apparently not enough people watch it but discovery communications on all this noise we talk about at the top of the show, that will get you. >> be nice to the tigers >> i'm melissa lee, see yo 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 isn't just to entertain you but to educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. don't be so quick to ascribe today's epic rally to the fact that house of the representatives passed their version of the tax bill.

sure it helped but we were roaring long before that, thanks in large part to efforts of two brilliant chief executive officers stocks were high dow and nasdaq and much comes to the performance of two stocks, cisco and walmart. which pleasantly surprised us with their numbers these are both turnaround stories people nothing proves worth of a ceo like executing a turnaround. doug mcmillon, took over three careers ago and led remarkable revolution at retail giant where 100 million people shop each week, monster company. first thing he did, drop a bomb. told us would spend as much as possible to take on amazon,

seemed fanciful at the time but said do with service and better paid work force. understood the weakness was keeping good people. training new people is dead weight raised price they paid people. at the time viewed as heresy now seen as brilliant. walmart still run with input of the walton family. they want to win phenomenal 50% online growth this company runs like walmart of old, the one i recommend when sam walton was running around in pick-up truck conquering the retail universe. i'm blown away by his work and

still in the process of taking on amazon. keep hearing that amazon is going to take the grocery store world by storm with whole foods. but walmart, half its sales are grocery, they have more than ten times as many locations as the new amazon and food business is currently in terrific shachlt best in a while. i can't tell you how unusual it is to see a large capitalization stock jumping $9.79. almost 11% in a single day when you consider how much time and thought and effort mcmillan put into the resurgence, just say congratulations for your visionary efforts. other thing driving this rally, technology company cisco, long considered backbone of the

internet but slowed to crawl a value play, with a ton of cash and large dividend appointed chuck robbins. the senior vice president of worldwide sales as new ceo immediately went all in on the cloud, offering better security systems. analytics and brilliant and timely acquisitions. last two quarters counseled patience caused a lot of selling. i think the stock stopped going down because yield about 4% and $70 billion cash word, much overseas and can benefit if senate can pass the tax reform bill that's similar to the one in the house because repatriated. whether good for economy is

debatable but would be for cisco. reported a terrific quarter and predicted could grow revenues sooner than later. possibly 3% increase shocked the street and caused re-evaluation of the stock it's growth stock again and getting credit for cloud deferred revenue, giving company much more highly valued service component. pay more for service than hardware all the is pointing that way and payoff at hand including the security must be taking share and taking names. become must-buy for businesses soared in one day. chuck will be the guest on "squawk on the street" to talk about his fabulous turn in

fortunes reminiscent of couple of others. steve easterbrook took over mcdonald's, written off as wayward fast food joint and two years later, guns blazing, offering all-day breakfast, people thought played out, sell it wrong. he reenergized the franchisees they do the heavy lifting. people responsible for day-to-day running of the stores astounding 4% same store sales growth this stock has been a horse. i don't know if you've been to one lately -- or walmart, i went last month, fantastic. mcdonald's,still hottest coffee beautiful. check it out caterpillar and boeing, they've seen stocks advance 47% and 90%

respectively would be remiss if i didn't mention their predecessors both put companies in position to reap the gains now that global economy kicked into high gear. talk about ibm and ge, tested as we speak i believe ibm is on the cusp of a turn i believe this is the last weak revenue quarter. will it lead to turn in the stock? that's a different story why? warren buffett, once ibm's largest shareholder is dumping stock. but paid to wait for 4% and hopefully ceo completes reinvention of the company feels like cisco before this

quarter. general electric, new ceo john flannery has work cut out for him. didn't become obvious until company didn't fess up to how well it was doing in spite of reassurances from predecessor. if flannery can off-load the oil and gas business -- i suggest breaks it up in pieces and sells other flotsam and jet sam, might have enough to split into three businesses i would. that's what did at tycho and public more and more and doing gaud it at dow dupont. jury is out. stock down a penny on big rally, less than a dollar from lows jury is out because i don't think anybody at board knew how bad things were either

i think you've got to figure out what went wrong. needs to be fixed root and branch not unlike the l.a. health care division not that long ago bottom line, successful term requires person at top to truly thank the company's culture and motivate the remaining work force. can occur as these ceos showed us today find these lucrative and long-term, get in right and stay for the long haul. ian in utah. >> boo-yah team up in there doing a great job. >> brilliant >> caller: my question today, with the popularity of tesla and even introducing now so-called mac truck, and volvo going all electric cars by 2020, batteries

are big thing, time to take a more serious look. looking to make a play on cobalt and looking into fcx. >> tell to you truth it's too china, has the division you want kathryn. new jersey. >> caller: long time follower before "mad money" days. always like watching all your shows. >> fantastic how can i help >> caller: opinion on the senate tax proposal to spors investors to sell older shares first in taxable accounts and affect the stock inflating around it. >> i saw this, couldn't they just leave it alone? will impact -- it's just a real incentive to just buy and hold

that's what we've been emphasizing. we trade around a core position for action alerts but yeah you have to do more buying and holing than ever, providing buy and homework, not buy and hold mike in georgia. >> caller: boo-yah from atlanta, ga. >> i like the fkz, chuck robbins' favorite team got to be excited about the win. how can i help >> talk to you about church and dwight appear to have outstanding portfolio of the kinds of things people need, baking soda, laundry detergent, carpet and room deodorizer and trojan condoms and first response pregnancy kits and recently purchased water picks. >> why is the stock going down you need every one of those even

if economies slum. people why it wh it's slow but now it's fast and we want cyclicals and companies who do better in worldwide synchronized growth that's not church & dwight it's consistent but want stocks inconsistently strong right now. top dog matters. when they turn around a company. doug mcmillon, and - >> can the company put a fresh coat of green in your port groel? and by the way in the electric car business we've seen some executives made bad decisions but those who create value getting less air time i'm going to change that

highlight executive who has done tremendous job >> talk to ceo of company with app to make lives of people with diabetes easier. stick with cramer. >> announcer: don't miss a second of "mad money," follow @jimcramer on twitter have a question? tweet cramer, hashtag #madtweets send an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something? head to madmoney.cnbc.com. for your heart... your joints... or your digestion...

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you know the cyclicals, companies that do better when business is booming, totally on fire thanks to tremendous global synchronized expansion goes to company that makes paints and coatings. up 20% over course of year, ppg. focusing on paints and coatings

where the money is even with the hurricanes shutting down chemical plants, business remains strong. month ago, robust quarter. heightened earnings and sales, strength in performance coating. can it keep climbing closer look with michael mcgary. welcome back to "mad money." >> it's great to be on >> when i read through your notes, one thing that struck me, people don't realize paints aren't all the same. technology involved. include the water-based paints china, said environmental rules are making it so ppg could take share. >> absolutely, jim, we're ski excited. there's supply disruption but

it's good for us more and more people shifting from solvent-based to water-based and helping us grow share and helping the environment. good for all of us. >> good for china, europe is environmentally concerned, must be doing well there. issues in europe but that product. >> our overall refinish business, when you get in accident repaint the car, it's up in all segments driven by technology, help body shops repair carsfaster, color match faster and better. increased business for us. converted more shops from solvent-based to water-based than the whole industry combined, china, europe and u.s. refinish is driven by miles, driven as well as congestion, congestion is driven by employment for us been a very good

business we also are helped by distracted driving, it's not good for people but good for our business. >> interesting that you related that unemployment to congestion equals collision, as that goes up, sadly for the people obviously in the collision, it's great business for you speaking of cars something came out today just don't want to make you into a electric car play, because people say i don't want to buy tesla, buy ppg but you formed unique partnership with sine owed systems for vehicle technology tell us about this and how it could be a needle move. >> we're working with all the battery companies. without getting into particular customers, there's more coatings on a battery than on a car what they try to do is insulate battery from the rest of the car, cooling perspective, also for prevention of thermal events or fires

we provide those solutions we sell equipment for those solutions as well. working with all the electric car companies in u.s. and china. this has been strong business. many years away but when it comes, we're on the forefront. >> here the car companies saying whole line will be electric by 2021, should be thanking ppg. >> we're number one supplier in u.s., europe or china. we work in china with all the global oems and local companies. number one share with both we're going to be well-positioned, regardless of who is winning, electric or hybrids or traditional gas-powered. >> one last area of inquiry, i know the ppg under you have been unbelievable stewards of capital, least levered i've seen

in long time tried acquisition in europe that didn't work out but do have a lot of firepower, what is going to happen? big buyback or some of all >> hopefully some of all announced 2017 and 2018 cash deployment target of $3.5 billion, originally $2.5 to $3.5 we upped it. we're a serial acquirer of companies, we're good at it. can't find companies at fair price, then we'll buy back stock. so far little bit over $700 million in cash deployment lot of dry firepower and sitting on cash. we're underlevered in some people's opinion but we'll spend wisely always looking at what is best

for shareholders and will continue to be active in acquisition but has to be fair price. >> thanks so much to michael mcgarry. one of the cheaper companies that does better when the economy does west point develops leaders. >> how do you you do something bigger than yourself >> live on the "intrepid" more halftime report. >> veterans have given this country so much, it's our privilege to give something back you always pay

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for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. lately there's been a lot of talk about terrible executives who've mismanaged once great franchises right into the ground but there's only so much to say about the catastrophe that is general electric or decline and fall of sears holding. we prefer to take cue from johnny mercer and accentuate the

positive flip side is also true as we said at top of the show. great ceo can turn a company that may be mediocre into a powerhouse and stir up a tremendous amount of value in the process. for every value destroyer there's value adder. tonight got a new name to add to the list talking about a man, a man named miles white, long-time chairman and ceo of abbott, formerly known as abbott labs i've neglected to talk about this fabulous man and work he's done on behalf of shareholders, thanks right now make shareholders a killing by totally transforming the company. biggest move is spin-off of the

pharmaceutical division into another company. abbott today is $96 billion health care conglomerate with presence in medical devices, nutrition and generic drugs. leader in blood screening diagnostics, drug eluding stints and glucose monitoring business taking on dex come for leadership discussing later in the show with dexcom ceo. gets sales from outside the u.s. great when the dollar is weak. and abbott created much value for you. how much white took the helm, stock trading $22 a share. now it's a $55 stock

one part of the equation white spun off abvy, the drug division and if you held on to those shares, $94. in 2004, spun off hospital supply division, sold itself to pfizer for $17 billion another $9 share for abbott. add all the different pieces up, $159 of value. meaning if you bought abbott when white came in as ceo and held it along with abvy, you'd have 623% gain single stock risk, see those ads? if you invested $1,000 in in abbott, now worth $7,230 doesn't seem a a lot of single stock risk to me it's pure stock price

appreciation and not including the dividends, not inconsiderable abvy is 3% that's amaze the s&p is only up 125% over the same period. first built the drug division into a powerhouse. there was hand wringing they didn't have designer drugs when pfizer and merck were making millions abbott was considered also ran within four years white released this answer to criticism, wonder drug for autoimmune conditions that went on to treat these diseases, miracle drug it's been one of the best-selling drugs on earth.

hume era is best-selling drug on earth by a wide margin and miles white found it ability to take humira and turn into blockbuster drug today, transformed abbott into a leader kind of story that business schools will write case stories about for years. before i get tweets from people saying he didn't invent the drug, he did something almost as impressive, recognized the potential and bought it. ainquiring the company in 2001 humira, more than $16 billion in sales last year, what a steal. and white has proven himself to be brilliant in the industry

in 2004 abbott spun off hospital supply business. we liked and recommended that stock. acquired a diabetes care company. forced to sell -- abbott snapped it up. took over kansas city, missouri pharmaceuticals, drug that rises good cholesterol levels. sold so well, to this point the deal paid for itself 2007 general electric tried to buy abbott's in vitro business, couldn't agree on a price. white is making deal, dwoent it without the right terms. picked up eye surgery thing and -- that was health care, generic drug didn't like that one but made

them one of the largest generic makers in india. after building the business into a powerhouse, white realized the division wasn't getting enough credit from wall street so spun off abvy in 2014, keeping medical devices, consumer drugs and assets abbv has tripled and acquired point of care diagnostics company but seemed to be issues to renegotiated the price down $5.3 billion shelled out $25 billion in cash and stock for st. jude medical do a lot of stuff for heart. long one of our favorites on "mad money." savvy mover. has a talent for considering future medical needs and

positioning company to benefit from them. first the impact of humera cannot be overstated saw the nand for this fabulous drug but it made billions of dollars he could use to fund acquisitions pivoted from hospital products into diabetes care and sadly we know that's a growth story in this country spun off drug business to focus on medical devices, looks preskeent when you consider how hated pharmaceuticals are in this country put under microscope and not his problem any more and generic segment of his has been growing miles white is amazing value creator and he knows it. when abbott says stock experienced a period of underperformance last year, white used weakness to do aggressive insider buying.

$46 million of stock in the open market in low 40s. now abbott's at 55, he's up $14 million. good management is key to success in any industry. cisco, walmart, abbott needs to be celebrated miles white has done amazing job for his shareholders next time you see him do insider buying, i suggest you pick up stock right along with him mark in missouri. >> caller: boo-yah, how are you? >> well. >> caller: cor, hammered yesterday due to bad drug trials is my understanding. hammered too much? good time to buy >> no. when you lose your principal drug lot of bad things happen. no gilbert in california.

>> caller: boo-yah mr. cramer. >> doing well. how are you? >> caller: sunny san diego, can't complain opinion on mckesson. >> it's trying to bottom but don't have the gross margins prefer to see you in abt can't tell you enough, management matters and miles white from abbott labz may be one of the biggest value creators, never celebrated on "mad money." that's on me my bad more ahead, company competing with abbott in diabetes and new chip maker nothing to do with me renaming my dog after his company why nvidia's head honcho is killing in and tonight's edition of the

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look, when you're running a business, absolutely nothing is worse than competition when a competitor comes out with new product that some people think outstrips you in crucial way, you get a situation like what happened to dexcom, the maker of continuous glucose monitoring systems for diabetics. company we thought was terrific and still do abbott received approval for new monitoring that doesn't require you to prick your finger at all. dexcom lost value and still i told you it would rally and it has. thanks in part to strong quarter

a couple of weeks ago. said they could have a blood sugar monitor with no finger sticks by end of the year. do we need to worry about the impact of the savvy abbott labs product? mr. saier, welcome back to "mad money. when it came out, thought it was dramatic decline and way overton but there's a guy -- i remember when i was hedge fund manager, j.p. morgan downgrading dexcom, not game over but cut price and be aggressive in advertising, he says we should be concerned. should we? >> i think this is an opportunity when all is said and done our system offers features competitors don't.

connect to phones, share data with people who watch patients competing with libre in europe for years now. and international growth is up 80% in third quarter not getting killed device offers many features that patients find important. >> this is what i'm talking about. it's not apples to apples. idea they may charge less and doesn't have finger prick versus the ability of parents to see what is going on with their kids through the device, why would we sacrifice a feature like it? >> we don't believe patients will and patients in europe have not run to do that and in addition, one of the hidden assets of dexcom, is this investment in technology we think we can that that out by

end of next year, but tlhere's a technology pipeline with jets ready to take off. we think we have opportunity to get those out. >> show us what the world is going to be like talking about end of next year, in your business, that's like tomorrow you want to be investing -- this quarter good good reason to hold on. >> fabulous, best ever for us. >> by far. show us your wares >> this is our current product today that patients use. >> business is incredibly strong. >> it's gone very well it's scary looking for patients but effective. leads to good outcomes as we look at future pipeline, focus on three things, continued performance, increased patient coherence and convenience and cost single calibration a day we think can evolve to no

calibration. >> calibration meaning you have to stick. >> once a day. first change the way sensor is inserted in skin peeling tape off bottom, hit a button, on your skin and doesn't feel it. needle that inserts sensor under skin for time it takes humming bird to beat wings three times don't feel it. much more convenient and even though elegant looking, costs less to make than that end game, we talked about our varly relationship. >> the science arm of alphabet >> we want to take the technology on the body and shrink it down to something -- see nickel comparison, do that and make more cost effective than now, we believe a great solution pipeline is robust.

>> but miles white is running abbott and we profiled him as one of the great wealth creators of all time, if he comes in and talks about this and gets momentum going, don't we have to worry about two quarters from now with dexcom? >> over the next two quarters patients will continue to use our products those who intensively manage diabetes and dependent on insulin, these have what they need more than abbott does >> apple watch >> the new watch has lte feature, can go straight to the cloud. in essence transmitter can talk straight to the watch. features where patients share data with loved ones won't need go through the phone anymore

put watch on and that's primary device. >> what does abbott have on the watch? >> nothing. >> thank you end it right there i'm just -- to me, i was with dexcom in this and people need to know, one is feature rich and other is bare bones. >> very good >> kevin sayer, president and ceo of dexcom, abbott doesn't have apple watch "mad money" is back after break. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most.

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>> announcer: lightning round is sponsored by td ameritrade it is time lightning round. play this sound and lightning round is over. are you ready skee-daddies tom in new jersey. >> caller: hi jim. lafayette, new jersey. thoughts on lowe's reporting on tuesday? opinion. >> like lowe's, love home depot. that's the one i want you in nick in new york >> caller: hi mr. cramer

thanks for taking my call. happy thanksgiving >> same to you can't wait >> caller: jim, i've been in house of pain for two years now. stock is blackstone, what do you think? >> 5% yield, add it in, reinvest in dividend you're fine. stick with it. bob in new york. >> caller: greatly appreciate the call csu. going down about 25, 30 since beginning of the year but now gone up 25%. need your opinion. >> i got to tell you, senior living community business is not 1 of my favorites, not going to recommend it here. other than vent os, really don't just get it. jeremy in north carolina >> caller: hey, big fan. thanks for taking the call

with all the hype around chips cyprus semiconductors? >> it's too cheap. 18 written all over it mike is south carolina. >> caller: i'm a young veterinarian starting out. thanks for your help mrtx >> this is, remember i like all the targeted oncology companies but only specs no more than 5% of your portfolio. ones that win go up big, loses, make you nothing adam in florida. >> caller: boo-yah from miami beach. is it time to buy ocpko health

>> it's neighborhood pain until dr. frost comes on, back away. we have to anu in wisconsin. >> caller: thanks for your passion, helping educate us and make us some money stock is symantec. >> i prefer proof point in there. cisco is outgrowing everybody, clearly taking share conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade you ever call your broker for help? >>once, when volatility spiked... and? >>by the time they got me an answer, it was too late. td ameritrade's elite service team can handle your toughest questions right away- with volatility, it's all about your risk distribution. good to know. >>thanks, mike. we got your back kate. >>does he do that all the time? oh yeah, sometimes he pops out of the couch. help from real traders. only with td ameritrade.

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sometimes the best person wins when i read today that fortune named jensen wong, ceo of nvidia, its business person of the year, i rejoiced this man is quite simply brilliant, and company he created is a gem, one of the great enterprises of our time. read this article which gives background on wong and nvidia, including sense of it being like intel when it was run by legendary andy groh, one of the great ceos of our time created billions in market value. these days brian koouz an itch

is reinventing it again. but andrew wong's stewardship, nvidia is driving force in growth areas like gaming, data center, autonomous vehicles sh hottest trends of our era, the numbers are remarkable more than double since last year automotive sales get stronger with artificial intelligence computer pegasus for driverless vehicles will be ten times more powerful than its predecessor gaming is gigantic and rapidly growing but -- and nvidia only ones in town and nvidia's is best much more power from their chip than anothers with more footprint, you know how much that matters remarkable triple play not even talking about needing

chips to mine bit coin i think nvidia's chips are best. we own shares for charitable trust. follow along our club. after scrutinizing wong's commentary the calls are brilliant. you got to read his calls. glad i did stock has nearly doubled in 2017 that's just tip of the iceberg nvidia's stock from $25 in february of last year to $211 today. thanks to these dominant franchises why dominant wong saw major trends coming artificial intelligence, machine learning open these devices that talk to you, based on nvidia's chips adobe thing we showed you last

time, that's nvidia. nintendo switch? that's nvidia too. how has fortune's business person of the year been as predictor? talking about cover curses, doesn't apply to this one. mark zuckerberg was on there and year before that, alphabet's larry page 2013 picked elon musk of tesla hate him, like him, stock has zoomed and 2012, only jeff bezos of amazon i've been facetious, half joking i renamed our rescue mutt everett nvidia

he answers to it only if i have treat in hand i'm saying congratulations jensen, you deserve it visionary, created one of the most fantastic companies of the era, this story and your success are far from over. congratulations and stick with cramer thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember.

lot of stocks moving up. blowout quarters gap, spelunk, and fox, 21st century going up rumors of interest both from comcast and verizon. these are the kinds of things that keep the bull market alive. i told you i thought the stock prices were wrong. they were. here on "mad money," i'm jim cramer, i'll see you tomorrow!

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