her brother is like nine-years-old, watching the video, astorable. adorable. >> jen gus. >> genius. >> kellogg's, back to you. >> i'm melissa lee, thank you for watch, see 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. hey, i'm cramer. i'm jim cramer, welcome to cramerica. my job is not just to entertain you, but to educate and teach you. talk about a dickensian moment.

263,000 jobs, that caused the averages to roar higher for most of the day. but then the federal reserve threw cold water on the whole market. yep, when the fed minutes from a month ago were released, we saw that they talked not about the economy being strong, but about stocks being too strong, it was almost as if the fed was saying that the stocks had gotten ahead of themselves so they had to take away the punch bowl with some stock bad mouthing. paul ryan came out and said that tax reform will take longer than health care. what's longer than never? put it all together and the averages only went into a tail spin, erasing our earlier gain, causing the dow to close down 41

points while s&p lost.31% and the nasdaq sank .58%. the fed signaled that maybe things aren't as great as the bulls may think, which sent markets plummeting. that's why i have to stress displadi discipline. at 1:59 at the top of the session, it went on for about five minutes, it looked pretty frosty. since we have got the labor department's employment number coming up on friday, and if that number is as strong as the jobs number, we could have another -- things could be a lot worse and maybe we need to take the possibility of bad news

seriously. the thing you need to understand is that the market has a very different attitude than it did six months ago. these days we want a strong economy, rate hikes and a low fed. most investors were actually rooting for bad news. why? they feared if we got some decent economic data, the fed might raise interest rates and in those days, rate hikes could send us into a deep recession. we need to see employment stall, we actually rooted for lower wage growth. oh, man, we're just negatives. we wanted to see slack in the economy so the fed would stay on hold, really buy more tooks that would give us more income than bonds, those trade trusts, utilities, those consumer products stories. classic good news became toxic, bad news was beautiful. go back to 2016, when the fed

first raised rates a quarter percent. china looked like it was in trouble, time to raise rates, commodities were getting clobbered, not a time to raise rates. threatening everything from emerging markets to energy producers, both large and small, so even the largest banks up to the gills and potentially spoiled oil and gas loans, in other words the fed had moved too soon. we spent years saying that the fed was going to tight on at the wrong time. after that fiasco, as we knew that as long as the fed remained week, the market could stay on hold. parting with ventas and clorox and kimberly clark, then as 2015 went on, the market started to rally. maybe one day soon, we would

actually be able to handle a rate hike. this is when most prognosticators like hillary for president. out of nowhere, donald j. trump, possibly the most pro business president in history get s elected. trump ran on lower taxes, more repatriation, all the things that were on wall street's wish list, suddenly the market went full swoop. money poured from safety, although stocks i just talked about poured into the banks as investors thought they had to go higher. lower corporate tax rates. so when the sfed raised rates again last december, the bulls cheered. unlike 2013, bulls were confidence that rate hikes couldn't do damages. suddenly the climate was business friendly and the rest of the world was actually getting stronger, no crisis to worry about this time. in fact things became so good

that we began to crave multiple rate hikes, to make the banks more money so they would be more ready to invest. the momentum increased confidence continued right through february, allowing the fed to tighten in march. then we got the health care debate, and then we got the partisan can error, and the possibility that tax reform could take longer than we thought. and repatriation seemed a faulty agenda entirely. at the same time we started to get some bad economic news, double digit declines in mall traffic. bankers are seeing some -- inventory ballooning through the system. and all of a sudden we hear about ticking firearm bombs, ticking time bombs of student debt. and the chatter grew to a yell, as the president and his mignons made it clear that they would sacrifice trading with our

partners to protect american jobs. finally we got bad news, auto sales, plainly awful. just ter rim. of course the oh, so wise bond market picked up on all of this, interest rates plummeted. rates fell from 2.6 to 2.3. there goes the rate hike theory. the banks needed at least two rate hikes, the industrial orders must be slower. that was the sentiment coming into this very morning, when we got good numbers from sarks dp. we don't need to apply for safety. but the adp data was just one good number in a range of good ones. when the fed released their members, and some of the february members talked about that stocks had gotten too high. and paul ryan had a tax reform

plan in the house. neither the senate nor the white house has one, which he suggestses it's going to take a long time to get anything done. his statement really crushed things, we know that his statements are the kiss of death for the industrial financial poll. today was just a test run before the big jobs numbers on friday. if that farm labor number is weak, you can see the market get stressed again. if it's strong, maybe the average starts climbing again, maybe we start doing some buying tomorrow. in a market that can be -- it pays to be a little cautious, if you let the euphoria get the better of you this morning you paid for it when you saw the selloff the afternoon. guy in georgia, guy? >> caller: hi, jim. >> guy. >> caller: i want to thank you

for all the great advice over the years, i want to know about ban coe san ander. >> i have to tell you. i have done a lot of work on san stander is a great way to play in european, because i think that spain is ahead of the turn, not as good as germany, but we may have to default to some etfs that can play the banks, but as a spec, i really like it, i'm glad you mentioned it. let's go to dave from illinois. >> caller: jim cramer, from the home of chicago o'hare airport, thank you for taking my call. jim, it is widely known that your favorites in the airline space are southwest and dwell that. today i would like at american airlines, american airlines is the largest carrier, not surprisingly, china's market

share of international air traffic has been growing squeezing out carriers such as quantum pacific. while american maintains a share in china's southern airlines. so, jim, can you stretch your glide path and spread your wings for aal? >> well, you know, i'm not -- let's put it this way, i'm in wheels down mode on that one. i happen to think that the problem with american air is that it's got to go down to probably around 34, 35, before i would feel like it's as inexpensive as the one that i like, which is luv, which always seems to catch the ones beneath it. i think you have horse sense, dave, the ware yy your laid out story. les go to djalil in t texas. >> what is your take on

southwest energy. >> these are companies that would have been fabulous had it not been one of the warmest winters on record. now what you have to hope for, because weather is determiner on natural gas, you have to hope for a real hot summer. you say well, jim, what kind of thing is that to hang your hat on? what can i do? that's what they trade on, if you want to be in natural gas, it trades on the weather, that's the bigge egest use sometimes g news is actually good news. we got good news in the morning and then paul ryan and the fed. taser becomes axon and announces some major news. find out if the big give away will pay dividends when i talk to the ceo exclusively. they came and they conquered. wall of name, you're not going to miss that. are the gains sustainable?

believe me, if the product does work, they are. do not miss my interview with ceo of tcara therapeutics.

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whatever your views about policing with the use of force in law enforcement. this is one area where the trump justice department is just as bad as the obama law enforcement.

there are plenty of businesses that could be impacted if the freshman government has a more easy going use of force in the police departments all over america. jeff sessions made a big deal about it last week. along with evidence management software and computer vision technology. last year taser stock was on fire. this year down 9% year to date. when the company delivered a stop and bottom line beef, management's forecast for the next quarter was a little light. some have suggested that investments in the business could weigh on their earnings today taser rebranded itself as axon, and i think it's some pretty astonishing news, who offered to provide free body cameras for every police officer in the country.

the co-founder of taser international, mr. smith, welcome back to "mad money," good to see you in person. >> so you're offering free cameras. show me what a police officer would get. >> this is the axon body 2 camera. so you can record everything a police officer does and then we provide all the gear to support this. >> one-year guarantee? >> one year of unlimited. >> unlimited. everything, you could run for a full area and not spend any money, we want to take all the risk off the table. >> let's say i'm a business person and i'm already negotiating with you to try to get you into our police force, why don't i just stop the negotiations, call you back a month from now, and say listen, we want a three-fer. >> we had some orders where

we're already talking to these agencies, and procurement, once you get through it to a certain point, you don't want to restart. especially with our larger agencies, we make sure they all get just as good a deal so nobody got hurt by going early. >> while anyone say no to this? >> that's a great question, and we're hoping they all say yes, we have taken all the risk out. try it for a year and you don't have to pay a penny. >> any answering the call? >> the mecklenburg in south carolina. >> let me ask you, this does not look like an inexpensive piece of equipment, you are going to have to take some upfront cost. >> there's a 15-1 return on investment to let customers try this. because this is a network play. skypor facebook is not very good

alone. we're building a community, this is just an enabler. >> this is a razor blade model, it's also a software service model. that's why it's better to call your company axon than taser? >> when you think about taser, you think about stun guns and tasers. but axon is all about this creation of a network. >> you don't have to have police officers typing reports all day. >> if i record this in high deaf video, why should i have to write about it? >> it is true that the obama administration forced a different kind of law enforcement. a lot of people would say that they made it so that the law enforcement had to be more careful, so to speak, not that they were less careful. what happens if the sessions

attorney general says i'm going to let local police police, they know more than i do. >> what we have seen in the past couple of years, shifting into where police were a little bit nervous about this. but i just met with baltimore pd, they have had three police shootings where they have been able to prevent a city from going into requiiots. if you have to use lethal force, you want to be able to show the world why you did it. >> do you wants grass roots, do you want officers to contact their superiors and say we want this, or sit that the superiors are watching this and saying we want this for our people. >> top to bottom, bottom to top, every officer who has a gun should have a camera. >> this is justice talking, your experience, police department experience when you tape, it's better for police, right? it works out, because for the vast majority it's not something -- they're not doing

anything wrong. >> absolutely, it's a hard job, and they take more verbal abuse than anyone. it's hard to be a cop, and what they found when they have got a camera, it protects them from all the crazy allegations. >> your previous guidance, you did mention there could be some spend, is this the spend or do you have to give new guidance that says wait a second, we have to take a big up front cost but it will be great in 2018. >> there won't be a huge upfront cost. we're building the base to do this, so wire offset and ready to go. it will be amortized selling experience over the trials, so you're not going to see a big one timer. >> i don't know what police department wouldn't take you up on this officer. this is the ceo and founder of axon, not taser. coming up, cramer tells us

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there are a couple of ceos who belong on the wall of fame, not of shame. ron shake who just sold panera bread for a monster $315 per share, both deserve to have their numbers retired. these guys could give a place of

respect for other ceos to aspire to. hence the wall of fame. what did these two execs do? cody took honey well, which had been one of the most poorly run conglomerates out there. they had 2 1/2 times better gains than other stocks during the same period. but if anything, those numberings kind of undersell what kody achieved. cody took advantage of it. planting seeds, picking up cheap companies to add to his fleet. he developed world class climate controls that are the envy of the industry. and he did it all in a quiet, self effacing manner, stressing integrity and a customer first ethose that many would do well to emulate. and ron shake, who like cody has been on "mad money" so often in

good and bad times as he shepherd shepherded -- shake had originally made his name in the business with au bon pen and decided to focus on the small panera bread division -- well, let's let ron tell the story. >> our stock has been up 80 fold, we have been the best performer in stocks in the last three years, doubled starbucks performance, better than chipotle, you name it, we have been better than them. we have been up twofold, we doubled the stock, this is a statement of our success and this is frankly an opportunity to do even better work. >> let me go further, doubled the stock of many of the other restaurant chains that you know fell by the wayside. ron openly confessed that he hadn't figured out how to fix

the problems that come from mobile ordering, especially the problem that comes from the pickup area. talk about a call to buy, though, ron vowed to concur the mosh pit and created panera 2.0 that actually turned panera into two of thing double triple digit growers that have truly struggled as of late. where are -- amazon has done well, why aren't they on the wall of fame? why aren't they on the wall? we can't afford them. we have to wait until active retirement. so to dave cody and ron shake, congratulations for everything you have accomplished for your shareholders. welcome to the "mad money" hall of fame. harry in new york, harry?

>> caller: hey, jim, boo-yah. thanks for taking my call and for all you do for us small guys. >> that's what it's about. >> caller: first time long time. jim, i'm a long time investor that likes to add a position now and thrown my portfolio. a good growth stock with all the penn ownership out there. but with the pe in the upper 60s, i want to know how much a pi ratio above -- i think of idxx labs, my answer to that is that i think you should buy some and then you got to wait until it comes down. because this is the hottest, maybe be among the hottest stocks on the market. buy some but let the rest come down, been you pull the trigger.

janet in california. janet? >> caller: jim cramer, how are you? >> i'm good, how are you? >> caller: i'm good. i got a question for you, i believe you're not in love with retailers. >> you got that right. >> i followed it i've gone from a huge plus to a minus 7%. it's kind of like a raytheon debt, it's kind of like one of those sour books. i don't know what it lives for, i think it can come back, but if

it goes back up at all, it's a sell on any strength. target, glad we knew you. the "mad money" wall of fame welcomes two new members. kudos gentlemen, thanks for everything you did for shareholders. it's estimated between 26 million and 36 million people abuse opiods worldwide. and then major tech shake-up announce the middle of 2016. should you be buying sharings of the new hp enterprise or dxc technology or both. that's coming up in tonight's edition of "the lightning round." stick with cramer.

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in the last few days, one of the hottest stocks of 2017 has finally given a bull pack. we're talking about cara. cara is a biotech focused on finding novel ways to treat

pain, with a stock that's up more than 80% year to date. it's down to 15 and change. pain is one of the trickiest areas in the market at moment. we have plenty of drugs that can deal with pain, but in some cases t cases drugs could be worse than the disease. it selectively targets the body's opiod rescepters located outside of the rain. the idea here is they can eliminate some of the hardcore side effects of old school opiods, killing pain without also causing addiction, for example cara's lead drug, where we just got some positive phase 2 data last week. it's proven very effective and much less addictive than opiods.

now cara just did a 4.45 million share secondary ouring last thursday. so could this be the buying opportunity? let's take a closer look with the co-founder of cara therapeutics. good to see you, sir v a seat. thank you. >> please to meet you. sounds too good to be true, how can it be? >> we have worked on this for a number of years, this wasn't an overnight development for us. we developed this drug with a specific idea in your mind, as you introducti introduction, this is a drug that doesn't enter the cns, we don't deal with regular opiod receptors and we deal with peripheral nerve ending, so we produce and anal geezic benefit.

>> are you going for orphan drug benefits or are you coming up with that perhapses millions of people. >> one of the most common conditions unfortunately here in the u.s., chronic pain affects one in three individuals, some 100 million individuals here in the u.s. if you're unfortunate to be one of those paintients, you're goi to be prescribed either a traditional opiod, like oxycontin, and the risks associated with those drugs, or a nonsteroidal anti-inflammatory drug with rather debilitating side effects. >> have there been areas in the body in pain besides some of them that you're working on now that it could work on? >> by virtue of the mechanic, this can be particularly useful in inflammatory pain, we find

those receptors in immune cells, we find them in joint cells and we're running a trial osteoarthritis pain. >> could you raise enough money to be able to get through these trials? we have learned something that starts the show. trials can take years and years. do you have enough money to go through to the end? >> it was a 52-week high, great for investors, great for shareholders. we can take nef frits. we can take that all the way to new drug applications. so this covers at least two of

the possib the possible wavers we hope to get for this medication. unlike pain where we have some current medications that have some efficacy, but have some side effects. some 20 million patients here in the u.s., across various conditions, chronic kidney disease, unserved by any medication. >> let me ask you this. why hasn't someone else come up with this? we have got this epidemic that's killing people, why haven't the pfizers, the mercks come up with something that could save people lives? why is it cara therapeutics? >> the chemistry we have developed here is very unusual, it's a molecule that when we absorb it at normal ph, you and i, it didn't cross what we call the blood brain barrier, the barrier that keeps obnoxious

toxins outside of the brain, that's the key here to fore, no one was able to meet that challenge in novel chemistry and that's why we have the clinical profile we have. >> i'm rooting for you because of america, because of what's happening in this country, and obviously it would be fantastic for shareholders. that's derek chalmers, he the co-founder of cara therapeutics, a very speculative company, b.

it is time. it's time for "the lightning round." [ buzzer ] and then "the lightning round" is over. time for "the lightning round" we're going to jim in north carolina, jim. >> caller: jim, free port mcmoran. >> if it weren't for this ceo

position, it would be a buy, but it's too dicey for me. >> caller: two part question, i was wondering what you think about the future of wix andive and applicable, what a good entry point would be. >> it's a really good company, it's the best way to make a website. you know, i like adobe, and i like wix, let this come in, there's no reason why it can't hit a 52-week earnings high today. let's go to fred in new york. fred. >> caller: jim, greetings, staten island, new york. my question is about omeros corp. >> this company has almost no revenue, it does have some money in the bank. it's a total speck, but i got to tell you, don't buy.

jerry in utah, jerry? >> caller: jim, i would like to send you a big rocky mountain boo-yah. i i would like to get your opinion on zions bank stock. >> i do like it very much. it's one of the more interesting data now banks that i think can come back. let's go to willie in florida. >> caller: good evening, jim, how are you doing stayetoday? >> i'm having a good day. >> caller: i would like to thank all the investors who are watching the show and get educated. my question is about meetme, and i would like to know about the low valuation that it's trading at. >> you remember, i don't know, meet, i got to do some work on it. it's from where i used to live.

i should know meet, but i do not know meetme. i'll have to do some work. let's go to jim in michigan. >> caller: i'm calling about come pass diversified holdings. >> this is a company that you can't really tell what they own. if you can't tell what they own, you're taking your life in your hands. and that is the conclusion of "the lightning round." hey gary. oh. what's with the dog-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. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. i've spent my life planting a size-six,

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in past weekend, hewlett packard enterprises and computer science corporation completed a transaction that was unveiled nearly a year ago, merging with csc, creating a brand-new company called dxc for you home gamers. this is a really important deal, because it highlights something i have been talking about for years, the power of breakups. both hpe and cxe were the result of larger companies splitting itself up. and they both were given to record gains prior to this deal. the question is can the newly created dxc continue to outperform, particularly the latter? wow, i think so, which is why

we're holding on to both stocks from my charitable trust. let me give you my reasons for this fairly complex but i think great opportunity situation. first, remember that hp enterprise was created by the old hewlett packard 2 1/2 years ago. at around the same time, csc spun off it's mission specific information technology infrastructure and business services division, and that was csra, let's forget about csra, let's forget about hp printers and, well, this. now before this latest deal, hp had four segments, hardware, software, financial services where they provide financial information and finally the enterprise services division, so hp emerged at last business at enterprise services with the whole of computer sciences

corporation. csc is part of analytics, service processes, consulting and security solutions and the company helps consumers maximize their cloud technology needs. at its most basic level, this deal was about focus for hpe, meaning it allows the company to focus on it's fastest growing highest margin businesses, they have been working on turning around its -- newly created company a much stronger competitor, with vastly more scale, check the website out, you can't believe what these guys are in. you got to move to the cloud, these guys can help you. how did the deal work? okay, hp enterprise shareholders

just bought .855 shares of the newly created dse, you know own dxc, on top of that, hpe received a billion dollar cash payment and dxc took son a quarter million pension liability. here's where the story gets even trickier, because before we can access what hpe and -- we need to account for an additional spinoff. back in december, the company announcement it was spinning out it's noncore software assets, merging them with microfocus, a software and ip company, valued at $8.8 billion. solutions for applications delivery management, big data enterprise security will create

a powerful software titan. this is yet another step in hp intenterprises attempts to pair itself back into a hybrid it play. the microfocus deal closes pretty soon, at which point hpu will get a 6 point stake in microfocus, along with a cash payment. with that in mind, we can finally consider what to do with hp enterprise and the new dxc technology. my travel trust plans to continue holding both stocks, highly unusual. i usually just kick out this dxc stub, because we liked hpe all along. and we really liked dxc on their first investor day last week. we'll start with hpe, most of the software business being fun off this year. last quarter the company kind of

stumbled, talking about a slowdown in some of its end markets and loss of business from some of its major cloud business. i think the stock should get stronger. i bet the company has an easier time of it because they have already tamped down wall street's expectations and they've got management focus. the "squawk on the street" had really been lost during this asset shuffle, all these parts i just mentioned, meg whitman admitted it was hard, but they've got a handle on it. best thing, hp enterprises are sitting on $4 a share stock. giving the company flexibility to invest more in its asset business. given that hp remains incredibly

cheap, trading just 13 times nec year's earnings estimates, making the parts worth a lot more than the whole. which is why hpe continues merging with other companies. how about this dxc technology? this one's interesting, this stock just keeps climbing. another two bucks today and change even after the horrendous afternoon and i think it deserves to go higher. as the end to end information technologies service provider, dxc offers it's information technology expertise to help it's clients achieve all sorts of objectives. dxc's analyst day last week that wowed everybody, ceo mike lor lorri -- they have got a multipronged approach. they are helping clients harness

the challenges created by disruptive challenges. dxc only expects to grow its revenues by 1% over the next few years, management sees it's business expanding at a monster at 25% compounded annual growth rate. that's what everyone's really jazzed about. the idea is that the visual transformation needs to decline like the old school it business. they got the new business that's really great, but the old business is dropping off? second in order to win this business, dxc has a plan to -- they can't execute on their overall mission, unless they have well trained workers who understand the technology that matters these days. how about the numbers? of course we care about the numbers, dxc sustained single digit revenue growth. by the 1/3 year after the deal

that just closed, dxc thinks it can boost it's margin by 700 basis points. that's what's got people going. by the end of in program, dxc's earnings and tax margin will have doubled, rising to 14% or 15%. layings off workers, getting rid of duplicate facilities. this is the reason people want to own dxc. and it creates a lot of room for improvement. put it all together and dxc believes it can generate 20% earnings growth on a compound annual basis in 2020. there aren't a lot of stable 20% growers out there. i think this has the potential to be an excellent long-term story, if dxc can deliver on its promises and dxc has a history of delivering on its promises. and while the stock's rather inexpensive at less than 10 times it's projected earnings

this year, remember i told you you had to wait for a pull back in this market? you have to wait for a pull back in this market too. here's the bottom line, the transformations of hp enterprises and the newly created dxc technology are complicated, i have tried to give you as much detail as i can. but i believe in management's ability to get value out of both companies, that's why i like both stocks. i like hp right here and would just like dxc to come down a tad, it's too high, before i would pull the trirger, stick with cramer.

like i said last night, discipline, doesn't it hurt when that market's roaring? but when you exercise it, it makes you feel good at the end of a day like today. there's always a bull market somewhere, and i easterly help you find it.

i'm jim cramer and i'll see you 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." ♪ is a couple with a follow-up to a very successful product. hi, sharks. my name is matt griffin. and i'm his wife, pastry chef emily griffin, and we're from carmel, indiana. we own baker's edge, and we are seeking $400,000 for 20% of our company.