get out there and buy, buy, buy. right, mel >> why not >> i would be inclined to take a look at that tomorrow, melissa lee. >> that does it for us here on "fast. meantime, don't go anywhere. "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 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 call me at 1-800-743-cnbc or tweet me @jimcramer. but the word is we're in a bear

market, nonetheless, right sucker typical bear market lurs you in and rips your heart out, right? there, i said it that and $5.35 will get you a triple venti cappuccino with skim whip at starbucks after an ugly day and not so ugly day the day where the dow at one point plunged 354 points to rally only 267 points. nasdaq 0.9%, thank you, apple. this is nothing new. no revelations here. just keep moving it's not like we just woke up this morning and found yourselves in yellow stone national park running for our lives. we're at least running faster than our colleagues. in it short, it gets us nowhere. it tells us nothing. it brings nothing to the table, but before we dig into why that's the case, let me tell you

a little story about bears i know bears i went to bear camp once many years ago when i had a lot of hair. i used to mountain climb boy, did my mother like that i'm known as a 46er, meaning a lined every mountain in the adirondacks higher than 4,600 feet high. one time when we were done climbing, we went back to our base camp and we all found a bear, our group found a bear in our lean-to. he was rummaging through our stuff like a bear is rummaging through your portfolio i didn't know whether to run or stand my ground. that's where we are, running out of tech, health care, the cyclical winners and the banks surely as there will be runs on the things, isn't that what it feels like the balance sheets are incredibly good and many people are buying bake shares and as many as they can and warren buffett, berkshire hathaway. they took e in j.p. morgan

but back to the bear story who cares about that okay, there's the bear the bear is clawing, rummaging, taking our fear, looking for our food the other guys, they all ske dadle. me i decided to stand my ground thought i would be a little sly. what did i do? you see, when i was mountain climbing, i always carried m & ms with me wherever i went you need a little pick me up, right? and i always carried cans of span vile, i know, but this would survive thermonuclear war, so it surely can survive a trip up the mountain i never went anywhere without tabasco sauce because you needed something to cover up the taste of the spam. by the way, of course it was pre-franks, mind you, so i took the bowl that i liked to eat the spam out of, you know, not that bowl but this bowl

i took the -- i took the bowl that i like to drink the spam -- eat the spam out of, right i don't like it wall owing in that canal-like sauce it's in and i filled the bowl with m & ms i was about 30 feet from the bear bears can smell sweetness. oh, man. hey, they got big big nortrils it turned and sniffed the air. i remember, it sniffed the air i could tell this one was going right for the m & ms, but right before the bear could bounce on it and me, i doused the m & ms with the tabasco darn bear came charging down, and i ran as fast as i could to a nearby tree. i watched knowing it could be life or death, my life or death. that big black bear, he bullet his snout in the bowl and he started chowing down on those

tabasco-drenched m & ms. wouldn't you know it, wouldn't you know it, wouldn't you know it, the bear didn't like the hot sauce. started gasping and huffing his darn head off. not kidding. and then -- and then it ran headlong into a nearby river to cool its mouth off and then it took off like a bear out of hell. now i'm not saying you can outrun a bear. you can't. i'm not saying you should let them eat all your food and then hope he doesn't turn on you. who wouldn't i am saying that you ought to be clever you have to think, okay, i'm not going to panic, i'm going to use my head and i'm going to outsmart the darn bear so how exact tli do you do that? i got three surefire tabasco sauced m & ms that can protect you from being too smallemalled

always loved when it did that. pronouncing we're in bear market territories is useless, it just means something is up. what was up is now down. it country mean that companies' fortunes have changed. investsers ha investsers ha investors have decided to bail on this. take the stock of home depot a high-quality company that reported excellent numbers with a big buyback. when home depot reported initially, the stock just got hammered everyone concluded that the quarter must be bad. they, though, shareholders outran the bear and home depot stock went higher. did the fortunes of the company change in the 24 hours not at all if fed chair jerome powell says he's winning the war against inflation, give him a "w" so he won't need to tighten three times next year. you know what that is? that's tabasco sauce it's going to send the bear

running. now home depot would have been a sell with the stock at 215 or 210 or even 200. down at 180 we wake up now. that doesn't seem smart to me, although it is smarter than the average bear it can trick the attacker by picking up stock in great american companies with fabulous balance sheets that will do well if the fed decides to take a break from tightening. oddly 234 oddly enough, the bear is used a two-pronged pork to devour your portfolio. when the new year begins, the tariffs rise 25% automatically i'd like to be automatically surprised. the other problem, rate hikes meant to slow down economic activity in order to slow down inflation. look, i get that you always hear there is no hiding in a bear

market i'm not quite on board with that you know why i've been in 11 bear markets, okay i've been in 11 bear markets where you could trump that such and such a sector is in bear market territory or all stocks in bear market territory and you could high successfully and buy into ten of them that's right only the financial crisis was so bad you had to sell or else risk losing a huge chunk of your capital. when i shouted back then you should take out any money that you might need for the next five years, i meant it. by the way, i was right. this is not another financial crisis it's not like that it's more like the ten other bear markets where i've been through where there were plenty of places to high. kind of like when ten bears tells josie he can go in peace which brings me to my third red hot m & m of the tip if you pick stocks with accidentally high dividend yields, even if the balance sheet is pristine, you're going to feel very good about yourself

when the fog lifts and the stocks bounce back and the bear cools off its mouth. bottom line, don't panic don't get scared don't stop looking for opportunity. this is a manmade bear market where we're being torn to pieces by two grizzlies, president trump and chairman powell who don't seem to care at all about the damage they're doing to your nest egg but there are still opportunities out there if you stay calm and know who where to look and you're ready with the tabasco and the m & ms karen in illinois. karen? >> caller: hello >> karen, yes? >> caller: oh, is this jim >> oh is it ever >> caller: wouldn't i know by now? >> yeah. >> caller: so, jim, my husband passed away leaving me a widow at a young age. >> okay. >> caller: so what did i do? i tuned you in on tv and you were recommending apple stock at that time and i -- it was $7 and i bought

$100 shares. >> yes. >> caller: if you look at what i've done now, you know, with splits and 7 to 1, whatever. anyway, i've been hooked on you ever since. >> you're very kind -- sorry for your loss. kind of you to mention it. i have been behind apple that long people saying, cramer, you buried me. i liked it at 7. you're not changing my mind. what's up? >> caller: i'm sticking with it. i've been following weig wayfaid i see the furniture stock on tv often, often, often and it's been going up, up, up. now all of a sudden there is a crash. >> right. >> caller: you're saying don't buy mcdonald's until it goes down. >> right. >> caller: well, if i was ever going to buy apple -- i mean way it is fair, maybe now is the time to buy it because of the interest rates. >> right >> caller: on housing, i thought

maybe people would buy furniture instead of a new house i don't know. >> well, you know, look, first, thank you for the kind words that's an interesting assumption the problem is this, that is -- look, that stock has high growth, but if we are in a tough situation, the high growth stocks without the fabulous balance sheets are not going to do as well so i'm pulling in my horns. i'm being a little more cautious think if you want to own something housing related, i'm going to go to to home depot, especially because it's down 40. maybe gets down another 40 that's my take thank you for the kind words damian in new york damian. >> caller: hey, cramer, this is steve. i've got my 9-year-old son that has a question for you. >> sure. it's the omen. >> caller: hello, cramer. >> hi. >> caller: booyah, jim >> i like that the kid has sense. >> caller: i'm 9 years old and i

love your show. >> thank you i'm doing some 9-year-old things, frankly. >> caller: you're hilarious. let's see -- i'm doing -- the first day i was with my parents, my new parents i was watching your show with my grandpa and all right. >> caller: and i've been watching it almost every day since. >> thank you >> caller: you're welcome. i need some advice on ibm. >> you came to the right place you came to the right place. >> caller: oh, yeah. they -- ibm bought red hat, which has been leading them into lots of debt. >> right. >> caller: well, i personally think that they should have bought red eye. >> red eye how about fire eye i would have liked them to buy fire eye first of all, damian. >> caller: i get that wrong. >> oh. that's okay. there is no exam we don't grade hard.

we grade on a curve, anyway. >> caller: what do you think about ibm anyway >> ibm under 120 first of all, with damian, we love when kids call in it's just fabulous when i started the show nobody believed anybody would tune in i think ibm at 120 is fine it's come down so much i can't sandblast it i love when kids came in i made damian a little extra kind of special kind of halloween potion anyway, it's a bear market the trick is to outsmart it so you don't regret your position when you're out of its territory, which does happen what does the survey say about san surveymonkey's first results as a publicly traded company? rumors swirled that seaworld was going to be taken over by six flags. my exclusive with cisco.

i'm digging deep through the numbers with the ceo after earnings i say stick with hormel? no cramer don't miss a second of "mad money. follow @jimcramer on twitter have a question? dmeycno an e-mail t maon @bc.com or give us a call. miss something, head to madmoney.cnbc.com. frps - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling

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higher than anticipated sales. up 18% year over year. and, look, even after today's rebound the stock is up less than $1 from its ipo price could spmk be worth buying here? let's take a look at the ceo of spmk welcome to "mad money. good to see you, sir >> appreciate it. >> thank you first, i want to tell you, my wife is on board of a college. i said do you ask surveymonkey why did you choose them? she said, well, there is nobody else that does what you do. >> that's our favorite response. >> it seems like you have a hammer lock on this particular business. >> we created the company in 1999, we've been growing ever since. it is the leading category leader human beings can come on, ask questions, collect feedback from the people that matter to them that's what's so special about our software we sit between a human being asking another human being asking questions to collect that sentiment. that is how you do better.

>> do you think the ipo gave you some more visibility i say that because this was really a radical acceleration in your growth this quarter. >> the ipo was a huge opportunity for us to introduce our platform to companies. yes, they're talking about tariffs and inflations, but you know what's really driving business today, how are my employees feeling? how is the belonging and inclusion of my african-american employees. talk to me about what asian employees are thinking about our new employee benefits. the cultural issues are what really are mattering to ceos and cfos in the boardroom. that's how people use surveymonkey >> you signed a big deal under my nose and paid roughly these prices for it. s.e.a.l sales force is a big force in business. >> it's really taught everybody how enterprise stats works we're going to school on benioff's playbook the biggest use case around crm,

people use our software for customer experience. how do i do better by my customers and how can i find my next set of customers and? we have integration that we sell to salesforce customers and we're working with them clothe on product development, market initiates. we really are switzerland and the data flows saeamlessly into other systems of record. >> we were concerned that you -- that you weren't -- you've been around since 1999 and we're looking for some profits and didn't see any you can adjust some things it's true the company has not made a lot of money. >> gap income, true. you know stocks better than anybody in the world and you know cash is what matter sfls yes. >> let's talk about our business >> okay, let's hear it. >> in q 3 we delivered 18% year over year revenue growth

on track for a similar year for the fiscal year. our cash flow is 17% margin, adjusted about 26% margin. why are we so successful at generating cash? 99% of our revenue is generated from subscription. 75% of next year's revenue is booked on the balance sheet or renewable with our customers it's a super sticking customer base we see that rev new uplift go up 4x when we sign an enterprise deal with 300,000 organizations that use our product, a big uplift in revenue and that revenue retention, this is going to be a really healthy cash genretive for a long time. >> fair enough your president talked about an acquisition s.a.p. made for a company -- if you had to look at it from employees and revenues,

if it really were complimentary, i know there is 10% overlap. it would value your company at a substantially higher valuation than the public market. >> i'm all in favor of that, though >> s.a.p. is a real company. >> i think this $8 billion acquisition validated how big this category is this is a multi, multibillion dollar category. there are hundreds of thousands of organizations who need to buy enterprise software to measure the sentiment of their customers. if you look at our competitor, they're going to be owned by s.a.p. >> we have to worry about that and google that has its own kind of survey system. >> google is not a competitor. we see a lot of our paid customers who move into surveymonkey because of our features if you look at our competitor here, a division of s.a.p., a large european company we're steering into where microsoft and salesforce and adobe have real market leadership from a cultural standpoint, i think it's going to be a

advantage for us i love our competitive positioning today. >> i want to circle back to this notion of what you talked about at the top we didn't care what people think in our companies all they cared about was whether i made a lot of money. all i cared about was whether i made a lot of money. now people care about different things they can't figure it out how do they figure it out other than to bring you in >> thank you for that advertisement. it's true. it's the tightest labor market in history we are all in the technology industry every single ceo you interview up here, his or her industry is being affected by technology amazon is running retailers off the road why? because they don't understand what's going on with their employees, with their customers. it's the best ceos who are really investing in the culture of their company and understanding what employee benefits are going to matter in the future you can use surveymonkey in ways to learn the insights you need to be a better ceo, a better cmo, a better leader of hr. >> i've used it many times i've been a client

i want to thank you so much. "mad money" is back after the break.

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and shop small on november 24th. i got croissant. small business saturday. a small way to make a big difference. worth circling back to as the market continues to get slammed. many people say a pear market. three weeks ago, six flags, the largest theme park on earth reported what was describe as a disappointing quarter. the company posted a 16 cent earnings miss. remember, this is the analysts saying this. we could expect sales up 7% year

over year. along with lower per capita spending at the same time, their operate costs rose by 14%. mostly because they bought five new parks with significantly low lower margins for the old ones management blamed bad weather for weakness, which makes sense. they also reported during the big market wide meltdown which made it easier for investors to panic. if this was a one-off caused by bad weather and the need to intergreat the five new parks, the recent pullback might be a buying opportunity it posts a poundful 5.5% yield we need to make sure the fundamentals are sound let's check in with jim lead anderson, the president and chairman and ceo of sixflags welcome back to "mad money." good to see you, jim >> thank you too, jim. >> i got a call on the stock and i -- i had listened to an analyst who was -- i don't say

he was not complimentary but he's concerned obviously i say don't reach for yield. the fact is the stock got hammered after the last quarter but it also seems there is a pattern of getting hammered. i want you to straight out the narrative a little bit further complicated by international uncertainty, keybank saying some things about how they're cautious, wells fargo, cautious. i just got to be less cautious. >> jim, you pointed out rightly that the market suffered a meltdown while this was going on we definitely had bad weather that impacted us to the tune of about 700,000 guests, which is a lot of people. so it's a big hit there. the most significant thing, we talked about this before, if you go back eight years and look, as soon as we report the third quarter, pretty much every single year we have dropped and come back consistently and hit new record highs on our share

price. is there is a message here every time people believe we miss, but the reality is if you went back eight years ago, something like 70% of our attendance came in the peak summer months. >> right right. >> now it's 50%. we've shifted this and made the fourth quarter profitable where they lost money historically. >> we have cold weather right now. i would love to be assuaged to some degree to not believe that there aren't problems with, say, dubai, where people felt the partner might not be happy or china where there is a pushback. some of these international ideas, to me, have always been a terrific engine of growth. >> they have been and they continue to be an engine for growth if you think about those parks, they're providing upside for us now, but the reality is they haven't even opened yet. there is opportunity still to come we're at 13 parks internationally. the big drivers of growth right now are an active park space right here in north america up

9% we've taken pricing up memberships growing at record levels we're at levels on memberships, 2 million members. that's something we've never had before our all-season dining pass, we passed a million members active dining pass holders. a first. we're going to hit our ninth record year this year. and even with the disappointment that you explained, jim, we're sitting year to date at record earnings and record revenue. >> all right. >> so the growth is there. >> okay. so let's take this -- third quarter print or number was a significant disappointment and while a lack of transparency remains somewhat of an obstacle as a full understanding to the makeup of the miss, we continue to be concerned about the organic growth trajectory of domestic parks and new concerns -- talking about international help out this idea about the organic understanding a little bit more about organic trajectory of the domestic parks. >> we feel very strongly about

the organic trajectory of our domestic parks and driving growth. >> these people say you don't give them the information they need. >> they're analysts and they want more and more information, and we have made a relatively minor acquisition that has added and speupplemented our growth vr -- 32 record quarters. >> are people stupid every summer with the stock? i don't understand i mean -- >> it happens every summer after the third quarter, just look at the numbers. you've seen them. >> is there any analyst who understands this most of the analysts -- >> most of the analysts support us and have us as buys you happened to have looked at a couple of analysts. >> remember where i'm coming from i see the stock go down big and i'm saying to myself i want to be for field i believe -- the cash flow is there and the passes are terrific i'm trying to figure out why the heck do they sell knowing that it's a record year both you and i are puzzled.

>> i'm puzzled for sure, but i see it as a buying opportunity, jim. >> right. >> if you go back eight years, the third quarter, the share price drops. >> you're totally right. you're absolutely right. >> it's happened every year and i fundamentally believe it's happening again this year and we will come back strong in terms of share price with a nearly 6% yield how do you beat that >> we want to be sure -- it's not like the parks have gotten too expensive or you wouldn't have the growth in the passes. i know cedar fairs have similar problems with the weather. i check off on the weather absolutely i guess my last question would be, do you think it's because people keep thinking you're going to buy seaworld, which people don't like. >> you know we would never comment about anything like that i don't know what people are thinking with regard to seaworld obviously you should ask them what they're thinking. >> sure. >> from my perspective, five major tunes for growth for our company. we're delivering successful

revenue and growth year after year, quarter after quarter. at least five growth opportunities will provide growth for us we think for years to come. we're early on in the six flags growth story i fundamentally believe that. >> because you are here and because i look you in the eyes and because i know the cash flow, i believe in your depiction of what's going on. >> you have right from the beginning. >> yes, i have. >> we really appreciate it >> absolutely, sir. >> i believe this is the best growth and yield story you have, jim. >> it may be very, very true thank you, sir to jim reed anderson, six flags' chairman and ceo he might be right, but you got to look a guy in the eye when you see a stock like that. there is a clear series of facts. i find them to be transparent. i like the story "mad money" is back after this

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fabulous 3% earnings off a 72% basis. higher than expected sales looking for 6% and expanding margins, healthy guidance. they have a everywheveracious v. it's still up nearly 20% for the year and up nicely after the close. no bear market here. that said, i think this could have a lot more upside don't take it from me. let's dig deeper with chuck robbins, the chairman and ceo of the company. welcome back to "mad money." >> hey, jim, it's great to be here how are you? >> chuck, i'm fine, thank you. why? you're the only good news the whole day. i didn't see a single item that wasn't better than expected. i want to start with a more wholistic approach you've become the infrastructure play for the internet of things. not just software but hardware

selling incredibly well, too. >> jim, first of all, i'm really proud of what our team has accomplished we had probably one of the most consistent quarters we've seen in a very long time, whether you look at it across our product categories, geographies or customer segment our teams have done a great job. when you look at iot or this transition to the cloud, the reality is our customers are navigating an environment that is much more complicated than they ever dreamed and the network is at the heart of that and, you know, the distributed security architecture that we built obviously accommodating iot, accommodating multiple clouds, sass providers the network has become more relevant than it was in the past we're really pleased and i think our strategy is working well right now. >> your place to go on board the cloud, i was thinking ibm and red hat as an interesting combination. you're doing a lot of similar things for your clients.

>> the irony, jim, if you go back four or five years and look at the cloud, it was viewed as an existential threat to us, and i think today it's actually driving our clothe this expansion into the cloud that you see from our customers is driving our growth because they're having to rearchitect their i.t. infrastructure to accommodate the traffic flows that are just nothing like they were when they built their original architectures if you look at the partnerships we built with google and microsoft and customers' ability to build into the public crowd, the private cloud or the other way around, extending -- we think that's going to actually provide a phenomenal capability in a very simple way to our customers. they don't want another complex, you know, platform they have to run. they really want to just be able to seamlessly move these work loads when they need to. >> they obviously want your security software. a double digits gain for a

company that is very, very large is pretty impressive >> yeah, our security continues to accelerate and our teams -- this architecture that we set out three or four years ago to build, people didn't quite understand what we were doing, but we believed that in the world that we live in today with our customers, you have to have an architecture that extends from the end point to the cloud to the network, you know, through e-mail into the application and you have to be able to aggregate all those threats into the cloud and then defend dynamically, which is what we have been building you saw some of the announcements we made hithis we, in with our cloud security products and introducing a cloud security gateway this week that has gotten really good reviews we're continuing to help our customers actually expand into the cloud with the appropriate level of security. >> two story lines that have dominated the news one is since the election everything has been completely chaos and second the tariffs are

going to wreck everything. that's not the narrative that you're talking about in your conference call. >> well, you know, jim, we were affected by the 10% round that came out with a month to go in our quarter that we just reported and we implemented some price increases as we said we would. frankly, we didn't see any difference between the momentum whenever we did that and after in the quarter and obviously we would prefer that the tariffs don't get increased to 25% in january. my belief all along has been once we got through the midterms the administration would begin to really focus on this. we're beginning to hear some positive sound bites around this i'm optimistic that we'll get to some resolution that is good for both and really allows us to continue this global expansion of the economy that we've all been enjoying for the last few years. >> all right chuck, also kelly kramer, your fabulous cfo, no relation, does mention finally raw parts that have beening toing the stock, the d-rams could go from being a

headwind to a tailwind what does that mean for your gross margins? >> there are a couple of things. kelly is fantastic she spells her name with a "k. so definitely no relation. there is a bit of a headwind, but it's getting better. we're seeing the. we fit of the software shift we talked about on our margins the guidance is higher than -- and i think it's attributed to both those things. we will see a headwind, as she said in the next quarter but we think long term we'll be age to navigate that. >> one other thing we have to talk about i talked about it with marc benioff, philanthropist. bridge to pop. we've got to talk about the homeless where you are people don't think there are any homeless you along with marc thought maybe it's not the best to have homeless living next to billionaires. >> if you look in silicon valley, the third highest rate of homelessness for a county,

santa clara county in the united states the reality is we need healthy, thriving communities and we need everybody to be able to participate in this economic growth and we need inclusive growth that starts with solving for fundamental needs like not only homelessness but affordable housing and hunger, but then it also expands into, you know, providing education, helping people gain the skills that are needed for the next generation jobs we have 1.9 million students enrolled in cisco's network academies around the world right now helping them to get the skills they need to gain for the next generation of jobs. i thinkit's our responsibility marc believes that as well as a business community to actually play a significant role in help dealing with some of these issues so we can have healthy communities. that's what he's doing in san francisco. we're not doing it alone there are lots of people, lots of ceos who care about different aspects of these issues and working on them very diligently across the region. >> all right let's leave it at that

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it is time, it's time for the lightning round. >> buy, buy, buy. >> sell, sell, sell. >> then the lightning round is over are you ready? the lightning round. we're going to start with bill in minnesota bill >> caller: booyah from bill in minnesota, jim my stock today is microchip. >> and not that great. semi-conductor company with its whole world coming back down we're not going to recommend that at all. joe in new jersey. joe? >> caller: hello, cramer thank you for all that you do for us and for all of your great advice. >> appreciate it thank you. >> caller: my stock is first data corp. >> that quarter was a bad quarter. it really shocked me stocks down to 17. probably overdone. you know what? do we really need that when we have paypal, master card visa

and square bob in new jersey? bob? >> caller: yes, hi, bob from new jersey. >> all right. >> caller: question for you. i'm thinking of buying shares of blackstone. >> i'm endorsing that. a nice yield real smart guys. i think that's a decent situation. a lot of people always troubled by it. not me let's go to amy in nevada. amy? >> caller: hi, jim thank you for taking may call today. >> of course. >> caller: i'm calling about tell -- >> our chairman, i've got to tell you sending off a lot of -- it's got a very good setup but it is cqp if you want to get incoming growth cqp, 6.7%, and i like that one more can i go to john in washington john >> caller: hi, jim what do you think of clean harbor >> i think that al mckim hast

done a terrific job. i say -- buy, buy, buy that is the conclusion of the that is the conclusion of the lightning round.is gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

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i spent a lot of time talking about the wall street fashion show what's in style, what's out of style, how hard it is for stock to rally when its co-word stops being trendy some companies are so well run they can triumph even when the wall street taste makers are

against them take this communication software company that helps app developers use push technology in the cloud to better connect with their customers if you've ever used uber or lyft or airbnb, you've gotten a message empowered by tru -- the kind of move you only expect to see after a takeover bid, not an earnings report. i have to admit, i've, a pig believer in this story for a very long time the last time we went out to san francisco, i visited their headquarters where the ceo, terrific guy, actually caught me how to write code and create a template so we can put specials right to your cell phone. that's my plan i'm ready to code. i didn't expect a quarter this good it delivered a 5 cent beat off a 2 cent basis higher than expected sales, 68%.

management gave bullish guidance for the next quarter nobody saw this number coming. it was incredible. what's driving the strength? explained in the conference call, quote, our relentless focus on innovation and empowering developers continues to resonate in the market. he added they're winning the hearts and minds of app developers, basically their platform is spreading like crazy thanks to positive word of mouth. they have positive room to grow. as 90% of the contact world infrastructure uses outdated software i think it is fabulous which is why the stock was able to roar last week. thanks to the latest marketwide turmoil, the bull market moving into a bear market, from $98 and change to $84 as of today. to me it feels like a real bargain at these levels, of course i'd like to lower, particularly if people keep talking about the bear market. oh, i have some proof it's as easy to use as they say.

take a look. >> every day you have a new one. >> yeah, i do a stock of the day. >> now, what if you want to automate this? what if you want anyone to be able to text in a number without you responding to hundreds and thousands of people, you can just say text in this number and you'll get the stock pick of the day. >> well, that would be unbelievable because that would take the business to another level entirely and people would think it's personalized. >> you can do that with twilio. >> we can do facebook messenger, we can do whatsapp now there are all these different ways every company has ways for how they want to engage with their customers using digital technologies this is the digital era. every company needs to figure out new ways to engage with their customers and make their customers feel loved and technology, code and twilio can make that happen should we update your app to give you the stock pick of the day? send a text message to that day.

twilio will hit your code and your code will tell it i want to replay back, my stock pick of the day is -- there you go update it every single day with whatever you're picking. are you going to demo this app and earn your track jacket >> in front of real people yes. >> there you go. >> oh, my. thank you. thank you. i'm going to earn my jacket today. >> you built an app where you can text in and you get back instantly jim's pick of the day. let's try it out we've got to prove that the app works. that's part of the process take out your phones, everybody. text the word "pick" to that number you'll get jim's stock pick of the day. >> it's incredible incredible >> the intensity >> maybe want to guess what it might be >> well, jim, welcome to the group of millions of people who

have used twilio, built something on twilio and changing the ways they run their businesses pause you can digitally engage with your customers in new and exciting ways because of that, we have for you your twilio track jacket give us an arm give us another arm. >> wow >> congratulations, jim. >> thank you >> thank you thank you so much. right before our eyes, aging is unleashing exponential growth... ...in every industry. are you ready? we are. a-a-r-p is teaming up with business leaders and innovators... ...sparking new ideas and real solutions. so, what are you waiting for?

listening to j pal tonight talk about where the economy is. and what i like to hear and what i heard is that there is slowing. it's the first time that i've actually heard j pal say, you know what, we've got to be careful pause there are signs the economy is slows whether it's because of tariffs or genuine economic activity seems be cooling off if you're thinking that way, you're not going to be thinking, i'm going to slap on a rate increase in december and then i'm going to add three more

blindly in 2019 but that's exactly what the market is thinking i detected softening here is the only problem with that i need everybody to think that things are going to be awful the bear market that everyone is talking about, well, it's got to be universally accepted and people have got to keep leaving. if they don't, whts going to happen is say, you know what i'm going to stay in every weak hand has to go. that said, what pal said tonight basically amounted to a realization that he gets that the tightens have had an impact and that maybe he shouldn't keep tightening because the impact is going to get worse and worse and worse for the economy. he said he did not want to be responsible for setting us back. he certainly was when he talked before about raising four times. like i say, there is always a bull market somewhere. i promise to find it for you right here on "mad money."

i'm jim cramer and i will see i'm jim cramer and i will see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an 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." ♪ i live in davenport, florida, with my beautiful wife corrina, my daughter claudia, and our dog chloe, and i am the owner of fresh patch. corrina and i got married three months after meeting each other, and then corrina got offered a job in florida, so we decided that might be a good opportunity to start something new. we moved from a house with a backyard