risk/reward earning. >> thanks so much for watching see you tomorrow here at 5 for more "fast money." we'll leave you with the tone of the pneumatic drill. have a my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, 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 but to educate and teach. so call me at 1-800-743-cnbc or tweet me @jimcramer. some days are outliars. some days are confusing. other days signal potential trend changes.

s&p declining 0.08% and the nasdaq advancing 0.02%, we had them all. we need to do an autopsy to make sure we have the right cause of both the advances and the selloffs. so let's examine the cross currents. you know i've been saying that there will be some days where some republican leaders try to slow the trump agenda. take apart the tri-pod that this rally rests on, a speedy end to regulation, fast repatriation of foreign money and corporate tax reform. in the last 24 hours, the gop alliance trump needs to move fast on the tri-pod of reforms, the ones that have helped stocks immensely, is showing some signs of fracturing. first the heavy focus on repealing obamacare is shoving the tax reform out of the picture, scrapping the affordable care act could make the economy grow faster. not denying that. but it's not really part of the stock propulsion program. and, yes, i am being a little facetious, but this is "mad money." it's never going to be mad politics. second, the senate hearings

today about cyber espionage also showed that some senators are not afraid of defying trump. when you hold big haergz that seem to question the bona fides of what some are calling trump's real politic position on moscow, you now there are some like john mccain who want to show independence from the new president, the president-elect. trump isn't going to pick up any democratic help by calling minority leader chuck sumer the head clown of the senate. when ronald reagan wanted the other side of the aisle on board, that meant he wanted to share a beer with head democrat tip o'neill. get something done. reagan had a huge electoral mandate. trump won an incredibly close nail biter. chuck schumer could potentially be an ally on repatriation, so maybe calling him a clown isn't the most effective way to get things done. the result, if trump's own party is going to make trouble for that agenda, the one that brought us oh so close to dow 20,000, then we're going to have a downturn like today for any

company that, let's say is -- >> trump stock. >> -- a trump stock. third, i always tell you you have to take a cue from the bond market. bond yields went down today. interest rates down. this stock market rally has been helped immensely by a belief that the economy is actually getting stronger, a judgment backed up by the recent rise in interest rates. but we had a weaker than expected adp payroll number this morning, and that's causing people to wonder whether maybe there's a bit of a slowdown going on, something that's out of sync with what's supposed to be happening as companies anticipate trump's incredibly pro-business agenda. could there be a pause going here? could there be a pause before the growth starts? the bank stocks need interest rates higher. they've been leaders. when interest rates naturally fall as they did today, the banks get sold off. >> sell, sell, sell. >> they're a powerful component of the trump rally. you can't lose the banks and expect upward momentum. maybe this rebound in bond prices, which pushes these

yields lower, maybe it's an outlier. don't know yet. let's complicate things even more negatively. if trump loses key republican legislators and we have a slower economy, maybe that means less deregulation and less lending. that is suboptimal. plus this turned out to be -- how do i put it -- a bad trump tweet day. the president-elect blasted toyota for wanting to build a plant in baja, mexico, that could export cars to the u.s. trump tweeted that toyota is courting a border tax. that's not what you want to hear if your consteplation brands which imports beer from mexico. after reporting a fine quarter, the stock plummeted 11 points. i'll have to speak to mr. sands, ceo of constellation, later in the show. let's throw in a real round house. the collapse of earnings from brick and mortar retailers, macy's and kohl's, both of which just gave up the ghost and

revealed a shocking decline in sales. ma macy's stock dropped. kohl's cole, down 19%. when you include negative numbers -- victoria's secret down 4, there are only two conclusions. either the consumer has no appetite for spending at all or no appetite for traditional mall-based retailers. here's an amazing wrinkle that ties everything up. when the news about the downfall of macy's and kohl's came out, all retailers initially got crushed. but as the smoke cleared, we saw a grudging recognition that perhaps it's not the consumer that's taking a breather from spending. after all, just yesterday we had huge auto sales. that puts the lie to that thesis. it's just that the consumer has simply had it with the mall. so amazon, which was unsteady at the beginning of the day, started really galloping by 9:45 and ultimately closed up more than 23 bucks. >> hallelujah. >> now, i want you to think about something that mark z

zuckerberg has taught us. he emphasizes it again and again on the conference calls. he says that younger facebook users hate idol time. they like to do as many things as possible at once, yes, multi tasking. so now extrapolate. if these kids are shopping online instead of going to the mall, then they aren't just shopping. they're comparison shopping and reviewing on google as they check their facebook and instagram feeds or watch movies on netflix. in short, the add generation is fanging. it gets better. when the economy is slowing and it's not a trump day, you can go back to buying the stocks of companies that do well in a slowdown, the ones that don't need trump's help. you know what i'm talking about. yes, facebook, amazon, netflix, and alphabet, nee google. hence the nasdaq's all time high. the trump rally may have taken a breather. but the fang rally, it's back on. it was so powerful, it went all

the way down the food chain to the actual device people use to connect to the internet. that's right, the pin action boosted the stock of apple, which revealed that its app store developers raked in $20 billion in 2016. that's up 40% year-over-year. that means the stream of revenue i'm most excited about for apple, the service stream that can help the company diversify might be growing faster than expected. why else would they release this number? i like it. so did the market. i think the bears on apple, i think they're starting to lose patience. the stock could be breaking out. what else makes for good internet presentation? you need adobe to get the job done. we own adobe for the charitable trust. telling actionalertsplus.com club members, buy it aggressively. it's finally beginning to take off after that beautiful quarter. now, back to the concept of whether today is an outlier or not. is this a one-off rotation, or are we about to revert to the days when only a handful of high

growth companies can do well? two observations. if trump signals that it's time to start cutting deals fast to bring back the pro-growth tri-pod, then the money flows back to the group. second, the fact is the money is mostly staying in the market. it's actually bullish in and of itself. we don't want the same stocks going up over and over and over again on no new news like we have recently with the airlines. they moved up endlessly on the same pieces of data, and that's what's known as multiple expansion. that's the kind of advance i don't like. see, i want to pay more for higher earning streams, not for the same earnings streams. so i'm not as perturbed by today's rotation as i otherwise would be. let's put it all together in one package. when you have a bad trump day combined with a series of weaker data points from brick and mortar details that cause rates to fall, you see money quickly

flow out of the new winners and back into the old winners, the companies that make your life easier, the ones that the millennials love. put another way, in a bear market, when the central thesis wavers, in this case, the trump tri pod of deregulation, repatriation and lower taxes, everything goes down. but in a good market like this, the money just rolls on over into neglected sectors that are hungry for recognition. the bottom line of this coroner's inquest, this is the pause that i've been expecting. i can't run away from it. it's just rather than unleashing a tsunami of selling, it's merely caused money to flow from -- >> trump stock. >> to -- >> not a trump stock. the jury is still out on how long we go trump. but at least we aren't going no stock. remegio in missouri. >> caller: yes, jim, booyah. >> booyah. >> caller: thank you very much for taking my call. i've got a question. my question is on mobileye.

what do you think about this stock in 2017? >> well, you know, mobileye is kind of one of these players in this autonomous drive, and i think when you think about those, you might want to start looking again at the stock that's been pulling back and pulling back hard for the last ten days. yes, talk about nvidia. i feel more comfortable with that one or nxpi, which is being bought by qualcomm. those are better plays. peter in texas, peter. >> caller: hi, cramer. happy new year from texas. >> oh, thank you so much. we got the super bowl coming down there. >> caller: yep, right here in tus ton. i want to know what you're currently thinking about black stone. i got three specific questions. i love the leadership. i love the dividend, and i like what they're doing in commercial real estate. i was watching it. suddenly they're up 12% just this week. is it too expensive now? >> no, no. it's finally getting the nushl support it deserves, peter. i felt like that this is a situation where if you had a

better stock market, then people would realize that black stone can do more things and liquify some of its assets. it's a very good market. i have stood by steven schwartzman not just because he's from the tone just over from me in philadelphia, but because the company is run by a lot of smart people. some days are confusing but i'm here to help you figure them out. i think it's a pause, a transition to not trump stocks. at least we're not in a no-stock zone like we would have been before trump was elected. on "mad money" tonight, with the inauguration a little over two weeks away, i'm sitting down with the ceo of box to see what technological changes he's anticipating. then talk about a retail wreck. macy's and kohl's crushed. gap surprised with good ones. now i'm going to tell you why it's pointing to a bigger issue in the industry. and constellation brands reported earnings today, and the report looked festive with better than expected numbers. but the stock still has a hangover. i'll get to the bottom of the decline with the ceo.

so stick with 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 madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.

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and add phone and tv for only $34.90 more a month. call today. comcast business. built for business. since the election, investors have been so excited about the companies that do better in an accelerated economy that aside from a few very high profile examples, they pretty much ignored the good things happening at the kind of secular growth companies that get less of a boost from faster gdp growth, which is exactly what this market is expecting from trump's agenda. let me give you an example, a company called box. it's a storage provider slash mobile business collaborative platform. they reported a terrific quarter at the end of november. raised its full year guidance for 2017. looks pretty close to profitability. it's got a giant customer base with 31 million users, growing

sales at a 31% clip. while it's still not profitable, that's because they prefer to invest. doesn't that sound salesforce.com? since box reported that strong quarter a little more than a month ago, its stock has actually come down more than 4% even as the broader market rocketed higher. box is now trading at 14 and change, only a few nickels and dimes from where it came public a few years ago at 14 bucks even. so is this a buyable pullback or do we need to be concerned that the wall street fashion show may have turned its back on this kind of stock? let's take a closer look with aaron levy. he's the co-founder, chairman, and ceo of box, to learn more about how his company is doing and where it's headed. aaron, welcome back to the show. >> thanks for having me. >> it was a breakout quarter. you did more than $100 million in revenues. that's a praj etrajectory we wa. you've got a lot of customers. we know the market seems to like these companies that benefit from a trump agenda. what does box do to be able to participate in that, or does it

just keep doing its own thing and hope one day people recognize it? >> well, i think, you know, irrespective of a trump agenda for a second, if you think about how complex is the world is getting for businesses, there is an increase in cybersecurity threats. there's a tremendous amount of regulation that businesses have to deal with. there's global collaboration issues. so when you think about all of that complexity, we provide a platform that simplifies how companies can work, share, and collaborate on their information in a very secure way. so we've seen growth under, you know, lots of different types of administrations, and we believe that we're on a trajectory to continue to grow rapidly in the future. >> i've read through a lot of interviews that people have had with you. the one thing that we've lacked is an example of why box has a customer, what the customer wants from box, how box got it, and why that customer is not anxious to shift to a competitor. could you walk me through an example? >> sure. so we have 69,000 customers globally. we're definitely the biggest

platform in this space serving enterprises. we're in 63% of the fortune 500. so companies like pfizer, general electric, and many others use box. one great example is a company like as tra zen ca. so a global pharmaceutical company. when you think about how much data they have to manage and share across everything from r, and d teams to marketing teams to sales and finance. they have tremendous amounts of data across their tens of thousands of employees, and they ref language back to be able to securely manage that information and allow their employees to be able to collaborate with vendors all across the world. we're the only company that can do that in a very secure fashion while assuring end users get a great experience at the same time. so we're going after a 30 to $40 billion market that is moving from legacy systems to the cloud, just like salesforce.com took over legacy crm companies. we're doing the same thing in content management and

collaboration. >> so let's say you've got google partnership, ibm as a partnership. let's take oracle. they decide, you know what, we're going to turn off the oxygen. how do we know that they don't look at box and say, you know what, we came after workday. we've been winning. we are going to own box's space. what makes it so larry ellison can't just say box is done? >> well, you know, we've been in this space now over 11 years. we built the only platform that can scale to meet the world's largest organizations as well as the end user use cases that we go after. that's not necessarily the strong suit of traditional enterprise software companies. further, we actually partner with most of the traditional incumbents in this market. we have an incredible partnership with ibm, with microsoft. we partner with google. so we would hope to do the same thing with oracle, to be able to integrate across their erp system and some of their other

modern applications. we would actually see oracle over time as more of a complementary platform that we can integrate with as opposed to a competitor. >> sometimes i worry when you show profitability, which could be only a quarter or two away, or at least free cash flow positive in a way that could be explosive, if i were ibm, if i were google, the stock stays 12, 13, 14, i bid 16. i say aaron, nice to meet you, and you've got a sell. >> we believe we're going after a pretty massive industry, and we would think that $16 as an example would dramatically underrepresent the opportunity that we have in front of us. so we're certainly, you know, really shooting for the stars on this one, and this is -- our mission is to dominate this industry by building the only platform that can serve every enterprise on the planet. so we have a large amount of growth ahead of us that we're very, very confident we're going to be able to achieve. >> all right. in the last minute i have, you have a very active blogger, and you did say something in your

post-election memo to employers. i'm hopeful over the coming weeks and months, we'll start to see a very different style from the president-elect. some of the ideas that were pro-s in the campaign cycle would be disastrous and i'm confident they will not come to pass. so far this president-elect has been pretty true to the campaign president. should we be more concerned if we work in high-tech, if we work at box, if we're business people? what do you say? >> well, that was especially -- that note was especially specifically referring to many of the social issues that we care about as a company and really being able to drive a community that can create innovation, you know, going forward. i think that so far we haven't seen anything at a policy level that would be challenging to innovation and innovative companies. obviously trump welcomed in a number of tech leaders that i think they had a good exchange around what the future could look like. but we are paying very close attention to certainly the situation. we do want to find constructive ways to work with the new administration. but in general there's no stopping the amount of progress

and the amount of innovation that's happening in the future, and our job at box is to make sure that we build a platform that can really serve every enterprise on the planet going forward. >> i should ask this because facebook is flying today. working there, facebook, enterprise, sound like something big? >> yeah. so they have a new product called workplace by facebook, and it's exactly what you'd imagine it to be. it's a version of facebook that works in the enterprise so you can communicate and connect to co-workers and employees. we are partnering with facebook to deliver content and the files that are stored in box securely in the facebook environment. so as more and more applications start entering the enterprise in the future, cloud applications, box is going to be the central back end for managing the content and the files that then link into those applications. so no matter how fragmented an i.t. environment gets in the future, customers can have one single place to be able to manage their information. that's our value proposition, and that's why we have 69,000 customers on the platform.

>> i've been thinking that the stock at $1.8 billion makes no sense. it should be much bigger. i always love to see you because you've got a great vision. i love you. co-founder and ceo of box. good to see you, sir. look, $14, i don't know. i mean i think there's a lot good here that's not reflected in a $14 stock. "mad money" is back after the break. >> announcer: after the break, cramer picks his poison with the ceo of constellation brands. the stock's got a hangover even after today's earnings beat. what will it take for the shares to get back in high spirits? find out when "mad money" comes back.

you want to understand the implosions of macy's, down close to 14% today, kohl's down nearly 20%, you need some context, the kind i can provide because i've been steeped in retail my entire

life. my mother worked at lits. my father works as gym be's. mom sold lingerie. pop sold men's slacks. they succumbed years ago, victims of better competitors nobody saw coming. so when i read these stories about macy's and kohl's, i thought about gym balances and lits, and how the landscape is a war of all against all with the life of even the most hallowed business often turns out to be nasty, brutish and short. i grew up in retail. i remember going to store after store with pop who was hawking boxes and bags to retailers, hoping to sell them gift wrap or personalized name-plated shopping bags. he went into this business after gym balance's let him go. we used to marvel that so many of the customers, these little mom and pop retailers would go understand right after he advanced them credit to buy bags that were now worthless because

they had a defunct merchant's name emplacened on them. why did these companies go under? they got steamrolled by woolworth's, kmart. the amazing big box bargain centers, all these except kmart were done in by a better group of stores, namely walmart. the circle just keeps turning. now walmart and target are the ones trying to stay relevant in the face of fierce competition from the web. so when if comes to macy's and kohl's, we do need to get existential. what is the reason for being? sure, macy's is the third largest online seller in its categories after amazon and walmart, but that doesn't pay the rent. kohl's has some terrific bargains. i wear it. but when i read the stories last night, i had to wonder does anyone like going to these places anymore because i sure don't. it's cliche, but i too would rather go to amazon or frankly to the boutique stores in the short hills mall down the block

from me that cost a fortune. but they know my name. they know my wife's name. they know what she wants. they know her sizes. it makes life easier for me. i'll screw it up if i go to amazon for that stuff. now, there is still room for these ultra-specialty kinds of retailers, but that's because the 1% have to shop elsewhere. yes, i'm lucky enough, thank you. even the really rich don't like to shell out 10 grand for a pair of paul morelli earnings without seeing them in person, which brings me to a particular point about the mall. the mall isn't dead. the mall's rents are too expensive for all but the most exclusive specialty retailers. mass merchandise, though, even higher end mass merchandise like you'd see at sac's or neiman marcus just doesn't cut it, largely because if you know your size, you can just buy the stuff from their websites or from amazon. again, doesn't pay the rent. what's incredible is the speed with which this is all

happening. macy's had its best holiday season ever just two years ago and now they're doing terribly. it looks like the plan to close stores might not be enough. i got to hand it to my late pop. he saw all this coming when walmart started selling clothes for less than what the small merchandise he was selling to had to pay in order to buy the same merchandise. he stopped catering to his rapidly dwindling mom and pop clients and started selling name plated doggy bags to expensive restaurants. this was his last order, because he knew that philadelphians would never spend a lot of money on a meal and not want to take home the leftovers. philadelphians were too cheap. now, everyone is too cheap to shop at the mall. it's just too inconvenient unless you're uber wealthy and need to see the wares in person before buying them. if macy's and kohl's haven't figured that out yet, maybe there's no solution. then again, the mom and pop cavalry couldn't figure out what to do with the department store tanks. and now the tanks are right out in the open, just waiting for

the jet-powered amazon to carpet bomb them. tre in florida, tre. >> caller: booyah from the sunshine state, cramer. >> nice. what's happening? >> caller: i got a question for you. i've been listening to your warnings about retail and to stay away from the whole sector in general. but i've been watching express, ticker symbol extr. fundamentals look pretty good. they're sitting right off of their 52-week low. >> right. >> caller: i'm wondering if you think this could be a chance. >> tre, when i was at the mall recently, i took a picture of express because i was ai maed there was no one there. i just felt so bad for the guys, i didn't post it on twitter. you need customers. in the end, pop taught me that. it's not enough to have the merchandise. they got to get the customers. i say stay away.

art in tennessee, art. >> caller: good evening, dr. cramer. i think you're a noble successor to the great louis rue kaiser. i'm curious about land's end. it's been wandering in red ink for several quarters. however, it has a new ceo, and it also won a large delta airlines uniform contract. i've seen some of those new delta uniforms being tested, and they look really sharp. is this a purely speculative specialty retailer play, or is this a way to benefit from organic airline industry growth? >> you know what, i've been looking at land's end and i think you have to mutt togethpua couple quarters. i know they do have good management. i think they have strong people on the board. i'm not against it, but i don't like retail. i mean i like amazon, so land's end, i say maybe i can go on amazon and get some land's end stuff. kohl's and macy's are in a

retail rut, and sadly maybe there's no solution. much more "mad money" ahead today. that drop in constellation brands, did it make you feel like you need a stiff modelo? i'm talking to the ceo to see if there's an opportunity to buy. then there was a halo today. while the major averages declined, the company ended the day up 20% on some positive data. i'll tell you if the healty gains will continue. and of course, all your calls rapid fire in tonight's edition of the lightning round. so stay with cramer.

we spent a lot of time talking about all the potential winners from the incoming trump administration. but on a down day for the industrials, it's good to remember there are some real potential losers too. i'm not talking about the companies he goes after on twitter. we know the president-elect is thinking about trying to impose some kind of cross border tax on imports. witness how trump just tweeted that he hit toyota with a big border tax if they build a new plant in mexico instead of here. and toyota is not even an american company. how worry the does this make investors? just take one look at constellation brands, stz, the

terrific alcohol company that's the world's largest purveyor of premium wines. i've liked constellation for ages because a few years ago they managed to acquire the u.s. rights to corona, modelo, pa saskco, the world's most popular mexican beers. but this is exactly the kind of business that could be punished by an import tax. constellation just reported a good looking quarter today. 24 cent earnings beat. in-line revenues, but the stock got slammed, down 10 bucks. perhaps it's because management didn't necessarily give you the kind of clarity that you need about trump's impulses or also goldman sachs said this things that maybe the quarter wasn't as strong as it looked. not clear. but i do know this. this is a stock that has gone up from 35 to 140 in a very short period of time, and that's what may be at work here. profit taking. how worried should we be? it's a great company, but some

people think it is not the kind of stock to own at this moment. that's why we need to check in with rob sands, president and ceo of constellation brands to learn more about the quarter and the possible damage that an import tax could do to his business. mr. sands, welcome back to "mad money." >> thanks, jim. how are you? >> how do you make a mexican beer in america? in the end, aren't there some companies that just -- there's nothing you can do? if you're making a mexican beer, you can't make it in colorado. >> well, that's true, jim. but that said, as you noted, we had a fantastic quarter. i mean just blew away everything almost in every regard. fantastic sales results. but there is a lot of volatility in our stock as a consequence of the aspects of tax reform regarding the border adjustability tax that you mentioned. so i think that is probably what we can attribute the volatility today towards. >> rob, you're a man who puts his money where his mouth is. now, you did spend a huge amount

of time talking about it. you didn't duck it at all. but you also spent a lot of time talking about buying back your own stock, which indicates to me you take a longer term view. >> well, absolutely. you know, we did note that over the last couple of quarters, we purchased over $800 million of our own stock. that's because we clearly think that it's undervalued, and we've done a lot of work on the so-called border tax or border adju adjustability. we think there's plenty of mitigating factors, either things we can do or things that will in fact mitigate the tax, which makes it such that we believe that we can meet our mid-and long-term guidance of double-digit eps growth. so we're extremely confident that no matter what the outcome of that is, that we're going to be able to achieve our goals. so we put our money where our mouth is, and we're buying back our stock. >> all right.

so let's say president-elect trump tweets, saw sands on cram cramer's "mad money." that guy should be bottling his beer in the u.s. and using natural gas. what do you say? >> well, what i would say about that is it can't be bottled or made in the u.s. because it's not -- it's not a u.s. product. it's an inherently mexican product. but that said, you know, the whole border adjustability concept is about not being able to deduct foreign-sourced work in process and raw materials. so we have the capability of shifting a lot of our either work in process or raw materials, things like natural gas to u.s.-sourced and increase the percentage of those items and therefore increase the percentage of cost of goods sold that would be deductible. i think that's pretty aligned with what's trying to be accomplished by the trump

administration and the republicans. >> all right. one of the things that happened -- >> so we feel good about our position. >> i did too. but then i felt you answered a lot of those questions great on the call, and then a goldman sachs analyst of some note, who i've known for years, suddenly throws a monkey wrench in and said beer wasn't that good and it's he slowing. i can raid numbers. you can read numbers. i didn't see that in the quarter. trying to figure out how the confusion came about. >> so what judy of goldman, and she's great, is talking about is the fact that our mexican beer depletion, sales to retail, fundamentally our sales were up 10.7% following last quarter, where they were up about 14%. >> okay. >> so perhaps that was perceived as a slight slowdown. but that said, last quarter we were overlapping a quarter of the previous year where our sales were up 10% whereas third

quarter or this quarter last year, our sales were up 16%. >> rob, one last thing before i let you go. you guys are constantly innovating. you're constantly getting new labels. i have a high-end casa know play on my desk here, a tequila. i know you've done this with high-end whiskeys. you're not getting enough credit, in my opinion, for the innovation you're bringing to an industry that hasn't had innovation in a hundred years. i want to give you a minute to talk about the new stuff you brought out. >> yeah, we've got lots of great new stuff, jim. the tequila that you mentioned that you've got there, which we age in robert mondavi barrels. we recently acquired one of the whiskey, bourbon and rye distillers, named whiskey producer of the year by whiskey advocate magazine. we just purchased a new brand

called charles smith, and their kung fu panda reese ling made the top 100 in wine spectator. we're innovating new products like the tequila that you have all the time. so lots of great new stuff in our portfolio. >> well, it's terrific, rob. i know the confusion. you're, uf always played it straight out with us. but remember the stock has quadrupled and maybe sometimes people want to take profits. good to see you, sir. >> yes, thank you. >> this one, you wait till it settles, okay? you wait till these people give up on it and you get your opportunity. that's happening right now. "mad money" is back after the break.

>> announcer: lightning round is sponsored by td ameritrade. it is time! it is time for the lightning round on cramer's "mad money." that's where i take your calls rapid fire. you tell me the name of the stock. i tell you to buy, buy, buy or sell, sell, sell. we'll play this sound -- [ buzzer ] -- and then the lightning round is over. are you ready, skee-daddy? it's time for the lightning round on cramer's "mad money." i'm going to start with bart in texas, bart.

>> caller: there's an old song called jim dandy to the rescue, and my rescue is vodafone. >> i like vodafone. i have to tell you i've warmed up to a lot of -- i like credit suisse by the way. i like barclays. i'm going to put that in as part of my european basket. let's go to james in connecticut, james. >> caller: hey, cramer. thanks for all the great advice over the years. my wife really loves you. i'm calling you about u.s. silica. >> i'm not going to buy the sands stocks. there's not enough what i regard as being -- they're too commodity. my charitable trust owns schlumberger. it's time to own the best. rob in florida, rob. >> caller: yeah, james. this is rob in florida. i got a two-part question. >> two-part. >> caller: on encanna, the oil

outfit. do you think it's worth a buy? >> yeah, i like encana. you know why? because encana just raised its production guidance. i've been waiting for that to happen. i always like it because they pronounce it like if you're from philadelphia. their production going up. encana is for me. let's go to javon in pennsylvania. >> caller: hey, what's going on, jim? >> not much. how about you? >> caller: i'm doing fantastic. calling from your hometown of philly. i wanted to know what you think about arconic. >> i think arconic is right. when i saw those auto sales the other day, when i think about the fact that airplane business, that's another big part of the business is good, gas turbine business is good. bottle, canning, just okay. but i happen to think that arconic -- remember, it's the old alcoa. i think arconic is going to be a winner, which is why my charitable trust continues to buy the stock, and we suggested

to club members just yesterday, it is time. how about kim in pennsylvania, kim. >> caller: hey, jim. big booyah from pittsburgh, pennsylvania. >> city of winners. a city i wish i were born in. you got so many -- i was born in philadelphia. luck of the draw. >> caller: you should have came here now, jim. >> the whole thing's been wrong. go ahead. >> caller: anyway, i received avan six, a spinoff from honeywell, and it seems to be gaining some momentum here. where do you think this stock is going? >> the resin business is good. it was always a good business and just didn't fit into what dave cote wanted to have. i want you to hold on to that stock. and that, ladies and gentlemen, is the conclusion of the lightning round! [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. sy r evg s tt.kis a nara

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the biotech cohort has been under pressure as we don't really know what the trump administration's attitude toward the drug industry would look like. today we got positive outlook from hal oh zooim thurps. a biotech focused on using human enzymes. it's an area outside your body's cells that among other things provide some structural support for your body's various tissues. their toj can help deliver drugs more efficiently.

they reported some very strong results for their faphase two advanced pancreatic drug. right now there aren't a lot of options if you get this awful disease. this isn't just a one trick pony. they already have one therapy on the market that's designed to help your body absorb other medications and a host of partnerships with larger drug companies to use their drug delivery platform. the stock surged nearly 18% today or close to 2 bucks. while that's down from the initial gain, there was some chatter the results weren't quite as strong as they seem. let's dig deeper with the president and ceo to find out more about her company and where it is headed. doctor, welcome back to "mad money." good to see you. >> thank you so much. >> please just walk us through. what does this morning's announcement mean for your lead therapy, pegph 20, and what do the results show? >> thank you. well, today we announced, as you say, the results of our phase two study, looking at peg ph 20

and patients with advanced pancreas cancer. just as a reminder, pancreas cancer is one of the most devastating cancers still today. if you have advanced cancer, the probability of survival at five years is less than 5%. so what we reported today was positive results. in terms of the two primary end points of the study, we met them. the first one was the ability to improve the time to progression in patients receiving our drug, and that was a statistically significant change. we also reduced the rate of blood clots in the patients receiving peg ph 20. but i think where most people have wanted to focus, and we're being very excited by the data is to look at patients who have got high levels of a sugar around their tumor. in those patients in a subset of this study which we call stage two -- and this is important because this is the population that is most similar to the population we're studying in phase three. in those particular patients, we were able to see when peg ph 20

was added to today's standard of care, these patients had a 91% improvement in the progression-free survival and a 50% improvement if their overall survival. this is a biomarker that we're developing and want to test, and we actually are using it in our phase three study. >> doctor, one of the things i like to bring up because we've learned to be somewhat skeptical on biotech because it doesn't always work out. tonight amgen won a big verdict blogging regeneron's drug. there's a lot of competition. is it possible some people could view that -- i'll use a term that i saw on the web, that you cherry picked data points that made the results look better. or is it just such a terrible disease that anything you can do is better than what we have as the current standard of care and that's what we should be focused on? >> our phase two study is a large, well-designed and controlled phase two study of over 250 patients. what we've presented today was a conservative review of all of the study populations looking at the key efficacy end points of

progression free survival and overall survival. there was a good consistency. in the overall data, particular lit with regards to progression-free survival. now, overall survival was a secondary end point and an exploratory end point. i mentioned we saw the 50% improvement in overall survival in the stage two patients who had high levels of the sugar. when we actually look at the overall population, we didn't see a benefit. and there's a number of reasons for that, including if you recall, jim, when we did stage one of the study, we had a temporary clinical hold that may have impacted it. but i think what's the important message is that this data is certainly supportive. all of the confirm tory phase three study that we have already under way, and that is really what it's to do. it's to help you, do you have your design right, your powering right. do you have the biomarker marker

right? all of this, the data is supportive of, and we'll continue to evaluate the data and take learnings from. but we certainly feel very good that this data supports our actions in our phase three study. >> i like to think that's not your only product. you have won approved which is high la next. can you quantify how that therapy has grown since it was launched? >> yes. this is a product that, as you mentioned, is useds aa spreading agent. it's mostly using in opthalmic surgery. it's in the range of $15 million a year, but it does help patients. >> okay. and then finally for the drug we've mostly been talking about, when do you expect data from phase three because i know that there will be people out there watching the show who know loved ones or people who have it and say, look, we'll try anything. can we get on this drug? >> so we do have our phase three study ongoing. it's going to explore 420 patients with high levels of

this sugar. it's at 200 centers around the world. we enrolled the first patient in march of 2016, and we really are still in our enrollment ramp, so it's probably premature to comment on exactly when we'll have the data. but i can assure you the entire halo zooim team is working hard to get this product to patients as quickly as we can pending obviously positive data. >> thank you so much. exploring still one more way to be able to deal with diseases that were always fatal just a few years ago. speculative stock. we know all the risks of biotech. you've heard the pluses and the negatives, and all i can say is, look, if you want to speculate, halozyme is a speculative. stick with cramer. uioks oddneyey hass ac s. ne d q

i like to say there's always a bull market somewhere, and i promise to try to find it just for you right here on "mad money." i'm jim cramer. see you tomorrow.

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