heart" which is a huge coincide. what we say when a trader loses a pitch. which is what just happened to the guy adami oneastern. "mad money" with jim cramer begins right now my mission is simple, to make you money i'm here to level the playing field for all investors. there is 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 cramericaia, i'm trying to save you some money. my job is not just to entertain, but to educate, so call me or tweet me @jimcramer. nobody likes tariffs except for all the people whose jobs are going to save now, none of those people work on wall street, though

so if you want stocks to come down, you sell a 25% tariff on steel and 10% duty on aluminum, hence why the dow plunged 420 points, s&p plummeted 1.3% and the nasdaq nose-dived 1.27%. >> house of pain. >> that's exactly what president trump did today. you know what, it is exactly what he said he would do if foreign countries didn't stop dumping this stuff in our markets. as they have been doing for ages now, i've been saying this would happen over and over again on this show. yet somehow this came as a surprise to people i think it is in trump's dna anyone ever read this book we need to approach these trade sanctions, ones that will impact multiso-called trading partners into it. first i'll put out the worst case scenario. did cassandra wear a hat

maybe it is like a chicken little hat either way, i'll explain why so many people think this guy is for it and then i'll tell you my feelings my thoughts, on why these tariffs may not be the end of the world as we know it and probably in there doing some investing soon first, though, you need to hear the unhinge e ed laissez-faire polemic. the many issues donald trump ran on, one that probably won him the election was trade he wasn't going to let our steel and aluminum workers, we still have some of the former, not many of the latter, get sacrificed on the altar of growth also, we can sell more goods to china and other countries and dump these products. basically he said the same things we have been hearing from some of the smartest people in the steel industry for years, people like john feriola and dan damika, frequent guests on "mad

money. these industrialists have been arguing not that the president should start a trade war, but we have been on the receiving end of a trade war for ages. we just hadn't chosen to fight back and also to be fair, president obama, hey, he went after many dumpers during his two terms he knew the chinese in particular weren't playing fair. and he did try to do something about it but obama was the master of understatement, trump is the master of overstatement, he's a speak loudly and carry a large bazooka kind of guy. why is everybody freaking out about this news? what is so bad about protecting vulnerable american jobs from unfair foreign trade practices well, because anytime a politician comes out against free trade, even a little bit in this country, all the experts act like they should be burned at the stake for heresy. like a religious totem, not here, not on "mad money. let me give you the negative rap first, though, the dogmatic reasons why so many sold stocks on the news and might continue to do so i don't buy into what i'm about

to tell you. but watch what wall street does. they took the classes, how they feel first, because there is a chinese trade delegation in washington, the bears will say that the chinese rather than backing down will slap tariffs of their own on everything we make here in america from planes to shampoo to diapers to elevators forget the fact that we import a lot more steel from other countries than china, though the chinese have been dumping ining aluminum in this country surreptitiously for ages i understand people want to sell every company in the people's republic, pretty much everybody. and sort of true but if you're going to extrapolate that far, why not go all the way? let's take it to the full scale nuclear war. donald trump imposes 25% steel tariff, uh-oh, better go hide in the fault center because the chinese is going to retaliate, right? second, the free trade evangelists, that's who they

are, will say these tariv tarifl push up prices so high to cause inflation throughout our country. there will be a little inflation. we make plenty of things in this country with steel and aluminum but i doubt the tariffs will be devastating to finished goods. third, they'll say a trade war will slam the brakes on commerce worldwide. so we'll end up in stagflation hell where even as we do less business, prices are going to go up across the board. holy cow who knew it was so easy to rack the global economy fourth, you'll never hear this is how the great depression began, they'll talk about the punitive tariff signed into law in june of 1930 before the big one, before the big one. well, never mind the great crash happened in october '29. that tariff did cover 20,000 different goods, though. fifth, going full on paranoia, they'll say it is not going to stop with steel and aluminum

next maybe cars, all sorts of imports, make everything more expensive at the retail level. stagflation hell, notice the pattern here sixth, a rookie federal reserve chairman committed four rate hikes this year right when world trade is about to collapse because of these tariffs and we're going to protectionist mode they'll say jay powell, we're going to crash into a tariff retaining wall i think they're being delusional but i'm spelling out the bears i heard it all day seventh, days and days and days if not weeks where this trade war story will dominate the news cycle and each time the industrialists will get slammed, to the bears that means slowing is a short, so is united technologies, planes, elevators, look out below to take this hysterical argument to its logical conclusion, the 25% steel tariff means you now got to sell apple, absolutely, because the chinese will never let apple sell anything again. no tariffs just outlaw all apple products going through the spirit of xi,

some sort of real thing. why not the iphone most of it is made in, well, not china. that's the extreme worst case scenario spelled out by the bears who just went off their medication what about the best case scenario remember, best case doesn't mean buy, buy, buy, let me lay it out, first, maybe the chinese, a lot of the other partners, but the chinese do nothing except grouse and the rest of our trading partners simply acquiesce as we have in this country for eons. these countries, china in particular, also korea, know they have been dumping they have wiped out our industries years ago they may be surprised it took us so long to wake up this is the chinese paper tiger theory that the president espoused for years including multiple reviews to me before he was elected. two, let's talk tariffs. obama imposed anti-dumping

duties too his were subtler and less noisy but they happened and we were just fine, in raging inflation to speak of. as for chinese retaliation, the communist party wants to cut back on pollution anyway they may decide to shut down steel and aluminum plants as a goodwill gesture, they have been doing a bunch of them already. sound crazy? it is a lot more likely than china initiating a full scale retaliation. third, the market had a gigantic rebound off the bottom the problem with this move is that the volatility sellers, remember that vix thing, the ones who borrow money to buy against the vix, here we go, yen, got to crush those guys, can't believe there is any left. cockroaches. it is going to happen. fourth, sure the president can be a bit meer occurial, but the stock market is the key met rick of his job performance he talked about protecting workers from unfair foreign competition. but you better believe mr. art of the deal will change his tune pretty quickly fifth, we need another stock shakeout as far as i'm

concerned. that's what happens after big runs you hear about a recast, but they don't come until everybody has decided there won't be a retest here we are. six, even if you're worried about trade, there are tons of domestic stocks that won't be impacted we have one on tonight even retailers sell a lot less merchandise from china than you think. they're much cheaper places to manufacture. and obviously the steel and aluminum makers, they benefit from the move today, not done. if you can't take the pain, go feel free to lock in profits nobody got hurt taking a profit. i'm sure you got plenty of big gains. i don't think the tariffs will be a front and center story a week from now. if you're nimble enough to get out and get back in, be my guest. most people aren't that nimble look, losses are losses. even casual observer of the show would have known that this was going to happen because i talked about it endlessly this is my number one concern over and over again, perhaps because i spend so much time on

this i have not been worried about a potential trade war, no. we have been losing them for years. my fear was always that an anti-protectionist panic would cause us to get slammed just like we were today in the end, i believe this market will settle down and the bear case is way too extreme, verging on hysterical. the garden variety sell-off, let's say that's the far more likely scenario. let's go to astrid in new york astrid >> hey, jim. we watch you all the time. >> thank you >> so my question is, i actually bought u.s. steel a while back because of the tariff rumors how long should i hold it and what is -- >> not very long because in the end, what we care about in cramerica is good companies. you want new core. that's the best of the best. to jeff in utah. jeff >> caller: hello, a huge big,

big massive booming boo-yah to you, jim. >> i like that kind of time size boo-yah. let's go to work together. >> caller: greet frings from sat lake city. i want to talk to you about mobile. >> i am cool to the fossil fuel stocks on the show a whole new generation of fund managers that think these are tobacco and it is time for america to think young nicholas in florida. nicholas >> caller: hey, cramer, i was wondering about sterling construction, strl is the ticker houston, hurricane, a good -- >> it is okay if you want to play that and i say play, i don't like that, i should say invest, what you want is waste management, my trustman has been buying it, most consistent play with a good dividend, good balance sheet and fantastic management okay listen up. tariffs will change things the bear case is just way too

extreme for us at cramerica. pay attention to the constructive case. it is often the way to go including now. tonight, markets hit today, one group held up well, and it might surprise you i'm going to reveal his face just ahead tough day for averages i know you have questions. i'll open up the phone lines and talk it out. and slim jims, jiffy pop, from favorite snacks to healthy choices, the new conagra foods is behind some of the biggest brands, 100 years young. can it offer up a hot meal and hot stock on a not so hot day? stick with cramer. 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 ss something

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on another day where the market just got hammered, you

know what held up surprisingly well the retail oriented real estate investment trust the retail reits, among some of the worst underperformers for most of the past year. they weathered this decline quite well in fact, this group has been bouncing surprisingly hard since the bottom in mid-february why i feel compelled to come out here tonight and tell you that you got to buy -- no, that you should not be misled by this rally. you get all kinds of weird gyrations in any given market. you need to be able to tell the difference between a sustainable rally and brief bounce on the way down it is not the kind of stocks you want to own in this environment. you need to use anystrength, even relative strength like you get at this particular opportunity tostart selling them the reason, it all comes down to interest rates regular viewers know i've been adamant you shouldn't stress too much about whether the ten year treasury is yielding 2.8% or

2.9% or 3% but at the end of the day, there is a whole cohort of dividend stocks that are basically bond market equivalents people own them for their income when bonds start to become more attractive, these stocks, got to think the utilities, higher yielding consumer package plays, the partnerships and real estate investment trusts, they tend to get punished you need to care about the general trajectory of bonds and that trajectory is straightforward. long-term interest rates must head higher, must. because we have got a booming economy. see the employment weekly numbers today. short-term rates are going up as the fed gradually tightens three or four times this year. as that process unfolds, the reits will get blasted we have too many retail outlets in this country even with consumer spending, let's say, much better than last year at this time. that's why this group is getting hurt for over a year

that is until the last few weeks. lately the yelled on the benchmark ten year treasury is sliding lower after a big spike in the beginning of february that allowed the real estate investment trust to bounce it sure seemed like many investors have decided that these names have finally come down enough that they're attractive and i'm telling you, i think that's a mistake the retail reits have not been accessibly punished. when interest rates start to climb again, this group will fall out of favor quickly. consider the whole group you got 13 major trusts and i've talked about them a lot. when you look at how the stocks performed, they have come down dramatically from the peeks summer of 2016 that's when we started worrying about rising interest rates.

see this correlation these retail reits are down an average of 45% from the highs. while there is some variance with the worst down 67%, it is a very ugly situation on the whole. special in a market rallied so hard over the same period. now, open the past few weeks, the whole group bounced, up an average of 10.2% which is why i'm picking tonight to talk about it i don't want to just sell at the bottom i wanted to wait for a bounce. some bounced harder than others. to a monster 23.5% gain for washington prime, the general trend is that the worst performing of these reits had the biggest rebounds but even the best run shopping center reits, i'm here speaking federal realty and tanger are tough to own i have long been champion of both it is not just that these are broken stocks, hurt by long-term resurgence in interest rates, also potentially broken companies, the best houses in a really bad neighborhood. the problem, you need to deal

with the long-term decline of the mall and shopping center last summer, credit suisse published a report arguing that 20 to 25% of american malls will indeed close within five years that's stagnant number even if they're being excessively bearish, even only 10%, that's a huge number that will do a ton of damage to the industry you know the culprit, the rise of online shopping it is far too easy to buy off the web and traditional bricks and mortar retailers have figured out to sell things profitably online. you would think the number of malls would have gone into decline since the dotcom year or rise of the iphone, but you would be mistaken. we have been actually building more and more again each year. and that's in part because of municipalities love to offer all kinds of generous incentives to bring in business, even as individual retailers have been making pretty big comebacks, most of them are still closing down lots of underperforming stores and there have been plenty of -- we're in short we're overstored in america. this is not a good business to be in. if you insist on owning a real

estate investment trust, we have alternatives i would avoid the retail reits, go with industrial reits, data center reits, those are growth areas. they been strong fundamentally and might be able to swim against the tide of higher interest rates because such great growth the mall and shopping center ones, i have to tell you, this little bounce could chance to lighten up i can hear someone argue, as these retail reits see their stocks go lower, don't their yields go higher at some point, won't they be too attracted to ignore. they have a lot of -- very little vacancies that's the crux of the issue with the decline of brick and mortar shopping, what happens to the retail real estate investment trusts? the stocks get obliterated that's what. i'm not saying that the retail reits will have to cut their payouts. for that to happen, we need to see one of two things. they have to start being unable to fill their vacancies and still do a pretty good job of filling them or start charging

lower rents. right now most of the reits are doing fine it is the future that people are worried about. and unless they diversify away from retail, something the federal realties has been doing, these stocks will remain pariahs. what does the future look like for retail oriented real estate investment trust let me read you a passage from a e-mail from howard schultz, founder of starbucks, shared with me this weekend and i quote, over the last few weeks, i've been in a number of u.s. cities and observed firsthand the abundance of empty storefronts across the country in prime a-1 locations this is only the beginning of a seismic fallout of store closures, end quote. ouch schultz continues, we are at a major inflexion point as landlords will be forced sooner than later to permanently lower rent rates to adjust to the new normal as a result of the acute shift in consumer behavior away from traditional bricks and

mortar retailing to e-commerce schultz notes in this devastating memo, quote, trust me, rents are coming down. wow. i thought -- this is unbelievable remember, he called, he called the top in general mall traffic he did howard schultz did he is absolutely thrilled by the way that this is happening he expected to permanently lower the cost of doing business for starbucks. it would be a positive but what is good news for a major nationwide chain is horrible for the reits that own these properties as the drip, drip, drip of bad news continues, i expect we'll start hearing more and more chatter about potential dividend cuts down the line could the shopping center reits be broken up, liquidated, taken private if their stocks get too low? i don't see a good way to do this these companies truly believe their stocks were too cheap, they would be trying to take themselves private left and right, right now it is hard to imagine who would

be a buyer for these companies or even underlying real estate hears the bottom line. don't let the recent strength fake you out i did this piece waiting for a 10% bounce and we're getting it. this is a very risky group to own. it is interest rates start climbing again, these stocks will go right back down. maybe this is a chance to lighten up remember, we don't like reaching for stocks with super high yields in cramerica. because they're often a sign that the underlying dividends may turn out to be a very risky in the future. much more "mad money" after another wild day in wall street, i'm opening up the phone lines to hear from you are we going to work this out? what do we do when it was down 9% did we run and hide? we came here and talked. what's ahead for conagra i'm sitting down with the ceo to see if he can set the table for success. and the one company that can wow even on a tough day, i'll reveal the name, because the stock roared just ahead.

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holiday inn express. be the readiest. market really took a hit today. but, remember, this sell-off just like the others, one just last month, is not the end of the world. you should never invest as if they were. as always, we'll get through this together. i'm here to help you navigate the markets, spot some opportunities wherever they might be once again, what we're going to do on a down day, open up the phone line and hear from you, the voices of cramerica, give you direction into today's sell-off strategy session and, of course, the panic that often accompanies a couple of ugly days let's go to john in california john >> caller: boo-yah, jim, from out here in sacramento

we love you out here. >> always love your calls. what's going on? >> caller: through watching your show, helping the ordinary guy like many, i've gotten involved with u.s. concrete and cba on the infrastructure play. my question to jim, i got berkshire bee and i buy stuff and hold it. how do you think warren will hold up with this turmoil in washington and how do you think berkshire bee will do? >> it is funny, i was putting together my initial thought for tonight was to come up with a buy list just say, okay, look, if these come down, but i went a different direction, wanted to do a little macro. at the top of the list was berkshire. after listening to warren on monday, mr. buffett on monday, it is so clear to me he's not involved with the day to day and this tariff is a day to day issue. that's one i would actually look to buy all right. let's go to john in new york, please john >> caller: boo-yah, jim. >> boo-yah, john. >> caller: i understand you're not doing the segment today, but

i was wondering if it was okay to do an -- am i diversified >> of course we felt like i want to be responsive to our viewers and i thought it was on point to be able to open it up to questions, but this certainly fits the depiction. how can i help >> caller: okay, well, the stocks i have are the death star that is amazon. >> okay. >> caller: okay. don't trade, but hold apple. >> okay. >> caller: the cadillac of aerospace, which is boeing >> right >> caller: let's have some fun with cedar fair. >> okay. >> caller: i can't come up with anything for netflix and then just wondering if you see if there is anything wrong with the stocks in light of today's action.

>> thank you for this. thank you for your confidence. my travel trust has been buying amazon this is a great opportunity to buy it unaffected by this, i believe. apple, yes, that's the first one people will sell because apple does big business in china i say wait a few days, let all the traders flip out, we'll take -- start buying again for those that aren't in it. what was the other obvious one boeing is such a huge business in china i'm not that scared because they need boeing more than we honestly, they need boeing more than we do because of the growing population netflix, what can i say? netflix is a problematic stock it has gone up a great deal. it can certainly come down it is not necessarily inexpensive, obviously what was the last one? >> caller: cedar fair. >> of course i wrote down fun i'm thinking, what did i write down fun for that happens to be the symbol. having some fun out here cedar fair is fine some people are worried about the quarter.

these guys are great operators to dale in ohio. dale >> caller: hi, jim thank you for taking my call. >> sure. >> caller: i've been buying and selling exact sciences ever since i saw their ads on your show in 2016, innovative product, the stock had an amazing year and i've been buying on most of the dips but it hit a high in november in the 60s, about 59, and now taken 25 after today, almost a 30% dip. is today just another buying opportunity? what do you think? >> dale, look, nothing personally exact this group has become very, very hard to own. i like your trading style. if it is working for you but for me, it is too hard right now. that group is too hard we'll have stocks coming down like a boeing off this news flow i would rather be in that and own it rather than trade around exas it is just frankly gotten too hard to do that with the drug stocks one more

can we tamar shake marshall in t >> caller: how are you >> i'm going up there this weekend. i heard it is going to get 20 inches what is happening. >> caller: we got spring-like weather up here. >> all right, i don't know anything can change. just like this market. what's going on? >> caller: my question as it relates to biopharmaceutical companies celgene, you said you would buy celgene at $100 a share, it sold out to below $88 a share after the fda rejected its application for a multiple sclerosis drug is this -- >> marshall, when the facts change, i had been a champion of receptos and this was a major set back for celgene, no doubt about it i thought that the -- i was hopeful for ms sufferers that they had something

now it looks less hopeful. it is a good company but you know what, the group's hard enough. i would rather go with the one that has no problem whatsoever and that's not one of them thank you, cramerica keep your questions coming you know we're interactive and we know we get through this together much more "mad money." i'm sitting down and talking about -- the ceo of conagra. see how this 100-year-old company is doing salesforce reported yesterday. it is a down day i come with the tale of pleasure, happiness and profit that's right salesforce all your calls rapid fire the lightning round. so stick with cramer i'm opening up the lines to hear from you, the voices of cramerica because it is an uncertain time i want to talk to you. >> mr. cramer, i just wanted to tell you, you are absolutely, positively fantastic >> thank you for helping us not panic in times like this the average investor, which we

all know and love, you cater to us and we appreciate that. >> i am not going anywhere you shouldn't either we will get through this together >> cramer has your back. call 1-800-743-cnbc and let's take on the market together. >> we're going to figure this out. we'll puzzle it over and make it so we're all smarter

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i got an idea. let's look at a stock that helped us do well in today's on slaught, i'm talking about conagra. i've been a fan of this company for a while now. you may know them as chef boyardee, pam, slim jims, all right, all right a host of other brands including a bunch of natural and organic ones they recently acquired that are on my kitchen table. for a long time, conagra, the company has been turning itself around, doing everything it can to become more efficient and embrace the millennials taking over the world its last quarter was excellent, presentation at the big consumer analyst group of new york conference last week painted a compelling picture of a company transforming itself on the fly really conagra got slammed with everything else during the big market wide sell-off earlier

this month it didn't get it today let's talk with sean connolly, the ceo and president of cona a conagra, get a better sense of how his company is doing, where it is headed welcome to "mad money. good to see you. have a seat. thank you. it has been a three-year journey in the time that you have taken this company over, it is most serious reinvention. i want you to trace it for our viewers because it is monumental. >> i got there, i said let's no waste a good crisis. we were a global conglomerate. we became a branded pure play, one of the first decisions we made was exiting the large private brands business and we acquired, that didn't go well. i'm glad we did. >> that was a meeting that had been a tough business for you. >> tough business. consuming all of our intellectual capital we're focused, trying to be a lean company and innovative company. can't be one or the other. got to be both and as you can see, we have done a lot of innovation in the last year, particularly in frozen,

snacking has come in we're gaining traction. >> you have brands we find in natural organic stores, brands that people would never think were part of a 100-year-old company. >> we have 55 brands, a house of brands, not a branded house. we have natural and organic. those natural and organic attributes are things we're working into all of our businesses, frozen and snacking. >> you mentioned something that a lot of people don't realize, the younger consumer likes frozen people don't think they go down that aisle. >> the first generation making less money than their parents. we have to give thmem a super convenient solution but they're very picky we have taken a dusty old frozen business, infused it with modern attributes and got it go grohhing again driven by millennials? >> i want to talk about something you get that a lot of people don't sustainability packaging itself.

i've seen changes in your stuff in the stores. >> it is simple. young consumers don't want to put plastic in the microwave they like microwave. but we have plant-based bowls, recyclable, go in the microwave, comes out, looks good, our consumers love it and buying more of it that's fueling our growth so far. >> there are people who think you have dead brands one thing growing up, we had banquet on the table, i thought that was dead and buried,s th t' not the case. >> for years it was at a dollar. we liberated it from the dollar price point, put quality back in the food, upgraded the packaging and guess what, banquet is growing again. it is a big business, appeals to 50 million households. >> 50 million. i remember when you came out with healthy choice and it was modern and cool and it languished and i thought it was old. you got a nook for that too. >> all about heart health. that's a small demographic today. we broadened it to active lifestyle. that is up 16%

we have a new innovation called power bowls. younger consumers love it and that's what's driving the growth. >> acquisition, one working. talk about it. >> we made a number of acquisitions, smaller, more modernizing. angie's boom chica pop is the single best ready to eat popcorn in the market. all about connecting with consumers on an emotional level. doesn't help that it tastes fantastic. >> value over volume for millennials, everybody in this time. >> that's about unwinding bad legacy practices our company had. >> you admit, if it wasn't your company that did it, 97 years before you. >> back decades. >> tell me >> pushing products to ad consumers and trying to motivate them to buy it on low price points question had to pull back on promotion, update and modernize all of our products across all of our key consumer segments with 55 brands, a significant

undertaking. now in the third year of the transformation, we have real traction we have things like marie callender delights coming out. some people in the house want comfort with a healthy twist we call that comfort with a conscience. >> i thought there couldn't be any more permeatations of this kind of food, slim jims. i thought they weren't popular i was wrong, wasn't i? >> funny things happen when you pay attention to the consumer. the classic slim jim consumer changes their taste when they get to about 17, 18 years old. they want something more sophisticated. we have slim jim premium products and then as they get to 30, we have another product, duke's shorty sau y sauceage y n free product. >> last question today, trade on everybody's mind, is china going to shut you out? would it mean anything how about corporate taxs

is that good for your bottom line >> breaking news on the trade piece. we import some steel it is not a big deal for us. let's see how the dust settles there before we get too far into that taxes, we'll benefit $120 million a year. >> found money. >> you got to balance capital allocation philosophy, we'll continue have that, invest back in the business. m & a is on our agenda as well. >> the kind of stock people should be warming up to if they have a nervous stomach i got to tell you, don't bring this anymore to our shop everyone knows that i went through a full bag i'm trying so hard, it is so darn good. that's sean connolly, president and ceo of conagra brands, you know we like this one very much. "mad money" back after the break. directv gives you more for your thing.

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light thing round sponsored by td ameritrade >> it is time for the lightning round. are you ready? i'll start with robert in utah robert

>> hey, jim, long time investor. oled. >> yeah, i mean, you feel there is not enough oled being used in the new devices. we have to wait to see if that's the case to charles in rhode island charles? >> hello, cramer >> yo. >> i'm calling to find out about cit group. >> we got financials that are so unbelievably good like jpmorgan, why are we reaching for that one? it is okay we need to go with the big guns to jack in ohio. jack >> thank you for taking my call, jim. >> you're quite welcome. >> with the market pulling back, maybe now is a good time to pick up some one oaks. >> i cooled on the fossil fuel stocks whole new generation of investors are saying no to them. 5.4% yield is not enough to attract. wally in arizona wally? >> thank you for everything you do for us. >> quite welcome.

>> so, jim, i bought albert moore a year ago for about two months rode it up and now back down. >> it is off the lithium rose. why is that? the largest producer in chile is overproducing. to nick in florida nick >> yes, jim. how you doing? >> all right, how are you? >> all right everything's all right so far. >> okay. >> esrx. >> the analysts never stop loving esrx. i don't care for it. why not look at abbott labs. they make stock. conner in new jersey conner >> boo-yah, jim. >> boo-yah. >> long time listener, third time caller. plus member. >> thank you >> what level would you buy dollar national bank at? >> we talked about it in the club we felt it is too small to be able to own it i think here is a great level to buy. to jim in florida.

jim? >> jim, thanks so much for taking my call. >> quite welcome. >> i took your advice some time ago on square. sq and i had a fabulous run. >> the advice -- the fabulous sarah fryer told me this was a good one, around 1215. i was a downer i'm sticking with square to rob in alabama. rob? >> hey, jim. long time fan, really appreciate what you do. >> thank you same >> this is caught up in the whole agriculture. i'll say this, it has come down enough i'll say it is okay to own. chris in connecticut. >> what's going on >> i don't know, you tell me. >> i need your thoughts on mtw. >> it has come down almost 30% this is a decent level to start

buying marilyn in indiana. >> hoosier boo-yah to you. >> all right, i'll take it don't take nick foles from us. what's going on? >> i would like to ask about radius help. you mentioned it some time ago. >> experimental, had them on a bunch of times we got stocks like crystal myers down so much i would rather be in that one. and that is the end of the lightning round. >> the lightning round, sponsored by td ameritrade i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. 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. step-by-step options trading support from td ameritrade

when you have a stock that bucks the negative trend and goes up gigantically despite the horrible take like salesforce.com did today, you have to ask, how did they do it? was it simply the quarter? was it the execution, the environment, the products? maybe the moment itself? everyone on the salesforce conference call struggled with this exact issue last night. i never heard anything like it and i've been to more conference calls than anyone else alive i wish i were kidding when i say that like the story of the blind man and the elephant the analysts can feel each individual part but can't get their heads around the totality of it all. there were a ton of impressive parts. my favorite was the 48% of growth of undeferred revenue i know that's the best predictor of sales going forward

i parsed every quarter for a decade now, i try to approach things methodically, call it the craft. let's look at what the analysts are modeling, what they really think is going to happen who is a straight shooter of extrapolation, who is helping to do underpromise and overdeliver? some data gets spun in positive or negative ways when the numbers come out, you compare them line by line over what people are looking for. that's better, not bad that looks good. and someone or that's how it goes, say 99% of the time. but that was not the case here it was like looking at the quarter you expected from sales force maybe a year from now, maybe two years from now and i struggled to remember when i've soon a company, not just a cloud company, not just an enterprise software company, grow like this a large company. i've only see really super small companies do this. then i couldn't find any the last couple of years analysts were out. it was an amazing display, some

dropping their guard and offering out and out adulation you got to go listen how did sales force do it? vast swaths of the world are still in the early stages of digitization companies are taking their cash and giving it to ceo marc benioff and company and saying will you please help us find out what our customers really want from us? we trust you second, companies are bursting with cash. especially here in america thanks to tax reform and in europe from the economic recovery these companies don't know how to marry artificial intelligence with their own data. sales force does they don't know how to keep the customers as happy as the other guy without salesforce and they know they won't be betrayed because the culture has no room for that benioff likes to use the term ohana. he run his company with a team that believes. there is something bigger going on out there he doesn't love authenticity, he is authentic

why does this skwrb squishy cull stuff matter in a moment where, for example, the financials can focus on innovation, and not just regulation, they need someone to help them but banks trust no one. they won't let outsiders in. the financials are secret. sometimes they rarely put their customers first. salesforce is teaching companies they got to be better at what they do, make it clear that the executives need to trust someone so they trust salesforce to do the job. sure we got a great environment, business is the best it has been for salesforce and for tech in ages but because of what benioff calls the fourth industrial revolution digitization allowed for personization which the customer at a ridiculous level gets to have and sales force is the pioneer of connecting these companies with these people. the ceos who come to salesforce for help, they know it they want to be part of the

ohana. my daughter lived in hawaii for a while. it didn't mean family. it meant the yearning enjoy that comes from being in the heart of the community. maybe that's way too ethereal for you, maybe too sentimental, maybe the reality is that salesforce is the right company in the right place at the right time but in a cynical, unsympathetic and realistic moment, i think it is a nice idea ohana per share, i like that stick with cramer. nothing compares to the real thing. experience the command performance sales event for yourself, now through april 2. experience amazing at your lexus dealer.

whilnothing comparesnary modeto the real thing.d... experience the command performance sales event for yourself, now through april 2. experience amazing at your lexus dealer. moments like this, worth having a copy on your desk left me tell you something, we have been in a trade war for year, but we never fought back maybe it is okay if you start selling right now, be my guest. it is not my case. bull market somewhere, i promise i'll find it for you right here on "mad money. i'm jim cramer 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." ♪ who set out to solve a problem she faced as a mom. ♪ hi. i'm ginelle. i am the owner of cool wazoo. i'm here seeking $65,000 in exchange for 25% equity in my company. when my daughter was younger,