next to each other on the plane today. >> how much fun is that? we'll hold hands. iwn the russell. does it recapture 121? that's what i'm watching. >> i'm melissa lee. thanks for watching. see you again tomorrow at 5:00 for more 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. hey i'm jim cramer. my job to entertain, teach and put it in perspective. call or tweet me. never forget what brought you down. never forget what can bring you

back up, but people do, which is how this market could go into free fall with the dow plummeting 277 points before gaining senses and finishing flat. nasdaq coming back. most people don't step back and reason. for example, the oil stocks have been declining for days on end and widespread contention that oil complex was the single most dangerous group out there. then last night real "mad money" presented a clinical analysis negativity toward the group via the charts. good picturorals and observed

climax low and then big bounce. most of you, according to my twitter feed seemed incredible o -- incredulous. wala, we had the biggest oil stock rally in ages. that's what i mean by clinical analysis. the dow has been down eight out of the last nine days. but like new oil this kind of settling can get over done. the s&p took another header last night. down 20 ticks when i got up. chinese wouldn't be this wreckless moving this quickly unless things cooled at the retail and wholesale level,

consumer and industrial. we like instant validation. like the retail growth of alibaba, great growth, but nowhe nowhere near we were expected. when we interviewed the ceo this morning, couldn't be knocked off his wrap. i didn't expect him to be a politician like donald trump but would like something other than the acknowledgment he is monitoring the china economy. that's his mantra. shares there could have been sold long ago but trying to avoid the bill. yahoo stock jumped $3.51 after

hours trading. at the time al baba at 102 now yahoo has fallen in unison to baba plunge. i always urge you to pay the tax man rather than risking big gain. they are at a loss of $117 billion in market cap. wow. china pulled down a host worldwide like wiki ringum and crossed all commodities of all sorts. not just the minerals but the grades, aided by a booming crop report. here's where it is interesting, china didn't pull down crude. i mentioned the rally early in oil but there's a lot to work. it must be addressed clinically not emotionally. go back to earlier, when i said

i'm sanguin about the market because the indicators i'm looking at are flashing green after profoundly flashing red. i'm keen on the super freaking strong dollar. ♪ you should know that hearing rick james screeching or even his guitar work a decry a strong dollar. it is bad for the earnings estimate which will have to keep on being slash if the green backs go higher. but this morning the dollar went lower not higher. the market looks really scary and i'm worried. when you have a totem like that going the right way you want to take the other side of the sell trading. you don't want sell, sell, sell. you want buy, buy, buy.

why did the dollar get weak another thing, one of the major reason the dollar is so impossibly powerful is the majority of market part pants were betting on a fed rate hike next month but the ensuing events in china shocked people and unless the fed does nothing the china evaluation might have chilled the rate hike talk. that has caused the euro to go some what higher on its own muster. not bad. a weaker dollar could stabilize. could be interpreted as bullish. however the plummeting of other commodities contributed to other markets staying low. making utilities go higher. positive. i reiterate as more is to come as 3% yield as benefit commodity

organization like general mills or proctor & gamble could rally. here's a first, the oils, up higher. the oil stocks led the commodity complex down. could they be saving the reversal that no one believes in, other than the ceo of core labs, david demshier who told us, that we're probably done going down. maybe he's wrong and everybody else is right. one more thing i want to see. apple shook off china in every cok orks ala, grizly and ended up rallying up after being down as low as $109.63. sure it is being hurt, however apple now trades eleven times

earnings excluding cash meaning it is starting to factor in steeper cellphone sells could be occurri occurring. further, the apple watch isn't the total wash out everyone seems to think it is. first fossil -- noted apple watch. if macy's, wouldn't it be something to see someone else wearing an apple watch besides me. aren't i the only user? tim cook probably has one. that's what the pundants think. not all is good. the banks are in limbo. don't have higher numbers. high growth stocks beyond all reason. i was having work done on my teeth and they had cnbc on and the drill felt better. however i can see a silver lining. namely, the high growth toings

are last to be slaughtered in high growth sell off and slaughter they had were with breath-takingly horrendous interday collapses. but the late day rebound will have staying power if china shuts up for the evening. might be hard for them to do. still the fact is a reversal from down to up makes the bears scared. it reminds them that after eight of nine down days you can't be more complacent. bottom line. never forget the true truth. weaker dollar, lower interest rates. quiet fed. higher oil. you may think these indicators shouldn't work. i mean, who wants higher oil? but should or shouldn't work isn't as important as what actually works. so when these forensipositive sp

we were able to rally off negatives that looked like nothing happened but more happened today than more than any other day of this bizarre summer daily and now interdaily agony and extsay. steve in florida. >> johcaller: i'm calling about lightning halo. they reported estimates monday, $18 million more than analysts expected and turned profits of 2 cents a share and analysts expected loss of nine. after it beat estimates has your been of the stock changed? >> i like the fact had he have a pact with av ooirks.

pact with avi. this is good. there's so many companies out there i worry but you're okay. can i go to paul in cal kl. >> caller: thanks for taking my question. >> of course. >> caller: how do you think the devaluation of cf and maybe three to five year outlook. >> the thing is roaring and continues to roar that will continue to be working. let's go to rich in maryland. rich? >> caller: yeah, jim. good to hear from you. i'd love to hear your thoughts on towr, parts car manufacturer for ford among others, gotten killed lately. >> i've cooled on these stocks, on anything auto. i think we're at peak auto sales. it don't matter.

i think people want out of these stocks and i'm going to let it go rather than fight the fight with the parts auto guys. what do you get with weak dollar, lower interest rates, quiet fed, high oil, a rally, which is exactly what happened today, agony and then extacy for the bulls. on "mad money" i got a potential game changing stock up nearly 130%, today chance to buy? i got the ceo. and then macy, fell after lack luster quarter but can they bounce back. don't miss my take. and earning solutions for new ceo of cisco. stick with cramer.

my name is mark amann. i'm a gas service rep for pg&e in san jose. as a gas service rep we are basically the ambassador of the company. we make the most contact with the customers on a daily basis. i work hand-in-hand with crews to make sure our gas pipes are safe. my wife and i are both from san jose. my kids and their friends live in this community.

every time i go to a customer's house, their children could be friends with my children so it's important to me. one of the most rewarding parts of this job is after you help a customer, seeing a smile on their face. together, we're building a better california. the next time we get a gigantic sell off that crushes the averages like this morning, i want you to remember this creates opportunities. with the panic giving you a chance to buy at lower prices. take novavax, went on monster run up 120% since we first spoke to ceo mid-january and 50% up since february. yesterday they were catapulted up 24% from $11 up to $13 and

announced solid quarter and reported vaccine for highly contagious virus. closed down 1.7% giving you a chance to get in at an exciting discount. let's talk to president and ceo and find out more about clinical trial results and the company's prospects. welcome back to "mad money." >> nice to see you. >> i have to tell you, many people promote many things but you were non-promotional and said let's see what the science compare. how are you able to make these hard vaccines. >> people have worked on rs pp s

virus for 50 years since it was first identified. we took a molecule that aboutingsaboutinbecomes a nano particle that is put in a vaccine that is injected that stimulated anti body that's we know from other drugs can be protected. >> this is babies and pregnant and elderly. >> right. >> all could stand to benefit. >> yes. both ends of the age spectrum. in children under one it is the largest cause of hospitalization in the united states, rsv. and it effects the elderly. there's 2.5 million symptom infections in the elderly every year with 14,000 deaths every year. >> let's talk about pandemic

influenza, you may have something? >> we think we do. we think we can create a potent immune response and make a vaccine very quickly. couple years ago we made a vaccine against avian flu. from the day we got it and into individuals, 91 days, never been done before. we did the same thing with ebola last september when it was clear ebola was out of control we made a vaccine, scaled it up for a gnp material suitable for human trials and got in, made an announcement that we've made advances. has a very potent immune response.

can be distributed at fridge rated temperature and we can make millions of doses a month if we need to. >> the other big name companies issued a release saying they it the vaccine, why can your company do something bigger countries in the world can't. >> that's what biotech industry does. we make novel ways of making non-traditional ways of making the vaccines and we've now done that a couple different times. it's what you do in little countries like ours. >> it's very exciting. i want to tell everyone stanley is not promotional and yet everything he said could happen has happened. this is president of new jersey ova vr this is president of nov

arkansas x. blach

macy's has everything! but maybe we don't want

everything, or at least everything they're selling. yet their old tag line about having old merchandise used to be a big plus but the with the extremely disappointing quarter they announced this morning, i see a microcosm about everything i don't like about tradition aa bricks and mortar retail. even if the stocks are cheap. first ceo of macy's came out on "squawk box" and said he was disappointed how the quarter turned out. he basically admitted to being off their game. when i went down the list of what went wrong i found myself thinking there's real structural problems here. macy's has too much of everything. it has too few bargains like the kind you price where frugal

shoppers long for. not all the news is negative. macy's monotized $270 million in brooklyn nice price tag, however, recaptain ikarecaptain recapitolization plan. macy's stock from 6 $7 to $73. given the en given the enthusiasm, somehow given the decline down to $64, i don't think we've heard the last of it. one of them talked about how the super freaking strong dollar

has hurt tourists. ♪ nice variation, including the tourists that seek out the destination store that's macy's has. nothing you can do about it. it's out of his hands. not that it means a thing about online retailers he's forced to compete with. he's expanding to puerto rico, what's wrong with this picture? and it's moving into china in a time alibaba is bobbing, selling not good, bad timing. if maybe fossil, lundgren sa nn furniture was exciting.

online furniture company reported terrific order, stocks up 37 points. in the end, macy's saying they had a steeper than expected learning curve, how could it still be a learning curve, after all these years it has worked. i know macy's will see it through, it always does, you have to wonder whether it is even worth it given there are so many better places to invest your money. even lower than expected macy's is good for trade. jim from mississippi j. >> caller: i want to give you a

big mississippi booyah. >> that's fun. what's going on. >> caller: with the continuous widening dollar, would the widening of the spread between the two urcurrencies -- also what are your thoughts on walmart. >> you are as smart as my favorite author, f a ulkner. this is like ten battleships you have to turn but they are a winner and they weren't written about enough. we're not all losers. walmart could be a winner. how about mike in my homestate of new jersey. mike, it's wednesday, what's up? >> caller: jim cramer. how are you, sir?

>> man, i couldn't be better, thank you, how about you? >> caller: doing fantastic and a big wednesday booyah to you, sir. >> oh, man it's hump day, what's going on? >> caller: not much. have a question about shopify who recently went public, want your thoughts on where you saw this stock navigate sng. >> it's one of the better ipos that had a good quarter. i got to do work on it. both mike and matt, mike in new jersey and matt in mississippi they have good ideas. macy's will make it through the challenges. you have to wonder if it is worth it to own the stock when there's better places to put your money. coming up, exclusive with new ceo of cisco. that will be interesting.

and fresh pet is getting pummeled, does it give you the opportunity to get this stock? i've got the ceo. yes indeed, a hump day edition of the lightning round coming up. stick with cramer.

cisco, the networking giant, just reported first quarter since retirement of long time ceo. i've been a fan of cisco. company has been moving into new high growth areas like the internet of things and cyber security and getting out of the set top box division, in a terrific move, boosts overall margins, company sold over $6 million in july. seems the strategy is working from the get go. going to be a strong quarter right out of the gate.

company reported 3% earnings beat. higher than expected revenues. one of the best information technology quarters i've seen this year. let's check in with the new ceo of cisco, hear more about the quarter. mr. roberts, welcome to "mad money." >> hey jim, as john would always tell you, you have to call me chuck. great to be here. >> i will call you chuck, i saw some things in this release that are very different, one thing right out of the gate you gave the guidance in your release making it clear you're bullish about the future of cisco. >> well, jim, i am bullish. first of all we're really pleased with the quarter we just had. record revenues, record non-gap eps, we grew our orders bring 4% and grew our deferredproduct revenue by 21%.

overall we're incredibly pleased. as for the format change, we listened to our shareholders, they wanted more press release information and more time for q & a so that's what we gave them. >> 20% growth in deferred revenue, marks software -- the importance of deferred revenue is it gives a sustainable look for the future which is new for cisco in terms of the way it reports. >> it is, jim. if you think about where we had tremendous success, take collaboration, we said we would refresh the product line and move to a cloud consumption and subscription base model in this quarter team grew 14% and grew deferred revenues over 20%. we accomplished both hand tremendous if growth in security

revenue, security and software business we're please where'd we're headed there. indicative of where we want to take the company. >> set top box, no room for divisions that aren't cutting it? >> as we look at what our customers need from us as they make the move from digital ioe, we are look at the what is important in our portfolio and the issue around the set top box that discussion began 120 days ago. we want to make sure the elements of our portfolio align with where our customers want us, our partners and shareholders would like to see us and we'll continue to evolve anyway we need to whether adding to it or whatever we need to do to align what our customers expect in the future. >> we talked about cyber

security, you are going to make acquisitions? skbl >> well, jim, when you think about it, security, as we think of this hyper distributed inf m infrastructure, as every customer, every company will connect everything, whether connecting mining facilities so you could know ahead of time if a truck will fail or knowing retail to predict the behavior of a consumer, it will be connected in a distributive way which will require a network, which is what we do. and will require the network to become a i sensor. we think security is a tremendous play for us and we will use our leverage to build out that architect and we'll drive our own internal rnd. we'll partner and look at strategic investments and partners as well. >> you got a business in china.

john's been saying political whim will turn. europe and china didn't seem to be that bad for cisco in. >> >> well, you know, if we start with china, they are only 3% of our business so our exposure there right now is very limited. however it is the second largest economy in the world it will become the largest economy in the world, we've been there 20 years. we're committed to china for the long term. we spent a lot of time there recently and understand what is going on but right now we have limited exposure. when you look at europe, without russia iva have grown 1%. our teams have grown there more than in the last four or five quarters. what's is available in the

market share we'll continue to perform well. we think as they turn in a macro and gio political issues calm down we will be the beneficiary of return to growth there. >> one thing you're keeping in john's play book, your turning a lot of capitol in way that's are clear, you bought a lot of stock in 28, just passed ibm, right now $29 and change you were in there for the whole quarter. >> we are very committed to the shareholder return, and greater than 50% of free cash flow and will remain committed to that in the future, jim. >> i want to work over accelerating what is working and changing what is not. there's still parts of the portfolio you're not happy with and going forward we might see

further shufflings of things you're not pleased with that your predecessor might have said was okay. >> well, jim, if you look at what i'm talking about when i talk about accelerating thing that's are working, clarity, simplicity, talent. there are times we can execute effectively on something that is already working. i think there's a lot of areas of our business that we will continue to accelerate. we talked about how we're doing on the call about many things, those areas we will continue to access rate as we can and again we'll just evolve our port foeltfoel portfolio in light of what our customers want to see in the future. jim, it is very early.

every company is looking how digitizing fundamentally changes their business. for years it, has been a cost center, and now companies are trying to fundamentally redefine how they think about job creation or inclusion or anything that is a priority around the world. it's early but the things that are possible when you expose the value of the data to the customer we believe it could fundamentally change a business and a country and we're at the center of that we're excited about the opportunity. >> you very much are. good to see you, sir, thank you. >> thank you jim. have a great day. >> you too. >> that's ceo of cisco. this was the strongest of the big information technology

quarters i've seen so far in 2015. "mad money" is back. ♪ it's a golden opportunity to discover the exhilaration of efficiency. with six models to choose from, there's a lexus hybrid for every driver. ♪ come in to the lexus golden opportunity sales event, where you'll find some of the best offers of the year on our entire hybrid lineup. now through september 8th. this is the pursuit of perfection.

it is time, it's time for

the lightning round. when you hear this sound the lightning round is over. are you ready? time for the lightning round start with joe in new york. joe? >> caller: booyeah, question, tkr. >> tough to own right now. industrials company just are not the place to be. i'll go only for new corp. let's go to chuck in california. >> caller: yeah, chuck here in california. what's up with -- tasr. can't make money? >> let's give them, i mean, the stock really ran up. i think it is a terrific long-term situation. i'm going with tasr. let's go to lois in florida. >> caller: boo-yeah. i'm calling because over 10%

down on principle on bx blackstone buy, sell or hold. >> i'm not backing away. i like their yield. mark in tennessee. >> caller: hey, jim, good to see you. >> good to see you. >> caller: yeah it's me. i'm not calling about alba b.bam call being wells fargo. >> one of my biggest positions for travel trust. while i'm at it ceo is great northeastern. american. dean in florida. >> caller: hey jim you told us to have fun with our portfolio so i bought i-robot.

>> i'd rather see the movie, it's just okay. but if you're playing with fun it's okay, as long as you have the spirit involved i'll bless it. spirit in new york. brenden in new york. brenden. >> caller: my question given the weakness in oil, and corruption scandal what's your thoughts on pbr. >> the only pb rrks yarkr you s buying is pabst. to jim. >> caller: boo-yeah your thoughts an san. >> i don't need it. great idea to change their

symbol from std to san. best thing they have done, i think, frankly. let's go to alex in virginia. >> caller: boo-yeah, coming at you from arlington, virginia. want to thank you for having me on the show, i'm calling about l lc landing club. >> i am not crowd sources, i'm wells fargoing. i'm a believer in wells fargo. michael colorado. >> caller: i'm thinking about adp? >> i got to tell you, i'll see you adp and raise you with pay c ch democratex.

>> that concludes the lightning round. a you need in one place that lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim? for all the confidence you need. td ameritrade. you got this.

last week i told you that while i like the concept of natural pet food as an increasingly health conscience consumer, it was too competitive, including fresh pet, some considered a disappointing quarter last night

it plunged 19% to all-time low at $11.70. however the initial reactions may be too negative given the stock only closed down 87 cents still off 20% for the year and fallen to $13.72. is it now finally down to levels it is safe to buy. i want you at that hear from ceo of fresh pet. welcome back to "mad money." >> thank you jim. >> it's been a roller coaster. stock has come down, what gets you to profitability what will make it so the bears who lean heavily on the stock have to cover or admit this is now a profitabili profitable. >> we'll get to the profitability. this is a growth company. we have innovation, with that,

taking big market showers in this big stand point with fresh foods, no preservpreservatives. everyone needs us to do what we do. we beat the growth we put out and we feel pretty good about where we are. >> my push back is, you can't let them do what they want to do in the face of a public stock, because think about what has happened. a lot of people have lost money. i'm coming from the perspective, what would make it so there's a sustained path up, it's clearly not just growth or the stock would be back up. >> right. we're executing the plan we have. >> okay. >> so the plan that's on the table we're beating all the aspects so everybody's got to do what they got to do and i can't do -- help them there but we're executing the plan, feel good about where we are, great assets, great team on the field,

great products, our pro is so great you can ask every dog in american about fresh pet except yours that it is a great pod. >> that's okay my dog can be the outliar. a lot of people ask about fresh dry food. this is something special. >> you got something here, this is what we call our fresh baked. >> okay. >> we entered the $17 billion category because a lot of our consumers and customers asked us to. >> which you knew because you were a major player. >> yeah we were a major player. we found half people that use fresh food mix it with dry kible so we kept those in our portfolio and not flirt with other brands. we launched out of target and now rolled out to several thousand retailers by the end of the yier, we will spend $3.5

million to invest into the future going into 2016 we feel we could have a big play in both areas. >> you mentioned cat food. >> we come from the cat food back ground. we think about how we want to do it, when we do it we want the to do it right so we have 300 retailers testing cat products. in the fourth portfolio we will roll out to smaller retailers. >> more space in each place. >> yeah so we'll free up space here and have more space here and have a cat cooler in the cat aisle. it's like fishing where the fish are. >> in other words there's that social media viral thing. you make a lot of fresh food. it could have been anybody. >> yeah we are disrupting a $25 billion market with fresh, refrigerated food. there's some friends out there that made a big deal out of it.

but it's nothing. we're good. nothing's changed with the business. we're solid. >> honestly, the big volume, maybe you shook out the people who expected profitability and back to the people who like to see 30% or40% growth. if it takes off you will deliver. >> we had 39% growth before that. >> there was a quarter before that with a step off. >> i always said 28% to 32% growth so we're beating what i've been telling everybody since we started the program. i can't point a finger at any pet food in the market growing 30 plus points. >> e. i think we're doing pretty good. >> i think people who want pure growth and believe that pets are treated like -- >> -- people. >> -- like kids. i think it is going to work. that's richard thompson, ceo of

freshpet, if you got a pet, give it a try. stick with cramer. it took joel silverman years to become a master dog trainer. but only a few commands to master depositing checks at chase atms. technology designed for you. so you can easily master the way you bank.

. remember the market has no memory day to day but we had an interesting reversal that could be furthered by how cisco did. like i said, always a bull market somewhere, i'm jim cramer, see you tomorrow.

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