get short before earnings. >> call spread for that. >> every three months we get a special page helping us with the production show. ryan fish is the guy. >> great job, ryan od lk!gouc our time is 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. so the president socked the chinese with tariffs on $50 billion worth of merchandise and investors, what did they do? of course they panicked.

eventually they calmed down. with the dow only using 85 points. the nasdaq declining .9% many bulls were hardened that the stock market sclclawed its y back up. it shouldn't have become as a surprise and the market shouldn't have been hit all that hard in the first place. if china decides to respond aggressively, and tariffs do sound aggressive, so we probably will get hit again so don't get cozy about the rebound. now with that in mind, let's go to our game plan for next week this could be a tumultuous series of days particular with the new tariffs

that just came out tonight many investors believe the president will be rational and the tariffs will be put off eventually that is not president trump's idea of rational listen to what he says about trade. he doesn't blame the chinese for taking advantage of our lays a fair policies. he blames our previous leaders whether or not that is a useful way to view international trade, that doesn't matter. like some sort of judgment, like he doesn't know what he is doing, he is the president of the united states. it is how the president sees the situation that matters to wall street the president wants to avert them because they hurt the stock market but that is not true trump believes we need to stand

up to china even if it hurts businesses here in the united states and sends the stock market down. this is what he is thinking, if not now, when? if we come in on monday and hear the deal is done, that would be a signal that china doesn't want -- i don't think the intended audience would actually care recognize that the president is not trying to get the dow to hit all time highs here. his new goal is to push back against our trading partners, especially china and the market is not going to like it any time he does. get used to this select stocks accordingly, maintain a higher than normal cash position when we go higher, you do trimming. next up, after the close on tuesday, we get two important earnings reports, fedex and

oracle i expect gang buster from fedex. oracle is tougher. this is one of the few tech stocks that is closer to its low than high. i worry that oracle will have trouble retaining customers. at the same time the stock is dirt cheap it is entirely possible that if oracle shows any momentum whatsoever, the stock goes higher i am calling that a decent risk reward wednesday morning we get a gut check from winnebago bob martin made it sound like it still has inventory to work off, if it confirms that, stocks get lower. microsoft ceo came here on the show and told a fabulous tale of

momentary. flash is in momentary oversupplied and many analysts remain convinced it is too bullish for prospects. in fact, i would say motorcycics more in control of its destiny than ever. we heard from darden and it was up big today, stock has been zooming since the '90s. darden tells a good story of long tomorrow growth the last quarter wasn't all that good we like domestic plays in times

of turmoil one year ago amazon bought whole foods. that sent kroger tumbling. while it was able to rebound, its stocks have given up that gain and it is back in purgatory. kroger is engaged if a slew of initiatives. amazon hasn't built out whole foods like expected. i think just be patient. i don't expect a great quarter from kroger. and after the close we hear from red hat. it is reported great quarter after great quarter. i think it will do it again, but the stock tends to dpget hammerd saudi arabia is meeting with

russia to figure out how high it should go. if they make it too low, both countries make a lot less money and it hurts the profitability of saudi aramco. this is the first opec meeting where president trump is mad about oil prices that is the only thing that he would drive oil to the low 60s remember it was in the 70s before talk of boosting production and we got those nasty tariffs from china and tonight, remember with the rate hikes and the tariffs, the games got harder this week which means we need to be a bit less eager to pounce when stocks go down and ready to curb enthusiasm when stocks go higher. greg in washington

>> caller: pacific northwest booyah. >> what's up. >> caller: listen to you on my commute. your service is invaluable. >> thank you. >> caller: talking about enph. stock is way down. bit of a come back this year after the company acquired sun power, they applied for an exemption. >> we saw first solar go down and it is one of those things where it had been dropping all day, and bounced back a little bit. my take is that we have to be careful of this industry first solar is a bell weather and i am not going to make a

determination of a little company like yours until i have done more work on this steve in new york. >> caller: hey, jim, hope you're well, thank you for taking my call i asked you for your thoughts on tar -- caravana. however i am thinking of trimming most of my position considering the run it has had. >> i think, look, you have to take the house's money up 123%. the industry itself has been okay you've got a great gain. let's do a cha-ching, cha-ching and let the rest run allen in ohio. >> caller: i heard the ceo of verizon to say that 5g will

eliminate the need for towers. >> cut to the chase and i worry about t-mobile sprint acquisition. after that brutal smack down they got on the at&t time warner how about phil in north carolina >> caller: hey, jim, a booyah from raleigh. >> your area is booming, we got to get down there, what's up >> caller: long starbucks. the stock seems stuck. nestle deal, buyback, crisis management, competition from mcdonald's and a heavy short interest. >> i agree with everything one of those things except heavy short interest not enough heavy short interest.

still people believing because china is still good. that litany of worries, they make it too much for this guy. my travel trust just sold the stock. it was just too hard to own. tame your enthusiasm into any rally because we've got the rate hike at this point, a lot of rate hikes going to start bothering us and then we have the tariffs the game has gotten a lot harder on "mad money" tonight, sitting down with a company that is feeling the reverberations from china tough tariff talk. talking to mana towacc a stock that is up year-to-date, sitting down with the ceo of centene. so stick with cramer

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on a day like today we can't ignore the trade wars. take mantowoc. guess what cranes are made out of it? meanwhile investors get worried when they hear the chinese, even the canadians want to retaliate. we have a robust economy and this is the kind of stock that

does well. never mind that its latest quarter was. has it been punished too much? let's take a closer like with the president and ceo of manitowoc. explain to people a little bit of a disconnect some of the fear versus the rate. >> people fear the tariffs if you are a good leader of a company and you realize president trump wasn't going to put the tariffs in place when he was being elected, then you were living in a bubble so we put contingencies in place

right there. we knew what was going to happen and we changed the different sourcing methods and we are not worried about it. >> people understand that your company makes cranes different world out there than the old days you do self erecting cranes. >> absolutely. our business in europe, primary erecting cranes. you push a button and you watch it erect itself. >> and you have a lock on the windmills, the natural business. >> you would be surprised how many are working in the renewable fuel business right now. particular wind. wind is on fire. our larger cranes are out there working at higher utilizations >> oil and gas which we know is booming again in this country. do you have enough cranes?

>> there has been a glut of supply back in 2008, 2009. a lot of cranes with put in the fields and we had a downfall that supply is being sucked up and utilized again starting to see increase activity i am encouraged about the outlook for oil and gas. >> so i know that you have got some guys, this jp morgan guy, he hates cranes. i think to penalize the whole company because of that seems wrong. >> our cranes are bigger than any normal uri national rental company would use. some of the larger firms like all and maxum, those guys

utilize our cranes and they are a different kind of model. their utilization is high. and so these guys think that you read these report that we have reached our max and we are nowhere close. based on what we have done last week and new five models that we have introduced, we are increasing our backlog models through 2019. >> debt picture getting better >> yes >> tell how you are bringing it down. >> paid it down. used the manitowoc way, worked it down by almost 50%. and put it back into the business and reduced our debt. >> i want to talk about the manitowoc way. it is more than just happy talk. >> most people are a business

system and it is a bunch of tools and you can grab it and use it ours is a culture. we are 100% focused on our customer every one of our employees, i ask them to think about every single day make this company better for our customers, if you make it better for our customers, it is going to be better for you, for our shareholders >> how does the manitowoc way work >> we did an activity there where we were able to free up 45,000 square feet of manufacturing space which is 10% and that gives us the opportunity for organic growth and invest in that facility and reduce our cost and not worry so much about tariffs. >> does the rhetoric get to you?

i mean periodically, or you say listen, they need our cranes. >> the rhetoric is out there you just have to listen to it. at the end of the day, you drive up here from philly, and you se cranes all over the place. and it is going to continue. the revolution is real. >> your stock zoomed going into this year, so it did, the psychology of it is far different from the orders and the earnings. >> i agree with you 100% >> that is barry pennypacker president and ceo of m oochanitc

. do not let today's trade

war's ugliness blind you whenever the market gets rocky, i like to pull back on powerful long-term themes that are immune to the fed or to the chinese tariff retaliation you know what i think it is going to be, the rise of the subscription economy the legion of companies that sell some kind of subscription remember last night we spoke to the ceo of zura. a software business. this guy literally book the company on the subscription economy, it is called subscribe. why the subscription model will be your company's future and what to do about it. i thought this was a how-to book and how to find the best stocks. coming out of this, i heard a new perspective.

listen to what he said just last night. >> everyday that passes we have to buy less and less stuff now we are paying for exercise bikes as a subscription and travel, even companies paying for things like tractor as a sub description. >> the model is so attractive, that it is drawing in all sorts of industries. the idea here is basically the end of ownership again, here is how he laid it out. >> there is no reason you should have to buy anything if you are not buying dvds or software, why should you have to buy houses or cars you want to take out your phone to point to a service to get the needs that you want.

>> creepy and dystopian. what happens when you violate the terms of service do they repossess your house, your pants, your lunch this is "mad money," not mad implication of late stage capitalism, like it or not the economy is subscription. who does get it? how about salesforce when it started offering it as a service not a product. this guy that we just heard from, turned out to be employee number 11 in salesforce. subscription services as a gateway drug you get access to a whole world of entertainment, even before

streaming videos existed, netflix was doing this by mail they are taking market share all over the globe once the company gets large enough, its recurring revenue will be off spending that is why it is the envy of all of the older media companies. what netflix is to video, spotify is spotify is clever. you can get service for free with advertisements or pay up for new ads. turns out people pay up. i recommended this stock in april, and two days, 20% gain. how about apple. still makes most of its money selling various devices.

phones are the razors in the various services are the blades. this is when i was so sanguine about apple. the stock market is getting its head around what apple knew ages ago. this is the future of business people are thrilled to pay apple to back up their photos or music. this is a $30 million business let me tell you something, when my wife put the phone in the washing machine a few weeks ago, the only thing that was good is that i backed up my photos we're still married. who else gets it amazon prime free shipping, free video, free

movies what amazon prime does for the company, forget that it has 100 million customers, they just raised the prices by 20% nobody batted an eye huge incentive to shop at amazon first and only go to another retailer if they can't find what they need and that is why whole foods became more valuable when it folded into amazon one year ago. i still think amazon is worth buying, right here, it is a large position on my travel plus by the way same thing goes for costco you pay $60 a year and you get access to incredible bargains and merchandise. over 90 members worldwide and

the renewal rate is 90%. just like with amazon prime, it is not only about the money, it is about reinforce can customer loyalty so members shop at costco first like the cramer family and it is working. up 11% year-to-date. all right. who else adobe. now, they adopted a cloud base software as a service model. and the stock immediately tanked now up 5%. adobe's quarter last night was darn good and the stock should resume its regularly scheduled stock soon enough. auto desk, and then dropbox has been on fire up another 9.6%.

finally there is the not so failing new yo"the new york tim. so they put up the pay wall and it has been a stunning success climbing to more than 2.6 million. doubled the number of print subscribers, stock is up 30% since i got behind it last summer they are failing upwards the subscription economy is taking over industry, after industry, after industry these subscription stocks are growth stories that will keep working regardless of tariffs or rate hikes which is why i like each and every one of them. steven in connecticut. >> caller: booyah from connecticut, who are you, sir? >> good.

how about you partner? >> caller: i invested in iq, the netflix of china given the fact that they have new partnerships are you willing to give this baby a buy yet >> this thing is trading insanely and it is insane it trades every day. it trades like water we talk about every morning for my action alert team, frankly, i am not going to get behind it. i am behind alibaba and buy due. this one is going to have to go without me i can't get behind every stock in china derek in pennsylvania. >> caller: big booyah to you thanks for everything you do taking wall street to mainstream blue apron

what is your thesis on it? >> mr. wonderful said to buy it. and if mr. wonderful says to buy it, i say, don't sell it how about that call the subscription economy a subscription for profit. these stocks are growth stories. and i like them all. much more "mad money" ahead. centene, can the company go higher i have the ceo the feds announced the rate hikes. but the banks have hardly budged and all your calls and rapid fire and "lightning round." and a week back look of what it was. stick with cramer.

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take centene not exactly anyone's idea of a -- i have been a big fan of centene. up nearly 80% last year before tracking in another 22.5%. it has gotten more room to run just yesterday the attorney general cleared it to run. given how well centene has performed. the purchase of health net in 2016, i think this can be positive but do not take it from me today it was their annual

analyst day. you had a huge analyst day today. and people had to be happy because you price a big secondary. that was right after you came on the show. >> thank you it always helps. >> it was -- yeah, it helps to have everyone in the room to have a profit. how could you tell then that the stock is cheap and the one to buy? >> well, compared to our peer group and others and today we showed them that already we have in the bag 15% growth for next year >> who has that in the bank in the month of june? >> well, we know the contracts we have sold, the deals we have done you take that going into '19 and it says we are going to be a 69 plus billion dollar company

i am old fashion i think where you are should have something to do with your growth rate. >> very big deck the things that stood out to me is stock price versus the peers which is dramatic, 3 % versus 28% for the peers and the leverage even though you have been growing, you have a lot of acquisition and you obviously don't likea bad balance sheet. >> we're balance sheet managers. we are going to bring the debt down with the fidellis deal. >> there is going to be good changes that will produce better health care. and at a cheaper price. >> and they are happy to be joining us because they know the systems we have. our systems are going to help them do a better job medically

managing their ga wina will go a little . but is going to go down more than gna comes up. largest player in the fourth largest medicare states. great team working for them. and we are excited about it. >> just in the papers today, this plays right in your hand. now, another thing you did in the deck and i think it is important, is you broke form and you decided to talk about the scope of the opioid problem. last timeyou were here, we talked about what you did with the community. talk about where we are with this opioid problem which is a national scourge and what you are doing about it. >> we are very system driven and becoming a tech company that is doing health care

we have systems. we have systems that identify individuals at risk and early addiction. >> at risk >> yes and early addiction. we look at all the different factors. they get in, they get involved with that individual, and get them the help they need. we believe we have cut it down more than 20% in the last 12 months. >> that is extraordinary because everyone tells me in the mental field that no one is able to do anything and you are proving that something can be done. you are being positioned for the future consumer centric programs that promote personal responsibility. how could you promote that >> well, we are very decentralized. we have individual health, they are engaged with the community

and engaged with the people. doing all the things that the people need to hear. when we see there is an individual, we are out there helping an individual. we helped a woman lost employment, get a new job. so you get involved. it is more than that i can show you a case in el paso, there was a mother who went into pre term labor at 22 weeks with triplets had three kids running around. heat turn off, lights off. nurse went out and hadppen to se it lights turned on bed rest >> chairman and ceo of centene corp i know you think you might have missed it. and i'm telling you, you are wrong. "mad money" back after the break. ♪

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-- and then the lightning round is over. are you ready, skee-daddy? it's time for the lightning round on cramer's "mad money." let's start with karen in nevada. >> caller: hi, jim love those eagles. >> go birds. >> caller: my stock is cellgene. is it a hold >> i don't think that company has any new momentum or drugs that i am excited about. casy in texas. >> caller: i appreciate you taking the time to answer my question, it is about the stock of okta. >> we like this one.

b buy, buy, buy. we will have more on okta very soon tom in virginia. >> caller: booyah. dr. cramer, how are you tonight? >> i am great, how are you >> caller: fine, fine. gas log partners >> i know, i think that stock is going to get hit off the china tariff i think they may actually be hurt by it and so i am going to be a little more circumspect right here. art in florida. >> caller: jim, booyah hey, i wanted to know about tandem diabetes. they have a new problem. >> this is one of the hottest stocks i have ever seen. up 700%. i feel like i have missed t i have to be careful to recommend

the stock after this kind of run. so i am going to pass. joe in louisiana >> caller: ba-ba-booyah. and who dat? >> what's up >> caller: he is getting stronger i've got a stock that reported a strong first quarter, still went down about 15% in april and it has a 5% dividend, and i want to know if it is a buy, sell, or hold altria. >> it is not a buy i don't know if i want to hold it i am not recommending any tobacco stocks too late in the game too many people dying. i am not going there anymore i can take a stance like that because too much, too much bad that i have seen in my life.

sa sarabyit in california. >> caller: i wanted your thoughts on exxon. >> i thought you were saying exxon which is okay. but axovant. not this one i don't want any parts of it we got major fabulous pharmaceutical companies that are doing amazing. i would be concerned one more let's go to lavinar in alabama. >> caller: what about lowe's >> lowe's got a new ceo and that is not a enough for me

buy home depot and i think costco is the right stock. and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is sponsored by td ameritrade jack jack jack which stocks can go -- i'm sorry. that was too far for me. and serch like, oh, excuse me mr. cramer, can i bother you for a picture. >> kate upton booyah. >> that is a complete roster how about who is on second >> after getting blasted on twitter all weekend. before we cut to the commercials -- ) i hate missing t missing out after hours.

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are the big banks, department stores and the financial technology companies, the equivalent of f.a.n.g out to destroy them i spent hours this week analyzingthe failures of the bank stocks in the face of feds blessing four rate hikes instead

of three if we knew there would be four a couple of quarters ago, the bank stocks would have caught fire. let me give you the conventional wisdom first the yield curve is so flat, that banks don't make so much lending. lending rates aren't consistently on the ten-year price. i am not buying that answer. a bank like citigroup. i have been keying off this theory as a reason to hang onto the banks for my travel trust, the trust owns citigroup

risk free money, the best kind and the group is incredibly cheap. see if the stocks can't yet get traction what else could be holding the banks back as i rack my brain, i come up with one plausible and existential answer old line brick and mortar stores that is about to lose relevance. and of course the big cap growth stocks and the financial sectors aren't banks at all. they are mastercard visa, and american express after all, it is the second largest sector these managers don't actually want to own the bank stocks

anymore. the others though, they are about obviating the banks all together and my favorite is paypal. not only because it is the mobile bank but also the millennial social bank we often call paypal a payment processing play and it is almost an online banking company that cooperates with everybody and has gone global in a terrific platform they at one point years ago, citi seems to be taking on the mantel of the company. bank of america pales in condition to pay pal square has come on strong as a tech leader. then there are the potentially

existential threats that i mentioned. and cryptocurrency which are the populous insurgence to the block chain movement as i see it, they are the true reasons for the group's under performance and until the banks regain momentum, their stocks are not going to get their groove back. stick with cramer.

at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. china gave us a tough tariff response let's see how it shakes out monday morning 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 monday

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