>> i didn't know what it meant >> your final trade, plays sni >> take 2 interactive. >> i'm melissa lee thank you so much for watching see you back here tomorrow at 5:00 meantime, "mad money" with jim cramer 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 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. all right. this market goes through litters faster than i can go through a bag of potato chips.

dow losing 148 points. didn't feel much worse than that s&p declining .2%. think about how many times our leadership has changed since the market peak in january. >> first we loved the banks, and then hated them. we loved the industrials, then hated them with president trump decided to fight back against years of unfair trade practice fizzled when caterpillar described its latest quarter as quote, the high water marks for the margins. we loved the soft goods for the consistencies and their yields until yields became too low. and consistencies vanished double trouble for the steady

eddies last week we loved f.a.n.g along with fell low travelers, but today we turned on them big. then we throw the same stocks in the trash after a day or two that said, we did have three updates before the selling tsunami today. so you have to ask yourself how come this market isn't down more given that we keep sending leadership group after leadership group to the guillotine let's consider what is still working here maybe that will offer us not solis, because that is awful hard to come by these days but maybe rationale. smattering domestic companies with no chinese inputs some take-overs and the companies that can deliver honed upside surprises like mcdonald's and first data

or visa last week. that is not enough to sustain any advance especially whien there is a bizarre end of the month. especially the semiconductors. all got put in front of the firing squad we don't have enough leadership groups to generate a rally with any real staying power but, these leaders are enough to keep us from plummeting. they seem to break the fall and that just seems to happen right now. something we need to take into consideration especially at a time when so many commentators are giving up on this market we did put together some decent sessions of late so let's not ignore that.

start with take-overs. the biggest one t-mobile sprint laid an egg. investors feel any trust issues would -- a merger. heads the bears win, and tails the bulls lose another cramer fave. pro lostic is taking over industrial now these three sectors, they don't provide leadership so i am not kidding myself here. however, they do create instant rewards for shavereholders.

and they translate into more fees for investment banks and they need them best of all, take-overs put the fear of god into the short sellers. makes it very easy to be a short eller. aside from the t-mobile sprint ta transactions, all of these deals will give them pause bullish action in utilities and the rooets we are going to speak ceo who -- the groups with high yields. maybe the ten-year treasury will stay below 3%. third, we have the oil stocks going again. i know, i hate it like you do. and looking at the oils over the weekends coming in the charts, i

think they are vastly overextended at this price i mean, come on, netanyahu saying, look, iran is not playing ball so the longer that oil stays up the more i begin to believe maybe the saudis are trying to prop up the market west texas crude users are $51 what is wrong with this picture? not a terrific long-term sign. you know what else is being ignored, the price of natural gas. getting clobbered. of course you would think it to send big players like natural gases higher finally, of the pure upside surprises the companies that

solidly transcends, because business is doing great like mcdonald's's today, which by the way peaked in january and then finally went too low or visa last week, or amazon, not enough to do the job a lot of the others didn't have the staying power. so what do we do we have the bet the good sectors will not stay down for long. how do you not want to own the stocks like microsoft. third, how about the industrials? let's tell the truth here. we are beaten down a nation that doesn't think anything will stop the chinese anymore. we are down on ourselves president xi, look doesn't play by the rules

lifetime tenure, can afford to make lifetime decisions. what happen, bear with me, what happens if china blinks? i am going to ask it again, what happen if china blinks what happens if larry kudlow negotiates a better deal the industrials are doing too well i know it is painful sometimes if china doesn't blink, we get lower prices the fall from these particular levels would be relative mine minor, as i believe much of the pain is baked in i like the risk reward athat is developed with the industrials bottom line. in a positive way, fickle. we understand that it is hard to sustain in advance when you see this in advance,

you have to ask yourself -- there is always something working. there is always a bull market in this tape, you just need to know where to look. alex, in my home state of new jersey. >> caller: thanks for taking my call great show northrop grumman and rest of the defense sector has been hammered hard >> i like northrop grumman's quarter. if you go out six months, you will see all that has happened, these stocks gave up a little bit of gain. lockheed martin not as good. and issues with general dynamics too. ron in iowa. >> caller: what do you think of

buying williams partner? >> i am going to say no. i too am gun shy about this group. i would rather that you are in an etf that has all of them. but you did pick one of three that i like. i like williams partner, enterprise, and magellan midstream. those are the three that i am willing to endorse you're in it i certainly would not sell it. the 6.7 knife yield is fine. marsha in new york. >> caller: hi, mr. cramer, i am calling if reference to united rentals. it has been going down ever since i bought it. do you know the reason and should i hold or sell? >> our market has turned on anything industrial. believing that there is going to be a dramatic slow down because of our trade war

it does not matter what numbers i get from the local banks or numbers i get from the utilities. the world has decided that these stocks can no longer be owned because a trade discussion that is turning into a tiff and a tussle has made it so people think the world is done growing and that is why that stock is being punished unbelievably sure, the action is fickle, but you know what, always something working. why can't they crush it? on "mad money," is allergan giving you frown lines sitting down with the maker of botox. but i think i need it for the migraine going to give you my take and used to be big player in rooet

space. we got the ceo "mad money" back after this break. >> 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. [phone ringing] need a change of scenery? the kayak price forecast tool tells you

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i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. some stocks, they can't catch a break. this morning got results from allergan and i feel every tick lower because we own it with my travel trust. the stock got pounded more than 5% and it might have been because of a single line in the conference call. the numbers were great they were. allergan posted a -- management raised their full year guidance, good things to say about the pipeline initially the stock opened up

four bucks on the news allergan is conducting a major review on the call investors heard something they don't like. ceo said running the company in part it made many investors feel like maybe this whole strategic review might come to nothing check in with brent saunders so there are no do-overs but i felt what you said, look, we are going to do what is best for the shareholders and be sure that what we do is better than what we are doing right now or else not do it did i hear it wrong? >> you heard it exactly right. this management team, this board is focused on creating shareholder value over the

long-term. we are open and we would like to hear from our shareholders and discuss ideas with our shareholders and have been transparent about it the reality is that we have to say that the baseline is the current business and when it is performing well, that is a good time to do a strategic review because you can do it from a position of strength in your business. >> you are paying down debt and buying back stock. no one questioning that, right >> we have now bought back since we sold our generics business, $17 billion of stock and paid down about 13 billion of debt. paid down a big this quarter at our target leverage ratio for the year would like to see it go lower. and continue to pay down debt as we generate a lot of cash from the business cash flow this quarter was higher than expected at a

billion five is there anyone thinking that perhaps your migraine drug doesn't have the hit ratio that it should and some of the current drugs are more effective. >> no. when you look at the data we presented now, we have a really good product two more studies to come safety studies, long-term safety studies required by the fda. right now, i say it looks beautiful and looks like a great drug. >> how many people after two hours feel pain relief. >> 5 %, 60% and three hours, closer to 80%. >> is there something i am missing. >> no, repasstol is a great

drug >> nothing like this out there different pathway. >> i really am hopeful for this drug mental health is a huge medical need depression, suicidality. this is a big game changer >> largest cause of death with young people. >> with no drugs >> we had the ceo of advance therapeuti therapeutics is revance the reason why the stock is down so much. >> if it is, it is a silly reason botox is 100%.

we invest more in botox and invest in medical aesthetics we are committed to training, and education and we are developing our own new novel tox as well. >> my understanding is that millennials start to recognize you want to stop wrinkles before you have them. younger people, taking botox, the selfie generation. >> we just actually started our first tv ads directed towards men and running the first ads for botox nationwide in the united states. >> you didn't need it. not that you need it now. >> the market is at a tipping point and we want to tip it the right way.

>> cool sculpt, business strong? >> owned it for 11 months, but amazing growth. >> juviderm fillers strong >> very strong. >> yes, you have one drug coming off patent >> we are losing a patent with restayis our margins with so improved this quarter and so we are ready for it it is, we are not the first drug company nor the last to lose a patent >> drug companies even the ones with half, a quarter of your growth, if they yield 3 1/4, their stocks would come down

these second rate companies that have such low growth rates, 3 1/4 their stocks go down >> my opinion is we have a great strategy of leadership in our therapeutic areas, we need to get more focus and looking at potential asset sells. pay down more debt and drive sales and drive innovation our board will continue to make some of the other options like a split or perhaps tuck ins and things like that but i think we know what we need to do, just execute and i hope the market continues to work with us and give us the feedback that we run a company not a stock. >> fair enough well put >> ceo of allergan did you hear anything bad? i didn't madd someo "mad money" after the break.

okay let's get one thing clear, i think the market has this t-mobile sprint deal all wrong i bet there is a good chance it could get done after interviewing t-mobile, and sprint, i think the government will approve the deal. it wouldn't surprise if he can sell this transaction to the regulators i have known john forever. and he has made outrageous promise after outrageous promise. and every single one of them has been borne out or come true. now when i first heard that they were actually trying to merge this weekend, i didn't want them to waste our time. we have enough failed mergers of our time if walgreen's had such a hard

time buying a chunk of stories from rite aid. and then how the heck can this deal pass muster we have lots of price competition. in theory, prices would rise, stores shut down money loss. new style of things, but after reading the manifesto, small parts of your brain starts believing this deal would be good for america creating tons of jobs putting us back in the lead when it comes to 5g perhaps lowering your phone bill i read through the material twice. here is the crux, this combination will enforce a fierce competitor -- in the form of lower prices, more innovation and second to none experience

end quote. he added three times the workforce when most of the time folks assumed he would do the opposite i doubted john taking customers away from verizon. yet he did it with even an inferior network promised me he would build a superior network and he delivered on both so when he claims will be more investments, better jobs, lower prices, i may believe him. i think he will do it again. coming out swinging at all of the objections first he saids it is not a three to four merger, it is a four to five merger. second, he points out that rural america is radically under served

and third, in the only way t-mobile and sprint can compete is to combine forces he claims the new entity will spend billions of dollars. the deal could come down to a court case but he is doing everything he can to get this administration on his side by making the argument what can i say it sounds crazy. but it just might work michael in chicago >> caller: ba-booyah from chicago. home 2018 world champion cubs. >> good for you. what's up? >> caller: my stock is country li -- century link is this investable at all? >> that did close and that is

good and the yields at 11, that is too high but i do believe that the cash flow is better than i thought since that deal closed kent in new york >> caller: jim, thanks for all you do i am from philadelphia and i love listening to you. >> thank you >> caller: i bought roku at 42 the news is up and down. i don't know what to do. >> that's because every day, first of all, we don't care when "mad money," where stocks is coming from. we care where it is going to so what roku has become is a battleground and battleground stocks too hard for this guy cody in new york >> caller: hello, dr. cramer. >> oh, my. >> caller: thank you for your steady luminous guidance

i am a long-term investor, i want to know your opinion for drop box. >> i like spotify and dropbox. younger people can't live without. you are in good shape with dropbox. and good shape with pot fie [ buy, buy, buy much more "mad money" ahead. including my exclusive with ventas listen and maybe you will learn something. then, a company that is become a big financial service player and it soared nearly 20% can the momentum continue for first data i have the exclusive and it includes bit coin all your calls, rapid fire, and

tonight's edition of "lightning round. stick with cramer.

my name is cynthia haynes and i am a senior public safety specialist for pg&e. my job is to help educate our first responders on how to deal with natural gas and electric emergencies. everyday when we go to work we want everyone to work safely and come home safely. i live right here in auburn, i absolutely love this community. once i moved here i didn't want to live anywhere else.

i love that people in this community are willing to come together to make a difference for other people's lives. together, we're building a better california. for long time economy seems to be roaring and interest rates seemed to be creeping higher once people started worrying about a tariff induced worldwide slow down and a yield from the ten-year started backing to 3% ventas, health care oriented investment trust hospitals, research labs across north america, this is a great real estate health care play strong quarters. revenues higher than expected.

management raised their full year guidance, businesses growing across all segments. we are going to hear more about this, its largest tenant to resolve a number of interest by the way, 6.1% yield, more than covered by the funds of operations looking attractive here let's take a closer look with the chairman and ceo of ventas welcome back to "mad money." good to see you, have a seat. >> great to be here. >> this is the quarter that we have all the been looking for. trying to figure out to start with the upgrading of the portfolio, or the brookdale deal or something you told us what would happen, people would stop building senior living you said there was a peak, you held back and now it is coming down is it going to stay that way >> so many good things to answer there. yes, we can start with earnings which you mentioned we are above

expectations, our guidance was raised we start continue to come down only a little over 6,000 units got started. >> in the whole country? >> in the top 99 market. >> that is unbelievably low. that could have been five markets five years ago. >> exactly lowest since it has been since 2016 and nearly half of what it was at its peak in the end of 15 so good sign. >> how about something that the analysts aren't asking about but i see because i deal with a lot of companies my father had this long-term care where you stay at home. no one writing these policies anymore. isn't that good for ventas you can't stay at home, no one is giving you those policies. >> exactly we have so much good work to do to show how beneficial health

and wellness and longevity and communal living is being able to demonstrate that we have 11% penetration among seniors who use senior living, we would love to see that higher 1% of penetration point. an important criterion for us to get moving on. >> one thing i see, is the portfolio, upgraded everywhere and the clients have much better credit ratings everywhere. this life science medical office, most exciting business yet. tell us about that >> we have been rotating our capital away from the skilled nursing business we have cycled that into a business now $2 billion and growing. doing business with the leader research universities in the nation building brand new research facilities where they can cure

cancer and do wonderful things. >> with great universities you are affiliated. >> yes, brown, yale, penn, exactly. and this business has huge demeanor we have great expertise and it is our number one capital allocation priority. and we continue to develop new customers and also build on the campuses where we are like penn >> okay, now brookdale, this has been one of these things why do you like venta, they have problems with brookdale. clear everybody up here on how good this deal is. >> the brookdale less extension is good. a long standing customer the pamain point is we extended our lease maturities out to 2025 and so we have eight more years of lease protection guaranteed by brookdale and that is of

course we start to see in 2020, the huge growth in the senior population and so by 2025, this so-called silver wave will are rocking and rolling and that is really, really positive for us. >> now, people are always saying wait a second, 6% yield, something must be wrong. >> our dividend is rock solid. i cannot think of anywhere else in the equity market where you can get our balance sheet, our demand story and 6% dividend. >> your ceo talked about strong hold markets can a challenge market become an unchallenge market >> it can. and there are markets where you see, it is easier to build atlanta is a classic one. >> that is what it is, too easy to build. >> people are building there when you look at the

demographics, you also see that over the next five years, the senior population is supposed to grow over 25%. so people are building where the demand is coming but building in advance of it. and that is what we have to work through in the coming period. >> now will we still see dispositions, you have this 1.25 is that still going on >> we are expecting a billion and a quarter of harvesting of capital this year. 300 million of which has occurred and using that to strengthen our balance sheet and create dry powder as you know, when the acquisiti acquisition market is a good one. >> one last existential situation, ventas would be soaring here because there are some challenge players but there is really nothing you can do about this etf-ization.

it is your cohort. you just have to stay the course. >> we think that some markets are not favorable to a particular company even though the company may be doing well. we are smart at executing on alternatives this is going to be powerful when we get to the other side. so we feel really good about where we are. >> you are much closer to the other side i think you are humble and you fight and i know that i can make the judgment i think you are close to the other side. this is going to be so right 6%, the breakout quarter "mad money" back after the "mad money" back after the break. need a change of scenery? the kayaol shows you

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>> announcer: lightning round is sponsored by td ameritrade it is time it is time for the lightning round on cramer's "mad money." that's where i take your calls rapid fire 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 matt in california. >> caller: when will alibaba's prices rise to the same height >> possibility that we see good numbers. i say own it let's go to melissa in california. >> caller: hi, jim, what is your take on first american financial? do they get a booyah >> anything remotely connected with the housing segment is not working. i am not going to fight the trend. chris in virginia. >> caller: big ba-ba-booyah. >> what's going on >> caller: i bought this stock a month ago, i am talking about

coherent >> laser has been a nightmare. i can't counsel anything but don't buy. mark in illinois. >> caller: thanks what you do. i am looking for deals with ionis. >> a lot of people feel it gave away the upside. i am not one of those people, but i am not going to fight the trend. you will hear that a lot from me in "lightning round. i can't fight the trend. how about kirk in california. >> caller: a big booyah. my stock is skechers. >> i invite tony romo on the

show to see how quickly he gets through the airplane i can't get through that fast. he goes right through. what is that about mike in south dakota. >> caller: booyah, mr. cramer. love your show my question is on corning. glw. >> the kind of company that goes down on a day when sprint is trying to merger with t-mobile that is where we are right now i am going to have to take a pass warren in california. >> caller: thanks for taking my question i currently own bofi >> this one has been a roller coaster. but of late, it's very inexpensive. quick growth

how about christian in new jersey. >> caller: thank you for all you do my stock is vrsk. >> people love it. i have yet to be able to do a piece on it. that is my bad it is a like stock and i like it too. and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is >> announcer: lightning round is sponsored by td ameritrade, whys 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- just to help youyour sk. boom! mad skills. education to take your trading to the next level. only with td ameritrade. no one thought much of itm at all.l

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can you believe this fantastic move of the first day. up more than 18% holy cow this is something else here is a stock that has been lagging behind the market for months and now they turn things around in a single quarter how do they do it? it took a lot of work. even better management raised their sales and earnings forecast some of the strength is because the numbers are excellent. most of the move comes down to giving up on this story. could this be the start of a much larger move find out more about the company's quarter. this is so great to see you. now, frank, this all came together and this is a lot of hard work that you did

you told the folks i want to pay down debt but also want to grow. most people can do one and not the other. >> we have a huge generation of cash flow machine. billion four, billion five paying down debt 6 billion since i have been here and important to make a turn and buy card connect, by blue pay. they have paid off han -- handsomely. >> we are a large merchant acquire. we own a debit business, in the merchant acquiring business we were predominantly a bank partner. and there were other areas to

grow and one was providing payment services to software vendors both card connect and blue pay did it one in the commerce area and we went and bought both those properties, double digit growers and we brought their capability into the rest of our company. and consolidated a lot of the business and now have those as settin -- assets help the rest of the company growth. >> many of are viewers now lyft, but not mill -- >> we win the business of the software vendors and all of the people they are providing to it. the individual spas and salons that they service. tens of thousands globally, we will provide all outpayment

processing too the beauty is they are not in our numbers yet. >> i wish the analysts have asked you, i think your security business is best in class. some of these merchants have had a lot of stuff stolen. you can do a lot to stop that. >> we spent a lot of building out our security discipline. we provide it to our merchants but also have created products on the front end one called fraud detect that helps large merchants. we have taken down the fraud rate for many of our clients and we think that is a very, very creative business for them fraud is a real cost and we want to protect them against fraud. >> the square people came on the show and said if customers want bit coin, we will do bitcoin

does that mean anything to you >> our job gift business is driven with some bitcoin in it so we do accept bitcoin. but our job is to help our clients enable commerce. >> ali pay has a big business in north america, and that is yours now. >> yes, and we believe that enabling these payment systems allows commerce to happen better for the businesses in america. help them do more business that is our main motto. >> but the international business is probably your fastest grower how big can that get >> a complete growth business for us growing in asia pack, latin

america. places where the company four years ago did not focus and did not invest we see sustainable we believe you will hear us talking about wins and market share gains in those markets asia pack, and latin america. >> guys baling because the ten-year went to 3%. your debt profile actually much better than people realize and you are paying down a lot. so that should not longer be the focus. >> yeah, two things happened when tax reform occurred, there were a bunch of items in there that were going to be detrimental to us. you have seen us lower our tax rate and continue to work on lowering that going into next year so smart about that. i think that penalized us a little bit and then the issue of interest but we are very, very fixed

interest. >> you have done a lot of things right. the break out quarter. and some of these analysts raise 25 to 28 target prices chairman and ceo of first data thanks for coming out. amazing quarter. good to see you. good to see you. "mad money" right back forgot me goggles. kayak. search one and done.

>> going a lot of work on this boot camp that i am giving on saturday and one of the things that i have learned and i analyzed all the rallies since the january top. if you buy up, pay up particularly on mondays you lose money. listen to me you lose money losing money is a miserable feeling and too many people insist on buying what tpajama traders buy. 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 i'm jim cramer, and i will see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an ve 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 jorrae. and i'm kelly. and we're sisters from philadelphia, pennsylvania. you know why it's gonna be really good? 'cause you made it. because i made it. i'll tell you the truth. we've cooked all our lives. we love to cook. my mom was the best cook ever. we would go to church on sundays, come home, and she would tear the kitchen up. so it's very important that we continue the tradition. whoo! how about this? one dinner four years ago,