two times. >> you know what held the other day? starbucks. 54.5. lousy report. good price action. there you go. >> i will see you thursday and >> good. >> i am brian sullivan. this is my umbrella. fast money. my mission is simple, to make you money. i am here to level the playing field for all investors, there is always a work in summer and i am promising to help you find it. mad money starts right now. >> hey, i am cramer. welcome to mad money. welcome to cramerica. i am trying to make you money. my job is not to just do that but to educate and teach. people have a verizon purchasing yahoo's internet business all wrong. the dow sinking 78 points,

nasdaq tipping .05%. at one point they were all down much more than that. it is more important to focus on what this deal is all about and not what it looks like on the surface. yahoo is a once great company eviscerated by its competitors by being run into the ground by ceo marissa. yahoo went up against facebook and alphabet. two companies with superior fire power. >> she certainly made money for shareholders by holding on to the company steaks in alibaba in japan. hey, it could have been a lot worse. when you look at the numbers, yahoo is up roughly 150% since

mayer took over four years ago. doesn't that matter? that is not a horrible track record. the main story is what verizon had to do. the move it had to make in order to cell more cell phone subscriptions. i have felt this way since the ceo of verizon told us on mad money he might want to buy yahoo back in february. >> why not add yahoo? it doesn't cost much. >> at the right price i think some of their assets under aol would be a good thing for investors. >> he gave me the strategic game plan and executed on it. verizon needs yahoo more than any other countmpany in the country.

at&t, t-mobile and after today, sprint. they offered subscribers more than a great wireless network. we don't have the latest numbers but verizon is top dog with 140 million subscribers followed by at&t and t-mobile and sprint not far behind. verizon can't foosafford to be d to what is happening. sprint reported a spectacular quarter. the highest subscriber additions up 180,000s, the best number in the last nine years. 1.39%, people are not leaving. cash flow grew by 2.7 billion. balance sheets being shored up by $11 billion in cash. now just success. no wonder the stock rocketed 27% higher. it deserved to. there was a sense that sprint

was up for grabs. that is not the case anymore. i have been skeptical of the ce o's business and plans for turning around what i thought was a sinking ship. these numbers are incredible. just incredible. i am now a believer. apparently that matters. listen to what he had to say this morning on squak on the streets. >> he has been a non-believer. the biggest accomplishment of the quarter is to get jim cramer impressed about sprint. >> i am a believer. numbers were amazing. t-mobile has been doing incredibly well in part because of the none stop promotion of the ceo john ledger. at&t bought directv and that move is paying off with the

always reliable sunday ticket which i can't live without. verizon needs to spend huge advertising dollars to maintain it. that's one way to do it. right now the wireless providers can make fortunes from sites like facebook, instagram and youtube. you don't need anything more than that. consumers will pay an arm and leg for the data plans. what if verizon can offer something else and something special and might make you want to cancel your contract with a competitor and switch over to verizon. that is the real question here. not whether marissa mayer stays or goes or whether she has done a good or bad job managing yahoo. tim armstrong was dmekept in che of the business. they can merge armstrong's aol platform with yahoo's users.

armstrong and mcadam see things as they might be with the combined aol and yahoo possibly rivaling facebook for users. they knew ballmer missed social, mobile and cloud and he is bringing them out of the stone age fast. i believe tim armstrong will do the same for yahoo. i asked marissa mayer about the nfl, which yahoo already has a relationship with. the nfl will offer the international rights to the league soon and games will be played in london and china. with the aol/yahoo combination it could be worth a fortune to verizon. could you imagine a package you get signing up for a new wire little customer. how about if it is just the beginning. verizon is printing money with the business and social media. maybe they can become the de

facto digital newspaper magazine of the world. make it available ad-free to verizon users. twitter reports tomorrow. what if verizon rolls up this with aol and yahoo creating a platform that is interactive. don't you think adding twitter would give the verizon the edge they need? obviously the question on everyone's mind is did verizon overpay for yahoo given the lack of growth? i say no. i think if every one of yahoo's verticals can be revived easy. entertainment and finance, they were just left by constant management changes. a sense there was no fun there whatsoever. if internet adoption is in the early phases, it is not too late. put it another way. didn't you think pokemon was a thing of the past? we interviewed richard sherman,

he came out pushing pokemon. i thought that is yester year. i didn't think this year when i played it this weekend at the post office down the shore. i didn't think that when we had to charge up the phones because of the drain and the intense data usage. if you can revitalize pokemon, you can revitalize yahoo. it is a beginning of the new phase of part of the digital empire being built by verizon, creating something proprietor. >> how are you doing, jim? >> i am doing well. my call is about solar city. i am hoping that they merge but i am hearing negative and positive news. i would like to know what will

happen to my solarcity stock if they do merge? >> our experience on mad money is when we get a deal we take the profit. we had to do that. we have seen a lot of things, waiting around for the final closing and it looked like the door closed on us. take the money and cha-ching. doreen. >> i own stock in lockheed martin and just got a letter asking if i want to invest in leidos holdings. >> no. you just want to stay with the lockheed. stay along with lockheed martin. i happen to like the leidos. it is not a problem. but i want you to have as much lockheed martin as possible. peter in florida. peter. >> hello, mr. cramer.

how are you doing? >> good. how about you? >> good. i have a question for you about qualcomm. i know last year they had their problems with the chinese government, had to pay a billion dollar fine and reinstructed their processes. but i own quite a bit of qualcomm stock and the last couple of months it looks like they are on the upswing. >> i think your analysis is spot on. that was a very good quarter. i have been negative and that quarter turned me into a believer. a lot of irons on the fire. all right. they say when a door closes a window opens. start looking at the deal not as the end of yahoo but as the beginning of a new digital force led by verizon. the company whose brand -- what

can the ceo kimberly clark tell us about the economy and the health of the consumer and the republicans wrapped up their convention and democrats are kicking off things in philly. they may be ready to make a serious impact on your money. speaking of the election, want to get a way for a while? the play on vacation is up double digits in july alone. stay with cramer. >> don't miss a second of mad money.

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>> now we are getting to the reports coming at you so hard and fast that we need to be extra careful. this is the moment the market is constantly rushing to judgment.

let's bring in kimberly clark, the company responsibility for kleenex, big diaper business, huggies, depends, scott paper towels. feminine hygiene products. they reported what looked like a strong beat but the stock closed down more than $2. the company delivered a 5 cent earnings beat. that makes you think the focus on the personal care business is paying off as the company continues to expand into faster emerging markets. what spooked investors? kimberly clark cut the organic growth. that is what investors cared about. they have a history of selling off after solid earnings and bouncing right back. was the market's harsh verdict too harsh or correct?

the opportunity to buy, we have to find out. let's take a closer look with tom folk, the chairman. welcome back to mad money. >> how are you? >> i am good. i find myself in one of those situations i see 7% growth, i see 5% developing in emerging market and people are focused on the organic growth. can you put it in context that makes us realize what kimberly is doing over the long-term so people do not freak out as i see so often happening. >> we had a really solid quarter. volumes were up overall. that is the right metric to focus on. we are getting selling price in russia and brazil. that is why we take it to the bottom end of the three to five range. with that growth we expect to have a good, solid year.

>> one country is china, people are saying listen, huge swing is so bad. the other is brazil where you say the middle class consumer is not using as many diapers. flesh those out for people so that they understand -- >> the number two share in diapers. we have shares in the high teens. very competitive market. fast growing unit volume. everybody is in there competing. we had double digit volume growth and high single digit organic sales declines. that means a lot of coupons. china will be the biggest market in the world for a lot of things. we are making sure we invest in the right innovation and capability there and we are bullish on china in the long-term. brazil, the consumers are

getting poorer and have less money to spend and we have seen categories declining a bit, 3% to 4% lower category growth. so that's concerning. we had better top line this kwsht. we are double digit in personal care and strong growth in fem care. brazil will come out of it but it is going through a rough patch. >> back to china. the local outfit doing so well. are they the price cutter or proctor? who made it where people think you didn't make any money in china this quarter. >> any time you are in a competitive pricing situation you think the other guy started the fight. there are two big japanese players. they are the most aggressive.

we are in the middle to premium tiers. >> talk about e commerce for a second. what does it mean for you guys? >> e commerce, that is where the consumer wants to shop. in china in diapers, 40% of our sales are in e commerce in this quarter. in korea 70% of the diaper category is done online. in some of those markets where you have really dense population, low delivery cost, you are seeing high smartphone penetration and e-commerce take off. it may have a different end state than we are finding in other markets. >> i want to put things in context. you are buying back stock.

your plan to more gross margin. the number in north america is i think being completely ignored by the marketplace. are we putting too much emphasis on china? given the fact you have been so great in china you have to tough it out and understand this is the business you are in and you are going to have ups and downs. >> jim, i think you are right. 7% volume growth in north america is a big number in this environment. we are executing really, really well and that picked up the slack. that is the market of a great company and a great stock. they find a way to execute. >> this is latin america, we mentioned brazil. peso down. venezuela. you just couldn't be there. it is too awful. >> venezuela, you know, we have been there for a long time. we had 1,000 great employees trying to do the right thing but

we had not gotten any dollars since november. we were out of raw materials. one of those situations where you can't operate going forward. you know we wanted to make sure that we treated our employees fairly and then exited the market. you know, we hope to return some day. >> the last question, people don't understand how much invo va -- you have products coming out in the second have, where saturday innovation going to be coming from? >> we have more innovation in a number of markets with better performing products. fem care, good stuff coming there. >> sounds to me, the same steady

eddie and understand that people want to take profits. good to see you, sir. >> thanks, jim. >> china price war not what i wanted to see. but it is still one of the best companies out there and i think it will remain that way. mad money is back after the break. >> coming up, how will the election change the face of steel? can a new brand of protectionism bring profits back to one of the country's oldest industries? >> things are looking better to finally get something done on over capacity. >> cramer talks trade when mad money returns.

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railed against complacency. the market has had quite a run during that period. i think i have standing to say that i am starting to worry about things that others do not seem to be as concerned about. making me nervous as i watch the market take in not so hot facts today. first the s&p 500 selling at 20 times earnings which is expensive historically. if you get it against the bond market it might seem justified because you get more yield out of the average stock than from bonds. the way that i deal with the expensive market is to presume the earnings will come through better than expected and so far they have. beats being 6% better than what wall street was looking for. now we are in the thick of the soup. the s&p 500 companies are go to report over and over again. i am concerned there are misses as well as hits. honeywell, kimberly-clark

reporting at the end of the range. business and the stock market post-brexit have been strong, that might lead the federal reserve to have a big position ahead of the stock market ahead of that meeting? we sure don't want it. we have been telling subscribers to keep it back in the string. did it again today. i don't want to follow the leader. did you listen to donald trump this weekend? he is threatening to pull out of the world trade organization. did you hear about the repeal of nafta? >> it was bill clinton who signed nafta, one of the worst economic deals ever made by our country or frankly any other country. never, ever again. >> is trump trying to kill the

majority earnings of the steel industry and make it the estimates slashed for the earnings of american companies? if trump does what he says he is going to do? that is what you are going to get. trump is an outright protectionist. that is bad for business. he is railing about this plant being shut down so a new one can open up in mexico. that is one of the reasons that united technologies has been doing okay. don't get me wrong when democrats are problematic in a whole different way. have you heard the chatter about pharmaceutical price gouging needs to be stopped? it is a platform. it is right there. it's there. how about plans for tax on stock trade to punish high frequency traders. i don't want a transfer tax on stock trading. we have enough people exiting

the market as it is. this will be one more nail in the stock market's coffin. i am an equal opportunity critic. the democratic and republican platforms would make stocks stronger. i know many believe at least one of the platforms is right for the country but neither will be good for the stock market. they are, in a word, bad. and i don't think that you can be complacent about owning stocks because of them. the only bright spot here is the bottom line. if the result of the election in washington, neither platform can be enacted and for the stock market fortunately gridlock is the likely outcome. the prospect of a landslide is real enough that it is worth worrying about going into the election. brian in kentucky.

>> i want to know what you think about pfizer as a long-term investment for my ira? >> they have a good growth and good pipeline, 3% yield. i think this is the ideal retirement stock that i like to talk about on mad money. well done. rick in arizona. rick. >> hi, jim. jim, i am in a quandary regarding my holdings of smith and wesson, do i hold my personal target of $34 or pull the trigger selling now and reap 65%? >> this is a excellent company. i am not talking pro or anti- gun. they are very good at what they do and the stock has further to run. i would not ring the register.

sometimes it jumps. i think it is ahead of itself and i think they represent a good investment. >> booya mr. cramer. i am calling to discuss american airlines, this is one of the first stocks i bought in 2014 when i worked up the courage to invest in the stock market. they beat estimates and announced they brought back shares in the quarter and delayed receiving new aircraft until 2018. with the positive news from the earnings report should i increase my position in american airlines? >> when i heard that, they were go to delay. but they are smart. inexpensive stock. it is down a lot. circle back on smith and wesson. i am not talking about gun control or love of guns, i am

talking about a company and making judgment of the stock and i view the stock as undervalued. i don't have much good news when it comes to this election from a stock perspective. if you want higher stock prices, you have to hope for gridlock. aruba, thailand and australia. marriott's vacation stock is taking quite the trip and a double digit move in the past week i have the ceo. the car to the world over. you think it is hot on the east coast, you ain't seen nothing else. a red hot fast fire edition of the lightning round. stay with cramer. >> what's better than mad money? how about more mad money? follow mad money on facebook, twitter and instagram.

back in october we spoke to marriott vacations worldwide spun off by marriott international, the stock was slammed by 17%. at that time i said the stock can ultimately become a compelling value but wasn't sure we saw the lows. they saw the stock slide and since then came roaring back. solid quarter last thursday. marriott vacations raised the full year earnings per share entirely because they retired so many shares on the buyback and

added new sales incentive, 28% gain since we last spoke to the ceo and up 40% year to date. can it keep climbing? the president and ceo. welcome back to mad money. >> thank you for having me back. >> the last time we spoke there was a belief that somehow air b and b was going to out stock marriott vacations worldwide. we shouldn't be putting them in the mix. it has nothing to do with what you do. >> we would certainly agree with that. they have a place there in the business world and they are successful at what they do but they don't compete in our space with the type of customer we have and vacation offerings that people are looking for. >> you saw your stock was cheap,

said it on air and bought back a ton of it. you are committed to buying back stock with the excess cash. >> as we started buying back in 2013 we bought back 27% of our shares, a little over $600 million of the stock. couple that with the dividends we returned cash to shareholders in excess of $650 million since that time. >> one of the reasons you do that is you have bountiful cash flow. is that because you make a lot of money off of the interest when people buy time shares? >> we moved away from a more capital intensive model, essentially one of the knocks of the vacation ownership industry was facing like most real estate development firms, a lot out front before you get revenues to come in. partnering with third parties

who actually take the development of new properties on their balance sheets it is a better profile and investment on invested capital. >> another thing is getting a lot more clear to me. tour packages matter, how the business is doing intra quarter. looks like the sales center matter. washington, new york, san diego. these are the metrics we should be looking at. >> we think so. if you take the three sales centers you mentioned and in australia which we opened in april. and one in hawaii and miami, we think those sales centers alone once stabilized will generate $125 million of annual sales adding to the portfolio. every time we add a new resort

we add a new sales center and you get new revenues and customers. >> diamond resorts got a bid in excess of $100 billion. are you surprised at that lofty price? >> well, it is difficult for me to opine on whether or not the valuation that diamond got is the right one or not. we can simply suggest that we believe that the sector in general has been undervalued, and we believe that the share prices that have been on the vacation ownership stocks have been sufficiently depressed. we are happy since the earning release last thursday where the stock has gone up 15% since thursday. >> i know it was call to address, but the marriott starwood, it can't hurt you. i know starwood has a different organization when it comes to time shares. seems like you are saying

neutral or positive? >> i think that is the best way to characterize it, jim. we have an arrangement with marriott in our participation in the marriott rewards frequency program and it is my understanding the status signature experiences, the spin-off or the sales name has a similar relationship with the starwood organization and once that transaction closes we will see how things progress from them. but i believe there is plenty of opportunity for both parties to use it as a springboard for future growth. >> thank you for telling our viewers we think our stock is cheap after it got homered. you were in there buying which you said you would. good to see you sir. >> thanks, jim. great to be back. >> mad money is back after the break.

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it is time. then the lightning is over. are you ready? got it. time for the lightning round. let's start in new york. >> i wanted to get your opinion of taser international. taser is very, very good. a very undervalued company. i am surprised the stock is not higher. seth in florida. seth. >> yeah, jim.

let's get this money. so i am 22 years old, what do you think of it? >> people do not ask enough about gartner. it's got great growth. timothy in new jersey. timothy. >> jim, what's going on? >> not much. good weekend. did gardening. what's happening? >> i am not here to make friends i am here to make money. help me out with maxlinear. >> i think it is a really good stock. michael. >> hi. thank you for taking my call. >> of course. >> chesapeake energy. >> i am not a big fan. i do not care for the fossil fuels but i believe the stock can go higher. people believe that natural gas

has to go up in price. rocky. >> jim, the u.s. open of surfing guru from huntington beach, california. jim, with a $4 dividend does amgen have room to run? >> the out look, stocks are in good shape. barbara in illinois. >> chicago cubs. >> yeah. big changes. >> yeah. question about westar energy. >> sell. i feel strongly that is a better one. robert in nevada.

robert. >> booya from sin city. >> nice. >> wynn resorts, plans of changing the golf course into more hotel space and a lagoon. >> wynn is flying. they report this week. i am a believer of steve wynn. and that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade

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the u.s. government stopped a massive import of chinese steel because fuel makers have been overproducing and dumping their excess product on our shores. since then as high as 500%, stocks of american steelmakers have roared higher. that is why it is important to look at the new u.s. base steelmaker reporting last thursday, the first full quarter since the anti-dumping took effect. the company's revenue declined by 2.6% but management's commentary was positive, 2.8% solid yield at these levels and they got hit with the share

price falling $2 in the wake of the results but the stock had run up so dramatically. 55% from the january lows. analysts may have been too aggressive short-term but long-term they look low to me. now the chairman and ceo. welcome back to mad money. >> glad to be here, jim. >> looks like lower imports combined with taking marketshare created the very good performance. can that continue? >> it absolutely can continue, jim. the great performance that we had in the second quarter, which was basically our eps tripled over the first quarter. and we expect to see the same strength continuing into the third quarter. that was a result of many things. you mentioned a couple of those things. i would add it is a result of the strategy.

we are confident it will be able to continue. >> one of the things we had the privilege of is visiting your louisiana factory, a brand-new way to make steel in this country. it looks like one of the things that made you have a good quarter is the yield from that plant. can you fill in our viewers about how that plant ended up and how much it is making for you? >> well, we started as out you recall with that plant having issues on the production side with the equipment unrelated to the technology. all of that has been cleared up and i am pleased to say that both our louisiana plant and trinidad plant are performing at 100% with excellent quality and world class cost structures, i believe we are the lowest cost producer in the world today. the plants are working great. >> i noticed that you have a very interesting joint venture in mexico. a lot of people question why you are doing it in central highlands. that is where the cars are made.

i know the highest quality steel is used by the highest quality imports and that is where they are making them. >> no doubt about it. when you look at the auto market growth in mexico it has been phenomenal over the last five years and going forward, by the year 2020. 40% of all new vehicle launches will be made in mexico and our new plant will be in the middle of the new automotive equipment. we were able to partner with jfe steel in japan, the premier producer of automotive grade steals. partnering with them is a credit to our team and the steel we are producing and will produce for mexico. we are very excited about it.

the lightweighting of cars. there are things in cars that can never use aluminum, right? >> correct. i would respectfully argue with him saying that as we continue to advance high strength steals for applications in the automotive world. all of the factors that are involved, particularly the environmental concerns i am confident that there will be some products and some automobiles that tend to use aluminum they will not take a major part of our market. we are confident with our advancedsteels we will be able to supply the market for some time to come. >> i want to talk about china. it looks like with the levies it seems like it is a level playing

field. has the u.s. government done enough to make it you are on equal footing? >> the upgraded trade laws that we spoke about last year. we were saying whether or not we were go to wait to see whether they helped. they did. they are working. you look at imports into the united states today, first five months of 2016, down about 31% compared to the same period last year. that said, there is still a lot of work to be done. overcapacity remains a major challenge for our industry. but i will tell you, things are looking better in terms of the ability to work with the allies and united states government to get something done on overcapacity. today there is $700 million of excess steel practice, 400 million of the overcapacity resides in china. i am confident that working with the government and through the

industry we will begin to finally address it as we were able to successfully address the trade laws last year. >> i want to know, people always feel if you put tariffs on the consumers of steeler going to be upset. i am not hearing a peep out of anyone. is that because your steel is higher quality or not much of a chore for them? >> i think that there are several factors. i believe our customers understand that enforcing the trade laws results in a stronger potential growth for the country and individual companies. they want companies like nucor to be around well into the future and recognize that if we don't stand up to protect our trade laws today they might be in the same boat as we are in the primary products today. jim, when you look at the performance in the second quarter, what you see is nucor

doing what we always do. using our unrivaled position of strength to profitably grow earnings for our customers, shareholders and our teammates. that is something we will continue to do into the future. i am confident, jim, our best years are ahead of us. >> thank you very much. good to see you sir. thank you. >> thank you, jim. >> i am confident too. it was a really good yield.

>> biotech has been red hot lately. i have to tell you i expect that group to get a bit weaker. there is always a bull market somewhere. find it right here on mad money. i am jim cramer. i will see you tomorrow.

l-that was pretty good. -mike: [ laughs ].. lemonis: ...a custom drum company can't find the rhythm to meet supply and demand. mike: our turnaround time is six to seven months. -lemonis: six to seven months? -mike: yeah. that's created a backlog of unpaid bills and serious cash-flow problems. chris: we don't have enough money to cover payroll for next week. lemonis: i mean, you're kind of closed. chris: yeah. lemonis: the owner and his right-hand man are out of sync. louie: the lack of communication, i think, between chris and mike, it's like -- it's just...exactly. lemonis: and the two brothers who started this business have split up... scott: what did i ever do to you? mike: i really don't want to get into all that. lemonis: ...causing a whole nother layer of crippling issues. if they can't fix their process and their relationship... mike: fixing the business and this [bleep] is hard enough. lemonis: ...they'll be forced to close their doors forever.