that one >> chairwoman. >> retailers surviving so as foot locker. >> snap, i i am melissa lee, thanks for watching a sid 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. can a rally be led by just two stocks micron and macy's?

can a semiconductor company and retailer spur a nice advance today the answer is yes because of the incredible pin action these two companies bring you the stock plays vm many of us thought today was going to be a down day sometimes you have these big picture macroconcern days and that is all that concerns stock. a dead end in the trade talks with the chinese other times though, there is a vacuum of information. in this situation we can -- that

they can give us tremendous pin action and of course we only care about what they say, if they are telling us something that goes against the grain. that is micron and macy's to a tee. as a prominent analyst just slapped a sell recommendation in last week. macy's because it is a highly visible department store chain that carries a lot of merchandise. consider micron. it is one of the cheapest stocks in the entire s&p 500. so when pricing gets strong, people assume that competitors will come in and open a ton of new plans and quickly fund the

market with two supply i get it d r.a.m. and flash have behaved like told commodities in the past plus there has never been a lot of discipline among the d ram of flash memory makers. stocks like micron can never get a decent price to rise multiple. nobody wants to pay a premium multiple for that kind of business and of course, anyone who says this time is different, gets laughed off the stage because investors have lost so much money believing that about micron over the years.

let me put it another way. micron has $13 of earning power when things are going right, and $2 of earn power when things are going wrong. it might be trading 28 times earnings if competitors add new capacity micron's last quarter was this thing of beauty. a true blow out. with d rams in short supply and flash. soon be enough new semiconductor in the system to cause flash and d ram pricing to go up so what happened the stock got obliterated. told us, repeatedly, these modern day chips change a lot since the old days

far more complex you can't just build a new plant and pump out additional supplies these are no longer commoditized they are now secular growth stories. today, rbc capital issues a buy. saying that the fears are overblown and time to buy the stock. they gave it an $80 target at the same time missulo cold you to get ready for micron's analyst meeting next week. now it is coming back because of the analyst meeting. western digital got a huge boost today. analog devices, they took off. as i said many times, the

semiconductors are a powerful leadership group and today they took say rightful leader up front. how about the chain known as macy's holy cow was this an important quarter. we got a shocking report from an analyst at morgan stanley. i quote the underlying deteration she trashed macy's and i trashed her report not only is there no deterioration. ceo one of move faves is executing one of the most

exciting turn arounds i have ever seen. stock had plunged to $18 at times supported higher than 7% yield macy's is up 10% today macy's embraced technology, cashier checkout got the same-store sales up 4.2% still, even that lower number is much much better than people expected and on top of that, management raised the guidance. all regions experienced the pick up, handbags, sleep wear, skin care, active wear. think of all the pin action

here obviously brick and mortar retail is better than we think nike and under armour. good news across the board even for retailers in different categories i certainly feel better about home depot weather related miss after hearing from macy's. private label. i think the analysts haven't been able to model the intangible things are pretty darn good out there to have all of these stores in all of these regions doing superbly the bottom line, micron and macy's, nothing in common except written off by the nay sayers

and rallied. chris in california. >> caller: hello, mr. cramer, this is chris from california. i would like to say a big thank you for all you have done for us my stock is boston scientific, what do you think about the claim made on 60 minutes last sunday >> i have got to tell you, i think boston scientific is a great company. and i am sticking by it. jim in arizona. >> caller: mr. cramer, thank you for taking my car about len nar. the street lists it to buy i bought it at 62. now i am paying the price. i believe it is a great company.

>> it is a fabulous company, people can't seem to believe there is anything else that matters other than interest rates. i think it is a buy. i think that is a mistake, i would not sell it here >> caller: booyah. as a client of discover financial, i am blown away by the customer service of both the credit card and banking units. they innovate with services such as the new fee forgiveness program. competitors like jpmorgan trade at 12 times. >> i remember bumping into management years ago up in boston and say what i am about to say to you. why is your stock going so cheap versus visa and mastercard

and the answer is wrong. these companies caused incredible pin action. on "mad money" tonight, monthly downloads of square. i will talk to the ceo of paypal and it is a company that shares roughly 35% year per day is there more upside today i am sitting down with the ceo of pav low software. >> 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.

welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com

remarkable run last year with a stock up nearly 9%. online kingpin has mostly been marking time earlier today i got a chance to check to john rainy. >> john, you have a really big analyst day, i would like it know what are the themes you are going to go over one is after our last quarter call, there was a bit of noise in the market around our relationship of e-bay. hoping to address and allay any concerns we are also blessed with a good balance sheet. continue to grow at the rate of a couple of years. >> as a cfo.

you understand not talked about enough. there is an opportunity to do acquisitions and buy back even more stock when we look at our cash generation, we start there generating free cash flow margins that are 20-25%. we have the sell -- with with that backdrop. there is a lot of opportunities to go out there and target companies that are complimentary to our platforms you should expect to see us be more active in both. we know the separation in noise with e-bay there is a presumption that you guys are enemies and bad will.

and i am getting the opposite view when i speak to people in your organization. and suggest to you that there has to be a lot of opportunities that you can't take advantage of because of the current agreement. >> that is exactly correct let me start with the fact that we have an excellent relationship with e-bay. as we look at transitioning to the next chapter after the existing operating ends, we have felt good about it so if you look at the average revenue growth of 87% of our business since separation from e-bay, it has grown 23%. the e-bay part of our business, grown 4% we have announced an agreement with e-bay where we will extend the branded payment button

to your point, the next chapter allows us to go partner with other marketplaces in a way we haven't been before. >> it is possible those additional new partnerships could be greater earnings of share. >> so just if you look at our top ten marketplaces other than e-bay today, it represents tens of billions of dollars they are growing at a rate of 50% of average >> why do you think that so many people feel that amazon must win if they come into your category, because even though amazon is unique in terms of how powerful it is, it is powerful because it destroys retailers why would a retailer would partner with them, giving them their valuable information versus pick up. >> i think we should acknowledge the fact that probably every board room in america is talking about amazon and the impact of

our business if you are losing your business to amazon, curious why you would want to let them come in and process your payments and have access to that important information. we want to continue to power commerce for the other in the world. >> venmo needs to be careful because square cash. what do you think? >> we are exceptionally excited about venmo and how it is tracking right now it is different than other apps. it contains a social feed. can and they place a value on experiences. something like 90% of all transactions on venmo where people are sharing their

experiences with one another effectively word of mouth advertising. >> including emojis. okay you have an ethos. and the it is to help unbanked how big is that market and number two >> so you are exactly right. we have a vision of demo democratizing. 70 % of them have a mobile device allow them to join the world of ecommerce and shop online. >> how do you get to those people >> one of the things we did last

year is launched domestic india. if you are going it be a global payment player you have to have a footprint. so we are very excited about the launch. >> i know walmart would agree with you let me ask, i know you watch the show, but gambling and paypal. >> yes. >> possible? >> we allow that for certain merchants today where it is legalized. we are watching it closely, and if that is what our merchants and consumers want to do and do it in a legal way. >> how about if you could translate crypto immediately into dollars, wouldn't you want to be at that cash register. so with our brain tree part of our platform, we are one of the

first companies to allow mrc merchants to accept cryptocurrency years ago if you are a merchant and have 10% margins on a product you sell and accept bitcoin and the very next day it moves 15%, you are now under water on that transaction. so right now, we don't see a lot of interest from our merchants but if it is something that stabilizes from the future, then we will support that >> one last question why do you think, i have may reasons but why do you think that paypal has to play defense. >> we compete in a lot of different areas so not only do we have a branded payment button but we do unbranded process. so there is competition coming from every area and what i don't think is commonly understood is

the competitive mode that exists with the strong two-sided network. you can have something that appeals to consumers, but if merchants don't accept it, it is of little value and vice versa as well. >> i look forward to the may 24. thank you very much. >> appreciate it 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. what's in your wallet?

welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com for most of this year, few groups were stronger than the defense contract while the overall market lost ground later on in the first quarter, the big arms dealers, kept climbing. and it made sense.

why would congress recently prove mass budget for the pentagon the trump administration has gone all over the world to sell military hardware to our allies. and when the major defense contractors reported earlier this season. the three largest pure play american defense contractors, their stocks just got obliterated. even if their numbers were, i would say most of them pretty strong since then, they bounce offer the lowest levels. as president trump pulled out of the iran nuclear deal and now critical tensions across the middle east. however, the whole group is still down substantially from its highs. some of these are down year-to-date despite what i would consider to be phenomenal performance. what happened here with the defense stocks

taken out back and shot or did they merely take a breather before beginning their next leg higher should we view the stocks of lockheed, raytheon and nor thereupon grumman as buys? or is there some reason to steer clear of this red hot cohort lockheed martin makes the joint fighter. they have also got a big helicopter business and a booming missile and fire control business think radar and sensors, not to mention anti-missile services and drone aircraft as for raytheon, a reputation for being a super high defense

contractor integration, sensors, missiles, space and airborne missiles. whenever we make a deal to sell patriot missiles to our allies, that is raytheon so let's talk about the trajectory here. even with the recent pull back, these gigantic defense contractsers have been serious outperformers since donald trump won the election that is about the only thing the gop loves to spend money on besides tax cuts so grumman is up 39% and raytheon is up 53% during that period, the s&p 500 gains 20%.

major beneficiaries. which has been a real boom for the profitability. let's say it has been stopped in itstracks. the stocks of lockheed and northrop grumman down about 20% from its highs why were these stocks surging in april and quickly give up the ghost at the end of the month. the president ordered a missile strike on syria. and fretting that this would lead to a long conflict. as it turned out the missiles were a one-off development. if you assume these companies would get more business because of increased involvement in syria, you assumed wrong these stocks had run going into earning season and not for the right reason even if the actual numbers on

the surface pretty darn good because it was nit-picking that suddenly became so important a difficult reporting for these guys consider lockheed martin to start. stock took off before the conference call. and then it quickly gave back all of those gains and then some and finished down 6% how the heck did that happen some of the conference call comments made investors uncomfortable. saying it was too soon to tell if all of this military spending with generate interest growth. even though they raised its earning forecast, that is what upset people and i mean, doesn't it sound

like ridiculous nit-picking? i think so when that happens, even small things can derail the stock. itdidn't help that lockheed reported on the same day that caterpillar made the inane inaccurate remark. miserable action, lockheed, the market got skeptical about all of the defense stock so when ndown 2.6%. thanks to the pin action from lockheed martin. it was just hideous. hammering about martin, and how most of the earnings canme from lower than expected tax rate defense attitude the day after that, we heard from the one that took my breath

away, and i think it is important that we spend time on this we heard from raytheon and they go over to more modest top and bottom b the stock was in the early market way up. and i said, oh, gee, action alert, we got the right one. but then it sold off hard. came in a bit weaker than expected but the four-year numbers are strong remember, this had been the best performer. no credit from the good and everybody freaks out about the bad. i went over this call again and again. i simply did not see why the stocks would just strip the gains. on april 26, we got the big push against north korea and south korea. and if one of the things defense hates is peace talks

so where do i come down on this group now the stocks have come down and kim jong-un is making noises about pulling out of the peace talks, here is the thing, we know these stocks are doing extremely well all three companies were fairly conservative about what this budget might mean for its business which to me suggests this stuff isn't baked into their stock here stocks do get cheaper if they are these company. and all of these three boys are selling down at astoundingly low. if you like lockheed martin, nor thereup grumman and raython. and we know that the u.s. and our allies are spending a fortune on military contracts.

i like raytheon, the most. but a solid case for owning all three. quinton in texas. >> caller: what is going on, my man? >> i think there are attractive things, instead of take two interactive which is down 5% let me help. >>. >> caller: i am calling about luv southwest. interest coverage of 35. boost a little bit but stuck in the low 50s why is it not in your bullpen and will oil push it lower >> you raise a great point it should be in the bullpen. we had a great trade before. and come down below where we

liked it buy, buy, buy. i am going to suggest that we add this one how smart are our viewers? brilliant. and soon, and also the airline came down so much, they are right to buy and southwest is the best. gary kelly doing a good job. it is time to get defense. there is a case for all of it. much more "mad money" ahead. including companies that works with the likes of google, amazon is it time to work with pavlo software and tonight's edition of the "lightning round." stick with cramer. duncan just protected his family

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we keep talking about the continued strength of the cloud here on "mad money." there is another aspect of the story that i like. the rise of data analytics of course a lot of computers

too, all over the place. you need really powerful software to figure out what that data is. which preebrings me to one of my favorite players t tableau software they rolled out a product that helps cut down the amount of time give users access to much bigger set of the company software. at different prices and that is important. while the stock is giving up some performance up nearly 35% year-to-date 60% last year, it is a pull back of three points. so let's take a closer look with

ad adam selipsky. congratulations. every since you came over from amazon web services, it has become a journey >> we help people see and understand data. and that is it >> in order to do that according to a harvard business study. don't we have to flip that >> exactly a big part of the mission is going to help invert the ratio before they can even do the analysis on it that is why we release this new product, tableau >> is a lot of people are saying, well, we have a lot of these data analytics products and they are all different i would like to pick an example

you say what you do for them what do you do for schwab? >> the amazing thing is now 50% of schwab employees use tableau on a daily basis obviously a lot of the financial planners also a lot of back office functions, it is used for customer acquisition, throughout the firm and they are one of the early beta customers of our new tableau prep product their early results are showing that they are cutting 50% out of time hours per week for an analyst. >> how is that possible. we all have data and put it in and try to figure out, where is that delta where the time goes down. >> a lot of people just not

using, most people not using sophisticated data tools and trying to get it ready and hope it is good enough to get analysis on. so with tableau prep, we have taken that easy to use and formula and applied it over to analytics data prep. we used a lot of sophisticated algorithms and have things identify you want to combine those fields or capital m, or capital y is the same those are simple examples. we get a lot more complicated ones and very easily with a right click ar monniharmonize all of data >> you came from amazon web services i mean you were in charge of marketing, sales, business developments, and pretty much

everything why can't amazon just do what you are doing and then if i use amazon web services i don't need tableau. >> aws is a great partner. a lot of them now wanted to play in the public cloud. so we work well with aws, azur, and google and we have our own management service offering it is going to be a transition over years for the cloud and one of the advantages that we offer customers is allow them to deploy in all of those places. >> a lot of people are suspicious when i say we are early. you have been early, early i think i am pretty accurate when i say this is an early adoption a lot of people still have this

stuff active prem milise. >> i agree with that you are talking about decades and decades of it done on premise. even though the cloud has become a huge business, it is going to take time for all of that to move over. and i think that some people say hey, we are going to be cloud vendor, and other people said we are pretty much on premises. and prepared to do the extra work to let people do analytics any time we want to. >> i am so thrilled that you have, i think turned the company around and i remember that gigantic day when you guys and linked fell. and boy, have you made this thing rights this company is in the sweet stock of all the world we talk about every night. "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 olag in new york. >> caller: booyah. i have a quick question about johnson & johnson. i like j and j let's go to john. >> caller: booyah. is this stock a buy? pure storage. >> yeah, it is it is one of the ones i should have on. smart management, i like them very much. let's go to tom in north carolina. >> caller: booyah from north carolina my question is regarding gulf port oil energy stock. >> not high enough quality a lot of high quality stocks in that group you are way down the food chain.

buy schlumberger >> caller: my stock is facebook fl. >> fl is foot locker, not facebook okay i think foot locker is good. i like nike. robert in tennessee. >> caller: thank you, jim, great job. >> thank you i like to have your take on nsp. >> this thing is a horse an insurance company that never seems to quit. and we have been recommending it for i don't know, ages how about perry in florida. >> caller: what are your thoughts on lkq? would you be a buyer after this recent big drop? >> we like this company. and it has become clocked.

it is down 24% this is one that we have got to figure out what the heck happened dave in wisconsin. >> caller: booyah. jim. what is your opinion of preferred apartment facility. >> don't like that 7% yield. ixnay. charles in california. >> caller: booyah, mr. cramer. stock is sirus technology, logic technology. >> we are not recommending the component players that go into apple right now. just too hard. sandra in new york. >> caller: hey, how are you. wanted to get your input on fro, front line >> i have never liked large cruise carriers.

not going to change my mind on those. and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is sponsored by td ameritrade 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 you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade.

this market has so many stories that keep being framed the same darn way. heads the bears win. tails the bulls lose you name it. and i am sick of it. when was the last time you read

a positive story whether they are going up or down, they are used to frighten you the investors. let's start with u.s. treasuries how many times have you read because of trade tensions, the chinese will be most likely sellers of our bonds tons of them to finance the gigantic budget deficit. we were told that china was holding our whole economy hostage. how many did the chinese bury with us? i mean they cost us, right turns out china doesn't mean squat. >> yet this whole story turned out to be patently false honestly, it was silly china loves to buy u.s. treasury

bonds. no one seems to care none of the pundits who pushed this argument eats crow. now we have a story of how we yield on a 30 year treasury dangerously close. now the fear is that some of them are too low every time i read one of these stories, it was as though it was designed to freak you out. to make you panic. we don't know why because who the heck would be so stupid to buy the 30-year-old with such a low yield. makes no sense whatsoever. so hard to conclude anything negative for all we know, that is just money from europe. and why not, the italian tenor is at 2% since low t2,000 lev. what does that tell us

and it finished at 1,257, big deal i guess away are supposed to sell stocks because we are back to 2011 rates. what about oil is it going to crimp consumer spending maybe, but the issue is that we have very little increase in spending the average american should get about $1,600 in the recent tax cut. and that much more, that is much more, honestly, think about it that we are going it spend in higher gas pricesment entire states that are booming because the price of natural gas is formed through the floor creating tons of jobs as manufacturers. lowest in the world. but that almost never gets reported because it is really

positive now, i will admit there are competitive disadvantages to a strong dollar, but worth pointing out that the dollar is still weaker now versus euro so should you sell stocks because the dollar hit a five-month high? nah. it is so easy to scare you and so hard to set you at ease we are up a lot but only because they run so much not because of these boegus, negative stories stick with cramer. put down the phone. and if that's not enough, we'll look after your every cent. grab your wallet. (beeping sound) (computer voice) access denied. and if that's still not enough to help you save... oh the new one! we'll bring out the dogs. mush! (dogs barking) the old one's just fine! we'll do anything, seriously anything, to help our customers. thanks. ally. do it right.

welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com i just want to congratulate the great team at macy's that has turned that stock and that company around and i think it is for real 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." ♪ who believe they have a solution to a problem faced by millions of americans. ♪ my name is kevin kiernan... and i'm melissa kiernan. and we're from waldwick, new jersey. every morning, i come outside, and there's garbage all over the place. so i finally put my husband, who's mr. fix-it, to the test,