pete, they're selling your pitch on target, toni braxton, go >> the bitcoin but time to take it off the table >> "mad money" is next 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 but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. i've said it a zillion times to you and i'm going to keep saying it, diversification is the only free lunch in this business and i say it because of days like

today with the dow gaining 104 points jumping to another record along with transports. s&p slid 0.04% but the nasdaq, it plummeted 1.2%. [ screaming >> and many of the big cat names were down much more. days like this one show you why i find it so worrisome that stocks within the same sector often trade in tandem n unison we joust don't know which direction they'll head in so if your whole portfolio was invested in only fast growing tech stocks you got the steve buscemi treatment as it went into the wood chipper. if you were diversified and the cheap banks that invested in transports like the railroads or airlines you had a fabulous day. [ applause ] it was this -- >> the house of pain.

>> the house of pleasure. >> why not out ofwhere we have a chance for tax reform it didn't seem possible weeks ago so all of the domestic companies with high tax bills are likely to see taxes come down big time which will give their future earnings a major boost that is the key to a higher stock price. however which awe feeks interceptions like the international players with lots of oversea business, the tech sector itself doesn't really benefit from this tax reform bill frankly, it's meaningless for most we don't have new money flooding into the market so if money managers want to buy the winners. >> buy, buy, buy. >> they got to sell the stocks of companies. >> sell, sell, sell. >> that don't benefit that in order to raise that cash that's why tech is down and down hard but the banks and retailers and transports have gone up in unis unison at moments like these the stocks

all trade together until the rotation peters out and individual characteristics of companies like a bad wells fargo investigation or earnings report or a possible takeover like the nokia to buy juniper deal might happen, they start taking stocks up again in the midst of one of these it might not even matter if macy's comes out and says black friday was bad. the trade is going to trade higher with all the dough mess tick retailers until -- by the way, also because of the buying from etfs which contain the stock of macy's. now, you could have a retrailer in the fifth quartile of the group. why do we care about a binary day that -- you made out like a bandit if you owned the big dow

and domestic stocks but slammed right upside the head. i tell you why because of the pain if you're in f.a.n.g. or its derivatives if you bought these stocks on margin meaning you played them with borrowed money i bet you'll get blown out sent to kingdom come permanently souring on stocks which is one of the reasons why i do the show. i don't want that to happen. and that's why i've played m.i. diversified week after week for more than 15 years so before we get that today's action in particular let me tell you how i invested and why i invented and how i invented the most boring game in the world. back then 15 years ago we were coming out of the incredible dotcom implosion where people lost hundreds of billions of dollars in tech. and i realize fundamental you

had a diverse portfolio with a good stock like heinz and coca-cola, cheap banks, a transport, maybe some good old-fashioned pharma players like johnson & johnson, you may have gotten hurt if it contained cisco or intel which were collapsing but you weren't crushed. you lived to play again. and you were able to take advantage of the fabulous wealth creation vehicle that is the stock market ♪ hallelujah >> you stayed in the game. my job to get you to stay not game same reason i say your first investment should go into low cost index funds it's why i say don't buy all energy, $100 a barrel. and why you don't want all food stocks when kraft heinz was on the prowl for acquisitions in the supermarket aisles i never cared whether m.i. diversified were sop riffic.

it was worth it if the game kept you from being blown out the club that follows my charitable trust and recently on one of these i lamented that my discipline kept the trust from owning all of f.a.n.g. and said as fabulous as they four are, they will break your heart when the nasdaq skips a beat. especially now that they're actual etfs that mimic our acronym of f.a.n.g i was actually apologetic about the trust "own the momenonly owf them the companies are truly incredible sure enough anyone who went all in on f.a.n.g. is feeling real heartbroken and we know what becomes of the brokenhearted okay so what's really going on underneath first that there's the climate, tech has gotten so red hot it is scorching.

typically the cloud and semiconductor stocks auto desk a terrific soft ware company blew up with a real shortfall. at the same time we got the juices of bitcoin inflating whole sections of the market making people feel there's much too much froth i see the irs is getting involved where have they been you know, look, there's no real correlation between bitcoin and the stock maushg but we do feel less certain when something goes parabolic. forecasters talking about how they're less expensive than they've ever been and heard from three strategists at the launch party for the new "squawk box" digs how dangerous the market is becoming simultaneously you have this republican tax bill a wind of fall for big companies investors are feeling frothy in light of bitcoin and the scorchers in semis and data stocks that got earnings

forecast boosted thanks to congress so tomorrow when we come in, we'll likely see a slew of upgrades for this group unless tax reform hits a snag tonight it doesn't matter at all what analysts say about sal salesforce.com where nine different firms raised their price target this very morning yet the stocks still fell. as a matter of fact, when salesforce reported that great quarter and didn't go up that might have been the biggest tell of all what happen, stocks are like camping or glamping as the fan yers millennials call them the rv trips imagine you're in the woods and a bear stumble floos your campsite clearly looking for delicious human porridge you can't outrun the bear but you don't need to. you just need to outrun your buddies. they went out of tech so badly because they know if they get out now get out ahead of others and do better than the ones human porridge here's the thing these funds are by nature hurt animals. they don't care if amazon had

the best cyber monday ever they don't want to know the difference between sales force and autodesk, simply telling traders will you get me out of a million shares of facebook and get me out of it now today normally it's not that big a deal but when tons of firms want to sell a million shares of facebook at out once the traders on the other side have no desire to take down any kind of inventory and like dry cleaners. they don't want to keep your suits even if they are brioni so they can't finish selling until tomorrow too much to go and they usually don't even finish by tomorrow afternoon which is when we're going to look for stocks stocks to buy. and at the same time the highly margin investors who own the stocks have until tomorrow around the same time to put up more money they usually can't that's why i always say you have to wait until the end of the second day of the sell-off before you do much buying. let me give you the bottom line on this sell-off is it one that we consider garden variety wrong question

are there stocks of companies that appeal to you that are finally reaching your prices that's what you're looking for and when you find them, you can buy a little but leave room to buy even more if or when they go lower. amy in texas, amy. >> caller: boo-yah, mr. cramer >> boo-yah >> my question is i'm a novice investor and i've been watching your show for a little less than a year and i would like to have your opinion on iron mountain irm. >> as good -- good dividend, good growth. i like the business very much. i think that it gives you a nice substitute for what you would get from treasuries. i think you got a winner i'm a buyer iron mountain. 5.8% yield lieic that today we saw that stocks can trade in unison. you just never know what direction they're trading. keep your eye on stocks that

could reach your prices. forget about the market and the emotion. focus on companies you like. on "mad money" tonight i'm getting an update on the state of the retail sector with the guy behind the brands of tommy hilfiger cbo pbh and i'm eyeing a newly minted company that wants to give everyone a personal shopper. is it time to make a play on style? i'm taking a closer look at stitchfix and from managing real estate around the world to developing it in 3d space talking to one of the hottest companies cbre about the future of the global economy so stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a tweet, tweet him #madtweet. send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc

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all the retail stocks have spent the last couple of days

rallying nicely. maybe we got too negative on the whole industry the truth is that a lot of negativity was indeed justified. the space being disrupted which makes it difficult if you're with a brick and mortar. partnering with everyone, including the top of disrupter in the space amazon, aka the death star and with tax reform which will help many looking like it could pass the companies that supply these chain stores may have the wind the their backs. that's great for some of the lesser players but i want to focus on the guys who have been winning all along during the disruption even when thing in retail look bleak. pvh, the house you know as calvin klein and tommy hilfiger. pvh had seen stock rally more than 50% for the year which is incredible when you consider that carnage in so many department stores. and they keep delivering pvh just reported after the close and the company delivered an 11 cent earnings beat off 291

basis higher than expected sales up 5% year over year rising gross margins up 108 basis points and predicting 11% growth that sounds pretty terrific in line of what we've heard from many players, actually better so let's check in with manny tirico, to know more about where they're headed welcome ba welcome back to "mad money." welcome. manny. good to see you. we're ask and it's monumental in washington tax reform what does it mean for the company and you and for shoppers. >> well, i this i in general for our industry it's probably a positive on a personal level i'm somewhat disappointed with the whole reform you know, the focus was supposed to be on middle class tax cuts and this seems like all the benefits is going to the top 1% and corporations so it's disappointing because i don't know that it's going to drive the growth that everybody hopes for so $1.5 trillion in deficit

that's coming out of this and i just hope we get some payback on it. >> do you think that some people are going to get relief that are in the middle class that might do some shopping or -- >> well, i think, look, right now in the united states we've seen business really get very strong over the last six weeks in particular. >> really. >> as we've gone into november and then started into early part of december just getting started in the beginning of december, really just seemed very, very strong performance, much better than what we are projecting. >> do you have enough inventory? >> yeah, we have enough inventory. >> honestly it's the first time -- this is pretty amazing i saw you buy back a lot of shares obviously you must have thought the stock was a bargain. >> looking at -- yes, we felt where we were trading it you go back three or four months ago, and the momentum we saw in the business, we just felt that it was out of align many and been pretty aggressive buying back our shares in a thoughtful way and in line with the guidance we

give but we've got on out there. >> why is it stronger? >> our international business for the first six months of the year is off the charts strong. the big change is the domestic business our own retail stores, tommy business, midsingle digit increase and cal vain flat from being negative and as we've gotten into the fourth quarter we've seen the trends in those businesses both improve. calvin is running up about m midsingle digits and tommy up high single digits and that's north america so the trend in europe and internationally is continuing. >> can i read good thing in for macy's and jcpenney's or kohl's or just amazon. >> what we've seen is a strong surge especially in the month of november i think inventories in particular are under much tighter control as we go in. and i think you're going to see sales improvements and i think you'll see in the trends continue gross margin improvements across retail >> okay, so, manny, we're going

to cut the tax rate for the domestic companies do you think they'll put that money in brick and mortar? will they give it to shareholders or buy more inventory and expand >> look, i don't think any well run company in corporate america today is capital constraint so if i need inventory, believe me, our balance sheet, the strength we have, we go out and get what we need. we and i think others in our industry and in corporate america in general our balance sheets are in great shape. the ability now if this tax proposal goes through to bring back moneys from overseas, i think clearly we'll be -- >> help you too. >> the real question is is it going to go to stock buybacks or is it going to go for investments? i think where there's appropriate investments corporate managers will make those investments. but i'm not sure that the tax reforms are what is going to drive it but strong business and ceos have done a good job of

managing their balance sheets. >> you've been coming on for many years s this the strongest holiday season you've seen in ages >> strongest holl say season far i've seen in the last four years. >> that's good. >> especially here in north america. >> stocks were up today so maybe i feel there's some grounding. >> absolutely. and we're trying to use it to invest in our blands, invest in marketing behind our brands and to take our earnings guidance? doing terrific the whole year is good this is manny chirico. stick with cramer.

every thousand and than an ipo will sneak up on you with the deal getting little fanfare. not doing much on the first day but in the following weeks starts roaring higher. we saw that help with roku and

that's what is happy happening to stitch fix. sfix which became public a week and a half ago at 15 bucks here's a company that occupies an interesting niche it provides monthly cure rated shipments of apparel, shoes and accessories to the customers called fixes, hence the statement and these shims are supposedly put together with great care by the company's excellent stylists it did next to nothing and closed 15 pint $15 but since then it has shot into the stratosphere climbing to 2 bucks and change as of today that's stunning and it's why i think we need to do some digging to figure out if it's warranted and whether it might be too late or too early to get involved and overlay the fact today was a high day for the web companies first let me give you more background on this unexpectedly hot. stitch fix founded in 2011 and is one of a growing number of companies that shop so you don't

have to. every month they select new apparel, shoes and accessories and they send them to their user base charging them a fee each time of course, anything they send you that you don't want to keep, it can be returned now, that may sound like a crazy way to get you clothes but the company is roughly 2.2 million active clients, active clients and so far this year the repeat rate is 86%. stitch fix bills itself as the solution to all of the problems created by brick and mortar retail clothing is one of those things where i mean really even if you prefer to buy it online it's sometimes to easier to go in person you don't know what your size will be unless it's shoes or how well it will look on yous about as we've seen not many retailers realize consumers hate shopping. nobody under the age of 40 wants to go to a department store and get has manied by a sales

associate, hey is, listen, my folks were both sales associates so don't take it personally. a lot of older people don't like it either. others can't shop without it for stitch fix's core audience which is definitely part of the younger demographic the millenni millennials consider it as anathema while the group popped today led by the best of the bunch, macy's which i said buy yesterday and i think macy's could have more upside as i told you. the fact is that brick and mortar apparel retailers remain a troubled lot where companies can't close their stores fast enough however, it's not just that kids hate going to the mall to try on shoes. the rise of e-commerce created whole new problems for consumers. the initial way of online shopping led by companies like amazon that prioritizes low prices and fast delivery work perfectly for more commodity advertised products that people already knew they wanted but when the consumers in question don't already know what they want, the sheer number of

options available online, well, we all know can be overwhelming. it's called the paradox of choice if you can buy a million different shirts or shoes or accessories, how the heck are you supposed to pick just one? it's literally unfathomable and never know if you made the right call or if you might have found something better if you kept searching the web. now, someday -- someday i'm sure amazon or someone else will develop artificial intelligence so smart they don't need your input anymore. the machine will know what you want and that's what you'll get. i think salesforce.com is going toward that by the way until then if you want to buy say a dress online running a search with a bunch of filters is the best you can do and there's also pretty unreliable so while shopping in person is agonizing to the younger generation, shopping online has its own problems, too much choice and there's no personal touch from the salespeople who might actually know what looks good on you steer you toward that. you know what i mean like they steered me toward this tie a polo tie

steered he toward it what do you think? just pointing that out that's where stitch fix comes in remember how i said we eventually get a.i. that can duplicate the best nordstrom salesperson. well, that is sort of what stitch fix is working on the company uses data science to predict their customer's purchase behavior, forecast demand, opt miedz inventory and most important to design new products and to pick and choose personal options when they sent each client their box full of fixes every month. it's like a more expensive dollar shave club. i like to call this the stuff as in the stuff as a service industry but for clothing. unlike most online operations stitch fix gets their client data directly from the clients you tell them what you like and give them your personal info so that the company stylists can send you the best stuff possible every month. on average customers give stitch fix over 85 different meaningful data point, size, fit, price

preference, not to mention how often you dress up or dress down for special occasions. basically stitch fix is trying to combine data science with human judgment to get a better edge over other purveyors of apparel and accessories. i think it makes an imminentment amount of sense. first it develops predictive recommendations and actually human stylists come in and use their judgment to make the final decisions on what the company sends you each month the value proposition is traitforward rather than spending hours searching the web to find stuff you might like stitch fix is like having a personal shopper who sends you bunch of personalized every month they don't need to rely on promotions and the companies that make the stuff are all very eager to get their products on the stitch fix platform especially the smaller players who need the exposure. it is an intriguing concept. but at the end of the day, this business comes down to the numbers like all the businesses we analyze on "mad money" and after a period of explosive

growth stitch fix's numbers are now rapidly slowing down consider that in 2016 the company's revenue more than doubled upon 113%. in their 2017 fiscal year own lie grew at 33.8%. a lot would still kill for it but momentum players want accelerating growth. their margin expanded by 200 basis points but only increased by 20 basis points for 2017. wrong derivative it turns profitable in 2015 then got more profitable last year but in to 17 they went back into the red although to be fair this is the kind of company that should be spending everything it makes in order to grow the business slowing revenue growth and rising expenses, it's not what i'm looking for in that company. it's not good look on anyone stitch fix says the expenses will keep rising as they have more advertising the whole reason we like when retailers roll out a loyalty card is because shoppers had

hardly disloyal. they need to stay relevant and as we've seen over and over again all it takes is one little slip to crush your stock plus i have to admit i've heard horrible anecdotes from people disappointed about the assortment of stuff stitch fix would send them. some of their stylists have hard times grasping professional or office appropriate but empirically there are a lot of satisfied customers. skip it until though show they have a solid plan. sure, it can go higher the stock, but one look at what's happening to the stock of amazon today tells you how you should feel about this child of a lesser retailing god here's the bottom line stitch fix's stock may have caught fire in the week and a half since it became public but too much uncertainty here for me to give it my blessing and use stitch fix as a service but the stock, too risky for this guy. andy in california

andy. >> caller: hey, jim, happy holidays to you and both of your families >> thank you very much well put modern family 2.0, man what's going on. >> caller: actually i feel like i'm part of your cramerica family so three families so you're a totally blessed man >> i have to send him a christmas card i'll get right on. >> caller: just one more thing before i get to my question. >> sure. whatever, we got all day. >> caller: yeah, exactly i got all day. i'm here at work till 6:30 tomorrow morning your sales day, the three most insightful people on television -- >> wow, wow. i mean do you see us call the top on a lot of high tech stocks thank you very much and i think my partners are so good, they're just unbelievably good they make me look good you ever see what they tee up for me except when david does

that, yeah, uh-huh >> caller: well, the way you interact with each other it's very nice to see. >> all right now let's go to work what do we got >> caller: roku has had such a monster run the last month or so still worst chasing. >> i don't think so. because it's a jumping bean of a stock. it's up on a short squeeze everybody figures amazon will crush it and then it ended up having really good numbers all over the place it's like going to the racetrack. i don't like that. i don't want to go to the racetrack. i want to invest dave in illinois, oh, thank you for this dave in illinois, dave. >> caller: dr. cramer. hey, congratulations on your commanding sunday victory over my chicago bears >> yeah, that was kind of a beatdown there, dave but i always love your call so let's make money together. >> caller: sounds good jim, the cosmetics industry is mature >> yeah. >> caller: avon and revlon dominate the space despite this maturity estee lauder continues to design and

produce new products in new markets. ease in momentum continues on the strength of china offsetting weakness in the americas. >> right. >> caller: the company consistently beats revenue and earnings estimates so, jim, in this day of millennials obsessing with selfies and instagrams can we ride it higher or am i just putting hope in a jar. >> el is a very expensive stock and put that out at the beginning. why, fabrizio is about as close to a genius as can you get he last laboratories of cast mettics when one takes off he moves it over and starts blowing it out i would prefer for a pullback but you can buy a little more and get a sell-off again and buy some lower thank you for the kind comments and sorry about the bears. cheryl in maine. >> caller: hello, boo-yah, mr. cramer. >> boo-yah cheryl

>> caller: hi there. >> how are you doing >> caller: hey, i've been wondering, i've noticed when i go to walmart and i need some caulking i'm going to buy it at walmart. i considered purchasing lowe's stocks but why do they position lowe's in the same parking lot of most walmarts >> that's a good question but it's a real estate question and they want to go where they can have big parcels so they can put the stores up. i like home depot over lowe's. these are all up so i don't like to chase we sold a retailer today for the club members this group is too hot. it's going to get cooler but i prefer walmart over lowe's and i prefer home deowe so let's just do that and while lowe's is a very good company, i do love to shop there i think home depot has an edge right now on what the consumer wants and you can

see that from the very high comparable store sales need a fix on money making opportunity i don't think you'll find it in stitch fix. a lot of uncertainty in this market i can't give it my blessing. still more "mad money" ahead i'll tell you why the dreaded "m" word holds the key millennials then real estate giant up 35% and rapid-fire in tonight's edition of the skee-daddy lightning round so 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.

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do i make too much of millennials? are they really that important to the stock market? do we really have to consider constantly what they're about and remain vigilant about what they are and what they're up to? unfortunately for old fogies like me the millennials are now the largest living generation in the u.s. with more than 75 million of them born between 1981 en1996. 75 million worse we have to start worrying about or be scared of post-millennials the even younger generation now coming to its own.

together the millennials and the post-millennials make up nearly half our population. i say worse because for the most part the actions of these kings are unfathomable to money managers in the country unless they have millennial age children still running arnold the house because they're too broke to move out. so bichir news if you don't know cuss on the buying patterns you'll miss what's happening with a huge chunk of the consumer economy i'd like to think i've been at the forefront of trying to figure out what these kids want and then trying to help you profit from it why do i bring all this up now yesterday i put together a thesis that says millennials like protein particularly chicken, that could be a big motivation behind a couple of eye popping acquisitions the purchase of popeyes by the burger laden restaurant brands and yesterday's snagging a buffalo wild wings by arby's another beef oriented chain and makes perfect sense these two understand that they're too meat oriented when they're moving

toward the healthier poultry offerings. i got snickers for my "squawk on the street" partners for that assessment and given they're both younger than i as well as being sound, rationale people i wanted to reassess to see if i've gotten off track and been obsessed with something that can't be all that important to stock prices take a look. >> millennials love protein. >> as opposed to other people. >> millennials love protein. >> millennials love -- why are you laughing. >> that was funny. >> millennials love protein. no, man, i've done so much work -- you don't even know the things -- i'm going to blow you away with some -- >> i have no doubt >> wait a second, though let me tell you where this poultry thesis stems from. it's not something i pulled out from -- i don't know i got it from tyson foods. tyson foods. the nation's largest publicly

traded producer of meat and chicken. which first explained to me there is a big shift for younger people embracing poultry they are embracing beef although they like the sausage links. tyson has the nice track record of better than expected earnings largely because of chicken so who am i to challenge them? they got the numbers i'm putting two and two together to could be totally random these two fast food chains idly decided to buy two chicken purveyors but if you go back to what cheryl batch said, chicken is fastest growing category of the quick serve space. you want to catch an upside surprise or trachover you need to be thinking about these things let's go deeper. last time we spoke to thor industries, the number one maker of recreational vehicles after their stunning earnings. i recommended thor for ages because i think it's in secular growth mode. thanks to millennials who recognize that rvs are cheaper, more experiential way to travel

if i hadn't been focused on that part of the equation i possibly would have gotten it wrong like so many other professionals short thor now i'm not saying chicken is booming because they need to look thinner so they can post good looking pictures of themselves on instagram though i often think i look trimmer when i get more of my protein from poultry. i'm not saying we're getting takeover bids but i definitely think the instagram factor explains the rv thesis not only is it cheaper than staying at a hotel they also let you set up more fabulous backgrounds for pictures and blog posts than you'll ever get from a "w" or four seasons many millennials will what we call instaradoes we've come up with that obsessed with their social media feeds and rvs are a perfect way to satiate the instagram desperados' obsessions, the

instarados trying to thick like a millennial than dismig the p patterns of behavior that may seem laughable but to my fellow baby boomers, it works! stick with cramer.

>> announcer: lightning round sponsored by t.d. amir time n time for the lightning round >> sell, sell, sell. >> buy, buy, buy >> sell, sell, sell. >> and then the lightning round is over. are you ready, skee-daddy? john in new york john >> caller: hey, jim, how are you? >> i'm good. >> caller: i'm looking for stem. tsem i think this company is going to go really good in the next year. i'm thinking maybe now would be a good time to invest. how about pumping 50 by this time next year god bless you, jim, take care and bye-bye >> okay, now here's the problem with tower semi, it is a

semiconductor stock and right now they're for sale so i would wait until if i didn't know the stock i would wait a couple of days if i owned it i'd say fine i got to ride it through let's go to michelle in north carolina michelle >> caller: hi, jim, big boo-yah from the north carolina mountains. i wanted to inquire about momo would you consider it the new -- >> no, i consider it a company that's a very speculative situation that i cannot get my arms around so i'm going to say skip it and facebook down 7 today. get that one down a little more i think they'd actually buy that to jeff in new york. jeff >> caller: hey, jim, thank you very much for taking my call you're an american patriot question is about new residential investment corp nrz, reasonable p/e and interested in your thought. >> when i see that yield an 11% yield that to me is a red flag i don't really know what they own. they're investing in residential

housing. who understands? i'd like to see more of the product and mostly i want to see them come on the show and then we can make a judgment how about roseanne in north carolina roseanne. >> caller: hello, jim. ho are you >> north carolina, we got a lot of callers what's going on? >> caller: i've learned a lot from you over the years. piedmont investment club this is the club's 25th anniversary. >> excellent. >> caller: thank you my stock is net e. what do you think about it it's up considerably since i bought it. do you think it's time to take some profits. >> oh, gee, that is up 50% you know, it's another one of these companies that from china, let's not take any chance. let's just cut that one in half and let the rest ride. okay that's what to do and that, ladies and gentlemen, the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade that?

no, i'm talking before that. do you have things you want to do before you retire? oh yeah sure... ok, like what? but i thought we were supposed to be talking about investing for retirement? we're absolutely doing that. but there's no law you can't make the most of today. what do you want to do? i'd really like to run with the bulls. wow. yea. hope you're fast. i am. get a portfolio that works for you now and as your needs change. investment management services from td ameritrade. firstthen you put yourselfareer. through school.

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at this point in the year almost december many winners tend to keep on winning and money managers will load up on stocks with big gains and show their clients how smart they are which brings me to cbre. the world's largest purveyor of commercial real estate services. here's a company that helps real estate investors giving them outsourced leasing, sales, appraisal, development and

property management services and own some properties of their own and increasingly moving into the technological side of the business thanks to a series of brilliant acquisitions but the key thing about cbri, the stock is given this terrific move up more than 45% since the first time we spoke to the ceo a little less than a year ago december 1st of 2016 which turned out to the darn 52-week low. talk about a buying opportunity and recommended it as a way to play the real estate market without owning a real estate investment trust in fact, every time we check in with them the stock continued to go higher. up over 12% since the last time we spoke to the ceo only four months ago and we know business is good. reported strong quarter earlier. big tom and bottom line beat with raised guidance can it keep climbing let's dig deeper with bob to hear more about how the company is doing and how it's headed welcome back to "mad money." bob, very interesting to see to have a guest every time they've been on the tock goes higher owe have to delve into that.

there is a tax code that's being changed and i've got to tell you in my old hedge fund days located in new york, based in new jersey i would be calling you and i'd say, bob, what can you do about my tax situation, you know, with these state and local and i can keep my business together are people calling you to say let's -- i need to be in a lower tax place? >> they're not really calling to ask us to help them find a lower tax place, jim that isn't really how this tax code change is impacting our industry what's really going on that's important to our industry is that corporations are going to play lower taxes they're our biggest clients if they have more money to invest to serve their clients more money to invest in their people they're going to grow and do more business and that's going to help our business grow that's what's really going on. >> now, let's flush that out from 36 to 20. bottom line will be good someone will say we think we can

hire more, making more money but we're out of space let's call cbre. >> of course, when companies grow they call us. when they move they call us. when companies need advice on how to use their space they call us if they have more money to invest, if they can do more things our business is going to be able to grow in all those ways >> would this be a time you have 98 billion in undermanagement, would this be a time you would want to buy business so that building so that you could take part in what sounds like a pretty appreciative situation? >> you're asking would we want to buy real estate. >> yes in we just as you might have seen we just raised the fund a billion and a half dollar fund to invest in value ad real estate that's performing okay but there's upside opportunity there were a billion and a half dollars of investors that wanted to get into that fund to invest in real estate in the sflus so people see it. they see it. property sales revenue rose 9%

reflecting a global market volumes were relatively flat so in other words you're vastly outperforming the industry you're in. >> we're taking market share and capital markets and taking market share in leasing and taking market share in our outsourcing business what really happened on the capital market side of things is we have gotten much better at connecting our people around the world and capital sources and investors in commercial real estate want that because capital flows around the world. >> right now one of the things i thought was interesting was that i was going to ask you a question about we work. i figured they were the enemy. but in the conference call you realize that you guys work with them >> we work a good company. they're about co-working they do -- we work does a couple of things that are relevant to our business number one, they buy big blocks of space or lease big blocks of space. >> right. >> and then sell it in smaller chunks we advise 2 billion square feet of users of space sometimes we put them in we work space.

>> okay. >> sometimes we represent we work in finding space. and sometimes we compete a little bit with we work. that's the nature of big companies. very good at what they do. this co-working scenario is very real and we have a lot of different ways we play it because we advise our companies around the use of space in ways that touch that often. >> i wanted to do that because the hotels came on and i thought airbnb would wreck that. i thought we work is the alternative. no, that's great to know one last thing, in the conference call and in your release you stated that, look, the fourth quarter will be difficult to beat but at the same time you didn't lower your guidelin guidance do we have to be concerned about a shocked fourth quarter number? here it is we're at the end of november and business is pretty good, isn't it >> business is good and we actually raised guidance. >> you say year over year will be tough. >> what we said if you read through the numbers what we said is in the fourth quarter it's going to be relatively flat.

that's reflective of two things number one we grew our services business 30% in the fourth quarter last year. number two -- principal businesses had very big fourth quarters based on some asset harvest we did and expect that part of the business to be down a little that's the part that's lumpy but we're expecting really strong fourth quarter, you have to remember the compare was exceptional. >> obviously because we're proud that every time you come on the tock goes up i don't want to jinx it. great to know. i'm glad you explained that to everybody. i know business is very strong for you. okay, that's so su lentic. every time he's come on the stock has gone up. no coincidence they own this business "mad money" is back after the break. ...don't know if you can hear me, but [monica] what's he doing? [lance] can we get a shot of this cold front, right here. winter has arrived. whooo! hahaha [vo] progress is an unstoppable force.

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i said it once i said it a thousand times diversification is the only free lunch in this business i like to say there's always a bull market somewhere, and i promise to find it for you right here on "mad money." i'm jim cramer, and i'll see you tomorrow

>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ with a new twist to a conventional product. hello, sharks. my name is dave mayer, and my company is clean bottle. i'm here today seeking $60,000