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. and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm trying to save you some money. my job is not just to entertain but to educate and teach you about days like today. so call me at 1-800-743-cnbc or tweet me @jimcramer. here we go again. get some incredible news from some amazing companies, earnings we never dream we could see, but

it didn't matter. and the market went down anyway. dow sinking 196 points, s&p falling 1.35% and the nasdaq declining .93%. how can that be? hey, isn't this a market of individual stocks. no, not right now. nope. you see, we have some disturbing trends in the overall market that trump the achievements of single companies and even whole sectors. and right now, no trend freaks out investors more than the total collapse of oil prices. when the high-speed traders who dominate the stock market see energy declines like today with oil down more than a buck and a half to $44, a level we haven't seen since the great recession, they don't just sit there and pick among the stocks the benefit from cheaper oil while dumping the oils themselves that wouldn't be a rational move. no, they sell the only thing they seem to know how to sell. the whole s&p 500. they can't waste time picking and choosing among individual

stocks. they know that when oil goes down they need to blast out of everything. because that's worked time and again, at least for that particular moment, it has. in subsequent days the people who know stocks not the s&p futures come by and pick among the rubble -- >> buy, buy, buy! >> sometimes they do it on the day of the raid down other times they wait until the shelling stops. this market in 2015 is so volatile that most non-high speed traders think it's worth the wait. worth waiting until the smoke clears. it's too risky otherwise on back-to-back declines like yesterday and today. i say, who can blame them? this market is that difficult now. now, look, there's always a lot of noise on any given day. for example, the federal reserve released a statement at 2:00 p.m. stating while the economy's good it's staying patient about raising rates there's no real inflation. a bunch of s&p future buyers like that, they came in and bid the stock market up one point the dow was up 90 points.

and almost simultaneously oil broke downright into its own close, and another group of s&p future sellers who believe lower oil's a sign the economy's too weak and real trouble could be ahead blasted the s&p down. i want you to understand the inherenter erer irrationality. while i can recognize why some people want to buy the s&p futures because the fed is being patient and not raising rates, i also know there are really no good reasons for selling all 500 stocks in the s&p off of decline in oil. that is using a sniper's rifle would be more accurate. the 10% of the stock market that is oil or oil-related, i've been saying over and over again that needs to go lower. they're not done going down. as identify been saying $45 a barrel is the level that must hold. because almost all drilling in this country becomes uneconomic

below there, we've breached that $45 level today. plus, we've got oil inventory numbers today and they were staggeringly high. largely because even as oil companies may be cutting back the capital budgets, they're still producing a colossal amount of crude in this country. hess reported a dramatic increase in oil production and decline in profits. even as it got mid-70s oil prices for its product. crude's now 44. the stock shed more than five points, 8% of the value. this could be the last good quarter now that oil's plummeted from the prices they got for it last fall. they would have done horrendously if it'd been at this price. and, of course, the situation's only going to get worse this year as every major oil company i follow is cutting its spending spending. but still simultaneously boosting its production levels as they reduce their drilling to only the best properties, which are spewing crude. the amazing thing is that after the inventory numbers, crude didn't break down below 40, i think that's where it's headed. and oil's not the only segment that deserves to go down i

could argue that 17% of the stock market that needs higher interest rates almost all of the financials should go down when the fed says it will do nothing. these companies need higher rates, not lower rates to beat the estimates, and rates went dramatically lower after the fed spoke. we were looking at ridiculously low levels of treasure -- 30-year treasury all-time low today in interest. bank earnings must come down, period. so let's say 25% of the stock market had every right to go down. why? because the estimates have to be cut for that 25%. and stocks go down when estimates are cut. how about the rest of the market? well there's a big bifurcation going on with that other 75%. many of these companies only doing business in the united states, cable companies, rails, restaurants, home builders retailers, real estate investment trust, that's what you buy in the environment. these are the america first stocks i keep telling you about. nothing can ever be bought with your eyes closed. and remember this was an overpowering decline today. you're not going to make money. these companies are the eventual winners and you know what,

that's what you look at in the s&p 500. if 100% domestic company, if a ceo of one of those companies could call the standard & poors and say, could you please take my stock out of that s&p 500, that stock would've gone higher today. the other stocks the ones that eventually benefit from lower oil but are getting hurt from a higher dollar. currently, we simply don't hear many companies besides the airlines say they've seen the raw costs come down a bit even as they've been hurt badly by the strong dollar. it's a lag. similarly there's a lag in the process of value stocks that are going to be hurt by the strong dollar. now, that's what's happening in tech. boy, nothing good. strong dollar is bad for them. how bizarre is the lag? well, for some companies raw costs are starting to plummet from the consumer packaged good companies, but not fast enough to offset the dollar strernt. and many of the drug companies don't have the earnings momentum. they don't benefit from cheaper oil. they've become problematic until their yields get so high because their stocks have come down they

stop being sold. take companies like proctor & gamble. it's been dinged two days in a row, and that was largely currency related. but now yields 3%. treasuries are much below that. and it's gone from a sell i think, to a natural buy. i would buy proctor tomorrow if it's around here. some companies are reporting numbers so strong they transcend all of these trends. apple's quarter was so good it can best the gravitational pull of the high frequency trading. so can boeing which told you lower oil is stimulating bigger profits for airlines which is translating to fantastic orders. i've told you repeatedly that this idea that airlines would start canceling orders because they no longer need new fuel-efficient planes was totally bogus. the media, however, kept ginning up that story and the short sellers were swarming all over boeing going into the quarter expecting a guide down. no, as the ceo explained the airlines need every plane they can get. and they love the new planes for many attributes that allow them to make more money per flight.

that caused the shorts to panic and the longs to step up the buying, the stock soared $7. up 9% at one point. still, though, we must always respect the damage inflicted by the high-frequency traders who sell all stocks when oil goes down as it did today. it can damage strong stocks and weak stocks like qualcomm going to get hit tomorrow and oil's coming down. it takes fortitude to buy anything on a day like today because if oil drops tomorrow we're going to repeat the same city staccato selling. in fact, you can consider the selling engendered by those who use the s&p futures to blast out of the asset class as the stock market equivalent of friendly fire. it's vicious it hurts just as much as fire from the enemy and it's become the biggest fact of life in this stock market today. and it's why 2015 has not been so good. obey it initially, no matter how stupid it might be.

but remember, lower oil prices are fabulous for 317 million americans who fill up at the pump even as they're real bad for those who work for the oil companies themselves. the bottom line, it's a tough market in 2015. it's struggling for its footing. not finding it right now. i need you to think longer term. gasoline's going lower, electric and heating bills are going lower, mortgage rates are going lower. no matter how hard i try, i just can't turn that bullish narrative even with a stronger dollar into a negative story for the overall stock market over any longer period of time. but i respect this powerful wave of future selling. and you need to -- you need to respect it, too. even as you hunt for bargains, they create with their menacing machine gun style sellers. >> sell, sell, sell, sell sell sell -- >> tom in virginia, tom? >> caller: cramer! >> yeah? >> caller: i've been a proud cramerican since 2006.

>> almost the whole ride! thank you. >> caller: indeed. and quite wealthy to boot because of you. >> thank you. >> caller: i've been watching you for a long time religiously via podcast. i speak for many people around the world, because of you and your team my financial reach has been profoundly extended. i also want to give a quick thanks for reading our tweets. i know you get thousands of them. it's mighty of you to listen to us little guys. >> thank you. the show's about education. we use stocks as an example. @jimcramer on twitter. no, i'm trying to explain things. but go ahead. thank you for the great comments. >> caller: you must get thousand of them. we appreciate it. you're a great american and noble monarch in the gallant kingdom of cramerica. >> too high praise. i wish my parents were alive. they'd love that. >> caller: he can see you up there. my question's regarding the impact of lower oil prices. on whole foods market, ticker wfm for us home gamers. >> i think whole foods is making a good comeback because the

others are dropping by the wayside. but it's not going to be fuel. it's because they have lower prices, doing better doing remodelling, and it's a management team that has laser like focus on beating the competition. it's not going to be energy that's a small cost for them. mike in florida, mike, mike, mike? >> caller: mr. jim, thanks for taking my call. >> of course. >> caller: hey i want to ask your opinion. i've been following you for years, you made me a lot of money, not only on this show, but through your first book. >> thank you. >> caller: petroleum corporation, how do you feel about it? is it a good time to get in on it? >> you know it's not time yet to buy the heavily levered oil companies. when i say levered, meaning they need the price of oil to go up. whiting has come down a great deal. it does seem tempting, but i've got to tell you, the pressure in the patch if oil breaks $40 is going to keep whiting from going higher and could make it go lower, although i've got to tell you, there's some, wow let's talk $90 to $27. but not yet.

steve in pennsylvania, steve? >> caller: greetings from beautiful philadelphia right next to springfield where you grew up. >> get out, man! spartans to the championship. >> caller: there you go. you've been very high on the pbms and the xpress scripts seems to be lagging the group. >> stephanie link and i were going over that and said you know what, express scripts, maybe it's going to give us a chance. another downgrade today. yeah, i'm looking at it too, steve. i'm looking at it too. it looks like it's going to be one of those companies that if we get it in the mid-70s we're going to be really excited about it. okay. sometimes, market trends trump the achievement of individual companies. today was just one of those days, although, of course individual companies, some of them aren't doing that well. on "mad money" tonight, apple had the most profitable quarter of any company ever. did it raise the bar too high? you don't want to miss my take. then 30,000 of these were sold every hour for the past three

months. i think i was up for every single hour for the last few months. i'm cracking it open to show you the stock inside that you can buy and one maybe -- plus new york city dodged a bullet, but it disrupted power for a lot of people. i'll talk to a company that heats up when the temperature drops. hello? stick with cramer! don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.

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what the heck is going on in the semiconductor space? how can two players with products inside of apple's new iphone 6 which sold at the incredible rate of 34,000 per hour over the past three months have such differing results? tonight, i'm prying open the iphone to show you why. two weeks ago, sandisk, the big

maker of flash memory chips came out with an extremely negative pre-announcement. actually, set the whole decline going in tech. that caused its stock to plummet 14%, cast a shadow over the whole group. and when the company actually reported last thursday it still managed to disappoint again, missing the already lowered expectations. that's extraordinary, extraordinarily bad. if you extrapolate it from sandisk, you'd be feeling bearish about the semiconductor stocks. however, skyworks solutions, the chip maker that does a lot of business making power amplifiers also reported last thursday in skyworks managed to blow away the number, which is why its stock keeps making new all-time highs, even in the bad action of today if you extrapolate from skyworks, you have to assume the semiconductor industry's booming. you know what this is really it's a very tale of two cities moment in this business. it was the best of time for

skyworks, the worst of time for sandisk. tonight, i want to explain how that's possible. a stark difference between companies and show you why sandisk isn't worth owning here while skyworks is a buy whenever it takes a hit. why don't we start with sandisk. after rallying pretty magnificently over the last two years and it's been a fabulous run, hit a wall. and i think it's not done going down. the reason because sandisk is basically a commodity producer. there's very little proprietary about making nand flash chips, the thing you see inside the iphone. and these commoditized semiconductor stocks tend to get crushed when things stop going their way, meaning, there's no longer a shortage of supply. the real problem here, while things have become much more risky, the wall street analyst who is cover the stock, i think they kind of refuse to acknowledge the reality of the situation. after sandisk's hideous preannouncement, analysts from nearly every investment bank rushed to defend the stock claiming they were temporary and the selloff was a compelling

buying opportunity. then when sandisk reported disap pointing results a week later and indicated it recently lost one of the larger customers rumored to be apple, the stock initially plunged 10%. but shares rebounded to close down 1.9% largely because the company has so much institutional sponsorship. here's the crazy thing even after these back to back disappointments, get this there are 26 firms out there that rate sandisk a buy, ten holds, just one single lonely underperformed rating. i think wall street's whistling past the graveyard on this one, although i've got to give massive props to the analysts who boldly and correctly downgraded sandisk ahead of the quarter. wow, great calls. why is it so worrisome with so many buys? because when it has 26 buy ratings, there's a ton of room for downgrades and those will send the stock lower. stocks don't go higher on estimate cuts, they go down. first of all, you have to understand that sandisk's bread

and butter total commodity. in the latest quarter, we learned they are losing market share and looks like one of the biggest customers apple is buying the flash chips from samsung, even though samsung is apple's nemesis. to make matters worse, sandisk is well behind the competition when it comes to rolling out the next generation of flash technology. 3d nand flash chips that are made by stacking transitioners on top of each in a cube that can hold far more bits of data. industry analysts telling me this. samsung isn't saying it and sandisk isn't saying it. sandisk is a year behind samsung and nine months behind micron. the chips have ten times the endurance endurance, twice the performance and 40% less power consumption than sandisk's old-fashioned 2d products and nearly as cheap. in short, sandisk isn't just selling a commodity, an inferior commodity. i think it's going to take them a year to catch up. on top of that chinese handset

makers like to buy them bundled with drams. but sandisk doesn't make drams, which gives samsung, micron a higher edge. they can offer a hybrid product. that's what the market wants. how come sandisk has managed to perform so well over the past two years? simple, for a long time there were major supply constraints in the nand flash market and excessive demand. but it now looks like there's a lot of new capacity coming online. hey, look last night, predicted the supply of nand chips would grow by 35% to 40% this year. man, that's the kind of supply increase that's ruinous for pricing. consider that sandisk forecasted 2% revenue growth this year even as they expect their shipments to increase by nearly 30%. that suggested 28% decline in pricing, that's hideous and possible that sandisk is once again being way too optimistic. one last problem, sandisk's highest margin products are flash based memory drives

removable chips or peripherals. but consumers aren't buying external flash memory drives like they used to. in large part because their phones have so much hard drive space. iphone doesn't even have removable flash card slot. so sandisk's most lucrative business is in long-term decline. put it all together the margins could be hurt here even as the company is forecasting 500 basis points of margin expansion from the first quarter through the first fourth quarter of this year. guys, that's way too optimistic. i want you to compare that to the very proprietary noncommoditized skyworks solutions, which makes high-performance radio frequency and analog semiconductors for smartphones, tablets, cars gps, and wireless networking applications. as you can see here in the guts of the iphone 6. whereas sandisk reported heinous numbers, really terrible numbers. skyworks saw the revenues rise by double digits versus the previous quarter. that was the third time in a row, what a great job.

skyworks has a ton of content in the new iiphones which is why i bucked the down trend. with the exception of apple and a couple accolades. at one point, up more than 2 bucks after apple's terrific results. company also sees some major tail winds from china where it expects handset sales to double or triple. and they've been taking share in some of the hottest smartphones out there. meanwhile, the largest chinese wireless companies are expected to make a big push into 4g this year which requires a lot more radio frequency content in the phone. that's the bread and butter. meanwhile, skyworks' ma margins are expanding, up an astounding 690 basis points. this is dazzling for people. in short, sandisk is losing market share sales are falling and expect margins to keep getting hammered. skyworks is growing revenues rapidly and growing the margins. you know to know the crazy thing, right now skyworks trades at 16.9 times 2015 earnings.

trades at 15 times earnings. kind of absurd. skyworks is expected to grow its revenues at a 14% clip this year, sandisk's forecast is essentially flat. i see sandisk going down more. the memory stock trades at 7.5 times earnings where skyworks even as new all-time high today, i think has a lot more room to run especially when the market selling dries up. here's the bottom line when you're shopping for tech stocks you want to own something as proprietary, not something commoditized. the many analysts defending sandisk believe it has proprietary edge, when in reality, the opposite is true. i bet they get dragged kicking and screaming and downgrade the stock as the company keeps disappointing. skyworks on the other hand simply inexpensive. inexpensive at these levels because it's proprietary. while i think it's a buy, i obviously like it even more on the now frequent declines in the market having nothing to do with skyworks, maybe with qualcomm maybe with people who felt that facebook spent too much money. whatever, it's going to give you skyworks a chance -- you can get it at a discount.

trust me. nate in california. nate? >> caller: mr. cramer. >> hi. >> caller: california boo-yah here. >> i like that. what's up? >> caller: so, got a stock we've talked about. we both like it. two-part question for you today. stock is veriphone, p.a.y. the first part of the question is i love the outlook in 2015 with the emergence of emd domestically here. i think they're really well-positioned. i'm curious what you think on that. and secondly, the last couple of weeks with the market fluctuations, this stock has taken a 15% to 20% hit. i can find no fundamental reason why this should happen. am i missing something? >> look this is a bad market. right now we have a bad market. a lot of stocks that shouldn't go down are going down. it's choppy, volatile, negative. people ask me every day day @jimcramer on twitter, what's the matter with veriphone? i say, it's not a great market. it happens. the market's trying to find a bottom. it's worried about currency it's worried about

overvaluation, worried at the fed. a lot of good stocks get sold down even though they do good things. when bad things happen to good stocks. how about randall in georgia, please. iran de? >> boo-yah to ya. >> yes. >> caller: the ticker is bbry, blackberry. >> yeah you know blackberry it got really juked up by a story and a lot of bad money got into it and it's coming back down. i'm not going to recommend a stock a takeover basis. and i don't think the fundamentals are improving in blackberry. i don't want to touch it i just don't. we just mentioned veriphone. why do i have to go down the food chain and buy something i don't think is that good? proprietary over commoditized. i'm trying to teach over that segment. that was a segment about trying to understand the commodityies not so good. much more "mad" ahead, including

apple's stunning quarter and why they cost you money. and the blizzard may have put the freezen o a lot of business, but i'll talk to a player who benefits from frigid conditions. and i'll see if your portfolio is prepared to weather when we play "am i diversified." stick with cramer.

staggering. but can it continue?

doesn't it have to run out now? given the law of large numbers, how can it stay like this? isn't this a one-trick iphone pony ready to blow up at a moment's notice? these are the irrefutable questions that i'm already hearing about apple's remarkable quarter. in the 74 million iphones it sold even as the stock left $6.17 today on record-breaking results on a hideous tape. a hideous day. you know i've got no answer to them. none. not because i don't know the answer but because those questions have been among the most costly series of inquiries imaginable. year after year not quarter after quarter, year after year that kept you from owning the greatest stock of the greatest company on the face of the earth. i find them insulting because they're being asked by people who are ignorant of the facts and the history of this fabulous company. for ages the critics who don't know the stock have been asking

those kinds of questions about apple and what have they accomplished? they doubted the ipod, iphone, ipad iphones 4, 5, and 6. the big iphone, doubted china would like the new phones. every single one panned out fabulously. the only times that products ran out of gas was when apple decided to cannibalize its own devices with newer, better products exactly what a tech company is supposed to do. apple, by the way, is merely beginning the assent in china. it only has a handful of stores there, could probably open 1,000 and not meet the demand. what's the reaction this time? they're now doubting the apple watch. and apple ipay. there's a reason why i always tell you not to trade apple, just to own it. and the reason is that too many people have left a huge amount of money on the table because they were worried about the exact same issues i just laid out at the top of this segment when the stock was at 20 when it was at 30 40 50 60 70

80 90. i mentioned each level because that's the honest truth. these inquiries convinced many people to sell the stock, dump it, trade it, just when you should have been owning it. these doubting thomases were too smart for their own good. what's the proper way to examine this company's prowess when it comes to the new products. i think you approach it like this. if apple has an innovation like the watch and apple pay, and people love the product and it'll be a success. i got an idea maybe give them the benefit of the doubt. if this management says there's tremendous pent-up demand from the newphone -- if this management says people will watch the apple watch, believe them. if tim cook says on the conference call he can't live without his watch, then you probably won't be able to live without it either you've got to have it. can't live without it. cook said it i'm with him. if you think the apple watch will be stillborn because it doesn't have an iphone to sync

it to, 5 million people already have iphones. if this management team says that 2015 is the year of apple pay, you better believe the retailers who haven't adopted it will have to do so just to protect themselves from customer defections to those who do. apple's going to roll retail like it rolled the record companies. most important have some faith in tim cook and his team. what the heck do they have to do before you say, okay as always i have to stay skeptical, but these guys have pretty much defied the mobile before, maybe they can do it again. i'm sick and tired of defending this company and stock to the traders who doubt me wherever i go including @jimcramer on twitter. i don't want want to bother. after this ap stoundstounding quarter, neither needs defending. don't trade it, period, end of story. ken in new york. ken? >> caller: how you doing, jim? >> i'm doing okay, ken. how about you? >> caller: i'm doing all right. i love your show man, i got a

lot of good stock tips from you. i'm a beginner. >> okay. >> anyway, my question is go pro. what's going on with this stock? it was great in august and september, october and -- >> well you know ken, what happened is something about the mechanics of our business not necessarily the mechanics of go pro. a tremendous demand for go pro. the stock went too hard. insiders started selling and supply overweighed demand. it outweighed demand. this is what happened in march and april of 2014 go pro was like those stocksment once a lot of stock supply came out, it overwhelmed the demand for buyers. didn't matter there was a shortage, there was no shortage of go pro stock. brandon in virginia, brandon? >> caller: hi jim, i wanted your thoughts on mastercard before the earnings this friday. >> i'm worried about it. i'm worried about it. stephanie link and i know it's an action alerts name and we just don't have great conviction. we don't want to sell it down

here. why? because it's come down a lot. but the action in the stock is bad, the notes aren't that positive. i like the group but i am -- as -- i'm skittish about it. that's a new development we were working all day talking about this back and forth. she's co-portfolio manager of actionalertsplus.com. let's leave it at that. it's simple apple, it's proven the haters wrong time and time again. own it don't trade it. much more "mad" ahead. can american electric power keep your portfolio buzzing? it's done so before. i've got the ceo. and then we'll see if the stocks have what it takes to stay hot. plus a new edition of the "lightning round" is just ahead. stick with cramer.

in this environment, if you're an investor who is looking for income for yield, then you need to forget about bonds with their absurdly low interest rates, 30-year low, a 30-year bond come on. you've got to start looking for stocks with nice dividend.

that 30-year's awful. considering utility like american electric power, aep which owns the largest power transmission network in america along with a portfolio and serves more than 5 million customers across 11 states. thanks in large part to the decline in interest rates, aep has managed to give us a 24% return with reinvested dividends since we last spoke to the ceo just eight months ago. a fabulous game for a slow-growing utility stock among the five best performers in the industry. consider today's action aep reported this morning and even though it missed wall street's earnings estimates by 2 cents off a 50-cent basis, came in lighter than expected, the stock rallied to a new intraday high this morning and in the end barely got dinged. closing down 87 cents. a bad day today, ugly day today. can aep keep climbing given that management reaffirmed the guidance and the competition for bonds keeps getting less attractive? let's check in with the chairman, president and ceo of american electric power.

welcome back to "mad money." >> hi jim, great to be with you again. >> all right. i'm reading the release. it has, i have to admit, did you ever think you would more than double the return of the s&p in a big up year? >> well i thought we had opportunity there, but it's been a great ride for the investors over 35.1% increase on the total shareholder return basis over the last year. so it's been great. >> you've come on time and again. i always tell people look don't outthink this thing. it's a good company that pays a good dividend that's the biggest in the country and you continue to deliver. now, in this environment where we just had dramatic cold weather you mentioned, at one point in the conference call in summer, we took advantage of extreme weather conditions performed well. i mean, when i see extreme weather conditions i tend to think aep. >> usual lip when it's cold weather and not really wet snow or anything like that, we do very well because customer usage is up and the market's up. we're able to take advantage of

that. that's exactly what happened in the first quarter. we took advantage of it during 2014 and advanced o & m spending operation and maintenance spending so we could do things much more quickly. and it's turned out great for us. >> i've got to ask about the shale situation. you have many, many businesses that are in your region that are doing much better. it's almost every single part is high demand. at the same time you've got a chart and presentation aep industrial sales growth aep shale gas counties. where are you in terms of shale gas and drilling stops, you lose the power sales you might go to those companies. but gain in the companies that might be moving in your area take advantage of low cost energy. >> yeah, that's exactly right. we feel like the shale gas counties obviously have been a big producer for us from a revenue perspective. and also when you think about the growth there, other parts of our business which are pretty diversified from an industrial

base. so other parts of the business benefit from low oil and natural gas and gasoline prices. so other parts of the economy are starting to pick up the slack. there's a good element of diversity there to hedge each other. >> yeah, i mean, you're talking about an amazing -- if i didn't know any better i'd say in your region, nonresidential construction, construction, these are really beginning to show major gains year-over-year. >> oh yeah absolutely. we're seeing now -- we're finally seeing in all three sectors, industrial, commercial and residential growth in the order of 3.1% overall. but when you look at the residential 2.1%, commercial, 3.5% and industrial 3.9% quarter over quarter, that's a pretty healthy, robust mix. and we're seeing construction occur, we're seeing certainly job creation occur in the territories. really, you see the economy rebalancing in many respects. >> now, there was a story in the deal.com you reference about the

idea of maybe selling the unregulated business. you know i -- you've got a lot of assets. and i was trying to figure out, what does a utility do if it sells a big business? does it return more capital to shareholders? put more money in infrastructure because the epa is so onerous for you. what do you do if you had a big chunk of money given to you? >> our plan would be to re-invest particularly in our regulated infrastructure including the transmission business. as you said, we're the largest transmission provider in the country and that transmission expertise gives us the ability to spend capital in that area. as a matter of fact, last year, we took advantage of the first quarter and actually piled more money into the transition investment. we'll continue to do that as funds become available from a capital perspective. >> what do you think about fuel costs? i'm seeing some numbers, by the way, in marcellus and utica area where the forward curve is indicating to me that natural gas is continuing to go down in that area.

we know coal from norfolk southern union pacific is very competitive. it just looks like a bonanza for anyone that needs fuel right now. >> yeah, fuel costs certainly will reduce for customers because you're starting to get in the territory where coal and gas are competing. and that's good for us because we have the flexibility from both aspects. we have plenty of coal plenty of gas, and they can play off against each other and we have the flexibility to take advantage of it on behalf of our customers. >> well, you have done a fabulous job and we've been behind you the whole way, i'm proud we did because a lot of people thought aep was fuddy duddy, but i know your reputation for doing everything right. congratulations. chairman, president, ceo of american electric power, great job. >> thank you, jim. >> guys you know what we've been saying over and over again, they know their business know what they're doing. everything's coming down, aep will deliver for you. "mad money's" back after the break.

it is time it is time for the "lightning round" on cramer's "mad money." rapid-fire calls, you say the name, i tell you whether to buy or sell. play until this sound and then

the "lightning round" is over. are you ready skee-daddy. time for the "lightning round" on cramer's "mad money." richard in new jersey, richard? >> all right, jim, rich from springfield, new jersey. >> right around the corner. >> caller: yes, i -- thanks for everything you do for all us. i watched your show for years. i bought mcdonald's quite a few months ago. two dividends out of it. okay. i bought it around 95 it's down very low, you know about five or six points down. i was wondering if i should keep it or sell it. >> no, you want to hold on to it. they had changes at the top. mcdonald's's, mr. thompson's out and coming in and i think that could -- that could make some change happen. i want you to hold on to mcdonald's. if anything, i want you to buy some mcdonald's. let's go to dave in massachusetts. dave? >> caller: hey blizzard greetings from cape cod, jim. >> man, you got that snow big time. what's up? >> caller: it's been a barrel of laughs up here. my stock is general mills,

long-term. >> this stock won't quit. have you noticed, even though it missed -- last quarter was good. this is one of those stocks if it comes down tomorrow because the market is ugly you pull the trigger general mills! >> by the way, if that were nestles, i'd buy the whole company. gordon in oregon gordon? >> hello, jim, i appreciate how you help joe six pack like myself breakthrough the lexicon. i'm researching a company. i want a well-capitalized super regional bank with an expertise in commercial real estate lending and a solid dividend. the ticker's mtb. >> oh, man, you know what m & t, you got it right. i was thinking you were going to say first horizon. m & t is terrific. i suspect tomorrow interest rates are going down someone's going to cut numbers of the banks, you pull the trigger. joe in minnesota, joe? >> caller: cramer big minnesota boo-yah to ya. >> yes, what's up?

>> caller: hey, listen, i bought isis pharmaceuticals at 31. i'm wondering if i should buy more. >> no, you took the house's money out, now you let it ride. just let it go. let's go to dave in washington please, dave? >> caller: hi, jim, how are you doing? >> all right. how are you? >> caller: well, pretty good because i'm in the northwest, instead of a boo-yah, i'm going to give you a -- >> okay. >> caller: and bought when it was the penthouse and now it's the out house. >> zulily it's funny, i like bricks and mortar. you get nordstrom at 75, that's a lot better than zulily down here. do not sell mcdonald's people could be big change afoot. change is going to come. and that ladies and gentlemen, is the conclusion of the "lightning round"! >> the "lightning round" is sponsored by td ameritrade.

so, how do you feel about cash back? i would not say i'm into it. but let's see where this goes. [ buzzer ] do you like to travel? i'm all about "free" travel, babe. that's what i do. [ buzzer ] balance transfers -- you up for that? well -- unh. too soon? [ female announcer ] fortunately, there's an easier way, with creditcards.com. compare hundreds of cards from every major bank and find the one that's right for you. creditcards.com. it's simple. search, compare, and apply. [

having one winning stock may be great, apple anyone but a diversified portfolio is how you keep your money safe and growing no matter what news hits the market. i'll tell you which stocks have earned a spot in your portfolio and which need to scram. by playing "am i diversified." you tell me your top five holdings and i tell you whether it's diversified or not. speaking of earnings, let's go

to twitter. @brandonadams says @jimcramer psa, pay, dfs and pm and bp am i diversified? boo-yah. we've got to go over these. i happen to like public storage. it's a very expensive reit. i pay them a bill every time it's a utility, phillip morris another good yielder, discover i did not like the quarter at all. i don't want you to own that stock. and bp, the oil company i'm a little bit worried about because under the gun from the federal government. maybe buy some chevron after it reports on friday. if you want oil with a good yield. and discover. no i would rather go with key bank. little small company. beth moon did a good job. let's go to bob in florida, bob? >> caller: boo-yah, jim, thanks for taking my call. >> of course. >> caller: see if i'm diversified. apple, underarmor, gilead sciences, facebook and starbucks. >> all right.

now, here's -- these are expensive stocks underarmor is a very expensive stock. it's a great apparel company, i like it here. gilead, biotech, terrific company coming down a little bit worried about price competition, apple, obviously, you know how we feel about apple. apple and facebook are tech. we're going to have to make changes there. i do like both. you can pick which one you want to sell. but, and then starbucks, of course, the restaurant and food business. but i'm interested in owning an industrial here. i think the industrials have been thrown away. you know what i mean, you could buy a boeing. probably goes down tomorrow. pick up some boeing. that was a great quarter. let's go to dennis in michigan. dennis? >> caller: hello, jim. >> hi dennis. >> caller: my stocks are -- 3m, microsoft alibaba, mgm and celgene. >> oh another good portfolio. celgene, done a masterful job, expect the stock to come down

that'll be an opportunity. an amazing quarter in 3m that stock refuses to come in. i should have recommended that to the previous caller that's a great one. microsoft, horrendous quarter, but it's going to bottom soon because it had a 3% yield, looking for it to go to 37 38. mgm, i like that lvs had a good quarter recently. and alibaba, i prefer to own it with yahoo. let's see, we've got -- let's call that social media, casino tech, industrial, drug i'll make that work. that's fine. stick with cramer. you need to catch the 4:10 huh? the equipment tracking system will get you to the loading dock. ♪ there should be a truck leaving now. i got it. now jump off the bridge. what? in 3...2...1... are you kidding me? go. right on time. right now, over 20,000 trains are running reliably. we call that predictable. thrillingly predictable.

huge morning on "squawk on the street" in the morning. you want to be there. listen mcdonald's the change at the top, it could be sizeeismic for that stock. facebook, i like what they say. i don't care about the expenses but some people do. what a tough day. volatile market. i'm telling you right now, this is a different kind of market from 2014. you can wait until the pitch comes right in. don't swing until you get it, though. i like to say there's always a bull market somewhere, i promise to try to find it for you here on "mad money." i'm jim cramer. see you tomorrow! >> tonight on "the car chasers"... we are breaking some land-speed

records today! chitty chitty bang bang! we just got to auburn. >> $7,500. $7,500. $7,500, $7,500. >> nothing is selling? that's not good. >> we got to talk business. those cars really need to sell. >> babe, we're on the same page. >> oh! >> oh, my gosh. >> sold! >> i'm jeff allen, and i buy fix, and flip cars. along with meg, my partner in crime, and eric, our mad scientist, we're flat 12 gallery. my main competition is still my dad, the toughest negotiator i know. this year, flat 12 gallery's going bigger... >> we could hit a mil! >> yeah! ...better,