>> awesome. >> we should play it on a loop tp can we put it on the website and twitter account viacom. >> that does it for us back here tomorrow with fast "mad money" with jim cramer starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. what happens when the president is distracted by saudi

arabia, and a couple of big capitalization quarters report good quarters, you get a big rally like this one. the bears are going into hibernation, and the bulls have the run of the joint s&p running 2.1% nasdaq pulled more than 2.89%. it is a reminder that when you need to buy stock, you got to buy stocks when everyone else is panicking. you have to buy when the market is flying apart. anybody who had the bravery to jump in, is already rewarded that is why we told club members that you had to buy something, something because a panic is a terrible thing to waste.

and never, ever, ever sell into the big teeth of a decline you now have my permission to leave. not that i would take it this is why i tell you panic is not a strategy a lot of people on twitter were calling me a moron in not a chuckle head because i said i was okay with doing buying and then the market sold off the next day. who is the moron today sorry, i couldn't resist if you want out, bye, go ahead, take it. third, the market is still playing by the rules the major indicators are working like a charm i said late last week that the late mark haynes told me the nine to one volume is too extreme so we had to do buying we got ten to one last week.

i also use the standard and pors oscillator the oscillator measures the level of buying and selling pressure over bought meaning it is too hot, and oversold meaning maybe there is something to pick up. there is no insight and you are on your own. when the oscillator goes up to three or four, you have to be more cautious. five or above means you have to do some selling. the market, the bulls have got too euphoric karen cramer likes to sell short when the oscillators went above five then she would way for the big blow off and once the oscillators got to minus three, she began to cover the short position that she put on at plus five when she got to minus five, she

feared a snap rally. when the oscillator go lower, she formed herself to buy something, anything. she said we got to buy she said buy, buy, buy yesterday the oscillator reached those exact levels it was buy, buy. what about the fundamentals what drove the move the president didn't bash china. he waited until the end of the day. he didn't call jay powell loco though it is okay, as long as they don't do t we are good he is pro occupied by something else no one from the fed chose to embarrass themselves by once again calling for three hikes. that kind of language.

i am not saying that the fed has learned its lesson, but at least today investors felt safe on guiding our bankers. the pin action boosted an entire sector, united health, johnson & johnson, morgan stanley. this sector is practically coining money. johnson & johnson showed this is still a pre-eminent company. new and useful drugs that could move the needle. walmart told us the same-store sales are running better than expected that is good to hear dollar stores are strong too

morgan stanley and goldman sachs reported good numbers. goldman and morgan stanley's stocks were crushed too, at least in the beginning they are too cheap, and that is why morgan stanley and goldman sachs stock rebounded like crazy. last night we got a great pre announcement from adobe. when frequent guest on the show, adobe's ceo gave a forecast for 20% revenue, the entire cloud group ignited from the get-go. last night when the market was really looking ugly, a sell

program came near the bell almost as soon as it was over, minus seven oscillator fire. this evening's further fire. get this we had terrific numbers just now. remember all the obituary numbers for f.a.n.g, be careful, 32% better for international and 62 for domestic. if netflix is good, all of f.a.n.g will trade higher. will trade higher tomorrow we spoke to oscar munoz, and he told us that united continent tal is doing well, he should know, he is the ceo. lam research reported its first beat in ages it cowl be the encouraging sign for the lagging semi division.

ibm declining. here is the bottom line, when the fed bears are away, the stock bulls will play, including health care, bank and most important tech the f.a.n.g haters are fl flummoxed. they just don't get it it is the cloud king and friends leading the way. juan in california >> caller: booyah, jim, and thanks for taking my call. >> absolutely. >> caller: really curious to get your thoughts on iipr, focuses on medical cannabis. really would love your thoughts. >> i have looked at this company, and i feel this is one of those companies that is overheated, up 34% i think it could come down a

little 3% yield, not enough to intrigue this guy i don't know, i don't want to chase it let's go to jan in washington. >> caller: hi, jim, i am calling about the five power play recommendations you made yesterday. you recommended marathon and valero and not phillip 66. what do you think about phillips 66 given that over 50% of their businesses are in refining and buying back a billion stock per year continuously expanding their -- >> how much does jan know? you know what, phillips 66 is excellent. i do like gary hemminger i like your thinking

and highest compliment, jan has got horse sense. this is the most deserved but also despised rally we were waiting for. we were due. it may not be sustainable. we at least have to give it to the morning after the fabulous netflix call on "mad money" tonight domino giving a revenue risk that's how you do it, apple watch. then the health care space one of the best performing sectors performing this year don't miss my power rankings and wall street at least highest level yet. i am going off the charts so stay 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

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what the heck happened to the stock of dominoes pizza. on a day when everything screamed higher, the stock plunged 13 bucks now dominoes has been one of the greatest growth stories in the industries there has been a lot to like here but the numbers we got this morning, weren't as good as we were looking for and they weren't perfect, maybe that is the problem. delivered a monster earnings beat, the revenues came in light. the domestic numbers came in at

six-pi 6.3. maybe we need to be more concern. let's take a close look with the new ceo of domino's pizza. welcome back to "mad money." >> thanks for having me back you are doing so much better than everyone else, but at the same time the expectations because of the performance your company delivered are so high. you only did 6.3% domestic, i was looking for seven% maybe you can put it into context. >> we were happy with the quarter. if you start with retail sales growth, you know, on constant currency terms we were up more than 10% feeling great about the growth of the brand overall and in the u.s. specifically, on the comps, we were really happy with 6.3% that was rolling from 8.4 third

quarter a year ago we were happy with that. >> lower company store and supply chain margins now, what i am, company store margins decreased, are these numbers that i should be concern about any time we get any sort of margin compression, i am a bit concern. >> yeah, jim, we are not concerned about any long terming structural issues around the margins. certainly, you know, there are labor costs and other pressures out there in the markets place, but we feel good about the overall profitability, most importantly at the store level and at the company level overall also. >> i was concerned with labor cost but i thought the best metric

was number of stores opened. >> the best measure the health of the brand is that our franchisees choosing to put their capital into dominoes pizza. what we saw over the course of the quarter is very strong unit openings in a low number of closures we have closed in the u.s. only seven stores through the first quarter of the year. also the commitment of our franchisees. >> i want to speak to the cash flow at 6% comp store sales, your company is making a ton of money. >> great cash flow through the business on both the international side of the business and on the domestic side of the business. we are happy with the results

there. >> okay, now because i am so closely identified with dominoes, i put on twitter, i said does anybody have any questions, there are always wise guys who say can i have double cheese and there was a question, how does dominoes play on capit capitalizing on papa john's woes >> it is a fragmented category, we are the market share but we still only sell one out of six pizzas in the u.s. we are staying focus on our strategy and our execution and not on the ups and downs of one particular coming pet tors -- competitor. >> if this was amazon and we are talking pizza, technologically, you continue to pull ahead

i think the hot spot is fantastic. >> it is another great way to engage our customers a lot of players in pizza are constant members in the product of the month club, and we got out of that club a long time ago and focused on things that were interesting and innovative that we can do to engage our customers. hot spot is another one of those. shows our customers, that we are going to take their pizza any time and anywhere they want to get it. >> i follow the paper industry, corrugated is coming down. not every single food item is going up in price. are you able to handle that okay >> we are still very much in our expected range in terms of the cost increases over the course of the year. what we have been saying is na

that 2% to 4% range, and we are in that range. so we feel good about how we are managing those costs and most importantly feel good on a continued basis on the margins and the rieturns for our franchisees. >> is there anything else that you can do in automation that you are cooking up or is that too much to give us on "mad money" >> we are working on a lot of things autonomous vehicles are one things that we are working on. we have talked to you about our% don. it is learning, it is getting better we announced on the call this morning, we recently rolled out within our stores a voice inventory apps that our team members can use. this makes that job easier and

faster for them. >> terrific, i think to call this a miss is the kind of thing that wall street does. thank you so much, ceo of dominoes pizza ♪ ♪

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in this ridiculously volatile market, it is more important than ever you know what the heck you need to know you need to know the best stocks in each sector if you want to take advantage of days like today, before the market pulls back again, which a lot of people think will happen. that is why we have rolled out these power rankings

identifying the stock of the best products and we are going to keep updating these and bring them back to you so you know every time the market is down what to do next up is health care counting for 15% of the index. if like me, you are worried about a fed mandated slow down, you need health care stock in your portfolios. this is a group of stock that doesn't need a strong economy in order to thrive, when you get sick, you go to the doctor, you don't stop taking medicine because of the economy slowing down as close as you get to recession proof. people feel we are at the end of the cycle and the fed is coming down on us to slow it even further. we have got no shortage of with winners to choose from an expansive list, at the top is

one we like for a long time. that is abbimed hca, the hospital chain, and then cramer uber fave, align technology surroundi rounding out the top ten is ill lumna. and centene which is focused on government health care plans and then envision that just got acquired by kkr.

if you want to look at the performance, that is like judging a short-term football team where do the health care stocks stand in cramer's power rankings well let's put them down we are going to update these these are the best of the best this is a remarkable place to put money. my favorite is one that i haven't talked about so much that is hca health care. i recommended it a couple of months ago today it is trading at more than 135. i am calling this one a steal at these levels we think this could be a great addition to any portfolio. hca runs a chain of 300 hospitals and surgery centers. these are areas where the consumer is feeling more

affluent and when people have more money in their pocket, you pay up for health care. if you doneven though i am worrd about a fed mandated slow down employment remains strong. patients getting more expensive procedures that's really important because there is considered to be at some levels elected. on top of that hca has a beautiful balance sheet and it is very well run. and if this up coming election is a democratic wave, that is good for health care hca is absurdly cheap. i bet you like what hca has to say.

second, there is idexx lab a play on humanization on pets people are spending more and more money to keep their companion animals healthy and happy. we try to throw everything w could at bugs before we put him to sleep this is where idexx comes in the last time the ceo came on the show, the diagnostics are at the voice of the pet boy do we wish we knew what was going on inside their bodies it has come 12% after its highs. but the fundamental remains strong the company reports november 1st, i would pick

someone up before they report. third, one of my absolute favorites. intuitive surgical, the medical device stocks have been fabulous winners. the robotic assisted surgery machines help doctors perform more procedures with better outcomes and fewer mishaps while we keep seeing lots of new entries in the robotic entry space, intuitive surgical remains my favorite. they sell you the machine, and then you buy these new consumables which is where the major money is made. on top of that, we could be looking at an upgrade cycle very soon as hospitals replace their older machines with newer models

fourth is favorite centene that is correct, that is another one that we have been behind most of its business from government sponsored programs from medicare and medicaid a few months ago, centene bought fill dellus care in the past, this company has proven to be an effective acquire. this is new york's tough area to write insurance. next year they are moving into pennsylvania, north carolina, south carolina and tennessee they know what they are good at. and it covers many people as possible company reports next tuesday i like it here, i would like it here on a pullback

particularly a post earnings pullback you know what, it just had a huge day fifth, and finally, and it is a great company, united health group. this is a stock that i have loved for ages this is the one my charitable trust which you can follow along joining the action alert plus.com club owns we are up more than 25% on position i don't think it is done going higher my favorite part of this business isn't even the insurance component, it is the division that is parts farmingcy benefits manager unh reported a monster quarter this morning and i bet they are going to tell a good story at their analyst day this month

even if you get an eight point decline, you have to take it the bottom line, you can't go wrong with health care exposure here talking about the three more hikes on top of the december here we go, hca, idexx, intuitive. and centene, and united health i think it will keep working if jay powell sticks to the four rate hikes, buy, buy, barbara from california. >> caller: booyah from la jolla california >> what else are you guys buying here >> we have been buying netflix

thank goodness and tandem diabetes my question is this, tandem. >> my favorite is dex com. my friends who have the g six, they feel like it is a gold stream but yours is good too. it is a big enough market for everybody. and congratulations on netflix others gave up on it other people decided that f.a.n.g was dead you know what, wrong john in new jersey >> caller: big booyah from south brunswick, new jersey. >> what's going on >> caller: anyone who has been touched in some way by cancer has to be intrigued by the

technology being developed by novocure due for the earnings announcements. i believe the results of the clinical trials are more important. my question for you is that you have been positive of the company in the past, do you think we should begin to accumulate a position going into the earnings call or wait until after the call. >> i think you have to wait. one of my late friends was able to get several years more of life from novocure thank you for the call in a market like this one, you need to know the best stocks in

each sector. and in health care, you got the names that will keep working pick one much more "mad money" ahead. what does the market fear index tell us about how long today's rally could last uh-oh, may not be all that positive and then a growth of cannabis stock. tonight's edition of the "lightning round," stick with cramer why bother mastering something?

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with the averages surging, dow was up a staggering 548 points do you need to be suspicious about this bounce. this is a tough question so we are going to go off the charts with mark sebastian, a brilliant technician, he is a founder of option pick.com as well as a colleague of mine

he is our resident expert on volatility the vix works by measuring what is known as the implied volatility basically, institution investors like to buy puts and calls why they expect a lot of volatility, the price of that insurance goes up, when they expect less volatility, the price of insurance goes down and that is what makes the vix the tell when sebastian looks at the current situation, what does he say, he says don't get your hopes up when it comes to sell offs there is a common misconception that the peak and panic takes place at the bottom. historically speaking that is not the case it is at the first bottom and then we have a bounce, the pain stops being surprising

he thinks we could easily retest last week's lows let's take a look at the last few sell offs to see what plays out. so starting with the big melt off, take a close look at this pair of charts, the s&p 500 and the vix going back to the beginning of the year. now before we get into details, remember how this is supposed to work in the normal market, the vix and the s&p tend to move in opposite direction, when the market is rising, the cost of volatility goes down, when it is rising the cost of volatility goes up. this is one of the things sebastian is looking for the late january, early february breakdown, back then, the interest rates soared. remember that, the stock market tanked and the vix went higher

crowding into all of these inverse toll ti inverse volatility increases the gains were wiped out in a blink of an eye. the vix peaked before the market bottomed so here is peaked before the bottom, and that is important. we had a temporary bottom on february 5th and that is where the panic reached a fever pitch and then the s&p came down, and when the s&p hit its actual bottom, the vix ended up making a high this is one of the tells sebastian watches. the point here is at least in february, the peak and the vix came before the s&p's absolute

bottom now, let's take a trip in the way back machine let's look at the summer of 2015, that was the china market break down you have to go that far to find another panic. same pattern developing. surged to above 40 which is a very high level for the volatility index the s&p bottomed the next day right there, august 25th and what happened to the vix it went lower closing at 26. the market stopped getting hit when the s&p fell to a new low but the vix did not rise so what you would have seen would be this if the market was going to be lower. of course that is not always the way it works when the market makes a v bottom, and sebastian says it

tends to pick when it hits its ultimate lows. and that is not helpful. and that is what happened in the summer of 2016 when we had the brexit meltdown. over a period of two days, the stock market tavrnked and the vx went higher. for sebastian, the crucial piece is most investors didn't even sell anything. got a quick bounce back. different from the sell off of august 2016. so what about brings us the terrific breakdown, was this a quick brexit panic he don't see a v from brexit

days while today's up, action looks fabulous don't mean the pain is over. remember, we just had a nice run on friday and some of those gains evaporated today we are melting up. he thinks the vix has peaked for the moment the day where the vix peaks is not necessarily where the s&p bottoms. that is why sebastian -- he does not think we have seen the bottom when he looked at this market he sees a lot of similarities this is what february might have looked like. and that is why he predicts that the markets will test their lows sometime next week he says we will be able to get a sustainable rebound, a huge one.

racing towards all time highs by the end of the year. he expects to see one more shakeout bottom line, the charts interpreted by sebastian, and he says we need that one more leg down my view, i don't know, makes some sense i guess i thought that today's rally was a little more convincing stick with cramer. (guard) what i've witnessed... controlled fury. freakish intelligence. wicked seduction. these endeavors will rattle your soul... and challenge the contents of your stomach.

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>> 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 money." starting with amy in nevada.

>> caller: thank you for taking my call. today i am interested in kratos. >> this stock is up too much i prefer raytheon which we tell club members is very good. richard in arizona >> thank you for taking my call, i extend to you a warm welcome from the valley of the sun i own energy transfer partners so buy more? >> yield is ten. they are doing a lot of things to make the structure better it is still too risky for me but i understand why people are attracted by it. and that is all i have to say about it

lisa in indiana. >> caller: hi, jim, what is your take on black rock >> some of the best people working there. so i say hold on tom in new jersey. >> caller: hi, jim, tommy from new jersey first, i want to thank you for giving me the skills to make my financial dreams come through. >> we want to teach a man to fish thank you. >> caller: what's your thoughts on jet blue? >> i like continental. i have chosen to not push any other airlines i like united continental, and then american, and delta and then jet blue. but not before then. it is too dicey. and then leo in utah. >> caller: thank you for taking

my car, i am interested in txmd. >> too speculative for this guy. been at $5 for too long. i say go to high quality and that is not one. and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is sponsored by td ameritrade and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪

long awaited day is almost here tomorrow canada legalizes cannabis i think this is a water shed day for weed, but also leading to water fall of marijuana stocks i know these stocks got hit today, that's all right. i am worried that many of these companies aren't worth being speculated on. some of them might not all be on the up and up. i think there could be a lot of disappointment once it turns out that legal marijuana is a lot less profitable than illegal marijuana. if i am negative about these stocks, why have we brought cannabis up day after day. first, i think that legal marijuana might be the most disruptive force as amazon there might be as much as a half

a trillion dollars in sales that is going to be disrupted snacks, all sorts of medications, let's be honest, millions of people have been smoking pot for decades. i believe we will see studies that show it is a better way to fall asleep than sleeping pills or reducing swelling an alternative to tobacco, certainly an alternative to opioids. we don't know when legalization might happen here in the u.s but i think this is going to be a gigantic force for profit. much larger than the industry collected a market gap bringing me to my favorite canopy growth. and yes, when it was up nine, i

did fret about it, that's my job to fret. consolation is giving canopy a $4 billion war chest so it can take the canada industry by storm. i think that canopy is one of the few marijuana stocks that can be bought. because it is new york stock exchange listed with the blessing of a well run company listed it is possible that one day the weed business could make up a huge part of consolation market gap. of course i don't know how long that will take to happen, when canopy stock opens for trading, the exchange wouldn't let canopy ring the actual bell what they do may be, i don't know what they will do when it

becomes legal in canada. when there is no instant pot at the end of the rainbow, i think canopy will be the cannabis stock that the big institutions reach for. i recommend going for it at a tad lower. right now, the entire group is overheated but as they come down, remember that canopy and consolations, they are the ones to buy stick with cramer.

remember how money is index, there is a bunch of etfs that circle around netflix. facebook seems to have stabilized i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money. i'm jim cramer, and i will see you tomorrow

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