30 months. >> thursday night and cinco de mayo. giddyup, all-time high. >> very disturbing. very zurich. i'm melissa lee. thanks for watching. see you back here tomorrow at 5:00 for more my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull mark somewhere and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. my job is not just to entertain but to teach and educate. so call me. 1-80 1-800-cnbc. if it happens on a day when oil can't hold and the dollar gets

stronger, the market couldn't care less about the results. that's what happened when the dollar rallied yet again and the dollar started off strong. then gave up most of the gains. it reversed hard in the afternoon. down to just 9 points. nasdaq declining .18%. sell, sell, sell. i know that these two trends shouldn't be so powerful. oil, dollar, oil, dollar. this morning about an hour and a half after i woke up. i read a tweet asking people what they think is the main driver of the market. they do a terrific poll each morning. it is part of the worldwide exchange and i love it. i plug in these. sarah read them on air and her co-anchor took issue with my focus and said the fed had to be in the mix right up top. i came back and tweeted.

i am not dismissing the fed. just no fed index available each hour to trade-off of. tomorrow we get the labor department's nonfarm pay roll number and that's the one the fed takes its cue from. this is so important that i think it can transcend it with the dollar. before i might get into what could happen tomorrow, let's talk about today. . much reason decline has been driven by questions about demand. it is become almost several fulfilling. when oil rallies we assume it is doing better. a raging wildfire near the big canadian oil projects as well as libya that could putt back production. trust me. if you're a bull hoping for

higher oil because it leads the stockton higher, you want it to come from the demand side. not the supply side. because the supply side will be temporary. canada will come back online. libya is libya. tomorrow is the real deal. if the economy doesn't grow as robustly, it will unleash a parade of horribles -- went into our stock market. first a bad jobs number means oil will likely go down. sell, sell, sell. and the oil going down, we know what that means. second we hear there is no real growth and there is nothing the fed can do about it. they did the wrong thing, raising in december. we've only just begun to recover from the mini credit crisis that ensued. third, if you listened to donald trump this morning on cnbc, you

know he'll be on the stump talking about how anemic job growth is. the only way to stop that is to make it so they don't take our jobs away. the same for bernie sanders. who refuses to admit he's lost. here's what will come out of both their mics. relentlessly taking jobs offshore. donald knows the youtube clip of the exec telling workers their jobs are going to mexico. trump just won the state of indiana. at the same time he'll no doubt direct his attack on apple. now it's all changed. his statements could have actual impact. meanwhile the democratic side by staying in the race. bernie sanders who does incorporate america has hillary in check without saying anything

about business. the bank stocks which have been telegraphing the scenario will break down the levels where they were trading before the last quarterly reports. we were worried about bad oil loans. we had only just come to expect that with things improving in the country. we would probably get a rate hike in june. the bank stocks would be high. you can always tell when the market is sensing we could be heading into a deflationary slowdown scare when you see the bank stocks go down but the insurance stocks go higher. gigantic stocks, i love that company. traveller and allstate. you pay them to insure things that will be losing. the retailers could get clubbed again. i say again because we saw some true destruction of retail value that took my breath away. none other than l brands. the purveyor of victoria's secret. gave you preliminary guidance

that showed a dramatic, not a small but a drama decline in revenues. including a 1% drop in victoria secret's hither to immune from weakness store sales. no wonder the stock plunged 9%. the amazing thing is that it is a checks of brands that we thought were immune to amazon. unlike so many retailers we followed. we should have realize that had no one is immune to declines in mall traffic. traffic. traffic is down big. and do you know what that means? poor for gap, urban outfitters, american outfitter, that's not what the bull market wants to see. what is crushing these retailers? simple. your phone is now your mall. the the slower number will continue the rotation out of the

cyclicals. company like kraft heinz. they reported a 1% sales growth number. 1%. yet it vaulted nearly 3 points higher because of raw ingredient deflation as well as the dollar. that group is one of two bull markets going on. remember it is rolling bull markets. witness discovery joining time warner and cbs with terrific numbers today. disney be too far behind when it reports next week? i don't think so. finally the bad jobs number. it means tech will take it on the chin again. the bad days breed a reload of sale these years. that means like i tweeted this morning. tech, marchly apple could get slammed again. it has been down eight of the last nine days. this time with s.a.p. that will bring about even more revenue. instead of eviscerating them

itself which is what i think it can do. all that says it is negative. sure, it is a sub optimal moment. we're getting oversold and the mini bull markets. the bottom line is without some growth, you'll get this contraction with money pouring into the company that don't need a strong economy to thrive. the bulls need it just strong enough to think there will be some growth in this economy. but weak enough that the fed heads won't be enough to scream our network. for instant rate hikes. that this market cannot handle. the amazing thing, we may get that perfect number. let's to go joe in florida. >> caller: thank you for taking my call. >> quite well. >> caller: my question two part. with the recent downturn in the solar energy stocks and the reason management changes for solar, are you still strong on first solar and do you consider

it a sell, hold or buy? >> it has rocked me what's been going on. i remain steadfast that first solar is the strongest in the group. the group has gotten very, very weak. first solar is the best. i haven't liked solar city and so far that's been the right call. how about buddy? >> caller: boo-ya. how is it going? >> real good. how about you? ? >> caller: my question is about gm. general motors. the stock has a 4.6 multiple. and 5% the, the company, the second or third biggest automaker in the world and great presence this china. especially with the buick. about 50% year over year there. my question is is there a good reason gm is so cheap? and should i buy now? >> well, doug who writes with me on real money pro at the street says we're at peak autos. a lot of people are starting to buy. i think it yields 5%, it will be

fine. that said i recognize that it has the worst chart in the book. that's what i've been hearing. oh, boy. this one can't catch a break and that's why. how about carlos in illinois? >> hi, jim. thank you for taking my call. >> you're quite welcome. >> caller: my question would be rand gold. bought it at 98 this.18. i don't know if it is the dollar is strengthening orange. i don't know if this should be a hold? >> i was disappointed in the growth them did not have the growth. why? it was tempting. you have to get dr. mark bristol on. the stock is getting crushed. it was an issue of getting the gold out of the ground. the costs were okay but they did not meet the production numbers. we have to find out. it has been the best. let's go to paul. >> caller: first time, long

time. >> okay. >> caller: stock symbol s.o.n. >> there is been an anonymous the price. i don't know. they've done some really good reporting for real money. it makes me think it is kind of interesting. that's bill miller's idea. remember? apparently no one is doing well against the zika virus. i believe we'll talk more about it as people get out of winter and want to go to the caribbean. tomorrow, we just need that right amount of growth. not too hot. not too cool. strong enough to think we're still moving forward but weak enough that the fedheads will start screaming for rate hikes. we may just get. if it is weak, look out below. on "mad money," i'm taking on

test la, apple and fit bit. did you know last year corona sold 145 million extra bottles leading up to cinco de mayo? and there is serious cash being spent in the animal kingdom. i'm sitting down with a ceo to see if you can keep your portfolio out of the dog house. stick with cramer. >> announcer: don't miss a second of "mad money." follow @jim cramer. or give us a money at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.

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some guys can get away with financial murder. other guys can't get away with anything. and still other guys think they can forecast wild changes every three months and somehow still

retain an announce or a shred of credibility. they most certainly can't. welcome to the world of tesla, apple and fitbit. where ely musk can say whatever he wants and get away with it. tim cook has to watch every last word even though he has repeatedly delivered the goods and james parks seems to think it is for idiots who follow the company. during any given earnings season, we have executives that do things that are truly outrageous. we've never seen the likes of elon musk in our lives. picking number that suit him and he is not the least bit concerned about the consequence of being wrong. tesla is losing about 19,059 a car. a new record high, thank you for that calculation. second, despite failing to even make the number of cars that he promised for the quarter, 17,000, well below the 19,000

and change that was expected, he is now announcing that they make 500,000 cars by 2018 and a million by 2020. his transparency is shameless. while he boasts the seemingly impossible, i use the word seemingly because otherwise i would be calling him a liar and i think he believes his own numbers. he uses the forecasts to raise money from wall street and to get people to send tesla money as deposits for new cars. you can't make it up. whoever but musk would say in a conference call, if you place your order now, there is a high probability you'll actually receive your car in 2018. he's using the darn projection to sell cars. and then he uses it to give tesla a chance to, and i quote, some combination of equity and debt to make sure there is a good buffer of equity on hand. that way he says he is derisking the company of i think he should raise all the money he can to make sure donald trump doesn't get into the white house.

without government subsidies for electric cars, tesla is a goner. yet the most amazing thing is that he completely gets away with it. why, you ask? because he actually does have command. elon musk can do or say anything he wants because he has demonstrable demand for his product. it is a fraction of the real demand. i'm surprised he doesn't offer an express fee so you can pay for the whole thing first to get to the front of the line. then there is apple and tim cook. i defy you to, it was right in line. as for apple's guidance. what was cook supposed to do? make up a forecast that showed better number than he can deliver? given what apple has in the i'm that line, cook had to do what

he had to do. he had to reset expectations for the colonel quarter. he was not going to give them what they wanted. a pre packaged obituary for the iphone. somehow the so-called analyst community was disappointed. well, excuse tim cook for believing in himself. i think earning $10 billion in a quarter gives you some justifiable confidence. how about fit bit? what can i say? james park should be banned for making any projections about his company. his stock would be a heck of a lot higher. the quarter was actually used. it was much better than expected. the devices are truly loved. the guidance was inexplicable. park slashed the projections dramatically and then beat the numbers last night. he cut his earnings forecast from 23 cent down to 0 to 2 cents range. so the 10 cents was delicious.

in reality, i think these numbers mean nothing to him. he cut the guidance for next quarter but then boosted the full year forecast? my 55, just make the product. then shut up. fit bit would be going higher, not lower, if he had gone with my game plan. maybe he can't help himself. with the bottom line here though, when you have too much demand you can say anything. when you don't have enough demand, it doesn't matter what you say. if you can't meet supply, stop talking, will you? much more "mad money" ahead. including my take on consolation. cinco de mayo to see if you can get the party going. looking for pure great profits? after last night, i will see if his bark is as big as his profit

or bite.

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in honor of cinco de mayo, when i leave here, i'm going to host bar san miguel in brooklyn where i'll be pouring beer, margis, while we're on the sun of alcohol, i think this might be the perfect time to rewrite the beer comedies. given that we've heard from all the major players in the industry. and there is a shake-up here. with anheuser-busch, the $107 billion, coming closer and closer to fruition the competitive handle scape in the beer business is about to change dramatically. so are stock picks. so regardless of what your drink celebration is, except maybe guinness, we need to ask

ourselves which of the brewers best positioned to take advantage of the new environment. for ages i've said if you want to own a beer stock, your best chance is constellation brands. those happen to be the three biggest sellers. those three. any way, a solid wine business. among others not to mention a strong liquor division. my best selling tequila. and constellation has been an incredible performer. the stock is up 37% over the last 12 months and nearly doubled the last two years. ever since we first started hearing speculation about ab, that symbol bud, taking over sap miller, i told you that mole son would be the best with a to play

the. it would force them to allow them to merge and tap was the natural, the only natural because it is so big. they have ajoin venl you are. miller coors. tap already owns 42% to talk about the synergy and they're in the process of buying the remaining 58% for just $12 billion. that is a bargain basement price, people. that they only get because the regulators are forcing them to sell. i started recommending the miller coors. stocks up 40%. in short, constellation brands and coors have been killing it. we never want to get complacent. this is probably the best day of the year for the company. but constellation doesn't need cinco de mayo to move its

merchandise. it is a little more than a buck off. but it is almost always a buck from its all time highs, they deliver a higher than sales. up 14% year over year. even berp, the company's earnings forecast was substantially higher than what the analysts were looking for. even though they had already raised number. now constellation has made significant number. they are takeover artists. they were being bought by ab. most recently they purchased prisoner wine company. i had not heard, i did the work. it is a very fast seller. actually five fast scoring

brands. that's on top of what they bought last year. a deal already faster than expected. and moving into the craft beer chase. that was roughly $1 billion. they talked about selling off the canadian wine unit whi. i happen to like coors light if i can't get corona light. that is my pre dial ex. in case you want to buy me a beer sometime. nobody buys me a beer. coors had a blowout last tuesday. attempt delivered an 11 cents earnings beat. higher than expected. even though it increased by only

1.25%. the cost of goods sold per barrel declined by 5% thanks to cheaper raw costs. and meant an amazing year. did you know they owned blue moon? of course the real story with molson coors is that they'll be taking join control of the vent you are. tap has shown they can cut up with the best of them. it is transformational. more on that ahead. what that oth, every time it lo like the merger would go through smoothly, would it rally. at this point most of the road blocks have been cleared. as rets vested. and hens the stocks terrific from february through late

april. that's why bud barely got dinged. down less than $2. it was a substantial top and bottom right. it has a conof exposure. brazil was down 10%. the one bright spot? mexico! get this. this is why i wanted to do this piece. it was up 22% for them. boy, does that bode well. all anyone cares about is that the sap deal goes through which is why it didn't seem to matter. amazing. here's a tough one. boston beer. they just keep getting crushed.

this seemingly sell-off makes sense. get this. two years ago in the most recent quarter they post a decline. it came in at 48 falling margins. they stlashd forecast. the reason? you and i both know. boston beer has been swamped by the rising tide of competition in the craft beer space. something younger people might find unbelievable. an ipo? ipo beer? ipa. ipo, ipa. i'm older. there is more ipas than ipos. i have to tell you.

when you look at how similar it is, it's nuts. not much more expensive than molson coors at 18. they sell for 21 time earnings. far worse than anyone el in the industries. because it is not, you have to stick with constellation brands. i think moleson comes in second. but has too much noise. and boston beer, just plain ugly. let's take some calls. let's go to glendening a in south carolina. >> caller: hi, jim. good to talk to you. my call is with regard to jack in the box. i'm wondering.

>> i see it wasn't so good. jack in the box is up against that guy steve easterbrook. he is superman. steve superman easter brooke. it i like them. they're not going to continue it off. chipotle. do you think there they pick up any business? ann marie in new york. >> caller: thanks for taking my call. why is a company like the group also in the real estate business and how does that affect the price of the stock? >> well, they're in it because it is income pre hencible and dumb. honestly. they should split that company up. everybody has a reason they can be in two different businesses. they can say, listen. jim, you're in the bar san

miguel business and the tv business. but they're separate businesses. i think that business would be, if it wasn't in it. >> hi, chad. >> caller: a big time boo-ya to you from south bend, indiana. >> we're trying to get there. just a lot baine right. i like to thank you for all the money you've help me and my family make over the last five years. my question about american airlines. i got in at 46. it is create inging a nosedive. are we close to a bottom on aal in. >> i have to tell you the estimates are too high for aal. i think a lot of people feel there will be real competition.

the stock is too cheap. they're generating a huge am of cash. do not sell aal. all right. pour me something tall and strong. with number like these, grab yufl a cold one. thou i love the new dog did items. they can stop dogs from itching. we'll play am i diversified? and don't forget, a special cinco de mayo lightning round edition. if you just stick with us. and stick with corona. and cramer.

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yesterday we got hit with a lot of negativity. as i told you last night that creates opportunities. like were a high quality company reports a spectacular quarter on a bad day. and of course, nobody seem to notice. i'm talking about zts. the world's largest animal health company that makes all sorts of animals and vaccines for livestock, pigs, cattle, poultry and pets, like cats and dogs. things one of the fastest category in the drug business because people are willing to put out large amounts of money to keep their pets healthy including yours truly. a 17% increase last year. and up 5% year over year.

so they were able to grow the earnings. plus, management raised the earnings guidance. a top and bottom beat. they have declined more than a buck yesterday. part of that decline was because the stock was in the quarter. the benefits from a weaker dollar. the greenback has been strong. some of it was mindless s&p 500 selling. that's why it came roaring back. can zoetis keep climbing? this is the ceo of zoetis. good to see you. you're going to make my job very easy on this call. the laugh few years, you had swine, chickens.

this year is the year of the n dog. >> the first thing is we have now a product that we launched last year that will be available to all customers without restriction. which is very good news. >> you have to tell people. that's why we have to worry about our pets. they're always itching. >> now it is a product available and customers can get this. the second. the we just introduced it in europe and the u.s. and this probably is coming with a very strong, supporting our promotion very fast. in terms of action. and very important. it is not dropping action. >> so i give my dog, i've got two dogs and they're always running around and getting ticks on they will. they roll around and they get

ticks. i put this in their food? >> no. chewable tablets. >> they won't eat it if i give it to them. you have to fool them. >> one per month. and it is a great product. also, chewable is more environmental friendly. until now, more pet owners were using the topical. you touch it, and it is something that is not any longer an issue. you will take a pill. or the dogs take a pill and they are protected. >> one of them, it was limited in supply. can i get it? >> well, now it is available. >> it is available. >> and any customer that wants to -- >> so i don't hate my dog anymore when it itches. that's how you stop them. i give them this. i didn't mean to say. this you know what it's like. if you own a dog and the dog is itching -- now you give it this

drug. >> it is working very well. it is very safe. >> how did you come up with that? that's the holy grail of dog medicine. that's what we all get upset about. >> we are bringing it to the market. there are multiple examples. and this came out of our. >> team that created this excellent -- >> now, i was doing some work because i'm very concerned about the zika virus. it has not affected livestock to date. you're working on all sorts of diseases. mosquito-borne diseases. the company that i deal with are not coming up with anything for zika. >> so the zika virus not is affecting the livestock so it is not something that is part of our products. but definitely, we have problems which are eliminating --

>> that's what i was thinking. >> this is not affecting. >> but you're very good at killing nicks are parasites. china, new lines of business there. they apparently love what you're doing. >> yeah. we have a very good presence in china. >> we are combining a new product for pigs. a great product that's coming out of china. >> i have to ask but the hedge fund manager. he is all over talking about herbal life. it looks like they had a good quarter. it seems like he is really happy with zoetis. the board member doesn't have to stand for elections. he is happy with you. >> i think what is good is that

our shareholders are ready. we had bill, very strong i have the coaches. they decided the work is done and it is probably good that they focus on some of the activities. but they are the share holders. up the big five, you can't trust them. the ant-trust department. we face the challenge of ant-trust. and we had last year the division of pharma. our interest in aquatics health. and we'll be assessing it. there will be other companies

that will be in there. >> i didn't mean to say i hit the dog i didn't have your medicine. i'm going to get that. they know it's there. and none of that elizabethan collar that drives you cdc. >> such a good stock. and that you know companion animals, we spend more on them. well, we spend everything we need on companion animals.

it is time! lightning round! and are you ready, skee-daddy? we'll start with matthew. matthew! >> caller: hey, jim. glad to be on the show. >> thank you. >> caller: i wanted to know your opinion. >> i'm kind of bummed. 50 million shares by a shareholder. not what you want to see. the stock will get hit on that. let's go to pete in new york.

>> caller: jim, you're the watchman of the financial community. >> thank you. >> caller: i would like your thought on enterprise product partners. >> let's see. steven king or bob dillon. here's the problem. it is in a bad group but it is the best of the bad group. and those stocks aren't making a comeback but i am not anxious to put people in. chris? they're just getting killed. united. people are very concerned that there is a price war gl other. southwest is the way to go. let's go to sean. >> caller: i got a big boo-ya for you. a young investor the last three years. i need your insight. >> they took my reason away so i won't recommend the stock.

let's to go jacob in california. >> caller: how are you? >> good. thank you. thank you for all you're dog, looking at the price to earnings ratio. pulled the trigger. if you can get around three. if one. hi, joan in illinois. >> caller: thank you for tag my call. >> i like alcoa. there down to a level that i think is pretty good to buy. arnie! >> caller: okay. i had a question on cvr

rethenning. there anyone. >> caller: hi, this is ann from surf city, new jersey. i am calling you about vonnage. >> vonnage the dog. don't buy. how about verizon? and that's the conclusion of the lightning round! random? no. it's all about understanding patterns. like the mail guy at 3:12pm every day or jerry getting dumped every third tuesday. jerry: every third tuesday. we have pattern recognition technology on any chart plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. td ameritrade.

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happy cinco de mayo, cramerica. you heard me talk about brands. it is what you only get when you're a couple deep. that sort of behavior is incredibly risky. we diversify ourselves into not just different company but different sectors to protect our portfolio the best we can. that's why we play this game called i am a diversified. call me and i'll tell you whether you're diversified enough. so let's get this started with a tweet. we have at the glow stick man. who says, i am a diversified? i want to double my assets in five years. great. and what has he got?

under armor, bank of america, box, holly frontier, fit bit, shake n bake. jimmy. all right. glow stick man. glow stick man. you ought to get a diversified name, partner. under armor, clothing. box is technology. fit, we'll call it health and wellness. we have a bit of a problem. i've often considered fit bit and underarmor -- this is a refiner. a bank. tech. health and wellness and apparel. under armor could be fit bit. >> i'm going to address that. and i like fit bit. you took a couple hits. let's to go jake in new york. >> caller: boop ya! i want to ask you about pfizer and colgate. let me hear it. >> all right.

let's to go work. all right. coke cold, a beverage. microsoft, tech. private equity. pfizer, pharmaceutical and colgate polymolive which is consumers goods. we have soda. we have beverage. tech. private equity, drug and consumer products. that works. jake, you're in good shape. i wouldn't touch a thing. you're in california. all right. how about cvs, simix, chevron, berkshire bees and at&t. >> the abcs covered there. an alphabetical portfolio. all right. we don't blank the number is but i thought that the article said pout a good show this weekend. cvs has been nonstop up.

one of the few that's been good. at&t, chevron, diversified conglomerate and pharmaceutical. that's perfection.

maybe tonight i'll learn to poor a beer without too much foam. jack dorsey, pick one of these companies, right? either twitter or square. i have to tell you. when i see some of this action in herbal life, it makes me feel there will be a short squeeze there. herbal life with a decent quarter. michael johnson looks like he got it right. there is always a bull market somewhere. i am jim cramer and i will see you tomorrow! something you lov,

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