in the afterhours. so there's the frown on pete bye, pete, thanks. >> the island version of "unbreak my heart. european financials, you get them at ufn. i keeerm li the stock. >> i wm,ed >> "mad money" starts right now. 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 i'm just trying to make you some money. my job is to educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer f you think this was a boring session where nothing much happened, think again. something big happened today the right stocks finally

rallied. even if it didn't reverberate that much through the averages, in a totally blissful way, the dow gaining 94 points, s&p advancing .45%, nasdaq .2%, for first time in weeks this market had good breadth, meaning lots of different leaders in lots of different sectors. the breadth plus the flexibility that president trump offered our allies to get out from under the steel and aluminum tariffs he announced today allow the dow to rally 200 points from its lows strong showing given how wall street was initially rocked by the tariff news. collaboration with our allies, carveouts for canada and mexico, this is what we have been calling for on "mad money" and it is what we got, allowing for broad-based move with some new key leadership what do i mean when i say the right stocks rallied rather than just telling you this group or that group, like some sort of sector etf fella, let me explain what happened here and show you why it was exactly what the bulls were

hoping for. >> house of pleasure >> first, we have been desperate for mergers. desperate. we had this one battle, tweet, qualcomm and broadcom, $110 billion attempt to take over the biggest cell phone intellectual property company on earth, largest tech deal ever if it gets done, but that's pretty much it. it has become a endless claymation death match that drags on and on. today, though, we got another huge deal, a massive $67 billion transaction. cigna is buying express scripts. and it did ignite the whole health care sector cigna's own stock, it just got obliterated. >> house of pain >> and not just the way you would normally expect when the arbitrage guys start betting against anacquirer that is paying cash and stock. no, it finished the day down more than 11%, shocking, actually, as the sellers start the company that paid too much or express scripts won't make

them enough money. well this is something cigna vociferously disagreed with when they came on "squawk on the street" this morning i think it is positive i think cigna stock as of today -- >> buy, buy, buy. >> you got it. the deal is good for the entire stock market the analyst who covered this business had a low opinion of express scripts. it had just lost a key client, anthem, which represented 30% of its sales. cigna is one of the best smartest players the entire industry and they still decided it was still worth a great deal more money than it was trading for. in other words, wall street may think that the stock of express scripts was over valued coming into today's session, but cigna believed it was undervalued. you know why i'll take cigna's judgment over wall street's any day of the week this kind of thing reverberates. we need a modified and takeover from a real company, it makes you feel like the market has legitimate underpinnings like the valuations aren't crazy and

some businesses aren't worth more than the stocks are selling for. that's positive. regardless of gary cohen's exit from the white house and the impact of the tariffs or the yield on the ten year treasury spikes to 3% that's something that could happen tomorrow if we get a red hot labor department employment number and i am not ruling it out. the secondary development today, the drug stocks rallied for once this group has been horrendous. >> the house of pain >> and that's bad for the overall market as pharmacy is a huge industry that is a source of comfort for many investors. even better, the surge was led by johnson & johnson, which has been a surprising laggard, surprising because it is one of the best there is. j & j ceo has done a terrific job running the company, good balance sheet, best of all companies, yeah, all of them, the whole s&p 500 and firing on all cylinders. it is unnerving that the stock sells for over 15 times extra

earnings estimates despite the 2.5% yield it is big overseas exposure and benefits from a weaker dollar and fantastic pimmlipeline of n drugs. if the stock is the best and it is cheap, and it is, $3 gain today, then something is indeed wrong with this market it should be expensive so its rally was a sign maybe there is some rationale they're returning to the market. more important, the leadership ignited the whole pharma cohort making bulls feel like we have another industry out there besides tech remember, for a while now the consensus was we lost pharma, then out of favor for good, maybe because the drug business tends to suffer in times of inflation, the value at these companies is all about the future drug sales. so when inflation rose to purchasing power of those future dollars, the group becomes less attracted to investors if that is supply, that is what you -- what i was taught, one of the first things i was taught, and it is true that means drug stocks could get slammed, again, if we get that overheated number tomorrow i'm

concerned about. but this rally is all more remarkable as buyers take that kind of risk ahead of what could be a bad day for the group of course, wage inflation turns out to be tame you know what, i mean, i will tell you -- >> all aboard! >> you know what else made me feel sanguine today? the best of the consumer package stocks finally managed to catch bids holy cow that hasn't happened in a long time it was terrific to see pepsico shareholders finally get rewarded for that amazing quarter with the gain worth 2 bucks. that's like the most sustained rally we had in any other market, these last two items, strength of pharma and consumer package good place would be bad these are defensive groups that go higher when the economy slows down but that doesn't worry me here why? because at the same time the industrials bounce back nicely and that's a very good sign. wall street had been fretting about the industrials ever since we learned about president trump's new tariffs, 10%, not

only are the industrials big consumers of the metals, they're natural targets for retaliation if our trading partners decide to strike back but when you see excellent industrials like parker han fin, caterpillar, it suggests this formerly beloved sector could be returning to the old leadership mode i also like the move in the casinos. particularly mgm and wynn, it is all about the fundamentals and the fundamentals in the cow. yes, the chinese gambling haven. it was strong year over year for the chinese new year, and macau, not las vegas, is the most important city in the world for casino stocks. i wouldn't say this for the fundamentals weren't good, i think wynn might be acquired by another casino company now that steve wynn stopped down from his operating role in the wake of the admittedly disturbing sexual misconduct allegations wynn resources is a formal company, but because of mr. wynn's behavior, the stock is more than 20 points off its highs. i think it is a natural takeover target for las vegas sands or

mgm. it doesn't rally 10 bucks in one session for nothing. we even got a rally, oh, my god, talk about broad-based, airline stocks the airlines, something that hasn't happened for ages what ignited it, not the bad weather causing flights to be canceled right and left. traffic in february was up 3.5%, capacity increased by 1% we have been worried that the airlines would add too many new planes and get up to another ruinous price war like we're used to from this industry that's the story of what's happened so anytime we see the potential for boost in revenues without lots of new planes coming on, well, i got to tell you, that's nirvana. the strength here helped give the transports a needed boost, which is heartening, especially at a time when housing and the automakers, more on those later, are behaving particularly poorly i'm partial to southwest air, the whole airline group has gotten very cheap. even warren buffett endorsed the group not long ago, somewhat

jokingly maybe he would buy one. he bought a railroad of course, not everything is held up. after spectacular morning, many tech stocks pretty much rolled over with a couple of cloud-based exceptions, amazon and alphabet and apple, the three as who would have thunk it. that was bouncing back from yesterday's decline. tech is hot lately it deserved a break. you wanted to take a break because you cannot have what is known as a parabollic move in any one group. here is the bottom line this market's breadth has been so bad lately that it needed listerine and scope by the barrel. today, we got new winners which were sorely needed a in the a not so hot employment number tomorrow, we put the tech talk behind us and now a real rally that so few expect, and so many, so many would find it, let's just say, something to cheer about. i want to go to michael in arizona. michael. >> hey, jim. i bought weight watchers at 61

and drop at 58 and now back up what do you think about that what should i do >> i'm not a fan i think the stock has moved too much 42% gain for that stock. i say ka-ching, ka-ching even if you don't have a profit, i don't want anybody to get hurt patrick in massachusetts patrick. patrick, in massachusetts, patrick. >> boo-yah from boston, jim. thanks for your time. >> all right, i like what tom brady did today to help cure cancer that was fantastic and he's a good guy. >> got some great guys on the pats, always looking out for massachusetts. >> they sure are what's up? >> i have kss in my portfolio, strong fourth quarter and continuing to integrate with the death star but lately the stock has been acting kind of funny and i wonder what you think about it >> i think it is a great question here's what happened the stock zoomed it is now marking time taking some profits. it still yields 4%

what that says to me is -- >> buy, buy, buy, buy, buy >> pulse is right here thank the market gods today. we got new winners the right winners. and it was sorely needed i'm sitting down with the ceo of ford to find out how the market of the maker of the air stream could be impacted by trump's tariffs and why the stock reversed it. then auto companies on both sides of the atlantic are pushing back on trump's trade talk what does it mean for stocks in the operating space? are they cheap i'm investigating. and it seemed the white house was set on improving our infrastructure with priorities shifting, how could it impact plays in the space? i'm sitting down with the ceo of martin marietta, the big one, to find out so 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 miss something head to madmoney.cnbc.com.

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okay what the heck is going on with the stock of ford industries, the world's number one maker of recreational vehicle and motor homes. the stock was in the 150s, up three fold from where it was trading from the beginning of 2016 thanks to the big sell-off, it has been slammed down today. that standard, winners tend to get hit hard when people panic what doesn't make you concerned here more than usual is that last night thor reported another fabulous quarter 11 cent earnings beat off 181 basis, higher sales up 20% tons of praise from the analyst community, the stock went down today, falling 1.65% you can say this is just profit taking, but when you deliver a good quarter and your stock goes down, i got to check it out. have to wonder whether something else is going on why is it behaving like this to clear things up, let's check in with bob martin, the president of thor industries welcome back to "mad money." good to see you, sir have a seat. thank you. great to see you in person.

>> thank you great to be here. >> people have to understand that you do a warts and all q&a of yourself. and what you did was you talked about an outlook and first thing you said is tight labor market, inflationary price increases, raw materials, tougher compares in the second half of fiscal 2018, you kind of killed your stock with your own comments fair trade-off between, like, 50 pages of good? >> the second half of the year is typically our tougher half, if you remember last year, when i was on, the same quarter, we don't run quarter to quarter, we run for the year, for the long-term. with some of that commentary it is real that it is just going to be a little bit tougher. so we want to be honest with everybody and get that out there. >> are you hurt by what the president did today with tariffs? >> for us, we tried to analyze what it is we don't buy much raw steel,

some are aluminum, most of it comes domestdomestically, so itl be minimal for us. i watched it in the green room, the changes they made, it looks like they're softer. so we see a minimal effect >> i have a theory i'm doing work on where is the tightest labor market in the country. indiana. and northern indiana and that's where you assemble. is that just luck of the draw? >> it is where the rv industry was born it was born from manufacturer housing, recreational vehicle companies, and all of our vendors, most are structured right there in northern indiana. so we get a great freight rate and we get just in time delivery so for us we open a plant that makes sense to be close to there. we have started spreading out into other areas of the county and into la grange county and we're also expanding in idaho and also we announced a major expansion for the iconic air stream in jackson center, ohio,

where labor is definitely nowhere near what we have in indiana. >> okay, good. i'm glad you said that i hate to think you're totally hostage. you're not let's talk about the good stuff. let's talk about gen x and millennials. very few people figured them out. you have bought and bought really great properties that clearly they appeal to and that group is gigantic, right >> it is we see gen x, gen y millennials, they're bigger than boomers. for us as a company, we're starting to talk to them you look at the rv industry, the go rv'ing campaign, our own internal advertising campaign, we're gearing it to that younger buyer and it really resonates on what we're building. small travel trailers, small motor homes, very affordable for younger folks and so, you know, rv'ing is all about the experience. >> i'm glad you mentioned it i think people are thinking, harley slowed down because they have got that kind of millennial -- nonmillennial,

nonmillennial, they got baby boom, and so therefore thor must be but the makeup of what -- who is buying is the exact opposite >> yeah. you know we're getting younger people, we're getting younger families, i think for us it is because we appeal not just to dad or mom and dad, but we appeal to the entire family and they can go out and enjoy their rv, it can be ten miles away, a thousand miles away, they can use it five, six times a year, still a very affordable way to go camp and to have a vacation and it can be different every weekend. and, you know, you said it, it is all about inextstagramable experience. >> my daughter is a camper she taught me this what you do also, the higher level that you get these -- that she says -- i'm assuming kind of anecdotal, but the nicer the campgrounds are, even better, right? >> yes and there is a nice movement of campgrounds, private campgrounds that are upgrading, not just

wi-fi, but adding, you know, amphitheaters, trying to cater to the younger crowd so i'm part of a group r-back part of their business forum, i learn more about that. i'm excited to know they are upgrading because the younger buyer, they want things a little bit differently. they want it to be, you know, easy >> but you know, look, if you hadn't put in the lines, i think the stock was up very big until people saw what you had to say because you are self-effacing and you're honest, but the good guys win thor is a good stock bob martin thor industries president and ceo. we had this going all the way. we're not getting off this one "mad money" is back after the break.

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as much as i like this economy, as much as i believe it can't be derailed by the president's new trade policy,

the truth is it is some very important industries are in really rough shape consider the automakers. these stocks have been stinking up the joint and for good reason last thursday we got some hideous february sales figures from ford, gm and fiat chrysler, all which experienced year over year declines last month, including at least 7% for ford and gm that wasn't enough, a few hours later, president trump announced a 25% tariff on steel and 25% on aluminum that he put in place today. and while i generally think this is not a big deal, well, the au automakers are some of the biggest consumers to the metals and it hurts the bottom line sales are declining and costs are going up that's not a great formula for success. no wonder the stock got obliterated in response. since then, they have become total dogs only fiat chrysler bounced back and the strength there is merely because of a report that it is playing the unlock value by spinning off an auto parts

business they deserve to be down in the dumps. this is just the latest leg of a much longer decline for the group, and i think the automakers are looking a lot less attractive than six months ago. the reason, you know what, frankly it is not any one -- there is a bunch of them first of all, we need to reckon with the thesis especially since the sales decline last month this is something worrying about, fretting for a long time. it seems to be playing out in 2018 this would have been the story, except that late last summer we got two huge hurricanes, harvey and irma, that wrecked half a million vehicles and the insurance payments in those cars gave the industry a second wind. even with the boost from the storms, total auto sales in 2017 were down nearly 1.8% from the year before. so you can argue the peak has already arrived. when you look at the january and february sales numbers, it is clear that without the boost from these insurance payments, business is not so hot for the

automakers gm saw an increase of 1% in january, it got hit with an ugly 6.9% decline last month. ouch this point was hammered home yesterday when the federal reserve's beige book, that's something they release once a month, an amalgamation of anecdotal info of economic conditions, based on survey from the 12 regional fed branches, it had bad news for the auto industry here is the second sentence from yesterday's latest addition. consumer spending was mixed, nonauto retail sales increased in half the districts, while auto sales declined or were flat in every district. in short, domestic auto sales have peaked. question is, why how come the automakers are struggling when the rest of the economy is in great shape. higher interest rate, part of the problem. they take a back seat to what i discovered and i think is the

main issue what is the real problem it is a big one. ride sharing we're experiencing a secular shift in the way we get transportation, thanks to uber, lift, owning a vehicle has become far less essential for americans, particularly for people who live in and around cities and don't need to drive every day. obviously if you have uber pick you up and drop you off, why would you shell out thousands of dollars for your own car, especially in places you also have to pay for parking. how about insurance? it is all bad news no wonder so many millennials don't bother learning how to drive. the day that i was allowed to drive, man, i was down there getting a license. boy, that doesn't happen anymore. this is a permanent change in consumer behavior. if anything, it is only going to get worse once autonomous driving technology gets rolled out en masse as that makes ride sharing even cheaper mass market autonomous driving will be here much sooner than

you think. i'm talki ing about a few years from now as much as they try to partner with the ride sharing services, spend a fortune doing so, in the end, anything that makes people less likely to buy a car is plain old bad news for the industry and it abounds. now, there are still cyclical forces here too, not all secular. they aren't helping. while interest rates are till pretty darn low in absolute terms, they have come up relative to where they were. less than two years ago, the yield was under 2% now at 2.86%, threatening to go 3% that may not sound like much with short-term and long-term rates rising, it is more difficult and more expensive for consumers to get financing when they buy a car these are two separate issues. it is harder to get an auto loan and it is more expensive if you remember last year, everyone was freaking out about subprime loans, how banks just give anybody money willie niwily and it was going to turn into

the next financial crisis, the banks took those concerns seriously. they read the papers too they raised the lending standards. average credit scores on average car loans rose to a six-year high during the fourth quarter of last year score one for responsible lending, i guess, but the flip side of this is that if you're a suboptimal buyer, subprime, it is much harder to buy a car. no wonder auto sales are down. the other issue is that -- is that as interest rates rise, even if you're eligible for auto loan, you might not be able to afford it. car loan rates hit their highest level, get this, in eight years, which is exactly what you expect with rates on the rise we're talking a little over 5% interest on average, but when ow get more than 3% a few years go, it is a big deal, people i like to put it all together. ride sharing means owning a car is no longer a necessity is it cheaper to own or use uber more stringent lending

standards, higher rates shift the equation they make owning a car less attractive take that. oil prices are on the rise again. for years owning a car is pretty darn cheap because the price at the pump is so low gasoline isn't that cheap anymore. and if it -- if it weren't enough now we got tariffs to worry about. the steel tariffs hurt the automakers each car will cost a few hundred dollars more every dollar counts for these guys, plus the automakers were big exporters and if we get into a real trade war, you got to believe the companies like ford and gm will be targeted. after all, china is gm's second largest market let's throw in a new wrinkle in a couple of carca classes, we're about to be deluged. they'll soon start producing in large quantities and that gives them a cost advantage because of nafta. automakers want to do the same president trump had just been elected and was insistent they not ship jobs south of the

border the german car companies didn't comply here is the bottom line, the stocks of automakers look incredibly cheaper incredibly they're a value trap investors don't trust the earnings estimates, not with the industry seeming to have peaked in so many negatives, tariffs, higher oil prices, higher interest rates, making the group much harder to own it is only going to get worse. if there is one thing your portfolio doesn't need now, it is an automaker. debbie in ohio debbie >> hi, jim how are you? >> i'm good, debbie. how about you? >> fine. let's make some money. >> okay. i like that. i like that concept. >> i'm calling regarding progressive insurance company. ticker pgr i like the stock i like to know if you think i should buy or wait for a dip >> i want to separate this from actual auto sales. i think that this progressive is a good company you know what, i have liked these guys literally since i was

working at -- in the sales and trading department at goldman sachs. recommending this stock, i'm not backing away how about david in florida david? >> hey, big boo-yah to you from ft. lauderdale. >> good to have you. >> thank you for taking my call. >> okay. >> all right i got a question on car, should i hang on to it or -- >> i got to tell you, i've been very negative about this rental car industry i think avis distinguished itself as a winner i'm still not crazy about it but you're in the right one. that says something. all right, don't be fooled by how cheap they look. the auto stocks are just getting too hard to own. put a brake on buying these guys for now. few months ago it seemed infrastructure was all the president could talk about so far it has been all talk, no action what could it mean for a company like martin marietta i'll talk to the ceo one bourbon, one shot at the kind of bargain that doesn't happen all that often and all your calls rapid fire in

tonight's edition of the lightning round. so stick with cramer tomorrow, kick off the trading day with "squawk on the street." live from post nine at the nyse. >> everything, this story has everything, you might even want to tune in for first time ever >> not true. i watch. >> it all starts at 9:00 a.m. >> it all starts at 9:00 a.m. eastern. models can be simulated... >> it alnothing compares a.m. eastto the real thing. experience the command performance sales event for yourself, now through april 2. experience amazing at your lexus dealer.

remember when we were just coming into the new year and everyone was all fired up about tax cuts, possibly big infrastructure bill? it seemed like anything was possible, at least to many professional money managers. at the time, i told you not to get too fired up don't get your hopes up that much congress is adamantly opposed to infrastructure spending. fast-forward, the infrastructure bill is let's say warbling, the white house is focused on tariffs, guns, video games, you name it. if you think gary cohn would shepherd it back through congress, think again. this is not a great time for

stocks like martin marietta, and, look, we have liked martin marietta materials for ages, but i got to tell you, this is the kind of thing that without the big infrastructure projects for the federal government, we got to be worried. always the mistake to view the company through the prism of washington with or without a bill, martin marietta's business is booming they delivered a fantastic quarter a few weeks ago, bullish guidance, 2018, the stock is down 5 bucks from where it was i think you may, let's just say, be getting a bargain here. let's dig deeper, with howard nye. welcome back to "mad money." >> good to be here, jim, thank you. >> we got to go over this, mr. nye. we have an unbelievably good situation as you outlined in a couple of states, and at the same time, the federal government stalled is the -- are the states enough to be able to make it so you have a great year? >> you know, the states are going to be there this year.

if you look at last year, we had a great year in private, we didn't have a great year, by that, i mean the industry didn't have a great year in public. i think we're going to see a lot more in public this year state department and transportation have been hiring, they have been using more outside resources to get projects ready and out the door. we're seeing volumes up this year 4% to 6% and for us, that's a notable move >> you highlight tech stock, txdod. what is going on in texas that it is just incredibly strong >> well, number one, i'm in houston today. and we had some industry association meetings here for the last several days and what we see across texas, particularly in that golden triangle, dallas down to houston over to san antonio is an enormous amount of activity. as you indicated, tex dot indicated they intend to spend over $70 billion over the next decade improving their highways, bridges, roads and streets that matters a lot we're the largest producer of

aggregates, cement and ready mix concrete in texas and we're clearly the largest in that big golden triangle. so we believe texas dot will be very healthy this year we also believe that private work, meaning res and non-res will be good throughout texas. >> oil has come up a lot since the bottom you announce shale business is strong. >> shale business is getting much, much better. several years ago, give you a sense of it, jim, we sold about 7.5 million tons to different shale plays across the united states some of the biggest ones right here in texas. last year more like 1.4 million. so they have been way down but we did see them up nicely in the fourth quarter, we saw them up year over year. we believe a standard run for that, for our business, should be in the 3.5 to 4 million tons a year, that's almost double where it was last year we think with oil sitting where it is today, the shale activity will get much better in texas, and throughout much of the rest of the united states as well >> all right, now, you do point

out, going to say it, you said government uncertainty, labor constraints, ensuing project delays have created a bit of a head wind here please go over all three >> well, we can talk first about unemployment and look, that's the good news and the bad news when you go through different parts of the country, you see remarkably low levels of unemployment now, that's great because you do have people who are -- who have jobs, people who are moving to places like texas and colorado and north carolina and georgia and florida, which are all key states for us. at the same time, contractors and on occasion some people in the supply chain have had trouble getting workers, we believe that's easy in a number of these places, at the same time you and i mentioned before, different dots had some trouble putting work out and we're seeing that problem begin to fade, we believe, as we come into the new year as well tex dot last year, for example, when they hit the beginning of this fiscal year, hired several

hundred people to come to work for texas dot. we have seen the same types of activity in a host of other dots across the united states particularly in the southwest and southeast, which are important geographies for martin marietta. >> sounds like second half of 2018, it will start to really help >> we think we'll get that done in the first half of 2018 and it will certainly help relative to the second half. we're excited about bluegrass. it is a pure play. it was the largest pure play aggregate business privately owned in the united states and importantly in the geography where we're picking up assets, georgia, maryland, primarily, those are parts of geographies off 20%, not to peak, off 20% to midpoint relative to volumes we like that business, we like where it is. we like when we're buying it and like where we're buying it too. >> your areas do seem to be benefit, if there are tariffs

put on, dumping in steel, you're in the areas where there could be some tremendous building and restarting any feel on that >> you know, we think that will likely help some of our business there is a piece of our business that will help most particularly and that's in our specialties business we sell a big portion of our material in that actually the purification or fluxing agents in the manufacturer of steel and what we have long said is if you're looking at our specialties business, there are two things to watch. number one, where is steel, where is it producing relative to capacity, and if it is over 70%, that's going to be good for our business and what is happening with respect to energy. and we think both of those will be good for our business this year. >> this stock has just -- it is underperformed for the moment. not, i think for 2018. thank you, ward nye, the ceo of martin marietta. great to have you on the show, sir. you know, the stock has gotten too cheap. what can i say "mad money" is back after the

break. how did the markets do you heard they did fine. >> over 12 or 13 points from another historic high. >> that is your bottom line? >> volatility index, the vix, back from 10. >> want to follow something more now your watch list keeping now your watch list keeping score. who's a good boy? is him a good boy? erg...i'm just gonna go. oh, you wanna go outside? you i already went, ok?poo? in the bathroom! as long as people talk baby-talk to dogs, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance.

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"mad money" is heading back west, all next week. we'll be coming to you from one market in san francisco, pack your bags, my friends! we're doing a major tech jack and talking to some amazing ceos blown away by this list. and you will be too. and now it is time, time for the lightning round. then the lightning round is over are you ready? bill >> hi, jim thanks for taking my call. >> of course >> i'm calling about khc kind of position there about four weeks ago, i thought it was at the bottom. >> i don't know, man it is at 52-week low, yield 3.7, yet i still can't find a compelling reason to buy it. i like growth. jerry in missouri. >> thank you for taking my call. >> of course. >> a huge gain over last year, i

own a large position. >> it is huge from where it was. therefore i know that my travel trust people know this one killed me, but, you know what, down here i say it is okay larry in california. larry? >> hey, thank you, jim i want to thank you for all your help these last -- >> you're welcome. >> i had a question about dominion position in it, a little lower now. think i should -- >> i want you to buy more. let's see what the ten year treasury does tomorrow maybe picks some up. harry in florida harry. >> hey, jim. huge fan of the show thank you for having me. >> thank you >> so i'm just to give you a little context, i'm in my early 20s, giving the stock market a try for the first time and i've been looking a lot at the athleisure trend, looking at lululemon. >> i was surprised by the departure of the ceo but glen

murphy is good, i think you'll be okay. we'll wait and see who is going to run the shop. that was stunning, frankly, and sad. let's go to pragesh in california >> how are you >> how are you, man? >> very good i have a question. stitch fix, i think stitch fix can become the netflix of the clothing industry. and ten years down the line, stitch fix can cause closure of retail companies, like netflix ended blockbuster. do you agree with me >> you know what, i didn't -- i've been wrong. candidly i've been wrong i'm still not a believer i'm sorry. let's go to paul in california paul >> yes, jim, jimbo. >> yeah, yeah. >> big, huge boo-yah, yeah, yeah >> i like that thank you so much. >> thank you for all you've done for me and my family since the inception of your show >> thank you long time. what's going on? >> my question, is this the lightning round? >> yeah, sure it is. >> i didn't know i'm sorry. >> that's all right.

>> my question is on duke. >> duke i'm on the fence on. it is a gigantic offering. the group is not that strong i would rather con ed or dominion don in massachusetts don. >> hi, jim i just wanted to say that the advice you give that panicking not being an option is so true i sold a stock on negative headline news without the details of the earnings report. >> no go >> overall the report was fine i blew it. >> don't be so hard on yourself. what is the stock? >> my stock is pbyi. >> too hard. too hard very speculative, be prepared to lose some money. i'm a believer, but it is real speculation. hannah in my home state of new jersey hannah >> hi. i wanted to know your opinion on

sdm. >> i like sdm. i like intel more. and i like invidia more. sdm is a very inexpensive semi jim in illinois. jim. >> professor cramer, boo-yah. >> there you go. i didn't know i was tenured. what's going on? >> well, i -- when the home depot was in the low 180s in early march, i went and loaded up on some april 190 calls. >> whoa, man, you put the gun to your head. take the gun away from your head that's way too hard. home depot is an interest rate play and sales play. the sales are good people worry about interest rates. that's why the stock has not held up. call me. to tracy in new york tracy. >> hi, cramer. thanks for taking my call. we watch you every night. >> really, thank you >> yeah, we do what do you think of bank of america and how do you think -- >> i like bank of america. i tell club members, good, i got

a couple of others nancy in new york. nancy! >> hi, cramer. >> hi, nancy. >> i watch you almost every night. >> thank you >> and i have a question for you about a reit etr. >> i'm torn about etr. we had them on a bunch of times. they missed the quarter and they missed badly and there were real concerns about credit issues it was bad what can i say yield 7.7. it was not what i wanted let's leave it that way. reed in texas. reed >> remember the alamo! i'm back, mr. cramer, with another winner earnings story, a cash flow story. ebri. >> i don't know ebri i don't know that one. i'll have to do homework and come back to you and that is the conclusion of the lightning round! >> the lightning round is >> the lightning round is sponsored by t

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♪ you're smooth knowing the right thing to do and being able to do it are two different things you may know intellectually the best bargains are often found after a company reports a good quarter and the results get misinterpreted it is very hard to pounce on the stock that is getting clobbered right after reports because the whole senate makes you question your own judgment. take brown foreman, the liquor company you know is jack

daniels. named clearly after me and finlandia among many other brands the company announced what seemed like strong earnings. they delivered double digit growth on nearly every single brand with the exception of the giant flagship jack daniels, 5% clip they gave you higher margins, growth and premium brand where the real money is and international expansion. what is not to like? brown foreman quickly got hit with a surprising one-two punch out of nowhere the first jab was self-inflicted cfo jay monroe said growth in the u.s. was slower given the competitive marketplace. end quote. then we got the eu response to trump's new tariffs. the europeans said they might slap a tax on bourbon. nice catch 95% of all bourbon hails from kentucky, the home state of senate majority leader mitch mcconnell. these guys sure know how to send a message. i like the setup, so i'm doing

it so the stock gets slammed from 56 to 52 in a heart beat while it now bounced back to 53, it is intriguing just a reminder, jack daniels is a tennessee whiskey, technically it is not even bourbon first of all, you rarely get much of a chance to buy the stock at a discount. brown foreman has a great growth story. the company worked its way up the pricing food chain with many different smaller brands that are blossoming into larger ones. it is a terrific operator, committed to returning capital to shareholders including dollar up per share, dividend coming up next month it is the kiss of death to ever admit on a conference call there is any kind of competitive threat to any part of your business that said, you need to put the statements in context. as the ceo later explained this is something that happens because it is, quote, mathematically more difficult when you're sapped with the alternatives in the marketplace.

brown-forman gets 25% of its business from europe if they want to send a message without causing a ripple through the economy, why would you buy the stock? what have i said that makes it sound like it is something good? because we have been here before back in 2014, russia played tough with bourbon after russia's government -- their consumer watchdog, yeah, sure, the stock got dinged on the news, it was a great but short lived buying opportunity turns out the russians love their jack daniels give me a break. the eu is a much larger part of the business at the end of the day, brown foreman is a play on the rise of the middle class people in developing countries like to drink name brand western liquor, once they start making good money it is a mistake to dump the stock over a one time retaliatory blip from the eu traders who dumbed brown foreman didn't expect to hear anything

negative short-term or tariff retaliation from europe, but the long-term prospects have never been brighter. that's why i think the stock is such a bargain at 53 in fact, i can only hope the stock goes down even more. even if the eu really slaps a big import on jack daniels, i bet it will be a brief blip and if years down the road you'll wonder how you got the stock of this iconic brand so cheaply stick with cramer. you always pay

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all right, we got through the tariff tantrum and we came out pretty well because there is flexibility. and that's what people want to see. but now we have to deal with the labor number and i've got to tell you, if we go back to this almost 3%, it is going to be bad again. like i said, there is always a bull market somewhere. i promise to find it for you i'm jim cramer i'm jim cramer i will see you tomorrow!

>> welcome t 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." ♪ first into the tank are jayson sandberg and taylor gwiazdon, who believe they've made a common product that everybody has even better. hi, my name is jayson sandberg. and my name is taylor gwiazdon. we are the proud owners of liddup corporation,