>> they are watching. notice he has flipped the switch like a juggernaut, gets you done. >> i'm melissa lee, thank you for watching. see you again tomorrow at 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 tweet you, call me or tweet me. while the averages keep grinding their way higher, s&p advancing

2% to an all-time high, and the nasdaq gaining 40. it's hard to tell if we're going to have a fall or a run for the roses. despite the seemingly placid root of the market, i think it's very important for you to get your head afternoon this standoff. with 40 home game members and the newsletter i put out by my travel trust. while many didn't share my legal of optimism about the individual companies that i endorse, meaning that those companies were right here, right now. several others were down right bearish.

one person wanted to know what would happen to my trust when the federal government took away all the liquidity. another argued it was time to go headlong into precious metals, his menu? gold coins, gold stocks and gold bullion. when i said a portion of people's assets should be in gold. he pressed me, he was speaking a lot more than just a portion, maybe a majority. finally there was a curious discussion among several of oust over some real good mescal, that there would be some tax reform and he said not when trump is impeached. i said man, i got to talk you off the ledge. he tacitly acknowledged that i needed to do so. then there's the whole other side of the trade.

the spectacular side. the total opposite side i might say. today i dropped in on my friend robert wapner, a man that i regard as being a permanent bear on virtually every asset class. he thinks the market could rally 50%. from a grizzly man, i almost fell out of my chair. already, so scottie does that stuff, he pressed him and he clarified, he didn't say we were going straight up. but he thought directional we're going to go higher. at time this is nobel laureate has made me want to hide under the covers or at least under this desk.

i wanted to say am i sure i heard you right, mr. professor? are you sure this market isn't overbought. he proceeded to say that this was nothing like 1999, he ventured that comparison, when stocks were reflecting a ridiculous amount of irrational exuberance, it came out in the spring of 2000. the guy's got street cred. he saidi ivf trump gets his reforms through, we're going to have added value. people came to chat with me, like my home gamers, and i heard about trump's pending impeachment and the need to go into gold. on the other hand i have a professor known for his bearish predisposition, saying we might

be on the cusp of a gigantic move higher. when one of the fellows mentioned the looming impeachment of president trump, a few minutes went by when someone suggested he wouldn't be impeached. it's hard to see this republican congress ousting a member of his own party. but the idea at this point in time, 100 plus days into this administration, that trump didn't do anything, that he didn't deliver any tax reform, or even a tax holiday on the repatriation of u.s. assets. so when i was on scott's show, i said wait a second, has the discourse gotten so alarmingly negative that the only scenario that are plausible that the president gets nothing done and the president gets booted from office? what happens if trump rides this

thing out, the bears down, cooperates with the special prosecutor and is vindicated. it's search possible, i don't think that possibility is at all priced into this stock market. while they're not passing any legislation in congress. they're going to cut taxes, even if the cuts end up being smaller than trump wants, but the street likes lower taxes, i think we're going to get them. the other thing on the ledge of the home gamers is when you get lost in market valuations, and a lot of those treaties are sequoias, they're stronger than we think, they're not about to be blown over by whatever ill wind sweeps through the woods. let me give you some examples, this morning lowe's reported

some numbers that were disappointing from what the analysts were looking for. there goes amazon again, amazon crashing a whole new component of retail, the do it yourself home improvement stores, even they're not safe. how quickly we forget, last week home depot reported a quarter that vastly competed expectations and they gave no sign that amazon is hurting their expectations. for remodeling , someone ends up shopping at home depot, what separates lowe's from its much stronger competitor? one word. execution. conclusion? buy, buy, buy to the stock of home depot. consider take two interactive software. here's a company that traded down to just $61 two days ago,

today it's at 77. how did that gap happen so quickly without a takeover? take the reporting of amazing numbers need. until this quarter, some skeptical investors thought take two was totally hostage to the numbers that were coming out. take two sent the stock down 7 bucks in late hours trading. but when the investors saw how much money take two made from its existing games, like grant theft auto, the stock went up 16% in the next 24 hours, whenever you think of stock as an asset class, an etf with nothing to it that's slated to be rocked by washington or the

fed or it's dramatic overvaluation. you're going to miss home depot and take two and others. i think it's likely that both sfre extremes that i'm talking about are wrong. i do want to talk some skittish investors off the ledge, because when you look at stocks on a case-by-case basis, there's a lot to like here, certainly more than the bears ever thought possible. let's go to kathy in arizona. kathy. >> caller: jim, this is your 40th college reunion boo-yah. i'm calling about lowe's. i'm a long-term value investor, i i got hammered yesterday. what advice do you have. >> this is isn't kathy wormwood?

>> caller: that ee's correct. >> fabulous to hear from you, we were talking lowe's? >> caller: yeah. >> well, we like home depot more than lowe's. great that you called, wow. but don't worry about it, lowe's will be fine, but i like home depot more. i can't believe it's been four years since -- well, it's been a while and it's great to hear from you, thank you, kathy. roberto in massachusetts, roberto? >> caller: hi, jim, quick question for you, i'm into volley for a couple of months and i'm down almost 5% on it. what's your take on valle 124. >> valle has excess supply because china is a little backed up. as the brazilian market came

back down. i think it's a dollar down, maybe three up. well, hey, love those phone calls, are we about to make an epic fall? or will we have a run for the roses? i think there's cases for both extremes. the trends that's dominating the tape, it's the stay at home economy. tonight we're gaming and grubbing. two huge players and their outside impact is ahead. and back in the days of gold man stacks, i used two tools to find out where the markets were headed. i'm welcoming the ceo of calvin kline and tommy hilfiger after the market's outstanding close. stay with cramer.

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just when you thought retail was in really bad shape, along comes pbh, calvin kline and tommy hilfiger. while the stock has been performing pretty well in recent months, rebounding from the mid 80s, to 102 today it's still down from it's highs in october. just about every major department store has been doing pretty poorly to say the least. the company reported $1.35 for share. it's sales came up higher than expected. it's gross margin, the cost of good news sold, and the source

of pvh's spring, calvin klein is up 11%, and tommy hilfiger is up 16% overseas. can this international strength offset the domestic weakness? les talk to the ceo and chairman of pvh. congratulations on a terrific, terrific quarter. it looks like that once again, people are underestimating how strong international is it's just amazing. >> our strongest businesses have been in europe, as well as china, which just continues to perform, both of our brands in europe, posting double digit comp store increases, and our stores in china posting increases despite the chinese new year. >> i went over our last few

conversations that we have had, this is the first time you have led with china. china must be becoming part of the mosaic. >> especially with the acquisition last year of tommy hilfiger in china, we brought the whole business in house, having that business along with the calvin klein business gives us strength in the platform and allows us to take advantage of the growth in that region, china and the surrounding areas. >> the bigger ones are major destination stories in some of the capitals, they are just doing fantastically. >> europe continues to surprise us on the up side, i know everyone ee's talking about the european economy is improving, but the numbers we're seeing is really surprising, we have calvin and tommy exceeding our expectations. >> these are days of peril. we haven't seen that. and china is it online and offline? >> yes, direct on our own line

and then selling to alibal alib. >> you have diversified so well, but most haven't. can this market make a come back? >> our brands are performing pretty well, you can see it in our heritage numbers and we're pretty bullish about our heritage numbers in the second quarter. the key in this market in the u.s. is to really manage your inventories tightly as well as your expenses. and you have to recognize that we're going through a seismic shift in the retail distribution channels, you have to move along with that and make your investments, but more importantly, you have to be really careful about your inventory levels and manage against that. and giving the strength of our international business, we have been really prudent on managing our business. even with the sales growth down 5% coming out of the first

quarter, i think that really gives a clear indication of how strong our gross margins have been. >> i that's really important. maybe these guys had so much inventory that they dumped it. but that did not happen, you were not afflicted by that? >> we managed better than some of our competitors more prudently in that area. and we did not overexpose ourselves to the channels the way some of our competitors have over the last five years. so we have really watched our distribution, we really tried to stay to the higher end of distribution. and that's really paid off four us. >> okay, now a lot of the guys saw a -- january' numbers were good and february's numbers are good. maybe we're experiencing some of that. >> i think the whole market

experienced the easter shift. two weeks later. the end of march, this year the end of april, so it really shouldn't have been a big surprise that march was going to be a tough month. february was just a bad month, it really was. as we came out of february, march actually performed well, when you factored in the shift. and as we have gone into may, our business has continued the trends that we're seeing right now. >> so back to school could be good. >> that gave us the confident to raise the second quarter. >> heritage can be free standing. your stores are doing good. >> our stores and our distribution into the department store channel, which everybody -- >> a lot of people thought you should have given up on heritage. >> heritage does a number of things for us, one it's a cash flow driver, two it gives us even more scale, it's $1.7

billion so the numbers we have posted really benefits calvin line and tommy, why give up winning businesses, they're not the sexy businesses that calvin and tommy are, but eyes on speedo or warners, these are tremendous's brands. >> the main thing we'll be talking about is china and then europe and then the united states? could you be that powerful a driver? >> china is a driver. for us china today is a direct business for us, about $500 million, $600 million. the united states is seven times that. but the growth factors are there and the dynamic of that economy leads us to more investment at this time. and us being there as early as we have been, gives our brands a

clear advantage in because we have gotten expose to the congre consumer, they love american brands and they want those brands. >> anybody in america worth noting that is doing a terrific job, not to say that so-and-so is bad, because i see walmart doing really well now. >> i think the u.s. market is tough for everybody. i think our key customers are managing through it the right way, the reality is s and i have said this to you so many times on this show, the reality is we have too many stores in the united states and they're making the right moves to close them and unfortunately we mirgt see some more dislocation around the second half of the year, particularly around the retail players. >> international is just killing it. that's chairman and ceo of pvh corp. "mad money" is back after the break. coming up, cramer turns his attention to gamers, the ceo of

take two interactive joins the show to talk about his most anticipated new titles. >> we have occasionally delayed releases. it's a difficult choice for us to make. we want to bring the great title to our fans. >> next.

in the old days when i was an associate at goldman-sachs, i would have to go on the road to cold call prospective clients, it was a rough job, traveling all over the state of new york, i was often totally out of touch with the home office. remember, this is well before cell phones, so you brought plenty of quarters with you and you would constantly be in phone booths. i would try to prepare for any

contingency if i actually got in to see any customers. so i figured out what are the key stocks that could give me the tapestry on the go, the markets that give you a sense of what's been going on and what's about to happen. they were the tales of the tape and it lets you seem smarter than you were when you're out on the road. calling from horse heads or elmira or honey i fall. i wanted to know how stocks were doing at jpmorgjpmorgan, 20% of market is composed of financials. caterpillar was integral. i could easily say bank of american over jpmorgan. no stock needs higher rates to fuel the next leg of its rally more than jpmorgan.

i doubt that two rate hikes would derail the economy from this low level. yes, we're worried about credit cards, i articulated that last night. j prks m jpm has gigantic -- that red tape drag should go down, and dividends will go up, the same with buy backs. as we saw from cat's annal devel -- because they want the chinese to keep spending for fortune on infrastructure, it needs coal mining to stop shrinking while the dollar goes lower, and it

needs to see it's u.s. order book grow with infrastructure spending, at least some from the federal government. so in the old days, a simple call, walter, mentioning my old beloved partner, how is jpmorgan and cat. if it was down, then i knew there was press pebospects for market. if cat and jpmorgan had -- zb k >> caller: i just want to thank you for your insight and devotion to helping all the investors out there, it's truly appreciated. >> i appreciate that. >> caller: i bought dow chemical when the share prices were up about 45 on your recommendation,

now after a year and a half, the stock is baseline below, i'm curious whether you believe now would be a good time to cash in or hold on? >> travel trust owns it, we bought it when you did, and we have just been riding it. i was doing some second guessing the other day, why didn't i sell some? because we're waiting for dow and dupont to merge and to work its magic, you hold not sell. john in new york. >> caller: i'm looking at public storage. i think it could be a good real estate investment. >> yields 3.6, it's a growth stock and by the way, of course it's a baby boomer retirement plan down size and it makes a lot of sense to me. jake in arkansas. >> caller: hey, cramer, thanks for taking my call. i was looking for an e commerce

delivery services play and i see that u.p.s. is up to a 52-week low. >> we want to wire the ones that are winning, not the ones that are not winning, fedex is winning and we have this other one, xpo logistics, i've got to tell you, earn said, wait a second, they have taken on too much debt. i think xpo is a winning stock. still more "mad money" ahead, i'm talking with take two interactive, the video game company. find out if there's more room to run. then nearly 10 million diners took nearly 10 million meals in 2015. and we're going to go rapid fire, taking on whatever questions you can throw my way in "the lightning round" so stay with cramer.

i

. some stocks, today just don't know when to quit. take two interactive software roaring higher today. this software developer -- for those of you who don't watch this show religiously take two is my favorite stock in the ultrahot gaming space. wwe, k-17, kid myers civilization 6 and mach 3.

it's been a wild ride, one of the company's most eggeragerly anticipated games is postponed to spring. yesterday morning, we came in and take two reported a quarter that was so good it swept away all the negativity, stock surging into positive territory, the company posted 11 off 52-week basis. it was just so amazing. even though take two is unusually -- has a usually light release schedule for the current fiscal year, commentary and guidance was so fabulous it made everybody stand up and say you got to own this. so after this epic move, can the stock move higher, i say yes, but we're going to talk to the ceo of this company. this is the best year, i'm not

kidding, it was the best quarter we have seen, not just in the gaming group. but i'm coming one a new here a. -- theory. this was really not a time. i mean you said it. our ability to suggest a significant profit that solely includes a profit . just a plain vanilla quarter with no big ones was better than anything you have done. this company is a changed company. >> it is and that's probably the most exciting part of it. we have a number of different changes, the biggest change is this huge release, and then another huge release. the second thing is we're a meaningfully higher margin business than we were before. >> i was trying to convey this, i was disappointed when you sent out the release that i've got,

this is my nephew's favorite, redemption 2. you said this is going to be the indication. you even violated your rules. when you said it would be an understatement that it was going to be big. you never predict that, how big is this thing going to be and how important was it to hold it off? >> terribly important to hold it off. we have occasionally delayed releases, it's a difficult choice for us to make, for everyone to maker, it's hard for rock star to make a decision like that, we want to bring a great title to our fans, but we're never compromising on quality, and always putting quality first ahead of everything else. at the end of the day, wrooish not weier we're not wired to do anything else. high isn't high if we don't do our best. and our view is this is incredibly highly anticipated,

it's from the ground up new general rargs tition of console. >> this is just a masterpiece, this is what i'm hearing? >> i believe it will be a masterpiece. >> $8 billion in market cap. another way to look at it. e sports is dramatic, it's changing. >> we think it has an extraordinary opportunity and i'll let you say those numbers not i, because i know we have a lot of wood to chop a. we have a great managing detector, he's making enormous progress, 17 teams have already signed up, we're going to have a schedule in 2018. we have open tryouts, you play the game, you can try out to be

a professional player. imagine that. >> there's going to be commercials, there's going to be endorsements, i am told that the chinese are buying up teams afternoon the world, including the korean national team. i am told this is selling out arenas, this may be the -- wwe is big, grand theft auto is big. but are you going to own all these franchises? >> the nba and the teams will work out the right method for ownership. the teams will be owned. right now the league is responsible for everything and we're a joint venture partner in the league. the point you're making is the important one, 250 million people watch e sports now, about half of them watch avidly, and offensi if we see that many consumers engaged in anything, well, we're the first professional sport to

become a competitive gaming league, and if we do it right, i think the opportunity is extraordinary. >> it's international. how much do the chinese love this nba? >> there's a lot of excitement in as well. >> grand theft auto was amazing. >> we're up to 80 million units of grand theft auto-5. >> is that not worth several billion? >> and grand theft auto online, three years after it was launched, as you know we have been expecting those results to modera moderate. rock star games keeps putting updates out. those updates are like consumers, they show up and they spend money on virtual currency. that's why consumer spending was up year over year. >> how do we keep track

intraquarter with what's going on with e sports and you. that's the chairman and ceo of take two interactive. what a stock and i am telling you, it is not done. "mad money" is back after the break.

it is time for "the lightning round." [ buzzer ] and then "the lightning round" is over. are you ready, skee-daddy? i'm starting with vijay in texas. >> caller: thank you, cramer for the great education mixed with entertainment and we'll talk got my stock. the stock was down 16% after earnings on friday. if isi has dropped to a five-year low, it trades at 12, a dividend of over 2%. is it time to buy foot locker?

>> the conference call was a bad one, i didn't like -- they were so downbeat, but at the same time the trajectory of the month was good, i'm going to say wire it. six up and six down. >> caller: what about cara therapeutics? >> i like that stock, i still like that stock. >> caller: cramer, thanks for taking my call. deva pharmaceuticals. >> you have some selling pressure, i don't like the quarter, i think you are strictly in the don't buy mode and both tammy reid and andy

reid the best. david in massachusetts. >> caller: boo-yah, jim. i'm looking at national grid. >> i would be a buyer. let's go to arum in ohio. >> caller: hi, cramer. i just want to, you know, take -- i want to ask you a question about tripadvisor. >> i got to go with expedia. we had that terrific ceo. i felt fabulous after talking to him. let's go to lindsey in virginia. >> caller: my question is lumber

liquid dat liquidato liquidators. >> it's been down since it's high, and people are saying why didn't i pull the trigger on home depot. this is why here. we go to phil in new york. >> caller: hey, cramer. c.h. robinson. >> i know fedex has more game right now. that is the conclusion of "the lightning round." is a mobile trading desk 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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wherever you are, grubhub has turned up the heat. will the stock deliver innovation you can taste? >> i keep telling you about the rise of the stay at home economy, where more and more consumers are glued to their couch, living off food they get delivered while watching netflix or playing video games or even facebook. we're just not going out as much as we used to. we have talked to the some of the many companies that make the stay at home economy possible. another one of those is grubhub. this company owns the largest

online delivery company ever. grubhub makes it possible to order from more than 50,000 restaurants restaurants in more than 1,100 cities. grubhub was at 36 bucks, it quickly sold off to 18 in february of last year, since then the stock has made a stunning come back, rallying to $42 and change. company reported a fabulous growth last month. restaurants that have been on grub's platform for more than two years, generated more than 10% food sales growth. can this company continue to thrive? let's go to the ceo of grubhub to give us a better sense of where this company is going. it's been a fabulous run, matt, and i just got to list some of

these, tgif, coastal grill, subway, red robin gourmet. it's really coming together. >> just like we have been talking about for several years, it's about bringing the restaurants that people want to order from into their neighborhoods. over the past two years, it's been an incredible journey and a lot of it has been around delivery. not just for restaurants that deliver for themselves but executing that last mile fulfillment for them, making sure that vw 3 is available everywhere. >> delivery, as a percentage of overall orders has increased an you're getting a much bigger percentage than the other guys. >> the growth that we have seen, it was actually dramatic in our second tier markets, tier 3. we saw 2 x growth than we did in

tier one. the big metro areas that we have been in for a long time. we see the accelerated growth and that's because our product keeps getting better, the diner ordering channels but also the delivery and the delivery helps expand our geographical coverage so we have more restaurants in more markets so when we do that national fly over advertising,e. >> most people thought the competition, whether it be uber, or some of these other companies, they're all doing okay. but it turns out to be, if you just did this, if you did food in your first mover, it's more sticky than we thought. >> once you start ordering online, you recognize it's so much easier, so much better than calling the restaurant. and so whoever's there, i absolutely agree with you, they

have a significant advantage. but what we do, we do it better than anyone else. >> it's true. i mean everything i have read, it's true, you do do it better than anybody else. >> we have the scale economics so we can have a lower cost, for restaurants and diners, we have a lower transactional fee for diners. >> in this quarter you stress that if there is a price differential, then people go to the place that has it cheaper. >> we have the same restaurants, the diner fee is less. would you rather pay $10 for delivery or 3.89 zwl? if you do get tax relief, grubhub is going to make more money. >> if we see tax relief, it's going to absolutely help us, 90%

of our business is in the u.s. >> let's talk big more a second. in your conference call, you mentioned a one-point big data. i'm thinking you're a repository to incredible knowledge, people who like vegetarian, do they like vegan, how do you mirn that for your customers? >> you're the perfect case, because you have a menu -- first of all, i want to talk about your stay at home economy the s thesis. i disagree that it's going to stifle restaurants, i believe this is a massive opportunity for restaurants. what we see that after a year, restaurants that are on grubhub see a 30% increase in steals. >> you can't make that money on booze. >> you can deliver booze. i will deliver booze for you, if new york city lets you deliver booze. that's not on me. >> that's a great point, you can

deliver booze. >> i order far more frequently than my favorite restaurants than i would if i went out. i don't have to deal with sitters, i can order once a week, my favorite sushi spot. i order more from restaurants because of delivery. >> so you think all these chains are coming in because obviously this is a great growth item. it's not defense, it's actually offense. >> you're right, people are ordering way more because they're staying home. but that does not mean that we're limiting revenue. i like to say delivery is not a side dish anymore. restaurants can make a ton of money if you can focus on it. at bar san miguel, have a delivery sub menu. >> i should make a call.

you have game. you have game, man. this is the ceo of grubhub, there's a lot to like here, and all that stuff about the competition, it's not panning out. stick with grub, stick with cramer. thank you. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley

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all right, after the close we got two good retail numbers, we went over pvh, that was incredibly strong largely from international. hp inc, that's the printer and pc company. they reported a great quarter and they triumphed over some great numbers. i think retail is oversold at this point. i like to say there's always a bull market somewhere and i promise to find it just for you light here on "mad money." i'm jim cramer. 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." ♪ who set out to solve a problem she faced as a mom. ♪ hi. i'm ginelle. i am the owner of cool wazoo. i'm here seeking $65,000 in exchange for 25% equity in my company. when my daughter was younger,