talks about yields going higher fast so far i think it's a contrarien trade tlt long. >> it for "options action. see you next friday at 5:30. in the meantime "mad money" starts now 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. all right. this is going to sound out there, i know that, but bear with me. has it occurred to anyone, that maybe, just maybe placing tariffs on china might actually

be good for our economy? we now have the strongest market in 49 years. the dow gaining another 83 points today. you might want to consider the possibility that tariffs could be -- i know, it is out there. i said that -- positive and not a negative this is now an amazon economy. there is always someone else out there who can give you a better price. that is globalization. most american companies will start sourcing their merchandise. here is how i see it playing out. a company like walmart that imports tons of stuff from the people's republic might get a

small hit. in the meantime, we have the tax cuts in red hot economy. this is hardly the end of the world for walmart, remember, everybody got a big tax cut in the corporation world. no matter how much you hear people fretting about protectionism, the stock market clearly doesn't see these tariffs having much impact on earnings per share, or else the averages would not be hitting all time highs every day why don't we see what is on tap for next week. first we will be sitting down with the ceo of jpmorgan

on monday, we should know the bidding results for sky. disney and comcast have been fighting over this thing and it is a dice world situation. i bet we get a settlement that makes both companies happy how about earnings not long ago we were waiting for the viability of messina it got so much the stock treaadd for below two bucks. i expect the stock to rally and rally hard frankly i don't think it will be a huge decline this is like the hodge for technology, while we are out there, we are going to sit down with some of the best minds of

silicon valley given the arch rival adobe just bought a company that will give it a competitive edge against salesforce no wonder the stock got slammed, maybe adobe had a good reason. we will hear from two gigantic winners for a long time, nike and cintas my take, i expect the numbers to be great whether that sends the stock higher is another story. i like nike going in the quarter. as for cintas, this uniform rental service has blown away the numbers quarter after quarter. i think it remains a fabulous play on resurgence of small

business in this country i would buy cintas at the end of the quarter. the federal reserve meets next week and expected to raise the rates by a quarter of a percent. this event is the biggest hurdle you need to wait and see what the fed has to say we have to parse the statement before you buy them. we hear from car max on wednesday morning, isn't this interesting, the used car market is robust. it is not all sunshine and roses, bed bath and beyond reports after the close, and people have lost a ton of money speculating that each quarter will be the time they finally turn it around

the bulls figure it will get its act together or the company will take itself private. plus, i think bed bath can get hit by the tariffs, they source a lot of stuff from china. why bother with this one in the morning, we hear from accuracy se-- ack sen cha it helps many enterprises to go digital. i would buy before the quarter and some after my favorite food stock reports before the opening and that is mccormick, the spice company, a year ago they bought frank's hot sauce, you know, franks, they put that stuff on everything

and also french's mustard. and ever since that deal started paying off a few months ago, the stock was unstoppable. this is a fantastic growth story. you might want to wait until the stock cools down before buying we also hear from conagra. so beloved by millennials. finally we get results from vail resort this is another company that has repeatedly shot the lights out the secret behind vail success experiential here is the bottom line, we have

a bunch of good quarters getting ahead of next week as well as the key fed meeting that could push the bank stock harder and put september the difficult month of the year to bed hopefully with flying colors let's go to brandon in illinois. >> caller: booyah, thanks for taking my call from chicago, illinois. >> i got a bunch of guys that i am playing fantasy from chicago, what's up? >> caller: calling about dnkn, the potential dunkin buyout. do you think this is a good buy? >> you know, there are short sellers saying this one is falling apart.

i think they have been proven wrong. the stock is rich, i am not going to recommend a stock that is rich on take-over chatter starbucks works well yo i don't think this is the quarter it turns jim in new jersey. >> caller: jim cramer, jim from jersey, how are you doing? >> chief, i'm doing great, how about you? >> caller: i am doing great because i have listened to you for the last ten years and this week -- >> all right >> caller: i got a question for you. the american automobile has slowed up. now in the electric age and i got to ask you about a stock that will be a great contender

against tesla. it is nio. what are your thoughts on it. >> we are not recommending any chinese stocks, we are in an economic war with china, we don't want to put any of those on our sheets right now, nothing from china nothing. let's stick with new jersey. let's go to david from new jersey. >> caller: jimmy, good evening, calling you on arconic in august, they report they are willing to sell and open to offers had a nice run since, do you believe a sale is eminent and if it can go higher. >> i can't recommend a stock on a take-over basis. i am not going to push it. i say good riddance. next week will be a powerful

one. putting the month of september to bed with flying colors. on "mad money" tonight, after reporting red hat is in the red, is this your opportunity to buy or should we be more circumspect? let's speak with the ceo then, the thought of buying an engagement ring could make your palms sweat. i am taking a look at the companies potential after a couple of tough months might sound scarey, but i am talking to one private company that is helping you stay secure. stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a

call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. nice. good evening, sir. good evening. glengarry chamberlin, esquire. welcome. jimmy crabtree, plus one. welcome. ♪ play just got serious in the all-new toyota avalon. today's senior living communities have never been better, with amazing amenities like movie theaters, exercise rooms

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exactly how worried should we be about red hat? the open source software company is integral to helping businesses embrace the cloud two days ago red hat reported its second not so hot number in a row. pull backs tend to be terrific buying opportunities but that is not what happened this time. you have to wonder if something changed here r red hat cut their full year sales and earning. getting competitive with the rival software competitors has red hat been punished enough

can this fast growing get its groove back. let's have a talk with jim whitehurst i think you are a terrific ceo and have a great company, the bulk of your business is in enterprise linux and it grew at 8% you are one of our cloud kings and unacceptable to grow in -- what is happening. >> three years ago or two and a half years ago, we started down a path of getting our customers in three years agreements. it gives them time to go and sell them new products those three year agreements are typically fixed so they distaong up in value every year

now they will next year when these first round of three year deals go back up for renewable we talked about how next year, you should see more growth we did say we expect this is the bottom that it should reaccelerate from here we have good visibility and our total backlog grew 20% so a good sense it will accelerate from here. >> i know you have been saying that, the thing i am concerned, i got to ask you, is there any chance that there is no enough customers left out there >> oh, not at all. if you look at the macro drivers just for linux which is our traditional business, it continues to look strong the vast majority is for linux and it has shown that our customers stay with us when they go to the public cloud whether that is big data the

vast majority is on linux. the market is growing very, very nicely so we are not concerned about that just we have locked customers in these longer term agreements we have to wait until those renew until we see growth. our big push into the cloud around things like open shift continues to grow really fast. the cloud portfolio is growing really fast. >> to an on premise provider, i know it was on price, but jim, your offering is better than any on-premise, i can't believe you lost anything on price. >> over the last three years, that 300 deals, we had two competitive losses that haven't come back. so to some extent do we want to

cut our price or okay with somebody trying something else and typically they come back so we have only had one other customer beyond this one which went away and didn't later come back and so again, if you went all 300 out of 300, it probably means you are under pricing. so i am okay losing one every now and again. typically, they do come back we have had other losses where they come back. >> i read a piece by eric johnson. and you talk about actual slowing, you said culturally there have been changes in the way people do things and that worried me, because that seems like a secular decline. >> we have two pieces of our bi% aware. we have something called middleware and that we talked about for a while was slow it is being replaced by our

new newer middleware, with our messaging, our api management and rules. overall, that portfolio if you look at bid aware, it is emerging and tends to be really healthy with good customer adoption. >> how about a big strategic partner for you. maybe an amazon, a google can be your partner, right now microsoft, ibm partner, how about somebody huge that you could land so i could feel better about the growth. >> we announced a big partnership with movemeicrosoft big one with ibm we work closely with google and amazon a large piece of open shift which is our container platform does run on aws and last year at our conference, we did a whole

piece on open shift on aws and how it runs really well there. our dedicated service is there they are a good partner on the public side as well. google we made some announcements with i would say aws and microsoft are big drivers of our next generation portfolio. >> fair enough, jim whitehurst, says an acceleration is coming up ma "mad money" is back after the break.

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wall street loves a good comeback story that's why we are always on the lookout for troubled companies

finally giving their act together let me give you an example, signet jewellers not long ago, signet looked like it was road kill it was like the pain never stopped. the darn thing plunged from $150 down to $33 at its lows this past april growth started slowing because most stores are shopping mall based. people realized that the company had become more of a lender than a jeweller lending money to people with bad credit in order to juice their sales. when they took a stop to those practices, the numbers took a hit. hundreds of female employees claim they had been sexually harassed or discriminated

against. there was a lawsuit. and several were implicated. what happened to signet was a horrible injustice but purely from a business perspective, the last thing a jewelry company needs is being hostile towards women. after months of damage control, signet told us they were bringing us a new chief executive. gina drosos. and before that, she spent 25 years at proctor and gamble she started delivering an incredible turnout from its lows in april, signet has already seen its stock more than double. she says the key to any turn is managing expectations.

under promise and over deliver she slashed the full year sales and earnings forecast, it was just a gigantic guide down in response to stock, loses more than 30% of its value. and in early january, she shaded down the earnings forecast more, reporting a not so hot quarter this time she decided she needed to take a blow torch to the guidance she said the company would start earning somewhere between $3.25, and $4 analysts were expecting $6 instantly signet loses another 20% of its value this whole experience was brutal but she did the right thing. she needed to reset expectations

and when she realized the extent of the damage, she took the dramatic action you want to see. the signet path to brilliance. and at the time this was overshadowed by the guide down she brought in two female board members to help fix the culture problem. part of a longer term plan to outsource all of their lending she wanted to get back to basics of becoming a jeweller purchas purchased. on top of that, she rolled out a

major cost cutting plan. closing stores which is a big year for a company with roughly 3,000 locations. improving ecommerce business these days people like the option to buy everything online and i thought drosos showed ingenuity. the guidance was so terrible people wanted to take a chance it didn't take long for signet to get its groove back wall street was looking for a 3.9% decline zales was actually up 9% the digital business went to double digits. they plan to use the remaining $450 million in their buyback

over the next nine months. she didn't want to overpromise she talked about signed of stabilization and cautioned the next quarter could be difficult. still with all of that caution, the stock spiked 18% then in july we got good news. signet finished outsourcing its credit business. three weeks ago, the company reported an absolute true blowout maybe one of the best in 2018 after under promising, she finally overdelivered. they earned 52 cents a share drosos totally sandbagged the bears here

ecommerce business, now it is roaring. you know how they were supposed to spend $4 million in nine months, they did it in three they have retired 25% just over the previous year. one of the most aggressive buybacks i have ever seen. since then, signet has been hit with a downgrade, warning about intense promotional activity worried without the extremely generous credit business to boost sales the company will need to cut its prices to drive sales growth i don't know about that. when you look at the consensus, estimate, they are only looking for 2% growth. going to give the earnings per share a real boost i suspect the estimates are too low.

and the stock is cheap here. the stock has easy comparison. and i think retail is going to be fine. the bottom line, gina drosos have become the true master of upod under promise and over delivering on. it is worth betting on amir in virginia. >> caller: do we hold on to it, or sell it >> people are worried about tariffs because they import stuff from china i say i am worried about missing the next move. when gary freedman buys stock, you got to buy right along with him. ja jake in michigan. >> caller: booyah. >> what's going on.

>> caller: i took a position in pvh. since then the stock has had a great run and i have taken enough off the table to where i am playing with house money. where do you see pvh going from here >> a lot of people thought it wasn't as good as vf's i have gone over it, and i thought the quarter was fine i think the stock is a buy i would hold on to pvh. >> signet finally got its act together more room to run how should you protect yourself from cyber attacks i am sitting down with a private player many are concerned that the memory chip might be -- and all

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as people more and more of their lives online, the need for effective cyber security keeps growing. we need to check in on privately held take q6 cyber. most companies are reactive. q6 takes a proactive approach. they go on the offensive by

monitoring thedigital under ground to identify potential threats before they happen they are like digital spies. almost like a corporate counter espionage outfit i got a chance to check in with he willi dominitz founder and ceo of q6 cyber. >> one thing that seems very different here is you seem to know where the bad guys are and what they are up to. >> exactly what we do. we take a fundamentally different approach to security we practice intelligence, preach intelligence it is similar and related to security but quite different let me give you an example if you are the new information security officer of a large enterprise, you believe your mission is to detect attacks in real time and repel them and

st stop them. you are dead wrong it is too late these guys are steps ahead of you. what we try to do is go after the bad guys, and find out who they are, and what kind of tools they are using, what tactics, who are they targeting and why they are targeting you they can be prepared and eliminate these threats early before they begin bigger problems. >> why isn't the government doing this >> it is protecting the private sector, banks health care companies, is not always the number one priority the government is doing a lot, we work with them but it is not enough. >> you have six of the top ten financial institutions and two of the top five internet companies, what are you finding out?

>> primarily specific targeting, new types of malaware. a few months ago, we detected an advance malaware author was going after a bank in the u.s. we told them these are the tools they are using and put in different measures to make the malaware attack ineffective. they are trying to detect attacks, events in real time and the problem is it is too late you got to go out there and engage these guys early. >> do you find things for customers that weren't customers and tell them, look, you got to look out for this and then they hire you and put you on a retainer. >> all the time. we put out a lot of alerts to

companies. we provide the information many of them come back to us and say we want to do proactively and on a regular basis and that happens quite a bit. >> you do have serious places you hire from. elite units, intelligence agencies in u.s.a. and israel. those companies have seen what you have done. >> i'm very proud of the team we have we have offices in the u.s., tel-aviv, san jose, costa rica the people we have are incredible they have been on the front line of intelligence agencies for a long time. they come to us because it is exciting the work we do is cutting edge going after the bad guys every day is more fun than having them come after you >> what about state sponsored. we are fighting back against the

chinese. >> look, the chinese, north korean, iranian, and russia is after all of, we track o organizations that are affiliated by a nation state they are supported and have a relationship and really, that is why we are here. for a long time america waited, we weren't proactive, we were defensive, and these guys are smart and sophisticated. we have to wake up and be more proactive. >> can the federal election commission hire you? >> i don't want to comment on any specific clients, but we have good relations in the public sector. >> that is eli dominitz, founder >> that is eli dominitz, founder of and ceo of q6 cyber

this is john, and i'm with pactel cellular in los angeles. well, welcome to the demo... (danny dichter) ew wireless technology was being tested for the first time ever. it allowed more users to connect at the same time while on the move. other wireless carriers considered the tech too expensive, but we saw it as the birth of reliability and the backbone of a company we all know as verizon. so we were the first to commit to the cdma system and the first to build our entire network around it. today, once again, we're transforming reliability as we know it, building america's first and only 5g ultra wideband network-- with unprecedented capacity, enabling faster speeds and the lowest latency anyone has ever experienced on a wireless network. which is crucial, because we'll be relying on it

more than ever. (man) it's really quite impressive, uh, what y'all have put together here to, uh, to show the quality of the system.

>> announcer: lightning round is sponsored by td ameritrade it is time

it is time for the lightning round on cramer's "mad money." that's where i take your calls rapid fire you tell me the name of the stock. i tell you to buy, buy, buy or sell, sell, sell 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 monand t concludes the "lightning round"" >> announcer: lightning round is >> caller: booyah jim. i think the company is okay. but i do prefer fed ex more. let's go to greg in california >> how are you doing >> i am doing well, how about you. >> caller: i wanted to get your opinion on com stock resources. >> we are not going down the speculative food chain you buy bp and you get that 5% yield. come back, let's go to sybil in

louisiana. >> caller: hi, there >> sybil. >> caller: hello, mr. cramer. >> how are you >> caller: fine, thank you >> my pleasure. >> caller: okay, well, i am interested in at&t and i am wondering what you would suggest. >> i like it it is 5.9. you can trade up 10% in a snap i want to go to jim in florida. >> caller: hello, james, happy friday to you and your very nice staff. >> we are kicking it right here. how can i help >> caller: i need a tech stop in my portfolio to remain diversified. to be honest, i am a little afraid to invest in. but i am thinking intel. any better thoughts? >> caller: intel doesn't have a ceo. there is a problematic situation. if you want a lower risk stock

in that segment, i would gt they may be go-go for you. i like nvidia. tom in connecticut. >> caller: my wife and eye own teladoc health >> things are good, it is not the right time to buy it if you want to hold on to it, fine it is disrupting the entire doctor patient relationship in a positive way dustin in california. >> caller: mr. cramer, how are you? >> good. how about you? >> caller: mazor.

>> medtronic got major much too cheap. i need to go to gary in florida. >> caller: hello, cramer well, when my father passed away recently in january, very high interest paid dividend stocks. and one i have been watching called etp energy transfer partners it looks like it is being taken over. >> it is a high risk well, it is merging with etp and it is a high risk situation. the balance sheet wasn't good. but you can hold on to it. it is not a great situation.

>> let's go to hube in florida >> caller: booyah. how are you doing? hey, jimmy, i have a stock called walmart and have been doing some very, very good progress, okay >> look, i like walmart very much, it is expensive, but be careful. here is the one thing i would tell you because of the tariffs, probably guys cutting tariffs. and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is sponsored by td ameritrade >> booyah, jim. >> maybe they are not my style, but they look good on some

people, i'm sure. >> maybe we need to take these worries not with a grain of salt, maybe a whole container of iodine enough oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. not anymore, is enoh td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopent. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪

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all right. here is a riddle which matters most, the fact that micron made down beat comments last night about select clients are making inventory reductions the stock got hammered today fell 2.87% by the way, the code for the customers have way too many chips and just don't need anymore. but didn't we all know about this it is why micron has been free fall for ages. after this decline, this is amazing, do you know that micron sells for 4.2 times earnings do you know that micron is the single cheapest stock in the entire s&p

499 stocks that are more expensive. it does tell you that no one believes in those estimates. so were the sellers surprised to hear that gross margins were declining. were they shocked there was an impact from president trump's tariffs when it was well-known that micron makes a lo secret that intel's issues are slowing down the whole darn industries to me, these were knows and not unknowns plenty of people who bought the stock. let's be honest because noted hedge fund manager david stepper came on cnbc buying a stock from that kind of

endorsement is a big mistake for all we know he sold it wednesday. maybe he bought more today who knows. he is not here to tell us. yes, historically, this is a boom and bust company. but this time may be different because micron has never ever ever had a $10 million buy back underneath its stock when it reported bad news. on last night's call, we certainly view our stock is being -- we will continue to maintain a healthy balance sheet and use strong free cash flow to support our $10 billion buy back and access opportunity to accelerate the time line completion accelerate caused by customers who were double ordering micron's d-rams and now they have too many chips. something that has happened to

this company many times before i think the buyback could make a huge difference. what makes me say that consider what buybacks have done for other large semiconductor stocks remember qualcomm. nxp found a buyback take-over. you have to look, have you looked at broadcom, you know that stock has worked its way ever higher. and texas instruments was up nicely today after announcing a $12 billion buyback itself before you sell micron, remember that one out of five of your shares might be bought back by the company itself very few people are going to want to buy the stock of a company where the earnings are going to be down i get that so i expect continued selling

until all the hot money is left in the stock i think we might look back and wonder of all the other times micron could act like a safety net. with that buyback going on, i think the potential upside could be enormous. stick with cramer. directv gives you more for your thing. if you've been waiting for a sign to quit cable, then here's some signs. ♪ quit cable it came from the toaster.

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come on, denise. we're voya! we stay with you to and through retirement... with solutions to help provide income throughout. i get that voya is with me through retirement, i'm just surprised it means in my kitchen. oh. so, that means no breakfast? i said there might be breakfast. i was really looking forward to breakfast. i know... voya. helping you to and through retirement. on monday sitting down with jamie diamond, ceo of jpmorgan talking about everything that matters, tariffs, business, trump, lending, the fed. you name it. and then out west invest in america. 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

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