tax, it's ge. they like it. >> bristol-myers, welcome back. >> good to be back. i'm melissa lee, thanks for watching. see you here tomorrow at 5:00 for more "fast money." "mad money" starts right now. 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. trump this. trump that. if you only listen to the media, you think every single point of this rally was about the

policies of president trump because it seems so clear-cut that the move falls on his shoulders given the timing of the advance. dow rieszing 35 points. tenth gain in a row. best streak since 2013. s&p climbing 0.04% even as the nasdaq declined 0.43%. look, i'm not disputing the calendar here. it would be ridiculous to claim that trump has nothing to do with this rally, the one that's named offer him. in truth he deserves plenty of credit. but when i listen to treasury secretary steve mnuchin this morning and betsy quick's excellent interview on cnbc, i recognize perhaps we're pinning way too much of the game on the president's coattails. yes, mnuchin made it clear that the stock market can be a report card on the president's job, and right now it's all a's. but let's give some extra credit to others before awarding trump sue ma couple law day as the beginning of his term. i recognize this is probably the single most pro-business administration i've ever seen.

once again the president called in american business leaders this morning to try to figure out how to create more jobs here, including business leaders with a long history of building plants outside a country or offshoring jobs to them. these days you simply don't want to be the ceo who announces that the next plant is to be built in mexico. the constant interaction between some of these executives, people like ford's ceo or g.m.'s ceo, they seem to be the most in touch with the president. well, serve to remind that their peers, that they can advance to the next level with the trump administration if, but may only if they pledge to build and hire here while also keeping costs down if they feed at the federal trough. now, i joked this morning on "squawk on the street" that while the president has broken these execs into teams to get more work done, to me it's a bit like "the apprentice" where teams compete for trump's affection and the best way to

win, to be the captain s to announce you'll put more jobs in america than any other contestant. some wags on twitter thought i was being too glib, that i wasn't taking the process seriously enough. you know what i say? i say they aren't taking the apprentice seriously enough. plus trump, by his own admission is ratings obsessed so it's not too farfetched. as a former judge on the apprentice, i can tell you trump was deadly serious about who was doing the best job and who had to go. ceos who hire here may be the ones who trump really counts on going forward, and why not? this president isn't just pro-business. that sells him short. he lives and breathes business. he may know more about how to create jobs than anyone who's served in the oval office. frequent guest andrew livers, head of dow chemical that was meeting with the president today, he said today that trump's the most pro-business president since the founding fathers. frankly i found this observation

stunning, stunning because name me a founder father that's more pro-business than the president, and i'm including the guy from the broadway show. but to go back to the mnuchin interview, what really struck me was just how far away trump is really from getting his signature tax reform program through congress. we got a bold call from the treasury secretary that we'll get something by august, something big maybe. however, if you're buying stocks based on that belief, i think you're going to be premature, and you will be crying, particularly because there seems to be no consensus whatsoever between the white house and the congressional republicans on what the tax package will actually look like. will it be tied up with individual income tax? good luck. that takes a year. will there be a border tax, something trump said he supported today in some way, shape, or form. all this is getting way to complicated, so i'm calling mnuchin's observation optimistic to say the least, which brings me to some of the other reasons why we may be rallying. the extra credit so to speak because this rally is way too powerful to be all trump all the time despite the analysts'

attempt to paint it as such. first, i know that trump says he inherited a mess, but to be fair, job growth near the end of president obama's term had been pretty robust. i mean there's no doubt we listen to all the conference calls that those with jobs feel more confident, more empowered and that explains some of the recent pickup in spending. let's say there's an overriding belief that trump won't make it difficult to hire or create new businesses and his deregulation stance will make it easier to get capital from banks to build and expand. second, i think the anti-gridlock in washington does create some tremendous opportunities but nothing has really been accomplished so far beyond the grudging approval of trump's pro-business cabinet appointees. sooner or later they will come together on some sort of tax reform. right now, though, it's all up in the air. hence my skepttism about that august deadline. third, the president has no luck, no luck at all getting

through his $550 billi550 billi infrastructure program. mnuchin did hold out the possibility that something could happen here, but it's hard to imagine a republican congress erasing a big infrastructure spending package. still, i've been pushing on a 50-year or 100-year make america great bond to get it done, but it's all drawing board so far. my writing pal suggests trump should do some retirement saving bonds to get the job done. makes sense so me. the fact is, though, congress is far more focused on repealing and replacing obamacare, something that's turned out to be a thornier issue than they expected. it certainly it's delaying anything related to job creation or fixing or infrastructure. fourth, we have to admit the most stunning aspect of today's interview was what wasn't said. mnuchin himself is not calling for big-time retaliation against the so-called trading partners we have. he's pro-strong dollar like all

the other treasury secretaries. we thought that might be different even though if we had a cheaper dollar. let's go one step further. if you look around the world, this is what matters. if you look around the world, you know what? let's own this. you're seeing some greet chutes away from us. better growth. higher stock markets ieverywher with nothing being held by by what was thought to be huge trade barriers. have you seen the british banks like lloyds or barclays? they're all doing better. we got some companies like valet. remember we used to think it was like valet, but we dropped the p, and pbr was like the better bureau than the oil company. they're coming back to life. we're experiencing a turn in the fortunes of india, china, and russia. i was going to bring one onstage. brick is back. brick. we're seeing a pickup in business all over europe. get this one, mexico's peso is

soaring. even mexico is doing better and none of this growth is because of trump. some would argue it's in spite of him. again, i'm not saying the trump administration isn't doing everything it can for job growth. but let's remember that the president is not omnipotent, especially when if comes to the stock market, and most of the policies wall street is salivating for probably won't be delivered this year. in the meantime, i reiterate individual companies have seen a resurgence in their businesses not just because of our growth but because of the world's growth too. just think of international companies and the soaring dow jones average. 3m, boeing, visa, cisco, home dep depot. here's my bottom line. as a stock guy, listen to me. as a stock guy, it's pretty joyous to have a really pro-business atmosphere in washington. but let's be clear that this rally is about a whole lot more than politics. and when congress twiddles its

thumbs, stocks are being helped by plain old american executive ingenuity and a global economy that seems to get stronger by the day. give credit to this market where credit is due, and roecognize that the bull doesn't just reside at 1600 pennsylvania avenue. rose marie in illinois, rose marie. >> caller: thank you, mr. cramer. thanks for taking my call. i'm wondering if now is the time to invest in flr corporation. i've been invested in them in the past but not the most recent past. i believe that heavy construction is due for some kind of a reversal of fortunes and wondering if fluor would be the leader. >> it's good, but it's also very related to oil and gas spend. i don't think oil and gas spend except for in the permian is really going to jump a lot. i'm okay with fluor but not crazy about it frankly. it's also got kind of an inconsistent earnings record. how about gerald in california,

gerald. >> caller: booyah from california, jim. >> booyah. >> caller: what do you think of bank of america? >> bank of america needs three rate hikes. we've got to get a happy rate hike in for them to really be able to continue to go -- remember, this stock started at 15.60. it's had a giant run sat at 24. tony in california, tony. >> caller: hey, jim. booyah from the bay area of california. >> nice. just out there last week. had a dynamite time with the kids, the wife, everything. it was like fabulous. kareem, we were all there. what's up? >> caller: next time you got to come over to alameda, and i'll give you the tour. >> that sounds fair. >> caller: i've taken the ride up on jack in the box over the past year and recently it's been oscillating up and down with a drop today. i'm wondering if you think the sector itself -- >> i don't like this group. i don't like this group. i did make a suggestion in my real money column that it seems more than coincidence that ca doe bow is weaker and chipotle is making a comeback. a lot of people would go to one or the other even though i know

the chipotle people say, come on, natural and organic. i think that's part of the weakness. sam in michigan, sam. >> caller: sam from michigan. jim, i own mgm for many years. is it time to sell? >> no, no, no. this stock has had -- look, it was a very crowded long as they say in the business. i know the last quarter was nothing to write home about. the stock is down "almost 10% fr the year that. to me is an opportunity. we'll get the ceo on to explain it. i think he'll say, you know what, let's pull the trigger. give credit where credit is due. the bull isn't only here because of what comes out of washington. on "mad money" tonight, over the past decade, it's been the life in the fast lane for avis and hertz. is it time to pull over or is there more gas in the tank? then a wireless wearables all the rage in this market. as competition heats up in the sector, i'm comparing once loser

gar minute with once finwinner fitbit. and it's a dirty business, but is it time you did some dumpster diving to turn trash into treasure. you know we like waste management. we're going to speak to the ceo. 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. ♪ it's not just a car, it's your daily treat.

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what the heck has gone wrong with the car rental business? after some epic runs earlier this decade, both hertz global and avis budget, the two big name publicly traded rental car plays have spent the last few years getting pole axed. in fact, the amount of value that's been destroyed in these two stocks is downright staggering. >> the house of pain.

>> hertz peaked at $125 in august of 2014. now it's trading at 20 bucks. that's a massive 84% decline. including a more than 60% loss in 2016 alone. as for avis, it roared at 70 in the summer of 2014, then plunged to 22 earlier last year. a 69% decline although since then it's bounced back somewhat to $33 and change as of today. still, it's been cut in half in less than three years. all of which begs the question how on earth have these two household name companies fallen so far so fast? are people just not renting cars like they used to? is this still one more industry that's being disrupted by the web? why fill out all that paperwork to rent out a vehicle where you can use uber to go anywhere you want. or is there something else going on here that's made these stocks particularly awful? if you want to understand how an industry can go into decline like this, we need to start with the history. after the great recession, both

hertz and avis gave you some terrific performance as the spri benefited from a rebounding economy and a wave of consolidation as the larger rental plays snapped up the smaller ones. since then, though, things have gotten a lot more difficult for these companies. what went wrong? let's start with hertz global. for starters, hertz had some serious company-specific issues like some accounting issues that cropped up in 2014 and took ages to sort out. now, there's no doubt that hertz has been poorly managed. but since the weakness is industry wide, i don't think we can pin all of this company's troubles on the executives. by the time it started reporting solid earnings numbers again we learned the company was seeing declining transactional volumes. if anything, though, things got even worse for this company in 2016. going into last year's analysts

were fretting about sluggish demand from commercial customers resulting in weak pricing. boy these worries turn out to be correct. when hertz reported in may of 2016, the company massively missed wall street's earnings smalts. however, for a moment at least it looks like hertz might be able to get pricing under control thanks to its continued efforts to shrink the size of its vehicle fleet. nope. her hertz delivered another major miss when it delivered last august although the company was able to spin off its equipment rental business. to make matters worse, management gave much weaker than expected guidance for the full year. the culprit? lousy demand from corporate and international customers. in the most recent quarter from these guys was another real doozy. hertz delivered yet another gigantic earnings miss in early november, posting 1.58 per share. do you know the analysts were looking for 2.75? on ton of that, what did the company do. what it always seems to do. it just took a meat ax to its full year's earnings estimates.

33% guide-down. ouch. now, this time hertz management actually acknowledged that they screwed up, talking about how they bought too many unpopular compact cars, failed to deliver on some planned cost savings. but again that colossal blowup was mostly driven by weak corporate volumes and higher fleet costs because the robust auto market means they need to pay more to get their hands on relatively new cars. hertz has repeatedly tried to explain this weakness and pin it on the oil and gas industry. come on, if that were really the culprit, you think they would have annualized the problem well before last november, right? since that last quarter, hertz stock has continued to get pulverized, and it's not like things have gotten better. in december we learned that ceo john tag is stepping down. people thought he was terrific. then the chief revenue officer announced he was leaving earlier this month. hertz reports again next monday. i would love to be optimistic, but i don't think it has the

horses. the main i'm concerned is avis delivered a real ugly quarter last week. speaking of avis, the story is less of a disaster than hertz but it's still pretty brutal. there's no accounting issues here and fewer execution related problems but the fact is these companies have been up against the same difficulties in recent years. avis has been slammed by weak demand and generally soft pricing although unlike hertz these guys managed to deliver a dreent quarter in november. avis actually posted a top and bottom line beat three months ago. management said they expect to see continued softness km the commercial business but suggested volumes and price cog improve during the next quarter. we got the next quarter when avis reported last week and it must have been heartbreaking for any bulls, who still held out hope for this stock. in addition to missing the top and the bottom line numbers and giving weak full-year guidance for 2017, avis noted that commercial volumes and pricing both fell by 2% year-over-year

and they told us pricing would likely stay negative in the next quarter. avis' guidance wasn't widely worse than expected but the commentary from management scared investors. stock plunged 12% in a single session. can you believe these two knuckle head stocks? it's pretty clear that both hertz and avis have been devastated by weak demand coupled with rising costs. what a nightmare. over and over again things just keep getting worse and worse, and while hertz in particular has come up with a lot of short-term alalibis, i think th industry has some long term challenges. at the end of the day, rental cars are a commodity. while i wouldn't go so far to say the industry is dead, it's broken. you need to see a major uptick in worldwide travel to boost these stocks, and at this point i'm not even sure that that would be enough, especially with uber and lyft taking some real market shares. let me give you the bottom line. i'm not ready to write an

obituary for hertz or avis yet, but i can tell you these stocks are not bargains and i would stay the heck away from them until we can get some real clarity on what's actually ailing this business and what could potentially fix it because i can't think of a thing. much more "mad money" ahead. in the age of smartphones and tablets, logic would say a company that sells personal navigation devices would be extinct. but garmin has been able to map a solid path in wearables. i'm comparing it to fitbit and telling which one could be worth owning. then let's talk trash. waste management has been cleaning up on wall street for ages. i'll see if it can scrounge more profits in the trump administration. and i'm talking tesla after earnings. the company may be trying to change the world, but is the story behind the stock still electric? i'm giving you an update. stick with cramer.

we were out in san francisco last week. what did we do? we talked all week about game-changing and revolutionary technologies. but what about the tech companies that never quite made it? consider the case of fitbit, the maker of wearable fitness trackers with a stock that's been a hideous underperformer, starting only a few months after its ipo in june of 2015. now, when fitbit came public, there was a lot of talk comparing it to garmin, another consumer tech hardware play best known for its navigation systems. fitbit's stock initially soared right out of the gate, vaulting 150% from its ipo price to its peak a month and a half later. at the same time garmin seemed to languish. over the course of the past year, it's like these two companies have swapped places. fitbit's been a horrendous disappointment, just horrible. something that gets a lot of attention, while garmin has been

quietly making a terrific comeback without much fanfare. i come out here 18 months ago. let's say i said fitbit was a loser and garmin was the one to own, i would have been laughed off the air. the contrast slapped us in the face yesterday when both companies posted a pair of diametrically opposed quarters. fitbit gave us the same results it said we should look for when the company pre-announced a month ago. garmin gave us some surprisingly strong numbers. how do we arrive at this moment where fitbit is a pariah, and garmin could be well on its way to becoming a market darling again? let's start with the downfall of fitbit, something that was cemented by the quarter these guys reported yesterday. here's a stock that already lost 75% of its value in 2016 and it's down another 17% year-to-date. what went wrong? first of all, fitbit was overhyp overhyped, and i got to eat some he kro here because i got some one wrong for a while, betting on a turn until it got to the mid teens where even the

frustration got to great for me. when this company came public, the bulls ordered it was more than just a maker of tech commodity products. they were talking ecosystem. fitness trackers that were something proprietary, that the brand mattered and the company's technology could have some major opportunities in the enterprise space as kind of a corporate well ness device. some gains there, but quarter after quarter we got the same story. fitbit would report decent numbers but then management's commentary on the conference call would be a lot less enthusiastic. the stock would get eviscerated over and over again, just a slaughter house. by the beginning of last year, fitbit's management had lost credibility because they kept pretending like the problems didn't exist. the killer blow to the stock, november, when fitbit posted a slightly weaker than expected quarter but gave truly atrocious guidance. it was like management was finally acknowledging reality. the stock instantly lost a third

of its value and continued to drift lower ever since. it's trying to find some footing here, no doubt about it. to make matters worse, last month fitbit reannouncpre-annou the down side. when the company actually reported numbers yesterday, they were as awful as we fear. larger than expected loss, 19.4% revenue shrinkage. it wasn't as proprietary as many of us had assumed when it came public. when you can get pretty much the same product from a host of other companies, including apple, it's hard to see how these guy koz have an edge, hence why the stock is in the single digits deservedly. but what about the spectacular almost miraculous comeback in garmin? i mean here's a company that's written off as nothing more than a commodity tech hardware play, yet it somehow keeps delivering. your cell phone has it. your car has it. come on. last summer garmin reported a

fabulous quarter. thanks to its outdoor marine and aviation divisions. when garmin reported once more yesterday morning, it posted terrific numbers. it was a phenomenal 16 cent earnings beat off a 57 cent basis, much higher than expected revenue, up 10% year-over-year. the cause? well, all the other segments are on fire with marine up 19%. i love my garmin. fitness, where they have their own wearable health tracker. outdoor up. on top of that, management raised their full year guidance. it's execution. the people running garmin, they're doing a better job than the people running fitbit. garmin also has more diversification. fitbit is more about the var x variations of the same basic product. the narrative surrounding garmin and fitbit, they have become very different. these days fitbit is viewed as a former high growth company focused solely on personal fitness that may have a health

care kicker somewhere. we know these high growth stories are notoriously frajle. once the company loses its momentum, its mojo, its stock can spend years in purgatory. the garmin story, it is very, very different, and it's still good. garmin's seen as a turnaround play. a company that used to be hig-- realize they couldn't get by by just one kind of product so they expanded to all kinds of devices. garmin and fitbit are polar opposites when it comes to managing expectation. fitbit keeps telling you everything was fine and they could figure it all out if you gave them more time. then they just gaffed you with a hideous forecast cut and another and another and another. garmin consistently giving you conservative guidance and then beat the numbers handily quarter after quarter. it doesn't hurt they have that

3.9% yield. let me give you the bottom line here. yesterday where garmin blew away the numbers and fitbit disappointed once again, we saw the culmination of a year-long period where garmin got its act together and fitbit just got annihilated. when it comes to the personal electronic space, i bet garmin has more room to run. fitbit, stocks don't trade to six bucks because things are going well. frank in my old state of pennsylvania, frank. >> caller: booyah, jim. calling from philadelphia, home of the future super bowl champs. >> well, i like that. i like that. let's get desean back. why not? what's up? >> caller: i just wanted to know your thoughts on sirius xm. >> i like this stock very much. i was talking about it with the team this very morning. i said, you know what, we said that we wanted tim cook to buy it for apple. but you know what? we wanted it because they wink it's such a strong business, and we reiterate, it's a great stock to own. we've liked it since 3 bucks. alex in new york, alex. >> caller: hi, jim.

thanks for taking my call. i'm calling about activision blizzard. you recommended it a while ago. i was wondering how you feel about the company? >> oh, i love that last quarter. it was really sensational. you know i like take two. i like ea, and i like activision blizzard. this group is a good group to be in. the gaming group remains solid. jim in florida, jim. >> caller: hi, jim. jim mcdonald, florida. >> nice. >> caller: thank you for taking my call. >> okay. >> caller: i truly believe you love your job. >> i do love my job. >> caller: i know you work very hard. what i'm thinking about adding ford motor company, symbol f. >> right. >> caller: to my stock portfolio. >> i got to tell you, it's got a nice yield. it's got good management, but it's still an auto company. i'm not recommending any of the automobile companies. i think there's just secular changes coming, and i have my eyes just wide open last week when i spent time at alphabet, at waymo. this self-driving car is coming right down the pike, and ford's

is not doing as well as waymo. all right. not all tech companies make it. only time reveals. fitbit's become a wall street pariah. garmin's back better than ever. much more mad ahead. is it trash day already? waste management cleaning up for decades, mostly in the disposal business. are you wasting a buying opportunity after earnings? i'm going to talk with the ceo. then tesla took a tumble today but the company still has big believers. is it time to curb the enthusiasm? i'll reveal. and all your calls rapid fire in tonight's edition of the lightning round. so stick with cramer.

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we're trying to get a read on the u.s. economy. few companies have a better understanding of commerce in this country than waste management. it's the number one garbage disposal play in north america. it's up 30% over the past 12 months. what about the actual company? last week waste management reported what at first glance might look like a not so hot quarter. really it was much better. instead of getting dinged, the stock barely budged in response because the market looked past results, focused on management's brulish commentary about their

operations and looked at some incredible revenue growth. can the stock keep climb something let's check in with jamsz fish, the brand-new president and ceo of waste management who took over from david steiner this past quarter in order to find out how his company is doing and where it's headed. mr. fish, welcome to "mad money." good to see you, sir. >> thank you. >> it really was. the headlines don't tell the story. this was a remarkable quarter. i look at it and i see higher collection volumes. i see price increases. i se i see cost controls. it seems like everything is coming together. >> i think it is. you've talked to david many times. what david would tell you is if we could get 2% price and 2% volume and get our costs under control, then the business model really flies. and it's flying right now. >> the best since 2011. some of this also has to be economic activity. >> i think some of it's economic activity. we tend to convert about one gdp point into a half a point of volume. so let's say we get some help from an infrastructure, that

makes a big difference to us. but when you get ebida, and a 2% economy, that's -- >> you've also won some very big contracts. you talk about new york in the contract for disposal. how does that work? that contract is a billion dollars. >> it's over a billion. same with los angeles. both of them are north of a billion dollars. different types of contracts. new york is a marine transfer station, and so that volume comes into our transfer operation and then moves down to various disposal facilities. >> and you've got these landfills that are just money to be made, right? >> that's right. that's right. it's a great contract for us. we're excited to win it. >> now, one of the things that david had told me over and over again, tough business. recycling. didn't seem tough this time. it seems like maybe it's technology. maybe it's better negotiations of contracts. recycling is back. it's making money. >> so in '16, it was about a nine-cent tailwind for us, but only about three of those cents were commodity prices.

about six of it was really derisking the business, taking cost out, sharing the risk with customers. this year we think it's probably going to be three cents of tailwind. >> even though we're not that great at recycling in this country, we mix things up, we don't put them in the right bins, you can still do okay. >> there is a big education component to what we do. we have to make sure people understand what's recyclable. we get stuff coming tiny recycling plants like bowling balls and crazy things that really don't get recycled. >> there's a kind of a split decision on the conference call. we got a deregulatory president, but the fact is that regulations for the most part, a lot of mom and pops that sell to you can't meet the regulations. so is it six or a half dozen for new. >> a little bit, yeah. we're not quite sure where regulation or deregulation is going right now. so we're kind of agnostic at this point because we really don't know what to expect. and i guess i'll leave it at that. i don't know where -- you know, where the administration is

going to take deregulation. >> right. now, you do have a good read on economic strength. you know, we're talking about the infrastructure spend. that would be something that i would say if we did -- you know, because today secretary mnuchin said to our becky quick, listen, we're going to do a big infrastructure spend. so sure enough, if i wanted to hold out and say that happened in 2018, that could be a driver for waste management next year. >> without question. so when you look at infrastructure spend, we tend to convert about a point of gdp into about a half a point of volume. infrastructure might be more than that. it might be 0.7 because more of it's industrial. >> right. >> so anything that would raise the gdp of the overall economy would convert to us to probably 0.7 of a point of volume increase. >> it would be a nice increase. david has always told us you guys are at the forefront of technology. anything new in technology that's saving money for the company? >> well, so david's probably talked about the on board computers. we have on board computers on every single truck, and that really has been used to address

efficiencies. going forward, we'll look at how we use that to benefit the exist me -- customer. i think on the disposal side is weather you can see disruption in the next decade or so. those landfills have natural lives and so what do you replace them with? >> free cash flow, you've been fabulous at returning dividend, buyback. you're still committed to doing acquisitions if they're affordable. >> that's right. we bought two or three companies over the last three years that are kind of $500 million purchase price type companies. >> but they've added revenues immediately. >> they have. we don't have anything on the horizon, but we'd like to do those. we want to make sure they're a reasonable purchase price. >> at this price, is it better to race your dividend than buy back? the stock's had such a run. >> so what we look at with the dividend is where is the next kind of new normal in terms of free cash flow. last year we raised the dividend 6.5%. >> people loved that. >> this year, 3.7%. what we're looking for is, you know, more than one year of

trend in the new norm. our guidance this year is on free cash is one-five to one-six, and that's up from literally in 2012. >> you inherited a remarkable company. you've taken it to the next level. say hi to david because he has really got a lot of people in the stock correctly. >> absolutely. >> that's jim fish, president and ceo of waste management which remains a fabulous long-term story. "mad money" is back after the break.

foporsche has beens, disrupting the status quo. the disruptor is a car that comes in and sets a trend and setting a standard that nobody else has to live up to. there's no time for texting, there's no time for talking, there's no time for music. it's not just a concept for me. yeah, that car was a game changer. and now, another disruptor has joined the group. this is porsche, decades of disruption. we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future.

how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. where's the car? it'll be here in three...uh, four minutes. are you kidding me? no, looks like he took a wrong turn. don't worry, this guy's got like a four-star rating, we're good. his name is randy. that's like one of the most trustworthy names! ordering a getaway car with an app? are you randy? that's me! awesome! surprising. what's not surprising? how much money erin saved by switching to geico. everybody comfortable with the air temp? i could go a little cooler. . fifteen minutes could save you fifteen percent or more.

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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." let's start with michael in maryland, michael. >> caller: how are you do something. >> i am doing good. how about you, michael? >> caller: i'm doing great. >> what have you got? >> caller: i got -- do you think verizon is a good stock to invest in right now? >> i think it's bottomed nicely here. i think it's looking good on a chart basis but t-mobile is my fave. let's go to al in pennsylvania, al. >> caller: hello, mr. cramer. >> what's up? >> caller: based on today's pullback, should i be buying more agf? >> that's a risky stock. up here, this is -- i'm going to say no. i think it's just too high. i don't want to touch it. let's go to j.j. in new york. >> caller: professor cramer, thank you for all you do for us individual investors. >> glad you're in the class.

what's up? >> caller: gtn. >> i like gray but i think next tar. remember we had nextar on. that one is a better play. how about larry in oregon, larry. >> caller: yes. i purchased box when it was introduced a couple years ago. >> right. >> caller: and it was overvalued, and it hasn't been able to make any money, you know. >> yeah, but i think this could be a breakout quarter. i me i don't want you to give up. i want you to hold on to it. let's go to joe in new jersey, joe. >> caller: hello, cramer. thanks for taking my call. >> of course. >> caller: with talks of being acquired, do i buy more of kellogg? >> we don't recommend stocks on a takeover basis unless they can be justified on an earnings base is, and i don't think it can be.

the one i would like in that space now is tree house. that's right. i think ths came on the show two weeks ago and acquitted itself very well. stock goes higher. let's go to scott in connecticut, scott. >> caller: booyah, jim. thanks for taking my phone call. best buy, what should i do? should i keep it, hold it? >> i think the retailers have got a whole level right now of insecurity. i am not recommending that people get in. i need to go to jim in florida, jim. >> caller: yes. >> you're up, jim. >> caller: okay. jim, this is mike in florida. >> oh, mike. okay. >> caller: i'd like to ask you about exas. >> this stock has had too much of a run. we liked it lower. it's too high for me. i'm not going to recommend it. priscilla in pennsylvania, priscilla. >> caller: hi, cramer. booyah. >> booyah. >> caller: cramer, i would like to find out your opinion on carroll restaurant group. >> that way too hard.

that group is way too hard. this little guy is even harder. i don't want to touch it. let's go to jack in michigan, jack. >> caller: heck yeah, jim. i got a question for you. i dug myself a whole with -- >> they missed the quarter really badly. that was just a tough miss. it's in the penalty box. i wouldn't touch that one either. and that, ladies and gentlemen, is the conclusion of the lightning round! [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. y smart. well, we're all about educating people on options strategies. well, don't worry, i won't let this accomplishment go to my head. i'm still the same old gary. wait, you forgot your french dictionary. oh, mucho gracias. get help on options trading with thinkorswim, only at td ameritrade. some things are simply impossible to ignore. the strikingly designed lexus nx turbo and hybrid.

the suv that dares to go beyond utility. experience amazing.

what can i say? the guy's got all the answers, and he sure doesn't lack for confidence either. i'm talking about elon musk, the ceo of tesla, the only person on this planet who could report a quarter with $1 billion negative free cash flow, vastly declining gross margins, $16 billion in debt and a suddenly departing cfo and still see his stock go higher on the news, at least initially, although it ultimately ended the day down. from the moment this conference call began last night, with a seemingly outrageous question from morgan stanley's adam jonas about the impact of president trump's desire to put a man on mars, on musk's plan for tesla to when musk talks about being very close to the edge on the company's finances, there was an other worldliness about this company. i've only heard it once before.

amazon. musk, like amazon's jeff bezos, has grand ambitions. if you want to be in on those, you've got to buckle up and get ready for an autonomous, driverless ride. there's only one real difference i can tell between bezos and musk, bezos never gave a damn about them, didn't participate, but musk answers everything, and the more outrageous the answers, the more everyone seems to like it. the cfo jason wheeler is leaving after only two years on the job. that could be horrifying. except he's staying until until april when he'll be replaced by the former cfo. tesla may be close to the edge financially, and as musk says it probably makes sense to raise capital and reduce risk. but when you consider tesla last came to the market with 9.3 million share back in may of 2016, you're up 41 points since then. maybe the next secondary is going to be a gift. i actually think the stock would have been up today if it weren't for the comments about the

secondary. what's he doing? he's prepping you for the offering. shorts will probably fight for it. and, yes, musk will run the company cash flow negative. however, that doesn't -- he's doing that because he doesn't want to miss out on sames. that's what he tells you. don't sniff. how many times have we heard the fastest growing tech companies say exactly the same thing and we've gone gaga over it. the fact is there's no issue of demand here. we have to take it at face value that musk could sell all 500,000 cars he says he could make next year, including the less expensive model 3 series because we know there's a gigantic waiting list. how long? oops, after disclosing that waiting list before, it creates too much speculation. there isn't anything that musk won't answer. uni unions? very interested in organizing. his plants are the safest. solar city drag. hardly. boosted the bottom line. margins on new model 3? initially horribly negative, but the company is going to be

turning out a total of 500,000 cars next year. who cares? musk has answers for everything, and they work with the public or this stock would have been hit a lot harder today. oh, and mars? no, he's not so interested he'd leave tesla to work on the pending expedition. he says he's staying there forever or until someone kicks him out, although in true elon musk style, he didn't put to bed the notion of merging tesla and spacex. they'd probably cheer it if he combined cars and rockets too. stick with cramer.

one of the reasons why we find such a hard time to selloff, why it's just so difficult is today we got a rotation into health care. johnson & johnson was one of the leaders. rather remarkable to see that group come alive just when you least expect it. also oil service came alive. a lot of that is because of what transocean said. they called the bottom. i don't know if it's the bottom, but i like the fact that that group, which has been down and out, is coming back. so you've got these international companies. you got the oil companies. you got the health care companies rallying, and then you also have the utilities. that's why it's so hard to take it all down. i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money." i'm jim cramer, and i will see you tomorrow!

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