>> i like sell call spread. >> johnny john went down too far too fast. our time has expired. thanks so much for watching. check out action, check out the website. have a great weekend. "mad money" with jim cramer 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 you but to educate and teach. so call me at 1-800-743-cnbc or tweet me @jimcramer. top, top, top! that's all i heard today. miraculously the dow after spending the day deeply in the red climbed back into positive

territory closing up 11 points. that's an 11-day streak of record highs. most of my staff hadn't been born since we saw a streak that long. it nasdaq closed 0.17% up. nevertheless, i think top calling is going to be a constant refrain from here on in after the remarkable run we've had since the election. some of the get out and out calls will be id logically driven. some will be valuation driven. some of them will be plain old, i can't take it anymore driven. i come with this top stuff in a totally different way. almost an antediluvian way frankly. i think about stocks as individual companies and the market a conglomeration of those

compa companies. i do a game plan about individual stocks on every friday. otherwise, it might as well be all about roulette where we bet on black to go up and red to go down and double zero for a crash. if that were the case, i'd simply come out here on friday evenings and read from the gambler every night and then retire when we finish that fabulous novel. although some would say that would be a cruel and unusual form of crime and punishment. doss tev ski stock market joke. i'm not the only one that believes the market is made up of actual stocks. for instance, warren buffett put that thought in many millions of people's minds which is why you want to watch what he has to say

on monday. i'm paying particular attention to what he thinks of some of the portfolio's biggest underperformers of late, namely american express, coca-cola, which seems right now to be on the wrong side of history, or at least the wrong side of the supermarket aisle versus pepsico, ibm, which i think is stirring, but not as fast as anyone would like, including management. and most important, wells fargo where new ceo tim sloan is trying to put the misdeeds in the past behind this once beloved bank, misdeeds that have caused the stock to lag. monday evening we here from priceline and i can't tell you how many times this bad boy has been counted out, whether because of worries about travel and terrorism or fears that vacations will be shelved because of sars, ebola, zika, or just concerns about travel being cut back by changes in immigration laws. each time priceline's model, which is to give you the cheapest vacation possible, has overcome any of these concerns and it should continue to do so

given that vacationing is part of what you do when you join the middle class, and millions of people keep joining it every year worldwide. so the client base just keeps growing. priceli priceline itself is a cautious company, often gives you guidance that freaks people out when you first read it. maybe you buy some before it reports and some after if it does it's typical cold water dousing of the bulls in its forecast. tuesday has got some real tension to it. before the opening for instance we hear from domino's, and holy cow, i don't know if you heard the papa john's conference call this week, but they're talking about a pizza price war putting margin pressure on everybody in the business. domino's was obliquely fingered as the company that's the biggest belligerent in this war. look, i don't really know how much stock to put into what papa john's had to say given that it also blamed the decline in nfl

ratings for its softer than expected quarter. all i can say is price war, what is it good for? absolutely nothing but short selling, and i'm sure that with domino's only a couple points away from it's all-time high, the shorts will seize on any negative data points to take the stock down. just for the record, if you want to send me something, i like the banana peppers and i like the no cheese. yes, no cheese. target weighs in this morning. this could be interesting if that border tax thing is really put to rest. target can beat the already lower guidance, then maybe you've got a good trade to the long side here, not unlike the one that walmart or nordstrom gave you going into their quarters. could happen. then we've got valeant. i told you tuesday has got some tension. if the ceo can tell any kind of good story here, maybe this batter pharmaceutical stock can start to join the rally. i think the president's been spending a lot of time with two of the industries good guys, and they've made trump feel better

about a trump that he roundly criticized during the campaign. that's creating a rising tide that still has yet to reach this valeant boat. maybe papa can change the narrative. two stocks that have bobbed and weaved report on wednesday, best buy and dollar tree. the former has continue the to defy gravity even as so many outlets have faltered when if comes to selling electronics. i'm concerned the street may have run out here. with dollar tree, though, i have to admit i'm warming up to it if only because they source almost 100% overseas. so if there truly is no tax on imported merchandise, no border tax, then the shorts will have to do some mighty, mighty covering here of their bets against dollar tree. play it only with call options. you get a border tax, then you'd have to rename this chain the $2 store. now, there's no way you can make those ray ban knockoffs for less than a dollar in this country. can you tell by the way my dollar tree bans from the real

deal that my pal is wearing in his priceless "mad money" fashion shoot? two jokes in a game plan. anyway, we know that retailing is a challenged sector, but not off price closeout retail. tjx reported a monster good quarter. it took this market a full 24 hours to realize how stupendous that quarter really was. i don't think it will require a full day to reward shareholders in burling stores when it reports. you might thing it's a bad time to own the company since we just had the warmest february in 40 years, but the new burlington sells a heck of a lot more than coats and people love to shop there. the numbers should be fabulous. we also hear from kroger on thursday and i keep wanting to recommend this supermarket chain, but there's too much price cutting to do anything other than hold on to the darn thing and maybe hope one day there will be an armistice day

in the grocery war stores. this week isn't known for tech, but i see two worth owning that report after the close thursday. auto desk, which we profiled quite recently, and marvel technologies, auto desk has had a remarkable run. marvel's moved up gigantically since i've been pushing it. maybe it takes a breather, but you can either win with a takeout or earnings. however, the run up ahead of the quarter has stolen a lot of this stock's thunder. finally on friday, janet yellen speaks about economic growth. we need her to come out and make it clear that march is in play and it's time for a rate hike. there are so many people like me who believe that the economy is gaining steam both here and abroad by the way. so even if we don't see longer term u.s. interest rates going higher, they've been heading down because of tremendous demand for our treasuries worldwide. the fed should still take short-term rates up to stay ahead of a potential burst of economic strength that i feel is coming. here's the bottom line. we've got some incredibly controversial reporting next

week while top callers abound. i say if individual companies report good numbers, they can buck the top-calling trend provide the company reigns as strong as we've seen since the year began. let's go to al in my home state of new jersey, al. >> caller: big booyah, jim, from neighboring new jersey. >> close enough to do the job. what's up, partner? >> caller: very grateful for what you do, your passion. you make it fun. >> thank you. >> caller: thank you. jim, vulcan materials. i bought it at its peak at about 134. it dove like a duck. the analysts are favorable, but with infrastructure spending on the far horizon, do i hold this for a year or two, and could it get worse in a market pullback? >> candidly, i am more of a martin marietta materials plan. i think vulcan has been inconsistent versus martin marietta. i'm not going to recommend you sell this one down because mnuchin gave an interview where it didn't seem like we're going to get those $550 billion bonds

that you know i've been calling for endlessly. i wanted a $550 million make america great bond or alternatively a savings bond, retirement bond. don't give up because i think he's going to do exactly what i have suggested. hey, but i don't want any credit. okay, a little. the dow's record breaking streak, it's impressive but i need you to remember this market is made up of individual stocks. on "mad money" tonight, nearly 80 million people grabbed a ticket to win of this company's shows in 2016. taking a closer look at the experience economy when i talk to live nation just ahead. plus a company that's lost nearly 90% of its value from its all-time highs. yes, 90%. this household name behind this decline, and my answer whether there's any speculating on a comeback. and how does one of the largest real estate names in the country blow the socks off of wall street in the face of such sour trends in retail? i don't know. hey, what do you think of these? my wife picked them up.

cbre did blow off. i'd say you got to stay and listen to cbre and stay 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. your insurance company won't replace

the full value of your totaled new car. the guy says, "you picked the wrong insurance plan." no, i picked the wrong insurance company. with new car replacement™, we'll replace the full value of your car plus depreciation. liberty mutual insurance. hi, i'm frank. i take movantik for oic, opioid-induced constipation. had a bad back injury, my doctor prescribed opioids which helped with the chronic pain, but backed me up big-time. tried prunes, laxatives, still constipated... had to talk to my doctor. she said, "how long you been holding this in?" (laughs) that was my movantik moment. my doctor told me that movantik is specifically designed for oic and can help you go more often. don't take movantik if you have a bowel blockage or a history of them. movantik may cause serious side effects, including symptoms of opioid withdrawal, severe stomach pain and/or diarrhea, and tears in the stomach or intestine. tell your doctor about any side effects

and about medicines you take. movantik may interact with them causing side effects. why hold it in? have your movantik moment. talk to your doctor about opioid-induced constipation. if you can't afford your medication, astrazeneca may be able to help. ways wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business.

with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business. what's the deal with the stock of live nation? here's a company that's pretty much the only publicly traded play on live entertainment. not only do they produce and promote shows, but they own 167 venues in seven countries, including some really legendary ones. on top of that, live nation owns four of the five largest music festivals in north america. they've got an artist management business. best of all they own ticket master. now, live nation's given us a 44% rally since the last time they came on the show a little more than a year ago.

last night the company reported its latest results and today the stock got slammed in response. on the surface that doesn't seem to make sense as live nation delivered a small top and bottom line beat, solid guidance. i wouldn't be surprised if the whole thing wasn't profit taking. however we need to be sure. let's check in with michael rapino, the president and ceo of live nation entertainment, find out more about the quarter and how his company is doing. welcome back to "mad money." >> thank you, jim. >> michael, it's great to have you back. you did it in so many different ways this time. i love the distribution. i just want you to go over for our viewers, it's not just ticketing. it's not just sponsoring. it's not just advertising. artist nation, they're all kicking in at once. it's really producing a great diverse revenue stream for you. >> yeah. we're very proud of our results. you know, we're the market leader, so we've had a few record years already. so to end '16, you know, top line, bottom line, every business metric, market share across all of our divisions, we're ecstatic.

we had a spectacular, record year, and the best news is it looks, sitting here in february, like we're on to 2017 another continual strong year. >> one of the things we've been emphasizing is we're looking for themes all the time so that if a stock does come down but it's part of our theme, we know to buy more. live nation seems uniquely part of experiential slash selfie theme. people go to concerts and they buy merchandise, and they take their pictures and they do their instagram fashion shows. you're getting all that kind of feedback, right? >> yeah. you know, we're biased, but we think we have one of the most exciting businesses in music. everyone loves to talk about the streaming business and who's going to win that. and god bless them all. we have something very exciting. we have 77 million people went to our shows last year. we have demonstrated now 12 years in, year after year growth. we've got incredible tailwinds behind us in terms of this business is growing globally.

19-year-olds from columbia to cape town are going to more concerts than last year. live experience, that two hours of magic is a real kodak moment. when you talk to consumers around the world on what do they want to spend their disposable income on, concert events right up in the top two or three. so we think we've got an incredible business. we've got huge global demand from 19 to 60-year-olds. and we've got a great supply. i mean every artist in the world from a club to a stadium needs to be on the road to earn a living and engage with their fans. so we're very excited. we kind of look at ourselves as a league in ourselves with 77 million fans and 26,000 shows. we have many ways to keep growing and monetizing that base. >> let's stick with that theme. when i tell people i like the stock live nation, i love the fact you have the data bank of names, the salesforce angle. people say wait a second, jim. ticket master, amazon's going to

put them out of business. they've hired this guy. they've hired that guy. amazon's the ultimate ticketer. why should we not fear amazon if we own the stock of live nation? >> right. well, you know, you look at two businesses. on the live nation side, we have 77 million tickets, and we get to decide how those are distributed, right? so we can decide at live nation whether we want to use amazon, ticket master, or stubhub, right? that's one of the unique parts of our business. we control the content as well as the distribution. so live nation will do what's right for the business with its content or its tickets. on ticketmaster, one of the things i've talked about for the last two years when we took over ticketmaster is we need to make ticketmaster really like the saber system of the airlines. we've invested over the last two years in an api to open up our platform. we now have a deal with spotify and facebook and groupon and costco. we've been talking to amazon. we think having more retailers that we are driving kind of the allocation to is great for the

business. you know, 80% of the tickets are not sold out. so we've always subscribed to ticketmaster is the saber, kind of the host platform. but we believe that the retailers like amazon and others can help us sell incremental tickets much like bands in town and spotify have done. so we look at amazon as an additional retail point. we don't consider them a competitor at the enterprise level, and we think they can help sell incremental tickets to concerts and sporting events and more tickets sold helps our bottom line. >> i read a pretty amazing autobiography, back from the dead by bill walton. he postulates he's been to almost a thousand grateful dead concerts. he said the reason why you go to that many is because each one is different. you have such great relationships with these bapds. have you ever thought about the idea of telling them, listen, we don't want cookie cutter. we want to make it so you want to cleveland, then philadelphia,

then boston. please make the shows different because one of the things i find, if i've seen one show in jersey, i don't need to see the group again in new york. it's going to be the same show. >> right. i mean, listen, i think the great part about our business is the artists are spending a lot of money and energy continually reinventing the show. you look at u2 this summer that came out and decided to do the joshua tree tour. we sold a million tickets in an hour. that was a different way to go to the road and do something unique for their fans. i would say we're wildly excited that artists are spending lots of time and energy because they realize the show is the most important element to their career, engaging with their fans. whether it's a spectacular production, whether it's playing classic albums start to finish, or in that case like the grateful deads and phish and some other great jam bands, switching up the set list every night. i would just say to you that we're wildly excited that the concert will continue to be a great experience for the fans

because artists are very competitive and want to continually put the best show out there. >> we see that the numbers are going up for numbers of fans and number of venues you have. how about the idea of just having some huge premiumization? some of these festivals you have, i feel like my kids are getting a bargain when they go to. what would happen if you did a super premium level? >> that's why we had acquired a festival called bottle rock out of napa valley. it's a very high-end festival. it's talking to the 35-plus crowd. much higher margin than a typical la la palooza festival. we think this is a segment in business, and there's a lot of opportunity overall in the premium business, experience business, higher-end business. i think you're going to see whether it's at the concert creating special v.i.p. areas or festivals like bottle rock that are catering to just a 35-plus,

high-end vip experience, we think there's a huge opportunity there. >> i think you're doing a remarkable job. so does liberty media. all i can say is i think the stock is down on profit taking, getting everybody a chance to get in. unique business, right in the sweet spot of experience that we value so much. that's michael rapino, president and ceo of live nation. we've been behind this one for a long time, and i'm sticking there. stay with cramer. >> announcer: coming up, cbre has their name on some impressive buildings. but in the real estate game, what matters more than size? >> any kind of retail real estate that offers an experience that people find interesting seems to be doing particularly well. >> announcer: jim sits down with the ceo to find out, next.

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last night we tried to figure out what's wrong with the ailing rental car industry, specifically hertz and avis, two very challenged stocks. tonight i want to use the same negative prism to analyze another ailing business, the vitamin retail space. , where the two largest publicly traded players are gnc holdings and vitamin shop. for the longest time, at least one of these stocks would be doing well while the other might be stuck in neutral. but then they both went into freefall. gnc, for example, was over $50 in august of 2015 after a major multiyear run. since then the stock's been marching lower and lower. if you look at its chart, it's like a staircase. gnc is now trading at just 8 bucks and change. that is a stunning 83% decline

from that level a year and a half ago. this one has defied endless bottom callers, endless. it has really hurt a lot of people. as for vitamin shoppe, it's kind of a more slow and steady decline. peaked in february of 2013 and for the last four years, it's slowly been moving lower, down to $22 as of today, a 66% decline from 2013 peak. amazing that a 66% decline relatively seems better than the other guy. in short, you know what we've got here. we've got maybe two of the ugliest train wrecks in the entire market. if anything, the vitamin retailers seem to be a lot worse than even the regular retailers although that group enjoyed a bit of a relief rally today because of the possibility that the dreaded border tax that would hurt the sector so badly may finally be dead. so what the heck went wrong with these once so popular vitamin

stores? well, first you need to understand that initially these were beloved investments. vitamin shoppe came public in 2009 and gnc ipo'd in 2011. for the first few years these stocks were considered fantastic growth stories. in fact you made a lot of money if you owned them on the way up as long as you sold them once they started to come down. gnc was seen as a strong recession-resistant retailer with a great understanding of e-commerce and a fantastic sports nutrition business. they delivered terrific numbers quarter after quarter. vitamin shoppe was more of an expansion play on an industry that was already growing. it was a classic regional going to national investment story that peter lynch, the greatest money manager ever perhaps, always told you to look for in a fantastic book, one up on wall street. by the time we get to 2015,

these companies had started flailing. nothing they did seemed to work. business slowed. stocks got obliterated. the reason? or i should say reasons. let's start with gnc because the downturn is much more severe and straightforward and kind of much more surprising because i always thought it was the better run outfit. when things began to go wrong in august of 2015, the vitamin industry was already plagued by a number of worrisome trends. it had been years since they had gotten an explosive new sales driver like fish oil to bolster their growth. product innovation slowing and so the broader industry was seeing flat sales down from 6 to 10% growth in the prior three years. those woes quickly translated to some weak results for gnc as the stock got slammed with bad quarter after bad quarter. then in the fall of 2015, the industry got hit with a real controversy when the new york attorney general's office demanded that gnc and a number of other vitamin retailers, including vitamin shoppe cease and desist from selling -- i

don't even know which is the right one for this. devil's claw supplements. yeah, devil's claw. i had to ask the stuff what is that? that's a plant that's marketed as a treatment for arthritis. if you thought that was the worst things could get, devil's claw, you were sadly mistaken. by the time we get to 2016, gnc just can't seem to help itself and the company starts reporting some heinous sells and earnings shortfalls. they begin aggressively marking down their vitamins to deal with excess inventory. their marketing can't deliver decent results. when gnc reported in april of last year, the guidance was so lousy, so lousy that the stock lost 29% of its value in a single day. then last july, gnc reported another not so hot quarter with decent headline numbers but awful same-store sales. they suspended their full-year guidance, and the company's ceo

resigned on the same day. the response? it tanked another 26% in a single session. fast forward to last october, and this time gnc's headline numbers, they were just as abysmal as everything else. another whiff with a massive 8.5% decline in same-store sales. management told you it was going to improve the retail experience, revamp their loyalty program and boost their product innovation, but it doesn't work and the stock suffers another 25% plunge. finally last week gnc drifted down to the all time lows after reporting still one more massive earnings miss with plans to close 100 stores and the sus spengsz of their dividend. at that point the stock didn't get hurt too badly because you know what? once you're trading in the single digits, there's only so low you can go. oh, and worse of all, the company's balance sheet looks like it fell off the ugly tree and hit all the blanches wranch

way down. $834 million in cash and current assets. i'm saying that looks dicey when you consider the company's anemic cash flow. in short, gnc has done nothing that has seemed to work here, and i got to tell you this seems like one more company that's been eaten alive by, yes, amazon. , where i go to get my supplements frankly. i used to go to these stores. i go to amazon. they deliver it every month. well, you know. who needs to go to gnc store when you can order all the supplements you need online? it's not like gnc is the only vitamin retailer that is having problems. the recent decline in vitamin shop tells you this is an industry wide problem. while the weakness has been less dramatic, many years of slowing fundamentals as opposed to three or four brutal quarters. declining same-store sales, a steadily weakening outlook, and nearly every analyst under the sun has been scampering to down

grade the stock. vitamin shoppe ask getting beat on pricing, on convenience, on product, and on innovation just like gnc as ordinary supermarkets and pharmacies take more and more share from specialist vitamin retailers. why go to the store if you can get most of the stop online or from your local mass market discounter in a cheaper private label form? when i look at gnc and vitamin shop, i see an industry in just incredible secular decline. that's the value trap kiss of death. while both companies have rolled out initiatives to turn things around i'm not sure there's anything they can do to get out of this rut. to me they're having an existential crisis. why should these vitamin retailers live? do they have a reason for being where you can order all the stuff online and it comes right to your house? let me give you the bottom line here. this is a very sobering story. vitamin shop and gnc roared

higher as people became obsess the with losing weight, doing cleanses, but a funny thing happened. all of these formerly niche categories went mainstream and regular retailers started encroaching on their territory. consumers care a lot more now about what they put in their bodies. at this point, i would say don't bottom fish. stay away from gnc. stay away from vitamin shoppe because they lack raise on detre. heidi in iowa, heidi. >> caller: hi, jim. >> hi. >> caller: how are you? >> i'm pretty good. how about you? >> caller: doing well. my stock is constellation brands. yesterday before the close, the stock seemed to be in a free fall after being up for most of the day. i tried to find the reason behind the quick move downward on the internet but couldn't

find anything. i was worried other investors knew something i didn't. today it has rebounded. what can you tell me? >> heidi, what you didn't know was when it was up five, it's because we had a killer national margarita night at bar san miguel. by the way, i bought a round for everybody because i am that kind of guy. people say, who is that old weird bald guy? constellation lives and dies by the border tax, okay? so yesterday when the border tax was -- which is that import thing, was fresh in the news and looked like it was going to win, constellation was down five. today with gary cohn seems to have inmated the thing is dead on aive roole, it was up five. it was an entire play on the border tax. what it should be a play on is how the sands family has built up a position in modelo and tequila and some great expensive whiskeys rise, and i say own it and stop worrying about the border tax. they are not going to make you

import mexican beer from flint, michigan. linda in new york, linda. >> caller: hi, jim. thanks for taking my call. >> my pleasure. >> caller: after reading your book, get rich carefully, i bought some stock in whitewave, and i'm up about 25%. now i'm concerned with what the analysts are saying. should i sell all of it or some of it? >> ring the register. you got the home run. i say now let's find the next one, and may i suggest take a hard look at treehouse. i'm working on that for my action alerts club. we had that fellow sam reed on. i think that the next thing you're going to hear about is private label natural and organic, and they're killing it. that's my suggestion. congratulations for having whitewa whitewave. i feel bad about the vitamin shop and gnc. let me take the weight off your shoulders and give it to you straight. the vitamin retailers have no juice, no mojo.

they lack purpose. still more "mad money" ahead including cbre. find out what propelled that stock higher the day after earnings. then it's time for some accountability to come to wall street. i'm calling out some real bad actors and i'm not talking about the guys who aren't going to get the oscars. and the ca-- first i'm getting pumped up for a tgif edition of the lightning round. stay with cramer. 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 t group.

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back in the beginning of december, i introduced you to a stock i really like, cbre group. it's the world's leading purveyor of commercial real estate services. the idea behind this stock is that cbre lets you invest in real estate without owning giant buildings or buying shares in real estate investment trusts. long story short, while cbre owns some properties, they mainly help real estate investors by proviinvesto investors. i figured the stock would get a lot of love from investors who want some real estate exposure. since that interview nearly three months ago, cbre's stock

has rallied nearly 20%. most of that move coming in the past couple of weeks after the company reported a monster good quarter. let's take a closer look with bob sulentic to learn more about the quarter and what's happening here. mr. sulentic, welcome back to "mad money." >> good to be with you, jim. >> i got to tell you, bob, you hit it out of the park. when you came on, you said things were going. i think people were saying, i don't know. but the fact is you've got strength in almost every market, and asia is leading. around the world, things seem to be much better for commercial real estate. >> well, jim, a couple things happened. number one, we took market share in all three regions of the world, the americas, emea, and asia pacific. number two, the fundamentals in the sector we compete in, commercial real estate services and investment are better than a lot of people think they are. as a result, the combination of those two circumstances alouded us to have a really nice quarter

and a nice year with earnings up well into the double digits both on the quarter and the year. >> well, i think that one of the things that people seem to misinterpret is that when lending was tough or difficult, there really wasn't a lot of building. what happened is you have to buy -- you have to use you guys in order to be able to outsource because it took a lot of special qualities. this is something people realize that companies aren't that good at doing what you do, right? >> we are commercial real estate firm that specializes in doing real estate work for companies that do other things as their primary source of living. so when they decide to get really focused on what they do, operate their buildings and facilities better, operate their buildings more cost effectively, they turn to us, and they turn to us all over the world increasingly. that's played very, very well for our company. >> i thought one of the best examples is today we say jcpenney is going to close more

unanimous 100 stores. you figure do they even know how to close a store? they use you guys when they want to make a real estate move. this is good business for cbre when something like this happens. >> we do a lot of business for companies like jcpenney, for retail companies, but for office, industrial, and other parts of the sector as well. jim, i would say that there's a little bit of a misconception about what's going on in retail also. retail was a very healthy part of the commercial real estate sector last year. rents were up actually more in retail than they were in office space, and we're expecting rents to be up again this year in retail. there just hasn't been a lot of new retail built. occupancies are good. there's some concepts that are playing very, very well. that's been a really good market for us. >> could you tell us, i mean you're absolutely right. i'm sure our viewers are saying how can that be. what are some of these concepts and what makes it so these are more enduring than people realize? >> people want to go somewhere and enjoy themselves. food and beverage is doing very,

very well. but any kind of retail real estate that offers an experience that people find interest seems to be doing particularly well. there's pressure on b and c malls but when you go to the better malls, they're doing quite well. retail around urban areas where there's multifamily occupancy opportunities for living, doing quite well. >> i got to ask you this because you're probably the most intelligent real estate guy i deal with. what's it like to have a real estate guy in the oval office? >> well, i think it's going to prove to be healthy for the economy. that's what we're seeing for the next couple years. obviously the talk about tax rates getting better is helpful. the talk about infrastructure spending is helpful. lower regulation could be really good for a lot of our clients, particularly financial institutions. so we're hopeful that good things will happen. >> one last thing. i did a special on the freedom

tower, world trade center, and the talk in new york was that with hudson yards and with world trade, there's too much space. is it really true that new york city has too much space for demand? >> the amount of new space being added relative to the basis space that's in place, jim, is very, very low. we do a lot of work both at the world trade center and hudson yards and big tenant demand in both of those places. we don't expect there to be significant overhang at all. the markets there have performed really well, and we had a great year last year in new york. and we're encouraged by what we're seeing early this year. >> wow, well, i got to tell you when i read through your quarter, i felt terrific about the whole world. you're doing a lot of great stuff. what a remarkable quarter you had. bob sulentic, president and ceo of cbre group. this stock is going higher. you got to read the quarterly. you'll know exactly why i said that. "mad money" is back after the break.

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>> 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." let's start with jim in florida, jim. >> caller: hey, how are you, jim? how are you do something. >> i am doing well, partner. how about you? >> caller: i'm good. we're live at the daytona 500 and we need the checker the flag. that would be palo alto networks. >> after speaking with chuck robinson i started to get a little more nervous about palo alto and the aggressive way that chuck's coming on in cybersecurity. let's just say not as strong as i felt one time ago before i spoke to chuck. let's go to barbara in new jersey, barbara. >> caller: hey, neighbor from west new jersey. a big booyah to yar, jim. >> skt. >> almost 4% yield, and i think that's the experiential opportunity when you go to those. by the way, in good times and in bad times, bi in, go. kimberly in florida, kimberly. >> caller: first of all, i would

like to thank you for taking my call, jim. i watch you all the time. >> thank you. >> caller: i think you're quite awesome. >> tell that to lisa. she's sick of me. go ahead. >> caller: i have a question for you about sunco stocks. what is going on with the pipeline and should i sell? >> it's got a lot of debt. it's a convo luted story, and i always -- you'll be reaching for yield. i don't want you to reach for yield. i'm going to tell you to not buy, not buy, not buy. i need one more. michael in new york, michael. >> caller: hey, jim. my question is i just got a position on con edison. >> we think it's good. we like the business model. that, ladies and gentlemen, is the conclusion of the lightning round! [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. g-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat.

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to be a top caller is to be a king. top callers never need to be right. worst case, top callers, they're just early. and top calling, like loving, means never having to say you're sorry. those of us who are on the firing line every day listen and watch these top callers with livid envy. we know these cassandras have often positioned themselves to benefit from a decline ahead of launching their warning sirens. many are motivated to drive the market down in order to play

catchup with the averages. maybe they can toss some lighter fluid on a simmering selloff, get a little conflagration growing so they can make their months or even their year's numbers. but their stock positioning and their performance at that moment, they often don't get discussed in conjunksz with their top calls. moreover, it would be impolite to say to a top caller, i have followed your comments for a long time now, and i see that this is your fifth top call during a period when the dow jones average has gone from 18,000 to 20,800. it just seems rude perhaps to point out i have read your investment letters for several years now, and you have repeatedly said this market is dangerous, and you were very underexposed to the market each time. so are you still underexposed or short, and why should we listen to you now? but that's exactly what would be the right thing to do, the right thing to ask. that level of accountability is rarely on display, though,

especially when if comes to interviewing famous hedge fund managers. some of the most quoted managers have hated this market for ages and have sat it out, or maybe they've even bet against 10, 15, 20% rallies with impunity often because in a long ago portion of their careers they were very right, and they made a lot of money. because of that past track record, they're give great deference, deference to the point where a whole class of top callers has been given full-blown immunity from tough performance questions. i can't do anything about the etiquette of that scrutiny. once a hedge fund manager has made a billion bucks, i guess we have to accept that they're probably worth listening to. but i know that if i were interviewing these people, i would hold them accountable by simply quoting their admonitions, public ones, from previous occasions when the market was substantially lower and ask why they got it wrong

back then, and could they potentially be as wrong right now? i don't care if that hedge fund manager gets mad at me or cuts me off or threatens me for bringing up their missed calls. i don't play for dinner. i don't care because i know that many people who are listening and watching are going to take action off those calls. they're going to sell shares in good companies that don't need to be sold because they trust these managers, and they don't know their records or when they called their last top. i think these home gamers would be a lot less likely to sell if they knew all the facts. more important, many of the top callers don't really trade individual stocks. they trade s&p 500 futures, yet their comments will scare people out of the stocks of companies that are doing so well. the top callers, they rarely acknowledge any selectivity. it's the market they hate. but that call then spooks people out of home depot, johnson & johnson, boeing, 3m, so many

other names that simply shouldn't be sold. again, though, top calling means never having to say you're sorry for freaking people out of the best companies money can buy. oh, and just in case you think i'm being too harsh, let me tell you what i do care about. someone who's been very bullish, who's liked many individual stocks and is now selling those same stocks for reasons that are well stated, well articulated, with excellent evidence that we're due for a fall in those stocks. not only is that call valuable, it's news worthy. a high profile bull going bearish is a big deal in my mind, but big name bears continuing to hate rising markets, that's not really much of a headline, but it gets a lot of mind share. so top callers, knock yourselves out. have a field day right here. you'll get the run of the joint regardless of what i think or say or what i do. but remember you may be hurting people's chances to get wealthier, and that does matter, at least to me. letting people get wealthier.

i think you owe them the truth about your previous prognostications. the question is will you ever be made to own up to them? i doubt it because in the end, top callers have never been wrong. they've just been early. stick with cramer. ♪ why do so many businesses rely on the u.s. postal service? because when they ship with us, their business becomes our business. ♪ that's why we make more e-commerce deliveries to homes than anyone else in the country. ♪ here, there, everywhere. united states postal service priority : you

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stay focused, people. i never abandoned nvidia. i just told you you had to let the shorts do their nasty work. the stock opened down big and then reversed. nvidia is fine. the fundamentals are fine. how about better than fine? that's what foot locker is. that was an amazing quarter. it looks like someone's doing business in the mall. i guess when you go in, it's just like everyone's going to foot locker. what's selling there? nike. i think at 57, that stock is a bargain. of that whole co-hortd, now that we may not have a border tax, nike may be the best senior growth stock. 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 monday!

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