RUSH TRANSCRIPT I hope ░░░░░░░░ and I think events ░░░░░░░░ this week will prevent ░░░░░░░░ I can t speak ░░░░░░░░ him obviously I don ░░░░░░░░ speak for him and ░░░░░░░░ I just hope that ░░░░░░░░ s not too late ░░░░░░░░ change his mind if ░░░░░░░░ fact he s calling ░░░░░░░░ David North Dakota senator ░░░░░░░░ Cramer thank you for ░░░░░░░░ in sir appreciate it ░░░░░░░░ another worrying figure weighing ░░░░░░░░ markets today is that ░░░░░░░░ 2 spike in the ░░░░░░░░ price index This tends ░░░░░░░░ be a major inflation ░░░░░░░░ and it is surging ░░░░░░░░ a 12 year high ░░░░░░░░ where should you put ░░░░░░░░ money in a high ░░░░░░░░ environment Joining me now ░░░░░░░░ market watcher s shanna ░░░░░░░░ and courtney domingas Courtney ░░░░░░░░ to you with higher ░░░░░░░░ you don t want ░░░░░░░░ hold on to cash ░░░░░░░░ it loses its value ░░░░░░░░ the day and hyper ░░░░░░░░ by the hour let ░░░░░░░░ hope we don t ░░░░░░░░ there but also you ░░░░░░░░ t seen interest rates ░░░░░░░░ so high partly because ░░░░░░░░ the fact that the ░░░░░░░░ has been buying so ░░░░░░░░ bonds to try to ░░░░░░░░ those interest rates down ░░░░░░░░ where else do you ░░░░░░░░ your money if you ░░░░░░░░ t hold it in ░░░░░░░░ you don t buy ░░░░░░░░ you don t have ░░░░░░░░ else except for stocks ░░░░░░░░ buy do you Yeah ░░░░░░░░ stocks aren t necessarily ░░░░░░░░ bad place to be ░░░░░░░░ to make sure you ░░░░░░░░ keeping place with inflation ░░░░░░░░ want to make sure ░░░░░░░░ re having companies that ░░░░░░░░ the pricing power to ░░░░░░░░ able to pass on ░░░░░░░░ inflation to their consumers ░░░░░░░░ therefore is going to ░░░░░░░░ you as a shareholder ░░░░░░░░ it s deceiving here ░░░░░░░░ if you look at ░░░░░░░░ market like the nasdac ░░░░░░░░ down a lot more ░░░░░░░░ the S P 500 ░░░░░░░░ your tech companies are ░░░░░░░░ vulnerable to interest rates ░░░░░░░░ and that s an ░░░░░░░░ pretty heavily weight ed ░░░░░░░░ tech so people think ░░░░░░░░ the whole markets are ░░░░░░░░ while interest rates are ░░░░░░░░ but it really isn ░░░░░░░░ the case To your ░░░░░░░░ there are things that ░░░░░░░░ benefit like for example ░░░░░░░░ of like banks which ░░░░░░░░ their net margin interest ░░░░░░░░ increase with interest rates ░░░░░░░░ or things like commoditieses ░░░░░░░░ have price increases so ░░░░░░░░ want to have those ░░░░░░░░ that go up with ░░░░░░░░ which is a hedge ░░░░░░░░ inflation you need to ░░░░░░░░ that in your portfolio ░░░░░░░░ now and stocks are ░░░░░░░░ good place to look ░░░░░░░░ that David shanna in ░░░░░░░░ bottom right of the ░░░░░░░░ we have New Zealand ░░░░░░░░ nasdac it s close ░░░░░░░░ 1 68 right now ░░░░░░░░ there bargains to be ░░░░░░░░ It looks like it ░░░░░░░░ going to drop below ░░░░░░░░ 000 Are there bargains ░░░░░░░░ be had on the ░░░░░░░░ I think it really ░░░░░░░░ on what your investment ░░░░░░░░ is If you have ░░░░░░░░ long term investment horizon ░░░░░░░░ longer term investor I ░░░░░░░░ think that there s ░░░░░░░░ lot of opportunity in ░░░░░░░░ right here There s ░░░░░░░░ long term trends for ░░░░░░░░ lot of technology stocks ░░░░░░░░ ve had very strong ░░░░░░░░ the issue today is ░░░░░░░░ fundamentals of these stocks ░░░░░░░░ stocks have very strong ░░░░░░░░ and very strong guidance ░░░░░░░░ s simply this inflation ░░░░░░░░ this inflation concern does ░░░░░░░░ these faster growing companies ░░░░░░░░ than as courtney pointed ░░░░░░░░ other areas of the ░░░░░░░░ like energy materials financials ░░░░░░░░ then if you just ░░░░░░░░ at the components of ░░░░░░░░ core CPI and the ░░░░░░░░ inflation numbers you look ░░░░░░░░ lodging you look at ░░░░░░░░ prices these are all ░░░░░░░░ that would benefit from ░░░░░░░░ inflation David and courtney ░░░░░░░░ thing we know not ░░░░░░░░ be to force you ░░░░░░░░ picking stocks here but ░░░░░░░░ know that the chip ░░░░░░░░ are going to get ░░░░░░░░ lot more business There ░░░░░░░░ a huge demand in ░░░░░░░░ world for chips right ░░░░░░░░ Is that one place ░░░░░░░░ you be looking because ░░░░░░░░ we make it s ░░░░░░░░ to have chips in ░░░░░░░░ Just about anything we ░░░░░░░░ is going to have ░░░░░░░░ in it so would ░░░░░░░░ be one place to ░░░░░░░░ That is a good ░░░░░░░░ and you re seeing ░░░░░░░░ actually in a lot ░░░░░░░░ different sectors where there ░░░░░░░░ this huge supply and ░░░░░░░░ constraint right now so ░░░░░░░░ that you re seeing ░░░░░░░░ supply and demand constraint ░░░░░░░░ is definitely one of ░░░░░░░░ that very well might ░░░░░░░░ exacerbated as the economy ░░░░░░░░ to reopen so it ░░░░░░░░ something to be able ░░░░░░░░ take advantage of right ░░░░░░░░ especially if there s ░░░░░░░░ values to be had ░░░░░░░░ shana can I ask ░░░░░░░░ to weigh in on ░░░░░░░░ Would you be looking ░░░░░░░░ chip manufactures Oh absolutely ░░░░░░░░ of my favorite names ░░░░░░░░ nvi dia and I ░░░░░░░░ to believe that anytime ░░░░░░░░ sees a big turn ░░░░░░░░ I m a buyer ░░░░░░░░ also names like marvel ░░░░░░░░ which is a big ░░░░░░░░ of 5g infrastructure and ░░░░░░░░ a big part of ░░░░░░░░ build out in 5g ░░░░░░░░ s another name that ░░░░░░░░ only going to benefit ░░░░░░░░ this imbalance in supply ░░░░░░░░ demand which as it ░░░░░░░░ out is one of ░░░░░░░░ things that causes inflation ░░░░░░░░ that imbalance David got ░░░░░░░░ ask you either one ░░░░░░░░ those stocks We do ░░░░░░░░ David okay very good ░░░░░░░░ I do not David ░░░░░░░░ thank you so much ░░░░░░░░ being here shana forgive ░░░░░░░░ for that Courtney thank ░░░░░░░░ very much for being ░░░░░░░░ Well the housing market ░░░░░░░░ still on fire with ░░░░░░░░ fleeing metro areas for ░░░░░░░░ cities We re going ░░░░░░░░ take you to the ░░░░░░░░ that is named as ░░░░░░░░ hottest housing market in ░░░░░░░░ nation We ll take ░░░░░░░░ there in a moment