but he finally -- >> half of us don't like would you rather >> power pitch >> thanks for . 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 my job, not just to entertain you but to educate and teach you. so call me 1-800-743-cnbc or tweet me@jimcramer nasdaq, we keep seeing very compelling action at the level

of individual stocks i'm talking about these multi-day up, extravaganzas! ♪ hallelujah where investors can't buy enough in one session and they keep coming back day after day no matter how much the stock runs in the euro. it's becoming a defining thing in the market since the year began. honestly, i've never seen anything like it, so i have to point it out exhibit a, the stock of united health unh blew the door off the numbers. new-found tax in technology and innovation things that have become the hallmarks. what happens first, the stock jumps up. then the next day, another five,

and today it adds another four points you might think that's just downright absurd how can buyers keep responding to the same news day after day after day. doesn't everybody know everything already yes, in theory but that's now quite how it works anymore in practice. as a former block trader, meaning someone who used to buy large amounts of stock at once, i think we're seeing something truly amazing happening here unh, a $235 billion company doesn't have enough liquidity to save all the buyers out there at lower levels kind of like a bunch of godzi a

godzillas released at once they will work the order, meaning get you the ring at 50,000 in by the end of the day. when i say make an offering, the brokers are so confident that it there's sellers all over the place, they'll short you as a favor to get the rest of the order in now what we're seeing is that there simply aren't enough sellers to get the orders in anywhere near where the stock is trading at the end of the day. unh is on its third day of new highs. the buyers can't complete their orders why does theis matter? if you're running a gigantic, multi-billion hedge fund, it's not worth buying a stock unless you can build a big position, one it that's large enough to move the needle for your fund. which is why they need to come back and keep buying and buying and buying

what's so remarkable about this? none of the buyers seem to bgive up and walk away, no matter what the price. and the stock was at $4.73 today. and very few buyers seem satisfied with this kind of rally and want to keep ringing the register it's as if the owners tonight want to miss out, and the buyers want these because they feel it's going to rise much higher it's a fear of fomo -- fear of missing out, even. this gigantic european -- today it's been up another $4, no news that's all big money managers

unable to get all the stock they wanted on the first day, so they have to keep coming back and buying on the second, no todoub hoping against hope that they'll get a better deal. they see the stock market and think how can they miss. the fomo got so high, that they started buying anything. then they bought the stocks of clients, texas instruments it was an endless bench. although some of those collateral plates lost their mojo today we talked about the piece i did on boeing. i remember going to my interview with ceo dennis mullen berg. and i decided what the heck, i can see this monster flying as high as $400 but the moment i blurted it out, i caught myself, maybe in the

next 18 months i at any ti i didn't want to just say $400. just yesterday, the stock hit $350 now it's back to $340. now that it's had a down day, it may raise the green light for tomorrow this thing is 50 points from the point i thought it would be, i don't know, 16 months from now we've seen buying like this in all kinds of stocks, caterpillar, walmart walmart's part of a one-two punch pattern. that's where it announces big pay raises, and now according to a crucial update by goldman

sac sachs. i think yesterday's announcement might save them another huge buy-back it authorization. a little profit taking after hours but that was off a company we are going to talk about later in the show. i'm sure some of you are thinking, cramer, you come up with anything positive to say about anything negative. isn't this indicative of wild, desperate buying, classic blow-off-top you know, i might have at another time said that wait a second. it's about the shortage of stock. so many shares of companies have been retired so many are owning, no longer renting their stocks those of you who trade stocks in hundreds or thousands of shares will never have to worry about this but if you're buying in blocks

of 100,000 shares, any meaningful purchase is going to leave huge footprints. for those of you who say nope, i'm not going to play this game, i've got an idea for you, too. all these stocks, you know i don't like to chase as one of my rules in "get rich carefully." take a look at the sock in goldman sachs. it sold at the biggest discount to its peers since it became public it's a fabulous place to work, a place to make a lot of money are you paying a price for what i believe will be fixed within this year. why goldman? because it knows how to trade volatility it wouldn't shock me, judging by the body language from the conference call that goldman's about to become the biggest trader in the volatility of the

most volatile market of all. yeah, you know what i'm talking about. cryptocurrencies it is being weighed down by those who have a limited window. the bottom line, the most amazing thing, it isn't happening in a vacuum. today the averages got slammed, and it didn't even matter. that's fomo with a hash tag. and i think it's going to get more heated as earning season goes on. joe in indiana >> hello is this the jim cramer >> yes, it is the jim cramer >> my question has to do with the merger between qualcomm and broadcom you had a positive outlook about a month ago. since then, on november 13, qualcomm rejected the broadcom attempt to america >> right >> and they offered a very, very

poor run it's laughable $60 in cash and $10 in broadcom stock. and -- >> joe, here's what's happening. i think the ceo of broadcom, i think he's starting to realize he's not going to get, he's going to have a $300 stock on his hand i'm begging you, man, put $300 and walk away. he's going to take advantage and walk away and you have a winner in qualcomm and broadcom it's going to happen mark in nevada >> caller: hi, jim, how are you doing today? >> pretty good how are you? >> caller: pretty good, staying warm a while back i looked at jc penney stock whether it was in

the twos is there a price point where you would consider buying it on a pull back? >> i've got to tell you how i look at these things i shop everywhere, if i shop at a place i'm not crazy about, i don't recommend the stock. i just don't find it a very satisfying experience, so i can't recommend the stock. how about we go to brooks in florida. hey, brooksy >> caller: my question is this with talks to acquire gino therapeutic, could net tar be next >> they're all specs and some of them are working out and working out big. if you want to take some euchubr "mad money" that you're not afraid to lose, there's nothing wrong with speculation

multi up days for big cat names is a sign of a shortage of stocks it's a seen thign that fomo is happening and it's feeding an incredibly hungry base i have a feeling stocks are cratering after hours why don't we talk with the cfo who is the senior vice president of global marketing. you know him as marten schroeder. and then ppg report, is it painting a pretty picture? i've got the ceo stick with cramer! >> don't miss a second of "mad money. follow@jimcramer on twitter. have a question? tweet cramer, #madtweets send gem jim an e-mail. or give us a call at 1-800-743-cnbc miss something

head to madmoney.cnbc.com.

every now and then i think this market gives you kind of a gift here.

take the stock of ibm. for years they've been trying to balance out the slow down inity legacy business by bulking up faster-growing businesses. so when they managed to accomplish that, stocks got slammed in afterhours trading. it was up 4% in sectioix years i think the stock upgrade by six points juiced by a couple analysts i got a chance to check in with the former cfo i think we can shed some light on a subject people are taking too lightly. take a look. first, martin, congratulations on your promotion at ibm >> thank you

>> is this the quarter that people want the reinvention, they want to get in or should we wait to see about 2018 >> we did just give guidance for us, the quarter played out as we thought it would we did a very strong systems performance. we had a mix that didn't have as much software, but in the bottom line we finished where we wanted and really well in cash. first half to second half which we talked about in july put us on a base. now at the eps line we have some tax headwinds which we'll deal with, but operationally, when we think about the transformation of ibm, i'd say yes, now the portfolio has transformed and we have momentum going into 2018. >> people say it was aided by the mainframe, and it that's cyclical who know when is that's going to

die out. and the cognitive solutions, are they growing at the level you would have wanted a couple years ago? >> there's a lot there is the mane frainframe going awy we just shichpped more in the ls 90 days than we ever have in a 90-day period. it is two and a half times what it was ten years ago the mainframe is not going away. still the most robust platform >> who the heck uses it still? >> banks, airlines if you want scaleability, we have big clients you wonder why the trains work and supply chains work, 75% of the world's enterprise data sill still travels around in and around a mainframe nothing like it. >> and if i wanted to hack a mainframe what happens

>> in a z-14, which is the most recent mainframe, it has an inability, you can't get into it everything's encrypted all the time which means there's no user who can get into it unless you want them to. >> so theoretically, what would happen, if i'm interested in hacking someone, i'm a bad guy, i'm going to go to the non-ibm >> we're harder targets. there's this idea around cyclical changes in i.t. and secular. when we introduced or strategic imperatives we identified the secular changes happening. we talked about cloud, great cloud growth in the fourth again. security, we had great security growth, analytics, mobile. those are the secular changes that are happening in the fourth quarter with ma

mainframe going well, i have a theory which i'll come back to, they have a sicyclical place but mobile is growing, cloud is growing. the secular nate suure is what allows us to be confident in 2018 >> a one-time, they made it through tax. how do we know this time is different and it wasn't something that is going to fall off next year? >> our guidance says we're going to grow and stablize margins >> a lot of companies are getting a tax cut. your numbers are actually going up despite a tax increase. >> yes, but let's talk about tax reform for a second, because the cause of our tax rate to go up is tax reform. but we remain big supporters of tax reform, because over the long term, it's going to free up

our territorial system and we can invest and compete with our competitors. >> those who have been waiting for the reinvention, you've got to get in how. there are secular trends, which are, we're going to talk about the strategy eic grow. you didn't exhaust all the main frame business >> it will keep growing. we expect systems to keep having a good year. we're going to invest in our power business we had a great storage so systems will have a very good 2018 the secular nature is that the offerings are being driven by the shifts to cloud, shifts to better security, to mobile, that's the secular trend, and those do satisfy those viewers >> let's talk about something our viewers are interested in.

they want to be in blotching, but they don't know what blotching does, and it sounds hot. can youesq explain why it eliminates friction. >> today if you bought ibm stock today you'd have to wait three days for it to clear in a blockchain, you have instant and you can see avenue transaction instantly. it could clear and go from their account to your account instantly. take that phenomenon and think about a global trade network where you have manufacturers and freight forwarders and cargo agents and customs agents. that's a market that has a t after it, right? trillion, $2 trillion. much more efficient. >> 18,000 containers we don't what's in them, where they're going, blockchain, it wouldn't be sent to the world place, and that is a huge part

of the error of commerce >> yes, so think about how quickly you can shorten that logistics in the capital you tie up if you knew exactly when something was going to show up the paperwork is on a blockchain, you know it's right, no more paperwork, and you know it's going to be cleared at a specific time. you've just shortened that cycle dramatically that creates a lot of value. >> how do i know amazon isn't blockchain, how do i know google, how do i know ibm is synonymous with blockchain >> there are three things at enterprises that they want out of blockchains one, they have to know, they have to know that it's a permissioned network so permissioned network means i mow w know who else is in with me. bitcoin is not

if i'm maersk, 13,000 containers on every ship? we're operating in thousands and it thousands per second. bitcoin can't do that. and immutability you have to know that it can't be reversed. when you buy a share, the reason it takes three days, somebody has a physical share with a blockchain, the blockchain makes it so our blockchains are immutable. nobody can go back and say that didn't happen. >> give me a real-life example away from health care. because we've talked about it many times where watson is taking data and creating value from looking at billions of pieces of data instantly, and why is that different from another company. >> in banks, they have thousands and thousands of regulations they have to deal with in every

country. our big global bank customers have to do this 50 times what we have watson doing is learning the rules so they can navigate we can do that with a cognitive system anybody can go to h&r block, anybody in the u.s. and file their taxes. h&r block is backed by watson. watson's helping them, helping them prepare your taxes. >> let's say i want to be a seller of ibm. i listened to martin tell a good story, you're in a good position, who knows, the ceo had your job now, the one you had. so we're looking at martin moving up, and we say wait a second that guy's talking about free cash flow, i don't understand any of that. what does it mean that your cash flow is much more valuable it than we thought. >> $13 billion is a lot of

juice, right. >> $13 billion is a lot of money that we can put to work. we have to buy companies 75% of that went back to our shareholders so that goes back if two forms, dividend, and by the way, we've raised the dividend over the last five years, almost doubling it so doubling your dividend where we have more room to grow and keep reducing the share count, so you own a bigger and bigger piece. our shareholders know our financial model's built around the idea that you are going to get money back along the way >> i started the interview by saying congratulations people are trying to understand what your position means you are not the cfo. and where you are, is this a position where you're going to be around the world telling people this is what you should be selling or is it an analytics job? >> i'm really excited about this role, by the way, senior vice president of global markets, in

order to get excited about a role you have to be confident that the person taking yours, cfo is a big job and i can go into the next role really excited about what i'm doing, because we know that this guy is a real, real good operator new role, new role, when you think about what i did for the last four years i brought ibm together in front of our investors, now i bring ibm together in front of our clients. >> the senior vice president global markets >> nice to see you

experience the new 2018 lexus nx and the nx hybrid with a class-leading 31 mpg combined estimate. lease the 2018 nx 300 for $339/month for 36 months. experience amazing at your lexus dealer.

the more i think about it, the more i realize the true story of this market is all about cognitive distance there are so many examples of

investors holding two contradictory opinions at the same time. for example, when you listen to all the conference calls like i do, take the ones from the banks, they're constantly chattering about how much more money they can make from an environment where both short term and long-term rates are rising bigger profits it's a one-two punch of positivity makes sense. when rates go up, lending becomes more profitable for the banks. goes right to the bottom line. just when we start to get some flexion, suddenly, people are warning of consequences on higher long-term rates on the u.s. economy how is that possible these guys were complaining that it was too flat. now they're worried it's not flat enough? i think the so-called experts immediate to read the conference calls. why would you let the facts get

in the way of a good, negative story? where else do we see cognitive dissonance president trump? he's not exactly mr. popular more than half the people in this country voted against lihi and seem to hate him more as the day goes on. this country has become incredibly partisan, vicious, vast swaths of this country despise this guy on the flip side, the president's supporters adore the guy and give him more credit than he deserves, who knows. >> trump, trump, trump, trump, trump stock. >> how does this play out in the stock market simple the economy is booming and while some of it is the worldwide expansion, some of it is from president obama. a lot of it relates directly to trump's policies, specifically, deregulation and tax cuts.

but those who hate the president with the fire of 1,000 suns don't want to hear it. they don't want to admit it. because they're worried about embracing trump would be a public relations nightmare, especially overseas where they have a ton of business, and they don't like the guy personally. but that's a bad way to approach investing. we have no room for that we have no time for that you need to put aside your personal opinions, even if you loathe trump, even if you think he's an idiot, even if you view trickle down economics as idiotic check your emotions at the door. the third round, all anyone wants to talk about is cryptocurrencies in the large part, stocks have been ignored

i bet it will flood into stocks by mini capitalizations, by companies that have as much going for them as bitcoins it will give the tiny stocks boost but not happening yet. when people say bitcoin, i say how about boeing there's another factor how about the simple mechanics of the stock market. there are far too few ipos, and we have a ton of old stock being retired due to buybacks. now stock clickers are coming in on top of the etfs, and the race to purchase stocks of cherished companies. it it's non-stop. the only household names that are struggling are those who don't have voracious buybacks. netflix, let's rip that one out.

the fundamentals are good for these companies, and despite the hand wringing you hear about appointme anti-trust action, there is nothing going on at the justice department we learned our antitrust law from the same professors the last thing i want to do is crackdown on antitrust when it comes to american instability. put all it together and you see were there is so much cynicism even as it keeps powering higher you know what i'm talking about. gradually, the bears will be forced to acknowledge reality. and when they do, that's how you get another leg of upside. i'm going to zachary in south carolina zachary. >> caller: jim, thanks pofor having me on >> of course

>>. >> caller: i'd like to hear your take on alcoa. is it a buy opportunity or increasing production costs and financial headwinds are going to be trouble >> i'm not so worried about the headwinds, about how china is getting a little more religion about killing people with their bad air. that said, it was a miss and a miss is a miss you usually get stocks to go down three days on a miss. let's give it two more days and then we'll be chatting dave in illinois dave >> caller: dr. cramer, from the land of lincoln and city of broad shoulders. the only city on the planet that has two exchanges for bitcoin. >> we haven't heard from you in a couple days. when what's going on? >> caller: earning season kicke off. it is the rather large -- the

bank corp is a regional bank operating only in the u.s. it's shown surprising strength recently and will report four-q reports. in an environment where rates are expected to rise three times, do you see -- >> i like the economy and the buyback, and i think it's a very inexpensive stock. it's the kind of stock people stopped talking about, dave, that's a real, real good opportunity. count me as a buyer. there are four dichotomies driving the market right now, and they're gravitating toward the bulls, not the bears there's much more "mad money," including my ppg, did you see that today it be steamin' higher. almost $4. how about the autonomous vehicle game you know what we haven't played

lately "am i diversified. we have to step it up. and then the lightning round so stick with cramer

lately, all sorts of economically sensitive stocks, what we call cyclicals around here have caught fire, especially industrials and chemical companies, but there are still some players in the space who are able to play catch up while ppg's stock went up 20% last year, it's pretty much flat over the last couple months. the company did everything it could to become less cyclical, very smart, like selling chemical businesses. it is styled the old wall street fashion show could it be ready to soar again? they reported a robust quarter they beat estimates by a penny sales came in higher than anticipated, 8%. and the stocks surged nearly $4.

let's take a closer look with michael mcfwarity, welcome back to "mad money. >> hey, jim, it's great to be back, and i'm sorry our steelers won't be playing your eagles in the super bowl >> i wanted a steegles game. we will mess yoiss you. we will miss you >> good luck to you. >> hope we don't need, but thank you very much. you had the best volume growth in three years how were you able to do that >> well, jim, it's a combination. a number of our businesses had good quarters, driven by technology so if you look at our packaging business, new innovative coatings to protect the inside of the can, refinish business, again water-based technologies

and aerospace where we produce light-weight sealant we're pleased with our architectural business, so a number our coatings, especially timeless stain and paint in home depot did very well. >> now you also are benefitting. you put your tentacles in a lot of different companies for a while, it's coming back and make bei makeing things great for you >> 43% of our sales are in the u.s., the rest are global. we are in 70 countries for manufacturing and sell in 140 countries. so we're present everywhere around the world we tell everybody if it moves, we should paint it, if it doesn't move, we should paint it >> we talked about electric batteries, people didn't realize you were a stealth play on that. this time we have to talk about electric vehicles that are autonomous driving and the non-electric, because you're

involved with something that's pretty darn exciting about autonomous driving that people don't realize has to do with coatings >> if you think about the lidar and radar that enables autonomous driving, they need the costs drive driven down and coatings will enable that technology to work it will make the car more visible we can do things with the paint that will enable it to be seen easier, put the lidar and radar in the bumpers so they cannot be so ugly in the car you think about why the tesla iii has such great visibility, it has the ability to hide a lot of things in it, and we're going to enable that >> i read some great reviews about the tesla iii, they talked precisely about that i did not know that was your coatings that hid largely what is unattractive in cars.

>> i think you ought to talk to te tesla about how their technology works, but we're pleased to be a leading partner with them. >> you have a lot of capital on the side waiting nobody seems to want to be for sale, you dote wan't want to do anything hostile or are you just biding your time >> we're very good at acquisitions, we continuously do it, and we would prefer to do acquisitions but in the event we can't, we're going to spend $4.2 billion, return that back to the shareholders in stock buybacks or acquisitions. so we'll be in the market in q1. but we're going to announce more acquisitions we've already announced one, and we have a pipeline it that's strong and we'll be looking to do more later this year as well. >> you've done so much to make it so much on cyclic al growth.

we have liked this stock for so long i'm reiterating, it is the right place to be. "mad money's" back after the break. your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. 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.

it's time for the lightning round. and then the lightning round is over are you ready, ski daddy vince in minnesota >> caller: boo yaw how are you, jim >> thank you for not saying viking skol boo-yah. >> caller: are you coming to the super bowl by the way. >> eah >> caller: there's a great party at pete nigerian's house >> i wasn't invited. >> caller: hormel foods. >> i like hormel let's go to kaye in indiana.

>> caller: ayi >> misses too many quarters. bob. >> caller: i really like green buy. >> sam i am, sam in new jersey sam. hey, staam, you're on. that's me on the phone. >> caller: could you please give me advice on -- >> hi. >> caller: boo-yah to you. i bought veil at $18 >> you can wait until it comes back up. it really is pure commodity. >> sorry, some bad feelings.

charlie in mississippi >> caller: first time caller, a big boo-yah from mississippi -- corporation >> that stock i feel, i'm not crazy about. because bill ackman, he's a mover. he's a seller, so that makes me think, don't buy elliot in new york elliot >> caller: i just want to say you're an awesome teacher. >> thank you, that's what i want to do. what's up? >> caller: my stock is symantec. >> there are too many stocks, and i say power up the networks. and that is the end of the and that is the end of the lightning round. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation?

it's just complicated. step-by-step options trading support from td ameritrade

it crept back into the markets. how about the crazy day where it was up and down, almost 20 points that's why we preached the importance of maintaining a diversified market that's why we have to play "am i diversifi diversified. this is where you give me a call or a tweet let's start with a tweet from sweet lou, no doubt we're reefing to sweet piniella, he says hey, jim, how about a 2:00

a.m. est carnival, apple, united health, paypal, here we are. i like this. carnival boy, we know it as a technology company on the seas love that entertainment experiential paypal, that's dan shulman, a company on fire. and united health group, i talk about that at the top of the show, the premiere health insurer of the world health insurance, technology, payment though entertainment and defense. that is a 2:00 a.m. hallelujah ♪ hallelujah and of course apple. do i have to mention apple technology marshall plan. patrick in connecticut

>> caller: mr. cramer, it's an honor. i followed you since the beginning back in joe's grand old days >> you're dating me. >> caller: here's my five. bank of america, slom ber j, nor, microsoft and rio tinto >> here's another guy who seems to know what he's doing. nor, my favorite in cr construction maybe they will be doing some buying microsoft, premiere technology, sh lum berger which is maybe the greatest technology company, but it's an oil service company. oil service, pc, so that's why they're not overlap. mineral, enc, engineering and construction, and financial, wow. [cheers and applause and next is dan in south dakota.

dan. >> caller: boo-yah and crazy horse boo-yah from south dakota. you and your wife should get off the new jersey turnpike and come to south dakota for vacation >> my daughters went and just loved it, i have to tell you i thought it was kind of a wow, really but they had the best time in the world. how can i help >> caller: awesome living in eastern south dakota i have to arm wrestle you on the vikings game >> what's all this purple stuff >> caller: my stocks, apple, boeing, caterpillar, universal display corporation, 3m. >> see, i like this kind of thing. i will tell you why i like this. you got boeing which you know is

my favorite air someplace. apple, own it, don't trade it. and universal display. oh, that's too late into apple, give me a break. this is a great technology company. you got technology that is very high-end, but you also have consumer powers company that isn't technology company aerospace, machinery, diversified. you seen 3m lately that don't quit. that don't quit. stick with cramer. it's not theirs. it's mine. mine. mine. mine. the new lexus rx 350l with three rows for seven passengers. are you excited about your baby sister coming? experience space for the unexpected with the rx l, part of the rx family. experience amazing at your lexus dealer.

but some of us make somethinge make sommuch more. dinner. mom would be proud. with blue apron, any night is a chance to see what cooking can do.

ibm stock back to where it was a couple days ago. is this an opportunity i think this is important. there are analysts who just upgraded it, and they will defend it very hard tomorrow morning. so if it opens down from this level i think you pounce like i said, there's always a bull market somewhere, i promise to find it just for you here on "mad money," i'm jim cramer, and i will 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." ♪ is a reinvention of an ancient beverage. hello, sharks. i'm jon fotheringham. and i'm dr. eric durtschi. we're the creators of crio, and we're seeking $1 million in exchange for a 10% equity stake in our business.