to late october. >> our time is expired. i'm melissa lee for more "options action," check out cnbc and inside "fast money." see you back here next friday a got the ceo of netflix coming up next. my in additimission is simp make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. hey, i'm cramer! welcome to "mad money"! welcome to cramerica. other people want to make friends, i just want the end of this day. my job is not just to entertain you but to educate and teach so call me or tweet me @jimcramer. can we please, please, please take a break from the fed guessing game for at least a couple of days? would it be so terrible to focus on the real prize? buying the stocks of companies

we like for the long term when they're being pulled down by short-term considerations? worries like the one generated by the fed meeting yesterday. yes, yes, the averages got hit today. dow sinking 290 points. s&p plunging 1.6%. nasdaq falling 1.4%. hideous! but just remember how badly we could have been crushed if the fed had raised rates. many of the stocks that managed to rally today like the higher yielders, the consumer package goods and the drug company, they need a weaker dollar including bristol-myers, not to mention a handful of fabulous growth stocks that always seem to rise after a big bad event received. they would have been pulverized if the fed tightened. look, one day we should tighten. i'm not against it forever. we should do it when we're sure china is not teetering, when europe is on firmer footing and our recovery is less episodic. but right now wages aren't budging and the chinese government is selling enough u.s. treasuries to do the fed's work for them. that's why i'm declaring this

show, tonight in san francisco a fed-free zone so we can take a serious look at next week's game plan. on monday we hear from my favorite home builder and this stocks has been on a role up 16% for the year. sure lennar is know netflix up 10% and we'll hear from the ceo reed hastings later on in a bustout interview. but lennar's rally, because it's been shooting the lights out of the estimates. can they do it again? the fed had raised rates yesterday i would have told you to sell lennar, but that didn't happen so if the commentary around the quarter is positive -- and, believe me, this stock trades around the chatter of its brilliant ceo stewart miller -- then you want to buy lennar into any continued weakness. after the close monday we have red hat and i know from partner sal salesforce.com that this could be strong for this software maker and servicer. but we're in an inhospitable moment for this kind of growth stock. in march, redhat reported the best-of-the-best numbers of the sector and stock took off from

$68 to $77 in the wake of the quarter. it charged through 80 bucks not long after. here it is at $71, back almost to where it began that journey. red hat's story has only gotten better. that's brutal and i think the brutality continues next week. there are many companies i like reporting next tuesday than i can remember for ages. what a day. let's take them down. first autozone. azo makes my job easy. that's because this autoparts retailer keeps reporting good -- not super -- but good numbers. then the company buys back stock at a price that's nothing short of astonishing so autozone gives you a post quarter increase and then buys stock itself. six years ago this company has 56 million shares outstanding. since then it's retired an amazing 25 million shares. snap it up if autozone gets hammer. what a list. corn value, conagra and darden

report tuesday morning. i'm blown away by the way the ceo of carnival has turn this ship around -- had to do that. and creditor royal caribbean, this was only a handful of companies to hit its 52-week high this week. i expect good things from carnival. conagra and dard reason is answered the call of activists and their ceos are working like dogs but successful dogs. and into the close, let's drill down into the new general mills which is going more natural and organic than any of the other old line food companies while at the same time offering a terrific dividend that's competitive in a low-rate world. two words -- buy it. wednesday's quiet. it's the jewish day of atonement known as yom kippur. no analyst meetings but we can look to europe for eurozone data. strong numbers can't be ruled out and that would send the dollar lower which is what we want to see. i can't wait to parse these eurozone pmi numbers for you. thursday we get results from the most reliable company around, accenture.

i've been remiss in telling you not to buy shares in this giant every time they fall. yes, they're that good. the relatively unreliable kay bee homes reports and that ne'er-do-well home builder about 10% for the year has been known to pull down the rest of the group. but the tide has been so small that it surprised to the upside. if kb homes returns to its old ways and misses, maybe you can take advantage of the negative pin action to buy lennar at a discount -- but only if you miss it monday. after the close thursday we have the good, the bad and the ugly. the good is nike, one of the best-performing stocks in the dow, up almost 20% for the year. we like this wellness play along with underarmor and fitbit, the latter being one of the brightest spots of our trip out here. and we're going to pay special attention to what nike says about china. huge market for them. i'll stick my neck out and i say china could be getting better. why not? what have we heard lately? we've heard from apple and starbucks. things are good and nike said it liked the strength of that

company in 1.3 billion people who seem to want 2.6 billion sneakers. that's a little arithmetic but it's hooj. the bad is bed bath & beyond which has been buying back stock at a furious pace, retiring a third of its share count in the last five years. that's helped the cost but we're in a what have you done for me lately market and it hasn't dazzled. i think it's getting absurd and this company is not that bad. i can't say the same for pier 1 which has gotten ugly, down 39% year to date. i don't see the turn. too bad, most of the houseware companies i follow are doing fairly well. as much as i praised the ceo in get rich carefully, i'm looking dead wrong given the performance of the stock in the last year. opportunity can come knocking on friday as i'm liking the stock of finish line ahead of its quarter. as long as nike tells a good domestic tale. this footwear sales stock is barely up.

let me tell you where opportunity isn't knocking -- blackberry. i'm out and about in san francisco and i stumbled into a fascinating panel at dream force, the big salesforce.com exposition. talk about women in business, gayle king, one of my faves, moderated a discussion with actress/entrepreneur jessica alba and youtube impresario susan woe jisky. near the end of this must-watch panel gayle asked susan if the fortunes of blackberry -- of which she uses -- would recover. she said "no." just no. so i say just say no to blackberry before, during, and after it reports. let me give you the bottom line for the market. the market rallied going into the fed and then gave up a like amount after it. the kd have been a whole lot worse. the good news, though, is that common tators are finally getting sick of endless fed chatter, thank you. that vacuum allows us to talk about stocks and that's what we'll do when broader market weakness allows us to buy shares in high-quality companies at

bargain-basement prices and then own them for the delicious long term. i'll take calls. jeff in new york. jeff? >> caller: how you doing, crimer? >> i'm doing okay, how about you, jeff? >> caller: not too bad. last winter i heard a lot of talk about gold and silver bottoming out this summer and it seems like maybe it did. but what i want to know and i don't hear much of is whether it's going to climb and where it's going to go. one more thing, i recommend gold not silver because gold, a roll of quarters can be $10,000, silver you couldn't carry $10,000 with a pickup truck. >> i agree with you about silver. it's too much industrial use so it doesn't give you the hedge you want. you know me, i've said in the all my books and since this show began. owning a little gold is the nice insurance. you want the rest of the portfolio to pay off but i'm not against owning gld. let's go to walter in texas.

walter? >> caller: hey, madman. yesterday when fed chair yellen announced interest rates will remain unchanged she used the word "global" as a reason. how much do you think apple's near future success is dependent on china? >> a huge amount. look, of course we heard from tim cook, the ceo of a that will china's quite strong. i don't think anything's changed. apple's doing quite well there. but here's the issue. there is a psychological depression going on about any company who has any business in china. it's overstated. i think the chinese consumer isn't doing as badly as the companies that buy iron or coal or steel. of course they're flooding the world with steel. so i'm not sweating the chinese program. i recognize the chinese stock market is terrible. but i think the chinese consumer is better than the stock market. tim in california. tim? tim? >> caller: hi, welcome to california, jim. >> thank you for having me. >> caller: hey, my question is about rite aid.

they just recently reported but the stock has gone down drastically. is this a time to get in or get out? >> people panic badly when rite aid reported. it was almost as if they haven't done anything right and the turn isn't for real. i say rite aid, give me another chance to get in. keep your eye on the prize, people. this is about stocks not the fed. we're in a fed-free zone. you can get buying opportunities as we go lower next week. coming up on "mad money," a global media behemoth that's up more than 100% this year alone -- netflix is crushing it and showing no signs of stopping. ceo reed hastings joins me for a special -- believe it or not -- two-part exclusive to talk everything from the company's expansion to the most important thing that's allowed for such phenomenal growth. you do not want to miss this. believe me. j one company is using the cloud to keep organization from financial firms to governments running smoothly. what difference could workday make for your work force or your

portfolio? i'm talking with the ceo. plus the fed didn't raise rates so where do we go from here? i'll explain what to look for next. so why don't you stick with cramer! at&t and directv are now one. which means you can watch movies while you're on e move. sitcoms, while you sit on those. and even fargo, in fargo!

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has a huge impact on what they do with the rest of their lives. the fewer words they hear, the greater their chances of dropping out of school and getting into trouble. talk. read. sing. your words have the power to shape their world. learn more at first5california.com/parents >> prognosis for netflix? >> i think it's a much bigger

stock. i think you could take it to the percentage that you did in san francisco nationwide and it would prove that not son-in-law there no saturation but multiyear growth. >> anything you want to say? >> thank you for the support. in san francisco, we're about 15% of households now subscribing. the rest of the country it's 5% so we have a lot of catch-up to do and we're making progress. >> that was a clip from 2006. the last time i saw netflix's ceo reed hastings. that was back on donny deutsch's terrific show "the big idea" on cnbc. always good to get something right to the tune of 2,300% plus while the s&p is up 42%. netflix has become a streaming video colossus and has fabulous original programming that has transformed the way we watch tv. they're expanding like crazy internationally and can cover the whole globe by the end of next year -- that's if they felt like it. their domestic business is proving to be much more profitable than the legion of

critics ever imagined. now, netflix even after its recent 24-point pullback remains the best-performing stock in the s&p 500, up more than 100% for the year. and when you get this kind of retreat in the stock, historically as i always tell you through thick and thin it's been a very good buying opportunity. worst case and in this miserable market we would probably get it as stock goes lower and you can buy more at cheaper prices before it starts its rebound. earlier today i got a chance to check in with reed hastings, the visionary founder, chairman, and ceo of netflix. take a look. reed, 13 years ago today your stock was at 85 cents, now it's north of 100. if you had to figure out why that occurred -- and i'm not asking you to do prost nostication because you admit you're not great at that -- why could a stock go from 87 cents to north of $100 in a short period of time. >> it's the internet. the internet is transforming so many sectors of our economy and

more internet tv and that sector has grown from very small 15 years ago to starting to be significant now and in the next 10 or 20 years internet tv will be all of tv. >> how did you know? there's a lot of other companies that fought this or decided you know what? it will never happen because the cable companies won't let it happen, they're our enemy, it will be too expensive. how did that you have vision? and in the vision you succeeded 90 million. how did you know the industry might not be able to stop you? >> you know, i think when you see the internet, you see the growth of these companies like uber and amazon and every sector, it's not just us. the internet allows just incredible consumer experiences and so we're willing to bet on that. >> a lot of times analyst asks you -- and they're often confined by the four walls of their business models -- why don't you raise prices? original programming cost too much. you went against the grain on both of these. why were you certain you could do so? >> we've invested in original content like orange is the new

black, our new great show narcos. we have a new movie called "beasts of no nation" in one month. so we're investing in that and more people joined the netflix service so that's how we make money from it. >> how do you know what we'll like and how do you know we'll like in the brazil and now you're worried -- how will indonesia react? how do you know that other countries will like the kind of program you put out? >> we don't know 100% but we're playing the odds. we're taking good bets on shows, good bets on creators, we're trying to feel our way along and we're a learn magazine. every time we put out a new show or are analyzing it, figuring out what worked, what didn't so we get better next time. >> how do you know in particular when i look at what i order thatly pick four of the five things that you tell me i might else like? >> our personalization learns from what you watch, how long you watch it, how quickly do you go to the next episode. do you rewatch some of it? all of those things are inputs into our machine learning and

that's getting very good. >> you do technology as creativity. i'm wondering whether you don't have an algorithm that tells me that i want to watch "scarface" and i want to watch "breaking bad" and know more about how the narcotics industry worked in the 1980s. was that al go al grit mick? >> absolutely. it's amazing. it's very fresh perspective. >> how come "house of cards" plays everywhere? >> "house of cards" is an elite. you say it plays everywhere because all your friends are -- >> well, they love in the china. >> in the elites. but there's other shows "hemlock grove" that's great for different audiences. so we've got many different shows. >> there is an amazing thing about the way you report your quarter. you love to talk about competition, whether it be cable or piracy, weather it be from hbo, you break out a segment. in one of the conference calls you said "listen, you've got to

beat hbo at content before they beat you to technology." why even bring them up? you already have more -- well, worldwide. and why is it so important to talk about the competition? is it just because you're competitive? >> we talk on earnings call just like we talk with our board of directors. we try to be very transparent. we give our exact internal forecast out. we're not trying to massage it. we're not trying to play with it. we talk about competitors, the we we talk about them inside. i don't see why it's a difficult topic. and we've got great competitors. you know, hbo, we've grown over 40 million in the u.s. and hbo's continued to grow despite our growth. >> yeah, it is, what, 28, 30 now? >> well, they're over 30 in the u.s. and then over 100 globally. but they've really led on the other side of getting good at technology like hbo now and netflix and so the two of us have just a great rivalry. >> when your company was at $12 billion and you're a very shareholder friendly company because you can tell your employees they can take in the stock or cash, were you surprised that someone didn't

scoop you up? that you didn't get a call from apple or cbs which was twice your market cap before you became twice their market cap. >> you know, a lot of companies get bought when they first go public. 2002 that was for us. but every five or ten years later it gets less and less and so now it seems pretty unlikely. >> i want to talk more about original content because i think it drives things. it's real expensive. you're willing to say, listen, my free cash flow is going to go down. you're not afraid. why aren't you afraid of the wall street gods that would demand that free cash flow go up year after year? >> we're investing in valuable franchises. when you look at "orange," we have cash out front, up front, and then we get to have it on our service for many, many years. and those look like very good investments so i think that's why we've got the support for the investment. >> i'm always surprised that you are reupping things before i would even think that you're sure that it's going to work. a lot of times pilots or a show goes on two or three times on

the major networks and it's canceled immediately. what is it about that you're able the know that "orange is the new black" which when i watched it with my daughter i was like "let's put something else on." how do you know what to reup? >> we learn so many good signals of what people are watching and what kind of volume, how intensively. so we can tell pretty quickly what we think the trajectory is going to be on it. and so, again, it comes back to this learn magazine. we do program, we learn from that and we will make mistakes. we won't have a perfect track record but we only get better. >> only one nfl team has had a perfect record but there are a lot of good players. don't go away, we're going to get personal and values and talk about how great it might be to work at netflix. stay with us.

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(vo) wit runs on optimism.un on? it's what sparks ideas. moves the world forward.

invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to invest... ...in this big, bold, beautiful world. we're back with reed hastings, the visionary ceo of netflix, just came back from italy, my honey moon. i have to tell you, my wife, gave her a promise. i said i would watch "princess bride." we're in florence, everything is going right in this honeymoon, it says netflix isn't in italy. i paid four bucks to watch it on amazon, that's already half of what i pay for a month. how come -- and i know it's going to italy -- how come the rollout takes that sflong. >> q-4 next quarter you'll get netflix in italy. it's because we have to pay for the content. we have to win the bidding for

the content. that's why we're going country by country. >> that makes sense. i want to talk about a high sierra moment i just had. you may not know sierra, she works for you. i'm going to see my daughter in tulane this weekend. she has a new documentary or movie about the fall of berlin in world war ii. i went to sierra this morning, i called her, there was 42 seconds before she picked up, she knew exactly how to put things in my queue. where do you find these people? >> there's so much -- people come to a company about entertainment so we have the greatest employees in the world that are attracted to this idea of everyone loves netflix, great content enjoyment. >> you still have people. i've been having problems with twitter, i'd like to get someone on the phone. a lot of companies don't want to put people on the phone because it hurts their numbers. there are humans and humans cost money. it sounds like you're willing to pay your humans more than anybody else because you strive for excellence and success. >> our basic philosophy is to have the right people and pay them well and through that we've got tremendous loyalty and low

turnover and high commitment to the customer. >> let's talk about values. high performance, freedom, responsibility, context not control. these are obviously not -- it seems like if you want to do well at netflix, you have to subscribe to the values and if you don't, you're out. >> and the reason we pull lish our culture deck is so people can figure out before they come to netflix is this the right fit for them. >> what's intriguing is i looked at everything you sent out in the last five years and i would like to think you've told me enough to replicate netflix but no one can. why is that? >> it's probably like starbucks. it doesn't seem that hard to make coffee but yet one coffee chain is amazing around the wofford. so there's heart and passion that doesn't come across in the words. it's the execution and the people at netflix. the people that watch netflix seem to be an important group because they seem to prove that binging and buffering don't get together. why are you able to win over the politicians and defeat what would be a cable initiative that

says he's got to pay his own -- he's using 30% of our bandwidth, why isn't he paying more and why isn't a netflix customer paying more? >> we're on the side of the internet and the internet hasn't lost a lot of battles in politics. so when that you have great tail wind, people love the interinnocent, the thing that gives them more options and they don't like buffering. >> typically what happens when you're in this situation is the people on the other side get together, they gang up. more media consolidation because you're so disruptive and you're going to be market cap, i believe, worth all of the networks at one point? >> the taxicabs haven't been able to hold back uber. walmart hasn't been able to hold back amazon so it's a sector thing. the internet offers such power. >> when we think about the internet, we don't think of programming. what made you realize that customers are not getting what they want? that's in effect the idea of you being some programmer somewhere or maybe it isn't. maybe algorithmically you know what we want and that's why we

are such pro netflix. >> people love to have selection and be able to just click and watch, click and watch. it's much more normal interaction than waiting until 6:00 or 8:00 for a particular show. >> let's talk about click and watch. china has hurt a lot of companies. we don't like china, if you're big in china we want to sell your stock. but here you are crouching tiger hidden dragon which, by the way, you're starting in big screen 3d. how will you be able to transfer that and why are you confident in china whenever other company i know is saying oh, boy, china, i don't know where it's going. >> well, with netflix we're not yet in china. but we have the great "crouching tiger hidden draggen 2" coming out next spring. it will be in theaters around the world not just china. >> when i see a program that i like, i no they will work here, too. i don't want to stop watching it. i want to watch it all weekend. the numbers for weekend watching are extraordinary.

how much of people piece mind share is netflix now? >> it's hard to say. we look at the particular shows that come out and they're huge that weekend but it might be ten weekends a year we have a new show. so we have 42 weekends more to grow. >> "orange is the new black," i'm talk talking about nielsen, "orange is the new black" won, so to speak, mind share and won binging over nba. i thought sports was something we had to watch, disney, the day that will live inn infamy, august 4 when they reported and told us there were a decline in subs, it is happening right now? we're cutting the cord and binging. >> there's a few people in have cut the cord but it's very small still today but it's worry about the long term. what's happening is sports networks will go to on demand. you can watch any game, you can watch it on any device so think

of all the current linear networks, they'll go to on demand also like hbo has. >> my kids don't have tv. they have netflix. they regard netflix in the way i regarded kleenex and xerox. this happened very quickly. why? >> as the internet grows people are adapting these new scenarios. they probably use uber, they don't a car, they use amazon. you have to think of this big internet sector story transforming our society not as fast as we naught the '90s but, you know, when you look at the big picture now it's impressive. >> we want to know how much you care about winning, including emmys this weekend. is that a way -- should i by thinking about netflix as emmys per share? >> no, emmies is a long-term game. we'll do better every year, have more shows but the emmys reflect elite tastes and that's an exciting sector but we want to be super popular and very broad so it's only part of the picture. >> super popular and very broad means getting the best actor from brazil, getting the best

director from mexico. how do you know these people? how do you know that will play worldwide? >> well, netflix has been operating internationally for many years now and if you're a great brazilian talent or french talent you want to be on netflix because it's global. >> brad pitt wants to be on netflix. amy poehler wants on the on netflix. i thought they would want to be on the big screen. >> brad pitt is doing a big movie "war machine" that will be movie theaters and netflix. we're not anti-movie theaters. we just want to provide selection and choice. >> is netflix bigger than hollywood? >> no, it's one little part of hollywood. >> let's leave in the a humble way. you're a humble man with tremendous success and inspiration to many of us. that's reed hastings, the co-founder and ceo of netflix. i hope you enjoyed that as much as i did. stick with cramer.

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tough day but not unexpected as money managers who place mistaken bets going into the fed meeting unwound their positions and traders fled ahead one of the year's most seasonably weakest periods. a moment where stocks have declined in 20 out of the last 25 years. remember, some stocks are getting hammers because they need to have the fed raise race,

particularly the financial which is happen to be the largest sector in is the s&p 500. it's hard to mount a bullish campaign without the banks. it's ugly and it doesn't seem to matter that the terrific ceo of wells fargo, the big bad loser in the group, told me yesterday his bank is well prepared for lower longer, a term formally reserved for oil. that's being applied to interest rates since yesterday's fed meeting. wells fargo is emblematic of the people who thought the fed would raise rates, something that would cause banks' earnings to go up immediately. now traders can't dump the stock. my charitable trust owns as well as --wells for the long term. and a company with a ceo that just told us things are good is something you should avail yourself of when you get the opportunity. remember, this is warren buffett's favorite bank and he's not flipping or flipping out because of the short term moves by the federal reserve. having oils take a step back

didn't help, either. this market is in the grips of a stupid mind set right now. one that says crude has to go higher for the broader averages to put on a great show. it's incredible how consistent this unholy alliance between higher oil prices and higher stock prices has become. when it all goes down, all stocks seem to go down. even those that benefit from lower crude, but none fall harder than the energy stocks themselves. they are horrendous. however, i remain convinced companies with secular growth -- growth not dependent on a stronger economy -- can blossom over time. that's because when the fed says there's no inflation, we're naturally willing to pay higher price to earnings multiples for the stocks of companies with rapid growth. hence why adobe, a software company with excellent cloud growth, could see its stock go higher despite horrendous selling all around. after the company reported excelle excellent order growth last night. we value a company's future earnings power more in low inflation times like these as long as that company's growth can overcome a sluggish

environment. and this is certainly the case with adobe. unfortunately, nobody else today reported earnings of note so the waves of future selling augmented by a nasty options expiration and tough seasonality for stocks crushed the averages every time they tried to lift their heads. we can sweat the program or we can remind ourselves that if you combine yesterday's losses with today's you'll notice we gave up the same ground we gained earlier in the week, not worse. i think you ought to take pahea that we avoided a potential disaster, turmoil overseas and a weakening of our market could have happened. we could have been down 500 points today and 500 today and it would not have shocked me. i say keep your powder dry like we've done with my charitable trusts. pick your spots next week in the spots you like when they reach bargain levels wait for the next down lay, a decline i don't think will be super deep before you pull the trigger again. let's take questions. let's go to paul in texas.

paul. >> caller: hi, jim, from beautiful, sunny texas, how are you doing? >> i'm doing fine, not a dallas cowboy fan but texans are fine. what's up? >> caller: my question is black rock, they're a fantastic company, great products smart team of people and their stock is down strange this year, they're down faster and deeper in this dip than the other financial-related sector companies their stock seems to be in a drag all this year my question is what's going on with them? is their stock a steal, a bargain, or is something wrong? i can't make sense of their stock being down this fast and deep. thank you. >> well, nothing's wrong. the stock has had a big run, it happens to be a great source of funds for certain investors who need to raise capital. i would say let this one come in, there's no hurry, i do not expect the stock to rally in this environment. we need higher interest rates before people get excited about

that stock again. that's the way it is. dick in virginia. dick? >> caller: hey, jim, you look great out there. >> thank you, dick, i love it out here. >> caller: i want to talk to you about palo alto networks. i read your book multiple times and do you think they here in a state where they're disrupting their space? their earnings are growing? they're taking market share? the tape looks good, it was up in a down market and i want to get your opinion. i'm holding on to it to hopefully get to the 200s. >> i don't know if i can get to 200 right away. i did take notice of the option today so to speak. it really held up and that's because it's in the secular growth area of, let's face it, cyber security. unfortunately it's a multiyear growth story. if i owned the stock, would i sell some here? no, because it's a multiyear story. those who need to raise cash or think it's going to go down 10 points -- who i think are very short term -- if they want to sell some, fine. but i think longer term palo

alto is great. brian in new jersey, brian. >> caller: jim, with the current oil prices, what do you think about royal dutch shell's ability to keep its dividends? and i overheard some chatter about the bg deal going through. what do you think? >> well, i'm not a fan of royal dutch. i thought they paid too much for bg. the yield is not protecting any of these oil companies so we can't just say, you know what? i'm going to buy royal dutch and be protected by the yield and if they cut the yield, they cut the dividend the stock could go lower. all right, use this selloff to your advantage. get in on bargains slowly and then wait for the next leg down, presume it could happen and have room to buy a little more. much more "mad money" ahead, including a closer look at the market's moves today and the average is closed in the red after the first full day for the fed's decision to leave the rates unchanged. then a special friday edition of the lightning round straight from san francisco. plus my final thoughts on how you need to be positioned come the bell monday morning on "last

minute mad." stick with cramer.

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now, it's time for the lightning round where i take your calls rapid fire, you say the name of the stock, i tell you whether to buy, buy, buy, sell, sell, sell, my staff prepares the graphics on the fly but the callers are screened ahead of time. you'll hear this sound -- [ buzzer sounding ] -- and then the lightning round is over. are you ready? time for the lightning round. jeff in new york. jeff? >> caller: jim, this is jeff. what's the right price for priceline? >> i think priceline is the kind of high-dollar stock people sell in this environment. i want to buy into it as it comes down in stages not all at once. ben in texas. ben? >> caller: booyah! conocophillips. their dividends are down 6%. >> in a market where the oil stocks are headed down, we have to buy the highest quality which conoco doesn't count. i would much rather see you be buying eog, the growth stock that my charitable trust does. michael in new hampshire, michael? >> caller: hello, jim, and

booyah from new hampshire. >> booyah right back. live free or bye. >> caller: question for you. should i hold or sell my position in dell frisco restaurant group? >> del frisco did not have a good quarter. i cannot advise holding on to that. i was disappointed with the quarter very candidly. alan in massachusetts. alan? >> caller: booyah! >> booyah, allen. >> caller: csx, buy or -- hold or -- >> it's got -- i'm not buying anything that relies on coal to make their numbers. omar in new york. omar? >> caller: hey, jim, booyah, what's going on? thanks for taking my call. ticker trv, travelers insurance. >> travelers is incredibly well run, it buys back stock, it's not exciting, i don't need excitement, i like it. how about we go to athena in illinois? athena? carle kbee>> caller: booyah cra

>> booyah. >> caller: my stock is medtronic. >> i love the fact that the tax doom'll changed. they have not missed a quarter in a long time. let's go to jim in arkansas. jim. >> caller: hello, booyah! >> booyah, jim! >> i need to know with the new ceo of j.c. penney what to buy. >> i like the new ceo of j.c. penney, the stock has been up a lot. let's wait until it gets to eight bucks and pull the trigger. it's that tough a market. that, ladies and gentlemen, is the cop collusion of the lightning round! me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform 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?

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on day where the averages got slammed by the post-fed meeting wave of pro. taking i washed you about, you know what managed to go higher, work day, wday, the cloud-based provider of software for human capital management, payroll and financial management. in other words, workday gives the companies the applications they need to automate their non-revenue generating back office functions, allowing them to save money by, for example, yes, laying off workers in their hr department. that's the winning formula we've seen out here in silicon valley. however, workday's stock has had

a rough time of it lately, getting crushed by the big august selloff in all things growth related and getting hit again at the end of august after the company reported a good but not perfect quarter where the analysts were concerned about workday's weaker-than-expected billings guidance, not the billings themselves. i think it could be overblown as they reflect a change at how the company changes. plus, with the stock nearly $25 off its highs, i think it's intriguing. yet at salesforce.com's dream force conference, i got the opportunity to speak with aneel bhusri, the co-founder and ceo of workday. take a look. aneel, you had an incredible quarter. everyone seemed to focus on guidance, jeffries confounding guidance, overshadowed by guidance. can you do a do over about what happened given the fact that the quarter was so good? >> as you mentioned, we had a

great quarter, over 50% growth is subscription revenue, total revenues and billings. i think wall street deryes too much from calculated billings because terms change from quarter to quarter. one large deal where we have a different set of billing terms does impact billings. we feel like we'll have a strong second half of the year. the pipeline looks strong, customer satisfaction is high. and i think people read too much into billings. >> the stock itself sometimes defines the story and your cfo said "we could be profitable if we choose to do so but we believe more significant opportunity in front of us rather than behind us." do you think that talk is scaring them? that people want profitability now? >> all of our large public investors, the ones in it for the long run, are encouraging us. keep taking market share, don't slow down, we don't want to see you profitable. we're generating cash. so i think the worry for some of the recently minted public companies that don't have enough cash to stay afloat, they're in a different bucket.

we have $2 billion of cash and we're generating cash. this is a once in a lifetime land grab and we have to take advantage of. >> it and you believe like mark benioff at sales force that the goal is to go to 1 fwold $2 billion as soon as possible. that's your rap? >> it's taking a page out of his book. went from 0 to $100 million, our goal is to $3 billion and we're looking to map that out. >> obviously beyond just human resources, human capital management, talking about a full sweep. when you goo go into a pfizer, the largest pharmaceutical company, how do you approach it? what do you have there? >> there we have the full hr suite. we have a lot of pharmaceutical companies that are happy work day customers like j & j. gsk, amgen. so we've taken over that market. pfizer went through a detailed evaluation and chose workday. i'm the executive sponsor, that project will go well. i'll make sure. but we're running at 97% customer satisfaction. >> oracle reported the other day

and what did they say? there were four mentions of work day. the when business comes up they win it from you. i don't recall you losing any customers to oracle. >> and neither do i. when we compete for new customers we beat them more than they beat us. that's always been the case. our rain rates in q-2 are the highest we've seen. >> and renewal rates? >> pretty much 100%. when you think about the uplift from new products higher than 100%. >> a company we love, they're inquisitive, they've developed, they make more and more market share and they also -- when they acquire, it's difficult to figure out human capital management. is that why they went to work day? >> when you're a large gobel company dealing with employees across the globe, dealing with complex operational change, the legacy products don't work. our product is perfectly suited for those kinds of organization which is is why we have so many of the large fortune 500

companies on the platform. >> one of the things that surprised me is when you look at the arc of a conference call, you were doing some interesting things in financial. i do my own work because i've worked on wall street, i know morgan stanley, for instance, very happy customer. that's a huge account because that's, again, a combination with city. but you never mention any financials so i think people may think maybe they don't have big financials. >> well, morgan stanley is a financial services customer. they're not yet a customer for the financial product line. so for the financial product line we have big companies in the pipeline. we only said about four months ago that we were ready to take on fortune 500 companies for financials. >> right. >> and the pipeline doubled from q-3 to q-2, the pipeline doubled which i haven't seen in a long time in any company. we do have big names. chuck e. cheese is one of our favorite customers. lifetime fitness. netflix runs our financial products so there are a few names. when you get to the fortune 20, fortune 100, they're coming. you'll see them in the next three quarters.

>> last question. we're in san francisco, it's obvious people are in demand, computer science, computer engineering. if your stock doesn't climb, will it hurt you in getting the right people? >> i don't think so. i think in the long run our stock will continue to do well. we're building a company for the long run and it's about building great products and having happy customers. and i think what we're really better that the our competitors than is having a great culture. we've been voted one of the best companies to work for seven years in a row. stock prices are at a point in time, if you believe until the future and in our space, we're early on in this space. it's a great opportunity. >> i totally agree with you. that's aneel bhusri, the co-founder and ceo of workday. go through the conference call and the research, it's making a ton of sense to me at these prices. stay with cramer.

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always eye opening when you're in san francisco. i want to thank everyone in the bureau and thank if this fabulous city for what i need to know about technology to make you and myself better investors. yes, the market was hideous today. i totally get that. but you have to understand it could have been far worse if the fed had raised rates. remember that. and don't be too eager to buy stocks yet. there's always a bull market somewhere, i promise to find it just for you right here on "mad money." i'm jim cramer and i'll see you monday!

>> narrator: in this episode of "american greed"... samuel israel the third, the big money hedge fund manager... >> carl catauro: most good fraudsters, and ponzi schemers in particular are people who strike all the right chords. >> desperate to succeed... >> guy lawson: he lived through the most decadent era in human history, and was a creation of it and was destroyed by it. >> and the scam that bilked investors out of 300 million dollars. >> john siegesmund: literally, within the space of minutes, i had lost $336,000 dollars. >> it all leads to this bridge and a suicide note... leaving investigators with two key questions... "where's the 300 million