home a lot to talk about in the realm of walt disney. >> there is a lot to talk about in the rim of disney and comcast. >> take-two interactive. >> did you forget? just checking. i'm melissa lee. thanks so much for watching. see you 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. ever since president trump pulled out of the iran nuclear deal today, i have heard it is good for stocks. it is bad for stocks

it doesn't matter for stocks what really matters is that you knew it was coming if you were paying attention today remained pretty tame what's amazing to me is the sheer incoherence of this market let me break down what is going on so you can understand the way this market works. there are some markets where it pays to be smart and think things through, to be an intelligent person and this market is not one of them. this is a straightforward market that is as dumb as a bag of hammers. if you want to beat the averages here, the trick is you can't overthink anything to put it another way, this is a captain obvious market today when buyers flocked back to the defense stocks, i mean, it was kind of like, are you kiddi kidding me

it is that easy? iran makes the middle east a more volatile neighborhood it is bad for the world better good for defense stocks. the defense stocks have been flying for most of the year because of tensions in korea and the group was hit by a one-2 punch that shocked people. from that moment the defense cohort starting rolling over and then lockheed market gave you a down beat forecast raytheon sold off when its upside surprise turned out to be a downside surprise. stocks nose dived. the pin action, crushed the group. now the thing is, this market is absolutely no memory whatsoever.

in the last few days as we started presuming president trump would reject the iran deal, money started flowing right back to the defense stock that were hated because of the problems i mentioned the leaders, pushed hard by goldm goldm goldman. let this be a reminder that defense stocks trade on fear of war. i know, it seems obvious and that is because it is obvious. as long as you remember how stocks are moving in this market why did defense stocks get high anyway when the companies failed to deliver in heightened expectations, stocks get thrown out. that was a full ten-days ago who cares.

nobody can remember what went wrong with lockheed market this market has a memory of a may fly. these clever money managers figured the money still matters. only the obvious matters the oil stock going down we had the big bad event oil had been climbing. smart money was that this was the news that this had to be baked in and selling the oil stocks the obvious is never fully baked in the oil stocks, well, they started buying them at the end of the day and at the same time buyers poured into the airline this morning finally betting that oil had crested. furious buying waiting for crude to roll over anything with half a brain thought the oil rally was done

half a brain was too much for this market. the less brain the better. just like we saw with the defense stocks that had been thrown away, the buyers came lapping in they bought every single energy shot almost too good to be true i mean, trump, who thought that trump wouldn't spike the deal? anybody. you would have selling the oil not buying them. that would have been the case with almost every other market i had ever witnessed all of that thinking and history and knowledge would have betrayed you this market did the unthinkable. you are not supposed to be able to make money in such an obvious way but the obvious is what is working. then are the people i call the pause buyers these people out there buying

certain stocks they walked away to be true the president didn't pull some surprise when they ended the pause, they came back with a vengeance we saw that with cloud king, adobe. and what always is intriguing about these moves like this is that they are totally unjustified. these buyers keep pulling the trigger over and over again as if something is going on and this isn't nothing going on but these buyers can't help themselves the banks had a good day too a fund called value act took a small position in the stock. kind of nutty. if anyone thinks value act is going to spark change, this is silly. where have these buyers been for

the last few weeks at the end of the day investors had been waiting for whatever president would do this market is stupid. it is just dumb. warren buffett said things were terrific the market cascaded down it has been a ritual of money losing up opening, buy, get killed, give up. in addition to being done, again, this market has no cognition or recall. we combine a total lack of knowledge. child like beliefs defense would have run going into the iran announcement and sold off badly at the end of the day. this market has become

difficult. it doesn't know how to discount news it is ridiculous but in all my years of investing and trading, i haven't seen buyers and sellers be faked out often they are assuming this market is much smarter than it really is this is a market made for people who feel, not people who think i don't want you to let your emotions rule. you can ride out these and if you don't have it, you will be shaken out fine a stock you like, wait for the sell off and buy don't try to out think the action neal in louisiana. >> caller: how are you doing a question about camping world holding. total revenue increase of over

20%. yet they close down between 16% and 20% which is just a dollar north of our ipo price what is causing the huge discrepancy between the reality and the stock price themselves >> they didn't beat the estimates. they were below the estimates. in this market you have got to beat the estimates if you have any chance of getting the stock deal higher. you have to understand that you have to beat and raise and they did not do that. how about rick in michigan >> caller: booyah, mr. cramer. >> booyah. >> caller: abbvie. now, i do have a position and

normally i would think this would be positive. should i add to my position? >> actually i want you to ride this out 3.86% yield. if it comes below, you prawant boy it how about rajiv in new jersey. >> caller: my question is about commscope. their stock took a nose dive. >> that was a horrible, herb horrible, i mean they did terribly you have to stay away with these guys just so stupid, it makes all sorts of dumb moves. on "mad money" tonight

val yaent new name and ticker symbol i have the ceo could it be time to circle back to the likes of caterpillar, boeing, and united technologies? going off the charts to check it out. i will reveal the name when i sit down with 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 call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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has valeant got a real turn around going stock caught fire. for those of you who don't

remember, it is the big pharmaceutical role that nearly collapsed. down to $9 a little more than a year ago and management was replaced and now it is back to $19. also includes changing its name to bausch health companies not to its most famous brand bausch & lomb bausch made valeant. management, more importantly made a lot of progress selling off noncore businesses and used that to pay down a lot of debt on the balance sheets. let's check in with the chairman and ceo to get a better sense of the quarter. welcome back to "mad money." >> good to see you

you came on the show and you said you would start introducing new drugs that would move the needle. you have done the first two and tell us about the third. >> great quarter we exceeded our expectations now we have this new product lummify. it is a much better way to release the redness of the eye you don't get the rebound. we think it is going to be a really successful product. >> for those of us who use visine five or six times, it is a better answer? >> it is a much better answer. we are going to be promoting it to physicians and selling it

over-the-counter. >> you have a slide in your deck, and achieve blockbuster status first quarter of 2018, big. >> very big and we made some investment in this product what we did is when i got there, one of the first things i looked at is how are we doing with, brand new indication, irritable bowel syndrome that was an opportunity. we had to get our message out there. we found this product could be out promoted to primary care and up 49% in the quarter, strong performance and good efforts by our sales and marketing team we changed leadership. we needed a new leader and he has done a fantastic job. >> bausch is a story name. you want people to remember.

>> i think so. it is a 165-year-old company, baus bausch & lomb. bausch health is perfect it is not just a pharmaceutical company. they do contact lens and medical devices. this innovation is about what we are about in the future. i increased research and development this year by 15% because we firmly believe it is this new products that help us to improve our earnings and help us to continue to reduce the debt. >> your debt, almost all of it trades at a premium now and all of your dates of maturities were moved back a lot of room to spend more money and introduce more products. >> my ceo has done a fantastic

job and managing our debt. repaid $6.9 billion in debt. we still have 25 billion to go abo but we gave ourselves freedom to operate. grow those products to help patients to help improves their lives and that is what we think is going to help us drive the long-term sales value. >> double digit organic growth some of these were older brands. >> where are the growth drivers. the bausch & lomb is a growth driver, and together those represent 76% of our total business this quarter up 10% combined for

those two businesses combined, 76% of the business growing 10%. and as you said, for the very first time shown organic growth, first time since 2015. >> how much of it is online. >> especially for our over-the-counter business, our lummify, a lot of it is over-the-counter products are online we do very well with all of the retailers. >> congratulations i was a doubter, but you convinced me. i knew you had the growth to that is what you do. you deliver. joe papa soon to be known as the story name bausch health company stay alive. >> announcer: the stock is more than tripled over the last five years and cramer sits down with the ceo when "mad money"

returns.

so far this earning season has been a lot of hit or miss. big winners, like apples facebook, netflix and valeant. then you got some real misses and some of them are unusual see their stocks get demolish based on a line or two of the conference call. that is why caterpillar got clobbered. they described it as a high water mark they walked that comment back today. whatever it was too late. the damage done. boeing did great but it got hit

with a correction too and now facing a possible loss of a $17 billion order of iran air. or how about united technologies, this was the best one. but the stock roll over. inincredible quarter people worried this was the last good quarter could the pullbacks, in three big stocks represent buying opportunity? we did it with bob lang brilliant technician lang believes the selling in these former market darlings was pre mature to say the least. in his view, given you another fabulous buying opportunity. i don't know anyone else who thinks this. i could not find a soul and why does he like it? the numbers look good and the

technicals look good let's start with the daily charts let's start with caterpillar see, to make matters worst, when they reported a few weeks ago, they made the high water mark remark he believes if the stock can break out above 152, it could be smooth sailing right back to cat's resistant in the 160s. i like this because i don't know a soul who feels this is going to happen other than bob cat started bouncing still, when you look at the wins% r indicator, you can see cat still near the midpoint. the stock has more room to

bought there is the mac d this is important. it helps technicians to check changes before they happen just flash a buy signal yesterday. that is where the black line crosses over the red one and this tends to be a very reliable indicator. so i didn't see this coming but he did putting it all together, breaking it out. and coast to the 160s. that would be something. big cap del stock. how about the chart of boeing? boeing is real strong until late february when people started to worry about the possible fallout with escalating trade war. i think the prc could boycott this entire company and it wouldn't make that much of a difference the waiting list was too long. boeing got clobbered again when

it reported a couple of weeks ago. the stock is still 33 points from its high. according to lang, boeing is consolidating here that is all that is happening after its epic run on top of that, lang likes the stock bouncing on high volume. let's you know whether or not a move is telling the truth and this move is honest. now boeing is the best performance in aerospace at the moment although that is not saying much except for today for example, lockheed market, lmt reported fabulous beat and raise two weeks ago. yet its stock got depth while management boosted every other line item much stronger than anticipated. who honestly believes that defense contractor are a sale

now that president trump is pulling out the iran nuclear deal lang is betting that boeing will get the most attention because boeing has iran order that is in jeopardy and the other defense stock did run. we don't know how many days that is going to last right now boeing sits at 338 if it can break out at 345, lang thinks it could land back to its old highs, three seventies and beyond i see it going to 4000, but not in this time frame the last time lang told us to buy boeing, it was october of 2012 and i said i think he is right you know where the stock was 73 a year later, 130.

and now it is 338. do you trust lang on boeing? yeah me too the stock has never the less got hit. so what does lang think about this chart in his review, it is the baby that got thrown out with the industrial bath water. it did fall be low its 200-day and from lang's perspective, that is a meaningful negative. we also saw institutional buyers step in around 117 to 120. lang judges that by the big buy. and he thinks that is a floor. which is good because the stock is up above about a buck from those levels so went down here and crossed the 200-day which is negative

and bounced back which is terrific the rsi is an important momentum indicator and it bottomed last week and started turning higher. he believes this stock could be a real winner if it bugss through the ceiling at 126 it peaked last month, also where the 50-day moving day average at the moment as long as united technology is here in the low 120s, he is staying on the sidelines me, i like it here if you think the market was over reacting when it pushed caterpillar, the charts as interpreted by lang agrees with you. let's go to nicholas in florida. >> caller: booyah. nicholas from sunny boca raton,

florida. my father and grandfather worked for exxon, i purchased more at the highs and riding it at the highs and lows it is continuing to hold this stock worth while? >> yes the last growth wasn't good. but i would never get rid of exxon. at 4.2% yield, that is too cheap. understand it was a production that was down meaningfully and that is why that stock participated in the oil rally. ad in florida. >> caller: is it a good idea to have long-term party investment, such as equities like pfizer.

>> i prefer merck to pfizer. just keep reinvesting the dividends, the best way to make a lot of money bob in california. >> caller: hey, cramer, how you doing. wondering about cisco, you see a merger coming up >> no merger just great earnings and i think chuck robbins is doing a remarkable job the stock is a buy i love the fact that they bought amy chang's company. earning season has been hit or miss if you think the market overreacted to the down side on cat, boeing and united technologies, the charts according to bob lang says it can go higher. much more ahead. room for optimism when it comes

to the stock of general electric don't make a move before you hear my take and tonight the "lightning round. stick with cramer. let's get started. show of hands. who wants customizable options chains? ones that make it fast and easy to analyze and take action? how about some of the lowest options fees?

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this is a treat. let me introduce you to one of the best companies you have never heard of broad ridge national solutions the financial technologies business that was spun off company has been taking share and taking names ever since. the stock gaining 320% over the past five years. these guys can help you transform your business. they help banks become more efficient. better engagement with their

clients. and company reported excellent quarter this morning higher than expected revenues of 6% year-over-year. can it keep climbing let's take a closer look at the company with rich daly welcome to m"mad money." >> great to be here. >> if you can tell people how your company has had an astounding 300% gain when the market did nothing. >> well, first of all, we are in great space. we are trusted, emphasis on trust. we have two great businesses a governance business, capital

market financial business. through those two businesses, the opportunity to grow on wealth management as well as asset management do a little over 4 billion in revenue right now. the addressable market today is 40 billion so the best is yet to come. >> just in terms of the number of trades that you supervise, the numbers are rare large >> so in our capital market solution business, we participate in 6 trillion a day. >> that's, when i was reading that, i said how can i not know you guys. >> we are behind the scenes player we are the technology for 18 of the 23 primary dealers right now. in the communication segment, we process the majority of meetings in every angle meeting across the globe. i am talking about 100 companies. in the u.s. or north america

over 80% everywhere else in the growth over 50% of the shares. >> and how about proxy some of them you think you can advise better. >> we are the honest broker. advise is a different word we don't care who wins or loses, we care it is right. we strongly believe that critical proxy process, if they use the standards and technologies that we use, we would be far better off and wouldn't wind up in snakes pits or other horrible places in the end. >> it got ugly. >> that is absolutely correct. >> your company more than any other company that i looked into, believes in the retail investor the people who watch this show, you care. >> jim, my career started with the proxy business in an extra

bedroom, it is retail investors that make that business meaningful the first message i have for your listeners is they matter. they decided the outcome in p and g and in dupont. companies management cares what retail investors think retail investors make up one third of the ownership of the u.s. market, the north american market one third. they are only voting at about 30% slightly less. their voice needs to be heard. technology is going to be the answer we invented telephone voting, w have online voting you can get your proxy here. it doesn't matter who your broker is. go to proxyvote.com and you can

vote in three clicks. >> we had these big proxy fights and we have to get you to show people what to do. we have a huge number of retail investors and you are the only person coming on the show and show then the technology so they can play a role. >> absolutely. technology is the answer to everything we do at broadridge. >> i am stunned. it hit me. this is it when we have people who want to do these proxy ballots, and they don't know how to do it. and you do you can help them. >> there is an entire industry out there to cause confusion in these battles. at broadridge investing in technology is something that we consistently do. we talked about in our call today and overall we invested

heavily in technology whether it would be in digital technology for retail investors, whether it is in proxy mobile technology, blockchain, ai, cloud communication. >> rich daly, ceo of broadridge communications he cares about your voice. "mad money" back after the break. i'm not a bigwig. or a c-anything-o. but i've got an idea sir. get domo. it'll connect us to everything that's going on in the company. get it for jean who's always cold. for the sales team, it and the warehouse crew. give us the data we need. in one place, anywhere we need it. help us do our jobs better. with domo we can run this place together. well that's that's your job i guess. ♪

>> 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." start with andrew in new jersey. >> caller: hey, jim, how are you doing? >> well, how about you. >> caller: i watch you everyday and you are great. with t-mobile merging with sprint, should i buy t mobile? >> yes, for $55 that is ridiculous joyce in california. >> caller: hi, jim, thank you so much for taking my call. >> quite welcome.

>> caller: my question skechers, i have had it for little over three years and i am wondering if i should hang on to it? >> last quarter has been quite bad. but i am not venturing into that one. les in virginia. >> caller: is philip morris a hold. >> this is now a value trap at 5% not touching it. bertie in kentucky. >> caller: i have a question about key corp i think it is a dog. >> i like collin frost more. and first horizon more gary in texas. >> caller: booyah, jim gary from the heart of the

basin. mazor. doing good and now it is dragging. >> i am going to say intuitive surgical is the one i want to be in carlos in illinois. >> caller: chicago land booyah my stock is aes. >> that busineizarre conglomera is doing well. i say buy it max in new jersey. >> caller: booyah. love your show pick your brain in cnx production. >> they have come back and i think they are good to go. little too much natural gas, so don't get too excited dennis in

michigan. >> caller: thanks for all you do for us question is western digital. your thoughts? >> it is so darn low i can't tell you to sell it. i know that flash is rolling over though. i can't tell you to sell it. i just can't i can't tell you to sell at 77 that is where i am on that thing. ryan in new jersey. >> caller: jim, what is your opinion on frbk. >> i love vernon i think that would be a good situation. i would be a buyer down too low let's take another steve in oklahoma. >> caller: booyah. love your show and want to compliment you on your unique

blend talk to you about ciena. >> having such a good quarter. and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is sponsored by td ameritrade >> cramer's exclusive ceo interviews full episodes, analysis and even your sound boards. rules and techniques to break down the market for all investors. >> the red flag that makes you drop a flag immediately -- it is everything you need when you need it. the new madmoney@cnbc.co well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool?

eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade but as it grew bigger and bigger,ness. 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?

. has general electric bottomed the stock has been clinging. there is a room for a tad bit of optimism why do i think ge could be done going down when the biggest bears seem to be doubling down with their negativity. let's go business line by business line. first, we have to start with aerospace. nobody has ever doubted the company's jet engines. i keep arguing that some bear argued

no one is willing to go there. business is strong here. ge did build america's first engine and has the gear turbo fan engine its engine power two to three every departure. how about health care? john flannerry came from the health care business the wall street journal did record ongoing talks here. if this is true, it changes it into its favor and look, the best acquire in the sector, maybe that was just

an opening bid if ge was in trouble, they probably would have taken the deal as we heard from every single railroad operator, there is not a demand for lock motives. now, the the piece of resistance i am willing to entertain the notion of a bottom look, i know oil has gotten overheated with crude at 69 bucks a barrel, the equation has changed. got a public stub. the saudis and the russians are in control here. that is going to put a floor under oil which means ge should have no trouble finding buyers for pieces of baker use. police lose that stupid name,

ge i thought ge would be once again stuck buying high and selling low. pretty storied let's say agglomeration. there is just not nearly enough demand for their natural gas power plant going forward. else som is the many reason the bears are sticking to their guns the mortgage business is so bad, long-term care i hope those are done. the price of oil up. natural gas prices through the floor. hope springs eternal for ge power. i understand the bear thesis the bears need to wrap their heads around ge.

geo p geo politics is now giving flanery a huge break if he doesn't, frankly, that is inconceivable to me. but then, again, inconceivable was the province of flanery's predecessor, not flanery himself. stick with cramer.

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let's be obvious that is the theme of tonight's show an obvious oil stock, how about general electric because oil stocks are going higher entertain the idea of buying chevron or schlumberger. i suggest you buy raytheon still way too low. lockheed martin will work. defense and oil because of what is going on in the middle east normally i would say that is way too stupid but not in this market in this market, it is just right. 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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