markets go down. what you don't give up is your coffee dunkin' brands >> alibaba >> guy >> still stocks showing a pulse, cleveland cliffs >> time to say goodbye "fast money" 5:00. meantime, "mad money" with jim cramer start rights now. 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. 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. on a not so hot day for taverns where the dow lost 101 points, the s&p climbed 1.1 and the

nasdaq closed flat, i think it's worth playing devil's advocate what if, what if, what if for some hated company, you with me? the glass is half full, not half empty. in other words, what if the acursed, horrible no-good we hate fang stocks -- facebook, amazon, netflix and alphabet, the ones everyone now despise, the evil, the dare i say maybe some of them if not all of them are doing actually better than we think i need to say this, but what if, what if the other egg, the stuff of the elongated fang apple may actually be doing better than we think. wouldn't this be a shocker wouldn't bit totally out of sync with the unbearish zeitgeist all you read about, everything says these stocks are finished

they're dead they're buried got me got me gotcha all right. any way, for years, these stocks, the fab five let's call them, they led the averages higher but now they've become an albatross around the market's neck what happens, god forbid if the albatross comes back to life let's dig. in i am no fan of the facebook the company. every day there is a new story how they sold you down the river, made you a tool of the kremlin. facebook has no shame. it's upset millions upon millions of people but there are millions upon millions of other people who are more than willing to keep creating free stuff on their instagram that are ideal vehicles for advertising stories kind of an after thought, a way to crush snapchat done, but it's burgeoned into facebook's best business have you noticed that the stock is still hanging around where it was and reported actually a pretty darn good quarter meanwhile, what have the expectations done?

they have come down two levels where analysts actually expect a flat year for 2019 but the only way facebook's going to have a flat year is if advertisers stop fleeing tv and print for the web, and that's simply not happening thou you don't have to like this company to realize it remains the best way to reach consumers. put it this way, facebook, one grown up, one grown up appointment away from having a stock that can go buyer, just one. they simply need to higher an outside adult at the c suite level, a tough, maybe a government official, someone from justice, i don't care, who won't tolerate any nonsense. and you know what will happen? >> buy, buy, buy >> the stock will soar >> house of pleasure >> okay. amazon what a joke that, right? and what a bunch of losers, two-head quarter, three-head quarter, idiot, mores are on

this one is on the verge of having the biggest holiday season ever. sleepy everyone is talking about what is it, the long island city of crystal city i'm more focussed on the fact that the retail business is good and getting better i keep hearing about a slowdown in cloud adoption. but when i talk to cloud adopters that. >> desperate to migrate away they want to be on amazon web services this is the cheapest this is the fast this is the best and amazon's advertising business, amazon is 2 best place for them to tai. i don't know about this netflix. has it lost its magic? it is one of the stocks that may not be getting cheaper as it goes lower because it's stilt up so much. it's still up 53% for the year and two, it didn't go higher after it reported a terrific quarter. netflix was a great stock, but wall street no long seems to be on board with that mode of analysis now they want earnings what if it creates different tiers? what if it makes a bunch of deals with high profile

filmmakers for exclusive content you would be being lg to pay more for i think the vast majority of people will pay up don't be surprised if they don't pull some rabbit out of a hat yet again. then there is alphabet the biggest problem here forecasting. the company is chronically putting out super stretched numbers and delivering numbers that are merely fabulous that such a terrible crime guilty things happen at alphabet that are totally taken for granted. today the wemo division announce heard this going launch the first commercial driverless car service in the next few months wall street's reaction crickets crickets you probably never heard of him, i have perhaps the best health care system in the country. he could have hat the top job at the berkshire hathaway he'll be organizing it into a single business. we own it only because it's such a big company and nothing else seems to matter. once the stuff starts mattering again, you'll kick yourself for

bailing out of a stock that sells at 22 sometimes earnings and does it matter to have a billion in cash? which brings me to, oh, boy, shudder, i shudder where is my knife? come only, let's cut this apple, right? i got boeing you can't just do anything you need a bowie knife here we go okay it's like a predator, we're all going to die this brings me to apple, perhaps the most malign to have had fab five this morning i was asked on air, on air nonetheless whether i put an until the original fang, and the answer was no, because fang was supposed to measure really expensive highfliers apple, despite its valuation was never a highflier. it still isn't it trades at a delicious 14.5 times next year's earnings the stock has been getting shelled lately down $41 from its highs and shows no signs of stabilizing. i can see how apple might feel

like jumping in front of a speeding freight train what do you think of the possibility that apple knew about the weaknesses in unit sales that are now so revelatory that we're now discovering every minute when it gives us any of this guidance nine business days ago. wow! how much must have been bad since then hey, what if the weakness flagged by an order shortfall momentum, that's really important is related to the cheaper offering the iphone xr not the big expensive ones while not great news obviously, it wouldn't be nearly as bad as the fancier higher phones. alluded to that weakness when he told us the guidance accounts were uncertainty around the supply and demand balance of recently launched products do you really believe apple's supply chain fell apart in less than two sfwheex do you really believe that on top of that, the bearish freight train has run over a lot of good news four days ago, apple announced

an historic deal to sell new iphones and ipads on amazon. if any other company on earth had struck a deal like that, the analysts would have been falling all over themselves to recommend the stock, but not apple instead, big stake shareholders are still trying to fathom why the company stopped giving us iphone metrics they're shaken by merrill lynch's estimates that multiple cuts must be on the horizon. what else? it ran on alibaba's platform instead slashing the estimates in work of an aluminum shortfall. we're actually worried about chinese slowdown didn't we just get chinese speed up don't get me started on apple's fabulous revenue stream, a business that is being underestimated from morgan stanley because of its burge burgeoning installed base. and katie is no dope how about the fact that apple's had a slowdown in iphone sales before during 2016 we got a string of

lousy numbers that declined by 8% the year before and if you sold the stock into the weakness, the same kind of weakness we see right now, every day, probably see it tomorrow, you know, it's horrendous. if you sold it, how did you do you missed a double. now over the next few days, i think the analysts will outdo each other they see it, they see it, they see it, they want off. they off those tracks. they're going to slash their iphone estimates every day that's what today's declinement will come. when these number cuts are over i expect apple to come roaring back like it's done every time before i still say own apple, don't trade it, because it's too hard to time the bottom in other words, if you sell it, you might not be able to get back in at a lower level bottom line, do not be so quick to write off facebook, amazon, netflix, alphabet. the fab five maybe they are really out of favor there, but is a lot they can do to make a comeback i know to bet against them right

here after this decline, it seems like maybe ill-advised in fact, it might be right to start. i'm going whisper. get closer buying them. actually buying a little bit of this, instead of throwing them away or shorting them like everyone else is doing frank in michigan, frank >> hey, frank -- jim i'd like your assessment on petq. >> why would you ever be in petq when you can be in msons what i got a lot more time for a lot of ans to throw around holehold on, i got one right here here, boom and how about this one no, this one we're going to blind it first with a little frank's hot sauce. there! sorry about that didn't mean to get you there did i get you, lest? i'm sorry.

where is that bowie knife. things aren't always what they seem, okay apple is not doing all that horribly i say on "mad money" tonight it might sound strange, but i'll tell you why weakness in the u.s. and china could be bullish for the stock market then it's the most wonderful time of the year it's retail. i'll be the judge when we go off the charts and while this past month has been brutal for some technology stocks, there are a few companies that are too strong to ignore i'm pointing out one play that may be worth considering when i sit down with the ceo of zebra technologies my advice? stay with cramer >> don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail at madmoney@cnbc.com. at74cne us a call miss something

miss something head to madmoney.cnbc.com. it's not what champions do. it's what champions don't do. they don't backthey don't . and they don't quit... except for cable. cable? oh you can quit cable. because we are cougars and we don't quit!! unless what?!?!?! [team in unison] unless it's cable! quit cable and switch to directv and get the most live sports in4k more for your thing. that's our thing. 1-800-directv

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doing their job and inflation is calming down what if president trump's tariffs are putting the hurt on the chinese economy? i think we may need to change the whole narrative here instead of focusing on the horrendous thing that can happen and president trump slap morse tariffs on china, maybe we need to think about outcomes. what do i mean by outcomes okay, on the domestic front, higher interest rates are starting to squelch demand for real estate. we've seen construction projects in a host of banks american electric power, the biggest utility in the company talked about a downtick in activity listen to the ceo nick agins on the show >> for the first time we see some tampering of the economy. we saw residential and commercial growth come down a little bit we think it's really driven by strong dollar, certainly some of the tariffs are having an impact on non-oil and gas-related activities, which eknow that housing starts and housing sales have just abysmal. >> the house of pain >> and shorter sales acknowledged that housing is

slowing. meanwhile, the price of oil, it just cratering you see what it was down today i said the thing would go to the 40s. i didn't think it was this fast. lumber is going down copper, basic building blocks of chemicals, paper, sinking. the action to me screams slowdown yes we still have wage inflation, i know. people are making a little more money. but how long will that last if all these important commodities are turning down look, it's okay for jay power, fed chief to say he's raising rates in december, that he will be eternally vigil against inflation, but it's important to recognize that the inputs for future inflation are only going lower, not higher. it would be crazy to ignore that while i think powell has been mistaken in his approach, he is not crazy. the man is prudent there is no reason for him to be rash, especially not with the deflationary impact of the strong dollar helping him. yeah, it's time for him to say wait a second. we're going to do hike and then be done for a little bit and see what happens how about china? first of all, these declining commodities, they could easily

be laid at the feet of a weaker chinese economy, especially the price of oil last night the index plummeted 5.24% to 1,264 that's way down. we're seeing disappointing sales in the semiconductor components most often associated with china's telecom market and most importantly, i'm getting inklings that companies do a lot of business in china, they are putting the hurt on china itself i know it's early on this. i mean caterpillar this morning saw some strong machinery orders out of china and stock rallied but how long can china handle the decline in orders from many u.s. importers that are furiously trying to move business away from the people's republic to avoid tariffs. i checked with a number of different retailers. the chinese are giving these companies concession, all sorts of price breaks to stay. but that will be hard to sustain when president trump's tariffs -- i like, that president tariff, makes sense, arise from 10 to 25% next year

last friday, peter navarro, the present tariffs director of trade industrial policy, he went off on wall street for its willingness to sell out workers in america in the name of making bigger profits overseas. he started ranting about globalist billionaires secretly working on behalf of the chinese. listen to this listen to this >> if wall street is involved and continues to insinuate itself into these negotiations, there will be a stench, a stench around any deal that's con consummated, because it will have the imprimatur of wall street and goldman sachs >> stench. the comments were so extreme that larry kudlow came on to chastise >> he was not speaking for the president, nor was he speaking for the administration his remarks were way off base that were not authorized by anybody.

i actually think he did the president a great disservice >> wow, that's important it leaves room for serious negotiations with china leading up to the g20 meeting at the end of the month let's watch weakness in this continue and in china. as crazy as it sounds, both are actually bullish for the stock market, although not for the companies or individuals involved because weakness means we're more likely to get a rational fed and possibly some kind of trade deal much more "mad money." after home depot's earnings today, does that company have more room to run i don't know the stock has gotten hit i'm tackling the tech cams how does zebra technologies defy the pull of the tech sector? and it could be the greatest turnaround story of our era, but with all the volatile in the market you may have missed it. don't worry. i'm revealing the name and stay with cramer

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after yesterday's horrific bruising, this market has reminded us once again we can't afford to get too complacent we're in a volatile environment, and it's going to stay volatile until the fed changes rate on interest rates or the president decides to ease up on china or the china compromise was us. we need to do the best we can to and a half gate our way through the new normal normally we fall back on the fundamentals, try to figure out who is doing well, who is not. but the problem is in this kind of environment, the fundamentals are often in flux. the ted tightens next month and insists it's going the pause before hitting us with rate hikes, a host of companies will get a reprieve on the other hand, if the fed sticks to its guns, raising rates once next month and then three more times next year, that's going to put a real crimp in the earnings of anything cyclical from the home builders to the automakers to the cyclicals. it's become a binary situation either the fed blinks and does the right thing or they stick to

the current plan, burning down the economy in order to safe it. when everyone hinges on a binary decision, there is a lot of uncertainty about what the future might hold. so what do we do in moment likes these, you know what i like to do? i fall back on a variety of technical analyses, on a straight forward analysis of the action the action in the stock. the fundamentals are in flux we might as well take our cue from the charts which helps approximate the psychology of the money manager which is buying and selling the trajectory are of stock prices tonight we're going off the charts with the legendary larry williams he's the technician who has been trading futures commodities and stocks for over half a century in order to shed some light on the issue. williams is almost a mythical figure in this business. he has created a host of technical indicators over the years, many which are named after him, like the williams percentage oscillator, written a dozen books and even has his own

website, "i rei really trade.com what does williams have to tell us that can really be some sort of totem here? as we head into the end of the year, the stock market tends to rally around thanksgiving. that's one of the reasons why i keep telling you don't give up the ship yet and perhaps even more so, it rallies into christmas more often than not we get good vibes over the holidays. while that's a generalization, williams prefers to trade based on specific things rather than glittering generalities. with that in mind, let me give you one of the chart master's favorite ideas -- retail when it comes to retail stocks, the period from shortly before thanksgiving through christmas tends to be the most wonderful time of the year it makes sense everybody is anticipating huge sales for black friday, cyber monday the rest of the holiday season williams says there are several different ways you can play. this for example, why don't you think about this take the stock of home depot it's the nation's largest big box retailer from 215 in september to 179

today. after frankly it reported what i thought was a good quarter this very morning the stock was down and down hard for most telephone day or finishing off just 43 cents. williams sees a consistent trade with home depot. what is it write this down. he recommends buying home depot on the fifth trading day before thanksgiving, the fifth day, which happens to be this thursday and then holding it for the next ten trading days before exiting the position how has this done? williams has back tested this trade. if you did this using a stop loss $5 below where you bought home depot, how often would the strategy have made you money this man williams ran the numbers. get this over the past 33 years, his home depot trade would have been successful 33 times. yep. it's worked every year since 1984 on average, if you bought home depot before thinking for ten day, there is really a sweet spot right in the middle five days before giving you the best return. thursday, people

how about we check out the weekly thoughts about this, the black line is the action in the stock, okay? this is just the pictoral of it. williams loves to look for seasonal patterns, and that's what the red line shows you, okay this is on average the average seasonal pattern for home depot. as you can see, historically the stock has rallied pretty hard over the next several weeks in november pretty obvious, right? just think, thursday of course, if everybody does, everybody watches the show, everybody does it, it would be some sort of mirror effect 33 on 33 this is true for almost all retail stocks frankly. you can say the same about targosz, about costco, amazon, a host of others put it together and williams thinks home depot is ready to roar which is pretty good. remember, though, it's just a trade. home depot stock has been a dog lately as investors have turned on everything related housing. it's a retailer, people. in retail, home depot is more of a play on repair and remodeling, and they're doing fine

that's neither here nor there. williams is recommending a trade. so if you buy the stock on his advice, you'll want to ring the register after a couple of weeks. and if the trade doesn't work, it doesn't matter. you should never turn a trade into an investment if it turns out to be wrong, you sell it, put it behind you the subject on sellers, williams has another way to play it you do the straight forward thing and buy the spider s&p retail etf called the xrt you bought it two to five trading days before thanksgiving and sold ten days later you would have rack upped a nice gain in every single year since the xrt was created 11 years ago. i'll repeat that every year, 11 years with work according to research thursday would be the best day to pounce on this one too. technically, the best time would be some time last week, but since we don't have a time machine,s there is the best committee we can do. don't forget, just a trade so if it work, you need to ring

the register, move on. bottom line. in a confusion and volatile market, all right, there are still trades that have worked year in and year out for decades when larry told me about this, i said i have to bring it to you the chart as interpreted by the legendary larry williams suggests that home depot and xrt would make terrific trades if you buy them on thursday and sell them ten days later i think he has a point this tends to be a good time of the year for retail, regardless of what else is going on in the market all right. so maybe this will be the 34th time, and it doesn't work. but 33 out of 33, i mean, don't you think? hallelujah >> ken in new jersey, ken. >> hi, jim i'd like the thank you for all you do for the home gamers >> oh, thank you. >> your help is very much appreciated. >> thank you i'd like to give you a big boo-yah from new jersey, and my stock is tractor supply. i'd like to know if that's going to be trading similar to home depot, if it's really in the same sector or not

>> no it's not i got to tell you first of all, ken, my tractor supply on route 202 is just killer got good veterinarian there too. bought in the 70s and spoke to the ceo. you know what? no one has in faith. i love going to your stores. its what been a rocket ship ever since. i belief it in now tractor supply is a play on people wanting to be outdoors doing the right thing. using your hands just like jefferson said let's go to robert in tennessee. robert >> hey, mr. cramer, my name is rob. i'm an undergraduate student at vanderbilt and a first-time caller. >> vandy >> i'm calling about at home group. ticker is home they're a growing big box specialty brick and mortar retailer. >> right. >> offering home decor products. i can't believe i'm speaking to you. i'll continue. >> hey, i can't believe i'm speaking to you. >> caller: they truly operate 167 stores they're increasing store put at 20% a year, claim to have

domestic space for at least 600 stores, and they recently brought in a new cfo to help them scale amazingly, their stores take on average six months to mature their gross margin is way over 30%, and 70% of their rocks are private label. >> okay. >> it seems like they're top and bottom lines are moving exponentially. i bought in at 27. should i double down >> you know what man, you have done -- like many of our viewers, this man has done a huge amount of work i am never, robert, going to opine on something that the caller knows more than i do. what i can do is do my homework and see if it matches what you're saying, because i happen to like that company much. but i'm not going to cuff it you've done more work than i have i congratulate you, and go vandy. great school it's volatile and confusing out, there but there are still some trades that have worked

historically remember, it's a seasonal pattern. it's history good time to buy home depot is thursday much more "mad money" with zebra, oh, boy, what a stock that is? can the company change its stripes in the tech sector i'm going to sit down with the ceo. and it could be one of the greatest stories ever told, and no one is telling it but me. and all your calls in tonight's rapid-fire edition of the "lightning round." so stay with cramer. this is huntsville, alabama. aka, rocket city, usa. this is a very difficult job. failure is not an option. more than half of emacross thy bring financial stress to work. if you're stressed out financially at home, you're going to be too worried to be able to do a good job. i want to be able to offer all of the benefits that keep them satisfied. it is the people that is really the only asset that you have.

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fly emirates. fly better. last six weeks, we know, they've been horrific for most tech stocks. as investors turn on their biggest winners and sold them hard everything from fang to the cloud kings, but you know what there are a few exceptions tech stocks that got slammed in october and came roaring back after reporting terrific numbers, because the numbers still matter consider the case of cramer fav zebra technologies this company describes itself as an intelligence play they help ceos keep track from their inventory to trucks to football players on the field. they use data capture, real-time locating systems and radio frequency identification do it all. how has it defied the pull of the sector simple a 28-cents earnings.

higher than expected sales, robust guidance for the next quarter. the company is seeing broad-based demand for their solutions which is exactly what we want to hear. no wonder the stock surged 6% on the move it's now up 18% since may. can it keep climbing let's check in with anders gustafsson, the ceo of zebra technologies, get a sense of where his company is headed. mr. gustafssons, welcome back. >> thank you >> you made an acquisition of explore technologies why don't you speak to people what that means, and also culturally, because you guys have been exceptional. cultur culturally, because you have done it better than anyone the chicago tribune was quite complimentary. >> we're very excited about explore acquisition. we think of it as a near ajanesajanes -- adjacentsy to our core business you think of explore first, they

make ruggedized tablets. and we are very strong in mobile computers, the hand-held mobile computers. we're almost 50% market share. so you can think of tablets here as a different form factor of the mobile computer, and we tend to see people on the front line. they have mobile computers they're supervisors. they have the tablets. but we can have the same architecture behind it run the same apps and very cost-effectively, cannot provide different form factors. >> so that's easy to integrate obviously in terms of hardware but intellectually, culturally, good fit >> yeah, we think it's a good fit. culturally we do pay a lot of attention to culture when we do acquisitions otherwise too. when we did the enterprise acquisition four years ago, a little bit, we probably the most important decision we made almost was the effort we put into creating the common culture.

from a perspective we were a smaller company. we didn't have the right culture for a much larger organization we felt we needed to create the new one. so we spent a lot of time coming up with the new values, behaviors. we put 7,000 people through two-day training, and we put the explore team through the same training. >> you had great growth globally, including china. just a strong secular demand for your products in terms of saving money, being efficient for all companies? >> yeah. i think we've seen both goofed cyclical backdrop, the overall macroeconomic backdrop has been good and secularly very strong. we had good secular drivers in basically all our vertical markets. >> now we talked about integration on for ecommerce i thought that was exceptional this time, i want to talk abou health care. you saved the system a fortune it used to be just the bar code on your arm. there is much more to it now >> yeah. we track almost anything you can say in health care but wristbands on patients,

blood vials, blood bags, any kind of samples. but we also have provide mobile computers to nurses. if you go back a few years, they tended to have a cart on wheels they called it they had a battery and a pc and scanners and everything. all that is pretty much in a mobile computer, and we put a lot of the voice communications so we can have the pbx extension. we can have kind of walkie-talkie push to talk functionality to enable them to talk to their colleagues >> i felt when i read what you've done and the incredible decline in operations on the wrong arm, on the wrong leg, that the insurance companies would demand cebra not yet? >> not yet, not quite. >> let's go back to ecommerce. it is booming. retail is booming. you guys figure in all aspects of it? >> pretty much all aspects ecommerce, they used a lot of our dwoymt have a very efficient

fulfillment process. regular brick and mortar retailers have been become very big users of our solutions and when they try to implement, say, an omni channel strategy. >> one thing that i was surprised about, and it was brought up in a call and i didn't know, you import a lot of stuff from china and you said you had a working team that is ready so if they go up to 25% in january, will you try to find other places to source is it that kind of thing >> so we have a team, a cross functional team that is looking at all ways we can mitigate. today what's been announced for the first three lists, it impacts only a very limited number of our products so some of our scanner, some of our accessories. and we're looking at things all the way from moving supply chains out of china to sourcing components elsewhere. >> wow, really >> we're looking at including pricing, you know. that's also on the table >> wow

one last thing, because you know i'm a football fan with saw each other at the super bowl anything new in terms of trying to keep track of fluids of an athlete? athletes cost a fortune. >> yep >> and you're the only company that seems to be dedicated to the idea that these are -- look, they're humans, but they cost a fortune. you monitor everything what are some of the new things you're monitoring. >> we can monitor all their movements on the field, how fast they run, how far they run, first quarter versus last quarter. the ball flight, all the referees and everything. and we do have free payload in the signal that we send back to include things like biometric type of signals also. >> does it go into the cloud or it is straight directly? >> it goes into a server in the first stadium and then goes into cloud from there. >> fascinating well, look, your company is doing incredibly well. i'm glad you have that mitigation thing going i was worried that could hurt the quarter. it sounds like it's not going to thank you to anders gustafsson,

the ceo of zebra technologies, a company we have liked forever. you see why. it is doing so well, and it is well run "mad money" is back after the break. not long ago, ronda started here. and then, more jobs began to appear. what started with one job spread all around. because each job in energy creates many more in this town.

where in all of this is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you partner with a firm that combines trusted, personal advice with the cutting edge tools and insights to help you not only see your potential, but live it too. morgan stanley. "lightning round" is

sponsored by td ameritrade >> it is time. it's time for "lightning round." >> buy, buy, buy. >> sell, sell, sell! [ buzzer ] >> and then the "lightning round" is over are you ready, skee-daddy? the "lightning round." we start with bob in florida bob? >> caller: cramer, boo-yah. >> boo-yah, bob. >> caller: hey, i been studying that the demand for lithium is expected to go quadruple by 2025, and the world's largest and richest lithium flats are in santiago, chile. so i did some homework on the top three lithium producer. >> yeah. >> caller: and i'd like to ask you about number two, ticker symbol fqn, sociedad qm chile. >> what you've just described is a known story. known stories are know of.

we're not going to make any money with it. andy in new jersey >> caller: hey, how are you? >> i am good how about you, partner >> caller: i want to know abo about -- >> which one >> teva pharmaceuticals. let's go to texas. >> boo-yah, jim. from seguin, texas. >> i have been there i like it. what's up? >> caller: i'm wondering i own praxair. apparently they're going to move with the lind group. what are your thoughts >> it's going to be a powerhouse i happen to like linn very much. let's go to howard in colorado howard >> jim, big boo-yah to you. >> good deal what's up? >> dropbox >> all right we talked when we were out at three and fours. we told a great story and then we got this incredible tech

sell-off and then recorded and the numbers are great. we're not not done ear going to sweet home alabama. gary >> caller: hey, jim. thanks for taking my call. i know the market is a ill will shaky right here. >> oh, yeah. >> caller: what do you think of salesforce >> keep your position. i have a big conference call tomorrow at 11:30. we're going to talk about why salesforce fits the mold of what you want to own. let's go to tony in tennessee. tony >> caller: dr. cramer, boo-yah from knoxville. >> nice. >> caller: quick question for you. i bought into the netflix of china, the iq kool aid >> enough problems with netflix of america i don't need the netflix of china. we're going say. >> don't buy, don't buy, don't buy. >> and that, ladies and gentlemen, the conclusion of the "lightning round"! [ buzzer ] >> the "lightning round" is >> the "lightning round" is sponsored by td ameritrade

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♪ in an uncertain environment where everybody's worried about the tariffs and the fed and what they might do to the economy, you know what we got to do we've got to circle the wagons around some high quality stocks that can keep working, even if the bears turn out to be right and we end up having a slowdown. that doesn't mean we should just buy all the recession resistant stocks as i see so many people doing. no we want the best of the best

well want the stocks of companies that we know are doing very well. some kind of self-help storier that can give you upside that's why right now i'm a big fan of bausch health companies, bhc for you home gamers. the pharmaceutical formally known as valiant [ booing ] >> valiant may be the biggest turnaround story of the era thanks to the leadership of joe papa joe papa who took over ceo, many doubters, myself included and made some much needed changes to get the business back on track and on its feet. papa has done a remarkable job, and now the turn is paying off this week the company reported a terrific quarter, sent its stock soaring. you know what? it's not done. but before we get into that, at first you need to understand how joe papa turned around t whole darn thing and by the way, many thought it was sinking ship that could

never be righted for many years they had what seemed to be a lucrative business model they would borrow a lot of money, buy other companiesand slash r&d costs while raising prices public enemy number one, by the way. they did this over and over and over again they were rewarded with ever higher earnings, not to mention an even higher stock price but in late 2015, drug pricing became a hot button political issue, which ended up putting valiant under a microscope and it turned out they were doing shady stuff with a drug distributor. at the same time valiant had run out of high quality pharma companies to acquire so they started buying lower ones in the end they did not have a good business model. we like drug companies that spend money to develop drugs the old valiant didn't care about integration. they wanted to buy growth. it created a vicious cycle downward that caused the stock

to get obliterated plunge from the $250 to the single digits, destroying a lot of hedge funds with it. finally, there the spring of 2016, the board fired the old ceo and brought in joe papa from perrigo to run the business. after that latest quarter, it really looks like he has turned things around. i'm a believer it's pretty impressive, especially considering a few years ago many people assumed that valeant wouldn't make it. so how did papa do it? first he told us he was going to start cleaning up the hideous balance sheet. second, he explained they do have an attractive pipeline of drugs. they just need to double down on developing the good ones third, he had to motive the staff that was incredibly dispirited workforce the moment papa took over, he shook up the management team, bringing in his own people, saelgt bunch of lawsuits more on that later then he sent about repairing the company's reputation for example, he started discounting a couple of big drugs in order to play indicate congress with valeant out of the federal

crosshairs, papa began to address the biggest issue, the balance sheet. they had $32 billion in debt really scary by the end of 2016, he paid it down to 30 billion, still very suboptimal so papa decided to sell off a bunch of non-core businesses to raise cash at the beginning of last year, they announce they'd were selling dendreon got $820 million while off-loading skin care brands to l'oreal for $1.3 billion in a single quarter, he used that to cut the debt load by 5%. and then a string of asset sales to raise more money. even as the company sold off these divisions, its free cash flow actually improved in 2017 quizzical, right by the end of last year, they brought the debt down to 26.35 billion. at the same time hey refinanced a big chunk of remaining debt at lower interest rates while they haven't done any more asset sales, the balance sheet cleanup continues with the debt

at 24.73 value put it all together and the balance sheet is in much better sheet and no debt coming due any time soon, which really makes this a much more stable situation. second, papa vowed to take valeant back to its roots as a pharmaceutical company rather than acquiring new businesses, he decided to focus on company's existing brands existing brands like bausch & lomb for eye care. yes that >> really were good. in 2016, the company increased its r&d spend big 26%. that was essential if you're going run a drug company, you need to invest in discovering new drugs. otherwise you do not have a future fast forward to this past may. valeant generated organic growth for the first time since 2015. we also learned that one of the company's new products for irritable bowl syndrome hit $1 billion in sales in the first quarter alone. and that's what happens when you

invest in r&d and it pace off. then they changed it to bausch health bausch health companies, wash off some of the stink of valeant, which was a loathed brand. bausch & lomb on the other hand is highly trusted. plus, the bausch eye care business accounts for the bulk of the company's sale and it was always the best. now september bausch announced a settlement with activist over the ibs drug i just mentioned. under the terms of the deal, they get a license to start making the drug, but not until 2028 until then they acknowledge the validity of bausch's patent. that removed a gigantic overhang because a lot of investors were fretting about the competition eating into sales. climbing to 28 and change in early october. but then the market wide sell-off hit and bausch plunged to 21 and change to lows turns out what a buying opportunity. >> buy, buy, buy >> because the company went on to report a blowout quarter just last week. bausch posted a monster 31 cent

earns beat off high unexpected revenues the company saw organic revenue growth across all the segment, eye care, gastrointestinal, dermatology. and they want a new drug that helps achieve yate the symptoms of opioid withdrawal this is the first opioid treatment that is not itself an opioid meanwhile, joe papa paid down another $360 million on debt and on top of that retired $125 million in unsecured senior notes a couple of weeks ago. just never stopping. he continues to pay down that debt and when it comes to litigation or government investigation, bausch keeps coming out on top now at these levels, the stock gained a quick 18% since we last stoke to papa in september boy do i want him back up. it's up 35 cents but even up here, this thing is not done bausch is a buy because it's dirt cheap this thing still sells for seven times next year's earnings because people don't believe he

can keep pulling it off. people keep doubting he is fixing it, people, the bottom line. joe papa has orchestrate and amazing comeback of bausch health the results speak for themselves which is why i believe in the end the story as more room to run, and i congratulate joe for doing a lot of things even i felt he couldn't do. felt he couldn't do. "mad money" is back afteas you , this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best, break. get up to a $1,000 credit on select models now during the season of audi sales event.

i that's the retirement plan.e, with my annuity, i know there is a guarantee. it's for my family, its for my self, its for my future. annuities can provide protected income for life. learn more at retire your risk dot org. okay a lot of people are confusing this with this i have to tell you, as the stock goes down, it actually get morse valuable as does alphabet, as does even facebook, the hated facebook and amazon look, i know they're going lower. i'm just saying if you give up on it now, i think that they've come down a lot. apple's down more than 40 points this the level that you want to capitulate fine i always like to say there is a bull market somewhere. i promise to try to find it for you right here on "mad money." i'm jim cramer, and i will see you tomorrow

>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ my name's steve gadlin and i live in evanston, illinois. (bird chirps) i live a really normal life. i'm a dad. i'm a husband. i love my family. i work a 9-to-5 job building web sites. a lot of that's just sitting at a computer staring at code all day. so i think it's important to fill your daily life