>> home depot, this thing is exploding to the upside. >> sadly i've got to sell del taco, their position is too big. >> america's not buying but i'm buying it. go get it. >> see you 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 trying to save you money. my job isn't just to entertain but to educate and teach you call me at 1-800-743-cnbc or tweet me at @jimcramer if you want to invest in this market sometimes you have to be able to forget about what is

happening in washington and focus on wall street the capital can be a disturbing side show. the truth is, there's a tremendous disconnect between what our leaders are doing and what our stocks are doing. that really matters. on day like today with dow gaining and s&p advancing .12% to record close and nasdaq ending flat, very much in the grips of washington. even though after you hear this top monologue, i think you'll agree we shouldn't be. first complain how political news interacts with stocks in general and then drill down to the specifics. facts. biggest single legislative push out of of washington this year is effort to repeal and replace obamacare. maybe that's not how president trump wanted it to play out. i think he favored tax to promote economic growth.

did he compromise with republicans in congress? did his allies hijack the agenda because hated obamacare so much couldn't think straight? doesn't matter now dodge. if you hear ryan talking about putting it back on the agenda, tax. they were afraid to embrace it even though did well under obama because saw stocks as domain of rich people and figured rich didn't need any help but now the republicans are in charge i think part of the confusion here about us and washington is that some investors believe that people running things really care about the market as tremendous wealth creator and barometer of how they're doing it's not true. sure we know from president's

tweets that he buys in, stock market has been a nielsen ratings game for trump and by that account he's winning but i don't think people in congress subscribe to this view, even republicans. crucial to understand. stock metaphor to explain the dichotomy between congress and what you need to do with portfolio. pundits act as though washington calls shots with the market. if that would be the case should be able to make money betting with it. but stock most sensitive to repeal and replace debate is centene. a huge winner in obamacare and up almost 70% this year, capitalize on it single better way to protest on bet that repeal and replace

would fall apart and current system would stay the course bet that house speaker paul ryan, more committed to trashing obamacare than anyone else in washington would blow it he did >> the house of pain >> sell sell sell. >> when you're investing hard-earned dollars, you need to know who to bet on and against after all the times ryan said health care bill was sure thing should have little credibility with you but once again this morning telling us that he's sure tax reform will pass and pass this year i almost wanted to grab a brick and throw it at the television look, i love some tax reform i want more competitive corporate rates, repatriation, middle-class tax break and aside from infrastructure program which this congress would never pass, cutting taxes is probably most efficient way for

government to get the private sector roars call me all in with what gary kuhn had to say today but to me ryan set us all up for total failure once again no way that something so complex can get done so fast especially current plan with so few details might as well have been written on a cocktail napkin and ryan tells us doesn't need democrats to pass it. but if he wants to get rid of the state and local tax reduction, no chance of winning over republicans from high tax states, could be getting hit political suicide for any republican and fiscally conservative republicans have to be appalled at the tax plan. if don't produce huge economic growth, bust the budget. some of these congressmen

believe they were sent to washington to get it under control not blow it upment won't be mollified if ryan loses them and no democratic support, the bill is dead on arrival. one step further if you know repeal and replace failed miserably and centene stock was winner, you have to think going to fail again and backfire my favorite line from macbeth, all is a tale told by an idiot, full of sound and fury, signifying nothing moreover, there had been a sense that at the moment reform is easier than health care because cutting taxes more popular than gutting medicaid however the plan increase in lowest rates dooms whole thing. democrats will spend rest of the year talking about that. it's clear with deductions the rates go down, 10 up to 12 goes

down but optics, could they have been worse easy headline. been a headline writer since '77. say that anyone who makes below a certain amount won't have to pay taxes? too fanciful nixon proposed that 45 years ago. first conclusion, you may like tax reform and think shouldn't matter to investment strategy but i'm on the hunt for the next centene, stocks to do well without tax reform because the republicans overpromise and looking to under deliver in all my talks with obama people i heard that all tax reform had to be comprehensive to me that meant forget about it now with the trump administration, comprehensive tax reform once in my life in 1986 and it

worked president reagan worked closely with tip o'neill, democratic speaker of the house to get something done took forever and hard but bipartisanship does anyone see that happening now? i was a young cub reporter covering some of that debate about tax reform comprehensive. there were heated discussions for months about trying to stop people from turning highly taxed ordinary income into lower tax capital gains, for months. i wear a year-long debate about recapturing income loss from real estate access sales that had been depreciateiated took forever if that took forever does anyone think any of this will be easy in more difficult than what i just mentioned bottom line, i care about things that can move stocks

not for a few minutes or few days, but genuine impact on the future of companies you invest in i can tell you that so far i've heard nothing about this tax reform push that would make me alt are a single investment. many were fooled by failure to repiece and replace obama, take your cue from the who and don't get fooled again stephanie in west virginia >> caller: hi. thanks for taking my call mr. cramer >> strictly my pleasure. >> caller: i'm extremely new to investing and recently read that cvs farm sizz, effective february 1st, will be limiting narcotic prescriptions to seven days my question is, will that be affecting the sale of their stock? and do you see the possibility

that other pharmacy chains perhaps will follow suit under maybe a government mandate >> cvs is health and wellness company, first to stop selling cigarettes i interviewed mr. merlot on the show one word, amazon i read that amazon is getting it, i think are cvs is great stock, fabulous but up against amazon -- ron in texas >> caller: proud to talk about you. about two months ago you highlighted brinks bco. >> horse sense, a good call. >> caller: you highlighted it after the earnings and it was up and bouncing around for a couple of weeks, then it settled down absolutely flat. and stayed flat until two weeks

ago when there was a large volume input, one day. and it was 20 times the daily volume and -- but the stock never moved. at that time and for two week l until yesterday. it could have been in my opinion a short or a long. how can we tell which that is? >> you really can't. even when i was in touch with every single broker trading at hedge fund, it would be difficult to find out. lot of times that's masked that's why i fall to the fundies, there's nothing like brink's, they own this business and people doubted me when i said pot stores were a player for brink's because they can't take charge cards.

only going to get bigger up 100% this year. don't be fooled, not much out of washington to invest in. unchanged despite the 24 hour news cycle that began to bore me on "mad money" tonight in wake of the hurricanes harvey and irma, can air strm keep up with the demand of rebuild? something to do with earnings. sit down it the ceo later. hottest stocks out there but have the bears backed off of wayfair? buyback and new growth target, can it continue? i've got the ceo stick with cramer. >> announcer: don't miss a second of "mad money," follow @jimcramer. have a question, tweet cramer, #madtweets send an e-mail to

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i've said it before, i'll say it again some companies deserve the benefit of the doubt when their stocks get slammed use that as opportunity to do some buying. incredible comeback in four industries top maker of recreational vehicles and motor homes under a host of brands last time we checked in in march on the defense amazing quarters but thor's stocks eviscerated with numbers really good but not spectacular. investors walked away. 113 to 89 at low in april. 6 1/2 months and thor is living

up to its name proceeded to turn into more generally spectacular quarters making new highs, trading up to 123 as of today. thor posted a monster 31 cent earnings higher than expected sales and one of the greatest of 2017. can the stock continue its march? robert martin, ceo of thor industries welcome back to "mad money." >> always a pleasure. >> looks like it was organic growth that drove this upside surprise where are these new people coming from? >> truly is. we talked to dealers, came out of the biggest dealer event of the year younger buyers coming into the space.

front edge of the millennial but genx, geny, boomers still the meat of the market but younger buyers, smaller, more affordable units, trailers and motor homes. younger buyers finding ways to use rv that resonates with them. they like to explore >> when the stock went down, i propounded that thesis to everybody and they said jim, that's anecdotal but that's not true you have facts about this don't you? >> studies from the rv industry association showing the age is dropping lot is anecdotal also from dealers. watching younger families and couples come on to the lots and into the shows record attendance last year and a half younger buyer is gravitating towards way of exploring u.s.

and all of north america >> could this be part of larger theme. listen we want to pay for experiences and show them on instagram and best way to visit america is through camping with a thor industries motor home or tow vehicle? >> yes we had a partnership with the customer in one of the cougar fifth wheels and they were doing just that. millennials out sharing travels across the nation. its just part of their lifestyle. we partnered with them letting them use a brand new unit using older cougar fifth wheel and they now have a brand new unit that represents what a lot of people are doing. continuing to see this grow. for us it's a long-term story. this is a -- you know a demographic that as they really enjoy travel, going outdoors, but also tailgating, concerts,

finding so many different ways to use an rv, we think the opportunities are endless. >> thinking that too i was going to talk about college games, your tough is everywhere on the weekends, everywhere. integral to the experience of visiting a school that your kid goes to on a football game is this also a spur for demand >> definitely. i personally was at purdue university last weekend for homecoming and dad's day to visit my daughter. it was hot, everybody came into the motor home probably 25 or 30 people in there in the evening great way to put your food out, cooled down. but for hot day, cold day, rainy day, rv is perfect then look at s.e.c. schools, 2,000 motor homes at a game. just a way of life that continues to grow.

>> bob, there are people -- fema's desired way to help people not necessarily motor homes but with three disasters must be a spur i don't want it to be the story because it will end but in your terms it's helpful right >> right now trying to help any way possible some dealers selling units to individuals affected by the storms really been very little by fema. for us we sell through dealers anyway lot of the contracts would be through the tealers and sore far the numbers have been small but companies, insurance companies, people that have made the choice they would like one. and for us, saw a lot of people escaping the storms in rvs, what a better way to get out of harm's way, you have all your water, all your belongings with you. you can take them all in the rv.

it's -- they're traj diz and we're trying to help any way possible but that is not the story. >> one last question i don't know if older people know my generation. i had to go inland your things are packed with modern-day electronics that millennials love, aren't they? >> they are. our small and big motor homes have three to five tvs, travel trailers have multiple flat screen tvs inside, outside electronics that control the awning, stabilizer jacks, tongue jack, air conditioner, and lot connect through an app on your phone. we're designing these rvs for the younger buyer but even the older buyer, it's easier to use rv and plays into the long-term growth mode of the rv industry. >> i'm a believer. next time it goes down, i hope

people listen. secular trend just started bob martin, congratulations on the amazing beat last night. good work. >> thank you very much can we stop losing hard if there's a given quarter not as incredibly spectacular thor is here to stay and dominant in its industry "mad money" back after the break. >> announcer: coming up, can a smartphone super cycle power this to profits? cramer has the ceo of a company pushing their chips all in >> every advanced display and semiconductor chip in the world is made with our products. >> announcer: when "mad money" returns.

break. at times this business can get really contentious every now and then you'll come

across a battleground stock. a name that's so controversial it's financial equivalent of a war zone just look at wayfair that's w for you home gamers online furniture retailer with stock as divisive as it gets every time analyst comes out with positive piece of research on wayfair, somebody else has a bearish retort often the rebuttal comes from infamous founder of research outfit that specializes in hating public companies. often correctly. given that wayfair is one of the more shorted stocks around, shows that many are betting against it but plenty of company even if fellow bears are quieter wayfair is intriguing story. i did a deep dive in 2015, ten months after he came public.

i like the online furniture, superstore concept, more skeptical about the stock itself worried it was too risky to invest in. next 18 months traded like seesaw, world war i style battleground of attrition stock. fighting between the bulls and bears but neither made much headway. but bulls finally scored a breakthrough, higher, $39 to $70 today. 80% gain i don't regret telling you to avoid wayfair in 2015, stock did nothing for year and a half but wish i had circled back and pounded the table on it. i didn't what matters is even after the remarkable move, bears not ready to surrender dug in heels came out with another negative

tweet and stock slammed back down suddenly bears seem to have the momentum even been on the wrong side of the trade for ages in the end who is going to win this battle? $64,000 question wayfair's most recent rally, was it decisive win for the bulls like the 1918 -- when the german army finally collapsed or temporary offense rolled back, like russia's offensive that nearly knocked austria out of the war before unraveling wayfair reported a blowout quarter, delivered higher than expected sales and smaller than anticipated earnings loss and gave strong guidance for the next quarter indicating that growth rate was accelerating again. back up to 40%

stocks rocketed up 20% single session short sellers got squeezed many forced to buy in shares to close out positions. early august wayfair posted another excellent bottom line beat with robust guidance and bullish -- from management on the conference tall. repeat rates rising. people returning to site and buying more stuff. holy grail of sales. but one flaw in it ramp up investments in advertisements and hiring more workers. using amazon template hoping to grow and take over the furniture world. received a slew of upgrades and bullish mentions from many analysts in june oppenheimer did the same thing, wolf research then initiated coverage too.

it's loved why are all the analysts falling all over themselves to recommend wayfair? truth is there's a lot to like accelerating revenue growth. something that money managers pay a premium for. and margins are improving so could someday, somehow report a profit bear thesis? some elements not changed much last couple of years but stock screamed higher, shorts rolling out. first the bears are concerned that amazon is making moves in the furniture space and sooner or later crush wayfair like it crushes everything else. problem that amazon had with furniture is demanded all suppliers sell nationally. many furniture stores don't have the ability to ship outside of their region so over the summer amazon rolled

out new plan furniture retailers can use the company platform if they operate locally. then learned that amazon was building four massive new fulfillment warehouses for bulky items like furniture giving bears ammo. and article in "the street" recently claimed that wayfair's business model doesn't work and cash flow is quote an illusion contends the operating cash flow would have been negative if not for growth in liabilities and unpaid bills amazon bought whole foods and food stocks obliterated, saying this could happen to wayfair and sold $220 million worth of stock, not a vote of confidence. favorite bullet point. so lost last report didn't have word amazon in their report.

touche excuse this ridiculous cough almost none of these arguments seem to get much traction but then last wednesday, he's really into this, he struck again. tweeted support of academic paper published by emory professors at university of pennsylvania wayfair plunged today. what was devastating about a high level academic paper? professors tried to come up with way to pin a value on wayfair's current and future customers based on how much they make from these customers and how much they spend to acquire them in the end professors said it's worth $57, down $24. wayfair is doing better. stocks were higher at one point but think the shorts, getting shrill but make some sense it's battleground stock, i

loathe them. i wouldn't go. this is a rock what's left? throw up and wouldn't need a drink. i think whole thing is too dangerous to play in craig in michigan. we can cut that out in post. >> caller: boo-yah >> what's up >> wanted to ask you about william sonoma, heavily focused on enhancing the consumer experience especially online but given retail in amazon era, do you see upside for long-term play >> it's a shame. think doing a fabulous job west elm is terrific 3% yield andquarter great but amazon thing going for it. saying amazon is going to wreck it i'm positive on williams sonoma.

get me out of here before i choke. when i bulls and bears go head-to-head, a chance to big deeper and win wayfair, i say pass. much ahead exclusive with ceo of applied materials. smartphones to artificial intelligence, is behind-the-scenes tech the way to play? i've learned so much from him over the years it's your turn. best stock picks not from big money managers, closer to home highlighting top picks and inspiration behind them and all your calls rapid fire. lightning round. stick with cramer. >> announcer: how did the markets do you heard fine what's your bottom line. it naturally begins to change,

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last night i talked about the incredibly strong quarter for micra, a semi conductor maker. not only ones in the industry saying amazing things. also got important news from applied materials. according to the company, end markets looking very good thanks to strong demand for all sorts of chips and applied materials

gave us a bullish for years. and buyback, substantial for the company. roared up more than 6% yesterday, 3.6% today. if right about the long-term, could be a lot more room to run. gary dickerson is the president and ceo of applied materials get a better sense where his company is and his head. welcome to "mad money. honored you've come on the show. long admired your company. happy 50th anniversary. >> thank you times never been better at applied materials. >> start at 30,000 foot level. your unbelievably good presentation, available to everyone you say our vision is make possible technology that shapes the future. that's really what you do.

>> every advanced display and semiconductor chip in the world is made with our products and doubled. semiconductor content increasing capital increasing. >> display, bendable things. >> large screen tvs, foldable mechanical devices every tv on the wall, smartphones in the pocket, all with applied materials >> talk to us about inflection points because there are gigantic inflection points in technology and you've been involved in every one. >> biggest thing right now, explosion of data. everything is smart today as you talk about all the time. storing more of that information. so memory chips are increasing in the future, the biggest inflection that's going to change all of our lives is ai

and big data data many people talk about as similar to oil but oil is no value unless you process it and put it into something like automobile same thing is true with data you have to have high performance computing to turn that data into value and many people talk about this inflection being the biggest in our lifetimes. >> bigger than the pc and cell phone. >> absolutely. trillions of dollars of economic value created and disrupted. and at foundation of that is applied materials. >> sounds like there were times when critics of the industry saying it was boom/bust. this doesn't sound like that >> everybody has long memories of the boom/bust pc enterprise, waiting for operating system upgrades. then mobile and social media

pervasive. everybody, billions of people with data centers in pocket. annual war for leadership, christmas and chinese new year but in the future transportation, health care, entertainment, all these industries will change in amazing ways and create trillions of dollars of economic value. so you also have this war for ai architecture leadership that probably will be the biggest battle of our lifetime. >> aren't you the arms merchant, every side i love n individualia. >> the chips are huge, ten times bigger than application processor. incredibly complex power in the performance, materials that create the power and performance comes from applied materials. in the war for ai architecture leadership, applied will win no matter who ends up winning.

>> mentioned chinese new year. you're maybe one of our dominant manufacturers in china. >> this year close to $3 billion in china extremely high market share in display and semiconductor chips in china very strong position. >> on materials innovation, no other company has figured out moore's law basically. >> transisters that interconnect and wires everything together, those materials come from applied materials. same thing is true with organic l.e.d. displays on mobile devices. wraparound displays, that innovation comes from our equipment. >> talk about where we are in the cycle. talked a lot about how this time the investment in waiver fab

equipment is extraordinary versus other eras. >> comes back to pc enterprise all still remember boom/bust. >> i'm old enough to remember. that's why i wanted you on for people to forget about that and think about the future >> people have long memories now billions of users, every year this war for mobility leadership and it's pervasive so the business has fundamentally changed. if you go back to 2010 going forward, we haven't had down cycles. >> incredible. >> volatility decreased by factor of three from pc and enterprise. >> still plenty of people say wait a second. marginal chip by marginal semiconductor company and whole thing goes down. micron, people cheered when said no new capacity. how do with scylla and

charybdis? >> one of the things happening is explosion of data memory shipments are tracking closely to this explosion of data in the data center, solid-state drives taking more of the hard drive market there's tremendous economic value there. if you go into a data center, lot of the cost from power consumption and heat basically and the solid-state drives with new memory devices can take 35% of that hard drive market. it's tremendously economical these drivers on smart everything, data center, they were never there in the past they're there today and that's only going to keep growing. >> it's not just humans creating the data we're not that big a portion of the data. >> there's models. lot of big companies have models

on where is data generated in the future if you look at smart city, all the different sources of data, the models suggest that people will only generate 1%. when we see nonlinear inflections, it's hard for all of us. we have long memories of where the past was hard for us to extrapolate anything nonlinear into the future >> mr. morgan taught me a great deal, you've taught me a great deal this is a company you revere and stock you don't trade but own. gary dickerson, president and ceo of applied materials "mad money" is back after the break.

it is time then the lightning round is over are you ready? ken in massachusetts. >> caller: how you doing

gentleman jim? pound the tame for applied materials, i loaded up for land research, broad com utx. that's what i call a big -- massachusetts cha ching boo-yah. >> hit them all. what is next >> caller: dupont? >> repound the table now guy talking down the stairs with me last week, cramer, what do i buy? dupont right here because see you next win, you'll be smiling. i don't think greg hayes, the ceo of united technologies was as good as you charles in new jersey. >> caller: boo-yah gym question for you long-term take on clr? >> it's okay

long-term, it's been wrong in short-term but long-term, as i tell club members, it's apache, apa. still believe in alpine high and mr. crispin. rochelle in new jersey >> caller: calling about anthem. it's true in the last couple of days it did creep up somewhat. however within recent history it did go down about $14 from 196 high to 182. i was wondering why that big drop what do you think about the future >> political story went down on politics. same with united health. all buys i like that group very much. charlotte in texas >> caller: hey get them aggies. >> i love the aggies what's up?

>> caller: calling about pfizer. reading up on it, seems like going in direction of taking about four of experimental drugs, decided to shelf and putting into new company springworks therapeutics i've come in a large quantity of pfizer stock and wondering where should i go with it? >> hold on to pfizer stock it's doing a terrific job. like the company very much pfizer is a -- >> buy buy buy. >> that's the conclusion of the lightning round. >> announcer: sponsored by td ameritrade 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. directv has been rated #1 in customer satisfaction over cable for 17 years running. but some people still like cable. just like some people like banging their head on a low ceiling. drinking spoiled milk. camping in poison ivy. getting a papercut. and having their arm trapped in a vending machine. but for everyone else, there's directv. for #1 rated customer satisfaction over cable switch to directv. call 1-800-directv.

i give up. from now on when it comes to spotting new trends, just totally take my cue from wife and kids let's get real, sometimes i'm too busy or too old to see things the way they do them on. is it because i'm in yoga? no learn from the ceo of lululemon?

no from my wife. confirmed what she knew. one of the few companies still putting up decent comps but e-commerce is growing like a weed stores bring in people come back with new models. talk with staff, it works. community-based approach to brick and mortar retail. i think it's safe to say this one is more about mind philosophy than athleisure especially it has mind philosophy room at new flagship manhattan store. it's a mindset explains why lulu's stock not taken down by nike's numbers and daughter is on two-month camping trip around the country. she and boyfriend doing it on

budget thae tent that unfolds, not comfy but making great experiences take-away, camping and experiencing means buying a thor vehicle. tho, the largest maker of rvs. blew apart last night in one of the sharpest displays yet of what people are willing to pay for in this new economy. numbers outstanding. just follow the money. money spent by my wife and kids. try to tell myself, business expenses, easier to swallow. they're not but it's really a business expense it's been for years. enthusiasm for apple started when i bought my daughter two ipods, birthday and christmas holidays, same year. thought she lost the first, no, wanted different color

a fashion accessory. when college-aged daughter asks for money to go on cruise, quintessential old people activity, there's something. opportunity to take pictures and post them. new camping, rebranding. can't make this stuff up can't make up amount of money it can make for you in your portfolio either i don't shop in our house but can tell you number of amazon boxes i've tripped over last four years has got to led to triple in the amount of business we do there. not just books and clothes but food and paper goods, kitchen and bath we live next door to supermarket. it's a changed world unless you're in touch with those around you, probably too darned busy working to see it. stick with cramer.

there's also a work. i try to find it for you 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." ♪ whee! whee! my name is david mealy, and this is my wife dominique. "nique" for short. look at me! we live in tampa, florida, with our son austin, and we are expecting our little girl caroline in about two weeks. nique and i have been married for five years. i met her my very first weekend here in florida. i landed a job with actually two of the largest golf companies