>> i'm allergic. >> garbage. public services. a nice double-short term. rsg for a trade. >> i'm melissa lee. thanks for watching. we'll see you tomorrow at 5:00 for more "fast." "mad money" starts right now. m with jim cramer starts right now. >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always somewhere and i promise to help you find it. "mad money" starts now. >> hey i'm cramer, i'm trying to save a little money. call me. few groups matter as much to the stock market as the rea tail sector. the visibility, the universal appeal of the group, everyone shops in this country. can impact the entire psyche of

investing because when retailers weak people assume the whole market is weak too. something again happened with the dow falling 65 points. yes and nasdaq, .09%. not a lot of retail on the nasdaq, therefore trying to figure out what the heck is going on in retail and determine whether it's right this group should be having a big impact as a whole. these are two different questions and need to be addressed separately. let's deal with the proximate cause, the elephant in the room. the very poor numbers from best buy. there was a time when best buy would have absolutely killed that, the kind of shortfall report the this morning, with shares barely down, .9%. and some softer gross margins but not deadly. this shortfall sent best buy down a staggering $10.74, nearly

29% wasn't just any miss. it was a miss that came on top of a remarkable turnaround. a turn that sucked in analyst after analyst until there was no one left to upgrade. that's quite a change from the unloved state a little over a year ago when best buy was trading only at $11. that was at the end of 2012. best buy stock is the victim of a process i wrote about in get rich carefully, it became too love, i tell you about how i made the exact point with well point. how universal this process is, in 2011, i got super excited because it kept getting upgraded and upgraded, one after another, wellpoint, 13 points ago lost his lure and got to point where the analyst community hated it. they thought the company would be a casualty of obamacare. once they took a close look at the affordable care act, they realized wellpoint far from

being obama road kill was one of biggest beneficiaries from the law. that's right. loath came to love. each analyst got on board taking, each time they got an upgrade, i was doing high fives with the trust corporate, so excited what geniuses we looked like. why not? each upgrade cost a short sale or two. the opening bell, again just like each upgrade at best buy spiked the stock. we decided to hold on to wellpoint, given all of the upgrade, the analysts had to know something, wasn't there something happening in the back room somewhere? wrong. just like best buy, wellpoint has been leave tating precisely because of each upgrade.

not because things were getting better at the store but because of upgrade after yaup grade. that rocket fuel propelled them higher, coupled with the shortsells and that -- that's what happened and it was finally spent. no more good news. best buy, got back beyond all reason and right back to 57 when trust brought it originally. i mentioned earlier, the short creates stability in the decline when they declare victory and close out the positions but the shorts in wellpoint had already covered and already bought back the stock they shorted because they couldn't take the pain of the repeated upgrades, just like you may not be able to take the pain of the repeated downgrades. there was simply no one left to buy and too many people eager to sell in the end. the analysts reacted to the same

information and same reasoning over and over and over again in a serial play. in the case of well ks point, it was the recognition that obamacare wasn't going to decimate the company. that's why they were recommending it. but the point is, all of these upgrades that kept driving the stock higher were about the same exact set of facts, just being done on different days. that's how best buy got so hammered today. almost every analyst had go positive. precisely same thing happened with game stop not that long ago. where analysts had fallen all over themselves to upgrade which caused the stock to trokt far higher than expected, much on the backs of short sellers, it became the lone survivor in the industry and benefitting from a new cycle of video game consoles. just like best buy, you got the come uppance of a 20% drop in a single session on tuesday.

in other words, this process repeats itself no matter what industry. don't take it so personally if you own best buy. now, let's talk about so we know how the process of what caused deep declines recover, how could the analysts be so wrong in the first place? that cuts to the second issue. the behavior of the consumer and that's what's gripping the psyche of the stock market. ever since the fall we've begun to believe they were spending aggressively on hardware at the time that they were sitting on apparel. not only had sales been better at best buy but home depot and william sonoma had good deals. now that these sis after what happened today -- because of cyclekalish yus or the unemployment number from last friday or cutoff from unemployment benefits and worries about obama care or is it because of secular issues.

and buying things on amazon or perhaps just perhaps it is the weird weather patterns that some companies reported and shorter holiday season because of early hanukkah and don't forget a thanksgiving too close to christmas. i talked to enough retailers to know there's been a considerable decline in traffic. that is for real. i don't think people suddenly stopped shopping. i think they may have altered the behavior of buying online. they've come to expect the cheapest prices. you know what, that's smart but also secular. for example, it's no coincidence that the best performing retailer was macy's, has an intier net strategy along with cheapest branded products because it has such clout and can drive the best bargains with those companies. the other top two, costco, it's the new frugalty people, just

like the generation that lived through the great depression, they changed their habits and want closeout merchandise from tjx that they used to find at the higher price department stores and want club prices by the will not be beat at any price costco. there is a missing piece of the puzzle that will confirm this trend, the one toward less traffic and more online and more comparison trafficking. it would be the sales of amazon which we don't know yet. i'm willing to bet they had a stellar christmas and great january because of its ultralow prices and because of the weather. if i am right, then something else comes into play, the relative cheapness, get this, of amazon, the stock, you have never heard those words together, versus walmart. the largest but perhaps the fall tering retailing. amazon has a market capitalization only $182 billion, 70 billion less than

walmart. maybe people are buying amazon which is the most asked question i ever get because it deserves to sell at the bigger capitalizati capitalization. the horrible december unemployment number explains a great deal of what's really happening in the retail picture. there's not enough jobs being created in this country. nor am i backing away from the fact there are other sectors doing quite well, hence the nasdaq could be up today but the bottom line is this, i urge you to accept the giant reset going on in retail. recognizing how the analyst upgrade process can create two great expectations and spending has changed perhaps permanently, or at least until enough retailers retrench or go under to eliminate the supply in a very overstored nation. can i go to larry in massachusetts. larry. >> caller: jim, happy new year and happy new book.

it's a treasure. >> thank you so much. >> caller: let me tell you, your mom is selling out there. well, it's deserved. from the book, you mentioned vf corp has the apparel play and i know that's a snapshot in time when you put the book to bed. city still over underarm or or nike? >> i will say that the companies that i picked to highlight there are precisely not the ones i'm thinking in your term -- i'm thinking long term. i think what eric wiseman is doing at vf -- by the way, manny is doing at pvh, will transcend what happened this holiday season. i wish vf were done so i could push it more aggressively. let's go to mike in new jersey. >> caller: what's happening captain? >> not much. how about you? >> caller: good. i appreciate that. my question is about scott's miracle grow, got in late 2012,

never came back. it's aggressively increasing dividend, which is good and bad. i like it, should i wait for a pull back? >> let me tell you about how i feel about scott's miracle gro. there are few companies i feel like i just many completely weather dependent upon and i can't recommend a stock where the weather plays such a big role. i'll tell you this, i'm a gardener and love scott's mir could gro. fz it raining in april or may, my garden isn't using stuff and that's what i'm afraid of. retail matters, that's one of the market's truths you have to accept. a reset is happening and that's just the kind of therapy, that we need. coming up -- lock it up from the data breaches at target and neiman marcus to the rise in cyber spying, it's never been a better time to protect your identity. can life lock secure your data and be your path to profits?

cramer talks to the ceo. and later, investing in decision, 403b, 529s, 401 k's. you've got questions and it's time for answers. tweet at jim cramer get a plan and get ready to see a different side of cramer's mind when he reveals his new playbook. plus, target cancer. galena is behind research to help end the recurrent of breast cancer. will the science support the stock's staggering run or could the trials come up empty. cramer talks to the ceo all coming up on "mad money." >> don't miss a second of "mad money" follow on twitter. have a question, tweet cramer, mad tweets and send jim an

e-mail or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. i jus, i combined home and auto with state farm, saved 760 bucks. love this guy. okay, does it bother anybody else that the mime is talking? frrreeeeaky! [ male announcer ] bundle home and auto and you could save 760 bucks. alright, mama, let's get going. [ yawns ] naptime is calling my name. [ male announcer ] get to a better state. state farm.

more than your personal data than ever is floating in the crowd. they had their credit card numbers stole bin hackers last month along with a similar data breach at neiman marcus, it's worth thinking how we protect our sensitive information and who wins in this information where no one's info is safe. i don't have zper tease in identity theft but i do know about stocks. lifelock provides identity theft protection services and sign up with them and the company will monitor your credit and identity related events. so they can alert you if you have any fraudulent activity. .in october 2.9 million subscribeds and i think that will go higher. let me be clear, lifelock is not

in the business of stopping something like the target hack. it's about alerting you to credit card fraud or identity theft. if your identity gets stolen, the company will spend up to a million dollars on lawyers to investigate the situation. the latest quarter was already a blowout. they earned 12 cents a share when they were only expecting 11 and billings were 32% higher. average revenue increased by 12%. plus 40% of those new customers signed up lifelock's higher priced ultimate product. after the target story i'll bet the next quarter they report will over a month could be even better. lifelock just bought a company called lemon, giving nem a digital wallet card that stores your loyalty cards, i.d.s in your phone and new conveniently monitor your transactions for fraudulent activity. stock has given you 18% gains as i recommended in early november. now trading 43 times the

earnings system and on the other hand, the estimates are too low, stock could have more upside. let's check in with todd davis, the ceo of lifelock to find out more about his company and where it's headed. welcome to "mad money". >> thank you for coming on the show. >> glad to be here. >> we're not done here with the target, we keep hearing there's another big one out there. >> what we see and what target brings to bear, the criminals know where the information is. they know who we have to share it with. and so that's where they target, no pun intended, the vehicle tors of attack change. we do hear there may be more out there. they are doing it at point of sale and to imagimagnify that ss also debit cards. what does that mean when they empty out your checking or savings account, this is where it brings it to the attention of the consumers. >> let's say i hired you and someone breached.

how do you layoff the risk? >> we're doing a couple of things. because in the back office what we're doing is intertwinned with 250 of the big enterprises, five of the top six wireless providers. when we see your information to get the new credit card or open the new debit card account or get a new wireless phone, before the transaction is completed, if we see it in our network, we ping you and say, is this you try to do the the new transaction. we give you the opportunity to say, hey, no, it's not, let's stop the transaction before the damage is done, unlike notifying you after the new credit card has been opened. >> i talked to a satisfied customer who said we still use lifelock and everyone needs a service like this. that said, what they do is simple, any time tries to get a credit card, you get an e-mail notification, chase, citi also offer these types of services.

what's different from yours and do they offer a similar service? >> it's very different. in the earliest days we weren't the technology company that we are today. we would see similar credit transactions and new accounts opened on a limited basis but now we see far more than a credit bureau would see. wireless accounts and by the way, the criminals know where the credit bureaus don't see. we're seeing those being able to alert you in real time, which is where the criminals go. let me get that new iphone 5s because i can sell that and turn it into money. we'll alert you, there is no way to do it yourself. there is no way for the bureaus to be able to offer that same kind of service because we are that technology and we don't ever sell your data for money. this is all we do. it is unique. we're the only ones that have that same visibility and capability. >> are you able to -- have you been able to alert authorities to people that you think -- and catch anyone?

>> we work with law enforcement. we go out and train law enforcement through somebody called fbi leader program. we trained thousands of law enforcement personnel because we're about beating this crime. we want to make it hard for criminals to turn it into money. if we can stop them from monday tiesing your information, this crime will finally go down. in the meantime, 13 years in a row this is the number one consumer complaint in america. >> how does lemonwall et work? >> it provides us the ability on your mobile device to give you that convenience and security. store your card so if you were to lose your physical wallet, you have a digital backup. we allow you to upload and monitor your transactions. if you happen to be a victim of one of these data breaches like at target, what are you worried about? they are telling you watch your

transactions. we can allow you to do that at your convenience whenever you want. between our alerts and the fact that we have that million dollar total service guarantee, it really gives people the piece of mind to live freely and in this connected world even when there's data beaches, at the convenience of your cell phone device. >> the banks always say don't worry about it, you're protected, we won't nail you for that, is it not true? >> it it's your credit card -- as long as you notify within 30 days of the billing cycle, they reverse the charges and can't hold you libel for more than $50. if deplete your retirement act or checking or savings account, we're the only ones saying we'll be there for you. you can't call the bank, somebody took out $500,000, can you reverse that and put it back in? they are going to say no, if they have the credentials then this is like someone going to an atm and getting mugged.

we as the bank are not responsible. we will be there for the life g dglock customer. >> todd davis, ceo. maybe they do something better, make sure someone doesn't steal you. it's the one thing you must do before you ever invest a penny. cramer reveals it when he cracks open his playbook next.

that it's given me time toabout reflect on some of life'seen biggest questions. like, if you could save hundreds on car insurance by making one simple call, why wouldn't you make that call? see, the only thing i can think of is that you can't get any... bars. ah, that's better. it's a beautiful view. i wonder if i can see mt. rushmore from here. geico. fifteen minutes could save you fifteen percent or more on car insurance.

i've always felt we do people a huge disservice in this country because we don't teach financial literacy here in america. i don't know, maybe i'm crazy for believing knowing how to handle your money is way more important as a lifeskill than high school chemistry or dozens of classes you take in college that have no relationship with the real world. starting tonight rkts i'm going to run a segment every week called cramer's playbook. i help you figure out the financial basics and help callers and tweeters come up with plans for saving and investing. check out your money.cnbc.com. good stuff up there. i want to answer an incredible important question we don't address nearly enough here. as i was per using through the

hash tag get a plan tweets, the younger viewers out of college want to know how they can get started in savings and investing. take a look at this tweet from at count underscore doom,hash tag get a plan. what would you suggest as a starting point. here's the thing. you know i believe the stock market is the greatest wealth creative engine in the history of the universe. and i'm relent less touf exposure to the market, even on ugly days. you know i think it's possible for regular people to beat the averages by doing their own homework and picks stocks of five to ten names. i can demonstrate that over and over again. as much as i absolutely adore the stock market, the truth is, it's not for everybody. i'm not talking about your

disposition here or willingness to do research or anything like that. i'm referring to cold hard, and brutal truths that make investing in stocks pointless, unless you already have a sound financial foundation. think of your stock portfolio and your retirement savings and 401(k) plans and iras as being like a house. before you can build investments you need to make sure you have foundation that is actually sound and not this -- >> the house of pain. >> if you don't have finances in order, you could make huge gains and they'll get eaten by debts and expenses. first thing i would say, be sure you're actually ready to invest in the stock market. a lot of people aren't. i'm not criticizing anyone's character here. anyone willing to do the work can make a killing in stocks but only if they are not losing a fortune elsewhere. with that in mind, let me give you what you absolutely have

before you start putting your money into stocks, before. do not get started investing until you've paid off all of your high interest rate debt. okay? all high interest rate debt got to be paid. i'm talking about credit cards here, people. nobody wants to hear this stuff but it's my job to be your financial coach. and the truth is, as long as you keep a balance on even one credit card, you've got no business investing in stocks. you're wrong. i used to feel like you and feel like you don't need to tell me this, right? isn't that how you feel? sometimes it seems like everybody in the universe is telling you to cut up your credit cards, whatever the people are saying, it doesn't seem to be working. let me layout the bare facts, the average rate is about 15%. that means if you're carrying a balance it's going to gobble up your money at the pretty rapid pace. i know you're thinking, cramer, s&p 500 last year dividends up 32.3%, much more than you would

be paying on truly extortion credit card and it is true that in 2013 your gains would have outpaced any losses from paying interest on credit card. but 2013 was an incredibly good year and 2012 it was up 16% and 2011, 2%. it would have canceled out any dollar invested in the market or worse. before you buy stocks build a foundation by paying off credit card debt and paying your balance in full every month. if the stock market is an incredible capitalism engine of credit card debt is a vicious tool of wealth destruction. let me point out it's perfectly okay to invest in stocks when you have lower interest rate debt. say you have student loans, right now those will typically run between 3.8% and 6.4%. i believe you can consistently do better than that in the stock

market. you don't need to pay off all student loan debt before investing. i believe can help you pay off your student loans. did for me. same goes for your mortgage. just the high interest rate debt that has to be eliminated before you start owning stocks. what else do you need before you can start investing? you have no excuse not to have health insurance, none. i don't care if you're political a opposed to the law or not, it's idiotic to pay the government a fine when you can shell out a similar amount of money for insurance coverage. you don't want to end up in a situation where you get very sick very fast and end up paying enormous money out of your pocket costs especially since hospitals charges individual higher prices than they charge insurance companies. they can aniliate your wealth, i've always maintained it's foolish to own stocks if you don't own a health insurance policy first. as much as you know what i do, i love the stock market.

before you can start investing, you need to get a plan. pay off the credit card debt, start with the highest interest rates and works your way down. carrying a balance -- if to some crazy reason you don't have health insurance, come on, people, that's also essential to building a solid financial foundation. not to mention avoiding the obamacare penalty, which will gobble up 1% of your income this year if you're not insured. once you have the foundation, then you can start worrying about picking stocks. keep your concerns coming at jim cramer get a plan. we'll build your financial future together. [ male announcer ] this is the story of the little room

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it is time. are you ready? time for the lightning round. let's start with dave in florida. >> caller: james. hold or sell? >> you might as well be in the best one, which is strat us. >> byron in north carolina. >> caller: how are you doing? >> how about you. >> caller: good. i got a question about lsi, wondering why it's not moving over the distribution with apple iphone -- >> it got a takeover bid. it is sky works which is still creeping up after the bell. let's go to najid in new york. >> caller: hi, jim, this is najid from new york. i just wanted to say that i appreciate all that you do and

because of you i know how to apply to my investment decision. >> that's what i want. >> caller: i would like to get your take on symbol -- zble. >> we just had a call on lsi, it's a good stock but it's been out there forever. i'm going to recommend it. let's go to mark in wisconsin. >> caller: alexus exel -- >> this is one we like but please understand it's speculative. bob in california? >> caller: sunny and warm here in california. >> i love it, what's up? >> caller: jim months ago i bought -- >> lowe's is good but home depot is better. frank in new york. frank? >> mr. cramer, how are you? >> real good. >> caller: very good. just about to have dinner with

my wife and i've been a very long term holder of walt disney and if you think i should stick with it. >> i would say one of my bankable 21 and get rich carefully and understand a couple points risk because it moved up and if you want to have 100 shares, buy 50 now and 50 later. i'm going to brandon in new jersey. brandon. >> caller: yes. >> go ahead, brandon. >> caller: i have -- >> we like the stock. it just up 42%. i'm not -- up 42% now i'm going to have to say it's got to cool off. we did like it lower. that is the conclusion of the lightning round! >> the lightning round sponsored by td ameritrade. coming up -- target cancer. galena is behind research to help end the recurrence of

breast cancer. will its science support the stock's staggering run or could the company's trials come up empty? cramer talks to the ceo. ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade.

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i spent a lot of time telling you about the rise of biotech followed by the four horseman of the big pharma. this is one of my favorite trends, built to last in get rich carefully. $2.67, up, this theme has a lot of legs. if you're looking at biotech, the big ones are not the way to go. speculate on small cap firms that might have enormous long term potential. look at last week, to be fair, they gave up 190 points this monday and tuesday. when you have a massive speculative gain, take the money and run, which brings me to a small and very controversial $750 million company galena, a name i got asked about last

week. at the time trading at 6 bucks, gave it my blessing now up to $7.48. 18% gain in a week's time. galena is on koelg plant and a new vaccine to prevent the recurrence of breast cancer in people who have already survived the disease. it is in phase three trials but adam, the street.com's biotech expert, a company a founded has been skeptical about the science behind the phase two study. personally after galena's incredible run, bulls make money, bears make money, hogs get slaughtered. i think it needs more reresearch. we're going straight to the source. the president and ceo of galena. welcome to "mad money". >> great to be here. >> we have recent news, you

announced this week a partnership in india, the commercial rights to new vakz, what did they anticipate they could get out of the deal with galena. >> they have already shown promise and potential in breast cancer and we're using it to prevent breast cancer recurrence for the 200,000 newly diagnosed women every year in the united states alone that get to be cancer survivors but live with that fear of 25% of whom who have a recurrence of their disease within three years. we've shown exciting promising studies that have shown that we can prevent or delay that recurrence significantly. and we're already in a phase three in 15 countries in 700 patients to show we can bring those benefits to people in a commercial area and address a multibillion dollar opportunity. the deal is significant because

it gets us into a whole new tumor type. it goes from breast cancer to gastric cancer. now we've got a study from a risk management stand point and study in monotherapy or by itself or with the $7 billion drug by roche and breast cancer and gastric cancer. we're trying to expand and broaden the utility of this agent in a number of novel areas. >> okay, now, the buyer in your stock was saying that one of the phase three present trial has gone slower than expected and we anticipate data mid 2017, a year later, should we take therefore there are setbacks in the trials? >> no, like anything doing research you have to get set up. we're in 130 hospitals in 15 countries spanning from north america to western europe. eastern europe and israel.

and it takes time to get those set up and we're now in a pace and progression where we'll have it fully enrolled by mid-year and interim analysis where we have about a year's time. then the full answer if you will in the end of phase three. in the meantime we're continuing to work on our combination study and get this 90 patient phase two in gastric cancer off the board. >> doctor, there has been some controversy i know in seeking -- no name people who have been very in favor and adam has been adamant that you have -- let's just say cherry picked the good news in the study. how do you respond to -- and i'll be very specific, galena cher cherrypicks a group of patients where it said it works but ignores another equal sub group

where it hurts patients even though it should work better for the latter patients. >> well, i can only go back to the actual data. we've got a great group of physicians who work on neuvax and put their patients and have the most at stake for anybody who is looking to create and explore the innovation that neuvax can provide. we've gotten over 500 patients that have seen neuvax. it is a targeted agent. so one of the things in clinical science is you have to figure out who is most likely to benefit. so for example, in herceptin, it only works for 20 to 30% of the patient. we're looking at 50 to 60% of the patients. we framed what we think are the people who could most benefit for the drug. her two, one plus, two plus, a

type that it doesn't address. we think we're addressing a multimillion dollar opportunity and we have the right patients and trial and concurrence with the fda for a special protocol assessment. this is a prereview of what the protocol looks like and putting ourselves in a position where we can present this medication for patients who can most likely benefit from the treatment for neuvax. >> because we all know people or have lost people who are close to us who have had breast can r cancer, i'm trying to be skeptical as i can. a university of pennsylvania study said cancer vaccines like neuvax are ineffective. don't know what to say university of pennsylvania pretty good place. >> outstanding place. and this is the nature of these drugs. i've worked on many drugs in my past experiences as have my colleagues. we've brought in neuvax from the

cancer center and i can tell you in our phase two study, in 187 patients in the patient -- exact same patient population that we're studying for the phase three, those patients had 23% of the control patients are placebo patient, 23% of redurns. zero on neuvax had a recurrence. we were excited to take it to the fda and negotiate the special protocol assessment and getting the patients into phase three in a randomized study, double blinded to answer the question define tifly once and for all. i would point out every innovation or technology platform goes through this appropriate period of skepticism and interrogation by clinical trials and good science. this is a large blinded randomized study. if approved will address a large

unmet medical need. so good science takes time. we think we're doing the right trial. we've got the right providence of these places and md anderson as good as it gets in united states and the world in terms of innovation and moving important technologies forward. >> thank you so much for coming on "mad money" your company has great interest in our viewers and i'm glad you're a good spokesman. >> thank you sir. >> thank you. >> the president and ceo of galena, raeead the stories. there's lots of information both pro and con. be an informed investor. stay with cramer.

>> there's nothing like a hated story. perhaps one of the most knowledgeable audiences you get, my idea of buying bank of america met with resistance. no one is saying you have no idea what you're doing. it has to do with my insistence i can't find a metric to recommend twitter. that's what you do when you're desperate to get momentum and i have enough problems backing amazon and netflix. it's bank of america they don't trust. the company is run by some lawyer who doesn't know how to run a bank. i think the bank of america was

entirely dysfunctional put together on the fly with the worst possible acquisition of the year, countrywide at its center piece. this target which financed 20% of the 2006 mortgages of this country was less than worthless. we don't have the exact tally but it's entirely possible almost all defaulted. i don't know a soul who could have managed that poison pill properly. second indictment, the liabilities haven't gone away, judging by the $2 billion litigation, this could be the second round of putbacks. there are more issues to set and more liabilities. it could indicate there might be as much, call it $8 billion. but they still made $3 billion after the can handle a billion easily. all i can say is theize of the dividend is not up to bank of america. lots of people think the regulators have gone away but

not for banks. particularly banks that were in as much trouble as bank of america. the last time the balance sheet was in good shape it was now was 2006 and paid a dividend of 2 bucks. the stock went up gigantic yield if it can pay $2 a share again. it is not up to brian moynahan. it's up to the government. fourth negative assumption, the company will be worth more if it broke itself up. i think we saw electric synergy and merrill had the best investment numbers of the period, unbelievable. that's right. it's number one. just to be sure of the major banks that reported let's rank them, bank of america, pnc, jp morgan and citigroup, they pulled up the rear. finally fifth, there is a belief that without a mortgage pickup and we know there isn't one, this one has no earnings momentum. the mortgage business people is a commodity business.

all right, it's one of the worst parts of any bank right now. what really matters is the net interest margin. which is truly a function of deposits in the yield curve. it will simply coin money as interest rates grow higher. deposit growth was almost -- it was almost double digits, leverage will be immense at bank of america. you want fewer mortgages and fewer deposits. that's what they are giving you. walking over to the y a man said bank of america, really cramer? still really cheap. he made an illusion with how much money he could have made with tips like this one, scornful. do you know how much money i lost on bank of america? i don't care where the stock is coming to. i care where it's going to. back to where it was in 2011, it's down 55 -- down from 55 in 2006, i think it has the most upside of any bank i follow. i wish i could be more negative

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just what we were afraid of. so many upgrades at intel the last few days, little reminiscent of best buy. look into buy some you. i'm jim cramer. i'll see you tomorrow. \s. a movement is growing to block an obamacare insurance company bailout. is that wise? is the individual mandate dead because the irs can't collect the fine. plus cybersay the obamacare is vulnerable to hacking as it was three months ago. we have all the latest on all the obamacare news today. and what do the top business leaders say we need for real economic growth? at&t chief randall stephenson speaking for the business roundtable has written a brilliant editorial about growth, growth, growth. here's the problem,