector. It's an economy within itself. So you have a well-financed revolution. It's already making money for the leaders. It's making money. And now those gains are spreading through almost the entire economy. It's the rip-all. I'm going to walk you through the wide range of winners so you know what the heck I'm talking about. We know the whole compute complex needs power, right? That's why you have stocks like a market electric power, a SEMPRA. These are a Vista, Constellation. They are with they're going higher, even as interest rates are going up. Normally, that interest rate is going higher is a bad thing for utilities. The linkage is broken because of the demand for power from the data centers. You have G. Venovo, which spent years under G as a struggling builder of turbines, suddenly on its own. And what is it doing? It's printing money. It's how you have a natural gas company like EQT Rory, because you need that gas to burn. Then there's the red hot bloom energy with its noncombustible energy generation. stock is a rocket chip. You need the chips, too. That means NVIDIA, of course, which started it all, remains the largest company on Earth. But there's also competitor AMD. Again, fantastic job tonight. Lisa Subley on tomorrow morning to walk the street. There's memory and data storage with the now familiar SanDisk, you know, the one that was up 4,000% in a year, as well as Seagate, Western Digital, and Micron. For SIM Inductive Manufacturing, what do we have? We have ASML, we have Applied Materials, Land Research, and KLA. We got chips from Google and Amazon that are first rate. And then there are the new agents that do things that are powered by CPUs from AMD, Arm Holdings, Intel. Hence why the latter stock can't seem to stop it. All these CPUs, they didn't seem to be worth anything. They're gold. None of them saw this new compute economy coming except for NVIDIA. So all are short on product. They don't have enough. Everything I just mentioned, there's not enough supply. We don't have enough compute. We don't have enough components that would let us make more. It's a gigantic shortage. Then there's the infrastructure. That's all about Dell, which makes the servers, the AI factory, if you will. Inverter for cooling, Corning for the connecting fiber, as well as Arista, Sienna, Cisco for the networking equipment. There's Lumentum and Coherent, Advanced Fiber Optics, Eaton for the electricity. You need, by the way, that got hit. That was ridiculous. Just go buy that one. I'm not kidding. We own it for the trust. It got hit ridiculously. We bought some today. You need backup power. That's Caterpillar and Cummins. And Generic. As for the actual builders, CoreWeave, Oracle, they're the ones putting them up, as well as some private equity firms, Bookfield, Blue Owl, Blackstone, among many others. Nucor makes the steel. Quad, the hooks up, everything up to whatever source the builder needs. Sterling Infrastructure does a lot of the building, too. And the roads do it. It reported a tremendous quarter last night. How tremendous? It jumped 276 points or 52% today. How's that versus your index fund? What else? You need to have cloud infrastructure to run the models. Think Google Cloud, Microsoft's Azure, Amazon Web Services. You also got that stuff that Meta is up to. I mean, that Meta is up to. Microsoft is Azure. Finally, sitting on top, there's the interface that started it all. Chat GPT from OpenAI, along with Claude from MathRobin, Gemini from Google, and several others. Here's what you need to know about this compute-led AI economy. It's so much broader than anyone ever seems to believe, especially even just two years ago. Apple uses Gemini for its AI, so that's a gigantic number. They have 160 million people in America that have Apple phones. Maybe they're going to be on Gemini all the time. Almost every retailer is in the cloud, but 80% of the businesses haven't yet gone to the cloud. That's going to change with component costs like memory rising so much, it's too expensive to keep your data at home on premise. The list of what lives in this segment is endless, and it's all part of the fourth industrial revolution, the compute economy. that's changed the face of a country that was three-quarters consumer and one-quarter industrial and agriculture until now. I'm going to say something bold. I can't see anymore. I wouldn't be surprised if AI is big enough to eventually become a quarter of our huge economy, taking a chunk out of industrial and consumer. No one's thinking like what I just said. No one. Three years from now, it's possible that my one-quarter estimate will look like a lowball number. Other than Jensen Wang from NVIDIA, I don't know a soul who saw this thing coming years ago, which is why we have so little equipment built out and there's such a shortage of everything I just mentioned. That's why these stocks are going up by leaps and bounds, regardless of the war, the price of war, the composition of Congress. Here's the bottom line. AI is inexorable. It's fierce and it's making believers fortunes. Those who don't see it and are stuck in enterprise software or sitting out tech entirely are missing enormous gains. It ain't done. Those with S&P index funds get a small diluted piece of the action. Those who pick the right stocks should get it all because I just gave you the buy list for 2026 and beyond. Kyle in Pennsylvania. Kyle. Hey, Mr. Kramer. Kyle, what's up? Go Sixers, go Birds, and go Flyers. My question is about Oracle. But their stock's still down more than 40% from all-time highs. Do you see it getting back to their all-time high level? I think that that last quarter was very good. And people in betting against Oracle, I think that's a bummer bet. I think that you should go with Oracle. I wish they'd get rid of Cerner to take the darn charge. Let's go to Frank in New York, please. Frank! Hi, this is Frank Serenelli from Syracuse, New York. Of course. I got this crack of Celestica years ago when it was like $5 and that's $4.25. what do you suggest I do? Which stock is it? I'm sorry? Celestica? What do I suggest you do? Okay, I want to tell you, if you haven't that long, I want you to take your cost basis out tomorrow, and then you're in the enviable position of being able to let the rest run, because you're going to be playing with that. You'll be playing with that. House is money, and there's nothing like playing with that. House is money, which every one of those stocks that I just mentioned, a lot of house money involved there, too. Look, AI's making believers for it. It just is. We could all deny it or say it can't last or that people have been to a casino attached to whatever. I don't care. This is a game of skill not of chance And I just give you the buy list which is of skill not of chance for 2026 Everybody tonight Rockwell Automation on my another winner at the data center Soaring after earnings one of the best performers of the day I'm getting more color in the quarter straight from the CEO. And how are the casino stocks holding up amid all this global turmoil? I'm checking in on a smaller guy, see whether the stock can spread its wings and fly. And life science device company Waters just reported a quarter of proving the Wall Street skeptics. We're on biggest gainer in the SB today. I'm going to get the latest with the company's top brass. I want you to stay with the data center and stay with Kramer. Don't miss a second of Mad Money. Follow at Jim Kramer on X. Have a question? Tweet Kramer. Hashtag Mad Mentions. Send Jim an email to madmoneyatcnbc.com or give us a call at 1-800-743-CNBC. Miss something? Head to madmoney.cnbc.com. What made you confident that you could do something that hadn't been done before? I have no fear of failure. Trailblazing women changing the game. One of my favorite pieces of advice, think about what your boss's boss needs. Leadership can look in many, many different forms. It really does come down to just trusting yourself. life is short and you just got to think big to accomplish big things. Julia Borsten hosts CNBC Changemakers and Power Players. New episodes every Tuesday, wherever you get your podcasts. All right. How about this incredible run in Rockwell Automation, a company that dominates the U.S. market for what are called programmable logic controllers, basically industrial computers that are the brains of manufacturing operations. This morning, Rockwell Automation reported a terrific quarter. Their e-commerce and warehouse automation sales were up roughly 30 percent. Their data center business more than double. Stock then jumped nearly 9 percent today, of course, in response to that. It's now up more than 71 percent over the past 12 months. So can it keep running? Let's check in with Break Moret. He's the chairman and CEO of Rockwell Automation. To find out, this is Moret. Welcome back to Mad Money. Jim, it's good to be here. I'll tell you something, Blake. When I look at this, this mosaic of what you've done, it's kind of what we hoped America would be doing when we spoke at the beginning, which was it looks like a combination of reshoring, compute, the return of compute, the idea that we can make things here. This all came together this quarter. It did. We we had a great result. our offering across a broad swath of American manufacturing, but really around the world, to demonstrate the impact of the technology with an engaged workforce. And as you said, it was e-commerce, warehouse automation, data center, semiconductor, energy markets. We had you know, good growth in automotive and consumer packaged goods. So it really was broad based in the quarter. But we saw you at your convention last time and you said that people seem to be very interested. Did it turn into some serious orders? And are those orders being done right now? We're seeing double digit growth in orders to increase capacity in the U.S. We're definitely seeing the optimism around the focus on American manufacturing. We're thrilled to see more people recognizing the role that manufacturing plays at the real core of the economy. Now, do you think the one big, beautiful bill helped with accelerated depreciation? Well, I think the bill and tax certainty, having a stable statutory rate, some of the benefits like bonus depreciation, particularly for small and medium-sized manufacturers. I think those do help. You know, I think a lot of people on Wall Street did not think that those things matter because they don't work in real companies. Real companies, that changed the mind of a lot of people in terms of expanding, didn't it? You know, as I said, it's the combination of an engaged workforce with the technology. And that technology certainly includes artificial intelligence, but it's also the traditional sources of value in factories. As you said, the programmable controllers, the power control, all of those things matter. They matter in data centers. They matter when you're assembling vehicles. They matter when you're moving energy. How is it possible that software and control could have 17% organic? I did not think that as possible. So, you know, at the heart of that business is the Logic's programmable controllers, and we saw growth of over 20 percent in that business. It's in traditional industries for us, like food and beverage and automotive assembly, but it's also in new areas like data center, as people are using those controls to manage the environments in these data centers. A lot of people have been, I guess, taken by surprise at all the construction and data centers and demand for memory. And I wanted to know whether you find that people were like, holy cow, I got to put some money in this because it's a great opportunity. Or is it meeting? Are those people meeting the demand of customers? Because it's extraordinary. We were at Amazon. Extraordinarily powerful wave of demand. It is. And our participation in data center construction is in a few areas. So the power distribution is something that we participate in. As I mentioned, the building management, being able to control the temperature, the cleanliness of the air, the safety systems. We're seeing some of that demand indirectly through that HVAC supplier. So when you put a new chiller in, it typically is going to have a lot of our equipment as well. Yeah, I think people don't understand that just because it has a name of a vertib, there's a lot of companies that are involved. It's not just vertib the whole way. Now, e-commerce warehouse automation, is that when a company just gets all the boxes and they're trying to figure out how to do it and they don't want humans to do it because it's a dull, dirty, dangerous job? Well, there's different aspects to that vertical end market for us. So there is some of our data center participation that's reflected in our great growth in e-commerce and warehouse automation. There's also the parcel handling companies. There's e-commerce and the fulfillment centers. And then there's the whole business that we've called production logistics of being able to bring material to the line in a consumer products company and take the finished goods away either to the loading dock or the warehouse. So there's different facets of that business. And all of those areas are investing heavily. Well, I want to congratulate you. There are a lot of companies that were in your business, say, 15, 20 years ago, and they gave up because they thought it'll never happen. It'll never be a renaissance. How did you know to stay in, stick to your knitting and not go do some crazy thing that wouldn't make any money for shareholders? Well, you know, we focus on the production space. I've been in that business my entire career. We have a lot of people in the company who only know this business. And by adding the new technologies, artificial intelligence at the head of the line to the traditional sources of value and the domain expertise that we have loads of, we found that we've been able to provide significant value to these customers who recognize that if they're going to make it in America, they need to combine that technology with an engaged workforce. And so we're in a great spot. I, you know, there's not another company that has as much technology in American manufacturing as Rockwell. And I got to tell you, I think we're like in the second or third inning and no more than that. Blake Perez, chairman, CEO of Rockwell Automation. They know how to do this. Blake, thanks for coming on the show. Thanks, Jim. Bad money's back. Coming up, you called in about one of the few casino stocks that has been beating the house this year. Kramer's breaking down why Monarch Casino has been an ace. Next. What made you confident that you could do something that hadn't been done before? I have no fear of failure. Trailblazing women changing the game. One of my favorite pieces of advice, think about what your boss's boss needs. Leadership can look in many, many different forms. It really does come down to just trusting yourself. Life is short, and you just got to think big to accomplish big things. Julia Boorstin hosts CNBC Changemakers and Power Players. New episodes every Tuesday, wherever you get your podcasts. Last Wednesday, I got a call from Todd in California, who stumped me by asking about Monarch Casino and Resort, which is a $2 billion company with just two locations, one arena in Nevada and another one outside of Denver. I told him I'd circle back after doing some homework because I didn't know this one, and you viewers deserve a considered deep dive. Turns out in the past 12 months, Monarch Casino and Resorts has rallied nearly 50%, trouncing both the S&P 500 and its larger rivals in the casino space. In fact, the stock's up almost 25% year to date. Even a skyrocketing gasoline prices have put immense pressure on the likes of Las Vegas Sands and Wynn Resorts. It got me wondering why this stock seems to be running circles around the larger operators. So let's talk Monarch. These guys started as the Atlantis Casino Resort Spa in Reno, one of the nicer places to stay in Nevada's second-best town for gambling. Over a decade ago, they bought their second property in Blackhawk, Colorado, the Monarch Blackhawk, which is about 40 miles west of Denver. Together, these two properties have combined to make a pretty nice business for Monarch, a stock that keeps it in new all-time highs. And look, this thing deserves its incredible rally. Monarch reported to the TrifficCore a little over two weeks ago. Monarch's got a clean balance sheet with basically zero long-term debt, regular capital investment at both properties, take market share from their competitors, and steady cash return for shareholders. In the first quarter, the company spent nearly $18 million on buybacks, a little less than 1% of the current market cap. That's on top of $72 million with the buybacks last year. Now, look, it may not sound that much, but it's a $2 billion company. How about the stock itself? Well, Monarch sells for roughly 18 times this year's earnings estimates, and given its growth rate, I think that's a fair price. This is clearly a good one, although I'm wary of getting too bullish on a consumer discretionary name right now with the price of gasoline going ever higher. Still, we need to understand this story and how come Monarch keeps outperforming the heavy hitters in this space. Most of these stocks have been hammered since the war with Iran started okay Because oil spike People are very worried about the state of the consumer now You know that I think the real problem with the big international casinos though is not the state of consumer here It the state of consumer overseas For example the largest casino company Las Vegas Sands, is now exclusively a non-U.S. company. It's got properties in Macau and Singapore. Nowhere else. And the Iran-induced oil and gas shock is hitting East Asia much harder than it is us. Wynn Resort still gets the majority of attorneys from America, but nearly half of the business comes from Macau, which is their number one growth property. They're also building a casino in the UAE near Dubai. And we know that's a problematic place for a tourist destination. In retrospect, it is also an ill-advised choice because, well, we all know what happened. Compared to those two, MGM Resorts has been a much better performer, up almost 4% year to date, in large part because it gets 55% of its business from Vegas, another 22% from regional casinos spread across the country. Only 23% of the business comes from Macau. Say what you will about America. We got our own natural gas supply, which is why our economy is more or less insulated from the economic collateral damage of the world, though there's no denying higher gasoline prices hurt. At the same time, if you own a small regional casino company like Monarch, which has two locations to focus on, it's a much easier story to follow. And unlike when you don't have to worry about things like corruption, crackdowns, or property value crises in China, or war in the Middle East delaying your casino near Dubai. So here's the bottom line. Todd in California brought us a good one with Monarch Casino and Resort. It's a nice, clean story in the regional casino space. And you can do far worse than owning a focused operator that's steadily growing its market share and putting up consistent growth. That said, the stock's already had a big move. So if you want a piece of it, here's what I recommend. Wait for a pullback before you pull the trigger. If the world comes down a bit in China and the Middle East, going back to being attractive again, then the big international casino place might go back to being better investments. For now, though, it's just much easier to own a stock like Monarch than it is to bet on those other major players, isn't it? Let's go to Will in Colorado. Will! Jim, good speaking with you again, man. Club member. Loving it. Oh, thank you, Will. Thank you for being a club member. What's up? I appreciate it. Well, with all the competition and streaming, you know, like Disney is Netflix a bye-bye-bye. Well, okay, it's not a bye-bye-bye because we're still, it's a quizzical moment for Netflix because they went and they did that ill-fated attempt to be able to get Warner Brothers Discovery, and because of that, people feel that they must need that property. We have to wait one more quarter, and then I think people realize, no, they just did it. It would have been a good idea. Let's move on. Let's go to Rory in Connecticut. Rory. Hi. Booyah, Jim. Booyah, Rory. What's going on? It's Laurie. Laurie, I'm sorry. I'm sorry. That's okay. Like Laurie Cox from Disney. Hey, nice quarter. Okay, go ahead. Thanks for taking my call and all your hard work. This stock year-to-date return is negative 21%. Due to the Middle East conflict, do you think booking holdings is a buy at this time? I don't think this war. I know this war is supposed to be a short war. I mean, short war so far, you know, I don't know how you can really gauge a short war because like war is inherently ungageable, engageable, engageable. So I know booking, I think booking in the casino, I mean, booking and the hotels and the certainly the cruise ships. We're just not going to stick our necks up. It's just not worth it. Not when we got the data center. I think this monarch's a nice, clean, domestic story, but I'd still wait for a pullback. It's much easier to own it compared to some of the big casino plays because they have so much international. And that's what Lori, when she talks about booking holidays, no thank you. Now, much more man behind the head, including my exclusive with today's best S&P performer, Waters Corp. Then I'm here to educate and teach. That's why tonight I'm checking in with someone who's been essential to helping young people manage their money on social media for ages. Don't miss my sit-down with Mrs. Dow Jones herself, Haley Sachs. And all your calls rapid fire tonight's edition of The Lightning Round. So stay with Kramer. Can you believe these incredible numbers from Waters Corporation? This is the arms dealer to the life science industry who recently acquired Becton Dickinson's biosciences and diagnostic business, a deal that Wall Street initially created with immense skepticism. And candidly, except for me. But now we got the first quarter from the company and the numbers were just excellent. That's why the stock shot 13.5 percent today. They get the best performer in the S&P 500. So let's dig in with Dr. Udib Batra. He's the president and CEO of Waters Corp. To learn more, Dr. Batra, congratulations on the quarter. Welcome back to Mad Money. Jim, thanks for having us. Wonderful to be with you. Now, I've got to tell you, when the deal was announced, your stock got hit. And I recognize how good these properties were, but I had no idea that you could get this much out of them. Why don't you tell people about what you were looking for and what you got? Because it really says to the naysayers, you don't know what you're doing with this company. Jim, again, thank you for having us. Look, we are Waters is a downstream, high volume regulated player. I mean, think quality control of medicines. The last time we spoke, we spoke at length about it, right? So purity of medicines. We basically developed instruments, software, reagents to ensure the safety of these medicines and more and more complex biologics. We've taken leading brands in these segments and introduced game changing products. And that has led to the growth and margin expansion that you've seen. With Dekton Dickinson's businesses, we saw exactly the same type of end markets with regulated high volume settings. Think microbiology. Right. So every year, 1.7 million people get sepsis in the U.S. alone. Roughly 300,000 of these people die. And the BD brands are a leading player in the microbiology business. So it looks exactly like the waters business, feels exactly the same, and tremendous synergies on the biologics, testing, and reagent side. So very excited about it and very happy with the progress we've made so far. Well, I also should point out, obviously, Old Waters did amazingly well. And you are doing well. I want to just bring this out. High-volume life science applications. There are a half-dozen companies that I watch in this industry. Do you know that almost every one of them is missing their numbers, missing their numbers, missing their numbers? And by the way, acting as if it's not their fault. You obviously were not willing to take that. That's never been your approach to say, ah, what could I do? That's not you at all. So, Jim, look, it again goes down to the choices we've made, right? We're downstream. We're in these regulated applications. Our software is used to submit data for 80% of innovative pharmaceuticals to regulators around the globe. So we enjoy this privileged place in the pharma industry. Our pharma end market this quarter grew 14%, right? And this was broad-based growth, growth in the U.S. and Europe, led by the large pharma industry, who are replacing their old instruments with our innovative products. India grew in the mid-teens with the genetics basically driving that growth. And China grew over 50 percent in the pharmaceutical segment. So we're very happy with what we're seeing on the base business. And I'm incredibly proud of my colleagues who work day and night to make this happen. I just get to represent them. All right. Now, tell them I feel that way because, boy, am I ever sick of the people who keep doing these alibis. analytical sciences division. Fabulous growth. Lots of good nameplates there. But you say 14 percent pharma growth driven by instrument replacement cycle, new product innovations, bioseparation, idiosyncratic growth drivers with ramping GLP-1 manufacturing volume. So you're talking about some marquee clients there. Yes. I mean, we are the largest supplier of separation columns. I mean, here's one of them. These basically are used to separate out different types of molecules, different types of peptides. For both of the large GLP-1 manufacturers, our columns are used in quality control. So as the volume goes up, for injectables, for orals, for as these things get analysized, they use these columns. And that drives the growth of our GLP-1 segment of the business. We're also a leader in BFAS testing, assuring the safety of the food that we eat, the water that we drink. Right. So we are in, again, these high volume settings with innovative products. And when you when you stay with pharma, I mean, look, they're spending again to expand in the U.S. as well. Right. The reshoring of a lot of the pharma manufacturing facilities will also be a tailwind to our business, because when you manufacture, you use more columns, you use more instruments. Now, do you think that there's a time and I'm looking at the advanced diagnostic division where we just have to say, you know, China, we can't be all in China. It's not going to come back. Or is it just worth it to hang in? I think, look, Jim, like every market, innovation is rewarded. So, again, let's stay with pharma for a minute. The genetic segment of pharma in China has been declining for many years due to price restrictions. This has been happening for a while. But the innovative segment, they basically are the leading biotech industry right now globally. Roughly one third of the molecules that are in licensed by large pharma today come from China. This then leads to the growth of the contract manufacturers and they're trying to build their own version of a Pfizer or an AstraZeneca or a Roche. And they're doing the end to end drug discovery and development. And that's why that business grew 50 percent. So you have to find pockets of innovation, pockets of growth. And the same thing we see in the microbiology segment, same thing we see in our diagnostic segment. Yes, there are pieces that are under pressure, but innovation is rewarded no matter where you are. And China is no different. All right. Fair enough. Well, you've got the optimistic attitude that I like so much. That's Udit Batri, the president and CEO of Waters Corporation, best performing stock in the S&P today. Deserving. Thank you, sir. Thank you, Jim. Mad Bunny's back after the break. Coming up, you've got questions. Kramer's got the answers. Get charged up for a fast-fire lightning round next. It is time. It's time for the lightning round. That's where we're back. Go to the road. Just say, my stock. Go to the right. Bye-bye. Bye-bye. Social sales. It's going to record. It's time to stay up. So, we're glad we plan this out. And then the lightning round is over. Are you ready? Let's start with Charles in North Carolina. Charles. Yeah, booyah, Jim. My stock is Scott Miracle You know it too risky I will use their natural and organic this year My problem is that if the weather no good they do bad, and my tomatoes rot. Let's go to Tim and Masters. It's Tim. Hey, Jim. Thanks for taking my call. Of course. Jim, Santander Bank just had a record-breaking quarter. I'm wondering if you're still bullish on the bank and if you like the acquisition with Webster Bank. Not only do I like the acquisition, but I thought it was so good that I actually wrote the CEO, the chairman, Anna Boutin, saying that is some franchise because I owned it when I was a hedge fund manager 20 years ago by Banco Santander. Let's go to Rick in New York. Rick. Hey, Jim. Thanks for taking my call. Of course. My question is about USA Rare Earth. No, the only one we're recommending in that area is MP Materials. Let's go to Rob in Massachusetts. is Rob. Boston Sports. Booyah, Jim. Booyah. I've been watching this stock for like five years now. It's down about 75 percent. It yields around 10 percent. I think it's best of three. If they cut that dividend, is that time for me to pull the trigger in Alexandria Real Estate? No, as a matter of fact, both Don Wood, Don Wood last night said it. He was so glad that he didn't get into this life science world. I know that Debra Caparo didn't either. They know more than I do, I say. Now let's go to Dante in Texas. Dante. Professor Kramer, booyah. Thank you for taking my call. My pleasure. What's up? The stuff I'm calling about has a massive LNG project under construction in the port of Brownsville, Texas. I've been following it for a while through its surges and coolbacks, but now I'm at a crossroad. Is now the time to buy more, sell and lock in profits, for hold for the coming years. The company is Next Decade NEXT. Okay, I think you can go higher because of the need for more LNG. I think it's an okay idea, not great. I happen to like others better. But you know what? It's fine. It's a nice spec. Let's go to Michael in Florida. Michael. Hey, Jim. My stock is, I guess, now a data center stock. Share price exploded in the last two weeks. So do you think it's a buy? And if so, what is a good entry point? The stock is Max Linear. Max Linear has probably gone more powerbolic than any other stock in the market. So therefore, I have to say you've got to wait for that thing to come down. It's painful, painful for me to tell you to get in here. And I'm watching AMD powerbolic. And I'm just saying, how many can go parabola? Let's go to Susan in North Carolina. Susan. Hi, it's Suzanne. That's OK. Mike Suzanne's summer. I gotcha. I inherited a lot of stocks, but one is Altria Group. Okay, Altria is, you know, that's Marlboro, man. I don't recommend the tobacco stocks. And we'll tell you since you have it already. It has gone parabolic, too. And I think you should ring the register on half the position. Let's go to George in Florida. George. Booyah, Jim. Booyah. Booyah. This stock of mine has had a phenomenal run the last few weeks. And I just wanted to get your thoughts on how much runway you think it's got left. The stock is MozTech. MozTech. We had Mr. Moz when we did the University of Miami show, which was so terrific. And I would tell you this. It is another company that I would have included at the top because it's such a great one for the data center. And that, ladies and gentlemen, is the conclusion of the Lightning Round. The Lightning Round is sponsored by Charles Schwab. Coming up, she's helped young people learn how to better manage their money online. And now, Mrs. Dow Jones is joining Kramer to teach you some more. Next. I've always been a big believer in trying to spread the word about managing your own money. It's something we don't really teach systematically in this country. That's why I'm a big fan of anyone who can help spread the message, especially younger people, because I'm a baby boomer with adult children. So I'm losing my touch with that demo. Hey, the sound effects only go so far. Which brings me to Haley Sachs, better known online as Mrs. Dow Jones. She is the most successful financial influencer out there. She's basically turned financial literacy into a brand with 1.3 million followers on Instagram, a newsletter with over 100,000 meters, a Sony-backed podcast called Financial Tea, and a new book, Future Rich Person, which could be you, coming out next week. So let's dig deeper with Haley Sachs, better known as Mrs. Dow Jones. Haley, I am so thrilled to have you on Mad Money. I can't believe I'm here. I told you I listen every morning. Oh, thank you. First, I want to say this is an incredibly important book. It's important because there are too many people who are in denial. Too many people are sad sack, so to speak, because I know sack. I learned to work that in and too many people who get rich. They just stop complaining and spending. That's 100 percent that we got so in our own way, but we also need the rules. Now, I will tell you that there are things here that I learned and I learned big and I did not know. So first of all, let's do it to generate action money, because this is something that I got to get into my kids' heads. Yes. So basically, action money is the money left over from your income after you subtract your expenses and your wants to a certain extent. And so you need to have that money left over, Jim, to actually use to build wealth. And depending on where you're at in your financial journey, that goal could be using it to save your emergency fund. It could be to pay off high interest rate debt. Or if you really want to become a future rich person, you can use it to start investing. Well, I think, I mean, just point blank. You're right there. Why invest Amo in the stock market? Historically, it wins. And I'm so glad you put that. You could have spent page after page doing it, but there it is. And one of the things I just adore about your book is it's hard. It's like, not hard to read, but it's like, this is the way it's going to be. And I love that you even say that. I'm right. But the fact is, you are. The things that are in here are right. Now, I learned so much. How about this? If you buy now, pay later, which I have praised on the show. You'll praise that, too. Well, because I, well, I learned the APRs are pretty darn big. Oh, my gosh. They're bigger than credit card companies. And they affect your credit score. And it creates this crazy cycle of spending where you start to think that it's good to take out debt for, like, clothing items and burritos. It's not a good look. No, absolutely not. Need for an emergency fund. I love that. People don't have it. No, and I think especially for, I mean, I call it in the book a freedom fund. And I talk about this girl who lost her job, didn't have her freedom fund, and then put her apartment on Airbnb to try and make up her rent. And ended up, they gave her bed bugs, which is horrible. But then she got herself, Jim, into such a deep financial pickle because she got evicted from the apartment. She had to pay for that to be fixed. And then she she was so much further behind than if she had just had the emergency fund in the first place, because anything that can go wrong will go wrong. You have to protect yourself. I mean, that person was astounding in terms of like just being not real over overhead. I mean, a lot of the people and I love the different anecdotes because I'm sure that if you're over your head, you feel like, OK, that happened to me. But I can get out of it, which is why it's a great book of hope. It's not just about getting rich. It's about hope. Yes. Now, I learned another thing here. I had always say in my books, IRA, IRA, health savings seems like a better idea. Yes. Jim, you didn't know this? Well, I mean, look, I'm in a certain bracket where it was not necessarily good for me, but at a time, there was a time when I should have gone this way. 100%. If you have a high deductible health care plan, you need to be maxing out that health savings account that comes with it and putting it in the market. And that is a triple tax advantage account. So you put in tax free money. It grows tax free. And then you get to take it out in retirement to use on medical expenses tax free. And the average American has over three hundred thousand dollars in medical expenses in retirement. And you said that that's the fastest way for bankruptcy. It's the most people get bankrupt from that. A hundred percent. And then I just want to point out something that you do that I think is great. There is absolutely nothing wrong with trying to be rich or being rich. Yes, there is. You say in the book several times is kind of subtle. I can't do it. Then it translates into I'm never going to do it. Yeah. And you you debunked that. That is like a big reason that I wrote this book, because I see it so much in my generation and Gen Z, too, where we have I coined the phrase in the book, something called the learned financial helplessness. And it's when you just think, yeah, the cards are so stacked against you, you know, AI and housing costs and student debt. And we're on a floating rock and the world is burning. And like, so I might as well just buy the shoes, go on the vacation, use the buy now, pay later and spend money instead of actually use it to grow well. And try to pay for your dinner and the cards maxed out. There's nothing they can do. But you're kind enough to lean over and say, you've got that. Yeah, I got it. You've got to take. And that's another thing. Money etiquette. You've got to be generous. Absolutely. And I didn't even get to side hustle. There's so much I didn't get. Every page, every page is filled with ideas. And I got to tell you, I've written some books, but I didn't know a lot of this stuff. I want to thank Haley Sachs, also known as Mrs. Dow Jones and the author of Future Rich Person, which could be you. But you've got to get on the case. As you said, well, you've got to start. You've got to start. And this will teach you exactly where to start and give you the exact steps that you need to become a future rich person. Well, I want to thank you. You know, I always like to say there's a bull market somewhere. and I promise I'll find it just for you right here, everybody. I'm Jim Cramer. See you tomorrow. 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 forward slash Mad Money Disclaimer. What made you confident that you could do something that hadn't been done before? I have no fear of failure. Trailblazing women changing the game. One of my favorite pieces of advice, think about what your boss's boss needs. Leadership can look in many, many different forms. It really does come down to just trusting yourself. Life is short and You just got to think big to accomplish big things. Julia Boorstin hosts CNBC Changemakers and Power Players. New episodes every Tuesday, wherever you get your podcasts.