>> mr. agitator. >> next week, we have these events, short. >> "options action" has expired. thanks for watching, i'm melissa lee, check out our website. . 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 treat you, call me at 1-800-743-cnbc or tweet me @jimcramer. today we have had one of the

most vicious rotations i have ever seen. it brought some of the rocket ships screaming back to earth. with the dow advancing 85 points, the s&p declined .08%. the nasdaq plunged 1.8%. that's just a recovery from even lower levels. we're starting to see that buy f b -- it's a breather, people, it had to happen eventually, you just can't have stocks go up day after day after day on nothing new. which is exactly what was happening on the supertech stocks. yesterday afternoon we started to see the money rotating into the down and outer stocks.

and then the buying, the template for high growth, but it was an nvidia versus nordstrom battle. nordstrom had been ice cold until the company's management decided to talk about going profit. to me, that was a wakeup call to cause us to responder whether or not we had gotten too bullish on the market. it got crushed at the opening, it ended up at plus$2.83. this was just day one of that rally. what surprised me the most today, though, was that the rally also included health care stocks that had been stalled, chiefly pharma and biotech, as well as the companies that are

involved in the extraction of oil, caterpillar and helmerica. last night i said it's worth it ic if you're a trader, because many of these stocks are severely oversold. the problem of course, is that retail, in actuality is very weak. and oil, while trying to hold $45 here, needs to see some supply cap or demand accelerating. i expect a counter trend rally to continue. but unless there's something real, you can watch the dow and i lost believe the defanging is something that you should have been ready and waiting for.

investors love growth above all. particularly when the economy isn't moving all that well, which it isn't now. periodically in the great bull markets, you get reversals. on d and so you got to be ready for each of those stages as the money comes out of the trading names and goes right back in the growth stocks that are are shaking the weak holders. that's the process that beer going into next week, now the good news is that there was so much destruction today, that you can probably end up buying some of these nifty 50s as i called them on monday. the bad news is that because rotations tend to last three days, the big money that's trading into the value names, doesn't come back until wednesday at the earliest for growth. so don't go into it all at once.

by the growth and then buy the selloff. some of it was pure profit taking as the fangs were so overdependent. that part, i'm not sure at about. and with that little seminar out of the way, what's in our game plan for next week? okay, on monday, we get something you normally shouldn't care about, and actually it's something we have never talked about. but it's going to be front and center, and something i need you to know about it. it's called the monthly budget statement. see, uncle sam has fallen behind in extracting money from you, and that might cause a short fall from the flushs. given the president's troubles, racing the debt ceiling may become a real political hot button. something we never thought with

a white house and both houses controlled by the republicans. i smell trouble here, that agenda is just say dead. speaking of taxes, on tuesday, we hear from h & r block, at one time we were concerned that president trump would simplify the tax code and that would hurt h & r block. i prefintuit. wednesday is the biggest day of the week, that's because the fed announces what it's going to do with interest rates. it's vital after this bank stock rally we had today, the fed has to say we're going to raise rates. if the fed waffles, then rotation to the banks ends immediately and the money could veer back to the techs, not all

the way the way they were this morning. buzz i expect the tech stocks to be overextended by the end of the week. thursday we hear from kroger. when i heard that nordstrom was going private, i thought that was an excellent time to look at the company more closely. sure enough, on friday, along comes corning, holding a huge analyst meeting in this country, which recently took a $200 million investment from apple as part of an advanced american industrial fund, that apple announced on "mad money." after what could be a wild week of row tagtational activity.

maybe we'll get more answers if something is really an knowing the giant. the behavior you're seeing is not unusual, it happens all the time in great bull markets. the hottest of the hot get tee hot too hot. give up some of their gains, and then attention moves to the lowest of the low. that's why i say you have to be diversified because those who only owned the hot ones got scalded today, but those with the diversified portfolio will live to play eanother day. if you own no tech, you're going to get your chance, perhaps as early as monday, but remember, there is no gang without pain. jerry in utah, jerry? >> caller: jim, a big boo-yah from utah. i appreciate all the good advice you give us.

since some of the bank stocks have gone down lately, i wonder if i should be buying jpmorgan. >> we're going to talk about this in our club conference call on wednesday. i think wells fargo is cheaper than jpmorgan and wells fargo is going to be annualizing the negatives and that's good for the stock of wells fargo. steve in florida. steve? >> caller: big boo-yah too you jim, from beautiful, sunny, florida. thank you for everything. my question is ibm, should we buy, sell or hold? >> i think ibm is, it's time to buy. i was talking to my colleague matt moore today, we both think this level is the level, you've got the company going more into data analytics. this is one of the most vicious rotations we have seen, and it's

not over, hey, look, it just started. on "mad money" tonight, with news of a $7 billion merger in the core space. and many thought a trump presidency would help chicago infrastructure company build a bridge to promise. what the heck is happening here with that company? and i'm going to investigate. and inx labs is up over 45% year to date. what is is driving that unbelievable performance. stick, stay and stick with cramer. [vo] when it comes to investing,

looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that

often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and.

right now the data center is on fire as more and more companies migrate to the cloud. last month i recommended cor's data center. they own major centers in new york, los angeles and chicago. their stock has gone up 23% just since the beginning of 2017. cor's site reported an excellent quarter last month. it's got a great, great tradition of racing it's dividend. let's talk to the company's president and ceo. i should say paul, he was in my law school class at harvard in

'84. it's been a remarkable way and a much less risky way to play the revolution in tech. >> we have been fortunate, we started with a base of data centers in great markets but also had unique characteristics, most of them were very network dense, right next to the eyeball networks that the cloud companies use, that will use data products to get out to the consumers, but we added to that a unique piece that we are typically the only provider of in most of our markets which is the scaleable capacity right next to the network node in a campus environment. which as you know, the processes get more powerful, the cpu chips go to gpu chips, and as a result, higher density

deployments are required, and if you can directly connect with efficiency, it can save a lot of costs. >> you saw the news today about digital reality. is this the beginning of a lot of consolidation, because there really are only a couple of companies that are special enough to do what you do. >> i don't really know their thinking about their merger, so i don't see it as the beginning of a trend, we are in somewhat of a differentiated product for the most part, so it doesn't seem to have much impact on us. >> if someone were to go inside one of your facilities, please tell people exactly what you would see. because a lot of times people are saying, that sounds really good, but what's in those things? >> mostly racks with computers in them, servers. but they'll see in our facilities a range of servers that run on three to five kilo

watts per rack, which are typical processing power, with much more significant cooling requirements and i think the thing that would strike people the most is the engineering around power and cooling and how it changes from space to space and room to room depending upon the deployment. >> and it must use a gigantic amount of power, a data center? >> that's one of our biggest focus is to improve power efficiency. that's partly why this campus model works is because most of these network nodes are in less efficient carrier hotel space, hard to cool it efficiently. but if we can build scale next to it, we can achieve for our customers much more efficient power and lower their cost. >> there's a company nvidia,

it's stock trades pretty crazily, i have liked their stock for a long time, it went up and down today. they say they have a chip that's actual to 400 servers that will come out this fall, will that impact the -- >> historically, and i think the same will bear fruit here, as processing power has become more efficient, therefor less costly, it has enabled more use cases for data. so the demand has continued to see the improvements in processing power. and there are some things on the horizon that require this type of processing power to really go commercial in a big way, autonomous driver vehicles, internet of things, artificial intelligence, and a lot of the cutting edge data analytics we'll see over the next 5, 10, 15 years. >> what i want people to understand is these are

differentiated products, but almost every single major tech company uses corsite, right? it's amazon, but it's everybody, this isn't anybody that i didn't see there of the companies that we all -- >> i think we have pretty much all of them in our data centers and a lot of our peer companies do as well. these companies have great demand, we just are in that space that has, is a bit more differentiated and provides a bit more customization that provides a certain segment of customers. >> if that volatility today was too much for you when it comes to the big tech stocks, the fanning stocks. this is a less heart stopping way to invest. that's paul zurich, president and ceo.

"mad money" will be right back. ♪ 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.

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what in the world is going on with chicago bridge and iron, cbi. that company has seen its stock get cut almost in half so far this year. including a 15% decline this week alone. the move by itself is pretty stunning, but what makes it even more surprising, is the fact that back in november, chicago bridge and iron was seen as the quintessential trump stock, the kind of company that could benefit from the president's infrastructure agenda and his

embrace in domestic fossil fuel production. so how did chicago bridge and iron manage to lose 15% of its value during the week that the white house dubbed infrastructure week? [ buzzer ] and what's behind the longer term decline to cause the stock to plunge some 80% from its highs in april 2014 in? more importantly has chicago bridge and iron finally fallen to the point where its stocks represents real value, or it still way too risky to own, even down here? let's dig deeper to find out. contrary to its name, chicago bridge and iron makes most of its money from the utility stream, upstream, downstream, bulk natural gas and we cover all those here on "mad money," they also do some work on work

on water and wastewater and provide local governments can engineering services. the company divides itself into four pieces, engineering construction where they actually build all the stuff, fabrication services where they make piping solutions, storage tanks, capital services where they provi provide management technology. that's what chicago bridge and iron does as a company. but from a stock percentage, it's just going down. this week's decline has been staggering and the latest in the long line of beatings that's taken this stock from just under $90 three years ago, down to 16 and change today. because of all the sweetness, it started off pretty straight

forward, chicago bridge and iron is an energy infrastructure company after all. for 18 months oil and gas went relentlessly lower which had a chilling effect on oil production. but that doesn't explain all the recent weakness. in 2014, the company's record improved by 15.9%, no problem. in 2015, .3%, so far in 2017, chicago bridge and iron has experienced a massive 31.5% revenue decline, just an incredible beat down and you can't just blame that on energy anymore. the fact is chicago bridge and iron is also suffering from a bunch of company specific missteps that have cost them

dearly. it all goes back to a pair of acquisitions in 2012 and 2013. first in 2012, the company spent 12 million buying shoal group. shoal was a major player, but cni only paid a modest premium to acquire the thing, but they also took on an enormous amount of debt. by march of 2014, they had 1$1. billion of long-term debt. and we're going to hear more on that later. the other important acquisition occurred in 2015, when chicago bridge and oil bought a company that concerts synthetic gas. the company bet on an industry,

coal, an industry that went out of style and president trump can't reverse that. 2017 started to get really complicated. among those companies that shoal bought was -- but the partnership became troubled experiencing massive cost overruns, these plants turned out to be too hard to build. so the two companies came to an agreement. cbi would take on westing house's debt. when it came time for the companies to compare notes and find out how much money was owed, the numbers were very far apart. westing house said that chicago bridge and iron owed them more than 2 billi$2 billion chicago

and iron said that westing house owed them 2.5 million. then they appealed to the delaware supreme court. we still haven't heard a decision yetz. but chicago bridge and iron seems upbeat and confident and we'll probably get a verdict any day now. but this whole situation is a big mess. what's more is that westinghouse had to go bankrupt. so even if chicago bridge and iron wins the suit, they may not be able to collect all they're owed. and if they lose, 2 billi$2 bil. a few weeks ago, the company's long-time ceo announced he would step down. shareholders greeted his

retirement with glee. in february, chicago bridge and iron told us that it's selling it's capital services business to a private equity firm, ver y veritas. it forced the company to recognize a noncash good will--m speaking of desperation, the reason chicago bridge and iron has been clobbered this week, because a private research firm came out with an article. this means that chicago bridge and iron draws down more debt than we see on these financial statements. basically these numbers are window dressing to make the

picture look less bleak. the maximum draw down over the previous 90 days was $1.7 billion that indicates that things could be worse for chicago bridge and iron than they look. at these levels, the stock is tradinged a four times earnings, that's the lowest price to earnings model. but you need to remember, this could be the ultimate value trap. here's the bottom line, sometimes stocks go lower because they deserve to go lower, never go bargain hunting with a busted piece of merchandise. but if chicago bridge and iron wins the lawsuit the stock will pop. instead stick with companies that had good fundamentals and watch cbi from the sidelines,

it's a binary outcome. in other words this one is not for the squeamish or for widows or orphans for that matter. >> caller: my question is about nucor. >> i think nucor, first of all, i should tell you that my travel trust owns nucor. we have been felling people that this company is the biggest thing that the commerce secretary is doing to keep out unfair imports so i think that nucore is a huge buy. they will be a winner if there's a level playing fields for u.s. manufacturing. when a stock goes lower, it can go lower, but you only need to buy the ones that have got

fundamentals. there's some serious cash being spent in the animal kingdom. can the move continue? or are you barking up the wrong tree in or maybe you should consider the artist formerly known as cramer. i'm going by nvidia, i'll tell you what that new nickname means. in all your cars, this week's edition of "the lightning round" and a look back at "the week that was," so stick with cramer.

over and over again this year, we're seeing individual stock after individual stock that just won't stop roaring higher.

now if you just own a low cost index fund that mirrors the s&p 500, which i recommend you doing with most of your retirement money. but when you've done that, offensive you had -- after a monster 60% gain last year. 40% on top of the 60%. so what's driving this magnificent move? a rally that's imminently gettable because i have been recommending the stock pretty much every step of the way. but is this the place you should be buying? the story is about the humanization of pets thesis. as i have told you before, these days more and more people are buying cats and dogs, and inamerica, they're increasingly getting treated less like

animals and more like members of the family. people are willing to spend money to keep their pets healthy. we buy them the best foods, we get them the best health care. 68% of u.s. households now own a pet, up from 50% roughly 30 years ago. and the number of households has also increased pretty dramatically, which adds up to a lot more animals. but while quality as a quality of it's own, is not so much the sheer number of pets, it's that americans are willing to spend a fortune to keep them alive and well. in 2012, we spent $28 billion on pets in this country, and in 2014, that number doubled. plus we collectively shelled out more than $60 billion for veterinary care. what do these guys do

specifically? idex makes veterinary testing amou the bulk of their business relates to companion animals. the company also has a smaller livestock oriented division, also testing water quality, and even selling software that helps veterinarians one their practices better. when you go to the vet and they can do the tests right there for blood or urine or doo doo. when your vet needs to send samples out to an outside reference lab to get test results, idex too. i don't want to make it sound like idex is in the right niche at the right time. this company has been coming up

with better and better service products. idex has generated the highest percentage of animal diagnostic category. the company came out with a test that transformed the veterinarians treat kidney disease in cats and dogs, allowing them to catch it months or even years earlier than before. the company also came out with a veterinary analyzer that allows them to do all this testing in house. this has given idex a -- vets need to buy additional what's known as consumables. that's why 85% of idex's revenues are recurring in nature. i always tell you, that's the ultimate. that's intuitive surgical and it's also gillette. we aren't the biggest animal

lovers in the world. the rest of the world has twice as many pets as we do. but they have been slower to adevelopme adapt animals treated line human. right now idex gets 30% of its sales from overseas, but if that company's right then that figure could grow by leapings and bounds. at the end of november, the company released a top and bottom line beat. on the conference call they noted tremendous strength in their international division, right now the company has 11,000 of itscatalyst analyzes it. this transition has been so

successful, they have announced a major increase in their field presence, adding three new regions, 45 new sales reps, they're rolling out some new tests and idex just finished rolling out an advanced version of it's veterinarian urine analysis, so it's liquid gold. it takes a machine learning approach to do a better job of spotting signs of disease or parasites. there's just one issue, the stock is up more than 80% over the last 12 months, after that kind of run, some investors start to freak out about the valuation. that's why earlier this month analysts at ageis rated it as an out right sell. my view? when you look at the company's closest competitor which makes portable blood analyzers for

both animals and humans, but they're struggling. idex is not struggling. idex will likely post 25% earnings growth, a major acceleration from last year's 16%. in the end with idex, you're paying for the best house in a great neighborhood. given idex's track record, you might be waiting for a very long time or you only have a small window of opportunity. when you have a huge long-term theme you believe in, you need to stick with it. idex is executing and it's on fire. but as the higher growth of the banks, drugs and oil continues, you'll likely get a chance to buy the stock at a lower price.

it's a long-term thesis. stick with cramer. it's an important question you ask, but one i think with a simple answer. we have this need to peek over our neighbor's fence. and once we do, we see wonder waiting. every step you take, narrows the influence of narrow minds. bridges continents and brings this world one step closer. so, the question you asked me. what is the key? it's you. everything in one place, so you can travel the world better.

it is time, it's time for "the lightning round." [ buzzer ] and then "the lightning round" is over. let's go to sam in washington. sam? >> caller: hey, jim, big boo-yah from d.c., second time caller and recently engaged to my beautiful fiance. i want to know your thoughts on the king of the rings, tiffany. >> the fact is the stock didn't go down after they reported which means it's okay to own tiffany. tony in new york. >> caller: new york loves you, jim, and two thumbs up for your staff. i'm wondering about nasdaq. >> this company is doing very, very well, it's a data company. marty in colorado. >> caller: boo-yah from brooklyn, new york. >> go to my bar, san miguel.

>> caller: i want to know what you think of ocular therapeutics, ocl? >> i don't know ocular therapeutics. i'll have to get back to you. ben in illinois. >> caller: thank you for taking my call. i'm wondering about mazor robotics. >> the television authorities rated the company, it's down 10 points, the company has not indicated what's wrong and doesn't seem to know and now that the authorities haven't told us, i'm reluctant to say don't worry about it because we don't know what the cause of the investigation is. and they have to come back on and tell us and we welcome them back on our show. let's go to lori in illinois. >> caller: my question is now everything is going great for disney, except for espn, do you think the stock can overcome

that issue? >> i think you need to take a longer view of disney. because the espn business is going down, this time next year, people will not be focused as much as espn declines, so i'll buy some now and if it goes under $100, i would buy some more. >> caller: thanks for taking my call. my stock is trinseo, tse. >> i'm looking at exalta, i think that looks better. >> caller: i have a question, i have a stock international gain technology. >> after the initial takeover, we are -- >> caller: the reason i'm

calling is regarding sketchers. the stock's been moving up the last couple of months or so and some analysts are really favorably inclined to what is i assume based on getting into the chinese market. what is your take on sketchers? >> sketchers went from being a very inexpensive stock, to a very expensive stock, i think you're fine with sketchers. and that is the end of "the lightning round." it's a triathlon of terror, that no bull can pass through unscathed, right? wrong. the anointed 15 stocks, buy on weakness. mention my favorite, dlf has had

a pretty bumpy ride this year. i asked them to play some coltrane last week, i got some soft jazz musician without a lot of heavy lifting, in july of 2005. yeah, we've been on that long. and you got jim, lee. >> caller: okay, jim, it's lee. >> hey, lee, how you doing? it's jim. that's a masterpiece of graphics. heather is great at following the script. it's not easy to do this show. what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second.

you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade. looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. it's jim.

today i asked my colleagues from "squawk on the street" to stop calling me jim, from now on i want to be known as nvidia. it's not that i want everyone to go by nvidia, but in recognition of the fact that this stock has become one of the anointed. perhaps too anointed. i think the stock of nvidia by sheer momentum has become a self fulfilling prophecy. at this level, it overruns what

analysts were expecting, so they have to raise their price targets again, giving them a whole new set of reasons for their comments. it goes without saying that i like nvidia as a company, it's all the things you want from a semiconductor company, specifically a technology company in general. they're among the best for self-driving cars and many of the world's auto manufacturers are embedding autonomous driving features. you can only imagine what it will do to the data farming industry, it's chips are also the most explosive part of gaming, nvidia's graphics products are the fastest. we flow from our work with take

two interactive, that these chips allow live like interactions only your screen. poetically, you need the chips for the switch, nintendo is now the most popular game in the world. their chips power voice interactive machines like the echo. they're being tried throughout the cloud. you hear about machine learning, you are almost certainly learning about nvidia semiconductors. so you have a real blast off here. some are comparing it to what happened to intel, when the stock went from $1 to $66 at the top in march of 2000. if nvidia were to emulate that, it could go to almost $10,000. i know that preposout of tech a

oil, health care and some industrials. one thing that i do find antithetical from my own style of investing, i'm waiting for subscribers feel and feeling a little defensive as of late that we haven't bought everything tech. and i have been wary of being swept away by the recent euphoria, because i know that pull backs happen like today. that's why you need to diversify. remember my view, i said when we get pull backs brought on by extraneo extrainoe extrainous circumstances. that means you're going to get

another chance to buy it at a better price. perhaps next week at this time. i never sanction going out there and paying for those growth stocks up, up, up. chasers get hurt, and that's exactly what happened today. no need to chase, these names will come to you. that's when you make your move. the hottest stocks do cool down, they shake out the weak holders and they start all over again, and that's precisely what i expect the stock of nvidia to do as early as next beak. stick with cramer. we just want to stream live tv. and we want it for 10 dollars a month. (raspy) wow. i'd like that in my house. it's a very big house. yeah, mine too. look at us. just two bros with sick houses. high five. directv now. a big streaming deal for 10 dollars a month. it's entertainment your way.

to be a nightmare! does nobody like the future? c'mon, the future. he obviously doesn't know intel is helping power autonomous cars and the 5g network they connect to. with this, won't happen in the future. thanks, jim. there's some napkins in the glovebox. okay, but why would i need a napkin? you could have just told me a bump was coming. we know the future. because we're building it. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly.

it's rotation out of growth into value, lasts for a couple of days, but you can start buying the growth stocks if they get hit again on monday. don't think they're going to bounce right back, it may take a couple of days. remember, there's always a bull market, and i promise to find it just for you. i'm jim cramer and i will see

you monday. >> 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." ♪ are brooke bryant and brittany hayes, who are hoping to elevate the decor of children's bedrooms. hey, y'all. we are the georgia peaches behind the next multimillion-dollar children's decor company, addison's wonderland. my name is brittany hayes. and my name is brooke bryant. we are seeking an investment of $90,000