>> start of the show with looking at the dollar. going to end the show look at the dollar. that's the key to these markets. >> guy. >> looking to see if there's a recovery in the bond market. tlt. >> i'm melissa lee. thanks so much for watching. see you back here tomorrow at 5:00 for more "fast money." meantime, big show my mission is simple -- to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to make you money. my job is not just to entertain you but coach you and teach you and educate you. call me at 1-800-742-cnbc or tweet me @jimcramer. all right. so what made today so different from yesterday? how can we collapse into the close of trading on tuesday and

then hold on to our massive gains today? howdy the dow end uproaring 619 points, s&p pulled more than 3.9%, largest gain since 2011, and nasdaq rocket 4.25%? where were all those sellers? where did they go? did they fin senate judiciary committee had they left the building for good? for starters let's speak to the whole random nature what's going on in this stock market these days. of course we're trading in lock step with the s&p futures at the open. they rallied hard from the get-go today. after falling some 10% for the year, then they tipped big time in the middle of the day. oh, it looks scary. then they powered right back up. and then some at the close. how's that possible? i've even got some substantive things happening that are pretty positive but maybe more important some ethereal, mechanical, and purely emotional factors that could be at work here. first, in this environment, we always got to turn to china, right? that's the primary reason for our stock market's action. while the chinese market dropped

more than 1% last night, i continue to believe it should be avoided. but i think that the chinese decision to boost liquidity, create more money basically is being -- beginning to be regarded as a true positive. we know the thoochinese governm has been selling some of their vast treasury hoards. that money can be put to better use jump-starting a flagging economy rather than propping up stocks like the ones out of nasdaq 2000. why buy penny stocks when you can buy plant and equipment or fix infrastructure, get some economic momentum going? the communist party might finally be getting its about together after disastrous experience with plunge protection. second, while oil didn't go up today, remember, we actually want to see a little bit of that, it's been down for weeks and that's worrisome. the smartest company in the oil patch, schlumberger, which also

happens to be the largest oil service firm in the world in a total stun ner -- >> buy, buy, buy! >> cameron, creating a seamless offering for all those who do drilling. why does this matter? because schlumberger wouldn't be paying a huge 56% premium for cameron if it believed that the industry was going away or that oil was going to plummet that far from here. slum berg erg has to do -- they're a long-term company. they have the cash to buy back all the stock if they wanted to if it was bullish on itself. but it would rather buy another competitive that would make it more competitive against halliburton that may or may not be approved by the feds. is schlumberger calling a bottom with oil at $38 down from $91 12 months ago? i think not. but it knows we're much closer to a bottom than most people

think and can't afford to wait for another company to snap cameron up. it's a bullish move. even though crude didn't do well, it put a bid under every energy stock, even though oil went down. we haven't had that divergence in a very long time. third, we finally got some constructive comments from someone who matters at the fed. bill dudley, the president of the federal reserve bank in new york, acknowledged that international events make the case for a rate hike and less compelling to me than it was a a few minutes ago. we live in fed utterance to fed utterance. this is the third one we've had in four days. it's almost the most dovish because dudley is clearly cognizant of the damage that a rate hike might cause to far more fragile economies and currencies overseas, even more to our own economy. a declining stock market can crimp consumer spending. let's hope those other two fed talkers, the hawks, the guys who really crushed friday and monday, don't use this day against us, right, don't use this rally to come out tomorrow

and say happy days are here again, although frankly i wouldn't put it past them. i bet one of them does it, grabs the mike. fourth, we got some leadership attack and the financials. those are the two largest groups in the s&p. interest rates rose today, typically a bad sign. but if the fed isn't going to raise short-term rates, banks will be able to make more money off your deposits practically risk free and that's what's needed to boost their profitability. higher long-term rates coupled with lower short rates courtesy of no fed tightening, that's nirvana for americanback banks, and their stocks reacted accordingly. i found it hard to look at some of them they were to -- so bad. they traded like bad tech stocks lately. tech. tech was the real standout. first, despite the withering blast of selling this market has endured, facebook, amazon, netflix and google, are fang, as i call them for short, and just have fun with that.

i'm not recommending fang per just trying to get you the metaphor, the zeitgeist, so to speak. fang fared well yesterday despite the sell-off. facebook, amazon holding on to a smidgen of their gains. today an analyst from goldman sachs upgraded good l from hold to condition buy, talking about a multiyear case for revenue growth and expanding margins. google has been in a downtrend after a huge move up because of its reorganization of two companies, one high growth, high profit machine, the other basically a big venture capital firm with hopes of hitting pay dirt someday. the stock soared $47 in response to this timely upgrade. how much better is it when someone does an upgrade when the stock is all the way down and all those johnny-come-latlies have recommended it all the way up? the google move plus the continual recognition of comments from apple that they're doing well in china despite the stock market crash suggested tech might not be as bad as

people think. plus after the close we got a closeout quarter from avago. that's good news for skyworks, for corvo, and nxpi for tomorrow's session. workday delivered a nice upside session too which could boost salesforce.com and other companies which reported a fabulous quarter in bad old days of last week. finally, we saw a phenomenon at the closing bell yesterday we haven't seen since the great recession, aside from the 2011 european collateral damage sell-off. ahys, remember those? accidentally high yielders, talking about stocks that have fall son far so, fast their safe dividends suddenly give you huge yield. verizon clocked in at more than 5% at the bell, eaton, ge, and p&rocter & gamble each yielded about 4%. those are opportunities too good to pass up when ten-year

treasuries are yielding just 2%. as i always like to say, the worst that happens in this kind of market is those stocks go down and get even better yields. that's the essence of good investing. now to the technicals, which you may think are mumbo jumbo, but on a given day, they can control the action. first, as hideous as yesterday's 600 dow point reversal was, we actually did not take out our previous lows from monday's tsunami of selling. that's right. we didn't violate it, so to speak. that's the term. that's a bullish development for charters of all stripes, one that tells short sellers it's time to bring in some of those bets. you saw that at the opening. second, the standard & poor's proprietary oscillator measures overbought and sold markets registered a minus 7.9. anything south of minus 5 is an extremely oversold reading. only one other time in the last four years we've had an oversold market. back in 2011, when we rallied as hard as we did today, it didn't

mark an exact bottom back then, it indicated we were due for a bounce like we had. finally, i like the investors intelligence poll. we had only 31 bulls this morning down from 37 bulls just last week, along with 22 bears and an astounding 45% believing we'll have a correction. i think it's too late to turn that bearish. but this kind of uptick in negativity is what allows us to have a magnificent rally, like today, because everyone who's going to sell has already dumped everything, at least for the moment. then there are some other positive timing issues we have to mention, although the dow opened up some 400 points this morning, we shed 300 by early afternoon but held. those who were patient waiting to get in, which recommend, you got reasonable prices. that's what you want. then you watch the stocks come back with a vengeance. that's good. yesterday, on the other hand, we peaked right before the time when clerks started to execute margin calls. clearly some speculators had

their positions cloetzed out by force. today we did that before the witching hour and the forced selling seems to be over for now. the buyers were ready for whatever last-minute selling that might emerge. the bottom line, some constructive comments from the fed and positives from china and tech and finance coupled with some important technical dynamics along with the fact that stocks are now very inexpensive for the fist time in ages produced a monster one-day bull market and broke the vice grip of negativity that it choked almost all hope out of this market. tomorrow, sadly, is another day. ryan in wisconsin, ryan! >> caller: hey, jim. big boo-yah from packer nation up here. my question for you is about blackstone. i got in around $30 a share really. 8% dividend yield that goes along with it right now. wanted to get your take on whether you think this is a good time to add to this position -- >> definitely. don't be worried. blackstone is good. i like kkr too.

sorry about jordy. he got me in the super bowl two years. he is a great man. i hope you feel better. greg in new york, greg. >> caller: what's going on, jim? good bumping into you on wall street the other week. good meeting you in person after i called in for the fist time. >> i was friendly, right? i was like a transparent and friendly guy, right? >> caller: oh, you're really down to earth. that was awesome taking your picture with me and my buddy. a quick question about solar city. when are they heading in the macro picture in the next five years? are they a buy, buy, buy? >> i don't want to do buy, buy, buy. there could be a better mouse trap that give dwrous fs you th for panels. that's not the kind of stock you want to buy here. if you want some of the things doing a good job, solar, sflr but i'm wary of that whole segment. there's plenty of randomness in stocks right now, but that doesn't mean we forget about our substantial positives, and they're why we held onto today's

gains. tonight, it's been a wild, wild ride on the averages and a flow of newly minted public companies has now slowed to a trickle. so is the ipo window slammed shut? i'll give you my take on the latest companies going public. i've called housing one of the top investing themes of 2015, but did the latest quarter from toll brothers bust the thesis? i'll tell you if it's time to pull the mug on home builders. is denim dead? not quite. i'm talking to pbh's ceo after earnings get the goods. plus the kendall jenner effect. stick with cramer. the market's holding on to gains after the biggest selloff in recent history. but who knows what could come next? cramer's following all the action and helping you understand how all of its moves matter to your money. his final take before tomorrow's trade coming up on "last minute mad." don't miss a second of "mad

money." follow @jimcramer on twitter. have a question? tweet cramer. #madtweets. send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc. miss something in? head to madmoney.cnbc.com.

we tried to figure out if this rebound is for real and you always feel like it is but sometimes it fools you. not to mention with the reaction when you have a real bottom. there are a lot of other factors that influence the action and one of them that we've been neglecting of late and i don't like that is the ipo market. when you see a lot of companies

coming public, especially say lower quality companies, that's a very bad sign for the averages overall because it means the stock market is getting flooded with new supply, and like any market, when supply exceeds demand, you get lower prices. however, when the supply of new deals dries up, that's a sign we might be nearing a real bottom. in june, we had an astounding 35 different companies come public. it was ridiculous. that's nearly two ipos for each trading day, a very worrisome sign and coincided with a peak in the market. the good news is the pace of the deals has sloed, even as much as the new merchandise is pretty much, let's say, tepid. in july we had 17 ipos, still a lot, far fewer than june and so far in august, ten deals. a much more reasonable number. we want to see no new ipos, at least for the moment. fortunately, there hasn't been a single deal as the markets plummeted in the last week and a half and there are none scheduled for the next week and a half either. that gives me hope the bottom

might be close at handle, although a lot of stocks bottomed today, although certainly bad news for all those billion-dollar unicorns you hear about, the still private companies with i think huge overvaluations that are praying to be able to come public at absurd levels. but even as the flow of initial public offerings has slowed to less than a trickle, the quality of these newly minted public companies varies wildly, and that's why tonight i want to walk you through four recent ipos you've asked me about that i think give you a good sense of the kind of companies we've been getting in the public markets lately. amplify, planet fitness, teledoc, ollie's par gain outlet, a place i haven't shopped yet but i want to get to because i haven't been there. first, amplify, the maker of skinny pop. when amplify came public the market didn't like the stock one bit. the ipo priced at $18 august

5th, nearly traded down 10%, 60 bucks and change, and in the three weeks since then only gotten worse, plunged to $12.65 as of today. some of that's because amplify is view as having only one serious line of product, skinny pop, and one flavor of that brand makes up 87% of the company's sales. that's concentrated. earlier this year, the company acquired paqui, which makes a line of tortilla chips. they hope to build a strong presence in the chip category. that makes sense. when you go to a convenience store, the bags of chips are next to the bags of popcorn. while amplify is rapid sales growth, that number represents a deceleration from the first quarter of 2014, although a smaller company. they had a 212% back then. what makes me shy away from this one and a big reason why the ipo perform sod poorly is amplify's earnings have been shrinking in recent quarters and the company has an ugly balance sheet with

$239 million in debt. they really dolloped it on it. to make matters worse, my back of the envelope amplifies trading around 44 times this year's earnings estimates. this feels to me like a snack food fad to some degree. i would rather run a high-quality food company. how about a general mills? pepsico. next up on august 6th, an interesting company that created a big stir on the floor of the exchange when it happened, planet fitness became public at 16 bucks a share and did nothing on its first day of trade. it's pulled back to $15.90, below the ipo price. another lower quality deal. it's one of the largest and fastest growing operators of franchises of fitness center es in the u.s., more than 7.1 million members, over 1,000 location, and we know the fitness theme is very much live and well in the country. plus they've got accelerating

revenue growth and it's quite profitable. but planet fotne nesfitness is public, taken public by a private equity firm and they still own the bulk of common stock and control more than 65% of the voting power. in other words, planet fitness is not account to believe a wide base of shareholders. it's only accountable to tsg. that's why nearly a third of the proceeds of the ipo went to purchase more shares from tsg. like many private equity-sponsored ipos, $500 million in debt on a health care company. plus -- on a fitness center. if we extrapolate from earnings per share in the first quarter, it's selling roughly 42 times this year's earnings estimate, way too expensive for a fitness center chain and a big premium to competitor lifetime fitness, which we did like, was taken private not that long ago. maybe join it, but i wouldn't own it. now compare these two august

ipos to the kind of companies that were coming public the month before. start with the best of them. july 1st, teledoc ipo'd at $19 a share, up to $28.50 the first day of trading, 50% move. although it's give. some back, didn't give it all up. teledoc is a company with active disruptive technology. the country's first provider of online health care services. it cost dlrs 40 for each consultation with wait times less than 10 minutes. management estimates a third of all doctor visits could be handled like this over the web, revolutionizing the health care industry. there are some competitors. this is a rapidly growing trend. it's both the largest operator in the industry and the only publicly traded pure play. teledoc is not yet profitable because of all the money it's spending in order to expand, it's still growing like a weed.

78% revenue growth in the second quarter, 104% increase in telehealth-based doctor visits, 48% increase in their user base. after the recent sell-off, kind of interesting, down to $25 and change. i think teledoc is worth buying it for speculation, but don't buy it all at once. finally, how about this olli's bargain outlet? a lot of you like because i get a lot of questions on it. it sells brand name housewares, food, books, bed and bath products, toys, hardware, at huge discounts, talking about 70% less than department stores, 20% to 50% less than mass merchants. you know i'm a big believer in deep discounters and it's not surprising to me after coming public at $16 on july 15th, olli's rallied 32%, big, on its first day of trading back then. but after rallying up to nearly 23%, the stock has since pulled back to 16 and change. it's been dragged down along with the rest of the market. i like this concept. i like growth stories.

olli's has 187 stores. management expects they can go to 950 locations. still small, relatively untested retailer. olli's is another private equity ipo writ its sponsor still owns 59% of the company. not ideal. valuations not great, 25 times earnings. that may be a bargain considering the growth rate. in this environment where growth stocks have been hammered, i feel more comfortable owning a more established discounter like tgx or the dollar stores. here's the bottom line. you want to stay away from the most recent ipos like amplify snack foods or planet fitness, and of the deals from july i like this teledoc on the weakness and am warming up to olli's outlet. but after the decline in securities, let's say the comparison is a little too difficult for these newly public companies to be as compelling as they might have been versus tried-and-true but totally obliterated veterans in the same category. much more "mad money" ahead

including my approach to the housing sector. is it built to last or shaky foundation and for the last quarter from toll brothers and what some think might be a peak quarter for best buy? the answer might surprise you. then great news if your dog ate your homework. i did it for you and it could make you some money. is pb hshgs still in fashion or should you shop for a better deal? i have the earnings exclusive and some interesting news about a particular tie and shirt collection. exclusive to the cpo. stay with cramer. >> tonight, they'll always say they have the next big idea. >> let's go skating on life. >> 3d cake decorator. >> only investors can bring them to life. >> we'd be seeking an investment of $578,000.

there's the real world and then there's the world of the stock market. and you need to know that they can diverge pretty radically for a short period of time simply because of raw emotions, particularly fear. take housing. one of the great underlying trends of this market is the rising price of a home and the burgeoning desire to invest in your house in order to improve it. as i always say, housing punches above its weight, meaning while it's only about 10% of the u.s. economy, it has ripple effects all over the place, including retail, home depot, banking, any large banks that do mortgages, real estate sales, servicing, title insurance, document processing. when you're dealing with a market that's still treacherous during chinese week, even after today's rebound, you need to search for bullish groups to take advantage of the funds out of suspect areas into positive ones.

portfolio manager runs billions of dollars. looking at the world, most likely to underweight or a fewer stocks with minerals or international resources or international trade, then overweight stocks were close to home with less chinese exposure, specifically housing. why? because we know that household formation in this country after being well below normal for years on account of the great recession, has picked up nicely. there's a secular growth trend that can stay in place for a long time, a tailwind. accelerating house formation is difficult to reverse once it gets started. also because of the great recession we know there had been a dramatic decline in the number of housing starts to levels not seen at any time in the last 50 years, a pace we were building only about 500,000 new homes down from 2.1 million homes in 2005. what a nosedive. this year, though, our country's on pace for 1.2 million housing starts which is the historic norm of 1.5 million and 1.6 million according to bob toll, executive chairman of toll brothers who gave us that

statistic on his conference call. back to the real world np last couple days we've heard from two companies in the thick of the housing thesis, best buy and toll brothers. while some found toll's less than expected, best buy performed well. more important, though, best buy's commentary about overall howing and housing-related demand was stunning. here's a typical growth from that great conference call. our first observation is that overall consumer demand for technology products and services includinging appliances and mobile phones is growing. the ceo goes on to say it's being driven by big themes like, and i quote, population growth, the housing recovery, healthy living trend that are driving momentum in our appliance, home theater, connected home, and health wearables businesses, which we believe will remain positive catalysts in quarters to come, end quote. doug yearly, ceo of toll, echoed that analysis, saying on his call quote, "the housing recovery appears to be built on a very solid foundation.

we believe that the slow but steady acceleration we in the industry are experiencing bodes well for the long-term health of the housing market based on ins creasing household formations, pent-up demand and the current industry-wide production that is still well above historic norms." bob toll said, "an improving employment landscape, three consecutive quarters of household formations, pent-up demand, increasing rents and still attractive affordability are supporting the for-sale market's steady recovery. as the job picture continues to improve, greater demand should lead to rising home prices, which we believe should encourage more people to sell their existing homes and move up or add a second home." he went on to say based on these and other factors we believe the housing market remains on an upward trend has considerable room to grow. these three execs are all seasoned professionals who lived through the housing downturn.

not one was known as a bolter in the bad days. they were all realists. the bottom line, despite the slam the stock today yesterday, toll brothers and best buy had reaffirmed to me this housing theme remains the best place to be even with a rate hike. the forces are in place for a multiyear move that will not be derailed by a quarter point despite what the stock market is saying. housing is terrific to buy on weakness and weakness still feels like a pretty regular occurrence in this market. sandy in michigan. >> caller: boo-yah. >> boo-yah. >> caller: wanted your opinion on whirlpool. it's taken quite a hit since the downturn and i know it has an affiliation with the asian market. would bit a good stock to own giving the housing seems to be on the up? >> i got to tell you, sandy, whirlpool made a remarkable reversal. it is right in the sweet spot of what i'm talking about. appliances are selling very well. yes, they have exposure and never got out, but whirlpool is now down 40 points. it's in the sweet spot of what best buy is doing and toll

brothers is doing and i say -- >> buy, buy, buy! >> peter in my home state of new jersey. >> caller: south jersey boo-yah to you, jim. >> eagles boo-yah back at you. >> caller: i want your opinion on esnt. i took the position in it a couple months ago, it hit a 52-week high on july 16th and now it's down like everything else. i'm about 2% down in it. >> yeah, but it's the right spot for this housing mace. you're in good shape with that. i like that one. it's a collateral damage stocks that shouldn't be down. i think you got horse sense. the real world says that housing is still the place to be. don't let the impact of toll's quarter change that. get in the sector on weakness. it's going to work for you. i'm not giving up on it. much more "mad" ahead. school is back in session. i'm interested in the homework that's been building up. and this company's home to some of fashion's biggest brands. could its global reach impact

its bottom line? i have the exclusive pvh's ceo. and "the lightning round" is just ahead so stake with cramer. >> you watch every day, right? >> i could chastise people for not starting their day right here. >> one of the few people that actually worked out in the senate gym. everybody else was there to watch "morning joe. " ." understands the life behind it. those who have served our nation. have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see why 92% of our members plan to stay for life.

the back-to-school season right around the corner, it's time to catch up on our homework pause this is the most interactive show on. that means when i don't know your answers to questions about a stock, a i research and analyze a company's prospects an get back to you so you have what you need to make better and more informed investment decisions. back on july 21st, adriano called about mptn. i said i need to do research. it's a tiny developer of fiber-optic components. it had been a dog for ages, public in 2011, spent first year trading half its ipo price. but it peaked at $11 in mid-june when it was up an astounding 230% year to date. since then, it's sold off dramatically, down almost 40% from the june highs to around $7 a share. even at these levels, i think it's too hot to handle, especially reporting a disappointing quart thermo.

plus they're highly levered to, oh, boy, here we go, even after today's rally -- >> the house of pain. >> china, which accounts for more than half its sales. it's the chinese weakness everybody is still afraid of even after today. you know what i have to tell you, i want you to stay away from it. next up on all this, grant in california asked about luxoft holdings. i said i have to do some digging. this one is a high-end technology service provider that helps clients create custom software programs including everything from trading is systems for financial if i weres to embedded software for a connected car. big play on connected devices in the internet of things. remind me a lot of the avago that reported tonight a very good quarter in terms of its placement in the internet of things. a lot has happened since grant

calls. luxoft popped the next day. but like many growth-oriented tech stocks it's been slammed in the recent downturn and below where it was. give than luxoft is trading at 19 times earnings in line with its years like accenture and cog any zanlt, even with a faster growth rate, you can argue it's cheaper at these levels. i think it is. use the next market sell-off, there will be one, to buy it on weakness. it looks really attractive. when i finished the research i said i have to do a whole piece on that luxoft. mike in my home state asked me about shopify, one of the year's hottest ipos when it became public in may. it just reported a strong quarter but i wanted to do more work on it. this this company is a full-service e-commerce platform for small, medium sized businesses. they help clients build a

front-edge platform and provide them with greater visibility into their e-commerce performance on a realtime process with back-end analytics and canned reports. i thought this was astounding, currently more than 175,000 retailers use spop shopify. and they also have a number of value-added services, integration with accounting systems, promotional systems, facebook campaigns and linking its clients to the biggest online markets like amazon. they shocked the lights out of it. fabulous revenue guidance and a smaller than expected earnings loss, which suggests they might become profitable sooner than people expected. traded north of $40 right up to the quarter. since then, shopify, like so many others, lost a third of its value because of these high-flying unprofitable growth stocks have been the hardest hit names in the down nurn the last few weeks. with it at $28 and change, you're getting a gift.

but no guarantee you won't get a better bargain if we get turmoil returning tomorrow, especially true since the lock-up on the inside expires in november. i'm torn on shopify. in a different monument, i'd be telling you to buy but in this environment you have to tread carefully. if you're thinking of investing, only buy the stock into weakness and please, i beg you, leg into this one very slowly on the way down so that you have more money to put to work in case the big, bad bear returns, slamming the thing. while today's market shined, i have to tell you, for shopify, i think there's always going to be a sell-off round in the quarter. keep the questions coming, america. i love doing the research, and stick with cramer. i asked my dentist

if an electric toothbrush was going to clean better than a manual. he said sure... but don't get just any one. get one inspired by dentists. with a round brush head. go pro with oral-b. oral-b's rounded brush head cups your teeth to break up plaque, and rotates to sweep it away. and oral-b delivers a clinically proven superior clean vs. sonicare diamond clean. my mouth feels super clean. oral-b. know you're getting a superior clean. i'm never going back to a manual brush. whoa, today was a welcome breather to the last six straight days of selling. but as the 619-point jump worth feeling confident in or does additional weakness lurk around the corner? answers to this and much more coming up in tonight's special, here i am, markets in turmoil, 7:00 p.m., this time with kelly

evans and david faber. you're not going to miss this, are you? and now, now it is time, it is time for the "lightning round"! >> buy, buy, buy, sell, sell, sell! [ mumbling ] and then "the lightning round" is over. are you ready? i'm going to start with nick in tennessee. nick? >> caller: jim cramer, how are you? >> how are you? >> caller: great. fisv. >> i love those kind of financial services providers, they do quite well in this environment. i'm going to say -- >> buy, buy, buy! >> tony in indiana, tony? >> hello there, big jim. transocean, jump or buy? >> all right. bruce caymans use technical work, i follow real money. he may be looking at a bottom, i say if we are, go buy schlumberger, merging with cameron. that's going you have to some arbitrage pressure. let's go to bob in florida, bob. >> caller: jim, let's start with an accent on the second sylla e

syllable. boo-yah. >> boo-yah. >> and i'm calling about united rentals. >> that's a tough one. dispinted a lot of people. now it is a big construction equipment rental company and i know it's a good company. here's my problem. in the end, that is not where the strength in the market is so i'm going to have to say you can do it for a trade but i'm not going to bless it for investment. let's go to ted in new jersey. ted? >> caller: suntrust, buy, sell, or hold. >> i saw an upgrade and i was thinking that stock is all the way back to where it was a year ago, but you have to wait again, can't come in at this price. john in tennessee, john? >> caller: hey, jim. enjoy your show, man. >> thank you. >> caller: i got an emotional attachment to the stock, wood for about 25 years. honeywell. >> i get frozen -- i wasn't able to talk about it, buy it for my

childhood trust. would have loved to have been able to get more, now up too much. but it's still down from say the mid-100s. i think you're in great shape. maybe get another chance to buy it when some fed guy says the wrong thing. how about gene in arizona. gene. >> caller: hi. thank you. i'm a recent new viewer. my wife and i are both watching your show the last couple weeks. i appreciate your guidance. i'm 77-year-old senior and a veteran and my mad money is somewhat limited but my question is simple. i recently bought agnc and found out they have a preferred. what do you think about it? >> sir, i know that yield at 12% looks compelling. thank you forrer is syringe. but it is a risky stock. believe it or not, that is a yield that is to me unsafe. and that, ladies and gentlemen, is the conclusion of "the lightning round"! >> "the lightning round" is

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today we gotta stark reminder even in a treacherous and volatile market, albeit one that bounced nicely today, there are always going to be sectors that are doing very well. take express and after the close we heard some pretty darn positive things from pvh, the global powerhouse with calvin

klein, tommy hilfiger, you know them all. yet pvh just reported while the company's sales came in a little light, that was the strong dollar talking a again. took the bite out of the overseas business. they delivered a nice eight-cent earnings. plus pvh is very big in europe where their tommy hilfiger brand is having a huge, huge quarter, 9% increase in same-store european sales. they raised its full-year earnings guidance making bullish comments about the future. let's check in with the chairman and ceo of pvh, welcome back to "mad money." >> good to see you. >> good to see you. back-to-school season looking a little better than people think. >> second quarter was really strong. you hit some of the high points but internationally in particular, and as we're getting into the second quarter, internationally the business continues, both calvin and tommy very strong. >> okay. how much of that is completed?

more integration for calvin. and how much is it you got the right stuff and the whole continent is turning? >> calvin klein jeans and underwear business drove business. the underwear business is completely on fire, both men's and women's, and we're seeing a strong turnaround in denim all around our new calvin klein product initiative, a lot of our marketing that we're focused on. so we're getting the benefits of that. >> let's about ask about all my marketing. kendall jenner, $35 million instagram. >> she's leading the charge for our fall campaign on calvin klein jeans and underwear. it's gotten us connected with a younger consumer. as you said, 35 million social media followers. that follows our justin bieber campaign, and he has twice as many. really i think the brand is really connecting with the millennium customer where we're really making a connection with a younger customer. >> does that mean that facebook's working for you?

with can we look at it like that? >> i think it's great. i think the challenge in that whole environment is connecting with the consumer and then how do you commercialize that? how do you really then turn that consumer around and connect with that consumer either in brick-and-mortar or online. and that's where we've been making tremendous investments online to get ourselves positioned both domestically and internationally with a true powerhouse. >> it's clearly working. some language i thought was new in your report, you talk about integrags, but you're talking about strategic, strategic things that you might want to do with your cash. does that mean you're ready to do another acquisition? >> sure, and i think -- >> it is. it's true. >> it's true. and it's now almost three years since the completion of the last. we've paid off over a billion dollars of debt associated with the transaction, so our balance sheet is -- has significantly lightened up, more dollars to shareholders or invest in core

businesses. >> this is important because we've seen 40% moves in your stock when you've made these big acquisitions. >> our focus short term, next six to nine months, will be on a continuation of bringing in more businesses related to calvin and tommy. those are two powerhouse brands, internationally, getting more control particularly on the tommy brand could be nicely accretive to our earnings and at the same time very important from a strategic perspective. >> china, business hasn't been hurt. >> no. look, our comps in china continue to be mid to high single -- >> we heard that from apple. >> it would be disingenuous to say there's a lot of volatility going on in that part of the world. the environment concerns me more than our actual business because your actual business results continue to be strong there. but that consumer, you know, we're well positioned. we're selling affordable luxury, premium position, we're not selling luxury goods, so i think we're at a good spot in the

market where we continue to post strong gains in china. >> okay. another-in another era my daughter gave me a trump tie for my birthday. you know, mr. trump running for president. but he didn't make ties himself. you guys made them. >> yes. we were the distributor and licensey between donald trump and macy's, and they decided about two or three months ago to end their relationship after about ten years, and we had a great relationship with the trump organization. donald was not a good business partner, donald was a great business partner, great marketer, and really was a tremendous partner for us. so we were disappointed it ended and we wish him luck in his campaign. >> does it affect the numbers, though? too small? >> it's a niche brand. it was a nice profit. >> it was selling, right? >> it had sold for us for a long period of time. but macy's made the decision and along with donald to pull back from that business.

>> any standout retailer? because i know mr. ellisson is running this jcpenney. i thought it was an extremely good quarter. kohl's, guys, who's a standout? >> i think you talked about, you know, two of the best in class brands retailers out there in the united states competing head to head and both seem to be performing well. we've got a good representation of brands in both of those businesses, and we're seeing strong business with both kohl's and with jcpenney. >> last quarter was a turnaround quarter. you said there would be more ahead. this one certainly the case. the stock way too cheap for what you just reported. chairman and ceo of pvh, remarkable quarter. when they get it right, it doesn't just happen for one quarter. stick with cramer.

oh, man, what a day, what a week. feels like a lifetime. but you're in luck. right after this, kelly evans, david favor, i'm going to be there. we're going to cover the wild market from every angle. avago really good, but williams-sonoma was a tad disappointing. you know what, people thinking it's a little too expensive right here. i will bring that to you later in the show too. there's always a bull market somewhere. i promise i'll find it for you here.

we think she might have been a seal. >> that explains a few things. >> "blind spot." there is the bell. tonight, a cnbc special report, making sense of the markets. >> how can we collapse into the close of trading on tuesday? and then hold on to our massive gains today? >> from the big rallies. >> as i read the markets, i think there is a potential temporary all clear for stock. >> we are now heading back up. >> to the major sell offs. >> markets just don't go up forever. >> what the volatility means for your long term investments. >> the economy is still doing well. >> you say we are entering a bear