nancy and mike. >> texas instruments. texan, doing something crazy here. >> yeah, nancy, i'm melissa lee. see you again tomorrow at 5:00 for more "fast," in the meantime, 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, 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 and i am trying to make you money. i am here to educate and call me or tweet me @jimcramer. we're getting a formula for what is working and what's not. so so. including on a day like today

where the dow sank and it's 5.9 percent and then 8.4 percent and it's the the best thing to watch this play out and in other words, it makes sense but only for a few days before the market loses interest. consider for weeks the market despises and then they were low. the market hated them and they were over sold and kept ongoing down and down. and out of nowhere a couple of things happened and then things that determined the stock prices suddenly changed the view from bear stock to bullish in the blink of an eye. for starters general electric for a one two punch and got the endorsement of a famous investor and the only one of his kind if you followed him, you'd bead the

market even if you bout the position after it was announced and after it spiked and he got involved buying a ton of stock. last friday ge reporter had no flies and that's up. that was the signal that there's now an appetite for these, and they're getting more more months. since then we have seen you united technology and then the d disapointing announcement and then it went higher. only ppg was included to be expe expected and both roared ahead and that's the reinforced beat and even up here and look my job is to pull back the curtain and explain what is happening in the stock market and it worries that it's by the federal reserve system and what's been the

benchmark and they would say 12 percent in the s&p and owned eight percent. it's many and now just now warming up to the notion that china is improving. we know that both have gotten stronger and the kpie knechines consumer is starting to buy cars again and then all of these are making them frantic. frantic in the efforts not to miss this bullish reranking. they want in and at the same time there's now a sense of hatred in the drugs and health care stocks. it's companies that are so consistent. think that the money that's coming into the industrials is going out of health care.

we're going into an election year and at any time nobody wants the politics as the drug business. so the companies people identify with dramatic increases and drug prizes i want you to think value wise and they're being trashed almost daily. turn the performance right into tonight and it took my breath away. as a short selling research compared to eron and the stock at one point was $60 from it's $150 opening price and closing down to 28 bucks. it was one of the scariest that i seen. as long as they're in disarray, they're whipping and hillary and the democratic nominee is an opponent of higher drug prizes. this group is done and finished and left for dead.

it's going to be difficult to get sustained upside here from the formulations until the bottoms by the way and then for good. let me get a big one and then they both have to happen. this group may not be able to stabilize. meanwhile they're flooding at oil stock and i mentioned them at the same stock and it's good for retail and it sure does not plan out that way for a moment. we know the oil one continues and bigger for the inventory and i barely had the increase of the driving and then at the same time the prime minister has killed the pipeline on his end and then as chip told us many of the companies big and small are running out of money and unlikely to get the bank money. the saving grace here is taking over the backers and this oil is making competitors and the stocked owned, and i think that it's bottom.

it's a disappointing one tonight could put a little but in the group. i expect all of the ml p's to trade down. even as the oil prices get slammed, something that leads to slow er gasoline price. they're cutting right into the bottom line. the whole group got crushed and they're so lagged. the problems will be fleeting and you won't get a bottom over night. there's too much stunned money in the name. it did not help that walmart slashed the earnings part because of the labor cost. the problems of walmart are not just spilling over o. believe me if walmart were planning to give away the foods, there's too much over lap and

tech is hard. the high value stocks have been ruled by the market and it's taken anything and something that shareholders will discover after today's quarter and shareholders discovered when morgan stanley took twitter to an outright sale this morning. the growth and the expansion have ran into a wall and the consumer reports and netflix is dropping. that was a leader and it was the domestic subscriber. there's some joy in techville and today is no different and then jumped on the core and then consolidated and the capital business. not all of these are working in tech. dells look stunded because the

business and the one fast growing, seemed to have hit a wall. however, after the close old fashion texas blue away the expectations, so who knows. we know the market likes the noncontroversial and there are not many places to find it. there's traditional growth and think about starbucks and facebook they continue to be loved and then the growth coupled with the others and then clorox and kelloggs and then a fabulous quarter by an environment that people seem to change diapers more often and have more kids too. then the financials for a tough group. they think that travelers is gorgeous and a bunch are are doing well too. they think that there's no traction. look no further than american

express. bottom line is that the views are breathtaking. they're giving you many sleepless nights. everything else is just a rolling bear where you might get malled and might depending upon the day. terry in washington. terry! >> jim, got a couple of questions on white wave verses hanes. they just got downgrade. what is your favorite of the two. >> i like them both. that's the travel trust. they got downgrade and my thesis is twofold. it can be acquired or growing well. that's a lot of the plan base food bank. both of them are buys and i do not think that organic industry is a craze. i they it's here for a long time and respect the fact that it's to be sold. think they she is wrong.

maybe she is right. stephen in maryland? >> hey jim, how are you? >> i am great. >> thanks for taking my call and the advice that you provide. >> i want to ask you on the stock that does not get much press they seem to be doing work all the time and had a good report and a wild ride today and in a longer time i want to get your opinion on china and that. >> you know i have not looked at it lately and do not know the break down. i know that they make the stuff that goes in homes that i like. they have a commercial heating and water heating business. that's been slowing down. let me do more work, and i will come back to you. some of the moves are great before the market moves over to the next mauling turning plastic

into cash. can it continue to keep the profits fresh. sn. now is the chase to buy the stock? i am taking the company for a test drive after the full day of training then chiptole lost it's spice. is is it temporary? you're not going want to miss it. don't miss a second of "mad money." have a question tweet cramcramer #madtweets. send him an e-mail at mad money at cnbc.com or giver us a call at 800-743-cnbc. miss something head to mad money at cnbc.com. (vo) what does the world run on?

it runs on optimism. 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.

look at upper ware and after spending the past couple of years in the dog house, they may have finally gotten the groove back. how did they lose it in the first place? well, it means that it's really gotten taken to the cleaners by

the super strong dollar, and it seem that is they finally adjusted to the foreign exchange issue. how do i know that? it delivered an earning off a 71 cent basis and then a local currency and as they were down 11 percent in dollars. they are coming back and asian pacific is doing terrific and china at 18 percent. overall they're emerging and increased by 20 percent and the north american is on fire. no wonder the stock is up today. let's not forget that it's a share friendly and a company of buy back and going to a nearly five percent yield and it's more room to run. earlier i got to check in with them and hear more about the quarter and the companies prospec prospects. take a look. >> rick, give us a blow out and this really was a new product

and china and just a kind of a moment in time. how did it happen? >> well, i have got to say fist that we have an attitude. every business model works until it does not. our guys keep on leaning into it, and things came together this quarter. it was nice to see. >> this number and everyone is saying that they're not buying. maybe they're not selling the right stuff. >> that has part of it to you. china is five times the size and $10 trilli $10 trillion. >> that's more true than ever. >> absolutely. interestingly we have this happening and they're going to be 50 percent of the workforce

by 2020 and 75 percent by 2025 and 58 percent of them want not work 9:00 to 5:00. the traditional workplace is not they're cup of tea. >> so you're telling me that the average age of the reps has kate middleton down? >> yeah, significantly. >> really. i don't think that people know about that. we started really doing research and what are the they looking for? they want purpose and when taylor came out there and took on apple, she did not have do that. she did it for everybody else. we're attracting a lot of the people can and the wlohole con

septemb septemb concept is sticky to them. >> move the sales come from innovations that you you come up with every single year. >> yeah, interesting. if you look back when i joined the company, we were 85 percent food storage. we have a category called food preservation and it's about 25 percent. our new product program is what we focus on most of the time on. we're the number one seller. the cook books in france and a cutlery company. that's food prep for business working woman. that's what it's all about. >> a bit of the strange numbers and then the currency. i had expected europe to be stronger and you have a great presence. >> well, they have something to worry about and i am part of this and the conference of the european leader and they're

getting older. they're not producing enough jobs. when steve jobs launched the phone here, he had a market of 300 million. over there look at what happened and they had to get registration in 40 different countries, so i think that we're navigating through it well and europe feel good about it. they have them too. >> you have been terrific in the pipeline. i notice av skparks they're burdened by a lot, but at a certain point, don't you want to put it through yours? >> no. that's not a -- >> that's a no. we have wonderful beauty business in markets. >> and you don't need that. that's rick and ceo of

tupperware. coming up what is cooking? >> they have lost a cinch of sizzle of the dispinting results. is there spice left in the stock, or has the flame been turned down? don't miss crackers take. mers t. .

today we saw a ferri and the highest of the high and now trades under the fabulous symbol race. race. there's a lot of excitement when people get the chance to buy the shares for the very first time. it's not a surprise that the stock holding is 5.8 percent today. however, before you buy this before you're in love with the beautiful cars, i think that it's worth taking a look under the hood in order to see what you're really getting when you buy the shares that we saw today at the exchange.

we know that they have a descent size race car and in addition to selling cars, we know that the company also sells engines and branded swag to capitalize on some. and perhaps the most important part is not what you're buying with this, but who is doing the selling. sell sell sell. sell sell sell. >> in this case they belong to fiat and chiseler. they have the missing ten percent being sold to the public. they have been in charge here and this is only the first step that result in the complete separation from chrysler. we know that they're an operator and they're spinning for two reasons and the performance is lagging under the less exciting brands and mainly because they believe that they can get a higher evaluation as aa company. makes sense to me and that could be the case. now, when they build a car, it's about performance.

what about the performens of the company. when you look at the numbers here, you would be surprised and sure they're reshted and 18 percent and 2014 and the sells were basically flat in the first year of 2015 and as the net profit increased in the same period. let's think before that and sells and earnings do not tell a story. it increased to 755,000 cars. it's declining before and the first quarter only shipped 1,635 cars and down 5.6 percent from the year before. they may not mean what you think, because they're not like auto makers. the company flat out says that the man out did the supply and they plan to keep it that way by limiting the you supply of new car that is they make. let me read you the part that i think really helps you. we believe that waiting lists have promoted the excepts

accordingly we monitor and imagine the waiting list to maintain it while ensure thag we do not jeopardize and they try to not meet the demand for the vehicles. you know that, it makes a lot of sense. it's why they can get away with selling the cars from 188,000 to $44. it's a luxury item and they're defined by yes. as always they're scared and on the other hand it's a difficult to grow. now before 2013 the productions were determined by the maximum capacity. after they shipped the record, management decided to limit the number of cars sold to roughly 7,000 a year in order to main that i know at that sense that they talked about in the prospects. going forward they plan to kwont to keep the volumes relatively

low. i mention that had this morning on the floor of the exchange. can you double do it? that's not what it's about. they do increase or intend to do the shipments from 755,000 to 9,000 by 2019. i want the double production. forget about it. they have dictated a 4.9 annual growth and that's right. you heard me 4.5. we usually don't regard that as growth. the growth is five to ten percent range and how quickly it's valued and more on that later. i like to see how much faster growth that you can have here to justify the prices that people are are paying for the stock. of course we don't know if ferrari will be able to execute of the production of the new car. if they do, we have to be concerned that this is going to hurt the company and power. giving them the point to keep the vibes down is to keep the

price point high. now believe it or not, it's only 77 percent and the rest are coming from engines and commercials and sponsorships and the businesses it's only the engine segment is growing rapidly and then making a real growth driver for the company and even thousand that it's 11.3 percent of the sales here. put it all together and you have a company with a sexy product that's gorgeous but not particularly sexy the evaluati. it's current price and the marking of $10 billion and trading at 31 time last year and giving the growth rate, that's a fair price to pay here. considering using the 2014 motors and they're doing well sells for just 11 times and ford sells for 14 times and then fiat and chrysler and ferrari leaves

them in the bust. they do not necessarily have the better financials and truth be told i would rather own shares in fiat and chrysler. maybe they're not an auto maker. how does that stack up and good seg segment, let me see. tiffany good company and 19 times earning and then again none of them comes near the evaluation and then put it another way. with the current billion dollar market cap and it's being valued at $1.6 million at a car. 1.43 1.4 million of the car and to be fair they have a rapidly growing business and that's easy to argue that they have a multiple. they do have one similarity and they like the stock of ferrari for the product and do not care

about the fundamentals. they want a share of race. no matter how you look at it, it's expensive. it's only ten percent of the share in the hands of the public. they own 80 percent and in early 2016 and in a few months a huge stock will get dumped on the market and i bet that the share price is slammed. if you want to buy this one, i suggest that you wait until they unload the rest of the steak. i think that they get a better buying opportunity. here is the bottom line. no matter how many i like the foreign products, and i do. i cannot get behind this. if it's an auto level or not, it's trading at levels and i am not saying that it can't go higher, but i am saying that ferrari the car but certainly the stock way too risky for this guy. john in new york? >> hi jim.

thanks for taking the call. >> not a problem. >> i wanted to ask you the thoughts on the long time outlook? >> it was priced a little bit too high and they got away with it. think that the stock can difficulty. i am going warm up to it at a certain point. you have people like visa and mastercard. they're better companies even though they're not apples to apples. that's not necessarily a good thing. this is just too expensive. i cannot get behind it. more mad money after the earnings yesterday and i am buying the resent take over that's taking it to new highs and then going over chiptole after the buying opportunity or a busted gross stock. tonight's edition of the lightening round. stick to cramer.

kick off the trading day with squawk on the street. >> just say no. >> just say no. >> how about i say maybe. i got married last year. you got married long time ago.

enchs when the german enterprise announced the numbers, it took it by surprise and seemed clear that it's about the transformation and doing major and fast growing player in the cloud. they set it rocking 160 percent i higher. what's driving that? i think a lot of it has to do with the technologies and leading cloud base and express software that they acquired for $8.3 billion of december of last year. that made them the second largest player behind the sales force.com. now when they both concurred, they did something really smart. they decided to keep around the management team. they made a lot of sense and

helps the businesses to save a fortune and makes it easier to see what they're charging and with this shift and the concur application, it's no surprise to me that they're one of the few older tech companies that have figured it out out and so in order to get a better sense of what is happening and corporate travel, let's take a closer look and remains a ceo and member of the global management team and welcome back to mad money. >> thanks. >> congratulations. i never got to do it in person. what a fantastic thing that you did for shareholders and yourself because you're sticking around. >> first of all, thank you. it's been an amazing year. what they put in concur and in me, this has been fabulous. this has been an incredible year. not only from the growth of our business, but the fun that the people are having and building at a platform that we were able to do on your own. >> okay. so speak of what the company is

working with and they concur and then you introduce s&p. >> yeah, this is the beauty and one of the biggest global technologies in the world. they have 250,000 customers, and the beauty of the last 230four quarters of sap and what's been really amazing is that every single quarter we have grown at a faster rate each quarter. >> you know the drill and it's a fast growing company and then it days peers. >> they're really hard to do. you know the success of is driven by the focus of the management team. in this case they have been l lasered and then begin a chance.

look at -- by the way as the ceo and former ceo and recovering ceo of concur, it's wonderful to see the success. as a shareholder i say that it's great whether it's a rebound or glass or suck social securicess. the last quarter more than a hundred percent growth in revenues and bookings and even when you back out the positive impact, we're growing it best in class revenue and best in class booking. >> let's talk about bringing in all of the you new innovations that you have and it's all in the happened held. describe what it does? >> well, one of the things that i am excited about is that we continue to execute on the perfect trip. the idea that i can speak from my phone and not only is it the

provider of the software, but i will say okay i know what hotels that include like and the corporate policy and i will book it for you. as you take the trip, we will fill it out for you. that's the beauty of concur. now we have to do this as a global stage of ten x and what we had before. >> why you're at it, you don't need the expense of a travel department. i manage the amount of t and e has come down. >> yeah, i know that your parent company is a great customer of ours. we have seen great savings because the more that we can push this to a model that it's done for you, the less that we need in the human services and in complex business processes and it gets done for you. >> people are fascinate and can you run it through the way that it was verses the way that it was and where you stay. >> go back ten or 15 years ago and you would pick up the phone and call them up. somebody would basically book

the air fare and the real pain is when you came back you had to fill out on a piece of paper or a spread sheet all of these little cells and this is how much i spent by day and category. today that's being done and 80% is filled out for you you. this is the beauty of concur and the promise of what to do on the sap. >> there's the on demand economy. >> yeah, we just signed a great deal with lift and hotel tonight and then booking.com. all of those amazing companies that help you book travel to the platform. >> let's question i saw the disappointing number and any reason why they just did not buy it?

>> i can't comment on that and i think that investors under stand and we are seeing the core business grow. they delivered positive year growth rates in a market that the competitors and the biggest ones saw the decline. i they this is part of the story that's the really positive surprise. >> yeah, i was stunned by how great they were. no, he has it. the ceo of concur and what a fantastic job of the post ceos that have done with sap. "mad money" is back after this.

it is time, and it's time for the lightening round and then the lightening round is over. are you ready? time for the lightening round and starting with robert in new york. ro robert? >> my name is robert fish man and i have a question regarding stars and rlion gate films.

>> well, i think that disney pulled too much back. let's go to rob in california. rob? >> big boom from jim in west hood, california. my question is about crc. the company that was spun off. >> no. no. this is one that i think that they got -- they did a smart thing by getting rid of this one. let's go to david in george jon georgia. >> thank you for what you do for us home runners? >> charles in texas? >> hey, jim i was wondering should you buy sprint? >> i don't like sprint and i like companies like verizon, so there's no reason to put that on

the sprint. rock in alabama? >> this is bu and from lower alabama and i was wondering after the slide on western oil and san disk if it was just a coincidence if the micron slide with them? >> no, because they're going to move and this is now a stock that's tied to the bottom and not able to succeed. >> you how about paul in california? >> jim, i have been hanging with you since the first house er bubble and the government printing presses. i love but because of the great earnings, i went in to

pharmaceuticals. they do a lot for woman and kidneys. >> yeah they do. as long as you know that it's speculative. that's not the stock to own when they're giving them away. there are. >> joy in texas? >> just wanted to get the thoughts on tyson food sns. >> i blow up with them. my trouble trust owned them and the last quarter was so bad and lost a bill bit of money. it's doing well. mike in virginia. >> mike, from virginia my stock is kansas city southern. >> everyone k50eeeps on trying call bottom and the only one that i do like is union pacific and i think that it's too early to know that. and that ladies and gentlemen is the conclusion of the lightening round. >> the lightening round is sponsored by td america trade.

i'm here at the td ameritrade trader offices. ahh... steve, other than making 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? for all the confidence you need. td ameritrade. you got this.

the last thing that you want to hear when stock at chipotle fell at 5.6 percent is that you buy some shares with the rest haven't chain or the burrito. they recorded a quarter that disappointed wall street. it spurted the two plus number that we got and two plus. that's not what i was looking

for. nor did anyone want to hear the negatives and first of july was the strongest month of the quarter and things got weaker and sect object has started off choppy and then the real-estate is tough er. the wages and orderi perks and e have heard that before. it's in the technology and it's not in the out of store eating margret and as two-thirds of the market is eaten outside of the store and only a meezly seven percent is ordered outside. the company has not done the mobile experience yet. that's an understatement. fifth the new concepts are still there and six they said that the business is just getting started. i don't think at that it's rolling out all that quickly.

seventh there's no relief coming and they admit to they said i think that we took the eye off the ball a bit. that quote happens sometimes. the eye blinking including one yeah per lunch per day during and pretty dramatic and throughput after the quarters and at gains. and then the bible is stingy and just 5,000 shares and then despite $150 and hence why the stock took that huge hit. now let me go and explain why this might be worth owning. first this is chiptole and one

of the greatest stories of all-time. it was at $55 nine years ago when it came public. tough to give up on them now. in the last three years there's been three and a 40 percent shock in 2014 and 14 percent drop this year. in each case you had to buy it and not sell it. maybe not buy it immediately. in fact if you waited just a coupleover weeks it wof weeks i ideal time to buy it. that's because these issues as horrendous as they sound and all three majors involve and shop house are going to be in much faster in the next few years. the management is not going to take the eye off the ball. that's not like them and the labor costs are going up and i expect the food cost cans to go down and only good for the price

of the beef and then the new round of price increases that we're going set the real-estate and confident on that. it's going to address and then new personnel and then i think that this will turn into an opportunity to eliminate the long lines and then the stores. ner in other words, when you look back, you're getting the chance to buy the stock at a new trough if you wait a few weeks. the pattern is not to be able to buy it tomorrow. remember the best in management teams they never rest and see the same things and isolated. they know how to fix them. in the end i am talking about a leap of faith and one that's justified. i think that it's justified gain and then it's the favorite destination of the younger people in the country and they do last and certainly the higher same store sales of the nation. stick with cramer.

. right now the one that's in health care is so vicious that it's truly frightening many that were not used to seeing the stock and once because of a report that says that it's like enron. that's driving them away from the health care group and those are really the only groups that are unscaped. we need some calm before we can advance. i would like to say this and i promise that i would find it for you. i am jim cramer and you i will see you tomorrow.

[engines roaring] >> raise the roof! [yelling] hi, i'm jay leno. >> all: hi, jay! >> hi, everybody, how you doing? and this is a show about cars... it's fun to drive cars that are really different. and motorcycles... and, well, anything that rolls... it's like driving a two-story building. [tires squealing] >> ah! >> explodes... i love the smell of napalm in the morning. >> yeah! >> or makes noise. this is "jay leno's garage." [tires squealing] >> get out of the car, sir. >> [bleep] >> tonight... hey, we don't need no trial. we got our own law in this town. let's go get 'em, yeah! >> [all cheering] >> come on, yeah! >> they put me on a 70-year-old motorcycle i've never ridden before