ahead. >> mike? >> do that sand sell call puts in boeing. >> i think google is going to be very controversial i think playing long premium into this one makes a lot of sense and sets the stage s y back here next friday for more 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. like, look, we can handle a brutal decline in stocks company

apple. what we can't handle is both the same day dow lost 202 points. s&p sank .85%. nasdaq dives 7.2%. plenty of good news today. a dynamite earning sheet from honeywell and perhaps the end of the punishment from wells fargo which settled in a billion in fines to put an end in scandals. i know this, its stock just 2% nevertheless, the al go rhythms are set when rates are 3%.

some of the higher yielding stocks, those others in the cohort will been doing down and doing down hard. apple. what can i say today the most consistent bull on apple lowering the boom on the coming quarter. and investors may be disappointment when they see the firm's forecast especially because of sales weakness in china. this stock has been down in the last two days thanks to political worry in china the prc might fight back by organizing a boycott in u.s. technology, perhaps including apples cell phones this fights in the opening round so anything is possible. so apple stock which fell 4% was

at the heart of this decline with all of that apple and interest rate negativity in mind, let's see what is on tap for next week. first on monday, kimberly clark reports well, if we get those kinds of results, i can tell you its stock is not done going down even as it is already off 25% from highs, fell 3% today from new low. consumer product companies are being slammed on pricing because of competition and they are also experiencing higher raw cost. man, that is a nasty combo meanwhile, 4% yield is not much protection if kimberly clark continues the negative saga continues for the

whole group. amazon, microsoft and a now deflated apple, may find its stock surging if it does the number in wall street parlance expectations have been slowered enough, and the stocks have done little than an actual in line number may cause its stock to rally. youtube, weapono and google cloud. tuesday, caterpillar reports caterpillar may need to discuss raw cost going up because of the steel tariffs and both companies no doubt have to deal with china worry. and united technology best market for ottis tech following.

investors are salivating for more aerospace and honeywell's aerospace for more business. if there is a consumer practice that can stem in the group, it might be coca cola we will know if these moves are paying off when new ceo james quincy give us the skinny. results from big daddy boeing. i would say this company would be the star of the week of earnings parade. now it still might be. i expect a magnificent number. but impossible investors won't pay up for beau like it would a few months ago

i think the chinese started it all, but it won't make any difference to the market after the close, i am talking about the numbers from facebook. how much did the cambridge analytica frackas hurt the company. given the need to police its cyber page will there be further revelation of embarrassing. perhaps most important, what was the linearity of the quarter you know the stock is real cheap now. and if there is no lasting impact, this is a bargain. expect the test of itself lows which would take it down 15 from

now. twitter stock is on the rise be able to give it a head to head analysis with facebook when they report. so much going on with china results around semi conduct. will qualcomm walk away and how deep is the slow down of cell phones qualcomm deals with all of the cell phone companies nxp, its stock has fallen. still the deal is out there. i wonder if qualcomm has nonseller remorse itself considering stocks now trading at 51. now, after the close thursday, we are back to the trillion

dollar horse race i am talking about. we found out from ceo jeff bezos, that amazon prime has more than 100 million members. the company seens to be pretty opaque the disclosure was shocking what the tiffs of the president over u.s. postal contract. microsoft has quietly built a cloud operation that has performed s performed superbly they also turbo charged linked in microsoft plane old windows? pow. finally on friday, we book end k kimberly clark

colgate reports. best thing that can happen, fingers crossed that stocks get hammered before the quarter so it can bounce on an inline number the bottom line, next week's chock-full of earnings if they matter, stocks are li likely to go up and not down when these companies report. let's go to patrick. >> caller: i am trying to realign my portfolio should i hold or fold? >> i happen to like the stock of free port. i like the fact that copper has gone up. but you are not early in this. and i think that given the way this market is working, you are

going to have to wait for a pull back i don't wants you buying it so close to its high which is less than a dollar in a market that seems to want to go down danielle in pennsylvania >> caller: big filly booyah to you. i wondered what you thought about true pannion >> i to have tell you, i look the pet medical insurance business we spend a lot of money on bug and everest. we are going to stick with what brought us here. how about david if pennsylvania? >> caller: booyah from the

college of business at penn state. >> there you go. we love penn state i have got to tell you, i think the penn state, pretty good in the draft coming up. penn state rocks go ahead >> caller: my question is do you think the forth night grade will lead it to -- when they report earnings on may third. >> i feel that new gain has taken the world by storm you got esports. the cons sense is is building that forth night has changed the equations. they sure haven't of late. and what i tell you about friday fridays. i wi i am eyeing a few pot stocks

yeah, i'm even going there making some green just in time for four/20. the u.s. expert, this country doesn't want to take our trash anymore. stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. it took guts to start my business.

but as it grew bigger and bigger, it took a whole lot more. that's why i switched to the spark cash card from capital one. with it, i earn unlimited 2% cash back on everything i buy. everything. and that 2% cash back adds up to thousands of dollars each year... so i can keep growing my business in big leaps! what's in your wallet?

no one thought much of itm at all.l people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and power our cars wouldn't that be cool? and that's why exxonmobil scientists think it's not small at all. energy lives here.

every time they lower interest rates, the cartel, because i call it a cartel, the illegal monopoly raises oil prices that is what it is if businesses ever formed, opec,

nobody in this country calls and says get that god damd oil prices down. we don't call anymore. they ought to call and say you get at that price down and get it down fast if spoken to properly, those prices would come down like you better believe nobody calls whose going to do it >> it's been a decade since citizen trump came on this show. now he is president of the united states and he thinks it is his job to force opec to bend to his will. i get it even this time it has been happening with interest rates

going higher not lower no good. and it will not be accepted he tells us in this tweet only one problem if he calls opec like he said they should have, and says take that price down. here is what happens there will be no one at the other end of the line who matters. because it is not opec that is behind this rally. it is the oil market itself. plain old supply and demand. and that is the real problem the president may not be the most subtle guy, about if he were to do more homework, he would discover this particular situation is very subtle the opec that exists today, it is a shadow of its former self when he made those comments to me a decade ago.

opec no longer controls the price of oil instead what the president should do is check in with the ceo of schlumberger. key oil opec producers are showing big oil decline. venezuela are in free fall they normally used to help temporary price increases and haven't spent enough to keep boosting production. even the united states which indeed has become a gigantic oil producer when i interviewed then mr. trump, well, we are running out of spare capacity too. so who could the president

could? saudi arabia they have the spare capacity needed they kept investing during the whole downturn you can make that case right now. they are indeed keeping prices higher than they should be by holding back oil in the market russia isn't going it do our bidding. the president should pick up the phone and tell the saudis, it is time to produce more oil not opec, the saudis it might help. but one major issue the president didn't think about if the global economy keeps growing at this terrific pace, even the saudis won't be able to keep prices down too much demand. here is real irony if oil stays here at these inflated levels. then prices will only fall by themselves the president is a total fossil

fuel true believer if he would have been a bigger fan of -- reduce the amount of oil needed each year by moving aggressively towards electric cars the world has changed traumatically. renewables have managed to lore the price of oil the saudis could lower it more right now at least for the moment but opec it has been busted the president can call them, but nobody is home trying to get on the cannabis craze? i will tell you which stocks are on a weed to know by sasis how is a company like waste

management the unknowns and should it matter if this market is ready to appreciate, how about the nkbas. talking with first horizon to see what is ahead of the financials stick with cramer. - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide.

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for those of you who have never liked the cheech and chong movies, today is a special day today is 4/20. in honor of this dubious holiday, we are going to celebrate by taking a look at the state of the marijuana industry a bull market. hottest sector of the economy that remains legal in california, which is larger

than most countries. beyond that significant changes the way you can invest in the marijuana industry so while i may not be a cannabis connoisseur, i don't know the best way to tell you to get bait i can absolutely help you figure out how to figure out the booming bud industry or if it is even worth playing one problem. the weed business may be on fire, don't inhale but not many investments that look attractive. it is making most of these stocks too expensive let's talk about the green rush. the fact is that we are looking more like holland. dozens of peer reviewed studies showing the benefits of m medicinal marijuana.

i think this stuff will be legalized at the federal level at least in my lifetime. it givmore and more states are realizing this we have nine states where marijuana is totally legal the whole west coast and 29 more states where medical marijuana is legal how about is the industry? the american cannabis market could be worth $75 billion even john boehner never seemed, like you wouldn't call him a chill guy has gotten into the action now his thinking on cannabis has evolved. in fact, just yesterday, senate minority leader chuck schumer submitted a bill to decriminalize marijuana at the federal level.

this is an election year, so clearly schumer thinks it is sessions is not a fan of the marijuana industry and that makes investing in these stocks inherently more risky. when you look at the cannabis investing landscape, the first thing you will notice is most of these companies are canadian canada has a big government approved medical marijuana industry a number of these can nad kadia stocks are available in the united states. and just generally the kind of thing i would be hesitant to recommend on the show. when you throw in the fact that these stocks have had enormous runs in the last four or five runs, you might understand why i am not a fan

look at aurora cannabis or canopy groth groth or aphria it is not just california, we have seen a creation of -- ets bought a basket of pot stocks which brought those stocks higher and starting the whole process again, in kind of a virtues circle, one more component, the marijuana stocks started blazing and a lot of these people swapped out. even though this group has pulled back from january highs, the fact is that the valuation is still very extreme. baron talked about this in the recent covers stores sales, which is nuts

recreation marijuana -- basically, just these three wholesale growers are worth as much as the whole canadian ganga market might be here is the thing. legalization is horrible for pot pricing. when states legalize, prices fall through the floor it is a plant, for heavens sake. so if you are betting on the state of the industry several years down the line, you really should bake that into your numbers. i have seen it in oregon, when they plowed up pinot noir vineyards and planted marijuana instead. now prices have fallen so low. what about cronos, making a

different beast of other marijuana names trading on pink sheets they have medical marijuana licenses all over the world and do their growing in states that are legal to do business it is risky to me to recommend to you million in the stock is valued at 1.3 billion with a b and of course it is growing like a weed but even on these year's estimates trading at 13 times sale too rich to me. if you were, cannabis exposure, let me give you two of them, they probably aren't as pointed as you like, gw pharmaceutical, a british drug company recommending that stock for 80 points or szt

if the weed business does, then it gives you a big payoff. gives you great ways to play my personal intoxicating choice, beer here are some of these that can help the numbers, cinco de mayo falls on a saturday. when you are dealing with a controlled substance, you need to play it safe. most marijuana are way too down for me i don't want your money to go up in smoke steven in tennessee. >> caller: hey, jim, so i am calling today in regard to scott miracle gro. brack in early january, you said

it was the best way for someone to get into cannabis sector. however that stock went down so now after the recent announcement of acquiring sunlight supply on tuesday, do you think this will position the company to dominate this specific niche of the market >> the core business want doing that well, but this is the growing season yield 2.5% very well run company. it is the right thing to be in but just to be sure, that was a marijuana play that was better than a lot of the crazy ones that people were betting on. did it work? well i think it is not done. this is a spring stock julia why arizona. >> caller: hi. i recently invested in insys

and the way the marijuana week has going, it doesn't look like it has done very well. up and down, and up and down and i am wondering if i made a mistake. >> not the kind of stock i am going to recommend it is pure speculation and no more than that and that is really important for you to know. when it comes to marijuana stocks i think you have to play it safe. when the smoke clears, the two that i think are going to be left are gw pharma and consolation brand. i am sitting down with the ceo of waste management to see if the stock can have you cleaning up despite the market's unknown.

are they missing opportunity of smaller regional players going to sit down with first horizon ceo. stick with cramer. polk county is one of the counties that you don't think about very much. it's really not very important. i was in the stone ages as much as technology wise. and i would say i had nothing. you become a school teacher for one reason, you love kids. and so you don't have the same tools, you don't always believe you have the same... outcomes achievable for yourself. when we got the tablets, it changed everything.

by giving them that technology and then marrying it with a curriculum that's designed to have technology at the heart of it, we are really changing the way that students learn. and i can't wait for ten years from now when i get to talk to them again and see, like, who they are. ♪ is part of a bigger picture. that bigger picture is statewide mutual aid.

california years ago realized the need to work together. teamwork is important to protect the community, but we have to do it the right way. we have a working knowledge and we can reduce the impacts of a small disaster, but we need the help of experts. pg&e is an integral part of our emergency response team. they are the industry expert with utilities. whether it is a gas leak or a wire down, just having someone there that deals with this every day is pretty comforting. we each bring something to the table that is unique and that is a specialty. with all of us working together we can keep all these emergencies small. and the fact that we can bring it together and effectively work together is pretty special. they bring their knowledge, their tools and equipment and the proficiency to get the job done. and the whole time i have been in the fire service, pg&e's been there, too. whatever we need whenever we need it. i do count on pg&e to keep our firefighters safe. that's why we ask for their help.

what is going on with the stock of waste management? just this morning reported by what i thought all accounts -- while the stock rallied it gave up its gains waste management stock has been under pressure for most of the year turns out the recycling business is related to china as the majority ends up being exported to the people republic chinese announced a ban on mixed paper and mixed plastic. let's take a closer look with

jim fish here more about the quarter and where it is headed welcome back to "mad money." >> thank you how are you? >> i have to tell you, i am confused you have a business that is less than 10% of your company on the conference call, all wants to talk about is repsy recyclingables >> it is an important part of what we do so i understand the conversation this morning solid waste >> can we talk about commercial and industrial and residential how are they doing >> right well, so commercial, you are talking about recycling then >> no. that is what they are talking

about. i am talking about your real business i am talking about pickup and construction. >> got it. so the strength in the solid waste business came from commercial, industrial and landfill the ressi businesses that been sort of in the last few years as we called some of the lower margin business out. commercial was outstanding and landfill was good. it parallels the economy and the strength in that in both u.s. and canada and what we are doing on our customer experience and our discipline growth. >> and where arethe geographie that are doing the best? and what kind of construction is it that is doing well? >> it is hard to pick a geography that is not doing well they are all doing well. i guess you can say western canada is still a little bit soft but it is coming back as oil comes back most of the geographies are strong right now the ones that are doing the absolute best are probably in

the south, florida, tennessee, texas, california. >> excellent now are you having trouble getting drivers? i keep hearing that drivers are a shortage in this company. >> we are not having trouble getting drivers, we did put the $2,000 bonus out there and paying it at the end of the year, and part of the objection is for a retention tool. it was also as a retention tool and what we find is that after a year or two at the longest, our drivers tend to stay with us so we lose, when we lose drivers, the majority go in the first year so we bought ourselves a year with that bonus. and we will start to see a reduction in that churn of drivers in the next couple of months. >> you introduced a term that i don't know diversion. can you tell our viewers what

diversion is. >> we used to talk about it as recycling. and that means you reduce the amount of natural resource now we call it diversion and diversion basically means that we divert more at the curb out of the trash bin and into the recycle bin. a lot of that material ending up in the landfill. this morning we had our los angeles recycle manager on showing what came through the recycle plan this morning that was diverted and it is everything under the sun a chain that looked like coming off of a cruise ship, and that is not good for the business nor

good for the environment. >> let's talk about china for a sec. they did shut us down. is that political or just because they changed the way they want to deal with recycling. >> maybe political but primary objective is to reduce the trash we have been exporting to them the amount of contamination or trash coming in the front door was 10% to 15%, and now it is 20% to 25% and china is tired of that they said what you are going to send us is going to be .5% contamination. so resulted in an operating cost and the way to handle that is to look at our customer base and educate them on what is recycle and if they still can't get it, we will have to charge fees. >> i am more focused on stuff

that is making money and not the stuff costing little bit of money. jim fish, president and ceo of waste management good to see you. all about china and recycling which is not about what they do for a living "mad money" back in a second

>> announcer: lightning round is sponsored by td ameritrade it is time it is time for the lightning round on cramer's "mad money." [ 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." i want to start with mike california. >> caller: trying to look for an entry point on align technology. >> the stock is breaking down here let's wait a couple of days and then pull the trigger. damian in florida. >> caller: love your show. record it every day on my dvr.

i want to know about regions financial. can i buy? >> i think it is real good first horizon, i think they are good too i like the banks here. how about ted in new york. >> caller: booyah. what are your thoughts on applied materials. >> i like it so much but every morning i wake up and take a look at what is going on in china at 3:00 i get up and i don't like what i see. we are going to let that stock come down more break down more and see what happens in china and then trigger. clyde in california. >> caller: calling on edward life sciences. >> that is a great company and they have the best advice. you don't have to crack open the chest cavity of a person in order to do the heart work that stock is a buy. jean in pennsylvania.

>> caller: learned so much from watching your show i bought qlys. hold or sell >> holding up, are the cybersecurity stocks and i think that is a good company you got my problem, just so you know, everything is coming down. everything is coming down and we have to wait to buy anymore of those. that is what i have been telling people in the actualownersplus.com let's wait scott in florida. >> caller: booyah from hollywood, florida. >> what's up >> caller: the company i am calling about has gone up 70% over the past year and they make aircraft replacement parts and i am curious if they think they are -- >> stocks that are 52-week high

today, pull back between 3% and 5%, we are going to buy, buy, buy. but pull back first. and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is sponsored by td ameritrade (indistinguishable muttering) that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum-

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the interest rates spiking here are we finally ready to appreciate the banks even when the results are strong and doesn't seem like anybody cares. now upon further review, investors are waking up to the idea good time to be in the business take first horizon here is a company that reported last friday. first horizon delivered a 3% earnings what they make off the difference between what they pay you for your deposit and what they can make from investing or

lending and also buying treasury risk free. the number up is huge. that is the largest delta i see. capital bank going quite well. yet the stock actually ended up going down it was about on the news even a week later, getting that quarter for free let's hear from brian jordan welcome back to "mad money." >> good to be back. >> all day today, all i heard was oh my heaven, the sky is falling, almost at 3% on the tenure is the sky falling if we get to three sfrs. >> no, the sky is not falling. interest rates had to go up. and the fed has been clear that not only have they raise rates,

they tend to raise in all likelihood two or three times this year and statements to the curve is a good thing. reduces its long end pressure with the quantitative easing that was implemented a couple of phases over the early 2010 to 2012 time frame. >> is it possible that people forgot that being a banker in this environment makes it so you should pay more for that banker stock? >> i don't know. it may be a sense that it is going to slow down the economy, and i don't see that happening i see good fundamentals in the economy. financial institutions do better when institutions are higher and you get the statement in the yield curve. >> now you are a footprint in a lot of states are you seeing

anyone in the actual business worl, business people who are saying you know what, i don't want any first horizon money i am afraid to borrow because the ten-year is three. >> we are seeing good customer activity folks are borrowing money. continued impact and we are now starting to see the impacts of the tax act that was implemented in the december time frame so i would say customers are still fairly optimistic and we see good pipelines and good customer activity heading into the third and fourth quarter this year. >> i speak to a number of small business, and they want to open the next door, the next restaurant, buy the additional truck. because much less worried about regulation it is a mind set your customers are seeing it too? >> yeah.

absolutely our customers are looking for opportunities to grow and invest i would say financial results in 2017 were better than 2016 that leads to a stronger 2018 as people have more money to invest in growth. and i am very optimistic about the outlook over the next three to six months. >> when i was on a lot of the big bank conference calls, the criticism is how could you be making this much you are giving us the numbers that i thought other banks would give us. why are you participating so well in that interest margin >> well, two factors and one is and you mentioned in your introduction of me earlier, that the capital bank transaction has little -- but if you set that aside, the bigger driver and the likely to be the bigger driver in the future is

rising rates or asset sensitivity benefits financial institution and has had an impact on us or balance sheet is tied to the short end meaning we have more floating as sets tied to prime and so we are seeing that flow through our balance sheet and very encourage that hwe can continue to build on that momentum as the feds continue to normalize the fed funds in this environment. >> i appreciate the insanity that is bryan jordan thank you for coming on the show. >> thank you >> this is one cheap stock now we have been on this stock since 11 you know what we do? we listen to him he knows what he is talking about. stick with cramer.

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>> to find you a raging bull market payoff executives, scores of tough questions. all week cramer sits down with some of the markets influential players. join "mad money" on air and online for must-see interviews you can't afford to miss >> look, here is the issue, fridays are now bad because we are fearful of what the chinese will do on sunday. can't blame you for selling on fridays. i know they are not happy with our country. we are not happy with their country and they can take action to hurt our stocks and that is where the caution comes in and i think it is actually rational 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 investment will face these see sharks.

if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ i'm erica cohen. and i'm lori barbera, and our company is... (both) baby's badass burgers. smokin', o.b., no cheese. baby's badass burgers is a mobile food truck concept that has a gorgeous pink truck, beautiful burger babes, and the best burgers in l.a. order up. i have an extensive background in events and marketing. and my background is in the restaurant industry. i've opened and launched many restaurant concepts.