The only group that bull market buyers aren't buying right now is tech, says Jim Cramer

>>> 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 CRAMER

WELCOME TO "MAD MONEY.

WELCOME TO CRAMERICA

OTHER PEOPLE WANT TO MAKE

FRIENDS.

I'M JUST TRYING TO MAKE YOU A

LITTLE MONEY

MY JOB IS NOT JUST TO ENTERTAIN

BUT EDUCATE, TEACH PUT IN

CONTEXT.

CALL ME 1-800-743-CNBC

TWEET ME @JIMCRAMER.

IN BULL MARKETS PEOPLE FIND

REASONS TO BUY EVERYTHING.

>> BUY BUY BUY

>> EVEN IF THEY'RE FOR THE WRONG

OR AT LEAST ANT THETICAL

REASONS.

THAT'S HOW YOU GET THE S&P AND

NASDAQ UP TO 1.22% AND 1.5%

RESPECT VLY CLOSING AT 52-WEEK

HIGHS AND THE DOW SURGING 429

POINTS NOT FAR BEHIND THEM

TODAY'S SESSION ILLUSTRATES WE

STILL HAVE A NORMAL

RUN-OF-THE-MILL GARDEN VARIETY

BULL MARKET GOING DESPITE TOUGH

TALK FROM THE FED.

IT'S CLEARLY NOT DONE RAISING

RATES.

THEY JUST CAN'T STOP THE THING

THE BULLISH SETUP.

LET ME EXPLAIN

FIRST WE HAVE AN IMPORTANT

EVENT, IN THIS CASE THE FED'S

MEETING YESTERDAY.

THERE ARE TONS OF INVESTORS WHO

FEAR ANYTHING LIKE THIS BECAUSE

THERE ALWAYS COULD BE A NEGATIVE

SURPRISE, SO THEY JUST WAIT AND

WAIT AND WAIT.

THEY DON'T DO ANYTHING UNTIL

THEY SEE WHAT IS SAID.

YESTERDAY THERE WAS ALSO ANOTHER

CAMP THAT COMPLETELY FREAKED OUT

AT WHAT THE FED SAYS DURING THE

PRESS CONFERENCE AND BLEW OUT OF

A HUGE AMOUNT OF STOCKS, SENDING

THE AVERAGES LOWER

ONCE THE MEETING WAS OVER,

THOUGH, AND WE HAD A LITTLE MORE

TIME TO PROCESS WHAT WAS REALLY

SAID, OTHER SIDELINE INVESTORS

GET ANXIOUS AND THEY FIND

REASONS TO PUT THEIR MONEY TO

WORK

AND THAT'S WHAT HAPPENED TODAY

THEY'VE GOT THEIR REASONS.

BUT MAYBE THEY EVEN MAKE UP

THEIR REASONS.

AND TODAY THE PURCHASES, WELL,

LET'S JUST SAY THEY WERE DONE

WITH RECKLESS ABANDON.

I SAY THAT BECAUSE AGAIN, THE

ANIMAL SPIRITS RIGHT NOW CONTROL

THE BUYERS AND THEY CAN JUST AS

EASILY CRAFT A STORY ABOUT

BUYING ANY STOCK THEY WANT

SO LET ME GIVE YOU SOME OF THE

STORYLINES I SAW ONCE I EMBRACED

TODAY WITH THE CAVEAT BEING THAT

EVEN A BULL LIKE ME IS TAKEN

ABACK BY THE STRENGTH WE GOT IN

THE WAKE OF WHAT'S ALREADY BEEN

A TERRIFIC RUN

FIRST CAMP OF BUYERS I SAID

YESTERDAY THE FED SAID IT WAS

GOING TO HAVE TO TALK TOUGH.

BECAUSE INFLATION'S STILL HOT.

WE MIGHT HAVE SEVERAL MORE RATE

HIKES TO GO.

BUT THE BUYERS IN THIS FIRST

CAMP THEY THINK JAY POWELL IS

BLUFFING

THEY THINK HE'S BLUFFING

THEY THINK JAY POWELL WON'T DO

WHAT HE SAYS, HE WON'T RAISE

RATES TO THE POINT HE'S CRUSHING

THE ECONOMY IN ORDER TO SAVE IT.

THEY THINK THE FED'S SIMPLY

TALKING A TOUGH GAME, THAT ITS

BARK IS WORSE THAN ITS BITE AND

IT'S NOT MERCILESS ENOUGH TO

TRULY BRING ON THE PAIN.

>> THE HOUSE OF PAIN

>> THESE BUYERS WENT TO WORK

PICKING UP INDUSTRIAL COMPANIES

THAT WOULD BE IN MUCH BETTER

SHAPE IF THE FED TRULY DOES STOP

TIGHTENING

WHEN THE ECONOMY'S UNIMPEDED AND

ALLOWED TO RUN FREE YOU BUY

STOCKS IN COMPANIES THAT MAKE

THINGS AND DO STUFF.

YOU'VE GOT TO REMEMBER THE MOST

IMPORTANT ONE, THE MOST

PROBABLY -- THE ONE THAT

TYPIFIES, EXEMPLIFIES, THE BEST

WAY TO SAY IT IS CATERPILLAR,

WHICH IS LEVERED TO GROWTH OF

ALL KINDS PF ROAD CONSTRUCTION

WE HAVE ABOUT A TRILLION DOLLARS

OF ROAD-U CREDIT THANKS TO THE

FLOOD OF INFRASTRUCTURE SPENDING

FROM THE ROAD CONSTRUCTION

MORE OIL DRILLING.

AND IF THE FED IS BLUFFING MAYBE

WE WILL NEED MORE OIL AND GAS.

AT LEAST IT WILL CERTAINLY RAISE

THE PROOSS FOR THEM.

CAT DOES WELL IF CHINA DOES

WELL

WE KNOW THERE'S STILL ONE MORE

CHINA STIMULUS PACKAGE REPLETE

WITH LOWER RATES THAT COULD LEAD

TO PROJECTS THAT NEED

CATERPILLAR TRACTORS

YOU NEED THEIR MACHINES TO MINE

FOR COPPER AND OTHER

NON-PRECIOUS METALS.

AND YOU NEED MACHINES TO BUILD

ALL THOSE NEW DATA CENTERS FOR

ARTIFICIAL INTELLIGENCE.

NOT TO MENTION THE NEW DOMESTIC

SEMICONDUCTOR FACTORIES THAT

WILL MAKE US LESS HOSTAGE TO

CHINA AND TAIWAN

CATERPILLAR NOT JUST BECAUSE WE

OWN IT FOR THE CHARITABLE TRUST

BUT NORMALLY THE STOCK GETS

HAMMERED WHEN THE FED CRACKS

DOWN ON INFLATION.

NOW THERE ARE ENOUGH PEOPLE WHO

NO LONGER BELIEVE THE FED'S

TOUGH TALK

THEY'RE CONVINCED THE FED HIKES

ARE REALLY DONE, IT WASN'T JUST

A PAUSE, WASN'T JUST A SKIP AND

THEREFORE YOU'VE GOT TO BUY CAT

FOR THE LONG HAUL.

THAT'S HOW THIS STOCK CAN CLOSE

AT $247, UP $4.37 JUST TODAY

OF COURSE THERE'S ALSO A

CONSIDERABLE BET AGAINST CAT

BECAUSE THE BEARS THINK THE

NUMBERS WILL PROVE TO BE TOO

HIGH GIVEN WE'RE HEADED TO A

RECESSION.

BUT THEY'RE BEING OVERRUN.

THEY MAY HAVE NO CHOICE BUT TO

BUY BACK THEIR SHORT BET AGAINST

CAT BEFORE THEY LOSE THEIR YEAR

ON THIS ONE.

OH, THERE WERE MANY CATS OUT

THERE TODAY, THOUGH, THAT WERE

RUNNING FREE

BUT WE ARE SEEING TOO MANY

SHORTS AND WE'RE SEEING MASS

CAPITULATION

THEN THERE'S THE SECOND CAMP

OKAY

THIS IS THE CAMP THAT'S THE

OPPOSITE

THE ANTITHETICAL CAMP.

THESE PEOPLE ACTUALLY TAKE THE

FED AT THEIR WORD.

THEY'RE NOT GOING TO STOP

TIGHTENING UNTIL THEY CRUSH

INFLATION.

SO YOU'VE GOT TO IRK IS'LL THE

WAGONS AROUND THE COMPANIES THAT

THRIVE IN LOW INFLATION, LOW

GROWTH OR EVEN NEGATIVE GROWTH

SCENARIOS LIKE ELI LILLY AND

JOHNSON & JOHNSON.

BIG PHARMA'S MORE OR LESS

RE-SESSION PROOF

LILLY HAS THE POTENTIAL FOR TWO

BLOCKBUSTERS DRUGS

FIRST IS MONUNJARO

THERE WILL ALSO BE TRIALS TORE

LOWERING BLOOD PRESSURE AND

CUTTING DOWN ON HEAVY DRINKING

BECAUSE IT CAN CUT DOWN YOUR

CRAVING FOR ALCOHOL.

WE DON'T KNOW HOW IT WORKS BUT

HERE'S WHAT IT DOES.

IT MAKES HEAVY DRINKERS FEEL

LIKE IT'S 8:00 A.M., NOT 8:00

P.M., MEANING IT ISN'T TIME FOR

A DRINK.

LILLY HAS A TON OF MONEY AND

IT'S PUTTING UP FACTIES TO

PRODUCE THIS DRUG LIKE THERE'S

NO TOMORROW.

I THINK IT WILL BE THE

BEST-SELLING DRUG OF ALL TIME

THANKS TO THE OBESITY EPIDEMIC

THEN LILLY HAS A ALZHEIMER'S

TREATMENT.

J&J, THE MEDICAL DEVICE BUSINESS

THAT'S NOW THRIVING BECAUSE

THERE'S A HUGE BACKLOG OF PEOPLE

GOING TO THE HOSPITAL FOR

NON-URGENT SURGERY NOW THAT

COVID'S BEEN CONQUERED

HOW STRONG IS THE BUYING

GIVEN THAT J&J'S STOCK HAS BEEN

BATTERED FOR A YEAR BY

ACCUSATIONS THEY SOLD TALC CAN

ASBESTOS IN IT I THINK THE

BUYING IS A STRONG STATEMENT

THESE FEMALE FEEL THE FWED COULD

DO MORE DAMAGE TO THE ECONOMY SO

IT'S WORTH THE RISK OF A LAWSUIT

JUST TO OTHERWISE OWN THIS VERY

SAFE COMPANY

YOU COULD STRADDLE BOTH CAMPS.

WE OWN CATERPILLAR AND LILLY AND

J&J FOR THE CHARITABLE TRUST

I BELIEVE IN DIVERSIFICATION

YOU WANT TO KNOW MORE ABOUT HOW

DIVERSIFICATION REALLY WORKS

PLEASE JOIN THE INVESTING CLUB

HE WITH JUST CONVENED A HUGE

ONLINE MEETING ABOUT THESE

TOPICS

THE THIRD CAMP

THIS IS THE THIRD CAM.

AND THIS ONE WAS VERY EXCITING

RIGHT HERE ON THE FLOOR OF THE

EXCHANGE

THIS WAS IT.

THE THIRD CAMP SAYS THAT TODAY

WE JUST HAD ONE OF THE MOST

SUCCESSFUL IPOs OF ALL TIME WITH

MEDITERRANEAN RESTAURANT CHAIN

CAVA COMING PUBLIC AND DOUBLING

RIGHT OUT OF THE GATE.

DON'T YOU WANT TO DOUBLE

WE HAVE A CAVA DOWN THE BLOCK ON

WALL STREET AND I TOLD YOU THE

OTHER DAY THE OFFICE LOVES IT.

THERE AREN'T -- BY THE WAY, THE

PEOPLE IN THE OFFICE THE LINES

ARE OUT THE DOOR

THIS MEDITERRANEAN FOOD IS LOVED

BY MANY, NOT JUST REGIONALLY IN

THE MID-ATLANTIC BUT NATIONALLY.

THAT'S THE BEST KIND OF

LONG-LASTING RESTAURANT STORY

STOCK.

SO IT MADE SENSE TO DOUBLE OUT

OF THE GATE.

ALTHOUGH I TOLD YOU YOU'VE GOT

TO BE CAREFUL.

I TELL YOU WHEN YOU CATCH A

DOUBLY ALWAYS SAY RING THE

REGISTER

BUT THE BUYERS WHO ARE IN THIS,

THE ONES DRAWN TO CAVA, THEY'RE

DRAWN BY FOMO.

RIGHT?

THEY KNOW MONEY'S BEING MADE AND

THEY DENT WANT TO SIT IT OUT

LOOK FOR A SLEW OF HOT DEALS

NOW THAT CAVA'S COME OUT THE

CHUTE.

THIS IS AN ADVERTISEMENT THAT

SAYS COME BACK TO THE CASINO,

COME BACK TO THE CASINO.

IT'S MESMERIZING

IT'S HALLUCINATING

IT WORKS

FINAL, THE MONEY MANAGERS WHO

BET THIS MARKET HAS TO GO DOWN,

WE'RE SUPPOSED TO GO INTO

RECESSION.

AND THEY ARE SHORT CATERPILLAR

LIKE I MENTIONED AND NOW THEY'VE

REALIZED THOSE SHORT POSITIONS

ARE GOING TO WRECK THEIR

PERFORMANCE FOR THE YEAR

THEY'RE RUNNING OUT OF REASONS

TO BE SHORT AND THEIR CLIENTS

ARE RUNNING OUT OF PATIENCE WITH

THEM

THE ONE GROUP THAT'S NOT BEING

BOUGHT AGGRESSIVELY RIGHT HERE

IS TECH BECAUSE THOSE TECH

STOCKS HAVE ALREADY HAD A HUGE

RUN AND SOME PEOPLE FEEL THEY'VE

PEAKED

I THINK IT MAKES SENSE BUT I

STILL THINK TECH CAN THE AT

LEAST TREAD WATER WHILE OTHER

GROUPS CATCH UP.

HE WITH JUST HAD AN AMAZING

QUARTER FROM ADOBE WHICH MANY

PEOPLE WERE SHORT BECAUSE IT HAD

BEEN GOING UP FOR A LONG TIME.

AND WE HAD A BEAUTIFUL QUARTER

FROM ORACLE WHERE PEOPLE ARE

STILL SMORTING IT.

THEY'RE CRAZY.

WE'LL SPEAK TO ADOBE LATER ON.

THEY MAKE ME VERY CONFIDENT

WE'RE NOT DONE WITH THE

PHENOMENAL TECH QUARTERS

BOTTOM LINE WHEN YOU PUT THESE

FOUR OFTEN CONTRADICTORY GROUPS

OF BUYERS TOGETHER YOU CAN GET A

MAGNIFICENT RUN ACROSS THE BOARD

LIKE WE HAD TODAY.

ULTIMATELY MAYBE ONLY ONE CAMP

CAN REALLY BE RIGHT BUT IN THE

INTERIM AS THE BETS ARE BEING

MADE ALMOST EVERY KIND OF STOCK

IS GOING HIGHER.

♪ HALLELUJAH ♪

ERIC IN MICHIGAN

ERIC

>> Caller: JIM, HOW ARE YOU

DOING TODAY?

>> ERIC, I'M TELLING YOU, EVERY

TOM GOING HIGHER KIND OF MAKES

ME LIKE THE MARKET

WHAT'S GOING ON?

>> Caller: I'M CALLING ON UBER

IT HIT A NEW 52-WEEK HIGH TODAY.

I WANTED TO GET YOUR SHORT-TERM

OUTLOOK ON THE STOCK

DO YOU THINK WE CAN CONTINUE

GOING HIGHER

>> YES

I THINK UBER HAS -- I THINK UBER

HAS A NUMBER OF THINGS GOING FOR

IT AND YOU KNOW WHAT, IT REALLY

DID KIND OF WIN.

AND I LIKE A WINNER IN THE

SPACE.

UBER TRIUMPHED

WHY?

GREAT MANAGEMENT

EVERYONE IS BUYING INTO THE

MARKET RECENTLY IS LOOKING LIKE

A GENIUS

SOONER OR LATER NOT EVERYBODY

WILL BE BUT RIGHT NOW KA-CHING

KA-CHING

ON "MAD MONEY" TONIGHT EU

CHARGED GOOGLE WITH

ANTI-COMPETITIVE PRACTICES

I'M CHECKING IN WITH A SMALLER

AD TECH PLAYER TO GET A BETTER

SENSE OF WHAT COULD BE

HAPPENING.

THEN LENNAR PAINTED A ROSY

PICTURE OF WHAT'S TO COME IN

THEIR QUARTERLY REPORT BUT

SHOULD INVESTORS TAKE SOME

PROFITS AFTER TODAY'S POP OR

MAYBE LET IT RIDE?

AND ADOBE REPORTED AFTER THE

BELL I'M GOING TO GO THROUGH IT

AND FIND OUT WHAT IT MEANS FOR

ADOBE AND FOR THE WHOLE MARKET

WITH THE CEO

SO STAY WITH CRAMER!

>> Announcer: DON'T MISS A

SECOND OF "MAD MONEY."

FOLLOW @JIM CRAMER ON TWITTER.

HAVE A QUESTION?

TWEET CRAMER

#MADTWEETS

SEND JIM AN E-MAIL TO

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