wrong on this one. they are breaking out. >> it's trading at 23 times and it just rallied ten percent. i would not buy it on tim's recommendation. >> >> see tomorrow "mad money" 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 money. my job isn't just to entertain but to teach you call me at 1-800-743-cnbc. or tweet me @jimcramer today the bulls got mauled they are in full retreat >> no, no.

>> dow plunging 396 points, s&p plummeting 1.66% and the nasdaq nosediving 3.03% and that's left us with a lot of questions, we're all struggling to figure out when does this rout end when do the buyers come in >> buy, buy, buy. >> when do the sellers finish? frankly, we don't know and that is what allows this roving bear market to keep tearing us to pieces today it was the service ware, social media, they all led slower it's as though money managers are unwinding a gigantic position many and this is crucial, many of which are still up a great deal for the year and they have plenty of reasons to head for the hills. because people do not want to give up those gains. let's take them down and, look, some will be familiar. some are not if you just tuned

in for the first time. like, for instance this, is one that is continual. there's the apple article in "the wall street journal." apple suppliers suffer with uncertainty around iphone demand saying all of their products are slowing, not just the cheaper ones this stories have become pretty repetitive but nobody seems to care and treated as totally r revelatory we've only had a couple downgrades this can't stabilize until apple stabilizes it's all over but the crying they're saying doesn't help that vice president pence keeping throwing down the gauntlet against the chinese my view, apple's a long-term hold with its huge installed base giving them a lot of room to grow which is why you own it, don't trade it

i can't blame any big accounts for dumping it and at least short term i wouldn't expect the stock to bottom until some of the analysts start downgrading it or many because the stock is up 10% for the year and the collective towel, it's not really been thrown yet as painful as it's been for people who watch it second, dare i mention it, facebook facebook is just an unmitigated disaster i think the stock would trade higher if sheryl sandberg left which is amazing given there was a time not that long ago when the stock would have been down ten bucks on the news of her departure. mark zuckerberg is now making elon musk look like the dalai lama the scathing articles about facebook remind me of the nixon white house in the final days during the watergate investigation with every man or woman for themselves vibe. i've been called for an elder

statesman to come in i've been doing that for months, like larry schmidt took the reins the google putting them on better footing that's what facebook desperately needs right now, someone experienced to take over as chairman, maybe protect mark zuckerberg from himself. of course, the stock is toxic as long as this goes on the real problem being we don't know what this is in this issue. what is it i wish i couldrecommend facebook but i can't find a reason to jump in front of a speeding freight train i think the stock is cheap i think business is actually pretty good but with zuckerberg declaring war on the lawmakers and investors and user base, again, very nixonian by the way that's kind of beside the point. facebook management. yeah, it's true. the move is based on, well, nothing of the then -- perhaps a

sense that the global economy is slowing rapidly and there is a widespread revulsion towards expensive stocks and reminds me of the winter of 2016 where salesforce plunged to pretty much nothing how does it end? these typically end when the longs are finished selling and the valuation can be sustained we're not there yet. the incredible thing is there's no concrete evidence whatsoever that anything is really wrong. nobody has seen a real slowdown on the web if anything the nurps have been quite strong try telling that to the sellers who fear this could be the winter of 2016 or worse because the selling is even more indiscriminate or someone who is up 225% on actutrulo oio or ado. for the first time since the financial crisis, dip buying has

failed that's right ever since the generational bottom in march of 2009 it's paid to buy the high flyers into any momentary weakness that's been the most reliable way to make money. no more. now buying the dip seems injudicious if not disastrous. think about the people who bought the myriad dips in nvidia as it fell have 292 to 144 or micron or western digital. i could have gone on and on. 2019 will be a down year is the presumption. how can you rebut it we've had no clarity on 2019 and don't expect mergers to save you because china's retoeing the mergers involving the semis. hard to make a trade deal when elements in your government push for what sounds like regime change that's what vice president pence

said late this weekend, a direct challenge to china, i was shocked the market opened up i read the speech on the white house.gov and thought we'll get crushed today. if this administration views trade with china as fuel to become a super empire, you could easily imagine them cutting off that trade entirely. they don't want to fuel the ambitions of china of course, that would be horrendous for all sorts of american businesses and wouldn't work but many people believe that's where we may be headed. i think it's extreme, but try telling the sellers. the federal reserve is in a real tough spot i put it in a less pejorative way. remember, i favored the december hike this seems to be the only metric that matters is employment we need a definitive uptick in unemployment before the fed will

stop and i doubt that can happen by december as the economy is still humming. after the holidays i think retail will be weak and could be some more bankruptcies of a larger order than david's bridal which filed for chapter 11 today. it's a shame we need to wait for them to get that bad before the fed changes course limited brands, it's now called l brands slashed their dividend. another sign of what i'm talking about. i wish the fed looked at these things but they don't seem to care about anything the markets are saying, the commodities, they just don't they don't care about the declines in housing. the fed wants concrete evidence of folks getting thrown out before they get hawkish. i am definitively not in charge. only a few stocks are working. those are mostly stocks that you buy when you believe are headed into a recession given that nobody thinks you can slip into a recession so fast after such strong numbers there's genuine confusion, confusion makes people want to sell if you have a few blue chips

that are really insensitive to the economy, that doesn't send a strong signal to people. the charts are hideous it's incredibly difficult to find any significant floor of support here i'm not a technician but like legendary supreme court justice potter stewart said about pornograpimportant nothipn ugly chart when i see it i'm trying not to be too pejorative when you look at all the very good retailers that have been shelled after they reported like macy's, home depot, walmart, that's the market telling you to be concerned it doesn't seem to concern the fed at all, though we aren't even that oversold yet. despite the awful action we're not at the point where we should expect a bounce. last time we got down this far,

this one is just not deep enough it's not sad enough. it's not dreary enough not angry enough there's too much hope. there's not enough hatred in my twitter feed the good news, if we keep falling at this pace -- how many times have i said negative stuff? it won't be long before we reach oversold levels where all hope is extinguished. the bottom line, i just gave you what i'm seeing. i don't see a way around it until at least ten problems get fixed especially these right here, okay i've been highlighting these for what feels like ages so always new people watching. these have only grown more acute with time which is why we could be headed lower even if we get a snapback rally from an oversold position let's go to jonathan in texas. jonathan. >> caller: this is jonathan.

i'll keep it quick bcc, heavily institutional owned finding new lows should we start nibbling at this >> the fed were to look at that chart and understand why they're down 30%, that would really, really help us but they don't care none of that stuff means anything to these people because they've never been in the trenches with me they missed it in 2007 and they're missing it now we're in a powerful bear market phase. when does it end not until we get these problems fixed. if we get this -- see if apple breaks down again tomorrow and facebook and the software stocks and dip buyers get crushed, we hear more negative china news and the fed says nothing, few stocks are working other than the ones that are recession proof, no real level of support, rose colored glass, more people say i'm optimistic and not oversold, well, guess what, we'll continue to get more

on "mad money" tonight will yeti's ipo keep your profits cool i'll give my take. then does today's drop make you feel like you need a drink you're not the only one, i'll tell you if an investment in moulson coors can make sense like the lipstick thing, it makes estee lauder good. what could boot barn's latest signal 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 mail at madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com.

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i love this stuff. hey, as we sift through the rubble trying to find stocks that went higher, a great way to measure strength, sometimes we find really compelling intriguing opportunities. like this, yeti holdings, y-e-t-i. right through the teeth of the last downturn. it makes all kinds of high performance outdoor wear like coolers, mugs, when you go camping. based on fears of inflation, investors feel a lot less inclined to take a chance on newly minted growth stock. yeti was supposed to price between 19 and 21. it came in at 18 and opened down $16.75

if you saw that action you probably assumed it was a dud and forget about it. however, when the market stabilized this duck started rebounding and what is more impressive it continued to rally climbed another 2.3% to $17.57 even as the average collapsed so we've got an interesting situation here yeti's stock has become strangely resilient yet still trading at a discount so we have to ask, could it be worth buying let's figure this out together because, man, i love this stuff. for those who aren't familiar with this brand, yeti makes some great products, the market has been very effective and the company has built a loyal following and diverse customers that include everybody from college fraternities to professional fisherman i got myself at true value i think it's fantastic they're premium coolers priced at the high end of the market. if you're going camping or hunting or fishing or frankly just having a nice tailgate and want to be sure your fish stays

fresh or beer stays cold, this is the way to keep it. i've got to tell you the numbers are terrific if this had come public a month or two earlier i think it would have gotten a different reaction its sales evolved from 90 million in 2013, 90 million, listen in 2013 to just under 640 million last year, a 63% compound annual growth now, after growing at a 75% clip, their sales did reverse last year shifking by 22%, ouch. what happened? as yeti explains it, and i believe it, back in 2015 the demand for their products far outstripped the supply so the next year their distributors aggressively stocked up on yeti merchandise that led to excess inventory so their distributors ended up cutting back on orders dramatically in 2017 basically the retailers keep

overcorrecting, fortunately in the six months of this year yeti returned a growth with sales rising by 34%. the earnings per share had a similar trajectory did i mention that unlike so many ipos yeti has been profitable for years don't you like that. even when the business was getting slammed in 2017 they still made money and earned 1.63 in 2016 but that shrank to 28 cents last year and mentioned that inventory glut worked its way through the system the numbers are on the mend. yeti earned 28 cents a share just in the first six months of 2018 the same amount they made in all of 2017 and up dramatically from the 6 cents the company made in the first six months of last year now, one thing they provided was preliminary numbers for the third quarter which they'll report on thursday of next week and these numbers were a mixed bag. the company talking about a 7.2% sales growth which isn't so hot even as management predicted the gross margin would expand by 500

basis points i mean, holy -- that's huge. from 44.9 to 49.7. thanks to the margin expansion their net income should grow by 50% year over year which is very hot indeed what else? whenever you evaluate a new ipo you need to value the balance sheet. 391 million in long term debt. not great but it's not the end of the world no, what bothers me is why yeti has that debt. there was a private equity -- private equity backed ipo and they used to belong to a group and had 2016 a company borrowed a bunch of money to pay a dividend i don't like this kind of thing. i know people say it's normal private equity behavior but it's not something we like to see worse, cortex has a majority of

their common stock, cortex got most from the ipo and until they do more selling they retain a controlling interest in the company. regular viewers know i'm always somewhat leery of these situations where the common shareholders are hostage to this when they ring the register heavy could be so heavy-handed it will cause the stock to get slammed so where do i come out on this one? you know what, i love a good premium brand and in some ways i think yeti reminds me of canada goose, maker of fancy coats and their stock skyrocketed as they used their brand to appeal to a mass market audience i loved their quarter and retail was so bad it didn't matter but i think it will eventually i am not saying they're another canada goose which was a big winner, canada goose had phenomenal execution yeti is a lot less consistent

but they've created a premium brand and they're expanding direct to consumer business trying to cut out the middleman trying to sell it straight to the people as canada goose did something that worked wonders for all sorts of consumer facing companies, nike, ralph lauren among others and there's a lot to like in yeti's financials now, okay, i don't like that the revenue growth slowed to 7% in the third quarter but this is a seasonal business so there will be ebbs and flows plus the margin expansion more than made up for it. it's helpful they had a really bad year in 2017 because that helps reset expectations they don't need to knock it out of the park in order to impress wall street. the stock's trading at a high teens multiple based on next year's earnings estimates which are pretty -- i've got to tell you it's pretty darn cheap but on the other hand, yeti hasn't exactly been a portrait of consistency last year they got put through the meat grinder i worry about the private equity

firm that owns half the company. less than ideal. we're no longer in the quiet period every single analyst that initiated coverage on yeti today gave it a buy rating morgan stanley thinks it goes to 20 goldman predicting 27. and that's why it surged 2.2%. yeti holdings is far from perfect but it's got a great outdoor brand and its ipo was so poorly timed i think it is a real bargain yet t. call me a buyer rodney in new jersey >> caller: how are you >> i'm doing well. how are you? >> caller: doing great, thank you. >> good. well, go ahead >> caller: so my question is i've owned nwl for many years and have purchased it for my children over the years as well. i thought it was a highly diversified company with products that i knew well and more importantly that my children knew well

their products must be in every house across the country it had a great dividend and i considered to be a conservative and as you know it's down roughly 60% this past year. >> right. >> caller: a drop i would have considered impossible and unheard of i i have not sold any of my stock and been trying to catch the bottom for about the last $15 maybe my take on this stock is too emotional. that is why i'm calling for your professional unbiased opinion on this once great company. >> okay. >> caller: should i buy more or hold >> michael's last quarter was a good one michael peopling is doing good work not an l brands which had to slash their dividend and fire -- or got rid of the victoria's secret person. i'm going to tell you newell i think at this point you should hang on. they are rubbermaid. but this yeti brand, wow, i'm telling you because the market is so bad people are throwing

these stocks out i think it could be a monster. it's a terrific nameplate. i think it's a bargain much more "mad money" paddoahea. feel like you need a stiff drink? i'll tell you if moulson coors can take the edge off. boot barn, it might be dropping like a rock but are they still made for a profit. i'm tell you how to approach the unknowns stay with cramer (toni vo) 'twas the night before christmas,

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♪ ♪ ♪ ♪ comfort. what we deliver by delivering. what a hideous day man, it was just a terrible one. i like to focus on the stocks that managed to hang in there. hang in with strength especially gravitational pull of the

averages i search for ones who reported good numbers so we know they're doing well meaning no negative earning surprises ahead and in this kind of environment we like defensive companies that can thrive during a slowdown which brings me to moulson coors, tap for you home gamers. they just delivered surprisingly strong numbers at the end of october. the thing about moulson coors is that it has been in the doghouse for ages these guys specialize in exactly the kind of mass market beer that's fallen out of favor with consumers and kinds losing market share to craft beers or corona that has the most growth in the industry. that's why i've been skeptical in recent weeks, moulson coors has been making a comeback it went higher today gaining 2.57% while the rest of the market went into freefall. part of the reason, the company has embraced the burgeoning marijuana business which has the potential to change the narrative here so could this be

something that's worst circling the wagons around here is the turnaround at moulson coors for real or is this still a show me story. before we dig into the nitty-gritty, background, you know this company coors, blue moon, ckeystone among others. they had a joint venture with miller called miller coors which combined both of the businesses in the united states but when miller sold itself to bud in 2016, moulson coors bought miller's chunk of that business for much less than we thought it was going to -- they would have to pay for it. this was supposed to rejuvenate the company. it did just the opposite the problem, moulson coors ended up making a huge additional bet on the mass market beer business right when consumers were abandoning mass market beer in droves and switching to fancier

craft brews. for the next two years it got crushed losing roughly half of its value from peak to trough and moulson coarse kept generating disappointing numbers and the stock, gone are the days of smokey and the bandit that was premised on smuggling coors east of the mississippi where it used to be illegal because 40 years ago coors was regards as the best beer in america show to it a millennial and they'll have a hard time suspending their disbelief after that it cratered and we started to see signs of life although at first wall street had trouble believing them in june they held an analyst meeting where management reaffirmed full year guidance. that's not something you do if you're worried about your business falling apart at the beginning of august it delivered an okay quarter, pretty much in line but imagine it gave robust guidance, even if it was back-loaded

the stock rallied, a week later the gains evaporated and sentiment was negative for example, at the beginning of september when the stock was at 66, pretty much where it is now, jeffries initiated coverage on moulson coors with an underperform or sell rating. arguing that the company was in a protracted sales decline through 2022 thanks to their troubled mainstream brand portfolio and obviously you know all these brands the whole situation seemed darned grim and as the market melted down, moulson quarters got clobbered right along with it a little over three weeks ago anheuser-busch reported a truly dismal quarter and cut its dividend in half we covered that last week, moulson coors was collateral damage it was around 66 but then something funny happened on the morning of halloween moulson coors delivered a massive better than expected quarter, earning $1.84 per share

while modestly better than expected their quarters turned 1.8% sales growth into a 17% increase in net income and 34% increase in earnings per share the beer business hasn't suddenly turned around and let's not say it has moulson coors still saw a 1% decline, decline in worldwide brand volume with real weakness in north america sales to wholesalers increased by 1.1%. they still get the lion's share of the sales from the united states so when brand volume declines by 3.3% that hurts getting eaten alive in the premium beer segment, coors light and miller light but the company has seen tremendous strength outside north america with these same darn brands. at the same time management's been betting heavily on higher end craft brews more appealing in the u.s. as millennials have been a generation of beer snobs although it may take a long time

for the bets to pay off. the real key moulson coors has cut costs aggressively which allowed them to more than offset the inflation bedeviled so many other package goods businesses during this period even better management raised their cost savings forecast by $100 million they also reaffirmed commitment to continuing to pay down debt, they got enormous debt loads and it looked cheap at the time a couple of years ago so this quarter wasn't a game changer but it was much, much better than many feared which is why the stock surged 10% on the news and it really hasn't booked back since. still the bear thesis remains the same, maybe they've become a better operator but the fact remains there's core u.s. beer business is in trouble however the company has been working overtime to build a new one and revolvers arous around cannabis moulson coors is all about cheech and chong and at the beginning of august

they established a joint venture with the corporation people call hexo for short that's a low cost canadian cannabis producer anticipating the end of marijuana prohibition last month they own 57% of the joint venture which is about making marijuana infused beverages and they plan to legalize it next fall early last month the transaction closed and we learned they're calling it truss i don't know if it's that good a name on the latest they explained that the canadian cannabis market could be worth $10 billion. with beverages potentially accounting for 20% to 30% of that and the company is trying to beat everyone else to the punch. like cramer fave constellation brands moulson coors is a brewer that understands the scale of the opportunity but this won't start making money for nearly a year but you have to ask yourself is that enough? i like that management is executing and like the fact that the stock is cheap trading at 13.3% next year's earnings

estimates. it was about cost cuts and if she see volume increases then i worry there might not be much room for upside. it's very small compared to what con at thelation has done with its investment in canopy growth. remember the ceo came on and talked a pretty good game. bottom line, moulson coors is definitely gets its act together but i want to see signs of real improvement before i recommend this stock as an investment but if you want to play it purely on speculation, well, as long as you prepare to lose a little money, be my guest let's go to lilly in my own state of new jersey. lilly. >> caller: hi, jim how are you? >> i'm good. how about you? tough day in the markets >> caller: i know. i am hurting that's why i'm calling so i am ten years from retirement and i just as a single mom put two boys through college. >> well done >> caller: yeah.

and so getting them through and looking for a risky but high growth potential stocks and starting getting into the marijuana stocks in particular aurora so it's -- i bought a while ago and it's just tanking with all the other marijuana stocks >> right i think it's too speculative for you. you worked hard. congratulations putting a couple kids through school but that stock has a lot of flaws to it they're going to be -- as bruce lytton said from canopy not sort of consolidation there's just going to be defruks and i fear some of the smaller players will get hurt. i know the market has you feeling like you need a cold one. before you go for tap i want to see signs of real improvement. i prefer constellation much more "mad money." with black friday around the corner i'm talking with boot barn see if they can saddle up over the holidays.

i'll tell you how to aproich the latest ago tonight's edition of "lightning round." so stay with cramer.

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listen, you know i've been

sounding the alarm for months arguing that the economy is more fragile than it seems. that's because i want you to remain calm on awful days like today and not be shockers. while there are plenty of reasons to worry, when wall street starts to panic there is a tendency to throw the baby out with the bathwater boot barn, the chain that sells western and work-related footwear and accessories, pla py on what people wear in the heartland. now, their stock has been a fabulous performer but in the last few months it has been hurt because of the marketwide sell-off when they reported near the end of october the stock nosedived from 28 to 25 and kept sinking to 20 bucks and change as of today. you think the quarter was terrible, right? wrong. company delivered a big top and bottom line beat with spectacular 11.3% same-store

sales growth what is going on could the sellers see something i don't or getting a terrific buying opportunity let's check in with jim conroy jim was just terrific on last time president and ceo of boot barn to get a better read on how the quarter is going and how the holiday season is shaping up welcome back to "mad money." >> thank you very much >> have a seat >> we've got big boots between us. >> that's right. >> i was talking to my friend matt boss who just put out a terrific note. i said, listen, what's going on? isn't this your fave he said it has the best growth characteristics. did something happen in the last four weeks i can't figure out. >> i don't think so. look, we've had as you know three consecutive quarters of double digit comps our store and e-commerce is growing and we're optimistic about the business anda bit perplexed about the stock price. >> that's what i want to hear frankly. i want my management to reflect

that when they get hammered. one is people are worried how much of your boots -- apparel sourced in china >> so, the piece that's directly sourced by us is probably only 7% or 8% of our entire business so more of it is sourced overseas but that is really up to the manufacturer of the brand to have to kind of import it and worry about tariffs so that might be passed through or passed along to theconsumer or split with the factory for us our direct impact is about half of our private brand business, which is 15%, about half of that comes from china. so that is really our direct responsibility. >> so when you hear the president or vice president pence speak, do you think, we got to find another place, maybe vietnam, maybe cambodia. >> we're looking at alternative sources and the brands are but china has a compelling proposition. things are manufactured there for a reason and i think their productivity is strong and i think my personal view they'll figure out a way to continue to

be an importer to the u.s. >> you have a big exposure in texas. oil has come down. is that area been hurt >> so, our -- i think the exposure to oil for boot barn is a little overblown if we went back for the last eight years our same-store sales have comped on average 8%. that includes a precipitous decline in oil now, in fairness that point in time our same-store sales did soften and came to roughly flat. and i think that was a combination of softness in the price of oil but we had just made an acquisition and that business had come down because we were changing from a high/low pricing model to everyday pricing but i think those are combined together with exposure to oil. >> i would think anything north of 50 and you're okay. >> yes, absolutely. >> okay, good. i think that the viewers might want to understand you have a good read on the consumer. you have great crm, customer relations management analytics and e-commerce which shows "you"

could put stores like you've got a road map to put up more stores how many can you put up. >> we have 233 we could double that and have a road map for the next ten years as to where we're going to put stores and continue to build out the country and we do use e-commerce data to your point and also use a heavy dose of other data whether that's employment, blue collar employment, radio listenership, country radio listenership, pickup trucks, all of that kind of goes into the equation and figure out where we can put our next store. >> are you a company where they see what i call up in the social media and they follow me which i never mind because i want the stuff. do you use google or facebook or do you worry about facebook? >> we don't so much. for us we have much more traditional media. so we are still country music radio, television, direct mail, email, of course, we do a bit on social but it's the minority of

our media mix by a lot. >> the great chart prospective on america, you got that famous new yorker contract cover and then you have pasture, forest, cropland that's where you do well. >> what most realize and i had grown up in new york, what most realize most of the country as you fly from one extreme to the other is people farming, people working the land and riding horses and driving a pickup truck and i think you kind of lose that prospective when you're in manhattan. >> understood. holiday gifts. people still spending? >> we believe people are still spending i'm optimistic and we're extremely well positioned with our marketing, assortment and our stores are fully staffed a lot of concern around seasonal hiring but have been able to get everybody fully staffed and 233 sto stores across the country and ready for the next six weeks of business. >> terrific. you just got great stuff and

glad you're able to put it in perspective. a lot get concerned about everything that's jim conroy, president and ceo of boot barn what a strong story. "mad money" is back after the break. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life.

>> announcer: "lightning round"

is sponsored by td ameritrade. it is time time for "the lightning round. >> buy, buy, buy >> and then "the lightning round" is over are you ready, skee-daddy. let's start with jeff in alabama. jeff >> caller: hey, how are you doing, skee-daddy? >> skee-daddy is good. >> caller: hey, this is jeff from alabama how about a little chicken chicken. tyson, buy, hold or sell. >> which one was it? tyson, no, tyson had a bad quarter. i'm sorry. >> sell, sell, sell. >> they got to get it together let's go to zach in pennsylvania zach >> caller: what up, jim. i'd like to hear your thoughts on anterra resources. >> one of the only ones i like is bp because it yields 6% and just raised the dividend so i'm

not worried about whether it can pay it let's go to cory in tennessee. cory >> caller: hey, jim. thanks for taking my call. >> you're quite welcome. >> caller: i'm a fan of you and your show. >> thank you >> caller: my question is on the lululemon, lulu stock ticker. >> high multiple anything including apparel is being -- >> sell, sell, sell. >> i don't want to sell it but i'm trying to give you both sides of the story mitchell in california mitchell >> caller: boo-yah, jim. thanks for taking my call. >> of course >> caller: and i'm calling you about ticker symbol tlnv >> oh, my god. there are a million talends software getting crushed simp simple -- what kind of market is this it's awful

steven and the illini. >> caller: how are you >> i'm good. how about you. >> caller: da bears. i'd like your take on schlumberger. >> they have good yields and balance sheets and oil is not done back and forth with my colleague and he said you have to be careful. this is the twilight of positional that's what you're seeing. pb and schlumberger will be good but i seem to be the only one that feels that way. dave in illinois dave how you been, buddy? >> caller: i'm doing well. how are you? >> i'm doing well. you know, tough week with the eagles but go ahead, what's up >> caller: my stocks are today marley, da vinci and i like intuitive surgical. >> my boy had a good weekend,

i'm with intuitive surgical and say buy, buy, buy. we have to give up on everything in this market and that, ladies and gentlemen, is the conclusion of "the lightning round. >> announcer: "the lightning round" is sponsored by td ameritra ameritrade so all... evening long. ooh, so close. yes, but also all... night through its entirety. come on, all... the time from sunset to sunrise. right. but you can trade... from, from... from darkness to light. ♪ you're not gonna say it are you? at&t provides edge-to-edge intelligence, covering virtually every part of your finance business. and so if someone tries to breach your firewall in london & you start to panic... don't. because your cto says we've got allies on the outside... ...& security algorithms on the inside... ...& that way you can focus on expanding into eastern europe... ...& that makes the branch managers happy & yes, that's the branch managers happy.

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one big reason for today's meltdown, we're in a trade war with china but we don't know

what the heck this administration's policy actually is on the one hand president trump makes you confident a trade deal with be done with the chinese. maybe considering the conference at the end of the month. pence keeps making speeches that make you feel like there's no point in negotiating with the prc unless they replace their current government with a capitalist democracy or capitalist something it gets worse. president trump intermates there are things going on behind the scenes which means something magical could happen vice president pence maybes it sound like we're trying to contain the chinese the same way we're trying to contain the soviet union as pence sees it we're funding china's global ambitions with our trade so we might as well shut it down because they're challenging america and according to pence, we're winning. how do we know as he explained it the cooperation speech this weekend china's largest stock exchange fell by 25% in the first nine months of the year because our administration has been standing

strong against their trade practices. now, what pence lives out is that he may have started a u.s. bear market or at least a bear phase with his remarks at the hudson institute last month where he called for containment of china that was exactly when the market started being crushed. that and october 3rd with jerome powell the latest speech was about how other countries don't need to take chinese loans as one of their one belt, one road initiative that is meant to be the world's largest foreign aid program that does come with string as tamped like the chinese version of the international monetary fund. if trump's vice president is on at tack right in the face of the chinese president basically calling him a shylock how the heck can we be only a few points away from a trade agreement in china? it's almost laughable. donald trump is president, not mike pence but hard not to get the administration they're trying to destabilize or topple

the chinese communist regime than it does about negotiating a fair trade deal to do more business now, maybe trump and pence are playing good cop/bad cop i've been thinking about it and maybe it's all rhetoric. these speeches are all about getting better term, the art of the deal but i got to tell you all this talk of containment sure sounds sincere to me so you can hope that the g20 yields results but i would say his reiteration of the hard line contain policy makes it binary and odds increase dramatically this weekend that there's no deal to be had just a further extension of the cold war that began october 4th and seems to get hotter every single day stick with cramer. there are performers, dancers, designers the dads and the drivers. there are doers of good and bringers of glee. this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best,

deserve the best. get up to a $1,000 credit on select models now during the season of audi sales event.

a moment of joy. a source of inspiration. an act of kindness. an old friend. a new beginning. some welcome relief... or a cause for celebration. ♪ what's inside? ♪ [laughter] possibilities. what we deliver by delivering. bad day for the bulls. i like to say there's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer

i will see you tomorrow. >> narrator: in this episode of "american greed," meet randy treadwell. >> he knew all the ways to break into people's hearts, to break down that level of trust. >> narrator: he claims he's a financial wizard, and he guarantees huge returns. >> it was a powerful inducement for people to give them, you know, whatever they had, whether it was $5,000 or $500,000. >> there's programs in europe where you can get anywhere from 1%, 2%, and 3% a day on your money. >> narrator: but treadwell and his partners are stealing millions from investors.