portfolio. >> guy? >> fun show, fun show. expedia, analysts said enough good things. stocks did not react but will tomorrow to the upside. >> all right. i'm melissa lee. see you back here tomorrow at 5:00 for more "fast money." meantime, "mad money" with jim cramer starts right now. 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 some money. my job is not just to entertain you, but to educate you, so call me at 1-800-743-cnbc or tweet me @jimcramer. you know what i like about this federal reserve? they seem the to recognize that their job is to take action only when it's really needed.

and not when the hooting and hollering in the market place says something must happen or else, whatever else is. and that's how the stock market could rally today. dow gaining 74 points. its highest level of the year, by the way. s&p advancing 5.65%, nasdaq climbing 0.75%, because the fed's got a brain. it's not on auto pilot. it's taking the long view. and it doesn't want to be the reason why the u.s. economy gets weak, like almost every other country on earth. especially during an election year. with one candidate, donald trump, running against a huge part of the federal government. you don't want the fed to be added to the list of enemies that can be trashed at a whim. [ booing ] when the fed decided today that it wasn't going to adhere to the four rate hike plan for 2016 that it foolishly laid out in december, we got a nice commonsensical change of pace. while i personally think the data's gotten a bit better over the last month and hiring is better too, we finally seem to have gotten away from the notion

that hiring is all that matters. and what might be more important is for regular people to make, well, let's just say, able to make higher wages. i mean, let's face it. the anger we talk about in this election is deeply rooted in the idea that while it's become easier to get a job, those jobs tend to be a lot worse and a lot lower paying than most people thought would be possible in 2016. unless you're a computer science major from stanford. if only stanford took in 10 million students for compsci, they could raise rates with abandon. i also liked the way the fed described the economy. it's a little bit better, but industrial production is lousy, and the strong dollar that we've been having, it's really hurt business. frankly, that's exactly what i wanted to hear. some recognition away from donald trump's enginejeremiahs world trade. that if we take rates higher, we're going to be creating a playing field that is so unlevel for exports, we might as well

not even bother to try. and that's why not only did the stock market go higher, but more importantly, i think, the dollar plunged. plunged! that's right. plunged versus the euro. right after the fed's announcement. how important is a weaker greenback? get this. i think after tonight, we can retire the super freaking strong dollar phrase. ♪ ♪ she's a super freak ♪ super freak ♪ super freaky >> and we don't need to hear that music anymore, on this, the 11th anniversary of you aour sh. that's right, 11th anniversary of "mad money." because the dollar's no longer super freaking strong against the euro. that could mark the beginning of a potential renaissance for the big industrials, the drug companies, the packaged goods place, technology, enterprises that do so much business in

europe. who benefits the most, but did the work this afternoon? let's go over the potential winners, now that the fed is out of the way for the time being. first, i like the technology companies that have huge exposure to europe. last night, oracle reported an extraordinarily good quarter. why didn't anyone talk about this today? this was a remarkable quarter. great conference call, by the way. blooming cloud business, took lots of analysts by surprise. still too many people who have it as an underperform. because they didn't realize how strong the company's cloud division had become and how fast it's growing. oracle's got a monster amount of business in europe. i think the switch you'll see in earnings by the second half of this year will blow your socks off and you're going to want to own the stock of oracle, which, frankly, is way too cheap versus all this gathering momentum. now, i recognize that oracle's conference call was filled with discussion of the slaughter of its competitors, notably salesforce.com, mentioned a half

dozen time, workday almost the same amount. but you know what, i'm starting to think this tectonic shift is going from the cloud away from on-premise servers. it's so huge, it's so amazing, that i think there's room for everyone. i like all the cloud stocks, with oracle being the cheapest, workday the most expensive, salesforce.com somewhere in between. speaking of tech stocks that could be big winners off the plummeting dollar, i think microsoft, which has a very strong business right now, and alphabet, formerly known as google, will start having some incredibly easy comparisons and both are set up to have colossal second halves. alphabet, again, you know it as g-o-o-g-l-e, gets more than half of its business from overseas. it has zero chinese exposure. so a lot of it's against the euro. i think the company's numbers could be much better than expected if the dollar has peaked against the euro, which seems to be the case. alphabet's an amazingly cheap stock given its growth rate. i think it's absolutely worth

buying tomorrow. let me go out on a limb for a second. the major company that's had the most difficult foreign currency swing in our country is ibm. now, i think the ibm turn is, indeed, slow in coming, but it is coming. and with the stock trading at ten times earnings, with a 3.6% yield, ibm could go a lot higher in a potential weaker dollar scenario. if the company keeps growing as cloud and analytics business, i think you could have a real second-half winner for this beaten down entity. i know honeywell has had a big run, but its european entity has worried me. you have to feel better about honeywell after the fed stayed its hand and the dollar l ccool. the packaged good stocks, my, are they going to be winners. the drug companies, huge winners. johnson and johnson's numbers have looked subpar of late, because of the currency translation issue, even though it has the fastest growth of any major pharmaceutical company. that 4x comparison can change with the dollar no longer

running hot if rate hikes are running cool. sure, j&j has a fast-growing asia business, but the 22% of its sales in europe could provide a nice second-half swing to the positive. the last time procter & gamble spoke on its conference call, we heard a multi-page lament about currency. pretty much dominated the call because the dollar is so strong. with 26% of its business located in europe, i think the narrative changes in a major way when proctor announces its next quarter. finally, biggest for last, apple. apple has 21% of its overall researches in sales. however, any close read of the apple conference call will show you that 21% of its sales have been hurt by the dollar strength. now that we're hearing apple might be doing better than expected this quarter, although supplier reported a disappointing quarter tonight and people will extrapolate that negatively to apple, you can see a chance for a heftier earnings

bump than expected when the company reports. that would be a major change in the apple story. tonight another international colossal company, fedex reported magnificent earnings report. it will even be better when we see the dollar seeking versus the europe, because they have such a big your pooern business. now, look, we know everything i've just said is conjecture. i'm basing this dollar call off the federal reserve's recognition that a moderate economy does not need hyper rate boosts. that said, watching this euro makes me think that the days of constant currency adjustments, where conference calls are all about apologies about the strong dollar, and foreign exchange-based excuses on so many conference calls clutter the whole narrative, i think it might be over, at least against a single unit currency. there are all nay sayers and doctrinaire types who think the fed is making a big mistake in not being more vigilant and not suggesting more rate hikes are needed now, no matter what. i find their illogic tiresome. i praise the fed for being measured and thoughtful.

here's the bottom line. the super freaking strong dollar may still exist some of the world's weaker nations. nothing i heard today makes me think about the mexican peso or the canadian dollar is about to bottom out. but when it comes to the euro, with the fed's newfound softer tone, the war against the dollar seems the to have ended and that is a very, very big deal. bob in washington, bob? >> caller: thank you for taking my call, mr. cramer. i love your show. >> of course. thank you, bob. >> caller: now that facebook has gone over $100, we have split down the road and will dividends be forth coming in the future? >> well, first, remember, a split is nothing more than taking a pencil and splitting it in two. you know, you've got two pieces. it doesn't add up to a longer pencil. we don't care about the split. i don't want a dividend from facebook. the opportunities there are so great, i want them to continue to plow the money in. that's what you really want out of a growth company. my charitable trust has a very

big position in facebook and we're not budging. how about ken in virginia, ken? >> caller: hi, jim. this is ken in virginia. the halliburton/baker hughes merger has had a lot of problems getting done, with the justice department and the european union, concerning anti-trust issues. that said, i would like to add to our position with halliburton, but i am cautious for a couple of o reasons. one, halliburton having to pay baker hughes $3.5 billion if the deal doesn't close. >> right. >> caller: and second, has halliburton already divested over $5 billion in good asset, trying to satisfy the anti-trust issues. my feeling is hold, but good companies in adverse markets can be great. >> i think it's an attractive opportunity, but it's frankly reason the why my charitable trust has been buying schlumberger, including today. i think you take advantage of the hobbled situation that's going on between the two of them. i don't want to worry about the u.s. government, i want to worry about earnings and schlumberger has them. haters gonna hate. there will always be critics against the fed, but today i found the fed measured and thoughtful. on "mad money" tonight, united continental ceo recently

returned to the helm of the company after receiving a heart attack and a heart transplant. how was he welcomed back in the activist battle? i'll tell you if a boardroom fight is just getting started. then i'm focusing on trump and trade, as he gets closer to clinching the gop presidential primary nomination, i'll tell you if his economic plan is viable. and chipotle forecasted its first-ever quarterly loss yesterday. as sales continue to slide, i'll tell you if it's worth sticking with the stock. so why don't you stick with -- on the 11th anniversary -- cramer! >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question, tweet cramer, #madtweets. send jim an e-mail to mad money@cnbc.com, or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.

welcome back, mr. munoz, two days ago, oscar munoz returned to work five months after suffering a heart attack and undergoing a full-on heart transplant. and how was his return celebrated? with an activist battle, that's how. good to have you back, chief! hope you're feeling better. enjoy the proxy fight. that's why on march 8th, a couple of days after we learned that munoz was coming back to work, a pair of activist investors, altimeter capital management and park capital management, who own 7.1% of continental universal, launched a proxy contest with the goal of electing six of their own board members. the launch of this proxy contest begs the question, do these activists have a point, or is this just unnecessary saber rattling by malcontents. first, let me just say, right or wrong, these activists could have waited a couple of weeks.

i think this is a new low. you don't time the announcement of your proxy fight with the news that your ceo is coming back to work after having suffered a heart transplant. i'm calling that bad form. but aside from the very poor timing here, what exactly did these activists have to say? altimeter and park believe that -- i'm going to quote here -- meaningful change to unit's existing board of directors is urgently required in order to reverse long-standing poor board governance and the resulting many years of substantial and inexcusable company underperformance relative to unite's competitors," end quote. so what argument do they have with the airline? one, the activists claim that united has a clear record of sustained and substantial underperformance, including the fact that it's been the worst-performing u.s. airline stock over the last five years. two, they charge that the existing board of directors is underqualified, ineffective, and entrenched.

the activists believe the board lacks the experience and expertise to hold management accountable and maximize shareholder value. they believe the board has failed to adequately align management's compensation with the performance of the stock. they say the board is too stale to effectively represent the shareholders. to paychemake matters worse, th think the board has entrenched itself by creating various mechanisms that penalize shareholders for trying to change the composition of the board. finally, third, altimeter and park say that united continental urgently needs a coarse correction. they feel their six board nominees are better suited to make that a reality. let's look at these. let's parse them. how do these charges really stack up when compared to reality? when i read through the letter from the activists, i found this whole situation, let's say, puzzling, to say the least, given that united continental has been one of the best-performing stocks in the entire market since the generational bottom in march of 2009. united continental stock is up

1,470% since then. that's one of the top 15 performers in the s&p 500 since that moment, leaving the rest of the airline industry in the dust. only delta even comes close, up 1,064% over the same period. now, it's true over just the past five years, united continental is up 152%. it's still pretty darned good return, but not as good as delta, jetblue, or southwest over that period. that means the activists are technically correct. it's the worst performer in the industry over the last five years. but to me, if we were talking about stocks, i wouldn't regard that as cherry picking. since united continental is test be performer over the last seven years. and it's been pretty consistently outperformed both the dow transports and the s&p 500 in every time frame longer than the past 12 months, where the whole industry has, indeed, struggled. and compared to the rest of the industry, over the last two years, united continental has been better than some and worse than others. so i'm not buying this first

charge of clear, sustained, substantial underperformance. how about the second accusation from altimeter and park, that the board is underqualified, ineffective, and overly entrenched. here, i point to the stock's pretty consistent outperformance versus the dow transports index. as for the company itself, recently, unite continental's performance has been pretty much in line with the rest of the industry. as for the argument that the board is too entrenched, i think united continental dispelled this very argument by ousting the old chairman and ceo jeff smisic just six months ago. and the day before these activists launched their proxy fight, united continental had just apointed three really highly qualified didn't if directors to the board. james kennedy, robert milton, the former chairman and ceo of ace aviation holdings, and the former ceo of air canada. talk about experience, and jim whitehurst, one of my favorite executives in the whole country. he's the current ceo of redhat,

frequent guest of "mad money," and he was formerly the well-respected chief operating officer and a whiz at delta. when you look at all 11 of the independent directors on the board, only four of them have been there for more than four years. i don't know about you, but that doesn't seem particularly entrenched to me. although the activists called these new appointmented, and i quote, and transparent and cynical attempt to maintain your official privileges and power. finally, there's the last complaint of the activists, that united urgently needs a course correction. to me, this is the most galling claim of all. perhaps the company needs a course correction like, say, a new ceo? remember oscar munoz -- he was only appointed last september! he is the course correction, for heaven's sake. granted, his heart attack, i'm putting that in the unforeseen circumstances category. but now that the guy is back on the job, shouldn't he at least be given a chaps to try to turn things around before you decide to start a proxy fight? now instead of devoting 100% of

his time to the company, he'll have to deal with this distraction. and i think oscar deserves a chance. during the period he served as first the cfo and then chief operating officer at cfx, the stock gave a magnificent 1660% return. i love oscar's work there, having closely followed the stock. have these hedge funds even done that level of homework? everyone who knows, knows he was integral to the big turn at csx, and what coup it was for this airline to nab him. and while we're on the subject, when you look at united's operational metrics, what you see is the company is basically in the middle of the road. they're doing better than american airlines, not quite as well as delta. currently negotiating with unions, over 80,000 employees. but just today, munoz held a labor summit. pretty clear he's making real progress, as long as the

activists don't upset the apple cart. let me give you the bottom line here. when you look at the facts, the claims of the activists of al timer and park capital management strike me as being a bit frivolous. united continental has been the best-performing airline since the generational bottom in 2009. lately, the company has already done much of what the activists seem to be clamoring for. clearly, united's board is trying to be responsive to shareholders, otherwise they wouldn't have brought oscar in to be the new ceo last september, just as he had a heart attack a month later. granted, we have had to wait for him to firmly take the reins, as he's had a heart transplant -- heart transplant -- but now that he's recovered, and i sure hope he has, i bet he can deliver. these activists call the board of directors cynical, but what could be more cynical than timing the launch of your proxy contest to coincide with the ceo's return to work after getting a heart transplant? i'm calling this the tin man slate. if they only had a heart, i could respect them and their timing. but clearly, they don't.

nick in florida, nick? >> caller: boo-yah, jim. steak and shake. they are outstanding and continue to. they have over 50 stores. they added chicken to the delicious menu, but the stock is down from 96 to the 30s. there goes a bright future, all because of same sales expectations. what can their ceo say? >> is that steak and shake or shake shack. >> it's shake shack. >> here's the problem. the average unit is valued at too high. it has to do with just arithmetic. the company would be much higher based on execution. but each stores' worth too much. and the market can't value that. doesn't know how to do it versus, say, mcdonald's, which is very expensive and going much higher. i say we go to sid in indiana. sid?! >> caller: jim, congratulations to you and your staff on 11 years. >> oh, my, the staff freshens me

up. >> caller: an outstanding program. you know, my wife and i saw the first show and we haven't missed very many since then. >> oh, thank you. thank you. that's fabulous. thank you. >> caller: looking at my "mad money" portfolio, from a diversification standpoint, i don't own any insurance stocks. and i was wondering what you thought of aig? >> no. you want to own chubb, okay? this is a combination of ace and chubb itself, and there's great value there. i also like travelers, but i think that chubb is the one that has the best, best momentum right now and really fabulous management. and by the way, i welcome mr. greenberg on the show, because chubb is a great story to tell. united continental is the best performing airline since the bottom in 2009. and i bet it can deliver continually, now that mr. munoz is back. as far as what the analysts had to say, frankly, i'm calling it

for volume. much more "mad money" ahead. tonight, i'm talking to a private player at the front of the action. how's he really doing? and back in january, chipotle predicted it was in for a rough year and its february sales, well, they've pretty much shown just that. but are people taking the wrong approach when it comes to the stock? and trump says we're getting ripped off, absolutely crushed and killed on trade. is he right? i'm going to give you my take, next. so stick with cramer.

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we are going to start winning again. this country is going to start winning again. we don't win anymore. we don't win in trade. we're going to win at trade. we're going to make our country rich again. we're going to make our country great again. >> i'll give donald trump this much. our country has been bested on almost every single trade deal going back to nafta. for years, now, when i get a chance to ask an official of either party to name one deal we've signed in the last decade that's given us a trade surplus, not a deficit, not one party functioner, from either party, has been able to come up with an answer. they all come back with the dogma of free trade, and then they try to embarrass me, as if i've never taken an economics class and don't know the first thing about how the world works.

for years, you couldn't be taken seriously if you questioned any of these trade deals. you would be dismissed as a foolish, unsophisticated protectionist, regardless of the actual facts. but now i'm seeing some of these same people who dismissed and insulted guys like me, starting to question the free trade orthodoxy that they've blathered on about for so long. so i have no beef with donald trump when he comes to what he said about these trade deals. our government has been horrendous at negotiating these things. and we've also been bamboozled into believing that what's good for big u.s.-based multi-national corporations is always good for you, it's always good for america. say what you want about trump, i agree with him totally about these trade deals. however, let's take it one step further. in his victory speech last night, besides bashing these truly idiotic trade deals, trump mentioned specific corporate incidents that he thinks are travesties and he says he'll change them if he becomes

president. now, look, i am really tired of all the horse race talk when i watch these presidential elect -- you know, whatever it is. the votes, the debates. i'm sick of it. i'm sick of hearing whether kasich can become an upcomer whether he won his home state. he's the governor, for hempb's sake. ted cruz can get enough delegates to force a brokered convention. can we for one moment go over what trump, the presumptive nominee is actually saying, actually saying about countries and the economy and what he'll do if he's elected, take him seriously. is that so hard to contemplate. so let's look over what he told us that the conventional media either didn't bother to listen to at all or maybe just doesn't understand. first, trump claims he's going to force apple to make its products, its cell phones here in america. >> but apple and all of these great companies will be making their product in the united states, not in china, vietnam,

and all -- >> honestly, i don't think anyone, including trump, knows how he's going to make apple do this. we don't have the workforce in this country to assemble all those phones, and most of the component makers reside in asia, not here. he'd have to let apple reprate rate its foreign dollars will almost no tax and demand the money be used to build factories. but he would still have to have apple train a workforce to meet the demand. maybe a cell phone class at trump university. i do like the idea that trump wants to solve the repeat ration tax issues, but it would be best to just let apple continue doing exactly what it's been doing, which is putting millions of people to work all over the place, including the united states, designing and creating and selling apps. that's that untold workforce that's so positive. plenty of people work for apple in this country. and that includes some manufacturing jobs. memo to donald. just go look at the brand-new headquarters of apple's building. it's being built. it is one of the largest ongoing construction jobs in the united states right now.

maybe if not the largest. you'd be proud, donald. it's on time and gorgeous and doesn't even need your name on it. given these statements, if trump wins, apple would be stupid to not move its headquarters to another country. i say apple's hiring policies are low on the list of this country's problems. second, trump talks about carrier. >> you know, our companies are leaving our country, rapidly. rapidly. whether it's carrier air-conditioning. >> earlier in february, united technologies notified union workers at a carrier heating ventilation and air-conditioning plant near indianapolis that their work is being shifted to monterrey, mexico. you may bemoan this, 2,000 people, and the video of the good-bye announcement that's been delivered on the factory floor that's on youtube that you can go watch is certainly very difficult to see. but i say welcome to the world of nafta. you can make heating ventilation and air-conditioning equipment so much cheaper in mexico, it really is quite a wonder anyone makes anything here.

great workforce, well trained, loyal, very low absenteeism, $5 an hour, very good health care paid for by the state. and there's a railroad line ready to take products north to markets in the united states, just as easily as any train coming out of indiana. honestly, this one's about free trade in a nutshell. if greg hayes, the excellent ceo of united technologies wants to beat his number and raise numbers and grow the companies, it makes much more sense for him to move that plant to mexico. and there's not much even a president could do about it. you would have to re-write nafta to stop that truly no-brainer decision. i would love to rewrite nafta, but i don't see congress going along with it and it's hard to imagine if mexico would cooperate. mexico is simply a fabulous place to do business. take it from me. i do business there. i'm raising numbers uniteded technologies ton that plant going to mexico. and if you go with trump's view, i say, welcome to france.

where it's almost impossible to lay people off and move them. pretty ironic, isn't it? french socialism meets american business practices. here's another one. back in may of 2012 when eaton bought cooper industries, it chose to move its headquarters from cleveland, just the headquarters, from cleveland to ireland in order to save $120 million in taxes. so when trump blasted eaton last night, it was easy to take a swipe at the company for doing so. >> i was in cleveland and eaton corp.,leaving, and so many companies are leaving, and frankly, i'm disgusted with it and i'm tired of seeing it. >> why i can't take how well that merger performed, i can't take issue with the decision to move the headquarters to ireland. because if our government was dumb enough to allow companies to change their domicile so easily in order to avoid taxes and not evade them, which is a federal crime, then eaton was right to do so. i blame all these tax inversion deals on the inability of republicans and democrats to

make common sense policies that would encourage american companies to keep their headquarters here, instead of moving overseas. particularly when they're international companies. sure, in this case, it's actually a mail drop. eaton is still very much a cleveland company. they're not shipping those jobs over to ireland. no jobs were lost in the movie, it's just tax revenue, despite trump's somehow undisputed claims, remember, the media cares about the horse race. that's all they really care about. but again, the fault is in washington, not with eaton. finally, trump has a beef with pfizer. >> pfizer, great company, pharmaceutical company, they're going to ireland and there's so many more. >> see, pfizer's merging with another company that has foreign headquarters in ireland, all allergan, and it's playing by the exact rules that are set up to avoid taxes for being shipped overseas. they always have to pay for taxes what they sell to the u.s., but this is a very tax-motivated deal. it's structure precise in the way the obama administration

establishes its safe harbor for inversions. if trump gets to be president, maybe he can have punitive treasury secretary carl icahn rewrite the irs rules to make it so the next company can't do what pfizer is doing, but it would impossible to undo the pfizer/allergan deal by the inauguration. by that time, the deal would have closed. i hope so, because allergan acts like death right now. so whether you love trump or hate him, it's clear that these companies he's attacking, apple, united technologies, eaton and pfizer would be unscathed in the trump presidency, unless real laws are changed and real trade deals are overturned. the fact is, with the possible exception of future tax inversions like the pfizer/allergan deal, nothing will change with a trump presidency, unless he updates the art of the deal to prove that he can buffalo everyone in the room, democrats and republicans alike. all of themso seem to share globalization love. these are all legislative decisions. not one is a presidential hand wave. and for the record, can you imagine trump allowing an

independent federal reserve? that would be a total departure from what you hear, right? it's just not something people ask him about. you just hope he wouldn't make fun of janet yellen, whom i admire and hope my daughters grow up to be like. here's the bottom line. can we forget the darned horse race stuff? spare me about how northern arizona might vote or how western north carolina seemed to like cruz over trump, and just listen to the man who is cleaning up in this process. trump does have real things to say. they may not be what you think, and they often seem like wishful thinking, but you do need to know his actual views. not just how he's doing coming around the far turn. after all, they could become the real agenda if trump wins in november. all right, much more "mad money" ahead. employment gains surged in february. i'm talking to a private player at the action in the front. and back in january, chipotle predicted it was in for a rough year and its february sales numbers have proven just that. but are people taking the wrong approach when it comes to the

stock? and happy 11th anniversary, cramerica. i got you something, a special version of the "lightning round."

sometimes, privately held companies have insights the

public ones just can't give you. that's why tonight we're going off the tape with job vip. that's the provider of recruiting services for thousands of businesses in 160 countries. job bite has developed a comprehensive and analytics driven computing platform that helps its clients quickly and efficiently hire the best applicants to save a lot of time. the company's main piece of software is an applicant-tracking system that helps everyone involved in the process collaborate on a single platform. and on average, it reduces the time it takes clients to fill vacant positions. with corporate customers looking to hire people all over the world, this company has its finger on the pulse of the labor market. let's take a closer look with dan finnegan, the ceo of j jobvite, who i last spoke to over a decade ago. so you've been around, i've been

around. you worked at hot jobs at one point. i want the evolution of how this process has gone to where you have nearly 50 million candidates in the 2015 old rolodex of what you do. >> what we got going in 2008, me and the founder of jobvite combined our efforts and two months after we started, lehman brothers closed. i thought, that wasn't a good idea. so after that, what we decided to do was to focus on creative aspects of the product. the thing we built was the ability for people to share jobs on their social networks. because everyone who hires knows that employee referrals are the best hire. they last longer, perform better, are happier. and in silicon valley, we started to get little start-ups who were getting funding. and it took off from there. >> it's interesting that you mention that. i wanted to ask you, a lot of the companies that you list are companies that are obviously, they're newer companies, and they must be competing against each other.

what do you do in that situation? >> well, that's the big driver. is that people who are trying to hire talented, educated, now increasingly younger millennial employees are having to compete in a battle. there's only 2.5% unemployment right now for people with a college education. so you have to have market, and by the way, these people change jobs, if you're in your young 20s, you're going to change jobs 15 to 20 times in your career. so that's every three to four years. so therefore, companies need to build a pipeline of talent. and not only get applicants, but get prospects who will later become applicants. >> okay, so the old days, you had a human resources department and post on jobs and a person comes in and you spend a huge amount of time ferreting out the people you don't really want. this does that ahead of time? >> if you're ahead of recruiting, you're really ahead of marketing. you've got to buy advertising and do it efficiently, but you also have to create your own audience. build your own content, your own

career website that helps millennials figure out, is this a company i want to work for? and then you've got to get the audience to share, like, and endorse you, just like if you own a restaurant, you want people to like you on yelp, you want people to like your company on glass door. >> i thought it was interesting, yelp was rating people who know people, but they don't really know how to do that. you guys have the analytics, right? isn't it the software that powers this thing and it's proprietary? >> well, everything's tracked, in your recruiting process, we track the conversion of what we call the hiring funnel from people looking at a job to getting hired. so we know how fast candidates go through your funnel, where the bottlenecks are, who gets hired, who does not get hired, and for the entire platform, that's data that becomes valuable for our customers. >> now, i wanted to ask you just some things. a lot of people hear about these unicorns, they haven't been able to become public. i managed some of their hiring has cooled off. what is the state of hiring right now for this 2.5%

unemployed, because it seems like it's -- i don't know how robust it is right now. >> year over year hiring is growing overall. >> okay, that's point number one, pretty well. for tech companies, there has been a slight decline year over year, since about september. >> so there really has been. >> there has been. a little bit, single digit. >> but i'm saying, the competition is not like it was for nfl franchise players. >> the competition is coming from what we traditionally would call non-tech companies. but i believe all tech -- all companies are becoming tech companies. and they're hiring of tech workers is going up, faster than tech companies. >> i see. but in general, when the fed didn't raise rates today or, you know, you see a moderate growth, you're not seeing something that's red hot. >> not rocket ship. >> there you go. i think this company's terrific. that's dan finnegan, the ceo of jobvite, a private company, $50 million people. this is the way people get hired now. i'm too old to know. "mad money" is back after the break.

it is time, it is time for the "lightning round" on cramer's "mad money." rapid-fire calls, don't know the name of the stocks or the callers. when i play this sound, then the "lightning round" is over. are you ready, skee-daddy?

time for the "lightning round" on cramer's "mad money." ladonna in california? >> caller: hi, jim. calling about tw pharmaceuticals. >> stock's up too much. i believe if they can get this epilepsy drug to also and for another version go for just pain killing, it will wipe out oxycodone and we have a buy. mark in indiana. mark? >> caller: i'm looking for some good dividend-paying stocks and what do you think of stag industrial? >> i have not looked at that single tenant industrial property. i do like that sector, but let me do more work before i just cuff it here. max in california, max? >> caller: hey, jim! first-time caller and a fan. jazz pharmaceutical. >> all right, we have decided to stay away from them. they're a really speculative stock, i cannot recommend them right now. i want to go to john in california. john? >> caller: hello? >> john? >> caller: hello? >> go ahead, john. you're on. >> caller: yeah, i'm from california and i would like to

know what your opinion is on sketchers. >> i think sketchers is going to be three or four down in the next quarter and start going up. in the long-term, you have to take a position and like it. let's go to patrick in pennsylvania. patrick? >> caller: hey, jim, patrick calling from philadelphia. >> nice. >> caller: my question is about a stock that's been all over the place recently, intrexon. what do you think? >> i regard it as one of the great specs of the year. many things that could happen. it could get crushed, but it also could be up big. you have to swing for the fences if you do intrexon. jim in minnesota. jim? >> caller: hello. quick question on kkr. >> well, they had to slash the dividend because they don't have any equity markets to be able to bring any out. i think these are smart guys. been a terrible stock. smart guys, though. rita in florida. rita? >> caller: hey, jim,. >> i happen to like the fundamentals. the chart is not ready yet. i think the fundamentals are ready. and i like ashland.

and that, ladies and gentlemen, is the conclusion of the "lightning round". >> the "lightning round" is sponsored by td ameritrade. ♪ he has a sharp wit. a winning smile. and no chance of getting an athletic scholarship. and that is why you invest. the best returns aren't just measured in dollars. td ameritrade. with extraordinary offersmance on the exhilarating is... the thrilling gs... and the powerful rc coupe.

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call or go online and switch to x1. only with xfinity. . when are people going to recognize that chipotle's different? that it's not going to lose customer loyalty over time and its problems are short-term in nature? sure, there are real issues here. chipotle looked like it was on the comeback trail with same-store sales from february, starting to improve from the

minus 30s in january, to the minus negative 20s, and it would have been in the low negative 20s if not for the lone closing of a store, because a few employees all from the same school got sick. the fact is, though, that the company's much-touted free burrito offer is working, with a 20 to 30% redemption rate for the coupons, according to management. that's extraordinary. chipotle issued 25 million coupons and 5.3 million people downloaded the offer. you've got until may 15th. the company has also encouraged some legal costs related to a federal government investigation, into the issues surrounding the original e. coli problem. altogether, chipotle's looking at a loss of $1 per share, far different than some who thought the company would actually be making money this quarter. and i don't know who the heck thought chipotle would be turning a profit with all this bad news. i also have no idea how someone thought they could return overnight, given the headlines from the e. coli outbreak in the west and the norovirus outbreak

in the east. and they're sending some of the ingredients to a central location and making sure e. coli is killed before sending the food to stores in a vacuum-packed container. it should have been taken as a given that the new system would be sky high. plus, the burrito giveaway alone cost about $60 million. but you know who still believes in chipotle? first management. including one of the best ceos in the world, who announced that the company purchased $70 million of stock since november, has another $250 million left in its authorization. and the other believers, the customers. i think the brand loyalty here is amazing. and they take the long-term view, the customers would rather risk short-term sickness versus long-term health, when it comes to junk food. we may be short-term on wall street, but customers are clearly long-term in their approach to this fabulous company. they believe. plus, history's on chipotle's side. in 2006, 71 people in five states got e. coli poisoning from eating at taco bell.

while same-store sales fell nowhere near what chipotle's did, the numbers started turning up less a than a year later. 26 years ago, people contracted e. coli from jack in the box. amazingly, jack came back and it's alive and well, even as the company reported very disappointing sales in its latest quarter, despite the fact that its mexican brand, q doba, has hobbled chipotle. does that mean you need to buy chipotle right now, right here? i don't know. i think you don't get many chances to buy something this high quality at this much of a territory discount. now, there's no hurry. today chipotle bounced back almost too easily. but i want you to realize that all quick-serve companies are not created equally. this one is the most responsible on earth, perhaps barring shake shack. and if taco bell and jack in the box can come back from far more serious health incidents, i remain confident that when it comes to chipotle, this, too, shall pass. stick with cramer.

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