ater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. 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. i promise to help you find it. "mad money" starts now. hey, i'm cramer! welcome to "mad money." welcome to cramerica. my job is not just to entertain, but to teach and to educate. call me at 1-800-743-cnbc. we cannot -- we cannot afford to lose the consumer. we just can't, or else we'll

have more days like today. where the averages got scalded. dow plunging 131 points. nasdaq declining .41%. that's precisely what happened this session. the market said with this particular pummeling that the consumer is on the ropes. don't have enough good things happening away from the consumer to keep the averages at these admittedly lofty levels. how do we know this? simple. because of a slogan. a slogan many of us are familiar with. macy's has everything. and today for first time in four years macy's reported sales and earnings that were disappointing. and the company's too good, too well run and with to big a breadth of merchandise not to worry about the short fall. macy's has everything, and from the looks of it, not a lot of everything selling. that's the last thing we want to hear. my current thing, we're losing the leadership by the day.

we know ever since the mortgage spike, remember the spike at the two-year high, the housing market, they're nowhere to be seen on the new high list. they're more likely to be found hovering near the low list giving up some hard fought gains. i know mortgage gains are up from historic lows and housing is more affordable than in 2006, but that's not enough anymore, people. there are many sectors that depend on housing for oomph and it's palpable. we have had terrific runs. many applies as paints, woods, mortgage insurers, any further increases in mortgage rates and this that -- they're only a hair's breadth from going higher. no wonder we saw -- still more things and even stanley and black & decker reversed and declined today. you get the sell-off in housing. you're going to see some declines in some bank earnings and financials are the largest

group on the s&p 500. that's something to watch too. which makes macy's which fell more than $2 today so potent and negative. they sell housewares and bedding, products by companies that have done quite well and they sell apparel. one of the strongest groups in the last year. macy's sells beauty products and accessories. products made by more companies that are near their 52-week list of fossils, kors. then on the low list should we not be looking at these categories as suspect? i don't know. maybe too damning, but let's say we're concerned. now, if we were so worry and macy's, why didn't the market take a huge header here instead of just a dip? like a big percentage and a half decline or anything. leadership, just a few groups today. so the mineral stocks data shined. this is market that loves to cut slack. no sooner than macy's reported the numbers than yours truly explained the macy's problems, maybe they're temporary.

you can call me al for the company. i think the bankable ceo of macy's, we had him on the show. he said an abnormally cool spring hurt sales. the back to school season got off to a strong start. so maybe the sales will be made up. however, we have to recognize there are head winds out there that transcend the weather. i'm going to tick down the negatives here. consider all these negatives. the sequester, unemployment insurance payment cut backs, payroll tax increase, furloughs, scary headlines, rising interest rates and mortgages and higher gasoline prices. you're kind of shocked that the consumers are spending at all, aren't you? given that we are consumer spending driven economy, that portends badly for many forms of spending, from dining out, to autos.

we have heard had a lot of weakness to travel and apropos of that, we have a hard number from seaworld today to autos. we have got plenty of retailers left to support and they have been taken down a notch because of macy's. if your condition is not shaken a tad by this disappointment, you're too bullish. why not take a huge swath of the money instead of the smaller schnitzeling. first, the fed chomps at macy's too. believe me, ben bernanke and company looking at the same data we're looking at and second, europe, japan and china. continuing to provide tail winds. not head winds. with still more data signaling today overnight that things are getting better, not worse. hence why the mining stocks can have a better day. those are generals with no armies behind them, they had no oomph. keep an eye on that. with the decline comes yes i have to say it because it's been

right for the last 8,000 points -- opportunity. i have been waiting for it since the drug stocks to come in, but they have been overshadowed by the consumer stocks. here comes j&j. putative leader of this whole market. with the blow to the airline accommodation, will come more orders for planes because more competition among airlines means more planes on order. boeing has been stalled here, but if it comes down more, you can count me in. oil has been resting but with worldwide growth coming back you have to get more in the growth, don't you? fifth, let's not forget the real sore point. sure, cree got annihilated today. expectations got too high. speaking of expectations getting too high, the same thing happened with cisco which depreciation more than 25%. and pretty stunning. producing a shocking 10% decline

in the stock after hours which by the way my charitable trust owns. let it sort out. i urge you to keep in front of you what the ceo of the tech supermarket told us last night on the show. orders for -- he has 100,000 customers, orders are better than expected. prices for storage devices, they're stronger not weaker despite cree. despite cisco. there's nothing wrong with a little tech leadership, notably apple. brought on by some shrewd buying. more on that one later. finally, a funny thing happens when stocks go down. they get more attractive. and they have been weaker for a couple of weeks. i think there are plenty of managers who are looking to get in. those guys are circling back to the companies that reported good numbers a few weeks ago and then were promptly shot out of reaching the upside. it's providing some nice entry

points for a lot of quality merchandise. so here's the bottom line. when macy's disappoints, well, we have to be concerned because macy's is a national barometer of the american consumer. you simply can't be as bullish as you were before you heard the news. we don't want to lose the consumer. the news should make you more cautious until we either get some better macro and corporate numbers or we get lower stock prices. we'll get one or the other. perhaps you should prepare for both. michael in illinois, michael? >> caller: hi, from chicago. i'm michael. >> yeah. >> caller: jim, an irish-dutch-polish boo-yah to you. it's a melting pot here. i have a similar sized company in beazer and i was wondering if you have an opinion about it. >> yeah, i don't really care for it. look, i talked to stephanie link today, and we were saying, geez,

if we were going to buy a home builder we will buy toll brothers. hey, john in illinois. >> caller: hey, is this jim? >> yes. >> caller: this is john from peoria, illinois. big boo-yah, buddy. >> what's going on? >> caller: not too much. i know that china is having a slow recovery. i need to know if you think that caterpillar stock is going to drift below $80 a share, and also case new holland outlook? >> let's go into these. i like agco, which did better than deere this morning. caterpillar really took a lot of the expectations out of the stock when it reported so i think it will have a hard time going below $80. it's not my favorite. i'm waiting for cummins to have

a pull back. that cummins 12 liter natural gas engine is such a bargain. let's go to christopher in florida. >> caller: hey, jim. christopher from tampa, florida. how are you doing? >> good. how about you? >> caller: not too bad. but unfortunately, macy's didn't make my day. >> no. didn't make anybody's day. except maybe gimbel's. >> caller: exactly. retail seems to be doing that all over the place. my question is concerning sears. with regard to, you know, basically every retailer being hit, i decided to go the opposite way on this when i learned a long time ago that they were starting to try to like get into the internet and they were diluting a little bit. i figured i could catch them on the put option. so right now i'm holding a couple puts at september 44s. i was wondering if i can expect a lukewarm reaction on -- >> i don't know.

i don't know what the edge is. sears isn't doing that well, j.c. penney is trading up after the bell and if they're doing better, maybe someone buys a little sears. i don't know that situation. maybe a quality retailer, long have -- versus -- it doesn't trade like a good short. i don't like to shop there. in retail the customer comes first. in the market the consumer comes first. macy's, it equals using caution. and so we see some signs that are macro numbers, maybe employment. let's be more cautious. "mad money" will be right back. coming up, level the playing field. two traders charged with fraud after costing jpmorgan $6.2 billion, but what can be done to make sure you're protected?

don't miss cramer's take. and later, great white? shark week is over, but have no fear, chart week is here. tonight, the turbulent waters surrounding apple. recent rebound, iphone rumors and the eye of an activist investor have put it in the center of a wall street feeding frenzy. and now, cramer's diving in to check the technicals and make a critical call. plus, medical might. cancer battling biotech immunogen has pulled back from its recent highs after earnings, but it's powering higher today. can its targeted therapies keep the stock on the right track? don't miss cramer's exclusive with the ceo. all coming up on "mad money." don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a

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well, the financial world changed because the u.s. attorney for the southern direct of new york charged some key employees at jpmorgan with fraud and a conspiracy to hide losses. every prosecution is a deterrent. anything that makes potential fraudsters think twice is a win for you and a win for everyone. it's terrific that the government is pursuing this kind of activity which frankly really isn't any different than a division within a company that kept two sets of books. disorganized crime. it's easy to suggest the whole enterprise might be corrupt. they made misjudgments throughout the company. they told you that. however, when jpmorgan found out about the second set of books about the second set of books it did go to authorities and they said, authorities, please investigate this issue. with the top executive did wasn't criminal. just stupid. and like it or not, can't prosecute people for stupidity

nor can you game fraud. there are always going to be people who try to get over on the system, to conspire and steal money. billions and billions were lost. if you believe the indictment these alleged crooks still billions in market cap from the institution which was ill equipped to discover the second set of books and was way too trusting. still this kind of behavior will happen again and again. it's human nature and no prosecution is going to stop human nature. all prosecutions can do besides punish humans after the crime is committed is to put fear in the other crooks and putting people behind bars is a for real preventive. if you increase the odds they'll go to jail, there are fewer frauds committed. that is good. but there's also a systemic problem here. systemic problem that this case illustrates but doesn't solve. the amazing thing about the whole imbroglio, lots of smart people couldn't detect that

something was wrong. even though billions of dollars were at stake. that's because the market that the alleged crooks played in is totally opaque. as someone who's traded or involved in this case, i can tell you there's way too much guess work about what they're really worth. the alleged fraudsters could get away with having two sets of books because nobody knows which set is the wrong or the right set. no one can figure out what the heck they were worth. that's why it was so easy to commit this kind of fraud. it's why i want all derivatives traded publicly on an exchange for all to see. it can be advantageous for the client. and in other words you can rip people off in the dark. you can't rip them off in the sunlight. you want to prevent this type of individual fraud, you prosecute. you want to correct a systemic problem, you have to shine a light on this stuff. without that sunlight as a disinfectant you can't police this nonsense.

it was a sobering lesson to shine some light and not put up huge lanterns on derivatives. the top dogs as smart as they are can't spot criminal enterprises within their own four walls. if you want more crimes, keep the derivatives in the dark. even if the prosecutors get their men there are dozens more right behind them ready to commit the same fraud. bottom line, without a spotlight on the market it's just too easy for ne'er-do-wells to get away with this kind of chicanery. it makes us doubt any bank, no matter how big, how smart, how successful. jeff in rhode island. >> caller: jim, how are you? >> real good. how about you, partner? >> caller: not bad. big jeff, the dude coming at you from rhode island. i'm abiding. on the financial, the bank i have owned for quite some time. used to trade a lot higher. it's been on a run. it's been up about 150% in the

last year or so. used to pay a fat dividend. what's the deal with lyg, lloyd's? >> lloyd's is coming back. i trump you with royal bank of scotland. of course they're going to be selling some stock from the government, but rbs is better than lloyd's. bad guys getting caught is good news for you. derivatives, let's shine a light or put them out of business. after the break, i'll try to make you more money. coming up, great white? shark week is over, but have no fear. chart week is here. tonight, the turbulent waters surrounding apple, its recent rebound, iphone rumors and the eye of an activist investor have put it in the center of a wall street feeding frenzy. and now, cramer's diving in to check the technicals and make a critical call.

if this fabulous rally in apple for real or a fact that karl icahn announced he has a big position in the iphone maker? have you missed the move or does the stock have more room to run? tonight we're going off the charts to answer this question as part of chart week. again not to be confused with shark week. your tweets have been great all week. please keep them coming

@jimcramer #chartnado. here's one, memo -- okay to help inspire tonight's segment, wow, apple #chartnado. white wave is a great idea. if only starbucks would offer almond milk again, #yummy. thanks for the help. so tonight to figure out where apple is headed we're enlisting the help of a brilliant technician who put the queen in fibonacciqueen.com. my colleague at realmoney.com. i happen to like her stuff. when she told me this last week that apple is ready to roar i was all ears. it's already rallied 40 odd points, but she thinks this move could be much, much bigger than that. meaning apple has a lot more room to run before this rally peters out. and you might get a chance to buy apple down because some people are disappointed with cisco. i understand. why is the fibonacci queen so

bullish? she sees signs that apple has experienced a momentous change that's gone out to raging bull mode. remember that broaden's school of analysis is based on the arcane, abstruse work of leonardo fibonacci. he discovered a system of ratios that occur over and over in nature. 28.2%, 61.8%. please google this, you'll see it all. according to the modern day adherents they show up in the natural world of the stock charts. she looks at the past swings and for the retracements of moves that hit the key fibonacci levels or extensions that do the same. and what she found in apple was five, not one, but five fibonacci price relationships that cluster between $3.86 and hence why she nailed the darn

thing. the fibonacci floor of support has held twice with the stock bouncing really hard. look, a very big bounce. i mean, the compressed area because the chart is so big. more important though, broaden finds when you get a cluster of these fibonacci levels all together, it means that the stock can change course in a major way. since the low in april, it's already rallied more than a hundred points and broaden thinks this could be the beginning. everyone is thinking i got to take my profits and ring the register. it's not just about price. remember, there's the price that on the "y" axis. and then on the "x" axis there's time. and broaden's methodology also works in terms of predicting not only at what price a stock will change price, but very helpful when it will happen. check out this daily chart of apple. just as broaden measures the size of past moves and runs into the fibonacci filter she measures the amount of time between past highs and lows and

multiplying the results by the same fibonacci ratios we talked about earlier. to give you an idea of how this works the last big rally in april lasted for 87 days. okay. 87 trading days. keep these numbers in mind. i put these two up there. 87 days from may of 2012 to september of the same year. okay? when you multiply 87 by 1.618 -- remember, that's a key fibonacci ratio, you get 142 days. that's one fibonacci time cycle and apple would decline in 142 days. that's where it stopped. i mean, can't make this stuff up. it's just too right too often. well, broaden made a whole bunch of these and she found a cluster of seven different time cycles and suggests testimony come to the end between april 28th and april 3rd -- 141 days after the move down started. one day short of the target we talked about. however, all this happened months ago.

but that's all rearview mirror. what's the relevance to apple now? simple. whenever she sees a cluster, it tells it it's likely that the stock will see a major trend reversal. according to the fibonacci queen the low that apple made back in april is critical and it's a lot bigger than the one we have seen. we have seen a monster. since then, more signs that convince her this run in apple is for real. look at the other version of the daily charts. it's a ton of grist for the bulls. first of all, this is a more traditional chart work. apple made a double bottom when it retested the april low in june. here's one bottom and then the second bottom. and then the support held. since then the stock has been en fuego. apple's average crossed above the 13-day moving average. this is what's known as a

bullish crossover. just the 5 and 13. look at the red and the blue. this is stronger than the longer term trajectory. and then apple crossed the 50-day moving average. something a lot of chart oriented traders followed in late july and then this past month, it broke out above the 200-day moving average. another super bullish time for charts of all stripes. 200 day being right there. okay. plus the latest move up apple has now rallied further over a longer period of time than in every other rally since the stock peaked last september. hmm. this is a big deal for broaden. until this latest rally, apple's largest move higher since september was $88. and apple has now rallied for many more points over a much longer period of time. this too suggests to broaden that the current move is different from the brief upward swings and so if she is right -- are you ready for this, apple is back in bull mode. how high can this stock go? let's take another look at the weekly charts to see her targets. based on the fibonacci

calculations she thinks that apple likely at a minimum will to go to $561 to $582. when she projects higher from the april lows she actually sees apple making new all time highs and rallying all the way to $792. i think that's a stretch. but she did nail the bottom. but she did nail the bottom. but she did nail the bottom. i think again, stock can be down tomorrow because of cisco. the company does a huge amount of business in europe and we've seen a real turn across the atlantic and they're trying to come out with a new iphone. everyone thinks it's a bomb, but no one has seen it. it has the fuel it needs to continue. even on the chart it suggested that the stock can go much higher which why you should buy

it into weakness tomorrow morning. all i can say is i agree. and so does karl icahn. this morning i praised icahn's nemesis ackman on "squawk on the street" for being a cool looking guy and i said i was bummed he wasn't following me on twitter. icahn reached out to me that and he said he'd follow me on twitter. i do want to correct karl, he pointed this out to me about his appearance. karl, you're right. you're every bit as good looking as ackman if not better, especially for your age. there. dan in washington. >> caller: hey, jim. i have been calling you since 1999. i own mastercard thanks to you. i've done homework on fusion io. i don't have a position yet. but i read they turned $42 million in cash and they're one of the leading atomic right cloud computing companies. what are your thoughts? >> this is too speculative for me. i have great technology companies that are selling at low levels and i do not need to

fool around with fio. it's too speculative. i have companies at 10, 11 or 12 times earning that are very good. let's go to marty in texas. >> caller: a big boo-yah from dallas, texas. i love your show. >> dallas, huh. >> caller: i want to talk to you about tivo. we're disappointed when the losses came in, we lost $200 million. are you convinced that there are enough small or medium sized operators and they'll grow in this market? >> tivo doesn't interest me that much. i know this lawsuit, people are playing it, not playing it. i don't see a lot of growth in tivo. i know it's a value proposition but i like growth in technology. you know, maybe the company has a lot of growth. i don't see it. david in california. david? >> caller: hey, jim. boo-yah from california, san diego. >> how are you? >> caller: i want to get your take. i'm doing good tonight. i want to get your take on rambus. >> another one i don't think much of.

they don't have the kind of growth that i want, it's involved in a lot of lawsuits. no. may i suggest if you really want that channel, go to texas instruments. that'll be down tomorrow off of to cisco. you know what? buy cisco at 22, 23. we sold some higher. that's a better buy than rambus. apple has been in choppy waters. broaden she did call the bottom. she says it has much further to run. stay with cramer. jim cramer, you're one of my heroes. >> i look forward to your show every weeknight. >> thank you so much for helping beginning investors like me. >> when you talk about the markets, i just believe you're spot on. >> i love it. thank you so much. every night we watch you. i have learned and earned.

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"lightning round" is sponsored by td ameritrade. >> it is time. >> it is time for the "lightning round." >> buy buy buy!

>> and then the lightning round is over. are you ready? time for the "lightning round." let's go to dave in north carolina. >> caller: boo-yah, jim. i want to thank you for all you do. you're awesome. your staff is awesome. my kids watch you every night and they want to invest in money at a young age. >> thank you. we have a fabulous staff and you're very kind. >> caller: yes, sir. my question to you is i know you talked about rite aid a lot. people calling about rite aid. it keeps going up the last couple of days. i'm bullish on it. >> look, the group is very strong. i happen to like cvs below $60 and walgreens below $50. rite aid is good. rite aid is more expensive. it's an okay situation. the group is strong. rite aid is back. i need to go to mark in florida. >> caller: jim, great to speak to you really. >> thank you, mark. thank you. >> caller: i'm calling about the

stock called smp -- standard motor products. i had it for a while. it was the gift that kept on giving and it missed expectations. i sold it. should i -- >> no, that's okay. look, one thing that's happened, whether it's trw, johnson controls or lear or magna, that whole group has gotten so hot. if we get one little auto number that's not so good, then maybe you go back in. because it's the auto stocks, they're one of the remaining places that hasn't been hit yet and yet, what we saw from macy's, they could be next. let them come in. i need to go to steve in new york state. >> caller: boo-yah, dr. cramer. how is it going? >> good, how about you? >> caller: what's your take on e cigarettes and lorillard. >> some dude was doing one in a bar. apparently it's like legal. i didn't know what to do. i don't want to buy these

tobacco companies. i think that they don't give you the kind of yield that i like anymore. 60% i like the other thing, but the e thing, let's ban that. i don't want that next to me. a political statement. let's go to kerry in texas. >> caller: hi, jim. thanks for taking my call. i value your insight. >> sure. >> caller: i have owned lockheed for the last couple of years and i still like the stock long term, especially the dividend, but it's had quite a run and i wonder if it's time to take some profit or if there's still more to go with? >> here's my problem. i'm going to -- this is my dilemma for lockheed and a bunch of other stocks. 125, 123, so let's say i say ring the register, then it goes back to 118, i'm saying buy it back. i don't know what to do. it's moved up a lot. if you want to take a little off the table, that's fine. but if it got back down, i'd say, listen, be backing lockheed. that's my problem with telling

you to sell lockheed. it's too good. would love the ceo to come on. let's go to chris in florida. chris? >> caller: hey, jim, boo-yah. >> boo-yah. >> caller: i'm invested in this stock nq mobile. i really like the fundamentals of this company a lot. what's your take on this? >> i don't know. i don't know. i don't nq mobile. not quite mobile for me. i have to do some homework. and that ladies and gentlemen, is the conclusion of the "lightning round." >> the "lightning round" is sponsored by td ameritrade. shark week may be over, but chart week is just flexing its fins. cramer is diving in to find you stocks you can sink into and spotting the dangerous predators you need to avoid. it's chart week on "mad money."

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gains in small somewhat speculative biotech stocks. think onyx, seattle genetics, immunogen. well, one of them hiccups we have to only make sure it's a speed bump and not running into the retaining wall. take immunogen. here's a company with a targeted anticancer platform that's supposed to search and destroy tumors without hurting the rest of your body. in chemotherapy they basically carpet bomb your body. and they're working in partnership with roche and it's not particularly favorable for them. however, immunogen has a pipeline of wholly owned drugs, a small cell lung cancer treatment and couple of early drug candidates, one for ovarian cancer and the other one for lymphoma. they have given you a sturdy 36% gain, up 18% since we spoke to the ceo in late february. but earlier this month ubs came out with negative research

saying they're concerned about the toxicity of the pipeline and thus they put a price target on the stock. since then, they have pulled down to $17 and change. we want to give the company the chance to tell its story, respond to the doubters to find out if this is an opportunity to buy, which is why you're talking to dan junius about where his company is headed. welcome back to "mad money." how are you? >> good to see you. thanks. >> i wanted to frame it. you have had tremendous success with the drug. you said don't get too far ahead of yourself because we do have a royalty stream. let's hear about the sales before we go into it. >> they have gone very well. roche seems to be quite excited. year to date since it was approved in february of $87 million in the u.s. that's for one indication, just last quarter alone it was $67 million. that's the first full quarter of sales. we're still looking for approval in europe. you have other indications, so i think we're at the very early

stages. >> now, tell people at home exactly what percentage you have. i know you had to get going. you had a long history, and how at various levels what this could impact for earnings per share. >> yeah. what happens, the royalty structure, we earn from 3% to 5%, it escalates based on sales in the u.s. and the rest of the world. when you think of the potential for the drug, i think over time as you get additional geographies, additional indications it can be a multibillion dollar drug. even though people can be critical of the royalty, the royalty which goes back to the license in 2000 which was when the technology was unproven. it will attract an attractive revenue for immunogen. >> you have a small cell lung cancer drug. >> yeah. >> these you own. there has been since you came on

last some reports of toxicity problems. ubs highlighted them. we thought we'd get the data in the fall, but looks like it will be pushed back to next year. should investors be concerned that this is anything other than just what typically happens with new drugs? >> well, yeah, it's surprising to see that type of comment because this is the process of drug development. you dose drugs until you find that it's more than a patient can tolerate. and then you back down to find what the right balance is between getting efficacy for the patient without having unacceptable toxicities. so it was surprising to see some of those comments. for example, that's our technology from the standpoint and the toxicity profile is more attractive than what patients face with today's drugs. i think it's the normal course of drug development. you dose to the intolerable level. that's what you're looking to find. then you come back and find what

the right balance is. so i think we're on a very good track with those programs. >> most important, it's the same platform basically. it's not like you're doing something so different from what you have had success in. so it's tinkering, not necessarily that you have to throw your hands up in the no go situation. >> that's right. the other thing you'll look for, are you seeing the same toxicity across all of the programs? and you really do see differences which says it's a combination of biology factors and other factors that are leading to the toxicity as opposed to being something you'd characterize as being systemic to the platform. >> the group has been red hot. you have a ton of money. you have $195 million. you have operating expenses that are well under control. is this a good time to raise money, or because of the cash hoard and the world agreement you have you're in good shape. >> well, we think we're in good shape. we have said that for the three clinical compounds that we have right now that we have the cash that should be able to take those to proof of concept. when you get to that point that

opens up a wide variety of alternatives to raise the money that you're going to need to get them to registration. we don't have the cash to get them all the way through registration. but whether it's off of proof of concept, you raise money because now you have a much more valuable asset or you look at some form of partnership where you retain a significant portion. but you bring someone else in for a geographic sharing and you have those opportunities. >> when i went on the website for the ovarian, it's got these hospitals that are doing the tests. these tests are ongoing right now. >> they are. >> not just something in a lab. >> no. with three of the compounds, those are testing patients today. as a matter of fact with the small cell study we expect to enroll the rest of the patients that we need for that by the end of this quarter. the only one that isn't dosing patients is a new compound that just came through the fda where we received approval to start testing patients. we'll start testing those

patients by the end of the year. that's a very exciting compound that will give us four active compounds. >> to me, i'm glad -- i had to give the story. you gave the rebuttal, i like what i heard. that's daniel junius, ceo of immunogen. go check out the website, read the conference call. you'll feel confident the way i do. after the break, we'll try to make you more money. [ male announcer ] come to the golden opportunity sales event

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please don't go into full paper tantrum mode. wipe your tears. pull yourself together. because even though the dow is in the red you have the nice silver plot lining playbook in your portfolio. as long as you listen to me. it's called diversification. you know what? it can keep you from bursting into tears. so let's put your pics to the test and get to my favorite game. am i diversified? you call or tweet me and i tell you if your portfolio is diversified or not. let's start with a tweet, who

writes am i diversified, my portfolio consists of pat's cheese steaks, geno's cheese steaks and tasty cake. man, i got to tell you something. not only are you not diversified but this one is sold tomorrow. okay, sell this tomorrow. this is one where i celebrated, we celebrated pop's 91st birthday. i want you to double down on this one and these, i lose another 15 pounds and i'm going to have some. let's go to mike in pennsylvania. mike? >> caller: how you doing, jim. big philadelphia boo-yah! >> well, i'll give you a geno's boo-yah, not a pat's boo-yah. >> caller: all right. i want to know if i'm diversified. my five stocks are j&j, dis, smu and xrx. am i diversified, jim? >> no. okay. xerox is tech and micron is tech.

say goodbye to xerox. micron has a very hot hand. j&j down two bucks today, i'm not worried about it. disney, they didn't rain on disney's side. iger is delivering on seaworld. we have auto, entertainment, drug and tech. why don't we add a -- wow. this is hard. you know what? i'm going to add -- i'm going to add a defense stock. we'll talk about that lockheed martin. i like that stock at 115. let's go vidy in massachusetts. >> caller: hey, jim, big boston boo-yah to you. >> nice. bosox booyah. what's up? >> caller: things are great. it's a perfect day outside, the market has been on a tear. couldn't ask for more. >> i like that positive attitude. >> caller: i also want to say i've been a big "mad money" junkie over the years. i want to take this moment to thank you for all your tips and guidance, especially for little guys like me. >> thank you. thank you. i got to go to boston and do

this show. i haven't done this show from boston for years. i want to get out there. >> caller: we're waiting. >> what's up? >> caller: so my top five holdings are apple, british petroleum, bp, the carlyle group, this one is -- you know, it concerns me a little bit. duke energy and at&t. >> wow. this is good to see some new names here. bp, you hear that the company needs a little bit better jurisdiction down there in new orleans. inexpensive oil. apple, carl icahn, welcome home. my charitable trust owns its. at&t should come down because there's so much competition from sprint. duke energy is fine. carlyle group, i prefer blackstone. we have telco, oil, tech, it's terrific in beantown. stay with cramer.

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