i'm jim cramer and welcome to my world. >> you need to get in the game! >> firms are going to go out of business and he's nuts, they're nuts! they know nothing! >> "mad money," you can't afford to miss it. >> hey, i'm cramer! welcome to mad money. welcome to cramerica. other people want to make friends. i'm just trying to save you a little money. my job is not just to entertain but to educate and teach. so call me at 800-743-cnbc. i got one for you. 2012 is not 2011. no, i'm not trying to change my name to captain obvious. i know you can read the calendar. what i mean is the 2012 stock market is wildly different from 2011's. and it's manifested even on days

when the averages meander back and forth, like they did today. s&p rising .62%, despite a spike in oil to a four-year high. so what's so different about 2012? a lot of people puzzle over it but i think i've solved the conundrum. i think i have. in 2012 it's our reaction to individual stock news, the way we view and trade that news. that's the defining trade of this year. that's what's going on in the market. when we get good news, stocks go much higher. again, seems obvious, right? think about it, did that happen last year? no. we could get good news galore and it would be obscured by what we call the macro, if greece burped, italy belched, our good news meant nothing. we could reasonably anticipate a stock with a positive announcement would merely go down less than others. now consider how different

things were today with the market's reaction to monthly retail sales. perennial ne'er-do-well gap stores, which tried to get me as spokesman for old navy with jeans, didn't do it. anyway, they came out with a monumentally fantastic number, a big turn in same-store sales and the stock went up huge, even as it had run and run and run into the number. how many times last year did we hear sell the news after a gigantic run? that sure didn't happen today. this is a fundamental change. it represents a reversion to the bull markets i'm used to from the '80s and '90s where good news gets rewarded instantly, even if a stock had already run in advance of that positive data point. this is big, people. how about this? same time, liz claiborne, man, what a crummy company, right? they reported missed estimates for both revenues and earnings. how did the stock do? the darn stock went higher! dramatically higher. i'm calling that genuine

forgiveness in action. few markets were less forgiving than the one we left behind in december for heavens sake. consider total cramer non-fave finisar, the telco optical equipment maker. last night this company delivered absolutely one of the -- just the worst possible earnings reports of 2012. and it talked about a continued decline in big telecommunications spending on equipment, that's what they do an an incursion of cisco right into finisar's core business. how did the stock do? a little 2011 thing going at the opening, stayed down for just a little bit and then it started gathering steam and it went into the black. maybe it not going to stay there for long. in fact, i expect it to drop back. far more important than that, it's the ability to get out.

let's say you speculated on finisar hoping for a gain, you got a horrible number and you still made money. you didn't have to lose money. last year it would have gone down and stayed down. in 2012 it rallied. that's so, so different from last year. i also love it when stocks won't quit that should. okay. here's what happened. when you get a stock where let's say where normally it would have stopped in 2011, right, it's a sign of a market that's much stronger than we think. so let's talk about wynn resorts. a lot of people look at that stock. we profiled it positively for a trade in tuesday's off-the-charts segment. all right. we got what some would regard as subpar numbers out of mccall, i know i did when i first saw them i did and i knew they were going to hammer wynn mercilessly. people look so the so-called weakness in the numbers, they

recognized calendar shifts, lunar thing and chinese new year. sure enough they used it as an excuse and bought wynn hand over fist, stock rallying 3%. we haven't had a market that was that willing to excuse apparently weak data for some time. that's new for stocks but it's in style for 2012. how about perrigo? i feared that this year it could run out of positive news. while there are many drugs now slated to go over the counter, i didn't think there would be enough to make a difference to keep that ball rolling. and i was concerned perrigo could be hurt by the improving economy because people might start trading back up. and johnson & johnson replaced its loser ceo william weldon. they had been completely unable to stop the recalls. now it's clear that people are willing to overlook all those

negatives, including the j & j situation. the fda said they want more prescription drugs to go over the counter. it's enough to get the animal spirits going in a stock that blew away numbers and then went down, something in 2011 was a precursor for a nonstop decline. perrigo hit a 52-week high today. we need to recognize these patterns of forgiveness and optimism for what they are, major changes in how the market is viewing stocks. some people would say this is called multiple expansion. however, if all that was happening was an expansion of the multiples, that wouldn't be enough. markets that rally on rising multiples can devolve into nothing more than the greater fool theory. as we saw during the remarkable and ultimately toxic multiple expansion period of 1998 throughout first two months of 2000. but multiple expansion based on

rising earnings, coming out of the retailers and industrials, even the oils, now that can make for a sustainable rally. doesn't drive us to the precipice. the same can be said about the banks. you need higher earnings. it can be the holy grail of bull market. given how well the retailers did despite higher oil prices, who knows how well they can do if gasoline were ever to come down and i don't know a soul who thinks it can come down. keep watching trends of forgiveness and instant rewards. they encourage people to come off the sidelines and start buying stocks. the survey i saw today said the most money in a bond fund since september 2010. come on. remember, if you think you're going to be down immediately after you buy a stock or any bit of news can take down your purchase, you're going to be gun shy, but when you see stocks rally robustly on good news and not go down on disappointing

news or go higher on it, you have a take that's kind, gentle, enjoyable. in a market where bad news doesn't create much of a ripple, you should fight your way in! despite all the talk of bubbles. we put an end to that talk last night, didn't we? here's the bottom line. no, the bad news isn't done coming out. it doesn't matter right now. it's the way we react to bad news. that has changed dramatically, dramatically from last year. in 2011, all was punished. in 2012, all is forgiven. the good news, we don't sell on it. we buy it, even if wise guys think that the positive news is baked in already. that's a huge change in the risk/reward ratio. the risk has gone down for owning stocks while the reward has gone higher. what a difference a year makes. let's go to mike in illinois. mike! >> caller: love your show, jim. my question is with the big drop

in gold prices and silver prices and precious metals, does that have to do with ben bernanke not mentioning qe-3 and the prices are up today? >> this is a great question. we got to have some horse sense here! people immediately ascribe anything to everything. bernanke says something. he didn't. gold was down, technically it looked bad. but people need to foment reasons, people want to grasp on anything, it's what bernanke said. i've gone over what bernanke said a gazillion times. it would not have affected gold. let's forget about trading gold. the supply is not increasing despite the rally to 1700 and the demand is voracious. that's what matters. let these trading freaks knock it down. they don't know jack! all right. how about anthony in california. anthony. >> caller: big los angeles clippers booyah to you, jim! >> back in action booyah to you my friend. good to see a team come back

from the dead. what's up? >> symbol wen reported fantastic earnings. where is it going as the market trades higher? >> nowhere! that's right. when you see a company that reported allegedly fantastic earnings it doesn't go up. i think the problem is it's interesting, but in the end even in a bullish tape, you got to go for mickey d or chipotle or even panera back and maybe bigger than ever. glass half full. this market is finally shaking off that pessimism, that nastiness. it's like a big shower's been taken from 2011. i think there could be more bad news but it's how we view it, the way we view it, i say stay with cramer! coming up, joy and pain. investors rake joy global over hot coals when it missed the street's estimates. but after raising guidance, could the mining equipment giant

soon bring joy to your portfolio? cramer's exclusive with the company's ceo is next. >> later, class dismissed. while getting a higher education is important, jim thinks a few collegiate stocks deserve detention. are they lurking in your portfolio? find out when cramer expels them to the sell block. spec that protects? this $7 stock offers a whopping almost 10% dividend just to own it. but is it sustainable? cramer's going straight to the source to find out. when he talks to the ceo of bgc partners just ahead. all coming up on "mad money." >> miss out on some "mad money?" get your text alert today. text mm to 26221 to get cramer right on your phone. for more info visit madmoney.cnbc.com.

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great thing about the stock market constantly making mistakes on a day-to-day basis,

market overreacts, gets misled, misinterprets all kind of data and sometimes those errors represent terrific opportunities for your home gamers. you have to be able to recognize them. take joy global, joy. the manufacturer of mining machinery, especially for coal, part of a slap-happy world wide duel only with caterpillar. 2 cent earnings miss of $1.33 basis, revenues rose over 30% year over year, still came in slightly lower than anticipated, stock fell $4.81, 5.2% hammering. was it a mistake? they had a tough time with the surface mining business. it did raise sales and earnings forecasts for 2012. management talked about positive signs out of their end market, especially internationally. capital budgets came in higher than expected pretty much across

the board except for in the united states. i've been a big fan of this story for ages because it's all about emerging markets and the voracious demand for natural resources. and that theme is not going away any time soon. it's driven by massive migrations of people from rural areas to cities and they need new infrastructure, electricity and coal. since 2009 it's $17.55 and i'm concerned about the weakness in coal and the competition from cat. i wouldn't be surprised if this one has a lot more juice left in it. did the market overreact when it sent the stock down hard yesterday? let's check in with mike sullivan, president and ceo of joy global. mr. sullivan, welcome back to "mad money." >> thanks for having me back again. >> first, this -- i am so used to a very clean quarter where i don't really have to figure out a lot of moving parts, but you had them. you made an acquisition, a

second acquisition, quality problems with the first acquisition. if you just were looking at joy global the service company, would this have not been a blowout quarter? >> well, our organic business, our legacy business has delivered fantastic organic results for us. we saw revenues up 20%. our core businesses really delivered very, very well for us and exceeded our internal expectations. we had a few bumps in our order rate but particularly for original equipment it's notoriously lumpy and it's just the nature of the mining equipment business. the issues we had were in and around the mergers and acquisitions -- not mergers but acquisitions that we did. fundamentally there was little startup issues and things we had to work on that we're still very positive on both of those businesses, they're going to deliver tremendous value for us.

we still will be accretive with both of those on their first year on board with us. that's unusual to get first year accretion. we're very pleased with our results and our core business and we're very satisfied with the startup of the two acquisitions. >> i'm glad you said that. that's how i read it. but i do have to -- i got to puzzle over this coal thing. right when your terrific conference call came out of which i basically called the headline, winter didn't arrive. that's your quote. i also got an e-mail from the sierra club saying that their beyond coal program it just shut its 100th coal plant in the united states, this one portland in mount bethel, pennsylvania. how much do we have to worry about the environmental movement really putting the heat on the utilities, and how much of the utilities problem was just because it was too warm this winter? >> well, we have seen over the

last few years the structural shift because of regulations, environmental regulations that have been imposed on the industry. we've seen a shift away from coal to natural gas. some of that is just cheaper natural gas coming from the gas shale plays. but that's a secular trend that's going to occur over a long period of time. switching occurs today through dispatch of different plants, a gas plant or a coal plant on to the grid. plants doesn't change fuel sources. the switching is limited to the amount of gas fired plants that can be brought on to the grid and it's been a long-term gradual decline and we expect that to continue. in the longer term the switching will occur as more gas fired plants get built in the united states and replace aging coal fired plants. again, that's a long term secular trend. we saw a turning point in coal demand in the united states as we got into the winter months

and it was definitely the majority of the impact is winter driven. but i will tell you that if you look at places like china and india, those two countries alone are building electricity-generating capacity this year that will equal about a one-third of the install base of power generating capacity in the united states -- >> this year alone, coal plants? >> this year alone, they'll build enough coal fired capacity that they have under construction right now, they have the coal fired capacity under construction equal to one-third of the total power generating capacity in the united states. the coal market is not gone. it's just shifted overseas to the emerging markets, but it's not gone. >> you had a quote, you said electric demand in china is running up 14%, western electric grid needs to be built out and this is going to be a coal project, isn't it? >> it is coal fired power generation in the international markets we have over 200 gigawatts under construction,

75% or more is in china and india alone. both countries have coal resources and that's what they see as the most cost effective available secure source for power generation and both are putting investments in carbon capturing storage and ways to make coal burn cleaner in the future. it's a need we all have because there isn't enough energy available to meet the growing demands on a worldwide basis. >> i think people didn't understand that. i think they tried to pin the tail on a few plants in america. it's a much stronger global story. thanks for coming on the show. >> thanks for having me back again. >> this is about china and india. not about the united states. if it's just about the united states, i agree the stock should be lower. but china and india are burning coal like mad and they're doing it and using the shovels that are produced by mike sullivan's joy global. i would stay in joy global. i would stay with cramer.

>> coming up, class dismissed. while getting a higher education is important, jim thinks a few collegiate stocks deserve detention. are they lurking in your portfolio? find out when cramer expels them to the sell block. plus spec that protects? this stock offers a whopping 10% dividend just to own it but is it sustainable? cramer finds out when he talks to the ceo of bgc partners just ahead. all coming up on "mad money."

few things will do more damage to your portfolio than false bargain hunting. i'm talking about buying stocks that have experienced enormous declines because their share prices are a lot lower than they used to be. just because a stock has gone down, it doesn't mean they've become cheaper. sometimes what looks to be a big decline turns out to be nothing more than the tip of the iceberg of declines. i say all this because the other day on "street innings" my friend herb greenberg delivered a jeremiad against the for-profit education sector, a

group that's been pounded of late. after listening to him, i'm very concerned about the pain in this group and that it could be far from over. that's why tonight i'm putting the entire for-profit college education space in the sell, sell, sell, sell block. think apollo, devry, strayer, american public education, career education and corinthian colleges. these stocks have all been mercilessly hammered after a couple of very disappointing enrollment results over the week from career education and apollo, along with a disappointing quarter from strayer, which is one of the stronger players in the group. that was two weeks ago. and in a market where many stocks have had huge runs, the for-profit colleges are off their highs. it's a monumental mistake to try to go bottom fishing. the risks far outweigh the

potential rewards, even at these prices. what has me so fretful and worried? herb's thesis here is they're not just experiencing short-term turbulence. he think the entire industry's business model could be broken and will need to go through what he calls a hard reset before the dust settles. so things could get a whole lot worse before they start to get better. in other words, the for-profit education space has become a classic bad neighborhood. that means it doesn't matter if some of these companies are legitimate fixer-uppers or even good houses. when the neighborhood falls apart it drags down the value of everything. and some are like foreclosures, they could keep the stock prices down to those that live next to them for ages and ages. the labor market is getting better, maybe good news for the country, but it is terrible news if you're running a for-profit school. why is that? the newly unemployed often enroll in for-profit schools.

changes in jobless claims are 61% correlated with changes in new enrollment. employment 8.1% to 8.3% last month and jobless claims are dropping, the new enrollment numbers for these schools should keep getting worse, not better. second, the competitive environment has become a lot more cutthroat than it used to be. not only are for-profit colleges facing more competition, they're also be crowded out by traditional liberal arts colleges and public universities that are increasingly offering their own online programs. when you have to compete with nonprofit organizations, you're in trouble, and some of them have some pretty good old line brand names, too. third is regulation. over the summer the department of education came out with new gainful employment rules that imposed substantial oversight and controls on the for-profit colleges. some of that is old news but regulations are going to ramp up over the next four years. the idea is they don't do enough

to prepare students for real world, they could lose access to federal student aid. plus the new head of the consumer protection bureau said for-profit schools that have institutional loan programs are in his agency's cross hairs. the new regulations mean that for-profit schools will have to adopt less aggressive sales tactics and that's a big problem considering that last year these companies already had to spend 25% to 50% more to acquire new students. now they have to not only spend more but spend less efficiently. you know what? that is a real red flag. any company that has to spend that much on potential customers is a company that could be hobbled if fewer applicants come in the door. plus these schools will need to become more selective about students who they enroll. the default is too high, schools have trouble getting their hands on federal aid. it's just a perfect storm of problems. when you throw in the cuts to pell grants over the next 12 months, a big source of student

loans, as well as all the scandals and negative headlines, it's hard to believe things will get better anytime soon. how many times have we heard how low can they go? first solar, 150. you get me. a smaller pool of students, a big increase in competition, stepped up regulation, no wonder herb thinks for-profit schools will have to radically rethink their business models. it's possible things will eventually improve. at some point in the future these stocks could be buys but not now. imagine if obama gets reelected. he could crack done even harder. after listening to herb greenberg's concerns about the for-profit college stocks with his great "street signs" show, we did some digging of our own and we got real worried. i need you to sell apollo,

devry, itt educational services, strayer, american career education and corinthian colleges. maybe some of them are good houses but they're located in the worst neighborhoods imaginable. cecilia in new jersey. >> caller: hi, how are you? thanks for taking my call. i work at different new jersey colleges and different departments. pearson has a lot of online homework, new resources online, a lot of good training and relationships with our schools and especially math departments. would you recommend pearson as a stock to buy? >> i love your school. my daughter loved it there. i think pearson is an amazing company. boy, would i love to have them on the show. i think you stick with pearson.

it's one of the few companies that have been able to make money on line, off line, doing the right thing. they're terrific. let's go to charlie also in new jersey. >> caller: hi, jim. booyah. >> booyah, charlie. >> caller: jim, a couple of months ago i took a pretty decent jag of monster worldwide, about 300 shares, talked to you about this on the lightning round before, as well. today it was up, you know, up almost 25% and then closed at about 15. the strategic initiative by the ceo seems it's going to help it. talked to my father-in-law, adam, he tells me to hold. what do you think? >> i think adam has a good point. the company has just said, look, we can't bring up the value, maybe somebody else can, let's go with adam for now. the stock is worth more that eight bucks. i was initially too optimistic about them and it went all the way down. i think it can go up a little

bit higher, maybe double digits before you have to make a trade. let's go to denise in maryland, please. denise. >> caller: hey, jim. company expectations are high and look to increase their sales into low single digits to help earnings grow for 2012. do you think this is a wise investment and do you think this trend may help the other office supply companies like office depot and office max? >> no. i think this group is challenged. i went through the staples call. i'm increasingly worried about the relevance of this group, frankly. i think you can get all the things you want from staples at costco and costco is hitting it out of the park. i did price comparison recently and i don't think these guys offer the bargains that they think they do. frankly, i don't think it's all that pleasant to sharp there. sorry. i'm a tough judge. i don't think staples has it. the for-profit education schools, those stocks, i'm putting them in detention. i think you got to stay away from them.

there's so many other companies doing so well right now. why even go near a challenged company? and thank you, herb greenberg, for opening our eyes to possible dangers of this difficult group to own. stay with cramer. >> coming up, can you handle the heat? cramer gets you fired up for a searing hot lightning round. and later, spec that protects? this $7 stock offers a whopping 10% dividend just to own it but is it sustainable? cramer goes straight to the source to find out when he talks to the ceo of bgc partners coming up on "mad money."

it is time for the lightning round. play to this sound and then the lightning round is over. are you ready? we're starting with j.d. in california. j.d. >> caller: hey, the man who's got my back. booyah! >> you bet i do. >> caller: calling from california.

hey, cramer. this is singer/songwriter jda out of nowhere, the man behind the harley davidson song. what do you think about the stock? >> i think that stock can go much higher. still people betting against them. that's a mistake. let's go to brent in ohio. >> caller: jim, booyah. >> booyah, brent. >> caller: calling on mga magna, cars flying off the lot. wondering if that's a winner. >> you bet it is. that was the one i really should have pushed. i mentioned it but that one is just doing terrifically and i'm a buy, buy, buyer right here. bill in delaware. >> caller: hello. >> bill. >> caller: cramer, i'm calling from dover, delaware. the stock i'm calling about is

ipg photronics. they initiated a secondary share offering a couple of days ago that has got me uneasy. >> the secondary's okay but i got to tell you, i was doing a lot of work on jdsu and they have a terrific laser business and i think it's better than jurors. >> jonathan in texas. jonathan. >> caller: i have a dividend question for you, the old environmental, stock symbol is ve, where do you see this company future-wise? >> i looked at that and said maybe they're out of the woods but it's just too, too hard for me and i'm not going to buy it, i'm not going to try to think they can get that thing. they still had a very, very big loss, sir. i am not a believer in that. no, i'm not going to be lured into reaching for a dividend where i'm worried about the earnings power.

let's go to tom in new york. tom. >> caller: hi, jim. lionsgate lgs. jim, after hunger games broke twilight's record sales don't you think your -- >> i think you're right, i got to tell you. i am a fan. i believe that she will be a great figure not unlike the harry potter movies. this is a franchise i think can go higher. get ahead when that movie comes out. and, yes, i will be there opening night. steven in new york. steven! >> caller: hey, long island booyah to you. >> what's up? >> caller: i need your opinion on excelon corp, exc. >> 5% yield. a lot of people don't like that because they don't see the stock going up. that's not why we buy stocks. we buy them because we like the fundamentals.

i like the fundamentals. let's go to evan in florida. evan. >> caller: booyah, team cramer. i'm not allowed to make decisions about my ira without permission of my wife. we have shares of terradata. she wants to ride the wave, i want to cash it in. >> i'm never going to stand in the way of someone -- no one ever got hurt taking a profit but it's big cloud play, it is really, really terrific. big data is big, it's back. emc, vmware, all those are good. i like teradata. let's go to rick in illinois. >> caller: what can you tell me about call? >> i knew daniel from way back. i do not follow the company magic jack and i don't know the answer. i don't know how well magic jack is doing and i can't offer an opinion.

i'm sorry. and that, ladies and gentlemen, is the conclusion of the lightning round!

how would you like a speculative way to play the rally in financials that unlike domestic banks give you the notation of a big dividend? i'm talking about bgcp. it organizes trades in various financial products like bonds, foreign currencies, equities, credit derivatives, interest rate swaps, the better business is for bgcp, plus they're building up a thriving real estate advising and brokering business. i think we have to learn more about this company because we find that outsize yield compelling. they just reported february 24th, results were solid enough. we have to dig deeper.

let's learn more about his company and what's ahead. mr. lutnick, welcome to "mad money." i know howard from a lot of charity events. he and his great team rebuilt cantor fitzgerald and has done a tremendous amount of clarity work. that's how we know him. i think of you as cantor fitzgerald. explain what bgc is to cantor. >> once upon a time they were all one company. after 9/11 we split the company in two, picked bernie cantor's initials, bgc and took that company public. we hired tons and tons of guys to rebuild and we're in the wholesale brokerage business. we don't own the stuff, we don't make money when it goes up, we don't lose money when it goes down, we just love volume. >> that's exactly what dodd frank wants. the dodd frank world is probably good for you versus all these other compliance bankers. >> it's a present for me. you knew someone would be happy with this kind of stuff.

we love deficits. the more the government prints the more fund there is to trade. we love government bond printing. >> now volumes across the board for everybody whether they be goldman, whether they be for morgan stanley or for you, volumes are weak in this business. i think they can get stronger. i need to know how do you feel about what's your confidence level about that fabulous yield? >> i am confident that the dividend is safe. i just said it on my conference call. that's how we feel. we feel we don't use capital to buy and sell stuff the way a bank would. to us we think you distribute the cash. remember 37% of this company is owned by the employees. you make your employees happy, you send them cash. we pay cash to our employees, 17 cent dividend, each quarter, 68 cents for the year and 79% is nontaxable.

we have a great structure. so you'd have to yield like 16% if you bought like a fully taxable bond to be the same. >> just so you know, people, if you go through the excellent presentations of bgc, you'll get the tax equivalent yields. it's much better than the already outsize yield that you have. >> absolutely. >> now, i'm trying to understand the move into commercial real estate, how important it is and why i associate cantor with great financial trading. why do you think that expertise can lend itself to commercial real estate? >> a while ago we got into commodity space, energy. we're brokering energy. we would say, well, we're hanging up the phone and there's a shipping guy and he's brokering the energy. why don't we go into shipping brokerage? we said we love brokers so what's a great kind of broker, commercial real estate brokers. you know who the largest client base in the world is? financial service firms. i'm walking around the same executive suite with the same clients, right, guys i do business with every day.

so you know my guys said the best real estate broker in new york is now, it's me because i know the head of all these guys, all these banks and they're going to do business with me. >> can you keep the employees? as grub and ellis went bankrupt, i have to believe some the hitters left. >> a bunch of hitters already left. when you buy something out of bankruptcy, the price will be lower. we are an infrastructure firm. grubb and ellis, we're going to build it up and buy it right. >> now, howard, you have a huge business in europe, both opportunities because the big banks out there have really dropped back but also the fact is that things are weak. they trade a lot of government debt over there. i have to believe they have a lot of stuff for sale. is europe a place that you are looking for as opportunity? would you like to be smaller in europe? 46% of the revenue. >> you got to love europe. remember you read the newspaper -- >> no one else does so you have to be careful. >> greece is in crisis. we like crisis.

if greece was lovely, no one would be trading greek bonds. now it's mayhem and they're going to bail them out and issue euro bonds, sort of like u.s. government bonds, more stuff to trade and play with. we really, really like europe because it's in upheaval. what am i afraid of? boring fridays in august. i like chaos, crisis, issues, because it makes the market churn and that's good for business. >> one last question. credit default swaps. do you make markets in those and would you tell clients, listen, i don't like that market given what happened in greece? >> we help people do their trades. we don't make markets in it. so when it busy, it's good. credit default swaps are great business for us. can we lose any money? absolutely not. we just work for everyone else, helping them do their trades, that's why we have a safe dividend and such a big payout. we don't own the stuff, we

paying out the dividend to our shareholders. >> they're dry cleaners. they do the stuff but they don't keep the merchandise. thank you, howard. go read the presentation. this is a very, very transparent organization. you can learn everything you need to know. stay with cramer. >> coming up, bank on it? the most hated and troubled group of stocks about to reverse course and come back in favor? we're in the final stretch. but there's more to come as cramer leads the pack in the final no huddle offense.

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what if the banks really are back? what if they begin to get revenue growth? what if they can control expenses and raise some fees? some of the industry's big black eyes are vanishing. every one of those traits was on display today. it was a show of raw firepower that indicates hope for the next leg of the rally based on these well behind the market stocks. this morning citigroup raised price target for jp morgan. the reason? expense control. when was the last time you heard these banks can rein in their expenses beyond firing people? jp morgan is now breaking out. or how about bank of america? putting in new fees to recoup costs to the modern day customer who wants more and wants it now. the last time they tried to

raise fees, it was almost a failure. we then chose to believe it was impossible because what amounted to a social media uprising against the bank. now it looks like bank of america has figured out a way to get away with it. i cannot even imagine how much money they can wake or how much wells fargo or jp morgan can take in with a fee jump. i thought fees would be already raised to offset demand. dodd frank made you feel they couldn't do it either. it's happening. how about goldman sachs got a notice about a civil investigation? there was a time goldman would have opened sharply lower and stayed lower. this time the stock rallied. it's trading above its tangible stock value. it's amazing it went up. and consider that there's loan growth, particularly in the

commercial real estate market. loan growth is where the banks can make a a lot of money, particularly regionals like sun trust. bbt, another one. got some data today that showed foreclosure sales starting to drop as a percentage of total sales. that matters because foreclosure sales have kept a lid on the prices of homes. the vast resources needed to deal with foreclosures might actually diminish over time. yes, there's foreclosures, but if they don't have a flood of them, they can do better. the banks are underowned. they're hated but the time may be coming when both these trends reverse and you can make more than just the tiny incremental gains we've had so far. in short, stop selling the banks. start buying them. stick with cramer.

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[ leanne ] appliance park has been here since the early 50s.

my dad and grandfather spent their whole careers here. [ charlie ] we're the heartbeat of this place, the people on the line. we take pride in what we do. when that refrigerator ships out the door, it's us that work out here. [ michael ] we're on the forefront of revitalizing manufacturing. we're proving that it can be done here, and it can be done well. [ ilona ] i came to ge after the plant i was working at closed after 33 years. ge's giving me the chance to start back over. [ cindy ] there's construction workers everywhere. so what does that mean? it means work. it means work for more people. [ brian ] there's a bright future here, and there's a chance to get on the ground floor of something big, something that will bring us back. not only this company, but this country. ♪ i like the way the market came back from the abyss that we saw at 3:30 when we heard a rumor there was a giant saudi pipeline explosion. the transports, i like the fact thhe