convent station right here and the faculty. wave you're on the tv right now congratulations, ladies. freeport mclemoa freeport "d >>mamoney" with jim cramer starts right now i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. all right. what was that, what was that thing with italy again yesterday? a trade? euro milan versus rome?

government interest rates? i can't remember what it was sure enough, the amnesia based market kept roaring back dow surging 38 points. nasdaq poll vaulting another day where panic was replaced by rationality. and why we forget why people fled from high quality stocks in droves yesterday even stocks that had nothing to do with italy. how the heck did it happen again? for the record, that's pretty much every american company having nothing to do with italy aside from a handful of players, which set a new all time high earlier this month last night, i told you the sell

off made no sense which means today's rally is the most logical thing in the world why? let's focus. first off, we are not in italy that may sound geographically ouk obvious, but if you listen to the bears, it made it sound like wall street is located in rome we are fortunate enough to have a place in italy, not we, "mad money," but we my family i got to tell you, anyone who thinks that italy is a functioning state with a live banking system is kidding themselves i know there is a lot of consternation with a lot of political developments i wouldn't read nearly as much as all of these people who come on tv or write about it are

saying the truth is, italy is crying out for better government, any better government, something establishment parties have failed to deliver time after time of course people voted to throw the bums out they want a functioning mortgage market and lower unemployment market they are sick and tired of the strong euro which hurts the tourism business italy loses far more than it gains from the euro. i think they would be better off with their own currency. and they don't like the eu's heavy hand approach with everything i will keep coming back to the fact that our banking system is not their banking system the idea that somehow p. and c or wells fargo see their

banks get hammered is down right absurd and yes i am conscious that they are going to put the tariffs on aluminum and steel, and that doesn't change my view our banking system is strong and unaffected more likely to send their money here if they haven't already that is called a positive and not a negative the second reason for today's rebound w rebound we have a strong economy here and that translates to higher stock prices here we are getting incredible return from most of the companies that do business domestically the credit rating of nurew jers or illinois. those problems are no reason to

dump high quality stocks even the stocks where a company is based in new jersey or illinois. the reason for the rally, america is an incredibly resource rich company. i spent a lot of time talking to companies like union pacific or the oils or the construction companies or utilities you know you see them on the show our country is booming and part of that is because of the natural resource base that we have that others don't louisiana and texas, are getting hundreds of billions of dollars in investment because of cheap natural gas. this stuff requires a lot of labor to become a reality. major reason why the employment situation is so robust at the same time places like

indiana which used to have incredibly high unemployment is attracting a lot of businesses as the good people of industries will tell you. i mention these anecdotal examples because remember, please, that we are not in rome, or naples or florence unless you are talking about rome, georgia, naples, florida. how about something called the rule of law. let's say you have to hire people to hire people who hire people who don't know what the heck they are doing anyway the thicket of laws and rules is so dense even when the obama administration was rolling out endless reams of new regulations.

the trump administration is slashing regulations left and right. america has become an even easier to hire people in greater business obviously we need some regulation, we have toxic air, and acid rain, or rivers that catch on fire. you young people who were born after the clean air and water acts were enacted, you don't know how good you have it. you may think deregulation is terrible for the long-term for the planet, but this is good for the economy. this is not the "avengers ." so many alleged geniuses, and i use that word lightly, could conflate the problems of italy's banking system and i heard it all day all day.

there is one similarity, they both involve capital most italian banks and european banks are under capitalized. our banks are over capitalized our regulators until president trump wouldn't even know what a club is. so let's understand something. someone on twitter yesterday said i looked tired during last night's show tired. tired. >> what a joke >> nah, i wasn't tired i was just exacerbated bottom line, the bears will freak you out of your stocks every time today proof positive that

selling everything und-- pleaser not to forget the next time we get slammed, has nothing to do with the united states not italy, italy is the boot it looks like the boot we sell boots in this country. they are expensive brandon in pennsylvania. >> caller: hey, jim, how are you? >> i'm fine. >> caller: hey, i wanted to call in and ask you what the, about the company chronos group, what the intend legalization of cannabis in canada next thursday, how should we be looking at it. >> i would rather be in cgc,

that is my play for the legalization remember, you are not early. now, i'm going to speak to myself jim in pennsylvania. >> caller: booyah, how are you today? >> good. just trying to get my hands around how italy is confused with america. >> caller: market wisdom on gamestop they ran into trouble with the ceo that lasted three months but they have cofounder as the inter interim ceo. is it a buy, buy, buy. >> it is so low. i think this can bounce to 13, 14 it is mall based and people buy their video games online

that is a sub optimal situation for gamestop paul in arizona. >> caller: thanks for taking my call i wanted to talk to you about axon enterprises aaxn you interviewed their ceo rick smith and they decided their future lies with selling body cams for police. and merging body camera business with their own do you feel axon will remain a good buy >> it is only a $3.7 billion company. rick smith took a contract which said he will do well if you do well i don't know how to beat that kind of contract i think that rick is real. do i want to buy it up here? well, you are not early, it is up 140%. but if it comes down a lot, then

yes, the answer will be yes. i am trying to calm down and trying not to be angry and once again, people coming on and confusing italy with the united states this is what it looks like when panic in this market is replaced rationality. i told you so. get into the state of the retail company, the ceo behind calvin klein. auto, i am helping you steer into the right auto retailer and is it time to consider new relic after its incredible climb? i am going it talk to the ceo. stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets

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over the last year or so the apparel stock has made a monster co come back. consider the company pvh corporation. once again, the numbers were excellent. 11% earning off of $2.25 basis on top of that management gave robust guidance for the next quarter and the full year. let's take a look with the chairman and ceo welcome back to "mad money."

manny, you started it all. and you were the first person to say that something is changed and it may be seismic that things may be much better. >> it continues. the business is the strongest i have ever seen with my time at pvh. between calvin, tommy, we just had a quarter that was completely off the charts from beating our expectations we continue to make the investments in the business and they seem to be delivering. >> when you say that 25 years, you mean 25 around the world because it does seem that every market is good >> right now, we are seeing strong business throughout europe, asia and north america the only area we see softness is in south america, in brazil, what is going on there when i was on the show at the

end of our third quarter early november, i said to you, i really see business starting to inflect in change and we came to a strong fourth quarter and that momentum continues as we gone into a first quarter and into may. >> it looks like inventory is consistently seem to be lean and keeps ordering more and more from you and this is quite different than the many years you coming on the show what changed psycho logically. >> as we got into the third qua quarter, fourth quart, strong. and that positioned the entire industry well as we went into the first quarter. and now going into may, we, may

has gotten off to a nice start as well. selling fresh inventories, less need for promotional clearance mark downs strong performance from an operating margin point of view as well. >> so early, i know this is a question, early read for department stores in may is good >> based on the trends that i am seeing in our business in our major companies and that is all the customers you know in north america, business continues to be strong. >> you called out online right at the top you can't talk about the apparel business and not talk about online our own online business and a number of the power players excu across the board, it represents 10% or 11% of our value.

>> this verbiage about approximachina, chi china is getting bigger. >> i think we are well positioned as a premium brand in those markets. that is a part of the business that is growing very strongly in that market and both calvin and tommy are outperforming here. >> we are all concerned about tariffs, and at the same time we don't want the doors close are we okay for pvh in china >> sure. day-to-day, negotiating, like cooler heads will prevail. the threats of back and forth as far as tariff, i think those are negotiating positions that will work their way through clearly changes that china needs to make to open up their markets

and i think there is real issues around technology and stealing technology, they need to be addressed. but at the same point, i don't think you want to disrupt everyone's supply change coming out of asia as we go forward as we work through this, hopefully things will work their way out. i feel much better today than i did two or three months ago. >> there is kind of a wackiness to the dla aollar and what it m. >> one piece of the business of results as we look out now is the strengthening of the dollar, that has had an impact on our ability to take the guidance up as much as we wanted to. conservative on planning foreign currency and very conservative on second half

as business develops, we will adjust that. but i have tried to be as tra e transparent in the market as possibility saying we don't want to get ahead of ourselves. particular with currency we are not planning those trends for the second af the year and if that would happen and it feels like it may, we clearly outperformed the numbers that we are projecting. >> you guys have been unbelievable, fantastic work chairman ceo of pvh, what a stock.

[ tim. how does a not so hot stock go from laggard to leader?

since the beginning of 2018, we have seen a shift in the auto parts retailer, and it is important to point this out. it shows what wall street cares about. i am trying to do a teaching method here. auto zone and advanced auto parts were total laggards while o'reely saw increase over the past 12 months advance the worst performer. since the beginning of 2018, we had a bob dillon moment in this group. the times are achangin' for advanced auto parts. when he sang the losers will be

later to win even the best of breed o'reilly advanced this is a relief rally after an extended period of bad underperformance this group got clobbered based on fears that the oil industry was peaking. on top of that, there were fears that amazon would move into the auto part space and crush the whole darn industry. it is done like so many other brick and mortar places.

by last summer auto zone bottomed and it stock ticked higher in september. advanced auto parts took off like a rocket ship the fourth quarter of 2017, was a hugely positive for both stocks it is important to recognize, one reason advanced auto parts performed better is because the stock started running so much later than the other two if you look at the numbers from last months lows, auto zone performed ap the advance was playing catch up to auto zone there is a larger component here, both stocks got crushed by the sell off but since then, advanced auto parts is roaring back while auto zone often thought to be the

much better of the two companies kept falling what happened, their stories got different reception from wall street advanced posted numbers better than feared. big earnings beat slightly higher the analyst were looking for an even worse 3.8% decline. in the eyes of wall street, advanced auto parts is now a great turn around story. the activist starboard value, have been trying to improve things the big earnings per share has the analysts believing that greco's efforts were a bump. how about this auto zone

their february quarter was better the thing is, the analysts were looking for 2.3% so that was a miss and the earnings also came in lower than expected now auto zone doesn't give guidance the stock was pummelled 11%. this was a better quarter than we got from advanced auto parts. the stock market was all about relative they care about whether a company seems to be improving or deteriorating compared to past performance. whereas the usually consistent auto zone gave us a rare disappointment let's analogize, i want you to think about it like this, when an a student gets a b on the

test, that hurts the grade for the class. but when a c student gets a b, it helps her it did nothing for the stock auto zone was in the penalty box so buyers didn't want to go near it when we learned that the ceo was leaving, which is taken as a big negative, the stock barely batted an eye lash when wall street decides you are a winner, you get the benefit of the doubt. when wall street decides you are a loser, you are treated with immense skepticism last tuesday, we heard from both auto parts chains again. advance auto parts reported what i would call as a mixed quarter. they delivered a top line miss and the same sales were

shrinking. the earnings were very good. a 13% beat the company's margins have been on the rise and that translated to 31% earnings of share growth. the next day it came roaring back and ever since coming back. as witnessed as margin expansion. how about aco? the revenue came in weaker than expected but still delivered a big earnings beat. the response quizzical, auto zone stock got crushed plunging crazy when you think about it. two companies report mix quarters with that said, there may have been something wrong here. auto zone has since bounced.

made up of all of its post quarter losses where do i come down on these? real important at these level, advanced auto parts now sells for 16 times next year's earnings auto zones sells for only 11 times next year's earnings auto zone has become much more cheaper where as advance is about the average line of the s&p 500. and that is crazy and wrong, and you have to take advantage of it advanced auto parts which was too cheap when the stock was beaten down, it has now come roaring back and the easy money has been made. now it is auto zone that is the cheap one, too cheap and the buy back will follow wherever it goes i think the stock is a far better buy here and i like it

even more in weakness, worst case scenario, it goes lower and the company will be buying along with you donald in florida. >> caller: hello, jim, first time caller and i love your show i am calling about rev group this company has done a lot of acquisition. and they also strong backlogs. board okayed a $50 million buy back program should i continue to hold or should i take the loss >> it is interesting because especially vehicles and it is being lumped in with ford which has done terribly, and i don't know if it is fair or not. let me look at rev group and see

whether the analogy of thor is correct. and thank you for the kind comments calvin in minnesota. >> caller: booyah, from minnesota. >> good to have you. the eagles won in minnesota so i am partial to you. >> caller: hey, got a question on buck eye partner, bpl. >> i don't like it the yield is too high. this stock has got real problems i despise those stocks the only one that is close to being good performance is magellan, the rest of them, sell, sell, sell sorry to be so wishy-washy valuation matters. auto zone is now the cheaper play and it is the slow one will later be fast and it is auto zone which is better buy than

ap still ahead my exclusive with new relic. i will talk to the ceo and salesforce quarter is even better than it looks did you think that was possible? i am going to fill you in way. and all your calls and the "lightning round" so stick with cramer ♪ with expedia you could book a flight,

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when we get a terrific day like this won, less interested in what went up today and more interested in what we want up yesterday. and this is just the latest move, it has given us 127% gain since we spoke to the ceo.

new relic is a cloud based software analytics company in plain english, they help clients keep track what their software is doing real time. more important business is booming. the company shot the lights out not only did they blow away the estimates, no wonder the stock let's check in with lew cirne. >> thanks for having me. >> i talked about apm just now, but the truth is as you say in your conference call, you are no longer just a tool you are a strategic platform for managing the success a lot of these companies cannot do a digital initiative without you. >> we believe that in order to

succeed with digital, you need a platform like new relic. and we think we have by far the best platform. let's take cnb, and cnbc, i use your app every day and i just met your team they rely on new relic is flawless >> now, i want you to explain to people because one of the hallmarks is that you have the easiest to use interface so what are they looking at and what can they tell at cnbc.com >> very smart people, but very busy and very overloaded and so they don't have time to learn complex tools in order to watch what is going on in production so we work very hard at new relic in making our products

easy for the entire digital team to use and that makes digital a team sport. >> you are using, you are helping sap with concur, a company that we used to love when it was public and you are part of a team >> concur is a great customer of ours their entire customer experience is digital people file their expense report, and do it on the phone we measure everything about that customer experience from the mobile device to the application code running in the cloud to the cloud infrastructure itself. our customers are sick of putting together a bunch of tactical tools they want them to help succeed with digital and turning to new relic. >> you talk about how ibm will re-sell platform to global

customer base. >> you look at ibm, and other technology companies, that means their capability to operate large software systems for their customers. we are proud to do that for ibm. and in our partnership, we are also partnering with ibm which has a wonderful brand and particularly initially, they are going to help us reach customers that might not know of new relic today and internationally in particular. >> i have to bring it up again because i think it is important. we have been a fan of pat doyle and what he has done at dominoes broad range of industries, dominoes so they know that they are working because of you. >> dominoes, no longer a pizza business, they are technology business idc says that by 2021, full 50%

of global gdp will be digital. who is going to be the platform that helps companies move to that digital role. >> you are getting a lot of multiple six figure customers. >> yes. >> and that is accelerating in this quarter at the same time, if you are early on, you are starting to show that level of profitability that i thought wouldn't happen from years from now, the business must be so good that you can make money >> since the founding of the company we have been thoughtful of building a great company. and so we didn't want to think of profitability as an after thought. we carefully constructed our model. we have the highest gross margin and that is often that companies take on later. with things like thinking about

efficiency, we are able to generate nice and growing profits. make no mistake, our priority is growth we think we have the opportunity to do that >> one last question i am watching at dodger's phillies last night the number of things i can do on mlb.com has to overwhelm mlb, they must know because of you. >> you said it right there are so many things you can do on mlb.com, the developers have to innovate and create new things every time you make a change is risk new relic gets you comfort with taking that risk because you can see what is going on the more comfortable our customers are. >> the numbers show it what a great stock and great company. lew cirne of new relic

"mad money" back after the break. 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

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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." stael will stal -- starting with gary in maryland. >> caller: booyah. proctor and gamble, i wanted your opinion on that. >> i think you are fine. my friend doug cassin saying he is hearing something good. it has got a good yield and the company is going to turn around. i am going to john in pennsylvania >> caller: booyah, jim what is your take on pen national gaming stock. >> i like it very much

i like mgm, and boy, have you seen wynn. anthony in new jersey. >> caller: my question is on ncr. >> i don't like how that stock is acting, let's take a pass on it sean in indiana. >> caller: what do you think of citigroup? >> my trust owns it. how about norman in california. >> caller: hey, norman in l.a. this one is trading near its multiyear low, pays a nice dividend, franchise coca-cola

power. operations -- is this a good entry point once more? coca-cola [ barking dogs ] we don't want that stock pep is doing better. pepsico stock is down. that is the stock to be in and i am throwing in frito-lay have you had a bag of frito-lays i had it with turkey sandwich. jack in ohio >> caller: thank you for taking my call. >> not a problem >> caller: 60% of people that you walk by including myself have a fit bit watch on, so why is that stock -- >> actually, i think fitbit is, you know what, it is just a

stock that has never been able to make the big money which is what we want which is profit and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is sponsored by td ameritrade why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. 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...

to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com i support the affordable care act, and voted against all trump's attempts to repeal it. but we need to do more. i believe in universal health care. in a public health option to compete with private insurance companies. and expanding medicare to everyone over 55.

and i believe medicare must be empowered to negotiate the price of drugs. california values senator dianne feinstein people always struggling to understand how early we are in this whole cloud adoption thing.

you heard that before. we almost always find ourselves asking if there is anyone else left under the sun who hasn't adopted the cloud already to improve customer relation or analyze data or build the business could there be anybody left? does this story have long leg as soon as th and not do you recognize that we are early, but the adoption is coming fast and furious. they have a new category called and i quote remaining transaction price which represents future revenues under contract but haven't been recognized yet $20.4 billion. $9.6 billion of that being recognized over the next 12 months. nowhere coming from traditional businesses that need customer relation help. like the consumer package goods

company retailers or retailers no, it was two other totally unexpected accounts that really stood out for this guy the department of ag, yeah, and the va the ag department has a $141 billion budget. these are huge customers that you think didn't even, well, think they had customers, right? after all what does the federal government care about how it relates to farmers and ranchers and returning soldiers, and the answer is plenty at the end of the day embracing the cloud is cheaper than the old school alternative salesforce is the number one platform it is one of the biggest partners of amazon well

services adobe, red hat, splunk, service now are flying anyone listening to last night's salesforce call knows this process is in the incredibly early earnings by the way, it is in the palm of your helped. the head of the va needs a good view to answer questions and ensure that the veterans get help or risk getting fired learn more about what the customers. marriott might be able to contact you when you get off the plane and ask you if you still want that chicken salad in your hotel room when you get there. i am told they have this thing going and that is salesforce

di i didn't know, that a government agency would still want help from salesforce. if two federal agencies just adopted their platform, then dozens of others might follow. cloud adoption is still in its early innings. you know you are early when you didn't even -- could actually be a customer let alone a huge one. not only does salesforce remain a buy. you may have to wait until the next italian job to buy them at aweakness but when it happens, you have to be ready to pounce the opportunity, is still young. stick with cramer. at i saw was . i knew something had to be done. hurricane sandy really woke people up, to showing that we need to invest in this community.

i knew having the right partner we could turn this place around. it was only one bank that could finance a project this difficult and this large, and that was citi. preserving affordable housing preserves communities. so we are doing their kitchens and their flooring and their lobbies and the grounds. and the beautification of their homes, giving them pride in where they live, will make this a thriving community once again. ♪ ♪ how do you know you made the right call... ...you just do.

the light beer you've been waiting for has arrived. lower carbs. lower calories. higher expectations. corona premier. (slow jazz music) ♪ fly me to the moon ♪ and let me play (bell ring) all right, so the steel stocks are climbing after hours. that is not a reason to buy them 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." ♪ i'm from trophy club, texas, and my business is inspired by my beautiful girlfriend. i'm 11 years dusty's junior. and when i started dating dusty, it just clicked. getting the taste of dating an older woman, i-i noticed so many more attributes that she has, opposed to a younger woman. she's respectable, she's playful, sexy.