>> soon. >> oh, march. >> march is now. >> what's my final trade? funny you should ask. >> acm check it out tomorrow. >> thanks for watching. she you back here tomorrow 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. >> hi, i'm cramer. welcome to "mad money." 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 you so call me or tweet me @jimcramer. all right. i'm sick and tired of hearing people spout nonsense about how this whole bull market, i'm talking about the fabulous 255%

rally, since we hit bottom eight years ago today, is all the result of the feds' easy money policies. the other day when the dow gained points, nasdaq crept up a tiny point with 2%. i think it's worth spending some time together debunking that canard because it's a bogus story that casts the entire move as a castle in the sand that could be washed away by the wave of the feds impending rate hikes. look, if you really believe that this epic multi-year increase was all about the federal reserve, as so many do, and not about the companies and the ceos and the people behind them that you invested in, then right now you should be scared out of your wits, no doubt, given that we're probably going to get a very strong employment report tomorrow which will allow the fed to start tightening, most likely tightening fast. the fed aggressively cut rates during the grease recession because it wanted to entice our

country into doing more business and it did it. so let's move on to something more befitting a growing economy. i agree with david teper who came on cnbc squawk yesterday and told us that it wouldn't be so bad for the fed just to declare victory. at least that could keep some of the people who believe the claptrap that all of our gains were caused by the ultralow interest rates from dumping their stocks. >> sell, sell, sell. >> but maybe the best thing we can do is show you what actually led the market so you know how some of these fabulous gains were made. i defy you to lay any of these moves at the fed -- at the feet of the fed, except the last one. let's start with the number one gainer in the s&p 500, a company called incyte which is up a stagger 6600%. it's one of the great unknown companies of our time, a pioneering immunotherapy play.

the only way the fed could be responsible for this one is if former fed chief used his spare time to tinker in their lab. now, i would have to -- i have to admit. i got to as asterisk this company. it's a $25 billion enterprise and as i've been saying for ages, i think incyte remains a terrific takeout candidate for a drug company that needs a better cancer franchise, maybe like aztraneca or bristol meyers. the second best performer is frequent "mad money" guest united reynolds with a stock up 3900% in the last eight years. did janet yellen come up with the bright idea to roll out a bunch of heavy equipment rental companies because it's cheaper to borrow a caterpillar tractor? call me crazy but i think ceo mike nealon should get the credit for this company's

brilliant m.o. our first guest almost 12 years ago was len slief, the ceo of regeneral ron, with a stock that has rallied since the market bought him. i love the idea of low interest rates. in fact, they've created a whole class of fine acting stocks. they're called bond market equivalents. like consumer packaged goods place, real estate investment trusts and utilities because they have good dividends. but len's super high groeft dividendless isn't one of them. this biotech company create add drug that can treat age-related macular degeneration via a once a month injection right into your eye. sounds horrible, right? well, it replaced the existing treatment where your eye needed to be injected once a week. 12 injections to the eye versus 52, maybe there's some universe where you can pin that on easy monetary policy but it seems clear to me that's all about ingenuity. then alaska airlines.

nothing like a niche airline that knows its business and its market better than anyone. we've anointed alaska air as the best regional and i think its acquisition of virgin america will make it the ultimate west coast powerhouse. did the federal reserve delve out those gates in san francisco's airport? we know from the critics of low rates that the fed is all knowing and all seeing and all manipulative but i don't think they pulled the airport strings. next up, we've had steve holmes on a bunch of times and when i saw wind hamm worldwide up 2560% it made me proud that we had interviewed him early on in that run just like with len from regeneron. steve has that asset lite moelt business where he franchises and manages what turns out to be pretty scarce rooms. yeah, there aren't that many. speaking of scarce, there were 178 shares of wyndham, now they're 108 million. what a buyback, what justifiable

conviction. six. all right. well maybe we got to puzzle over this one. number six is netflix. you think the fed at one of those off the record meetings they have where you don't know what's going on, one where they haven't released the transcripts yet, spent some time brainstorming and came up with the idea it would be fantastic to have an internet platform that you could binge watch tv and movies or are you a deluded fool like me that believes that founder and ceo reed hastings actually thought of netflix himself. how can you not credit the fed with most of that gain because they created -- didn't the fed create "house of cards"? how about orange is the new black? luke cage, maybe new cramer favorite black mirror? number seven, priceline's not getting its due as a great company because it's largely used by foreign travelers. you can't make your price for rumored seat on a plane, can

you? of course you can which is why the stock is up over 2100% since the bottom and i think it goes much higher. the fed minutes show nothing about creating priceline. maybe the transcripts will show us oirs. eight, it's cbs. yep, ceo has tone a great job here with excellent programming discipline. all which has given his shareholders more than 2000% gain. i get a lot of fed members watch cbs. ben bernake did go on cb to say he was drawing a line in the sand and there would be no bank failures in this kbaen. but try as the all fed all the time people might think, i do not think bernanke using 60 minutes counts as a fed drive game. you could argue cbs deserves some credit. next, coming out of bankruptcy is not something we're used to seeing but american airlines has pulled it off. i'll give rhett kret to the

government for some of that because the regulators did allow so many of the major airlines to merge into one fabulous oligopoly, unless you're a traveler. number ten is a genuine fed member, nearly 1009% gain. i don't know if fifth third would have actually made it in its current form if the fed hadn't put its foot down and said, enough is enough. so let's spot fifth third, call it good old free -- call it good old free market american meerng, nine, federal reserve one and can we leave it that at? here's the bottom line. despite all the chatter about how we need to say good-bye to the aging bull because the fed is about to start tightening, i say hold on. nine out of the ten biggest success stories since the bottom really didn't need the fed and i bet the same will be said for the next generation of winners eight years from now. nasir in pennsylvania. >> hi, jim. want to thank you and your staff for all you do.

>> staff makes me look good every day. >> caller: congratulations on the eagles getting alshon jeffery today. >> thank you, howie lowsman, thank you jeffery laurie. we got to update this. 12 soon. >> caller: i'm a young investor in my early 30s, i'm looking to stay diversified. i had once known a best of restock in bristol meyers but i exited after losing all confidence after listening to the last conference call and i'm looking to consider adding johnson and johnson when i think you would say -- and i want to get your long-term outlook and at what cost should i enter, wait to pull back or get in to disposition. >> first of all, the ceo is an eagles fan who happens to live near philadelphia and that makes him dynamite. may i second say that rally is unbelievable in j&j and when the president tweeted against pharmaceuticals you had to go bye-bye bye. and third, i think you got horse sense. it's going to be a long-term

franchise. they got a aaa balance sheet. it's hard to find and then fourth, yes, thank you for that fabulous comments on the eagles and howie and all the great things that the franchise did because holy cow, we're going to have to start the show early on those thursday night games. greg in texas. greg! >> caller: jim, booya from houston. >> you made a trade too. what's up. >> caller: i want to get your opinion on cxw, largest operator of private prisons in the country and the stock has a nice 5% dividend deal. >> we think it's had too much of a run. now, we are not as bullish as everybody else on this corrections business. we think that the stock got ahead of themselves. i don't want you to buy it up here. allen in texas. >> caller: hey, jim cramer, how are you? >> how's it going? >> caller: doing well. so, i have a question today about urban outfitters. and whether -- uh-oh. so, the 52-week low close yesterday, what are your thoughts, buy, sell, or hold.

>> what was the stock there? your broke up. you're in the back-up audio. what was the stock? that's a term. which one? urban outfitters. oh. no, you got to stay away. that score is a tough call. they're doing not so good in direct to consumer, not doing that good in bricks and mortar. unhappy with that call a year ago. i thought this thing was coming up great. though, we're going to have to stay away. let's go to adam in pennsylvania. adam! >> caller: booya, greetings from your hometown, philadelphia, p.a. >> holy cow. here we go again. this is like the greatest day ever. i thought you might be from pittsburgh. alshon jeffery, tory smith, go ahead. >> love philly. my question is about realty income trust. >> letter o? >> caller: letter o. they did a secondary stock offering on february 28 at $62 a share. retired some old debt, issued

some new debt, stocks now down to around 58. >> i wish they hadn't done that deal. i knew that deal was going to kill the tightness and really hurt the stock and even at 4.4, i really prefer you to be in aep. i did not like that deal. let that go to 4.6 before i buy it. did janet yellen get everybody to stream norcos? i don't think. so was ben's appearance on 60 minutes worth the stock in give me a break. don't pack up your portfolio just because the fed's leaving. it's not behind the market's biggest winners. there's some nasty weather coming out of way. perfect excuse to have columbia sportswear on the show. what could a new tax scheme mean for this stock and wait until you hear what the company is stuffing into its new line of coats that is setting it apart from the competition. plus oil just hit ilts its

lowest level since december but there's a big number lurking that could be cause for concern and a tech giant that experienced some swings. i suggest you stick with the eagles and cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer. send jim an e-mail or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. ♪ 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.

here on the east coast it's been one of the warmest and shortest winters on record. there were only a handful of days that required you to break

out your boots and the weather's been pleasant, one of the upsides of global warming perhaps? but while mild winter is great news for you and me, it's terrible for the apparel makers that rely on cold weather. some of those companies have made the argument they're more in control of their destiny than others might think. take columbia sportswear, they're behind a number of brands. a big chunk of their business comes down to selling high-tech coats that can keep you warm without making you all sweaty as well as boots that allow you to feel -- your feet to stay cozy when it's freezing out. this stock had a nice run. had a fabulous move in january and february. so far, though, 2017 has been a little different, stocks down 5% year to date. got to wonder how much of this softness is because they're hostage to the winter, how much has to do with worries about congress passing a border adjustment tax. we do know that when columbia

sportswear reported a month ago, company posted fairly robust results, 10 cent earnings beat. despite revenue up just 3%. company also giving solid full-year guidance. the stocks soared in response. so are these guys actually in decent shape or are people right to be worried about the warm weather? let's take a look with tim boyle, the ceo of kbiebls kbiebls. welcome back to "mad money." >> great to be here with you. really appreciate you inviting me. >> i am holding up a fantastic new raincoat that i think says that this company's technology company, i should stop worrying about the weather and start thinking about innovation and why tim boyle has come up with goods that we need regardless of the weather. >> i wish i could take credit for all the great stuff that's been done for the company but i think what you're holding up is one of our ecojackets. it's really developed by the guys who run our innovation

department and you know, there's so many brands out in apparel and footwear, we really have to differentiate ourselves and with columbia, we've done that with innovation so the guys decided, hey, let's make the part of the product that works, the membrane, on the outside of the garment where we can put it to work, repelling water and really keeping water out and make the textile product, which is the carrier of that membrane on the inside, help it to breathe so this is really an opportunity for us to make much better product, perform well and be quite different, frankly. >> when i hear about the dry and i hear about rei award for best product, what i say is, i know you can't triumph totally over the wealth but a middle single digit guide could be in part because you have the better mouse trap. >> i appreciate that. a lot of what we do globally is impactful. we've talked about the company's missteps in the past, especially in europe where we've performed poorly and we've really got that

business turned around now. the team there has done a terrific job and frankly, not that wall street gets a little myopic but if it snows in new york city, our skrr price goes up. >> you've also done something that i think a lot of companies only wish they could do. the rei partnership with hip hop music artist maccal mor, 40 million impressions, numerous placements, these are the types of things we expect from a giant, nike, but you guy haves some form of cool that people really want to affiliate with. >> well, we were very fortunate that mecklemore found our products interesting. he's a seattle guy. he uses the stuff. he spends time outdoors and frankly, we try to find things that are more connected to our products than maybe just the any kind of basketball player or football player and really our deal with disney, with "star wars," you may remember that. that's going to be another way to differentiate the company and promote our products along the lines where others cannot do that. >> i want to make that clear.

he liked the product. it wasn't like you paid him $100 million to wear it. >> no, no, i mean, this is a guy who's very connected to the outdoors. if you've seen our video on youtube with him talking about growing up in seattle, spending time on mt. rainier, learning how to be an outdoors guy and really came together with us and said, this is what i like to do. i'd like to help you guys promote this product. >> well, that's unique and what's also unique is that in your conference call, you bring up that you were the 49th largest payer of u.s. import duties and how bad it would be to have even more import duties and what it would mean to have a border tax. i think i got to give you the floor here for a second because you're the most coherent, really, expert in what this could mean for a company here. >> well, i appreciate that. you know, we're a company that's all about trade. so, we have over 40% of our business is outside the u.s. any time we talk about these things, which frankly would be

very bad for u.s. consumers, very expensive, we start talking about doing deals with other countries where we're doing business, we're going to get retribution. this is going to be bad not only for the consumers in the united states but it's going to be bad for companies that do business internationally because we'll all be punished. >> now, one of the things that you have done, i like what you've done in europe but i like what you've done to direct consumer. it seems you've realized that maybe the whole brick and mortar world and i can't blame you with the gander with the sports authority and, geez, with the guys at easter mountain sports, you've kind of just had to take matters by your own hand, right? >> well, it really shows the power of the brand, frankly, that consumers are willing to come to us directly but we've always said, listen, we're a focused company on doing wholesale business. we have great wholesale customers globally, great customers in the u.s. but we're not willing to do anything to grow. we have to be very measured which is why we really can

compliment ourselves on our ability to extend credit because at the end of the day we're almost a bank for some of these retailers and we want to make sure that when we do business with a retailer it's because we can utilize our strong balance sheet and their existing frafs to help sell our products but we can't do it with everybody and we have to be very careful about how we extend credit. >> sometimes i feel i don't talk enough about prada. i see what you guys are doing and it's a lifestyle brand that i think could really, well, it's -- it could be a big -- much bigger brand than it is right now. >> i agree. in fact, we think the opportunity for prada is extensive, primarily because it's so heavily women's and as you know, women spend more money on these kinds of products than men but there's enormous opportunity for us internationally. we haven't taken advantage as much as we should but frankly, that california lifestyle extends many places in the world where i think we can really do well and the product is terrific, for sure. >> well, congratulations, tim.

in my opinion, because you're too humble, you have triumphed over both the environment, the actual weather environment and also the brick and mortar environment. that's tim boyle, the ceo of columbia sportswear. here aes a technology company that's also until the clothing business. "mad money" is back after the break.

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for less than you pay at the store. get $30 off at blueapron.com/cook looks like the big specters got it dead wrong again. i'm talking about the oil specters who, according to the commodity futures trading commission, are about as long and therefore as wrong as they've ever been. going into this huge blow-up in oil, large specters, meaning money managers, were holding a net long position of 525,000 futures contracts betting on a big spike in the price of crude. wow. they've been smoked. according to carly garner, the commodities expert who's the cofounder of dicarly trading, this position far exceeds the net long position specters had prior to the massive 2014 decline. royal fell from 110 to the 40s

in a matter of months. no wonder oil's been crushed. the betters, not the producers but they just got it so, so wrong and they are panicking now big time. the question is, will we have the same kind of sell off we did back then when it seems kind of endless. i know. carly thinks that the odds favor decline to the multiyear trend line of $47.50. that's a decline of $2 from here. but we could touch $44.30. it's bad, not that catastrophic but quite a ways down. me, i think that the oil producer spigots will get turned off as we approach those levels, and it will become the same kind of self-fulfilling bottom we've seen over and over again. there are so many factors swirling around the oil market right now, truly a global commodity. is opec taking a lax attitude to the production freeze? do the russians need more money? is iran going to cheat with president trump now in charge of u.s. foreign policy? a man who told me in an interview that he despises opec, are we going to open more fields

for drilling and an epa chief, swot pruitt, who was former attorney general from oklahoma sued the epa more than a dozen times in an effort to limit pollution enforcement. will our own drilling keep prices lower than we would otherwise expect? but perhaps the most important issue when it comes to these specters is the heavy inventory currently in our system which rose by 8.21 million barrels to 528 million warl barrels. that's the largest since the recordkeeping began in 1982 and that's what's driving the mass liquidation in the futures that we're currently seeing, which drive the price of oil down. the specters must have believed that opec would starve the market and we'd stop producing at levels that weren't economic. they're wrong on both counts. i don't think opec is cheating. but i also don't think that it's voluntarily holding back more oil than it should and in our country, the spectacular drilling advances have lowered our cost for the best operators using the best service companies so how can oil ever bottom? how can we not shoot down to the 30s?

i think this is actually another technology question. when oil was in the 50s, we saw many of our savviest producers selling crude furiously to raise funds for drilling plans. now, though, with oil in the 40s, which is break even for a lot of our producers, many companies will shut down their production for all but the best parts of the premium and the lucrative patches in oklahoma. the technology is so good that in two years time, our companies can cut back on a dime. that doesn't mean that good oil properties won't trade. this morning, marathon sold its canadian oil stand subsidiary and plowed 1.1 million into the permit. pe 70,000 acres including 51,500 in the best which is the delaware basin. i think that's a sign you still want to be buying stocks in companies located there in the permian as the service companies and pipelines beingth built the too intrigue b me. i would use this break to do exactly that which iso what wee told club members of action ct plus.com on my conference call yesterday and as my partner from the morning, carl quintanilla tweeted this afternoon,

shockingly the oil stocks worst performers since the election. i'm wondering if the nasty decline hasn't run its last course, but let's give a tip to carly garner predicted this mini crash in late january by a buildup of a classic off the charts segment of the speculation going on. going forward just remember that when we see so many lemmings leaning to one side of the ofsp trade, it's best to run for the hills and t take the other. let's go to richard in new york. richard. >> caller: jim, i'm a long-time viewer and i appreciate all of your insights, specifically latelysi regarding very high dividend yielding stocks. >> thank you. >> i'm interested in energy transfer partners symbol etp for big cash dividend and for some capital appreciation. with the flux in supply and demand and the prices of lng, lngl and oil, and the resumptioo of construction of the dakota access pipeline, i'd be interested in your position on sustainability of their dividend and when you think there is a buying opportunity. >> i would love to be able to recommend that stock with 11%

yield, but i've got to tell you it's kelel si warren, who is th ceo, and he's much too big a gambler for me. he takes way too much risk. and for that i don't think they'll be enough reward. he is not my style. let's go to vince in florida. please, vince. >> caller: booya, jim cramer. >> booyarks. >> caller: i'm calling about freeport-mcmoran, we spent the last s couple days below the 200-moving day average. we have a contract dispute in indonesia and miners on strike, is it time to buy more on valuation. you, vince, thel indonesia issue really just crushed me. i thought we had a real breakoua here and i like copper, i like worldwide growth. and i doik i have to tell you a 12 i would be willing to buy it long term. but that indonesian contract stuff, when is that going to go away? $12 i think it's okay. it's not going to roar like i thought it would because of the contract problems. how about tom in virginia?

tom. >> caller: dr. cramer, what's up? >> i don't know, how about you? >> caller: great. i've been tracking a stock for a few months now and most analysts have high hopes but it's been steadily declining, tech resources is the stock. at what point do you think this has bottomed out? >> you know, i know that this is going to sound like some sort of a fad thing, but i think teck had its day.it i mean, this stock ran up to 26 from where we recommended delivering alpha. we had -- david faber and i interviewed very good manager, recommended it,r, and the stock just t soared. and i think, you know what, teck, t-e-c-k, it had a great game and it's time to move on. sometimes it pays to go against the crowd, nowhere is that more evident than in the oil market. but if falling prices have shown us anything, it's the top players in areas like the permian that are right place to be. and then you can actually buy down here. boy they've been crushed. plenty more "mad money" ahead.

what's ahead for tech data's second act? i'll sit down with the ceo of this exciting company. and the bull market just turned eight years old. tonight i'm ripping open your portfolios to find out, but first we're going coast to coast taking your calls in a rapid fire edition of the lightning round. so stay with cramer. so stay with cramer. tomorrow, kick off the trading day with "squawk on the street." street." >> we got to go, david, but you're just dead wrong. >> it all starts at 9:00 a.m. eastern. eastern. you always pay

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all right, what the heck is going on with the stock at teck data, one of the wholesalers, yesterday the world's supermarket of tech i like to report, appeared to be a mixed quarter, stock plunged. but then today upon further review tech data turns around and raises the vast bulk of yesterday's losses rallying.

which verdict is right? okay, first of all the quarter was actually pretty solid. tech data posted a 28 set earnings beat off a 2.17 basis. even as sales came in a tad lighter than expected down 1% year over year, a lot of currency issues here. what threw people was the guidance or specifically lack thereof. company said it wouldn't provide outlook for next quarter or fiscal year because of a huge acquisition and apparently it was too soon to accurately crunch the numbers. though management reiterate this deal provide big boost to the company's earnings, which st what we care about. the lack of guidance and weaker projection for the whole industry environment spooked a lot of investors out of the stock. but then this morning the analysts who cover tech data at needham upgraded saying creates a buying opportunity with company with unprecedented execution. unfortunately the window closed pretty quickly. i think this is a situation where we got to dig deeper. so let's check in with the long-time ceo of tech data, learn more about the quarter and

his company's prospects. welcome back to "mad money." good to see you, bob. >> how are you? good to see you. >> first of all, let's not bury the lead. the operating cash flow was $650 million and incredible number and shows me however big the acquisitions you can pay down the debt pretty early for it. >> yeah, we hope to get that debt paid down in the next 18 to 24 months. and our goal is to keep our investment grade rating with the agencies. they understand our plan and we've reviewed it with them and comfortable with not only our debt but the plan to pay it back. >> the reason i start with that is because the acquisition you said was already accretive. what it tells me is for very little money since you've been able to pay down you've been able to get a footprint in asia and dominate where you were going head-to-head on at least 20,000 clients. >> the other thing the acquisition helps us do is balance out the europe and american footprints. >> yes. >> if you recall we used to be 60% -- >> 64%.

>> which is kind of not what fortune 100 companies look like. the acquisition balances that and puts us in asia pacific. >> right. >> so it ticks a few of the strategic objectives our board set out when we thought about finding a transformational acquisition like av net was. >> one of the things i think people got confused on the call is you said the industry could be flattish. you did not say tech data would be flattish, but i was surprised given how europe's coming back kind of, asia doing better, you didn't expect for more i.t. spending in the fiscal year. >> one of the things we have the privileges of being partners with the titans of the tech industry. >> apple, emc, hp. >> if you go down that list and average them all together the kind of quarter they reported recently and outlooks for the industry going forward, it's flattish. so your earlier point is key, jim. there are pockets of strength inside i.t. spending. >> right. >> the cloud is growing double digit. >> yes. >> in the tech data environment our small business arena, smb

has grown double digits nine quarters in a row. so we find those pockets of strength and that's where we focus. >> but i guess consumer electronics, i mean, just not -- 3%, consumer electronics just not going anywhere. >> yeah, we invest sporadically in consumer electronics. our real strength is in the i.t. side of the world. but it's interesting because, you know, in the long run those lines are blurring between what's a consumer product, what's a business product, what's an enterprise product. and that's part of what we tried to accomplish with the acquisition of technology solutions is to blur those lines and build an end-to-end distributor. we like to say from the living room to the data center. we think that's a very defendable position for us to have for a long time. >> right. i will challenge you. i think that's going to grow better, but that's my own predilection because i think the world is doing a little better, but yes, you know your end markets. you know the clients. >> yeah. >> i hesitate to challenge you on it. >> and the beauty of the tech data models, if it grows, we can scale. >> yes. >> and keep our cost structure consistent. and so therefore that's when we

have these kind of large performances for a quarter. >> you emphasize several times that you're the third platform technologies you're focusing on, could you explain that to me? tech data is not as simple a story as it used to be, okay, fair enough? >> yeah. >> and third technology is coming up is i want people to understand what that means for you. >> so technology has emerged over time. the original manifestation of technology was the mainframe, that was the first platform. and then the pc was a second platform. had a nice run in computing and expanded to reach lots of people. the third platform are these new emerging technologies like converged and hyperconverged, like the cloud, like mobility, like big data and analytics. and all of it is underpinned by security. and so those are the areas that we believe that we need to make substantial investments in because all of the data says for the next ten years that's where the growth in i.t. spending is going to be. in those areas. >> one last thing, i circle back

to the operating cash flow. it would have been natural for me to say to you would you do a giant equity offering to pay down debt, but it sounds like that is not what's in the cards. >> no. we're just going to use the operating cash flow of the business to be able to pay down that debt. and we're very comfortable with our ability to do that. >> why do you generate so much operating cash flow? >> you know, it's a combination of a lot of things. we buy and sell and the terms that we get on the buy and the sell. you know, you also have to look at all that cash flow as a moment in time. >> that's fair. >> versus a running average. but suffice it to say tech data model does throw off cash. >> right. >> so therefore that's why our board was comfortable to lever the business up. >> right. >> make the acquisition. because we knew we were going to be able to pay that back down. >> you know that's why i'm a huge supporter of your stock. this is a great time to buy. i wish we had you on last night before the upgrade, but this is a terrific, terrific acquisition you made. that's bob dutkowsky, you can go

through the notes but this acquisition i think is going to turn on the jets for later in the year and you need it because you heard things are flattish overall in the industry. "mad money"'s back after the break. break.

lightning round is sponsored by t.d. ameritrade. it is time. it's time for the lightning round. lightning round is over. are you ready, time for lightning round. i want to start with greg in new york. greg. >> caller: baa, baa, baa booya, mr. cramer. >> nice. >> caller: i was wondering, is it time to pull the trigger on macy's? >> no. we don't want -- we're trying to really cut back on retail here. really cutting back. just not where i want to be. let's go to sal in ohio. sal. >> caller: hey, how you doing there, cramer? >> all right. how are you? >> caller: i'm doing okay. let me ask you a question. >> all right. >> caller: have you ever heard

of a newly capital management nly. >> yeah, the founder of it -- the late founder of it lived a block from me. i'm getting comfort they're doing well, but you know what, i don't like to reach for yield. i talked about that the other day with frontier. so i'm going to take a pass on it. let's go to dan in ohio. dan. >> caller: booya, jim. >> booya. >> caller: i'm calling about camping world. >> i don't know why that stock got hit so bad. i thought the quarter was okay. you know, honestly i was going over that with david faber, we thought, geez, it looks like a good number. maybe the stock's been up too much. let me make some more calls on that. we know of course that's marcus lemonis, it was a good number. i didn't get why the stock was down so much. let's go to brad in illinois. brad. >> caller: hi, jim. long-time fan of the show. first i want to thank you for all the years of great advice you've given out. >> thank you. >> caller: my question is, i was

fortunate enough to recently take a position and applied opta electronics. >> monster. report tonight you could say is going to hurt these stocks, i got to find how much overlap there is with this stock and finisar, it's down so much it's shaking people out of the optical. let me find out the overlap and i will come back. let's go to billy in new york. billy. >> caller: how are you doing, jim? >> i'm doing good. how about you? >> caller: staten island booya to you. >> there you go. what's up? >> caller: i was wondering if you like -- wireless. >> it's had a big move. some of the big moves in that space are really being shelved. i would be careful there and take some profits. let's go to matt in illinois. matt. >> caller: hey, cramer. just wanted to say i'm a senior in high school, read your book and watching your show. >> holy cow. >> caller: thank you for the information you've given to

young investors like myself. >> thank you very much. keep reading. tell some others about it. that's terrific. how can i help? >> caller: real quick to my twin brother mike and my question is about anet. >> you know, my hat is off to jay who runs that company. that was a monster quarter. i mean really one of the best quarters in tech. she is doing a remarkable job. there's no reason to sell the company. i think that company has a lot more runway. honestly. and this is not to denigrate cisco, which my travel trust owns and chuck robbins is doing great, but they can co-exist. arista is doing well. don't sell this share. let's go to steve in florida. steve. >> caller: top of the day to you, jim, and thanks for taking my call. >> of course. how can i help? >> caller: i don't own a semiconductor stock in my portfolio. been recommending mrvl ticker symbol. >> marvell technologies, they

had a great quarter. that company could be taken over earns at least another three or four points earnings. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by t.d. ameritrade. t. so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade

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you name it. high quality companies can be found in many places. in fact, you need to have that kind of variety if you want to protect yourself from the hiccups along the way. that's why we play my diversified. we haven't done it lately. you give me a call or maybe tweet me, tell me your top five holdings i'll let you know if your portfolio is diversified enough. maybe you need to do some more work. up first we have a tweet who wrote, @jimcramer, thank you. okay. so this is entertainment, this is sports, this is drugs. these two -- these are way too close to each other. twilio and nvidia. we like twilio, we talked to jeff last week in san francisco, but we're going to keep nvidia because the stock has been hanging down and the shorts have been trying to keep it down. we'll trade off twilio and we'll give this a little more yield. we'll put in verizon, which i think is actually doing well

under 50. i think it's a good price. let me be sure. if it's north of 50 i don't want it. 49, perfect. 49 we get 4.6% yield. that's fine. we'll sit. let's go to vonn in nevada. vaughn. >> caller: booya from las vegas, nevada. >> getting a football team. >> caller: when are you going to come to do a show from here? >> i'd love that. vegas. >> caller: i've got a new one for you. i know i'm not diversified and i need your help. >> okay. that's fair. >> caller: okay, my five stocks are facebook, apple, alphabet, priceline and starbucks. what do you think? >> all right. all right. yeah, you got the anti-diversification thing going there. by the way, starbucks, we sent a know, we know the quarter's weak. we don't feel it's going to go much below 52, 53, but we're cognizant, all right, maybe a clear on the conference call. so we have a restaurant, we've got a very good technology company for travel. but we'll call it in the travel.

and then we've got three together, my travel trust owns all these and i like them so much. this is very difficult. but we will keep apple because otherwise we'll send the image that we're willing to trade it and not own it. that's not good. we're going to have to swap out google and facebook. i'm kind of on a jihad to get yield, you don't have any oil, we'll put midstream partners a good 4.4% yield and over here we need some health care and i've been looking at united health, unh coming down here off the health care plans, that's a nice bounce. some stocks i've been eyeing i think are at the right price. frank in new jersey please, frank. >> caller: jim, booya. >> booya. >> caller: love your show, jim. >> okay. do we have the five? >> caller: 3m, hp, hpq --

>> okay. you know we're going to have to split some of these up. sirius, i like sirius very much. i've liked it for a long time. i like the revenue stream comes from cars. qualcomm, technology, technology, technology. uh-oh, we're in trouble here. 3m doing a terrific job. keep sirius, keep 3m, i'm on the fence about prefer hp doing a better job, we'll keep hp, we will diversify away from this. we'll go with health care again use that unh and keep with more yield with the verizon because, again, i'm seeing these yielders come down and i'm getting very, very tempted. wow. a lot of work had to be done, but that's okay sometimes. sometimes it's the right thing to do, spend some time. stay with cramer. stay with cram. to win, every millisecond matters. stay with cram. both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere.

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

>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ my name is stephan aarstol. i'm 39 years old, and i live in san diego, california. i've always been what you might call a-a geek, you know, i got good grades, i was on math team. i've kind of always played things by the book. coming out of graduate school with an m.b.a., uh, you're sort of groomed to go in a--a certain direction towards really corporate jobs, management consulting type jobs,