it is a big play phzer, i think money will continue >> i am with you, wynn resort. my mission is simple, to make you money i'm here to level the playing field for all investors. there is 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 make you some money. it's my job not just to entertain but to teach and educate. so call me at 1-800-743-cnbc or tweet me @jimcramer. this market has gone into forgive and forget mode. on a day where the dow inched up 40 point s&p advanced .35%.

the nasdaq gained .61%. people are desperate to make moves so they can buy them before they take off, because so many other stocks have already taken off. consider what worked today let's start with, well, what may be the most obvious. lets start with disin. the company reports tomorrow and the market already likes what it sees haven't even seen it and it likes what it cease. how is that possible for years people have been lasered on the fact that disney's business keeps losing subscribers. but now there is a growing and budding recognition, that the court cutting phenomenon where people were cancelling their cable subscriptions is waning. meanwhile, espn's online streaming is gaining traction, and that's without even going into the fact that disney is buying some key fox assets that will transform the whole narrative from about lost subscribers to stories about tremendous untapped growth disney stock has been running

like crazy going into tomorrow's quarter, and you simply don't see this kind of move unless big institutional money managers are anticipating a blockbuster forecast just as important, buyers are forgiving disney for having to pay so much for the fox business, and they're forgetting that espn's been experiencing big declines in the past that's how the stock that hit its 52-week high today jumping to $115.94 and i wouldn't be sprietzed if it takes out its all-time high of 122 bucks in the not too distant future this rallying could be a homecoming if you want the get your kids interested in the stock market, you should buy them a share or two in a company they actually know and care about and the company is disney. and, look, the forgiveness extends well beyond just the stock. look at this run on facebook facebook so hated just eight days ago it folded 4% off an upgrade from steefl which argued that the worst is over now that the earnings have been reset

the term reset is an a a term of art. expectations have been set lower. everyone knows this. so it's time to buy. isn't that the same facebook as it was before the quarter two weeks ago when we expected growth in excess of 40%? well, wait a second. no it doesn't matter even if facebook ain't what it used to be, stifle claims it's still not a stock that trades in the 170s they expect to generate 20% growth that's still pretty darn good, especially for a mega cap stock. so remember, the stock at 215, overpriced stock at 175, underpriced. while we own facebook for my charitable trust you, can you follow along by joining action owners club. you don't see a lot of forgiveness here by facebook's existing shareholders, but there is a whole another class of people, the nonshareholders who are being converted to buyers here and they're obviously more willing to forget. for example, they love the prospect that facebook might be

able to develop an ebay-like product among other services if they can get banks to share their customer information, a bit of news that came out today. i think this is a -- i mean, please, this one really stretches credulity. the banks aren't just going hand over your data, especially not since facebook was just raked over the coals for selling to irresponsible third parties. so forget that story forget about facebook asking the banks to share your info what matters is facebook has reset expectations to a level where they can be beaten remember on thursday we hear clorox how it's putting 60% of its advertising online a pioneer, that's 60 very much using facebook is part of that ad last friday kraft heinz, hardly known as a visionary when it comes to getting in touch with younger consumers made a point of telling people on its conference call that it's going digital in a big way again you know what that means it's facebook. it's unavoidable while expenses are going up and

growth is decelerating, neither is heinous enough to scare away fresh buyers meaning people who weren't caught in the fresh sell-off, who don't have to forget because they weren't part of the fiasco. when ceo john legere announced he was going to merge with softbank on sprint, the stock sank like a stone. now days the justice department will allow the carriers to merge in order to create a viable 5g competitor to at&t and verizon they're willing to forgive the idea of the merger and forget that the commentary at the time was a resounding no can do some of this is the infectious way the ledger tells the tale, basically arguing neither will be able to withstand a real price war with at&t and verizon. some say it was so strong that it's worth owning even if the deal falls apart hence the 7.72 gain in the share price today. i think it's here to state then the curious case of a

company you might be familiar with, a dental supply wholesaler that has several research firms predicting near death experience when it comes to the earnings because of an industry-wide slowdown leading the charge against it, amazon which has moved in. when henry schein reported this morning, they reported an acceleration, and they caught people by surprise, especially the short sellers. we got a rip snorter here given how the bears seem to have no to switch positions, i think the stock might have more room to run. finally, you want the ultimate in forgive and forget? okay, think about this a week ago, chipotle chipotle had to close an ohio store after some customers experienced nausea and diarrhea. stock dropped a quick% as people said here we go again. assuming this would be like the cole outbreak that obliterated the stock three years ago. but this is a new chipotle, much

better managed the company is doing innovative things it's now under the tutelage of brian nichol who did such a good job at yum's taco bell before coming over. what did people think of chipotle during this particular crisis how about free guac on national avocado day? talk about an obscure holiday. i own a mexican restaurant, bar san miguel in brooklyn, and this holiday, it was news to me how about free delivery of $10 or more by door dash what is a stomach illness in ohio versus free guac and free delivery so investors forgave that. >> forgot and now the stock is above where it was before the incident of course, not everything can be forgiven newell, the house of disparate consumer brands cut its forecasts and the stock down 14%. they told us the trade war might cost them $100 billion they said they're seeing weakness in their baby business from the closing of babies r us, not to mention sudden negatives from their once stalwart writing

group. holy cow put it all together, there was outright con function on the part of the analysts that seemed to rebel about the ceo's statements that net sells were a bit lower than expectations. that's the understatement of the year the community of analysts turns into a community of jackals when you get this level of disappointment and they were not appeased i think newell shareholders, not done with the pain here's the bottom line the overall theme of forgive and forget provided the impetus first session that started out rocky but ended smooth as silk as the analysts and shareholders both decided to accentuate the positive, eliminate the negative and praise a host of formally hated stocks john in florida, john? >> caller: boo-yah, jim! >> oh, what's up >> caller: hey, man, amazon purchased retail drug companies like walgreens running to the hills. walgreens is currently trading at a three-year low around 15, yield around 275 jim, seeing how it's going to

take years for amazon to develop and scale a drug delivery business, doesn't this fear of amazon present a buying opportunity? >> you know what all weekend, and then today when i was at walgreens, i said to myself when am i going the wake up one day and see the stock at 75 because all the negatives are in and the answer is probably not that long. i like your thinking i think it's very similar to some other companies that were decimated by something that was amazon fear like an autozone and then it came right back. i'm with you i think walgreens is a new position for me, is a buy. how about mike in wisconsin, mike >> caller: hi, jim thanks for taking my call. love your show >> oh, thank you. >> caller: my question is on the resale for coal. with earnings coming up on the 21st i'm wondering if there is still room to run until end of the year. >> i got a conference call for action owners club.com i was going over to what to say. this michelle gas, the ceo, she is fabulous. i think if kohl's comes down and yields 3.6%.

buy some now, buy some after the quarter, i think she is going to do a good job. it's very expensive stock. don't forget to tie in with amazon where you to return the goods to amazon. let's call me, jim in new jersey jim? >> caller: jim, thanks for taking my call my question is on bed, bath & beyond they've had a little pressure from amazon and some tariffs i think they buy some of their products from china. >> yep. >> on the upside, the chart watchers are seeing a possible bottom in the chart. they got a great leadership team, great balance sheet. my own experience is i walked in to a face value and beyond last week which is a harm imagine company which is a business thaw started at the end of last year. very perceptively they located it right by a whole foods and trader joe's, and they're quite simply outselling those stores on things like laundry soap and trash bags it seems to me those can be relevant catalysts for sales >> here's the problem. i agree that it's bottomed

i have no catalyst that it's going to send it higher. i would drop it and buy the stock of best buy. bby instead of bbby. there you go all right. now there is power in forgiving and forgetting and we saw that power in action big-time in today's winners. on "mad money" tonight, indra nooyi announced she is stepping aside as ceo of pepsico after some 12 years at the helm. what it means for the company and for you going forward. and then pack your bags and an extra bought of sunscreen i'm eyeing expedia to see if it finally has its group back and a company that finally bringing the bond market into the digital age at last and with transparency so stick with cramer don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet jim cramer at #madtweets

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pepsico's ceo indra nooyi announced her retirement today, and it's truly a tectonic shift. not just for her company, but for way we do business itself. nooyi is a pioneer in so many ways, especially when it comes to the candor with which she approached being both the ceo and a mom, and how hard it is to juggle both. we just don't get a lot of ceos who own up to how difficult the job is, let alone how much more difficult it can be for a female ceo. her honesty, i don't know, it's part of her incredible strength as pepsico's leader. it's a bittersweet story under noaa nooyi's tutelage, pepsico has outperformed, something that most likely would have been unconceivable given a portfolio of snacks and sodas that are growing outdated. since becoming ceo, she added a billion brand every other year, bringing the number from 17 to 22, including pepsi match, by the way that is no calories and

diet mountain dew. and pepsi's dividend nearly doubled to $3.17 this year, a compound annual growth rate of almost 10% that's why it always had a big dividend, a big yield, buzz they kept up in it. but these don't tell the full tale of pepsico's transformation under nooyi. it illustrates how she created the powerhouse while many of the other food and beverage companies have dropped by the wayside. a little more than ten years on a segment with stop trading, i would stack baskets all over the house with doritos and chee-tos and the kids studiously avoided all of them. i was shocked. when i was that age i would have gone through the chee-tos and potato chips like a pack of wild animals. but i realized these kids ren represented the future she called me after the segment and told me i hadn't done my

homework i hate when that happens not long after i visited aberdeen proving grounds and saw the future, sustainable snacks with very little sodium, very little fat made in a factory that had no water footprint because it used the excess water from potatoes it cut she saw the future coming, a future sustainability in healthy eating when few others did here's what she told me later on the show >> i don't know if the anticipation of trends was anything to do with gender or ethnicity or nationality, jim. i think pepsicos a company has had a history of strategic ability. we've always skated towards the trends and tried to proactively shape the portfolio. >> i think indra was being way too self-effacing. her performance with a purpose program and her notion of doing well by doing good are her real hallmarks. as nooyi has pioneered the notion of healthier options while reducing greenhouse

emissions and being at the forefront of diversity these don't pay off immediately, be they're still good ones take a listen. >> you can't just focus on every quarter and say if one quarter is not up to snuff, something should be terrible that's not the way you build sustainable companies. that's not the way you build iconic american companies. and god knows as a country, we need big companies that are performing very well to make sure our country remains strong. >> lately there also been a terrific run in the consumer packaged goods stocks. it's a run that started with a nice upside surprised by nooyi's pepsico. now the company being led by ramon laguarta he is an inside were tremendous international experience i think the rally in the stock has to do with the belief that he'll do something radical to unlock value my charitable trust has a position in the stock. we're grateful for today's gain. but let's not get ahead of the story. nooyi has been bringing out story the whole way. if laguarta can follow in her giant footsteps, i'd be thrilled it would be graep great.

we want long-term sustainability we want what indra has given us for years. so we offer her our congratulations as her tenure closes, and we wish her all the luck in the world as she carries on her championing of larger causes han just faithfully delivering the better than earnings expected share that pepsico has given us for so many years. steve in missouri, steve >> caller: hello, professor cramer how are you? >> i am good, steve. how about you? >> caller: good, thank you it's a little hot here in missouri, though that. >> could be. >> caller: hey, my question is about national beverage, tickerz i've been in this stock for about a year it had a plunge in late june on some class action lawsuits and false and misleading statements. and about 24% of the flow is short. >> right, right. but you know what? the business is good the last quarter was terrific. we've kicked around the idea of doing a story. i keep weight for the stock to

come in. it doesn't come in but i will say this about these guys they do have tremendous momentum okay indra nooyi's retirement is not only a tectonic shift for pepsico, but for the way we do business itself. congratulations to indra we wish you the best much more "mad money" ahead. is your next vacation about to get a whole lot more profitable? find out if it's time to book a one-way ticket with ecxpedia and then i'm sitting down with a man who is the ceo of market access it's a company who was up 40% last year and you may have never heard of it. your loss. i'll reveal it today just ahead. so stick with cramer tomorrow, kick off the trading day with "squawk on the street." live from post 9 at the nyse >> of the fines that the big bank, where did that money go? did you get a check? did you get a check from jamie

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♪ welcome to the hotel california ♪ now that we've had a bit of time for the dust to settle, how the heck did expedia, expedia suddenly get its groove back a week and a half ago the online travel agent reported a blowout quarter and the stock caught fire, surging from $125 to $137 for 9.5% gain in a single session. what made this so impressive well, late last year expedia fell out of favor with the wall street fashion show and it only got worse as the stock collapsed in february during the market wide sell-off. to many people, this suddenly looked like a troubled company it had been red hot because long-time ceo dara had been

hired away by uber after he left the company put up two disappointing quarters investors worried that expedia was spending far too much money to grow its business it was investing from a stock plunge last year when it was a total bargain to less than $100. this became one of the most hated stocks in this market. over the next few months, the stocks started to bounce but it wasn't until late last month that the bear thesis was at last laid to rest when expedia shot the lights out with an excellent quarter and regained the benefit of the doubt. so what made this comeback possible, and more importantly does expedia have more room to run? i think there is upside. let me tell you why it's a good buy. first of all, let me remind you of what expedia actually does. on expedia.com, they own hotels

and orbitz they own home away, the huge online vacation rental marketplace. they bought that a couple of years ago. really made into it the next airbnb they own a big chunk trivago. they help you book cruises, cars they are the second largest behind the company formally known as priceline that i've also been representing what went wrong here why was expedia stock such a dog starting late last year? for starters it was a real blow when the company lost dara dara like sasha, cheryl, these are one-name people that people say that's the person. and when he left, when he got poached by uber, they gave thus guy mark oakar trom.

he was a complete black box. when wall street trusts your ceo, it's easy for your stock to get the benefit of the doubt if the numbers are up to snuff. which brings me to the next. expedia started getting hit with a series of problems there was the intense hurricane season the late last summer, and that really hurt the travel business. and trivago started to see more competition from priceline which started into a revenue shortfall in the first quarter it kind of took people by surprise making matters worse, the company saw a monster 22% increase in its selling and marketing expense last year, far outpacing its 15% revenue growth that really hurt expedia's margins. coincidentally, that's what drove facebook's stock down. it was the increase in expenses and the decline in the rate of growth of revenues that so spooks people. now management explained that these expenditures were all part of a plan. a lot of it involved migrating to the cloud, adopting new technology and help make their advertising more targeted.

expedia has been big on making major investments and growing the business, and wall street sometimes gets overzealous in punishing growth companies for necessary spending but that's not a good look when you're also reporting revenue shortfalls so expedia really fell out of favor late last october when the company reported a small top and bottom line miss the problem? management slashed their guidance for earnings before interest taxes depreciation and amortization, cutting the forecast from the 10 to 15% range down to mid to high single digits ouch that was a brutal combination of bad weather, trivago and higher expenses a lot of people washed their hands of this one. started seeing analysts fret about how the whole online travel agency business might be on a slower growth trajectory, which is why the stock really got hammered now fast forward to february and expedia posted another shuffle this time a small top line in this company with a huge earnings disappointment. get. this 48 cents. wall street was looking for a buck 15.

and anyone hoping for growth, well, the growth to pick up and management's forecast for me, looking for just 6 to 11% growth, that's hardly -- it's hardly a big growth company, right? to make matters worse, expedia reported right into the teeth of the big february sell-off which is how the stock plunged from the low 130s in january all the way down to 90 bucks on its intra-day low on january 9th basically, the bears figured that the business was slowing dramatically but rather than trying to cut costs and trim the fat, no, expedia decided to double down on its troubled business that made it more of a hateful story. so how did the company pull off this recent comeback when everybody hates it how did you get to forgive and forget like i stalk etalked abo the top of the show? some of it started in april when the analysts started to think maybe they're smart. maybe they're actually going to pay off. maybe the guys at expedia know what they're doing and they're not just a bunch of drunken sailors. when the company reported its

first quarter at the end of april, the numbers were better than many people feared. even if they weren't totally spectacular, we got a modest top line beat and more than anticipated earnings loss. that's how it start, people. that's the beginning just as crucial, management announced a $15 million share buyback. now that's equal roughly to 10% of the share count, which was a real vote of confidence. i always look for something that's that big in magnitude so the stock surge in order than 8% on the news but even after its first good quarter in a while, there are still many investors that expedia could return to its own growth trajectory. that's why the quarter these guys reported a week and a half ago was so important and why i wanted to do this piece tonight. it proved beyond a shadow of a doubt that expedia is once again firing on every single cylinder. the company posted inline revenue up 11%, but that translated into a colossal 49 cent earnings beat i thought it was mistake when i read it, off of an 89 basis. was up 19% home away's business more than

doubled. how about the $15 million share buyback that i mentioned they already repurchased 4 million shares here to date. shows you how they think it's undervalued. remember how they guided in the earns before interest, taxes, depreciation and amortization? this quarter that number was up to 18% ♪ hallelujah which is why management slightly raised the forecast. after seeing the numbers, i think the ceo is simply being conservative i think he is practicing underpromise, overdeliver. on the conference call he said the company has great momentum going into the second half all that speeding that expedia has been doing to bolster business, you better believe it's working and make no mistake, expedia still has a ton of firepower to expand in the rest of the world. there are companies like france and germany where priceline deals with many, many more hotels than expedia does that means these guys can keep signing up additional partners and the home away business, it's

absolutely glorious, and man was it bad for so long the stock's trading just 21 times next year's earnings estimates despite having a 16% long-term growth rate that is dirt cheap i think the price-to-earnings multiple could end up smaller than it seems because the estimates could be too low the bottom line, the recent rally is an object lesson which is why i had to tell you about this, and why you shouldn't panic when you're dealing with a high quality stock in a growth industry the stock sold off hard when the company stumbled, but it's now made an incredible rebound i think it's got much more upside here. expedia is inexpensive, and the stock is still more than 20 bucks off the all time highs even though it's a better company than when it had the highs. i'd be a buyer right here, and then i'd buy some more if the darn thing would ever come down. let's go to pennsylvania >> caller: good evening, jim long-time follower i want to thank you for your many years of entertainment and educating the public. >> you're very kind. and yes, it is that order.

if i don't entertain, then no one's going to learn thank you. >> caller: i'm calling about my position in american airlines group, aal >> yeah. >> i purchased a sizable position when it came out of bankruptcy about three or four years ago. i've seen the airline stock struggle, hitting a high of $59 earlier this year. and it seemed to have done nothing since then with the current geopolitical issue with oil. >> right. >> caller: and competition from international low-cost carriers, i want to know if american airlines will ever fly again. >> let's put hit the way i don't want you to sell it down here because it is way too low it's not as high quality as southwest air which is making a comeback that would be my preferred one, but this thing is too low. if oil will ever break down, you'll get a nice trade up that said, i am a bull short-term on oil. soy don't expect anything good to happen for a little while let's go to jim in california. jim? >> caller: hey, jim. thanks for taking my call.

i wanted to ask youf-u-n >> they got to come on this show because that wassed a bad quarter, bad i was going back and forth with my writing partner matt and seaworld too, which had a good number that something is very wrong at cedar fair, and we can't pin it down because the consumer is doing quite well they have to come back on air and explain to us what's going on when high quality stock like expedia takes a nosedive, you check. in you know what this rebound that we're getting, it's real. and i don't think it's done. much more "mad money" ahead, including my exclusive with a company that is up over 500% over the past five years don't miss my exclusive with the ceo of marketaxess plus, innovating for a healthier world. hey, there is a broad theme. but can it also innovate for a healthy portfolio? i'm sitting down with the ceo for a delightful company and all your calls in tonight's edition of the "lightning round. so stick with cramer

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i think we have to explain the odd recent decline in

marketaxess holies the marketaxess is an electronic trading platform for bonds basically, they want to introduce more liquidity into the system and make the whole process of buying fixed income securities simpler for traders and investors, maybe for you it's a real good idea, and that's why the stock has been such an incredible long-term performer. it's up more than 250% over the past five years. but, and sate big but, in recent months the stock has fallen off a cliff. the stock is down nearly 20% from the all-time highs in march. what nation decline so tough to get your arms around it's really hard to pinpoint what's causing it the company keeps beating wall street's expectations, though the beats aren't quite as big as they used to be the latest quarter was pretty strong it could take a temporary breather while it grow let's talk to richard mcvey. welcome back to "mad money." good to see you. >> thank you >> have a seat thank you so much. >> all right, rick, it is a bit of a quandary.

you are delivering and delivering and delivering. but i think a lot of people think you know what? it's a calmer time and if it's calm, we don't need market access. i think that's the wrong view. >> yeah, well, there is certainly some of that going on in the short-term, i think bond markets have been a little quieter than we're used to we feel really good about the first half of the year in terms of our long-term priorities and the results that we achieved more clients are using the system than ever before. our alt module continues to grow our international business has never been business. but overall we're in this period of low volatility and it's not generating the kind of secondary trading that we're used to >> well, i thought of this weekend when jamie dimon said we might have 5% interest rates and i said to myself marketaxess doesn't necessarily care about the direction, but the idea that there could be some movement would certainly be positive for you guy, he hope he is right i think the odds favor rates heading higher as you know, we've seen a brett

pretty good movement in short-term rates. >> right. >> over the last year. but less so at the long end of the curves we have a very flat curve right now. the one thing that i'm watching closely is the end of quantitative easing. and it looks like the schedule will have that finish by the end of the year. to me, that's a big change for the market. >> right >> and i think the ride is going to be a little bumpy when that ends >> how about the idea that the government is going to issue a trillion dollars in debt there is going to be debt auctions coming. i remember when the old days when i used to trade bonds auctions drove huge volatility that should be good for you? that >> should be really good the combination of deficit up, treasury issuance growing again and the central bank stepping away from quantitative easing puts us back in market that's where i think we do get better trading conditions. >> in the meantime during what is a relatively calm period, you've been taking shares from everybody. >> we have if you look over the last ten years, there has been a consistent movement year in and year out of investors trading more electronically and moving business away from the phone

and we see the same thing this year, whether it's high grade, high yield, emerging markets or heroes, market share or electronic continues to move up. >> now, i do want to talk about the global electronic platform we've got trade execution, post trade services, tracks, and straight-through processing. are any of these in turbo charge regardless of the direction, the quiet nature of the market >> you know, the majority of our revenue still comes from trading commissions. >> right >> so 75 or 80% of company revenue is coming through trading volume i think the one to watch is data we real really good about the data tools that we created for our client, helping them with price discovery on the platform. and longer term we think we have a bigger data revenue opportunity. today it's a relatively small part of what we do >> so can you explain to our viewers who would think, well, wait a second, price discovery i look at the treasuries everyone know what's the price how important this is for some of the more abstruse instruments that net people trade. >> it's incredibly important

because the corporate bond markets if you look at high grade and high yield, you've got something like 150,000 unique. and if you look at the municipal bond markts over a million q sips it's very important to have data tools that give you a good indication of where pretrade where they should trade. >> i used to say the thing wasn't in the newspaper, i'm not going to buy it. but there are a lot of very difficult to value bonds that i want market access to help me with as an investor and a hedge fund because people can make up their own prices you end that process, right? you have the ability to give a real price. >> that's right. we not only built the data tools, we made it easier than ever to canvas the market for the best price through our module combined with the liquidity that's on the system here's how it different than it was in the early days of your trading in the bond market last quarter alone do you know we had over 750 firms providing

liquidity on market access so we've really widened the funnel so that we've created a real marketplace and not just a one-way street going down limited dealer balance sheets. >> well, i'm betting if there is more volatility, if there is more volatility i bet i should bet by owning marketaxess. thank you to rick mcvey. they need a little more market volatility "mad money" is back after the break. ♪ this is a story about mail and packages. and it's also a story about people. people who rely on us every day to deliver their dreams they're handing us more than mail they're handing us their business and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service.

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"lightning round" is sponsored by td ameritrade >> it is time! it's time for the "lightning round. >> buy, buy, buy, buy, buy, buy. >> sell, sell, sell. >> sell, sell, sell. >> and then the "lightning round" is over are you ready, skee-daddy? time for the "lightning round. daniel in georgia, daniel? >> caller: ba-ba-boo-yah jim i'm calling about lending tree, ticker symbol tree-r-et-r-e-e. it got hit by higher mortgage rates and it can't find a fitting that is the same case with zillow this very evening. so i say don't buy, don't buy, don't buy.

>> larry in connecticut, larry >> caller: boo-yah, jim. i love the show, jim. >> well, thank you >> caller: i want to thank you for taking my call i have an interesting philip morris and need to know what you think of it. >> i'm worried about all these different things that have to do with the alternative cigarettes, and that's why i have walked away from the group. >> sell, sell, sell! >> plus, i can no longer in good conscience recommend a cigarette stock. i just can't let somebody else do it. it's not about money when it comes to that. let's go to andrew in new york andrew >> caller: jim cramer, boo-yah >> boo-yah to you. >> caller: opko. >> which one >> opk. >> oh, opko health ever since they bought reference lab, it's ban dog. sorry, you better come on and explain why we should by opko health tom in new jersey, tom >> caller: hello, jimmy.

i'm in lafayette, new jersey. >> lafayette we are here what's up? >> caller: hey, i got pinched by us steel, and buy, sell or hold, what do you think? negative, i don't like city. that's what we call it, letter x. i do like nucor. they are going down because of autos and infrastructure i couldn't take the pain that is letter x how about richard in california, richard? >> caller: thank you for taking my call. >> caller: no problem. want to get your thoughts on the trade desk, is it still a buy? that is the most red hot stock i think they have another couple of good quarters ahead john >> caller: jimbo, boo-yah! >> boo-yah >> caller: i got a good one. i picked it up in march. you recommended it epr. >> entertainment properties. >> buy, buy, buy >> that one in particular, that is tarred and feathered for the

wrong reasons. it had not that bad a quarter. they're back and so is the preferred even better u. mina in maryland >> caller: hi, jim thanks for everything. >> of course. >> caller: how about eep >> you know, this is the 12% yielder one. they're putting all these together i think it is a buy. i like enbridge very much. the pipelines are making a major comeback one more, let's go to carrie in south carolina, carrie >> caller: hi, jim thank you for taking my call. >> of course >> why not nokia >> this is a $5 stock people are atrookd. if it was a $50 stock, you would be saying -- >> sell, sell, sell! >> and you would be right. and that, ladies and gentlemen, is the end of the "lightning round." >> the "lightning round" is sponsored by td ameritrade how'd that go? he kept spelling my name with an 'i' but it's bryan with a 'y.' yeah, since birth. that drives me crazy.

yes. it's on all your email. yes. they should know this? yeah. the guy was my brother-in-law. that's ridiculous. well, i happen to know some people. do they listen? what? they're amazing listeners. nice. guidance from professionals who take their time to get to know you. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪

did you happen to catch last thursday's remarkable run of a long-time cramer fun pki it makes diagnostic equipment with a stock that vaulted 8% single session after reporting a fantastic quarter. it is up 20% year to date and it's been a big long-term outperformer that's double the return you get from the s&p 500 i've been a believer in the story for a long time, but even i was shocked by their recent numbers. the company posted a 5% earnings

beat, higher than expected revenue of 29% year-over-year. a lot of that growth comes from acquisitions but when you drill down, their divisions, life sciences and diagnostics, they're giving you 10% organic growth that's really impressive earnings forecast, no wonder the stock caught fire. can it keep climbing let's check with robert frieler to learn more about where the company is headed. mr. frio, welcome back to "mad money. good to see you. thank you so much for coming on. >> good to be here >> i never see this. i never see this this is perkinelmer from jeffreys the guy says perkinelmer's 10% organic based business growth in the second quarter made a mockery of the consensus view plus 6%. how did you make a mockery of the 6% >> well, i don't know if we made a mockery of it, but we're very pleased with the performance in the second quarter and as you mentioned, it was broad base it was in both businesses.

and i think what's fundamentally driving that is probably three factors. first of all, we have been on a path for the last couple of years to really improve the portfolio and focus the business in those higher growth market, more attractive. sipping on that's been very helpful. and you're starting to see the benefits of that benefits of very good macro trends impacting those markets the second aspect is, again, we've taken up our r&d spending. we're driving innovative new products into the marketplace, and they're starting to sort of see the growth that's driving that and then the last one is i think we are executing better as a company, and at the end of the day, the foundation of a great company is the organization. and i think we've got a terrific organization >> it's interesting to me. five years ago i wrote a book that maybe have to split the company up to get the valuation. it turns out this the two divisions really do work quite well but the market just wasn't giving you the credit until now. >> yeah, i think that's right. look, that was a one way of creating value i think,

splitting the company up a couple of years ago. but i think we felt that if you look at the core capabilities of what perkinelmer does, it really get downs to detection image, and we also do some software and infomatics we have the ability to the tech very act cry will, quickly, small microscopic items. that allows our customers to make a dramatic impact in health broadly defined. what we're trying to do is take those capability, leverage those in the fundamentally three markets. and maybe we can talk about thoechlts. >> i do want to say. when you say infomatics, you're really talking about artificial intelligence >> part of that. eventually i think that's the opportunity. but today what happens is as the detection and imaging instruments get stronger and stronger, more sensitive, they generate more data so you need the infomatics to help make sense of that. eventually with deep learning and artificial intelligence, you're actually going to be able to have lot of that done by the machine. it will be more accurate, much quicker. >> it sounds like there is a lot

of, say, invitro screening, screening with in china people seem to be crazy about your stuff. >> yeah. we've had very strong growth in china. and again, if you look at sort of three end markets we operate. in and i would say this is broadly defining health. you start what we eat, what we drink, what we breathe so about 25% of our business goes in looking for contaminants and pollutants and sort of the environment. >> sadly, really important. >> right for example, we can look at your food in 30 seconds or whether your water has lead or arsenic in it. another 40% of the revenue goes if you are sick and you go to the physician and you want to get diagnostic testing we supply test tlchlts and again, it's all around being accurate and being able to describe what the potential disease state in and if you are sick and you go to the doctor and he prescribes drugs, about 35% of our revenue is focused in pharmaceutical companies and helping them see

inside the cells, actually realtime live cells and understand the mechanism of the drug so as china has been investing in health care, we've been a big beneficiary of it. >> i have to in the time remaining, i'm reading a book. you must have known that nobody could be doing dhash the claims they were making, you were the most sophisticated, maybe aluminum thermomaker but probably diagnostics of anyone you must have known it was impossible what they were doing. >> it's interesting you say that a number of years ago one of our board members came to me and said what is this? we spent a lot of time first of all trying to find any scientific or technical knowledge about the company. >> very hard they're opaque. >> and we sort of concluded that we didn't understand it, and so since we didn't understand it, we stayed away fortunately but it was as we're finding out now, there wasn't much substance behind it. >> no. and yours is totally

substantive. everybody uses i want to congratulate you for bringing out all this value. you did it yourself. you're a remarkable company. >> well thank you very much. >> that robert friel, perkinelmer ceo. they always talk about diagnostics. you know how much i think that's a great theme, life sciences, food markets it's all right there for you "mad money" is back after the break. risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. the leof up to 24 lapsline is taround the world.ent experience an unrivaled feel for any road at the lexus golden opportunity sales event. experience amazing at your lexus dealer.

my dbut now, i take used tometamucil every day.sh it traps and removes the waste that weighs me down, so i feel lighter. try metamucil, and begin to feel what lighter feels like. is this at&t innovations? yeah, wow..this must be for one of our new unlimited wireless plans. it comes with a ton of entertainment options. great, can you sign for this? yeah.

hey, uh.. what's in that one? that's a shark. new and only with at&t, you can get unlimited data, 30+ channels of live tv, and your choice of things like hbo or amazon music. more for your thing. that's our thing. visit att dot com. it was a very odd day. i watch this facebook all day, and the recommendation really wasn't that compelling it just seems like people can't get enough of social media, even when they're down. so i think that stock still has a few more points up before i know i'm going to get cold feet. notice how amazon went up a lot, and that's one i've done a lot of work on over the weekend. that is still a buy, even as i know it -- let's just say it's moved up a lot i like the say there is always a bull market somewhere. i promise to try to find it just for you right here on "mad money. i am 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." ♪ first into the tank is an entrepreneur with a revolutionary new bike accessory. hello, sharks. my name is kent frankovich. i'm a mechanical engineer from san francisco, california, and co-founder of revolights. i am seeking $150,000