>> lennar. i'm buying, steve. lennar. >> steve >> alibaba buy it stay long it. >> karen, good luck or footlocker. >> disney. plenty of time now >> by the way, lennar is up 2.5% after hours. messa lee. thanks for watching. melissa ler watching see you back here tomorrow at 5:00 for mar fast. "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. i know it sounds strange, but the stock market is having a real hard time evaluating anything, anything at all. and putting a dollar amount on it every day this plays out,

including today. the dow lost 75 points s&p 500 declined .12%. the nasdaq .02%. it's driving me crazy. this morning, our market opened down badly because the japanese and european markets were dramatically lower makes sense? not in the least japan and europe are dominated by the automakers. last night president trump announced he is considering a tariff for automotive imports from japan and europe. perhaps as high as 25% that's terrible for their car companies and translates into serious pain for their stock markets. is it painful for us it's true it could be inflationary but it helps out our automakers. for the and g.m. how is it people we could open down almost as much as europe and japan when it is a zero sum situation. their car companies lose, ours win. sure enough, buyers come in

snapping up stocks that were marketed down incorrectly by what i call the copycat traders, almost as bad as the pajama traders. you don't sell our market just because their markets are falling. ever since donald trump was elected president it made little sense to do so given how ago antagonistic he is to our partners of course no sooner do we start to bounce when we learn that president trump is cancelling the summit with north korea. not long ago we were talking about the president winning the nobel peas prize for these talks. now he is back to being confrontational. so the whole market gets hit based on worries that a nuclear war got more likely. the dow swiftly loses more than 250 points once again, though, the sellers come to their senses, perhaps recognizing that unlike -- unlike billy in the predator, we

are not all gonna die. people take advantage of the weakness to do some buying and we end up bouncing off the lows and almost going back the even how does this play out on individual stocks you say or might ask? okay the other day we had micron, not the guy from france, the stock micron's ceo sanjay on the show here in person and he told one of the best stories i have heard in ages i have basketball do show for ages he plans to buy back 15% of the can be because he's convinced the stock is incredibly undervalued. i get it it sells for a little more than five times earnings it is a buy, buy, wi. every since he told us about the buyback after preannouncing higher than expected numbers the stock has been on a roll that is until this morning when micron starts getting down it got hit by the auto news about the tariffs.

talking about a roller coaster >> buy. >> sell. >> buy. >> sell. >> it's valued correctly, incorrectly, incorrect me, correctly again all in then spa of a couple of hours you can make this stuff up the only thing that makes sense is that there is an emotional kpoen on the to trading that makes it hard for people to think straight even up here. let me tell you something. micron remains a buy now we see this stuff play out in different ways in different days and it always astound me. let's take last thursday thursday night nordstrom the department store chain reported a not so hot number. oaths let's call it like it is i expected the stock don to be down $3 and run a bit this the quarter. after reading the release and listening to the conference call i said maybe it goes to 47 before bouncing a bit. you know what? i mean, no instead it falls from 51 to 45 45 as if nordstrom would never come back great balance sheet. if that happens.

at that price the family can swoop in and steal the stock at 50 which is what they wanted to pay before a special committee said it wouldn't be fair it was nuts. nuts made worse by the fact when you get a dramatic decline from the stock from the get-go it almost always closes at the absolute low of the day because brokers work large institutional orders and try to get a good afternoon price for their sellers. the best way to ensure that you get a good average price is work the order all day then sell that last part down hard so the stock closes at its low, which is therefore automatically worse than what the customer got on the blended sell order price brilliant. watch this it happens all the time. nordstrom stock regained nearly four of those points it fell for the wrong reasons. what a colossal buying tune for those how can resist the pang. the problem is, almost no one can. it's just such an emotional and

silly market now look, the same thing happened with cole's remember we visited coal's recently, we got coal's cash i but a a lot of gold toe socks. i got a lot of good nike clothes too i work out in them they reported a dramatic upside surprise so huge it sent the stock from 64 to 69 then management stripped on a one time pop to its same store sales because of a friends and family sale. if you backed out that special time same store sales were at the low end of expectations. in response the stock went from 69 to 60 nine points. it's back to where it started at 64 and change of it's like the quarter was a none each. which it was traders let their emotions rule and once again it closed at the low of the session because of the way i described how brokers work in order to be able to knock the stock down at the end of the day to say look i did better than the closing price. i want to get away from the

emotional misvaluations. i have been hearing and reading how netflix is rivaling the size of disney. at one point in the session netflix surpassed disney to me this comparison is as fat youous as one drawn by a reporter who asked babe ruth how he made more money than the president. his response, what has hoover have to do with it besides i had a better year than he did what does netflix have to do with disney. ostensibly they are entertainment companies but that's not how wall street portfolio managers look at it. disney is treated as traditional entertainment play netflix is in a whole class of its own. the highest growth cohort. okay and it happens to be in the entertainment business but it's in the highest growth cohort it's not in the media category it's just something totally

different. wholly different from another company that makes movies. so i want you to think of it like this. think of netflix as one of those stocks like amazon that can only be valued on its future prospects because the growth is so stunning. now if the growth runs out or slows down believe me that valuation will be crushed more heavily than disney could ever go done. in reality the opposite is occurring. netflix is expanding ever faster into new, ma if you want a fund that only likes the highest growth stocks and you think it deserve as higher capitalization than disney because it grows fast he. that's how they think but the skeptics don't misvalue disney because they are emotional, it's because they don't understand this concept of a different cohort from an entertainment company. it is a separate group, people a separate sector. highest growth company here's the bottom line, don't be so quick to question a high quality stock when mlgt is great like the management of fang for example. it just might be right but short-term rough it's so

wrong so often it is a wonder we even bother paying attention to it other than to point out instant anomalies that hopefully, hopefully you can jump on to get some good entry points let's start the questioning with charles in california. charles. >> caller: hello jim i would like to ask you about china mobile limited they are china's largest telecommunications company with over 800 million customers and they are actively pursuing trying to get a 5g network up and running before the major telecom companies even in the u.s. are trying to they appear to be a strong and stable company that no one really talks about over here do you believe that they would be a good company to invest in for the long haul? >> the stock has been unchanged for approximate seven years. it had a spike up but then it was repealed i do not care for this company i will reiterate that i like alibaba,ed by you and baozun and those are my three for three in china i will probably reject everything else.

i have done a lot of work on the stocks over there. i don't like china mobile. sammy in california. >> caller: with the line's meteoric rise in the last months how do you expect the key patented that previously insulated them will impact them. >> they had an analyst meeting, everybody loved it this question was addressed and answered repeatedly and the buyers came away and took the stock up further because it looks like the business is more unassailable than you just made of the out to be i like being critical. that was good to be critical let's go to marry beth in ohio >> caller: booyah, jim, from the queen city longtime listener, action alert plus member, and first time caller. >> excelan. >> caller: jim i want to thank you and your staff for logical insights and sound advice in an inlogical world. >> true. >> caller: my question concerns advi they have a offer to of purchase up to 7.5 billion shares at a minimum prize of $99 a share,

maximum $114 a share it had been bouncing around 106. today it was down 102. >> right. >> >> caller: what do you think? should i tender my stock to the offering or hold -- >> i'm going the tell you to hold it was downgraded from conviction buy to buy at goldman. the analyst is good. abbey is excellent thank you for being a member of the action alert plus.com club he i like advent more than abbey. but they are doing well. hold on to it. that conviction you are the had it badly wrong the me longer term upward stock trajectories are often correct when management is great aim he going to talk to the ceo after earnings then a company capitalizing on trends taking place in the field. your phone and maybe even in your garage. i have alerted you to it once

before but i'll tell you if this play is still good to go. plus it is a company focused on the future of food and earned a spot on cnbc's sixth annual disrupter off list indigo agriculture you will want to buy it. but you can't. it's private stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send us an e-mail at madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something go to madmoney.cnbc.com.

>> he you have got to like a stock that steadily works its way higher year after year without making much fuss inthieuity, the parent company of turbo tax and quickbooks, and mint the latter being a personal fan set. this software for book keeping and filing taxes has been froeing steadily for ages as part of the digitization of everything no wonder the company keeps

reporting strong results and the stock keeps climbing five years ago it was at 60. now it's 197 up over 20% yaoer the date on top of 40% in 2017. inthieuity continues to deliver. the company reported last night and gave us a nice top and bottom line. with management raising their full year revenue guidance at this point the question is whether the stock has run too much or whether it has more ahead. let's check in with brad smith, the chair nba and ceo of inthieuity to get a better sense of the quarter and where the company is headed. mr. smith welcome back to "mad money." >> hey jim, thanks for having me back. >> brad you did it again this one may have been special you had some incredible accelerated revenue growth what were some of the components that shined in your mind, from your point of view >> thank you jim first of all i think this was very special the team did a great jobess. this was a crazy year. the government passed the tax

legislation late the irs opened up for business late as a result we had to got our product ready. they got out there, they produced a killer product. we picked up market share. we grew the category and we delivered results that were 15% revenue growth versus guidance of 7% to 9%. it was a good year for our tax business into we had to talk about that because there were people on the conference call who were in disbelief. some thought i ought thought it was going to be 10 or 11 but you gave a slow guidance but this was organic demand, correct? >> absolutely. we saw an opportunity in the do-it-yourself space and this year we launched turbo tax live for those tens of millions of people who have a nagging question in their mind to touch a screen and have access to a tax pro and have this pro show up at their convenience. we saw that accelerate our category growth and triple our

average revenue per customer for that particular product is that there was a skein of thought which said next yearing go to be easier, people are going to be doing standard deductions, they won't need you as much but you parried that by talking about another product, rye >> yes that's right that is turbo tax live the reality is in the u.s. about 155 million people file taxes. 90 million of them go to a tax store or a cpa with tax simple fix more of them are going to have confidence that maybe they can file their taxes on their own at a much lower cost now that we introduced turbo tax live they don't have to worry about being alone. they can touch screen, have a cpa come into the software and help them along. wethink it is a huge catalyst for the category and for our company. >> you talk about people who still do spreadsheets manually there are still people who use a shoe box and there are actually who actually put pen to paper.

how many people are really still left who do that >> over 40% around the globe small businesses still rely on paper receipts they use spreadsheets, shoe boxes, anything they can do to try to get that out of the way so they can get back to doing what they love to do, running their business and serving their clients. it is a huge tune for us. >> now, this -- huge opportunity for news quickbooks on line, a staggering gain you had. how do people know about this? how do people -- the accountants must all be working for you, i have to feel. >> well, i think we work for the accountants. but the truth is it's really hard when an accountant receives a shoe box and the small business says sort this out for me the accountants are one of our absolute best ways of getting the word out on quickbooks on line other small business owners recommend it to others they say how do you deal with this stuff i don't want to focus on paying bills or sending incoo voices i simply want to build this

product or deliver this service. the way people learn about this product is word of mouth from other small businesses, from accountants or they go on line and do a google search and find our product at the top of the category. >> i can tell you as a measure isu customer even i can figure it out which says something because this isn't easy to do. brad smith is president and ceo of intuit. congratulations on a great quarter. >> thank you jim. >> the stock goes higher brad smith knows what he is doing. "mad money" is back after the break. coming up, the next frontier of innovation is happening down on the farm. is indigo agriculture the link in the food chain that farmers need to succeed? >> it's the only way to fundamentally change the economics for the farmer >> cramer is hungry to find out when "mad money" returns

what the heck is going on with the lithium stocks. for the last few years, anything with lithium exposure was red hot because we used so much of the stuff to make batteries, especially for electric cars that required vast quantities of the stuff. for example, in january of last year i started recommending the stock fmc, the food machinery court, a chemical company with a lot of agricultural exposure that also has a booming lithium division at the time the stock was at $58. by the end of 2017 it bolted to $94. yet when the calendar turned to 2018 it went into a free fall along with its closest competitor. in the first three months of the year the stock lost 19%. and the competitor down 27%. the crazy thing is that nearly every other commodity play was catching fire. now fmc has made a stunning comeback since april it recouped nearly

all of its earlier losses bouncing back to $88 it is like a see saw i think it's time to revisit fmc and explain exactly what went on at the end of the day it is a terrific story i like it more after today's sell of. it got hit hard down $2. it has two major divisions most of their sales come from agriculture. they make crop protection products like pesticides the company has a small but fast growing lithium business where they make the compounds you find in rechargeable devices, think rechargeable devices, cell phones and lap tops batteries for the red hot electric car business they use tons and tons of lithium. i love this comparison just to keep it in mind. the standard laptop needs about an ounce of lithium whereas a high quality electric car might require 100 pounds of it for the lithium business every

tesla that gets sold is worth 1600 lap tops. that's the kirk. years ago it sold it commodity chemical business to focus on propriety pridary products then they built up their agricultural business. last year they struck a land mark deal with due point they got the large part of dupont's crop protection business that they had to sell to get ready for the dow chemical merger. fmc gave them $1.2 billion along with their health and nutrition division fmc got insecticides and herbicides along with a research and development pipeline all for less than they would have had to pay if it weren't for the government that's one of the main reasons the stock caught fire last year. what went wrong earlier when the whole lithium group was poe laxed. everything lithium related was getting killed when the commodities were higher.

agriculture was on fire. the 15% of the company that was lithium was enough to weigh the whole stock down can you believe that let's go over what happened with lithium. there is quimica it is a chill aian miner that's the world's largest source of law lithium. it struck a deal with the regulators in january that requires them to expand production when you increase supply that puts downward pressure on pricing. over the next four days, fmc lost 8% of its value frank mitch our analyst from wells fargo describes it as de minimus, negligible, whatever euphemism you want to use for small, but the market wasn't having anything of it. investors turned so hostile on lithium that when fmc delivered a small top line miss and solid strong guidance the stock fell

4% as it was crushed going into the quarter. the next leg down came in the end of february when energian stanley reported that lithium couldwall fall by 27% by 2021. the problem? they don't think the electric vehicle market will grow fast enough to support the new supply coming out of chile. over the course of march the stock was crushed yet again for a variety of reasons market weakness, global trade tensions and weakness at tesla, which buys lots of lithium from its peak to its trough it lost 26% of its value. i know a lot of people freaked out and it was panic selling a lot of what i talked about at the top of the show. panic. since then the stock snapped back a big part of that is that it never should have been so low in the first place. even if the bears are right about lithium this is still merely 15% of the business and fmc is planning to spin off

its lithium division later this year when a stock is down 26% because of fears about just 15% of the company, you know the market is overreacting people were freaking out over lithium and forgetting that fmc is a really good crop protection company. on march 29th the company provided an update to the first quarter and full year guidance basically said that the quarter was going so well they had to raise their forecast n. particular the agriculture business is seeing strong demand although lithium is red hot, too. the stock ignited on the news and hasn't looked back since when the company reported first quarter results three weeks ago the numbers were better than the earlier forecasts. much better. the company delivered a monster 24 cent earnings beat off of a 1.60 base i. that wasn't the most extraordinary part fmc dramatically raised full year guidance and gave a great forecast for the neb quarter what could you want? the stock exploded higher right

up until the last few days it slipped $4 from its recent high why. because it has to do with macro worries caused by maybe the cancellation of the north korea summit, maybe because china bought a stake in the chemical company in the last few weeks. i'm glad it's down a little bit here you are getting a i abouting opportunity just in case you missed the incredible buying opportunity in march it's still down 10% from its all-time high in january despite the fact that the earnings look much better than they did when it hit that high analysts have been forced to raise their estimates. fmc is cheap of it's one of the least expensive stocks in the agriculture space and the lithium base it's selling for 13 times next year's earnings estimates. it is got a 15% long term growth rate if you can buy it at 13 times

untimes earnings with a 15% growth rate that's called a steal. it was crazy it sold off so hard in the first quarter i think the lithium fears were overblown. more importantly, this is a crop protection company with a lithium kicker the tail was wagging the dog i like fmc here. but honestly i hope people freak out about new lithium supply again and you get another chance to pick this thing up right in some serious unjustified weakness joe in new york. joe. >> caller: jim, how is it going? my question is on lac, lithium america. i like their joint partnership with sum, and i like how they have their lithium mine here in the home of the united states in nevada i bought some shares for myself. i'm only 23 years old. i'll toltsly bullish on the whole lithium play am i wasting my time what do you think? >> if you are bullish about lithium you should be owning society -- in chile.

i suggest you own the spin-off of fmc when that spin-off occurs both of those are much more let's say rigorous producers of lithium than lithium, he ma. it doesn't matter that you young i'm still going to put you in investor brief calvin in new jersey. >> caller: how are you doing >> i'm well. how about you? >> caller: excellent my question is about one of the largest electrical utility companies trading right now. as i understand it, ppl corp. is trading with a p/e of 13.9, 6% dividend, reported great q 1 numbers but is trading off of its all time lows and i think it's because of the administration reform tax laws >> what matters more is that that is now a growth area. i used to be a customerof them ppl yields six, as you say do you know what that means? >> buy, buy, buy. >> i'm a buyer let's go to steven in michigan

kd how are you doing jim doing well. >> caller: i am a tax bully in hillsdale, michigan, home of hillsdale college. >> there you go. >> caller: jim on october 213th show you recommended lkg an auto parts company based in chicago with operations in europe and the u.s. ten days later they bought warren, a great michigan connection, they do their research here. the last quarter they missed on the earnings report and the stock dropped 20 from the prior day from 37.50 to below 29 should i hold it >> no. we think this is -- it missed by nothing. i was shocked to see how much hot money there was in this i think this it is a very solid company it should not have been hit the way it was i'm sticking buy it. all right. is your portfolio looking for a smashing fmc got it down for science. listen to this thing it's selloff was overblown it's been down the last couple

of days. when you get hit likes this, you have got to pull the trigger you have got to buy. much more "mad money" left including a companies that challenging monsanto it is a revolution coming to your kitchen table which is why indigo agriculture is on cbs n's disruptor list. then, you may have missed the fact that interest rates have been ticking down in this market i'll tell you what it means for your money rapid fire in tonight's edition of the lightning round stick with cramer.

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this week, cnbc rolled out its sixth annual disruptor 50 list of inso rative companies. some of our best ideas are alumni of this list, spotify and drop box tonight i want to tell you about number 18 on this list it's indigo agriculture. while there are a bunch of publicly traded companies that have been transforming farming by genetically modifying seeds, this company takes a different approach they focus on the microbes that affect the growth of plants for years. the micro based seed treatments can make crops that are more resistant to drought or require less fertilizer. it's an intriguing approach. let's take a closer look with david perry, the ceo of indigo agriculture and learn more about his company and what it means for the future of farming.

well to "mad money." >> good to be here. >> there are people who say wait a second these big seed companies they have been modifying genetics for a long time what has this guy got? it is a different approach, isn't it >> completely different, jim. >> okay. >> modern agriculture is built on technologies that were created decades ago. synthetic fertilizer, synthetic chemicals, gmos, and plant breeding we are taking an entirely new approach i think this is an opportunity to see a revolution in agriculture using nationally discovered microbes to improve yields of plants and also to protect them against pests and insects so we can reduce the amount of fertilizer used and the amount of agricultural chemicals used >> now the goal is not necessarily to double the yield, but you are making these very nice dpans that are obviously for a farmer something that yields a great profit for them. >> yeah. we are seeing 10 to 15% yield gains. we are only a four-year-old

company. this is going to get better and better but the average farmer makes less than 10% margin so if you double their yield -- sorry, if you increase their yield by 10 or 14% you are doubling their yield >> i like your analogy, you can take a pill that makes your stomach handle food before or you can take pry biotic. that's kinded of what you are doing with the genes here right? >> exactly right plants and microbes evolved over 200 million years together they had a symbiotic relationship and the microbes had an incentive to protect the plants against water stress or bugs or disease. all we are doing is identifying the cures that already exist in nature, adding them back to plants, and the result is healthier plants that yield more and need less intervention. >> i love what you said early whier, the idea that we are using old technology for the

synthetics you are using the equivalent of big data here. you have a sophisticated level of technology that didn't exist back then? >> it's true while what we do is simple in concept it's really difficult to implement because there may be a trillion microbes that could benefit plants if you have to test every one of them that would be an infin italy long set of experiments. so the combination of dna sequencing, and then big data and machine learning allows us to predict which microbes might help and simplifies the process. i grew up on green adjacent and dole and then monsanto jeannetgeneti modified, and that was better than what we were having my kids can't stand it they are millennials how do you identify to millennials this is an indigo based process rather than the toer guys. they don't eat this stuff for fear it's synthetic. >> one of the problem with the

existing system is that most farmers take their output and put it into silos or collection points with all their neighbors. in that system it is impossible to get paid for growing things with higher quality or growing things more sustainbly part what have indigo does is connects the farmer directly with the buyer and coordinates the logistic between that so we can preserve the identity of that crop all the way to the food company and eventually to the consumer >> i think that's really important. i wish it was more accent waited in the way -- everybody has a shorthand. but to me your partnership with the farmers and the notion of the integrity of the product is something that you guys are really zeroing in on. >> yeah. it's the only way to fundamentally change the economics for the farmer as long as they are producing a chadt commodity they are going to be competing with low cost producers all over the world if we start allowing them to differentiate make them value added based on sustainability

better for the farmer and for the consumer >> have you had a chance to talk with or meet steve easter brook from mcdonald's? >> i haven't. >> you have to he cares passionately about this he is not known for this but he wants to change the world's food chain i will make the introduction you are a private company. i can get away with it if you were public i would say hey you are on your own. ceo of ingo agriculture. this is what we need more of, this what needs to happen to the food chain "mad money" back after this. ♪ how do you know you made the right call...

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it is time it's time for the lightning round. and then the lightning round is over are you ready? it's time for the lightning round. start with phil in south dakota. fill >> caller: booyah, jim. >> booyah. >> caller: i have been watching a long, long time. >> okay. >> caller: and my stock is tot

>> it is okay. it's not great, it's not bad yields 5%. a decent growth portfolio. if it comes down a couple i'll give it my blessing. john in texas. john. >> caller: big state of tech booyah to you dr. cramer. >> great to have you on the show. >> caller: first time long time. my stock is roku i bought it at 31. it's been floating >> i thought that amazon, which we own for the child trust, i thought amazon was going hurt them more than they have my bad roku is a good company i welcome them on the show tom in new york. tom. >> caller: i love your show. >> thank you. >> caller: you are the best. >> thank you. >> caller: i have been watching two years. i'm making great nun and i'm not

going to pay. >> excellent. >> caller: two months ago you had a coo on of a company and you were so positive about them, and i bought some, and they have droop dropped. and i bought some more and they dropped for more what's going on with gtt >> nothing i mean it's doing very well. honestly, i think it's doing incredibly well. i'm sorry it went down so much after he was on. but they have the low infrastructure telecommunication models that's terrific of it's probably one of those stocks that's going down for incorrect reasons. i'm not kidding i like that company very much. bennett. >> caller: booyah jim. thanks for taking my call. i want your thoughts on caesar entertainment. ccr. >> jp morgan recommended the group. i thought the aboutance was bad but maybe they have the optionality i like mgm it's been stalled.

caesars i can't pull the trigger because of the balance sheet but i gets there is mojo there bill in florida. >> caller: jim, yes, this is bill red robin, rrgb reported earnings yesterday according to the street they missed their numbers the stock dropped down over ten points what is your position on red robin? >> i didn't like the comps call. i didn't like the second paragraph the ceo says we had kind of a mixed bag. mixed bag for heaven's stake i have got stocks that have great numbers. i don't want to own a stock that's a mixed bag brian in new jersey. >> caller: hi jim. great to talk to you. >> good to have you on the show. >> caller: i want the know what you think about tgh? >> i lost more money recommending intermodal companies than i have anything else the answer is. >> don't buy don't buy. >> i'm going to scott in florida. scott? >> caller: jim, you run a great show. >> thank you.

>> caller: thanks forual you do to educate. >> thank you. >> caller: my question is what are your thoughts on camping world holdings >> you know, ever since we soaw the slowdown in the actual -- you know, the authors and the winnebagos, it has hurt camping world stock. therefore, i think that marcus should come on the show and tell us why we should buy the stock author had inventory issues. that is -- this is one big ripple they all trade together i would love to hear why they shouldn't trade together because right now i don't understand why it is any different from the others i don't. let's go to dennis in south carolina >> caller: hey jim, how are you doing? >> not bad, how about you. >> caller: not bad this is dennis from south carolina where a relationship with god and jesus is more valuable than money. but i would like to get your

information on cvr refining. >> confused, but marathon pete is ours. that's the one we like the most. it has been the biggest winner can -- who am i to judge a stock better than that one it's hard, hard, hard to find. that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade complicated, you know? 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 - 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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has anyone noticed that interfates have been steadily ticking down of late after all the hand wringing about how rising rates were going to crush the stock market? you would think there could be similar commentary about how lower rates are good news for stocks i mean the yield on the ten year is back below 3% the level where everybody panicked i think it may even go as low as 2.75 why are rates falling? yesterday we got the fed minutes from the may meeting and they fleed inflation hab transitory is not embedded. and there is less need for the fed to tighten aggressively. first president trump grabs headlines talking about the wray the restrict auto imports last night and the morning. i found his logic spurious but i

understand it because we are know seeing cars come down in price thanks to a surge in first quarter imports. while that's bad for gm and ford the glut has turned town inflationary that's a check on runaway inflation. the russians are talking about scrapping the caps on oil production those caps have caused the price of oil to soar the prospect of oil rolling over because the saudis and russians boost production is incredibly inflationary that too should send the yields lower. plastic, one of the components for all consumer goods packaging companies is priced off of oil it would go down too helping producers bring down prices to you. what else would explain the bond rally? a ruling could be against the duties slapped on canadian

lumber it caused lumber prices to skyrocket more than 30%. the last few days it that seemed peekish which to me means it's about to repeal. lumber added $7,000 to the average price of a home because of the tariffs the pro canada ruling would be a big win for the answer inflationistas warehouses stock not able to take out the highs tellsly we might have seen the peak in lumber we talk about the escalating hike in -- union pacific pulled 650 locomotives out of use no one is talking about that truckers are struggling to find drivers. it is a bottleneck but if they pay like union pacific is doing to find workers the shortage will be alleviated and fright costs would come

down immigration would help too but this isn't exactly an immigration friend low administration how about the aluminum and steel tariffs? the reason for escalating can prices we don't make enough aluminum in this country that part of the tariff was ill considered when we have to import u.s. most of the aluminum it is basically a tax. but a steel yint is taking advantage by running new flants and running its factories in overdrive. steel could peak if the exporters to this company keep shipping here despite the tariffs. you know why they may because their cost of capital is low thanks to subsidies why we have to have the after thes you have to admit what comes up can also come down many industries are are just beginning to train unemployed workers in order the keep labor costs in line because of mandated minute wum wages and the scarcity of workers with key

skill sets it is realist i go. don't fret about inflation be skeptical but understand barring enless tariffs by the president our current bout of inflation is far from permanent. and the decline in rates is hugely positive for the stock market, something we sometimes forget on a down day like today. stick with cramer. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites...

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anyone can get you ready, holiday inn express gets you the readiest. because ready gives a pep talk. showtime! but the readiest gives a pep rally. i cleared my inbox! holiday inn express, be the readiest. dan shullman from paypal had a fantastic analyst day today. and the stock is not up enough that's my judgment it was dramatically higher at one point. i always say there's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer i will see you tomorro >> welcome to the shark tank,

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