big "fast money" fan. goes green tomorrow, don't fade id. right there sister. >> yeah, brother. see you tomorrow at 5:00, in the meantime "mad . my mission is simple. to make you money. i'm lehere to level the playing for for you. 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 helping to you save money. my job is not just to educate, to teach and put it in context. call me. of course, tweet me @jimcramer. d-day, august 4th, a day that

lives in infamy, i'm mixing up my battles. d-day will live in gross stock infamy, you know what? we have been paying the price ever since then, including today the worst day of the year, where the dow plunged 358 points, s&p plummeted 2.23456r7b8g9s nosedived. i'm not taking a detour here, this is about disney as a metaphor for what happened. see what happened that day when it reported could explain a lot about what caused today's horrendous action, including the horrendous 6% decline in the stock. it was the worst performer of the dow. it was the leader. you know something, looking back at a real paste in the quill stocks today, i keep thinking, what was the achilles heel? you know what it was? august 4th the day disney got drilled down.

ni disney has become the one stouk had to have in 2015. there was a sainted group. it was the best performing stock in the dow jones industrial average. five out of six days they were up going into the report a. premium monumental hurdle for any company, let athrown this behemo behemoth. i didn't get to grasp the importance, which stays with us every day since. and what, how could you? think about what bob eiger said at the top of his release? we're very closed with our performance up 13% from the prior quarter. then he continued the strong results across many diverse lines of business demonstrate the power of our unparallel brand franchises and create a content. indeed, they did. disney's earnings center is clean as a whistle. it seemed like as perfect prelude that laid out the roadman for a remarkable movie slate t. gasoline theme park

result, typical strength of the business, especially espn, "star wars" "shanghai," what's not to love? instead it turned out to be an epic ambush for the bulls of unbelievable business. it sent them down if retrospect a dead mouse bounce. that's because yet again today the cascade continued. set the tone for the whole market. the market was looking okay. but a prominent analyst precipitated another $6.43 decline or 6% decline in disney's stock. it was same thing all over again. it was that same culprit from that conference call. spoken by the chief financial officer and espn has experienced modest sublosses monitored by eager, himself. i'm trying to put this in perspective by picking the one stock that was the leader of the sell-off. ever since that conference call,

the only cartoon character i can think about when dez my is in my mind. all the streets horse and all the streets men can't put humpty dumpty back together again. here's the ironic thing about this whole disney decline. it's so fitting for the rest of the market. there were no number of cuts. there were no reductions in what we think disney can earn this year net. they are probably buying it hand over fist, the earnings per share estimates will be way too low. the size of the shortfall and cable subscribers are so minor, you might not notice it. disney has that much going for it. but it doesn't matter. it doesn't matter right now. because if retrospect like so many stocks now, in this market, typically the gross stocks, disney was priced to perfection. it isn't perfect anymore. because it's no longer perfect. maybe there is not much else there that is perfect. and that is why what happened to did my stood so important because of a high quality company with fabulous management

and so many fantastic catalysts can nevertheless fall from $122 to $100 in a couple of weeks on no number of cuts. just imagine what could happen to any other stock that actually misses the numbers is. not only that, the only ones vulnerable to dizfully is causing less travel to its theme parks and a negative lump now in china. holy cow, an opening in shanghai is going to be a major positive to something we are worried about. how real is the threat of disney for a long line cutting. in the downgrade, it didn't seem owl that threatening. after all, espn, reams of time sensitive programing versus the other guys. however, there is a slow down in television. wall street is recognizing kids are on facebook, google, netflix and the disney advertising stream, the latter was gone from an oddity, a bin himing way to watch a lot of old tv movies.

i should have realized this, the ceo of clorox came on "mad money" and talked about switching to digital. that's coming out of everyone's hyde. you can see the media space in this mark, by far the biggest buybacks suddenly became among the dangerous sectors. it's not alone. which brings us to the rest of today. the market has gotten narrower and narrower by the day. stocks have been under distribution for ages. meaning they have been sold relentlessly and not necessarily to good hands. we've seen endless slaughter in the transports even as oil has gone down, what a crucial tell that was. we've witnessed horrendous day after day destruction in the industrials as the strong dollar writes the earnings growth. we've seen the financials roll over because of a carolina nodity crash that sent interest rates plummeting to levels that banks don't make much money. we seen very good oil companies lose billions and billions in

market capitalization. we know many might not make it through this. but what it held in there until today, and why today was so important. is the fabulous growth stocks. the ones attached to all the most vibrant trends. electric cars, biotechs, internet of things, natural organics, retailers, restaurants that win in a low gasoline environment. housing. even the cold stocks, amazon, tesla and that slayer of all other media, which is why they bring you back to disney, today they got to netflix. your own winner, the insurance policy in gold. everything else was slaughtered. i have been saying for ages, i don't like the endless worry about the fed. i hate the idea that the commodity decline isn't producing real winners. talked about it last night. said it won't happen soon. if you go back to disney's faux destruction, can you see what happens in this market. investors have decided things are so uncertain they simply won't pay as much for future

earnings or sales no matter how good they are. remember, disney didn't cut. but with the strong dollar, the anticipated fed rate hikes, the potential chinese collapse the question of foreign currencies you might not have heard of. not to mention many minors of oil countries, investors are fed up with these prices. it's as if the entire market is selling wares that investors are taking a pass on. consider this a clearance event. a back-to-school, a mid- -- ament-day blue light special. no. i shouldn't use that. k-plart is disappearing. it's taking everything down, even the sainted biotechs, the drug companies and the remaining bull marks that were in apparel, food and oil parts that i had clung to. slim read. in fact, the only stock, how about this for a metaphor, the only stock i follow that survived there is hormel. how fitting it is its chief

product span is the preferred thermonuclear choice for millions. they bring prices down where people think they're interesting. they're not there yet. the good news, do you think stocks like disney are done? stick a fork into it? >> no. here's the bottom line. we got to accept something new here. we have to accept investors are paying too much for disney and so many other oil companies that were crushed today. now we have to wait until they're paying too little for that. we simply haven't hit that point either for disney or the rest of the market either. ron in new hampshire. ron. >> hey, jim, how are you? >> i have been better, ron, what's going on? >> all right. so this is a question about -- [ inaudible ] it has to do with hess. exxon found a big discovery and somebody is saying somewhere mean e 600 million to 1. million

barrels testimony question is, is someone going to buy hess out or what is going to happen out there? >> a lot of people are expecting buyouts. we are more likely to get companies if bankruptcy. you can buy them in bruns. hess isn't one of thoechls. they did a lot of smart things. the annex of the oil company, if it goes down, that's kind of what happens. it goes down. i wish there were more to it. kurt in georgia. kurt. >> caller: jimbo, bud vasco, a company that provided authentication and digital solutions, vasco. it looks like it has a potential to grow. recently it took a nosedive after a class action lawsuit way announced. now the stock is trading around 17.50. the last earnings received overall positive in the company,

what's your opinion on long term or short term? >> right now you understand i should have mentioned this at the very top, one of the most heated areas of the whole market is, indeed, cyber security. and people are just paying less for the growth of this kind of company or for palo alto networks. that's what i'm talking about. the metaphor is we're not paying for even the best growth stocks on earth, which were disney going into this sex. so what are we going to pay for the ones that aren't the best. these market sales do bring the prices down where investors might be willing to pay. when it comes to disney, we have to wait until it's too low to ignore. unfortunately, we aren't there for disney or other companies. buy mea culpa, it was a mistake. i had a chance to admit. i will reveal the name and talk about its prospects. sure it's looks nasty. there are a few things that can reverse the horrible trend.

i will tick them down. all eyes on salesforce tonight. we will take a look, it's okay to think about something is that works with ceo marc benioff. stick with cramer.

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brutal day. lots of stocks just blowing up all over the place. so maybe this is the perfect day to talk about one of the worst blow-ups of the year the sorry saga of sun edison.

the major renewable company that finances, bills, ownings, all sorts of solar wind power plants. so stop going sour ahead of the agency. so one month ago, sun edison was one of the hottest stocks out there. from the beginning of 2013 through july 20th this year the stock rose up an astounds 9%. it focused on solar from the semi conductor business. back on april 9th, i recommended sun edison at $26 bucks. at the time i thought they conquered the code for the renewable power market. we were dead right, sun edison ran up 28% to its peak on july 20th. well, we were right. because since then, this stock has fallen apart at record speed. it lost 60% of its value since july 20th. so what went wrong here? first, let me just say, mea

cul culpa. it was a mistake to recommend sun edison and i got to own that. at least i think i should have said take some money off the table. it's too hot in here. that was a rapid advance. what matters, though, is this is actually a story i think that teaches us an important lesson, with i is why i don't want to beat myself up. i to help us here. i want to dig deeper in the sun edison narrative went suddenly positive, terrifically negative in the blink of an eye. many, many stocks are doing just what sun edison did before. it was a precursor, a momentum stock gone bad. king midas in reverse him until a month ago, sun edison was indeed the golden boy of the power space. it rose crazy despite last year. the management spun off in june of last year with the idea that

sun edison builds them and sells them and acts as a renewable energy stock giving investors a notoriously big dividend yield so many want. these are terrific for solar companies to raise capitals. i recommend sun edison if april because it was planning to spin off yet another one oh in it's merging market assets. that was a terra form global. by back then everyone viewed as a big positive, including me. with this structure, sun edison seemed to be in a position to acquire lots of wind and solar assets. that's what they were doing, rolling up the industry. that's what you need in the first place, roll-ups have been the theme and for a while, the market gobbled it up. everybody seemed to love the idea of sun edison as a consolidator. of course, when i got in april, the price of oil was well off its lows gaining ground rapidly. it looked like 60 going back to 70, 80, it was that proverb jal

v for oil. back then, it seemed like we seen the bought until in crude. wrong. it went in freefall. we haven't seen it since the dark days of 2009. i don't think it can hold these levels. that's not, though the main reason why sun edison has fallen to the floor. the last time they were able to rally. the collapse in oil prices definitely changed the backdrop negative. the collapse of sun edison stock over the last month, the one that cut it in half happened in multiple stages. we are excruciatingly learning. the first stang had to do with its acquisition bid. remember for a long time, the mark happened it up. they loved it when sun edison did aday deal. may 7th, they firmly indicated tear second-year-oldco terra form global will be going public this summer him people loved the stock earned 12.6%. on june 16th. sun edison acquired a new company if central america both

for undisclosed sums. stock rolled again. every time they did a rollup. on july 6ing, sun edison and terra form subsidiary bought energy win for another pop the next day. remember at that time again the market loved roll-ups wherever it found them. this was like the valiant of solar. we tended to like them. then, though, on july 20th, sun edison did a deal too far and the market told us, it acquired vivid solar for $2.2 billion. on the news, that seemed good to jump more than 5% that morning. set a new multi-year high of 33.45. that's right, $33.45. that's when you lad to sell it. because eventually they gave up those gains and ended the day flat. that's an island reversal. technically you should have

known. >> that should have been our first red flag. edison didn't see it. the market didn't lap it up. that was the queue. some say that's what happened to value today. it didn't go up. i don't know. the next morning in the case of sun edison, though, ups credits stifel nicolaus raised sun edison. i thought, what, maybe we're okay here. it's right at the peak. they all rised. that very same day july 21st it hasn't been turned against sun edison. finally investors worried about funding. it didn't help that sun edison did yet another deal the same day, buying you can-based direct sales provider solar equipment. that's when sun edison started to get pounded. as cheap oil all these renewable energy assets might be worth less, that set it down 7.3% that day. starting july 21st, sun edison stock plunged 20%. it lost $9 billion in market

cap. it was blowing up. what's going on here? we came to the second leg down. remember that much anticipated ipo, sun edison terra form global? it came at a terrible time and turned out to be a huge bust. under writers plan to share shares for 19 to $21 in order to raise $1 billion for sun edison. listen to this, instead, there one much demand. they sold $45 million shares at $15 bucks. only $675 million was raised. funding gap. and when terra form global started trading. it opened down fallb to $14 buvenlths it's only gone lower since then, $ bucks as of today. it was an embarrassment. more importantly, it hurt terra form's model. >> that meant sun edison didn't have the ammo, couldn't do as many deals, that hurt the growth story. no wonder the stock fell 9.21st the day of the ipo. we'll send market cap in three

sessions. finally the bottom fell out. it delivered a much better-than-expected revenue quarter. a much larger than expected loss, courtesy of weak margins. in terms of generating new projects and backlog, sun edison did quite well. that used to be so important t. bears zeroed in on the gross margin number. the fact that management didn't raise its guidance, despite the pleas of the analyst community the stock plunged another 25%, it fell from 21 to 32 from august 6th to august 11th. so where do we go from here? well, on wednesday of last week, sun edison announced a big partnership. we like that including a $500 million investment in utah. good. then this monday the company announced a two-part capital raising plan to address those funding worries, including a billion dollar credit facility with goldman sax, good, okay. and at these levels, i have to think the stock has been rerifkd

and represents real value. on the other hand, sun edison spills in freefall. 7% yesterday, another 10% today. we are not butcher blocks here, we don't let falling live i knives fall on ourselves. let me give you the bottom line. sun edison, i got it wrong, tending to make big acquisitions within it became clear the market had turned against him. that was the signal when the acquisition came and the stock didn't go up. that was the signal to sell. i disobeyed it. i didn't see it. given the stock fell from its peak a month ago. long-term investors can gradually buy a position here. the stock was nearly cut in half. the three-month period fell down where it is last october. if you bought it, you would have doubled your money in a matter of months. solar is rough. no hurry to get it back into this one. let's face it. we talked to first solar this week. a heck of a big story.

much more ahead us, including my take on this no good slump. let me give you a list of some things that will make it happen. you notice them. they're not happening yet. then salesforce sank today ahead of earnings. they have the top and bottom line after the close. will this help the cloud player rise? will it help the market, for heaven's sake? we have fought forgotten one of the most important rules in investing. you have to focus on diversification. stick with cramer.

>> you know what's getting to us? it's the inevitability factor as in it's simply inevitable we will go down. almost every day. that's the way it is right now. there is genuine bear market action in dozens and dozens of stocks i follow. i don't like to let emotions rule my decision-making. that feeling of inevitability is emotional not imper cal. i do find it helpful what will reverse that sense of retreat. if i spotted it or spotted the conditions right for a clang in direction, i would at least know the overwhelming propensity for a declining session isn't as written in stone as we thought. i'm negative. what can you do? but you got to think the other

way, too first, here's the time. do it now. that's to recognize the perils of the strong strong dollar for america. i come from the sports world. to me when the fed governor voting, non-voting, whatever, says he wants a rate hike because conditions demand it. i think that person is a popoff. like a 2nd base coach, a defensive coordinator calling out the head coach. we feed these people to shutup. stop the confusion, news flash to the fed. your job is bigger, way more important than the nfl. go get some discipline, reign it in. you are an embarrassment. we are watching a slow motion train wreck that will lead the recessions in crashes all over the place overseas, including

gigantic debt that the fed isn't careful and judicious. it's a fact of life, it's why we see what we see. if the stockmarket is so darn secure and ro bust, how come howard schultz and business leaders are worried about the 5.8 million young people that can't take a job. that's called slack. second, let's face it. the chinese market, it needs a reset. we need to see the nasdaq play out. it hasn't yet. it is filled with companies that are downright insolvent. it has to lose by my count 30 to 40% to shoot. you have to go to shanghai and recognize the playing companies are stocks vulnerable to that decline. like the semi conductors. even if the business is slowed down from it as opposed to being stopped in the tracks as so many think will happen. i'm tired of the games the chinese play with the higher stock prices or minister of the 200-day moving average.

it's childish. de jao ping is rolling over in his grave. the foreign commodities, is gigantic meyers haven't stopped their craziness. you think they can pump out everything the world doesn't need. they all have to bliveng. none of them has. no bottom, no bottom. oil, it's no longer about semi and demand. there is plenty of demand. there is only one country in the world that matters, one country is bringing down, saudi arabia, it's way over supply in the world, in a very uneconomic fashion. if the saudis want the oil in the low 30s, many go bust and iran won't get the money it needs to restart its infrastructure, it's going to do so. they got the power. now, initially, i didn't think the saudis would be willing to risk the damage they can do to their own oil fields, i misjudged them. i'm paying the price with my travel trust. the entire market is paying that price, too.

believe it or not, we want to see stability in commodities. oil is not done going down until the saudis say it's going down. there. that's a food starter at what it takes to create the cloud burst. that's what has to happen. until then, you should expect periodic sunshine and maybe rallies tomorrow. but like market strategic bob dylan croon, a hard rain is going to fall. omar in new york. omar. >> caller: boo-yah, jim, i want to say, a long-term fan of the show. >> man, you're contrary. what's shaking? >> yeah, what's shaking is our bdt in their recent acquisition of national ten bank shares $1.8 billion deal. i was wondering because of the deal, it makes me question, it would be a buy/sell. if so, do i trade? >> no, here's the problem.

the yield current. i don't want to get too ob truce here. interest rates are at a certain level right now omartha that stock is zpj to have, bbt will have to come down before you want to boy it. i think it can come down more, the other bank stocks are down more. they are every bit as good as bbt in some cases. let's take a hole in that. you will get better prices. look, i have been booming. i don't like the setup. here it is. this is what changes the set-up. a rate hike rezone and a reset in commodities. >> that would be a good start to get rid of the dark clouds that predominate. much more "mad" ahead. salesforce did a good job. anybody care? they have healthy gains over the year. can crm stay in the cloud. marc benioff will be an exclusive. on a bad day you have to look at your portfolio and decide if have you enough diversification. we will play, am i diversified?

plus your questions are coming in hot. stick with cramer. .

>> after yet another vicious session, the worst day of the year for the averages, we

probably got decent news, salesforce.com just reported after the close the results were pretty darn good by any estimation. at a moment when the individual companies can't triumph over the broader forces that are truly pulling this market down. i think it's worth remembering stocks are fought just pieces of paper, they represent pieces of real companies. some of the companies are doing quite well even if their stocks keep getting hammered. salesforce just delivered a 2 cents earnings beat, immediately better-than-expected revenue, up 24% year over year, higher than up 19.7% year over year, plus salesforce raised the full-year revenue guidance and they are on track to become the software company at a revenue rate, record revenue is a ton o money. so let's check in with marc benioff, the chairman of salesforce.com. you hear more about the quartered and where it's headed, welcome back to "mad money." >> jim, thanks for having me on

the show. >> let's get to it. i have blown past the annual rate. now you are setting for the first time a $10 billion annual revenue rate. where is this confidence coming from? >> jim, this is the best quarter we have ever had. you can see these numbers are just incredible. and we just see having just an unbelievable area. you know, next year, jim, we're going to be the fourth largest software company in the world. that's our goal. you can see, we're only going to be behind microsoft and oracle number 4. i tell you we won't be number 4 for too long. salesforce has the momentum and the support of our customers. that's why we are doing so well. >> i want to not bury the lead. i feel i have done it a couple times. there are two numbers you have to add together. you want to add the deferred revenue on the balance sheet. and then the unbuild and off balance sheet ended the quarter at 6.2 billion. you have basically more than $9

billion i could say is in the bank. >> that's exactly right, egypt i'll tell you, that also shows you we're not selling millions of dollars of customer relationship management solutions like microsoft, oracle, we are selling billions of dollars of customer relationship management systems and that's why we're the number 1 customer relationship management vendor in the world. >> that shows up in our deferred revenue now more than $9 billion on and off the balance sheet. jim. that's just incredible. >> is that given where the stock is, is that the lowest ratio that you have had? in other words, this stock seems to be in some ways, some say, jim, it's gigantic. on the operating cash flow basis and a deferred revenue basis the stock is actually less expensive than it's been the last time we talked smr jim, i'm going to leave the stock up to you. i tell you what i focus on, which is, of course, number 1, are customers happy? are they thrilled? we are coming into dream force, are they going to be delighted?

number two, we are focused on grow tag top loon. we have talked about that each and every quarter i have been on the show. look at this, jim, we have a clear trajectory to $10 billion and beyond. it's way beyond our expectations. it was only a few years ago, we were talking about the billion dollar sales for year. now we can see hitting that $10 billion number. we will go right through that, too. we're the fastest enterprise software company ever to $7 become. you can see that on the numbers today. we're going to be the fastest growing enterprise software to $10 billion. >> that itself my dream. we keep going from there. i tell you why, jim, it's because the cloud is happening. social is happening, mobile is happening. the internet of things is happening and that means you need to be closer to your customer than ever before. that's why great companies like coke and general electric and dupont and so many great companies all over the world have made these huge commitments to salesforce because we're

helping them get closer to their customers than ever before. >> all right. let's talk about huge commitment. how many new say 8, 9-figure deals the quarter? >> well, jim, we continue to have record numbers of large deals and you can see that in some of the marquee agreements that we signed during the quarter. you know, some of the customers and i'll just tell you, some of the core customers i have signed this year i have been so excited about includes just incredible relationships with coca-cola and very excited. >> we should point out is coca-cola german? >> ohing no, jim, this is coca-cola, all over the werld world, coca-cola is a diversified company, different bottlers as well as the ma coca-cola companies, we have agreements all over the world and all of them together have made up a phenomenal story atco ka cola. we also, of course, have great

relationships and, really exciting momentum with so many other exciting customers, including general electric. including, dupont, sony. i mean, it's just been awesome. >> they don't say salesforce. i saw a great demo. you have a new one you are featuring on wour website. stanley black & decker, which tells me you are not going to the retail. you are going to the supplier to the retail and physical out what they want. maybe people at home would understand what is a tool company doing needing salesforce? >> well, you know, tools are becoming part iser, jim. tools are becoming more connected and tools are connected to the customer for the first time and stanley plaque & decker is a story they want to be much more closer to their customer than ever before. sometimes they have been highly separated from the examiner,

because maybe you are borrowing your brother-in-law's tools or your sister-in-law's tools i know that, i sometimes have as to walk across the street to my neighbors. they don't know i'm the customer. in this case, stanley black & decker who know how they are using the product. if that customer needs support. how they can be more responsive to the customer. how they can upsell the customer. i mean, in the world of connected products, you have to be more connected to your customer than ever before. you have to connect with your customers in exciting new ways. that's the power of the internet of things. >> one last question, these are truly great numbers and they come on a day when we are sorely feeding great numbers. we keep reading in san francisco it's impossible to keep count. >> that there are bidding wars going for really smart people, that these unicorns are getting everybody. how are you able to keep your work force happy and get the people you need from the top schools? >> well, jim, we have a world

class culture at salesforce. you probably saw we were awarded one of the most innovative companies in the world by forbes, just a couple weeks ago, where fortune magazine's most admired software company, during the quarter, we became a fortune 500 company. i tell you our culture is giving back. generosity, volunteerism, what we are doing for the schools the hospitals, it's a unique feeling when you work at salesforce, it's a feeling that you don't want to leave. you are not only helping customers be successful. you are helping the world be better. that's what salesforce is all about. >> i tell you, a breath of fresh air. one of the worst days of the year for the stockmarket. we will see you at dream force coming up. >> it will be the biggest, best, most excited dream force ever. jim, did you hear the foo fighters are play something. >> there you go, i'll bring my kids, marc benioff. chairman salesforce, present it for calling in. "mad money" is back after the

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we tell you whether to buy, buy, buy, or sell, sell, sell. then, are you ready, ski daddy? the lightning round, we start with dick in virginia, dick. >> caller: hey, jim, great show. i have palo alto and -- >> they're high growth companies, my theme for tonight is right now we do not pay as much for growth as we were, which means these stocks got to come down to levels where people find buyers. whether it be disney or palo alto. andrew. >> caller: jim cramer, thanks for taking my call. >> of course. >> caller: i really appreciate everything you do. my stock is opko health. >> what we need is the doctor to come on and explain why did the acquisition, because it's clearly hurt the stock a lot. let's go to john in new york. john. >> jim, thanks for all your help

in the past. >> of course. >> caller: the streams of stock you own and not trade. >> which one? oh, three, okay, look, he is doing a good job. he missed the quarter last time with the collar where it is, they probably don't make the quarter. so why does my travel trust earn it? we are like achatillon from a long-term view. i think 3m is down. there i don't know how i can be so well-timed to buy more at the bottom. with ehold one, we will buy more at a lower level. that's the charitable trust. chris in texas. >> caller: hey, jim, thank you for taking my calm. it's an honor to talk to you. >> same. >> caller: my question is about exelixis. >> that was a fantastic results they had in the last cast, which is why i have been sticking with it. they failed a couple tests before handz, they are good to go. let's go to carl in colorado. carl. >> jim, aim a big fan of your tv

show and books. thank you. >> caller: oyee, buy, sell or hold? >> i like occi. has a 2.4 percent yield. that's why my charitable trust owns occi. i don't want to leave this group entirely, oil goes down five more dollars, what will you do? time it perfectly? norma in ohio. >> i bought some alabama when they had the io and i was wondering, could i hang onto it? >>. no, it's china. i'm not recommending chosen. i think chinaen is the proximate cause of what is ailing a lot of gross stocks in our country. china is not a good place to invest right now. just not a good place. let's go to david in california. david. >> caller: yeah, big boo-yah from california. >> 23450is. >> caller: my stock is express

scripts. >> i like express scripts. it's down a buck-and-a-half today. it has lower to go. let's wait on that one. cvs, rite aid and walgreen are better as is mckesson. >> that, ladies and gentlemen, is the conclusion of the lightning round! inkorswim tradim aggregates all the options data 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.

days like today, the dow

down more than 450 points. the worst day of the year. it is so important to guard your portfolio as best you can. that's why i want to press the importance of staying diversified. imagine if you were all oils, bulking up the portfolio with various stocks not tied together is the best way to keep from losing more money on days like today. keep your head up and stocks diversified. that's why we will play for a long absence, am i diversified? you call me, tell me your top five holdings. mix it up a little. why don't we start two a tweet from @jimcramer. am i diversified the names are allergen, netflix, kkr and o'reilly automotive. thank you for your financial entertainment, wait a minute, enlightenment. knowledge. all right. look, this is a tough day today. so let's look at it.

allergan is the stock that is is a rollup. you don't want to own it. i think it's expensive. netflix is a cold stock. cold stocks were under attack today. i believe if you take a longer-term view, it has great possibilities of being world dominant. kkr has a great yield. i don't want to own that community bank right now. this is another portfolio that i want to be very careful in the banks right here. i am thinking jack warren and i, we keep wanting to do lock heed martin. let's put it in instead of new york community bank. defense, that way you will have drug, entertainment. auto, finance and the community banks again are fought working. let's go to jim in massachusetts, please, jim. >> caller: hey, jimmy, boo-yah, baby. >> let's go to work. >> caller: i got apple. fitbit, dicon and novelle la, what do you think? >> oh, man. this is a very hot portfolio.

let me just say that. i mean hot meaning it's high risk hot t. cheapest stock you have is apple, obviously, that's 11 times earnings. fitbit and amborella. >> that by the way is the guts of gopro. fitbit this is wearable. fitbit and apple, that i have wearables. really kind of in the same category and tech. novelle la we'll keep. speculation situation. dycom keep telecom and apple aztec. you got to go with the lock heed martin you need a diversified industrial. throw in ge. i will sleep better knowing you can sleep at night. wow, what a tough game. stick with cramer.

>> okay. let me give you the time. everybody is darn negative. we need you to say the feds, no rate hike in 2015. it's too crazy up there. we need to see the craziness in china the games they're playing, let the market come down and find it's own level. >> that has to happen first. we got to see the commodity stocks collapse. there will be many bankruptcy and many defaults, because of it. let's say there is always a bull market somewhere. i promise to find it for you. here on "mad money." i'm jim cramer. see you tomorrow.

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