>> agrium traded really well today. >> i'm melissa lee. thanks for watching. "mad money" starts right now. in the meantime more mad money with james kramer starts right now. >> my mission is simple. i'm here to level the playing field for all investors. mad money starts now. >> hey i'm cramer. welcome to mad money. i'm just trying to save you money. my job not just to entertain but educate. call us 1800-743-cnbc. >> after another bad day.

the dow fell. s&p fell. nasdaq climbed 8.42%. why bother? who needs it? i believe it is okay oto buy into a market that's risen a great deal already before running into this nasty selloff at a time when there is so much bad happening in the world? you know what? i think these are perfectly logical questions right now. and they have to be answered since the action is obviously not as good as it was once. and we are up so much that i can't blame a sole for wanting to take something off the table. first let's explain what's happening. my old hedge fund, say we were up more than the s&p 500 at this point in the year. as about only 20% of the funds are right now. do you know what we do? we feel like idiots giving back these gains, right?

i mean that's horrendous. so it would be natural for us to blow out of everything. everything. think about it. what is the point of giving back the year? i remember whole periods, months, where i would go to the movies or at least go to block buster video during the day and rent movies to play at the office just to keep myself from doing anything with the stock market. and any of my old investors happen to be watching that just -- well. >> okay. now here is what i did. i kept my hand in every day and tried to look for little day trade, stay in touch. and do you know why? because when the new year started i always wanted to be fresh but also have remembrance of what was going on at the end of the year but that was really the only reason. we were basically done for if year by now if we were up more than the market. our biggest risk was that the market would keep going hire.

we had to take risk. and it was always, always worth it. right now we're seeing a lot of what i described. the lock in we call it. especially for people who stayed long enough to get alibaba and now want to ring the register on everything. why not? all i hear about is the fed is going to killous. come on. we ought to play that as a continuous loop. oh yeah how the market is really overvalled. anyway. >> i don't blame anyone who has to report three months from now for cashing in their chips and going home. why not cash in and watch take in over and over. or the shaw shank redemption. why not tries memorize some of those priceless lines. >> get busy living, or get busy dying. >> red, now that is a job for you. remember these people are paid at if end of the year once a

year to give back a big fat paycheck. stupid is as stupid does. hey, give me a call jack ma. here is the thing. you are not running a hedge fund so you don't have to think like this non sense. okay? if anything you should be thinking about doing the opposite. if you take profits here because the hedge funds are taking profits you will just be ringing up taxes to pay the government. and that is something no one i know is particularly fond of. not even the rich lefties. another red flag now, the treasury department is doing precisely what it said it couldn't do when i asked why he couldn't just change the rules to abort these tax eversions that allow u.s. companies to access better tax regimes overseas. this new rule change is playing havoc with stocks doing inversion deals. not to mention stocks of companies we thought might get involved in one.

i don't blame people. it's obviously playing havoc. think about it. he came in on. i interviewed him. he said he couldn't do exactly what he's doing. that would have fooled me too. they put a nice bid under a lot of stocks. that said we've lat a plethora of the takeover deals. now maybe cf industry, a company in the fertilizer business and those aren't motivated by taxes. so let's not go nuts about the change. how about the fundamentals in the united states? do they matter? yes. they always matter. but the proximate cause of this selloff isn't anything in the u.s. that is what's so unnerving to so many of you at home. think about the economy is growing slowly but surely. employment is making a comeback. i say trying to make a comeback because it is clear there are real hiring issues out there. however as i wrote many get rich carefully you need one but two bad numbers in to have a real

trend. and nonetheless with inflation coming down noticeably, thereby increasing purchasing power. see the price at the pump lately? and a sense of relief that the government isn't going to shut down or do anything else crazy between here and year end, i it's safe to say it is not the u.s. causing the problems. it is causing the sellings. however the russia, ukraine conflict is real. it isn't talked about enough. it's slipping off the front pages. it shouldn't. in fact it is so real that i think it is still the proximate cause of much tft of the weakness in economies around the globe. that is not a bad thing because it is driven by politics. and politics can be resolved. this problem is some degree manufactured. it is political. but the longer it goes unresolved, the more we are going to find ourselves stuck in a world where earnings estimates are just too high for the vast

majority of international companies and you are going to hear people say it is the peak level of profitability for european exposure. china which sends about 25% of exports to europe is equally as hostage to the tangle. if this isn't easy to dissolve it's hard to believe putin won't turn off the gas to europe. he did it before. but never when europe was so weak. he could indeed trigger a worldwide recession. and that's reflected in stocks because people feel this madman, whatever premier guy you hate is going this. it in fact it's what's driving the decline. why not get out ahead of the turnoff? because maybe it doesn't happen. do you know what happens if you sell now and then the putin resolves things and they do not turnoff the natural gas? i'll tell you what will happen. this is you.

bye-bye wooi bye-bye bye-b buy buy buy buy buy buy. you will be scrambling to buy exactly what you sold but it's in higher prices. remember this is an issue that can be solved with diplomas. just reach a deal with the russians. maybe give them a buffer zone. and really any deal no matter how unfavorable in the west is better than no deal at least from stock market's perspective. when you put it like that, you don't want o abandon ship. as always i don't want to be complacent. i think if we don't get a resolution in russia, many stocks will fall further, hence a lot of today's selloff. without a resolution the dollar goes higher which means lower interest rates, bad for banks and oils. there is much not to like without a deal. how about the idea of the pullback that refreshes instead of intimidated?

i really like the stock. i've done all the work. it's really interesting. and when it pulls back -- ha. i said it yesterday about alibaba. i said they'd pull back. al babb i would buy. go pro. there are so many stocks i highlight here. mastercard and visa last night. that's ones i'd buy on a pull back. aam not going to tell you to sell these stocks when i want you to buy them. so i say stay the course. don't go rent movies. don't panic. and don't by any means feel the world is coming to an end. russia/ukraine will be revolved. and until then we'll be weak. and we'll be rough. sell the losers, not the winners. they will be going down as the years end and tax law season kicks in. here is bottom line. there are opportunities created by an exogenous event bringing down inflation and keeping the

fed on hold. that is a recipe ultimately for higher prices, not lower ones. so do you know what i say? i say let's take some pain now and later let's get some gain. neil in florida. >> caller: jim. booia. how you doing? i have your book front of me. and i just started rereading it. and it says get rich. and the carefully part i missed. seems to be making a little bit of a comeback. gt, advanced technology, what should i do. >> they were all about thinking that we were going to be big in the apple and when that fellow runs corning came on and said listen, do you know the deal? apple is going corning. welt they took a hit. i think they can come back but the big momentum is not there anymore. joe in texas. >> caller: texas a&m and dallas

cowb cowboys, boo ya how to you. the what are your thoughts on the future of mankind corporation? >> i have to tell you'll that i don't like the action in mann kind. what it told me when it did not jump is there will be no jump. i thought there could be at least a bump up. and there wasn't. that means don't buy. need help cooking up profits? we're seeing a recipe for highers profits so take pain now and get gain later. technology is revolutionizing the way you pay and i got the plays. western union has been around for over a hundred years. is it falling to new times?

i'll check the charts and some people think that the six plus is just too big. maybe it is your head being too small. but could apple just about about to hit the speet swot for it? i'll make the call. stick with cramer.

what's next for natural gas, which has been getting absolutely hammered for months thanks to the mild unexpected summer. could it finally be ready to start bountsing back? now that fall is here and winter is around the corner? tonight we're going off the charts to answer that with the help of the carly garner. charlie garner happened toeb a

great running back for the eagles. but carly garner is the author of" traders first book on commodities." ultimately the price of natural gas nearly doubled from august 2013 through 2014. she called that move by the way on off the choorts and if you listened you made a killing. now garner think there is glaring similarities between the current environment and last year. similarities that make her want to get bullish all over again. she's not saying natural gas will double all over again. that is a little too bullish. but you can see it rallying from up to 5 bucks, which will be pretty significant. especially for companies that produce the stuff.

what makes garner so positive? first simple seasonal factors. you expect it to rise during the winter thanks to higher demand during the winter. and while that is the case what really happens is demand rises in early fall. gaern thinks this is the time to go bullish buzz at this time of the year the price tends to rise before consumers utilize the resource. she points out generally the futures market tends to price in in late august or early september, tending into october or even the new year if the winter weather is turns out to be particularly cold. and a lot of people are talking about another one of these polar vortexes. what we care about here is not the price of the commodity but these lines at the bottom. that represents the commodity futures trading commissions weekly commitments of traders report.

no, this isn't some sort of bed like leggatt and platt which is a pretty good stock. the commitment of traders report is a fabulous resource that garner often relies on. basically they track three kinds of future traders. large specters in green. the cohort of institutions investors are the ones that we really care. small speculators, little fish basically, and commercial players who actually own futures for the purpose of hedging their business. garner likes to look at where the groups are putting their money to gain insight into where the commodity might be heading. in the case of natural gas, prior to the big rally last year the large speculate speculators were holding a bearish position. specifically a net short of 170,000 futures contracts.

when she made the call last year right mere, a major part was the large speculators had gotten too short. in other words everyone who was going to bet against natural gas had done so and the bears all leaned too much in one direction. and that turned out to be the case and the price recovered sharply. as the many managers shorting that were forced to cover and buy back before the losses got to great. you can see the result os thf sho short squeeze in the chart. this past january and february the short sales capitulated and the prices rocketed higher. some move to catch. let's fast forward to today. and garner thinks we are in a similar position. they are now net short 185,000 futures contract. to garner that means natural gas is limited. there's basically no one left to

sell. plus if prices start to rally we could get a classic short squeeze, think that. which could result in explosive move just like last year. let's go to the weekly chart. first you can see that gnat gas has a floor of support at 3.80 right below where it's trading. which suggests the downside could be very limited. we love that. secondarily when you look near the bottom of the chart, at the slow stochastic indicator. that is an oscillator which is widely used. measures whether security is overbought or oversold. the reading is below 20. that suggests natural gas is certainly oversold. and too far too fast and could be ready for rebound. like a rubber band snapping. this the williams r oscillator. that is the lowest. similarly developed by commodity trader to protect over bought.

this same signal. both of these dropped to similarly low levels last year. garner is betting the same thing can happen again. she is saying history will repeat itself however it might not happen right way way. why? take a gander at the daily chart. a little more confusing. don't worry, we'll work through it on the short-term garner notes natural gas is yet to reach over sold levels on either oscillators. in other words they would have to be down to here in order to be that over sold that. suggests it could have a little further to fall. perhaps to the floor of 3.80. we know that can be the floor or even down to the next support at 3.60. and it expected we could see more weakness in the short run. but followed by strength. if you believe her you put a little on. and if it goes to 3.60 you buy

more. fit holds above she sees it rallying the whole winter. there's a weakness o t 4.10. if it goes above there's a straight shot to 4.62 or even 4.90. the bottom line on natty gas. natural gas should soon go from being a -- the house of pain to "house of pleasure." i think e she's likely to be right. and it's good news for the commodity traders and even better for the companies that invest the stuff. which to me might be the best place to play a rebound. especially because the stocks have been shelled and shelled. darren in illinois. darren. >> caller: hey jim. how you doing. >> i'm doing real well today. how about you? >> fantastic, thanks. i want to get your take on

cheniere energy. looks like they went from 30 to 80 and i wanted to find out if there was still room or not. >> we recommended the stock back in 8. we caught an unbelievable run. i like the partner, cqp. they have done a remarkable job. some guys are upset with his pay. i like to get up settset with t people who lose me money, not make me money. i'll help you find the blood test -- best players. western union, taking a beating. as mobile options race past the brick and mortar model, should you leave it in the dust? and digging deeper into the drop in natural gas? will the coming cold weather change the course?

i'll sit down to see what lies beneath. what do allergen and apple have in common besides the letter a?

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it gets overlooked even though it is the life blood of the global economy. and it's a way to get financial stocks in without financial risk. right now the payment system is going throw a revolution. with the rise, like the payments on the new iphone. last night i explained how visa, and the network of mast kard actually benefit interest this shift and visa especially is worth buying here. there is another part of the payments business that is getting crushed, obliterated and that part is the money transfer business. if anything, my forecast for this group of money transfer companies, let's just say it is much like mr. t's vaulted prediction for sylvester stalone in rocky three. >> what is your prediction for the fight. >> prediction? >> yes, prediction.

>> pain. >> pain. yep, the money transfer plays like westernen union and money gram are in a house of pain here. and it's going to get worst. this is plagued by competition. not just digital payment firms xoom. but also smaller companies that focus on individual high volume payment corridors like the u.s. to mexico or middle east to southeast asia rather than trying to cover the entire world. and competition, it is the bane oaf profits. i would be a seller of the money transfer stocks here and to show you why let me give you an example of the western union. for years many value investors have been calling for a western union comeback. i'm dabbled with that but it hasn't happened. and frankly i now think it won't ever. even though they are only down 5.7 year to date, much better

than money gram which lost 37 percent over the same period. they are facing a the host of problems. and they are going to get worst, not better. pricing has been in decline at the same time that new regulations are increasing the company's costs. meanwhile western union is losing market share from 21% in 2006 to 13.5 as of last year. stunning decline. and the earnings estimates have been getting slashed to the point where numbers for 2014 have been cut in half over the past 18 months. first let's talk about the newfound competition because this is the problem. western union operates a huge global network with agents. there are 515,000 locations across 200 countries. but this network is assaulted on multiple fronts by new players with better models. the single change specialists, unlike western union these focus

on a single cash flow kor dor. they focus on transfers between countries that generate the most volume and much lower compliance costs because they only deal with a regular layings in a couple countries. they are taking the cream of western union's business. to make matters worse, the global money transfer titans used to have a exclusive regions for transactions. lately in many countries new regulations have put an end to that exclusivity. in india, agents for western union can -- this is a huge tra change and putting serious downward pressure on pricing in some of the most important growth markets. that's still just one front. we're also seeing a dramatic

rise in digital competition. xoom, they use the web to transfer money. typically they are lower prices than western union and using the internet, comen it's so convenient. more than 40 new entrants have broken into this market. and facebook earlier this year applied for an emoney license. and do you want to be in a business against facebook? a lot of damage to the existing players. eventually i bet this digital channel will almostly entirely replace the old model. and while western union is dwre dwre aggressively investing, they may never get in the game. and western union has to maintain the global bricks and mortar network. in the past it was a huge advantage but these days it's just higher costs. as they compete with the smaller, more nimble digital

players. and we haven't even talked about rise in costs of regulations. now the bulls expect these negative pressures to subside over the next couple years. i don't think they have it right. in my view, western union is facing serious structure issues that won't be going away any time soon. that's why it's value trap and should be sold. however i wouldn't short the stock because western union has a dividend. and it's bountiful. currently 3%. and well covered by the company's earnings. so i don't expense nianything le this to happen. although the dividend is the only thing saving the stock. money gram is no dividend protection which is one of the reason it's down 35% year to date. the company gets over a third of revenue from walmart. earlier this year walmart rolled

out their own much cheaper platform that let's people send cash to and from more than 4,000 locations. that's brutal for money gram. it is another sell sell sell. >> but what about some of these digital money transfer services like xoom, which became public early last year. it is an online consumer to consumer money transfer service for the india the philippines and new mexico. which together make up 20% of remittances last year. it's a fantastic platform. lot of room for growth here in the united states. that is company. i don't really care for the stock. in part because the money transfer market has become so intensely competitive but largely because it is so darned expensive. 51 times next year's earnings

perngs percentages. you know i don't like to pay more than 2 times the growth rate. this might pull back. but until then too risky. in the business world there is nothing worse that n. the money space is right for all kinds of competitors and why it's good for consumers it is terrible for the players like westernen union and money gram. in this business is so competitive that even a dynamic new digital entrant like xoom is too risky to own at these levels. steve in minnesota, steve. >> caller: booyah, jim, thank you for taking my call. i really appreciate what you do for home gamers like myself. >> you're quite welcome. my stock is allied financial. they have had two pretty solid quarters since their ipo and allied has been preaching expanding margins and have been

pretty successful of lower cost of bonds and limiting kroll expenses. i was wondering what your thoughts are their centric model. >> i think it's fine. people are neither here nor there about their stock but it's fine. i think it is going to go up slowly and get a little better and that is a good place. all right the payment space is going through revolution. western union and even xoom, i wouldn't think of ouning them. much more ahead. then what's botox and apple's latest iphone have in common? plus last night ice lightning round uncovered a new stock. stay with cramer. we needed 30 new hires for our call center.

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revolution without taking commodity exposure. with the pipeline companies like mark west energy. mwe. it's a partnership. the bountiful yield that operates in favorite gas rich regions. in fact they are the dominant gathering and fractures processing player in both the mars lus and the unikah shales. while the stock has given us a fabulous 25 percent return i'll bet it can go higher. especially if interest rates say low so bonds are uncompetitive as an alternative for income seeking investors. let's chat with the chairman, president and ceo. welcome back to mad money. good to see you. >> good to you see gym. >> thank you so much. there is a phrase here in your august 7th earnings call.

the marcellus shale continues a once in a generation opportunity. is this the shale even in the time since we've been talking turned out to be first or second largest natural gas in the world. >> it's the largest in the u.s. there are 370 trillion cubic feet of gas in place under the ground. so yes it is turning out to be bigger and better than anyone thought. and it happens so quickly. >> right. >> just eight years ago was our entry into the marcellus with the great customer range resources. >> had one recently. you know that. >> right. so the marcellus has been a big focus over the last seven or eight years but we have a lot of other assets in oklahoma and texas. we're involved in some of the major shale plays in oklahoma a texas wells the unikah. a lot going on.

a lot of growth in front of us. >> i did think with the share of total processing from new england, 65%? >> we have a large presence. >> this is unbelievable. this is the most natural gas starved area of our country and you are the predominate player. >> we are. both in the marcellus and the unikah. >> right. >> the it is all about timing and having great people, great asset, great customers. very proud of our position in those northeast shales but again it all came in our culture and our capabilities down in oklahoma and texas. so we're about growing the company throughout the operating areas and beyond. >> well one of the things i want to point out and i think it's always important to keep in front for people who are very distrustful on an industry or also skeptical of the country. planting plants. seven more processing plants. you're putting people to work

all over the country. >> absolutely. growing very rapidly. in fact the people side of our business is one of the biggest challenges. but yes we are creating tremendous amounts of jobs in all the states we operate in. and this is all driven by, you know, the fantastic opportunity in front of us with natural gas. just think about this, eia just came out with the 2014 outlook. by 2040, natural gas will constitute -- will grow 57% by 2040. and all of that is going to come from shale plays. >> remember the "new york times" just two years ago said we were out of natural gas. >> right. >> that turned out to be wrong. >> it is wrong but understandable. think of the technology these producers are bringing to bear on these resource plays. without the producers' creativity, ingenuity. their capital, we wouldn't be here. so yeah it's been a explosive time in the industry. >> one last question. you mention capital. i know there is always a bit of

funding that is needed. that was page 8 of your most recent call. i know you are opportunistic. between here and year end do you need another at the market offering? >> you will see it opportuni opportunistically access the capital markets equity and debt. we got a big program. $2 billion this year and next year. so we are constantly in the market with our at the market program. >> but those who have bought on those programs by and large have made a lot of money. >> well, yes i believe that is the case. we are up all and to the right. and we are very pleased to be where we are in the industry. great people, great assets and great customers. >> and great fmpperformance for stock. mark west. that is the great growth pipeline in this country. they're custom made trains.

you can't get any better than that. siemens trains are not your grandparent's technology. they're something that's gonna change the cities we live in today. i find it so fascinating how many people ride this and go to work every single day. i'm one of the lucky guys. i get to play with trains. people say, "wow, we still build that in the united states?" and we say, "yeah, we do!"

what if we finally had that would be amazing. hey, what if we took down this wall? what if this was my art studio? what if we were pre-approved? shut up! from finding to financing, how'd you do that? zillow.

it is time. it is time for the lightning round. [ g.

time for the lightning round. in joe marie inmy mississippi. >> booyah from madison, mississippi. >> nice. i love it down there. >> caller: thank you. we love your books and thank you for all you do for everyone. my concern is kor labs and its operation since may. i know they have a conference call in october, 23rd i believe. and i know the industry has experienced a great deal of volatility. >> well it is really volatility. it's actually just been going down. and i need to see a better quarter. we are waiting until they get a good quarter to take them out of the penalty box. jude in new jersey. >> caller: hey jim how are you. >> all right, how ro you. >> caller: your eagles are doing really well. >> but they are going out to niner vil. that could be tough. >> caller: is -- >> i like those guys. i think marathon peat is

actually the better one right now but i'm not a huge refiner fan at these levels. there are changes going on in the pipeline business making them less favorably in america. clinton in georgia, please. >> >> caller: clinton in atlanta, georgia with a big bulldog booyah. >> what's up? >>. >> caller: i want to know where do you think dean foods is headed. >> we thought they were going to bottom and it hasn't. the price of milk has not gone the right way. believe me i keep thinking when do you back into domino. we jumped it too soon and then we had to pull back. let's go to new york. >> caller: is -- a good buy at this price or do you think it will go down further. >> which one? >> price line. i think priceline is okay.

i think people feel there is mounting competition so it is going to take the quarter to get it out of its funk and until then it probably doesn't work. elizabeth in north carolina. >> caller: hey i'm happy to speak with you jim cramer. >> i am with you. what's happening? >>. >> caller: my stock is stkl. >> i like them. don't forget still my favorites are the hain and whiteway. corporalen ecarmen in new jers booyah. a question about lit owe automotive. the company i work for was just acquired. and they are offering us the stock at the discounted rate. what do you think? >> i don't know. i saw the -- i didn't like the numbers from car max today. i'm going to have to do redo of this whole industry. i got to reserve judgment on

that. let me tell you. nick in california. >> caller: i'm calling about the oil sector. dnr. >> all the independents are going to come down until oil stabilizes. we've been urging patience before we put more noun work in the group but it will work. al. >> caller: yes? >> you're up. >> caller: oh i'm on. booyah. >> booyah back at you. >> caller: first, thank you for your program. you are always wonderful. >> you're very nice. thank you. thank you. >> caller: and beside, keep on writing those book, man. >> i will. thank you very much. >> caller: my question is on bjs. >> i think i like the yield but they have no growth. and when you have no growth it's very very difficult. and we know the guy who built the company is actually retiring. david whenner. i'm going to stay away right now. and that is the conclusion of

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okay we got a nasty market right now and you need a couple of positives, not just one or two, to justify pulling the trigger o b a new stock. so what fits? allergen and apple. right now they have so much going for them and although the

positives don't see much going in the stocks. alerbegan. double digit growth. hard to believe this stock was just selling at 8 times earnings last year at this time. but it was kept down by unfounded patent protection fierce. potentially breakthrough products in the pipe. and botox with plenty of new horizons and fantastic management. allergan has two bitters. primarily a generic drug manufacture and also a serial acquire. and then unfriendly. val vallian. in the meantime allergan could buy -- pharmaceutical. and the way it pays, let's say it does stock, let's say it does

debt. some combination could make the stock unpalatable to potential acquire rers. so let's see. that earnings, we got two suitors. a deal the street would like. that is what you buy. apple is not all that hard here. it can't meet demand for new phone. and that means the carriers all are quite competitive will be eager to get into the subsidy game. even a few weeks ago we were concerned they wouldn't bother with. sprint, owned by soft bank -- and the deals he can offer for the new iphone could be amazing. at the same time, t-mobile, he's so aggressive you have to believe that company will move heaven and earth to get the iphone into your hands, even the

big one. verizon and at&t aren't going to let these get ahead. so for sure you have the retail buyers. but now the big four now feel the heat to help apple. meanwhile not having a chinese offering to, to me that becomes a positive. it means when apple does solve china and it will be solved because chinese people want this phone it will give calendar year quarters one and two real upside. by that time the apple watch should kick in. both stocks have too much going for you for me to tell you not to buy them. auto zone, the triple a's. and i felt the companies is still trying to expand faster than expected which means the possibility of the less expensive buy back. i'm not backing away though. i'm just not as enenthralled. you need to buy back to be

robust. and we only have two out of three right now. any other market let's buy. but in this choppy market you need to go three for three and auto zone failed to do so. it bounced started today. i don't think as far as i would like and not as far as ammal or allergan. we needed 30 new hires for our call center.

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