smoke there is fire simon, great having you on board. >> is that it? >> that's it. read it man. read it. >> read what? that? i ain't got enough words. i'm simon hobbs, catch fast money >> 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 just want to make you some money. i gas i can make a bit of an exception for my guests today

becausepy job is not just to entertain you but to teach and coach you. call me 146800-onbc or of course tweet me@jim cramer. you know what we should call this market the magician market. why? because every time it looks down for the count, this market pulls a rabbit out of a hat. so we want to open up nicely nasa declining .20% t. magicians still managed to mesmerize the audience with a fantastic run. this time in the health cohort. why? because today we learn that the supreme court upheld obamacare. >> that led to jaw dropping gain i gains in the health care stocks. universal health at 7.7%.

remember in legislation was a huge windfall for these companies, because it created millions in new maisht patients who could pay for their service, so the supremes created instant wealth. as they told you, you can't hurt gain, no, you just have to wait. those who wait got them. anthem is trying to buy cigna. it's all good for these hmos because they too, help break the affordable care act. as i have been saying for weeks, five hmos are going to three. now it looks like that's the case. one more good news in the health care sector after the close, after valiant apparently made a preliminary approach to buy cramer fav zoetis spunoff by pfizer not all that long ago.

of course, i wouldn't mention a positive single sector. not a one-off move like this it's become an every day occurrence with some group always seeming to magically appear in the plus column out of nowhere. it's the nature of this market. why is the general direction of this market still lower in spite of these positive single sector moves? why? blame greece. greece, of course, yes, greece is where i think the news is all bad. i want to give you the stinny on the situation as i see it. first, i think the talks with europe are nothing like the press. my feeling is that the greeks have offered a michael core leone file to the germans. it's the same offer michael made to father geary. can you have my answer now if

you like my final offer is nothing. that's right. i think greece isn't going to make a single concession from here on in. they have nothing to lose. this government was elected to fall. that's what it wants to do. i think they're telling the germans you cut the debt load to a manageable level, say 30 cents on the lyra now or we'll default and your cred force will get 30 cents later. that's right, cut the $300 billion euro debt to $100 billion or greece will do it for you. i think the greeks want a marshal plan remember german companies have been able to dominate all europe thanks to the euro. they are in some ways the winner. everyone else is treading water. so the greeks are saying we have sacrificed and not germany, it's time for you to sacrifice. yeah they want a marshal plan

style bailout. they want pure handouts. no more loans given that the germans want to punish greece for its profitacy, they don't believe the greeks have given the old greenl try. there is no more meeting of the minds, whatsoever which is why the talks, they call it talks, have become so hostile. now you know close observers of the show why my nickname for angela merkel is herbert hoover in a pantsuit. because going into the great depression, president hoover was adamant the government not intervene in the economy. right until almost the end when it was certainly too late to save us. i think that's merkel's view on greece. she thinks it's her own darn fault and they need to pay up or else. except, she hasn't told us what her else is. are they selfless clueless about world events? i don't know i don't think they know t. greeks on the other hand think the greeks made a killing and now it's time for the germans to get back.

they believe germans into ed to transfer money to the greece because they have been huge beneficiaries of this experiment and the greeks have been gigantic losers. and they've made a real good case that lending greece money in return for austerity hasn't worked. to them there are only two things that can fix the situation. either the germans can sell the debt or the greeks get their own currency, which will make their products cheapered and transform their country into a growth economy. you know what they could be right. najt, i think at a certain level it is germany's fault that they leant greece so much money. why did they lend it in the first place? in short, i think this market understands that greece is about to become another venezuela, except without fuel oil, because when greece defaults, its biggs politicians will turn to the same country that venezuela is turning right now, china and

russia, which are more than happy to oblige. these two states will bridge the gap and greece will begin to pay off on their defaulted bonds when they're good and ready. because then there is distinctly subpar scenario as i say tonight i don't like the setup in our markets. when people realize my view is a distinct possibility. if this modern day herbert hoover doesn't blink, then we can finally focus on the fundamental also. and we don't needsal alchemmy. never forget there really is a lo lot on the line here. in the meantime bottom line is you should accept more of this nonsense until my bleak view becomes the consensus view. we will still get helpful moments. i simply cannot and won't get more bullish on the market until

this is resolve. the pain is not over until either the german lady sings or the greek stands. why don't we take some questions? >> boo-yah, jim, my questions is from disney lots of love about the story. great management team. world class a great i.p. portfolio, a major blockbuster teams coming up in years, i feel it's gone up every day. i haven't had a chanceb to put a position in it. my question is, do i buy now and hold and hold for long term? what should i do? >> first, jim, that is a great question. here's where i think you are right i am outlining a posture that greece can go bad. what will happen? everything goes down. disney is a part of the ap p s&p 500. will you get your moment.

even when you get that moment you want to buy 200 shares? take 50. who knows, it could be day four before we bottom. but i like the way you're thinking. y. >> hey, jim, i'm janice from new york. >> hi, janice. >> i want to ask your opinion on polaris. i have it for a few years and it did well. but it looks like it's fizzling now. >> i don't know, i trust so much. a navy guy. what i saw recently is the motorcycle sector is really it's starting to turn around. i think the guy has a total beat on the american consumer. i'm urging you to stick with polaris. if you get hit, why? scott is pal panel. good call. >> jim, i have a question about the tiffany. last month they increased their dividends from 38 cents to a quarter to 40. i was just wondering how that's going to affect the stock price. >> you know what's interesting about tiffany? they did not have a good quarter. but they put in their release

they're going to have a great quarter. now the honus is them. they better do it. i don't like situations with the expectations that high. i say wait. all right. we got pain nonsense and a pretty bad setup until the market pulls an entire rabbit out of its hat, not just a sector rabbit. earning season is around the corner. we can put you in a house of pain. i good your guide on what to expect from more than a dozen stocks on the market. then they all got cheese only one can deliver the most dough. don't miss my take on the hottest pizza player in the game. the hottest stock in the planet. up 90 cents this year. keep smoking in my exclusive with the ceo. stick with cramer!

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[ applause ] >> with earnings season rapidly approaching come july i think it's worth a moment to look back at what's happened so far in the second quarter. so we can prepare ourselves best for what's ahead. for starters we know that u.s. stock versus moved up nicely in the second quarter. at least as of today with the s&p 500 attacking 1.7%. nasdaq bolting 4.3%. health care has led the way as the strongest performing sector followed by the financials information technology and consumer discretionary groups. meanwhile, the rest of the world most are flat.

asian markets have done well. nikkei average rising 8%. hong kong up more than 9%. what else? with west texas intermediate crude. interest rates have climbed dramatically advancing 1. % at the end of the quarter. and the super freaking strong dollar which has been punishing our international companies since late last year has finally stopped going higher as the dollar is down 3.2% t. euro is up more than the green back. if you own stocks you want that trend to continue. first of all, we need to see an update on the effect of the earnings. all right. last quarter, the strong dollar

rick james. for under performing multi-national companies "across the board" so now we'll see the dollar has, indeed peaked to hedge their currency risk. a strategy has been absent over the year you'd think someone would take decisive action. this is the group that until recently had been in the doghouse for ages because what the bank makes off lending out your deposits they were practically in the gutter. this past quarter, they've climbed substantially witness the yield 25%. that's fabulous for the financials. they should benefit when rates go higher. sure, they rallied this quarter. i think they've got more room to run when i bust j.p. morning and

morgan stanley, too. next up when earnings season gets under way. we will find out the fears are way overdone. analysts are expectsing earnings to be done 63.5%. here's the thing. these estimates are essentially unchanged from a few months ago, much lower than the $59 price target. if you are an analyst, it's safe, in the coming weeks, i think we're being too conservatives. the major dependents conoco apraech and most of all, marathon oil all look pretty cheap here. i think there will be a spate of takeovers in this group there coming quarter. something my partner david faber from stock on the street realize.

at a higher level, the restaurant we like so much is benefiting from gasoline. i expect a bifurcation the weaker player is starting to put up mediocre numbers. what else? i think it's worth ceos in a second conference call. just this week we learned long time ceo will be stepping down at the end of the month. to replace the current officer. lately boeing has been punished by that strong dollar. your subsidized airbus. so in reports in less than a month, let's see if nuremburg will be able to stay with the positive with that super freak dollar. well it concentrates the mind. there is cisco, a network tightened to the midst of a big

transition of cyber security. yet the stock is only up 2% year-to-date. partly because long-time ceo chambers is leaving. still i think he left his successor chuck robbins with a terrific company. let's see if he is continuing to let the new ceo on "today" show took over from the ceo. while this will be his second conference call he needs to talk less about burgers and more about technology and the more remarkable attorneys overseas. why does he take credit? first, cramer faced filt fitbit the number one maker of fitness trackers, this will be fitbit's first quarter since a public company and first quarter since the apple watch hit the market.

right? right? oh the wife's call oh i'll get it later. so let's see if they can maintain their stunning growth rate. remember the watch costs twice as much as the fitbit. secondly i am curious about twitter, who isn't? for harters, who will start the conference call? dick costolo is supposed to step aside, he's taking a step on the board. maybe perhaps jack dorsey the interim ceo will take the race? then again, he is the ceo of square. maybe twitter will throw him or her into the fire. first i'd like to see the call handled by anthony noto, an old friend and the chief financial officer who has the core respect of wall street. whoever the ringmaster may be i expect twitter remains a circus. here's the bottom line now

eknow what to expect. don't worry, i will recap all the action as it unfolds in the weeks to come. much more "mad money" ahead, the most delicious stocks on wall street. i'll review the name and tell you why you have a lot more room to rise, it's the only exclusive far ma. more on bed bath & beyond and so many more. go to the other side you know what you want to do you want to stick with cramer!

>> some of you may have noticed the full page ad taken out in usa today by papa johns. it is the chipotle or panera bread of pizzerias, because they use so many high quality ingredients and few preservetives of artificial flavors. i mention this i think it's an example of how competitive the

pizza business is getting. major chains are looking for a way with the competition. that's why tonight we're stepping into uncle jimmy's pizza, to settle a taste test. to help you physical out which pizza stock is the best one to own. could it be this one? it certainly says the right thing. now, believe it or not the industry is pretty darn hot. last year it was a steady 3% clip in the u.s. to $38.3w456789 josh pains using their mobiles from small mom and pop that can't afford the technology. oh, the $96 billion pizza market, what's the best way to play the ms. i pizza doctor?

it's dominated by pizza hut, domino's little ceasars and papa murphys. however, it's one part of the quick serve giantb and little ceasars are privately held. that leaves us with three in place, guess what if you made a killing. domino's rallies, papa murphy's 128% him but i can't just tell you they're all good. my job is to help you identify the best of the best. so as the first step let me walk you through each company. start with papa murphy's srs. it's fresh. yes, it's the newest having come public in april of last year. i like papa murphys, i recommend it. since then it's givens a 29% gate. it's more of a growth play.

management believes they can only expand to $4500 stores. it's different than your traditional pizzeria. they have a take and bake business model. you know what they do? they make the pizza in front of you. then you take it home and critique yourself. it's a terrific business model because no pizza ovens means less overhead and papa john's is trying the stick out of position it's a better pizza model. >> that feels like a kind of a stretch to me. i can't deny they are hsu 4700 stores. 29% are located overseas. the company is quick to test its prowess. last but not least, there is long time cramer fav domino's pizza which has given us a near

1,000 percent gain. >> since i started a turn around orchestrated patrick doyle, remember those ads where they admitted the pizza tasted like cardboard. roughly 56% of those stores internationally all of them are franchised. it's advanced mobile ordering system. i love it. maybe twitter can make some money. now that you are fanliar, let's do the stock equivalent of a blind taste test. all right. well, anyway meeting to compare the numbers, same store sales. papa murphy in the latest quarter was a deceleration from

8.4% a quarter before 7.7% internationally, papa john's it represented an act sell racing but a deceleration. and rising 7.8% overseas up 6% in the previous quarter. domino's growth has been accelerate across the board. however, when you look at the overall total sales, it's papa murphy's but that's thanks, to new store option. that's 7% of papa john's 10.76 of dominos. papa many murphys is a small up and comer with the fastest growth. labels among top pizza brands

although being one of the cleanest among the top pizza chains, it doesn't matter to me. domino's trades 28 times but you know what's the cheapest? pappa john's and murphys astro nom tal 33 times. the latest evaluation is the clincher. not only is domino's the best operator, it's got the least expensive stock. up here off it's all time highs when it comes to the pizza wars it's stock is also the bargain versus the competition, which makes dpz stock the best of the bunch. you know what as for papa

john's i just can't get behind it when dominos has better number s numbers and new jersey. >> wow, i'm on jim cramer. >> thank you for coming. >> great. you have a great staff, very kind and caring. >> they want me to wear a silly kitchen hat. >> it looked good on you. >> we'll do this, sorry, john. >> yes does this make me look like a conehead or a pizza guy? >> it helps. >> go ahead. how can you take me seriously? >> you got great energy. it's a pleasure. >> thank you very much. i have a position in sfm sprout.

since i bought it it's done nothing but go down. how do you feel about that? >> here's the problem, there are so many good operators. that happens to be at an amazing moment, sprout is a good operate ore, fresh market croaker, costco is a good operate ore, target is moving in. when i say forget the supermarkets. let's buy up here. let's play the arms dellers, not the guys in the actual war. thank you for those kind comments and my as to have deserve it yes, sir. >> i'm from new york. boo-yah to you, jim. >> major league. pizza boo-yah coming at you. my question for you is shak on your ipo recommendation. i love danny meyer. i have been to a lot of his restaurants in new york city.

i'm being greedy up 50% here do i ring the register or buy more? >> there is a tough one. i'll tell you why if you're like me, it's a true treat, but stocks up a lot and each store is valued tremendously versus others so i have to tell you, i take half off as i say when it got to 90 it got too hot for me. just eat there, maybe take a little off the table. all right. if you want a piece of the profit piaa, stick with domino's. this company comes out as the winner in uncle jimmy's pizza, it's screaming by. much more "mad money" ahead, including my exclusive blazing right now. far ma up 90% for the year. is it too hot? i got the ceo. some of the biggest games in retail. don't shock them until you get my take. i got you, from compositestkoto wal-mart. why don't you stick with cramer!

it's time to get blazed in one of my favorite chart stocks which is shall i say smoking

hot? i can't resist. gwph. the london-based company that's the one truly legitimate play the only one i've ever endorsed on medicinal marijuana, uses great genuine medicine. the company already has one product from spasms is currently on the market in 27 countries. it hasn't yet been approved in the u.s. it's up more than 7%. almost all of that because of a potential block buster in the company's pipeline an orphan drug that treats pediatric epilepsy, which currently is in phase 3 clinical trials. they have been incredibly positive in a real unmet need. it's promising formulations, but most importantly, this company has a huge host of catalysts coming up over the next 12 months which is why he can have more room to run.

please remember. this is one of the most volatile stocks, so we must always be careful. limited orders. let's check in with the ceo, hear more about his company's process, welcome back to "mad money." good to see you, sir. >> thank you. >> first, congratulations on all your success. >> thank you very much. >> though a lot of people who initially said wait a second medical marijuana, i don't know but in truth, you are wolfing unmet needs. i think you have to talk about this epilepsy program. from my doctor he says this is the most important thing going. >> when we talk about to remind you, medicinal marijuana, with gw we're talking about real science looking at the components of the plan t. plan is the source of the molecules, but what we end up with is a medicine like any other. >> that's important because you can duplicate it over and over yet it's the same. it's not like when you go to

different pharmacy houses who knows what's in it? who knows what is in yours? >> gw totally directed towards there effort. we have a skill set in understanding what the requirements of fda are with regard to these medicines and really taking this forward and meeting the needs, some very serious unmet needs. >> let's talk about this. it's apparently very big. >> that's right t. passion we have is obviously one for the science, but primarily, it's around meeting the needs of parents with young children with really difficult treatment resistant forms of epilepsy. we seen very encouraging data more sense i was last on this show. as you said in the introduction we have some critical milestones, four phase 3 trials up and running right now, data from the first of those will be at around year end, the others will be early next year so there are some important inflexion points from this company.

>> a lot of people said you hired someone in my view i view as a terrific guy. tell me about the changes. >> that's why. a few years ago, we were a small british company. things have changed dramatic dramatically, the pace of change will continue. we just hired the former president of north american for allergan the $70 billion company to run our north american business, as ceo, i'm working alongside this individual. we have a commercial infrastructure. we are doing much more clinical research as well. this is the country in which our future lies and depends. >> let's talk about that. because in this country, it's still a schedule 1 felony for many companies to do work with marijuana and the government has

held there is no medicinal value. how do you get around that? >> we proved there is medicinal strue the substance of the products we're seeking to treat. >> that is possible in the united states today can be researched in the united states. so the toelt trials require significant oversight from the e and fda, but having completed those trials the fda approval a facilitates access to prescription medicine just like any other. >> how do we as parents keep our kids from abusing? >> well the molecule that we're studying for epilepsy as an examining does not make people high. it doesn't have thc the component of marijuana people associate with the high and the abuse. so here we have an interesting write have a marijuana plant but products and medicines we have a different effect from marijuana as termed in the recreational

world. >> now a lot of the bears at jim cramer say, jim you've liked the stock no real earning, come on. this is not a pfizer. i think we know that drug stocks trade more an approvals and if there are a lot of biotech stocks for instance that started without a lot of earnings potentially worth a lot of money. >> that's right, earnings are not the way we should be judgeing biotech companies at this point it's a ricky business t. rewards are pretty profound if drug like this can come to realization and really make a difference to the lives of patients around this company and around the world. >> i am very cognizant. i know people always say wait a second, there are bad pain medicines ordered, oxycodone, there is an epidemic. is there any hope down the road that maybe something is less

addictive, it could be used to combat me. >> when we started at gp. this was not just about epilepsy, it wassant a drugs that have been overlooked in modern history and taking them through and exploring their science. they're a clearly annal geesic we're looking at diabetes schizophrenia and cancer treatments as well. the opportunity unlocks in my view the potential we have been creating over the last 15 years. >> why does it work so well? the receptors? what is it about this medicine that has a far preaching implication? >> ha hughes lateing mechanisms there is strong preclinical rational to support the anti-seizure effects of this as well as the other potential affects in this area. real science.

>> we will follow your company. i hear everything e everything that i like to hear. thank you so much t. ceo, "mad money" is back after the break.

lightning round is sponsored

by td ameritrade. >> it is time it is time for the lightning round. or the guest hit -- my staff is special. it plays out and then the lightning round is over. are you ready ski daddy? the lightning round, hit me! >> jim, from new york we pick you up from brooklyn green mountain, i love the products a lot of news what do you think? >> this new cool product, apparently there are issues, if you want to play green mountain through koerks i would bless that. by the way, let me be clear. i think monster beverage is a -- >> buy buy, buy. >> jim, i'm from yardley, pennsylvania, a long-time follower of your show, a lifetime sports fan, go eagles? what are your thoughts on hlo? >> that certain group halo and

bloomberg. i like this. >> jim. >> los angeles sans. >> anything happening? >> the chinese have cut down. let's be careful. >> yes, from connecticut, outer wall. >> no no i just the earnings quality there is suspect to the point it's up down up down. i can't handle that. let's stay away. yes! >> i appreciate the opportunity to be here live in cramer's house of pleasure. >> thank you. >> one you thought a small biotech is doing work zoma corps, xoma? >> i want to be careful, xoma yes. >> hey, jim, nick from new jersey, a big boo-yah from my son nick jr., watching at home a huge fan. >> also when the younger people watch. >> a big thank you for me for creating show my entire family loves to watch.

maritime. >> i look at it. it's very interesting, i did a lot of work listen up i think it's got more progress coming in terms of the next two quarters. yes! >> hey, jim, eric from omaha, nebraska. a big boo-yah. >> fantastic. >> i flew in. looking at a couple. how about southwest? >> i a you the other day, i would never slap a sale with gary kelly as the operator. i will say this i there i the airlines will have to wait to see the quarters. they will cause a numbers/aim then we go the next level. it will be delta. that's my thing. yes! >> hey, jim, robert from new jersey. devonn energy. i've had it for a while. >> i think devonn could be a takeover target. natural gas i'm going in, i'm not kidding. i think devonn is right. yes, sir. >> john from the bronx, living in connecticut. got all your books. >> thank you. >> ibm.

>> all right. i think ib mr.'s quarter will be difficult. it has brought me super freaking strong dollar. i think im is trying to make a comeback. it will not be this quarter. i did like that deal with box. by the way, yes, i do like box. >> jim, david from highland city. love to be here, ebix it's been in a quarter for year. what do you think? hold or sell? >> sorry, more? >> yes. >> jim, america has produced steve job, you are the great. >> i appreciate it. thank you. my mom would like that but, you know, go ahead thank you. >> i want to ask you about pfizer because i am holding 55,000 shares of pfizer. >> wow, that's good you get a good yield. think about pfizer they got rid

of zoetis. many good divisions, i have to tell you pfizer is one of my least favorites. i even prefer bristol-myers to pfizer. >> that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create .

>> look. we have do you many retailers.

too much good omni channel. too much competition and that's how i felt when i went through that bed, bath and beyond quarter just last night first let me say i love bed bath. i happen to live three minutes from the original store when we go to the beach house, the trash cans, throw rugs you name it. across the street is harmon their dulles count drug store division. everything toothpaste soap cosmetics. my duties and i come with the place. we get the deals. we feel like we're getting the trick bargains you know on that wall, when you are leaving, small travel sizes, i don't know why i don't love them. i think if they were a target closer the new target the remodelled ones i think i'd go there and get everything bed, bath and that's how much they've gotten under ceo brian kornell. if i wanted to i can get everything from amazon.

i got that amazon prime. beach stuff? how about that catalogue? sensational or wayfair online if you want discounts or the jos & main online. compositeco has good ones, it happens to be further down the road. therefore, it's inconvenient. for me, not the people who are closer. i don't know where j.c. penney figures in. only sear's holdings are shrinking, not fast enough to help anyone than the short sellers. there is too much competition out there. i say bed bath put up is pretty darn strong sure it's not strong enough if your stock ran in anticipation of the private, i closed down $1.11. it's enough to satisfy investors simply looking to get a good retailer. which it obvious isn't yet. ever since target and wal-mart got new management nordstrom

stepped up the presence i have realized you have to be very careful in this group. too many players to enumerate here. we often hear the consumer is inned be shape when we see certain retailers, no, i know that's the case. you be it's higher for years. do you know we're seeing too many new hassles, first 500,000 average for the seven years of the downturn be i the way, cramer from home depot. there are plenty of shoppers out there. through the internet everything in the retail cohort a complacent retailer is a dead retailer. even a good one like bed bath it can be left behind by technology. too many stores too much competition. retail is a tough group. i think over time it will only get tougher as customers get more acquainted with mobile websites and lose all royalties that were once etched in stone.

stick with cramer. hospitals using electronic health records for more than 30 million patients? or that our software helps over 20 mill .

and likely like he's saying why not? the futures are good the earnings are exploding. hey, they missed the market. there is always a bull market somewhere. i'm jim cramer. this is "mad money." i'll see you stormy km.

fire two more risottos. that's four all day. fire white. new york is the undisputed dining capital of the world. all i want to do is just win. win. this restaurant's my life. it's gonna work no matter what. narrator: 24,000 restaurants. help plate. all the food is sitting here. -you're losing money by the minute. -i want the money by the minute. narrator: three businesses fighting for their piece of a 34 billion dollar industry. there's always a next great restaurant opening. are we as busy as we want to be? no. a million dollars is bull (bleep)! it really is. narrator: an empire in transition. with michael gone, the pressure is unilaterally pointed at me. for the first time ever, we lost money. we have a problem, and if we don't turn it around we go out of business. arrator: a fading mom and pop. the numbers are way down this year. our family legacy is on the line here. go the (bleep) outside! you mi