you can buy it. >> but everybody likes you, dan. >> they go away on friday. >> always big, guy, las vegas sands. >> i'm melissa lee, thanks for watching, see you back here tomorrow at 5:00 "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 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. the bane of this market is not tariffs or interest rates or inflation. no, the real killer is great

expectations including today with the dow dipping 64 points. while the s&p inched up and nasdaq advanced .9%. i am mess merrized on how horrendous it acts the expectations have gotten totally out of whack there is certainly the possibilities that things can change tonight because of apple's report. some people say this evening will break the spell company has sold more iphones than most of the bullish analysts have thought. the service revenue bolsters by 1 million customers. accelerated dramatically and the expect of big guide down didn't

occur even if the rumor buyback didn't occur either. it seems that analysts who have made negative assumptions based on weak numbers from surveys they have done that extrapolated on the past earnings were far too down beat. downgrades anticipation of the quarter. remember that apple is truly the vast exception to the rule estimates of any enthusiasms one generated by the largest company in the world has diminished. for large majority of the stocks it is quite the opposite apple is the outlier many stocks set up for disappointment there has been endless bumps and

upgrades isn isn't that the exact opposite we have heard last week caterpillar management gave you a con ster guide up i have been a cat follower way back and i was even stunned by the shear strength of these numbers. had much more room to run. much more room but one problem. cat's chief financial officer and head of investigation declared we saw the high water mark a phrase that lives in infamouscy i wish i could have been there i would have given the street some different wording i would have said this

be sure that our supply chain is rationalized or may not be capable of maintaining this pace of earnings. whereas the high water mark nonsense made you feel it would guide down cummings, cmi, just like caterpillar, talked about the same but the component degradations for the most part this market injuries are not self-inflicted. it is fli inflicted by the analysts. in many cases these forces are stopping people from buying high quality stocks and keeping analyst from pounding the table. let's start with the one that i think is probably the anti apple called united technology climate control, elevators and

aerospace. all three were better than expected check that much, much better than expected. yet the stock has done nothing but go down since the kwaertqua announced. they got much better number. and a lot of people when they are looking at this company are saying that's as good as it gets let's get out of dodge especially if the president gets out of china that's what happened here. that's what happened again, i wanted to distinguish between apple and united technologies the expectations were huge for united technologies. the expectations came down for apple. and then there is ibm. i can't believe this stock has had an inch of respite we are finally about to see the

faster growing part of the business overtake the slower growing legacy business. trades at ten times earnings but nobody wants it. next up, this is probably the one that is most upsetting to me goldman sachs. this stock has been performing so badly, it is hard for me to look at it i took it off my screen at one point today. i know we heard a lot of good quarter chatter this year, but i could argue this was actually the last bad quarter for these guys and still much better than expected now i know what goldman sachs does best is navigate volatility an amazing ama advisory business this is goldman's time the fact that the stock, the premier firm sells at ten times the earnings tells me something is going on

with analysts analyzing the company. expectations that will be good and it was good and then it is hated. let's look at under armour good solid quarter i think kevin is executing precise precisely how he should. at one point, the stock was down almost any other stock name in the market the stock of under armour closed up nicely. when the stock was down today, i felt like a total dope telling you the term was on plan when i praised plank on "squawk on the street." kevin delivered everything he said he would when he came on and more the turn is on going how about the defense stocks have you looked at these did you notice the first stops

that the new secretary of state pompeo made. israel, jordan if there is one thing that is going to mean its arms deals but look at the stock of northr northrop grumman, has pulled back more than 50 points from its high you think they cut numbers no it raised them raised them big. but doesn't seem to matter because people want the impossible from this company this was this one made me sick al gergen. did you hear anything that justified the stock's astonishi astonishing pier ret wants to be sure the break up is the right thing to do. he has got a huge antidepressant drug and a major innovation --

the botox just keeps rolling along. we have been waiting to buy some allergan from travel trust much better growth rate, much faster and now trades at nearly nine times earning. this stock is so despised, it is toxic, swimming in the love canal. no i smelled allergan in the water. unless there is little to no competition, no increase in roll cost, no exposure to china investors simply aren't interested the bottom line, when stock after stock finds itself unable

to rally off good numbers, it is the analyst and the market i think investors are judging too harshly. the stock of apple shows when expectations finally get so slow, they are soundly thrashed and gains are once again par for the course bill in new york bill. >> caller: hi, jim, a big booyah to you jim, i want to know if you can tell me about sky works solutions. if the recent downturn is a result of the trade wars or is a as a result of the relationship with apple >> i think it is the latter. liam griffen has done a remarkable job what did he do made the best chip sets and apple picked the chip sets. i think the stocks will go up.

this one is one of those that is a roller coaster expectations were too high and now they are too low possibility when the company reports later this woke theek te stock can rally. mr. griffen has under promised and overdelivered many times how about john in alabama. >> caller: hi, jim, a big roll tides and go eagles booyah to you. >> i take that people were critical, they should pound sand. what's shakin' >> caller: i need your advice and this time i am happening about crsp rocket the last six months looks like it is doing great things but is it too late? >> i hear nothing about good things about the company and bad things about the sector. so i can't recommend it up here when i have seen company after company just give up the ghost

in the bio techs i am just mess more rised by hoe horribly the markets are reacting if the expectations are too high this market is asking for too much feel like all the gains we have seen are repealed, i will try to make sense of the action time to ready to pounce on the groups with the best rebound potential. the gas might not be greener for addco, but could the company still fertilize in the long-term. i have the ceo 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

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you want to know something crazy? we have repealed nearly all the stock market's gains since congress surprised us bypassing a huge tax cut in september. it is like the whole darn thing never happened does this make sense starting to hear pretty frightening. at first companies paid workers with their newfound cash and that is the large businesses and i get that now in some cases, small to medium size businesses, a real ground swell of businesses in building and opening a second story, expanding how do i know about this because i am possessed by the homework i read hundreds of conference

calls and that's how i form my opinions i am on all the conference calls of all the utilizes. when you see a surging demand for power, that means we are pick up in commerce. he was adamant that the new tax code -- the expansion is so robust spread to include a retail that's right, brick and mortar retail a group that had been written off longs ago. and then first data which was on last night and visa which i follow closely you can't manufacture those figures and it is not just about the rapidly rising price of gasoline what else? is when you look at the loan growth numbers from the regional banks, what do you see it may not be scleaccelerating

enough wh not enough let's consider the results for getting from the real estate investment trust you know i follow them i scrutinize reits involved. and/ or malls, senior living, all well ahead of last year at this time again, i am hearing a story of demand and deregulation, how about housing. look at the conference calls of putte group. kb home. everyone is reporting huge numbers. take ford, overall numbers, down

4.7% strong results from the f 150 pickup truck the idea that the tax cut has done nothing is absurd they have led to real step up in growth all over the country. we are now way down by other issues like tariff worries, inflation concerns and fears make a lot of money managers sell everything and go away. the inputs i am looking at are too positive to dismiss. even though business is in much business shape, to me that is nuts even with all the new big picture worries that we didn't have six months ago. it would be easy for me to be super negative but when i look at the data it tells me that being negative is a big mistake. much more "mad money" ahead. going off the charts spotting

buying opportunities in the oil patch. farming play that was over 20% is it time to by addco and after puzzling earnings, i am eyeing a regional bank that i think is able to buck the trend. stick with cramer. at&t provides edge-to-edge intelligence, covering virtually every part of your retail business. so that if your customer needs shoes, & he's got wide feet.

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when the averages were down most of the day, a common occurrence in the market on a bad day, everything in the market can go lower. but some stocks bounce faster than others. and what might be picking in the weakness here. with the help of chaikin who is the founder and ceo of chaikin

analytics. chaikin invented some of the most important tools in analysis the chaikin volume indicator and the chaikin oscillator and chaikin money flow the guy is real good at this stuff. how does he identify groups that you might want to circle the wagons around? let's look at what has been working. chaikin points out that the broader energy sector spent most of the year lagging behind the s&p 500. that said, there is one subgroup that has been on a tear for more than six months, the refiners. and chaikin believes they won't be derailed by the sessions that we have had today. and look, if we are going to talk about this industry, we

need to address marathon petroleum. the cramer uber favorite numbers came in a bit light, not much, but more important because it just announced a jigigantic rival. marathon closed at $81 last friday and now nearly seven there are. it is a cash and stock transaction. a bunch of guys that want to go through this deal on shorting marathon pete. this stock is taken over the past two sessions and chaikin likes what he sees here. first, you need to understand three indicators here. chaikin money flow then the chaikin relative

strength index which tells you how the stocks performing compared, relationship to the s&p 500 of the past six months and at the bottom, chaikin power gage that turns fundamental into reading that can range from bearish red, to bullish green. let's get back to marathon petroleum. this is a bit of an oddity when you look at these three metrics, you see the chaikin power gage is in green bullish territory. despite that decline strength index also in positive territory as is the chaikin

money flow i think they unloaded it in correctly. i am with mark here fundamentally and technically. i got to tell you, this is really right, even with that no so hot quarter the company reported the top refiner in the country, the selling is excessive we got two more. take a look at another one that we used to talk about all the time is the daily chart of eog resources. big independent of oil and gases. last month eog broke out to the upside positive for the chart this is really almost pure oil this pioneer and diamond back are the ones that people are excited about. the chaikin power gage at the bottom is green. the chaikin money flow in positive territory this whole

time a lot of institutional buying. very strong and eog's relative strength has picked up just in the recent weeks when you have all three of these going for you, you are looking good if the price of crude falls here, eog reported 110 and that is down more than seven points from where it is trading i think for my travel trust, this is where we should be evacuating too you would do a lot worse than eog. best in show, pioneer. and the one i am looking at is anadarko are you ready skee-daddy yes, it is general electric.

yeah that general electric. the one that spent a last year and a half getting spent in a meat grinder the charts are not part of the ziet geist for starters, chaikin power gage turned bullish last week we consider this positive turn, a very big deal. wheel ge relative strength is weak, money flow this is a real look forward into the future a lot of this comes down to the better than fewer quarter that ge reported. cutting costs aggressively, stock gapped up on the news. now, remember, we have positive

analysts, over jpmorgan saying no, no money managers could bet against it with impugnty, now chaikin thinks the shorts are covered and the longs making its move. in a confusing and vile till market, it is good to have touch stones to fall back on these charts interpreted by chaikin. eog resources general electric and yes combined industrial are exactly the kind of stocks you might want to buy into the current weakness you are getting a bargain in marathon our nation's largest refiner at the time of this epic term is right to buy paul in alabama. >> caller: booyah, jim, from the hi

hill billy riviera the stock goes up and down like the wind rolls like the tide. is this ever going to be a six or $7 stock from 2009 to 2014, this stock was 40 bucks. >> the problem is that as much as oil has done well, natural gas has cratered here. one of the reasons why chesapeake broke through the stock keeps going lower. i am not a fan of south western. we have more than saudi arabia jason in utah. >> caller: love your show. thank you for everything you do. my question is about arconic i am still down about 10%.

and i saw downgrades today should i buy more here >> i think you are going to have to wait this one out and just so you know, it was my, when i was talking to my action alert gang, i said this was the single most conference call of the year the worst. in this kind of market you need to be able to pounce on groups the charts point to marathon, eog resources and ge i think it would be worth picking up marathon right here and eog if it goes to 110. and ge, if you have a strong stomach. more "mad money" ahead don't miss my exclusive with addco to see what is ahead

it is a bank, is it time to buy? i am not going to mention. talking with the ceo and all your cars rapid fire and tonight's edition of the "lightning round." 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

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how do you parson earnings report in this market. here is the stock that has been pummelled. you can understand why if you are worried about the impact of a trade war, agco is the kind o company that could be hurt let's not forget the eu too. then they come out and report phenomenal numbers much higher than expected

revenue. 14% on constant currency basis in particular on fire up nearly 30% even when you back out the power of the week. what happens, stock actually gets dings, and loses 2.4% no one seems to be satisfied with anything. only raised its full year earnings by 20%. does that make sense market being too harsh let's take a look with martin rich richenhagen. welcome back to "mad money." >> good evening. pleasure like always. >> i am confused you had such an amazing quarter and i did expect you would be guiding up a little more but you are conservative i shouldn't necessarily be reading from that guide that perhaps you think things are going to soften. >> no.

i think you are always pretty positive north america is back. only south america is a little weaker but i think that will change because i know from the seed guys and fertilizer, that farm is active and doing well i think it is related to the subsidy program. the state comes up with interest rates which will published first of july and by then, i think the market will be very strong again. >> we have cold weather in the united states. some of the farmers are trying to decide whether they should grow corn which of course we have in surplus or grow soy, but they are worried about china it doesn't seem to be stopping them from buying equipment. >> no they don't and bad soil conditions are very good for our high-tech equipment. so that is excellent of course as you mentioned, we

like free trade. we don't like all kinds of protectionism. we don't like sanctions. we don't like customs, we want to do business all over the world and i think we will be in a position to do that in the fufu future the problem with china hitting back is not so much our problem but a problem for the american farmers. so what the government does do right now i think is not really r well thoughtful. and they are surprised by the reactions. and i hope they learn. >> fair enough, there you go i think they regard this as par for the course unless you take them on and our country takes hits they will never win. >> i think it is stupid to believe that with this kind of protectionism, you can achieve anything old people with old ideas.

like wilbur ross bush sanctioned steel, and maybe he believes this is good for the industry i don't think so the steel problem is related to overcapacity globally. and the steel problem in the u.s. is old fashion equipment, not efficient. lousy factory and we need to do our home >> i don't want to get back and forth for this, i believe nucor is not like that. >> no, no. nucor is a fine company, yes. >> thank you >> this is not going to hurt you, what we are seeing right now, 40% increase year after

year >> yes, we don't think so and normally priced for inflation. it is all baked in all the volatility that which we see, makes us a little more cautious you mentioned we have a conservative guidance, i agree a lot of loose ends here, and i want to be on the same side. >> germany, uk, france, new to me having you call them out. what is going on those are areas which i thought would be so-so. >> germany is a, basically, we are the market leader in all of those markets. and so therefore, they are important for us we manufacture globally, have super technologies products which very strong brands in those regions and therefore for us, it is important that germany, france, and england are

doing well. >> finally, you have strong views. you said you new ross at one time you are an industrialist, how do you articulate your views to this regime we have in our country or do you have to stand back and say ouch, this is not the way we do it. >> i tried to politely raise my voice, but i think right now we have people in washington who don't listen they don't read, they don't listen and maybe not the brightest background i would say. >> i would say that is definitive martin richenhagen, chairman, ceo of agco. i appreciate it. >> thank you, jim. >> well, he is a free trader "mad money" back after the break.

>> announcer: lightning round is 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."

starting with brian in new york. >> caller: hey, professor cramer, booyah, by the way i was waiting to buy goodyear. >> keep waiting. there is nothing there jimmy in new jersey. >> caller: hey, how are you? >> what's up there, partner. >> caller: good. a lot of debate on geron >> we don't have to go down the food chain and by geron. let's go to josh in new jersey. >> caller: i bought cog next sus

susan -- >> caller: i would like to get some information on box. >> winner. i really like this guy personally, i am saying the stock. let's go to la in pennsylvania. >> caller: hi. i sold all but one of my equities because the market is too crazy right now. >> it is crazy i am not going to disagree. >> caller: i added more shares to applied materials. >> it has a big display business i am going to concur that applied materials is too low down here. ted in washington. >> caller: booyah, eastern washington state. >> sunny there all the time. >> caller: i retired in

november and my parent company was acquired by jacobs engineering do i sell it or hold it. >> jacobs engineering is a very well run company i am going to say i endorse. ross in louisiana. >> caller: booyah. you're the man, cramer hi crush partners. >> we are going to say wow, why didn't cramer get out of hicrush, because i was crushed blake in illinois. >> caller: thank you for keeping us well-educated my question is the company he hadditas

>> i am going to have to say pass and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is sponsored by td ameritrade >> announcer: with rules and techniques to break down the market for all investors. >> the red flag that makes me drop a stock immediately -- >> announcer: everything you need right when you need it. the new "mad money" madmoney@cnbc.co rough its entir. come on, all... the time from sunset to sunrise. right. but you can trade... from, from... from darkness to light. ♪

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. so far this earning season i feel like most of the banks haven't gotten the credit they earn a few exceptions that have been standouts. saw that stock rallies, exception like counting on frost banker texas regional bank. cullen frost shot the lights out. now the company delivered a bountiful 13 since then, cullen frost has been performing like a champ

can this stock keep climbing let's check in with mr. green. welcome back to "mad money." >> thank you great to be back. >> you had double digit loan growth how much of this is an element i would being deregulation and let's just call it, because i think i love it when you said it, a sense of optimism in taxes. >> there is really a couple of thing, texas is the great economy. and we are taking advantage of that because we are in some great markets. i think the tax act has helped some of the investments that have been done by companies, buying equipment, taking advantage of depreciation.

our people are executing and taking advantage of the economy we are in. >> you were asked about customer optimism you did mention that the tariffs are a bit of a game changer in terms of the cost of rebarb steel, and deregulation. talk to us about that for a second. >> i think this deregulation thing is a big deal. after the election last, the last election that we had, you and i talked and we talked about how there was a change in feel, in optimism of business owners and i think in retrospect, it wasn't because there was a lot of decreased uncertainty, because there was a lot of uncertainty about what the new administration would do. one thing that was intuitively understood is that the rate of

deregulation would slow and that in fact has happened when business has more clarity with regard to deregulation, i think it helps them move forward and that is something that we have seen consistently. >> we have seen, not to attack the media, that was done well enough on saturday night such strong employment, that wages are going up parts of texas that have 4% unemployment labor cost is going up, but that doesn't mean that business is going down. >> it doesn't. in fact business has done great, and if you take the energy business, there was a problem a couple of years ago and we have been moving out of it. the permian basen is as hot as it has ever been 21% growth the energy business is recovered

particularly in permian. but if you look broadly in the rest of the economy, great growth hard to find people, but good companies with good relationships can. and that is something that us, we as a nation need to be doing. figuring out how to solve the labor supply issue that we have. we have seen increases in cost of labor factor supply and demand. >> people feel like it should never go up. that is okay to have booming business best increase i have seen of the thanks that i follow >> two things. o one we are asset sensitive higher interest rates benefit us long growth, 10%, that is broad base smaller core deals

consumer loans, commercial real estate great markets andab able to tak advantage. >> nonperforming assets has it ever been lower? >> improving quarter over quarter. if you look at problem loans, those are down by 25% from a year ago. >> last thing i want to be sure that north of 10% of loan book for energy, you're okay with that >> what we led to was high single digits on loan growth and it could be more than that at times. we have been guiding to high single digits. and what we want is consistent, above average sustainable organic growth we do that when the great economy in texas and it has been good for us. >> we need you up here

i like people being put to work. i want to thank phil green being optimism in the stories that we hear thank you so much. >> thanks jim. >> when people are paid more, despite what the papers say, that's good. "mad money" back after the break.

we have all heard of the book "great expectations," how about the book not so great expectations that is why apple stock is soaring. that is why that stock is popping. most stocks have too great expectations and that is why it is hard. 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

>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ my name is stephan aarstol. i'm 39 years old, and i live in san diego, california. i've always been what you might call a-a geek, you know, i got good grades, i was on math team. i've kind of always played things by the book. coming out of graduate school with an m.b.a., uh, you're sort of groomed to go in a--a certain direction towards really corporate jobs, management consulting type jobs,