red hat peace to be lower in the after hours. moat that one has a moat. >> i'm melissa lee thanks for watching. see you bam here my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. take away the big themes, you abandon the things that made us

love this market for so long and you get an unruly ugly market like we had today with the dow sinking 345 points s&p tumbling 1.73% and the nasdaq down nearly 3%. after a decent opening for most of the market, the pain among our former leaders in the nasdaq was too staggering and it ended up dragging down everything. talk about a change of pace from yesterday's staggering beautiful rally. this kind of session reminds of the old stylistic song, break up to make up when they sing first you love me, then you hate me, that's a game for fools i have to wonder if they were real real really talking about the stock

market given the losses stacked up today, it seems like a game for fools. the cause, real damage not just hyperbole, real damage. and frankly ones that have under pinned it for years. i talked about how last week's major sell offs took away some of the biggest props then the pressure began anew today and we got crushed let's start with, yeah, social media. while facebook's executives were apologetic and sorrowful, the remorse came too late. mark zuckerberg turned down an invitation to address parliament and while the ceo may address congress, we're not sure if or when and it might not be in the end,

the end of the pain. that's because as i have said before, i've said this now a dozen times, they have got to listen the apology thing that is a beginning. there will be no bottom in facebook until they appoint an outside counsel to investigate what happened here i recommend hiring ted wells both fox news and the nfl brought him in to figure out their crisis and he did and i bet you there will be a facebook no one questioned the institutions about any cover up again. and that's what's been going on. you need a similar appointment here preferably at the urging of the board's outside directors. where are they facebook is going to get pass the crisis, that's the crisis

playbook do it, facebook. congress doesn't want to just hear from facebook, they want to hear from alphabet and twitter blistering sell call on twitter. according to sit tron's editors twitter is the most loose with your data. let's insist that it is the most vulnerable of the free when he was on closing bell, kelly evans tried to pin him down on what he meant with these charges given the twitter questioned their accuracy. but that point the stock was already down less than 10% wouldn't have gone down so much if he had made the charges that a ridiculous reason it made down a lot because it

made the charges and that proved that it was as a resuvulnerable but it worked. mission acome plicomplished or h alphabet got double duty today any short selling can make the same argument about alphabet that was made about twitter. no wonder the stock fell more than 4%. alphabet is also being hurt by another loss, another big theme, the driverless car ever since the fatal car accident, this whole group has been under pressure. suspended its own testing which caused the stock to fall nearly $20. that is a real pacing for one of the best performing stocks of the era. the self-driving car is crucial

to the next leg of tech because it uses so many semiconductors we will have a chance to speak to the ceo thursday. there is no denying this accident was a huge setback. tesla go slammed today too we also got a research report saying model 3 sales could be soft that is incredible considering how long the wait for this is. i put in for one and gave up months later because i needed a new car. looks like others did too. stocks plummeted 8%. out of the industrial, when it looked like the tariff battle with china cooled, it gave up the ghost entirely you would think the trade war is back on and the chinese are

about to hit us with the import duties that they threatened us that is what today's action hints at as for apple and intel, these are the three of the biggest potential targets. the consumer package good stocks, these are stocks that do well when we are headed into a recession. interest rates fell dramatically today. of course lower rates protect the bank stocks. finance and tech make up about 43% of the s&p 500 now here is the million dollar question, was yesterday's rally an aberration? or is today's sell off some sort

of retest? in all honesty, i think this market has been down right treacherous. the best example of these are nvidia and twitter which have been strong stocks it would be natural for nvidia to suspend the driving chips until they figure out the accident with uber i think it is inevitable that there will be more fatalities from autonomous driving cars cars will always have accidents. as long as the machine does ultimately a better job than humans and yet then, ultimately, it can rally. how about twitter? the fact that it can go down because the short seller says it is vulnerable without explaining why it is vulnerable is a sign

for true what matters is whether they find their footing, for the moment tech has lost some of its most powerful themes the bottom line, really need to get used to these wild swings that sends stocks plunging after any major rally. it may be about breaking up and not making up because the whole thing feels a bit like the fool's game that the stylistics shadowed in their hit. this is certainly the situation we now find ourselves in there is always a bull market somewhere, but they are making it tough to find for more than 24 hours craig in rhode island.

>> caller: hello, jim, thank you for taking my call my stock is citigroup. your opinion of citigroup after the presidential election was positive you called it a trump stock. what is your opinion of the bank today? >> i think it is an excellent bank it sells almost at tangible book now, my travel trust trims some, because we have been trimming everything as i told club members in yesterday's call, the market is treacherous. there is too much controversy. when there is this much controversy, i trim. that's what i do it's what i have done and what i will always do ed in pennsylvania >> caller: yes, bgs is the subject matter i am a long-term investor and of course they have been dismantled

practically over the last year the question is, is the company effectively executing their growth strategy? the analyst have been negative on their success to be able to associate with their acquisition integration strategy. >> well, look, they miss the quarter. there has been some insider buying i do not like the food group i am not going to change my mind b & g is part of an overall trend. if it is in the supermarket, most people want to sell it. and i am not going to buck it by picking a stock like this when stock like g and e have so many problems i know it feels like a fool's game to get involved but we are in it to win it

and we will do it together after an ugly sell before the close, i am on the hunt of buying opportunities i wi i will tell you if the chain stores in the mall and their alleged demise we are opening the phone lines for a strategy call session. and it may have been an ugly day for stocks, but i got my eye on a couple of bright stocks. do not miss my take on an impressive turn around story that i can think of. 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

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this is going to sound crazy to you and especially on a day where the s&p saw a 1.7% decline. but i think many of the stores in the mall are make a comeback. i know you don't believe me. a place that pierces more than 100 ears is now a mall relic we see sears slip sliding away even though i feel good about the ceo himself. we see ann taylor fighting for its very life. although of course it would say it is not. and then finish line, the mall based shoe store catches a huge big yesterday. paying 1350 per -- the wrap

against finish line didn't always get the first run nikes and i bet that changes and it is not one deal lately, we have seen a spate of mall based retailers who support big numbers. delivering much better than expected sales sure pullback dramatically today. but if the mall were really dead, zoomies would be making new lows dsw ison the verge of a breakout normally you would be worried about a down and out retailer, but dsw boosted its payoff by 24%. i don't want to get too excited, there are plept nties of losersn

the mall take the stock express i dug deep into this one thinking it was next to go as bad as it looks, it is a profitable retailer, a balance sheet that is as clean as a whistle. no debt. we scoff at that short squeeze in fossil. yet it delivered a gigantic earnings sale. people yawned when guess posted a big upside surprise. we heard there were flies on it. still, guess gave you a 52% earning growth number and that is good. the popular perception that the stori stores in the mall are dying is

not going to go away before we conclude that reports of the demise of the mall base retailers may be greatly exaggerated. good numbers from william sonoma, michael kors, macy's l brand, has got a lot of stores in the mall and they are not doing that great i don't know what they need to do in order to turn the stores around, but i think if they do, it would be huge some companies like the aforementioned scene and simply refuse to bite the bullet. however, each time i see another

retailer break out like restoration hardware or lulu lemon did. it makes me think that many stores within the mall are very much alive that may seem ridiculous to you when we have got major anchor tenants like sears or game stop, or cigna jewellers which keeps sinking. still, i think we have reached a tipping point. there is too much good happening to write off all the mall based chains maybe a handful of more bankruptcy, it will be clear that the mall retail business is back and many of the bargains here, they may be too good to ignore much more ahead. including my selloff strategy session. opening up the phone lines to hear from you cramerica. let me help you navigate the markets unknowns

i am eyeing a play that could be worth picking up after today's drop you do not want to miss my sit down with the ceo of kohl's. i am talking about the humanization of pets stick with cramer. nah. not gonna happen.

that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets

and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call to save $500 off bath walls with your walk-in bath, or visit kohlerwalkinbath.com for more info. tough whip saw day out there. the kind of day that makes you feel like maybe the stock market isn't for you. the stock market is a great long-term generator of wealth. but you have got to think long-term and got to get through tough days like today which is why i am opening up the phone

lines for special selloff strategy sessions to deal with this level of volatility which is code for went down a lot. let's go to nicholas in florida. >> caller: i am a finance major and i have a question about ups. i was able to obtain a sizeable position i am wondering if the decline, is a significant buying opportunity. with are do you see the company going in the future? >> ups is a value stock and you are in school, so i want you to know the difference. a value stock like ups very seriously could be worth a great deal over the long-term. 3.5% yield but they have under invested versus their competitor fedex. i think that is causing the

problems xpo logistics if that stock comes down, it is the last mile play in ecommerce. so my bet is, rather than deal with united parcel, i prefer xpo logistics. jeff in virginia. >> caller: thanks for taking my call i am on the long-term 15 to 20 year horizon and mmp and sang ticker symbols, what do you think about those? >> long-term in the oil world is quite bad. i think that yesterday we did a piece about how natural gas use is probably going to be peaking.

if you have a ten, 15 year horizon, oil and gas is going to be quite bad i would not own those stocks sam in illinois. >> caller: how are you >> long day. how about you? >> caller: long day, can we talk trading here for a second? >> sure. >> caller: okay. with all of the volatility we have had lately, making the options prices very expensive. so, instead of messing around with those vix etfs and stuff like that, if you want to be short volatility, why not sell out of the money put spreads, high probability of success on good stocks when they are down bad. >> you won't do that and here is why.

in 1987, i was trading in the crash. and the firm that i was at, because i had left goldman sachs was a very good firm and they had out of the money put strategy when the market crashed, they owned everything and they didn't have the money and they went under. i came in, office was locked up. now i got to tell you, most people haven't been around that long so they think it is a good strategy when you are trying to get in the office and it is locked because it is closed tends to concentrate your mind. let's go to scott in florida. >> caller: hello >> you are up. >> caller: i have a question i have a small portfolio about 100,000. and 10%, 15% of it, is in

financial sector and i put it in there because i have a feeling i thought the interest rates would go up which i thought would benefit that sector and i am seeing a lot of the news and things saying that you know, people are a little afraid of that sector right now. i'm 69-years old and i am wondering if maybe i need to kind of move that out of there and back into something else. >> let me ask you, these stocks respond both to the ten-year treasury, but also they respond to higher short-term rates given that we know that the fed is going to raise short-term rates over the next three or four rates, wouldn't that be a good investment for someone who is 69? >> caller: that's what i thought when i did it and watching the program before you and hearing the gurus, they were saying,

everybody is kind of wondering, you no, it is not doing what they thought so i just wondered what you think. >> maybe some people are given to short-termism i think people thought that jpmorgan was expensive i said it was going to 100, and i was heckled but then it went down you have a nice long life ahead of you you're dealing with stocks that are selling at 12 to 14 times earnings so my take is i need you to have long-term view you've gt it and that means own the banks, don't sell them all right, what a wild day what a wild and often confused and often uncontrollable market. but i am here for you.

we'll take we'll tackle it together kohl's, i find out if the market is worth trying on don't miss my sit down with sowettas it doesn't matter where the fed is, or it doesn't matter about who is present we love our pets stick with cramer.

az. after a real ugly day where it felt like the rug got pulled out from under us, some stocks got cheaper, take kohl's i am a believer here and i think this stock gets more attractive as it goes down. yesterday we had a chance to sit

down with kevin mansell. ceo. you are putting up the best same-store sales number, the holidays are great looks like traffic is huge here. >> a number of really good stories in our income statements but i would say the number one priority for the company for the last two years has been around driving traffic. we have to turn the tide on driving traffic and that is what happened in the fourth quarter >> it seems like you have got, you are going with the usual low price but you have big brands here, brands that are cheaper than a lot of other places emphasis a couple of them. >> we did, and we built a

national brand strategy. and it was not only introducing new brands, we introduced a big one last year, under armour, also amplifying some big ones that we already had. so active brands like nikes or adidas, but traditional ones like carters >> i have been a sonoma buyer because i want the value and your private label often looks more expensive but cheaper than these national brands >> one of the things that is great about kohl's is we have a great balance, over 40% of our business is our own proprietary

brands driven by one thing, we know we have to do better in our proprietary brands and that is improve our speed to market. so we deuce the amount of time that it takes us to get a profit. >> my wife and i order something wrong from amazon, we package it up and take it to a place where it ships it out. when i look at your offering, your partnership with amazon, all i can tell you is that i am in and out and while i come in, i go through the store this is the future how is it working? >> it is working great we have a lot of innovation. we are sitting in one of our innovative ideas which is the small store. but the amazon pilot is another one. the ability of providing that service and doing it in a

seamless way, because it has to be fast and converting that traffic to kohl's shoppers is a big idea the experience is amazing and people are using the service. >> and it is where i presume you have it a traffic generator. >> for sure, we think it is driving, the key thing on the traffic side, is got to be incremental traffic. if all you are doing is coming in with your return and that is the visit you would have made anyway, that doesn't provide for it >> my kohl's does not have, we do have our kohl's, it does not have something that i find in the mall which is beauty and i think looking your selfie best is the way you have to be, not facebook instagram

but seems to me to be something that you would do in beauty that i think you would drive traffic. >> we have room to grow in beauty we know we have the opportunity to make it happen. we have improved the beauty business a lot but nowhere near where it has to be eventually. >> health and wellness big theme? >> that was the stake in the ground we put over two years ago. it goes into our home areas, sleep well, eat well, just a healthy lifestyle. we know that is how america wants to live in the future and if we can becoming the destination for active and wellness, we think we have a long-term strategy. >> let's talk about active and wellness when it comes to fo footwear i see a lot of nike, adidas and

under armour, are they all do well >> people are living today differently than they used and therefore, the way they dress is going along. footwear and apparel, all three brands are doing well. biggest increase with adidas and then the introduction last year of under armour. it lifted our overall active business up 15%. >> the reliability of kohl's, and most importantly, i don't know if people realize, but a lot of chains have had to close a lot of stores. it has been your ability to capitalize from their closings, and you don't seem to be opening and closing guys like the other guy. >> on a physical basis, we are

not in the mall. but there are other outside of the malls closings as well we are free standing, we are strip center we have a lot of flexible formats, one of the reasons that we are in the store, is to show the ability the company has to implement these formats anywhere is important. >> i want to go back to amazon you have more than 1,000 stores. and a lot of the testing has just started in january. but went this, i can tell you went this as consumers can you, do you ever think you can blow it out to 1,000 stores? >> the results will tell us. if the customer responds and they think it is a great experience, they use the story, but importantly it drives incremental traffic, we are going to look to expand it

we are half the equation the other half is our partner. i think the core idea which is to come up with innovative ways to drive more people into our stores that is the big idea. >> last question, the consumer, now we are in jersey where the taxes went the wrong way, but you have stores all over the country. is the consumers spending because they have more money. >> businesses is investing more, kohl's is investing more in our people, in our omni strategy anything that puts more money in the consumer's pocket is an opportunity for us to tap into so i think the answer is yes.

>> you are going out in an incredibly high note and when you turn them like this, they don't go away after one-quarter. kohl's remains a great buy including when your successor takes over kevin mansell.

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." let's start with william in ohio >> caller: yes, i'm -- first time caller and i love your show i want to know what the long-term is for alibaba. >> okay. and bellson are the three

chinese stocks that have the greatest future. i bless buying any of those. chris in new york. >> caller: booyah, cramer. >> booyah. >> caller: ge for my two girls. >> i cannot comment on say buy ge or sell berkshire on that news no way of knowing if it is true or not jeffrey in maryland. >> caller: yes. >> you're up. >> caller: hey, cramer, i love the show have a question about goldman sachs. >> tell club members it is time to buy in the 240s i thing it is a great bet on the volatility that we are seeing.

hadley in arizona. >> caller: booyah. pleasure talking to you. >> thank you same, what's up? >> caller: qualcomm, if it is a hold or a sell. >> it is a hold. they need to see approval by the chinese. surprised they don't have it yet. and then they will be diversified and be more on the automobile not autonomous driving let's go to rosemarie in pennsylvania. >> caller: i am calling about cisco stock. what is your opinion >> i don't know. it depends on how you view things i mean to me, when you get the dividend and you look at what chuck robbins has done up 11% this year, up from 30 in

august it doesn't seem that bad to me i like cisco, i would be a buyer here i wish my travel trust had bought some today. and that is the conclusion of the "lightning round". >> announcer: lightning round is sponsored by td ameritrade make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade.

today was another tough one. do you dropping and nasdaq

slipping themes like the humanization of pets, the idea these days people spend fortunes on their companion animals because they are viewed as members of the family that is one reason why zoetis has been such a huge winner. with all the turmoil here in the market, maybe the stock is too high let's check in with the ceo of zoetis welcome back to "mad money." good to see you. >> nice to see you. >> now you have some interesting statistics congratulations on your five year anniversary and you have vastly outperformed the industry. >> we have been doing a remarkable performance

in the last five years since we became a public company, we have been growing faster than the market in terms of revenues and an average of 21% on adjusted net income very important in 2017, we almost doubled our operating cash flow. >> it is incredible what you guys have done and it is continuing companion animal products, i am going to focus on those for a second, grew 15% 18% on an operational basis overs overseas where you are just blowing the doors off. why are you outperforming your competitors? >> the answer is because of innovation innovation in new products we introduced a product for

ducks. together, we added also for the same formulation, we introduced an auto para site for ticks and frees. much more friendly to the environment. and easier for kids and something that veterinarians are adopting very fast. >> the direct consumers are working. we found it because we had to put the collar on thing tos. and it is working. >> it is asking us to increase the conditions on the medical conditions the solution is working nicely and very fast. >> you are working something

i know they were trying to pigeon hole for you to say it is a blockbuster. you are working on pain. how do we know they are in pain? >> dogs are active animals if your dog is not running or a little bit lazy, it is a good symptom, that probably they are suffering from pain. we are developing products, we are now working on molecular antibodies we already have one, and now we are using this technology for all indications including pain in dogs, but also very important, pain in cats.

there is nothing working today for a cat. and if we bring this solution to the market, it will be significant opportunity. and a significant tool for the veterinarians. >> is it bigger than itching >> no that is our largest franchise. >> i remember when you first started talking about this >> it is the combination which will be exceeding 500 million in revenues. >> is that one of the reasons why the companion animals have switched livestock is growing at a slower pace. >> now is the time for companion animal in the past we have been generating a lot of growth in the livestock, cattle or swine or poultry

we had significant growth in 2017 coming from our portfolio of vaccine for fish. >> your numbers for cattle and poultry are well above the industry is that innovation >> i think it is innovation and be the quality of our people in the field and the breadth of our portfolio. we can overall the needs they have keeping the animals healthy and productive. >> there is an animal health business that is said to be for sale, eli lilly, do you bother to look at it? >> we are focused on what we are doing today. definitely, we will search any opportunity in the market. but it is important to

understand we have a significant market share in our industry and an acquisition of a large company will create anti trust issues. >> for those of you who are animal owners, it is a wonderful drug >> thank you, ji can get up to $1,000 cash on select 2018 is models for these terms. experience amazing at your lexus dealer. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking.

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you or joints. something for your heart... but do you take something for your brain. with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. i want to talk about microsoft for a second yesterday it was up. why? because analyst said it could be we have many stocks go down on vacuums today. i am not saying buy them i am saying understand we are going down too quickly 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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