pete, final trade. >> goim. >> baba is oversold. get in there. >> stay with intel. >> alibaba, intel. guy adami? >> 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 so call me at 1-800-743-cnbc or tweet me @jimcramer. was this the bottom? not so fast. if yesterday's decline on the

dow, it lost another 56 se7 pois this morning and rebounding like crazy in the afternoon. same method it fell at the opening. s&p falling. nasdaq surging 3.7%. how much can you trust this bounce get this, a report from snapple on top of last night's rocket fuel which was a perfect report from semiconductor sky work solution look, i think we cleaned out the bear den when we opened down that fabled 567 dow points i think we wiped out the

weak-handed investors. we dealt with mechanical issues that exacerbated the decline even as the tape suddenly got a lot more bullish as we told members, the actual owners plus.com club, you can't chase a flying market. and right now we have a flying market you need to understand where we are. what caused us to get hammered in the first place unfortunately many of these issues remain relevant even after today's rally. first yield sword thanks to fry friday's unemployment report

investors become risk averse as they creep higher, treasuries represent a better and better risk-free alternative to the insanity of the stock market tough to trust the asset class the rising bond yields is just one facet of this issue. the other thing we saw in the unemployment report is the prospect of feared rate inflation. we haven't seen that in ages inflation makes investors less willing to pay up for stock. stocks are known for what we call long-dated assets inflation makes those future earnings less valuable because it erodes the purchasing power of the given dollar. throw in some stretch valuations and you can see why we this this

meltdown and why we couldn't have more selling after a deserved rally i am saying it was logical we were due for a pullback the velocity of the decline well, that was absurd. this is imimportaportant if youo get your head around why we. on the actual s&p. this small exchange traded product that people used to short the volatility shares. vix went bust. this inverse vix thing was designed to fail

[ boo should never have been built remember, until a week or so ago, it was placid by loading u on xiv and that translated into the utter destructionthis inverse vix product. it went from 99 to seven in a single day with most of the decline coming at 401 when the market was closed this matters because the owners of this piece of paper got wiped out. that was the probable cause of the jigigantic midday decline. it is also why we went down 567 at the opening i was here telling you it was phony. i sure hope you listened now that we are digesting from

this silly inverse vix product, investors please put your money if you go the it with any of these clowns the other factors are still with us in short, happy days are not necessarily here again sure, the fundamentals of each individual companies we know the tax cut is beneficial for business. all of that was baked in we now realize that the cake got overbaked and that is the best analogy i can find to explain the selloff. yes, we saw good things in tech, and aerospace. i love the way satisfactoboeingd the one group that still finished the day lower,

utilities makes send right in the blast radius about fears of rising interest rates. and measures when the market gets overbought and oversold is important fell to a minus 6.9 reading after today's close. any time it goes below negative five, that is considered oversold and tends to always lead to a bounce if you look at the history of the last three years when it has been good in the economy, we only have five periods and four of them turned out to be fantastic buying opportunities beyond what we saw today. the first comparable negative reading came in late august of 2015 when investors dumped stock because worried about a slow down in china. how about the january 2016

beating crushed by the vicious decline of oil we had a similar situation in february 2016 when crude retouched $26 and the banks that lent to the oil producers revealed large losses. same story up 6% as oil stabilized. last time we rallied when the oscillator was low was back in 2016 in fact the only time we got this oversold and didn't rale over the next month was december 2016 afraid of the government shutdown. back this congress solved the problem, but they did fall 3.6% over the falling month but not bad. other than the news truck gage, that is where i see local

broadcast affiliates parked with satellite trucks here is my bottom line today's bounce was a relief but don't let it go to your head just because we had a big update doesn't cause problems to get slammed yesterday and last week. today was a textbook example why you never want to panic. always a better moment to sell than into the teeth of a decline. perfect time to do buying of merchandise spit out mechanically by instruments with faulty design that were bound to blow up anyway case in point, fang, i am going off the charts after coining the

acronym five years ago then the market has been all over the place today i am opening up the phone lines to talk it out in a special tragedy session. last time i told you it wassed with be tough apple leading the market i will tell you if it is time to consider the company shares. so stick with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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fang facebook amazon netflix and google and now alphabet. fang fang is fang -- fang

fang be the king i mean really, i had the same outfit on for one of those fangs. but it was old now after all the things that went wrong with this market. the hideous losses the pat crash. and now the dow roaring back what could possibly be turn you in an instant. why would anyone want to put themselves in this agony for he can -- the gains they can be down right stunning and better than a passive s&p fund just for the record tonight we are going off the charts with the help of bob lang

as well as being the brilliant technician, trifecta stock news letter in order to illustrate what i am talking about here lang's letter is a must-read lang had this idea for a cute acronym that would sum up the hottest stocks around. fang i liked the idea so much that i shamelessly adopted it some people would go far to say i stole it i like appropriated best the past week, it has been mighty rough on fang alphabet got hammered. amazon and netflix got slammed considering they both are doing well

facebook has surged 547% amazon gained 421% on average, the fang stock are up 537%. that is why we try to identify individual winners that is why stock picking is worth while. normally you would only expect to see mammoth gains from tiny stocks they are like the poor loined letter to put their moves in perspective, fang leads the averages in the dust more importantly for the last five years, fang has been resilient. the so-called experts try to crush these stories over and over again they laugh at them it is like carrie in the gym

every time fang bounced back, the group has incredible leading power. alphabet got big support in cast there. can fang continue to perform this way hundreds of billions of dollars in marking caps created. are we suddenly in a not is brave new world where we need to get more cautious. let's start with the daily charter facebook lang notes facebook is making a consistent pattern of higher highs and lower lows this is bullish, right what about this ugly, ugly breakdown yesterday? before bouncing back to close at 185. facebook has a nice floor

support right here since last fall, the stock has bounced from this level 3 times. will it bounce again, lang thinks so. has remained positive. indicating the big institutions still have an appetite for facebook wouldn't be surprise that facebook can make a move to 200 in the not so distant future don't you want to capture that how about amazon a little bit more than three months ago, this was a $970 stock. now it is $1,442 stock amazon reported fabulous number last thursday. but they gave up most of these gains as the market rose higher. lang likes the stock recent rally happened on strong vibe.

there is a lot to happen with amazon which is why making its run to 1500 i have called this stock my favorite to buy right through this dip, selloff, correction. amazon now more than ever. and then netflix two weeks ago netflix rocketed higher lang likes that these declines happened on following volume volume went down meanwhile, netflix has a nice support at 20-day move and average. and the chaikin money flow lang things it could go to 300

finally alphabet formerly known as google alphabet fell off a cliff. this is the one fang component that lang is not feeling quite so sanguine about. a tool that helps technicians to check changes in the stock trajectory before they happen. whether black lang goes under the red one. the money flow is still strong with this one. in the end alphabet remains $85 above its 200 moving day average. lang could see alphabet bottoming out at the current level. he thinks that 1050 level would be a buying opportunity. he says it is problem lie going to 1050 first. i think it will steer clear of

that low level i am getting fed up with it. and if it gets back here, you know what, yeah, might be time to hit the exit. i am getting tired of this one here is the bottom line. for five years, facebook, amazon, netflix and amazon surprised everything that the bears had to throw at them lang suggesting this time it may be no different. he does expect alphabet to pull back before it finds footing i remain a fang sto ward and i want to add the obligatory fang a, apple to the acronym. opening the phone lines for special strategy session

apple leading the way. i am taking a closer look. now that the market settle down a bit i use the term lightly i am searching the rubble. don't miss may exclusive with the technology that happens to be in the oil by core lass. stick with cramer. let's begin. yes or no? do you want the same tools and seamless experience across web and tablet?

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talk about a roller coaster ride stocks all over the map after yesterday and closed strong after a long overdue selloff as long as you stop panicking, you can find the opportunities in stocks that you want. let's make sense of this crazy day. i am opening up the phone lines

and taking all your calls. it is a special selloff strategy session. let's start with john in my home state of new jersey. >> caller: jimmy, booyah from new jersey you know that inexpensive town. >> yeah, that is a good zip code what's up. >> caller: it ain't been too good the last years. here is my question, or my concern. i am all in. what do i do i hear people moving around. put a put in february, i don't know what they are talking about. i put everything in. i have 82% in equity, 4% in cash i have to know where to go i use the cash to run the family and a little bit extra to go to the inn. >> if we are talking ten years and i don't know how old you are.

but that might be okay. >> caller: not for ten years. >> look, if you are investing for the long-term, then i am not even uncomfortable with that make up. if you need to be able to raise cash because you might need it within the next five years, then this bounce back which i expect from an over sold reading would be a time where you lighten up and take that cash position from 4% to a more reasonable eight% that is what i would do if i were you brett in massachusetts >> caller: what's going on jim, congrats on last night, or two nights ago, the only one you are going to get pat fan. i am wondering if the tax bill is going to protect or hurt it. >> i stunned me there. i am trying to figure out why i

should answer your question with the disrespect there but you sound like a nice enough fellow what they didn't count on, is the companies themselves, the ceos are saying we are going good but not that good also, let's remember, january was the most the public was ever as bid in in years and years and because i think they are in because of the tax code change, we got overheated and now we are cooling off. i mate broccoli last night and if you put it right in before you let it cool, it burns the rest of your mouth kosh in virginia. >> caller: thank you so much for being of service and helping others. >> thank you >> caller: i can really tell

that you really have a good heart and you care for others. >>thanks a lot can never care enough. how about chris long donating his check from the eagles. i got to get more like him. >> caller: you are like him. you are like him >> how can i help? >> caller: so, this week has felt like a fred stanford cardiac market almost felt like the big one although i know it wasn't the big one. >> right. >> caller: many investors like me have bought stocks within the past 12 months. >> okay. >> caller: and it would have short-term capital gains if we sell or trim. >> right. >> caller: you often, you often say that we should take profits

from winning stocks -- >> well, let's understand what i say is i don't want people to turn gains into losses because they are afraid of paying taxes. because in 2000, people had gains and didn't want to take them and turned out they didn't have to worry about the tax man, they lost all their money it is okay for stocks to get too overheated we took some profits in stocks i really liked but put the money back in as the stock went down let's go to jacquelyn in new york. >> caller: hi, jim, booyah i am a teen investor here with my mom what stocks or sectors do you think will pave the way for the rebound of the market. >> the market always speaks directly to us it tells us things after big declines it shows you what is going to

bottom and lead us what it showed is the technology the tech sector, and probably helped by snap and a good number from ackami. and in the short hand, it is amazon amazon is the thing that i think is going to be the rocket ship when did you start investing >> my mom started out for me and she taught me how to do it. >> caller: we are wonder if the semi conductor cycle is the end or has room to grow. >> if that stock doesn't take out its high, and if that doesn't take out its high, then i am going to worry. you and i both know the way

micron trades it goes up and up. and it doesn't take out its high, that is often the top. in the end, they make commodity semiconductors i think you are okay now it gets expensive with when the earnings come down and i think it is great that you got your daughter started that is what i hope people do. i hope people listen and you obviously are. let's go with manny in new jersey. >> caller: thank you for taking the call my daughter's plan is fully funded and ready to go to college in the fall. with all of the volatility and the predictions from the talking heads should i take the money out and park it safely or take it from the 549. >> this markets now after what

we just saw in the last four hours is a little dicey to be able to have all of that tuition money that you saved rolling the dice with it you have won you only need to win once. and you have done it congratulations don't give it up much more "mad money" ahead. i got an idea for you. i am going to explain. and then i am talking to the ceo of core labs to see how the stock was able to hold up. all your calls rapid fire in tonight's edition for "lightning round. i see you all on the street and all oh over the country, i got your back. stick with cramer. at at&t, buy one iphone 8 and get one on us.

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. >> last time i told you it would be tough for the market to get its act together without apple leading the way. apple stock turns around and rebounds like crazy. and yes, leading the way for the entire market with its bullish pivot. glad we got that right what makes this all more impressive is the fact that apple stock is coming back even after it is under constant fire from the so-called analyst community. maybe they should call it a village not a community because it takes a village to be as wrong as these guys on apple delivering strong top and bottom line numbers, but a lackluster

iphone sales forecast, the long knives have been coming back but i think apple is at its best when the analysts are at its worse. right now we are hearing that the new iphones the 8 and the 10 are such a disappointment. that this might be the iphone 6 cycle all over again apple rolled out the success in 20 2015 and the response wasn't tepid at best. plunging nearly 30% from highs to its bottom in may of 2016 you are going to hear this comparison a lot going forward but, i think the analogy is

bogus. look at the darn numbers iphone 6 hit the market and apple experienced a major slow down the first quarter it was on the market the company saw 2% revenue growth the quarter after that they had 18% revenue shrink saage and 22 earning shrinkage. the stock stabilized after tim cook came on our show and assured everything would be okay good call. tim cook delivered and the stock is giving phenomenal gain since then however, analysts are saying forget about that. they are telling us apple's best days are behind it and it is spooking many people into trading the stock rather

than owning it here we go again much the rhetoric may be the same as the iphone 6 cycle, but frankly nothing else is. let's compare the situation to right now. next quarter the same skeptic analysts -- and 30% earnings growth that is nothing like 2016 where the numbers were actually a decline. we went over what the single best analyst who covers apple has been saying she points out unlike 2016 when china was decelerating meanwhile, the company's service revenue stream apple music and apple data is growing like a

weed 18% clip it is now starting to take on the razer blade business model that is so sensational i am insensitive to my apple bill especially since i love to have my pictures backed up on the cloud. the only bills i never bother to scrutinize is my netflix, my costco, amazon prime and apple everything else i just pay it can double the price and hardly anyone would notice and there is all of that apple cash apple cash and they can repatriate it which the company uses the buy back stock yeah, you heard that number, 168 billion. stock selling at 119 -- cheaper

than most of informational technology peers i will go one step further, it is actually cheaper than almost every stock i follow and i follow 500 s&p stocks. apple has the fire power to buy back 20% of share count and growing to 1.3 billion users 30% increase in two years. this stuff has high margins. apple had a smaller base during the disappointing cycle. i hate the chase, but the next time the negative analysts manage to knock apple down, and they will do it, i think it is a terrific buy the one with the best technology that just keeps improving and do

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>> announcer: lightning round is sponsored by td ameritrade it is time it is time for the lightning round on cramer's "mad money." we'll play this sound -- [ buzzer ] -- and then the lightning round is over. are you ready, skee-daddy? it's time for the lightning round on cramer's "mad money." starting with ron in california. >> caller: booyah. my question is granite construction is it a buy with or without -- granite is good. i am more partial to u.s. concrete craig in new york. >> caller: mgp ingredients

get some sleep. >> that is an interesting company. a lot of people tell me there is a lot more to it than that we are going to dig deeper cameron in south carolina. >> caller: booyah. ford motor company. >> seems like -- 5.5% yield but it don't matter, i am staying away arnold in california. >> caller: jim, love your show do you still like chesapeake energy >> i haven't liked it for ten years. i can't get on the chesapeake bandwagon. let's go to dennis in michigan >> caller: jim, thanks for taking my call. >> of course. >> caller: stock is medicine company. mdco we have united health, that is

my go-to choice. david in new jersey. >> caller: greetings from new jersey my question is about atlasian corporation. >> that is a terrific inexpensive program that gets everybody to be together in a company. i like that. notice it didn't even come down. symbol tteam kind of like eagl -- you get the picture. gary in washington. >> caller: i am a physicist who turned into a stock due to you i am looking at aero environment. and their plan as far as drones go with respect to climate stuff capping in the midwest. >> i think there is a private company that does agriculture.

they do agriculture drones that may be able to give this company a run for its company. and i like the military side call me a buyer not a seller george in west virginia. >> caller: mr. cramer, i like what you do. >> i don't recommend the stock take over basis. and that ladies and gentlemen, concludes the "lightning round". >> announcer: lightning round is sponsored by td ameritrade 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 main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated.

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now that the market has bun to settle down, maybe it is time to pick among the rubble this is the moment you search through the ashes for high quality stocks that got hit harder than they deserve how do we know what is high quality? take core labs, the technology of oil service base. these guys use their tech to help analyze rocks and fluids showing the best place to drill in order to get the oil out of the oiled fields the stock of core labs had a misfortune of reporting last thursday management told a bullish story

about how oil producers will keep adopting technology in order to drill oil service wells. we are seeing make a bit of a comeback that is why core shares have held up so well during the selloff. so does this stock make sense here let's check in with david demshur the ceo of core laboratories welcome back to "mad money.." >> thanks for having us back and how about those eagles >> don't get me started. i wore another green tie this was a remarkable quarter x one of the things that was remarkable about is that your company is more levered to technology than just the oil price. i want people to understand that >> not so. the application of technology is

catching on more and more in the oil field. if you just look at the efficiency of drillers in the u.s. in these unconventional plays, break even used to be up $80, break even now is $40 a lot of applications that helps them do two things number one produce more oil and gas every day and number two, produce more oil and gas over the life of the field. right now on average only produces 9% of total in place oil. with core lab technology we are hoping to increase that number up to maybe 14 or 15% which would be a 50% increase if the amount of recovery from these unconventional plays. >> conference calls lots of people speaking and great things to add and return the capital back to

their shareholders, that is what they are doing as opposed to growing production and destroying capital at any cost explain that to us. >> jim, if you look over the last ten years, starting back in 2008, we had a strong run in 2008 to 2014, a lot of explores in the u.s. and worldwide destroyed capital. spending more money than what they were going to recover from producing oil and natural gas. we are trying to help them get a better return on that. drill fewer wells, but better wells. that is difficult for them and return capital back to their shareholders. >> now, have you seen any diminishing of competition you cared tremendously about your balance sheet, and

shareholders and you didn't throw money away and others did are you taking shares from others that their eyes are too big for their balance sheet. >> what we have done is created market share in unconventionals no other company was think beiing about t we might not be capturing market share but creating new markets for core lab to thrive in. >> and in these creation of new markets are they getting lift from the fact that oil is in the 60s than when it was in the 20s. >> you see companies like pioneer natural resources occidental, chevron, shell, bp if you look at bp's numbers they sported nice returns and some

very, very nice discoveries that they have made over the last couple of years. >> how do we feel about oil price in general or can we say as long as it stays in this area, wie don't need 80. core does fine here and if oil goes higher, even better. >> if you look at worldwide production, the world has drawn on inventories now 17 months in a row. worldwide inventories are now 40 days of supply. usually at that level you start to get stable oil prices once we dip below that 40-day in inventory, we start to get increases in crude prices and we think that is going to happen over the next six or so months. >> if that is the case, it makes it understandable why core stock has held up and understandable

why it can go higher david demshur thank you so much for coming on "mad money." >> technology is creating new market that makes me lake clb all the more stay with cramer

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more technology. i can even add a new driver... ...right from her phone! geico. expect great savings and a whole lot more. you got a case to send out the clowns with the explosion of the obtuse vix instrument. it caused a lot of selling at the opening and then boom, the s&p 500 oscillator but remember, inflation, interest rates going in the wrong direction. it is a changed landscape and not as good as it was even a month ago. i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money. i'm jim cramer, and i will see you tomorrow

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